Barings BDC, Inc.

For the period ended Mar 31, 2026. Filed May 7, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 7, 2026

BBDC$8.77+0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Schedule of Investments as of

Consolidated Schedule of Investments

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Non–Control / Non–Affiliate Investments:
Debt Investments
Aerospace & Defense
Accurus Aerospace Corporation	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.8% Cash	04/22	04/28	$13,056		$12,969		$12,951	1.1%	(7)(8)(13)
Accurus Aerospace Corporation	Revolver	SOFR + 4.75%, 8.8% Cash	04/22	04/28	288		275		270	—%	(7)(8)(13)(30)
ATL II MRO Holdings Inc.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.2% Cash	11/22	11/28	19,116		18,868		18,939	1.6%	(7)(8)(13)
ATL II MRO Holdings Inc.	Revolver	SOFR + 5.25%, 9.2% Cash	11/22	11/28	—		(37)		(31)	—%	(7)(8)(13)(30)
Compass Precision, LLC	Senior Subordinated Term Loan	11.0% Cash, 1.0% PIK	04/22	04/28	655		651		655	0.1%	(7)
GB Eagle Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	12/22	12/30	8,467		8,355		8,382	0.7%	(7)(8)(13)
GB Eagle Buyer, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	12/22	12/30	—		(35)		(23)	—%	(7)(8)(13)(30)
Jade Bidco Limited (Jane's)	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.4% Cash	11/19	02/29	1,263		1,159		1,263	0.1%	(3)(7)(8)(11)
Jade Bidco Limited (Jane's)	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.3% Cash	11/19	02/29	6,526		6,460		6,526	0.6%	(3)(7)(8)(14)
M-Personal Protection Management GmbH	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.0% Cash	10/24	09/31	4,139		3,773		4,139	0.4%	(3)(7)(8)(10)
Megawatt Acquisitionco, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	03/24	03/30	4,118		4,059		4,023	0.3%	(7)(8)(13)
Megawatt Acquisitionco, Inc.	Revolver	SOFR + 5.50%, 9.2% Cash	03/24	03/30	—		(9)		(15)	—%	(7)(8)(13)(30)
Protego Bidco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.1% Cash	03/21	03/28	1,599		1,602		1,599	0.1%	(3)(7)(8)(11)
Protego Bidco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 8.6% Cash	03/21	03/28	320		295		320	—%	(3)(7)(8)(11)
Protego Bidco B.V.	Revolver	EURIBOR + 6.50%, 8.6% Cash	03/21	03/27	2,300		2,299		2,300	0.2%	(3)(7)(8)(11)
SISU ACQUISITIONCO., INC.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	12/20	12/26	7,220		7,195		7,176	0.6%	(7)(8)(13)
Trident Maritime Systems, Inc.	First Lien Senior Secured Term Loan	SOFR + 1.00%, 4.8% Cash, 6.8% PIK	02/21	02/27	14,380		14,332		12,583	1.1%	(7)(8)(13)
Whitcraft Holdings, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	06/24	09/31	12,966		12,759		12,845	1.1%	(7)(8)(13)(30)
Whitcraft Holdings, Inc.	Revolver	SOFR + 5.00%, 8.7% Cash	02/23	09/31	—		(40)		(17)	—%	(7)(8)(13)(30)
Subtotal Aerospace & Defense (8.1%)*				96,413		94,930		93,885
Automotive
Burgess Point Purchaser Corporation	Second Lien Senior Secured Term Loan	SOFR + 9.00%, 12.9% Cash	07/22	07/30	4,545		4,435		3,986	0.3%	(7)(8)(13)
OAC Holdings I Corp	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.0% Cash	03/22	03/29	3,285		3,253		3,285	0.3%	(7)(8)(13)
OAC Holdings I Corp	Revolver	SOFR + 5.00%, 9.0% Cash	03/22	03/28	—		(11)		—	—%	(7)(8)(13)(30)
Randys Holdings, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	11/22	11/29	12,685		12,459		12,552	1.1%	(7)(8)(12)(30)
Randys Holdings, Inc.	Revolver	SOFR + 5.00%, 8.7% Cash	11/22	11/29	—		(32)		(19)	—%	(7)(8)(12)(30)
Recon Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.6% Cash	11/25	11/31	1,959		1,876		1,874	0.2%	(7)(8)(13)(30)
Recon Buyer LLC	Revolver	SOFR + 4.75%, 8.6% Cash	11/25	11/31	—		(7)		(8)	—%	(7)(8)(13)(30)
SPATCO Energy Solutions, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.9% Cash	07/24	07/30	7,463		7,327		7,374	0.6%	(7)(8)(13)(30)
SPATCO Energy Solutions, LLC	Revolver	SOFR + 5.00%, 8.9% Cash	07/24	07/30	—		(18)		(12)	—%	(7)(8)(13)(30)
SVI International LLC	First Lien Senior Secured Term Loan	SOFR + 6.75%, 10.7% Cash	03/24	03/30	639		630		639	0.1%	(7)(8)(13)
SVI International LLC	Revolver	SOFR + 6.75%, 10.7% Cash	03/24	03/30	—		(1)		—	—%	(7)(8)(13)(30)
Subtotal Automotive (2.6%)*				30,576		29,911		29,671

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Banking, Finance, Insurance, & Real Estate
Aegros Holdco 2 Ltd	Second Lien Senior Secured Term Loan	SONIA + 8.50%, 13.0% PIK	05/25	05/32		$6,174		$5,984	$5,310	0.5%	(3)(7)
Apus Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.00%, 9.2% Cash	02/21	03/28		3,875		3,928	3,875	0.3%	(3)(7)(8)(16)
Beyond Risk Management, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.4% Cash	10/21	10/27		1,775		1,763	1,775	0.2%	(7)(8)(13)(30)
Bishop Street Underwriters, LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	07/25	07/31		4,830		4,785	4,830	0.4%	(7)(8)(12)
Broadstone Group UK LTD	First Lien Senior Secured Term Loan	SONIA + 4.75%, 8.7% Cash	03/25	02/32		1,775		1,629	1,731	0.1%	(3)(7)(8)(16)(30)
Credit Key Funding II LLC	First Lien Senior Secured Term Loan	SOFR + 7.50%, 11.2% Cash	12/25	11/30		4,870		4,749	4,748	0.4%	(7)(8)(13)(30)
Credit Key Funding II LLC	Revolver	SOFR + 7.50%, 11.2% Cash	12/25	12/30		—		(9)	(9)	—%	(7)(8)(13)(30)
Finaxy Holding	First Lien Senior Secured Term Loan	EURIBOR + 4.50%, 6.6% Cash	11/23	11/30		4,422		3,948	4,369	0.4%	(3)(7)(8)(11)
Groupe Guemas	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 8.8% Cash	10/23	09/30		5,473		4,838	5,434	0.5%	(3)(7)(8)(11)
Heilbron (f/k/a Sucsez (Bolt Bidco B.V.))	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 7.8% Cash	09/19	09/26		3,557		3,676	3,521	0.3%	(3)(7)(8)(11)
High Street Buyer Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	07/25	07/32		200		188	188	—%	(7)(8)(13)(30)
IM Square	First Lien Senior Secured Term Loan	EURIBOR + 5.55%, 7.6% Cash	05/21	05/28		2,936		2,971	2,916	0.3%	(3)(7)(8)(10)
ORS Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	06/25	08/31		4,966		4,896	4,905	0.4%	(7)(8)(13)
OSP AFS Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	10/25	10/31		2,992		2,886	2,883	0.2%	(7)(8)(12)(30)
OSP AFS Buyer, LLC	Revolver	SOFR + 5.00%, 8.7% Cash	10/25	10/31		—		(16)	(16)	—%	(7)(8)(12)(30)
Owl Intermediate Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.7% Cash	04/25	04/32		2,483		2,449	2,345	0.2%	(7)(8)(13)(30)
Owl Intermediate Holdings, LLC	Revolver	SOFR + 4.75%, 8.7% Cash	04/25	04/32		—		(20)	(86)	—%	(7)(8)(13)(30)
Policy Services Company, LLC	First Lien Senior Secured Term Loan	SOFR + 6.00%, 10.5% Cash, 4.0% PIK	12/21	06/26		53,406		52,856	48,065	4.1%	(7)(8)(13)
Premium Invest	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 7.8% Cash	06/21	12/30		9,924		8,919	9,842	0.8%	(3)(7)(8)(10)(30)
Shelf Bidco Ltd	Second Out Term Loan	SOFR + 5.00%, 8.9% Cash	10/24	10/31		12,092		12,040	12,042	1.0%	(3)(7)(8)(13)
The Caprock Group, Inc. (aka TA/TCG Holdings, LLC)	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	10/21	12/28		7,862		7,765	7,768	0.7%	(7)(8)(12)(30)
The Caprock Group, Inc. (aka TA/TCG Holdings, LLC)	Revolver	SOFR + 4.75%, 8.5% Cash	10/21	12/28		—		(16)	(18)	—%	(7)(8)(12)(30)
THG Acquisition, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	10/24	10/31		5,444		5,384	5,401	0.5%	(7)(8)(12)(30)
THG Acquisition, LLC	Revolver	SOFR + 4.75%, 8.5% Cash	10/24	10/31		199		186	190	—%	(7)(8)(12)(30)
Turbo Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.8% Cash	11/21	06/26		8,114		8,095	8,008	0.7%	(7)(8)(13)
WEST-NR ACQUISITIONCO, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash	08/23	12/27		10,900		10,696	10,900	0.9%	(7)(8)(13)(30)
Subtotal Banking, Finance, Insurance, & Real Estate (13.0%)*			158,269		154,570		150,917
Beverage, Food, & Tobacco
CTI Foods Holdings Co., LLC	First Lien Senior Secured Term Loan	SOFR + 7.86%, 12.0% Cash	04/25	03/29		11,014		10,827	11,014	0.9%	(7)(8)(13)
CTI Foods Holdings Co., LLC	First Out Term Loan	SOFR + 10.00%, 14.1% PIK	02/24	05/26		2,400		2,383	2,400	0.2%	(7)(8)(13)
CTI Foods Holdings Co., LLC	First Out Term Loan	SOFR + 7.00%, 11.1% PIK	02/24	05/26		881		881	881	0.1%	(7)(8)(13)
CTI Foods Holdings Co., LLC	Last In First Out Term Loan	SOFR + 9.00%, 13.1% PIK	02/24	05/26		4,870		4,786	4,870	0.4%	(7)(8)(13)
CTI Foods Holdings Co., LLC	Second Out Term Loan	SOFR + 9.00%, 13.1% PIK	02/24	05/26		683		683	683	0.1%	(7)(8)(13)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
GMF Parent, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	12/25	12/32		$2,234			$2,200		$2,200	0.2%	(7)(8)(13)(30)
GMF Parent, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	12/25	12/32		—			(5)		(5)	—%	(7)(8)(13)(30)
Innovad Group II BV	First Lien Senior Secured Term Loan	EURIBOR + 4.75%, 6.7% Cash	04/21	04/28		7,239			7,142		7,239	0.6%	(3)(7)(8)(10)
Innovad Group II BV	First Lien Senior Secured Term Loan	SARON + 4.75%, 4.8% Cash	05/23	04/28		1,157			1,019		1,157	0.1%	(3)(7)(8)(23)
Riedel Beheer B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.25%, 8.3% Cash	12/21	12/28		2,436			2,274		2,146	0.2%	(3)(7)(8)(10)
Woodland Foods, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.2% Cash	12/21	12/28		17,208			17,019		17,036	1.5%	(7)(8)(13)
Woodland Foods, LLC	Revolver	SOFR + 5.25%, 9.2% Cash	12/21	12/28		—			(22)		(28)	—%	(7)(8)(13)(30)
Subtotal Beverage, Food, & Tobacco (4.3%)*			50,122		49,187			49,593
Capital Equipment
AirX Climate Solutions, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash	11/23	11/29		3,271			3,234		3,222	0.3%	(7)(8)(13)
AirX Climate Solutions, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.6% Cash	11/23	11/29		3,273			3,187		3,249	0.3%	(7)(8)(13)(30)
AirX Climate Solutions, Inc.	Revolver	SOFR + 5.75%, 9.6% Cash	11/23	11/29		—			(12)		—	—%	(7)(8)(13)(30)
APC1 Holding	First Lien Senior Secured Term Loan	EURIBOR + 5.40%, 7.4% Cash	07/22	07/29		2,701			2,336		2,701	0.2%	(3)(7)(8)(10)
BPG Holdings IV Corp	First Lien Senior Secured Term Loan	SOFR + 2.00%, 5.6% Cash, 5.0% PIK	03/23	07/29		14,547			14,005		11,347	1.0%	(7)(8)(13)
Brown Machine Group Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.1% Cash	10/18	10/26		6,072			6,063		5,513	0.5%	(7)(8)(13)
Cobham Slip Rings SAS	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.9% Cash	11/21	11/28		1,303			1,292		1,303	0.1%	(3)(7)(8)(13)
DAWGS Intermediate Holdings Co.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	03/25	03/31		1,794			1,778		1,791	0.2%	(7)(8)(13)
DAWGS Intermediate Holdings Co.	Revolver	SOFR + 4.50%, 8.2% Cash	03/25	03/31		343			325		339	—%	(7)(8)(13)(30)
Kanawha Scales & Systems, LLC	First Lien Senior Secured Term Loan	SOFR + 4.25%, 8.1% Cash	11/25	10/32		424			416		415	—%	(7)(8)(13)(30)
Kanawha Scales & Systems, LLC	Revolver	SOFR + 4.25%, 8.1% Cash	11/25	10/32		26			24		24	—%	(7)(8)(13)(30)
Polara Enterprises, L.L.C.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.3% Cash	12/21	12/27		944			938		944	0.1%	(7)(8)(13)
Polara Enterprises, L.L.C.	Revolver	SOFR + 4.50%, 8.3% Cash	12/21	12/27		316			307		316	—%	(7)(8)(13)(30)
Process Equipment, Inc. (ProcessBarron)	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.1% Cash	03/19	09/26		5,270			5,258		5,254	0.5%	(7)(8)(14)
Process Insights Acquisition, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.1% Cash	07/23	07/29		5,688			5,600		5,022	0.4%	(7)(8)(13)
Process Insights Acquisition, Inc.	Revolver	SOFR + 6.25%, 10.1% Cash	07/23	07/29		1,014			999		896	0.1%	(7)(8)(13)
Rapid Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	10/24	10/30		5,425			5,348		4,897	0.4%	(7)(8)(14)(30)
Rapid Buyer LLC	Revolver	SOFR + 4.75%, 8.5% Cash	10/24	10/30		—			(13)		(93)	—%	(7)(8)(14)(30)
TAPCO Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	11/24	11/30		9,597			9,477		9,492	0.8%	(7)(8)(12)
TAPCO Buyer LLC	Revolver	SOFR + 4.50%, 8.2% Cash	11/24	11/30		—			(17)		(16)	—%	(7)(8)(12)(30)
Tencarva Machinery Company, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.6% Cash	12/21	12/27		7,626			7,457		7,507	0.6%	(7)(8)(13)(30)
Tencarva Machinery Company, LLC	Revolver	SOFR + 4.75%, 8.6% Cash	12/21	12/27		—			(17)		(17)	—%	(7)(8)(13)(30)
Subtotal Capital Equipment (5.5%)*				69,634			67,985			64,106
Chemicals, Plastics, & Rubber
Americo Chemical Products, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	04/23	04/29		4,937			4,872		4,875	0.4%	(7)(8)(12)
Americo Chemical Products, LLC	Revolver	SOFR + 5.00%, 8.7% Cash	04/23	04/29		—			(7)		(6)	—%	(7)(8)(12)(30)
AnalytiChem Holding GmbH	First Lien Senior Secured Term Loan	EURIBOR + 5.33%, 7.3% Cash	11/21	10/28		6,268			5,754		6,225	0.5%	(3)(7)(8)(10)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
AnalytiChem Holding GmbH	First Lien Senior Secured Term Loan	SOFR + 5.33%, 9.7% Cash	06/22	10/28		$1,019			$1,019		$1,012	0.1%	(3)(7)(8)(13)
G 3 Chickadee Purchaser, LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.6% Cash	10/25	10/31		11,905			11,672		11,667	1.0%	(7)(8)(13)
Polymer Solutions Group Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 7.00%, 11.4% PIK	02/22	10/26		994			994		364	—%	(7)(8)(13)(26)(28)
Subtotal Chemicals, Plastics, & Rubber (2.1%)*			25,123		24,304			24,137
Construction & Building
BKF Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	08/24	08/30		8,077			7,985		7,988	0.7%	(7)(8)(12)
BKF Buyer, Inc.	Revolver	SOFR + 5.00%, 8.7% Cash	08/24	08/30		—			(32)		(33)	—%	(7)(8)(12)(30)
EMI Porta Holdco LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.6% Cash	12/21	12/27		12,032			11,942		10,985	0.9%	(7)(8)(13)
EMI Porta Holdco LLC	Revolver	SOFR + 5.75%, 9.6% Cash	12/21	12/27		771			752		513	—%	(7)(8)(13)(30)
GMES LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	09/25	09/31		7,710			7,602		7,609	0.7%	(7)(8)(13)(30)
GMES LLC	Revolver	SOFR + 5.25%, 8.9% Cash	09/25	09/31		102			90		90	—%	(7)(8)(13)(30)
Lockmasters Security Intermediate, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.6% Cash	05/25	09/27		3,225			3,199		3,199	0.3%	(7)(8)(13)(30)
Lockmasters Security Intermediate, Inc.	Revolver	SOFR + 5.00%, 8.6% Cash	05/25	09/27		—			(5)		(5)	—%	(7)(8)(13)(30)
MNS Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash	08/21	08/27		268			267		268	—%	(7)(8)(12)
Ocelot Holdco LLC	Takeback Term Loan	10.0% Cash	10/23	10/27		2,933			2,933		2,933	0.3%	(7)
Subtotal Construction & Building (2.9%)*				35,118			34,733			33,547
Consumer goods: Durable
DecksDirect, LLC	First Lien Senior Secured Term Loan	SOFR + 6.50%, 10.4% Cash, 0.3% PIK	12/21	12/28		1,490			1,480		988	0.1%	(7)(8)(13)
DecksDirect, LLC	Revolver	SOFR + 6.25%, 10.2% Cash	12/21	12/28		296			294		168	—%	(7)(8)(13)(30)
Gojo Industries, Inc.	First Lien Senior Secured Term Loan	SOFR + 8.75%, 12.6% Cash	10/23	10/28		12,474			12,244		12,474	1.1%	(7)(8)(13)
HTI Technology & Industries	First Lien Senior Secured Term Loan	SOFR + 8.50%, 12.5% Cash	07/22	01/26		11,091			11,086		10,394	0.9%	(7)(8)(13)(30)
HTI Technology & Industries	Revolver	SOFR + 8.50%, 12.5% Cash	07/22	01/26		—			(1)		(72)	—%	(7)(8)(13)(30)
Lifestyle Intermediate II, LLC	First Lien Senior Secured Term Loan	SOFR + 7.00%, 10.9% Cash	02/22	12/27		2,895			2,895		2,094	0.2%	(7)(8)(13)(28)
Momentum Textiles, LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	03/25	03/29		7,291			7,231		7,218	0.6%	(7)(8)(13)
Momentum Textiles, LLC	Revolver	SOFR + 5.50%, 9.2% Cash	03/25	03/29		—			(7)		(9)	—%	(7)(8)(13)(30)
Renovation Parent Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.0% Cash	11/21	11/27		4,660			4,622		4,609	0.4%	(7)(8)(13)
Team Air Distributing, LLC	Subordinated Term Loan	14.0% Cash	05/23	05/28		756			745		717	0.1%	(7)
Terrybear, Inc.	Subordinated Term Loan	10.0% Cash, 4.0% PIK	04/22	04/28		297			295		269	—%	(7)
Victoria Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 6.50%, 10.7% Cash	03/22	09/30		4,193			4,098		4,013	0.3%	(3)(7)(8)(16)
Subtotal Consumer goods: Durable (3.7%)*				45,443			44,982			42,863
Consumer goods: Non-durable
Bidwax	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 8.6% Cash	02/21	02/28		8,221			8,182		8,188	0.7%	(3)(7)(8)(11)
CCFF Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.1% Cash	02/24	02/30		6,009			5,905		5,953	0.5%	(7)(8)(14)(30)
CCFF Buyer, LLC	Revolver	SOFR + 5.00%, 9.1% Cash	02/24	02/30		—			(15)		(8)	—%	(7)(8)(14)(30)
David Wood Baking UK Ltd	First Lien Senior Secured Term Loan	SONIA + 10.00%, 14.0% Cash	04/24	04/29		925			827		862	0.1%	(3)(7)(8)(16)
Herbalife Ltd.	First Lien Senior Secured Term Loan	SOFR + 6.75%, 10.5% Cash	04/24	04/29		3,162			3,010		3,209	0.3%	(3)(8)(12)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Ice House America, L.L.C.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.9% Cash	01/24	01/30		$4,577			$4,499		$4,312	0.4%	(7)(8)(13)(30)
Ice House America, L.L.C.	Revolver	SOFR + 6.00%, 9.9% Cash	01/24	01/30		378			372		356	—%	(7)(8)(13)(30)
Modern Star Holdings Bidco Pty Limited	First Lien Senior Secured Term Loan	BBSY + 6.00%, 9.9% Cash	12/20	12/26		7,420			8,170		7,420	0.6%	(3)(7)(8)(19)(30)
Safety Products Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.6% Cash	12/20	12/28		9,422			9,396		9,422	0.8%	(7)(8)(13)
Subtotal Consumer goods: Non-durable (3.4%)*			40,114		40,346			39,714
Containers, Packaging, & Glass
BLI Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash	10/25	10/31		2,580			2,548		2,547	0.2%	(7)(8)(13)(30)
BLI Buyer, Inc.	Revolver	SOFR + 5.00%, 8.8% Cash	10/25	10/31		—			(6)		(6)	—%	(7)(8)(13)(30)
Diversified Packaging Holdings LLC	Second Lien Senior Secured Term Loan	11.0% Cash, 1.5% PIK	06/24	06/29		818			805		807	0.1%	(7)
Five Star Holding LLC	Second Lien Senior Secured Term Loan	SOFR + 7.25%, 11.1% Cash	05/22	05/30		13,692			13,521		13,692	1.2%	(7)(8)(13)
Media Recovery, Inc. (SpotSee)	First Lien Senior Secured Term Loan	SONIA + 4.50%, 8.2% Cash	09/24	09/30		3,468			3,416		3,468	0.3%	(7)(8)(15)
Media Recovery, Inc. (SpotSee)	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	09/24	09/30		1,771			1,750		1,771	0.2%	(7)(8)(13)
Media Recovery, Inc. (SpotSee)	Revolver	SOFR + 4.50%, 8.2% Cash	09/24	09/30		—			(8)		—	—%	(7)(8)(13)(30)
Media Recovery, Inc. (SpotSee)	Revolver	SONIA + 4.50%, 8.2% Cash	09/24	09/30		—			(10)		—	—%	(7)(8)(15)(30)
MSI Express Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	03/25	03/31		2,233			2,209		2,205	0.2%	(7)(8)(12)
MSI Express Inc.	Revolver	SOFR + 3.75%, 7.4% Cash	03/25	03/31		1,318			1,296		1,291	0.1%	(7)(8)(13)(30)
OG III B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 7.7% Cash	06/21	06/28		3,719			3,707		3,589	0.3%	(3)(7)(8)(10)
Tank Holding Corp	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.6% Cash	03/22	03/28		7,821			7,743		7,743	0.7%	(7)(8)(12)
Tank Holding Corp	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.8% Cash	05/23	03/28		3,009			2,963		2,985	0.3%	(7)(8)(12)
Tank Holding Corp	Revolver	SOFR + 5.75%, 9.6% Cash	03/22	03/28		—			(8)		(9)	—%	(7)(8)(12)(30)
Subtotal Containers, Packaging, & Glass (3.5%)*			40,429		39,926			40,083
Energy: Electricity
WWEC Holdings III Corp	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	10/22	10/28		12,122			11,977		12,049	1.0%	(7)(8)(13)
WWEC Holdings III Corp	Revolver	SOFR + 5.00%, 8.7% Cash	10/22	10/28		—			(29)		(15)	—%	(7)(8)(13)(30)
Subtotal Energy: Electricity (1.0%)*				12,122			11,948			12,034
Environmental Industries
CTS US Bidco, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.8% Cash	11/25	11/31		3,793			3,718		3,717	0.3%	(3)(7)(8)(13)
Entact Environmental Services, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	02/21	01/27		6,230			6,210		6,230	0.5%	(7)(8)(13)
Northstar Recycling, LLC	First Lien Senior Secured Term Loan	SOFR + 4.65%, 8.3% Cash	12/24	12/30		12,606			12,478		12,490	1.1%	(7)(8)(13)
Northstar Recycling, LLC	Revolver	SOFR + 4.65%, 8.3% Cash	12/24	12/30		—			(35)		(32)	—%	(7)(8)(13)(30)
Subtotal Environmental Industries (1.9%)*				22,629			22,371			22,405
Healthcare & Pharmaceuticals
A.T. Holdings II LTD	First Lien Senior Secured Term Loan	6.7% Cash, 7.6% PIK	11/22	09/29		13,999			11,875		7,546	0.7%	(3)(7)(31)
Amalfi Midco	Second Lien Senior Secured Term Loan	15.5% Cash	09/22	10/28		361			350		361	—%	(3)(7)
Amalfi Midco	Subordinated Loan Notes	2.0% Cash, 9.0% PIK	09/22	09/28		6,972			5,991		6,575	0.6%	(3)(7)
Astra Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.1% Cash	11/21	11/28		449			408		449	—%	(3)(7)(8)(10)

Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount	Cost	FairValue	% of Net Assets *	Notes
Astra Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.00%, 8.7% Cash	11/21	11/28	$2,604	$2,528	$2,604	0.2%	(3)(7)(8)(16)
Avance Clinical Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 4.50%, 8.2% Cash	11/21	11/27	1,609	1,683	1,609	0.1%	(3)(7)(8)(18)(30)
Canadian Orthodontic Partners Corp.	Super Senior Secured Term Loan	15.0% PIK	04/24	12/26	98	96	268	—%	(3)(7)(30)
Canadian Orthodontic Partners Corp.	First Lien Senior Secured Term Loan	CORRA + 7.00%, 10.3% PIK	06/21	12/26	2,100	1,850	161	—%	(3)(7)(8)(20)(26)
Ceres Pharma NV	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.1% Cash	10/21	10/28	3,636	3,306	3,593	0.3%	(3)(7)(8)(11)
Ceres Pharma NV	First Lien Senior Secured Term Loan	EURIBOR + 7.00%, 9.1% Cash	05/25	05/30	666	646	666	0.1%	(3)(7)(8)(11)(30)
Coherus Biosciences, Inc.	First Lien Senior Secured Term Loan	SOFR + 8.00%, 11.7% Cash	05/24	05/29	3,991	3,903	3,963	0.3%	(7)(8)(13)
EB Development	First Lien Senior Secured Term Loan	EURIBOR + 5.50%, 7.5% Cash	11/24	11/31	2,067	1,793	2,056	0.2%	(3)(7)(8)(10)(30)
Faraday	First Lien Senior Secured Term Loan	EURIBOR + 5.85%, 7.9% Cash	01/23	01/29	1,789	1,632	1,787	0.2%	(3)(7)(8)(10)
Finexvet	First Lien Senior Secured Term Loan	EURIBOR + 4.00%, 6.1% Cash, 3.3% PIK	03/22	03/29	5,489	5,070	5,077	0.4%	(3)(7)(8)(11)
Forest Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	03/24	03/30	6,087	6,016	6,054	0.5%	(7)(8)(13)
Forest Buyer, LLC	Revolver	SOFR + 5.00%, 8.7% Cash	03/24	03/30	—	(5)	(2)	—%	(7)(8)(13)(30)
GCDL LLC	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.6% Cash	08/24	08/30	507	501	501	—%	(7)(8)(13)(30)
GCDL LLC	Revolver	SOFR + 6.00%, 9.6% Cash	08/24	08/30	—	(1)	(1)	—%	(7)(8)(13)(30)
GPNZ II GmbH	First Lien Senior Secured Term Loan	10.0% PIK	06/22	06/29	509	477	239	—%	(3)(7)(30)
GPNZ II GmbH	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.0% PIK	06/22	06/29	505	444	—	—%	(3)(7)(8)(9)(26)
Groupe Product Life	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.0% Cash	10/22	10/29	555	467	447	—%	(3)(7)(8)(10)(30)
HeartHealth Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.25%, 8.9% Cash	09/22	09/28	811	771	714	0.1%	(3)(7)(8)(18)(30)
Heartland Veterinary Partners, LLC	Subordinated Term Loan	11.0% PIK	11/21	12/28	15,628	15,507	14,690	1.3%	(7)
HemaSource, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	08/23	08/29	2,496	2,449	2,467	0.2%	(7)(8)(12)(30)
HemaSource, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	08/23	08/29	—	(28)	(18)	—%	(7)(8)(12)(30)
Home Care Assistance, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.9% Cash, 1.0% PIK	03/21	09/27	3,794	3,721	3,225	0.3%	(7)(8)(13)
Jon Bidco Limited	First Lien Senior Secured Term Loan	BKBM + 4.00%, 6.5% Cash	07/25	03/27	1,554	1,720	1,533	0.1%	(3)(7)(8)(22)(30)
Keystone Bidco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.4% Cash	08/24	08/31	931	862	931	0.1%	(3)(7)(8)(11)(30)
Keystone Bidco B.V.	Revolver	EURIBOR + 5.25%, 7.4% Cash	08/24	05/31	11	9	11	—%	(3)(7)(8)(11)(30)
Lambir Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.1% Cash	12/21	12/28	2,425	2,275	2,327	0.2%	(3)(7)(8)(11)(30)
Lambir Bidco Limited	Second Lien Senior Secured Term Loan	12.0% PIK	12/21	06/29	2,350	2,213	2,164	0.2%	(3)(7)
Median B.V.	First Lien Senior Secured Term Loan	SONIA + 5.93%, 9.8% Cash	02/22	10/27	10,021	9,970	9,763	0.8%	(3)(8)(15)
Medical Solutions Parent Holdings, Inc.	Second Lien Senior Secured Term Loan	SOFR + 7.00%, 10.9% Cash	11/21	11/29	4,421	4,399	897	0.1%	(8)(13)
Moonlight Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.10%, 8.8% Cash	07/23	07/30	1,998	1,894	1,998	0.2%	(3)(7)(8)(15)(30)
Napa Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.00%, 8.7% Cash	03/22	03/28	13,420	14,329	13,420	1.2%	(3)(7)(8)(18)
NPM Investments 28 B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.18%, 7.2% Cash	09/22	10/29	2,393	2,004	2,393	0.2%	(3)(7)(8)(10)(30)
Ocular Therapeutix, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.75%, 10.6% Cash	08/23	07/29	3,930	3,850	4,826	0.4%	(3)(7)(8)(12)
Oracle Vision Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.00%, 9.0% Cash	06/21	06/28	3,079	3,188	2,925	0.3%	(3)(7)(8)(16)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Pare SAS (SAS Maurice MARLE)	First Lien Senior Secured Term Loan	EURIBOR + 5.15%, 7.2% Cash	12/19	12/26		$2,537		$2,399	$2,537	0.2%	(3)(7)(8)(10)
Pare SAS (SAS Maurice MARLE)	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.7% Cash	11/22	12/26		1,200		1,200	1,200	0.1%	(3)(7)(8)(13)
Parkview Dental Holdings LLC	First Lien Senior Secured Term Loan	SOFR + 8.25%, 12.0% Cash	10/23	10/29		29		29	29	—%	(7)(8)(12)
Parkview Dental Holdings LLC	First Lien Senior Secured Term Loan	SOFR + 8.30%, 12.0% Cash	10/23	10/29		595		587	592	0.1%	(7)(8)(12)
Sanoptis S.A.R.L.	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.0% Cash	06/22	07/29		4,359		3,753	4,258	0.4%	(3)(7)(8)(10)(30)
Sanoptis S.A.R.L.	First Lien Senior Secured Term Loan	SARON + 5.00%, 5.0% Cash	06/22	07/29		3,322		2,786	3,275	0.3%	(3)(7)(8)(24)
SCP CDH Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	12/25	12/31		6,975		6,885	6,885	0.6%	(7)(8)(13)(30)
SCP CDH Buyer, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	12/25	12/31		—		(10)	(10)	—%	(7)(8)(13)(30)
SCP Medical Products, LLC.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	06/25	06/31		2,034		2,010	2,022	0.4%	(7)(8)(13)
SCP Medical Products, LLC.	Revolver	SOFR + 4.75%, 8.4% Cash	06/25	06/31		—		(2)	(1)	0.4%	(7)(8)(13)(30)
Smile Brands Group Inc.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.9% Cash	10/18	10/27		5,347		5,323	4,577	0.4%	(7)(8)(13)
SSCP Pegasus Midco Limited	First Lien Senior Secured Term Loan	SONIA + 6.00%, 10.1% Cash	12/20	11/27		7,081		6,776	7,081	0.6%	(3)(7)(8)(15)
SSCP Spring Bidco 3 Limited	First Lien Senior Secured Term Loan	SONIA + 6.45%, 10.4% Cash	11/23	08/30		1,030		939	1,028	0.1%	(3)(7)(8)(16)
Swoop Intermediate III, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	04/25	04/32		1,977		1,960	1,977	0.1%	(7)(8)(12)(30)
Swoop Intermediate III, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	04/25	04/32		—		(4)	—	0.1%	(7)(8)(12)(30)
TA KHP Aggregator, L.P.	First Lien Senior Secured Term Loan	SOFR + 4.25%, 7.9% Cash	06/25	06/32		1,030		1,010	1,012	0.1%	(7)(8)(13)(30)
TA KHP Aggregator, L.P.	Revolver	SOFR + 4.25%, 7.9% Cash	06/25	06/32		—		(4)	(4)	0.1%	(7)(8)(13)(30)
TA KHP Aggregator, L.P.	Subordinated Term Loan	12.5% Cash	06/25	12/32		2,245		2,218	2,226	0.1%	(7)
Union Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 4.30%, 8.5% Cash	06/22	06/29		1,067		957	1,049	0.1%	(3)(7)(8)(16)
Unither (Uniholding)	First Lien Senior Secured Term Loan	EURIBOR + 4.70%, 6.7% Cash	03/23	03/30		472		415	471	—%	(3)(7)(8)(10)(30)
Unosquare, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	06/25	06/31		2,417		2,355	2,362	0.2%	(7)(8)(12)(30)
Unosquare, LLC	Revolver	SOFR + 4.75%, 8.5% Cash	06/25	06/31		—		(9)	(8)	—%	(7)(8)(12)(30)
VB Spine Intermediary II LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash, 4.4% PIK	03/25	04/30		46,007		44,441	44,443	3.8%	(7)(8)(13)
Subtotal Healthcare & Pharmaceuticals (16.8%)*			212,979		204,177		195,220
High Tech Industries
Argus Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 4.00%, 8.0% Cash, 3.2% PIK	07/22	07/29		1,906		1,666	1,752	0.2%	(3)(7)(8)(16)
Argus Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 4.00%, 6.1% Cash, 3.2% PIK	07/22	07/29		2,222		1,944	2,042	0.2%	(3)(7)(8)(11)
Argus Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 4.00%, 8.1% Cash, 3.2% PIK	07/22	07/29		138		136	127	—%	(3)(7)(8)(14)
Argus Bidco Limited	Second Lien Senior Secured Term Loan	10.5% PIK	07/22	07/29		1,086		934	974	0.1%	(3)(7)
Bitly, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.6% Cash	11/25	11/31		4,811		4,764	4,763	0.4%	(7)(8)(13)
Bitly, Inc.	Revolver	SOFR + 4.75%, 8.6% Cash	11/25	11/31		—		(2)	(2)	—%	(7)(8)(13)(30)
CH Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.2% Cash	05/25	05/31		872		858	872	0.1%	(7)(8)(13)
CH Buyer, LLC	Revolver	SOFR + 6.25%, 10.2% Cash	05/25	05/31		—		(1)	—	—%	(7)(8)(13)(30)

Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount	Cost	FairValue	% of Net Assets *	Notes
Contabo FincoS.À R.L	First Lien Senior Secured Term Loan	EURIBOR + 5.40%, 7.5% Cash	10/22	10/29	$5,469	$4,574	$5,469	0.5%	(3)(7)(8)(10)
CW Group Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	01/21	01/27	5,173	5,074	5,173	0.4%	(7)(8)(13)(30)
Discovery Buyer, L.P.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.6% Cash	02/25	02/32	17,078	16,859	16,904	1.5%	(7)(8)(13)(30)
Discovery Buyer, L.P.	Revolver	SOFR + 4.75%, 8.6% Cash	02/25	02/32	—	(20)	(16)	—%	(7)(8)(13)(30)
Durare Bidco, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.6% Cash	08/25	08/32	1,413	1,390	1,392	0.1%	(7)(8)(13)(30)
Durare Bidco, LLC	Revolver	SOFR + 4.75%, 8.6% Cash	08/25	08/32	—	(9)	(8)	—%	(7)(8)(13)(30)
Dwyer Instruments, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	07/21	07/29	14,476	14,319	14,476	1.2%	(7)(8)(13)
Eurofins Digital Testing International LUX Holding SARL	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.1% Cash, 1.0% PIK	12/22	12/29	714	443	581	0.1%	(3)(7)(8)(11)
Eurofins Digital Testing International LUX Holding SARL	First Lien Senior Secured Term Loan	SOFR + 6.00%, 10.7% Cash, 1.0% PIK	12/22	12/29	350	221	284	—%	(3)(7)(8)(13)
Eurofins Digital Testing International LUX Holding SARL	First Lien Senior Secured Term Loan	SONIA + 6.00%, 10.3% Cash, 1.0% PIK	12/22	12/29	1,099	651	894	0.1%	(3)(7)(8)(16)
Eurofins Digital Testing International LUX Holding SARL	Second Lien Senior Secured Term Loan	EURIBOR + 7.00%, 9.2% PIK	10/25	10/32	4,071	1,427	—	—%	(3)(7)(8)(11)
EZ SMBO Bidco	First Lien Senior Secured Term Loan	CORRA + 5.00%, 7.8% Cash	04/25	04/32	927	912	916	0.1%	(3)(7)(8)(20)
EZ SMBO Bidco	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.3% Cash	04/25	04/32	576	520	561	—%	(3)(7)(8)(11)(30)
EZ SMBO Bidco	First Lien Senior Secured Term Loan	8.0% PIK	04/25	04/32	683	627	675	0.1%	(3)(7)
FSS Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	04/25	08/31	9,337	9,337	9,337	0.8%	(7)(8)(12)
Haystack Holdings LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	01/25	01/28	6,577	6,501	6,566	0.6%	(7)(8)(14)(30)
Haystack Holdings LLC	Revolver	SOFR + 4.75%, 8.4% Cash	01/25	01/28	—	(10)	(1)	—%	(7)(8)(14)(30)
Heavy Construction Systems Specialists, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	11/21	11/28	7,147	7,092	7,147	0.6%	(7)(8)(13)
Heavy Construction Systems Specialists, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	11/21	11/27	—	(17)	—	—%	(7)(8)(13)(30)
HW Holdco, LLC (Hanley Wood LLC)	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.8% Cash	12/18	05/26	10,132	10,116	10,132	0.9%	(7)(8)(13)
Lattice Group Holdings Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.5% Cash	05/22	05/29	738	716	731	0.1%	(3)(7)(8)(14)(30)
Lattice Group Holdings Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.50%, 9.5% Cash	05/22	05/29	155	155	154	—%	(3)(7)(8)(16)
Lattice Group Holdings Bidco Limited	Revolver	SOFR + 5.50%, 9.5% Cash	05/22	11/28	18	17	18	—%	(3)(7)(8)(14)(30)
Maia Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	12/25	11/32	2,508	2,465	2,464	0.2%	(3)(7)(8)(13)
Maia Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.25%, 9.2% Cash	12/25	11/32	873	843	846	0.1%	(3)(7)(8)(15)(30)
Maia Bidco Limited	Revolver	SONIA + 5.25%, 9.2% Cash	12/25	11/32	—	(6)	—	—%	(3)(7)(8)(15)(30)
NAW Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	09/23	09/29	12,903	12,612	12,816	1.1%	(7)(8)(13)(30)
NAW Buyer LLC	Revolver	SOFR + 4.75%, 8.4% Cash	09/23	09/29	—	(29)	(9)	—%	(7)(8)(13)(30)
NeoxCo	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 9.1% Cash	01/23	01/30	2,808	2,535	2,808	0.2%	(3)(7)(8)(11)
Next Holdco, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.1% Cash	11/23	11/30	22,150	21,937	22,055	1.9%	(7)(8)(13)
Next Holdco, LLC	Revolver	SOFR + 5.25%, 9.1% Cash	11/23	11/29	—	(7)	(3)	—%	(7)(8)(13)(30)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
ORTEC INTERNATIONAL NEWCO B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.3% Cash	12/23	12/30	$1,074		$979		$1,074	0.1%	(3)(7)(8)(10)
OSP Hamilton Purchaser, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.1% Cash	12/21	12/29	18,245		18,059		18,094	1.6%	(7)(8)(13)
OSP Hamilton Purchaser, LLC	Revolver	SOFR + 5.25%, 9.1% Cash	12/21	12/29	687		669		672	0.1%	(7)(8)(13)(30)
OSP Lakeside Intermediate Holdings 2, LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	10/25	10/31	4,265		4,202		4,201	0.4%	(7)(8)(12)
OSP Lakeside Intermediate Holdings 2, LLC	Revolver	SOFR + 5.50%, 9.2% Cash	10/25	10/31	—		(11)		(11)	—%	(7)(8)(12)(30)
PDQ.Com Corporation	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	08/21	10/32	13,320		13,236		13,253	1.1%	(7)(8)(13)
PowerGEM Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash	11/24	11/31	4,903		4,858		4,867	0.4%	(7)(8)(13)(30)
PowerGEM Buyer, Inc.	Revolver	SOFR + 5.00%, 8.8% Cash	11/24	11/31	—		(5)		(4)	—%	(7)(8)(13)(30)
ProfitOptics, LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.6% Cash	03/22	03/28	1,595		1,583		1,595	0.1%	(7)(8)(12)
ProfitOptics, LLC	Revolver	SOFR + 5.75%, 9.6% Cash	03/22	03/28	—		(4)		—	—%	(7)(8)(12)(30)
ProfitOptics, LLC	Senior Subordinated Term Loan	8.0% Cash	03/22	03/29	81		81		78	—%	(7)
Pro-Vision Solutions Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	09/24	09/30	7,709		7,618		7,678	0.7%	(7)(8)(12)
Pro-Vision Solutions Holdings, LLC	Revolver	SOFR + 4.50%, 8.2% Cash	09/24	09/30	145		122		137	—%	(7)(8)(12)(30)
PSP Intermediate 4, LLC	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.3% Cash	05/22	05/29	960		853		960	0.1%	(3)(7)(8)(10)
PSP Intermediate 4, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.4% Cash	05/22	05/29	1,411		1,397		1,411	0.1%	(3)(7)(8)(13)
RA Outdoors, LLC	First Lien Senior Secured Term Loan	SOFR + 6.75%, 11.1% PIK	02/22	06/27	15,229		14,971		9,785	0.8%	(7)(8)(14)(26)(28)
RA Outdoors, LLC	Revolver	SOFR + 6.75%, 11.1% PIK	02/22	06/27	1,430		1,430		919	0.1%	(7)(8)(14)(26)(28)
Saab Purchaser, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	11/24	11/31	13,628		13,509		13,505	1.2%	(7)(8)(13)
Saab Purchaser, Inc.	Revolver	SOFR + 4.75%, 8.4% Cash	11/24	11/31	—		(20)		(22)	—%	(7)(8)(13)(30)
Scout Bidco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 7.8% Cash	05/22	05/29	3,752		3,374		3,456	0.3%	(3)(7)(8)(11)
Scout Bidco B.V.	First Lien Senior Secured Term Loan	SOFR + 5.75%, 10.0% Cash	08/23	05/29	443		443		408	—%	(3)(7)(8)(14)
Scout Bidco B.V.	Revolver	EURIBOR + 5.50%, 7.5% Cash	05/22	05/29	453		443		364	—%	(3)(7)(8)(11)(30)
Sinari Invest	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 8.5% Cash	07/23	07/30	2,146		1,951		1,872	0.2%	(3)(7)(8)(10)(30)
Sonicwall US Holdings Inc	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	06/25	05/28	2,887		2,838		1,844	0.2%	(8)(13)
Syntax Midco 2 Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	10/25	10/32	2,640		2,600		2,599	0.2%	(7)(8)(12)(30)
Syntax Midco 2 Inc.	Revolver	SOFR + 4.75%, 8.5% Cash	10/25	10/32	830		798		797	0.1%	(7)(8)(12)(30)
White Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.6% Cash	10/23	10/30	2,275		2,232		2,247	0.2%	(3)(7)(8)(13)
Zelda Luxco S.A.S	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.2% Cash	07/25	07/32	1,752		1,688		1,707	0.1%	(3)(7)(8)(11)(30)
Subtotal High Tech Industries (19.5%)*				240,270		231,438		226,376
Hotel, Gaming, & Leisure
Featherstone Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.9% Cash	11/25	05/31	1,009		1,009		1,009	0.1%	(3)(7)(8)(13)
Featherstone Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 6.00%, 9.8% Cash	05/25	05/31	1,307		1,265		1,307	0.1%	(3)(7)(8)(16)
Subtotal Hotel, Gaming, & Leisure (0.2%)*				2,316		2,274		2,316

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Media: Advertising, Printing, & Publishing
ASC Communications, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	07/22	07/28		$5,206			$5,176		$5,171	0.4%	(7)(8)(12)
ASC Communications, LLC	Revolver	SOFR + 4.50%, 8.2% Cash	07/22	07/28		—			(5)		(7)	—%	(7)(8)(12)(30)
Superjet Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash	12/21	05/30		4,291			4,244		4,249	0.4%	(7)(8)(13)(30)
Superjet Buyer, LLC	Revolver	SOFR + 5.00%, 8.8% Cash	12/21	05/30		—			(13)		(13)	—%	(7)(8)(13)(30)
Subtotal Media: Advertising, Printing, & Publishing (0.8%)*			9,497		9,402			9,400
Media: Broadcasting & Subscription
Music Reports, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.3% Cash	08/20	08/26		6,923			6,900		6,791	0.6%	(7)(8)(13)
The Octave Music Group, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	06/24	03/29		60			60		58	—%	(8)(13)
Subtotal Media: Broadcasting & Subscription (0.6%)*			6,983		6,960			6,849
Media: Diversified & Production
BrightSign LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	10/21	10/27		5,023			5,005		5,023	0.4%	(7)(8)(12)
BrightSign LLC	Revolver	SOFR + 5.25%, 9.0% Cash	10/21	10/27		997			993		997	0.1%	(7)(8)(12)(30)
CM Acquisitions Holdings Inc.	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.1% Cash, 2.5% PIK	05/19	04/28		11,452			11,442		11,452	1.0%	(7)(8)(14)
Footco 40 Limited	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 8.5% Cash	04/22	04/29		247			223		247	—%	(3)(7)(8)(10)
Footco 40 Limited	First Lien Senior Secured Term Loan	SONIA + 6.50%, 10.2% Cash	04/22	04/29		1,718			1,645		1,714	0.1%	(3)(7)(8)(15)
Murphy Midco Limited	First Lien Senior Secured Term Loan	SONIA + 5.75%, 10.0% Cash	11/20	11/27		1,762			1,724		1,570	0.1%	(3)(7)(8)(16)
Rock Labor LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	09/23	09/29		6,471			6,335		6,471	0.6%	(7)(8)(12)
Rock Labor LLC	Revolver	SOFR + 5.50%, 9.2% Cash	09/23	09/29		—			(21)		—	—%	(7)(8)(12)(30)
Screenvision, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.9% Cash	04/25	04/30		5,184			5,092		5,095	0.4%	(7)(8)(13)
Screenvision, LLC	Revolver	SOFR + 5.00%, 8.9% Cash	04/25	04/30		—			(11)		(11)	—%	(7)(8)(13)(30)
Screenvision, LLC	Second Lien Senior Secured Term Loan	SOFR + 8.50%, 12.4% Cash	04/25	04/30		33,697			32,487		32,534	2.8%	(7)(8)(13)
Solo Buyer, L.P.	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.0% Cash	12/22	11/29		15,177			14,930		14,798	1.3%	(7)(8)(13)
Solo Buyer, L.P.	Revolver	SOFR + 6.25%, 10.0% Cash	12/22	12/28		864			840		814	0.1%	(7)(8)(13)(30)
Vital Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.3% Cash	06/21	06/30		13,285			13,172		13,232	1.1%	(7)(8)(13)
Subtotal Media: Diversified & Production (8.1%)*			95,877		93,856			93,936
Metals & Mining
Arch Global Precision LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	04/19	04/26		8,873			8,873		8,376	0.7%	(7)(8)(13)
Subtotal Metals & Mining (0.7%)*				8,873			8,873			8,376
Services: Business
Accelevation LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.4% Cash	01/25	01/31		1,221			1,201		1,221	0.1%	(7)(8)(12)(30)
Accelevation LLC	Revolver	SOFR + 4.50%, 8.4% Cash	01/25	01/31		159			147		159	—%	(7)(8)(12)(30)
Acclime Holdings HK Limited	First Lien Senior Secured Term Loan	SOFR + 6.23%, 10.3% Cash	08/21	08/27		7,266			7,169		7,266	0.6%	(3)(7)(8)(13)
Acclime Holdings HK Limited	Subordinated Term Loan	15.0% Cash	05/25	04/30		234			230		234	—%	(3)(7)
Acogroup	First Lien Senior Secured Term Loan	EURIBOR + 2.90%, 6.4% PIK, 4.0% PIK	03/22	04/28		8,698			8,051		3,349	0.3%	(3)(7)(8)(10)(26)
AD Bidco, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	03/24	03/30		13,120			12,866		13,120	1.1%	(7)(8)(13)(30)
AD Bidco, Inc.	Revolver	SOFR + 5.25%, 9.0% Cash	03/24	03/30		—			(23)		—	—%	(7)(8)(13)(30)

Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount	Cost	FairValue	% of Net Assets *	Notes
Adhefin International	First Lien Senior Secured Term Loan	EURIBOR + 5.10%, 7.1% Cash	05/23	05/30	$2,376	$2,202	$2,311	0.2%	(3)(7)(8)(10)(30)
AlliA Insurance Brokers NV	First Lien Senior Secured Term Loan	EURIBOR + 7.00%, 9.1% Cash	03/23	03/30	5,510	4,938	5,510	0.5%	(3)(7)(8)(11)
Apex Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 7.00%, 10.8% Cash	01/20	01/27	3,437	3,228	3,403	0.3%	(3)(7)(8)(15)
Apex Bidco Limited	Subordinated Senior Unsecured Term Loan	9.0% PIK	01/20	07/27	388	374	371	—%	(3)(7)
ARC Interco Purchaser, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	11/25	11/31	3,016	2,974	2,974	0.3%	(7)(8)(13)(30)
ARC Interco Purchaser, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	11/25	11/31	—	(7)	(7)	—%	(7)(8)(13)(30)
Artemis Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.0% Cash	11/24	11/31	629	564	618	0.1%	(3)(7)(8)(10)(30)
Auxi International	First Lien Senior Secured Term Loan	EURIBOR + 6.25%, 8.3% Cash	12/19	12/26	1,644	1,545	1,562	0.1%	(3)(7)(8)(10)
Auxi International	First Lien Senior Secured Term Loan	SONIA + 6.25%, 9.9% Cash	04/21	12/26	901	913	856	0.1%	(3)(7)(8)(15)
Azalea Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.1% Cash	11/21	11/27	4,738	4,707	4,738	0.4%	(7)(8)(12)
Azalea Buyer, Inc.	Revolver	SOFR + 5.25%, 9.1% Cash	11/21	11/27	—	(3)	—	—%	(7)(8)(12)(30)
Azalea Buyer, Inc.	Subordinated Term Loan	12.0% PIK	11/21	05/28	2,042	2,031	2,042	0.2%	(7)
Basin Innovation Group, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	12/24	12/30	7,665	7,563	7,665	0.7%	(7)(8)(14)(30)
Basin Innovation Group, LLC	Revolver	SOFR + 4.75%, 8.5% Cash	12/24	12/30	—	(23)	—	—%	(7)(8)(14)(30)
BNI Global, LLC	First Lien Senior Secured Term Loan	EURIBOR + 5.50%, 7.4% Cash	02/24	05/27	10,598	9,680	10,598	0.9%	(7)(8)(9)
Bounteous, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	08/21	08/29	4,064	4,040	4,064	0.4%	(7)(8)(12)
British Engineering Services Holdco Limited	First Lien Senior Secured Term Loan	SONIA + 4.00%, 8.5% Cash, 3.8% PIK	12/20	12/28	16,281	16,080	13,936	1.2%	(3)(7)(8)(16)
Broadway Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	12/25	12/32	2,174	2,136	2,136	0.2%	(7)(8)(13)(30)
Broadway Buyer, LLC	Revolver	SOFR + 4.50%, 8.2% Cash	12/25	12/32	—	(10)	(10)	—%	(7)(8)(13)(30)
Caldwell & Gregory LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	09/24	09/30	14,437	14,257	14,308	1.2%	(7)(8)(13)(30)
Caldwell & Gregory LLC	Revolver	SOFR + 4.75%, 8.4% Cash	09/24	09/30	—	(30)	(22)	—%	(7)(8)(13)(30)
CGI Parent, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.4% Cash	02/22	02/28	13,515	13,358	13,515	1.2%	(7)(8)(13)
CGI Parent, LLC	Revolver	SOFR + 4.50%, 8.4% Cash	02/22	02/28	—	(12)	—	—%	(7)(8)(13)(30)
CloudOne Digital Corp.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.2% Cash	08/25	08/31	12,293	12,147	12,160	1.0%	(7)(8)(13)
CloudOne Digital Corp.	Revolver	SOFR + 5.00%, 9.2% Cash	08/25	08/31	—	(32)	(29)	—%	(7)(8)(13)(30)
CMT Opco Holding, LLC (Concept Machine)	First Lien Senior Secured Term Loan	SOFR + 6.00%, 10.0% Cash, 1.0% PIK	01/20	01/27	4,061	4,048	3,489	0.3%	(7)(8)(13)
CMT Opco Holding, LLC (Concept Machine)	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.2% Cash, 0.3% PIK	01/20	01/27	661	657	568	—%	(7)(8)(13)
Comply365, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.9% Cash	04/22	12/29	7,505	7,440	7,505	0.6%	(7)(8)(13)
Comply365, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.2% Cash	04/22	12/29	3,278	3,230	3,278	0.3%	(7)(8)(13)
Comply365, LLC	Revolver	SOFR + 5.00%, 8.9% Cash	04/22	12/29	293	282	293	—%	(7)(8)(13)(30)
Coyo Uprising GmbH	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 8.6% Cash, 0.3% PIK	09/21	09/28	5,620	5,448	5,477	0.5%	(3)(7)(8)(11)(30)
DISA Holdings Corp.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.6% Cash	11/22	09/28	6,880	6,773	6,880	0.6%	(7)(8)(13)
DISA Holdings Corp.	Revolver	SOFR + 5.00%, 8.6% Cash	11/22	09/28	114	108	114	—%	(7)(8)(13)(30)

Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount	Cost	FairValue	% of Net Assets *	Notes
Dunlipharder B.V.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.2% Cash	06/22	06/28	$1,000	$993	$1,000	0.1%	(3)(7)(8)(13)
EFC International	Senior Unsecured Term Loan	11.0% Cash, 2.5% PIK	03/23	05/28	826	810	820	0.1%	(7)
Electric Equipment & Engineering Co.	First Lien Senior Secured Term Loan	13.5% Cash	12/24	12/30	318	313	318	—%	(7)
Events Software BidCo Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 6.50%, 10.2% Cash	03/22	03/28	1,659	1,826	1,470	0.1%	(3)(7)(8)(18)(30)
Expert Institute Group Inc.	First Lien Senior Secured Term Loan	SOFR + 4.25%, 8.1% Cash	03/25	03/32	1,093	1,067	1,071	0.1%	(7)(8)(14)(30)
Expert Institute Group Inc.	Revolver	SOFR + 4.25%, 8.1% Cash	03/25	03/32	—	(6)	(5)	—%	(7)(8)(14)(30)
Greenhill II BV	First Lien Senior Secured Term Loan	EURIBOR + 5.35%, 7.4% Cash	07/22	07/29	1,762	1,579	1,762	0.2%	(3)(7)(8)(10)(30)
HEKA Invest	First Lien Senior Secured Term Loan	EURIBOR + 6.20%, 8.2% Cash	10/22	10/29	5,501	4,525	5,501	0.5%	(3)(7)(8)(10)
HS Advisory Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	03/25	03/30	2,260	2,223	2,231	0.2%	(7)(8)(13)(30)
HS Advisory Buyer LLC	Revolver	SOFR + 4.50%, 8.2% Cash	03/25	03/30	—	(8)	(6)	—%	(7)(8)(13)(30)
HSL Compliance	First Lien Senior Secured Term Loan	SONIA + 5.25%, 9.0% Cash	03/25	03/32	3,150	2,932	3,061	0.3%	(3)(7)(8)(15)(30)
Hydratech Holdings, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	09/24	12/29	9,014	8,934	8,922	0.8%	(7)(8)(13)(30)
Hydratech Holdings, Inc.	Revolver	SOFR + 5.25%, 8.9% Cash	09/24	12/29	683	672	671	0.1%	(7)(8)(13)(30)
Infoniqa Holdings GmbH	First Lien Senior Secured Term Loan	EURIBOR + 4.75%, 6.8% Cash	11/21	11/28	3,086	2,934	3,086	0.3%	(3)(7)(8)(11)
Interstellar Group B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.25%, 8.3% Cash	08/22	08/29	1,834	1,630	1,637	0.1%	(3)(7)(8)(10)(30)
Isolstar Holding NV (IPCOM)	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.3% Cash	10/22	10/29	5,862	4,857	5,788	0.5%	(3)(7)(8)(10)
LeadsOnline, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	02/22	02/28	9,965	9,896	9,915	0.9%	(7)(8)(13)
LeadsOnline, LLC	Revolver	SOFR + 4.50%, 8.2% Cash	02/22	02/28	—	(16)	(13)	—%	(7)(8)(13)(30)
LHS Borrower, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.2% Cash	08/25	09/31	9,142	9,010	9,019	0.8%	(7)(8)(12)
LHS Borrower, LLC	Revolver	SOFR + 5.25%, 9.2% Cash	08/25	09/31	99	87	88	—%	(7)(8)(12)(30)
Long Term Care Group, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 10.1% Cash	04/22	09/27	8,771	8,706	8,464	0.7%	(7)(8)(13)
MB Purchaser, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	01/24	01/30	3,822	3,766	3,771	0.3%	(7)(8)(12)(30)
MB Purchaser, LLC	Revolver	SOFR + 4.75%, 8.5% Cash	01/24	01/30	—	(8)	(8)	—%	(7)(8)(12)(30)
MC Group Ventures Corporation	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.2% Cash	06/24	06/27	5,066	5,004	4,829	0.4%	(7)(8)(13)(30)
MC Group Ventures Corporation	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.4% Cash	07/21	06/27	4,323	4,296	4,236	0.4%	(7)(8)(13)(30)
MIV Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	09/25	09/31	3,073	3,021	3,024	0.3%	(7)(8)(13)(30)
MIV Buyer, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	09/25	09/31	180	174	174	—%	(7)(8)(13)(30)
NF Holdco, LLC	First Lien Senior Secured Term Loan	SOFR + 6.50%, 10.2% Cash	03/23	04/29	6,219	6,102	5,921	0.5%	(7)(8)(13)
NF Holdco, LLC	Revolver	SOFR + 6.50%, 10.2% Cash	03/23	04/29	475	457	422	—%	(7)(8)(13)(30)
Origin Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.1% Cash	06/21	06/28	348	356	345	—%	(3)(7)(8)(10)
Origin Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.1% Cash	06/21	06/28	533	527	529	—%	(3)(7)(8)(13)
Patriot New Midco 1 Limited (Forensic Risk Alliance)	First Lien Senior Secured Term Loan	EURIBOR + 5.50%, 7.6% Cash	02/20	06/26	2,115	1,959	2,115	0.2%	(3)(7)(8)(10)
Patriot New Midco 1 Limited (Forensic Risk Alliance)	First Lien Senior Secured Term Loan	SOFR + 5.30%, 9.5% Cash	02/20	06/26	2,397	2,391	2,397	0.2%	(3)(7)(8)(13)
Qima Finance LTD	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.4% Cash	07/25	07/32	2,865	2,791	2,799	0.2%	(3)(7)(8)(13)(30)

Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount	Cost	FairValue	% of Net Assets *	Notes
Real Chemistry Intermediate III, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	04/25	04/32	$4,078	$4,061	$4,058	0.3%	(7)(8)(13)(30)
Real Chemistry Intermediate III, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	04/25	04/32	—	(4)	(4)	—%	(7)(8)(13)(30)
Recovery Point Systems, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.8% Cash	08/20	02/28	11,176	11,152	11,176	1.0%	(7)(8)(14)
RKD Group, LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.4% Cash	05/25	05/31	12,159	12,020	12,039	1.0%	(7)(8)(13)(30)
RKD Group, LLC	Revolver	SOFR + 5.50%, 9.4% Cash	05/25	05/31	—	(11)	(10)	—%	(7)(8)(13)(30)
ROI Solutions LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	10/24	10/29	9,194	9,037	9,078	0.8%	(7)(8)(13)(30)
ROI Solutions LLC	Revolver	SOFR + 5.00%, 8.7% Cash	10/24	10/29	—	(41)	(32)	—%	(7)(8)(13)(30)
RPX Corporation	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.3% Cash	08/24	08/30	21,701	21,435	21,484	1.9%	(7)(8)(12)
RPX Corporation	Revolver	SOFR + 5.50%, 9.3% Cash	08/24	08/30	—	(35)	(30)	—%	(7)(8)(12)(30)
Ruby Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.25%, 9.0% Cash	12/25	08/30	1,713	1,655	1,654	0.1%	(3)(7)(8)(18)(30)
Sansidor BV	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.0% Cash	09/24	09/31	1,077	1,018	1,059	0.1%	(3)(7)(8)(10)
Sapphire Bidco S.A.R.L.	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.0% Cash	10/25	04/32	1,844	1,774	1,793	0.2%	(3)(7)(8)(10)(30)
SBP Holdings LP	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	03/23	03/28	8,628	8,438	8,615	0.7%	(7)(8)(12)(30)
SBP Holdings LP	Revolver	SOFR + 5.00%, 8.7% Cash	03/23	03/28	—	(31)	(3)	—%	(7)(8)(12)(30)
Scaled Agile, Inc.	First Lien Senior Secured Term Loan	SOFR + 2.25%, 6.0% Cash, 3.8% PIK	12/21	12/28	1,833	1,817	1,558	0.1%	(7)(8)(13)
Scaled Agile, Inc.	Revolver	SOFR + 2.25%, 6.0% Cash, 3.8% PIK	12/21	12/28	345	343	294	—%	(7)(8)(13)
SmartShift Group, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.6% Cash	09/23	09/29	12,814	12,597	12,814	1.1%	(7)(8)(14)
SmartShift Group, Inc.	Revolver	SOFR + 5.00%, 8.6% Cash	09/23	09/29	—	(26)	—	—%	(7)(8)(14)(30)
Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.)	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	11/22	05/28	2,668	2,651	2,655	0.2%	(7)(8)(13)
Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.)	Revolver	SOFR + 4.75%, 8.4% Cash	11/22	03/27	—	(1)	(1)	—%	(7)(8)(13)(30)
Starnmeer B.V.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.4% Cash	10/21	04/27	2,500	2,490	2,475	0.2%	(3)(7)(8)(14)
Sunrise Acquisition Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.25%, 9.2% Cash	11/25	11/32	1,953	1,826	1,875	0.2%	(3)(7)(8)(15)(30)
TA SL Cayman Aggregator Corp.	Subordinated Term Loan	SOFR + 7.75%, 11.9% PIK	07/21	07/28	3,148	3,133	3,148	0.3%	(7)(14)
Tanqueray Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.25%, 9.2% Cash	11/22	11/29	1,825	1,515	1,779	0.2%	(3)(7)(8)(15)(30)
Technology Service Stream BidCo Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.00%, 8.8% Cash	06/24	07/30	833	809	821	0.1%	(3)(7)(8)(18)(30)
Techone B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.40%, 7.4% Cash	11/21	11/28	4,127	3,831	4,114	0.4%	(3)(7)(8)(10)
Techone B.V.	Revolver	EURIBOR + 5.40%, 7.4% Cash	11/21	05/28	—	(23)	(2)	—%	(3)(7)(8)(10)(30)
Trintech, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	07/23	07/29	6,825	6,687	6,798	0.6%	(7)(8)(12)
Trintech, Inc.	Revolver	SOFR + 5.50%, 9.2% Cash	07/23	07/29	153	142	151	—%	(7)(8)(12)(30)
TSYL Corporate Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.3% Cash	12/22	12/31	16,833	16,620	16,833	1.5%	(7)(8)(13)(30)
TSYL Corporate Buyer, Inc.	Revolver	SOFR + 4.50%, 8.3% Cash	12/22	12/31	—	(5)	—	—%	(7)(8)(13)(30)
Turnberry Solutions, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.6% Cash	07/21	03/28	4,824	4,810	4,824	0.4%	(7)(8)(12)
UBC Ledgers Holding AB	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.3% Cash	07/24	12/30	769	709	769	0.1%	(3)(7)(8)(10)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
UBC Ledgers Holding AB	First Lien Senior Secured Term Loan	STIBOR + 5.25%, 7.1% Cash	12/23	12/30	$1,738		$1,494		$1,738	0.1%	(3)(7)(8)(21)(30)
UHY Advisors, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.6% Cash	11/24	11/31	8,295		8,190		8,295	0.7%	(7)(8)(13)(30)
UHY Advisors, Inc.	Revolver	SOFR + 4.75%, 8.6% Cash	11/24	11/31	1,013		991		1,013	0.1%	(7)(8)(13)(30)
USLS Acquisition, Inc. (f/k/a US Legal Support, Inc.)	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.3% Cash	11/18	06/26	17,906		17,856		17,906	1.5%	(7)(8)(12)
Utac Ceram	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 7.9% Cash, 2.4% PIK	09/20	09/27	1,837		1,804		1,837	0.2%	(3)(7)(8)(10)
Utac Ceram	First Lien Senior Secured Term Loan	SOFR + 4.00%, 7.7% Cash, 2.4% PIK	02/21	09/27	3,668		3,646		3,668	0.3%	(3)(7)(8)(13)
World 50, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.7% Cash	03/24	03/30	13,757		13,547		13,757	1.2%	(7)(8)(14)
World 50, Inc.	Revolver	SOFR + 4.50%, 8.7% Cash	03/24	03/30	—		(14)		—	—%	(7)(8)(14)(30)
Xeinadin Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 5.50%, 7.6% Cash	05/22	05/29	329		305		329	—%	(3)(7)(8)(11)
Xeinadin Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.50%, 9.5% Cash	05/22	05/29	9,465		8,694		9,465	0.8%	(3)(7)(8)(16)
Xeinadin Bidco Limited	Subordinated Term Loan	SONIA + 11.00%, 15.0% PIK	05/22	05/29	4,499		4,138		4,431	0.4%	(3)(7)(16)
Subtotal Services: Business (38.4%)*				457,786		445,091		445,227
Services: Consumer
Application Boot Camp LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	04/25	04/31	1,215		1,199		1,201	0.1%	(7)(8)(13)
Application Boot Camp LLC	Revolver	SOFR + 5.00%, 8.7% Cash	04/25	04/31	—		(5)		(6)	—%	(7)(8)(13)(30)
Application Boot Camp LLC	Subordinated Term Loan	14.0% Cash	04/25	04/30	82		82		82	—%	(7)
Arc Education	First Lien Senior Secured Term Loan	EURIBOR + 4.00%, 6.0% Cash	07/22	07/29	991		892		962	0.1%	(3)(7)(8)(11)(30)
Archimede	First Lien Senior Secured Term Loan	EURIBOR + 7.00%, 9.0% Cash	10/20	10/27	6,929		6,524		6,354	0.5%	(3)(7)(8)(10)
Bariacum S.A.	First Lien Senior Secured Term Loan	EURIBOR + 4.00%, 6.0% PIK	11/21	11/28	3,523		3,272		655	0.1%	(3)(7)(8)(10)(26)
Bariacum S.A.	First Lien Senior Secured Term Loan	EURIBOR + 9.50%, 11.5% Cash	12/25	12/26	47		47		47	—%	(3)(7)(8)(10)
Bariacum S.A.	First Lien Senior Secured Term Loan	EURIBOR + 9.50%, 11.5% PIK	12/25	12/30	376		376		376	—%	(3)(7)(8)(10)
Cascade Residential Services LLC	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.7% Cash	10/23	10/29	4,601		4,527		4,537	0.4%	(7)(8)(13)
Cascade Residential Services LLC	Revolver	SOFR + 6.00%, 9.7% Cash	10/23	10/29	—		(5)		(5)	—%	(7)(8)(13)(30)
CEC Entertainment, LLC	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.7% Cash	09/25	09/30	3,478		3,428		3,429	0.3%	(7)(8)(13)
Express Wash Acquisition Company, LLC	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.2% Cash	04/25	04/31	3,269		3,240		3,096	0.3%	(7)(8)(13)
Express Wash Acquisition Company, LLC	Revolver	SOFR + 6.25%, 10.2% Cash	04/25	04/31	—		(2)		(10)	—%	(7)(8)(13)(30)
FL Hawk Intermediate Holdings, Inc. (f/k/a/ Fineline Technologies, Inc.)	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	10/24	02/30	6,938		6,911		6,903	0.6%	(7)(8)(12)
Global Academic Group Limited	First Lien Senior Secured Term Loan	BBSY + 4.91%, 8.6% Cash	07/22	07/27	2,697		2,769		2,697	0.2%	(3)(7)(8)(18)
Global Academic Group Limited	First Lien Senior Secured Term Loan	BKBM + 4.91%, 7.5% Cash	07/22	07/27	632		670		632	0.1%	(3)(7)(8)(22)
HomeX Services Group LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	11/23	11/29	1,910		1,882		1,899	0.2%	(7)(8)(12)(30)
HomeX Services Group LLC	Revolver	SOFR + 4.50%, 8.2% Cash	11/23	12/31	34		29		32	—%	(7)(8)(12)(30)
InvoCare Limited	First Lien Senior Secured Term Loan	BBSY + 5.00%, 8.7% Cash	11/23	11/29	2,159		2,072		2,159	0.2%	(3)(7)(8)(18)(30)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Kid Distro Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 9.2% Cash	10/21	10/29	$13,020		$12,959		$13,020	1.1%	(7)(8)(14)
Marmoutier Holding B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 8.6% Cash	06/25	12/28	93		92		63	—%	(3)(7)(8)(11)(30)
Marmoutier Holding B.V.	Revolver	EURIBOR + 5.50%, 7.6% Cash	12/21	06/27	187		157		146	—%	(3)(7)(8)(10)
Marmoutier Holding B.V.	Super Senior Secured Term Loan	EURIBOR + 6.25%, 8.4% Cash	03/24	12/28	213		184		166	—%	(3)(7)(8)(10)
Premium Franchise Brands, LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.6% Cash	12/20	12/26	10,113		10,050		10,012	0.9%	(7)(8)(14)
QPE7 SPV1 BidCo Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.00%, 8.6% Cash	09/21	09/26	1,839		1,981		1,829	0.2%	(3)(7)(8)(17)
Selenium Designated Activity Company	First Lien Senior Secured Term Loan	EURIBOR + 5.13%, 7.2% Cash	03/25	03/32	3,219		2,909		3,163	0.3%	(3)(7)(8)(10)
Subtotal Services: Consumer (5.5%)*				67,565		66,240		63,439
Structured Product
AMMC CLO 22, Limited Series 2018-22A	Subordinated Structured Notes	Residual Interest, current yield 0.00%	02/22	04/31	7,222		381		—	—%	(3)(7)(28)(29)
Apidos CLO XXIV, Series 2016-24A	Subordinated Structured Notes	Residual Interest, current yield 0.00%	02/22	07/27	18,358		3,464		2,755	0.2%	(3)(28)
Catawba River Limited	Structured - Junior Note	N/A	10/22	10/31	4,598		3,900		1,868	0.2%	(3)(7)(29)
Dryden 49 Senior Loan Fund, Series 2017-49A	Subordinated Structured Notes	Residual Interest, current yield 0.00%	02/22	07/30	17,233		2,043		2	—%	(3)(28)(29)
Magnetite XIX, Limited	Subordinated Notes	SOFR + 8.00%, 11.9% Cash	02/22	04/34	5,250		5,250		5,043	0.4%	(3)(8)(13)
Perimeter Master Note Business Trust	Structured Secured Note - Class A	4.7% Cash	05/22	05/31	182		182		181	—%	(3)(7)
Perimeter Master Note Business Trust	Structured Secured Note - Class B	5.4% Cash	05/22	05/31	182		182		181	—%	(3)(7)
Perimeter Master Note Business Trust	Structured Secured Note - Class C	5.9% Cash	05/22	05/31	182		182		181	—%	(3)(7)
Perimeter Master Note Business Trust	Structured Secured Note - Class D	8.5% Cash	05/22	05/31	182		182		181	—%	(3)(7)
Perimeter Master Note Business Trust	Structured Secured Note - Class E	11.4% Cash	05/22	05/31	9,274		9,274		9,132	0.8%	(3)(7)
Sound Point CLO XX, Ltd.	Subordinated Structured Notes	Residual Interest, current yield 0.00%	02/22	07/31	4,489		1,389		21	—%	(3)(28)(29)
US Bank National Association Series 2025-1	Structured Note - Class R	SOFR + 7.50%, 11.4% Cash	03/25	01/32	4,844		4,844		4,965	0.4%	(3)(7)(8)(13)
US Bank National Association Series 2025-2	Structured Note - Class R	SOFR + 7.00%, 10.9% Cash	09/25	08/32	4,594		4,594		4,594	0.4%	(3)(8)(12)
Vista Global Holding Ltd	Structured Secured Note - Class C	9.5% Cash	12/24	02/30	488		488		482	—%	(3)
VOYA CLO 2015-2, LTD.	Subordinated Structured Notes	Residual Interest, current yield 0.00%	02/22	07/27	10,736		2,434		41	—%	(3)(28)(29)
VOYA CLO 2016-2, LTD.	Subordinated Structured Notes	Residual Interest, current yield 0.00%	02/22	07/28	11,088		673		1	—%	(3)(28)(29)
Subtotal Structured Product (2.6%)*				98,902		39,462		29,628
Telecommunications
Mercell Holding AS	First Lien Senior Secured Term Loan	NIBOR + 5.00%, 8.9% Cash	08/22	08/29	3,113		3,163		3,098	0.3%	(3)(7)(8)(25)(30)
Permaconn BidCo Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 4.75%, 8.5% Cash	12/21	07/29	2,732		2,719		2,732	0.2%	(3)(7)(8)(18)
UKFast Leaders Limited	First Lien Senior Secured Term Loan	SONIA + 7.25%, 11.1% Cash	09/20	09/27	12,574		11,915		12,323	1.1%	(3)(7)(8)(15)
Subtotal Telecommunications (1.6%)*				18,419		17,797		18,153
Transportation: Cargo
Argus Intermediate, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	12/25	12/31	3,816		3,733		3,732	0.3%	(7)(8)(13)(30)
Argus Intermediate, LLC	Revolver	SOFR + 4.75%, 8.5% Cash	12/25	12/31	627		616		616	0.1%	(7)(8)(13)(30)
Armstrong Transport Group (Pele Buyer, LLC)	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	06/19	12/26	6,498		6,485		6,407	0.6%	(7)(8)(14)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Armstrong Transport Group (Pele Buyer, LLC)	Revolver	SOFR + 5.00%, 8.7% Cash	08/25	12/26	$10			$3		$(3)		—%	(7)(8)(14)(30)
Echo Global Logistics, Inc.	Second Lien Senior Secured Term Loan	SOFR + 7.25%, 11.0% Cash	11/21	11/29	9,469			9,376		$9,450		0.8%	(7)(8)(12)
FitzMark Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.3% Cash	12/20	12/26	3,994			3,980		3,994		0.3%	(7)(8)(12)
FragilePak LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.6% Cash	05/21	05/27	4,496			4,463		4,496		0.4%	(7)(8)(13)
Honour Lane Logistics Holdings Limited	First Lien Senior Secured Term Loan	SOFR + 4.85%, 8.7% Cash	04/22	11/28	6,667			6,573		6,667		0.6%	(3)(7)(8)(13)
ITI Intermodal, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.50%, 10.2% Cash	12/21	12/27	11,955			11,799		11,955		1.0%	(7)(8)(13)
ITI Intermodal, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.0% Cash	12/21	12/27	793			787		793		0.1%	(7)(8)(13)
ITI Intermodal, Inc.	Revolver	SOFR + 6.50%, 10.2% Cash	12/21	12/27	226			211		226		—%	(7)(8)(13)(30)
R1 Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 6.25%, 9.9% Cash	12/22	12/28	6,049			5,942		5,879		0.5%	(7)(8)(14)
R1 Holdings, LLC	Revolver	SOFR + 6.25%, 9.9% Cash	12/22	12/28	1,854			1,818		1,796		0.2%	(7)(8)(14)(30)
REP SEKO MERGER SUB LLC	First Lien Senior Secured Term Loan	SOFR + 7.00%, 10.8% Cash	11/24	05/30	2,760			2,760		2,081		0.2%	(7)(8)(13)
REP SEKO MERGER SUB LLC	First Lien Senior Secured Term Loan	SOFR + 10.50%, 14.4% Cash	11/25	11/29	258			258		258		—%	(7)(8)(13)(30)
REP SEKO MERGER SUB LLC	First Out Term Loan	SOFR + 10.00%, 13.9% Cash	11/24	11/29	1,112			1,095		1,112		0.1%	(7)(8)(13)
Transportation Insight, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.3% Cash, 1.0% PIK	08/18	06/27	11,236			11,211		6,876		0.6%	(7)(8)(12)
Transportation Insight, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.3% Cash, 1.0% PIK	12/25	03/26	26			26		26		—%	(7)(8)(12)
Transportation Insight, LLC	Revolver	SOFR + 4.50%, 8.3% Cash, 1.0% PIK	12/25	03/26	—			(39)		—		—%	(7)(8)(12)(30)
Subtotal Transportation: Cargo (5.7%)*				71,846		71,097			66,361
Transportation: Consumer
Breeze Aviation Group Inc	Second Lien Senior Secured Term Loan	SOFR + 7.50%, 11.5% Cash	06/25	08/30	2,403			2,403		2,361		0.2%	(7)(8)(13)
Breeze Aviation Group Inc	Second Lien Senior Secured Term Loan	SOFR + 7.50%, 11.5% Cash	06/25	09/30	2,429			2,429		2,385		0.2%	(7)(8)(13)
Breeze Aviation Group Inc	Second Lien Senior Secured Term Loan	SOFR + 7.50%, 11.5% Cash	06/25	09/30	2,429			2,429		2,386		0.2%	(7)(8)(13)
International Fleet Financing No.2 B.V.	Class C Senior Secured Note	10.5% Cash	07/25	06/27	8,522			8,398		8,275		0.7%	(3)(7)(30)
Subtotal Transportation: Consumer (1.3%)*				15,783		15,659			15,407
Utilities: Electric
KAMC Holdings Inc.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.1% Cash	08/25	08/31	5,434			5,357		5,364		0.5%	(7)(8)(13)
KAMC Holdings Inc.	Revolver	SOFR + 5.25%, 9.1% Cash	08/25	08/31	165			156		157		—%	(7)(8)(13)(30)
Panoche Energy Center LLC	First Lien Senior Secured Bond	6.9% Cash	07/22	07/29	3,076			2,887		3,058		0.3%	(7)
Spatial Business Systems LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	10/22	10/28	7,284			7,198		7,218		0.6%	(7)(8)(13)
Spatial Business Systems LLC	Revolver	SOFR + 4.75%, 8.4% Cash	10/22	10/28	—			(5)		(4)		—%	(7)(8)(13)(30)
Subtotal Utilities: Electric (1.4%)*				15,959		15,593			15,793
Subtotal Debt Investments (155.0%)*				1,949,047		1,843,112			1,799,436
Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Units / Shares		Cost		FairValue	% of Net Assets *	Notes
Equity Investments
Aerospace & Defense
Accurus Aerospace Corporation	LLC Units		04/25		18,151.3			$18		$6		—%	(7)(29)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Units / Shares · Cost · FairValue · % of Net Assets * · Notes
Accurus Aerospace Corporation	Common Stock		04/22		437,623.3		$438	$149	—%	(7)(29)
Compass Precision, LLC	LLC Units		04/22		46,085.6		125	383	—%	(7)(29)
GB Eagle Buyer, Inc.	Partnership Units		12/22		687		687	2,025	0.2%	(7)(29)
Megawatt Acquisitionco, Inc.	Common Stock		03/24		205		21	—	—%	(7)(29)
Megawatt Acquisitionco, Inc.	Preferred Stock		03/24		1,842		184	153	—%	(7)(29)
Whitcraft Holdings, Inc.	LP Units		02/23		63,087.1		631	1,164	0.1%	(7)(29)
Subtotal Aerospace & Defense (0.3%)*					2,104		3,880
Automotive
Burgess Point Purchaser Corporation	LP Units		07/22		455		455	334	—%	(7)(29)
Randys Holdings, Inc.	Common Stock		11/22		5,333		533	690	0.1%	(7)(29)
Recon Buyer LLC	LLC Units		11/25		116.2		116	116	—%	(7)(29)
SPATCO Energy Solutions, LLC	Common Stock		07/24		280,957		281	309	—%	(7)(29)
SVI International LLC	LLC Units		03/24		207,921		208	378	—%	(7)
Velocity Pooling Vehicle, LLC	Common Stock		02/22		4,676		60	2	—%	(7)(28)(29)
Velocity Pooling Vehicle, LLC	Warrants		02/22		5,591		72	3	—%	(7)(28)(29)
Subtotal Automotive (0.2%)*					1,725		1,832
Banking, Finance, Insurance, & Real Estate
Accelerant Holdings	Common Stock		07/25		279,230		3,341	4,110	0.4%	(29)
Aegros Holdco 2 Ltd	Common Stock		05/25		889,464		12	610	0.1%	(3)(7)(29)
Bishop Street Underwriters, LLC	LLC Units		07/25		188,809.2		287	361	—%	(7)(29)
Credit Key Funding II LLC	Preferred Stock	10.0% Cash, 10.0% PIK	12/25		732,019		2,567	2,557	0.2%	(7)
Credit Key Funding II LLC	Warrants		12/25		862,753		—	—	—%	(7)(29)
Flywheel Holdings Segregated Portfolio 2025-2	LP Interest		06/25		2,777,264		2,777	2,861	0.2%	(3)(7)(29)
Flywheel Re Segregated Portfolio 2022-4	Preferred Stock		08/22		2,828,286		2,828	2,970	0.3%	(3)(7)
ICREDITWORKS LLC	Preferred Stock	10.0% Cash, 7.5% PIK	03/25		59,462.7		10,835	10,842	0.9%	(7)
ICREDITWORKS LLC	Warrants		03/25		23,692.2		—	—	—%	(7)(29)
Policy Services Company, LLC	Warrants - Class A		12/21		2.5582		—	—	—%	(7)(29)
Policy Services Company, LLC	Warrants - Class B		12/21		0.8634		—	—	—%	(7)(29)
Policy Services Company, LLC	Warrants - Class CC		12/21		0.0888		—	—	—%	(7)(29)
Policy Services Company, LLC	Warrants - Class D		12/21		0.2471		—	—	—%	(7)(29)
Resolute Investment Managers, Inc.	Common Stock		03/24		38,571		—	—	—%	(7)(28)(29)
Shelf Bidco Ltd	Common Stock		12/22		1,200,000		1,200	4,704	0.4%	(3)(7)(28)(29)
Subtotal Banking, Finance, Insurance, & Real Estate (2.5%)*				23,847		29,015
Beverage, Food, & Tobacco
CTI Foods Holdings Co., LLC	Common Stock		02/24		21,031		—	1,518	0.1%	(7)(29)
GMF Parent, Inc.	LLC Units		12/25		138		138	138	—%	(7)(29)
Woodland Foods, LLC	Common Stock		12/21		1,663.30		1,663	1,815	0.2%	(7)(29)
Woodland Foods, LLC	Preferred Stock	20.0% PIK	12/21		364.00		519	551	—%	(7)
Woodland Foods, LLC	Preferred Stock	20.0% PIK	03/25		94.60		143	145	—%	(7)
Subtotal Beverage, Food, & Tobacco (0.4%)*					2,463		4,167

