Blue Owl Technology Finance Corp
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 6, 2024
OTF$9.70-1.3%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 December 31, 202 &
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Non-controlled/non-affiliated portfolio company investments | ||||||||
| Debt Investments | ||||||||
| Aerospace & defense | ||||||||
| Peraton Corp.(3)(6)(9)(14) | Second lien senior secured loan | SR + | 7.75% | 02/2029 | 84,551 | 83,621 | 83,916 | 2.4% |
| ManTech International Corporation(6)(9)(14) | First lien senior secured loan | SR + | 5.75% | 09/2029 | 6,685 | 6,570 | 6,635 | 0.2% |
| ManTech International Corporation(6)(9)(14)(15)(17) | First lien senior secured delayed draw term loan | SR + | 5.75% | 09/2024 | 567 | 548 | 563 | —% |
| ManTech International Corporation(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 5.75% | 09/2028 | — | (13) | (6) | —% |
| 91,803 | 90,726 | 91,108 | 2.6% | |||||
| Application Software | ||||||||
| Anaplan, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 6.50% | 06/2029 | 49,219 | 48,808 | 49,219 | 1.4% |
| Anaplan, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.50% | 06/2028 | — | (26) | — | —% |
| Armstrong Bidco Limited(6)(11)(14)(24) | First lien senior secured loan | SA + | 5.25% | 06/2029 | £8,087 | 9,741 | 10,232 | 0.3% |
| Avalara, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 7.25% | 10/2028 | 9,091 | 8,975 | 9,045 | 0.3% |
| Avalara, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 7.25% | 10/2028 | — | (11) | (5) | —% |
| Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(6)(9)(14) | First lien senior secured loan | SR + | 5.50% | 08/2027 | 77,218 | 75,962 | 74,515 | 2.1% |
| Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(6)(9)(14)(15) | First lien senior secured revolving loan | SR + | 5.50% | 08/2027 | 2,338 | 2,237 | 2,101 | 0.1% |
| CivicPlus, LLC(6)(9)(14) | First lien senior secured loan | SR + | 6.50% (2.50% PIK) | 08/2027 | 67,293 | 66,843 | 67,293 | 1.9% |
| CivicPlus, LLC(6)(8)(14)(15) | First lien senior secured revolving loan | SR + | 6.00% | 08/2027 | 1,586 | 1,556 | 1,586 | —% |
| Coupa Holdings, LLC(6)(8)(14) | First lien senior secured loan | SR + | 7.50% | 02/2030 | 785 | 767 | 770 | —% |
| Coupa Holdings, LLC(6)(14)(15)(16)(17) | First lien senior secured delayed draw term loan | SR + | 7.50% | 08/2024 | — | (1) | (1) | —% |
| Coupa Holdings, LLC(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 7.50% | 02/2029 | — | (1) | (1) | —% |
| CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(6)(8)(14) | Unsecured notes | SR + | 11.75% PIK | 06/2034 | 39,383 | 38,565 | 39,284 | 1.1% |
| Community Brands ParentCo, LLC(6)(8)(14) | First lien senior secured loan | SR + | 5.50% | 02/2028 | 12,527 | 12,342 | 12,402 | 0.4% |
| Community Brands ParentCo, LLC(6)(14)(15)(16)(17) | First lien senior secured delayed draw term loan | SR + | 5.50% | 02/2024 | — | (10) | — | —% |
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Community Brands ParentCo, LLC(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 5.50% | 02/2028 | — | (10) | (8) | —% |
| Diamondback Acquisition, Inc. (dba Sphera)(6)(8)(14) | First lien senior secured loan | SR + | 5.50% | 09/2028 | 76,649 | 75,525 | 75,499 | 2.1% |
| Diligent Corporation(6)(9) | First lien senior secured loan | SR + | 6.25% | 08/2025 | 24,623 | 24,250 | 24,315 | 0.7% |
| Diligent Corporation(6)(9)(15) | First lien senior secured revolving loan | SR + | 6.25% | 08/2025 | 823 | 810 | 803 | —% |
| Fullsteam Operations, LLC(6)(9)(14) | First lien senior secured loan | SR + | 8.25% | 11/2029 | 10,593 | 10,278 | 10,275 | 0.3% |
| Fullsteam Operations, LLC(6)(9)(14)(15)(17) | First lien senior secured delayed draw term loan | SR + | 8.25% | 05/2025 | 1,009 | 923 | 922 | —% |
| Fullsteam Operations, LLC(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 8.25% | 11/2029 | — | (17) | (18) | —% |
| Gainsight, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 6.75% PIK | 07/2027 | 61,814 | 61,212 | 61,196 | 1.7% |
| Gainsight, Inc.(6)(9)(14)(15) | First lien senior secured revolving loan | SR + | 6.75% PIK | 07/2027 | 2,676 | 2,621 | 2,622 | 0.1% |
| Granicus, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 5.50% | 01/2027 | 35,152 | 34,686 | 35,064 | 1.0% |
| Granicus, Inc.(6)(9)(14)(15) | First lien senior secured revolving loan | SR + | 6.50% | 01/2027 | 546 | 514 | 539 | —% |
| Grayshift, LLC(6)(8)(14)(24) | First lien senior secured loan | SR + | 8.00% | 07/2028 | 21,062 | 20,819 | 20,747 | 0.6% |
| Grayshift, LLC(6)(14)(15)(16)(24) | First lien senior secured revolving loan | SR + | 8.00% | 07/2028 | — | (7) | (15) | —% |
| GS Acquisitionco, Inc. (dba insightsoftware)(6)(9)(14) | First lien senior secured loan | SR + | 5.50% | 05/2026 | 49,021 | 48,785 | 48,899 | 1.4% |
| GS Acquisitionco, Inc. (dba insightsoftware)(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 5.50% | 05/2026 | — | (13) | (8) | —% |
| MessageBird BidCo B.V.(6)(8)(14)(24) | First lien senior secured loan | SR + | 6.75% | 05/2027 | 60,000 | 59,172 | 59,850 | 1.7% |
| Ministry Brands Holdings, LLC(6)(8)(14) | First lien senior secured loan | SR + | 5.50% | 12/2028 | 8,309 | 8,183 | 8,143 | 0.2% |
| Ministry Brands Holdings, LLC(6)(8)(14)(15) | First lien senior secured revolving loan | SR + | 5.50% | 12/2027 | 393 | 383 | 378 | —% |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E)(6)(9)(14) | First lien senior secured loan | SR + | 5.75% | 03/2028 | 10,366 | 10,207 | 10,237 | 0.3% |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E)(6)(9)(14)(15)(17) | First lien senior secured delayed draw term loan | SR + | 5.75% | 10/2025 | 377 | 359 | 373 | —% |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E)(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 5.75% | 03/2028 | — | (24) | (21) | —% |
| Velocity HoldCo III Inc. (dba VelocityEHS)(6)(9)(14) | First lien senior secured loan | SR + | 5.75% | 04/2027 | 40,625 | 40,064 | 40,625 | 1.2% |
| Velocity HoldCo III Inc. (dba VelocityEHS)(6)(9)(14)(15) | First lien senior secured revolving loan | SR + | 5.75% | 04/2026 | 313 | 287 | 313 | —% |
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Zendesk, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 6.25% (3.25% PIK) | 11/2028 | 53,033 | 52,152 | 52,370 | 1.5% |
| Zendesk, Inc.(6)(14)(15)(16)(17) | First lien senior secured delayed draw term loan | SR + | 6.25% | 11/2024 | — | (392) | (32) | —% |
| Zendesk, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.25% | 11/2028 | — | (87) | (67) | —% |
| 724,911 | 716,427 | 719,441 | 20.4% | |||||
| Banks | ||||||||
| Finastra USA, Inc.(6)(10)(14)(24) | First lien senior secured loan | SR + | 7.25% | 09/2029 | 72,084 | 71,363 | 71,363 | 2.0% |
| Finastra USA, Inc.(6)(8)(14)(15)(24) | First lien senior secured revolving loan | SR + | 7.25% | 09/2029 | 1,979 | 1,904 | 1,904 | 0.1% |
| 74,063 | 73,267 | 73,267 | 2.1% | |||||
| Building products | ||||||||
| EET Buyer, Inc. (dba e-Emphasys)(6)(9)(14) | First lien senior secured loan | SR + | 6.50% | 11/2027 | 54,261 | 53,822 | 54,261 | 1.5% |
| EET Buyer, Inc. (dba e-Emphasys)(6)(10)(14)(15) | First lien senior secured revolving loan | SR + | 6.50% | 11/2027 | 1,070 | 1,030 | 1,070 | —% |
| 55,331 | 54,852 | 55,331 | 1.5% | |||||
| Commercial Services & Supplies | ||||||||
| SimpliSafe Holding Corporation(6)(8)(14) | First lien senior secured loan | SR + | 6.25% | 05/2028 | 811 | 798 | 803 | —% |
| SimpliSafe Holding Corporation(6)(8)(14)(15)(17) | First lien senior secured delayed draw term loan | SR + | 6.25% | 05/2024 | 27 | 26 | 27 | —% |
| 838 | 824 | 830 | —% | |||||
| Consumer Finance | ||||||||
| Affirm, Inc.(3)(14)(24)(25) | Senior convertible notes | N/A | 11/2026 | 25,000 | 19,180 | 20,455 | 0.6% | |
| 25,000 | 19,180 | 20,455 | 0.6% | |||||
| Diversified Consumer Services | ||||||||
| Litera Bidco LLC(6)(8)(14) | First lien senior secured loan | SR + | 5.25% | 05/2026 | 151,852 | 150,878 | 151,852 | 4.3% |
| Litera Bidco LLC(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 5.25% | 05/2025 | — | (26) | — | —% |
| Relativity ODA LLC(6)(8)(14) | First lien senior secured loan | SR + | 6.50% | 05/2027 | 131,681 | 130,621 | 131,681 | 3.7% |
| Relativity ODA LLC(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.50% | 05/2027 | — | (95) | — | —% |
| Transact Holdings Inc.(3)(6)(8)(14) | First lien senior secured loan | SR + | 4.25% | 04/2026 | 8,521 | 8,472 | 8,521 | 0.2% |
| 292,054 | 289,850 | 292,054 | 8.2% | |||||
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Diversified Financial Services | ||||||||
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(14)(27) | First lien senior secured loan | 12.00% PIK | 07/2030 | 2,196 | 2,196 | 2,196 | 0.1% | |
| AAM Series 2.1 Aviation Feeder, LLC(14)(27) | First lien senior secured loan | 12.00% PIK | 11/2030 | 2,609 | 2,609 | 2,609 | 0.1% | |
| Computer Services, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 6.75% | 11/2029 | 1,160 | 1,140 | 1,158 | —% |
| BTRS HOLDINGS INC.(6)(9)(14) | First lien senior secured loan | SR + | 8.00% | 12/2028 | 839 | 817 | 827 | —% |
| BTRS HOLDINGS INC.(6)(9)(14)(15)(17) | First lien senior secured delayed draw term loan | SR + | 8.00% | 12/2024 | 35 | 35 | 34 | —% |
| BTRS HOLDINGS INC.(6)(9)(14)(15) | First lien senior secured revolving loan | SR + | 7.25% | 12/2028 | 22 | 20 | 21 | —% |
| Hg Genesis 8 Sumoco Limited(6)(11)(14)(24) | Unsecured facility | SA + | 6.00% PIK | 09/2025 | £64,840 | 85,302 | 82,658 | 2.3% |
| Hg Genesis 9 SumoCo Limited(6)(12)(14)(24) | Unsecured facility | E + | 7.00% PIK | 03/2027 | €8,247 | 9,027 | 9,110 | 0.3% |
| Hg Saturn Luchaco Limited(6)(11)(14)(24) | Unsecured facility | SA + | 7.50% PIK | 03/2026 | £105,882 | 142,649 | 134,978 | 3.8% |
| NMI Acquisitionco, Inc. (dba Network Merchants)(6)(8)(14) | First lien senior secured loan | SR + | 5.75% | 09/2025 | 24,607 | 24,453 | 24,484 | 0.7% |
| NMI Acquisitionco, Inc. (dba Network Merchants)(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 5.75% | 09/2025 | — | (7) | (6) | —% |
| Smarsh Inc.(6)(9)(14) | First lien senior secured loan | SR + | 5.75% | 02/2029 | 44,190 | 43,840 | 44,080 | 1.2% |
| Smarsh Inc.(6)(9)(14)(15)(17) | First lien senior secured delayed draw term loan | SR + | 5.75% | 02/2024 | 5,524 | 5,438 | 5,510 | 0.2% |
| Smarsh Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 5.75% | 02/2029 | — | (3) | (1) | —% |
| 260,151 | 317,516 | 307,658 | 8.7% | |||||
| Electrical Equipment | ||||||||
| BCPE Watson (DE) ORML, LP(6)(10)(14)(20)(24) | First lien senior secured loan | SR + | 6.50% | 07/2028 | 50,000 | 49,598 | 49,750 | 1.5% |
| 50,000 | 49,598 | 49,750 | 1.5% | |||||
| Energy Equipment & Services | ||||||||
| 3ES Innovation Inc. (dba Aucerna)(6)(9)(14)(24) | First lien senior secured loan | SR + | 6.75% | 05/2025 | 70,601 | 70,324 | 70,601 | 2.0% |
| 3ES Innovation Inc. (dba Aucerna)(6)(8)(14)(15)(24) | First lien senior secured revolving loan | SR + | 6.75% | 05/2025 | 3,000 | 2,987 | 3,000 | 0.1% |
| Project Power Buyer, LLC (dba PEC-Veriforce)(6)(9)(14) | First lien senior secured loan | SR + | 7.00% | 05/2026 | 51,972 | 51,680 | 51,712 | 1.5% |
| Project Power Buyer, LLC (dba PEC-Veriforce)(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 7.00% | 05/2025 | — | (11) | (19) | —% |
| 125,573 | 124,980 | 125,294 | 3.6% | |||||
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Food & Staples Retailing | ||||||||
| Circana Group, L.P. (fka The NPD Group, L.P.)(6)(8)(14) | First lien senior secured loan | SR + | 6.25% (2.75% PIK) | 12/2028 | 24,164 | 23,764 | 23,923 | 0.7% |
| Circana Group, L.P. (fka The NPD Group, L.P.)(6)(8)(14)(15) | First lien senior secured revolving loan | SR + | 5.75% | 12/2027 | 272 | 250 | 257 | —% |
| 24,436 | 24,014 | 24,180 | 0.7% | |||||
| Health Care Providers & Services | ||||||||
| KWOL Acquisition Inc.(6)(10)(14) | First lien senior secured loan | SR + | 6.25% | 12/2029 | 21,635 | 21,209 | 21,206 | 0.6% |
| KWOL Acquisition Inc.(6)(10)(14)(15) | First lien senior secured revolving loan | SR + | 6.25% | 12/2029 | 881 | 824 | 823 | —% |
| PetVet Care Centers, LLC(6)(8)(14) | First lien senior secured loan | SR + | 6.00% | 11/2030 | 39,250 | 38,863 | 38,838 | 1.1% |
| PetVet Care Centers, LLC(6)(14)(15)(16)(17) | First lien senior secured delayed draw term loan | SR + | 6.00% | 11/2025 | — | (25) | (3) | —% |
| PetVet Care Centers, LLC(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.00% | 11/2029 | — | (57) | (56) | —% |
| 61,766 | 60,814 | 60,808 | 1.7% | |||||
| Health Care Technology | ||||||||
| BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(9)(14) | First lien senior secured loan | SR + | 5.75% | 08/2028 | 121,316 | 119,884 | 119,799 | 3.4% |
| BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(14)(15)(16)(17) | First lien senior secured delayed draw term loan | SR + | 5.75% | 10/2025 | — | (252) | (66) | —% |
| BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(8)(14)(15) | First lien senior secured revolving loan | SR + | 5.75% | 08/2026 | 3,805 | 3,694 | 3,653 | 0.1% |
| Datix Bidco Limited (dba RLDatix)(6)(11)(14)(24) | First lien senior secured GBP term loan | SA + | 4.50% | 04/2025 | £637 | 869 | 813 | —% |
| Datix Bidco Limited (dba RLDatix)(6)(11)(14)(24) | Second lien senior secured GBP term loan | SA + | 7.75% | 04/2026 | £6,667 | 9,066 | 8,499 | 0.2% |
| GI Ranger Intermediate, LLC (dba Rectangle Health)(6)(9)(14) | First lien senior secured loan | SR + | 5.75% | 10/2028 | 27,233 | 26,826 | 26,825 | 0.8% |
| GI Ranger Intermediate, LLC (dba Rectangle Health)(6)(9)(14)(15) | First lien senior secured revolving loan | SR + | 5.75% | 10/2027 | 1,327 | 1,299 | 1,294 | —% |
| Greenway Health, LLC(6)(10)(14) | First lien senior secured loan | SR + | 6.75% | 04/2029 | 8,751 | 8,490 | 8,489 | 0.2% |
| Hyland Software, Inc.(6)(8)(14) | First lien senior secured loan | SR + | 6.00% | 09/2030 | 85,887 | 84,635 | 84,599 | 2.4% |
| Hyland Software, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.00% | 09/2029 | — | (58) | (61) | —% |
| Indikami Bidco, LLC(6)(8)(14) | First lien senior secured loan | SR + | 6.00% | 12/2030 | 47,897 | 46,823 | 46,820 | 1.3% |
| Indikami Bidco, LLC(6)(14)(15)(16)(17) | First lien senior secured delayed draw term loan | SR + | 6.00% | 12/2025 | — | (68) | (52) | —% |
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Indikami Bidco, LLC(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.00% | 06/2030 | — | (134) | (135) | —% |
| Imprivata, Inc.(6)(9)(14) | Second lien senior secured loan | SR + | 6.25% | 12/2028 | 17,647 | 17,470 | 17,647 | 0.5% |
| Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(6)(9)(14)(24) | First lien senior secured loan | SR + | 6.50% | 08/2026 | 155,471 | 154,461 | 151,195 | 4.3% |
| Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(6)(9)(14)(24) | First lien senior secured revolving loan | SR + | 6.50% | 08/2026 | 10,847 | 10,759 | 10,549 | 0.3% |
| Interoperability Bidco, Inc. (dba Lyniate)(6)(9)(14) | First lien senior secured loan | SR + | 7.00% | 12/2026 | 84,580 | 84,217 | 83,311 | 2.4% |
| Interoperability Bidco, Inc. (dba Lyniate)(6)(9)(14)(15) | First lien senior secured revolving loan | SR + | 7.00% | 12/2024 | 2,843 | 2,811 | 2,742 | 0.1% |
| Inovalon Holdings, Inc.(6)(8)(14) | First lien senior secured loan | SR + | 6.25% (2.75% PIK) | 11/2028 | 137,232 | 134,800 | 135,516 | 3.8% |
| Inovalon Holdings, Inc.(6)(14)(15)(16)(17) | First lien senior secured delayed draw term loan | SR + | 5.75% | 05/2024 | — | (121) | — | —% |
| Inovalon Holdings, Inc.(6)(8)(14) | Second lien senior secured loan | SR + | 10.50% PIK | 11/2033 | 82,583 | 81,449 | 81,757 | 2.3% |
| Neptune Holdings, Inc. (dba NexTech)(6)(10)(14) | First lien senior secured loan | SR + | 6.00% | 08/2030 | 4,412 | 4,305 | 4,301 | 0.1% |
| Neptune Holdings, Inc. (dba NexTech)(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.00% | 08/2029 | — | (14) | (15) | —% |
| RL Datix Holdings (USA), Inc.(6)(10)(14)(17)(24) | First lien senior secured delayed draw term loan | SR + | 4.50% | 04/2025 | 14,600 | 14,440 | 14,600 | 0.4% |
| RL Datix Holdings (USA), Inc.(6)(10)(14)(15)(24) | First lien senior secured revolving loan | SR + | 4.50% | 10/2024 | 1,222 | 1,204 | 1,222 | —% |
| RL Datix Holdings (USA), Inc.(6)(10)(14)(24) | Second lien senior secured loan | SR + | 7.75% | 04/2026 | 22,333 | 22,029 | 22,333 | 0.6% |
| 837,290 | 828,884 | 825,635 | 23.2% | |||||
| Hotels, Restaurants & Leisure | ||||||||
| MINDBODY, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 7.00% | 02/2025 | 76,739 | 76,538 | 76,356 | 2.2% |
| MINDBODY, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 7.00% | 02/2025 | — | (13) | (36) | —% |
| 76,739 | 76,525 | 76,320 | 2.2% | |||||
| Household Durables | ||||||||
| BCTO BSI Buyer, Inc. (dba Buildertrend)(6)(9)(14) | First lien senior secured loan | SR + | 7.50% PIK | 12/2026 | 78,695 | 78,233 | 78,695 | 2.2% |
| BCTO BSI Buyer, Inc. (dba Buildertrend)(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 7.50% | 12/2026 | — | (88) | — | —% |
| 78,695 | 78,145 | 78,695 | 2.2% | |||||
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Industrial Conglomerates | ||||||||
| QAD, Inc.(6)(8)(14) | First lien senior secured loan | SR + | 5.38% | 11/2027 | 87,021 | 85,807 | 85,716 | 2.4% |
| QAD, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 5.38% | 11/2027 | — | (146) | (171) | —% |
| 87,021 | 85,661 | 85,545 | 2.4% | |||||
| Insurance | ||||||||
| Asurion, LLC(3)(6)(8)(14) | Second lien senior secured loan | SR + | 5.25% | 01/2028 | 10,833 | 10,666 | 10,300 | 0.3% |
| Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(6)(9)(14) | First lien senior secured loan | SR + | 7.50% | 03/2029 | 909 | 888 | 895 | —% |
| Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 7.50% | 03/2029 | — | (2) | (1) | —% |
| Integrity Marketing Acquisition, LLC(6)(9)(14) | First lien senior secured loan | SR + | 5.80% | 08/2026 | 39,676 | 39,577 | 39,676 | 1.1% |
| Integrity Marketing Acquisition, LLC(6)(9)(14)(15)(17) | First lien senior secured delayed draw term loan | SR + | 6.00% | 02/2025 | 1,030 | 960 | 1,030 | —% |
| Integrity Marketing Acquisition, LLC(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.50% | 08/2026 | — | (14) | — | —% |
| 52,448 | 52,075 | 51,900 | 1.4% | |||||
| IT Services | ||||||||
| Kaseya Inc.(6)(9)(14) | First lien senior secured loan | SR + | 6.25% (2.50% PIK) | 06/2029 | 15,744 | 15,484 | 15,704 | 0.4% |
| Kaseya Inc.(6)(9)(14)(15)(17) | First lien senior secured delayed draw term loan | SR + | 6.25% (2.50% PIK) | 06/2024 | 58 | 50 | 58 | —% |
| Kaseya Inc.(6)(8)(14)(15) | First lien senior secured revolving loan | SR + | 5.50% | 06/2029 | 239 | 224 | 236 | —% |
| Pluralsight, LLC(6)(9)(14) | First lien senior secured loan | SR + | 8.00% | 04/2027 | 159,494 | 158,548 | 154,311 | 4.4% |
| Pluralsight, LLC(6)(9)(14)(15) | First lien senior secured revolving loan | SR + | 8.00% | 04/2027 | 7,770 | 7,727 | 7,445 | 0.2% |
| 183,305 | 182,033 | 177,754 | 5.0% | |||||
| Life Sciences Tools & Services | ||||||||
| Bamboo US BidCo LLC(6)(12)(14) | First lien senior secured EUR term loan | E + | 6.00% | 09/2030 | €3,063 | 3,148 | 3,282 | 0.1% |
| Bamboo US BidCo LLC(6)(9)(14) | First lien senior secured loan | SR + | 6.00% | 09/2030 | 4,923 | 4,779 | 4,775 | 0.1% |
| Bamboo US BidCo LLC(6)(8)(14)(15)(17) | First lien senior secured delayed draw term loan | SR + | 6.00% | 03/2025 | 53 | 41 | 40 | —% |
| Bamboo US BidCo LLC(6)(14)(15)(16) | First lien senior secured revolving loan | E + | 6.00% | 10/2029 | — | (29) | (31) | —% |
| 8,039 | 7,939 | 8,066 | 0.2% | |||||
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Pharmaceuticals | ||||||||
| XRL 1 LLC (f/k/a XOMA)(14)(27) | First lien senior secured loan | 9.88% | 12/2038 | 13,000 | 12,725 | 12,708 | 0.4% | |
| XRL 1 LLC (f/k/a XOMA)(14)(15)(16)(17)(27) | First lien senior secured delayed draw term loan | 9.88% | 12/2025 | — | (15) | (23) | —% | |
| 13,000 | 12,710 | 12,685 | 0.4% | |||||
| Professional Services | ||||||||
| Certinia, Inc.(6)(10)(14) | First lien senior secured loan | SR + | 7.25% | 08/2029 | 22,059 | 21,639 | 21,618 | 0.6% |
| Certinia, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 7.25% | 08/2029 | — | (55) | (59) | —% |
| Cornerstone OnDemand, Inc.(6)(8)(14) | Second lien senior secured loan | SR + | 6.50% | 10/2029 | 71,667 | 70,816 | 67,367 | 1.9% |
| Gerson Lehrman Group, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 5.25% | 12/2024 | 80,348 | 80,125 | 80,348 | 2.3% |
| Gerson Lehrman Group, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 5.25% | 12/2024 | — | (6) | — | —% |
| Motus Group, LLC(6)(8)(14) | Second lien senior secured loan | SR + | 6.50% | 12/2029 | 17,868 | 17,723 | 17,689 | 0.5% |
| Proofpoint, Inc.(3)(6)(8)(14) | Second lien senior secured loan | SR + | 6.25% | 08/2029 | 55,000 | 54,786 | 55,413 | 1.6% |
| Thunder Purchaser, Inc. (dba Vector Solutions)(6)(9)(14) | First lien senior secured loan | SR + | 5.75% | 06/2028 | 140,839 | 139,842 | 140,134 | 4.0% |
| Thunder Purchaser, Inc. (dba Vector Solutions)(6)(9)(14)(15) | First lien senior secured revolving loan | SR + | 5.75% | 06/2027 | 6,637 | 6,559 | 6,581 | 0.2% |
| When I Work, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 7.00% PIK | 11/2027 | 33,813 | 33,604 | 33,221 | 0.9% |
| When I Work, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.00% | 11/2027 | — | (36) | (98) | —% |
| 428,231 | 424,997 | 422,214 | 12.0% | |||||
| Real Estate Management & Development | ||||||||
| Entrata, Inc.(6)(8)(14) | First lien senior secured loan | SR + | 6.00% | 07/2030 | 897 | 885 | 884 | —% |
| Entrata, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.00% | 07/2028 | — | (1) | (2) | —% |
| REALPAGE, INC.(3)(6)(8)(14) | Second lien senior secured loan | SR + | 6.50% | 04/2029 | 52,500 | 51,920 | 52,369 | 1.5% |
| 53,397 | 52,804 | 53,251 | 1.5% | |||||
| Systems Software | ||||||||
| Acquia Inc.(6)(10) | First lien senior secured loan | SR + | 7.00% | 10/2025 | 176,509 | 175,657 | 176,509 | 5.0% |
| Acquia Inc.(6)(10)(15) | First lien senior secured revolving loan | SR + | 7.00% | 10/2025 | 5,800 | 5,764 | 5,800 | 0.2% |
| Activate Holdings (US) Corp. (dba Absolute Software)(6)(9)(14)(24) | First lien senior secured loan | SR + | 6.75% | 07/2030 | 4,636 | 4,515 | 4,520 | 0.1% |
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Activate Holdings (US) Corp. (dba Absolute Software)(6)(9)(14)(15)(24) | First lien senior secured revolving loan | SR + | 6.75% | 07/2030 | 70 | 61 | 62 | —% |
| Arctic Wolf Networks, Inc.(14)(27) | Senior convertible notes | 3.00% PIK | 09/2027 | 124,092 | 141,700 | 141,377 | 4.1% | |
| Bayshore Intermediate #2, L.P. (dba Boomi)(6)(9)(14) | First lien senior secured loan | SR + | 7.50% PIK | 10/2028 | 178,644 | 176,263 | 176,413 | 5.0% |
| Bayshore Intermediate #2, L.P. (dba Boomi)(6)(9)(14)(15) | First lien senior secured revolving loan | SR + | 6.75% | 10/2027 | 2,339 | 2,174 | 2,193 | 0.1% |
