UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2025

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number: 814-01599

Crescent Private Credit Income Corp.

(Exact Name of Registrant as Specified in Its Charter)

Maryland	88-4283363
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)
11100 Santa Monica Blvd., Suite 2000, Los Angeles, CA	90025
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s Telephone Number, Including Area Code: (310) 235-5900

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
None	None	None

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-Accelerated filer	☒	Smaller reporting company	☐
Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of shares of the Registrant’s common stock, par value $0.01 per share outstanding at August 14, 2025 was 11,711,830 shares of Class I Common Stock ("Class I Shares"), 2,182 shares of Class S Common Stock ("Class S Shares"), and no shares of Class D Common Stock (“Class D shares”).

Common shares outstanding exclude August 1, 2025 subscriptions since the issuance price is not yet finalized at the date of this filing.

11

CRESCENT PRIVATE CREDIT INCOME CORP.

FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2025

Table of Contents

PART I	FINANCIAL INFORMATION	4
Item 1.	Financial Statements	4
	Consolidated Statements of Assets and Liabilities as of June 30, 2025 (Unaudited) and December 31, 2024	4
	Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024 (Unaudited)	6
	Consolidated Statements of Changes in Net Assets for the three and six months ended June 30, 2025 and 2024 (Unaudited)	7
	Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 (Unaudited)	7
	Consolidated Schedule of Investments as of June 30, 2025 (Unaudited)	9
	Consolidated Schedule of Investments as of December 31, 2024	24
	Notes to Consolidated Financial Statements (Unaudited)	34
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	56
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	67
Item 4.	Controls and Procedures	68
Part II	OTHER INFORMATION	69
Item 1.	Legal Proceeding	69
Item 1A.	Risk Factors	69
Item 2.	Unregistered Sales Of Equity Securities And Use Of Proceeds	69
Item 3.	Defaults Upon Senior Securities	69
Item 4.	Mine Safety Disclosures	69
Item 5.	Other Information	69
Item 6.	Exhibits	70

2

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about Crescent Private Credit Income Corp (together, with its consolidated subsidiaries, the “Company”, “we” or “our”), our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation:

•the ability of our investment adviser to locate suitable investments for us and to monitor and administer our investments;

•regulations governing our operation as a business development company;

•financing investments with borrowed money;

•operation in a highly competitive market for investment opportunities;

•risks associated with original issue discount (“OID”) and payment-in-kind (“PIK”) interest income;

•changes in interest rates may affect our cost of capital and net investment income;

•the impact of changes in Secured Overnight Financing Rate (“SOFR”), or other benchmark rates on our operating results;

•uncertainty as to the value of certain portfolio investments;

•our ability to deploy any capital raised in sales of our Common Shares;

•lack of liquidity in investments;

•the impact of changes in laws or regulations (including the interpretation thereof), including tax laws, governing our operations or the operations of our portfolio companies;

•political and regulatory conditions that contribute to uncertainty and market volatility, including the legislative, regulatory, trade and tariff, immigration and other policies associated with the current U.S. presidential administration;

•the conflict in the Middle East and the Russia-Ukraine War;

•the timing, form and amount of any dividend distributions;

•risks regarding distributions;

•potential resignation of the Adviser and/or the Administrator;

•potential adverse effects of price declines and illiquidity in the corporate debt markets;

•potential impact of economic recessions or downturns;

•defaults by portfolio companies;

•the outcome and impact of any litigation;

•uncertainty surrounding the financial stability of the United States, Europe and China;

•adverse developments in the credit markets; and

•potential fluctuation in quarterly operating results.

Although we believe that the assumptions on which these forward-looking statements are based upon are reasonable, some of those assumptions may be based on the work of third parties and any of those assumptions could prove to be inaccurate; as a result, forward-looking statements based on those assumptions also could prove to be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this Quarterly Report on Form 10-Q (the “Quarterly Report”) should not be regarded as a representation by us that our plans and objectives will be achieved. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this Quarterly Report, or other information incorporated herein by reference, as applicable. We do not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law. You are advised to consult any additional disclosures that we may make directly to you or through reports that we in the future may file with the SEC, including registration statements on Form N-2, annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. The safe harbor provisions of Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”), which preclude civil liability for certain forward-looking statements, do not apply to the forward-looking statements in this report because we are an investment company.

3

PART I. Financial Information
Item 1. Financial Statements

Crescent Private Credit Income Corp.
Consolidated Statements of Assets and Liabilities
(in thousands, except for per share data)
	As of June 30, 2025 (Unaudited)		As of December 31, 2024
Assets
Investments, at fair value
Non-controlled non-affiliated investments (cost of $480,631 and $280,031, respectively)	$	487,664	$	282,161
Cash and cash equivalents		61,758		10,695
Restricted cash and cash equivalents		7,826		10,672
Receivable from unsettled transactions		3,765		1,299
Interest receivable		1,377		1,372
Deferred offering costs		781		2,202
Other assets		146		3,377
Total assets	$	563,317	$	311,778
Liabilities
Debt (net of deferred financing costs of $3,392 and $1,413, respectively)	$	191,588	$	110,566
Subscriptions received in advance		54,955		8,500
Payable for investments purchased		47,202		2,094
Interest and other debt financing costs payable		2,497		1,917
Distribution payable		2,131		1,536
Management fees payable		789		545
Accrued expenses and other liabilities		1,191		5,895
Total liabilities		300,353		131,053
Commitments and Contingencies (Note 7)
Net assets
Common stock, par value $0.01 per share (300,000,000 shares authorized, 9,689,140 and 6,677,756 shares issued and outstanding, respectively)		97		67
Paid-in capital in excess of par value		252,036		171,093
Accumulated earnings/(loss)		10,831		9,565
Total net assets		262,964		180,725
Total liabilities and net assets	$	563,317	$	311,778

See accompanying notes

4

Crescent Private Credit Income Corp.
Consolidated Statements of Assets and Liabilities
(in thousands, except for per share data)
(Unaudited)
NET ASSET VALUE PER SHARE	As of June 30, 2025 (Unaudited)		As of December 31, 2024
Class I Shares:
Net assets	$	262,915	$	180,725
Common Shares outstanding ($0.01 par value, 100,000,000 shares authorized)		9,687,327	$	6,677,756
Net asset value per share	$	27.14	$	27.06
Class S Shares:
Net assets	$	49	$	-
Common Shares outstanding ($0.01 par value, 100,000,000 shares authorized)		1,813		-
Net asset value per share	$	27.14	$	-

5

Crescent Private Credit Income Corp.
Consolidated Statements of Operations
(in thousands, except for per share data)
(Unaudited)
	For the three months ended June 30,						For the six months ended June 30,
	2025			2024			2025			2024
Investment Income:
From non-controlled non-affiliated investments:
Interest income	$	8,876		$	5,260		$	15,762		$	9,230
Paid-in-kind interest		330			39			736			39
Dividend income		100			-			232			-
Other income		213			128			413			170
Total investment income		9,519			5,427			17,143			9,439
Expenses:
Interest and other debt financing costs		2,765			1,367			4,886			2,195
Offering costs		1,061			-			2,021			-
Management fees		804			495			1,386			903
Income based incentive fees		482			384			842			686
Professional fees		361			182			548			435
Capital gains based incentive fees		373			(18	)		185			51
Directors’ fees		51			50			157			103
Other general and administrative expenses		549			711			1,268			1,170
Total expenses		6,446			3,171			11,293			5,543
Management fees waiver		(15	)		(161	)		(24	)		(569	)
Income based incentive fees waiver		(482	)		(384	)		(842	)		(686	)
Capital gains based incentive fees waiver		(373	)		18			(185	)		(51	)
Expense support reimbursement		(2,022	)		(414	)		(3,994	)		(414	)
Net expenses		3,554			2,230			6,248			3,823
Net investment income before taxes		5,965			3,197			10,895			5,616
Provision for excise taxes		81			117			162			117
Net investment income		5,884			3,080			10,733			5,499
Net realized and unrealized gains (losses) on investments:
Net realized gain (loss) on:
Non-controlled non-affiliated investments		(379	)		(219	)		(576	)		(219	)
Foreign currency transactions		(47	)		-			(74	)		-
Net change in unrealized appreciation (depreciation) on:
Non-controlled non-affiliated investments		5,630			81			4,903			627
Foreign currency translation		(2,208	)		-			(2,771	)		-
Net realized and unrealized gains (losses) on investments		2,996			(138	)		1,482			408
Net increase in net assets resulting from operations	$	8,880		$	2,942		$	12,215		$	5,907

See accompanying notes

6

Crescent Private Credit Income Corp.
Consolidated Statements of Changes in Net Assets
(in thousands, except share and per share data)
(Unaudited)
	For the three months ended June 30,						For the six months ended June 30,
	2025			2024			2025			2024
Net increase (decrease) in net assets resulting from operations:
Net investment income		5,884			3,080			10,733			5,499
Net realized gain (loss) on investments		(426	)		(219	)		(650	)		(219	)
Net change in unrealized appreciation (depreciation)		3,422			81			2,132			627
Total net increase (decrease) in net assets resulting from operations:		8,880			2,942			12,215			5,907
Share Transactions
Class I:
Issuance of common stock		72,425			345			80,925			51,795
Distributions reinvested		-			-			-			-
Distributions to Shareholders		(6,334	)		(1,367	)		(10,949	)		(1,367	)
Net increase (decrease) from share transactions - Class I		66,091			(1,022	)		69,976			50,428
Class S:
Issuance of common stock		48			-			48			-
Distributions reinvested		1			-			1			-
Distributions to Shareholders		(1	)		-			(1	)		-
Net increase (decrease) from share transactions - Class S		48			-			48			-
Total increase (decrease) in net assets	$	75,019		$	1,920		$	82,239		$	56,335
Net assets, beginning of period	$	187,945		$	158,273		$	180,725		$	103,858
Net assets, end of period	$	262,964		$	160,193		$	262,964		$	160,193

See accompanying notes

7

Crescent Private Credit Income Corp.
Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
	For the six months ended June 30,
	2025			2024
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations	$	12,215		$	5,907
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used for) operating activities:
Purchases of investments		(264,663	)		(128,817	)
Paid-in-kind interest income		(736	)		-
Proceeds from sales of investments and principal repayments		64,852			15,178
Net realized (gain) loss on investments, foreign currency transactions		650			219
Net change in unrealized (appreciation) depreciation on investments, foreign currency translation		(2,132	)		(627	)
Amortization of premium and accretion of discount, net		(703	)		(394	)
Amortization of deferred offering costs		2,021			-
Amortization of deferred financing costs		274			180
Change in operating assets and liabilities:
(Increase) decrease in receivable from unsettled transactions		(2,466	)		-
(Increase) decrease in interest receivable		(5	)		(1,005	)
(Increase) decrease in other assets		(12	)		3
Increase (decrease) in payable for investments purchased		45,108			(14,622	)
Increase (decrease) in interest and other debt financing costs payable		580			1,067
Increase (decrease) in management fees payable		244			334
Increase (decrease) in accrued expenses and other liabilities		(1,875	)		(470	)
Net cash provided by (used for) operating activities	$	(146,648	)	$	(123,047	)
Cash flows from financing activities:
Proceeds from issuance of common stock		80,973			51,795
Increase (decrease) in subscriptions received in advance		46,455			-
Distributions paid		(10,354	)		-
Offering costs paid		(186	)		-
Borrowings on credit facilities		158,228			59,025
Repayments on credit facilities		(78,050	)		(2,000	)
Deferred financing and debt issuance costs paid		(2,253	)		-
Net cash provided by (used for) financing activities		194,813			108,820
Effect of exchange rate changes on cash denominated in foreign currency		52			17
Net increase (decrease) in cash and cash equivalents		48,217			(14,210	)
Cash and cash equivalents, restricted cash and foreign currency, beginning of period		21,367			28,754
Cash and cash equivalents, restricted cash and foreign currency, end of period (1)	$	69,584		$	14,544
Supplemental and non-cash financing activities:
Cash paid during the period for interest	$	4,047		$	903
Cash paid during the period for taxes	$	327		$	110
Accrued but unpaid distributions	$	2,131		$	1,367
Reinvestment of distributions during the period	$	1		$	-
Non-cash settlement of offering costs	$	2,829		$	-

(1) As of June 30, 2025, the balance included cash and cash equivalents of $61,758 (including cash denominated in foreign currency of $340) and restricted cash and cash equivalents of $7,826 (including cash denominated in foreign currency of $518). As of December 31, 2024, the balance included cash and cash equivalents of $10,695 (including cash denominated in foreign currency of $40) and restricted cash and cash equivalents of $10,672 (including cash denominated in foreign currency of $440).

See accompanying notes

8

Crescent Private Credit Income Corp. Consolidated Schedule of Investments June 30, 2025 (in thousands, except share and per share data) (Unaudited)
Country/Security/Industry/Company	Investment Type	Interest Term *	Interest Rate	Maturity/ Dissolution Date	Principal Amount, Par Value or Shares **		Cost			Percentage of Net Assets ***				Fair Value
Investments (1)(2)(3)
United States
Debt Investments
Capital Goods
Brand Industrial Services (7)	Senior Secured First Lien Term Loan	S + 450 (50 Floor)	8.78%	08/2030	$	1,115	$	1,063			0.4		%	$	938
Fairbanks Morse Defense (7)	Senior Secured First Lien Term Loan	S + 350 (75 Floor)	7.58%	06/2030		1,586		1,571			0.6				1,596
GB Eagle Buyer, Inc.	Unitranche First Lien Term Loan	S + 450 (100 Floor)	8.80%	12/2030		3,181		3,152			1.2				3,173
GB Eagle Buyer, Inc. (4)(5)	Unitranche First Lien Delayed Draw Term Loan			12/2030		-		(6	)		(0.0	)			(3	)
GB Eagle Buyer, Inc. (5)	Unitranche First Lien Revolver	S + 450 (100 Floor)	8.80%	12/2030		192		188			0.1				191
Parts Town (4)(5)	Unitranche First Lien Delayed Draw Term Loan			04/2030		-		-			(0.0	)			(1	)
Parts Town	Unitranche First Lien Term Loan	S + 325 (75 Floor) (plus 175 PIK)	9.30%	04/2030		5,343		5,312			2.0				5,329
Realpage, Inc. (7)	Senior Secured First Lien Term Loan	S + 300 (50 Floor)	7.30%	04/2028		1,327		1,317			0.5				1,319
Red Planet Borrower, LLC (7)	Senior Secured First Lien Term Loan	S + 375 (50 Floor)	8.08%	10/2028		1,062		1,054			0.4				1,052
						13,806		13,651			5.2				13,594
Commercial and Professional Services
Career Certified LLC	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	9.30%	02/2031		750		745			0.3				745
Career Certified LLC (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			02/2031		-		-			(0.0	)			(1	)
Career Certified LLC (4)(5)	Senior Secured First Lien Revolver			02/2031		-		(1	)		(0.0	)			(1	)
CMG Holdco	Unitranche First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.88%	10/2028		440		436			0.2				438
CMG Holdco	Unitranche First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.88%	10/2028		1,106		1,097			0.4				1,102
CMG Holdco	Unitranche First Lien Term Loan	S + 475 (100 Floor)	8.88%	10/2028		746		740			0.3				743
CMG Holdco (5)	Unitranche First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.88%	10/2028		1,141		1,127			0.4				1,136
CMG Holdco (4)(5)	Unitranche First Lien Delayed Draw Term Loan			10/2028		-		(5	)		(0.0	)			(2	)
CMG Holdco (5)	Unitranche First Lien Revolver	S + 475 (100 Floor)	8.97%	10/2028		162		158			0.1				160
Crisis Prevention Institute, Inc. (7)	Senior Secured First Lien Term Loan	S + 400 (50 Floor)	8.30%	04/2031		321		321			0.1				322
Duraserv LLC	Senior Secured First Lien Term Loan	S + 475 (75 Floor)	9.06%	06/2031		4,785		4,744			1.8				4,737
See accompanying notes

