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A private credit provider
Direct lender, based in Philadelphia, PA, advising 7 BDCs with $18B at fair value across 267 borrowers.
Composed from this provider's classification, location and filed figures.
- BDC fair value
- $18B
- Borrowers
- 267
- Sponsors
- 24
What matters now
- $1.44Bon non-accrual, 14 borrowers
14 borrowers on non-accrual, $1.44B principal; the largest is Kellermeyer Bergensons Services LLC ($338M at FS KKR Capital Corp).
Q2 2026 · Loans that have stopped paying interest; they set the book's credit losses.
FactBDC schedules of investments, 30 Jun 2026For LPs and shareholders in these BDCs, co-lenders on the same namesOpen Kellermeyer Bergensons Services LLC → - $114Mnewly on non-accrual
2 borrowers newly placed on non-accrual in Q2 2026, $114M principal: Heniff Transportation Systems LLC ($102M at FS KKR Capital Corp), Alacrity Solutions Group LLC ($11.8M at FS KKR Capital Corp).
Q2 2026 · The newest credit problems in the book.
- 23 below 80¢$1.49B principal
23 positions across 17 borrowers marked below 80¢ on cost, $1.49B principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026 - 21 new sponsorsin 12 months
At least 21 new sponsors began borrowing from this lender in the last twelve months, and 19 sponsors came back for another deal.
New sponsor relationships are where its next deals come from.
- 4 new borrowers4 quarters, against 6
Financed 4 new sponsor-backed borrowers in the last four quarters, against 6 in the four before.
The pace of new lending against the year before.
Every figure, and the identifiersCRD 292803 · 1 other DFX graphsShowHide
What they say they lend against
What they have actually funded
Every debt and equity piece the provider's BDCs reported in their latest schedules of investments, in the filers' own numbers. 2,644 positions.
- Equity192 48%
- First lien167 42%
- Unsecured or subordinated28 7%
- Second lien10 3%
- Under $5M760 59%
- $5M to $15M285 22%
- $15M to $50M184 14%
- $50M and up68 5%
No industry breakdown is shown: an industry is recorded on 36.8% of published positions, and a mix built on that would describe which filers tag their schedules rather than what this lender prefers.
Relationship network
256 connected entities
From the latest schedules of investments of the BDCs this provider advises, the facilities and deals that name it, its Form ADV and its BDCs' 10-Ks. A borrower's figure is the BDCs' own fair value mark of their positions, not money moved.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the financings and sources behind it. Line weight is financings together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
›How strength and recency are read
Borrowers are ordered by the size of the position in the provider's BDCs, sponsors by how many of its borrowers they back. BDCs and funds are the vehicles it advises. Every figure is as filed, with its date.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
BDCs managed
| BDC | Fair value | Borrowers | As of |
|---|---|---|---|
| FS KKR Capital Corp | $13B | 224 | Jun 30, 2026 |
| KKR FS Income Trust | $3.2B | 167 | Jun 30, 2026 |
| KKR FS Income Trust Select | $1.8B | 145 | Jun 30, 2026 |
+4 additional BDCs managed
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Sponsor relationships
- The Sterling Group, L.P. inferredfirst Dec 31, 2021 · latest Jun 30, 2026 · 1 new in the last 4 quarters4 borrowers $422M
- 2 borrowers $304M
- 2 borrowers $260M
+21 additional sponsors this lender finances
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Named as lender on a deal
Facilities held or named
Credit funds on Form ADV
What changed
- Repeat sponsor and lender pair Jun 30, 2026
- Repeat sponsor and lender pair Jun 30, 2026
- Repeat sponsor and lender pair Jun 30, 2026
- Repeat sponsor and lender pair Jun 30, 2026
- Repeat sponsor and lender pair Jun 30, 2026
+35 additional dated changes on this lender
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
How this provider is known
How this provider is known
- Direct lender
- probable · bdc adviser 10kreportedsec.gov
- RIA Intelligence
- 51a5fd4e-33cd-685f-f7fb-b086305addb9derivedname unique adv
Who to call
Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan
This record is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
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Not yet on record: credit fund assets.