The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.

V•••••• L•••••• • L•••••• I•• I•••

Business development companymanaged by W•••••• T••••••••• I••••••••• ••••Non-traded· PORTOLA VALLEY, CA

A non-traded business development company, managed by W•••••• T••••••••• I••••••••• ••••, holding $56.2M across 61 borrowers at Mar 31, 2026.

Composed from this BDC's filings and its latest schedule of investments.

Fair value
$56.2M
Schedule of investments, 10-Q and 10-K
Borrowers
61
Schedule of investments, 10-Q and 10-K
Mark on cost
61.0¢
Schedule of investments, 10-Q and 10-K
First lien
100%
Schedule of investments, 10-Q and 10-K
Schedule of investments (65)Quarter by quarterSponsors
As of · the latest schedule of investments read for this BDC

What matters now

  1. 66.4¢ → 61.0¢
    book mark on cost

    Marked its book down from 66.4¢ to 61.0¢ on the dollar in the quarter to Mar 31, 2026.

    Q1 2026 · The whole portfolio was marked down; net asset value follows.

    Derivedthe schedule's fair value over cost, quarter on quarterQuarter by quarter →
  2. 26 below 80¢
    $48.5M principal

    26 positions across 26 borrowers marked below 80¢ on cost, $48.5M principal.

    Q1 2026 · Marks this low usually come before non-accrual or a restructuring.

    Derivedeach position's fair value over cost, 31 Mar 2026
  3. 68 → 61
    borrowers

    Lost a net 7 borrowers in the quarter to Mar 31, 2026, to 61.

    Q1 2026 · The book is turning over faster than usual.

    Factthe schedule's borrowers, quarter on quarterSchedule of investments →
  4. $130M → $56.2M
    fair value, 4 quarters

    Its portfolio shrank 57% at fair value over the last four quarters.

    Q1 2026 · The book is shrinking.

