DFX Intelligence
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Borrower
P•••••• U•• I••
Diversified Financial Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP
Principal held
at least $64.7M
sum of BDC pieces, a lower bound
Fair value
$61.8M
95c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
15
4 on the latest quarter
Facilities
5
0 equity pieces beside them
Next maturity
Aug 1, 2031
no dated debt inside 24 months
On the tape since
Jun 30, 2023
latest Jun 30, 2026
Events
7
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 $64.7M | 95c | SOFR+375 bp | Aug 31, 2031 | 12 |
| other lien unstated exited Mar 31, 2026 | at least $991,000 | 98c | S+375 bp | Aug 15, 2031 | 3 |
| first lien revolver first lien exited Jun 30, 2024 | unknown | n/a | May 1, 2030 | 2 | |
| revolver lien unstated exited Dec 31, 2023 | unknown | n/a | unstated | 1 | |
| second lien revolver second lien exited Jun 30, 2024 | unknown | n/a | unstated | 3 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $39.2M | $36.4M 93c | S+375 bp |
| B••• O•• C••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | N••••••••• I••••• | $1.2M | $1.1M 93c | S+375 bp |
| C•••••• S•••••• L••••••• I••• | term loan first lien Credit Fund | F•••• L••• D••• | $23.4M | $23.3M 100c | S+375 bp |
| C••••••• P•••••• C••••• I••••• C••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 375 I••••••• R••• 7. | $988,000 | $928,000 95c | SOFR+375 bp |
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 | $64.7M | $61.8M | 95c | 0 |
| Mar 31, 2026 | 5 | $65.9M | $64.5M | 98c | 0 |
| Dec 31, 2025 | 6 | $76.9M | $76.8M | 100c | 0 |
| Sep 30, 2025 | 6 | $79.9M | $80.1M | 100c | 0 |
| Jun 30, 2025 | 5 | $84.3M | $84.3M | 100c | 0 |
| Mar 31, 2025 | 5 | $84.1M | $84.1M | 100c | 0 |
| Dec 31, 2024 | 7 | $143M | $143M | 101c | 0 |
| Sep 30, 2024 | 7 | $68.4M | $68.0M | 100c | 0 |
| Jun 30, 2024 | 7 | $69.0M | $69.2M | 103c | 0 |
| Mar 31, 2024 | 7 | $77.3M | $78.3M | 104c | 0 |
| Dec 31, 2023 | 7 | $97.4M | $97.8M | 103c | 0 |
| Sep 30, 2023 | 7 | $77.6M | $76.5M | 101c | 0 |
| Jun 30, 2023 | 6 | $72.0M | $69.8M | 99c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2026
- Lender left a facilityDec 31, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- New lender joined a facilitySep 30, 2024
- New lender joined a facilitySep 30, 2024
- New lender joined a facilitySep 30, 2024
- New lender joined a facilitySep 30, 2024
- New lender joined a facilitySep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Lender left a facilityMar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- New lender joined a facilityDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- New lender joined a facilityDec 31, 2023
- New borrower on a BDC scheduleJun 30, 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
- PUSHPAYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 15 BDCsderived
- Industry
- Diversified Financial Servicesreportedas one filer wrote it