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 Jun 30, 2025
109 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
S••••••••• L••••• P•••••••• L••term loan first lien$14.0M$12.0M
91c
12.50%
C••••• C••••••• I•••term loan first lien$9.9M$9.5M
96c
11.80%
Q•••••••• C••••term loan first lien$9.5M$9.1M
100c
12.00%
R•••••• E•••••• I•••term loan first lien$8.5M$8.5M
100c
13.50%
K•••• K••••• I•••term loan first lien$5.3M$5.2M
100c
13.00%
R••••••••• I•••term loan first lien$6.0M$4.9M
93c
11.30%
M•••• L•••• I•••term loan first lien$4.4M$4.3M
100c
13.30%
Z••••• I•••term loan first lien$3.6M$3.5M
100c
11.50%
D•••••••• I•••term loan first lien$5.4M$3.1M
100c
11.00%
E••••• T••••••••• I•••term loan first lien$3.1M$2.4M
86c
12.00%
H••••• G••••• E••••••••• I•••term loan first lien$2.2M$2.0M
100c
15.00%
P•••• P•••••• I•••term loan first lien$2.9M$1.9M
90c
11.60%
U•••• L••• I•••term loan first lien$1.9M$1.8M
100c
13.50%
Z••••• I•••term loan first lien$1.6M$1.6M
100c
11.50%
U••• I•••term loan first lien$1.4M$1.4M
100c
11.50%
G••• C••••••• I•••term loan first lien$1.5M$1.3M
100c
12.30%
M••••••••• I•••term loan first lien$1.5M$1.3M
90c
11.10%
U•• D•••••• H•••••• I•••term loan first lien$1.3M$1.2M
100c
12.50%
i••••••••• I•••term loan first lien$3.0M$1.1M
38c
12.30%
J••• M•••••• I•••term loan first lien$1.1M$1.1M
100c
12.00%
B••••• I•••term loan first lien$1.7M$1.0M
59c
10.00%
H••••• T••••••••• I•••term loan first lien$992,991$980,347
100c
11.50%
B••••••• C•••• L••term loan first lien$4.3M$974,181
25c
12.90%
S•••••••• I•••term loan first lien$1.8M$947,530
55c
13.70%
C•••••••• I•••term loan first lien$1.1M$941,448
100c
11.00%
B•••••••• I•••term loan first lien$1.0M$934,752
100c
14.10%
C•••••• A•••••••• I•••term loan first lien$1.4M$927,667
73c
12.00%
V••• H••••••• L••••••term loan first lien$2.5M$917,520
100c
12.00%
A••••• I•••term loan first lien$863,164$837,380
100c
13.50%
S• I••••••••• I•••term loan first lien$802,529$762,806
100c
13.50%
E•••••••• I•••term loan first lien$1.2M$729,403
60c
12.00%
J•• M•••••••• I••term loan first lien$707,128$661,162
100c
12.00%
R•••• T••••••••• I•••term loan first lien$662,107$657,038
100c
11.00%
R••• G••••••• I•••term loan first lien$1.4M$649,664
54c
11.80%
S• I••••••••• I•••term loan first lien$600,245$600,245
100c
13.50%
C••••• S••• I••term loan first lien$600,284$588,235
100c
11.00%
C•••• I••••••• I•••term loan first lien$750,000$586,264
80c
12.00%
S••• S••••••••• I•••term loan first lien$576,173$573,605
100c
11.50%
L•••••••• S•••••••• P••• L•••term loan first lien$573,134$568,322
100c
12.80%
A••••• I•••term loan first lien$957,356$548,094
60c
12.80%
S• I••••••••• I•••term loan first lien$535,371$535,371
100c
13.50%
L•••••••• I•••term loan first lien$2.4M$532,723
23c
14.10%
V•••• H••••••• I•••term loan first lien$513,733$509,300
100c
11.80%
V•••• H••••••• I•••term loan first lien$513,733$501,184
100c
11.80%
I•••••••• R•••••••• I•••term loan first lien$471,101$467,635
100c
12.00%
L••••••• H••••••• I•••term loan first lien$4.0M$436,345
12c
10.30%
F••••••••• T••••••••• I•••term loan first lien$441,263$430,238
100c
13.50%
D•• S••••• I•••term loan first lien$960,222$420,559
100c
10.00%
T••••••• A•••• I•••term loan first lien$669,230$380,891
57c
12.00%
K••• H••••••• L••••••term loan first lien$376,670$374,491
100c
11.80%
