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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 Mar 31, 2025
494 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
F•••• B•••••• L••term loan lien unstated$57,000$56,000
93c
12.00%
E•••••• I•••equity equityNot disclosed$55,000
100c
F••• L••••••• 2•warrants equityNot disclosed$54,000
164c
H•••• I•••warrants equityNot disclosed$54,000
100c
E••••••• G•••equity equityNot disclosed$54,000
104c
M••••• I••• 3•equity equityNot disclosed$53,000
85c
N•••••• I•••warrants equityNot disclosed$51,000
50c
M••••• I••• 1•equity equityNot disclosed$51,000
165c
J••• S•••••••• 2•warrants equityNot disclosed$51,000
53c
F••••••••• I••• 2•warrants equityNot disclosed$51,000
100c
P••••••• L•••• I•••warrants equityNot disclosed$51,000
100c
K•••••• I•••equity equityNot disclosed$50,000
100c
Q•••••• C•••••••• I•••equity equityNot disclosed$50,000
100c
T••••••••• A••••••••• I•••warrants equityNot disclosed$49,000
79c
C••••••• V••••••• I••• 1•warrants equityNot disclosed$49,000
117c
L••••• P•••••••• I•••warrants equityNot disclosed$47,000
62c
A•• H••••••• I•••equity equityNot disclosed$47,000
94c
A••••••••• I••• 4•warrants equityNot disclosed$47,000
294c
O•••••••• I••• 1•warrants equityNot disclosed$46,000
329c
F•••• L•••• I•••warrants equityNot disclosed$45,000
69c
S••••• I•••term loan lien unstated$794,000$45,000
5c
S+475 bp
E•••• F•••••• G••••• I•••warrants equityNot disclosed$45,000
100c
D•••••• H•••••••• I•••warrants equityNot disclosed$43,000
98c
M••••••••• T••••••••• I•••warrants equityNot disclosed$42,000
1400c
S•••••• H•••••• I•••warrants equityNot disclosed$41,000
121c
Q•••••• C•••••••• I•••warrants equityNot disclosed$41,000
102c
P••• R•••••••• I••• 2•warrants equityNot disclosed$38,000
100c
F••• L••••••• 1•warrants equityNot disclosed$38,000
63c
P••••• A• F•••• G••• 2•warrants equityNot disclosed$37,000
100c
A•••• G••••• I••• 2•warrants equityNot disclosed$36,000
100c
P•••••• I•••warrants equityNot disclosed$36,000
277c
W•••••••• I•••warrants equityNot disclosed$36,000
43c
S•••••• I••• 1•warrants equityNot disclosed$34,000
110c
F•••••••• I•••warrants equityNot disclosed$33,000
100c
H•••••••• I•••warrants equityNot disclosed$31,000
1550c
W••••••• I•••warrants equityNot disclosed$31,000
258c
E•••••••• S••••••••• I•••term loan lien unstated$107,000$31,000
29c
S+650 bp
PIK 6.50%
V••••••• H•••••• I••warrants equityNot disclosed$30,000
56c
H•••• E••••• I•••warrants equityNot disclosed$30,000
57c
U••••••• T••••••••• I•••warrants equityNot disclosed$29,000
290c
A•••••• P••••• I••• 2•warrants equityNot disclosed$29,000
25c
B••••• H•••• I•••equity equityNot disclosed$29,000
100c
A•••• T••••••••• I•••warrants equityNot disclosed$29,000
58c
D•••• G•••term loan lien unstated$69,000$28,000
42c
P••••• A• F•••• G••• 1•warrants equityNot disclosed$28,000
93c
M••• S•••• I•••warrants equityNot disclosed$28,000
100c
A•••• H•••••• I•••warrants equityNot disclosed$27,000
93c
W•••••••• F•••••• L•••••••• L•••••• 1•warrants equityNot disclosed$27,000
108c
R•••• C•••••••• I••• 4•warrants equityNot disclosed$26,000
100c
C•••••••• I•••warrants equityNot disclosed$25,000
58c
M••equity equityNot disclosed$25,000
100c
