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Smartsheet Inc

Borrower · Application Software
group grade Aon a schedule nowsponsor Blackstone Management Partners L.L.C. inferred
No date on record · this record
See every lender's markFind rescue capital
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Special situations PE firms

What matters now

  1. 100¢ → 102¢
    consensus mark

    Consensus mark 102¢ on cost, up from 100¢ a year ago, 99¢ last quarter.

    Q2 2026 · The lenders' own valuations moved back up.

    Derived1 of 1 lender' own marks, weighted by principal
Mark path, consensus per quarter end
Q2 2025: 100¢Q3 2025: 100¢Q4 2025: 101¢Q1 2026: 99¢Q2 2026: 102¢100¢ · 100¢ · 101¢ · 99¢ · 102¢Q2 2025 to Q2 2026
Principal held
at least $46.8M
sum of BDC pieces, a lower bound
Fair value
$46.8M
102c on cost, debt pieces
Unfunded
$4.8M
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jan 1, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
LenderExposureCurrent markQoQ change
Hercules Capital, Inc.$46.8M102¢+3 pts
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
Hercules Capital, Inc.term loan first lien
Senior Secured, January 2031, 3-month SOFR + 5.25%, Floor rate 6.00%
$46.8M$46.8M
102c
S+525 bp
Hercules Capital, Inc.term loan first lienNot disclosedNot disclosed
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $46.8M102cS+525 bpJan 1, 20311
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$46.8M$46.8M102c0
Mar 31, 20261$46.8M$45.3M99c0
Dec 31, 20251$46.8M$46.2M101c0
Sep 30, 20251$46.8M$46.1M100c0
All 7 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20251$46.8M$45.9M100c0
Mar 31, 20251$46.8M$45.9M100c0
Dec 31, 20241$0$0n/a0
What changed
Every change including routine ones
Identity
Group key
SMARTSHEETderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived
Industry
Application Softwarereportedas one filer wrote it
Capital chain

Smartsheet Inc sits on 2 traced paths of capital across the graphs.

Sponsor to borrower to facility to lenderPE sponsor to borrower to facility to lender

DFX traced 2 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Position history

2 field-level changes across filed schedules, latest first
  • Spread tightenedH••••••• C••••••• I••• · 6.50% to 5.25%
    2026-03-31
  • New positionH••••••• C••••••• I•••
    2024-12-31

Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.

›Connections

every published relationship on the graph
Show 3 connections across 1 kind
Sponsors (2)