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Borrower

V••••••••• P••••••••• L••

group grade Aon a schedule nowsponsor I•••••••• E••••• L• carried
Also written as: I•••••••• VS Investco, LP
Principal held
at least $8.0M
sum of BDC pieces, a lower bound
Fair value
$8.3M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Apr 3, 2031
no dated debt inside 24 months
On the tape since
Jun 30, 2026
latest Jun 30, 2026
Events
1
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
term loan lien unstatedat least $8.0M100cSOFR+525 bpApr 3, 20312
Equity pieces beside the debt: equity ($390,698 fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
S•••••• C•••••• I••••••••• C•••equity equity
Partnership Interests
$18,605$18,605
100c
S•••••• C•••••• I••••••••• C•••term loan lien unstated
Term Loan
$200,000$196,636
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+525 bp
S•••••• P•••••• C••••• B••term loan lien unstated
Term Loan (PBDC SPV)
$2.7M$2.7M
100c
SOFR+525 bp
S•••••• P•••••• C••••• B••equity equity
Partnership Interests
n/a$372,093
100c
S•••••• P•••••• C••••• B••term loan lien unstated
Term Loan
$5.1M$5.0M
100c
SOFR+525 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20262$8.0M$7.9M100c0
What changed
Identity
Group key
VELOSOURCEderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 2 BDCsderived