ConnectWise, LLC
A software platform for managed service providers (MSPs) - the IT firms that remotely run technology for other businesses. ConnectWise bundles the tools an MSP needs to operate: professional-services automation (ticketing, billing, project management), remote monitoring and management of client devices, and cybersecurity management.
Company profile compiled from public sources (company filings, rating-agency reports, and press releases) — distinct from the SEC Schedule-of-Investments pricing data below.
Lenders
ConnectWise, LLC is held by 2 BDC lenders in our parsed SEC filings: AGTC, PSBD.
Cross-lender loan pricing
Each row is one debt tranche at the BDC’s most recent filing that holds this borrower, widest spread first. Mark is the position’s fair value as a percent of par (100 = par). Spread is shown in basis points over the benchmark in the Rate column, normalized from each filing’s as-reported units — rows quoting different benchmarks are still not directly comparable. Compare like-for-like: a second-lien tranche, a different vintage, or an older filing should price wider even when the credit view is identical — check the Type and Filing columns before reading a gap as disagreement. Source: SEC EDGAR (public).
| BDC | Type | Rate | Cash spread (bps) | Mark (% of par) | Fair Value | Maturity | Filing |
|---|---|---|---|---|---|---|---|
| AGTC | 1L Sr Secured | SOFR | 350 | 91.7 | $64M | 2028-09 | 2026-08-07 |
| PSBD | 1L Sr Secured | SOFR | 350 | 92.4 | $5M | 2028-09-29 | 2026-08-05 |
Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith by each BDC’s board, so figures are estimates as of the filing date and are not directly comparable across managers. Informational only; not investment advice or a valuation.
Ownership & deal activity
Ownership and acquisition events compiled from public sources and audited against the linked source. Each event links to its source; “(reported)” marks a lower-confidence item. Verify anything material against the original source.
- sponsor changeConnectWise founder Arnie Bellini exits CEO role; Jason Magee named CEO post-acquisitionUpon close of the Thoma Bravo acquisition on February 28, 2019, ConnectWise founder and CEO Arnie Bellini transitioned to an advisory role and COO Jason Magee became CEO, marking a formal management/ownership transition.
- lboThoma Bravo acquires ConnectWise from founders in leveraged buyoutThoma Bravo acquired Tampa-based ConnectWise from founder Arnie Bellini (who transitioned to an advisory role) in a buyout estimated at approximately $1.5 billion, ending founder-only ownership and installing Jason Magee as CEO.
Headlines mentioning ConnectWise, LLC
Reading this table
When two business development companies lend to the same borrower, comparing how each marks the loan is a starting question, not a verdict. In plain English: a wider spread (e.g. S+575 vs S+525) or a lower mark (e.g. 96 vs 100 cents on the dollar) can mean that lender is pricing in more risk — but marks can also differ for reasons other than a credit view: a different tranche (second lien should price wider than first lien on the same company), a different vintage or entry point, an older filing date, or each manager’s own fair-value methodology. Compare like-for-like — check the Type and Filing columns before reading a gap as disagreement. Each row is one debt position at one BDC’s most recent filing. Source: SEC EDGAR Schedule of Investments (public).
Want to read these numbers like an analyst? Free Oxford Ledge lessons: reading a BDC’s Schedule of Investments, key credit metrics, and the Five Cs of credit analysis.