
	As of June 30, 2026						As of September 30, 2025
	Principal		Amortized Cost		Fair Value		Principal		Amortized Cost		Fair Value
Senior secured	$	120,696	$	119,922	$	120,063	$	77,389	$	76,691	$	77,408
One stop	2,519,022		2,491,420		2,480,728		2,069,014		2,037,002		2,063,173
Second lien	3,736		3,713		3,736		12,674		12,600		12,722
Subordinated debt	22,213		22,387		21,841		20,908		20,615		20,741
Equity	N/A		37,311		41,121		N/A		29,539		35,130
Total	$	2,665,667	$	2,674,753	$	2,667,489	$	2,179,985	$	2,176,447	$	2,209,174

The following tables show the portfolio composition by geographic region at amortized cost and fair value as a percentage of total investments in portfolio companies. The geographic composition is determined by the location of the corporate headquarters of the portfolio company, which is not always indicative of the primary source of the portfolio company’s business.


	As of June 30, 2026				As of September 30, 2025
Amortized Cost:
United States
Southeast	$	485,350	18.2	%	$	445,901	20.5	%
Midwest	473,431		17.7		395,386		18.2
Mid-Atlantic	434,279		16.3		285,602		13.1
West	404,742		15.1		369,906		17.0
Southwest	369,607		13.8		255,497		11.7
Northeast	166,438		6.2		144,153		6.6
United Kingdom	188,045		7.0		140,614		6.5
Germany	45,892		1.7		53,904		2.5
Canada	32,188		1.2		20,172		0.9
Australia	27,211		1.0		25,160		1.2
Jersey	20,451		0.8		20,433		1.0
Finland	8,118		0.3		6,987		0.3
Netherlands	5,668		0.2		4,250		0.2
Sweden	5,364		0.2		5,264		0.2
France	5,138		0.2		2,281		0.1
Israel	1,963		0.1		81		0.0	*
Denmark	546		0.0	*	544		0.0	*
Luxembourg	322		0.0	*	312		0.0	*
Total	$	2,674,753	100.0	%	$	2,176,447	100.0	%

Fair Value:
United States
Southeast	$	484,477	18.2	%	$	449,900	20.4	%
Midwest	473,127		17.7		401,851		18.2
Mid-Atlantic	433,386		16.2		288,569		13.1
West	403,920		15.1		374,368		16.9
Southwest	367,868		13.8		258,152		11.7
Northeast	163,430		6.1		145,343		6.6
United Kingdom	186,832		7.0		143,807		6.5
Germany	47,038		1.8		58,632		2.7
Canada	31,156		1.2		20,437		0.9
Australia	28,360		1.1		25,855		1.2
Jersey	20,530		0.8		21,123		1.0
Finland	8,166		0.3		7,561		0.3
Netherlands	5,786		0.2		4,621		0.2
Sweden	5,394		0.2		5,459		0.2
France	5,134		0.2		2,497		0.1
Israel	2,055		0.1		123		0.0	*
Denmark	538		0.0	*	545		0.0	*
Luxembourg	292		0.0	*	331		0.0	*
Total	$	2,667,489	100.0	%	$	2,209,174	100.0	%


	As of June 30, 2026				As of September 30, 2025
Amortized Cost:
Aerospace & Defense	$	57,103	2.1	%	$	24,586	1.1	%
Air Freight & Logistics	22,767		0.9		22,726		1.0
Auto Components	38,873		1.5		36,496		1.7
Automobiles	147,681		5.5		98,937		4.6
Banks	12,476		0.5		9,356		0.4
Beverages	25,666		1.0		25,503		1.2
Building Products	1,012		0.0	*	677		0.0	*
Capital Markets	24,731		0.9		22,977		1.1
Chemicals	6,461		0.2		6,453		0.3

Commercial Services & Supplies	83,947		3.1		95,995		4.4
Construction & Engineering	18,722		0.7		17,379		0.8
Containers & Packaging	5,266		0.2		1,715		0.1
Diversified Consumer Services	173,006		6.5		148,679		6.8
Diversified Financial Services	72,881		2.7		62,615		2.9
Electric Utilities	1,965		0.1		1,903		0.1
Electrical Equipment	—		—		7,028		0.3
Electronic Equipment, Instruments & Components	5,181		0.2		5,184		0.2
Food & Staples Retailing	2,285		0.1		—		—
Food Products	33,047		1.2		32,759		1.5
Healthcare Equipment & Supplies	113,203		4.2		51,101		2.3
Healthcare Providers & Services	121,691		4.6		106,401		4.9
Healthcare Technology	151,350		5.7		108,643		5.0
Hotels, Restaurants & Leisure	156,351		5.9		127,364		5.9
Household Durables	2,011		0.1		—		—
Household Products	2,710		0.1		2,728		0.1
Industrial Conglomerates	50,325		1.9		28,527		1.3
Insurance	159,581		6.0		117,345		5.4
IT Services	54,676		2.0		44,242		2.0
Leisure Products	37,755		1.4		36,537		1.7
Life Sciences Tools & Services	41,286		1.5		23,565		1.1
Machinery	33,835		1.3		31,475		1.4
Media	16,548		0.6		14,869		0.7
Oil, Gas & Consumable Fuels	32,676		1.2		25,311		1.2

Pharmaceuticals	29,268		1.1		21,811		1.0
Professional Services	88,632		3.3		79,954		3.7
Road & Rail	—		—		13,840		0.6
Software	699,054		26.1		577,485		26.5
Specialty Retail	129,188		4.8		126,438		5.8

Transportation Infrastructure	16,330		0.6		16,060		0.8
Water Utilities	5,213		0.2		1,783		0.1
Total	$	2,674,753	100.0	%	$	2,176,447	100.0	%


	As of June 30, 2026				As of September 30, 2025
Fair Value:
Aerospace & Defense	$	56,943	2.1	%	$	24,652	1.1	%
Air Freight & Logistics	23,132		0.9		23,033		1.0
Auto Components	39,252		1.5		36,957		1.7
Automobiles	149,602		5.6		101,466		4.6
Banks	12,266		0.5		9,456		0.4
Beverages	25,936		1.0		26,202		1.2
Building Products	1,017		0.0	*	693		0.0	*
Capital Markets	24,534		0.9		23,193		1.1
Chemicals	6,446		0.2		6,475		0.3
Commercial Services & Supplies	83,855		3.1		96,815		4.4
Construction & Engineering	18,643		0.7		17,502		0.8
Containers & Packaging	5,170		0.2		1,718		0.1

Diversified Consumer Services	171,725		6.4		150,189		6.8
Diversified Financial Services	72,914		2.7		63,719		2.9
Electric Utilities	2,066		0.1		1,997		0.1
Electrical Equipment	—		—		7,157		0.3
Electronic Equipment, Instruments & Components	5,234		0.2		5,345		0.2
Food & Staples Retailing	2,231		0.1		—		—
Food Products	33,281		1.3		33,072		1.5
Healthcare Equipment & Supplies	113,225		4.2		51,329		2.3
Healthcare Providers & Services	122,151		4.6		108,172		4.9
Healthcare Technology	150,991		5.7		109,991		5.0
Hotels, Restaurants & Leisure	156,398		5.9		128,251		5.8
Household Durables	2,008		0.1		—		—
Household Products	2,687		0.1		2,744		0.1
Industrial Conglomerates	51,572		1.9		30,631		1.4
Insurance	159,491		6.0		119,150		5.4
IT Services	54,064		2.0		44,632		2.0
Leisure Products	37,666		1.4		36,536		1.7
Life Sciences Tools & Services	40,860		1.5		24,992		1.1
Machinery	33,685		1.3		31,741		1.4
Media	16,590		0.6		14,886		0.7
Oil, Gas & Consumable Fuels	32,812		1.2		25,498		1.2

Pharmaceuticals	29,298		1.1		22,245		1.0
Professional Services	87,468		3.3		80,355		3.7
Road & Rail	—		—		13,930		0.6
Software	693,339		26.0		590,302		26.7
Specialty Retail	127,475		4.8		126,384		5.7

Transportation Infrastructure	16,248		0.6		15,965		0.7
Water Utilities	5,214		0.2		1,799		0.1
Total	$	2,667,489	100.0	%	$	2,209,174	100.0	%