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Units / Shares · Cost · FairValue · % of Net Assets * · Notes
Capital Equipment
DAWGS Intermediate Holdings Co.	LLC Units		03/25		346.9		$347	$409	—%	(7)(29)
Polara Enterprises, L.L.C.	Partnership Units		12/21		7,409		741	1,974	0.2%	(7)
Process Insights Acquisition, Inc.	Common Stock		07/23		281		281	72	—%	(7)(29)
Rapid Buyer LLC	LLC Units		10/24		533		533	377	—%	(7)(29)
TAPCO Buyer LLC	LLC Units		11/24		339		364	523	—%	(7)(29)
Subtotal Capital Equipment (0.3%)*					2,266		3,355
Chemicals, Plastics, & Rubber
Americo Chemical Products, LLC	Common Stock		04/23		88,110		88	108	—%	(7)(29)
Aptus 1829. GmbH	Preferred Stock		09/21		13		120	68	—%	(3)(7)(29)
Aptus 1829. GmbH	Common Stock		09/21		48		12	—	—%	(3)(7)(29)
Polymer Solutions Group Holdings, LLC	Common Stock		02/22		74		—	—	—%	(7)(28)(29)
Subtotal Chemicals, Plastics, & Rubber (—%)*				220		176
Construction & Building
BKF Buyer, Inc.	Common Stock		08/24		1,004,467		1,004	1,145	0.1%	(7)(29)
MNS Buyer, Inc.	Partnership Units		08/21		76,923		77	186	—%	(7)(29)
Ocelot Holdco LLC	Preferred Stock	15.0% PIK	10/23		243.81		1,562	2,438	0.2%	(7)
Ocelot Holdco LLC	Common Stock		10/23		186.67		—	2,831	0.2%	(7)(29)
Subtotal Construction & Building (0.6%)*					2,643		6,600
Consumer goods: Durable
DecksDirect, LLC	Class A Units		04/24		1,016.1		47	—	—%	(7)(29)
DecksDirect, LLC	Common Stock		12/21		1,280.8		55	—	—%	(7)(29)
DecksDirect, LLC	Preferred Stock	13.0% PIK	03/25		9.5		11	—	—%	(7)
Lifestyle Intermediate II, LLC	Class A Common Units		01/25		16,173.0		—	—	—%	(7)(28)(29)
Renovation Parent Holdings, LLC	Partnership Equity		11/21		202,393.6		202	160	—%	(7)(29)
RTIC Subsidiary Holdings, LLC	Class A Preferred Stock		02/22		145.347		4	—	—%	(7)(28)(29)
RTIC Subsidiary Holdings, LLC	Class B Preferred Stock		02/22		145.347		—	—	—%	(7)(28)(29)
RTIC Subsidiary Holdings, LLC	Class C Preferred Stock		02/22		7,844.03		450	36	—%	(7)(28)(29)
RTIC Subsidiary Holdings, LLC	Common Stock		02/22		153		—	—	—%	(7)(28)(29)
Serta Simmons Bedding LLC	Common Stock		06/23		109,127		1,630	1,009	0.1%	(29)
Team Air Distributing, LLC	Partnership Equity		05/23		516,640.2		523	212	—%	(7)(29)
Terrybear, Inc.	Partnership Equity		04/22		24,358.97		239	—	—%	(7)(29)
Subtotal Consumer goods: Durable (0.1%)*					3,161		1,417
Consumer goods: Non-durable
CCFF Buyer, LLC	LLC Units		02/24		233		233	262	—%	(7)(29)
Ice House America, L.L.C.	LLC Units		01/24		2,893		289	174	—%	(7)(29)
Safety Products Holdings, LLC	Preferred Stock		12/20		378.7		380	500	—%	(7)(29)
Subtotal Consumer goods: Non-durable (0.1%)*				902		936
Containers, Packaging, & Glass
Diversified Packaging Holdings LLC	LLC Units		06/24		2,769		277	456	—%	(7)
Five Star Holding LLC	LLC Units		05/22		966.99		967	784	0.1%	(7)(29)
Subtotal Containers, Packaging, & Glass (0.1%)*				1,244		1,240

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Units / Shares · Cost · FairValue · % of Net Assets * · Notes
Energy: Oil & Gas
Ferrellgas L.P.	Opco Preferred Units		03/21		2,886		$2,799	$3,030	0.3%	(7)
Subtotal Energy: Oil & Gas (0.3%)*					2,799		3,030
Environmental Industries
Bridger Aerospace Group Holdings, LLC	Preferred Stock- Series C	7.0% PIK	07/22		14,618		17,978	16,336	1.4%	(7)
Subtotal Environmental Industries (1.4%)*					17,978		16,336
Healthcare & Pharmaceuticals
Amalfi Midco	Class B Common Stock		09/22		98,906,608		1,115	2,661	0.2%	(3)(7)(29)
Amalfi Midco	Warrants		09/22		380,385		4	1,167	0.1%	(3)(7)(29)
Canadian Orthodontic Partners Corp.	Class A Equity		05/22		500,000		389	—	—%	(3)(7)(29)
Canadian Orthodontic Partners Corp.	Class C - Warrants		05/22		74,712.64		—	—	—%	(3)(7)(29)
Canadian Orthodontic Partners Corp.	Class X Equity		05/22		45,604		35	—	—%	(3)(7)(29)
Canadian Orthodontic Partners Corp.	Common Stock		08/24		14.37		—	—	—%	(3)(7)(29)
Forest Buyer, LLC	Class A LLC Units		03/24		122		122	140	—%	(7)
Forest Buyer, LLC	Class B LLC Units		03/24		122		—	61	—%	(7)(29)
GCDL LLC	Common Stock		08/24		243,243.24		243	355	—%	(7)
GPNZ II GmbH	Common Stock		10/23		5,785		—	—	—%	(3)(7)(29)
HemaSource, Inc.	Common Stock		08/23		101,080		101	141	—%	(7)(29)
Moonlight Bidco Limited	Common Stock		07/23		10,590		138	202	—%	(3)(7)(29)
Parkview Dental Holdings LLC	LLC Units		10/23		29,762		298	227	—%	(7)(29)
Parkview Dental Holdings LLC	Preferred Stock	10.0% PIK	12/24		1,229.1		13	38	—%	(7)
SCP Medical Products, LLC.	LLC Units		06/25		393.3		53	53	—%	(7)(29)
TA KHP Aggregator, L.P.	Common Stock		06/25		47,209.6		47	56	—%	(7)(29)
Unosquare, LLC	LLC Units		06/25		260,817.7		261	216	—%	(7)(29)
VB Spine Intermediary II LLC	LLC Units		04/25		767,670.7		—	—	—%	(7)(29)
Subtotal Healthcare & Pharmaceuticals (0.5%)*				2,819		5,317
High Tech Industries
Argus Bidco Limited	Common Stock		07/22		464		1	—	—%	(3)(7)(29)
Argus Bidco Limited	Equity Loan Notes	10.0% PIK	07/22		41,560		70	27	—%	(3)(7)
Argus Bidco Limited	Preferred Stock	10.0% PIK	07/22		41,560		70	28	—%	(3)(7)
CH Buyer, LLC	LLC Units		05/25		685		69	78	—%	(7)(29)
Command Alkon (Project Potter Buyer, LLC)	Class B Partnership Units		04/20		33,324.70		—	187	—%	(7)(29)
CW Group Holdings, LLC	LLC Units		01/21		161,290.32		161	500	—%	(7)(29)
Eurofins Digital Testing International LUX Holding SARL	Common Stock		10/25		243,081.0		—	—	—%	(3)(7)(29)
Eurofins Digital Testing International LUX Holding SARL	Preferred Stock		10/25		351,478.0		—	—	—%	(3)(7)(29)
FinThrive Software Intermediate Holdings Inc.	Preferred Stock	11.0% PIK	03/22		6,582.7		10,967	5,896	0.5%	(7)
FSS Buyer LLC	LP Interest		08/21		1,160.9		12	18	—%	(7)(29)
FSS Buyer LLC	LP Units		08/21		5,104.3		51	78	—%	(7)(29)
NAW Buyer LLC	LLC Units		09/23		472,512		473	595	0.1%	(7)
OSP Hamilton Purchaser, LLC	LP Units		07/22		173,749		174	182	—%	(7)(29)

Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Units / Shares	Cost	FairValue	% of Net Assets *	Notes
PDQ.Com Corporation	Class A-2 Partnership Units	08/21		13.9		$14	$39	—%	(7)(29)
ProfitOptics, LLC	LLC Units	03/22		241,935.48		161	423	—%	(7)(29)
Pro-Vision Solutions Holdings, LLC	LLC Units	09/24		2,357.5		236	249	—%	(7)(29)
Subtotal High Tech Industries (0.7%)*				12,459		8,300
Media: Advertising, Printing, & Publishing
Advantage Software Company (The), LLC	Class A1 Partnership Units	12/21		8,717.76		280	379	—%	(7)(29)
Advantage Software Company (The), LLC	Class A2 Partnership Units	12/21		2,248.46		72	98	—%	(7)(29)
Advantage Software Company (The), LLC	Class B1 Partnership Units	12/21		8,717.76		9	—	—%	(7)(29)
Advantage Software Company (The), LLC	Class B2 Partnership Units	12/21		2,248.46		2	—	—%	(7)(29)
ASC Communications, LLC	Class A Units	07/22		25,718.20		539	880	0.1%	(7)
Subtotal Media: Advertising, Printing, & Publishing (0.1%)*			902		1,357
Media: Broadcasting & Subscription
The Octave Music Group, Inc.	Partnership Equity	04/22		676,881.00		677	1,956	0.2%	(7)(29)
Subtotal Media: Broadcasting & Subscription (0.2%)*			677		1,956
Media: Diversified & Production
BrightSign LLC	LLC Units	10/21		1,107,492.71		1,107	1,384	0.1%	(7)
Rock Labor LLC	LLC Units	09/23		233,871		1,252	1,380	0.1%	(7)(29)
Solo Buyer, L.P.	Common Equity	12/22		516,399		516	269	—%	(7)(29)
Vital Buyer, LLC	Partnership Units	06/21		16,442.9		164	566	—%	(7)
Subtotal Media: Diversified & Production (0.3%)*			3,039		3,599
Services: Business
ARC Interco Purchaser, LLC	LLC Units	11/25		121,550.0		122	122	—%	(7)(29)
Azalea Buyer, Inc.	Common Stock	11/21		192,307.7		192	304	—%	(7)(29)
Broadway Buyer, LLC	LLC Units	12/25		312,055.0		312	312	—%	(7)(29)
CGI Parent, LLC	Preferred Stock	02/22		657		722	1,947	0.2%	(7)(29)
CMT Opco Holding, LLC (Concept Machine)	LLC Units	09/23		12,634.8		506	—	—%	(7)(29)
Coyo Uprising GmbH	Class A Units	09/21		440		205	243	—%	(3)(7)(29)
Coyo Uprising GmbH	Class B Units	09/21		191		446	420	—%	(3)(7)(29)
DataServ Integrations, LLC	Preferred Units	11/22		175,459.20		192	235	—%	(7)(29)
EFC International	Common Stock	03/23		163.83		231	217	—%	(7)(29)
Electric Equipment & Engineering Co.	LLC Units	12/24		187,500		188	354	—%	(7)(29)
LeadsOnline, LLC	LLC Units	02/22		81,739		85	216	—%	(7)
MB Purchaser, LLC	LLC Units	01/24		66		68	78	—%	(7)(29)
MC Group Ventures Corporation	Partnership Units	06/21		746.66		747	706	0.1%	(7)(29)
MIV Buyer, LLC	LLC Units	09/25		1,007.4		101	102	—%	(7)(29)
NF Holdco, LLC	LLC Units	03/23		639,510		659	224	—%	(7)(29)
Recovery Point Systems, Inc.	Partnership Equity	03/21		187,235		187	103	—%	(7)(29)
SmartShift Group, Inc.	Common Stock	09/23		275		275	594	0.1%	(7)(29)
TA SL Cayman Aggregator Corp.	Common Stock	07/21		1,589		50	93	—%	(7)(29)
TSYL Corporate Buyer, Inc.	Partnership Units	12/22		4,673		5	36	—%	(7)(29)
Xeinadin Bidco Limited	Common Stock	05/22		45,665,825		565	1,228	0.1%	(3)(7)(29)
Subtotal Services: Business (0.6%)*				5,858		7,534

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Units / Shares · Cost · FairValue · % of Net Assets * · Notes
Services: Consumer
Application Boot Camp LLC	Common Stock		04/25				234,751.8			$235			$279			—%		(7)
Kid Distro Holdings, LLC	LLC Units		10/21				637,677.11			638			791			0.1%		(7)(29)
Marmoutier Holding B.V.	Common Stock		06/25				2,600,592			—			—			—%		(3)(7)(29)
Subtotal Services: Consumer (0.1%)*							873			1,070
Telecommunications
Mercell Holding AS	Class A Units		08/22				114.4			111			123			—%		(3)(7)(29)
Mercell Holding AS	Class B Units		08/22				28,943.8			—			—			—%		(3)(7)(29)
Syniverse Holdings, Inc.	Series A Preferred Equity	12.5% PIK	05/22				7,575,758			11,497			11,439			1.0%		(7)
Subtotal Telecommunications (0.8%)*							11,608			11,562
Transportation: Cargo
AIT Worldwide Logistics Holdings, Inc.	Partnership Units		04/21				348.68			349			785			0.1%		(7)(29)
Echo Global Logistics, Inc.	Partnership Equity		11/21				530.92			531			351			—%		(7)(29)
FragilePak LLC	Partnership Units		05/21				937.5			938			666			0.1%		(7)(29)
ITI Intermodal, Inc.	Common Stock		01/22				7,500.4			750			961			0.1%		(7)(29)
REP SEKO MERGER SUB LLC	Common Stock		11/24				1,231			5,403			—			—%		(7)(29)
Subtotal Transportation: Cargo (0.2%)*							7,971			2,763
Subtotal Equity Investments(9.9%)*					107,558			115,442
Royalty Rights:
Healthcare & Pharmaceuticals
Coherus Biosciences, Inc.	Royalty Rights		05/24						1,292			1,486			0.1%		(7)
Subtotal Healthcare & Pharmaceuticals (0.1%)*					1,292			1,486
Subtotal Royalty Rights (0.1%)*							1,292			1,486
Subtotal Non-Control / Non-Affiliate Investments (165.1%)*				1,951,962			1,916,364
Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date		Maturity Date		Principal Amount		Cost		FairValue		% of Net Assets *		Notes
Affiliate Investments:(4)
Debt Investments
Aerospace & Defense
Skyvault Holdings LLC	First Lien Senior Secured Term Loan	12.0% Cash	11/24		11/31		$16,021			$16,021			$16,020			1.4%		(7)(30)
Subtotal Aerospace & Defense (1.4%)*					16,021			16,021			16,020			1.4%
Banking, Finance, Insurance, & Real Estate
Eclipse Business Capital, LLC	Revolver	SOFR + 6.50%, 10.3% Cash	07/21		02/29		9,909			9,852			9,909			0.9%		(7)(12)(30)
Eclipse Business Capital, LLC	Second Lien Senior Secured Term Loan	7.5% Cash	07/21		07/28		4,545			4,526			4,546			0.4%		(7)
Rocade Holdings LLC	Second Lien Senior Secured Term Loan	SOFR + 8.00%, 11.9% Cash	11/25		11/30		2,867			2,670			2,667			0.2%		(7)(8)(13)(30)
Subtotal Banking, Finance, Insurance, & Real Estate (1.5%)*			17,321			17,048			17,122
Chemicals, Plastics, & Rubber
Celebration Bidco, LLC	First Lien Senior Secured Term Loan	SOFR + 8.00%, 11.7% PIK	12/23		12/28		8,679			8,679			8,463			0.7%		(7)(13)
Subtotal Chemicals, Plastics, & Rubber (0.7%)*			8,679			8,679			8,463
Healthcare & Pharmaceuticals
Biolam Group	First Lien Senior Secured Term Loan	EURIBOR + 4.50%, 6.5% PIK	12/22		12/29		2,902			2,537			1,731			0.1%		(3)(7)(8)(11)(26)
Subtotal Healthcare & Pharmaceuticals (0.1%)*			2,902			2,537			1,731

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Hotel, Gaming, & Leisure
Coastal Marina Holdings, LLC	Subordinated Term Loan	8.0% Cash	11/21	11/31	$16,620			$15,793			$15,891		1.4%		(7)
Coastal Marina Holdings, LLC	Subordinated Term Loan	8.0% Cash	11/21	11/31	7,662			7,359			7,327		0.6%		(7)
Subtotal Hotel, Gaming, & Leisure (2.0%)*				24,282		23,152			23,218
Services: Business
Zeppelin Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 6.50%, 10.5% Cash	03/22	03/29	2,565			2,010			2,565		0.2%		(3)(7)(8)(16)
Subtotal Services: Business (0.2%)*				2,565		2,010			2,565
Subtotal Debt Investments (6.0%)*				71,770		69,447			69,119
Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Units / Shares		Cost		FairValue		% of Net Assets *	Notes
Equity Investments
Aerospace & Defense
Skyvault Holdings LLC	LLC Units		11/24		5,340,186.4			$5,349			$5,339		0.5%		(7)(29)(30)
Subtotal Aerospace & Defense (0.5%)*					5,349			5,339
Banking, Finance, Insurance, & Real Estate
Eclipse Business Capital, LLC	LLC Units		07/21		89,447,396			93,052			139,539		12.0%		(7)
Rocade Holdings LLC	Preferred LP Units	SOFR + 6.00%, 9.9% PIK	02/23		71,000			89,452			89,450		7.7%		(7)(13)(30)
Rocade Holdings LLC	Common LP Units		02/23		23.8			—			3,596		0.3%		(7)
Subtotal Banking, Finance, Insurance, & Real Estate (20.0%)*				182,504		232,585
Chemicals, Plastics, & Rubber
Celebration Bidco, LLC	Common Stock		12/23		1,243,071			12,177			8,925		0.8%		(7)(29)
Subtotal Chemicals, Plastics, & Rubber (0.8%)*				12,177		8,925
Healthcare & Pharmaceuticals
Biolam Group	Ordinary Shares		10/25		42,639,498			—			—		—%		(3)(7)(29)
Subtotal Healthcare & Pharmaceuticals (—%)*				—		—
Hotel, Gaming, & Leisure
Coastal Marina Holdings, LLC	LLC Units		11/21		3,518,097			16,495			19,983		1.7%		(7)(29)
Subtotal Hotel, Gaming, & Leisure (1.7%)*					16,495			19,983
Investment Funds & Vehicles
Jocassee Partners LLC	9.1% Member Interest		06/19				35,158			37,986		3.3%		(3)(30)(32)
Sierra Senior Loan Strategy JV I LLC	89.01% Member Interest		02/22				27,969			16,404		1.4%		(3)(28)(32)
Thompson Rivers LLC	16.0% Member Interest	06/20			20,021			4,271			0.4%		(29)(32)
Waccamaw River LLC	20% Member Interest		02/21				17,070			4,489		0.4%		(3)(32)
Subtotal Investment Funds & Vehicles (5.4%)*				100,218		63,150
Services: Business
Zeppelin Bidco Limited	Ordinary Shares		08/25		879			—			82		—%		(3)(7)(29)
Subtotal Services: Business (—%)*					—			82
Subtotal Equity Investments (28.4%)*					316,743			330,064
Subtotal Affiliate Investments (34.4%)*					386,190			399,183
Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount		Cost		FairValue		% of Net Assets *	Notes
Control Investments:(5)
Debt Investments
Capital Equipment
Security Holdings B.V.	Bridge Loan	5.0% PIK	12/20	06/26	$6,997			$6,997			$6,997		0.6%		(3)(7)(27)
Security Holdings B.V.	Revolver	6.0% Cash	09/23	12/27	6,225			5,814			6,225		0.5%		(3)(7)(27)(30)
Security Holdings B.V.	Senior Unsecured Term Loan	6.0% Cash 9.0% PIK	04/21	04/29	2,910			2,826			2,909		0.3%		(3)(7)(27)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Security Holdings B.V.	Senior Subordinated Term Loan	3.1% PIK	12/20	06/26	$11,566			$11,566		$11,565		1.0%	(3)(7)(27)
Subtotal Capital Equipment (2.0%)*				27,698		27,203			27,696
Subtotal Debt Investments (2.4%)*				27,698		27,203			27,696
Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Units / Shares		Cost		FairValue	% of Net Assets *	Notes
Equity Investments
Automotive
MVC Automotive Group GmbH	Common Equity Interest		12/20		18,000			$23,173		$14,143		1.2%	(3)(7)(27)(29)
Subtotal Automotive (1.2%)*					23,173			14,143
Capital Equipment
Security Holdings B.V.	Common Stock Series A		02/22		17,100			560		436		—%	(3)(7)(27)(29)
Security Holdings B.V.	Common Stock Series B		12/20		1,236			35,192		40,702		3.5%	(3)(7)(27)
Subtotal Capital Equipment (3.5%)*					35,752			41,138		3.5%
Subtotal Equity Investments (4.8%)*				58,925		55,281
Subtotal Control Investments (7.1%)*				86,128		82,977
Total Investments, December 31, 2025 (206.6%)*				$2,424,280		$2,398,524

Derivative Instruments

Interest Rate Swaps:
Description · Company Receives · Company Pays · Maturity Date · Notional Amount · Value · Hedged Instrument · Unrealized Appreciation (Depreciation)
Interest rate swap (See Note 4)	7.00%	SOFR + 3.1475%	2/15/2029	$300,000	$3,334	February 2029 Notes		$3,334
Interest rate swap (See Note 4)	5.20%	SOFR + 2.059%	9/15/2028	$300,000	$(2,072)	September 2028 Notes	(2,072)
Total Interest Rate Swaps, December 31, 2025					$1,262

Credit Support Agreement:
Description	Counterparty	Settlement Date	Notional Amount	Value	Unrealized Appreciation (Depreciation)
Sierra Credit Support Agreement(a)(b)(c)	Barings LLC	04/01/32	$100,000	$60,500	$16,100
Total Credit Support Agreement, December 31, 2025			$100,000	$60,500	$16,100

a)The Sierra Credit Support Agreement covers all of the investments acquired by the Company from Sierra in connection with the Sierra Merger and any investments received by the Company in connection with the restructuring, amendment, extension or other modification (including the issuance of new securities) of any of the investments in the Sierra Reference Portfolio. Each investment that is included in the Sierra Reference Portfolio is denoted in the above Schedule of Investments with footnote (28).

(b)The Company and Barings entered into the Sierra Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $100.0 million.

(c)Settlement Date means the earlier of (1) April 1, 2032 or (2) the date on which the entire Sierra Reference Portfolio has been realized or written off.

Foreign Currency Forward Contracts:
Description	Notional Amount to be Purchased	Notional Amount to be Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
Foreign currency forward contract (AUD)	$37,436	A$56,369	HSBC Bank USA	03/31/26	$(155)
Foreign currency forward contract (CAD)	$1,951	C$2,686	Bank of America, N.A.	03/31/26	(16)
Foreign currency forward contract (DKK)	$520	3,312kr.	HSBC Bank USA	03/31/26	(3)
Foreign currency forward contract (EUR)	$39,619	€33,500	BNP Paribas SA	03/31/26	119
Foreign currency forward contract (EUR)	$14,642	€12,500	HSBC Bank USA	03/31/26	(97)
Foreign currency forward contract (NZD)	NZ$10,000	$5,827	HSBC Bank USA	03/31/26	(58)
Foreign currency forward contract (NZD)	$9,006	NZ$15,504	HSBC Bank USA	03/31/26	62
Foreign currency forward contract (NOK)	$4,852	49,215kr	BNP Paribas SA	03/31/26	(25)
Foreign currency forward contract (GBP)	£1,500	$2,026	BNP Paribas SA	03/31/26	(9)
Foreign currency forward contract (GBP)	£2,000	$2,691	HSBC Bank USA	03/31/26	(2)
Foreign currency forward contract (GBP)	$132,483	£99,342	BNP Paribas SA	03/31/26	(1,106)
Foreign currency forward contract (SEK)	$1,999	18,499kr	Bank of America, N.A.	03/31/26	(17)
Foreign currency forward contract (CHF)	$5,571	4,421Fr.	HSBC Bank USA	03/31/26	(59)
Total Foreign Currency Forward Contracts, December 31, 2025				$(1,366)

*Fair value as a percentage of net assets.

(1)All debt investments are income producing, unless otherwise noted. The Adviser determines in good faith the fair value of the Company’s investments in accordance with a valuation policy and processes established by the Adviser, which have been approved by the Board, and the 1940 Act. In addition, all debt investments are variable rate investments unless otherwise noted. Index-based floating interest rates are generally subject to a contractual minimum interest rate. Variable rate loans to the Company’s portfolio companies bear interest at a rate that may be determined by reference to SOFR, EURIBOR, BBSY, STIBOR, CORRA, SONIA, SARON, NIBOR, BKBM or an alternate base rate (commonly based on the Federal Funds Rate or the Prime Rate), at the borrower’s option, which reset annually, semi-annually, quarterly or monthly. For each such loan, the Company has provided the interest rate in effect on the date presented. SOFR based contracts may include a credit spread adjustment that is charged in addition to the base rate and the stated spread. The borrower may also elect to have multiple interest reset periods for each loan.

(2)All of the Company’s portfolio company investments (including joint venture investments), which as of December 31, 2025 represented 206.6% of the Company’s net assets, are subject to legal restrictions on sales. The acquisition date represents the date of the Company’s initial investment in the relevant portfolio company.

(3)Investment is not a qualifying investment as defined under Section 55(a) of the 1940 Act. Non-qualifying assets represent 24.0% of total investments at fair value as of December 31, 2025. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. If at any time qualifying assets do not represent at least 70% of the Company’s total assets, the Company will be precluded from acquiring any additional non-qualifying asset until such time as it complies with the requirements of Section 55(a).

(4)As defined in the 1940 Act, the Company is deemed to be an “affiliated person” of the portfolio company as the Company owns between 5% or more, up to 25% (inclusive), of the portfolio company’s voting securities (“non-controlled affiliate”). Transactions related to investments in non-controlled “Affiliate Investments” for the year ended December 31, 2025 were as follows:

December 31, 2024 Value · Gross Additions(a) · Gross Reductions (b) · Amount of Realized Gain (Loss) · Amount of Unrealized Gain (Loss) · December 31,2025 Value · Amount of Interest or Dividends Credited to Income(c)
Portfolio Company	Type of Investment
Biolam(d)	First Lien Senior Secured Term Loan (EURIBOR + 4.50%, 6.5% PIK)(e)	$—		$1,258		$(128)		$44		$557		$1,731		$(27)
Ordinary Shares(42,639,498 shares)	—		—		—		—		—		—		—
	—		1,258		(128)		44		557		1,731		(27)
Celebration Bidco, LLC(d)	First Lien Senior Secured Term Loan (SOFR + 8.00%, 11.7% PIK)	6,414		2,266		—		—		(217)		8,463		987
Common Stock(1,243,071 shares)	11,262		—		—		—		(2,337)		8,925		—
	17,676		2,266		—		—		(2,554)		17,388		987
Coastal Marina Holdings, LLC(d)	Subordinated Term Loan(8.0% Cash)	15,770		103		—		—		18		15,891		1,432
Subordinated Term Loan(8.0% Cash)	7,271		38		—		—		18		7,327		650
LLC Units (3,518,097 units)	16,852		—		—		—		3,131		19,983		—
	39,893		141		—		—		3,167		43,201		2,082
Eclipse Business Capital, LLC(d)	Revolver (SOFR + 6.50%, 10.3% Cash)	10,091		8,650		(8,820)		—		(12)		9,909		1,116
Second Lien Senior Secured Term Loan (7.5% Cash)	4,545		7		—		—		(6)		4,546		354
LLC units (89,447,396 units)	136,855		23		—		—		2,661		139,539		16,551
	151,491		8,680		(8,820)		—		2,643		153,994		18,021

December 31, 2024 Value · Gross Additions(a) · Gross Reductions (b) · Amount of Realized Gain (Loss) · Amount of Unrealized Gain (Loss) · December 31,2025 Value · Amount of Interest or Dividends Credited to Income(c)
Portfolio Company · Type of Investment
Jocassee Partners LLC	9.1% Member Interest	$40,761		$—		$—		$—		$(2,775)		$37,986		$5,709
	40,761		—		—		—		(2,775)		37,986		5,709
Rocade Holdings LLC(d)	Second Lien Senior Secured Term Loan (SOFR + 8.00%, 11.9% Cash)	—		2,671		—		—		(4)		2,667		38
Preferred LP Units (71,000 units) (SOFR + 6.00%, 9.9% PIK)	83,000		8,818		(2,355)		—		(13)		89,450		8,818
Common LP Units (23.8 units)	243		—		—		—		3,353		3,596		308
	83,243		11,489		(2,355)		—		3,336		95,713		9,164
Sierra Senior Loan Strategy JV I LLC	89.01% Member Interest	41,453		—		(20,472)		—		(4,577)		16,404		7,121
41,453		—		(20,472)		—		(4,577)		16,404		7,121
Skyvault Holdings LLC(d)	First Lien Senior Secured Term Loan (12.0% Cash)	3,586		12,615		(181)		—		—		16,020		1,409
LLC Units (5,340,186.4 units)	1,195		4,153		—		—		(9)		5,339		—
	4,781		16,768		(181)		—		(9)		21,359		1,409
Thompson Rivers LLC	16.0% Member Interest	7,208		—		(2,876)		—		(61)		4,271		—
	7,208		—		(2,876)		—		(61)		4,271		—
Waccamaw River LLC	20% Member Interest	10,730		—		(5,843)		—		(398)		4,489		907
10,730		—		(5,843)		—		(398)		4,489		907
Zeppelin Bidco Limited(d)	First Lien Senior Secured Term Loan (SONIA + 6.50%, 10.5% Cash)	—		2,826		(13)		(4,835)		4,587		2,565		111
Ordinary Shares(879 shares)	—		—		—		—		82		82		—
	—		2,826		(13)		(4,835)		4,669		2,647		111
Total Affiliate Investments	$397,236		$43,428		$(40,688)		$(4,791)		$3,998		$399,183		$45,484

(a)Gross additions include increases in the cost basis of investments resulting from new investments, follow-on investments, payment-in-kind interest or dividends, the amortization of any unearned income or discounts on debt investments, as applicable.

(c)Represents the total amount of interest, fees or dividends credited to income for the portion of the year an investment was included in the Affiliate category.

(e)Non-accrual investment

(5)As defined in the 1940 Act, the Company is deemed to be both an “affiliated person” and “control” the portfolio company because it owns more than 25% of the portfolio company’s outstanding voting securities or it has the power to exercise control over the management or policies of such portfolio company (including through a management agreement). Transactions as of and during the year ended December 31, 2025 in which the portfolio company is deemed to be a “Control Investment” of the Company were as follows:

December 31, 2024Value · Gross Additions(a) · Gross Reductions (b) · Amount of Realized Gain (Loss) · Amount of Unrealized Gain (Loss) · December 31, 2025Value · Amount of Interest or Dividends Credited to Income(c)
Portfolio Company	Type of Investment
Black Angus Steakhouses, LLC(d)	First Lien Senior Secured Term Loan (14.4% PIK)(e)	$2,744		$—		$(610)		$(7,481)		$5,347		$—		$(6)
First Lien Senior Secured Term Loan (10.0% PIK)(e)	—		—		—		(9,628)		9,628		—		—
LLC Units (44.6 units)	—		—		—		—		—		—		—
	2,744		—		(610)		(17,109)		14,975		—		(6)
MVC Automotive Group GmbH(d)	First Lien Senior Secured Term Loan (7.0% Cash)	—		2,338		(2,341)		3		—		—		85
Common Equity Interest (18,000 Shares)	13,741		4,000		—		—		(3,598)		14,143		—
	13,741		6,338		(2,341)		3		(3,598)		14,143		85
MVC Private Equity Fund LP	General Partnership Interest(1,831.4 units)	—		—		—		(183)		183		—		—
Limited Partnership Interest (71,790.4 units)	11		—		(116)		(7,166)		7,271		—		—
	11		—		(116)		(7,349)		7,454		—		—
Security Holdings B.V(d)	Bridge Loan (5.0% PIK)	6,655		342		—		—		—		6,997		342
Revolver (6.0% Cash)	5,333		165		(3)		2		728		6,225		379
Senior Unsecured Term Loan (6.0% Cash, 9.0% PIK)	2,293		299		—		—		317		2,909		474
Senior Subordinated Term Loan (3.1% PIK)	11,191		374		—		—		—		11,565		360
Common Stock Series A (17,100 shares)	399		—		—		—		37		436		—
Common Stock Series B (1,236 shares)	37,296		—		—		—		3,406		40,702		2,817
	63,167		1,180		(3)		2		4,488		68,834		4,372
Total Control Investments	$79,663		$7,518		$(3,070)		$(24,453)		$23,319		$82,977		$4,451

(c)Represents the total amount of interest, fees or dividends credited to income for the portion of the year an investment was included in the Control category.

(e)Non-accrual investment.

(6)All of the investment is or will be encumbered as security for the Company’s $0.8 billion February 2019 Credit Facility with ING.

(7)The fair value of the investment was determined using significant unobservable inputs.

(8)Debt investment includes interest rate floor feature.

(9)The interest rate on these loans is subject to 1 Month EURIBOR, which as of December 31, 2025 was 1.93900%.

(10)The interest rate on these loans is subject to 3 Month EURIBOR, which as of December 31, 2025 was 2.02600%.

(11)The interest rate on these loans is subject to 6 Month EURIBOR, which as of December 31, 2025 was 2.10700%.

(12)The interest rate on these loans is subject to 1 Month SOFR, which as of December 31, 2025 was 3.68751%.

(13)The interest rate on these loans is subject to 3 Month SOFR, which as of December 31, 2025 was 3.65166%.

(14)The interest rate on these loans is subject to 6 Month SOFR, which as of December 31, 2025 was 3.57418%.

(15)The interest rate on these loans is subject to 3 Month SONIA, which as of December 31, 2025 was 3.71660%.

(16)The interest rate on these loans is subject to 6 Month SONIA, which as of December 31, 2025 was 3.64430%.

(17)The interest rate on these loans is subject to 1 Month BBSY, which as of December 31, 2025 was 3.55000%.

(18)The interest rate on these loans is subject to 3 Month BBSY, which as of December 31, 2025 was 3.73750%.

(19)The interest rate on these loans is subject to 6 Month BBSY, which as of December 31, 2025 was 4.12100%.

(20)The interest rate on these loans is subject to 3 Month CORRA, which as of December 31, 2025 was 2.30000%.

(21)The interest rate on these loans is subject to 3 Month STIBOR, which as of December 31, 2025 was 1.95800%.

(22)The interest rate on these loans is subject to 3 Month BKBM, which as of December 31, 2025 was 2.49000%.

(23)The interest rate on these loans is subject to 1 Month SARON, which as of December 31, 2025 was -0.04570%.

(24)The interest rate on these loans is subject to 3 Month SARON, which as of December 31, 2025 was -0.04360%.

(25)The interest rate on these loans is subject to 1 Month NIBOR, which as of December 31, 2025 was 3.89000%.

(26)Non-accrual investment.

(27)Investment was purchased as part of the MVC Acquisition.

(28)Investment was purchased as part of the Sierra Merger and is part of the Sierra Reference Portfolio for purposes of the Sierra Credit Support Agreement.

(29)Investment is non-income producing.

(30)Position or portion thereof is an unfunded loan or equity commitment.

(31)PIK non-accrual investment.

(32)Portfolio company does not issue shares or units, member interest is based on commitments.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.