DFX Intelligence
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Borrower
I••••••• D••••••• I••
group grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Also written as: Emerald JV LP
Nothing material in the last 200 days. Last change: 31 Dec 2024, $1.72B principal held by 2 lenders; matures Dec 2027.
Mark path, consensus per quarter end
101¢ · 100¢ · 100¢Q2 2024 to Q4 2024
Principal held
at least $1.7B
sum of BDC pieces, a lower bound
Fair value
$1.7B
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Dec 29, 2027
no dated debt inside 24 months
On the tape since
Jun 30, 2024
latest Dec 31, 2024
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $1.09B | 100¢ | 0 pts |
| B••••••••• S•••••• L•••••• F••• | $632M | 101¢ | 0 pts |
Every BDC piece · 6 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $501M | $501M 100c | S+525 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $501M | $501M 100c | S+525 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $316M | $316M 101c | S+525 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated | $316M | $316M 101c | S+525 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $41.6M | $41.6M 100c | S+525 bp |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $41.6M | $41.6M 100c | S+525 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2024 | at least $1.7B | 100c | S+525 bp | Dec 29, 2027 | 2 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2024 | 2 | $1.7B | $1.7B | 100c | 0 |
| Sep 30, 2024 | 2 | $861M | $861M | 100c | 0 |
| Jun 30, 2024 | 2 | $863M | $863M | 101c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- New borrower on a BDC scheduleJun 30, 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
- I••••••• D••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived