DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Borrower
T•••• M•••• 2• L••••••
Softwaregroup grade Aon a schedule nowsponsor unattributed
Also written as: T•••• M•••• 1 L••••••; Tufin
Principal held
at least $68.0M
sum of BDC pieces, a lower bound
Fair value
$72.8M
99c on cost, debt pieces
Unfunded
$5.7M
commitments not yet drawn
BDC lenders
6
4 on the latest quarter
Facilities
4
2 equity pieces beside them
Next maturity
Aug 1, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2026
Events
11
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $68.0M | 99c | S+493 bp | Aug 1, 2028 | 3 |
| first lien revolver first lien | unknown | n/a | unstated | 3 | |
| other lien unstated exited Sep 30, 2025 | unknown | 131c | unstated | 4 | |
| first lien delayed draw term loan first lien exited Sep 30, 2024 | unknown | n/a | unstated | 3 |
Equity pieces beside the debt: preferred equity ($2.7M fair value, 2 BDCs), equity ($3.1M fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• T••••••••• F•••••• C•••• | term loan first lien First lien senior secured loan | Non-Affiliated Issuer | $35.4M | $34.9M 99c | S+493 bp |
| B••• O•• T••••••••• F•••••• C•••• | revolver first lien First lien senior secured revolving loan | Non-Affiliated Issuer | n/a | $-45,000 | |
| B••• O•• T••••••••• I••••• C•••• | term loan first lien First lien senior secured loan | $32.6M | $32.1M 99c | S+493 bp |
| B••• O•• T••••••••• I••••• C•••• | revolver first lien First lien senior secured revolving loan | n/a | $-41,000 | |
| C•••••• C••••• S••••••••• I••• | preferred equity equity Investment | Non-Affiliated Issuer | Common and Preferred Equity Investments | n/a | $2.7M 189c | |
| C•••••• S•••••• L••••••• I••• | equity equity Investment | Non-Affiliated Issuer | Equity Investments | n/a | $3.1M 181c |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 4 | $68.0M | $66.9M | 99c | 0 |
| Mar 31, 2026 | 4 | $68.2M | $66.6M | 98c | 0 |
| Dec 31, 2025 | 4 | $68.4M | $68.4M | 100c | 0 |
| Sep 30, 2025 | 4 | $68.6M | $68.6M | 101c | 0 |
| Jun 30, 2025 | 4 | $68.7M | $68.7M | 101c | 0 |
| Mar 31, 2025 | 4 | $68.9M | $68.9M | 101c | 0 |
| Dec 31, 2024 | 5 | $95.9M | $95.9M | 101c | 0 |
| Sep 30, 2024 | 6 | $64.8M | $64.8M | 101c | 0 |
| Jun 30, 2024 | 6 | $64.5M | $64.0M | 101c | 0 |
| Mar 31, 2024 | 6 | $64.0M | $63.4M | 101c | 0 |
| Dec 31, 2023 | 6 | $96.7M | $95.5M | 100c | 0 |
| Sep 30, 2023 | 6 | $58.9M | $57.8M | 100c | 0 |
| Jun 30, 2023 | 6 | $58.5M | $57.4M | 100c | 0 |
| Mar 31, 2023 | 6 | $58.1M | $57.0M | 100c | 0 |
| Dec 31, 2022 | 6 | $57.7M | $56.6M | 100c | 0 |
| Sep 30, 2022 | 1 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Sep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Spread changed (observed)Jun 30, 2024
- Maturity shortened (observed)Jun 30, 2024
- New lender joined a facilityDec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Spread increasedSep 30, 2023
- Spread changed (observed)Sep 30, 2023
- Maturity shortened (observed)Sep 30, 2023
- Spread changed (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Spread changed (observed)Mar 31, 2023
- New borrower on a BDC scheduleSep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- TALON #UKderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 6 BDCsderived
- Industry
- Softwarereportedas one filer wrote it