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
D••••••• C••••• C•••••••••
group grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Also written as: Emerald JV LP
Nothing material in the last 200 days. Last change: 31 Mar 2023, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
102¢ · 82¢ · 51¢ · 43¢Q4 2021 to Q1 2023
Principal held
at least $35.7M
sum of BDC pieces, a lower bound
Fair value
$15.3M
43c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Apr 6, 2024
$35.7M inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2023
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $35.7M | 43¢ | -8 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $35.7M | $15.3M 43c | S+825 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Mar 31, 2023 | at least $35.7M | 43c | S+825 bp | Apr 6, 2024 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $35.7M | $15.3M | 43c | 0 |
| Dec 31, 2022 | 1 | $46.7M | $23.7M | 51c | 0 |
| Sep 30, 2022 | 1 | $35.7M | $29.0M | 82c | 1 |
| Dec 31, 2021 | 1 | $35.7M | $35.1M | 102c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- Marked down (one lender)Dec 31, 2022
- Spread increasedDec 31, 2022
- Marked down (one lender)Sep 30, 2022
Full timeline · 6 eventsShow fewer
- PIK interest appearsSep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- D••••••• C•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived