DFX Intelligence
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Borrower
S••••• P•••••••• L••
Also written as: Emerald JV LP
Principal held
at least $4.6M
sum of BDC pieces, a lower bound
Fair value
$4.6M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
5
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jul 1, 2032
no dated debt inside 24 months
On the tape since
Jun 30, 2025
latest Jun 30, 2026
Events
2
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $2.6M | 100c | S+200 bp | Jul 3, 2032 | 3 |
| first lien term loan first lien | at least $2.0M | 101c | S+200 bp | Jul 1, 2032 | 2 |
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 | $2.0M | $2.0M 101c | S+200 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.6M | $2.6M 100c | S+200 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 | 2 | $4.6M | $4.6M | 100c | 0 |
| Mar 31, 2026 | 1 | $2.6M | $2.6M | 100c | 0 |
| Dec 31, 2025 | 1 | $2.6M | $2.7M | 101c | 0 |
| Sep 30, 2025 | 5 | $16.4M | $16.6M | 101c | 0 |
| Jun 30, 2025 | 4 | $13.8M | $13.9M | 101c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- New lender joined a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- New borrower on a BDC scheduleJun 30, 2025
Sponsor
- S••••••••• C•••••• P•••••••
- Form D signer consensus, grade Aestimated"••• Locked"
- S••••••••• C•••••• P•••••••
- the sponsor's own portfolio page lists a company of this nameestimatedsearchlightcap.com"••• Locked"
Identity
- Group key
- S••••• P•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived