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
W•••••••• I•••term loan first lien$531,573$517,946
100c
12.00%
J•••••• B•••••••• I•••term loan first lien$500,000$499,992
100c
11.00%
H••••••••• I•••term loan first lien$500,000$499,542
100c
11.00%
C••••• S••• I••term loan first lien$500,000$498,014
100c
11.00%
P••••••••• I•••term loan first lien$499,608$495,497
100c
12.00%
O•••••••• I•••term loan first lien$494,724$494,724
100c
12.00%
F••• R••••••• I•••term loan first lien$500,000$490,717
100c
11.00%
O••••••• I•••term loan first lien$500,000$490,615
100c
11.50%
F••• R••••••• I•••term loan first lien$500,000$489,268
100c
11.00%
M••••••••• I•••term loan first lien$494,366$488,175
100c
11.50%
M••••••••• I•••term loan first lien$495,110$486,960
100c
11.00%
T••••••••• I•••term loan first lien$494,407$486,012
100c
12.00%
T••••••••• I•••term loan first lien$494,595$484,962
100c
12.00%
V•••••• H•••••••• I•••term loan first lien$500,000$483,684
100c
12.30%
G••••••• I•••term loan first lien$500,000$481,822
100c
11.50%
O••••••• I•••term loan first lien$500,000$472,319
100c
11.50%
O•••••••• I•••term loan first lien$494,512$472,195
100c
12.00%
R•••• T••••••••• I•••term loan first lien$478,000$468,276
100c
11.00%
O••• I•••term loan first lien$500,000$462,685
100c
13.50%
T••••••••• I•••term loan first lien$471,346$462,125
100c
12.00%
J•••••• B•••••••• I•••term loan first lien$500,000$460,087
100c
11.00%
O•••••••• I•••term loan first lien$465,894$458,470
100c
12.30%
H••••••••• I•••term loan first lien$500,000$458,276
100c
11.00%
F••••••• I•••term loan first lien$505,434$455,724
100c
12.50%
O•••••••• I•••term loan first lien$500,000$450,282
100c
13.50%
F••• R••••••• I•••term loan first lien$500,000$446,957
100c
11.00%
R•••••• I•••term loan first lien$431,434$425,024
100c
12.00%
A••••• M••••••• I•••term loan first lien$429,296$415,980
100c
12.00%
B• I••••••••• I•••term loan first lien$408,466$406,837
100c
11.80%
I••••••••• F•••• C•••••••••term loan first lien$421,944$405,826
100c
12.00%
G•••••• I•••term loan first lien$407,104$401,285
100c
11.80%
O••• H••••••• C••term loan first lien$406,912$400,736
100c
11.30%
P••••••••• I•••term loan first lien$405,476$398,511
100c
12.00%
L•••••••• S•••••••• P••• L•••term loan first lien$500,000$397,719
100c
11.50%
H•••••• H••••• I•••term loan first lien$750,000$394,851
61c
13.50%
S••••••• W••••• I•••term loan first lien$397,328$389,068
100c
12.00%
O••• H••••••• C••term loan first lien$406,735$388,544
100c
11.30%
A•••••• S••••••••• I•••term loan first lien$391,258$385,574
100c
10.80%
M••••••••• I•••term loan first lien$399,651$384,690
100c
12.50%
A•••••• S••••••••• I•••term loan first lien$391,060$377,901
100c
10.80%
T••••••••• I•••term loan first lien$399,320$365,747
100c
12.00%
F••••••• I•••term loan first lien$375,000$364,471
100c
11.80%
O••• H•••••• I•••term loan first lien$373,847$363,475
100c
12.00%
S•••• C•••• I•••term loan first lien$364,237$362,009
100c
12.50%
R•••• I•••term loan first lien$11.6M$361,239
4c
12.50%
H•••••••• I•••term loan first lien$352,506$349,409
100c
11.80%
B• I••••••••• I•••term loan first lien$342,089$336,699
100c
11.80%
M••• I•••term loan first lien$361,462$329,755
100c
12.00%
T••• I•••term loan first lien$375,000$324,556
100c
14.30%
R••••••••• U••• L••term loan first lien$431,102$320,718
80c
12.00%
