DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
V•••••
Services: Businessgroup grade Boff every schedule since Jun 30, 2025sponsor unattributed
Also written as: Equity Securities, LP; V••••• Intermediate, LLC
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
102¢ · 102¢ · 101¢ · 102¢ · 101¢Q2 2024 to Q2 2025
Principal held
at least $6.6M
sum of BDC pieces, a lower bound
Fair value
$7.1M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
Sep 4, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2023
latest Jun 30, 2025
Events
8
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A•••• C••••• B•• I••• | $5.11M | 101¢ | 0 pts |
| S•••••••• P•••••• C••••• F••• L•• | $1.45M | 100¢ | -7 pts |
Every BDC piece · 6 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••• C••••• B•• I••• | term loan first lien Investment T••• U••••••••• I•••••• T••• L••• I•••• S+ S••••• 5.00% I••••••• R••• 9.29% A•• | $5.0M | $5.0M 101c | SOFR+500 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N•••••••••, N••••••••• D••• Investments | F•••• L••• S••••• S•••••• | 5/7/2032 | $1.3M | $1.3M 100c | S+500 bp |
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien R•••••••• L••• | N•••••••••, N••••••••• D••• Investments | F•••• L••• S••••• S•••••• | 09- | $138,257 | $137,817 103c | S+400 bp |
| A•••• C••••• B•• I••• | revolver first lien Investment T••• S••••• S•••••• R•••••••• L••• I•••• S+ S••••• 5.00% I••••••• R••• 9.29% A• | $77,735 | $77,735 180c | SOFR+500 bp |
| A•••• C••••• B•• I••• | equity equity Investment T••• LP C••••• U•••• A••••••••• D••• 9/1/2023 | $190 | $555,608 293c |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••• C••••• B•• I••• | revolver first lien S••••• S•••••• R•••••••• L••• M••••••• 9/4/2029 | Not disclosed | Not disclosed | SOFR+500 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2025 | at least $6.3M | 101c | SOFR+500 bp | May 7, 2032 | 2 |
| first lien revolver first lien exited Jun 30, 2025 | at least $215,992 | 122c | SOFR+400 bp | Sep 4, 2029 | 2 |
| first lien delayed draw term loan first lien exited Sep 30, 2024 | unknown | n/a | SOFR+500 bp | Sep 4, 2029 | 1 |
Equity pieces beside the debt: equity ($555,608 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 | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $6.6M | $6.5M | 102c | 0 |
| Mar 31, 2025 | 2 | $5.2M | $5.2M | 102c | 0 |
| Dec 31, 2024 | 2 | $10.5M | $10.5M | 102c | 0 |
| Sep 30, 2024 | 1 | $4.3M | $4.3M | 102c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2024 | 1 | $4.3M | $4.3M | 103c | 0 |
| Mar 31, 2024 | 1 | $4.1M | $4.1M | 103c | 0 |
| Dec 31, 2023 | 1 | $8.2M | $8.0M | 101c | 0 |
| Sep 30, 2023 | 1 | $2.3M | $2.2M | 101c | 0 |
What changed
- Maturity extended (observed)Jun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- Maturity extended (observed)Mar 31, 2025
Full timeline · 11 eventsShow fewer
- New lender joined a facilityDec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Spread changed (observed)Sep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Spread changed (observed)Sep 30, 2024
- New borrower on a BDC scheduleSep 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- VORTEXderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 2 BDCsderived
- Industry
- Services: Businessreportedas one filer wrote it