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
S•••• H•••••••• I••
group grade Aon a schedule nowsponsor unattributed
Also written as: 000; 860; In; Inc. (300; Inc. (41; Inc. (600; Inc. 1; Inc. 2
What matters now
- 98¢ → 93¢consensus mark
Consensus mark 93¢ on cost, down from 98¢ a year ago, 91¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived1 of 1 lender' own marks, weighted by principal
Mark path, consensus per quarter end
98¢ · 96¢ · 93¢ · 91¢ · 93¢Q2 2025 to Q2 2026
Principal held
at least $5.0M
sum of BDC pieces, a lower bound
Fair value
$4.2M
93c on cost, debt pieces
Unfunded
$266,000
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
3
2 equity pieces beside them
Next maturity
Jun 15, 2029
no dated debt inside 24 months
On the tape since
Jun 30, 2023
latest Jun 30, 2026
Events
3
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 |
|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | $4.99M | 93¢ | +2 pts |
Every BDC piece · 7 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $3.0M | $2.7M 93c | S+625 bp PIK 4.25% |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $680,000 | $606,000 92c | S+625 bp PIK 4.25% |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $665,000 | $593,000 92c | S+625 bp PIK 4.25% |
| M••••• C•••••• I••••• P••• C••• | revolver first lien R•••••••) | S••••• S•••••• L•••• | $614,000 | $307,000 91c | S+575 bp |
| M••••• C•••••• I••••• P••• C••• | preferred equity equity Series A preferred units) | Equity S••••••••• | $0 | $0 0c |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | equity equity C••••• units) | Equity S••••••••• | $0 | $0 0c | |
| M••••• C•••••• I••••• P••• C••• | revolver first lien R•••••••) | Not disclosed | Not disclosed |
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 $4.4M | 93c | S+625 bp PIK 4.25% | Jun 25, 2029 | 2 |
| first lien revolver first lien | at least $614,000 | 91c | S+575 bp | Jun 15, 2029 | 2 |
| first lien delayed draw term loan first lien exited Jun 30, 2025 | at least $867,000 | n/a | S+575 bp | Jun 25, 2029 | 2 |
Equity pieces beside the debt: preferred equity ($0 fair value, 2 BDCs), equity ($0 fair value, 2 BDCs)
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 | 1 | $5.0M | $4.2M | 93c | 3 |
| Mar 31, 2026 | 1 | $3.3M | $2.8M | 91c | 3 |
| Dec 31, 2025 | 2 | $4.9M | $4.3M | 93c | 6 |
| Sep 30, 2025 | 2 | $4.9M | $4.3M | 96c | 0 |
All 13 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $5.7M | $4.4M | 98c | 0 |
| Mar 31, 2025 | 2 | $5.7M | $4.4M | 101c | 0 |
| Dec 31, 2024 | 2 | $16.6M | $13.3M | 103c | 0 |
| Sep 30, 2024 | 2 | $5.8M | $4.3M | 103c | 0 |
| Jun 30, 2024 | 2 | $5.8M | $4.3M | 102c | 0 |
| Mar 31, 2024 | 2 | $4.3M | $3.2M | 104c | 0 |
| Dec 31, 2023 | 2 | $8.4M | $5.1M | 105c | 0 |
| Sep 30, 2023 | 2 | $4.3M | $3.3M | 103c | 0 |
| Jun 30, 2023 | 2 | $4.3M | $3.2M | 100c | 0 |
What changed
- PIK interest appearsDec 31, 2025
- Spread increasedDec 31, 2025
- Spread increasedDec 31, 2025
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
Full timeline · 7 eventsShow fewer
- Facility left every BDC scheduleJun 30, 2025
- New borrower on a BDC scheduleJun 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
- SPARQderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived