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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 Sep 30, 2024
528 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
W•••••••• F•••••• L•••••••• L••••••unstated lien unstated$199,000$244,000
110c
S+675 bp
S••••• I•••••••• I•••equity equityNot disclosed$244,000
98c
P•••••• I•••unstated lien unstated$247,000$244,000
100c
S+650 bp
T••• F••••••• I•••unstated lien unstated$240,000$242,000
100c
11.00%
J••• S•••••••• 1•warrants equityNot disclosed$240,000
45c
T••• F••••••• I•••unstated lien unstated$220,000$233,000
100c
11.00%
S••••••• I•••warrants equityNot disclosed$233,000
245c
C••••••• V••••••• I••• 3•warrants equityNot disclosed$232,000
113c
H•••• T••••••••• I••• 1•equity equityNot disclosed$228,000
115c
T••• F••••••• I•••unstated lien unstated$216,000$227,000
100c
11.00%
F•••• L•••• I•••warrants equityNot disclosed$223,000
343c
T••• F••••••• I•••unstated lien unstated$208,000$221,000
100c
11.00%
M••••••• T••••••••• C••••••••• 1•equity equityNot disclosed$217,000
83c
L••••• H••••• I•••warrants equityNot disclosed$216,000
584c
P••••• A• F•••• G•••unstated lien unstated$207,000$209,000
100c
S+775 bp
F•••••••• I•••term loan lien unstated$183,000$208,000
100c
S+625 bp
T••• F••••••• I•••unstated lien unstated$200,000$206,000
100c
11.00%
P•••••• I•••unstated lien unstated$201,000$199,000
100c
S+650 bp
T••••••• I•••warrants equityNot disclosed$199,000
173c
F•••••••• I•••equity equityNot disclosed$195,000
136c
H•••• T••••••••• I•••warrants equityNot disclosed$192,000
384c
F••••••••• I•••warrants equityNot disclosed$188,000
163c
S•••••••• I•••warrants equityNot disclosed$187,000
890c
L••••• H••••• I•••equity equityNot disclosed$187,000
100c
D•••• G•••unstated lien unstated$529,000$186,000
37c
P•••••• I•••unstated lien unstated$187,000$185,000
100c
S+650 bp
T••• F••••••• I•••unstated lien unstated$170,000$180,000
100c
11.00%
C•••••••• I•••warrants equityNot disclosed$180,000
100c
F•••• B•••••• L••unstated lien unstated$180,000$178,000
100c
S+525 bp
F•• H••••• U• L••••••unstated lien unstated$173,000$177,000
100c
S+575 bp
P•••••• I•••unstated lien unstated$177,000$175,000
100c
S+650 bp
P•••••• I•••unstated lien unstated$176,000$174,000
100c
S+650 bp
F•••• B•••••• L••unstated lien unstated$184,000$174,000
94c
12.00%
A•••• G••••• I••• 1•warrants equityNot disclosed$173,000
131c
P••••• A• F•••• G•••unstated lien unstated$172,000$172,000
100c
S+775 bp
T••• F••••••• I•••unstated lien unstated$150,000$160,000
100c
11.00%
F••••••••• I••• 2•warrants equityNot disclosed$160,000
82c
C•••••••• I••• 1•warrants equityNot disclosed$160,000
134c
T••• H••••••• L••••••warrants equityNot disclosed$159,000
353c
P••••••• E••••••••• I••••unstated lien unstated$160,000$158,000
100c
S+100 bp
M••••••• T••••••••• C••••••••• 2•equity equityNot disclosed$157,000
83c
T••• F••••••• I•••unstated lien unstated$150,000$154,000
100c
11.00%
M• M•••• L••••••term loan lien unstated$555,000$154,000
32c
E•••••••• S••••••••• I•••unstated lien unstated$322,000$151,000
47c
S+650 bp
PIK 6.50%
A••••••••• I•••equity equityNot disclosed$151,000
151c
E•••••••• S••••••••• I•••unstated lien unstated$322,000$151,000
46c
S+650 bp
PIK 6.50%
P•••••• 1•••• I•••unstated lien unstated$350,000$150,000
42c
S+575 bp
K••• L•••••• I•••equity equityNot disclosed$150,000
100c
O••••••• S•••••• I•••equity equityNot disclosed$150,000
100c
P•••••• I•••unstated lien unstated$150,000$149,000
100c
S+650 bp
P•••••• I•••unstated lien unstated$147,000$146,000
100c
S+650 bp
F••••••••• I••• 2•warrants equityNot disclosed$146,000
162c
A•••••••• L••unstated lien unstated$142,000$145,000
95c
5.50%
PIK 6.50%
M•••••• I•••warrants equityNot disclosed$143,000
48c
E••••••••• I•••equity equityNot disclosed$141,000
40c
F•••• B•••••• L••unstated lien unstated$147,000$141,000
100c
S+525 bp
R•••••• L•••• I•••warrants equityNot disclosed$140,000
115c
M••••••• T••••••••• C•••••••••warrants equityNot disclosed$140,000
90c
C••••••• V••••••• I•••equity equityNot disclosed$136,000
68c
Q•••• C••••••• L••• 2•equity equityNot disclosed$135,000
519c
O••• C•••• ••••• G••••• C••••• 1•equity equityNot disclosed$133,000
162c
N•• G•••warrants equityNot disclosed$130,000
75c
T••• F••••••• I•••unstated lien unstated$116,000$123,000
100c
11.00%
T••• F••••••• I•••equity equityNot disclosed$122,000
122c
O••••••• H•••••• I••• 3•warrants equityNot disclosed$121,000
136c
R••••••••• I••• ••••• M••• M••••••••• I•••• 3•warrants equityNot disclosed$120,000
1091c
T••• F••••••• I•••unstated lien unstated$105,000$112,000
100c
11.00%
S•••• N••••••••• I•••warrants equityNot disclosed$109,000
279c
U••••••• I•••warrants equityNot disclosed$109,000
248c
B••• T••••••••• I•••warrants equityNot disclosed$107,000
188c
R••••••••• I••• ••••• M••• M••••••••• I•••• 1•warrants equityNot disclosed$107,000
129c
A•••••• P••••• I•••equity equityNot disclosed$105,000
63c
O••• C•••• ••••• G••••• C••••• 2•warrants equityNot disclosed$105,000
162c
T••• F••••••• I•••unstated lien unstated$100,000$104,000
100c
11.00%
S••••• I•••unstated lien unstated$111,000$104,000
90c
S+900 bp
O••• C•••• ••••• G••••• C••••• 2•equity equityNot disclosed$103,000
130c
F•••• B•••••• L••unstated lien unstated$104,000$102,000
100c
S+525 bp
Q•••• C••••••• L•••unstated lien unstated$133,000$102,000
93c
PIK 6.00%
E•••••••• S••••••••• I•••unstated lien unstated$215,000$101,000
47c
S+650 bp
PIK 6.50%
R••••••• H••••• I•••equity equityNot disclosed$100,000
100c
D•••• G•••unstated lien unstated$268,000$99,000
37c
C••••••• V••••••• I••• 2•warrants equityNot disclosed$97,000
114c
J••• S•••••••• 2•warrants equityNot disclosed$96,000
100c
Q•••••• C•••••••• I•••unstated lien unstated$94,000$96,000
100c
S+575 bp
A••••••••• I••• 3•warrants equityNot disclosed$96,000
120c
R•••• C•••••••• I••• 1•warrants equityNot disclosed$95,000
158c
D•••• H•••• I••• 1•equity equityNot disclosed$95,000
100c
O••• C•••• ••••• G••••• C••••• 1•warrants equityNot disclosed$93,000
103c
L••• O•••••• S•••••••• I•••warrants equityNot disclosed$92,000
159c
H•••• I••• 1•warrants equityNot disclosed$90,000
117c
B••• T••••••••• I•••equity equityNot disclosed$87,000
109c
I•••••••• G•••• G••••• L••warrants equityNot disclosed$86,000
75c
N•••••• O•• W•••• A• 4•warrants equityNot disclosed$84,000
106c
O••• C•••• ••••• G••••• C••••• 3•warrants equityNot disclosed$84,000
100c
U••••••• T••••••••• I•••equity equityNot disclosed$82,000
82c
O••••••• H•••••• I••• 1•warrants equityNot disclosed$81,000
159c
A•••••••• L••• 1•warrants equityNot disclosed$80,000
52c
P•••• H•••••• I•••warrants equityNot disclosed$79,000
100c
A•••••• P••••• I••• 1•warrants equityNot disclosed$79,000
103c
S•••• A•••••••• S••••••• I•••unstated lien unstated$782,000$78,000
9c
S+650 bp
PIK 6.50%
Page 3 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.