NPORT-EX 2 ncslf2.htm SCHEDULE OF INVESTMENTS

NC SLF Inc.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
March 31, 2026
(dollars in thousands)

Portfolio Company (1) (2)
  
Footnotes
Investment
  
Spread Above
Reference Rate (3)
Interest
Rate (3)
Maturity
Date
Par
 Amount
Amortized Cost
Fair Value
% of Net Assets (5)
Investments
                                      
Debt Investments
                                      
Aerospace and Defense
                                      
PAG Holding Corp. (Precision Aviation Group)
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
12/21/2029
  
        14,481
  
          14,285
  
              14,481
  
2.25%
PAG Holding Corp. (Precision Aviation Group)
(4)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
12/21/2029
  
          4,801
  
           4,770
  
                4,801
  
0.75%
Total Aerospace and Defense
                            
          19,055
  
              19,282
  
3.00%
                                       
Air Freight & Logistics
                                      
Kenco PPC Buyer LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.25%
  
7.92%
  
11/15/2029
  
        16,113
  
          15,944
  
              16,043
  
2.49%
Kenco PPC Buyer LLC
  
(4)
  
First Lien Debt (Delayed Draw)
S +
4.25%
  
7.92%
  
11/15/2029
  
          2,574
  
           2,549
  
                2,563
  
0.40%
Kenco PPC Buyer LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.25%
  
8.03%
  
11/15/2029
  
             488
  
                (3)
  
                     (2)
  
0.00%
Total Air Freight & Logistics
                            
          18,490
  
              18,604
  
2.89%
                                       
Auto Components
                                      
Randys Holdings, Inc. (Randy's Worldwide Automotive)
(4) (7)
  
First Lien Debt
  
S +
5.00%
  
8.67%
  
11/1/2029
  
        12,698
  
          12,604
  
              12,518
  
1.95%
Randys Holdings, Inc. (Randy's Worldwide Automotive)
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.67%
  
11/1/2029
  
          4,334
  
           4,183
  
                4,121
  
0.64%
Total Auto Components
                            
          16,787
  
              16,639
  
2.59%
                                       
Beverages
                                      
Refresh Buyer, LLC (Sunny Sky Products)
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.35%
  
12/23/2028
  
          3,348
  
           3,329
  
                3,287
  
0.51%
Refresh Buyer, LLC (Sunny Sky Products)
(4)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.35%
  
12/23/2028
  
             848
  
              848
  
                   832
  
0.13%
Total Beverages
                            
           4,177
  
                4,119
  
0.64%
                                       
Building Products
                                      
Clean Solutions Buyer, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.17%
  
9/9/2030
  
          4,171
  
           4,138
  
                4,100
  
0.64%
Cobalt Service Partners, LLC
  
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
10/13/2031
  
        12,437
  
           9,035
  
                8,979
  
1.40%
Cobalt Service Partners, LLC
  
(4) (7) (10)
First Lien Debt
  
S +
4.75%
  
8.45%
  
10/13/2031
  
          7,159
  
           7,100
  
                7,099
  
1.10%
Vertex Service Partners, LLC
  
(4)
  
First Lien Debt
  
S +
6.00%
  
9.70%
  
11/8/2030
  
          2,267
  
           2,261
  
                2,260
  
0.35%
Vertex Service Partners, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
6.00%
  
9.70%
  
11/8/2030
  
          4,418
  
              858
  
                   731
  
0.11%
Vertex Service Partners, LLC
  
(4)
  
First Lien Debt (Delayed Draw)
S +
6.00%
  
9.70%
  
11/8/2030
  
          4,377
  
           4,372
  
                4,362
  
0.68%
Total Building Products
                            
          27,764
  
              27,531
  
4.28%
                                       
Chemicals
                                      
Chroma Color Corporation
  
(4)
  
First Lien Debt
  
S +
4.25%
  
7.95%
  
4/23/2029
  
          2,983
  
           2,949
  
                2,947
  
0.46%
Chroma Color Corporation
  
(4)
  
First Lien Debt (Delayed Draw)
S +
4.25%
  
7.95%
  
4/23/2029
  
             658
  
              655
  
                   651
  
0.10%
Olympic Buyer, Inc. (Ascensus)
  
(4) (7)
  
First Lien Debt
  
S +
4.35%
  
8.02%
  
6/30/2028
  
        13,818
  
          13,708
  
              11,819
  
1.84%
WCI-Momentum Bidco, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
12/31/2032
  
             275
  
                -
  
                     -
  
0.00%
WCI-Momentum Bidco, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
12/31/2032
  
          1,376
  
           1,370
  
                1,374
  
0.21%
Total Chemicals
                            
          18,682
  
              16,791
  
2.61%
                                       
Commercial Services & Supplies
                                      
Astra Service Partners, LLC
  
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.20%
  
11/26/2032
  
          1,113
  
              223
  
                   216
  
0.03%
Astra Service Partners, LLC
  
(4) (7) (10)
First Lien Debt
  
S +
4.50%
  
8.20%
  
11/26/2032
  
          3,382
  
           3,371
  
                3,364
  
0.52%
FirstCall Mechanical Group, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
6/27/2031
  
          6,452
  
           6,404
  
                6,411
  
1.00%
FirstCall Mechanical Group, LLC
  
(4)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
6/27/2031
  
        12,998
  
          12,991
  
              12,916
  
2.01%
Olympus US Bidco LLC (Phaidon International)
(4) (8)
  
First Lien Debt
  
S +
5.50%
  
9.27%
  
8/22/2029
  
        16,941
  
          16,851
  
              16,232
  
2.52%
Safety Infrastructure Services Intermediate LLC
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.70%
  
7/21/2028
  
          1,230
  
              503
  
                   475
  
0.07%
Safety Infrastructure Services Intermediate LLC
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.70%
  
7/21/2028
  
          3,053
  
           3,034
  
                2,980
  
0.46%
Total Commercial Services & Supplies
                            
          43,377
  
              42,594
  
6.61%
                                       
Construction & Engineering
                                      
CLS Management Services, LLC (Contract Land Staff)
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.70%
  
3/27/2030
  
          2,500
  
                -
  
                   (12)
  
0.00%
CLS Management Services, LLC (Contract Land Staff)
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.70%
  
3/27/2030
  
          3,227
  
           3,204
  
                3,211
  
0.50%
CLS Management Services, LLC (Contract Land Staff)
(4) (10)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.65%
  
3/27/2030
  
          1,297
  
           1,295
  
                1,291
  
0.20%
CLS Management Services, LLC (Contract Land Staff)
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.70%
  
3/27/2030
  
          2,170
  
           1,949
  
                1,941
  
0.30%
ERA Industries, LLC (BTX Precision)
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.42%
  
7/25/2030
  
             361
  
              357
  
                   362
  
0.06%
ERA Industries, LLC (BTX Precision)
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.65%
  
7/25/2030
  
             512
  
              233
  
                   237
  
0.04%
ERA Industries, LLC (BTX Precision)
  
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.67%
  
7/25/2030
  
             674
  
              667
  
                   677
  
0.11%
ERA Industries, LLC (BTX Precision)
  
(4)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.67%
  
7/25/2030
  
             386
  
              385
  
                   388
  
0.06%
Heartland Paving Partners, LLC
  
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.70%
  
8/9/2030
  
          8,316
  
           8,252
  
                8,106
  
1.26%
Heartland Paving Partners, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.70%
  
8/9/2030
  
          5,591
  
           4,969
  
                4,838
  
0.75%
Heartland Paving Partners, LLC
  
(4)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.70%
  
8/9/2030
  
          5,581
  
           5,571
  
                5,440
  
0.85%
ICE USA Infrastructure, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
5.75%
  
9.43%
  
3/15/2030
  
             933
  
              927
  
                   927
  
0.14%
ICE USA Infrastructure, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
5.75%
  
9.42%
  
3/15/2030
  
          2,825
  
           2,804
  
                2,807
  
0.44%
ICE USA Infrastructure, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
5.75%
  
9.42%
  
3/15/2030
  
             787
  
              781
  
                   782
  
0.12%
MEI Buyer LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.25%
  
7.92%
  
6/29/2029
  
          5,401
  
           5,335
  
                5,402
  
0.84%
MEI Buyer LLC
  
(4)
  
First Lien Debt (Delayed Draw)
S +
4.25%
  
7.92%
  
6/29/2029
  
             864
  
              862
  
                   864
  
0.13%
USA Industries Holdings LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.25%
  
7.91%
  
12/10/2032
  
          1,367
  
                -
  
                     (2)
  
0.00%
USA Industries Holdings LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.25%
  
7.91%
  
12/10/2032
  
          2,387
  
           2,376
  
                2,383
  
0.37%
WSB Engineering Holdings Inc.
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.20%
  
8/31/2029
  
        14,499
  
           3,538
  
                3,460
  
0.54%
WSB Engineering Holdings Inc.
  
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.17%
  
8/31/2029
  
          3,077
  
           3,049
  
                3,051
  
0.47%
WSB Engineering Holdings Inc.
  
(4)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.17%
  
8/31/2029
  
          2,021
  
           2,014
  
                2,004
  
0.31%
Total Construction & Engineering
                            
          48,568
  
              48,157
  
7.49%
                                       
Construction Materials
                                      
Java Buyer, Inc.
  
(4) (7)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
12/15/2030
  
        15,001
  
          14,918
  
              14,971
  
2.33%
SCIC Buyer, Inc.
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
3/28/2031
  
          1,352
  
              205
  
                   235
  
0.04%
SCIC Buyer, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
3/28/2031
  
          6,384
  
           6,328
  
                6,510
  
1.01%
Total Construction Materials
                            
          21,451
  
              21,716
  
3.38%
                                       
Containers & Packaging
                                      
Impact Parent Corporation (Impact Environmental Group)
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.25%
  
9.05%
  
3/23/2029
  
          2,739
  
           2,561
  
                2,540
  
0.39%
Impact Parent Corporation (Impact Environmental Group)
(4)
  
First Lien Debt
  
S +
5.25%
  
9.05%
  
3/23/2029
  
          3,550
  
           3,509
  
                3,514
  
0.55%
Impact Parent Corporation (Impact Environmental Group)
(4) (10)
  
First Lien Debt
  
S +
5.25%
  
9.05%
  
3/23/2029
  
             728
  
              719
  
                   720
  
0.11%
Impact Parent Corporation (Impact Environmental Group)
(4)
  
First Lien Debt (Delayed Draw)
S +
5.25%
  
9.05%
  
3/23/2029
  
          1,659
  
           1,654
  
                1,642
  
0.26%
Impact Parent Corporation (Impact Environmental Group)
(4)
  
First Lien Debt (Delayed Draw)
S +
5.25%
  
9.05%
  
3/23/2029
  
          1,501
  
           1,499
  
                1,485
  
0.23%
Impact Parent Corporation (Impact Environmental Group)
(4)
  
First Lien Debt (Delayed Draw)
S +
5.25%
  
9.05%
  
3/23/2029
  
          3,238
  
           3,230
  
                3,205
  
0.50%
New Spartech Holdings LLC
  
(4)
  
First Lien Debt
  
S +
7.00%
  
10.67%
  
3/31/2030
  
             954
  
              938
  
                   954
  
0.15%
New Spartech Holdings LLC
  
(4) (7)
  
First Lien Debt
  
S +
1.00%
  
4.67% (Cash) 4.25% (PIK)
9/30/2030
  
          1,622
  
           1,622
  
                1,384
  
0.22%
Online Labels Group, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
12/19/2029
  
          1,571
  
           1,561
  
                1,571
  
0.24%
Online Labels Group, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
12/19/2029
  
             195
  
                (1)
  
                     -
  
0.00%
Online Labels Group, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
12/19/2029
  
             194
  
                96
  
                    96
  
0.01%
Pelican Products, Inc.
  
(7) (9)
  
First Lien Debt
  
S +
4.25%
  
8.21%
  
12/29/2028
  
          7,660
  
           7,626
  
                6,837
  
1.06%
Performance Packaging Buyer, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.13%
  
4/15/2031
  
          3,030
  
           3,003
  
                3,007
  
0.47%
Total Containers & Packaging
                            
          28,017
  
              26,955
  
4.19%
                                       
Distributors
                                      
Motion & Control Enterprises LLC
  
(4) (10)
First Lien Debt
  
S +
6.00%
  
9.67%
  
6/1/2028
  
          3,941
  
           3,918
  
                3,914
  
0.61%
Motion & Control Enterprises LLC
  
(4) (10)
  
First Lien Debt
  
S +
6.00%
  
9.67%
  
6/1/2028
  
             543
  
              541
  
                   540
  
0.08%
Motion & Control Enterprises LLC
  
(4)
  
First Lien Debt (Delayed Draw)
S +
6.00%
  
9.67%
  
6/1/2028
  
        10,848
  
          10,848
  
              10,775
  
1.67%
Motion & Control Enterprises LLC
  
(4)
  
First Lien Debt (Delayed Draw)
S +
6.00%
  
9.67%
  
6/1/2028
  
          3,941
  
           3,941
  
                3,914
  
0.61%
Rhino Intermediate Holding Company, LLC (Rhino Tool House)
(4) (10)
  
First Lien Debt
  
S +
5.25%
  
9.06%
  
4/4/2029
  
          2,885
  
           2,871
  
                2,832
  
0.44%
Rhino Intermediate Holding Company, LLC (Rhino Tool House)
(4) (10)
  
First Lien Debt
  
S +
5.25%
  
9.15%
  
4/4/2029
  
          5,897
  
           5,839
  
                5,789
  
0.90%
Rhino Intermediate Holding Company, LLC (Rhino Tool House)
(4)
  
First Lien Debt (Delayed Draw)
S +
5.25%
  
9.16%
  
4/4/2029
  
          1,050
  
           1,048
  
                1,031
  
0.16%
Total Distributors
                            
          29,006
  
              28,795
  
4.47%
                                       
Diversified Consumer Services
                                      
Excel Fitness Consolidator LLC
  
(4) (10)
First Lien Debt
  
S +
4.75%
  
8.45%
  
4/29/2030
  
        11,875
  
          11,802
  
              11,723
  
1.82%
Excel Fitness Consolidator LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
4/29/2030
  
             826
  
                (4)
  
                   (11)
  
0.00%
Perennial Services Group, LLC
  
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.20%
  
12/23/2032
  
          4,155
  
           1,847
  
                1,772
  
0.28%
Perennial Services Group, LLC
  
(4) (7) (10)
First Lien Debt
  
S +
4.50%
  
8.20%
  
12/23/2032
  
          5,694
  
           5,669
  
                5,592
  
0.87%
Yard-Nique, Inc.
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
9/29/2028
  
          1,192
  
                -
  
                     (7)
  
0.00%
Yard-Nique, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
9/29/2028
  
          6,196
  
           6,158
  
                6,159
  
0.96%
Total Diversified Consumer Services
                            
          25,472
  
              25,228
  
3.93%
                                       
Diversified Financial Services
                                      
Ascend Partner Services LLC
  
(4) (10)
First Lien Debt
  
S +
4.50%
  
8.13%
  
8/11/2031
  
          7,157
  
           7,100
  
                6,944
  
1.08%
Ascend Partner Services LLC
  
(4)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.13%
  
8/11/2031
  
        12,398
  
          12,351
  
              12,028
  
1.87%
Cohen Advisory, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.20%
  
12/31/2031
  
          2,100
  
                85
  
                    94
  
0.01%
Cohen Advisory, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.20%
  
12/31/2031
  
          3,734
  
           3,703
  
                3,734
  
0.58%
KRIV Acquisition, Inc. (Riveron)
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
7/31/2031
  
        11,044
  
          10,827
  
              10,980
  
1.71%
Sagebrush Buyer, LLC (Province)
  
(4)
  
First Lien Debt
  
S +
4.75%
  
8.42%
  
7/1/2030
  
          2,384
  
           2,370
  
                2,365
  
0.37%
Sagebrush Buyer, LLC (Province)
  
(4)
  
First Lien Debt
  
S +
4.75%
  
8.42%
  
7/1/2030
  
          1,490
  
           1,481
  
                1,478
  
0.23%
Sagebrush Buyer, LLC (Province)
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.42%
  
7/1/2030
  
          1,947
  
           1,932
  
                1,932
  
0.30%
Smith & Howard Advisory LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.66%
  
11/26/2030
  
             993
  
              418
  
                   395
  
0.06%
Smith & Howard Advisory LLC
  
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.66%
  
11/26/2030
  
          2,939
  
           2,924
  
                2,873
  
0.45%
Vensure Employer Services, Inc.
  
(4) (7) (10)
First Lien Debt
  
S +
5.00%
  
8.67%
  
9/27/2031
  
        15,517
  
          15,422
  
              15,388
  
2.39%
Total Diversified Financial Services
                            
          58,613
  
              58,211
  
9.05%
                                       
Diversified Telecommunication Services
                                      
Sapphire Telecom, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.70%
  
6/27/2029
  
          8,183
  
           8,137
  
                8,181
  
1.27%
Total Diversified Telecommunication Services
                          
           8,137
  
                8,181
  
1.27%
                                       
Electric Utilities
                                      
Industrial Air Flow Dynamics, Inc.
  
(4) (6) (7)
  
First Lien Debt (Delayed Draw)
  
S +
5.00%
  
8.70%
  
8/14/2030
  
          1,673
  
                -
  
                   (29)
  
0.00%
Industrial Air Flow Dynamics, Inc.
  
(4) (7) (10)
  
First Lien Debt
  
S +
5.00%
  
8.70%
  
8/14/2030
  
          6,325
  
           6,297
  
                6,214
  
0.97%
Total Electric Utilities
                            
           6,297
  
                6,185
  
0.97%
                                       
Electrical Equipment
                                      
Force Electrical Buyerco, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.17%
  
10/21/2032
  
          4,537
  
              345
  
                   320
  
0.05%
Force Electrical Buyerco, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.17%
  
10/21/2032
  
          2,662
  
           2,649
  
                2,647
  
0.41%
Matador US Buyer, LLC (Insulation Technology Group)
(4) (8) (10)
First Lien Debt
  
S +
5.00%
  
8.67%
  
6/25/2030
  
          9,609
  
           9,536
  
                9,635
  
1.50%
Matador US Buyer, LLC (Insulation Technology Group)
(4) (8)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.67%
  
6/25/2030
  
          2,542
  
           2,542
  
                2,549
  
0.40%
RMS Energy Borrower LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.20%
  
9/30/2032
  
          1,181
  
              488
  
                   474
  
0.07%
RMS Energy Borrower LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.20%
  
9/30/2032
  
          6,466
  
           6,436
  
                6,377
  
0.99%
Total Electrical Equipment
                            
          21,996
  
              22,002
  
3.42%
                                       
Electronic Equipment, Instruments & Components
                                    
INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions)
(4) (10)
  
First Lien Debt
  
S +
5.50%
  
9.32%
  
1/19/2029
  
          8,403
  
           8,321
  
                8,264
  
1.28%
INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions)
(4) (10)
  
First Lien Debt (Delayed Draw)
S +
5.50%
  
9.32%
  
1/19/2029
  
          1,708
  
           1,679
  
                1,679
  
0.26%
Total Electronic Equipment, Instruments & Components
                          
          10,000
  
                9,943
  
1.54%
                                       
Energy Equipment & Services
                                      
Env Automation Acquisition,LLC
  
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.17%
  
12/8/2031
  
          2,021
  
              310
  
                   305
  
0.05%
Env Automation Acquisition,LLC
  
(4) (7) (10)
First Lien Debt
  
S +
4.50%
  
8.17%
  
12/8/2031
  
          4,176
  
           4,157
  
                4,166
  
0.65%
Environ Energy, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.25%
  
8.92%
  
10/1/2031
  
          2,644
  
              405
  
                   403
  
0.06%
Environ Energy, LLC
  
(4) (10)
  
First Lien Debt
  
S +
5.25%
  
8.92%
  
10/1/2031
  
          4,483
  
           4,452
  
                4,449
  
0.69%
Ovation Holdings, Inc
  
(4)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
2/4/2030
  
          3,404
  
           3,378
  
                3,387
  
0.53%
Ovation Holdings, Inc
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
2/4/2030
  
             408
  
              404
  
                   405
  
0.06%
Ovation Holdings, Inc
  
(4)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
2/4/2030
  
          6,871
  
           6,792
  
                6,838
  
1.06%
Ovation Holdings, Inc
  
(4)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
2/4/2030
  
          1,626
  
           1,615
  
                1,618
  
0.25%
SI Solutions, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.42%
  
8/15/2030
  
          2,434
  
              479
  
                   476
  
0.07%
SI Solutions, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.42%
  
8/15/2030
  
          5,103
  
           5,065
  
                5,086
  
0.79%
SI Solutions, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.42%
  
8/15/2030
  
          2,258
  
           2,250
  
                2,251
  
0.35%
Total Energy Equipment & Services
                            
          29,307
  
              29,384
  
4.56%
                                       
Food Products
                                      
AmerCareRoyal, LLC
  
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.67%
  
9/10/2030
  
        14,007
  
          13,898
  
              13,834
  
2.15%
AmerCareRoyal, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.67%
  
9/10/2030
  
          3,257
  
                -
  
                   (40)
  
-0.01%
AmerCareRoyal, LLC
  
(4)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.67%
  
9/10/2030
  
          2,231
  
           2,223
  
                2,203
  
0.34%
Commercial Bakeries Corp.
  
(4) (8) (10)
First Lien Debt
  
S +
5.25%
  
8.95%
  
9/25/2029
  
          7,246
  
           7,156
  
                7,209
  
1.12%
Commercial Bakeries Corp.
  
(4) (8) (10)
First Lien Debt
  
S +
5.25%
  
8.95%
  
9/25/2029
  
          1,833
  
           1,822
  
                1,823
  
0.28%
Commercial Bakeries Corp.
  
(4) (8) (10)
First Lien Debt
  
S +
5.25%
  
8.90%
  
9/25/2029
  
             870
  
              866
  
                   866
  
0.13%
FoodScience, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.36%
  
11/14/2031
  
          2,743
  
              897
  
                   899
  
0.14%
FoodScience, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.49%
  
11/14/2031
  
          2,548
  
           2,527
  
                2,544
  
0.40%
Naturpak PPC Buyer LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.20%
  
12/22/2032
  
             815
  
                -
  
                     (3)
  
0.00%
Naturpak PPC Buyer LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.20%
  
12/22/2032
  
          3,588
  
           3,572
  
                3,577
  
0.56%
Nellson Nutraceutical, LLC
  
(4) (7) (10)
First Lien Debt
  
S +
5.75%
  
9.45%
  
4/17/2031
  
        11,436
  
          11,334
  
              11,447
  
1.78%
Nellson Nutraceutical, LLC
  
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
5.75%
  
9.45%
  
4/17/2031
  
             595
  
                (1)
  
                      1
  
0.00%
Nellson Nutraceutical, LLC
  
(4) (7) (10)
First Lien Debt
  
S +
5.75%
  
9.45%
  
4/17/2031
  
          7,574
  
           7,507
  
                7,582
  
1.18%
Sugar PPC Buyer LLC (Sugar Foods)
  
(4) (7) (10)
First Lien Debt
  
S +
4.75%
  
8.42%
  
10/2/2031
  
          5,752
  
           5,654
  
                5,721
  
0.89%
Sugar PPC Buyer LLC (Sugar Foods)
  
(4) (7)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.42%
  
10/2/2031
  
          1,598
  
           1,586
  
                1,589
  
0.25%
Total Food Products
                            
          59,041
  
              59,252
  
9.21%
                                       
Gas Utilities
                                      
DH United Holdings, LLC (D&H United Fueling Solutions)
(4) (10)
First Lien Debt
  
S +
5.00%
  
8.84%
  
9/15/2028
  
          7,137
  
           7,073
  
                7,002
  
1.09%
DH United Holdings, LLC (D&H United Fueling Solutions)
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.84%
  
9/15/2028
  
          1,402
  
                (4)
  
                   (26)
  
0.00%
DH United Holdings, LLC (D&H United Fueling Solutions)
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.84%
  
9/15/2028
  
          2,356
  
           2,331
  
                2,312
  
0.36%
DH United Holdings, LLC (D&H United Fueling Solutions)
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.84%
  
9/15/2028
  
          2,825
  
           2,373
  
                2,327
  
0.36%
DH United Holdings, LLC (D&H United Fueling Solutions)
(4) (10)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.84%
  
9/15/2028
  
          2,272
  
           2,263
  
                2,229
  
0.35%
DH United Holdings, LLC (D&H United Fueling Solutions)
(4) (10)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.84%
  
9/15/2028
  
          1,068
  
           1,066
  
                1,048
  
0.16%
Total Gas Utilities
                            
          15,102
  
              14,892
  
2.32%
                                       
Health Care Equipment & Supplies
                                      
ACP Maverick Holdings, Inc. 
  
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
3/18/2031
  
          3,567
  
           2,880
  
                2,878
  
0.45%
ACP Maverick Holdings, Inc. 
  
(4) (7) (10)
First Lien Debt
  
S +
4.75%
  
8.45%
  
3/18/2031
  
        15,957
  
          15,820
  
              15,885
  
2.47%
Bridges Consumer Healthcare Intermediate LLC
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.25%
  
8.87%
  
12/22/2031
  
          2,099
  
                (9)
  
                   (30)
  
0.00%
Bridges Consumer Healthcare Intermediate LLC
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.25%
  
8.87%
  
12/22/2031
  
          1,192
  
              947
  
                   934
  
0.15%
Bridges Consumer Healthcare Intermediate LLC
(4) (10)
  
First Lien Debt
  
S +
5.25%
  
8.87%
  
12/22/2031
  
          2,499
  
           2,478
  
                2,464
  
0.38%
HLSG Intermediate, LLC
  
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.42%
  
2/2/2033
  
             903
  
                -
  
                     (4)
  
0.00%
HLSG Intermediate, LLC
  
(4) (7) (10)
First Lien Debt
  
S +
4.75%
  
8.42%
  
2/2/2033
  
          2,769
  
           2,757
  
                2,757
  
0.43%
HMN Acquirer Corp.
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.20%
  
11/5/2031
  
          1,056
  
                (2)
  
                     (9)
  
0.00%
HMN Acquirer Corp.
  
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.20%
  
11/5/2031
  
          2,836
  
           2,813
  
                2,812
  
0.44%
Impact Advisors, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.20%
  
3/19/2032
  
          7,010
  
                12
  
                   (42)
  
-0.01%
Impact Advisors, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.20%
  
3/19/2032
  
        12,492
  
          12,382
  
              12,342
  
1.92%
Tidi Legacy Products, Inc.
  
(4) (7) (10)
First Lien Debt
  
S +
4.50%
  
8.17%
  
12/19/2029
  
          7,326
  
           7,278
  
                7,326
  
1.14%
Tidi Legacy Products, Inc.
  
(4) (7)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.17%
  
12/19/2029
  
          1,963
  
           1,962
  
                1,962
  
0.30%
YI, LLC (Young Innovations)
  
(4) (7) (10)
First Lien Debt
  
S +
5.75%
  
9.43%
  
12/3/2029
  
        11,020
  
          10,950
  
              10,818
  
1.68%
Total Health Care Equipment & Supplies
                            
          60,268
  
              60,093
  
9.35%
                                       
Health Care Providers & Services
                                      
AB Centers Acquisition Corporation (Action Behavior Centers)
(4) (10)
  
First Lien Debt
  
S +
5.25%
  
8.92%
  
7/2/2031
  
          6,737
  
           6,683
  
                6,655
  
1.03%
AB Centers Acquisition Corporation (Action Behavior Centers)
(4) (10)
  
First Lien Debt
  
S +
5.25%
  
8.92%
  
7/2/2031
  
          1,652
  
           1,646
  
                1,631
  
0.25%
AB Centers Acquisition Corporation (Action Behavior Centers)
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.25%
  
8.92%
  
7/2/2031
  
          1,235
  
              606
  
                   593
  
0.09%
AB Centers Acquisition Corporation (Action Behavior Centers)
(4) (10)
  
First Lien Debt
  
S +
5.25%
  
8.92%
  
7/2/2031
  
          9,984
  
           9,951
  
                9,861
  
1.53%
Bluebird PM Buyer, Inc.
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
2/3/2032
  
             502
  
                (1)
  
                     -
  
0.00%
Bluebird PM Buyer, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
2/3/2032
  
          3,644
  
           3,614
  
                3,644
  
0.57%
Dermatology Intermediate Holdings III, Inc. (Forefront Dermatology)
(7) (9) (10)
First Lien Debt
  
S +
4.25%
  
7.92%
  
3/30/2029
  
          4,498
  
           4,461
  
                4,259
  
0.66%
Eyesouth Eye Care Holdco LLC
  
(4)
  
First Lien Debt
  
S +
5.50%
  
9.27%
  
10/5/2029
  
          7,588
  
           7,490
  
                7,480
  
1.16%
Eyesouth Eye Care Holdco LLC
  
(4)
  
First Lien Debt (Delayed Draw)
S +
5.50%
  
9.27%
  
10/5/2029
  
          2,488
  
           2,488
  
                2,452
  
0.38%
JKC Buyer, Inc. (J. Knipper and Company Inc)
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.13%
  
2/13/2032
  
          2,624
  
           2,604
  
                2,581
  
0.40%
JKC Buyer, Inc. (J. Knipper and Company Inc)
(4) (10)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.13%
  
2/13/2032
  
             908
  
              904
  
                   893
  
0.14%
OMERS Relief Acquisition, LLC (Gastro Health)
(4)
  
First Lien Debt
  
S +
4.50%
  
8.28%
  
7/3/2028
  
          8,058
  
           8,039
  
                8,025
  
1.25%
Promptcare Infusion Buyer, Inc.
  
(4) (7)
  
First Lien Debt
  
S +
6.00%
  
9.95%
  
9/1/2027
  
          9,002
  
           8,999
  
                9,002
  
1.40%
Promptcare Infusion Buyer, Inc.
  
(4) (7)
  
First Lien Debt (Delayed Draw)
S +
6.00%
  
9.95%
  
9/1/2027
  
          1,402
  
           1,402
  
                1,402
  
0.22%
Promptcare Infusion Buyer, Inc.
  
(4) (7)
  
First Lien Debt (Delayed Draw)
S +
6.00%
  
9.95%
  
9/1/2027
  
             615
  
              615
  
                   615
  
0.10%
Sandlot Buyer, LLC (Prime Time Healthcare)
(4)
  
First Lien Debt
  
S +
6.25%
  
10.02%
  
9/19/2028
  
        15,425
  
          15,198
  
              14,925
  
2.32%
VMG Holdings LLC (VMG Health)
  
(4)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.70%
  
4/16/2030
  
             224
  
              224
  
                   222
  
0.03%
VMG Holdings LLC (VMG Health)
  
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.70%
  
4/16/2030
  
             447
  
              445
  
                   444
  
0.07%
VMG Holdings LLC (VMG Health)
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
4/16/2030
  
             491
  
              487
  
                   487
  
0.08%
VMG Holdings LLC (VMG Health)
  
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.70%
  
4/16/2030
  
          6,831
  
           6,781
  
                6,779
  
1.05%
Total Health Care Providers & Services
                            
          82,636
  
              81,950
  
12.73%
                                       
Hotels, Restaurants & Leisure
                                      
Davidson Hotel Company LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.67%
  
10/31/2031
  
             458
  
                40
  
                    46
  
0.01%
Davidson Hotel Company LLC
  
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.67%
  
10/31/2031
  
          1,374
  
           1,363
  
                1,388
  
0.22%
Total Hotels, Restaurants & Leisure
                            
           1,403
  
                1,434
  
0.23%
                                       
Household Durables
                                      
AMS Parent, LLC (All My Sons)
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.71%
  
10/25/2028
  
          5,709
  
           5,700
  
                5,709
  
0.89%
Total Household Durables
                            
           5,700
  
                5,709
  
0.89%
                                       
Household Products
                                      
DRS Holdings III, Inc.
  
(4) (7) (10)
First Lien Debt
  
S +
5.25%
  
8.92%
  
11/1/2028
  
          1,231
  
           1,226
  
                1,226
  
0.19%
MPG Parent Holdings, LLC (Market Performance Group)
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.66%
  
1/8/2030
  
          5,971
  
           5,931
  
                5,995
  
0.93%
MPG Parent Holdings, LLC (Market Performance Group)
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.67%
  
1/8/2030
  
          2,163
  
              449
  
                   461
  
0.07%
MPG Parent Holdings, LLC (Market Performance Group)
(4)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.66%
  
1/8/2030
  
          1,466
  
           1,466
  
                1,472
  
0.23%
Total Household Products
                            
           9,072
  
                9,154
  
1.42%
                                       
Industrial Conglomerates
                                      
ISG Enterprises, LLC (Industrial Service Group)
(4)
  
First Lien Debt
  
S +
5.75%
  
9.42%
  
12/7/2028
  
          5,580
  
           5,524
  
                5,392
  
0.84%
ISG Enterprises, LLC (Industrial Service Group)
(4)
  
First Lien Debt (Delayed Draw)
S +
5.75%
  
9.42%
  
12/7/2028
  
          2,905
  
           2,900
  
                2,807
  
0.44%
ISG Enterprises, LLC (Industrial Service Group)
(4)
  
First Lien Debt (Delayed Draw)
S +
5.75%
  
9.42%
  
12/7/2028
  
        10,257
  
          10,256
  
                9,911
  
1.54%
Total Industrial Conglomerates
                            
          18,680
  
              18,110
  
2.82%
                                       
Insurance
                                      
Compex Legal Services, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
5.75%
  
9.51%
  
3/31/2028
  
          3,627
  
           3,616
  
                3,616
  
0.56%
Knight AcquireCo, LLC
  
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.16%
  
11/8/2032
  
             677
  
                -
  
                     (2)
  
0.00%
Knight AcquireCo, LLC
  
(4) (7) (10)
First Lien Debt
  
S +
4.50%
  
8.16%
  
11/8/2032
  
          2,032
  
           2,028
  
                2,026
  
0.31%
Patriot Growth Insurance Services, LLC
  
(4) (7)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.85%
  
10/16/2028
  
          8,763
  
           8,723
  
                8,656
  
1.35%
Total Insurance
                            
          14,367
  
              14,296
  
2.22%
                                       
Internet and Direct Marketing Retail
                                      
XpressMyself.com LLC (SmartSign)
  
(4)
  
First Lien Debt
  
S +
5.50%
  
9.27%
  
9/7/2028
  
          7,141
  
           7,113
  
                7,141
  
1.11%
XpressMyself.com LLC (SmartSign)
  
(4)
  
First Lien Debt
  
S +
5.75%
  
9.51%
  
9/7/2028
  
          2,619
  
           2,593
  
                2,619
  
0.41%
Total Internet and Direct Marketing Retail
                          
           9,706
  
                9,760
  
1.52%
                                       
IT Services
                                      
360 Holdco, Inc. (360 Training)
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.42%
  
8/2/2028
  
          1,477
  
           1,469
  
                1,460
  
0.23%
360 Holdco, Inc. (360 Training)
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.42%
  
8/2/2028
  
          1,346
  
              164
  
                   148
  
0.02%
Arctiq, Inc.
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.42%
  
2/3/2032
  
          1,295
  
                -
  
                     (6)
  
0.00%
Arctiq, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.42%
  
2/3/2032
  
          8,555
  
           8,517
  
                8,516
  
1.32%
Redwood Services Group, LLC (Evergreen Services Group)
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.70%
  
6/15/2029
  
          4,759
  
           3,869
  
                3,886
  
0.60%
Redwood Services Group, LLC (Evergreen Services Group)
(4) (7) (10)
First Lien Debt
  
S +
5.00%
  
8.70%
  
6/15/2029
  
        12,589
  
          12,466
  
              12,589
  
1.96%
Redwood Services Group, LLC (Evergreen Services Group)
(4) (7)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.70%
  
6/15/2029
  
          2,127
  
           2,115
  
                2,127
  
0.33%
Total IT Services
                            
          28,600
  
              28,720
  
4.46%
                                       
Leisure Products
                                      
TouchTunes Music Group, LLC (TouchTunes Interactive Network)
(9)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
4/2/2029
  
          7,404
  
           7,365
  
                7,119
  
1.11%
Total Leisure Products
                            
           7,365
  
                7,119
  
1.11%
                                       
Machinery
                                      
Hyperion Materials & Technologies, Inc.
  
(9)
  
First Lien Debt
  
S +
4.50%
  
8.43%
  
8/30/2028
  
          4,153
  
           4,148
  
                3,545
  
0.55%
Jetson Buyer, Inc. (E-Technologies Group, Inc.)
(4) (10)
  
First Lien Debt
  
S +
5.50%
  
9.20%
  
4/9/2030
  
          3,128
  
           3,105
  
                3,016
  
0.47%
Specialty Manufacturing Holdings, LLC
  
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.20%
  
3/31/2033
  
             655
  
                -
  
                     (3)
  
0.00%
Specialty Manufacturing Holdings, LLC
  
(4) (7) (10)
First Lien Debt
  
S +
4.50%
  
8.20%
  
3/31/2033
  
          3,309
  
           3,292
  
                3,292
  
0.51%
Total Machinery
                            
          10,545
  
                9,850
  
1.53%
                                       
Personal Products
                                      
Bradford Soap International, Inc.
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.42%
  
8/28/2031
  
             990
  
                -
  
                     (3)
  
0.00%
Bradford Soap International, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.42%
  
8/28/2031
  
          2,964
  
           2,950
  
                2,955
  
0.46%
Healthspan Buyer, LLC (Thorne HealthTech)
(4)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
10/16/2030
  
          5,816
  
           5,804
  
                5,792
  
0.90%
Healthspan Buyer, LLC (Thorne HealthTech)
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
10/16/2030
  
          6,033
  
           6,006
  
                6,008
  
0.93%
Healthspan Buyer, LLC (Thorne HealthTech)
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
10/16/2030
  
          5,028
  
           4,992
  
                5,007
  
0.78%
Healthspan Buyer, LLC (Thorne HealthTech)
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
10/16/2030
  
          2,670
  
           2,660
  
                2,659
  
0.41%
Total Personal Products
                            
          22,412
  
              22,418
  
3.48%
                                       
Pharmaceuticals
                                      
Lavie Group, Inc.
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.63%
  
10/12/2029
  
             744
  
                (2)
  
                     (6)
  
0.00%
Lavie Group, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.63%
  
10/12/2029
  
          2,517
  
           2,495
  
                2,496
  
0.39%
Lavie Group, Inc.
  
(4) (7) (10)
First Lien Debt
  
S +
5.00%
  
8.63%
  
10/12/2029
  
          2,010
  
           2,000
  
                1,993
  
0.31%
Lavie Group, Inc.
  
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.63%
  
10/10/2029
  
             320
  
              198
  
                   197
  
0.03%
Lavie Group, Inc.
  
(4) (7) (10)
First Lien Debt
  
S +
5.00%
  
8.63%
  
10/12/2029
  
          1,190
  
           1,181
  
                1,180
  
0.18%
Wellspring Pharmaceutical Corporation
  
(4) (10)
  
First Lien Debt
  
S +
5.00%
  
8.70%
  
8/22/2028
  
          3,143
  
           3,130
  
                3,118
  
0.48%
Wellspring Pharmaceutical Corporation
  
(4)
  
First Lien Debt
  
S +
5.00%
  
8.70%
  
8/22/2028
  
          3,091
  
           3,062
  
                3,066
  
0.48%
Wellspring Pharmaceutical Corporation
  
(4)
  
First Lien Debt
  
S +
5.00%
  
8.70%
  
8/22/2028
  
          2,585
  
           2,558
  
                2,564
  
0.40%
Wellspring Pharmaceutical Corporation
  
(4)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.70%
  
8/22/2028
  
          1,535
  
           1,530
  
                1,523
  
0.24%
Wellspring Pharmaceutical Corporation
  
(4)
  
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.70%
  
8/22/2028
  
          5,367
  
           5,356
  
                5,324
  
0.83%
Total Pharmaceuticals
                            
          21,508
  
              21,455
  
3.34%
                                       
Professional Services
                                      
AG Group Holdings, Inc. (Addison Group)
(9)
  
First Lien Debt
  
S +
4.25%
  
7.92%
  
12/29/2028
  
          5,444
  
           5,444
  
                4,943
  
0.77%
ALKU Intermediate Holdings, LLC
  
(4)
  
First Lien Debt
  
S +
6.25%
  
9.95%
  
5/23/2029
  
          3,887
  
           3,839
  
                3,848
  
0.60%
All4 Buyer, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.17%
  
1/23/2032
  
          1,037
  
              379
  
                   374
  
0.06%
All4 Buyer, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.17%
  
1/23/2032
  
          1,233
  
           1,223
  
                1,222
  
0.19%
Archer Acquisition, LLC (ARMstrong)
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.55%
  
10/8/2029
  
          3,266
  
           3,234
  
                3,242
  
0.50%
Archer Acquisition, LLC (ARMstrong)
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.55%
  
10/8/2029
  
             452
  
              302
  
                   301
  
0.05%
Canopy Service Partners, LLC
  
(4) (6)
  
First Lien Debt
  
S +
4.50%
  
8.20%
  
2/28/2033
  
          2,407
  
              169
  
                   154
  
0.02%
Canopy Service Partners, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.50%
  
8.20%
  
2/28/2033
  
          2,844
  
           2,828
  
                2,827
  
0.44%
Cornerstone Advisors of Arizona, LLC
  
(4) (7) (10)
First Lien Debt
  
S +
4.75%
  
8.45%
  
5/13/2032
  
          8,656
  
           8,617
  
                8,560
  
1.33%
CPL Consultants, LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.25%
  
7.92%
  
2/17/2032
  
          2,127
  
                27
  
                    17
  
0.00%
CPL Consultants, LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.25%
  
7.92%
  
2/17/2032
  
             665
  
              662
  
                   662
  
0.10%
KENG Acquisition, Inc. (Engage PEO)
  
(4) (7) (10)
First Lien Debt
  
S +
4.50%
  
8.17%
  
8/1/2029
  
          4,563
  
           4,519
  
                4,563
  
0.71%
KENG Acquisition, Inc. (Engage PEO)
  
(4) (7)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.17%
  
8/1/2029
  
          4,440
  
           4,435
  
                4,440
  
0.69%
KENG Acquisition, Inc. (Engage PEO)
  
(4) (7)
  
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.17%
  
8/1/2029
  
          2,837
  
           2,833
  
                2,837
  
0.44%
KENG Acquisition, Inc. (Engage PEO)
  
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
4.50%
  
8.17%
  
8/1/2029
  
          5,345
  
              301
  
                   321
  
0.05%
LSCS Holdings, Inc. (Dohmen)
  
(4) (7) (10)
First Lien Debt
  
S +
4.50%
  
8.20%
  
3/4/2032
  
          2,521
  
           2,510
  
                2,450
  
0.38%
Orion Group FM Holdings, LLC (Leo Facilities)
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
7/3/2029
  
          7,577
  
           7,505
  
                7,529
  
1.17%
Orion Group FM Holdings, LLC (Leo Facilities)
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.45%
  
7/3/2029
  
             640
  
              635
  
                   636
  
0.10%
Orion Group FM Holdings, LLC (Leo Facilities)
(4)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
7/3/2029
  
          5,753
  
           5,746
  
                5,717
  
0.89%
Orion Group FM Holdings, LLC (Leo Facilities)
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.45%
  
7/3/2029
  
          5,488
  
           2,380
  
                2,346
  
0.36%
Secretariat Advisors LLC
  
(4) (10)
  
First Lien Debt
  
S +
4.00%
  
7.70%
  
2/28/2032
  
          3,253
  
           3,240
  
                3,253
  
0.51%
Secretariat Advisors LLC
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.00%
  
7.70%
  
2/28/2032
  
             396
  
                -
  
                     -
  
0.00%
VSTG Intermediate Holdings, Inc. (Vistage Worldwide, Inc.)
(4) (7) (10)
First Lien Debt
  
S +
3.75%
  
7.45%
  
7/13/2029
  
          4,987
  
           4,944
  
                4,947
  
0.77%
Total Professional Services
                            
          65,772
  
              65,189
  
10.13%
                                       
Road & Rail
                                      
EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC)
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.42%
  
2/14/2031
  
          7,244
  
           7,241
  
                7,070
  
1.10%
EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC)
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.42%
  
2/14/2031
  
          1,468
  
                -
  
                   (35)
  
-0.01%
Total Road & Rail
                            
           7,241
  
                7,035
  
1.09%
                                       
Software
                                      
Diligent Corporation (fka Diamond Merger Sub II, Corp.)
(4) (7) (10)
First Lien Debt
  
S +
5.00%
  
8.67%
  
8/2/2030
  
          2,515
  
           2,506
  
                2,450
  
0.38%
Diligent Corporation (fka Diamond Merger Sub II, Corp.)
(4) (7) (10)
First Lien Debt
  
S +
5.00%
  
8.67%
  
8/2/2030
  
        14,670
  
          14,616
  
              14,292
  
2.22%
Diligent Corporation (fka Diamond Merger Sub II, Corp.)
(4) (6) (7)
First Lien Debt (Delayed Draw)
S +
5.00%
  
8.67%
  
8/2/2030
  
          2,515
  
                (9)
  
                   (65)
  
-0.01%
Exterro, Inc.
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
5.25%
  
8.92%
  
6/1/2027
  
             708
  
                -
  
                     (9)
  
0.00%
Exterro, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
5.25%
  
8.92%
  
6/1/2027
  
          2,203
  
           2,200
  
                2,174
  
0.34%
Revalize Inc. (f/k/a AQ Holdco Inc.)
  
(4) (7)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.60% (Cash) 1.75% (PIK)
4/16/2029
  
          4,968
  
           4,965
  
                4,472
  
0.70%
Revalize Inc. (f/k/a AQ Holdco Inc.)
  
(4) (7)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.60% (Cash) 1.75% (PIK)
4/16/2029
  
          1,276
  
           1,273
  
                1,149
  
0.18%
Revalize Inc. (f/k/a AQ Holdco Inc.)
  
(4) (7)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.60% (Cash) 1.75% (PIK)
4/16/2029
  
             283
  
              283
  
                   255
  
0.04%
VALIDITY INC
  
(4) (10)
  
First Lien Debt
  
S +
5.25%
  
8.90%
  
4/12/2032
  
          3,052
  
           3,025
  
                3,020
  
0.46%
Total Software
                            
          28,859
  
              27,738
  
4.31%
                                       
Transportation Infrastructure
                                      
FSK Pallet Holding Corp. (Kamps Pallets)
(4) (10)
First Lien Debt
  
S +
6.25%
  
10.07%
  
12/23/2026
  
          7,943
  
           7,915
  
                7,843
  
1.22%
Transit Buyer, LLC (Propark Mobility)
  
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.43%
  
1/31/2029
  
          2,802
  
           1,024
  
                1,033
  
0.16%
Transit Buyer, LLC (Propark Mobility)
  
(4)
  
First Lien Debt
  
S +
4.75%
  
8.43%
  
1/31/2029
  
          5,760
  
           5,718
  
                5,757
  
0.89%
Transit Buyer, LLC (Propark Mobility)
  
(4)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.43%
  
1/31/2029
  
          2,651
  
           2,624
  
                2,650
  
0.41%
Transit Buyer, LLC (Propark Mobility)
  
(4)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.43%
  
1/31/2029
  
          4,373
  
           4,368
  
                4,370
  
0.68%
Total Transportation Infrastructure
                            
          21,649
  
              21,653
  
3.36%
                                       
Wireless Telecommunication Services
                                      
Mobile Communications America, Inc.
(4) (6)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.40%
  
10/16/2029
  
          3,257
  
              411
  
                   392
  
0.06%
Mobile Communications America, Inc.
  
(4) (10)
  
First Lien Debt
  
S +
4.75%
  
8.40%
  
10/16/2029
  
          8,734
  
           8,658
  
                8,683
  
1.35%
Mobile Communications America, Inc.
  
(4)
  
First Lien Debt (Delayed Draw)
S +
4.75%
  
8.40%
  
10/16/2029
  
          2,057
  
           2,047
  
                2,044
  
0.32%
Total Wireless Telecommunication Services
                          
          11,116
  
              11,119
  
1.73%
                                       
Total Debt Investments
                            
        936,238
  
            927,263
  
144.14%
                                       
Equity Investments
                    
Acquisition Date
            
                                       
Containers & Packaging
                                      
New Spartech Holdings LLC
  
(4)
  
Common Stock
            
8/21/2025
  
             209
  
           1,059
  
                     -
  
0.00%
Total Containers & Packaging
                            
           1,059
  
                     -
  
0.00%
                                       
Total Equity Investments
                            
           1,059
  
                     -
  
0.00%
                                       
Cash Equivalents
                                      
BlackRock Liquidity Funds T-Fund Institutional Class
        
3.55%
      
  17,358,605
  
          17,359
  
              17,359
  
2.70%
First American Government Obligations Fund - Class Z
        
3.54%
      
          2,769
  
                  3
  
                      3
  
0.00%
Total Cash Equivalents
                            
          17,362
  
              17,362
  
2.70%
                                       
Total Investments
                            
 $    
 954,659  
 $         
 944,625  
146.84%
                                       
(1) All investments are non-controlled/non-affiliated investments as defined by the Investment Company Act of 1940, as amended (the "1940 Act"). The 1940 Act classifies investments based on the level of control that the Company maintains in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when the Company owns 25% or less of the portfolio company’s voting securities and “controlled” when the Company owns more than 25% of the portfolio company’s voting securities. The 1940 Act also classifies investments further based on the level of ownership that the Company maintains in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when the Company owns less than 5% of a portfolio company’s voting securities and “affiliated” when the Company owns 5% or more of a portfolio company’s voting securities.
(2) Unless otherwise indicated, issuers of debt held by the Company are domiciled in the United States.
                    
(3) The majority of the investments bear interest at rates that may be determined by reference to Secured Overnight Financing Rate ("SOFR" or "S"), which reset monthly or quarterly. For each such investment, the Company has provided the spread over SOFR and the current contractual interest rate in effect at March 31, 2026. As of March 31, 2026, the rate for 1M S, 3M S, 6M S and 12M S are 3.66%, 3.68%, 3.70% and 3.73% respectively. Certain investments are subject to a SOFR floor. For fixed rate loans, a spread above a reference rate is not applicable.
(4) Investment valued using unobservable inputs (Level 3).
                              
(5) Percentage is based on net assets of $643,312 as of March 31, 2026.
                              
(6) Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion. The investment may be subject to unused commitment fees.
(7) Investment is a unitranche position.
                                      
(8) This portfolio company is not domiciled in the United States.  The principal place of business for Phaidon International is the United Kingdom. The principal place of business for Commercial Bakeries is Canada. The principal place of business for Insulation Technology Group is Germany.
(9) Investments valued using observable inputs (Level 2)
                              
(10) Denotes that all or a portion of the assets are owned by SPV I. SPV I entered into a loan and security agreement (the “ABL Facility”) on April 27, 2023. The lenders of the
ABL Facility have a first lien security interest in substantially all of the assets of SPV I. Accordingly, such assets are not available to creditors of the Company.