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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Facility
Z••••• C•••••••• H•••••••• L•• first lien term loan
first lienheld todayApplication Software
Principal held
at least $40.0M
sum of BDC pieces, a lower bound
Fair value
$39.6M
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+650 bp
floor 7.50%
PIK
none stated
Maturity
Sep 21, 2029
tagged by the filer
Lenders
1 holding
2 exited · 0 named on a deal
On the tape
8 quarters
Sep 30, 2024 to Jun 30, 2026
Lender group
every BDC that holds or held a piece; each row is that lender's own figures
| Lender | Status | Principal | Fair value | Spread | Held |
|---|---|---|---|---|---|
| V•••• C••••• S•••••••• L•••••• C•••• V•••• CREDIT BDC MANAGEMENT, L.P. | exited | $26.5M | $26.2M 101c | 650 bp | Dec 31, 2024 to Mar 31, 2026 |
| M••••• F•••••••• I••••••••• C••• APOLLO INVESTMENT MANAGEMENT, L.P. | exited | $17.6M | $17.3M 100c | 800 bp | Sep 30, 2024 to Dec 31, 2024 |
| R••••• G••••• F•••••• C•••• RUNWAY GROWTH CAPITAL LLC | held | $40.0M | $39.6M 100c | 650 bp | Sep 30, 2024 to Jun 30, 2026 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $40.0M | 100c | 650 bp | Sep 21, 2029 | |
| Mar 31, 2026 | 2 | $66.5M | 101c | 650 bp | Sep 21, 2029 | |
| Dec 31, 2025 | 2 | $66.5M | 102c | 600 bp | Sep 21, 2029 | |
| Sep 30, 2025 | 2 | $66.5M | 102c | 550 bp | Sep 21, 2029 | |
| Jun 30, 2025 | 2 | $66.5M | 101c | 800 bp | Sep 21, 2029 | |
| Mar 31, 2025 | 1 | $40.0M | 100c | 800 bp | Sep 21, 2029 | |
| Dec 31, 2024 | 3 | $84.1M | 100c | 800 bp | Sep 23, 2029 | |
| Sep 30, 2024 | 2 | $57.6M | 100c | 800 bp | Sep 23, 2029 |
What changed on this facility
position and facility grain, including routine
- Spread changed (observed) Mar 31, 2026Z••••• C•••••••• H•••••••• L•• term loan: spread moved from 6.00% to 6.50%
- Lender left a facility Mar 31, 2026V•••• C••••• S•••••••• L•••••• C•••• no longer holds Z••••• C•••••••• H•••••••• L•• term loan after 2026-03-31; 1 BDC(s) still hold it
- Spread changed (observed) Sep 30, 2025Z••••• C•••••••• H•••••••• L•• term loan: spread moved from 8.00% to 5.50%
- New lender joined a facility Dec 31, 2024V•••• C••••• S•••••••• L•••••• C•••• joins Z••••• C•••••••• H•••••••• L•• term loan (first lien) held by 2 other BDCs
- Lender left a facility Dec 31, 2024M••••• F•••••••• I••••••••• C••• no longer holds Z••••• C•••••••• H•••••••• L•• term loan after 2024-12-31; 1 BDC(s) still hold it
Other pieces of this borrower's structure
- unknown
- otherexited Mar 31, 2025at least $26.5M
- first lien delayed draw term loanexited Dec 31, 2024unknown
How this facility is known
- Grain
- Z••••• C•••••••• H•••••••• L•• x first lien term loanderivedborrower group x kind x lien; tranches with different maturities sit under it
- Size
- lower bound: sum of BDC piecesderived
- Status
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported