DFX Intelligence
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Borrower
C••• • B••••••• G••••
Also written as: C••• & B•••••••; Emerald JV LP; LLC 1 Emerald JV LP; LLC First and
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Principal held
at least $124M
sum of BDC pieces, a lower bound
Fair value
$122M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
6
2 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Mar 4, 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 |
|---|---|---|---|
| M•• I••••••••• C•••• | $122M | 100¢ | 0 pts |
| A•••• C••••• B•• I••• | $1.97M | 100¢ | 0 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M•• I••••••••• C•••• | term loan first lien F•••• L••• D••• R•••••••• R••• and S••••• S + 6.00% I••••••• R••• F•••• 1.00% I••••••• R•• | $122M | $120M 100c | SOFR+600 bp |
| A•••• C••••• B•• I••• | term loan first lien Investment T••• 1st L••• T••• L••• I•••• S+ S••••• 6.00% I••••••• R••• 9.73% A••••••••• D• | $2.0M | $2.0M 100c | SOFR+600 bp |
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 $124M | 100c | SOFR+600 bp | Mar 4, 2030 | 2 |
| other lien unstated exited Sep 30, 2023 | at least $130M | 99c | S+575 bp | Oct 18, 2025 | 2 |
| first lien delayed draw term loan first lien exited Mar 31, 2026 | at least $53.5M | 100c | SOFR+600 bp | Mar 4, 2030 | 2 |
| second lien term loan second lien exited Sep 30, 2023 | at least $2.5M | 100c | S+575 bp | Oct 17, 2025 | 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 | 2 | $124M | $122M | 100c | 0 |
| Mar 31, 2026 | 2 | $176M | $173M | 100c | 0 |
| Dec 31, 2025 | 2 | $169M | $165M | 100c | 0 |
| Sep 30, 2025 | 2 | $157M | $154M | 100c | 0 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $155M | $151M | 100c | 0 |
| Mar 31, 2025 | 2 | $144M | $142M | 100c | 0 |
| Dec 31, 2024 | 2 | $138M | $135M | 100c | 0 |
| Sep 30, 2024 | 2 | $136M | $133M | 100c | 0 |
| Jun 30, 2024 | 2 | $125M | $122M | 100c | 0 |
| Mar 31, 2024 | 1 | $125M | $123M | 100c | 0 |
| Dec 31, 2023 | 1 | $0 | $0 | n/a | 0 |
| Sep 30, 2023 | 5 | $146M | $142M | 99c | 0 |
| Jun 30, 2023 | 4 | $142M | $130M | 94c | 0 |
| Mar 31, 2023 | 2 | $84.4M | $76.1M | 91c | 0 |
| Dec 31, 2022 | 3 | $167M | $143M | 87c | 0 |
| Sep 30, 2022 | 2 | $84.8M | $79.6M | 95c | 0 |
| Dec 31, 2021 | 3 | $190M | $186M | 101c | 0 |
What changed
- New lender joined a facilityJun 30, 2026
- Facility left every BDC scheduleMar 31, 2026
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Sep 30, 2024
- New lender joined a facilityJun 30, 2024
Full timeline · 13 eventsShow fewer
- Maturity extended (observed)Mar 31, 2024
- Facility left every BDC scheduleSep 30, 2023
- Facility left every BDC scheduleSep 30, 2023
- Lender left a facilitySep 30, 2023
- New lender joined a facilityJun 30, 2023
- Marked down (one lender)Dec 31, 2022
- Marked down (one lender)Dec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
- P••••••• E••••• A•••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedlittlejohnllc.com"••• Locked"
Identity
- Group key
- COOK AND BOARDMANderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 6 BDCsderived
- Industry
- Construction & Buildingreportedas one filer wrote it