E•••••• M••••••• I•••warrants equityNot disclosed$25,000
100c
E••••••• G•••warrants equityNot disclosed$24,000
100c
P•••••••• I••• H••••••equity equityNot disclosed$24,000
100c
P••••••• E••••••••• I•••warrants equityNot disclosed$23,000
100c
F•• H••••• U• L••••••warrants equityNot disclosed$22,000
220c
I••••••• A••••••• I••• ••••• T••••• E• M••••••• I••••unstated lien unstatedNot disclosed$22,000
58c
A•••• T••••••••• I•••warrants equityNot disclosed$21,000
88c
H•••••• I•••unstated lien unstatedNot disclosed$20,000
34c
C••••••••• F•••••• C••••••••• 1•warrants equityNot disclosed$20,000
143c
C•••••••• I•••warrants equityNot disclosed$20,000
95c
F•••• B•••••• L•• 1•warrants equityNot disclosed$19,000
13c
R•••• C•••••••• I••• 3•warrants equityNot disclosed$19,000
271c
F•••• B•••••• L••equity equityNot disclosed$18,000
20c
F•••• B•••••• L•• 2•warrants equityNot disclosed$17,000
9c
H•••• I••• 2•warrants equityNot disclosed$17,000
94c
O•••••••• I••• 2•warrants equityNot disclosed$17,000
100c
E•••••••• S••••••••• I•••term loan lien unstated$59,000$16,000
28c
S+650 bp
PIK 6.50%
E•••••• I•••warrants equityNot disclosed$16,000
89c
B••••• H•••• I•••warrants equityNot disclosed$15,000
250c
E••••• M•••• T••••••••• I•••term loan lien unstated$75,000$15,000
20c
S+575 bp
PIK 5.75%
M•• I••••••••• L•••equity equityNot disclosed$14,000
70c
K•••• F•••••••• T••••••••• I••••••••• 2•warrants equityNot disclosed$13,000
72c
S•••••• I••• 2•warrants equityNot disclosed$13,000
52c
D•••• H•••• I••• 1•equity equityNot disclosed$13,000
14c
C•••••••• I••• 2•warrants equityNot disclosed$12,000
200c
D••••••• I•••warrants equityNot disclosed$12,000
24c
C••••• I••••••••• I•••warrants equityNot disclosed$11,000
275c
R••••••••• I••• ••••• M••• M••••••••• I•••• 2•warrants equityNot disclosed$11,000
1100c
A••warrants equityNot disclosed$10,000
56c
B••• G••••••••• I•••warrants equityNot disclosed$10,000
100c
P••• E••••••• I•••equity equityNot disclosed$10,000
100c
T••••••••• I•••warrants equityNot disclosed$10,000
100c
W•••••••• F•••••• L•••••••• L•••••• 2•warrants equityNot disclosed$10,000
111c
W••• D••• I••• 2•warrants equityNot disclosed$9,000
100c
T••••••• G•••warrants equityNot disclosed$9,000
100c
E•••••••• S••••••••• I•••term loan lien unstated$44,000$9,000
20c
S+650 bp
PIK 6.50%
Z•••• I••••••••• I•••warrants equityNot disclosed$9,000
100c
F•••••••• I•••warrants equityNot disclosed$9,000
75c
R•••• C•••••••• I••• 2•warrants equityNot disclosed$9,000
225c
P••••• G•••• I••• 1•warrants equityNot disclosed$9,000
53c
E•••••••• S••••••••• I•••term loan lien unstated$33,000$8,000
26c
S+650 bp
PIK 6.50%
E••••• M•••• T••••••••• I•••term loan lien unstated$50,000$8,000
16c
S+575 bp
PIK 5.75%
R•••• N••••••• I•••revolver lien unstated$42,000$8,000
19c
S+575 bp
PIK 5.75%
C•••••• C•••••••••warrants equityNot disclosed$8,000
7c
T••••••••• I•••warrants equityNot disclosed$7,000
100c
I••••• I••• 2•warrants equityNot disclosed$7,000
54c
C•••••••• I•••warrants equityNot disclosed$7,000
37c
W•••••••• F•••••• L•••••••• L•••••• 3•warrants equityNot disclosed$7,000
100c
H••••••••• I•••warrants equityNot disclosed$7,000
88c
Page 4 of 5PreviousNext
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.