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.
Credit providers
2,095 providers of non-bank credit
A provider is the organisation that manages the credit: the adviser behind a BDC (read from the BDC's own 10-K), the registered adviser behind credit-named private funds on Form ADV, a credit manager classed on the private equity graph, a lender named on a sponsor deal, or a commercial real estate lender parent. Classes are rules with a printed basis; a class from a fund name is a candidate until a filing or the firm's own words confirm it.
| Provider | Classes | BDCs | BDC fair value | Credit funds | Borrowers | Sponsors |
|---|---|---|---|---|---|---|
| BLACKSTONE PRIVATE CREDIT STRATEGIES LLC NEW YORK, NY · CRD 327208 | Direct lenderPrivate credit fund manager | 2 | $100B | 9 | 976 | 123 |
| BLUE OWL CREDIT ADVISORS LLC NEW YORK, NY · CRD 282575 | CLO managerDirect lender | 3 | $54B | 13 | 424 | 83 |
| ARES CAPITAL MANAGEMENT LLC LOS ANGELES, CA · CRD 131619 | Direct lenderPrivate credit fund manager | 2 | $51B | 19 | 1,030 | 114 |
| HPS ADVISORS, LLC NEW YORK, NY · CRD 324983 | Direct lender | 2 | $28B | 0 | 452 | 77 |
| Goldman Sachs Asset Management, L.P | Direct lender | 7 | $25B | 0 | 431 | 88 |
| GC ADVISORS LLC CHICAGO, IL · CRD 148687 | CLO managerDirect lenderPrivate credit fund manager | 6 | $24B | 26 | 602 | 98 |
| KOHLBERG KRAVIS ROBERTS & CO. L.P. NEW YORK, NY · CRD 144533 | Direct lenderOpportunistic creditPrivate credit fund manager | 3 | $18B | 10 | 269 | 49 |
| BLUE OWL TECHNOLOGY CREDIT ADVISORS LLC NEW YORK, NY · CRD 297497 | Direct lender | 1 | $15B | 0 | 233 | 42 |
| ARES CAPITAL MANAGEMENT II LLC LOS ANGELES, CA · CRD 157292 | Direct lender | 1 | $14B | 0 | 62 | 8 |
| BLUE OWL TECHNOLOGY CREDIT ADVISORS II LLC NEW YORK, NY · CRD 316821 | Direct lender | 2 | $12B | 1 | 194 | 48 |
| OAKTREE FUND ADVISORS, LLC LOS ANGELES, CA · CRD 290193 | Direct lender | 4 | $10B | 0 | 217 | 39 |
| SIXTH STREET LENDING PARTNERS ADVISERS, LLC DALLAS, TX · CRD 320821 | Direct lender | 1 | $8.9B | 0 | 83 | 7 |
| LORD ABBETT PRIVATE CREDIT ADVISOR LLC JERSEY CITY, NJ · CRD 332701 | Direct lender | 2 | $7.9B | 0 | 78 | 17 |
| BARINGS LLC CHARLOTTE, NC · CRD 106006 | CLO managerDirect lenderPrivate credit fund manager | 2 | $6.7B | 87 | 540 | 83 |
| PROSPECT CAPITAL MANAGEMENT L.P. WEST PALM BEACH, FL · CRD 131018 | Direct lender | 2 | $6.6B | 0 | 113 | 18 |
| MC Advisors | Direct lender | 3 | $6.5B | 0 | 297 | 64 |
| C., the investment adviser | Direct lender | 2 | $6.3B | 0 | 240 | 39 |
| BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC WILMINGTON, DE · CRD 290336 | CLO managerDirect lenderPrivate credit fund manager | 3 | $5.7B | 20 | 339 | 71 |
| funds, programs, accounts or businesses. For instance, the Adviser | Direct lender | 5 | $5.2B | 0 | 326 | 55 |
| potential conflicts of interest with AGTB Fund Manager, LLC | Direct lender | 1 | $4.9B | 0 | 305 | 45 |
| FRANKLIN BSP CAPITAL ADVISER LLC NEW YORK, NY · CRD 307684 | Direct lender | 1 | $4.8B | 0 | 290 | 62 |
