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.
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Facility
A•••••••• P••••••• L•• first lien term loan
first lienheld todayProfessional Services
Principal held
at least $219M
sum of BDC pieces, a lower bound
Fair value
$218M
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+500 bp
floor 1.00%
PIK
none stated
Maturity
Nov 17, 2031
tagged by the filer
Lenders
10 holding
5 exited · 0 named on a deal
On the tape
15 quarters
Dec 31, 2022 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•••••••• C•••••• I••••••••• C••• BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | dormant | $4.8M | $4.8M 103c | 600 bp | Dec 31, 2022 to Dec 31, 2023 |
| L•••• R•••• F•••••• C•••• MOUNT LOGAN MANAGEMENT | dormant | $2.6M | $2.6M 101c | 525 bp | Dec 31, 2022 to Mar 31, 2025 |
| B•••••••• P•••••• C••••• F••• BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | exited | $19.0M | $19.0M 100c | 500 bp | Dec 31, 2022 to Sep 30, 2025 |
| S•••••••• P•••••• C••••• F••• L•• STEPSTONE GROUP PRIVATE DEBT LLC | exited · 3 pieces | $10.9M | $10.8M 100c | 500 bp | Sep 30, 2023 to Mar 31, 2026 |
| B•••••••• T•• C•••••• C•••• TENNENBAUM CAPITAL PARTNERS, LLC | exited | $5.9M | $5.9M 100c | 500 bp | Dec 31, 2022 to Sep 30, 2025 |
| B•• I••••••••• C••• SIERRA CREST INVESTMENT MANAGEMENT LLC | exited | $4.5M | $4.4M 100c | 525 bp | Dec 31, 2024 to Dec 31, 2024 |
| B•••••••• D••••• L•••••• C•••• BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | exited | $4.1M | $4.1M 100c | 500 bp | Dec 31, 2022 to Sep 30, 2025 |
| N•••• H•••• P•••••• I••••• F••• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 6 pieces | $73.3M | $72.7M 100c | 500 bp | Dec 31, 2024 to Jun 30, 2026 |
| S•••• P•••• C••••• C••• STONE POINT CREDIT ADVISER LLC | held · 2 pieces | $37.5M | $37.4M 100c | 500 bp | Dec 31, 2022 to Jun 30, 2026 |
| M••••• S•••••• D••••• L•••••• F••• MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $31.7M | $31.5M 100c | 500 bp | Dec 31, 2024 to Jun 30, 2026 |
| T• S••••• B•• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $17.2M | $17.0M 100c | 500 bp | Dec 31, 2024 to Jun 30, 2026 |
| S•••• P•••• C••••• I••••• F••• STONE POINT CREDIT INCOME ADVISER LLC | held | $16.3M | $16.3M 100c | 500 bp | Mar 31, 2025 to Jun 30, 2026 |
| S• I••••••••• F••• I• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $13.9M | $13.7M 100c | 500 bp | Dec 31, 2024 to Jun 30, 2026 |
| D••••••• C••••• C• DIAMETER PRINCIPAL FINANCE LLC | held | $10.7M | $10.6M 100c | 500 bp | Dec 31, 2025 to Jun 30, 2026 |
| N•••• H•••• P•••••• I••••• F••• A• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $8.1M | $8.0M 100c | 500 bp | Dec 31, 2024 to Jun 30, 2026 |
| B• P••••••• L•••••• C••• BC PARTNERS ADVISORS L.P. | held · 3 pieces | $6.0M | $6.0M 100c | 500 bp | Jun 30, 2023 to Jun 30, 2026 |
| L••• P•••••• C••••• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $4.3M | $4.3M 100c | 500 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 | 10 | $219M | 100c | 500 bp | Nov 17, 2031 | |
| Mar 31, 2026 | 11 | $231M | 100c | 500 bp | Nov 17, 2031 | |
| Dec 31, 2025 | 11 | $243M | 101c | 500 bp | Nov 17, 2031 | |
| Sep 30, 2025 | 13 | $187M | 101c | 500 bp | Nov 17, 2031 | |
| Jun 30, 2025 | 9 | $115M | 100c | 525 bp | Nov 17, 2031 | |
| Mar 31, 2025 | 10 | $118M | 100c | 525 bp | Nov 17, 2031 | |
| Dec 31, 2024 | 14 | $293M | 100c | 525 bp | Nov 17, 2031 | |
| Sep 30, 2024 | 7 | $53.4M | 101c | 625 bp | Aug 29, 2029 | |
| Jun 30, 2024 | 7 | $53.5M | 101c | 600 bp | Aug 29, 2029 | |
| Mar 31, 2024 | 7 | $53.5M | 101c | 600 bp | Aug 29, 2029 | |
| Dec 31, 2023 | 8 | $59.6M | 101c | 600 bp | Aug 29, 2029 | |
| Sep 30, 2023 | 8 | $51.5M | 101c | 625 bp | Aug 29, 2029 | |
| Jun 30, 2023 | 7 | $49.6M | 109c | 625 bp | Aug 29, 2029 | |
| Mar 31, 2023 | 6 | $41.9M | 110c | 625 bp | Aug 29, 2029 | |
| Dec 31, 2022 | 6 | $51.6M | 100c | 625 bp | Aug 29, 2029 |
What changed on this facility
position and facility grain, including routine
- Lender left a facility Mar 31, 2026S•••••••• P•••••• C••••• F••• L•• no longer holds A•••••••• P••••••• L•• term loan after 2026-03-31; 9 BDC(s) still hold it
- New lender joined a facility Dec 31, 2025D••••••• C••••• C• joins A•••••••• P••••••• L•• term loan (first lien) held by 13 other BDCs
- Lender left a facility Sep 30, 2025B•••••••• P•••••• C••••• F••• no longer holds A•••••••• P••••••• L•• term loan after 2025-09-30; 10 BDC(s) still hold it
- Lender left a facility Sep 30, 2025B•••••••• T•• C•••••• C•••• no longer holds A•••••••• P••••••• L•• term loan after 2025-09-30; 10 BDC(s) still hold it
- Lender left a facility Sep 30, 2025B•••••••• D••••• L•••••• C•••• no longer holds A•••••••• P••••••• L•• term loan after 2025-09-30; 10 BDC(s) still hold it
- New lender joined a facility Mar 31, 2025S•••• P•••• C••••• I••••• F••• joins A•••••••• P••••••• L•• term loan (first lien) held by 14 other BDCs
- Maturity extended (observed) Dec 31, 2024A•••••••• P••••••• L•• term loan: maturity moved from 2029-08-29 to 2031-11-17
- Spread changed (observed) Dec 31, 2024A•••••••• P••••••• L•• term loan: spread moved from 6.50% to 5.25%
- New lender joined a facility Dec 31, 2024N•••• H•••• P•••••• I••••• F••• L•• joins A•••••••• P••••••• L•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Dec 31, 2024M••••• S•••••• D••••• L•••••• F••• joins A•••••••• P••••••• L•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Dec 31, 2024T• S••••• B•• L•• joins A•••••••• P••••••• L•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Dec 31, 2024N•••• H•••• P•••••• I••••• F••• A• L•• joins A•••••••• P••••••• L•• term loan (first lien) held by 13 other BDCs
- Lender left a facility Dec 31, 2024B•• I••••••••• C••• no longer holds A•••••••• P••••••• L•• term loan after 2024-12-31; 9 BDC(s) still hold it
- New lender joined a facility Dec 31, 2024B•• I••••••••• C••• joins A•••••••• P••••••• L•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Dec 31, 2024L••• P•••••• C••••• L•• joins A•••••••• P••••••• L•• term loan (first lien) held by 13 other BDCs
- Spread changed (observed) Sep 30, 2024A•••••••• P••••••• L•• term loan: spread moved from 6.00% to 6.50%
- New lender joined a facility Jun 30, 2023B• P••••••• L•••••• C••• joins A•••••••• P••••••• L•• term loan (first lien) held by 6 other BDCs
Other pieces of this borrower's structure
- at least $77.8M
- at least $34.8M
- at least $23.6M
- at least $16.7M
- at least $6.2M
- at least $0
- at least $0
How this facility is known
- Grain
- A•••••••• P••••••• 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