v3.25.2
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
In the ordinary course of its business, the Fund enters into contracts or agreements that contain indemnifications or warranties. Future events could occur that might lead to the enforcement of these provisions against the Fund. The Fund believes that the likelihood of such an event is remote; however, the maximum potential exposure is unknown. No accrual has been made in the consolidated financial statements as of June 30, 2025 and December 31, 2024 for any such exposure.
As of June 30, 2025 and December 31, 2024, the Fund had the following unfunded investment commitments:

Portfolio CompanyJune 30, 2025December 31, 2024
360 Holdco, Inc. (360 Training) - Delayed Draw Loan$3,580 $3,580 
AB Centers Acquisition Corporation (Action Behavior Centers) - Delayed Draw Loan1,611 2,346 
ACP Maverick Holdings, Inc.  - Delayed Draw Loan3,636 — 
ACS Celsius Aggregator LP (AirX Climate Solutions Company)19 — 
ADPD Holdings LLC (NearU) - Delayed Draw Loan891 1,246 
All Star Recruiting Locums, LLC (All Star Healthcare Solutions) - Delayed Draw Loan3,943 1,063 
All4 Buyer, LLC - Delayed Draw Loan2,108 — 
AmerCareRoyal, LLC - Delayed Draw Loan3,307 3,307 
Portfolio CompanyJune 30, 2025December 31, 2024
Apex Service Partners, LLC - Delayed Draw Loan— 2,194 
Apex Service Partners, LLC - Revolving Loan1,101 352 
Arax MidCo, LLC - Delayed Draw Loan4,116 — 
Archer Acquisition, LLC (ARMstrong) - Delayed Draw Loan644 729 
Ascend Partner Services LLC - Delayed Draw Loan3,636 12,642 
ASTP Holdings Co-Investment LP (American Student Transportation Partners)82 82 
AWP Group Holdings, Inc. - Delayed Draw Loan1,978 1,978 
Big Apple Advisory, LLC - Delayed Draw Loan4,305 4,305 
Big Apple Advisory, LLC - Revolving Loan1,740 1,740 
Bluebird PM Buyer, Inc. - Delayed Draw Loan1,019 — 
Bridges Consumer Healthcare Intermediate LLC - Delayed Draw Loan4,750 2,439 
CLS Management Services, LLC (Contract Land Staff) - Delayed Draw Loan4,418 4,418 
CMP Ren Partners I-A LP (LMI Consulting, LLC)2 2 
CMP Terrapin Partners I LP (Clarity Innovations, Inc.)6 6 
Coalesce Diamond Coinvest, L.P.200 — 
Cobalt Service Partners, LLC - Delayed Draw Loan9,152 12,048 
Coding Solutions Acquisition, Inc. - Delayed Draw Loan2,065 1,655 
Coding Solutions Acquisition, Inc. - Revolving Loan1,101 138 
Cohen Advisory, LLC - Delayed Draw Loan4,073 4,265 
Cohnreznick Advisory LLC - Delayed Draw Loan3,477 — 
Columbia Home Services LLC - Delayed Draw Loan442 — 
Cool Acquisition Holdings, LP (Universal Air Conditioner, L.L.C.)— 550 
Cool Buyer, Inc. (Universal Air Conditioner, L.L.C.) - Delayed Draw Loan1,000 1,000 
COP Village Green Acquisitions, Inc. (Village Green Holding) - Delayed Draw Loan536 536 
CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Delayed Draw Loan3,487 3,487 
CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Revolving Loan2,567 1,411 
Davidson Hotel Company LLC - Delayed Draw Loan893 930 
Diligent Corporation (fka Diamond Merger Sub II, Corp.) - Delayed Draw Loan2,553 2,553 
DMC Holdco, LLC (DMC Power) - Delayed Draw Loan450 450 
Emburse, Inc. - Delayed Draw Loan529 — 
Emburse, Inc. - Revolving Loan568 — 
ERA Industries, LLC (BTX Precision) - Delayed Draw Loan1,042 135 
EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) - Delayed Draw Loan2,051 2,051 
Excel Fitness Holdings, Inc. - Delayed Draw Loan1,677 1,677 
FirstCall Mechanical Group, LLC - Delayed Draw Loan4,400 13,600 
FoodScience, LLC - Delayed Draw Loan3,946 5,588 
Gannett Fleming, Inc. - Revolving Loan2,131 2,131 
Health Management Associates, Inc. - Delayed Draw Loan— 773 
Heartland Paving Partners, LLC - Delayed Draw Loan621 11,429 
Heartland Veterinary Partners LLC - Delayed Draw Loan— 1,966 
Hermod Co-Invest, LP19 — 
HMN Acquirer Corp. - Delayed Draw Loan2,144 2,144 
Impact Advisors, LLC - Delayed Draw Loan7,143 — 
Impact Parent Corporation (Impact Environmental Group) - Delayed Draw Loan242 — 
INS Co-Invest LP (Inszone)3 3 
INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions) - Delayed Draw Loan— 1,139 
Integrated Power Services Holdings, Inc. - Delayed Draw Loan2,214 3,180 
ISG Enterprises, LLC (Industrial Service Group) - Delayed Draw Loan256 256 
JKC Buyer, Inc. (J. Knipper and Company Inc) - Delayed Draw Loan— — 
Kenco PPC Buyer LLC - Delayed Draw Loan4,920 8,669 
Portfolio CompanyJune 30, 2025December 31, 2024
KENE Acquisition, Inc. (Entrust Solutions Group) - Delayed Draw Loan777 777 
KENG Acquisition, Inc. (Engage PEO) - Delayed Draw Loan8,707 10,074 
KL Bronco Acquisition, Inc. (Elevation Labs) - Delayed Draw Loan497 1,708 
KRIV Acquisition, Inc. (Riveron) - Delayed Draw Loan8,276 8,276 
Lavie Group, Inc. - Delayed Draw Loan651 — 
Low Voltage Holdings Inc. - Delayed Draw Loan650 — 
Low Voltage Holdings Inc. - Revolving Loan311 — 
Matador US Buyer, LLC (Insulation Technology Group) - Delayed Draw Loan249 5,226 
MEI Buyer LLC - Delayed Draw Loan1,855 — 
Mobile Communications America, Inc. - Delayed Draw Loan4,490 4,308 
MPG Parent Holdings, LLC (Market Performance Group) - Delayed Draw Loan4,397 4,397 
NFM & J, L.P. (The Facilities Group) - Delayed Draw Loan1,375 1,375 
North Haven Stack Buyer, LLC - Delayed Draw Loan— 2,839 
Online Labels Group, LLC - Delayed Draw Loan499 771 
Orion Group FM Holdings, LLC (Leo Facilities) - Delayed Draw Loan20,481 20,481 
Ovation Holdings, Inc - Delayed Draw Loan1,164 6,983 
Palmetto Acquisitionco, Inc. (Tech24) - Delayed Draw Loan279 431 
Perennial Services Group, LLC - Delayed Draw Loan540 1,560 
Pinnacle Supply Partners, LLC - Delayed Draw Loan1,571 2,153 
PT Intermediate Holdings III, LLC - Delayed Draw Loan196 196 
R Arax Co-Invest UB, LP (Arax Investment Partners)533 533 
R Chapel Avenue Holdings Co-Invest UB, LP410 — 
RailPros Parent, LLC - Delayed Draw Loan3,158 — 
RailPros Parent, LLC - Revolving Loan1,579 — 
Randys Holdings, Inc. (Randy's Worldwide Automotive) - Delayed Draw Loan1,582 2,903 
Redwood Services Group, LLC (Evergreen Services Group) - Delayed Draw Loan3,720 1,289 
Ridge Trail US Bidco, Inc. (Options IT) - Delayed Draw Loan3,187 3,187 
Ridge Trail US Bidco, Inc. (Options IT) - Revolving Loan775 775 
Rose Paving, LLC - Delayed Draw Loan146 146 
Safety Infrastructure Services Intermediate LLC - Delayed Draw Loan2,877 — 
SCIC Buyer, Inc. - Delayed Draw Loan2,745 — 
Secretariat Advisors LLC - Delayed Draw Loan835 — 
SI Solutions, LLC - Delayed Draw Loan3,960 4,951 
Signia Aerospace, LLC - Delayed Draw Loan108 108 
SkyKnight Financial Holdings LP16 50 
Smith & Howard Advisory LLC - Delayed Draw Loan1,096 2,078 
Specialist Resources Global Inc. - Delayed Draw Loan11,790 11,790 
Sugar PPC Buyer LLC (Sugar Foods) - Delayed Draw Loan3,043 4,348 
Tau Buyer, LLC - Delayed Draw Loan2,519 — 
Tau Buyer, LLC - Revolving Loan1,582 — 
TBRS, Inc. - Delayed Draw Loan1,193 1,953 
TBRS, Inc. - Revolving Loan1,166 1,168 
Thermostat Purchaser III, Inc. - Delayed Draw Loan1,749 3,284 
Thompson Safety LLC - Delayed Draw Loan13,636 — 
Thompson Safety LLC - Revolving Loan1,364 — 
Tidi Legacy Products, Inc. - Delayed Draw Loan4,183 4,183 
Transit Buyer, LLC (Propark Mobility) - Delayed Draw Loan1,132 489 
Trilon Group, LLC - Delayed Draw Loan— 7,896 
TSS Buyer, LLC (Technical Safety Services) - Delayed Draw Loan50 68 
USA Water Intermediate Holdings, LLC - Delayed Draw Loan1,743 3,114 
USALCO - Delayed Draw Loan131 131 
Vensure Employer Services, Inc. - Delayed Draw Loan1,458 2,751 
Portfolio CompanyJune 30, 2025December 31, 2024
Venture Buyer, LLC (Velosio) - Delayed Draw Loan1,349 1,635 
Vertex Service Partners, LLC - Delayed Draw Loan7,194 8,760 
Vessco Midco Holdings, LLC - Delayed Draw Loan2,787 3,365 
Vessco Midco Holdings, LLC - Revolving Loan1,726 1,726 
Watermill Express, LLC - Delayed Draw Loan1,900 — 
WSB Engineering Holdings Inc. - Delayed Draw Loan8,420 361 
YI, LLC (Young Innovations) - Delayed Draw Loan— 3,335 
Total unfunded commitments$266,601 $274,125 
The Fund seeks to carefully consider its unfunded investment commitments for the purpose of planning its ongoing liquidity. As of June 30, 2025, the Fund had adequate financial resources to satisfy its unfunded investment commitments.