| Schedule of significant contractual payment obligations |
The following table summarizes the Company’s significant contractual payment obligations as of March 31, 2026 and December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unfunded Commitment Balances |
|
Investment |
|
Investment Type |
|
Index (^) |
|
Spread |
|
Interest Rate |
|
Maturity |
|
Industry |
|
March 31, 2026 |
|
|
December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Midwest Eye Services |
|
Senior Secured Fourth Amendment Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
8/20/2027 |
|
Healthcare & Pharmaceuticals |
|
$ |
1,430,667 |
|
|
$ |
1,576,000 |
|
Prime Pensions |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
2/26/2030 |
|
Banking, Finance, Insurance & Real Estate |
|
|
1,253,333 |
|
|
|
1,253,333 |
|
Onyx Fire |
|
Senior Secured Second Amendment Incremental DDTL |
|
S+ |
|
4.50% |
|
8.18% |
|
7/31/2031 |
|
Services: Business |
|
|
1,000,000 |
|
|
|
— |
|
Summit Spine 2025 |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
3/25/2031 |
|
Healthcare & Pharmaceuticals |
|
|
986,972 |
|
|
|
986,972 |
|
Electro Methods |
|
Senior Secured Revolving Credit Facility |
|
S+ |
|
4.75% |
|
8.43% |
|
2/23/2032 |
|
Aerospace & Defense |
|
|
812,714 |
|
|
|
812,714 |
|
Embark |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
9/2/2032 |
|
Services: Business |
|
|
800,000 |
|
|
|
800,000 |
|
Minds + Assembly |
|
Senior Secured Revolving Loan (First Lien) |
|
S+ |
|
5.00% |
|
8.68% |
|
5/3/2029 |
|
Healthcare & Pharmaceuticals |
|
|
683,230 |
|
|
|
683,230 |
|
Kenco |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.25% |
|
7.93% |
|
11/15/2029 |
|
Transportation: Cargo |
|
|
666,614 |
|
|
|
913,170 |
|
Cherry Bekaert |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
6/30/2030 |
|
Banking, Finance, Insurance & Real Estate |
|
|
531,399 |
|
|
|
616,472 |
|
Ned Stevens 2022-2 |
|
Senior Secured 2025 Incremental Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
11/1/2029 |
|
Services: Consumer |
|
|
511,968 |
|
|
|
708,787 |
|
Ned Stevens 2022-2 |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
11/1/2028 |
|
Services: Consumer |
|
|
507,703 |
|
|
|
507,703 |
|
Miller Environmental |
|
Senior Secured Delayed Draw Term Loan (General) |
|
S+ |
|
5.00% |
|
8.68% |
|
9/10/2031 |
|
Environmental Industries |
|
|
505,263 |
|
|
|
726,316 |
|
Aprio |
|
Senior Secured 2025-2 Incremental Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
8/1/2031 |
|
Services: Business |
|
|
500,000 |
|
|
|
500,000 |
|
Frazier & Deeter |
|
Senior Secured 2026 Incremental Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
5/3/2032 |
|
Banking, Finance, Insurance & Real Estate |
|
|
500,000 |
|
|
|
— |
|
Sequel Ortho (fka OrthoNebraska) |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
7/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
481,266 |
|
|
|
481,266 |
|
Engine & Transmission Exchange |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
5/26/2029 |
|
Automotive |
|
|
478,873 |
|
|
|
513,078 |
|
Kept Companies |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.25% |
|
8.93% |
|
4/30/2029 |
|
Services: Business |
|
|
475,425 |
|
|
|
475,425 |
|
Summit Spine 2025 |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
3/25/2031 |
|
Healthcare & Pharmaceuticals |
|
|
463,877 |
|
|
|
463,877 |
|
MediaRadar |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
9/16/2029 |
|
Media: Advertising, Printing & Publishing |
|
|
406,737 |
|
|
|
337,010 |
|
Miller Environmental |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
9/10/2031 |
|
Environmental Industries |
|
|
400,916 |
|
|
|
400,916 |
|
Prime Pensions |
|
Senior Secured Revolving Credit |
|
S+ |
|
4.75% |
|
8.43% |
|
2/26/2030 |
|
Banking, Finance, Insurance & Real Estate |
|
|
380,952 |
|
|
|
380,952 |
|
InnovateMR |
|
Senior Secured Revolving Loan |
|
S+ |
|
6.00% |
|
9.68% |
|
1/20/2028 |
|
Services: Business |
|
|
365,388 |
|
|
|
365,388 |
|
Heartland |
|
Senior Secured 2025 Incremental Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
12/12/2029 |
|
Services: Business |
|
|
338,468 |
|
|
|
338,468 |
|
Amplix |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
10/18/2029 |
|
Services: Business |
|
|
329,670 |
|
|
|
329,670 |
|
Midwest Eye Services |
|
Senior Secured Fourth Amendment Incremental Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
8/20/2027 |
|
Healthcare & Pharmaceuticals |
|
|
322,034 |
|
|
|
322,034 |
|
Kenco |
|
Senior Secured DDTL |
|
S+ |
|
4.25% |
|
7.93% |
|
11/15/2029 |
|
Transportation: Cargo |
|
|
319,523 |
|
|
|
319,523 |
|
Eagle Fire |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.25% |
|
7.93% |
|
7/15/2032 |
|
Services: Business |
|
|
314,949 |
|
|
|
314,949 |
|
Trystar |
|
Senior Secured Amendment No. 2 Incremental Delayed Draw Term Loan |
|
S+ |
|
4.25% |
|
7.93% |
|
8/6/2031 |
|
Capital Equipment |
|
|
312,500 |
|
|
|
— |
|
Lindsay Precast |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
12/16/2032 |
|
Construction & Building |
|
|
310,345 |
|
|
|
310,345 |
|
Vertellus |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.75% |
|
9.43% |
|
1/2/2029 |
|
Chemicals, Plastics & Rubber |
|
|
308,611 |
|
|
|
284,028 |
|
Super-Sod |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
3/10/2032 |
|
Services: Consumer |
|
|
303,030 |
|
|
|
— |
|
Lindsay Precast |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
12/16/2032 |
|
Construction & Building |
|
|
284,483 |
|
|
|
284,483 |
|
RevHealth |
|
Senior Secured Revolving Loan |
|
S+ |
|
2.50% |
|
6.18% |
|
7/21/2028 |
|
Healthcare & Pharmaceuticals |
|
|
282,534 |
|
|
|
333,904 |
|
Specialized Dental |
|
Senior Secured Sixth Amendment DDTL |
|
S+ |
|
4.75% |
|
8.43% |
|
11/1/2028 |
|
Healthcare & Pharmaceuticals |
|
|
280,374 |
|
|
|
280,374 |
|
Associated Springs |
|
Senior Secured Amendment No. 1 Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
4/4/2030 |
|
Capital Equipment |
|
|
280,303 |
|
|
|
325,758 |
|
Beta+ |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.25% |
|
7.93% |
|
7/1/2027 |
|
Banking, Finance, Insurance & Real Estate |
|
|
276,289 |
|
|
|
193,402 |
|
A1 Garage Door |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
12/22/2028 |
|
Construction & Building |
|
|
275,482 |
|
|
|
275,482 |
|
Trystar |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.25% |
|
7.93% |
|
8/6/2031 |
|
Capital Equipment |
|
|
272,724 |
|
|
|
272,724 |
|
Brown & Root |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
10/3/2030 |
|
Construction & Building |
|
|
270,962 |
|
|
|
192,857 |
|
CCG |
|
Senior Secured Revolving Facility |
|
S+ |
|
4.50% |
|
8.18% |
|
12/30/2032 |
|
Services: Business |
|
|
270,758 |
|
|
|
270,758 |
|
Dane Street |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
3/24/2033 |
|
Healthcare & Pharmaceuticals |
|
|
270,000 |
|
|
|
— |
|
Ivy Rehab |
|
Senior Secured Amendment No. 3 Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
4/23/2029 |
|
Healthcare & Pharmaceuticals |
|
|
259,333 |
|
|
|
349,000 |
|
Gallo Mechanical |
|
Senior Secured Initial Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
8/2/2032 |
|
Services: Business |
|
|
253,934 |
|
|
|
253,934 |
|
Options IT |
|
Senior Secured Effective Date Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
9/30/2031 |
|
High Tech Industries |
|
|
247,692 |
|
|
|
256,410 |
|
Super-Sod |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
3/10/2032 |
|
Services: Consumer |
|
|
242,424 |
|
|
|
— |
|
Heartland |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
12/12/2029 |
|
Services: Business |
|
|
238,484 |
|
|
|
252,112 |
|
Hissho Sushi |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
5/18/2029 |
|
Beverage, Food & Tobacco |
|
|
238,095 |
|
|
|
238,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment |
|
Investment Type |
|
Index (^) |
|
Spread |
|
Interest Rate |
|
Maturity |
|
Industry |
|
March 31, 2026 |
|
|
December 31, 2025 |
|
Vortex Companies |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
9/4/2029 |
|
Services: Business |
|
$ |
235,518 |
|
|
$ |
235,518 |
|
Voeller |
|
Senior Secured Initial Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
11/25/2032 |
|
Construction & Building |
|
|
232,558 |
|
|
|
232,558 |
|
Rover |
|
Senior Secured Amendment No. 1 Incremental Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
2/27/2031 |
|
Services: Consumer |
|
|
229,500 |
|
|
|
376,500 |
|
Clearway |
|
Senior Secured Tenth Amendment Delayed Draw Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
8/30/2030 |
|
Healthcare & Pharmaceuticals |
|
|
226,837 |
|
|
|
226,837 |
|
Vessco |
|
Senior Secured 2025 Incremental DDTL |
|
S+ |
|
4.50% |
|
8.18% |
|
11/3/2032 |
|
Utilities: Water |
|
|
225,623 |
|
|
|
225,623 |
|
Whitcraft |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
9/30/2031 |
|
Aerospace & Defense |
|
|
216,071 |
|
|
|
267,857 |
|
GoldenSource |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
5/12/2028 |
|
Services: Business |
|
|
215,962 |
|
|
|
215,962 |
|
Blue Cloud |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
1/21/2031 |
|
Healthcare & Pharmaceuticals |
|
|
210,227 |
|
|
|
68,182 |
|
PayByPhone |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
3/31/2033 |
|
High Tech Industries |
|
|
205,128 |
|
|
|
— |
|
Steward Partners |
|
Senior Secured Delayed Draw Term C Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
10/14/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
200,889 |
|
|
|
388,667 |
|
Plaskolite |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
7.00% |
|
10.68% |
|
2/7/2030 |
|
Capital Equipment |
|
|
200,067 |
|
|
|
235,294 |
|
TRG |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
1/5/2032 |
|
Capital Equipment |
|
|
200,000 |
|
|
|
— |
|
Gallo Mechanical |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
8/2/2032 |
|
Services: Business |
|
|
195,334 |
|
|
|
195,334 |
|
Industrial Services Group |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.75% |
|
9.43% |
|
12/7/2028 |
|
Services: Business |
|
|
190,476 |
|
|
|
228,571 |
|
80/20 |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
12/12/2032 |
|
Capital Equipment |
|
|
190,476 |
|
|
|
190,476 |
|
O6 Environmental |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
8/5/2032 |
|
Environmental Industries |
|
|
185,476 |
|
|
|
185,476 |
|
Levata |
|
Senior Secured Sixteenth Amendment Incremental Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
12/21/2027 |
|
Services: Business |
|
|
184,075 |
|
|
|
184,075 |
|
Embark |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
9/2/2032 |
|
Services: Business |
|
|
184,000 |
|
|
|
192,000 |
|
Secretariat |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.00% |
|
7.68% |
|
2/28/2032 |
|
Services: Business |
|
|
180,723 |
|
|
|
180,723 |
|
Cerity Partners |
|
Senior Secured Initial Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
7/28/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
172,043 |
|
|
|
240,860 |
|
Aurora Energy Research |
|
Senior Secured Delayed Draw Term Facility Notes |
|
S+ |
|
5.00% |
|
8.68% |
|
9/8/2032 |
|
Services: Business |
|
|
166,667 |
|
|
|
166,667 |
|
VaxCare |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
6/17/2032 |
|
Healthcare & Pharmaceuticals |
|
|
166,667 |
|
|
|
166,667 |
|
Aprio |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
8/1/2031 |
|
Services: Business |
|
|
166,455 |
|
|
|
249,682 |
|
Denali Water Solutions |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
11/19/2032 |
|
Environmental Industries |
|
|
164,103 |
|
|
|
— |
|
O6 Environmental |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
8/5/2032 |
|
Environmental Industries |
|
|
162,291 |
|
|
|
162,291 |
|
Clearway |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
8/30/2030 |
|
Healthcare & Pharmaceuticals |
|
|
161,933 |
|
|
|
161,933 |
|
Capital Consultants Management |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
11/1/2031 |
|
Services: Business |
|
|
157,746 |
|
|
|
157,746 |
|
Aptive Environmental |
|
Senior Secured Initial Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
10/15/2032 |
|
Services: Consumer |
|
|
155,039 |
|
|
|
155,039 |
|
AGS Health |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
8/2/2032 |
|
Healthcare & Pharmaceuticals |
|
|
151,520 |
|
|
|
83,340 |
|
Rover |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
2/27/2031 |
|
Services: Consumer |
|
|
150,000 |
|
|
|
150,000 |
|
Dun & Bradstreet |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
8/26/2032 |
|
Services: Business |
|
|
150,000 |
|
|
|
150,000 |
|
Liberty Group |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.75% |
|
9.43% |
|
12/15/2028 |
|
Services: Business |
|
|
147,727 |
|
|
|
147,727 |
|
Tank Holding |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.75% |
|
9.43% |
|
3/31/2028 |
|
Capital Equipment |
|
|
147,692 |
|
|
|
147,692 |
|
Voeller |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
11/25/2032 |
|
Construction & Building |
|
|
147,287 |
|
|
|
186,047 |
|
Inhabit |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
1/12/2032 |
|
High Tech Industries |
|
|
138,889 |
|
|
|
138,889 |
|
Lexitas |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
4/15/2031 |
|
Services: Business |
|
|
136,546 |
|
|
|
144,947 |
|
EPIC Insurance |
|
Senior Secured Fifth Amendment Refinancing Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
9/29/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
134,981 |
|
|
|
179,699 |
|
Eagle Fire |
|
Senior Secured Initial Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
7/15/2032 |
|
Services: Business |
|
|
134,615 |
|
|
|
134,615 |
|
Insight Global |
|
Senior Secured 2024 Refinancing Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
9/22/2028 |
|
Services: Business |
|
|
134,178 |
|
|
|
134,178 |
|
AI Fire & Safety |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
2/2/2032 |
|
Services: Business |
|
|
129,779 |
|
|
|
174,632 |
|
Americhem |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
3/1/2032 |
|
Chemicals, Plastics & Rubber |
|
|
128,571 |
|
|
|
128,571 |
|
PayByPhone |
|
Senior Secured Revolving Credit |
|
S+ |
|
4.75% |
|
8.43% |
|
3/31/2033 |
|
High Tech Industries |
|
|
128,205 |
|
|
|
— |
|
Discovery Education |
|
Senior Secured Revolving Credit Loan (First Lien) |
|
S+ |
|
5.75% |
|
9.43% |
|
4/9/2029 |
|
Services: Business |
|
|
128,205 |
|
|
|
76,923 |
|
80/20 |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
12/12/2032 |
|
Capital Equipment |
|
|
126,984 |
|
|
|
126,984 |
|
Dane Street |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
3/24/2033 |
|
Healthcare & Pharmaceuticals |
|
|
125,000 |
|
|
|
— |
|
TRG |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
1/5/2032 |
|
Capital Equipment |
|
|
125,000 |
|
|
|
— |
|
Steward Partners |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
10/14/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
125,000 |
|
|
|
125,000 |
|
SupplyHouse |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.00% |
|
7.68% |
|
7/1/2032 |
|
Capital Equipment |
|
|
125,000 |
|
|
|
125,000 |
|
Electric Power Engineers |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
12/31/2031 |
|
Construction & Building |
|
|
123,810 |
|
|
|
238,095 |
|
Shrieve |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
6.00% |
|
9.68% |
|
10/30/2030 |
|
Chemicals, Plastics & Rubber |
|
|
114,792 |
|
|
|
147,694 |
|
Healthcare Linen Service Group |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
2/2/2033 |
|
Healthcare & Pharmaceuticals |
|
|
111,940 |
|
|
|
— |
|
APT Healthcare |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
9/30/2031 |
|
Healthcare & Pharmaceuticals |
|
|
111,111 |
|
|
|
111,111 |
|
APT Healthcare |
|
Senior Secured Initial Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
9/30/2031 |
|
Healthcare & Pharmaceuticals |
|
|
111,111 |
|
|
|
111,111 |
|
Industrial Physics |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
6.25% |
|
9.93% |
|
7/19/2028 |
|
Containers, Packaging & Glass |
|
|
107,759 |
|
|
|
47,414 |
|
RailPros |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.25% |
|
7.93% |
|
5/24/2032 |
|
Construction & Building |
|
|
107,692 |
|
|
|
153,846 |
|
VC3 |
|
Senior Secured RC |
|
S+ |
|
5.00% |
|
8.68% |
|
3/12/2029 |
|
Services: Business |
|
|
107,692 |
|
|
|
107,692 |
|
PlayPower |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.25% |
|
8.93% |
|
10/29/2030 |
|
Construction & Building |
|
|
106,092 |
|
|
|
106,092 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment |
|
Investment Type |
|
Index (^) |
|
Spread |
|
Interest Rate |
|
Maturity |
|
Industry |
|
March 31, 2026 |
|
|
December 31, 2025 |
|
Ascend |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
8/11/2031 |
|
Services: Business |
|
$ |
103,093 |
|
|
$ |
171,821 |
|
Cirtec Medical |
|
Senior Secured Revolving Credit (First Lien) |
|
S+ |
|
5.00% |
|
8.68% |
|
10/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
102,778 |
|
|
|
116,667 |
|
Ivy Rehab |
|
Senior Secured Revolving Credit Loan (First Lien) |
|
S+ |
|
4.75% |
|
8.43% |
|
4/21/2028 |
|
Healthcare & Pharmaceuticals |
|
|
101,347 |
|
|
|
131,650 |
|
Tronair |
|
Senior Secured Revolving Loan |
|
S+ |
|
3.75% |
|
7.43% |
|
12/22/2032 |
|
Aerospace & Defense |
|
|
100,000 |
|
|
|
100,000 |
|
Associated Springs |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
4/4/2030 |
|
Capital Equipment |
|
|
94,406 |
|
|
|
94,406 |
|
FMG Suite |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
9/9/2032 |
|
Services: Consumer |
|
|
94,340 |
|
|
|
94,340 |
|
Americhem |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
3/1/2032 |
|
Chemicals, Plastics & Rubber |
|
|
90,909 |
|
|
|
90,909 |
|
Precision Concepts |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
8/2/2032 |
|
Containers, Packaging & Glass |
|
|
90,471 |
|
|
|
105,004 |
|
AI Fire & Safety |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
2/2/2032 |
|
Services: Business |
|
|
89,820 |
|
|
|
89,820 |
|
Burke Porter Group |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
6.00% |
|
9.68% |
|
7/29/2028 |
|
Capital Equipment |
|
|
88,872 |
|
|
|
98,809 |
|
Aprio |
|
Senior Secured 2025 Incremental Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
8/1/2031 |
|
Services: Business |
|
|
87,884 |
|
|
|
343,877 |
|
Inhabit |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
1/12/2032 |
|
High Tech Industries |
|
|
87,715 |
|
|
|
87,715 |
|
Frazier & Deeter |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
5/3/2032 |
|
Banking, Finance, Insurance & Real Estate |
|
|
86,765 |
|
|
|
86,765 |
|
Kept Companies |
|
Senior Secured DDTAL Loan |
|
S+ |
|
5.25% |
|
8.93% |
|
4/30/2029 |
|
Services: Business |
|
|
84,531 |
|
|
|
229,903 |
|
AGS Health |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
8/2/2032 |
|
Healthcare & Pharmaceuticals |
|
|
83,340 |
|
|
|
151,520 |
|
Avalon |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
12/31/2031 |
|
Healthcare & Pharmaceuticals |
|
|
83,333 |
|
|
|
83,333 |
|
Trystar |
|
Senior Secured Amendment No. 2 Incremental Revolver |
|
S+ |
|
4.25% |
|
7.93% |
|
8/6/2031 |
|
Capital Equipment |
|
|
83,333 |
|
|
|
— |
|
Leaf Home |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.25% |
|
8.93% |
|
9/4/2031 |
|
Construction & Building |
|
|
83,250 |
|
|
|
99,000 |
|
Industrial Electric Manufacturing |
|
Senior Secured 2025 Incremental DDTL |
|
S+ |
|
4.50% |
|
8.18% |
|
12/3/2031 |
|
Capital Equipment |
|
|
81,226 |
|
|
|
81,226 |
|
RailPros |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.25% |
|
7.93% |
|
5/24/2032 |
|
Construction & Building |
|
|
80,666 |
|
|
|
80,666 |
|
Apex Service Partners |
|
Senior Secured 2024 Revolving Credit Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
10/24/2029 |
|
Services: Consumer |
|
|
79,053 |
|
|
|
107,800 |
|
Aptive Environmental |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
10/15/2032 |
|
Services: Consumer |
|
|
77,519 |
|
|
|
77,519 |
|
Pegasus |
|
Senior Secured Amendment No. 1 Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
1/19/2031 |
|
Capital Equipment |
|
|
76,955 |
|
|
|
85,789 |
|
AIA Contract |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
7/2/2031 |
|
Services: Business |
|
|
75,758 |
|
|
|
75,758 |
|
Health Management Associates |
|
Senior Secured Revolving Loan |
|
S+ |
|
6.25% |
|
9.93% |
|
3/30/2029 |
|
Services: Business |
|
|
71,048 |
|
|
|
71,048 |
|
Nvision |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
12/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
67,470 |
|
|
|
85,071 |
|
Alliance Environmental Group |
|
Senior Secured Priority Revolving Loan |
|
S+ |
|
0.00% |
|
3.68% |
|
12/30/2028 |
|
Environmental Industries |
|
|
66,225 |
|
|
|
66,225 |
|
Options IT |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
3/31/2031 |
|
High Tech Industries |
|
|
65,225 |
|
|
|
65,225 |
|
MB2 Dental |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
2/13/2031 |
|
Healthcare & Pharmaceuticals |
|
|
64,171 |
|
|
|
54,813 |
|
insightsoftware |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.25% |
|
8.93% |
|
5/25/2028 |
|
High Tech Industries |
|
|
62,273 |
|
|
|
82,451 |
|
Radwell |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
4/1/2029 |
|
Capital Equipment |
|
|
61,332 |
|
|
|
66,665 |
|
Carlisle Foodservice |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
10/2/2029 |
|
Wholesale |
|
|
61,238 |
|
|
|
75,204 |
|
Electric Power Engineers |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
12/31/2031 |
|
Construction & Building |
|
|
58,065 |
|
|
|
96,774 |
|
Lexitas |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
4/15/2031 |
|
Services: Business |
|
|
57,274 |
|
|
|
57,274 |
|
R. F. Fager |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
3/4/2030 |
|
Services: Consumer |
|
|
56,942 |
|
|
|
49,033 |
|
FMG Suite |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
9/9/2032 |
|
Services: Consumer |
|
|
56,604 |
|
|
|
56,604 |
|
Argano |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
9/13/2029 |
|
Services: Business |
|
|
55,647 |
|
|
|
55,647 |
|
Aurora Energy Research |
|
Senior Secured Original Revolving Facility Notes |
|
S+ |
|
5.00% |
|
8.68% |
|
9/8/2032 |
|
Services: Business |
|
|
55,556 |
|
|
|
55,556 |
|
AGS Health |
|
Senior Secured Tranche A Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
8/2/2032 |
|
Healthcare & Pharmaceuticals |
|
|
53,040 |
|
|
|
30,300 |
|
S&P Engineering Solutions |
|
Senior Secured 2024 Converted Revolving Credit Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
5/2/2029 |
|
Services: Business |
|
|
49,020 |
|
|
|
49,020 |
|
Trace3 |
|
Senior Secured Delayed Draw Term B Loan |
|
S+ |
|
4.00% |
|
7.68% |
|
10/29/2032 |
|
Services: Business |
|
|
47,619 |
|
|
|
47,619 |
|
Specialized Dental |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
11/1/2028 |
|
Healthcare & Pharmaceuticals |
|
|
46,729 |
|
|
|
46,729 |
|
Encore |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
12/5/2029 |
|
Hotels, Gaming & Leisure |
|
|
44,861 |
|
|
|
54,709 |
|
Healthcare Linen Service Group |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
2/2/2033 |
|
Healthcare & Pharmaceuticals |
|
|
44,776 |
|
|
|
— |
|
Alliance Environmental Group |
|
Senior Secured Revolving Loan |
|
S+ |
|
0.00% |
|
3.68% |
|
12/30/2028 |
|
Environmental Industries |
|
|
44,702 |
|
|
|
102,649 |
|
Vessco |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
11/3/2032 |
|
Utilities: Water |
|
|
42,308 |
|
|
|
42,308 |
|
Ohio Transmission |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
5.75% |
|
9.43% |
|
12/19/2030 |
|
Capital Equipment |
|
|
40,329 |
|
|
|
40,329 |
|
Nvision |
|
Senior Secured First Amendment Delayed Draw Term Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
12/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
34,665 |
|
|
|
34,665 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment |
|
Investment Type |
|
Index (^) |
|
Spread |
|
Interest Rate |
|
Maturity |
|
Industry |
|
March 31, 2026 |
|
|
December 31, 2025 |
|
LightBox |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
1/13/2030 |
|
High Tech Industries |
|
|
32,960 |
|
|
|
32,960 |
|
AGS Health |
|
Senior Secured Tranche A Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
8/2/2032 |
|
Healthcare & Pharmaceuticals |
|
|
30,300 |
|
|
|
53,040 |
|
Frazier & Deeter |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
5/2/2031 |
|
Banking, Finance, Insurance & Real Estate |
|
|
29,412 |
|
|
|
88,235 |
|
Ohio Transmission |
|
Senior Secured Initial Revolving Loan |
|
S+ |
|
5.75% |
|
9.43% |
|
12/19/2029 |
|
Capital Equipment |
|
|
27,733 |
|
|
|
20,800 |
|
Mitratech |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
12/2/2031 |
|
Services: Business |
|
|
22,936 |
|
|
|
22,936 |
|
Keter Environmental Services |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.25% |
|
8.93% |
|
10/29/2027 |
|
Environmental Industries |
|
|
22,610 |
|
|
|
49,096 |
|
Augusta Sportswear |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
7.00% |
|
10.68% |
|
11/21/2028 |
|
Consumer Goods: Non-Durable |
|
|
19,664 |
|
|
|
103,887 |
|
R. F. Fager |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
3/4/2030 |
|
Services: Consumer |
|
|
18,506 |
|
|
|
83,515 |
|
Mitratech |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.43% |
|
12/2/2031 |
|
Services: Business |
|
|
18,349 |
|
|
|
18,349 |
|
FLS Transportation |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.25% |
|
8.93% |
|
12/17/2027 |
|
Transportation: Cargo |
|
|
1,111 |
|
|
|
1,111 |
|
Nvision |
|
Senior Secured Fourth Amendment Delayed Draw Term Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
12/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
817,121 |
|
Trystar |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.25% |
|
7.93% |
|
8/6/2031 |
|
Capital Equipment |
|
|
— |
|
|
|
411,993 |
|
EPIC Insurance |
|
Senior Secured Refinancing Third Amendment Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
9/29/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
— |
|
|
|
353,029 |
|
EyeSouth Partners |
|
Senior Secured Amendment No.2 Delayed Draw Term Loan (First Lien) |
|
S+ |
|
5.50% |
|
9.18% |
|
10/5/2029 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
208,323 |
|
Denali Water Solutions |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
1/29/2026 |
|
Environmental Industries |
|
|
— |
|
|
|
196,154 |
|
MB2 Dental |
|
Senior Secured Tranche 1 Delayed Draw Term Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
2/13/2031 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
160,428 |
|
Apex Service Partners |
|
Senior Secured Second Amendment Incremental DDTL Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
10/24/2030 |
|
Services: Consumer |
|
|
— |
|
|
|
116,393 |
|
Micro Merchant Systems |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
12/14/2027 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
111,111 |
|
insightsoftware |
|
Senior Secured Seventh Supplemental DDTL |
|
S+ |
|
5.25% |
|
8.93% |
|
5/25/2028 |
|
High Tech Industries |
|
|
— |
|
|
|
103,333 |
|
USALCO |
|
Senior Secured 2025 Delayed Draw Term Loan |
|
S+ |
|
3.50% |
|
7.18% |
|
9/30/2031 |
|
Chemicals, Plastics & Rubber |
|
|
— |
|
|
|
103,030 |
|
Vensure |
|
Senior Secured Initial Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.68% |
|
9/27/2031 |
|
Services: Business |
|
|
— |
|
|
|
31,253 |
|
Ascend |
|
Senior Secured Closing Date Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.18% |
|
8/11/2031 |
|
Services: Business |
|
|
— |
|
|
|
25,773 |
|
United Comfort Group (fka United Air Temp) |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.18% |
|
3/28/2030 |
|
Services: Consumer |
|
|
— |
|
|
|
14,756 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
33,983,424 |
|
|
$ |
35,365,597 |
|
|