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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MC GROUP VENTURES CORP</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>MOMENTUM TEXTILES LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Omega Holdings</name>
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        <fairValLevel>3</fairValLevel>
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        <name>ONEMAIN FINANCE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Real Chemistry Intermediate III,Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>SABRE GLBL INC</name>
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        <name>SONICWALL US HOLDINGS INC</name>
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        <fairValLevel>N/A</fairValLevel>
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        <name>STAPLES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cornerstone OnDemand Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>TheKey LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>DATASERV</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>BEST LAWYER AZALEA INVESTMENT</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>ROCK LABOR</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>CLOUDBREAK</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>PROCESS INSIGHTS</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>LEADSONLINE</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>STACKLINE</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>AZALEA BUYER, LLC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>AZALEA BUYER, LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>POLICY SERVICES COMPANY LLC</name>
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          <other otherDesc="Internal Identifier" value="943NNDII9"/>
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        <fairValLevel>3</fairValLevel>
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        <name>PROFITOPTICS</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Comply365, LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>FIVE STAR INTRMDT HOLDING LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>MOBILE PRO SYSTEMS</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Dwyer Instruments Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>ILLUMIFIN</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Accurus Aerospace Corporation</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>ASC Communications LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>WWEC HOLDINGS II CORP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>WWEC HOLDINGS II CORP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>WWEC HOLDINGS II CORP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Randys Holdings, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>APPLIED AEROSPACE STRCTRES CRP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>AA&amp;D Midco Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>RoadOne IntermodaLogistics</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>RoadOne IntermodaLogistics</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>GOLDEN CERAMIC DENTAL LAB</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>3</fairValLevel>
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        <name>PB HOLDINGS LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>CONCEPT MACHINE</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>PROJECT POTTER PARENT L.P</name>
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        <fairValLevel>3</fairValLevel>
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        <name>PEGASUS TRANSTECH CORPORATION</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Bridger Aerospace Group Holdings Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>WILSONART LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WESTMINSTER FOODS II LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>ZAYO GROUP HOLDINGS INC</name>
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        <name>BISHOP STREET UNDERWRITERS</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>AMERICAN ROLLER COMPANY LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>ZIYAD INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>ETHOS RISK SERVICES</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>WEST NR ACQUISITIONCO LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>ICE HOUSE AMERICA</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>THE CAPROCK GROUP</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>HSID ACQUISITION LLC</name>
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        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>COGENCY GLOBAL INC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000F5Z1"/>
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        <curCd>USD</curCd>
        <valUSD>24814.10000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>DISCOVERY BUYER LP</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000FHY1"/>
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        <curCd>USD</curCd>
        <valUSD>575962.58000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>DISCOVERY BUYER LP</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000FJ60"/>
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        <balance>334303.86000000</balance>
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        <curCd>USD</curCd>
        <valUSD>332064.02000000</valUSD>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>DISCOVERY BUYER LP</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000FJ86"/>
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        <balance>83333.33000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82775.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-06</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>WOODLAND FOODS INC</name>
        <lei>N/A</lei>
        <title>Woodland Foods Inc 2025 Senior Term Loan</title>
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          <other otherDesc="Internal Identifier" value="BA000GGX2"/>
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        <balance>240844.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>238990.33000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>WOODLAND FOODS INC</name>
        <lei>N/A</lei>
        <title>Woodland Foods Inc 2025 3rd Amendment Delayed Draw Term Loan</title>
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          <other otherDesc="Internal Identifier" value="BA000GGY0"/>
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        <balance>39178.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38876.73000000</valUSD>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TEIG HOLDINGS, INC.</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000GL57"/>
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        <curCd>USD</curCd>
        <valUSD>152548.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-04</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TEIG HOLDINGS, INC.</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000GL65"/>
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        <balance>154479.88000000</balance>
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        <curCd>USD</curCd>
        <valUSD>154479.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>TEIG HOLDINGS, INC.</name>
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          <other otherDesc="Internal Identifier" value="BA000GL81"/>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>HS ADVISORY BUYER LLC</name>
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          <other otherDesc="Internal Identifier" value="BA000GM64"/>
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        <assetCat>LON</assetCat>
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        <fairValLevel>3</fairValLevel>
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        <name>HS ADVISORY BUYER LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>HS ADVISORY BUYER LLC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>NCP MSI BUYER INC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>NCP MSI BUYER INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>HS ADVISORY BUYER LLC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>HS ADVISORY BUYER LLC</name>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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      <invstOrSec>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>SCREENVISION LLC</name>
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        <assetCat>LON</assetCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>FSS Buyer LLC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>COGNITO FORMS</name>
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        <curCd>USD</curCd>
        <valUSD>1500986.31000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>COGNITO FORMS</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000JF33"/>
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        <curCd>USD</curCd>
        <valUSD>94520.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>WC ORS BUYER INC</name>
        <lei>N/A</lei>
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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>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>RKD GROUP LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="LoanX ID" value="LX263474"/>
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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>
        <debtSec>
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          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RKD GROUP LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="LoanX ID" value="LX263473"/>
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        <balance>1394753.62000000</balance>
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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>
        <debtSec>
          <maturityDt>2031-05-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RKD GROUP LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="LoanX ID" value="LX263475"/>
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        <balance>130532.59000000</balance>
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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>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNOSQUARE LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000KT27"/>
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        <balance>358891.30000000</balance>
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        <curCd>USD</curCd>
        <valUSD>340587.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNOSQUARE LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000KTT8"/>
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        <balance>79696.37000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75631.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>UNOSQUARE LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000KTV3"/>
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        <balance>164365.15000000</balance>
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        <curCd>USD</curCd>
        <valUSD>155982.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>OSP HAMILTON PURCHASER LLC</name>
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          <other otherDesc="Internal Identifier" value="BA000LP45"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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        <name>CLOUD ONE</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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          <maturityDt>2031-08-05</maturityDt>
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      <invstOrSec>
        <name>BISHOP STREET UNDERWRITERS</name>
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          <other otherDesc="Internal Identifier" value="BA000LT58"/>
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        <fairValLevel>3</fairValLevel>
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        <name>BISHOP STREET UNDERWRITERS</name>
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          <other otherDesc="Internal Identifier" value="BA000LT74"/>
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        <fairValLevel>3</fairValLevel>
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        <name>CASCADE RESIDENTIAL SERVICES</name>
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          <other otherDesc="Internal Identifier" value="BA000LTG4"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>SCP MEDICAL PRODUCTS LLC</name>
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          <other otherDesc="Internal Identifier" value="BA000LVJ5"/>
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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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          <maturityDt>2031-06-30</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>SCP MEDICAL PRODUCTS LLC</name>
        <lei>N/A</lei>
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        <balance>450523.97000000</balance>
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        <curCd>USD</curCd>
        <valUSD>446784.62000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-30</maturityDt>
          <couponKind>None</couponKind>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>ABC Legal Services Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>ABC Legal Services Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>ASC COMMUNICATIONS LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Gmes LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>AUTOMATED FINANCIAL SYSTEMS</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>LAUNCHPAD HOME GROUP</name>
        <lei>N/A</lei>
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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>
        <debtSec>
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      <invstOrSec>
        <name>LAUNCHPAD HOME GROUP</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000PFC9"/>
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        <balance>207000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203895.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>LAUNCHPAD HOME GROUP</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000PFD7"/>
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        <balance>343275.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>338125.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>ALDINGER COMPANY</name>
        <lei>391200MWRXRDTGZAKC82</lei>
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          <other otherDesc="LoanX ID" value="LX273441"/>
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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>None</couponKind>
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        <name>NORTHSTAR RECYCLING</name>
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        <fairValLevel>3</fairValLevel>
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        <name>TIPCO TECHNOLOGIES</name>
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          <other otherDesc="Internal Identifier" value="BA000PV98"/>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>G-3 Chickadee Purchaser, LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>OSP Lakeside Intermediate Holdings 2 LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>OSP Lakeside Intermediate Holdings 2 LLC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>ALDINGER COMPANY</name>
        <lei>391200MWRXRDTGZAKC82</lei>
        <title>ALDINGER COMPANY 2025 DELAYED DRAW TERM LOAN B</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>3</fairValLevel>
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        <name>PPW AERO BUYER INC</name>
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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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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>SMARTLING INC</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>BLI BUYER INC</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>BLI BUYER INC</name>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>PROFITOPTICS</name>
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        <assetCat>LON</assetCat>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>HEMASOURCE INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>HEMASOURCE INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>HEMASOURCE INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>HEMASOURCE INC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>AA&amp;D Midco Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <name>VESTA FINANCE MERGER SUB LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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        <name>VESTA FINANCE MERGER SUB LLC</name>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>BECKLAR LLC</name>
        <lei>5493002XT8BP3IRNWU79</lei>
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          <other otherDesc="LoanX ID" value="LX286555"/>
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        <curCd>USD</curCd>
        <valUSD>155897.33000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>TAPCO BUYER LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000WR72"/>
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        <assetCat>LON</assetCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>DANE STREET LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000WSH9"/>
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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>
        <debtSec>
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      <invstOrSec>
        <name>DANE STREET LLC</name>
        <lei>N/A</lei>
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        <balance>410642.94000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>DANE STREET LLC</name>
        <lei>N/A</lei>
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        <balance>97571.71000000</balance>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>ORS NASCO INC</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>MATRIX BUYER, LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>MATRIX BUYER, LLC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>MATRIX BUYER, LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Counsel Press Holdings Inc.</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>IMS Services Enterprises, LLC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>IMS Services Enterprises, LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>IMS Services Enterprises, LLC</name>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2033-04-01</maturityDt>
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      <invstOrSec>
        <name>SURFACE FINISHING TECHNOLOGIES</name>
        <lei>N/A</lei>
        <title>SURFACE FINISHING TECHNOLOGIES TERM LOAN</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-07</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>HTI TECHNOLOGY+INDUSTRIES INC</name>
        <lei>549300XSIHC8P1BOAZ09</lei>
        <title>HTI TECHNOLOGY+INDUSTRIES INC 2026 INCREMENTAL TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000ZXC7"/>
        </identifiers>
        <balance>62479.42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61854.63000000</valUSD>
        <pctVal>0.036247652525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>HYPERION SOLUTIONS LLC</name>
        <lei>254900LTKZ58IFVUQ168</lei>
        <title>Hyperion Solutions LLC 2026 Takeback Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA00101J3"/>
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        <balance>555635.27000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>555635.27000000</valUSD>
        <pctVal>0.325609807998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONWIDE LEGAL LLC</name>
        <lei>N/A</lei>
        <title>Nationwide Legal LLC Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0010302"/>
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        <balance>534351.15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>529007.64000000</valUSD>
        <pctVal>0.310005655490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>NATIONWIDE LEGAL LLC</name>
        <lei>N/A</lei>
        <title>Nationwide Legal LLC Revolver</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0010336"/>
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        <balance>101781.17000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100763.36000000</valUSD>
        <pctVal>0.059048696283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONWIDE LEGAL LLC</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0010351"/>
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        <balance>363867.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360229.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONDON BUYER LLC</name>
        <lei>N/A</lei>
        <title>LONDON BUYER LLC Delayed Draw Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0010DM3"/>
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        <balance>85093.17000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84242.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-24</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONDON BUYER LLC</name>
        <lei>N/A</lei>
        <title>LONDON BUYER LLC TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0010DN1"/>
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        <balance>765838.51000000</balance>
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        <curCd>USD</curCd>
        <valUSD>758180.12000000</valUSD>
        <pctVal>0.444303838562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-24</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONDON BUYER LLC</name>
        <lei>N/A</lei>
        <title>LONDON BUYER LLC REVOLVER</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0010DP6"/>
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        <balance>149068.32000000</balance>
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        <curCd>USD</curCd>
        <valUSD>147577.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-24</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STAGE 3 HOLDCO LLC</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA00112S0"/>
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        <balance>264705.88000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261397.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN ROLLER COMPANY LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA00112V3"/>
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        <balance>535451.95000000</balance>
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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>
        <debtSec>
          <maturityDt>2031-11-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICAN ROLLER COMPANY LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA00112W1"/>
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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>
        <debtSec>
          <maturityDt>2031-11-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STAGE 3 HOLDCO LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA0011318"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>STAGE 3 HOLDCO LLC</name>
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          <other otherDesc="Internal Identifier" value="BA0011326"/>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SONICWALL US HOLDINGS INC</name>
        <lei>549300KJE1MHNCWBX302</lei>
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          <isin value="US83547MAH07"/>
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        <curCd>USD</curCd>
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        <fairValLevel>N/A</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>Bausch Health Companies Inc</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-08</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-25</ncom:dateSigned>
      <ncom:nameOfApplicant>BARINGS PARTICIPATION INVESTORS</ncom:nameOfApplicant>
      <ncom:signature>Christopher Hanscom</ncom:signature>
      <ncom:signerName>Christopher Hanscom</ncom:signerName>
      <ncom:title>Chief Financial Officer for the Trusts</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
