DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
S••••••••• G••••• I••
Also written as: Inc. Emerald JV LP; S•••••••••
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 98¢ · 98¢Q2 2025 to Q2 2026
Principal held
at least $124M
sum of BDC pieces, a lower bound
Fair value
$120M
98c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
May 31, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M•• I••••••••• C•••• | $124M | 98¢ | 0 pts |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M•• I••••••••• C•••• | term loan first lien F•••• L••• D••• R•••••••• R••• and S••••• S + 5.75% I••••••• R••• F•••• 1.00% I••••••• R•• | $124M | $120M 98c | SOFR+575 bp |
| M•• I••••••••• C•••• | revolver first lien F•••• L••• D••• C••••••••• T••• R••••••• C••••••••• E••••••••• D••• 05/31/2029 | Not disclosed | Not disclosed | S+575 bp |
| M•• I••••••••• C•••• | revolver first lien F•••• L••• D••• C••••••••• T••• R••••••• C••••••••• E••••••••• D••• 5/31/2029 | Not disclosed | Not disclosed | S+575 bp |
| M•• I••••••••• C•••• | revolver first lien F•••• L••• D••• R•••••••• Credit F••••••• R•••••••• R••• and S••••• S + 5.75% I••••••• R•• | Not disclosed | $-422,000 373c | SOFR+575 bp |
Named as lender on a deal announcement: C•• (n/a) spectrumequity.com; N•••••• F•••••••• (n/a) spectrumequity.com; B••• o• A•••••• C••••••••• (n/a) spectrumequity.com
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $124M | 98c | SOFR+575 bp | May 31, 2030 | 1 |
| first lien revolver first lien | unknown | n/a | SOFR+575 bp | May 31, 2029 | 1 |
| other lien unstated exited Mar 31, 2023 | at least $5.9M | 100c | S+375 bp | Oct 10, 2025 | 1 |
| term loan lien unstated exited n/a from a deal announcement | size not stated | n/a | unstated | 0 | |
| term loan lien unstated exited n/a from a deal announcement | size not stated | n/a | unstated | 0 |
All 6 facilitiesShow fewerheld first, largest first
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| term loan lien unstated exited n/a from a deal announcement | size not stated | n/a | unstated | 0 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $124M | $120M | 98c | 0 |
| Mar 31, 2026 | 1 | $124M | $121M | 98c | 0 |
| Dec 31, 2025 | 1 | $125M | $124M | 100c | 0 |
| Sep 30, 2025 | 1 | $125M | $124M | 100c | 0 |
All 13 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $125M | $124M | 100c | 0 |
| Mar 31, 2025 | 1 | $126M | $124M | 100c | 0 |
| Dec 31, 2024 | 1 | $126M | $125M | 100c | 0 |
| Sep 30, 2024 | 1 | $126M | $125M | 100c | 0 |
| Jun 30, 2024 | 1 | $127M | $125M | 100c | 0 |
| Mar 31, 2023 | 1 | $5.9M | $5.9M | 100c | 0 |
| Dec 31, 2022 | 1 | $12.5M | $12.1M | 98c | 0 |
| Sep 30, 2022 | 1 | $6.0M | $5.8M | 97c | 0 |
| Dec 31, 2021 | 1 | $13.7M | $13.6M | 100c | 0 |
What changed
- Maturity shortened (observed)Dec 31, 2024
- Facility left every BDC scheduleMar 31, 2023
- Lender left a facilityMar 31, 2023
Sponsor
Possible relationship, not established: S••••••• E•••••, because a company of this name is on the sponsor's portfolio page (confidence 0.6). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- S••••••• E•••••
- pe transactionderivedspectrumequity.comconfidence 0.8
- S••••••• E•••••
- the sponsor's own portfolio page lists a company of this nameestimatedspectrumequity.com"••• Locked"
- S•• P•••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedstg.com"••• Locked"
Identity
- Group key
- SURVEYMONKEYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 2 BDCsderived
- Industry
- Software & Servicesreportedas one filer wrote it