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
P•••••• R••• U••••••• P••••• C•••
Health Care Technologygroup grade Aon a schedule nowsponsor unattributed
Also written as: 1; Emerald JV LP; Wellsky
What matters now
- $240Mprincipal outstanding
$240M principal held by 9 lenders; matures Mar 2028.
Q2 2026 · Refinancing is due in 17 months at a 100¢ 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¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 1 points apart
99¢100¢
Principal held
at least $240M
sum of BDC pieces, a lower bound
Fair value
$240M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
20
9 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Mar 1, 2028
$122M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
3
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••• | $110M | 100¢ | +1 pts |
| A••• S•••••••• I••••• F••• | $77.7M | 100¢ | +1 pts |
| H•• C•••••••• L•••••• F••• | $22.5M | 100¢ | 0 pts |
| S•••• P•••• C••••• C••• | $15M | 100¢ | +1 pts |
| H•• C•••••••• C•••••• S•••••••• F••• | $6.21M | 100¢ | 0 pts |
View all 9 lendersShow fewerlargest exposure first
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• L•• | $5.28M | 100¢ | +1 pts |
| B•••••• P•••••• C••••• C••• | $1.39M | 99¢ | 0 pts |
| B••••••••• S•••••• L•••••• F••• | $1M | 100¢ | 0 pts |
| L••• P•••••• C••••• L•• | $977K | 100¢ | +1 pts |
Every BDC piece · 12 positions across 9 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $101M | $100M 100c | S+525 bp |
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $77.7M | $77.6M 100c | S+275 bp |
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $22.5M | $22.5M 100c | S+275 bp |
| S•••• P•••• C••••• C••• | term loan second lien S••••• L••• T••• L•••, Due 03/12/2029 | $15.0M | $15.0M 100c | SOFR+525 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $9.0M | $9.0M 100c | S+275 bp |
View all 12 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated N••••••••• I••••• | $6.2M | $6.2M 100c | S+275 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• & S••••• S + 2.75% I••••••• R••• 6.51% M••••••• | $5.3M | $5.3M 100c | SOFR+275 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $1.4M | $1.4M 99c | S+275 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $1.0M | $995,000 100c | S+525 bp |
| L••• P•••••• C••••• L•• | term loan first lien F•••• L••• D••• R•••••••• R••• and S••••• S + 2.75% I••••••• R••• 6.51% M••••••• D••• 03/1 | $977,000 | $976,000 100c | SOFR+275 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $317,000 | $317,000 100c | S+275 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | Not disclosed | Not disclosed | 6.51% |
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 $140M | 100c | S+275 bp | Mar 12, 2029 | 5 |
| first lien term loan first lien | at least $85.4M | 100c | SOFR+275 bp | Mar 10, 2028 | 13 |
| second lien term loan second lien | at least $15.0M | 100c | SOFR+525 bp | Mar 12, 2029 | 2 |
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 | 9 | $240M | $240M | 100c | 0 |
| Mar 31, 2026 | 10 | $257M | $255M | 99c | 0 |
| Dec 31, 2025 | 10 | $290M | $291M | 100c | 0 |
| Sep 30, 2025 | 11 | $314M | $314M | 100c | 0 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 13 | $350M | $350M | 100c | 0 |
| Mar 31, 2025 | 12 | $339M | $337M | 100c | 0 |
| Dec 31, 2024 | 11 | $697M | $697M | 100c | 0 |
| Sep 30, 2024 | 9 | $360M | $360M | 100c | 0 |
| Jun 30, 2024 | 10 | $375M | $375M | 100c | 0 |
| Mar 31, 2024 | 10 | $376M | $376M | 100c | 0 |
| Dec 31, 2023 | 9 | $382M | $380M | 100c | 0 |
| Sep 30, 2023 | 8 | $302M | $297M | 99c | 0 |
| Jun 30, 2023 | 8 | $303M | $291M | 97c | 0 |
| Mar 31, 2023 | 8 | $253M | $240M | 95c | 0 |
| Dec 31, 2022 | 8 | $304M | $288M | 95c | 0 |
| Sep 30, 2022 | 3 | $222M | $213M | 96c | 0 |
| Dec 31, 2021 | 3 | $210M | $210M | 100c | 0 |
What changed
- Maturity approachingMar 10, 2028
- Lender left a facilityMar 31, 2026
- New lender joined a facilityDec 31, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
Full timeline · 30 eventsShow fewer
- Spread increasedSep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityMar 31, 2025
- New lender joined a facilityMar 31, 2025
- Maturity shortened (observed)Mar 31, 2025
- New lender joined a facilityDec 31, 2024
- Spread changed (observed)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Spread increasedDec 31, 2024
- Spread increasedDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilityJun 30, 2024
- New lender joined a facilityMar 31, 2024
- New lender joined a facilityMar 31, 2024
- Lender left a facilityDec 31, 2023
- New lender joined a facilityDec 31, 2023
- Lender left a facilityDec 31, 2023
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•••••• R••• U••••••• P•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 20 BDCsderived
- Industry
- Health Care Technologyreportedas one filer wrote it