Investments (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Investments [Line Items]

Schedule of investment portfolio at amortized cost and fair value


	As of March 31, 2026
		Amortized Cost		Percentage of Total Portfolio				Fair Value		Percentage of Total Portfolio
First Lien Senior Secured Loan	$		1,671,244		67.2	%	$		1,631,124		66.0	%
Second Lien Senior Secured Loan			29,846		1.2				30,069		1.2
Subordinated Debt			88,992		3.6				81,721		3.3
Preferred Equity			126,322		5.1				165,100		6.7
Equity Interest			130,526		5.3				167,325		6.8
Warrants			—		—				768		0.0
Subordinated Notes in Investment Vehicles (1)			369,709		14.9				357,639		14.5
Preferred Equity Interest in Investment Vehicles (1)			10		0.0				1,836		0.1
Equity Interests in Investment Vehicles (1)			66,209		2.7				35,216		1.4
Total	$		2,482,858		100.0	%	$		2,470,798		100.0	%

(1)

Represents debt and equity investment in ISLP and SLP.


	As of December 31, 2025
	Amortized Cost		Percentage of Total Portfolio			Fair Value		Percentage of Total Portfolio
First Lien Senior Secured Loans	$	1,625,569		64.9	%	$	1,598,731		63.8	%
Second Lien Senior Secured Loans		29,819		1.2			30,020		1.2
Subordinated Debt		99,272		4.0			95,687		3.8
Preferred Equity		121,965		4.9			157,244		6.3
Equity Interests		199,100		8.0			226,663		9.0
Warrants		—		0.0			1,045		0.0
Subordinated Notes in Investment Vehicles (1)		360,724		14.4			348,654		13.9
Preferred Equity Interest in Investment Vehicles (1)		10		0.0			1,836		0.1
Equity Interests in Investment Vehicles (1)		66,208		2.6			48,561		1.9
Total	$	2,502,667		100.0	%	$	2,508,441		100.0	%

(1)

Represents debt and equity investment in ISLP and SLP.

Schedule of investment by geographic region


	As of March 31, 2026
		Amortized Cost		Percentage of Total Portfolio				Fair Value		Percentage of Total Portfolio
USA	$		2,235,249		90.1	%	$		2,178,973		88.3	%
United Kingdom			58,325		2.4				59,437		2.4
Belgium			32,431		1.3				53,697		2.2
Cayman Islands			33,292		1.3				49,616		2.0
Canada			35,398		1.4				36,741		1.5
Australia			7,346		0.3				22,482		0.9
Luxembourg			21,375		0.9				22,308		0.9
Germany			21,004		0.8				13,502		0.5
Ireland			16,929		0.7				12,462		0.5
Jersey			6,576		0.3				6,580		0.3
Guernsey			5,867		0.2				5,830		0.2
Netherlands			4,480		0.2				4,537		0.2
France			3,447		0.1				3,514		0.1
Bermuda			752		0.0				751		0.0
New Zealand			387		0.0				368		0.0
Total	$		2,482,858		100.0	%	$		2,470,798		100.0	%


	As of December 31, 2025
	Amortized Cost		Percentage of Total Portfolio			Fair Value		Percentage of Total Portfolio
USA	$	2,196,416		87.8	%	$	2,159,520		86.0	%
Cayman Islands		100,047		4.0			106,554		4.1
United Kingdom		55,273		2.2			58,396		2.3
Belgium		31,971		1.3			54,971		2.2
Canada		35,522		1.4			36,714		1.5
Luxembourg		20,836		0.8			22,312		0.9
Australia		5,534		0.2			20,114		0.8
Germany		20,482		0.8			16,371		0.7
Ireland		14,534		0.6			10,380		0.4
Italy		6,112		0.2			6,715		0.3
Jersey		6,343		0.3			6,460		0.3
France		3,802		0.2			3,932		0.2
Guernsey		3,753		0.1			3,832		0.2
Netherlands		1,678		0.1			1,826		0.1
New Zealand		364		0.0			344		0.0
Total	$	2,502,667		100.0	%	$	2,508,441		100.0	%

Schedule of investment by industry


	As of March 31, 2026
		Amortized Cost		Percentage of Total Portfolio				Fair Value		Percentage of Total Portfolio
Investment Vehicles (2)	$		435,928		17.7	%	$		394,691		16.1	%
High Tech Industries			254,788		10.4				265,783		10.9
Services: Business			228,103		9.2				248,936		10.1
Healthcare & Pharmaceuticals			216,073		8.7				211,199		8.5
Aerospace & Defense			165,044		6.6				173,680		7.0
FIRE: Finance (1)			114,379		4.6				133,385		5.4
Beverage, Food & Tobacco			132,041		5.3				130,146		5.3
Transportation: Cargo			100,320		4.0				111,437		4.5
Environmental Industries			99,000		4.0				99,008		4.0
Automotive			102,659		4.1				94,680		3.8
Construction & Building			85,329		3.4				86,448		3.5
Consumer Goods: Non-Durable			71,132		2.9				67,906		2.7
Services: Consumer			65,128		2.6				62,701		2.5
Telecommunications			55,713		2.2				55,175		2.2
Capital Equipment			38,117		1.5				48,225		2.0
Chemicals, Plastics & Rubber			47,896		1.9				46,585		1.9
Consumer Goods: Durable			41,170		1.7				39,901		1.6
FIRE: Insurance (1)			35,006		1.4				35,104		1.4
Hotel, Gaming & Leisure			32,611		1.3				32,923		1.3
Transportation: Consumer			31,539		1.3				31,849		1.3
Media: Diversified & Production			36,877		1.5				28,832		1.2
Wholesale			37,762		1.5				23,396		0.9
Retail			26,460		1.1				19,180		0.8
Containers, Packaging & Glass			9,680		0.4				9,769		0.4
Utilities: Electric			8,009		0.3				7,946		0.3
Media: Advertising, Printing & Publishing			4,673		0.2				4,277		0.2
Utilities: Water			3,056		0.1				3,080		0.1
Media: Broadcasting & Subscription			2,879		0.1				2,927		0.1
FIRE: Real Estate(1)			779		0.0				864		0.0
Metals & Mining			707		0.0				765		0.0
Total	$		2,482,858		100.0	%	$		2,470,798		100.0	%

(1)

Finance, Insurance, and Real Estate (“FIRE”).

(2)

Represents debt and equity investment in ISLP and SLP.


	As of December 31, 2025
	Amortized Cost		Percentage of Total Portfolio			Fair Value		Percentage of Total Portfolio
Investment Vehicles (2)	$	426,942		17.1	%	$	399,051		15.9	%
High Tech Industries		250,660		10.0			271,004		10.8
Services: Business		228,836		9.1			253,954		10.1
Aerospace & Defense		237,633		9.5			235,307		9.4
Healthcare & Pharmaceuticals		213,870		8.5			210,063		8.4
Beverage, Food & Tobacco		116,454		4.7			115,105		4.6
FIRE: Finance (1)		101,357		4.0			114,894		4.6
Transportation: Cargo		96,830		3.9			108,504		4.3
Automotive		111,100		4.4			105,969		4.2
Environmental Industries		85,843		3.4			87,491		3.5
Construction & Building		76,871		3.1			77,815		3.1
Consumer Goods: Non-Durable		70,788		2.8			67,550		2.7
Services: Consumer		64,981		2.6			62,729		2.5
Capital Equipment		49,524		2.0			56,654		2.3
Telecommunications		54,768		2.2			54,019		2.2
Consumer Goods: Durable		53,098		2.1			51,259		2.0
Chemicals, Plastics & Rubber		48,895		2.0			47,767		1.9
FIRE: Insurance (1)		30,653		1.2			30,829		1.2
Media: Diversified & Production		34,714		1.4			29,461		1.2
Transportation: Consumer		25,839		1.0			26,118		1.0
Hotel, Gaming & Leisure		24,284		1.0			24,708		1.0
Wholesale		29,346		1.2			24,546		1.0
Retail		26,314		1.1			17,613		0.7
Containers, Packaging & Glass		9,079		0.4			9,182		0.4
Metals & Mining		9,184		0.4			9,158		0.4
Utilities: Electric		8,023		0.3			8,020		0.3
Media: Broadcasting & Subscription		2,876		0.1			2,954		0.1
Media: Advertising, Printing & Publishing		3,090		0.1			2,857		0.1
Utilities: Water		2,731		0.1			2,757		0.1
Consumer goods: Wholesale		8,084		0.3			1,103		0.0
Total	$	2,502,667		100.0	%	$	2,508,441		100.0	%

(1)

Finance, Insurance, and Real Estate (“FIRE”).

Represents debt and equity investment in ISLP and SLP.

Schedule of selected balance sheet and statements of operations information

Selected Balance Sheet Information


	As of		As of
	March 31, 2026		December 31, 2025
ASSETS
Investments at fair value (amortized cost of $1,621,818 and $1,556,187, respectively)	$	1,599,077	$	1,536,252
Cash and cash equivalents		3,563		1,964
Restricted cash and cash equivalents		46,496		125,753
Prepaid expenses		3,657		3,773
Interest receivable on investments		13,934		12,658
Receivable for sales and paydowns of investments		3,975		3,976
Total assets	$	1,670,702	$	1,684,376

LIABILITIES
Debt (net of unamortized debt issuance costs of $9,778 and $10,022, respectively)	$	1,295,472	$	1,295,228
Subordinated notes payable to members		333,829		315,859
Interest payable on debt		15,444		21,951
Interest payable on subordinated notes payable to members		8,911		8,690
Payable for investments purchased		1,990		25,455
Distributions payable to members		6,569		6,785
Accounts payable and accrued expenses		3,070		2,330
Total liabilities	$	1,665,285	$	1,676,298

EQUITY
Members’ equity		5,417		8,078
Total Members' equity	$	5,417	$	8,078
Total liabilities and members’ equity	$	1,670,702	$	1,684,376

Selected Statement of Operations Information


	For the Three Months Ended
	March 31, 2026			March 31, 2025
Investment income
Interest income	$	37,752		$	38,112
Total investment income		37,752			38,112

Expenses
Interest and debt financing expenses		19,993			22,585
Interest expense on subordinated notes payable to members		8,910			7,331
Professional fees and other expenses		2,396			2,203
Total expenses		31,299			32,119
Net investment income		6,453			5,993

Net realized and unrealized gains (losses)
Net realized gain (loss) on investments		261			(4,517	)
Net change in unrealized appreciation on members subordinated notes		—			24,130
Net change in unrealized appreciation (depreciation) on investments		(2,806	)		(1,999	)
Total net gain (loss)		(2,545	)		17,614
Net increase from operations		3,908			23,607
Net increase in members' equity from operations	$	3,908		$	23,607

Legacy Corporate Lending HoldCo, LLC

Legacy Corporate Lending HoldCo, LLC and its subsidiaries (“Legacy Corporate Lending”) are principally focused on providing highly customized revolver and term loans and other financial solutions to lower mid-market businesses. The following table shows unaudited summarized financial information for Legacy Corporate Lending:


	For the Three Months Ended March 31,
	2026		2025
Net revenue	$	5,721	$	4,337
Net operating income		407		1,081
Earnings before taxes		407		1,081
Net profit		834		1,022

International Senior Loan Program, LLC

Schedule of Investments [Line Items]

Schedule of portfolio at fair value


	As of			As of
	March 31, 2026			December 31, 2025
Total investments	$	711,887		$	733,104
Weighted average yield on investments		9.6	%		9.6	%
Number of borrowers in ISLP		40			40
Largest portfolio company investment	$	53,627		$	52,026
Total of five largest portfolio company investments	$	201,632		$	200,518
Unfunded commitments	$	877		$	1,344

Schedule of selected balance sheet and statements of operations information

Selected Balance Sheet Information


	As of		As of
	March 31, 2026		December 31, 2025
ASSETS
Investments at fair value (amortized cost of $744,599 and $739,567, respectively)	$	711,887	$	733,104
Cash and cash equivalents		3,715		15,565
Foreign cash (cost of $5,929 and $10,095, respectively)		5,945		9,607
Collateral on forward currency exchange contracts		5		3
Deferred financing costs (net of accumulated amortization of $4,073 and $3,897, respectively)		3,017		3,196
Unrealized appreciation on forward currency exchange contracts		232		15
Interest receivable on investments		13,839		14,831
Other receivable		—		237
Total assets	$	738,640	$	776,558

LIABILITIES
Debt	$	372,540	$	381,361
Subordinated notes payable to members		304,369		305,655
Interest payable on debt		907		942
Interest payable on subordinated notes payable to members		8,892		18,984
Payable for investments purchased		470		—
Unrealized depreciation on forward currency exchange contracts		3,889		2,338
Distributions payable to members		1,337		1,712
Accounts payable and accrued expenses		1,193		1,115
Total liabilities	$	693,597	$	712,107
MEMBERS' EQUITY
Total members’ equity		45,043		64,451
Total liabilities and members’ equity	$	738,640	$	776,558

Selected Statements of Operations Information


	For the Three Months Ended
	March 31, 2026			March 31, 2025
Investment income
Interest income	$	16,219		$	17,103
Total investment income		16,219			17,103

Expenses
Interest and debt financing expenses		4,994			5,829
Interest expense on subordinated notes payable to members		8,895			8,743
Professional fees and other expenses		993			975
Total expenses		14,882			15,547
Net investment income		1,337			1,556

Net realized and unrealized gains (losses)
Net realized gain on investments		—			178
Net realized loss on foreign currency transactions		(673	)		(879	)
Net realized gain on forward currency exchange contracts		1,027			2,726
Net change in unrealized appreciation (depreciation) on foreign currency translation		433			(12,377	)
Net change in unrealized appreciation (depreciation) on forward currency exchange contracts		(1,332	)		(5,325	)
Net change in unrealized appreciation (depreciation) on foreign currency translation of debt		7,388			—
Net change in unrealized appreciation (depreciation) on investments		(26,249	)		14,008
Total net loss		(19,406	)		(1,669	)
Net decrease in members’ equity from operations	$	(18,069	)	$	(113	)

Bain Capital Senior Loan Program, LLC

Schedule of Investments [Line Items]

Schedule of individual investments

Below is a listing of SLP’s individual investments as of March 31, 2026:

Senior Loan Program, LLC

Consolidated Schedule of Investments

As of March 31, 2026


						Interest			Maturity					Market		% of Members
Portfolio Company	Investment Type	Index (1)	Spread (1)			Rate			Date	Principal (9)		Cost		Value		Equity (4)
U.S. Dollars
Aerospace & Defense
ATS (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.75	%		9.42	%	7/12/2029	$	20,063		19,906		20,063
BTX Precision (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.67	%	7/25/2030	$	21,445		21,345		21,445
BTX Precision (15)(19)(34)(35)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		5.00	%		8.67	%	7/25/2030	$	7,935		7,935		7,935
BTX Precision (12)(15)(19)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	7/25/2030	$	4,750		4,750		4,750
Forward Slope (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.60	%		9.30	%	8/22/2029	$	13,953		13,831		13,953
Forward Slope (15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.60	%		9.30	%	8/22/2029	$	18,280		18,280		18,280
Forward Slope (15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		5.60	%		9.30	%	8/22/2029	$	9,886		9,886		9,886
GSP Holdings, LLC (12)(15)(19)(26)(34)(35)	First Lien Senior Secured Loan	SOFR	2.95% (2.95% PIK)				9.60	%	11/6/2026	$	25,937		25,943		24,640
GSP Holdings, LLC (12)(15)(19)(26)(34)(35)	First Lien Senior Secured Loan	SOFR	2.95% (2.95% PIK)				9.57	%	11/6/2026	$	127		127		121
Heads Up Technologies, Inc. (12)(16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.25	%		8.95	%	7/23/2030	$	16,418		16,345		16,418
Mach Acquisition T/L (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		7.15	%		10.82	%	4/19/2027	$	20,874		20,874		20,874
Saturn Purchaser Corp. (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		4.85	%		8.52	%	7/22/2030	$	29,633		29,584		29,633
Whitcraft-Paradigm (15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		5.00	%		8.70	%	2/15/2029	$	4,490		4,490		4,490
Whitcraft-Paradigm (15)(19)(34)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.70	%	2/15/2029	$	11,210		11,161		11,210
Aerospace & Defense Total												$	204,457	$	203,698		3760.3	%

Automotive
Cardo (12)(18)(19)	First Lien Senior Secured Loan	SOFR		5.25	%		8.98	%	5/12/2028	$	10,800		10,800		10,800
Chilton (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.16	%	2/5/2031	$	16,349		16,170		16,185
Gills Point S (12)(15)(19)(26)(35)	First Lien Senior Secured Loan	SOFR	4.00% (1.50% PIK)				9.16	%	5/17/2029	$	9,758		9,654		9,514
Intoxalock (12)(15)(19)(34)	First Lien Senior Secured Loan	SOFR		5.10	%		8.77	%	11/1/2028	$	16,711		16,634		16,711
Automotive Total												$	53,258	$	53,210		982.3	%

Beverage, Food & Tobacco
AgroFresh Solutions (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.60	%		9.27	%	3/31/2030	$	23,882		23,765		23,643
INW Manufacturing, LLC (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.75	%		9.42	%	1/23/2031	$	17,890		17,714		17,711
Beverage, Food & Tobacco Total												$	41,479	$	41,354		763.4	%

Capital Equipment
AXH Air Coolers (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.20	%	10/31/2029	$	27,189		27,105		27,189
AXH Air Coolers (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.20	%	10/31/2029	$	13,064		13,064		13,064
Engineered Products Co., LLC (12)(15)(19)(35)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	8/12/2031	$	3,254		3,223		3,254
EXT Acquisitions, Inc. (12)(15)(19)(35)	First Lien Senior Secured Loan	SOFR		5.25	%		8.94	%	12/19/2031	$	4,823		4,799		4,799
Capital Equipment Total												$	48,191	$	48,306		891.7	%


						Interest			Maturity					Market		% of Members
Portfolio Company	Investment Type	Index (1)	Spread (1)			Rate			Date	Principal (9)		Cost		Value		Equity (4)
U.S. Dollars
Chemicals, Plastics & Rubber
Duraco (19)(32)(35)(36)	First Lien Senior Secured Loan	SOFR		6.50	%		10.16	%	6/6/2029	$	13,588		13,398		12,909
V Global Holdings LLC (12)(16)(19)(26)(34)	First Lien Senior Secured Loan	SOFR	2.20% (3.70% PIK)				9.55	%	12/22/2027	$	9,918		9,898		9,373
Chemicals, Plastics & Rubber Total												$	23,296	$	22,282		411.3	%

Construction & Building
AGS American Glass Services Acquisition, LLC (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.50	%		9.17	%	7/24/2031	$	3,980		3,962		3,960
G702 Buyer, Inc. (12)(16)(19)(34)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.45	%	7/2/2031	$	4,478		4,413		4,455
Service Master (18)(19)(26)(34)(35)	First Lien Senior Secured Loan	SOFR	5.86% (1.00% PIK)				10.53	%	8/16/2027	$	18,934		18,934		18,934
Service Master (15)(19)(26)(36)	First Lien Senior Secured Loan	SOFR	5.86% (1.00% PIK)				10.54	%	8/16/2027	$	5,032		5,030		5,032
TL Sapphire Parent, Inc. (12)(16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.00	%		8.67	%	1/22/2033	$	6,975		6,940		6,940
Zeus Fire & Security (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.65	%	12/11/2030	$	27,713		27,533		27,713
Construction & Building Total												$	66,812	$	67,034		1237.5	%

Consumer Goods: Durable
New Milani Group LLC (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.45	%	6/26/2031	$	9,726		9,678		9,726
Stanton Carpet (12)(15)(19)	Second Lien Senior Secured Loan	SOFR		9.15	%		12.80	%	3/31/2028	$	5,000		4,962		5,000
TLC Purchaser, Inc. (15)(19)(36)	First Lien Senior Secured Loan	SOFR		5.76	%		9.46	%	10/11/2027	$	1,985		1,965		1,916
TLC Purchaser, Inc. (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.76	%		9.44	%	10/11/2027	$	35,264		34,749		34,030
Consumer Goods: Durable Total												$	51,354	$	50,672		935.4	%

Consumer Goods: Non-Durable
Evriholder (12)(19)(32)(35)	First Lien Senior Secured Loan	SOFR		6.90	%		10.60	%	1/24/2028	$	15,312		15,237		15,159
Hempz (15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		8.95	%	10/25/2029	$	13,239		13,153		13,041
Solaray, LLC (12)(15)(19)	First Lien Senior Secured Loan	SOFR		6.85	%		10.52	%	3/27/2029	$	9,780		9,780		8,899
Summer Fridays, LLC (12)(15)(19)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		8.95	%	5/16/2031	$	10,669		10,528		10,563
RoC Skincare (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		8.91	%	2/21/2031	$	23,992		23,820		23,992
WU Holdco, Inc. (12)(16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.45	%	4/15/2032	$	26,082		25,966		26,082
Consumer Goods: Non-Durable Total												$	98,484	$	97,736		1804.2	%

Containers, Packaging & Glass
ASP-r-pac Acquisition Co LLC (12)(16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		6.26	%		9.93	%	12/29/2027	$	22,296		22,220		22,296
Precision Concepts Canada Corporation (12)(15)(19)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	8/2/2032	$	802		794		794
Precision Concepts Parent Inc. (12)(15)(19)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	8/2/2032	$	1,837		1,820		1,819
Containers, Packaging & Glass Total												$	24,834	$	24,909		459.8	%


						Interest			Maturity					Market		% of Members
Portfolio Company	Investment Type	Index (1)	Spread (1)			Rate			Date	Principal (9)		Cost		Value		Equity (4)
U.S. Dollars
FIRE: Finance
Allworth Financial Group, L.P. (12)(15)(19)	First Lien Senior Secured Loan - Delayed Draw	SOFR		4.75	%		8.42	%	12/23/2027	$	2,057		2,057		2,057
Allworth Financial Group, L.P. (12)(15)(19)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	12/23/2027	$	8,151		8,151		8,151
Choreo (15)(19)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.70	%	2/18/2028	$	2,450		2,450		2,450
Insigneo Financial Group LLC (12)(15)(19)	First Lien Senior Secured Loan	SOFR		6.60	%		10.30	%	8/1/2028	$	7,400		7,400		7,400
Insigneo Financial Group LLC (12)(15)(19)	First Lien Senior Secured Loan	SOFR		6.60	%		10.21	%	8/1/2028	$	2,869		2,869		2,869
PMA (12)(16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.45	%	1/31/2031	$	17,456		17,247		17,456
Wealth Enhancement Group (WEG) (15)(19)(35)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		4.25	%		7.94	%	10/2/2028	$	11,696		11,685		11,696
FIRE: Finance Total												$	51,859	$	52,079		961.4	%

FIRE: Insurance
Simplicity (12)(16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.45	%	12/31/2031	$	24,935		24,714		24,935
FIRE: Insurance Total												$	24,714	$	24,935		460.3	%

Healthcare & Pharmaceuticals
Accident Care Alliance Holdco LLC (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.70	%	8/20/2030	$	13,196		13,134		13,195
AEG Vision (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.90	%		9.60	%	3/27/2027	$	1,150		1,150		1,150
AOM Infusion (16)(19)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.69	%	3/19/2032	$	3,625		3,592		3,625
Apollo Intelligence (12)(16)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.75	%		9.43	%	5/31/2028	$	10,422		10,384		10,318
Beacon Specialized Living (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.20	%	3/25/2028	$	12,432		12,368		12,432
CRH Healthcare Purchaser, Inc. (12)(15)(19)(34)	First Lien Senior Secured Loan	SOFR		5.25	%		8.95	%	9/17/2031	$	2,675		2,663		2,675
EHE Health (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.20	%	8/7/2030	$	24,379		24,193		24,135
HealthDrive (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.67	%	8/20/2029	$	20,165		20,165		20,165
HealthDrive (15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		5.00	%		8.67	%	8/20/2029	$	268		268		268
HealthDrive (15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		5.00	%		8.67	%	8/20/2029	$	6,263		6,235		6,263
Odyssey Behavioral Health (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		8.91	%	5/21/2031	$	35,061		34,713		35,061
Pharmacy Partners (12)(19)(32)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		6.50	%		10.17	%	2/28/2029	$	23,228		23,065		23,228
Psychiatric Medical Care LLC (12)(16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		4.75	%		8.41	%	7/1/2032	$	10,224		10,106		10,097
Red Nucleus (16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		9.08	%	10/17/2031	$	16,250		16,083		16,250
RedMed Operations (Collage Rehabilitation) (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.67	%	2/28/2031	$	22,703		22,482		22,703
SunMed Group Holdings, LLC (12)(16)(19)	First Lien Senior Secured Loan	SOFR		5.60	%		9.27	%	6/16/2028	$	9,313		9,313		9,313
Vatica Health T/L (12)(16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		4.75	%		8.45	%	10/31/2032	$	9,089		8,999		8,998
Healthcare & Pharmaceuticals Total												$	218,913	$	219,876		4059.0	%

High Tech Industries
Appriss (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.67	%	3/10/2031	$	21,948		21,874		21,893
Govineer Solutions (fka Black Mountain) (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.70	%	10/7/2030	$	28,875		28,704		28,875
LogRhythm, Inc. (15)(19)(35)	First Lien Senior Secured Loan	SOFR		7.50	%		11.17	%	7/2/2029	$	3,978		3,898		3,699
NearMap (15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	12/9/2029	$	16,003		15,896		16,003
NearMap (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	12/9/2029	$	19,365		19,318		19,365
PayRange (15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.67	%	10/31/2030	$	18,294		18,161		18,294
Superna Inc. (15)(19)(36)	First Lien Senior Secured Loan	SOFR		6.50	%		10.17	%	3/6/2028	$	4,190		4,157		4,190
SensorTower (12)(19)(31)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		7.50	%		11.18	%	3/15/2029	$	12,332		12,272		12,332
High Tech Industries Total												$	124,280	$	124,651		2301.1	%


						Interest			Maturity					Market		% of Members
Portfolio Company	Investment Type	Index (1)	Spread (1)			Rate			Date	Principal (9)		Cost		Value		Equity (4)
U.S. Dollars
Hotel, Gaming & Leisure
Awayday (15)(19)(34)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		8.95	%	5/6/2032	$	13,575		13,436		13,575
City BBQ (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.35	%		9.03	%	9/4/2030	$	28,325		28,174		28,042
Pollo Tropical (19)(24)(31)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		8.92	%	1/19/2028	$	5,246		5,246		5,246
Pyramid Global Hospitality (12)(19)(24)(34)(35)	First Lien Senior Secured Loan	SOFR		5.25	%		8.92	%	1/19/2028	$	15,164		14,993		15,164
Hotel, Gaming & Leisure Total												$	61,849	$	62,027		1145.0	%

Media: Advertising, Printing & Publishing
AdThrive (18)(36)	First Lien Senior Secured Loan	SOFR		4.36	%		8.03	%	3/23/2028	$	4,897		4,842		4,726
Media: Advertising, Printing & Publishing Total												$	4,842	$	4,726		87.2	%

Media: Diversified & Production Total
Owl Acquisition, LLC (12)(16)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	4/17/2032	$	14,925		14,826		14,328
Media: Diversified & Production Total												$	14,826	$	14,328		264.5	%

Metals & Mining
Elevation NewCo, LLC (15)(19)(35)	First Lien Senior Secured Loan	SOFR		5.75	%		9.45	%	8/1/2031	$	2,384		2,362		2,384
Lindstrom, LLC (12)(16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.50	%		9.20	%	12/30/2032	$	8,813		8,714		8,714
Metals & Mining Total												$	11,076	$	11,098		204.9	%

Retail
New Look (Delaware) Corporation (12)(15)(19)	First Lien Senior Secured Loan	SOFR		5.25	%		8.95	%	5/26/2028	$	9,336		9,179		9,336
Thrasio, LLC (7)(14)(15)(19)(26)	First Lien Senior Secured Loan	SOFR	10.26% PIK				13.93	%	6/18/2029	$	3,991		3,447		3,193
Thrasio, LLC (7)(14)(15)(19)(26)	First Lien Senior Secured Loan	SOFR	10.26% PIK				13.93	%	6/18/2029	$	1,143		997		1,143
Thrasio, LLC (14)(19)	Equity Interest	—	—			—			—		52		5,369		—
Thrasio, LLC (14)(19)	Equity Interest	—	—			—			—		6		597		—
Retail Total												$	19,589	$	13,672		252.4	%

Services: Business
Allbridge (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.20	%	6/5/2030	$	22,247		22,155		22,246
AMI (12)(16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.00	%		8.90	%	10/17/2031	$	21,780		21,648		21,780
ACAMS (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.00	%		8.70	%	12/30/2031	$	8,479		8,395		8,395
Alogent Holdings, Inc. (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		6.50	%		10.17	%	1/21/2032	$	16,250		16,089		16,088
BLI Buyer, Inc. (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.00	%		8.67	%	10/31/2031	$	8,500		8,459		8,458
Datix Bidco Limited (12)(17)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.73	%	4/30/2031	$	17,500		17,427		17,500
Dealer Service Network (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.25	%		8.94	%	2/9/2027	$	8,641		8,606		8,641
Discovery Senior Living (12)(15)(19)(35)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	3/18/2030	$	16,660		16,554		16,660
Discovery Senior Living (15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		4.75	%		8.42	%	3/18/2030	$	2,787		2,787		2,787
Discovery Senior Living (3)(15)(19)(34)	First Lien Senior Secured Loan - Delayed Draw	SOFR		4.75	%		8.42	%	3/18/2030	$	3,492		3,492		3,492
Easy Ice (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.40	%		9.07	%	10/30/2030	$	31,150		30,773		31,150
TEI Holdings Inc. (17)(35)	First Lien Senior Secured Loan	SOFR		4.00	%		7.70	%	4/9/2031	$	10,456		10,492		10,362
Pure Wafer (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.35	%		9.02	%	11/12/2030	$	10,780		10,706		10,780
PRGX (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.16	%	12/20/2030	$	17,244		17,095		16,856
Electronic Merchant Systems (12)(16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	8/1/2030	$	20,738		20,483		20,738
Morrow Sodali (12)(18)(19)	First Lien Senior Secured Loan	SOFR		5.35	%		9.02	%	4/25/2028	$	2,167		2,156		2,167
Morrow Sodali (12)(15)(19)	First Lien Senior Secured Loan	SOFR		5.48	%		9.15	%	4/25/2028	$	7,661		7,620		7,661
E-Tech Group (12)(15)(19)(35)	First Lien Senior Secured Loan - Revolver	SOFR		5.50	%		9.20	%	4/9/2030	$	7,859		7,804		7,820
Services: Business Total												$	232,741	$	233,581		4312.0	%


						Interest			Maturity					Market		% of Members
Portfolio Company	Investment Type	Index (1)	Spread (1)			Rate			Date	Principal (9)		Cost		Value		Equity (4)
U.S. Dollars
Services: Consumer
CorePower Yoga, LLC (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		8.95	%	4/30/2031	$	20,994		20,903		20,994
MZR Buyer, LLC (15)(19)(26)	First Lien Senior Secured Loan	SOFR	6.90% (0.50% PIK)				11.10	%	12/22/2028	$	13,704		13,697		12,814
Spotless Brands (15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		5.50	%		9.17	%	7/25/2028	$	5,961		5,956		5,961
Vasa Fitness Buyer, Inc. (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		6.35	%		10.02	%	8/15/2030	$	3,980		3,930		3,940
Services: Consumer Total												$	44,486	$	43,709		806.9	%

Telecommunications
Meriplex Communications, Ltd. (16)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.10	%		8.77	%	7/17/2028	$	14,658		14,479		14,402
Telecommunications Total												$	14,479	$	14,402		265.9	%

Transportation: Cargo
A&R Logistics, Inc. (12)(15)(19)(26)(34)(35)	First Lien Senior Secured Loan	SOFR	2.65% (4.25% PIK)				10.58	%	2/3/2028	$	29,972		29,972		24,576
Gulf Winds International (12)(15)(19)(26)(34)	First Lien Senior Secured Loan	SOFR	6.00% (1.00% PIK)				10.67	%	12/16/2028	$	14,013		13,856		13,277
Gulf Winds International (12)(15)(19)(26)(35)(36)	First Lien Senior Secured Loan	SOFR	6.00% (1.00% PIK)				10.67	%	12/16/2028	$	15,839		15,728		15,007
ICAT Logistics, Inc. (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		6.25	%		9.92	%	3/1/2029	$	8,955		8,824		8,865
RoadOne (15)(19)(34)	First Lien Senior Secured Loan	SOFR		6.25	%		9.95	%	12/29/2028	$	6,811		6,714		6,811
RoadOne (15)(19)(34)	First Lien Senior Secured Loan - Delayed Draw	SOFR		6.25	%		10.00	%	12/29/2028	$	1,047		1,045		1,047
Transportation: Cargo Total												$	76,139	$	69,583		1284.5	%

Transportation: Consumer
PrimeFlight Acquisition LLC (12)(15)(19)	First Lien Senior Secured Loan	SOFR		5.50	%		9.20	%	5/1/2029	$	6,456		6,456		6,456
PrimeFlight Acquisition LLC (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.50	%		9.16	%	5/1/2029	$	22,594		22,284		22,594
Transportation: Consumer Total												$	28,740	$	29,050		536.4	%

Utilities: Electric
KAMC Holdings, Inc. (12)(16)(19)(35)	First Lien Senior Secured Loan	SOFR		5.25	%		8.91	%	8/1/2031	$	4,489		4,443		4,410
Utilities: Electric Total												$	4,443	$	4,410		81.4	%

Utilities: Water
Vessco Water (16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.50	%		8.17	%	7/24/2031	$	13,687		13,628		13,687
Utilities: Water Total												$	13,628	$	13,687		252.7	%


						Interest			Maturity					Market		% of Members
Portfolio Company	Investment Type	Index (1)	Spread (1)			Rate			Date	Principal (9)		Cost		Value		Equity (4)
U.S. Dollars
Wholesale
Abracon Group Holding, LLC. (7)(14)(16)(19)(26)(34)	First Lien Senior Secured Loan	SOFR	2.05% (4.60% PIK)				10.32	%	7/6/2028	$	12,618		10,888		5,552
Blackbird Purchaser, Inc. (16)(19)(35)	First Lien Senior Secured Loan	SOFR		5.75	%		9.45	%	12/19/2030	$	5,296		5,296		5,296
Chex Finer Foods, LLC (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		6.00	%		9.67	%	6/6/2031	$	16,418		16,351		16,418
Fifty U.S. Bidco Inc (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.70	%	8/1/2031	$	11,443		11,389		11,443
Hultec (12)(15)(19)(34)	First Lien Senior Secured Loan	SOFR		5.50	%		9.19	%	3/31/2029	$	6,257		6,130		6,240
SureWerx (16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.25	%		8.95	%	12/28/2029	$	8,115		8,004		8,074
WSP (7)(14)(15)(19)(26)	First Lien Senior Secured Loan	SOFR	1.15% (4.00% PIK)				8.82	%	4/27/2028	$	3,406		3,013		1,039
WSP (7)(14)(19)(26)	First Lien Senior Secured Loan	—	8.00% PIK				8.00	%	4/27/2028	$	2,305		1,978		—
Wholesale Total												$	63,049	$	54,062		998.1	%

Investments Total												$	1,621,818	$	1,599,077		29519.6	%

Cash Equivalents
Goldman Sachs Financial Square Government Fund Institutional Share Class (30)	Cash Equivalents	—	—				3.69	%	—	$	28,126		28,126		28,126
Goldman Sachs US Treasury Liquid Reserves Fund (30)	Cash Equivalents	—	—				3.62	%	—	$	18,329		18,329		18,329
Cash Equivalents Total												$	46,455	$	46,455		857.6	%
Investments and Cash Equivalents Total												$	1,668,273	$	1,645,532		30377.2	%

(1)

The investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate (“SOFR”) which reset daily, monthly, quarterly or semiannually. Investments or a portion thereof may provide for Payment-in-Kind (“PIK”). For each, the Company has provided the PIK or the spread over SOFR and the current weighted average interest rate in effect at March 31, 2026. Certain investments are subject to a SOFR interest rate floor.

(2)

Tick mark not used.

(3)

Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion. The investment may be subject to an unused/letter of credit facility fee.

(4)

Percentages are based on SLP's net assets (in thousands) of $5,417 as of March 31, 2026.

(5)

Tick mark not used.

(6)

Tick mark not used.

(7)

Loan was on non-accrual status as of March 31, 2026.

(8)

Tick mark not used.

(9)

The principal amount (par amount) for all debt securities is denominated in U.S. dollars, unless otherwise noted.

(10)

Tick mark not used.

(11)

Tick mark not used.

(12)

Assets or a portion thereof are pledged as collateral for the 2018-1 Issuer.

(13)

Tick mark not used.

(14)

Non-income producing.

(15)

Loan includes interest rate floor of 1.00%.

(16)

Loan includes interest rate floor of 0.75%.

(17)

Loan includes interest rate floor of 0.50%.

(18)

Loan includes interest rate floor of 0.00%.

(19)

Security valued using unobservable inputs (Level 3).

(20)

Tick mark not used.

(21)

Tick mark not used.

(22)

Tick mark not used.

(23)

Tick mark not used.

(24)

Loan includes interest rate floor of 1.25%.

(25)

Tick mark not used.

(26)

Denotes that all or a portion of the investment includes PIK income during the period.

(27)

Tick mark not used.

(28)

Tick mark not used.

(29)

Tick mark not used.

(30)

Cash equivalents include $46,455 of restricted cash.

(31)

Loan includes interest rate floor of 2.00%.

(32)

Loan includes interest rate floor of 1.50%.

(33)

Tick mark not used.

(34)

Assets or a portion thereof are pledged as collateral for the 2023-1 Issuer.

(35)

Assets or a portion thereof are pledged as collateral for the 2024-1 Issuer.

(36)

Assets or a portion thereof are pledged as collateral for the 2025-1 Issuer.

Below is a listing of SLP's individual investments as of December 31, 2025:

Senior Loan Program, LLC

Consolidated Schedule of Investments

As of December 31, 2025


						Interest			Maturity					Market		% of Members
Portfolio Company	Investment Type	Index (1)	Spread (1)			Rate			Date	Principal (9)		Cost		Value		Equity (4)
U.S. Dollars
Aerospace & Defense
ATS (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.75	%		9.65	%	7/12/2029	$	20,114		19,945		20,114
BTX Precision (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.77	%	7/25/2030	$	21,499		21,393		21,499
BTX Precision (15)(19)(34)(35)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		5.00	%		8.77	%	7/25/2030	$	7,955		7,955		7,955
BTX Precision (12)(15)(19)	First Lien Senior Secured Loan	SOFR		4.75	%		8.59	%	7/25/2030	$	4,762		4,762		4,762
Forward Slope (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.60	%		9.27	%	8/22/2029	$	13,989		13,858		13,989
Forward Slope (15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.60	%		9.27	%	8/22/2029	$	18,327		18,327		18,327
Forward Slope (15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		5.60	%		9.27	%	8/22/2029	$	9,911		9,911		9,911
GSP Holdings, LLC (12)(15)(19)(26)(34)(35)	First Lien Senior Secured Loan	SOFR	2.95% (2.95% PIK)				9.57	%	11/6/2026	$	25,778		25,723		23,974
Heads Up Technologies, Inc. (12)(16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.25	%		8.92	%	7/23/2030	$	16,459		16,381		16,376
Mach Acquisition T/L (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		7.15	%		11.01	%	10/19/2026	$	20,924		20,924		20,924
Saturn Purchaser Corp. (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		4.85	%		8.72	%	7/22/2030	$	29,633		29,580		29,633
Whitcraft-Paradigm (15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		5.00	%		8.67	%	2/15/2029	$	4,501		4,501		4,501
Whitcraft-Paradigm (15)(19)(34)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.67	%	2/15/2029	$	11,239		11,186		11,239
Aerospace & Defense Total												$	204,446	$	203,204		2515.5	%

Automotive
Cardo (12)(18)(19)	First Lien Senior Secured Loan	SOFR		5.25	%		8.98	%	5/12/2028	$	10,800		10,800		10,800
Chilton (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.40	%	2/5/2031	$	16,390		16,202		16,267
Gills Point S (12)(15)(19)(26)(35)	First Lien Senior Secured Loan	SOFR	4.00% (1.50% PIK)				9.22	%	5/17/2029	$	9,750		9,637		9,506
Intoxalock (12)(15)(19)(34)	First Lien Senior Secured Loan	SOFR		5.10	%		8.82	%	11/1/2028	$	16,754		16,670		16,754
JHCC Holdings, LLC (15)(19)(34)(35)	First Lien Senior Secured Loan - Delayed Draw	SOFR		5.25	%		8.92	%	9/9/2027	$	8,082		8,046		8,082
JHCC Holdings, LLC (12)(15)(19)(34)	First Lien Senior Secured Loan	SOFR		5.25	%		8.92	%	9/9/2027	$	16,117		16,043		16,117
Automotive Total												$	77,398	$	77,526		959.7	%

Beverage, Food & Tobacco
AgroFresh Solutions (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.60	%		9.32	%	3/31/2030	$	23,949		23,825		23,949
Beverage, Food & Tobacco Total												$	23,825	$	23,949		296.5	%

Capital Equipment
AXH Air Coolers (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.20	%	10/31/2029	$	27,189		27,097		27,189
AXH Air Coolers (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.20	%	10/31/2029	$	13,097		13,097		13,097
Engineered Products Co., LLC (12)(15)(19)(35)	First Lien Senior Secured Loan	SOFR		4.75	%		8.81	%	8/12/2031	$	3,262		3,230		3,229
Capital Equipment Total												$	43,424	$	43,515		538.7	%


						Interest			Maturity					Market		% of Members
Portfolio Company	Investment Type	Index (1)	Spread (1)			Rate			Date	Principal (9)		Cost		Value		Equity (4)
U.S. Dollars
Chemicals, Plastics & Rubber
Duraco (19)(32)(35)(36)	First Lien Senior Secured Loan	SOFR		6.50	%		10.16	%	6/6/2029	$	15,871		15,642		15,078
V Global Holdings LLC (12)(16)(19)(34)	First Lien Senior Secured Loan	SOFR		5.90	%		9.77	%	12/22/2027	$	9,840		9,817		9,348
Chemicals, Plastics & Rubber Total												$	25,459	$	24,426		302.4	%

Construction & Building
AGS American Glass Services Acquisition, LLC (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.50	%		9.22	%	7/24/2031	$	3,990		3,971		3,970
G702 Buyer, Inc. (12)(16)(19)(34)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	7/2/2031	$	4,489		4,421		4,421
Service Master (18)(19)(26)(34)(35)	First Lien Senior Secured Loan	SOFR	5.86% (1.00% PIK)				10.58	%	8/16/2027	$	18,887		18,887		18,887
Service Master (15)(19)(26)(36)	First Lien Senior Secured Loan	SOFR	5.86% (1.00% PIK)				10.60	%	8/16/2027	$	5,020		5,016		5,020
Zeus Fire & Security (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.85	%	12/11/2030	$	27,784		27,594		27,714
Construction & Building Total												$	59,889	$	60,012		742.9	%

Consumer Goods: Durable
Stanton Carpet (12)(15)(19)	Second Lien Senior Secured Loan	SOFR		9.15	%		13.09	%	3/31/2028	$	5,000		4,958		5,000
TLC Purchaser, Inc. (15)(19)(36)	First Lien Senior Secured Loan	SOFR		5.76	%		9.43	%	10/11/2027	$	1,990		1,970		1,871
TLC Purchaser, Inc. (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.76	%		9.47	%	10/11/2027	$	35,347		34,748		33,227
Consumer Goods: Durable Total												$	41,676	$	40,098		496.4	%

Consumer Goods: Non-Durable
Evriholder (12)(19)(32)(35)	First Lien Senior Secured Loan	SOFR		6.90	%		10.57	%	1/24/2028	$	15,519		15,431		15,363
Hempz (15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		8.92	%	10/25/2029	$	13,239		13,148		13,041
Solaray, LLC (12)(15)(19)	First Lien Senior Secured Loan	SOFR		6.85	%		10.69	%	6/15/2028	$	9,780		9,780		8,899
Summer Fridays, LLC (12)(15)(19)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		8.92	%	5/16/2031	$	10,696		10,547		10,536
RoC Skincare (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		9.12	%	2/21/2031	$	24,054		23,872		24,054
WU Holdco, Inc. (12)(16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	4/15/2032	$	26,147		26,027		26,147
Consumer Goods: Non-Durable Total												$	98,805	$	98,040		1213.7	%

Consumer Goods: Wholesale
WSP (7)(14)(15)(19)	First Lien Senior Secured Loan	SOFR		1.25	%		5.45	%	4/27/2028	$	3,338		3,060		1,277
WSP (7)(14)(19)(26)	First Lien Senior Secured Loan	—	8.00% PIK				8.00	%	4/27/2028	$	2,259		1,978		—
Consumer Goods: Wholesale Total												$	5,038	$	1,277		15.8	%

Containers, Packaging & Glass
ASP-r-pac Acquisition Co LLC (12)(16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		6.26	%		10.10	%	12/29/2027	$	22,354		22,267		22,354
Precision Concepts Canada Corporation (12)(15)(19)	First Lien Senior Secured Loan	SOFR		4.75	%		8.57	%	8/2/2032	$	804		796		796
Precision Concepts Parent Inc. (12)(15)(19)	First Lien Senior Secured Loan	SOFR		4.75	%		8.57	%	8/2/2032	$	1,847		1,828		1,828
Containers, Packaging & Glass Total												$	24,891	$	24,978		309.2	%


						Interest			Maturity					Market		% of Members
Portfolio Company	Investment Type	Index (1)	Spread (1)			Rate			Date	Principal (9)		Cost		Value		Equity (4)
U.S. Dollars
FIRE: Finance
Allworth Financial Group, L.P. (12)(15)(19)	First Lien Senior Secured Loan - Delayed Draw	SOFR		4.75	%		8.47	%	12/23/2027	$	2,095		2,074		2,074
Allworth Financial Group, L.P. (12)(15)(19)	First Lien Senior Secured Loan	SOFR		4.75	%		8.47	%	12/23/2027	$	8,172		8,172		8,172
Choreo (15)(19)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.72	%	2/18/2028	$	2,456		2,456		2,456
Insigneo Financial Group LLC (12)(15)(19)	First Lien Senior Secured Loan	SOFR		6.60	%		10.30	%	8/1/2028	$	7,400		7,400		7,400
Insigneo Financial Group LLC (12)(15)(19)	First Lien Senior Secured Loan	SOFR		6.60	%		10.79	%	8/1/2028	$	3,825		3,825		3,825
PMA (12)(16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.42	%	1/31/2031	$	17,456		17,236		17,456
Wealth Enhancement Group (WEG) (15)(19)(35)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		4.50	%		8.16	%	10/2/2028	$	11,726		11,715		11,726
FIRE: Finance Total												$	52,878	$	53,109		657.5	%

FIRE: Insurance
Simplicity (12)(16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.40	%	12/31/2031	$	24,998		24,767		24,998
FIRE: Insurance Total												$	24,767	$	24,998		309.5	%

Healthcare & Pharmaceuticals
Accident Care Alliance Holdco LLC (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.67	%	8/20/2030	$	11,970		11,911		11,910
AEG Vision (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.90	%		9.57	%	3/27/2027	$	1,152		1,152		1,152
AOM Infusion (16)(19)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.69	%	3/19/2032	$	3,634		3,600		3,615
Apollo Intelligence (12)(16)(19)(35)	First Lien Senior Secured Loan	SOFR		5.75	%		9.50	%	5/31/2028	$	10,449		10,406		10,240
Beacon Specialized Living (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.17	%	3/25/2028	$	12,464		12,396		12,464
CRH Healthcare Purchaser, Inc. (12)(15)(19)(34)	First Lien Senior Secured Loan	SOFR		5.25	%		8.92	%	9/17/2031	$	2,682		2,669		2,668
EHE Health (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.17	%	8/7/2030	$	24,441		24,244		24,441
HealthDrive (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		6.10	%		9.82	%	8/20/2029	$	20,217		20,217		20,217
HealthDrive (15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		6.10	%		9.82	%	8/20/2029	$	269		269		269
HealthDrive (3)(15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		6.10	%		9.82	%	8/20/2029	$	3,243		3,215		3,243
Odyssey Behavioral Health (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		9.12	%	5/21/2031	$	35,150		34,784		35,150
Pharmacy Partners (12)(19)(32)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		6.50	%		10.32	%	2/28/2029	$	23,288		23,110		23,288
Psychiatric Medical Care LLC (12)(16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		4.75	%		8.41	%	7/1/2032	$	10,250		10,127		10,122
Red Nucleus (16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		9.02	%	10/17/2031	$	16,291		16,116		16,291
RedMed Operations (Collage Rehabilitation) (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.72	%	2/28/2031	$	22,761		22,527		22,761
SunMed Group Holdings, LLC (12)(16)(19)	First Lien Senior Secured Loan	SOFR		5.60	%		9.44	%	6/16/2028	$	9,338		9,338		9,338
Healthcare & Pharmaceuticals Total												$	206,081	$	207,169		2564.6	%


						Interest			Maturity					Market		% of Members
Portfolio Company	Investment Type	Index (1)	Spread (1)			Rate			Date	Principal (9)		Cost		Value		Equity (4)
U.S. Dollars
High Tech Industries
Appriss (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.74	%	3/10/2031	$	22,003		21,926		22,003
Govineer Solutions (fka Black Mountain) (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.67	%	10/7/2030	$	28,947		28,767		28,947
LogRhythm, Inc. (15)(19)(35)	First Lien Senior Secured Loan	SOFR		7.50	%		11.34	%	7/2/2029	$	3,978		3,892		3,818
NearMap (15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.61	%	12/9/2029	$	16,044		15,929		16,044
NearMap (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.61	%	12/9/2029	$	19,414		19,363		19,414
PayRange (15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.72	%	10/31/2030	$	18,340		18,200		18,340
Superna Inc. (15)(19)(36)	First Lien Senior Secured Loan	SOFR		6.50	%		10.24	%	3/6/2028	$	4,201		4,164		4,201
SensorTower (12)(19)(31)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		7.50	%		11.20	%	3/15/2029	$	16,916		16,826		16,916
High Tech Industries Total												$	129,067	$	129,683		1605.4	%

Hotel, Gaming & Leisure
Awayday (15)(19)(34)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		8.92	%	5/6/2032	$	13,606		13,460		13,606
City BBQ (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.35	%		9.10	%	9/4/2030	$	28,397		28,237		28,255
Pollo Tropical (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		9.07	%	10/23/2029	$	6,148		6,083		6,148
Pyramid Global Hospitality (19)(31)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		9.11	%	1/19/2028	$	5,246		5,246		5,246
Pyramid Global Hospitality (12)(19)(24)(34)(35)	First Lien Senior Secured Loan	SOFR		5.25	%		9.11	%	1/19/2028	$	15,204		15,009		15,204
Hotel, Gaming & Leisure Total												$	68,035	$	68,459		847.5	%

Media: Advertising, Printing & Publishing
AdThrive (36)	First Lien Senior Secured Loan	SOFR		4.36	%		8.08	%	3/23/2028	$	4,910		4,848		4,855
Media: Advertising, Printing & Publishing Total												$	4,848	$	4,855		60.1	%

Metals & Mining
Elevation NewCo, LLC (15)(19)(35)	First Lien Senior Secured Loan	SOFR		5.75	%		9.60	%	8/1/2031	$	2,390		2,367		2,366
Metals & Mining Total												$	2,367	$	2,366		29.3	%

Retail
New Look (Delaware) Corporation (12)(15)(19)	First Lien Senior Secured Loan	SOFR		5.25	%		8.92	%	5/26/2028	$	9,360		9,185		9,360
Thrasio, LLC (7)(14)(15)(19)(26)	First Lien Senior Secured Loan	SOFR	10.11% PIK				13.84	%	6/18/2029	$	3,991		3,491		1,996
Thrasio, LLC (7)(14)(15)(19)(26)	First Lien Senior Secured Loan	SOFR	10.11% PIK				13.84	%	6/18/2029	$	1,285		1,138		1,285
Thrasio, LLC (14)(19)	Equity Interest	—	—			—			—		52		5,369		—
Thrasio, LLC (14)(19)	Equity Interest	—	—			—			—		6		597		—
Retail Total												$	19,780	$	12,641		156.5	%

Services: Business
Allbridge (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.17	%	6/5/2030	$	22,304		22,205		22,304
AMI (12)(16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.00	%		8.90	%	10/17/2031	$	21,835		21,696		21,835
Datix Bidco Limited (17)(19)(35)	First Lien Senior Secured Loan	SOFR		5.00	%		8.73	%	4/30/2031	$	6,000		5,924		6,000
Dealer Service Network (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.50	%		9.16	%	2/9/2027	$	8,663		8,618		8,663
Discovery Senior Living (12)(15)(19)(35)	First Lien Senior Secured Loan	SOFR		4.75	%		8.47	%	3/18/2030	$	16,703		16,590		16,703
Discovery Senior Living (15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		4.75	%		8.47	%	3/18/2030	$	2,794		2,794		2,794
Discovery Senior Living (3)(15)(19)(34)	First Lien Senior Secured Loan - Delayed Draw	SOFR		4.75	%		8.47	%	3/18/2030	$	3,411		3,411		3,411
Easy Ice (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.40	%		9.24	%	10/30/2030	$	31,229		30,831		31,229
TEI Holdings Inc. (17)(35)	First Lien Senior Secured Loan	SOFR		4.00	%		7.67	%	4/9/2031	$	10,483		10,521		10,440
Pure Wafer (12)(15)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.35	%		9.07	%	11/12/2030	$	10,807		10,729		10,807
PRGX (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.50	%		9.16	%	12/20/2030	$	17,288		17,130		17,029
Electronic Merchant Systems (12)(16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.48	%	8/1/2030	$	20,790		20,520		20,790
Morrow Sodali (12)(18)(19)	First Lien Senior Secured Loan	SOFR		5.35	%		9.07	%	4/25/2028	$	2,173		2,160		2,173
Morrow Sodali (12)(15)(19)	First Lien Senior Secured Loan	SOFR		5.48	%		9.20	%	4/25/2028	$	7,680		7,634		7,680
E-Tech Group (12)(15)(19)(35)	First Lien Senior Secured Loan - Revolver	SOFR		5.50	%		9.17	%	4/9/2030	$	7,879		7,821		7,781
Services: Business Total												$	188,584	$	189,639		2347.6	%


						Interest			Maturity					Market		% of Members
Portfolio Company	Investment Type	Index (1)	Spread (1)			Rate			Date	Principal (9)		Cost		Value		Equity (4)
U.S. Dollars
Services: Consumer
CorePower Yoga, LLC (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.25	%		8.92	%	4/30/2031	$	21,047		20,951		21,047
MZR Buyer, LLC (12)(15)(19)(26)(35)(36)	First Lien Senior Secured Loan	SOFR	6.90% (0.50% PIK)				11.07	%	12/22/2028	$	13,687		13,678		12,798
Owl Acquisition, LLC (12)(16)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		4.75	%		8.63	%	4/17/2032	$	14,963		14,860		14,663
Spotless Brands (15)(19)(36)	First Lien Senior Secured Loan - Delayed Draw	SOFR		5.50	%		9.37	%	7/25/2028	$	5,976		5,971		5,976
Vasa Fitness Buyer, Inc. (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		6.35	%		10.07	%	8/15/2030	$	3,990		3,940		3,940
Services: Consumer Total												$	59,400	$	58,424		723.2	%

Telecommunications
Meriplex Communications, Ltd. (12)(16)(19)(35)(36)	First Lien Senior Secured Loan	SOFR		5.10	%		8.82	%	7/17/2028	$	14,696		14,497		14,439
Telecommunications Total												$	14,497	$	14,439		178.7	%

Transportation: Cargo
A&R Logistics, Inc. (12)(15)(19)(26)(34)(35)	First Lien Senior Secured Loan	SOFR	2.65% (4.25% PIK)				10.56	%	2/3/2028	$	29,641		29,641		26,084
Gulf Winds International (12)(15)(19)(26)(34)	First Lien Senior Secured Loan	SOFR	6.00% (1.00% PIK)				10.72	%	12/16/2028	$	14,016		13,844		13,315
Gulf Winds International (12)(15)(19)(26)(35)(36)	First Lien Senior Secured Loan	SOFR	6.00% (1.00% PIK)				10.72	%	12/16/2028	$	15,839		15,718		15,047
ICAT Logistics, Inc. (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		6.25	%		9.97	%	3/1/2029	$	8,978		8,843		8,843
RoadOne (15)(19)(34)	First Lien Senior Secured Loan	SOFR		6.25	%		9.95	%	12/29/2028	$	6,828		6,723		6,828
RoadOne (15)(19)(34)	First Lien Senior Secured Loan - Delayed Draw	SOFR		6.25	%		9.95	%	12/29/2028	$	1,049		1,048		1,049
Transportation: Cargo Total												$	75,817	$	71,166		881.0	%

Transportation: Consumer
PrimeFlight Acquisition LLC (12)(15)(19)	First Lien Senior Secured Loan	SOFR		5.50	%		9.17	%	5/1/2029	$	6,473		6,473		6,473
PrimeFlight Acquisition LLC (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.50	%		9.35	%	5/1/2029	$	22,652		22,317		22,652
Transportation: Consumer Total												$	28,790	$	29,125		360.5	%

Utilities: Electric
KAMC Holdings, Inc. (12)(16)(19)(35)	First Lien Senior Secured Loan	SOFR		5.25	%		9.10	%	8/1/2031	$	4,500		4,452		4,449
Utilities: Electric Total												$	4,452	$	4,449		55.1	%

Utilities: Water
Vessco Water (16)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		4.50	%		8.22	%	7/24/2031	$	13,687		13,625		13,687
Utilities: Water Total												$	13,625	$	13,687		169.4	%

Wholesale
Abracon Group Holding, LLC. (7)(14)(16)(19)(26)(34)	First Lien Senior Secured Loan	SOFR	2.05% (4.60% PIK)				10.54	%	7/6/2028	$	12,471		11,077		7,483
Blackbird Purchaser, Inc. (16)(19)(35)	First Lien Senior Secured Loan	SOFR		5.75	%		9.42	%	12/19/2030	$	5,310		5,310		5,310
Chex Finer Foods, LLC (12)(15)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		6.00	%		9.74	%	6/6/2031	$	16,459		16,389		16,459
Fifty U.S. Bidco Inc (12)(15)(19)(34)(35)(36)	First Lien Senior Secured Loan	SOFR		5.00	%		8.67	%	8/1/2031	$	11,471		11,415		11,414
Hultec (12)(15)(19)(34)	First Lien Senior Secured Loan	SOFR		5.65	%		9.32	%	3/31/2029	$	6,257		6,140		6,257
SureWerx (16)(19)(34)(35)	First Lien Senior Secured Loan	SOFR		5.25	%		8.92	%	12/28/2029	$	8,136		8,017		8,095
Wholesale Total												$	58,348	$	55,018		681.0	%

Investments Total												$	1,556,187	$	1,536,252		19017.7	%

Cash Equivalents
Goldman Sachs Financial Square Government Fund Institutional Share Class (30)	Cash Equivalents	—	—				3.69	%	—	$	64,766		64,766		64,766
Goldman Sachs US Treasury Liquid Reserves Fund (30)	Cash Equivalents	—	—				3.70	%	—	$	57,524		57,524		57,524
Cash Equivalents Total												$	122,290	$	122,290		1513.9	%
Investments and Cash Equivalents Total												$	1,678,477	$	1,658,542		20531.6	%

(1)

The investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate (“SOFR”) which reset daily, monthly, quarterly or semiannually. Investments or a portion thereof may provide for Payment-in-Kind (“PIK”). For each, the Company has provided the PIK or the spread over SOFR and the current weighted average interest rate in effect at December 31, 2025. Certain investments are subject to a SOFR interest rate floor.

(2)

Tick mark not used.

(3)

Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion. The investment may be subject to an unused/letter of credit facility fee.

(4)

Percentages are based on SLP's net assets (in thousands) of $8,078 as of December 31, 2025.

(5)

Tick mark not used.

(6)

Tick mark not used.

(7)

Loan was on non-accrual status as of December 31, 2025.

(8)

Tick mark not used.

(9)

The principal amount (par amount) for all debt securities is denominated in U.S. dollars, unless otherwise noted.

(10)

Tick mark not used.

(11)

Tick mark not used.

(12)

Assets or a portion thereof are pledged as collateral for the 2018-1 Issuer.

(13)

Tick mark not used.

(14)

Non-income producing.

(15)

Loan includes interest rate floor of 1.00%.

(16)

Loan includes interest rate floor of 0.75%.

(17)

Loan includes interest rate floor of 0.50%.

(18)

Loan includes interest rate floor of 0.00%.

(19)

Security valued using unobservable inputs (Level 3).

(20)

Tick mark not used.

(21)

Tick mark not used.

(22)

Tick mark not used.

(23)

Tick mark not used.

(24)

Loan includes interest rate floor of 1.25%.

(25)

Tick mark not used.

(26)

Denotes that all or a portion of the debt investment includes PIK interest during the period.

(27)

Tick mark not used.

(28)

Tick mark not used.

(29)

Tick mark not used.

(30)

Cash equivalents include $122,290 of restricted cash.

(31)

Loan includes interest rate floor of 2.00%.

(32)

Loan includes interest rate floor of 1.50%.

(33)

Tick mark not used.

(34)

Assets or a portion thereof are pledged as collateral for the 2023-1 Issuer.

(35)

Assets or a portion thereof are pledged as collateral for the 2024-1 Issuer.

(36)

Assets or a portion thereof are pledged as collateral for the 2025-1 Issuer.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column B)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column D))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 1)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 1)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 4)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column B)(Footnote 10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 45: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 13))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 47: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 49: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 50: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 51: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 52: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 53: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 54: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 55: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 56: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 57: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 58: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 59: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 60: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 5)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 61: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 62: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 63: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 64: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 19
-Subparagraph (1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-19

Reference 65: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 19
-Subparagraph (3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-19

+ Details