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A private credit borrower
What matters now
- 100¢ → 94¢consensus mark
Consensus mark 94¢ on cost, down from 100¢ in Q3 2025, 95¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived3 of 4 lenders' own marks, weighted by principal
Lender marks
Consensus Q3 2025 100¢, Q4 2025 100¢, Q1 2026 95¢, Q2 2026 94¢. Hover a line for one lender.
Lenders with a mark per quarter end: Q3 2025 3, Q4 2025 3, Q1 2026 3, Q2 2026 3. 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 | 100¢ | 100¢ | 95¢ | 94¢ |
| KKR FS Income Trust | 100¢ | 100¢ | 95¢ | 95¢ |
| FS KKR Capital Corp | 100¢ | 100¢ | 95¢ | 94¢ |
| KKR FS Income Trust Select | 100¢ | 100¢ | 95¢ | 95¢ |
1 more lender is drawn on the chart without a name; the lender list opens with the record.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| KKR FS Income Trust | $56.9M | 95¢ | 0 pts |
| FS KKR Capital Corp | $38.3M | 94¢ | -1 pts |
| KKR FS Income Trust Select | $33.7M | 95¢ | 0 pts |
4 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 · 23 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| KKR FS Income Trust | unstated lien unstated Software & Services 1 | $42.4M | $40.0M 95c | S+450 bp |
| KKR FS Income Trust Select | unstated lien unstated Software & Services 1 | $25.1M | $23.7M 95c | S+450 bp |
| FS KKR Capital Corp | unstated lien unstated Software & Services 5 | $20.0M | $18.9M 95c | S+450 bp |
| KKR FS Income Trust | unstated lien unstated Software & Services 3 | $8.7M | $8.2M 94c | S+450 bp |
| FS KKR Capital Corp | unstated lien unstated Software & Services 1 | $7.7M | $7.2M 94c | S+450 bp |
View all 20 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| FS KKR Capital Corp | unstated lien unstated Software & Services 3 | $6.4M | $6.0M 94c | S+450 bp |
| KKR FS Income Trust Select | unstated lien unstated Software & Services 3 | $5.2M | $4.9M 94c | S+450 bp |
| KKR FS Income Trust | unstated lien unstated Software & Services 4 | $3.9M | $3.7M 94c | S+450 bp |
| FS KKR Capital Corp | unstated lien unstated Software & Services 4 | $2.8M | $2.7M 96c | S+450 bp |
| KKR FS Income Trust Select | unstated lien unstated Software & Services 4 | $2.3M | $2.2M 94c | S+450 bp |
| KKR FS Income Trust | unstated lien unstated Software & Services 2 | $1.9M | $1.8M 94c | S+450 bp |
| FS KKR Capital Corp | unstated lien unstated Software & Services 2 | $1.4M | $1.3M 93c | S+450 bp |
| KKR FS Income Trust Select | unstated lien unstated Software & Services 2 | $1.1M | $1.1M 95c | S+450 bp |
| FS KKR Capital Corp | unstated lien unstated | Not disclosed | Not disclosed | |
| FS KKR Capital Corp | unstated lien unstated | Not disclosed | Not disclosed | |
| FS KKR Capital Corp | unstated lien unstated | Not disclosed | Not disclosed | |
| KKR FS Income Trust | unstated lien unstated | Not disclosed | Not disclosed | |
| KKR FS Income Trust | unstated lien unstated | Not disclosed | Not disclosed | |
| KKR FS Income Trust Select | unstated lien unstated | Not disclosed | Not disclosed | |
| KKR FS Income Trust Select | 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 |
|---|---|---|---|---|---|
| other lien unstated | at least $145M | 94c | S+450 bp | Sep 24, 2032 | 4 |
Through time
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 4 | $145M | $133M | 103c | 0 |
| Mar 31, 2026 | 4 | $145M | $134M | 104c | 0 |
| Dec 31, 2025 | 4 | $145M | $141M | 109c | 0 |
| Sep 30, 2025 | 4 | $150M | $145M | 109c | 0 |
What changed
Owner and people
- Genstar Capital status unknown · 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.
Position history
- Principal increased$26.6M to $33.9M2025-12-31
- Principal decreased$61.8M to $38.3M2025-12-31
- Principal increased$45.0M to $57.1M2025-12-31
+4 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.