| Schedule of Composition of the Fund’s Investment Portfolio at Cost and Fair Value |
The following table presents the composition of the Fund’s investment portfolio at cost and fair value as of December 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | Investments: | | Amortized Cost | | Fair Value | | Percent of Total Investments at Fair Value | | First Lien Loans | | $ | 538,679,295 | | | $ | 537,572,790 | | | 89.9 | % | | Second Lien Loans | | 24,460,213 | | | 24,615,597 | | | 4.1 | | | Unsecured Notes | | 31,862,923 | | | 32,321,649 | | | 5.4 | | | Preferred Equity | | 1,793,313 | | | 1,793,178 | | | 0.3 | | Common Equity | | 1,652,037 | | | 1,736,093 | | | 0.3 | | Total Investments | | $ | 598,447,781 | | | $ | 598,039,307 | | | 100.0 | % |
The geographic composition of investments based on fair value as of December 31, 2025 was as follows: | | | | | | | December 31, 2025 | | U.S | 93.5 | % | | Non-U.S. | 6.5 | | | Total | 100.0 | % |
The industry composition of investments based on fair value as of December 31, 2025 was as follows: | | | | | | | December 31, 2025 | | Capital Markets | 5.9 | % | | Consumer Finance | 2.1 | | | Diversified Consumer Services | 0.4 | | | Financial Services | 21.1 | | | Health Care Providers & Services | 16.2 | | | Health Care Technology | 2.3 | | | Insurance | 17.3 | | | IT Services | 0.8 | | | Professional Services | 16.9 | | | Real Estate Management & Development | 5.2 | | | Software | 10.5 | | | Technology Hardware, Storage & Peripherals | 1.3 | | | Total | 100.0 | % |
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