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
A••••••••• I•• first lien term loan
first lienheld todayReal Estate Management & Development
Principal held
at least $1.4B
sum of BDC pieces, a lower bound
Fair value
$1.4B
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+650 bp
pieces from 600 bp to 650 bp
PIK
14.25%
paid in kind, the highest piece
Maturity
May 3, 2030
html_schedule
Lenders
20 holding
3 exited · 0 named on a deal
On the tape
17 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 |
|---|---|---|---|---|---|
| B••• O•• C•••••• C••• I•• B••• Owl Credit Advisers | dormant | $95.2M | $95.2M 100c | 650 bp | Dec 31, 2022 to Sep 30, 2024 |
| B••• O•• T••••••••• F•••••• C•••• I• BLUE OWL TECHNOLOGY CREDIT ADVISORS II LLC | dormant | $51.1M | $51.1M 100c | 650 bp | Jun 30, 2024 to Dec 31, 2024 |
| C•••••• S•••••• L•••••• I•• CSL III ADVISOR, LLC | dormant | $6.6M | $6.6M 101c | 650 bp | Dec 31, 2022 to Sep 30, 2024 |
| N•• M••••••• G••••••• I•• B••• L••••• New M••••••• Finance Advisers BDC, L.L.C | exited · 7 pieces | $34.2M | $33.3M 100c | 650 bp | Dec 31, 2022 to Mar 31, 2024 |
| B••• O•• C•••••• C••• I• BLUE OWL CREDIT ADVISORS LLC | exited | $17.0M | $17.0M 100c | 650 bp | Dec 31, 2022 to Mar 31, 2026 |
| A••••• D••• S•••••••• B•• APOLLO CREDIT MANAGEMENT, LLC | exited · 2 pieces | $16.3M | $16.2M | 625 bp | Dec 31, 2022 to Mar 31, 2023 |
| B••• O•• C••••• I••••• C•••• BLUE OWL CREDIT ADVISORS LLC | held | $573M | $573M 100c | 650 bp | Dec 31, 2022 to Jun 30, 2026 |
| B••• O•• C•••••• C••• BLUE OWL CREDIT ADVISORS LLC | held | $318M | $318M 100c | 650 bp | Dec 31, 2021 to Jun 30, 2026 |
| B••• O•• T••••••••• F•••••• C•••• BLUE OWL TECHNOLOGY CREDIT ADVISORS LLC | held | $149M | $149M 100c | 650 bp | Jun 30, 2024 to Jun 30, 2026 |
| B••• O•• T••••••••• I••••• C•••• BLUE OWL TECHNOLOGY CREDIT ADVISORS II LLC | held | $76.9M | $76.9M 100c | 650 bp | Dec 31, 2022 to Jun 30, 2026 |
| K•••••• L•••• C•••••• C• KENNEDY LEWIS CAPITAL HOLDINGS LLC | held · 3 pieces | $56.3M | $51.4M 100c | 650 bp | Jun 30, 2026 to Jun 30, 2026 |
| N•• M••••••• F•••••• C••• NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 4 pieces | $36.8M | $31.9M 100c | 650 bp | Dec 31, 2021 to Jun 30, 2026 |
| N•• M••••••• G••••••• I• B••• L••••• NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 2 pieces | $28.1M | $28.1M 100c | 650 bp | Dec 31, 2023 to Jun 30, 2026 |
| N•• S•• I• I••• NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 4 pieces | $23.8M | $21.7M 100c | 650 bp | Dec 31, 2022 to Jun 30, 2026 |
| N•• M••••••• P•••••• C••••• F••• NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 6 pieces | $20.7M | $18.5M 100c | 650 bp | Dec 31, 2023 to Jun 30, 2026 |
| C•••••• S•••••• L••••••• I••• CARLYLE GLOBAL CREDIT INVESTMENT MANAGEMENT L.L.C. | held | $20.1M | $20.1M 100c | 650 bp | Dec 31, 2021 to Jun 30, 2026 |
| S•••••••• P•••••• C••••• F••• L•• STEPSTONE GROUP PRIVATE DEBT LLC | held · 3 pieces | $18.3M | $18.3M 100c | 650 bp | Sep 30, 2023 to Jun 30, 2026 |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• OHA PRIVATE CREDIT ADVISORS LLC | held · 5 pieces | $17.4M | $16.2M 100c | 650 bp | Dec 31, 2025 to Jun 30, 2026 |
