DFX Intelligence
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Borrower
V•••• A••••••••• L••
group grade Aon a schedule nowsponsor unattributed
Also written as: Structured; V•••• Global Holding Ltd; V•••• Management Holding, Inc
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 102¢ · 102¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it on the first lien term loan, 0 points apart
100¢100¢
Principal held
at least $38.6M
sum of BDC pieces, a lower bound
Fair value
$38.4M
100c on cost, debt pieces
Unfunded
$5.6M
commitments not yet drawn
BDC lenders
4
4 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Apr 1, 2031
no dated debt inside 24 months
On the tape since
Mar 31, 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
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $13.6M | 101¢ | +1 pts |
| B•••••• P•••••• C••••• C••• | $12.3M | 100¢ | new this quarter |
| B•••••• B••• I••• | $8.77M | 100¢ | new this quarter |
| B•••••• C•••••• I••••••••• C••• | $3.97M | 100¢ | new this quarter |
Every BDC piece · 10 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | term loan lien unstated N••••••••• I••••• | $13.6M | $13.7M 101c | S+375 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $12.3M | $12.1M 100c | S+500 bp |
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $8.8M | $8.7M 100c | S+500 bp |
| B•••••• C•••••• I••••••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $4.0M | $3.9M 100c | S+500 bp |
| B•••••• B••• I••• | revolver lien unstated R••••••• | $0 | -$9,000 100c | S+500 bp |
View all 10 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• C•••••• I••••••••• C••• | revolver lien unstated R••••••• | $0 | -$4,000 100c | S+500 bp |
| B•••••• P•••••• C••••• C••• | revolver lien unstated R••••••• | $0 | -$13,000 100c | S+500 bp |
| B•••••• B••• I••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+500 bp |
| B•••••• C•••••• I••••••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+500 bp |
| B•••••• P•••••• C••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+500 bp |
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 $25.0M | 100c | S+500 bp | unstated | 3 |
| term loan lien unstated | at least $13.6M | 101c | S+375 bp | Apr 1, 2031 | 1 |
| revolver lien unstated | at least $0 | n/a | S+500 bp | unstated | 3 |
| delayed draw term loan lien unstated | unknown | n/a | S+500 bp | unstated | 3 |
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 | 4 | $38.6M | $38.4M | 100c | 0 |
| Mar 31, 2026 | 1 | $13.6M | $13.5M | 100c | 0 |
| Dec 31, 2025 | 4 | $17.8M | $18.0M | 102c | 0 |
| Sep 30, 2025 | 1 | $17.8M | $17.9M | 102c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $17.9M | $18.0M | 101c | 0 |
| Mar 31, 2025 | 1 | $0 | $0 | n/a | 0 |
What changed
- New borrower on a BDC scheduleMar 31, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- VISTAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 4 BDCsderived