The names past the first three in each section on this page are hidden. Create a free account to reveal 5 records a month, or get Private Equity Intelligence at $199 a month for every name. Every figure, date and source on this page is public either way.

A private credit borrower in diversified consumer services

Borrower · Diversified consumer services
group grade Aon a schedule nowsponsor not established · possible relationship
See every lender's markSpecial situations PE firms

What matters now

  1. $200M
    principal outstanding

    $200M principal held by 5 lenders; matures Oct 2026.

    Refinancing is due in 1 month at a 100¢ mark.

    FactBDC schedules of investments, null; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
Q3 2024: 100¢Q4 2024: 100¢Q1 2026: 99¢Q2 2026: 98¢a withheld: 100¢100¢ · 100¢ · 99¢ · 98¢ · 100¢Q3 2024 to a withheld
Where each lender marks it on the first lien term loan, 0 points apart
100¢Consensus: 100¢TPG Twin Brook Capital Income Fund: 100¢PennantPark Floating Rate Capital: 100¢PENNANTPARK INVESTMENT: 100¢100¢
Principal held
at least $33.1M
sum of BDC pieces, a lower bound
Fair value
$32.0M
98c on cost, debt pieces
Unfunded
$0
commitments not yet drawn
BDC lenders
5
5 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Oct 22, 2026
$33.1M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
14
dated, non-routine

Lender marks

each lender's own fair value over cost at a withheld name, folded to one row per lender
How each lender’s mark moved, last 4 quarter ends
Consensus, weighted by principalMiddle half of lendersOne lender
90¢95¢100¢105¢Q4 2024Q1 2026Q2 2026TPG Twin Brook Capital Income Fund: Q4 2024 no mark, Q1 2026 100¢, Q2 2026 100¢, null 100¢PennantPark Floating Rate Capital Ltd.: Q4 2024 no mark, Q1 2026 99¢, Q2 2026 97¢, null 100¢PENNANTPARK INVESTMENT CORP: Q4 2024 no mark, Q1 2026 99¢, Q2 2026 97¢, null 100¢another lender: Q4 2024 100¢, Q1 2026 99¢, Q2 2026 93¢, null 100¢100¢

Consensus Q4 2024 100¢, Q1 2026 99¢, Q2 2026 98¢, null 100¢. Hover a line for one lender.

Lenders with a mark per quarter end: Q4 2024 1, Q1 2026 4, Q2 2026 4, null 4. A mark is each lender’s own fair value over cost from its schedule of investments, filed about 45 days after the quarter ends; marks outside 5¢ to 110¢ on cost are left out.

Every lender’s mark by quarter, as a table
LenderQ4 2024Q1 2026Q2 2026
Consensus100¢99¢98¢100¢
TPG Twin Brook Capital Income Fundno mark100¢100¢100¢
PennantPark Floating Rate Capital Ltd.no mark99¢97¢100¢
PENNANTPARK INVESTMENT CORPno mark99¢97¢100¢

2 more lenders are drawn on the chart without a name; the lender list opens with the record.

LenderExposureCurrent markQoQ change
TPG Twin Brook Capital Income Fund$73.4M100¢0 pts
PennantPark Floating Rate Capital Ltd.$65.7M100¢+3 pts
PENNANTPARK INVESTMENT CORP$30M100¢+3 pts

5 lenders hold this credit

Each lender named with its own mark, its exposure and every piece it holds, from its schedule of investments.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Every BDC piece · 78 positions across 5 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
PennantPark Floating Rate Capital Ltd.term loan first lien
a withheld name
$14.5M-$36,000S+590 bp
PennantPark Floating Rate Capital Ltd.term loan first lien
a withheld name
$14.5MNot disclosed
TPG Twin Brook Capital Income Funddelayed draw term loan first lien
First lien senior secured delayed draw term loan
$12.3M-$93,000
100c
S+675 bp
TPG Twin Brook Capital Income Funddelayed draw term loan first lien
First lien senior secured delayed draw term loan 1
$9.2M-$35,000
83c
S+575 bp
TPG Twin Brook Capital Income Funddelayed draw term loan first lien
First lien senior secured delayed draw term loan 1
$9.2M-$35,000
83c
S+575 bp
View all 29 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
TPG Twin Brook Capital Income Funddelayed draw term loan first lien
First lien senior secured delayed draw term loan 1
$9.2M-$46,000
82c
S+575 bp
PennantPark Floating Rate Capital Ltd.term loan first lien
A withheld name 10/22/2026 Industry Consumer Services Current Coupon 10.20%
$8.0M$7.9M
100c
S+590 bp
PennantPark Floating Rate Capital Ltd.term loan first lien
First Lien Secured Debt Maturity 10/22/2026 Industry Consumer Services Current Coupon 10.0
$8.0M$7.9M
100c
10.05%
PennantPark Floating Rate Capital Ltd.term loan first lien
A withheld name 10/22/2026 Industry Consumer Services Current Coupon 9.56% Basis Point Spr
$8.0MNot disclosed
n/a
S+590 bp
PENNANTPARK INVESTMENT CORPterm loan first lien
A withheld name A withheld name
$6.6M-$17,000S+590 bp
PENNANTPARK INVESTMENT CORPterm loan first lien
a withheld name
$6.6MNot disclosedS+575 bp
TPG Twin Brook Capital Income Fundterm loan first lien
First lien senior secured term loan
$6.0M$5.9M
100c
S+575 bp
TPG Twin Brook Capital Income Fundterm loan first lien
First lien senior secured term loan
$6.0M$5.9M
100c
S+675 bp
TPG Twin Brook Capital Income Fundterm loan first lien
First lien senior secured term loan
$6.0M$5.9M
100c
S+575 bp
TPG Twin Brook Capital Income Fundterm loan first lien
First lien senior secured term loan
$6.0M$5.9M
100c
S+575 bp
PENNANTPARK INVESTMENT CORPterm loan first lien
A withheld name 10/22/2026 Industry Consumer Services Current Coupon 10.20% Basis Point Sp
$5.6M$5.6M
100c
//fasb.org/+590 bp
PENNANTPARK INVESTMENT CORPterm loan first lien
A withheld name 10/22/2026 Industry Consumer Services Current Coupon 9.89% Basis Point Spr
$5.6M$5.5M
99c
//fasb.org/+590 bp
PennantPark Floating Rate Capital Ltd.term loan first lien
A withheld name 10/22/2026 Industry Consumer Services Current Coupon 9.89% Basis Point Spr
$4.3M$4.2M
99c
//fasb.org/+590 bp
PennantPark Floating Rate Capital Ltd.term loan first lien
A withheld name 10/22/2026 Industry Consumer Services Current Coupon 9.89% Basis Point Spr
$4.3M$4.2M
100c
SOFR+590 bp
PennantPark Floating Rate Capital Ltd.term loan first lien
A withheld name A withheld name
$4.3MNot disclosed
PENNANTPARK INVESTMENT CORPterm loan first lien
First Lien Secured Debt Maturity 10/22/2026 Industry Consumer Services Current Coupon 10.0
$3.7M$3.6M
100c
SOFR+575 bp
TPG Twin Brook Capital Income Funddelayed draw term loan first lien
First lien senior secured delayed draw term loan 2
$3.2M$3.1M
100c
S+575 bp
TPG Twin Brook Capital Income Funddelayed draw term loan first lien
First lien senior secured delayed draw term loan 2
$3.2M$3.1M
100c
S+575 bp
TPG Twin Brook Capital Income Funddelayed draw term loan first lien
First lien senior secured delayed draw term loan 2
$3.2M$3.1M
100c
S+575 bp
PENNANTPARK INVESTMENT CORPterm loan first lien
A withheld name A withheld name
$1.9MNot disclosedS+575 bp
PennantPark Floating Rate Capital Ltd.term loan first lien
A withheld name 10/22/2026 Industry Consumer Services Current Coupon 9.56% Basis Point Spr
Not disclosed$7.9M//fasb.org/+590 bp
TPG Twin Brook Capital Income Fundunstated lien unstatedNot disclosedNot disclosed
TPG Twin Brook Capital Income Fundunstated lien unstatedNot disclosedNot disclosed
TPG Twin Brook Capital Income Fundunstated lien unstatedNot disclosedNot disclosed

Capital structure as the BDCs see it

latest quarter end a withheld name
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $23.7M98cSOFR+590 bpOct 22, 20263
first lien delayed draw term loan first lienat least $3.2M100cS+575 bpOct 22, 20261
delayed draw term loan lien unstatedat least $3.0M93cSOFR+575 bpOct 22, 20262
term loan lien unstatedat least $1.6Mn/aSOFR+575 bpOct 22, 20261
other lien unstatedat least $901,00093cS+585 bpOct 22, 20262
All 6 facilitiesheld first, largest first
FacilityHeldOn costPricingMaturityBDCs
revolver lien unstatedat least $730,039n/aSOFR+575 bpOct 22, 20262

Through time

the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
a withheld name5$200M$109M123c0
Jun 30, 20265$33.1M$32.0M111c0
Mar 31, 20265$33.2M$32.6M112c0
Dec 31, 20243$5.7M$5.5M256c0
All 12 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Sep 30, 20242$5.7M$5.5M257c0
Jun 30, 20242$4.9M$4.6M218c0
Mar 31, 20242$5.7M$5.5M257c0
Dec 31, 20232$7.7M$7.4M242c0
Sep 30, 20231$2.4M$2.3M100c0
Jun 30, 20231$2.4M$2.2M100c0
Mar 31, 20231$2.4M$2.2M101c0
Dec 31, 20221$2.4M$947,000100c0

What changed

  • Maturity approachingOct 22, 2026
  • Maturity approachingOct 22, 2026
  • Maturity approachingOct 22, 2026
  • Maturity approachingOct 22, 2026
  • Maturity approachingOct 22, 2026

+18 additional dated changes on this borrower

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Capital chain

This record sits on 17 traced paths of capital across the graphs.

PE sponsor to borrower to facility to lenderSponsor to borrower to facility to lender

DFX traced 17 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Position history

50 field-level changes across filed schedules, latest first
  • Marked down99.2% of cost to 93.3% of cost
    2026-06-30
  • Marked down97.9% of cost to 76.2% of cost
    2026-06-30
  • Principal increased$1.3M to $1.8M
    2026-06-30

+47 more position changes

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.

›Connections

every published relationship on the graph

+1 connection on the graph

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.