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A private credit borrower in diversified financial services
Nothing material in the last 200 days. Last change: 30 Jun 2025, Maturity extended (observed).
Lender marks
Consensus Q3 2024 102¢, Q4 2024 102¢, Q1 2025 101¢, Q2 2025 101¢. Hover a line for one lender.
Lenders with a mark per quarter end: Q3 2024 2, Q4 2024 2, Q1 2025 2, Q2 2025 2. 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 2024 | Q4 2024 | Q1 2025 | Q2 2025 |
|---|---|---|---|---|
| Consensus | 102¢ | 102¢ | 101¢ | 101¢ |
| FS KKR Capital Corp | 102¢ | 102¢ | 101¢ | 101¢ |
| BlackRock TCP Capital Corp. | 103¢ | 102¢ | 101¢ | 101¢ |
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| FS KKR Capital Corp | $125M | 101¢ | 0 pts |
| BlackRock TCP Capital Corp. | $19.1M | 101¢ | 0 pts |
Every BDC piece · 5 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| FS KKR Capital Corp | term loan lien unstated Term Loan A, Financial Services | $76.5M | $76.5M 101c | S+900 bp |
| FS KKR Capital Corp | term loan lien unstated Term Loan B, Financial Services 2 | $36.1M | $36.1M 100c | S+900 bp |
| BlackRock TCP Capital Corp. | term loan first lien First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 11.26% Total Coupon 15.56% Maturity 11 | $19.1M | $19.1M 101c | SOFR+1126 bp |
| FS KKR Capital Corp | term loan lien unstated Term Loan B, Financial Services 1 | $12.0M | $12.0M 100c | S+900 bp |
| FS KKR Capital Corp | term loan lien unstated Term Loan B | Not disclosed | Not disclosed | S+900 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2025
Capital structure as the BDCs see it
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| term loan lien unstated exited Jun 30, 2025 | at least $125M | 101c | S+900 bp | Jun 1, 2026 | 1 |
| first lien term loan first lien exited Jun 30, 2025 | at least $19.1M | 101c | SOFR+1126 bp | Nov 3, 2025 | 1 |
| unsecured or subordinated subordinated debt unsecured or subordinated exited Mar 31, 2024 | at least $5.0M | 104c | S+850 bp | Oct 8, 2027 | 1 |
Through time
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $144M | $144M | 101c | 0 |
| Mar 31, 2025 | 2 | $159M | $159M | 101c | 0 |
| Dec 31, 2024 | 2 | $295M | $295M | 102c | 0 |
| Sep 30, 2024 | 2 | $167M | $167M | 102c | 0 |
All 13 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2024 | 1 | $143M | $144M | 103c | 0 |
| Mar 31, 2024 | 2 | $178M | $179M | 103c | 0 |
| Dec 31, 2023 | 2 | $376M | $379M | 103c | 0 |
| Sep 30, 2023 | 2 | $203M | $204M | 103c | 0 |
| Jun 30, 2023 | 2 | $203M | $204M | 103c | 0 |
| Mar 31, 2023 | 2 | $203M | $204M | 103c | 0 |
| Dec 31, 2022 | 2 | $406M | $406M | 103c | 0 |
| Sep 30, 2022 | 1 | $173M | $174M | 104c | 0 |
| Dec 31, 2021 | 1 | $331M | $332M | 105c | 2 |
What changed
- Maturity extended (observed)Jun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- Lender left a facilityJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
+8 additional dated changes on this borrower
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Owner and people
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
- Position exitedfrom $19.1M2025-09-30
- Position exitedfrom $125M2025-09-30
- Principal decreased$137M to $125M2025-06-30
+21 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.