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

F•••• C••••• I••

IT Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; Management F•••• C••••• I••; Verdelite JV LP
See every lender's markFind rescue capital
More
Special situations PE firms

What matters now

  1. 93¢ → 72¢
    consensus mark

    Consensus mark 72¢ on cost, down from 93¢ a year ago, 78¢ last quarter.

    Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.

    Derived4 of 4 lenders' own marks, weighted by principal
  2. 13 pts
    68¢ to 81¢

    Lenders disagree by 13 points: B••••••••• P•••••• C••••• F••• 68¢ to V•••• C••••• S•••••••• L•••••• C•••• 81¢.

    Q2 2026 · Holders value the same loan differently, so a position could trade between them.

    Derivedeach lender's own fair value over cost, funded term loans of $2M or moreFor secondary buyers, special situations fundsLender marks →
  3. $76.5M
    principal outstanding

    $76.5M principal held by 4 lenders; matures Mar 2028.

    Q2 2026 · Refinancing is due in 17 months at a 72¢ mark.

    FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
Q2 2025: 93¢Q3 2025: 87¢Q4 2025: 93¢Q1 2026: 78¢Q2 2026: 72¢93¢ · 87¢ · 93¢ · 78¢ · 72¢Q2 2025 to Q2 2026
Where each lender marks it, 13 points apart
68¢Consensus: 72¢B••••••••• P•••••• C••••• F•••: 68¢V•••• C••••• S•••••••• L•••••• C••••: 81¢P••••• S••••• C•••••• B•• I•••: 74¢81¢
Principal held
at least $76.5M
sum of BDC pieces, a lower bound
Fair value
$54.3M
72c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
5
4 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Mar 2, 2028
$44.0M inside 24 months
On the tape since
Jun 30, 2024
latest Jun 30, 2026
Events
7
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
LenderExposureCurrent markQoQ change
B••••••••• P•••••• C••••• F•••$45.5M68¢-9 pts
V•••• C••••• S•••••••• L•••••• C••••$16.1M81¢-3 pts
P••••• S••••• C•••••• B•• I•••$12.8M74¢-3 pts
N•• M••••••• F•••••• C•••$2.14M62¢-8 pts
Every BDC piece · 9 positions across 4 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
B••••••••• P•••••• C••••• F•••unstated lien unstated
N••••••••• I•••••
$27.1M$16.6M
62c
S+675 bp
V•••• C••••• S•••••••• L•••••• C••••term loan first lien
F••••••••• D••• R•••••••• R••• and S••••• S••• + 3.50% I••••••• R••• 7.16% M••••••• D••• 3
$16.1M$12.5M
81c
SOFR+350 bp
P••••• S••••• C•••••• B•• I•••term loan first lien
Investment F•••• L••• S••••• S•••••• L••• I••••••• R••• 7.16% (S + 3.50%) M••••••• D••• 3/
$9.5M$7.4M
78c
SOFR+350 bp
B••••••••• P•••••• C••••• F•••unstated lien unstated$8.9M$7.0M
78c
S+350 bp
B••••••••• P•••••• C••••• F•••unstated lien unstated
N••••••••• I•••••
$5.7M$4.4M
78c
S+350 bp
View all 9 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
B••••••••• P•••••• C••••• F•••unstated lien unstated$3.8M$3.0M
78c
S+350 bp
P••••• S••••• C•••••• B•• I•••term loan second lien
Investment S••••• L••• S••••• S•••••• L••• I••••••• R••• 10.56% (S +CSA + 6.75%) M•••••••
$3.4M$2.1M
61c
SOFR+675 bp
N•• M••••••• F•••••• C•••term loan second lien
S••••• lien 1
$1.9M$1.2M
62c
S+675 bp
N•• M••••••• F•••••• C•••term loan second lien
S••••• lien 2
$251,000$154,000
61c
S+675 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
other lien unstatedat least $45.5M68cS+675 bpMar 2, 20291
first lien term loan first lienat least $25.6M80cSOFR+350 bpMar 2, 20282
second lien term loan second lienat least $5.5M61cSOFR+675 bpMar 2, 20292
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20264$76.5M$54.3M72c0
Mar 31, 20265$115M$88.3M78c0
Dec 31, 20255$133M$122M93c0
Sep 30, 20255$126M$109M87c0
All 8 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20255$122M$112M93c0
Mar 31, 20255$135M$125M93c0
Dec 31, 20243$255M$251M98c0
Sep 30, 20242$106M$104M98c0
What changed
Full timeline · 30 events
Every change including routine ones
Identity
Group key
F•••• C••••derivedthe codename stem after legal suffixes and deal words
Spellings
2 across 5 BDCsderived
Industry
IT Servicesreportedas one filer wrote it