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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
E•••• F•••••• G••••• I•••term loan lien unstated$1.0M$979,000
100c
S+325 bp
L••• O•••••• S••••••••• I••• 1•unstated lien unstated$978,000$974,000
100c
S+675 bp
L••• O•••••• S••••••••• I•••unstated lien unstated$978,000$974,000
100c
S+675 bp
L••• O•••••• S••••••••• I•••term loan lien unstated$978,000$974,000
100c
S+675 bp
V•••••• F•••••••• I•••term loan lien unstated$1.0M$968,000
96c
S+250 bp
V•••••• F•••••••• I•••term loan lien unstated$1.0M$968,000
96c
S+250 bp
V•••••• F•••••••• I•••term loan lien unstated$1.0M$968,000
96c
S+250 bp
V•••••• F•••••••• I•••term loan lien unstated$1.0M$968,000
96c
S+250 bp
T••• F••••••• I•••unstated lien unstated$991,000$964,000
92c
11.00%
T••• F••••••• I•••term loan lien unstated$991,000$964,000
92c
11.00%
T••• F••••••• I••• 1•unstated lien unstated$991,000$964,000
92c
11.00%
F•••• S•term loan lien unstated$1.4M$944,000
67c
PIK 9.75%
F•••• S• 2•term loan lien unstated$1.4M$944,000
68c
9.75%
F•••• S• 1•term loan lien unstated$1.4M$944,000
67c
PIK 9.75%
F•••• S•term loan lien unstated$1.4M$944,000
68c
PIK 9.75%
F•••• S•term loan lien unstated$1.4M$944,000
68c
9.75%
F•••• S•term loan lien unstated$1.4M$944,000
67c
PIK 9.75%
B••• G••••••••• I•••term loan lien unstated$875,000$929,000
100c
S+525 bp
B••• G••••••••• I••• 3•unstated lien unstated$875,000$929,000
100c
S+525 bp
B••• G••••••••• I•••unstated lien unstated$875,000$929,000
100c
S+525 bp
B••• G••••••••• I•••unstated lien unstated$875,000$929,000
100c
S+525 bp
F•••• B•••••• L•• 5•unstated lien unstated$947,000$919,000
93c
12.00%
F•••• B•••••• L••term loan lien unstated$947,000$919,000
93c
S+525 bp
F•••• B•••••• L••unstated lien unstated$947,000$919,000
93c
12.00%
T••••••• G•••term loan lien unstated$871,000$875,000
96c
S+710 bp
T••••••• G•••unstated lien unstated$871,000$875,000
96c
S+710 bp
T••••••• G•••unstated lien unstated$871,000$875,000
96c
S+710 bp
F•••• B•••••• L••term loan lien unstated$848,000$834,000
94c
S+525 bp
F•••• B•••••• L•• 7•unstated lien unstated$848,000$834,000
94c
12.00%
F•••• B•••••• L••unstated lien unstated$848,000$834,000
94c
12.00%
A•• I•••••••••preferred equity equityNot disclosed$830,000
100c
A•• I•••••••••equity equityNot disclosed$830,000
100c
A•• I••••••••• 1•equity equityNot disclosed$830,000
100c
B••• G••••••••• I•••term loan lien unstated$750,000$807,000
100c
S+750 bp
B••• G••••••••• I••• 1•unstated lien unstated$750,000$807,000
100c
S+750 bp
B••• G••••••••• I••••unstated lien unstated$750,000$807,000
100c
S+750 bp
B••• G••••••••• I•••unstated lien unstated$750,000$807,000
100c
S+750 bp
R•••• C•••••••• I••• 1•unstated lien unstated$748,000$791,000
100c
S+575 bp
R•••• C•••••••• I•••unstated lien unstated$748,000$791,000
100c
S+575 bp
R•••• C•••••••• I•••term loan lien unstated$748,000$791,000
100c
S+575 bp
T••• F••••••• I••• 2•unstated lien unstated$800,000$788,000
93c
11.00%
T••• F••••••• I•••term loan lien unstated$800,000$788,000
93c
11.00%
T••• F••••••• I•••unstated lien unstated$800,000$788,000
93c
11.00%
N•• G•••equity equityNot disclosed$769,000
111c
N•• G•••equity equityNot disclosed$769,000
111c
N•• G•••preferred equity equityNot disclosed$769,000
111c
S••••• I••• 2•unstated lien unstated$984,000$757,000
74c
S+550 bp
S••••• I•••unstated lien unstated$984,000$757,000
74c
S+550 bp
S••••• I•••term loan lien unstated$984,000$757,000
74c
S+550 bp
PIK 5.50%
A••• H•••••••• I•••warrants equityNot disclosed$750,000
208c
A••• H•••••••• I•••warrants equityNot disclosed$750,000
208c
A••• H•••••••warrants equityNot disclosed$750,000
208c
T••• F••••••• I•••term loan lien unstated$760,000$749,000
93c
11.00%
T••• F••••••• I••• 9•unstated lien unstated$760,000$749,000
93c
11.00%
T••• F••••••• I•••unstated lien unstated$760,000$749,000
93c
11.00%
S••••• I•••term loan lien unstated$903,000$695,000
75c
S+325 bp
PIK 3.25%
S••••• I•••unstated lien unstated$903,000$695,000
75c
S+325 bp
S••••• I••• 1•unstated lien unstated$903,000$695,000
75c
S+325 bp
T••••• M••••••• I•••term loan lien unstated$713,000$693,000
97c
S+242 bp
PIK 2.33%
T••••• M••••••• I•••unstated lien unstated$713,000$693,000
97c
S+242 bp
PIK 2.33%
M•••• H••••• I•••unstated lien unstated$713,000$693,000
97c
S+242 bp
PIK 2.33%
T••••• M••••••• I••• 2•unstated lien unstated$713,000$693,000
97c
S+242 bp
PIK 2.33%
F•• H••••• U• L•••••• 2•unstated lien unstated$700,000$691,000
100c
S+575 bp
F•• H••••• U• L••••••unstated lien unstated$700,000$691,000
100c
S+575 bp
F•• H••••• U• L••••••term loan lien unstated$700,000$691,000
100c
S+575 bp
F•••• B•••••• L•• 1•unstated lien unstated$700,000$680,000
94c
12.00%
F•••• B•••••• L••unstated lien unstated$700,000$680,000
94c
12.00%
F•••• B•••••• L••term loan lien unstated$700,000$680,000
94c
S+525 bp
P•••••••• I•••equity equityNot disclosed$669,000
105c
F•• H••••• U• L•••••• 1•unstated lien unstated$667,000$660,000
100c
S+575 bp
F•• H••••• U• L••••••unstated lien unstated$667,000$660,000
100c
S+575 bp
F•• H••••• U• L••••••term loan lien unstated$667,000$660,000
100c
S+575 bp
R••••••••• G•••warrants equityNot disclosed$649,000
97c
R••••••••• G•••preferred equity equityNot disclosed$649,000
97c
R••••••••• G•••warrants equityNot disclosed$649,000
97c
K•••• F•••••••• T••••••••• I•••••••••warrants equityNot disclosed$633,000
696c
K•••• F•••••••• T••••••••• I••••••••• 1•warrants equityNot disclosed$633,000
696c
K•••• F•••••••• T••••••••• I•••••••••preferred equity equityNot disclosed$633,000
696c
T••• F••••••• I••• 2•unstated lien unstated$720,000$620,000
84c
11.00%
T••• F••••••• I•••unstated lien unstated$720,000$620,000
84c
11.00%
T••• F••••••• I•••term loan lien unstated$720,000$620,000
84c
11.00%
T••• F••••••• I•••unstated lien unstated$720,000$620,000
84c
11.00%
Q•••• C••••••• L•••term loan lien unstated$808,000$617,000
91c
S+600 bp
PIK 6.00%
Q•••• C••••••• L••• 1•unstated lien unstated$808,000$617,000
91c
PIK 6.00%
Q•••• C••••••• L•••unstated lien unstated$808,000$617,000
91c
PIK 6.00%
S••••• I•••unstated lien unstated$795,000$612,000
74c
S+550 bp
S••••• I••• 6•unstated lien unstated$795,000$612,000
74c
S+550 bp
S••••• I•••term loan lien unstated$795,000$612,000
74c
S+550 bp
PIK 5.50%
T••• P••••••• L••••••equity equityNot disclosed$599,000
116c
T••• H••••••• L••••••preferred equity equityNot disclosed$599,000
116c
T••• P••••••• L••••••equity equityNot disclosed$599,000
116c
Q•••• C••••••• L•• 1•equity equityNot disclosed$587,000
96c
Q•••• C••••••• L•••preferred equity equityNot disclosed$587,000
96c
Q•••• C••••••• L••••equity equityNot disclosed$587,000
96c
F••••••••• I•••preferred equity equityNot disclosed$584,000
162c
F••••••••• I••• 1•warrants equityNot disclosed$584,000
162c
F••••••••• I••• 1•warrants equityNot disclosed$584,000
162c
W•••••••• F•••••• L•••••••• L••••••revolver lien unstated$540,000$550,000
102c
S+475 bp
W•••••••• F•••••• L•••••••• L••••••unstated lien unstated$540,000$550,000
102c
S+475 bp
W•••••••• F•••••• L•••••••• L•••••• 1•unstated lien unstated$540,000$550,000
102c
S+475 bp
Page 4 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.