DFX Intelligence
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Borrower
A•••• D• H•••••••• L••
Softwaregroup grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; LLC Asset Type; LLC Assets; LLC Assets Type; Verdelite JV LP
Principal held
at least $36.8M
sum of BDC pieces, a lower bound
Fair value
$36.2M
99c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
12
7 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Feb 1, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
4
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 $30.1M | 99c | SOFR+250 bp | Feb 28, 2031 | 10 |
| other lien unstated | at least $6.7M | 99c | S+250 bp | Feb 1, 2031 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A• P•••••• L•••••• F••• | term loan first lien US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 6.48% (S + 2.75%; 0.75% F•• | $991,413 | $973,727 98c | SOFR+275 bp |
| A•••••• P•••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 2.50% I••••••• R••• 6.25% M• | $731,000 | $721,000 99c | SOFR+250 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 2.50% I••••••• R••• 6.25% M• | $2.7M | $2.7M 99c | SOFR+250 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $3.9M | $3.9M 98c | S+250 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.8M | $2.7M 99c | S+250 bp |
| C••••••• P•••••• C••••• I••••• C••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 250, 75 F•••• I••••• | $1.3M | $1.3M 99c | SOFR+250 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• T••••••••• H••••••• & E•••••••• I••••••• R••• 6.23% | $14.5M | $14.3M 99c | SOFR+250 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien F•••• L••• D••• | $9.8M | $9.7M 99c | S+250 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 | 7 | $36.8M | $36.2M | 99c | 0 |
| Mar 31, 2026 | 7 | $40.0M | $39.4M | 99c | 0 |
| Dec 31, 2025 | 8 | $59.6M | $59.6M | 100c | 0 |
| Sep 30, 2025 | 6 | $47.6M | $47.7M | 100c | 0 |
| Jun 30, 2025 | 6 | $39.1M | $39.1M | 101c | 0 |
| Mar 31, 2025 | 6 | $31.4M | $31.4M | 100c | 0 |
| Dec 31, 2024 | 7 | $47.8M | $48.2M | 101c | 0 |
| Sep 30, 2024 | 5 | $21.7M | $21.7M | 101c | 0 |
| Jun 30, 2024 | 4 | $14.1M | $14.1M | 101c | 0 |
| Mar 31, 2024 | 3 | $10.8M | $10.8M | 101c | 0 |
| Dec 31, 2023 | 2 | $11.2M | $11.2M | 101c | 0 |
| Sep 30, 2023 | 2 | $5.8M | $5.8M | 101c | 0 |
| Jun 30, 2023 | 1 | $2.6M | $2.4M | 93c | 0 |
| Mar 31, 2023 | 1 | $2.6M | $2.5M | 98c | 0 |
| Dec 31, 2022 | 1 | $2.6M | $2.5M | 96c | 0 |
| Sep 30, 2022 | 1 | $2.6M | $2.5M | 95c | 0 |
| Dec 31, 2021 | 1 | $2.6M | $2.6M | 100c | 0 |
What changed
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilityJun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Lender left a facilityMar 31, 2025
- New lender joined a facilityMar 31, 2025
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- New lender joined a facilitySep 30, 2024
- Spread changed (observed)Jun 30, 2024
- New lender joined a facilityJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Mar 31, 2024
- Spread changed (observed)Mar 31, 2024
- New lender joined a facilityMar 31, 2024
- Spread increasedMar 31, 2024
- Maturity extended (observed)Mar 31, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- AHEAD DBderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 12 BDCsderived
- Industry
- Softwarereportedas one filer wrote it