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A private credit provider

Direct lenderBDC adviser· Menlo Park, CA

Direct lender, based in Menlo Park, CA, advising 2 BDCs with $1.2B at fair value across 233 borrowers.

Composed from this provider's classification, location and filed figures.

BDC fair value
$1.2B
Credit fund assets
$112M
Borrowers
233
Sponsors
5
As of · the latest BDC schedule or sponsor pairing on record for this provider

What matters now

  1. $34.1M
    on non-accrual, 5 borrowers

    5 borrowers on non-accrual, $34.1M principal; the largest is Frubana Inc ($10M at TriplePoint Venture Growth BDC Corp.).

    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 Frubana Inc →
  2. $7M
    newly on non-accrual

    1 borrower newly placed on non-accrual in Q2 2026, $7M principal: Morty, Inc ($7M at TriplePoint Private Venture Credit Inc.).

    Q2 2026 · The newest credit problems in the book.

    FactBDC schedules of investments, 30 Jun 2026Open Morty, Inc →
  3. 48 below 80¢
    $167M principal

    48 positions across 13 borrowers marked below 80¢ on cost, $167M principal.

    Q2 2026 · Marks this low usually come before non-accrual or a restructuring.

    Derivedeach position's fair value over cost, 30 Jun 2026
  4. 13 new sponsors
    in 12 months

    13 new sponsors began borrowing from this lender in the last twelve months, and 2 sponsors came back for another deal.

    New sponsor relationships are where its next deals come from.

    Factdeal announcements and BDC schedules naming the pairWhat changed →
Every figure, and the identifiersCRD 168948 · 2 other DFX graphsShow
Direct lenderPrivate credit fund manager (candidate)Venture debt (candidate)CRD 168948
BDCs managed
2
read from each BDC's 10-K
BDC fair value
$1.2B
latest schedules, summed
BDC principal held
$1.1B
debt pieces, the filers' figures
Credit funds
1
Form ADV Schedule D
Borrowers
233
across BDCs and named deals
Sponsors
5
sponsor x lender pairs
Adviser RAUM
not established
as filed on Form ADV
On other DFX graphs
2
shared identifiers only

What they say they lend against

the firm's own words, read from its site
What they lend
Venture debt*
stated
Who they lend to
Platforms*
stated
Recurring revenue*
stated
Sectors and geography
Sectors
tech enabled services, industrial manufacturing, energy services, healthcare services, business services, consumer services, transportation logistics

Read from the firm's own site, at source on record on Sep 27, 2026. Each line is the value DFX extracted above the sentence it came from, so the sentence can be checked against the page. A starred dimension is one whose extraction precision has not been measured on the credit corpus; the quote is shown so it can be judged directly.

What they have actually funded

from the BDC schedules

Every debt and equity piece the provider's BDCs reported in their latest schedules of investments, in the filers' own numbers. 832 positions.

Seniority of what it holds
  • Equity526 100%
Of 832 positions, 526 carry a lien in the filing. A unitranche is filed as first lien, so a stated unitranche appetite can be neither confirmed nor contradicted here.
Size of the debt pieces it takes
  • Under $5M166 72%
  • $5M to $15M49 21%
  • $15M to $50M16 7%
231 of 832 positions disclose a principal amount; the median piece is $2.1M. Held principal is the lender's share of a facility, not the facility.

No industry breakdown is shown: an industry is recorded on 36.8% of published positions, and a mix built on that would describe which filers tag their schedules rather than what this lender prefers.

Relationship network

90 connected entities

From the latest schedules of investments of the BDCs this provider advises, the facilities and deals that name it, its Form ADV and its BDCs' 10-Ks. A borrower's figure is the BDCs' own fair value mark of their positions, not money moved.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the financings and sources behind it. Line weight is financings together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Fund or vehicle
›How strength and recency are read

Borrowers are ordered by the size of the position in the provider's BDCs, sponsors by how many of its borrowers they back. BDCs and funds are the vehicles it advises. Every figure is as filed, with its date.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

BDCs managed

BDCFair valueBorrowersAs of
TriplePoint Venture Growth BDC Corp.$781M137Jun 30, 2026
TriplePoint Private Venture Credit Inc.$387M193Jun 30, 2026

Sponsor relationships

by borrowers financed across the provider's BDCs

+2 additional sponsors this lender finances

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

All 5 pairs

Named as lender on a deal

carried from sponsor and lender announcements
No deal announcement on the graph names this provider as a lender.

Facilities held or named

0 on the graph
The provider's pieces sit on its BDCs' pages; no facility is held in this entity's own name.

Credit funds on Form ADV

candidates by name; Form ADV has no private credit fund type
FundGross assetsFirst reported
a fund
Hedge Fund
$112M
Aug 15, 2024
Mar 31, 2022

What changed

  • New sponsor and lender pair Jun 30, 2026
  • New sponsor and lender pair Jun 30, 2026
  • Repeat sponsor and lender pair Jun 30, 2026
  • New sponsor and lender pair Jun 30, 2026
  • New sponsor and lender pair Jun 30, 2026

+10 additional dated changes on this lender

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

How this provider is known

Direct lender
probable · bdc adviser 10kreportedsec.gov
Private credit fund manager
candidate · adv credit fundsestimated
Venture debt
candidate · adv credit fundsestimated
RIA Intelligence
d8d590ec-3b1d-2953-a06d-cd2813deb58creportedshared crd
RIA Intelligence
d8d590ec-3b1d-2953-a06d-cd2813deb58cderivedname unique adv

Who to call

the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts
The firm's published line
Revealable: 1 website (The subject's own site), 1 professional profile (The subject's own site), 1 contact form (The subject's own site) · last confirmed 2026-09-18 · confidence 100%

Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan

Across the graphs

This record is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

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