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A private credit borrower in containers & packaging
Nothing material in the last 200 days. Last change: 30 Sep 2025, Maturity shortened (observed).
Lender marks
Consensus Q3 2025 102¢, Q4 2025 101¢, Q1 2026 101¢, Q2 2026 101¢. Hover a line for one lender.
Lenders with a mark per quarter end: Q3 2025 4, Q4 2025 4, Q1 2026 4, Q2 2026 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
| Lender | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Consensus | 102¢ | 101¢ | 101¢ | 101¢ |
| FS KKR Capital Corp | 102¢ | 101¢ | 101¢ | 101¢ |
| KKR Enhanced US Direct Lending Fund-L Inc. | no mark | no mark | no mark | no mark |
| KKR FS Income Trust | 102¢ | 101¢ | 101¢ | 101¢ |
2 more lenders are drawn on the chart without a name; the lender list opens with the record.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| FS KKR Capital Corp | $91.8M | 101¢ | 0 pts |
| KKR Enhanced US Direct Lending Fund-L Inc. | $49.2M | no cost filed | no comparable mark |
| KKR FS Income Trust | $29.2M | 101¢ | 0 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 · 21 positions across 5 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| FS KKR Capital Corp | term loan first lien | $67.4M | $67.4M 100c | S+580 bp |
| KKR Enhanced US Direct Lending Fund-L Inc. | unstated lien unstated | $38.2M | $38.2M | S+575 bp |
| KKR FS Income Trust | unstated lien unstated | $23.3M | $23.3M 100c | S+580 bp |
| FS KKR Capital Corp | term loan first lien | $15.2M | $20.2M 104c | S+580 bp |
| FS KKR Capital Corp | term loan first lien | $5.4M | $5.4M 100c | S+580 bp |
View all 14 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| KKR Enhanced US Direct Lending Fund-L Inc. | unstated lien unstated | $5.3M | $7.1M | S+575 bp |
| KKR Enhanced US Direct Lending Fund-L Inc. | unstated lien unstated | $4.0M | $1.7M | S+575 bp |
| FS KKR Capital Corp | term loan first lien | $3.8M | $3.8M 100c | S+580 bp |
| KKR FS Income Trust | unstated lien unstated | $3.8M | $5.0M 105c | S+580 bp |
| KKR Enhanced US Direct Lending Fund-L Inc. | unstated lien unstated | $1.6M | $1.6M | S+575 bp |
| KKR FS Income Trust | unstated lien unstated | $1.3M | $1.3M 100c | S+580 bp |
| KKR FS Income Trust | unstated lien unstated | $881,000 | $881,000 100c | S+580 bp |
| FS KKR Capital Corp | unstated lien unstated | Not disclosed | Not disclosed | |
| KKR FS Income Trust | unstated lien unstated | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
Capital structure as the BDCs see it
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $102M | 101c | SOFR+575 bp | Mar 1, 2029 | 2 |
| other lien unstated | at least $87.0M | 101c | S+580 bp | Mar 8, 2029 | 4 |
| first lien delayed draw term loan first lien | at least $10.4M | 100c | SOFR+575 bp | Dec 14, 2028 | 1 |
| delayed draw term loan lien unstated exited Jun 30, 2025 | unknown | n/a | unstated | 1 |
Through time
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 5 | $200M | $205M | 132c | 0 |
| Mar 31, 2026 | 5 | $230M | $235M | 127c | 0 |
| Dec 31, 2025 | 5 | $246M | $251M | 125c | 0 |
| Sep 30, 2025 | 5 | $222M | $232M | 130c | 0 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 5 | $223M | $233M | 131c | 0 |
| Mar 31, 2025 | 4 | $211M | $220M | 132c | 0 |
| Dec 31, 2024 | 4 | $374M | $388M | 116c | 0 |
| Sep 30, 2024 | 4 | $205M | $215M | 134c | 0 |
| Jun 30, 2024 | 4 | $204M | $209M | 130c | 0 |
| Mar 31, 2024 | 3 | $133M | $138M | 100c | 0 |
| Dec 31, 2023 | 1 | $258M | $265M | 101c | 0 |
| Sep 30, 2023 | 1 | $259M | $264M | 100c | 0 |
| Jun 30, 2023 | 1 | $260M | $267M | 101c | 0 |
| Mar 31, 2023 | 1 | $260M | $267M | 101c | 0 |
| Dec 31, 2022 | 1 | $521M | $532M | 101c | 0 |
| Sep 30, 2022 | 1 | $261M | $264M | 100c | 0 |
| Dec 31, 2021 | 1 | $263M | $272M | 103c | 0 |
What changed
- Maturity shortened (observed)Sep 30, 2025
- Maturity shortened (observed)Sep 30, 2025
- Maturity extended (observed)Jun 30, 2025
- New lender joined a facilityJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
+10 additional dated changes on this borrower
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Owner and people
- Frazier Healthcare Partners
- graded chain currentderivedfrazierhealthcare.comconfidence 0.9
- Frazier Healthcare Partners ownership stated current · credit outlook
The company this borrower is was matched by an identity-graded bridge; the owner is the firm its portfolio page or deal record names.
No person is named yet: no leadership page, deal announcement or filing DFX has read names this company’s chief executive, finance chief or treasurer, so no one is suggested.
This record sits on 9 traced paths of capital across the graphs.
DFX traced 9 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
- Principal decreased$10.6M to $8.6M2026-06-30
- Principal decreased$113M to $91.8M2026-06-30
- Principal decreased$36.0M to $29.2M2026-06-30
+32 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
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