v3.26.3
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) - Composition of Portfolio at Fair Value by Control Designation, Investment Type and Industry - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Total investments at fair value $ 2,545,145 [1],[2],[3],[4] $ 3,167,838 [5],[6]
% of Net Assets 240.26% 242.31%
Aerospace & Defense    
Total investments at fair value [5],[6]   $ 17,433
Air Freight & Logistics    
Total investments at fair value $ 26,145 [2],[4] 26,344 [5],[6]
Automobile Components    
Total investments at fair value 17,842 [2],[4] 18,195 [5],[6]
Beverages    
Total investments at fair value 5,848 [2],[4] 5,566 [5],[6]
Biotechnology    
Total investments at fair value 603 [2],[4] 27,795 [5],[6]
Building Products    
Total investments at fair value 4,909 [2],[4] 25,078 [5],[6]
Chemicals    
Total investments at fair value 50,237 [2],[4] 60,324 [5],[6]
Commercial Services & Supplies    
Total investments at fair value [2],[4] 93,843  
Communications Equipment    
Total investments at fair value 9,770 [2],[4] 10,217 [5],[6]
Construction & Engineering    
Total investments at fair value 51,951 [2],[4] 73,078 [5],[6]
Consumer Finance    
Total investments at fair value 36,356 [2],[4] 44,466 [5],[6]
Consumer Staples Distribution & Retail    
Total investments at fair value 41,089 [2],[4] 37,810 [5],[6]
Containers & Packaging    
Total investments at fair value 74,426 [2],[4] 58,036 [5],[6]
Diversified Consumer Services    
Total investments at fair value 169,223 [2],[4] 204,148 [5],[6]
Diversified Telecommunication Services    
Total investments at fair value 996 [2],[4] 1,302 [5],[6]
Electrical Equipment    
Total investments at fair value 23,003 [2],[4] 33,151 [5],[6]
Energy Equipment & Services    
Total investments at fair value 3,585 [2],[4] 3,527 [5],[6]
Entertainment    
Total investments at fair value 13,291 [2],[4] 27,098 [5],[6]
Financial Services    
Total investments at fair value 78,249 [2],[4] 88,723 [5],[6]
Food Products    
Total investments at fair value 72,034 [2],[4] 71,510 [5],[6]
Ground Transportation    
Total investments at fair value 69,846 [2],[4] 71,869 [5],[6]
Health Care Equipment & Supplies    
Total investments at fair value 84,241 [2],[4] 119,408 [5],[6]
Health Care Providers & Services    
Total investments at fair value 251,182 [2],[4] 286,835 [5],[6]
Health Care Technology    
Total investments at fair value 46,196 [2],[4] 62,590 [5],[6]
Hotels, Restaurants & Leisure    
Total investments at fair value 87,801 [2],[4] 101,770 [5],[6]
Household Durables    
Total investments at fair value 25,111 [2],[4] 26,487 [5],[6]
Insurance    
Total investments at fair value 49,971 [2],[4] 69,934 [5],[6]
Interactive Media & Services    
Total investments at fair value [2],[4] 2,503  
IT Services    
Total investments at fair value 71,579 [2],[4] 77,336 [5],[6]
Leisure Products    
Total investments at fair value 8,875 [2],[4] 8,695 [5],[6]
Life Sciences Tools & Services    
Total investments at fair value 18,414 [2],[4] 18,832 [5],[6]
Machinery    
Total investments at fair value 63,290 [2],[4] 66,983 [5],[6]
Media    
Total investments at fair value 163,455 [2],[4] 210,365 [5],[6]
Multi-Utilities    
Total investments at fair value 12,412 [2],[4] 16,984 [5],[6]
Passenger Airlines    
Total investments at fair value 42,529 [2],[4] 102,798 [5],[6]
Paper & Forest Products    
Total investments at fair value 9,959 [2],[4] 14,588 [5],[6]
Personal Care Products    
Total investments at fair value 107,367 [2],[4] 133,909
Pharmaceuticals    
Total investments at fair value 80,955 [2],[4] 82,689 [5],[6]
Professional Services    
Total investments at fair value 73,246 [2],[4] 81,007 [5],[6]
Software    
Total investments at fair value 277,357 [2],[4] 361,192 [5],[6]
Specialty Retail    
Total investments at fair value 16,526 [2],[4] 17,017 [5],[6]
Technology Hardware, Storage & Peripherals    
Total investments at fair value 25,700 [2],[4] 14,066 [5],[6]
Textiles, Apparel & Luxury Goods    
Total investments at fair value 28,103 [2],[4] 28,210 [5],[6]
Trading Companies & Distributors    
Total investments at fair value [2],[4] 67,999  
Transportation Infrastructure    
Total investments at fair value [5],[6]   19,128
First Lien Secured Debt    
Total investments at fair value $ 2,421,340 $ 3,002,864
% of Net Assets 228.57% 229.70%
Second Lien Secured Debt    
Total investments at fair value $ 52 $ 62
% of Net Assets 0.00% 0.00%
Unsecured Debt    
Total investments at fair value $ 914 $ 3,072
% of Net Assets 0.09% 0.23%
Structured Products And Other    
Total investments at fair value $ 8,579 $ 18,350
% of Net Assets 0.81% 1.40%
Preferred Equity    
Total investments at fair value $ 44,610 $ 27,104
% of Net Assets 4.21% 2.08%
Common Equity/Interests    
Total investments at fair value $ 69,513 $ 116,060
% of Net Assets 6.56% 8.88%
Warrants    
Total investments at fair value $ 137 $ 326
% of Net Assets 0.01% 0.02%
Non-controlled/Non-affiliated Investments    
Total investments at fair value $ 2,271,232 $ 2,819,511
% of Net Assets 214.40% 215.67%
Non-controlled/Non-affiliated Investments | Aerospace & Defense    
Total investments at fair value $ 17,596 $ 17,433
% of Net Assets 1.66% 1.33%
Non-controlled/Non-affiliated Investments | Air Freight & Logistics    
Total investments at fair value $ 26,145 $ 26,344
% of Net Assets 2.47% 2.02%
Non-controlled/Non-affiliated Investments | Automobile Components    
Total investments at fair value $ 17,842 $ 18,195
% of Net Assets 1.68% 1.39%
Non-controlled/Non-affiliated Investments | Beverages    
Total investments at fair value $ 5,848 $ 5,566
% of Net Assets 0.55% 0.43%
Non-controlled/Non-affiliated Investments | Biotechnology    
Total investments at fair value $ 603 $ 27,795
% of Net Assets 0.06% 2.13%
Non-controlled/Non-affiliated Investments | Building Products    
Total investments at fair value $ 4,909 $ 25,078
% of Net Assets 0.46% 1.92%
Non-controlled/Non-affiliated Investments | Chemicals    
Total investments at fair value $ 24,396 $ 29,619
% of Net Assets 2.30% 2.27%
Non-controlled/Non-affiliated Investments | Commercial Services & Supplies    
Total investments at fair value $ 93,843 $ 148,626
% of Net Assets 8.86% 11.37%
Non-controlled/Non-affiliated Investments | Communications Equipment    
Total investments at fair value $ 9,770 $ 10,217
% of Net Assets 0.92% 0.78%
Non-controlled/Non-affiliated Investments | Construction & Engineering    
Total investments at fair value $ 51,951 $ 73,078
% of Net Assets 4.90% 5.59%
Non-controlled/Non-affiliated Investments | Consumer Finance    
Total investments at fair value $ 34,346 $ 34,149
% of Net Assets 3.24% 2.61%
Non-controlled/Non-affiliated Investments | Consumer Staples Distribution & Retail    
Total investments at fair value $ 41,089 $ 37,810
% of Net Assets 3.88% 2.89%
Non-controlled/Non-affiliated Investments | Containers & Packaging    
Total investments at fair value $ 74,426 $ 58,036
% of Net Assets 7.03% 4.44%
Non-controlled/Non-affiliated Investments | Diversified Consumer Services    
Total investments at fair value $ 169,223 $ 204,148
% of Net Assets 15.97% 15.62%
Non-controlled/Non-affiliated Investments | Diversified Telecommunication Services    
Total investments at fair value $ 996 $ 1,302
% of Net Assets 0.09% 0.10%
Non-controlled/Non-affiliated Investments | Electrical Equipment    
Total investments at fair value $ 15,588 $ 33,151
% of Net Assets 1.47% 2.54%
Non-controlled/Non-affiliated Investments | Electronic Equipment, Instruments & Components    
Total investments at fair value $ 37,501 $ 76,851
% of Net Assets 3.54% 5.88%
Non-controlled/Non-affiliated Investments | Energy Equipment & Services    
Total investments at fair value $ 3,585 $ 3,527
% of Net Assets 0.34% 0.27%
Non-controlled/Non-affiliated Investments | Entertainment    
Total investments at fair value $ 13,291 $ 27,098
% of Net Assets 1.25% 2.07%
Non-controlled/Non-affiliated Investments | Financial Services    
Total investments at fair value $ 71,680 $ 80,690
% of Net Assets 6.77% 6.17%
Non-controlled/Non-affiliated Investments | Food Products    
Total investments at fair value $ 72,034 $ 71,510
% of Net Assets 6.80% 5.47%
Non-controlled/Non-affiliated Investments | Ground Transportation    
Total investments at fair value $ 42,600 $ 52,525
% of Net Assets 4.02% 4.02%
Non-controlled/Non-affiliated Investments | Health Care Equipment & Supplies    
Total investments at fair value $ 84,241 $ 119,408
% of Net Assets 7.95% 9.13%
Non-controlled/Non-affiliated Investments | Health Care Providers & Services    
Total investments at fair value $ 233,665 $ 286,835
% of Net Assets 22.06% 21.94%
Non-controlled/Non-affiliated Investments | Health Care Technology    
Total investments at fair value $ 46,196 $ 62,590
% of Net Assets 4.36% 4.79%
Non-controlled/Non-affiliated Investments | Hotels, Restaurants & Leisure    
Total investments at fair value $ 81,189 $ 95,180
% of Net Assets 7.66% 7.28%
Non-controlled/Non-affiliated Investments | Household Durables    
Total investments at fair value $ 25,111 $ 26,487
% of Net Assets 2.37% 2.03%
Non-controlled/Non-affiliated Investments | Insurance    
Total investments at fair value $ 49,971 $ 69,934
% of Net Assets 4.72% 5.35%
Non-controlled/Non-affiliated Investments | Interactive Media & Services    
Total investments at fair value $ 2,503 $ 2,324
% of Net Assets 0.24% 0.18%
Non-controlled/Non-affiliated Investments | IT Services    
Total investments at fair value $ 71,579 $ 77,336
% of Net Assets 6.76% 5.92%
Non-controlled/Non-affiliated Investments | Leisure Products    
Total investments at fair value $ 8,847 $ 8,629
% of Net Assets 0.84% 0.66%
Non-controlled/Non-affiliated Investments | Life Sciences Tools & Services    
Total investments at fair value $ 18,414 $ 18,832
% of Net Assets 1.74% 1.44%
Non-controlled/Non-affiliated Investments | Machinery    
Total investments at fair value $ 63,290 $ 66,983
% of Net Assets 5.97% 5.12%
Non-controlled/Non-affiliated Investments | Media    
Total investments at fair value $ 63,984 $ 71,947
% of Net Assets 6.04% 5.50%
Non-controlled/Non-affiliated Investments | Multi-Utilities    
Total investments at fair value $ 12,412 $ 16,984
% of Net Assets 1.17% 1.30%
Non-controlled/Non-affiliated Investments | Paper & Forest Products    
Total investments at fair value $ 9,959 $ 14,588
% of Net Assets 0.94% 1.12%
Non-controlled/Non-affiliated Investments | Personal Care Products    
Total investments at fair value $ 107,367 $ 133,909
% of Net Assets 10.14% 10.24%
Non-controlled/Non-affiliated Investments | Pharmaceuticals    
Total investments at fair value $ 80,955 $ 82,689
% of Net Assets 7.64% 6.33%
Non-controlled/Non-affiliated Investments | Professional Services    
Total investments at fair value $ 73,246 $ 81,007
% of Net Assets 6.91% 6.20%
Non-controlled/Non-affiliated Investments | Software    
Total investments at fair value $ 277,357 $ 361,192
% of Net Assets 26.18% 27.63%
Non-controlled/Non-affiliated Investments | Specialty Retail    
Total investments at fair value $ 16,526 $ 17,017
% of Net Assets 1.56% 1.30%
Non-controlled/Non-affiliated Investments | Technology Hardware, Storage & Peripherals    
Total investments at fair value $ 25,700 $ 14,066
% of Net Assets 2.43% 1.08%
Non-controlled/Non-affiliated Investments | Textiles, Apparel & Luxury Goods    
Total investments at fair value $ 28,103 $ 28,210
% of Net Assets 2.65% 2.16%
Non-controlled/Non-affiliated Investments | Trading Companies & Distributors    
Total investments at fair value $ 61,355 $ 81,488
% of Net Assets 5.79% 6.23%
Non-controlled/Non-affiliated Investments | Transportation Infrastructure    
Total investments at fair value   $ 19,128
% of Net Assets   1.46%
Non-controlled/Non-affiliated Investments | First Lien Secured Debt    
Total investments at fair value $ 2,256,395 $ 2,793,979
% of Net Assets 213.00% 213.73%
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Aerospace & Defense    
Total investments at fair value $ 17,345 $ 17,287
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Air Freight & Logistics    
Total investments at fair value 26,145 26,344
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Automobile Components    
Total investments at fair value 17,396 17,976
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Beverages    
Total investments at fair value 5,748 5,466
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Biotechnology    
Total investments at fair value   26,754
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Building Products    
Total investments at fair value 4,909 25,078
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Chemicals    
Total investments at fair value 24,396 29,619
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Commercial Services & Supplies    
Total investments at fair value 93,157 148,139
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Communications Equipment    
Total investments at fair value 9,649 9,967
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Construction & Engineering    
Total investments at fair value 51,911 73,033
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Consumer Finance    
Total investments at fair value 34,346 30,346
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Consumer Staples Distribution & Retail    
Total investments at fair value 41,089 37,810
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Containers & Packaging    
Total investments at fair value 74,426 58,036
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Diversified Consumer Services    
Total investments at fair value 167,940 202,833
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Diversified Telecommunication Services    
Total investments at fair value 82 72
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Electrical Equipment    
Total investments at fair value 15,588 33,151
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Electronic Equipment, Instruments & Components    
Total investments at fair value 37,501 76,851
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Energy Equipment & Services    
Total investments at fair value 3,585 3,527
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Entertainment    
Total investments at fair value 13,291 27,098
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Financial Services    
Total investments at fair value 70,350 79,662
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Food Products    
Total investments at fair value 69,568 69,402
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Ground Transportation    
Total investments at fair value 42,600 52,525
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Health Care Equipment & Supplies    
Total investments at fair value 84,241 118,916
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Health Care Providers & Services    
Total investments at fair value 233,218 286,275
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Health Care Technology    
Total investments at fair value 46,144 62,528
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Hotels, Restaurants & Leisure    
Total investments at fair value 81,189 95,180
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Household Durables    
Total investments at fair value 25,111 26,487
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Insurance    
Total investments at fair value 49,971 69,912
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Interactive Media & Services    
Total investments at fair value 2,283 2,324
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | IT Services    
Total investments at fair value 71,414 70,368
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Leisure Products    
Total investments at fair value 8,527 8,333
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Life Sciences Tools & Services    
Total investments at fair value 18,414 18,832
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Machinery    
Total investments at fair value 63,290 66,983
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Media    
Total investments at fair value 62,554 70,451
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Multi-Utilities    
Total investments at fair value 12,397 16,948
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Paper & Forest Products    
Total investments at fair value 9,959 14,588
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Personal Care Products    
Total investments at fair value 107,125 133,689
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Pharmaceuticals    
Total investments at fair value 80,571 82,282
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Professional Services    
Total investments at fair value 71,997 79,323
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Software    
Total investments at fair value 276,187 360,073
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Specialty Retail    
Total investments at fair value 16,526 17,017
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Technology Hardware, Storage & Peripherals    
Total investments at fair value 25,700 14,066
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Textiles, Apparel & Luxury Goods    
Total investments at fair value 27,615 28,168
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Trading Companies & Distributors    
Total investments at fair value 60,940 81,132
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | Transportation Infrastructure    
Total investments at fair value   19,128
Non-controlled/Non-affiliated Investments | Second Lien Secured Debt    
Total investments at fair value $ 52 $ 62
% of Net Assets 0.00% 0.00%
Non-controlled/Non-affiliated Investments | Second Lien Secured Debt | Health Care Technology    
Total investments at fair value $ 52 $ 62
Non-controlled/Non-affiliated Investments | Unsecured Debt    
Total investments at fair value $ 914 $ 3,072
% of Net Assets 0.09% 0.23%
Non-controlled/Non-affiliated Investments | Unsecured Debt | Consumer Finance    
Total investments at fair value   $ 1,842
Non-controlled/Non-affiliated Investments | Unsecured Debt | Diversified Telecommunication Services    
Total investments at fair value $ 914 $ 1,230
Non-controlled/Non-affiliated Investments | Structured Products And Other    
% of Net Assets 0.00% 0.00%
Non-controlled/Non-affiliated Investments | Preferred Equity    
Total investments at fair value $ 3,320 $ 11,376
% of Net Assets 0.31% 0.87%
Non-controlled/Non-affiliated Investments | Preferred Equity | Aerospace & Defense    
Total investments at fair value $ 68 $ 49
Non-controlled/Non-affiliated Investments | Preferred Equity | Beverages    
Total investments at fair value 100 100
Non-controlled/Non-affiliated Investments | Preferred Equity | Biotechnology    
Total investments at fair value 333 521
Non-controlled/Non-affiliated Investments | Preferred Equity | Commercial Services & Supplies    
Total investments at fair value 94 97
Non-controlled/Non-affiliated Investments | Preferred Equity | Communications Equipment    
Total investments at fair value  
Non-controlled/Non-affiliated Investments | Preferred Equity | Construction & Engineering    
Total investments at fair value 8 8
Non-controlled/Non-affiliated Investments | Preferred Equity | Consumer Finance    
Total investments at fair value   1,563
Non-controlled/Non-affiliated Investments | Preferred Equity | Financial Services    
Total investments at fair value 818 501
Non-controlled/Non-affiliated Investments | Preferred Equity | Food Products    
Total investments at fair value 597 382
Non-controlled/Non-affiliated Investments | Preferred Equity | Health Care Providers & Services    
Total investments at fair value 62 120
Non-controlled/Non-affiliated Investments | Preferred Equity | IT Services    
Total investments at fair value   6,920
Non-controlled/Non-affiliated Investments | Preferred Equity | Leisure Products    
Total investments at fair value 211 211
Non-controlled/Non-affiliated Investments | Preferred Equity | Media    
Total investments at fair value 844 724
Non-controlled/Non-affiliated Investments | Preferred Equity | Pharmaceuticals    
Total investments at fair value 185 180
Non-controlled/Non-affiliated Investments | Common Equity/Interests    
Total investments at fair value $ 10,414 $ 10,696
% of Net Assets 0.98% 0.82%
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Aerospace & Defense    
Total investments at fair value $ 183 $ 97
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Automobile Components    
Total investments at fair value 446 219
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Biotechnology    
Total investments at fair value 133 194
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Commercial Services & Supplies    
Total investments at fair value 592 390
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Communications Equipment    
Total investments at fair value 121 250
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Construction & Engineering    
Total investments at fair value 32 37
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Consumer Finance    
Total investments at fair value   398
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Diversified Consumer Services    
Total investments at fair value 1,283 1,315
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Financial Services    
Total investments at fair value 512 527
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Food Products    
Total investments at fair value 1,869 1,726
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Health Care Equipment & Supplies    
Total investments at fair value   492
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Health Care Providers & Services    
Total investments at fair value 385 440
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Insurance    
Total investments at fair value   22
Non-controlled/Non-affiliated Investments | Common Equity/Interests | IT Services    
Total investments at fair value 165 48
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Leisure Products    
Total investments at fair value 109 85
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Media    
Total investments at fair value 586 772
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Multi-Utilities    
Total investments at fair value 15 36
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Personal Care Products    
Total investments at fair value 242 220
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Pharmaceuticals    
Total investments at fair value 199 227
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Professional Services    
