BDCinfo / PNNT /10-Q · 2025-12-31

PNNT · 10-Q

2025-12-31 View source on SEC.gov →
PennantPark Investment · filed 2026-02-09
Total Fair Value
$1.35B
436 holdings
Unrealized P/L
+$235.20M
+21.09% vs cost
W. Avg Spread
+6.55%
debt, FV-weighted
W. Avg Coupon
10.55%
debt, FV-weighted
% First Lien
25.6%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$1.35B
Total Fair Value
  • Financial Services37.9%
  • US Government Securities - 45.8% of Net Assets15.5%
  • Unclassified12.4%
  • Healthcare, Education and Childcare8.5%
  • Business Services7.1%
  • Subordinate Debt/Corporate Notes - 9.3% of Net Assets3.1%
  • Aerospace and Defense2.8%
  • Media2.5%
  • Gaming1.3%
  • Transportation1.1%
  • Other industries7.6%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
436 of 436
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
Investments in Non-Controlled, Non-Affiliated Portfolio Companies US Government Securities of Net Assets Issuer Name U.S. Treasury Bill Acquisition 01/02/2026 Maturity 01/27/2026 Industry Short-Term U.S. Government Securities Current Coupon 3.98%
US Government Securities - 45.8% of Net Assets
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$209.49M
$209.56M
-$70.0K
3.98%
PennantPark Senior Loan Fund, LLC
Financial Services
Equity Securities - 6.6% of Net Assets
$200.05M
PennantPark Senior Loan Fund, LLC
Financial Services
Subordinated Debt
$140.29M
$140.29M
$0.00
11.84%+8.00%
PennantPark Senior Loan Fund, LLC
Financial Services
Common Equity
$59.77M
$82.36M
-$22.59M
Flock Financial, LLC
Financial Services
Equity Securities - 6.6% of Net Assets
$53.85M
AKW Holdings Limited
Healthcare, Education and Childcare
Common Equity - Class A
$44.74M
$132.0K
$44.60M
Beacon Behavioral Support Services, LLC
Healthcare, Education and Childcare
First Lien Secured Debt
$24.55M
$24.26M
$283.0K
9.17%+5.50%
Flock Financial, LLC
Financial Services
Subordinated Debt
$23.03M
$23.03M
$0.00
12.50%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes of Net Assets Issuer Name United Land Services Intermediate Parent Holdings, LLC Acquisition 07/12/2024 Maturity 12/23/2026 Industry Environmental Services Current Coupon PIK 14.75%
Subordinate Debt/Corporate Notes - 9.3% of Net Assets
Second Lien Secured Debt - 4.0% of Net Assets
$21.34M
$21.07M
$265.0K
Flock Financial Class A
Financial Services
Preferred Equity
$19.11M
$7.31M
$11.80M
Route 66 Development
Gaming
First Lien Secured Debt
$17.91M
$17.66M
$251.0K
12.72%+9.00%
Systems Planning And Analysis, Inc.
Aerospace and Defense
First Lien Secured Debt
$16.83M
$16.79M
$42.0K
8.42%+4.75%
Shiftkey, LLC
Business Services
First Lien Secured Debt
$15.93M
$16.51M
-$575.0K
9.68%+6.01%
Beta Plus Technologies, Inc.
Business Services
First Lien Secured Debt
$14.37M
$14.35M
$22.0K
9.42%+5.75%
Amsive Holdings Corporation
Media
First Lien Secured Debt
$13.63M
$13.72M
-$86.0K
9.92%+6.25%
Infolinks Media Buyco, LLC
Media
First Lien Secured Debt
$12.65M
$13.01M
-$360.0K
9.42%+5.75%
HEC Purchaser Corp.
Healthcare, Education and Childcare
First Lien Secured Debt
$12.60M
$12.53M
$69.0K
8.87%+5.00%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes of Net Assets Issuer Name Northwinds Topco, Inc. Acquisition 08/16/2024 Maturity 10/30/2029 Industry Consumer Services Current Coupon PIK 15.00%
Subordinate Debt/Corporate Notes - 9.3% of Net Assets
Second Lien Secured Debt - 4.0% of Net Assets
$12.30M
$12.27M
$24.0K
Flock Financial Class B
Financial Services
Preferred Equity
$11.71M
$19.32M
-$7.61M
TPC US Parent, LLC
Food
First Lien Secured Debt
$11.23M
$11.24M
-$5.0K
9.89%+5.90%
First Lien First Lien Secured Debt Issuer Name Kinetic Purchaser, LLC Acquisition 07/24/23 Maturity 11/10/27 Industry Consumer Products Current Coupon 9.82% Basis Point Spread Above Index SOFR+615
First Lien Secured Debt - 1,258.% of Net Assets
$11.13M
$13.60M
-$2.47M
9.82%+6.15%
Tyto Athene, LLC
Aerospace and Defense
First Lien Secured Debt
$10.89M
$11.28M
-$392.0K
8.88%+4.90%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Cartessa Aesthetics, LLC Acquisition 06/01/2022 Industry Distribution
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$10.69M
$3.56M
$7.13M
Beta Plus Technologies, Inc.
Business Services
First Lien Secured Debt
$10.51M
$10.49M
$22.0K
9.42%+5.75%
Municipal Emergency Services, Inc.
Distribution
First Lien Secured Debt
$9.55M
$9.50M
$54.0K
8.42%+4.75%
Team Services Group, LLC
Healthcare, Education and Childcare
First Lien Secured Debt
$9.52M
$9.43M
$96.0K
9.09%+5.25%
Pragmatic Institute, LLC
Business Services
First Lien Secured Debt
$9.31M
$14.97M
-$5.65M
Pragmatic Institute, LLC
Business Services
Equity Securities - 6.6% of Net Assets
$9.31M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Municipal Emergency Services, Inc. Acquisition 09/28/2021 Industry Distribution
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$9.02M
$3.98M
$5.03M
One Stop Mailing, LLC
Transportation
First Lien Secured Debt
$8.23M
$8.16M
$66.0K
10.08%+6.36%
MAG DS Corp.
Aerospace and Defense
First Lien Secured Debt
$8.11M
$7.95M
$157.0K
9.27%+5.60%
of Net Assets Issuer Name
Current Coupon 12.94%
Second Lien Secured Debt
$8.00M
$7.76M
$242.0K
12.94%+9.10%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Athletico Holdings, LLC Acquisition 02/04/2022 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$7.09M
$10.00M
-$2.91M
Alpine
Containers, Packaging and Glass
First Lien Secured Debt
$6.97M
$15.03M
-$8.06M
EvAL Home Care Solutions Intermediate, LLC
Healthcare, Education and Childcare
First Lien Secured Debt
$6.88M
$6.80M
$80.0K
9.47%+5.75%
Paving Lessor Corp. First Lien -Term Loan
Commercial Services and Supplies
First Lien Secured Debt
$6.88M
$6.86M
$17.0K
8.94%+5.25%
of Net Assets Issuer Name ENC Parent Corporation
Business Services
Second Lien Secured Debt
$6.83M
$7.46M
-$630.0K
11.43%+7.76%
Global Holdings InterCo, LLC
Banking, Finance, Insurance & Real Estate
First Lien Secured Debt
$6.29M
$6.29M
$3.0K
9.33%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name PennantPark-TSO Senior Loan Fund II, LP Acquisition 01/07/2022 Industry Financial Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$6.27M
$8.12M
-$1.85M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes of Net Assets Issuer Name Beacon Behavioral Holdings, LLC Acquisition 06/21/2024 Maturity 06/21/2030 Industry Healthcare, Education and Childcare Current Coupon PIK 15.00%
Subordinate Debt/Corporate Notes - 9.3% of Net Assets
Second Lien Secured Debt - 4.0% of Net Assets
$6.18M
$6.12M
$60.0K
Dynata, LLC
Business Services
First Lien Secured Debt - Last Out Term Loan
$5.85M
$9.65M
-$3.80M
9.64%+5.76%
Hancock Roofing And Construction, LLC
Insurance
First Lien Secured Debt
$5.73M
$6.03M
-$302.0K
9.27%+5.60%
DRI Holding Inc.
Media
First Lien Secured Debt
$5.64M
$5.45M
$190.0K
9.07%+5.35%
Capital Construction, LLC
Consumer Services
First Lien Secured Debt
$5.53M
$5.57M
-$42.0K
9.89%+5.90%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name WCP Ivyrehab QP CF Feeder, LP Acquisition 06/27/2022 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$5.30M
$3.85M
$1.45M
Burgess Point Purchaser Corporation
Auto Sector
First Lien Secured Debt
$5.21M
$5.92M
-$716.0K
9.19%+5.35%
NP Riverhead Industrial, LLC
Buildings and Real Estate
First Lien Secured Debt
$5.04M
$5.00M
$34.0K
15.50%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name A1 Garage Equity, LLC Acquisition 12/19/2022 Industry Personal, Food and Miscellaneous Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$4.95M
$2.19M
$2.76M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name GMP Hills, LP Acquisition 11/02/2023 Industry Distribution
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$4.76M
$3.75M
$1.01M
AKW Holdings Limited
Healthcare, Education and Childcare
Common Equity - Class D
$4.56M
$3.35M
$1.21M
Wash & Wax Systems, LLC
Business Services
Subordinated Debt - Subordinate Debt
$4.41M
$4.41M
$0.00
12.00%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name ITC Infusion Co-invest, LP Acquisition 02/16/2022 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$4.19M
$1.72M
$2.47M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Quad (U.S.) Co-Invest, LP Acquisition 10/03/2022 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$4.16M
$2.61M
$1.55M
Berwick Industrial Park
Buildings and Real Estate
First Lien Secured Debt
$3.98M
$4.02M
-$36.0K
13.00%
STG Distribution, LLC
Transportation
First Lien Secured Debt - First Out New Money Term Loans
$3.70M
$4.16M
-$454.0K
PN Buyer, Inc.
Financial Services
First Lien Secured Debt
$3.54M
$3.54M
$0.00
8.17%+4.50%
Mineola 212, LLC
Buildings and Real Estate
First Lien Secured Debt
$3.53M
$3.50M
$25.0K
14.00%
Securities Issuer Name Wash & Wax Group, LP
Business Services
Equity - Common Equity - Common Equity
$3.50M
$5.00M
-$1.50M
of Net Assets Issuer Name TEAM Services Group, LLC
Healthcare, Education and Childcare
Second Lien Secured Debt
$3.41M
$3.43M
-$15.0K
13.10%+9.26%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name AMCSI Crash Co-Invest, LP Acquisition 07/28/2022 Industry Auto Sector
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$3.33M
$2.49M
$835.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name FedHC InvestCo II, LP Acquisition 12/23/2021 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$3.13M
$2.30M
$825.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name MDI Aggregator, LP Acquisition 07/19/2022 Industry Chemicals, Plastics and Rubber
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$3.12M
$3.23M
-$111.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Aechelon InvestCo, LP Acquisition 08/16/2024 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$2.93M
$1.07M
$1.86M
ENC Parent Corporation
Business Services
First Lien Secured Debt
$2.87M
$3.07M
-$202.0K
8.18%+4.51%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Aftermarket Drivetrain Products Holdings, LLC Acquisition 12/29/2023 Industry Machinery
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$2.82M
$1.65M
$1.18M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name New Medina Health, LLC Acquisition 10/16/2023 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$2.81M
$1.43M
$1.39M
Seaway Buyer, LLC
Chemicals, Plastics and Rubber
First Lien Secured Debt - Funded Revolver
$2.79M
$2.92M
-$131.0K
9.82%+6.15%
Kinetic Purchaser, LLC
Consumer Products
First Lien Secured Debt - Funded Revolver
$2.49M
$3.07M
-$576.0K
9.82%+6.15%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Lorient Peregrine Investments, LP Acquisition 11/18/2022 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$2.48M
$4.53M
-$2.05M
Investments in Non-Controlled
Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Cowboy Parent LLC Acquisition 09/12/2018 Industry Distribution
$2.42M
$3.02M
-$594.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name SSC Dominion Holdings, LLC Acquisition 07/11/2018 Industry Electronics
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$2.42M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Infogroup Parent Holdings, Inc. Acquisition 05/31/2023 Industry Other Media
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$2.42M
$2.04M
$379.0K
Blackhawk Industrial Distribution, Inc.
Distribution
First Lien Secured Debt - Funded Revolver
$2.38M
$2.43M
-$48.0K
9.07%+5.40%
LAV Gear Holdings, Inc.
Leisure, Amusement, Motion Pictures, Entertainment
First Lien Secured Debt - Takeback TL
$2.31M
$2.31M
$0.00
9.65%+5.94%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Tinicum Space Coast Co-Invest, LLC Acquisition 10/29/2024 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$2.28M
$2.13M
$152.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name FedHC InvestCo, LP Acquisition 08/26/2021 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$2.11M
$545.0K
$1.57M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Delta InvestCo, LP Acquisition 12/16/2020 Industry Telecommunications
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.94M
$866.0K
$1.08M
RRA Corporate, LLC
Business Services
First Lien Secured Debt - Funded Revolver
$1.94M
$2.00M
-$62.0K
8.92%+5.25%
Confluent Health, LLC
Healthcare, Education and Childcare
First Lien Secured Debt
$1.93M
$1.95M
-$19.0K
11.22%+7.50%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Marketplace Events Holdings, LP Acquisition 12/19/2024 Industry Media
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.90M
$1.46M
$436.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Northwinds Services Group, LLC Acquisition 08/16/2024 Industry Consumer Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.89M
$1.68M
$211.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Gauge Lash Coinvest, LLC Acquisition 12/04/2019 Industry Consumer Products
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.88M
$951.0K
$931.0K
Inovex Information Systems Incorporated
Business Services
First Lien Secured Debt - Funded Revolver
$1.83M
$1.83M
$0.00
11.25%+4.25%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name EDS Topco, LP Acquisition 12/19/2022 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.83M
$938.0K
$889.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Kentucky Racing Holdco, LLC (Warrants) Acquisition 04/16/2019 Industry Hotels, Motels, Inns and Gaming
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.75M
Cascade Environmental Holdings, LLC
Equity Securities - 6.6% of Net Assets
$1.75M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Cascade Environmental Holdings, LLC Acquisition 02/19/2025 Industry Environmental Services
Preferred Equity/Partnership Interests - 0.4% of Net Assets
$1.75M
$918.0K
$833.0K
System Planning and Analysis, Inc.