| Delinea Buyer, Inc. (f/k/a Centrify)(6)(9)(14) | First lien senior secured loan | SR + | 5.75% | 03/2028 | 78,494 | 77,184 | 78,102 | 2.2% |
| Delinea Buyer, Inc. (f/k/a Centrify)(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 5.75% | 03/2027 | — | (127) | (41) | —% |
| Crewline Buyer, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 6.75% | 11/2030 | 90,566 | 89,227 | 89,208 | 2.5% |
| Crewline Buyer, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.75% | 11/2030 | — | (139) | (142) | —% |
| Exabeam, Inc.(27) | First lien senior secured loan | 12.00% | 05/2028 | 40,000 | 39,640 | 30,400 | 0.9% | |
| Forescout Technologies, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 8.00% | 08/2026 | 69,292 | 68,870 | 69,638 | 2.0% |
| Forescout Technologies, Inc.(6)(14)(15)(16)(17) | First lien senior secured delayed draw term loan | SR + | 8.00% | 07/2024 | — | (103) | — | —% |
| Forescout Technologies, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 8.00% | 08/2026 | — | (47) | — | —% |
| Delta TopCo, Inc. (dba Infoblox, Inc.)(6)(9)(14) | Second lien senior secured loan | SR + | 7.25% | 12/2028 | 20,000 | 19,931 | 20,000 | 0.6% |
| H&F Opportunities LUX III S.À R.L (dba Checkmarx)(6)(8)(14)(24) | First lien senior secured loan | SR + | 7.50% | 04/2026 | 148,889 | 146,888 | 148,889 | 4.2% |
| H&F Opportunities LUX III S.À R.L (dba Checkmarx)(6)(14)(15)(16)(24) | First lien senior secured revolving loan | SR + | 7.50% | 04/2026 | — | (286) | — | —% |
| Ivanti Software, Inc.(3)(6)(9)(14) | Second lien senior secured loan | SR + | 7.25% | 12/2028 | 21,000 | 20,560 | 16,800 | 0.5% |
| Oranje Holdco, Inc. (dba KnowBe4)(6)(9)(14) | First lien senior secured loan | SR + | 7.50% | 02/2029 | 12,818 | 12,647 | 12,690 | 0.4% |
| Oranje Holdco, Inc. (dba KnowBe4)(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 7.50% | 02/2029 | — | (20) | (16) | —% |
| Ping Identity Holding Corp.(6)(8)(14) | First lien senior secured loan | SR + | 7.00% | 10/2029 | 909 | 897 | 905 | —% |
| Ping Identity Holding Corp.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 7.00% | 10/2028 | — | (1) | — | —% |
| Rubrik, Inc.(6)(9)(14) | First lien senior secured term loan | SR + | 7.00% | 08/2028 | 10,394 | 10,268 | 10,290 | 0.3% |
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rubrik, Inc.(6)(9)(14)(15)(17) | First lien senior secured delayed draw term loan | SR + | 7.00% | 08/2028 | 147 | 130 | 132 | —% | |||
| SailPoint Technologies Holdings, Inc.(6)(8)(14) | First lien senior secured loan | SR + | 6.00% | 08/2029 | 45,640 | 44,815 | 45,298 | 1.3% | |||
| SailPoint Technologies Holdings, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.00% | 08/2028 | — | (67) | (33) | —% | |||
| Securonix, Inc.(6)(9)(14) | First lien senior secured loan | SR + | 6.00% | 04/2028 | 19,774 | 19,622 | 18,538 | 0.5% | |||
| Securonix, Inc.(6)(14)(15)(16) | First lien senior secured revolving loan | SR + | 6.50% | 04/2028 | — | (25) | (222) | —% | |||
| Sitecore Holding III A/S(6)(10)(14) | First lien senior secured loan | SR + | 7.50% (4.25% PIK) | 03/2029 | 9,035 | 8,969 | 8,968 | 0.3% | |||
| Sitecore USA, Inc.(6)(10)(14) | First lien senior secured loan | SR + | 7.50% (4.25% PIK) | 03/2029 | 54,474 | 54,070 | 54,065 | 1.5% | |||
| Sitecore Holding III A/S(6)(13)(14) | First lien senior secured EUR term loan | E + | 7.50% (4.25% PIK) | 03/2029 | €53,086 | 55,526 | 58,201 | 1.6% | |||
| Talon MidCo 2 Limited(6)(9)(14)(24) | First lien senior secured loan | SR + | 7.69% | 08/2028 | 2,650 | 2,607 | 2,617 | 0.1% | |||
| Talon MidCo 2 Limited(6)(14)(15)(17)(24) | First lien senior secured delayed draw term loan | SR + | 7.69% | 08/2024 | — | — | — | —% | |||
| Talon MidCo 2 Limited(6)(14)(15)(16)(24) | First lien senior secured revolving loan | SR + | 7.69% | 08/2028 | — | (2) | (1) | —% | |||
| 1,169,258 | 1,177,168 | 1,171,160 | 33.4% | ||||||||
| Thrifts & Mortgage Finance | |||||||||||
| Blend Labs, Inc.(6)(8)(14) | First lien senior secured loan | SR + | 7.50% | 06/2026 | 70,000 | 69,043 | 68,250 | 1.9% | |||
| 70,000 | 69,043 | 68,250 | 1.9% | ||||||||
| Total non-controlled/non-affiliated portfolio company debt investments | $4,843,349 | $4,870,032 | $4,851,651 | 137.4% | |||||||
| Equity Investments | |||||||||||
| Aerospace & Defense | |||||||||||
| Space Exploration Technologies Corp.(14)(18)(25) | Class A Common Stock | N/A | N/A | 419,311 | 23,013 | 38,576 | 1.1% | ||||
| Space Exploration Technologies Corp.(14)(18)(25) | Class C Common Stock | N/A | N/A | 84,250 | 4,011 | 7,750 | 0.2% | ||||
| 27,024 | 46,326 | 1.3% | |||||||||
| Application Software | |||||||||||
| 6Sense Insights, Inc.(14)(18)(25) | Series E-1 Preferred Stock | N/A | N/A | 1,264,514 | 40,066 | 33,456 | 0.9% | ||||
| Alpha Partners Technology Merger Corp(18)(24)(25) | Common Stock Warrants | N/A | N/A | 666,666 | — | — | —% | ||||
| Alpha Partners Technology Merger Corp(24)(25) | Sponsor Shares | N/A | N/A | 100,000 | 1,000 | — | —% | ||||
| Diligent Preferred Issuer, Inc. (dba Diligent Corporation)(14)(18)(27) | Preferred Stock | 10.50% PIK | N/A | 15,000 | 19,044 | 18,481 | 0.5% | ||||
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| EShares, Inc. (dba Carta)(18)(25) | Series E Preferred Stock | N/A | N/A | 186,904 | 2,008 | 8,309 | 0.2% | |||
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(14)(18)(24)(25) | LP Interest | N/A | N/A | 2,281 | 2,285 | 2,472 | 0.1% | |||
| MessageBird Holding B.V.(14)(18)(24)(25) | Extended Series C Warrants | N/A | N/A | 191,530 | 1,174 | 225 | —% | |||
| Nylas, Inc.(18)(25) | Series C Preferred Stock | N/A | N/A | 2,088,467 | 15,009 | 7,906 | 0.2% | |||
| Project Alpine Co-Invest Fund, LP(14)(18)(24)(25) | LP Interest | N/A | N/A | 3,644 | 3,646 | 4,306 | 0.1% | |||
| Saturn Ultimate, Inc.(14)(18)(25) | Common stock | N/A | N/A | 5,580,593 | 25,008 | 49,121 | 1.4% | |||
| Zoro TopCo, Inc.(14)(18)(27) | Series A Preferred Equity | 12.50% PIK | N/A | 7,114 | 7,675 | 7,791 | 0.2% | |||
| Zoro TopCo, L.P.(14)(18)(25) | Class A Common Units | N/A | N/A | 592,872 | 5,929 | 6,455 | 0.2% | |||
| 122,844 | 138,522 | 3.8% | ||||||||
| Capital Markets | ||||||||||
| Robinhood Markets, Inc.(2)(14)(24)(25) | Common stock | N/A | N/A | 2,416,000 | 64,335 | 30,780 | 0.9% | |||
| 64,335 | 30,780 | 0.9% | ||||||||
| Construction & Engineering | ||||||||||
| Dodge Construction Network Holdings, L.P.(14)(18) | Series A Preferred Units | 8.25% | N/A | — | 69 | 49 | —% | |||
| Dodge Construction Network Holdings, L.P.(14)(18)(25) | Class A-2 Common Units | N/A | N/A | 3,333,333 | 2,841 | 2,281 | 0.1% | |||
| 2,910 | 2,330 | 0.1% | ||||||||
| Diversified Consumer Services | ||||||||||
| SLA Eclipse Co-Invest, L.P.(3)(18)(24)(25) | LP Interest | N/A | N/A | 15,000 | 15,217 | 18,110 | 0.5% | |||
| 15,217 | 18,110 | 0.5% | ||||||||
| Diversified Financial Services | ||||||||||
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(14)(15)(18)(24)(25) | LLC Interest | N/A | N/A | 1,406 | 1,405 | 1,406 | —% | |||
| AAM Series 2.1 Aviation Feeder, LLC(14)(15)(18)(24)(25) | LLC Interest | N/A | N/A | 1,750 | 1,751 | 1,750 | —% | |||
| Amergin Asset Management, LLC(14)(18)(24)(25) | Class A Units | N/A | N/A | 50,000,000 | — | — | —% | |||
| Brex, Inc.(18)(25) | Preferred Stock | N/A | N/A | 143,943 | 5,012 | 3,220 | 0.1% | |||
| 8,168 | 6,376 | 0.1% | ||||||||
| Health Care Providers & Services | ||||||||||
| KWOL Acquisition Inc.(14)(18)(25) | Common stock | N/A | N/A | 159 | 1,585 | 1,585 | 0.1% | |||
| Romulus Intermediate Holdings 1 Inc. (dba PetVet)(14)(18)(27) | Series A Preferred Stock | 15.00% PIK | 11/2028 | 4,419,037 | 4,332 | 4,331 | 0.1% | |||
| 5,917 | 5,916 | 0.2% | ||||||||
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Health Care Technology | ||||||||||
| BEHP Co-Investor II, L.P.(14)(18)(24)(25) | LP Interest | N/A | N/A | 1,270 | 1,266 | 1,278 | —% | |||
| Minerva Holdco, Inc. (dba Athenahealth, Inc.)(14)(18)(27) | Series A Preferred Stock | 10.75% PIK | N/A | 50,000 | 58,753 | 57,797 | 1.6% | |||
| WP Irving Co-Invest, L.P.(14)(18)(24)(25) | Partnership Units | N/A | N/A | 1,250,000 | 1,267 | 1,258 | —% | |||
| 61,286 | 60,333 | 1.6% | ||||||||
| Hotels, Restaurants & Leisure | ||||||||||
| Toast, Inc.(18)(25) | Warrants | N/A | N/A | 5,762,612 | 36,254 | 46,428 | 1.3% | |||
| Toast, Inc.(2)(25) | Common stock | N/A | N/A | 322,578 | 6,398 | 5,890 | 0.2% | |||
| VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)(14)(18)(27) | Series A Preferred Stock | 6.00% PIK | N/A | 25,000 | 28,302 | 28,019 | 0.8% | |||
| 70,954 | 80,337 | 2.3% | ||||||||
| Internet & Direct Marketing Retail | ||||||||||
| Kajabi Holdings, LLC(18)(25) | Senior Preferred Class D Units | N/A | N/A | 4,126,175 | 50,025 | 41,170 | 1.2% | |||
| Klaviyo, Inc.(2)(18)(25) | Common stock | N/A | N/A | 1,198,270 | 40,018 | 31,457 | 0.9% | |||
| Linked Store Cayman Ltd. (dba Nuvemshop)(14)(18)(24)(25) | Series E Preferred Stock | N/A | N/A | 19,499 | 42,496 | 35,738 | 1.0% | |||
| 132,539 | 108,365 | 3.1% | ||||||||
| IT Services | ||||||||||
| E2Open Parent Holdings, Inc.(2)(24)(25) | Class A Common Stock | N/A | N/A | 1,650,943 | 17,504 | 7,248 | 0.2% | |||
| JumpCloud, Inc.(18)(25) | Series B Preferred Stock | N/A | N/A | 756,590 | 4,531 | 1,995 | 0.1% | |||
| JumpCloud, Inc.(18)(25) | Series F Preferred Stock | N/A | N/A | 6,679,245 | 40,017 | 34,491 | 1.1% | |||
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(14)(18)(27) | Perpetual Preferred Stock | 11.75% PIK | N/A | 7,500 | 8,266 | 8,404 | 0.2% | |||
| Replicated, Inc.(18)(25) | Series C Preferred Stock | N/A | N/A | 1,277,832 | 20,008 | 12,747 | 0.4% | |||
| WMC Bidco, Inc. (dba West Monroe)(14)(18)(27) | Senior Preferred Stock | 11.25% PIK | N/A | 57,231 | 71,658 | 68,634 | 1.9% | |||
| 161,984 | 133,519 | 3.9% | ||||||||
| Pharmaceuticals | ||||||||||
| XOMA Corporation(14)(18)(25) | Warrants | N/A | N/A | 12,000 | 82 | 82 | —% | |||
| 82 | 82 | —% | ||||||||
| Professional Services | ||||||||||
| BCTO WIW Holdings, Inc. (dba When I Work)(14)(18)(25) | Class A Common Stock | N/A | N/A | 70,000 | 7,000 | 5,487 | 0.2% | |||
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(14)(18)(27) | Series A Preferred Stock | 10.50% PIK | N/A | 28,000 | 32,793 | 29,769 | 0.9% | |||
| Thunder Topco L.P. (dba Vector Solutions)(14)(18)(25) | Common Units | N/A | N/A | 7,857,410 | 7,857 | 8,720 | 0.3% | |||
| Vestwell Holdings, Inc.(14)(18)(25) | Series D Preferred Stock | N/A | N/A | 152,175 | 3,000 | 3,000 | 0.1% | |||
| 50,650 | 46,976 | 1.5% | ||||||||
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Road & Rail | |||||||||||
| Bolt Technology OÜ(18)(24)(25) | Preferred Stock | N/A | N/A | 43,478 | 11,318 | 10,667 | 0.3% | ||||
| 11,318 | 10,667 | 0.3% | |||||||||
| Systems Software | |||||||||||
| Algolia, Inc.(18)(25) | Series C Preferred Stock | N/A | N/A | 970,281 | 10,000 | 24,314 | 0.7% | ||||
| Algolia, Inc.(18)(25) | Series D Preferred Stock | N/A | N/A | 136,776 | 4,000 | 3,790 | 0.1% | ||||
| Arctic Wolf Networks, Inc.(18)(25) | Preferred Stock | N/A | N/A | 3,032,840 | 25,036 | 31,387 | 0.9% | ||||
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(14)(18)(25) | Common Units | N/A | N/A | 12,692,160 | 12,692 | 13,841 | 0.4% | ||||
| Circle Internet Services, Inc.(18)(25) | Series D Preferred Stock | N/A | N/A | 2,934,961 | 15,000 | 26,381 | 0.8% | ||||
| Circle Internet Services, Inc.(18)(25) | Series E Preferred Stock | N/A | N/A | 821,806 | 6,917 | 8,272 | 0.2% | ||||
| Circle Internet Services, Inc.(18)(25) | Series F Preferred Stock | N/A | N/A | 75,876 | 1,500 | 1,139 | —% | ||||
| Circle Internet Services, Inc.(18)(25) | Warrants | N/A | N/A | 244,580 | — | 1,037 | —% | ||||
| Elliott Alto Co-Investor Aggregator L.P.(14)(18)(24)(25) | LP Interest | N/A | N/A | 1,567 | 1,576 | 1,573 | —% | ||||
| Exabeam, Inc.(18)(25) | Series F-1 Preferred Stock | N/A | N/A | 3,340,668 | 95,669 | 85,547 | 2.4% | ||||
| Halo Parent Newco, LLC(14)(18)(27) | Class H PIK Preferred Equity | 11.00% PIK | N/A | 5,000 | 6,106 | 4,996 | 0.1% | ||||
| Project Hotel California Co-Invest Fund, L.P.(14)(18)(24)(25) | LP Interest | N/A | N/A | 2,685 | 2,687 | 3,045 | 0.1% | ||||
| Illumio, Inc.(18)(25) | Series F Preferred Stock | N/A | N/A | 2,483,618 | 16,683 | 14,843 | 0.5% | ||||
| Illumio, Inc.(18)(25) | Common stock | N/A | N/A | 358,365 | 2,432 | 1,495 | —% | ||||
| Picard Holdco, LLC(6)(9)(14)(18) | Series A Preferred Stock | SR + | 12.00% PIK | N/A | 10,570 | 11,172 | 12,306 | 0.4% | |||
| Securiti, Inc.(14)(18)(25) | Series C Preferred Stock | N/A | N/A | 2,525,571 | 20,016 | 18,596 | 0.5% | ||||
| 231,486 | 252,562 | 7.1% | |||||||||
| Thrifts & Mortgage Finance | |||||||||||
| Blend Labs, Inc.(2)(14)(25) | Common stock | N/A | N/A | 216,953 | 3,000 | 553 | —% | ||||
| Blend Labs, Inc.(14)(18)(25) | Warrants | N/A | N/A | 299,216 | 1,625 | 15 | —% | ||||
| 4,625 | 568 | —% | |||||||||
| Total non-controlled/non-affiliated portfolio company equity investments | 971,339 | 941,769 | 26.7% | ||||||||
| Total non-controlled/non-affiliated portfolio company investments | 5,841,371 | 5,793,420 | 164.1% | ||||||||
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-controlled/affiliated portfolio company investments | |||||||||||
| Debt Investments | |||||||||||
| Internet & Direct Marketing Retail | |||||||||||
| Walker Edison Furniture Company LLC(6)(8)(14)(22)(26) | First lien senior secured loan | SR + | 6.75% PIK | 03/2027 | 10,862 | 9,391 | 9,992 | 0.3% | |||
| Walker Edison Furniture Company LLC(6)(14)(15)(17)(22)(26) | First lien senior secured delayed draw term loan | SR + | 6.75% PIK | 03/2027 | — | — | (225) | —% | |||
| Walker Edison Furniture Company LLC(6)(8)(14)(22)(26) | First lien senior secured revolving loan | SR + | 6.25% | 03/2027 | 4,495 | 4,495 | 4,202 | 0.1% | |||
| 15,357 | 13,886 | 13,969 | 0.4% | ||||||||
| Total non-controlled/affiliated portfolio company debt investments | 15,357 | 13,886 | 13,969 | 0.4% | |||||||
| Equity Investments | |||||||||||
| Systems Software | |||||||||||
| Help HP SCF Investor, LP(14)(18)(22)(25) | LP Interest | N/A | N/A | 59,333 | 59,379 | 67,221 | 1.9% | ||||
| Split Software, Inc.(18)(22)(25) | Series D Non-Participating Convertible Preferred Stock | N/A | N/A | 12,335,526 | 30,005 | 22,484 | 0.7% | ||||
| 89,384 | 89,705 | 2.6% | |||||||||
| Insurance | |||||||||||
| Fifth Season Investments LLC(14)(18)(20)(22) | Class A Units | N/A | N/A | 8 | 43,904 | 43,904 | 1.2% | ||||
| 43,904 | 43,904 | 1.2% | |||||||||
| Internet & Direct Marketing Retail | |||||||||||
| Walker Edison Holdco LLC(14)(18)(22)(25) | Common Units | N/A | N/A | 98,319 | 9,500 | 1,023 | —% | ||||
| Signifyd Inc.(18)(22)(27) | Series E Preferred Shares | 9.00% PIK | N/A | 2,755,121 | 127,523 | 110,500 | 3.1% | ||||
| 137,023 | 111,523 | 3.1% | |||||||||
| Pharmaceuticals | |||||||||||
| LSI Financing 1 DAC(14)(18)(22)(24) | Preferred Equity | N/A | N/A | 12,317,000 | 12,396 | 12,992 | 0.4% | ||||
| 12,396 | 12,992 | 0.4% | |||||||||
| Total non-controlled/affiliated portfolio company equity investments | $282,707 | 258,124 | 7.3% | ||||||||
| Total non-controlled/affiliated portfolio company investments | $296,593 | 272,093 | 7.7% | ||||||||
| Company(1)(7)(19)(21) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Controlled/affiliated portfolio company investments | ||||||||||
| Equity Investments | ||||||||||
| Diversified Financial Services | ||||||||||
| Revolut Ribbit Holdings, LLC(18)(23)(24)(25) | LLC Interest | N/A | N/A | 75,031 | 75,262 | $66,509 | 1.9% | |||
| 75,262 | 66,509 | 1.9% | ||||||||
| Total controlled/affiliated portfolio company equity investments | $75,262 | 66,509 | 1.9% | |||||||
| Total controlled/affiliated portfolio company investments | $75,262 | 66,509 | 1.9% | |||||||
| Total Investments | $6,213,226 | $6,132,022 | 173.7% | |||||||
(1)Unless otherwise indicated, all investments are considered Level 3 investments.
(2)Level 1 investment.
(3)Level 2 investment.
(4)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.
(5)As of December 31, 2023, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $25.4 million based on a tax cost basis of $6.2 billion. As of December 31, 2023, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $160.4 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $135.0 million.
(6)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 "SR", which can include one-, three- or six-month SOFR), Euro Interbank Offered Rate ("EURIBOR" or "E", which can include three- or six-month EURIBOR), or Sterling Overnight Interbank Average Rate ("SONIA" or "SA"), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.
(7)Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.
(8)The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2023 was 5.35%.
(9)The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2023 was 5.33%.
(10)The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2023 was 5.16%.
(11)The interest rate on these loans is subject to SONIA, which as of December 31, 2023 was 5.19%.
(12)The interest rate on these loans is subject to 3 month EURIBOR, which as of December 31, 2023 was 3.91%.
(13)The interest rate on these loans is subject to 6 month EURIBOR, which as of December 31, 2023 was 3.86%.
(14)Represents co-investment made with the Company’s affiliates in accordance with the terms of an order for exemptive relief that an affiliate of the Company’s investment adviser received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions”.
(15)Position or portion thereof is an unfunded loan commitment. See Note 7 “Commitments and Contingencies”.
(16)The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.
(17)The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.
(18)Security acquired in transaction 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, 2023, the aggregate fair value of these securities is $1.2 billion or 34.6% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:
| Portfolio Company | Investment | Acquisition Date |
|---|---|---|
| 6Sense Insights, Inc. | Series E-1 Preferred Stock | January 20, 2022 |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC | LLC Interest | July 1, 2022 |
| AAM Series 2.1 Aviation Feeder, LLC | LLC Interest | July 1, 2022 |
| Algolia, Inc. | Series C Preferred Stock | August 30, 2019 |
| Algolia, Inc. | Series D Preferred Stock | July 19, 2021 |
| Project Alpine Co-Invest Fund, LP | LP Interest | June 13, 2022 |
| Alpha Partners Technology Merger Corp | Common Stock Warrants | July 28, 2021 |
| Amergin Asset Management, LLC | Class A Units | July 1, 2022 |
| Portfolio Company | Investment | Acquisition Date |
|---|---|---|
| Arctic Wolf Networks, Inc. | Preferred Stock | July 7, 2021 |
| BCTO WIW Holdings, Inc. (dba When I Work) | Class A Common Stock | November 2, 2021 |
| BEHP Co-Investor II, L.P. | LP Interest | May 11, 2022 |
| Blend Labs, Inc. | Warrants | July 2, 2021 |
| Bolt Technology OÜ | Preferred Stock | December 10, 2021 |
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi) | Common Units | October 1, 2021 |
| Brex, Inc. | Preferred Stock | November 30, 2021 |
| Circle Internet Services, Inc. | Series D Preferred Stock | May 20, 2019 |
| Circle Internet Services, Inc. | Series E Preferred Stock | February 28, 2020 |
| Circle Internet Services, Inc. | Series F Preferred Stock | May 4, 2021 |
| Circle Internet Services, Inc. | Warrants | May 20, 2019 |
| Diligent Preferred Issuer, Inc. (dba Diligent Corporation) | Preferred Stock | April 6, 2021 |
| Dodge Construction Network Holdings, L.P. | Class A-2 Common Units | February 23, 2022 |
| Dodge Construction Network Holdings, L.P. | Series A Preferred Units | February 23, 2022 |
| Elliott Alto Co-Investor Aggregator L.P. | LP Interest | September 27, 2022 |
| EShares, Inc. (dba Carta) | Series E Preferred Stock | August 1, 2019 |
| Exabeam, Inc. | Series F-1 Preferred Stock | May 12, 2023 |
| Fifth Season Investments LLC | Class A Units | July 18, 2022 |
| Halo Parent Newco, LLC | Class H PIK Preferred Equity | October 15, 2021 |
| Help HP SCF Investor, LP | LP Interest | April 28, 2021 |
| Project Hotel California Co-Invest Fund, L.P. | LP Interest | August 9, 2022 |
| Illumio, Inc. | Common stock | June 23, 2021 |
| Illumio, Inc. | Series F Preferred Stock | August 27, 2021 |
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC) | LP Interest | June 8, 2022 |
| JumpCloud, Inc. | Series B Preferred Stock | December 30, 2021 |
| JumpCloud, Inc. | Series F Preferred Stock | September 3, 2021 |
| Kajabi Holdings, LLC | Senior Preferred Class D Units | March 24, 2021 |
| Klaviyo, Inc. | Common stock | May 4, 2021 |
| KWOL Acquisition Inc. | Common stock | December 12, 2023 |
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.) | Perpetual Preferred Stock | June 22, 2022 |
| Linked Store Cayman Ltd. (dba Nuvemshop) | Series E Preferred Stock | August 9, 2021 |
| LSI Financing 1 DAC | Preferred Equity | December 14, 2022 |
| MessageBird Holding B.V. | Extended Series C Warrants | May 5, 2021 |
| Minerva Holdco, Inc. (dba Athenahealth, Inc.) | Series A Preferred Stock | February 15, 2022 |
| Nylas, Inc. | Series C Preferred Stock | June 3, 2021 |
| Picard Holdco, LLC | Series A Preferred Stock | September 30, 2022 |
| Replicated, Inc. | Series C Preferred Stock | June 30, 2021 |
| Revolut Ribbit Holdings, LLC | Ordinary Shares | September 30, 2021 |
| Romulus Intermediate Holdings 1 Inc. (dba PetVet) | Series A Preferred Stock | November 15, 2023 |
| Saturn Ultimate, Inc. | Common stock | December 29, 2021 |
| Securiti, Inc. | Series C Preferred Stock | July 28, 2022 |
| Signifyd Inc. | Series E Preferred Shares | April 8, 2021 |
| SLA Eclipse Co-Invest, L.P. | LP Interest | September 30, 2019 |
| Space Exploration Technologies Corp. | Class A Common Stock | March 25, 2021 |
| Space Exploration Technologies Corp. | Class C Common Stock | March 25, 2021 |
| Split Software, Inc. | Series D Non-Participating Convertible Preferred Stock | August 13, 2021 |
| Portfolio Company | Investment | Acquisition Date |
|---|---|---|
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.) | Series A Preferred Stock | October 15, 2021 |
| Thunder Topco L.P. (dba Vector Solutions) | Common Units | June 30, 2021 |
| Toast, Inc. | Warrants | June 21, 2021 |
| VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.) | Series A Preferred Stock | October 15, 2021 |
| Vestwell Holdings, Inc. | Series D Preferred Stock | December 20, 2023 |
| Walker Edison Holdco LLC | Common Units | March 1, 2023 |
| WMC Bidco, Inc. (dba West Monroe) | Senior Preferred Stock | November 9, 2021 |
| WP Irving Co-Invest, L.P. | Partnership Units | May 18, 2022 |
| XOMA Corporation | Warrants | December 15, 2023 |
| Zoro TopCo, Inc. | Series A Preferred Equity | November 22, 2022 |
| Zoro TopCo, L.P. | Class A Common Units | November 22, 2022 |
(19)Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 6 “Debt”.
(20)This portfolio company is not pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 6 "Debt".
(21)Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
(22)Under the Investment Company Act of 1940, as amended (the "1940 Act"), the Company is deemed to be an "Affiliated Person" of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the period ended December 31, 2023 in which the Company was an Affiliated Person of the portfolio company are as follows:
| Company | Fair Value at December 31, 2022 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gain/(Loss) | Realized Gain/(Loss) | Transfers | Fair Value at December 31, 2023 | Other Income | Interest Income |
|---|---|---|---|---|---|---|---|---|---|
| Fifth Season Investments LLC | $25,110 | $18,646 | $— | $148 | $— | $— | $43,904 | $1,390 | $— |
| Help HP SCF Investor, LP | 65,192 | — | — | 2,029 | — | — | 67,221 | — | — |
| LSI Financing 1 DAC | 4,013 | 10,237 | (1,886) | 628 | — | — | 12,992 | 164 | — |
| Signifyd Inc. | 109,216 | 10,720 | — | (9,436) | — | — | 110,500 | 10,720 | — |
| Split Software, Inc. | 27,836 | — | — | (5,352) | — | — | 22,484 | — | — |
| Walker Edison Furniture Company LLC | — | 23,385 | — | (8,393) | — | — | 14,992 | — | — |
| Total | $231,367 | $62,988 | $(1,886) | $(20,376) | $— | $— | $272,093 | $12,274 | $— |
(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.
(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.
(23)As defined in the 1940 act, the Company is deemed to be both an "Affiliated Person" and has "Control" of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). The Company’s investments in affiliates for the period ended December 31, 2023 were as follows:
| Company | Fair Value at December 31, 2022 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gain/(Loss) | Realized Gain/(Loss) | Transfers | Fair Value at December 31, 2023 | Other Income | Interest Income |
|---|---|---|---|---|---|---|---|---|---|
| Revolut Ribbit Holdings, LLC | $66,509 | $11 | $— | $(11) | $— | $— | $66,509 | $— | $— |
| Total | $66,509 | $11 | $— | $(11) | $— | $— | $66,509 | $— | $— |
(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.
(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.
(24)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, 2023, non-qualifying assets represented 16.5% of total assets as calculated in accordance with the regulatory requirements.
(25)Non-income producing investment.
(26)Loan was on non-accrual status as of December 31, 2023.
(27)Contains a fixed-rate structure.
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Non-controlled/non-affiliated portfolio company investments | ||||||||
| Debt Investments | ||||||||
| Aerospace & defense | ||||||||
| Peraton Corp.(3)(6)(7)(15) | Second lien senior secured loan | L + | 7.75% | 2/1/2029 | 84,946 | 83,887 | 80,486 | 2.4% |
| ManTech International Corporation(6)(11)(15) | First lien senior secured loan | SR + | 5.75% | 9/14/2029 | 6,753 | 6,623 | 6,618 | 0.2% |
| ManTech International Corporation(6)(15)(16)(17)(18) | First lien senior secured delayed draw term loan | SR + | 5.75% | 9/16/2024 | — | (15) | (16) | —% |
| ManTech International Corporation(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 5.75% | 9/14/2028 | — | (16) | (17) | —% |
| 91,699 | 90,479 | 87,071 | 2.6% | |||||
| Application Software | ||||||||
| Anaplan, Inc.(6)(15) | First lien senior secured loan | SR + | 6.50% | 6/21/2029 | 49,219 | 48,755 | 49,096 | 1.4% |
| Anaplan, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 6.50% | 6/21/2028 | — | (32) | (9) | —% |
| Apptio, Inc.(6)(8)(15) | First lien senior secured loan | L + | 6.00% | 1/10/2025 | 59,901 | 59,298 | 59,901 | 1.8% |
| Apptio, Inc.(6)(8)(15)(16) | First lien senior secured revolving loan | L + | 6.00% | 1/10/2025 | 1,962 | 1,939 | 1,962 | 0.1% |
| Armstrong Bidco Limited (dba The Access Group)(6)(13)(15)(25) | First lien senior secured loan | SA + | 5.25% | 6/28/2029 | 6,392 | 6,384 | 6,312 | 0.2% |
| Armstrong Bidco Limited (dba The Access Group)(6)(13)(15)(16)(18)(25) | First lien senior secured delayed draw term loan | SA + | 5.25% | 6/30/2025 | 2,588 | 2,583 | 2,556 | 0.1% |
| Avalara, Inc.(6)(11)(15) | First lien senior secured loan | SR + | 7.25% | 10/19/2028 | 9,091 | 8,958 | 8,955 | 0.3% |
| Avalara, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 7.25% | 10/19/2028 | — | (13) | (14) | —% |
| Certify, Inc.(6)(7) | First lien senior secured loan | L + | 5.50% | 2/28/2024 | 57,039 | 56,841 | 57,039 | 1.7% |
| Certify, Inc.(6)(7)(16) | First lien senior secured revolving loan | L + | 5.50% | 2/28/2024 | 570 | 564 | 570 | —% |
| CivicPlus, LLC(6)(8)(15) | First lien senior secured loan | L + | 6.75% (incl. 2.50% PIK) | 8/24/2027 | 65,613 | 65,057 | 65,450 | 1.9% |
| CivicPlus, LLC(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 6.25% | 8/24/2027 | — | (38) | (12) | —% |
| CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(6)(12)(15) | Unsecured notes | SR + | 11.75% PIK | 6/9/2034 | 33,061 | 32,171 | 32,565 | 1.0% |
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Community Brands ParentCo, LLC(6)(10)(15) | First lien senior secured loan | SR + | 5.75% | 2/24/2028 | 12,654 | 12,433 | 12,465 | 0.4% |
| Community Brands ParentCo, LLC(6)(15)(16)(17)(18) | First lien senior secured delayed draw term loan | SR + | 5.75% | 2/26/2024 | — | (13) | (8) | —% |
| Community Brands ParentCo, LLC(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 5.75% | 2/24/2028 | — | (13) | (11) | —% |
| Diamondback Acquisition, Inc. (dba Sphera)(6)(7)(15) | First lien senior secured loan | L + | 5.50% | 9/13/2028 | 77,433 | 76,117 | 76,658 | 2.3% |
| Diamondback Acquisition, Inc. (dba Sphera)(6)(15)(16)(17)(18) | First lien senior secured delayed draw term loan | L + | 5.50% | 9/13/2023 | — | (166) | — | —% |
| Diligent Corporation(6)(7) | First lien senior secured loan | L + | 6.17% | 8/4/2025 | 24,879 | 24,560 | 24,631 | 0.7% |
| Diligent Corporation(6)(7)(16) | First lien senior secured revolving loan | L + | 6.25% | 8/4/2025 | 457 | 437 | 442 | —% |
| Fullsteam Operations, LLC(6)(8)(15)(16)(18) | First lien senior secured delayed draw term loan | L + | 7.50% | 5/13/2024 | 6,121 | 5,940 | 5,995 | 0.2% |
| Gainsight, Inc.(6)(8)(15) | First lien senior secured loan | L + | 6.75% PIK | 7/30/2027 | 55,023 | 54,295 | 54,198 | 1.6% |
| Gainsight, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 6.25% | 7/30/2027 | — | (70) | (79) | —% |
| GovBrands Intermediate, Inc.(6)(8)(15) | First lien senior secured loan | L + | 5.50% | 8/4/2027 | 63,680 | 62,403 | 60,814 | 1.8% |
| GovBrands Intermediate, Inc.(6)(8)(15)(16)(18) | First lien senior secured delayed draw term loan | L + | 5.50% | 8/4/2023 | 14,364 | 14,015 | 13,500 | 0.4% |
| GovBrands Intermediate, Inc.(6)(8)(15)(16) | First lien senior secured revolving loan | L + | 5.50% | 8/4/2027 | 6,109 | 5,980 | 5,804 | 0.2% |
| Granicus, Inc.(6)(7)(15) | First lien senior secured loan | L + | 5.50% | 1/29/2027 | 35,086 | 34,487 | 34,209 | 1.0% |
| Granicus, Inc.(6)(7)(15)(16) | First lien senior secured revolving loan | L + | 6.50% | 1/29/2027 | 877 | 834 | 812 | —% |
| Grayshift, LLC(6)(10)(15) | First lien senior secured loan | SR + | 7.50% | 7/6/2028 | 8,987 | 8,903 | 8,920 | 0.3% |
| Grayshift, LLC(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 7.50% | 7/6/2028 | — | (9) | (7) | —% |
| GS Acquisitionco, Inc. (dba insightsoftware)(6)(8)(15) | First lien senior secured loan | L + | 5.75% | 5/22/2026 | 49,531 | 49,241 | 49,283 | 1.5% |
| GS Acquisitionco, Inc. (dba insightsoftware)(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 5.75% | 5/22/2026 | — | (18) | (17) | —% |
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| MessageBird BidCo B.V.(6)(7)(15)(25) | First lien senior secured loan | L + | 6.75% | 5/5/2027 | 120,000 | 117,953 | 117,300 | 3.5% |
| Ministry Brands Holdings, LLC(6)(7)(15) | First lien senior secured loan | L + | 5.50% | 12/29/2028 | 7,622 | 7,487 | 7,432 | 0.2% |
| Ministry Brands Holdings, LLC(6)(15)(16)(17)(18) | First lien senior secured delayed draw term loan | L + | 5.50% | 12/27/2023 | — | (21) | (37) | —% |
| Ministry Brands Holdings, LLC(6)(7)(15)(16) | First lien senior secured revolving loan | L + | 5.50% | 12/30/2027 | 369 | 356 | 350 | —% |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E)(6)(12)(15) | First lien senior secured loan | SR + | 5.50% | 3/13/2028 | 10,226 | 10,044 | 10,022 | 0.3% |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E)(6)(10)(15)(16) | First lien senior secured revolving loan | SR + | 5.50% | 3/13/2028 | 299 | 270 | 265 | —% |
| Velocity HoldCo III Inc. (dba VelocityEHS)(6)(9)(15) | First lien senior secured loan | L + | 5.75% | 4/22/2027 | 41,042 | 40,338 | 41,042 | 1.2% |
| Velocity HoldCo III Inc. (dba VelocityEHS)(6)(7)(15)(16) | First lien senior secured revolving loan | L + | 5.75% | 4/22/2026 | 500 | 463 | 500 | —% |
| Zendesk, Inc.(6)(11)(15) | First lien senior secured loan | SR + | 6.50% | 11/22/2028 | 51,686 | 50,667 | 50,653 | 1.5% |
| Zendesk, Inc.(6)(15)(16)(17)(18) | First lien senior secured delayed draw term loan | SR + | 6.50% | 11/22/2024 | — | (472) | (129) | —% |
| Zendesk, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 6.50% | 11/22/2028 | — | (104) | (106) | —% |
| 872,381 | 858,804 | 859,272 | 25.6% | |||||
| Banks | ||||||||
| AxiomSL Group, Inc.(6)(7)(15) | First lien senior secured loan | L + | 5.75% | 12/3/2027 | 140,059 | 138,587 | 137,959 | 4.1% |
| AxiomSL Group, Inc.(6)(15)(16)(17)(18) | First lien senior secured delayed draw term loan | L + | 5.75% | 7/21/2023 | — | (9) | (12) | —% |
| AxiomSL Group, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 5.75% | 12/3/2025 | — | (130) | (231) | —% |
| 140,059 | 138,448 | 137,716 | 4.1% | |||||
| Building products | ||||||||
| EET Buyer, Inc. (dba e-Emphasys)(6)(9)(15) | First lien senior secured loan | L + | 5.25% | 11/8/2027 | 45,114 | 44,736 | 45,114 | 1.3% |
| EET Buyer, Inc. (dba e-Emphasys)(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 5.25% | 11/8/2027 | — | (37) | — | —% |
| 45,114 | 44,699 | 45,114 | 1.3% | |||||
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Commercial Services & Supplies | ||||||||
| SimpliSafe Holding Corporation(6)(10)(15) | First lien senior secured loan | SR + | 6.25% | 5/2/2028 | 819 | 804 | 809 | —% |
| SimpliSafe Holding Corporation(6)(15)(16)(17)(18) | First lien senior secured delayed draw term loan | SR + | 6.25% | 5/2/2024 | — | (1) | — | —% |
| 819 | 803 | 809 | —% | |||||
| Consumer Finance | ||||||||
| Affirm, Inc.(3)(15)(25)(26)(28) | Senior convertible notes | N/A | 11/16/2026 | 25,000 | 17,492 | 13,735 | 0.4% | |
| 25,000 | 17,492 | 13,735 | 0.4% | |||||
| Diversified Consumer Services | ||||||||
| Litera Bidco LLC(6)(10)(15) | First lien senior secured loan | L + | 5.75% | 5/29/2026 | 153,420 | 152,083 | 153,013 | 4.5% |
| Litera Bidco LLC(6)(8)(15)(16) | First lien senior secured revolving loan | L + | 5.75% | 5/30/2025 | 2,269 | 2,224 | 2,228 | 0.1% |
| Muine Gall, LLC(6)(9)(15)(21)(25) | First lien senior secured loan | L + | 7.00% PIK | 9/23/2024 | 222,546 | 223,853 | 216,982 | 6.3% |
| Relativity ODA LLC(6)(7)(15) | First lien senior secured loan | L + | 7.50% PIK | 5/12/2027 | 128,839 | 127,531 | 128,516 | 3.8% |
| Relativity ODA LLC(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 6.50% | 5/12/2027 | — | (123) | (28) | —% |
| Transact Holdings Inc.(6)(7)(15) | First lien senior secured loan | L + | 4.25% | 4/30/2026 | 8,611 | 8,543 | 8,503 | 0.3% |
| 515,685 | 514,111 | 509,214 | 15.0% | |||||
| Diversified Financial Services | ||||||||
| BTRS Holdings Inc. (dba Billtrust)(6)(11)(15) | First lien senior secured loan | SR + | 8.00% | 12/15/2028 | 839 | 814 | 816 | —% |
| BTRS Holdings Inc. (dba Billtrust)(6)(15)(16)(18) | First lien senior secured delayed draw term loan | SR + | 7.00% | 12/16/2024 | — | — | (2) | —% |
| BTRS Holdings Inc. (dba Billtrust)(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 7.00% | 12/15/2028 | — | (3) | (2) | —% |
| Hg Genesis 8 Sumoco Limited(6)(13)(15)(25) | Unsecured facility | SA + | 6.00% PIK | 8/28/2025 | 70,265 | 77,092 | 70,282 | 2.1% |
| Hg Genesis 9 SumoCo Limited(6)(14)(15)(25) | Unsecured facility | E + | 7.00% PIK | 3/10/2027 | 7,956 | 8,167 | 7,959 | 0.2% |
| Hg Saturn Luchaco Limited(6)(13)(15)(25) | Unsecured facility | SA + | 7.50% PIK | 3/30/2026 | 113,882 | 128,669 | 112,459 | 3.3% |
| NMI Acquisitionco, Inc. (dba Network Merchants)(6)(7)(15) | First lien senior secured loan | L + | 5.75% | 9/6/2025 | 16,946 | 16,827 | 16,734 | 0.5% |
| NMI Acquisitionco, Inc. (dba Network Merchants)(6)(7)(15)(16)(18) | First lien senior secured delayed draw term loan | L + | 5.75% | 10/2/2023 | 3,999 | 3,945 | 3,938 | 0.1% |
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| NMI Acquisitionco, Inc. (dba Network Merchants)(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 5.75% | 9/6/2025 | — | (11) | (14) | —% |
| Smarsh Inc.(6)(12)(15) | First lien senior secured loan | SR + | 6.50% | 2/16/2029 | 44,190 | 43,791 | 43,749 | 1.3% |
| Smarsh Inc.(6)(12)(15)(16)(18) | First lien senior secured delayed draw term loan | SR + | 6.50% | 2/19/2024 | 5,524 | 5,421 | 5,469 | 0.2% |
| Smarsh Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 6.50% | 2/16/2029 | — | (24) | (28) | —% |
| 263,601 | 284,688 | 261,360 | 7.7% | |||||
| Electrical Equipment | ||||||||
| BCPE Watson (DE) ORML, LP(6)(12)(15)(25) | First lien senior secured loan | SR + | 6.50% | 7/3/2028 | 50,000 | 49,532 | 49,500 | 1.5% |
| 50,000 | 49,532 | 49,500 | 1.5% | |||||
| Energy Equipment & Services | ||||||||
| 3ES Innovation Inc. (dba Aucerna)(6)(8)(15)(25) | First lien senior secured loan | L + | 6.50% | 5/13/2025 | 71,335 | 70,874 | 70,978 | 2.1% |
| 3ES Innovation Inc. (dba Aucerna)(6)(8)(15)(16)(25) | First lien senior secured revolving loan | L + | 6.50% | 5/13/2025 | 2,000 | 1,977 | 1,977 | 0.1% |
| Project Power Buyer, LLC (dba PEC-Veriforce)(6)(7)(15) | First lien senior secured loan | L + | 6.00% | 5/14/2026 | 52,506 | 52,107 | 52,506 | 1.6% |
| Project Power Buyer, LLC (dba PEC-Veriforce)(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 6.00% | 5/14/2025 | — | (18) | — | —% |
| 125,841 | 124,940 | 125,461 | 3.8% | |||||
| Food & Staples Retailing | ||||||||
| The NPD Group, L.P.(6)(10)(15) | First lien senior secured loan | SR + | 6.25% (incl. 2.75% PIK) | 12/1/2028 | 23,717 | 23,252 | 23,243 | 0.7% |
| The NPD Group, L.P.(6)(10)(15)(16) | First lien senior secured revolving loan | SR + | 5.75% | 12/1/2027 | 181 | 153 | 151 | —% |
| 23,898 | 23,405 | 23,394 | 0.7% | |||||
| Health Care Technology | ||||||||
| BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(8)(15) | First lien senior secured loan | L + | 5.75% | 8/23/2028 | 116,496 | 114,925 | 113,875 | 3.4% |
| BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(15)(16)(17)(18) | First lien senior secured delayed draw term loan | L + | 5.75% | 8/23/2023 | — | (236) | (325) | —% |
| BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 5.75% | 8/21/2026 | — | (154) | (275) | —% |
| Datix Bidco Limited (dba RLDatix)(6)(13)(15)(25) | First lien senior secured loan | SA + | 4.50% | 4/28/2025 | 767 | 865 | 753 | —% |
| Datix Bidco Limited (dba RLDatix)(6)(13)(15)(25) | Second lien senior secured loan | SA + | 7.75% | 4/27/2026 | 8,019 | 9,028 | 7,899 | 0.2% |
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| GI Ranger Intermediate, LLC (dba Rectangle Health)(6)(11)(15) | First lien senior secured loan | SR + | 6.00% | 10/30/2028 | 27,511 | 27,032 | 26,823 | 0.8% |
| GI Ranger Intermediate, LLC (dba Rectangle Health)(6)(11)(15)(16) | First lien senior secured revolving loan | SR + | 6.00% | 10/29/2027 | 221 | 186 | 166 | —% |
| Hyland Software, Inc.(6)(7)(15) | Second lien senior secured loan | L + | 6.25% | 7/7/2025 | 94,842 | 94,816 | 89,626 | 2.6% |
| Imprivata, Inc.(6)(10)(15) | Second lien senior secured loan | SR + | 6.25% | 12/1/2028 | 17,647 | 17,470 | 17,206 | 0.5% |
| Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(6)(11)(15)(25) | First lien senior secured loan | SR + | 6.50% | 8/21/2026 | 157,057 | 155,719 | 156,271 | 4.5% |
| Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(6)(10)(15)(25) | First lien senior secured revolving loan | SR + | 6.50% | 8/21/2026 | 6,120 | 6,079 | 6,089 | 0.2% |
| Interoperability Bidco, Inc. (dba Lyniate)(6)(11)(15) | First lien senior secured loan | SR + | 7.00% | 12/25/2026 | 85,441 | 84,972 | 84,800 | 2.5% |
| Interoperability Bidco, Inc. (dba Lyniate)(6)(11)(15)(16) | First lien senior secured revolving loan | SR + | 7.00% | 12/26/2024 | 1,957 | 1,940 | 1,927 | 0.1% |
| Inovalon Holdings, Inc.(6)(8)(15) | First lien senior secured loan | L + | 6.25% (incl. 2.75% PIK) | 11/24/2028 | 133,146 | 130,332 | 129,817 | 3.8% |
| Inovalon Holdings, Inc.(6)(15)(16)(17)(18) | First lien senior secured delayed draw term loan | L + | 5.75% | 5/24/2024 | — | (146) | (173) | —% |
| Inovalon Holdings, Inc.(6)(8)(15) | Second lien senior secured loan | L + | 10.50% PIK | 11/25/2033 | 69,603 | 68,424 | 68,559 | 2.0% |
| RL Datix Holdings (USA), Inc.(6)(12)(15)(18)(25) | First lien senior secured loan | SR + | 4.50% | 4/28/2025 | 14,600 | 14,394 | 14,389 | 0.4% |
| RL Datix Holdings (USA), Inc.(6)(12)(15)(25) | First lien senior secured revolving loan | SR + | 4.50% | 4/28/2025 | 2,000 | 1,969 | 1,965 | 0.1% |
| RL Datix Holdings (USA), Inc.(6)(12)(15)(25) | Second lien senior secured loan | SR + | 7.75% | 4/27/2026 | 22,333 | 21,951 | 21,993 | 0.6% |
| 757,760 | 749,566 | 741,385 | 21.7% | |||||
| Hotels, Restaurants & Leisure | ||||||||
| MINDBODY, Inc.(6)(8)(15) | First lien senior secured loan | L + | 7.00% | 2/14/2025 | 79,572 | 79,217 | 79,572 | 2.3% |
| MINDBODY, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 7.00% | 2/14/2025 | — | (25) | — | —% |
| 79,572 | 79,192 | 79,572 | 2.3% | |||||
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Household Durables | ||||||||
| BCTO BSI Buyer, Inc. (dba Buildertrend)(6)(11)(15) | First lien senior secured loan | SR + | 8.00% PIK | 12/23/2026 | 73,432 | 72,845 | 73,432 | 2.2% |
| BCTO BSI Buyer, Inc. (dba Buildertrend)(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 8.00% | 12/23/2026 | — | (118) | — | —% |
| 73,432 | 72,727 | 73,432 | 2.2% | |||||
| Industrial Conglomerates | ||||||||
| QAD Inc.(6)(7)(15) | First lien senior secured loan | L + | 6.00% | 11/5/2027 | 87,907 | 86,429 | 85,709 | 2.5% |
| QAD Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 6.00% | 11/5/2027 | — | (185) | (286) | —% |
| 87,907 | 86,244 | 85,423 | 2.5% | |||||
| Insurance | ||||||||
| Asurion, LLC(3)(6)(7)(15) | Second lien senior secured loan | L + | 5.25% | 1/31/2028 | 10,833 | 10,635 | 8,396 | 0.2% |
| Integrity Marketing Acquisition, LLC(6)(9)(15) | First lien senior secured loan | L + | 5.80% | 8/27/2025 | 54,576 | 54,127 | 54,439 | 1.6% |
| Integrity Marketing Acquisition, LLC(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 6.50% | 8/27/2025 | — | (25) | (9) | —% |
| 65,409 | 64,737 | 62,826 | 1.8% | |||||
| Internet & Direct Marketing Retail | ||||||||
| Walker Edison Furniture Company LLC(6)(8)(15)(27) | First lien senior secured loan | L + | 8.75% (incl. 3.00% PIK) | 3/31/2027 | 34,466 | 33,948 | 17,577 | 0.5% |
| 34,466 | 33,948 | 17,577 | 0.5% | |||||
| IT Services | ||||||||
| BCPE Nucleon (DE) SPV, LP(6)(9)(15)(25) | First lien senior secured loan | L + | 7.00% | 9/24/2026 | 133,333 | 131,934 | 133,000 | 3.9% |
| Kaseya Inc.(6)(11)(15) | First lien senior secured loan | SR + | 5.75% | 6/25/2029 | 15,610 | 15,315 | 15,454 | 0.5% |
| Kaseya Inc.(6)(15)(16)(17)(18) | First lien senior secured delayed draw term loan | SR + | 5.75% | 6/24/2024 | — | (9) | — | —% |
| Kaseya Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 5.75% | 6/25/2029 | — | (17) | (9) | —% |
| Pluralsight, LLC(6)(8)(15) | First lien senior secured loan | L + | 8.00% | 4/6/2027 | 159,495 | 158,309 | 157,102 | 4.5% |
| Pluralsight, LLC(6)(7)(15)(16) | First lien senior secured revolving loan | L + | 8.00% | 4/6/2027 | 5,000 | 4,944 | 4,850 | 0.1% |
| 313,438 | 310,476 | 310,397 | 9.0% | |||||
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Life Sciences Tools & Services | ||||||||
| Bracket Intermediate Holding Corp.(6)(8)(15) | First lien senior secured loan | L + | 4.25% | 9/5/2025 | 389 | 372 | 371 | —% |
| Bracket Intermediate Holding Corp.(6)(8)(15) | Second lien senior secured loan | L + | 8.13% | 9/7/2026 | 20,000 | 19,778 | 19,200 | 0.6% |
| 20,389 | 20,150 | 19,571 | 0.6% | |||||
| Professional Services | ||||||||
| Cornerstone OnDemand, Inc.(6)(7)(15) | Second lien senior secured loan | L + | 6.50% | 10/15/2029 | 71,667 | 70,714 | 68,800 | 2.0% |
| Gerson Lehrman Group, Inc.(6)(7)(15) | First lien senior secured loan | L + | 5.25% | 12/12/2024 | 81,181 | 80,733 | 81,181 | 2.4% |
| Gerson Lehrman Group, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 5.25% | 12/12/2024 | — | (12) | — | —% |
| Motus Group, LLC(6)(7)(15) | Second lien senior secured loan | L + | 6.50% | 12/10/2029 | 17,868 | 17,707 | 17,510 | 0.5% |
| Proofpoint, Inc.(6)(8)(15) | Second lien senior secured loan | L + | 6.25% | 8/31/2029 | 55,000 | 54,760 | 52,663 | 1.6% |
| Thunder Purchaser, Inc. (dba Vector Solutions)(6)(8)(15) | First lien senior secured loan | L + | 5.75% | 6/30/2028 | 131,622 | 130,538 | 128,989 | 3.8% |
| Thunder Purchaser, Inc. (dba Vector Solutions)(6)(8)(15)(16)(18) | First lien senior secured delayed draw term loan | L + | 5.75% | 8/17/2023 | 8,060 | 7,984 | 7,754 | 0.2% |
| Thunder Purchaser, Inc. (dba Vector Solutions)(6)(8)(15)(16) | First lien senior secured revolving loan | L + | 5.75% | 6/30/2027 | 2,700 | 2,641 | 2,543 | 0.1% |
| When I Work, Inc.(6)(8)(15) | First lien senior secured loan | L + | 7.00% PIK | 11/2/2027 | 31,516 | 31,264 | 30,886 | 0.9% |
| When I Work, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 6.00% | 11/2/2027 | — | (45) | (112) | —% |
| 399,614 | 396,284 | 390,214 | 11.5% | |||||
| Real Estate Management & Development | ||||||||
| REALPAGE, INC.(6)(7)(15) | Second lien senior secured loan | L + | 6.50% | 4/23/2029 | 52,500 | 51,843 | 50,269 | 1.5% |
| 52,500 | 51,843 | 50,269 | 1.5% | |||||
| Systems Software | ||||||||
| Acquia Inc.(6)(8) | First lien senior secured loan | L + | 7.00% | 10/31/2025 | 152,102 | 151,211 | 152,102 | 4.5% |
| Acquia Inc.(6)(9)(16) | First lien senior secured revolving loan | L + | 7.00% | 10/31/2025 | 6,932 | 6,877 | 6,932 | 0.2% |
| Arctic Wolf Networks, Inc.(15)(28) | Senior convertible note | 3.00% PIK | 9/30/2027 | 120,600 | 124,380 | 124,057 | 3.7% | |
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||
|---|---|---|---|---|---|---|---|---|
| Bayshore Intermediate #2, L.P. (dba Boomi)(6)(7)(15) | First lien senior secured loan | L + | 7.75% PIK | 10/2/2028 | 157,013 | 154,282 | 153,873 | 4.5% |
| Bayshore Intermediate #2, L.P. (dba Boomi)(6)(7)(15)(16) | First lien senior secured revolving loan | L + | 6.75% | 10/1/2027 | 3,901 | 3,693 | 3,667 | 0.1% |
| Centrify Corporation(6)(8)(15) | First lien senior secured loan | L + | 6.00% | 3/2/2028 | 79,300 | 77,736 | 78,309 | 2.3% |
| Centrify Corporation(6)(8)(15) | First lien senior secured revolving loan | L + | 6.00% | 3/2/2027 | 8,163 | 7,996 | 8,060 | 0.2% |
| Computer Services, Inc. (dba CSI)(6)(11)(15) | First lien senior secured loan | SR + | 6.75% | 11/15/2029 | 1,000 | 980 | 980 | —% |
| Forescout Technologies, Inc.(6)(8)(15) | First lien senior secured loan | L + | 9.50% PIK | 8/17/2026 | 122,628 | 121,496 | 122,484 | 3.6% |
| Forescout Technologies, Inc.(6)(15)(16)(17)(18) | First lien senior secured delayed draw term loan | L + | 8.00% | 7/1/2024 | — | (142) | — | —% |
| Forescout Technologies, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | L + | 8.00% | 8/18/2025 | — | (77) | — | —% |
| Delta TopCo, Inc. (dba Infoblox, Inc.)(6)(11)(15) | Second lien senior secured loan | SR + | 7.25% | 12/1/2028 | 20,000 | 19,922 | 18,600 | 0.5% |
| H&F Opportunities LUX III S.À R.L (dba Checkmarx)(6)(7)(15)(25) | First lien senior secured loan | L + | 7.50% | 4/16/2026 | 148,889 | 146,162 | 148,889 | 4.4% |
| H&F Opportunities LUX III S.À R.L (dba Checkmarx)(6)(15)(16)(17)(25) | First lien senior secured revolving loan | L + | 7.50% | 4/16/2026 | — | (411) | — | —% |
| Ivanti Software, Inc.(6)(8)(15) | Second lien senior secured loan | L + | 7.25% | 12/1/2028 | 21,000 | 20,500 | 15,750 | 0.5% |
| Ping Identity Holding Corp.(6)(10)(15) | First lien senior secured loan | SR + | 7.00% | 10/17/2029 | 909 | 896 | 895 | —% |
| Ping Identity Holding Corp.(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 7.00% | 10/17/2028 | — | (1) | (1) | —% |
| Rubrik, Inc.(6)(12)(15) | First lien senior secured loan | SR + | 6.50% | 6/10/2027 | 6,282 | 6,168 | 6,219 | 0.2% |
| Rubrik, Inc.(6)(11)(15)(16) | First lien senior secured delayed draw term loan | SR + | 7.00% | 6/10/2027 | 305 | 305 | 298 | —% |
| SailPoint Technologies Holdings, Inc.(6)(10)(15) | First lien senior secured loan | SR + | 6.25% | 8/16/2029 | 45,640 | 44,713 | 44,727 | 1.3% |
| SailPoint Technologies Holdings, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 6.25% | 8/16/2028 | — | (82) | (87) | —% |
| Securonix, Inc.(6)(11)(15) | First lien senior secured loan | SR + | 6.50% | 4/5/2028 | 19,774 | 19,596 | 19,576 | 0.6% |
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Securonix, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 6.50% | 4/5/2028 | — | (31) | (36) | —% | |||
| Tahoe Finco, LLC(6)(7)(15)(25) | First lien senior secured loan | L + | 6.00% | 9/29/2028 | 172,093 | 170,618 | 169,081 | 4.9% | |||
| Tahoe Finco, LLC(6)(15)(16)(17)(25) | First lien senior secured revolving loan | L + | 6.00% | 10/1/2027 | — | (102) | (226) | —% | |||
| Talon MidCo 2 Limited (dba Tufin)(6)(12)(15) | First lien senior secured loan | SR + | 7.69% | 8/25/2028 | 2,404 | 2,358 | 2,361 | 0.1% | |||
| Talon MidCo 2 Limited (dba Tufin)(6)(15)(16)(18) | First lien senior secured delayed draw term loan | SR + | 7.69% | 8/26/2024 | — | — | — | —% | |||
| Talon MidCo 2 Limited (dba Tufin)(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 7.69% | 8/25/2028 | — | (2) | (2) | —% | |||
| 1,088,935 | 1,079,041 | 1,076,508 | 31.6% | ||||||||
| Thrifts & Mortgage Finance | |||||||||||
| Blend Labs, Inc.(6)(10)(15) | First lien senior secured loan | SR + | 7.50% | 7/1/2026 | 112,500 | 110,458 | 110,531 | 3.3% | |||
| Blend Labs, Inc.(6)(15)(16)(17) | First lien senior secured revolving loan | SR + | 7.50% | 7/1/2026 | — | (87) | (219) | —% | |||
| 112,500 | 110,371 | 110,312 | 3.3% | ||||||||
| Total non-controlled/non-affiliated portfolio company debt investments | 5,240,019 | 5,201,980 | 5,130,132 | 151.2% | |||||||
| Equity Investments | |||||||||||
| Aerospace & Defense | |||||||||||
| Space Exploration Technologies Corp.(15)(19)(26) | Class A Common Stock | N/A | N/A | 419,311 | 23,012 | 31,579 | 0.9% | ||||
| Space Exploration Technologies Corp.(15)(19)(26) | Class C Common Stock | N/A | N/A | 84,250 | 4,011 | 6,345 | 0.2% | ||||
| 27,023 | 37,924 | 1.1% | |||||||||
| Application Software | |||||||||||
| 6Sense Insights, Inc.(15)(19)(26) | Series E-1 Preferred Stock | N/A | N/A | 1,264,514 | 40,066 | 37,376 | 1.1% | ||||
| Alpha Partners Technology Merger Corp(2)(25)(26) | Common Stock | N/A | N/A | 2,000,000 | 20,027 | 20,400 | 0.6% | ||||
| Alpha Partners Technology Merger Corp(25)(26) | Sponsor Shares | N/A | N/A | 100,000 | 1,000 | 1,783 | 0.1% | ||||
| Diligent Preferred Issuer, Inc. (dba Diligent Corporation)(15)(19)(28) | Preferred Stock | 10.50% PIK | N/A | 15,000 | 17,125 | 16,587 | 0.5% | ||||
| EShares, Inc. (dba Carta)(19)(26) | Series E Preferred Stock | N/A | N/A | 186,904 | 2,008 | 8,309 | 0.2% | ||||
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(15)(19)(25)(26) | LP Interest | N/A | N/A | 2,280,564 | 2,281 | 2,281 | 0.1% | ||||
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MessageBird BidCo B.V.(15)(19)(25)(26) | Extended Series C Warrants | N/A | N/A | 191,530 | 1,174 | 138 | —% | |||
| Nylas, Inc.(19)(26) | Series C Preferred Stock | N/A | N/A | 2,088,467 | 15,009 | 10,043 | 0.3% | |||
| Project Alpine Co-Invest Fund, LP(15)(19)(25)(26) | LP Interest | N/A | N/A | 3,643,669 | 3,646 | 3,644 | 0.1% | |||
| Saturn Ultimate, Inc.(15)(19)(26) | Common Stock | N/A | N/A | 5,580,593 | 25,008 | 54,016 | 1.6% | |||
| Zoro TopCo, Inc. (dba Zendesk, Inc.)(15)(19)(28) | Series A Preferred Equity | 12.50% PIK | N/A | 7,114 | 6,865 | 6,901 | 0.2% | |||
| Zoro TopCo, L.P. (dba Zendesk, Inc.)(15)(19)(26) | Class A Common Units | N/A | N/A | 592,872 | 5,929 | 5,929 | 0.2% | |||
| 140,138 | 167,407 | 5.0% | ||||||||
| Capital Markets | ||||||||||
| Robinhood Markets, Inc.(2)(15)(25)(26) | Common Stock | N/A | N/A | 2,416,000 | 64,334 | 19,666 | 0.6% | |||
| 64,334 | 19,666 | 0.6% | ||||||||
| Construction & Engineering | ||||||||||
| Dodge Construction Network Holdings, L.P.(15)(19)(28) | Series A Preferred Units | 8.25% | N/A | — | 70 | 69 | —% | |||
| Dodge Construction Network Holdings, L.P.(15)(19)(26) | Class A-2 Common Units | N/A | N/A | 3,333,333 | 2,841 | 2,834 | 0.1% | |||
| 2,911 | 2,903 | 0.1% | ||||||||
| Consumer Finance | ||||||||||
| Remitly Global, Inc.(2)(26) | Common Stock | N/A | N/A | 2,772,231 | 20,008 | 31,742 | 0.9% | |||
| 20,008 | 31,742 | 0.9% | ||||||||
| Diversified Consumer Services | ||||||||||
| SLA Eclipse Co-Invest, L.P.(3)(19)(25)(26) | LP Interest | N/A | N/A | 15,000 | 15,153 | 12,216 | 0.4% | |||
| 15,153 | 12,216 | 0.4% | ||||||||
| Diversified Financial Services | ||||||||||
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(15)(16)(19)(25)(26) | LLC Interest | N/A | N/A | — | — | — | —% | |||
| AAM Series 2.1 Aviation Feeder, LLC(15)(16)(19)(25)(26) | LLC Interest | N/A | N/A | 87,111 | 87 | 87 | —% | |||
| Amergin Asset Management, LLC(15)(19)(25)(26) | Class A Units | N/A | N/A | 50,000,000 | — | — | —% | |||
| Brex, Inc.(19)(26) | Preferred Stock | N/A | N/A | 143,943 | 5,012 | 5,000 | 0.1% | |||
| 5,099 | 5,087 | 0.1% | ||||||||
| Health Care Technology | ||||||||||
| BEHP Co-Investor II, L.P.(15)(19)(25)(26) | LP Interest | N/A | N/A | 1,269,969 | 1,266 | 1,270 | —% | |||
| Minerva Holdco, Inc. (dba Athenahealth, Inc.)(15)(19)(28) | Series A Preferred Stock | 10.75% PIK | N/A | 50,000 | 52,525 | 48,103 | 1.4% | |||
| Wp Irving Co-Invest, L.P.(15)(19)(25)(26) | Partnership Units | N/A | N/A | 1,250,000 | 1,267 | 1,250 | —% | |||
| 55,058 | 50,623 | 1.4% | ||||||||
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Hotels, Restaurants & Leisure | ||||||||||
| Toast, Inc.(19)(26) | Warrants | N/A | N/A | 5,762,612 | 36,254 | 39,471 | 1.2% | |||
| Toast, Inc.(2)(26) | Common Stock | N/A | N/A | 322,578 | 6,398 | 5,816 | 0.2% | |||
| VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)(15)(19)(28) | Series A Preferred Stock | 6.00% PIK | N/A | 25,000 | 26,523 | 26,257 | 0.8% | |||
| 69,175 | 71,544 | 2.2% | ||||||||
| Internet & Direct Marketing Retail | ||||||||||
| Kajabi Holdings, LLC(19)(26) | Class D Units | N/A | N/A | 4,126,175 | 50,025 | 42,343 | 1.3% | |||
| Klaviyo, Inc.(19)(26) | Common Stock | N/A | N/A | 1,198,270 | 40,018 | 40,000 | 1.2% | |||
| Linked Store Cayman Ltd. (dba Nuvemshop)(15)(19)(25)(26) | Series E Preferred Stock | N/A | N/A | 19,499 | 42,496 | 40,370 | 1.2% | |||
| 132,539 | 122,713 | 3.7% | ||||||||
| IT Services | ||||||||||
| E2Open Parent Holdings, Inc.(2)(25)(26) | Class A Common Stock | N/A | N/A | 1,650,943 | 17,504 | 9,691 | 0.3% | |||
| JumpCloud, Inc.(19)(26) | Series B Preferred Stock | N/A | N/A | 756,590 | 4,531 | 3,316 | 0.1% | |||
| JumpCloud, Inc.(19)(26) | Series F Preferred Stock | N/A | N/A | 6,679,245 | 40,017 | 39,002 | 1.2% | |||
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(15)(19)(28) | Perpetual Preferred Stock | 11.75% PIK | N/A | 7,500 | 7,322 | 7,406 | 0.2% | |||
| Replicated, Inc.(19)(26) | Series C Preferred Stock | N/A | N/A | 1,277,832 | 20,008 | 17,299 | 0.5% | |||
| Starboard Value Acquisition Corp. (dba Cyxtera Technologies, Inc.)(2)(25)(26) | Common Stock | N/A | N/A | 1,500,000 | 15,014 | 2,880 | 0.1% | |||
| WMC Bidco, Inc. (dba West Monroe)(15)(19)(28) | Senior Preferred Stock | 11.25% PIK | N/A | 57,231 | 61,847 | 59,073 | 1.7% | |||
| 166,243 | 138,667 | 4.1% | ||||||||
| Professional Services | ||||||||||
| BCTO WIW Holdings, Inc. (dba When I Work)(15)(19)(26) | Class A Common Stock | N/A | N/A | 70,000 | 7,000 | 6,305 | 0.2% | |||
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(15)(19)(28) | Series A Preferred Stock | 10.50% PIK | N/A | 28,000 | 29,482 | 27,250 | 0.8% | |||
| Thunder Topco L.P. (dba Vector Solutions)(15)(19)(26) | Common Units | N/A | N/A | 7,857,410 | 7,857 | 7,762 | 0.2% | |||
| 44,339 | 41,317 | 1.2% | ||||||||
| Road & Rail | ||||||||||
| Bolt Technology OÜ(19)(25)(26) | Preferred Stock | N/A | N/A | 43,478 | 11,318 | 10,306 | 0.3% | |||
| 11,318 | 10,306 | 0.3% | ||||||||
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Systems Software | |||||||||||
| Algolia, Inc.(19)(26) | Series C Preferred Stock | N/A | N/A | 970,281 | 10,000 | 24,314 | 0.7% | ||||
| Algolia, Inc.(19)(26) | Series D Preferred Stock | N/A | N/A | 136,776 | 4,000 | 3,790 | 0.1% | ||||
| Arctic Wolf Networks, Inc.(19)(26) | Preferred Stock | N/A | N/A | 3,032,840 | 25,036 | 29,564 | 0.9% | ||||
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(15)(19)(26) | Common Units | N/A | N/A | 12,692,160 | 12,692 | 12,480 | 0.4% | ||||
| Circle Internet Services, Inc.(19)(26) | Series D Preferred Stock | N/A | N/A | 2,934,961 | 15,000 | 42,223 | 1.2% | ||||
| Circle Internet Services, Inc.(19)(26) | Series E Preferred Stock | N/A | N/A | 821,806 | 6,917 | 12,368 | 0.4% | ||||
| Circle Internet Services, Inc.(19)(26) | Series F Preferred Stock | N/A | N/A | 75,876 | 1,500 | 1,435 | —% | ||||
| Circle Internet Services, Inc.(19)(26) | Warrants | N/A | N/A | 244,580 | — | 2,380 | 0.1% | ||||
| Elliott Alto Co-Investor Aggregator L.P.(15)(19)(25)(26) | LP Interest | N/A | N/A | 1,567 | 1,572 | 1,567 | —% | ||||
| Exabeam, Inc.(15)(19)(26) | Series F Preferred Stock | N/A | N/A | 2,051,634 | 59,923 | 53,790 | 1.6% | ||||
| Exabeam, Inc.(15)(19)(26) | Common Stock | N/A | N/A | 1,289,034 | 35,745 | 29,161 | 0.9% | ||||
| Halo Parent Newco, LLC(15)(19)(28) | Class H PIK Preferred Equity | 11.00% PIK | N/A | 5,000 | 5,613 | 5,218 | 0.2% | ||||
| Project Hotel California Co-Invest Fund, L.P. (15)(19)(25)(26) | LP Interest | N/A | N/A | 2,684,708 | 2,687 | 2,685 | 0.1% | ||||
| Illumio, Inc.(19)(26) | Series F Preferred Stock | N/A | N/A | 2,483,618 | 16,683 | 15,781 | 0.5% | ||||
| Illumio, Inc.(19)(26) | Common Stock | N/A | N/A | 358,365 | 2,432 | 1,727 | 0.1% | ||||
| Picard Holdco, LLC(6)(11)(15)(19) | Series A Preferred Stock | SR + | 12.00% PIK | N/A | 12,848 | 12,484 | 12,463 | 0.4% | |||
| Securiti, Inc.(15)(19)(26) | Series C Preferred Stock | N/A | N/A | 2,525,571 | 20,004 | 20,000 | 0.6% | ||||
| 232,288 | 270,946 | 8.2% | |||||||||
| Thrifts & Mortgage Finance | |||||||||||
| Blend Labs, Inc.(2)(15)(26) | Common Stock | N/A | N/A | 216,953 | 3,000 | 312 | —% | ||||
| Blend Labs, Inc.(15)(19)(26) | Warrants | N/A | N/A | 299,216 | 1,625 | 8 | —% | ||||
| 4,625 | 320 | —% | |||||||||
| Total non-controlled/non-affiliated portfolio company equity investments | 990,251 | 983,381 | 29.3% | ||||||||
| Total non-controlled/non-affiliated portfolio company investments | 6,192,231 | 6,113,513 | 180.5% | ||||||||
| Company(1)(20)(22) · Investment · Interest · Maturity Date · Par / Units · Amortized Cost(4)(5) · Fair Value · Percentage of Net Assets | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Non-controlled/affiliated portfolio company investments | ||||||||||
| Equity Investments | ||||||||||
| Systems Software | ||||||||||
| Help HP SCF Investor, LP(15)(19)(23)(26) | LP Interest | N/A | N/A | 59,332 | 59,379 | 65,192 | 1.9% | |||
| Split Software, Inc.(19)(23)(26) | Series D Non-Participating Convertible Preferred Stock | N/A | N/A | 12,335,526 | 30,005 | 27,836 | 0.8% | |||
| 89,384 | 93,028 | 2.7% | ||||||||
| Insurance | ||||||||||
| Fifth Season Investments LLC(15)(19)(23)(26) | Class A Units | N/A | N/A | 8 | 25,258 | 25,110 | 0.7% | |||
| 25,258 | 25,110 | 0.7% | ||||||||
| Internet & Direct Marketing Retail | ||||||||||
| Signifyd Inc.(19)(23)(28) | Series E Preferred Stock | 9.00% PIK | N/A | 2,755,121 | 116,803 | 109,216 | 3.2% | |||
| 116,803 | 109,216 | 3.2% | ||||||||
| Pharmaceuticals | ||||||||||
| LSI Financing 1 DAC(15)(19)(23)(25)(26) | Preferred Equity | N/A | N/A | 4,013,497 | 4,046 | 4,013 | 0.1% | |||
| 4,046 | 4,013 | 0.1% | ||||||||
| Total non-controlled/affiliated portfolio company equity investments | 235,491 | 231,367 | 6.7% | |||||||
| Total non-controlled/affiliated portfolio company investments | 235,491 | 231,367 | 6.7% | |||||||
| Controlled/affiliated portfolio company investments | ||||||||||
| Equity Investments | ||||||||||
| Diversified Financial Services | ||||||||||
| Revolut Ribbit Holdings, LLC(19)(24)(25)(26) | LLC Interest | N/A | N/A | 75,000 | 75,251 | 66,509 | 2.0% | |||
| 75,251 | 66,509 | 2.0% | ||||||||
| Total controlled/affiliated portfolio company equity investments | $75,251 | $66,509 | 2.0% | |||||||
| Total controlled/affiliated portfolio company investments | $75,251 | $66,509 | 2.0% | |||||||
| Total Investments | $6,502,973 | $6,411,389 | 189.2% | |||||||
(1)Unless otherwise indicated, all investments are considered Level 3 investments.
(2)Level 1 investment.
(3)Level 2 investment.
(4)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.
(5)As of December 31, 2022, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $57.7 million based on a tax cost basis of $6.5 billion. As of December 31, 2022, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $196.8 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $139.1 million.
(6)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 London Interbank Offered Rate (“LIBOR” or “L”) (which can include one-, two-, three-, six-, or twelve-month LIBOR), Secured Overnight Financing Rate ("SOFR" or "SR", which can include one-, three- or six-month SOFR), British Pound Sterling LIBOR ("GBPLIBOR" or "G"), Euro Interbank Offered Rate ("EURIBOR" or "E", which can include three- or six-month EURIBOR), Sterling Overnight Interbank Average Rate ("SONIA" or "SA"), Canadian Dollar Offered Rate ("CDOR" or "C"), or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate ("Prime" or "P")), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.
(7)The interest rate on these loans is subject to 1 month LIBOR, which as of December 31, 2022 was 4.39%.
(8)The interest rate on these loans is subject to 3 month LIBOR, which as of December 31, 2022 was 4.77%.
(9)The interest rate on these loans is subject to 6 month LIBOR, which as of December 31, 2022 was 5.14%.
(10)The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2022 was 4.36%.
(11)The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2022 was 4.59%.
(12)The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2022 was 4.78%.
(13)The interest rate on these loans is subject to SONIA, which as of December 31, 2022 was 3.43%.
(14)The interest rate on these loans is subject to 3 month EURIBOR, which as of December 31, 2022 was 2.13%.
(15)Represents co-investment made with the Company’s affiliates in accordance with the terms of an order for exemptive relief that an affiliate of the Company's investment adviser received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions”.
(16)Position or portion thereof is an unfunded loan commitment. See Note 7 “Commitments and Contingencies”.
(17)The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.
(18)The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.
(19)Security acquired in transaction exempt from registration under the Securities Act of 1933 and may be deemed to be “restricted securities" under the Securities Act. As of December 31, 2022, the aggregate fair value of these securities is $1.2 million or 35.1% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:
| Portfolio Company | Investment | Acquisition Date |
|---|---|---|
| 6Sense Insights, Inc. | Series E-1 Preferred Stock | January 20, 2022 |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC | LLC Interest | July 1, 2022 |
| AAM Series 2.1 Aviation Feeder, LLC | LLC Interest | July 1, 2022 |
| Algolia, Inc. | Series C Preferred Stock | August 30, 2019 |
| Algolia, Inc. | Series D Preferred Stock | July 19, 2021 |
| Project Alpine Co-Invest Fund, LP | LP Interest | June 13, 2022 |
| Amergin Asset Management, LLC | Class A Units | July 1, 2022 |
| Arctic Wolf Networks, Inc. | Preferred Stock | July 7, 2021 |
| BCTO WIW Holdings, Inc. (dba When I Work) | Class A Common Stock | November 2, 2021 |
| BEHP Co-Investor II, L.P. | LP Interest | May 11, 2022 |
| Blend Labs, Inc. | Warrants | July 2, 2021 |
| Bolt Technology OÜ | Preferred Stock | December 10, 2021 |
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi) | Common Units | October 1, 2021 |
| Brex, Inc. | Preferred Stock | November 30, 2021 |
| Circle Internet Services, Inc. | Series D Preferred Stock | May 20, 2019 |
| Circle Internet Services, Inc. | Series E Preferred Stock | February 28, 2020 |
| Circle Internet Services, Inc. | Series F Preferred Stock | May 4, 2021 |
| Circle Internet Services, Inc. | Warrants | May 20, 2019 |
| Diligent Preferred Issuer, Inc. (dba Diligent Corporation) | Preferred Stock | April 6, 2021 |
| Dodge Construction Network Holdings, L.P. | Class A-2 Common Units | February 23, 2022 |
| Dodge Construction Network Holdings, L.P. | Series A Preferred Units | February 23, 2022 |
| Elliott Alto Co-Investor Aggregator L.P. | LP Interest | September 27, 2022 |
| EShares, Inc. (dba Carta) | Series E Preferred Stock | August 1, 2019 |
| Exabeam, Inc. | Series F Preferred Stock | May 13, 2021 |
| Exabeam, Inc. | Common Stock | June 25, 2021 |
| Fifth Season Investments LLC | Class A Units | July 18, 2022 |
| Portfolio Company | Investment | Acquisition Date |
|---|---|---|
| Halo Parent Newco, LLC | Class H PIK Preferred Equity | October 15, 2021 |
| Help HP SCF Investor, LP | LP Interest | April 28, 2021 |
| Project Hotel California Co-Invest Fund, L.P. | LP Interest | August 9, 2022 |
| Illumio, Inc. | Common Stock | June 23, 2021 |
| Illumio, Inc. | Series F Preferred Stock | August 27, 2021 |
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC) | LP Interest | June 8, 2022 |
| JumpCloud, Inc. | Series B Preferred Stock | December 30, 2021 |
| JumpCloud, Inc. | Series F Preferred Stock | September 3, 2021 |
| Kajabi Holdings, LLC | Class D Units | March 24, 2021 |
| Klaviyo, Inc. | Common Stock | May 4, 2021 |
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.) | Perpetual Preferred Stock | June 22, 2022 |
| Linked Store Cayman Ltd. (dba Nuvemshop) | Series E Preferred Stock | August 9, 2021 |
| LSI Financing 1 DAC | Preferred Equity | December 14, 2022 |
| MessageBird BidCo B.V. | Extended Series C Warrants | May 5, 2021 |
| Minerva Holdco, Inc. (dba Athenahealth, Inc.) | Series A Preferred Stock | February 15, 2022 |
| Nylas, Inc. | Series C Preferred Stock | June 3, 2021 |
| Picard Holdco, LLC | Series A Preferred Stock | September 30, 2022 |
| Replicated, Inc. | Series C Preferred Stock | June 30, 2021 |
| Revolut Ribbit Holdings, LLC | LLC Interest | September 30, 2021 |
| Saturn Ultimate, Inc. | Common Stock | December 29, 2021 |
| Securiti, Inc. | Series C Preferred Stock | July 28, 2022 |
| Signifyd Inc. | Series E Preferred Stock | April 8, 2021 |
| SLA Eclipse Co-Invest, L.P. | LP Interest | September 30, 2019 |
| Space Exploration Technologies Corp. | Class A Common Stock | March 25, 2021 |
| Space Exploration Technologies Corp. | Class C Common Stock | March 25, 2021 |
| Split Software, Inc. | Series D Non-Participating Convertible Preferred Stock | August 13, 2021 |
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.) | Series A Preferred Stock | October 15, 2021 |
| Thunder Topco L.P. (dba Vector Solutions) | Common Units | June 30, 2021 |
| Toast, Inc. | Warrants | June 21, 2021 |
| VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.) | Series A Preferred Stock | October 15, 2021 |
| WMC Bidco, Inc. (dba West Monroe) | Senior Preferred Stock | November 9, 2021 |
| Wp Irving Co-Invest, L.P. | Partnership Units | May 18, 2022 |
| Zoro TopCo, Inc. (dba Zendesk, Inc.) | Series A Preferred Equity | November 22, 2022 |
| Zoro TopCo, L.P. (dba Zendesk, Inc.) | Class A Common Units | November 22, 2022 |
(20)Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 6 “Debt”.
(21)This portfolio company is not pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 6 "Debt".
(22)Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
(23)Under the Investment Company Act of 1940, as amended (the "1940 Act"), the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the year ended December 31, 2022 in which the Company was an Affiliated Person of the portfolio company are as follows:
| Company | Fair Value at December 31, 2021 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gain/(Loss) | Realized Gain/(Loss) | Transfers | Fair Value at December 31, 2022 | Other Income | Interest Income |
|---|---|---|---|---|---|---|---|---|---|
| Help HP SCF Investor, LP | $61,268 | $— | $— | $3,924 | $— | $— | $65,192 | $— | $— |
| Fifth Season Investments LLC | — | 28,354 | (3,200) | (148) | 104 | — | 25,110 | 66 | — |
| LSI Financing 1 DAC | — | 4,046 | — | (33) | — | — | 4,013 | — | — |
| Signifyd Inc. | 106,938 | 9,865 | — | (7,587) | — | — | 109,216 | 9,865 | — |
| Split Software, Inc. | 30,000 | — | — | (2,164) | — | — | 27,836 | — | — |
| UserZoom Technologies, Inc. | 71,164 | 1,476 | (95,068) | (14,443) | 36,871 | — | — | 1,476 | — |
| Total | $269,370 | $43,741 | $(98,268) | $(20,451) | $36,975 | $— | $231,367 | $11,407 | $— |
(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on debt investments, as applicable.
(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on debt investments, as applicable.
(24)As defined in the 1940 act, the Company is deemed to be both an "Affiliated Person" and has "Control" of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). The Company’s investments in affiliates for the period ended December 31, 2022 were as follows:
| Company | Fair Value at December 31, 2021 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gain/(Loss) | Realized Gain/(Loss) | Transfers | Fair Value at December 31, 2022 | Other Income | Interest Income |
|---|---|---|---|---|---|---|---|---|---|
| Revolut Ribbit Holdings, LLC | $75,000 | $20 | $— | $(8,511) | $— | $— | $66,509 | $— | $— |
| Total | $75,000 | $20 | $— | $(8,511) | $— | $— | $66,509 | $— | $— |
(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on debt investments, as applicable.
(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on debt investments, as applicable.
(25)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, 2022, non-qualifying assets represented 22.9% of total assets as calculated in accordance with the regulatory requirements.
(26)Non-income producing investment.
(27)Loan was on non-accrual status as of December 31, 2022.
(28)Contains a fixed-rate structure.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.