| INVESTMENTS |
(4) INVESTMENTS The information in the tables below is presented on an aggregate portfolio basis, without regard to whether the investments are non-controlled, non-affiliated, non-controlled, affiliated or controlled, affiliated investments. Detailed information with respect to the Company’s non-controlled, non-affiliated; non-controlled, affiliated; and controlled, affiliated investments is contained in the accompanying consolidated financial statements, including the Consolidated Schedules of Investments. The composition of the Company’s investment portfolio was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
December 31, 2025 |
|
|
|
|
Cost |
|
|
Fair Value |
|
% of Total
Investments
at Fair Value |
|
|
|
Cost |
|
|
Fair Value |
|
% of Total
Investments
at Fair Value |
|
First Lien Debt |
|
$ |
5,874,695 |
|
$ |
5,761,212 |
|
96.4 |
% |
|
$ |
6,506,675 |
|
$ |
6,424,695 |
|
97.1 |
% |
Second Lien Debt |
|
|
19,012 |
|
|
19,654 |
|
0.3 |
|
|
|
31,045 |
|
|
32,023 |
|
0.5 |
|
Other Debt Investments |
|
|
9,013 |
|
|
6,587 |
|
0.1 |
|
|
|
12,010 |
|
|
11,564 |
|
0.2 |
|
Equity |
|
|
99,871 |
|
|
84,807 |
|
1.4 |
|
|
|
64,305 |
|
|
57,052 |
|
0.9 |
|
Investments in Joint Venture |
|
|
110,439 |
|
|
108,372 |
|
1.8 |
|
|
|
85,438 |
|
|
85,276 |
|
1.3 |
|
Total |
|
$ |
6,113,030 |
|
$ |
5,980,632 |
|
100.0 |
% |
|
$ |
6,699,473 |
|
$ |
6,610,610 |
|
100.0 |
% |
The industry composition of investments at fair value was as follows:
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Aerospace & Defense |
|
|
0.9 |
% |
|
1.5 |
% |
Air Freight & Logistics (1) |
|
|
— |
|
|
0.8 |
|
Automobile Components |
|
|
1.7 |
|
|
1.6 |
|
Automobiles |
|
|
2.4 |
|
|
2.5 |
|
Banks |
|
|
0.1 |
|
|
0.1 |
|
Beverages |
|
|
0.2 |
|
|
0.2 |
|
Building Products |
|
|
0.2 |
|
|
0.2 |
|
Capital Markets |
|
|
0.1 |
|
|
0.1 |
|
Chemicals |
|
|
1.3 |
|
|
1.1 |
|
Commercial Services & Supplies |
|
|
8.6 |
|
|
7.5 |
|
Construction & Engineering |
|
|
2.2 |
|
|
2.1 |
|
Consumer Staples Distribution & Retail |
|
|
0.7 |
|
|
0.6 |
|
Containers & Packaging |
|
|
1.1 |
|
|
1.1 |
|
Distributors |
|
|
1.6 |
|
|
1.4 |
|
Diversified Consumer Services |
|
|
5.0 |
|
|
5.2 |
|
Diversified Telecommunication Services |
|
|
0.1 |
|
|
— |
|
Electrical Equipment |
|
|
0.4 |
|
|
0.5 |
|
Electronic Equipment, Instruments & Components |
|
|
3.4 |
|
|
3.8 |
|
Entertainment |
|
|
0.1 |
|
|
0.1 |
|
Financial Services |
|
|
2.5 |
|
|
3.5 |
|
Food Products (1) |
|
|
— |
|
|
— |
|
Ground Transportation |
|
|
0.8 |
|
|
0.8 |
|
Health Care Equipment & Supplies |
|
|
1.1 |
|
|
1.1 |
|
Health Care Providers & Services |
|
|
6.7 |
|
|
6.3 |
|
Health Care Technology |
|
|
1.4 |
|
|
1.8 |
|
Household Durables |
|
|
0.1 |
|
|
0.1 |
|
Independent Power and Renewable Electricity Producers |
|
|
0.1 |
|
|
0.1 |
|
Industrial Conglomerates |
|
|
1.8 |
|
|
2.4 |
|
Insurance Services |
|
|
9.7 |
|
|
9.5 |
|
Interactive Media & Services |
|
|
0.9 |
|
|
0.8 |
|
Investments in Joint Ventures |
|
|
1.8 |
|
|
1.3 |
|
IT Services |
|
|
6.0 |
|
|
5.6 |
|
Leisure Products |
|
|
0.1 |
|
|
0.1 |
|
Life Sciences Tools & Services |
|
|
0.5 |
|
|
0.4 |
|
Machinery |
|
|
1.7 |
|
|
1.7 |
|
Multi-Utilities |
|
|
0.7 |
|
|
1.5 |
|
Pharmaceuticals |
|
|
1.3 |
|
|
1.2 |
|
Professional Services |
|
|
5.5 |
|
|
5.9 |
|
Real Estate Management & Development |
|
|
2.6 |
|
|
2.4 |
|
Software |
|
|
22.7 |
|
|
21.3 |
|
Specialty Retail |
|
|
0.1 |
|
|
0.1 |
|
Textiles, Apparel & Luxury Goods |
|
|
0.1 |
|
|
0.1 |
|
Trading Companies & Distributors |
|
|
0.1 |
|
|
0.1 |
|
Transportation Infrastructure |
|
|
0.7 |
|
|
0.7 |
|
Wireless Telecommunication Services |
|
|
0.9 |
|
|
0.8 |
|
Total |
|
|
100.0 |
% |
|
100.0 |
% |
(1) Rounds to 0. The geographic composition of investments at cost and fair value was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
|
|
December 31, 2025 |
|
|
|
|
|
|
Cost |
|
|
Fair Value |
|
% of Total
Investments at
Fair Value |
|
% of Total
Net Assets at
Fair Value |
|
|
|
Cost |
|
|
|
Fair Value |
|
% of Total
Investments at
Fair Value |
|
% of Total
Net Assets at
Fair Value |
|
Australia |
|
$ |
63,945 |
|
$ |
63,765 |
|
1.1 |
% |
2.1 |
% |
|
$ |
64,182 |
|
|
$ |
64,920 |
|
1.0 |
% |
1.9 |
% |
Canada |
|
|
109,321 |
|
|
109,532 |
|
1.8 |
|
3.5 |
|
|
|
124,530 |
|
|
|
125,168 |
|
1.9 |
|
3.7 |
|
United Kingdom |
|
|
49,334 |
|
|
49,052 |
|
0.8 |
|
1.6 |
|
|
|
49,100 |
|
|
|
49,673 |
|
0.8 |
|
1.5 |
|
United States |
|
|
5,890,430 |
|
|
5,758,283 |
|
96.3 |
|
186.2 |
|
|
|
6,461,661 |
|
|
|
6,370,849 |
|
96.3 |
|
188.5 |
|
Total |
|
$ |
6,113,030 |
|
$ |
5,980,632 |
|
100.0 |
% |
193.4 |
% |
|
$ |
6,699,473 |
|
|
$ |
6,610,610 |
|
100.0 |
% |
195.6 |
% |
NH Keystone NH Keystone, a Delaware limited liability company, was formed as a joint venture between the Company and a large North American insurance company (the “JV Partner”), commenced operations on September 25, 2025 and operates under a limited liability company agreement. NH Keystone’s principal purpose is to make investments, primarily in senior secured loans issued by middle-market companies. The Company and the JV Partner each agreed to contribute up to $500,000 and $75,000, respectively, to NH Keystone. The Company and the JV Partner have equal control of NH Keystone’s investment decisions and generally all other decisions in respect of NH Keystone must be approved by NH Keystone’s investment committee or board of directors, each of which consists of an equal number of representatives of the Company and the JV Partner. As of June 30, 2026, the Company and the JV Partner made capital contributions of $110,439 and $16,561 in member's equity to NH Keystone. The following table presents the selected consolidated statements of assets and liabilities information of NH Keystone as of June 30, 2026 and December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2026 |
|
|
|
As of December 31, 2025 |
|
Assets |
|
|
|
|
|
|
|
|
Investments, at fair value (cost of $339,769 and $249,905) |
|
$ |
|
337,320 |
|
|
$ |
|
249,685 |
|
Cash |
|
|
|
18,125 |
|
|
|
|
10,976 |
|
Other assets |
|
|
|
2,328 |
|
|
|
|
6,538 |
|
Total assets |
|
|
|
357,773 |
|
|
|
|
267,199 |
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
Debt |
|
|
|
225,500 |
|
|
|
|
153,000 |
|
Other liabilities |
|
|
|
7,651 |
|
|
|
|
16,136 |
|
Total liabilities |
|
$ |
|
233,151 |
|
|
$ |
|
169,136 |
|
|
|
|
|
|
|
|
|
|
Total Members' Equity |
|
$ |
|
124,622 |
|
|
$ |
|
98,063 |
|
|
|
|
|
|
|
|
|
|
The following table presents the selected consolidated statements of operations information of NH Keystone for the three and six months ended June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended June 30, 2026 |
|
|
|
For the Six Months Ended June 30, 2026 |
|
Income |
|
|
|
|
|
|
|
|
Investment income |
|
$ |
|
7,599 |
|
|
$ |
|
13,627 |
|
Expenses |
|
|
|
|
|
|
|
|
Net operating expenses |
|
|
|
3,359 |
|
|
|
|
6,050 |
|
Net investment income (loss) |
|
$ |
|
4,240 |
|
|
$ |
|
7,577 |
|
Total net realized and unrealized gain (loss) |
|
|
|
(982 |
) |
|
|
|
(2,228 |
) |
Net increase (decrease) in members' equity resulting from operations |
|
$ |
|
3,258 |
|
|
$ |
|
5,349 |
|
Below is a summary of NH Keystone’s portfolio as of June 30, 2026:
|
|
|
|
|
|
|
|
|
As of June 30, 2026 |
|
Number of portfolio companies |
|
|
|
60 |
|
Number of industries |
|
|
|
22 |
|
Weighted average yield on total portfolio, at cost(1) |
|
|
|
8.7 |
% |
Weighted average yield on total portfolio, at fair value(1) |
|
|
|
8.8 |
% |
Average position size of investments (in millions) |
|
$ |
|
5.62 |
|
(1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments(1) (2) |
|
Footnotes |
|
Investment |
|
Reference Rate
and Spread |
|
Maturity Date |
|
Par
Amount/
Shares |
|
|
Cost |
|
|
Fair Value |
|
|
Percentage
of
Members' equity |
|
Debt Investments - non-controlled/non-affiliated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AA&D Midco, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
11/29/2030 |
|
|
1,293 |
|
|
$ |
1,281 |
|
|
$ |
1,280 |
|
|
|
1.03 |
% |
AA&D Midco, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
11/29/2030 |
|
|
- |
|
|
|
(14 |
) |
|
|
(15 |
) |
|
|
(0.01 |
) |
Two Six Labs, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
8/20/2030 |
|
|
4,998 |
|
|
|
4,968 |
|
|
|
4,968 |
|
|
|
3.99 |
|
Two Six Labs, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
8/20/2030 |
|
|
- |
|
|
|
(10 |
) |
|
|
(10 |
) |
|
|
(0.01 |
) |
Zenith Acquisitionco, LLC |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
1/13/2033 |
|
|
5,379 |
|
|
|
5,354 |
|
|
|
5,326 |
|
|
|
4.27 |
|
Zenith Acquisitionco, LLC |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/26/2032 |
|
|
124 |
|
|
|
118 |
|
|
|
97 |
|
|
|
0.08 |
|
Zenith Acquisitionco, LLC |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/26/2032 |
|
|
- |
|
|
|
(5 |
) |
|
|
(10 |
) |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,692 |
|
|
|
11,636 |
|
|
|
9.34 |
|
Automobile Components |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OEConnection, LLC |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2032 |
|
|
1,866 |
|
|
|
1,858 |
|
|
|
1,818 |
|
|
|
1.46 |
|
OEConnection, LLC |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2032 |
|
|
- |
|
|
|
(3 |
) |
|
|
(28 |
) |
|
|
(0.02 |
) |
OEConnection, LLC |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2032 |
|
|
- |
|
|
|
(1 |
) |
|
|
(8 |
) |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,854 |
|
|
|
1,782 |
|
|
|
1.43 |
|
Automobiles |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COP Collisionright Parent, LLC |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/29/2030 |
|
|
5,630 |
|
|
|
5,606 |
|
|
|
5,574 |
|
|
|
4.47 |
|
COP Collisionright Parent, LLC |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/29/2030 |
|
|
74 |
|
|
|
71 |
|
|
|
67 |
|
|
|
0.05 |
|
COP Collisionright Parent, LLC |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/29/2030 |
|
|
- |
|
|
|
(2 |
) |
|
|
(6 |
) |
|
|
(0.00 |
) |
Vehlo Purchaser, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
5/24/2028 |
|
|
9,371 |
|
|
|
9,353 |
|
|
|
9,207 |
|
|
|
7.39 |
|
Vehlo Purchaser, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
5/24/2028 |
|
|
299 |
|
|
|
299 |
|
|
|
294 |
|
|
|
0.24 |
|
Vehlo Purchaser, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
5/24/2028 |
|
|
- |
|
|
|
(6 |
) |
|
|
(17 |
) |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,321 |
|
|
|
15,119 |
|
|
|
12.13 |
|
Banks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Computer Services, Inc. |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/17/2031 |
|
|
2,696 |
|
|
|
2,683 |
|
|
|
2,651 |
|
|
|
2.13 |
|
Computer Services, Inc. |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/17/2031 |
|
|
- |
|
|
|
(3 |
) |
|
|
(21 |
) |
|
|
(0.02 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,680 |
|
|
|
2,630 |
|
|
|
2.11 |
|
Capital Markets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TS Imagine, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
6.25% |
|
6/12/2031 |
|
|
2,441 |
|
|
|
2,404 |
|
|
|
2,404 |
|
|
|
1.93 |
|
TS Imagine, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
6.25% |
|
6/12/2031 |
|
|
- |
|
|
|
(2 |
) |
|
|
(2 |
) |
|
|
(0.00 |
) |
TS Imagine, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
6.25% |
|
6/12/2031 |
|
|
31 |
|
|
|
27 |
|
|
|
27 |
|
|
|
0.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,429 |
|
|
|
2,429 |
|
|
|
1.95 |
|
Commercial Services & Supplies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Astra Service Partners, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/26/2032 |
|
|
6,757 |
|
|
|
6,710 |
|
|
|
6,732 |
|
|
|
5.40 |
|
Astra Service Partners, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/26/2032 |
|
|
1,156 |
|
|
|
1,144 |
|
|
|
1,148 |
|
|
|
0.92 |
|
AWP Group Holdings, Inc. |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
5.91% (incl. 3.28% PIK) |
|
12/22/2032 |
|
|
6,174 |
|
|
|
6,084 |
|
|
|
6,084 |
|
|
|
4.88 |
|
AWP Group Holdings, Inc. |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
5.91% (incl. 3.28% PIK) |
|
12/22/2032 |
|
|
222 |
|
|
|
210 |
|
|
|
210 |
|
|
|
0.17 |
|
Hercules Borrower, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/15/2028 |
|
|
6,948 |
|
|
|
6,948 |
|
|
|
6,878 |
|
|
|
5.52 |
|
VRC Companies, LLC |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
6/29/2027 |
|
|
4,422 |
|
|
|
4,422 |
|
|
|
4,416 |
|
|
|
3.54 |
|
VRC Companies, LLC |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
6/29/2027 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,518 |
|
|
|
25,468 |
|
|
|
20.44 |
|
Construction & Engineering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LJ Avalon Holdings, LLC |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
2/1/2030 |
|
|
526 |
|
|
|
519 |
|
|
|
517 |
|
|
|
0.41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
519 |
|
|
|
517 |
|
|
|
0.41 |
|
Consumer Staples Distribution & Retail |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PDI TA Holdings, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
6.00% (incl. 2.50% PIK) |
|
2/3/2031 |
|
|
6,454 |
|
|
|
6,454 |
|
|
|
6,140 |
|
|
|
4.93 |
|
PDI TA Holdings, Inc. |
|
(3) |
|
First Lien Debt |
|
S + |
|
6.00% (incl. 2.50% PIK) |
|
2/3/2031 |
|
|
538 |
|
|
|
538 |
|
|
|
511 |
|
|
|
0.41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,992 |
|
|
|
6,651 |
|
|
|
5.34 |
|
Distributors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PT Intermediate Holdings III, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
4/9/2030 |
|
|
6,671 |
|
|
|
6,671 |
|
|
|
6,671 |
|
|
|
5.35 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,671 |
|
|
|
6,671 |
|
|
|
5.35 |
|
Diversified Consumer Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Apex Service Partners, LLC |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
10/24/2030 |
|
|
6,528 |
|
|
|
6,528 |
|
|
|
6,528 |
|
|
|
5.24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments(1) (2) |
|
Footnotes |
|
Investment |
|
Reference Rate
and Spread |
|
Maturity Date |
|
Par
Amount/
Shares |
|
|
Cost |
|
|
Fair Value |
|
|
Percentage
of
Members' equity |
|
Apex Service Partners, LLC |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
10/24/2029 |
|
|
194 |
|
|
|
194 |
|
|
|
194 |
|
|
|
0.16 |
|
EVDR Purchaser, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
2/14/2031 |
|
|
4,757 |
|
|
|
4,736 |
|
|
|
4,757 |
|
|
|
3.82 |
|
EVDR Purchaser, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
2/14/2031 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
EVDR Purchaser, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
2/14/2031 |
|
|
263 |
|
|
|
263 |
|
|
|
263 |
|
|
|
0.21 |
|
Project Accelerate Parent, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
2/24/2031 |
|
|
6,069 |
|
|
|
6,069 |
|
|
|
6,069 |
|
|
|
4.87 |
|
Project Accelerate Parent, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
2/24/2031 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Vertex Service Partners, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
6.00% |
|
11/8/2030 |
|
|
6,350 |
|
|
|
6,236 |
|
|
|
6,122 |
|
|
|
4.91 |
|
Vertex Service Partners, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
6.00% |
|
11/8/2030 |
|
|
426 |
|
|
|
416 |
|
|
|
407 |
|
|
|
0.33 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,442 |
|
|
|
24,340 |
|
|
|
19.53 |
|
Diversified Telecommunication Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Orbcomm, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
4/27/2032 |
|
|
11,413 |
|
|
|
11,302 |
|
|
|
11,302 |
|
|
|
9.07 |
|
Orbcomm, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
4/27/2032 |
|
|
342 |
|
|
|
333 |
|
|
|
333 |
|
|
|
0.27 |
|
Orbcomm, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
4/27/2032 |
|
|
- |
|
|
|
(19 |
) |
|
|
(19 |
) |
|
|
(0.02 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,616 |
|
|
|
11,616 |
|
|
|
9.32 |
|
Electronic Equipment, Instruments & Components |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dwyer Instruments, Inc. |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
7/20/2029 |
|
|
4,178 |
|
|
|
4,160 |
|
|
|
4,147 |
|
|
|
3.33 |
|
Dwyer Instruments, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
7/20/2029 |
|
|
246 |
|
|
|
244 |
|
|
|
243 |
|
|
|
0.19 |
|
Pamlico Avant Holdings, LP |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.25% |
|
12/31/2032 |
|
|
6,151 |
|
|
|
6,092 |
|
|
|
6,058 |
|
|
|
4.86 |
|
Pamlico Avant Holdings, LP |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.25% |
|
12/31/2032 |
|
|
- |
|
|
|
(8 |
) |
|
|
(13 |
) |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,488 |
|
|
|
10,435 |
|
|
|
8.37 |
|
Financial Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
365 Retail Market, LLC |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
5/6/2033 |
|
|
8,967 |
|
|
|
8,879 |
|
|
|
8,879 |
|
|
|
7.12 |
|
365 Retail Market, LLC |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
5/6/2033 |
|
|
- |
|
|
|
(3 |
) |
|
|
(3 |
) |
|
|
(0.00 |
) |
365 Retail Market, LLC |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
5/6/2033 |
|
|
130 |
|
|
|
119 |
|
|
|
119 |
|
|
|
0.10 |
|
Cerity Partners, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
7/28/2031 |
|
|
1,200 |
|
|
|
1,200 |
|
|
|
1,194 |
|
|
|
0.96 |
|
Cerity Partners, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
7/28/2031 |
|
|
- |
|
|
|
(3 |
) |
|
|
(6 |
) |
|
|
(0.00 |
) |
Cerity Partners, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
7/28/2031 |
|
|
51 |
|
|
|
51 |
|
|
|
51 |
|
|
|
0.04 |
|
GTCR ABC Buyer, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
4/14/2033 |
|
|
3,538 |
|
|
|
3,504 |
|
|
|
3,504 |
|
|
|
2.81 |
|
GTCR ABC Buyer, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
4/14/2033 |
|
|
- |
|
|
|
(7 |
) |
|
|
(7 |
) |
|
|
(0.01 |
) |
GTCR ABC Buyer, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
4/14/2033 |
|
|
- |
|
|
|
(7 |
) |
|
|
(7 |
) |
|
|
(0.01 |
) |
Trintech, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/28/2033 |
|
|
4,723 |
|
|
|
4,678 |
|
|
|
4,616 |
|
|
|
3.70 |
|
Trintech, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/28/2033 |
|
|
- |
|
|
|
(4 |
) |
|
|
(18 |
) |
|
|
(0.01 |
) |
Trintech, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/28/2033 |
|
|
- |
|
|
|
(6 |
) |
|
|
(13 |
) |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,401 |
|
|
|
18,309 |
|
|
|
14.69 |
|
Ground Transportation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
eShipping, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2032 |
|
|
4,261 |
|
|
|
4,241 |
|
|
|
4,219 |
|
|
|
3.39 |
|
eShipping, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2032 |
|
|
- |
|
|
|
(4 |
) |
|
|
(16 |
) |
|
|
(0.01 |
) |
eShipping, LLC |
|
(3) (6) |
|
First Lien Debt |
|
P + |
|
3.50% |
|
12/23/2032 |
|
|
- |
|
|
|
(4 |
) |
|
|
(8 |
) |
|
|
(0.01 |
) |
SV Newco 2, Inc. |
|
(3) (5) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
6/2/2031 |
|
|
5,619 |
|
|
|
5,605 |
|
|
|
5,586 |
|
|
|
4.48 |
|
SV Newco 2, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
6/2/2031 |
|
|
457 |
|
|
|
454 |
|
|
|
450 |
|
|
|
0.36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,292 |
|
|
|
10,231 |
|
|
|
8.21 |
|
Health Care Equipment & Supplies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CSHC Buyerco, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
4/29/2033 |
|
|
10,357 |
|
|
|
10,255 |
|
|
|
10,255 |
|
|
|
8.23 |
|
CSHC Buyerco, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
4/29/2033 |
|
|
898 |
|
|
|
882 |
|
|
|
882 |
|
|
|
0.71 |
|
CSHC Buyerco, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
4/29/2033 |
|
|
- |
|
|
|
(19 |
) |
|
|
(19 |
) |
|
|
(0.02 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,118 |
|
|
|
11,118 |
|
|
|
8.92 |
|
Health Care Providers & Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Blue River PetCare, LLC |
|
(5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
8/1/2029 |
|
|
805 |
|
|
|
805 |
|
|
|
799 |
|
|
|
0.64 |
|
Blue River PetCare, LLC |
|
(6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
8/1/2029 |
|
|
- |
|
|
|
(5 |
) |
|
|
(16 |
) |
|
|
(0.01 |
) |
Blue River PetCare, LLC |
|
(6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
8/1/2029 |
|
|
- |
|
|
|
(2 |
) |
|
|
(3 |
) |
|
|
(0.00 |
) |
Invictus Buyer, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
6/3/2031 |
|
|
4,406 |
|
|
|
4,406 |
|
|
|
4,406 |
|
|
|
3.54 |
|
Invictus Buyer, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
6/3/2031 |
|
|
1,864 |
|
|
|
1,855 |
|
|
|
1,864 |
|
|
|
1.50 |
|
Invictus Buyer, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
6/3/2031 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Pareto Health Intermediate Holdings, Inc. |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
6/3/2030 |
|
|
14,789 |
|
|
|
14,706 |
|
|
|
14,641 |
|
|
|
11.75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments(1) (2) |
|
Footnotes |
|
Investment |
|
Reference Rate
and Spread |
|
Maturity Date |
|
Par
Amount/
Shares |
|
|
Cost |
|
|
Fair Value |
|
|
Percentage
of
Members' equity |
|
Pareto Health Intermediate Holdings, Inc. |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
6/1/2029 |
|
|
- |
|
|
|
(7 |
) |
|
|
(16 |
) |
|
|
(0.01 |
) |
PPV Intermediate Holdings, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.75% |
|
8/31/2029 |
|
|
6,947 |
|
|
|
6,947 |
|
|
|
6,843 |
|
|
|
5.49 |
|
Stepping Stones Healthcare Services, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/5/2033 |
|
|
2,018 |
|
|
|
2,009 |
|
|
|
2,003 |
|
|
|
1.61 |
|
Stepping Stones Healthcare Services, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/18/2032 |
|
|
- |
|
|
|
(6 |
) |
|
|
(19 |
) |
|
|
(0.02 |
) |
Stepping Stones Healthcare Services, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/18/2032 |
|
|
- |
|
|
|
(3 |
) |
|
|
(4 |
) |
|
|
(0.00 |
) |
TA Polaris Buyer, Inc. |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.25% |
|
12/12/2032 |
|
|
9,730 |
|
|
|
9,684 |
|
|
|
9,642 |
|
|
|
7.74 |
|
TA Polaris Buyer, Inc. |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.25% |
|
12/12/2032 |
|
|
1,257 |
|
|
|
1,244 |
|
|
|
1,220 |
|
|
|
0.98 |
|
TA Polaris Buyer, Inc. |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.25% |
|
12/12/2032 |
|
|
- |
|
|
|
(6 |
) |
|
|
(11 |
) |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
41,627 |
|
|
|
41,349 |
|
|
|
33.18 |
|
Industrial Conglomerates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goose Borrower, LP |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
3/2/2033 |
|
|
7,730 |
|
|
|
7,655 |
|
|
|
7,653 |
|
|
|
6.14 |
|
Goose Borrower, LP |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
3/2/2033 |
|
|
- |
|
|
|
(13 |
) |
|
|
(14 |
) |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,642 |
|
|
|
7,639 |
|
|
|
6.13 |
|
Insurance Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fetch, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
3/31/2033 |
|
|
8,160 |
|
|
|
8,081 |
|
|
|
8,078 |
|
|
|
6.48 |
|
Fetch, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
3/31/2033 |
|
|
- |
|
|
|
(12 |
) |
|
|
(12 |
) |
|
|
(0.01 |
) |
Fetch, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
3/31/2033 |
|
|
- |
|
|
|
(14 |
) |
|
|
(14 |
) |
|
|
(0.01 |
) |
Galway Borrower, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
9/29/2028 |
|
|
4,086 |
|
|
|
4,086 |
|
|
|
4,025 |
|
|
|
3.23 |
|
Galway Borrower, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
9/29/2028 |
|
|
64 |
|
|
|
64 |
|
|
|
61 |
|
|
|
0.05 |
|
High Street Buyer, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.25% |
|
4/14/2028 |
|
|
6,857 |
|
|
|
6,857 |
|
|
|
6,800 |
|
|
|
5.46 |
|
High Street Buyer, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.25% |
|
4/14/2028 |
|
|
- |
|
|
|
- |
|
|
|
(1 |
) |
|
|
(0.00 |
) |
Iris Specialty Acquisiton, LLC |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/22/2032 |
|
|
8,824 |
|
|
|
8,783 |
|
|
|
8,806 |
|
|
|
7.07 |
|
Iris Specialty Acquisiton, LLC |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/22/2032 |
|
|
134 |
|
|
|
130 |
|
|
|
131 |
|
|
|
0.11 |
|
Iris Specialty Acquisiton, LLC |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/22/2032 |
|
|
297 |
|
|
|
291 |
|
|
|
295 |
|
|
|
0.24 |
|
Majesco, Inc. |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
1/7/2033 |
|
|
6,186 |
|
|
|
6,172 |
|
|
|
6,140 |
|
|
|
4.93 |
|
Majesco, Inc. |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
1/7/2033 |
|
|
- |
|
|
|
(1 |
) |
|
|
(4 |
) |
|
|
(0.00 |
) |
One, Inc. Software Corporation |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/6/2032 |
|
|
7,745 |
|
|
|
7,672 |
|
|
|
7,629 |
|
|
|
6.12 |
|
One, Inc. Software Corporation |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/6/2032 |
|
|
- |
|
|
|
(7 |
) |
|
|
(22 |
) |
|
|
(0.02 |
) |
One, Inc. Software Corporation |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/6/2032 |
|
|
- |
|
|
|
(5 |
) |
|
|
(9 |
) |
|
|
(0.01 |
) |
Patriot Growth Insurance Services, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
10/16/2028 |
|
|
6,873 |
|
|
|
6,873 |
|
|
|
6,707 |
|
|
|
5.38 |
|
Patriot Growth Insurance Services, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
10/16/2028 |
|
|
- |
|
|
|
- |
|
|
|
(2 |
) |
|
|
(0.00 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48,970 |
|
|
|
48,608 |
|
|
|
39.00 |
|
IT Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bridgepointe Technologies, LLC |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
4/18/2033 |
|
|
7,886 |
|
|
|
7,809 |
|
|
|
7,809 |
|
|
|
6.27 |
|
Bridgepointe Technologies, LLC |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
4/18/2033 |
|
|
494 |
|
|
|
477 |
|
|
|
477 |
|
|
|
0.38 |
|
Bridgepointe Technologies, LLC |
|
(2) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
4/18/2033 |
|
|
- |
|
|
|
(10 |
) |
|
|
(10 |
) |
|
|
(0.01 |
) |
Cyber US Bidco, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
12/30/2032 |
|
|
5,051 |
|
|
|
5,003 |
|
|
|
4,951 |
|
|
|
3.97 |
|
Cyber US Bidco, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
12/30/2032 |
|
|
- |
|
|
|
(5 |
) |
|
|
(20 |
) |
|
|
(0.02 |
) |
Cyber US Bidco, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
12/30/2032 |
|
|
- |
|
|
|
(4 |
) |
|
|
(9 |
) |
|
|
(0.01 |
) |
GI DI Cornfield Acquisition, LLC |
|
(5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
3/9/2029 |
|
|
1,943 |
|
|
|
1,926 |
|
|
|
1,935 |
|
|
|
1.55 |
|
GI DI Cornfield Acquisition, LLC |
|
(6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
3/9/2029 |
|
|
- |
|
|
|
(18 |
) |
|
|
(16 |
) |
|
|
(0.01 |
) |
Redwood Services Group, LLC |
|
(3) (5) (6) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
6/15/2029 |
|
|
6,949 |
|
|
|
6,918 |
|
|
|
6,931 |
|
|
|
5.56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,096 |
|
|
|
22,048 |
|
|
|
17.69 |
|
Pharmaceuticals |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specialty Pharma III, Inc. |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/23/2032 |
|
|
5,559 |
|
|
|
5,533 |
|
|
|
5,503 |
|
|
|
4.42 |
|
Specialty Pharma III, Inc. |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/23/2032 |
|
|
90 |
|
|
|
86 |
|
|
|
82 |
|
|
|
0.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,619 |
|
|
|
5,585 |
|
|
|
4.48 |
|
Professional Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accordion Partners, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
11/17/2031 |
|
|
6,019 |
|
|
|
6,005 |
|
|
|
5,974 |
|
|
|
4.79 |
|
Accordion Partners, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
11/17/2031 |
|
|
1,066 |
|
|
|
1,053 |
|
|
|
1,032 |
|
|
|
0.83 |
|
Accordion Partners, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
11/17/2031 |
|
|
- |
|
|
|
(3 |
) |
|
|
(6 |
) |
|
|
(0.00 |
) |
Aprio Advisory Group, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
8/1/2031 |
|
|
323 |
|
|
|
299 |
|
|
|
296 |
|
|
|
0.24 |
|
Aprio Advisory Group, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
8/1/2031 |
|
|
- |
|
|
|
(4 |
) |
|
|
(2 |
) |
|
|
(0.00 |
) |
Verdantas, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
5/6/2031 |
|
|
114 |
|
|
|
100 |
|
|
|
35 |
|
|
|
0.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments(1) (2) |
|
Footnotes |
|
Investment |
|
Reference Rate
and Spread |
|
Maturity Date |
|
Par
Amount/
Shares |
|
|
Cost |
|
|
Fair Value |
|
|
Percentage
of
Members' equity |
|
Verdantas, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
5/6/2030 |
|
|
122 |
|
|
|
116 |
|
|
|
106 |
|
|
|
0.09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,566 |
|
|
|
7,435 |
|
|
|
5.97 |
|
Software |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Archduke Buyer, Inc. |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
12/3/2032 |
|
|
5,688 |
|
|
|
5,633 |
|
|
|
5,549 |
|
|
|
4.45 |
|
Archduke Buyer, Inc. |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
12/3/2032 |
|
|
- |
|
|
|
(4 |
) |
|
|
(10 |
) |
|
|
(0.01 |
) |
AuditBoard, Inc. |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
7/14/2031 |
|
|
3,429 |
|
|
|
3,405 |
|
|
|
3,321 |
|
|
|
2.66 |
|
Everbridge Holdings, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
7/2/2031 |
|
|
4,883 |
|
|
|
4,883 |
|
|
|
4,883 |
|
|
|
3.92 |
|
Everbridge Holdings, LLC |
|
(3) (5) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
7/2/2031 |
|
|
575 |
|
|
|
575 |
|
|
|
575 |
|
|
|
0.46 |
|
Everbridge Holdings, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
7/2/2031 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Jawbreaker Parent, Inc. |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/31/2033 |
|
|
9,914 |
|
|
|
9,819 |
|
|
|
9,765 |
|
|
|
7.84 |
|
Jawbreaker Parent, Inc. |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/31/2033 |
|
|
- |
|
|
|
(6 |
) |
|
|
(19 |
) |
|
|
(0.02 |
) |
Jawbreaker Parent, Inc. |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/31/2033 |
|
|
- |
|
|
|
(12 |
) |
|
|
(19 |
) |
|
|
(0.02 |
) |
Optimizely North America, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.50% (incl. 2.50% PIK) |
|
10/30/2031 |
|
|
6,347 |
|
|
|
6,261 |
|
|
|
6,109 |
|
|
|
4.90 |
|
Optimizely North America, Inc. |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
5.50% (incl. 2.50% PIK) |
|
10/30/2031 |
|
|
- |
|
|
|
(8 |
) |
|
|
(24 |
) |
|
|
(0.02 |
) |
Riskonnect Parent, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/7/2028 |
|
|
6,087 |
|
|
|
6,087 |
|
|
|
6,057 |
|
|
|
4.86 |
|
Riskonnect Parent, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/7/2028 |
|
|
60 |
|
|
|
60 |
|
|
|
58 |
|
|
|
0.05 |
|
Rivet Bidco Limited |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
4/8/2032 |
|
|
3,165 |
|
|
|
3,134 |
|
|
|
3,134 |
|
|
|
2.51 |
|
Rivet Bidco Limited |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
4/8/2032 |
|
|
- |
|
|
|
(12 |
) |
|
|
(12 |
) |
|
|
(0.01 |
) |
Rivet Bidco Limited |
|
(4) (6) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
4/8/2032 |
|
|
292 |
|
|
|
285 |
|
|
|
285 |
|
|
|
0.23 |
|
Vanco Payment Solutions, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/1/2031 |
|
|
5,559 |
|
|
|
5,508 |
|
|
|
5,448 |
|
|
|
4.37 |
|
Vanco Payment Solutions, LLC |
|
(3) (6) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/1/2031 |
|
|
- |
|
|
|
(2 |
) |
|
|
(5 |
) |
|
|
(0.00 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45,606 |
|
|
|
45,095 |
|
|
|
36.19 |
|
Total First Lien Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
339,159 |
|
|
$ |
336,711 |
|
|
|
270.18 |
% |
Total Debt Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
339,159 |
|
|
$ |
336,711 |
|
|
|
270.18 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments(1) (2) |
|
Footnotes |
|
Investment |
|
Reference Rate
and Spread |
|
Maturity Date |
|
Par
Amount/
Shares |
|
|
Cost |
|
|
Fair Value |
|
|
Percentage
of
Members' equity |
|
Equity Investments - non-controlled/non-affiliated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GTCR ABC Holdings, LLC |
|
|
|
Common Equity |
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
GTCR ABC Holdings, LLC |
|
|
|
Preferred Equity |
|
|
|
8.00% PIK |
|
|
|
|
599 |
|
|
|
610 |
|
|
|
610 |
|
|
|
0.49 |
|
Total Equity Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
610 |
|
|
$ |
610 |
|
|
|
0.49 |
% |
Total Portfolio Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
339,769 |
|
|
$ |
337,321 |
|
|
|
270.67 |
% |
|
|
(1) |
Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to either CORRA ("C") or EURIBOR ("E") or SOFR ("S") or SONIA ("SA")or an alternate base rate (commonly based on the Federal Funds Rate ("F") or the U.S. Prime Rate ("P")), which generally resets periodically. For each loan, the Company has indicated the reference rate used and provided the spread and the interest rate in effect as of June 30, 2026. For investments with multiple reference rates or alternate base rates, the interest rate shown is the weighted average interest rate in effect at June 30, 2026. As of June 30, 2026, the reference rates for our variable rate loans were the C at 2.34%, 1-month E at 2.20%, 1-month S at 3.65%, 3-month S at 3.73%, 6-month S at 3.70%, SA at 3.73% and the P at 6.75%. |
(2) |
Loan includes interest rate floor of 1.00%. |
(3) |
Loan includes interest rate floor of 0.75%. |
(4) |
Loan includes interest rate floor of 0.50%. |
(5) |
Assets or a portion thereof are pledged as collateral for the JV Credit Facility. |
(6) |
Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may earn unused commitment fees. Negative cost and fair value, if any, results from unamortized fees, which are capitalized to the cost of the investment. The unfunded loan commitment may be subject to a commitment termination date that may expire prior to the maturity date stated. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments(1) (2) |
|
Footnotes |
|
Investment |
|
Reference Rate
and Spread |
|
Maturity Date |
|
Par
Amount/
Shares |
|
|
Cost |
|
|
Fair Value |
|
|
Percentage
of
Members' equity |
|
Debt Investments - non-controlled/non-affiliated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GB Eagle Buyer, Inc. |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/29/2030 |
|
|
8,569 |
|
|
$ |
8,484 |
|
|
$ |
8,484 |
|
|
|
8.65 |
% |
GB Eagle Buyer, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/29/2030 |
|
|
- |
|
|
|
(10 |
) |
|
|
(10 |
) |
|
|
(0.01 |
) |
GB Eagle Buyer, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/29/2030 |
|
|
- |
|
|
|
(13 |
) |
|
|
(13 |
) |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,461 |
|
|
|
8,461 |
|
|
|
8.63 |
|
Air Freight & Logistics |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AGI-CFI Holdings, Inc. |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
6/11/2027 |
|
|
6,982 |
|
|
|
6,982 |
|
|
|
6,947 |
|
|
|
7.08 |
|
Automobile Components |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OEConnection, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2032 |
|
|
1,866 |
|
|
|
1,857 |
|
|
|
1,857 |
|
|
|
1.89 |
|
OEConnection, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2032 |
|
|
- |
|
|
|
(3 |
) |
|
|
(3 |
) |
|
|
(0.00 |
) |
OEConnection, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2032 |
|
|
- |
|
|
|
(1 |
) |
|
|
(1 |
) |
|
|
(0.00 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,853 |
|
|
|
1,853 |
|
|
|
1.89 |
|
Automobiles |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COP Collisionright Parent, LLC |
|
(2) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/29/2030 |
|
|
5,659 |
|
|
|
5,632 |
|
|
|
5,645 |
|
|
|
5.76 |
|
COP Collisionright Parent, LLC |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/29/2030 |
|
|
68 |
|
|
|
64 |
|
|
|
66 |
|
|
|
0.07 |
|
COP Collisionright Parent, LLC |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
1/29/2030 |
|
|
84 |
|
|
|
81 |
|
|
|
82 |
|
|
|
0.08 |
|
Vehlo Purchaser, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
5/24/2028 |
|
|
9,418 |
|
|
|
9,396 |
|
|
|
9,396 |
|
|
|
9.58 |
|
Vehlo Purchaser, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
5/24/2028 |
|
|
300 |
|
|
|
300 |
|
|
|
300 |
|
|
|
0.31 |
|
Vehlo Purchaser, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
5/24/2028 |
|
|
- |
|
|
|
(7 |
) |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,466 |
|
|
|
15,489 |
|
|
|
15.79 |
|
Banks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Computer Services, Inc. |
|
(2) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/17/2031 |
|
|
2,709 |
|
|
|
2,696 |
|
|
|
2,696 |
|
|
|
2.75 |
|
Computer Services, Inc. |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/17/2031 |
|
|
- |
|
|
|
(3 |
) |
|
|
(3 |
) |
|
|
(0.00 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,693 |
|
|
|
2,693 |
|
|
|
2.75 |
|
Commercial Services & Supplies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Astra Service Partners, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/26/2032 |
|
|
6,757 |
|
|
|
6,707 |
|
|
|
6,707 |
|
|
|
6.84 |
|
Astra Service Partners, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/26/2032 |
|
|
- |
|
|
|
(8 |
) |
|
|
(8 |
) |
|
|
(0.01 |
) |
Hercules Borrower, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/15/2028 |
|
|
6,983 |
|
|
|
6,983 |
|
|
|
6,913 |
|
|
|
7.05 |
|
VRC Companies, LLC |
|
(2) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
6/29/2027 |
|
|
4,445 |
|
|
|
4,445 |
|
|
|
4,445 |
|
|
|
4.53 |
|
VRC Companies, LLC |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
6/29/2027 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,127 |
|
|
|
18,057 |
|
|
|
18.41 |
|
Consumer Staples Distribution & Retail |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PDI TA Holdings, Inc. |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
2/3/2031 |
|
|
6,446 |
|
|
|
6,446 |
|
|
|
6,348 |
|
|
|
6.47 |
|
PDI TA Holdings, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
2/3/2031 |
|
|
394 |
|
|
|
394 |
|
|
|
386 |
|
|
|
0.39 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,840 |
|
|
|
6,734 |
|
|
|
6.87 |
|
Distributors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PT Intermediate Holdings III, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.00% (incl. 1.75% PIK) |
|
4/9/2030 |
|
|
6,642 |
|
|
|
6,642 |
|
|
|
6,642 |
|
|
|
6.77 |
|
PT Intermediate Holdings III, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% (incl. 1.75% PIK) |
|
4/9/2030 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,642 |
|
|
|
6,642 |
|
|
|
6.77 |
|
Diversified Consumer Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Apex Service Partners, LLC |
|
(2) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
10/24/2030 |
|
|
6,561 |
|
|
|
6,561 |
|
|
|
6,557 |
|
|
|
6.69 |
|
Apex Service Partners, LLC |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
10/24/2029 |
|
|
111 |
|
|
|
111 |
|
|
|
110 |
|
|
|
0.11 |
|
EVDR Purchaser, Inc. |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
2/14/2031 |
|
|
4,781 |
|
|
|
4,758 |
|
|
|
4,773 |
|
|
|
4.87 |
|
EVDR Purchaser, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
2/14/2031 |
|
|
- |
|
|
|
- |
|
|
|
(2 |
) |
|
|
(0.00 |
) |
EVDR Purchaser, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
2/14/2031 |
|
|
166 |
|
|
|
166 |
|
|
|
165 |
|
|
|
0.17 |
|
Project Accelerate Parent, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
2/24/2031 |
|
|
6,100 |
|
|
|
6,100 |
|
|
|
6,100 |
|
|
|
6.22 |
|
Project Accelerate Parent, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
2/24/2031 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Vertex Service Partners, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
6.00% |
|
11/8/2030 |
|
|
6,255 |
|
|
|
6,130 |
|
|
|
6,126 |
|
|
|
6.25 |
|
Vertex Service Partners, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
6.00% |
|
11/8/2030 |
|
|
154 |
|
|
|
144 |
|
|
|
144 |
|
|
|
0.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,970 |
|
|
|
23,973 |
|
|
|
24.45 |
|
Electronic Equipment, Instruments & Components |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dwyer Instruments, Inc. |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
7/20/2029 |
|
|
4,200 |
|
|
|
4,179 |
|
|
|
4,179 |
|
|
|
4.26 |
|
Dwyer Instruments, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
7/20/2029 |
|
|
104 |
|
|
|
102 |
|
|
|
102 |
|
|
|
0.10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments(1) (2) |
|
Footnotes |
|
Investment |
|
Reference Rate
and Spread |
|
Maturity Date |
|
Par
Amount/
Shares |
|
|
Cost |
|
|
Fair Value |
|
|
Percentage
of
Members' equity |
|
Pamlico Avant Holdings, LP |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/31/2032 |
|
|
6,166 |
|
|
|
6,104 |
|
|
|
6,104 |
|
|
|
6.22 |
|
Pamlico Avant Holdings, LP |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/31/2032 |
|
|
83 |
|
|
|
75 |
|
|
|
75 |
|
|
|
0.08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,460 |
|
|
|
10,460 |
|
|
|
10.67 |
|
Financial Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cerity Partners, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
7/28/2031 |
|
|
1,206 |
|
|
|
1,206 |
|
|
|
1,203 |
|
|
|
1.23 |
|
Cerity Partners, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
7/28/2031 |
|
|
- |
|
|
|
(3 |
) |
|
|
(3 |
) |
|
|
(0.00 |
) |
Cerity Partners, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
7/28/2031 |
|
|
17 |
|
|
|
16 |
|
|
|
17 |
|
|
|
0.02 |
|
Trintech, Inc. |
|
(2) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
7/25/2029 |
|
|
6,421 |
|
|
|
6,390 |
|
|
|
6,388 |
|
|
|
6.51 |
|
Trintech, Inc. |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
7/25/2029 |
|
|
161 |
|
|
|
158 |
|
|
|
158 |
|
|
|
0.16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,767 |
|
|
|
7,763 |
|
|
|
7.92 |
|
Ground Transportation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
eShipping, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2032 |
|
|
4,272 |
|
|
|
4,251 |
|
|
|
4,251 |
|
|
|
4.33 |
|
eShipping, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2032 |
|
|
- |
|
|
|
(4 |
) |
|
|
(4 |
) |
|
|
(0.00 |
) |
eShipping, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2032 |
|
|
101 |
|
|
|
97 |
|
|
|
97 |
|
|
|
0.10 |
|
SV Newco 2, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
6/2/2031 |
|
|
5,643 |
|
|
|
5,627 |
|
|
|
5,635 |
|
|
|
5.75 |
|
SV Newco 2, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
6/2/2031 |
|
|
- |
|
|
|
(4 |
) |
|
|
(2 |
) |
|
|
(0.00 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,967 |
|
|
|
9,977 |
|
|
|
10.17 |
|
Health Care Providers & Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Invictus Buyer, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
6/3/2031 |
|
|
4,428 |
|
|
|
4,428 |
|
|
|
4,428 |
|
|
|
4.52 |
|
Invictus Buyer, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
6/3/2031 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Invictus Buyer, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
6/3/2031 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Pareto Health Intermediate Holdings, Inc. |
|
(2) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
6/3/2030 |
|
|
6,116 |
|
|
|
6,116 |
|
|
|
6,116 |
|
|
|
6.24 |
|
Pareto Health Intermediate Holdings, Inc. |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
6/1/2029 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
PPV Intermediate Holdings, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.75% |
|
8/31/2029 |
|
|
6,982 |
|
|
|
6,982 |
|
|
|
6,965 |
|
|
|
7.10 |
|
TA Polaris Buyer, Inc. |
|
(4) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/13/2032 |
|
|
9,730 |
|
|
|
9,681 |
|
|
|
9,681 |
|
|
|
9.87 |
|
TA Polaris Buyer, Inc. |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/13/2032 |
|
|
- |
|
|
|
(10 |
) |
|
|
(10 |
) |
|
|
(0.01 |
) |
TA Polaris Buyer, Inc. |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/13/2032 |
|
|
- |
|
|
|
(6 |
) |
|
|
(6 |
) |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,191 |
|
|
|
27,174 |
|
|
|
27.71 |
|
Insurance Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Galway Borrower, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
9/29/2028 |
|
|
4,095 |
|
|
|
4,095 |
|
|
|
4,095 |
|
|
|
4.18 |
|
Galway Borrower, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
9/29/2028 |
|
|
35 |
|
|
|
35 |
|
|
|
35 |
|
|
|
0.04 |
|
High Street Buyer, Inc. |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
4/14/2028 |
|
|
6,892 |
|
|
|
6,892 |
|
|
|
6,875 |
|
|
|
7.01 |
|
High Street Buyer, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
4/16/2027 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Iris Specialty Acquisiton, LLC |
|
(4) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/22/2032 |
|
|
8,824 |
|
|
|
8,780 |
|
|
|
8,780 |
|
|
|
8.95 |
|
Iris Specialty Acquisiton, LLC |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/22/2032 |
|
|
- |
|
|
|
(4 |
) |
|
|
(4 |
) |
|
|
(0.00 |
) |
Iris Specialty Acquisiton, LLC |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
11/22/2032 |
|
|
- |
|
|
|
(6 |
) |
|
|
(6 |
) |
|
|
(0.01 |
) |
One, Inc. Software Corporation |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/6/2032 |
|
|
7,745 |
|
|
|
7,668 |
|
|
|
7,668 |
|
|
|
7.82 |
|
One, Inc. Software Corporation |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/6/2032 |
|
|
- |
|
|
|
(15 |
) |
|
|
(15 |
) |
|
|
(0.02 |
) |
One, Inc. Software Corporation |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/6/2032 |
|
|
- |
|
|
|
(6 |
) |
|
|
(6 |
) |
|
|
(0.01 |
) |
Patriot Growth Insurance Services, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
10/14/2028 |
|
|
6,909 |
|
|
|
6,909 |
|
|
|
6,909 |
|
|
|
7.05 |
|
Patriot Growth Insurance Services, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
10/16/2028 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,348 |
|
|
|
34,331 |
|
|
|
35.01 |
|
IT Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cyber US Bidco, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
12/30/2032 |
|
|
5,076 |
|
|
|
5,026 |
|
|
|
5,026 |
|
|
|
5.13 |
|
Cyber US Bidco, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
12/30/2032 |
|
|
- |
|
|
|
(5 |
) |
|
|
(5 |
) |
|
|
(0.01 |
) |
Cyber US Bidco, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
12/30/2032 |
|
|
- |
|
|
|
(4 |
) |
|
|
(4 |
) |
|
|
(0.00 |
) |
Redwood Services Group, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.25% |
|
6/15/2029 |
|
|
6,809 |
|
|
|
6,773 |
|
|
|
6,774 |
|
|
|
6.91 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,790 |
|
|
|
11,791 |
|
|
|
12.02 |
|
Multi-Utilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AWP Group Holdings, Inc. |
|
(2) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2030 |
|
|
5,117 |
|
|
|
5,117 |
|
|
|
5,117 |
|
|
|
5.22 |
|
AWP Group Holdings, Inc. |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2030 |
|
|
1,022 |
|
|
|
1,022 |
|
|
|
1,022 |
|
|
|
1.04 |
|
AWP Group Holdings, Inc. |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
12/23/2030 |
|
|
284 |
|
|
|
284 |
|
|
|
284 |
|
|
|
0.29 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,423 |
|
|
|
6,423 |
|
|
|
6.55 |
|
Pharmaceuticals |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specialty Pharma III, Inc. |
|
|
|
First Lien Debt |
|
P + |
|
4.75% |
|
12/23/2032 |
|
|
5,559 |
|
|
|
5,531 |
|
|
|
5,531 |
|
|
|
5.64 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments(1) (2) |
|
Footnotes |
|
Investment |
|
Reference Rate
and Spread |
|
Maturity Date |
|
Par
Amount/
Shares |
|
|
Cost |
|
|
Fair Value |
|
|
Percentage
of
Members' equity |
|
Specialty Pharma III, Inc. |
|
(5) |
|
First Lien Debt |
|
P + |
|
4.75% |
|
12/23/2032 |
|
|
- |
|
|
|
(4 |
) |
|
|
(4 |
) |
|
|
(0.00 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,527 |
|
|
|
5,527 |
|
|
|
5.64 |
|
Professional Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accordion Partners, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
11/17/2031 |
|
|
6,034 |
|
|
|
6,019 |
|
|
|
6,019 |
|
|
|
6.14 |
|
Accordion Partners, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
11/17/2031 |
|
|
- |
|
|
|
(11 |
) |
|
|
(11 |
) |
|
|
(0.01 |
) |
Accordion Partners, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
11/17/2031 |
|
|
- |
|
|
|
(4 |
) |
|
|
- |
|
|
|
- |
|
Aprio Advisory Group, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
8/1/2031 |
|
|
- |
|
|
|
(24 |
) |
|
|
(24 |
) |
|
|
(0.02 |
) |
Aprio Advisory Group, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
8/1/2031 |
|
|
- |
|
|
|
(4 |
) |
|
|
(4 |
) |
|
|
(0.00 |
) |
Bridgepointe Technologies, LLC |
|
(2) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
12/31/2027 |
|
|
6,978 |
|
|
|
6,958 |
|
|
|
6,978 |
|
|
|
7.12 |
|
Verdantas, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
5/6/2031 |
|
|
- |
|
|
|
(16 |
) |
|
|
(16 |
) |
|
|
(0.02 |
) |
Verdantas, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
5/6/2030 |
|
|
- |
|
|
|
(6 |
) |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,912 |
|
|
|
12,942 |
|
|
|
13.20 |
|
Software |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Archduke Buyer, Inc. |
|
(4) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
12/3/2032 |
|
|
5,688 |
|
|
|
5,631 |
|
|
|
5,631 |
|
|
|
5.74 |
|
Archduke Buyer, Inc. |
|
(4) (5) |
|
First Lien Debt |
|
S + |
|
5.50% |
|
12/3/2032 |
|
|
- |
|
|
|
(4 |
) |
|
|
(4 |
) |
|
|
(0.00 |
) |
AuditBoard, Inc. |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.50% |
|
7/14/2031 |
|
|
3,429 |
|
|
|
3,403 |
|
|
|
3,403 |
|
|
|
3.47 |
|
Everbridge Holdings, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
7/2/2031 |
|
|
4,908 |
|
|
|
4,908 |
|
|
|
4,908 |
|
|
|
5.00 |
|
Everbridge Holdings, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
7/2/2031 |
|
|
578 |
|
|
|
578 |
|
|
|
578 |
|
|
|
0.59 |
|
Everbridge Holdings, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
7/2/2031 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Optimizely North America, Inc. |
|
(3) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
10/30/2031 |
|
|
6,352 |
|
|
|
6,259 |
|
|
|
6,225 |
|
|
|
6.35 |
|
Optimizely North America, Inc. |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
5.00% |
|
10/30/2031 |
|
|
- |
|
|
|
(9 |
) |
|
|
(13 |
) |
|
|
(0.01 |
) |
Riskonnect Parent, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/7/2028 |
|
|
6,118 |
|
|
|
6,118 |
|
|
|
6,118 |
|
|
|
6.24 |
|
Riskonnect Parent, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/7/2028 |
|
|
73 |
|
|
|
73 |
|
|
|
73 |
|
|
|
0.07 |
|
Vanco Payment Solutions, LLC |
|
(3) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/1/2031 |
|
|
5,587 |
|
|
|
5,532 |
|
|
|
5,532 |
|
|
|
5.64 |
|
Vanco Payment Solutions, LLC |
|
(3) (5) |
|
First Lien Debt |
|
S + |
|
4.75% |
|
12/1/2031 |
|
|
- |
|
|
|
(3 |
) |
|
|
(3 |
) |
|
|
(0.00 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,486 |
|
|
|
32,448 |
|
|
|
33.09 |
|
Total Portfolio Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
249,905 |
|
|
$ |
249,685 |
|
|
|
254.62 |
% |
|
|
(1) |
Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to either CORRA ("C") or EURIBOR ("E") or SOFR ("S") or SONIA ("SA")or an alternate base rate (commonly based on the Federal Funds Rate ("F") or the U.S. Prime Rate ("P")), which generally resets periodically. |
(2) |
Loan includes interest rate floor of 1.00%. |
(3) |
Loan includes interest rate floor of 0.75%. |
(4) |
Loan includes interest rate floor of 0.50%. |
(5) |
Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may earn unused commitment fees. Negative cost and fair value, if any, results from unamortized fees, which are capitalized to the cost of the investment. The unfunded loan commitment may be subject to a commitment termination date that may expire prior to the maturity date stated. |
|