DFX Intelligence
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Borrower
T••••• C•••••• P••••••• L••
Real Estategroup grade Aoff every schedule since Dec 31, 2021sponsor unattributed
Also written as: Private Equity; Structured
Nothing material in the last 200 days. No dated change on record yet.
Principal held
at least $60.0M
sum of BDC pieces, a lower bound
Fair value
$481M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
May 11, 2022
$60.0M inside 24 months
On the tape since
Dec 31, 2020
latest Dec 31, 2021
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2021, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F• K•• C•••••• C••• | $60M | 100¢ | no comparable mark |
Every BDC piece · 7 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F• K•• C•••••• C••• | subordinated debt unsecured or subordinated M••••••••, Asset B•••• Finance, Real Estate - 1 | $22.0M | $22.0M 100c | S+650 bp PIK 6.50% |
| F• K•• C•••••• C••• | subordinated debt unsecured or subordinated M••••••••, Real Estate 1 | $22.0M | $22.0M 100c | S+650 bp PIK 6.50% |
| F• K•• C•••••• C••• | subordinated debt unsecured or subordinated M••••••••, Real Estate 2 | $8.0M | $8.0M 100c | S+650 bp PIK 6.50% |
| F• K•• C•••••• C••• | subordinated debt unsecured or subordinated M••••••••, Asset B•••• Finance, Real Estate - 2 | $8.0M | $8.0M 100c | S+650 bp PIK 6.50% |
| F• K•• C•••••• C••• | subordinated debt unsecured or subordinated M•••••••• | Not disclosed | $22.0M | S+650 bp |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F• K•• C•••••• C••• | unstated lien unstated | Not disclosed | $199M 126c | |
| F• K•• C•••••• C••• | equity equity Private Equity | Not disclosed | $199M 126c |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2021
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| unsecured or subordinated subordinated debt unsecured or subordinated exited Dec 31, 2021 | at least $60.0M | 100c | S+650 bp PIK 6.50% | May 11, 2022 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1 | $60.0M | $82.0M | 137c | 4 |
| Dec 31, 2020 | 1 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- T••••• C•••••• P•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Real Estatereportedas one filer wrote it