The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

BDC portfolio

V•••• C••••• S•••••••• L•••••• C••••

BDCnon-tradedCIK 1919369file 814-01651SAN FRANCISCO, CAmanaged by V•••• C••••• B•• M••••••••• L•••
Fair value
$1.9B
as of Jun 30, 2026
Principal held
$1.8B
debt pieces, the filer's figure
Cost
$1.9B
99c on cost
Unfunded
$324M
commitments not yet drawn
Positions
127
92 borrowers
First lien
n/a
95% debt by fair value
Quarters on the tape
11
since Dec 31, 2023
Facilities held
115
11 sponsors financed
Portfolio through time
Fair value by quarter end$1.9B as of Jun 30, 2026
Dec 31, 2023$105M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$1.9B9299c2533 bp
Mar 31, 2026$1.6B8299c2519 bp
Dec 31, 2025$1.6B74100c2522 bp
Sep 30, 2025$1.1B66100c1543 bp
Jun 30, 2025$737M56100c1538 bp
Mar 31, 2025$2.2B38100c1530 bp
Dec 31, 2024$2.5B56100c3530 bp
Sep 30, 2024$359M29100c1521 bp
Jun 30, 2024$270M24100c1505 bp
Mar 31, 2024$180M19100c1494 bp
Dec 31, 2023$105M16100c0494 bp

Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.

Sponsors financed
No borrower on this schedule has a sponsor attribution yet.

Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.

What changed
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Jun 30, 2026
127 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
E•••••• H•••••••• I••.delayed draw term loan lien unstatedn/an/a
I••••••••• I••.revolver lien unstatedn/an/a
G••••• B•••• Increvolver lien unstatedn/an/a
Q• H•••••••• I••.delayed draw term loan lien unstatedn/an/a
A•••••• I••.delayed draw term loan lien unstatedn/an/a
A•••••• I••.revolver lien unstatedn/an/a
H•• P•••••••• O•••••••••equity equityn/an/a
M••• S•••••• B••.delayed draw term loan lien unstatedn/an/a
S••• P•••••••• L••delayed draw term loan lien unstatedn/an/a
E•••••• H•••••••• I••.revolver lien unstatedn/an/a
A•• D••• C••••••• L••delayed draw term loan lien unstatedn/an/a
A•• I••• L••delayed draw term loan lien unstatedn/an/a
M••••••• B•••• I••.revolver lien unstatedn/an/a
S••• P•••••••• L••delayed draw term loan lien unstatedn/an/a
A•••• L•• B•••• S• R•delayed draw term loan lien unstatedn/an/a
A•••••• I••••••••• H•••• I••.revolver lien unstatedn/an/a
MRI S•••••••, LLCdelayed draw term loan lien unstatedn/an/a
O••••••••• L••delayed draw term loan lien unstatedn/an/a
T••••••••• I••.delayed draw term loan lien unstatedn/an/a
Powergem B•••• Inc.revolver lien unstatedn/an/a
MRI S•••••••, LLCrevolver lien unstatedn/an/a
F•••• Group Inc.delayed draw term loan lien unstatedn/an/a
D••••••• C•••••••••revolver lien unstatedn/an/a
I••••••••• I••.delayed draw term loan lien unstatedn/an/a
I•••••••• M•••••••• A••••••••• L••revolver lien unstatedn/an/a
T••••••••• I••.revolver lien unstatedn/an/a
S•• H•••••••• L••revolver lien unstatedn/an/a
Page 2 of 2Previous
Registration
Fiscal year end
1231reported
Incorporated
MDreported
On the SEC BDC report
2026 to 2026reported
Filings listed
12reported10-Q and 10-K since 2022
Latest schedule
0001193125-26-339655reported