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
R•• T•• I••••••••• H•••••••• I•• first lien revolver
first lienheld todayProfessional Services
Principal held
at least $0
sum of BDC pieces, a lower bound
Fair value
$-35,112
n/a on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+500 bp
pieces from 50 bp to 500 bp
PIK
none stated
Maturity
May 30, 2031
tagged by the filer
Lenders
3 holding
1 exited · 0 named on a deal
On the tape
16 quarters
Dec 31, 2021 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 |
|---|---|---|---|---|---|
| F••••••• B•• L•••••• C••• FRANKLIN BSP LENDING ADVISER, L.L.C. | dormant · 3 pieces | $29.1M | $29.1M 101c | 650 bp | Dec 31, 2021 to Sep 30, 2023 |
| F••••••• B•• C•••••• C••• FRANKLIN BSP CAPITAL ADVISER LLC | exited · 3 pieces | $49.0M | $49.0M 100c | 550 bp | Mar 31, 2024 to Dec 31, 2024 |
| A• P•••••• L•••••• F••• AB PRIVATE CREDIT INVESTORS LLC | held | $0 | $-727 | 500 bp | Jun 30, 2024 to Jun 30, 2026 |
| A• P•••••• C••••• I•••••••• C••• AB PRIVATE CREDIT INVESTORS LLC | held | $0 | $-18,385 149c | 500 bp | Dec 31, 2022 to Jun 30, 2026 |
| S•••••••• P•••••• C••••• F••• L•• STEPSTONE GROUP PRIVATE DEBT LLC | held | $0 | $-16,000 145c | 50 bp | Dec 31, 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 | $0 | n/a | 500 bp | May 30, 2031 | |
| Mar 31, 2026 | 3 | $0 | n/a | 475 bp | May 30, 2031 | |
| Dec 31, 2025 | 3 | $0 | n/a | 475 bp | May 30, 2031 | |
| Sep 30, 2025 | 2 | $0 | n/a | 575 bp | Dec 1, 2027 | |
| Jun 30, 2025 | 2 | $0 | n/a | 500 bp | Dec 1, 2027 | |
| Mar 31, 2025 | 2 | $0 | n/a | 500 bp | Dec 1, 2027 | |
| Dec 31, 2024 | 3 | $49.0M | 100c | 550 bp | Dec 1, 2027 | |
| Sep 30, 2024 | 3 | $24.5M | 100c | 575 bp | Dec 1, 2027 | |
| Jun 30, 2024 | 3 | $24.6M | 100c | 550 bp | Dec 1, 2027 | |
| Mar 31, 2024 | 2 | $0 | n/a | 550 bp | Dec 1, 2027 | |
| Dec 31, 2023 | 1 | $0 | n/a | 550 bp | Dec 1, 2027 | |
| Sep 30, 2023 | 2 | $29.6M | 101c | 650 bp | Dec 1, 2027 | |
| Jun 30, 2023 | 1 | $29.0M | 101c | 650 bp | Jun 19, 2025 | |
| Mar 31, 2023 | 1 | $28.9M | 101c | 650 bp | Jun 19, 2025 | |
| Dec 31, 2022 | 2 | $605,094 | 94c | 650 bp | Dec 1, 2027 | |
| Dec 31, 2021 | 1 | n/a | n/a |
What changed on this facility
position and facility grain, including routine
- Spread changed (observed) Dec 31, 2025R•• T•• I••••••••• H•••••••• I•• revolver: spread moved from 5.75% to 4.75%
- New lender joined a facility Dec 31, 2025S•••••••• P•••••• C••••• F••• L•• joins R•• T•• I••••••••• H•••••••• I•• revolver (first lien) held by 2 other BDCs
- Maturity extended (observed) Dec 31, 2025R•• T•• I••••••••• H•••••••• I•• revolver: maturity moved from 2027-12-01 to 2031-05-30
- Spread changed (observed) Sep 30, 2025R•• T•• I••••••••• H•••••••• I•• revolver: spread moved from 5.00% to 5.75%
- Spread changed (observed) Dec 31, 2024R•• T•• I••••••••• H•••••••• I•• revolver: spread moved from 5.75% to 5.00%
- Lender left a facility Dec 31, 2024F••••••• B•• C•••••• C••• no longer holds R•• T•• I••••••••• H•••••••• I•• revolver after 2024-12-31; 3 BDC(s) still hold it
- New lender joined a facility Mar 31, 2024F••••••• B•• C•••••• C••• joins R•• T•• I••••••••• H•••••••• I•• revolver (first lien) held by 1 other BDC
- Spread changed (observed) Dec 31, 2023R•• T•• I••••••••• H•••••••• I•• revolver: spread moved from 6.50% to 5.50%
- Maturity extended (observed) Sep 30, 2023R•• T•• I••••••••• H•••••••• I•• revolver: maturity moved from 2025-06-19 to 2027-12-01
- Mark recovered Mar 31, 2023R•• T•• I••••••••• H•••••••• I•• revolver: marked from 94 to 101 cents on cost
Other pieces of this borrower's structure
- at least $43.4M
- otherexited Mar 31, 2025at least $24.4M
- $109,528
How this facility is known
- Grain
- R•• T•• I••••••••• H•••••••• I•• x first lien revolverderivedborrower 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