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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•••• L•••• I•••equity equityNot disclosed$151,000
60c
T••• F••••••• I•••unstated lien unstated$150,000$150,000
93c
11.00%
T••• F••••••• I••• 7•unstated lien unstated$150,000$150,000
93c
11.00%
T••• F••••••• I•••term loan lien unstated$150,000$150,000
93c
11.00%
K••• L•••••• I•••equity equityNot disclosed$150,000
100c
K••• L•••••• I•••equity equityNot disclosed$150,000
100c
K••• L•••••• I•••preferred equity equityNot disclosed$150,000
100c
F••••••••• I•••preferred equity equityNot disclosed$146,000
162c
F••••••••• I••• 2•warrants equityNot disclosed$146,000
162c
F••••••••• I••• 2•warrants equityNot disclosed$146,000
162c
M• M•••• L••••••unstated lien unstated$555,000$144,000
30c
M• M•••• L•••••• 3•unstated lien unstated$555,000$144,000
30c
M• M•••• L••••••term loan lien unstated$555,000$144,000
30c
F•••• B•••••• L••unstated lien unstated$147,000$143,000
100c
S+525 bp
F•••• B•••••• L•• 2•unstated lien unstated$147,000$143,000
100c
S+525 bp
F•••• B•••••• L••term loan lien unstated$147,000$143,000
100c
S+525 bp
O••••••• S•••••• I•••equity equityNot disclosed$143,000
95c
O••••••• S•••••• I•••preferred equity equityNot disclosed$143,000
95c
O••••••• S•••••• I•••equity equityNot disclosed$143,000
95c
R•••••• L•••• I•••warrants equityNot disclosed$140,000
115c
R•••••• L•••• I•••warrants equityNot disclosed$140,000
115c
R•••••• L•••• I•••preferred equity equityNot disclosed$140,000
115c
T••• F••••••• I•••unstated lien unstated$150,000$137,000
88c
11.00%
T••• F••••••• I••• 1•unstated lien unstated$150,000$137,000
88c
11.00%
T••• F••••••• I•••term loan lien unstated$150,000$137,000
88c
11.00%
C••••••• V••••••• I••••equity equityNot disclosed$136,000
68c
C••••••• V••••••• I•••equity equityNot disclosed$136,000
68c
C••••••• V••••••• I•••preferred equity equityNot disclosed$136,000
68c
M•••••• I•••warrants equityNot disclosed$135,000
45c
M•••••• I•••preferred equity equityNot disclosed$135,000
45c
M•••••• I•••warrants equityNot disclosed$135,000
45c
G••••• C•••• 1•equity equityNot disclosed$131,000
160c
O••• C•••• ••••• G••••• C•••••preferred equity equityNot disclosed$131,000
160c
G••••• C•••• 1•equity equityNot disclosed$131,000
160c
M••••••• T••••••••• C•••••••••preferred equity equityNot disclosed$130,000
69c
M••••••• T••••••••• C••••••••• 2•equity equityNot disclosed$130,000
69c
M••••••• T••••••••• C••••••••• 2•equity equityNot disclosed$130,000
69c
J••• S•••••••preferred equity equityNot disclosed$127,000
24c
J••• S••••••••warrants equityNot disclosed$127,000
24c
J••• S••••••• 1•warrants equityNot disclosed$127,000
24c
N•• G•••warrants equityNot disclosed$121,000
70c
N•• G•••preferred equity equityNot disclosed$121,000
70c
N•• G•••warrants equityNot disclosed$121,000
70c
R••••••••• I••• ••••• M••• M••••••••• I••••preferred equity equityNot disclosed$120,000
1091c
M••• M••••••••• I••• 3•warrants equityNot disclosed$120,000
1091c
M••• M••••••••• I••• 3•warrants equityNot disclosed$120,000
1091c
T••• F••••••• I•••unstated lien unstated$116,000$115,000
93c
11.00%
T••• F••••••• I••• 1•unstated lien unstated$116,000$115,000
93c
11.00%
T••• F••••••• I•••term loan lien unstated$116,000$115,000
93c
11.00%
P•••••• 1•••• I•••unstated lien unstated$350,000$110,000
31c
S+575 bp
P•••••• 1•••• I•••unstated lien unstated$350,000$110,000
31c
S+575 bp
P•••••• 1•••• I•••revolver lien unstated$350,000$110,000
31c
S+575 bp
S•••• N••••••••• I•••preferred equity equityNot disclosed$109,000
279c
U••••••• I•••preferred equity equityNot disclosed$109,000
248c
S•••• N••••••••• I•••warrants equityNot disclosed$109,000
279c
S•••• N••••••••• I•••warrants equityNot disclosed$109,000
279c
U••••••• I•••warrants equityNot disclosed$109,000
248c
E•••••••• S••••••••• I•••unstated lien unstated$215,000$108,000
51c
S+650 bp
PIK 6.50%
E•••••••• S••••••••• I••• 3•unstated lien unstated$215,000$108,000
51c
S+650 bp
PIK 6.50%
E•••••••• S••••••••• I•••term loan lien unstated$215,000$108,000
51c
S+650 bp
PIK 6.50%
E•••••••• S••••••••• I••unstated lien unstated$215,000$108,000
51c
S+650 bp
M••• M••••••••• I••• 1•warrants equityNot disclosed$107,000
129c
B••• T••••••••• I•••warrants equityNot disclosed$107,000
188c
B••• T••••••••• I•••warrants equityNot disclosed$107,000
188c
R••••••••• I••• ••••• M••• M••••••••• I••••preferred equity equityNot disclosed$107,000
129c
M••• M••••••••• I••• 1•warrants equityNot disclosed$107,000
129c
B••• T••••••••• I•••preferred equity equityNot disclosed$107,000
188c
A•••••• P••••• I•••preferred equity equityNot disclosed$105,000
63c
T••• F••••••• I••• 4•unstated lien unstated$105,000$105,000
93c
11.00%
T••• F••••••• I•••unstated lien unstated$105,000$105,000
93c
11.00%
T••• F••••••• I•••term loan lien unstated$105,000$105,000
93c
11.00%
A•••••• P••••• I•••equity equityNot disclosed$105,000
63c
A•••••• P••••• I•••equity equityNot disclosed$105,000
63c
O••• C•••• ••••• G••••• C•••••preferred equity equityNot disclosed$104,000
160c
G••••• C•••• 2•warrants equityNot disclosed$104,000
160c
O••• C•••• ••••• G••••• C••••• 2•warrants equityNot disclosed$104,000
160c
Q•••• C••••••• L•••term loan lien unstated$135,000$103,000
91c
S+600 bp
PIK 6.00%
F•••• B•••••• L•• 1•unstated lien unstated$104,000$103,000
100c
S+525 bp
F•••• B•••••• L••unstated lien unstated$104,000$103,000
100c
S+525 bp
Q•••• C••••••• L••• 2•unstated lien unstated$135,000$103,000
91c
PIK 6.00%
Q•••• C••••••• L•••unstated lien unstated$135,000$103,000
91c
PIK 6.00%
F•••• B•••••• L••term loan lien unstated$104,000$103,000
100c
S+525 bp
O••• C•••• ••••• G••••• C•••••preferred equity equityNot disclosed$101,000
128c
G••••• C•••• 2•equity equityNot disclosed$101,000
128c
G••••• C•••• 2•equity equityNot disclosed$101,000
128c
D•••• G••••unstated lien unstated$268,000$100,000
38c
D•••• G••• 2•unstated lien unstated$268,000$100,000
38c
R••••••• H••••• I•••equity equityNot disclosed$100,000
100c
T••• F••••••• I•••warrants equityNot disclosed$100,000
82c
R••••••• H••••• I•••equity equityNot disclosed$100,000
100c
T••• F••••••• I•••warrants equityNot disclosed$100,000
82c
D•••• G•••term loan lien unstated$268,000$100,000
38c
D•••• G•••unstated lien unstated$268,000$100,000
38c
T••• F••••••• I•••preferred equity equityNot disclosed$100,000
82c
R••••••• H••••• I•••preferred equity equityNot disclosed$100,000
100c
C••••••• V••••••• I••• 2•warrants equityNot disclosed$97,000
114c
C••••••• V••••••• I••• 2•warrants equityNot disclosed$97,000
114c
T••• F••••••• I•••unstated lien unstated$100,000$97,000
92c
11.00%
T••• F••••••• I••• 1•unstated lien unstated$100,000$97,000
92c
11.00%
C••••••• V••••••• I•••preferred equity equityNot disclosed$97,000
114c
Page 8 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.