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T••••••••• P•••••• V•••••• C••••• I•••

Business development companymanaged by T••••••••• A••••••• L••Non-traded· MENLO PARK, CA

A non-traded business development company, managed by T••••••••• A••••••• L••, holding $387M across 193 borrowers at Jun 30, 2026.

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

Fair value
$387M
Schedule of investments, 10-Q and 10-K
Borrowers
193
Schedule of investments, 10-Q and 10-K
Mark on cost
92.2¢
Schedule of investments, 10-Q and 10-K
Schedule of investments (492)Quarter by quarterSponsors
As of · the latest schedule of investments read for this BDC

What matters now

  1. $24M
    on non-accrual, 4 borrowers

    4 borrowers on non-accrual, $24M principal; the largest is S••••• I•• ($9.61M).

    Q2 2026 · Loans that have stopped paying interest; they set the book's credit losses.

    FactBDC schedules of investments, 30 Jun 2026For LPs and shareholders in these BDCs, co-lenders on the same namesOpen S••••• I•• →
  2. $7M
    newly on non-accrual

    1 borrower newly placed on non-accrual in Q2 2026, $7M principal: M••••• I•• ($7M).

    Q2 2026 · The newest credit problems in the book.

    FactBDC schedules of investments, 30 Jun 2026Open M••••• I•• →
  3. 33 below 80¢
    $33.5M principal

    33 positions across 9 borrowers marked below 80¢ on cost, $33.5M principal.

    Q2 2026 · Marks this low usually come before non-accrual or a restructuring.

    Derivedeach position's fair value over cost, 30 Jun 2026
Every headline figure, and the identifiersCIK 1792509 · file 814-01327Show
Fair value
$387M
as of Jun 30, 2026
Principal held
$334M
debt pieces, the filer's figure
Cost
$381M
92c on cost, debt pieces
Unfunded
$92.1M
commitments not yet drawn
Positions
492
193 borrowers
First lien
not established
80% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
332
12 sponsors financed
Portfolio through time
Fair value by quarter end$387M as of Jun 30, 2026
Dec 31, 2022$442M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$387M19392c36474 bp
Mar 31, 2026$394M19191c43473 bp
Dec 31, 2025$772M19792c87484 bp
Sep 30, 2025$362M19590c42517 bp
All 15 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2025$347M18292c42520 bp
Mar 31, 2025$417M17790c28525 bp
Dec 31, 2024$1.2B21394c109523 bp
Sep 30, 2024$438M17596c33545 bp
Jun 30, 2024$415M17096c27557 bp
Mar 31, 2024$444M16397c19573 bp
Dec 31, 2023$548M18697c5573 bp
Sep 30, 2023Not disclosed68n/a0n/a
Jun 30, 2023Not disclosed56n/a0n/a
Mar 31, 2023Not disclosed56n/a0n/a
Dec 31, 2022$442M17597c1611 bp
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, 2024
509 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
Q•••••• C•••••••• I•••unstated lien unstated$1.0M$1.0M
100c
S+700 bp
E••••• M•••• T••••••••• I•••unstated lien unstated$1.0M$998,000
100c
S+625 bp
PIK 6.25%
V•••••• F•••••••• I•••term loan lien unstated$1.0M$992,000
100c
S+250 bp
L••• O•••••• S••••••••• I•••unstated lien unstated$1.0M$984,000
100c
S+675 bp
L••• O•••••• S••••••••• I•••unstated lien unstated$1.0M$982,000
100c
S+675 bp
L••• O•••••• S••••••••• I•••unstated lien unstated$1.0M$982,000
100c
S+675 bp
A•••••••• L••unstated lien unstated$914,000$970,000
106c
S+550 bp
PIK 8.30%
F•••• B•••••• L••unstated lien unstated$947,000$970,000
99c
12.00%
K••••• M••••• C••••••equity equityNot disclosed$940,000
134c
S••••• I•••unstated lien unstated$984,000$916,000
90c
S+550 bp
F•••• S•term loan lien unstated$1.3M$909,000
71c
9.75%
F•••• S•term loan lien unstated$1.3M$909,000
70c
9.75%
B••• G••••••••• I•••unstated lien unstated$875,000$906,000
100c
S+525 bp
F•••• B•••••• L••unstated lien unstated$848,000$872,000
99c
12.00%
S•••• A•••••••• S••••••• I•••unstated lien unstated$782,000$870,000
100c
S+650 bp
PIK 6.50%
T••• F••••••• I•••unstated lien unstated$800,000$836,000
100c
11.00%
S••••• I•••unstated lien unstated$903,000$830,000
90c
S+325 bp
A•• I•••••••••unstated lien unstatedNot disclosed$830,000
100c
T••• F••••••• I•••unstated lien unstated$760,000$794,000
100c
11.00%
N•• G•••equity equityNot disclosed$793,000
115c
B••• G••••••••• I••••unstated lien unstated$750,000$793,000
100c
S+750 bp
D•••• R•• O••• I•••unstated lien unstated$696,000$749,000
100c
S+500 bp
S••••• I•••unstated lien unstated$795,000$740,000
90c
S+550 bp
T••• F••••••• I•••unstated lien unstated$720,000$732,000
101c
11.00%
K•••• F•••••••• T••••••••• I••••••••• 1•warrants equityNot disclosed$713,000
784c
F•••• B•••••• L••unstated lien unstated$700,000$709,000
99c
12.00%
F•• H••••• U• L••••••unstated lien unstated$700,000$704,000
100c
S+575 bp
R••••••••• G••••warrants equityNot disclosed$667,000
100c
W•••••••• F•••••• L•••••••• L••••••unstated lien unstated$633,000$666,000
104c
S+475 bp
T••••• M••••••• I•••unstated lien unstated$693,000$664,000
97c
S+242 bp
PIK 2.33%
F•• H••••• U• L••••••unstated lien unstated$667,000$653,000
100c
S+575 bp
Q•••• C••••••• L•••unstated lien unstated$784,000$621,000
97c
PIK 6.00%
P••• R•••••••• I•••unstated lien unstated$575,000$605,000
100c
S+600 bp
Q•••• C••••••• L••• 1•equity equityNot disclosed$598,000
98c
P••••• A• F•••• G•••unstated lien unstated$588,000$597,000
100c
S+775 bp
C••••••• I•••unstated lien unstated$561,000$593,000
100c
S+325 bp
F••••••••• I••• 1•warrants equityNot disclosed$584,000
162c
S•••• I•••warrants equityNot disclosed$583,000
1023c
R•••• N••••••• I•••revolver lien unstated$2.4M$578,000
23c
S+575 bp
A••••••• S•••• T••••••••• C••••warrants equityNot disclosed$578,000
608c
T••• F••••••• I•••unstated lien unstated$565,000$576,000
101c
11.00%
S•••• A•••••••• S••••••• I••••unstated lien unstated$534,000$574,000
