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A private credit borrower
What matters now
- 89¢ → 88¢consensus mark
Consensus mark 88¢ on cost, down from 89¢ a year ago, 90¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived1 of 1 lender' own marks, weighted by principal - $7.33Mprincipal outstanding
$7.33M principal held by 1 lender; matures Sep 2027.
Q2 2026 · Refinancing is due in 12 months at a 88¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Lender marks
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| Nuveen Churchill Direct Lending Corp. | $7.33M | 88¢ | -2 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Nuveen Churchill Direct Lending Corp. | term loan first lien First Lien Debt | $5.8M | $5.1M 88c | S+575 bp |
| Nuveen Churchill Direct Lending Corp. | delayed draw term loan first lien First Lien Debt (Delayed Draw) | $1.5M | $1.3M 88c | S+575 bp |
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 $5.8M | 88c | S+575 bp | Sep 30, 2027 | 1 |
| first lien delayed draw term loan first lien | at least $1.5M | 88c | S+575 bp | Sep 30, 2027 | 1 |
| delayed draw term loan lien unstated exited Dec 31, 2024 | at least $7.4M | 88c | S+575 bp | Sep 30, 2027 | 1 |
| other lien unstated exited Sep 30, 2025 | at least $7.4M | 90c | S+575 bp | Sep 30, 2027 | 1 |
| first lien term loan first lien exited Oct 22, 2021 from a deal announcement | size not stated | n/a | unstated | 1 |
Through time
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $7.3M | $6.4M | 88c | 0 |
| Mar 31, 2026 | 1 | $7.3M | $6.6M | 90c | 0 |
| Dec 31, 2025 | 1 | $7.4M | $6.7M | 92c | 0 |
| Sep 30, 2025 | 1 | $7.4M | $6.6M | 90c | 0 |
All 15 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $7.4M | $6.6M | 89c | 0 |
| Mar 31, 2025 | 1 | $7.4M | $6.5M | 87c | 0 |
| Dec 31, 2024 | 1 | $14.9M | $13.1M | 88c | 0 |
| Sep 30, 2024 | 1 | $7.5M | $6.7M | 90c | 0 |
| Jun 30, 2024 | 1 | $7.5M | $7.0M | 94c | 0 |
| Mar 31, 2024 | 1 | $7.5M | $7.3M | 97c | 0 |
| Dec 31, 2023 | 1 | $7.5M | $7.4M | 98c | 0 |
| Sep 30, 2023 | 1 | $8.0M | $7.3M | 98c | 0 |
| Jun 30, 2023 | 1 | $8.0M | $7.1M | 97c | 0 |
| Mar 31, 2023 | 1 | $8.0M | $7.2M | 97c | 0 |
| Dec 31, 2022 | 1 | $8.0M | $5.9M | 98c | 0 |
What changed
Owner and people
- LLR Management Holdco, L.P.
- graded chain currentderivedllrpartners.comconfidence 0.9
- LLR Management Holdco, L.P.
- pe transactionderivedchurchillam.comconfidence 0.8
- LLR Management Holdco, L.P. ownership stated current, control · 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 10 traced paths of capital across the graphs.
DFX traced 10 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
- Position exitedfrom $7.4M2025-12-31
- New positionat $5.8M2025-12-31
- New positionat $1.5M2025-12-31
+11 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
+3 connections on the graph
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.