    Factthe schedule's fair value, a year apartQuarter by quarter →
Every headline figure, and the identifiersCIK 1717310 · file 814-01253Show
Fair value
$56.2M
as of Mar 31, 2026
Principal held
$107M
debt pieces, the filer's figure
Cost
$92.2M
61c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
65
61 borrowers
First lien
100%
100% debt by fair value
Quarters on the tape
14
since Dec 31, 2022
Facilities held
61
1 sponsors financed
Portfolio through time
Fair value by quarter end$56.2M as of Mar 31, 2026
Dec 31, 2022$490M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Mar 31, 2026$56.2M6161c0n/a
Dec 31, 2025$78.1M6866c0n/a
Sep 30, 2025$90.9M7964c0n/a
Jun 30, 2025$105M8867c0n/a
All 14 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Mar 31, 2025$130M9874c0n/a
Dec 31, 2024$302M10678c0n/a
Sep 30, 2024$175M11975c0n/a
Jun 30, 2024$203M13079c0n/a
Mar 31, 2024$253M14283c0n/a
Dec 31, 2023$347M15586c0n/a
Sep 30, 2023$355M16188c0n/a
Jun 30, 2023$406M16992c0n/a
Mar 31, 2023$464M18393c0n/a
Dec 31, 2022$490M19194c0n/a
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
Full timeline · 20 events
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Dec 31, 2022
379 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
T•••• H••••• • S••••••• T••••••••• I•••term loan first lien$1.5M$1.4M
100c
12.00%
M•••••• I•••term loan first lien$1.5M$1.4M
100c
10.50%
P••••••• S••••••• I•••term loan first lien$1.4M$1.4M
100c
11.50%
C••••• S••• I••term loan first lien$1.5M$1.4M
100c
11.00%
J••• M•••••• I•••term loan first lien$1.5M$1.4M
100c
12.00%
B••••••• C•••• L••term loan first lien$1.4M$1.4M
100c
12.00%
E•••••••• I•••term loan first lien$1.5M$1.4M
100c
12.00%
C••••• T••••••••• C••••term loan first lien$1.5M$1.4M
100c
13.50%
B•••••••• I•••term loan first lien$1.5M$1.4M
100c
12.50%
P•••• P•••••• I•••term loan first lien$1.5M$1.4M
100c
12.40%
N•• L••• H•••••• I•••term loan first lien$1.5M$1.4M
100c
11.50%
P••••• I•••term loan first lien$1.4M$1.4M
100c
12.80%
A•••••• I•••••••••term loan first lien$1.4M$1.4M
100c
12.00%
L••••• T••••••••• I•••term loan first lien$1.4M$1.4M
100c
12.00%
A••••• I•••term loan first lien$1.5M$1.4M
100c
12.80%
J•• M•••••••• I••term loan first lien$1.5M$1.4M
100c
12.00%
R•••••• I•••term loan first lien$1.5M$1.3M
100c
11.50%
H•••••••• I•••term loan first lien$1.4M$1.3M
100c
11.80%
V•••• H••••••• I•••term loan first lien$1.4M$1.3M
100c
11.80%
B•• R•• S••••••• I•••term loan first lien$1.4M$1.3M
100c
11.50%
S•••••••• D••••••• I•••term loan first lien$1.3M$1.3M
100c
12.00%
R•••• T••••••••• I•••term loan first lien$1.3M$1.3M
100c
11.00%
P••••• I•••term loan first lien$1.4M$1.3M
100c
12.50%
B••••••• C•••• L••term loan first lien$1.4M$1.3M
100c
12.00%
V••• H••••••• L••••••term loan first lien$2.5M$1.3M
76c
12.00%
B•••••••• I•••term loan first lien$1.3M$1.3M
100c
11.30%
V•••• H••••••• I•••term loan first lien$1.4M$1.3M
100c
11.80%
C•••••• A•••••••• I•••term loan first lien$1.3M$1.2M
100c
12.00%
S••••••••• L••••• P•••••••• L••term loan first lien$1.3M$1.2M
100c
12.50%
H•••• H•••• I•••term loan first lien$1.3M$1.2M
100c
11.00%
H•••• I•••term loan first lien$1.2M$1.2M
100c
12.00%
Q••••••• I•••term loan first lien$1.2M$1.2M
100c
11.00%
P•••• F•••• I•••term loan first lien$1.2M$1.2M
100c
11.50%
Q••••••• I•••term loan first lien$1.2M$1.2M
100c
11.00%
W•••••••• I•••term loan first lien$1.2M$1.2M
100c
12.00%
Q••••••• I•••term loan first lien$1.2M$1.2M
100c
11.00%
Z••••••• I•••term loan first lien$1.1M$1.1M
100c
11.00%
T••• I•••term loan first lien$1.2M$1.1M
100c
11.80%
P•••••• I•••term loan first lien$2.0M$1.1M
71c
12.50%
A••••• I•••term loan first lien$1.2M$1.1M
100c
12.30%
W•••••• I•••term loan first lien$1.2M$1.1M
100c
12.00%
C••••• C••••••• I•••term loan first lien$1.1M$1.1M
100c
12.00%
3• B•• H•••••••• I•••term loan first lien$1.1M$1.0M
100c
11.50%
1••••• P•• L•••term loan first lien$1.3M$1.0M
100c
12.00%
P•••••• H•••••••• I•••term loan first lien$1.0M$1.0M
