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
R•••• N••••••••• B••
Diversified Financial Institutions & Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Zinnia Corporate Holdings, LLC
What matters now
- 100¢ → 107¢consensus mark
Consensus mark 107¢ on cost, up from 100¢ a year ago, 107¢ last quarter.
Q1 2026 · The lenders' own valuations moved back up.
Derived1 of 1 lender' own marks, weighted by principal
Mark path, consensus per quarter end
100¢ · 104¢ · 105¢ · 107¢ · 107¢Q1 2025 to Q1 2026
Principal held
at least $48.5M
sum of BDC pieces, a lower bound
Fair value
$47.4M
107c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Sep 13, 2030
no dated debt inside 24 months
On the tape since
Mar 31, 2025
latest Mar 31, 2026
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| V•••• C••••• S•••••••• L•••••• C•••• | $48.5M | 107¢ | 0 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| V•••• C••••• S•••••••• L•••••• C•••• | term loan first lien F••••••••• D••• R•••••••• R••• and S••••• S••• + 9.00% (9.00% PIK) I••••••• R••• 12.64% M• | $48.5M | $47.4M 107c | SOFR+900 bp PIK 9.00% |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2026 | at least $48.5M | 107c | SOFR+900 bp PIK 9.00% | Sep 13, 2030 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2026 | 1 | $48.5M | $47.4M | 107c | 1 |
| Dec 31, 2025 | 1 | $45.7M | $44.1M | 107c | 1 |
| Sep 30, 2025 | 1 | $30.7M | $29.0M | 105c | 0 |
| Jun 30, 2025 | 1 | $30.7M | $28.7M | 104c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2025 | 1 | $30.7M | $27.5M | 100c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2026
- PIK interest appearsDec 31, 2025
- Spread changed (observed)Dec 31, 2025
- PIK interest appearsDec 31, 2025
- 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
- RAPYD NETHERLANDSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Diversified Financial Institutions & Servicesreportedas one filer wrote it