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.

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Borrower

K•• P••••• H•••••••• I••

Softwaregroup grade Aon a schedule nowsponsor unattributed
Also written as: Inc. Asset Type; NeoGov
Principal held
at least $102M
sum of BDC pieces, a lower bound
Fair value
$83.9M
99c on cost, debt pieces
Unfunded
$6.4M
commitments not yet drawn
BDC lenders
9
9 on the latest quarter
Facilities
5
0 equity pieces beside them
Next maturity
Mar 12, 2032
no dated debt inside 24 months
On the tape since
Mar 31, 2024
latest Jun 30, 2026
Events
8
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $95.9M99cSOFR+450 bpMar 12, 20329
first lien delayed draw term loan first lienat least $3.7Mn/aSOFR+450 bpMar 12, 20325
first lien revolver first lienat least $2.8Mn/aSOFR+450 bpMar 12, 20325
revolver lien unstated
exited Sep 30, 2025
unknownn/aunstated3
delayed draw term loan lien unstated
exited Sep 30, 2025
unknownn/aunstated1
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
A• P•••••• C••••• I•••••••• C•••delayed draw term loan first lien
US Corporate Debt | 1st Lien/Senior Secured Debt | Delayed Draw Term Loan | 3/12/2032
$0$-10,267
169c
SOFR+450 bp
A• P•••••• C••••• I•••••••• C•••term loan first lien
US Corporate Debt | 1st Lien/Senior Secured Debt | Term Loan | 8.14% (S + 4.50%; 0.75% Flo
$10.5M$10.3M
100c
SOFR+450 bp
A• P•••••• C••••• I•••••••• C•••revolver first lien
US Corporate Debt | 1st Lien/Senior Secured Debt | Revolver | 3/12/2032
$0$-12,952
152c
SOFR+450 bp
A• P•••••• L•••••• F•••delayed draw term loan first lien
US Corporate Debt | 1st Lien/Senior Secured Debt | Delayed Draw | 3/12/2032
$0$-797
170c
SOFR+450 bp
A• P•••••• L•••••• F•••term loan first lien
US Corporate Debt | 1st Lien/Senior Secured Debt | Term Loan | 3/12/2032
$813,241$803,076
100c
SOFR+450 bp
A• P•••••• L•••••• F•••revolver first lien
US Corporate Debt | 1st Lien/Senior Secured Debt | Revolver | 3/12/2032
$0$-1,006
152c
SOFR+450 bp
A•••••• P•••••• C••••• F•••revolver first lien
Asset Type First Lien Revolver Reference Rate and Spread S + 4.50% Interest Rate 8.16% Mat
$711,000$-7,000
175c
SOFR+450 bp
A•••••• P•••••• C••••• F•••delayed draw term loan first lien
Asset Type First Lien Delayed Draw Term Loan Reference Rate and Spread S + 4.50% Interest
$940,000$-9,000
450c
SOFR+450 bp
A•••••• P•••••• C••••• F•••revolver first lien
Commitment Type Revolver Commitment Expiration Date 3/12/2032
n/a$-7,000
A•••••• P•••••• C••••• F•••term loan first lien
Asset Type First Lien Term Loan Reference Rate and Spread S + 4.50% Interest Rate 8.16% Ma
$7.2M$7.1M
99c
SOFR+450 bp
A•••••• P•••••• C••••• F•••delayed draw term loan first lien
Commitment Type Delayed Draw Term Loan Commitment Expiration Date 3/15/2027
n/a$-9,000
A•••••• S•••••••• C••••• F•••delayed draw term loan first lien
Asset Type First Lien Delayed Draw Term Loan Reference Rate and Spread S + 4.50% Interest
$2.2M$-22,000
440c
SOFR+450 bp
A•••••• S•••••••• C••••• F•••term loan first lien
Asset Type First Lien Term Loan Reference Rate and Spread S + 4.50% Interest Rate 8.16% Ma
$16.8M$16.6M
99c
SOFR+450 bp
A•••••• S•••••••• C••••• F•••revolver first lien
Asset Type First Lien Revolver Reference Rate and Spread S + 4.50% Interest Rate 8.16% Mat
$1.7M$-17,000
213c
SOFR+450 bp
A•••••• S•••••••• C••••• F•••revolver first lien
Commitment Type Revolver Commitment Expiration Date 3/12/2032
n/a$-17,000
A•••••• S•••••••• C••••• F•••delayed draw term loan first lien
Commitment Type Delayed Draw Term Loan Commitment Expiration Date 3/15/2027
n/a$-22,000
A•••••• S•••••••• C••••• F••• I• L••revolver first lien
Commitment Type Revolver Commitment Expiration Date 3/12/2032
n/a$-4,000
A•••••• S•••••••• C••••• F••• I• L••delayed draw term loan first lien
Asset Type First Lien Delayed Draw Term Loan Reference Rate and Spread S + 4.50% Interest
$531,000$-5,000
250c
SOFR+450 bp
A•••••• S•••••••• C••••• F••• I• L••term loan first lien
Asset Type First Lien Term Loan Reference Rate and Spread S + 4.50% Interest Rate 8.16% Ma
$4.1M$4.0M
99c
SOFR+450 bp
A•••••• S•••••••• C••••• F••• I• L••delayed draw term loan first lien
Commitment Type Delayed Draw Term Loan Commitment Expiration Date 3/15/2027
n/a$-5,000
A•••••• S•••••••• C••••• F••• I• L••revolver first lien
Asset Type First Lien Revolver Reference Rate and Spread S + 4.50% Interest Rate 8.16% Mat
$402,000$-4,000
200c
SOFR+450 bp
G•••••• S•••• B••• I•••term loan first lien
1st Lien/Senior Secured Debt Industry Software Reference Rate and Spread S + 4.50% Maturit
$79,000$-1,000
100c
SOFR+450 bp
G•••••• S•••• B••• I•••term loan first lien
1st Lien/Senior Secured Debt Industry Software Reference Rate and Spread S + 4.50% Maturit
$104,000$-2,000SOFR+450 bp
G•••••• S•••• B••• I•••term loan first lien
1st Lien/Senior Secured Debt Industry Software Interest Rate 8.14% Reference Rate and Spre
$796,000$784,000
99c
SOFR+450 bp
G•••••• S•••• P•••••• C••••• C••••term loan first lien
1st Lien/Senior Secured Debt Industry Software Reference Rate and Spread S + 4.50% Maturit
$3.4M$-51,000
319c
SOFR+450 bp
G•••••• S•••• P•••••• C••••• C••••term loan first lien
1st Lien/Senior Secured Debt Industry Software Interest Rate 8.14% Reference Rate and Spre
$26.3M$25.9M
99c
SOFR+450 bp
G•••••• S•••• P•••••• C••••• C••••term loan first lien
1st Lien/Senior Secured Debt Industry Software Reference Rate and Spread S + 4.50% Maturit
$2.6M$-39,000
186c
SOFR+450 bp
P•••••• S••••• B•• L••term loan first lien
1st Lien/Senior Secured Debt Industry Software Reference Rate and Spread S + 4.50% Maturit
$1.1M$-17,000
340c
SOFR+450 bp
P•••••• S••••• B•• L••term loan first lien
1st Lien/Senior Secured Debt Industry Software Interest Rate 8.14% Reference Rate and Spre
$8.6M$8.5M
99c
SOFR+450 bp
P•••••• S••••• B•• L••term loan first lien
1st Lien/Senior Secured Debt Industry Software Reference Rate and Spread S + 4.50% Maturit
$851,000$-13,000
186c
SOFR+450 bp
W••• B•• B•• L••term loan first lien
1st Lien/Senior Secured Debt Industry Software Interest Rate 8.14% Reference Rate and Spre
$10.3M$10.2M
99c
SOFR+450 bp
W••• B•• B•• L••term loan first lien
1st Lien/Senior Secured Debt Industry Software Reference Rate and Spread S + 4.50% Maturit
$1.3M$-20,000
333c
SOFR+450 bp
W••• B•• B•• L••term loan first lien
1st Lien/Senior Secured Debt Industry Software Reference Rate and Spread S + 4.50% Maturit
$1.0M$-15,000
188c
SOFR+450 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20269$102M$83.9M99c0
Mar 31, 20269$101M$83.0M99c0
Dec 31, 20259$145M$120M100c0
Sep 30, 20259$102M$83.8M100c0
Jun 30, 20258$97.2M$79.5M100c0
Mar 31, 20258$97.2M$79.5M100c0
Dec 31, 20242$11.9M$10.9M100c0
Sep 30, 20241$5.0M$4.6M101c0
Jun 30, 20241$5.0M$4.6M101c0
Mar 31, 20241$5.0M$4.6M101c0
What changed
Every change including routine ones
Identity
Group key
KPA PARENT HOLDINGSderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 9 BDCsderived
Industry
Softwarereportedas one filer wrote it