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.
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Borrower
P•••••• B•••• P••••••••• L••
Softwaregroup grade Aon a schedule nowsponsor unattributed
Also written as: 1; B•••• Newco Borrower, LLC; Emerald JV LP; J.D. Power; JD Power; LLC - B•••• Newco Borrower LLC; LLC - Funded; LLC Asset Type
Principal held
at least $117M
sum of BDC pieces, a lower bound
Fair value
$114M
97c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
25
9 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Jul 1, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
11
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 $59.9M | 97c | SOFR+275 bp | Jul 16, 2031 | 16 |
| other lien unstated | at least $56.8M | 98c | S+275 bp | Jul 16, 2031 | 8 |
| second lien term loan second lien exited Jun 30, 2025 | at least $32.7M | 101c | SOFR+525 bp | Jul 16, 2032 | 7 |
| revolver lien unstated exited Dec 31, 2024 | at least $8.3M | 101c | S+525 bp | unstated | 4 |
| first lien revolver first lien exited Jun 30, 2025 | at least $7.5M | 100c | S+200 bp | unstated | 3 |
| delayed draw term loan lien unstated exited Jun 30, 2025 | unknown | n/a | unstated | 4 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• P•••••• C••••• F••• | term loan first lien Asset Type First Lien Term Loan Reference Rate and Spread S + 2.75% Interest Rate 6.50% Ma | $2.0M | $1.9M 99c | SOFR+275 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset Type First Lien Term Loan Reference Rate and Spread S + 2.75% Interest Rate 6.50% Ma | $5.9M | $5.8M 98c | SOFR+275 bp |
| A•••••• S•••••••• C••••• F••• I• L•• | term loan first lien Asset Type First Lien Term Loan Reference Rate and Spread S + 2.75% Interest Rate 6.50% Ma | $992,000 | $968,000 98c | SOFR+275 bp |
| A••• S•••••••• I••••• F••• | term loan first lien First lien senior secured loan | $24.3M | $23.6M 97c | S+275 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien First Lien Senior S•••••• Term Loan | $992,000 | $965,000 98c | S+275 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(Q) Spread 2.75% Total Coupon 6.48% Maturity 7/2/2 | $4.8M | $4.7M 98c | SOFR+275 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $26.4M | $25.8M 97c | S+275 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated Non-Affiliated Issuer | $23.9M | $23.3M 98c | S+275 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $6.4M | $6.3M 98c | S+275 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st Lien/Senior S•••••• Debt Industry Software Interest Rate 6.48% Reference Rate and Spre | $16.0M | $15.6M 97c | SOFR+275 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment First Lien Debt Reference Rate & Spread S + 2.75% Interest Rate 6.48% Maturity | $4.9M | $4.8M 97c | SOFR+275 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 | 9 | $117M | $114M | 97c | 0 |
| Mar 31, 2026 | 9 | $122M | $118M | 97c | 0 |
| Dec 31, 2025 | 11 | $401M | $402M | 100c | 0 |
| Sep 30, 2025 | 10 | $347M | $346M | 100c | 0 |
| Jun 30, 2025 | 13 | $368M | $369M | 100c | 0 |
| Mar 31, 2025 | 12 | $341M | $340M | 100c | 0 |
| Dec 31, 2024 | 13 | $502M | $507M | 101c | 0 |
| Sep 30, 2024 | 12 | $266M | $267M | 100c | 0 |
| Jun 30, 2024 | 11 | $107M | $107M | 100c | 0 |
| Mar 31, 2024 | 10 | $112M | $112M | 101c | 0 |
| Dec 31, 2023 | 10 | $148M | $148M | 101c | 0 |
| Sep 30, 2023 | 9 | $128M | $128M | 100c | 0 |
| Jun 30, 2023 | 9 | $70.9M | $69.4M | 99c | 0 |
| Mar 31, 2023 | 9 | $58.1M | $56.6M | 98c | 0 |
| Dec 31, 2022 | 9 | $124M | $121M | 99c | 0 |
| Sep 30, 2022 | 3 | $49.0M | $46.8M | 96c | 0 |
| Dec 31, 2021 | 2 | $13.3M | $13.3M | 100c | 0 |
What changed
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Spread increasedDec 31, 2025
- Maturity shortened (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Lender left a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- Maturity shortened (observed)Sep 30, 2025
- Lender left a facilityJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- Lender left a facilityJun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Lender left a facilityMar 31, 2025
- Lender left a facilityMar 31, 2025
- Lender left a facilityMar 31, 2025
- Lender left a facilityDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Spread increasedDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- BOOSTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 25 BDCsderived
- Industry
- Softwarereportedas one filer wrote it