DFX Intelligence
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Borrower
I••••••••• L••
group grade Aoff every schedule since Sep 30, 2025sponsor unattributed
Also written as: LLC Emerald JV LP
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q3 2024 to Q3 2025
Principal held
at least $14.3M
sum of BDC pieces, a lower bound
Fair value
$14.4M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
4
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Oct 27, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Sep 30, 2025
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $9.9M | 100¢ | 0 pts |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | $4.42M | 100¢ | 0 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $9.9M | $9.9M 100c | S+225 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien | $4.4M | $4.4M 100c | S+225 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Sep 30, 2025 | at least $9.9M | 100c | S+225 bp | Oct 27, 2028 | 1 |
| first lien term loan first lien exited Sep 30, 2025 | at least $4.4M | 100c | S+225 bp | Oct 27, 2028 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2025 | 2 | $14.3M | $14.4M | 100c | 0 |
| Jun 30, 2025 | 3 | $17.6M | $17.7M | 100c | 0 |
| Mar 31, 2025 | 2 | $14.4M | $14.4M | 100c | 0 |
| Dec 31, 2024 | 2 | $28.9M | $29.0M | 100c | 0 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $4.5M | $4.5M | 100c | 0 |
| Jun 30, 2024 | 1 | $4.5M | $4.5M | 100c | 0 |
| Mar 31, 2024 | 2 | $3.6M | $3.6M | 100c | 0 |
| Dec 31, 2023 | 2 | $4.4M | $4.4M | 101c | 0 |
| Sep 30, 2023 | 2 | $2.3M | $2.3M | 100c | 0 |
| Jun 30, 2023 | 1 | $1.6M | $1.6M | 101c | 0 |
| Dec 31, 2022 | 1 | $1.6M | $1.6M | 99c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2025
- Facility left every BDC scheduleSep 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilitySep 30, 2023
- New borrower on a BDC scheduleSep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- INFORMATICAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived