DFX Intelligence
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Borrower
M••• H••••• I•• L••
group grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; Verdelite JV LP
Principal held
at least $11.9M
sum of BDC pieces, a lower bound
Fair value
$11.8M
98c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Mar 28, 2031
no dated debt inside 24 months
On the tape since
Mar 31, 2024
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 $11.9M | 98c | S+275 bp | Mar 28, 2031 | 1 |
| first lien term loan first lien exited Mar 31, 2024 | at least $2.0M | 101c | S+350 bp | Mar 1, 2031 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.0M | $2.0M 99c | S+275 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $926,000 | $916,000 99c | S+275 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $9.0M | $8.9M 98c | S+275 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 | 1 | $11.9M | $11.8M | 98c | 0 |
| Mar 31, 2026 | 1 | $13.9M | $12.9M | 92c | 0 |
| Dec 31, 2025 | 1 | $16.4M | $16.4M | 100c | 0 |
| Sep 30, 2025 | 1 | $16.4M | $16.5M | 100c | 0 |
| Jun 30, 2025 | 1 | $16.4M | $16.5M | 100c | 0 |
| Mar 31, 2025 | 1 | $16.5M | $16.2M | 98c | 0 |
| Dec 31, 2024 | 1 | $33.0M | $33.4M | 100c | 0 |
| Sep 30, 2024 | 1 | $2.1M | $2.1M | 101c | 0 |
| Jun 30, 2024 | 1 | $2.1M | $2.1M | 101c | 0 |
| Mar 31, 2024 | 2 | $4.1M | $4.1M | 101c | 0 |
What changed
- Marked down (one lender)Mar 31, 2026
- New borrower on a BDC scheduleMar 31, 2024
- Facility left every BDC scheduleMar 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
- M••• H••••• I•derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived