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A private credit borrower

Borrower
group grade Aon a schedule nowsponsor Olympus Partners stated
See every lender's markSpecial situations PE firms

What matters now

  1. 1 of 2 lenders
    on non-accrual

    Non-accrual at 1 of 2 lenders on the latest schedules.

    since Q2 2026 · Interest has stopped accruing; the lenders no longer expect to be paid in full.

    FactBDC schedules of investments, 30 Jun 2026For restructuring advisers, special situations funds, the lenders' LPsSee every lender →
  2. 103¢ → 87¢
    consensus mark

    Consensus mark 87¢ on cost, down from 103¢ a year ago, 89¢ last quarter.

    Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.

    Derived1 of 2 lenders' own marks, weighted by principal
  3. $112M
    principal outstanding

    $112M principal held by 2 lenders; matures Jul 2027.

    Q2 2026 · Refinancing is due in 9 months at a 87¢ mark.

    FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
Q2 2025: 103¢Q3 2025: 102¢Q4 2025: 100¢Q1 2026: 89¢Q2 2026: 87¢103¢ · 102¢ · 100¢ · 89¢ · 87¢Q2 2025 to Q2 2026
Principal held
at least $112M
sum of BDC pieces, a lower bound
Fair value
$97.3M
87c on cost, debt pieces
Unfunded
$600,000
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jul 1, 2027
$112M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
6
dated, non-routine

Lender marks

each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
How each lender’s mark moved, last 4 quarter ends
Consensus, weighted by principalOne lender
85¢90¢95¢100¢105¢Q3 2025Q4 2025Q1 2026Q2 2026FS KKR Capital Corp: Q3 2025 102¢, Q4 2025 100¢, Q1 2026 89¢, Q2 2026 87¢87¢

Consensus Q3 2025 102¢, Q4 2025 100¢, Q1 2026 89¢, Q2 2026 87¢. Hover a line for one lender.

Lenders with a mark per quarter end: Q3 2025 1, Q4 2025 1, Q1 2026 1, Q2 2026 1. 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
LenderQ3 2025Q4 2025Q1 2026Q2 2026
Consensus102¢100¢89¢87¢
FS KKR Capital Corp102¢100¢89¢87¢
KKR Enhanced US Direct Lending Fund-L Inc.no markno markno markno mark
LenderExposureCurrent markQoQ change
FS KKR Capital Corp$102M87¢-2 pts
KKR Enhanced US Direct Lending Fund-L Inc.$10.6Mno cost filedno comparable mark
Every BDC piece · 8 positions across 2 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
FS KKR Capital Corpterm loan first lien$70.7M$61.2M
88c
S+600 bp
FS KKR Capital Corpterm loan first lien$17.6M$15.3M
87c
S+600 bp
FS KKR Capital Corpterm loan first lien$12.9M$11.1M
88c
S+650 bp
KKR Enhanced US Direct Lending Fund-L Inc.unstated lien unstated$10.2M$8.8M
PIK 6.00%
FS KKR Capital Corpterm loan first lien$600,000$500,000
83c
S+600 bp
View all 8 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
KKR Enhanced US Direct Lending Fund-L Inc.unstated lien unstated$235,000$204,000S+650 bp
KKR Enhanced US Direct Lending Fund-L Inc.unstated lien unstated$204,000$170,000
PIK 6.00%
FS KKR Capital Corpunstated lien unstatedNot disclosedNot disclosed

Capital structure as the BDCs see it

latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $102M87cS+650 bpJul 1, 20271
other lien unstatedat least $10.6Mn/aS+650 bp
PIK 6.00%
Jul 1, 20272

Through time

the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20262$112M$97.3M97c2
Mar 31, 20262$110M$96.3M98c0
Dec 31, 20252$110M$108M110c0
Sep 30, 20252$119M$119M112c0
All 17 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20252$121M$121M113c0
Mar 31, 20252$122M$122M113c0
Dec 31, 20242$233M$233M108c0
Sep 30, 20242$122M$122M114c0
Jun 30, 20242$122M$122M114c0
Mar 31, 20241$112M$112M104c0
Dec 31, 20231$112M$112M105c0
Sep 30, 20231$112M$112M105c0
Jun 30, 20231$146M$144M103c0
Mar 31, 20231$172M$169M102c0
Dec 31, 20221$345M$334M101c0
Sep 30, 20221$174M$168M101c0
Dec 31, 20211$175M$164M98c0

What changed

  • Maturity approachingJul 1, 2027
  • Maturity approachingJul 1, 2027
  • Maturity extended (observed)Jun 30, 2026
  • Placed on non-accrualJun 30, 2026
  • Maturity extended (observed)Jun 30, 2026

+6 additional dated changes on this borrower

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

Capital chain

This record sits on 3 traced paths of capital across the graphs.

Sponsor to borrower to facility to lender

DFX traced 3 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

15 field-level changes across filed schedules, latest first
  • Maturity extended2026-12-01 to 2027-07-01
    2026-06-30
  • Maturity extended2026-12-03 to 2027-07-01
    2026-06-30
  • Marked down99.7% of cost to 89.0% of cost
    2026-03-31

+12 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.