TSLX
Sixth Street Specialty Lending
Portfolio Fair Value
$3.37B
220 holdings
Avg Spread
+6.49%
FV-weighted, debt
Avg Coupon
10.03%
FV-weighted
% First Lien
88.3%
of debt FV
Unrealized P/L
+$62.28M
+1.88% of cost
Non-Accrual
8
text-detected
Balance sheet
Assets$3.39B
Liabilities + Equity$3.39B
First Lien
$2.93B · 86.3%
First Lien
$2.93B · 86.3%
Second Lien
$30.65M · 0.9%
Subordinated
$58.0K · 0.0%
Other Debt
$131.88M · 3.9%
Equity
$220.27M · 6.5%
Other
$3.86M · 0.1%
Cash & Equivalents
$29.18M · 0.9%
Other Assets
$50.53M · 1.5%
Debt (Borrowings)
$1.80B · 53.1%
Debt (Borrowings)
$1.80B · 53.1%
Other Liabilities
$47.09M · 1.4%
Net Assets (Equity)
$1.54B · 45.5%
Net Assets (Equity)
$1.54B · 45.5%
Industry Composition
Internet Services
18.0%
Retail and Consumer Products
11.0%
Business Services
11.0%
Hotel, Gaming and Leisure
10.5%
Healthcare
8.6%
Human Resource Support Services
7.8%
Transportation
7.6%
Financial Services
3.5%
Pharmaceuticals
3.4%
Education
3.1%
Manufacturing
2.8%
Structured Credit Investments
2.8%
Other industries
9.9%
Spread Distribution
1.0%
4.5%
5.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.5%
10.5%
15.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
220 of 220
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
EDB Parent, LLC | Internet Services | First-lien loan | $77.33M | $77.91M | -$578.0K | 10.67% | +7.00% | — |
ExtraHop Networks, Inc | Business Services | First-lien loan | $75.35M | $75.72M | -$379.0K | 10.27% | +6.60% | — |
PayScale Holdings, Inc. | Human Resource Support Services | First-lien loan | $73.58M | $74.56M | -$980.0K | 8.95% | +5.25% | — |
BCTO Ace Purchaser, Inc. | Healthcare | First-lien loan | $72.61M | $71.47M | $1.14M | 10.17% | +6.50% | — |
Blazing Star Parent, LLC | Retail and Consumer Products | First-lien loan | $68.43M | $68.20M | $233.0K | 10.67% | +7.00% | — |
Ranger Intermediate II, LLC | Transportation | First-lien loan | $68.32M | $68.39M | -$65.0K | 9.17% | +5.50% | — |
Cordance Operations, LLC | Retail and Consumer Products | First-lien loan | $65.19M | $64.76M | $428.0K | 12.07% | +8.40% | — |
RainFocus, LLC | Internet Services | First-lien loan | $65.14M | $65.31M | -$165.0K | 10.12% | +6.38% | — |
ASG II, LLC. | Hotel, Gaming and Leisure | First-lien loan | $62.89M | $64.32M | -$1.44M | 10.07% | +6.40% | — |
Velocity Clinical Research, Inc. | Healthcare | First-lien loan | $62.81M | $62.76M | $45.0K | 11.20% | +7.50% | — |
LeanTaaS Holdings, Inc. | Internet Services | First-lien loan | $62.21M | $62.95M | -$736.0K | 11.45% | +7.75% | — |
IRGSE Holding Corp | Hotel, Gaming and Leisure | Equity Investments | $58.51M | — | — | — | — | — |
Crewline Buyer, Inc | Business Services | First-lien loan | $57.10M | $57.20M | -$97.0K | 10.42% | +6.75% | — |
Leg Purchaser, Inc. | Manufacturing | First-lien loan | $56.26M | $56.60M | -$342.0K | 9.15% | +5.50% | — |
BCTO Ignition Purchaser, Inc | Business Services | First-lien holdco loan | $56.16M | $55.13M | $1.02M | — | +7.50% | — |
TRP Assets, LLC First-lien loan ($54,834 par, due 12/2029) Initial Acquisition Date 12/20/2024 Reference Rate and Spread SOFR + 7.00% Interest Rate 10.70% | Oil, Gas and Consumable Fuels | First-lien loan ($54,834 par, due 12/2029) | $55.81M | $53.94M | $1.87M | 10.70% | +7.00% | — |
SMA Technologies Holdings, LLC | Internet Services | First-lien loan | $55.58M | $54.52M | $1.06M | 10.17% | +6.50% | — |
EMS Linq, Inc. | Education | First-lien loan | $54.25M | $55.83M | -$1.58M | 10.02% | — | — |
TS Imagine, Inc. | Financial Services | First-lien loan | $54.13M | $54.47M | -$333.0K | 9.52% | +5.85% | — |
bswift, LLC | Human Resource Support Services | First-lien loan | $54.08M | $53.85M | $234.0K | 8.41% | +4.75% | — |
Project44, Inc | Transportation | First-lien loan | $53.53M | $53.96M | -$432.0K | 10.02% | +6.35% | — |
Equinox Holdings, Inc. | Hotel, Gaming and Leisure | First-lien loan | $53.40M | $51.54M | $1.85M | 10.95% | +7.25% | — |
Neuintel, LLC | Retail and Consumer Products | First-lien loan | $50.70M | $53.45M | -$2.76M | 10.52% | +6.85% | — |
HireVue, Inc. | Human Resource Support Services | First-lien loan | $50.09M | $54.12M | -$4.03M | 11.42% | +7.75% | — |
Tango Management Consulting, LLC | Retail and Consumer Products | First-lien loan | $49.28M | $49.88M | -$601.0K | 10.16% | +6.50% | — |
Big Wombat Holdings, Inc. | Internet Services | First-lien loan | $46.13M | $46.58M | -$454.0K | 10.67% | +7.00% | — |
Belk, Inc. | Retail and Consumer Products | First-lien loan | $45.81M | $45.33M | $475.0K | 10.67% | +7.00% | — |
Elysium BidCo Limited First-lien loan (EUR 40,905 par, due 12/2030) Initial Acquisition Date 12/11/2024 Reference Rate and Spread E + 7.25% Interest Rate 9.38% | Pharmaceuticals | First-lien loan (EUR 40,905 par, due 12/2030) | $45.66M | $45.05M | $611.0K | 9.38% | +7.25% | — |
Axonify, Inc. | Human Resource Support Services | First-lien loan | $44.55M | $44.90M | -$347.0K | 10.31% | +6.65% | — |
AVSC Holding Corp. | Hotel, Gaming and Leisure | First-lien loan | $44.49M | $43.95M | $541.0K | 8.67% | +5.00% | — |
Kaseware Intermediate Holding Company | Internet Services | First-lien loan | $43.59M | $44.20M | -$605.0K | 9.17% | +5.50% | — |
Sport Alliance GmbH. | Hotel, Gaming and Leisure | First-lien loan | $42.56M | $42.51M | $52.0K | 9.77% | +7.75% | — |
Azurite Intermediate Holdings, Inc | Business Services | First-lien loan | $42.04M | $42.16M | -$128.0K | 9.67% | +6.00% | — |
Marcura Equities LTD | Transportation | First-lien revolving loan | $41.75M | $41.34M | $413.0K | 11.95% | +8.25% | — |
Bayshore Intermediate #2, L.P. | Internet Services | First-lien loan | $41.64M | $42.20M | -$562.0K | 9.18% | +5.50% | — |
Shiftmove GMBH | Transportation | First-lien loan | $41.48M | $40.03M | $1.45M | 8.13% | +6.00% | — |
Coupa Holdings, LLC | Internet Services | First-lien loan | $41.45M | $41.78M | -$330.0K | 8.92% | +5.25% | — |
Flight Intermediate HoldCo, Inc. | Internet Services | First-lien loan | $40.00M | $39.19M | $808.0K | 11.50% | — | — |
Artisan Bidco, Inc. | Business Services | First-lien loan | $37.67M | $37.84M | -$169.0K | 10.65% | +7.00% | — |
Aurelia Netherlands B.V. | Communications | First-lien loan | $37.63M | $35.02M | $2.60M | 6.77% | +4.75% | — |
Arrow Buyer, Inc. | Internet Services | First-lien loan | $36.19M | $35.93M | $264.0K | 8.70% | +5.00% | — |
Ingenovis Health Finance, LLC. | Healthcare | First-lien revolving loan | $31.85M | $31.43M | $420.0K | 9.67% | +6.00% | — |
Kangaroo Bidco AS | Education | First-lien loan | $30.27M | $29.98M | $296.0K | 9.74% | +6.00% | — |
Kahua, Inc. | Other | First-lien loan | $30.00M | $29.68M | $315.0K | 9.67% | +6.00% | — |
Arrowhead Pharmaceuticals, Inc. First-lien loan ($27,177 par, due 8/2031) Initial Acquisition Date 8/7/2024 Reference Rate and Spread 15.00% Interest Rate 15.00% | Pharmaceuticals | First-lien loan ($27,177 par, due 8/2031) | $29.96M | $27.00M | $2.96M | 15.00% | — | — |
IRGSE Holding Corp. | Hotel, Gaming and Leisure | First-lien loan | $29.20M | $28.59M | $608.0K | 13.35% | +9.65% | — |
IRGSE Holding Corp. | Hotel, Gaming and Leisure | First-lien revolving loan | $29.14M | $30.31M | -$1.18M | 13.33% | +9.65% | — |
Eventus Buyer, LLC. | Healthcare | First-lien loan | $28.58M | $28.34M | $237.0K | 9.17% | +5.50% | — |
Mindbody, Inc. | Hotel, Gaming and Leisure | First-lien loan | $28.40M | $28.40M | $0.00 | 9.70% | +6.00% | — |
Laramie Energy, LLC First-lien loan ($27,317 par, due 2/2027) Initial Acquisition Date 2/21/2023 Reference Rate and Spread SOFR + 7.10% Interest Rate 10.77% | Oil, Gas and Consumable Fuels | First-lien loan ($27,317 par, due 2/2027) | $27.52M | $27.20M | $326.0K | 10.77% | +7.10% | — |
Lynx BidCo | Business Services | First-lien loan | $27.38M | $27.79M | -$411.0K | 8.38% | +6.25% | — |
Erling Lux Bidco SARL | Chemicals | First-lien loan | $26.19M | $23.68M | $2.51M | 10.73% | +7.00% | — |
Sapphire Software Buyer, Inc. | Electronics | First-lien loan | $26.07M | $26.65M | -$585.0K | 8.70% | +5.00% | — |
Hippo XPA Bidco AB | Internet Services | First-lien loan | $22.45M | $21.54M | $910.0K | 8.94% | +6.75% | — |
Rail Acquisitions LLC | Transportation | First-lien loan | $22.16M | $22.12M | $45.0K | 9.67% | +6.00% | — |
Ibis US Blocker Co. | Financial Services | First-lien loan | $21.53M | $21.57M | -$41.0K | — | +8.50% | — |
Elysian Finco Ltd. | Human Resource Support Services | First-lien loan | $21.07M | $21.49M | -$422.0K | 9.35% | +5.65% | — |
Kryptona BidCo US, LLC | Internet Services | First-lien loan | $20.53M | $20.39M | $140.0K | 9.44% | +5.75% | — |
Apellis Pharmaceuticals, Inc. First-lien loan ($19,737 par, due 5/2030) Initial Acquisition Date 5/13/2024 Reference Rate and Spread SOFR + 5.75% Interest Rate 9.45% | Pharmaceuticals | First-lien loan ($19,737 par, due 5/2030) | $20.43M | $19.74M | $691.0K | 9.45% | +5.75% | — |
Bed Bath and Beyond Inc. Roll Up DIP term loan | Retail and Consumer Products | Roll Up DIP term loan ($25,255 par) | $20.02M | $25.25M | -$5.24M | 11.57% | +7.90% | — |
PDI TA Holdings, Inc. | Retail and Consumer Products | First-lien loan | $19.78M | $20.01M | -$235.0K | 9.67% | +6.00% | — |
American Achievement, Corp. | Retail and Consumer Products | First-lien loan | $19.63M | $25.80M | -$6.17M | 11.02% | +7.35% | — |
Artisan Bidco, Inc. | Business Services | First-lien loan | $19.63M | $18.38M | $1.24M | 9.03% | +7.00% | — |
Rail Acquisitions LLC | Transportation | Second-lien note | $19.52M | $19.14M | $377.0K | 13.75% | — | — |
HMP Omnimedia, LLC | Healthcare | First-lien loan | $19.45M | $19.26M | $186.0K | 8.92% | +5.25% | — |
Raptor US Buyer II Corp. | Healthcare | First-lien loan | $17.86M | $17.60M | $256.0K | 9.92% | +6.25% | — |
Severin Acquisition, LLC | Education | First-lien loan | $15.68M | $16.05M | -$366.0K | 8.42% | +4.75% | — |
Boréal Bidco | Other | First-lien note | $15.59M | $14.63M | $968.0K | 9.13% | +7.00% | — |
Varinem German BidCo GMBH | Manufacturing | First-lien loan | $14.74M | $13.70M | $1.03M | 7.63% | +5.50% | — |
Structured Credit Partners JV, LLC | — | Equity Investments | $14.66M | — | — | — | — | — |
Sediver S.p.A. | Other | First-lien note | $14.05M | $13.87M | $183.0K | 8.70% | — | — |
Investments Healthcare Merative Topco L.P. Class A-1 Units (989,691 units) Initial | Healthcare | Equity | $13.88M | $9.90M | $3.98M | — | — | — |
Elements Finco Limited | Business Services | First-lien loan | $13.87M | $13.19M | $672.0K | 9.23% | +5.50% | — |
Acosta | Retail and Consumer Products | First-lien loan | $13.48M | $13.61M | -$123.0K | 9.22% | +5.60% | — |
Erling Lux Bidco SARL | Chemicals | First-lien loan | $13.21M | $11.67M | $1.54M | 9.03% | +7.00% | — |
Elysium BidCo Limited First-lien loan (GBP 9,953 par, due 12/2030) Initial Acquisition Date 12/11/2024 Reference Rate and Spread S + 7.25% Interest Rate 10.98% | Pharmaceuticals | First-lien loan (GBP 9,953 par, due 12/2030) | $12.89M | $12.42M | $479.0K | 10.98% | +7.25% | — |
Omnigo Software, LLC | Other | First-lien loan | $12.79M | $13.02M | -$230.0K | 8.67% | +5.00% | — |
Investments Healthcare Caris Life Sciences, Inc. Common Shares (714,020 shares) Initial | Healthcare | Equity | $12.77M | $8.25M | $4.51M | — | — | — |
Investments Internet Services Bayshore Intermediate #2, L.P. Co-Invest Common Units (8,837,008 units) Initial | Internet Services | Equity | $12.53M | $8.84M | $3.69M | — | — | — |
Arcwood Environmental, Inc. | Manufacturing | First-lien loan | $12.13M | $12.08M | $49.0K | 8.92% | +5.25% | — |
Consumable Fuels TRP Assets, LLC Partnership Interest (1.89% ownership) Initial Acquisition Date 8/25/2022 | Oil, Gas | Equity | $11.92M | $8.93M | $2.99M | — | — | — |
Aledade Inc. | Healthcare | First-lien revolving loan | $11.72M | $11.94M | -$217.0K | 9.42% | +5.75% | — |
Khoros, LLC | Internet Services | First-lien loan | $11.60M | $11.68M | -$87.0K | 10.00% | — | — |
Investments Financial Services Newport Parent Holdings, L.P. Class A-2 Units (131,569 units) Initial | Financial Services | Equity | $11.03M | $4.18M | $6.85M | — | — | — |
Consumer Products Copper Bidco, LLC Trust Certificates (996,958 Certificates) Initial Acquisition Date 1/30/2021 | Retail | Equity | $10.77M | $1.08M | $9.68M | — | — | — |
USA DeBusk, LLC | Business Services | First-lien loan | $9.52M | $9.36M | $163.0K | 8.92% | +5.25% | — |
USR Parent, Inc. | Office Products | ABL FILO term loan | $9.26M | $9.24M | $21.0K | 10.17% | +6.50% | — |
Investments Marketing Services Validity, Inc. Series A Preferred Shares (3,840,000 shares) Initial | Marketing Services | Equity | $9.02M | $3.84M | $5.18M | — | — | — |
Rapid Data GmbH Unternehmensberatung | Retail and Consumer Products | First-lien loan | $8.53M | $8.14M | $391.0K | 8.52% | +6.50% | — |
BCTO Ace Purchaser, Inc. | Healthcare | Second-lien loan | $8.35M | $7.87M | $480.0K | — | +10.70% | — |
Sediver S.p.A. | Other | First-lien note | $7.31M | $6.73M | $576.0K | 7.13% | +5.00% | — |
Investments Internet Services Khoros, LLC Earnout Interests Initial | Internet Services | Equity | $7.18M | $7.61M | -$438.0K | — | — | — |
Investments Pharmaceuticals Elysium BidCo Limited Convertible Preference Shares (4,976,563 Shares) Initial | Pharmaceuticals | Equity | $6.89M | $6.34M | $550.0K | — | — | — |
LIHA Holdco B.V. | Healthcare | First-lien loan | $6.72M | $6.21M | $502.0K | 8.63% | +6.50% | — |
HireVue, Inc. | Human Resource Support Services | First-lien revolving loan | $6.33M | $6.85M | -$523.0K | 11.42% | +7.75% | — |
Varinem German BidCo GMBH | Manufacturing | First-lien loan | $5.96M | $5.64M | $316.0K | 6.88% | +4.75% | — |
Wrangler TopCo, LLC | Business Services | First-lien loan | $5.95M | $5.87M | $88.0K | 9.43% | +5.75% | — |
GreenShoot BidCo B.V | Financial Services | First-lien loan | $5.74M | $5.44M | $295.0K | 7.76% | +5.75% | — |
Kryptona BidCo US, LLC | Internet Services | First-lien loan | $5.48M | $4.97M | $509.0K | 8.06% | +5.75% | — |
Payroc Buyer, LLC | Financial Services | Promissory Note | $5.19M | $6.09M | -$898.0K | 5.50% | — | — |
Spread 14.50% Interest Rate 14.50% PIK | Transportation Ranger Parent I, Inc. Series A-1 Preferred Shares (5,639 Shares) Initial Acquisition Date 10/28/2025 Reference Rate | Equity | $5.10M | $5.36M | -$259.0K | 14.50% | — | — |
Ben Nevis Midco Limited | Transportation | First-lien loan | $4.99M | $4.97M | $21.0K | 9.17% | +5.50% | — |
Investments Internet Services Bayshore Intermediate #2, L.P. Co-Invest 2 Common Units (3,493,701 units) Initial | Internet Services | Equity | $4.95M | $3.49M | $1.46M | — | — | — |
Arlberg Bidco LLC | Financial Services | First-lien loan | $4.91M | $4.91M | $7.0K | 9.40% | +5.75% | — |
Structured Credit Investments Goldentree Loan Management US CLO Ltd | Structured Credit Investments | Series 2022 -16A Structured Credit ($5,000 par, due 1/2038) Initial Acquisition Date 9/16/2025 Reference Rate and Spread SOFR + 4.50% Interest Rate 8.17% | $4.84M | $4.97M | -$131.0K | 8.17% | +4.50% | — |
Bed Bath and Beyond Inc. | Retail and Consumer Products | ABL FILO term loan | $4.68M | $5.85M | -$1.17M | 13.57% | +9.90% | — |
Structured Credit Investments Madison Park Funding Ltd | Structured Credit Investments | Series 2025 -72A Structured Credit ($2,500 par, due 7/2038) Initial Acquisition Date 8/18/2025 Reference Rate and Spread SOFR + 5.25% Interest Rate 8.92% | $4.36M | $4.55M | -$191.0K | 8.92% | +5.25% | — |
Structured Credit Investments Lake George Park CLO Ltd | Structured Credit Investments | Series 2025 -1A Structured Credit ($4,500 par, due 4/2038) Initial Acquisition Date 8/27/2025 Reference Rate and Spread SOFR + 4.60% Interest Rate 8.27% | $4.36M | $4.50M | -$143.0K | 8.27% | +4.60% | — |
Structured Credit Investments Madison Park Funding Ltd | Structured Credit Investments | Series 2025 -65A Structured Credit ($4,400 par, due 7/2038) Initial Acquisition Date 8/19/2025 Reference Rate and Spread SOFR + 5.00% Interest Rate 8.67% | $4.22M | $4.41M | -$189.0K | 8.67% | +5.00% | — |
Artisan Bidco, Inc. | Business Services | First-lien revolving loan | $4.19M | $4.22M | -$32.0K | 10.66% | +7.00% | — |
Structured Credit Investments Riverbank Park CLO Ltd | Structured Credit Investments | Series 2024 -1A Structured Credit ($4,500 par, due 1/2038) Initial Acquisition Date 7/29/2025 Reference Rate and Spread SOFR + 4.80% Interest Rate 8.47% | $4.12M | $4.53M | -$407.0K | 8.47% | +4.80% | — |
Investments Human Resource Support Services Employment Hero Holdings Pty Ltd. Series E Preferred Shares (113,250 shares) Initial | Human Resource Support Services | Equity | $4.09M | $2.13M | $1.96M | — | — | — |
Volante Technologies, Inc. | Financial Services | First-lien loan | $3.96M | $3.75M | $205.0K | 16.50% | — | — |
Structured Credit Investments Apidos CLO, Series 2015-23A Investment Structured Credit ($4,000 par | Structured Credit Investments | due 4/2033) Initial Acquisition Date 9/3/2025 Reference Rate and Spread SOFR + 5.20% Interest Rate 8.87% | $3.93M | $4.01M | -$84.0K | 8.87% | +5.20% | — |
Structured Credit Investments Neuberger Berman CLO Ltd | Structured Credit Investments | Series 2017 -16SA Structured Credit ($4,000 par, due 4/2039) Initial Acquisition Date 7/28/2025 Reference Rate and Spread SOFR + 4.90% Interest Rate 8.57% | $3.86M | $4.01M | -$150.0K | 8.57% | +4.90% | — |
Structured Credit Investments CIFC Funding Ltd | Structured Credit Investments | Series 2020 -4A Structured Credit ($4,000 par, due 1/2040) Initial Acquisition Date 7/29/2025 Reference Rate and Spread SOFR + 4.90% Interest Rate 8.57% | $3.86M | $4.03M | -$170.0K | 8.57% | +4.90% | — |
Investments Financial Services AF Eagle Parent, L.P. Partnership Units (121,329 units) Initial | Financial Services | Equity | $3.81M | $4.09M | -$276.0K | — | — | — |
Arcwood Environmental, Inc. | Manufacturing | First-lien loan | $3.76M | $3.74M | $17.0K | 8.69% | +5.00% | — |
Structured Credit Investments Palmer Square CLO Ltd | Structured Credit Investments | Series 2021 -4 Structured Credit ($4,000 par, due 7/2038) Initial Acquisition Date 9/16/2025 Reference Rate and Spread SOFR + 5.75% Interest Rate 9.42% | $3.72M | $4.04M | -$314.0K | 9.42% | +5.75% | — |
Structured Credit Investments Oaktree CLO Ltd | Structured Credit Investments | Series 2022 -2A Structured Credit ($3,500 par, due 10/2037) Initial Acquisition Date 7/17/2025 Reference Rate and Spread SOFR + 6.40% Interest Rate 10.07% | $3.41M | $3.54M | -$130.0K | 10.07% | +6.40% | — |
Structured Credit Investments Diameter Capital CLO Ltd | Structured Credit Investments | Series 2025 -9A Structured Credit ($3,500 par, due 4/2038) Initial Acquisition Date 9/2/2025 Reference Rate and Spread SOFR + 4.70% Interest Rate 8.37% | $3.41M | $3.53M | -$123.0K | 8.37% | +4.70% | — |
Investments Human Resource Support Services bswift, LLC Class A-1 Units (2,393,509 units) Initial | Human Resource Support Services | Equity | $3.35M | $2.39M | $957.0K | — | — | — |
Investments Business Services Insight Hideaway Aggregator, L.P. Partnership Interest (329,861 units) Initial | Business Services | Equity | $3.33M | $3.30M | $32.0K | — | — | — |
Structured Credit Investments Ares CLO Ltd | Structured Credit Investments | Series 2024-72A Investment Structured Credit ($3,500 par, due 7/2036) Initial Acquisition Date 8/7/2025 Reference Rate and Spread SOFR + 6.00% Interest Rate 9.67% | $3.25M | $3.54M | -$290.0K | 9.67% | +6.00% | — |
Equinox Holdings, Inc. | Hotel, Gaming and Leisure | Second-lien loan | $3.20M | $2.83M | $377.0K | 16.00% | — | — |
Structured Credit Investments Carlyle US CLO Ltd | Structured Credit Investments | Series 2021 -1A Structured Credit ($3,225 par, due 1/2040) Initial Acquisition Date 8/7/2025 Reference Rate and Spread SOFR + 7.30% Interest Rate 10.97% | $3.13M | $3.32M | -$187.0K | 10.97% | +7.30% | — |
EMS Linq, Inc. | Education | First-lien revolving loan | $3.00M | $3.25M | -$257.0K | 10.02% | — | — |
Hippo XPA Bidco AB | Internet Services | First-lien loan | $2.97M | $2.79M | $181.0K | 8.88% | +6.75% | — |
Structured Credit Investments Goldentree Loan Management US CLO Ltd | Structured Credit Investments | Series 2023 -17A Structured Credit ($3,000 par, due 1/2039) Initial Acquisition Date 7/16/2025 Reference Rate and Spread SOFR + 5.40% Interest Rate 9.07% | $2.94M | $3.02M | -$79.0K | 9.07% | +5.40% | — |
Structured Credit Investments Octagon 67 Ltd | Structured Credit Investments | Series 2023 -1A Structured Credit ($3,000 par, due 7/2038) Initial Acquisition Date 9/4/2025 Reference Rate and Spread SOFR + 7.41% Interest Rate 11.08% | $2.90M | $3.10M | -$204.0K | 11.08% | +7.41% | — |
Structured Credit Investments CIFC Funding Ltd | Structured Credit Investments | Series 2022 -4A Structured Credit ($3,000 par, due 7/2035) Initial Acquisition Date 8/27/2025 Reference Rate and Spread SOFR + 5.25% Interest Rate 8.92% | $2.87M | $3.01M | -$135.0K | 8.92% | +5.25% | — |
Scorpio Bidco | Other | First-lien loan | $2.87M | $2.69M | $182.0K | 7.88% | +5.75% | — |
Bed Bath and Beyond Inc. Super-Priority DIP term loan | Retail and Consumer Products | Super-Priority DIP term loan ($3,575 par) | $2.83M | $3.58M | -$742.0K | 11.57% | +7.90% | — |
Structured Credit Investments Pikes Peak CLO Ltd | Structured Credit Investments | Series 2023 -14A Structured Credit ($3,000 par, due 7/2038) Initial Acquisition Date 7/30/2025 Reference Rate and Spread SOFR + 6.00% Interest Rate 9.67% | $2.83M | $3.07M | -$234.0K | 9.67% | +6.00% | — |
Structured Credit Investments CarVal CLO Ltd | Structured Credit Investments | Series 2023 -1A Structured Credit ($3,000 par, due 7/2037) Initial Acquisition Date 8/13/2025 Reference Rate and Spread SOFR + 6.35% Interest Rate 10.02% | $2.81M | $3.03M | -$225.0K | 10.02% | +6.35% | — |
Investments Internet Services Bigtincan Holdings L.P. Class A Units (2,902,890 Units) Initial | Internet Services | Equity | $2.79M | $3.02M | -$233.0K | — | — | — |
Investments Transportation RailTrac Holdings Inc. Warrants (3,059 warrants) Initial | Transportation | Equity | $2.72M | $2.72M | $0.00 | — | — | — |
Structured Credit Investments CIFC Funding Ltd | Structured Credit Investments | Series 2021 -7A Structured Credit ($2,800 par, due 1/2035) Initial Acquisition Date 9/8/2025 Reference Rate and Spread SOFR + 4.90% Interest Rate 8.57% | $2.68M | $2.81M | -$125.0K | 8.57% | +4.90% | — |
Investments Internet Services Piano Software, Inc. Series C-1 Preferred Shares (418,527 shares) Initial | Internet Services | Equity | $2.40M | $3.00M | -$600.0K | — | — | — |
Structured Credit Investments Carlyle US CLO Ltd | Structured Credit Investments | Series 2017 -2A Investment Structured Credit ($2,500 par, due 7/2037) Initial Acquisition Date 9/3/2025 Reference Rate and Spread SOFR + 7.56% Interest Rate 11.23% | $2.39M | $2.55M | -$152.0K | 11.23% | +7.56% | — |
Passport Labs, Inc. | Financial Services | Convertible Promissory Note A | $2.35M | $1.09M | $1.26M | 8.00% | — | — |
Investments Human Resource Support Services Axonify, Inc. Class A-1 Units (3,780,000 units) Initial | Human Resource Support Services | Equity | $2.33M | $3.78M | -$1.46M | — | — | — |
Structured Credit Investments Ares CLO Ltd | Structured Credit Investments | Series 2022-63A Investment Structured Credit ($2,500 par, due 10/2038) Initial Acquisition Date 8/7/2025 Reference Rate and Spread SOFR + 6.00% Interest Rate 9.67% | $2.33M | $2.52M | -$198.0K | 9.67% | +6.00% | — |
Investments Internet Services SMA Technologies Holdings, LLC Class A Units (1,584 units) Initial | Internet Services | Equity | $2.30M | $1.58M | $713.0K | — | — | — |
Elements Finco Limited | Business Services | First-lien loan | $2.25M | $2.27M | -$15.0K | 8.92% | +5.25% | — |
Structured Credit Investments Palmer Square CLO Ltd | Structured Credit Investments | Series 2025 -1A Structured Credit ($2,250 par, due 4/2038) Initial Acquisition Date 8/21/2025 Reference Rate and Spread SOFR + 4.50% Interest Rate 8.17% | $2.18M | $2.25M | -$73.0K | 8.17% | +4.50% | — |
Investments Healthcare Raptor US Buyer II Corp. Ordinary Shares (13,176 shares) Initial | Healthcare | Equity | $2.15M | $2.03M | $117.0K | — | — | — |
Investments Business Services Mitnick TA Aggregator, L.P. Membership Interest (0.43% ownership) Initial | Business Services | Equity | $2.09M | $5.25M | -$3.16M | — | — | — |
ASP Unifrax Holdings, Inc. | Manufacturing | First-lien loan | $2.00M | $3.60M | -$1.60M | 11.42% | +7.75% | — |
Structured Credit Investments Texas Debt Capital CLO Ltd | Structured Credit Investments | Series 2023 -1A Structured Credit ($2,000 par, due 7/2038) Initial Acquisition Date 8/12/2025 Reference Rate and Spread SOFR + 4.95% Interest Rate 8.62% | $1.97M | $2.02M | -$50.0K | 8.62% | +4.95% | — |
Structured Credit Investments Neuberger Berman Loan Advisers CLO Ltd | Structured Credit Investments | Series 2019 -33A Structured Credit ($2,000 par, due 4/2039) Initial Acquisition Date 9/9/2025 Reference Rate and Spread SOFR + 5.50% Interest Rate 9.17% | $1.96M | $2.03M | -$74.0K | 9.17% | +5.50% | — |
Structured Credit Investments Ares CLO Ltd | Structured Credit Investments | Series 2022-64A Investment Structured Credit ($2,000 par, due 10/2039) Initial Acquisition Date 9/4/2025 Reference Rate and Spread SOFR + 6.50% Interest Rate 10.17% | $1.91M | $2.04M | -$131.0K | 10.17% | +6.50% | — |
Structured Credit Investments CarVal CLO Ltd | Structured Credit Investments | Series 2021 -2A Investment Structured Credit ($2,000 par, due 10/2034) Initial Acquisition Date 9/9/2025 Reference Rate and Spread SOFR + 7.01% Interest Rate 10.68% | $1.85M | $2.01M | -$160.0K | 10.68% | +7.01% | — |
Elements Finco Limited | Business Services | First-lien loan | $1.82M | $1.84M | -$21.0K | 8.67% | +5.00% | — |
Investments Business Services Newark FP Co-Invest, L.P. Partnership (2,527,719 units) Initial | Business Services | Equity | $1.79M | $2.53M | -$740.0K | — | — | — |
Investments Human Resource Support Services DaySmart Holdings, LLC Class A Units (166,811 units) Initial | Human Resource Support Services | Equity | $1.75M | $1.35M | $400.0K | — | — | — |
Investments Business Services Sprinklr, Inc. Common Shares (283,499 shares) Initial | Business Services | Equity | $1.70M | $2.44M | -$744.0K | — | — | — |
Structured Credit Investments Benefit Street Partners CLO Ltd | Structured Credit Investments | Series 2025-39A Investment Structured Credit ($1,725 par, due 4/2038) Initial Acquisition Date 7/16/2025 Reference Rate and Spread SOFR + 4.50% Interest Rate 8.17% | $1.67M | $1.73M | -$55.0K | 8.17% | +4.50% | — |
Marcura Equities LTD | Transportation | First-lien revolving loan | $1.65M | $1.62M | $30.0K | 11.20% | +7.50% | — |
Investments Business Services Artisan Topco LP Class A Preferred Units (2,117,264 units) Initial | Business Services | Equity | $1.58M | $2.12M | -$534.0K | — | — | — |
PDI TA Holdings, Inc. | Retail and Consumer Products | First-lien revolving loan | $1.49M | $1.51M | -$20.0K | 9.17% | +5.50% | — |
Structured Credit Investments Whitebox CLO Ltd | Structured Credit Investments | Series 2023 -4A Structured Credit ($1,500 par, due 4/2036) Initial Acquisition Date 8/20/2025 Reference Rate and Spread SOFR + 6.48% Interest Rate 10.15% | $1.49M | $1.53M | -$37.0K | 10.15% | +6.48% | — |
Marcura Equities LTD | Transportation | First-lien loan | $1.47M | $1.39M | $73.0K | 11.98% | +8.25% | — |
Investments Communications Celtra Technologies, Inc. Class A Units (1,250,000 units) Initial | Communications | Equity | $1.39M | $1.25M | $137.0K | — | — | — |
Lynx BidCo | Business Services | First-lien loan | $1.38M | $1.44M | -$63.0K | 9.95% | +6.25% | — |
Structured Credit Investments Birch Grove CLO Ltd | Structured Credit Investments | Series 2025-14A Investment Structured Credit ($1,250 par, due 7/2037) Initial Acquisition Date 9/2/2025 Reference Rate and Spread SOFR + 6.65% Interest Rate 10.32% | $1.25M | $1.27M | -$18.0K | 10.32% | +6.65% | — |
Structured Credit Investments Oha Credit Funding Ltd | Structured Credit Investments | Series 2025 -22A Structured Credit ($1,250 par, due 7/2038) Initial Acquisition Date 7/24/2025 Reference Rate and Spread SOFR + 5.55% Interest Rate 9.22% | $1.23M | $1.27M | -$37.0K | 9.22% | +5.55% | — |
Investments Financial Services Passport Labs, Inc. Warrants (17,534 warrants) Initial | Financial Services | Equity | $1.22M | $192.0K | $1.03M | — | — | — |
TS Imagine, Inc. | Financial Services | First-lien revolving loan | $1.21M | $1.22M | -$10.0K | 11.50% | +4.75% | — |
Ibis Intermediate Co. | Financial Services | First-lien loan | $1.17M | $1.15M | $19.0K | 8.32% | +4.65% | — |
Structured Credit Investments Neuberger Berman CLO Ltd | Structured Credit Investments | Series 2015 -20A Structured Credit ($1,150 par, due 4/2039) Initial Acquisition Date 7/28/2025 Reference Rate and Spread SOFR + 4.75% Interest Rate 8.42% | $1.11M | $1.15M | -$38.0K | 8.42% | +4.75% | — |
Structured Credit Investments Canyon CLO Ltd | Structured Credit Investments | Series 2025 -1A Structured Credit ($1,125 par, due 4/2038) Initial Acquisition Date 7/28/2025 Reference Rate and Spread SOFR + 4.75% Interest Rate 8.42% | $1.09M | $1.12M | -$28.0K | 8.42% | +4.75% | — |
Price Fx Inc | Business Services | First-lien loan | $1.05M | $971.0K | $83.0K | 9.04% | +7.00% | — |
Price Fx Inc | Business Services | First-lien loan | $1.05M | $927.0K | $127.0K | 8.29% | +6.25% | — |
USA DeBusk, LLC | Business Services | First-lien revolving loan | $1.03M | $1.01M | $20.0K | 8.92% | +5.25% | — |
Structured Credit Investments RR Ltd | Structured Credit Investments | Series 2021 -19A Structured Credit ($1,000 par, due 4/2040) Initial Acquisition Date 7/17/2025 Reference Rate and Spread SOFR + 4.70% Interest Rate 8.37% | $980.0K | $999.0K | -$19.0K | 8.37% | +4.70% | — |
Elysian Finco Ltd. | Human Resource Support Services | First-lien revolving loan | $979.0K | $1.03M | -$49.0K | 8.23% | +4.50% | — |
Structured Credit Investments Regatta Funding Ltd | Structured Credit Investments | Series 2020 -1A Structured Credit ($1,000 par, due 10/2037) Initial Acquisition Date 7/17/2025 Reference Rate and Spread SOFR + 6.50% Interest Rate 10.17% | $964.0K | $1.02M | -$55.0K | 10.17% | +6.50% | — |
Structured Credit Investments Neuberger Berman Loan Advisers CLO Ltd | Structured Credit Investments | Series 2017 -24A Structured Credit ($1,000 par, due 10/2038) Initial Acquisition Date 8/25/2025 Reference Rate and Spread SOFR + 7.00% Interest Rate 10.67% | $961.0K | $1.02M | -$63.0K | 10.67% | +7.00% | — |
Structured Credit Investments Neuberger Berman Loan Advisers CLO Ltd | Structured Credit Investments | Series 2021 -44A Structured Credit ($1,000 par, due 10/2035) Initial Acquisition Date 8/15/2025 Reference Rate and Spread SOFR + 5.15% Interest Rate 8.82% | $956.0K | $1.01M | -$50.0K | 8.82% | +5.15% | — |
Eventus Buyer, LLC. | Healthcare | First-lien revolving loan | $922.0K | $893.0K | $29.0K | 9.17% | +5.50% | — |
Cirrus (BidCo) Limited | Real Estate | First-lien loan | $910.0K | $872.0K | $38.0K | 8.98% | +5.25% | — |
ExtraHop Networks, Inc | Business Services | First-lien revolving loan | $880.0K | $882.0K | -$2.0K | 10.27% | +6.60% | — |
AVSC Holding Corp. | Hotel, Gaming and Leisure | First-lien revolving loan | $846.0K | $799.0K | $47.0K | 8.67% | +5.00% | — |
Alaska Bidco Oy | Financial Services | First-lien loan | $843.0K | $764.0K | $79.0K | 7.84% | +5.75% | — |
Erling Lux Bidco SARL | Chemicals | First-lien revolving loan | $834.0K | $790.0K | $44.0K | 10.73% | +7.00% | — |
Bayshore Intermediate #2, L.P. | Internet Services | First-lien revolving loan | $829.0K | $888.0K | -$59.0K | 8.69% | +5.00% | — |
Investments Education EMS Linq, Inc. Class B Units (5,522,526 units) Initial | Education | Equity | $815.0K | $5.52M | -$4.71M | — | — | — |
Erling Lux Bidco SARL | Chemicals | First-lien loan | $759.0K | $712.0K | $47.0K | 11.11% | +7.00% | — |
Investments Financial Services TS Imagine, Inc. Class A Units (600,000 units) Initial | Financial Services | Equity | $611.0K | $600.0K | $11.0K | — | — | — |
Investments Business Services Warrior TopCo LP Class A Units (423,729 units) Initial | Business Services | Equity | $598.0K | $424.0K | $174.0K | — | — | — |
Velocity Clinical Research, Inc. | Healthcare | First-lien revolving loan | $481.0K | $471.0K | $10.0K | 11.20% | +7.50% | — |
Severin Acquisition, LLC | Education | First-lien revolving loan | $466.0K | $489.0K | -$23.0K | 8.18% | +4.50% | — |
Investments Internet Services Lucidworks, Inc. Series F Preferred Shares (199,054 shares) Initial | Internet Services | Equity | $454.0K | $800.0K | -$346.0K | — | — | — |
Symplr Software Inc. | Healthcare | First-lien loan | $443.0K | $559.0K | -$116.0K | 8.27% | +4.60% | — |
Hippo XPA Bidco AB | Internet Services | First-lien loan | $398.0K | $385.0K | $13.0K | 8.44% | +6.25% | — |
Rapid Data GmbH Unternehmensberatung | Retail and Consumer Products | First-lien revolving loan | $364.0K | $374.0K | -$10.0K | 8.52% | +6.50% | — |
LIHA Holdco B.V. | Healthcare | First-lien revolving loan | $361.0K | $363.0K | -$2.0K | 8.63% | +6.50% | — |
Investments Business Services Dye & Durham, Ltd. Common Shares (126,968 shares) Initial | Business Services | Equity | $356.0K | $3.91M | -$3.55M | — | — | — |
Investments Internet Services Piano Software, Inc. Series C-2 Preferred Shares (27,588 shares) Initial | Internet Services | Equity | $316.0K | $198.0K | $118.0K | — | — | — |
Investments Transportation Ranger Parent I, Inc. Warrants (3,841 warrants) Initial | Transportation | Equity | $312.0K | $312.0K | $0.00 | — | — | — |
Sport Alliance GmbH. | Hotel, Gaming and Leisure | First-lien loan | $238.0K | $213.0K | $25.0K | 9.38% | +7.25% | — |
Investments Communications IntelePeer Holdings, Inc. Series D Preferred Shares (1,598,874 shares) Initial | Communications | Equity | $154.0K | $2.92M | -$2.77M | — | — | — |
Investments Communications IntelePeer Holdings, Inc. Series C Preferred Shares (1,816,295 shares) Initial | Communications | Equity | $141.0K | $1.82M | -$1.68M | — | — | — |
Mitnick Corporate Purchaser, Inc | Business Services | First-lien loan | $139.0K | $322.0K | -$183.0K | 8.52% | +4.85% | — |
Leisure IRGSE Holding Corp. Class A Units (50,140,171 units) Initial Acquisition Date 12/21/2018 | Hotel, Gaming | Equity | $125.0K | $21.88M | -$21.76M | — | — | — |
ASP Unifrax Holdings, Inc. | Manufacturing | Second-lien note | $122.0K | $1.53M | -$1.41M | 7.10% | — | — |
American Achievement, Corp. | Retail and Consumer Products | First-lien loan | $99.0K | $1.32M | -$1.22M | 18.77% | +15.10% | — |
Investments Internet Services SMA Technologies Holdings, LLC Class B Units (1,124,813 units) Initial | Internet Services | Equity | $99.0K | $68.0K | $31.0K | — | — | — |
Raptor US Buyer II Corp. | Healthcare | First-lien revolving loan | $80.0K | $76.0K | $4.0K | 9.92% | +6.25% | — |
GreenShoot BidCo B.V | Financial Services | First-lien revolving loan | $79.0K | $79.0K | $0.00 | 7.76% | +5.75% | — |
Consumer Products Neuintel, LLC Class A Units (1,176,494 units) Initial Acquisition Date 12/20/2021 | Retail | Equity | $60.0K | $3.00M | -$2.94M | — | — | — |
American Achievement, Corp. | Retail and Consumer Products | Subordinated note | $59.0K | $545.0K | -$486.0K | 4.81% | +1.15% | — |
Consumer Products American Achievement, Corp. Class A Units (687 units) Initial Acquisition Date 3/16/2021 | Retail | Equity | $50.0K | — | — | — | — | — |
Spread 20.00% Interest Rate 20.00% | Financial Services TS Imagine, Inc. Class AA Units (19,093 units) Initial Acquisition Date 11/1/2024 Reference Rate | Equity | $45.0K | $46.0K | -$1.0K | 20.00% | — | — |
Leisure IRGSE Holding Corp. Class C-1 Units (8,800,000 units) Initial Acquisition Date 12/21/2018 | Hotel, Gaming | Equity | $43.0K | $100.0K | -$57.0K | — | — | — |
Investments Financial Services Oxford Square Capital Corp. Common Shares (1,620 shares) Initial | Financial Services | Equity | $3.0K | $6.0K | -$3.0K | — | — | — |
Investments Pharmaceuticals TherapeuticsMD, Inc. Warrants (14,256 warrants) Initial | Pharmaceuticals | Equity | $0.00 | $1.03M | -$1.03M | — | — | — |
Consumable Fuels Murchison Oil | Oil, Gas | Gas, LLC Preferred Units (13,355 units) Initial Acquisition Date 6/30/2022 | — | — | — | — | — | — |
Investments Communications IntelePeer Holdings, Inc. Series D Warrants (106,592 warrants) Initial | Communications | Equity | — | — | — | — | — | — |
Disclosed holdings FV
$3.31B
Parsed holdings FV
$3.37B
Residual gap
-$58.51M
Balance-sheet cash
$29.18M
CIK
0001508655
Accession
0001193125-26-206313
Form type
10-Q
Period
2026-03-31