DFX 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
L••• G••••• I••
group grade Con a schedule nowsponsor unattributed
Also written as: Emerald JV LP
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 102¢ · 102¢ · 101¢Q2 2025 to Q2 2026
Principal held
at least $963M
sum of BDC pieces, a lower bound
Fair value
$963M
101c on cost, debt pieces
Unfunded
$35.0M
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
May 10, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
5
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••• | $963M | 101¢ | -1 pts |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $443M | $443M 102c | S+425 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $281M | $281M 101c | S+425 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $239M | $239M 102c | S+425 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+425 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| delayed draw term loan lien unstated | at least $963M | 101c | S+425 bp | May 10, 2030 | 1 |
| other lien unstated exited Dec 31, 2022 | at least $201M | 101c | S+725 bp | Oct 2, 2024 | 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 | $963M | $963M | 101c | 0 |
| Mar 31, 2026 | 1 | $964M | $964M | 102c | 0 |
| Dec 31, 2025 | 1 | $726M | $726M | 102c | 0 |
| Sep 30, 2025 | 1 | $281M | $280M | 101c | 0 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $281M | $280M | 101c | 0 |
| Mar 31, 2025 | 1 | $281M | $280M | 101c | 0 |
| Dec 31, 2024 | 1 | $562M | $561M | 101c | 0 |
| Sep 30, 2024 | 1 | $611M | $610M | 101c | 0 |
| Jun 30, 2024 | 1 | $252M | $251M | 100c | 0 |
| Mar 31, 2024 | 1 | $263M | $262M | 100c | 0 |
| Dec 31, 2023 | 1 | $252M | $251M | 100c | 0 |
| Sep 30, 2023 | 1 | $253M | $252M | 100c | 0 |
| Jun 30, 2023 | 1 | $220M | $219M | 100c | 0 |
| Mar 31, 2023 | 1 | $173M | $171M | 101c | 0 |
| Dec 31, 2022 | 1 | $201M | $199M | 101c | 0 |
| Sep 30, 2022 | 1 | $174M | $172M | 101c | 0 |
| Dec 31, 2021 | 1 | $29.4M | $29.4M | 100c | 0 |
What changed
- Spread changed (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 2024
Full timeline · 9 eventsShow fewer
- Maturity extended (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- Facility left every BDC scheduleDec 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
- L••• G••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived