Barings BDC, Inc.

For the period ended Jun 30, 2026. Filed Aug 5, 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.

Jun 30, 2026 · Filed Aug 5, 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

Unaudited Consolidated Schedule of Investments as of

Unaudited 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%, 8.6% Cash	04/22	04/28	$12,992		$12,925		$12,967	1.1%	(7)(8)(13)
Accurus Aerospace Corporation	Revolver	SOFR + 4.75%, 8.6% Cash	04/22	04/28	1,498		1,488		1,494	0.1%	(7)(8)(13)(30)
ATL II MRO Holdings Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.2% Cash	11/22	11/28	19,019		18,807		18,829	1.6%	(7)(8)(13)
ATL II MRO Holdings Inc.	Revolver	SOFR + 4.75%, 8.2% Cash	11/22	11/28	—		(31)		(33)	—%	(7)(8)(13)(30)
Balaena Maritime (UK) Limited	First Lien Senior Secured Term Loan	SONIA + 12.00%, 15.7% Cash	06/26	06/31	20,012		19,622		19,513	1.7%	(3)(7)(8)(15)
Compass Precision, LLC	Senior Subordinated Term Loan	11.0% Cash, 1.0% PIK	04/22	04/28	658		655		658	0.1%	(7)
GB Eagle Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	12/22	11/30	7,048		6,962		7,048	0.6%	(7)(8)(13)
GB Eagle Buyer, Inc.	Revolver	SOFR + 4.75%, 8.5% Cash	12/22	11/30	—		(37)		—	—%	(7)(8)(13)(30)
M-Personal Protection Management GmbH	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.3% Cash	10/24	09/31	4,029		3,790		4,029	0.4%	(3)(7)(8)(10)
Megawatt Acquisitionco, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	03/24	03/30	4,004		3,952		4,004	0.3%	(7)(8)(13)
Megawatt Acquisitionco, Inc.	Revolver	SOFR + 5.25%, 9.0% Cash	03/24	03/30	150		142		150	—%	(7)(8)(13)(30)
Protego Bidco B.V.	Super Senior Secured Term Loan	EURIBOR + 6.00%, 8.3% Cash	02/26	03/33	1,457		1,416		1,457	0.1%	(3)(7)(8)(10)
Protego Bidco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.3% Cash	03/21	11/27	1,867		1,901		1,867	0.2%	(3)(7)(8)(10)
Protego Bidco B.V.	Revolver	EURIBOR + 6.50%, 8.8% Cash	03/21	11/26	2,239		2,303		2,239	0.2%	(3)(7)(8)(10)
Sisu Acquisitionco., Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash	12/20	12/28	7,183		7,168		7,117	0.6%	(7)(8)(13)
Surface Finishing Technologies Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	04/26	04/32	7,207		7,104		7,100	0.6%	(7)(8)(14)(30)
Surface Finishing Technologies Inc.	Revolver	SOFR + 4.75%, 8.5% Cash	04/26	04/32	—		(17)		(18)	—%	(7)(8)(14)(30)
Trident Maritime Systems, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.3% Cash, 2.0% PIK	02/21	02/27	12,231		12,205		10,519	0.9%	(7)(8)(13)
Whitcraft Holdings, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	06/24	09/31	13,070		12,893		13,018	1.1%	(7)(8)(13)
Whitcraft Holdings, Inc.	Revolver	SOFR + 5.00%, 8.7% Cash	02/23	09/31	717		683		709	0.1%	(7)(8)(13)(30)
Subtotal Aerospace & Defense (9.8%)*				115,381		113,931		112,667
Automotive
Burgess Point Purchaser Corporation	Second Lien Senior Secured Term Loan	SOFR + 9.00%, 12.8% Cash	07/22	07/30	4,545		4,444		4,159	0.4%	(7)(8)(13)
OAC Holdings I Corp	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash	03/22	03/29	3,276		3,249		3,276	0.3%	(7)(8)(13)
OAC Holdings I Corp	Revolver	SOFR + 5.00%, 8.8% Cash	03/22	03/28	783		775		783	0.1%	(7)(8)(13)(30)
Randys Holdings, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.6% Cash	11/22	11/29	13,231		13,030		13,123	1.1%	(7)(8)(12)(30)
Randys Holdings, Inc.	Revolver	SOFR + 5.00%, 8.6% Cash	11/22	11/29	210		182		194	—%	(7)(8)(12)(30)
Recon Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	11/25	11/31	1,544		1,508		1,513	0.1%	(7)(8)(13)(30)
Recon Buyer LLC	Revolver	SOFR + 4.50%, 8.2% Cash	11/25	11/31	—		(7)		(6)	—%	(7)(8)(13)(30)
SPATCO Energy Solutions, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	07/24	07/30	7,668		7,546		7,423	0.6%	(7)(8)(13)(30)
SPATCO Energy Solutions, LLC	Revolver	SOFR + 5.00%, 8.7% Cash	07/24	07/30	297		281		263	—%	(7)(8)(13)(30)
Subtotal Automotive (2.7%)*				31,554		31,008		30,728

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 + 8.30%, 12.0% PIK	05/25	05/32		$6,256		$6,172	$5,493	0.5%	(3)(7)(8)(15)
Bishop Street Underwriters, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.6% Cash	07/25	07/31		4,806		4,732	4,733	0.4%	(7)(8)(12)(30)
Broadstone Group UK LTD	First Lien Senior Secured Term Loan	SONIA + 4.75%, 8.5% Cash	03/25	02/32		1,863		1,747	1,829	0.2%	(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		5,739		5,629	5,630	0.5%	(7)(8)(12)(30)
Credit Key Funding II LLC	Revolver	SOFR + 7.50%, 11.2% Cash	12/25	12/30		435		427	427	—%	(7)(8)(12)(30)
ERS Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	01/26	01/31		1,958		1,928	1,930	0.2%	(7)(8)(12)(30)
ERS Holdings, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	01/26	01/31		—		(3)	(2)	—%	(7)(8)(12)(30)
Finaxy Holding	First Lien Senior Secured Term Loan	EURIBOR + 4.50%, 7.1% Cash	11/23	12/31		4,305		3,955	4,263	0.4%	(3)(7)(8)(11)
Forge Borrower, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	01/26	01/33		1,268		1,232	1,236	0.1%	(7)(8)(13)(30)
Forge Borrower, LLC	Revolver	SOFR + 4.50%, 8.2% Cash	01/26	01/33		—		(7)	(7)	—%	(7)(8)(13)(30)
Groupe Guemas	First Lien Senior Secured Term Loan	EURIBOR + 6.75%, 9.3% Cash	10/23	09/30		5,328		4,848	5,136	0.4%	(3)(7)(8)(11)
Heilbron (f/k/a Sucsez (Bolt Bidco B.V.))	First Lien Senior Secured Term Loan	EURIBOR + 4.75%, 6.9% Cash	09/19	06/28		3,463		3,676	3,436	0.3%	(3)(7)(8)(9)
High Street Buyer Inc.	First Lien Senior Secured Term Loan	SOFR + 4.25%, 8.0% Cash	07/25	07/32		300		290	290	—%	(7)(8)(13)(30)
IM Square	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.3% Cash	05/21	05/28		1,829		1,903	1,811	0.2%	(3)(7)(8)(10)
IM Square	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.3% Cash	04/26	05/30		—		(50)	(51)	—%	(3)(7)(8)(10)(30)
Kite Topco Ltd	First Lien Senior Secured Term Loan	SONIA + 5.25%, 9.0% Cash	05/26	05/33		2,715		2,703	2,667	0.2%	(3)(7)(8)(16)(30)
Markerstudy Group Limited	First Lien Senior Secured Term Loan	SONIA + 5.68%, 9.4% Cash	03/26	03/32		4,911		4,893	4,866	0.4%	(3)(7)(8)(15)
ORS Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	06/25	08/31		6,355		6,278	6,299	0.5%	(7)(8)(13)
ORS Buyer, Inc.	Revolver	SOFR + 4.75%, 8.5% Cash	03/26	08/31		421		409	410	—%	(7)(8)(13)(30)
OSP AFS Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	10/25	10/31		2,977		2,880	2,893	0.3%	(7)(8)(13)(30)
OSP AFS Buyer, LLC	Revolver	SOFR + 4.50%, 8.2% Cash	10/25	10/31		—		(14)	(13)	—%	(7)(8)(13)(30)
Owl Intermediate Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	04/25	04/32		2,470		2,440	2,156	0.2%	(7)(8)(13)(30)
Owl Intermediate Holdings, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	04/25	04/32		365		347	170	—%	(7)(8)(13)(30)
Premium Invest	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 8.0% Cash	06/21	12/30		9,661		8,942	9,661	0.8%	(3)(7)(8)(10)(30)
Shelf Bidco Ltd	Second Out Term Loan	SOFR + 4.75%, 8.4% Cash	10/24	10/31		12,031		11,982	11,986	1.0%	(3)(7)(8)(13)
SRS Acquiom Holdings LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	01/26	01/32		4,438		4,397	4,400	0.4%	(7)(8)(13)
SRS Acquiom Holdings LLC	Revolver	SOFR + 4.75%, 8.4% Cash	01/26	01/32		—		(9)	(8)	—%	(7)(8)(13)(30)
The Caprock Group, Inc. (aka TA/TCG Holdings, LLC)	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.1% Cash	10/21	12/28		8,203		8,120	8,130	0.7%	(7)(8)(12)(30)
The Caprock Group, Inc. (aka TA/TCG Holdings, LLC)	Revolver	SOFR + 4.50%, 8.1% Cash	10/21	12/28		—		(12)	(14)	—%	(7)(8)(12)(30)
THG Acquisition, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	10/24	10/31		6,451		6,395	6,419	0.6%	(7)(8)(12)(30)
THG Acquisition, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	10/24	10/31		372		360	365	—%	(7)(8)(12)(30)
WEST-NR ACQUISITIONCO, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash	08/23	12/27		13,193		13,024	13,193	1.2%	(7)(8)(13)(30)
Subtotal Banking, Finance, Insurance, & Real Estate (9.6%)*			112,113		109,614		109,734

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Beverage, Food, & Tobacco
CTI Foods Holdings Co., LLC	First Lien Senior Secured Term Loan	SOFR + 7.86%, 11.8% Cash	04/25	04/29		$10,945		$10,784	$10,946	1.0%	(7)(8)(13)
CTI Foods Holdings Co., LLC	First Out Term Loan	SOFR + 10.00%, 13.9% PIK	02/24	04/29		2,577		2,577	2,577	0.2%	(7)(8)(13)
CTI Foods Holdings Co., LLC	First Out Term Loan	SOFR + 7.00%, 10.9% PIK	02/24	04/29		932		932	932	0.1%	(7)(8)(13)
CTI Foods Holdings Co., LLC	Last In First Out Term Loan	SOFR + 10.00%, 13.9% PIK	02/24	04/29		5,229		5,178	5,229	0.5%	(7)(8)(13)
CTI Foods Holdings Co., LLC	Second Out Term Loan	SOFR + 9.00%, 12.9% PIK	02/24	04/29		730		730	730	0.1%	(7)(8)(13)
GMF Parent, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	12/25	12/32		2,229		2,202	2,205	0.2%	(7)(8)(13)(30)
GMF Parent, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	12/25	12/32		43		38	39	—%	(7)(8)(13)(30)
L.A. Specialty Produce Co., LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	04/26	04/33		6,331		6,254	6,258	0.5%	(7)(8)(13)(30)
L.A. Specialty Produce Co., LLC	Revolver	SOFR + 4.50%, 8.2% Cash	04/26	04/33		—		(10)	(10)	—%	(7)(8)(13)(30)
Riedel Beheer B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.3% Cash	12/21	12/28		2,371		2,279	2,371	0.2%	(3)(7)(8)(10)
Woodland Foods, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.1% Cash	12/21	12/28		17,164		17,001	17,032	1.5%	(7)(8)(13)
Woodland Foods, LLC	Revolver	SOFR + 5.25%, 9.1% Cash	12/21	12/28		1,396		1,380	1,375	0.1%	(7)(8)(13)(30)
Subtotal Beverage, Food, & Tobacco (4.3%)*			49,947		49,345		49,684
Capital Equipment
AirX Climate Solutions, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	11/23	11/29		4,239		4,183	4,188	0.4%	(7)(8)(13)(30)
AirX Climate Solutions, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.4% Cash	11/23	11/29		3,264		3,212	3,264	0.3%	(7)(8)(13)
AirX Climate Solutions, Inc.	Revolver	SOFR + 5.75%, 9.4% Cash	11/23	11/29		155		144	155	—%	(7)(8)(13)(30)
APC1 Holding	First Lien Senior Secured Term Loan	EURIBOR + 5.50%, 7.8% Cash	07/22	07/29		2,630		2,343	2,614	0.2%	(3)(7)(8)(10)
BPG Holdings IV Corp	First Lien Senior Secured Term Loan	SOFR + 7.85%, 11.6% PIK	03/23	07/29		14,839		14,368	11,575	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		5,830		5,827	5,288	0.5%	(7)(8)(13)
Cobham Slip Rings SAS	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.7% Cash	11/21	11/28		1,303		1,295	1,303	0.1%	(3)(7)(8)(13)
DAWGS Intermediate Holdings Co.	First Lien Senior Secured Term Loan	SOFR + 4.25%, 8.0% Cash	03/25	03/31		1,785		1,770	1,780	0.2%	(7)(8)(13)
DAWGS Intermediate Holdings Co.	Revolver	SOFR + 4.25%, 8.0% Cash	03/25	03/31		283		267	277	—%	(7)(8)(13)(30)
Kanawha Scales & Systems, LLC	First Lien Senior Secured Term Loan	SOFR + 4.25%, 7.9% Cash	11/25	11/32		451		444	445	—%	(7)(8)(13)(30)
Kanawha Scales & Systems, LLC	Revolver	SOFR + 4.25%, 7.9% Cash	11/25	11/32		35		34	34	—%	(7)(8)(13)(30)
Polara Enterprises, L.L.C.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.4% Cash	12/21	12/27		938		933	938	0.1%	(7)(8)(13)
Polara Enterprises, L.L.C.	Revolver	SOFR + 4.50%, 8.4% Cash	12/21	12/27		—		(7)	—	—%	(7)(8)(13)(30)
Process Equipment, Inc. (ProcessBarron)	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.2% Cash	03/19	03/28		5,253		5,250	5,253	0.5%	(7)(8)(14)
Process Insights Acquisition, Inc.	First Lien Senior Secured Term Loan	SOFR + 1.25%, 5.3% Cash, 4.6% PIK	07/23	07/29		5,690		5,614	4,797	0.4%	(7)(8)(13)
Process Insights Acquisition, Inc.	Revolver	SOFR + 1.25%, 5.3% Cash, 4.6% PIK	07/23	07/29		511		497	351	—%	(7)(8)(13)(30)
Rapid Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	10/24	10/30		5,385		5,328	5,330	0.5%	(7)(8)(14)(30)
Rapid Buyer LLC	Revolver	SOFR + 4.75%, 8.4% Cash	10/24	10/30		—		(10)	(10)	—%	(7)(8)(14)(30)
Tallman Equipment Co., Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	06/26	06/32		6,471		6,362	6,360	0.6%	(7)(8)(13)(30)
Tallman Equipment Co., Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	06/26	06/32		—		(14)	(15)	—%	(7)(8)(13)(30)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
TAPCO Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	11/24	11/30		$9,582			$9,472		$9,485	0.8%	(7)(8)(12)
TAPCO Buyer LLC	Revolver	SOFR + 5.00%, 8.7% Cash	11/24	11/30		212			197		198	—%	(7)(8)(12)(30)
Tencarva Machinery Company, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.6% Cash	12/21	12/27		9,250			9,106		9,139	0.8%	(7)(8)(13)(30)
Tencarva Machinery Company, LLC	Revolver	SOFR + 4.75%, 8.6% Cash	12/21	12/27		—			(12)		(16)	—%	(7)(8)(13)(30)
Subtotal Capital Equipment (6.3%)*				78,106			76,603			72,733
Chemicals, Plastics, & Rubber
Americo Chemical Products, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	04/23	04/29		4,821			4,766		4,773	0.4%	(7)(8)(12)
Americo Chemical Products, LLC	Revolver	SOFR + 5.25%, 8.9% Cash	04/23	04/29		—			(6)		(5)	—%	(7)(8)(12)(30)
AnalytiChem Holding GmbH	First Lien Senior Secured Term Loan	EURIBOR + 5.58%, 7.8% Cash	11/21	11/28		6,102			5,767		6,035	0.5%	(3)(7)(8)(11)
AnalytiChem Holding GmbH	First Lien Senior Secured Term Loan	SOFR + 5.58%, 9.4% Cash	06/22	11/28		1,019			1,019		1,007	0.1%	(3)(7)(8)(14)
G-3 Chickadee Purchaser, LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.4% Cash	10/25	10/31		11,756			11,541		11,547	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		314	—%	(7)(8)(13)(26)
Subtotal Chemicals, Plastics, & Rubber (2.1%)*			24,692		24,081			23,671
Construction & Building
AMP Purchaser, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	04/26	04/33		5,732			5,704		5,706	0.5%	(7)(8)(13)
AMP Purchaser, LLC	Revolver	SOFR + 4.50%, 8.2% Cash	04/26	04/33		—			(4)		(4)	—%	(7)(8)(13)(30)
BKF Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.1% Cash	08/24	08/30		4,178			4,130		4,120	0.4%	(7)(8)(12)(30)
BKF Buyer, Inc.	Revolver	SOFR + 4.50%, 8.1% Cash	08/24	08/30		—			(27)		(40)	—%	(7)(8)(12)(30)
GMES LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	09/25	09/31		8,380			8,280		8,298	0.7%	(7)(8)(13)(30)
GMES LLC	Revolver	SOFR + 5.25%, 9.0% Cash	09/25	09/31		204			192		194	—%	(7)(8)(13)(30)
Lockmasters Security Intermediate, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	05/25	09/27		3,223			3,206		3,215	0.3%	(7)(8)(13)(30)
Lockmasters Security Intermediate, Inc.	Revolver	SOFR + 5.00%, 8.7% Cash	05/25	09/27		—			(3)		(2)	—%	(7)(8)(13)(30)
Subtotal Construction & Building (1.9%)*				21,717			21,478			21,487
Consumer goods: Durable
BCTS Parent, LLC	First Lien Senior Secured Term Loan	CORRA + 4.75%, 7.3% Cash	04/26	12/31		1,237			1,237		1,215	0.1%	(3)(7)(8)(19)(30)
BCTS Parent, LLC	Revolver	CORRA + 4.75%, 7.3% Cash	04/26	12/31		251			249		245	—%	(3)(7)(8)(19)(30)
HTI Technology & Industries	First Lien Senior Secured Term Loan	SOFR + 8.50%, 12.4% Cash	07/22	06/27		11,091			11,050		10,959	1.0%	(7)(8)(13)(30)
HTI Technology & Industries	Revolver	SOFR + 8.50%, 12.4% Cash	07/22	06/27		—			(3)		(8)	—%	(7)(8)(13)(30)
Lifestyle Intermediate II, LLC	First Lien Senior Secured Term Loan	SOFR + 7.00%, 11.0% Cash	02/22	12/27		2,879			2,879		1,812	0.2%	(7)(8)(13)(28)
Main Line Commercial Pools LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	04/26	04/33		2,047			1,994		1,992	0.2%	(7)(8)(13)(30)
Main Line Commercial Pools LLC	Revolver	SOFR + 5.25%, 8.9% Cash	04/26	04/33		—			(7)		(7)	—%	(7)(8)(13)(30)
Momentum Textiles, LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	03/25	03/29		7,236			7,185		7,180	0.6%	(7)(8)(13)
Momentum Textiles, LLC	Revolver	SOFR + 5.50%, 9.2% Cash	03/25	03/29		—			(6)		(7)	—%	(7)(8)(13)(30)
Renovation Parent Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash	11/21	11/27		4,648			4,620		4,648	0.4%	(7)(8)(13)
Team Air Distributing, LLC	Subordinated Term Loan	14.0% PIK	05/23	05/28		812			803		737	0.1%	(7)(26)
Terrybear, Inc.	Subordinated Term Loan	14.0% PIK	04/22	04/28		300			297		166	—%	(7)(26)
Victoria Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 6.50%, 10.2% Cash	03/22	09/30		4,138			4,107		3,960	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
Vista Acquisition, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.6% Cash	05/26	05/33		$8,767			$8,671		$8,669	0.8%	(7)(8)(12)(30)
Vista Acquisition, LLC	Revolver	SOFR + 5.00%, 8.6% Cash	05/26	05/33		—			(9)		(9)	—%	(7)(8)(12)(30)
Subtotal Consumer goods: Durable (3.6%)*				43,406			43,067			41,552
Consumer goods: Non-durable
Bidwax	First Lien Senior Secured Term Loan	EURIBOR + 6.25%, 8.6% Cash	02/21	02/28		8,003			8,201		7,971	0.7%	(3)(7)(8)(11)
CCFF Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.6% Cash	02/24	02/30		6,022			5,929		5,990	0.5%	(7)(8)(13)(30)
CCFF Buyer, LLC	Revolver	SOFR + 5.00%, 8.6% Cash	02/24	02/30		—			(13)		(5)	—%	(7)(8)(13)(30)
David Wood Baking UK Ltd	First Lien Senior Secured Term Loan	SONIA + 11.00%, 14.7% Cash	04/24	04/29		944			864		872	0.1%	(3)(7)(8)(16)
Ice House America, L.L.C.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.7% Cash	01/24	01/30		4,577			4,508		4,409	0.4%	(7)(8)(13)(30)
Ice House America, L.L.C.	Revolver	SOFR + 6.00%, 9.7% Cash	01/24	01/30		378			373		364	—%	(7)(8)(13)(30)
Safety Products Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	12/20	12/28		8,709			8,698		8,709	0.8%	(7)(8)(13)
Subtotal Consumer goods: Non-durable (2.5%)*			28,633		28,560			28,310
Containers, Packaging, & Glass
BLI Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	10/25	10/31		2,574			2,544		2,548	0.2%	(7)(8)(13)(30)
BLI Buyer, Inc.	Revolver	SOFR + 5.00%, 8.7% Cash	10/25	10/31		143			137		138	—%	(7)(8)(13)(30)
Diversified Packaging Holdings LLC	Second Lien Senior Secured Term Loan	11.0% Cash	06/24	06/29		1,048			1,034		1,031	0.1%	(7)
Five Star Holding LLC	Second Lien Senior Secured Term Loan	SOFR + 7.25%, 10.9% Cash	05/22	05/30		13,692			13,537		13,692	1.2%	(7)(8)(13)
Media Recovery, Inc. (SpotSee)	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	09/24	09/30		1,703			1,684		1,703	0.1%	(7)(8)(13)
Media Recovery, Inc. (SpotSee)	First Lien Senior Secured Term Loan	SONIA + 4.50%, 8.2% Cash	09/24	09/30		3,533			3,531		3,533	0.3%	(7)(8)(15)
Media Recovery, Inc. (SpotSee)	Revolver	SOFR + 4.50%, 8.2% Cash	09/24	09/30		—			(7)		—	—%	(7)(8)(13)(30)
Media Recovery, Inc. (SpotSee)	Revolver	SONIA + 4.50%, 8.2% Cash	09/24	09/30		—			(9)		—	—%	(7)(8)(15)(30)
MSI Express Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	03/25	03/31		2,219			2,198		2,135	0.2%	(7)(8)(12)
MSI Express Inc.	Revolver	SOFR + 3.75%, 7.5% Cash	03/25	03/31		1,313			1,294		1,264	0.1%	(7)(8)(13)(30)
OG III B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.65%, 7.9% Cash	06/21	06/28		3,620			3,713		3,464	0.3%	(3)(7)(8)(10)
Tank Holding Corp	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.5% Cash	03/22	03/28		7,780			7,719		7,337	0.6%	(7)(8)(12)
Tank Holding Corp	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.7% Cash	05/23	03/28		2,994			2,957		2,835	0.2%	(7)(8)(12)
Tank Holding Corp	Revolver	SOFR + 5.75%, 9.5% Cash	03/22	03/28		102			96		52	—%	(7)(8)(12)(30)
Subtotal Containers, Packaging, & Glass (3.5%)*			40,721		40,428			39,732
Energy: Electricity
WWEC Holdings III Corp	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	10/22	10/28		12,034			11,914		11,986	1.0%	(7)(8)(13)
WWEC Holdings III Corp	Revolver	SOFR + 5.25%, 9.0% Cash	10/22	10/28		—			(24)		(10)	—%	(7)(8)(13)(30)
Subtotal Energy: Electricity (1.0%)*				12,034			11,890			11,976
Environmental Industries
CTS US Bidco, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.7% Cash	11/25	11/31		3,793			3,722		3,823	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		5,980			5,969		5,980	0.5%	(7)(8)(13)
Northstar Recycling, LLC	First Lien Senior Secured Term Loan	SOFR + 4.40%, 8.1% Cash	12/24	12/30		12,542			12,429		12,542	1.1%	(7)(8)(13)
Northstar Recycling, LLC	Revolver	SOFR + 4.40%, 8.1% Cash	12/24	12/30		—			(31)		—	—%	(7)(8)(13)(30)
Subtotal Environmental Industries (2.0%)*				22,315			22,089			22,345

Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount	Cost	FairValue	% of Net Assets *	Notes
Healthcare & Pharmaceuticals
A.T. Holdings II LTD	First Lien Senior Secured Term Loan	1.9% Cash, 12.4% PIK	11/22	09/29	$14,654	$11,875	$7,459	0.7%	(3)(7)(27)
Amalfi Midco	Second Lien Senior Secured Term Loan	15.5% Cash	09/22	10/28	384	378	384	—%	(3)(7)
Amalfi Midco	Subordinated Loan Notes	2.0% Cash, 9.0% PIK	09/22	09/28	4,117	3,718	3,924	0.3%	(3)(7)
Astra Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.2% Cash	11/21	11/28	437	408	437	—%	(3)(7)(8)(10)
Astra Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.00%, 8.7% Cash	11/21	11/28	2,569	2,534	2,569	0.2%	(3)(7)(8)(16)
Avance Clinical Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 4.50%, 8.9% Cash	11/21	11/27	1,671	1,703	1,671	0.1%	(3)(7)(8)(18)
Canadian Orthodontic Partners Corp.	Super Senior Secured Term Loan	17.0% Cash	04/24	12/26	79	79	229	—%	(3)(7)(30)
Canadian Orthodontic Partners Corp.	First Lien Senior Secured Term Loan	CORRA + 7.00%, 9.3% PIK	06/21	12/26	2,087	1,850	121	—%	(3)(7)(8)(20)(26)
Ceres Pharma NV	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.5% Cash	10/21	10/28	3,540	3,314	3,525	0.3%	(3)(7)(8)(11)
Ceres Pharma NV	First Lien Senior Secured Term Loan	EURIBOR + 7.00%, 9.5% Cash	05/25	05/30	648	649	648	0.1%	(3)(7)(8)(11)
Coherus Biosciences, Inc.	First Lien Senior Secured Term Loan	SOFR + 8.00%, 11.7% Cash	05/24	05/29	3,991	3,914	3,923	0.3%	(7)(8)(13)
Dane Street, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	03/26	03/33	1,145	1,124	1,125	0.1%	(7)(8)(13)(30)
Dane Street, LLC	Revolver	SOFR + 4.50%, 8.2% Cash	03/26	03/33	—	(5)	(5)	—%	(7)(8)(13)(30)
EB Development	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.3% Cash	11/24	11/31	2,012	1,808	1,972	0.2%	(3)(7)(8)(10)
EB Development	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	06/26	11/31	1,558	1,558	1,527	0.1%	(3)(7)(8)(13)
Faraday	First Lien Senior Secured Term Loan	EURIBOR + 6.10%, 8.4% Cash	01/23	01/29	1,741	1,635	1,741	0.2%	(3)(7)(8)(10)
Finexvet	First Lien Senior Secured Term Loan	EURIBOR + 4.00%, 6.6% Cash	03/22	03/29	5,343	5,082	4,894	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	6,047	5,984	5,648	0.5%	(7)(8)(13)
Forest Buyer, LLC	Revolver	SOFR + 5.00%, 8.7% Cash	03/24	03/30	—	(5)	(20)	—%	(7)(8)(13)(30)
GCDL LLC	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.7% Cash	08/24	08/30	612	608	612	0.1%	(7)(8)(13)
GCDL LLC	Revolver	SOFR + 6.00%, 9.7% Cash	08/24	08/30	—	(1)	—	—%	(7)(8)(13)(30)
GPNZ II GmbH	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.9% PIK	06/22	06/29	492	444	—	—%	(3)(7)(8)(9)(26)
GPNZ II GmbH	First Lien Senior Secured Term Loan	10.0% PIK	06/22	06/29	571	551	14	—%	(3)(7)(30)
Groupe Product Life	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 8.0% Cash	10/22	10/29	540	482	410	—%	(3)(7)(8)(10)(30)
HeartHealth Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.00%, 9.5% Cash	09/22	09/28	886	815	870	0.1%	(3)(7)(8)(18)(30)
Heartland Veterinary Partners, LLC	Subordinated Term Loan	11.0% PIK	11/21	12/28	16,504	16,405	15,745	1.4%	(7)
HemaSource, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.1% Cash	08/23	08/29	2,616	2,577	2,616	0.2%	(7)(8)(12)(30)
HemaSource, Inc.	Revolver	SOFR + 4.50%, 8.1% Cash	08/23	08/29	135	111	135	—%	(7)(8)(12)(30)
Home Care Assistance, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash, 1.0% PIK	03/21	09/27	3,794	3,743	3,160	0.3%	(7)(8)(13)
Jon Bidco Limited	First Lien Senior Secured Term Loan	BKBM + 4.00%, 6.8% Cash	07/25	03/27	1,981	2,152	1,965	0.2%	(3)(7)(8)(22)(30)
Keystone Bidco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.8% Cash	08/24	08/31	917	875	898	0.1%	(3)(7)(8)(11)(30)
Lambir Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 6.25%, 8.5% Cash	12/21	12/28	404	377	382	—%	(3)(7)(8)(10)
Lambir Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 9.1% Cash	12/21	12/28	1,957	1,905	1,849	0.2%	(3)(7)(8)(11)
Lambir Bidco Limited	Second Lien Senior Secured Term Loan	12.0% PIK	12/21	06/29	2,426	2,357	2,176	0.2%	(3)(7)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Matrix Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	04/26	04/32		$1,787		$1,766	$1,765	0.2%	(7)(8)(13)(30)
Matrix Buyer, LLC	Revolver	SOFR + 4.75%, 8.5% Cash	04/26	04/32		53		49	49	—%	(7)(8)(13)(30)
Medical Solutions Parent Holdings, Inc.	Second Out Term Loan	SOFR + 3.50%, 7.1% Cash	06/26	11/30		1,156		115	237	—%	(8)(12)
Medical Solutions Parent Holdings, Inc.	Third Out Term Loan	SOFR + 7.00%, 10.8% Cash	06/26	11/31		1,767		109	212	—%	(8)(12)
Moonlight Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.10%, 8.8% Cash	07/23	07/30		2,259		2,195	2,259	0.2%	(3)(7)(8)(15)(30)
Napa Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.00%, 9.5% Cash	03/22	03/28		13,942		14,369	13,942	1.2%	(3)(7)(8)(18)
NPM Investments 28 B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.45%, 7.7% Cash	09/22	10/29		2,329		2,009	2,329	0.2%	(3)(7)(8)(10)(30)
Ocular Therapeutix, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.75%, 10.4% Cash	08/23	07/29		3,930		3,859	4,625	0.4%	(3)(7)(8)(12)
Oracle Vision Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.20%, 8.9% Cash	06/21	06/28		3,038		3,195	2,774	0.2%	(3)(7)(8)(16)
Pare SAS (SAS Maurice MARLE)	First Lien Senior Secured Term Loan	EURIBOR + 5.15%, 7.4% Cash	12/19	12/26		2,587		2,517	2,587	0.2%	(3)(7)(8)(10)
Pare SAS (SAS Maurice MARLE)	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.3% Cash	11/22	12/26		1,300		1,300	1,300	0.1%	(3)(7)(8)(13)
Parkview Dental Holdings LLC	First Lien Senior Secured Term Loan	SOFR + 8.30%, 11.8% Cash	10/23	10/29		624		616	623	0.1%	(7)(8)(12)
Pepper Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 4.75%, 9.3% Cash	02/26	02/32		1,756		1,745	1,699	0.1%	(3)(7)(8)(18)(30)
Sanoptis S.A.R.L.	First Lien Senior Secured Term Loan	EURIBOR + 4.75%, 6.8% Cash	06/22	07/29		5,702		5,278	5,624	0.5%	(3)(7)(8)(10)(30)
Sanoptis S.A.R.L.	First Lien Senior Secured Term Loan	SARON + 4.75%, 4.8% Cash	06/22	07/29		3,951		3,477	3,902	0.3%	(3)(7)(8)(23)
SCP CDH Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	12/25	12/32		8,370		8,286	8,295	0.7%	(7)(8)(13)(30)
SCP CDH Buyer, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	12/25	12/32		—		(9)	(8)	—%	(7)(8)(13)(30)
SCP Medical Products, LLC.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	06/25	06/31		2,024		2,002	2,007	0.4%	(7)(8)(13)
SCP Medical Products, LLC.	Revolver	SOFR + 4.75%, 8.5% Cash	06/25	06/31		85		83	84	0.4%	(7)(8)(13)(30)
Smile Brands Group Inc.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 8.3% Cash, 1.5% PIK	10/18	07/29		5,341		5,321	4,193	0.4%	(7)(8)(13)
SSCP Pegasus Midco Limited	First Lien Senior Secured Term Loan	SONIA + 5.25%, 9.0% Cash	03/26	12/32		1,752		1,722	1,715	0.1%	(3)(7)(8)(15)(30)
SSCP Spring Bidco 3 Limited	First Lien Senior Secured Term Loan	SONIA + 6.45%, 10.2% Cash	11/23	08/30		1,017		941	1,013	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		4,280		4,265	4,280	0.1%	(7)(8)(12)(30)
Swoop Intermediate III, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	04/25	04/32		—		(3)	—	0.1%	(7)(8)(12)(30)
TA KHP Aggregator, L.P.	First Lien Senior Secured Term Loan	SOFR + 4.25%, 8.0% Cash	06/25	06/32		1,025		1,006	1,011	0.1%	(7)(8)(13)(30)
TA KHP Aggregator, L.P.	Revolver	SOFR + 4.25%, 8.0% Cash	06/25	06/32		—		(4)	(3)	0.1%	(7)(8)(13)(30)
TA KHP Aggregator, L.P.	Subordinated Term Loan	12.3% PIK	06/25	12/32		2,535		2,509	2,518	0.1%	(7)
UNA 658 Equity Management GmbH	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.6% Cash	06/26	05/33		1,304		1,305	1,281	0.1%	(3)(7)(8)(10)(30)
Union Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 4.30%, 8.0% Cash	06/22	06/29		1,053		959	1,053	0.1%	(3)(7)(8)(16)
Unither (Uniholding)	First Lien Senior Secured Term Loan	EURIBOR + 4.95%, 7.2% Cash	03/23	03/30		648		608	648	0.1%	(3)(7)(8)(10)(30)
Unosquare, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	06/25	06/31		2,405		2,348	2,175	0.2%	(7)(8)(12)(30)
Unosquare, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	06/25	06/31		—		(8)	(34)	—%	(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		46,796		45,392	45,393	4.0%	(7)(8)(13)
Subtotal Healthcare & Pharmaceuticals (16.8%)*			210,674		200,326		192,152

Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount	Cost	FairValue	% of Net Assets *	Notes
High Tech Industries
Argus Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 6.70%, 10.4% Cash	07/22	07/29	$1,521	$1,352	$1,376	0.1%	(3)(7)(8)(16)
Argus Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 6.70%, 9.2% Cash	07/22	07/29	2,163	1,945	1,957	0.2%	(3)(7)(8)(11)
Argus Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 6.70%, 10.3% Cash	07/22	07/29	138	136	125	—%	(3)(7)(8)(14)
Argus Bidco Limited	Second Lien Senior Secured Term Loan	10.5% PIK	07/22	07/29	780	678	683	0.1%	(3)(7)
Argus Bidco Limited	Subordinated Loan	24.0% Cash	04/26	03/33	15	15	15	—%	(3)(7)
Bitly, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	11/25	11/31	2,306	2,284	2,287	0.2%	(7)(8)(12)
Bitly, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	11/25	11/31	—	(2)	(1)	—%	(7)(8)(12)(30)
CH Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 6.25%, 9.9% Cash	05/25	05/31	870	857	870	0.1%	(7)(8)(13)
CH Buyer, LLC	Revolver	SOFR + 6.25%, 9.9% Cash	05/25	05/31	—	(1)	—	—%	(7)(8)(13)(30)
Contabo Finco S.À R.L	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.4% Cash	10/22	10/29	5,324	4,584	5,324	0.5%	(3)(7)(8)(10)
CW Group Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	01/21	07/27	5,147	5,063	5,147	0.4%	(7)(8)(13)(30)
Discovery Buyer, L.P.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	02/25	02/32	17,024	16,820	16,892	1.5%	(7)(8)(13)(30)
Discovery Buyer, L.P.	Revolver	SOFR + 5.00%, 8.7% Cash	02/25	02/32	—	(18)	(12)	—%	(7)(8)(13)(30)
Durare Bidco, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	08/25	08/32	1,826	1,805	1,797	0.2%	(7)(8)(13)(30)
Durare Bidco, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	08/25	08/32	—	(8)	(12)	—%	(7)(8)(13)(30)
Dwyer Instruments, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	07/21	07/29	14,366	14,229	14,366	1.3%	(7)(8)(13)
Eurofins Digital Testing International LUX Holding SARL	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.6% Cash, 1.0% PIK	12/22	12/29	720	468	596	0.1%	(3)(7)(8)(11)
Eurofins Digital Testing International LUX Holding SARL	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.9% Cash, 1.0% PIK	12/22	12/29	362	234	300	—%	(3)(7)(8)(13)
Eurofins Digital Testing International LUX Holding SARL	First Lien Senior Secured Term Loan	SONIA + 6.00%, 10.0% Cash, 1.0% PIK	12/22	12/29	1,123	690	930	0.1%	(3)(7)(8)(16)
Eurofins Digital Testing International LUX Holding SARL	Subordinated Term Loan	EURIBOR + 7.00%, 9.1% PIK	10/25	12/29	4,147	1,523	—	—%	(3)(7)(8)(10)(26)
Everest Midco Limited	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.3% Cash	01/26	01/33	783	792	777	0.1%	(3)(7)(8)(10)
Everest Midco Limited	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	01/26	01/33	3,231	3,184	3,191	0.3%	(3)(7)(8)(13)(30)
Everest Midco Limited	Revolver	SOFR + 4.75%, 8.5% Cash	01/26	01/33	—	(8)	(7)	—%	(3)(7)(8)(13)(30)
EZ SMBO Bidco	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.6% Cash	04/25	04/32	885	808	832	0.1%	(3)(7)(8)(11)(30)
EZ SMBO Bidco	First Lien Senior Secured Term Loan	CORRA + 5.00%, 7.3% Cash	04/25	04/32	895	913	883	0.1%	(3)(7)(8)(20)
EZ SMBO Bidco	First Lien Senior Secured Term Loan	EURIBOR + 8.00%, 10.8% PIK	04/25	04/32	750	714	740	0.1%	(3)(7)(8)(11)
EZ SMBO Bidco	Subordinated Term Loan	EURIBOR + 8.00%, 10.3% Cash	03/26	04/33	333	332	329	—%	(3)(7)(8)(10)
FSS Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.1% Cash	04/25	08/31	4,230	4,230	4,230	0.4%	(7)(8)(12)
FSS Buyer LLC	Revolver	SOFR + 4.50%, 8.1% Cash	04/26	08/30	—	—	—	—%	(7)(8)(12)(30)
Haystack Holdings LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	01/25	01/28	8,834	8,776	8,777	0.8%	(7)(8)(14)(30)
Haystack Holdings LLC	Revolver	SOFR + 4.75%, 8.4% Cash	01/25	01/28	—	(8)	(8)	—%	(7)(8)(14)(30)
Heavy Construction Systems Specialists, LLC	First Lien Senior Secured Term Loan	SOFR + 6.75%, 10.5% Cash	11/21	11/28	7,110	7,064	7,110	0.6%	(7)(8)(13)

Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount	Cost	FairValue	% of Net Assets *	Notes
Heavy Construction Systems Specialists, LLC	Revolver	SOFR + 6.75%, 10.5% Cash	11/21	11/27	$—	$(12)	$—	—%	(7)(8)(13)(30)
HW Holdco, LLC (Hanley Wood LLC)	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.5% Cash	12/18	05/27	10,019	9,986	10,019	0.9%	(7)(8)(13)
Lattice Group Holdings Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	05/22	05/29	738	720	680	0.1%	(3)(7)(8)(14)(30)
Lattice Group Holdings Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.75%, 9.5% Cash	05/22	05/29	214	216	205	—%	(3)(7)(8)(16)
Lattice Group Holdings Bidco Limited	Revolver	SOFR + 5.25%, 8.9% Cash	05/22	11/28	35	35	34	—%	(3)(7)(8)(14)
Lighthouse Finco SARL	First Lien Senior Secured Term Loan	EURIBOR + 4.75%, 6.9% Cash	02/26	02/33	705	722	699	0.1%	(3)(7)(8)(10)
Lighthouse Finco SARL	First Lien Senior Secured Term Loan	SONIA + 4.75%, 8.5% Cash	02/26	02/33	1,652	1,658	1,632	0.1%	(3)(7)(8)(15)(30)
Maia Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	12/25	11/32	2,508	2,467	2,473	0.2%	(3)(7)(8)(13)
Maia Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.25%, 9.0% Cash	12/25	11/32	862	834	831	0.1%	(3)(7)(8)(15)(30)
Maia Bidco Limited	Revolver	SONIA + 5.25%, 9.0% Cash	12/25	08/26	—	—	(5)	—%	(3)(7)(8)(15)(30)
NAW Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	09/23	09/29	14,852	14,596	14,822	1.3%	(7)(8)(13)(30)
NAW Buyer LLC	Revolver	SOFR + 4.75%, 8.4% Cash	09/23	09/29	—	(26)	(3)	—%	(7)(8)(13)(30)
NeoxCo	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 8.8% Cash	01/23	01/30	2,734	2,541	2,734	0.2%	(3)(7)(8)(11)
Next Holdco, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	11/23	11/30	22,037	21,843	21,998	1.9%	(7)(8)(13)
Next Holdco, LLC	Revolver	SOFR + 5.25%, 8.9% Cash	11/23	11/29	—	(6)	(1)	—%	(7)(8)(13)(30)
ORTEC International Newco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.6% Cash	12/23	12/30	1,045	980	1,045	0.1%	(3)(7)(8)(10)
OSP Hamilton Purchaser, LLC	First Lien Senior Secured Term Loan	SOFR + 4.25%, 7.9% Cash	12/21	12/29	18,153	18,002	17,971	1.6%	(7)(8)(13)
OSP Hamilton Purchaser, LLC	Revolver	SOFR + 4.25%, 7.9% Cash	12/21	12/29	687	674	669	0.1%	(7)(8)(13)(30)
OSP Lakeside Intermediate Holdings 2, LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.1% Cash	10/25	10/31	4,243	4,187	3,972	0.3%	(7)(8)(12)
OSP Lakeside Intermediate Holdings 2, LLC	Revolver	SOFR + 5.50%, 9.1% Cash	10/25	10/31	—	(10)	(47)	—%	(7)(8)(12)(30)
PDQ.Com Corporation	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	08/21	10/32	13,221	13,162	13,049	1.1%	(7)(8)(13)
PowerGEM Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	11/24	11/31	5,767	5,671	5,625	0.5%	(7)(8)(13)(30)
PowerGEM Buyer, Inc.	Revolver	SOFR + 4.75%, 8.4% Cash	11/24	11/31	—	(7)	(12)	—%	(7)(8)(13)(30)
ProfitOptics, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	03/22	03/28	1,586	1,576	1,577	0.1%	(7)(8)(12)
ProfitOptics, LLC	Revolver	SOFR + 5.00%, 8.7% Cash	03/22	03/28	—	(3)	(3)	—%	(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 + 4.25%, 7.9% Cash	09/24	09/30	7,670	7,591	7,640	0.7%	(7)(8)(12)
Pro-Vision Solutions Holdings, LLC	Revolver	SOFR + 4.25%, 7.9% Cash	09/24	09/30	208	187	199	—%	(7)(8)(12)(30)
PSP Intermediate 4, LLC	First Lien Senior Secured Term Loan	EURIBOR + 4.75%, 7.0% Cash	05/22	05/29	934	855	930	0.1%	(3)(7)(8)(10)
PSP Intermediate 4, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	05/22	05/29	1,411	1,399	1,404	0.1%	(3)(7)(8)(13)
RA Outdoors, LLC	First Lien Senior Secured Term Loan	SOFR + 6.75%, 10.6% PIK	02/22	06/27	15,815	14,971	7,828	0.7%	(7)(8)(14)(26)(28)
RA Outdoors, LLC	Revolver	SOFR + 6.75%, 10.6% PIK	02/22	06/27	1,512	1,430	749	0.1%	(7)(8)(14)(26)(28)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Saab Purchaser, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	11/24	11/31		$13,559			$13,449		$13,423	1.2%	(7)(8)(13)
Saab Purchaser, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	11/24	11/31		—			(18)		(24)	—%	(7)(8)(13)(30)
Scout Bidco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 8.0% Cash	05/22	05/29		3,653			3,381		3,525	0.3%	(3)(7)(8)(11)
Scout Bidco B.V.	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.3% Cash	08/23	05/29		443			443		428	—%	(3)(7)(8)(14)
Scout Bidco B.V.	Revolver	EURIBOR + 5.50%, 7.8% Cash	05/22	05/29		441			445		403	—%	(3)(7)(8)(10)(30)
Sinari Invest	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 9.1% Cash	07/23	07/30		2,089			1,956		1,717	0.1%	(3)(7)(8)(10)(30)
Sonicwall US Holdings Inc	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	04/26	05/28		2,044			631		783	0.1%	(8)(13)
Sonicwall US Holdings Inc	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	06/25	05/28		2,872			2,833		1,101	0.1%	(8)(13)
Stage 3 Holdco LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.1% Cash	06/26	06/32		2,941			2,886		2,886	0.3%	(7)(8)(12)(30)
Stage 3 Holdco LLC	Revolver	SOFR + 5.50%, 9.1% Cash	06/26	06/32		—			(7)		(7)	—%	(7)(8)(12)(30)
Syntax Midco 2 Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.1% Cash	10/25	10/32		2,633			2,596		2,602	0.2%	(7)(8)(12)(30)
Syntax Midco 2 Inc.	Revolver	SOFR + 4.50%, 8.1% Cash	10/25	10/32		518			489		493	—%	(7)(8)(12)(30)
White Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	10/23	10/30		2,275			2,235		2,257	0.2%	(3)(7)(8)(13)
Zelda Luxco S.A.S	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.4% Cash	07/25	03/32		1,706			1,693		1,671	0.1%	(3)(7)(8)(11)(30)
Subtotal High Tech Industries (20.0%)*				248,746			238,783			229,544
Hotel, Gaming, & Leisure
Featherstone Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.6% 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%, 9.7% Cash	05/25	05/31		1,289			1,284		1,289	0.1%	(3)(7)(8)(16)
Subtotal Hotel, Gaming, & Leisure (0.2%)*				2,298			2,293			2,298
Media: Advertising, Printing, & Publishing
ASC Communications, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.1% Cash	07/22	07/28		4,716			4,698		4,691	0.4%	(7)(8)(12)
ASC Communications, LLC	Revolver	SOFR + 4.50%, 8.1% Cash	07/22	07/28		—			(4)		(6)	—%	(7)(8)(12)(30)
Superjet Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 5.05%, 8.7% Cash	12/21	05/30		4,574			4,538		4,505	0.4%	(7)(8)(13)
Superjet Buyer, LLC	Revolver	SOFR + 5.05%, 8.7% Cash	12/21	05/30		—			(10)		(22)	—%	(7)(8)(13)(30)
Subtotal Media: Advertising, Printing, & Publishing (0.8%)*			9,290		9,222			9,168
Media: Broadcasting & Subscription
Music Reports, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.8% Cash	08/20	08/26		6,923			6,917		6,812	0.6%	(7)(8)(13)
The Octave Music Group, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	06/24	03/29		59			59		53	—%	(8)(13)
Subtotal Media: Broadcasting & Subscription (0.6%)*			6,982		6,976			6,865
Media: Diversified & Production
BrightSign LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	10/21	10/28		4,996			4,983		4,922	0.4%	(7)(8)(12)
BrightSign LLC	Revolver	SOFR + 5.25%, 9.0% Cash	10/21	10/28		—			(3)		(20)	—%	(7)(8)(12)(30)
CM Acquisitions Holdings Inc.	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	05/19	01/28		6,649			6,628		6,649	0.6%	(7)(8)(13)
Footco 40 Limited	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.5% Cash	04/22	04/29		241			223		232	—%	(3)(7)(8)(10)
Footco 40 Limited	First Lien Senior Secured Term Loan	SONIA + 6.00%, 9.7% Cash	04/22	04/29		1,695			1,649		1,634	0.1%	(3)(7)(8)(15)
London Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	06/26	07/33		11,488			11,360		11,360	1.0%	(7)(8)(13)(30)
London Buyer, LLC	Revolver	SOFR + 5.00%, 8.7% Cash	06/26	07/33		—			(22)		(22)	—%	(7)(8)(13)(30)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Murphy Midco Limited	First Lien Senior Secured Term Loan	SONIA + 6.25%, 10.3% Cash	11/20	04/29		$1,739			$1,728		$1,450	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		6,438			6,319		6,438	0.6%	(7)(8)(12)
Rock Labor LLC	Revolver	SOFR + 5.50%, 9.2% Cash	09/23	09/29		—			(18)		—	—%	(7)(8)(12)(30)
Screenvision, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	04/25	04/30		5,158			5,076		5,079	0.4%	(7)(8)(13)
Screenvision, LLC	Revolver	SOFR + 5.00%, 8.7% Cash	04/25	04/30		—			(9)		(9)	—%	(7)(8)(13)(30)
Screenvision, LLC	Second Lien Senior Secured Term Loan	SOFR + 8.50%, 12.2% Cash	04/25	04/30		33,528			32,432		32,502	2.8%	(7)(8)(13)
Solo Buyer, L.P.	First Lien Senior Secured Term Loan	SOFR + 6.25%, 9.9% Cash	12/22	11/29		15,099			14,879		14,601	1.3%	(7)(8)(13)
Solo Buyer, L.P.	Revolver	SOFR + 6.25%, 9.9% Cash	12/22	12/28		831			810		765	0.1%	(7)(8)(13)(30)
Vital Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	06/21	06/30		13,201			13,103		13,124	1.1%	(7)(8)(13)
Subtotal Media: Diversified & Production (8.6%)*			101,063		99,138			98,705
Metals & Mining
Arch Global Precision LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.6% Cash	04/19	05/28		8,848			8,848		8,264	0.7%	(7)(8)(13)
Subtotal Metals & Mining (0.7%)*				8,848			8,848			8,264
Services: Business
Accelevation LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.6% Cash	01/25	01/31		6,165			6,073		6,065	0.5%	(7)(8)(12)(30)
Accelevation LLC	Revolver	SOFR + 5.00%, 8.6% Cash	01/25	01/31		—			(10)		(15)	—%	(7)(8)(12)(30)
Acclime Holdings HK Limited	Subordinated Term Loan	15.0% Cash	05/25	04/30		269			265		269	—%	(3)(7)
Acogroup	First Lien Senior Secured Term Loan	EURIBOR + 2.90%, 6.4% PIK, 4.0% PIK	03/22	04/28		8,468			8,051		1,566	0.1%	(3)(7)(8)(10)(26)
Adhefin International	First Lien Senior Secured Term Loan	EURIBOR + 4.98%, 7.3% Cash	05/23	05/30		2,313			2,194		2,280	0.2%	(3)(7)(8)(10)
AlliA Insurance Brokers NV	First Lien Senior Secured Term Loan	EURIBOR + 6.25%, 8.5% Cash	03/23	03/30		5,364			4,949		5,229	0.5%	(3)(7)(8)(10)
Apex Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 6.75%, 10.6% Cash	01/20	01/27		3,392			3,240		3,381	0.3%	(3)(7)(8)(15)
Apex Bidco Limited	Subordinated Senior Unsecured Term Loan	9.0% PIK	01/20	07/27		407			399		406	—%	(3)(7)
ARC Interco Purchaser, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	11/25	11/31		4,763			4,700		4,691	0.4%	(7)(8)(13)(30)
ARC Interco Purchaser, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	04/26	11/31		616			607		608	0.1%	(7)(8)(12)
ARC Interco Purchaser, LLC	Revolver	SOFR + 5.00%, 8.7% Cash	11/25	11/31		—			(13)		(16)	—%	(7)(8)(13)(30)
Artemis Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.5% Cash	11/24	11/31		638			593		623	0.1%	(3)(7)(8)(10)(30)
Auxi International	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.3% Cash	12/19	12/26		1,601			1,549		1,559	0.1%	(3)(7)(8)(10)
Auxi International	First Lien Senior Secured Term Loan	SONIA + 6.00%, 9.7% Cash	04/21	12/26		889			916		866	0.1%	(3)(7)(8)(15)
AWP Group Holdings, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 5.6% Cash, 3.3% PIK	04/26	12/32		8,528			8,466		8,464	0.7%	(7)(8)(12)
AWP Group Holdings, Inc.	Revolver	SOFR + 5.25%, 5.6% Cash, 3.3% PIK	04/26	12/32		395			384		384	—%	(7)(8)(12)(30)
Azalea Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	11/21	11/27		4,713			4,690		4,713	0.4%	(7)(8)(12)
Azalea Buyer, Inc.	Revolver	SOFR + 5.25%, 9.0% Cash	11/21	11/27		—			(2)		—	—%	(7)(8)(12)(30)
Azalea Buyer, Inc.	Subordinated Term Loan	12.0% PIK	11/21	05/28		2,165			2,156		2,165	0.2%	(7)
Basin Innovation Group, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	12/24	12/30		8,025			7,932		7,952	0.7%	(7)(8)(12)
Basin Innovation Group, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	12/24	12/30		—			(21)		(17)	—%	(7)(8)(12)(30)

Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount	Cost	FairValue	% of Net Assets *	Notes
BNI Global, LLC	First Lien Senior Secured Term Loan	EURIBOR + 5.50%, 7.7% Cash	02/24	05/27	$10,267	$9,676	$10,267	0.9%	(7)(8)(9)
Bounteous, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	08/21	08/29	4,043	4,027	4,029	0.4%	(7)(8)(13)
British Engineering Services Holdco Limited	First Lien Senior Secured Term Loan	SONIA + 2.80%, 6.7% Cash, 5.0% PIK	12/20	12/28	16,464	16,529	14,785	1.3%	(3)(7)(8)(16)
Broadway Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 4.25%, 8.0% Cash	12/25	12/32	2,163	2,128	2,132	0.2%	(7)(8)(13)(30)
Broadway Buyer, LLC	Revolver	SOFR + 4.25%, 8.0% Cash	12/25	12/32	116	107	108	—%	(7)(8)(13)(30)
Caldwell & Gregory LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	09/24	09/30	14,691	14,527	14,691	1.3%	(7)(8)(13)(30)
Caldwell & Gregory LLC	Revolver	SOFR + 4.75%, 8.5% Cash	09/24	09/30	—	(27)	—	—%	(7)(8)(13)(30)
CGI Parent, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	02/22	02/28	13,443	13,321	13,382	1.2%	(7)(8)(13)
CGI Parent, LLC	Revolver	SOFR + 4.50%, 8.2% Cash	02/22	02/28	—	(9)	(7)	—%	(7)(8)(13)(30)
Cherry Bekaert Advisory LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.6% Cash	06/26	06/30	9,335	9,172	9,175	0.8%	(7)(8)(13)(30)
Cherry Bekaert Advisory LLC	Revolver	SOFR + 5.00%, 8.6% Cash	06/26	06/30	980	969	966	0.1%	(7)(8)(13)
CloudOne Digital Corp.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	08/25	08/31	12,231	12,097	12,125	1.1%	(7)(8)(13)
CloudOne Digital Corp.	Revolver	SOFR + 4.75%, 8.4% Cash	08/25	08/31	—	(29)	(24)	—%	(7)(8)(13)(30)
CMT Opco Holding, LLC (Concept Machine)	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash, 1.0% PIK	01/20	02/27	4,721	4,711	4,149	0.4%	(7)(8)(13)
Comply365, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	04/22	12/29	10,756	10,661	10,721	0.9%	(7)(8)(13)
Comply365, LLC	Revolver	SOFR + 5.25%, 9.0% Cash	04/22	12/29	293	283	290	—%	(7)(8)(13)(30)
Coyo Uprising GmbH	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 9.0% Cash, 0.3% PIK	09/21	09/28	5,477	5,463	5,332	0.5%	(3)(7)(8)(11)(30)
DISA Holdings Corp.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	11/22	09/28	6,844	6,756	6,776	0.6%	(7)(8)(13)
DISA Holdings Corp.	Revolver	SOFR + 5.00%, 8.7% Cash	11/22	09/28	—	(6)	(4)	—%	(7)(8)(13)(30)
Dunlipharder B.V.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	06/22	06/28	1,000	994	1,000	0.1%	(3)(7)(8)(13)
EFC International	Senior Unsecured Term Loan	11.0% Cash, 2.5% PIK	03/23	05/28	837	822	828	0.1%	(7)
Electric Equipment & Engineering Co.	First Lien Senior Secured Term Loan	10.5% Cash, 3.0% PIK	12/24	12/30	735	723	722	0.1%	(7)
Events Software BidCo Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 6.50%, 10.6% Cash	03/22	03/28	1,723	1,837	1,585	0.1%	(3)(7)(8)(18)
Expert Institute Group Inc.	First Lien Senior Secured Term Loan	SOFR + 4.25%, 8.0% Cash	03/25	03/32	1,087	1,064	1,087	0.1%	(7)(8)(14)(30)
Expert Institute Group Inc.	Revolver	SOFR + 4.25%, 8.0% Cash	03/25	03/32	—	(5)	—	—%	(7)(8)(14)(30)
Greenhill II BV	First Lien Senior Secured Term Loan	EURIBOR + 4.85%, 7.1% Cash	07/22	07/29	1,716	1,584	1,711	0.1%	(3)(7)(8)(10)(30)
HEKA Invest	First Lien Senior Secured Term Loan	EURIBOR + 6.20%, 8.3% Cash	10/22	10/29	5,355	4,536	5,136	0.4%	(3)(7)(8)(10)
HS Advisory Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	03/25	03/30	2,350	2,317	2,321	0.2%	(7)(8)(13)(30)
HS Advisory Buyer LLC	Revolver	SOFR + 4.75%, 8.5% Cash	03/25	03/30	280	273	274	—%	(7)(8)(13)(30)
HSL Compliance	First Lien Senior Secured Term Loan	SONIA + 5.25%, 9.0% Cash	03/25	03/32	3,423	3,262	3,360	0.3%	(3)(7)(8)(15)(30)
Hydratech Holdings, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	09/24	12/29	8,968	8,911	8,895	0.8%	(7)(8)(13)(30)
Hydratech Holdings, Inc.	Revolver	SOFR + 5.25%, 9.0% Cash	09/24	12/29	803	796	794	0.1%	(7)(8)(13)(30)
IMS Services Enterprises, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	04/26	04/33	7,661	7,566	7,563	0.7%	(7)(8)(12)(30)

Portfolio Company(6)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount	Cost	FairValue	% of Net Assets *	Notes
IMS Services Enterprises, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	04/26	04/33	$115	$104	$104	—%	(7)(8)(12)(30)
Infoniqa Holdings GmbH	First Lien Senior Secured Term Loan	EURIBOR + 4.75%, 7.0% Cash	11/21	11/28	3,005	2,940	2,962	0.3%	(3)(7)(8)(11)
Integrated Precision Systems, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	05/26	05/32	6,914	6,828	6,826	0.6%	(7)(8)(12)(30)
Integrated Precision Systems, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	05/26	05/32	370	358	358	—%	(7)(8)(12)(30)
Interstellar Group B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.20%, 8.4% Cash	08/22	08/29	1,786	1,634	1,675	0.1%	(3)(7)(8)(10)(30)
Isolstar Holding NV (IPCOM)	First Lien Senior Secured Term Loan	EURIBOR + 5.50%, 7.5% Cash	10/22	10/29	5,706	4,868	5,661	0.5%	(3)(7)(8)(10)
LeadsOnline, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	02/22	02/30	9,914	9,861	9,868	0.9%	(7)(8)(13)
LeadsOnline, LLC	Revolver	SOFR + 4.50%, 8.2% Cash	02/22	02/30	—	(12)	(12)	—%	(7)(8)(13)(30)
LHS Borrower, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	08/25	09/31	9,073	8,952	8,837	0.8%	(7)(8)(12)
LHS Borrower, LLC	Revolver	SOFR + 5.25%, 8.9% Cash	08/25	09/31	214	203	193	—%	(7)(8)(12)(30)
Long Term Care Group, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.9% Cash	04/22	09/27	8,730	8,680	8,268	0.7%	(7)(8)(13)
MB Purchaser, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	01/24	01/30	3,803	3,753	3,763	0.3%	(7)(8)(12)(30)
MB Purchaser, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	01/24	01/30	—	(7)	(6)	—%	(7)(8)(12)(30)
MC Group Ventures Corporation	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	06/24	06/27	5,682	5,658	5,296	0.5%	(7)(8)(13)
MC Group Ventures Corporation	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.3% Cash	07/21	06/27	4,300	4,282	4,025	0.4%	(7)(8)(13)
MIV Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.5% Cash	09/25	09/31	3,319	3,271	3,279	0.3%	(7)(8)(13)(30)
MIV Buyer, LLC	Revolver	SOFR + 4.75%, 8.5% Cash	09/25	09/31	—	(5)	(5)	—%	(7)(8)(13)(30)
Nationwide Legal Services, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.1% Cash	05/26	05/32	8,015	7,882	7,881	0.7%	(7)(8)(13)(30)
Nationwide Legal Services, LLC	Revolver	SOFR + 4.50%, 8.1% Cash	05/26	05/32	—	(15)	(15)	—%	(7)(8)(13)(30)
NF Holdco, LLC	First Lien Senior Secured Term Loan	SOFR + 6.50%, 10.2% Cash	03/23	04/29	6,203	6,102	5,713	0.5%	(7)(8)(13)
NF Holdco, LLC	Revolver	SOFR + 6.50%, 10.2% Cash	03/23	04/29	873	857	786	0.1%	(7)(8)(13)(30)
Origin Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.4% Cash	06/21	06/28	339	357	339	—%	(3)(7)(8)(10)
Origin Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.8% Cash	06/21	06/28	533	528	533	—%	(3)(7)(8)(13)
Proceed Legal Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	03/26	03/32	9,870	9,743	9,762	0.9%	(7)(8)(13)(30)
Proceed Legal Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	03/26	03/32	—	(4)	(4)	—%	(7)(8)(13)(30)
Qima Finance LTD	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.4% Cash	04/26	07/32	187	189	183	—%	(3)(7)(8)(10)
Qima Finance LTD	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	07/25	07/32	2,865	2,792	2,792	0.2%	(3)(7)(8)(13)(30)
Real Chemistry Intermediate III, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	04/25	04/32	4,383	4,368	4,331	0.4%	(7)(8)(13)(30)
Real Chemistry Intermediate III, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	04/25	04/32	—	(4)	(10)	—%	(7)(8)(13)(30)
Recovery Point Systems, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.6% Cash	08/20	02/28	11,118	11,068	11,118	1.0%	(7)(8)(14)
RKD Group, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	05/25	05/31	12,495	12,367	12,400	1.1%	(7)(8)(13)(30)
RKD Group, LLC	Revolver	SOFR + 5.25%, 8.9% Cash	05/25	05/31	—	(10)	(8)	—%	(7)(8)(13)(30)
ROI Solutions LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	10/24	10/29	9,062	8,925	8,122	0.7%	(7)(8)(13)(30)
ROI Solutions LLC	Revolver	SOFR + 5.25%, 9.0% Cash	10/24	10/29	—	(36)	(260)	—%	(7)(8)(13)(30)
RPX Corporation	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.1% Cash	08/24	08/30	15,646	15,472	15,489	1.4%	(7)(8)(12)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
RPX Corporation	Revolver	SOFR + 5.50%, 9.1% Cash	08/24	08/30	$—		$(16)		$(15)	—%	(7)(8)(12)(30)
Ruby Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.25%, 9.8% Cash	12/25	12/32	1,779		1,661		1,729	0.2%	(3)(7)(8)(18)(30)
Sansidor BV	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.5% Cash	09/24	09/31	1,048		1,022		1,048	0.1%	(3)(7)(8)(10)
Sapphire Bidco S.A.R.L.	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.2% Cash	10/25	10/32	1,795		1,779		1,767	0.2%	(3)(7)(8)(10)(30)
Sapphire Bidco S.A.R.L.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	06/26	10/32	45		45		44	—%	(3)(7)(8)(13)
SBP Holdings LP	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.6% Cash	03/23	03/28	8,584		8,434		8,584	0.7%	(7)(8)(12)(30)
SBP Holdings LP	Revolver	SOFR + 5.00%, 8.6% Cash	03/23	03/28	—		(24)		—	—%	(7)(8)(12)(30)
Scaled Agile, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.3% PIK	12/21	12/28	1,835		1,822		796	0.1%	(7)(8)(14)(26)
Scaled Agile, Inc.	Revolver	SOFR + 5.50%, 9.3% PIK	12/21	12/28	349		347		152	—%	(7)(8)(14)(26)
SmartShift Group, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 8.7% Cash	09/23	09/29	12,781		12,590		12,781	1.1%	(7)(8)(14)
SmartShift Group, Inc.	Revolver	SOFR + 5.00%, 8.7% Cash	09/23	09/29	—		(22)		—	—%	(7)(8)(14)(30)
Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.)	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	11/22	05/28	2,618		2,607		2,618	0.2%	(7)(8)(13)
Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.)	Revolver	SOFR + 4.50%, 8.2% Cash	11/22	05/28	—		(1)		—	—%	(7)(8)(13)(30)
Starnmeer B.V.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.0% Cash	10/21	10/28	2,500		2,493		2,480	0.2%	(3)(7)(8)(14)
Sunrise Acquisition Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.25%, 9.0% Cash	11/25	11/32	2,659		2,566		2,598	0.2%	(3)(7)(8)(15)(30)
TA SL Cayman Aggregator Corp.	Subordinated Term Loan	SOFR + 7.75%, 11.4% PIK	07/21	07/28	3,339		3,327		3,339	0.3%	(7)(8)(14)
Tanqueray Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.00%, 8.7% Cash	11/22	11/29	1,801		1,534		1,780	0.2%	(3)(7)(8)(15)
Technology Service Stream BidCo Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.00%, 9.5% Cash	06/24	07/30	1,003		948		993	0.1%	(3)(7)(8)(18)(30)
TSYL Corporate Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	12/22	12/31	20,161		19,968		20,112	1.8%	(7)(8)(13)(30)
TSYL Corporate Buyer, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	12/22	12/31	—		(5)		(1)	—%	(7)(8)(13)(30)
Turnberry Solutions, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.8% Cash	07/21	03/28	4,798		4,795		4,717	0.4%	(7)(8)(12)
UBC Ledgers Holding AB	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.5% Cash	07/24	12/30	749		709		749	0.1%	(3)(7)(8)(10)
UBC Ledgers Holding AB	First Lien Senior Secured Term Loan	STIBOR + 5.25%, 7.3% Cash	12/23	12/30	1,656		1,497		1,656	0.1%	(3)(7)(8)(21)(30)
UHY Advisors, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	11/24	11/31	13,297		13,220		13,297	1.2%	(7)(8)(13)(30)
UHY Advisors, Inc.	Revolver	SOFR + 4.75%, 8.4% Cash	11/24	11/31	740		724		740	0.1%	(7)(8)(13)(30)
USLS Acquisition, Inc. (f/k/a US Legal Support, Inc.)	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.1% Cash	11/18	06/27	17,846		17,791		17,745	1.5%	(7)(8)(12)
Utac Ceram	First Lien Senior Secured Term Loan	EURIBOR + 5.90%, 8.2% Cash	09/20	09/27	1,788		1,808		1,788	0.2%	(3)(7)(8)(10)
Utac Ceram	First Lien Senior Secured Term Loan	SOFR + 5.90%, 9.6% Cash	02/21	09/27	3,668		3,652		3,668	0.3%	(3)(7)(8)(13)
World 50, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	03/24	03/30	13,637		13,449		13,637	1.2%	(7)(8)(14)
World 50, Inc.	Revolver	SOFR + 4.50%, 8.2% Cash	03/24	03/30	—		(12)		—	—%	(7)(8)(14)(30)
Xeinadin Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 6.25%, 8.8% Cash	05/22	05/29	320		305		320	—%	(3)(7)(8)(11)
Xeinadin Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 6.25%, 10.0% Cash	05/22	05/29	9,340		8,714		9,340	0.8%	(3)(7)(8)(16)
Xeinadin Bidco Limited	Subordinated Term Loan	SONIA + 11.00%, 14.7% PIK	05/22	05/29	4,770		4,480		4,727	0.4%	(3)(7)(8)(16)
Subtotal Services: Business (40.8%)*				485,899		476,310		468,775

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Services: Consumer
Application Boot Camp LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	04/25	04/31	$1,215		$1,200		$1,217	0.1%	(7)(8)(13)
Application Boot Camp LLC	Revolver	SOFR + 4.75%, 8.4% Cash	04/25	04/31	—		(4)		—	—%	(7)(8)(13)(30)
Application Boot Camp LLC	Subordinated Term Loan	14.0% Cash	04/25	04/30	82		82		83	—%	(7)
Arc Education	First Lien Senior Secured Term Loan	EURIBOR + 4.00%, 6.5% Cash, 2.2% PIK	07/22	07/29	984		925		967	0.1%	(3)(7)(8)(11)(30)
Archimede	First Lien Senior Secured Term Loan	EURIBOR + 4.00%, 6.3% Cash	10/20	10/27	6,391		6,195		5,771	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	3,430		3,272		—	—%	(3)(7)(8)(10)(26)
Cascade Residential Services LLC	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.7% Cash	10/23	10/29	4,573		4,507		4,212	0.4%	(7)(8)(12)
Cascade Residential Services LLC	Revolver	SOFR + 6.00%, 9.7% Cash	10/23	10/29	199		194		172	—%	(7)(8)(12)(30)
CEC Entertainment, LLC	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.7% Cash	09/25	09/30	3,435		3,390		3,391	0.3%	(7)(8)(13)
Express Wash Acquisition Company, LLC	First Lien Senior Secured Term Loan	SOFR + 6.25%, 9.9% Cash	04/25	04/31	3,245		3,219		3,037	0.3%	(7)(8)(13)
Express Wash Acquisition Company, LLC	Revolver	SOFR + 6.25%, 9.9% Cash	04/25	04/31	—		(1)		(12)	—%	(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	6,885		6,861		6,885	0.6%	(7)(8)(14)
Global Academic Group Limited	First Lien Senior Secured Term Loan	BBSY + 4.91%, 9.2% Cash	07/22	07/27	2,802		2,777		2,802	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	625		672		625	0.1%	(3)(7)(8)(22)
HomeX Services Group LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.1% Cash	11/23	11/29	2,121		2,096		2,070	0.2%	(7)(8)(12)
HomeX Services Group LLC	Revolver	SOFR + 4.50%, 8.1% Cash	11/23	11/29	72		68		64	—%	(7)(8)(12)(30)
InvoCare Limited	First Lien Senior Secured Term Loan	BBSY + 5.00%, 9.5% Cash	11/23	11/29	2,243		2,081		2,233	0.2%	(3)(7)(8)(18)(30)
Kid Distro Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.25%, 7.9% Cash	10/21	10/29	12,952		12,901		12,952	1.1%	(7)(8)(13)
Lido Purchaser, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	04/26	04/33	4,282		4,241		4,240	0.4%	(7)(8)(13)(30)
Marmoutier Holding B.V.	Super Senior Secured Term Loan	EURIBOR + 6.00%, 8.3% Cash	03/24	12/28	207		184		84	—%	(3)(7)(8)(10)
Marmoutier Holding B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.75%, 9.1% Cash	06/25	12/28	251		255		169	—%	(3)(7)(8)(11)(30)
Marmoutier Holding B.V.	Revolver	EURIBOR + 5.50%, 8.1% Cash	12/21	06/27	197		173		80	—%	(3)(7)(8)(11)
Panther Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.00%, 9.4% Cash	03/26	12/29	4,151		4,085		4,070	0.4%	(3)(7)(8)(18)(30)
Premium Franchise Brands, LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.6% Cash	12/20	12/26	10,067		10,037		9,991	0.9%	(7)(8)(13)
QPE7 SPV1 BidCo Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.75%, 10.1% Cash	09/21	09/29	1,733		1,799		1,674	0.1%	(3)(7)(8)(17)
Selenium Designated Activity Company	First Lien Senior Secured Term Loan	EURIBOR + 5.13%, 7.3% Cash	03/25	03/32	3,134		2,914		3,121	0.3%	(3)(7)(8)(11)
Subtotal Services: Consumer (6.1%)*				75,276		74,123		69,898
Structured Product
Catawba River Limited	Structured - Junior Note	N/A	10/22	10/31	4,059		3,496		2,217	0.2%	(3)(7)(29)
Magnetite XIX, Limited	Subordinated Notes	SOFR + 8.00%, 11.7% Cash	02/22	04/34	5,250		5,250		4,766	0.4%	(3)(8)(13)
Perimeter Master Note Business Trust	Structured Secured Note - Class A	4.7% Cash	05/22	05/31	182		182		180	—%	(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)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
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		9,137	0.8%	(3)(7)
US Bank National Association Series 2025-1	Structured Note - Class R	SOFR + 7.50%, 11.4% Cash	03/25	02/32	3,361		3,361		3,428	0.3%	(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	3,431		3,431		3,462	0.3%	(3)(8)(12)
Vista Global Holding Ltd	Structured Secured Note - Class C	9.5% Cash	12/24	02/30	481		481		469	—%	(3)
Subtotal Structured Product (2.1%)*				26,584		26,021		24,202
Telecommunications
Mercell Holding AS	First Lien Senior Secured Term Loan	NIBOR + 5.25%, 9.6% Cash	08/22	08/29	3,174		3,170		2,991	0.3%	(3)(7)(8)(24)(30)
Permaconn BidCo Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 4.75%, 9.3% Cash	12/21	07/29	2,839		2,724		2,839	0.2%	(3)(7)(8)(18)
UKFast Leaders Limited	First Lien Senior Secured Term Loan	SONIA + 7.25%, 11.3% Cash	09/20	09/27	12,408		11,945		11,949	1.0%	(3)(7)(8)(15)
Subtotal Telecommunications (1.6%)*				18,421		17,839		17,779
Transportation: Cargo
Argus Intermediate, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	12/25	12/31	3,807		3,730		3,807	0.3%	(7)(8)(13)(30)
Argus Intermediate, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	12/25	12/31	627		616		627	0.1%	(7)(8)(13)(30)
Armstrong Transport Group, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.4% Cash	06/26	05/33	7,241		7,107		7,107	0.6%	(7)(8)(13)(30)
Armstrong Transport Group, LLC	Revolver	SOFR + 4.75%, 8.4% Cash	06/26	05/33	471		448		448	—%	(7)(8)(13)(30)
FitzMark Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.2% Cash	12/20	12/26	3,994		3,987		3,994	0.3%	(7)(8)(12)
FragilePak LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.6% Cash	05/21	05/28	4,473		4,451		4,473	0.4%	(7)(8)(13)
Honour Lane Logistics Holdings Limited	First Lien Senior Secured Term Loan	SOFR + 5.35%, 9.0% Cash	04/22	11/28	6,667		6,589		6,393	0.6%	(3)(7)(8)(13)
ITI Intermodal, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.50%, 10.3% Cash	12/21	12/27	11,801		11,683		11,801	1.0%	(7)(8)(13)
ITI Intermodal, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.1% Cash	12/21	12/27	782		778		782	0.1%	(7)(8)(13)
ITI Intermodal, Inc.	Revolver	SOFR + 6.50%, 10.3% Cash	12/21	12/27	226		215		226	—%	(7)(8)(13)(30)
PAS Chassis Holdco LLC	Second Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	01/26	12/32	14,430		14,156		14,163	1.2%	(7)(8)(13)
R1 Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 6.75%, 10.4% Cash	12/22	12/28	6,018		5,927		5,711	0.5%	(7)(8)(13)
R1 Holdings, LLC	Revolver	SOFR + 6.75%, 10.4% Cash	12/22	12/28	1,854		1,823		1,748	0.2%	(7)(8)(13)(30)
REP SEKO MERGER SUB LLC	First Lien Senior Secured Term Loan	SOFR + 7.00%, 10.7% PIK	11/24	05/30	2,912		2,912		1,791	0.2%	(7)(8)(13)
REP SEKO MERGER SUB LLC	First Lien Senior Secured Term Loan	SOFR + 10.50%, 4.7% Cash, 9.5% PIK	11/25	11/29	385		385		385	—%	(7)(8)(13)(30)
REP SEKO MERGER SUB LLC	First Out Term Loan	SOFR + 10.00%, 13.7% PIK	11/24	11/29	1,190		1,176		1,190	0.1%	(7)(8)(13)
Transportation Insight, LLC	First Lien Senior Secured Term Loan	SOFR + 7.00%, 10.7% Cash, 7.0% PIK	12/25	01/29	4,105		4,105		4,105	0.4%	(7)(8)(13)
Transportation Insight, LLC	Revolver	SOFR + 5.50%, 9.2% Cash	12/25	01/29	641		584		641	0.1%	(7)(8)(13)(30)
Subtotal Transportation: Cargo (6.1%)*				71,624		70,672		69,392
Transportation: Consumer
Breeze Aviation Group Inc	Second Lien Senior Secured Term Loan	SOFR + 7.50%, 11.2% Cash	06/25	08/30	2,254		2,254		2,230	0.2%	(7)(8)(13)
Breeze Aviation Group Inc	Second Lien Senior Secured Term Loan	SOFR + 7.50%, 11.2% Cash	06/25	09/30	2,279		2,279		2,256	0.2%	(7)(8)(13)
Breeze Aviation Group Inc	Second Lien Senior Secured Term Loan	SOFR + 7.50%, 11.2% Cash	06/25	09/30	2,279		2,279		2,256	0.2%	(7)(8)(13)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Principal Amount · Cost · FairValue · % of Net Assets * · Notes
Breeze Aviation Group Inc	Second Lien Senior Secured Term Loan	SOFR + 7.50%, 11.2% Cash	03/26	03/31	$2,476			$2,458		$2,431		0.2%	(7)(8)(13)
Breeze Aviation Group Inc	Second Lien Senior Secured Term Loan	SOFR + 7.50%, 11.2% Cash	03/26	03/31	2,476			2,458		2,431		0.2%	(7)(8)(13)
Breeze Aviation Group Inc	Second Lien Senior Secured Term Loan	SOFR + 7.50%, 11.2% Cash	03/26	03/31	2,476			2,458		2,431		0.2%	(7)(8)(13)
International Fleet Financing No.2 B.V.	Revolver	10.5% Cash	07/25	06/27	8,849			8,962		8,813		0.8%	(3)(7)(30)
Subtotal Transportation: Consumer (2.0%)*				23,089		23,148			22,848
Utilities: Electric
KAMC Holdings Inc.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 8.9% Cash	08/25	08/31	5,407			5,336		5,202		0.5%	(7)(8)(13)
KAMC Holdings Inc.	Revolver	SOFR + 5.25%, 8.9% Cash	08/25	08/31	165			157		140		—%	(7)(8)(13)(30)
Panoche Energy Center LLC	First Lien Senior Secured Bond	6.9% Cash	07/22	07/29	2,714			2,567		2,709		0.2%	(7)
Prime Power Solutions, LLC	Second Lien Senior Secured Term Loan	SOFR + 5.50%, 9.2% Cash	05/26	10/31	15,000			14,708		14,700		1.3%	(7)(8)(13)
Subtotal Utilities: Electric (2.0%)*				23,286		22,768			22,751
Subtotal Debt Investments (157.7%)*				1,892,699		1,848,561			1,807,260
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		$16		—%	(7)(29)
Accurus Aerospace Corporation	Common Stock		04/22		437,623.3			438		381		—%	(7)(29)
Balaena Maritime (UK) Limited	Warrants		06/26		209,427.5			—		—		—%	(3)(7)(29)
Compass Precision, LLC	LLC Units		04/22		46,085.6			125		393		—%	(7)(29)
GB Eagle Buyer, Inc.	Partnership Units		12/22		687			687		6,371		0.6%	(29)
Megawatt Acquisitionco, Inc.	Common Stock		03/24		205			21		—		—%	(7)(29)
Megawatt Acquisitionco, Inc.	Preferred Stock		03/24		1,842			184		201		—%	(7)(29)
Surface Finishing Technologies Inc.	Common Stock		04/26		192,455			192		192		—%	(7)(29)
Whitcraft Holdings, Inc.	LP Units		02/23		63,087.1			631		1,527		0.1%	(7)(29)
Subtotal Aerospace & Defense (0.8%)*					2,296			9,081
Automotive
Burgess Point Purchaser Corporation	LP Units		07/22		455			455		409		—%	(7)(29)
Randys Holdings, Inc.	Common Stock		11/22		5,333			533		654		0.1%	(7)(29)
Recon Buyer LLC	LLC Units		11/25		116.2			116		123		—%	(7)(29)
SPATCO Energy Solutions, LLC	Common Stock		07/24		285,839			287		249		—%	(7)(29)
SVI International LLC	LLC Units		03/24		207,921			208		356		—%	(7)
Velocity Pooling Vehicle, LLC	Common Stock		02/22		4,676			60		2		—%	(7)(29)
Velocity Pooling Vehicle, LLC	Warrants		02/22		5,591			72		3		—%	(7)(29)
Subtotal Automotive (0.2%)*					1,731			1,796
Banking, Finance, Insurance, & Real Estate
Accelerant Holdings	Common Stock		07/25		279,230			3,341		2,946		0.3%	(29)
Aegros Holdco 2 Ltd	Common Stock		05/25		889,464			12		590		0.1%	(3)(7)(29)
Bishop Street Underwriters, LLC	LLC Units		07/25		188,809.2			287		272		—%	(7)
Credit Key Funding II LLC	Preferred Stock	10.0% Cash, 10.0% PIK	12/25		732,019			2,700		2,694		0.2%	(7)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Units / Shares · Cost · FairValue · % of Net Assets * · Notes
Credit Key Funding II LLC	Warrants		12/25		862,753		$—	$17	—%	(7)(29)
ERS Holdings, LLC	LLC Units		01/26		45,975		46	42	—%	(7)(29)
Flywheel Holdings Segregated Portfolio 2025-2	LP Interest		06/25		3,422,190		3,422	4,004	0.3%	(3)(7)(29)
Flywheel Re Segregated Portfolio 2022-4	Preferred Stock		08/22		2,828,286		1,031	1,527	0.1%	(3)(7)
ICREDITWORKS LLC	Preferred Stock	17.5% PIK	03/25		59,462.7		11,812	11,504	1.0%	(7)
ICREDITWORKS LLC	Warrants		03/25		23,692.2		—	—	—%	(7)(29)
Pinion Holdings Limited	Preferred Stock	10.0% PIK	02/26		288,816.1		289	289	—%	(3)(7)
Resolute Investment Managers, Inc.	Common Stock		03/24		51,428		—	—	—%	(7)(29)
Shelf Bidco Ltd	Common Stock		12/22		1,200,000		1,200	4,692	0.4%	(3)(7)(29)
Subtotal Banking, Finance, Insurance, & Real Estate (2.5%)*				24,140		28,577
Beverage, Food, & Tobacco
CTI Foods Holdings Co., LLC	Common Stock		02/24		21,031		—	1,779	0.2%	(7)(29)
GMF Parent, Inc.	LLC Units		12/25		138		138	113	—%	(7)(29)
Woodland Foods, LLC	Common Stock		12/21		1,663.30		1,663	1,962	0.2%	(7)(29)
Woodland Foods, LLC	Preferred Stock	20.0% PIK	04/24		364.00		572	664	0.1%	(7)
Woodland Foods, LLC	Preferred Stock	20.0% PIK	03/25		94.60		158	158	—%	(7)
Subtotal Beverage, Food, & Tobacco (0.4%)*					2,531		4,676
Capital Equipment
DAWGS Intermediate Holdings Co.	LLC Units		03/25		346.9		347	463	—%	(7)(29)
Polara Enterprises, L.L.C.	Partnership Units		12/21		7,409		741	1,938	0.2%	(7)
Process Insights Acquisition, Inc.	Common Stock		07/23		281		281	—	—%	(7)(29)
Process Insights Acquisition, Inc.	Class A Preferred Stock	12.0% PIK	05/26		28.84		17	17	—%	(7)
Rapid Buyer LLC	LLC Units		10/24		533		533	530	—%	(7)(29)
TAPCO Buyer LLC	LLC Units		11/24		339		364	438	—%	(7)
Subtotal Capital Equipment (0.3%)*					2,283		3,386
Chemicals, Plastics, & Rubber
Americo Chemical Products, LLC	Common Stock		04/23		88,110		88	103	—%	(7)(29)
Aptus 1829. GmbH	Preferred Stock		09/21		13		120	58	—%	(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)(29)
Subtotal Chemicals, Plastics, & Rubber (—%)*				220		161
Construction & Building
BKF Buyer, Inc.	Common Stock		08/24		1,004,467		1,004	1,205	0.1%	(7)(29)
Subtotal Construction & Building (0.1%)*					1,004		1,205
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		03/25		9.5		11	—	—%	(7)(29)
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	229	—%	(7)(29)
RTIC Subsidiary Holdings, LLC	Class A Preferred Stock		02/22		145.347		4	—	—%	(7)(29)
RTIC Subsidiary Holdings, LLC	Class B Preferred Stock		02/22		145.347		—	—	—%	(7)(29)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Units / Shares · Cost · FairValue · % of Net Assets * · Notes
RTIC Subsidiary Holdings, LLC	Class C Preferred Stock		02/22		7,844.03		$450	$24	—%	(7)(29)
RTIC Subsidiary Holdings, LLC	Common Stock		02/22		153		—	—	—%	(7)(29)
Serta Simmons Bedding LLC	Common Stock		06/23		109,127		1,630	855	0.1%	(29)
Team Air Distributing, LLC	Preferred Stock		06/26		48,431.3		48	48	—%	(7)(29)
Team Air Distributing, LLC	Preferred Stock		03/26		88,888.9		93	—	—%	(7)(29)
Team Air Distributing, LLC	Partnership Equity		05/23		526,326.5		523	—	—%	(7)(29)
Terrybear, Inc.	Partnership Equity		04/22		24,358.97		239	—	—%	(7)(29)
Subtotal Consumer goods: Durable (0.1%)*					3,302		1,156
Consumer goods: Non-durable
CCFF Buyer, LLC	LLC Units		02/24		233		233	267	—%	(7)(29)
Ice House America, L.L.C.	LLC Units		01/24		2,892.5		289	195	—%	(7)(29)
Safety Products Holdings, LLC	Preferred Stock		12/20		378.7		380	602	0.1%	(7)(29)
Subtotal Consumer goods: Non-durable (0.1%)*				902		1,064
Containers, Packaging, & Glass
Diversified Packaging Holdings LLC	LLC Units		06/24		2,769		277	550	—%	(7)
Five Star Holding LLC	LLC Units		05/22		966.99		967	720	0.1%	(7)(29)
Subtotal Containers, Packaging, & Glass (0.1%)*				1,244		1,270
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		18,632	16,984	1.5%	(7)
Subtotal Environmental Industries (1.5%)*					18,632		16,984
Healthcare & Pharmaceuticals
Amalfi Midco	Class B Common Stock		09/22		98,906,608		1,115	2,625	0.2%	(3)(7)(29)
Amalfi Midco	Warrants		09/22		380,385		4	1,247	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	124	—%	(7)
Forest Buyer, LLC	Class B LLC Units		03/24		122		—	54	—%	(7)(29)
GCDL LLC	Common Stock		08/24		243,243.24		243	306	—%	(7)
GPNZ II GmbH	Common Stock		10/23		5,785		—	—	—%	(3)(7)(29)
HemaSource, Inc.	Common Stock		08/23		101,080		101	156	—%	(7)(29)
Moonlight Bidco Limited	Common Stock		07/23		10,590		138	204	—%	(3)(7)(29)
Parkview Dental Holdings LLC	LLC Units		10/23		29,762		298	205	—%	(7)(29)
Parkview Dental Holdings LLC	Preferred Stock	10.0% PIK	12/24		1,229.1		13	39	—%	(7)
SCP Medical Products, LLC.	LLC Units		06/25		393.3		53	44	—%	(7)(29)
TA KHP Aggregator, L.P.	Common Stock		06/25		47,209.6		52	78	—%	(7)(29)
Unosquare, LLC	LLC Units		06/25		260,817.7		261	143	—%	(7)(29)
VB Spine Intermediary II LLC	LLC Units		04/25		767,670.7		—	—	—%	(7)(29)
Subtotal Healthcare & Pharmaceuticals (0.5%)*				2,824		5,225

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Units / Shares · Cost · FairValue · % of Net Assets * · Notes
High Tech Industries
Argus Bidco Limited	Common Stock		07/22		464		$1	$—		—%		(3)(7)(29)
Argus Bidco Limited	Class B Common Stock		04/26		2,527		3	3	—%		(3)(7)(29)
Argus Bidco Limited	Ordinary Shares		04/26		30		—	—		—%		(3)(7)(29)
Argus Bidco Limited	Equity Loan Notes	10.0% PIK	07/22		41,560		70	18		—%		(3)(7)
Argus Bidco Limited	Preferred Stock	10.0% PIK	07/22		41,560		70	18		—%		(3)(7)
CH Buyer, LLC	LLC Units		05/25		685		69	72		—%		(7)(29)
Command Alkon (Project Potter Buyer, LLC)	Class B Partnership Units		04/20		33,324.70		—	163		—%		(7)(29)
CW Group Holdings, LLC	LLC Units		01/21		161,290.32		161	487		—%		(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		03/22		6,582.7		11,438	485		—%		(7)(29)
FSS Buyer LLC	LP Interest		08/21		1,160.9		12	14		—%		(7)(29)
FSS Buyer LLC	LP Units		08/21		5,104.3		51	63		—%		(7)(29)
NAW Buyer LLC	LLC Units		09/23		472,512		473	666		0.1%		(7)(29)
OSP Hamilton Purchaser, LLC	LP Units		07/22		173,749		174	184		—%		(7)(29)
PDQ.Com Corporation	Class A-2 Partnership Units		08/21		13.9		14	28		—%		(7)(29)
ProfitOptics, LLC	LLC Units		03/22		241,935.48		161	448		—%		(7)(29)
Pro-Vision Solutions Holdings, LLC	LLC Units		09/24		2,357.5		236	331		—%		(7)(29)
Subtotal High Tech Industries (0.3%)*					12,933		2,980
Media: Advertising, Printing, & Publishing
Advantage Software Company (The), LLC	Class A1 Partnership Units		12/21		8,717.76		280	238		—%		(7)(29)
Advantage Software Company (The), LLC	Class A2 Partnership Units		12/21		2,248.46		72	61		—%		(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	971		0.1%		(7)
Subtotal Media: Advertising, Printing, & Publishing (0.1%)*				902		1,270
Media: Broadcasting & Subscription
The Octave Music Group, Inc.	Partnership Equity		04/22		676,881.00		677	1,597		0.1%		(7)(29)
Subtotal Media: Broadcasting & Subscription (0.1%)*				677		1,597
Media: Diversified & Production
BrightSign LLC	LLC Units		10/21		1,107,492.71		1,107	1,484		0.1%		(7)
Rock Labor LLC	LLC Units		09/23		233,871		1,252	1,057		0.1%		(7)(29)
Solo Buyer, L.P.	Common Equity		12/22		516,399		516	248		—%		(7)(29)
Vital Buyer, LLC	Partnership Units		06/21		16,442.9		164	594		0.1%		(7)(29)
Subtotal Media: Diversified & Production (0.3%)*				3,039		3,383
Services: Business
ARC Interco Purchaser, LLC	LLC Units		11/25		121,550.0		128	129		—%		(7)(29)
Azalea Buyer, Inc.	Common Stock		11/21		192,307.7		192	340		—%		(7)(29)
Broadway Buyer, LLC	LLC Units		12/25		312,055.0		312	387		—%		(7)(29)
CGI Parent, LLC	Preferred Stock		02/22		657		722	1,647		0.1%		(7)(29)

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Units / Shares · Cost · FairValue · % of Net Assets * · Notes
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	242	—%	(3)(7)(29)
Coyo Uprising GmbH	Class B Units		09/21		191		446	300	—%	(3)(7)(29)
DataServ Integrations, LLC	Preferred Units		11/22		175,459.20		192	237	—%	(7)(29)
EFC International	Common Stock		03/23		163.83		231	212	—%	(7)(29)
Electric Equipment & Engineering Co.	LLC Units		12/24		187,500		188	356	—%	(7)(29)
IMS Services Enterprises, LLC	LLC Units		04/26		294		294	295	—%	(7)(29)
LeadsOnline, LLC	LLC Units		02/22		81,739		85	177	—%	(7)
MB Purchaser, LLC	LLC Units		01/24		66		68	85	—%	(7)(29)
MC Group Ventures Corporation	Partnership Units		06/21		746.66		747	435	—%	(7)(29)
MIV Buyer, LLC	LLC Units		09/25		1,007.4		101	96	—%	(7)(29)
NF Holdco, LLC	LLC Units		03/23		639,510		659	115	—%	(7)(29)
Recovery Point Systems, Inc.	Partnership Equity		03/21		187,235		187	112	—%	(7)(29)
SmartShift Group, Inc.	Common Stock		09/23		275		275	562	—%	(7)(29)
TA SL Cayman Aggregator Corp.	Common Stock		07/21		1,589		50	78	—%	(7)(29)
TSYL Corporate Buyer, Inc.	Partnership Units		12/22		4,673		5	40	—%	(7)(29)
Xeinadin Bidco Limited	Common Stock		05/22		45,665,825		565	1,212	0.1%	(3)(7)(29)
Subtotal Services: Business (0.6%)*					6,158		7,057
Services: Consumer
Application Boot Camp LLC	Common Stock		04/25		234,751.8		235	300	—%	(7)
Kid Distro Holdings, LLC	LLC Units		10/21		637,677.11		638	861	0.1%	(7)(29)
Marmoutier Holding B.V.	Common Stock		06/25		2,600,592		—	—	—%	(3)(7)(29)
Subtotal Services: Consumer (0.1%)*					873		1,161
Telecommunications
Mercell Holding AS	Class A Units		08/22		114.4		111	73	—%	(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		12,225	10,303	0.9%	(7)
Subtotal Telecommunications (0.9%)*					12,336		10,376
Transportation: Cargo
Echo Global Logistics, Inc.	Partnership Equity		11/21		530.92		531	966	0.1%	(7)(29)
FragilePak LLC	Partnership Units		05/21		937.5		938	676	0.1%	(7)(29)
ITI Intermodal, Inc.	Common Stock		01/22		7,500.4		750	947	0.1%	(7)(29)
REP SEKO MERGER SUB LLC	Common Stock		11/24		1,231		5,403	—	—%	(7)(29)
Transportation Insight, LLC	Class A Common Units		01/26		14.51		—	—	—%	(7)(29)
Transportation Insight, LLC	Class A Preferred Units		01/26		20.04		3,099	3,688	0.3%	(7)(29)
Subtotal Transportation: Cargo (0.5%)*					10,721		6,277
Subtotal Equity Investments (9.8%)*				111,547		111,712

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Units / Shares · Cost · FairValue · % of Net Assets * · Notes
Royalty Rights
Healthcare & Pharmaceuticals
Coherus Biosciences, Inc.	Royalty Rights		05/24						$1,237			$1,459		0.1%		(7)
Subtotal Healthcare & Pharmaceuticals (0.1%)*					1,237			1,459
Subtotal Royalty Rights (0.1%)*							1,237			1,459
Subtotal Non-Control / Non-Affiliate Investments (167.6%)*				1,961,345			1,920,431
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		$16,144			$16,144			$16,143		1.4%		(7)
Subtotal Aerospace & Defense (1.4%)*					16,144			16,144			16,143
Banking, Finance, Insurance, & Real Estate
Eclipse Business Capital, LLC	First Lien Senior Secured Term Loan	SOFR + 6.60%, 10.2% Cash	05/26		02/29		3,333			3,333			3,333		0.3%		(7)(8)(12)(30)
Eclipse Business Capital, LLC	Revolver	SOFR + 6.60%, 10.2% Cash	07/21		02/29		12,879			12,830			12,879		1.1%		(7)(8)(12)(30)
Eclipse Business Capital, LLC	Second Lien Senior Secured Term Loan	7.5% Cash	07/21		07/28		4,545			4,530			4,546		0.4%		(7)
Policy Services Company, LLC	First Lien Senior Secured Term Loan	SOFR + 6.00%, 9.9% Cash, 4.0% PIK	12/21		06/28		55,440			55,054			49,896		4.4%		(7)(8)(13)
Rocade Holdings LLC	Second Lien Senior Secured Term Loan	SOFR + 8.00%, 11.7% Cash	11/25		11/30		12,190			11,952			11,930		1.0%		(7)(8)(13)(30)
Subtotal Banking, Finance, Insurance, & Real Estate (7.3%)*			88,387			87,699			82,584
Construction & Building
EMI Porta Holdco LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.1% Cash	05/26		12/29		4,656			4,656			4,656		0.4%		(7)(8)(13)
EMI Porta Holdco LLC	Revolver	SOFR + 5.50%, 9.1% Cash	05/26		11/29		—			—			—		—%		(7)(8)(13)(30)
Subtotal Construction & Building (0.4%)*					4,656			4,656			4,656
Chemicals, Plastics, & Rubber
Celebration Bidco, LLC	First Lien Senior Secured Term Loan	SOFR + 8.00%, 11.7% Cash	12/23		12/28		8,722			8,722			8,578		0.7%		(7)(8)(13)
Subtotal Chemicals, Plastics, & Rubber (0.7%)*			8,722			8,722			8,578
Healthcare & Pharmaceuticals
Biolam Group	First Lien Senior Secured Term Loan	EURIBOR + 4.50%, 6.6% PIK	12/22		12/29		2,993			2,537			1,312		0.1%		(3)(7)(8)(11)(26)
Subtotal Healthcare & Pharmaceuticals (0.1%)*			2,993			2,537			1,312
Hotel, Gaming, & Leisure
Coastal Marina Holdings, LLC	Subordinated Term Loan	8.0% Cash	11/21		11/31		16,620			15,848			16,001		1.4%		(7)
Coastal Marina Holdings, LLC	Subordinated Term Loan	8.0% Cash	11/21		11/31		7,662			7,379			7,377		0.6%		(7)
Subtotal Hotel, Gaming, & Leisure (2.1%)*					24,282			23,227			23,378
Services: Business
Zeppelin Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 6.50%, 10.2% Cash	03/22		03/29		2,665			2,150			2,663		0.2%		(3)(7)(8)(16)
Subtotal Services: Business (0.2%)*					2,665			2,150			2,663
Subtotal Debt Investments (12.2%)*					147,849			145,135			139,314
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				5,381,304.8			$3,250			$5,003		0.4%		(7)
Subtotal Aerospace & Defense (0.4%)*							3,250			5,003

Portfolio Company(6) · Investment Type(1)(2) · Interest · Acq. Date · Maturity Date · Units / Shares · Cost · FairValue · % of Net Assets * · Notes
Banking, Finance, Insurance, & Real Estate
Eclipse Business Capital, LLC	LLC Units		07/21		89,447,396			$93,052			$139,539		12.2%		(7)
Policy Services Company, LLC	Class A Units		04/26		251.4			—			—		—%		(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)
Rocade Holdings LLC	Preferred LP Units	SOFR + 6.00%, 9.7% Cash	02/23		71,000			89,041			89,041		7.8%		(7)(13)
Rocade Holdings LLC	Common LP Units		02/23		23.8			—			4,687		0.4%		(7)
Subtotal Banking, Finance, Insurance, & Real Estate (20.4%)*				182,093		233,267
Construction & Building
EMI Porta Holdco LLC	Common Stock		05/26		6,017,772			3,005			2,948		0.3%		(7)(29)
EMI Porta Holdco LLC	Preferred Stock	12.0% PIK	05/26		2,322,860			2,324			2,369		0.2%		(7)
Subtotal Construction & Building (0.5%)*					5,329			5,317
Chemicals, Plastics, & Rubber
Celebration Bidco, LLC	Common Stock		12/23		1,243,071			12,177			10,355		0.9%		(7)(29)
Subtotal Chemicals, Plastics, & Rubber (0.9%)*				12,177		10,355
Healthcare & Pharmaceuticals
Biolam Group	Ordinary Shares		05/25		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			20,546		1.8%		(7)(29)
Subtotal Hotel, Gaming, & Leisure (1.8%)*					16,495			20,546
Investment Funds & Vehicles
Jocassee Partners LLC	9.1% Member Interest		06/19				35,158			33,180		2.9%		(3)(25)
Sierra Senior Loan Strategy JV I LLC	89.01% Member Interest		02/22				11,532			—		—%		(3)(25)(29)
Thompson Rivers LLC	16.0% Member Interest	06/20			18,424			2,710			0.2%		(25)(29)
Waccamaw River LLC	20% Member Interest		02/21				12,664			76		—%		(3)(25)(29)
Subtotal Investment Funds & Vehicles (3.1%)*				77,778		35,966
Services: Business
Zeppelin Bidco Limited	Ordinary Shares		08/25		879			—			—		—%		(3)(7)(29)
Subtotal Services: Business (—%)*					—			—
Subtotal Equity Investments (27.1%)*					297,122			310,454
Subtotal Affiliate Investments (39.3%)*					442,257			449,768
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
Automotive
MVC Automotive Group GmbH	First Lien Senior Secured Term Loan	7.7% Cash	06/26	01/28	$3,087			$3,100			$3,087		0.3%		(3)(7)
MVC Automotive Group GmbH	First Lien Senior Secured Term Loan	EURIBOR + 7.65%, 9.9% Cash	01/26	01/28	1,715			1,785			1,716		0.1%		(3)(7)(8)(10)
Subtotal Automotive (0.4%)*				4,802		4,885			4,803
Capital Equipment
Security Holdings B.V.	Bridge Loan	5.0% PIK	12/20	06/27	7,173			7,173			7,173		0.6%		(3)(7)
Security Holdings B.V.	Revolver	6.0% PIK	09/23	12/27	10,984			10,988			10,984		1.0%		(3)(7)(30)

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 Unsecured Term Loan	15.0% PIK	04/21	04/29	$3,050			$3,045		$3,049		0.3%	(3)(7)
Security Holdings B.V.	Senior Subordinated Term Loan	3.1% PIK	12/20	06/27	11,748			11,747		11,747		1.0%	(3)(7)
Subtotal Capital Equipment (2.9%)*				32,955		32,953			32,953
Subtotal Debt Investments (3.3%)*				37,757		37,838			37,756
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		25,404			$23,173		$8,447		0.7%	(3)(7)(29)
Subtotal Automotive (0.7%)*					23,173			8,447
Capital Equipment
Security Holdings B.V.	Common Stock Series A		02/22		17,100			560		447		—%	(3)(7)(29)
Security Holdings B.V.	Common Stock Series B		12/20		1,236			35,192		41,741		3.6%	(3)(7)(29)
Subtotal Capital Equipment (3.7%)*					35,752			42,188
Subtotal Equity Investments (4.4%)*				58,925		50,635
Subtotal Control Investments (7.7%)*				96,763		88,391
Total Investments, June 30, 2026 (214.6%)*				$2,500,365		$2,458,590

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 5)	7.00%	SOFR + 3.1475%	2/15/2029	$300,000		$(1,223)	February 2029 Notes	$(1,223)
Interest rate swap (See Note 5)	5.20%	SOFR + 2.059%	9/15/2028	$300,000		$(5,619)	September 2028 Notes	(5,619)
Total Interest Rate Swaps, June 30, 2026					$(6,842)

Credit Support Agreement:
Description	Counterparty	Settlement Date	Notional Amount	Value	Unrealized Appreciation (Depreciation)
New Sierra Credit Support Agreement(a)(b)(c)	Barings LLC	04/01/32	$10,995	$1,329	$—

Total Credit Support Agreement, June 30, 2026			$10,995	$1,329	$—

(a)The New Sierra Credit Support Agreement (as defined in “Note 2. Agreements and Related Party Transactions”) covers investments in two portfolio companies acquired by Barings BDC, Inc. (the “Company”) from Sierra Income Corporation (“Sierra”) in connection with the Sierra Merger (as defined in “Note 2. Agreements and Related Party Transactions”) and any investments received by the Company in connection with the restructuring, amendment, extension or other modification of such investments (the “New Sierra Reference Portfolio”). Each investment that is included in the New Sierra Reference Portfolio is denoted in the above Schedule of Investments with footnote (28).

(b)The Company and Barings LLC (“Barings” or the “Adviser”) entered into the New Sierra Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $11.0 million.

(c)Settlement Date means the earlier of (1) April 1, 2032 or (2) the date on which the entire New 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)	A$4,000	$2,795	HSBC Bank USA	09/29/26	$(29)
Foreign currency forward contract (AUD)	$46,040	A$65,646	HSBC Bank USA	09/29/26	631
Foreign currency forward contract (CAD)	$2,170	C$3,051	HSBC Bank USA	09/29/26	11
Foreign currency forward contract (DKK)	$524	3,396kr.	Bank of America, N.A.	09/29/26	2
Foreign currency forward contract (EUR)	$110,504	€95,917	HSBC Bank USA	09/29/26	436
Foreign currency forward contract (EUR)	$1,492	€1,300	BNP Paribas SA	09/29/26	—
Foreign currency forward contract (NZD)	$3,292	NZ$5,683	HSBC Bank USA	09/29/26	50
Foreign currency forward contract (NOK)	$3,797	36,906kr	HSBC Bank USA	09/29/26	72
Foreign currency forward contract (GBP)	$137,615	£103,934	HSBC Bank USA	09/29/26	(332)
Foreign currency forward contract (SEK)	$2,011	19,103kr	BNP Paribas SA	09/29/26	28
Foreign currency forward contract (CHF)	$5,667	4,502Fr.	HSBC Bank USA	09/29/26	32
Total Foreign Currency Forward Contracts, June 30, 2026				$901

*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 Company’s board of directors (the “Board”), and the Investment Company Act of 1940, as amended (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 the Secured Overnight Financing Rate (“SOFR”), the Euro Interbank Offered Rate (“EURIBOR”), the Bank Bill Swap Bid Rate (“BBSY”), the Stockholm Interbank Offered Rate (“STIBOR”), the Canadian Overnight Repo Rate Average (“CORRA”), the Sterling Overnight Index Average (“SONIA”), the Swiss Average Rate Overnight (“SARON”), the Norwegian Interbank Offered Rate (“NIBOR”), the Bank Bill Market rate (“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 June 30, 2026 represented 214.6% 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 22.1% of total investments at fair value as of June 30, 2026. 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)In accordance with the 1940 Act, the Company is deemed to be an “affiliated person” of the portfolio company as the Company owns at least 5% but not more than 25% of the portfolio company’s outstanding voting securities and does not otherwise control (“non-controlled affiliate”). Transactions related to investments in non-controlled “Affiliate Investments” for the six months ended June 30, 2026 were as follows:

December 31, 2025 Value · Gross Additions(a) · Gross Reductions (b) · Amount of Realized Gain (Loss) · Amount of Unrealized Gain (Loss) · June 30,2026 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%, 6.6% PIK)(e)	$1,731		$—		$—		$—		$(419)		$1,312		$—
Ordinary Shares(42,639,498 shares)	—		—		—		—		—		—		—
	1,731		—		—		—		(419)		1,312		—
Celebration Bidco, LLC(d)	First Lien Senior Secured Term Loan (SOFR + 8.00%, 11.7% Cash)	8,463		43		—		—		72		8,578		512
Common Stock (1,243,071 shares)	8,925		—		—		—		1,430		10,355		—
	17,388		43		—		—		1,502		18,933		512
Coastal Marina Holdings, LLC(d)	Subordinated Term Loan(8.0% Cash)	15,891		55		—		—		55		16,001		714
Subordinated Term Loan (8.0% Cash)	7,327		20		—		—		30		7,377		324
LLC Units (3,518,097 units)	19,983		—		—		—		563		20,546		—
	43,201		75		—		—		648		43,924		1,038

December 31, 2025 Value · Gross Additions(a) · Gross Reductions (b) · Amount of Realized Gain (Loss) · Amount of Unrealized Gain (Loss) · June 30,2026 Value · Amount of Interest or Dividends Credited to Income(c)
Portfolio Company · Type of Investment
Eclipse Business Capital, LLC(d)	First Lien Senior Secured Term Loan (SOFR + 6.60%, 10.2% Cash)	$—		$3,333		$—		$—		$—		$3,333		$33
Revolver (SOFR + 6.60%, 10.2% Cash)	9,909		27,736		(24,757)		—		(9)		12,879		501
Second Lien Senior Secured Term Loan (7.5% Cash)	4,546		4		—		—		(4)		4,546		176
LLC units (89,447,396 units)	139,539		—		—		—		—		139,539		8,067
	153,994		31,073		(24,757)		—		(13)		160,297		8,777
EMI Porta Holdco LLC(d)	First Lien Senior Secured Term Loan (SOFR + 5.50%, 9.1% Cash)	—		4,656		—		—		—		4,656		59
Revolver (SOFR + 5.50%, 9.1% Cash)	—		127		(127)		—		—		—		2
Preferred Stock (2,322,860 shares) (12.0% PIK)	—		2,323		—		—		46		2,369		—
Common Stock(6,017,772 shares)	—		3,004		—		—		(56)		2,948		—
		—		10,110		(127)		—		(10)		9,973		61
Jocassee Partners LLC	9.1% Member Interest	37,986		—		—		—		(4,806)		33,180		5,709
	37,986		—		—		—		(4,806)		33,180		5,709
Policy Services(d)	First Lien Senior Secured Term Loan (SOFR + 6.00%, 9.9% Cash, 4.0% PIK)	—		50,122		—		—		(226)		49,896		1,995
Class A Units (251.4 units)	—		—		—		—		—		—		—
Warrants - Class A (2.5582 units)	—		—		—		—		—		—		—
Warrants - Class B(0.8634 units)	—		—		—		—		—		—		—
Warrants - Class CC (0.0888 units)	—		—		—		—		—		—		—
Warrants - Class D (0.2471 units)	—			—		—		—		—		—
	—		50,122		—		—		(226)		49,896		1,995
Rocade Holdings LLC(d)	Second Lien Senior Secured Term Loan (SOFR + 8.00%, 11.7% Cash)	2,667		9,282		—		—		(19)		11,930		329
Preferred LP Units (71,000 units) (SOFR + 6.00%, 9.7% Cash)	89,450		4,270		(4,681)		—		2		89,041		4,270
Common LP Units (23.8 units)	3,596		—		—		—		1,091		4,687		1,236
	95,713		13,552		(4,681)		—		1,074		105,658		5,835
Sierra Senior Loan Strategy JV I LLC	89.01% Member Interest	16,404		—		(16,437)		—		33		—		223
16,404		—		(16,437)		—		33		—		223
Skyvault Holdings LLC(d)	First Lien Senior Secured Term Loan (12.0% Cash)	16,020		123		—		—		—		16,143		971
LLC Units (5,381,304.8 units)	5,339		41		(2,140)		—		1,763		5,003		1,899
	21,359		164		(2,140)		—		1,763		21,146		2,870
Thompson Rivers LLC	16.0% Member Interest	4,271		—		(1,598)		—		37		2,710		—
	4,271		—		(1,598)		—		37		2,710		—
Waccamaw River LLC	20% Member Interest	4,489		—		(4,406)		—		(7)		76		161
4,489		—		(4,406)		—		(7)		76		161

December 31, 2025 Value · Gross Additions(a) · Gross Reductions (b) · Amount of Realized Gain (Loss) · Amount of Unrealized Gain (Loss) · June 30,2026 Value · Amount of Interest or Dividends Credited to Income(c)
Portfolio Company	Type of Investment
Zeppelin Bidco Limited(d)	First Lien Senior Secured Term Loan (SONIA + 6.50%, 10.2% Cash)	$2,565		$140		$—		$—		$(42)		$2,663		$139
Ordinary Shares (879 shares)	82		—		—		—		(82)		—		—
	2,647		140		—		—		(124)		2,663		139
Total Affiliate Investments	$399,183		$105,279		$(54,146)		$—		$(548)		$449,768		$27,320

(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 six months ended June 30, 2026 in which the portfolio company is deemed to be a “Control Investment” of the Company were as follows:

December 31, 2025Value · Gross Additions(a) · Gross Reductions (b) · Amount of Realized Gain (Loss) · Amount of Unrealized Gain (Loss) · June 30,2026Value · Amount of Interest or Dividends Credited to Income(c)
Portfolio Company	Type of Investment
MVC Automotive Group GmbH(d)	First Lien Senior Secured Term Loan (EURIBOR + 7.65%, 9.9% Cash)	$—		$5,582		$(3,733)		$(63)		$(70)		$1,716		$155
First Lien Senior Secured Term Loan (7.7% Cash)	—		3,100		—		—		(13)		3,087		27
Common Equity Interest (25,404 Shares)	14,143		—		—		—		(5,696)		8,447		—
	14,143		8,682		(3,733)		(63)		(5,779)		13,250		182
Security Holdings B.V(d)	Bridge Loan (5.0% PIK)	6,997		176		—		—		—		7,173		176
Revolver (6.0% PIK)	6,225		5,179		—		(6)		(414)		10,984		279
Senior Subordinated Term Loan (3.1% PIK)	11,565		182		—		—		—		11,747		182
Senior Unsecured Term Loan (15.0% PIK)	2,909		218		—		—		(78)		3,049		226
Common Stock Series A (17,100 shares)	436		—		—		—		11		447		—
Common Stock Series B (1,236 shares)	40,702		—		—		—		1,039		41,741		—
	68,834		5,755		—		(6)		558		75,141		863
Total Control Investments	$82,977		$14,437		$(3,733)		$(69)		$(5,221)		$88,391		$1,045

(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.

(6)All of the investment is or will be encumbered as security for the Company’s $0.8 billion senior secured credit facility with ING Capital LLC (“ING”) initially entered into in February 2019 (as amended, restated and otherwise modified from time to time, the “February 2019 Credit Facility”).

(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 June 30, 2026 was 2.20100%.

(10)The interest rate on these loans is subject to 3 Month EURIBOR, which as of June 30, 2026 was 2.32400%.

(11)The interest rate on these loans is subject to 6 Month EURIBOR, which as of June 30, 2026 was 2.56800%.

(12)The interest rate on these loans is subject to 1 Month SOFR, which as of June 30, 2026 was 3.65197%.

(13)The interest rate on these loans is subject to 3 Month SOFR, which as of June 30, 2026 was 3.73372%.

(14)The interest rate on these loans is subject to 6 Month SOFR, which as of June 30, 2026 was 3.84940%.

(15)The interest rate on these loans is subject to 3 Month SONIA, which as of June 30, 2026 was 3.74700%.

(16)The interest rate on these loans is subject to 6 Month SONIA, which as of June 30, 2026 was 3.76300%.

(17)The interest rate on these loans is subject to 1 Month BBSY, which as of June 30, 2026 was 4.31030%.

(18)The interest rate on these loans is subject to 3 Month BBSY, which as of June 30, 2026 was 4.46150%.

(19)The interest rate on these loans is subject to 1 Month CORRA, which as of June 30, 2026 was 2.27952%.

(20)The interest rate on these loans is subject to 3 Month CORRA, which as of June 30, 2026 was 2.34000%.

(21)The interest rate on these loans is subject to 3 Month STIBOR, which as of June 30, 2026 was 1.97200%.

(22)The interest rate on these loans is subject to 3 Month BKBM, which as of June 30, 2026 was 2.68000%.

(23)The interest rate on these loans is subject to 3 Month SARON, which as of June 30, 2026 was -0.04220%

(24)The interest rate on these loans is subject to 1 Month NIBOR, which as of June 30, 2026 was 4.36000%.

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

(26)Non-accrual investment.

(27)Payment-in-kind (“PIK”) non-accrual investment..

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

(29)Investment is non-income producing.

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

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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.