v3.25.4
CONSOLIDATED SCHEDULE OF INVESTMENTS - CY - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Principal   $ 0
Cost $ 2,988,655,000 347,531,000
Fair Value $ 3,120,386,000 $ 339,136,000
% of Net Assets 148.98% 216.77%
Interest rate swap    
Fund Pays 2.525% 2.525%
Notional Amount $ 40,132,000 $ 41,006,000
Fair Value 3,756,000 5,200,000
Upfront Payments/ Receipts 0 0
Unrealized Appreciation / (Depreciation) $ 3,756,000 $ 5,200,000
Interest rate swap    
Fund Pays 2.53% 2.53%
Notional Amount $ 40,132,000 $ 41,006,000
Fair Value 3,743,000 5,214,000
Upfront Payments/ Receipts 0 0
Unrealized Appreciation / (Depreciation) $ 3,743,000 $ 5,214,000
Interest rate swap    
Fund Pays 4.194% 4.194%
Notional Amount $ 20,064,000 $ 20,500,000
Fair Value (684,000) (215,000)
Upfront Payments/ Receipts 0 0
Unrealized Appreciation / (Depreciation) $ (684,000) $ (215,000)
Interest rate swap    
Fund Pays 4.194% 4.194%
Notional Amount $ 15,244,000 $ 15,576,000
Fair Value (519,000) (127,000)
Upfront Payments/ Receipts 0 0
Unrealized Appreciation / (Depreciation) $ (519,000) $ (127,000)
Interest rate swap    
Fund Pays 4.194% 4.194%
Notional Amount $ 15,244,000 $ 15,576,000
Fair Value (519,000) (173,000)
Upfront Payments/ Receipts 0 0
Unrealized Appreciation / (Depreciation) $ (519,000) $ (173,000)
Interest rate swap    
Fund Pays 4.194% 4.194%
Notional Amount $ 12,972,000 $ 13,254,000
Fair Value (441,000) (177,000)
Upfront Payments/ Receipts 0 0
Unrealized Appreciation / (Depreciation) $ (441,000) $ (177,000)
Interest rate swap    
Fund Pays 4.194% 4.194%
Notional Amount $ 12,195,000 $ 12,460,000
Fair Value (415,000) (132,000)
Upfront Payments/ Receipts 0 0
Unrealized Appreciation / (Depreciation) $ (415,000) (132,000)
Interest rate swap    
Fund Pays 4.059%  
Notional Amount $ 18,750,000  
Fair Value (172,000)  
Upfront Payments/ Receipts 0  
Unrealized Appreciation / (Depreciation) $ (172,000)  
Interest rate swap    
Fund Pays 4.058%  
Notional Amount $ 18,750,000  
Fair Value (169,000)  
Upfront Payments/ Receipts 0  
Unrealized Appreciation / (Depreciation) $ (169,000)  
Interest rate swap    
Fund Pays 3.757%  
Notional Amount $ 65,430,000  
Fair Value (346,000)  
Upfront Payments/ Receipts 0  
Unrealized Appreciation / (Depreciation) $ (346,000)  
Interest rate swap    
Fund Pays 3.759%  
Notional Amount $ 65,430,000  
Fair Value (357,000)  
Upfront Payments/ Receipts 0  
Unrealized Appreciation / (Depreciation) $ (357,000)  
Interest rate swap    
Fund Pays 4.158%  
Notional Amount $ 69,281,000  
Fair Value (1,323,000)  
Upfront Payments/ Receipts 0  
Unrealized Appreciation / (Depreciation) $ (1,323,000)  
Interest rate swap    
Fund Pays 4.158%  
Notional Amount $ 23,094,000  
Fair Value (443,000)  
Upfront Payments/ Receipts 0  
Unrealized Appreciation / (Depreciation) $ (443,000)  
Interest rate swap    
Fund Pays 4.158%  
Notional Amount $ 23,094,000  
Fair Value (442,000)  
Upfront Payments/ Receipts 0  
Unrealized Appreciation / (Depreciation) $ (442,000)  
Interest rate swap    
Fund Pays 4.158%  
Notional Amount $ 23,094,000  
Fair Value (444,000)  
Upfront Payments/ Receipts 0  
Unrealized Appreciation / (Depreciation) $ (444,000)  
Interest rate swap    
Fund Pays 3.875%  
Notional Amount $ 84,750,000  
Fair Value 975,000  
Upfront Payments/ Receipts 0  
Unrealized Appreciation / (Depreciation) $ 975,000  
Interest rate swap    
Fund Pays 3.884%  
Notional Amount $ 84,750,000  
Fair Value 884,000  
Upfront Payments/ Receipts 0  
Unrealized Appreciation / (Depreciation) 884,000  
Interest rate swap    
Notional Amount 632,406,000  
Fair Value 3,084,000 9,590,000
Upfront Payments/ Receipts 0 0
Unrealized Appreciation / (Depreciation) 3,084,000 9,590,000
Investment, Unaffiliated Issuer    
Cost 2,750,308,000 347,531,000
Fair Value $ 2,867,841,000 339,136,000
% of Net Assets 136.91%  
Investment, Affiliated Issuer    
Cost $ 238,347,000  
Fair Value $ 252,545,000 0
% of Net Assets 12.07%  
First lien senior secured loans    
Cost $ 597,964,000  
Fair Value $ 597,891,000  
% of Net Assets 28.54%  
Equity investments | Investment, Unaffiliated Issuer    
Cost $ 2,152,344,000  
Fair Value $ 2,269,950,000  
% of Net Assets 108.37%  
Equity investments | Investment, Affiliated Issuer    
Cost $ 238,347,000  
Fair Value $ 252,545,000  
% of Net Assets 12.07%  
Other equity    
Cost $ 340,995,000 347,531,000
Fair Value 354,399,000 339,136,000
Common equity    
Cost 2,049,696,000 0
Fair Value 2,168,096,000 0
Money Markey Funds    
Cost 347,000  
Fair Value $ 347,000  
% of Net Assets 0.02%  
Senior subordinated loans    
Cost $ 90,449,000 0
Fair Value 89,618,000 0
Chemicals | First Lien Senior Secured Loans    
Cost 7,500,000  
Fair Value $ 7,511,000  
% of Net Assets 0.36%  
Commercial services and supplies | First Lien Senior Secured Loans    
Cost $ 4,492,000  
Fair Value $ 4,500,000  
% of Net Assets 0.21%  
Electric utilities | First Lien Senior Secured Loans    
Cost $ 119,599,000  
Fair Value $ 119,996,000  
% of Net Assets 5.73%  
Electrical equipment | First Lien Senior Secured Loans    
Cost $ 6,178,000  
Fair Value $ 6,182,000  
% of Net Assets 0.30%  
Health care technology | First Lien Senior Secured Loans    
Cost $ 6,839,000  
Fair Value $ 6,839,000  
% of Net Assets 0.33%  
Independent power and renewable electricity producers | Other equity    
Cost $ 340,995,000  
Fair Value $ 354,399,000  
% of Net Assets 16.92%  
Independent power and renewable electricity producers | Common equity    
Cost $ 1,811,349,000  
Fair Value $ 1,915,551,000  
% of Net Assets 91.45%  
Independent power and renewable electricity producers | First Lien Senior Secured Loans    
Cost $ 33,639,000  
Fair Value $ 33,742,000  
% of Net Assets 1.61%  
Insurance | First Lien Senior Secured Loans    
Cost $ 490,000  
Fair Value $ 495,000  
% of Net Assets 0.02%  
IT Services, First Lien Senior Secured Loans | First Lien Senior Secured Loans    
Cost $ 165,173,000  
Fair Value $ 165,173,000  
% of Net Assets 7.88%  
Machinery | First Lien Senior Secured Loans    
Cost $ 2,489,000  
Fair Value $ 2,494,000  
% of Net Assets 0.12%  
Multi-utilities | First Lien Senior Secured Loans    
Cost $ 5,350,000  
Fair Value $ 5,363,000  
% of Net Assets 0.26%  
Oil, gas and consumable fuels | Common equity    
Cost $ 238,347,000  
Fair Value $ 252,545,000  
% of Net Assets 12.07%  
Oil, gas and consumable fuels | First Lien Senior Secured Loans    
Cost $ 137,227,000  
Fair Value $ 137,505,000  
% of Net Assets 6.56%  
Software | First Lien Senior Secured Loans    
Cost $ 18,539,000  
Fair Value $ 18,473,000  
% of Net Assets 0.88%  
IT Services, Senior Subordinated Loans | Senior subordinated loans    
Cost $ 55,104,000  
Fair Value $ 54,314,000  
% of Net Assets 2.59%  
Specialized REITs | Senior subordinated loans    
Cost $ 35,345,000  
Fair Value $ 35,304,000  
% of Net Assets 1.69%  
Investment, Identifier [Axis]: AI Aqua Merger Sub, Inc., First lien senior secured loans    
Coupon [1],[2] 6.85%  
Spread [1],[2] 3.00%  
Principal [1] $ 2,490,000  
Cost [1] 2,489,000  
Fair Value [1] $ 2,494,000  
Investment, Identifier [Axis]: AL GCX Holdings, LLC, First lien senior secured loans    
Coupon [2] 5.98%  
Spread [2] 2.25%  
Principal $ 12,000,000  
Cost 11,955,000  
Fair Value $ 12,008,000  
Investment, Identifier [Axis]: Acrisure, LLC, First lien senior secured loans    
Coupon [2] 6.72%  
Spread [2] 3.00%  
Principal $ 496,000  
Cost 490,000  
Fair Value $ 495,000  
Investment, Identifier [Axis]: Alpha Generation LLC, First lien senior secured loans    
Coupon [2] 5.72%  
Spread [2] 2.00%  
Principal $ 10,258,000  
Cost 10,271,000  
Fair Value $ 10,285,000  
Investment, Identifier [Axis]: Applied Systems, Inc. , First lien senior secured loans    
Coupon [2] 6.17%  
Spread [2] 2.50%  
Principal $ 2,538,000  
Cost 2,538,000  
Fair Value 2,552,000  
Investment, Identifier [Axis]: Aspen Renewables Equity Holdings LLC, Common equity    
Cost [3],[4],[5] 431,267,000  
Fair Value [3],[4],[5] $ 479,667,000  
Shares/ Units [3],[4],[5] 4,900,000  
Investment, Identifier [Axis]: Astoria Energy LLC, First lien senior secured loans 1    
Coupon [2] 6.42%  
Spread [2] 2.75%  
Principal $ 6,989,000  
Cost 6,992,000  
Fair Value $ 7,035,000  
Investment, Identifier [Axis]: Astoria Energy LLC, First lien senior secured loans 2    
Coupon [2] 6.47%  
Spread [2] 2.75%  
Principal $ 2,121,000  
Cost 2,122,000  
Fair Value $ 2,135,000  
Investment, Identifier [Axis]: BCP Renaissance Parent L.L.C., First lien senior secured loans    
Coupon [2] 6.17%  
Spread [2] 2.50%  
Principal $ 8,865,000  
Cost 8,882,000  
Fair Value $ 8,909,000  
Investment, Identifier [Axis]: Bayonne Energy Center, LLC, First lien senior secured loans    
Coupon [2] 6.67%  
Spread [2] 3.00%  
Principal $ 9,113,000  
Cost 9,134,000  
Fair Value $ 9,165,000  
Investment, Identifier [Axis]: Blackfin Pipeline LLC, First lien senior secured loans    
Coupon [2] 6.75%  
Spread [2] 3.00%  
Principal $ 6,000,000  
Cost 5,999,000  
Fair Value $ 6,005,000  
Investment, Identifier [Axis]: Buckeye Partners LP, First lien senior secured loans    
Coupon [2] 5.47%  
Spread [2] 1.75%  
Principal $ 3,992,000  
Cost 3,999,000  
Fair Value 4,011,000  
Investment, Identifier [Axis]: CMH01 Holdings LP, Delayed Draw Term Loan    
Principal $ 125,000,000  
Investment, Identifier [Axis]: CMH01 Holdings LP, First lien senior secured loans    
Coupon [2],[5],[6] 8.03%  
Spread [2],[5],[6] 4.35%  
Principal [5],[6] $ 80,929,000  
Cost [5],[6] 77,179,000  
Fair Value [5],[6] $ 77,179,000  
Investment, Identifier [Axis]: CPPIB OVM Member U.S. LLC, First lien senior secured loans    
Coupon [2] 6.17%  
Spread [2] 2.50%  
Principal $ 2,282,000  
Cost 2,272,000  
Fair Value $ 2,295,000  
Investment, Identifier [Axis]: CPV Fairview, LLC, First lien senior secured loans    
Coupon [2] 6.17%  
Spread [2] 2.50%  
Principal $ 6,000,000  
Cost 6,007,000  
Fair Value 6,021,000  
Investment, Identifier [Axis]: CW Nest Property Owner LLC, Delayed Draw Term Loan    
Principal $ 100,000,000  
Investment, Identifier [Axis]: CW Nest Property Owner LLC, First lien senior secured loans    
Coupon [2],[5],[6] 7.48%  
Spread [2],[5],[6] 3.75%  
Principal [5],[6] $ 18,841,000  
Cost [5],[6] 14,591,000  
Fair Value [5],[6] $ 14,591,000  
Investment, Identifier [Axis]: Calpine Construction Finance Company, L.P. , First lien senior secured loans    
Coupon [2] 5.47%  
Spread [2] 1.75%  
Principal $ 6,354,000  
Cost 6,351,000  
Fair Value $ 6,357,000  
Investment, Identifier [Axis]: Carroll County Energy LLC, First lien senior secured loans    
Coupon [2] 6.42%  
Spread [2] 2.75%  
Principal $ 16,958,000  
Cost 16,995,000  
Fair Value $ 17,021,000  
Investment, Identifier [Axis]: Cloud Software Group, Inc., First lien snior secured loans    
Coupon [2] 6.92%  
Spread [2] 3.25%  
Principal $ 3,985,000  
Cost 3,974,000  
Fair Value $ 3,988,000  
Investment, Identifier [Axis]: Cogentrix Finance Holdco I, LLC, First lien senior secured loans    
Coupon [2] 5.97%  
Spread [2] 2.25%  
Principal $ 11,623,000  
Cost 11,640,000  
Fair Value $ 11,684,000  
Investment, Identifier [Axis]: Colossus AcquireCo LLC, First lien senior secured loans    
Coupon [2] 5.41%  
Spread [2] 1.75%  
Principal $ 10,548,000  
Cost 10,514,000  
Fair Value $ 10,535,000  
Investment, Identifier [Axis]: ConnectWise, LLC, First lien senior secured loans    
Coupon [2] 7.43%  
Spread [2] 3.76%  
Principal $ 4,974,000  
Cost 4,984,000  
Fair Value $ 4,878,000  
Investment, Identifier [Axis]: Cornerstone Generation, LLC, First lien senior secured loans    
Coupon [2] 7.09%  
Spread [2] 3.25%  
Principal $ 8,738,000  
Cost 8,769,000  
Fair Value $ 8,807,000  
Investment, Identifier [Axis]: Covanta Holding Corporation, First lien senior secured loans    
Coupon [2] 5.98%  
Spread [2] 2.25%  
Principal $ 4,500,000  
Cost 4,492,000  
Fair Value 4,500,000  
Investment, Identifier [Axis]: Denali Equity Holdings LLC    
Fair Value $ 2,522,500,000  
% of Net Assets 120.43%  
Investment, Identifier [Axis]: Denali Equity Holdings LLC, Class A units    
Cost [7]   347,531,000
Fair Value [7]   $ 339,136,000
% of Net Assets [7]   216.77%
Shares/ Units [7]   3,749
Investment, Identifier [Axis]: Denali Equity Holdings LLC, Other equity    
Cost [3],[4],[5] $ 340,995,000  
Fair Value [3],[4],[5] $ 354,399,000  
Shares/ Units [3],[4],[5] 3,749,000  
Investment, Identifier [Axis]: EFS Cogen Holdings I LLC, First lien senior secured loans    
Coupon [2] 6.67%  
Spread [2] 3.00%  
Principal $ 4,136,000  
Cost 4,149,000  
Fair Value $ 4,165,000  
Investment, Identifier [Axis]: Ellucian Holdings Inc., First lien senior secured loans    
Coupon [2] 6.47%  
Spread [2] 2.75%  
Principal $ 7,019,000  
Cost 7,043,000  
Fair Value 7,055,000  
Investment, Identifier [Axis]: First American U.S. Treasury Sweep (Y Shares)    
Principal 173,000  
Cost 173,000  
Fair Value $ 173,000  
Dividend Yield 3.45%  
Investment, Identifier [Axis]: First American U.S. Treasury Sweep (Y Shares) 1    
Principal $ 174,000  
Cost 174,000  
Fair Value $ 174,000  
Dividend Yield 3.46%  
Investment, Identifier [Axis]: First lien senior secured loans    
Cost $ 507,515,000  
Fair Value $ 508,273,000  
% of Net Assets 24.27%  
Investment, Identifier [Axis]: Freeport LNG investments, LLLP, First lien senior secured loans    
Coupon [2] 7.15%  
Spread [2] 3.26%  
Principal $ 3,476,000  
Cost 3,465,000  
Fair Value $ 3,477,000  
Investment, Identifier [Axis]: Freeport LNG investments, LLLP, First lien senior secured loans 1    
Coupon [2] 7.12%  
Spread [2] 3.25%  
Principal $ 8,161,000  
Cost 8,128,000  
Fair Value $ 8,185,000  
Investment, Identifier [Axis]: GIP Pilot Acquisition Partners, L.P., First lien senior secured loans    
Coupon [2] 5.94%  
Spread [2] 2.00%  
Principal $ 5,000,000  
Cost 5,013,000  
Fair Value 5,005,000  
Investment, Identifier [Axis]: Galaxy Helios LLC, Delayed Draw Term Loan    
Principal $ 100,000,000  
Investment, Identifier [Axis]: Galaxy Helios LLC, First lien senior secured loans    
Coupon [2],[5],[6] 8.43%  
Spread [2],[5],[6] 4.75%  
Principal [5],[6] $ 62,713,000  
Cost [5],[6] 58,963,000  
Fair Value [5],[6] $ 58,963,000  
Investment, Identifier [Axis]: Hamilton Projects Acquiror, LLC, First lien senior secured loans    
Coupon [2] 6.22%  
Spread [2] 2.50%  
Principal $ 5,333,000  
Cost 5,350,000  
Fair Value $ 5,363,000  
Investment, Identifier [Axis]: Hill Top Energy Center, LLC, First lien senior secured loans    
Coupon [2] 6.92%  
Spread [2] 3.25%  
Principal $ 11,842,000  
Cost 11,886,000  
Fair Value $ 11,945,000  
Investment, Identifier [Axis]: ITT Holdings LLC, First lien senior secured loans    
Coupon [2] 6.19%  
Spread [2] 2.48%  
Principal $ 1,739,000  
Cost 1,740,000  
Fair Value $ 1,748,000  
Investment, Identifier [Axis]: Invenergy Thermal Operating I LLC, First lien senior secured loans    
Coupon [2] 6.41%  
Spread [2] 2.75%  
Principal $ 4,817,000  
Cost 4,830,000  
Fair Value $ 4,830,000  
Investment, Identifier [Axis]: Lackawanna Energy Center LLC, First lien senior secured loans    
Coupon [2] 6.78%  
Spread [2] 3.00%  
Principal $ 12,903,000  
Cost 12,943,000  
Fair Value $ 12,971,000  
Investment, Identifier [Axis]: Lightning Power, LLC, First lien senior secured loans    
Coupon [1],[2] 5.97%  
Spread [1],[2] 2.25%  
Principal [1] $ 2,914,000  
Cost [1] 2,926,000  
Fair Value [1] $ 2,926,000  
Investment, Identifier [Axis]: M6 ETX Holdings II Midco LLC, First lien senior secured loans    
Coupon [2] 6.22%  
Spread [2] 2.50%  
Principal $ 11,472,000  
Cost 11,496,000  
Fair Value 11,525,000  
Investment, Identifier [Axis]: Meade Pipeline Co LLC    
Fair Value 214,956,000 $ 0
Investment, Identifier [Axis]: Meade Pipeline Co LLC, Common equity    
Cost [3],[4],[5] 202,888,000  
Fair Value [3],[4],[5] $ 214,956,000  
Shares/ Units [3],[4],[5] 43,000  
Investment, Identifier [Axis]: Oryx Midstream Services Permian Basin LLC, First lien senior secured loans    
Coupon [2] 5.98%  
Spread [2] 2.25%  
Principal $ 8,413,000  
Cost 8,398,000  
Fair Value $ 8,446,000  
Investment, Identifier [Axis]: Par Petroleum LLC / Par Petroleum Finance Corp, First lien senior secured loans    
Coupon [2] 6.95%  
Spread [2] 3.25%  
Principal $ 1,995,000  
Cost 2,002,000  
Fair Value $ 2,001,000  
Investment, Identifier [Axis]: Pasadena Performance Products, LLC, First lien senior secured loans    
Coupon [2] 6.92%  
Spread [2] 3.25%  
Principal $ 3,889,000  
Cost 3,899,000  
Fair Value 3,884,000  
Investment, Identifier [Axis]: Pioneer JV Holdings LLC, Common equity    
Cost [3],[4],[5],[6] 731,872,000  
Fair Value [3],[4],[5],[6] $ 753,613,000  
Shares/ Units [3],[4],[5],[6] 49,000  
Investment, Identifier [Axis]: Pioneer JV Holdings LLC, Equity    
Principal $ 768,580,000  
Investment, Identifier [Axis]: Potomac Energy Center, LLC, First lien senior secured loans    
Coupon [2] 6.84%  
Spread [2] 3.00%  
Principal $ 12,356,000  
Cost 12,379,000  
Fair Value 12,449,000  
Investment, Identifier [Axis]: PowerHouse Data LCX, LLC, Delayed Draw Term Loan    
Principal $ 75,000,000  
Investment, Identifier [Axis]: PowerHouse Data LCX, LLC, First lien senior secured loans    
Coupon [2],[5],[6] 8.62%  
Spread [2],[5],[6] 4.95%  
Principal [5],[6] $ 15,379,000  
Cost [5],[6] 14,440,000  
Fair Value [5],[6] $ 14,440,000  
Investment, Identifier [Axis]: Prairie ECI Acquiror LP, First lien senior secured loans    
Coupon [2] 7.47%  
Spread [2] 3.75%  
Principal $ 8,825,000  
Cost 8,832,000  
Fair Value $ 8,867,000  
Investment, Identifier [Axis]: Project Ruby Ultimate Parent Corp, First lien senior secured loans    
Coupon [2] 6.58%  
Spread [2] 2.86%  
Principal $ 6,823,000  
Cost 6,839,000  
Fair Value 6,839,000  
Investment, Identifier [Axis]: Redwood Meade Midstream MPC, LLC    
Fair Value 37,589,000 $ 0
Investment, Identifier [Axis]: Redwood Meade Midstream MPC, LLC, Common equity    
Cost [3],[4],[5] 35,459,000  
Fair Value [3],[4],[5] $ 37,589,000  
Shares/ Units [3],[4],[5] 50,000  
Investment, Identifier [Axis]: Retained Vantage Data Centers Intermediate Holdco, L..P, Delayed Draw Term Loan    
Principal $ 185,000,000  
Investment, Identifier [Axis]: Retained Vantage Data Centers Intermediate Holdco, L.P, Senior subordinated loans    
Coupon [2],[5],[6] 9.50%  
Spread [2],[5],[6] 9.50%  
Principal [5],[6] $ 38,542,000  
Cost [5],[6] 35,345,000  
Fair Value [5],[6] $ 35,304,000  
Investment, Identifier [Axis]: SCIH Salt Holdings Inc., First lien senior secured loans    
Coupon [2] 6.52%  
Spread [2] 2.75%  
Principal $ 7,500,000  
Cost 7,500,000  
Fair Value 7,511,000  
Investment, Identifier [Axis]: Senior subordinated loans    
Cost 90,449,000  
Fair Value $ 89,618,000  
% of Net Assets 4.28%  
Investment, Identifier [Axis]: Sierra Equity Holdings LLC, Common equity    
Cost [3],[4],[5],[6] $ 155,587,000  
Fair Value [3],[4],[5],[6] $ 155,587,000  
Shares/ Units [3],[4],[5],[6] 4,900,000  
Investment, Identifier [Axis]: Sierra Equity Holdings LLC, Equity    
Principal $ 425,424,000  
Investment, Identifier [Axis]: South Field Energy LLC, First lien senior secured loans    
Coupon [2] 6.67%  
Spread [2] 3.00%  
Principal $ 10,937,000  
Cost 10,935,000  
Fair Value 11,006,000  
Investment, Identifier [Axis]: Stack SJ Holdings Parent A-I, LLC, Delayed Draw Term Loan    
Principal $ 137,500,000  
Investment, Identifier [Axis]: Stack SJ Holdings Parent A-I, LLC, Senior subordinated loans    
Coupon [2],[5],[6] 9.25%  
Spread [2],[5],[6] 9.25%  
Principal [5],[6] $ 55,742,000  
Cost [5],[6] 55,104,000  
Fair Value [5],[6] $ 54,314,000  
Investment, Identifier [Axis]: Talen Energy Supply LLC , First lien senior secured loans    
Coupon [1],[2] 5.67%  
Spread [1],[2] 2.00%  
Principal [1] $ 11,461,000  
Cost [1] 11,440,000  
Fair Value [1] 11,454,000  
Investment, Identifier [Axis]: Tango Holdings LLC, Common equity    
Cost [3],[4],[5],[6] 492,623,000  
Fair Value [3],[4],[5],[6] $ 526,684,000  
Shares/ Units [3],[4],[5],[6] 488,168,000  
Investment, Identifier [Axis]: Tango Holdings, LLC, Equity    
Principal $ 517,419,000  
Investment, Identifier [Axis]: TerraForm Power Operating, LLC , First lien senior secured loans    
Coupon [2] 5.67%  
Spread [2] 2.00%  
Principal $ 3,484,000  
Cost 3,469,000  
Fair Value $ 3,482,000  
Investment, Identifier [Axis]: TransMontaigne Operating Company L.P., First lien senior secured loans    
Coupon [2] 6.22%  
Spread [2] 2.50%  
Principal $ 13,507,000  
Cost 13,544,000  
Fair Value $ 13,591,000  
Investment, Identifier [Axis]: Traverse Midstream Partners LLC, First lien senior secured loans    
Coupon [2] 6.34%  
Spread [2] 2.50%  
Principal $ 8,250,000  
Cost 8,292,000  
Fair Value $ 8,258,000  
Investment, Identifier [Axis]: Venture Global, First lien senior secured loans 1    
Coupon [1] 5.94%  
Spread [1] 2.23%  
Principal [1] $ 1,577,000  
Cost [1] 1,581,000  
Fair Value [1] $ 1,568,000  
Investment, Identifier [Axis]: Venture Global, First lien senior secured loans 2    
Coupon [1],[2],[5] 5.94%  
Spread [1],[2],[5] 2.23%  
Principal [1],[5] $ 197,000  
Cost [1],[5] 198,000  
Fair Value [1],[5] $ 196,000  
Investment, Identifier [Axis]: WEC US Holdings Inc., First lien senior secured loans    
Coupon [2] 5.87%  
Spread [2] 2.00%  
Principal $ 6,174,000  
Cost 6,178,000  
Fair Value $ 6,182,000  
Investment, Identifier [Axis]: WhiteWater Matterhorn Holdings, LLC, First lien senior secured loans    
Coupon [2] 5.92%  
Spread [2] 2.25%  
Principal $ 3,550,000  
Cost 3,548,000  
Fair Value $ 3,560,000  
Investment, Identifier [Axis]: WhiteWater Whistler Holdings, LLC, First lien senior secured loans    
Coupon [2] 5.44%  
Spread [2] 1.75%  
Principal $ 13,487,000  
Cost 13,470,000  
Fair Value $ 13,431,000  
[1] This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “1940 Act”). Under the 1940 Act, the Fund may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Fund's total assets. Pursuant to Section 55(a) of the 1940 Act, 0.54% of the Fund's total assets are represented by investments at fair value and other assets that are considered “non-qualifying assets” as of December 31, 2025.
[2] Variable rate loans to the Fund’s portfolio companies bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate (“SOFR”) or an alternate base rate (commonly based on the Federal Funds Rate or the Prime Rate), at the borrower’s option, which reset annually (A), semiannually (S), quarterly (Q), bi-monthly (B), monthly (M) or daily (D). For each such loan, the Fund has provided the interest rate in effect on the date presented. Coupon rate represents the all-in rate as of December 31, 2025.
[3] Securities exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”) and may be deemed “restricted securities” subject to legal restrictions on sales. As of December 31, 2025, the aggregate fair value of these securities is $2,522.5 million, or 120.43% of the Fund’s (as defined below) total assets, may be subject to legal restrictions on sales.
[4] These assets are pledged as collateral under the Fund’s or the Fund’s consolidated subsidiaries’ various credit facilities and, as a result, are not directly available to the creditors of the Fund to satisfy any obligations of the Fund other than the obligations under each of the respective credit facilities (see “Note 5. Debt to the consolidated financial statements for more information).
[5] These investments were valued using significant unobservable inputs and are considered Level 3 investments. See “Note 8. Fair Value of Financial Instruments” to the consolidated financial statements for more information regarding the fair value of the Fund’s investment.
[6] As of December 31, 2025, the Fund had commitments to fund various delayed draw term loans and equity investments. Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and there can be no assurance that such conditions will be satisfied. See “Note 7. Commitments and Contingencies” to the consolidated financial statements for more information on delayed draw term loan commitments related to certain portfolio companies.
[7] The fair value of the Fund’s investment is determined using unobservable inputs that are significant to the overall fair value measurement. See “Note 8. Fair Value of Financial Instruments” to the consolidated financial statements for more information regarding the fair value of the Fund’s investment.