The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.

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Borrower

S••••• H•••••••• L••

group grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; Sophos; Verdelite JV LP
Principal held
at least $76.1M
sum of BDC pieces, a lower bound
Fair value
$70.6M
93c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
10
4 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Mar 1, 2027
$76.1M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
7
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $65.2M93cS+350 bpMar 1, 20278
other lien unstatedat least $10.9M94cS+350 bpMar 5, 20272
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
B••••••••• P•••••• C••••• F•••unstated lien unstated$3.5M$3.2M
94c
S+350 bp
B••••••••• P•••••• C••••• F•••unstated lien unstated
Non-Affiliated Issuer
$5.1M$4.8M
93c
S+350 bp
B••• O•• C••••• I••••• C••••term loan first lien
First lien senior secured loan | Non-Affiliated Issuer
$50.8M$47.0M
93c
S+350 bp
B••• O•• T••••••••• F•••••• C••••term loan first lien
First lien senior secured loan | Non-Affiliated Issuer
$14.4M$13.3M
92c
S+350 bp
H•• C•••••••• L•••••• F•••unstated lien unstated
Non-Affiliated Issuer
$2.3M$2.2M
94c
S+350 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20264$76.1M$70.6M93c0
Mar 31, 20264$93.0M$88.4M95c0
Dec 31, 20256$106M$106M100c0
Sep 30, 20256$98.4M$98.5M100c0
Jun 30, 20255$92.8M$93.1M101c0
Mar 31, 20255$51.4M$51.6M100c0
Dec 31, 20243$54.5M$54.8M101c0
Sep 30, 20242$34.4M$34.5M101c0
Jun 30, 20242$34.5M$34.5M101c0
Mar 31, 20242$34.6M$34.7M101c0
Dec 31, 20232$34.7M$34.7M102c0
Sep 30, 20232$34.8M$34.7M101c0
Jun 30, 20232$34.9M$34.6M101c0
Mar 31, 20232$35.0M$34.6M101c0
Dec 31, 20223$37.0M$35.8M99c0
What changed
Every change including routine ones
Identity
Group key
SOPHOSderivedthe codename stem after legal suffixes and deal words
Spellings
2 across 10 BDCsderived