DFX Intelligence
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Borrower
W•••• C•• B••••• L••
Trading Companies & Distributorsgroup grade Aon a schedule nowsponsor C••••••• D••••••• • R•••• L•• inferred
Also written as: Emerald JV LP; LLC 1 Emerald JV LP; Verdelite JV LP; W•••• Cap
Principal held
at least $51.0M
sum of BDC pieces, a lower bound
Fair value
$50.9M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
9
3 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Oct 19, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
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 $33.8M | 100c | S+325 bp | Oct 19, 2029 | 3 |
| first lien term loan first lien | at least $17.2M | 100c | SOFR+325 bp | Oct 19, 2029 | 6 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $12.8M | $12.7M 100c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $4.3M | $4.3M 100c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $16.7M | $16.7M 100c | S+325 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• B••••••• P••••••• I••••••• R••• 6.89% R•••••••• R••• | $14.8M | $14.8M 100c | SOFR+325 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• & S••••• S + 3.25% I••••••• R••• 6.89% M••••••• | $2.4M | $2.4M 100c | SOFR+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 | 3 | $51.0M | $50.9M | 100c | 0 |
| Mar 31, 2026 | 4 | $52.9M | $51.0M | 96c | 0 |
| Dec 31, 2025 | 5 | $86.2M | $86.6M | 101c | 0 |
| Sep 30, 2025 | 5 | $71.5M | $71.6M | 100c | 0 |
| Jun 30, 2025 | 5 | $70.4M | $70.0M | 100c | 0 |
| Mar 31, 2025 | 4 | $55.5M | $54.0M | 97c | 0 |
| Dec 31, 2024 | 6 | $131M | $131M | 100c | 0 |
| Sep 30, 2024 | 6 | $53.3M | $53.0M | 100c | 0 |
| Jun 30, 2024 | 6 | $49.1M | $49.3M | 101c | 0 |
| Mar 31, 2024 | 4 | $39.4M | $39.6M | 101c | 0 |
| Dec 31, 2023 | 5 | $51.9M | $52.1M | 101c | 0 |
| Sep 30, 2023 | 4 | $30.6M | $30.6M | 101c | 0 |
| Jun 30, 2023 | 2 | $28.8M | $28.6M | 100c | 0 |
| Mar 31, 2023 | 2 | $19.6M | $19.4M | 99c | 0 |
| Dec 31, 2022 | 2 | $43.6M | $42.2M | 97c | 0 |
| Sep 30, 2022 | 1 | $53.5M | $50.2M | 94c | 0 |
| Dec 31, 2021 | 1 | $23.8M | $23.9M | 100c | 0 |
What changed
- Lender left a facilityMar 31, 2026
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2024
- New lender joined a facilitySep 30, 2024
- New lender joined a facilitySep 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Lender left a facilityJun 30, 2024
- New lender joined a facilityJun 30, 2024
- New lender joined a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Lender left a facilityDec 31, 2023
- New lender joined a facilitySep 30, 2023
- Marked down (one lender)Sep 30, 2022
Sponsor
- C••••••• D••••••• • R•••• L••
- Form D signer consensus, grade Aestimated"••• Locked"
- T•• S••••••• G••••• L•••
- Form D signer consensus, grade Aestimated"••• Locked"
- C••••••• D••••••• • R•••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedcdr.com"••• Locked"
Identity
- Group key
- WHITE CAPderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 9 BDCsderived
- Industry
- Trading Companies & Distributorsreportedas one filer wrote it