Total investments at fair value 1,249 1,684
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Software    
Total investments at fair value 1,170 1,119
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Textiles, Apparel & Luxury Goods    
Total investments at fair value 488 42
Non-controlled/Non-affiliated Investments | Common Equity/Interests | Trading Companies & Distributors    
Total investments at fair value 415 356
Non-controlled/Non-affiliated Investments | Warrants    
Total investments at fair value $ 137 $ 326
% of Net Assets 0.01% 0.02%
Non-controlled/Non-affiliated Investments | Warrants | Biotechnology    
Total investments at fair value $ 137 $ 326
Non-controlled/Affiliated Investments    
Total investments at fair value $ 131,913 $ 107,111
% of Net Assets 12.45% 8.19%
Non-controlled/Affiliated Investments | Chemicals    
Total investments at fair value $ 25,841 $ 30,705
% of Net Assets 2.44% 2.35%
Non-controlled/Affiliated Investments | Consumer Finance    
Total investments at fair value $ 2,010 $ 10,317
% of Net Assets 0.19% 0.79%
Non-controlled/Affiliated Investments | Electrical Equipment    
Total investments at fair value $ 7,415  
% of Net Assets 0.70%  
Non-controlled/Affiliated Investments | Electronic Equipment, Instruments & Components    
Total investments at fair value $ 32,031 $ 32,056
% of Net Assets 3.02% 2.45%
Non-controlled/Affiliated Investments | Financial Services    
Total investments at fair value $ 6,569 $ 8,033
% of Net Assets 0.62% 0.61%
Non-controlled/Affiliated Investments | Ground Transportation    
Total investments at fair value $ 27,246 $ 19,344
% of Net Assets 2.57% 1.48%
Non-controlled/Affiliated Investments | Health Care Providers & Services    
Total investments at fair value $ 17,517  
% of Net Assets 1.65%  
Non-controlled/Affiliated Investments | Hotels, Restaurants & Leisure    
Total investments at fair value $ 6,612 $ 6,590
% of Net Assets 0.62% 0.50%
Non-controlled/Affiliated Investments | Leisure Products    
Total investments at fair value $ 28 $ 66
% of Net Assets 0.00% 0.01%
Non-controlled/Affiliated Investments | Trading Companies & Distributors    
Total investments at fair value $ 6,644  
% of Net Assets 0.63%  
Non-controlled/Affiliated Investments | First Lien Secured Debt    
Total investments at fair value $ 95,224 $ 64,937
% of Net Assets 8.99% 4.96%
Non-controlled/Affiliated Investments | First Lien Secured Debt | Chemicals    
Total investments at fair value $ 12,139 $ 12,373
Non-controlled/Affiliated Investments | First Lien Secured Debt | Electrical Equipment    
Total investments at fair value 7,415  
Non-controlled/Affiliated Investments | First Lien Secured Debt | Electronic Equipment, Instruments & Components    
Total investments at fair value 29,134 29,258
Non-controlled/Affiliated Investments | First Lien Secured Debt | Ground Transportation    
Total investments at fair value 27,246 19,344
Non-controlled/Affiliated Investments | First Lien Secured Debt | Health Care Providers & Services    
Total investments at fair value 8,705  
Non-controlled/Affiliated Investments | First Lien Secured Debt | Hotels, Restaurants & Leisure    
Total investments at fair value 3,941 $ 3,962
Non-controlled/Affiliated Investments | First Lien Secured Debt | Trading Companies & Distributors    
Total investments at fair value $ 6,644  
Non-controlled/Affiliated Investments | Second Lien Secured Debt    
% of Net Assets 0.00% 0.00%
Non-controlled/Affiliated Investments | Unsecured Debt    
% of Net Assets 0.00% 0.00%
Non-controlled/Affiliated Investments | Structured Products And Other    
Total investments at fair value $ 8,579 $ 18,350
% of Net Assets 0.81% 1.40%
Non-controlled/Affiliated Investments | Structured Products And Other | Consumer Finance    
Total investments at fair value $ 2,010 $ 10,317
Non-controlled/Affiliated Investments | Structured Products And Other | Financial Services    
Total investments at fair value 6,569 8,033
Non-controlled/Affiliated Investments | Preferred Equity    
Total investments at fair value $ 11,540 $ 2,683
% of Net Assets 1.09% 0.21%
Non-controlled/Affiliated Investments | Preferred Equity | Electronic Equipment, Instruments & Components    
Total investments at fair value $ 2,728 $ 2,683
Non-controlled/Affiliated Investments | Preferred Equity | Health Care Providers & Services    
Total investments at fair value 8,812  
Non-controlled/Affiliated Investments | Common Equity/Interests    
Total investments at fair value $ 16,570 $ 21,141
% of Net Assets 1.56% 1.62%
Non-controlled/Affiliated Investments | Common Equity/Interests | Chemicals    
Total investments at fair value $ 13,702 $ 18,332
Non-controlled/Affiliated Investments | Common Equity/Interests | Electronic Equipment, Instruments & Components    
Total investments at fair value 169 115
Non-controlled/Affiliated Investments | Common Equity/Interests | Hotels, Restaurants & Leisure    
Total investments at fair value 2,671 2,628
Non-controlled/Affiliated Investments | Common Equity/Interests | Leisure Products    
Total investments at fair value $ 28 $ 66
Non-controlled/Affiliated Investments | Warrants    
% of Net Assets 0.00% 0.00%
Controlled Investments    
Total investments at fair value $ 142,000 $ 241,216
% of Net Assets 13.40% 18.45%
Controlled Investments | Media    
Total investments at fair value $ 99,471 $ 138,418
% of Net Assets 9.39% 10.59%
Controlled Investments | Passenger Airlines    
Total investments at fair value $ 42,529 $ 102,798
% of Net Assets 4.01% 7.86%
Controlled Investments | First Lien Secured Debt    
Total investments at fair value $ 69,721 $ 143,948
% of Net Assets 6.58% 11.01%
Controlled Investments | First Lien Secured Debt | Media    
Total investments at fair value $ 69,721 $ 125,373
Controlled Investments | First Lien Secured Debt | Passenger Airlines    
Total investments at fair value   $ 18,575
Controlled Investments | Second Lien Secured Debt    
% of Net Assets 0.00% 0.00%
Controlled Investments | Unsecured Debt    
% of Net Assets 0.00% 0.00%
Controlled Investments | Structured Products And Other    
% of Net Assets 0.00% 0.00%
Controlled Investments | Preferred Equity    
Total investments at fair value $ 29,750 $ 13,045
% of Net Assets 2.81% 1.00%
Controlled Investments | Preferred Equity | Media    
Total investments at fair value $ 29,750 $ 13,045
Controlled Investments | Common Equity/Interests    
Total investments at fair value $ 42,529 $ 84,223
% of Net Assets 4.01% 6.44%
Controlled Investments | Common Equity/Interests | Passenger Airlines    
Total investments at fair value $ 42,529 $ 84,223
Controlled Investments | Warrants    
% of Net Assets 0.00% 0.00%
[1] Aggregate gross unrealized gain and loss for federal income tax purposes is $19,046 and $375,298, respectively. Net unrealized loss is $356,252 based on a tax cost of $2,901,398.
[2] Fair value is determined in good faith subject to the oversight of the board of directors of the Company (the “Board”) (See Note 2 to the consolidated financial statements).
[3] Substantially all securities are pledged as collateral to the Company's credit facilities (see Note 6 to the consolidated financial statements). For investments that are pledged to the Company's credit facilities, a single investment may be divided into parts that are individually pledged as collateral to separate credit facilities. As such, these securities are not available as collateral to our general creditors.
[4] The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of September 30, 2026:

 

Industry

 

First Lien - Secured Debt

 

 

Second Lien - Secured Debt

 

 

Unsecured Debt

 

 

Structured Products and Other

 

 

Preferred Equity

 

 

Common Equity/Interests

 

 

Warrants

 

 

Total

 

 

% of Net Assets

 

Non-Controlled / Non-Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense

 

$

 

17,345

 

 

$

 

—

 

 

$

 

—

 

 

$

 

—

 

 

$

 

68

 

 

$

 

183

 

 

$

 

—

 

 

$

 

17,596

 

 

 

1.66

%

Air Freight & Logistics

 

 

 

26,145

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

26,145

 

 

 

2.47

%

Automobile Components

 

 

 

17,396

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

446

 

 

 

 

—

 

 

 

 

17,842

 

 

 

1.68

%

Beverages

 

 

 

5,748

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

100

 

 

 

 

—

 

 

 

 

—

 

 

 

 

5,848

 

 

 

0.55

%

Biotechnology

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

333

 

 

 

 

133

 

 

 

 

137

 

 

 

 

603

 

 

 

0.06

%

Building Products

 

 

 

4,909

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

4,909

 

 

 

0.46

%

Chemicals

 

 

 

24,396

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

24,396

 

 

 

2.30

%

Commercial Services & Supplies

 

 

 

93,157

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

94

 

 

 

 

592

 

 

 

 

—

 

 

 

 

93,843

 

 

 

8.86

%

Communications Equipment

 

 

 

9,649

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

121

 

 

 

 

—

 

 

 

 

9,770

 

 

 

0.92

%

Construction & Engineering

 

 

 

51,911

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

8

 

 

 

 

32

 

 

 

 

—

 

 

 

 

51,951

 

 

 

4.90

%

Consumer Finance

 

 

 

34,346

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

34,346

 

 

 

3.24

%

Consumer Staples Distribution & Retail

 

 

 

41,089

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

41,089

 

 

 

3.88

%

Containers & Packaging

 

 

 

74,426

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

74,426

 

 

 

7.03

%

Diversified Consumer Services

 

 

 

167,940

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

1,283

 

 

 

 

—

 

 

 

 

169,223

 

 

 

15.97

%

Diversified Telecommunication Services

 

 

 

82

 

 

 

 

—

 

 

 

 

914

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

996

 

 

 

0.09

%

Electrical Equipment

 

 

 

15,588

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

15,588

 

 

 

1.47

%

Electronic Equipment, Instruments & Components

 

 

 

37,501

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

37,501

 

 

 

3.54

%

Energy Equipment & Services

 

 

 

3,585

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

3,585

 

 

 

0.34

%

Entertainment

 

 

 

13,291

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

13,291

 

 

 

1.25

%

Financial Services

 

 

 

70,350

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

818

 

 

 

 

512

 

 

 

 

—

 

 

 

 

71,680

 

 

 

6.77

%

Food Products

 

 

 

69,568

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

597

 

 

 

 

1,869

 

 

 

 

—

 

 

 

 

72,034

 

 

 

6.80

%

Ground Transportation

 

 

 

42,600

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

42,600

 

 

 

4.02

%

Health Care Equipment & Supplies

 

 

 

84,241

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

84,241

 

 

 

7.95

%

Health Care Providers & Services

 

 

 

233,218

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

62

 

 

 

 

385

 

 

 

 

—

 

 

 

 

233,665

 

 

 

22.06

%

 

Industry

 

First Lien - Secured Debt

 

 

Second Lien - Secured Debt

 

 

Unsecured Debt

 

 

Structured Products and Other

 

 

Preferred Equity

 

 

Common Equity/Interests

 

 

Warrants

 

 

Total

 

 

% of Net Assets

 

Health Care Technology

 

 

 

46,144

 

 

 

 

52

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

46,196

 

 

 

4.36

%

Hotels, Restaurants & Leisure

 

 

 

81,189

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

81,189

 

 

 

7.66

%

Household Durables

 

 

 

25,111

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

25,111

 

 

 

2.37

%

Insurance

 

 

 

49,971

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

49,971

 

 

 

4.72

%

Interactive Media & Services

 

 

 

2,283

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

220

 

 

 

 

—

 

 

 

 

2,503

 

 

 

0.24

%

IT Services

 

 

 

71,414

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

165

 

 

 

 

—

 

 

 

 

71,579

 

 

 

6.76

%

Leisure Products

 

 

 

8,527

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

211

 

 

 

 

109

 

 

 

 

—

 

 

 

 

8,847

 

 

 

0.84

%

Life Sciences Tools & Services

 

 

 

18,414

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

18,414

 

 

 

1.74

%

Machinery

 

 

 

63,290

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

63,290

 

 

 

5.97

%

Media

 

 

 

62,554

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

844

 

 

 

 

586

 

 

 

 

—

 

 

 

 

63,984

 

 

 

6.04

%

Multi-Utilities

 

 

 

12,397

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

15

 

 

 

 

—

 

 

 

 

12,412

 

 

 

1.17

%

Paper & Forest Products

 

 

 

9,959

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

9,959

 

 

 

0.94

%

Personal Care Products

 

 

 

107,125

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

242

 

 

 

 

—

 

 

 

 

107,367

 

 

 

10.14

%

Pharmaceuticals

 

 

 

80,571

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

185

 

 

 

 

199

 

 

 

 

—

 

 

 

 

80,955

 

 

 

7.64

%

Professional Services

 

 

 

71,997

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

1,249

 

 

 

 

—

 

 

 

 

73,246

 

 

 

6.91

%

Software

 

 

 

276,187

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

1,170

 

 

 

 

—

 

 

 

 

277,357

 

 

 

26.18

%

Specialty Retail

 

 

 

16,526

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

16,526

 

 

 

1.56

%

Technology Hardware, Storage & Peripherals

 

 

 

25,700

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

25,700

 

 

 

2.43

%

Textiles, Apparel & Luxury Goods

 

 

 

27,615

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

488

 

 

 

 

—

 

 

 

 

28,103

 

 

 

2.65

%

Trading Companies & Distributors

 

 

 

60,940

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

415

 

 

 

 

—

 

 

 

 

61,355

 

 

 

5.79

%

Total Non-Controlled /
Non-Affiliated Investments

 

$

 

2,256,395

 

 

$

 

52

 

 

$

 

914

 

 

$

 

—

 

 

$

 

3,320

 

 

$

 

10,414

 

 

$

 

137

 

 

$

 

2,271,232

 

 

 

214.40

%

% of Net Assets

 

 

 

213.00

%

 

 

 

0.00

%

 

 

 

0.09

%

 

 

 

0.00

%

 

 

 

0.31

%

 

 

 

0.98

%

 

 

 

0.01

%

 

 

 

214.40

%

 

 

 

 

 

 

Industry

 

 

First Lien - Secured Debt

 

 

 

Second Lien - Secured Debt

 

 

Unsecured Debt

 

 

Structured Products and Other

 

 

Preferred Equity

 

 

Common Equity/Interests

 

 

Warrants

 

 

Total

 

 

% of Net Assets

 

Non-Controlled / Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chemicals

 

 

 

 

12,139

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

13,702

 

 

 

 

—

 

 

 

 

25,841

 

 

 

2.44

%

Consumer Finance

 

 

 

 

 

—

 

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

2,010

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

2,010

 

 

 

0.19

%

Electrical Equipment

 

 

 

 

7,415

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

7,415

 

 

 

0.70

%

Electronic Equipment, Instruments & Components

 

 

 

 

29,134

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

2,728

 

 

 

 

169

 

 

 

 

—

 

 

 

 

32,031

 

 

 

3.02

%

Financial Services

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

6,569

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

6,569

 

 

 

0.62

%

Ground Transportation

 

 

 

 

27,246

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

27,246

 

 

 

2.57

%

Health Care Providers & Services

 

 

 

 

8,705

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

8,812

 

 

 

 

—

 

 

 

 

—

 

 

 

 

17,517

 

 

 

1.65

%

Hotels, Restaurants & Leisure

 

 

 

 

3,941

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

2,671

 

 

 

 

—

 

 

 

 

6,612

 

 

 

0.62

%

Leisure Products

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

28

 

 

 

 

—

 

 

 

 

28

 

 

 

0.00

%

Trading Companies & Distributors

 

 

 

 

6,644

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

6,644

 

 

 

0.63

%

Total Non-Controlled / Affiliated Investments

 

 

$

 

95,224

 

 

 

$

 

—

 

 

$

 

—

 

 

$

 

8,579

 

 

$

 

11,540

 

 

$

 

16,570

 

 

$

 

—

 

 

$

 

131,913

 

 

 

12.45

%

% of Net Assets

 

 

 

 

8.99

%

 

 

 

 

0.00

%

 

 

 

0.00

%

 

 

 

0.81

%

 

 

 

1.09

%

 

 

 

1.56

%

 

 

 

0.00

%

 

 

 

12.45

%

 

 

 

Controlled Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Media

 

 

 

 

69,721

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

29,750

 

 

 

 

—

 

 

 

 

—

 

 

 

 

99,471

 

 

 

9.39

%

Passenger Airlines

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

42,529

 

 

 

 

—

 

 

 

 

42,529

 

 

 

4.01

%

Total Controlled Investments

 

 

$

 

69,721

 

 

 

$

 

—

 

 

$

 

—

 

 

$

 

—

 

 

$

 

29,750

 

 

$

 

42,529

 

 

$

 

—

 

 

$

 

142,000

 

 

 

13.40

%

% of Net Assets

 

 

 

 

6.58

%

 

 

 

 

0.00

%

 

 

 

0.00

%

 

 

 

0.00

%

 

 

 

2.81

%

 

 

 

4.01

%

 

 

 

0.00

%

 

 

 

13.40

%

 

 

 

Total

 

 

$

 

2,421,340

 

 

 

$

 

52

 

 

$

 

914

 

 

$

 

8,579

 

 

$

 

44,610

 

 

$

 

69,513

 

 

$

 

137

 

 

$

 

2,545,145

 

 

 

240.26

%

% of Net Assets

 

 

 

 

228.57

%

 

 

 

 

0.00

%

 

 

 

0.09

%

 

 

 

0.81

%

 

 

 

4.21

%

 

 

 

6.56

%

 

 

 

0.01

%

 

 

 

240.26

%

 

 

 
[5] Fair value is determined in good faith subject to the oversight of the board of directors of the Company (the “Board”) (See Note 2 to the consolidated financial statements).
[6] The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of December 31, 2025:

 

Industry

 

First Lien - Secured Debt

 

 

Second Lien - Secured Debt

 

 

Unsecured Debt

 

 

Structured Products and Other

 

 

Preferred Equity

 

 

Common Equity/Interests

 

 

Warrants

 

 

Total

 

 

% of Net Assets

 

Non-Controlled / Non-Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense

 

$

 

17,287

 

 

$

 

—

 

 

$

 

—

 

 

$

 

—

 

 

$

 

49

 

 

$

 

97

 

 

$

 

—

 

 

$

 

17,433

 

 

 

1.33

%

Air Freight & Logistics

 

 

 

26,344

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

26,344

 

 

 

2.02

%

Automobile Components

 

 

 

17,976

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

219

 

 

 

 

—

 

 

 

 

18,195

 

 

 

1.39

%

Beverages

 

 

 

5,466

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

100

 

 

 

 

—

 

 

 

 

—

 

 

 

 

5,566

 

 

 

0.43

%

Biotechnology

 

 

 

26,754

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

521

 

 

 

 

194

 

 

 

 

326

 

 

 

 

27,795

 

 

 

2.13

%

Building Products

 

 

 

25,078

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

25,078

 

 

 

1.92

%

Chemicals

 

 

 

29,619

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

29,619

 

 

 

2.27

%

Commercial Services & Supplies

 

 

 

148,139

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

97

 

 

 

 

390

 

 

 

 

—

 

 

 

 

148,626

 

 

 

11.37

%

Communications Equipment

 

 

 

9,967

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

250

 

 

 

 

—

 

 

 

 

10,217

 

 

 

0.78

%

Construction & Engineering

 

 

 

73,033

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

8

 

 

 

 

37

 

 

 

 

—

 

 

 

 

73,078

 

 

 

5.59

%

Consumer Finance

 

 

 

30,346

 

 

 

 

—

 

 

 

 

1,842

 

 

 

 

—

 

 

 

 

1,563

 

 

 

 

398

 

 

 

 

—

 

 

 

 

34,149

 

 

 

2.61

%

Consumer Staples Distribution & Retail

 

 

 

37,810

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

37,810

 

 

 

2.89

%

Containers & Packaging

 

 

 

58,036

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

58,036

 

 

 

4.44

%

Diversified Consumer Services

 

 

 

202,833

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

1,315

 

 

 

 

—

 

 

 

 

204,148

 

 

 

15.62

%

Diversified Telecommunication Services

 

 

 

72

 

 

 

 

—

 

 

 

 

1,230

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

1,302

 

 

 

0.10

%

Electrical Equipment

 

 

 

33,151

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

33,151

 

 

 

2.54

%

Electronic Equipment, Instruments & Components

 

 

 

76,851

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

76,851

 

 

 

5.88

%

Energy Equipment & Services

 

 

 

3,527

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

3,527

 

 

 

0.27

%

Entertainment

 

 

 

27,098

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

27,098

 

 

 

2.07

%

Financial Services

 

 

 

79,662

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

501

 

 

 

 

527

 

 

 

 

—

 

 

 

 

80,690

 

 

 

6.17

%

Food Products

 

 

 

69,402

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

382

 

 

 

 

1,726

 

 

 

 

—

 

 

 

 

71,510

 

 

 

5.47

%

Ground Transportation

 

 

 

52,525

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

52,525

 

 

 

4.02

%

Health Care Equipment & Supplies

 

 

 

118,916

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

492

 

 

 

 

—

 

 

 

 

119,408

 

 

 

9.13

%

Health Care Providers & Services

 

 

 

286,275

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

120

 

 

 

 

440

 

 

 

 

—

 

 

 

 

286,835

 

 

 

21.94

%

 

Industry

 

First Lien - Secured Debt

 

 

Second Lien - Secured Debt

 

 

Unsecured Debt

 

 

Structured Products and Other

 

 

Preferred Equity

 

 

Common Equity/Interests

 

 

Warrants

 

 

Total

 

 

% of Net Assets

 

Health Care Technology

 

 

 

62,528

 

 

 

 

62

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

62,590

 

 

 

4.79

%

Hotels, Restaurants & Leisure

 

 

 

95,180

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

95,180

 

 

 

7.28

%

Household Durables

 

 

 

26,487

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

26,487

 

 

 

2.03

%

Insurance

 

 

 

69,912

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

22

 

 

 

 

—

 

 

 

 

69,934

 

 

 

5.35

%

Interactive Media & Services

 

 

 

2,324

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

2,324

 

 

 

0.18

%

IT Services

 

 

 

70,368

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

6,920

 

 

 

 

48

 

 

 

 

—

 

 

 

 

77,336

 

 

 

5.92

%

Leisure Products

 

 

 

8,333

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

211

 

 

 

 

85

 

 

 

 

—

 

 

 

 

8,629

 

 

 

0.66

%

Life Sciences Tools & Services

 

 

 

18,832

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

18,832

 

 

 

1.44

%

Machinery

 

 

 

66,983

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

66,983

 

 

 

5.12

%

Media

 

 

 

70,451

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

724

 

 

 

 

772

 

 

 

 

—

 

 

 

 

71,947

 

 

 

5.50

%

Multi-Utilities

 

 

 

16,948

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

36

 

 

 

 

—

 

 

 

 

16,984

 

 

 

1.30

%

Paper & Forest Products

 

 

 

14,588

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

14,588

 

 

 

1.12

%

Personal Care Products

 

 

 

133,689

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

220

 

 

 

 

—

 

 

 

 

133,909

 

 

 

10.24

%

Pharmaceuticals

 

 

 

82,282

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

180

 

 

 

 

227

 

 

 

 

—

 

 

 

 

82,689

 

 

 

6.33

%

Professional Services

 

 

 

79,323

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

1,684

 

 

 

 

—

 

 

 

 

81,007

 

 

 

6.20

%

Software

 

 

 

360,073

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

1,119

 

 

 

 

—

 

 

 

 

361,192

 

 

 

27.63

%

Specialty Retail

 

 

 

17,017

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

17,017

 

 

 

1.30

%

Technology Hardware, Storage & Peripherals

 

 

 

14,066

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

14,066

 

 

 

1.08

%

Textiles, Apparel & Luxury Goods

 

 

 

28,168

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

42

 

 

 

 

—

 

 

 

 

28,210

 

 

 

2.16

%

Trading Companies & Distributors

 

 

 

81,132

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

356

 

 

 

 

—

 

 

 

 

81,488

 

 

 

6.23

%

Transportation Infrastructure

 

 

 

19,128

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

19,128

 

 

 

1.46

%

Total Non-Controlled /
Non-Affiliated Investments

 

$

 

2,793,979

 

 

$

 

62

 

 

$

 

3,072

 

 

$

 

—

 

 

$

 

11,376

 

 

$

 

10,696

 

 

$

 

326

 

 

$

 

2,819,511

 

 

 

215.67

%

% of Net Assets

 

 

 

213.73

%

 

 

 

0.00

%

 

 

 

0.23

%

 

 

 

0.00

%

 

 

 

0.87

%

 

 

 

0.82

%

 

 

 

0.02

%

 

 

 

215.67

%

 

 

 

 

 

 

Industry

 

First Lien - Secured Debt

 

 

Second Lien - Secured Debt

 

 

Unsecured Debt

 

 

Structured Products and Other

 

 

Preferred Equity

 

 

Common Equity/Interests

 

 

Warrants

 

 

Total

 

 

% of Net Assets

 

Non-Controlled / Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chemicals

 

 

 

12,373

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

18,332

 

 

 

 

—

 

 

 

 

30,705

 

 

 

2.35

%

Consumer Finance

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

10,317

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

10,317

 

 

 

0.79

%

Electronic Equipment, Instruments & Components

 

 

 

29,258

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

2,683

 

 

 

 

115

 

 

 

 

—

 

 

 

 

32,056

 

 

 

2.45

%

Financial Services

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

8,033

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

8,033

 

 

 

0.61

%

Ground Transportation

 

 

 

19,344

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

19,344

 

 

 

1.48

%

Hotels, Restaurants & Leisure

 

 

 

3,962

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

2,628

 

 

 

 

—

 

 

 

 

6,590

 

 

 

0.50

%

Leisure Products

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

66

 

 

 

 

—

 

 

 

 

66

 

 

 

0.01

%

Total Non-Controlled / Affiliated Investments

 

$

 

64,937

 

 

$

 

—

 

 

$

 

—

 

 

$

 

18,350

 

 

$

 

2,683

 

 

$

 

21,141

 

 

$

 

—

 

 

$

 

107,111

 

 

 

8.19

%

% of Net Assets

 

 

 

4.96

%

 

 

 

0.00

%

 

 

 

0.00

%

 

 

 

1.40

%

 

 

 

0.21

%

 

 

 

1.62

%

 

 

 

0.00

%

 

 

 

8.19

%

 

 

 

Controlled Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Media

 

 

 

125,373

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

13,045

 

 

 

 

—

 

 

 

 

—

 

 

 

 

138,418

 

 

 

10.59

%

Passenger Airlines

 

 

 

18,575

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

84,223

 

 

 

 

—

 

 

 

 

102,798

 

 

 

7.86

%

Total Controlled Investments

 

$

 

143,948

 

 

$

 

—

 

 

$

 

—

 

 

$

 

—

 

 

$

 

13,045

 

 

$

 

84,223

 

 

$

 

—

 

 

$

 

241,216

 

 

 

18.45

%

% of Net Assets

 

 

 

11.01

%

 

 

 

0.00

%

 

 

 

0.00

%

 

 

 

0.00

%

 

 

 

1.00

%

 

 

 

6.44

%

 

 

 

0.00

%

 

 

 

18.45

%

 

 

 

Total

 

$

 

3,002,864

 

 

$

 

62

 

 

$

 

3,072

 

 

$

 

18,350

 

 

$

 

27,104

 

 

$

 

116,060

 

 

$

 

326

 

 

$

 

3,167,838

 

 

 

242.31

%

% of Net Assets

 

 

 

229.70

%

 

 

 

0.00

%

 

 

 

0.23

%

 

 

 

1.40

%

 

 

 

2.08

%

 

 

 

8.88

%

 

 

 

0.02

%

 

 

 

242.31

%