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A• P•••••• C••••• I•••••••• L••

Direct lenderBDC adviserPrivate credit fund manager· Austin, TX

Direct lender, based in Austin, TX, advising 2 BDCs with $2.3B at fair value across 280 borrowers.

Composed from this provider's classification, location and filed figures.

BDC fair value
$2.3B
BDC 10-K schedules of investments, summed
Credit fund assets
$5.4B
Form ADV, Schedule D, summed over its funds
Borrowers
280
BDC schedules and named deals
Sponsors
52
Sponsor and lender pairs across its borrowers
Sponsor relationships (52)BDCs (2)Credit funds
As of · the latest BDC schedule or sponsor pairing on record for this provider

What matters now

  1. $10.4M
    on non-accrual, 2 borrowers

    2 borrowers on non-accrual, $10.4M principal; the largest is S•••••••• C••• H•••••••• L•• ($6.57M at A• P•••••• C••••• I•••••••• C•••).

    Q2 2026 · Loans that have stopped paying interest; they set the book's credit losses.

    FactBDC schedules of investments, 30 Jun 2026For LPs and shareholders in these BDCs, co-lenders on the same namesOpen S•••••••• C••• H•••••••• L•• →
  2. $6.57M
    newly on non-accrual

    1 borrower newly placed on non-accrual in Q2 2026, $6.57M principal: S•••••••• C••• H•••••••• L•• ($6.57M at A• P•••••• C••••• I•••••••• C•••).

    Q2 2026 · The newest credit problems in the book.

    FactBDC schedules of investments, 30 Jun 2026Open S•••••••• C••• H•••••••• L•• →
  3. 47 below 80¢
    $68.8M principal

    47 positions across 21 borrowers marked below 80¢ on cost, $68.8M principal.

    Q2 2026 · Marks this low usually come before non-accrual or a restructuring.

    Derivedeach position's fair value over cost, 30 Jun 2026
  4. 29 new sponsors
    in 12 months

    At least 29 new sponsors began borrowing from this lender in the last twelve months, and 11 sponsors came back for another deal.

    New sponsor relationships are where its next deals come from.

    Factdeal announcements and BDC schedules naming the pairWhat changed →
  5. 14 new borrowers
    4 quarters, against 5

    Financed at least 14 new sponsor-backed borrowers in the last four quarters, against 5 in the four before.

    The pace of new lending against the year before.

    DerivedBDC schedules, sponsor-backed borrowersSponsor relationships →
Every figure, and the identifiersCRD 173027 · 2 other DFX graphsShow
Direct lenderPrivate credit fund managerCRD 173027
BDCs managed
2
read from each BDC's 10-K
BDC fair value
$2.3B
latest schedules, summed
BDC principal held
$2.3B
debt pieces, the filers' figures
Credit funds
10
Form ADV Schedule D
Borrowers
280
across BDCs and named deals
Sponsors
52
sponsor x lender pairs
Adviser RAUM
not established
as filed on Form ADV
On other DFX graphs
2
shared identifiers only
BDCs managed
BDCFair valueBorrowersAs of
A• P•••••• C••••• I•••••••• C•••$1.9B216Jun 30, 2026
A• P•••••• L•••••• F•••$376M169Jun 30, 2026
Sponsor relationships
by borrowers financed across the provider's BDCs
All 25 sponsors
All 52 pairs
Named as lender on a deal
carried from sponsor and lender announcements
No deal announcement on the graph names this provider as a lender.
Facilities held or named
0 on the graph
The provider's pieces sit on its BDCs' pages; no facility is held in this entity's own name.
Credit funds on Form ADV
candidates by name; Form ADV has no private credit fund type
FundGross assetsFirst reported
A• P•••••• C••••• I•••••••• M••••• M••••• D••••• L•••••• F•••• L•••
Hedge Fund
$2.1B
Oct 3, 2024
Jul 1, 2015
A• P•••••• C••••• I•••••••• C•••••••••
Other Private Fund
$1.3B
Oct 3, 2024
Mar 31, 2020
A• P•••••• C••••• I•••••••• M••••• M••••• D••••• L•••••• F••• I•• L•••
Hedge Fund
$716M
Oct 3, 2024
Nov 1, 2018
A• P•••••• C••••• I•••••••• M••••• M••••• D••••• L•••••• F••• I•• L••
Hedge Fund
$346M
Oct 17, 2022
Nov 1, 2018
A• P•••••• L•••••• F•••
Other Private Fund
$309M
Oct 3, 2024
Aug 27, 2024
All 10 fundslargest gross assets first
FundGross assetsFirst reported
A• P•••••• C••••• I•••••••• M••••• M••••• D••••• L•••••• F••• I• F•••••• L•••
Hedge Fund
$261M
Oct 3, 2024
Nov 1, 2018
A• P•••••• C••••• I•••••••• M••••• M••••• D••••• L•••••• F•••• S•••••••• S••••••
Hedge Fund
$101M
Oct 3, 2024
Jul 24, 2020
A•••••••• S••••• P•••••• C••••• F•••• L•••
Other Private Fund
$93.4M
Oct 3, 2024
Mar 31, 2020
A• P•••••• C••••• I•••••••• M••••• M••••• D••••• L•••••• F••••• F•••• S•••••••• S••••••
Hedge Fund
$62.5M
Oct 3, 2024
Jul 24, 2020
A•••••••• S••••• P•••••• C••••• F••• ••••• L•••
Other Private Fund
$17.5M
Oct 3, 2024
Mar 31, 2020
What changed
Full timeline · 40 events
How this provider is known
Direct lender
probable · bdc adviser 10kreportedsec.gov"••• Locked"
Private credit fund manager
probable · adv credit fundsestimated"••• Locked"
Direct lender
probable · adv credit fundsestimated"••• Locked"
RIA Intelligence
A• P•••••• C••••• I•••••••• L••reportedshared crd
RIA Intelligence
A• P•••••• C••••• I•••••••• L••derivedname unique adv