100c
12.00%
O••••••••• I•••term loan first lien$997,248$986,678
100c
12.00%
S••• S••••••••• I•••term loan first lien$989,678$972,066
100c
11.50%
R••••••••• I•••term loan first lien$990,089$971,291
100c
11.00%
P•••• F•••• I•••term loan first lien$989,775$969,943
100c
11.50%
B••••• I•••term loan first lien$989,703$969,116
100c
11.50%
R••••••••• I•••term loan first lien$990,481$968,946
100c
11.00%
O••••••••• I•••term loan first lien$996,718$965,040
100c
12.00%
R••• G••••••• I•••term loan first lien$1.0M$953,319
100c
11.80%
S••• A••••••••• C•••••• I•••term loan first lien$1.0M$943,143
100c
13.50%
P••••••••• T••••••••• I•••term loan first lien$1.0M$942,838
100c
12.00%
A•••••• I•••••••••term loan first lien$990,359$923,380
100c
12.00%
W••••• L•••• I•••term loan first lien$1.0M$920,675
100c
12.00%
J•••• P••••••• I•••term loan first lien$1.0M$919,339
100c
13.00%
F••••••••• T••••••••• I•••term loan first lien$1.0M$909,297
100c
13.50%
Q••••••• I•••term loan first lien$1.2M$895,384
100c
11.00%
H•••• I•••term loan first lien$1.0M$890,813
100c
13.50%
i••••••••• I•••term loan first lien$1.9M$872,280
100c
11.50%
S•••••••• D••••••• I•••term loan first lien$865,654$864,555
100c
12.00%
D••••••• I•••term loan first lien$2.0M$860,527
46c
11.00%
H•••••••• I•••term loan first lien$873,565$858,329
100c
11.80%
B••••••• C•••• L••term loan first lien$1.0M$849,655
100c
13.30%
U•• D•••••• H•••••• I•••term loan first lien$865,885$846,312
100c
12.00%
V••• G••••• I•••term loan first lien$836,345$833,200
100c
12.50%
S•••• T••••••••• I•••term loan first lien$865,086$808,766
100c
12.30%
K••••• I•••term loan first lien$843,595$807,624
100c
11.50%
G•••••• P••••••••• I•••term loan first lien$843,236$804,598
100c
11.00%
B•• R•• S••••••• I•••term loan first lien$813,707$802,879
100c
11.50%
U•• D•••••• H•••••• I•••term loan first lien$840,485$785,510
100c
12.00%
J••• G••••• I•••term loan first lien$777,818$769,951
100c
12.00%
G••••••• I•••term loan first lien$772,968$750,197
100c
11.50%
S••••••• W••••• I•••term loan first lien$752,395$743,774
100c
11.30%
S••••••• W••••• I•••term loan first lien$752,562$743,229
100c
11.30%
B•••••••• I•••term loan first lien$728,813$728,813
100c
11.30%
F•• W••••• I•••term loan first lien$737,971$724,862
100c
11.80%
S••••• M•••••• I•••term loan first lien$750,000$721,020
100c
11.00%
S•••• C•••• I•••term loan first lien$728,293$717,693
100c
12.50%
T••••••• A•••• I•••term loan first lien$750,000$714,536
100c
12.00%
C•••••• L••••••term loan first lien$750,000$700,244
100c
11.80%
A•••••• I•••term loan first lien$726,279$697,474
100c
12.00%
A•••••••• T••••••••• I•••term loan first lien$954,388$696,648
94c
11.50%
G•••••• I•••term loan first lien$722,542$696,273
100c
11.80%
G•••••• I•••term loan first lien$750,000$690,595
100c
14.00%
W•••••• I•••term loan first lien$699,306$681,593
100c
12.00%
Q••••••• I•••term loan first lien$684,617$677,177
100c
12.00%
C•••••••• I•••term loan first lien$728,381$672,611
100c
12.00%
V••••• H•••••• I•••term loan first lien$748,525$660,408
100c
12.00%
8• C•••••••••term loan first lien$647,228$632,901
100c
12.00%
Q••••••• I•••term loan first lien$618,402$612,373
100c
12.00%
M••••••••• I•••term loan first lien$627,169$610,526
100c
11.50%
N•••••• H•••••• I•••term loan first lien$629,233$594,039
100c
12.30%
R••••••••• I•••term loan first lien$596,200$582,061
100c
12.00%
A•••••••• I•••term loan first lien$625,000$573,721
100c
11.00%
H•••• H••••••• I•••term loan first lien$625,000$541,825
100c
13.00%
I•• M••••• I•••term loan first lien$712,318$538,868
97c
18.00%
U•••• B••••••• C••term loan first lien$1.7M$533,065
33c
12.00%
Page 2 of 4PreviousNext
Registration
Fiscal year end
1231reported
Incorporated
MDreported
On the SEC BDC report
2018 to 2026reported
Filings listed
18reported10-Q and 10-K since 2022
Former names
Venture Lending & L•••••• Fund IX, Inc.reported
Latest schedule
0001717310-26-000009reported