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Global Music Rights, LLC

Borrower
group grade Aon a schedule nowsponsor Hellman & Friedman LLC inferred
No date on record · this record
See every lender's markFind rescue capital
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Special situations PE firms

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

Mark path, consensus per quarter end
Q2 2025: 100¢Q3 2025: 101¢Q4 2025: 102¢Q1 2026: 102¢Q2 2026: 102¢100¢ · 101¢ · 102¢ · 102¢ · 102¢Q2 2025 to Q2 2026
Where each lender marks it on the first lien term loan, 1 point apart
101¢Consensus: 102¢ARES STRATEGIC INCOME FUND: 102¢ARES CAPITAL: 101¢102¢
Principal held
at least $706M
sum of BDC pieces, a lower bound
Fair value
$684M
102c on cost, debt pieces
Unfunded
$45.3M
commitments not yet drawn
BDC lenders
9
3 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Dec 1, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
8
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
HPS Corporate Lending Fund$486M102¢0 pts
ARES STRATEGIC INCOME FUND$142M103¢+2 pts
ARES CAPITAL CORP$78M101¢+1 pts
Every BDC piece · 9 positions across 3 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
HPS Corporate Lending Fundrevolver first lien
Non-Affiliated Issuer
$439M$444M
102c
S+425 bp
ARES STRATEGIC INCOME FUNDterm loan first lien
First lien senior secured loan
$136M$138M
102c
S+425 bp
ARES CAPITAL CORPterm loan first lien
First lien senior secured loan
$72.0M$72.7M
101c
S+425 bp
HPS Corporate Lending Fundrevolver first lien
Non-Affiliated Issuer
$46.8M$18.7M
102c
S+425 bp
ARES CAPITAL CORPrevolver first lien
First lien senior secured revolving loan
$6.0M$6.1M
102c
S+425 bp
View all 9 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
ARES STRATEGIC INCOME FUNDrevolver first lien
First lien senior secured revolving loan
$5.5M$5.5M
106c
S+425 bp
ARES CAPITAL CORPunstated lien unstatedNot disclosedNot disclosed
ARES STRATEGIC INCOME FUNDunstated lien unstatedNot disclosedNot disclosed
HPS Corporate Lending Fundrevolver first lien
1st Lien Senior Secured Revolving Loan
Not disclosedNot disclosed
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien revolver first lienat least $497M102cS+425 bpDec 20, 20313
first lien term loan first lienat least $208M102cS+425 bpDec 1, 20312
other lien unstatedunknownn/aunstated2
revolver lien unstated
exited Sep 30, 2024
at least $8.0M100cS+550 bpAug 27, 20301
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20263$706M$684M102c0
Mar 31, 20263$208M$208M101c0
Dec 31, 20253$735M$693M102c0
Sep 30, 20253$843M$795M101c0
All 17 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20253$843M$791M100c0
Mar 31, 20253$843M$790M100c0
Dec 31, 20243$1.3B$1.2B100c2
Sep 30, 20247$343M$342M102c0
Jun 30, 20247$382M$381M101c0
Mar 31, 20247$331M$330M102c0
Dec 31, 20237$185M$184M102c0
Sep 30, 20236$178M$177M102c0
Jun 30, 20237$186M$185M102c0
Mar 31, 20236$179M$178M102c0
Dec 31, 20226$179M$179M102c1
Sep 30, 20222$7.5M$7.5M101c0
Dec 31, 20212$29.8M$29.4M99c0
What changed

+25 additional dated changes on this borrower

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

Every change including routine ones
Identity
Group key
MUSIC RIGHTSderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 9 BDCsderived
Capital chain

Global Music Rights, LLC sits on 10 traced paths of capital across the graphs.

PE sponsor to borrower to facility to lenderSponsor to borrower to facility to lender

DFX traced 10 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

53 field-level changes across filed schedules, latest first
  • New positionat $6.0M
    2026-06-30
  • New positionat $5.5M
    2026-06-30
  • Position exited
    2026-06-30

+50 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

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