100c
S+650 bp
PIK 6.50%
F••••••••• I•••term loan lien unstated$600,000$573,000
97c
S+400 bp
F••••••••• I•••term loan lien unstated$600,000$571,000
97c
S+400 bp
M••••• I•••warrants equityNot disclosed$563,000
96c
M• M•••• L••••••term loan lien unstated$1.7M$560,000
97c
F••••• I•••unstated lien unstated$556,000$544,000
100c
S+400 bp
N•••••• O•• W•••• A•unstated lien unstated$609,000$519,000
93c
S+825 bp
J•••• S•••••••• I•••unstated lien unstated$500,000$512,000
98c
10.00%
J•••• S•••••••• I•••unstated lien unstated$500,000$506,000
100c
13.75%
A•••• H•••••• I•••unstated lien unstated$500,000$504,000
100c
S+800 bp
T••• S•••••• I•••unstated lien unstatedNot disclosed$500,000
100c
A•••• H•••••• I•••unstated lien unstated$500,000$500,000
100c
S+800 bp
E••••••••• I•••equity equityNot disclosed$500,000
100c
H••••••••• I••unstated lien unstated$500,000$492,000
99c
17.25%
F••••• I•••unstated lien unstated$500,000$488,000
100c
S+400 bp
P•••• B•••••• I•••warrants equityNot disclosed$479,000
154c
T••• P••••••• L••••••equity equityNot disclosed$477,000
93c
T••• F••••••• I•••unstated lien unstated$440,000$463,000
100c
11.00%
F•• H••••• U• L••••••unstated lien unstated$460,000$461,000
100c
S+575 bp
M• M•••• L••••••term loan lien unstated$555,000$461,000
97c
T•• B•••• T•• H•••••••• I•••warrants equityNot disclosed$460,000
331c
S•••••• I•••unstated lien unstated$455,000$455,000
100c
S+500 bp
D•••• G•••unstated lien unstated$723,000$451,000
62c
S+775 bp
P••••• G•••• I•••unstated lien unstated$407,000$451,000
100c
S+525 bp
T••• F••••••• I•••unstated lien unstated$434,000$440,000
101c
11.00%
C••••• T••••••••• I•••warrants equityNot disclosed$432,000
222c
F•••••••• I•••term loan lien unstated$372,000$375,000
100c
S+675 bp
T••• F••••••• I•••unstated lien unstated$361,000$370,000
101c
11.00%
M••••••• T••••••••• C••••••••• 3•equity equityNot disclosed$366,000
73c
F•••••••• I•••warrants equityNot disclosed$353,000
2353c
A••• H•••••••• I•••warrants equityNot disclosed$343,000
95c
E•••••••• A• I•••warrants equityNot disclosed$336,000
181c
F•••• B•••••• L••unstated lien unstated$324,000$333,000
99c
12.00%
O•••••••• I•••term loan lien unstated$334,000$333,000
100c
S+350 bp
F•••• B•••••• L••unstated lien unstated$315,000$325,000
99c
12.00%
W••• D••• I•••unstated lien unstatedNot disclosed$322,000
129c
A••••••••• I••• 1•warrants equityNot disclosed$319,000
247c
D•••• G•••unstated lien unstated$529,000$317,000
63c
S+775 bp
T••• F••••••• I•••unstated lien unstated$300,000$314,000
100c
11.00%
N•••••• O•• W•••• A•unstated lien unstated$342,000$309,000
100c
S+825 bp
F•••• L•••• I•••equity equityNot disclosed$303,000
121c
Q•••••• C•••••••• I•••unstated lien unstated$300,000$301,000
100c
S+575 bp
W•••••••• F•••••• L•••••••• L••••••unstated lien unstated$260,000$291,000
104c
S+675 bp
T••• F••••••• I•••warrants equityNot disclosed$287,000
235c
P•• F••• I•••equity equityNot disclosed$285,000
143c
F•••• B•••••• L••unstated lien unstated$263,000$272,000
99c
12.00%
D•••••• H•••••••• I•••warrants equityNot disclosed$272,000
296c
F••••••••• I•••equity equityNot disclosed$270,000
99c
O••• C•••• ••••• G••••• C••••• 4•warrants equityNot disclosed$270,000
321c
F•••••••• I•••term loan lien unstated$248,000$269,000
100c
S+625 bp
F•••• B•••••• L••unstated lien unstated$263,000$267,000
99c
12.00%
T••• F••••••• I•••unstated lien unstated$250,000$263,000
100c
11.00%
B••• G••••••••• I•••••unstated lien unstated$250,000$262,000
100c
S+525 bp
W•••••••• F•••••• L•••••••• L••••••unstated lien unstated$244,000$257,000
104c
S+675 bp
J••• S••••••• 1•equity equityNot disclosed$252,000
67c
E••••••••• I•••warrants equityNot disclosed$250,000
100c
P••••• A• F•••• G•••unstated lien unstatedNot disclosed$250,000
100c
H•••• G•••equity equityNot disclosed$245,000
55c
H••••••••• I•••unstated lien unstated$250,000$245,000
99c
18.00%
Page 2 of 6PreviousNext
Registration
Fiscal year end
1231reported
Incorporated
MDreported
On the SEC BDC report
2021 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Former names
T••••••••• Global Venture Credit, LLCreported
Latest schedule
0001792509-26-000024reported

Not yet on record: first lien.