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.

Sectors

Exposure by industry, as the filers write it

The industry is the one a BDC printed beside the position (GICS for most, a house taxonomy for some), taken as written and not yet folded into one scheme, so “Software” and “Application Software” are two rows. Borrowers with no industry on any schedule are “unstated”. Principal is the sum of pieces held today, a lower bound.

Industry	Principal held	Borrowers	Facilities	Lenders	On cost	PIK facilities
unstated	$190B	4,565	7,108	146	98c	693
Software	$38B	317	757	122	97c	62
Professional Services	$16B	149	409	99	99c	28
Health Care Technology	$14B	81	226	88	98c	23
Health Care Providers & Services	$14B	173	418	99	98c	52
Insurance	$14B	83	230	94	100c	4
Diversified Consumer Services	$13B	124	334	97	99c	28
Commercial Services & Supplies	$12B	125	337	105	99c	28
Financial Services	$10B	146	331	98	98c	15
IT Services	$9.5B	75	202	90	89c	16
Application Software	$6.2B	86	162	70	96c	37
Aerospace & Defense	$5.3B	73	182	76	102c	8
Pharmaceuticals	$5.1B	75	130	58	102c	15
Life Sciences Tools & Services	$5.0B	31	66	53	97c	3
Healthcare, Education and Childcare	$4.1B	20	54	33	98c	4
Health Care Services	$4.1B	57	168	70	97c	10
Machinery	$4.1B	72	141	58	101c	8
Healthcare Providers and Services	$3.9B	53	118	61	100c	7
Construction & Engineering	$3.9B	73	176	79	97c	11
Services: Business	$3.9B	83	175	51	100c	10
Diversified Financial Services	$3.6B	36	77	60	99c	2
Health Care Equipment & Services	$3.3B	63	142	34	94c	20
Media	$3.3B	69	136	64	94c	10
Hotels, Restaurants & Leisure	$3.3B	59	115	50	99c	7
Real Estate Management & Development	$3.2B	25	51	54	99c	3
Air Freight & Logistics	$3.2B	18	47	52	99c	10
Commercial Services and Supplies	$3.1B	34	93	45	99c	5
Chemicals	$2.9B	54	101	49	99c	4
Services: Consumer	$2.9B	22	59	46	98c	5
Software & Services	$2.8B	50	109	36	96c	11
Distributors	$2.6B	38	83	47	100c	9
Automobile Components	$2.6B	24	64	68	96c	5
Insurance Services	$2.6B	11	39	46	99c	0
Wireless Telecommunication Services	$2.6B	20	39	43	102c	3
Health Care Equipment & Supplies	$2.6B	39	83	57	98c	2
Consumer Staples Distribution & Retail	$2.4B	34	60	64	100c	5
Consumer Services	$2.4B	52	118	40	98c	17
Food Products	$2.4B	46	83	55	98c	5
Structured finance (CLO)	$2.4B	310	324	28	85c	0
Containers & Packaging	$2.3B	26	59	62	98c	8
Trading Companies & Distributors	$2.2B	32	83	50	100c	4
Healthcare & Pharmaceuticals	$2.2B	64	132	50	99c	6
Business Services	$2.2B	45	94	39	100c	15
Aerospace and Defense	$2.0B	24	62	44	92c	3
Transportation Infrastructure	$2.0B	13	26	42	101c	0
High Tech	$1.9B	11	45	38	97c	7
Building Products	$1.9B	42	74	48	98c	2
Capital Equipment	$1.7B	22	56	36	100c	2
Electronic Equipment, Instruments & Components	$1.7B	17	51	40	102c	2
Specialty Retail	$1.6B	33	57	37	100c	3
High Tech Industries	$1.6B	35	68	41	81c	5
Systems Software	$1.6B	12	20	27	86c	0
Construction & Building	$1.5B	31	83	43	99c	4
Diversified Support Services	$1.5B	25	63	33	100c	1
Education	$1.5B	3	9	18	98c	3
Education Services	$1.5B	6	13	11	93c	1
Personal Care Products	$1.4B	24	43	26	99c	2
Diversified Telecommunication Services	$1.4B	33	72	39	94c	5
Containers and Packaging	$1.4B	22	42	36	99c	3
Technology	$1.4B	17	31	19	102c	4
Interactive Media & Services	$1.2B	15	30	37	96c	0
Media & Entertainment	$1.2B	14	17	11	95c	4
Industrial Conglomerates	$1.1B	7	25	30	102c	2
Electrical Equipment	$1.1B	21	52	42	107c	0
Specialized Consumer Services	$1.1B	19	52	23	100c	8
Capital Markets	$1.1B	35	82	55	99c	6
Software)	$1.1B	7	24	29	99c	0
Health Care Equipment	$1.1B	12	28	16	99c	2
Research & Consulting Services	$1.1B	19	41	28	100c	0
Drug Discovery & Development	$1.1B	24	25	3	101c	4
Ground Transportation	$1.1B	16	38	35	102c	1
Technology Hardware, Storage & Peripherals	$1.1B	11	30	20	104c	3
Food Distributors	$1.0B	7	18	17	100c	0
Energy Equipment & Services	$962M	16	29	25	98c	1
Health Care Supplies	$961M	5	19	18	100c	0
Oil, Gas & Consumable Fuels	$953M	29	44	15	98c	1
Energy: Electricity	$906M	3	7	13	100c	0
Consumer Finance	$904M	15	24	15	92c	10
Textiles, Apparel & Luxury Goods	$892M	13	19	15	101c	3
Healthcare Services, Other	$864M	17	17	1	100c	6
Leisure Products	$811M	28	47	34	99c	5
Packaged Foods & Meats	$810M	19	45	19	98c	5
Hotels, Restaurants and Leisure	$783M	21	41	26	100c	0
Media: Diversified & Production	$780M	7	16	25	102c	3
Household Products	$721M	13	23	32	99c	2
Health Care Facilities	$718M	12	34	33	100c	0
Materials	$717M	29	48	26	101c	0
Commercial services & supplies	$696M	14	43	17	100c	12
Trading Companies and Distributors	$686M	4	15	30	106c	0
Household Durables	$685M	16	25	20	97c	3
Insurance Brokers	$666M	10	28	15	100c	0
Software and Services	$653M	9	20	22	106c	3
Multi-Utilities	$644M	3	9	30	96c	0
Commercial and Professional Services	$613M	3	12	6	101c	0
Paper & Plastic Packaging Products & Materials	$602M	5	17	8	100c	0
Healthcare Equipment and Supplies	$600M	13	29	23	100c	0
Biotechnology	$577M	11	17	17	96c	3
Information Technology Services	$565M	30	41	8	101c	14
Specialized Finance	$563M	4	9	21	99c	1
Entertainment	$554M	21	29	15	95c	4
Health Care Equipment and Services	$544M	11	23	15	100c	0
Communications Equipment	$542M	7	14	12	90c	4
Construction Materials	$509M	9	17	15	100c	0
Aerospace & defense	$509M	4	11	7	101c	0
Consumer Goods: Durable	$498M	11	22	18	93c	3
Professional services	$496M	14	53	28	107c	1
Environmental & Facilities Services	$496M	17	45	19	97c	0
Technology Security 1st Lien, Secured Loan	$478M	3	5	9	107c	2
Energy	$472M	12	16	7	101c	0
Industrial Machinery & Supplies & Components	$466M	14	27	17	104c	0
Automobiles	$463M	12	22	25	99c	1
Chemicals, Plastics & Rubber	$462M	7	15	12	95c	1
Consumer Goods: Non-Durable	$447M	12	26	11	92c	2
Health care providers & services	$446M	11	33	8	105c	0
IT Consulting & Other Services	$439M	11	29	11	108c	0
Consumer & Business Services	$421M	16	17	2	99c	5
Air Freight and Logistics	$420M	4	10	13	97c	1
Transportation: Cargo	$410M	8	27	21	95c	4
Electronic Equipment, Instruments and Components	$402M	8	15	23	102c	0
Electrical Components & Equipment	$398M	8	22	17	100c	1
Environmental Industries	$398M	12	31	16	100c	1
Real Estate Services	$396M	6	18	17	120c	2
Transportation	$394M	17	25	19	100c	1
Telecommunications	$372M	15	24	19	96c	4
Asset Management & Custody Banks	$365M	6	16	14	101c	0
Internet Software & Services	$362M	3	6	14	99c	4
Food products	$358M	17	47	14	105c	2
Automotive	$355M	15	24	22	97c	6
Construction and Engineering	$329M	10	27	12	101c	0
Containers & packaging	$328M	8	13	6	101c	0
Advertising	$308M	13	26	13	100c	0
Healthcare	$302M	20	34	17	101c	3
Beverages	$296M	8	13	20	91c	1
Metals & Mining	$268M	9	12	15	103c	0
Electric Utilities	$264M	9	14	11	99c	0
Banks	$258M	6	11	14	100c	1
Personal care products	$251M	3	6	13	100c	0
IT Services & IT Systems Management	$248M	7	7	1	97c	0
Personal Products	$246M	4	9	6	80c	4
Health care providers and services	$243M	7	32	11	118c	0
Beverage, Food & Tobacco	$236M	10	15	6	101c	3
Energy Equipment and Services	$230M	6	11	14	99c	0
Hotel, Gaming & Leisure	$224M	13	22	10	80c	0
Health Care Distributors	$219M	3	7	6	100c	0
Textiles, Apparel and Luxury Goods	$211M	5	11	16	91c	0
Electronic Equipment, Instruments, and Components	$210M	5	17	7	101c	0
Retail	$197M	8	12	13	100c	0
Commercial services and supplies	$196M	7	25	10	118c	4
Internet Software and Services	$187M	9	17	13	102c	5
Diversified Financial Institutions & Services	$177M	5	9	2	102c	1
Diversified consumer services	$170M	8	26	10	138c	0
Healthcare Technology	$169M	6	10	11	99c	2
Transportation: Consumer	$168M	4	8	10	97c	0
Office Services & Supplies	$159M	4	12	11	97c	1
Healthcare Services	$156M	6	7	3	95c	1
Trading companies and distributors	$148M	4	17	11	116c	0
Leisure Facilities	$144M	10	19	12	89c	2
Real Estate Management and Development	$136M	4	8	14	96c	0
Containers, Packaging & Glass	$132M	13	15	12	98c	0
Distribution	$128M	8	9	3	100c	1
Chemicals, Plastics and Rubber	$115M	5	7	4	85c	3
Banking, Finance, Insurance & Real Estate	$115M	17	23	13	100c	0
Automobiles & Components	$113M	4	8	3	95c	0
Pharmaceuticals, Biotechnology & Life Sciences	$112M	3	3	1	95c	1
Auto Parts & Equipment	$111M	5	8	8	99c	0
Real Estate	$107M	9	11	3	108c	1
Diversified Financials	$105M	15	32	4	99c	1
Highways & Railtracks	$103M	4	10	11	99c	1
Leisure products	$96.2M	5	9	4	97c	2
Building products	$95.6M	5	16	7	110c	0
Oil, Gas and Consumable Fuels	$93.7M	6	11	11	100c	0
Medical Devices & Equipment	$93.6M	4	4	1	101c	0