The information in the following tables is presented on an aggregate portfolio basis, without regard to whether they are non-controlled, non-affiliated, non-controlled, affiliated or controlled affiliated, investments.

Investments at fair value consisted of the following (in thousands):


	As of June 30, 2025
Investment Type	Cost		Fair Value		Unrealized Appreciation/ (Depreciation)
Unitranche First Lien	$	276,354	$	277,560	$	1,206
Equity		10,449		10,010		(439	)
Total Investments	$	286,803	$	287,570	$	767

The industry composition of investments at fair value is as follows (in thousands):


Industry	Fair Value as of June 30, 2025		Percentage of Fair Value
Software and Services	$	141,480		49.2	%
Healthcare Equipment and Services		75,666		26.3
Commercial and Professional Services		70,424		24.5
Total Investments	$	287,570		100.0	%

The geographic composition of investments at fair value is as follows (in thousands):


Geographic Region	Fair Value as of June 30, 2025		Percentage of Fair Value
United States	$	287,570		100.00	%
Total Investments	$	287,570		100.00	%