DFX Intelligence
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Borrower
K••• A••••••••• I••
group grade Aon a schedule nowsponsor unattributed
Also written as: Entrust; Entrust Solutions Group; First Lien - Drawn; First Lien - Undrawn; Inc. Asset Type; Inc. Assets; Inc. Assets Type; Inc.. First Lien
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 100¢ · 101¢ · 100¢Q2 2025 to Q2 2026
Principal held
at least $2.3M
sum of BDC pieces, a lower bound
Fair value
$2.3M
100c on cost, debt pieces
Unfunded
$0
commitments not yet drawn
BDC lenders
20
2 on the latest quarter
Facilities
6
1 equity pieces beside them
Next maturity
Aug 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
10
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N•• S•• I• I••• | $2.33M | 100¢ | -1 pts |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | no principal filed | no cost filed | new this quarter |
Every BDC piece · 5 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•• S•• I• I••• | term loan first lien F•••• L••• | N••••••••• I••••• | $1.2M | $1.2M 100c | S+450 bp |
| N•• S•• I• I••• | term loan first lien F•••• L••• | N••••••••• I••••• | $900,000 | $894,000 100c | S+450 bp |
| N•• S•• I• I••• | term loan first lien F•••• L••• | N••••••••• I••••• | $254,000 | $252,000 100c | S+450 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien D•••••• D••• L••• | Not disclosed | Not disclosed | |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | revolver lien unstated R•••••••• L••• | Not disclosed | Not disclosed |
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 $2.3M | 100c | S+450 bp | Aug 1, 2029 | 19 |
| revolver lien unstated | unknown | n/a | unstated | 2 | |
| first lien delayed draw term loan first lien | unknown | n/a | unstated | 7 | |
| delayed draw term loan lien unstated exited Dec 31, 2025 | unknown | n/a | unstated | 3 | |
| other lien unstated exited Dec 31, 2025 | unknown | n/a | unstated | 3 |
All 6 facilitiesShow fewerheld first, largest first
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien revolver first lien exited Mar 31, 2026 | unknown | n/a | unstated | 6 |
Equity pieces beside the debt: equity ($8.0M fair value, 1 BDC)
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 | $2.3M | $2.3M | 100c | 0 |
| Mar 31, 2026 | 3 | $2.3M | $2.3M | 101c | 0 |
| Dec 31, 2025 | 12 | $831M | $632M | 100c | 6 |
| Sep 30, 2025 | 13 | $145M | $111M | 102c | 0 |
All 18 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 14 | $155M | $118M | 102c | 0 |
| Mar 31, 2025 | 14 | $156M | $117M | 101c | 0 |
| Dec 31, 2024 | 14 | $202M | $158M | 101c | 0 |
| Sep 30, 2024 | 13 | $162M | $121M | 101c | 0 |
| Jul 31, 2024 | 1 | $2.8M | $1.9M | 100c | 0 |
| Jun 30, 2024 | 13 | $163M | $121M | 100c | 0 |
| Mar 31, 2024 | 12 | $162M | $119M | 100c | 0 |
| Dec 31, 2023 | 7 | $47.3M | $47.2M | 100c | 0 |
| Sep 30, 2023 | 2 | $47.4M | $47.3M | 100c | 0 |
| Jun 30, 2023 | 2 | $47.5M | $47.4M | 100c | 0 |
| Mar 31, 2023 | 2 | $47.6M | $47.1M | 99c | 0 |
| Dec 31, 2022 | 2 | $47.8M | $46.8M | 98c | 0 |
| Sep 30, 2022 | 2 | $47.9M | $47.3M | 99c | 0 |
| Dec 31, 2021 | 2 | $48.3M | $48.2M | 100c | 0 |
What changed
- Maturity shortened (observed)Mar 31, 2026
- Facility left every BDC scheduleMar 31, 2026
- Lender left a facilityMar 31, 2026
- Maturity extended (observed)Dec 31, 2025
- PIK interest appearsDec 31, 2025
Full timeline · 30 eventsShow fewer
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- PIK interest appearsDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- K••• A•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 20 BDCsderived