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A private credit borrower in professional services
Latest dated change: 30 Jun 2026, New lender joined a facility. Every change is listed below.
Lender marks
Consensus Q3 2025 100¢, Q4 2025 100¢, Q1 2026 99¢, Q2 2026 98¢. Hover a line for one lender.
Lenders with a mark per quarter end: Q3 2025 16, Q4 2025 14, Q1 2026 14, Q2 2026 15. 2 lenders that held it earlier and not at the latest quarter end are not drawn. 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¢ | 99¢ | 98¢ |
| GOLUB CAPITAL BDC, Inc. | 100¢ | 100¢ | 97¢ | 97¢ |
| New Mountain Guardian IV BDC, L.L.C. | 100¢ | 100¢ | 100¢ | 99¢ |
| BlackRock Private Credit Fund | 100¢ | 99¢ | 98¢ | 98¢ |
12 more lenders are drawn on the chart without a name; the lender list opens with the record.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| GOLUB CAPITAL BDC, Inc. | $84.2M | 97¢ | 0 pts |
| New Mountain Guardian IV BDC, L.L.C. | $24.3M | 99¢ | -1 pts |
| BlackRock Private Credit Fund | $24M | 98¢ | 0 pts |
15 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 · 65 positions across 15 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 1 | Non-Affiliated Issuer | $78.0M | $76.0M 97c | S+500 bp |
| BlackRock Private Credit Fund | delayed draw term loan first lien A lender) Spread 5.00% Total Coupon 8.64% Maturity 9/30/2029 | $12.1M | $11.9M 98c | SOFR+500 bp |
| New Mountain Guardian IV BDC, L.L.C. | term loan first lien a withheld name 1 | $11.1M | $11.0M 99c | S+500 bp |
| BlackRock Private Credit Fund | term loan first lien A lender) Floor 1.00% Spread 5.00% Total Coupon 8.64% Maturity 10/1/2029 | $10.3M | $10.0M 98c | SOFR+500 bp |
| New Mountain Guardian IV BDC, L.L.C. | term loan first lien a withheld name 2 | $7.5M | $7.4M 99c | S+500 bp |
View all 19 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 2 | Non-Affiliated Issuer | $3.2M | $3.1M 97c | S+500 bp |
| New Mountain Guardian IV BDC, L.L.C. | term loan first lien a withheld name 3 | $2.9M | $2.8M 99c | S+500 bp |
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 3 | Non-Affiliated Issuer | $1.6M | $1.6M 97c | S+500 bp |
| BlackRock Private Credit Fund | delayed draw term loan first lien A lender) Floor 1.00% Spread 5.00% Total Coupon 8.64% Maturity 9/30/2029 | $1.4M | $1.4M 98c | SOFR+500 bp |
| New Mountain Guardian IV BDC, L.L.C. | term loan first lien a withheld name 4 | $864,000 | $857,000 100c | S+500 bp |
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 4 | Non-Affiliated Issuer | $736,000 | $718,000 98c | S+500 bp |
| New Mountain Guardian IV BDC, L.L.C. | term loan first lien a withheld name - a withheld name | $683,000 | -$5,000 | S+500 bp |
| New Mountain Guardian IV BDC, L.L.C. | term loan first lien a withheld name 5 | $641,000 | $637,000 99c | S+500 bp |
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 5 | Non-Affiliated Issuer | $587,000 | $572,000 98c | S+500 bp |
| New Mountain Guardian IV BDC, L.L.C. | term loan first lien a withheld name 6 | $287,000 | $285,000 99c | S+500 bp |
| New Mountain Guardian IV BDC, L.L.C. | term loan first lien a withheld name 7 | $229,000 | $227,000 99c | S+500 bp |
| BlackRock Private Credit Fund | revolver first lien A withheld name) Floor 1.00% Spread 5.00% Total Coupon 8.64% Maturity 10/1/2029 | $197,141 | $137,999 71c | SOFR+500 bp |
| New Mountain Guardian IV BDC, L.L.C. | term loan first lien a withheld name | $105,000 | $104,000 100c | S+500 bp |
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 6 | Non-Affiliated Issuer | $68,000 | $55,000 82c | S+500 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 $246M | 98c | SOFR+500 bp | Oct 1, 2029 | 15 |
| first lien delayed draw term loan first lien | at least $13.5M | 98c | SOFR+500 bp | Sep 30, 2029 | 1 |
| first lien revolver first lien | at least $197,141 | 71c | SOFR+500 bp | Oct 1, 2029 | 6 |
| other lien unstated exited Jun 30, 2025 | at least $10.6M | 101c | S+500 bp | unstated | 5 |
| revolver lien unstated exited Dec 31, 2024 | unknown | n/a | S+500 bp | unstated | 1 |
All 6 facilitiesShow fewerheld first, largest first
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| delayed draw term loan lien unstated exited Jun 30, 2025 | unknown | n/a | S+500 bp | unstated | 1 |
Through time
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 15 | $259M | $253M | 98c | 0 |
| Mar 31, 2026 | 14 | $243M | $237M | 99c | 0 |
| Dec 31, 2025 | 14 | $264M | $260M | 100c | 0 |
| Sep 30, 2025 | 16 | $401M | $395M | 100c | 1 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 16 | $305M | $296M | 100c | 0 |
| Mar 31, 2025 | 16 | $306M | $297M | 100c | 0 |
| Dec 31, 2024 | 16 | $448M | $433M | 101c | 0 |
| Sep 30, 2024 | 17 | $331M | $320M | 101c | 0 |
| Jun 30, 2024 | 18 | $331M | $318M | 100c | 0 |
| Mar 31, 2024 | 15 | $279M | $274M | 101c | 0 |
| Dec 31, 2023 | 16 | $402M | $392M | 101c | 0 |
What changed
Owner and people
- Genstar Capital
- graded chain currentderivedgencap.comconfidence 0.9
- Genstar Capital ownership stated current · credit outlook
- Stone Point Capital LLC listed on its portfolio page, undated · 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
- Position exited2026-06-30
- Position exited2026-06-30
- Principal decreased$16.4M to $15.6M2026-06-30
+147 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.