A••••• C•••••••••term loan first lien$363,512$363,512
100c
10.50%
A••••• C•••••••••term loan first lien$363,513$359,613
100c
10.50%
C•••••• L••••••term loan first lien$354,463$350,451
100c
15.50%
V••••• H•••••• I•••term loan first lien$711,734$318,891
52c
12.00%
B•••••••• I•••term loan first lien$316,658$316,658
100c
11.30%
S••• S••••••••• I•••term loan first lien$309,669$308,217
100c
11.50%
C••••• S••• I••term loan first lien$284,510$284,510
100c
11.00%
O•••••••• I•••term loan first lien$288,692$276,091
100c
12.30%
H•••••• H••••• I•••term loan first lien$1.2M$253,305
27c
12.50%
D••••••• T•••••••• I•••term loan first lien$359,964$252,847
100c
13.50%
R•••• T••••••••• I•••term loan first lien$239,400$237,542
100c
11.00%
T••••••••• I•••term loan first lien$382,233$235,230
100c
12.50%
Z••• T••••••••• I•••term loan first lien$251,129$233,996
100c
10.00%
H••••••• H•••••• I•••term loan first lien$232,820$230,904
100c
11.00%
R••••••••• U••• L••term loan first lien$405,041$226,953
55c
12.00%
P••••• I•••term loan first lien$209,907$209,907
100c
12.80%
P••••• I•••term loan first lien$209,371$207,156
100c
12.50%
J•••• P••••••• I•••term loan first lien$183,310$181,542
100c
15.80%
O••• I•••term loan first lien$169,938$169,055
100c
14.80%
C•••••• L••••••term loan first lien$168,322$166,287
100c
11.80%
O••• I•••term loan first lien$168,228$165,288
100c
13.50%
I••••• R••••••• G••••• L•••term loan first lien$181,177$163,130
100c
13.00%
G••••••• I•••term loan first lien$156,798$155,279
100c
11.50%
J•••• P••••••• I•••term loan first lien$154,177$152,872
100c
15.30%
J•••• P••••••• I•••term loan first lien$126,258$125,097
100c
13.00%
1••••• P•• L•••term loan first lien$5.5M$117,000
2c
12.00%
T•••• H••••• • S••••••• T••••••••• I•••term loan first lien$114,702$114,204
100c
12.00%
L•••••••• S•••••••• P••• L•••term loan first lien$111,949$107,442
100c
11.50%
K••• I•••term loan first lien$110,698$106,712
100c
14.00%
C•••••••• I•••term loan first lien$392,046$106,206
30c
15.00%
V•••••••• I•••term loan first lien$102,785$102,785
100c
15.00%
B•••• C••• T••••••••• I•••term loan first lien$738,617$99,204
15c
12.00%
V•••••••• I•••term loan first lien$102,598$98,980
100c
14.80%
Y••• B••••••••• I•••term loan first lien$101,482$97,435
100c
13.30%
R•••• T••••••••• I•••term loan first lien$100,167$90,494
100c
11.00%
H•••• I•••term loan first lien$242,433$89,505
100c
13.50%
C•••••• L••••••term loan first lien$84,456$83,968
100c
14.00%
T•••••••• I•••term loan first lien$74,798$76,108
100c
12.00%
P•••••• I•••term loan first lien$2.0M$57,840
4c
12.50%
V•••••• H•••••••• I•••term loan first lien$57,258$57,038
100c
12.30%
G••••••••• I•••term loan first lien$121,614$39,578
40c
11.50%
F••• R••••••• I•••term loan first lien$250,572$39,333
16c
11.00%
P••••••••• T••••••••• I•••term loan first lien$38,438$38,294
100c
12.00%
F••• R••••••• I•••term loan first lien$216,807$34,064
16c
11.00%
R•••• I•••term loan first lien$11.3M$23,751
0c
12.50%
F••••••• I•••term loan first lien$547,646$23,507
5c
11.80%
F••• R••••••• I•••term loan first lien$147,195$23,167
16c
11.00%
F••• R••••••• I•••term loan first lien$111,419$17,258
16c
11.00%
A••••• M••••••• I•••term loan first lien$398,742$0
0c
18.00%
S••• A•••••• I•••term loan first lien$4.9M$0
0c
18.00%
Page 1 of 2Next
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