DFX Intelligence
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Borrower
T•• S•••••• A••••••••• C•
Electronic Equipment, Instruments and Componentsgroup grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP
Principal held
at least $20.3M
sum of BDC pieces, a lower bound
Fair value
$20.4M
101c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Oct 16, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
1
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $10.5M | 101c | S+425 bp | Oct 24, 2031 | 1 |
| first lien term loan first lien | at least $9.8M | 100c | SOFR+425 bp | Oct 16, 2031 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $10.5M | $10.5M 101c | S+425 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien Investment F•••• L••• S••••• S•••••• L••• I••••••• R••• 7.92% (S + 4.25%) M••••••• D••• 10 | $9.8M | $9.9M 100c | SOFR+425 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 | 2 | $20.3M | $20.4M | 101c | 0 |
| Mar 31, 2026 | 2 | $34.9M | $35.0M | 101c | 0 |
| Dec 31, 2025 | 2 | $44.9M | $45.5M | 102c | 0 |
| Sep 30, 2025 | 2 | $35.1M | $35.3M | 101c | 0 |
| Jun 30, 2025 | 2 | $35.2M | $35.3M | 101c | 0 |
| Mar 31, 2025 | 2 | $35.3M | $35.3M | 101c | 0 |
| Dec 31, 2024 | 2 | $60.8M | $61.1M | 101c | 0 |
What changed
- New borrower on a BDC scheduleDec 31, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- TCP SUNBELTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Electronic Equipment, Instruments and Componentsreportedas one filer wrote it