| NEW MOUNTAIN FINANCE ADVISERS, L.L.C. NEW YORK, NY · CRD 155493 | Direct lender | 3 | $4.4B | 0 | 167 | 36 |
| BLUE OWL DIVERSIFIED CREDIT ADVISORS LLC NEW YORK, NY · CRD 307525 | CLO managerDirect lender | 1 | $4.2B | 4 | 0 | 45 |
| FIDELITY DIVERSIFYING SOLUTIONS LLC BOSTON, MA · CRD 315088 | Direct lenderPrivate credit fund manager | 2 | $3.9B | 2 | 161 | 37 |
| FRANKLIN BSP LENDING ADVISER, L.L.C. NEW YORK, NY · CRD 155644 | Direct lender | 1 | $3.7B | 0 | 0 | 45 |
| Monroe Capital Intermediate Holdings, LLC | Direct lender | 1 | $3.5B | 0 | 78 | 0 |
| SARATOGA INVESTMENT ADVISORS, LLC NEW YORK, NY · CRD 153060 | Direct lender | 1 | $3.4B | 0 | 109 | 7 |
| Investments or other fixed-income instruments. Churchill PCIF Advisor LLC | Direct lender | 1 | $3.3B | 0 | 414 | 81 |
| OHA PRIVATE CREDIT ADVISORS LLC NEW YORK, NY · CRD 319664 | Direct lender | 1 | $3.1B | 0 | 145 | 42 |
| STONE POINT CREDIT ADVISER LLC GREENWICH, CT · CRD 310377 | Direct lenderPrivate credit fund manager | 1 | $3.0B | 2 | 159 | 27 |
| DIAMETER PRINCIPAL FINANCE LLC NEW YORK, NY · CRD 328057 | Direct lender | 1 | $2.8B | 0 | 86 | 9 |
| APOLLO INVESTMENT MANAGEMENT, L.P. NEW YORK, NY · CRD 130610 | Direct lender | 1 | $2.8B | 0 | 268 | 39 |
| relative and absolute performance of Jefferies Credit Management LLC | Direct lender | 2 | $2.5B | 0 | 100 | 24 |
| OHA PRIVATE CREDIT ADVISORS II, L.P. NEW YORK, NY · CRD 322289 | Direct lender | 2 | $2.5B | 0 | 120 | 35 |
| TCW ASSET MANAGEMENT COMPANY LLC LOS ANGELES, CA · CRD 105742 | CLO managerDirect lenderDistressed and special situations credit | 5 | $2.4B | 48 | 80 | 16 |
| offerings of common stock. New Mountain Finance Advisers, L.L.C | Direct lender | 1 | $2.3B | 0 | 121 | 32 |
| SLR CAPITAL PARTNERS, LLC NEW YORK, NY · CRD 146106 | Direct lenderPrivate credit fund manager | 1 | $2.3B | 6 | 86 | 19 |
| KA Credit Advisors, LLC | Direct lender | 1 | $2.3B | 0 | 114 | 20 |
| will have demands on their time for the investment | Direct lender | 1 | $2.2B | 0 | 200 | 32 |
| Gladstone Management Corporation | Direct lender | 2 | $2.0B | 0 | 93 | 9 |
| interest with Blackstone Real Estate Special Situations Advisors L.L.C | Direct lender | 1 | $2.0B | 0 | 105 | 0 |
| FPLF MANAGEMENT LLC NEW YORK, NY · CRD 331881 | Direct lender | 1 | $2.0B | 0 | 103 | 10 |
| Fund is advised by AB Private Credit Investors LLC | Direct lender | 1 | $1.9B | 0 | 216 | 27 |
| CHURCHILL DLC ADVISOR LLC NEW YORK, NY · CRD 304945 | Direct lender | 1 | $1.9B | 0 | 291 | 80 |
| VISTA CREDIT BDC MANAGEMENT, L.P. NEW YORK, NY · CRD 326611 | Direct lender | 1 | $1.9B | 0 | 92 | 14 |
| CION INVESTMENT MANAGEMENT, LLC NEW YORK, NY · CRD 160386 | Direct lender | 1 | $1.9B | 0 | 113 | 29 |
| North Partners LP | Direct lender | 1 | $1.8B | 0 | 55 | 14 |
| New Mountain Finance Advisers BDC, L.L.C | Direct lender | 1 | $1.5B | 0 | 0 | 18 |
| Overland Advisors, LLC | Direct lender | 1 | $1.5B | 0 | 24 | 14 |
| OXFORD SQUARE MANAGEMENT, LLC GREENWICH, CT · CRD 127888 | Direct lender | 1 | $1.4B | 0 | 55 | 5 |
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