A•••• I••

group grade Aoff every schedule since Dec 31, 2022sponsor unattributed

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

Principal held

at least $2.5M

sum of BDC pieces, a lower bound

Fair value

$2.5M

100c on cost, debt pieces

Unfunded

commitments not yet drawn

BDC lenders

2 on the latest quarter

Facilities

1 equity pieces beside them

Next maturity

unstated

no dated debt inside 24 months

On the tape since

Dec 31, 2021

latest Dec 31, 2022

Events

dated, non-routine

Lender marks

each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender

Lender	Exposure	Current mark	QoQ change
T••••••••• P•••••• V•••••• C••••• I•••	$2.5M	100¢	new this quarter
T••••••••• V•••••• G••••• B•• C••••	no principal filed	no cost filed	no comparable mark

Every BDC piece · 3 positions across 2 lenderslargest principal first, with instrument and rate

BDC	Instrument	Principal	Fair value	Rate
T••••••••• P•••••• V•••••• C••••• I•••	unstated lien unstated	$2.5M	$2.5M 100c	S+725 bp
T••••••••• P•••••• V•••••• C••••• I•••	warrants equity W•••••• Investments	Not disclosed	$8,000 38c
T••••••••• V•••••• G••••• B•• C••••	unstated lien unstated	Not disclosed	Not disclosed

Capital structure as the BDCs see it

latest quarter end Dec 31, 2022

Facility	Held	On cost	Pricing	Maturity	BDCs
other lien unstated exited Dec 31, 2022	at least $2.5M	100c	S+725 bp	unstated	2

Equity pieces beside the debt: warrants ($8,000 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
Dec 31, 2022	2	$2.5M	$2.5M	100c
Sep 30, 2022	1	$0	$0	n/a
Dec 31, 2021	1	$0	$0	n/a

What changed

Identity