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Investment Portfolio (Tables)
 6 Months Ended
Jun. 30, 2023
Investment Company [Abstract]  
Schedule of Investments
The following table summarizes the composition of the Company’s investment portfolio at cost and fair value as of June 30, 2023 and December 31, 2022:
 June 30, 2023
(Unaudited)December 31, 2022
 
Amortized
Cost(1)
Fair ValuePercentage
of Portfolio
Amortized
Cost(1)
Fair ValuePercentage
of Portfolio
Senior Secured Loans—First Lien$9,128 $8,782 59.5 %$9,607 $9,278 60.3 %
Senior Secured Loans—Second Lien1,263 1,170 7.9 %1,299 1,194 7.8 %
Other Senior Secured Debt173 129 0.9 %152 110 0.7 %
Subordinated Debt277 288 1.9 %384 265 1.7 %
Asset Based Finance1,939 1,779 12.0 %2,024 1,903 12.4 %
Credit Opportunities Partners JV, LLC1,572 1,381 9.4 %1,572 1,428 9.3 %
Equity/Other1,191 1,235 8.4 %1,276 1,199 7.8 %
Total$15,543 $14,764 100.0 %$16,314 $15,377 100.0 %
________________
(1)Amortized cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, on investments.
The table below describes investments by industry classification and enumerates the percentage, by fair value, of the total portfolio assets in such industries as of June 30, 2023 and December 31, 2022:
June 30, 2023
(Unaudited)December 31, 2022
Industry Classification(1)
Fair
Value		Percentage  of
Portfolio		Fair
Value		Percentage  of
Portfolio
Automobiles & Components$6 0.0 %$25 0.2 %
Capital Goods2,241 15.2 %2,366 15.4 %
Commercial & Professional Services1,713 11.6 %1,670 10.9 %
Consumer Discretionary Distribution & Retail254 1.7 %282 1.8 %
Consumer Durables & Apparel268 1.8 %235 1.5 %
Consumer Services206 1.4 %189 1.2 %
Consumer Staples Distribution & Retail109 0.7 %103 0.7 %
Credit Opportunities Partners JV, LLC1,381 9.4 %1,428 9.3 %
Energy218 1.5 %272 1.8 %
Equity Real Estate Investment Trusts (REITs)300 2.0 %336 2.2 %
Financial Services799 5.4 %844 5.5 %
Food, Beverage & Tobacco218 1.5 %226 1.4 %
Health Care Equipment & Services1,813 12.3 %1,963 12.8 %
Household & Personal Products196 1.3 %242 1.6 %
Insurance846 5.7 %974 6.3 %
Materials228 1.6 %197 1.3 %
Media & Entertainment721 4.9 %695 4.5 %
Pharmaceuticals, Biotechnology & Life Sciences261 1.8 %231 1.5 %
Real Estate Management & Development102 0.7 %156 1.0 %
Software & Services2,524 17.1 %2,591 16.8 %
Technology Hardware & Equipment3 0.0 %1 0.0 %
Telecommunication Services73 0.5 %76 0.5 %
Transportation284 1.9 %275 1.8 %
Total $14,764 100.0 %$15,377 100.0 %
____________
(1)S&P Dow Jones recently updated the Global Industry Classification Standard (GICS) structure. As a result, certain investments categorization as of December 31, 2022 have been updated to reflect their new classification in the above table, for comparability purposes.
Summary of Nonconsolidated Subsidiary Portfolio
Below is a summary of COPJV’s portfolio, followed by a listing of the individual loans in COPJV’s portfolio as of June 30, 2023 and December 31, 2022:
As of
June 30, 2023 (Unaudited)
December 31, 2022
Total debt investments(1)
$3,038.9 $3,363.8 
Weighted average annual yield on accruing debt investments(2)
11.6 %11.0 %
Number of portfolio companies in COPJV118 122 
Largest investment in a single portfolio company$132.4 $132.4 
Unfunded commitments(1)
$3.8 $3.3 
____________
(1)"Debt Investments" means investments that pay or are expected to pay a stated interest rate, stated dividend rate or other similar stated return.
(2)The Weighted Average Annual Yield on Accruing Debt Investments is computed as (i) the sum of (a) the stated annual interest rate, dividend rate or other similar stated return of each accruing Debt Investment, multiplied by its par amount, adjusted to U.S. dollars and for any partial income accrual when necessary, as of the end of the applicable reporting period, plus (b) the annual amortization of the purchase or original issue discount or premium of each accruing Debt Investment; divided by (ii) the total amortized cost of Debt Investments included in the calculated group as of the end of the applicable reporting period. Stated annual interest rate for floating rate Debt Investments assumes the greater of (a) the respective base rate in effect as of June 30, 2023, and (b) the stated base rate floor. The base rate utilized in this calculation may not be indicative of the base rates for specific contracts as of June 30, 2023.

Credit Opportunities Partners JV, LLC Portfolio
As of June 30, 2023 (in millions)
(Unaudited)
Company(a)
FootnotesIndustry
Interest Rate(b)
Base Rate FloorMaturity Date
No. Shares/Principal Amount(c)
Cost
Fair Value(d)
Senior Secured Loans—First Lien—142.7%
48Forty Solutions LLC(e)(o)Commercial & Professional Services
SF+600
1.0%11/30/26$19.3 $19.1 $18.8 
Accuride Corp(h)(j)Capital Goods
SF+525
1.0%5/18/2620.7 20.5 17.0 
Advania Sverige AB(e)(o)Software & Services
SR+610, 0.0% PIK (3.3% Max PIK)
0.0%4/28/28SEK588.0 66.7 53.3 
Advania Sverige AB(e)(o)Software & Services
R+610, 0.0% PIK (3.3% Max PIK)
0.0%4/28/28ISK1,644.9 12.9 11.8 
Affordable Care Inc(e)(h)(o)Health Care Equipment & Services
SF+450, 1.3% PIK (1.3% Max PIK)
0.8%8/2/28$76.2 75.8 75.0 
Alacrity Solutions Group LLC(e)(j)(o)Insurance
SF+525
0.8%12/22/2831.731.130.7
Alera Group Intermediate Holdings Inc(e)(k)(o)Insurance
SF+600
0.8%10/2/2832.131.730.9
Alstom SA(g)(k)(p)Transportation
SF+550, 4.5% PIK (4.5% Max PIK)
1.0%8/29/246.3 5.8 3.0 
American Vision Partners(e)(o)Health Care Equipment & Services
SF+575
0.8%9/30/2719.4 19.3 18.8 
Ammeraal Beltech Holding BV(h)(k)Capital Goods
E+350
0.0%7/30/25€4.8 4.9 5.2 
Apex Group Limited(h)Financial Services
SF+375
0.5%7/27/28$4.2 4.2 4.1 
Apex Group Limited(h)Financial Services
E+400
0.0%7/27/28€1.6 1.9 1.7 
Arcfield Acquisition Corp(e)(o)Capital Goods
SF+575
0.8%3/10/28$8.0 $7.9 $7.9 
Arcos LLC/VA(e)(h)(j)Software & Services
SF+300, 3.3% PIK (3.3% Max PIK)
1.0%4/20/2822.2 22.0 20.3 
Company(a)
FootnotesIndustry
Interest Rate(b)
Base Rate FloorMaturity Date
No. Shares/Principal Amount(c)
Cost
Fair Value(d)
Ardonagh Group Ltd(e)(h)Insurance
SA+725
0.8%7/14/26£3.8 4.7 4.8 
Ardonagh Group Ltd(e)(h)Insurance
E+725
1.0%7/14/26€0.5 0.6 0.5 
Ardonagh Group Ltd(e)(j)(k)(o)Insurance
SF+600
0.8%7/14/26$54.8 54.2 52.9 
athenahealth Inc(k)Health Care Equipment & Services
SF+350
0.5%2/15/297.1 6.4 6.8 
athenahealth Inc(f)Health Care Equipment & Services
SF+350
0.5%2/15/290.9 0.8 0.8 
Barbri Inc(e)(h)Consumer Services
SF+575
0.8%4/28/2847.0 47.0 46.3 
BearCom Acquisition Corp(e)(j)Technology Hardware & Equipment
SF+650, 0.5% PIK (0.5% Max PIK)
1.0%7/5/242.2 2.2 2.2 
BearCom Acquisition Corp(e)(j)Technology Hardware & Equipment
C+650, 0.5% PIK (0.5% Max PIK)
1.0%7/5/24C$14.2 10.6 10.7 
BearCom Acquisition Corp(e)(f)Technology Hardware & Equipment
C+550
1.0%1/5/241.3 1.0 1.0 
Belk IncConsumer Discretionary Distribution & Retail
L+750
1.0%7/31/25$0.6 0.6 0.5 
Belk Inc(g)(p)Consumer Discretionary Distribution & Retail
5.0%, 8.0% PIK (8.0% Max PIK)
7/31/253.1 1.6 0.4 
BGB Group LLC(e)(h)(o)Media & Entertainment
SF+575
1.0%8/16/2754.153.752.5
Bugaboo International BV(e)(h)Consumer Durables & Apparel
E+700, 0.0% PIK (7.8% Max PIK)
0.0%3/20/25€35.0 41.0 38.2 
CFC Underwriting Ltd(e)(h)(j)Insurance
SF+500, 0.0% PIK (2.8% Max PIK)
0.5%5/16/29$39.5 39.2 39.9 
Cision LtdSoftware & Services
SF+375
0.0%1/29/273.8 3.4 2.8 
ClubCorp Club Operations Inc(j)(k)Consumer Services
L+275
0.0%9/18/2431.830.030.5
Creation Technologies Inc(k)Technology Hardware & Equipment
SF+550
0.5%10/5/282.32.12.2
CSafe Global(e)(h)(k)Capital Goods
SF+625
1.0%12/23/2759.159.059.1
CSafe Global(e)(h)Capital Goods
SF+625
1.0%8/13/2817.217.217.2
Cubic Corp(h)Software & Services
SF+425
0.8%5/25/289.09.17.9
Encora Digital LLC(e)(o)Commercial & Professional Services
SF+508, 0.0% PIK (2.3% Max PIK)
0.8%12/20/2816.315.915.8
Envirotainer Ltd(e)(h)Transportation
E+575, 0.0% PIK (3.0% Max PIK)
0.0%7/30/29€14.9 13.9 15.9 
Envirotainer Ltd(e)(h)Transportation
SF+575, 0.0% PIK (3.0% Max PIK)
0.8%7/30/29$7.6 7.4 7.4 
Excelitas Technologies Corp(e)(k)Technology Hardware & Equipment
E+575
0.0%8/12/29€4.0 4.2 4.3 
Excelitas Technologies Corp(e)(j)(k)Technology Hardware & Equipment
SF+575
0.8%8/12/29$24.4 24.223.7
Follett Software Co(e)(h)Software & Services
SF+575
0.8%8/31/2837.337.036.8
Galaxy Universal LLC(e)(h)Consumer Durables & Apparel
SF+500
1.0%11/12/267.57.57.3
Galway Partners Holdings LLC(e)(k)(o)Insurance
SF+525, 0.0% PIK (1.3% Max PIK)
0.8%9/29/2836.736.036.0
General Datatech LP(e)(j)Software & Services
SF+625
1.0%6/18/2718.117.517.4
Greystone Equity Member Corp(e)Financial Services
SF+725
3.8%4/1/2630.230.129.4
HealthChannels LLC(j)Health Care Equipment & Services
SF+450
0.0%4/3/2515.315.311.2
Hermes UK Ltd(e)(k)Transportation
SA+650
0.0%11/30/27£14.7 19.617.4
Higginbotham Insurance Agency Inc(e)(h)Insurance
SF+525
0.8%11/25/26$37.4 37.737.1
Industria Chimica Emiliana Srl(e)(j)(k)(o)Pharmaceuticals, Biotechnology & Life Sciences
E+725
0.0%9/27/26€113.9 125.6117.1
iNova Pharmaceuticals (Australia) Pty Limited(e)(k)Pharmaceuticals, Biotechnology & Life Sciences
B+650
0.8%10/30/28A$34.2 22.522.2
Insight Global LLC(e)(h)(o)Commercial & Professional Services
SF+600
0.8%9/22/28$63.4 62.761.7
KBP Investments LLC(e)(h)Consumer Staples Distribution & Retail
SF+550, 1.0% PIK (1.0% Max PIK)
0.8%5/26/2714.614.613.5
Company(a)
FootnotesIndustry
Interest Rate(b)
Base Rate FloorMaturity Date
No. Shares/Principal Amount(c)
Cost
Fair Value(d)
KBP Investments LLC(e)(h)Consumer Staples Distribution & Retail
SF+700, 1.5% PIK (1.5% Max PIK)
0.8%5/26/279.19.08.4
Kellermeyer Bergensons Services LLC(e)(h)(j)Commercial & Professional Services
SF+600
1.0%11/7/2629.0 28.0 26.5
Lakefield Veterinary Group(e)(o)Health Care Equipment & Services
SF+550
0.8%11/23/2826.926.625.8
Lakeview Farms Inc(e)(j)Food, Beverage & Tobacco
SF+625
1.0%6/10/2715.415.415.1
Lexitas Inc(e)(h)Commercial & Professional Services
SF+675
1.0%5/18/2918.418.318.3
Lionbridge Technologies Inc(e)(h)(j)Media & Entertainment
SF+700
1.0%12/29/2525.325.0 25.4
Lloyd's Register Quality Assurance Ltd(e)(h)(o)Consumer Services
E+600, 0.0% PIK (6.3% Max PIK)
0.0%12/2/28€44.3 48.947.3
MB2 Dental Solutions LLC(e)(h)Health Care Equipment & Services
SF+600
1.0%1/29/27$11.9 11.711.7
Med-Metrix(e)(o)Software & Services
SF+600
1.0%9/15/2711.811.811.8
Misys Ltd(k)Software & Services
L+350
1.0%6/13/242.32.22.2
Motion Recruitment Partners LLC(e)(h)(j)Commercial & Professional Services
SF+650
1.0%12/22/2524.624.424.3
New Era Technology Inc(e)(h)(j)(k)Software & Services
SF+625
1.0%10/31/2633.432.932.8
Novotech Pty Ltd(e)(k)(o)Health Care Equipment & Services
SF+525
0.5%1/13/2824.424.023.9
Novotech Pty Ltd(e)(k)(o)Health Care Equipment & Services
B+525
0.5%1/13/28A$33.7 24.921.9
One Call Care Management Inc(h)Health Care Equipment & Services
SF+550
0.8%4/22/27$4.9 4.93.6
Ontic Engineering & Manufacturing Inc(h)Capital Goods
SF+400
0.0%10/30/262.11.92.1
Pantherx Specialty LLC(e)(j)Pharmaceuticals, Biotechnology & Life Sciences
SF+550
0.5%7/16/2915.814.815.3
Parts Town LLC(e)(h)(k)(o)Consumer Discretionary Distribution & Retail
SF+598
0.8%11/1/2849.248.147.7
Peraton Corp(j)Capital Goods
SF+375
0.8%2/1/288.78.48.6
Plaskolite, LLC(k)Materials
SF+400
0.8%12/15/251.11.11.0 
Precision Global Corp(e)(j)Materials
SF+475
1.0%8/3/248.98.78.8
Pretium Packaging LLC(j)Household & Personal Products
SF+400
0.5%10/2/281.61.61.2
Project Marron(e)(j)(k)Consumer Services
B+625
0.5%7/2/25A$41.0 27.826.4
Project Marron(e)(h)(j)Consumer Services
C+625
0.5%7/2/25C$51.5 39.537.6
Pure Fishing Inc(e)(h)Consumer Durables & Apparel
SF+450
0.0%12/22/25$9.8 9.78.8
Reliant Rehab Hospital Cincinnati LLC(e)(j)(o)Health Care Equipment & Services
SF+625
0.0%3/2/2628.527.818.7
Revere Superior Holdings Inc(e)(k)Software & Services
SF+575
1.0%9/30/2619.519.519.2
Rise Baking Company(e)(j)(k)Food, Beverage & Tobacco
SF+650
1.0%8/13/2730.329.730.1
Rise Baking Company(e)(f)Food, Beverage & Tobacco
SF+650
1.0%8/13/271.91.91.9
RSC Insurance Brokerage Inc(e)(k)Insurance
SF+550
0.8%10/30/2618.718.718.4
Safe-Guard Products International LLC(e)(h)(j)(k)Financial Services
SF+550
0.5%1/27/2771.771.970.2
SAMBA Safety Inc(e)(h)(j)Software & Services
SF+525
1.0%9/1/272726.826.7
SavATree LLC(e)(j)(k)Consumer Services
SF+525
0.8%10/12/2839.439.238.8
SI Group Inc(k)Materials
SF+475
0.0%10/15/251.51.51.2
SIRVA Worldwide Inc(h)Commercial & Professional Services
SF+550
0.0%8/4/256.86.66.1
SitusAMC Holdings Corp(e)(j)(o)Real Estate Management & Development
SF+550
1.0%12/22/2739.338.538.5
Solina France SASU(e)(k)Food, Beverage & Tobacco
SF+650
0.0%7/31/2820.520.320.4
Sorenson Communications LLC(j)Telecommunication Services
SF+550
0.8%3/17/2618.818.217.5
Staples Canada(e)(h)(j)(k)Consumer Discretionary Distribution & Retail
C+700
1.0%9/12/24C$67.8 52.0 52.2
Summit Interconnect Inc(e)(o)Capital Goods
SF+600
1.0%9/22/28$19.4 19.217.8
Time Manufacturing Co(e)(h)Capital Goods
E+650
0.8%12/1/27€29.1 32.329.8
Total Safety US Inc(h)Capital Goods
SF+600
1.0%8/18/25$10.8 9.910.4
Transaction Services Group Ltd(e)(j)(k)(n)(o)Software & Services
B+550
0.0%10/14/26A$124.1 85.4 82.2 
Unifrax I LLC / Unifrax Holding Co(k)Capital Goods
SF+375
0.0%12/12/25$2.8 2.7 2.5 
Company(a)
FootnotesIndustry
Interest Rate(b)
Base Rate FloorMaturity Date
No. Shares/Principal Amount(c)
Cost
Fair Value(d)
Varsity Brands Inc(k)Consumer Durables & Apparel
SF+500
1.0%12/15/263.9 3.8 3.8 
Version1 Software Ltd(e)(k)Software & Services
E+575, 0.0% PIK (1.7% Max PIK)
0.0%7/11/29€2.5 2.5 2.6 
Version1 Software Ltd(e)(k)Software & Services
SA+575, 0.0% PIK (1.7% Max PIK)
0.0%7/11/29£4.0 4.7 5.0 
Wealth Enhancement Group LLC(e)(j)(k)Financial Services
SF+625
1.0%10/4/27$28.0 27.827.9
West Corp(h)Commercial & Professional Services
SF+400
1.0%4/10/274.84.74.4
Woolpert Inc(e)(h)(j)Capital Goods
SF+600
1.0%4/5/2852.752.350.4
Worldwise Inc(e)(h)(j)(k)(o)Household & Personal Products
SF+625, 0.5% PIK (0.5% Max PIK)
1.0%3/29/2857.254.752.8
Yak Access LLC(n)Capital Goods
SF+640
1.0%3/10/280.50.40.4
Total Senior Secured Loans—First Lien2,342.5 2,256.3 
Unfunded Loan Commitments(3.8)(3.8)
Net Senior Secured Loans—First Lien2,338.7 2,252.5 
Senior Secured Loans—Second Lien—22.1%
Access CIG LLC
(h)Commercial & Professional Services
SF+775
0.0%2/27/262.5 2.3 2.4 
Ammeraal Beltech Holding BV(e)(h)(k)(o)Capital Goods
SF+775
0.0%9/12/2642.8 42.2 42.8 
Apex Group Limited(e)(h)(o)Financial Services
SF+675
0.5%7/27/2940.0 39.7 38.1 
Cubic Corp(e)(k)Software & Services
SF+763
0.8%5/25/2910.0 9.7 9.1 
EaglePicher Technologies LLC(h)Capital Goods
SF+725
0.0%3/8/260.4 0.4 0.3 
Element Materials Technology Group US Holdings Inc(e)(h)Commercial & Professional Services
SA+725
0.5%6/24/30£21.0 22.9 26.4 
Misys Ltd(h)(k)(o)Software & Services
SF+725
1.0%6/13/25$46.6 45.0 42.5 
NEP Broadcasting LLC(h)Media & Entertainment
SF+700
0.0%10/19/266.8 6.8 5.0 
OEConnection LLC(e)(h)(j)Software & Services
SF+700
0.5%9/25/2750.0 50.0 48.8 
Paradigm Acquisition Corp(h)(k)Health Care Equipment & Services
SF+750
0.0%10/26/262.5 2.5 2.5 
Peraton Corp(e)(h)Capital Goods
SF+775
0.8%2/1/2921.5 21.3 21.1 
Pretium Packaging LLC(e)(h)(j)Household & Personal Products
SF+675
0.5%10/1/2939.9 39.7 28.4 
Pure Fishing Inc(e)(h)Consumer Durables & Apparel
SF+838
1.0%12/21/2626.5 24.3 22.5 
SIRVA Worldwide Inc(h)(j)Commercial & Professional Services
SF+950
0.0%8/3/2610.3 8.8 8.9 
Valeo Foods Group Ltd(e)(h)Food, Beverage & Tobacco
SA+800
0.0%9/28/29£9.3 11.8 9.5 
Wittur Holding GmbH(e)(g)(n)(p)Capital Goods
E+850, 1.0% PIK (1.0% Max PIK)
0.0%10/4/27€121.7 132.4 41.1 
Total Senior Secured Loans—Second Lien459.8 349.4 
Other Senior Secured Debt—1.3%
One Call Care Management Inc(e)Health Care Equipment & Services
8.5% PIK (8.5% Max PIK)
11/1/28$26.7 26.2 19.7 
Total Other Senior Secured Debt26.219.7
Subordinated Debt—0.3%
athenahealth IncHealth Care Equipment & Services
6.5%
2/15/30$5.5 4.8 4.7 
Total Subordinated Debt4.8 4.7 
Asset Based Finance—33.7%
Abacus JV, Private Equity(e)Insurance30,011,455 30.831.9
Altavair AirFinance, Private Equity(e)Capital Goods33,549,481 39.535.0
GA Capital Specialty Lending Fund, Limited Partnership Interest(e)(n)Financial Services1 0.00.9
Company(a)
FootnotesIndustry
Interest Rate(b)
Base Rate FloorMaturity Date
No. Shares/Principal Amount(c)
Cost
Fair Value(d)
Global Lending Services LLC, Private Equity(e)(n)Financial Services1,546,702 1.51.9
Global Lending Services LLC, Private Equity(e)Financial Services13,944,785 18.314.0
Kilter Finance, Preferred Stock(e)Insurance
12.0%
$24.0 24.024.0
KKR Chord IP Aggregator LP, Partnership Interest(e)Media & Entertainment19,616,330 22.921.5
KKR Zeno Aggregator LP (K2 Aviation), Partnership Interest(e)(n)(p)Capital Goods19,642,734 24.417.6
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
SF+1,050
1.0%9/30/24$4.7 4.74.7
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
E+1,050
1.0%9/30/24€3.6 3.63.9
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
E+650
1.0%9/30/24€5.0 5.05.5
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
SA+650
1.0%9/30/24£1.1 1.31.4
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
SF+650
1.0%9/30/24$6.5 6.56.5
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
SA+1,050
1.0%9/30/24£0.8 0.91.0
Luxembourg Life Fund - Absolute Return Fund I, 1L Term Loan(e)(h)(n)Insurance
SF+750
1.5%2/27/25$18.4 18.418.4
Luxembourg Life Fund - Absolute Return Fund II, Structured Mezzanine(e)(h)Insurance
SF+750
0.5%2/10/27$24.8 24.624.5
Luxembourg Life Fund - Absolute Return Fund III, Term Loan(e)(h)(k)(n)Insurance
SF+925
0.0%5/27/26$55.0 54.655.6
My Community Homes PropCo 2, Private Equity(e)(p)Equity Real Estate Investment Trusts (REITs)33,553,719 33.633.0
NewStar Clarendon 2014-1A Class D(e)(k)(n)Financial Services
12.1%
1/25/27$30.0 9.313.2
Pretium Partners LLC P1, Structured Mezzanine(e)(h)Equity Real Estate Investment Trusts (REITs)
2.8%, 5.3% PIK (5.3% Max PIK)
10/22/26$30.4 29.529.6
Pretium Partners LLC P2, Private Equity(e)Equity Real Estate Investment Trusts (REITs)16,772,368 16.218.2
Pretium Partners LLC P2, Term Loan(e)(h)Equity Real Estate Investment Trusts (REITs)
11.0%
12/16/29$33.5 32.932.9
Roemanu LLC (FKA Toorak Capital Partners LLC), Private Equity(e)Financial Services40,000,000 50.244.1
Saluda Grade Alternative Mortgage Trust 2022-BC2, Structured Mezzanine(e)Real Estate Management & Development
8.0%
7/25/30$5.7 5.75.6
Saluda Grade Alternative Mortgage Trust 2022-BC2, Term Loan(e)Real Estate Management & Development
7.3%
7/25/30$34.5 34.133.4
SG Residential Mortgage Trust 2022-2, Structured MezzanineReal Estate Management & Development
 5.4%
8/25/62$4.6 3.83.9
Star Mountain Strategic Credit Income Fund IV LP, Private Equity(e)Financial Services42,500,000 42.542.8
Verus Securitization Trust 2023-5, Structured MezzanineReal Estate Management & Development
8.1%
6/25/68$2.4 2.12.1
Verus Securitization Trust 2023-5, Structured MezzanineReal Estate Management & Development
8.1%
6/25/68$3.5 3.43.4
Verus Securitization Trust 2023-INV1, Structured MezzanineReal Estate Management & Development
7.6%
2/25/68$1.9 1.71.7
Total Asset Based Finance546.0 532.2 
Equity/Other—10.4%
Company(a)
FootnotesIndustry
Interest Rate(b)
Base Rate FloorMaturity Date
No. Shares/Principal Amount(c)
Cost
Fair Value(d)
Ascent Resources Utica Holdings LLC / ARU Finance Corp, Common Stock(e)(l)(p)Energy13,556 3.6 2.9 
Ascent Resources Utica Holdings LLC / ARU Finance Corp, Trade Claim(e)(l)(p)Energy115,178,571 30.5 24.7 
athenahealth Inc, Preferred Stock(e)Health Care Equipment & Services
10.8% PIK (10.8% Max PIK)
50,000,000 47.6 44.9 
Belk Inc, Common Stock(e)(p)Consumer Discretionary Distribution & Retail381 — — 
Misys Ltd, Preferred Stock(e)Software & Services
L+1,125 PIK (L+1,125 Max PIK)
0.0%27,240,532 26.8 21.3 
One Call Care Management Inc, Common Stock(e)(p)Health Care Equipment & Services34,873 2.2 1.2 
One Call Care Management Inc, Preferred Stock A(e)(p)Health Care Equipment & Services371,993 23.7 17.6 
One Call Care Management Inc, Preferred Stock B(e)Health Care Equipment & Services
9.0% PIK (9.0% Max PIK)
10/25/297,672,346 8.7 7.7 
Pure Gym Ltd, Private Equity(e)(p)Consumer Services30,218,000 39.4 43.4 
Yak Access LLC, Common Stock(n)(p)Capital Goods1,256 — — 
Yak Access LLC, Preferred Stock(n)(p)Capital Goods301,310 — — 
Total Equity/Other182.5 163.7 
TOTAL INVESTMENTS—210.5%
$3,558.0 $3,322.2 
Derivative Instruments—0.2%
Foreign currency forward contracts$3.8 
____________
(a)Security may be an obligation of one or more entities affiliated with the named company.
(b)Certain variable rate securities in the Company’s portfolio bear interest at a rate determined by a publicly disclosed base rate plus a basis point spread. As of June 30, 2023, the three-month London Interbank Offered Rate, or LIBOR or “L”, was 5.55%, the Euro Interbank Offered Rate, or EURIBOR, was 3.58%, Canadian Dollar Offer Rate, or CDOR was 5.40%, the Australian Bank Bill Swap Bid Rate, or BBSY, or “B”, was 4.40%, the Reykjavik Interbank Offered Rate, or REIBOR or "R", was 9.40%, the Stockholm Interbank Offered Rate, or STIBOR or "SR", was 3.81%, the Sterling Overnight Index Average, or SONIA, was 4.93%, the Secured Overnight Financing Rate, or SOFR, was 5.27% and the U.S. Prime Lending Rate, or Prime, was 8.25%. PIK means paid-in-kind. PIK income accruals may be adjusted based on the fair value of the underlying investment.
(c)Denominated in U.S. dollars unless otherwise noted.
(d)Fair value is determined in accordance with the Company's valuation process.
(e)Investments classified as Level 3.
(f)Security is an unfunded commitment. The stated rate reflects the spread disclosed at the time of commitment and may not indicate the actual rate received upon funding.
(g)Asset is on non-accrual status.
(h)Security or portion thereof held within Big Cedar Creek LLC and is pledged as collateral supporting the amounts outstanding under the revolving credit facility with BNP Paribas.
(i)Security or portion thereof held within Boxwood Drive Funding and is pledged as collateral supporting the amounts outstanding under the revolving credit facility with BNP Paribas.
(j)Security or portion thereof held within Chestnut Street Funding LLC and is pledged as collateral supporting the amounts outstanding under the revolving credit facility with Citibank.
(k)Security or portion thereof held within Green Creek LLC and is pledged as collateral supporting the amounts outstanding under the revolving credit facility with Goldman Sachs Bank.
(l)Security or portion thereof held within IC II American Energy Investment, Inc., a wholly-owned subsidiary of the company.
(m)Security or portion thereof held within JCF Cayman Ltd, a wholly-owned subsidiary of the company.
(n)Security or portion thereof held within Jersey City Funding LLC, a wholly-owned subsidiary of the company.
(o)Security or portion thereof held within Magnolia Funding LLC and is pledged as collateral supporting the amounts outstanding under the revolving credit facility with Morgan Stanley.
(p)Security is non-income producing.
Credit Opportunities Partners JV, LLC Portfolio
As of December 31, 2022 (in millions)
Company(a)
FootnotesIndustry
Interest Rate(b)
Base Rate FloorMaturity Date
No. Shares/Principal Amount(c)
Cost
Fair Value(d)
Senior Secured Loans—First Lien—148.1%
48Forty Solutions LLC(e)(o)Commercial & Professional Services
SF+550
1.0%11/30/26$19.4 $19.2 $18.8 
Accuride Corp(i)(j)Capital Goods
L+525
1.0%11/17/2320.8 20.4 17.7 
Advania Sverige AB(e)(o)Software & Services
SR+610, 0.0% PIK (3.3% Max PIK)
0.0%4/28/28SEK588.0 66.6 54.1 
Advania Sverige AB(e)(o)Software & Services
R+610, 0.0% PIK (3.3% Max PIK)
0.0%4/28/28ISK1,644.9 12.8 11.2 
Affordable Care Inc(e)(h)(i)(o)Health Care Equipment & Services
L+550, 0.0% PIK (1.3% Max PIK)
0.8%8/2/28$76.1 75.6 74.6 
Alacrity Solutions Group LLC(e)(j)(o)Insurance
L+525
0.8%12/22/2840.6 39.9 39.1 
Alera Group Intermediate Holdings Inc(e)(k)(o)Insurance
SF+600
0.8%10/2/2832.3 31.9 30.7 
Alstom SA(k)Transportation
L+550, 2.5% PIK (2.5% Max PIK)
1.0%8/29/246.2 5.8 3.5 
American Airlines Group Inc(k)Transportation
L+175
0.0%6/27/252.5 2.3 2.4 
American Vision Partners(e)(o)Health Care Equipment & Services
L+575
0.8%9/30/2719.5 19.3 18.9 
Ammeraal Beltech Holding BV(h)(k)Capital Goods
E+375
0.0%7/30/25€4.8 4.8 4.8 
Apex Group Limited(h)Diversified Financials
L+375
0.5%7/27/28$4.2 4.2 4.0 
Apex Group Limited(h)Diversified Financials
E+400
0.0%7/27/28€1.6 1.9 1.6 
Arcfield Acquisition Corp(e)(o)Capital Goods
L+575
0.8%3/10/28$8.0 8.0 7.9 
Arcos LLC/VA(e)(h)(j)Software & Services
L+575
1.0%3/31/2822.2 22.0 20.6 
Ardonagh Group Ltd(e)(i)Insurance
SA+700
0.8%7/14/26£3.8 4.7 4.5 
Ardonagh Group Ltd(e)(i)Insurance
E+700
1.0%7/14/26€0.5 0.5 0.5 
Ardonagh Group Ltd(e)(j)(k)(o)Insurance
SF+575
0.8%7/14/26$54.8 54.3 53.1 
Arrotex Australia Group Pty Ltd(e)(j)(k)(o)Pharmaceuticals, Biotechnology & Life Sciences
B+525
1.0%7/10/24A$109.4 73.9 74.5 
Arrotex Australia Group Pty Ltd(e)(j)(k)(o)Pharmaceuticals, Biotechnology & Life Sciences
B+525
1.0%7/10/248.0 5.7 5.4 
athenahealth Inc(k)Health Care Equipment & Services
SF+350
0.5%2/15/29$7.1 6.4 6.4 
athenahealth Inc(f)Health Care Equipment & Services
SF+350
0.5%2/15/290.9 0.9 0.8 
Barbri Inc(e)(h)(i)Consumer Services
L+575
0.8%4/28/2847.2 47.3 46.9 
BearCom Acquisition Corp(e)(j)Technology Hardware & Equipment
L+650, 0.0% PIK (0.5% Max PIK)
1.0%7/5/242.2 2.2 2.2 
BearCom Acquisition Corp(e)(j)Technology Hardware & Equipment
C+650, 0.0% PIK (0.5% Max PIK)
1.0%7/5/24$14.3 10.6 10.3 
BearCom Acquisition Corp(e)(f)Technology Hardware & Equipment
C+550
1.0%1/5/241.3 1.0 1.0 
Belk IncRetailing
L+750
1.0%7/31/25$0.6 0.6 0.6 
Belk Inc(g)(p)Retailing
5.0%, 8.0% PIK (8.0% Max PIK)
7/31/253.1 1.7 0.4 
BGB Group LLC(e)(h)(i)(o)Media & Entertainment
L+575
1.0%8/16/2754.4 54.0 53.0 
Big Bus Tours Ltd(e)(j)Consumer Services
L+850 PIK (L+850 Max PIK)
1.0%3/15/2410.7 10.7 8.8 
Big Bus Tours Ltd(e)(j)Consumer Services
E+850 PIK (E+850 Max PIK)
1.0%3/15/24€12.6 14.0 11.0 
Big Bus Tours Ltd(e)(j)Consumer Services
L+850 PIK (L+850 Max PIK)
1.0%3/15/24$7.2 7.2 5.9 
Bugaboo International BV(e)(h)(i)Consumer Durables & Apparel
E+700, 0.0% PIK (7.8% Max PIK)
0.0%3/20/25€35.0 41.0 37.4 
CFC Underwriting Ltd(e)(h)(j)Insurance
SF+500, 0.0% PIK (2.8% Max PIK)
0.5%5/16/29$39.5 38.3 39.2 
Cision LtdSoftware & Services
L+375
0.0%1/29/273.8 3.4 2.4 
ClubCorp Club Operations Inc(j)(k)Consumer Services
L+275
0.0%9/18/2431.9 29.9 28.9 
Creation Technologies Inc(k)Technology Hardware & Equipment
L+550
0.5%10/5/282.32.11.8
CSafe Global(e)(h)(i)(k)Capital Goods
L+625
0.8%12/23/2759.4 59.3 59.4 
CSafe Global(e)(h)Capital Goods
L+625
0.8%8/13/2817.3 17.3 17.3 
Cubic Corp(i)Software & Services
L+425
0.8%5/25/289.1 9.1 7.7 
Company(a)
FootnotesIndustry
Interest Rate(b)
Base Rate FloorMaturity Date
No. Shares/Principal Amount(c)
Cost
Fair Value(d)
EIF Van Hook Holdings LLC(i)(k)Energy
SF+525
0.0%9/5/247.2 $7.0 $7.0 
Emerald Expositions Holding Inc(k)Media & Entertainment
L+250
0.0%5/22/241.4 1.3 1.4 
Encora Digital Inc(e)(o)Software & Services
L+550, 0.0% PIK (2.4% Max PIK)
0.8%12/20/2816.3 15.9 15.4 
Envirotainer Ltd(e)(h)Transportation
E+600, 0.0% PIK (3.0% Max PIK)
0.0%7/30/29€14.9 13.9 15.1 
Envirotainer Ltd(e)(i)Transportation
SF+600, 0.0% PIK (3.0% Max PIK)
0.8%7/30/29$7.6 7.4 7.3 
Excelitas Technologies Corp(e)(k)Technology Hardware & Equipment
E+575
0.0%8/12/29€4.1 4.24.2
Excelitas Technologies Corp(e)(j)(k)Technology Hardware & Equipment
SF+575
0.8%8/12/29$24.5 24.3 23.9 
Follett Software Co(e)(h)(i)Software & Services
L+575
0.8%8/31/2837.5 37.2 36.7 
Galaxy Universal LLC(e)(h)Consumer Durables & Apparel
SF+500
1.0%11/12/268.8 8.8 8.7 
Galway Partners Holdings LLC(e)(k)(o)Insurance
L+525, 0.0% PIK (1.3% Max PIK)
0.8%9/29/2836.9 36.2 36.4 
General Datatech LP(e)(j)Software & Services
L+625
1.0%6/18/2718.3 17.7 17.1 
Greystone Equity Member Corp(e)Diversified Financials
L+725
3.8%4/1/2630.2 30.1 29.3 
HealthChannels LLC(j)Health Care Equipment & Services
L+450
0.0%4/3/2515.4 15.3 10.9 
Hermes UK Ltd(e)(k)Transportation
SA+650
0.0%11/30/27£14.7 19.5 16.1 
Higginbotham Insurance Agency Inc(e)(h)(i)Insurance
L+525
0.8%11/25/26$37.6 38.0 37.7 
Industria Chimica Emiliana Srl(e)(j)(k)(o)Pharmaceuticals, Biotechnology & Life Sciences
E+725
0.0%9/27/26€113.9 125.5 117.1 
iNova Pharmaceuticals (Australia) Pty Limited(e)(k)Pharmaceuticals, Biotechnology & Life Sciences
B+650
0.8%10/30/28A$34.2 22.5 22.6 
Insight Global LLC(e)(h)(i)(o)Commercial & Professional Services
L+600
0.8%9/22/28$63.7 62.9 61.8 
KBP Investments LLC(e)(h)(i)Food & Staples Retailing
SF+550, 0.0% PIK (0.5% Max PIK)
0.8%5/26/2723.6 23.5 21.9 
Kellermeyer Bergensons Services LLC(e)(i)(j)Commercial & Professional Services
L+600
1.0%11/7/2629.2 28.1 26.5 
Lakefield Veterinary Group(e)(o)Health Care Equipment & Services
L+550
0.8%11/23/2827.1 26.7 25.9 
Lakeview Farms Inc(e)(j)Food, Beverage & Tobacco
L+625
1.0%6/10/2715.5 15.4 15.0 
Lexitas Inc(e)(h)Commercial & Professional Services
SF+625
1.0%5/18/2918.5 18.4 18.2 
Lionbridge Technologies Inc(e)(i)(j)Media & Entertainment
SF+700
1.0%12/29/2526.8 26.3 26.9 
Lloyd's Register Quality Assurance Ltd(e)(i)(o)Consumer Services
E+600, 0.0% PIK (6.3% Max PIK)
0.0%12/2/28€44.3 48.8 45.9 
MB2 Dental Solutions LLC(e)(i)Health Care Equipment & Services
SF+600
1.0%1/29/27$11.9 11.8 11.7 
Med-Metrix(e)(o)Software & Services
L+600
1.0%9/15/2711.9 11.9 12.0 
Misys Ltd(k)Software & Services
L+350
1.0%6/13/242.3 2.2 2.0 
Monitronics International Inc(h)(i)(k)Commercial & Professional Services
L+600
1.5%7/3/2435.5 33.7 33.7 
Motion Recruitment Partners LLC(e)(h)(j)Commercial & Professional Services
SF+650
1.0%12/22/2524.8 24.5 24.6 
New Era Technology Inc(e)(h)(j)(k)Software & Services
L+625
1.0%10/31/2634.3 33.8 33.7 
Novotech Pty Ltd(e)(k)(o)Health Care Equipment & Services
SF+525
0.5%1/13/2824.4 23.9 23.6 
Novotech Pty Ltd(e)(k)(o)Health Care Equipment & Services
B+525
0.5%1/13/28A$33.7 24.8 22.1 
One Call Care Management Inc(h)Health Care Equipment & Services
L+550
0.8%4/22/27$4.9 5.0 4.1 
Ontic Engineering & Manufacturing Inc(h)Capital Goods
L+400
0.0%10/30/262.1 1.9 2.1 
Pantherx Specialty LLC(e)(j)Pharmaceuticals, Biotechnology & Life Sciences
SF+550
0.5%7/16/2915.9 14.8 14.6 
Parts Town LLC(e)(h)(k)(o)Retailing
L+550
0.8%11/1/2849.4 48.3 47.8 
Peraton Corp(j)Capital Goods
L+375
0.8%2/1/288.8 8.4 8.6 
Plaskolite, LLC(k)Materials
L+400
0.8%12/15/251.1 1.1 1.0 
Precision Global Corp(e)(j)Materials
L+475
1.0%8/3/248.9 8.7 8.8 
Pretium Packaging LLC(j)Household & Personal Products
L+400
0.5%10/2/28$1.6 1.6 1.3 
Project Marron(e)(h)(j)(k)Consumer Services
B+625
0.5%7/2/25A$81.8 56.4 52.0 
Project Marron(e)(i)(j)Consumer Services
C+625
0.5%7/2/25$52.5 40.1 36.3 
Company(a)
FootnotesIndustry
Interest Rate(b)
Base Rate FloorMaturity Date
No. Shares/Principal Amount(c)
Cost
Fair Value(d)
Pure Fishing Inc(i)Consumer Durables & Apparel
L+450
0.0%12/22/25$9.8 $9.7 $6.6 
Reliant Rehab Hospital Cincinnati LLC(e)(j)(o)Health Care Equipment & Services
L+625
0.0%2/28/2633.6 32.7 26.7 
Revere Superior Holdings Inc(e)(k)Software & Services
L+575
1.0%9/30/2619.6 19.6 19.6 
Rise Baking Company(e)(k)Food, Beverage & Tobacco
L+650
1.0%8/13/270.5 0.5 0.5 
Rise Baking Company(e)(j)(k)Food, Beverage & Tobacco
L+650
1.0%8/13/2730.4 29.8 29.2 
Rise Baking Company(e)(f)Food, Beverage & Tobacco
L+650
1.0%8/13/271.4 1.4 1.4 
RSC Insurance Brokerage Inc(e)(k)Insurance
SF+550
0.8%10/30/2618.8 18.8 18.5 
Safe-Guard Products International LLC(e)(i)(j)(k)Diversified Financials
L+500
0.5%1/27/2771.7 72.1 71.7 
SAMBA Safety Inc(e)(h)(j)Software & Services
L+525
1.0%9/1/2727.1 26.9 26.8 
SavATree LLC(e)(j)(k)Consumer Services
L+550
0.8%10/12/2839.6 39.2 38.9 
SI Group Inc(k)Materials
SF+475
0.0%10/15/251.5 1.5 1.2 
SIRVA Worldwide Inc(i)Commercial & Professional Services
L+550
0.0%8/4/256.9 6.6 6.1 
SitusAMC Holdings Corp(e)(j)(o)Real Estate
L+550
0.8%12/22/2739.5 38.7 38.1 
Sorenson Communications LLC(j)Telecommunication Services
L+550
0.8%3/17/2620.0 19.3 19.1 
Staples Canada(e)(h)(i)(j)(k)Retailing
C+700
1.0%9/12/24$74.2 57.0 55.6 
Summit Interconnect Inc(e)(o)Capital Goods
SF+600
1.0%9/22/28$19.5 19.3 18.4 
Time Manufacturing Co(e)(h)(i)Capital Goods
E+650
0.8%12/1/27€29.2 32.4 29.4 
Total Safety US Inc(h)(i)Capital Goods
L+600
1.0%8/18/25$11.2 10.1 10.6 
Transaction Services Group Ltd(e)(j)(k)(n)(o)Software & Services
B+550
0.0%10/14/26A$124.1 85.3 82.6 
Unifrax I LLC / Unifrax Holding Co(k)Capital Goods
L+375
0.0%12/12/25$2.8 2.7 2.5 
Varsity Brands Inc(k)Consumer Durables & Apparel
L+350
1.0%12/16/244.0 3.8 3.8 
Version1 Software Ltd(e)(k)Software & Services
E+575, 0.0% PIK (1.7% Max PIK)
0.0%7/11/29€2.5 2.5 2.5 
Version1 Software Ltd(e)(k)Software & Services
SA+575, 0.0% PIK (1.7% Max PIK)
0.0%7/11/29£4.0 4.7 4.7 
West Corp(i)Software & Services
L+400
1.0%10/10/24$12.1 12.0 11.2 
West Corp(i)Software & Services
L+350
1.0%10/10/242.5 2.5 2.3 
Woolpert Inc(e)(h)(i)(j)Capital Goods
L+600
1.0%4/5/2853.0 52.6 51.6 
Worldwise Inc(e)(h)(i)(j)(k)(o)Household & Personal Products
SF+625
1.0%3/29/2864.7 61.7 59.8 
Yak Access LLC(e)(n)Capital Goods
SF+825
2.0%1/27/230.2 0.20.2
Yak Access LLC(g)(n)(p)Capital Goods
L+500
0.0%7/11/250.8 0.6 0.3 
Total Senior Secured Loans—First Lien2,522.8 2,418.2 
Unfunded Loan Commitments(3.3)(3.3)
Net Senior Secured Loans—First Lien2,519.5 2,414.9 
Senior Secured Loans—Second Lien—23.6%
Access CIG LLC(h)(i)Commercial & Professional Services
L+775
0.0%2/27/262.5 2.3 2.2 
Ammeraal Beltech Holding BV(e)(h)(k)(o)Capital Goods
L+775
0.0%9/12/2642.8 42.1 41.8 
Apex Group Limited(e)(h)(i)(o)Diversified Financials
L+675
0.5%7/27/2940.0 39.7 37.6 
Cubic Corp(e)(k)Software & Services
L+763
0.8%5/25/2910.0 9.7 9.1 
EaglePicher Technologies LLC(h)Capital Goods
L+725
0.0%3/8/260.4 0.4 0.2 
Element Materials Technology Group US Holdings Inc(e)(h)(i)Commercial & Professional Services
SA+725
0.5%6/24/30£21.0 23.0 24.7 
Misys Ltd(h)(i)(k)(o)Software & Services
L+725
1.0%6/13/25$46.6 44.6 35.1 
NEP Broadcasting LLC(i)Media & Entertainment
L+700
0.0%10/19/266.8 6.7 5.1 
OEConnection LLC(e)(h)(i)(j)Software & Services
SF+700
0.5%9/25/2750.0 50.0 48.4 
Paradigm Acquisition Corp(h)(k)Health Care Equipment & Services
L+750
0.0%10/26/262.5 2.5 2.4 
Peraton Corp(e)(h)(i)Capital Goods
L+775
0.8%2/1/2921.5 21.3 21.2 
Pretium Packaging LLC(e)(h)(i)(j)Household & Personal Products
L+675
0.5%10/1/2939.9 39.7 31.6 
Company(a)
FootnotesIndustry
Interest Rate(b)
Base Rate FloorMaturity Date
No. Shares/Principal Amount(c)
Cost
Fair Value(d)
Pure Fishing Inc(e)(h)Consumer Durables & Apparel
L+838
1.0%12/21/2626.5 $24.2 $14.8 
SIRVA Worldwide Inc(i)(j)Commercial & Professional Services
L+950
0.0%8/3/2610.3 8.7 8.9 
Valeo Foods Group Ltd(e)(h)Food, Beverage & Tobacco
SA+800
0.0%9/28/29£9.3 11.8 9.9 
Wittur Holding GmbH(e)(j)(k)(n)Capital Goods
E+850, 1.0% PIK (1.0% Max PIK)
0.0%9/23/27€121.1 132.4 92.0 
Total Senior Secured Loans—Second Lien459.1 385.0 
Other Senior Secured Debt—1.3%
One Call Care Management Inc(e)Health Care Equipment & Services
8.5% PIK (8.5% Max PIK)
11/1/28$25.6 25.0 20.9 
Total Other Senior Secured Debt25.0 20.9 
Subordinated Debt—1.3%
Arrotex Australia Group Pty Ltd(e)Pharmaceuticals, Biotechnology & Life Sciences
B+1,150 PIK (B+1,150 Max PIK)
1.0%12/22/26A$25.016.2 17.0 
athenahealth IncHealth Care Equipment & Services
6.5%
2/15/30$5.54.8 4.1 
Total Subordinated Debt21.0 21.1 
Asset Based Finance—33.2%
Abacus JV, Private Equity(e)Insurance31,400,804 32.2 34.0 
Altavair AirFinance, Private Equity(e)Capital Goods36,500,000 43.0 42.2 
Connecticut Avenue Securities Trust 2022-R08, Structured MezzanineReal Estate
SF+560
0.0%7/25/42$2.3 2.3 2.4 
GA Capital Specialty Lending Fund, Limited Partnership Interest(e)(n)Diversified Financials1,000,000 — 5.3 
Global Lending Services LLC, Private Equity(e)(n)Diversified Financials2,209,115 2.2 2.4 
Global Lending Services LLC, Private Equity(e)Diversified Financials17,450,851 22.9 18.3 
Kilter Finance, Preferred Stock(e)(k)Insurance
12.0%
$24.0 24.0 24.0 
KKR Chord IP Aggregator LP, Partnership Interest(e)Media & Entertainment19,616,330 22.9 21.1 
KKR Zeno Aggregator LP (K2 Aviation), Partnership Interest(e)(n)(p)Capital Goods19,642,734 24.4 16.6 
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
SF+1,050
1.0%9/30/24$4.7 4.7 4.7 
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
E+1,050
1.0%9/30/24€3.6 3.6 3.9 
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
E+650
1.0%9/30/24€5.0 5.0 5.4 
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
SA+650
1.0%9/30/24£1.1 1.3 1.4 
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
SF+650
1.0%9/30/24$6.5 6.5 6.5 
Lenovo Group Ltd, Structured Mezzanine(e)Technology Hardware & Equipment
SA+1,050
1.0%9/30/24£0.8 0.9 1.0 
Luxembourg Life Fund - Absolute Return Fund I, 1L Term Loan(e)(h)(n)Insurance
L+750
1.5%2/27/25$21.3 21.3 21.3 
Luxembourg Life Fund - Absolute Return Fund III, Term Loan(e)(h)(k)(n)Insurance
L+925
0.0%5/27/26$56.2 55.8 57.0 
Luxembourg Life Fund - Long Term Growth Fund, Term Loan(e)(h)(i)(k)(n)Insurance
SF+925
0.0%4/1/23$67.4 67.4 68.4 
My Community Homes PropCo 2, Private Equity(e)(p)Real Estate17.8%34,708,333 34.7 32.5 
NewStar Clarendon 2014-1A Class D(e)(k)(n)Diversified Financials
2.8%, 5.3% PIK (5.3% Max PIK)
1/25/27$30.0 9.3 12.7 
Company(a)
FootnotesIndustry
Interest Rate(b)
Base Rate FloorMaturity Date
No. Shares/Principal Amount(c)
Cost
Fair Value(d)
Pretium Partners LLC P1, Structured Mezzanine(e)(h)(i)Real Estate10/22/26$29.6 $28.6 $28.3 
Pretium Partners LLC P2, Private Equity(e)Real Estate16,772,368 16.2 13.7 
Roemanu LLC (FKA Toorak Capital Partners LLC), Private Equity(e)Real Estate40,000,000 50.2 47.3 
Saluda Grade Alternative Mortgage Trust 2022-BC2, Term Loan(e)(k)Real Estate7.3%7/25/30$24.0 23.7 23.7 
Sealane Trade Finance(e)(m)(p)Banks1,104,510 1.1 0.2 
SG Residential Mortgage Trust 2022-2, Structured MezzanineReal Estate5.4%9/25/67$4.6 3.8 3.7 
Star Mountain Strategic Credit Income Fund IV LP, Private Equity(e)Diversified Financials42,500,000 42.5 44.0 
Total Asset Based Finance550.5 542.0 
Equity/Other—11.0%
Ascent Resources Utica Holdings LLC / ARU Finance Corp, Common Stock(e)(l)(p)Energy13,556 3.6 4.8 
Ascent Resources Utica Holdings LLC / ARU Finance Corp, Trade Claim(e)(l)(p)Energy115,178,571 30.5 40.5 
athenahealth Inc, Preferred Stock(e)Health Care Equipment & Services
10.8% PIK (10.8% Max PIK)
50,000,000 47.5 43.2 
Belk Inc, Common Stock(e)(p)Retailing381 — — 
Misys Ltd, Preferred Stock(e)Software & Services
L+1,025 PIK (L+1,0255 Max PIK)
0.0%25,265,621 24.8 21.1 
One Call Care Management Inc, Common Stock(e)(p)Health Care Equipment & Services34,873 2.2 1.9 
One Call Care Management Inc, Preferred Stock A(e)(p)Health Care Equipment & Services371,993 23.7 20.6 
One Call Care Management Inc, Preferred Stock B(e)Health Care Equipment & Services
9.0% PIK (9.0% Max PIK)
10/25/297,672,346 8.7 7.7 
Pure Gym Ltd, Private Equity(e)(p)Consumer Services30,218,000 39.4 39.2 
Total Equity/Other180.4 179.0 
TOTAL INVESTMENTS—218.5%
$3,755.5 $3,562.9 
Derivative Instruments—0.7%
Foreign currency forward contracts$11.9 
____________
(a)Security may be an obligation of one or more entities affiliated with the named company.
(b)Certain variable rate securities in the Company’s portfolio bear interest at a rate determined by a publicly disclosed base rate plus a basis point spread. As of December 31, 2022, the three-month London Interbank Offered Rate, or LIBOR or “L”, was 4.77%, the Euro Interbank Offered Rate, or EURIBOR, was 2.13%, Canadian Dollar Offer Rate, or CDOR was 4.94%, the Bank Bill Swap Bid Rate, or BBSY was 3.32%, the Reykjavik Interbank Offered Rate, or REIBOR, was 6.55%, the Stockholm Interbank Offered Rate, or STIBOR, was 2.70%, the Sterling Overnight Index Average, or SONIA, was 3.43%, the
Secured Overnight Financing Rate, or SOFR, was 4.59%, and the U.S. Prime Lending Rate, or Prime, was 7.50%. PIK means paid-in-kind. PIK income accruals may be adjusted based on the fair value of the underlying investment.
(c)Denominated in U.S. dollars unless otherwise noted.
(d)Fair value is determined in accordance with the Company’s valuation process.
(e)Investments classified as Level 3.
(f)Security is an unfunded commitment. The stated rate reflects the spread disclosed at the time of commitment and may not indicate the actual rate received upon funding.
(g)Asset is on non-accrual status..
(h)Security or portion thereof held within Big Cedar Creek LLC and is pledged as collateral supporting the amounts outstanding under the revolving credit facility with BNP Paribas.
(i)Security or portion thereof held within Boxwood Drive Funding and is pledged as collateral supporting the amounts outstanding under the revolving credit facility with BNP Paribas
(j)Security or portion thereof held within Chestnut Street Funding LLC and is pledged as collateral supporting the amounts outstanding under the revolving credit facility with Citibank, N.A.
(k)Security or portion thereof held within Green Creek LLC and is pledged as collateral supporting the amounts outstanding under the revolving credit facility with Goldman Sachs Bank.
(l)Security or portion thereof held within IC II American Energy Investment, Inc., a wholly-owned subsidiary of the company.
(m)Security or portion thereof held within JCF Cayman Ltd and is pledged as collateral supporting the amounts outstanding under the revolving credit facility with Goldman Sachs.
(n)Security or portion thereof held within Jersey City Funding LLC and is pledged as collateral supporting the amounts outstanding under the revolving credit facility with Goldman Sachs.
(o)Security or portion thereof held within Magnolia Funding LLC.
(p)Security is non-income producing.
Below is selected balance sheet information for COPJV as of June 30, 2023 and December 31, 2022:
As of
June 30, 2023
(Unaudited)
December 31, 2022
Selected Balance Sheet Information
Total investments, at fair value$3,322.2 $3,562.9 
Cash and other assets325.6 259.2 
Total assets3,647.8 3,822.1 
Debt1,884.6 1,913.4 
Other liabilities185.1 276.4 
Total liabilities2,069.7 2,189.8 
Member's equity$1,578.1 $1,632.3 
Below is selected statement of operations information for COPJV for the three and six months ended June 30, 2023 and 2022:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Selected Statement of Operations Information
Total investment income$97.4 $75.8 $190.5 $136.7 
Expenses
Interest expense31.8 11.3 61.2 24.9 
Custodian and accounting fees0.4 0.5 0.8 0.9 
Administrative services2.4 2.2 4.8 4.6 
Professional services0.1 0.0 0.2 0.2 
Other0.4 0.0 0.6 0.1 
Total expenses35.1 14.0 67.6 30.7 
Net investment income62.3 61.8 122.9 106.0 
Net realized and unrealized gain (loss)(17.3)(64.6)(51.1)(63.4)
Net increase in net assets resulting from operations$45.0 $(2.8)$71.8 $42.6