B••••• I•••term loan first lien$346,095$317,649
100c
11.50%
S••••••• I••term loan first lien$329,568$316,500
100c
12.50%
W•••• W••••• I•• I•••term loan first lien$314,543$314,543
100c
12.00%
C•••••• A•••••••• I•••term loan first lien$314,393$314,393
100c
12.00%
W•••• W••••• I•• I•••term loan first lien$314,176$314,176
100c
12.00%
F•••••••• I•••term loan first lien$691,732$308,534
45c
12.00%
M••••• H•••••• I•••term loan first lien$314,382$299,761
100c
12.00%
H•••• H•••• I•••term loan first lien$296,095$294,518
100c
11.00%
B••••• I•••term loan first lien$296,778$293,099
100c
11.50%
C••••• C••••••• I•••term loan first lien$283,712$282,621
100c
12.80%
A••••••• I•••term loan first lien$279,146$278,538
100c
11.00%
A••••••• I•••term loan first lien$279,043$277,395
100c
11.00%
T•••••••• I•••term loan first lien$336,131$273,159
85c
10.50%
V••• G••••• I•••term loan first lien$278,723$272,406
100c
12.50%
W•••• W••••• I•• I•••term loan first lien$314,154$271,958
100c
12.00%
S•••••••• D••••••• I•••term loan first lien$266,300$264,747
100c
12.00%
B•••••••• B••••••••• I•••term loan first lien$275,000$263,574
100c
6.00%
Y•• H•••••• I•••term loan first lien$1.8M$251,280
15c
12.00%
T•••••••• I•••term loan first lien$298,319$251,147
100c
12.00%
Z••• T••••••••• I•••term loan first lien$250,000$249,997
100c
10.00%
L••••• P•••• I•••term loan first lien$258,755$248,385
100c
11.00%
C•••••• L••••••term loan first lien$250,000$243,708
100c
14.00%
C•••••••• I•••term loan first lien$250,000$242,058
100c
15.00%
O•••• I•••term loan first lien$243,427$239,713
100c
12.00%
S••••••• W••••• I•••term loan first lien$232,528$230,457
100c
12.00%
H•••••• H••••• I•••term loan first lien$407,644$228,875
61c
12.50%
O••• H•••••• I•••term loan first lien$231,128$228,587
100c
12.00%
Z••• T••••••••• I•••term loan first lien$250,000$226,764
100c
10.00%
P••••••••• i•••term loan first lien$242,794$222,830
100c
12.00%
K••• I•••term loan first lien$250,000$218,018
100c
14.00%
S•••••••• D••••••• I•••term loan first lien$241,605$215,760
100c
12.00%
Y••• B••••••••• I•••term loan first lien$250,000$213,070
100c
13.30%
F••••••• I•••term loan first lien$250,000$212,293
100c
11.80%
H••••• G••••• E••••••••• I•••term loan first lien$207,813$207,283
100c
12.50%
B••••••••• I•••term loan first lien$298,612$207,218
70c
12.30%
A•••••• I•••term loan first lien$200,000$199,989
100c
12.50%
L••••••• H••••••• I•••term loan first lien$313,240$197,068
75c
11.00%
A•••••• I•••term loan first lien$300,000$196,815
100c
12.50%
Q••••••• I•••term loan first lien$202,740$196,508
100c
12.00%
C•••••••• I•••term loan first lien$250,000$195,438
100c
15.00%
S••• A•••••• I•••term loan first lien$4.9M$193,603
6c
18.00%
T••••••••• I•••term loan first lien$197,707$192,406
100c
12.50%
D••••• B••••••••• I•••term loan first lien$192,798$191,887
100c
11.00%
A•••• A•••• I•••term loan first lien$186,965$185,327
100c
12.00%
H•••• H•••• I•••term loan first lien$185,184$183,753
100c
11.00%
M••••••••• I•••term loan first lien$157,465$155,155
100c
12.50%
R•••• T••••••••• I•••term loan first lien$200,000$153,702
100c
11.00%
M••••••• I•••term loan first lien$151,008$150,084
100c
12.00%
H•••• H•••• I•••term loan first lien$148,189$147,825
100c
11.00%
F•••••••• I•••term loan first lien$345,688$146,499
45c
12.00%
Page 3 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