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.
Facility
Keystone Agency Partners LLC other
Principal held
at least $138M
sum of BDC pieces, a lower bound
Fair value
$138M
100c on cost
Unfunded
$27.2M
pieces' unfunded commitments
Pricing
S+430 bp
floor 0.80%
PIK
none stated
Maturity
Aug 1, 2032
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Lenders
3 holding
2 exited · 0 named on a deal
On the tape
11 quarters
Dec 31, 2023 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 |
|---|---|---|---|---|---|
| ARES CAPITAL CORP ARES CAPITAL MANAGEMENT LLC | exited | n/a | n/a | Dec 31, 2023 to Jun 30, 2025 | |
| ARES STRATEGIC INCOME FUND ARES CAPITAL MANAGEMENT LLC | exited | n/a | n/a | Dec 31, 2023 to Jun 30, 2025 | |
| KKR FS Income Trust FS/KKR ADVISOR, LLC | held · 6 pieces | $58.0M | $57.7M 100c | 430 bp | Sep 30, 2025 to Jun 30, 2026 |
| FS KKR Capital Corp FS/KKR ADVISOR, LLC | held · 6 pieces | $45.6M | $45.4M 100c | 430 bp | Sep 30, 2025 to Jun 30, 2026 |
| KKR FS Income Trust Select FS/KKR ADVISOR, LLC | held · 6 pieces | $34.7M | $34.5M 100c | 430 bp | Sep 30, 2025 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 | 3 | $138M | 100c | 430 bp | Aug 1, 2032 | |
| Mar 31, 2026 | 3 | $138M | 100c | 430 bp | Aug 1, 2032 | |
| Dec 31, 2025 | 3 | $138M | 100c | 450 bp | Aug 1, 2032 | |
| Sep 30, 2025 | 3 | $129M | 100c | 450 bp | Aug 1, 2032 | |
| Jun 30, 2025 | 2 | n/a | n/a | |||
| Mar 31, 2025 | 2 | n/a | n/a | |||
| Dec 31, 2024 | 2 | n/a | n/a | |||
| Sep 30, 2024 | 2 | n/a | n/a | |||
| Jun 30, 2024 | 2 | n/a | n/a | |||
| Mar 31, 2024 | 2 | n/a | n/a | |||
| Dec 31, 2023 | 2 | n/a | n/a |
What changed on this facility
position and facility grain, including routine
- New lender joined a facility Sep 30, 2025KKR FS Income Trust joins Keystone Agency Partners LLC other (unknown) held by 4 other BDCs
- New lender joined a facility Sep 30, 2025FS KKR Capital Corp joins Keystone Agency Partners LLC other (unknown) held by 4 other BDCs
- New lender joined a facility Sep 30, 2025KKR FS Income Trust Select joins Keystone Agency Partners LLC other (unknown) held by 4 other BDCs
- Lender left a facility Jun 30, 2025ARES CAPITAL CORP no longer holds Keystone Agency Partners LLC other after 2025-06-30; 3 BDC(s) still hold it
- Lender left a facility Jun 30, 2025ARES STRATEGIC INCOME FUND no longer holds Keystone Agency Partners LLC other after 2025-06-30; 3 BDC(s) still hold it
Other pieces of this borrower's structure
- first lien term loanexited Jun 30, 2025at least $111M
- term loanexited Sep 30, 2022at least $3.2M
- first lien revolverexited Dec 31, 2024at least $158,800
- first lien delayed draw term loanexited Jun 30, 2025at least $147,895
- first lien term loanexited Nov 4, 2025unknown
How this facility is known
- Grain
- Keystone Agency Partners LLC x otherderivedborrower group x kind x lien; tranches with different maturities sit under it
- Size
- lower bound: sum of BDC piecesderived
- Sponsor basis
- the sponsor's own portfolio page lists a company of this namederived
- Status
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported