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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
H•••• T••••••••• I••• 1•equity equityNot disclosed$228,000
115c
P••••• A• F•••• G•••preferred equity equityNot disclosed$219,000
88c
P••••• A• F••• G•••equity equityNot disclosed$219,000
88c
P••••• A• F•••• G•••equity equityNot disclosed$219,000
88c
T••• F••••••• I•••unstated lien unstated$220,000$218,000
93c
11.00%
T••• F••••••• I•••term loan lien unstated$220,000$218,000
93c
11.00%
T••• F••••••• I••• 3•unstated lien unstated$220,000$218,000
93c
11.00%
L••••• H••••• I•••preferred equity equityNot disclosed$216,000
584c
L••••• H••••• I••••warrants equityNot disclosed$216,000
584c
L••••• H••••• I•••warrants equityNot disclosed$216,000
584c
T••• F••••••• I••• 1•unstated lien unstated$216,000$212,000
93c
11.00%
T••• F••••••• I•••unstated lien unstated$216,000$212,000
93c
11.00%
T••• F••••••• I•••term loan lien unstated$216,000$212,000
93c
11.00%
P••••• A• F•••• G•••unstated lien unstated$207,000$211,000
100c
S+775 bp
P••••• A• F•••• G••• 2•unstated lien unstated$207,000$211,000
100c
S+775 bp
P••••• A• F•••• G•••term loan lien unstated$207,000$211,000
100c
S+775 bp
T••• F••••••• I•••unstated lien unstated$208,000$206,000
92c
11.00%
T••• F••••••• I••• 6•unstated lien unstated$208,000$206,000
92c
11.00%
T••• F••••••• I•••term loan lien unstated$208,000$206,000
92c
11.00%
T••• F••••••• I••• 2•unstated lien unstated$240,000$205,000
84c
11.00%
T••• F••••••• I•••unstated lien unstated$240,000$205,000
84c
11.00%
T••• F••••••• I•••term loan lien unstated$240,000$205,000
84c
11.00%
J••• S••••••• 1•equity equityNot disclosed$202,000
54c
J••• S••••••• 1•equity equityNot disclosed$202,000
54c
J••• S•••••••preferred equity equityNot disclosed$202,000
54c
T••••••• I•••preferred equity equityNot disclosed$199,000
173c
T••••••• I•••warrants equityNot disclosed$199,000
173c
T••••••• I•••warrants equityNot disclosed$199,000
173c
F•••••••• I•••preferred equity equityNot disclosed$195,000
136c
F•••••••• I•••equity equityNot disclosed$195,000
136c
F•••••••• I•••equity equityNot disclosed$195,000
136c
T••• F••••••• I•••term loan lien unstated$200,000$193,000
93c
11.00%
T••• F••••••• I••• 1•unstated lien unstated$200,000$193,000
93c
11.00%
T••• F••••••• I•••unstated lien unstated$200,000$193,000
93c
11.00%
H•••• T••••••••• I•••warrants equityNot disclosed$192,000
384c
H•••• T••••••••• I••••warrants equityNot disclosed$192,000
384c
H•••• T••••••••• I•••preferred equity equityNot disclosed$192,000
384c
A••••••••• I•••preferred equity equityNot disclosed$191,000
191c
A••••••••• I•••equity equityNot disclosed$191,000
191c
A••••••••• I•••equity equityNot disclosed$191,000
191c
H•••• G•••equity equityNot disclosed$190,000
43c
H•••• G•••preferred equity equityNot disclosed$190,000
43c
H•••• G•••equity equityNot disclosed$190,000
43c
F••••••••• I•• 1• •warrants equityNot disclosed$188,000
163c
F••••••••• I••• 1•warrants equityNot disclosed$188,000
163c
F••••••••• I•••preferred equity equityNot disclosed$188,000
163c
L••••• H••••• I•••equity equityNot disclosed$187,000
100c
L••••• H••••• I•••preferred equity equityNot disclosed$187,000
100c
D•••• G•••unstated lien unstated$529,000$187,000
37c
D•••• G•••term loan lien unstated$529,000$187,000
37c
D•••• G••• 4•unstated lien unstated$529,000$187,000
37c
L••••• H••••• I•••equity equityNot disclosed$187,000
100c
S•••••••• I•••preferred equity equityNot disclosed$187,000
890c
S•••••••• I•••warrants equityNot disclosed$187,000
890c
S•••••••• I•••warrants equityNot disclosed$187,000
890c
C•••••••• I•••warrants equityNot disclosed$184,000
155c
C•••••••• I••• 1•warrants equityNot disclosed$184,000
155c
C•••••••• I••• 1•warrants equityNot disclosed$184,000
155c
C•••••••• I•••warrants equityNot disclosed$180,000
100c
C•••••••• I•••preferred equity equityNot disclosed$180,000
100c
C•••••••• I••••warrants equityNot disclosed$180,000
100c
M••••••• T••••••••• C••••••••• 1•equity equityNot disclosed$179,000
69c
M••••••• T••••••••• C•••••••••preferred equity equityNot disclosed$179,000
69c
F•••• B•••••• L•• 1•unstated lien unstated$180,000$179,000
100c
S+525 bp
F•••• B•••••• L••term loan lien unstated$180,000$179,000
100c
S+525 bp
M••••••• T••••••••• C••••••••• 1•equity equityNot disclosed$179,000
69c
F•••• B•••••• L••unstated lien unstated$180,000$179,000
100c
S+525 bp
F•• H••••• U• L••••••unstated lien unstated$173,000$178,000
100c
S+575 bp
F•• H••••• U• L••••••term loan lien unstated$173,000$178,000
100c
S+575 bp
F•• H••••• U• L•••••• 4•unstated lien unstated$173,000$178,000
100c
S+575 bp
F•••• B•••••• L•• 1•unstated lien unstated$184,000$177,000
95c
12.00%
F•••• B•••••• L••unstated lien unstated$184,000$177,000
95c
12.00%
F•••• B•••••• L••term loan lien unstated$184,000$177,000
95c
S+525 bp
P••••• A• F•••• G•••unstated lien unstated$172,000$174,000
100c
S+775 bp
P••••• A• F•••• G••• 3•unstated lien unstated$172,000$174,000
100c
S+775 bp
P••••• A• F•••• G•••term loan lien unstated$172,000$174,000
100c
S+775 bp
A•••• G••••• I••• 1•warrants equityNot disclosed$173,000
131c
A•••• G••••• I••• 1•warrants equityNot disclosed$173,000
131c
A•••• G••••• I•••preferred equity equityNot disclosed$173,000
131c
T••• F••••••• I•••term loan lien unstated$170,000$168,000
93c
11.00%
T••• F••••••• I••• 1•unstated lien unstated$170,000$168,000
93c
11.00%
T••• F••••••• I•••unstated lien unstated$170,000$168,000
93c
11.00%
E•••••••• S••••••••• I••••unstated lien unstated$322,000$162,000
50c
S+650 bp
E•••••••• S••••••••• I•••term loan lien unstated$322,000$162,000
51c
S+650 bp
PIK 6.50%
E•••••••• S••••••••• I•••unstated lien unstated$322,000$162,000
50c
S+650 bp
PIK 6.50%
E•••••••• S••••••••• I•••unstated lien unstated$322,000$162,000
51c
S+650 bp
PIK 6.50%
E•••••••• S••••••••• I•••term loan lien unstated$322,000$162,000
50c
S+650 bp
PIK 6.50%
E•••••••• S••••••••• I••• 1•unstated lien unstated$322,000$162,000
50c
S+650 bp
PIK 6.50%
E•••••••• S••••••••• I••• 4•unstated lien unstated$322,000$162,000
51c
S+650 bp
PIK 6.50%
F••••••••• I•••warrants equityNot disclosed$160,000
82c
A••••••••• I•••preferred equity equityNot disclosed$160,000
200c
F••••••••• I••• 2•warrants equityNot disclosed$160,000
82c
F••••••••• I••• 2•warrants equityNot disclosed$160,000
82c
A••••••••• I••• 3•warrants equityNot disclosed$160,000
200c
A••••••••• I••• 3•warrants equityNot disclosed$160,000
200c
P••••••• E••••••••• I•••revolver lien unstated$160,000$159,000
100c
S+100 bp
P••••••• E••••••••• I•••unstated lien unstated$160,000$159,000
100c
S+100 bp
P••••••• E••••••••• I••• 2•unstated lien unstated$160,000$159,000
100c
S+100 bp
F•••• L•••• I•••preferred equity equityNot disclosed$151,000
60c
F•••• L•••equity equityNot disclosed$151,000
60c
Page 7 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.