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Borrower

M••••••• B••••••••• I••

group grade Aon a schedule nowsponsor unattributed
Also written as: Magnesium Co-Invest SCSp

What matters now

  1. 100¢ → 105¢
    consensus mark

    Consensus mark 105¢ on cost, up from 100¢ a year ago, 104¢ 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: 106¢Q4 2025: 106¢Q1 2026: 104¢Q2 2026: 105¢100¢ · 106¢ · 106¢ · 104¢ · 105¢Q2 2025 to Q2 2026
Principal held
at least $33.7M
sum of BDC pieces, a lower bound
Fair value
$83.9M
105c 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 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
3
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
A••• C•••••• C•••$33.7M105¢+1 pts
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
A••• C•••••• C•••term loan first lien
F•••• lien senior secured loan 1
$23.6M$23.6M
107c
S+450 bp
A••• C•••••• C•••term loan first lien
F•••• lien senior secured loan
$10.1M$10.1M
100c
S+450 bp
A••• C•••••• C•••equity equity
L•••••• partnership interest
Not disclosed$50.2M
126c
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $33.7M105cS+450 bpMay 1, 20291
Equity pieces beside the debt: equity ($50.2M fair value, 1 BDC), other (Not disclosed fair value, 1 BDC)
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$33.7M$33.7M105c0
Mar 31, 20261$33.9M$33.5M104c0
Dec 31, 20251$56.9M$56.9M106c0
Sep 30, 20251$57.0M$57.0M106c0
All 15 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20251$102M$102M104c0
Mar 31, 20251$99.8M$99.8M102c0
Dec 31, 20241$109M$109M100c0
Sep 30, 20241$137M$137M102c0
Jun 30, 20241$119M$119M101c0
Mar 31, 20241$119M$119M101c0
Dec 31, 20231$116M$116M101c0
Sep 30, 20231$136M$136M100c0
Jun 30, 20231$138M$137M100c0
Mar 31, 20231$137M$133M97c0
Dec 31, 20221$274M$266M96c0
What changed
Every change including routine ones
Identity
Group key
M••••••• B•••••••••derivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived