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
V•••••• E••••••• S•••••••• I•• first lien term loan
first lienheld todayCommercial Services & Supplies
Principal held
at least $636M
sum of BDC pieces, a lower bound
Fair value
$626M
99c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+500 bp
floor 50.00%
PIK
none stated
Maturity
Sep 27, 2032
html_schedule
Lenders
19 holding
1 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 |
|---|---|---|---|---|---|
| C•••••• S•••••• L•••••• I•• CSL III ADVISOR, LLC | dormant | $7.7M | $7.6M 99c | 500 bp | Sep 30, 2024 to Sep 30, 2024 |
| B••• O•• C•••••• C••• I•• B••• Owl Credit Advisers | dormant | $779,000 | $771,000 100c | 500 bp | Sep 30, 2024 to Sep 30, 2024 |
| B••• O•• C•••••• C••• I• BLUE OWL CREDIT ADVISORS LLC | exited | $989,000 | $979,000 100c | 500 bp | Sep 30, 2024 to Mar 31, 2026 |
| B••• O•• C••••• I••••• C•••• BLUE OWL CREDIT ADVISORS LLC | held | $236M | $234M 100c | 500 bp | Sep 30, 2024 to Jun 30, 2026 |
| A••••• D••• S•••••••• B•• APOLLO CREDIT MANAGEMENT, LLC | held | $161M | $156M 98c | 500 bp | Dec 31, 2023 to Jun 30, 2026 |
| B••• O•• T••••••••• I••••• C•••• BLUE OWL TECHNOLOGY CREDIT ADVISORS II LLC | held | $38.1M | $37.7M 100c | 500 bp | Sep 30, 2024 to Jun 30, 2026 |
| C•••••• S•••••• L••••••• I••• CARLYLE GLOBAL CREDIT INVESTMENT MANAGEMENT L.L.C. | held · 2 pieces | $33.5M | $32.9M 100c | 500 bp | Sep 30, 2024 to Jun 30, 2026 |
| N•••• H•••• P•••••• I••••• F••• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 2 pieces | $32.9M | $32.5M 100c | 500 bp | Dec 31, 2024 to Jun 30, 2026 |
| C•••••• C••••• S••••••••• I••• CARLYLE GLOBAL CREDIT INVESTMENT MANAGEMENT L.L.C. | held | $25.1M | $24.7M 99c | 500 bp | Sep 30, 2024 to Jun 30, 2026 |
| C•• I• P•••••••• H•••••••• L•• CRESCENT CAPITAL GROUP LP | held | $18.1M | $18.1M 100c | 500 bp | Jun 30, 2026 to Jun 30, 2026 |
| B•••••••• P•••••• C••••• F••• BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | held | $17.8M | $17.8M 100c | 500 bp | Dec 31, 2022 to Jun 30, 2026 |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• CHURCHILL PCIF ADVISOR LLC | held | $16.6M | $16.3M 99c | 500 bp | Dec 31, 2024 to Jun 30, 2026 |
| S•••••••• P•••••• C••••• F••• L•• STEPSTONE GROUP PRIVATE DEBT LLC | held · 3 pieces | $14.2M | $14.1M 100c | 500 bp | Sep 30, 2024 to Jun 30, 2026 |
| A•••••• S•••••••• C••••• F••• ANTARES CAPITAL CREDIT ADVISERS LLC | held | $11.7M | $11.5M 99c | 500 bp | Sep 30, 2024 to Jun 30, 2026 |
| M••••• S•••••• D••••• L•••••• F••• MS CAPITAL PARTNERS ADVISER INC. | held · 2 pieces | $10.1M | $10.0M 100c | 500 bp | Jun 30, 2024 to Jun 30, 2026 |
| S••••• P•••• S•••••••• L•••••• F••• S••••• P•••• S•••••••• Credit Fund Management, LLC | held | $5.8M | $5.7M 100c | 500 bp | Sep 30, 2024 to Jun 30, 2026 |
| N••••• C•••••••• D••••• L•••••• C•••• CHURCHILL DLC ADVISOR LLC | held | $3.3M | $3.2M 99c | 500 bp | Dec 31, 2024 to Jun 30, 2026 |
| N•••• H•••• P•••••• I••••• F••• A• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 2 pieces | $2.5M | $2.5M 100c | 500 bp | Dec 31, 2024 to Jun 30, 2026 |
| L••• P•••••• C••••• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 2 pieces | $2.5M | $2.5M 100c | 500 bp | Jun 30, 2024 to Jun 30, 2026 |
| T• S••••• B•• L•• MS CAPITAL PARTNERS ADVISER INC. | held · 2 pieces | $2.5M | $2.5M 99c | 500 bp | Dec 31, 2024 to Jun 30, 2026 |
| A•••••• P•••••• C••••• F••• ANTARES CAPITAL CREDIT ADVISERS LLC | held | $2.5M | $2.4M 99c | 500 bp | Dec 31, 2024 to Jun 30, 2026 |
| B••• O•• C•••••• C••• BLUE OWL CREDIT ADVISORS LLC | held | $2.4M | $2.4M 101c | 500 bp | Sep 30, 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 | 19 | $636M | 99c | 500 bp | Sep 27, 2032 | |
| Mar 31, 2026 | 17 | $380M | 99c | 500 bp | Sep 29, 2031 | |
| Dec 31, 2025 | 19 | $579M | 100c | 500 bp | Sep 29, 2031 | |
| Sep 30, 2025 | 17 | $521M | 100c | 475 bp | Sep 29, 2031 | |
| Jun 30, 2025 | 14 | $474M | 100c | 475 bp | Sep 27, 2031 | |
| Mar 31, 2025 | 14 | $436M | 100c | 500 bp | Sep 27, 2031 | |
| Dec 31, 2024 | 19 | $809M | 100c | 500 bp | Sep 29, 2031 | |
| Sep 30, 2024 | 15 | $406M | 100c | 500 bp | Sep 27, 2031 | |
| Jun 30, 2024 | 4 | $34.0M | 101c | 525 bp | Mar 29, 2027 | |
| Mar 31, 2024 | 2 | $44.9M | 99c | 525 bp | Mar 26, 2027 | |
| Dec 31, 2023 | 2 | $84.9M | 95c | 525 bp | Mar 29, 2027 | |
| Sep 30, 2023 | 1 | $4.7M | 99c | 475 bp | Feb 28, 2027 | |
| Jun 30, 2023 | 1 | $4.7M | 98c | 475 bp | Mar 26, 2027 | |
| Mar 31, 2023 | 1 | $2.8M | 98c | 475 bp | Mar 26, 2027 | |
| Dec 31, 2022 | 1 | $2.3M | 97c | 475 bp | Mar 26, 2027 |
What changed on this facility
position and facility grain, including routine
- Maturity extended (observed) Jun 30, 2026V•••••• E••••••• S•••••••• I•• term loan: maturity moved from 2031-09-29 to 2032-09-27
- New lender joined a facility Jun 30, 2026C•• I• P•••••••• H•••••••• L•• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 18 other BDCs
- Lender left a facility Mar 31, 2026B••• O•• C•••••• C••• I• no longer holds V•••••• E••••••• S•••••••• I•• term loan after 2026-03-31; 19 BDC(s) still hold it
- New lender joined a facility Dec 31, 2024N•••• H•••• P•••••• I••••• F••• L•• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 19 other BDCs
- New lender joined a facility Dec 31, 2024N••••• C•••••••• P•••••• C•••••• I••••• F••• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 19 other BDCs
- New lender joined a facility Dec 31, 2024N••••• C•••••••• D••••• L•••••• C•••• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 19 other BDCs
- New lender joined a facility Dec 31, 2024N•••• H•••• P•••••• I••••• F••• A• L•• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 19 other BDCs
- New lender joined a facility Dec 31, 2024T• S••••• B•• L•• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 19 other BDCs
- Maturity extended (observed) Sep 30, 2024V•••••• E••••••• S•••••••• I•• term loan: maturity moved from 2027-03-29 to 2031-09-27
- New lender joined a facility Sep 30, 2024B••• O•• C••••• I••••• C•••• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Sep 30, 2024B••• O•• T••••••••• I••••• C•••• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Sep 30, 2024C•••••• S•••••• L••••••• I••• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Sep 30, 2024C•••••• C••••• S••••••••• I••• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Sep 30, 2024S•••••••• P•••••• C••••• F••• L•• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Sep 30, 2024A•••••• S•••••••• C••••• F••• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Sep 30, 2024C•••••• S•••••• L•••••• I•• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Sep 30, 2024S••••• P•••• S•••••••• L•••••• F••• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 14 other BDCs
- New lender joined a facility Sep 30, 2024B••• O•• C•••••• C••• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Sep 30, 2024B••• O•• C•••••• C••• I• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Sep 30, 2024B••• O•• C•••••• C••• I•• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 13 other BDCs
- New lender joined a facility Jun 30, 2024M••••• S•••••• D••••• L•••••• F••• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 3 other BDCs
- New lender joined a facility Jun 30, 2024L••• P•••••• C••••• L•• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 3 other BDCs
- New lender joined a facility Dec 31, 2023A••••• D••• S•••••••• B•• joins V•••••• E••••••• S•••••••• I•• term loan (first lien) held by 1 other BDC
Other pieces of this borrower's structure
- at least $12.7M
- at least $3.9M
- unknown
- unknown
- otherexited Mar 31, 2026at least $2.5M
How this facility is known
- Grain
- V•••••• E••••••• S•••••••• 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