Visual Effect Graph doesn't render third particle or renders it as a black quad

How to reproduce:

1. Open the user-attached project (FantasyBowFishing.zip)
2. Open the “ParticleTest“ scene from “Assets/Scenes“ directory
3. Observe the particle being orbited by two “glowing“ particles

Expected result: the particle in the center is a magenta square

Actual result: the particle in the center is a black square or doesn't render at all

Reproducible with: Visual Effect Graph 10.10.0 (2020.3.38f1), 13.1.8 (2022.1.14f1), 14.0.3 (2022.2.0b7), 15.0.1 (2023.1.0a9)

Could not test with: Visual Effect Graph 12.1.7 (2021.3.9f1) (Doesn’t render the VFX particles and throws errors in the console “[VFXTest] [System (2)] CameraSort.compute: Kernel at index (0) is invalid“)

Reproducible on: Windows 10, Ubuntu 20.04