DFX Intelligence
Private Credit 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
T•••••••• I•••••••• H•••••••• L••
I••••••••group grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; LLC Asset Type
Principal held
at least $635M
sum of BDC pieces, a lower bound
Fair value
$572M
91c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
12
10 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jun 1, 2032
no dated debt inside 24 months
On the tape since
Jun 30, 2025
latest Jun 30, 2026
Events
3
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien | at least $511M | 91c | S+575 bp | Jun 1, 2033 | 4 |
| first lien term loan first lien | at least $117M | 89c | SOFR+325 bp | Jun 17, 2032 | 8 |
| other lien unstated | at least $6.5M | 90c | S+325 bp | Jun 17, 2032 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• P•••••• C••••• F••• | term loan first lien Asset Type First Lien Term Loan Reference Rate and Spread S + 3.25% Interest Rate 7.00% Ma | $269,000 | $240,000 90c | SOFR+325 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset Type First Lien Term Loan Reference Rate and Spread S + 3.25% Interest Rate 7.00% Ma | $1.0M | $902,000 90c | SOFR+325 bp |
| A••• S•••••••• I••••• F••• | term loan first lien First lien senior secured loan | $6.8M | $6.1M 88c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $6.5M | $5.8M 90c | S+325 bp |
| B••• O•• C•••••• C••• | term loan second lien Second lien senior secured loan | Non-Affiliated | $150M | $135M 91c | S+575 bp |
| B••• O•• C••••• I••••• C•••• | term loan first lien First lien senior secured loan | Non-Affiliated Issuer | $103M | $91.9M 89c | S+325 bp |
| B••• O•• C••••• I••••• C•••• | term loan second lien Second lien senior secured loan | Non-Affiliated Issuer | $276M | $249M 91c | S+575 bp |
| B••• O•• T••••••••• F•••••• C•••• | term loan second lien Second lien senior secured loan | Non-Affiliated Issuer | $60.5M | $54.6M 91c | S+575 bp |
| B••• O•• T••••••••• I••••• C•••• | term loan second lien Second lien senior secured loan | $25.0M | $22.6M 91c | S+575 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien Senior secured | $4.0M | $3.6M 89c | S+325 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien First Lien Debt | $2.0M | $1.8M 90c | S+325 bp |
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 | 10 | $635M | $572M | 91c | 0 |
| Mar 31, 2026 | 10 | $641M | $621M | 98c | 0 |
| Dec 31, 2025 | 11 | $682M | $679M | 100c | 0 |
| Sep 30, 2025 | 9 | $670M | $670M | 101c | 0 |
| Jun 30, 2025 | 9 | $672M | $667M | 100c | 0 |
What changed
- Marked down across lendersJun 30, 2026
- Marked down across lendersJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New borrower on a BDC scheduleJun 30, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- TRUCORDIA INSURANCEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 12 BDCsderived
- Industry
- I••••••••reportedas one filer wrote it