PennantPark Investment · filed 2025-08-11
Total Fair Value
$2.94B
572 holdings
Unrealized P/L
+$465.43M
+18.83% vs cost
W. Avg Spread
+6.00%
debt, FV-weighted
W. Avg Coupon
10.35%
debt, FV-weighted
% First Lien
60.9%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$2.94B
Total Fair Value
- Unclassified15.2%
- Financial Services Current Coupon 12.29%4.8%
- Short-Term U.S. Government Securities Current Coupon 4.24%4.2%
- Financial Services3.8%
- Distribution3.4%
- Healthcare, Education and Childcare Current Coupon 11.30%2.0%
- Healthcare, Education and Childcare1.5%
- Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index SOFR+5501.5%
- Aerospace and Defense Current Coupon 10.05% Basis Point Spread Above Index SOFR+5751.4%
- Business Services Current Coupon 9.55% Basis Point Spread Above Index SOFR+5251.2%
- Other industries60.8%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
572 of 572
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
PennantPark Senior Loan Fund, LLC | — | Equity Security | $213.62M | — | — | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies Subordinated Debt of Net Assets Issuer Name PennantPark Senior Loan Fund, LLC Maturity 07/31/2027 | Financial Services Current Coupon 12.29% | Subordinated Debt - 34.0% of Net Assets | $140.29M | $140.29M | $0.00 | 12.29% | +8.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies US Government Securities Issuer Name U.S. Treasury Bill Maturity 07/22/2025 | Short-Term U.S. Government Securities Current Coupon 4.24% | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $124.70M | $124.72M | -$23.0K | 4.24% | — | — |
Investments in Controlled, Affiliated Portfolio Companies Common Equity Issuer Name JF Intermediate, LLC | Distribution | Common Equity - 35.5% of Net Assets | $78.46M | $4.49M | $73.97M | — | — | — |
JF Intermediate, LLC (JF Holdings Corp.) | — | Equity Security | $78.46M | — | — | — | — | — |
AKW Holdings Limited | — | Equity Security | $76.87M | — | — | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies Common Equity Issuer Name PennantPark Senior Loan Fund, LLC | Financial Services | Common Equity - 35.5% of Net Assets | $73.33M | $82.36M | -$9.03M | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies First Lien Secured Debt Issuer Name AKW Holdings Limited Maturity 03/15/2027 | Healthcare, Education and Childcare Current Coupon 11.30% | First Lien Secured Debt - 14.8% of Net Assets | $58.18M | $58.07M | $107.0K | 11.30% | +7.00% | — |
Flock Financial, LLC | — | Equity Security | $52.39M | — | — | — | — | — |
First Lien Secured Debt Issuer Name Dr. Squatch, LLC Maturity 08/31/27 | Personal and Non-Durable Consumer Products Current Coupon 9.66% Basis Point Spread Above Index SOFR+535 | First Lien Secured Debt | $30.85M | $30.74M | $110.0K | 9.66% | +5.35% | — |
First Lien Secured Debt Issuer Name Blackhawk Industrial Distribution, Inc. Maturity 09/17/2026 | Distribution Current Coupon 9.70% Basis Point Spread Above Index SOFR+540 | First Lien Secured Debt | $24.99M | $25.06M | -$67.0K | 9.70% | +5.40% | — |
First Lien Secured Debt Issuer Name Beacon Behavioral Support Services, LLC Maturity 06/21/2029 | Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | First Lien Secured Debt | $24.42M | $24.35M | $69.0K | 9.80% | +5.50% | — |
First Lien Secured Debt Issuer Name RTIC Subsidiary Holdings, LLC Maturity 05/03/2029 | Consumer Products Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | First Lien Secured Debt | $24.33M | $24.41M | -$83.0K | 10.05% | +5.75% | — |
First Lien Secured Debt Issuer Name Sigma Defense Systems, LLC Maturity 12/20/2027 | Telecommunications Current Coupon 11.45% Basis Point Spread Above Index SOFR+715 | First Lien Secured Debt | $24.01M | $23.84M | $177.0K | 11.45% | +7.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Exigo Intermediate II, LLC Maturity 03/15/2027 | Business Services Current Coupon 10.68% Basis Point Spread Above Index 3M SOFR+635 | First Lien Secured Debt - 84.3% of Net Assets | $23.94M | $23.79M | $153.0K | 10.68% | +6.35% | — |
First Lien Secured Debt Issuer Name HW Holdco, LLC Maturity 05/10/26 | Media Current Coupon 10.23% Basis Point Spread Above Index SOFR+590 | First Lien Secured Debt | $23.81M | $23.74M | $74.0K | 10.23% | +5.90% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Cartessa Aesthetics, LLC Maturity 06/14/2028 | Distribution Current Coupon 10.30% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 84.3% of Net Assets | $23.55M | $23.28M | $274.0K | 10.30% | +6.00% | — |
First Lien Secured Debt Issuer Name EDS Buyer, LLC Maturity 01/10/29 | Aerospace and Defense Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | First Lien Secured Debt | $23.29M | $22.96M | $325.0K | 10.05% | +5.75% | — |
First Lien Secured Debt Issuer Name Watchtower Buyer, LLC Maturity 12/01/2029 | Consumer Products Current Coupon 10.30% Basis Point Spread Above Index SOFR+600 | First Lien Secured Debt | $23.15M | $22.96M | $186.0K | 10.30% | +6.00% | — |
Investments in Controlled, Affiliated Portfolio Companies Subordinated Debt of Net Assets Issuer Name Flock Financial, LLC Maturity 10/19/2027 | Financial Services Current Coupon PIK 12.50% | Subordinated Debt - 34.0% of Net Assets | $23.03M | $23.03M | $0.00 | 12.50% | — | — |
First Lien Secured Debt Issuer Name Rancho Health MSO, Inc. Maturity 06/20/2029 | Healthcare, Education and Childcare Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $22.78M | $22.70M | $74.0K | 9.55% | +5.25% | — |
First Lien Secured Debt Issuer Name Carnegie Dartlet, LLC Maturity 02/07/2030 | Education Current Coupon 9.83% Basis Point Spread Above Index SOFR+550 | First Lien Secured Debt | $22.48M | $22.41M | $73.0K | 9.83% | +5.50% | — |
First Lien Secured Debt Issuer Name Cartessa Aesthetics, LLC Maturity 06/14/28 | Distribution Current Coupon 10.05% Basis Point Spread Above Index SOFR+600 | First Lien Secured Debt | $21.94M | $21.75M | $187.0K | 10.05% | +6.00% | — |
First Lien Secured Debt Issuer Name Commercial Fire Protection Holdings, LLC Maturity 09/23/30 | Business Services Current Coupon 9.06% Basis Point Spread Above Index SOFR+475 | First Lien Secured Debt | $20.88M | $20.78M | $102.0K | 9.06% | +4.75% | — |
First Lien Secured Debt Issuer Name Lash OpCo, LLC Maturity 02/18/27 | Consumer Products Current Coupon 12.13% Basis Point Spread Above Index SOFR+785 | First Lien Secured Debt | $20.82M | $21.18M | -$358.0K | 12.13% | +7.85% | — |
First Lien Secured Debt Issuer Name Lightspeed Buyer Inc. Maturity 02/03/27 | Healthcare, Education and Childcare Current Coupon 9.05% Basis Point Spread Above Index SOFR+475 | First Lien Secured Debt | $20.17M | $20.08M | $87.0K | 9.05% | +4.75% | — |
First Lien Secured Debt Issuer Name NORA Acquisition, LLC Maturity 08/31/2029 | Healthcare, Education and Childcare Current Coupon 10.65% Basis Point Spread Above Index SOFR+635 | First Lien Secured Debt | $19.99M | $19.90M | $89.0K | 10.65% | +6.35% | — |
First Lien Secured Debt Issuer Name Marketplace Events Acquisition, LLC Maturity 12/19/1930 | Media Current Coupon 9.47% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $19.95M | $19.77M | $176.0K | 9.47% | +5.25% | — |
First Lien Secured Debt Issuer Name A1 Garage Merger Sub, LLC Maturity 12/22/2028 | Personal, Food and Miscellaneous Services Current Coupon 8.83% Basis Point Spread Above Index SOFR+450 | First Lien Secured Debt | $19.93M | $19.73M | $196.0K | 8.83% | +4.50% | — |
First Lien Secured Debt Issuer Name MOREgroup Holdings, LLC Maturity 01/16/2030 | Business Services Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $19.75M | $19.51M | $238.0K | 9.55% | +5.25% | — |
First Lien Secured Debt Issuer Name Best Practice Associates, LLC Maturity 11/08/2029 | Aerospace and Defense Current Coupon 11.05% Basis Point Spread Above Index SOFR+675 | First Lien Secured Debt | $19.65M | $19.65M | $3.0K | 11.05% | +6.75% | — |
First Lien Secured Debt Issuer Name MDI Buyer Inc. Maturity 07/25/28 | Chemicals, Plastics and Rubber Current Coupon 9.33% Basis Point Spread Above Index SOFR+500 | First Lien Secured Debt | $19.58M | $19.61M | -$29.0K | 9.33% | +5.00% | — |
First Lien Secured Debt Issuer Name Medina Health, LLC Maturity 10/20/2028 | Healthcare, Education and Childcare Current Coupon 10.55% Basis Point Spread Above Index SOFR+625 | First Lien Secured Debt | $19.47M | $19.30M | $167.0K | 10.55% | +6.25% | — |
First Lien Secured Debt Issuer Name Harris & Co. LLC Maturity 08/09/30 | Financial Services Current Coupon 9.33% Basis Point Spread Above Index SOFR+500 | First Lien Secured Debt | $19.23M | $19.10M | $127.0K | 9.33% | +5.00% | — |
Investments in Controlled, Affiliated Portfolio Companies Preferred Equity Issuer Name Flock Financial Class A Preferred Equity | Financial Services | Preferred Equity - 6.1% of Net Assets | $18.71M | $7.31M | $11.40M | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies Common Equity Issuer Name AKW Holdings Limited | Healthcare, Education and Childcare | Common Equity - 35.5% of Net Assets | $18.69M | $132.0K | $18.56M | — | — | — |
First Lien Secured Debt Issuer Name OSP Embedded Purchaser, LLC Maturity 12/17/2029 | Aerospace and Defense Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | First Lien Secured Debt | $18.67M | $18.84M | -$166.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Route 66 Development Maturity 01/24/2031 | Gaming Current Coupon 13.33% Basis Point Spread Above Index 3M SOFR+900 | First Lien Secured Debt - 84.3% of Net Assets | $17.91M | $17.65M | $257.0K | 13.33% | +9.00% | — |
First Lien Secured Debt Issuer Name Omnia Exterior Solutions, LLC Maturity 12/29/2029 | Diversified Conglomerate Service Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $17.84M | $17.79M | $44.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name United Land Services Intermediate Parent Holdings, LLC Maturity 12/23/2026 | Environmental Services Current Coupon PIK 14.75% | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | $17.28M | $17.21M | $74.0K | — | — | — |
First Lien Secured Debt Issuer Name The Bluebird Group LLC Maturity 07/27/2026 | Business Services Current Coupon 10.20% Basis Point Spread Above Index SOFR+590 | First Lien Secured Debt | $17.26M | $17.21M | $55.0K | 10.20% | +5.90% | — |
First Lien Secured Debt Issuer Name Transgo, LLC Maturity 12/29/2028 | Auto Sector Current Coupon 10.07% Basis Point Spread Above Index SOFR+575 | First Lien Secured Debt | $17.14M | $16.89M | $247.0K | 10.08% | +5.75% | — |
First Lien Secured Debt Issuer Name System Planning and Analysis, Inc. (f/k/a Management Consulting & Research, LLC) Maturity 08/16/2027 | Aerospace and Defense Current Coupon 8.92% Basis Point Spread Above Index SOFR+475 | First Lien Secured Debt | $16.82M | $16.85M | -$23.0K | 8.92% | +4.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Halo Buyer, Inc. Maturity 08/07/2029 | Consumer Products Current Coupon 10.33% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 84.3% of Net Assets | $16.45M | $16.80M | -$351.0K | 10.33% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Shiftkey, LLC Maturity 06/21/2027 | Business Services Current Coupon 10.31% Basis Point Spread Above Index 3M SOFR+601 | First Lien Secured Debt - 84.3% of Net Assets | $16.33M | $17.34M | -$1.00M | 10.31% | +6.01% | — |
First Lien Secured Debt Issuer Name AFC - Dell Holding Corp. Maturity 04/09/2027 | Distribution Current Coupon 9.82% Basis Point Spread Above Index SOFR+550 | First Lien Secured Debt | $16.11M | $16.07M | $39.0K | 9.82% | +5.50% | — |
First Lien Secured Debt Issuer Name Archer Lewis, LLC Maturity 08/28/2029 | Healthcare, Education and Childcare Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | First Lien Secured Debt | $15.62M | $15.46M | $160.0K | 10.05% | +5.75% | — |
First Lien Secured Debt Issuer Name ACP Falcon Buyer, Inc. Maturity 08/01/2029 | Business Services Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | First Lien Secured Debt | $15.39M | $14.99M | $396.0K | 9.80% | +5.50% | — |
First Lien Secured Debt Issuer Name SV- Aero Holdings, LLC (Aeronix) Maturity 11/01/2030 | Aerospace and Defense Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $14.81M | $14.75M | $63.0K | 9.55% | +5.25% | — |
First Lien Secured Debt Issuer Name Argano, LLC Maturity 09/13/2029 | Business Services Current Coupon 10.07% Basis Point Spread Above Index SOFR+575 | First Lien Secured Debt | $14.75M | $14.76M | -$10.0K | 10.07% | +5.75% | — |
First Lien Secured Debt Issuer Name By Light professional IT Services, LLC Maturity 11/16/2026 | Business Services Current Coupon 10.79% Basis Point Spread Above Index SOFR+647 | First Lien Secured Debt | $14.57M | $14.53M | $44.0K | 10.79% | +6.47% | — |
First Lien Secured Debt Issuer Name The Vertex Companies, LLC Maturity 08/31/2028 | Business Services Current Coupon 9.31% Basis Point Spread Above Index SOFR+500 | First Lien Secured Debt | $14.49M | $14.42M | $65.0K | 9.31% | +5.00% | — |
First Lien Secured Debt Issuer Name Beta Plus Technologies, Inc. Maturity 07/02/2029 | Business Services Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | First Lien Secured Debt | $14.26M | $14.40M | -$146.0K | 10.05% | +5.75% | — |
First Lien Secured Debt Issuer Name Hills Distribution, Inc Maturity 11/08/29 | Distribution Current Coupon 10.32% Basis Point Spread Above Index SOFR+600 | First Lien Secured Debt | $14.18M | $14.02M | $161.0K | 10.32% | +6.00% | — |
First Lien Secured Debt Issuer Name Anteriad Holdings Inc (fka MeritDirect) Maturity 06/30/2026 | Media Current Coupon 10.20% Basis Point Spread Above Index SOFR+590 | First Lien Secured Debt | $14.06M | $14.01M | $42.0K | 10.20% | +5.90% | — |
First Lien Secured Debt Issuer Name Infinity Home Services Holdco, Inc. Maturity 12/28/28 | Personal, Food and Miscellaneous Services Current Coupon 9.80% Basis Point Spread Above Index SOFR+600 | First Lien Secured Debt | $13.79M | $13.65M | $137.0K | 9.80% | +6.00% | — |
First Lien Secured Debt Issuer Name Seaway Buyer, LLC Maturity 06/13/2029 | Chemicals, Plastics and Rubber Current Coupon 10.45% Basis Point Spread Above Index SOFR+615 | First Lien Secured Debt | $13.75M | $14.42M | -$674.0K | 10.45% | +6.15% | — |
First Lien Secured Debt Issuer Name Amsive Holding Corporation (f/k/a Vision Purchaser Corporation) Maturity 12/10/2026 | Media Current Coupon 10.67% Basis Point Spread Above Index SOFR+635 | First Lien Secured Debt | $13.63M | $13.72M | -$87.0K | 10.67% | +6.35% | — |
First Lien Secured Debt Issuer Name Infolinks Media Buyco, LLC Maturity 11/01/26 | Media Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | First Lien Secured Debt | $13.05M | $13.00M | $46.0K | 9.80% | +5.50% | — |
Investments in Controlled, Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Pragmatic Institute, LLC Maturity 03/28/2030 | Business Services Current Coupon PIK 9.80% | First Lien Secured Debt - 14.8% of Net Assets | $13.02M | $14.67M | -$1.65M | — | +5.50% | — |
Pragmatic Institute, LLC | — | Equity Security | $13.02M | — | — | — | — | — |
First Lien Secured Debt Issuer Name Kinetic Purchaser, LLC Maturity 11/10/27 | Consumer Products Current Coupon 10.45% Basis Point Spread Above Index SOFR+615 | First Lien Secured Debt | $13.02M | $13.58M | -$565.0K | 10.45% | +6.15% | — |
First Lien Secured Debt Issuer Name Inventus Power, Inc. Maturity 06/30/25 | Consumer Products Current Coupon 11.94% Basis Point Spread Above Index SOFR+761 | First Lien Secured Debt | $13.00M | $12.93M | $70.0K | 11.94% | +7.61% | — |
First Lien Secured Debt Issuer Name Pacific Purchaser, LLC Maturity 10/02/2028 | Business Services Current Coupon 10.42% Basis Point Spread Above Index SOFR+625 | First Lien Secured Debt | $12.66M | $12.62M | $40.0K | 10.42% | +6.25% | — |
First Lien Secured Debt Issuer Name GGG Midco, LLC Maturity 09/27/30 | Home and Office Furnishings, Housewares and Durable Consumer Products Current Coupon 9.30% Basis Point Spread Above Index SOFR+500 | First Lien Secured Debt | $12.52M | $12.41M | $111.0K | 9.30% | +5.00% | — |
First Lien Secured Debt Issuer Name Urology Management Holdings, Inc. Maturity 06/15/2027 | Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | First Lien Secured Debt | $12.36M | $12.35M | $11.0K | 9.80% | +5.50% | — |
First Lien Secured Debt Issuer Name ETE Intermediate II, LLC Maturity 05/29/29 | Personal, Food and Miscellaneous Services Current Coupon 9.58% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $12.15M | $11.99M | $169.0K | 9.58% | +5.25% | — |
First Lien Secured Debt Issuer Name BLC Holding Company, INC. Maturity 11/20/2030 | Environmental Services Current Coupon 8.80% Basis Point Spread Above Index SOFR+450 | First Lien Secured Debt | $12.04M | $11.97M | $72.0K | 8.80% | +4.50% | — |
First Lien Secured Debt Issuer Name Sabel Systems Technology Solutions, LLC Maturity 10/31/2030 | Business Services Current Coupon 10.55% Basis Point Spread Above Index SOFR+625 | First Lien Secured Debt | $11.94M | $11.84M | $98.0K | 10.55% | +6.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name PAR Excellence Holdings, Inc. Maturity 09/03/2030 | Healthcare, Education and Childcare Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 84.3% of Net Assets | $11.85M | $11.85M | -$3.0K | 9.32% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name PlayPower, Inc. Maturity 08/28/2030 | Manufacturing/Basic Industry Current Coupon 9.55% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $11.79M | $11.83M | -$42.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Aechelon Technology, Inc. Maturity 08/16/2029 | Aerospace and Defense Current Coupon 10.83% Basis Point Spread Above Index 3M SOFR+650 | First Lien Secured Debt - 84.3% of Net Assets | $11.76M | $11.65M | $107.0K | 10.83% | +6.50% | — |
First Lien Secured Debt Issuer Name Radius Aerospace, Inc. Maturity 03/29/2027 | Aerospace and Defense Current Coupon 10.51% Basis Point Spread Above Index SOFR+615 | First Lien Secured Debt | $11.52M | $11.74M | -$229.0K | 10.51% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Sath Industries, LLC Maturity 12/17/2029 | Event Services Current Coupon 9.81% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 84.3% of Net Assets | $11.42M | $11.31M | $104.0K | 9.81% | +5.50% | — |
First Lien Secured Debt Issuer Name Carisk Buyer, Inc. Maturity 12/01/2029 | Healthcare, Education and Childcare Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $11.40M | $11.30M | $97.0K | 9.55% | +5.25% | — |
First Lien Secured Debt Issuer Name TPC US Parent, LLC Maturity 11/24/2025 | Food Current Coupon 10.20% Basis Point Spread Above Index SOFR+590 | First Lien Secured Debt | $11.29M | $11.29M | $7.0K | 10.20% | +5.90% | — |
First Lien Secured Debt Issuer Name Tyto Athene, LLC Maturity 04/01/2028 | Aerospace and Defense Current Coupon 9.19% Basis Point Spread Above Index SOFR+490 | First Lien Secured Debt | $11.07M | $11.27M | -$200.0K | 9.19% | +4.90% | — |
Investments in Controlled, Affiliated Portfolio Companies Preferred Equity Issuer Name Flock Financial Class B Preferred Equity | Financial Services | Preferred Equity - 6.1% of Net Assets | $10.64M | $19.32M | -$8.67M | — | — | — |
Alpine | Containers, Packaging and Glass | First Lien Secured Debt | $10.63M | $15.04M | -$4.41M | 10.45% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Sigma Defense Systems, LLC Maturity 12/20/2027 | Telecommunications Current Coupon 11.47% Basis Point Spread Above Index 3M SOFR+715 | First Lien Secured Debt - 84.3% of Net Assets | $10.50M | $10.26M | $242.0K | 11.47% | +7.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Argano, LLC. Maturity 09/13/2029 | Business Services Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 84.3% of Net Assets | $10.37M | $10.36M | $7.0K | 10.07% | +5.75% | — |
First Lien Secured Debt Issuer Name Case Works, LLC Maturity 10/01/29 | Business Services Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $10.22M | $10.39M | -$169.0K | 9.55% | +5.25% | — |
First Lien Secured Debt Issuer Name Ro Health, LLC Maturity 01/17/2031 | Healthcare Providers & Services Current Coupon 9.30% Basis Point Spread Above Index SOFR+500 | First Lien Secured Debt | $10.00M | $9.94M | $65.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Express Wash Intermediate, LLC Maturity 04/10/2031 | Auto Sector Current Coupon 10.46% Basis Point Spread Above Index 3M SOFR+625 | First Lien Secured Debt - 84.3% of Net Assets | $9.94M | $9.95M | -$12.0K | 10.46% | +6.25% | — |
First Lien Secured Debt Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. Maturity 01/23/2029 | Media Current Coupon 10.80% Basis Point Spread Above Index SOFR+650 | First Lien Secured Debt | $9.88M | $9.75M | $125.0K | 10.80% | +6.50% | — |
First Lien Secured Debt Issuer Name PAR Excellence Holdings, Inc. Maturity 09/03/2030 | Healthcare, Education and Childcare Current Coupon 9.32% Basis Point Spread Above Index SOFR+500 | First Lien Secured Debt | $9.85M | $9.86M | -$13.0K | 9.32% | +5.00% | — |
First Lien Secured Debt Issuer Name HV Watterson Holdings, LLC Maturity 12/17/26 | Business Services Current Coupon 12% Basis Point Spread Above Index SOFR+ | First Lien Secured Debt | $9.80M | $15.52M | -$5.72M | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Azureon, LLC Maturity 06/26/2029 | Diversified Conglomerate Service Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 84.3% of Net Assets | $9.61M | $9.73M | -$119.0K | 10.05% | +5.75% | — |
First Lien Secured Debt Issuer Name Municipal Emergency Services, Inc. Maturity 10/01/2027 | Distribution Current Coupon 9.45% Basis Point Spread Above Index SOFR+515 | First Lien Secured Debt | $9.60M | $9.53M | $70.0K | 9.45% | +5.15% | — |
First Lien Secured Debt Issuer Name Exigo Intermediate II, LLC Maturity 03/15/27 | Business Services Current Coupon 10.68% Basis Point Spread Above Index SOFR+635 | First Lien Secured Debt | $9.58M | $9.51M | $67.0K | 10.68% | +6.35% | — |
First Lien Secured Debt Issuer Name Team Services Group, LLC Maturity 12/20/2027 | Healthcare, Education and Childcare Current Coupon 9.53% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $9.55M | $9.44M | $109.0K | 9.53% | +5.25% | — |
First Lien Secured Debt Issuer Name Recteq, LLC Maturity 01/29/2026 | Consumer Products Current Coupon 11.45% Basis Point Spread Above Index SOFR+715 | First Lien Secured Debt | $9.53M | $9.55M | -$26.0K | 11.45% | +7.15% | — |
First Lien Secured Debt Issuer Name SpendMend Holdings, LLC Maturity 03/01/2028 | Business Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+515 | First Lien Secured Debt | $9.44M | $9.27M | $165.0K | 9.45% | +5.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Infinity Home Services Holdco, Inc. Maturity 12/28/2028 | Personal, Food and Miscellaneous Services Current Coupon 10.30% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 84.3% of Net Assets | $9.00M | $8.90M | $95.0K | 10.30% | +6.00% | — |
First Lien Secured Debt Issuer Name CF512, Inc. Maturity 08/20/2026 | Media Current Coupon 10.77% Basis Point Spread Above Index SOFR+644 | First Lien Secured Debt | $8.97M | $8.99M | -$17.0K | 10.77% | +6.44% | — |
First Lien Secured Debt Issuer Name VRS Buyer, Inc. Maturity 11/21/2030 | Business Services Current Coupon 9.08% Basis Point Spread Above Index SOFR+475 | First Lien Secured Debt | $8.96M | $8.95M | $9.0K | 9.08% | +4.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. Maturity 01/23/2029 | Media Current Coupon 10.82% Basis Point Spread Above Index 3M SOFR+650 | First Lien Secured Debt - 84.3% of Net Assets | $8.89M | $8.77M | $119.0K | 10.82% | +6.50% | — |
First Lien Secured Debt Issuer Name Bioderm, Inc. Maturity 01/31/2028 | Healthcare, Education and Childcare Current Coupon 10.82% Basis Point Spread Above Index SOFR+650 | First Lien Secured Debt | $8.71M | $8.74M | -$34.0K | 10.82% | +6.50% | — |
First Lien Secured Debt Issuer Name Connatix Buyer, Inc. Maturity 07/13/27 | Media Current Coupon 9.97% Basis Point Spread Above Index SOFR+576 | First Lien Secured Debt | $8.65M | $8.64M | $10.0K | 9.97% | +5.76% | — |
First Lien Secured Debt Issuer Name Dynata, LLC - Last Out Term Loan Maturity 10/16/28 | Business Services Current Coupon 10.09% Basis Point Spread Above Index SOFR+576 | First Lien Secured Debt | $8.53M | $9.70M | -$1.17M | 10.09% | +5.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Ledge Lounger, Inc. Maturity 11/09/2026 | Consumer Products Current Coupon 11.95% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+765 | First Lien Secured Debt - 84.3% of Net Assets | $8.46M | $8.94M | -$483.0K | 11.95% | +7.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Harris & Co. LLC Maturity 08/09/2030 | Financial Services Current Coupon 9.33% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 84.3% of Net Assets | $8.46M | $8.38M | $72.0K | 9.33% | +5.00% | — |
First Lien Secured Debt Issuer Name One Stop Mailing, LLC Maturity 05/07/2027 | Transportation Current Coupon 10.69% Basis Point Spread Above Index SOFR+636 | First Lien Secured Debt | $8.30M | $8.21M | $84.0K | 10.69% | +6.36% | — |
First Lien Secured Debt Issuer Name MBS Holdings, Inc. Maturity 04/16/2027 | Telecommunications Current Coupon 9.35% Basis Point Spread Above Index SOFR+510 | First Lien Secured Debt | $8.27M | $8.21M | $52.0K | 9.35% | +5.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name System Planning and Analysis, Inc. Maturity 08/16/2027 | Aerospace and Defense Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+475 | First Lien Secured Debt - 84.3% of Net Assets | $8.25M | $8.26M | -$14.0K | 8.95% | +4.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Second Lien Secured Debt Issuer Name Burgess Point Purchaser Corporation Maturity 07/28/2030 | Auto Sector Current Coupon 13.38% Basis Point Spread Above Index 3M SOFR+910 | Second Lien Secured Debt - 3.7% of Net Assets | $8.00M | $7.73M | $268.0K | 13.38% | +9.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Impact Advisors, LLC Maturity 03/19/2032 | Business Services Current Coupon 9.05% Basis Point Spread Above Index 3M SOFR+475 | First Lien Secured Debt - 84.3% of Net Assets | $7.94M | $7.94M | -$1.0K | 9.05% | +4.75% | — |
First Lien Secured Debt Issuer Name HEC Purchaser Corp. Maturity 06/17/29 | Healthcare, Education and Childcare Current Coupon 9.72% Basis Point Spread Above Index SOFR+550 | First Lien Secured Debt | $7.92M | $7.84M | $80.0K | 9.72% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name Northwinds Topco, Inc. Maturity 10/30/2029 | Consumer Services Current Coupon PIK 15.00% | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | $7.90M | $7.87M | $30.0K | — | — | — |
First Lien Secured Debt Issuer Name MAG DS Corp. Maturity 04/01/27 | Aerospace and Defense Current Coupon 9.90% Basis Point Spread Above Index SOFR+560 | First Lien Secured Debt | $7.87M | $7.93M | -$57.0K | 9.90% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Hills Distribution, Inc. Maturity 11/08/2029 | Distribution Current Coupon 10.32% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 84.3% of Net Assets | $7.80M | $7.74M | $68.0K | 10.32% | +6.00% | — |
First Lien Secured Debt Issuer Name LJ Avalon Holdings, LLC Maturity 02/01/30 | Environmental Services Current Coupon 9.07% Basis Point Spread Above Index SOFR+475 | First Lien Secured Debt | $7.66M | $7.57M | $90.0K | 9.07% | +4.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Cartessa Aesthetics, LLC | Distribution | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $7.61M | $3.56M | $4.05M | — | — | — |
First Lien Secured Debt Issuer Name ACP Avenu Buyer, LLC Maturity 10/02/2029 | Business Services Current Coupon 9.05% Basis Point Spread Above Index SOFR+475 | First Lien Secured Debt | $7.53M | $7.49M | $45.0K | 9.05% | +4.75% | — |
Cascade Environmental Holdings, LLC | — | Equity Security | $7.46M | — | — | — | — | — |
First Lien Secured Debt Issuer Name C5MI Acquisition, LLC Maturity 07/31/2029 | Business Services Current Coupon 10.30% Basis Point Spread Above Index SOFR+600 | First Lien Secured Debt | $7.44M | $7.35M | $94.0K | 10.30% | +6.00% | — |
First Lien Secured Debt Issuer Name Megawatt Acquisitionco, Inc. Maturity 03/01/1930 | Business Services Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | First Lien Secured Debt | $7.29M | $7.80M | -$513.0K | 9.80% | +5.50% | — |
First Lien Secured Debt Issuer Name Eval Home Health Solutions Intermediate, LLC Maturity 05/10/30 | Healthcare, Education and Childcare Current Coupon 10.08% Basis Point Spread Above Index SOFR+575 | First Lien Secured Debt | $7.20M | $7.11M | $89.0K | 10.08% | +5.75% | — |
First Lien Secured Debt Issuer Name NBH Group LLC Maturity 08/19/2026 | Healthcare, Education and Childcare Current Coupon 9.92% Basis Point Spread Above Index SOFR+560 | First Lien Secured Debt | $7.20M | $7.17M | $25.0K | 9.92% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name PennantPark-TSO Senior Loan Fund II, LP | Financial Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $7.18M | $8.12M | -$939.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Municipal Emergency Services, Inc. | Distribution | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $7.09M | $3.98M | $3.11M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Loving Tan Intermediate II, Inc. Maturity 05/31/2028 | Consumer Products Current Coupon 9.80% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 84.3% of Net Assets | $7.05M | $7.01M | $43.0K | 9.80% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Athletico Holdings, LLC | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $7.03M | $10.00M | -$2.97M | — | — | — |
First Lien Secured Debt Issuer Name Emergency Care Partners, LLC Maturity 10/18/27 | Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | First Lien Secured Debt | $6.95M | $6.91M | $38.0K | 9.80% | +5.50% | — |
First Lien Secured Debt Issuer Name Big Top Holdings, LLC Maturity 02/28/2030 | Manufacturing / Basic Industries Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | First Lien Secured Debt | $6.64M | $6.54M | $98.0K | 9.80% | +5.50% | — |
First Lien Secured Debt Issuer Name Sales Benchmark Index LLC Maturity 07/07/2026 | Business Services Current Coupon 10.50% Basis Point Spread Above Index SOFR+620 | First Lien Secured Debt | $6.64M | $6.61M | $24.0K | 10.50% | +6.20% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Second Lien Secured Debt Issuer Name ENC Parent Corporation - Second Lien Maturity 08/19/2029 | Business Services Current Coupon 12.06% Basis Point Spread Above Index 3M SOFR+776.161 | Second Lien Secured Debt - 3.7% of Net Assets | $6.60M | $7.45M | -$851.0K | 12.06% | +7.76% | — |
First Lien Secured Debt Issuer Name Wash & Wax Systems LLC Maturity 04/30/2028 | Business Services Current Coupon 9.50% Basis Point Spread Above Index SOFR+550 | First Lien Secured Debt | $6.56M | $6.55M | $8.0K | 9.50% | +5.50% | — |
First Lien Secured Debt Issuer Name Global Holdings InterCo LLC Maturity 03/16/26 | Banking, Finance, Insurance & Real Estate Current Coupon 9.97% Basis Point Spread Above Index SOFR+560 | First Lien Secured Debt | $6.34M | $6.61M | -$260.0K | 9.97% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name OSP Embedded Purchaser, LLC Maturity 12/17/2029 | Aerospace and Defense Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 84.3% of Net Assets | $6.30M | $6.31M | -$9.0K | 10.07% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name GGG MIDCO, LLC Maturity 09/27/2030 | Home and Office Furnishings, Housewares and Durable Consumer Products Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 84.3% of Net Assets | $6.17M | $6.12M | $59.0K | 9.32% | +5.00% | — |
First Lien Secured Debt Issuer Name Project Granite Buyer, Inc. Maturity 12/31/2030 | Business Services Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | First Lien Secured Debt | $6.04M | $5.93M | $113.0K | 10.05% | +5.75% | — |
First Lien Secured Debt Issuer Name Hancock Roofing and Construction L.L.C. Maturity 12/31/26 | Insurance Current Coupon 9.90% Basis Point Spread Above Index SOFR+560 | First Lien Secured Debt | $6.00M | $6.03M | -$31.0K | 9.90% | +5.60% | — |
First Lien Secured Debt Issuer Name Boss Industries, LLC Maturity 12/27/2030 | Conglomerate Manufacturing Current Coupon 9.30% Basis Point Spread Above Index SOFR+500 | First Lien Secured Debt | $5.97M | $5.93M | $39.0K | 9.30% | +5.00% | — |
First Lien Secured Debt Issuer Name Inovex Information Systems Incorporated Maturity 12/17/30 | Business Services Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $5.97M | $5.93M | $39.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Cornerstone Advisors of Arizona, LLC Maturity 05/13/2032 | Consulting Services Current Coupon 9.05% Basis Point Spread Above Index 3M SOFR+475 | First Lien Secured Debt - 84.3% of Net Assets | $5.97M | $5.97M | $0.00 | 9.05% | +4.75% | — |
Investments in Non-Controlled, Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Cascade Environmental Holdings, LLC | Environmental Services | Preferred Equity/Partnership Interests - 1.6% of Net Assets | $5.89M | $32.79M | -$26.90M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name ACP Avenu Buyer, LLC Maturity 10/02/2029 | Business Services Current Coupon 9.03% Basis Point Spread Above Index 3M SOFR+475 | First Lien Secured Debt - 84.3% of Net Assets | $5.87M | $5.89M | -$15.0K | 9.03% | +4.75% | — |
First Lien Secured Debt Issuer Name PCS Midco, Inc. Maturity 03/01/2030 | Financial Services Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | First Lien Secured Debt | $5.80M | $5.70M | $97.0K | 10.05% | +5.75% | — |
First Lien Secured Debt Issuer Name DRI Holding Inc. Maturity 12/21/28 | Media Current Coupon 9.68% Basis Point Spread Above Index SOFR+535 | First Lien Secured Debt | $5.70M | $5.44M | $266.0K | 9.68% | +5.35% | — |
First Lien Secured Debt Issuer Name Imagine Acquisitionco, LLC Maturity 11/15/27 | Business Services Current Coupon 9.42% Basis Point Spread Above Index SOFR+510 | First Lien Secured Debt | $5.45M | $5.41M | $40.0K | 9.42% | +5.10% | — |
First Lien Secured Debt Issuer Name PL Acquisitionco, LLC Maturity 11/09/2027 | Retail Current Coupon 11.50% Basis Point Spread Above Index SOFR+725 | First Lien Secured Debt | $5.34M | $8.54M | -$3.20M | 11.50% | +7.25% | — |
First Lien Secured Debt Issuer Name Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) Maturity 06/16/2029 | Professional Services Current Coupon 10.04% Basis Point Spread Above Index SOFR+575 | First Lien Secured Debt | $5.30M | $5.36M | -$64.0K | 10.04% | +5.75% | — |
First Lien Secured Debt Issuer Name Burgess Point Purchaser Corporation Maturity 07/25/2029 | Auto Sector Current Coupon 9.65% Basis Point Spread Above Index SOFR+535 | First Lien Secured Debt | $5.27M | $5.93M | -$662.0K | 9.65% | +5.35% | — |
First Lien Secured Debt Issuer Name Crane 1 Services, Inc. Maturity 08/16/27 | Personal, Food and Miscellaneous Services Current Coupon 9.69% Basis Point Spread Above Index SOFR+536 | First Lien Secured Debt | $5.25M | $5.25M | -$9.0K | 9.69% | +5.36% | — |
Equity Securities Issuer Name Wash & Wax Systems LLC | — | (Common) | $5.14M | $5.00M | $139.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name NP Riverhead Industrial, LLC Maturity 07/10/2025 | Buildings and Real Estate Current Coupon 14.50% | First Lien Secured Debt - 84.3% of Net Assets | $5.05M | $5.00M | $47.0K | 14.50% | — | — |
First Lien Secured Debt Issuer Name US Fertility Enterprises, LLC Maturity 10/07/1931 | Healthcare, Education and Childcare Current Coupon 8.78% Basis Point Spread Above Index SOFR+450 | First Lien Secured Debt | $5.00M | $4.94M | $57.0K | 8.78% | +4.50% | — |
First Lien Secured Debt Issuer Name Duggal Acquisition, LLC Maturity 09/30/30 | Marketing Services Current Coupon 9.05% Basis Point Spread Above Index SOFR+475 | First Lien Secured Debt | $4.96M | $4.92M | $41.0K | 9.05% | +4.75% | — |
First Lien Secured Debt Issuer Name Aechelon Technology Maturity 08/16/2029 | Aerospace and Defense Current Coupon 10.83% Basis Point Spread Above Index SOFR+650 | First Lien Secured Debt | $4.85M | $4.76M | $86.0K | 10.83% | +6.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Schlesinger Global, Inc. Maturity 07/21/2025 | Business Services Current Coupon 12.92% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+860 | First Lien Secured Debt - 84.3% of Net Assets | $4.84M | $5.09M | -$253.0K | 12.92% | +8.60% | — |
First Lien Secured Debt Issuer Name Seacoast Service Partners, LLC Maturity 12/20/2029 | Diversified Conglomerate Service Current Coupon 9.30% Basis Point Spread Above Index SOFR+500 | First Lien Secured Debt | $4.80M | $4.94M | -$137.0K | 9.30% | +5.00% | — |
First Lien Secured Debt Issuer Name Ad.net Acquisition, LLC Maturity 05/07/2026 | Media Current Coupon 10.56% Basis Point Spread Above Index SOFR+626 | First Lien Secured Debt | $4.80M | $4.80M | $0.00 | 10.56% | +6.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Beta Plus Technologies, Inc. Maturity 07/02/2029 | Business Services Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 84.3% of Net Assets | $4.75M | $4.80M | -$51.0K | 10.05% | +5.75% | — |
First Lien Secured Debt Issuer Name DRS Holdings III, Inc. Maturity 11/03/25 | Consumer Products Current Coupon 9.58% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $4.60M | $4.63M | -$30.0K | 9.58% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name First Medical Associates Maturity 06/13/2031 | Healthcare, Education and Childcare Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 84.3% of Net Assets | $4.46M | $4.46M | $0.00 | 10.07% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name WCP Ivyrehab QP CF Feeder, LP | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $4.43M | $3.79M | $638.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Seaway Buyer, LLC Maturity 06/13/2029 | Chemicals, Plastics and Rubber Current Coupon 10.47% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt - 84.3% of Net Assets | $4.40M | $4.62M | -$221.0K | 10.47% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name SSC Dominion Holdings, LLC | Electronics | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $4.36M | $36.0K | $4.32M | — | — | — |
First Lien Secured Debt Issuer Name IG Investments Holdings, LLC Maturity 09/22/28 | Business Services Current Coupon 9.29% Basis Point Spread Above Index SOFR+500 | First Lien Secured Debt | $4.33M | $4.31M | $15.0K | 9.28% | +5.00% | — |
Subordinated Debt Issuer Name Wash & Wax Systems LLC - Sub Deb Maturity 07/30/2028 | Business Services Current Coupon 12.00% | Subordinated Debt | $4.29M | $4.29M | $0.00 | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name GMP Hills, LP | Distribution | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $4.08M | $3.75M | $338.0K | — | — | — |
First Lien Secured Debt Issuer Name Five Star Buyer, Inc. Maturity 02/23/28 | Hotels, Motels, Inns and Gaming Current Coupon 11.46% Basis Point Spread Above Index SOFR+715 | First Lien Secured Debt | $4.08M | $4.11M | -$35.0K | 11.46% | +7.15% | — |
First Lien Secured Debt Issuer Name RRA Corporate, LLC Maturity 08/15/2029 | Business Services Current Coupon 9.54% Basis Point Spread Above Index SOFR+525 | First Lien Secured Debt | $3.94M | $3.94M | -$1.0K | 9.54% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Safe Haven Defense US LLC Maturity 05/23/2029 | Building Materials Current Coupon 9.57% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $3.93M | $3.88M | $51.0K | 9.57% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Berwick Industrial Park Maturity 08/02/2025 | Buildings and Real Estate Current Coupon 13.00% | First Lien Secured Debt - 84.3% of Net Assets | $3.92M | $4.01M | -$86.0K | 13.00% | — | — |
First Lien Secured Debt Issuer Name Riverpoint Medical, LLC Maturity 06/21/2027 | Healthcare, Education and Childcare Current Coupon 9.30% Basis Point Spread Above Index SOFR+500 | First Lien Secured Debt | $3.90M | $3.90M | $1.0K | 9.30% | +5.00% | — |
First Lien Secured Debt Issuer Name Graffiti Buyer, Inc. Maturity 08/10/27 | Distribution Current Coupon 9.90% Basis Point Spread Above Index SOFR+560 | First Lien Secured Debt | $3.89M | $3.94M | -$45.0K | 9.90% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name ORL Acquisition, Inc. Maturity 09/03/2027 | Business Services Current Coupon 13.73% (PIK 7.50%) Basis Point Spread Above Index 3M SOFR+940 | First Lien Secured Debt - 84.3% of Net Assets | $3.89M | $4.29M | -$397.0K | 13.73% | +9.40% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Quad (U.S.) Co-Invest, L.P. | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $3.87M | $2.61M | $1.27M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name A1 Garage Equity, LLC | Personal, Food and Miscellaneous Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $3.66M | $2.19M | $1.47M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Capital Construction, LLC Maturity 10/22/2026 | Consumer Services Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 84.3% of Net Assets | $3.63M | $3.63M | $0.00 | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Cowboy Parent LLC | Distribution | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $3.62M | $3.02M | $608.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name Beacon Behavioral Holdings LLC Maturity 06/21/2030 | Healthcare, Education and Childcare Current Coupon PIK 15.00% | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | $3.58M | $3.58M | $6.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name STG Distribution, LLC (fka Reception Purchaser) - First Out New Money Term Loans Maturity 10/03/2029 | Transportation Current Coupon 12.66% (PIK 7.25%) Basis Point Spread Above Index 3M SOFR+835 | First Lien Secured Debt - 84.3% of Net Assets | $3.57M | $4.04M | -$473.0K | 12.66% | +8.35% | — |
First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/25 | Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 0.00% | First Lien Secured Debt | $3.57M | $4.69M | -$1.12M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name ITC Infusion Co-invest, LP | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $3.52M | $1.67M | $1.85M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Mineola 212, LLC Maturity 12/24/2025 | Buildings and Real Estate Current Coupon 13.00% | First Lien Secured Debt - 84.3% of Net Assets | $3.50M | $3.51M | -$11.0K | 13.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Atlas Purchaser, Inc. - Third Out Maturity 05/06/2028 | Telecommunications | First Lien Secured Debt - 84.3% of Net Assets | $3.49M | $7.71M | -$4.21M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name AMCSI Crash Co-Invest, LP | Auto Sector | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $3.49M | $2.49M | $996.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name MDI Aggregator, LP | Chemicals, Plastics and Rubber | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $3.44M | $3.23M | $210.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Aechelon InvestCo, LP | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $3.44M | $1.07M | $2.37M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Second Lien Secured Debt Issuer Name Team Services Group, LLC Maturity 12/18/2028 | Healthcare, Education and Childcare Current Coupon 13.54% Basis Point Spread Above Index 3M SOFR+926.161 | Second Lien Secured Debt - 3.7% of Net Assets | $3.41M | $3.43M | -$15.0K | 13.54% | +9.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name FedHC InvestCo II LP | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $3.04M | $2.30M | $734.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Gauge Lash Coinvest LLC | Consumer Products | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $3.00M | $951.0K | $2.04M | — | — | — |
First Lien Secured Debt Issuer Name Teneo Holdings LLC Maturity 03/13/2031 | Business Services Current Coupon 9.08% Basis Point Spread Above Index SOFR+475 | First Lien Secured Debt | $2.99M | $2.93M | $54.0K | 9.08% | +4.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name RRA Corporate, LLC Maturity 08/15/2029 | Business Services Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 84.3% of Net Assets | $2.98M | $2.97M | $6.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Lash OpCo, LLC Maturity 02/18/2027 | Consumer Products Current Coupon 12.14% (PIK 5.10%) Basis Point Spread Above Index 3M SOFR+785 | First Lien Secured Debt - 84.3% of Net Assets | $2.96M | $3.00M | -$40.0K | 12.14% | +7.85% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name STG Distribution, LLC (fka Reception Purchaser) - Second Out Term Loans Maturity 10/03/2029 | Transportation Current Coupon 5.42% | First Lien Secured Debt - 84.3% of Net Assets | $2.95M | $5.66M | -$2.70M | 5.42% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Kinetic Purchaser, LLC Maturity 11/10/2027 | Consumer Products Current Coupon 10.45% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt - 84.3% of Net Assets | $2.94M | $3.04M | -$95.0K | 10.45% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name ENC Parent Corporation Maturity 08/20/2029 | Business Services Current Coupon 8.81% Basis Point Spread Above Index 3M SOFR+451.161 | First Lien Secured Debt - 84.3% of Net Assets | $2.88M | $3.04M | -$159.0K | 8.81% | +4.51% | — |
First Lien Secured Debt Issuer Name Meadowlark Acquirer, LLC Maturity 12/10/2027 | Business Services Current Coupon 9.95% Basis Point Spread Above Index SOFR+565 | First Lien Secured Debt | $2.86M | $2.87M | -$13.0K | 9.95% | +5.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Lash OpCo, LLC - Funded Revolver Maturity 08/16/2026 | Consumer Products Current Coupon 12.14% (PIK 5.10%) Basis Point Spread Above Index 3M SOFR+785 | First Lien Secured Debt - 84.3% of Net Assets | $2.73M | $2.79M | -$56.0K | 12.14% | +7.85% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Infogroup Parent Holdings, Inc. | Other Media | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $2.71M | $2.04M | $670.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Blackhawk Industrial Distribution, Inc. - Funded Revolver Maturity 09/17/2026 | Distribution Current Coupon 9.70% Basis Point Spread Above Index 3M SOFR+540 | First Lien Secured Debt - 84.3% of Net Assets | $2.64M | $2.67M | -$33.0K | 9.70% | +5.40% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Lorient Peregrine Investments, LP | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $2.51M | $4.53M | -$2.02M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name C5MI Acquisition, LLC Maturity 07/31/2029 | Business Services Current Coupon 10.30% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 84.3% of Net Assets | $2.47M | $2.44M | $32.0K | 10.30% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Aftermarket Drivetrain Products Holdings, LLC | Machinery | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $2.46M | $1.65M | $810.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Seaway Buyer, LLC - Funded Revolver Maturity 06/13/2028 | Chemicals, Plastics and Rubber Current Coupon 10.47% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt - 84.3% of Net Assets | $2.46M | $2.60M | -$150.0K | 10.47% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Tinicum Space Coast Co-Invest, LLC | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $2.40M | $2.18M | $224.0K | — | — | — |
Equity Securities Issuer Name New Insight Holdings, Inc. - Common Equity | Business Services | Equity Securities | $2.35M | $2.35M | -$4.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Carnegie Dartlet, LLC Maturity 02/07/2030 | Education Current Coupon 9.83% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 84.3% of Net Assets | $2.31M | $2.31M | -$1.0K | 9.83% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Kinetic Purchaser, LLC - Funded Revolver Maturity 11/10/2026 | Consumer Products Current Coupon 10.47% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt - 84.3% of Net Assets | $2.31M | $2.43M | -$122.0K | 10.47% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name eCommission Holding Corporation | Financial Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $2.30M | $905.0K | $1.39M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name OSP PAR Holdings, LP | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $2.23M | $1.81M | $417.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name PCS MIDCO INC Maturity 03/01/2030 | Financial Services Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 84.3% of Net Assets | $2.18M | $2.15M | $29.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name RTIC Subsidiary Holdings, LLC - Funded Revolver Maturity 05/03/2029 | Consumer Products Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 84.3% of Net Assets | $2.13M | $2.17M | -$38.0K | 10.07% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name FedHC InvestCo LP | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $2.05M | $545.0K | $1.50M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Lightspeed Buyer, Inc. Maturity 02/03/2027 | Healthcare, Education and Childcare Current Coupon 9.08% Basis Point Spread Above Index 3M SOFR+475 | First Lien Secured Debt - 84.3% of Net Assets | $2.02M | $2.02M | $0.00 | 9.08% | +4.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Adweek Purchaser, LLC Maturity 05/30/2027 | Printing and Publishing Current Coupon 11.30% Basis Point Spread Above Index 3M SOFR+700 | First Lien Secured Debt - 84.3% of Net Assets | $2.00M | $1.97M | $28.0K | 11.30% | +7.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Northwinds Services Group, LLC | Consumer Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.98M | $1.68M | $298.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Urology Partners Co., L.P. | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.96M | $1.11M | $855.0K | — | — | — |
First Lien Secured Debt Issuer Name Confluent Health, LLC Maturity 11/30/28 | Healthcare, Education and Childcare Current Coupon 11.83% Basis Point Spread Above Index SOFR+750 | First Lien Secured Debt | $1.96M | $1.96M | $0.00 | 11.83% | +7.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name New Medina Health, LLC | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.92M | $1.43M | $490.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Infinity Home Services Holdco, Inc. (CAD) Maturity 12/28/2028 | Personal, Food and Miscellaneous Services Current Coupon 10.30% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 84.3% of Net Assets | $1.92M | $1.89M | $28.0K | 10.30% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Meadowlark Acquirer, LLC Maturity 12/10/2027 | Business Services Current Coupon 9.95% Basis Point Spread Above Index 3M SOFR+565 | First Lien Secured Debt - 84.3% of Net Assets | $1.88M | $1.90M | -$17.0K | 9.95% | +5.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Magnolia Topco LP - Class A | Auto Sector | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $1.76M | $1.54M | $214.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name RRA Corporate, LLC - Funded Revolver Maturity 08/15/2029 | Business Services Current Coupon 9.57% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $1.75M | $1.76M | -$14.0K | 9.57% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Seacoast Service Partners, LLC Maturity 12/20/2029 | Diversified Conglomerate Service Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 84.3% of Net Assets | $1.74M | $1.79M | -$48.0K | 9.32% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name System Planning and Analysis, Inc. - Funded Revolver Maturity 08/16/2027 | Aerospace and Defense Current Coupon 9.06% Basis Point Spread Above Index 3M SOFR+475 | First Lien Secured Debt - 84.3% of Net Assets | $1.73M | $1.75M | -$14.0K | 9.06% | +4.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name IHS Parent Holdings, L.P. | Personal, Food and Miscellaneous Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.69M | $1.22M | $475.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Kentucky Racing Holdco, LLC (Warrants) | Hotels, Motels, Inns and Gaming | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.69M | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Exigo, LLC | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.65M | $1.46M | $187.0K | — | — | — |
First Lien Secured Debt Issuer Name STG Distribution, LLC (fka Reception Purchaser) - First Out New Money Term Loans Maturity 10/03/2029 | Transportation Current Coupon 12.68% Basis Point Spread Above Index SOFR+835 | First Lien Secured Debt | $1.64M | $1.85M | -$217.0K | 12.68% | +8.35% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Marketplace Events Acquisition, LLC | Media | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.60M | $1.46M | $141.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/2025 | Leisure, Amusement, Motion Pictures, Entertainment | First Lien Secured Debt - 84.3% of Net Assets | $1.59M | $2.09M | -$497.0K | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Cascade Environmental Holdings, LLC - Series B | Environmental Services | Preferred Equity/Partnership Interests - 1.6% of Net Assets | $1.57M | $918.0K | $651.0K | — | — | — |
First Lien Secured Debt Issuer Name Dynata, LLC - First Out Term Loan Maturity 07/17/28 | Business Services Current Coupon 9.59% Basis Point Spread Above Index SOFR+526 | First Lien Secured Debt | $1.56M | $1.48M | $81.0K | 9.59% | +5.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name OceanSound Discovery Equity, LP (Holdco Sands Intermediate, LLC) | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.53M | $1.20M | $330.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Ledge Lounger, Inc. - Funded Revolver Maturity 11/09/2026 | Consumer Products Current Coupon 11.95% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+765 | First Lien Secured Debt - 84.3% of Net Assets | $1.52M | $1.62M | -$97.0K | 11.95% | +7.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name EDS Topco, LP | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.51M | $938.0K | $577.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Delta InvestCo LP | Telecommunications | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.44M | $866.0K | $577.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name MDI Buyer, Inc. - Funded Revolver Maturity 07/25/2028 | Chemicals, Plastics and Rubber Current Coupon 11.50% Basis Point Spread Above Index 3M SOFR+375 | First Lien Secured Debt - 84.3% of Net Assets | $1.39M | $1.41M | -$14.0K | 11.50% | +3.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name RFMG Parent, LP | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.38M | $1.05M | $333.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Case Works, LLC - Funded Revolver Maturity 10/01/2029 | Business Services Current Coupon 9.55% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $1.38M | $1.42M | -$32.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Carnegie Holdco, LLC | Education | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.38M | $1.63M | -$255.0K | — | — | — |
First Lien Secured Debt Issuer Name STG Distribution, LLC (fka Reception Purchaser) - Second Out Term Loans Maturity 10/03/2029 | Transportation Current Coupon 5.43% Basis Point Spread Above Index SOFR+760 | First Lien Secured Debt | $1.35M | $2.59M | -$1.24M | 5.43% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name LJ Avalon, LP | Environmental Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.32M | $851.0K | $468.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name BioDerm Holdings, LP | Healthcare, Education and Childcare | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $1.27M | $1.31M | -$37.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name GGG MIDCO, LLC | Home and Office Furnishings, Housewares and Durable Consumer Products | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.27M | $1.22M | $50.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Cartessa Aesthetics, LLC - Funded Revolver Maturity 06/14/2028 | Distribution Current Coupon 10.30% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 84.3% of Net Assets | $1.26M | $1.26M | $0.00 | 10.30% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name GCP Boss Holdco, LLC | Conglomerate Manufacturing | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.25M | $1.04M | $209.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Blackhawk Industrial Distribution, Inc. Maturity 09/17/2026 | Distribution Current Coupon 9.72% Basis Point Spread Above Index 3M SOFR+540 | First Lien Secured Debt - 84.3% of Net Assets | $1.25M | $1.26M | -$11.0K | 9.72% | +5.40% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Rancho Health MSO, Inc. - Funded Revolver Maturity 06/20/2029 | Healthcare, Education and Childcare Current Coupon 9.56% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $1.25M | $1.25M | $0.00 | 9.56% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Watchtower Holdings, LLC | Electronics | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.20M | $1.24M | -$38.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Wash & Wax Systems LLC Maturity 04/30/2028 | Auto Sector Current Coupon PIK 9.78% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 84.3% of Net Assets | $1.20M | $1.20M | $2.0K | — | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Spendmend Holdings LLC Maturity 03/01/2028 | Business Services Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+515 | First Lien Secured Debt - 84.3% of Net Assets | $1.20M | $1.19M | $6.0K | 9.45% | +5.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name LJ Avalon Holdings, LLC Maturity 02/01/2030 | Environmental Services Current Coupon 9.03% Basis Point Spread Above Index 3M SOFR+475 | First Lien Secured Debt - 84.3% of Net Assets | $1.11M | $1.10M | $6.0K | 9.03% | +4.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Icon Partners V C, L.P. | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.08M | $1.14M | -$58.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) | Media | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $1.07M | $1.14M | -$64.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name RTIC Parent Holdings, LLC - Class C | Consumer Products | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $1.06M | $699.0K | $362.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Magnolia Topco LP - Class A-1 | Auto Sector | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $1.06M | $530.0K | $530.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name OSP Embedded Aggregator, LP | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.06M | $871.0K | $188.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Sabel InvestCo, LP | Government Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.06M | $830.0K | $228.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name BioDerm, Inc. - Funded Revolver Maturity 01/31/2028 | Healthcare, Education and Childcare Current Coupon 10.82% Basis Point Spread Above Index 3M SOFR+650 | First Lien Secured Debt - 84.3% of Net Assets | $1.06M | $1.07M | -$13.0K | 10.82% | +6.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name OES Co-Invest, LP - Class A | Diversified Conglomerate Service | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.03M | $847.0K | $186.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Lightspeed Investment Holdco LLC | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $1.02M | $273.0K | $743.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name StoicLane, Inc. - Convertible Notes Maturity 08/16/2027 | Healthcare, Education and Childcare Current Coupon 12.00% Basis Point Spread Above Index | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | $1.01M | $917.0K | $97.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Inovex Information Systems Incorporated - Funded Revolver Maturity 12/17/2030 | Business Services Current Coupon 9.58% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $974.0K | $974.0K | $0.00 | 9.58% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name C5MI Acquisition, LLC - Funded Revolver Maturity 07/31/2029 | Business Services Current Coupon 10.33% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 84.3% of Net Assets | $964.0K | $964.0K | $0.00 | 10.33% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Imagine Topco, LP Preferred | Business Services Current Coupon 8.00% | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $956.0K | $744.0K | $212.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Wash & Wax Systems LLC | Auto Sector | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $943.0K | $917.0K | $26.0K | — | — | — |
First Lien Secured Debt Issuer Name Compex Legal Services, Inc. Maturity 02/09/26 | Business Services Current Coupon 9.85% Basis Point Spread Above Index SOFR+565 | First Lien Secured Debt | $932.0K | $932.0K | $0.00 | 9.85% | +5.55% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Tower Arch Infolinks Media, LP | Media | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $931.0K | $252.0K | $679.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name ACP Big Top Holdings, L.P. | Manufacturing/Basic Industry | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $903.0K | $744.0K | $159.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Marketplace Events Acquisition, LLC Maturity 12/19/2030 | Media Current Coupon 9.55% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $869.0K | $860.0K | $9.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Sigma Defense Systems, LLC - Funded Revolver Maturity 12/20/2027 | Telecommunications Current Coupon 11.47% Basis Point Spread Above Index 3M SOFR+715 | First Lien Secured Debt - 84.3% of Net Assets | $848.0K | $848.0K | $0.00 | 11.47% | +7.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name CJX Borrower, LLC - Funded Revolver Maturity 07/13/2027 | Media Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+576.161 | First Lien Secured Debt - 84.3% of Net Assets | $818.0K | $818.0K | $0.00 | 10.07% | +5.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Pacific Purchaser, LLC Maturity 10/02/2028 | Business Services Current Coupon 10.56% Basis Point Spread Above Index 3M SOFR+625 | First Lien Secured Debt - 84.3% of Net Assets | $811.0K | $809.0K | $2.0K | 10.56% | +6.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name Wash & Wax Systems LLC Maturity 07/30/2028 | Auto Sector Current Coupon 12.00% | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | $786.0K | $788.0K | -$2.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name HV Watterson Holdings, LLC - Funded Revolver Maturity 12/17/2026 | Business Services Current Coupon 12% (PIK 4.00%) | First Lien Secured Debt - 84.3% of Net Assets | $785.0K | $1.25M | -$465.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Ironclad Holdco, LLC (Applied Technical Services, LLC) | Environmental Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $784.0K | $525.0K | $259.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Burgess Point Holdings, LP | Auto Sector | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $781.0K | $777.0K | $4.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Beacon Behavioral Support Service, LLC - Funded Revolver Maturity 06/21/2029 | Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 84.3% of Net Assets | $774.0K | $782.0K | -$8.0K | 9.80% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name TCG 3.0 Jogger Co-Invest, LP | Media | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $768.0K | $1.25M | -$484.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Seaway Topco, LP | Chemicals, Plastics and Rubber | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $750.0K | $2.98M | -$2.23M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name NFS - CFP Holdings LLC | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $749.0K | $663.0K | $86.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Hancock Roofing and Construction L.L.C. Maturity 12/31/2026 | Insurance Current Coupon 9.93% Basis Point Spread Above Index 3M SOFR+560 | First Lien Secured Debt - 84.3% of Net Assets | $746.0K | $750.0K | -$4.0K | 9.93% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name United Land Services Holdings LLC | Environmental Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $724.0K | $600.0K | $124.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) - Funded Revolver Maturity 06/30/2026 | Media Current Coupon 10.20% Basis Point Spread Above Index 3M SOFR+590 | First Lien Secured Debt - 84.3% of Net Assets | $691.0K | $691.0K | $0.00 | 10.20% | +5.90% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Marketplace Events Acquisition, LLC - Funded Revolver Maturity 12/19/2030 | Media Current Coupon 9.57% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $653.0K | $653.0K | $0.00 | 9.57% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Gauge Loving Tan, LP | Consumer Products | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $645.0K | $544.0K | $101.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name AFC Acquisitions, Inc. (F-2 Series) | — | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $619.0K | $749.0K | -$130.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Events Buyer, LLC | Event Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $616.0K | $536.0K | $80.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name SV Aero Holdings, LLC | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $607.0K | $216.0K | $391.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name NORA Parent Holdings, LLC | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $599.0K | $1.25M | -$649.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name GCOM InvestCo LP | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $591.0K | $1.00M | -$412.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name The Vertex Companies, LLC - Funded Revolver Maturity 08/31/2028 | Business Services Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+510 | First Lien Secured Debt - 84.3% of Net Assets | $591.0K | $592.0K | -$1.0K | 9.42% | +5.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Consello Pacific Aggregator, LLC | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $587.0K | $743.0K | -$156.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name TAC LifePort Holdings, LLC | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $575.0K | $239.0K | $336.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name ETE Intermediate II, LLC Maturity 05/29/2029 | Personal, Food and Miscellaneous Services Current Coupon 9.58% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $553.0K | $550.0K | $3.0K | 9.58% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name KL Stockton Co-Invest LP (Any Hour Services) | Personal, Food and Miscellaneous Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $531.0K | $385.0K | $146.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Magnolia Topco LP - Class B | Auto Sector | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $516.0K | $643.0K | -$127.0K | — | — | — |
First Lien Secured Debt Issuer Name Magenta Buyer, LLC -Third out Maturity 07/31/28 | Software Current Coupon 6.05% | First Lien Secured Debt | $508.0K | $2.19M | -$1.69M | 6.05% | — | — |
First Lien Secured Debt Issuer Name Michael Baker International, LLC Maturity 12/18/2028 | Business Services Current Coupon 8.32% Basis Point Spread Above Index SOFR+400 | First Lien Secured Debt | $498.0K | $496.0K | $2.0K | 8.28% | +4.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name HPA SPQ Aggregator LP | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $483.0K | $750.0K | -$267.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Rural Sourcing Holdings, Inc. - Funded Revolver Maturity 06/15/2029 | Business Services Current Coupon 10.08% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 84.3% of Net Assets | $475.0K | $487.0K | -$12.0K | 10.08% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name NXOF Holdings, Inc. (Tyto Athene, LLC) | Aerospace and Defense | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $468.0K | $422.0K | $46.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Halo Buyer, Inc. - Funded Revolver Maturity 08/07/2029 | Consumer Products Current Coupon 12.50% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 84.3% of Net Assets | $464.0K | $495.0K | -$31.0K | 12.50% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name C5MI Holdco, LLC | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $455.0K | $754.0K | -$299.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name SBI Holdings Investments LLC | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $454.0K | $366.0K | $88.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Azureon, LLC - Funded Revolver Maturity 06/26/2029 | Diversified Conglomerate Service Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 84.3% of Net Assets | $453.0K | $464.0K | -$11.0K | 10.07% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name First Medical Holdings, LLC | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $450.0K | $450.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Megawatt Acquisitionco, Inc. - Funded Revolver Maturity 03/01/2030 | Electronics Current Coupon 9.83% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 84.3% of Net Assets | $446.0K | $483.0K | -$37.0K | 9.83% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name PCS Parent, LP | Financial Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $442.0K | $421.0K | $21.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Azureon, LLC | Diversified Conglomerate Service | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $427.0K | $508.0K | -$81.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Sales Benchmark Index LLC - Funded Revolver Maturity 07/07/2026 | Business Services Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+520 | First Lien Secured Debt - 84.3% of Net Assets | $427.0K | $427.0K | $0.00 | 9.50% | +5.20% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name EvAL Home Health Solutions, LLC | Healthcare, Education and Childcare | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $426.0K | $453.0K | -$27.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Omnia Exterior Solutions, LLC - Funded Revolver Maturity 12/31/2029 | Diversified Conglomerate Service Current Coupon 9.57% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $416.0K | $420.0K | -$4.0K | 9.57% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name OHCP V BC COI, L.P. | Distribution | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $413.0K | $700.0K | -$287.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name NORA Acquisition, LLC - Funded Revolver Maturity 08/31/2029 | Healthcare, Education and Childcare Current Coupon 10.65% Basis Point Spread Above Index 3M SOFR+635 | First Lien Secured Debt - 84.3% of Net Assets | $403.0K | $406.0K | -$3.0K | 10.65% | +6.35% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Radius Aerospace, Inc. - Funded Revolver Maturity 03/29/2027 | Aerospace and Defense Current Coupon 10.46% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt - 84.3% of Net Assets | $399.0K | $410.0K | -$11.0K | 10.46% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Compex Legal Services, Inc. - Funded Revolver Maturity 02/07/2026 | Business Services Current Coupon 9.78% Basis Point Spread Above Index 3M SOFR+555 | First Lien Secured Debt - 84.3% of Net Assets | $393.0K | $393.0K | $0.00 | 9.78% | +5.55% | — |
First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. - Incremental TL Maturity 10/31/25 | Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 10.00% | First Lien Secured Debt | $385.0K | $294.0K | $91.0K | 10.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Ro Health Holdings, Inc. | Healthcare Providers & Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $385.0K | $290.0K | $95.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Project Granite Holdings, LLC | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $381.0K | $369.0K | $12.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name North Haven Saints Equity Holdings, LP | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $380.0K | $352.0K | $28.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Seacoast Service Partners, LLC - Funded Revolver Maturity 12/20/2029 | Diversified Conglomerate Service Current Coupon 9.3% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 84.3% of Net Assets | $379.0K | $393.0K | -$14.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Municipal Emergency Services, Inc. Maturity 10/01/2027 | Distribution Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+515 | First Lien Secured Debt - 84.3% of Net Assets | $376.0K | $373.0K | $3.0K | 9.45% | +5.15% | — |
First Lien Secured Debt Issuer Name Magenta Buyer, LLC -First out Maturity 07/31/28 | Software Current Coupon 11.29% Basis Point Spread Above Index SOFR+701 | First Lien Secured Debt | $375.0K | $450.0K | -$75.0K | 11.29% | +7.01% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name AH Newco Equityholdings, LLC | Healthcare, Education and Childcare Current Coupon 6.00% | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $366.0K | $500.0K | -$134.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Accounting Platform Blocker, Inc. | Financial Services | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $356.0K | $356.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Gauge ETE Blocker, LLC | Personal, Food and Miscellaneous Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $352.0K | $374.0K | -$22.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. - Funded Revolver Maturity 01/23/2029 | Media Current Coupon 13.00% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 84.3% of Net Assets | $345.0K | $345.0K | $0.00 | 13.00% | +5.50% | — |
Megawatt | Electronics | Preferred Equity/Partnership Interests | $340.0K | $535.0K | -$195.0K | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Walker Edison Furniture Company, LLC - Junior Revolver Maturity 03/01/2029 | Home and Office Furnishings | First Lien Secured Debt | $333.0K | $3.33M | -$3.00M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Meadowlark Acquirer, LLC - Funded Revolver Maturity 12/10/2027 | Business Services Current Coupon 9.95% Basis Point Spread Above Index 3M SOFR+565 | First Lien Secured Debt - 84.3% of Net Assets | $332.0K | $337.0K | -$5.0K | 9.95% | +5.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Loving Tan Intermediate II, Inc. - Funded Revolver Maturity 05/31/2028 | Consumer Products Current Coupon 9.80% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 84.3% of Net Assets | $330.0K | $332.0K | -$2.0K | 9.80% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Infinity Home Services Holdco, Inc. - Funded Revolver Maturity 12/28/2028 | Personal, Food and Miscellaneous Services Current Coupon 12.50% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 84.3% of Net Assets | $323.0K | $323.0K | $0.00 | 12.50% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Connatix Parent, LLC | Media | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $322.0K | $632.0K | -$310.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Duggal Acquisition, LLC | Marketing Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $319.0K | $314.0K | $5.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Recteq, LLC - Funded Revolver Maturity 01/29/2026 | Consumer Products Current Coupon 11.09% Basis Point Spread Above Index 3M SOFR+700 | First Lien Secured Debt - 84.3% of Net Assets | $311.0K | $313.0K | -$2.0K | 11.09% | +7.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name TPC Holding Company, LP | Food | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $302.0K | $219.0K | $83.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Seacoast Service Partners, LLC | Diversified Conglomerate Service | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $295.0K | $351.0K | -$56.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Ad.net Acquisition, LLC - Funded Revolver Maturity 05/07/2026 | Media Current Coupon 10.56% Basis Point Spread Above Index 3M SOFR+626.161 | First Lien Secured Debt - 84.3% of Net Assets | $292.0K | $292.0K | $0.00 | 10.56% | +6.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Ad.net Holdings, Inc. | Media | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $292.0K | $240.0K | $52.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name OSP Embedded Aggregator, LP - Convertible Note Maturity 05/08/2030 | Aerospace and Defense Current Coupon 12.00% | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | $289.0K | $237.0K | $52.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Inventus Power, Inc. - Funded Revolver Maturity 01/15/2026 | Electronics Current Coupon 11.93% Basis Point Spread Above Index 3M SOFR+761.448 | First Lien Secured Debt - 84.3% of Net Assets | $288.0K | $288.0K | $0.00 | 11.93% | +7.61% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name CJX Borrower, LLC Maturity 07/13/2027 | Media Current Coupon 9.97% Basis Point Spread Above Index 3M SOFR+576.161 | First Lien Secured Debt - 84.3% of Net Assets | $285.0K | $278.0K | $7.0K | 9.97% | +5.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Gauge ETE Blocker, LLC - Promissory Note Maturity 05/21/2029 | Personal, Food and Miscellaneous Services Current Coupon 12.56% | First Lien Secured Debt - 84.3% of Net Assets | $277.0K | $277.0K | $0.00 | — | — | — |
First Lien Secured Debt Issuer Name Magenta Buyer, LLC -Second out Maturity 07/31/28 | Software Current Coupon 11.54% Basis Point Spread Above Index SOFR+726 | First Lien Secured Debt | $271.0K | $587.0K | -$316.0K | 11.54% | +7.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Kinetic Purchaser, LLC - Class AA | Consumer Products | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $271.0K | $135.0K | $136.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name MBS Holdings, Inc. Maturity 04/16/2027 | Telecommunications Current Coupon 9.28% Basis Point Spread Above Index 3M SOFR+510 | First Lien Secured Debt - 84.3% of Net Assets | $268.0K | $267.0K | $1.0K | 9.28% | +5.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name US Fertility Enterprises, LLC Maturity 10/11/2031 | Healthcare, Education and Childcare Current Coupon 8.78% Basis Point Spread Above Index 3M SOFR+450 | First Lien Secured Debt - 84.3% of Net Assets | $264.0K | $267.0K | -$3.0K | 8.78% | +4.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Atlas Purchaser, Inc. - Fourth Out Maturity 05/06/2028 | Telecommunications | First Lien Secured Debt - 84.3% of Net Assets | $262.0K | $794.0K | -$532.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name WCP Ivyrehab Coinvestment, LP | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $245.0K | $208.0K | $37.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Safe Haven Defense MidCo, LLC | Building Materials | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $244.0K | $245.0K | -$1.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Graffiti Buyer, Inc. Maturity 08/10/2027 | Distribution Current Coupon 9.92% Basis Point Spread Above Index 3M SOFR+560 | First Lien Secured Debt - 84.3% of Net Assets | $241.0K | $244.0K | -$3.0K | 9.92% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Spendmend Holdings LLC - Funded Revolver Maturity 03/01/2028 | Business Services Current Coupon 9.38% Basis Point Spread Above Index 3M SOFR+515 | First Lien Secured Debt - 84.3% of Net Assets | $234.0K | $234.0K | $0.00 | 9.38% | +5.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Hancock Claims Consultants Investors, LLC | Insurance | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $230.0K | $450.0K | -$220.0K | — | — | — |
Crane 1 | Personal, Food and Miscellaneous Services | Common Equity/Partnership Interests/Warrants | $221.0K | $104.0K | $117.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Carisk Parent, L.P. | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $197.0K | $204.0K | -$7.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Five Star Buyer, Inc. Maturity 02/23/2028 | Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 11.46% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+715 | First Lien Secured Debt - 84.3% of Net Assets | $193.0K | $197.0K | -$4.0K | 11.46% | +7.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name NEPRT Parent Holdings, LLC (Recteq, LLC) | Consumer Products | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $185.0K | $1.25M | -$1.06M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name The Vertex Companies, LLC Maturity 08/31/2028 | Business Services Current Coupon 9.43% Basis Point Spread Above Index 3M SOFR+510 | First Lien Secured Debt - 84.3% of Net Assets | $182.0K | $180.0K | $2.0K | 9.43% | +5.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name HV Watterson Holdings, LLC Maturity 12/17/2026 | Business Services Current Coupon 12% (PIK 4.00%) | First Lien Secured Debt - 84.3% of Net Assets | $181.0K | $287.0K | -$106.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Five Star Parent Holdings, LLC | Leisure, Amusement, Motion Pictures, Entertainment | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $174.0K | $656.0K | -$482.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. - Incremental Term Loan Maturity 10/31/2025 | Leisure, Amusement, Motion Pictures, Entertainment Current Coupon PIK 10.00% | First Lien Secured Debt - 84.3% of Net Assets | $172.0K | $131.0K | $41.0K | 10.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name ETE Intermediate II, LLC - Funded Revolver Maturity 05/25/2029 | Personal, Food and Miscellaneous Services Current Coupon 9.58% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $166.0K | $166.0K | $0.00 | 9.58% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name AG Investco LP | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $152.0K | $805.0K | -$653.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name RTIC Parent Holdings, LLC - Class D | Consumer Products | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $145.0K | $113.0K | $32.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Hancock Claims Consultants Investors, LLC - Class A | Insurance | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $142.0K | $76.0K | $66.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name PCS MIDCO INC - Funded Revolver Maturity 03/01/2030 | Financial Services Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 84.3% of Net Assets | $133.0K | $132.0K | $1.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Altamira Intermediate Company II, Inc. | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $128.0K | $125.0K | $3.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Kinetic Purchaser, LLC | Consumer Products | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $128.0K | $1.31M | -$1.18M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name C5MI Holdco, LLC | Business Services | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $118.0K | $104.0K | $14.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name UniVista Insurance | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $113.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name StellPen Holdings, LLC | Media | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $112.0K | $154.0K | -$42.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Meadowlark Title, LLC | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $106.0K | $802.0K | -$696.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name IG Investment Holdings LLC Maturity 09/22/2028 | Business Services Current Coupon 9.28% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 84.3% of Net Assets | $103.0K | $103.0K | $0.00 | 9.28% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name QuantiTech InvestCo LP | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $98.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name CF512, Inc. - Funded Revolver Maturity 08/20/2026 | Media Current Coupon 10.60% Basis Point Spread Above Index 3M SOFR+627 | First Lien Secured Debt - 84.3% of Net Assets | $81.0K | $82.0K | -$1.0K | 10.60% | +6.27% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name BLC Holding Company, Inc. - Unfunded Term Loan Maturity 11/20/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | $73.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Dynata, LLC - Last-Out Term Loan Maturity 10/16/2028 | Business Services Current Coupon 10.09% Basis Point Spread Above Index 3M SOFR+576.161 | First Lien Secured Debt - 84.3% of Net Assets | $73.0K | $84.0K | -$11.0K | 10.09% | +5.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Archer Lewis, LLC - Unfunded Term Loan B Maturity 08/28/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | $68.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name AFC Dell Holding Corp. Maturity 04/09/2027 | Distribution Current Coupon 9.83% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 84.3% of Net Assets | $67.0K | $67.0K | $0.00 | 9.83% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Harris & Co. LLC - Unfunded Term Loan B Maturity 02/09/2026 | Financial Services | First Lien Secured Debt - 84.3% of Net Assets | $65.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name MOREGroup Holdings, Inc. - Unfunded Term Loan Maturity 01/16/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | $61.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Commercial Fire Protection Holdings, LLC - Unfunded Term Loan Maturity 09/23/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | $50.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Carisk Buyer, Inc. - Unfunded Term Loan Maturity 12/03/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | $48.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name GGG MIDCO, LLC - Unfunded Term Loan Maturity 09/27/2026 | Home and Office Furnishings, Housewares and Durable Consumer Products | First Lien Secured Debt - 84.3% of Net Assets | $41.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name TWD Parent Holdings, LLC | Business Services | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $41.0K | $30.0K | $11.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name The Vertex Companies, LLC - Unfunded Term Loan Maturity 11/04/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | $36.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Marketplace Events Acquisition, LLC - Unfunded Term Loan Maturity 06/19/2026 | Media | First Lien Secured Debt - 84.3% of Net Assets | $35.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name CJX Borrower, LLC - Unfunded Term Loan Maturity 07/13/2027 | Media | First Lien Secured Debt - 84.3% of Net Assets | $34.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name PCS MIDCO INC - Unfunded Term Loan Maturity 03/02/2026 | Financial Services | First Lien Secured Debt - 84.3% of Net Assets | $34.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Schlesinger Global, Inc. - Funded Revolver Maturity 07/21/2025 | Business Services Current Coupon 12.92% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+860 | First Lien Secured Debt - 84.3% of Net Assets | $32.0K | $34.0K | -$2.0K | 12.92% | +8.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name StoicLane, Inc. - Unfunded Convertible Notes Maturity 08/16/2027 | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | $32.0K | — | — | — | — | — |
Walker Edison Furniture Company LLC | — | Equity Security | $21.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name New Insight Holdings, Inc. | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $20.0K | $20.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Duggal Acquisition, LLC - Unfunded Term Loan Maturity 09/30/2026 | Marketing Services | First Lien Secured Debt - 84.3% of Net Assets | $20.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name SV-Aero Holdings, LLC - Unfunded Term Loan Maturity 11/02/2026 | Aerospace and Defense | First Lien Secured Debt - 84.3% of Net Assets | $18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name RRA Corporate, LLC - Unfunded Term Loan 2 Maturity 08/17/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | $14.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name TransGo, LLC - Unfunded Revolver Maturity 12/29/2028 | Machinery | First Lien Secured Debt - 84.3% of Net Assets | $14.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name AFC Acquisitions, Inc. (G-2 Series) | Distribution | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $14.0K | $18.0K | -$4.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Hills Distribution, Inc. - Unfunded Term Loan Maturity 11/07/2025 | Distribution | First Lien Secured Debt - 84.3% of Net Assets | $13.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Wash & Wax Systems LLC - Funded Revolver Maturity 04/30/2028 | Auto Sector Current Coupon PIK 9.78% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 84.3% of Net Assets | $13.0K | $13.0K | $0.00 | — | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name AFC Acquisitions, Inc. (J-2 Series) | Distribution | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $13.0K | $20.0K | -$7.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name United Land Services Intermediate Parent Holdings, LLC - Unfunded Term Loan Maturity 07/12/2025 | Environmental Services | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | $13.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name VRS Buyer, Inc. - Unfunded Term Loan Maturity 11/23/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | $12.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Carisk Buyer, Inc. - Unfunded Term Loan 2 Maturity 12/03/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | $11.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Project Granite Buyer, Inc. - Unfunded Term Loan Maturity 12/31/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | $11.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Loving Tan Intermediate II, Inc. - Unfunded Term Loan Maturity 07/14/2025 | Consumer Products | First Lien Secured Debt - 84.3% of Net Assets | $10.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Project Granite Buyer, Inc. - Unfunded Revolver Maturity 12/31/2030 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | $9.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name PCS MIDCO INC - Unfunded Revolver Maturity 03/01/2030 | Financial Services | First Lien Secured Debt - 84.3% of Net Assets | $8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Rancho Health MSO, Inc. - Unfunded Term Loan Maturity 06/30/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | $8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name AFC Acquisitions, Inc. (H-2 Series) | Distribution | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $8.0K | $12.0K | -$4.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Connatix Parent, LLC | Media | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $8.0K | $8.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name ORL Holdco, Inc. | Business Services | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $8.0K | $57.0K | -$49.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name QuantiTech InvestCo II LP | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $7.0K | $12.0K | -$5.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name LJ Avalon Holdings, LLC - Unfunded Term Loan Maturity 10/01/2025 | Environmental Services | First Lien Secured Debt - 84.3% of Net Assets | $7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Medina Health, LLC - Unfunded Revolver Maturity 10/20/2028 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | $7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Spendmend Holdings LLC - Unfunded Term Loan 2 Maturity 11/25/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | $7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name AFC Acquisitions, Inc. (I-2 Series) | Distribution | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $7.0K | $12.0K | -$5.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name SP L2 Holdings LLC | Consumer Products | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $7.0K | $81.0K | -$74.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Adweek Purchaser, LLC - Unfunded Term Loan Maturity 11/30/2025 | Printing and Publishing | First Lien Secured Debt - 84.3% of Net Assets | $6.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name EDS Buyer, LLC - Unfunded Revolver Maturity 12/22/2028 | Aerospace and Defense | First Lien Secured Debt - 84.3% of Net Assets | $5.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Gauge Schlesinger Coinvest, LLC | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $4.0K | $10.0K | -$6.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name ORL Holdco, Inc. - Convertible Notes Maturity 03/08/2028 | Business Services Current Coupon 18.00% | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | $4.0K | $6.0K | -$2.0K | 18.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name TWD Parent Holdings, LLC | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $3.0K | $1.0K | $2.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name Schlesinger Global, LLC - Promissory Note Maturity 01/08/2026 | Business Services Current Coupon 12.92% Basis Point Spread Above Index 3M SOFR+860 | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | $3.0K | $1.0K | $2.0K | 12.92% | +8.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Argano, LLC. - Unfunded Term Loan Maturity 10/02/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | $2.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name DRS Holdings III, Inc. Maturity 11/03/2025 | Consumer Products Current Coupon 9.57% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 84.3% of Net Assets | $2.0K | $2.0K | $0.00 | 9.57% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Municipal Emergency Services, Inc. - Unfunded Term Loan 3rd Amendment Maturity 09/28/2027 | Distribution | First Lien Secured Debt - 84.3% of Net Assets | $1.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Urology Management Holdings, Inc. - Unfunded Term Loan A Maturity 09/03/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | $1.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name Gauge Schlesinger Coinvest, LLC - Class A-2 | Business Services | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $1.0K | $1.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Cascade Environmental Holdings, LLC | Environmental Services | Common Equity/Partnership Interests/Warrants - 0.0% of Net Assets | $0.00 | $2.85M | -$2.85M | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Walker Edison Furniture | Home and Office Furnishings | Common Equity/Partnership Interests/Warrants - 0.0% of Net Assets | $0.00 | $6.89M | -$6.89M | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Walker Edison Furniture Company, LLC Maturity 03/01/2029 | Home and Office Furnishings | First Lien Secured Debt | $0.00 | $11.66M | -$11.66M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Ad.net Holdings, Inc. | Media | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $0.00 | $27.0K | -$27.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Atlas Investment Aggregator, LLC | Telecommunications | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $0.00 | $1.61M | -$1.61M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name HV Watterson Holdings, LLC | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $0.00 | $1.60M | -$1.60M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name NXOF Holdings, Inc. | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $0.00 | $108.0K | -$108.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name ORL Holdco, Inc. | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $0.00 | $6.0K | -$6.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Pink Lily Holdco, LLC | Retail | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $0.00 | $1.04M | -$1.04M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name SP L2 Holdings, LLC | Consumer Products | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $0.00 | $882.0K | -$882.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name TPC Holding Company, LP | Food | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | $0.00 | $12.0K | -$12.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name PL Acquisitionco, LLC - | Retail | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $0.00 | $73.0K | -$73.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name RTIC Parent Holdings, LLC - Class A | Consumer Products | Preferred Equity/Partnership Interests - 3.9% of Net Assets | $0.00 | $5.0K | -$5.0K | — | — | — |
Megawatt | Electronics | Common Equity/Partnership Interests/Warrants | $0.00 | $59.0K | -$59.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name ORL Holdco, Inc. - Unfunded Convertible Notes Maturity 03/08/2028 | Business Services | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | -$1.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Beacon Behavioral Support Service, LLC - Unfunded Revolver Maturity 06/21/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Crane 1 Services, Inc. - Unfunded Revolver Maturity 08/16/2027 | Personal, Food and Miscellaneous Services | First Lien Secured Debt - 84.3% of Net Assets | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Loving Tan Intermediate II, Inc. - Unfunded Revolver Maturity 05/31/2028 | Consumer Products | First Lien Secured Debt - 84.3% of Net Assets | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Cornerstone Advisors of Arizona, LLC - Unfunded Revolver Maturity 05/13/2032 | Consulting Services | First Lien Secured Debt - 84.3% of Net Assets | -$4.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name DRS Holdings III, Inc. - Unfunded Revolver Maturity 11/03/2025 | Consumer Products | First Lien Secured Debt - 84.3% of Net Assets | -$4.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Express Wash Intermediate, LLC - Unfunded Revolver Maturity 04/10/2031 | Auto Sector | First Lien Secured Debt - 84.3% of Net Assets | -$4.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Imagine Acquisitionco, LLC - Unfunded Revolver Maturity 11/16/2027 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$4.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Recteq, LLC - Unfunded Revolver Maturity 01/29/2026 | Consumer Products | First Lien Secured Debt - 84.3% of Net Assets | -$4.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name IG Investments Holdings, LLC - Unfunded Revolver Maturity 09/22/2028 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$5.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Impact Advisors, LLC - Unfunded Revolver Maturity 03/19/2032 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$5.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name System Planning and Analysis, Inc. - Unfunded Term Loan Maturity 06/12/2027 | Aerospace and Defense | First Lien Secured Debt - 84.3% of Net Assets | -$5.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Lash OpCo, LLC - Unfunded Revolver Maturity 08/16/2026 | Consumer Products | First Lien Secured Debt - 84.3% of Net Assets | -$6.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Watchtower Intermediate, LLC. - Unfunded Revolver Maturity 12/03/2029 | Electronics | First Lien Secured Debt - 84.3% of Net Assets | -$6.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Argano, LLC. - Unfunded Revolver Maturity 09/13/2029 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Five Star Buyer, Inc. - Unfunded Revolver Maturity 02/23/2028 | Leisure, Amusement, Motion Pictures, Entertainment | First Lien Secured Debt - 84.3% of Net Assets | -$7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Omnia Exterior Solutions, LLC - Unfunded Term Loan 2 Maturity 09/30/2026 | Diversified Conglomerate Service | First Lien Secured Debt - 84.3% of Net Assets | -$7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name The Vertex Companies, LLC - Unfunded Revolver Maturity 08/31/2028 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$7.0K | — | — | — | — | — |
Arcfield | Aerospace and Defense | First Lien Secured Debt | -$8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name CF512, Inc. - Unfunded Revolver Maturity 08/20/2026 | Media | First Lien Secured Debt - 84.3% of Net Assets | -$8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name MDI Buyer, Inc. - Unfunded Revolver Maturity 07/25/2028 | Chemicals, Plastics and Rubber | First Lien Secured Debt - 84.3% of Net Assets | -$8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Rural Sourcing Holdings, Inc. - Unfunded Revolver Maturity 06/15/2029 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$9.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Graffiti Buyer, Inc. - Unfunded Term Loan Maturity 08/10/2027 | Distribution | First Lien Secured Debt - 84.3% of Net Assets | -$10.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Case Works, LLC - Unfunded Revolver Maturity 10/01/2029 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$11.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name RRA Corporate, LLC - Unfunded Revolver Maturity 08/15/2029 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$11.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Case Works, LLC - Unfunded Term Loan Maturity 10/01/2025 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$12.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name VRS Buyer, Inc. - Unfunded Revolver Maturity 11/22/2030 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$12.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Graffiti Buyer, Inc. - Unfunded Revolver Maturity 08/10/2027 | Distribution | First Lien Secured Debt - 84.3% of Net Assets | -$15.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name ORL Acquisition, Inc. - Unfunded Revolver Maturity 09/03/2027 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$15.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Pacific Purchaser, LLC - Unfunded Revolver Maturity 10/02/2028 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$15.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Azureon, LLC - Unfunded Revolver Maturity 06/26/2029 | Diversified Conglomerate Service | First Lien Secured Debt - 84.3% of Net Assets | -$16.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name ACP Avenu Buyer, LLC - Unfunded Term Loan Maturity 04/21/2027 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$17.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name NORA Acquisition, LLC - Unfunded Revolver Maturity 08/31/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | -$17.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Omnia Exterior Solutions, LLC - Unfunded Revolver Maturity 12/31/2029 | Diversified Conglomerate Service | First Lien Secured Debt - 84.3% of Net Assets | -$17.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Icon Partners V C, L.P. - Unfunded | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | -$18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Meadowlark Acquirer, LLC- Unfunded Revolver Maturity 12/10/2027 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$20.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name OHCP V BC COI, L.P. - Unfunded | Distribution | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | -$21.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name AFC Dell Holding Corp. - Unfunded Term Loan Maturity 04/09/2027 | Distribution | First Lien Secured Debt - 84.3% of Net Assets | -$22.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Rural Sourcing Holdings, Inc. - Unfunded Term Loan Maturity 06/26/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$23.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name ACP Avenu Buyer, LLC - Unfunded Revolver Maturity 10/02/2029 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | -$24.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Best Practice Associates, LLC - Unfunded Revolver Maturity 11/08/2029 | Aerospace and Defense | First Lien Secured Debt - 84.3% of Net Assets | -$24.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name OSP Embedded Purchaser, LLC - Unfunded Revolver Maturity 12/17/2029 | Aerospace and Defense | First Lien Secured Debt - 84.3% of Net Assets | -$24.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name System Planning and Analysis, Inc. - Unfunded Revolver Maturity 08/16/2027 | Aerospace and Defense | First Lien Secured Debt - 84.3% of Net Assets | -$24.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name PlayPower, Inc. - Unfunded Revolver Maturity 08/28/2030 | Manufacturing/Basic Industry | First Lien Secured Debt - 84.3% of Net Assets | -$26.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Blackhawk Industrial Distribution, Inc. - Unfunded Revolver Maturity 09/17/2026 | Distribution | First Lien Secured Debt - 84.3% of Net Assets | -$27.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name PAR Excellence Holdings, Inc. - Unfunded Revolver Maturity 09/03/2030 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | -$27.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Seaway Buyer, LLC - Unfunded Revolver Maturity 06/13/2028 | Chemicals, Plastics and Rubber | First Lien Secured Debt - 84.3% of Net Assets | -$30.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Carnegie Dartlet, LLC - Unfunded Revolver Maturity 02/07/2030 | Education | First Lien Secured Debt - 84.3% of Net Assets | -$33.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Seacoast Service Partners, LLC - Unfunded Revolver Maturity 12/20/2029 | Diversified Conglomerate Service | First Lien Secured Debt - 84.3% of Net Assets | -$34.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity/Partnership Interests Issuer Name SP L2 Holdings LLC - Unfunded | Consumer Products | Preferred Equity/Partnership Interests - 3.9% of Net Assets | -$43.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Infinity Home Services Holdco, Inc. - 3rd Amendment Unfunded Term Loan Maturity 10/30/2026 | Personal, Food and Miscellaneous Services | First Lien Secured Debt - 84.3% of Net Assets | -$45.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Radius Aerospace, Inc. - Unfunded Revolver Maturity 03/29/2027 | Aerospace and Defense | First Lien Secured Debt - 84.3% of Net Assets | -$45.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt/Corporate Notes Issuer Name Northwinds Topco, Inc. - Unfunded Term Loan Maturity 10/30/2029 | Consumer Services | Subordinate Debt/Corporate Notes - 6.4% of Net Assets | -$53.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name RTIC Subsidiary Holdings, LLC - Unfunded Revolver Maturity 05/03/2029 | Consumer Products | First Lien Secured Debt - 84.3% of Net Assets | -$57.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Seacoast Service Partners, LLC - Unfunded Term Loan Maturity 12/21/2026 | Diversified Conglomerate Service | First Lien Secured Debt - 84.3% of Net Assets | -$95.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Megawatt Acquisitionco, Inc. - Unfunded Revolver Maturity 03/01/2030 | Electronics | First Lien Secured Debt - 84.3% of Net Assets | -$106.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Kinetic Purchaser, LLC - Unfunded Revolver Maturity 11/10/2026 | Consumer Products | First Lien Secured Debt - 84.3% of Net Assets | -$121.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Halo Buyer, Inc. - Unfunded Revolver Maturity 08/07/2029 | Consumer Products | First Lien Secured Debt - 84.3% of Net Assets | -$135.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name AG Investco LP - Unfunded | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | -$158.0K | — | — | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Walker Edison Furniture Company, LLC - Unfunded Term Loan Maturity 03/01/2029 | Home and Office Furnishings | First Lien Secured Debt | -$312.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name PL Acquisitionco, LLC - Unfunded Revolver Maturity 11/09/2027 | Retail | First Lien Secured Debt - 84.3% of Net Assets | -$615.0K | — | — | — | — | — |
Equity Securities Issuer Name 48Forty Intermediate Holdings, Inc.- Common Equity | Containers, Packaging and Glass | Equity Securities | — | — | — | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies Common Equity Issuer Name Pragmatic Institute, LLC | Business Services | Common Equity - 35.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name AMCSI Crash Co-Invest, LP - Unfunded | Auto Sector | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Aechelon InvestCo, LP - Unfunded | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) | Media | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name BioDerm, Inc. | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Delta InvestCo LP - Unfunded | Telecommunications | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name FedHC InvestCo LP - Unfunded | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Imagine Topco, LP | Business Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Magnolia Topco LP - Class A | Auto Sector | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Magnolia Topco LP - Class B | Auto Sector | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name QuantiTech InvestCo LP - Unfunded | Aerospace and Defense | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Sabel InvestCo, LP - Unfunded | Government Services | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name Tower Arch Infolinks Media, LP - Unfunded | Media | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Partnership Interests/Warrants Issuer Name WCP Ivyrehab QP CF Feeder, LP - Unfunded | Healthcare, Education and Childcare | Common Equity/Partnership Interests/Warrants - 27.5% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name A1 Garage Merger Sub, LLC - Unfunded Revolver Maturity 12/22/2028 | Personal, Food and Miscellaneous Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name ACP Falcon Buyer, Inc. - Unfunded Revolver Maturity 08/01/2029 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Ad.net Acquisition, LLC - Unfunded Revolver Maturity 05/07/2026 | Media | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Aechelon Technology, Inc. - Unfunded Revolver Maturity 08/16/2029 | Aerospace and Defense | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) - Unfunded Revolver Maturity 06/30/2026 | Media | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Archer Lewis, LLC - Unfunded Revolver Maturity 08/28/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name BLC Holding Company, Inc. - Unfunded Revolver Maturity 11/20/2030 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Beacon Behavioral Support Service, LLC - Unfunded Term Loan Maturity 12/22/2025 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Big Top Holdings, LLC - Unfunded Revolver Maturity 02/28/2030 | Manufacturing/Basic Industry | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Boss Industries, LLC - Unfunded Revolver Maturity 12/27/2030 | Conglomerate Manufacturing | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name C5MI Acquisition, LLC - Unfunded Revolver Maturity 07/31/2029 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name CJX Borrower, LLC - Unfunded Revolver Maturity 07/13/2027 | Media | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Capital Construction, LLC - Unfunded Term Loan A Maturity 07/31/2025 | Consumer Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Capital Construction, LLC - Unfunded Term Loan B Maturity 12/30/2025 | Consumer Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Carisk Buyer, Inc. - Unfunded Revolver Maturity 12/03/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Carnegie Dartlet, LLC - Unfunded Term Loan Maturity 02/09/2026 | Education | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Cartessa Aesthetics, LLC - Unfunded Revolver Maturity 06/14/2028 | Distribution | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Commercial Fire Protection Holdings, LLC - Unfunded Revolver Maturity 09/23/2030 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Compex Legal Services, Inc. - Unfunded Revolver Maturity 02/07/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Dr. Squatch, LLC - Unfunded Revolver Maturity 08/31/2027 | Media | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Duggal Acquisition, LLC - Unfunded Revolver Maturity 09/30/2030 | Marketing Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name ETE Intermediate II, LLC - Unfunded Revolver Maturity 05/25/2029 | Personal, Food and Miscellaneous Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Emergency Care Partners, LLC - Unfunded Revolver Maturity 10/18/2027 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Emergency Care Partners, LLC - Unfunded Term Loan Maturity 10/19/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Eval Home Health Solutions Intermediate, LLC - Unfunded Revolver Maturity 05/10/2030 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Exigo Intermediate II, LLC - Unfunded Revolver Maturity 03/15/2027 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name First Medical Associates - Unfunded Revolver Maturity 06/13/2031 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name First Medical Associates - Unfunded Term Loan Maturity 06/13/2027 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name GGG MIDCO, LLC - Unfunded Revolver Maturity 09/27/2030 | Home and Office Furnishings, Housewares and Durable Consumer Products | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name HW Holdco, LLC - Unfunded Revolver Maturity 05/11/2026 | Media | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Harris & Co. LLC - Unfunded Revolver Maturity 08/09/2030 | Financial Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Impact Advisors, LLC - Unfunded Term Loan Maturity 03/21/2027 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Infinity Home Services Holdco, Inc. - Unfunded Revolver Maturity 12/28/2028 | Personal, Food and Miscellaneous Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Inovex Information Systems Incorporated - Unfunded Revolver Maturity 12/17/2030 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Inovex Information Systems Incorporated - Unfunded Term Loan Maturity 12/17/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Inventus Power, Inc. - Unfunded Revolver Maturity 01/15/2026 | Electronics | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name LJ Avalon Holdings, LLC - Unfunded Revolver Maturity 02/01/2029 | Environmental Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Lightspeed Buyer Inc. - Unfunded Revolver Maturity 02/03/2027 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name MBS Holdings, Inc. - Unfunded Revolver Maturity 04/16/2027 | Telecommunications | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name MOREGroup Holdings, Inc. - Unfunded Revolver Maturity 01/16/2030 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Marketplace Events Acquisition, LLC - Unfunded Revolver Maturity 12/19/2030 | Media | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Municipal Emergency Services, Inc. - Unfunded Revolver Maturity 10/01/2027 | Distribution | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name NBH Group LLC - Unfunded Revolver Maturity 08/19/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Rancho Health MSO, Inc. - Unfunded Revolver Maturity 06/20/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Riverpoint Medical, LLC - Unfunded Revolver Maturity 06/21/2027 | Healthcare, Education and Childcare | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Ro Health, LLC - Unfunded Revolver Maturity 01/17/2031 | Healthcare Providers & Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Sabel Systems Technology Solutions, LLC - Unfunded Revolver Maturity 10/31/2030 | Government Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Safe Haven Defense US LLC - Unfunded Revolver Maturity 05/23/2029 | Building Materials | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Sales Benchmark Index LLC - Unfunded Revolver Maturity 07/07/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Sath Industries, LLC - Unfunded Revolver Maturity 12/17/2029 | Event Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Schlesinger Global, Inc. - Unfunded Revolver Maturity 07/21/2025 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Sigma Defense Systems, LLC - Unfunded Revolver Maturity 12/20/2027 | Telecommunications | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Spendmend Holdings LLC - Unfunded Revolver Maturity 03/01/2028 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. - Unfunded Revolver Maturity 01/23/2029 | Media | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name The Bluebird Group LLC - Unfunded Revolver Maturity 07/28/2026 | Business Services | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Issuer Name Wash & Wax Systems LLC - Unfunded Revolver Maturity 04/30/2028 | Auto Sector | First Lien Secured Debt - 84.3% of Net Assets | — | — | — | — | — | — |