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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
D••• S••••••• C••••preferred equity equityNot disclosed$45,000
54c
H•••• E••••• I•••preferred equity equityNot disclosed$45,000
346c
S•••••• I•••warrants equityNot disclosed$45,000
66c
F••••• I•••warrants equityNot disclosed$44,000
59c
O••••••• A• I•••warrants equityNot disclosed$43,000
88c
P•••• H•••••• I•••preferred equity equityNot disclosed$42,000
53c
M••••••••• T••••••••• I•••warrants equityNot disclosed$42,000
1400c
S•••••• H•••••• I•••preferred equity equityNot disclosed$41,000
121c
S•••••• I•••preferred equity equityNot disclosed$38,000
61c
P••••• A• F•••• G•••preferred equity equityNot disclosed$37,000
100c
W•••••••• I•••warrants equityNot disclosed$36,000
43c
A•••• G••••• I••• 2•warrants equityNot disclosed$36,000
100c
C•••••••• A••••••••• L••preferred equity equityNot disclosed$34,000
79c
F•••••••• I•••warrants equityNot disclosed$33,000
100c
A•••••• A•• I•••preferred equity equityNot disclosed$33,000
100c
C•••••• I•••warrants equityNot disclosed$32,000
100c
E•••••••• S••••••••• I•••term loan lien unstated$215,000$32,000
15c
S+750 bp
PIK 7.50%
A•• H••••••• I•••preferred equity equityNot disclosed$31,000
62c
V••••••• H••••••• I•••preferred equity equityNot disclosed$30,000
56c
U••••••• T••••••••• I•••warrants equityNot disclosed$29,000
290c
A•••• T••••••••• I•••preferred equity equityNot disclosed$29,000
58c
B••••• H•••• I•••preferred equity equityNot disclosed$29,000
100c
P•••••• I•••preferred equity equityNot disclosed$29,000
223c
P••••• A• F•••• G•••preferred equity equityNot disclosed$28,000
93c
W•••••••• F•••••• L•••••••• L••••••preferred equity equityNot disclosed$28,000
112c
C••••••• V••••••• I•••preferred equity equityNot disclosed$28,000
67c
M••preferred equity equityNot disclosed$26,000
104c
D•••• G•••term loan lien unstated$69,000$26,000
39c
E••••••• G•••preferred equity equityNot disclosed$26,000
108c
E•••••• M••••••• I•••preferred equity equityNot disclosed$25,000
100c
A•••••• P••••• I•••preferred equity equityNot disclosed$25,000
32c
J••• S•••••••preferred equity equityNot disclosed$25,000
36c
V••••••preferred equity equityNot disclosed$24,000
100c
P•••••••• I••• H•••••• ••• P•••••••• I••••equity equityNot disclosed$24,000
100c
S••••• A••••••• U••• I•••preferred equity equityNot disclosed$23,000
100c
F•• H••••• U• L••••••preferred equity equityNot disclosed$22,000
220c
R•••• L•••• I•••warrants equityNot disclosed$22,000
116c
A•••• T••••••••• I•••preferred equity equityNot disclosed$21,000
88c
K•••• F•••••••• T••••••••• I•••••••••preferred equity equityNot disclosed$21,000
117c
A•••••• P••••• I•••preferred equity equityNot disclosed$21,000
100c
R•••• C•••••••• I•••preferred equity equityNot disclosed$21,000
81c
C••••••••• F•••••• C•••••••••preferred equity equityNot disclosed$20,000
143c
C••••••• G•••••• I••••preferred equity equityNot disclosed$20,000
95c
E•••••• C••••warrants equityNot disclosed$20,000
100c
O•••••••• I•••preferred equity equityNot disclosed$19,000
61c
V••••••• I•••warrants equityNot disclosed$19,000
100c
S•••••• V•• I•••warrants equityNot disclosed$19,000
61c
L•••••• I•••warrants equityNot disclosed$18,000
27c
H•••• I•••preferred equity equityNot disclosed$17,000
