DFX Intelligence
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Borrower
P••• I••••••••• L••
group grade Con a schedule nowsponsor unattributed
Also written as: Emerald JV LP
What matters now
- $42.4Mprincipal outstanding
$42.4M principal held by 1 lender; matures Mar 2028.
Q2 2026 · Refinancing is due in 17 months at a 99¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 99¢ · 99¢Q2 2025 to Q2 2026
Principal held
at least $42.4M
sum of BDC pieces, a lower bound
Fair value
$42.0M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Mar 9, 2028
$42.4M 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 |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $42.4M | 99¢ | 0 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $30.6M | $30.2M 99c | S+550 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $11.9M | $11.8M 99c | S+550 bp |
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 $42.4M | 99c | S+550 bp | Mar 9, 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 |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $42.4M | $42.0M | 99c | 0 |
| Mar 31, 2026 | 1 | $42.5M | $42.2M | 99c | 0 |
| Dec 31, 2025 | 1 | $42.7M | $42.7M | 100c | 0 |
| Sep 30, 2025 | 1 | $42.8M | $42.8M | 100c | 0 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $42.9M | $42.9M | 100c | 0 |
| Mar 31, 2025 | 1 | $43.0M | $43.0M | 100c | 0 |
| Dec 31, 2024 | 1 | $86.2M | $86.2M | 100c | 0 |
| Sep 30, 2024 | 1 | $60.1M | $60.1M | 100c | 0 |
| Jun 30, 2024 | 1 | $60.2M | $60.2M | 100c | 0 |
| Mar 31, 2024 | 1 | $60.4M | $60.4M | 100c | 0 |
| Dec 31, 2023 | 1 | $86.9M | $86.9M | 100c | 0 |
| Sep 30, 2023 | 1 | $50.7M | $50.7M | 100c | 0 |
| Jun 30, 2023 | 1 | $50.8M | $50.8M | 100c | 0 |
| Mar 31, 2023 | 1 | $14.3M | $14.3M | 100c | 0 |
| Dec 31, 2022 | 1 | $51.1M | $51.1M | 100c | 0 |
| Sep 30, 2022 | 1 | $102M | $99.9M | 100c | 0 |
| Dec 31, 2021 | 1 | $22.1M | $22.1M | 100c | 0 |
What changed
- Maturity approachingMar 9, 2028
- Maturity extended (observed)Dec 31, 2024
- Spread increasedDec 31, 2022
- Maturity shortened (observed)Dec 31, 2022
- Maturity extended (observed)Sep 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
- P••• I•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived