BDC·info
CELFX

Cliffwater Enhanced Lending Fund

Period
SEC EDGAR ↗
Portfolio Fair Value
$4.07B
302 holdings
Avg Spread
+7.44%
FV-weighted, debt
Avg Coupon
12.65%
FV-weighted
% First Lien
16.8%
of debt FV
Unrealized P/L
+$328.58M
+8.77% of cost
Non-Accrual
0
text-detected

Balance sheet

Assets$4.13B
Liabilities + Equity$4.13B
First Lien
$683.42M · 16.5%
LP Interest
$2.46B · 59.6%
Net Assets (Equity)
$3.97B · 96.2%

Industry Composition

LP Interest
60.4%
Financial Services
17.4%
CLO
7.5%
Software & Services
4.0%
Health Care Equipment & Services
3.6%
Capital Goods
2.8%
BDC
2.0%
Consumer Discretionary Distribution & Retail
0.9%
Consumer Staples Distribution & Retail
0.5%
Energy
0.4%
Materials
0.3%
Real Estate Management & Development
0.2%

Fair Value History

Q3 '23
Q1 '24
Q3 '24
Q1 '25
Q3 '25

Spread Distribution

1.5%
3.5%
4.0%
5.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
11.0%
12.0%
Schedule of Investments

All holdings

All holdings
Sortable, click headers to re-sort
302 of 303
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
State Street Institutional U.S. Government Money Market Fund
Financial Services
Money Market
$305.12M
$305.12M
$0.00
4.94%
Dawson Evergreen 1 LP
Financial Services
Investment Partnerships
$269.00M
$250.00M
$19.00M
Hercules Private Global Venture Growth Fund I, L.P.
Financial Services
Investment Partnerships
$151.20M
$144.72M
$6.48M
VPC Legal Finance Fund, L.P.
Financial Services
Investment Partnerships
$134.32M
$118.59M
$15.73M
BSOF Parallel Onshore Fund L.P. (Class SRT Enhanced Series 3)
Financial Services
Investment Partnerships
$106.87M
$92.50M
$14.37M
AG Asset Based Credit Fund L.P.
Financial Services
Investment Partnerships
$104.47M
$94.60M
$9.87M
Guggenheim MM-C CLO
Financial Services
CLO
$102.96M
$90.20M
$12.76M
14.72%
2035-07-25
King Street Opportunistic Credit Evergreen Fund, L.P.
Financial Services
Investment Partnerships
$97.62M
$88.70M
$8.93M
SC Life Science Credit Parallel Fund A, L.P.
Financial Services
Special Purpose Vehicle for Senior Secured Loans
$89.42M
$91.72M
-$2.30M
VPC Asset Backed Opportunistic Credit Fund (Levered), L.P.
Financial Services
Investment Partnerships
$78.24M
$77.56M
$679.7K
Callodine Perpetual ABL Fund, LP
Financial Services
Investment Partnerships
$77.26M
$81.14M
-$3.88M
BPC Real Estate Debt Fund, LP
Financial Services
Investment Partnerships
$74.50M
$68.12M
$6.38M
Raven Evergreen Credit Fund II, LP
Financial Services
Investment Partnerships
$65.25M
$53.24M
$12.01M
Contingency Capital Fund I-A, LP
Financial Services
Investment Partnerships
$60.44M
$48.39M
$12.05M
HPS KP Mezz 2019 Co-Invest, LP
Financial Services
CLO
$58.88M
$43.64M
$15.24M
Felicitas Tactical Opportunities Fund, LP
Financial Services
Investment Partnerships
$57.26M
$37.78M
$19.47M
WhiteHawk Evergreen Fund, LP
Financial Services
Investment Partnerships
$52.63M
$50.00M
$2.63M
Benefit Street Partners Real Estate Opportunistic Debt Fund L.P.
Financial Services
Investment Partnerships
$52.48M
$40.92M
$11.56M
D.E. Shaw Diopter International Fund, L.P.
Financial Services
Investment Partnerships
$50.99M
$46.89M
$4.10M
Hayfin Healthcare Opportunities Fund (US Parallel), LP
Financial Services
Investment Partnerships
$50.42M
$43.62M
$6.80M
Sky Fund V Offshore, LP
Financial Services
Investment Partnerships
$49.00M
$40.76M
$8.24M
Banner Ridge Secondary Fund V (Offshore), LP
Financial Services
Investment Partnerships
$48.14M
$35.31M
$12.83M
BP Holdings Maize LLC
Financial Services
Special Purpose Vehicle for Real Estate Loans
$40.51M
$39.71M
$795.3K
Ares Priority Loan Co-Invest LP
Financial Services
Investment Partnerships
$35.58M
$34.23M
$1.35M
Ares Commercial Finance, LP
Financial Services
Investment Partnerships
$35.48M
$28.54M
$6.94M
Pathlight Capital Fund II, LP
Financial Services
Investment Partnerships
$33.25M
$32.64M
$610.4K
Pathlight Capital Evergreen Fund, LP
Financial Services
Investment Partnerships
$32.38M
$34.10M
-$1.72M
Marilyn Co-Invest, L.P.
Financial Services
CLO
$31.90M
$23.86M
$8.04M
HPS Offshore Strategic Investment Partners V, LP
Financial Services
Investment Partnerships
$31.73M
$28.02M
$3.70M
Thorofare Asset Based Lending Fund V, L.P.
Financial Services
Investment Partnerships
$31.22M
$30.40M
$816.6K
Atalaya A4 (Cayman), LP
Financial Services
Investment Partnerships
$29.99M
$31.76M
-$1.77M
Silver Point Specialty Credit Fund II, L.P.
Financial Services
Investment Partnerships
$29.74M
$32.20M
-$2.46M
BSOF Parallel Onshore Fund L.P. (Class Gnochi Series 2 Interests)
Financial Services
Investment Partnerships
$29.58M
$30.68M
-$1.10M
NWEOF Feeder Fund II LP
Financial Services
Investment Partnerships
EUR 28.75M
EUR 24.06M
EUR 4.69M
HPS Offshore Mezzanine Partners 2019, LP
Financial Services
Investment Partnerships
$28.59M
$23.41M
$5.18M
EVP II LP
Financial Services
Investment Partnerships
$28.30M
$20.17M
$8.13M
Redwood Enhanced Income Corp.
Financial Services
BDC
$27.09M
$28.27M
-$1.19M
Linden Structured Capital Fund-A, LP
Financial Services
Investment Partnerships
$25.41M
$18.96M
$6.45M
NB Credit Opportunities II Cayman Feeder, LP
Financial Services
Investment Partnerships
$24.82M
$22.42M
$2.40M
Ares Special Opportunities Fund II (Offshore), LP
Financial Services
Investment Partnerships
$23.33M
$20.22M
$3.11M
Banner Ridge DSCO Fund I, LP
Financial Services
Investment Partnerships
$23.04M
$14.55M
$8.49M
HPS Specialty Loan Fund V-L, L.P.
Financial Services
Investment Partnerships
$23.00M
$21.95M
$1.05M
BSOF Parallel Onshore Fund L.P. (Class Chestnut II Series 2)
Financial Services
Investment Partnerships
$20.66M
$20.11M
$555.3K
Madison Realty Capital Debit Fund, IV LP
Financial Services
Investment Partnerships
$20.41M
$14.17M
$6.24M
Webster Equity Partners
Health Care Equipment & Services
Delayed Draw
$19.80M
$19.79M
$2.0K
+3.50%
2034-05-07
VCSF Co-Invest 1-A, L.P.
Financial Services
Special Purpose Vehicle for Preferred Equity
$19.75M
$16.46M
$3.29M
HPS KP SIP V Co-Investment Fund, LP
Financial Services
CLO
$19.10M
$14.20M
$4.89M
Archer 2023 Finance, LLC, Class B
Financial Services
BDC
$18.20M
$17.85M
$353.4K
+8.00%
2035-12-28
Comvest Special Opportunities Fund, L.P.
Financial Services
Investment Partnerships
$17.79M
$15.22M
$2.57M
Pennybacker Real Estate Credit II, LP
Financial Services
Investment Partnerships
$17.73M
$18.29M
-$564.6K
Zinnia Corporate Holdings, LLC
Software & Services
First Lien Term Loan
$17.29M
$17.30M
-$1.1K
12.75%+8.00%
2029-09-23
Ares Private Credit Solutions (Cayman), L.P.
Financial Services
Investment Partnerships
$17.29M
$12.89M
$4.40M
OrbiMed RCO IV Offshore Feeder, LP
Financial Services
Investment Partnerships
$16.79M
$17.45M
-$666.6K
Crestview III
Financial Services
First Lien Term Loan
$16.35M
$16.35M
$2.4K
11.00%+5.75%
2028-05-24
Raven Asset-Based Credit Fund II LP
Financial Services
Investment Partnerships
$16.30M
$14.18M
$2.12M
LP-PWP Credit Card ABS, LLC
Financial Services
First Lien Term Loan
$16.01M
$16.01M
$2.1K
12.40%+7.74%
2028-06-01
Gramercy PG Holdings II, LP
Financial Services
Special Purpose Vehicle for Senior Secured Loans
$16.00M
$15.75M
$245.7K
Harvest Partners Structured Capital Fund III, L.P.
Financial Services
Investment Partnerships
$15.43M
$13.48M
$1.95M
Starlight Inventory I, LLC
Capital Goods
First Lien Term Loan
$15.00M
$15.09M
-$87.0K
14.25%+10.00%
2024-09-24
Honor Technology, Inc.
Health Care Equipment & Services
First Lien Term Loan
$14.91M
$14.92M
-$11.2K
+5.50%
2029-05-24
Felicitas Secondary Fund II Offshore, LP
Financial Services
Investment Partnerships
$14.70M
$10.62M
$4.09M
Everberg Capital Partners II, L.P.
Financial Services
Investment Partnerships
$14.66M
$13.80M
$854.7K
GTCR Everest TopCo, Inc. — Equity (Series A Preferred Stock)
Financial Services
Preferred Stock
$14.63M
$14.63M
$0.00
Sky Fund VI Offshore, LP
Financial Services
Investment Partnerships
$14.53M
$11.92M
$2.61M
Golub Capital Partners CLO
Financial Services
CLO
$14.26M
$13.95M
$308.9K
11.10%+6.00%
2036-11-09
Minerva Co-Invest, L.P.
Financial Services
Special Purpose Vehicle for Preferred Equity
$13.57M
$11.41M
$2.16M
Banner Ridge DSCO Fund II (Offshore), LP
Financial Services
Investment Partnerships
$13.36M
$9.69M
$3.67M
Nephron Pharmaceuticals Corporation
Health Care Equipment & Services
First Lien Term Loan
$13.28M
$14.49M
-$1.21M
15.75%+11.00%
2026-09-11
Crestline Specialty Lending III (U.S.), L.P.
Financial Services
Investment Partnerships
$12.89M
$11.85M
$1.04M
West Side Holdco LLC
Capital Goods
First Lien Term Loan
$12.87M
$12.87M
-$2.7K
13.85%+9.00%
2027-08-02
Whitehawk Healthcare
Health Care Equipment & Services
First Lien Term Loan
$12.83M
$12.33M
$505.7K
16.18%+10.00%
2027-12-31
Wellbore Integrity Solutions LLC
Energy
First Lien Term Loan
$12.77M
$12.71M
$63.9K
12.33%+9.00%
2025-12-31
GOJO Industries Holdings, Inc.
Consumer Staples Distribution & Retail
First Lien Term Loan
$12.22M
$12.15M
$68.2K
14.78%+9.50%
2028-10-26
Keller Postman, LLC
Consumer Discretionary Distribution & Retail
First Lien Term Loan
$12.17M
$12.00M
$169.7K
+12.00%
2028-09-15
Gramercy PG Holdings, LP (Common Interests)
Financial Services
Special Purpose Vehicle for Senior Secured Loans
$12.06M
$9.88M
$2.18M
Mews Systems B.V.
Software & Services
First Lien Term Loan
$11.90M
$11.90M
$0.00
13.95%+9.00%
2029-09-16
Blue Owl Technology Finance Corp.
Financial Services
BDC
$11.76M
$10.33M
$1.43M
Tinicum L.P.
Financial Services
Investment Partnerships
$11.66M
$8.25M
$3.41M
Vista Capital Solutions Fund-A, L.P.
Financial Services
Investment Partnerships
$11.61M
$10.77M
$840.5K
Stellus Private Credit BDC Feeder LP
Financial Services
BDC
$11.58M
$11.29M
$288.2K
BP Holdings RHO LLC
Financial Services
Special Purpose Vehicle for Real Estate Loans
$11.22M
$9.17M
$2.05M
Burford Advantage Feeder Fund A, LP
Financial Services
Investment Partnerships
$11.20M
$9.65M
$1.56M
CL Oliver Co-Invest I, L.P.
Financial Services
Special Purpose Vehicle for Preferred Equity
$11.17M
$10.05M
$1.12M
ICG LP Secondaries Fund I (Feeder) SCSp
Financial Services
Investment Partnerships
$11.15M
$7.05M
$4.10M
BSOF Parallel Onshore Fund L.P. (Class Colonnade 2024 Series 3)
Financial Services
Investment Partnerships
$10.68M
$10.25M
$427.9K
Blue Owl Technology Finance Corp. II
Financial Services
BDC
$10.23M
$9.42M
$816.7K
AG Essential Housing Fund II Holdings (DE), L.P.
Financial Services
Investment Partnerships
$9.88M
$8.32M
$1.55M
Evergreen Services Group II
Software & Services
First Lien Term Loan
$9.77M
$9.78M
-$10.4K
2031-04-05
Crestline Nevermore Holdco, L.P.
Financial Services
Special Purpose Vehicle for Senior Secured Loans
$9.64M
$9.58M
$61.9K
SB DOF Speedway, LLC
Financial Services
Special Purpose Vehicle for Real Estate Loans
$9.50M
$8.01M
$1.48M
HPS Mint Co-Invest Fund, L.P.
Financial Services
Special Purpose Vehicle for Preferred Equity
$9.17M
$6.47M
$2.69M
Clearco SPV V US LP
Financial Services
First Lien Term Loan
$9.11M
$8.99M
$121.4K
16.20%+11.00%
2027-04-03
BP Holdings Zeta LP — Class A
Financial Services
Special Purpose Vehicle for Real Estate Loans
$9.06M
$8.61M
$453.2K
FB FLL Aviation LLC
Capital Goods
First Lien Term Loan
$9.00M
$8.86M
$140.1K
11.85%+7.00%
2028-07-19
Crestview III
Financial Services
Delayed Draw
$8.87M
$8.88M
-$2.8K
11.00%+5.75%
2028-05-24
Finastra USA, Inc.
Software & Services
First Lien Term Loan
$8.84M
$8.82M
$18.0K
12.18%+7.25%
2029-09-13
Carlyle Credit Opportunities Fund (Parallel) II, SCSp
Financial Services
Investment Partnerships
$8.70M
$8.93M
-$229.3K
Barings Middle Market CLO 2023-II Ltd.
Financial Services
CLO
$8.66M
$8.37M
$295.9K
13.95%+8.67%
2032-01-20
Atalaya Asset Income Fund Evergreen, LP
Financial Services
Investment Partnerships
$8.33M
$9.28M
-$949.0K
Crewline Buyer, Inc.
Software & Services
First Lien Term Loan
$8.32M
$8.14M
$172.3K
11.35%+6.75%
2030-11-08
ABPCI Direct Lending Fund CLO XV, Ltd.
Financial Services
CLO
$8.31M
$8.10M
$210.7K
11.66%+6.40%
2035-10-30
Banner Ridge Secondary Fund IV (Offshore), LP
Financial Services
Investment Partnerships
$8.09M
$4.95M
$3.14M
Symbiotic Capital Life Science Credit Fund, L.P.
Financial Services
Special Purpose Vehicle for Senior Secured Loans
$7.78M
$7.95M
-$169.7K
Ion Finance Holdings
Software & Services
First Lien Term Loan
EUR 7.69M
EUR 7.35M
EUR 340.4K
10.85%+7.50%
2031-09-30
Crestline PF Sentry Fund (US), LP
Financial Services
Investment Partnerships
$7.63M
$7.70M
-$66.2K
Boost Co-Invest LP
Financial Services
CLO
$7.62M
$6.77M
$852.3K
HPS Private Credit CLO 2023-1 LLC
Financial Services
CLO
$7.62M
$7.35M
$270.9K
15.15%+9.85%
2035-07-15
ABPCI Direct Lending Fund CLO XII Ltd.
Financial Services
CLO
$7.60M
$7.21M
$381.9K
14.94%+9.68%
2035-04-29
Ares Special Opportunities Fund (Offshore), LP
Financial Services
Investment Partnerships
$7.54M
$7.60M
-$56.3K
Magenta Asset Co-Invest L.P.
Financial Services
Special Purpose Vehicle for Senior Secured Loans
$7.53M
$7.57M
-$40.6K
Whitehawk Healthcare
Health Care Equipment & Services
Delayed Draw
$7.50M
$7.39M
$109.3K
14.59%+10.00%
2024-12-31
Trintech, Inc.
Software & Services
First Lien Term Loan
$7.48M
$7.49M
-$4.8K
10.35%+5.50%
2029-07-25
DMT Solutions Global Corporation
Capital Goods
First Lien Term Loan
$7.36M
$7.34M
$24.2K
12.74%+8.00%
2027-08-30
MIS Acquisition, LLC
Software & Services
First Lien Term Loan
$7.29M
$7.24M
$51.9K
11.88%+6.75%
2028-11-17
iCIMS, Inc.
Capital Goods
First Lien Term Loan
$6.95M
$6.91M
$41.2K
12.17%+7.25%
2028-08-18
Bluefin Holding, LLC
Software & Services
First Lien Term Loan
$6.89M
$6.68M
$208.6K
12.20%+7.25%
2029-09-12
CW Credit Opportunity 2 LP
Financial Services
Special Purpose Vehicle for Senior Secured Loans
$6.85M
$6.71M
$142.6K
California Municipal Finance Authority
Capital Goods
Common Stock
$6.60M
$6.60M
$0.00
12.25%
2042-12-15
Prolacta Bioscience, Inc. (Class A-3)
Health Care Equipment & Services
Common Stock
$6.57M
$3.99M
$2.58M
Ivy Hill Middle Market Credit Fund XXI Ltd.
Financial Services
CLO
$6.55M
$6.34M
$214.5K
13.80%+8.52%
2035-07-18
Sculptor Real Estate Science Park Fund, LP
Financial Services
Special Purpose Vehicle for Real Estate Loans
$6.52M
$6.39M
$135.2K
Artivion, Inc.
Health Care Equipment & Services
First Lien Term Loan
$6.42M
$6.40M
$14.8K
11.78%+6.50%
2030-01-18
Prolacta Bioscience, Inc.
Health Care Equipment & Services
First Lien Term Loan
$6.36M
$6.37M
-$12.8K
10.18%+5.43%
2029-12-21
Baxters North America Holdings, Inc.
Consumer Staples Distribution & Retail
First Lien Term Loan
$6.31M
$6.29M
$27.4K
+7.25%
2028-05-31
PracticeTek Purchaser LLC
Software & Services
First Lien Term Loan
$6.19M
$6.17M
$25.5K
10.60%+5.75%
2029-08-30
Shamrock Capital Debt Opportunities Fund I, LP
Financial Services
Investment Partnerships
$6.13M
$6.13M
$5.0K
Waccamaw River LLC
Financial Services
Investment Partnerships
$6.12M
$12.33M
-$6.21M
CCOF Alera Aggregator, L.P.
Financial Services
Special Purpose Vehicle for Preferred Equity
$6.10M
$4.86M
$1.25M
TecoStar Holdings, Inc.
Capital Goods
First Lien Term Loan
$6.05M
$5.86M
$190.7K
+4.00%
2029-07-07
Xactly Corporation
Software & Services
First Lien Term Loan
$6.00M
$5.89M
$107.9K
11.41%+6.25%
2031-02-03
Tinicum Tax Exempt, L.P.
Financial Services
Investment Partnerships
$5.93M
$4.40M
$1.52M
Helix Acquisition Holdings, Inc.
Capital Goods
First Lien Term Loan
$5.76M
$5.55M
$207.9K
11.95%+7.00%
2030-03-31
17Capital Co-Invest (B) SCSp
Financial Services
Special Purpose Vehicle for Senior Secured Loans
EUR 5.74M
EUR 5.46M
EUR 279.5K
Gramercy PG Holdings, LP (Preferred Interests)
Financial Services
Special Purpose Vehicle for Senior Secured Loans
$5.72M
$5.45M
$270.5K
KCP Acquisitions, Inc.
Consumer Discretionary Distribution & Retail
First Lien Term Loan
$5.71M
$5.68M
$36.1K
13.92%+8.57%
2027-03-16
Axonic Private Credit Fund I, LP
Financial Services
Investment Partnerships
$5.65M
$5.24M
$409.7K
Wealth Enhancement Group, LLC
Financial Services
First Lien Term Loan
$5.53M
$5.17M
$360.3K
2033-05-26
Blue Owl Real Estate Fund VI
Financial Services
Investment Partnerships
$5.43M
$5.41M
$27.2K
Blackstone Tactical Opportunities Fund (Matrix Co-Invest) LP
Financial Services
CLO
$5.43M
$4.71M
$724.3K
Evergreen Services Group II
Software & Services
Delayed Draw
$5.38M
$5.38M
-$8.0K
2029-06-15
BSOF Parallel Onshore Fund L.P. (Class Absolute III Series 3 Interests)
Financial Services
Investment Partnerships
$5.22M
$5.24M
-$18.9K
CCOF III Nexus Co-Invest Aggregator, L.P.
Financial Services
Investment Partnerships
$5.17M
$4.90M
$272.7K
Penn TRGRP Holdings
Capital Goods
First Lien Term Loan
$5.08M
$5.06M
$15.3K
+1.75%
2030-09-29
Nader Upside 2 Sarl
Health Care Equipment & Services
First Lien Term Loan
EUR 5.08M
EUR 4.98M
EUR 97.3K
2028-03-13
CCOF Sierra II, L.P.
Financial Services
Special Purpose Vehicle for Preferred Equity
$5.06M
$3.91M
$1.15M
ABPCI Direct Lending Fund CLO XV, Ltd.
Financial Services
CLO
$5.04M
$4.90M
$144.9K
13.86%+8.60%
2035-10-30
GS Holder, Inc. Preferred
Software & Services
Preferred Stock
$5.00M
$4.85M
$150.0K
User Zoom Technologies, Inc
Software & Services
First Lien Term Loan
$5.00M
$4.88M
$121.0K
12.82%+7.50%
2029-04-05
D Koval Mezz, LLC
Real Estate Management & Development
First Lien Term Loan
$4.96M
$4.96M
$0.00
13.00%
2028-05-06
Houghton Mifflin Harcourt Publishing Company
Consumer Discretionary Distribution & Retail
Second Lien Term Loan
$4.91M
$4.79M
$114.7K
12.95%+8.00%
2028-04-07
P20 Parent, Inc.
Capital Goods
First Lien Term Loan
$4.80M
$4.84M
-$42.9K
12.10%+7.50%
2028-07-12
Infinite Bidco LLC
Software & Services
First Lien Term Loan
$4.79M
$4.81M
-$24.0K
11.64%+6.25%
2028-03-02
Oranje Holdco, Inc.
Software & Services
First Lien Term Loan
$4.66M
$4.63M
$24.7K
12.75%+7.50%
2029-02-01
Summit Partners Credit Offshore Fund II, L.P.
Financial Services
Investment Partnerships
$4.60M
$7.12M
-$2.52M
Bluesight, Inc.
Software & Services
First Lien Term Loan
$4.59M
$4.48M
$110.0K
11.85%+7.25%
2029-07-17
Mercury Bidco LLC
Software & Services
First Lien Term Loan
$4.51M
$4.49M
$26.1K
10.77%+5.75%
2030-05-31
Cobham Holdings, Inc.
Capital Goods
First Lien Term Loan
$4.41M
$4.36M
$41.3K
10.10%+6.75%
2030-01-09
Poinciana LLC
Real Estate Management & Development
Delayed Draw
$4.36M
$4.38M
-$19.9K
12.00%
2026-05-01
SintecMedia NYC, Inc.
Materials
First Lien Term Loan
$4.35M
$4.43M
-$75.0K
11.75%+7.00%
2029-06-21
Symbiotic Capital EB Fund, L.P.
Financial Services
Special Purpose Vehicle for Senior Secured Loans
$4.35M
$3.98M
$368.7K
Coupa Holdings, LLC
Software & Services
First Lien Term Loan
$4.32M
$4.22M
$103.2K
10.75%+5.50%
2030-02-27
Specialty Loan Institutional Fund 2016-L, L.P.
Financial Services
Investment Partnerships
$4.30M
$2.63M
$1.67M
Hudson’s Bay Company
Consumer Discretionary Distribution & Retail
First Lien Term Loan
$4.21M
$4.15M
$57.4K
13.20%+8.50%
2026-09-30
Sixth Street Growth Partners II (B), L.P.
Financial Services
Investment Partnerships
$4.18M
$3.90M
$279.9K
Milano Co-Invest, L.P.
Financial Services
Special Purpose Vehicle for Subordinated Debt
$4.10M
$3.99M
$118.8K
Pollen, Inc. Series H1 Preferred
Capital Goods
Preferred Stock
$4.07M
$3.36M
$706.3K
Exactcare Parent, Inc.
Health Care Equipment & Services
First Lien Term Loan
$4.03M
$3.94M
$96.2K
10.73%+5.50%
2029-11-03
MGT Merger Target, LLC
Software & Services
First Lien Term Loan
$4.00M
$3.87M
$126.5K
11.56%+6.60%
2029-04-10
Bausch Receivables Funding LP
Health Care Equipment & Services
Revolver
$3.98M
$3.86M
$121.0K
11.98%+6.65%
2028-01-28
Penney Borrower LLC
Consumer Discretionary Distribution & Retail
First Lien Term Loan
$3.92M
$3.91M
$2.1K
11.44%+6.50%
2026-12-16
The Arcticom Group, LLC
Capital Goods
Delayed Draw
$3.91M
$3.86M
$44.7K
+3.50%
2027-12-22
Alcami Corporation
Health Care Equipment & Services
First Lien Term Loan
$3.80M
$3.66M
$141.1K
12.21%+7.00%
2028-12-21
Vardiman Black Holdings, LLC
Health Care Equipment & Services
First Lien Term Loan
$3.75M
$3.70M
$54.9K
2027-03-18
FSG Acquisition, LLC — Senior Preferred
Capital Goods
Preferred Stock
$3.75M
$3.66M
$93.4K
Chilly HP SCF Investor, LP
Financial Services
Special Purpose Vehicle for Preferred Equity
$3.69M
$2.97M
$722.0K
Ivy Hill Middle Market Credit Fund XXI Ltd.
Financial Services
CLO
$3.59M
$3.50M
$89.0K
11.68%+6.40%
2035-07-18
Blue Owl First Lien Fund (Offshore), L.P.
Financial Services
Investment Partnerships
$3.58M
$2.94M
$634.8K
Orthodontic Partners, LLC
Health Care Equipment & Services
Delayed Draw
$3.56M
$3.47M
$89.9K
11.98%+6.50%
2027-10-12
Mandolin Technology Holdings, Inc. — Series A Preferred
Software & Services
Preferred Stock
$3.47M
$3.40M
$75.6K
Felicitas Diner Offshore, LP
Financial Services
CLO
$3.45M
$2.83M
$624.1K
Panda Acquisition LLC
Capital Goods
First Lien Term Loan
$3.39M
$3.25M
$137.7K
12.20%+7.50%
2028-10-18
Deerpath Capital CLO 2020-1 Ltd.
Financial Services
CLO
$3.33M
$3.19M
$146.7K
11.68%+6.39%
2034-04-17
Xeris Pharmaceuticals, Inc.
Health Care Equipment & Services
First Lien Term Loan
$3.28M
$3.30M
-$25.9K
11.55%+6.95%
2029-03-05
KWOL Acquisition, Inc.
Health Care Equipment & Services
First Lien Term Loan
$3.21M
$3.22M
-$7.0K
11.51%+6.25%
2029-12-12
Kensington Private Equity Fund
Financial Services
Second Lien Term Loan
$3.18M
$3.17M
$8.4K
2026-03-28
Pennybacker Real Estate Credit II Pacific, LLC
Financial Services
Investment Partnerships
$3.14M
$2.47M
$674.9K
Ares Pathfinder Fund II (Offshore), LP
Financial Services
Investment Partnerships
$3.04M
$2.77M
$270.0K
Atomic Transport, LLC
Capital Goods
Common Stock
$3.00M
$654.5K
$2.35M
Harbor Purchaser, Inc.
Consumer Discretionary Distribution & Retail
Second Lien Term Loan
$3.00M
$2.95M
$45.4K
13.35%+8.50%
2030-04-07
Riskonnect Parent, LLC — Series B Preferred
Software & Services
Preferred Stock
$3.00M
$2.94M
$60.0K
Contingency Capital EG Fund (US) LP
Financial Services
Investment Partnerships
$2.99M
$2.99M
$0.00
TerSera Therapeutics, LLC
Health Care Equipment & Services
First Lien Term Loan
$2.75M
$2.68M
$67.0K
10.35%+5.75%
2029-04-04
Confluent Health, LLC
Health Care Equipment & Services
First Lien Term Loan
$2.75M
$2.66M
$87.6K
12.35%+7.50%
2028-11-30
Foundation Risk Partners, Corp.
Financial Services
First Lien Term Loan
$2.70M
$2.63M
$70.1K
9.85%+5.25%
2028-10-29
Avalara, Inc.
Software & Services
First Lien Term Loan
$2.69M
$2.68M
$15.0K
10.85%+6.75%
2028-10-19
Fenix Topco, LLC
Capital Goods
First Lien Term Loan
$2.68M
$2.68M
-$593.00
11.11%+6.50%
2029-03-28
ASG II, LLC
Software & Services
First Lien Term Loan
$2.61M
$2.57M
$36.4K
11.65%+6.25%
2028-05-25
KWOL Co-Invest, LP
Financial Services
CLO
$2.59M
$2.50M
$89.8K
TCP Whitney CLO Ltd.
Financial Services
CLO
$2.51M
$2.45M
$61.7K
13.55%+8.42%
2033-08-20
Propharma, LLC
Health Care Equipment & Services
Preferred Stock
$2.50M
$2.42M
$75.0K
Atomic Transport, LLC
Capital Goods
Preferred Stock
$2.46M
$1.78M
$673.2K
Orthodontic Partners, LLC
Health Care Equipment & Services
First Lien Term Loan
$2.41M
$2.36M
$51.3K
11.78%+6.50%
2027-10-12
Archer 2023 Finance, LLC, Class B
Financial Services
BDC
$2.34M
$2.32M
$24.8K
+8.00%
2035-12-28
SureWerx Purchaser III, Inc.
Materials
First Lien Term Loan
$2.25M
$2.20M
$51.5K
9.85%+5.25%
2029-12-28
Afiniti, Inc.
Software & Services
First Lien Term Loan
$2.23M
$2.28M
-$53.9K
2024-10-03
United Digestive MSO Parent, LLC
Health Care Equipment & Services
First Lien Term Loan
$2.19M
$2.18M
$16.2K
11.25%+6.50%
2029-03-30
Hanger, Inc.
Health Care Equipment & Services
First Lien Term Loan
$2.19M
$2.21M
-$15.1K
11.21%+6.25%
2028-10-03
Comar Holding Company, LLC
Materials
First Lien Term Loan
$2.07M
$2.07M
$105.00
2026-06-18
Prolacta Bioscience, Inc.
Health Care Equipment & Services
First Lien Term Loan
$2.05M
$2.06M
-$3.8K
13.75%+9.00%
2029-12-21
Pollen, Inc. Series H2 Preferred
Capital Goods
Preferred Stock
$2.03M
$1.86M
$176.4K
Apex Service Partners, LLC
Capital Goods
First Lien Term Loan
$2.01M
$2.07M
-$59.2K
2028-10-24
Barings Middle Market CLO Ltd. 2017-I
Financial Services
CLO
$2.00M
$1.96M
$41.2K
14.20%+8.92%
2034-01-20
OTR Midco, LLC
Financial Services
Subordinated Debt
$2.00M
$2.00M
$0.00
12.00%
2026-05-13
Oranje Holdco, Inc.
Software & Services
First Lien Term Loan
$1.95M
$1.95M
-$1.1K
12.50%+7.25%
2030-06-27
NKD Group GmbH
Consumer Discretionary Distribution & Retail
First Lien Term Loan
EUR 1.93M
EUR 1.81M
EUR 121.3K
11.35%+8.00%
2026-03-23
Kensington Private Equity Fund
Financial Services
Delayed Draw
$1.90M
$1.89M
$14.0K
2026-03-28
BP Holdings Tau, LLC
Financial Services
Special Purpose Vehicle for Real Estate Loans
$1.89M
$2.02M
-$130.7K
Helium Acquirer Corporation
Health Care Equipment & Services
First Lien Term Loan
$1.89M
$1.86M
$31.1K
11.70%+7.00%
2029-01-05
PracticeTek Purchaser LLC
Software & Services
First Lien Term Loan
$1.89M
$1.88M
$9.0K
2029-08-30
nThrive, Inc., Series A-2 Preferred
Health Care Equipment & Services
Preferred Stock
$1.83M
$3.16M
-$1.34M
Sunland Asphalt & Construction, LLC
Materials
First Lien Term Loan
$1.79M
$1.72M
$66.8K
11.45%+6.50%
2028-06-16
Barings Middle Market CLO Ltd. 2017-I
Financial Services
CLO
$1.78M
$2.48M
-$701.8K
28.00%
2034-01-20
Xeris Pharmaceuticals, Inc.
Health Care Equipment & Services
Delayed Draw
$1.64M
$1.58M
$62.3K
11.55%+6.95%
2029-03-05
Fullsteam Operations LLC
Software & Services
First Lien Term Loan
$1.63M
$1.56M
$67.7K
13.46%+8.25%
2029-11-27
Franklin BSP Capital Corp
Financial Services
BDC
$1.61M
$1.68M
-$70.2K
NB Capital Solutions Co-Invest (Wolverine) LP
Financial Services
Special Purpose Vehicle for Preferred Equity
$1.60M
$1.38M
$221.5K
BP Holdings Zeta LP — Class B
Financial Services
Special Purpose Vehicle for Real Estate Loans
$1.53M
$1.41M
$115.4K
Knight Energy Services LLC
Energy
First Lien Term Loan
$1.40M
$1.38M
$18.1K
12.34%+7.50%
2028-06-01
VPC COV, L.P.
Financial Services
Investment Partnerships
$1.31M
$1.00M
$311.3K
Foundation Risk Partners, Corp.
Financial Services
Delayed Draw
$1.26M
$1.22M
$40.8K
9.85%+5.25%
2028-10-29
Hanger, Inc.
Health Care Equipment & Services
Delayed Draw
$1.20M
$1.21M
-$8.7K
11.17%+6.25%
2028-10-03
Barings BDC, Inc.
Financial Services
Common Stock
$1.17M
$1.22M
-$49.8K
Helium Acquirer Corporation
Health Care Equipment & Services
Delayed Draw
$1.16M
$1.14M
$17.8K
11.70%+7.00%
2029-01-05
Disco Parent, LLC
Software & Services
First Lien Term Loan
$1.13M
$1.11M
$12.3K
12.56%+7.50%
2029-03-30
Riskonnect Parent, LLC — Series C Preferred
Software & Services
Preferred Stock
$1.05M
$1.05M
$0.00
Blue Owl Technology Holdings II, LLC, Class A
Financial Services
CLO
$998.2K
$238.9K
$759.3K
Apex Service Partners, LLC
Capital Goods
Delayed Draw
$987.9K
$1.02M
-$28.8K
2029-10-24
Gateway Casinos & Entertainment Limited
Consumer Discretionary Distribution & Retail
First Lien Term Loan
$985.9K
$941.5K
$44.3K
13.43%+8.00%
2027-10-22
The Arcticom Group, LLC
Capital Goods
First Lien Term Loan
$941.5K
$938.2K
$3.3K
+3.50%
2027-12-22
Hanger, Inc.
Health Care Equipment & Services
Second Lien Term Loan
$930.5K
$935.7K
-$5.2K
14.71%+9.75%
2029-10-03
Stellus Private BDC Advisor, LLC
Financial Services
CLO
$886.7K
Atomic Transport, LLC
Capital Goods
Preferred Stock
$875.0K
$857.5K
$17.5K
Nephron Pharmaceuticals Corporation
Health Care Equipment & Services
First Lien Term Loan
$870.3K
$870.7K
-$388.00
20.00%
2026-09-11
Ion Finance Holdings
Software & Services
Delayed Draw
EUR 826.3K
EUR 789.7K
EUR 36.6K
10.85%+7.50%
2031-09-30
Pennybacker Real Estate Credit II Pacific, LLC
Financial Services
Promissory Note
$809.9K
$809.9K
$0.00
11.59%
2031-05-10
Fullsteam Operations LLC
Software & Services
Delayed Draw
$698.1K
$667.0K
$31.0K
13.46%+8.25%
2029-11-27
The Arcticom Group, LLC
Capital Goods
First Lien Term Loan
$645.7K
$638.4K
$7.3K
+3.50%
2027-12-22
Helium Acquirer Corporation
Health Care Equipment & Services
Delayed Draw
$574.9K
$562.9K
$12.0K
11.70%+7.00%
2029-01-05
Thompson Rivers LLC
Financial Services
Investment Partnerships
$553.7K
$1.42M
-$863.0K
Vardiman Black Holdings, LLC
Health Care Equipment & Services
Preferred Stock
$515.4K
$515.4K
-$8.00
Alteryx
Software & Services
Delayed Draw
$413.3K
$404.1K
$9.3K
11.35%+6.50%
2031-03-19
ASG II, LLC
Software & Services
Delayed Draw
$391.3K
$385.1K
$6.2K
11.65%+6.25%
2028-05-25
Vardiman Black Holdings, LLC
Health Care Equipment & Services
Delayed Draw
$361.0K
$363.7K
-$2.7K
2026-03-29
Alteryx
Software & Services
First Lien Term Loan
$284.2K
$280.1K
$4.0K
11.35%+6.50%
2031-03-19
Sunland Asphalt & Construction, LLC
Materials
Delayed Draw
$283.2K
$268.8K
$14.4K
11.45%+6.50%
2028-06-16
Alcami Corporation
Health Care Equipment & Services
Delayed Draw
$279.4K
$267.8K
$11.6K
12.21%+7.00%
2028-12-21
SintecMedia NYC, Inc.
Materials
Revolver
$252.7K
$260.1K
-$7.4K
11.86%+7.00%
2029-06-21
Helium Acquirer Corporation
Health Care Equipment & Services
First Lien Term Loan
$249.5K
$250.1K
-$554.00
11.20%+6.50%
2029-01-05
MGT Merger Target, LLC
Software & Services
Delayed Draw
$226.4K
$223.0K
$3.4K
11.71%+6.50%
2029-04-10
MGT Merger Target, LLC
Software & Services
Revolver
$186.2K
$186.2K
$0.00
14.00%+6.50%
2028-04-10
Fenix Topco, LLC
Capital Goods
Delayed Draw
$160.6K
$160.5K
$73.00
11.11%+6.50%
2029-03-28
Trintech, Inc.
Software & Services
Revolver
$154.5K
$154.4K
$161.00
10.35%+5.50%
2029-07-25
The Arcticom Group, LLC
Capital Goods
Delayed Draw
$150.8K
$148.8K
$2.0K
+3.50%
2027-12-22
SureWerx Purchaser III, Inc.
Materials
Revolver
$144.5K
$145.0K
-$526.00
9.85%+5.25%
2028-12-28
Service Compression Preferred Equity (JR Preferred Shares)
Energy
Preferred Stock
$139.5K
$135.1K
$4.4K
United Digestive MSO Parent, LLC
Health Care Equipment & Services
Revolver
$113.9K
$111.6K
$2.3K
11.70%+6.50%
2029-03-30
Xeris Biopharma Holdings, Inc.
Health Care Equipment & Services
Warrant
$73.1K
2029-03-08
PracticeTek Purchaser LLC
Software & Services
Delayed Draw
$71.2K
$66.1K
$5.0K
10.60%+5.75%
2029-08-30
KWOL Acquisition, Inc.
Health Care Equipment & Services
Revolver
$56.0K
$46.3K
$9.8K
11.11%+6.25%
2029-12-12
Service Compression, LLC
Energy
Warrant
$45.5K
2031-01-17
Helium Acquirer Corporation
Health Care Equipment & Services
Revolver
$27.2K
$29.3K
-$2.1K
11.70%+7.00%
2029-01-05
Bluesight, Inc.
Software & Services
Revolver
-$722.00
-$10.6K
$9.9K
0.50%
2029-07-17
SureWerx Purchaser III, Inc.
Materials
Delayed Draw
-$940.00
-$7.7K
$6.8K
1.00%
2029-12-28
Disco Parent, LLC
Software & Services
Revolver
-$1.1K
-$2.4K
$1.3K
0.50%
2029-03-30
Exactcare Parent, Inc.
Health Care Equipment & Services
Revolver
-$1.4K
-$10.4K
$9.0K
0.50%
2029-11-03
Crewline Buyer, Inc.
Software & Services
Revolver
-$1.9K
-$19.0K
$17.1K
0.50%
2030-11-08
Vardiman Black Holdings, LLC
Health Care Equipment & Services
Delayed Draw
-$2.2K
-$1.7K
-$538.00
1.00%
2026-03-29
Avalara, Inc.
Software & Services
Revolver
-$3.6K
$422.00
-$4.1K
0.50%
2028-10-19
The Arcticom Group, LLC
Capital Goods
Delayed Draw
-$3.9K
-$3.8K
-$81.00
1.00%
2027-12-22
Mercury Bidco LLC
Software & Services
Revolver
-$3.9K
-$8.9K
$4.9K
0.50%
2029-05-31
Cobham Holdings, Inc.
Capital Goods
Revolver
-$7.2K
-$10.7K
$3.5K
0.50%
2028-01-09
Hanger, Inc.
Health Care Equipment & Services
Delayed Draw
-$9.0K
-$4.8K
-$4.1K
1.00%
2029-10-03
MIS Acquisition, LLC
Software & Services
Revolver
-$9.4K
-$13.3K
$3.9K
0.50%
2028-11-17
United Digestive MSO Parent, LLC
Health Care Equipment & Services
Delayed Draw
-$10.2K
-$7.4K
-$2.8K
1.00%
2029-03-30
Oranje Holdco, Inc.
Software & Services
Revolver
-$10.4K
-$13.6K
$3.3K
0.50%
2029-02-01
Penn TRGRP Holdings
Capital Goods
Revolver
-$11.3K
-$14.3K
$3.0K
0.50%
2030-09-29
Fullsteam Operations LLC
Software & Services
Delayed Draw
-$13.1K
-$16.0K
$2.8K
1.00%
2029-11-27
Finastra USA, Inc.
Software & Services
Revolver
-$14.6K
-$17.0K
$2.5K
0.50%
2029-09-13
Fenix Topco, LLC
Capital Goods
Delayed Draw
-$24.1K
-$25.2K
$1.1K
1.00%
2029-03-28
Artivion, Inc.
Health Care Equipment & Services
Delayed Draw
-$35.5K
-$81.3K
$45.8K
1.00%
2030-01-18
Alcami Corporation
Health Care Equipment & Services
Revolver
-$14.2K
0.50%
2028-12-21
Alteryx
Software & Services
Revolver
-$1.4K
0.50%
2031-03-19
Bluefin Holding, LLC
Software & Services
Revolver
-$15.3K
0.50%
2029-09-12
CTF Clear Finance Technology Corp
Financial Services
Warrant
2035-10-03
Coupa Holdings, LLC
Software & Services
Delayed Draw
-$4.1K
1.00%
2029-02-28
Coupa Holdings, LLC
Software & Services
Revolver
-$6.1K
0.50%
2029-02-27
Fullsteam Operations LLC
Software & Services
Revolver
-$2.3K
0.50%
2029-11-27
Honor Technology, Inc.
Health Care Equipment & Services
Warrant
2034-05-28
LP-PWP Credit Card ABS, LLC
Financial Services
Revolver
1.00%
2028-06-01
TerSera Therapeutics, LLC
Health Care Equipment & Services
Revolver
-$5.7K
0.50%
2029-04-04
Vardiman Black Holdings, LLC
Health Care Equipment & Services
Common Stock
Zinnia Corporate Holdings, LLC
Software & Services
Delayed Draw
0.50%
2029-09-23
Disclosed holdings FV
$4.08B
Parsed holdings FV
$4.07B
Residual gap
$3.33M
Balance-sheet cash
CIK
0001842754
Accession
0001213900-24-106844
Form type
N-CSRS
Period
2024-09-30