| C•••••• C••••• S••••••••• I••• CARLYLE GLOBAL CREDIT INVESTMENT MANAGEMENT L.L.C. | held | $16.0M | $16.0M 100c | 650 bp | Dec 31, 2022 to Jun 30, 2026 |
| M••••• S•••••• D••••• L•••••• F••• MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $11.2M | $11.2M 100c | 650 bp | Jun 30, 2024 to Jun 30, 2026 |
| N•••• H•••• P•••••• I••••• F••• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $11.2M | $11.2M 100c | 650 bp | Dec 31, 2024 to Jun 30, 2026 |
| N•• M••••••• G••••••• I• I••••• F•••• L••••• NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 2 pieces | $8.0M | $8.0M 100c | 650 bp | Dec 31, 2023 to Jun 30, 2026 |
| O•• S••••• P•••••• L•••••• F••• •• L•• OHA PRIVATE CREDIT ADVISORS II, L.P. | held · 5 pieces | $6.4M | $6.0M 100c | 650 bp | Dec 31, 2025 to Jun 30, 2026 |
| T• S••••• B•• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $2.7M | $2.7M 100c | 650 bp | Dec 31, 2024 to Jun 30, 2026 |
| L••• P•••••• C••••• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $894,000 | $894,000 100c | 650 bp | Jun 30, 2024 to Jun 30, 2026 |
| N•••• H•••• P•••••• I••••• F••• A• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $894,000 | $894,000 100c | 650 bp | Dec 31, 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 | 20 | $1.4B | 100c | 650 bp | 14.25% | May 3, 2030 |
| Mar 31, 2026 | 18 | $1.4B | 100c | 650 bp | Jul 3, 2028 | |
| Dec 31, 2025 | 20 | $1.6B | 100c | 650 bp | 14.25% | Jul 3, 2028 |
| Sep 30, 2025 | 17 | $950M | 100c | 650 bp | 2.50% | Jul 3, 2028 |
| Jun 30, 2025 | 12 | $704M | 100c | 650 bp | 2.50% | Jul 2, 2028 |
| Mar 31, 2025 | 12 | $720M | 100c | 650 bp | Jul 2, 2028 | |
| Dec 31, 2024 | 18 | $2.3B | 100c | 650 bp | Jul 3, 2028 | |
| Sep 30, 2024 | 17 | $1.2B | 100c | 650 bp | 2.50% | Jul 2, 2028 |
| Jun 30, 2024 | 17 | $1.2B | 100c | 650 bp | 2.50% | Jul 2, 2028 |
| Mar 31, 2024 | 14 | $842M | 101c | 400 bp | 6.50% | Jul 2, 2027 |
| Dec 31, 2023 | 15 | $1.3B | 100c | 400 bp | 4.00% | Jul 2, 2027 |
| Sep 30, 2023 | 11 | $417M | 100c | 400 bp | 2.50% | Jul 2, 2027 |
| Jun 30, 2023 | 11 | $785M | 100c | 400 bp | 2.50% | Jul 2, 2027 |
| Mar 31, 2023 | 12 | $824M | 103c | 400 bp | 2.50% | Jul 2, 2027 |
| Dec 31, 2022 | 12 | $897M | 100c | 400 bp | 2.50% | Jul 2, 2027 |
| Sep 30, 2022 | 3 | $463M | 100c | 400 bp | 2.50% | Jul 2, 2027 |
| Dec 31, 2021 | 3 | $524M | 100c | 400 bp | 2.50% | Jul 2, 2027 |
What changed on this facility
position and facility grain, including routine
- Maturity extended (observed) Jun 30, 2026A••••••••• I•• term loan: maturity moved from 2028-07-03 to 2030-05-03
- New lender joined a facility Jun 30, 2026K•••••• L•••• C•••••• C• joins A••••••••• I•• term loan (first lien) held by 20 other BDCs
- Lender left a facility Mar 31, 2026B••• O•• C•••••• C••• I• no longer holds A••••••••• I•• term loan after 2026-03-31; 20 BDC(s) still hold it
- New lender joined a facility Dec 31, 2025T• R••• P•••• O•• S••••• P•••••• C••••• F••• joins A••••••••• I•• term loan (first lien) held by 19 other BDCs
