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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, 2026
501 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
P••••••• E••••••••• I•••term loan lien unstated$757,000$758,000
100c
S+175 bp
A••••••••• I•••preferred equity equityNot disclosed$743,000
576c
S•••••• V•• I•••term loan lien unstated$721,000$714,000
100c
S+350 bp
H•••• G••• ••••• C••••• L••••• I••••term loan lien unstated$2.5M$690,000
26c
S+650 bp
F•••••••• I•••preferred equity equityNot disclosed$687,000
4580c
S••••• I•••term loan lien unstated$2.1M$684,000
39c
PIK 15.00%
S••••• I•••term loan lien unstated$2.1M$684,000
39c
PIK 15.00%
M••••• A• G•••preferred equity equityNot disclosed$682,000
98c
M••• S••••• I•••term loan lien unstated$663,000$662,000
100c
T••• H••••••• L••••••preferred equity equityNot disclosed$632,000
123c
Q•••• C••••••• L•••term loan lien unstated$872,000$622,000
79c
PIK 6.00%
P•••• B•••••• I•••warrants equityNot disclosed$608,000
195c
Q•••• C••••••• L•••preferred equity equityNot disclosed$601,000
98c
T••• F••••••• I•••warrants equityNot disclosed$579,000
475c
S••••• I•••term loan lien unstated$1.8M$570,000
39c
PIK 15.00%
F••••• I•••term loan lien unstated$556,000$555,000
100c
S+400 bp
P••••• A• F•••• G•••term loan lien unstated$515,000$546,000
104c
S+1350 bp
F••••••••• I•••preferred equity equityNot disclosed$539,000
150c
F•• H•••••• I•••preferred equity equityNot disclosed$500,000
100c
T••• S•••••• I•••preferred equity equityNot disclosed$500,000
100c
F••••• I•••term loan lien unstated$500,000$498,000
100c
S+400 bp
H•••• I•••term loan lien unstated$500,000$498,000
100c
S+300 bp
H•••• I•••term loan lien unstated$500,000$494,000
100c
S+300 bp
T••••••••• I•••term loan lien unstated$478,000$474,000
100c
S+225 bp
T•• B•••• T•• H•••••••• I•••preferred equity equityNot disclosed$450,000
324c
P••••• A• F•••• G•••term loan lien unstated$425,000$450,000
104c
S+1450 bp
M• M•••• L••••••notes lien unstated$1.7M$445,000
41c
S•••••• I•••term loan lien unstated$455,000$442,000
96c
S+150 bp
O••••••• H•••••• I•••term loan lien unstated$276,000$426,000
100c
S+350 bp
S••••• I•••term loan lien unstated$1.3M$424,000
39c
PIK 15.00%
M••••• I•••preferred equity equityNot disclosed$412,000
70c
P••• T•••• P••term loan lien unstated$400,000$400,000
100c
S+100 bp
A•••••• A•• I•••preferred equity equityNot disclosed$400,000
100c
H•••• I•••term loan lien unstated$400,000$390,000
100c
S+300 bp
S••••• I•••term loan lien unstated$1.2M$379,000
40c
PIK 15.00%
V•••• A•••••• I•••equity equityNot disclosed$370,000
100c
H•••••• C•••••••••preferred equity equityNot disclosed$366,000
122c
F•••••••• I•••preferred equity equityNot disclosed$350,000
100c
E•••• C•••••••••preferred equity equityNot disclosed$350,000
100c
S••••• I•••term loan lien unstated$1.1M$342,000
39c
PIK 15.00%
M• M•••• L••••••term loan lien unstated$1.7M$337,000
58c
R••••••••• G•••preferred equity equityNot disclosed$333,000
99c
W••• D••• I•••preferred equity equityNot disclosed$322,000
129c
M••••••• T••••••••• C•••••••••preferred equity equityNot disclosed$319,000
64c
W••••••• L•••• I•••term loan lien unstated$300,000$303,000
100c
S+85 bp
E•••• C•••••••••preferred equity equityNot disclosed$298,000
397c
P••••• G•••• I•••term loan lien unstated$295,000$295,000
100c
S+350 bp
F•••••••• I•••preferred equity equityNot disclosed$295,000
206c
W•••••••• F•••••• L•••••••• L••••••term loan lien unstated$270,000$284,000
104c
S+675 bp
P•• F••• I•••preferred equity equityNot disclosed$275,000
138c
R•••• L•••• I•••preferred equity equityNot disclosed$275,000
110c
S•••••• I•••preferred equity equityNot disclosed$271,000
60c
F••••••••• I•••preferred equity equityNot disclosed$268,000
98c
U• C••••••• T••••••••• I•••preferred equity equityNot disclosed$262,000
75c
F•••••• C••••revolver lien unstated$260,000$260,000
100c
S+500 bp
O••• C•••• ••••• G••••• C•••••preferred equity equityNot disclosed$260,000
310c
D•••• G•••term loan lien unstated$723,000$260,000
36c
R•••• N••••••• I•••revolver lien unstated$2.4M$257,000
10c
S+575 bp
PIK 5.75%
O•••••• F••• I• L•equity equityNot disclosed$250,000
100c
C••••• I••••••••• I•••preferred equity equityNot disclosed$250,000
100c
L••••• P•••••••• I•••preferred equity equityNot disclosed$250,000
100c
S••••• I•••••••• I•••preferred equity equityNot disclosed$244,000
98c
A••••••••• I•••preferred equity equityNot disclosed$235,000
235c
S••••••• I•••warrants equityNot disclosed$233,000
245c
H•••••••• I•••• 2•warrants equityNot disclosed$233,000
86c
F••••••••• I•••warrants equityNot disclosed$231,000
100c
S•••• I•••warrants equityNot disclosed$230,000
404c
H•••• T••••••••• I•••preferred equity equityNot disclosed$228,000
115c
A••••••••• I•••preferred equity equityNot disclosed$223,000
279c
P••••• A• F•••• G•••preferred equity equityNot disclosed$219,000
88c
L••••• H••••• I•••preferred equity equityNot disclosed$216,000
584c
J••• D••••••• I•••term loan lien unstated$278,000$207,000
74c
S+1250 bp
PIK 12.50%
W•••••••• F•••••• L•••••••• L••••••revolver lien unstated$188,000$198,000
102c
S+475 bp
D•••• G•••term loan lien unstated$529,000$195,000
39c
H•••• T••••••••• I•••preferred equity equityNot disclosed$192,000
384c
S•••••••• I•••preferred equity equityNot disclosed$187,000
890c
L••••• H••••• I•••preferred equity equityNot disclosed$187,000
100c
T••• F••••••• I•••preferred equity equityNot disclosed$180,000
180c
C•••••••• I•••preferred equity equityNot disclosed$180,000
100c
M••••••• T••••••••• C•••••••••preferred equity equityNot disclosed$179,000
69c
F•••• L•••• I•••preferred equity equityNot disclosed$172,000
69c
K• H•••••• I•••warrants equityNot disclosed$169,000
90c
C••••••••• T••••• L•••equity equityNot disclosed$168,000
100c
S••••• A••••••• U••• I•••revolver lien unstated$167,000$167,000
100c
S+175 bp
S••••••• B••• C••••••preferred equity equityNot disclosed$165,000
569c
C••••••• V••••••• I•••preferred equity equityNot disclosed$156,000
76c
P••••••••• I•••preferred equity equityNot disclosed$155,000
131c
H•••••••• I••• 1•warrants equityNot disclosed$155,000
105c
H•••••••• I•••warrants equityNot disclosed$153,000
7650c
C••• A• L•••preferred equity equityNot disclosed$151,000
184c
K••• L•••••• I•••preferred equity equityNot disclosed$150,000
100c
I••••• T••••••••• I•••warrants equityNot disclosed$147,000
100c
O••••••• S•••••• I•••preferred equity equityNot disclosed$142,000
95c
R•••••• L•••• I•••preferred equity equityNot disclosed$140,000
115c
T•••• E•••••• I•••warrants equityNot disclosed$139,000
89c
F••••••••• I•••preferred equity equityNot disclosed$135,000
150c
A•••• G••••• I••• 1•warrants equityNot disclosed$132,000
100c
M••••••••• N•••••••• I•••revolver lien unstated$2.6M$132,000
5c
S+1225 bp
PIK 12.25%
N•• G•••preferred equity equityNot disclosed$132,000
76c
F••••••••• I•••warrants equityNot disclosed$132,000
68c
Page 2 of 6PreviousNext
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.