ncdlc-20260630

This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on our current expectations and estimates, our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation:

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. Important assumptions include our ability to originate new loans and investments, certain margins and levels of profitability and the availability of additional capital. In light of these and other uncertainties, the inclusion of forward-looking statements in this report should not be regarded as a representation by us that our plans and objectives will be achieved. These forward-looking statements apply only as of the date of this report. Moreover, we assume no duty and do not undertake to update the forward-looking statements except as otherwise provided by law.


	June 30, 2026		December 31, 2025

Assets	(Unaudited)
Investments
Non-controlled/non-affiliated company investments, at fair value (cost of $1,971,534 and $2,001,207, respectively)	$	1,918,917	$	1,962,449
Cash	4,997		8,554
Cash equivalents	40,759		53,927



Interest receivable	13,491		13,729
Derivative asset, at fair value (Note 4)	8,534		14,965
Receivable for investments sold	838		518


Other assets	409		327
Total assets	$	1,987,945	$	2,054,469

Liabilities
Debt (net of $8,005 and $8,511 deferred financing and issuance costs, respectively, and net of unamortized discount of $415 and $471, respectively) (See Note 7)	$	1,088,504	$	1,115,052

Interest payable	14,359		15,350
Incentive fees payable	646		2,809


Management fees payable	4,933		5,048
Collateral due to broker	9,190		14,750
Distributions payable	18,741		22,224
Directors’ fees payable	142		156
Accounts payable and accrued expenses	2,465		3,900
Total liabilities	1,138,980		1,179,289

Commitments and contingencies (See Note 8)

Net Assets: (See Note 9)

Common shares, $0.01 par value, 500,000,000 and 500,000,000 shares authorized, 49,387,065 and 49,387,065 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	494		494
Paid-in-capital in excess of par value	930,393		930,393
Total distributable earnings (loss)	(81,922)		(55,707)
Total net assets	848,965		875,180

Total liabilities and net assets	$	1,987,945	$	2,054,469

Net asset value per share (See Note 11)	$	17.19	$	17.72


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Investment income:
Non-controlled/non-affiliated company investments:
Interest income	$	41,810	$	50,213	$	84,672	$	101,059
Payment-in-kind interest income	2,391		2,264		5,513		4,629
Dividend income	—		116		—		116
Other income	129		539		403		914
Total investment income	44,330		53,132		90,588		106,718

Expenses:
Interest and debt financing expenses	16,565		20,105		34,314		40,748
Management fees (See Note 6)	4,933		5,179		9,873		9,093
Incentive fees on net investment income (See Note 6)	646		2,827		2,181		5,080

Professional fees	1,007		1,108		1,770		1,601
Directors' fees	142		156		304		312
Administration fees (See Note 6)	593		490		1,273		1,076
Other general and administrative expenses	223		411		608		753
Total expenses before incentive fees waived	24,109		30,276		50,323		58,663

Incentive fees waived (See Note 6)	—		—		—		(2,253)
Net expenses after incentive fees waived	24,109		30,276		50,323		56,410


Net investment income	20,221		22,856		40,265		50,308

Realized and unrealized gain (loss) on investments:
Net realized gain (loss) on non-controlled/non-affiliated company investments	(11,261)		(10,702)		(14,550)		(9,599)
Net change in unrealized appreciation (depreciation):
Non-controlled/non-affiliated company investments	(6,046)		3,770		(13,859)		(9,803)
Income tax (provision) benefit	680		92		425		131
Total net change in unrealized appreciation (depreciation)	(5,366)		3,862		(13,434)		(9,672)
Total net realized and unrealized gain (loss) on investments	(16,627)		(6,840)		(27,984)		(19,271)

Net increase (decrease) in net assets resulting from operations	$	3,594	$	16,016	$	12,281	$	31,037

Per share data:

Net increase (decrease) in net assets resulting from operations per share - basic and diluted	$	0.07	$	0.32	$	0.25	$	0.61
Weighted average common shares outstanding - basic and diluted	49,387,065		50,183,714		49,387,065		51,191,926


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Increase (decrease) in net assets resulting from operations:
Net investment income	$	20,221	$	22,856	$	40,265	$	50,308
Net realized gain (loss) on investments	(11,261)		(10,702)		(14,550)		(9,599)
Total net change in unrealized appreciation (depreciation)	(5,366)		3,862		(13,434)		(9,672)
Net increase (decrease) in net assets resulting from operations	3,594		16,016		12,281		31,037
Shareholder distributions:
Distributions declared from distributable earnings	(18,741)		(22,297)		(38,496)		(50,562)
Net increase (decrease) in net assets resulting from shareholder distributions	(18,741)		(22,297)		(38,496)		(50,562)
Capital share transactions:


Repurchases of common shares	—		(26,001)		—		(63,057)
Net increase (decrease) in net assets resulting from capital share transactions	—		(26,001)		—		(63,057)
Total increase (decrease) in net assets	(15,147)		(32,282)		(26,215)		(82,582)
Net assets, beginning of period	864,112		920,020		875,180		970,320
Net assets, end of period	$	848,965	$	887,738	$	848,965	$	887,738

(amounts in thousands, except share and per share data)


	Six Months Ended June 30,
	2026		2025
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations	$	12,281	$	31,037

Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities
Purchases of investments	(110,177)		(234,080)
Proceeds from principal repayments and sales of investments	132,495		310,552
Payment-in-kind interest	(5,396)		(4,629)
Amortization of (premium)/accretion of discount, net	(1,797)		(2,670)
Net realized (gain) loss on investments	14,550		9,599
Net change in unrealized (appreciation) depreciation on investments	13,859		9,803
Net adjustment for hedging transaction	(77)		(39)
Interest receivable payment on swap transaction	—		(7,983)
Amortization of deferred financing costs and original issue discount	1,987		2,598

Changes in operating assets and liabilities:

Interest receivable	238		770
Receivable for investments sold	(320)		81


Other assets	(82)		(543)
Payable for investments purchased	—		(14,874)
Interest payable	(991)		7,170

Incentive fee payable	(2,163)		2,827

Management fees payable	(115)		1,223
Collateral due to broker	(5,560)		18,570
Directors’ fees payable	(14)		28

Accounts payable and accrued expenses	(1,435)		(1,103)
Net cash provided by (used in) operating activities	47,283		128,337

Cash flows from financing activities:



Shareholder distributions	(41,979)		(57,733)
Repurchases of common shares	—		(63,057)
Proceeds from debt	301,000		849,322
Repayments on debt	(321,602)		(850,571)
Payments of deferred financing costs	(1,427)		(5,594)
Net cash provided by (used in) financing activities	(64,008)		(127,633)

Net increase (decrease) in cash and cash equivalents and restricted cash	(16,725)		704
Cash and cash equivalents and restricted cash, beginning of period	62,481		43,304
Cash and cash equivalents and restricted cash, end of period	$	45,756	$	44,008
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	$	33,318	$	30,980
Cash paid during the period for taxes	$	449	$	551


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount		Amortized Cost		Fair Value (4)		% of Net Assets (5)
Investments
Debt Investments
Aerospace & Defense
ERA Industries, LLC (BTX Precision)	(12)	First Lien Debt	S + 5.00%	8.64	%	7/25/2030	$	1,544	$	1,529	$	1,546	0.18	%
ERA Industries, LLC (BTX Precision)	(12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.64	%	7/25/2030	884		883		886		0.10	%
STS Holding, Inc.	(6) (12)	First Lien Debt	S + 4.75%	8.48	%	11/12/2030	3,447		3,421		3,355		0.40	%
Turbine Engine Specialists, Inc.	(10) (12)	Subordinated Debt	S + 9.50%	13.22	%	3/1/2029	809		793		814		0.10	%
Turbine Engine Specialists, Inc.	(10) (12)	Subordinated Debt	S + 9.50%	13.24	%	3/1/2029	2,492		2,456		2,505		0.30	%
Valkyrie Intermediate, LLC	(12)	Subordinated Debt	N/A	10.50% (Cash) 1.00% (PIK)		11/17/2027	2,909		2,892		2,872		0.33	%


Total Aerospace & Defense									11,974		11,978		1.41	%

Automotive
Covercraft Parent III, Inc.	(12) (16)	Subordinated Debt	N/A	14.50% (PIK)		2/20/2030	7,562		680		577		0.07	%
High Bar Brands Operating, LLC	(12)	Subordinated Debt	N/A	13.00	%	6/19/2030	2,088		2,055		2,004		0.24	%
JEGS Automotive	(12)	Revolving Loan	S + 7.00%	10.73% (PIK)		12/31/2029	238		238		238		0.03	%
JEGS Automotive	(12)	First Lien Debt	S + 8.90%	12.59% (PIK)		12/31/2029	1,439		1,439		1,439		0.17	%
RA Parent Holdings LP (S&S Truck Parts)	(6)	First Lien Debt	S + 4.75%	8.49	%	3/1/2029	1,130		1,125		1,127		0.13	%
RA Parent Holdings LP (S&S Truck Parts)	(6) (12)	First Lien Debt	S + 4.75%	8.49	%	3/1/2029	19,731		19,609		19,688		2.32	%
RA Parent Holdings LP (S&S Truck Parts)	(6)	First Lien Debt (Delayed Draw)	S + 4.75%	8.49	%	3/1/2029	1,681		1,681		1,677		0.20	%
RA Parent Holdings LP (S&S Truck Parts)	(6)	First Lien Debt (Delayed Draw)	S + 4.75%	8.49	%	3/1/2029	96		96		96		0.01	%
RA Parent Holdings LP (S&S Truck Parts)	(6)	First Lien Debt	S + 4.75%	8.49	%	3/1/2029	6,684		6,655		6,669		0.79	%
Randys Holdings, Inc. (Randy's Worldwide Automotive)	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.64	%	11/1/2029	3,706		3,670		3,621		0.42	%
Randys Holdings, Inc. (Randy's Worldwide Automotive)	(6) (9) (12)	First Lien Debt	S + 5.00%	8.64	%	11/1/2029	10,856		10,782		10,712		1.26	%
Total Automotive									48,030		47,848		5.64	%

Banking, Finance, Insurance, Real Estate
Aprio Advisory Group, LLC	(11) (12)	Revolving Loan	S + 4.75%	8.48	%	8/1/2031	8		—		—		—	%
Aprio Advisory Group, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	8/1/2031	92		6		5		—	%
Ascend Partner Services LLC	(6) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.20	%	8/11/2031	12,556		12,512		12,119		1.43	%
Ascend Partner Services LLC	(6)	First Lien Debt	S + 4.50%	8.13	%	8/11/2031	7,247		7,193		6,995		0.82	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Big Apple Advisory, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	11/18/2031	4,300	1,132	1,111	0.13	%
Big Apple Advisory, LLC	(11) (12)	Revolving Loan	S + 4.50%	8.23	%	11/18/2031	1,740	(13)	(15)	—	%
Big Apple Advisory, LLC	(12)	First Lien Debt	S + 4.50%	8.16	%	11/18/2031	8,843	8,774	8,767	1.03	%
Cohen Advisory, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.25%	7.98	%	12/31/2031	4,608	(18)	—	—	%
Cohen Advisory, LLC	(6)	First Lien Debt	S + 4.25%	7.98	%	12/31/2031	8,401	8,334	8,401	0.99	%
Compex Legal Services, Inc.	(12)	First Lien Debt	S + 5.75%	9.50	%	3/31/2028	100	99	99	0.01	%
Illumifin Corporation (Long Term Care Group)	(9) (12)	First Lien Debt	S + 6.00%	9.93	%	9/8/2027	7,242	7,242	6,937	0.82	%
Knight AcquireCo, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.15	%	11/8/2032	1,250	—	(8)	—	%
Knight AcquireCo, LLC	(6) (9)	First Lien Debt	S + 4.50%	8.15	%	11/8/2032	3,741	3,733	3,718	0.44	%
Patriot Growth Insurance Services, LLC	(6) (9) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.88	%	10/16/2028	6,992	6,964	6,838	0.81	%
Smith & Howard Advisory LLC	(6) (12)	First Lien Debt	S + 5.00%	8.68	%	11/26/2030	5,100	5,078	5,100	0.60	%
Vensure Employer Services, Inc.	(6) (9)	First Lien Debt	S + 5.00%	8.73	%	9/27/2031	3,253	3,234	3,204	0.38	%
World Insurance Associates, LLC	(6) (9) (12)	First Lien Debt	S + 5.00%	8.73	%	4/3/2030	14,547	14,544	14,381	1.69	%
Total Banking, Finance, Insurance, Real Estate								78,814	77,652	9.15	%

Beverage, Food & Tobacco
AmerCareRoyal, LLC	(6)	First Lien Debt	S + 5.00%	8.64	%	9/10/2030	709	704	695	0.08	%
AmerCareRoyal, LLC	(12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.64	%	9/10/2030	165	165	162	0.02	%
AmerCareRoyal, LLC	(12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.64	%	9/10/2030	113	113	111	0.01	%
Bardstown PPC Buyer LLC (Bardstown Bourbon Company)	(12)	Subordinated Debt	S + 7.75%	11.48	%	8/28/2030	9,300	9,249	8,836	1.04	%
BCPE North Star US Holdco 2, Inc. (Dessert Holdings)	(6) (9) (14)	Subordinated Debt	S + 7.25%	11.01	%	6/8/2029	6,245	6,192	6,202	0.73	%
Boardwalk Buyer LLC (Death Wish Coffee)	(6) (9)	First Lien Debt	S + 4.75%	8.58	%	9/28/2028	9,550	9,529	9,396	1.11	%
Commercial Bakeries Corp.	(6) (10) (12)	First Lien Debt	S + 5.25%	8.98	%	9/25/2029	16,849	16,653	16,770	1.98	%
Commercial Bakeries Corp.	(6) (10)	First Lien Debt	S + 5.25%	8.89	%	9/25/2029	1,994	1,984	1,984	0.23	%
FoodScience, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.58	%	11/14/2031	6,296	2,057	2,063	0.24	%
FoodScience, LLC	(6) (12)	First Lien Debt	S + 4.75%	8.49	%	11/14/2031	5,838	5,792	5,832	0.69	%
IF&P Holding Company, LLC (Fresh Edge)	(12)	Subordinated Debt	S + 4.50%	8.26% (Cash) 5.13% (PIK)		4/3/2029	4,405	4,359	4,280	0.50	%
IF&P Holding Company, LLC (Fresh Edge)	(12)	Subordinated Debt	S + 4.50%	8.26% (Cash) 5.13% (PIK)		4/3/2029	880	869	855	0.10	%
IF&P Holding Company, LLC (Fresh Edge)	(12)	Subordinated Debt	S + 4.50%	8.26% (Cash) 5.13% (PIK)		4/3/2029	1,041	1,027	1,011	0.12	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
L.A. Specialty Produce Co., LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.19	%	4/1/2033	20	—	—	—	%
L.A. Specialty Produce Co., LLC	(9) (12)	First Lien Debt	S + 4.50%	8.19	%	4/1/2033	80	80	80	0.01	%
Naturpak PPC Buyer LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.36	%	12/22/2032	1,111	244	235	0.03	%
Naturpak PPC Buyer LLC	(6)	First Lien Debt	S + 4.50%	8.23	%	12/22/2032	4,877	4,855	4,837	0.57	%
Nellson Nutraceutical, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 5.75%	9.48	%	4/17/2031	72	—	—	—	%
Nellson Nutraceutical, LLC	(9) (12)	First Lien Debt	S + 5.75%	9.48	%	4/17/2031	921	913	921	0.11	%
Palmetto Acquisitionco, Inc. (Tech24)	(6) (12)	First Lien Debt	S + 5.75%	9.49	%	9/18/2029	12,981	12,845	12,580	1.48	%
Palmetto Acquisitionco, Inc. (Tech24)	(12)	First Lien Debt (Delayed Draw)	S + 5.75%	9.44	%	9/18/2029	3,657	3,650	3,544	0.42	%
Razor Light, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	2/6/2032	1,435	(7)	(7)	—	%
Razor Light, Inc.	(11) (12)	Revolving Loan	S + 4.75%	8.48	%	2/6/2032	1,103	61	61	0.01	%
Razor Light, Inc.	(6) (12)	First Lien Debt	S + 4.75%	8.48	%	2/6/2032	7,443	7,410	7,408	0.87	%
Refresh Buyer, LLC (Sunny Sky Products)	(6) (12)	First Lien Debt	S + 4.75%	8.48	%	12/23/2028	6,916	6,880	6,801	0.80	%
Refresh Buyer, LLC (Sunny Sky Products)	(6) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	12/23/2028	1,751	1,751	1,722	0.20	%
Sara Lee Frozen Bakery, LLC (f/k/a KSLB Holdings, LLC)	(12)	First Lien Debt	S + 5.00%	8.81	%	7/30/2027	10,332	10,287	9,970	1.17	%
Sara Lee Frozen Bakery, LLC (f/k/a KSLB Holdings, LLC)	(12)	First Lien Debt	S + 5.00%	8.81	%	7/30/2027	9,385	9,332	9,055	1.07	%
Watermill Express, LLC	(9) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	4/30/2031	2,367	2,363	2,378	0.28	%
Watermill Express, LLC	(6) (9) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	4/30/2031	3,147	3,147	3,161	0.37	%
Watermill Express, LLC	(6) (9) (12)	First Lien Debt	S + 4.50%	8.23	%	4/30/2031	6,279	6,242	6,309	0.74	%
Watermill Express, LLC	(6) (9)	First Lien Debt	S + 4.50%	8.23	%	4/30/2031	3,202	3,202	3,217	0.38	%
Watermill Express, LLC	(6) (9)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	4/30/2031	309	309	311	0.04	%
Watermill Express, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	4/30/2031	1,880	(6)	9	—	%
Watermill Express, LLC	(9) (12)	First Lien Debt	S + 4.50%	8.23	%	4/30/2031	2,734	2,711	2,747	0.32	%
WCHG Buyer, Inc. (Handgards, LLC)	(6) (12)	First Lien Debt	S + 4.75%	8.42	%	4/10/2031	20,106	19,955	19,930	2.35	%
Total Beverage, Food & Tobacco								154,917	153,466	18.07	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Capital Equipment
Clean Solutions Buyer, Inc.	(12)	First Lien Debt	S + 4.50%	8.17	%	9/9/2030	935	928	920	0.11	%
Engineered Fastener Company, LLC (EFC International)	(12)	Subordinated Debt	N/A	11.00% (Cash) 2.50% (PIK)		5/1/2028	3,394	3,354	3,337	0.39	%
FirstCall Mechanical Group, LLC	(6)	First Lien Debt	S + 4.75%	8.48	%	6/27/2031	9,800	9,731	9,630	1.13	%
FirstCall Mechanical Group, LLC	(6) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	6/27/2031	19,744	19,733	19,402	2.29	%
Halfmoon Buyer, Inc.	(10) (12)	Subordinated Debt	N/A	12.00	%	12/26/2031	1,000	980	980	0.12	%
Heartland Home Services, Inc. (Helios Buyer, Inc.)	(9) (12)	First Lien Debt	S + 6.00%	9.83	%	12/15/2026	6,301	6,297	6,213	0.73	%
Heartland Home Services, Inc. (Helios Buyer, Inc.)	(6) (9) (12)	First Lien Debt (Delayed Draw)	S + 6.00%	9.83	%	12/15/2026	5,464	5,462	5,388	0.63	%
Heartland Home Services, Inc. (Helios Buyer, Inc.)	(9) (12)	First Lien Debt (Delayed Draw)	S + 6.00%	9.83	%	12/15/2026	2,505	2,505	2,471	0.29	%
Hyperion Materials & Technologies, Inc.	(9) (12) (14)	First Lien Debt	S + 4.75%	8.68	%	8/29/2031	2,586	2,566	2,496	0.29	%
Jetson Buyer, Inc. (E-Technologies Group, Inc.)	(6) (12)	First Lien Debt	S + 5.50%	9.23	%	4/9/2030	7,167	7,118	6,898	0.81	%
Ovation Holdings, Inc.	(12)	First Lien Debt (Delayed Draw)	S +4.75%	8.48	%	2/4/2030	7,799	7,743	7,763	0.91	%
Ovation Holdings, Inc.	(6)	First Lien Debt	S +4.75%	8.41	%	2/4/2030	934	927	930	0.11	%
Ovation Holdings, Inc.	(6)	First Lien Debt	S +4.75%	8.41	%	2/4/2030	7,833	7,750	7,797	0.91	%
Ovation Holdings, Inc.	(6)	First Lien Debt (Delayed Draw)	S +4.75%	8.41	%	2/4/2030	1,854	1,842	1,845	0.22	%
Rhino Intermediate Holding Company, LLC (Rhino Tool House)	(6)	First Lien Debt	S +5.25%	9.30	%	4/4/2029	9,379	9,290	9,220	1.09	%
Rhino Intermediate Holding Company, LLC (Rhino Tool House)	(6)	First Lien Debt (Delayed Draw)	S + 5.25%	9.16	%	4/4/2029	1,803	1,800	1,773	0.21	%
SkyMark Refuelers, LLC	(12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	12/16/2032	616	616	613	0.07	%
SkyMark Refuelers, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	12/16/2032	1,662	—	(8)	—	%
SkyMark Refuelers, LLC	(6)	First Lien Debt	S + 4.50%	8.17	%	12/16/2032	2,722	2,709	2,709	0.32	%
Specialty Manufacturing Holdings, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	3/31/2033	17	—	—	—	%
Specialty Manufacturing Holdings, LLC	(9) (12)	First Lien Debt	S + 4.50%	8.23	%	3/31/2033	83	83	83	0.01	%
USA Industries Holdings LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	12/10/2032	36	—	—	—	%
USA Industries Holdings LLC	(12)	First Lien Debt	S + 4.50%	8.17	%	12/10/2032	63	63	63	0.01	%
Vessco Midco Holdings, LLC	(6) (9) (12)	First Lien Debt	S + 4.50%	8.14	%	7/24/2031	13,706	13,598	13,458	1.59	%
Vessco Midco Holdings, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	7/24/2031	4,569	4,476	4,410	0.52	%
Vessco Midco Holdings, LLC	(9) (11) (12)	Revolving Loan	S + 4.50%	8.25	%	7/24/2031	1,726	(12)	(31)	—	%
Total Capital Equipment								109,559	108,360	12.76	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Chemicals, Plastics, & Rubber
Boulder Scientific Company, LLC	(6)	First Lien Debt	S + 4.50%	8.18	%	12/31/2027	1,962	1,971	1,962	0.23	%
Chroma Color Corporation	(6)	First Lien Debt	S + 4.25%	7.91	%	4/23/2029	6,155	6,092	6,086	0.72	%
Chroma Color Corporation	(6)	First Lien Debt (Delayed Draw)	S + 4.25%	7.98	%	4/23/2029	1,359	1,352	1,344	0.16	%
New Spartech Holdings LLC	(12)	First Lien Debt	S + 7.00%	10.65	%	3/31/2030	1,431	1,408	1,431	0.17	%
New Spartech Holdings LLC	(9) (12)	First Lien Debt	S + 1.00%	4.65% (Cash) 4.25% (PIK)		9/30/2030	2,465	2,465	1,816	0.21	%
Olympic Buyer, Inc. (Ascensus)	(9) (12)	First Lien Debt	S + 4.25%	7.99	%	6/30/2030	9,481	9,414	7,311	0.86	%
WCI-Momentum Bidco, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	12/31/2032	17	—	—	—	%
WCI-Momentum Bidco, LLC	(12)	First Lien Debt	S + 4.75%	8.48	%	12/31/2032	83	83	84	0.01	%
Total Chemicals, Plastics, & Rubber								22,785	20,034	2.36	%

Construction & Building
Athlete Buyer, LLC (Allstar Holdings)	(12)	Subordinated Debt	N/A	1.00% (Cash) 13.00% (PIK)		4/26/2030	2,659	2,619	2,200	0.26	%
Athlete Buyer, LLC (Allstar Holdings)	(12)	Subordinated Debt (Delayed Draw)	N/A	1.00% (Cash) 13.00% (PIK)		4/26/2030	5,061	5,024	4,188	0.49	%
Athlete Buyer, LLC (Allstar Holdings)	(12)	Subordinated Debt (Delayed Draw)	N/A	1.00% (Cash) 13.00% (PIK)		4/26/2030	6,422	6,373	5,314	0.63	%
Athlete Buyer, LLC (Allstar Holdings)	(11) (12)	Subordinated Debt (Delayed Draw)	N/A	13.00% (PIK)		4/26/2030	2,510	(23)	(433)	(0.05	%)
Bells Parent, Inc.	(9) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.68	%	4/25/2033	20	20	20	—	%
Bells Parent, Inc.	(9) (11) (12)	Revolving Loan	S + 5.00%	8.68	%	4/25/2033	13	—	—	—	%
Bells Parent, Inc.	(9) (12)	First Lien Debt	S + 5.00%	8.68	%	4/25/2033	67	67	67	0.01	%
Chase Industries, Inc.	(9) (12)	First Lien Debt	S + 5.00%	8.67	%	11/11/2029	100	99	99	0.01	%
Cobalt Service Partners, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	10/13/2031	3,153	2,528	2,516	0.30	%
Cobalt Service Partners, LLC	(6) (9)	First Lien Debt	S + 4.75%	8.48	%	10/13/2031	1,813	1,798	1,799	0.21	%
Cobalt Service Partners, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	10/13/2031	5,026	55	17	—	%
Gannett Fleming, Inc.	(6) (9) (12)	First Lien Debt	S + 4.50%	8.15	%	8/5/2030	17,558	17,368	17,452	2.06	%
Gannett Fleming, Inc.	(9) (11) (12)	Revolving Loan	S + 4.50%	8.16	%	8/5/2030	2,131	1,257	1,266	0.15	%
Heartland Paving Partners, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.73	%	8/9/2030	5,663	5,033	4,814	0.57	%
Heartland Paving Partners, LLC	(6) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.73	%	8/9/2030	5,651	5,643	5,424	0.64	%
Heartland Paving Partners, LLC	(6) (12)	First Lien Debt	S + 5.00%	8.73	%	8/9/2030	8,421	8,360	8,082	0.95	%
ICE USA Infrastructure, Inc.	(6) (12)	First Lien Debt	S + 5.75%	9.41	%	3/15/2030	6,472	6,428	6,385	0.75	%
Java Buyer, Inc.	(6) (9) (12)	First Lien Debt	S + 4.50%	8.23	%	12/15/2030	13,913	13,838	13,766	1.62	%
MEI Buyer LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.25%	7.87	%	6/29/2029	2,093	519	520	0.06	%
MEI Buyer LLC	(6) (12)	First Lien Debt	S + 4.25%	7.89	%	6/29/2029	11,144	11,015	11,146	1.31	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
MEI Buyer LLC	(12)	First Lien Debt (Delayed Draw)	S + 4.25%	7.89	%	6/29/2029	1,782	1,778	1,783	0.21	%
Rose Paving, LLC	(12)	Subordinated Debt (Delayed Draw)	N/A	12.00	%	5/7/2030	191	190	188	0.02	%
Rose Paving, LLC	(12)	Subordinated Debt	N/A	12.00	%	5/7/2030	2,937	2,911	2,894	0.34	%
Royal Holdco Corporation (RMA Companies)	(11) (12)	First Lien Debt (Delayed Draw)	S +4.50%	8.15	%	12/30/2030	3,430	2,548	2,516	0.30	%
Royal Holdco Corporation (RMA Companies)	(6) (12)	First Lien Debt	S + 4.50%	8.15	%	12/30/2030	16,316	16,242	16,035	1.89	%
SCIC Buyer, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	3/28/2031	2,628	(5)	26	—	%
SCIC Buyer, Inc.	(6) (12)	First Lien Debt	S + 4.75%	8.48	%	3/28/2031	14,628	14,504	14,774	1.74	%
WSB Engineering Holdings Inc.	(6)	First Lien Debt	S + 4.50%	8.17	%	8/31/2029	6,339	6,286	6,289	0.74	%
WSB Engineering Holdings Inc.	(6) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.16	%	8/31/2029	4,164	4,151	4,132	0.49	%
Total Construction & Building								136,626	133,279	15.70	%

Consumer Goods: Durable
DRS Holdings III, Inc.	(6) (9)	First Lien Debt	S + 5.25%	8.89	%	11/1/2028	2,748	2,748	2,739	0.32	%
Momentum Textiles, LLC	(12)	Subordinated Debt	N/A	10.00% (Cash) 3.00% (PIK)		9/25/2029	5,194	5,126	5,125	0.60	%
XpressMyself.com LLC (SmartSign)	(6) (12)	First Lien Debt	S + 5.50%	9.26	%	9/7/2028	9,625	9,590	9,625	1.13	%
XpressMyself.com LLC (SmartSign)	(6)	First Lien Debt	S + 5.75%	9.52	%	9/7/2028	4,899	4,853	4,899	0.58	%
Total Consumer Goods: Durable								22,317	22,388	2.63	%

Consumer Goods: Non-durable
Bradford Soap International, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.39	%	8/28/2031	1,000	—	—	—	%
Bradford Soap International, Inc.	(6)	First Lien Debt	S + 4.75%	8.39	%	8/28/2031	2,985	2,972	2,985	0.35	%
FoodServices Brand Group, LLC	(12)	Subordinated Debt	N/A	10.00% (Cash) 3.00% (PIK)		2/8/2030	3,156	3,092	3,056	0.36	%
KL Bronco Acquisition, Inc. (Elevation Labs)	(6)	First Lien Debt	S + 5.00%	8.76	%	6/30/2030	6,617	6,594	6,579	0.77	%
KL Bronco Acquisition, Inc. (Elevation Labs)	(12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.76	%	6/30/2030	2,451	2,443	2,437	0.29	%
MPG Parent Holdings, LLC (Market Performance Group)	(6) (12)	First Lien Debt	S + 5.00%	8.69	%	1/8/2030	12,335	12,258	12,357	1.46	%
MPG Parent Holdings, LLC (Market Performance Group)	(12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.69	%	1/8/2030	3,029	3,029	3,034	0.36	%
Total Consumer Goods: Non-durable								30,388	30,448	3.59	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Containers, Packaging & Glass
B2B Industrial Products, LLC (AMW Acquisition Company, Inc.)	(12)	First Lien Debt	S + 6.75%	10.63	%	10/7/2026	14,060	14,060	13,336	1.57	%
B2B Industrial Products, LLC (AMW Acquisition Company, Inc.)	(12)	First Lien Debt	S + 6.75%	10.63	%	10/7/2026	111	111	106	0.01	%
good2grow LLC	(6) (12)	First Lien Debt	S + 4.50%	8.32	%	12/1/2027	8,699	8,675	8,661	1.02	%
good2grow LLC	(6) (12)	First Lien Debt	S + 5.50%	9.32	%	12/1/2027	4,029	4,007	4,029	0.47	%
good2grow LLC	(6) (12)	First Lien Debt	S + 4.75%	8.57	%	12/1/2027	14,050	13,995	14,036	1.65	%
Ivex Holdco Inc. (Specialized Packaging Group)	(6) (10) (12)	First Lien Debt	S + 5.50%	9.34	%	12/17/2027	10,001	9,986	9,977	1.18	%
Ivex Holdco Inc. (Specialized Packaging Group)	(10) (12)	First Lien Debt	S + 5.50%	9.34	%	12/17/2027	4,299	4,299	4,289	0.51	%
Ivex Holdco Inc. (Specialized Packaging Group)	(6) (10) (12)	First Lien Debt	S + 5.50%	9.34	%	12/17/2027	6,723	6,723	6,707	0.79	%
Ivex Holdco Inc. (Specialized Packaging Group)	(10) (12)	First Lien Debt	S + 5.50%	9.34	%	12/17/2027	3,241	3,241	3,234	0.38	%
Oliver Packaging, LLC	(12)	Subordinated Debt	N/A	11.50% (PIK)		1/6/2029	2,955	2,936	2,544	0.30	%
Oliver Packaging, LLC	(12)	Subordinated Debt	N/A	13.00% (PIK)		1/6/2029	559	553	500	0.06	%
Oliver Packaging, LLC	(12)	Subordinated Debt	N/A	13.00% (PIK)		1/6/2030	382	382	341	0.04	%
Online Labels Group, LLC	(12)	First Lien Debt	S + 4.75%	8.48	%	12/19/2029	3,245	3,225	3,245	0.38	%
Online Labels Group, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	12/19/2029	401	199	199	0.02	%
Online Labels Group, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	12/19/2029	403	—	—	—	%
Performance Packaging Buyer, LLC	(6)	First Lien Debt	S + 4.50%	8.13	%	4/15/2031	6,942	6,885	6,876	0.81	%
Total Containers, Packaging & Glass								79,277	78,080	9.19	%

Energy: Electricity
Environ Energy, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.25%	8.97	%	10/1/2031	1,481	828	823	0.10	%
Environ Energy, LLC	(6)	First Lien Debt	S + 5.25%	8.92	%	10/1/2031	2,506	2,489	2,480	0.29	%
Matador US Buyer, LLC (Insulation Technology Group)	(6) (10) (12)	First Lien Debt	S + 5.00%	8.64	%	6/25/2030	22,017	21,857	22,017	2.59	%
Matador US Buyer, LLC (Insulation Technology Group)	(10) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.64	%	6/25/2030	5,826	5,826	5,826	0.69	%
Total Energy: Electricity								31,000	31,146	3.67	%

Environmental Industries
CLS Management Services, LLC (Contract Land Staff)	(6) (12)	First Lien Debt	S + 5.00%	8.73	%	3/27/2030	7,393	7,342	7,359	0.87	%
CLS Management Services, LLC (Contract Land Staff)	(6)	First Lien Debt (Delayed Draw)	S + 5.00%	8.65	%	3/27/2030	2,972	2,969	2,959	0.35	%
CLS Management Services, LLC (Contract Land Staff)	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.71	%	3/27/2030	4,973	4,465	4,450	0.52	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Impact Parent Corporation (Impact Environmental Group)	(6) (12)	First Lien Debt	S + 5.25%	9.08	%	3/23/2029	6,606	6,533	6,542	0.77	%
Impact Parent Corporation (Impact Environmental Group)	(6)	First Lien Debt (Delayed Draw)	S + 5.25%	9.08	%	3/23/2029	3,086	3,078	3,057	0.36	%
Impact Parent Corporation (Impact Environmental Group)	(6) (12)	First Lien Debt (Delayed Draw)	S + 5.25%	9.08	%	3/23/2029	6,690	6,673	6,626	0.78	%
Impact Parent Corporation (Impact Environmental Group)	(6)	First Lien Debt	S + 5.25%	9.08	%	3/23/2029	1,692	1,674	1,676	0.20	%
NFM & J, L.P. (The Facilities Group)	(6) (9)	First Lien Debt	S + 5.75%	9.51	%	11/30/2028	4,748	4,737	4,693	0.55	%
NFM & J, L.P. (The Facilities Group)	(6) (9) (12)	First Lien Debt	S + 5.75%	9.49	%	11/30/2028	8,798	8,768	8,697	1.02	%
NFM & J, L.P. (The Facilities Group)	(6) (9)	First Lien Debt (Delayed Draw)	S + 5.75%	9.51	%	11/30/2028	4,826	4,826	4,771	0.56	%
NFM & J, L.P. (The Facilities Group)	(6) (9) (12)	First Lien Debt (Delayed Draw)	S + 5.75%	9.52	%	11/30/2028	552	552	546	0.06	%
Nutrition 101 Buyer, LLC (101 Inc)	(6)	First Lien Debt	S + 5.25%	9.01	%	8/31/2028	6,480	6,458	6,390	0.75	%
Orion Group FM Holdings, LLC (Leo Facilities)	(6)	First Lien Debt	S + 4.75%	8.48	%	7/3/2029	8,336	8,262	8,336	0.98	%
Orion Group FM Holdings, LLC (Leo Facilities)	(6) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.40	%	7/3/2029	6,329	6,323	6,329	0.75	%
Orion Group FM Holdings, LLC (Leo Facilities)	(6)	First Lien Debt	S + 4.75%	8.48	%	7/3/2029	1,565	1,554	1,565	0.18	%
Orion Group FM Holdings, LLC (Leo Facilities)	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.42	%	7/3/2029	13,442	5,828	5,828	0.69	%
SI Solutions, LLC	(6)	First Lien Debt	S + 4.75%	8.48	%	8/15/2030	11,694	11,613	11,694	1.38	%
SI Solutions, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	8/15/2030	5,590	1,099	1,109	0.13	%
Total Environmental Industries								92,754	92,627	10.90	%

Healthcare & Pharmaceuticals
AB Centers Acquisition Corporation (Action Behavior Centers)	(6) (12)	First Lien Debt	S + 5.25%	8.89	%	7/2/2031	1,459	1,454	1,436	0.17	%
AB Centers Acquisition Corporation (Action Behavior Centers)	(6) (12)	First Lien Debt	S + 5.25%	8.89	%	7/2/2031	15,438	15,319	15,194	1.79	%
AB Centers Acquisition Corporation (Action Behavior Centers)	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.25%	8.89	%	7/2/2031	2,833	1,390	1,349	0.16	%
ACP Maverick Holdings, Inc.	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	3/18/2031	3,614	2,917	2,919	0.34	%
ACP Maverick Holdings, Inc.	(6) (9) (12)	First Lien Debt	S + 4.75%	8.48	%	3/18/2031	16,159	16,024	16,105	1.90	%
Affinity Hospice Intermediate Holdings, LLC	(12)	First Lien Debt	S + 4.75%	8.58	%	12/17/2029	6,562	6,543	4,474	0.53	%
Anne Arundel Dermatology Management, LLC	(12)	First Lien Debt	N/A	4.71% (PIK)		1/15/2029	656	656	656	0.08	%
Anne Arundel Dermatology Management, LLC	(12) (16)	Subordinated Debt	N/A	12.75% (PIK)		10/15/2028	3,282	3,282	1,337	0.16	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Anne Arundel Dermatology Management, LLC	(12) (16)	Subordinated Debt	N/A	13.25% (PIK)		4/16/2029	1,972	1,972	2,023	0.24	%
Anne Arundel Dermatology Management, LLC	(12)	First Lien Debt	N/A	4.71% (PIK)		1/15/2029	573	573	573	0.07	%
Anne Arundel Dermatology Management, LLC	(11) (12) (16)	Subordinated Debt (Delayed Draw)	N/A	13.25% (PIK)		4/16/2029	2,396	2,029	2,090	0.25	%
ARC Health OPCO, LLC	(11) (12)	Subordinated Debt (Delayed Draw)	N/A	8.00% (Cash) 5.00% (PIK)		4/10/2031	1,222	(16)	(33)	—	%
ARC Health OPCO, LLC	(12)	Subordinated Debt	N/A	8.00% (Cash) 5.00% (PIK)		4/10/2031	2,535	2,469	2,467	0.29	%
Bluebird PM Buyer, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.49	%	2/3/2032	1,153	(2)	—	—	%
Bluebird PM Buyer, Inc.	(6)	First Lien Debt	S + 4.75%	8.48	%	2/3/2032	8,350	8,284	8,350	0.98	%
Bridges Consumer Healthcare Intermediate LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.25%	9.10	%	12/22/2031	4,822	(20)	(41)	—	%
Bridges Consumer Healthcare Intermediate LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.25%	9.10	%	12/22/2031	2,732	2,169	2,157	0.25	%
Bridges Consumer Healthcare Intermediate LLC	(6)	First Lien Debt	S + 5.25%	9.10	%	12/22/2031	5,726	5,680	5,678	0.67	%
Coding Solutions Acquisition, Inc.	(6) (9) (12)	First Lien Debt	S + 5.00%	8.64	%	8/7/2031	13,440	13,380	13,276	1.56	%
Coding Solutions Acquisition, Inc.	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.64	%	8/7/2031	521	(1)	(6)	—	%
Coding Solutions Acquisition, Inc.	(9) (11) (12)	Revolving Loan	S + 5.00%	8.64	%	8/7/2031	1,246	(9)	(15)	—	%
Dermatology Intermediate Holdings III, Inc. (Forefront Dermatology)	(6) (9) (12) (14)	First Lien Debt	S + 4.25%	7.91	%	3/30/2029	3,230	3,205	3,157	0.37	%
Eyesouth Eye Care Holdco LLC	(6) (12)	First Lien Debt	S + 5.75%	9.49	%	10/5/2029	7,285	7,244	7,188	0.85	%
Eyesouth Eye Care Holdco LLC	(6) (12)	First Lien Debt (Delayed Draw)	S + 5.75%	9.49	%	10/5/2029	2,389	2,389	2,357	0.28	%
FH DMI Buyer, Inc.	(12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.73	%	10/11/2030	1,096	1,094	1,096	0.13	%
FH DMI Buyer, Inc.	(6)	First Lien Debt	S + 5.00%	8.73	%	10/11/2030	1,963	1,948	1,963	0.23	%
Genesee Scientific LLC	(6) (9) (12)	First Lien Debt	S + 5.75%	9.58	%	9/30/2027	5,807	5,793	5,085	0.60	%
Genesee Scientific LLC	(9) (12)	First Lien Debt (Delayed Draw)	S + 5.75%	9.58	%	9/30/2027	1,520	1,520	1,332	0.16	%
GHR Healthcare, LLC	(6) (9) (12)	First Lien Debt	S + 5.25%	9.06	%	12/9/2027	6,238	6,223	5,815	0.68	%
GHR Healthcare, LLC	(9) (12)	First Lien Debt (Delayed Draw)	S + 5.25%	9.06	%	12/9/2027	1,951	1,951	1,819	0.21	%
GHR Healthcare, LLC	(6) (9) (12)	First Lien Debt	S + 5.25%	9.06	%	12/9/2027	4,857	4,826	4,527	0.53	%
GHR Healthcare, LLC	(6) (9) (12)	First Lien Debt	S + 5.25%	9.06	%	12/9/2027	7,927	7,894	7,388	0.87	%
GHR Healthcare, LLC	(9) (12)	First Lien Debt	S + 5.25%	9.06	%	12/9/2027	3,686	3,670	3,435	0.40	%
Health Management Associates, Inc.	(6)	First Lien Debt	S + 6.25%	10.01	%	3/30/2029	8,237	8,148	8,199	0.97	%
Health Management Associates, Inc.	(6)	First Lien Debt (Delayed Draw)	S + 6.25%	10.01	%	3/30/2029	1,065	1,047	1,060	0.12	%
Healthspan Buyer, LLC (Thorne HealthTech)	(6) (12)	First Lien Debt	S + 4.75%	8.48	%	10/16/2030	10,386	10,317	10,345	1.22	%
Heartland Veterinary Partners LLC	(12)	Subordinated Debt (Delayed Draw)	N/A	7.50% (Cash) 7.00% (PIK)		9/10/2028	4,033	4,033	3,994	0.47	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Heartland Veterinary Partners LLC	(12)	Subordinated Debt (Delayed Draw)	N/A	7.50% (Cash) 7.00% (PIK)		9/10/2028	11,110	11,110	11,001	1.30	%
Heartland Veterinary Partners LLC	(12)	Subordinated Debt	N/A	7.50% (Cash) 7.00% (PIK)		9/10/2028	2,222	2,218	2,200	0.26	%
HemaSource, Inc.	(12)	Subordinated Debt	N/A	12.25	%	2/28/2030	3,664	3,599	3,645	0.42	%
HLSG Intermediate, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.37	%	2/2/2033	25	23	23	—	%
HLSG Intermediate, LLC	(9) (12)	First Lien Debt	S + 4.75%	8.37	%	2/2/2033	75	75	75	0.01	%
HMN Acquirer Corp.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	11/5/2031	2,426	650	635	0.07	%
HMN Acquirer Corp.	(6)	First Lien Debt	S + 4.50%	8.23	%	11/5/2031	6,499	6,448	6,445	0.76	%
Impact Advisors, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	3/19/2032	7,143	927	863	0.10	%
Impact Advisors, LLC	(6) (12)	First Lien Debt	S + 4.50%	8.23	%	3/19/2032	12,696	12,587	12,529	1.48	%
JKC Buyer, Inc. (J. Knipper and Company Inc)	(6)	First Lien Debt (Delayed Draw)	S + 4.75%	8.39	%	2/13/2032	2,081	2,073	2,037	0.24	%
JKC Buyer, Inc. (J. Knipper and Company Inc)	(6)	First Lien Debt	S + 4.75%	8.39	%	2/13/2032	6,013	5,969	5,886	0.69	%
Lavie Group, Inc.	(6) (9)	First Lien Debt	S + 5.00%	8.63	%	10/12/2029	4,605	4,583	4,570	0.54	%
Lavie Group, Inc.	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.62	%	10/10/2029	733	455	451	0.05	%
Lavie Group, Inc.	(6) (9)	First Lien Debt	S + 5.00%	8.62	%	10/12/2029	2,727	2,707	2,706	0.32	%
MDC Intermediate Holdings II, LLC (Mosaic Dental)	(12)	Subordinated Debt	N/A	12.25% (PIK)		2/7/2030	151	151	137	0.02	%
MDC Intermediate Holdings II, LLC (Mosaic Dental)	(12)	Subordinated Debt	N/A	12.25% (PIK)		2/7/2030	2,191	2,170	1,790	0.21	%
MDC Intermediate Holdings II, LLC (Mosaic Dental)	(12)	Subordinated Debt (Delayed Draw)	N/A	12.25% (PIK)		2/7/2030	584	581	477	0.06	%
Midwest Eye Services, LLC	(6)	First Lien Debt	S + 4.50%	8.38	%	8/20/2027	8,791	8,773	8,789	1.04	%
Promptcare Infusion Buyer, Inc.	(9) (12)	First Lien Debt (Delayed Draw)	S + 6.00%	9.75	%	9/1/2027	1,409	1,409	1,409	0.17	%
Promptcare Infusion Buyer, Inc.	(6) (9)	First Lien Debt	S + 6.00%	9.75	%	9/1/2027	7,994	7,993	7,994	0.94	%
Promptcare Infusion Buyer, Inc.	(6) (9)	First Lien Debt (Delayed Draw)	S + 6.00%	9.75	%	9/1/2027	1,245	1,245	1,245	0.15	%
QHR Health, LLC	(6) (12)	First Lien Debt	S + 5.25%	9.06	%	5/28/2027	7,483	7,462	7,475	0.88	%
QHR Health, LLC	(6) (12)	First Lien Debt (Delayed Draw)	S + 5.25%	9.06	%	5/28/2027	3,166	3,166	3,163	0.37	%
QHR Health, LLC	(6) (12)	First Lien Debt	S + 5.25%	9.06	%	5/28/2027	3,166	3,152	3,163	0.37	%
Real Chemistry Intermediate III, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	4/12/2032	3,288	2,196	2,152	0.25	%
Real Chemistry Intermediate III, Inc.	(11) (12)	Revolving Loan	S + 4.50%	8.23	%	4/12/2032	1,780	(7)	(28)	—	%
Real Chemistry Intermediate III, Inc.	(6)	First Lien Debt	S + 4.50%	8.23	%	4/12/2032	7,397	7,366	7,283	0.86	%
Sandlot Buyer, LLC (Prime Time Healthcare)	(6) (12)	First Lien Debt	S + 6.25%	10.02	%	9/19/2028	7,675	7,572	7,322	0.86	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Sandlot Buyer, LLC (Prime Time Healthcare)	(6) (12)	First Lien Debt	S + 6.25%	10.02	%	9/19/2028	9,020	8,931	8,606	1.01	%
Smile Brands Inc.	(12) (16)	Subordinated Debt	S + 8.50%	12.29% (PIK)		1/12/2030	13,041	8,103	7,775	0.92	%
Swoop Intermediate III, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	4/12/2032	1,643	(3)	16	—	%
Swoop Intermediate III, Inc.	(11) (12)	Revolving Loan	S + 4.50%	8.23	%	4/12/2032	1,776	(7)	18	—	%
Swoop Intermediate III, Inc.	(12)	First Lien Debt	S + 4.50%	8.23	%	4/12/2032	10,267	10,236	10,369	1.22	%
TBRS, Inc.	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.42	%	11/24/2031	1,074	(4)	(20)	—	%
TBRS, Inc.	(9) (11) (12)	Revolving Loan	S + 4.75%	8.42	%	11/22/2030	1,406	102	86	0.01	%
TBRS, Inc.	(6) (9) (12)	First Lien Debt	S + 4.75%	8.42	%	11/24/2031	9,104	9,042	8,933	1.05	%
Tidi Legacy Products, Inc.	(6) (9) (12)	First Lien Debt	S + 4.50%	8.14	%	12/19/2029	15,135	15,040	15,083	1.77	%
Tidi Legacy Products, Inc.	(9) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.14	%	12/19/2029	4,054	4,054	4,040	0.48	%
VMG Holdings LLC (VMG Health)	(6) (12)	First Lien Debt	S + 5.00%	8.73	%	4/16/2030	1,124	1,116	1,116	0.13	%
VMG Holdings LLC (VMG Health)	(6) (12)	First Lien Debt	S + 5.00%	8.73	%	4/16/2030	15,653	15,546	15,542	1.83	%
Wellspring Pharmaceutical Corporation	(6) (12)	First Lien Debt	S + 4.50%	8.45	%	8/22/2028	7,202	7,177	7,185	0.85	%
Wellspring Pharmaceutical Corporation	(6)	First Lien Debt	S + 4.50%	8.45	%	8/22/2028	2,977	2,952	2,970	0.34	%
Wellspring Pharmaceutical Corporation	(12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.45	%	8/22/2028	1,532	1,527	1,528	0.18	%
Wellspring Pharmaceutical Corporation	(6) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.45	%	8/22/2028	2,522	2,517	2,516	0.30	%
Wellspring Pharmaceutical Corporation	(6) (12)	First Lien Debt	S + 4.50%	8.45	%	8/22/2028	1,215	1,203	1,212	0.14	%
YI, LLC (Young Innovations)	(6) (9) (12)	First Lien Debt	S + 5.75%	9.39	%	12/3/2029	16,138	16,040	15,859	1.87	%
Total Healthcare & Pharmaceuticals								365,620	357,020	42.05	%

High Tech Industries
Alta Buyer, LLC	(11) (12)	Revolving Loan	S + 4.50%	8.23	%	2/18/2033	2,209	(8)	9	—	%
Alta Buyer, LLC	(6) (12)	First Lien Debt	S + 4.50%	8.23	%	2/18/2033	17,456	17,397	17,524	2.06	%
Arctiq, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.37	%	2/3/2032	1,315	—	(7)	—	%
Arctiq, Inc.	(6)	First Lien Debt	S + 4.75%	8.36	%	2/3/2032	8,663	8,627	8,618	1.02	%
Eliassen Group, LLC	(6) (9) (12)	First Lien Debt	S + 5.75%	9.48	%	4/14/2028	11,764	11,724	11,474	1.35	%
Eliassen Group, LLC	(9) (12)	First Lien Debt (Delayed Draw)	S + 5.75%	9.48	%	4/14/2028	847	847	826	0.10	%
Emburse, Inc.	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.25%	7.98	%	5/28/2032	13	—	—	—	%
Emburse, Inc.	(9) (11) (12)	Revolving Loan	S + 4.25%	7.98	%	5/28/2032	14	—	—	—	%
Emburse, Inc.	(9) (12)	First Lien Debt	S + 4.25%	7.98	%	5/28/2032	73	73	73	0.01	%
Exterro, Inc.	(6)	First Lien Debt	S + 5.75%	9.41	%	6/1/2027	9,435	9,418	9,280	1.09	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
GNX HBS PARENT, LLC	(6)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	10/1/2031	1,481	1,481	1,444	0.17	%
GNX HBS PARENT, LLC	(6)	First Lien Debt	S + 4.50%	8.23	%	10/1/2031	2,506	2,495	2,443	0.29	%
Infobase Acquisition, Inc.	(6)	First Lien Debt	S + 5.50%	9.60	%	6/14/2028	3,973	3,958	3,973	0.47	%
Prosci, Inc.	(6)	First Lien Debt	S + 4.50%	8.24	%	11/18/2030	4,733	4,730	4,621	0.54	%
Revalize Inc. (f/k/a AQ Holdco Inc.)	(9) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.63% (Cash) 1.75% (PIK)		4/16/2029	4,246	4,243	3,870	0.46	%
Revalize Inc. (f/k/a AQ Holdco Inc.)	(6) (9) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.63% (Cash) 1.75% (PIK)		4/16/2029	1,091	1,089	994	0.12	%
Revalize Inc. (f/k/a AQ Holdco Inc.)	(9) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.63% (Cash) 1.75% (PIK)		4/16/2029	242	242	220	0.03	%
Ridge Trail US Bidco, Inc. (Options IT)	(9) (12)	First Lien Debt	S + 4.50%	8.23	%	9/30/2031	675	670	669	0.08	%
Ridge Trail US Bidco, Inc. (Options IT)	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	9/30/2031	236	32	31	—	%
Ridge Trail US Bidco, Inc. (Options IT)	(9) (11) (12)	Revolving Loan	S + 4.50%	8.23	%	3/31/2031	79	(1)	(1)	—	%
Smart Wave Technologies, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.43	%	12/30/2031	1,662	1,009	1,009	0.12	%
Smart Wave Technologies, Inc.	(12)	First Lien Debt	S + 4.75%	8.43% (Cash) 4.00% (PIK)		12/30/2031	3,147	3,147	3,147	0.37	%
Solve Industrial Motion Group LLC	(12)	Subordinated Debt (Delayed Draw)	N/A	10.00% (Cash) 2.00% (PIK)		6/30/2028	2,446	2,446	2,424	0.27	%
Solve Industrial Motion Group LLC	(12)	Subordinated Debt	N/A	10.00% (Cash) 2.00% (PIK)		6/30/2028	2,136	2,123	2,116	0.25	%
Solve Industrial Motion Group LLC	(12)	Subordinated Debt	N/A	10.00% (Cash) 2.50% (PIK)		6/30/2028	921	915	913	0.11	%
VALIDITY INC	(12)	First Lien Debt	S + 5.00%	8.68	%	4/12/2032	99	98	97	0.01	%
Venture Buyer, LLC (Velosio)	(6) (9)	First Lien Debt	S + 5.25%	8.91	%	3/1/2030	6,107	6,067	6,107	0.72	%
Venture Buyer, LLC (Velosio)	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 5.25%	8.91	%	3/1/2030	1,281	222	222	0.03	%
Waldo Buyer, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	4/1/2033	19	—	—	—	%
Waldo Buyer, LLC	(9) (11) (12)	Revolving Loan	S + 4.50%	8.23	%	4/1/2033	13	—	—	—	%
Waldo Buyer, LLC	(9) (12)	First Lien Debt	S + 4.50%	8.23	%	4/1/2033	67	67	67	0.01	%
Total High Tech Industries								83,111	82,163	9.68	%

Hotel, Game & Leisure
Davidson Hotel Company LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.64	%	10/31/2031	1,052	335	347	0.04	%
Davidson Hotel Company LLC	(6)	First Lien Debt	S + 5.00%	8.64	%	10/31/2031	3,156	3,131	3,188	0.38	%
Total Hotel, Game & Leisure								3,466	3,535	0.42	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Media: Advertising, Printing & Publishing
Calienger Acquisition, L.L.C. (Wpromote, LLC)	(6) (12)	First Lien Debt	S + 6.00%	9.72	%	10/23/2028	4,268	4,230	4,206	0.50	%
Tinuiti Inc.	(9) (12)	First Lien Debt	S + 2.63%	6.45% (Cash) 3.13% (PIK)		12/11/2028	2,979	2,979	2,825	0.33	%
Tinuiti Inc.	(9) (12)	First Lien Debt (Delayed Draw)	S + 2.63%	6.45% (Cash) 3.13% (PIK)		12/11/2028	1,947	1,947	1,847	0.22	%
Tinuiti Inc.	(9) (12)	First Lien Debt (Delayed Draw)	S + 2.63%	6.45% (Cash) 3.13% (PIK)		12/11/2028	9,968	9,967	9,455	1.11	%
Total Media: Advertising, Printing & Publishing								19,123	18,333	2.16	%

Media: Diversified & Production
BroadcastMed Holdco, LLC	(12)	Subordinated Debt	N/A	10.00% (Cash) 3.75% (PIK)		11/12/2027	3,895	3,866	3,809	0.45	%
Corporate Visions, Inc.	(12)	First Lien Debt	S + 6.00%	9.73% (PIK)		2/28/2029	4,023	3,198	3,078	0.36	%
Corporate Visions, Inc.	(12)	First Lien Debt	N/A	15.00% (PIK)		2/28/2029	215	215	165	0.02	%
Corporate Visions, Inc.	(12) (16)	First Lien Debt	S + 6.00%	9.73% (PIK)		2/28/2029	820	—	—	—	%
MSM Acquisitions, Inc. (Spectrio)	(9) (12) (16)	First Lien Debt	S + 6.00%	9.67	%	12/9/2026	8,246	8,167	4,559	0.54	%
MSM Acquisitions, Inc. (Spectrio)	(9) (12) (16)	First Lien Debt (Delayed Draw)	S + 6.00%	9.67	%	12/9/2026	2,937	2,909	1,624	0.19	%
MSM Acquisitions, Inc. (Spectrio)	(9) (12) (16)	First Lien Debt (Delayed Draw)	S + 6.00%	9.67	%	12/9/2026	448	446	248	0.03	%
Total Media: Diversified & Production								18,801	13,483	1.59	%

Services: Business
ALKU Intermediate Holdings, LLC	(12)	First Lien Debt	S + 6.25%	9.98	%	5/23/2029	4,406	4,356	4,365	0.51	%
All4 Buyer, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	1/23/2032	2,381	869	858	0.10	%
All4 Buyer, LLC	(6)	First Lien Debt	S + 4.50%	8.17	%	1/23/2032	2,826	2,803	2,802	0.33	%
Archer Acquisition, LLC (ARMstrong)	(6)	First Lien Debt	S + 4.75%	8.58	%	10/9/2029	6,736	6,674	6,665	0.79	%
Archer Acquisition, LLC (ARMstrong)	(12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.54	%	10/9/2029	934	930	924	0.11	%
Astra Service Partners, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.24	%	11/26/2032	25	13	13	—	%
Astra Service Partners, LLC	(9) (12)	First Lien Debt	S + 4.50%	8.24	%	11/26/2032	75	75	75	0.01	%
Bounteous, Inc.	(12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	8/2/2029	2,697	2,690	2,697	0.32	%
Bounteous, Inc.	(6) (12)	First Lien Debt	S + 4.75%	8.48	%	8/2/2029	5,211	5,198	5,211	0.61	%
Bounteous, Inc.	(12)	First Lien Debt	S + 4.75%	8.48	%	8/2/2029	2,133	2,127	2,133	0.25	%
Bounteous, Inc.	(12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	8/2/2029	3,487	3,487	3,487	0.41	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Bullhorn, Inc.	(6) (9) (12)	First Lien Debt	S + 5.00%	8.64	%	10/1/2029	13,671	13,659	13,440	1.58	%
Caldwell & Gregory LLC	(12)	Subordinated Debt	S + 6.25%	9.98% (Cash) 2.50% (PIK)		3/31/2031	1,167	1,152	1,167	0.14	%
CDL Marketing Group, LLC (Career Now)	(12) (16)	Subordinated Debt	N/A	13.00% (PIK)		3/30/2027	3,990	3,966	522	0.06	%
Certus NDT Group Buyer, LLC	(12)	Subordinated Debt	N/A	9.00% (Cash) 3.00% (PIK)		2/11/2033	2,023	1,985	1,984	0.23	%
Cornerstone Advisors of Arizona, LLC	(9) (12)	First Lien Debt	S + 4.75%	8.48	%	5/13/2032	99	99	98	0.01	%
CPL Consultants, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.25%	7.91	%	2/17/2032	4,317	54	35	—	%
CPL Consultants, LLC	(6)	First Lien Debt	S + 4.25%	7.91	%	2/17/2032	1,346	1,340	1,340	0.16	%
DH United Holdings, LLC (D&H United Fueling Solutions)	(6) (12)	First Lien Debt	S + 5.00%	8.88	%	9/15/2028	7,301	7,241	7,226	0.85	%
DH United Holdings, LLC (D&H United Fueling Solutions)	(6) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.88	%	9/15/2028	2,324	2,315	2,300	0.27	%
DH United Holdings, LLC (D&H United Fueling Solutions)	(6)	First Lien Debt (Delayed Draw)	S + 5.00%	8.88	%	9/15/2028	1,532	1,529	1,516	0.18	%
DH United Holdings, LLC (D&H United Fueling Solutions)	(6) (12)	First Lien Debt	S + 5.00%	8.88	%	9/15/2028	3,378	3,345	3,343	0.39	%
DH United Holdings, LLC (D&H United Fueling Solutions)	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.88	%	9/15/2028	5,071	4,259	4,218	0.50	%
Element 78 Partners, LLC (E78)	(6) (12)	First Lien Debt	S + 5.50%	9.24	%	12/1/2027	3,953	3,942	3,947	0.46	%
Element 78 Partners, LLC (E78)	(6) (12)	First Lien Debt	S + 5.50%	9.24	%	12/1/2027	1,015	1,012	1,013	0.12	%
Element 78 Partners, LLC (E78)	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.50%	9.24	%	12/1/2027	15,233	—	(21)	—	%
Element 78 Partners, LLC (E78)	(6) (12)	First Lien Debt (Delayed Draw)	S + 5.50%	9.24	%	12/1/2027	2,972	2,964	2,968	0.35	%
Element 78 Partners, LLC (E78)	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.50%	9.24	%	12/1/2027	2,595	2,310	2,306	0.27	%
Empower Brands Franchising, LLC (f/k/a Lynx Franchising LLC)	(6) (9) (12)	First Lien Debt	S + 5.75%	9.63	%	12/23/2026	9,550	9,521	9,524	1.12	%
Empower Brands Franchising, LLC (f/k/a Lynx Franchising LLC)	(9) (12)	First Lien Debt	S + 5.75%	9.63	%	12/23/2026	6,621	6,594	6,604	0.78	%
Env Automation Acquisition, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.18	%	12/8/2031	33	5	5	—	%
Env Automation Acquisition, LLC	(9) (12)	First Lien Debt	S + 4.50%	8.15	%	12/8/2031	67	67	67	0.01	%
Esquire Deposition Solutions, LLC	(12)	Subordinated Debt	N/A	14.00% (PIK)		6/30/2029	2,211	2,183	2,190	0.26	%
Gabriel Partners, LLC	(12)	First Lien Debt	S + 6.25%	10.07%		5/17/2027	689	689	686	0.08	%
Gabriel Partners, LLC	(6) (9) (12)	First Lien Debt	S + 6.25%	10.07%		5/17/2027	9,438	9,438	9,395	1.11	%
Gabriel Partners, LLC	(6) (9) (12)	First Lien Debt (Delayed Draw)	S + 6.25%	10.07%		5/17/2027	1,572	1,572	1,565	0.18	%
Gabriel Partners, LLC	(6) (9) (12)	First Lien Debt	S + 6.25%	10.07%		5/17/2027	3,896	3,895	3,879	0.46	%
KENG Acquisition, Inc. (Engage PEO)	(6) (9) (12)	First Lien Debt	S + 4.50%	8.16	%	8/1/2029	9,425	9,342	9,255	1.09	%
KENG Acquisition, Inc. (Engage PEO)	(6) (9) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.16	%	8/1/2029	9,171	9,163	9,006	1.06	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
KENG Acquisition, Inc. (Engage PEO)	(6) (9) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.16	%	8/1/2029	1,066	1,065	1,047	0.12	%
KRIV Acquisition, Inc. (Riveron)	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	7/31/2031	4,884	—	(27)	—	%
KRIV Acquisition, Inc. (Riveron)	(11) (12)	Revolving Loan	S + 4.75%	8.48	%	7/31/2031	444	177	175	0.02	%
KRIV Acquisition, Inc. (Riveron)	(6) (12)	First Lien Debt	S + 4.75%	8.48	%	7/31/2031	12,069	11,844	12,002	1.41	%
LRN Corporation (Lion Merger Sub, Inc.)	(6) (9) (12)	First Lien Debt	S + 5.25%	8.92	%	12/17/2027	6,998	6,998	6,970	0.82	%
LRN Corporation (Lion Merger Sub, Inc.)	(9) (12)	First Lien Debt	S + 5.25%	8.92	%	12/17/2027	6,702	6,702	6,676	0.79	%
M&S Holdings Buyer, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	12/23/2032	769	—	(5)	—	%
M&S Holdings Buyer, Inc.	(6)	First Lien Debt	S + 4.75%	8.48	%	12/23/2032	4,220	4,201	4,194	0.49	%
MacKay Sposito, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.25%	7.92	%	4/22/2033	100	7	7	—	%
Olympus US Bidco LLC (Phaidon International)	(6) (10) (12)	First Lien Debt	S + 5.50%	9.26	%	8/22/2029	12,938	12,875	12,393	1.46	%
Output Services Group, Inc.	(12)	First Lien Debt	S + 8.00%	12.16	%	5/30/2028	155	155	155	0.02	%
Output Services Group, Inc.	(12)	First Lien Debt	S + 6.25%	10.41	%	11/30/2028	837	837	837	0.10	%
PN Buyer, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.14	%	7/31/2031	1,111	—	(27)	—	%
PN Buyer, Inc.	(6)	First Lien Debt	S + 4.50%	8.14	%	7/31/2031	3,869	3,853	3,775	0.44	%
RailPros Parent, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.25%	7.89	%	5/24/2032	21	6	6	—	%
RailPros Parent, LLC	(9) (11) (12)	Revolving Loan	S + 4.25%	7.89	%	5/24/2032	11	—	—	—	%
RailPros Parent, LLC	(9) (12)	First Lien Debt	S + 4.25%	7.89	%	5/24/2032	68	67	68	0.01	%
Redwood Services Group, LLC (Evergreen Services Group)	(9) (12)	First Lien Debt (Delayed Draw)	S + 5.25%	8.99	%	6/15/2029	2,947	2,937	2,947	0.35	%
Redwood Services Group, LLC (Evergreen Services Group)	(6) (9) (12)	First Lien Debt	S + 5.25%	8.99	%	6/15/2029	13,956	13,821	13,956	1.64	%
Redwood Services Group, LLC (Evergreen Services Group)	(9) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.49	%	6/15/2029	2,791	2,777	2,791	0.33	%
Delphi Infrastructure Group LLC (f/k/a Safety Infrastructure Services Intermediate LLC)	(12) (16)	First Lien Debt (Delayed Draw)	S + 5.00%	8.73	%	7/21/2028	754	754	136	0.02	%
Delphi Infrastructure Group LLC (f/k/a Safety Infrastructure Services Intermediate LLC)	(12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.75	%	7/21/2028	317	317	317	0.04	%
Delphi Infrastructure Group LLC (f/k/a Safety Infrastructure Services Intermediate LLC)	(6) (16)	First Lien Debt	S + 5.00%	8.73	%	7/21/2028	4,565	4,520	822	0.10	%
Delphi Infrastructure Group LLC (f/k/a Safety Infrastructure Services Intermediate LLC)	(12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.75	%	7/21/2028	405	405	405	0.05	%
Delphi Infrastructure Group LLC (f/k/a Safety Infrastructure Services Intermediate LLC)	(6)	First Lien Debt	S + 5.00%	8.75	%	7/21/2028	2,449	2,440	2,449	0.29	%
Sagebrush Buyer, LLC (Province)	(6) (12)	First Lien Debt	S + 4.75%	8.39	%	7/1/2030	4,826	4,799	4,789	0.56	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Sagebrush Buyer, LLC (Province)	(6) (12)	First Lien Debt	S + 4.75%	8.39	%	7/1/2030	4,353	4,322	4,320	0.51	%
Sagebrush Buyer, LLC (Province)	(6) (12)	First Lien Debt	S + 4.75%	8.39	%	7/1/2030	3,016	3,000	2,993	0.35	%
Scaled Agile, Inc.	(9) (12) (16)	First Lien Debt	P + 4.50%	11.25% (PIK)		12/15/2028	8,083	8,005	3,359	0.40	%
Scaled Agile, Inc.	(9) (12) (16)	First Lien Debt (Delayed Draw)	S + 5.50%	9.28% (PIK)		12/15/2028	396	396	165	0.02	%
Sentinel Technologies, Inc	(6)	First Lien Debt	S + 4.50%	8.16	%	11/3/2031	4,975	4,954	4,975	0.59	%
Syndigo LLC	(11) (12)	Revolving Loan	S + 5.00%	8.67	%	9/2/2032	592	92	72	0.01	%
Syndigo LLC	(6)	First Lien Debt	S + 5.00%	8.67	%	9/2/2032	4,386	4,366	4,214	0.49	%
Tau Buyer, LLC	(9) (12)	First Lien Debt (Delayed Draw)	S + 2.50%	6.23% (Cash) 2.50% (PIK)		2/2/2032	2,291	2,282	2,045	0.24	%
Tau Buyer, LLC	(9) (11) (12)	Revolving Loan	S + 4.50%	8.23	%	2/2/2032	1,720	651	481	0.06	%
Tau Buyer, LLC	(6) (9) (12)	First Lien Debt	S + 2.50%	6.23% (Cash) 2.50% (PIK)		2/2/2032	9,978	9,898	8,910	1.05	%
Thompson Safety LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.67	%	6/25/2032	91	14	13	—	%
Thompson Safety LLC	(11) (12)	Revolving Loan	P + 4.00%	10.75	%	6/25/2032	9	1	1	—	%
Transit Buyer, LLC (Propark Mobility)	(6)	First Lien Debt	S + 4.50%	8.14	%	1/31/2029	6,652	6,589	6,648	0.78	%
Transit Buyer, LLC (Propark Mobility)	(12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.14	%	1/31/2029	3,062	3,034	3,060	0.36	%
Transit Buyer, LLC (Propark Mobility)	(6) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.14	%	1/31/2029	10,020	10,009	10,015	1.18	%
TSS Buyer, LLC (Technical Safety Services)	(6)	First Lien Debt	S + 5.00%	8.64	%	6/22/2029	6,600	6,568	6,570	0.77	%
TSS Buyer, LLC (Technical Safety Services)	(12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.64	%	6/22/2029	6,276	6,233	6,247	0.74	%
TSS Buyer, LLC (Technical Safety Services)	(6) (12)	First Lien Debt	S + 5.00%	8.64	%	6/22/2029	1,842	1,827	1,834	0.22	%
Victors CCC Buyer LLC (CrossCountry Consulting)	(6) (9)	First Lien Debt	S + 4.50%	8.17	%	6/1/2029	7,967	7,885	7,972	0.94	%
Victors CCC Buyer LLC (CrossCountry Consulting)	(9) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	6/1/2029	817	814	818	0.10	%
VRC Companies, LLC (Vital Records Control)	(6) (9)	First Lien Debt	S + 5.50%	9.16	%	6/29/2027	4,465	4,455	4,454	0.52	%
VRC Companies, LLC (Vital Records Control)	(6) (9)	First Lien Debt	S + 5.75%	9.45	%	6/29/2027	326	325	326	0.04	%
Total Services: Business								300,140	285,158	33.59	%

Services: Consumer
360 Holdco, Inc. (360 Training)	(6)	First Lien Debt	S + 4.50%	8.14	%	8/2/2028	3,384	3,367	3,345	0.39	%
360 Holdco, Inc. (360 Training)	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.14	%	8/2/2028	3,092	1,935	1,900	0.22	%
ADPD Holdings LLC (NearU)	(9) (12)	First Lien Debt	S + 1.00%	4.95% (Cash) 5.00% (PIK)		8/16/2028	10,154	10,169	9,422	1.11	%
AMS Parent, LLC (All My Sons)	(6) (12) (14)	First Lien Debt	S + 4.75%	8.74	%	10/25/2028	5,119	5,100	4,770	0.56	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Apex Service Partners, LLC	(9) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.73	%	10/24/2030	153	152	155	0.02	%
Apex Service Partners, LLC	(9) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.73	%	10/24/2030	153	152	155	0.02	%
Apex Service Partners, LLC	(9) (11) (12)	Revolving Loan	S + 5.00%	8.73	%	10/24/2029	55	25	26	—	%
Apex Service Partners, LLC	(9) (12)	First Lien Debt	S + 5.00%	8.73	%	10/24/2030	624	619	632	0.07	%
Canopy Service Partners, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	2/28/2033	1,375	96	72	0.01	%
Canopy Service Partners, LLC	(6)	First Lien Debt	S + 4.50%	8.23	%	2/28/2033	1,625	1,616	1,597	0.19	%
Columbia Home Services LLC	(11) (12)	Subordinated Debt (Delayed Draw)	N/A	10.00% (Cash) 2.00% (PIK)		11/27/2031	22	—	(1)	—	%
Columbia Home Services LLC	(12)	Subordinated Debt	N/A	10.00% (Cash) 2.00% (PIK)		11/27/2031	79	77	74	0.01	%
Excel Fitness Consolidator LLC	(6)	First Lien Debt	S + 4.75%	8.48	%	4/29/2030	10,169	10,112	9,994	1.18	%
Excel Fitness Consolidator LLC	(12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	4/29/2030	1,892	1,883	1,860	0.22	%
Legacy Service Partners, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	11/10/2031	100	4	3	—	%
Legacy Service Partners, LLC	(11) (12)	Subordinated Debt (Delayed Draw)	N/A	13.25% (PIK)		11/10/2032	48	40	39	—	%
Legacy Service Partners, LLC	(12)	Subordinated Debt	N/A	13.25% (PIK)		11/10/2032	58	57	57	0.01	%
Legacy Service Partners, LLC	(6) (12)	First Lien Debt	S + 4.50%	8.23	%	11/10/2031	17,459	17,408	17,356	2.04	%
Liberty Buyer, Inc. (Liberty Group)	(9) (12)	First Lien Debt	S + 5.75%	9.52	%	6/15/2028	3,829	3,816	3,669	0.43	%
Liberty Buyer, Inc. (Liberty Group)	(9) (12)	First Lien Debt (Delayed Draw)	S + 5.75%	9.52	%	6/15/2028	288	288	276	0.03	%
National Renovations LLC (Repipe Specialists)	(12)	Subordinated Debt (Delayed Draw)	N/A	10.00% (Cash) 3.00% (PIK)		3/18/2029	649	649	566	0.07	%
National Renovations LLC (Repipe Specialists)	(12)	Subordinated Debt	N/A	10.00% (Cash) 3.00% (PIK)		3/18/2029	654	654	570	0.07	%
National Renovations LLC (Repipe Specialists)	(12)	Subordinated Debt	N/A	10.00% (Cash) 2.00% (PIK)		3/18/2029	741	734	630	0.07	%
National Renovations LLC (Repipe Specialists)	(12)	Subordinated Debt	N/A	10.00% (Cash) 1.00% (PIK)		3/18/2029	2,703	2,680	2,298	0.27	%
National Renovations LLC (Repipe Specialists)	(12)	Subordinated Debt (Delayed Draw)	N/A	10.00% (Cash) 1.00% (PIK)		3/18/2029	234	234	199	0.02	%
North Haven Fairway Buyer, LLC (Fairway Lawns)	(11) (12)	Subordinated Debt (Delayed Draw)	N/A	8.00% (Cash) 3.50% (PIK)		5/17/2029	5,107	4,797	4,733	0.56	%
North Haven Fairway Buyer, LLC (Fairway Lawns)	(12)	Subordinated Debt (Delayed Draw)	N/A	8.00% (Cash) 3.50% (PIK)		5/17/2029	4,578	4,578	4,520	0.53	%
North Haven Fairway Buyer, LLC (Fairway Lawns)	(12)	Subordinated Debt (Delayed Draw)	N/A	8.00% (Cash) 3.50% (PIK)		5/17/2029	6,604	6,604	6,520	0.77	%
North Haven Spartan US Holdco LLC	(6)	First Lien Debt	S + 5.75%	9.41	%	12/6/2027	2,437	2,437	2,437	0.29	%
North Haven Spartan US Holdco LLC	(6)	First Lien Debt (Delayed Draw)	S + 5.75%	9.41	%	12/6/2027	211	211	211	0.02	%
North Haven Spartan US Holdco LLC	(12)	First Lien Debt (Delayed Draw)	S + 5.75%	9.41	%	12/6/2027	3,231	3,229	3,231	0.38	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Perennial Services Group, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	12/23/2032	5,281	2,571	2,359	0.28	%
Perennial Services Group, LLC	(6) (9)	First Lien Debt	S + 4.50%	8.23	%	12/23/2032	7,228	7,195	6,938	0.82	%
Yard-Nique, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.48	%	9/29/2028	161	—	(1)	—	%
Yard-Nique, Inc.	(6)	First Lien Debt	S + 4.75%	8.48	%	9/29/2028	837	832	832	0.10	%
Total Services: Consumer								94,321	91,444	10.76	%

Sovereign & Public Finance
Renaissance Buyer, LLC (LMI Consulting, LLC)	(6) (12)	First Lien Debt	S + 4.75%	8.45	%	7/18/2028	11,948	11,889	11,948	1.41	%
Total Sovereign & Public Finance								11,889	11,948	1.41	%

Telecommunications
BCM One, Inc.	(6)	First Lien Debt	S + 4.50%	8.24	%	11/17/2027	5,617	5,617	5,617	0.66	%
BCM One, Inc.	(6)	First Lien Debt (Delayed Draw)	S + 4.50%	8.24	%	11/17/2027	1,684	1,684	1,684	0.20	%
MBS Holdings, Inc.	(9) (12)	First Lien Debt	S + 5.00%	8.74	%	4/16/2027	1,032	1,028	1,032	0.12	%
MBS Holdings, Inc.	(6) (9)	First Lien Debt	S + 5.00%	8.74	%	4/16/2027	1,782	1,775	1,782	0.21	%
MBS Holdings, Inc.	(6) (9) (12)	First Lien Debt	S + 5.00%	8.74	%	4/16/2027	9,796	9,785	9,796	1.15	%
MBS Holdings, Inc.	(6) (9)	First Lien Debt	S + 5.00%	8.74	%	4/16/2027	1,281	1,276	1,281	0.15	%
Mobile Communications America, Inc.	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.46	%	10/16/2029	1,652	359	346	0.04	%
Mobile Communications America, Inc.	(6) (12)	First Lien Debt	S + 4.75%	8.42	%	10/16/2029	18,043	17,898	17,897	2.11	%
Mobile Communications America, Inc.	(12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.42	%	10/16/2029	4,247	4,230	4,213	0.50	%
Sapphire Telecom, Inc.	(6) (12)	First Lien Debt	S + 5.00%	8.73	%	6/27/2029	18,746	18,646	18,746	2.21	%
Tyto Athene, LLC	(6) (12)	First Lien Debt	S + 4.75%	8.58	%	4/3/2028	7,120	7,098	6,692	0.79	%
Total Telecommunications								69,396	69,086	8.14	%

Transportation: Cargo
A&R Logistics Holdings, Inc. (Quantix SCS, LLC)	(9) (12) (16)	First Lien Debt	S + 2.50%	6.33% (Cash) 4.25% (PIK)		2/3/2028	264	264	143	0.02	%
A&R Logistics Holdings, Inc. (Quantix SCS, LLC)	(9) (12) (16)	First Lien Debt	S + 2.50%	6.33% (Cash) 4.25% (PIK)		2/3/2028	918	917	496	0.06	%
A&R Logistics Holdings, Inc. (Quantix SCS, LLC)	(9) (12) (16)	First Lien Debt	S + 2.50%	6.33% (Cash) 4.25% (PIK)		2/3/2028	186	185	100	0.01	%
A&R Logistics Holdings, Inc. (Quantix SCS, LLC)	(9) (12) (16)	First Lien Debt	S + 2.50%	6.33% (Cash) 4.25% (PIK)		2/3/2028	4,481	4,481	2,420	0.29	%
A&R Logistics Holdings, Inc. (Quantix SCS, LLC)	(9) (12) (16)	First Lien Debt	S + 2.50%	6.33% (Cash) 4.25%(PIK)		2/3/2028	1,395	1,368	753	0.09	%
A&R Logistics Holdings, Inc. (Quantix SCS, LLC)	(9) (12)	Revolving Loan	P + 6.75%	13.50% (PIK)		7/17/2031	274	274	274	0.03	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
FSK Pallet Holding Corp. (Kamps Pallets)	(6) (12)	First Lien Debt	S + 6.25%	10.06	%	12/23/2026	8,009	7,990	7,942	0.93	%
Kenco PPC Buyer LLC	(6) (12)	First Lien Debt	S + 4.25%	7.92	%	11/15/2029	21,548	21,444	21,541	2.54	%
Kenco PPC Buyer LLC	(6) (12)	First Lien Debt (Delayed Draw)	S + 4.25%	7.90	%	11/15/2029	3,563	3,547	3,562	0.42	%
R1 Holdings, LLC (RoadOne)	(12)	Subordinated Debt	N/A	13.75% (PIK)		6/30/2029	5,331	5,197	5,184	0.60	%
SEKO Global Logistics Network, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 10.50%	4.67% (Cash) 9.50% (PIK)		11/27/2029	73	57	57	0.01	%
SEKO Global Logistics Network, LLC	(9) (12)	First Lien Debt	S + 10.50%	4.67% (Cash) 9.50% (PIK)		11/27/2029	137	137	137	0.02	%
SEKO Global Logistics Network, LLC	(12)	First Lien Debt	S + 10.00%	13.67% (PIK)		11/27/2029	500	494	500	0.06	%
SEKO Global Logistics Network, LLC	(12)	First Lien Debt	S + 7.00%	10.67% (PIK)		5/27/2030	1,842	1,842	1,055	0.12	%
TI Acquisition NC, LLC	(6)	First Lien Debt	S + 4.25%	7.99	%	3/19/2027	2,708	2,692	2,708	0.32	%
Total Transportation: Cargo								50,889	46,872	5.52	%

Transportation: Consumer
EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC)	(6)	First Lien Debt	S + 4.50%	8.14	%	2/14/2031	10,428	10,356	10,236	1.21	%
EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC)	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.15	%	2/14/2031	3,040	—	(56)	(0.01)	%
Firstline Road Solutions, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	5/1/2033	36	—	—	—	%
Firstline Road Solutions, LLC	(12)	First Lien Debt	S + 4.50%	8.23	%	5/1/2033	64	63	63	0.01	%
Total Transportation: Consumer								10,419	10,243	1.21	%

Utilities: Electric
CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc)	(9) (12)	First Lien Debt	S + 4.75%	8.40	%	8/27/2031	10,303	10,223	10,264	1.21	%
CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc)	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.38	%	8/27/2031	2,612	1,136	1,136	0.13	%
CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc)	(9) (11) (12)	Revolving Loan	S + 4.75%	8.40	%	8/27/2031	1,925	(14)	(7)	—	%
Force Electrical Buyerco, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.18	%	10/21/2032	63	13	12	—	%
Force Electrical Buyerco, LLC	(12)	First Lien Debt	S + 4.50%	8.17	%	10/21/2032	37	37	36	—	%
Industrial Air Flow Dynamics, Inc.	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.73	%	8/14/2030	21	—	—	—	%
Industrial Air Flow Dynamics, Inc.	(9) (12)	First Lien Debt	S + 5.00%	8.73	%	8/14/2030	79	78	77	0.01	%
Low Voltage Holdings Inc.	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.23	%	4/28/2032	383	—	—	—	%
Low Voltage Holdings Inc.	(9) (11) (12)	Revolving Loan	S + 4.50%	8.17	%	4/28/2032	352	43	44	0.01	%
Low Voltage Holdings Inc.	(6) (9) (12)	First Lien Debt	S + 4.50%	8.23	%	4/28/2032	2,709	2,702	2,709	0.32	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost		Fair Value (4)		% of Net Assets (5)
Pinnacle Supply Partners, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 6.25%	10.08	%	4/3/2030	1,636	—		(69)		(0.01	%)
Pinnacle Supply Partners, LLC	(6) (12)	First Lien Debt	S + 6.25%	10.01	%	4/3/2030	6,181	6,107		5,919		0.70	%
Pinnacle Supply Partners, LLC	(12)	First Lien Debt (Delayed Draw)	S +6.25%	10.06	%	4/3/2030	1,962	1,958		1,879		0.22	%
RMS Energy Borrower LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.19	%	9/30/2032	1,228	1,121		1,119		0.13	%
RMS Energy Borrower LLC	(6)	First Lien Debt	S + 4.50%	8.23	%	9/30/2032	6,718	6,689		6,693		0.79	%
Total Utilities: Electric								30,093		29,812		3.51	%

Utilities: Water
USA Water Intermediate Holdings, LLC	(6)	First Lien Debt	S + 4.50%	8.17	%	2/21/2031	7,719	7,669		7,673		0.90	%
USA Water Intermediate Holdings, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.16	%	2/21/2031	3,014	2,443		2,425		0.29	%
Total Utilities: Water								10,112		10,098		1.19	%

Wholesale
INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions)	(6) (12)	First Lien Debt (Delayed Draw)	S + 5.50%	9.32	%	1/19/2029	1,947	1,929		1,917		0.23	%
INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions)	(6)	First Lien Debt	S + 5.50%	9.32	%	1/19/2029	11,445	11,348		11,270		1.32	%
ISG Enterprises, LLC (Industrial Service Group)	(6) (12)	First Lien Debt	S + 5.75%	9.41	%	12/7/2028	6,360	6,302		6,197		0.73	%
ISG Enterprises, LLC (Industrial Service Group)	(6)	First Lien Debt (Delayed Draw)	S + 5.75%	9.41	%	12/7/2028	3,312	3,306		3,227		0.38	%
Total Wholesale								22,885		22,611		2.66	%

Total Debt Investments								$	1,908,706	$	1,859,112	218.96	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Acquisition Date	Shares/Units	Cost		Fair Value (4)		% of Net Assets (5)
Equity Investments

Aerospace & Defense
BPC Kodiak LLC (Turbine Engine Specialists)	(8) (10) (12) (15)	Class A-1 Units	9/1/2023	1,530,000	$	1,530	$	2,821	0.33	%
Total Aerospace & Defense					1,530		2,821		0.33	%

Automotive
Buckeye Group Holdings, L.P. (JEGS Automotive)	(8) (9) (12)	LP Interests	12/31/2024	998,311	402		—		—	%
Buckeye Group Holdings, L.P. (JEGS Automotive)	(8) (9) (12)	LP Interests	12/31/2024	1,836,884	404		—		—	%
Buckeye Group Holdings, L.P. (JEGS Automotive)	(8) (9) (12)	LP Interests	12/31/2024	998,311	—		—		—	%
Covercraft Parent III, Inc.	(8) (12)	LP Interests	8/20/2021	768	768		—		—	%
HBB Parent, LLC (High Bar Brands)	(8) (12)	LP Interests	12/19/2023	303,000	303		195		0.02	%
Pegasus Aggregator Holdings LP (S&S Truck Parts)	(8) (12)	LP Interests	12/31/2024	7	668		654		0.08	%
Phoenix Topco Holdings LP (S&S Truck Parts)	(8) (12)	Partnership Interests	6/3/2024	1,000	974		1,324		0.16	%
Phoenix Topco Holdings LP (S&S Truck Parts)	(8) (12)	Warrants	6/3/2024	1,000	1		—		—	%
Total Automotive					3,520		2,173		0.26	%

Banking, Finance, Insurance & Real Estate
BayPine Regal Co-Invest, LP	(8) (12) (17)	Partnership Interests	5/8/2026	1,000	1,000		1,000		0.12	%
Total Banking, Finance, Insurance & Real Estate					1,000		1,000		0.12	%

Beverage, Food & Tobacco
Bardstown PPC Buyer LLC (Bardstown Bourbon Company)	(8) (12)	Common	7/13/2022	15,373	2,008		1,228		0.14	%
Razor Light Topco, L.P. (f/k/a Lonestar Polaris Topco, LP)	(8) (12)	Class A Units	2/6/2026	323,130	323		326		0.04	%
VCP Tech24 Co-Invest Aggregator LP (Tech24)	(8) (12) (17)	Company Unit	10/5/2023	1,024	1,017		893		0.10	%
WPP Fairway Aggregator B, L.P (Fresh Edge)	(8) (12)	Class B Common Units	10/3/2022	698	5		—		—	%
WPP Fairway Aggregator B, L.P (Fresh Edge)	(8) (12)	Class A Preferred Units	10/3/2022	698	698		303		0.04	%
Total Beverage, Food & Tobacco					4,051		2,750		0.32	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Acquisition Date	Shares/Units	Cost	Fair Value (4)	% of Net Assets (5)
Capital Equipment
ATL GSE Holdings, LP (SkyMark Refuelers)	(8) (12)	Class A Units	12/16/2025	63	63	70	0.01	%
CMG HoldCo, LLC (Crete)	(8) (12)	Series A Preferred Stock	5/19/2022	24	249	351	0.04	%
EFC Holdings, LLC (EFC International)	(8) (12)	Class A Common Units	3/1/2023	148	60	—	—	%
EFC Holdings, LLC (EFC International)	(8) (12)	Class A Preferred Units	3/1/2023	148	148	184	0.02	%
E-Tech Holdings Partnership, L.P. (E-Technologies Group, Inc.)	(8) (12)	Partnership Interests	5/22/2024	1,000,000	1,000	759	0.09	%
Lapmaster Co-Investment, LLC (Precision Surfacing Solutions)	(8) (12)	Common Units	10/5/2022	3,750,000	3,750	6,254	0.74	%
Total Capital Equipment					5,270	7,618	0.90	%

Chemicals, Plastics & Rubber
New Spartech Holdings LLC	(8) (12)	Common Stock	6/6/2025	314,809	1,595	—	—	%
Total Chemicals, Plastics & Rubber					1,595	—	—	%

Construction & Building
GreyLion TGNL Holdings	(8) (11) (12) (17)	Limited Partnership Interests	5/2/2025	846,770	865	1,724	0.20	%
Oceansound Partners Co-Invest II, LP (Gannett Fleming)	(8) (12)	Series F interests	5/26/2023	1,272,139	1,274	1,862	0.22	%
OSP Gannett Aggregator, LP (Gannett Fleming)	(8) (10) (12) (15)	Limited Partnership Interests	12/20/2022	894,607	895	1,310	0.15	%
RPI Investments LP (Rose Paving)	(8) (12)	Class A Units	11/27/2024	690	100	99	0.01	%
Total Construction & Building					3,134	4,995	0.58	%

Consumer Goods: Durable
LH Equity Investors, L.P.	(8) (11) (12) (17)	Limited Partnership Interest	9/3/2025	1,444	1,444	2,039	0.24	%
Total Consumer Goods: Durable					1,444	2,039	0.24	%

Consumer Goods: Non-durable
AUA Famiglia Co-Investors Feeder, LLC	(8) (12)	Units	5/1/2026	1,709	1,801	1,709	0.20	%
FBG Holdings LLC (Foodservices Brand Group)	(8) (12)	Common Units	8/8/2025	66	512	331	0.04	%
Ultima Health Holdings, LLC	(8) (12)	Preferred Units	9/12/2022	15	170	399	0.05	%
Total Consumer Goods: Non-durable					2,483	2,439	0.29	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Acquisition Date	Shares/Units	Cost	Fair Value (4)	% of Net Assets (5)
Containers, Packaging & Glass
Conversion Holdings, L.P. (Specialized Packaging Group)	(8) (10) (12)	Class A Units	12/17/2020	147,708	148	188	0.02	%
Oliver Investors, LP (Oliver Packaging)	(8) (12)	Class A Units	4/22/2025	555	28	32	—	%
Oliver Investors, LP (Oliver Packaging)	(8) (12)	Class A Common Units	7/6/2022	11,916	1,131	98	0.01	%
Total Containers, Packaging & Glass					1,307	318	0.03	%

Healthcare & Pharmaceuticals
HMA Equity, LP (Health Management Associates)	(8) (12)	AA Equity Co-Invest	3/30/2023	399,904	400	599	0.07	%
MDC Group Holdings, LP (Mosaic Dental)	(8) (12)	AA Equity Co-Invest	2/7/2023	245	245	—	—	%
NP/BF Holdings, L.P.	(8) (12)	AA Equity Co-Invest	4/30/2025	1,000	1,000	755	0.09	%
OneSmile, LLC (Smile Brands)	(8) (12)	Series E-2 Units	4/14/2026	1,522	—	—	—	%
OneSmile, LLC (Smile Brands)	(8) (12)	Preferred Units	4/14/2026	461	—	—	—	%
RCP Nats Co-Investment Fund LP	(8) (12) (17)	Limited Partnership Interests	3/17/2025	779,607	782	1,362	0.16	%
REP Coinvest III AAD, L.P. (Anne Arundel)	(8) (12)	AA Equity Co-Invest	10/16/2020	12,175	880	—	—	%
REP HS Holdings, LLC (HemaSource)	(8) (12)	LP Interests	8/31/2023	577,000	577	806	0.09	%
WE Select Fund 3, L.P.	(8) (12) (17)	Partnership Interest	9/10/2025	483,000	495	677	0.08	%
Total Healthcare & Pharmaceuticals					4,379	4,199	0.49	%

High Tech Industries
GNX HBS Holdings, LLC	(8) (12)	LP Interests	10/1/2025	60	60	83	0.01	%
Myriad Investment Holdings, L.P. (Smart Wave)	(8) (12)	Series B-2 Units	1/6/2026	178,105	158	141	0.02	%
Solve Group Holdings, L.P. (Solve Industrial)	(8) (12)	LP Interests	6/30/2021	313	313	375	0.04	%
Three Rivers Co-Investment, L.P.	(8) (12) (17)	LP Interests	11/7/2025	500,000	501	500	0.06	%
Total High Tech Industries					1,032	1,099	0.13	%

Media: Diversified & Production
BroadcastMed Holdco, LLC	(8) (12)	Series A-3 Preferred Units	10/4/2022	56,899	853	819	0.10	%
CVI Group Holding Company, LLC (Corporate Visions, Inc.)	(8) (12)	Common Class A Units	3/5/2026	15,113,838	—	—	—	%
CVI Group Holding Company, LLC (Corporate Visions, Inc.)	(8) (12)	Preferred Equity Units	3/5/2026	329	—	—	—	%
Total Media: Diversified & Production					853	819	0.10	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Acquisition Date	Shares/Units	Cost	Fair Value (4)	% of Net Assets (5)
Services: Business
BayPine Monarch Co-Invest, LP	(8) (12) (17)	Limited Partnership Interests	6/3/2025	100,000	101	112	0.01	%
Certus NDT Group Holdings, LLC	(8) (12)	Class A Units	2/11/2026	245	245	252	0.03	%
Concord FG Holdings, LP (E78)	(8) (12)	Class A Common Units	12/1/2021	816	496	536	0.06	%
Crimson FLS TopCo, L.P.	(8) (12)	Class A Units	2/18/2026	30,000	3,000	2,981	0.35	%
Geds Equity Investors, LP (Esquire Deposition Services)	(8) (12)	Class A Limited Partnership Units	7/1/2024	2,424	320	319	0.04	%
Harvest Group Topco Holdings, LP	(8) (12)	Class A Common Unit	3/2/2026	3,000	—	—	—	%
Harvest Group Topco Holdings, LP	(8) (12)	Preferred units	3/2/2026	3,000	3,000	3,103	0.37	%
KKEMP Blocked Co-Invest, LP	(8) (12)	Limited Partnership Interests	7/15/2025	1,000	1,000	1,160	0.14	%
KRIV Co-Invest Holdings, L.P. (Riveron)	(8) (12) (17)	Class A Units	7/17/2023	790	790	1,104	0.13	%
M&S Group Holdings,LLC	(8) (12)	Common Units	12/23/2025	2,998	300	298	0.04	%
NMS VONA Case Management Acquisition, LP	(8) (12) (17)	Class A Common Units	11/25/2025	2,793	1,500	2,066	0.24	%
NMSEF II Holdings I, L.P.	(8) (12) (17)	Limited Partner Interests	9/29/2025	483,000	485	519	0.06	%
North Haven Terrapin IntermediateCo, LLC (Apex Companies)	(8) (12)	Class A Membership Interests	1/31/2023	1,173	117	185	0.02	%
OSG Topco Holdings, LLC (Output Services Group, Inc.)	(8) (12)	Class A Units	11/30/2023	47,021	833	494	0.06	%
PN Topco L.P.	(8) (12)	Class A Units	7/31/2025	86,080	86	70	0.01	%
Rocket Ultimate LP	(8) (12)	Class A Units	2/19/2026	2,982,000	2,982	2,982	0.35	%
Schill Blocker Agg, LLC	(8) (12) (17)	Limited Partnership Interests	12/12/2025	3,000,000	3,000	2,979	0.35	%
Shoreline CNB Partners Investment, LP (Career Now)	(8) (12)	Common Equity	9/30/2021	624	624	—	—	%
Shoreline CNB Partners Investment, LP (Career Now)	(8) (12)	Series B Limited Partnership Units	10/23/2023	222	22	—	—	%
STech Investors, LP (Sentinel Technologies)	(8) (12)	Class A Unit	11/3/2025	961	96	113	0.01	%
TBG Acquisitions, Inc.	(8) (12)	Series A-1 Preferred Stock	6/12/2026	1,000	1,000	1,000	0.12	%
Uplift Investors Finch Co-Invest Fund, LP	(8) (12) (17)	Limited Partnership Interests	3/31/2026	1,000,000	1,000	1,000	0.12	%
Total Services: Business					20,997	21,273	2.51	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Acquisition Date	Shares/Units	Cost	Fair Value (4)	% of Net Assets (5)
Services: Consumer
CHS Investors, LLC (Columbia Home Services)	(8) (12)	Class B Units	5/27/2025	576	83	49	0.01	%
Entomo Brands Acquisitions, Inc. (Palmetto Exterminators)	(8) (12)	Class B Units	7/31/2023	997,000	1,117	1,246	0.14	%
FS NU Investors, LP (NearU)	(8) (9) (12)	Class B Units	8/8/2022	2,432	243	73	0.01	%
Legacy Parent Holdings, LLC (Legacy Service Partners)	(8) (12)	Class B Units	1/9/2023	121	14	16	—	%
Legacy Parent Holdings, LLC (Legacy Service Partners)	(8) (12)	Class B Units	1/9/2023	4,907	491	655	0.08	%
Repipe Aggregator, LLC (Repipe Specialists)	(8) (11) (12)	Purchased Units	3/31/2022	282	282	57	0.01	%
Total Services: Consumer					2,230	2,096	0.25	%

Sovereign & Public Finance
CMP Ren Partners I-A LP (LMI Consulting, LLC)	(8) (11) (12)	Limited Partnership Interests	6/30/2022	633,980	634	1,620	0.19	%
Total Sovereign & Public Finance					634	1,620	0.19	%

Transportation: Cargo
EVE Bison Co-Invest A, LP	(8) (12) (17)	Limited Partner Interest	6/10/2026	1,000,000	1,000	1,000	0.12	%
Red Griffin TopCo, LLC (Seko Global Logistics LLC)	(8) (12)	Partnership Units	11/27/2024	778	2,820	—	—	%
Red Griffin TopCo, LLC (Seko Global Logistics LLC)	(8) (12)	Partnership Units	11/27/2024	409	1,481	—	—	%
REP RO Coinvest IV-A, LP (RoadOne)	(8) (11) (12)	Partnership Units	12/29/2022	938,576	939	410	0.05	%
Total Transportation: Cargo					6,240	1,410	0.17	%

Utilities: Electric
Helios Aggregator Holdings I LP (Pinnacle Supply Partners, LLC)	(8) (12)	Subject Partnership Units	4/3/2023	279,687	280	86	0.01	%
Total Utilities: Electric					280	86	0.01	%

Utilities: Water
USAW Parent LLC (USA Water)	(8) (12)	Common Unit	2/21/2024	4,005	400	579	0.07	%
Total Utilities: Water					400	579	0.07	%

Wholesale
Lettermen's Parent Holding, LLC	(8) (12)	Common Units	12/5/2025	486	49	51	0.01	%
Lettermen's Parent Holding, LLC	(8) (12)	Common Units	11/20/2025	4,000	400	420	0.05	%
Total Wholesale					449	471	0.06	%

(1)Unless otherwise indicated, all investments are non-controlled/non-affiliated investments as defined by the Investment Company Act of 1940, as amended (the “1940 Act”). The 1940 Act classifies investments based on the level of control that the Company maintains in a particular portfolio company. As defined in the 1940 Act, a portfolio company is generally presumed to be “non-controlled” when the Company owns 25% or less of the portfolio company’s voting securities and “controlled” when the Company owns more than 25% of the portfolio company’s voting securities. The 1940 Act also classifies investments further based on the level of ownership that the Company maintains in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when the Company owns less than 5% of a portfolio company’s voting securities and “affiliated” when the Company owns 5% or more of a portfolio company’s voting securities.


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount		Amortized Cost		Fair Value (4)		% of Net Assets (5)
Investments
Debt Investments
Aerospace & Defense
ERA Industries, LLC (BTX Precision)	(12)	First Lien Debt	S + 4.75%	8.47	%	7/25/2030	$	1,551	$	1,535	$	1,555	0.18	%
ERA Industries, LLC (BTX Precision)	(12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.47	%	7/25/2030	889		887		891		0.10	%
PAG Holding Corp. (Precision Aviation Group)	(6) (12)	First Lien Debt	S + 4.75%	8.42	%	12/21/2029	14,739		14,524		14,721		1.68	%
PAG Holding Corp. (Precision Aviation Group)	(12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.42	%	12/21/2029	4,886		4,852		4,880		0.56	%
STS Holding, Inc.	(6)	First Lien Debt	S + 4.75%	8.42	%	11/12/2030	3,500		3,471		3,343		0.38	%
Turbine Engine Specialists, Inc.	(12)	Subordinated Debt	S + 9.50%	13.38	%	3/1/2029	813		794		812		0.09	%
Turbine Engine Specialists, Inc.	(12)	Subordinated Debt	S + 9.50%	13.32	%	3/1/2029	2,505		2,462		2,502		0.29	%
Valkyrie Intermediate, LLC	(12)	Subordinated Debt	N/A	10.50% (Cash) 1.00% (PIK)		11/17/2027	2,894		2,870		2,875		0.33	%
Total Aerospace & Defense									31,395		31,579		3.61	%

Automotive
Covercraft Parent III, Inc.	(12) (16)	Subordinated Debt	N/A	14.50% (PIK)		2/20/2028	7,562		7,491		871		0.10	%
High Bar Brands Operating, LLC	(12)	Subordinated Debt	N/A	9.00% (Cash) 4.00% (PIK)		6/19/2030	2,088		2,052		2,013		0.23	%
JEGS Automotive	(12)	First Lien Debt	S + 7.00%	10.67	%	12/31/2029	1,367		1,367		1,367		0.16	%
JEGS Automotive	(12)	Revolving Loan	S + 7.00%	10.67	%	12/31/2029	227		227		227		0.03	%
OEP Glass Purchaser, LLC (PGW Auto Glass)	(6) (12)	First Lien Debt	S + 4.75%	8.63	%	4/18/2028	12,563		12,507		12,532		1.43	%
OEP Glass Purchaser, LLC (PGW Auto Glass)	(12)	First Lien Debt	S + 4.75%	8.63	%	4/18/2028	2,401		2,386		2,395		0.27	%
RA Parent Holdings LP (S&S Truck Parts)	(6)	First Lien Debt	S + 5.00%	8.85	%	3/1/2029	1,135		1,129		1,120		0.13	%
RA Parent Holdings LP (S&S Truck Parts)	(6) (12)	First Lien Debt	S + 5.00%	8.85	%	3/1/2029	19,832		19,685		19,565		2.23	%
RA Parent Holdings LP (S&S Truck Parts)	(6)	First Lien Debt (Delayed Draw)	S + 5.00%	8.85	%	3/1/2029	1,690		1,690		1,667		0.19	%
RA Parent Holdings LP (S&S Truck Parts)	(6)	First Lien Debt (Delayed Draw)	S + 5.00%	8.85	%	3/1/2029	96		96		95		0.01	%
RA Parent Holdings LP (S&S Truck Parts)	(6)	First Lien Debt	S + 5.00%	8.85	%	3/1/2029	6,718		6,683		6,628		0.76	%
Randys Holdings, Inc. (Randy's Worldwide Automotive)	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.73	%	11/1/2029	3,724		3,032		2,976		0.34	%
Randys Holdings, Inc. (Randy's Worldwide Automotive)	(6) (9) (12)	First Lien Debt	S + 5.00%	8.73	%	11/1/2029	10,913		10,821		10,749		1.23	%
Total Automotive									69,166		62,205		7.11	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Banking, Finance, Insurance, Real Estate
Aprio Advisory Group, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.62	%	8/1/2031	92	—	—	—	%
Aprio Advisory Group, LLC	(11) (12)	Revolving Loan	S + 4.75%	8.62	%	8/1/2031	8	—	—	—	%
Ascend Partner Services LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.54	%	8/11/2031	12,588	12,157	12,089	1.39	%
Ascend Partner Services LLC	(6)	First Lien Debt	S + 4.50%	8.54	%	8/11/2031	7,284	7,224	7,215	0.82	%
Big Apple Advisory, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.24	%	11/18/2031	4,305	964	994	0.11	%
Big Apple Advisory, LLC	(11) (12)	Revolving Loan	S + 4.50%	8.24	%	11/18/2031	1,740	(15)	5	—	%
Big Apple Advisory, LLC	(12)	First Lien Debt	S + 4.50%	8.24	%	11/18/2031	8,888	8,810	8,914	1.02	%
Cohen Advisory, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	12/31/2031	4,824	195	216	0.02	%
Cohen Advisory, LLC	(6)	First Lien Debt	S + 4.50%	8.17	%	12/31/2031	8,599	8,522	8,599	0.98	%
Compex Legal Services, Inc.	(12)	First Lien Debt	S + 5.75%	9.72	%	3/31/2028	100	100	100	0.01	%
Illumifin Corporation (Long Term Care Group)	(9) (12)	First Lien Debt	S + 6.00%	10.13	%	9/8/2027	7,275	7,276	7,024	0.80	%
Knight AcquireCo, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.37	%	11/8/2032	1,250	—	(3)	—	%
Knight AcquireCo, LLC	(6) (9)	First Lien Debt	S + 4.50%	8.37	%	11/8/2032	3,750	3,741	3,743	0.43	%
Patriot Growth Insurance Services, LLC	(9) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.82	%	10/16/2028	7,028	6,992	6,939	0.79	%
Smith & Howard Advisory LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.59	%	11/26/2030	2,344	2,227	2,189	0.25	%
Smith & Howard Advisory LLC	(6)	First Lien Debt	S + 4.75%	8.59	%	11/26/2030	2,893	2,868	2,840	0.32	%
Vensure Employer Services, Inc.	(9) (12)	First Lien Debt	S + 5.00%	8.67	%	9/27/2031	3,219	3,198	3,219	0.37	%
Vensure Employer Services, Inc.	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.67	%	9/27/2031	52	—	—	—	%
World Insurance Associates, LLC	(6) (9) (12)	First Lien Debt	S + 5.00%	8.67	%	4/3/2030	14,621	14,617	14,529	1.67	%
Total Banking, Finance, Insurance, Real Estate								78,876	78,612	8.98	%

Beverage, Food & Tobacco
AmerCareRoyal, LLC	(6)	First Lien Debt	S + 5.00%	8.72	%	9/10/2030	713	707	700	0.08	%
AmerCareRoyal, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.72	%	9/10/2030	165	—	(3)	—	%
AmerCareRoyal, LLC	(12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.72	%	9/10/2030	114	113	112	0.01	%
Bardstown PPC Buyer LLC (Bardstown Bourbon Company)	(12)	Subordinated Debt	S + 7.75%	11.45	%	8/30/2027	9,300	9,226	9,144	1.04	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
BCPE North Star US Holdco 2, Inc. (Dessert Holdings)	(6) (9) (12) (14)	Subordinated Debt	S + 7.25%	11.08	%	6/8/2029	6,245	6,183	6,176	0.71	%
Boardwalk Buyer LLC (Death Wish Coffee)	(6) (9)	First Lien Debt	S + 4.75%	8.52	%	9/28/2028	9,600	9,570	9,600	1.10	%
Commercial Bakeries Corp.	(6) (10) (12)	First Lien Debt	S + 5.25%	8.92	%	9/25/2029	16,936	16,709	16,844	1.92	%
Commercial Bakeries Corp.	(6) (10)	First Lien Debt	S + 5.25%	8.92	%	9/25/2029	2,004	1,992	1,993	0.23	%
FoodScience, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.62	%	11/14/2031	6,307	2,065	2,040	0.23	%
FoodScience, LLC	(6) (12)	First Lien Debt	S + 4.75%	8.62	%	11/14/2031	5,867	5,816	5,831	0.67	%
IF&P Holding Company, LLC (Fresh Edge)	(12)	Subordinated Debt	S + 4.50%	8.50% (Cash) 5.13% (PIK)		4/3/2029	4,293	4,239	4,137	0.47	%
IF&P Holding Company, LLC (Fresh Edge)	(12)	Subordinated Debt	S + 4.50%	9.16% (Cash) 5.13% (PIK)		4/3/2029	857	845	826	0.09	%
IF&P Holding Company, LLC (Fresh Edge)	(12)	Subordinated Debt	S + 4.50%	9.16% (Cash) 5.13% (PIK)		4/3/2029	1,014	998	978	0.11	%
Naturpak PPC Buyer LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.19	%	12/22/2032	1,111	—	(5)	—	%
Naturpak PPC Buyer LLC	(6)	First Lien Debt	S + 4.50%	8.19	%	12/22/2032	4,889	4,865	4,865	0.56	%
Nellson Nutraceutical, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 5.75%	9.42	%	4/17/2031	72	—	—	—	%
Nellson Nutraceutical, LLC	(9) (12)	First Lien Debt	S + 5.75%	9.42	%	4/17/2031	925	916	926	0.11	%
Palmetto Acquisitionco, Inc. (Tech24)	(6) (12)	First Lien Debt	S + 5.75%	9.42	%	9/18/2029	13,048	12,891	12,493	1.43	%
Palmetto Acquisitionco, Inc. (Tech24)	(12)	First Lien Debt (Delayed Draw)	S + 5.75%	9.42	%	9/18/2029	3,675	3,667	3,519	0.40	%
Refresh Buyer, LLC (Sunny Sky Products)	(6) (12)	First Lien Debt	S + 4.75%	8.35	%	12/23/2028	6,952	6,908	6,815	0.78	%
Refresh Buyer, LLC (Sunny Sky Products)	(12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.35	%	12/23/2028	1,760	1,760	1,726	0.20	%
Sara Lee Frozen Bakery, LLC (f/k/a KSLB Holdings, LLC)	(12)	First Lien Debt	S + 5.00%	8.99	%	7/30/2027	10,385	10,316	10,224	1.17	%
Sara Lee Frozen Bakery, LLC (f/k/a KSLB Holdings, LLC)	(6) (12)	First Lien Debt	S + 5.00%	8.99	%	7/30/2027	9,435	9,355	9,289	1.06	%
Watermill Express, LLC	(9) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.60	%	4/30/2031	2,373	2,368	2,373	0.27	%
Watermill Express, LLC	(6) (9) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.60	%	4/30/2031	3,154	3,154	3,154	0.36	%
Watermill Express, LLC	(6) (9) (12)	First Lien Debt	S + 4.75%	8.60	%	4/30/2031	6,295	6,250	6,295	0.72	%
Watermill Express, LLC	(6) (9)	First Lien Debt	S + 4.75%	8.60	%	4/30/2031	3,211	3,202	3,211	0.37	%
Watermill Express, LLC	(6) (9)	First Lien Debt (Delayed Draw)	S + 4.75%	8.60	%	4/30/2031	310	310	310	0.04	%
Watermill Express, LLC	(9) (11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.60	%	4/30/2031	1,880	(6)	—	—	%
Watermill Express, LLC	(9) (12)	First Lien Debt	S + 4.75%	8.60	%	4/30/2031	2,741	2,715	2,741	0.31	%


Portfolio Company (1) (2) (7)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount	Amortized Cost	Fair Value (4)	% of Net Assets (5)
WCHG Buyer, Inc. (Handgards, LLC)	(6) (12)	First Lien Debt	S + 4.75%	8.47	%	4/10/2031	20,256	20,090	20,249	2.31	%
Total Beverage, Food & Tobacco								147,224	146,563	16.75	%

Capital Equipment
Clean Solutions Buyer, Inc.	(6)	First Lien Debt	S + 4.50%	8.22	%	9/9/2030	975	967	962	0.11	%
Engineered Fastener Company, LLC (EFC International)	(12)	Subordinated Debt	N/A	11.00% (Cash) 2.50% (PIK)		5/1/2028	3,352	3,300	3,299	0.38	%
FirstCall Mechanical Group, LLC	(6)	First Lien Debt	S + 4.75%	8.42%		6/27/2031	9,850	9,772	9,786	1.12	%
FirstCall Mechanical Group, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.75%	8.42%		6/27/2031	19,844	15,427	15,315	1.74	%
Heartland Home Services, Inc. (Helios Buyer, Inc.)	(6) (9) (12)	First Lien Debt	S + 6.00%	9.77%		12/15/2026	6,334	6,325	6,216	0.71	%
Heartland Home Services, Inc. (Helios Buyer, Inc.)	(6) (9) (12)	First Lien Debt (Delayed Draw)	S + 6.00%	9.77%		12/15/2026	5,493	5,487	5,390	0.62	%
Heartland Home Services, Inc. (Helios Buyer, Inc.)	(6) (9) (12)	First Lien Debt (Delayed Draw)	S + 6.00%	9.77	%	12/15/2026	2,519	2,519	2,472	0.28	%
Hyperion Materials & Technologies, Inc.	(12)	First Lien Debt	S + 4.50%	8.44	%	8/30/2028	2,600	2,600	2,490	0.28	%
Jetson Buyer, Inc. (E-Technologies Group, Inc.)	(6)	First Lien Debt	S + 5.50%	9.17	%	4/9/2030	7,204	7,147	7,054	0.81	%
Ovation Holdings, Inc	(11) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.84	%	2/4/2030	7,838	7,352	7,410	0.85	%
Ovation Holdings, Inc	(6)	First Lien Debt	S + 5.00%	8.84	%	2/4/2030	939	931	938	0.11	%
Ovation Holdings, Inc	(6)	First Lien Debt	S + 5.00%	8.84	%	2/4/2030	7,873	7,773	7,866	0.90	%
Ovation Holdings, Inc	(6)	First Lien Debt (Delayed Draw)	S + 5.00%	8.84	%	2/4/2030	1,863	1,849	1,862	0.21	%
Rhino Intermediate Holding Company, LLC (Rhino Tool House)	(6)	First Lien Debt	S + 5.25%	9.16	%	4/4/2029	9,427	9,320	9,307	1.06	%
Rhino Intermediate Holding Company, LLC (Rhino Tool House)	(6) (12)	First Lien Debt (Delayed Draw)	S + 5.25%	9.16	%	4/4/2029	1,812	1,808	1,789	0.20	%
SkyMark Refuelers, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.21	%	12/16/2032	914	616	612	0.07	%
SkyMark Refuelers, LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.50%	8.21	%	12/16/2032	1,364	—	(7)	—	%
SkyMark Refuelers, LLC	(12)	First Lien Debt	S + 4.50%	8.21	%	12/16/2032	2,722	2,708	2,708	0.31	%
USA Industries Holdings LLC	(11) (12)	First Lien Debt (Delayed Draw)	S + 4.25%	7.99	%	12/10/2032	36	—	—	—	%
USA Industries Holdings LLC	(12)	First Lien Debt	S + 4.25%	7.99	%	12/10/2032	64	63	63	0.01	%
Vessco Midco Holdings, LLC	(6) (9) (12)	First Lien Debt	S + 4.50%	8.42	%	7/24/2031	13,706	13,587	13,586	1.55	%


Maryland						84-3613224
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)
375 Park Avenue, 9th Floor, New York, NY						10152
(Address of principal executive offices)						(Zip Code)



Cash Equivalents	Interest Rate	Shares/Units	Cost		Fair Value (4)		% of Net Assets (5)

BlackRock Liquidity Funds T-Fund - Institutional Class	3.55%	38,481,634	$	38,482	$	38,482	4.53	%
First American Government Obligations Fund - Class Z	3.54%	2,276,874	2,277		2,277		0.27	%
Total Cash Equivalents			$	40,759	$	40,759	4.80	%

Total Investments and Cash Equivalents			$	2,012,293	$	1,959,676	230.81	%


Counterparty	Footnotes	Hedged Instrument	Company Receives	Company Pays	Maturity Date	Notional Amount		Fair Value		Unrealized Appreciation (Depreciation)		Upfront Payments/Receipts
Derivatives - Interest Rate Swaps
Wells Fargo Bank, N.A.	(13) (14)	2030 Notes	6.65%	S + 2.3015%	3/15/2030	$	300,000	$	8,534	$	8,534	—
Total Derivatives - Interest Rate Swaps								$	8,534	$	8,534	—


ý			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


¨			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


	June 30, 2026		June 30, 2025
Cash	$	4,997	$	3,210
Cash equivalents	40,759		40,798

Total cash and cash equivalents shown on the consolidated statements of cash flows	$	45,756	$	44,008