- New lender joined a facility Dec 31, 2025O•• S••••• P•••••• L•••••• F••• •• L•• joins A••••••••• I•• term loan (first lien) held by 19 other BDCs
- PIK interest appears Jun 30, 2025A••••••••• I•• term loan: PIK interest of 2.50% appears (was cash pay)
- New lender joined a facility Dec 31, 2024N•••• H•••• P•••••• I••••• F••• L•• joins A••••••••• I•• term loan (first lien) held by 20 other BDCs
- New lender joined a facility Dec 31, 2024T• S••••• B•• L•• joins A••••••••• I•• term loan (first lien) held by 20 other BDCs
- New lender joined a facility Dec 31, 2024N•••• H•••• P•••••• I••••• F••• A• L•• joins A••••••••• I•• term loan (first lien) held by 20 other BDCs
- Spread changed (observed) Jun 30, 2024A••••••••• I•• term loan: spread moved from 4.00% to 6.50%
- Maturity extended (observed) Jun 30, 2024A••••••••• I•• term loan: maturity moved from 2027-07-02 to 2028-07-02
- New lender joined a facility Jun 30, 2024B••• O•• T••••••••• F•••••• C•••• joins A••••••••• I•• term loan (first lien) held by 18 other BDCs
- New lender joined a facility Jun 30, 2024B••• O•• T••••••••• F•••••• C•••• I• joins A••••••••• I•• term loan (first lien) held by 18 other BDCs
- New lender joined a facility Jun 30, 2024M••••• S•••••• D••••• L•••••• F••• joins A••••••••• I•• term loan (first lien) held by 18 other BDCs
- New lender joined a facility Jun 30, 2024L••• P•••••• C••••• L•• joins A••••••••• I•• term loan (first lien) held by 18 other BDCs
- PIK interest increased Mar 31, 2024A••••••••• I•• term loan: PIK interest rose from 4.00% to 6.50%
- Lender left a facility Mar 31, 2024N•• M••••••• G••••••• I•• B••• L••••• no longer holds A••••••••• I•• term loan after 2024-03-31; 20 BDC(s) still hold it
- PIK interest increased Dec 31, 2023A••••••••• I•• term loan: PIK interest rose from 2.50% to 4.00%
- New lender joined a facility Dec 31, 2023N•• M••••••• G••••••• I• B••• L••••• joins A••••••••• I•• term loan (first lien) held by 14 other BDCs
- New lender joined a facility Dec 31, 2023N•• M••••••• G••••••• I• I••••• F•••• L••••• joins A••••••••• I•• term loan (first lien) held by 14 other BDCs
- Lender left a facility Mar 31, 2023A••••• D••• S•••••••• B•• no longer holds A••••••••• I•• term loan after 2023-03-31; 20 BDC(s) still hold it
- New lender joined a facility Dec 31, 2022B••• O•• C••••• I••••• C•••• joins A••••••••• I•• term loan (first lien) held by 11 other BDCs
- New lender joined a facility Dec 31, 2022B••• O•• C•••••• C••• I•• joins A••••••••• I•• term loan (first lien) held by 11 other BDCs
- New lender joined a facility Dec 31, 2022B••• O•• T••••••••• I••••• C•••• joins A••••••••• I•• term loan (first lien) held by 11 other BDCs
- New lender joined a facility Dec 31, 2022B••• O•• C•••••• C••• I• joins A••••••••• I•• term loan (first lien) held by 11 other BDCs
Other pieces of this borrower's structure
- at least $104M
- at least $29.1M
- at least $13.6M
- at least $608,000
- at least $0
- unknown
- unknown
- unknown
- unknown
How this facility is known
- Grain
- A••••••••• 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
- Status
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported