v3.26.1
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Investments at fair value $ 25,367,235 $ 24,515,628
Cash and cash equivalents 857,638 498,557
Foreign currencies (cost - $147,028 and $47,510 at June 30, 2026 and December 31, 2025, respectively) 147,112 47,510
Receivable for investments sold 1,015,662 679,768
Interest receivable 203,050 143,715
Unrealized appreciation on foreign currency forward contracts 88,591 0
Other assets 182,207 12,362
Total assets 27,861,495 25,897,540
Liabilities    
Debt (net of deferred financing costs and unamortized original issue discount of $111,467 and $85,886 at June 30, 2026 and December 31, 2025, respectively) 12,152,003 9,485,967
Payable for investments purchased 465,913 593,548
Payable for share repurchases (Note 7) 720,104 688,665
Distributions payable 109,120 111,985
Interest payable 158,330 144,938
Management fees payable 15,148 16,434
Performance-based incentive fees payable 44,329 44,714
Accrued administrative services expense payable 1,386 1,015
Unrealized depreciation on foreign currency forward contracts 0 27,819
Other liabilities and accrued expenses 197,181 12,247
Total liabilities 13,863,514 11,127,332
Commitments and contingencies (Note 8)
Total Net Assets 13,997,981 14,770,208
Net Assets    
Common shares, $0.01 par value (587,378,992 and 605,221,633 shares issued and outstanding, respectively) 5,874 6,052
Capital in excess of par value 14,497,712 14,909,068
Accumulated distributed earnings (losses) (505,605) (144,912)
Equity, Attributable to Parent $ 13,997,981 $ 14,770,208
Common shares outstanding 587,378,992 605,221,633
Class S Shares    
Liabilities    
Total Net Assets $ 2,854,127  
Net Assets    
Equity, Attributable to Parent $ 2,854,127 $ 2,893,219
Common shares outstanding 119,764,016 118,552,219
Net asset value per share $ 23.83 $ 24.4
Class D Shares    
Liabilities    
Total Net Assets $ 40,885  
Net Assets    
Equity, Attributable to Parent $ 40,885 $ 40,293
Common shares outstanding 1,715,588 1,651,023
Net asset value per share $ 23.83 $ 24.4
Class I Shares    
Liabilities    
Total Net Assets $ 11,102,969  
Net Assets    
Equity, Attributable to Parent $ 11,102,969 $ 11,836,696
Common shares outstanding 465,899,388 485,018,391
Net asset value per share $ 23.83 $ 24.4
Non-controlled/Non-affiliated Investments    
Assets    
Investments at fair value $ 25,367,235 [1],[2],[3],[4],[5] $ 24,515,628 [6],[7],[8],[9],[10]
[1] Aggregate gross unrealized gain and loss for federal income tax purposes are $227,672 and $(503,694), respectively. Net unrealized loss is $(276,022) based on a total tax cost of $25,643,257.
[2] All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted.
[3] Apollo Credit Management, LLC, as "valuation designee" (the "Adviser") is responsible for determining fair value, subject to the oversight of the Board of Trustees of the Company (the "Board") (See Note 2 to the consolidated financial statements).
[4] The following shows the composition of the Company’s portfolio at fair value by investment type, industry and region as of June 30, 2026:

Industry

 

First Lien - Secured Debt

 

Second Lien - Secured Debt

 

Unsecured Debt

 

Preferred Equity

 

Common Equity

 

Total

 

% of Net Assets

Aerospace & Defense

 

 $

854,696

 

 $

—

 

 $

—

 

 $

—

 

 $

—

 

 $

854,696

 

6.1%

Air Freight & Logistics

 

 

44,333

 

 

—

 

 

—

 

 

—

 

 

—

 

 

44,333

 

0.3%

Automobile Components

 

 

274,144

 

 

—

 

 

—

 

 

—

 

 

—

 

 

274,144

 

2.0%

Banks

 

 

37,488

 

 

—

 

 

—

 

 

—

 

 

—

 

 

37,488

 

0.3%

Beverages

 

 

39,794

 

 

—

 

 

—

 

 

—

 

 

—

 

 

39,794

 

0.3%

Building Products

 

 

730,919

 

 

—

 

 

—

 

 

—

 

 

—

 

 

730,919

 

5.2%

Capital Markets

 

 

298,095

 

 

—

 

 

—

 

 

—

 

 

—

 

 

298,095

 

2.1%

Chemicals

 

 

153,848

 

 

—

 

 

—

 

 

—

 

 

136

 

 

153,984

 

1.1%

Commercial Services & Supplies

 

 

1,498,491

 

 

—

 

 

—

 

 

50

 

 

10,288

 

 

1,508,829

 

10.8%

Communications Equipment

 

 

13,628

 

 

—

 

 

—

 

 

—

 

 

202

 

 

13,830

 

0.1%

Construction & Engineering

 

 

390,951

 

 

—

 

 

—

 

 

—

 

 

131

 

 

391,082

 

2.8%

Construction Materials

 

 

38,185

 

 

—

 

 

—

 

 

—

 

 

—

 

 

38,185

 

0.3%

Consumer Staples Distribution & Retail

 

 

689,712

 

 

—

 

 

—

 

 

—

 

 

—

 

 

689,712

 

4.9%

Containers & Packaging

 

 

187,652

 

 

—

 

 

—

 

 

—

 

 

—

 

 

187,652

 

1.3%

Distributors

 

 

58,935

 

 

—

 

 

—

 

 

—

 

 

—

 

 

58,935

 

0.4%

Diversified Consumer Services

 

 

1,188,357

 

 

—

 

 

—

 

 

—

 

 

—

 

 

1,188,357

 

8.5%

Diversified REITs

 

 

46,651

 

 

—

 

 

—

 

 

—

 

 

—

 

 

46,651

 

0.3%

Diversified Telecommunication Services

 

 

258,094

 

 

—

 

 

3,632

 

 

—

 

 

—

 

 

261,726

 

1.9%

Electric Utilities

 

 

239,138

 

 

—

 

 

—

 

 

—

 

 

—

 

 

239,138

 

1.7%

Electrical Equipment

 

 

22,705

 

 

—

 

 

—

 

 

—

 

 

—

 

 

22,705

 

0.2%

Electronic Equipment, Instruments & Components

 

 

82,981

 

 

—

 

 

—

 

 

—

 

 

—

 

 

82,981

 

0.6%

Energy Equipment & Services

 

 

51,909

 

 

—

 

 

—

 

 

—

 

 

—

 

 

51,909

 

0.4%

Entertainment

 

 

196,385

 

 

—

 

 

—

 

 

—

 

 

—

 

 

196,385

 

1.4%

Financial Services

 

 

1,394,305

 

 

—

 

 

—

 

 

5,077

 

 

—

 

 

1,399,382

 

10.0%

Food Products

 

 

37,102

 

 

—

 

 

—

 

 

—

 

 

86

 

 

37,188

 

0.3%

Ground Transportation

 

 

223,183

 

 

—

 

 

—

 

 

2,390

 

 

—

 

 

225,573

 

1.6%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industry

 

First Lien - Secured Debt

 

Second Lien - Secured Debt

 

Unsecured Debt

 

Preferred Equity

 

Common Equity

 

Total

 

% of Net Assets

Health Care Equipment & Supplies

 

 $

239,675

 

 $

—

 

 $

—

 

 $

—

 

 $

—

 

 $

239,675

 

1.7%

Health Care Providers & Services

 

 

1,708,028

 

 

—

 

 

—

 

 

—

 

 

1,089

 

 

1,709,117

 

12.2%

Health Care Technology

 

 

768,360

 

 

—

 

 

—

 

 

—

 

 

—

 

 

768,360

 

5.5%

Hotels, Restaurants & Leisure

 

 

1,375,440

 

 

—

 

 

25,618

 

 

—

 

 

3,937

 

 

1,404,995

 

10.0%

Household Durables

 

 

209,734

 

 

—

 

 

—

 

 

—

 

 

—

 

 

209,734

 

1.5%

Household Products

 

 

120,465

 

 

—

 

 

—

 

 

—

 

 

111

 

 

120,576

 

0.9%

Independent Power & Renewable Electricity Producers

 

 

12,128

 

 

—

 

 

—

 

 

—

 

 

—

 

 

12,128

 

0.1%

Industrial Conglomerates

 

 

—

 

 

—

 

 

—

 

 

—

 

 

179

 

 

179

 

0.0%

Insurance

 

 

896,745

 

 

—

 

 

—

 

 

50

 

 

—

 

 

896,795

 

6.4%

Interactive Media & Services

 

 

266,535

 

 

—

 

 

—

 

 

—

 

 

—

 

 

266,535

 

1.9%

IT Services

 

 

310,538

 

 

—

 

 

—

 

 

—

 

 

115

 

 

310,653

 

2.2%

Leisure Products

 

 

179,689

 

 

—

 

 

—

 

 

—

 

 

—

 

 

179,689

 

1.3%

Life Sciences Tools & Services

 

 

382,371

 

 

—

 

 

—

 

 

—

 

 

—

 

 

382,371

 

2.7%

Machinery

 

 

682,985

 

 

—

 

 

—

 

 

—

 

 

—

 

 

682,985

 

4.9%

Media

 

 

734,947

 

 

—

 

 

—

 

 

—

 

 

—

 

 

734,947

 

5.3%

Metals & Mining

 

 

134,857

 

 

—

 

 

—

 

 

—

 

 

—

 

 

134,857

 

1.0%

Multi-Utilities

 

 

20,770

 

 

—

 

 

—

 

 

—

 

 

—

 

 

20,770

 

0.1%

Oil, Gas & Consumable Fuels

 

 

187,903

 

 

—

 

 

—

 

 

—

 

 

—

 

 

187,903

 

1.3%

Paper & Forest Products

 

 

14,747

 

 

—

 

 

—

 

 

1,232

 

 

—

 

 

15,979

 

0.1%

Personal Care Products

 

 

552,602

 

 

—

 

 

—

 

 

—

 

 

—

 

 

552,602

 

3.9%

Pharmaceuticals

 

 

744,556

 

 

—

 

 

—

 

 

183

 

 

191

 

 

744,930

 

5.3%

Professional Services

 

 

1,647,749

 

 

—

 

 

—

 

 

—

 

 

—

 

 

1,647,749

 

11.8%

Real Estate Management & Development

 

 

94,888

 

 

—

 

 

—

 

 

—

 

 

—

 

 

94,888

 

0.7%

Semiconductors & Semiconductor Equipment

 

 

25,018

 

 

—

 

 

—

 

 

—

 

 

—

 

 

25,018

 

0.2%

Software

 

 

2,719,980

 

 

—

 

 

—

 

 

—

 

 

—

 

 

2,719,980

 

19.4%

Specialty Retail

 

 

327,145

 

 

—

 

 

—

 

 

—

 

 

—

 

 

327,145

 

2.3%

Technology Hardware, Storage & Peripherals

 

 

767,308

 

 

—

 

 

—

 

 

—

 

 

52,492

 

 

819,800

 

5.9%

Textiles, Apparel & Luxury Goods

 

 

425,001

 

 

—

 

 

—

 

 

—

 

 

—

 

 

425,001

 

3.0%

Trading Companies & Distributors

 

 

191,927

 

 

—

 

 

—

 

 

—

 

 

199

 

 

192,126

 

1.4%

Transportation Infrastructure

 

 

371,446

 

 

—

 

 

—

 

 

—

 

 

—

 

 

371,446

 

2.7%

Wireless Telecommunication Services

 

 

94,629

 

 

—

 

 

—

 

 

—

 

 

—

 

 

94,629

 

0.7%

Total

 

 $

25,259,847

 

 $

—

 

 $

29,250

 

 $

8,982

 

 $

69,156

 

 $

25,367,235

 

181.3%

% of Net Assets

 

 

180.5%

 

 

0.0%

 

 

0.2%

 

 

0.1%

 

 

0.5%

 

 

181.3%

 

 

 

 

Industry Classification

 

Percentage of Total Investments (at Fair Value) as of June 30, 2026

Software

 

10.7%

Health Care Providers & Services

 

6.7%

Professional Services

 

6.5%

Commercial Services & Supplies

 

5.9%

Hotels, Restaurants & Leisure

 

5.5%

Financial Services

 

5.5%

Diversified Consumer Services

 

4.7%

Insurance

 

3.5%

Aerospace & Defense

 

3.4%

Technology Hardware, Storage & Peripherals

 

3.2%

Health Care Technology

 

3.0%

Pharmaceuticals

 

2.9%

Media

 

2.9%

Building Products

 

2.9%

Consumer Staples Distribution & Retail

 

2.7%

Machinery

 

2.7%

Personal Care Products

 

2.2%

Textiles, Apparel & Luxury Goods

 

1.7%

Construction & Engineering

 

1.5%

Life Sciences Tools & Services

 

1.5%

Transportation Infrastructure

 

1.5%

Specialty Retail

 

1.3%

IT Services

 

1.2%

Capital Markets

 

1.2%

Automobile Components

 

1.1%

Interactive Media & Services

 

1.1%

Diversified Telecommunication Services

 

1.0%

Electric Utilities

 

0.9%

Ground Transportation

 

0.9%

 

 

 

 

 

 

Industry Classification

 

Percentage of Total Investments (at Fair Value) as of June 30, 2026

Health Care Equipment & Supplies

 

0.9%

Household Durables

 

0.8%

Entertainment

 

0.8%

Trading Companies & Distributors

 

0.8%

Oil, Gas & Consumable Fuels

 

0.7%

Containers & Packaging

 

0.7%

Leisure Products

 

0.7%

Chemicals

 

0.6%

Metals & Mining

 

0.5%

Household Products

 

0.5%

Real Estate Management & Development

 

0.4%

Wireless Telecommunication Services

 

0.4%

Electronic Equipment, Instruments & Components

 

0.3%

Distributors

 

0.2%

Energy Equipment & Services

 

0.2%

Diversified REITs

 

0.2%

Communications Equipment

 

0.2%

Construction Materials

 

0.2%

Multi-Utilities

 

0.2%

Paper & Forest Products

 

0.2%

Air Freight & Logistics

 

0.1%

Beverages

 

0.1%

Banks

 

0.1%

Food Products

 

0.1%

Semiconductors & Semiconductor Equipment

 

0.1%

Electrical Equipment

 

0.1%

Independent Power & Renewable Electricity Producers

 

0.1%

Industrial Conglomerates

 

0.0%

Total

 

100.0%

 

 

Geographic Region

 

Percentage of Total Investments (at Fair Value) as of June 30, 2026

United States

 

76.0%

Europe

 

11.1%

United Kingdom

 

10.0%

Australia

 

1.8%

Canada

 

0.6%

Caribbean

 

0.3%

Asia

 

0.2%
[5] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company. As of June 30, 2026, all of the Company's investments were non-controlled and non-affiliated.
[6] Aggregate gross unrealized gain and loss for federal income tax purposes are $337,333 and $(237,835), respectively. Net unrealized loss is $99,498 based on a total tax cost of $24,416,132.
[7] All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted.
[8] Fair value is determined in good faith by or under the direction of the Board of Trustees of the Company (the "Board") (see Note 2 to the consolidated financial statements).
[9] The following shows the composition of the Company’s portfolio at fair value by investment type, industry and region as of December 31, 2025:

Industry

 

First Lien - Secured Debt

 

Second Lien - Secured Debt

 

Unsecured Debt

 

Preferred Equity

 

Common Equity

 

Total

 

% of Net Assets

Aerospace & Defense

 

 $

780,305

 

 $

—

 

 $

—

 

 $

—

 

 $

—

 

 $

780,305

 

5.3%

Air Freight & Logistics

 

 

14,888

 

 

—

 

 

—

 

 

—

 

 

—

 

 

14,888

 

0.1%

Automobile Components

 

 

265,223

 

 

—

 

 

—

 

 

—

 

 

—

 

 

265,223

 

1.8%

Banks

 

 

235,975

 

 

—

 

 

35,077

 

 

—

 

 

—

 

 

271,052

 

1.8%

Beverages

 

 

40,027

 

 

—

 

 

—

 

 

—

 

 

—

 

 

40,027

 

0.3%

Building Products

 

 

516,956

 

 

—

 

 

—

 

 

—

 

 

—

 

 

516,956

 

3.5%

Capital Markets

 

 

474,987

 

 

—

 

 

—

 

 

—

 

 

—

 

 

474,987

 

3.2%

Chemicals

 

 

149,200

 

 

—

 

 

—

 

 

—

 

 

126

 

 

149,326

 

1.0%

Commercial Services & Supplies

 

 

1,455,724

 

 

5,235

 

 

—

 

 

49

 

 

28

 

 

1,461,036

 

9.9%

Communications Equipment

 

 

268,612

 

 

—

 

 

—

 

 

—

 

 

1,193

 

 

269,805

 

1.8%

Construction & Engineering

 

 

329,697

 

 

—

 

 

—

 

 

—

 

 

138

 

 

329,835

 

2.2%

Construction Materials

 

 

25,075

 

 

—

 

 

—

 

 

—

 

 

—

 

 

25,075

 

0.2%

Consumer Staples Distribution & Retail

 

 

460,169

 

 

—

 

 

—

 

 

—

 

 

—

 

 

460,169

 

3.1%

Containers & Packaging

 

 

175,687

 

 

—

 

 

—

 

 

—

 

 

—

 

 

175,687

 

1.2%

Distributors

 

 

59,451

 

 

—

 

 

—

 

 

—

 

 

—

 

 

59,451

 

0.4%

Diversified Consumer Services

 

 

1,021,121

 

 

—

 

 

—

 

 

—

 

 

—

 

 

1,021,121

 

6.9%

Diversified REITs

 

 

30,672

 

 

—

 

 

—

 

 

—

 

 

—

 

 

30,672

 

0.2%

Diversified Telecommunication Services

 

 

295,215

 

 

—

 

 

—

 

 

—

 

 

—

 

 

295,215

 

2.0%

Electric Utilities

 

 

201,273

 

 

—

 

 

—

 

 

—

 

 

—

 

 

201,273

 

1.4%

Electrical Equipment

 

 

25,850

 

 

—

 

 

—

 

 

—

 

 

—

 

 

25,850

 

0.2%

Electronic Equipment, Instruments & Components

 

 

67,037

 

 

—

 

 

—

 

 

—

 

 

—

 

 

67,037

 

0.5%

Energy Equipment & Services

 

 

47,251

 

 

—

 

 

—

 

 

—

 

 

—

 

 

47,251

 

0.3%

Entertainment

 

 

192,589

 

 

—

 

 

—

 

 

—

 

 

—

 

 

192,589

 

1.3%

Financial Services

 

 

1,683,766

 

 

—

 

 

—

 

 

7,115

 

 

—

 

 

1,690,881

 

11.4%

Food Products

 

 

40,208

 

 

—

 

 

—

 

 

—

 

 

92

 

 

40,300

 

0.3%

Gas Utilities

 

 

30,313

 

 

—

 

 

—

 

 

—

 

 

—

 

 

30,313

 

0.2%

Ground Transportation

 

 

153,962

 

 

—

 

 

—

 

 

—

 

 

—

 

 

153,962

 

1.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industry

 

First Lien - Secured Debt

 

Second Lien - Secured Debt

 

Unsecured Debt

 

Preferred Equity

 

Common Equity

 

Total

 

% of Net Assets

Health Care Equipment & Supplies

 

 $

263,925

 

 $

—

 

 $

—

 

 $

—

 

 $

—

 

 $

263,925

 

1.8%

Health Care Providers & Services

 

 

1,732,905

 

 

—

 

 

—

 

 

—

 

 

—

 

 

1,732,905

 

11.7%

Health Care Technology

 

 

587,582

 

 

—

 

 

—

 

 

—

 

 

—

 

 

587,582

 

4.0%

Hotels, Restaurants & Leisure

 

 

1,008,465

 

 

—

 

 

10,418

 

 

—

 

 

—

 

 

1,018,883

 

6.9%

Household Durables

 

 

201,715

 

 

—

 

 

—

 

 

—

 

 

—

 

 

201,715

 

1.4%

Household Products

 

 

107,885

 

 

—

 

 

—

 

 

—

 

 

119

 

 

108,004

 

0.7%

Independent Power & Renewable Electricity Producers

 

 

28,707

 

 

—

 

 

30

 

 

—

 

 

—

 

 

28,737

 

0.2%

Industrial Conglomerates

 

 

—

 

 

—

 

 

—

 

 

—

 

 

112

 

 

112

 

0.0%

Insurance

 

 

1,111,724

 

 

—

 

 

—

 

 

49

 

 

—

 

 

1,111,773

 

7.5%

Interactive Media & Services

 

 

335,382

 

 

—

 

 

—

 

 

—

 

 

—

 

 

335,382

 

2.3%

IT Services

 

 

305,013

 

 

—

 

 

—

 

 

—

 

 

48

 

 

305,061

 

2.1%

Leisure Products

 

 

184,484

 

 

—

 

 

—

 

 

—

 

 

—

 

 

184,484

 

1.2%

Life Sciences Tools & Services

 

 

375,184

 

 

—

 

 

—

 

 

—

 

 

—

 

 

375,184

 

2.5%

Machinery

 

 

429,693

 

 

—

 

 

—

 

 

—

 

 

—

 

 

429,693

 

2.9%

Media

 

 

887,940

 

 

—

 

 

—

 

 

—

 

 

—

 

 

887,940

 

6.0%

Multi-Utilities

 

 

25,530

 

 

—

 

 

—

 

 

—

 

 

—

 

 

25,530

 

0.2%

Oil, Gas & Consumable Fuels

 

 

126,151

 

 

—

 

 

—

 

 

—

 

 

—

 

 

126,151

 

0.9%

Paper & Forest Products

 

 

22,472

 

 

—

 

 

—

 

 

—

 

 

—

 

 

22,472

 

0.2%

Personal Care Products

 

 

551,171

 

 

—

 

 

—

 

 

—

 

 

—

 

 

551,171

 

3.7%

Pharmaceuticals

 

 

560,191

 

 

—

 

 

—

 

 

180

 

 

228

 

 

560,599

 

3.8%

Professional Services

 

 

1,119,483

 

 

—

 

 

—

 

 

—

 

 

—

 

 

1,119,483

 

7.6%

Real Estate Management & Development

 

 

66,160

 

 

—

 

 

—

 

 

—

 

 

—

 

 

66,160

 

0.4%

Semiconductors & Semiconductor Equipment

 

 

25,000

 

 

—

 

 

—

 

 

—

 

 

—

 

 

25,000

 

0.2%

Software

 

 

3,322,016

 

 

—

 

 

—

 

 

—

 

 

—

 

 

3,322,016

 

22.5%

Specialty Retail

 

 

434,273

 

 

—

 

 

—

 

 

—

 

 

—

 

 

434,273

 

2.9%

Technology Hardware, Storage & Peripherals

 

 

470,999

 

 

—

 

 

—

 

 

—

 

 

13,749

 

 

484,748

 

3.3%

Textiles, Apparel & Luxury Goods

 

 

375,679

 

 

—

 

 

—

 

 

—

 

 

—

 

 

375,679

 

2.5%

Trading Companies & Distributors

 

 

192,184

 

 

—

 

 

—

 

 

—

 

 

160

 

 

192,344

 

1.3%

Transportation Infrastructure

 

 

453,571

 

 

—

 

 

—

 

 

—

 

 

—

 

 

453,571

 

3.1%

Wireless Telecommunication Services

 

 

94,765

 

 

—

 

 

—

 

 

—

 

 

—

 

 

94,765

 

0.7%

Total

 

 $

24,441,482

 

 $

5,235

 

 $

45,525

 

 $

7,393

 

 $

15,993

 

 $

24,515,628

 

166.0%

% of Net Assets

 

 

165.5%

 

 

0.0%

 

 

0.3%

 

 

0.1%

 

 

0.1%

 

 

166.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industry Classification

 

Percentage of Total Investments (at Fair Value) as of December 31, 2025

Software

 

13.6%

Health Care Providers & Services

 

7.1%

Financial Services

 

6.9%

Commercial Services & Supplies

 

6.0%

Insurance

 

4.5%

Hotels, Restaurants & Leisure

 

4.2%

Professional Services

 

4.6%

Diversified Consumer Services

 

4.2%

Aerospace & Defense

 

3.2%

Entertainment

 

0.8%

Health Care Technology

 

2.4%

Pharmaceuticals

 

2.3%

Personal Care Products

 

2.2%

Technology Hardware, Storage & Peripherals

 

2.0%

Building Products

 

2.1%

Capital Markets

 

1.9%

Media

 

3.6%

Consumer Staples Distribution & Retail

 

1.9%

Specialty Retail

 

1.8%

Transportation Infrastructure

 

1.9%

Machinery

 

1.8%

Textiles, Apparel & Luxury Goods

 

1.5%

Life Sciences Tools & Services

 

1.5%

Banks

 

1.1%

Interactive Media & Services

 

1.4%

Construction & Engineering

 

1.3%

IT Services

 

1.2%

Diversified Telecommunication Services

 

1.2%

Communications Equipment

 

1.1%

 

 

 

 

 

 

Industry Classification

 

Percentage of Total Investments (at Fair Value) as of December 31, 2025

Automobile Components

 

1.1%

Health Care Equipment & Supplies

 

1.1%

Household Durables

 

0.8%

Trading Companies & Distributors

 

0.8%

Electric Utilities

 

0.8%

Leisure Products

 

0.8%

Containers & Packaging

 

0.7%

Ground Transportation

 

0.6%

Chemicals

 

0.6%

Household Products

 

0.4%

Oil, Gas & Consumable Fuels

 

0.5%

Wireless Telecommunication Services

 

0.4%

Electronic Equipment, Instruments & Components

 

0.3%

Real Estate Management & Development

 

0.3%

Distributors

 

0.2%

Energy Equipment & Services

 

0.2%

Diversified REITs

 

0.1%

Food Products

 

0.2%

Beverages

 

0.0%

Gas Utilities

 

0.1%

Independent Power & Renewable Electricity Producers

 

0.1%

Electrical Equipment

 

0.1%

Multi-Utilities

 

0.1%

Construction Materials

 

0.1%

Semiconductors & Semiconductor Equipment

 

0.1%

Paper & Forest Products

 

0.1%

Air Freight & Logistics

 

0.1%

Industrial Conglomerates

 

0.0%

Total

 

100.00%

 

 

 

 

 

 

 

 

Geographic Region

 

Percentage of Total Investments (at Fair Value) as of December 31, 2025

United States

 

78.2%

United Kingdom

 

9.7%

Europe

 

9.4%

Australia

 

1.3%

Canada

 

0.8%

Asia

 

0.4%

Caribbean

 

0.2%
[10] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company. As of December 31, 2025, all of the Company's investments were non-controlled and non-affiliated.