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        <name>Sapphire Telecom, Inc.</name>
        <lei>N/A</lei>
        <title>Sapphire Telecom, Inc.</title>
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        <lei>N/A</lei>
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        <lei>N/A</lei>
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        <name>Revalize, Inc.</name>
        <lei>N/A</lei>
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        <name>Revalize, Inc.</name>
        <lei>N/A</lei>
        <title>Revalize Inc. (f/k/a AQ Holdco Inc.)</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <lei>N/A</lei>
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        <lei>N/A</lei>
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        <name>Randys Holdings, Inc.</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
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          <other otherDesc="USER DEFINED" value="510024"/>
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        <name>Refresh Buyer, LLC</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <invCountry>US</invCountry>
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        <name>Redwood Services Group, LLC</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Promptcare Infusion Buyer, Inc.</name>
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          <other otherDesc="USER DEFINED" value="451181"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <other otherDesc="USER DEFINED" value="453413"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>Promptcare Infusion Buyer, Inc.</name>
        <lei>N/A</lei>
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          <other otherDesc="USER DEFINED" value="593624"/>
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        <invCountry>US</invCountry>
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        <name>Performance Packaging Buyer, LLC</name>
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        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Pelican Products, Inc.</name>
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        <name>Ovation Holdings, Inc.</name>
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        <title>Ovation Holdings, Inc.</title>
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          <other otherDesc="USER DEFINED" value="624845"/>
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        <invCountry>US</invCountry>
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        <name>Ovation Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Ovation Holdings, Inc.</title>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
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        <name>MPG Parent Holdings, LLC</name>
        <lei>N/A</lei>
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      </invstOrSec>
      <invstOrSec>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Naturpak PPC Buyer LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="USER DEFINED" value="684155"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Motion &amp; Control Enterprises LLC</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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      <invstOrSec>
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      <invstOrSec>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <assetCat>LON</assetCat>
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      <invstOrSec>
        <name>Mobile Communications America, Inc.</name>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MEI Buyer LLC</name>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Matador US Buyer, LLC</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Nellson Nutraceutical, LLC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Lavie Group, Inc.</name>
        <lei>N/A</lei>
        <title>Lavie Group, Inc.</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
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        <name>Java Buyer, Inc.</name>
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        <title>ISG Enterprises, LLC (Industrial Service Group)</title>
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        <invCountry>US</invCountry>
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        <name>HMN Acquirer Corp.</name>
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        <name>Excel Fitness Consolidator LLC</name>
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        <name>FSK Pallet Holding Corp.</name>
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        <name>Exterro, Inc.</name>
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        <name>Dermatology Intermediate Holdings III, Inc.</name>
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        <name>Bradford Soap International, Inc.</name>
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      <invstOrSec>
        <name>Commercial Bakeries Corp.</name>
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      <invstOrSec>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Revalize, Inc.</name>
        <lei>N/A</lei>
        <title>Revalize Inc. (f/k/a AQ Holdco Inc.)</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMS Parent, LLC</name>
        <lei>5493004M3F4OKJJF8C36</lei>
        <title>AMS Parent, LLC (All My Sons)</title>
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        <name>360 Holdco, Inc.</name>
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        <name>Delphi Infrastructure Group LLC</name>
        <lei>N/A</lei>
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        <name>Commercial Bakeries Corp.</name>
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          <other otherDesc="USER DEFINED" value="646931"/>
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        <name>CLS Management Services, LLC (Contract Land Staff)</name>
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      <invstOrSec>
        <name>Clean Solutions Buyer, Inc.</name>
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        <name>RMS Energy Borrower LLC</name>
        <lei>N/A</lei>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.0816339</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENG Acquisition, Inc.</name>
        <lei>N/A</lei>
        <title>KENG Acquisition, Inc. (Engage PEO)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="USER DEFINED" value="606245"/>
        </identifiers>
        <balance>2830074.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2779132.310000000000</valUSD>
        <pctVal>0.4181058718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.0816339</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENG Acquisition, Inc.</name>
        <lei>254900M9UDPHF0WBBF35</lei>
        <title>KENG Acquisition, Inc. (Engage PEO)</title>
        <cusip>48889EAC8</cusip>
        <identifiers>
          <isin value="US48889EAC84"/>
          <other otherDesc="USER DEFINED" value="554361"/>
        </identifiers>
        <balance>4428381.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4348670.620000000000</valUSD>
        <pctVal>0.6542346740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.0816339</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Valuation bring-down procedures not performed for intra-quarter months (in accordance with General Instruction G to Form N-PORT)." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-13</ncom:dateSigned>
      <ncom:nameOfApplicant>NC SLF INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Marissa Hassen</ncom:signature>
      <ncom:signerName>Marissa Hassen</ncom:signerName>
      <ncom:title>Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
