PNNT
PennantPark Investment
Portfolio Fair Value
$1.25B
442 holdings
Avg Spread
+6.48%
FV-weighted, debt
Avg Coupon
10.19%
FV-weighted
% First Lien
30.6%
of debt FV
Unrealized P/L
+$40.68M
+3.37% of cost
Non-Accrual
5
text-detected
Balance sheet
Assets$1.26B
Liabilities + Equity$1.26B
First Lien
$371.86M · 29.6%
First Lien
$371.86M · 29.6%
Second Lien
$17.38M · 1.4%
Subordinated
$715.60M · 56.9%
Subordinated
$715.60M · 56.9%
Equity
$32.96M · 2.6%
Other
$75.81M · 6.0%
Cash & Equivalents
$32.59M · 2.6%
Other Assets
$11.58M · 0.9%
Debt (Borrowings)
$311.41M · 24.8%
Debt (Borrowings)
$311.41M · 24.8%
Other Liabilities
$458.26M · 36.4%
Other Liabilities
$458.26M · 36.4%
Net Assets (Equity)
$488.11M · 38.8%
Net Assets (Equity)
$488.11M · 38.8%
Industry Composition
Financial Services Current Coupon 12.29%
11.2%
Short-Term U.S. Government Securities Current Coupon 4.24%
10.0%
Financial Services
9.4%
Distribution
8.2%
Healthcare, Education and Childcare Current Coupon 11.67% Basis Point Spread Above Index 3M SOFR+700
4.4%
Distribution Current Coupon 10.35% Basis Point Spread Above Index 3M SOFR+605
4.0%
Healthcare, Education and Childcare
2.9%
Unclassified
2.7%
Distribution Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575
2.0%
Auto Sector Current Coupon 1609.00% Basis Point Spread Above Index 3M SOFR+1176
2.0%
Business Services Current Coupon 10.67% Basis Point Spread Above Index 3M SOFR+635
1.9%
Financial Services Current Coupon PIK 12.50%
1.8%
Other industries
39.5%
Spread Distribution
1.0%
4.0%
4.5%
5.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
442 of 610
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Subordinated Debt - 33.5% of Net Assets Issuer Name PennantPark Senior Loan Fund, LLC Maturity 07/31/2027 | Financial Services Current Coupon 12.29% | Subordinate Debt/Corporate Notes | $140.29M | $140.29M | $0.00 | 12.29% | +8.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Short-Term US Government Securities - 25.5% Issuer Name U.S. Treasury Bill Maturity 04/29/2025 | Short-Term U.S. Government Securities Current Coupon 4.24% | Subordinate Debt/Corporate Notes | $124.59M | $124.61M | -$21.0K | 4.24% | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Common Equity - 34.7% Issuer Name JF Intermediate, LLC | Distribution | Subordinate Debt/Corporate Notes | $79.82M | $4.49M | $75.33M | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Common Equity - 34.7% Issuer Name PennantPark Senior Loan Fund, LLC | Financial Services | — | $77.37M | — | — | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% First Lien Secured Debt - 24.3% Issuer Name AKW Holdings Limited Maturity 03/15/2027 | Healthcare, Education and Childcare Current Coupon 11.67% Basis Point Spread Above Index 3M SOFR+700 | Subordinate Debt/Corporate Notes | $54.80M | $58.08M | -$3.27M | 11.67% | +7.00% | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% First Lien Secured Debt - 24.3% Issuer Name JF Holdings Corp. Maturity 07/31/2026 | Distribution Current Coupon 10.35% Basis Point Spread Above Index 3M SOFR+605 | Subordinate Debt/Corporate Notes | $49.38M | $49.01M | $368.0K | 10.35% | +6.05% | — |
Non-Money Market Cash | — | Common Equity | $33.88M | $33.88M | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name Express Wash Acquisition Company, LLC Maturity 01/15/2029 | Auto Sector Current Coupon 1609.00% Basis Point Spread Above Index 3M SOFR+1176 | Subordinate Debt/Corporate Notes | $24.67M | $23.77M | $905.0K | 16.09% | +1.17% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Exigo Intermediate II, LLC Maturity 03/15/2027 | Business Services Current Coupon 10.67% Basis Point Spread Above Index 3M SOFR+635 | First Lien Secured Debt | $24.00M | $23.83M | $175.0K | 10.67% | +6.35% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Cartessa Aesthetics, LLC - Maturity 06/14/2028 | Distribution Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt | $23.62M | $23.32M | $293.0K | 10.05% | +5.75% | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Subordinated Debt - 33.5% of Net Assets Issuer Name Flock Financial, LLC Maturity 10/19/2027 | Financial Services Current Coupon PIK 12.50% | Subordinate Debt/Corporate Notes | $23.03M | $23.03M | $0.00 | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Preferred Equity - 5.7% Issuer Name Flock Financial Class B Preferred Equity | Financial Services | Subordinate Debt/Corporate Notes | $20.14M | $19.32M | $826.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Route 66 Development Maturity 01/24/2031 | Gaming Current Coupon 13.32% Basis Point Spread Above Index 3M SOFR+900 | First Lien Secured Debt | $17.64M | $17.65M | -$7.0K | 13.32% | +9.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Shiftkey, LLC Maturity 06/21/2027 | Business Services Current Coupon 10.34% Basis Point Spread Above Index 3M SOFR+601 | First Lien Secured Debt | $16.56M | $17.41M | -$849.0K | 10.34% | +6.01% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Halo Buyer, Inc. Maturity 08/07/2029 | Consumer Products Current Coupon 10.32% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt | $16.55M | $16.84M | -$283.0K | 10.32% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name United Land Services Intermediate Parent Holdings, LLC Maturity 12/23/2026 | Environmental Services Current Coupon 14.75% (PIK 14.75%) | Subordinate Debt/Corporate Notes | $16.52M | $16.56M | -$37.0K | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% First Lien Secured Debt - 24.3% Issuer Name Pragmatic Institute, LLC Maturity 03/28/2030 | Business Services Current Coupon 9.80% Basis Point Spread Above Index 3M SOFR+605 | Subordinate Debt/Corporate Notes | $14.35M | $14.35M | $0.00 | 9.80% | +5.50% | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Common Equity - 34.7% Issuer Name AKW Holdings Limited | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $11.95M | $132.0K | $11.81M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Aechelon Technology, Inc. Maturity 08/16/2029 | Aerospace and Defense Current Coupon 11.82% Basis Point Spread Above Index 3M SOFR+750 | First Lien Secured Debt | $11.88M | $11.77M | $115.0K | 11.82% | +7.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PAR Excellence Holdings, Inc. Maturity 09/03/2030 | Healthcare, Education and Childcare Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $11.88M | $11.88M | -$1.0K | 9.32% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PlayPower, Inc. Maturity 08/28/2030 | Manufacturing/Basic Industry Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $11.82M | $11.86M | -$40.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sath Industries, LLC Maturity 12/17/2029 | Event Services Current Coupon 10.06% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt | $11.33M | $11.34M | -$6.0K | 10.06% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sigma Defense Systems, LLC Maturity 12/20/2027 | Telecommunications Current Coupon 11.20% Basis Point Spread Above Index 3M SOFR+690 | First Lien Secured Debt | $10.67M | $10.47M | $191.0K | 11.20% | +6.90% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ro Health, LLC Maturity 01/17/2031 | Healthcare Providers & Services Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $9.90M | $9.93M | -$29.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% First Lien Secured Debt - 78.4% Issuer Name Infinity Home Services Holdco, Inc. Maturity 12/28/2028 | Personal, Food and Miscellaneous Services Current Coupon 9.80% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt | $9.02M | $8.92M | $100.0K | 9.80% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. Maturity 01/23/2029 | Media Current Coupon 10.80% Basis Point Spread Above Index 3M SOFR+650 | First Lien Secured Debt | $8.91M | $8.78M | $126.0K | 10.80% | +6.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name ITI Holdings, Inc. Maturity 03/03/2028 | Business Services Current Coupon 9.94% Basis Point Spread Above Index 3M SOFR+565 | First Lien Secured Debt | $8.70M | $8.62M | $88.0K | 9.94% | +5.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ledge Lounger, Inc. Maturity 11/09/2026 | Consumer Products Current Coupon 11.95% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+765 | First Lien Secured Debt | $8.48M | $8.93M | -$452.0K | 11.95% | +7.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Second Lien Secured Debt - 3.7% of Net Assets Issuer Name Burgess Point Purchaser Corporation Maturity 07/28/2030 | Auto Sector Current Coupon 13.39% Basis Point Spread Above Index 3M SOFR+910 | Second Lien Secured Debt | $8.00M | $7.72M | $280.0K | 13.39% | +9.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Impact Advisors, LLC Maturity 03/19/2032 | Business Services Current Coupon 9.06% Basis Point Spread Above Index 3M SOFR+475 | First Lien Secured Debt | $7.96M | $7.96M | $0.00 | 9.06% | +4.75% | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% Preferred Equity/Partnership Interests - 1.9% Issuer Name Cascade Environmental Holdings, LLC | Environmental Services | Subordinate Debt/Corporate Notes | $7.85M | $32.79M | -$24.94M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Hills Distribution, Inc. Maturity 11/08/2029 | Distribution Current Coupon 10.32% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt | $7.77M | $7.77M | -$8.0K | 10.32% | +6.00% | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Preferred Equity - 5.7% Issuer Name Flock Financial Class A Preferred Equity | Financial Services | Subordinate Debt/Corporate Notes | $7.63M | $7.31M | $314.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name Northwinds Topco, Inc. Maturity 10/30/2029 | Consumer Services Current Coupon PIK 15.00% | Subordinate Debt/Corporate Notes | $7.60M | $7.58M | $17.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name PennantPark-TSO Senior Loan Fund II, LP | Financial Services | Subordinate Debt/Corporate Notes | $7.26M | $8.12M | -$860.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Cartessa Aesthetics, LLC | Distribution | Subordinate Debt/Corporate Notes | $7.16M | $3.56M | $3.60M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Municipal Emergency Services, Inc. | Distribution | Subordinate Debt/Corporate Notes | $7.13M | $3.98M | $3.15M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Second Lien Secured Debt - 3.7% of Net Assets Issuer Name ENC Parent Corporation - Second Lien Maturity 08/19/2029 | Business Services Current Coupon 12.09% Basis Point Spread Above Index 3M SOFR+776 | Second Lien Secured Debt | $6.49M | $7.45M | -$963.0K | 12.09% | +7.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name System Planning and Analysis, Inc. Maturity 08/16/2027 | Aerospace and Defense Current Coupon 9.28% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $6.42M | $6.35M | $72.0K | 9.28% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name OSP Embedded Purchaser, LLC Maturity 12/17/2029 | Aerospace and Defense Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt | $6.32M | $6.32M | $0.00 | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Athletico Holdings, LLC | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $6.19M | $10.00M | -$3.81M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Boss Industries, LLC Maturity 12/27/2030 | Conglomerate Manufacturing Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $5.89M | $5.94M | -$49.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Project Granite Buyer, Inc. Maturity 12/31/2030 | Business Services Current Coupon 10.08% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt | $5.89M | $5.93M | -$34.0K | 10.08% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name GGG MIDCO, LLC Maturity 09/27/2030 | Home and Office Furnishings, Housewares and Durable Consumer Products Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $5.57M | $5.57M | -$1.0K | 9.32% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Azureon, LLC Maturity 06/26/2029 | Diversified Conglomerate Service Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt | $5.22M | $5.29M | -$63.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name NP Riverhead Industrial, LLC Maturity 05/24/2025 | Buildings and Real Estate Current Coupon 14.50% | First Lien Secured Debt | $5.00M | $5.00M | $1.0K | 14.50% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name STG Distribution, LLC (fka Reception Purchaser) - Second Out Term Loans Maturity 03/10/2029 | Transportation Current Coupon 11.92% (PIK 6.50%) Basis Point Spread Above Index 3M SOFR+760 | First Lien Secured Debt | $4.84M | $5.37M | -$526.0K | 11.92% | +7.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Schlesinger Global, Inc. Maturity 07/14/2025 | Business Services Current Coupon 12.92% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+860 | First Lien Secured Debt | $4.76M | $5.01M | -$244.0K | 12.92% | +8.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Loving Tan Intermediate II, Inc. Maturity 05/31/2028 | Consumer Products Current Coupon 10.33% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt | $4.75M | $4.69M | $60.0K | 10.33% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Beta Plus Technologies, Inc. Maturity 07/02/2029 | Business Services Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt | $4.74M | $4.81M | -$72.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Atlas Purchaser, Inc. - Third Out Maturity 05/06/2028 | Telecommunications Current Coupon 11.44% Basis Point Spread Above Index 3M SOFR+711 | First Lien Secured Debt | $4.73M | $7.63M | -$2.91M | 11.44% | +7.11% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seaway Buyer, LLC Maturity 06/13/2029 | Chemicals, Plastics and Rubber Current Coupon 10.45% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt | $4.41M | $4.63M | -$220.0K | 10.45% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Lorient Peregrine Investments, LP | Business Services | Subordinate Debt/Corporate Notes | $4.36M | $4.53M | -$174.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name SSC Dominion Holdings, LLC | Electronics | Subordinate Debt/Corporate Notes | $4.34M | $36.0K | $4.30M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name STG Distribution, LLC (fka Reception Purchaser) - First Out New Money Term Loans Maturity 03/10/2029 | Transportation Current Coupon 12.66% (PIK 7.25%) Basis Point Spread Above Index 3M SOFR+835 | First Lien Secured Debt | $4.13M | $3.95M | $174.0K | 12.66% | +8.35% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name WCP Ivyrehab QP CF Feeder, LP | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $4.01M | $3.79M | $215.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Berwick Industrial Park Maturity 05/02/2025 | Buildings and Real Estate Current Coupon 13.00% | First Lien Secured Debt | $4.00M | $4.01M | -$12.0K | 13.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Safe Haven Defense US LLC Maturity 05/23/2029 | Building Materials Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $3.94M | $3.89M | $52.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Quad (U.S.) Co-Invest, L.P. | Business Services | Subordinate Debt/Corporate Notes | $3.88M | $2.96M | $917.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ORL Acquisition, Inc. Maturity 09/03/2027 | Business Services Current Coupon 13.73% (PIK 7.50%) Basis Point Spread Above Index 3M SOFR+940 | First Lien Secured Debt | $3.86M | $4.32M | -$462.0K | 13.73% | +9.40% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name AMCSI Crash Co-Invest, LP | Auto Sector | Subordinate Debt/Corporate Notes | $3.75M | $2.49M | $1.26M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name GMP Hills, LP | Distribution | Subordinate Debt/Corporate Notes | $3.71M | $3.75M | -$37.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Cowboy Parent LLC | Distribution | Subordinate Debt/Corporate Notes | $3.63M | $3.02M | $612.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Aechelon InvestCo, LP | Aerospace and Defense | Subordinate Debt/Corporate Notes | $3.58M | $1.07M | $2.51M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Mineola 212, LLC Maturity 06/24/2025 | Buildings and Real Estate Current Coupon 13.00% | First Lien Secured Debt | $3.50M | $3.50M | $1.0K | 13.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name Beacon Behavioral Holdings LLC Maturity 06/21/2030 | Healthcare, Education and Childcare Current Coupon PIK 15.00% | Subordinate Debt/Corporate Notes | $3.45M | $3.44M | $8.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name A1 Garage Equity, LLC | Personal, Food and Miscellaneous Services | Subordinate Debt/Corporate Notes | $3.44M | $2.19M | $1.25M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Second Lien Secured Debt - 3.7% of Net Assets Issuer Name Team Services Group, LLC Maturity 12/18/2028 | Healthcare, Education and Childcare Current Coupon 13.55% Basis Point Spread Above Index 3M SOFR+926 | Second Lien Secured Debt | $3.38M | $3.42M | -$48.0K | 13.55% | +9.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name ITC Infusion Co-invest, LP | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $3.30M | $1.67M | $1.62M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name MDI Aggregator, LP | Chemicals, Plastics and Rubber | Subordinate Debt/Corporate Notes | $3.28M | $3.22M | $59.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name FedHC InvestCo II LP | Aerospace and Defense | Subordinate Debt/Corporate Notes | $3.00M | $2.30M | $702.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Kinetic Purchaser, LLC Maturity 11/10/2027 | Consumer Products Current Coupon 10.45% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt | $2.95M | $3.03M | -$82.0K | 10.45% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Lash OpCo, LLC Maturity 02/18/2027 | Consumer Products Current Coupon 12.14% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+785 | First Lien Secured Debt | $2.92M | $2.96M | -$36.0K | 12.14% | +7.85% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ENC Parent Corporation Maturity -08/20/2029 | Business Services Current Coupon 8.84 % Basis Point Spread Above Index 3M SOFR+451 | First Lien Secured Debt | $2.85M | $3.03M | -$178.0K | 8.84% | +4.51% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sigma Defense Systems, LLC - Funded Revolver Maturity 12/20/2027 | Telecommunications Current Coupon 11.20% Basis Point Spread Above Index 3M SOFR+690 | First Lien Secured Debt | $2.83M | $2.83M | $0.00 | 11.20% | +6.90% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Infogroup Parent Holdings, Inc. | Other Media | Subordinate Debt/Corporate Notes | $2.81M | $2.04M | $769.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Lash OpCo, LLC - Funded Revolver Maturity 08/16/2026 | Consumer Products Current Coupon 12.14% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+785 | First Lien Secured Debt | $2.70M | $2.75M | -$55.0K | 12.14% | +7.85% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name RTIC Subsidiary Holdings, LLC - Funded Revolver Maturity 03/05/2029 | Consumer Products Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt | $2.65M | $2.71M | -$61.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Gauge Lash Coinvest LLC | Consumer Products | Subordinate Debt/Corporate Notes | $2.63M | $834.0K | $1.80M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Carnegie Dartlet, LLC - Funded Revolver -Maturity 02/07/2030 | Education Current Coupon 9.82% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt | $2.60M | $2.62M | -$26.0K | 9.82% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% First Lien Secured Debt - 78.4% Issuer Name C5MI Acquisition, LLC - Revolver Maturity -07/31/2029 | Business Services Current Coupon 10.30 % Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt | $2.48M | $2.44M | $33.0K | 10.30% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name eCommission Holding Corporation | Financial Services | Subordinate Debt/Corporate Notes | $2.36M | $905.0K | $1.46M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Aftermarket Drivetrain Products Holdings, LLC | Machinery | Subordinate Debt/Corporate Notes | $2.32M | $1.65M | $671.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Kinetic Purchaser, LLC - Funded Revolver Maturity 11/10/2026 | Consumer Products Current Coupon 10.45% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt | $2.31M | $2.43M | -$115.0K | 10.45% | +6.15% | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% of Net Assets Walker Edison Furniture Company LLC First Lien Secured Debt - 0.4% Issuer Name Walker Edison Furniture Company LLC - Junior Revolver Maturity 03/01/2029 | Home and Office Furnishings | Subordinate Debt/Corporate Notes | $2.30M | $3.33M | -$1.03M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Tinicum Space Coast Co-Invest, LLC | Aerospace and Defense | Subordinate Debt/Corporate Notes | $2.30M | $2.18M | $120.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PCS MIDCO INC Maturity 03/01/2030 | Financial Services Current Coupon 10.05% Basis Point Spread Above Index 1M SOFR+575 | First Lien Secured Debt | $2.18M | $2.15M | $30.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Blackhawk Industrial Distribution, Inc. - Funded Revolver Maturity 09/17/2026 | Distribution Current Coupon 9.70% Basis Point Spread Above Index 3M SOFR+540 | First Lien Secured Debt | $2.03M | $2.06M | -$36.0K | 9.70% | +5.40% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name FedHC InvestCo LP | Aerospace and Defense | Subordinate Debt/Corporate Notes | $2.02M | $545.0K | $1.48M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Lightspeed Buyer, Inc. Maturity 02/03/2027 | Healthcare, Education and Childcare Current Coupon 9.58% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt | $2.02M | $2.02M | $0.00 | 9.58% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Adweek Purchaser, LLC Maturity 05/30/2027 | Printing and Publishing Current Coupon 11.30% Basis Point Spread Above Index 3M SOFR+700 | First Lien Secured Debt | $2.00M | $1.97M | $30.0K | 11.30% | +7.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Zips Car Wash, LLC Maturity 03/31/2028 | Auto Sector | First Lien Secured Debt | $1.96M | $2.45M | -$492.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Northwinds Services Group, LLC | Consumer Services | Subordinate Debt/Corporate Notes | $1.93M | $1.68M | $253.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Meadowlark Acquirer, LLC Maturity 12/10/2027 | Business Services Current Coupon 9.98% Basis Point Spread Above Index 3M SOFR+565 | First Lien Secured Debt | $1.88M | $1.90M | -$16.0K | 9.98% | +5.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Urology Partners Co., L.P. | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $1.87M | $1.11M | $756.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seaway Buyer, LLC - Funded Revolver Maturity 06/13/2028 | Chemicals, Plastics and Rubber Current Coupon 10.44% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt | $1.87M | $1.98M | -$114.0K | 10.44% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name IHS Parent Holdings, L.P. | Personal, Food and Miscellaneous Services | Subordinate Debt/Corporate Notes | $1.85M | $1.22M | $633.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Infinity Home Services Holdco, Inc. (CAD) Maturity 12/28/2028 | Personal, Food and Miscellaneous Services Current Coupon 9.80% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt | $1.82M | $1.90M | -$71.0K | 9.80% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Applied Technical Services LLC - Funded Revolver Maturity 12/29/2026 | Environmental Services Current Coupon 13.25% Basis Point Spread Above Index 3M SOFR+475 | First Lien Secured Debt | $1.80M | $1.80M | $0.00 | 13.25% | +4.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Kentucky Racing Holdco, LLC (Warrants) | Hotels, Motels, Inns and Gaming | Subordinate Debt/Corporate Notes | $1.76M | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Exigo, LLC | Business Services | Subordinate Debt/Corporate Notes | $1.72M | $1.46M | $257.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name New Medina Health, LLC | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $1.67M | $1.43M | $245.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Harris & Co. LLC Maturity 08/09/2030 | Financial Services | First Lien Secured Debt | $1.59M | $1.58M | $14.0K | 9.32% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/2025 | Leisure, Amusement, Motion Pictures, Entertainment | First Lien Secured Debt | $1.58M | $2.09M | -$511.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ledge Lounger, Inc. - Funded Revolver Maturity 11/09/2026 | Consumer Products Current Coupon 11.95% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+765 | First Lien Secured Debt | $1.52M | $1.62M | -$93.0K | 11.95% | +7.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Delta InvestCo LP | Telecommunications | Subordinate Debt/Corporate Notes | $1.52M | $866.0K | $651.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name C5MI Acquisition, LLC - Funded Revolver Maturity - 07/31/2029 | Business Services Current Coupon 10.33 % Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt | $1.51M | $1.51M | $0.00 | 10.33% | +6.00% | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% Preferred Equity/Partnership Interests - 1.9% Issuer Name Cascade Environmental Holdings, LLC - Series B | Environmental Services | Subordinate Debt/Corporate Notes | $1.49M | $918.0K | $568.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Marketplace Events Acquisition, LLC | Media | Subordinate Debt/Corporate Notes | $1.47M | $1.46M | $7.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name BioDerm Holdings, LP | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $1.43M | $1.31M | $113.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name MDI Buyer, Inc. - Funded Revolver Maturity 07/25/2028 | Chemicals, Plastics and Rubber Current Coupon 11.50% Basis Point Spread Above Index 3M SOFR+400 | First Lien Secured Debt | $1.39M | $1.41M | -$21.0K | 11.50% | +4.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name OceanSound Discovery Equity, LP (Holdco Sands Intermediate, LLC) | Aerospace and Defense | Subordinate Debt/Corporate Notes | $1.38M | $1.20M | $176.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Carnegie Holdco, LLC | Education | Subordinate Debt/Corporate Notes | $1.36M | $1.63M | -$272.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name EDS Topco, LP | Aerospace and Defense | Subordinate Debt/Corporate Notes | $1.35M | $938.0K | $416.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name RFMG Parent, LP | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $1.32M | $1.05M | $268.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name PAR Excellence Holdings, Inc. | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $1.28M | $1.09M | $194.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Cartessa Aesthetics, LLC-Revolver- Maturity 06/14/2028 | Distribution Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt | $1.26M | $1.26M | $0.00 | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name LJ Avalon, LP | Environmental Services | Subordinate Debt/Corporate Notes | $1.26M | $851.0K | $409.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Blackhawk Industrial Distribution, Inc. Maturity 09/17/2026 | Distribution Current Coupon 9.72% Basis Point Spread Above Index 3M SOFR+540 | First Lien Secured Debt | $1.25M | $1.27M | -$16.0K | 9.72% | +5.40% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rancho Health MSO, Inc. - Funded Revolver Maturity 06/20/2029 | Healthcare, Education and Childcare Current Coupon 9.60% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt | $1.25M | $1.25M | $0.00 | 9.60% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Watchtower Holdings, LLC | Electronics | Subordinate Debt/Corporate Notes | $1.23M | $1.24M | -$15.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Harris & Co. LLC - Funded Revolver Maturity 08/09/2030 | Financial Services Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $1.23M | $1.23M | $0.00 | 9.32% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name GGG MIDCO, LLC | Home and Office Furnishings, Housewares and Durable Consumer Products | Subordinate Debt/Corporate Notes | $1.22M | $1.22M | -$4.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name OES Co-Invest, LP - Class A | Diversified Conglomerate Service | Subordinate Debt/Corporate Notes | $1.19M | $847.0K | $346.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Magnolia Topco LP - Class A | Auto Sector | Subordinate Debt/Corporate Notes | $1.11M | $1.54M | -$435.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Icon Partners V C, L.P. | Business Services | Subordinate Debt/Corporate Notes | $1.11M | $1.13M | -$24.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name GCP Boss Holdco, LLC | Conglomerate Manufacturing | Subordinate Debt/Corporate Notes | $1.10M | $1.04M | $52.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name BioDerm, Inc. - Funded Revolver Maturity 01/31/2028 | Healthcare, Education and Childcare Current Coupon 10.81% Basis Point Spread Above Index 3M SOFR+650 | First Lien Secured Debt | $1.06M | $1.07M | -$10.0K | 10.81% | +6.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) | Media | Subordinate Debt/Corporate Notes | $1.06M | $1.14M | -$79.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Sabel InvestCo, LP | Government Services | Subordinate Debt/Corporate Notes | $1.05M | $830.0K | $217.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ro Health, LLC - Funded Revolver Maturity 01/17/2031 | Healthcare Providers & Services Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $1.04M | $1.05M | -$10.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name HV Watterson Holdings, LLC - Funded Revolver Maturity 12/17/2026 | Business Services Current Coupon 12.00% (PIK 4.00%) | First Lien Secured Debt | $1.03M | $1.24M | -$205.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Spendmend Holdings LLC Maturity 01/03/2028 | Business Services Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+515 | First Lien Secured Debt | $1.03M | $1.03M | $6.0K | 9.45% | +5.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Lightspeed Investment Holdco LLC | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $1.03M | $273.0K | $755.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name StoicLane, Inc. - Convertible Notes Maturity 08/16/2027 | Healthcare, Education and Childcare Current Coupon 12.00% | Subordinate Debt/Corporate Notes | $1.02M | $917.0K | $101.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name ITI Holdings, Inc. - Funded Revolver Maturity 03/03/2028 | Business Services Current Coupon 12.00% Basis Point Spread Above Index 3M SOFR+450 | First Lien Secured Debt | $1.00M | $1.00M | $0.00 | 12.00% | +4.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Zips Car Wash, LLC - DIP Maturity 10/08/2025 | Auto Sector Current Coupon 11.70% Basis Point Spread Above Index 3M SOFR+740 | First Lien Secured Debt | $993.0K | $1.00M | -$8.0K | 11.70% | +7.40% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Inovex Information Systems Incorporated - Funded Revolver Maturity 12/17/2030 | Business Services Current Coupon 9.57% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt | $990.0K | $998.0K | -$8.0K | 9.57% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Tower Arch Infolinks Media, LP | Media | Subordinate Debt/Corporate Notes | $974.0K | $252.0K | $722.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Imagine Topco, LP Preferred | Business Services Current Coupon 8.00% | Subordinate Debt/Corporate Notes | $941.0K | $744.0K | $197.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name OSP Embedded Aggregator, LP | Aerospace and Defense | Subordinate Debt/Corporate Notes | $932.0K | $871.0K | $61.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name RTIC Parent Holdings, LLC - Class C | Consumer Products | Subordinate Debt/Corporate Notes | $913.0K | $699.0K | $214.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name RRA Corporate, LLC - Funded Revolver Maturity 08/15/2029 | Business Services Current Coupon 9.55% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt | $890.0K | $913.0K | -$23.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Radius Aerospace, Inc. - Funded Revolver Maturity 03/29/2027 | Aerospace and Defense Current Coupon 10.46% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt | $869.0K | $891.0K | -$22.0K | 10.46% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name ACP Big Top Holdings, L.P. | Manufacturing/Basic Industry | Subordinate Debt/Corporate Notes | $868.0K | $744.0K | $124.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Marketplace Events Acquisition, LLC Maturity 12/19/2030 | Media Current Coupon 9.55% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt | $862.0K | $862.0K | $0.00 | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name TCG 3.0 Jogger Co-Invest, LP | Media | Subordinate Debt/Corporate Notes | $840.0K | $1.25M | -$412.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seacoast Service Partners, LLC Maturity 12/20/2029 | Diversified Conglomerate Service Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $834.0K | $844.0K | -$10.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Solutionreach, Inc. - Funded Revolver Maturity 07/17/2025 | Communications Current Coupon 11.45% Basis Point Spread Above Index 3M SOFR+715 | First Lien Secured Debt | $830.0K | $833.0K | -$3.0K | 11.45% | +7.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Pacific Purchaser, LLC Maturity 10/02/2028 | Business Services Current Coupon 10.56% Basis Point Spread Above Index 3M SOFR+625 | First Lien Secured Debt | $825.0K | $810.0K | $15.0K | 10.56% | +6.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Burgess Point Holdings, LP | Auto Sector | Subordinate Debt/Corporate Notes | $799.0K | $777.0K | $22.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name AH Newco Equityholdings, LLC | Healthcare, Education and Childcare Current Coupon 6.00% | Subordinate Debt/Corporate Notes | $795.0K | $500.0K | $295.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Ironclad Holdco, LLC (Applied Technical Services, LLC) | Environmental Services | Subordinate Debt/Corporate Notes | $776.0K | $525.0K | $251.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Beacon Behavioral Support Service, LLC -- Funded Revolver Maturity 12/22/2025 | Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt | $774.0K | $782.0K | -$8.0K | 9.80% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name AFC Acquisitions, Inc. | Distribution | Subordinate Debt/Corporate Notes | $765.0K | $780.0K | -$15.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Case Works, LLC - Funded Revolver Maturity 10/01/2029 | Business Services Current Coupon9.55 % Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt | $750.0K | $755.0K | -$5.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Hancock Roofing and Construction L.L.C. Maturity 12/31/2026 | Insurance Current Coupon 9.92% Basis Point Spread Above Index 3M SOFR+560 | First Lien Secured Debt | $746.0K | $750.0K | -$4.0K | 9.92% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name NORA Parent Holdings, LLC | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $738.0K | $1.25M | -$510.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) - Funded Revolver Maturity 06/30/2026 | Media Current Coupon 10.20% Basis Point Spread Above Index 3M SOFR+590 | First Lien Secured Debt | $691.0K | $691.0K | $0.00 | 10.20% | +5.90% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name NFS - CFP Holdings LLC | Business Services | Subordinate Debt/Corporate Notes | $678.0K | $663.0K | $15.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Gauge Loving Tan, LP | Consumer Products | Subordinate Debt/Corporate Notes | $651.0K | $544.0K | $107.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name KL Stockton Co-Invest LP (Any Hour Services) | Personal, Food and Miscellaneous Services | Subordinate Debt/Corporate Notes | $650.0K | $385.0K | $265.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name C5MI Holdco, LLC | Business Services | Subordinate Debt/Corporate Notes | $646.0K | $754.0K | -$108.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Seaway Topco, LP | Chemicals, Plastics and Rubber | Subordinate Debt/Corporate Notes | $623.0K | $2.98M | -$2.36M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Consello Pacific Aggregator, LLC | Business Services | Subordinate Debt/Corporate Notes | $615.0K | $743.0K | -$128.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name GCOM InvestCo LP | Business Services | Subordinate Debt/Corporate Notes | $593.0K | $1.00M | -$410.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name NXOF Holdings, Inc. (Tyto Athene, LLC) | Aerospace and Defense | Subordinate Debt/Corporate Notes | $587.0K | $422.0K | $165.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name SV Aero Holdings, LLC | Aerospace and Defense | Subordinate Debt/Corporate Notes | $572.0K | $216.0K | $356.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Recteq, LLC - Funded Revolver Maturity 01/29/2026 | Consumer Products Current Coupon 11.24% Basis Point Spread Above Index 3M SOFR+700 | First Lien Secured Debt | $561.0K | $563.0K | -$2.0K | 11.24% | +7.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ETE Intermediate II, LLC Maturity -05/25/2029 | Personal, Food and Miscellaneous Services Current Coupon 10.81 % Basis Point Spread Above Index 3M SOFR+650 | — | $555.0K | $551.0K | $4.0K | 10.81% | +6.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name HPA SPQ Aggregator LP | Business Services | Subordinate Debt/Corporate Notes | $548.0K | $750.0K | -$202.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Events Buyer, LLC | Event Services | Subordinate Debt/Corporate Notes | $536.0K | $536.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Infinity Home Services Holdco, Inc. - Funded Revolver Maturity 12/28/2028 | Personal, Food and Miscellaneous Services Current Coupon 12.00% Basis Point Spread Above Index 3M SOFR+450 | First Lien Secured Debt | $484.0K | $484.0K | $0.00 | 12.00% | +4.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Megawatt Acquisitionco, Inc. - Funded Revolver Maturity 03/01/2030 | Electronics Current Coupon 9.82% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt | $472.0K | $529.0K | -$57.0K | 9.82% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name United Land Services Holdings LLC | Environmental Services | Subordinate Debt/Corporate Notes | $471.0K | $600.0K | -$129.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Loving Tan Intermediate II, Inc. - Funded Revolver Maturity 05/31/2028 | Consumer Products Current Coupon 10.30% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt | $465.0K | $465.0K | $0.00 | 10.30% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name OHCP V BC COI, L.P. | Distribution | Subordinate Debt/Corporate Notes | $455.0K | $700.0K | -$245.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name SBI Holdings Investments LLC | Business Services | Subordinate Debt/Corporate Notes | $444.0K | $366.0K | $78.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Meadowlark Acquirer, LLC - Funded Revolver Maturity 12/10/2027 | Business Services Current Coupon 9.95% Basis Point Spread Above Index 3M SOFR+565 | First Lien Secured Debt | $443.0K | $449.0K | -$6.0K | 9.95% | +5.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name PCS Parent, LP | Financial Services | Subordinate Debt/Corporate Notes | $442.0K | $421.0K | $21.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name System Planning and Analysis, Inc. - Funded Revolver Maturity 08/16/2027 | Aerospace and Defense Current Coupon 9.26% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $437.0K | $437.0K | $0.00 | 9.26% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name EvAL Home Health Solutions, LLC | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $433.0K | $453.0K | -$20.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name TAC LifePort Holdings, LLC | Aerospace and Defense | Subordinate Debt/Corporate Notes | $430.0K | $239.0K | $191.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name NORA Acquisition, LLC - Funded Revolver Maturity 08/31/2029 | Healthcare, Education and Childcare Current Coupon 10.65% Basis Point Spread Above Index 3M SOFR+635 | First Lien Secured Debt | $406.0K | $406.0K | $0.00 | 10.65% | +6.35% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Five Star Parent Holdings, LLC | Leisure, Amusement, Motion Pictures, Entertainment | Subordinate Debt/Corporate Notes | $392.0K | $656.0K | -$264.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ETE Intermediate II, LLC - Funded RevolverMaturity -05/25/2029 | Personal, Food and Miscellaneous Services Current Coupon 10.82 % Basis Point Spread Above Index 3M SOFR+650 | First Lien Secured Debt | $386.0K | $386.0K | $0.00 | 10.82% | +6.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name CJX Borrower, LLC Funded Revolver Maturity -7/13/2027 | Media Current Coupon 10.07 % Basis Point Spread Above Index 3M SOFR+576 | First Lien Secured Debt | $372.0K | $372.0K | $0.00 | 10.07% | +5.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Project Granite Holdings, LLC | Business Services | Subordinate Debt/Corporate Notes | $370.0K | $369.0K | $1.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name North Haven Saints Equity Holdings, LP | Business Services | Subordinate Debt/Corporate Notes | $369.0K | $352.0K | $17.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Accounting Platform Blocker, Inc. | Financial Services | Subordinate Debt/Corporate Notes | $356.0K | $356.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Azureon, LLC | Diversified Conglomerate Service | Subordinate Debt/Corporate Notes | $351.0K | $508.0K | -$157.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Hancock Claims Consultants Investors, LLC | Insurance | Subordinate Debt/Corporate Notes | $333.0K | $450.0K | -$117.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Gauge ETE Blocker, LLC | Personal, Food and Miscellaneous Services | Subordinate Debt/Corporate Notes | $332.0K | $374.0K | -$42.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Compex Legal Services, Inc. - Unfounded Revolver Maturity -02/07/2026 | Business Services Current Coupon 9.81 % Basis Point Spread Above Index 3M SOFR+555 | First Lien Secured Debt | $328.0K | $328.0K | $0.00 | 9.81% | +5.55% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name TPC Holding Company, LP | Food | Subordinate Debt/Corporate Notes | $311.0K | $219.0K | $92.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Kinetic Purchaser, LLC | Consumer Products | Subordinate Debt/Corporate Notes | $310.0K | $1.31M | -$999.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PCS MIDCO INC - Funded Revolver Maturity 03/01/2030 | Financial Services Current Coupon 10.05% Basis Point Spread Above Index 1M SOFR+575 | First Lien Secured Debt | $310.0K | $308.0K | $2.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Atlas Purchaser, Inc. - Fourth Out Maturity 05/06/2028 | Telecommunications Current Coupon 11.44% Basis Point Spread Above Index 3M SOFR+711 | First Lien Secured Debt | $305.0K | $742.0K | -$437.0K | 11.44% | +7.11% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Duggal Acquisition, LLC | Marketing Services | Subordinate Debt/Corporate Notes | $300.0K | $314.0K | -$14.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Ad.net Holdings, Inc. | Media | Subordinate Debt/Corporate Notes | $300.0K | $240.0K | $60.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ad.net Acquisition, LLC - Funded Revolver Maturity 05/06/2026 | Media Current Coupon 10.55% Basis Point Spread Above Index 33M SOFR+626 | First Lien Secured Debt | $292.0K | $292.0K | $0.00 | 10.55% | +6.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Ro Health Holdings, Inc. | Healthcare Providers & Services | Subordinate Debt/Corporate Notes | $290.0K | $290.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name CJX Borrower, LLC Maturity 7/13/2027 | Media Current Coupon 10.05 % Basis Point Spread Above Index 3M SOFR+576 | First Lien Secured Debt | $286.0K | $278.0K | $8.0K | 10.05% | +5.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Megawatt Acquisition Partners, LLC - Class A | Electronics | Subordinate Debt/Corporate Notes | $275.0K | $535.0K | -$260.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Seacoast Service Partners, LLC | Diversified Conglomerate Service | Subordinate Debt/Corporate Notes | $273.0K | $280.0K | -$7.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Gauge ETE Blocker, LLC - Promissory Note Maturity 05/21/2029 | Personal, Food and Miscellaneous Services Current Coupon 12.56% | First Lien Secured Debt | $268.0K | $268.0K | $0.00 | 12.56% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Safe Haven Defense MidCo, LLC | Building Materials | Subordinate Debt/Corporate Notes | $267.0K | $227.0K | $40.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ACP Avenu Buyer, LLC - Funded Revolver Maturity 10/02/2029 | Business Services Current Coupon 9.56% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt | $264.0K | $271.0K | -$7.0K | 9.56% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Boss Industries, LLC - Funded Revolver Maturity 12/27/2030 | Conglomerate Manufacturing Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $257.0K | $261.0K | -$4.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name OSP Embedded Aggregator, LP - Convertible Note Maturity 08/05/2030 | Aerospace and Defense Current Coupon 12.00% | Subordinate Debt/Corporate Notes | $254.0K | $237.0K | $17.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Graffiti Buyer, Inc. - Funded Revolver Maturity 08/10/2027 | Distribution Current Coupon 9.92% Basis Point Spread Above Index 3M SOFR+560 | First Lien Secured Debt | $252.0K | $256.0K | -$4.0K | 9.92% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Azureon, LLC - Funded Revolver Maturity 06/26/2026 | Diversified Conglomerate Service | First Lien Secured Debt | $249.0K | $255.0K | -$6.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sales Benchmark Index LLC - Funded Revolver Maturity 07/07/2026 | Business Services Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+520 | First Lien Secured Debt | $244.0K | $244.0K | $0.00 | 9.50% | +5.20% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Graffiti Buyer, Inc. Maturity 08/10/2027 | Distribution Current Coupon 9.92% Basis Point Spread Above Index 3M SOFR+560 | First Lien Secured Debt | $242.0K | $245.0K | -$3.0K | 9.90% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name HV Watterson Holdings, LLC Maturity 12/17/2026 | Business Services Current Coupon 12.00% (PIK 4.00%) | First Lien Secured Debt | $238.0K | $284.0K | -$46.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seacoast Service Partners, LLC - Funded Revolver Maturity 12/20/2029 | Diversified Conglomerate Service Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $226.0K | $230.0K | -$4.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name WCP Ivyrehab Coinvestment, LP | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $222.0K | $208.0K | $14.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Crane 1 Acquisition Parent Holdings, L.P. | Personal, Food and Miscellaneous Services | Subordinate Debt/Corporate Notes | $211.0K | $104.0K | $107.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Carisk Parent, L.P. | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | $198.0K | $204.0K | -$6.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rural Sourcing Holdings, Inc. - Funded Revolver Maturity 06/15/2029 | Business Services Current Coupon 10.08% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt | $197.0K | $201.0K | -$4.0K | 10.08% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Five Star Buyer, Inc. Maturity 02/23/2028 | Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 11.67% Basis Point Spread Above Index 3M SOFR+710 | First Lien Secured Debt | $195.0K | $196.0K | -$1.0K | 11.67% | +7.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name AG Investco LP | Business Services | Subordinate Debt/Corporate Notes | $189.0K | $805.0K | -$616.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name The Vertex Companies, LLC Maturity 08/31/2028 | Business Services Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+510 | First Lien Secured Debt | $181.0K | $180.0K | $1.0K | 9.42% | +5.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name QuantiTech InvestCo LP | Aerospace and Defense | Subordinate Debt/Corporate Notes | $172.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Municipal Emergency Services, Inc. Maturity 10/01/2027 | Distribution Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+515 | First Lien Secured Debt | $172.0K | $171.0K | $1.0K | 9.45% | +5.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. - Funded Revolver Maturity 01/23/2029 | Media Current Coupon 13.00% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt | $172.0K | $172.0K | $0.00 | 13.00% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Hancock Claims Consultants Investors, LLC - Class A | Insurance | Subordinate Debt/Corporate Notes | $167.0K | $76.0K | $91.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Altamira Intermediate Company II, Inc. | Aerospace and Defense | Subordinate Debt/Corporate Notes | $143.0K | $125.0K | $18.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name RTIC Parent Holdings, LLC - Class D | Consumer Products | Subordinate Debt/Corporate Notes | $138.0K | $113.0K | $25.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Halo Buyer, Inc. - Funded Revolver Maturity 08/07/2029 | Consumer Products Current Coupon 10.32% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt | $127.0K | $135.0K | -$8.0K | 10.32% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Harris & Co. LLC - Unfunded Term Loan B Maturity 02/09/2026 | Financial Services | First Lien Secured Debt | $126.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name NEPRT Parent Holdings, LLC (Recteq, LLC) | Consumer Products | Subordinate Debt/Corporate Notes | $113.0K | $1.25M | -$1.14M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name UniVista Insurance | Business Services | Subordinate Debt/Corporate Notes | $113.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name C5MI Holdco, LLC | Business Services | Subordinate Debt/Corporate Notes | $113.0K | $104.0K | $9.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name StellPen Holdings, LLC | Media | Subordinate Debt/Corporate Notes | $112.0K | $154.0K | -$42.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name IG Investment Holdings LLC Maturity 09/22/2028 | Business Services Current Coupon 9.29% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $103.0K | $104.0K | -$1.0K | 9.29% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Municipal Emergency Services, Inc. - Funded Revolver Maturity 10/01/2027 | Distribution Current Coupon 11.50% Basis Point Spread Above Index 3M SOFR+400 | First Lien Secured Debt | $94.0K | $94.0K | $0.00 | 11.50% | +4.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name CF512, Inc. - Funded Revolver Maturity 08/20/2026 | Media Current Coupon 10.34% Basis Point Spread Above Index 3M SOFR+602 | First Lien Secured Debt | $81.0K | $82.0K | -$1.0K | 10.34% | +6.02% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Dynata, LLC - Last-Out Term Loan Maturity-10/16/2028 | Business Services Current Coupon 10.08% Basis Point Spread Above Index 3M SOFR+576 | First Lien Secured Debt | $77.0K | $84.0K | -$7.0K | 10.08% | +5.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name LAV Gear Holdings, Inc. - Incremental Term Loan Maturity 10/31/2025 | Leisure, Amusement, Motion Pictures, Entertainment Current Coupon PIK 10.00% | First Lien Secured Debt | $72.0K | $53.0K | $19.0K | 10.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Connatix Parent, LLC | Media | Subordinate Debt/Corporate Notes | $70.0K | $632.0K | -$562.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Archer Lewis, LLC - Unfunded Term Loan B Maturity 08/28/2026 | Healthcare, Education and Childcare | First Lien Secured Debt | $68.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name AFC Dell Holding Corp. Maturity 04/09/2027 | Distribution Current Coupon 9.82% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt | $67.0K | $67.0K | $0.00 | 9.82% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name MOREGroup Holdings, Inc. - Unfunded Term Loan Maturity 01/16/2026 | Business Services | First Lien Secured Debt | $61.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Loving Tan Intermediate II, Inc. - Unfunded Term Loan Maturity 07/14/2025 | Consumer Products | First Lien Secured Debt | $44.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Riverpoint Medical, LLC - Funded Revolver Maturity 06/21/2027 | Healthcare, Education and Childcare Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt | $42.0K | $42.0K | $0.00 | 9.32% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name TWD Parent Holdings, LLC | Business Services | Subordinate Debt/Corporate Notes | $42.0K | $29.0K | $13.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Pacific Purchaser, LLC - Unfunded Term Loan Maturity 10/02/2028 | Business Services | First Lien Secured Debt | $37.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name CJX Borrower, LLC Unfunded Term Loan Maturity -7/13/2027 | Media | First Lien Secured Debt | $34.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PCS MIDCO INC - Unfunded Term Loan Maturity 03/02/2026 | Financial Services | First Lien Secured Debt | $34.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name StoicLane, Inc. - Unfunded Convertible Notes Maturity 08/16/2027 | Healthcare, Education and Childcare Current Coupon | Subordinate Debt/Corporate Notes | $34.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Schlesinger Global, Inc. - Funded Revolver Maturity 07/14/2025 | Business Services Current Coupon 12.92% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+860 | First Lien Secured Debt | $31.0K | $33.0K | -$2.0K | 12.92% | +8.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Imagine Acquisitionco, LLC - Funded Revolver Maturity 11/16/2027 | Business Services Current Coupon 9.40% Basis Point Spread Above Index 3M SOFR+510 | First Lien Secured Debt | $29.0K | $29.0K | $0.00 | 9.40% | +5.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ACP Avenu Buyer, LLC Maturity 10/02/2029 | Business Services Current Coupon 9.56% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt | $27.0K | $28.0K | -$1.0K | 9.56% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name New Insight Holdings, Inc. | Business Services | Subordinate Debt/Corporate Notes | $26.0K | $20.0K | $6.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Applied Technical Services, LLC - Unfunded Term Loan Maturity 07/17/2025 | Environmental Services | First Lien Secured Debt | $26.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name BLC Holding Company, Inc. - Unfunded Term Loan Maturity 11/20/2026 | Business Services | First Lien Secured Debt | $24.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name SV-Aero Holdings, LLC - Unfunded Term Loan Maturity 02/11/2026 | Aerospace and Defense | First Lien Secured Debt | $18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rancho Health MSO, Inc. - Unfunded Term Loan Maturity 06/30/2026 | Healthcare, Education and Childcare | First Lien Secured Debt | $16.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name BlueHalo Financing Holdings, LLC Maturity 10/31/2025 | Aerospace and Defense Current Coupon 10.30% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt | $14.0K | $14.0K | $0.00 | 10.30% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Medina Health, LLC - Unfunded Revolver Maturity 10/20/2028 | Healthcare, Education and Childcare | First Lien Secured Debt | $14.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name TransGo, LLC - Unfunded Revolver Maturity 12/29/2028 | Machinery | First Lien Secured Debt | $14.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name QuantiTech InvestCo II LP | Aerospace and Defense | Subordinate Debt/Corporate Notes | $12.0K | $14.0K | -$2.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name LJ Avalon Holdings, LLC - Unfunded Term Loan Maturity 10/01/2025 | Environmental Services | First Lien Secured Debt | $12.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Duggal Acquisition, LLC - Unfunded Term Loan Maturity-09/30/2026 | Marketing Services | First Lien Secured Debt | $10.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name ORL Holdco, Inc. | Business Services | Subordinate Debt/Corporate Notes | $9.0K | $57.0K | -$48.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Spendmend Holdings LLC - Unfunded Term Loan 2 Maturity 11/25/2026 | Business Services | First Lien Secured Debt | $8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name System Planning and Analysis, Inc. - Unfunded Term Loan Maturity 08/16/2027 | Aerospace and Defense | First Lien Secured Debt | $8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Connatix Parent, LLC | Media | Subordinate Debt/Corporate Notes | $8.0K | $8.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Omnia Exterior Solutions, LLC - Unfunded Term Loan 2 Maturity 09/30/2026 | Diversified Conglomerate Service | First Lien Secured Debt | $7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PCS MIDCO INC - Unfunded Revolver Maturity 03/01/2030 | Financial Services | First Lien Secured Debt | $7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name SP L2 Holdings LLC | Consumer Products | Subordinate Debt/Corporate Notes | $7.0K | $81.0K | -$74.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Adweek Purchaser, LLC - Unfunded Term Loan Maturity 11/30/2025 | Printing and Publishing | First Lien Secured Debt | $6.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Pacific Purchaser, LLC - Unfunded Revolver Maturity 10/02/2028 | Business Services | First Lien Secured Debt | $5.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name ORL Holdco, Inc. - Convertible Notes Maturity 08/03/2028 | Business Services Current Coupon 18.00% | Subordinate Debt/Corporate Notes | $5.0K | $6.0K | -$1.0K | 18.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Gauge Schlesinger Coinvest, LLC | Business Services | Subordinate Debt/Corporate Notes | $3.0K | $10.0K | -$7.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name TWD Parent Holdings, LLC | Business Services | Subordinate Debt/Corporate Notes | $3.0K | $1.0K | $2.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Applied Technical Services, LLC Maturity 12/29/2026 | Environmental Services Current Coupon 10.20% Basis Point Spread Above Index 3M SOFR+590 | First Lien Secured Debt | $3.0K | $3.0K | $0.00 | 10.20% | +5.90% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Municipal Emergency Services, Inc. - Unfunded Term Loan 3rd Amendment Maturity 09/28/2027 | Distribution | First Lien Secured Debt | $3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name The Vertex Companies, LLC - Unfunded Term Loan Maturity 04/11/2026 | Business Services | First Lien Secured Debt | $3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Urology Management Holdings, Inc. - Unfunded Term Loan A Maturity 03/09/2026 | Healthcare, Education and Childcare | First Lien Secured Debt | $3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name Schlesinger Global, LLC - Promissory Note Maturity 08/01/2026 | Business Services Current Coupon 12.33% Basis Point Spread Above Index 3M SOFR+700 | Subordinate Debt/Corporate Notes | $3.0K | $1.0K | $2.0K | 12.33% | +7.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Case Works, LLC - Unfunded Term Loan Maturity 10/01/2025 | Business Services | First Lien Secured Debt | $2.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name DRS Holdings III, Inc. Maturity - 11/03/2025 | Consumer Products Current Coupon 10.67% Basis Point Spread Above Index 3M SOFR+635 | First Lien Secured Debt | $2.0K | $2.0K | $0.00 | 10.67% | +6.35% | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Common Equity - 34.7% Issuer Name Pennant Park Senior Loan Fund, LLC | Financial Services | — | $0.00 | $82.36M | -$82.36M | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% Common Equity/Partnership Interests/Warrants - 0.0% Issuer Name Cascade Environmental Holdings, LLC | Environmental Services | Subordinate Debt/Corporate Notes | $0.00 | $2.85M | -$2.85M | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% Common Equity/Partnership Interests/Warrants - 0.0% Issuer Name Walker Edison Furniture | Home and Office Furnishings | Subordinate Debt/Corporate Notes | $0.00 | $6.79M | -$6.79M | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% of Net Assets Walker Edison Furniture Company LLC First Lien Secured Debt - 0.4% Issuer Name Walker Edison Furniture Company LLC Maturity 03/01/2029 | Home and Office Furnishings | Subordinate Debt/Corporate Notes | $0.00 | $11.39M | -$11.39M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Ad.net Holdings, Inc. | Media | Subordinate Debt/Corporate Notes | $0.00 | $27.0K | -$27.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Atlas Investment Aggregator, LLC | Telecommunications | Subordinate Debt/Corporate Notes | $0.00 | $1.61M | -$1.61M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name HV Watterson Holdings, LLC | Business Services | Subordinate Debt/Corporate Notes | $0.00 | $1.60M | -$1.60M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Meadowlark Title, LLC | Business Services | Subordinate Debt/Corporate Notes | $0.00 | $802.0K | -$802.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Megawatt Acquisition Partners, LLC - Class A | Electronics | Subordinate Debt/Corporate Notes | $0.00 | $59.0K | -$59.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name NXOF Holdings, Inc. | Aerospace and Defense | Subordinate Debt/Corporate Notes | $0.00 | $108.0K | -$108.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name ORL Holdco, Inc. | Business Services | Subordinate Debt/Corporate Notes | $0.00 | $6.0K | -$6.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Pink Lily Holdco, LLC | Retail | Subordinate Debt/Corporate Notes | $0.00 | $1.04M | -$1.04M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name SP L2 Holdings, LLC | Consumer Products | Subordinate Debt/Corporate Notes | $0.00 | $882.0K | -$882.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name TPC Holding Company, LP | Food | Subordinate Debt/Corporate Notes | $0.00 | $12.0K | -$12.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Gauge Schlesinger Coinvest, LLC - Class A-2 | Business Services | Subordinate Debt/Corporate Notes | $0.00 | $1.0K | -$1.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Magnolia Topco LP - Class B | Auto Sector | Subordinate Debt/Corporate Notes | $0.00 | $643.0K | -$643.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name PL Acquisitionco, LLC | Retail | Subordinate Debt/Corporate Notes | $0.00 | $73.0K | -$73.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name RTIC Parent Holdings, LLC - Class A | Consumer Products | Subordinate Debt/Corporate Notes | $0.00 | $5.0K | -$5.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name ORL Holdco, Inc. - Unfunded Convertible Notes Maturity 08/03/2028 | Business Services Current Coupon | Subordinate Debt/Corporate Notes | -$1.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name HV Watterson Holdings, LLC - Unfunded Revolver Maturity 12/17/2026 | Business Services | First Lien Secured Debt | -$2.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Beacon Behavioral Support Service, LLC - Unfunded Revolver Maturity 06/21/2029 | Healthcare, Education and Childcare | First Lien Secured Debt | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Crane 1 Services, Inc. - Unfunded Revolver Maturity - 08/16/2027 | Personal, Food and Miscellaneous Service | — | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Five Star Buyer, Inc. - Unfunded Revolver Maturity 02/23/2028 | Leisure, Amusement, Motion Pictures, Entertainment | First Lien Secured Debt | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Project Granite Buyer, Inc. - Unfunded Term Loan Maturity 12/31/2026 | Business Services | First Lien Secured Debt | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Recteq, LLC - Unfunded Revolver Maturity 01/29/2026 | Consumer Products | First Lien Secured Debt | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Carisk Buyer, Inc. - Unfunded Term Loan 2 - Maturity 12/03/2029 | Healthcare, Education and Childcare | First Lien Secured Debt | -$4.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name DRS Holdings III, Inc. - Unfunded Revolver Maturity - 11/03/2025 | Consumer Products | First Lien Secured Debt | -$4.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Imagine Acquisitionco, LLC - Unfunded Revolver Maturity 11/16/2027 | Business Services | — | -$4.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Lash OpCo, LLC - Unfunded Revolver Maturity 08/16/2026 | Consumer Products | First Lien Secured Debt | -$6.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name United Land Services Intermediate Parent Holdings, LLC - Unfunded Term Loan Maturity 07/12/2025 | Environmental Services | Subordinate Debt/Corporate Notes | -$6.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% First Lien Secured Debt - 78.4% Issuer Name GGG MIDCO, LLC - Unfunded Revolver Maturity 09/27/2030 | Home and Office Furnishings, Housewares and Durable Consumer Products | First Lien Secured Debt | -$6.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Carnegie Dartlet, LLC - Unfunded Revolver -Maturity 02/07/2030 | Education | First Lien Secured Debt | -$7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Case Works, LLC - Revolver Maturity 10/01/2029 | Business Services | First Lien Secured Debt | -$7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name IG Investments Holdings, LLC - Unfunded Revolver Maturity 09/22/2028 | Business Services | First Lien Secured Debt | -$7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Icon Partners V C, L.P. - Unfunded | Business Services | Subordinate Debt/Corporate Notes | -$8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Arcfield Acquisition Corp. - Unfunded Revolver Maturity 10/28/2031 | Aerospace and Defense | First Lien Secured Debt | -$8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Graffiti Buyer, Inc. - Unfunded Term Loan Maturity 08/10/2027 | Distribution | First Lien Secured Debt | -$8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Graffiti Buyer, Inc. - Unfunded Revolver Maturity 08/10/2027 | Distribution | First Lien Secured Debt | -$9.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Argano, LLC. - Unfunded Revolver Maturity 09/13/2029 | Business Services | First Lien Secured Debt | -$10.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Argano, LLC. - Unfunded Term Loan Maturity 03/13/2026 | Business Services | First Lien Secured Debt | -$10.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Inovex Information Systems Incorporated - Unfunded Revolver Maturity 12/17/2030 | Business Services | First Lien Secured Debt | -$10.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name MDI Buyer, Inc. - Unfunded Revolver Maturity 07/25/2028 | Chemicals, Plastics and Rubber | First Lien Secured Debt | -$12.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer NameCF512, Inc. - Unfunded Revolver Maturity 08/20/2026 | Media | First Lien Secured Debt | -$12.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Duggal Acquisition, LLC - Unfunded Revolver Maturity-9/30/2030 | Marketing Services Current Coupon | First Lien Secured Debt | -$13.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rural Sourcing Holdings, Inc. - Unfunded Revolver Maturity 06/15/2029 | Business Services | First Lien Secured Debt | -$13.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sath Industries, LLC - Unfunded Revolver Maturity 12/17/2029 | Event Services | First Lien Secured Debt | -$13.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Project Granite Buyer, Inc. - Unfunded Revolver Maturity 12/31/2030 | Business Services | First Lien Secured Debt | -$14.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Inovex Information Systems Incorporated - Unfunded Term Loan Maturity 12/17/2026 | Business Services | First Lien Secured Debt | -$14.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name BLC Holding Company, Inc. - Unfunded Revolver Maturity 11/20/2030 | Business Services | First Lien Secured Debt | -$15.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Boss Industries, LLC - Unfunded Revolver Maturity 12/27/2030 | Conglomerate Manufacturing | First Lien Secured Debt | -$16.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Omnia Exterior Solutions, LLC - Unfunded Revolver Maturity 12/31/2029 | Diversified Conglomerate Service | First Lien Secured Debt | -$16.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ORL Acquisition, Inc. - Unfunded Revolver Maturity 09/03/2027 | Business Services | First Lien Secured Debt | -$17.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rural Sourcing Holdings, Inc. - Unfunded Term Loan Maturity 06/26/2026 | Business Services | First Lien Secured Debt | -$17.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name OHCP V BC COI, L.P. - Unfunded | Distribution | Subordinate Debt/Corporate Notes | -$18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Blackhawk Industrial Distribution, Inc. - Unfunded Term Loan Maturity 09/17/2026 | Distribution | First Lien Secured Debt | -$18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name VRS Buyer, Inc. - Unfunded Revolver Maturity 11/22/2030 | Business Services | First Lien Secured Debt | -$18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Carisk Buyer, Inc. - Unfunded Revolver-Maturity 12/03/2029 | Healthcare, Education and Childcare | First Lien Secured Debt | -$18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Commercial Fire Protection Holdings, LLC - Unfunded Revolver Maturity 09/23/2030 | Business Services | First Lien Secured Debt | -$19.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Meadowlark Acquirer, LLC- Unfunded Revolver Maturity 12/10/2027 | Business Services | First Lien Secured Debt | -$19.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name AFC Dell Holding Corp. - Unfunded Term Loan Maturity 04/09/2027 | Distribution | First Lien Secured Debt | -$22.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Azureon, LLC - Unfunded Revolver Maturity 06/26/2029 | Diversified Conglomerate Service | First Lien Secured Debt | -$22.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Marketplace Events Acquisition, LLC - Unfunded Revolver Maturity 12/19/2030 | Media | First Lien Secured Debt | -$22.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name OSP Embedded Purchaser, LLC - Unfunded Revolver Maturity 12/17/2029 | Aerospace and Defense | First Lien Secured Debt | -$22.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Best Practice Associates, LLC - Unfunded Revolver Maturity 11/08/2029 | Aerospace and Defense | First Lien Secured Debt | -$24.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seacoast Service Partners, LLC - Unfunded Revolver Maturity 12/20/2029 | Diversified Conglomerate Service | First Lien Secured Debt | -$24.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ACP Avenu Buyer, LLC - Unfunded Term Loan Maturity 04/21/2027 | Business Services | First Lien Secured Debt | -$25.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Watchtower Intermediate, LLC. - Unfunded Revolver Maturity 03/12/2029 | Electronics | First Lien Secured Debt | -$25.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ACP Avenu Buyer, LLC - Unfunded Revolver Maturity 10/02/2029 | Business Services | First Lien Secured Debt | -$26.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PlayPower, Inc. - Unfunded Revolver Maturity 08/28/2030 | Manufacturing/Basic Industry | First Lien Secured Debt | -$26.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PAR Excellence Holdings, Inc. - Unfunded Revolver Maturity 09/03/2030 | Healthcare, Education and Childcare | First Lien Secured Debt | -$27.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name The Vertex Companies, LLC - Unfunded Revolver Maturity 08/31/2028 | Business Services | First Lien Secured Debt | -$28.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ro Health, LLC - Unfunded Revolver Maturity 01/17/2031 | Healthcare Providers & Services | First Lien Secured Debt | -$31.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Radius Aerospace, Inc. - Unfunded Revolver Maturity 03/29/2027 | Aerospace and Defense | First Lien Secured Debt | -$33.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name SP L2 Holdings LLC - Unfunded | Consumer Products | Subordinate Debt/Corporate Notes | -$42.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% First Lien Secured Debt -78.4% Issuer Name Infinity Home Services Holdco, Inc. - 3rd Amendment Unfunded Term Loan Maturity 10/30/2026 | Personal, Food and Miscellaneous Services | First Lien Secured Debt | -$45.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Blackhawk Industrial Distribution, Inc. - Unfunded Revolver Maturity 09/17/2026 | Distribution | First Lien Secured Debt | -$49.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name RRA Corporate, LLC - Unfunded Revolver Maturity 08/15/2029 | Business Services | First Lien Secured Debt | -$56.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seacoast Service Partners, LLC - Unfunded Term Loan Maturity 12/21/2026 | Diversified Conglomerate Service | First Lien Secured Debt | -$56.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name RTIC Subsidiary Holdings, LLC - Unfunded Revolver Maturity 03/05/2029 | Consumer Products | First Lien Secured Debt | -$61.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Azureon, LLC - Unfunded Term Loan Maturity 06/26/2029 | Diversified Conglomerate Service | First Lien Secured Debt | -$63.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seaway Buyer, LLC - Unfunded Revolver Maturity 06/13/2028 | Chemicals, Plastics and Rubber | First Lien Secured Debt | -$66.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name Northwinds Topco, Inc. - Unfunded Term Loan Maturity 10/30/2029 | Consumer Services Current Coupon | Subordinate Debt/Corporate Notes | -$70.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Kinetic Purchaser, LLC - Unfunded Revolver Maturity 11/10/2026 | Consumer Products | First Lien Secured Debt | -$115.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Megawatt Acquisitionco, Inc. - Unfunded Revolver Maturity 03/01/2030 | Electronics | First Lien Secured Debt | -$144.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Halo Buyer, Inc. - Unfunded Revolver Maturity 08/07/2029 | Consumer Products | First Lien Secured Debt | -$147.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name AG Investco LP - Unfunded | Business Services | Subordinate Debt/Corporate Notes | -$149.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name RRA Corporate, LLC - Unfunded Term Loan 2 Maturity 08/17/2026 | Business Services | First Lien Secured Debt | -$153.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PL Acquisitionco, LLC - Unfunded Revolver Maturity 11/09/2027 | Retail | First Lien Secured Debt | -$485.0K | — | — | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% of Net Assets Walker Edison Furniture Company LLC First Lien Secured Debt - 0.4% Issuer Name Walker Edison Furniture Company LLC - Unfunded Term Loan Maturity 03/01/2029 | Home and Office Furnishings | Subordinate Debt/Corporate Notes | -$583.0K | — | — | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Common Equity - 34.7% Issuer Name Pragmatic Institute, LLC | Business Services | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name AMCSI Crash Co-Invest, LP - Unfunded | Auto Sector | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Aechelon InvestCo, LP - Unfunded | Aerospace and Defense | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) | Media | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name BioDerm, Inc. | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Delta InvestCo LP - Unfunded | Telecommunications | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name FedHC InvestCo LP - Unfunded | Aerospace and Defense | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Imagine Topco, LP | Business Services | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Magnolia Topco LP - Class A | Auto Sector | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Magnolia Topco LP - Class B | Auto Sector | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name QuantiTech InvestCo LP - Unfunded | Aerospace and Defense | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Sabel InvestCo, LP - Unfunded | Government Services | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Tower Arch Infolinks Media, LP - Unfunded | Media | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name WCP Ivyrehab QP CF Feeder, LP - Unfunded | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name A1 Garage Merger Sub, LLC - Unfunded Revolver Maturity 12/22/2028 | Personal, Food and Miscellaneous Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ACP Avenu Buyer, LLC - Unfunded Revolver Maturity 08/01/2029 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ad.net Acquisition, LLC - Unfunded Revolver Maturity 05/06/2026 | Media | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Aechelon Technology, Inc. - Unfunded Revolver Maturity 08/16/2029 | Aerospace and Defense | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) - Unfunded Revolver Maturity 06/30/2026 | Media | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Archer Lewis, LLC - Unfunded Revolver Maturity 08/28/2029 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Beacon Behavioral Support Service, LLC - Funded Revolver Maturity 06/21/2029 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Big Top Holdings, LLC - Unfunded Revolver Maturity 02/28/2030 | Manufacturing/Basic Industry | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name C5MI Acquisition, LLC - Unfunded Revolver Maturity - 07/31/29 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name CJX Borrower, LLC- Revolver Maturity -7/13/2027 | Media | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Carnegie Dartlet, LLC - Unfunded Term Loan -Maturity 02/09/2026 | Education | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Cartessa Aesthetics, LLC-Unfunded Revolver- Maturity 06/14/2028 | Distribution | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Commercial Fire Protection Holdings, LLC - Unfunded Term Loan Maturity 09/23/2026 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Compex Legal Services, Inc. - Unfunded Revolver Maturity -02/07/2026 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Dr. Squatch, LLC - Unfunded Revolver Maturity - 08/31/2027 | Media | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Emergency Care Partners, LLC - Unfunded Revolver Maturity Unfunded Term Loan-10/18/2026 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Emergency Care Partners, LLC - Unfunded Term Loan Maturity-10/19/2026 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Exigo Intermediate II, LLC - Unfunded Revolver Maturity 03/15/2027 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name HW Holdco, LLC - Unfunded Revolver Maturity 05/11/2026 | Media | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Harris & Co. LLC - Unfunded Revolver Maturity 08/09/2030 | Financial Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Hills Distribution, Inc. - Unfunded Term Loan Maturity 11/07/2025 | Distribution | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Impact Advisors, LLC - Unfunded Revolver Maturity 03/19/2032 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Impact Advisors, LLC - Unfunded Term Loan Maturity 03/21/2027 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Infinity Home Services Holdco, Inc. - Unfunded Revolver Maturity 12/28/2028 | Personal, Food and Miscellaneous Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name LJ Avalon Holdings, LLC - Unfunded Revolver Maturity 01/31/2030 | Environmental Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Lightspeed Buyer Inc. - Unfunded Revolver Maturity 02/03/2027 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Lightspeed Buyer, Inc. - Unfunded Term Loan Maturity 06/02/2025 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Loving Tan Intermediate II, Inc. - Unfunded Revolver Maturity 05/31/2028 | Consumer Products | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name MBS Holdings, Inc. - Unfunded Revolver Maturity 04/16/2027 | Telecommunications | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name MOREGroup Holdings, Inc. - Unfunded Revolver Maturity 01/16/2030 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Marketplace Events Acquisition, LLC - Unfunded Term Loan Maturity 06/19/2026 | Media | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Municipal Emergency Services, Inc. - Unfunded Revolver Maturity 10/01/2027 | Distribution | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name NBH Group LLC - Unfunded Revolver Maturity 08/19/2026 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name NORA Acquisition, LLC - Unfunded Revolver Maturity 08/31/2029 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rancho Health MSO, Inc. - Unfunded Revolver Maturity 06/20/2029 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Riverpoint Medical, LLC - Unfunded Revolver Maturity 06/21/2027 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sabel Systems Technology Solutions, LLC - Unfunded Revolver Maturity 10/31/2030 | Government Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Safe Haven Defense US LLC - Unfunded Revolver Maturity 05/23/2029 | Building Materials | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sales Benchmark Index LLC - Unfunded Revolver Maturity 07/07/2026 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sath Industries, LLC - Unfunded Term Loan B Maturity 12/17/2026 | Event Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Schlesinger Global, Inc. - Unfunded Revolver Maturity 07/14/2025 | Business Services 0.00% | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sigma Defense Systems, LLC - Unfunded Revolver Maturity 12/20/2027 | Telecommunications | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Spendmend Holdings LLC - Unfunded Revolver Maturity 01/03/2028 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name System Planning and Analysis, Inc. - Unfunded Revolver Maturity 08/16/2027 | Aerospace and Defense | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. - Unfunded Revolver Maturity 01/23/2029 | Media | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name The Bluebird Group LLC - Unfunded Revolver Maturity 07/28/2026 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name US Fertility Enterprises, LLC - Unfunded Term Loan Maturity 07/10/2026 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name VRS Buyer, Inc. - Unfunded Term Loan Maturity 11/23/2026 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Carisk Buyer, Inc. - Unfunded Term Loan -Maturity 12/03/2029 | Healthcare, Education and Childcare | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name EDS Buyer, LLC - Unfunded Revolver Maturity-12/22/2028 | Aerospace and Defense Current | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name ETE Intermediate II, LLC - Revolver Maturity -05/25/2029 | Personal, Food and Miscellaneous Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name ITI Holdings, Inc. - Unfunded Revolver Maturity 03/03/2028 | Business Services | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Inventus Power, Inc. - Unfunded Revolver Maturity 06/30/2025 | Electronics | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% | — | First Lien Secured Debt | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% First Lien Secured Debt - 78.4% Issuer Name GGG MIDCO, LLC - Unfunded Term Loan Maturity 09/27/2026 | Home and Office Furnishings, Housewares and Durable Consumer Products | First Lien Secured Debt | — | — | — | — | — | — |
Disclosed holdings FV
$1.21B
Parsed holdings FV
$1.25B
Residual gap
-$33.88M
Balance-sheet cash
$32.59M
CIK
0001383414
Accession
0000950170-25-069165
Form type
10-Q
Period
2025-03-31