Aerospace and Defense
First Lien Secured Debt - Funded Revolver
$1.74M
$1.75M
-$6.0K
11.00%+3.75%
STG Distribution, LLC
Transportation
First Lien Secured Debt - First Out New Money Term Loans
$1.70M
$1.91M
-$209.0K
C5MI Acquisition, LLC
Business Services
First Lien Secured Debt - Funded Revolver
$1.65M
$1.65M
$0.00
9.70%+6.00%
AKW Holdings Limited
Healthcare, Education and Childcare
Common Equity - Class E
$1.63M
$1.20M
$433.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name GGG MIDCO, LLC Acquisition 09/27/2024 Industry Home and Office Furnishings, Housewares and Durable Consumer Products
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.62M
$1.22M
$400.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name OceanSound Discovery Equity, LP Acquisition 03/28/2024 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.62M
$1.20M
$416.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name IHS Parent Holdings, LP Acquisition 12/21/2022 Industry Personal, Food and Miscellaneous Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.61M
$1.22M
$390.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name GCP Boss Holdco, LLC Acquisition 12/27/2024 Industry Conglomerate Manufacturing
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.57M
$1.04M
$523.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name OSP PAR Holdings, LP Acquisition 09/03/2024 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.57M
$1.81M
-$246.0K
Dynata, LLC
Business Services
First Lien Secured Debt - First Out Term Loan
$1.55M
$1.49M
$64.0K
9.14%+5.76%
MDI Buyer, Inc.
Chemicals, Plastics and Rubber
First Lien Secured Debt - Funded Revolver
$1.55M
$1.55M
$0.00
10.25%+3.50%
Securities Issuer Name New Insight Holdings, Inc.
Business Services
Equity - Common Equity
$1.53M
$2.35M
-$821.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name RTIC Parent Holdings, LLC
Class C Acquisition 05/03/2024 Industry Consumer Products
$1.50M
$700.0K
$797.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes of Net Assets Issuer Name StoicLane, Inc.
Subordinate Debt/Corporate Notes - 9.3% of Net Assets
Convertible Notes Acquisition 08/15/2024 Maturity 08/16/2027 Industry Healthcare, Education and Childcare Current Coupon 12.00%
$1.44M
$1.22M
$214.0K
12.00%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name LJ Avalon, LP Acquisition 01/18/2023 Industry Environmental Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.43M
$851.0K
$579.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Watchtower Holdings, LLC Acquisition 11/29/2023 Industry Electronics
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.40M
$1.24M
$162.0K
Ledge Lounger, Inc.
Consumer Products
First Lien Secured Debt - Funded Revolver
$1.38M
$1.72M
-$336.0K
11.32%+7.65%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name ACP Big Top Holdings, LP Acquisition 02/29/2024 Industry Manufacturing/Basic Industry
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.36M
$744.0K
$612.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name BioDerm Holdings, LP Acquisition 01/30/2023 Industry Healthcare, Education and Childcare
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$1.31M
$1.31M
$1.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Paving Parent, LLC Acquisition 07/01/2025 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.31M
$1.17M
$143.0K
Archer Lewis, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Funded Revolver
$1.30M
$1.30M
$0.00
9.42%+5.75%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Ironclad Holdco, LLC (Applied Technical Services, LLC) Acquisition 12/23/2020 Industry Environmental Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.30M
$525.0K
$778.0K
Ro Health, LLC
Healthcare Providers & Services
First Lien Secured Debt - Funded Revolver
$1.26M
$1.26M
$0.00
8.17%+4.50%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) Acquisition 05/21/2019 Industry Media
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$1.24M
$1.14M
$102.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name RFMG Parent, LP Acquisition 12/16/2020 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.23M
$1.05M
$180.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Carnegie Holdco, LLC Acquisition 02/07/2024 Industry Education
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.21M
$1.60M
-$393.0K
The Vertex Companies, LLC
Business Services
First Lien Secured Debt - Funded Revolver
$1.18M
$1.19M
-$8.0K
8.87%+5.10%
NORA Acquisition, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Funded Revolver
$1.18M
$1.22M
-$36.0K
10.02%+6.35%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Lightspeed Investment Holdco, LLC Acquisition 01/21/2020 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.15M
$273.0K
$877.0K
Pink Lily Holdco, LLC
Retail
First Lien Secured Debt
$1.11M
$8.70M
-$7.58M
4.27%
Omnia Exterior Solutions, LLC
Diversified Conglomerate Service
First Lien Secured Debt - Funded Revolver
$1.11M
$1.12M
-$14.0K
8.97%+5.25%
Case Works, LLC
Business Services
First Lien Secured Debt - Funded Revolver
$1.08M
$1.09M
-$19.0K
8.94%+5.25%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Magnolia Topco, LP
Class A-1 Acquisition 07/25/2023 Industry Auto Sector
$1.06M
$530.0K
$530.0K
BioDerm, Inc.
Healthcare, Education and Childcare
First Lien Secured Debt - Funded Revolver
$1.06M
$1.07M
-$13.0K
10.36%+6.50%
Watchtower Buyer, LLC.
Electronics
First Lien Secured Debt - Funded Revolver
$1.05M
$1.05M
-$1.0K
9.69%+6.00%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name C5MI Holdco, LLC Acquisition 07/31/2024 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.05M
$754.0K
$294.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Imagine Topco
LP Preferred Acquisition 11/04/2021 Industry Business Services Current Coupon 8.00%
$1.04M
$744.0K
$300.0K
LAV Gear Holdings, Inc.
Leisure, Amusement, Motion Pictures, Entertainment
First Lien Secured Debt - Incremental Term Loan
$1.03M
$1.03M
$0.00
+5.95%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name OES Co-Invest, LP
Class A Acquisition 05/31/2024 Industry Diversified Conglomerate Service
$1.02M
$851.0K
$165.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name NFS - CFP Holdings, LLC Acquisition 09/13/2024 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.01M
$663.0K
$345.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Sabel InvestCo, LP Acquisition 10/31/2024 Industry Government Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.00M
$830.0K
$173.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name OSP Embedded Aggregator, LP Acquisition 12/11/2023 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$997.0K
$871.0K
$126.0K
Halo Buyer, Inc.
Consumer Products
First Lien Secured Debt - Funded Revolver
$967.0K
$967.0K
$0.00
9.72%+6.00%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Seaway Topco, LP Acquisition 06/08/2022 Industry Chemicals, Plastics and Rubber
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$899.0K
$2.98M
-$2.08M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Icon Partners V C, LP Acquisition 12/20/2021 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$894.0K
$1.20M
-$307.0K
LAV Gear Holdings, Inc.
Leisure, Amusement, Motion Pictures, Entertainment
First Lien Secured Debt - Priority TL
$891.0K
$725.0K
$166.0K
9.65%+5.94%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes of Net Assets Issuer Name Wash & Wax Systems, LLC Acquisition 10/20/2021 Maturity 07/30/2028 Industry Auto Sector Current Coupon PIK 12.00%
Subordinate Debt/Corporate Notes - 9.3% of Net Assets
Second Lien Secured Debt - 4.0% of Net Assets
$837.0K
$837.0K
$0.00
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Burgess Point Holdings, LP Acquisition 07/21/2022 Industry Auto Sector
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$824.0K
$777.0K
$47.0K
CJX Borrower, LLC
Media
First Lien Secured Debt - Funded Revolver
$818.0K
$818.0K
$0.00
9.70%+5.76%
TCG 3.0 Jogger Acquisitionco, Inc.
Media
First Lien Secured Debt - Funded Revolver
$816.0K
$828.0K
-$12.0K
12.75%+5.50%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Penta Group Holdings, Inc. Acquisition 07/31/2025 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$789.0K
$813.0K
-$24.0K
Radius Aerospace, Inc.
Aerospace and Defense
First Lien Secured Debt - Funded Revolver
$765.0K
$781.0K
-$16.0K
9.82%+6.15%
AKW Holdings Limited
Healthcare, Education and Childcare
Common Equity - Class C
$757.0K
$146.0K
$611.0K
STG Distribution, LLC
Transportation
First Lien Secured Debt - Second Out Term Loans
$755.0K
$5.65M
-$4.90M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name United Land Services Holdings, LLC Acquisition 07/12/2024 Industry Environmental Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$750.0K
$600.0K
$150.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name TCG 3.0 Jogger Co-Invest, LP Acquisition 01/22/2024 Industry Media
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$727.0K
$1.25M
-$525.0K
Hancock Roofing and Construction, LLC
Insurance
First Lien Secured Debt
$713.0K
$750.0K
-$37.0K
9.32%+5.60%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Rosco Topco, LLC Acquisition 09/09/2025 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$694.0K
$701.0K
-$7.0K
Marketplace Events Acquisition, LLC
Media
First Lien Secured Debt - Funded Revolver
$692.0K
$692.0K
$0.00
8.99%+5.25%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name AFC Acquisitions, Inc. (F-2 Series) Acquisition 12/07/2023 Industry Distribution
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$686.0K
$749.0K
-$63.0K
Seacoast Service Partners NA, LLC
Diversified Conglomerate Service
First Lien Secured Debt - Funded Revolver
$685.0K
$718.0K
-$33.0K
8.92%+5.25%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name GCOM InvestCo, LP Acquisition 05/11/2021 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$650.0K
$1.00M
-$353.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Gauge Loving Tan, LP Acquisition 05/25/2023 Industry Consumer Products
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$645.0K
$544.0K
$101.0K
Investments in Non-Controlled
Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Wash & Wax Systems. LLC Acquisition 04/30/2025 Industry Auto Sector
$643.0K
$917.0K
-$274.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Events Buyer, LLC Acquisition 12/17/2024 Industry Event Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$643.0K
$536.0K
$107.0K
AKW Holdings Limited
Healthcare, Education and Childcare
Common Equity - Class B
$640.0K
$124.0K
$516.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Exigo, LLC Acquisition 03/10/2022 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$609.0K
$1.46M
-$849.0K
Puget Collision, LLC
Auto Sector
First Lien Secured Debt - Funded Revolver
$605.0K
$609.0K
-$4.0K
8.42%+4.75%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Megawatt Acquisition Partners, LLC
Class A Acquisition 06/28/2024 Industry Electronics
$601.0K
$535.0K
$66.0K
Harris & Co, LLC
Financial Services
First Lien Secured Debt - Funded Revolver
$596.0K
$601.0K
-$5.0K
8.72%+5.00%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Tinicum Space Coast Holdings, LLC Acquisition 12/06/2023 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$596.0K
$199.0K
$397.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name SP DXE Holdings, LLC Acquisition 10/01/2025 Industry Electronics
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$581.0K
$554.0K
$27.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name APT Holdings, LLC Acquisition 09/29/2025 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$567.0K
$519.0K
$48.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Consello Pacific Aggregator, LLC Acquisition 10/02/2023 Industry Business Services
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$540.0K
$743.0K
-$203.0K
North American Rail Solutions, LLC
Manufacturing/Basic Industry
First Lien Secured Debt - Funded Revolver
$540.0K
$543.0K
-$3.0K
8.47%+4.75%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name KL Stockton Co-Invest, LP Acquisition 07/16/2021 Industry Personal, Food and Miscellaneous Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$539.0K
$386.0K
$153.0K
Recteq, LLC
Consumer Products
First Lien Secured Debt - Funded Revolver
$507.0K
$507.0K
$0.00
9.84%+6.25%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name TAC LifePort Holdings, LLC Acquisition 02/24/2021 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$493.0K
$239.0K
$254.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Gauge APHIX Blocker, LLC Acquisition 07/16/2025 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$470.0K
$490.0K
-$20.0K
MES Intermediate, Inc.
Distribution
First Lien Secured Debt - Funded Revolver
$470.0K
$470.0K
$0.00
11.50%+4.00%
Azureon, LLC
Diversified Conglomerate Service
First Lien Secured Debt - Funded Revolver
$465.0K
$485.0K
-$20.0K
9.44%+5.00%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name PCS Parent, LP Acquisition 03/01/2024 Industry Financial Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$463.0K
$421.0K
$42.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name First Medical Holdings, LLC Acquisition 06/13/2025 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$462.0K
$450.0K
$12.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name OHCP V BC COI, LP Acquisition 12/13/2021 Industry Distribution
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$438.0K
$707.0K
-$269.0K
Rural Sourcing Holdings, Inc.
Business Services
First Lien Secured Debt - Funded Revolver
$438.0K
$487.0K
-$49.0K
9.42%+5.75%
Wash & Wax Systems, LLC
Auto Sector
First Lien Secured Debt - Funded Revolver
$419.0K
$419.0K
$0.00
9.19%+5.50%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name North Haven Saints Equity Holdings, LP Acquisition 02/25/2022 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$415.0K
$352.0K
$63.0K
Loving Tan Intermediate II, Inc.
Consumer Products
First Lien Secured Debt - Funded Revolver
$411.0K
$413.0K
-$2.0K
8.69%+5.00%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name EvAL Home Health Solutions, LLC Acquisition 05/10/2024 Industry Healthcare, Education and Childcare
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$406.0K
$453.0K
-$47.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Ro Health Holdings, Inc. Acquisition 01/16/2025 Industry Healthcare Providers & Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$405.0K
$290.0K
$115.0K
Penta Group Holdings, Inc.
Business Services
First Lien Secured Debt - Funded Revolver
$403.0K
$405.0K
-$2.0K
8.17%+4.50%
HV Watterson Holdings, LLC
Business Services
First Lien Secured Debt - Funded Revolver
$397.0K
$1.25M
-$853.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Project Granite Holdings, LLC Acquisition 12/31/2024 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$392.0K
$369.0K
$23.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Gauge ETE Blocker, LLC Acquisition 05/24/2023 Industry Personal, Food and Miscellaneous Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$374.0K
$374.0K
$0.00
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Azureon, LLC Acquisition 06/26/2024 Industry Diversified Conglomerate Service
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$371.0K
$508.0K
-$137.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Accounting Platform Blocker, Inc. Acquisition 08/09/2024 Industry Financial Services
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$356.0K
$356.0K
$0.00
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Tower Arch Infolinks Media, LP Acquisition 10/27/2021 Industry Media
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$348.0K
$116.0K
$232.0K
STG Distribution, LLC
Transportation
First Lien Secured Debt - Second Out Term Loans
$346.0K
$2.59M
-$2.25M
Rosco Parent, LLC
Business Services
First Lien Secured Debt - Funded Revolver
$344.0K
$346.0K
-$2.0K
8.42%+4.75%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name NEPRT Parent Holdings, LLC Acquisition 01/27/2021 Industry Consumer Products
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$339.0K
$1.25M
-$911.0K
Meadowlark Acquirer, LLC
Business Services
First Lien Secured Debt - Funded Revolver
$337.0K
$337.0K
$0.00
9.32%+5.65%
Walker Edison Furniture Company, LLC
Home and Office Furnishings, Housewares and Durable Consumer Products
First Lien Secured Debt - New Money DIP
$337.0K
$324.0K
$13.0K
10.00%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Meadowlark Title, LLC Acquisition 12/09/2021 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$326.0K
$802.0K
-$476.0K
Safe Haven Defense US, LLC
Building Materials
First Lien Secured Debt - Funded Revolver
$326.0K
$334.0K
-$8.0K
11.25%+4.50%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name NXOF Holdings, Inc. Acquisition 02/26/2019 Industry Aerospace and Defense
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$308.0K
$422.0K
-$114.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name NORA Parent Holdings, LLC Acquisition 08/22/2023 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$293.0K
$1.25M
-$955.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name WCP Ivyrehab Coinvestment, LP Acquisition 06/27/2022 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$293.0K
$208.0K
$85.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests/Warrants of Net Assets Issuer Name Podean Intermediate II, LLC Acquisition 08/04/2025 Industry Marketing Services
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$293.0K
$287.0K
$6.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Duggal Acquisition, LLC Acquisition 09/30/2024 Industry Marketing Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$292.0K
$314.0K
-$22.0K
Gauge ETE Blocker, LLC
Personal, Food and Miscellaneous Services
First Lien Secured Debt
$285.0K
$285.0K
$0.00
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name SBI Holdings Investments, LLC Acquisition 12/23/2019 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$283.0K
$366.0K
-$83.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Connatix Parent, LLC Acquisition 07/08/2021 Industry Media
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$278.0K
$632.0K
-$354.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes of Net Assets Issuer Name OSP Embedded Aggregator, LP
Subordinate Debt/Corporate Notes - 9.3% of Net Assets
Convertible Note Acquisition 11/06/2024 Maturity 05/08/2030 Industry Aerospace and Defense Current Coupon 12.00%
$272.0K
$237.0K
$35.0K
12.00%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Seacoast Service Partners, LLC Acquisition 12/20/2024 Industry Diversified Conglomerate Service
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$258.0K
$351.0K
-$93.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Carisk Parent, LP Acquisition 11/27/2023 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$251.0K
$204.0K
$47.0K
Lash OpCo, LLC
Consumer Products
First Lien Secured Debt - Funded Revolver
$244.0K
$251.0K
-$7.0K
8.94%+5.10%
Sales Benchmark Index, LLC
Business Services
First Lien Secured Debt - Funded Revolver
$244.0K
$244.0K
$0.00
9.87%+6.20%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name TPC Holding Company, LP Acquisition 12/04/2019 Industry Food
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$239.0K
$219.0K
$20.0K
Spendmend Holdings, LLC
Business Services
First Lien Secured Debt - Funded Revolver
$234.0K
$234.0K
$0.00
8.82%+5.15%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Crane 1 Acquisition Parent Holdings, LP Acquisition 08/11/2021 Industry Personal, Food and Miscellaneous Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$212.0K
$104.0K
$108.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Magnolia Topco, LP
Class A Acquisition 07/25/2023 Industry Auto Sector
$193.0K
$1.54M
-$1.35M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Ad.net Holdings, Inc. Acquisition 05/04/2021 Industry Media
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$178.0K
$266.0K
-$88.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name RTIC Parent Holdings, LLC
Class D Acquisition 05/03/2024 Industry Consumer Products
$160.0K
$113.0K
$47.0K
OSP Embedded Purchaser, LLC
Aerospace and Defense
First Lien Secured Debt - Funded Revolver
$140.0K
$148.0K
-$8.0K
11.40%+4.65%
Beacon Behavioral Support Service, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Term Loan - 3rd Amendment
$126.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Altamira Intermediate Company II, Inc. Acquisition 07/23/2019 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$115.0K
$125.0K
-$10.0K
Investments in Non-Controlled
Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name UniVista Insurance Acquisition 06/14/2021 Industry Business Services
$113.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name StellPen Holdings, LLC Acquisition 08/17/2021 Industry Media
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$112.0K
$154.0K
-$42.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name C5MI Holdco, LLC Acquisition 07/31/2024 Industry Business Services
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$108.0K
$104.0K
$4.0K
PL Acquisitionco, LLC
Retail
First Lien Secured Debt - Funded Revolver
$108.0K
$863.0K
-$755.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Five Star Parent Holdings, LLC
Class P Acquisition 07/09/2025 Industry Leisure, Amusement, Motion Pictures, Entertainment
$107.0K
$38.0K
$69.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name QuantiTech InvestCo, LP Acquisition 05/01/2020 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$97.0K
Carisk Buyer, Inc.
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Term Loan
$84.0K
CF512, Inc.
Media
First Lien Secured Debt - Funded Revolver
$81.0K
$82.0K
-$1.0K
9.74%+6.02%
Securities Issuer Name White Tiger Newco, LLC
Business Services
Equity - Common Equity
$80.0K
$824.0K
-$744.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name AG Investco, LP Acquisition 11/05/2018 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$64.0K
$805.0K
-$741.0K
GGG MIDCO, LLC
Home and Office Furnishings, Housewares and Durable Consumer Products
First Lien Secured Debt - Unfunded Term Loan
$63.0K
MOREGroup Holdings, Inc.
Business Services
First Lien Secured Debt - Unfunded Term Loan
$61.0K
Aphix Buyer, Inc
Business Services
First Lien Secured Debt - Unfunded Term Loan
$57.0K
BLC Holding Company, Inc.
Business Services
First Lien Secured Debt - Unfunded Term Loan
$56.0K
Archer Lewis, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Term Loan
$53.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Imagine Topco, LP Acquisition 11/04/2021 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$52.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name HPA SPQ Aggregator, LP Acquisition 06/08/2023 Industry Business Services
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$52.0K
$52.0K
$0.00
Dynata, LLC
Business Services
First Lien Secured Debt - Last-Out Term Loan
$50.0K
$83.0K
-$33.0K
9.64%+5.76%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name TWD Parent Holdings, LLC Acquisition 08/25/2021 Industry Business Services
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$49.0K
$33.0K
$16.0K
Infinity Home Services Holdco, Inc. 3rd Amendment Unfunded Term Loan
Personal, Food and Miscellaneous Services
First Lien Secured Debt
$45.0K
Commercial Fire Protection Holdings, LLC
Business Services
First Lien Secured Debt - Unfunded Term Loan
$36.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name White Tiger Newco, LLC Acquisition 07/31/2025 Industry Leisure, Amusement, Motion Pictures, Entertainment
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$36.0K
$369.0K
-$333.0K
Schlesinger Global, Inc.
Business Services
First Lien Secured Debt - Funded Revolver
$33.0K
$34.0K
-$1.0K
9.82%+6.10%
PCS MIDCO, Inc.
Financial Services
First Lien Secured Debt - Unfunded Term Loan
$31.0K
Beacon Behavioral Support Service, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Term Loan
$29.0K
Carisk Buyer, Inc.
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Term Loan 2
$23.0K
Impact Advisors, LLC
Business Services
First Lien Secured Debt - Unfunded Term Loan
$23.0K
CJX Borrower, LLC
Media
First Lien Secured Debt - Unfunded Term Loan
$21.0K
Duggal Acquisition, LLC
Marketing Services
First Lien Secured Debt - Unfunded Term Loan
$20.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name HPA SPQ Aggregator, LP Acquisition 06/08/2023 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$19.0K
$750.0K
-$731.0K
SV-Aero Holdings, LLC
Aerospace and Defense
First Lien Secured Debt - Unfunded Term Loan
$18.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name AFC Acquisitions, Inc. (G-2 Series) Acquisition 12/07/2023 Industry Distribution
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$16.0K
$18.0K
-$2.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name AFC Acquisitions, Inc. (J-2 Series) Acquisition 12/07/2023 Industry Distribution
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$16.0K
$20.0K
-$4.0K
Walker Edison Furniture Company, LLC
Home and Office Furnishings, Housewares and Durable Consumer Products
First Lien Secured Debt - Unfunded Term Loan
$14.0K
Carisk Buyer, Inc.
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
$13.0K
Harris & Co, LLC
Financial Services
First Lien Secured Debt - Unfunded Term Loan C
$13.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name New Insight Holdings, Inc. Acquisition 07/15/2024 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$13.0K
$20.0K
-$7.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name TWD Parent Holdings, LLC Acquisition 08/25/2021 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$13.0K
$3.0K
$10.0K
LJ Avalon Holdings, LLC
Environmental Services
First Lien Secured Debt - Unfunded Term Loan
$13.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name AFC Acquisitions, Inc. (H-2 Series) Acquisition 12/07/2023 Industry Distribution
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$11.0K
$12.0K
-$1.0K
PD Tri-State Holdco, LLC
Diversified Consumer Services
First Lien Secured Debt - Unfunded Term Loan
$11.0K
Project Granite Buyer, Inc.
Business Services
First Lien Secured Debt - Unfunded Term Loan
$11.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Connatix Parent, LLC Acquisition 07/08/2021 Industry Media
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$10.0K
$8.0K
$2.0K
ACP Avenu Buyer, LLC
Business Services
First Lien Secured Debt - Unfunded Term Loan
$9.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name AFC Acquisitions, Inc. (I-2 Series) Acquisition 12/07/2023 Industry Distribution
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$9.0K
$12.0K
-$3.0K
PCS MIDCO, Inc.
Financial Services
First Lien Secured Debt - Unfunded Revolver
$9.0K
Peninsula Pacific Entertainment
Gaming
First Lien Secured Debt - Unfunded Term Loan
$9.0K
Project Granite Buyer, Inc.
Business Services
First Lien Secured Debt - Unfunded Revolver
$9.0K
Paving Lessor Corp.
Business Services
First Lien Secured Debt - Unfunded Term Loan
$8.0K
Rancho Health MSO, Inc.
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Term Loan
$8.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name QuantiTech InvestCo II, LP Acquisition 05/01/2020 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$7.0K
$12.0K
-$5.0K
Loving Tan Intermediate II, Inc.
Consumer Products
First Lien Secured Debt - Unfunded Term Loan
$6.0K
Adweek Purchaser, LLC
Printing and Publishing
First Lien Secured Debt - Unfunded Term Loan
$5.0K
EDS Buyer, LLC
Aerospace and Defense
First Lien Secured Debt - Unfunded Revolver
$5.0K
Spendmend Holdings, LLC
Business Services
First Lien Secured Debt - Unfunded Term Loan
$5.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Gauge Schlesinger Coinvest, LLC Acquisition 04/22/2020 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$4.0K
$10.0K
-$6.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes of Net Assets Issuer Name Gauge Schlesinger Coinvest, LLC Acquisition 07/02/2019 Maturity 01/08/2026 Industry Business Services Current Coupon 12.92% Basis Point Spread Above Index 3M SOFR+860
Subordinate Debt/Corporate Notes - 9.3% of Net Assets
Second Lien Secured Debt - 4.0% of Net Assets
$3.0K
$1.0K
$2.0K
12.92%+8.60%
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Safe Haven Defense MidCo, LLC Acquisition 05/23/2024 Industry Building Materials
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$2.0K
$245.0K
-$243.0K
Harris & Co, LLC
Financial Services
First Lien Secured Debt - Unfunded Term Loan B
$1.0K
System Planning and Analysis, Inc.
Aerospace and Defense
First Lien Secured Debt - Unfunded Term Loan
$1.0K
Penta Group Holdings, Inc.
Business Services
First Lien Secured Debt - Unfunded Revolver
-$1.0K
PD Tri-State Holdco, LLC
Diversified Consumer Services
First Lien Secured Debt - Unfunded Revolver
-$2.0K
Crane 1 Services, Inc.
Personal, Food and Miscellaneous Services
First Lien Secured Debt - Unfunded Revolver
-$3.0K
Cornerstone Advisors of Arizona, LLC
Consulting Services
First Lien Secured Debt - Unfunded Revolver
-$4.0K
IG Investments Holdings, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
-$4.0K
Loving Tan Intermediate II, Inc.
Consumer Products
First Lien Secured Debt - Unfunded Revolver
-$5.0K
ACP Avenu Buyer, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
-$6.0K
First Medical MSO, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
-$6.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes of Net Assets Issuer Name ORL Holdco, Inc.
Subordinate Debt/Corporate Notes - 9.3% of Net Assets
Unfunded Convertible Notes Acquisition 08/02/2024 Maturity 03/08/2028 Industry Business Services
-$6.0K
Rosco Parent, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
-$7.0K
APT OPCO, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Term Loan
-$8.0K
CF512, Inc.
Media
First Lien Secured Debt - Unfunded Revolver
-$8.0K
Podean Buyer, Inc.
Marketing Services
First Lien Secured Debt - Unfunded Revolver
-$8.0K
DX Electric Company, LLC
Electronics
First Lien Secured Debt - Unfunded Revolver
-$9.0K
Exigo Intermediate II, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
-$9.0K
Five Star Buyer, Inc.
Leisure, Amusement, Motion Pictures, Entertainment
First Lien Secured Debt - Unfunded Revolver
-$9.0K
Seaway Buyer, LLC
Chemicals, Plastics and Rubber
First Lien Secured Debt - Unfunded Revolver
-$9.0K
System Planning and Analysis, Inc.
Aerospace and Defense
First Lien Secured Debt - Unfunded Revolver
-$9.0K
Arcfield
Aerospace and Defense
First Lien Secured Debt
-$10.0K
By Light Professional IT Services, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
-$10.0K
Paving Lessor Corp.
Business Services
First Lien Secured Debt - Unfunded Revolver
-$11.0K
Graffiti Buyer, Inc.
Distribution
First Lien Secured Debt - Unfunded Term Loan
-$12.0K
Omnia Exterior Solutions, LLC
Diversified Conglomerate Service
First Lien Secured Debt - Unfunded Revolver
-$12.0K
Case Works, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
-$13.0K
North American Rail Solutions, LLC
Manufacturing/Basic Industry
First Lien Secured Debt - Unfunded Revolver
-$13.0K
TCG 3.0 Jogger Acquisitionco, Inc.
Media
First Lien Secured Debt - Unfunded Revolver
-$13.0K
Best Practice Associates, LLC
Aerospace and Defense
First Lien Secured Debt - Unfunded Revolver
-$14.0K
Omnia Exterior Solutions, LLC
Diversified Conglomerate Service
First Lien Secured Debt - Unfunded Term Loan
-$14.0K
APT OPCO, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
-$15.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name OHCP V BC COI, LP - Unfumded Acquisition 12/13/2021 Industry Distribution
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
-$16.0K
Graffiti Buyer, Inc.
Distribution
First Lien Secured Debt - Unfunded Revolver
-$17.0K
The Vertex Companies, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
-$17.0K
Harris & Co, LLC
Financial Services
First Lien Secured Debt - Unfunded Revolver
-$18.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes of Net Assets Issuer Name Northwinds Topco, Inc.
Subordinate Debt/Corporate Notes - 9.3% of Net Assets
Unfunded Term Loan Acquisition 08/16/2024 Maturity 10/30/2029 Industry Consumer Services
-$18.0K
Safe Haven Defense US, LLC
Building Materials
First Lien Secured Debt - Unfunded Revolver
-$19.0K
Puget Collision, LLC
Auto Sector
First Lien Secured Debt - Unfunded Revolver
-$22.0K
Express Wash Intermediate, LLC
Auto Sector
First Lien Secured Debt - Unfunded Revolver
-$27.0K
Radius Aerospace, Inc.
Aerospace and Defense
First Lien Secured Debt - Unfunded Revolver
-$29.0K
Seacoast Service Partners NA, LLC
Diversified Conglomerate Service
First Lien Secured Debt - Unfunded Revolver
-$29.0K
Carnegie Dartlet, LLC
Education
First Lien Secured Debt - Unfunded Revolver
-$33.0K
ORL Acquisition, Inc.
Business Services
First Lien Secured Debt - Unfunded Revolver
-$33.0K
Pacific Purchaser, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
-$33.0K
RRA Corporate, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
-$36.0K
Rural Sourcing Holdings, Inc.
Business Services
First Lien Secured Debt - Unfunded Revolver
-$37.0K
Sigma Defense Systems, LLC
Telecommunications
First Lien Secured Debt - Unfunded Revolver
-$37.0K
NORA Acquisition, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
-$45.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name SP L2 Holdings, LLC - Unfunded Acquisition 11/04/2021 Industry Consumer Products
Preferred Equity/Partnership Interests - 4.6% of Net Assets
-$46.0K
Hills Distribution, Inc.
Distribution
First Lien Secured Debt - Unfunded Term Loan
-$47.0K
PAR Excellence Holdings, Inc.
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
-$47.0K
Azureon, LLC
Diversified Conglomerate Service
First Lien Secured Debt - Unfunded Revolver
-$48.0K
Blackhawk Industrial Distribution, Inc.
Distribution
First Lien Secured Debt - Unfunded Revolver
-$49.0K
RTIC Subsidiary Holdings, LLC
Consumer Products
First Lien Secured Debt - Unfunded Revolver
-$54.0K
OSP Embedded Purchaser, LLC
Aerospace and Defense
First Lien Secured Debt - Unfunded Revolver
-$69.0K
RRA Corporate, LLC
Business Services
First Lien Secured Debt - Unfunded Term Loan
-$70.0K
Lash OpCo, LLC
Consumer Products
First Lien Secured Debt - Unfunded Revolver
-$72.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Icon Partners V C, LP – Unfunded Acquisition 12/20/2021 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
-$76.0K
Seacoast Service Partners NA, LLC
Diversified Conglomerate Service
First Lien Secured Debt - Unfunded Term Loan
-$97.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Tower Arch Infolinks Media, LP - Unfunded Acquisition 10/27/2021 Industry Media
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
-$127.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name AG Investco, LP - Unfunded Acquisition 11/05/2018 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
-$179.0K
Azureon, LLC
Diversified Conglomerate Service
First Lien Secured Debt - Unfunded Term Loan
-$197.0K
Kinetic Purchaser, LLC
Consumer Products
First Lien Secured Debt - Unfunded Revolver
-$334.0K
PL Acquisitionco, LLC
Retail
First Lien Secured Debt - Unfunded Revolver
-$661.0K
ACP Falcon Buyer, Inc.
Business Services
First Lien Secured Debt - Unfunded Revolver
AFC Dell Holding Corp.
Distribution
First Lien Secured Debt - Unfunded Term Loan
AFC Dell Holding Corp.
Distribution
First Lien Secured Debt - Unfunded Revolver
Ad.net Acquisition, LLC
Media
First Lien Secured Debt - Unfunded Revolver
Aechelon Technology, Inc.
Aerospace and Defense
First Lien Secured Debt - Unfunded Revolver
Anteriad, LLC (f/k/a MeritDirect, LLC)
Media
First Lien Secured Debt - Unfunded Revolver
Aphix Buyer, Inc
Business Services
First Lien Secured Debt - Unfunded Revolver
Argano, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
BLC Holding Company, Inc.
Business Services
First Lien Secured Debt - Unfunded Revolver
Beacon Behavioral Support Service, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
Big Top Holdings, LLC
Manufacturing/Basic Industry
First Lien Secured Debt - Unfunded Revolver
Blue Cloud Pediatric Surgery Centers, LLC
Healthcare Providers & Services
First Lien Secured Debt - Unfunded Term Loan
Boss Industries, LLC
Conglomerate Manufacturing
First Lien Secured Debt - Unfunded Revolver
C5MI Acquisition, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
CJX Borrower, LLC
Media
First Lien Secured Debt - Unfunded Revolver
Carnegie Dartlet, LLC
Education
First Lien Secured Debt - Unfunded Term Loan
Cartessa Aesthetics, LLC
Distribution
First Lien Secured Debt - Unfunded Revolver
Commercial Fire Protection Holdings, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
DRS Holdings III, Inc.
Consumer Products
First Lien Secured Debt - Unfunded Revolver
Duggal Acquisition, LLC
Marketing Services
First Lien Secured Debt - Unfunded Revolver
ETE Intermediate II, LLC
Personal, Food and Miscellaneous Services
First Lien Secured Debt - Unfunded Revolver
Emergency Care Partners, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Term Loan
Emergency Care Partners, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
Eval Home Health Solutions Intermediate, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
First Medical MSO, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Term Loan
GGG MIDCO, LLC
Home and Office Furnishings, Housewares and Durable Consumer Products
First Lien Secured Debt - Unfunded Revolver
HW Holdco, LLC
Media
First Lien Secured Debt - Unfunded Revolver
Halo Buyer, Inc.
Consumer Products
First Lien Secured Debt - Unfunded Revolver
Imagine Acquisitionco, Inc.
Business Services
First Lien Secured Debt - Unfunded Revolver
Impact Advisors, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
Infinity Home Services Holdco, Inc.
Personal, Food and Miscellaneous Services
First Lien Secured Debt - Unfunded Revolver
Inovex Information Systems Incorporated
Business Services
First Lien Secured Debt - Unfunded Term Loan
Inovex Information Systems Incorporated
Business Services
First Lien Secured Debt - Unfunded Revolver
Inventus Power, Inc.
Electronics
First Lien Secured Debt - Unfunded Revolver
Investments in Non-Controlled, Non-Affiliated Portfolio Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Cascade Environmental Holdings, LLC Acquisition 02/19/2025 Industry Environmental Services
Common Equity/Partnership Interests/Warrants - 0.0% of Net Assets
$2.85M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name AMCSI Crash Co-Invest, LP - Unfunded Acquisition 07/28/2022 Industry Auto Sector
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Ad.net Holdings, Inc. Acquisition 05/04/2021 Industry Media
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$30.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Aechelon InvestCo, LP - Unfunded Acquisition 08/16/2024 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) Acquisition 05/21/2019 Industry Media
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name BioDerm, Inc. Acquisition 09/09/2024 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Delta InvestCo, LP - Unfunded Acquisition 12/16/2020 Industry Telecommunications
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name FedHC InvestCo, LP - Unfunded Acquisition 08/26/2021 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Five Star Parent Holdings, LLC Acquisition 02/21/2023 Industry Leisure, Amusement, Motion Pictures, Entertainment
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$656.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name HV Watterson Holdings, LLC Acquisition 06/13/2022 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.60M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Hancock Claims Consultants Investors, LLC Acquisition 12/23/2020 Industry Insurance
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$450.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Kinetic Purchaser, LLC
Class A Acquisition 11/08/2021 Industry Consumer Products
$1.31M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Kinetic Purchaser, LLC
Class AA Acquisition 11/08/2021 Industry Consumer Products
$135.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Magnolia Topco, LP
Class A Acquisition 07/25/2023 Industry Auto Sector
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Magnolia Topco, LP
Class B Acquisition 07/25/2023 Industry Auto Sector
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Megawatt Acquisition Partners, LLC
Class A Acquisition 06/28/2024 Industry Electronics
$59.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name NXOF Holdings, Inc. Acquisition 02/26/2019 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$108.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name ORL Holdco, Inc. Acquisition 09/01/2021 Industry Business Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$6.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Pink Lily Holdco, LLC Acquisition 11/05/2021 Industry Retail
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$1.04M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Podean Intermediate II, LLC Acquisition 08/04/2025 Industry Marketing Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name QuantiTech InvestCo, LP - Unfunded Acquisition 05/01/2020 Industry Aerospace and Defense
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name SP L2 Holdings, LLC Acquisition 11/04/2021 Industry Consumer Products
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$917.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name Sabel InvestCo, LP - Unfunded Acquisition 10/31/2024 Industry Government Services
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name TPC Holding Company, LP Acquisition 12/04/2019 Industry Food
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
$12.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants of Net Assets Issuer Name WCP Ivyrehab QP CF Feeder, LP - Unfunded Acquisition 06/27/2022 Industry Healthcare, Education and Childcare
Common Equity/Partnership Interests/Warrants - 28.7% of Net Assets
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Cascade Environmental Holdings, LLC - Series B Acquisition 02/19/2025 Industry Environmental Services
Preferred Equity/Partnership Interests - 0.4% of Net Assets
$32.79M
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Gauge Schlesinger Coinvest, LLC
Class A-2 Acquisition 05/24/2023 Industry Business Services
$1.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Hancock Claims Consultants Investors, LLC
Class A Acquisition 04/30/2024 Industry Insurance
$76.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name Magnolia Topco, LP
Class B Acquisition 07/25/2023 Industry Auto Sector
$643.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name ORL Holdco, Inc. Acquisition 09/01/2021 Industry Business Services
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$57.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name PL Acquisitionco, LLC Acquisition 05/31/2023 Industry Retail
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$73.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name RTIC Parent Holdings, LLC
Class A-1 Acquisition 05/03/2024 Industry Consumer Products
$5.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests of Net Assets Issuer Name SP L2 Holdings, LLC Acquisition 11/04/2021 Industry Consumer Products
Preferred Equity/Partnership Interests - 4.6% of Net Assets
$81.0K
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes of Net Assets Issuer Name ORL Holdco, Inc.
Subordinate Debt/Corporate Notes - 9.3% of Net Assets
Convertible Notes Acquisition 08/02/2024 Maturity 03/08/2028 Industry Business Services Current Coupon 18.00%
$6.0K
LAV Gear Holdings, Inc.
Leisure, Amusement, Motion Pictures, Entertainment
First Lien Secured Debt - Unfunded Revolver
LJ Avalon Holdings, LLC
Environmental Services
First Lien Secured Debt - Unfunded Revolver
Lightspeed Buyer, Inc.
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
Loving Tan Intermediate II, Inc.
Consumer Products
First Lien Secured Debt - Unfunded Term Loan - 2nd Amendment
MBS Holdings, Inc.
Telecommunications
First Lien Secured Debt - Unfunded Revolver
MDI Buyer, Inc.
Chemicals, Plastics and Rubber
First Lien Secured Debt - Unfunded Revolver
MES Intermediate, Inc.
Distribution
First Lien Secured Debt - Unfunded Revolver
MOREGroup Holdings, Inc.
Business Services
First Lien Secured Debt - Unfunded Revolver
Marketplace Events Acquisition, LLC
Media
First Lien Secured Debt - Unfunded Revolver
Meadowlark Acquirer, LLC- Unfunded Revolver
Business Services
First Lien Secured Debt
Medina Health, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
Megawatt Acquisitionco, Inc.
Electronics
First Lien Secured Debt - Unfunded Revolver
NBH Group, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
North American Rail Solutions, LLC
Manufacturing/Basic Industry
First Lien Secured Debt - Unfunded Term Loan
Penta Group Holdings, Inc.
Business Services
First Lien Secured Debt - Unfunded Term Loan
Pragmatic Institute, LLC
Business Services
Common Equity
Puget Collision, LLC
Auto Sector
First Lien Secured Debt - Unfunded Term Loan
Rancho Health MSO, Inc.
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
Recteq, LLC
Consumer Products
First Lien Secured Debt - Unfunded Revolver
Riverpoint Medical, LLC
Healthcare, Education and Childcare
First Lien Secured Debt - Unfunded Revolver
Ro Health, LLC
Healthcare Providers & Services
First Lien Secured Debt - Unfunded Revolver
Sabel Systems Technology Solutions, LLC
Government Services
First Lien Secured Debt - Unfunded Revolver
Sales Benchmark Index, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
Sath Industries, LLC
Event Services
First Lien Secured Debt - Unfunded Revolver
Schlesinger Global, Inc.
Business Services
First Lien Secured Debt - Unfunded Revolver
Securities Issuer Name 48Forty Intermediate Holdings, Inc.
Containers, Packaging and Glass
Equity - Common Equity
Sigma Defense Systems, LLC
Telecommunications
First Lien Secured Debt - Unfunded Term Loan
Spendmend Holdings, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
TMII Enterprises, LLC
Personal, Food and Miscellaneous Services
First Lien Secured Debt - Unfunded Revolver
The Bluebird Group, LLC
Business Services
First Lien Secured Debt - Unfunded Revolver
TransGo, LLC
Machinery
First Lien Secured Debt - Unfunded Revolver
Wash & Wax Systems, LLC
Auto Sector
First Lien Secured Debt - Unfunded Revolver
Watchtower Buyer, LLC.
Electronics
First Lien Secured Debt - Unfunded Revolver