DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
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Borrower
T•• D•• • B••••••••• C•••••••••
Also written as: 2025; Emerald JV LP
Principal held
at least $44.4M
sum of BDC pieces, a lower bound
Fair value
$40.2M
98c on cost, debt pieces
Unfunded
$3.3M
commitments not yet drawn
BDC lenders
13
3 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Aug 26, 2032
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
9
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $44.4M | 98c | S+550 bp | Aug 26, 2032 | 10 |
| revolver lien unstated | unknown | n/a | unstated | 2 | |
| first lien revolver first lien | unknown | n/a | SOFR+550 bp | Aug 26, 2032 | 2 |
| other lien unstated exited Mar 31, 2026 | at least $40.4M | 100c | S+550 bp | Aug 26, 2032 | 4 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••• C••••• B•• I••• | revolver first lien Investment Type Senior Secured Revolving Credit Loan Index S+ Spread 5.50% Interest Rate 9 | n/a | n/a | SOFR+550 bp |
| A•••• P•••••• C••••• F•••• L•• | revolver first lien Unitranche Revolver Maturity 8/26/2032 | n/a | n/a | SOFR+550 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien F•••• Lien Debt | $4.1M | $649,000 88c | S+550 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien F•••• Lien Debt | $40.3M | $39.5M 98c | S+550 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | revolver lien unstated 2025 Revolver | n/a | n/a |
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 | $44.4M | $40.2M | 98c | 0 |
| Mar 31, 2026 | 3 | $45.4M | $45.4M | 100c | 0 |
| Dec 31, 2025 | 3 | $86.1M | $86.1M | 100c | 0 |
| Sep 30, 2025 | 3 | $47.0M | $47.0M | 100c | 0 |
| Jun 30, 2025 | 4 | $99.9M | $99.8M | 100c | 0 |
| Mar 31, 2025 | 3 | $95.1M | $94.8M | 100c | 0 |
| Dec 31, 2024 | 6 | $84.5M | $84.6M | 100c | 0 |
| Sep 30, 2024 | 5 | $40.9M | $40.9M | 100c | 0 |
| Jun 30, 2024 | 5 | $40.5M | $40.5M | 100c | 0 |
| Mar 31, 2024 | 5 | $40.4M | $40.4M | 100c | 0 |
| Dec 31, 2023 | 4 | $43.5M | $43.5M | 100c | 0 |
| Sep 30, 2023 | 4 | $42.2M | $42.1M | 100c | 0 |
| Jun 30, 2023 | 3 | $21.9M | $21.9M | 101c | 0 |
| Mar 31, 2023 | 2 | $7.7M | $7.7M | 100c | 0 |
| Dec 31, 2022 | 2 | $9.9M | $9.8M | 99c | 0 |
| Sep 30, 2022 | 1 | $4.8M | $4.7M | 99c | 0 |
| Dec 31, 2021 | 1 | $4.9M | $4.8M | 99c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2026
- Lender left a facilityMar 31, 2026
- New lender joined a facilityDec 31, 2025
- New lender joined a facilitySep 30, 2025
- Spread changed (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Spread changed (observed)Jun 30, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- Spread changed (observed)Dec 31, 2024
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- New lender joined a facilityMar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Maturity shortened (observed)Dec 31, 2023
- Maturity extended (observed)Sep 30, 2023
Sponsor
- C•••••••• C•••••• G••••• L•••
- the sponsor's own portfolio page lists a company of this nameestimatedclearlake.com"C•••••••• Capital Group is a global investment firm managing integrated platforms spanning private equity, liquid and private credit, and other related strategies."
Identity
- Group key
- DUN AND BRADSTREETderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 13 BDCsderived
- Industry
- Services: Businessreportedas one filer wrote it