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.
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Borrower
B••••••••• P•••••••• I••
Insurancegroup grade Aon a schedule nowsponsor unattributed
Also written as: B••••••••• Partners Group LLC; Emerald JV LP; Inc Asset Type; Verdelite JV LP
Principal held
at least $152M
sum of BDC pieces, a lower bound
Fair value
$147M
97c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
16
8 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jun 1, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
1
dated, non-routine
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 $79.3M | 96c | SOFR+250 bp | Jun 13, 2031 | 9 |
| other lien unstated | at least $73.1M | 97c | S+250 bp | Jun 13, 2031 | 5 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• P•••••• C••••• F••• | term loan first lien Asset Type First Lien Term Loan Reference Rate and Spread S + 2.50% Interest Rate 6.16% Ma | $1.1M | $1.0M 97c | SOFR+250 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset Type First Lien Term Loan Reference Rate and Spread S + 2.50% Interest Rate 6.16% Ma | $3.7M | $3.6M 97c | SOFR+250 bp |
| A••• S•••••••• I••••• F••• | term loan first lien First lien senior secured loan | $40.7M | $39.2M 96c | S+250 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated Non-Affiliated Issuer | $24.0M | $23.2M 97c | S+250 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $42.2M | $40.8M 97c | S+250 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $7.0M | $6.8M 97c | S+250 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st Lien/Senior Secured Debt Industry Insurance Interest Rate 6.14% Reference Rate and Spr | $21.1M | $20.4M 96c | SOFR+250 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment First Lien Debt Reference Rate & Spread S + 2.50% Interest Rate 6.14% Maturity | $7.4M | $7.1M 97c | SOFR+250 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien First Lien Debt | $4.5M | $4.4M 97c | S+250 bp |
| S••••• C•••• C•••••• C••• | term loan first lien First Lien - Term Loan | $721,000 | $697,000 97c | 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 | 8 | $152M | $147M | 97c | 0 |
| Mar 31, 2026 | 8 | $149M | $146M | 97c | 0 |
| Dec 31, 2025 | 10 | $186M | $186M | 100c | 0 |
| Sep 30, 2025 | 10 | $169M | $169M | 100c | 0 |
| Jun 30, 2025 | 9 | $154M | $154M | 100c | 0 |
| Mar 31, 2025 | 8 | $140M | $139M | 99c | 0 |
| Dec 31, 2024 | 9 | $220M | $221M | 100c | 0 |
| Sep 30, 2024 | 9 | $102M | $102M | 100c | 0 |
| Jun 30, 2024 | 9 | $87.1M | $86.9M | 100c | 0 |
| Mar 31, 2024 | 5 | $55.4M | $55.5M | 101c | 0 |
| Dec 31, 2023 | 5 | $72.0M | $72.1M | 101c | 0 |
| Sep 30, 2023 | 5 | $42.9M | $42.9M | 101c | 0 |
| Jun 30, 2023 | 4 | $48.1M | $47.7M | 101c | 0 |
| Mar 31, 2023 | 1 | $9.9M | $9.7M | 98c | 0 |
| Dec 31, 2022 | 1 | $18.7M | $18.2M | 99c | 0 |
| Sep 30, 2022 | 1 | $21.8M | $20.7M | 95c | 0 |
| Dec 31, 2021 | 1 | $7.9M | $7.8M | 99c | 0 |
What changed
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- Lender left a facilityJun 30, 2025
- New lender joined a facilityMar 31, 2025
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- Lender left a facilitySep 30, 2024
- Maturity extended (observed)Jun 30, 2024
- New lender joined a facilityJun 30, 2024
- New lender joined a facilityJun 30, 2024
- New lender joined a facilityJun 30, 2024
- New lender joined a facilityJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- New lender joined a facilityJun 30, 2023
- Spread increasedJun 30, 2023
- Maturity extended (observed)Jun 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
- BROADSTREET PARTNERSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 16 BDCsderived
- Industry
- Insurancereportedas one filer wrote it