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
S•••••••• N••• P•••••• L••
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¢ · 100¢ · 100¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 0 points apart
100¢100¢
Principal held
at least $31.8M
sum of BDC pieces, a lower bound
Fair value
$31.8M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
7
4 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Apr 9, 2032
no dated debt inside 24 months
On the tape since
Mar 31, 2025
latest Jun 30, 2026
Events
2
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••• | $23.3M | 100¢ | 0 pts |
| F••••••• B•• C•••••• C••• | $4.36M | 100¢ | 0 pts |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | $2.49M | 100¢ | 0 pts |
| B•••••• P•••••• C••••• C••• | $1.7M | 100¢ | new this quarter |
Every BDC piece · 4 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $23.3M | $23.2M 100c | S+200 bp |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $4.4M | $4.3M 100c | S+200 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien F•••• L••• D••• | $2.5M | $2.5M 100c | S+200 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $1.7M | $1.7M 100c | S+200 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 $27.6M | 100c | S+200 bp | Apr 9, 2032 | 4 |
| first lien term loan first lien | at least $4.2M | 100c | S+200 bp | Apr 9, 2032 | 3 |
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 | 4 | $31.8M | $31.8M | 100c | 0 |
| Mar 31, 2026 | 3 | $30.1M | $30.1M | 100c | 0 |
| Dec 31, 2025 | 3 | $33.3M | $33.3M | 100c | 0 |
| Sep 30, 2025 | 3 | $23.9M | $23.9M | 100c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 6 | $24.6M | $24.8M | 101c | 0 |
| Mar 31, 2025 | 4 | $10.9M | $10.9M | 100c | 0 |
What changed
- New lender joined a facilityJun 30, 2026
- Spread changed (observed)Sep 30, 2025
- New lender joined a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
Full timeline · 8 eventsShow fewer
- Lender left a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New borrower on a BDC scheduleMar 31, 2025
Sponsor
- S••••••••
- Form D signer consensus, grade Aestimated"••• Locked"
Identity
- Group key
- STONEPEAK NILEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 7 BDCsderived
- Industry
- Air Freight & Logisticsreportedas one filer wrote it