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Curriculum Associates, LLC

Borrower · Diversified Consumer Services
group grade Aon a schedule nowsponsor Hellman & Friedman LLC inferred
No date on record · this record

Nothing material in the last 200 days. No dated change on record yet.

Mark path, consensus per quarter end
Q2 2025: 100¢Q3 2025: 100¢Q4 2025: 100¢Q1 2026: 99¢Q2 2026: 99¢100¢ · 100¢ · 100¢ · 99¢ · 99¢Q2 2025 to Q2 2026
Where each lender marks it on the first lien term loan, 0 points apart
99¢Consensus: 99¢Goldman Sachs Private Credit: 99¢West Bay BDC: 99¢99¢
Principal held
at least $454M
sum of BDC pieces, a lower bound
Fair value
$386M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
May 7, 2032
no dated debt inside 24 months
On the tape since
Jun 30, 2025
latest Jun 30, 2026
Events
1
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
Goldman Sachs Private Credit Corp.$426M99¢0 pts
West Bay BDC LLC$28M99¢0 pts
Every BDC piece · 4 positions across 2 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
Goldman Sachs Private Credit Corp.term loan first lien
1st Lien/Senior Secured Debt Industry Diversified Consumer Services Interest Rate 8.41% Re
$257M$254M
100c
SOFR+475 bp
Goldman Sachs Private Credit Corp.term loan first lien
1st Lien/Senior Secured Debt Industry Diversified Consumer Services Interest Rate 8.41% Re
$169M$108M
99c
SOFR+475 bp
West Bay BDC LLCterm loan first lien
1st Lien/Senior Secured Debt Industry Diversified Consumer Services Interest Rate 8.41% Re
$16.9M$16.7M
100c
SOFR+475 bp
West Bay BDC LLCterm loan first lien
1st Lien/Senior Secured Debt Industry Diversified Consumer Services Interest Rate 8.41% Re
$11.1M$7.1M
99c
SOFR+475 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $454M99cSOFR+475 bpMay 7, 20322
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20262$454M$386M99c0
Mar 31, 20262$454M$377M99c0
Dec 31, 20252$880M$736M100c0
Sep 30, 20252$454M$272M100c0
All 5 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20252$503M$301M100c0
What changed
Identity
Group key
CURRICULUM ASSOCIATESderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 2 BDCsderived
Industry
Diversified Consumer Servicesreportedas one filer wrote it
Capital chain

Curriculum Associates, LLC sits on 2 traced paths of capital across the graphs.

Sponsor to borrower to facility to lenderPE sponsor to borrower to facility to lender

DFX traced 2 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

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Position history

5 field-level changes across filed schedules, latest first
  • Principal decreased$852M to $426M
    2026-03-31
  • Principal increased$426M to $852M
    2025-12-31
  • Principal decreased$475M to $426M
    2025-09-30

+2 more position changes

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.

›Connections

every published relationship on the graph

+1 connection on the graph

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

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