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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
F••••• I•••term loan lien unstated$556,000$547,000
100c
S+400 bp
F••••• I•••unstated lien unstated$556,000$547,000
100c
S+400 bp
F••••• I••• 2•unstated lien unstated$556,000$547,000
100c
S+400 bp
R•••• N••••••• I•••revolver lien unstated$2.4M$546,000
22c
S+575 bp
PIK 5.75%
R•••• N••••••• I•••revolver lien unstated$2.4M$546,000
22c
S+575 bp
PIK 5.75%
R•••• N••••••• I••• 1•revolver lien unstated$2.4M$546,000
22c
S+575 bp
PIK 5.75%
A••••••• S•••• T••••••••• C••••preferred equity equityNot disclosed$543,000
572c
A••••••• S•••• T••••••••• C••••warrants equityNot disclosed$543,000
572c
A••••••• S•••• T••••••••• C••••warrants equityNot disclosed$543,000
572c
P••••• G•••• I•••term loan lien unstated$550,000$542,000
100c
S+350 bp
P••••• G•••• I•••unstated lien unstated$550,000$542,000
100c
S+350 bp
P••••• G•••• I•••unstated lien unstated$550,000$542,000
100c
S+350 bp
P••••• G•••• I•••unstated lien unstated$550,000$542,000
100c
S+350 bp
A••••••••• I••• 1•warrants equityNot disclosed$531,000
393c
A••••••••• I•••preferred equity equityNot disclosed$531,000
393c
A••••••••• I••• 1•warrants equityNot disclosed$531,000
393c
N•••••• O•• W•••• A•unstated lien unstated$635,000$530,000
89c
S+825 bp
PIK 8.25%
N•••••• O•• W•••• A• 1•unstated lien unstated$635,000$530,000
89c
S+825 bp
PIK 8.25%
N•••••• O•• W•••• A•term loan lien unstated$635,000$530,000
89c
S+825 bp
PIK 8.25%
J•••• S•••••••• I•••unstated lien unstated$500,000$525,000
99c
10.00%
J•••• S•••••••• I••• 1•unstated lien unstated$500,000$525,000
99c
10.00%
J•••• S•••••••• I•••term loan lien unstated$500,000$525,000
99c
10.00%
D•••• R•• O••• I••••unstated lien unstated$450,000$520,000
100c
S+500 bp
D•••• R•• O••• I•••term loan lien unstated$450,000$520,000
100c
S+500 bp
D•••• R•• O••• I•••unstated lien unstated$450,000$520,000
100c
S+500 bp
D•••• R•• O••• I••• 2•unstated lien unstated$450,000$520,000
100c
S+500 bp
J•••• S•••••••• I••• 2•unstated lien unstated$500,000$518,000
101c
13.75%
J•••• S•••••••• I•••term loan lien unstated$500,000$518,000
101c
13.75%
J•••• S•••••••• I•••unstated lien unstated$500,000$518,000
101c
13.75%
A•••• H•••••• I•••unstated lien unstated$500,000$515,000
100c
S+800 bp
A•••• H•••••• I•••term loan lien unstated$500,000$515,000
100c
S+800 bp
A•••• H•••••• I••• 1•unstated lien unstated$500,000$515,000
100c
S+800 bp
T••• F••••••• I••• 2•unstated lien unstated$565,000$513,000
88c
11.00%
T••• F••••••• I•••unstated lien unstated$565,000$513,000
88c
11.00%
T••• F••••••• I•••term loan lien unstated$565,000$513,000
88c
11.00%
O••••••• H•••••• I••• 2•warrants equityNot disclosed$511,000
2044c
O••••••• H•••••• I••• 2•warrants equityNot disclosed$511,000
2044c
O••••••• H•••••• I•••preferred equity equityNot disclosed$511,000
2044c
A•••• H•••••• I•••unstated lien unstated$500,000$510,000
100c
S+800 bp
A•••• H•••••• I••• 2•unstated lien unstated$500,000$510,000
100c
S+800 bp
A•••• H•••••• I•••term loan lien unstated$500,000$510,000
100c
S+800 bp
E••••••••• I•••equity equityNot disclosed$500,000
100c
F•• H•••••• I•••equity equityNot disclosed$500,000
100c
T••• S•••••• I•••preferred equity equityNot disclosed$500,000
100c
E••••••••• I•••preferred equity equityNot disclosed$500,000
100c
F•• H•••••• I•••preferred equity equityNot disclosed$500,000
100c
T••• S•••••• I•••equity equityNot disclosed$500,000
100c
E••••••••• I•••equity equityNot disclosed$500,000
100c
T••• S•••••• I•••equity equityNot disclosed$500,000
100c
F•• H•••••• I•••equity equityNot disclosed$500,000
100c
H••••••••• I••unstated lien unstated$500,000$495,000
100c
17.25%
H••••••••• I•••term loan lien unstated$500,000$495,000
100c
S+650 bp
H••••••••• I••••unstated lien unstated$500,000$495,000
100c
17.25%
H••••••••• I••••unstated lien unstated$500,000$495,000
100c
17.25%
F••••• I•••unstated lien unstated$500,000$490,000
100c
S+400 bp
F••••• I•••term loan lien unstated$500,000$490,000
100c
S+400 bp
F••••• I••• 3•unstated lien unstated$500,000$490,000
100c
S+400 bp
P••••• A• F•••• G•••term loan lien unstated$459,000$480,000
100c
S+775 bp
P••••• A• F•••• G•••unstated lien unstated$459,000$480,000
100c
S+775 bp
P••••• A• F•••• G••• 1•unstated lien unstated$459,000$480,000
100c
S+775 bp
P•••• B•••••• I••••warrants equityNot disclosed$479,000
154c
P•••• B•••••• I•••warrants equityNot disclosed$479,000
154c
P•••• B•••••• I•••warrants equityNot disclosed$479,000
154c
P••••• A• F•••• G•••unstated lien unstated$515,000$475,000
94c
13.50%
P••••• A• F•••• G••• 4•unstated lien unstated$515,000$475,000
94c
13.50%
P••••• A• F•••• G•••term loan lien unstated$515,000$475,000
94c
S+1350 bp
T•• B•••• T•• H•••••••• I•••warrants equityNot disclosed$469,000
337c
T•• B•••• T••• I••••warrants equityNot disclosed$469,000
337c
T•• B•••• T•• H•••••••• I•••preferred equity equityNot disclosed$460,000
331c
S•••••• I•••unstated lien unstated$455,000$453,000
100c
S+150 bp
S••••••• I•••unstated lien unstated$455,000$453,000
100c
S+150 bp
S•••••• I••• 2•unstated lien unstated$455,000$453,000
100c
S+150 bp
S••••••• I•••term loan lien unstated$455,000$453,000
100c
S+150 bp
F•• H••••• U• L••••••term loan lien unstated$460,000$452,000
100c
S+575 bp
F•• H••••• U• L•••••• 3•unstated lien unstated$460,000$452,000
100c
S+575 bp
F•• H••••• U• L••••••unstated lien unstated$460,000$452,000
100c
S+575 bp
S•••••• I••• 2•equity equityNot disclosed$450,000
100c
S•••••• I••• 2•equity equityNot disclosed$450,000
100c
S•••••• I•••preferred equity equityNot disclosed$450,000
100c
T••• F••••••• I•••term loan lien unstated$440,000$437,000
93c
11.00%
T••• F••••••• I••• 5•unstated lien unstated$440,000$437,000
93c
11.00%
T••• F••••••• I•••unstated lien unstated$440,000$437,000
93c
11.00%
M••••• I•••preferred equity equityNot disclosed$412,000
70c
M••••• I••••warrants equityNot disclosed$412,000
70c
M••••• I•••warrants equityNot disclosed$412,000
70c
P••••• A• F•••• G•••term loan lien unstated$425,000$392,000
94c
S+1450 bp
P••••• A• F•••• G••• 5•unstated lien unstated$425,000$392,000
94c
14.50%
P••••• A• F•••• G•••unstated lien unstated$425,000$392,000
94c
14.50%
T••• F••••••• I•••unstated lien unstated$434,000$373,000
84c
11.00%
T••• F••••••• I••• 2•unstated lien unstated$434,000$373,000
84c
11.00%
T••• F••••••• I•••term loan lien unstated$434,000$373,000
84c
11.00%
F•••••••• I•••warrants equityNot disclosed$353,000
2353c
F•••••••• I•••preferred equity equityNot disclosed$353,000
2353c
F•••••••• I•••warrants equityNot disclosed$353,000
2353c
O•••••••• I••• 2•term loan lien unstated$334,000$337,000
100c
S+475 bp
O•••••••• I•••term loan lien unstated$334,000$337,000
100c
S+475 bp
O•••••••• I•••term loan lien unstated$334,000$337,000
100c
S+475 bp
E•••••••• A• I•••warrants equityNot disclosed$336,000
181c
E••••• M•••• T••••••••• I•••unstated lien unstated$1.0M$336,000
34c
S+625 bp
PIK 6.25%
E••••• M•••• T••••••••• I•••term loan lien unstated$1.0M$336,000
34c
S+625 bp
PIK 6.25%
Page 5 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.