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.
Borrower
Hamilton Projects Acquiror, LLC
Energy: Electricitygroup grade Aon a schedule nowsponsor unattributed
Also written as: First and
Principal held
at least $49.3M
sum of BDC pieces, a lower bound
Fair value
$49.5M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
9
5 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
May 1, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
5
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $28.1M | 101c | S+250 bp | May 30, 2031 | 4 |
| first lien term loan first lien | at least $21.2M | 100c | S+250 bp | May 30, 2031 | 4 |
| second lien term loan second lien exited Jun 30, 2024 | at least $1.5M | 101c | S+375 bp | May 22, 2031 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Ares Core Infrastructure Fund | term loan first lien First lien senior secured loans | $13.5M | $13.5M 100c | S+250 bp |
| ARES STRATEGIC INCOME FUND | term loan first lien First lien senior secured loan | $7.5M | $7.5M 100c | S+250 bp |
| HPS Corporate Capital Solutions Fund | unstated lien unstated Non-Affiliated Issuer | $9.0M | $9.0M 101c | S+250 bp |
| HPS Corporate Lending Fund | unstated lien unstated Non-Affiliated Issuer | $19.1M | $19.2M 101c | S+250 bp |
| Steele Creek Capital Corp | term loan first lien First Lien - Term Loan | $235,000 | $236,000 100c | 2.50% |
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 | 5 | $49.3M | $49.5M | 100c | 0 |
| Mar 31, 2026 | 6 | $28.4M | $28.5M | 100c | 0 |
| Dec 31, 2025 | 6 | $48.6M | $49.0M | 101c | 0 |
| Sep 30, 2025 | 6 | $49.3M | $49.5M | 100c | 0 |
| Jun 30, 2025 | 6 | $48.8M | $49.0M | 101c | 0 |
| Mar 31, 2025 | 4 | $35.0M | $34.9M | 100c | 0 |
| Dec 31, 2024 | 5 | $94.7M | $95.6M | 102c | 0 |
| Sep 30, 2024 | 5 | $47.2M | $47.5M | 101c | 0 |
| Jun 30, 2024 | 5 | $40.8M | $41.1M | 101c | 0 |
| Mar 31, 2024 | 2 | $56.5M | $56.8M | 107c | 0 |
| Dec 31, 2023 | 3 | $67.7M | $68.1M | 107c | 0 |
| Sep 30, 2023 | 2 | $62.5M | $62.3M | 107c | 0 |
| Jun 30, 2023 | 2 | $65.7M | $61.0M | 100c | 0 |
| Mar 31, 2023 | 1 | $5.1M | $5.0M | 99c | 0 |
| Dec 31, 2022 | 2 | $11.2M | $11.0M | 99c | 0 |
| Dec 31, 2021 | 1 | $5.7M | $5.7M | 100c | 0 |
What changed
- Lender left a facilityMar 31, 2026
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Lender left a facilityDec 31, 2024
- Spread increasedDec 31, 2024
- Maturity extended (observed)Sep 30, 2024
- Spread changed (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- New lender joined a facilityDec 31, 2023
- New lender joined a facilityJun 30, 2023
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- HAMILTON PROJECTSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 9 BDCsderived
- Industry
- Energy: Electricityreportedas one filer wrote it