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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 Dec 31, 2024
1,486 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
C•••••• C••••••••• 1•equity equityNot disclosed$2,000
15c
M••••••••• N•••••••• I••• 3•warrants equityNot disclosed$2,000
100c
C•••••• C•••••••••preferred equity equityNot disclosed$2,000
15c
C•••••• C••••••••• 1•equity equityNot disclosed$2,000
15c
M••••••••• N•••••••• I••• 3•warrants equityNot disclosed$2,000
100c
R•••• N••••••• I•••revolver lien unstated$8,000$2,000
25c
S+575 bp
PIK 5.75%
H• L•• •••••••warrants equityNot disclosed$2,000
5c
R•••• N••••••• I••• 4•revolver lien unstated$8,000$2,000
25c
S+575 bp
PIK 5.75%
H• L•• ••••••• 2•warrants equityNot disclosed$2,000
5c
R•••• N••••••• I•••revolver lien unstated$8,000$2,000
25c
S+575 bp
PIK 5.75%
C•••••• C•••••••••preferred equity equityNot disclosed$1,000
50c
C•••••••• H•••••• I•••preferred equity equityNot disclosed$1,000
0c
C•••••••• H•••••• I•••equity equityNot disclosed$1,000
0c
E•••••••• S••••••••• I••• 2•warrants equityNot disclosed$1,000
100c
D•••• H•••• I••• 2•equity equityNot disclosed$1,000
20c
E•••••••• S••••••••• I•••warrants equityNot disclosed$1,000
100c
E••••• M•••• T••••••••• I•••warrants equityNot disclosed$1,000
100c
C•••••••• H•••••• I•••equity equityNot disclosed$1,000
0c
C•••••• C••••••••• 2•equity equityNot disclosed$1,000
50c
C•••••• C••••••••• 2•equity equityNot disclosed$1,000
50c
F•••• H•••••• I•••warrants equityNot disclosed$1,000
100c
D•••• H•••• I••• 2•equity equityNot disclosed$1,000
20c
E••••• M•••• T••••••••• I••• 3•warrants equityNot disclosed$1,000
100c
E••••• M•••• T••••••••• I••• 3•warrants equityNot disclosed$1,000
100c
E•••••••• S••••••••• I••••warrants equityNot disclosed$1,000
100c
D•••• H•••• I•••equity equityNot disclosed$1,000
20c
F•••• H•••••• I••••warrants equityNot disclosed$1,000
100c
F•••• H•••••• I•••preferred equity equityNot disclosed$1,000
100c
E•••••••• S••••••••• I••• 2•warrants equityNot disclosed$1,000
100c
C••••• C••••••••• I•••warrants equityNot disclosed$0
0c
P•••••• A••• I••• 4•warrants equityNot disclosed$0
W•••• A•• I•••warrants equityNot disclosed$0
P•••••• A••• I••• 1•warrants equityNot disclosed$0
0c
E•••••••• S••••••••• I••• 1•warrants equityNot disclosed$0
0c
F•••• S•preferred equity equityNot disclosed$0
S••••• I•••preferred equity equityNot disclosed$0
0c
P•••••• A••• I••• 3•warrants equityNot disclosed$0
0c
P•••••• A••• I•••preferred equity equityNot disclosed$0
H•••••• I••• 3•warrants equityNot disclosed$0
0c
H• L•• ••••••• 1•warrants equityNot disclosed$0
0c
P•••••• A••• I•••preferred equity equityNot disclosed$0
0c
C••••• C••••••••• I•••preferred equity equityNot disclosed$0
0c
C•••••••• H•••••• I•••warrants equityNot disclosed$0
0c
C••••• C••••••••• I•••warrants equityNot disclosed$0
0c
N•••••• O•• W•••• A• 1•warrants equityNot disclosed$0
0c
D•••• H•••• I•••warrants equityNot disclosed$0
0c
F•••• S• 1•warrants equityNot disclosed$0
0c
S••••• I••• 2•warrants equityNot disclosed$0
0c
B•••• a•• W••• M•••• 2• L••••••warrants equityNot disclosed$0
0c
N•••••• O•• W•••• A• 4•warrants equityNot disclosed$0
0c
W•••• A•• I•••warrants equityNot disclosed$0
N•••••• O•• W•••• A• 4•warrants equityNot disclosed$0
0c
N•••••• O•• W•••• A• 3•warrants equityNot disclosed$0
E••••• M•••• T••••••••• I•••preferred equity equityNot disclosed$0
0c
N•••••• O•• W•••• A•preferred equity equityNot disclosed$0
0c
B•••• a•• W••• M•••• 2• L••••••warrants equityNot disclosed$0
0c
N••• D•••••• I•••warrants equityNot disclosed$0
0c
N••• D•••••• I•••preferred equity equityNot disclosed$0
0c
N•••••• O•• W•••• A• 2•warrants equityNot disclosed$0
0c
S••••• I••• 1•warrants equityNot disclosed$0
0c
H•••••• I••• 2•warrants equityNot disclosed$0
0c
H•••••• I•••preferred equity equityNot disclosed$0
0c
B•••• a•• W••• M•••• 2• L•••••••warrants equityNot disclosed$0
0c
E•••••••• S••••••••• I•••warrants equityNot disclosed$0
0c
M••••• I•••warrants equityNot disclosed$0
0c
S••••• I••• 1•warrants equityNot disclosed$0
0c
S••••• I•••preferred equity equityNot disclosed$0
0c
S••••• I•••warrants equityNot disclosed$0
0c
F•••• S• 2•warrants equityNot disclosed$0
F•••• S• 1•warrants equityNot disclosed$0
0c
H• L•• •••••••preferred equity equityNot disclosed$0
0c
W••••••• L•••• I•••warrants equityNot disclosed$0
F•••• S• 2•warrants equityNot disclosed$0
N••• D•••••• I•••warrants equityNot disclosed$0
0c
C•••••••• H•••••• I•••warrants equityNot disclosed$0
0c
F•••• S•preferred equity equityNot disclosed$0
0c
P•••••• 1•••• I•••warrants equityNot disclosed$0
0c
N•••••• O•• W•••• A• 2•warrants equityNot disclosed$0
0c
P•••••• A••• I••• 2•warrants equityNot disclosed$0
0c
W•••• A•• I•••warrants equityNot disclosed$0
P•••••• A••• I•••preferred equity equityNot disclosed$0
0c
H•••••• I••• 1•warrants equityNot disclosed$0
0c
S••••• I•••warrants equityNot disclosed$0
0c
S••••• I••• 2•warrants equityNot disclosed$0
0c
E••••• M•••• T••••••••• I•••preferred equity equityNot disclosed$0
0c
P•••••• 1•••• I•••preferred equity equityNot disclosed$0
0c
H•••••• I•••warrants equityNot disclosed$0
0c
D•••• H•••• I•••warrants equityNot disclosed$0
0c
N•••••• O•• W•••• A• 1•warrants equityNot disclosed$0
0c
M••••• I•••warrants equityNot disclosed$0
0c
E••••• M•••• T••••••••• I••• 2•warrants equityNot disclosed$0
0c
P•••••• A••• I••• 1•warrants equityNot disclosed$0
0c
H•••••• I••• 2•warrants equityNot disclosed$0
0c
N•••••• O•• W•••• A•preferred equity equityNot disclosed$0
0c
N•••••• O•• W•••• A• 3•warrants equityNot disclosed$0
N•••••• O•• W•••• A•preferred equity equityNot disclosed$0
H•••••• I•••preferred equity equityNot disclosed$0
0c
P•••••• A••• I••• 2•warrants equityNot disclosed$0
0c
H•••••• I••• 3•warrants equityNot disclosed$0
0c
G•••• C••••••••• I•••warrants equityNot disclosed$0
0c
Page 14 of 15PreviousNext
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.