DFX Intelligence
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Borrower
C•••• G•••••• I••
Life Sciences Tools & Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Inc. 1 Emerald JV LP; Inc. 3 Emerald JV LP; Inc. Emerald JV LP; Inc.Investment; Inc.Investment Type
Principal held
at least $326M
sum of BDC pieces, a lower bound
Fair value
$192M
60c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
8
2 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Dec 6, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
15
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 $216M | 81c | SOFR+625 bp PIK 9.92% | Dec 6, 2029 | 5 |
| other lien unstated | at least $100M | 9c | S+1050 bp PIK 14.43% | Mar 7, 2030 | 2 |
| first lien delayed draw term loan first lien | at least $10.3M | 104c | SOFR+625 bp | Dec 6, 2029 | 1 |
| revolver lien unstated exited Dec 31, 2025 | unknown | n/a | unstated | 2 |
Lenders
every BDC piece at the latest quarter end, largest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• F•••• L••• S•••••• D••• - T••• L••• I••••••• R••• 9.92% PIK M••••••• D••• | $212M | $168M 81c | S+625 bp PIK 9.92% |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $55.1M | $5.0M 9c | S+1050 bp PIK 14.43% |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $45.4M | $4.1M 9c | S+1050 bp PIK 14.43% |
| A••••• D••• S•••••••• B•• | delayed draw term loan first lien Investment T••• F•••• L••• S•••••• D••• - D•••••• D••• I••••••• R••• S+625, 1.00% F•••• M• | $10.3M | $10.3M 104c | SOFR+625 bp |
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• F•••• L••• S•••••• D••• - T••• L••• I••••••• R••• S+625, 1.00% F•••• M•••• | $4.0M | $4.0M 102c | SOFR+625 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 | $326M | $192M | 60c | 3 |
| Mar 31, 2026 | 2 | $303M | $209M | 70c | 3 |
| Dec 31, 2025 | 3 | $503M | $473M | 95c | 4 |
| Sep 30, 2025 | 4 | $397M | $385M | 98c | 3 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 4 | $392M | $382M | 98c | 3 |
| Mar 31, 2025 | 4 | $388M | $377M | 98c | 2 |
| Dec 31, 2024 | 8 | $555M | $530M | 97c | 0 |
| Sep 30, 2024 | 8 | $278M | $264M | 97c | 0 |
| Jun 30, 2024 | 7 | $238M | $226M | 97c | 0 |
| Mar 31, 2024 | 7 | $208M | $201M | 97c | 0 |
| Dec 31, 2023 | 4 | $214M | $182M | 86c | 0 |
| Sep 30, 2023 | 3 | $92.8M | $75.4M | 82c | 0 |
| Jun 30, 2023 | 3 | $105M | $88.8M | 85c | 0 |
| Mar 31, 2023 | 4 | $95.7M | $79.8M | 84c | 0 |
| Dec 31, 2022 | 3 | $143M | $114M | 81c | 0 |
| Sep 30, 2022 | 1 | $91.0M | $86.9M | 96c | 0 |
| Dec 31, 2021 | 1 | $150M | $148M | 100c | 0 |
What changed
- PIK interest increasedJun 30, 2026
- Marked down across lendersJun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- PIK interest increasedJun 30, 2026
Full timeline · 30 eventsShow fewer
- Marked down (one lender)Jun 30, 2026
- Spread increasedJun 30, 2026
- Marked down across lendersMar 31, 2026
- non accrual placedMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Spread changed (observed)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
- Spread changed (observed)Sep 30, 2025
- Spread increasedSep 30, 2025
- PIK interest appearsJun 30, 2025
- Spread changed (observed)Jun 30, 2025
- PIK interest appearsJun 30, 2025
- Maturity extended (observed)Mar 31, 2025
- Spread changed (observed)Mar 31, 2025
- PIK interest appearsMar 31, 2025
- Spread increasedMar 31, 2025
- Spread increasedMar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Lender left a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 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
- CURIAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 8 BDCsderived
- Industry
- Life Sciences Tools & Servicesreportedas one filer wrote it