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.
Borrower
Poseidon Midco AB
Principal held
at least $110M
sum of BDC pieces, a lower bound
Fair value
$122M
102c on cost, debt pieces
Unfunded
$13.1M
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Sep 17, 2031
no dated debt inside 24 months
On the tape since
Sep 30, 2023
latest Jun 30, 2026
Events
3
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 $110M | 102c | S+550 bp | Sep 17, 2031 | 2 |
Equity pieces beside the debt: other (n/a fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Oaktree Specialty Lending Corp | term loan first lien First Lien Term Loan 1 | $12.9M | $14.7M 105c | S+550 bp |
| Oaktree Specialty Lending Corp | term loan first lien First Lien Term Loan 3 | $5.8M | $5.8M 101c | S+550 bp |
| Oaktree Specialty Lending Corp | term loan first lien First Lien Term Loan 2 | $5.2M | $5.8M 98c | S+500 bp |
| Oaktree Specialty Lending Corp | unstated lien unstated | n/a | n/a | |
| Oaktree Strategic Credit Fund | term loan first lien First Lien Term Loan 2 | $18.8M | $21.1M 98c | S+500 bp |
| Oaktree Strategic Credit Fund | unstated lien unstated | n/a | n/a | |
| Oaktree Strategic Credit Fund | term loan first lien First Lien Term Loan 3 | $46.6M | $53.2M 105c | S+550 bp |
| Oaktree Strategic Credit Fund | term loan first lien First Lien Term Loan 1 | $21.1M | $21.1M 101c | S+550 bp |
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 | 2 | $110M | $122M | 102c | 0 |
| Mar 31, 2026 | 2 | $118M | $131M | 103c | 0 |
| Dec 31, 2025 | 2 | $92.5M | $103M | 106c | 0 |
| Sep 30, 2025 | 2 | $92.5M | $103M | 106c | 0 |
| Jun 30, 2025 | 2 | $92.5M | $103M | 106c | 0 |
| Mar 31, 2025 | 2 | $90.0M | $93.0M | 98c | 0 |
| Dec 31, 2024 | 2 | $69.3M | $64.3M | 93c | 0 |
| Sep 30, 2024 | 2 | $63.6M | $69.2M | 100c | 0 |
| Sep 30, 2023 | 2 | $0 | $0 | n/a | 0 |
What changed
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Marked down across lendersDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- New borrower on a BDC scheduleSep 30, 2023
Sponsor
- CNK Equity Partners I, LLC
- the sponsor's own portfolio page lists a company of this nameestimateda16zcrypto.com"listed on https://a16zcrypto.com/portfolio/: Poseidon (psdn.ai)"
Identity
- Group key
- POSEIDON #NOderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Pharmaceuticalsreportedas one filer wrote it