100c
H•••• I•••preferred equity equityNot disclosed$17,000
94c
R••••••••• I•••warrants equityNot disclosed$17,000
100c
P••••••• E••••••••• I•••preferred equity equityNot disclosed$17,000
74c
E•••••••• S••••••••• I•••term loan lien unstated$107,000$16,000
15c
S+750 bp
PIK 7.50%
J•••• S•••••••• I•••preferred equity equityNot disclosed$16,000
200c
B••••• H•••• I•••warrants equityNot disclosed$15,000
250c
R•••• C•••••••• I•••preferred equity equityNot disclosed$15,000
214c
H•••••• I•••warrants equityNot disclosed$15,000
26c
M•• I••••••••• L•••preferred equity equityNot disclosed$14,000
70c
B•••••• T••••••••• L•••• I•••warrants equityNot disclosed$14,000
100c
L••••• P•••••••• I•••preferred equity equityNot disclosed$13,000
100c
S••••••• I•••preferred equity equityNot disclosed$12,000
100c
N•••••• O•• W•••• A•term loan lien unstated$12,000$12,000
100c
PIK 12.00%
D••••••• I•••preferred equity 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
P••••• G•••• I•••warrants equityNot disclosed$11,000
65c
J•••• S•••••••• I•••preferred equity equityNot disclosed$10,000
125c
W•••••••• F•••••• L•••••••• L••••••preferred equity equityNot disclosed$10,000
111c
W••••••• I•••preferred equity equityNot disclosed$10,000
100c
P••• E••••••• I•••preferred equity equityNot disclosed$10,000
100c
B••• G••••••••• I•••warrants equityNot disclosed$10,000
100c
F•••••••• I•••preferred equity equityNot disclosed$9,000
75c
Z•••• I••••••••• I•••preferred equity equityNot disclosed$9,000
100c
W••• D••• I•••preferred equity equityNot disclosed$9,000
100c
C•••••• C•••••••••preferred equity equityNot disclosed$8,000
7c
Q•••• C••••••• L•••equity equityNot disclosed$8,000
31c
A•••••• P••••• I•••preferred equity equityNot disclosed$8,000
7c
E•••••••• S••••••••• I•••term loan lien unstated$59,000$8,000
14c
S+750 bp
PIK 7.50%
R•••• C•••••••• I•••preferred equity equityNot disclosed$8,000
200c
D•••• R•• O••• I•••preferred equity equityNot disclosed$7,000
44c
I••••• I•••preferred equity equityNot disclosed$7,000
54c
T••••••••• I•••preferred equity equityNot disclosed$7,000
100c
S•••••• I•••preferred equity equityNot disclosed$7,000
23c
H••••••••• I•••warrants equityNot disclosed$7,000
88c
C•••••••• I•••preferred equity equityNot disclosed$7,000
37c
P••• E••••••• I•••warrants equityNot disclosed$7,000
140c
C•••••••• I•••preferred equity equityNot disclosed$7,000
117c
T••••••••• I•••warrants equityNot disclosed$7,000
100c
W•••••••• F•••••• L•••••••• L••••••preferred equity equityNot disclosed$7,000
100c
L•••• H•••••• C••••••preferred equity equityNot disclosed$6,000
13c
M••equity equityNot disclosed$6,000
1c
E•••••••• S••••••••• I•••term loan lien unstated$44,000$6,000
14c
S+750 bp
PIK 7.50%
M•• I••••••••• L•••warrants equityNot disclosed$6,000
40c
D•••• R•• O••• I•••preferred equity equityNot disclosed$6,000
43c
P••••• G•••• I•••warrants equityNot disclosed$6,000
120c
B•••••• I•••warrants equityNot disclosed$6,000
100c
S•••••••• I•••preferred equity equityNot disclosed$6,000
100c
I••••• I•••preferred equity equityNot disclosed$5,000
11c
E•••••••• S••••••••• I•••term loan lien unstated$45,000$5,000
11c
S+750 bp
PIK 7.50%
F••••• I•••warrants equityNot disclosed$4,000
57c
Page 4 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.