v3.26.1
Consolidated Schedule of Investments (Parenthetical)
Jun. 30, 2026
Dec. 31, 2025
Percentage of Investments 104.60% 102.90%
Net assets percentage of net assets 100.00% 100.00%
Percentage of unrealized depreciation on unfunded commitments (0.00%) (0.10%)
Percentage of liabilities in excess of other assets (4.60%) (2.80%)
First American Government Obligation Fund Yield Class X    
Percentage of yield on investment 3.56% 3.68%
Percentage of Investments 2.30% 2.10%
Investment, Identifier [Axis]: Debt Investment, Automobile Components, Fenix Intermediate LLC, Acquisition Date - 03/28/24, Investment - Delayed Draw Term Loan B-1 - 10.43% (SOFR + 6.75%, 1.75% Floor), Net Assets – 0.2%, Maturity Date - 03/28/29    
Percentage of Investments [1]   0.20%
Investment, Identifier [Axis]: Debt Investment, Automobile Components, Fenix Intermediate LLC, Acquisition Date - 03/28/24, Investment - Term Loan B - 10.43% (SOFR + 6.75%, 1.75% Floor), Net Assets - 2.8%, Maturity Date - 03/28/29    
Percentage of Investments [1]   2.80%
Investment, Identifier [Axis]: Debt Investment, Automobile Components, Fenix Intermediate LLC, Acquisition Date 03/28/24 Investment Delayed Draw Term Loan B-1 - 10.74% (SOFR + 7.00%, 1.75% Floor) % of Net Assets 0.2% Maturity Date 03/28/29    
Percentage of Investments [2] 0.20%  
Investment, Identifier [Axis]: Debt Investment, Automobile Components, Fenix Intermediate LLC, Acquisition Date 03/28/24 Investment Term Loan B - 10.74% (SOFR + 7.00%, 1.75% Floor) % of Net Assets 2.4% Maturity Date 03/28/29    
Percentage of Investments [2] 2.40%  
Investment, Identifier [Axis]: Debt Investment, Automobile Components, Superior Industries International, Inc. , Acquisition Date - 12/08/25, Investment - Take Back Term Loan - 13.62% inc PIK (SOFR + 10.00%, 3.50% Floor, all PIK), % of Net Assets – 0.7%, Maturity Date - 12/08/30    
Percentage of Investments [2] 0.70%  
Investment, Identifier [Axis]: Debt Investment, Automobile Components, Superior Industries International, Inc. , Acquisition Date - 12/08/25, Investment - Take Back Term Loan - 13.78% inc PIK (SOFR + 10.00%, 3.50% Floor, all PIK), Net Assets – 0.7%, Maturity Date - 12/08/30    
Percentage of Investments [1]   0.70%
Investment, Identifier [Axis]: Debt Investment, Building Products, Eastern Metal Supply Borrower, LLC Acquisition Date - 01/06/26, Investment - Term Loan - 9.73% (SOFR + 6.00%, 1.00% Floor), % of Net Assets – 4.8%, Maturity Date - 01/06/31    
Percentage of Investments [2] 4.80%  
Investment, Identifier [Axis]: Debt Investment, Commercial Services & Supplies, Axvor Intermediate, LLC (DQS) Acquisition Date - 03/24/26, Investment - Term Loan - 9.89% (SOFR + 6.25%, 2.00% Floor), % of Net Assets – 4.1%, Maturity Date - 03/24/31    
Percentage of Investments [2] 4.10%  
Investment, Identifier [Axis]: Debt Investment, Commercial Services & Supplies, CSAT Holdings LLC, Acquisition Date - 06/30/2023, Investment Revolver - 14.33% inc PIK (SOFR + 10.50%, 2.00% Floor, 2.25% PIK) % of Net Assets – 0.3%, Maturity Date - 06/30/2028    
Percentage of Investments [1]   0.30%
Investment, Identifier [Axis]: Debt Investment, Commercial Services & Supplies, CSAT Holdings LLC, Acquisition Date - 06/30/2023, Investment Term Loan - 14.43% inc PIK (SOFR + 10.50%, 2.00% Floor, 2.25% PIK), % of Net Assets - 3.7%, Maturity Date - 06/30/2028    
Percentage of Investments [1]   3.70%
Investment, Identifier [Axis]: Debt Investment, Commercial Services & Supplies, Comprehensive Logistics Co., LLC., Acquisition Date - 03/26/24, Investment - Term Loan - 11.32% (SOFR + 7.50%, 2.00% Floor), % of Net Assets – 3.2%, Maturity Date - 03/26/26    
Percentage of Investments [1]   3.20%
Investment, Identifier [Axis]: Debt Investment, Commercial Services & Supplies, Power Acquisition LLC, Acquisition Date - 01/22/25, Investment - Term Loan B - 9.86% (SOFR + 6.00%, 1.50% Floor), % of Net Assets - 2.8% Maturity Date - 01/22/30    
Percentage of Investments [1]   2.80%
Investment, Identifier [Axis]: Debt Investment, Commercial Services & Supplies, Power Acquisition LLC, Acquisition Date - 07/11/25, Investment - Incremental Term Loan B -- 9.86% (SOFR + 6.00%, 1.50% Floor), % of Net Assets - 0.2% Maturity Date - 01/22/30    
Percentage of Investments [1]   0.20%
Investment, Identifier [Axis]: Debt Investment, Commercial Services & Supplies, Power Acquisition LLC, Acquisition Date 01/22/25 Investment Term Loan B - 10.66% (SOFR + 7.00%, 1.50% Floor) % of Net Assets 2.7% Maturity Date 01/22/30    
Percentage of Investments [2] 2.70%  
Investment, Identifier [Axis]: Debt Investment, Commercial Services & Supplies, Power Acquisition LLC, Acquisition Date 07/11/25 Investment Term Loan B - 10.66% (SOFR + 7.00%, 1.50% Floor) % of Net Assets 0.2% Maturity Date 01/22/30    
Percentage of Investments [2] 0.20%  
Investment, Identifier [Axis]: Debt Investment, Construction & Engineering, Sunland Asphalt & Construction, LLC, Acquisition Date 06/16/23 Investment Delayed Draw Term Loan - 10.32% (SOFR + 6.50%, 1.75% Floor) % of Net Assets 1.0% Maturity Date 06/16/28    
Percentage of Investments [1]   1.00%
Investment, Identifier [Axis]: Debt Investment, Construction & Engineering, Sunland Asphalt & Construction, LLC, Acquisition Date 06/16/23 Investment Delayed Draw Term Loan - 10.74% (SOFR + 7.00%, 1.75% Floor) % of Net Assets 1.0% Maturity Date 06/16/28    
Percentage of Investments [2] 1.00%  
Investment, Identifier [Axis]: Debt Investment, Construction & Engineering, Sunland Asphalt & Construction, LLC, Acquisition Date 06/16/23 Investment Term Loan B - 10.32% (SOFR + 6.50%, 1.75% Floor) % of Net Assets 2.4% Maturity Date 06/16/28    
Percentage of Investments [1]   2.40%
Investment, Identifier [Axis]: Debt Investment, Construction & Engineering, Sunland Asphalt & Construction, LLC, Acquisition Date 06/16/23 Investment Term Loan B - 10.74% (SOFR + 7.00%, 1.75% Floor) % of Net Assets 2.3% Maturity Date 06/16/28    
Percentage of Investments [2] 2.30%  
Investment, Identifier [Axis]: Debt Investment, Consumer Discretionary Textiles, Apparel & Luxury Goods, Helix Sleep, Inc, Acquisition Date 11/07/25 Investment Term Loan - 9.15% (SOFR + 5.50%, 1.00% Floor) % of Net Assets 1.9% Maturity Date 11/07/30    
Percentage of Investments [2] 1.90%  
Investment, Identifier [Axis]: Debt Investment, Consumer Discretionary Textiles, Apparel & Luxury Goods, Helix Sleep, Inc., Acquisition Date 11/07/25 Investment Term Loan - 9.37% (SOFR + 5.50%, 1.00% Floor) % of Net Assets 1.4% Maturity Date 11/07/30    
Percentage of Investments [1]   1.40%
Investment, Identifier [Axis]: Debt Investment, Consumer Durables & Apparel, Hy Cite Enterprises, LLC, Acquisition Date 05/21/26 Investment Term Loan - 11.90% (SOFR + 8.00%, 2.00% Floor) % of Net Assets 1.4% Maturity Date 04/21/31    
Percentage of Investments [2] 1.40%  
Investment, Identifier [Axis]: Debt Investment, Containers & Packaging, Hoffmaster Group, Inc, Acquisition Date - 02/24/23, Investment - Term Loan - 10.10% SOFR + 6.25%, 2.00% Floor) % of Net Assets - 2.9% Maturity Date - 02/24/28    
Percentage of Investments [1]   2.90%
Investment, Identifier [Axis]: Debt Investment, Containers & Packaging, Hoffmaster Group, Inc, Acquisition Date - 03/15/24, Investment - Incremental Term Loan - 10.10% (SOFR + 6.25%, 2.00% Floor), % of Net Assets - 0.4% Maturity Date - 02/24/28    
Percentage of Investments [1]   0.40%
Investment, Identifier [Axis]: Debt Investment, Containers & Packaging, Hoffmaster Group, Inc., Acquisition Date 02/24/23 Investment Term Loan - 8.66% (SOFR + 5.00%, 2.00% Floor) % of Net Assets 2.8% Maturity Date 05/24/28    
Percentage of Investments [2] 2.80%  
Investment, Identifier [Axis]: Debt Investment, Containers & Packaging, Hoffmaster Group, Inc., Acquisition Date 03/15/24 Investment Incremental Term Loan - 8.66% (SOFR + 5.00%, 2.00% Floor) % of Net Assets 0.3% Maturity Date 05/24/28    
Percentage of Investments [2] 0.30%  
Investment, Identifier [Axis]: Debt Investment, Containers & Packaging, The HC Companies, Inc., Acquisition Date - 05/21/24, Investment Incremental Term Loan - 12.17% inc PIK (SOFR + 8.50%, 2.00% Floor, 1.00% PIK) % of Net Assets - 0.7% Maturity Date - 08/01/28    
Percentage of Investments [1]   0.70%
Investment, Identifier [Axis]: Debt Investment, Containers & Packaging, The HC Companies, Inc., Acquisition Date - 08/01/2023 Investment Term Loan - 12.17% inc PIK (SOFR + 8.50%, 2.00% Floor, 1.00% PIK) % of Net Assets - 4.2% Maturity Date - 08/01/2028    
Percentage of Investments [1]   4.20%
Investment, Identifier [Axis]: Debt Investment, Containers & Packaging, The HC Companies, Inc., Acquisition Date 05/21/24 Investment Incremental Term Loan - 12.14% inc PIK (SOFR + 8.50%, 2.00% Floor, 1.00% PIK) % of Net Assets 0.7% Maturity Date 08/01/28    
Percentage of Investments [2] 0.70%  
Investment, Identifier [Axis]: Debt Investment, Containers & Packaging, The HC Companies, Inc., Acquisition Date 08/01/23 Investment Term Loan - 12.14% inc PIK (SOFR + 8.50%, 2.00% Floor, 1.00% PIK) % of Net Assets 3.8% Maturity Date 08/01/28    
Percentage of Investments [2] 3.80%  
Investment, Identifier [Axis]: Debt Investment, Energy Equipment & Services, HydroSource Logistics, LLC, Acquisition Date - 04/05/24, Investment - Revolver- 12.46% (SOFR + 8.50%, 2.00% Floor), % of Net Assets - 0.2% Maturity Date - 04/04/29    
Percentage of Investments [1]   0.20%
Investment, Identifier [Axis]: Debt Investment, Energy Equipment & Services, HydroSource Logistics, LLC, Acquisition Date - 04/05/24, Investment - Term Loan - 12.43% (SOFR + 8.50%, 2.00% Floor), % of Net Assets - 2.4% Maturity Date - 04/04/29    
Percentage of Investments [1]   2.40%
Investment, Identifier [Axis]: Debt Investment, Energy Equipment & Services, HydroSource Logistics, LLC, Acquisition Date - 04/14/25, Investment - 3rd Amendment Term Loan - 12.43% (SOFR + 8.50%, 2.00% Floor), % of Net Assets - 3.1% Maturity Date - 04/04/29    
Percentage of Investments [1]   3.10%
Investment, Identifier [Axis]: Debt Investment, Food Products, Baxters North America, Inc., Acquisition Date - 05/31/23, Investment - Term Loan - 10.70% (SOFR + 6.88%, 1.75% Floor), % of Net Assets - 3.5%, Maturity Date - 05/31/28    
Percentage of Investments [1]   3.50%
Investment, Identifier [Axis]: Debt Investment, Food Products, Baxters North America, Inc., Acquisition Date 05/31/23 Investment Term Loan - 10.24% (SOFR + 6.50%, 1.75% Floor) % of Net Assets 3.3% Maturity Date 05/31/28    
Percentage of Investments [2] 3.30%  
Investment, Identifier [Axis]: Debt Investment, Food Products, Great Kitchens Food Company, Inc.., Acquisition Date - 05/31/24, Investment - Term Loan - 9.72% (SOFR + 6.00%, 1.25% Floor), % of Net Assets - 3.1%, Maturity Date - 05/31/29    
Percentage of Investments [1]   3.10%
Investment, Identifier [Axis]: Debt Investment, Food Products, Signature Brands, LLC, Acquisition Date - 02/29/24, Investment - Delayed Draw Term Loan A - 10.58% inc PIK (SOFR + 6.50%, 1.75% Floor, all PIK), % of Net Assets - 0.3%, Maturity Date - 05/04/28    
Percentage of Investments [1]   0.30%
Investment, Identifier [Axis]: Debt Investment, Food Products, Signature Brands, LLC, Acquisition Date - 05/05/23, Investment - Term Loan - 13.58% inc PIK (SOFR + 9.50%, 1.75% Floor, all PIK), % of Net Assets - 2.8%, Maturity Date - 05/04/28    
Percentage of Investments [1]   2.80%
Investment, Identifier [Axis]: Debt Investment, Food Products, Signature Brands, LLC, Acquisition Date - 05/05/25, Investment - 9th Amendment Term Loan A - 17.50% inc PIK (17.50%, Fixed Coupon, all PIK), % of Net Assets - 0.9%, Maturity Date - 05/04/28    
Percentage of Investments [1]   0.90%
Investment, Identifier [Axis]: Debt Investment, Food Products, Signature Brands, LLC, Acquisition Date 02/29/24 Investment Delayed Draw Term Loan A - 10.43% (SOFR + 6.50%, 1.75% Floor) % of Net Assets 0.3% Maturity Date 05/04/28    
Percentage of Investments [2] 0.30%  
Investment, Identifier [Axis]: Debt Investment, Food Products, Signature Brands, LLC, Acquisition Date 05/05/23 Investment Term Loan - 13.43% inc PIK (SOFR + 9.50%, 1.75% Floor, 3.00% PIK) % of Net Assets 2.6% Maturity Date 05/04/28    
Percentage of Investments [2] 2.60%  
Investment, Identifier [Axis]: Debt Investment, Food Products, Signature Brands, LLC, Acquisition Date 05/05/25 Investment 9th Amendment Term Loan A - 17.50% inc PIK (17.50%, Fixed Coupon, all PIK) % of Net Assets 1.0% Maturity Date 05/04/28    
Percentage of Investments [2] 1.00%  
Investment, Identifier [Axis]: Debt Investment, Ground Transportation, RPM Purchaser, Inc., Acquisition Date - 09/11/23, Investment - Delayed Draw Term Loan B - 10.08% (SOFR + 6.25%, 2.00% Floor), % of Net Assets - 0.9%, Maturity Date - 09/11/28    
Percentage of Investments [1]   0.90%
Investment, Identifier [Axis]: Debt Investment, Ground Transportation, RPM Purchaser, Inc., Acquisition Date - 09/11/23, Investment - Term Loan B - 10.08% (SOFR + 6.25%, 2.00% Floor), % of Net Assets - 3.1%, Maturity Date - 09/11/28    
Percentage of Investments [1]   3.10%
Investment, Identifier [Axis]: Debt Investment, Ground Transportation, RPM Purchaser, Inc., Acquisition Date 09/11/23 Investment Delayed Draw Term Loan B - 10.01% (SOFR + 6.25%, 2.00% Floor) % of Net Assets 0.9% Maturity Date 09/11/28    
Percentage of Investments [2] 0.90%  
Investment, Identifier [Axis]: Debt Investment, Ground Transportation, RPM Purchaser, Inc., Acquisition Date 09/11/23 Investment Term Loan B - 10.01% (SOFR + 6.25%, 2.00% Floor) % of Net Assets 2.8% Maturity Date 09/11/28    
Percentage of Investments [2] 2.80%  
Investment, Identifier [Axis]: Debt Investment, Health Care Equipment & Supplies, Connect America.com, LLC, Acquisition Date 10/11/24 Investment Last Out Term Loan – 10.48% inc PIK (SOFR + 6.75%, 1.75% Floor, 4.00% PIK) % of Net Assets 3.9% Maturity Date 10/11/29    
Percentage of Investments [2] 3.90%  
Investment, Identifier [Axis]: Debt Investment, Health Care Equipment & Supplies, Connect America.com, LLC., Acquisition Date - 10/11/24, Investment - Last Out Term Loan - 9.42% (SOFR + 5.75%, 1.75% Floor), % of Net Assets - 4.2%, Maturity Date - 10/11/29    
Percentage of Investments [1]   4.20%
Investment, Identifier [Axis]: Debt Investment, Hotels, Restaurants & Leisure, ADAN-B LLC (24 Hour Fitness) , Acquisition Date - 4/30/2025 & 12/31/25, Investment - Revolver - 9.48% (SOFR + 5.75%, 1.50% Floor), % of Net Assets - 0.2%, Maturity Date - 12/31/30    
Percentage of Investments [2] 0.20%  
Investment, Identifier [Axis]: Debt Investment, Hotels, Restaurants & Leisure, ADAN-B LLC (24 Hour Fitness), Acquisition Date - 4/30/2025 & 12/31/25, Investment - Term Loan - 9.42% (SOFR + 5.75%, 1.50% Floor), % of Net Assets - 4.7%, Maturity Date - 12/31/30    
Percentage of Investments [1]   4.70%
Investment, Identifier [Axis]: Debt Investment, Hotels, Restaurants & Leisure, ADAN-B LLC (24 Hour Fitness), Acquisition Date - 4/30/2025 & 12/31/25, Investment - Term Loan - 9.48% (SOFR + 5.75%, 1.50% Floor), % of Net Assets – 3.8%, Maturity Date - 12/31/30    
Percentage of Investments [2],[3] 3.80%  
Investment, Identifier [Axis]: Debt Investment, Hotels, Restaurants & Leisure, CEC Entertainment, LLC , Acquisition Date - 09/26/2025, Investment - Term Loan - 9.67% (SOFR + 6.00%, 2.00% Floor), % of Net Assets - 3.8%, Maturity Date - 09/26/30    
Percentage of Investments [1]   3.80%
Investment, Identifier [Axis]: Debt Investment, Hotels, Restaurants & Leisure, CEC Entertainment, LLC, Acquisition Date 09/26/25 Investment Term Loan - 9.73% (SOFR + 6.00%, 2.00% Floor) % of Net Assets 3.5% Maturity Date 09/26/30    
Percentage of Investments [2] 3.50%  
Investment, Identifier [Axis]: Debt Investment, Hotels, Restaurants & Leisure, Five Star Buyer, Inc, Acquisition Date - 05/11/23, Investment - Delayed Draw Term Loan - 12.88% inc PIK (SOFR + 9.00%, 1.50% Floor, 2.00% PIK), % of Net Assets - 0.1%, Maturity Date - 02/23/28    
Percentage of Investments [2] 0.10%  
Investment, Identifier [Axis]: Debt Investment, Hotels, Restaurants & Leisure, Five Star Buyer, Inc, Acquisition Date - 05/11/23, Investment - Delayed Draw Term Loan - 12.98% inc PIK (SOFR + 9.00%, 1.50% Floor, 2.00% PIK), % of Net Assets - 0.1%, Maturity Date - 02/23/28    
Percentage of Investments [1]   0.10%
Investment, Identifier [Axis]: Debt Investment, Hotels, Restaurants & Leisure, Five Star Buyer, Inc, Acquisition Date - 05/11/23, Investment - Term Loan - 12.98% inc PIK (SOFR + 9.00%, 1.50% Floor, 2.00% PIK), % of Net Assets - 2.7%, Maturity Date - 02/23/28    
Percentage of Investments [1]   2.70%
Investment, Identifier [Axis]: Debt Investment, Hotels, Restaurants & Leisure, Five Star Buyer, Inc., Acquisition Date 05/11/23 Investment Term Loan - 12.82% inc PIK (SOFR + 9.00%, 1.50% Floor, 2.00% PIK) % of Net Assets 2.5% Maturity Date 02/23/28    
Percentage of Investments [2] 2.50%  
Investment, Identifier [Axis]: Debt Investment, Leisure Products, Lumos Holdings US Acquisition Co. (Life Fitness), Acquisition Date 08/05/25 Investment Term Loan - 9.16% (SOFR + 5.50%, 1.50% Floor) % of Net Assets 4.6% Maturity Date 08/05/30    
Percentage of Investments [2] 4.60%  
Investment, Identifier [Axis]: Debt Investment, Leisure Products, Lumos Holdings US Acquisition Co. (Life Fitness), Acquisition Date 08/05/25 Investment Term Loan - 9.40% (SOFR + 5.50%, 1.50% Floor) % of Net Assets 4.9% Maturity Date 08/05/30    
Percentage of Investments [1]   4.90%
Investment, Identifier [Axis]: Debt Investment, Machinery, Mark Andy, Inc., Acquisition Date - 06/16/23, Investment - Term Loan - 12.57% inc PIK (SOFR + 8.75%, 1.50% Floor, 5.75% PIK), % of Net Assets – 2.7%, Maturity Date - 06/16/28    
Percentage of Investments [1]   2.70%
Investment, Identifier [Axis]: Debt Investment, Machinery, Mark Andy, LLC. Acquisition Date 06/16/23 Investment Term Loan - 12.63% inc PIK (SOFR + 8.75%, 1.50% Floor 5.75% PIK) % of Net Assets 2.0% Maturity Date 06/16/28    
Percentage of Investments [2] 2.00%  
Investment, Identifier [Axis]: Debt Investment, Metals & Mining, Material Sciences Corporation, Acquisition Date 03/14/25 Investment Term Loan - 10.17% (SOFR + 6.50%, 2.00% Floor) % of Net Assets 4.3% Maturity Date 03/14/30    
Percentage of Investments [1]   4.30%
Investment, Identifier [Axis]: Debt Investment, Metals & Mining, Material Sciences Corporation, Acquisition Date 03/14/25 Investment Term Loan – 9.98% (SOFR + 6.25%, 2.00% Floor) % of Net Assets 4.1% Maturity Date 03/14/30    
Percentage of Investments [2] 4.10%  
Investment, Identifier [Axis]: Debt Investment, Oil, Gas & Consumable Fuels, HydroSource Midstream, LLC, Acquisition Date 04/30/26 Investment Bridge Term Loan - 14.43% (SOFR + 10.50%, 2.50% Floor) % of Net Assets 0.2% Maturity Date 04/30/31    
Percentage of Investments [2] 0.20%  
Investment, Identifier [Axis]: Debt Investment, Oil, Gas & Consumable Fuels, HydroSource Midstream, LLC, Acquisition Date 04/30/26 Investment Delayed Draw Term Loan - 14.91% inc PIK (SOFR + 11.00%, 2.50% Floor, all PIK) % of Net Assets 0.5% Maturity Date 04/30/31    
Percentage of Investments [2] 0.50%  
Investment, Identifier [Axis]: Debt Investment, Oil, Gas & Consumable Fuels, HydroSource Midstream, LLC, Acquisition Date 04/30/26 Investment Revolver - 14.43% (SOFR + 10.50%, 2.50% Floor) % of Net Assets 0.1% Maturity Date 04/30/31    
Percentage of Investments [2] 0.10%  
Investment, Identifier [Axis]: Debt Investment, Oil, Gas & Consumable Fuels, HydroSource Midstream, LLC, Acquisition Date 04/30/26 Investment Term Loan - 14.93% inc PIK (SOFR + 11.00%, 2.50% Floor, all PIK) % of Net Assets 2.7% Maturity Date 04/30/31    
Percentage of Investments [2] 2.70%  
Investment, Identifier [Axis]: Debt Investment, Paper & Forest Products, Pallet Logistics of America, LLC, Acquisition Date - 11/22/24, Investment - Term Loan - 10.79% inc PIK (SOFR + 7.00%, 1.00% Floor, 0.50% PIK), % of Net Assets – 1.9%, Maturity Date - 11/22/29    
Percentage of Investments [1]   1.90%
Investment, Identifier [Axis]: Debt Investment, Paper & Forest Products, Pallet Logistics of America, LLC, Acquisition Date 11/22/24 Investment Revolver - 10.68% (SOFR + 7.00%, 1.00% Floor) % of Net Assets 0.1% Maturity Date 11/29/29    
Percentage of Investments [2] 0.10%  
Investment, Identifier [Axis]: Debt Investment, Paper & Forest Products, Pallet Logistics of America, LLC, Acquisition Date 11/22/24 Investment Revolver - 10.79% (SOFR + 7.00%, 1.00% Floor) % of Net Assets 0.1% Maturity Date 11/29/29    
Percentage of Investments [1]   0.10%
Investment, Identifier [Axis]: Debt Investment, Paper & Forest Products, Pallet Logistics of America, LLC, Acquisition Date 11/22/24 Investment Term Loan - 10.66% inc PIK (SOFR + 7.00%, 1.00% Floor, 0.50% PIK) % of Net Assets 1.8% Maturity Date 11/29/29    
Percentage of Investments [2] 1.80%  
Investment, Identifier [Axis]: Debt Investment, Personal Care Products, The Vitamin Shoppe, LLC, Acquisition Date 03/23/26 Investment Term Loan - 9.90% (SOFR + 6.25%, 2.00% Floor) % of Net Assets 3.8% Maturity Date 03/23/31    
Percentage of Investments [2] 3.80%  
Investment, Identifier [Axis]: Debt Investment, Personal Care Products, Viva 5 Group, LLC, Acquisition Date 05/21/25 Investment Revolver - 10.14% (SOFR + 6.50%, 2.25% Floor) % of Net Assets 0.5% Maturity Date 05/21/30    
Percentage of Investments [2] 0.50%  
Investment, Identifier [Axis]: Debt Investment, Personal Care Products, Viva 5 Group, LLC, Acquisition Date 05/21/25 Investment Revolver - 10.22% (SOFR + 6.50%, 2.25% Floor) % of Net Assets 0.1% Maturity Date 05/21/30    
Percentage of Investments [1]   0.10%
Investment, Identifier [Axis]: Debt Investment, Personal Care Products, Viva 5 Group, LLC, Acquisition Date 05/21/25 Investment Term Loan - 10.14% (SOFR + 6.50%, 2.25% Floor) % of Net Assets 3.9% Maturity Date 05/21/30    
Percentage of Investments [2] 3.90%  
Investment, Identifier [Axis]: Debt Investment, Personal Care Products, Viva 5 Group, LLC, Acquisition Date 05/21/25 Investment Term Loan - 10.22% (SOFR + 6.50%, 2.25% Floor) % of Net Assets 4.2% Maturity Date 05/21/30    
Percentage of Investments [1]   4.20%
Investment, Identifier [Axis]: Debt Investment, Professional Services, Alorica Inc., Acquisition Date 12/21/22 Investment Term Loan - 10.52% (SOFR + 6.88%, 1.50% Floor) % of Net Assets 4.2% Maturity Date 12/21/27    
Percentage of Investments [2] 4.20%  
Investment, Identifier [Axis]: Debt Investment, Professional Services, Alorica Inc., Acquisition Date 12/21/22 Investment Term Loan - 10.59% (SOFR + 6.88%, 1.50% Floor) % of Net Assets 4.5% Maturity Date 12/21/27    
Percentage of Investments [1]   4.50%
Investment, Identifier [Axis]: Debt Investment, Software, CF Newco, Inc., Acquisition Date - 12/11/25 Investment Amendment No. 1 Term Loan - 9.92% (SOFR + 6.25%, 1.50% Floor) % of Net Assets 0.8% Maturity Date 12/10/29    
Percentage of Investments [2] 0.80%  
Investment, Identifier [Axis]: Debt Investment, Software, CF Newco, Inc., Acquisition Date - 12/11/25 Investment Amendment No. 1 Term Loan - 9.99% (SOFR + 6.25%, 1.50% Floor) % of Net Assets 0.9% Maturity Date 12/10/29    
Percentage of Investments [1]   0.90%
Investment, Identifier [Axis]: Debt Investment, Software, CF Newco, Inc., Acquisition Date 12/09/24 Investment Revolver - 9.67% (SOFR + 6.00%, 1.50% Floor) % of Net Assets 0.1% Maturity Date 12/10/29    
Percentage of Investments [2] 0.10%  
Investment, Identifier [Axis]: Debt Investment, Software, CF Newco, Inc., Acquisition Date 12/09/24 Investment Revolver - 9.74% (SOFR + 6.00%, 1.50% Floor) % of Net Assets 0.1% Maturity Date 12/10/29    
Percentage of Investments [1]   0.10%
Investment, Identifier [Axis]: Debt Investment, Software, CF Newco, Inc., Acquisition Date 12/09/24 Investment Term Loan - 9.67% (SOFR + 6.00%, 1.50% Floor) % of Net Assets 1.7% Maturity Date 12/10/29    
Percentage of Investments [2] 1.70%  
Investment, Identifier [Axis]: Debt Investment, Software, CF Newco, Inc., Acquisition Date 12/09/24 Investment Term Loan - 9.74% (SOFR + 6.00%, 1.50% Floor) % of Net Assets 1.9% Maturity Date 12/10/29    
Percentage of Investments [1]   1.90%
Investment, Identifier [Axis]: Debt Investment, Specialty Retail, D&D Buyer, LLC, Acquisition Date 02/18/26 Investment 5th Amendment Delayed Draw Term Loan - 9.58% (SOFR + 5.75%, 2.00% Floor) % of Net Assets 0.7% Maturity Date 10/04/29    
Percentage of Investments [2] 0.70%  
Investment, Identifier [Axis]: Debt Investment, Specialty Retail, D&D Buyer, LLC, Acquisition Date 10/04/23 Investment Term Loan - 9.58% (SOFR + 5.75%, 2.00% Floor) % of Net Assets 4.8% Maturity Date 10/04/29    
Percentage of Investments [2] 4.80%  
Investment, Identifier [Axis]: Debt Investment, Specialty Retail, D&D Buyer, LLC., Acquisition Date - 08/20/25, Investment - 4th Amendment Delayed Draw Term Loan - 10.49% (SOFR + 6.50%, 2.00% Floor), % of Net Assets – 1.1%, Maturity Date - 10/04/28    
Percentage of Investments [1]   1.10%
Investment, Identifier [Axis]: Debt Investment, Specialty Retail, D&D Buyer, LLC., Acquisition Date - 10/04/23, Investment - Delayed Draw Term Loan - 10.42% (SOFR + 6.50%, 2.00% Floor), % of Net Assets – 0.7%, Maturity Date - 10/04/28    
Percentage of Investments [1]   0.70%
Investment, Identifier [Axis]: Debt Investment, Specialty Retail, D&D Buyer, LLC., Acquisition Date - 10/04/23, Investment - Revolver - 10.27% (SOFR + 6.50%, 2.00% Floor), % of Net Assets – 0.3%, Maturity Date - 10/04/28    
Percentage of Investments [1]   0.30%
Investment, Identifier [Axis]: Debt Investment, Specialty Retail, D&D Buyer, LLC., Acquisition Date - 10/04/23, Investment - Term Loan - 10.27% (SOFR + 6.50%, 2.00% Floor), % of Net Assets – 2.9%, Maturity Date - 10/04/28    
Percentage of Investments [1]   2.90%
Investment, Identifier [Axis]: Debt Investment, Trading Companies & Distributors, Cinelease, LLC, Acquisition Date 08/07/25 Investment ABL Term Loan - 11.12% (SOFR + 7.50%, 2.50% Floor) % of Net Assets 1.5% Maturity Date 07/31/30    
Percentage of Investments [2] 1.50%  
Investment, Identifier [Axis]: Debt Investment, Trading Companies & Distributors, Cinelease, LLC, Acquisition Date 08/07/25 Investment ABL Term Loan - 11.82% (SOFR + 7.50%, 2.50% Floor) % of Net Assets 1.4% Maturity Date 07/31/30    
Percentage of Investments [1]   1.40%
Investment, Identifier [Axis]: Debt Investment, Transportation Infrastructure, CG Buyer, LLC, Acquisition Date 07/19/23 Investment Delayed Draw Term Loan - 10.22% (SOFR + 6.50%, 1.50% Floor) % of Net Assets 0.1% Maturity Date 07/19/28    
Percentage of Investments [1]   0.10%
Investment, Identifier [Axis]: Debt Investment, Transportation Infrastructure, CG Buyer, LLC, Acquisition Date 07/19/23 Investment Delayed Draw Term Loan - 9.64% (SOFR + 6.00%, 1.50% Floor) % of Net Assets 0.1% Maturity Date 07/19/28    
Percentage of Investments [2] 0.10%  
Investment, Identifier [Axis]: Debt Investment, Transportation Infrastructure, CG Buyer, LLC, Acquisition Date 07/19/23 Investment Term Loan - 9.64% (SOFR + 6.00%, 1.50% Floor) % of Net Assets 2.3% Maturity Date 07/19/28    
Percentage of Investments [2] 2.30%  
Investment, Identifier [Axis]: Debt Investment, Transportation Infrastructure, CG Buyer, LLC., Acquisition Date - 07/19/23, Investment -Term Loan - 10.22% (SOFR + 6.50%, 1.50% Floor), % of Net Assets – 2.5%, Maturity Date - 07/19/28    
Percentage of Investments [1]   2.50%
Investment, Identifier [Axis]: Equity Investment , Commercial Services & Supplies, CSAT Investment Holdings LLC , Acquisition Date - 03/05/25 Investment Warrant, expires 3/5/32 % of Net Assets – 0.2%    
Percentage of Investments [1],[4],[5]   0.20%
Investment, Identifier [Axis]: Equity Investment, Automobile Components SUP Parent Holdings, LLC Acquisition Date - 08/13/25 Investment Common Units % of Net Assets – 0.8%    
Percentage of Investments [1],[4],[5]   0.80%
Investment, Identifier [Axis]: Equity Investment, Automobile Components SUP Parent Holdings, LLC, Acquisition Date - 12/08/25 Investment Common Units % of Net Assets – 0.7%    
Percentage of Investments [6],[7] 0.70%  
Investment, Identifier [Axis]: Equity Investment, Commercial Services & Supplies, CSAT Investment Holdings LLC, Acquisition Date - 03/05/25 Investment Warrant, expires 3/1/32 % of Net Assets – 0.0%    
Percentage of Investments [6],[7] 0.00%  
Investment, Identifier [Axis]: Equity Investment, Energy Equipment & Services HydroSource Logistics, LLC Acquisition Date - 04/05/24 Investment Warrant, expires 4/4/34 % of Net Assets – 2.5%    
Percentage of Investments [1],[4],[5]   2.50%
Investment, Identifier [Axis]: Equity Investment, Energy Equipment & Services, EagleRock Land LLC, Acquisition Date - 05/15/26 Investment Class A Units % of Net Assets – 6.8%    
Percentage of Investments [6],[7],[8],[9],[10] 6.80%  
Investment, Identifier [Axis]: Equity Investment, Oil, Gas & Consumable Fuels, HydroSource Holdings, LLC, Acquisition Date - 04/30/26 Investment Warrant, expires 4/30/36 % of Net Assets – 0.1%    
Percentage of Investments [6],[7],[10] 0.10%  
Investment, Identifier [Axis]: Equity Investment, Trading Companies & Distributors Cinelease, LLC. Acquisition Date - 08/07/25 Investment Warrant, expires 7/31/35 % of Net Assets – 0.0%    
Percentage of Investments 0.00% [6],[7] 0.00% [1],[4],[5]
[1] Certain debt investments are subject to contractual restrictions on resale, such as approval of the agent or borrower.
[2] Certain debt investments are subject to contractual restrictions on resale, such as approval of the agent or borrower.
[3] A portion of such investment is used as collateral for the Company's secured borrowing. See Note 7.
[4] All or a portion of such security was acquired in a transaction exempt from registration under the Securities Act, and may be deemed “restricted securities” under the Securities Act. As of December 31, 2025, the aggregate fair value of these securities was $7,261,709, or 3.4% of the Company’s total assets.
[5] Non-income producing.
[6] All or a portion of such security was acquired in a transaction exempt from registration under the Securities Act of 1933 as amended (the “Securities Act”), and may be deemed “restricted securities” under the Securities Act. As of June 30, 2026, the aggregate fair value of these securities was $16,653,409, or 7.2% of the Company’s total assets.
[7] Non-income producing.
[8] Fair value of the EagleRock Land LLC Class A Units held by the Company is based on the market price of the issuer's stock as of June 30, 2026. Such units are considered to be a Level 1 security within the Fair Value Hierarchy.
[9] The EagleRock LLC Class A Units are subject to a contractual sale restriction. See Note 3.
[10] The investment is not a qualifying asset as defined in Section 55(a) under the 1940 Act, as amended. A business development company may not acquire an asset other than qualifying assets, unless, at the time the acquisition is made, qualifying assets represent at least 70% of the company’s total assets. As of June 30, 2026, $14,888,494 or 6.4% of the Company’s total assets were represented by “non-qualifying assets.”