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Private-Credit Borrower

Vertex Service Partners, LLC and Vertex Service Partners Holdings, LLC

Vertex Service Partners is a residential home-improvement platform focused on roofing and other exterior work. It buys established local roofing and exterior contractors, lets them keep their own brands and crews, and gives them shared back-office systems, purchasing and management support. It was launched in July 2023 by the private-equity firm Alpine Investors alongside its first four partnerships - Cherry Roofing & Siding, McHale Roofing, Rogers Roofing and Victors Home Solutions - and has continued to add companies since.

Company profile compiled from public sources (company filings, rating-agency reports, and press releases) — distinct from the SEC Schedule-of-Investments pricing data below.

3
BDC Lenders
9
Debt Positions

Lenders

Vertex Service Partners, LLC and Vertex Service Partners Holdings, LLC is held by 3 BDC lenders in our parsed SEC filings: AGTC, ARCC, MSDL.

Cross-lender loan pricing

Lenders mark this name differently

ARCC carries this First Lien exposure at 85.8 while MSDL marks it at 96.1 — a 10.3-point gap on the same lien class, both marked for the quarter ended 2026-06-30. 1 other lender marks in between.

BDC marks are quarterly fair-value estimates. A gap this wide can reflect tranche mix within the same lien class, valuation timing, or genuine credit disagreement between the managers — it is a prompt to read both lenders’ filings, not a mispricing claim. Marks are fair value as a percent of par, FV-weighted where a lender holds multiple tranches.

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).

BDCTypeRateCash spread (bps)Mark (% of par)Fair ValueMaturityFiling
AGTC1L Sr SecuredSOFR60086.0$2M2030-112026-08-07
AGTC1L Sr SecuredPIK60086.0$20M2030-112026-08-07
AGTC1L Sr SecuredPIK60086.0$9M2030-112026-08-07
ARCC1L Sr SecuredSOFR60083.3$1M2030-112026-07-29
ARCC1L Sr SecuredPIK60086.7$3M2030-112026-07-29
ARCC1L Sr SecuredPIK60085.8$13M2030-112026-07-29
MSDL1L Sr SecuredPIK60096.5$2M2030-11-082026-08-06
MSDL1L Sr SecuredPIK60095.5$337K2030-11-082026-08-06
MSDL1L Sr SecuredPIK60096.0$3M2030-11-082026-08-06

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

No acquisition, ownership-change, or refinancing headlines for Vertex Service Partners, LLC and Vertex Service Partners Holdings, LLC are in our verified news index yet. Most BDC borrowers are private companies, so ownership events are not always public; absence reflects our indexing coverage, not the borrower’s deal activity.

Headlines mentioning Vertex Service Partners, LLC and Vertex Service Partners Holdings, LLC

We haven’t indexed any headlines that name Vertex Service Partners, LLC and Vertex Service Partners Holdings, LLC. That reflects our news-indexing coverage — not the borrower’s activity — so the absence is not a signal.

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.