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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Facility

E•••••• H•••••••• I•• first lien term loan

first lienheld todaySoftwaresponsor V•••••• C•••••• L•• inferred
Principal held
at least $448M
sum of BDC pieces, a lower bound
Fair value
$426M
99c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+450 bp
modal across pieces
PIK
none stated
Maturity
Dec 20, 2032
tagged by the filer
Lenders
15 holding
2 exited · 0 named on a deal
On the tape
4 quarters
Sep 30, 2025 to Jun 30, 2026
Lender group
every BDC that holds or held a piece; each row is that lender's own figures
LenderStatusPrincipalFair valueSpreadHeld
J•••••••• C••••• P••••••• B•• I•••
JEFFERIES CREDIT MANAGEMENT LLC
exited$18.0M$17.9M
100c
450 bpDec 31, 2025 to Mar 31, 2026
S••••• C••••• I••••••••• L••
JEFFERIES CREDIT MANAGEMENT LLC
exited$4.6M$4.5M
100c
450 bpDec 31, 2025 to Mar 31, 2026
G•••••• S•••• P•••••• C••••• C••••
G•••••• S•••• Asset Management, L.P
held · 3 pieces$106M$95.0M
99c
450 bpSep 30, 2025 to Jun 30, 2026
A••• S•••••••• I••••• F•••
A••• CAPITAL MANAGEMENT LLC
held$86.7M$84.9M
98c
450 bpDec 31, 2025 to Jun 30, 2026
A••• C•••••• C•••
A••• CAPITAL MANAGEMENT LLC
held$80.9M$79.2M
98c
450 bpDec 31, 2025 to Jun 30, 2026
A•••••• S•••••••• C••••• F•••
ANTA••• CAPITAL CREDIT ADVISERS LLC
held$42.5M$41.8M
99c
450 bpDec 31, 2025 to Jun 30, 2026
A•• P•••••• C••••• I••••• F•••
AGL US DL MANAGEMENT LLC
held$36.7M$36.4M
99c
450 bpDec 31, 2025 to Jun 30, 2026
G•••• C•••••• B•• 4• I•••
GC ADVISORS LLC
held · 3 pieces$33.0M$32.8M
100c
450 bpDec 31, 2025 to Jun 30, 2026
W••• B•• B•• L••
G•••••• S•••• Asset Management, L.P
held · 3 pieces$26.1M$21.3M
98c
450 bpSep 30, 2025 to Jun 30, 2026
A•••••• P•••••• C••••• F•••
ANTA••• CAPITAL CREDIT ADVISERS LLC
held$11.6M$11.4M
99c
450 bpDec 31, 2025 to Jun 30, 2026
P••••• S••••• C•••••• B•• I•••
PALMER SQUARE BDC ADVISOR LLC
held$8.4M$8.2M
98c
450 bpDec 31, 2025 to Jun 30, 2026
G•••• C•••••• P•••••• C••••• F•••
GC ADVISORS LLC
held · 3 pieces$8.1M$8.0M
100c
450 bpDec 31, 2025 to Jun 30, 2026
G•••••• S•••• B••• I•••
G•••••• S•••• Asset Management, L.P
held · 3 pieces$4.7M$3.8M
98c
450 bpSep 30, 2025 to Jun 30, 2026
A•••••• S•••••••• C••••• F••• I• L••
ANTA••• CAPITAL CREDIT ADVISERS LLC
held$1.5M$1.5M
99c
450 bpDec 31, 2025 to Jun 30, 2026
G•••• C•••••• B••• I•••
GC ADVISORS LLC
held · 3 pieces$875,000$871,000
100c
450 bpDec 31, 2025 to Jun 30, 2026
G•••• C•••••• D••••• L•••••• C•••
GC ADVISORS LLC
held · 3 pieces$619,000$616,000
100c
450 bpDec 31, 2025 to Jun 30, 2026
G•••• C•••••• D••••• L•••••• U•••••••• C•••
GC ADVISORS LLC
held · 3 pieces$294,000$293,000
100c
450 bpDec 31, 2025 to Jun 30, 2026
Facility through time
pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Jun 30, 202615$448M99c450 bpDec 20, 2032
Mar 31, 202617$430M99c450 bpDec 20, 2032
Dec 31, 202517$404M100c450 bpDec 20, 2032
Sep 30, 20253$99.7Mn/a450 bpAug 19, 2032
What changed on this facility
position and facility grain, including routine
  • Lender left a facility Mar 31, 2026
    J•••••••• C••••• P••••••• B•• I••• no longer holds E•••••• H•••••••• I•• term loan after 2026-03-31; 15 BDC(s) still hold it
  • Lender left a facility Mar 31, 2026
    S••••• C••••• I••••••••• L•• no longer holds E•••••• H•••••••• I•• term loan after 2026-03-31; 15 BDC(s) still hold it
  • Maturity extended (observed) Dec 31, 2025
    E•••••• H•••••••• I•• term loan: maturity moved from 2032-08-19 to 2032-12-20
  • New lender joined a facility Dec 31, 2025
    A••• S•••••••• I••••• F••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    A••• C•••••• C••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    A•••••• S•••••••• C••••• F••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    A•• P•••••• C••••• I••••• F••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    G•••• C•••••• B•• 4• I••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    J•••••••• C••••• P••••••• B•• I••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    A•••••• P•••••• C••••• F••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    P••••• S••••• C•••••• B•• I••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    G•••• C•••••• P•••••• C••••• F••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    S••••• C••••• I••••••••• L•• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    A•••••• S•••••••• C••••• F••• I• L•• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    G•••• C•••••• B••• I••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    G•••• C•••••• D••••• L•••••• C••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
  • New lender joined a facility Dec 31, 2025
    G•••• C•••••• D••••• L•••••• U•••••••• C••• joins E•••••• H•••••••• I•• term loan (first lien) held by 16 other BDCs
Other pieces of this borrower's structure
How this facility is known
Grain
E•••••• H•••••••• I•• x first lien term loanderivedborrower group x kind x lien; tranches with different maturities sit under it
Size
lower bound: sum of BDC piecesderived
Sponsor basis
Form D signer consensus, grade Bestimated
Status
unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
Origin
bdc tapereported