| Schedule of Significant Contractual Payment Obligations |
The following table summarizes the Fund's significant contractual payment obligations as of June 30, 2026 and December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment |
|
Investment Type |
|
Index |
|
Spread |
|
Interest Rate |
|
Maturity |
|
Industry |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
VC3 |
|
Unitranche DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
3/12/2029 |
|
IT Services |
|
$ |
15,000,000 |
|
|
$ |
15,000,000 |
|
Southeast Lineman Training Center |
|
1st Lien DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
1/3/2030 |
|
Diversified Consumer Services |
|
|
10,000,000 |
|
|
|
10,000,000 |
|
HeartLand |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
12/12/2029 |
|
Commercial Services & Supplies |
|
|
6,092,432 |
|
|
|
6,092,431 |
|
TechData |
|
1st Lien Term Loan |
|
S+ |
|
5.00% |
|
8.73% |
|
7/1/2032 |
|
Life Sciences Tools & Services |
|
|
6,051,725 |
|
|
|
— |
|
Radwell |
|
Unitranche DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
4/1/2030 |
|
Trading Companies & Distributors |
|
|
5,828,571 |
|
|
|
— |
|
HR Green |
|
1st Lien DDTL |
|
S+ |
|
5.25% |
|
8.98% |
|
1/28/2030 |
|
Construction & Engineering |
|
|
5,577,515 |
|
|
|
2,788,758 |
|
Proceed |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.18% |
|
12/31/2049 |
|
Professional Services |
|
|
5,000,000 |
|
|
|
— |
|
Kept |
|
1st Lien DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
4/30/2029 |
|
Commercial Services & Supplies |
|
|
4,730,632 |
|
|
|
— |
|
Klick Health |
|
Unitranche DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
11/5/2032 |
|
Media |
|
|
4,080,000 |
|
|
|
— |
|
EPIC Insurance 2021 |
|
Unitranche DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
9/29/2028 |
|
Insurance |
|
|
4,000,000 |
|
|
|
— |
|
Specialized Dental |
|
1st Lien DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
11/1/2028 |
|
Health Care Providers & Services |
|
|
3,644,860 |
|
|
|
3,644,860 |
|
EIS |
|
1st Lien DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
11/5/2031 |
|
Trading Companies & Distributors |
|
|
3,500,000 |
|
|
|
— |
|
AIS Healthcare |
|
1st Lien DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
6/4/2032 |
|
Health Care Providers & Services |
|
|
3,495,146 |
|
|
|
— |
|
Prime Pensions |
|
Unitranche DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
2/26/2030 |
|
Professional Services |
|
|
3,444,911 |
|
|
|
3,444,911 |
|
Lighthouse |
|
Unitranche Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
12/31/2029 |
|
Professional Services |
|
|
3,440,538 |
|
|
|
3,440,538 |
|
Vessco Water |
|
Unitranche DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
7/24/2031 |
|
Water Utilities |
|
|
3,158,722 |
|
|
|
3,158,722 |
|
Med Tech Solutions |
|
Unitranche DDTL |
|
S+ |
|
5.25% |
|
8.98% |
|
6/3/2032 |
|
IT Services |
|
|
3,073,074 |
|
|
|
3,073,074 |
|
Argano |
|
1st Lien DDTL |
|
S+ |
|
5.50% |
|
9.23% |
|
9/13/2029 |
|
Internet Software & Services |
|
|
3,027,327 |
|
|
|
5,000,000 |
|
SavATree |
|
Unitranche DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
6/6/2031 |
|
Commercial Services & Supplies |
|
|
2,805,600 |
|
|
|
3,000,000 |
|
Allworth Financial |
|
Unitranche DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
6/30/2033 |
|
Capital Markets |
|
|
2,768,740 |
|
|
|
— |
|
Alcresta |
|
1st Lien DDTL |
|
S+ |
|
5.25% |
|
8.98% |
|
3/12/2031 |
|
Health Care Equipment & Supplies |
|
|
2,753,588 |
|
|
|
4,457,239 |
|
Kalkomey |
|
Unitranche Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
6/18/2031 |
|
Diversified Consumer Services |
|
|
2,748,599 |
|
|
|
2,748,599 |
|
PayByPhone |
|
Unitranche DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
3/31/2033 |
|
Software |
|
|
2,666,667 |
|
|
|
— |
|
Allyant |
|
Unitranche Revolver |
|
S+ |
|
6.00% |
|
9.73% |
|
10/30/2026 |
|
Software |
|
|
2,576,812 |
|
|
|
2,576,812 |
|
Ascend Partner Services |
|
1st Lien DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
8/11/2031 |
|
Financial Services |
|
|
2,569,143 |
|
|
|
4,774,857 |
|
MB2 Dental Solutions |
|
Unitranche DDTL |
|
S+ |
|
5.50% |
|
9.23% |
|
2/13/2031 |
|
Health Care Providers & Services |
|
|
2,512,904 |
|
|
|
— |
|
Summit Spine & Joint Centers |
|
Unitranche DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
3/25/2031 |
|
Health Care Providers & Services |
|
|
2,499,627 |
|
|
|
3,787,313 |
|
Dane Street |
|
1st Lien DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
3/28/2033 |
|
Health Care Providers & Services |
|
|
2,430,000 |
|
|
|
— |
|
Foundation Source |
|
1st Lien Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
9/6/2029 |
|
Professional Services |
|
|
2,405,025 |
|
|
|
2,319,131 |
|
Aprio |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
8/1/2031 |
|
Financial Services |
|
|
2,331,710 |
|
|
|
2,500,000 |
|
Cherry Bekaert |
|
Unitranche Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
6/28/2030 |
|
Professional Services |
|
|
2,331,260 |
|
|
|
2,331,260 |
|
TechData |
|
1st Lien DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
6/23/2032 |
|
Life Sciences Tools & Services |
|
|
2,327,586 |
|
|
|
— |
|
Frazier & Deeter |
|
1st Lien DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
5/3/2032 |
|
Financial Services |
|
|
2,205,000 |
|
|
|
— |
|
USMed-Equip |
|
Unitranche Revolver |
|
S+ |
|
5.75% |
|
9.48% |
|
5/24/2029 |
|
Health Care Equipment & Supplies |
|
|
2,148,687 |
|
|
|
2,335,530 |
|
Beacon Communications |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
4/2/2032 |
|
Commercial Services & Supplies |
|
|
2,083,333 |
|
|
|
— |
|
TRG Solutions |
|
Unitranche DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
1/5/2032 |
|
Electronic Equipment, Instruments & Components |
|
|
2,064,000 |
|
|
|
— |
|
Proceed |
|
Unitranche DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
3/31/2032 |
|
Professional Services |
|
|
1,958,333 |
|
|
|
— |
|
Taymax Group |
|
1st Lien Revolver |
|
S+ |
|
5.18% |
|
8.92% |
|
7/30/2027 |
|
Hotels, Restaurants & Leisure |
|
|
1,958,044 |
|
|
|
1,664,338 |
|
SIAA (Alliance Holdings) |
|
Unitranche Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
4/30/2030 |
|
Insurance |
|
|
1,908,750 |
|
|
|
1,908,750 |
|
Eagle Fire |
|
1st Lien DDTL |
|
S+ |
|
4.25% |
|
7.98% |
|
7/15/2032 |
|
Commercial Services & Supplies |
|
|
1,908,491 |
|
|
|
2,204,644 |
|
Clearway Pain Solutions |
|
1st Lien DDTL |
|
S+ |
|
5.50% |
|
9.23% |
|
8/30/2030 |
|
Health Care Providers & Services |
|
|
1,897,536 |
|
|
|
2,041,536 |
|
GRVTY |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
5/28/2033 |
|
Aerospace & Defense |
|
|
1,896,552 |
|
|
|
— |
|
Magna Legal Services |
|
1st Lien Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
11/22/2028 |
|
Professional Services |
|
|
1,859,558 |
|
|
|
— |
|
O6 Environmental |
|
1st Lien DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
8/5/2032 |
|
Commercial Services & Supplies |
|
|
1,854,756 |
|
|
|
1,854,756 |
|
Centre Technologies |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
6/22/2033 |
|
IT Services |
|
|
1,843,750 |
|
|
|
— |
|
Apex Service Partners |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
10/24/2030 |
|
Trading Companies & Distributors |
|
|
1,840,909 |
|
|
|
3,000,000 |
|
Super-Sod |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
3/10/2032 |
|
Diversified Consumer Services |
|
|
1,818,182 |
|
|
|
— |
|
PKWARE |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
6/3/2030 |
|
Software |
|
|
1,807,229 |
|
|
|
1,807,229 |
|
Power Digital |
|
Unitranche Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
3/11/2030 |
|
Internet Software & Services |
|
|
1,802,539 |
|
|
|
1,597,705 |
|
80/20 |
|
Unitranche DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
12/13/2032 |
|
Machinery |
|
|
1,714,286 |
|
|
|
1,714,286 |
|
FMG Suite |
|
Unitranche DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
9/9/2032 |
|
Software |
|
|
1,698,113 |
|
|
|
1,698,113 |
|
Scruggs Company |
|
1st Lien DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
4/23/2032 |
|
Water Utilities |
|
|
1,685,393 |
|
|
|
— |
|
PayByPhone |
|
Unitranche Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
3/31/2033 |
|
Software |
|
|
1,666,667 |
|
|
|
— |
|
Summit Spine & Joint Centers |
|
Unitranche Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
3/25/2031 |
|
Health Care Providers & Services |
|
|
1,628,545 |
|
|
|
1,780,037 |
|
Voeller Mixers |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
11/25/2032 |
|
Machinery |
|
|
1,627,907 |
|
|
|
1,627,907 |
|
O6 Environmental |
|
1st Lien Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
8/5/2032 |
|
Commercial Services & Supplies |
|
|
1,622,911 |
|
|
|
1,622,911 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment |
|
Investment Type |
|
Index |
|
Spread |
|
Interest Rate |
|
Maturity |
|
Industry |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Ned Stevens |
|
Unitranche Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
11/1/2029 |
|
Commercial Services & Supplies |
|
$ |
1,538,560 |
|
|
$ |
1,538,560 |
|
Avalon |
|
1st Lien Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
12/31/2031 |
|
Health Care Technology |
|
|
1,500,000 |
|
|
|
1,500,000 |
|
Clearway Pain Solutions |
|
1st Lien Revolver |
|
S+ |
|
5.50% |
|
9.23% |
|
8/30/2030 |
|
Health Care Providers & Services |
|
|
1,457,398 |
|
|
|
1,457,398 |
|
Super-Sod |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
3/10/2032 |
|
Diversified Consumer Services |
|
|
1,454,545 |
|
|
|
— |
|
Riccobene Associates Family Dentistry |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
10/31/2030 |
|
Health Care Providers & Services |
|
|
1,449,256 |
|
|
|
1,977,808 |
|
Lindsay Precast |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
12/16/2032 |
|
Construction & Engineering |
|
|
1,448,276 |
|
|
|
— |
|
Steward Partners |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
10/14/2028 |
|
Capital Markets |
|
|
1,388,889 |
|
|
|
1,388,889 |
|
TRG Solutions |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
1/5/2032 |
|
Electronic Equipment, Instruments & Components |
|
|
1,380,000 |
|
|
|
— |
|
TryStar |
|
1st Lien Revolver |
|
S+ |
|
4.25% |
|
7.98% |
|
8/6/2031 |
|
Electrical Equipment |
|
|
1,333,333 |
|
|
|
— |
|
Lindsay Precast |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
12/16/2032 |
|
Construction & Engineering |
|
|
1,327,586 |
|
|
|
— |
|
SavATree |
|
Unitranche Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
6/6/2031 |
|
Commercial Services & Supplies |
|
|
1,291,436 |
|
|
|
1,434,928 |
|
Modern Wealth |
|
1st Lien DDTL |
|
S+ |
|
5.25% |
|
8.98% |
|
8/27/2032 |
|
Capital Markets |
|
|
1,283,333 |
|
|
|
— |
|
Avita Pharmacy |
|
Unitranche Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
8/6/2030 |
|
Consumer Staples Distribution & Retail |
|
|
1,269,231 |
|
|
|
1,269,231 |
|
SupplyHouse |
|
1st Lien Revolver |
|
S+ |
|
4.00% |
|
7.73% |
|
7/1/2032 |
|
Trading Companies & Distributors |
|
|
1,250,000 |
|
|
|
1,250,000 |
|
AmpliFi |
|
1st Lien Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
4/23/2030 |
|
Financial Services |
|
|
1,202,512 |
|
|
|
1,202,512 |
|
Certified Collision Group |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
12/30/2032 |
|
Commercial Services & Supplies |
|
|
1,195,848 |
|
|
|
— |
|
Russell Landscape Group |
|
1st Lien DDTL |
|
S+ |
|
5.50% |
|
9.23% |
|
4/11/2030 |
|
Commercial Services & Supplies |
|
|
1,188,119 |
|
|
|
— |
|
Gallo Mechanical |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
8/2/2032 |
|
Construction & Engineering |
|
|
1,172,002 |
|
|
|
1,172,002 |
|
80/20 |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
12/13/2032 |
|
Machinery |
|
|
1,142,857 |
|
|
|
1,142,857 |
|
Industrial Electric Manufacturing |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
12/3/2031 |
|
Electrical Equipment |
|
|
1,137,160 |
|
|
|
1,137,160 |
|
AGS Health |
|
Unitranche DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
8/2/2032 |
|
Health Care Technology |
|
|
1,136,400 |
|
|
|
1,136,400 |
|
Dane Street |
|
1st Lien Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
3/28/2033 |
|
Health Care Providers & Services |
|
|
1,125,000 |
|
|
|
— |
|
USG Water Solutions |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
5/20/2032 |
|
Water Utilities |
|
|
1,120,690 |
|
|
|
— |
|
APT Healthcare |
|
Unitranche DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
9/30/2031 |
|
Health Care Providers & Services |
|
|
1,111,111 |
|
|
|
1,111,111 |
|
APT Healthcare |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
9/30/2031 |
|
Health Care Providers & Services |
|
|
1,111,111 |
|
|
|
1,111,111 |
|
Levata |
|
1st Lien DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
12/21/2027 |
|
Trading Companies & Distributors |
|
|
1,104,449 |
|
|
|
1,104,449 |
|
Embark |
|
1st Lien DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
9/2/2032 |
|
Financial Services |
|
|
1,080,000 |
|
|
|
3,600,000 |
|
Aqualis |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
4/19/2032 |
|
Commercial Services & Supplies |
|
|
1,063,830 |
|
|
|
— |
|
Repario |
|
1st Lien DDTL |
|
S+ |
|
5.25% |
|
8.98% |
|
6/4/2032 |
|
Professional Services |
|
|
1,050,000 |
|
|
|
— |
|
Prime Pensions |
|
Unitranche Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
2/26/2030 |
|
Professional Services |
|
|
1,047,086 |
|
|
|
1,047,086 |
|
Modern Wealth |
|
1st Lien DDTL |
|
S+ |
|
5.25% |
|
8.98% |
|
8/27/2032 |
|
Capital Markets |
|
|
1,045,000 |
|
|
|
— |
|
Voeller Mixers |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
11/25/2032 |
|
Machinery |
|
|
1,031,008 |
|
|
|
1,302,326 |
|
Brown & Root |
|
1st Lien Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
10/3/2030 |
|
Commercial Services & Supplies |
|
|
1,029,193 |
|
|
|
964,286 |
|
FMG Suite |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
9/9/2032 |
|
Software |
|
|
1,018,868 |
|
|
|
1,018,868 |
|
BBB Industries |
|
1st Lien DDTL |
|
S+ |
|
6.00% |
|
9.73% |
|
7/25/2029 |
|
Automobile Components |
|
|
1,000,000 |
|
|
|
— |
|
Gallo Mechanical |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
8/2/2032 |
|
Construction & Engineering |
|
|
996,202 |
|
|
|
1,523,603 |
|
Merchant Industry & Valor PayTech |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
9/19/2031 |
|
Financial Services |
|
|
970,654 |
|
|
|
1,223,671 |
|
Dragonfly Health |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
6/30/2033 |
|
Health Care Equipment & Supplies |
|
|
961,538 |
|
|
|
— |
|
Dragonfly Health |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
6/30/2033 |
|
Health Care Equipment & Supplies |
|
|
961,538 |
|
|
|
— |
|
GRVTY |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
5/28/2033 |
|
Aerospace & Defense |
|
|
948,276 |
|
|
|
— |
|
Eagle Fire |
|
1st Lien Revolver |
|
S+ |
|
4.25% |
|
7.98% |
|
7/15/2032 |
|
Commercial Services & Supplies |
|
|
942,308 |
|
|
|
942,308 |
|
Allworth Financial |
|
Unitranche Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
6/30/2033 |
|
Capital Markets |
|
|
922,913 |
|
|
|
— |
|
Med Tech Solutions |
|
Unitranche Revolver |
|
S+ |
|
5.25% |
|
8.98% |
|
6/3/2032 |
|
IT Services |
|
|
921,922 |
|
|
|
921,922 |
|
Unison Global |
|
Unitranche DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
9/19/2028 |
|
Software |
|
|
913,146 |
|
|
|
913,146 |
|
AIA Contract Documents |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
7/2/2031 |
|
Software |
|
|
909,092 |
|
|
|
909,092 |
|
Tronair 2025 |
|
1st Lien Revolver |
|
S+ |
|
3.75% |
|
7.48% |
|
12/22/2032 |
|
Aerospace & Defense |
|
|
900,000 |
|
|
|
900,000 |
|
Embark |
|
1st Lien Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
9/2/2032 |
|
Financial Services |
|
|
900,000 |
|
|
|
864,000 |
|
RailPros |
|
Unitranche DDTL |
|
S+ |
|
4.25% |
|
7.98% |
|
5/24/2032 |
|
Construction & Engineering |
|
|
884,211 |
|
|
|
1,263,158 |
|
Riccobene Associates Family Dentistry |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
10/31/2030 |
|
Health Care Providers & Services |
|
|
852,503 |
|
|
|
852,503 |
|
Sequel Ortho (fka OrthoNebraska) |
|
Unitranche Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
7/31/2028 |
|
Health Care Providers & Services |
|
|
850,540 |
|
|
|
945,045 |
|
Forged Solutions |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
2/25/2033 |
|
Metals & Mining |
|
|
833,333 |
|
|
|
— |
|
Beacon Communications |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
4/2/2032 |
|
Commercial Services & Supplies |
|
|
833,333 |
|
|
|
— |
|
OB Hospitalist Group 2026 |
|
1st Lien Revolver |
|
S+ |
|
5.50% |
|
9.23% |
|
1/31/2031 |
|
Health Care Providers & Services |
|
|
826,848 |
|
|
|
— |
|
Healthcare Linen Services Group |
|
Unitranche Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
2/2/2033 |
|
Commercial Services & Supplies |
|
|
805,970 |
|
|
|
— |
|
USG Water Solutions |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
5/20/2032 |
|
Water Utilities |
|
|
801,259 |
|
|
|
— |
|
A1 Garage Door Service |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
12/22/2028 |
|
Construction & Engineering |
|
|
788,740 |
|
|
|
788,740 |
|
Cerity Partners |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
7/28/2031 |
|
Capital Markets |
|
|
765,864 |
|
|
|
1,237,164 |
|
Corestream |
|
1st Lien Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
6/27/2033 |
|
Professional Services |
|
|
751,503 |
|
|
|
— |
|
AIS Healthcare |
|
1st Lien Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
6/4/2032 |
|
Health Care Providers & Services |
|
|
736,311 |
|
|
|
— |
|
Accurate Neuromonitoring |
|
Unitranche DDTL |
|
S+ |
|
5.50% |
|
9.23% |
|
3/13/2031 |
|
Health Care Providers & Services |
|
|
727,273 |
|
|
|
— |
|
Apex Companies |
|
1st Lien DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
1/31/2030 |
|
Commercial Services & Supplies |
|
|
726,000 |
|
|
|
1,000,000 |
|
Aptive Environmental |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
10/15/2032 |
|
Diversified Consumer Services |
|
|
716,279 |
|
|
|
852,713 |
|
Denali Water Solutions 2025 |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
11/19/2032 |
|
Commercial Services & Supplies |
|
|
682,692 |
|
|
|
735,577 |
|
MDpanel |
|
Unitranche Revolver |
|
S+ |
|
6.50% |
|
10.23% |
|
8/2/2029 |
|
Health Care Providers & Services |
|
|
680,354 |
|
|
|
680,354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment |
|
Investment Type |
|
Index |
|
Spread |
|
Interest Rate |
|
Maturity |
|
Industry |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Allied Power Group |
|
Unitranche DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
5/16/2030 |
|
Energy Equipment & Services |
|
$ |
676,692 |
|
|
$ |
— |
|
Scruggs Company |
|
1st Lien Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
4/23/2032 |
|
Water Utilities |
|
|
674,157 |
|
|
|
— |
|
PlayPower 2025 |
|
Unitranche Revolver |
|
S+ |
|
5.50% |
|
9.23% |
|
10/29/2030 |
|
Leisure Products |
|
|
663,077 |
|
|
|
795,692 |
|
RailPros |
|
Unitranche Revolver |
|
S+ |
|
4.25% |
|
7.98% |
|
5/24/2032 |
|
Construction & Engineering |
|
|
662,309 |
|
|
|
662,309 |
|
API Technologies 2026 |
|
1st Lien DDTL |
|
S+ |
|
5.50% |
|
9.23% |
|
6/3/2033 |
|
Aerospace & Defense |
|
|
652,200 |
|
|
|
— |
|
API Technologies 2026 |
|
1st Lien Revolver |
|
S+ |
|
5.50% |
|
9.23% |
|
6/3/2033 |
|
Aerospace & Defense |
|
|
652,200 |
|
|
|
— |
|
Palmdale Oil |
|
Unitranche DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
12/12/2031 |
|
Oil, Gas & Consumable Fuels |
|
|
652,174 |
|
|
|
652,174 |
|
Novvia Group |
|
Unitranche Revolver |
|
S+ |
|
5.25% |
|
8.98% |
|
1/31/2031 |
|
Containers & Packaging |
|
|
642,038 |
|
|
|
731,210 |
|
Legacy Service Partners |
|
1st Lien DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
6/17/2032 |
|
Construction & Engineering |
|
|
632,848 |
|
|
|
659,217 |
|
AGS Health |
|
Unitranche DDTL |
|
S+ |
|
4.50% |
|
8.23% |
|
8/2/2032 |
|
Health Care Technology |
|
|
625,050 |
|
|
|
625,050 |
|
TechData |
|
1st Lien Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
7/1/2032 |
|
Life Sciences Tools & Services |
|
|
620,690 |
|
|
|
— |
|
Cornerstone Caregiving |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
4/1/2032 |
|
Health Care Providers & Services |
|
|
615,385 |
|
|
|
— |
|
Specialized Dental |
|
1st Lien Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
11/1/2028 |
|
Health Care Providers & Services |
|
|
607,477 |
|
|
|
607,477 |
|
GoldenSource |
|
Unitranche Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
5/12/2028 |
|
IT Services |
|
|
602,498 |
|
|
|
602,498 |
|
Vessco Water |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
7/24/2031 |
|
Water Utilities |
|
|
592,308 |
|
|
|
592,308 |
|
Allied Power Group |
|
Unitranche Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
5/16/2030 |
|
Energy Equipment & Services |
|
|
576,405 |
|
|
|
1,200,844 |
|
Encore |
|
1st Lien Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
12/5/2029 |
|
Media |
|
|
556,640 |
|
|
|
— |
|
Leaf Home |
|
1st Lien Revolver |
|
S+ |
|
5.25% |
|
8.98% |
|
9/4/2031 |
|
Building Products |
|
|
555,000 |
|
|
|
660,000 |
|
HeartLand |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
12/12/2029 |
|
Commercial Services & Supplies |
|
|
548,460 |
|
|
|
863,533 |
|
VaxCare |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
6/17/2032 |
|
Health Care Technology |
|
|
540,000 |
|
|
|
666,667 |
|
Industrial Service Group |
|
Unitranche Revolver |
|
S+ |
|
5.75% |
|
9.48% |
|
12/7/2028 |
|
Commercial Services & Supplies |
|
|
517,260 |
|
|
|
596,839 |
|
Precision Concepts |
|
Unitranche Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
8/2/2032 |
|
Containers & Packaging |
|
|
510,001 |
|
|
|
564,714 |
|
Centre Technologies |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
6/22/2033 |
|
IT Services |
|
|
468,750 |
|
|
|
— |
|
Mitratech |
|
Unitranche DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
12/2/2031 |
|
Software |
|
|
458,716 |
|
|
|
458,716 |
|
RotoCo |
|
1st Lien Revolver |
|
S+ |
|
5.50% |
|
9.23% |
|
6/30/2028 |
|
Diversified Consumer Services |
|
|
451,045 |
|
|
|
451,045 |
|
Aptive Environmental |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
10/15/2032 |
|
Diversified Consumer Services |
|
|
426,357 |
|
|
|
426,357 |
|
Tribute Technology |
|
Unitranche Revolver |
|
S+ |
|
6.50% |
|
10.23% |
|
10/30/2028 |
|
Software |
|
|
424,232 |
|
|
|
518,506 |
|
Accurate Neuromonitoring |
|
Unitranche Revolver |
|
S+ |
|
5.50% |
|
9.23% |
|
3/13/2031 |
|
Health Care Providers & Services |
|
|
412,121 |
|
|
|
— |
|
Dun & Bradstreet |
|
Unitranche Revolver |
|
S+ |
|
5.50% |
|
9.23% |
|
8/26/2032 |
|
Internet Software & Services |
|
|
410,000 |
|
|
|
500,000 |
|
Merchant Industry & Valor PayTech |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
9/19/2031 |
|
Financial Services |
|
|
399,375 |
|
|
|
252,938 |
|
AGS Health |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
8/2/2032 |
|
Health Care Technology |
|
|
397,800 |
|
|
|
397,800 |
|
Russell Landscape Group |
|
1st Lien Revolver |
|
S+ |
|
5.50% |
|
9.23% |
|
4/11/2030 |
|
Commercial Services & Supplies |
|
|
389,371 |
|
|
|
282,401 |
|
Kept |
|
1st Lien Revolver |
|
S+ |
|
5.25% |
|
8.98% |
|
4/30/2029 |
|
Commercial Services & Supplies |
|
|
381,818 |
|
|
|
— |
|
Trace3 2025 |
|
Unitranche DDTL |
|
S+ |
|
4.00% |
|
7.73% |
|
10/29/2032 |
|
IT Services |
|
|
380,952 |
|
|
|
380,952 |
|
Mitratech |
|
Unitranche Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
12/2/2031 |
|
Software |
|
|
366,972 |
|
|
|
366,972 |
|
Alcresta |
|
Unitranche Revolver |
|
S+ |
|
5.25% |
|
8.98% |
|
3/12/2031 |
|
Health Care Equipment & Supplies |
|
|
344,323 |
|
|
|
419,176 |
|
Aqualis |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
4/19/2032 |
|
Commercial Services & Supplies |
|
|
319,149 |
|
|
|
— |
|
Pond |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
12/12/2032 |
|
Construction & Engineering |
|
|
313,158 |
|
|
|
— |
|
Steward Partners |
|
1st Lien DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
10/14/2028 |
|
Capital Markets |
|
|
300,000 |
|
|
|
9,716,667 |
|
AGS Health |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
8/2/2032 |
|
Health Care Technology |
|
|
227,250 |
|
|
|
227,250 |
|
Proceed |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
3/31/2032 |
|
Professional Services |
|
|
208,333 |
|
|
|
— |
|
MBC Companies |
|
1st Lien DDTL |
|
S+ |
|
3.75% |
|
7.48% |
|
7/7/2028 |
|
Food Products |
|
|
196,822 |
|
|
|
— |
|
MBC Companies |
|
1st Lien Revolver |
|
S+ |
|
3.50% |
|
7.23% |
|
7/7/2028 |
|
Food Products |
|
|
195,599 |
|
|
|
— |
|
National Trench Safety |
|
Unitranche Revolver |
|
S+ |
|
5.50% |
|
9.23% |
|
12/4/2028 |
|
Construction & Engineering |
|
|
154,835 |
|
|
|
812,883 |
|
Capital Consultants Management Corporation |
|
Unitranche DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
11/3/2031 |
|
Commercial Services & Supplies |
|
|
150,451 |
|
|
|
2,208,451 |
|
Healthcare Linen Services Group |
|
Unitranche DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
2/2/2033 |
|
Commercial Services & Supplies |
|
|
142,388 |
|
|
|
— |
|
R.F. Fager |
|
1st Lien Revolver |
|
S+ |
|
5.00% |
|
8.73% |
|
3/4/2030 |
|
Trading Companies & Distributors |
|
|
94,903 |
|
|
|
294,199 |
|
Hilco Vision |
|
1st Lien Revolver |
|
S+ |
|
6.00% |
|
9.73% |
|
4/21/2030 |
|
Health Care Providers & Services |
|
|
93,474 |
|
|
|
251,665 |
|
Legacy Service Partners |
|
1st Lien Revolver |
|
S+ |
|
4.50% |
|
8.23% |
|
1/9/2029 |
|
Construction & Engineering |
|
|
90,783 |
|
|
|
90,783 |
|
Cumming Group |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.48% |
|
6/16/2033 |
|
Construction & Engineering |
|
|
87,806 |
|
|
|
— |
|
Prime Electric |
|
Unitranche Revolver |
|
S+ |
|
4.00% |
|
7.73% |
|
12/31/2031 |
|
Construction & Engineering |
|
|
45,732 |
|
|
|
— |
|
R.F. Fager |
|
1st Lien DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
3/4/2030 |
|
Trading Companies & Distributors |
|
|
42,834 |
|
|
|
501,088 |
|
Kalkomey |
|
Unitranche DDTL |
|
S+ |
|
5.10% |
|
8.75% |
|
6/18/2031 |
|
Diversified Consumer Services |
|
|
— |
|
|
|
3,435,749 |
|
Magna Legal Services |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.18% |
|
11/22/2028 |
|
Professional Services |
|
|
— |
|
|
|
1,859,558 |
|
Apex Service Partners |
|
Unitranche DDTL |
|
S+ |
|
5.00% |
|
8.73% |
|
10/24/2030 |
|
Trading Companies & Distributors |
|
|
— |
|
|
|
1,745,891 |
|
Lindsay Precast |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.40% |
|
12/16/2032 |
|
Construction & Engineering |
|
|
— |
|
|
|
1,448,276 |
|
Certified Collision Group |
|
Unitranche Revolver |
|
S+ |
|
4.50% |
|
8.15% |
|
12/30/2032 |
|
Commercial Services & Supplies |
|
|
— |
|
|
|
1,353,791 |
|
Lindsay Precast |
|
1st Lien Revolver |
|
S+ |
|
4.75% |
|
8.40% |
|
12/16/2032 |
|
Construction & Engineering |
|
|
— |
|
|
|
1,327,586 |
|
Cumming Group |
|
Unitranche Revolver |
|
S+ |
|
4.75% |
|
8.43% |
|
11/16/2027 |
|
Construction & Engineering |
|
|
— |
|
|
|
1,312,265 |
|
Aprio |
|
1st Lien DDTL |
|
S+ |
|
4.75% |
|
8.48% |
|
8/1/2031 |
|
Financial Services |
|
|
— |
|
|
|
687,753 |
|
SavATree |
|
Unitranche DDTL |
|
S+ |
|
5.00% |
|
8.68% |
|
6/6/2031 |
|
Commercial Services & Supplies |
|
|
— |
|
|
|
549,313 |
|
Novvia Group |
|
Unitranche DDTL |
|
S+ |
|
5.25% |
|
8.98% |
|
1/31/2032 |
|
Containers & Packaging |
|
|
— |
|
|
|
508,280 |
|
Innovative XCessories & Services |
|
1st Lien Revolver |
|
S+ |
|
5.50% |
|
9.15% |
|
9/5/2029 |
|
Automobile Components |
|
|
— |
|
|
|
284,998 |
|
Palmdale Oil |
|
Unitranche DDTL |
|
S+ |
|
4.75% |
|
8.40% |
|
12/12/2031 |
|
Oil, Gas & Consumable Fuels |
|
|
— |
|
|
|
195,653 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Unfunded Commitments |
|
$ |
262,117,092 |
|
|
$ |
200,163,719 |
|
|