Blue Owl Capital Corp
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
View on SEC.govAbout 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.
Sep 30, 2026 · Filed Nov 4, 2026
OBDC$11.16-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Schedules of Investments as of
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Non-controlled/non-affiliated portfolio company investments | |||||||||||
| Debt Investments(7) | |||||||||||
| Advertising and media | |||||||||||
| IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(3)(4)(8) | First lien senior secured loan | S+ | 4.25% | 12/2029 | $42,404 | — | $42,118 | $42,404 | |||
| Monotype Imaging Holdings Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.25% | 2/2031 | 143,264 | — | 142,096 | 142,905 | |||
| 184,214 | 185,309 | 2.6% | |||||||||
| Aerospace and defense | |||||||||||
| Horizon Avionics Buyer, LLC (dba Acron Aviation)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% | 3/2032 | 19,517 | — | 19,416 | 19,517 | |||
| Peraton Corp.(3)(9) | Second lien senior secured loan | S+ | 7.75% | 2/2029 | 60,393 | — | 58,155 | 45,096 | |||
| STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 10/2031 | 110,596 | — | 109,656 | 108,937 | |||
| STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% | 10/2030 | 10,448 | — | 10,366 | 10,261 | |||
| 197,593 | 183,811 | 2.6% | |||||||||
| Asset based lending and fund finance | |||||||||||
| Hg Genesis 8 Sumoco Limited(3)(4)(19)(31) | Unsecured facility | SA+ | 6.00% | 9/2027 | £3,967 | — | 5,044 | 5,270 | |||
| Hg Genesis 9 SumoCo Limited(3)(4)(14)(31) | Unsecured facility | E+ | 6.25% | 3/2029 | €38,329 | — | 41,015 | 43,536 | |||
| Hg Saturn Luchaco Limited(3)(4)(19)(31) | Unsecured facility | SA+ | 8.25% | 3/2027 | £57,250 | — | 72,554 | 76,054 | |||
| 118,613 | 124,860 | 1.8% | |||||||||
| Automotive services | |||||||||||
| MAJCO LLC (dba Big Brand Tire & Service)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% | 9/2032 | 138,590 | — | 137,401 | 136,511 | |||
| Spotless Brands, LLC(3)(4)(10) | First lien senior secured loan | S+ | 5.75% | 7/2028 | 93,318 | — | 92,421 | 93,318 | |||
| Spotless Brands, LLC(3)(4)(10)(22) | First lien senior secured delayed draw term loan | S+ | 5.00% | 7/2028 | 12,731 | — | 12,622 | 12,699 | |||
| Spotless Brands, LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.75% | 7/2028 | 1,566 | — | 1,556 | 1,566 | |||
| 244,000 | 244,094 | 3.5% | |||||||||
| Buildings and real estate | |||||||||||
| Associations Finance, Inc.(3)(4)(6) | Unsecured notes | N/A | 14.25% | 5/2030 | 219,088 | — | 217,877 | 219,088 | |||
| Associations, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.50% | 7/2028 | 318,810 | — | 317,477 | 318,810 | |||
| Wrench Group LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 9/2032 | 93,268 | — | 92,798 | 92,801 | |||
| 628,152 | 630,699 | 9.0% | |||||||||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Business services | |||||||||||
| Aurelia Netherlands B.V.(3)(4)(14)(31) | First lien senior secured EUR term loan | E+ | 4.75% | 5/2031 | €64,136 | — | 72,487 | 72,849 | |||
| CMG HoldCo, LLC (dba Crete United)(3)(4)(10)(22) | First lien senior secured loan | S+ | 5.00% | 11/2030 | 1,610 | — | 1,586 | 1,506 | |||
| CoolSys, Inc.(3)(9) | First lien senior secured loan | S+ | 2.50% | 3.50% | 8/2028 | 12,173 | — | 12,032 | 10,570 | ||
| DuraServ LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.75% | 6/2031 | 127,633 | — | 126,706 | 126,037 | |||
| DuraServ LLC(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 4.75% | 6/2030 | 6,803 | — | 6,748 | 6,583 | |||
| Gainsight, Inc.(3)(4)(10) | First lien senior secured loan | S+ | 5.50% | 7/2027 | 30,123 | — | 30,027 | 29,973 | |||
| Hercules Borrower, LLC (dba The Vincit Group)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 12/2028 | 119,005 | — | 118,717 | 119,005 | |||
| Hercules Buyer, LLC (dba The Vincit Group)(3)(4)(6)(33) | Unsecured notes | N/A | 0.48% | 12/2029 | 6,316 | — | 6,450 | 9,582 | |||
| KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 10/2028 | 42,762 | — | 40,323 | 38,486 | |||
| KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 5.75% | 10/2028 | 31 | — | 30 | 28 | |||
| NextGen Security, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 9/2033 | 13,219 | — | 13,055 | 13,054 | |||
| 428,161 | 427,673 | 6.1% | |||||||||
| Chemicals | |||||||||||
| Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(3)(4)(9) | First lien senior secured loan | S+ | 1.00% | 8.00% | 11/2030 | 17,325 | — | 16,506 | 16,502 | ||
| Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 11/2030 | 28,740 | — | 27,476 | 27,591 | |||
| DCG ACQUISITION CORP. (dba DuBois Chemical)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 6/2031 | 79,048 | — | 78,289 | 77,863 | |||
| Gaylord Chemical Company, L.L.C.(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.75% | 12/2027 | 184,979 | — | 184,430 | 184,979 | |||
| Rocket BidCo, Inc. (dba Recochem)(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.75% | 11/2030 | 249,594 | — | 245,620 | 248,970 | |||
| 552,321 | 555,905 | 7.9% | |||||||||
| Consumer products | |||||||||||
| Conair Holdings LLC(3)(8) | First lien senior secured loan | S+ | 3.75% | 5/2028 | 12,312 | — | 11,591 | 10,680 | |||
| Conair Holdings LLC(3)(4)(8) | Second lien senior secured loan | S+ | 7.50% | 5/2029 | 127,896 | — | 125,697 | 107,753 | |||
| Feradyne Outdoors, LLC(3)(4)(9)(28) | First lien senior secured loan | S+ | 6.75% | 5/2028 | 87,437 | — | 78,196 | 29,729 | |||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Lignetics Investment Corp.(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% | 3/2028 | 116,956 | — | 116,190 | 116,956 | |||
| SWK BUYER, Inc. (dba Stonewall Kitchen)(3)(4)(10)(22) | First lien senior secured loan | S+ | 5.25% | 3/2029 | 1,557 | — | 1,527 | 1,324 | |||
| WU Holdco, Inc. (dba PurposeBuilt Brands)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 4/2032 | 92,889 | — | 92,695 | 92,424 | |||
| 425,896 | 358,866 | 5.1% | |||||||||
| Containers and packaging | |||||||||||
| Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 1/2032 | 102,582 | — | 102,214 | 102,068 | |||
| Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.25% | 1/2031 | 1,207 | — | 1,181 | 1,171 | |||
| Ascend Buyer, LLC (dba PPC Flexible Packaging)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 9/2030 | 74,071 | — | 73,296 | 73,329 | |||
| Fortis Solutions Group, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% | 10/2028 | 37,369 | — | 36,700 | 36,888 | |||
| Indigo Buyer, Inc. (dba Inovar Packaging Group)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 5/2028 | 14,039 | — | 13,947 | 14,039 | |||
| Pregis Topco LLC(3)(4)(8) | Second lien senior secured loan | S+ | 7.75% | 8/2029 | 25,720 | — | 25,491 | 25,720 | |||
| Pregis Topco LLC(3)(4)(8) | Second lien senior secured loan | S+ | 6.75% | 8/2029 | 150,056 | — | 148,798 | 150,056 | |||
| 401,627 | 403,271 | 5.7% | |||||||||
| Distribution | |||||||||||
| ABB/Con-cise Optical Group LLC(3)(4)(9) | First lien senior secured loan | S+ | 7.50% | 2/2028 | 64,629 | — | 64,334 | 64,467 | |||
| Endries Acquisition, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.50% | 12/2028 | 118,260 | — | 117,568 | 117,078 | |||
| Forge Industries, Inc. (dba Bearing Distributors, Inc.)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% | 7/2032 | 46,574 | — | 46,215 | 46,207 | |||
| Offen, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 7/2030 | 14,642 | — | 14,525 | 14,642 | |||
| 242,642 | 242,394 | 3.5% | |||||||||
| Education | |||||||||||
| Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22) | First lien senior secured loan | S+ | 2.75% | 2.25% | 10/2031 | 1,629 | — | 1,605 | 1,557 | ||
| 1,605 | 1,557 | —% | |||||||||
| Financial services | |||||||||||
| 1596213 B.C. Ltd. (dba Harbourfront)(3)(4)(21)(31) | First lien senior secured loan | C+ | 5.25% | 9/2033 | C$19,925 | — | 14,075 | 13,893 | |||
| Baker Tilly Advisory Group, LP(3)(4)(8) | First lien senior secured loan | S+ | 4.75% | 6/2031 | 80,965 | — | 79,935 | 80,965 | |||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Baker Tilly Advisory Group, LP(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.25% | 6/2030 | 9,729 | — | 9,633 | 9,729 | |||
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% | 6/2030 | 42,047 | — | 41,556 | 42,047 | |||
| Continental Finance Company, LLC(3)(4)(8) | First lien senior secured loan | S+ | 8.00% | 3/2029 | 7,500 | — | 7,451 | 7,463 | |||
| Deerfield Dakota Holdings(3)(4)(9) | First lien senior secured loan | S+ | 3.00% | 2.75% | 9/2032 | 117,299 | — | 116,798 | 116,713 | ||
| Deerfield Dakota Holdings(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.06% | 9/2032 | 3,768 | — | 3,722 | 3,714 | |||
| Klarna Holding AB(3)(4)(9)(31) | Subordinated Floating Rate Notes | S+ | 7.00% | 4/2034 | 1,000 | — | 1,000 | 1,000 | |||
| KRIV Acquisition Inc. (dba Riveron)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% | 7/2031 | 8,001 | — | 7,857 | 8,001 | |||
| Minotaur Acquisition, Inc. (dba Inspira Financial)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 6/2030 | 219,022 | — | 216,759 | 219,022 | |||
| NMI Acquisitionco, Inc. (dba Network Merchants)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.50% | 9/2028 | 46,281 | — | 46,160 | 46,281 | |||
| Smarsh Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 2/2029 | 2,031 | — | 2,015 | 1,933 | |||
| Smarsh Inc.(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.00% | 2/2029 | 98 | — | 97 | 89 | |||
| Wipfli Advisory LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.25% | 10/2032 | 26,341 | — | 26,272 | 26,190 | |||
| 573,330 | 577,040 | 8.2% | |||||||||
| Food and beverage | |||||||||||
| Balrog Acquisition, Inc. (dba Bakemark)(3)(4)(8) | Second lien senior secured loan | S+ | 7.00% | 9/2029 | 28,000 | — | 27,835 | 16,870 | |||
| Blast Bidco Inc. (dba Bazooka Candy Brands)(3)(4)(9) | First lien senior secured loan | S+ | 6.00% | 10/2030 | 37,108 | — | 36,502 | 36,830 | |||
| Eagle Family Foods Group LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 8/2030 | 1,650 | — | 1,636 | 1,646 | |||
| Envero Midco 2 LLC (dba Sun World)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 9/2033 | 60,698 | — | 60,397 | 60,394 | |||
| Envero Midco 2 LLC (dba Sun World)(3)(4)(14) | First lien senior secured EUR term loan | E+ | 4.75% | 9/2033 | €17,347 | — | 20,017 | 19,606 | |||
| Fiesta Purchaser, Inc. (dba Shearer's Foods)(3)(10)(22) | First lien senior secured revolving loan | S+ | 2.75% | 2/2029 | 2,486 | — | 2,486 | 2,376 | |||
| Gehl Foods, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.25% | 6/2030 | 97,779 | — | 96,816 | 97,779 | |||
| Hissho Parent, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 5/2029 | 16,381 | — | 16,277 | 16,381 | |||
| Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(3)(4)(8) | First lien senior secured loan | S+ | 6.25% | 3/2027 | 27,682 | — | 27,487 | 27,682 | |||
| Interest | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) | Investment | Ref. Rate | Cash | PIK | Maturity Date | Par | Shares/Units | Amortized Cost(2)(27) | Fair Value | % of Net Assets |
| KBP Brands, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.26% | 5/2027 | 273 | — | 269 | 269 | ||
| KBP Brands, LLC(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 5.25% | 5/2027 | 775 | — | 767 | 764 | ||
| Ole Smoky Distillery, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.50% | 3/2028 | 844 | — | 839 | 776 | ||
| Rushmore Investment III LLC (dba Winland Foods)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 10/2030 | 329,663 | — | 326,731 | 328,015 | ||
| Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 7/2027 | 55,765 | — | 55,744 | 53,255 | ||
| Vital Bidco AB (dba Vitamin Well)(3)(4)(8)(31) | First lien senior secured loan | S+ | 4.25% | 10/2031 | 61,107 | — | 60,217 | 61,107 | ||
| 734,020 | 723,750 | 10.3% | ||||||||
| Healthcare equipment and services | ||||||||||
| Arctic US Bidco, Inc. (dba ThermoSafe)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% | 11/2032 | 36,216 | — | 36,029 | 36,008 | ||
| Bamboo US BidCo LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 9/2030 | 10,616 | — | 10,558 | 10,616 | ||
| Bamboo US BidCo LLC(3)(4)(14) | First lien senior secured EUR term loan | E+ | 5.25% | 9/2030 | €4,627 | — | 4,803 | 5,256 | ||
| Bamboo US BidCo LLC(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.25% | 10/2029 | 538 | — | 538 | 538 | ||
| Cambrex Corporation(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% | 3/2032 | 916 | — | 907 | 913 | ||
| Caris Life Sciences, Inc.(3)(4)(10)(31) | First lien senior secured loan | S+ | 5.00% | 4/2031 | 19,714 | — | 19,624 | 19,714 | ||
| CSC MKG Topco LLC (dba Medical Knowledge Group)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 2/2029 | 4,580 | — | 4,510 | 4,580 | ||
| Lotus US Bidco Inc. (dba INGENYX)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% | 8/2033 | 44,285 | — | 44,038 | 44,033 | ||
| Nelipak Holding Company(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 3/2031 | 29,490 | — | 29,051 | 29,269 | ||
| Nelipak Holding Company(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.50% | 3/2031 | 1,145 | — | 1,059 | 1,093 | ||
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(3)(4)(14) | First lien senior secured EUR term loan | E+ | 5.50% | 3/2031 | €43,994 | — | 46,276 | 49,596 | ||
| Packaging Coordinators Midco, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 10/2032 | 159,874 | — | 158,236 | 158,675 | ||
| Packaging Coordinators Midco, Inc.(3)(4)(19) | First lien senior secured delayed draw term loan | SA+ | 5.00% | 10/2032 | £14,338 | — | 18,867 | 18,904 | ||
| Packaging Coordinators Midco, Inc.(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.00% | 10/2032 | 844 | — | 668 | 718 | ||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.)(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.75% | 1/2028 | 142,865 | — | 142,214 | 142,865 | |||
| PerkinElmer U.S. LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% | 3/2029 | 26,604 | — | 26,563 | 26,313 | |||
| Rhea Parent, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 12/2030 | 40,063 | — | 39,722 | 39,662 | |||
| TBRS, Inc. (dba TEAM Technologies)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 11/2031 | 40,899 | — | 40,600 | 40,797 | |||
| TBRS, Inc. (dba TEAM Technologies)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.75% | 11/2030 | 442 | — | 422 | 428 | |||
| 624,685 | 629,978 | 9.0% | |||||||||
| Healthcare providers and services | |||||||||||
| Allied Benefit Systems Intermediate LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 10/2030 | 5,193 | — | 5,193 | 5,180 | |||
| Belmont Buyer, Inc. (dba Valenz)(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.50% | 6/2029 | 4,507 | — | 4,448 | 4,507 | |||
| Belmont Buyer, Inc. (dba Valenz)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 6/2029 | 3,104 | — | 3,055 | 3,074 | |||
| Bristol Hospice L.L.C.(3)(4)(8) | First lien senior secured loan | S+ | 5.25% | 8/2032 | 41,678 | — | 41,495 | 41,678 | |||
| Commander Buyer, Inc. (dba CenExel)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 6/2032 | 55,680 | — | 55,420 | 55,680 | |||
| Covetrus, Inc.(3)(4)(9) | Second lien senior secured loan | S+ | 9.25% | 10/2030 | 30,000 | — | 29,032 | 30,000 | |||
| dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.)(3)(4)(21)(22)(31) | First lien senior secured loan | C+ | 5.00% | 1/2033 | C$126,087 | — | 91,164 | 89,393 | |||
| Engage Debtco Limited(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.71% | 7/2029 | 2,163 | — | 2,122 | 1,953 | |||
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 12/2029 | 118,132 | — | 117,021 | 118,132 | |||
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)(3)(4)(9) | First lien senior secured loan | S+ | 4.00% | 9/2030 | 555 | — | 553 | 555 | |||
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)(3)(4)(8) | First lien senior secured delayed draw term loan | S+ | 4.00% | 9/2030 | 175 | — | 175 | 175 | |||
| Maple Acquisition, LLC (dba Medicus)(3)(4)(10) | First lien senior secured loan | S+ | 4.75% | 5/2031 | 77,778 | — | 77,141 | 77,778 | |||
| National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(8)(28)(36) | First lien senior secured loan | S+ | 10.00% | 9/2026 | 175,819 | — | 142,633 | 61,016 | |||
| National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(8)(28)(36) | First lien senior secured delayed draw term loan | S+ | 12.00% | 9/2026 | 24,967 | — | 14,248 | 7,241 | |||
| Interest | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||
| National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(8)(22)(28)(36) | First lien senior secured revolving loan | S+ | 9.00% | 9/2026 | 12,956 | — | 10,147 | 3,679 | |
| Natural Partners, LLC(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.50% | 11/2030 | 6,409 | — | 6,329 | 6,409 | |
| Nova Women's Health, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% | 1/2032 | 14,645 | — | 14,535 | 14,608 | |
| OB Hospitalist Group, Inc.(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.50% | 1/2031 | 119,527 | — | 118,528 | 119,527 | |
| Pacific BidCo Inc.(3)(4)(10)(31) | First lien senior secured loan | S+ | 5.75% | 8/2029 | 48,719 | — | 47,956 | 47,745 | |
| PetVet Care Centers, LLC(3)(4)(8) | First lien senior secured loan | S+ | 6.00% | 11/2030 | 130,003 | — | 128,137 | 111,802 | |
| PetVet Care Centers, LLC(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.00% | 11/2029 | 7,319 | — | 7,173 | 4,758 | |
| Physician Partners, LLC(3)(9) | First lien senior secured loan | S+ | 6.00% | 12/2029 | 11,286 | — | 10,826 | 11,421 | |
| Physician Partners, LLC(3)(9) | First lien senior secured loan | S+ | 4.00% | 12/2029 | 6,596 | — | 4,698 | 6,332 | |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28) | First lien senior secured loan | S+ | 5.75% | 5/2029 | 1,549 | — | 1,347 | 674 | |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(22)(28) | First lien senior secured delayed draw term loan | S+ | 6.25% | 5/2028 | 54 | — | 49 | 53 | |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28) | First lien senior secured revolving loan | S+ | 5.75% | 5/2028 | 170 | — | 149 | 74 | |
| PPV Intermediate Holdings, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.75% | 8/2029 | 29,101 | — | 28,728 | 28,341 | |
| PPV Intermediate Holdings, LLC(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 6.00% | 8/2029 | 1,746 | — | 1,725 | 1,711 | |
| Premier Imaging, LLC (dba LucidHealth)(3)(4)(9) | First lien senior secured loan | S+ | 6.00% | 10/2027 | 47,083 | — | 47,045 | 38,138 | |
| Premise Health Holding Corp.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% | 11/2032 | 88,276 | — | 87,867 | 87,381 | |
| Quva Pharma, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 3.00% | 4/2028 | 68,822 | — | 68,048 | 67,101 |
| SimonMed, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% | 2/2032 | 537 | — | 534 | 535 | |
| SimonMed, Inc.(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.75% | 2/2031 | 33 | — | 33 | 33 | |
| Soleo Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 2/2032 | 78,100 | — | 77,753 | 78,100 | |
| Tivity Health, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 6/2029 | 138 | — | 138 | 138 | |
| Unified Women's Healthcare, LP(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 6/2029 | 56,880 | — | 56,441 | 56,880 | |
| Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 9/2031 | 41,812 | — | 41,309 | 41,812 | |
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Vermont Aus Pty Ltd(3)(4)(17)(31) | First lien senior secured AUD term loan | B+ | 4.50% | 3/2028 | A$2,061 | — | 1,362 | 1,434 | |||
| 1,344,557 | 1,225,048 | 17.5% | |||||||||
| Healthcare technology | |||||||||||
| BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% | 8/2028 | 177,222 | — | 175,631 | 176,778 | |||
| BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(8)(22) | First lien senior secured delayed draw term loan | S+ | 5.75% | 8/2028 | 52,518 | — | 52,037 | 52,382 | |||
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% | 8/2031 | 87,269 | — | 86,312 | 87,269 | |||
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8) | First lien senior secured loan | S+ | 4.75% | 8/2031 | 12,662 | — | 12,609 | 12,631 | |||
| GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9) | First lien senior secured loan | S+ | 6.00% | 10/2028 | 24,437 | — | 23,973 | 18,633 | |||
| GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 6.00% | 10/2027 | 1,872 | — | 1,859 | 1,387 | |||
| Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8) | First lien senior secured loan | S+ | 6.00% | 12/2030 | 22,591 | — | 22,252 | 22,252 | |||
| Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.00% | 6/2030 | 1,753 | — | 1,729 | 1,722 | |||
| Inovalon Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 2.75% | 11/2028 | 156,566 | — | 156,395 | 149,129 | ||
| Inovalon Holdings, Inc.(3)(4)(9) | Second lien senior secured loan | S+ | 8.50% | 11/2033 | 69,502 | — | 69,502 | 58,381 | |||
| Interoperability Bidco, Inc. (dba Lyniate)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 3/2028 | 71,210 | — | 71,051 | 71,032 | |||
| Klick Inc.(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.75% | 11/2032 | 74,512 | — | 74,176 | 74,140 | |||
| Modernizing Medicine, Inc. (dba ModMed)(3)(4)(9) | First lien senior secured loan | S+ | 2.50% | 2.25% | 4/2032 | 781 | — | 775 | 781 | ||
| RL Datix Holdings (USA), Inc.(3)(4)(10) | First lien senior secured loan | S+ | 4.75% | 4/2031 | 55,712 | — | 55,713 | 55,155 | |||
| RL Datix Holdings (USA), Inc.(3)(4)(19) | First lien senior secured GBP term loan | SA+ | 5.00% | 4/2031 | £25,885 | — | 34,933 | 34,043 | |||
| Salinger Bidco Inc. (dba Surgical Information Systems)(3)(4)(8) | First lien senior secured loan | S+ | 5.75% | 8/2031 | 40,704 | — | 40,182 | 40,704 | |||
| 879,129 | 856,419 | 12.2% | |||||||||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Household products | |||||||||||
| HGH Purchaser, Inc. (dba Horizon Services)(3)(4)(9) | First lien senior secured loan | S+ | 3.25% | 3.75% | 11/2028 | 198,990 | — | 198,443 | 185,559 | ||
| HGH Purchaser, Inc. (dba Horizon Services)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 6.50% | 11/2028 | 11,799 | — | 11,744 | 10,676 | |||
| Mario Midco Holdings, Inc. (dba Len the Plumber)(3)(4)(9) | Unsecured facility | S+ | 10.75% | 4/2032 | 9,896 | — | 9,711 | 7,026 | |||
| Mario Purchaser, LLC (dba Len the Plumber)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.75% | 4/2028 | 954 | — | 938 | 746 | |||
| Mario Purchaser, LLC (dba Len the Plumber)(3)(4)(9) | First lien senior secured loan | S+ | 4.00% | 2.00% | 4/2029 | 28,122 | — | 27,719 | 25,099 | ||
| Sentinel Buyer Corp. (dba SimpliSafe)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 11/2032 | 40,313 | — | 39,950 | 40,010 | |||
| 288,505 | 269,116 | 3.8% | |||||||||
| Human resource support services | |||||||||||
| Cornerstone OnDemand, Inc.(3)(4)(8) | Second lien senior secured loan | S+ | 6.50% | 10/2029 | 160,417 | — | 154,971 | 90,635 | |||
| IG Investments Holdings, LLC (dba Insight Global)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 9/2028 | 111,384 | — | 110,636 | 111,384 | |||
| 265,607 | 202,019 | 2.9% | |||||||||
| Infrastructure and environmental services | |||||||||||
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 1/2031 | 51,039 | — | 50,524 | 51,039 | |||
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% | 1/2030 | 807 | — | 797 | 807 | |||
| CoreWeave Financing DDTL V-V, LLC(3)(8)(22)(31) | First lien senior secured delayed draw term loan | S+ | 5.50% | 9/2031 | 8,969 | — | 8,531 | 9,025 | |||
| GI Apple Midco LLC (dba Atlas Technical Consultants)(3)(4)(8) | First lien senior secured loan | S+ | 6.75% | 4/2030 | 920 | — | 911 | 890 | |||
| GI Apple Midco LLC (dba Atlas Technical Consultants)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.75% | 4/2029 | 90 | — | 89 | 86 | |||
| IE Mackenzie Compute Ltd.(3)(4)(6)(31) | First lien senior secured delayed draw term loan | N/A | 9.00% | 3/2029 | 61,884 | — | 60,555 | 60,522 | |||
| Peachtree Buyer, Inc. (dba Pond & Company)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 12/2032 | 37,967 | — | 37,605 | 37,682 | |||
| Peachtree Buyer, Inc. (dba Pond & Company)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.50% | 12/2032 | 276 | — | 259 | 244 | |||
| Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% | 3/2029 | 1,651 | — | 1,636 | 1,635 | |||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| VCI Asset Holdings LLC(3)(4)(6)(31) | First lien senior secured loan | N/A | 10.00% | 11/2030 | 76,886 | — | 76,225 | 81,884 | |||
| Vessco Midco Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.25% | 7/2031 | 45,722 | — | 45,239 | 45,722 | |||
| Vessco Midco Holdings, LLC(3)(4)(10)(22) | First lien senior secured loan | S+ | 4.25% | 7/2031 | 32,167 | — | 31,954 | 32,167 | |||
| 314,325 | 321,703 | 4.6% | |||||||||
| Insurance | |||||||||||
| Acrisure, LLC(3)(8) | First lien senior secured loan | S+ | 3.00% | 11/2030 | 12,664 | — | 10,508 | 10,163 | |||
| Alera Group, Inc.(3)(8) | Second lien senior secured loan | S+ | 5.50% | 5/2033 | 32,083 | — | 31,231 | 30,899 | |||
| AmeriLife Holdings LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 8/2029 | 13,240 | — | 13,043 | 13,206 | |||
| AmeriLife Holdings LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% | 8/2028 | 250 | — | 247 | 248 | |||
| Brightway Holdings, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 12/2029 | 52,097 | — | 51,974 | 52,097 | |||
| Diamond Mezzanine 24 LLC (dba United Risk)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 10/2030 | 24,978 | — | 24,775 | 24,978 | |||
| Evolution BuyerCo, Inc. (dba SIAA)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 4/2030 | 413 | — | 409 | 407 | |||
| Integrity Marketing Acquisition, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 8/2028 | 102,867 | — | 102,164 | 102,867 | |||
| KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(3)(4)(8) | First lien senior secured loan | S+ | 10.50% | 7/2030 | 75,023 | — | 74,499 | 75,023 | |||
| Norvax, LLC (dba GoHealth)(3)(4)(8)(28) | First lien senior secured loan | S+ | 5.50% | 7/2031 | 4,179 | — | 679 | — | |||
| Norvax, LLC (dba GoHealth)(3)(4)(8)(28) | First lien senior secured loan | S+ | 5.50% | 7/2031 | 2,483 | — | 439 | 410 | |||
| Simplicity Financial Marketing Group Holdings, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 12/2031 | 51,151 | — | 50,582 | 50,640 | |||
| THG Acquisition, LLC (dba Hilb)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% | 10/2031 | 44,490 | — | 44,047 | 43,894 | |||
| Trucordia Insurance Holdings, LLC(3)(4)(9) | Second lien senior secured loan | S+ | 5.75% | 6/2033 | 150,000 | — | 148,674 | 139,500 | |||
| USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 12/2029 | 50,907 | — | 50,596 | 50,907 | |||
| 603,867 | 595,239 | 8.5% | |||||||||
| Internet software and services | |||||||||||
| AI Titan Parent, Inc. (dba Prometheus Group)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.50% | 8/2031 | 7,887 | — | 7,724 | 7,766 | |||
| AlphaSense, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 6.25% | 6/2029 | 1,274 | — | 1,269 | 1,274 | |||
| Anaplan, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 6/2029 | 63,275 | — | 63,275 | 62,958 | |||
| Interest | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||
| Aptean Acquiror, Inc. (dba Aptean)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% | 1/2031 | 19,739 | — | 19,433 | 19,429 | |
| Armstrong Bidco Limited(3)(4)(19)(31) | First lien senior secured GBP term loan | SA+ | 5.00% | 6/2029 | £1,846 | — | 2,246 | 2,403 | |
| Artifact Bidco, Inc. (dba Avetta)(3)(4)(9) | First lien senior secured loan | S+ | 4.15% | 7/2031 | 12,011 | — | 11,922 | 12,011 | |
| Auctane, Inc. (f/k/a Stamps.com Inc.)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% | 6/2033 | 24,625 | — | 24,268 | 24,440 | |
| Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(3)(4)(8) | First lien senior secured loan | S+ | 6.00% | 3/2031 | 15,738 | — | 15,539 | 15,542 | |
| Barracuda Parent, LLC(3)(9) | First lien senior secured loan | S+ | 4.50% | 8/2029 | 12,569 | — | 11,999 | 8,773 | |
| Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9) | First lien senior secured loan | S+ | 2.50% | 3.00% | 10/2028 | 90,933 | — | 90,766 | 89,796 |
| Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% | 10/2027 | 4,993 | — | 4,985 | 4,901 | |
| BCTO WIW Holdings, Inc. (dba When I Work)(3)(4)(6) | Senior convertible notes | N/A | 5.50% | 8/2030 | 4,953 | — | 4,953 | 4,953 | |
| By Light Professional IT Services LLC(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.50% | 7/2031 | 45,194 | — | 44,591 | 43,899 | |
| Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 2/2028 | 22,171 | — | 21,950 | 21,839 | |
| CivicPlus, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 3.25% | 2.75% | 8/2030 | 80,379 | — | 80,071 | 79,777 |
| Clearwater Analytics Holdings, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.50% | 6/2033 | 38,402 | — | 38,215 | 38,210 | |
| Coupa Holdings, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 2/2030 | 1,675 | — | 1,663 | 1,663 | |
| Coupa Holdings, LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.25% | 2/2029 | 72 | — | 72 | 71 | |
| CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(3)(4)(10) | Unsecured notes | S+ | 11.75% | 6/2034 | 23,049 | — | 22,855 | 22,645 | |
| Crewline Buyer, Inc. (dba New Relic)(3)(4)(9) | First lien senior secured loan | S+ | 6.75% | 11/2030 | 146,812 | — | 144,784 | 143,876 | |
| Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet)(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.50% | 8/2032 | 79,105 | — | 77,999 | 74,034 | |
| EET Buyer, Inc. (dba e-Emphasys)(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 11/2029 | 15,000 | — | 14,890 | 14,963 | |
| Einstein Parent, Inc. (dba Smartsheet)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 1/2031 | 43,387 | — | 43,026 | 42,844 | |
| Interest | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||
| Flexera Software LLC(3)(4)(13) | First lien senior secured EUR term loan | E+ | 4.75% | 8/2032 | €5,300 | — | 6,194 | 5,960 | |
| Flexera Software LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 8/2032 | 17,563 | — | 17,526 | 17,388 | |
| Granicus, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 3.50% | 2.25% | 1/2031 | 18,025 | — | 17,830 | 18,025 |
| Granicus, Inc.(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 3.00% | 2.25% | 1/2031 | 2,676 | — | 2,639 | 2,643 |
| GS Acquisitionco, Inc. (dba insightsoftware)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 5/2028 | 9,661 | — | 9,528 | 8,526 | |
| H&F Opportunities LUX III S.À R.L (dba Checkmarx)(3)(4)(8)(31) | First lien senior secured loan | S+ | 6.50% | 4/2028 | 16,326 | — | 16,209 | 16,244 | |
| Hyland Software, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 9/2030 | 65,627 | — | 65,627 | 64,315 | |
| Icefall Parent, Inc. (dba EngageSmart)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 1/2030 | 4,197 | — | 4,197 | 4,187 | |
| Jawbreaker Parent, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 1/2033 | 61,312 | — | 60,986 | 61,159 | |
| JS Parent, Inc. (dba Jama Software)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 4/2031 | 894 | — | 890 | 894 | |
| Litera Bidco LLC(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% | 5/2028 | 150,050 | — | 149,657 | 148,147 | |
| Matterhorn Finco, Inc. (dba Nexthink)(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 3/2033 | 34,379 | — | 34,218 | 34,379 | |
| Ministry Brands Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.50% | 12/2028 | 11,790 | — | 11,602 | 11,642 | |
| NSCALE SERVICES UK LTD(3)(4)(9)(22)(31) | First lien senior secured delayed draw term loan | S+ | 5.00% | 2/2031 | 3,990 | — | 3,461 | 3,793 | |
| Onward Acquireco, Inc. (dba OneStream)(3)(4)(8) | First lien senior secured loan | S+ | 2.38% | 2.68% | 4/2033 | 60,534 | — | 60,323 | 60,534 |
| PDI TA Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 3.50% | 2.50% | 2/2031 | 21,900 | — | 21,520 | 20,640 |
| PDI TA Holdings, Inc.(3)(4)(9) | First lien senior secured revolving loan | S+ | 5.50% | 2/2031 | 1,824 | — | 1,811 | 1,719 | |
| QAD, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.75% | 11/2027 | 69,085 | — | 68,691 | 69,085 | |
| Securonix, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 7.00% | 4/2029 | 1,947 | — | 1,850 | 1,423 | |
| Sitecore Holding III A/S(3)(4)(10) | First lien senior secured loan | S+ | 6.00% | 3/2029 | 4,574 | — | 4,558 | 4,483 | |
| Sitecore Holding III A/S(3)(4)(15) | First lien senior secured EUR term loan | E+ | 6.00% | 3/2029 | €26,382 | — | 27,833 | 29,367 | |
| Sitecore USA, Inc.(3)(4)(10) | First lien senior secured loan | S+ | 6.00% | 3/2029 | 27,576 | — | 27,481 | 27,025 | |
| Spaceship Purchaser, Inc. (dba Squarespace)(3)(4)(9)(35) | First lien senior secured loan | S+ | 3.75% | 10/2031 | 12,755 | — | 12,755 | 12,692 | |
| Themis Solutions Inc. (dba Clio)(3)(4)(8)(31) | First lien senior secured loan | S+ | 1.75% | 3.75% | 10/2032 | 9,061 | — | 8,983 | 8,993 |
| Interest | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) | Investment | Ref. Rate | Cash | PIK | Maturity Date | Par | Shares/Units | Amortized Cost(2)(27) | Fair Value | % of Net Assets |
| Thunder Purchaser, Inc. (dba Vector Solutions)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 6/2028 | 96,454 | — | 95,900 | 95,971 | ||
| Zendesk, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 11/2028 | 116,359 | — | 115,144 | 114,906 | ||
| 1,595,908 | 1,582,207 | 22.6% | ||||||||
| Leisure and entertainment | ||||||||||
| Aerosmith Bidco 1 Limited (dba Audiotonix)(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.25% | 7/2031 | 174,694 | — | 172,520 | 174,694 | ||
| Aerosmith Bidco 1 Limited (dba Audiotonix)(3)(4)(10)(31) | First lien senior secured delayed draw term loan | S+ | 5.25% | 7/2031 | 43,934 | — | 43,475 | 43,934 | ||
| Eternal Buyer, LLC (dba Wedgewood Weddings)(3)(4)(8) | First lien senior secured loan | S+ | 4.25% | 6/2032 | 34,650 | — | 34,502 | 34,563 | ||
| Kid Distro Holdings, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 8/2033 | 47,630 | — | 46,923 | 46,915 | ||
| Troon Golf, L.L.C.(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 8/2032 | 122,149 | — | 121,848 | 122,149 | ||
| 419,268 | 422,255 | 6.0% | ||||||||
| Manufacturing | ||||||||||
| Loparex Midco B.V.(3)(4)(9)(28)(36) | First lien senior secured loan | S+ | 8.00% | 2/2027 | 782 | — | 782 | 821 | ||
| Loparex Midco B.V.(3)(4)(9)(28)(36) | First lien senior secured loan | S+ | 6.50% | 7/2027 | 4,122 | — | 3,934 | 134 | ||
| Loparex Midco B.V.(3)(4)(9)(28)(36) | Second lien senior secured loan | S+ | 8.75% | 7/2027 | 112,000 | — | 110,162 | 3,640 | ||
| Loparex Midco B.V.(3)(4)(9)(28)(36) | Second lien senior secured loan | S+ | 8.50% | 7/2027 | 21,000 | — | 20,459 | 683 | ||
| MHE Intermediate Holdings, LLC (dba OnPoint Group)(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.00% | 7/2027 | 109,740 | — | 109,459 | 107,098 | ||
| MHE Intermediate Holdings, LLC (dba OnPoint Group)(3)(4)(9) | First lien senior secured loan | S+ | 6.25% | 7/2027 | 2,488 | — | 2,471 | 2,438 | ||
| Sonny's Enterprises, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 8/2028 | 269,232 | — | 267,592 | 263,175 | ||
| Sonny's Enterprises, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 6.50% | 8/2028 | 20,252 | — | 20,139 | 20,059 | ||
| Sonny's Enterprises, LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.50% | 8/2027 | 21,103 | — | 21,059 | 20,604 | ||
| 556,057 | 418,652 | 6.0% | ||||||||
| Pharmaceuticals | ||||||||||
| Puma Buyer, LLC (dba PANTHERx)(3)(4)(9) | First lien senior secured loan | S+ | 4.25% | 3/2032 | 1,203 | — | 1,196 | 1,203 | ||
| Senderra RX Acquisition, LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.50% | 3/2033 | 25,321 | — | 25,085 | 25,258 | ||
| 26,281 | 26,461 | 0.4% | ||||||||
| Interest | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | ||||||||||||
| Professional services | ||||||||||||
| Essential Services Holding Corporation (dba Turnpoint)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 6/2031 | 25,426 | — | 25,144 | 24,409 | ||||
| Essential Services Holding Corporation (dba Turnpoint)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.25% | 6/2030 | 1,360 | — | 1,341 | 1,236 | ||||
| Gerson Lehrman Group, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 12/2028 | 149,294 | — | 148,435 | 148,174 | ||||
| Guidehouse Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.75% | 12/2030 | 49,082 | — | 48,318 | 46,382 | ||||
| Paris US Holdco, Inc. (dba Precinmac)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% | 12/2031 | 35,485 | — | 35,064 | 35,485 | ||||
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(9) | First lien senior secured loan | S+ | 6.50% | 5/2028 | 89,278 | — | 88,962 | 89,278 | ||||
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(14) | First lien senior secured EUR term loan | E+ | 6.75% | 5/2028 | €15,300 | — | 16,358 | 17,379 | ||||
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.50% | 5/2028 | 3,231 | — | 3,209 | 3,231 | ||||
| Vensure Employer Services, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 9/2031 | 2,429 | — | 2,391 | 2,411 | ||||
| 369,222 | 367,985 | 5.2% | ||||||||||
| Specialty retail | ||||||||||||
| Galls, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.00% | 3/2030 | 145,107 | — | 143,620 | 145,107 | ||||
| The Shade Store, LLC(3)(4)(9)(35) | First lien senior secured loan | S+ | 6.00% | 10/2029 | 24,051 | — | 19,907 | 16,114 | ||||
| 163,527 | 161,221 | 2.3% | ||||||||||
| Telecommunications | ||||||||||||
| EOS Finco S.A.R.L (dba Netceed)(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.00% | 1/2032 | 7,518 | — | 6,289 | 6,203 | ||||
| EOS Finco S.A.R.L (dba Netceed)(3)(4)(13)(22)(31) | First lien senior secured delayed draw term loan | E+ | 6.25% | 1/2032 | €819 | — | 912 | 883 | ||||
| Reinstated NewCo S.À R.L. (dba Netceed)(3)(4)(9)(31) | First lien senior secured loan | S+ | 9.00% | 1/2033 | 4,737 | — | 3,653 | 3,375 | ||||
| 10,854 | 10,461 | 0.1% | ||||||||||
| Transportation | ||||||||||||
| Lightbeam Bidco, Inc. (dba Lazer Spot)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.80% | 5/2030 | 5,001 | — | 4,997 | 4,975 | ||||
| Lytx, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 2/2028 | 61,543 | — | 61,543 | 61,543 | ||||
| 66,540 | 66,518 | 0.9% | ||||||||||
| Total non-controlled/non-affiliated debt investments | $12,260,506 | $11,814,511 | 168.4% | |||||||||
| Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8) | $(3,554) | $(4,933) | (0.1)% | |||||||||
| Total non-controlled/non-affiliated portfolio company debt investments | $12,256,952 | $11,809,578 | 168.3% | |||||||||
| Interest | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) | Investment | Ref. Rate | Cash | PIK | Maturity Date | Par | Shares/Units | Amortized Cost(2)(27) | Fair Value | % of Net Assets |
| Equity Investments | ||||||||||
| Aerospace and defense | ||||||||||
| Space Exploration Technologies Corp.(3)(29)(30) | Class A Common Stock | N/A | N/A | — | 92,344 | 1,234 | 13,931 | |||
| 1,234 | 13,931 | 0.2% | ||||||||
| Asset based lending and fund finance | ||||||||||
| Amergin Asset Management, LLC(3)(4)(29)(30) | Specialty finance equity investment | N/A | N/A | — | 50,000,000 | 382 | 2,157 | |||
| 382 | 2,157 | —% | ||||||||
| Automotive services | ||||||||||
| CD&R Value Building Partners I, L.P. (dba Belron)(3)(5)(29)(30)(31) | LP Interest | N/A | N/A | 73,986 | — | 77,227 | 106,281 | |||
| Percheron Horsepower-A LP (dba Big Brand Tire & Service)(3)(5)(22)(29)(30)(31) | LP Interest | N/A | N/A | 13,429 | — | 13,429 | 21,918 | |||
| 90,656 | 128,199 | 1.8% | ||||||||
| Business services | ||||||||||
| Hercules Buyer, LLC (dba The Vincit Group)(3)(4)(29)(30)(33) | Common Units | N/A | N/A | — | 2,640,000 | 2,728 | 4,004 | |||
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(3)(4)(10)(30) | Perpetual Preferred Stock | S+ | 10.75% | N/A | — | 12,600 | 18,672 | 9,939 | ||
| Queensguard Coinvestor Aggregator LP(3)(4)(29)(30)(31) | Class A Units | N/A | N/A | — | 793,142 | 793 | 793 | |||
| 22,193 | 14,736 | 0.2% | ||||||||
| Consumer products | ||||||||||
| ASP Conair Holdings LP(3)(4)(29)(30) | Class A Units | N/A | N/A | — | 59,712 | 6,057 | 2,430 | |||
| 6,057 | 2,430 | —% | ||||||||
| Containers and packaging | ||||||||||
| TCB Holdings I LLC (dba TricorBraun)(3)(4)(6)(30) | Class A Preferred Units | N/A | 14.00% | N/A | — | 43,500 | 51,449 | 48,096 | ||
| 51,449 | 48,096 | 0.7% | ||||||||
| Distribution | ||||||||||
| Kelso XI Bison-BDI Co-Investment, L.P.(3)(4)(22)(29)(30)(31) | LP Interest | N/A | N/A | 507 | — | 507 | 507 | |||
| 507 | 507 | —% | ||||||||
| Financial services | ||||||||||
| Blend Labs, Inc.(3)(4)(29)(30) | Warrants | N/A | N/A | — | 179,529 | 975 | — | |||
| Capital Integration Systems LLC (dba CAIS)(3)(4)(29)(30) | Class D Common Units | N/A | N/A | — | 6,372 | 5,000 | 5,000 | |||
| Interest | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) | Investment | Ref. Rate | Cash | PIK | Maturity Date | Par | Shares/Units | Amortized Cost(2)(27) | Fair Value | % of Net Assets |
| Snowbird Manager LP(3)(5)(29)(30)(31) | LP Interest | N/A | N/A | — | 786,491 | 4,116 | 4,413 | |||
| 10,091 | 9,413 | 0.1% | ||||||||
| Food and beverage | ||||||||||
| Hissho Sushi Holdings, LLC(3)(4)(29)(30) | Class A Units | N/A | N/A | — | 15,004 | 129 | 234 | |||
| 129 | 234 | —% | ||||||||
| Healthcare equipment and services | ||||||||||
| KPCI Co-Invest 2, L.P.(3)(4)(29)(30)(31) | Class A Units | N/A | N/A | — | 851,604 | 8,516 | 8,503 | |||
| Maia Aggregator, LP(3)(4)(29)(30) | Class A-2 Units | N/A | N/A | — | 280,899 | 268 | 377 | |||
| Patriot Holdings SCSp (dba Corza Health, Inc.)(3)(4)(6)(30)(31) | Class A Units | N/A | 8.00% | N/A | — | 9,739 | 14,890 | 14,913 | ||
| Patriot Holdings SCSp (dba Corza Health, Inc.)(3)(4)(29)(30)(31) | Class B Units | N/A | N/A | — | 134,107 | 266 | 1,623 | |||
| Rhea Acquisition Holdings, LP(3)(4)(29)(30) | Series A-2 Units | N/A | N/A | — | 238,095 | 260 | 228 | |||
| 24,200 | 25,644 | 0.4% | ||||||||
| Healthcare providers and services | ||||||||||
| Baypine Commander Co-Invest, LP(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 3,068 | — | 3,086 | 3,214 | |||
| KOBHG Holdings, L.P. (dba OB Hospitalist)(3)(4)(29)(30) | Class A Interests | N/A | N/A | — | 9,687 | 9,376 | 13,791 | |||
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(29)(30) | Class A Interest | N/A | N/A | — | 542 | 5,522 | 8,180 | |||
| Nova Women’s Health Partners Holdings, LP(3)(4)(29)(30) | Class A Units | N/A | N/A | — | 1,188,811 | 1,545 | 1,622 | |||
| Plasma Lender Blocker, LLC (dba PathGroup)(3)(4)(29)(30) | Common Units | N/A | N/A | — | 2,017 | — | — | |||
| Polar Investors LP (dba Dentalcorp)(3)(4)(22)(29)(30)(31) | Common equity | N/A | N/A | 3,409 | — | 3,409 | 3,565 | |||
| Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)(3)(4)(6)(30) | Series A Preferred Stock | N/A | 15.00% | N/A | — | 17,918 | 22,239 | 16,465 | ||
| 45,177 | 46,837 | 0.7% | ||||||||
| Healthcare technology | ||||||||||
| BEHP Co-Investor II, L.P.(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 63 | — | 8 | 121 | |||
| Minerva Holdco, Inc.(3)(4)(6)(30) | Senior A Preferred Stock | N/A | 10.75% | N/A | — | 9,000 | 14,634 | 14,175 | ||
| ModMed Software Midco Holdings, Inc. (dba ModMed)(3)(4)(6)(30) | Series A Preferred Units | N/A | 13.00% | N/A | — | 170 | 192 | 197 | ||
| Interest | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) | Investment | Ref. Rate | Cash | PIK | Maturity Date | Par | Shares/Units | Amortized Cost(2)(27) | Fair Value | % of Net Assets |
| WP Irving Co-Invest, L.P.(3)(4)(29)(30)(31) | Partnership Units | N/A | N/A | — | 62,500 | 36 | 119 | |||
| 14,870 | 14,612 | 0.2% | ||||||||
| Household products | ||||||||||
| Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30) | Class A Units | N/A | N/A | — | 1,955 | 1,955 | 2,052 | |||
| Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30) | Class B Units | N/A | N/A | — | 1,954,656 | — | 151 | |||
| 1,955 | 2,203 | —% | ||||||||
| Human resource support services | ||||||||||
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(3)(4)(6)(30) | Series A Preferred Stock | N/A | 10.50% | N/A | — | 51,250 | 79,844 | 36,526 | ||
| 79,844 | 36,526 | 0.5% | ||||||||
| Infrastructure and environmental services | ||||||||||
| Valor CI Blocker Feeder LP(3)(4)(22)(30)(31) | LP Interest | N/A | N/A | 3,635 | — | 3,622 | 3,766 | |||
| VCI Intermediate TopCo 1 LLC(3)(4)(30)(31) | Class B Units | N/A | N/A | 4,280 | — | 4,281 | 4,696 | |||
| 7,903 | 8,462 | 0.1% | ||||||||
| Insurance | ||||||||||
| Accelerate Topco Holdings, LLC(3)(4)(29)(30) | Common Units | N/A | N/A | — | 5,641 | 254 | 255 | |||
| Evolution Parent, LP (dba SIAA)(3)(4)(29)(30) | LP Interest | N/A | N/A | — | 51,757 | 5,279 | 9,669 | |||
| GoHealth, Inc.(3)(4)(29)(30) | Common stock | N/A | N/A | — | 119,317 | 186 | — | |||
| GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(3)(4)(29)(30) | LP Interest | N/A | N/A | — | 124,940 | 1,014 | 1,412 | |||
| Hockey Parent Holdings, L.P.(3)(4)(29)(30) | Class A Common Units | N/A | N/A | — | 17,500 | 18,225 | 22,914 | |||
| PCF Holdco, LLC (dba Trucordia)(3)(4)(29)(30) | Warrants | N/A | N/A | — | 1,624,016 | 5,437 | 4,437 | |||
| PCF Holdco, LLC (dba Trucordia)(3)(4)(6)(30) | Preferred equity | N/A | 14.00% | N/A | — | 20,983 | 27,764 | 32,275 | ||
| 58,159 | 70,962 | 1.0% | ||||||||
| Internet software and services | ||||||||||
| AlphaSense, LLC(3)(4)(29)(30) | Series E Preferred Shares | N/A | N/A | — | 16,929 | 153 | 275 | |||
| Bird Holding B.V. (fka MessageBird Holding B.V.)(3)(4)(29)(30)(31) | Extended Series C Warrants | N/A | N/A | — | 148,430 | 790 | 203 | |||
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(3)(4)(29)(30) | Common Units | N/A | N/A | — | 9,233,282 | 10,049 | 14,838 | |||
| Interest | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) | Investment | Ref. Rate | Cash | PIK | Maturity Date | Par | Shares/Units | Amortized Cost(2)(27) | Fair Value | % of Net Assets |
| Databricks, Inc.(3)(4)(29)(30) | Class C Common Stock | N/A | N/A | — | 12,351 | 3,125 | 3,125 | |||
| Elliott Alto Co-Investor Aggregator L.P.(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 6,007 | — | 7,545 | 14,609 | |||
| GT Silver Co-Invest SCSp(3)(4)(22)(29)(30)(31) | LP Interest | N/A | N/A | 1,181 | — | 1,181 | 1,182 | |||
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 1,709 | — | 1,817 | 2,276 | |||
| Nscale Limited(3)(4)(29)(30)(31) | Preferred equity | N/A | N/A | — | 299,760 | 5,502 | 9,962 | |||
| Nscale Global Holdings Limited(3)(4)(29)(30)(31) | Series B Preferred Shares | N/A | N/A | — | 579,420 | 3,669 | 19,253 | |||
| Project Alpine Co-Invest Fund, LP(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 12,000 | — | 12,582 | 14,964 | |||
| Project Hotel California Co-Invest Fund, L.P.(3)(29)(30)(31) | LP Interest | N/A | N/A | 4,027 | — | 4,182 | 6,008 | |||
| Thunder Topco L.P. (dba Vector Solutions)(3)(4)(29)(30) | Common Units | N/A | N/A | — | 5,968,267 | 6,324 | 7,126 | |||
| VEPF VIII Co-Invest 8-A, L.P.(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 982 | — | 982 | 982 | |||
| WMC Bidco, Inc. (dba West Monroe)(3)(4)(6)(30) | Senior Preferred Stock | N/A | 11.25% | N/A | — | 50,077 | 84,790 | 83,578 | ||
| WP Silver Co-Invest, L.P.(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 1,182 | — | 1,182 | 1,182 | |||
| Zoro TopCo, L.P.(3)(4)(29)(30) | Class A Common Units | N/A | N/A | — | 1,064,900 | 10,830 | 10,419 | |||
| Zoro TopCo, Inc.(3)(4)(9)(30) | Series A Preferred Equity | S+ | 9.50% | N/A | — | 3,076 | 4,935 | 4,962 | ||
| 159,638 | 194,944 | 2.8% | ||||||||
| Leisure and entertainment | ||||||||||
| Dream Co-Investment LP(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 3,706 | — | 3,706 | 3,706 | |||
| 3,706 | 3,706 | 0.1% | ||||||||
| Manufacturing | ||||||||||
| Gloves Holdings, LP (dba Protective Industrial Products)(3)(4)(29)(30) | LP Interest | N/A | N/A | — | 48,099 | 5,395 | 7,656 | |||
| Windows Entities(4)(30)(32) | LLC Units | N/A | N/A | — | 31,844 | 60,319 | 147,243 | |||
| 65,714 | 154,899 | 2.2% | ||||||||
| Interest | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||||
| Telecommunications | |||||||||||||
| Equity NewCo S.A. (dba Netceed)(3)(4)(29)(30)(31) | Common equity | N/A | N/A | — | 24,178,147 | 158 | 107 | ||||||
| 158 | 107 | —% | |||||||||||
| Total non-controlled/non-affiliated portfolio company equity investments | $644,022 | $778,605 | 11.1% | ||||||||||
| Total non-controlled/non-affiliated portfolio company investments | $12,900,974 | $12,588,183 | 179.4% | ||||||||||
| Non-controlled/affiliated portfolio company investments(24) | |||||||||||||
| Debt Investments(7) | |||||||||||||
| Education | |||||||||||||
| Pluralsight, LLC(3)(4)(8)(28) | First lien senior secured loan | S+ | 3.00% | 1.50% | 8/2029 | 23,313 | — | 22,655 | 19,058 | ||||
| Pluralsight, LLC(3)(4)(8)(28)(35) | First lien senior secured loan | S+ | 7.50% | 8/2029 | 29,249 | — | 25,749 | — | |||||
| 48,404 | 19,058 | 0.3% | |||||||||||
| Total non-controlled/affiliated debt investments | 48,404 | 19,058 | 0.3% | ||||||||||
| Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8) | $(12) | $(2,433) | —% | ||||||||||
| Total non-controlled/affiliated portfolio company debt investments | $48,392 | $16,625 | 0.2% | ||||||||||
| Equity Investments | |||||||||||||
| Asset based lending and fund finance | |||||||||||||
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)(3)(5)(26)(30)(31)(34) | Specialty finance equity investment | N/A | N/A | 97,868 | — | 97,868 | 97,868 | ||||||
| 97,868 | 97,868 | 1.4% | |||||||||||
| Education | |||||||||||||
| Paradigmatic Holdco LLC (dba Pluralsight)(3)(4)(29)(30) | Common stock | N/A | N/A | — | 7,619,079 | 20,149 | — | ||||||
| 20,149 | — | —% | |||||||||||
| Pharmaceuticals | |||||||||||||
| LSI Financing 1 DAC(3)(4)(30)(31) | Specialty finance equity investment | N/A | N/A | 5,261 | — | 5,299 | 5,368 | ||||||
| 5,299 | 5,368 | 0.1% | |||||||||||
| Total non-controlled/affiliated equity portfolio company investments | $123,316 | $103,236 | 1.5% | ||||||||||
| Total non-controlled/affiliated portfolio company investments | $171,708 | $119,861 | 1.7% | ||||||||||
| Interest | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | ||||||||||||
| Controlled/affiliated portfolio company investments(24) | ||||||||||||
| Debt Investments(7) | ||||||||||||
| Advertising and media | ||||||||||||
| Swipe Acquisition Corporation (dba PLI)(3)(4)(8) | First lien senior secured loan | S+ | 8.00% | 11/2027 | 72,529 | — | 72,390 | 72,529 | ||||
| Swipe Acquisition Corporation (dba PLI)(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% | 11/2027 | 49,608 | — | 49,464 | 49,608 | ||||
| 121,854 | 122,137 | 1.7% | ||||||||||
| Asset based lending and fund finance | ||||||||||||
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(6)(31) | Specialty finance debt investment | N/A | 12.00% | 7/2030 | 70,122 | — | 70,009 | 70,122 | ||||
| AAM Series 2.1 Aviation Feeder, LLC(3)(4)(6)(31) | Specialty finance debt investment | N/A | 12.00% | 11/2030 | 108,842 | — | 108,697 | 108,842 | ||||
| 178,706 | 178,964 | 2.6% | ||||||||||
| Distribution | ||||||||||||
| PS Operating Company LLC (fka QC Supply, LLC)(4)(9)(22)(28) | First lien senior secured loan | S+ | 6.00% | 6/2028 | 23,183 | — | 17,045 | 2,833 | ||||
| 17,045 | 2,833 | —% | ||||||||||
| Infrastructure and environmental services | ||||||||||||
| Eagle Infrastructure Services, LLC(4)(9) | First lien senior secured loan | S+ | 7.50% | 4/2028 | 87,138 | — | 86,516 | 87,138 | ||||
| 86,516 | 87,138 | 1.2% | ||||||||||
| Specialty retail | ||||||||||||
| Notorious Holdings LLC (dba Beauty Industry Group)(3)(4)(9) | First lien senior secured loan | S+ | 9.00% | 12/2031 | 22,815 | — | 22,628 | 21,788 | ||||
| Notorious Topco, LLC (dba Beauty Industry Group)(3)(4)(9) | First lien senior secured loan | S+ | 7.25% | 12/2030 | 46,897 | — | 46,732 | 46,194 | ||||
| 69,360 | 67,982 | 1.0% | ||||||||||
| Total controlled/affiliated debt company investments | $473,481 | $459,054 | 6.5% | |||||||||
| Total controlled/affiliated misc. debt commitments(22)(23)(Note 8) | $— | $(129) | —% | |||||||||
| Total controlled/affiliated debt portfolio company investments | $473,481 | $458,925 | 6.5% | |||||||||
| Equity Investments | ||||||||||||
| Advertising and media | ||||||||||||
| New PLI Holdings, LLC (dba PLI)(3)(4)(29)(30) | Class A Common Units | N/A | N/A | — | 86,745 | 48,007 | 87,145 | |||||
| 48,007 | 87,145 | 1.2% | ||||||||||
| Interest | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||
| Asset based lending and fund finance | |||||||||
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(22)(29)(30)(31) | Specialty finance equity investment | N/A | N/A | 31,923 | — | 32,417 | 35,544 | ||
| AAM Series 2.1 Aviation Feeder, LLC(3)(4)(29)(30)(31) | Specialty finance equity investment | N/A | N/A | 40,436 | — | 41,453 | 61,394 | ||
| Blue Owl Cross-Strategy Opportunities 2026-1 LLC(3)(5)(26)(30)(31)(34) | Specialty finance equity investment | N/A | N/A | 18,030 | — | 18,030 | 18,030 | ||
| Wingspire Capital Holdings LLC(3)(4)(26)(30) | Specialty finance equity investment | N/A | N/A | — | 89,576,091 | 504,552 | 606,180 | ||
| 596,452 | 721,148 | 10.3% | |||||||
| Buildings and real estate | |||||||||
| OWL-HP FINANCE LLC(3)(4)(22)(26)(30)(31) | Specialty finance equity investment | N/A | N/A | 30,224 | — | 30,225 | 29,022 | ||
| 30,225 | 29,022 | 0.4% | |||||||
| Distribution | |||||||||
| PS Op Holdings LLC (fka QC Supply, LLC)(4)(29)(30) | Class A Common Units | N/A | N/A | — | 248,271 | 4,300 | — | ||
| 4,300 | — | —% | |||||||
| Infrastructure and environmental services | |||||||||
| Eagle Infrastructure Services, LLC(4)(29)(30) | Common Units | N/A | N/A | — | 576,276 | 24,058 | 96,501 | ||
| 24,058 | 96,501 | 1.4% | |||||||
| Insurance | |||||||||
| Fifth Season Investments LLC(3)(4)(30) | Specialty finance equity investment | N/A | N/A | — | 27 | 266,591 | 302,327 | ||
| 266,591 | 302,327 | 4.3% | |||||||
| Joint ventures | |||||||||
| Blue Owl Credit SLF LLC(3)(5)(26)(30)(31) | LLC interest | N/A | N/A | 446,464 | — | 446,464 | 412,706 | ||
| Blue Owl Leasing LLC(3)(5)(26)(29)(30)(31) | LLC interest | N/A | N/A | 860 | — | 860 | 852 | ||
| 447,324 | 413,558 | 5.9% | |||||||
| Pharmaceuticals | |||||||||
| LSI Financing LLC(3)(5)(22)(30)(31) | Specialty finance equity investment | N/A | N/A | 229,009 | — | 228,680 | 249,650 | ||
| 228,680 | 249,650 | 3.6% | |||||||
| Interest | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par · Shares/Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||
| Specialty retail | |||||||||
| Notorious Holding TopCo, LP (dba Beauty Industry Group)(3)(4)(29)(30) | LP Interest | N/A | N/A | — | 28,210 | 41,971 | 29,607 | ||
| 41,971 | 29,607 | 0.4% | |||||||
| Total controlled/affiliated equity company investments | $1,687,608 | $1,928,958 | 27.5% | ||||||
| Total controlled/affiliated portfolio company investments | $2,161,089 | $2,387,883 | 34.0% | ||||||
| Total Investments | $15,233,771 | $15,095,927 | 215.2% | ||||||
| Interest Rate Swaps as of September 30, 2026 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company Receives · Company Pays · Counterparty(a) · Maturity Date · Notional Amount · Fair Value · Upfront Payments/Receipts · Unrealized Appreciation (Depreciation)(b) · Hedged Instrument · Footnote Reference | |||||||||||
| Interest rate swap | 2.63% | S - 0.907% | Deutsche Bank AG | 1/15/2027 | $500,000 | $(914) | $— | $(914) | 2027 Notes | Notes 5 and 7 | |
| Interest rate swap | 6.45% | S + 2.664% | Royal Bank of Canada | 9/15/2028 | 400,000 | (8,685) | — | (8,685) | September 2028 Notes | Notes 5 and 7 | |
| Interest rate swap | 5.95% | S + 2.255% | Goldman Sachs Bank USA | 2/15/2029 | 600,000 | (16,909) | — | (16,909) | 2029 Notes | Notes 5 and 7 | |
| Interest rate swap | 5.95% | S + 1.922% | Goldman Sachs Bank USA | 2/15/2029 | 400,000 | (7,127) | — | (7,127) | 2029 Notes | Notes 5 and 7 | |
| Interest rate swap | 6.20% | S + 2.392% | Deutsche Bank AG | 7/15/2030 | 500,000 | (18,687) | — | (18,687) | 2030 Notes | Notes 5 and 7 | |
| Interest rate swap | 6.30% | S + 2.209% | SMBC Capital Markets, Inc. | 8/15/2031 | 400,000 | (13,731) | — | (13,731) | 2031 Notes | Notes 5 and 7 | |
| Total | $2,800,000 | $(66,053) | $(66,053) | ||||||||
(a)The Company maintains International Swaps and Derivatives Association (“ISDA”) contracts with its derivatives counterparties.
(b)Amounts are presented in accordance with Regulation S-X 17 CFR § 210.12-13C. Refer to “Note 7 — Derivative Instruments”for additional details on the Company’s interest rate swaps.
| Notional Amount to be Purchased | Notional Amount to be Sold | Counterparty(a) | Maturity Date | Unrealized Appreciation / (Depreciation)(b) | |
|---|---|---|---|---|---|
| Foreign currency forward contract | $1,452 | A$2,080 | Goldman Sachs Bank USA | 10/20/2026 | $7 |
| Foreign currency forward contract | $83,423 | C$114,516 | Royal Bank of Canada | 10/13/2026 | 2,902 |
| Foreign currency forward contract | $19,404 | C$26,749 | Royal Bank of Canada | 6/15/2027 | 362 |
| Foreign currency forward contract | £85,144 | $113,761 | Royal Bank of Canada | 10/20/2026 | (804) |
| Foreign currency forward contract | $113,778 | £85,144 | Royal Bank of Canada | 3/22/2027 | 749 |
| Foreign currency forward contract | $114,231 | £85,144 | Royal Bank of Canada | 10/20/2026 | 1,273 |
| Foreign currency forward contract | $20,385 | €17,348 | Royal Bank of Canada | 3/22/2027 | 574 |
| Foreign currency forward contract | $31,882 | €27,630 | SMBC Capital Markets, Inc. | 3/22/2027 | 342 |
| Foreign currency forward contract | $19,774 | £14,775 | SMBC Capital Markets, Inc. | 10/20/2026 | 173 |
| Foreign currency forward contract | £14,775 | $19,739 | SMBC Capital Markets, Inc. | 10/20/2026 | (138) |
| Foreign currency forward contract | $19,850 | £14,856 | SMBC Capital Markets, Inc. | 3/22/2027 | 129 |
| Foreign currency forward contract | $224,061 | €194,570 | US Bank National Association | 3/22/2027 | 1,964 |
| Total | $7,533 | ||||
(a)The Company maintains ISDA contracts with its derivatives counterparties.
(b)Amounts are presented in accordance with Regulation S-X 17 CFR § 210.12-13B. Refer to “Note 7 — Derivative Instruments” for additional details on the Company’s foreign currency forward contracts.
(1)Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 30 for additional information on the Company’s restricted securities.
(2)The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.
(3)Represents co-investment made with the Company’s affiliates in accordance with the terms of the exemptive relief that the Company received from the U.S. Securities and Exchange Commission. See “Note 3—Agreements and Related Party Transactions.”
(4)These investments were valued using unobservable inputs and are considered Level 3 investments.
(5)Investment measured at net asset value (“NAV”).
(6)Investment contains a fixed-rate structure.
(7)Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “S,” which can include one-, three-, six- or twelve-month SOFR), Euro Interbank Offered Rate (“EURIBOR” or “E”, which can include one-, three- or six-month EURIBOR), Canadian Overnight Repo Rate Average (“CORRA” or “C”) (which can include one- or three-month CORRA), SONIA (“SONIA” or “SA”), Australian Bank Bill Swap Bid Rate (“BBSY” or “B”) (which can include one-, three-, or six-month BBSY) or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.
(8)The interest rate on these loans is subject to 1 month SOFR, which as of September 30, 2026 was 3.91%.
(9)The interest rate on these loans is subject to 3 month SOFR, which as of September 30, 2026 was 4.08%.
(10)The interest rate on these loans is subject to 6 month SOFR, which as of September 30, 2026 was 4.27%.
(11)Reserved.
(12)Reserved.
(13)The interest rate on this loan is subject to 1 month EURIBOR, which as of September 30, 2026 was 2.50%.
(14)The interest rate on this loan is subject to 3 month EURIBOR, which as of September 30, 2026 was 2.62%.
(15)The interest rate on this loan is subject to 6 month EURIBOR, which as of September 30, 2026 was 3.07%.
(16)Reserved.
(17)The interest rate on this loan is subject to 3 month BBSY, which as of September 30, 2026 was 4.77%.
(18)Reserved.
(19)The interest rate on this loan is subject to SONIA, which as of September 30, 2026 was 3.73%.
(20)Reserved.
(21)The interest rate on these loans is subject to 3 month CORRA, which as of September 30, 2026 was 2.54%.
(22)Position or portion thereof is a partially unfunded debt or equity commitment. See“Note 8—Commitments and Contingencies.”
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| Non-controlled/non-affiliated - debt commitments | |||||
| 1596213 B.C. Ltd. (dba Harbourfront) | First lien senior secured delayed draw term loan | 9/2028 | $— | $5,156 | $(26) |
| Aerosmith Bidco 1 Limited (dba Audiotonix) | First lien senior secured delayed draw term loan | 7/2027 | — | 20,679 | — |
| AI Titan Parent, Inc. (dba Prometheus Group) | First lien senior secured delayed draw term loan | 8/2031 | 340 | 226 | — |
| AlphaSense, Inc. | First lien senior secured delayed draw term loan | 6/2029 | — | 143 | — |
| Arctic US Bidco, Inc. (dba ThermoSafe) | First lien senior secured delayed draw term loan | 11/2027 | — | 20,833 | — |
| Artifact Bidco, Inc. (dba Avetta) | First lien senior secured delayed draw term loan | 7/2027 | — | 2,940 | — |
| Associations, Inc. | First lien senior secured delayed draw term loan | 7/2028 | 13,810 | 10,122 | — |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| Brightway Holdings, LLC | First lien senior secured delayed draw term loan | 7/2027 | 1,076 | 4,604 | — |
| Caris Life Sciences, Inc. | First lien senior secured delayed draw term loan | 4/2027 | — | 14,786 | — |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) | First lien senior secured delayed draw term loan | 1/2027 | 2,798 | 6,157 | — |
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.) | First lien senior secured delayed draw term loan | 9/2027 | 1,078 | 7,562 | — |
| CivicPlus, LLC | First lien senior secured delayed draw term loan | 5/2027 | 9,617 | 6,554 | — |
| Clearwater Analytics Holdings, Inc. | First lien senior secured delayed draw term loan | 12/2028 | — | 7,111 | (18) |
| CMG HoldCo, LLC (dba Crete United) | First lien senior secured delayed draw term loan | 7/2027 | 545 | 729 | (39) |
| Commander Buyer, Inc. (dba CenExel) | First lien senior secured delayed draw term loan | 6/2027 | — | 15,339 | — |
| CoreWeave Financing DDTL V-V, LLC | First lien senior secured delayed draw term loan | 12/2026 | 8,969 | 6,031 | — |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured delayed draw term loan | 7/2027 | 588 | 2,434 | — |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured delayed draw term loan | 8/2027 | — | 732 | (2) |
| dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.) | First lien senior secured delayed draw term loan | 1/2028 | 8,985 | 5,642 | — |
| DuraServ LLC | First lien senior secured delayed draw term loan | 11/2027 | — | 28,387 | (213) |
| Envero Midco 2 LLC (dba Sun World) | First lien senior secured delayed draw term loan | 9/2028 | — | 27,907 | (70) |
| EOS Finco S.A.R.L (dba Netceed) | First lien senior secured delayed draw term loan | 7/2027 | 930 | 792 | — |
| Eternal Buyer, LLC (dba Wedgewood Weddings) | First lien senior secured delayed draw term loan | 6/2027 | — | 7,000 | — |
| Forge Industries, Inc. (dba Bearing Distributors, Inc.) | First lien senior secured delayed draw term loan | 7/2028 | — | 7,519 | (28) |
| GS Acquisitionco, Inc. (dba insightsoftware) | First lien senior secured delayed draw term loan | 5/2027 | — | 888 | (102) |
| Horizon Avionics Buyer, LLC (dba Acron Aviation) | First lien senior secured delayed draw term loan | 11/2027 | 2,523 | 3,887 | — |
| IE Mackenzie Compute Ltd. | First lien senior secured delayed draw term loan | 12/2026 | — | 98,116 | — |
| Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured delayed draw term loan | 3/2028 | — | 2,179 | — |
| Jawbreaker Parent, Inc. | First lien senior secured delayed draw term loan | 1/2029 | — | 8,017 | — |
| KRIV Acquisition Inc. (dba Riveron) | First lien senior secured delayed draw term loan | 9/2027 | — | 460 | — |
| KRIV Acquisition Inc. (dba Riveron) | First lien senior secured delayed draw term loan | 2/2028 | — | 2,617 | — |
| Lightbeam Bidco, Inc. (dba Lazer Spot) | First lien senior secured delayed draw term loan | 12/2027 | 601 | 249 | — |
| Litera Bidco LLC | First lien senior secured delayed draw term loan | 11/2026 | 30,689 | 2,726 | — |
| Litera Bidco LLC | First lien senior secured delayed draw term loan | 5/2027 | — | 14,154 | (177) |
| Lotus US Bidco Inc. (dba INGENYX) | First lien senior secured delayed draw term loan | 2/2029 | — | 14,886 | (37) |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| MAJCO LLC (dba Big Brand Tire & Service) | First lien senior secured delayed draw term loan | 9/2027 | — | 16,524 | (166) |
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A. | First lien senior secured EUR delayed draw term loan | 3/2027 | — | 19,733 | — |
| Nelipak Holding Company | First lien senior secured delayed draw term loan | 3/2027 | — | 3,566 | — |
| NextGen Security, LLC | First lien senior secured delayed draw term loan | 9/2028 | — | 13,219 | (83) |
| Nova Women's Health, Inc. | First lien senior secured delayed draw term loan | 7/2027 | 3,083 | 16,227 | — |
| NSCALE SERVICES UK LTD | First lien senior secured delayed draw term loan | 8/2027 | 3,990 | 35,335 | — |
| Onward Acquireco, Inc. (dba OneStream) | First lien senior secured delayed draw term loan | 4/2028 | — | 25,601 | — |
| Packaging Coordinators Midco, Inc. | First lien senior secured delayed draw term loan | 10/2027 | — | 21,550 | — |
| Peachtree Buyer, Inc. (dba Pond & Company) | First lien senior secured delayed draw term loan | 9/2028 | — | 25,000 | (63) |
| PerkinElmer U.S. LLC | First lien senior secured delayed draw term loan | 10/2027 | 883 | 4,024 | — |
| Plasma Buyer LLC (dba PathGroup) | First lien senior secured delayed draw term loan | 5/2028 | 54 | 50 | — |
| Premise Health Holding Corp. | First lien senior secured delayed draw term loan | 11/2027 | 3,966 | 2,664 | — |
| RL Datix Holdings (USA), Inc. | First lien senior secured delayed draw term loan | 4/2027 | — | 12,566 | — |
| Sensor Technology Topco, Inc. (dba Humanetics) | First lien senior secured delayed draw term loan | 11/2026 | — | 1,768 | — |
| Sentinel Buyer Corp. (dba SimpliSafe) | First lien senior secured delayed draw term loan | 11/2027 | — | 3,358 | (8) |
| Severin Acquisition, LLC (dba PowerSchool) | First lien senior secured delayed draw term loan | 10/2027 | 90 | 225 | — |
| SimonMed, Inc. | First lien senior secured delayed draw term loan | 2/2027 | 74 | 15 | — |
| Simplicity Financial Marketing Group Holdings, Inc. | First lien senior secured delayed draw term loan | 12/2026 | 10,784 | 46 | — |
| Smarsh Inc. | First lien senior secured delayed draw term loan | 1/2027 | 42 | 331 | (8) |
| Soleo Holdings, Inc. | First lien senior secured delayed draw term loan | 6/2028 | — | 13,173 | — |
| Sonny's Enterprises, LLC | First lien senior secured delayed draw term loan | 6/2027 | 20,252 | 5,497 | — |
| Spaceship Purchaser, Inc. (dba Squarespace) | First lien senior secured delayed draw term loan | 10/2027 | — | 2,492 | (31) |
| Spotless Brands, LLC | First lien senior secured delayed draw term loan | 3/2027 | 12,731 | 16,717 | — |
| STS PARENT, LLC (dba STS Aviation Group) | First lien senior secured delayed draw term loan | 10/2026 | — | 31,189 | (312) |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured delayed draw term loan | 7/2027 | 187 | 202 | — |
| TBRS, Inc. (dba TEAM Technologies) | First lien senior secured delayed draw term loan | 11/2026 | — | 4,838 | — |
| Themis Solutions Inc. (dba Clio) | First lien senior secured delayed draw term loan | 10/2027 | — | 3,750 | (28) |
| THG Acquisition, LLC (dba Hilb) | First lien senior secured delayed draw term loan | 10/2026 | 6,889 | 1,218 | — |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| Troon Golf, L.L.C. | First lien senior secured delayed draw term loan | 9/2027 | — | 8,916 | — |
| Unified Women's Healthcare, LP | First lien senior secured delayed draw term loan | 9/2027 | — | 331 | — |
| Vensure Employer Services, Inc. | First lien senior secured delayed draw term loan | 3/2028 | — | 192 | — |
| Vessco Midco Holdings, LLC | First lien senior secured delayed draw term loan | 5/2028 | 2,383 | 11,755 | — |
| Wipfli Advisory LLC | First lien senior secured delayed draw term loan | 4/2028 | 1,532 | 7,771 | — |
| Wrench Group LLC | First lien senior secured delayed draw term loan | 9/2027 | — | 12,814 | — |
| WU Holdco, Inc. (dba PurposeBuilt Brands) | First lien senior secured delayed draw term loan | 4/2027 | — | 22,823 | (57) |
| 1596213 B.C. Ltd. (dba Harbourfront) | First lien senior secured revolving loan | 9/2033 | — | 1,862 | (19) |
| Aerosmith Bidco 1 Limited (dba Audiotonix) | First lien senior secured revolving loan | 7/2030 | — | 27,625 | — |
| AI Titan Parent, Inc. (dba Prometheus Group) | First lien senior secured revolving loan | 8/2031 | — | 943 | (14) |
| AmeriLife Holdings LLC | First lien senior secured revolving loan | 8/2028 | 250 | 750 | — |
| Anaplan, Inc. | First lien senior secured revolving loan | 6/2028 | — | 11,589 | (58) |
| Aptean Acquiror, Inc. (dba Aptean) | First lien senior secured revolving loan | 1/2031 | 655 | 874 | — |
| Arctic Holdco, LLC (dba Novvia Group) | First lien senior secured revolving loan | 1/2031 | 1,207 | 5,891 | — |
| Arctic US Bidco, Inc. (dba ThermoSafe) | First lien senior secured multi-currency revolving loan | 11/2032 | 1,667 | 5,278 | — |
| Artifact Bidco, Inc. (dba Avetta) | First lien senior secured revolving loan | 7/2030 | — | 2,100 | — |
| Ascend Buyer, LLC (dba PPC Flexible Packaging) | First lien senior secured revolving loan | 9/2030 | — | 8,095 | (81) |
| Associations, Inc. | First lien senior secured revolving loan | 7/2028 | — | 19,328 | — |
| Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.) | First lien senior secured revolving loan | 3/2031 | — | 1,758 | (22) |
| Baker Tilly Advisory Group, LP | First lien senior secured revolving loan | 6/2030 | 9,729 | 5,405 | — |
| Bamboo US BidCo LLC | First lien senior secured revolving loan | 10/2029 | 538 | 1,000 | — |
| Bayshore Intermediate #2, L.P. (dba Boomi) | First lien senior secured revolving loan | 10/2027 | 4,993 | 2,393 | — |
| BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured revolving loan | 8/2028 | 17,444 | 1,780 | — |
| Belmont Buyer, Inc. (dba Valenz) | First lien senior secured revolving loan | 6/2029 | 87 | 349 | — |
| Blast Bidco Inc. (dba Bazooka Candy Brands) | First lien senior secured revolving loan | 10/2029 | — | 4,440 | (33) |
| Brightway Holdings, LLC | First lien senior secured revolving loan | 12/2029 | — | 5,263 | — |
| Bristol Hospice L.L.C. | First lien senior secured revolving loan | 8/2032 | — | 4,007 | — |
| By Light Professional IT Services LLC | First lien senior secured revolving loan | 7/2031 | 1,271 | 1,907 | — |
| Cambrex Corporation | First lien senior secured revolving loan | 3/2032 | 26 | 76 | — |
| Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.) | First lien senior secured revolving loan | 2/2028 | — | 1,674 | (25) |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) | First lien senior secured revolving loan | 6/2029 | — | 2,239 | — |
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.) | First lien senior secured revolving loan | 1/2030 | 807 | 2,075 | — |
| CivicPlus, LLC | First lien senior secured revolving loan | 8/2030 | — | 4,795 | (36) |
| Clearwater Analytics Holdings, Inc. | First lien senior secured revolving loan | 6/2033 | — | 4,622 | (23) |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| CMG HoldCo, LLC (dba Crete United) | First lien senior secured revolving loan | 11/2030 | 211 | 70 | — |
| Commander Buyer, Inc. (dba CenExel) | First lien senior secured revolving loan | 6/2032 | — | 10,226 | — |
| Coupa Holdings, LLC | First lien senior secured revolving loan | 2/2029 | 72 | 36 | — |
| Crewline Buyer, Inc. (dba New Relic) | First lien senior secured revolving loan | 11/2030 | — | 14,729 | (295) |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured revolving loan | 8/2031 | — | 7,573 | — |
| DCG ACQUISITION CORP. (dba DuBois Chemical) | First lien senior secured revolving loan | 6/2031 | — | 11,816 | (177) |
| Deerfield Dakota Holdings | First lien senior secured revolving loan | 9/2032 | 3,768 | 6,998 | — |
| Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet) | First lien senior secured revolving loan | 8/2032 | 2,321 | 5,415 | — |
| dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.) | First lien senior secured revolving loan | 1/2033 | 1,254 | 9,194 | — |
| Diamond Mezzanine 24 LLC (dba United Risk)* | First lien senior secured revolving loan | 10/2030 | 1,161 | — | — |
| DuraServ LLC | First lien senior secured revolving loan | 6/2030 | 6,803 | 10,791 | — |
| Eagle Family Foods Group LLC | First lien senior secured revolving loan | 8/2030 | — | 216 | (1) |
| EET Buyer, Inc. (dba e-Emphasys) | First lien senior secured revolving loan | 11/2029 | — | 2,409 | (6) |
| Einstein Parent, Inc. (dba Smartsheet) | First lien senior secured revolving loan | 1/2031 | — | 4,488 | (56) |
| Envero Midco 2 LLC (dba Sun World) | First lien senior secured revolving loan | 9/2033 | — | 11,163 | (56) |
| Essential Services Holding Corporation (dba Turnpoint) | First lien senior secured revolving loan | 6/2030 | 1,360 | 1,731 | — |
| Eternal Buyer, LLC (dba Wedgewood Weddings) | First lien senior secured revolving loan | 6/2032 | — | 7,000 | (18) |
| Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured revolving loan | 4/2030 | — | 23 | — |
| Fiesta Purchaser, Inc. (dba Shearer's Foods) | First lien senior secured revolving loan | 2/2029 | 2,486 | 5,711 | — |
| Flexera Software LLC | First lien senior secured revolving loan | 8/2032 | — | 1,348 | (13) |
| Forge Industries, Inc. (dba Bearing Distributors, Inc.) | First lien senior secured revolving loan | 7/2032 | 962 | 4,051 | (12) |
| Fortis Solutions Group, LLC | First lien senior secured revolving loan | 10/2027 | 2,542 | 1,068 | — |
| Gainsight, Inc. | First lien senior secured revolving loan | 7/2027 | — | 4,152 | (21) |
| Galls, LLC | First lien senior secured revolving loan | 3/2030 | — | 15,224 | — |
| Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 12/2027 | 12,050 | 4,234 | — |
| Gerson Lehrman Group, Inc. | First lien senior secured revolving loan | 12/2028 | — | 7,595 | (57) |
| GI Apple Midco LLC (dba Atlas Technical Consultants) | First lien senior secured revolving loan | 4/2029 | 90 | 21 | — |
| GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured revolving loan | 10/2027 | 1,872 | 170 | — |
| Granicus, Inc. | First lien senior secured revolving loan | 1/2031 | — | 2,467 | — |
| GS Acquisitionco, Inc. (dba insightsoftware)* | First lien senior secured revolving loan | 5/2028 | 247 | — | — |
| H&F Opportunities LUX III S.À R.L (dba Checkmarx) | First lien senior secured revolving loan | 4/2028 | — | 2,199 | (11) |
| Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured revolving loan | 12/2028 | — | 10,202 | — |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| HGH Purchaser, Inc. (dba Horizon Services) | First lien senior secured revolving loan | 11/2028 | 11,799 | 4,832 | — |
| Hissho Parent, LLC | First lien senior secured revolving loan | 5/2029 | — | 2,291 | — |
| Horizon Avionics Buyer, LLC (dba Acron Aviation) | First lien senior secured revolving loan | 3/2032 | 1,686 | 1,519 | — |
| Hyland Software, Inc. | First lien senior secured revolving loan | 9/2029 | — | 3,198 | (64) |
| Icefall Parent, Inc. (dba EngageSmart) | First lien senior secured revolving loan | 1/2030 | — | 511 | (1) |
| IG Investments Holdings, LLC (dba Insight Global) | First lien senior secured revolving loan | 9/2028 | — | 11,989 | — |
| Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured revolving loan | 5/2028 | — | 193 | — |
| Indikami Bidco, LLC (dba IntegriChain) | First lien senior secured revolving loan | 6/2030 | 1,753 | 334 | — |
| Integrity Marketing Acquisition, LLC | First lien senior secured revolving loan | 8/2028 | — | 4,599 | — |
| Interoperability Bidco, Inc. (dba Lyniate) | First lien senior secured revolving loan | 3/2028 | — | 5,642 | (14) |
| IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)) | First lien senior secured revolving loan | 12/2028 | — | 4,007 | — |
| Jawbreaker Parent, Inc. | First lien senior secured revolving loan | 1/2033 | — | 8,017 | (20) |
| JS Parent, Inc. (dba Jama Software) | First lien senior secured revolving loan | 4/2031 | — | 88 | — |
| Kid Distro Holdings, LLC | First lien senior secured revolving loan | 8/2033 | — | 3,664 | (55) |
| Klick Inc. | First lien senior secured revolving loan | 11/2031 | — | 7,216 | (36) |
| KRIV Acquisition Inc. (dba Riveron) | First lien senior secured revolving loan | 7/2031 | 425 | 1,020 | — |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) | First lien senior secured revolving loan | 12/2029 | — | 15,542 | — |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group) | First lien senior secured revolving loan | 9/2029 | — | 67 | — |
| Lightbeam Bidco, Inc. (dba Lazer Spot) | First lien senior secured revolving loan | 5/2029 | — | 476 | (2) |
| Lignetics Investment Corp. | First lien senior secured revolving loan | 3/2028 | 8,289 | 3,757 | — |
| Litera Bidco LLC | First lien senior secured revolving loan | 5/2028 | — | 8,056 | (101) |
| Lotus US Bidco Inc. (dba INGENYX) | First lien senior secured revolving loan | 8/2033 | 1,489 | 5,954 | — |
| MAJCO LLC (dba Big Brand Tire & Service) | First lien senior secured revolving loan | 9/2032 | — | 10,511 | (158) |
| Maple Acquisition, LLC (dba Medicus) | First lien senior secured revolving loan | 5/2030 | — | 11,682 | — |
| Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured revolving loan | 4/2028 | 954 | 980 | — |
| Matterhorn Finco, Inc. (dba Nexthink) | First lien senior secured revolving loan | 3/2033 | — | 5,302 | — |
| MHE Intermediate Holdings, LLC (dba OnPoint Group) | First lien senior secured revolving loan | 7/2027 | 11,464 | 7,643 | — |
| Ministry Brands Holdings, LLC | First lien senior secured revolving loan | 12/2027 | — | 1,076 | (13) |
| Minotaur Acquisition, Inc. (dba Inspira Financial) | First lien senior secured revolving loan | 6/2030 | — | 17,308 | — |
| Modernizing Medicine, Inc. (dba ModMed) | First lien senior secured revolving loan | 4/2032 | — | 71 | — |
| Monotype Imaging Holdings Inc. | First lien senior secured revolving loan | 2/2030 | — | 17,932 | (45) |
| National Dentex Labs LLC (fka Barracuda Dental LLC) | First lien senior secured revolving loan | 9/2026 | 12,956 | 109 | — |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| Natural Partners, LLC | First lien senior secured revolving loan | 11/2030 | — | 469 | — |
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A. | First lien senior secured EUR revolving loan | 3/2031 | — | 3,682 | (28) |
| Nelipak Holding Company | First lien senior secured revolving loan | 3/2031 | 1,145 | 5,848 | — |
| NextGen Security, LLC | First lien senior secured revolving loan | 9/2033 | — | 2,644 | (33) |
| NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured revolving loan | 9/2028 | 1,567 | 522 | — |
| Nova Women's Health, Inc. | First lien senior secured revolving loan | 1/2032 | — | 1,545 | (4) |
| OB Hospitalist Group, Inc. | First lien senior secured revolving loan | 1/2031 | 1,542 | 13,880 | — |
| Offen, Inc. | First lien senior secured revolving loan | 7/2029 | — | 1,977 | — |
| Ole Smoky Distillery, LLC | First lien senior secured revolving loan | 3/2028 | — | 116 | (9) |
| Onward Acquireco, Inc. (dba OneStream) | First lien senior secured revolving loan | 4/2033 | — | 10,666 | — |
| Packaging Coordinators Midco, Inc. | First lien senior secured revolving loan | 10/2032 | 844 | 16,045 | — |
| Paris US Holdco, Inc. (dba Precinmac) | First lien senior secured revolving loan | 12/2031 | 129 | 3,544 | — |
| Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.) | First lien senior secured revolving loan | 1/2028 | — | 14,863 | — |
| PDI TA Holdings, Inc.* | First lien senior secured revolving loan | 2/2031 | 1,824 | — | — |
| Peachtree Buyer, Inc. (dba Pond & Company) | First lien senior secured revolving loan | 12/2032 | 276 | 1,566 | — |
| PetVet Care Centers, LLC | First lien senior secured revolving loan | 11/2029 | 7,319 | 10,979 | — |
| Plasma Buyer LLC (dba PathGroup)* | First lien senior secured revolving loan | 5/2028 | 170 | — | — |
| PPV Intermediate Holdings, LLC | First lien senior secured revolving loan | 8/2029 | 833 | 1,249 | — |
| Premise Health Holding Corp. | First lien senior secured revolving loan | 11/2031 | — | 8,571 | (86) |
| Puma Buyer, LLC (dba PANTHERx) | First lien senior secured revolving loan | 3/2032 | — | 208 | — |
| QAD, Inc. | First lien senior secured revolving loan | 11/2027 | — | 9,119 | — |
| Quva Pharma, Inc. | First lien senior secured revolving loan | 4/2028 | — | 5,182 | (130) |
| Rhea Parent, Inc. | First lien senior secured revolving loan | 12/2030 | — | 4,446 | (44) |
| RL Datix Holdings (USA), Inc. | First lien senior secured revolving loan | 10/2030 | — | 11,003 | (110) |
| Salinger Bidco Inc. (dba Surgical Information Systems) | First lien senior secured revolving loan | 5/2031 | — | 3,939 | — |
| Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC) | First lien senior secured revolving loan | 7/2027 | 8,974 | 26 | — |
| Securonix, Inc. | First lien senior secured revolving loan | 4/2028 | 136 | 169 | — |
| Senderra RX Acquisition, LLC | First lien senior secured revolving loan | 3/2033 | — | 4,615 | (12) |
| Sensor Technology Topco, Inc. (dba Humanetics) | First lien senior secured revolving loan | 5/2028 | 3,231 | 4,038 | — |
| Severin Acquisition, LLC (dba PowerSchool) | First lien senior secured revolving loan | 10/2031 | — | 189 | (8) |
| SimonMed, Inc. | First lien senior secured revolving loan | 2/2031 | 33 | 27 | — |
| Simplicity Financial Marketing Group Holdings, Inc. | First lien senior secured revolving loan | 12/2031 | — | 5,464 | (55) |
| Smarsh Inc. | First lien senior secured revolving loan | 2/2029 | 98 | 100 | — |
| Soleo Holdings, Inc. | First lien senior secured revolving loan | 2/2032 | — | 8,595 | — |
| Soliant Lower Intermediate, LLC (dba Soliant) | First lien senior secured revolving loan | 7/2029 | — | 4,444 | (1,030) |
| Sonny's Enterprises, LLC | First lien senior secured revolving loan | 8/2027 | 21,103 | 1,080 | — |
| Spaceship Purchaser, Inc. (dba Squarespace) | First lien senior secured revolving loan | 10/2031 | — | 2,076 | (36) |
| Spotless Brands, LLC | First lien senior secured revolving loan | 7/2028 | 1,566 | 1,044 | — |
| Unfunded | |||||||
|---|---|---|---|---|---|---|---|
| Company · Commitment Type · Commitment Expiration Date · Funded Commitment · Commitment · Fair Value(23) | |||||||
| STS PARENT, LLC (dba STS Aviation Group) | First lien senior secured revolving loan | 10/2030 | 10,448 | 2,027 | — | ||
| SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured revolving loan | 3/2029 | 112 | 28 | — | ||
| Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured revolving loan | 3/2029 | — | 207 | (2) | ||
| TBRS, Inc. (dba TEAM Technologies) | First lien senior secured revolving loan | 11/2030 | 442 | 5,087 | — | ||
| Themis Solutions Inc. (dba Clio) | First lien senior secured revolving loan | 10/2032 | — | 3,125 | (23) | ||
| THG Acquisition, LLC (dba Hilb) | First lien senior secured revolving loan | 10/2031 | 1,561 | 2,517 | — | ||
| Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured revolving loan | 6/2027 | — | 7,903 | (40) | ||
| Troon Golf, L.L.C. | First lien senior secured revolving loan | 8/2032 | — | 8,916 | — | ||
| Truist Insurance Holdings, LLC | First lien senior secured revolving loan | 5/2029 | — | 1,755 | (22) | ||
| Unified Women's Healthcare, LP | First lien senior secured revolving loan | 6/2029 | — | 159 | — | ||
| USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | First lien senior secured revolving loan | 12/2029 | — | 5,266 | — | ||
| Valeris, Inc. (fka Phantom Purchaser, Inc.) | First lien senior secured revolving loan | 9/2031 | — | 5,443 | — | ||
| Vessco Midco Holdings, LLC | First lien senior secured revolving loan | 7/2031 | — | 5,080 | — | ||
| Vital Bidco AB (dba Vitamin Well) | First lien senior secured revolving loan | 10/2030 | — | 14,522 | — | ||
| Wipfli Advisory LLC | First lien senior secured revolving loan | 10/2032 | — | 6,202 | (31) | ||
| Wrench Group LLC | First lien senior secured revolving loan | 9/2031 | — | 12,814 | (64) | ||
| WU Holdco, Inc. (dba PurposeBuilt Brands) | First lien senior secured revolving loan | 4/2032 | — | 7,100 | (36) | ||
| Zendesk, Inc. | First lien senior secured revolving loan | 11/2028 | — | 9,557 | (119) | ||
| Total non-controlled/non-affiliated - debt commitments | $339,530 | $1,420,706 | $(4,933) | ||||
| Non-controlled/non-affiliated - equity commitments | |||||||
| GT Silver Co-Invest SCSp | LP Interest | N/A | $1,181 | $1 | $— | ||
| Kelso XI Bison-BDI Co-Investment, L.P. | LP Interest | N/A | 507 | 100 | — | ||
| Percheron Horsepower-A LP (dba Big Brand Tire & Service) | LP Interest | N/A | 13,429 | 784 | — | ||
| Polar Investors LP (dba Dentalcorp) | Common equity | N/A | 3,409 | 852 | — | ||
| Valor CI Blocker Feeder LP | LP Interest | N/A | 3,635 | 624 | — | ||
| Total non-controlled/non-affiliated - equity commitments | $22,161 | $2,361 | $— | ||||
| Non-controlled/affiliated - debt commitments | |||||||
| Pluralsight, LLC | First lien senior secured delayed draw term loan | 8/2029 | $— | $9,524 | $(1,738) | ||
| Pluralsight, LLC | First lien senior secured revolving loan | 8/2029 | — | 3,810 | (695) | ||
| Total non-controlled/affiliated - debt commitments | $— | $13,334 | $(2,433) | ||||
| Controlled/affiliated - debt commitments | |||||||
| Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured revolving loan | 12/2030 | $— | $8,601 | $(129) | ||
| PS Operating Company LLC (fka QC Supply, LLC) | First lien senior secured revolving loan | 6/2028 | 4,882 | 1,335 | — | ||
| Swipe Acquisition Corporation (dba PLI) | First lien senior secured revolving loan | 11/2027 | 20,244 | 2,892 | — | ||
| Total controlled/affiliated - debt commitments | $25,126 | $12,828 | $(129) | ||||
| Controlled/affiliated - equity commitments | |||||||
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC | Specialty finance equity investment | N/A | $31,923 | $19,088 | $— | ||
| LSI Financing LLC | Specialty finance equity investment | N/A | 229,009 | 60,225 | — | ||
| Unfunded | |||||||
|---|---|---|---|---|---|---|---|
| Company · Commitment Type · Commitment Expiration Date · Funded Commitment · Commitment · Fair Value(23) | |||||||
| OWL-HP FINANCE LLC | Specialty finance equity investment | N/A | 30,224 | 54,276 | — | ||
| Total controlled/affiliated - equity commitments | $291,156 | $133,589 | $— | ||||
| Total Portfolio Company Commitments | $677,973 | $1,582,818 | $(7,495) | ||||
*Fully funded
(23)The negative cost and fair value results from unamortized fees, which are capitalized to the investment cost of unfunded commitments.
(24)As defined in the 1940 Act, the Company is deemed to “control” a portfolio company if the Company owns more than 25% of the portfolio company's voting securities or has the power to exercise control over management or policies, including through a management agreement. As defined in the 1940 Act, the Company is an “affiliated person” of this portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. Transactions related to the Company’s investments in non-controlled affiliates and controlled affiliates for the nine months ended September 30, 2026, were as follows:
| Company | Fair value as of December 31, 2025 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gains (Losses) | Realized Gains (Losses) | Fair value as of September 30, 2026 | Interest and PIK Income | Dividend Income | Other Income |
|---|---|---|---|---|---|---|---|---|---|
| Non - Controlled Affiliates | |||||||||
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC) | $61,927 | $54,101 | $(18,275) | $115 | $— | $97,868 | $— | $8,820 | $— |
| Ideal Image Development, LLC | 1,398 | 2,873 | (3,323) | 36,846 | (37,795) | — | — | — | — |
| LSI Financing 1 DAC | 6,657 | — | (1,487) | 198 | — | 5,368 | — | 243 | — |
| Paradigmatic Holdco LLC (dba Pluralsight) | 44,210 | 212 | (678) | (27,119) | — | 16,625 | 959 | — | 57 |
| Total | $114,192 | $57,186 | $(23,763) | $10,040 | $(37,795) | $119,861 | $959 | $9,063 | $57 |
| Controlled Affiliates | Fair value as of December 31, 2025 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gains (Losses) | Realized Gains (Losses) | Fair value as of September 30, 2026 | Interest and PIK Income | Dividend Income | Other Income |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(d) | $109,070 | $3,173 | $(561) | $(6,016) | $— | $105,666 | $6,363 | $— | $— |
| AAM Series 2.1 Aviation Feeder, LLC(d) | 143,157 | 26,582 | (377) | 874 | — | 170,236 | 8,928 | — | — |
| Blue Owl Credit SLF LLC(c) | 415,248 | 25,112 | — | (27,654) | — | 412,706 | — | 29,859 | — |
| Blue Owl Cross-Strategy Opportunities 2026-1 LLC | — | 18,030 | — | — | — | 18,030 | — | 178 | — |
| Blue Owl Leasing LLC(c) | 857 | — | — | (5) | — | 852 | — | 12 | — |
| Eagle Infrastructure Services, LLC | 145,522 | 277 | — | 37,840 | — | 183,639 | 7,779 | 9,486 | 39 |
| Fifth Season Investments LLC | 403,170 | 3,056 | (101,057) | (2,842) | — | 302,327 | — | 25,555 | — |
| LSI Financing LLC | 210,634 | 67,711 | (33,535) | 4,840 | — | 249,650 | — | 22,410 | — |
| New PLI Holdings, LLC (dba PLI) | 202,312 | 7,096 | — | (126) | — | 209,282 | 9,646 | 3,337 | 77 |
| Notorious Holdings LLC (dba Beauty Industry Group) | 105,151 | 6,108 | — | (13,799) | — | 97,460 | 5,864 | — | 650 |
| OWL-HP FINANCE LLC | — | 67,791 | (37,566) | (1,203) | — | 29,022 | — | 781 | — |
| PS Operating Company LLC (fka QC Supply, LLC) | 4,154 | 331 | (166) | (1,486) | — | 2,833 | — | — | — |
| Walker Edison Furniture Company LLC | 15,087 | 2,555 | (16,687) | 61,433 | (62,388) | — | — | — | — |
| Wingspire Capital Holdings LLC | 607,284 | 4,000 | — | (5,104) | — | 606,180 | — | 40,013 | — |
| Total | $2,361,646 | $231,822 | $(189,949) | $46,752 | $(62,388) | $2,387,883 | $38,580 | $131,631 | $766 |
(a)Gross additions may include increases in the cost basis of investments resulting from new investments, amounts related to PIK interest capitalized and added to the principal balance of the respective loans, the accretion of discounts, the exchange of one or more existing investments for one or more new investments from a different category.
(b)Gross reductions may include decreases in the cost basis of investments resulting from principal collections related to investment repayments and sales, return of capital, the amortization of premiums and the exchange of one or more existing securities for one or more new securities.
(c)For further description of the Company's investment in Blue Owl Credit SLF LLC (“Credit SLF”) and Blue Owl Leasing LLC (“Blue Owl Leasing”), see “Note 4 —Investments.”
(d)In connection with its investment in AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC and AAM Series 2.1 Aviation Feeder, LLC (collectively, “Amergin Assetco”) the Company made a minority investment in Amergin Asset Management, LLC, which has entered into a Servicing Agreement with Amergin Assetco.
(25)Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facilities and CLOs. See “Note 5 —Debt.”
(26)Investment is not pledged as collateral for the credit facilities.
(27)As of September 30, 2026, the net estimated unrealized loss for U.S. federal income tax purposes was $215.0 million based on a tax cost basis of $15.31 billion. As of September 30, 2026, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $901.9 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $686.9 million.
(28)Investment was on non-accrual status as of September 30, 2026.
(29)Non-income producing investment, which does not have a stated rate of interest or a stated dividend return.
(30)Securities acquired in transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act. As of September 30, 2026, the aggregate fair value of these securities is $2.81 billion or 40.1% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:
| Portfolio Company | Investment | Acquisition Date |
|---|---|---|
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC* | Specialty finance equity investment | July, 2022 |
| AAM Series 2.1 Aviation Feeder, LLC* | Specialty finance equity investment | July, 2022 |
| Accelerate Topco Holdings, LLC | Common Units | September, 2022 |
| Alphasense, LLC | Series E Preferred Shares | June, 2024 |
| Amergin Asset Management, LLC | Specialty finance equity investment | July, 2022 |
| ASP Conair Holdings LP | Class A Units | May, 2021 |
| Baypine Commander Co-Invest, LP | LP Interest | June, 2025 |
| BEHP Co-Investor II, L.P. | LP Interest | May, 2022 |
| Bird Holding B.V. (fka MessageBird Holding B.V.) | Extended Series C Warrants | May, 2021 |
| Blend Labs, Inc. | Warrants | July, 2021 |
| Blue Owl Credit SLF LLC** | LLC Interest | August, 2024 |
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)* | Specialty finance equity investment | August, 2025 |
| Blue Owl Cross-Strategy Opportunities 2026-1 LLC* | Specialty finance equity investment | September, 2026 |
| Blue Owl Leasing LLC** | LLC Interest | June, 2025 |
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi) | Common Units | October, 2021 |
| Capital Integration Systems LLC (dba CAIS) | Class D Common Units | February, 2026 |
| CD&R Value Building Partners I, L.P. (dba Belron) | LP Interest | December, 2021 |
| Databricks, Inc. | Class C Common Stock | August, 2026 |
| Dream Co-Investment LP | LP Interest | September, 2026 |
| Eagle Infrastructure Services, LLC | Common Units | March, 2023 |
| Elliott Alto Co-Investor Aggregator L.P. | LP Interest | September, 2022 |
| Equity NewCo S.A. (dba Netceed) | Common Equity | January, 2026 |
| Evolution Parent, LP (dba SIAA) | LP Interest | April, 2021 |
| Fifth Season Investments LLC* | Specialty finance equity investment | July, 2022 |
| Gloves Holdings, LP (dba Protective Industrial Products) | LP Interest | December, 2020 |
| GoHealth, Inc. | Common stock | August, 2025 |
| GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway) | LP Interest | December, 2021 |
| Portfolio Company | Investment | Acquisition Date |
|---|---|---|
| GT Silver Co-Invest SCSp | LP Interest | April, 2026 |
| Hercules Buyer, LLC (dba The Vincit Group) | Common Units | December, 2020 |
| Hissho Sushi Holdings, LLC | Class A units | May, 2022 |
| Hockey Parent Holdings, L.P. | Class A Common Units | September, 2023 |
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC) | LP Interest | June, 2022 |
| Kelso XI Bison-BDI Co-Investment, L.P. | LP Interest | July, 2026 |
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.) | Perpetual Preferred Stock | June, 2022 |
| KOBHG Holdings, L.P. (dba OB Hospitalist) | Class A Interests | September, 2021 |
| KPCI Co-Invest 2, L.P. | Class A Units | October, 2025 |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) | Class A Interest | November, 2023 |
| LSI Financing 1 DAC* | Specialty finance equity investment | December, 2022 |
| LSI Financing LLC* | Specialty finance equity investment | November, 2024 |
| Maia Aggregator, LP | Class A-2 Units | February, 2022 |
| Minerva Holdco, Inc. | Senior A Preferred Stock | February, 2022 |
| ModMed Software Midco Holdings, Inc. (dba ModMed) | Series A Preferred Units | April, 2025 |
| New PLI Holdings, LLC (dba PLI) | Class A Common Units | December, 2020 |
| Notorious Holding TopCo, LP (dba Beauty Industry Group) | LP Interest | December, 2025 |
| Nova Women’s Health Partners Holdings, LP | Class A Units | January, 2026 |
| Nscale Limited | Preferred equity | September, 2025 |
| Nscale Global Holdings Limited | Series B Preferred Shares | September, 2025 |
| OWL-HP FINANCE LLC* | Specialty finance equity investment | February, 2026 |
| Patriot Holdings SCSp (dba Corza Health, Inc.) | Class A Units | January, 2021 |
| Patriot Holdings SCSp (dba Corza Health, Inc.) | Class B Units | January, 2021 |
| PCF Holdco, LLC (dba Trucordia) | Preferred equity | February, 2023 |
| PCF Holdco, LLC (dba Trucordia) | Warrants | February, 2023 |
| Percheron Horsepower-A LP (dba Big Brand Tire & Service) | LP Interest | September, 2025 |
| Polar Investors LP (dba Dentalcorp) | Common Equity | January, 2026 |
| Project Alpine Co-Invest Fund, LP | LP Interest | June, 2022 |
| Project Hotel California Co-Invest Fund, L.P. | LP Interest | August, 2022 |
| Queensguard Coinvestor Aggregator LP | Class A Units | September, 2026 |
| Rhea Acquisition Holdings, LP | Series A-2 Units | February, 2022 |
| Rome Topco Holdings, LLC (dba SimpliSafe) | Class A Units | November, 2025 |
| Rome Topco Holdings, LLC (dba SimpliSafe) | Class B Units | November, 2025 |
| Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers) | Series A Preferred Stock | November, 2023 |
| Snowbird Manager LP | LP Interest | December, 2025 |
| Space Exploration Technologies Corp. | Class A Common Stock | March, 2021 |
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.) | Series A Preferred Stock | October, 2021 |
| TCB Holdings I LLC (dba TricorBraun) | Class A Preferred Units | January, 2025 |
| Thunder Topco L.P. (dba Vector Solutions) | Common Units | June, 2021 |
| Valor CI Blocker Feeder LP | LP Interest | October, 2025 |
| VCI Intermediate TopCo 1 LLC | Class B Units | November, 2025 |
| VEPF VIII Co-Invest 8-A, L.P. | LP Interest | March, 2026 |
| Windows Entities | LLC Units | January, 2020 |
| Wingspire Capital Holdings LLC* | Specialty finance equity investment | September, 2019 |
| WMC Bidco, Inc. (dba West Monroe) | Senior Preferred Stock | November, 2021 |
| WP Irving Co-Invest, L.P. | Partnership Units | May, 2022 |
| WP Silver Co-Invest, L.P. | LP Interest | April, 2026 |
| XOMA Corporation | Warrants | December, 2023 |
| Portfolio Company | Investment | Acquisition Date |
|---|---|---|
| Zoro TopCo, Inc. | Series A Preferred Equity | November, 2022 |
| Zoro TopCo, L.P. | Class A Common Units | November, 2022 |
*Refer to “Note 3 —Agreements and Related Party Transactions – Controlled/Affiliated Portfolio Companies.”
** Refer to “Note 4 —Investments – Credit SLF LLC and Blue Owl Leasing”for further information.
(31)This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of September 30, 2026, non-qualifying assets represented 17.2% of total assets as calculated in accordance with the regulatory requirements.
(32)Investment represents multiple underlying investments in related entities under common management. These underlying investments are on identical terms and include Midwest Custom Windows, LLC with a fair value of $25.6 million, Greater Toronto Custom Windows, Corp. with a fair value of $10.6 million, Garden State Custom Windows, LLC with a fair value of $35.5 million, Long Island Custom Windows, LLC with a fair value of $30.7 million, Jemico, LLC with a fair value of $24.6 million, Atlanta Custom Windows, LLC with a fair value of $12.2 million and Fairchester Custom Windows with a fair value of $8.1 million as of September 30, 2026. Greater Toronto Custom Windows, Corp. is considered a non-qualifying asset.
(33)The Company invests in this portfolio company through underlying blocker entities Hercules Blocker 1 LLC, Hercules Blocker 2 LLC, Hercules Blocker 3 LLC, Hercules Blocker 4 LLC, and Hercules Blocker 5 LLC.
(34)Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC) (“BOCSO 2025”) and Blue Owl Cross-Strategy Opportunities 2026-1 LLC (“BOCSO 2026” and, together with BOCSO 2025, “BOCSO”) were formed to hold alternative credit assets, including asset-based finance (“ABF”). ABF is a subsector of private credit focused on generating income from pools of financial, physical or other assets. As of September 30, 2026, the BOCSO 2025 portfolio consists of six investments totaling $0.73 billion at cost and $0.72 billion at fair value, respectively, and ranging in cost from $24.9 million to $187.4 million and with a fair value ranging from $24.9 million to $184.5 million. The largest investment is 25.8% of the total cost of BOCSO 2025's portfolio. As of September 30, 2026, the portfolio asset class composition was 51.1% ABF - Specialty finance,45.5% ABF - Leasing, and 3.4% ABF - Commercial Real Estate. As of September 30, 2026, the BOCSO 2026 portfolio consists of one investment totaling $0.35 billion at cost and $0.35 billion at fair value, respectively. As of September 30, 2026, the portfolio asset class composition was 100.0% ABF - Specialty finance.
(35)The Company may be entitled to receive additional interest as a result of an arrangement with other lenders in the syndication. In exchange for the higher interest rate, the “last-out” portion is at a greater risk of loss.
(36)Investment is in payment default under the terms of the respective credit agreement.
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Non-controlled/non-affiliated portfolio company investments | |||||||||||
| Debt Investments(7) | |||||||||||
| Advertising and media | |||||||||||
| IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(3)(4)(8) | First lien senior secured loan | S+ | 4.25% | 12/2029 | $42,404 | $42,058 | $42,404 | ||||
| Monotype Imaging Holdings Inc.(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.25% | 2/2031 | 151,694 | 150,274 | 151,694 | ||||
| 192,332 | 194,098 | 2.6% | |||||||||
| Aerospace and defense | |||||||||||
| Applied Composites Holdings, LLC (fka AC&A Enterprises Holdings, LLC)(3)(4)(9) | First lien senior secured loan | S+ | 0.84% | 5.66% | 7/2027 | 42,510 | 33,546 | 21,467 | |||
| Horizon Avionics Buyer, LLC (dba Acron Aviation)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 3/2032 | 15,385 | 15,309 | 15,308 | ||||
| Horizon Avionics Buyer, LLC (dba Acron Aviation)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.39% | 3/2032 | 628 | 613 | 612 | ||||
| Peraton Corp.(3)(9) | Second lien senior secured loan | S+ | 7.75% | 2/2029 | 60,393 | 57,591 | 47,294 | ||||
| STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 10/2031 | 114,425 | 113,463 | 113,281 | ||||
| STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% | 10/2030 | 9,127 | 9,043 | 8,999 | ||||
| 229,565 | 206,961 | 2.8% | |||||||||
| Asset based lending and fund finance | |||||||||||
| Hg Genesis 8 Sumoco Limited(3)(4)(19)(31) | Unsecured facility | SA+ | 7.50% | 9/2027 | £12,369 | 15,375 | 16,637 | ||||
| Hg Genesis 9 SumoCo Limited(3)(4)(14)(31) | Unsecured facility | E+ | 6.25% | 3/2029 | €53,248 | 56,596 | 62,537 | ||||
| Hg Saturn Luchaco Limited(3)(4)(19)(31) | Unsecured facility | SA+ | 8.25% | 3/2027 | £54,489 | 69,134 | 73,291 | ||||
| 141,105 | 152,465 | 2.1% | |||||||||
| Automotive services | |||||||||||
| MAJCO LLC (dba Big Brand Tire & Service)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% | 9/2032 | 75,528 | 75,038 | 75,339 | ||||
| Spotless Brands, LLC(3)(4)(10) | First lien senior secured loan | S+ | 5.75% | 7/2028 | 94,049 | 92,805 | 94,049 | ||||
| Spotless Brands, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 5.00% | 7/2028 | 4,261 | 4,146 | 4,135 | ||||
| Spotless Brands, LLC(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.75% | 7/2028 | 522 | 508 | 522 | ||||
| 172,497 | 174,045 | 2.4% | |||||||||
| Buildings and real estate | |||||||||||
| Associations Finance, Inc.(3)(4)(6) | Unsecured notes | N/A | 14.25% | 5/2030 | 202,868 | 201,437 | 202,868 | ||||
| Associations, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.50% | 7/2028 | 446,001 | 444,229 | 446,001 | ||||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Wrench Group LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 9/2032 | 100,670 | 100,087 | 100,166 | ||||
| Wrench Group LLC(3)(4)(12) | First lien senior secured revolving loan | P+ | 3.75% | 9/2031 | 2,562 | 2,485 | 2,494 | ||||
| 748,238 | 751,529 | 10.2% | |||||||||
| Business services | |||||||||||
| Aurelia Netherlands B.V.(3)(4)(14)(31) | First lien senior secured EUR term loan | E+ | 4.75% | 5/2031 | €64,136 | 72,487 | 75,325 | ||||
| CMG HoldCo, LLC (dba Crete United)(3)(4)(10)(22) | First lien senior secured loan | S+ | 4.50% | 11/2030 | 1,289 | 1,266 | 1,285 | ||||
| CoolSys, Inc.(3)(9) | First lien senior secured loan | S+ | 4.75% | 8/2028 | 11,801 | 11,628 | 10,430 | ||||
| DuraServ LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.75% | 6/2031 | 131,406 | 130,332 | 130,092 | ||||
| DuraServ LLC(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 4.75% | 6/2030 | 2,397 | 2,329 | 2,217 | ||||
| Gainsight, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.75% | 7/2027 | 32,919 | 32,725 | 32,919 | ||||
| Hercules Borrower, LLC (dba The Vincit Group)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 12/2028 | 127,350 | 126,990 | 127,350 | ||||
| Hercules Buyer, LLC (dba The Vincit Group)(3)(4)(6)(33) | Unsecured notes | N/A | 0.48% | 12/2029 | 6,316 | 6,483 | 9,117 | ||||
| KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 10/2028 | 43,125 | 40,077 | 39,137 | ||||
| KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 5.75% | 10/2028 | 31 | 29 | 28 | ||||
| 424,346 | 427,900 | 5.8% | |||||||||
| Chemicals | |||||||||||
| Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(3)(4)(8) | Second lien senior secured loan | S+ | 7.75% | 11/2028 | 16,500 | 16,200 | 14,726 | ||||
| DCG ACQUISITION CORP. (dba DuBois Chemical)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 6/2031 | 81,400 | 80,503 | 80,569 | ||||
| Gaylord Chemical Company, L.L.C.(3)(4)(9) | First lien senior secured loan | S+ | 5.75% | 12/2027 | 184,108 | 183,107 | 183,647 | ||||
| Gaylord Chemical Company, L.L.C.(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.50% | 12/2027 | 10,648 | 10,635 | 10,605 | ||||
| Rocket BidCo, Inc. (dba Recochem)(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.75% | 11/2030 | 260,359 | 255,616 | 260,359 | ||||
| 546,061 | 549,906 | 7.4% | |||||||||
| Consumer products | |||||||||||
| Conair Holdings LLC(3)(8) | First lien senior secured loan | S+ | 3.75% | 5/2028 | 12,409 | 11,383 | 6,360 | ||||
| Conair Holdings LLC(3)(4)(8) | Second lien senior secured loan | S+ | 7.50% | 5/2029 | 161,616 | 158,772 | 72,727 | ||||
| Feradyne Outdoors, LLC(3)(4)(9)(28) | First lien senior secured loan | S+ | 6.75% | 5/2028 | 80,768 | 78,196 | 54,518 | ||||
| Foundation Consumer Brands, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 2/2029 | 53,171 | 52,705 | 52,906 | ||||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Lignetics Investment Corp.(3)(4)(9) | First lien senior secured loan | S+ | 5.75% | 11/2027 | 102,561 | 101,441 | 102,304 | ||||
| SWK BUYER, Inc. (dba Stonewall Kitchen)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 3/2029 | 1,456 | 1,419 | 1,412 | ||||
| WU Holdco, Inc. (dba PurposeBuilt Brands)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 4/2032 | 94,201 | 93,969 | 94,201 | ||||
| 497,885 | 384,428 | 5.2% | |||||||||
| Containers and packaging | |||||||||||
| Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% | 1/2032 | 101,369 | 100,967 | 101,369 | ||||
| Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.25% | 1/2031 | 1,304 | 1,273 | 1,304 | ||||
| Ascend Buyer, LLC (dba PPC Flexible Packaging)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% | 9/2028 | 72,236 | 71,220 | 72,236 | ||||
| Fortis Solutions Group, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 10/2028 | 35,100 | 34,244 | 34,398 | ||||
| Fortis Solutions Group, LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.30% | 10/2027 | 1,053 | 1,006 | 981 | ||||
| Indigo Buyer, Inc. (dba Inovar Packaging Group)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% | 5/2028 | 11,081 | 10,962 | 11,081 | ||||
| Pregis Topco LLC(3)(4)(8) | Second lien senior secured loan | S+ | 7.75% | 8/2029 | 28,167 | 27,863 | 28,167 | ||||
| Pregis Topco LLC(3)(4)(8) | Second lien senior secured loan | S+ | 6.75% | 8/2029 | 164,333 | 162,669 | 164,333 | ||||
| 410,204 | 413,869 | 5.6% | |||||||||
| Distribution | |||||||||||
| ABB/Con-cise Optical Group LLC(3)(4)(9) | First lien senior secured loan | S+ | 7.50% | 2/2028 | 64,629 | 64,190 | 64,144 | ||||
| Endries Acquisition, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.50% | 12/2028 | 128,693 | 127,726 | 126,763 | ||||
| Offen, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 7/2030 | 16,308 | 16,157 | 16,145 | ||||
| 208,073 | 207,052 | 2.8% | |||||||||
| Education | |||||||||||
| Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8) | First lien senior secured loan | S+ | 2.50% | 2.25% | 10/2031 | 1,524 | 1,498 | 1,505 | |||
| Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22) | First lien senior secured delayed draw term loan | S+ | 4.75% | 10/2031 | 66 | 65 | 64 | ||||
| 1,563 | 1,569 | —% | |||||||||
| Energy equipment and services | |||||||||||
| Dresser Utility Solutions, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.25% | 3/2029 | 79,931 | 79,184 | 79,931 | ||||
| 79,184 | 79,931 | 1.1% | |||||||||
| Financial services | |||||||||||
| Baker Tilly Advisory Group, LP(3)(4)(8) | First lien senior secured loan | S+ | 4.75% | 6/2031 | 87,280 | 86,045 | 87,280 | ||||
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% | 6/2030 | 39,660 | 39,104 | 39,660 | ||||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Continental Finance Company, LLC(3)(4)(8) | First lien senior secured loan | S+ | 8.00% | 3/2029 | 7,500 | 7,438 | 7,444 | ||||
| Deerfield Dakota Holdings(3)(4)(9) | First lien senior secured loan | S+ | 3.00% | 2.75% | 9/2032 | 116,859 | 116,300 | 116,275 | |||
| Finastra USA, Inc.(3)(4)(9)(31) | First lien senior secured loan | S+ | 7.25% | 9/2029 | 27,688 | 27,466 | 27,896 | ||||
| Klarna Holding AB(3)(4)(9)(31) | Subordinated Floating Rate Notes | S+ | 7.00% | 4/2034 | 1,000 | 1,000 | 1,000 | ||||
| KRIV Acquisition Inc. (dba Riveron)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 7/2031 | 8,156 | 7,963 | 8,156 | ||||
| Minotaur Acquisition, Inc. (dba Inspira Financial)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 6/2030 | 255,802 | 252,824 | 255,802 | ||||
| NMI Acquisitionco, Inc. (dba Network Merchants)(3)(4)(8) | First lien senior secured loan | S+ | 4.50% | 9/2028 | 47,673 | 47,507 | 47,673 | ||||
| Smarsh Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% | 2/2029 | 2,066 | 2,046 | 2,055 | ||||
| Wipfli Advisory LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 10/2032 | 26,231 | 26,168 | 26,155 | ||||
| 613,861 | 619,396 | 8.4% | |||||||||
| Food and beverage | |||||||||||
| Balrog Acquisition, Inc. (dba Bakemark)(3)(4)(8) | Second lien senior secured loan | S+ | 7.00% | 9/2029 | 28,000 | 27,799 | 22,540 | ||||
| Blast Bidco Inc. (dba Bazooka Candy Brands)(3)(4)(9) | First lien senior secured loan | S+ | 6.00% | 10/2030 | 37,394 | 36,702 | 37,394 | ||||
| BP Veraison Buyer, LLC (dba Sun World)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 5/2029 | 137,357 | 136,112 | 137,357 | ||||
| Eagle Family Foods Group LLC(3)(4)(10) | First lien senior secured loan | S+ | 5.00% | 8/2030 | 2,427 | 2,395 | 2,427 | ||||
| Fiesta Purchaser, Inc. (dba Shearer's Foods)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 2.75% | 2/2029 | 956 | 956 | 945 | ||||
| Gehl Foods, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.25% | 6/2030 | 105,116 | 103,921 | 105,116 | ||||
| Hissho Parent, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 5/2029 | 17,134 | 17,000 | 17,134 | ||||
| Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(3)(4)(8) | First lien senior secured loan | S+ | 6.25% | 3/2027 | 30,922 | 30,386 | 30,846 | ||||
| KBP Brands, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 5/2027 | 1,079 | 1,054 | 1,057 | ||||
| Ole Smoky Distillery, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.50% | 3/2028 | 851 | 843 | 806 | ||||
| Rushmore Investment III LLC (dba Winland Foods)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 10/2030 | 357,284 | 353,680 | 357,284 | ||||
| Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 7/2027 | 51,943 | 51,924 | 51,662 | ||||
| Vital Bidco AB (dba Vitamin Well)(3)(4)(8)(31) | First lien senior secured loan | S+ | 4.25% | 10/2031 | 61,574 | 60,573 | 61,574 | ||||
| 823,345 | 826,142 | 11.2% | |||||||||
| Healthcare equipment and services | |||||||||||
| Arctic US Bidco, Inc. (dba ThermoSafe)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 11/2032 | 34,722 | 34,552 | 34,549 | ||||
| Interest | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | ||||||||||
| Bamboo US BidCo LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 9/2030 | 9,663 | 9,604 | 9,663 | |||
| Bamboo US BidCo LLC(3)(4)(14) | First lien senior secured EUR term loan | E+ | 5.00% | 9/2030 | €4,662 | 4,835 | 5,475 | |||
| Bamboo US BidCo LLC(3)(4)(8)(22) | First lien senior secured delayed draw term loan | S+ | 5.06% | 9/2030 | 856 | 849 | 856 | |||
| Cambrex Corporation(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.50% | 3/2032 | 785 | 777 | 785 | |||
| Creek Parent, Inc. (dba Catalent)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 12/2031 | 113,368 | 111,116 | 112,801 | |||
| CSC MKG Topco LLC (dba Medical Knowledge Group)(3)(4)(8) | First lien senior secured loan | S+ | 5.50% | 2/2029 | 4,955 | 4,855 | 4,955 | |||
| Nelipak Holding Company(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.50% | 3/2031 | 1,132 | 1,025 | 1,019 | |||
| Nelipak Holding Company(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% | 3/2031 | 32,058 | 31,492 | 31,548 | |||
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(3)(4)(14) | First lien senior secured EUR term loan | E+ | 5.50% | 3/2031 | €47,237 | 49,629 | 54,645 | |||
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(3)(4)(13)(22) | First lien senior secured EUR revolving loan | E+ | 5.50% | 3/2031 | €301 | 256 | 296 | |||
| Packaging Coordinators Midco, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 10/2032 | 157,976 | 156,175 | 157,186 | |||
| Packaging Coordinators Midco, Inc.(3)(4)(19) | First lien senior secured delayed draw term loan | SA+ | 4.75% | 10/2032 | £14,443 | 18,974 | 19,329 | |||
| Packaging Coordinators Midco, Inc.(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 4.50% | 1/2032 | 782 | 775 | 778 | |||
| Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.)(3)(4)(9)(22)(31) | First lien senior secured loan | S+ | 4.75% | 1/2028 | 157,996 | 156,822 | 157,996 | |||
| PerkinElmer U.S. LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.75% | 3/2029 | 25,721 | 25,676 | 25,721 | |||
| Rhea Parent, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 12/2030 | 40,670 | 40,278 | 40,264 | |||
| TBRS, Inc. (dba TEAM Technologies)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 11/2031 | 41,570 | 41,225 | 41,362 | |||
| 688,915 | 699,228 | 9.5% | ||||||||
| Healthcare providers and services | ||||||||||
| Allied Benefit Systems Intermediate LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 10/2030 | 6,880 | 6,880 | 6,846 | |||
| Belmont Buyer, Inc. (dba Valenz)(3)(4)(9) | First lien senior secured loan | S+ | 6.50% | 6/2029 | 4,454 | 4,383 | 4,454 | |||
| Belmont Buyer, Inc. (dba Valenz)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 6/2029 | 3,128 | 3,066 | 3,121 | |||
| Bristol Hospice L.L.C.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 8/2032 | 41,993 | 41,791 | 41,993 | |||
| Commander Buyer, Inc. (dba CenExel)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 6/2032 | 56,102 | 55,813 | 56,102 | |||
| Interest | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | ||||||||
| Confluent Health, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 11/2028 | 4,913 | 4,790 | 4,434 | |
| Covetrus, Inc.(3)(4)(9) | Second lien senior secured loan | S+ | 9.25% | 10/2030 | 30,000 | 28,902 | 29,025 | |
| Engage Debtco Limited(3)(4)(9)(31) | First lien senior secured loan | S+ | 3.18% | 2.75% | 7/2029 | 1,605 | 1,566 | 1,521 |
| Engage Debtco Limited(3)(4)(9)(31) | First lien senior secured delayed draw term loan | S+ | 3.08% | 2.75% | 7/2029 | 521 | 509 | 494 |
| EresearchTechnology, Inc. (dba Clario)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% | 1/2032 | 102,565 | 101,589 | 102,565 | |
| Ex Vivo Parent Inc. (dba OB Hospitalist)(3)(4)(8) | First lien senior secured loan | S+ | 9.50% | 9/2028 | 132,032 | 130,839 | 132,032 | |
| KABAFUSION Parent, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 11/2031 | 48,613 | 48,020 | 48,613 | |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% | 12/2029 | 121,761 | 120,368 | 121,457 | |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)(3)(4)(10)(22) | First lien senior secured loan | S+ | 4.00% | 9/2030 | 643 | 639 | 643 | |
| Maple Acquisition, LLC (dba Medicus)(3)(4)(10) | First lien senior secured loan | S+ | 4.75% | 5/2031 | 72,776 | 72,123 | 72,776 | |
| National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(9)(28) | First lien senior secured loan | S+ | 10.00% | 4/2026 | 145,775 | 129,794 | 57,581 | |
| National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(9)(28) | First lien senior secured delayed draw term loan | S+ | 12.00% | 4/2026 | 22,178 | 14,248 | 8,760 | |
| National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(9)(28) | First lien senior secured delayed draw term loan | S+ | 10.00% | 1/2026 | 7,470 | 7,376 | 7,470 | |
| National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(9)(22)(28) | First lien senior secured revolving loan | S+ | 9.00% | 4/2026 | 10,817 | 10,147 | 4,207 | |
| National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(9)(28) | First lien senior secured revolving loan | S+ | 9.00% | 4/2026 | 806 | — | 318 | |
| Natural Partners, LLC(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.50% | 11/2030 | 7,659 | 7,554 | 7,659 | |
| OB Hospitalist Group, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.25% | 9/2027 | 164,531 | 162,834 | 164,531 | |
| Pacific BidCo Inc.(3)(4)(10)(31) | First lien senior secured loan | S+ | 5.75% | 8/2029 | 48,719 | 47,785 | 48,597 | |
| PetVet Care Centers, LLC(3)(4)(8) | First lien senior secured loan | S+ | 6.00% | 11/2030 | 131,005 | 128,858 | 117,905 | |
| PetVet Care Centers, LLC(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.00% | 11/2029 | 1,830 | 1,630 | — | |
| Physician Partners, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.00% | 12/2029 | 11,372 | 10,821 | 10,207 | |
| Physician Partners, LLC(3)(9) | First lien senior secured loan | S+ | 1.50% | 2.50% | 12/2029 | 6,514 | 4,301 | 3,070 |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28) | First lien senior secured loan | S+ | 5.75% | 5/2029 | 1,391 | 1,332 | 1,078 | |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28) | First lien senior secured delayed draw term loan | S+ | 6.25% | 5/2029 | 53 | 49 | 41 | |
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28) | First lien senior secured revolving loan | S+ | 5.75% | 5/2028 | 159 | 149 | 123 | ||||
| PPV Intermediate Holdings, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.75% | 8/2029 | 28,745 | 28,287 | 28,363 | ||||
| PPV Intermediate Holdings, LLC(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 6.00% | 8/2029 | 1,759 | 1,733 | 1,746 | ||||
| Premier Imaging, LLC (dba LucidHealth)(3)(4)(9) | First lien senior secured loan | S+ | 3.74% | 2.26% | 3/2026 | 49,644 | 49,630 | 44,680 | |||
| Premise Health Holding Corp.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 11/2032 | 78,305 | 77,991 | 77,522 | ||||
| Quva Pharma, Inc.(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.50% | 4/2026 | 3,835 | 3,821 | 3,679 | ||||
| Quva Pharma, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 3.00% | 4/2028 | 67,315 | 66,357 | 65,295 | |||
| Quva Pharma, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 3.00% | 4/2026 | 5,130 | 5,054 | 4,976 | |||
| SimonMed, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% | 2/2032 | 854 | 851 | 848 | ||||
| SimonMed, Inc.(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.55% | 2/2031 | 44 | 43 | 43 | ||||
| Soleo Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 2/2032 | 58,948 | 58,683 | 58,948 | ||||
| Tivity Health, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 6/2029 | 977 | 969 | 977 | ||||
| Unified Women's Healthcare, LP(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 6/2029 | 43,947 | 43,532 | 43,947 | ||||
| Unified Women's Healthcare, LP(3)(4)(8) | First lien senior secured delayed draw term loan | S+ | 5.00% | 6/2029 | 17,140 | 16,989 | 17,140 | ||||
| Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 9/2031 | 42,131 | 41,565 | 42,131 | ||||
| Vermont Aus Pty Ltd(3)(4)(17)(31) | First lien senior secured AUD term loan | B+ | 4.50% | 3/2028 | A$2,569 | 1,696 | 1,713 | ||||
| 1,545,357 | 1,449,631 | 19.6% | |||||||||
| Healthcare technology | |||||||||||
| BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% | 8/2028 | 161,628 | 159,558 | 160,011 | ||||
| BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(8) | First lien senior secured delayed draw term loan | S+ | 5.75% | 8/2028 | 35,342 | 34,886 | 34,989 | ||||
| BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.75% | 8/2026 | 14,584 | 14,501 | 14,409 | ||||
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% | 8/2031 | 88,979 | 87,891 | 88,979 | ||||
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8) | First lien senior secured loan | S+ | 4.75% | 8/2031 | 12,910 | 12,848 | 12,845 | ||||
| GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9) | First lien senior secured loan | S+ | 6.00% | 10/2028 | 24,632 | 24,015 | 23,893 | ||||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 6.00% | 10/2027 | 272 | 251 | 211 | ||||
| Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8) | First lien senior secured loan | S+ | 4.00% | 2.50% | 12/2030 | 21,840 | 21,452 | 21,403 | |||
| Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8) | First lien senior secured delayed draw term loan | S+ | 6.00% | 12/2030 | 334 | 334 | 327 | ||||
| Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.00% | 6/2030 | 1,586 | 1,557 | 1,545 | ||||
| Inovalon Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 2.75% | 11/2028 | 153,346 | 153,160 | 150,279 | |||
| Inovalon Holdings, Inc.(3)(4)(9) | Second lien senior secured loan | S+ | 8.50% | 11/2033 | 63,316 | 63,316 | 58,250 | ||||
| Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(3)(4)(9)(31) | First lien senior secured loan | S+ | 6.50% | 8/2026 | 168,668 | 167,605 | 168,668 | ||||
| Interoperability Bidco, Inc. (dba Lyniate)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.75% | 3/2028 | 72,897 | 72,646 | 72,511 | ||||
| Klick Inc.(3)(4)(8)(31) | First lien senior secured loan | S+ | 5.00% | 11/2032 | 71,806 | 71,453 | 71,447 | ||||
| Modernizing Medicine, Inc. (dba ModMed)(3)(4)(9) | First lien senior secured loan | S+ | 2.50% | 2.25% | 4/2032 | 772 | 765 | 768 | |||
| RL Datix Holdings (USA), Inc.(3)(4)(10) | First lien senior secured loan | S+ | 5.00% | 4/2031 | 56,403 | 56,404 | 56,403 | ||||
| RL Datix Holdings (USA), Inc.(3)(4)(19) | First lien senior secured GBP term loan | SA+ | 5.00% | 4/2031 | £26,120 | 35,250 | 35,133 | ||||
| Salinger Bidco Inc. (dba Surgical Information Systems)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% | 8/2031 | 41,293 | 40,697 | 41,293 | ||||
| Salinger Bidco Inc. (dba Surgical Information Systems)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.75% | 5/2031 | 333 | 295 | 333 | ||||
| 1,018,884 | 1,013,697 | 13.7% | |||||||||
| Household products | |||||||||||
| HGH Purchaser, Inc. (dba Horizon Services)(3)(4)(9) | First lien senior secured loan | S+ | 3.25% | 3.75% | 11/2028 | 194,861 | 194,123 | 179,760 | |||
| HGH Purchaser, Inc. (dba Horizon Services)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 6.50% | 11/2028 | 10,806 | 10,631 | 9,517 | ||||
| Mario Midco Holdings, Inc. (dba Len the Plumber)(3)(4)(9) | Unsecured facility | S+ | 10.75% | 4/2032 | 8,873 | 8,673 | 8,429 | ||||
| Mario Purchaser, LLC (dba Len the Plumber)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.75% | 4/2028 | 1,766 | 1,742 | 1,693 | ||||
| Mario Purchaser, LLC (dba Len the Plumber)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% | 4/2029 | 27,772 | 27,262 | 26,731 | ||||
| Sentinel Buyer Corp. (dba SimpliSafe)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 11/2032 | 40,313 | 39,916 | 39,909 | ||||
| 282,347 | 266,039 | 3.6% | |||||||||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Human resource support services | |||||||||||
| Cornerstone OnDemand, Inc.(3)(4)(8) | Second lien senior secured loan | S+ | 6.50% | 10/2029 | 160,417 | 153,895 | 144,375 | ||||
| IG Investments Holdings, LLC (dba Insight Global)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 9/2028 | 117,139 | 116,125 | 117,139 | ||||
| 270,020 | 261,514 | 3.5% | |||||||||
| Infrastructure and environmental services | |||||||||||
| AWP Group Holdings, Inc.(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.50% | 12/2030 | 967 | 943 | 957 | ||||
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 1/2031 | 54,882 | 54,273 | 54,882 | ||||
| GI Apple Midco LLC (dba Atlas Technical Consultants)(3)(4)(8) | First lien senior secured loan | S+ | 6.75% | 4/2030 | 927 | 917 | 911 | ||||
| GI Apple Midco LLC (dba Atlas Technical Consultants)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.75% | 4/2029 | 50 | 49 | 48 | ||||
| Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 3/2029 | 1,942 | 1,917 | 1,942 | ||||
| VCI Asset Holdings 1 LLC(3)(4)(6)(31) | First lien senior secured loan | N/A | 10.00% | 11/2030 | 90,455 | 89,567 | 89,550 | ||||
| Vessco Midco Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.50% | 7/2031 | 45,722 | 45,179 | 45,722 | ||||
| Vessco Midco Holdings, LLC(3)(4)(10) | First lien senior secured loan | S+ | 4.50% | 7/2031 | 14,543 | 14,472 | 14,543 | ||||
| Vessco Midco Holdings, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 4.50% | 7/2031 | 12,599 | 12,480 | 12,599 | ||||
| 219,797 | 221,154 | 3.0% | |||||||||
| Insurance | |||||||||||
| AmeriLife Holdings LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 8/2029 | 13,254 | 13,012 | 13,188 | ||||
| AmeriLife Holdings LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% | 8/2028 | 167 | 163 | 162 | ||||
| Brightway Holdings, LLC(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.75% | 12/2027 | 52,568 | 52,031 | 52,568 | ||||
| Brightway Holdings, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 5.75% | 12/2027 | 17,919 | 17,806 | 17,919 | ||||
| Diamond Mezzanine 24 LLC (dba United Risk)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% | 10/2030 | 24,922 | 24,686 | 24,922 | ||||
| Evolution BuyerCo, Inc. (dba SIAA)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 4/2030 | 941 | 932 | 941 | ||||
| Galway Borrower LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 4.50% | 9/2028 | 703 | 698 | 703 | ||||
| Integrity Marketing Acquisition, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 8/2028 | 97,956 | 97,027 | 97,956 | ||||
| KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(3)(4)(8) | First lien senior secured loan | S+ | 10.60% | 7/2030 | 68,189 | 67,578 | 68,189 | ||||
| Norvax, LLC (dba GoHealth)(3)(4)(9)(28) | First lien senior secured loan | S+ | 5.50% | 11/2029 | 2,427 | 2,316 | 1,389 | ||||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Norvax, LLC (dba GoHealth)(3)(4)(9)(28) | First lien senior secured revolving loan | S+ | 4.50% | 7.11% | 8/2029 | 3,955 | 1,661 | — | |||
| Simplicity Financial Marketing Group Holdings, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% | 12/2031 | 45,877 | 45,270 | 45,877 | ||||
| THG Acquisition, LLC (dba Hilb)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% | 10/2031 | 41,868 | 41,311 | 41,511 | ||||
| Trucordia Insurance Holdings, LLC(3)(4)(8) | Second lien senior secured loan | S+ | 5.75% | 6/2033 | 150,000 | 148,570 | 149,625 | ||||
| USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 12/2029 | 51,975 | 51,589 | 51,975 | ||||
| 564,650 | 566,925 | 7.7% | |||||||||
| Internet software and services | |||||||||||
| AI Titan Parent, Inc. (dba Prometheus Group)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.50% | 8/2031 | 7,887 | 7,697 | 7,802 | ||||
| AlphaSense, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 6.25% | 6/2029 | 707 | 701 | 705 | ||||
| Anaplan, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 6/2029 | 64,180 | 64,180 | 64,180 | ||||
| Aptean Acquiror, Inc. (dba Aptean)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 1/2031 | 19,226 | 18,878 | 19,226 | ||||
| Aptean Acquiror, Inc. (dba Aptean)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 4.65% | 1/2031 | 437 | 433 | 437 | ||||
| Armstrong Bidco Limited(3)(4)(19)(31) | First lien senior secured GBP term loan | SA+ | 5.25% | 6/2029 | £2,960 | 3,591 | 3,961 | ||||
| Artifact Bidco, Inc. (dba Avetta)(3)(4)(9) | First lien senior secured loan | S+ | 4.15% | 7/2031 | 12,011 | 11,911 | 12,011 | ||||
| Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(3)(4)(8) | First lien senior secured loan | S+ | 6.00% | 3/2031 | 15,817 | 15,587 | 15,817 | ||||
| Barracuda Parent, LLC(3)(9) | First lien senior secured loan | S+ | 4.50% | 8/2029 | 12,667 | 11,965 | 10,225 | ||||
| Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9) | First lien senior secured loan | S+ | 2.50% | 3.00% | 10/2028 | 88,925 | 88,701 | 88,925 | |||
| Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% | 10/2027 | 1,832 | 1,817 | 1,832 | ||||
| BCTO BSI Buyer, Inc. (dba Buildertrend)(3)(4)(9) | First lien senior secured loan | S+ | 6.50% | 12/2028 | 70,843 | 70,609 | 70,843 | ||||
| BCTO WIW Holdings, Inc. (dba When I Work)(3)(4)(6) | Senior convertible notes | N/A | 5.50% | 8/2030 | 4,694 | 4,694 | 4,694 | ||||
| By Light Professional IT Services LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.50% | 7/2031 | 41,947 | 41,355 | 41,318 | ||||
| Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% | 8/2027 | 22,551 | 22,135 | 22,070 | ||||
| CivicPlus, LLC(3)(4)(9) | First lien senior secured loan | S+ | 3.25% | 2.75% | 8/2030 | 70,616 | 70,297 | 70,616 | |||
| CivicPlus, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 5.50% | 8/2030 | 9,611 | 9,563 | 9,611 | ||||
| Interest | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | ||||||||
| Coupa Holdings, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 2/2030 | 1,547 | 1,534 | 1,547 | |
| CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(3)(4)(10) | Unsecured notes | S+ | 11.75% | 6/2034 | 21,389 | 21,177 | 21,389 | |
| Crewline Buyer, Inc. (dba New Relic)(3)(4)(9) | First lien senior secured loan | S+ | 6.75% | 11/2030 | 148,219 | 145,888 | 147,108 | |
| Delinea Buyer, Inc. (f/k/a Centrify)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% | 3/2028 | 87,526 | 86,631 | 87,526 | |
| Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet)(3)(4)(8) | First lien senior secured loan | S+ | 5.50% | 8/2032 | 77,364 | 76,223 | 76,204 | |
| EET Buyer, Inc. (dba e-Emphasys)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 11/2027 | 23,187 | 22,920 | 23,187 | |
| Einstein Parent, Inc. (dba Smartsheet)(3)(4)(9) | First lien senior secured loan | S+ | 6.50% | 1/2031 | 43,387 | 42,975 | 43,061 | |
| Flexera Software LLC(3)(4)(13) | First lien senior secured EUR term loan | E+ | 4.50% | 8/2032 | €5,300 | 6,193 | 6,210 | |
| Flexera Software LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 8/2032 | 17,563 | 17,522 | 17,519 | |
| Granicus, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 3.50% | 2.00% | 1/2031 | 17,873 | 17,648 | 17,873 |
| Granicus, Inc.(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 3.00% | 2.00% | 1/2031 | 2,647 | 2,603 | 2,641 |
| GS Acquisitionco, Inc. (dba insightsoftware)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% | 5/2028 | 9,582 | 9,391 | 9,482 | |
| H&F Opportunities LUX III S.À R.L (dba Checkmarx)(3)(4)(8)(31) | First lien senior secured loan | S+ | 6.50% | 4/2027 | 51,309 | 51,215 | 51,309 | |
| Hyland Software, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 9/2030 | 66,133 | 66,133 | 66,133 | |
| Icefall Parent, Inc. (dba EngageSmart)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 1/2030 | 4,197 | 4,197 | 4,197 | |
| JS Parent, Inc. (dba Jama Software)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% | 4/2031 | 900 | 897 | 900 | |
| Litera Bidco LLC(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% | 5/2028 | 161,317 | 160,714 | 161,317 | |
| MINDBODY, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 6.00% | 9/2027 | 62,018 | 61,881 | 62,018 | |
| Ministry Brands Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.50% | 12/2028 | 11,882 | 11,638 | 11,793 | |
| Ministry Brands Holdings, LLC(3)(4)(12)(22) | First lien senior secured revolving loan | P+ | 4.50% | 12/2027 | 90 | 84 | 82 | |
| PDI TA Holdings, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% | 2/2031 | 23,128 | 22,675 | 22,832 | |
| QAD, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.75% | 11/2027 | 71,989 | 71,302 | 71,989 | |
| Securonix, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 3.50% | 3.75% | 4/2029 | 1,760 | 1,652 | 1,589 |
| Sitecore Holding III A/S(3)(4)(9) | First lien senior secured loan | S+ | 7.00% | 3/2029 | 4,577 | 4,556 | 4,577 | |
| Sitecore Holding III A/S(3)(4)(14) | First lien senior secured EUR term loan | E+ | 7.00% | 3/2029 | €26,396 | 27,819 | 31,001 | |
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Sitecore USA, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 7.00% | 3/2029 | 27,591 | 27,470 | 27,591 | ||||
| Spaceship Purchaser, Inc. (dba Squarespace)(3)(4)(9) | First lien senior secured loan | S+ | 3.75% | 10/2031 | 12,853 | 12,853 | 12,853 | ||||
| Themis Solutions Inc. (dba Clio)(3)(4)(8)(31) | First lien senior secured loan | S+ | 1.75% | 3.75% | 10/2032 | 8,808 | 8,722 | 8,719 | |||
| Thunder Purchaser, Inc. (dba Vector Solutions)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% | 6/2028 | 105,094 | 104,258 | 105,094 | ||||
| Zendesk, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 11/2028 | 109,267 | 107,865 | 109,267 | ||||
| 1,640,750 | 1,651,281 | 22.3% | |||||||||
| Leisure and entertainment | |||||||||||
| Aerosmith Bidco 1 Limited (dba Audiotonix)(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.25% | 7/2031 | 208,759 | 205,950 | 208,759 | ||||
| Eternal Buyer, LLC (dba Wedgewood Weddings)(3)(4)(8) | First lien senior secured loan | S+ | 4.50% | 6/2032 | 34,913 | 34,748 | 34,738 | ||||
| Troon Golf, L.L.C.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% | 8/2028 | 86,223 | 85,565 | 86,223 | ||||
| 326,263 | 329,720 | 4.5% | |||||||||
| Manufacturing | |||||||||||
| Faraday Buyer, LLC (dba MacLean Power Systems)(3)(4)(9) | First lien senior secured loan | S+ | 6.00% | 10/2028 | 148,849 | 146,533 | 148,849 | ||||
| FR Flow Control CB LLC (dba Trillium Flow Technologies)(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.00% | 12/2029 | 31,581 | 31,257 | 31,581 | ||||
| Helix Acquisition Holdings, Inc. (dba MW Industries)(3)(4)(8) | First lien senior secured loan | S+ | 6.98% | 3/2030 | 946 | 926 | 939 | ||||
| Loparex Midco B.V.(3)(4)(9) | First lien senior secured loan | S+ | 8.75% | 2/2027 | 786 | 786 | 794 | ||||
| Loparex Midco B.V.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% | 7/2027 | 4,122 | 3,881 | 4,122 | ||||
| Loparex Midco B.V.(3)(4)(9) | Second lien senior secured loan | S+ | 8.75% | 7/2027 | 112,000 | 109,847 | 97,720 | ||||
| Loparex Midco B.V.(3)(4)(9) | Second lien senior secured loan | S+ | 8.50% | 7/2027 | 21,000 | 20,366 | 19,793 | ||||
| MHE Intermediate Holdings, LLC (dba OnPoint Group)(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.00% | 7/2027 | 106,134 | 105,600 | 103,194 | ||||
| MHE Intermediate Holdings, LLC (dba OnPoint Group)(3)(4)(9) | First lien senior secured loan | S+ | 6.25% | 7/2027 | 2,488 | 2,456 | 2,432 | ||||
| Sonny's Enterprises, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.50% | 8/2028 | 289,872 | 287,484 | 288,422 | ||||
| Sonny's Enterprises, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 6.50% | 8/2028 | 12,896 | 12,726 | 12,896 | ||||
| Sonny's Enterprises, LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.50% | 8/2027 | 9,510 | 9,420 | 9,391 | ||||
| 731,282 | 720,133 | 9.7% | |||||||||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Pharmaceuticals | |||||||||||
| Puma Buyer, LLC (dba PANTHERx)(3)(4)(9) | First lien senior secured loan | S+ | 4.25% | 3/2032 | 1,213 | 1,205 | 1,213 | ||||
| 1,205 | 1,213 | —% | |||||||||
| Professional services | |||||||||||
| Essential Services Holding Corporation (dba Turnpoint)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 6/2031 | 25,974 | 25,648 | 25,519 | ||||
| Essential Services Holding Corporation (dba Turnpoint)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% | 6/2030 | 1,273 | 1,249 | 1,218 | ||||
| Gerson Lehrman Group, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 12/2028 | 155,495 | 154,351 | 155,495 | ||||
| Guidehouse Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.75% | 12/2030 | 49,443 | 48,563 | 48,949 | ||||
| Paris US Holdco, Inc. (dba Precinmac)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% | 12/2031 | 28,900 | 28,492 | 28,819 | ||||
| Relativity ODA LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.50% | 5/2029 | 101,311 | 100,641 | 101,311 | ||||
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(9) | First lien senior secured loan | S+ | 6.50% | 5/2028 | 88,237 | 87,944 | 88,237 | ||||
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(14) | First lien senior secured EUR term loan | E+ | 6.75% | 5/2028 | €15,067 | 16,143 | 17,696 | ||||
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 6.94% | 5/2028 | 1,689 | 1,688 | 1,689 | ||||
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(14) | First lien senior secured EUR delayed draw term loan | E+ | 7.25% | 5/2028 | €343 | 366 | 403 | ||||
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.50% | 5/2028 | 2,423 | 2,414 | 2,423 | ||||
| Vensure Employer Services, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 9/2031 | 1,950 | 1,919 | 1,931 | ||||
| 469,418 | 473,690 | 6.4% | |||||||||
| Specialty retail | |||||||||||
| Galls, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.00% | 3/2030 | 162,512 | 160,342 | 162,512 | ||||
| Milan Laser Holdings LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% | 4/2027 | 62,927 | 62,402 | 61,354 | ||||
| The Shade Store, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.00% | 10/2029 | 22,354 | 17,467 | 17,436 | ||||
| 240,211 | 241,302 | 3.3% | |||||||||
| Telecommunications | |||||||||||
| EOS Finco S.A.R.L(3)(9)(28)(31) | First lien senior secured loan | S+ | 6.00% | 10/2029 | 39,724 | 22,269 | 9,820 | ||||
| 22,269 | 9,820 | 0.1% | |||||||||
| Transportation | |||||||||||
| Lightbeam Bidco, Inc. (dba Lazer Spot)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% | 5/2030 | 4,789 | 4,786 | 4,789 | ||||
| Lytx, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.00% | 2/2028 | 71,005 | 71,005 | 71,005 | ||||
| 75,791 | 75,794 | 1.0% | |||||||||
| Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||
| Total non-controlled/non-affiliated debt investments | $13,185,418 | $12,970,432 | 175.3% | ||||||||
| Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8) | $(4,758) | $(3,039) | —% | ||||||||
| Total non-controlled/non-affiliated portfolio company debt investments | $13,180,660 | $12,967,393 | 175.3% | ||||||||
| Equity Investments | |||||||||||
| Aerospace and defense | |||||||||||
| Space Exploration Technologies Corp.(3)(4)(29)(30) | Class A Common Stock | N/A | N/A | 46,605 | 2,557 | 18,053 | |||||
| Space Exploration Technologies Corp.(3)(4)(29)(30) | Class C Common Stock | N/A | N/A | 9,360 | 446 | 3,626 | |||||
| 3,003 | 21,679 | 0.3% | |||||||||
| Asset based lending and fund finance | |||||||||||
| Amergin Asset Management, LLC(3)(4)(29)(30) | Specialty finance equity investment | N/A | N/A | 50,000,000 | 382 | 2,137 | |||||
| 382 | 2,137 | —% | |||||||||
| Automotive services | |||||||||||
| CD&R Value Building Partners I, L.P. (dba Belron)(3)(5)(29)(30)(31) | LP Interest | N/A | N/A | 73,986 | 77,334 | 98,478 | |||||
| Metis HoldCo, Inc. (dba Mavis Tire Express Services)(3)(4)(6)(30) | Series A Convertible Preferred Stock | N/A | 7.00% | N/A | 182,000 | 248,320 | 251,546 | ||||
| Percheron Horsepower-A LP (dba Big Brand Tire & Service)(3)(5)(22)(29)(30)(31) | Limited Partner Interest | N/A | N/A | 1,509,287 | 12,207 | 14,517 | |||||
| 337,861 | 364,541 | 4.9% | |||||||||
| Buildings and real estate | |||||||||||
| Dodge Construction Network Holdings, L.P.(3)(4)(29)(30) | Class A-2 Common Units | N/A | N/A | 2,613,518 | 1,920 | 314 | |||||
| Dodge Construction Network Holdings, L.P.(3)(4)(6)(30) | Series A Preferred Units | N/A | 8.25% | N/A | — | 50 | 32 | ||||
| 1,970 | 346 | —% | |||||||||
| Business services | |||||||||||
| Hercules Buyer, LLC (dba The Vincit Group)(3)(4)(29)(30)(33) | Common Units | N/A | N/A | 2,640,000 | 2,728 | 3,812 | |||||
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(3)(4)(10)(30) | Perpetual Preferred Stock | S+ | 10.75% | N/A | 12,600 | 17,375 | 17,318 | ||||
| 20,103 | 21,130 | 0.3% | |||||||||
| Consumer products | |||||||||||
| ASP Conair Holdings LP(3)(4)(29)(30) | Class A Units | N/A | N/A | 73,571 | 7,442 | 1,195 | |||||
| 7,442 | 1,195 | —% | |||||||||
| Containers and packaging | |||||||||||
| TCB Holdings I LLC (dba TricorBraun)(3)(4)(6)(30) | Class A Preferred Units | N/A | 14.00% | N/A | 43,500 | 47,978 | 46,058 | ||||
| 47,978 | 46,058 | 0.6% | |||||||||
| Financial services | |||||||||||
| Blend Labs, Inc.(3)(4)(29)(30) | Warrants | N/A | N/A | 179,529 | 975 | 1 | |||||
| Interest | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | ||||||||||
| Snowbird Manager LP(3)(5)(29)(30)(31) | Limited Partner Interest | N/A | N/A | 786,491 | 4,225 | 4,212 | ||||
| 5,200 | 4,213 | 0.1% | ||||||||
| Food and beverage | ||||||||||
| Hissho Sushi Holdings, LLC(3)(4)(29)(30) | Class A Units | N/A | N/A | 15,004 | 129 | 189 | ||||
| 129 | 189 | —% | ||||||||
| Healthcare equipment and services | ||||||||||
| KPCI Co-Invest 2, L.P.(3)(4)(29)(30)(31) | Class A Units | N/A | N/A | 851,604 | 8,516 | 8,516 | ||||
| Maia Aggregator, LP(3)(4)(29)(30) | Class A-2 Units | N/A | N/A | 280,899 | 268 | 292 | ||||
| Patriot Holdings SCSp (dba Corza Health, Inc.)(3)(4)(6)(30)(31) | Class A Units | N/A | 8.00% | N/A | 9,739 | 14,030 | 14,020 | |||
| Patriot Holdings SCSp (dba Corza Health, Inc.)(3)(4)(29)(30)(31) | Class B Units | N/A | N/A | 134,107 | 266 | 975 | ||||
| Rhea Acquisition Holdings, LP(3)(4)(29)(30) | Series A-2 Units | N/A | N/A | 238,095 | 260 | 245 | ||||
| 23,340 | 24,048 | 0.3% | ||||||||
| Healthcare providers and services | ||||||||||
| Baypine Commander Co-Invest, LP(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 3,067,771 | 3,086 | 3,360 | ||||
| KOBHG Holdings, L.P. (dba OB Hospitalist)(3)(4)(29)(30) | Class A Interests | N/A | N/A | 9,687 | 9,376 | 11,450 | ||||
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(29)(30) | Class A Interest | N/A | N/A | 542 | 5,522 | 7,526 | ||||
| Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)(3)(4)(6)(30) | Series A Preferred Stock | N/A | 15.00% | N/A | 15,050 | 19,792 | 16,763 | |||
| XOMA Corporation(3)(4)(29)(30) | Warrants | N/A | N/A | 36,000 | 269 | 346 | ||||
| 38,045 | 39,445 | 0.5% | ||||||||
| Healthcare technology | ||||||||||
| BEHP Co-Investor II, L.P.(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 1,269,969 | 823 | 1,834 | ||||
| Minerva Holdco, Inc.(3)(4)(6)(30) | Senior A Preferred Stock | N/A | 10.75% | N/A | 9,000 | 13,460 | 13,558 | |||
| ModMed Software Midco Holdings, Inc. (dba ModMed)(3)(4)(6)(30) | Series A Preferred Units | N/A | 13.00% | N/A | 170 | 181 | 182 | |||
| WP Irving Co-Invest, L.P.(3)(4)(29)(30)(31) | Partnership Units | N/A | N/A | 1,250,000 | 729 | 1,805 | ||||
| 15,193 | 17,379 | 0.2% | ||||||||
| Household products | ||||||||||
| Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30) | Class A Units | N/A | N/A | 1,955 | 1,955 | 1,955 | ||||
| Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30) | Class B Units | N/A | N/A | 1,954,656 | — | — | ||||
| 1,955 | 1,955 | —% | ||||||||
| Interest | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | ||||||||||
| Human resource support services | ||||||||||
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(3)(4)(6)(30) | Series A Preferred Stock | N/A | 10.50% | N/A | 51,250 | 75,162 | 66,872 | |||
| 75,162 | 66,872 | 0.9% | ||||||||
| Infrastructure and environmental services | ||||||||||
| Valor Compute Infrastructure L.P.(3)(4)(22)(29)(30)(31) | LP Interest | N/A | N/A | 1,583 | 1,583 | 1,583 | ||||
| VCI Intermediate TopCo 1 LLC(3)(4)(29)(30)(31) | Class B Units | N/A | N/A | 4,523 | 4,524 | 4,522 | ||||
| 6,107 | 6,105 | 0.1% | ||||||||
| Insurance | ||||||||||
| Accelerate Topco Holdings, LLC(3)(4)(29)(30) | Common Units | N/A | N/A | 5,641 | 254 | 249 | ||||
| Evolution Parent, LP (dba SIAA)(3)(4)(29)(30) | LP Interest | N/A | N/A | 51,757 | 5,279 | 6,685 | ||||
| GoHealth, Inc.(3)(4)(29)(30) | Common stock | N/A | N/A | 33,357 | 186 | — | ||||
| GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(3)(4)(29)(30) | LP Interest | N/A | N/A | 124,940 | 1,253 | 1,312 | ||||
| Hockey Parent Holdings, L.P.(3)(4)(29)(30) | Class A Common Units | N/A | N/A | 17,500 | 18,225 | 22,045 | ||||
| PCF Holdco, LLC (dba Trucordia)(3)(4)(29)(30) | Warrants | N/A | N/A | 1,624,016 | 5,437 | 4,270 | ||||
| PCF Holdco, LLC (dba Trucordia)(3)(4)(6)(30) | Preferred equity | N/A | 14.00% | N/A | 20,983 | 24,397 | 31,060 | |||
| 55,031 | 65,621 | 0.9% | ||||||||
| Internet software and services | ||||||||||
| AlphaSense, LLC(3)(4)(29)(30) | Series E Preferred Shares | N/A | N/A | 16,929 | 153 | 211 | ||||
| Bird Holding B.V. (fka MessageBird Holding B.V.)(3)(4)(29)(30)(31) | Extended Series C Warrants | N/A | N/A | 148,430 | 790 | 166 | ||||
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(3)(4)(29)(30) | Common Units | N/A | N/A | 9,233,282 | 10,049 | 15,495 | ||||
| Elliott Alto Co-Investor Aggregator L.P.(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 6,007 | 7,542 | 13,787 | ||||
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | — | 1,817 | 2,255 | ||||
| Nscale Global Holdings Limited(3)(4)(29)(30)(31) | Series B Preferred Shares | N/A | N/A | 9,657 | 3,669 | 3,669 | ||||
| Nscale Global Holdings Limited(3)(4)(29)(30)(31) | Preferred equity | N/A | N/A | 5,502 | 5,502 | 5,502 | ||||
| Project Alpine Co-Invest Fund, LP(3)(4)(29)(30)(31) | LP Interest | N/A | N/A | 12,000 | 12,582 | 15,759 | ||||
| Project Hotel California Co-Invest Fund, L.P.(3)(29)(30)(31) | LP Interest | N/A | N/A | 4,027 | 4,182 | 6,555 | ||||
| Interest | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | |||||||||||||
| Thunder Topco L.P. (dba Vector Solutions)(3)(4)(29)(30) | Common Units | N/A | N/A | 5,968,267 | 6,324 | 7,100 | |||||||
| VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)(3)(4)(6)(30) | Series A Preferred Stock | N/A | 12.00% | N/A | 21,250 | 27,761 | 31,440 | ||||||
| WMC Bidco, Inc. (dba West Monroe)(3)(4)(6)(30) | Senior Preferred Stock | N/A | 11.25% | N/A | 50,077 | 77,502 | 78,491 | ||||||
| Zoro TopCo, L.P.(3)(4)(29)(30) | Class A Common Units | N/A | N/A | 1,064,900 | 10,830 | 11,952 | |||||||
| Zoro TopCo, Inc.(3)(4)(9)(30) | Series A Preferred Equity | S+ | 9.50% | N/A | 4,222 | 6,119 | 6,275 | ||||||
| 174,822 | 198,657 | 2.7% | |||||||||||
| Manufacturing | |||||||||||||
| Gloves Holdings, LP (dba Protective Industrial Products)(3)(4)(29)(30) | LP Interest | N/A | N/A | 48,099 | 5,395 | 7,455 | |||||||
| Windows Entities(3)(4)(30)(31)(32) | LLC Units | N/A | N/A | 31,844 | 60,319 | 138,637 | |||||||
| 65,714 | 146,092 | 2.0% | |||||||||||
| Total non-controlled/non-affiliated portfolio company equity investments | $879,437 | $1,027,662 | 13.9% | ||||||||||
| Total non-controlled/non-affiliated portfolio company investments | $14,060,097 | $13,995,055 | 189.2% | ||||||||||
| Non-controlled/affiliated portfolio company investments | |||||||||||||
| Debt Investments(7) | |||||||||||||
| Education | |||||||||||||
| Pluralsight, LLC(3)(4)(9)(24) | First lien senior secured loan | S+ | 3.00% | 1.50% | 8/2029 | 23,187 | 23,110 | 22,723 | |||||
| Pluralsight, LLC(3)(4)(9)(24)(28) | First lien senior secured loan | S+ | 7.50% | 8/2029 | 26,609 | 25,749 | 21,753 | ||||||
| 48,859 | 44,476 | 0.6% | |||||||||||
| Specialty retail | |||||||||||||
| Ideal Image Development, LLC(3)(4)(9)(22)(24)(28) | First lien senior secured loan | S+ | 6.50% | 2/2029 | 11,840 | 10,695 | — | ||||||
| Ideal Image Development, LLC(3)(4)(9)(22)(24)(28) | First lien senior secured revolving loan | S+ | 6.00% | 2/2029 | 2,382 | 2,255 | 1,398 | ||||||
| 12,950 | 1,398 | —% | |||||||||||
| Total non-controlled/affiliated debt investments | 61,809 | 45,874 | 0.6% | ||||||||||
| Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8) | $— | $(266) | —% | ||||||||||
| Total non-controlled/affiliated portfolio company debt investments | $61,809 | $45,608 | 0.6% | ||||||||||
| Equity Investments | |||||||||||||
| Asset based lending and fund finance | |||||||||||||
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)(3)(5)(24)(26)(30)(31)(34) | Specialty finance equity investment | N/A | N/A | 62,042 | 62,042 | 61,927 | |||||||
| 62,042 | 61,927 | 0.8% | |||||||||||
| Interest | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | ||||||||||||
| Education | ||||||||||||
| Paradigmatic Holdco LLC (dba Pluralsight)(3)(4)(24)(29)(30) | Common stock | N/A | N/A | 7,619,079 | 20,149 | — | ||||||
| 20,149 | — | —% | ||||||||||
| Pharmaceuticals | ||||||||||||
| LSI Financing 1 DAC(3)(4)(24)(30)(31) | Specialty finance equity investment | N/A | N/A | 6,748 | 6,785 | 6,657 | ||||||
| 6,785 | 6,657 | 0.1% | ||||||||||
| Specialty retail | ||||||||||||
| Ideal Topco, L.P.(3)(4)(24)(29)(30) | Class A-2 Common Units | N/A | N/A | 10,365,854 | — | — | ||||||
| Ideal Topco, L.P.(3)(4)(24)(29)(30) | Class A-1 Preferred Units | N/A | N/A | 25,914,634 | 25,293 | — | ||||||
| 25,293 | — | —% | ||||||||||
| Total non-controlled/affiliated equity portfolio company investments | $114,269 | $68,584 | 0.9% | |||||||||
| Total non-controlled/affiliated portfolio company investments | $176,078 | $114,192 | 1.5% | |||||||||
| Controlled/affiliated portfolio company investments | ||||||||||||
| Debt Investments(7) | ||||||||||||
| Advertising and media | ||||||||||||
| Swipe Acquisition Corporation (dba PLI)(3)(4)(8)(24) | First lien senior secured loan | S+ | 8.00% | 11/2027 | 72,529 | 72,501 | 72,529 | |||||
| Swipe Acquisition Corporation (dba PLI)(3)(4)(8)(22)(24) | First lien senior secured loan | S+ | 5.00% | 11/2027 | 42,489 | 42,256 | 42,382 | |||||
| 114,757 | 114,911 | 1.6% | ||||||||||
| Asset based lending and fund finance | ||||||||||||
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(6)(24)(31) | Specialty finance debt investment | N/A | 12.00% | 7/2030 | 68,514 | 68,385 | 68,514 | |||||
| AAM Series 2.1 Aviation Feeder, LLC(3)(4)(6)(24)(31) | Specialty finance debt investment | N/A | 12.00% | 11/2030 | 88,783 | 88,619 | 88,783 | |||||
| 157,004 | 157,297 | 2.1% | ||||||||||
| Distribution | ||||||||||||
| PS Operating Company LLC (fka QC Supply, LLC)(4)(9)(24)(28) | First lien senior secured loan | S+ | 6.26% | 12/2026 | 16,985 | 13,366 | 4,161 | |||||
| PS Operating Company LLC (fka QC Supply, LLC)(4)(9)(22)(24)(28) | First lien senior secured revolving loan | S+ | 6.00% | 12/2026 | 4,594 | 3,513 | (7) | |||||
| 16,879 | 4,154 | 0.1% | ||||||||||
| Interest | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | ||||||||||||
| Household products | ||||||||||||
| Walker Edison Furniture Company LLC(3)(4)(9)(22)(24)(28) | First lien senior secured loan | S+ | 6.75% | 3/2027 | 51,391 | 25,259 | 483 | |||||
| Walker Edison Furniture Company LLC(3)(4)(6)(22)(24)(28) | First lien senior secured loan | N/A | 10.00% | 2/2026 | 14,537 | 14,188 | 14,648 | |||||
| Walker Edison Furniture Company LLC(3)(4)(9)(22)(24)(28) | First lien senior secured revolving loan | S+ | 6.25% | 3/2027 | 14,575 | 13,355 | — | |||||
| 52,802 | 15,131 | 0.2% | ||||||||||
| Infrastructure and environmental services | ||||||||||||
| Eagle Infrastructure Services, LLC(4)(9)(24) | First lien senior secured loan | S+ | 7.50% | 4/2028 | 87,138 | 86,239 | 87,138 | |||||
| 86,239 | 87,138 | 1.2% | ||||||||||
| Specialty retail | ||||||||||||
| Notorious Holdings LLC (dba Beauty Industry Group)(3)(4)(9)(24) | First lien senior secured loan | S+ | 9.00% | 12/2031 | 20,641 | 20,436 | 20,435 | |||||
| Notorious Topco, LLC (dba Beauty Industry Group)(3)(4)(9)(24) | First lien senior secured loan | S+ | 7.25% | 12/2030 | 43,003 | 42,815 | 42,788 | |||||
| 63,251 | 63,223 | 0.9% | ||||||||||
| Total controlled/affiliated debt portfolio company investments | $490,932 | $441,854 | 6.0% | |||||||||
| Total controlled/affiliated misc. debt commitments(22)(23)(Note 8) | (44) | (87) | —% | |||||||||
| Total controlled/affiliated debt portfolio company investments | $490,888 | $441,767 | 6.0% | |||||||||
| Equity Investments | ||||||||||||
| Advertising and media | ||||||||||||
| New PLI Holdings, LLC (dba PLI)(3)(4)(24)(29)(30) | Class A Common Units | N/A | N/A | 86,745 | 48,007 | 87,401 | ||||||
| 48,007 | 87,401 | 1.2% | ||||||||||
| Asset based lending and fund finance | ||||||||||||
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(22)(24)(29)(30)(31) | Specialty finance equity investment | N/A | N/A | 30,937 | 31,431 | 40,556 | ||||||
| AAM Series 2.1 Aviation Feeder, LLC(3)(4)(24)(29)(30)(31) | Specialty finance equity investment | N/A | N/A | 34,308 | 35,325 | 54,374 | ||||||
| Wingspire Capital Holdings LLC(3)(4)(22)(24)(26)(30) | Specialty finance equity investment | N/A | N/A | 501,000 | 500,552 | 607,284 | ||||||
| 567,308 | 702,214 | 9.5% | ||||||||||
| Distribution | ||||||||||||
| PS Op Holdings LLC (fka QC Supply, LLC)(4)(24)(29)(30) | Class A Common Units | N/A | N/A | 248,271 | 4,300 | — | ||||||
| 4,300 | — | —% | ||||||||||
| Household products | ||||||||||||
| Walker Edison Holdco LLC(3)(4)(24)(29)(30) | Common Units | N/A | N/A | 318,823 | 23,762 | — | ||||||
| 23,762 | — | —% | ||||||||||
| Interest | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company(1)(25) · Investment · Ref. Rate · Cash · PIK · Maturity Date · Par / Units · Amortized Cost(2)(27) · Fair Value · % of Net Assets | ||||||||||
| Infrastructure and environmental services | ||||||||||
| Eagle Infrastructure Services, LLC(4)(24)(29)(30) | Common Units | N/A | N/A | 576,276 | 24,058 | 58,384 | ||||
| 24,058 | 58,384 | 0.8% | ||||||||
| Insurance | ||||||||||
| Fifth Season Investments LLC(3)(4)(24)(30) | Specialty finance equity investment | N/A | N/A | 36 | 364,593 | 403,170 | ||||
| 364,593 | 403,170 | 5.5% | ||||||||
| Joint ventures | ||||||||||
| Blue Owl Credit SLF LLC(3)(5)(24)(26)(30)(31) | LLC Interest | N/A | N/A | 421,348 | 421,353 | 415,248 | ||||
| Blue Owl Leasing LLC(3)(5)(24)(26)(29)(30)(31) | LLC Interest | N/A | N/A | 860 | 860 | 857 | ||||
| 422,213 | 416,105 | 5.6% | ||||||||
| Pharmaceuticals | ||||||||||
| LSI Financing LLC(3)(5)(22)(24)(30)(31) | Specialty finance equity investment | N/A | N/A | 194,833 | 194,504 | 210,634 | ||||
| 194,504 | 210,634 | 2.8% | ||||||||
| Specialty retail | ||||||||||
| Notorious Purchaser II, Inc. (dba Beauty Industry Group)(3)(4)(24)(29)(30) | Class B Common Stock | N/A | N/A | 3,440 | 41,971 | 41,971 | ||||
| 41,971 | 41,971 | 0.6% | ||||||||
| Total controlled/affiliated equity company investments | $1,690,716 | $1,919,879 | 26.0% | |||||||
| Total controlled/affiliated portfolio company investments | $2,181,604 | $2,361,646 | 31.9% | |||||||
| Total Investments | $16,417,779 | $16,470,893 | 222.7% | |||||||
| Interest Rate Swaps as of December 31, 2025 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company Receives · Company Pays · Maturity Date · Notional Amount · Fair Value · Upfront Payments/Receipts · Change in Unrealized Appreciation / (Depreciation) · Hedged Instrument · Footnote Reference | ||||||||||
| Interest rate swap | 2.63% | S + 1.769% | 1/15/2027 | $500,000 | $(13,370) | $— | $18,461 | 2027 Notes | Notes 5 and 7 | |
| Interest rate swap | 5.95% | S + 2.255% | 2/15/2029 | 600,000 | 3,645 | — | 8,799 | 2029 Notes | Notes 5 and 7 | |
| Interest rate swap | 5.95% | S + 1.922% | 2/15/2029 | 400,000 | 7,185 | — | 8,441 | 2029 Notes | Notes 5 and 7 | |
| Interest rate swap | 6.20% | S + 2.392% | 7/15/2030 | 500,000 | 5,663 | — | 5,663 | 2030 Notes | Notes 5 and 7 | |
| Total | $2,000,000 | $3,123 | $41,364 | |||||||
| Notional Amount to be Purchased | Notional Amount to be Sold | Counterparty | Settlement Date | Change in Unrealized Appreciation / (Depreciation) | |
|---|---|---|---|---|---|
| Foreign currency forward contract | $126,248 | £94,190 | Goldman Sachs Bank USA | 1/20/2026 | $(668) |
| Foreign currency forward contract | $19,549 | £14,775 | SMBC | 1/20/2026 | (359) |
| Foreign currency forward contract | $247,528 | €208,670 | Goldman Sachs Bank USA | 7/17/2026 | 256 |
| Foreign currency forward contract | $6,296 | €5,301 | SMBC | 7/17/2026 | 15 |
| Foreign currency forward contract | $1,685 | A$2,580 | Goldman Sachs Bank USA | 1/20/2026 | (37) |
| Total | $(793) | ||||
(1)Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 30 for additional information on the Company’s restricted securities.
(2)The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.
(3)Represents co-investment made with the Company’s affiliates in accordance with the terms of the exemptive relief that the Company received from the U.S. Securities and Exchange Commission. See “Note 3—Agreements and Related Party Transactions.”
(4)These investments were valued using unobservable inputs and are considered Level 3 investments.
(5)Investment measured at net asset value (“NAV”).
(6)Investment contains a fixed-rate structure.
(7)Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “S,” which can include one-, three-, six- or twelve-month SOFR), Euro Interbank Offered Rate (“EURIBOR” or “E”, which can include one-, three- or six-month EURIBOR), Canadian Overnight Repo Rate Average (“CORRA” or “C”) (which can include one- or three-month CORRA), SONIA (“SONIA” or “SA”), Australian Bank Bill Swap Bid Rate (“BBSY” or “B”) (which can include one-, three-, or six-month BBSY) or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.
(8)The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2025 was 3.69%.
(9)The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2025 was 3.65%.
(10)The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2025 was 3.57%.
(11)Reserved.
(12)The interest rate on these loans is subject to Prime, which as of December 31, 2025 was 6.75%.
(13)The interest rate on this loan is subject to 1 month EURIBOR, which as of December 31, 2025 was 1.94%.
(14)The interest rate on this loan is subject to 3 month EURIBOR, which as of December 31, 2025 was 2.03%.
(15)Reserved.
(16)Reserved.
(17)The interest rate on this loan is subject to 3 month BBSY, which as of December 31, 2025 was 3.74%.
(18)Reserved.
(19)The interest rate on this loan is subject to SONIA, which as of December 31, 2025 was 3.73%.
(20)Reserved.
(21)Reserved.
(22)Position or portion thereof is a partially unfunded debt or equity commitment. See“Note 8—Commitments and Contingencies.”
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| Non-controlled/non-affiliated - debt commitments | |||||
| Aerosmith Bidco 1 Limited (dba Audiotonix) | First lien senior secured delayed draw term loan | 7/2027 | $— | $76,215 | $— |
| AI Titan Parent, Inc. (dba Prometheus Group) | First lien senior secured delayed draw term loan | 9/2026 | 340 | 1,170 | — |
| AlphaSense, Inc. | First lien senior secured delayed draw term loan | 6/2029 | — | 143 | — |
| AmeriLife Holdings LLC | First lien senior secured delayed draw term loan | 6/2026 | 1,895 | 87 | — |
| Arctic Holdco, LLC (dba Novvia Group) | First lien senior secured delayed draw term loan | 1/2027 | 6,688 | 4,130 | — |
| Arctic US Bidco, Inc. (dba ThermoSafe) | First lien senior secured delayed draw term loan | 11/2027 | — | 20,833 | (52) |
| Artifact Bidco, Inc. (dba Avetta) | First lien senior secured delayed draw term loan | 7/2027 | — | 2,940 | — |
| Associations, Inc. | First lien senior secured delayed draw term loan | 7/2028 | 14,458 | 19,280 | — |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| Bamboo US BidCo LLC | First lien senior secured delayed draw term loan | 11/2026 | 856 | 173 | — |
| Brightway Holdings, LLC | First lien senior secured delayed draw term loan | 1/2027 | 17,919 | 5,684 | — |
| Cambrex Corporation | First lien senior secured delayed draw term loan | 3/2027 | — | 117 | — |
| Cambrex Corporation | First lien senior secured delayed draw term loan | 9/2026 | — | 219 | — |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) | First lien senior secured delayed draw term loan | 6/2026 | 2,010 | 2,463 | — |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) | First lien senior secured delayed draw term loan | 1/2027 | 112 | 8,843 | — |
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.) | First lien senior secured delayed draw term loan | 9/2027 | 510 | 8,827 | — |
| CivicPlus, LLC | First lien senior secured delayed draw term loan | 5/2027 | 9,611 | 6,679 | — |
| CMG HoldCo, LLC (dba Crete United) | First lien senior secured delayed draw term loan | 7/2027 | 429 | 850 | (1) |
| Commander Buyer, Inc. (dba CenExel) | First lien senior secured delayed draw term loan | 6/2027 | — | 15,339 | — |
| Coupa Holdings, LLC | First lien senior secured delayed draw term loan | 6/2027 | — | 140 | — |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured delayed draw term loan | 7/2027 | 600 | 2,462 | — |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured delayed draw term loan | 8/2027 | — | 740 | (4) |
| DCG ACQUISITION CORP. (dba DuBois Chemical) | First lien senior secured delayed draw term loan | 6/2026 | 8,636 | 3,532 | — |
| DuraServ LLC | First lien senior secured delayed draw term loan | 11/2027 | — | 29,004 | (145) |
| EresearchTechnology, Inc. (dba Clario) | First lien senior secured delayed draw term loan | 1/2027 | 2,272 | 13,957 | — |
| Essential Services Holding Corporation (dba Turnpoint) | First lien senior secured delayed draw term loan | 6/2026 | — | 5,093 | (64) |
| Eternal Buyer, LLC (dba Wedgewood Weddings) | First lien senior secured delayed draw term loan | 6/2027 | — | 7,000 | — |
| FR Flow Control CB LLC (dba Trillium Flow Technologies) | First lien senior secured delayed draw term loan | 6/2026 | — | 6,380 | — |
| Galls, LLC | First lien senior secured delayed draw term loan | 3/2026 | 34,080 | 6,752 | — |
| Galway Borrower LLC | First lien senior secured delayed draw term loan | 7/2026 | 634 | 2,471 | — |
| GS Acquisitionco, Inc. (dba insightsoftware) | First lien senior secured delayed draw term loan | 5/2027 | — | 888 | (7) |
| GS Acquisitionco, Inc. (dba insightsoftware) | First lien senior secured delayed draw term loan | 3/2026 | 121 | 204 | — |
| Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured delayed draw term loan | 12/2028 | — | 6,996 | — |
| Horizon Avionics Buyer, LLC (dba Acron Aviation) | First lien senior secured delayed draw term loan | 11/2027 | — | 6,410 | (16) |
| Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured delayed draw term loan | 7/2026 | 2,452 | 4,522 | — |
| Integrity Marketing Acquisition, LLC | First lien senior secured delayed draw term loan | 8/2026 | — | 6,224 | — |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| Interoperability Bidco, Inc. (dba Lyniate) | First lien senior secured delayed draw term loan | 6/2026 | — | 4,762 | (24) |
| Klick Inc. | First lien senior secured delayed draw term loan | 11/2027 | — | 7,659 | (19) |
| KRIV Acquisition Inc. (dba Riveron) | First lien senior secured delayed draw term loan | 9/2027 | — | 1,655 | — |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) | First lien senior secured delayed draw term loan | 8/2027 | 44,410 | 1,001 | — |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group) | First lien senior secured delayed draw term loan | 9/2026 | 83 | 317 | — |
| Lightbeam Bidco, Inc. (dba Lazer Spot) | First lien senior secured delayed draw term loan | 12/2027 | 356 | 498 | — |
| Litera Bidco LLC | First lien senior secured delayed draw term loan | 11/2026 | 32,993 | 2,908 | — |
| Litera Bidco LLC | First lien senior secured delayed draw term loan | 5/2027 | — | 15,101 | — |
| MAJCO LLC (dba Big Brand Tire & Service) | First lien senior secured delayed draw term loan | 9/2027 | 7,204 | 29,586 | — |
| Maple Acquisition, LLC (dba Medicus) | First lien senior secured delayed draw term loan | 5/2026 | — | 16,172 | — |
| Monotype Imaging Holdings Inc. | First lien senior secured delayed draw term loan | 2/2026 | 3,214 | 9,308 | — |
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A. | First lien senior secured EUR delayed draw term loan | 3/2027 | — | 21,742 | (178) |
| Nelipak Holding Company | First lien senior secured delayed draw term loan | 3/2027 | 6,262 | 3,848 | — |
| Packaging Coordinators Midco, Inc. | First lien senior secured delayed draw term loan | 4/2026 | 782 | 2,324 | — |
| Packaging Coordinators Midco, Inc. | First lien senior secured delayed draw term loan | 4/2026 | — | 21,550 | — |
| Paris US Holdco, Inc. (dba Precinmac) | First lien senior secured delayed draw term loan | 12/2026 | — | 7,442 | — |
| PerkinElmer U.S. LLC | First lien senior secured delayed draw term loan | 10/2027 | — | 4,907 | — |
| Premise Health Holding Corp. | First lien senior secured delayed draw term loan | 11/2027 | — | 6,932 | (35) |
| RL Datix Holdings (USA), Inc. | First lien senior secured delayed draw term loan | 4/2027 | — | 12,722 | — |
| Salinger Bidco Inc. (dba Surgical Information Systems) | First lien senior secured delayed draw term loan | 8/2026 | — | 3,996 | — |
| Sentinel Buyer Corp. (dba SimpliSafe) | First lien senior secured delayed draw term loan | 11/2027 | — | 3,358 | (17) |
| Severin Acquisition, LLC (dba PowerSchool) | First lien senior secured delayed draw term loan | 10/2027 | 66 | 248 | — |
| SimonMed, Inc. | First lien senior secured delayed draw term loan | 2/2027 | 101 | 44 | — |
| Simplicity Financial Marketing Group Holdings, Inc. | First lien senior secured delayed draw term loan | 12/2026 | 5,202 | 5,702 | — |
| Smarsh Inc. | First lien senior secured delayed draw term loan | 1/2027 | — | 373 | — |
| Soleo Holdings, Inc. | First lien senior secured delayed draw term loan | 2/2027 | — | 8,651 | — |
| Sonny's Enterprises, LLC | First lien senior secured delayed draw term loan | 6/2027 | 12,896 | 14,737 | — |
| Spaceship Purchaser, Inc. (dba Squarespace) | First lien senior secured delayed draw term loan | 10/2027 | — | 2,492 | — |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| Spotless Brands, LLC | First lien senior secured delayed draw term loan | 3/2027 | 4,261 | 25,239 | — |
| STS PARENT, LLC (dba STS Aviation Group) | First lien senior secured delayed draw term loan | 10/2026 | — | 32,025 | (160) |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured delayed draw term loan | 7/2027 | 140 | 337 | — |
| TBRS, Inc. (dba TEAM Technologies) | First lien senior secured delayed draw term loan | 11/2026 | — | 4,887 | — |
| Themis Solutions Inc. (dba Clio) | First lien senior secured delayed draw term loan | 10/2027 | — | 3,750 | (38) |
| THG Acquisition, LLC (dba Hilb) | First lien senior secured delayed draw term loan | 10/2026 | 2,526 | 6,172 | — |
| Troon Golf, L.L.C. | First lien senior secured delayed draw term loan | 9/2026 | 6,185 | 6,248 | — |
| Unified Women's Healthcare, LP | First lien senior secured delayed draw term loan | 9/2027 | — | 3,086 | — |
| Vensure Employer Services, Inc. | First lien senior secured delayed draw term loan | 9/2026 | — | 31 | — |
| Vessco Midco Holdings, LLC | First lien senior secured delayed draw term loan | 7/2026 | 12,599 | 2,642 | — |
| Vessco Midco Holdings, LLC | First lien senior secured delayed draw term loan | 5/2028 | — | 14,139 | — |
| Wipfli Advisory LLC | First lien senior secured delayed draw term loan | 4/2028 | — | 9,837 | (14) |
| Wrench Group LLC | First lien senior secured delayed draw term loan | 9/2027 | — | 13,728 | — |
| WU Holdco, Inc. (dba PurposeBuilt Brands) | First lien senior secured delayed draw term loan | 4/2027 | — | 22,823 | — |
| Zendesk, Inc. | First lien senior secured delayed draw term loan | 5/2026 | — | 7,963 | — |
| Aerosmith Bidco 1 Limited (dba Audiotonix) | First lien senior secured revolving loan | 7/2030 | — | 32,230 | — |
| AI Titan Parent, Inc. (dba Prometheus Group) | First lien senior secured revolving loan | 8/2031 | — | 943 | (9) |
| AmeriLife Holdings LLC | First lien senior secured revolving loan | 8/2028 | 167 | 833 | — |
| Anaplan, Inc. | First lien senior secured revolving loan | 6/2028 | — | 11,667 | — |
| Applied Composites Holdings, LLC (fka AC&A Enterprises Holdings, LLC)* | First lien senior secured revolving loan | 7/2027 | 3,554 | — | — |
| Aptean Acquiror, Inc. (dba Aptean) | First lien senior secured revolving loan | 1/2031 | 437 | 1,092 | — |
| Arctic US Bidco, Inc. (dba ThermoSafe) | First lien senior secured multi-currency revolving loan | 11/2032 | — | 6,944 | (35) |
| Arctic Holdco, LLC (dba Novvia Group) | First lien senior secured revolving loan | 1/2031 | 1,304 | 5,941 | — |
| Artifact Bidco, Inc. (dba Avetta) | First lien senior secured revolving loan | 7/2030 | — | 2,100 | — |
| Ascend Buyer, LLC (dba PPC Flexible Packaging) | First lien senior secured revolving loan | 9/2028 | 1,140 | 7,004 | — |
| Associations, Inc. | First lien senior secured revolving loan | 7/2028 | — | 27,139 | — |
| AWP Group Holdings, Inc. | First lien senior secured revolving loan | 12/2030 | 60 | 66 | — |
| Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.) | First lien senior secured revolving loan | 3/2031 | — | 1,758 | — |
| Baker Tilly Advisory Group, LP | First lien senior secured revolving loan | 6/2030 | — | 16,190 | — |
| Bamboo US BidCo LLC | First lien senior secured revolving loan | 10/2029 | — | 1,538 | — |
| Bayshore Intermediate #2, L.P. (dba Boomi) | First lien senior secured revolving loan | 10/2027 | 1,832 | 5,555 | — |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured revolving loan | 8/2026 | 14,584 | 2,917 | — |
| BCTO BSI Buyer, Inc. (dba Buildertrend) | First lien senior secured revolving loan | 12/2028 | — | 9,563 | — |
| Belmont Buyer, Inc. (dba Valenz) | First lien senior secured revolving loan | 6/2029 | — | 436 | — |
| Blast Bidco Inc. (dba Bazooka Candy Brands) | First lien senior secured revolving loan | 10/2029 | — | 4,440 | — |
| BP Veraison Buyer, LLC (dba Sun World) | First lien senior secured revolving loan | 5/2029 | — | 27,932 | — |
| Bristol Hospice L.L.C. | First lien senior secured revolving loan | 8/2032 | — | 4,007 | — |
| Brightway Holdings, LLC | First lien senior secured revolving loan | 12/2027 | 1,739 | 3,524 | — |
| By Light Professional IT Services LLC | First lien senior secured revolving loan | 7/2031 | — | 3,178 | (48) |
| Cambrex Corporation | First lien senior secured revolving loan | 3/2032 | 6 | 96 | — |
| Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.) | First lien senior secured revolving loan | 8/2027 | 205 | 1,469 | — |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) | First lien senior secured revolving loan | 6/2029 | — | 2,239 | — |
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.) | First lien senior secured revolving loan | 1/2030 | — | 3,112 | — |
| CivicPlus, LLC | First lien senior secured revolving loan | 8/2030 | — | 4,887 | — |
| CMG HoldCo, LLC (dba Crete United) | First lien senior secured revolving loan | 11/2030 | — | 281 | (1) |
| Commander Buyer, Inc. (dba CenExel) | First lien senior secured revolving loan | 6/2032 | — | 10,226 | — |
| Coupa Holdings, LLC | First lien senior secured revolving loan | 2/2029 | — | 107 | — |
| Creek Parent, Inc. (dba Catalent) | First lien senior secured revolving loan | 12/2031 | — | 16,401 | (82) |
| Crewline Buyer, Inc. (dba New Relic) | First lien senior secured revolving loan | 11/2030 | — | 14,870 | (112) |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured revolving loan | 8/2031 | — | 7,663 | — |
| DCG ACQUISITION CORP. (dba DuBois Chemical) | First lien senior secured revolving loan | 6/2031 | — | 12,168 | (122) |
| Deerfield Dakota Holdings | First lien senior secured revolving loan | 9/2032 | — | 10,864 | (54) |
| Delinea Buyer, Inc. (f/k/a Centrify) | First lien senior secured revolving loan | 3/2027 | — | 6,817 | — |
| Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet) | First lien senior secured revolving loan | 8/2032 | — | 7,736 | (116) |
| Diamond Mezzanine 24 LLC (dba United Risk) | First lien senior secured revolving loan | 10/2030 | 380 | 808 | — |
| Dresser Utility Solutions, LLC | First lien senior secured revolving loan | 3/2029 | — | 9,481 | — |
| DuraServ LLC | First lien senior secured revolving loan | 6/2030 | 2,397 | 15,579 | — |
| Eagle Family Foods Group LLC | First lien senior secured revolving loan | 8/2030 | — | 303 | — |
| EET Buyer, Inc. (dba e-Emphasys) | First lien senior secured revolving loan | 11/2027 | — | 2,409 | — |
| Einstein Parent, Inc. (dba Smartsheet) | First lien senior secured revolving loan | 1/2031 | — | 4,488 | (34) |
| Essential Services Holding Corporation (dba Turnpoint) | First lien senior secured revolving loan | 6/2030 | 1,273 | 1,910 | — |
| EresearchTechnology, Inc. (dba Clario) | First lien senior secured revolving loan | 10/2031 | — | 8,114 | — |
| Eternal Buyer, LLC (dba Wedgewood Weddings) | First lien senior secured revolving loan | 6/2032 | — | 7,000 | (35) |
| Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured revolving loan | 4/2030 | — | 52 | — |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| Fiesta Purchaser, Inc. (dba Shearer's Foods) | First lien senior secured revolving loan | 2/2029 | 956 | 7,241 | — |
| Flexera Software LLC | First lien senior secured revolving loan | 8/2032 | — | 1,348 | (3) |
| Fortis Solutions Group, LLC | First lien senior secured revolving loan | 10/2027 | 1,053 | 2,557 | — |
| Foundation Consumer Brands, LLC | First lien senior secured revolving loan | 2/2029 | — | 4,791 | (24) |
| FR Flow Control CB LLC (dba Trillium Flow Technologies) | First lien senior secured revolving loan | 12/2029 | — | 5,220 | — |
| Gainsight, Inc. | First lien senior secured revolving loan | 7/2027 | — | 4,537 | — |
| Galls, LLC | First lien senior secured revolving loan | 3/2030 | 5,320 | 11,048 | — |
| Galway Borrower LLC | First lien senior secured revolving loan | 9/2028 | 69 | 323 | — |
| Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 12/2027 | 10,648 | 6,526 | — |
| Gerson Lehrman Group, Inc. | First lien senior secured revolving loan | 12/2028 | — | 7,891 | — |
| GI Apple Midco LLC (dba Atlas Technical Consultants) | First lien senior secured revolving loan | 4/2029 | 50 | 61 | — |
| GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured revolving loan | 10/2027 | 272 | 1,770 | — |
| Granicus, Inc. | First lien senior secured revolving loan | 1/2031 | — | 2,467 | — |
| GS Acquisitionco, Inc. (dba insightsoftware) | First lien senior secured revolving loan | 5/2028 | 92 | 156 | — |
| H&F Opportunities LUX III S.À R.L (dba Checkmarx) | First lien senior secured revolving loan | 4/2027 | — | 16,250 | — |
| Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured revolving loan | 12/2028 | — | 10,835 | — |
| Horizon Avionics Buyer, LLC (dba Acron Aviation) | First lien senior secured revolving loan | 3/2032 | 628 | 2,577 | — |
| HGH Purchaser, Inc. (dba Horizon Services) | First lien senior secured revolving loan | 11/2028 | 10,806 | 5,825 | — |
| Hissho Parent, LLC | First lien senior secured revolving loan | 5/2029 | — | 2,379 | — |
| Hyland Software, Inc. | First lien senior secured revolving loan | 9/2029 | — | 3,198 | — |
| Icefall Parent, Inc. (dba EngageSmart) | First lien senior secured revolving loan | 1/2030 | — | 511 | — |
| IG Investments Holdings, LLC (dba Insight Global) | First lien senior secured revolving loan | 9/2028 | — | 12,513 | — |
| Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured revolving loan | 5/2028 | — | 200 | — |
| Indikami Bidco, LLC (dba IntegriChain) | First lien senior secured revolving loan | 6/2030 | 1,586 | 501 | — |
| Integrity Marketing Acquisition, LLC | First lien senior secured revolving loan | 8/2028 | — | 4,623 | — |
| Interoperability Bidco, Inc. (dba Lyniate) | First lien senior secured revolving loan | 3/2028 | 1,128 | 4,513 | — |
| Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)* | First lien senior secured revolving loan | 8/2026 | 11,175 | — | — |
| IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)) | First lien senior secured revolving loan | 12/2028 | — | 4,007 | — |
| JS Parent, Inc. (dba Jama Software) | First lien senior secured revolving loan | 4/2031 | — | 88 | — |
| KABAFUSION Parent, LLC | First lien senior secured revolving loan | 11/2031 | — | 3,889 | — |
| Klick Inc. | First lien senior secured revolving loan | 11/2031 | — | 7,659 | (38) |
| KRIV Acquisition Inc. (dba Riveron) | First lien senior secured revolving loan | 7/2031 | 114 | 1,333 | — |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) | First lien senior secured revolving loan | 12/2029 | — | 16,029 | (40) |
| Unfunded | |||||
|---|---|---|---|---|---|
| Company | Commitment Type | Commitment Expiration Date | Funded Commitment | Commitment | Fair Value(23) |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group) | First lien senior secured revolving loan | 9/2029 | — | 67 | — |
| Lightbeam Bidco, Inc. (dba Lazer Spot) | First lien senior secured revolving loan | 5/2029 | — | 476 | — |
| Lignetics Investment Corp. | First lien senior secured revolving loan | 10/2026 | — | 12,353 | (31) |
| Litera Bidco LLC | First lien senior secured revolving loan | 5/2028 | — | 8,595 | — |
| MAJCO LLC (dba Big Brand Tire & Service) | First lien senior secured revolving loan | 9/2032 | — | 10,511 | (26) |
| Maple Acquisition, LLC (dba Medicus) | First lien senior secured revolving loan | 5/2030 | — | 12,129 | — |
| Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured revolving loan | 4/2028 | 1,766 | 168 | — |
| MHE Intermediate Holdings, LLC (dba OnPoint Group) | First lien senior secured revolving loan | 7/2027 | 7,643 | 11,464 | — |
| Milan Laser Holdings LLC | First lien senior secured revolving loan | 4/2027 | — | 8,112 | (203) |
| MINDBODY, Inc. | First lien senior secured revolving loan | 9/2027 | — | 6,071 | — |
| Ministry Brands Holdings, LLC | First lien senior secured revolving loan | 12/2027 | 90 | 987 | — |
| Minotaur Acquisition, Inc. (dba Inspira Financial) | First lien senior secured revolving loan | 6/2030 | — | 20,009 | — |
| Modernizing Medicine, Inc. (dba ModMed) | First lien senior secured revolving loan | 4/2032 | — | 71 | — |
| Monotype Imaging Holdings Inc. | First lien senior secured revolving loan | 2/2030 | — | 18,843 | — |
| National Dentex Labs LLC (fka Barracuda Dental LLC) | First lien senior secured revolving loan | 4/2026 | 10,817 | 109 | — |
| National Dentex Labs LLC (fka Barracuda Dental LLC)* | First lien senior secured revolving loan | 4/2026 | 806 | — | — |
| Natural Partners, LLC | First lien senior secured revolving loan | 11/2030 | — | 557 | — |
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A. | First lien senior secured EUR revolving loan | 3/2031 | 354 | 3,702 | — |
| Nelipak Holding Company | First lien senior secured revolving loan | 3/2031 | 1,132 | 6,413 | — |
| NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured revolving loan | 9/2028 | — | 2,210 | — |
| Norvax, LLC (dba GoHealth)* | First lien senior secured revolving loan | 8/2029 | 3,955 | — | — |
| OB Hospitalist Group, Inc. | First lien senior secured revolving loan | 9/2027 | — | 21,999 | — |
| Offen, Inc. | First lien senior secured revolving loan | 7/2029 | — | 2,185 | (22) |
| Ole Smoky Distillery, LLC | First lien senior secured revolving loan | 3/2028 | — | 116 | (6) |
| Packaging Coordinators Midco, Inc. | First lien senior secured revolving loan | 10/2032 | — | 16,889 | (84) |
| Paris US Holdco, Inc. (dba Precinmac) | First lien senior secured revolving loan | 12/2031 | 279 | 3,442 | — |
| Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.) | First lien senior secured revolving loan | 1/2028 | 1,157 | 15,036 | — |
| PDI TA Holdings, Inc. | First lien senior secured revolving loan | 2/2031 | 1,338 | 486 | — |
| PetVet Care Centers, LLC | First lien senior secured revolving loan | 11/2029 | 1,830 | 16,469 | — |
| Plasma Buyer LLC (dba PathGroup)* | First lien senior secured revolving loan | 5/2028 | 159 | — | — |
| PPV Intermediate Holdings, LLC | First lien senior secured revolving loan | 8/2029 | 260 | 1,821 | — |
| Premise Health Holding Corp. | First lien senior secured revolving loan | 11/2031 | — | 8,920 | (89) |
| Puma Buyer, LLC (dba PANTHERx) | First lien senior secured revolving loan | 3/2032 | — | 208 | — |
| QAD, Inc. | First lien senior secured revolving loan | 11/2027 | — | 9,429 | — |
| Quva Pharma, Inc. | First lien senior secured revolving loan | 4/2026 | 3,835 | 1,347 | — |
| Relativity ODA LLC | First lien senior secured revolving loan | 5/2029 | — | 8,655 | — |
| Rhea Parent, Inc. | First lien senior secured revolving loan | 12/2030 | — | 4,480 | (45) |
| Unfunded | |||||||
|---|---|---|---|---|---|---|---|
| Company · Commitment Type · Commitment Expiration Date · Funded Commitment · Commitment · Fair Value(23) | |||||||
| RL Datix Holdings (USA), Inc. | First lien senior secured revolving loan | 10/2030 | — | 11,139 | — | ||
| Salinger Bidco Inc. (dba Surgical Information Systems) | First lien senior secured revolving loan | 5/2031 | 333 | 3,663 | — | ||
| Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC) | First lien senior secured revolving loan | 7/2027 | 4,774 | 4,226 | — | ||
| Securonix, Inc. | First lien senior secured revolving loan | 4/2028 | — | 305 | (30) | ||
| Sensor Technology Topco, Inc. (dba Humanetics) | First lien senior secured revolving loan | 5/2028 | 2,423 | 4,846 | — | ||
| Severin Acquisition, LLC (dba PowerSchool) | First lien senior secured revolving loan | 10/2031 | — | 189 | (2) | ||
| Simplicity Financial Marketing Group Holdings, Inc. | First lien senior secured revolving loan | 12/2031 | — | 5,464 | — | ||
| SimonMed, Inc. | First lien senior secured revolving loan | 2/2031 | 44 | 53 | — | ||
| Smarsh Inc. | First lien senior secured revolving loan | 2/2029 | 77 | 121 | — | ||
| Soleo Holdings, Inc. | First lien senior secured revolving loan | 2/2032 | — | 8,651 | — | ||
| Soliant Lower Intermediate, LLC (dba Soliant) | First lien senior secured revolving loan | 6/2031 | — | 4,444 | (878) | ||
| Sonny's Enterprises, LLC | First lien senior secured revolving loan | 8/2027 | 9,510 | 14,188 | — | ||
| Spaceship Purchaser, Inc. (dba Squarespace) | First lien senior secured revolving loan | 10/2031 | — | 2,076 | — | ||
| Spotless Brands, LLC | First lien senior secured revolving loan | 7/2028 | 522 | 2,088 | — | ||
| STS PARENT, LLC (dba STS Aviation Group) | First lien senior secured revolving loan | 10/2030 | 9,127 | 3,683 | — | ||
| SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured revolving loan | 3/2029 | — | 140 | (4) | ||
| Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured revolving loan | 3/2029 | — | 253 | — | ||
| TBRS, Inc. (dba TEAM Technologies) | First lien senior secured revolving loan | 11/2030 | — | 5,585 | (28) | ||
| Themis Solutions Inc. (dba Clio) | First lien senior secured revolving loan | 10/2032 | — | 3,125 | (31) | ||
| THG Acquisition, LLC (dba Hilb) | First lien senior secured revolving loan | 10/2031 | 572 | 3,782 | — | ||
| Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured revolving loan | 6/2027 | — | 8,545 | — | ||
| Troon Golf, L.L.C. | First lien senior secured revolving loan | 8/2028 | — | 6,248 | — | ||
| Truist Insurance Holdings, LLC | First lien senior secured revolving loan | 5/2029 | — | 1,755 | — | ||
| Unified Women's Healthcare, LP | First lien senior secured revolving loan | 6/2029 | — | 177 | — | ||
| USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | First lien senior secured revolving loan | 12/2029 | — | 5,335 | — | ||
| Valeris, Inc. (fka Phantom Purchaser, Inc.) | First lien senior secured revolving loan | 9/2031 | — | 5,443 | (14) | ||
| Vessco Midco Holdings, LLC | First lien senior secured revolving loan | 7/2031 | — | 5,080 | — | ||
| Vital Bidco AB (dba Vitamin Well) | First lien senior secured revolving loan | 10/2030 | — | 14,522 | — | ||
| Wipfli Advisory LLC | First lien senior secured revolving loan | 10/2032 | — | 6,558 | (19) | ||
| Wrench Group LLC | First lien senior secured revolving loan | 9/2031 | 2,562 | 11,165 | — | ||
| WU Holdco, Inc. (dba PurposeBuilt Brands) | First lien senior secured revolving loan | 4/2032 | 609 | 6,492 | — | ||
| Zendesk, Inc. | First lien senior secured revolving loan | 11/2028 | — | 9,557 | — | ||
| Total non-controlled/non-affiliated - debt commitments | $381,852 | $1,511,879 | $(3,039) | ||||
| Unfunded | |||||||
|---|---|---|---|---|---|---|---|
| Company · Commitment Type · Commitment Expiration Date · Funded Commitment · Commitment · Fair Value(23) | |||||||
| Non-controlled/non-affiliated - equity commitments | |||||||
| Percheron Horsepower-A LP (dba Big Brand Tire & Service) | Limited Partner Interest | N/A | $12,207 | $2,006 | $— | ||
| Valor Compute Infrastructure L.P. | LP Interest | N/A | 1,583 | 2,940 | — | ||
| Total non-controlled/non-affiliated - equity commitments | $13,790 | $4,946 | $— | ||||
| Non-controlled/affiliated - debt commitments | |||||||
| Pluralsight, LLC | First lien senior secured delayed draw term loan | 8/2029 | $— | $9,524 | $(190) | ||
| Ideal Image Development, LLC | First lien senior secured revolving loan | 2/2029 | 4,821 | 1,887 | — | ||
| Ideal Image Development, LLC* | First lien senior secured revolving loan | 2/2029 | 468 | — | — | ||
| Pluralsight, LLC | First lien senior secured revolving loan | 8/2029 | — | 3,810 | (76) | ||
| Total non-controlled/affiliated - debt commitments | $5,289 | $15,221 | $(266) | ||||
| Controlled/affiliated - debt commitments | |||||||
| Walker Edison Furniture Company LLC | First lien senior secured delayed draw term loan | 3/2027 | $3,097 | $1,327 | $— | ||
| Walker Edison Furniture Company LLC | First lien senior secured delayed draw term loan | 2/2026 | — | 958 | (44) | ||
| Walker Edison Furniture Company LLC | First lien senior secured delayed draw term loan | 2/2026 | 1,531 | 1,228 | — | ||
| Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured revolving loan | 12/2030 | — | 8,601 | (43) | ||
| PS Operating Company LLC (fka QC Supply, LLC) | First lien senior secured revolving loan | 12/2026 | 4,594 | 1,500 | — | ||
| Swipe Acquisition Corporation (dba PLI) | First lien senior secured revolving loan | 11/2027 | 13,125 | 222 | — | ||
| Walker Edison Furniture Company LLC* | First lien senior secured revolving loan | 3/2027 | 14,575 | — | — | ||
| Total controlled/affiliated - debt commitments | $36,922 | $13,836 | $(87) | ||||
| Controlled/affiliated - equity commitments | |||||||
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC | Specialty finance equity investment | N/A | $30,937 | $45,278 | $— | ||
| Wingspire Capital Holdings LLC | Specialty finance equity investment | N/A | 500,552 | 4,448 | — | ||
| LSI Financing LLC | Specialty finance equity investment | N/A | 194,833 | 79,350 | — | ||
| Total controlled/affiliated - equity commitments | $726,322 | $129,076 | $— | ||||
| Total Portfolio Company Commitments | $1,164,175 | $1,674,958 | $(3,392) | ||||
*Fully funded
(23)The negative cost and fair value results from unamortized fees, which are capitalized to the investment cost of unfunded commitments.
(24)As defined in the 1940 Act, the Company is deemed to “control” a portfolio company if the Company owns more than 25% of the portfolio company's voting securities or has the power to exercise control over management or policies, including through a management agreement. As defined in the 1940 Act, the Company is an “affiliated person” of this portfolio company if the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions related to the Company’s investments in non-controlled affiliates and controlled affiliates for the year ended December 31, 2025, were as follows:
| Company | Fair value as of December 31, 2024 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gains (Losses) | Realized Gains (Losses) | Transfers | Fair value as of December 31, 2025 | Interest and PIK Income | Dividend Income | Other Income |
|---|---|---|---|---|---|---|---|---|---|---|
| Non - Controlled Affiliates | ||||||||||
| LSI Financing 1 DAC | $4,771 | $3,041 | $(1,001) | $(154) | $— | $— | $6,657 | $— | $555 | $— |
| LSI Financing LLC | 158,824 | — | — | — | — | (158,824) | — | — | — | — |
| Ideal Image Development, LLC | 16,183 | 27,789 | (6,618) | (35,956) | — | — | 1,398 | 289 | — | 27 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paradigmatic Holdco LLC (dba Pluralsight) | 55,282 | 13,840 | (114) | (24,798) | — | — | 44,210 | 4,231 | — | 95 | ||||||
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC) | — | 62,042 | — | (115) | — | — | 61,927 | — | 406 | — | ||||||
| Total | $235,060 | $106,712 | $(7,733) | $(61,023) | $— | $(158,824) | $114,192 | $4,520 | $961 | $122 | ||||||
| Controlled Affiliates | Fair value as of December 31, 2024 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gains (Losses) | Realized Gains (Losses) | Transfers | Fair value as of December 31, 2025 | Interest and PIK Income | Dividend Income | Other Income | ||||||
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(d) | $75,111 | $29,227 | $(1,290) | $6,022 | $— | — | $109,070 | $7,359 | $— | $— | ||||||
| AAM Series 2.1 Aviation Feeder, LLC(d) | 77,680 | 55,580 | (2,911) | 12,808 | — | — | 143,157 | 8,741 | — | — | ||||||
| Blue Owl Credit SLF LLC(c) | 295,476 | 127,929 | — | (8,157) | — | — | 415,248 | — | 41,392 | — | ||||||
| Blue Owl Leasing LLC(c) | — | 860 | — | (3) | — | — | 857 | — | — | — | ||||||
| Eagle Infrastructure Services, LLC | 111,801 | 349 | — | 33,372 | — | — | 145,522 | 10,824 | 4,738 | 50 | ||||||
| Fifth Season Investments LLC | 223,274 | 162,235 | — | 17,661 | — | — | 403,170 | — | 37,727 | — | ||||||
| LSI Financing LLC | — | 178,159 | (139,658) | 13,310 | — | 158,824 | 210,634 | — | 13,049 | — | ||||||
| New PLI Holdings, LLC (dba PLI) | 200,472 | 7,025 | (11) | (5,174) | — | — | 202,312 | 13,043 | 3,559 | 75 | ||||||
| Notorious Holdings LLC (dba Beauty Industry Group) | — | 105,222 | — | (71) | — | — | 105,151 | 270 | — | 2 | ||||||
| PS Operating Company LLC (fka QC Supply, LLC) | 2,916 | 995 | (1,836) | 2,079 | — | — | 4,154 | — | — | — | ||||||
| Walker Edison Furniture Company LLC | 12,411 | 11,997 | (1,783) | (7,603) | 65 | — | 15,087 | — | — | — | ||||||
| Wingspire Capital Holdings LLC | 508,887 | 75,147 | (6,000) | 29,250 | — | — | 607,284 | — | 45,872 | — | ||||||
| Total | $1,508,028 | $754,725 | $(153,489) | $93,494 | $65 | $158,824 | $2,361,646 | $40,237 | $146,337 | $127 | ||||||
(a)Gross additions may include increases in the cost basis of investments resulting from new investments, amounts related to PIK interest capitalized and added to the principal balance of the respective loans, the accretion of discounts, the exchange of one or more existing investments for one or more new investments from a different category.
(b)Gross reductions may include decreases in the cost basis of investments resulting from principal collections related to investment repayments and sales, return of capital, the amortization of premiums and the exchange of one or more existing securities for one or more new securities.
(c)For further description of the Company's investment in Credit SLF and Blue Owl Leasing see “Note 4 —Investments.”
(d)In connection with its investment in Amergin Assetco the Company made a minority investment in Amergin Asset Management, LLC, which has entered into a Servicing Agreement with Amergin Assetco.
(25)Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facilities and CLOs. See “Note 5 —Debt.”
(26)Investment is not pledged as collateral for the credit facilities.
(27)As of December 31, 2025, the net estimated unrealized loss for U.S. federal income tax purposes was $26.6 million based on a tax cost basis of $16.60 billion. As of December 31, 2025, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $572.2 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $545.6 million.
(28)Loan was on non-accrual status as of December 31, 2025.
(29)Non-income producing.
(30)Securities acquired in transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and may be deemed to be “restricted securities” under the Securities Act. As of December 31, 2025, the aggregate fair value of these securities is $3.02 billion or 40.8% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:
| Portfolio Company | Investment | Acquisition Date |
|---|---|---|
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC* | Specialty finance equity investment | 7/1/2022 |
| AAM Series 2.1 Aviation Feeder, LLC* | Specialty finance equity investment | 7/1/2022 |
| Alphasense, LLC | Series E Preferred Shares | 6/27/2024 |
| Amergin Asset Management, LLC | Specialty finance equity investment | 7/1/2022 |
| Accelerate Topco Holdings, LLC | Common Units | 9/1/2022 |
| ASP Conair Holdings LP | Class A Units | 5/17/2021 |
| Baypine Commander Co-Invest, LP | LP Interest | 6/24/2025 |
| BEHP Co-Investor II, L.P. | LP Interest | 5/11/2022 |
| Blend Labs, Inc. | Warrants | 7/2/2021 |
| Blue Owl Credit SLF LLC** | LLC Interest | 8/1/2024 |
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)* | Specialty finance equity investment | 8/20/2025 |
| Blue Owl Leasing LLC** | LLC Interest | 6/30/2025 |
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi) | Common Units | 10/1/2021 |
| CD&R Value Building Partners I, L.P. (dba Belron) | LP Interest | 12/2/2021 |
| Dodge Construction Network Holdings, L.P. | Class A-2 Common Units | 2/23/2022 |
| Dodge Construction Network Holdings, L.P. | Series A Preferred Units | 2/23/2022 |
| Eagle Infrastructure Services, LLC | Common Units | 3/31/2023 |
| Elliott Alto Co-Investor Aggregator L.P. | LP Interest | 9/27/2022 |
| Evolution Parent, LP (dba SIAA) | LP Interest | 4/30/2021 |
| Fifth Season Investments LLC* | Specialty finance equity investment | 7/18/2022 |
| Gloves Holdings, LP (dba Protective Industrial Products) | LP Interest | 12/29/2020 |
| GoHealth, Inc. | Common stock | 8/6/2025 |
| GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway) | LP Interest | 12/16/2021 |
| Hercules Buyer, LLC (dba The Vincit Group) | Common Units | 12/15/2020 |
| Hissho Sushi Holdings, LLC | Class A units | 5/17/2022 |
| Hockey Parent Holdings, L.P. | Class A Common Units | 9/14/2023 |
| Ideal Topco, L.P. | Class A-2 Common Units | 2/20/2024 |
| Ideal Topco, L.P. | Class A-1 Preferred Units | 2/20/2024 |
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC) | LP Interest | 6/8/2022 |
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.) | Perpetual Preferred Stock | 6/23/2022 |
| Portfolio Company | Investment | Acquisition Date |
|---|---|---|
| KOBHG Holdings, L.P. (dba OB Hospitalist) | Class A Interests | 9/27/2021 |
| KPCI Co-Invest 2, L.P. | Class A Units | 10/15/2025 |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) | Class A Interest | 11/30/2023 |
| LSI Financing 1 DAC* | Specialty finance equity investment | 12/14/2022 |
| LSI Financing LLC* | Specialty finance equity investment | 11/25/2024 |
| Maia Aggregator, LP | Class A-2 Units | 2/1/2022 |
| Metis HoldCo, Inc. (dba Mavis Tire Express Services) | Series A Convertible Preferred Stock | 5/4/2021 |
| Minerva Holdco, Inc. | Senior A Preferred Stock | 2/15/2022 |
| ModMed Software Midco Holdings, Inc. (dba ModMed) | Series A Preferred Units | 4/30/2025 |
| New PLI Holdings, LLC (dba PLI) | Class A Common Units | 12/23/2020 |
| Bird Holding B.V. (fka MessageBird Holding B.V.) | Extended Series C Warrants | 5/5/2021 |
| Notorious Purchaser II, Inc. (dba Beauty Industry Group) | Class B Common Stock | 12/19/2025 |
| Nscale Global Holdings Limited | Preferred equity | 9/29/2025 |
| Nscale Global Holdings Limited | Series B Preferred Shares | 9/29/2025 |
| Paradigmatic Holdco LLC (dba Pluralsight) | Common stock | 8/22/2024 |
| Patriot Holdings SCSp (dba Corza Health, Inc.) | Class A Units | 1/29/2021 |
| Patriot Holdings SCSp (dba Corza Health, Inc.) | Class B Units | 1/29/2021 |
| PCF Holdco, LLC (dba Trucordia) | Preferred equity | 2/16/2023 |
| PCF Holdco, LLC (dba Trucordia) | Warrants | 2/16/2023 |
| Percheron Horsepower-A LP (dba Big Brand Tire & Service) | Limited Partner Interest | 9/23/2025 |
| Project Alpine Co-Invest Fund, LP | LP Interest | 6/10/2022 |
| Project Hotel California Co-Invest Fund, L.P. | LP Interest | 8/9/2022 |
| PS Op Holdings LLC (fka QC Supply, LLC) | Class A Common Units | 12/21/2021 |
| Rhea Acquisition Holdings, LP | Series A-2 Units | 2/18/2022 |
| Rome Topco Holdings, LLC (dba SimpliSafe) | Class A Units | 11/6/2025 |
| Rome Topco Holdings, LLC (dba SimpliSafe) | Class B Units | 11/6/2025 |
| Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers) | Series A Preferred Stock | 11/15/2023 |
| Snowbird Manager LP | Limited Partner Interest | 12/18/2025 |
| Space Exploration Technologies Corp. | Class A Common Stock | 3/25/2021 |
| Space Exploration Technologies Corp. | Class C Common Stock | 3/25/2021 |
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.) | Series A Preferred Stock | 10/14/2021 |
| TCB Holdings I LLC (dba TricorBraun) | Class A Preferred Units | 1/31/2025 |
| Thunder Topco L.P. (dba Vector Solutions) | Common Units | 6/30/2021 |
| Valor Compute Infrastructure L.P. | LP Interest | 10/3/2025 |
| VCI Intermediate TopCo 1 LLC | Class B Units | 11/17/2025 |
| VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.) | Series A Preferred Stock | 10/15/2021 |
| Walker Edison Holdco LLC | Common Units | 3/1/2023 |
| Windows Entities | LLC Units | 1/16/2020 |
| Wingspire Capital Holdings LLC* | Specialty finance equity investment | 9/24/2019 |
| WMC Bidco, Inc. (dba West Monroe) | Senior Preferred Stock | 11/9/2021 |
| WP Irving Co-Invest, L.P. | Partnership Units | 5/18/2022 |
| XOMA Corporation | Warrants | 12/15/2023 |
| Zoro TopCo, Inc. | Series A Preferred Equity | 11/22/2022 |
| Zoro TopCo, L.P. | Class A Common Units | 11/22/2022 |
*Refer to “Note 3 —Agreements and Related Party Transactions – Controlled/Affiliated Portfolio Companies.”
** Refer to “Note 4 —Investments – Credit SLF LLC and Blue Owl Leasing”for further information.
(31)This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of December 31, 2025, non-qualifying assets represented 15.0% of total assets as calculated in accordance with the regulatory requirements.
(32)Investment represents multiple underlying investments in related entities under common management. These underlying investments are on identical terms and include Midwest Custom Windows, LLC with a fair value of $24.1 million, Greater Toronto Custom Windows, Corp. with a fair value of $10.0 million, Garden State Custom Windows, LLC with a fair value of $33.4 million, Long Island Custom Windows, LLC with a fair value of $28.9 million, Jemico, LLC with a fair value of $23.2 million, Atlanta Custom Windows, LLC with a fair value of $11.5 million and Fairchester Custom Windows with a fair value of $7.6 million as of December 31, 2025. Greater Toronto Custom Windows, Corp. is considered a non-qualifying asset.
(33)The Company invests in this portfolio company through underlying blocker entities Hercules Blocker 1 LLC, Hercules Blocker 2 LLC, Hercules Blocker 3 LLC, Hercules Blocker 4 LLC, and Hercules Blocker 5 LLC.
(34)BOCSO 2025 was formed to hold alternative credit assets, including ABF. ABF is a subsector of private credit focused on generating income from pools of financial, physical or other assets. As of December 31, 2025, the portfolio consists of three investments totaling $0.50 billion at cost and fair value, respectively, ranging in cost from $24.8 million to $304.4 million and with a fair value ranging from $24.8 million to $303.9 million. The largest investment is 62.0% of the total cost of BOCSO 2025's portfolio. As of December 31, 2025 the portfolio asset class composition was 62.0% ABF - Specialty finance,33.0% ABF - Leasing, and 5.0% ABF - Commercial Real Estate.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.