IntraFi
Nexus Buyer, LLC is the borrowing/holding entity for IntraFi (formerly Promontory Interfinancial Network), a financial-technology company that operates a large deposit-placement network among U.S. banks. IntraFi invented reciprocal deposits and runs services such as IntraFi Network Deposits (including CDARS and Insured Cash Sweep) and IntraFi Funding, which let banks provide depositors access to expanded FDIC insurance across many institutions and let banks manage funding needs. Its network spans thousands of financial institutions, including a large majority of U.S. community banks and most of the largest U.S. banks.
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
SEC filing entity: Nexus Buyer LLC
IntraFi is held by 7 BDC lenders in our parsed SEC filings: AGTC, ARCC, FBLK, NMFC, OCSL, PSBD, PSEC.
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). Rows marked stale are from an earlier filing than the lender’s latest — the borrower is absent from its newest filing (exited, repaid, or reported under a different name).
| BDC | Type | Rate | Spread (bps) | Mark (% of par) | Fair Value | Maturity | Filing |
|---|---|---|---|---|---|---|---|
| AGTC | 2L / Mezz | SOFR | 575 | 96.5 | $102M | 2032-02 | 2026-05-12 |
| ARCC | 2L / Mezz | SOFR | 575 | 96.5 | $120M | 2032-02 | 2026-04-28 |
| PSBD | 1L Sr Secured | SOFR | 575 | 97.2 | $6M | 2032-01-30 | 2026-05-06 |
| FBLK | 2L / Mezz | SOFR | 375 | 98.5 | $8M | 2026-11-09 | 2023-11-13 |
| OCSL | 1L Sr Secured | SOFR | 350 | 96.4 | $2M | 2031-07-31 | 2026-05-05 |
| PSBD | 1L Sr Secured | SOFR | 350 | 96.4 | $9M | 2031-07-31 | 2026-05-06 |
| NMFC | 1L Sr Secured | SOFR | 400 | 99.4 | $9M | 2031-07 | 2026-02-24 stale |
| NMFC | 1L Sr Secured | SOFR | 400 | 99.4 | $14M | 2031-07 | 2026-02-24 stale |
| PSEC | Debt | — | — | $22M | 2025-08-26 stale |
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.
- refinancingNexus Buyer LLC arranges $2.05B of credit facilities ($705M incremental first-lien TL + $1.3B second-lien refinancing)Cahill Gordon & Reindel represented lead arrangers in connection with $705M incremental first-lien term loans and a $1.3B refinancing of existing and incremental second-lien term loans for Nexus Buyer LLC, for general corporate purposes.
- divestitureBlackstone and Warburg Pincus weigh $12B+ sale or IPO of IntraFi (Nexus Buyer LLC operating company)Blackstone and Warburg Pincus began exploring strategic options for IntraFi — the operating company held under Nexus Buyer LLC — including a potential sale at $12B or more, or an IPO, in early 2025; no final decision had been made as of the report date.
- otherPromontory Interfinancial Network renamed IntraFi NetworkUnder Blackstone ownership, Promontory Interfinancial Network (the operating company held under Nexus Buyer LLC) changed its name to IntraFi Network in 2020.
- lboBlackstone acquires Promontory Interfinancial Network (PIN) via Nexus Buyer LLC for $2.5BNexus Buyer LLC was formed as the acquisition vehicle for Blackstone's leveraged buyout of Promontory Interfinancial Network (PIN), a Washington D.C.-based provider of deposit allocation technology services to U.S. banks, for approximately $2.5 billion; the deal closed in October 2019.
Headlines mentioning IntraFi
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).
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