9

Crescent Private Credit Income Corp. Consolidated Schedule of Investments June 30, 2025 (in thousands, except share and per share data) (Unaudited)
Country/Security/Industry/Company	Investment Type	Interest Term *	Interest Rate	Maturity/ Dissolution Date	Principal Amount, Par Value or Shares **		Cost			Percentage of Net Assets ***			Fair Value
Duraserv LLC	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (75 Floor)	9.06%	06/2031		1,775		1,759			0.7			1,757
Duraserv LLC (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (75 Floor)	9.06%	06/2031		70		61			0.0			52
Duraserv LLC (4)(5)	Senior Secured First Lien Revolver			06/2030		-		(7	)		(0.0	)		(9	)
Galway Borrower, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 450 (75 Floor)	8.78%	09/2028		891		853			0.3			905
Galway Borrower, LLC (5)	Unitranche First Lien Revolver	S + 450 (75 Floor)	8.80%	09/2028		217		212			0.1			213
GN Loanco, LLC (7)	Senior Secured First Lien Term Loan	S + 450 (75 Floor)	8.78%	12/2030		1,750		1,705			0.7			1,742
Halo Buyer Inc	Unitranche First Lien Term Loan	S + 600 (100 Floor)	10.33%	08/2029		3,470		3,406			1.3			3,515
Halo Buyer Inc (5)	Unitranche First Lien Revolver	P + 600 (100 Floor)	10.33%	08/2029		96		86			0.0			102
Iris Buyer, LLC	Unitranche First Lien Term Loan	S + 525 (100 Floor)	9.53%	10/2030		3,479		3,399			1.3			3,508
Iris Buyer, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	9.55%	10/2030		328		321			0.1			331
Iris Buyer, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	9.55%	10/2030		129		125			0.1			135
Iris Buyer, LLC (5)	Unitranche First Lien Revolver	S + 525 (100 Floor)	9.55%	10/2029		151		141			0.1			151
Lawn Star Buyer, LLC	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	9.08%	06/2031		1,800		1,782			0.7			1,782
Lawn Star Buyer, LLC (4)(5)	Senior Secured First Lien Revolver			06/2031		-		(7	)		(0.0	)		(7	)
McKissock Investment Holdings LLC (Colibri) (7)	Senior Secured First Lien Term Loan	S + 500 (75 Floor)	9.27%	03/2029		2,955		2,901			1.1			2,964
Midwest Physician Administrative Services, LLC (7)	Senior Secured First Lien Term Loan	S + 325 (75 Floor)	7.81%	03/2028		1,102		1,042			0.4			1,030
Northstar	Senior Secured First Lien Term Loan	S + 475 (50 Floor)	8.88%	05/2030		575		573			0.2			579
Pre-paid Legal Services, Inc. (7)	Senior Secured First Lien Term Loan	S + 375 (50 Floor)	7.58%	12/2028		1,995		1,990			0.8			1,988
Pushpay USA Inc. (6)	Senior Secured First Lien Term Loan	S + 400	8.30%	08/2031		997		990			0.4			1,006
Pye-Barker Fire & Safety, LLC	Unitranche First Lien Term Loan	S + 450 (75 Floor)	8.80%	05/2031		8,755		8,755			3.3			8,707
Pye-Barker Fire & Safety, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 450 (75 Floor)	8.80%	05/2031		378		378			0.1			376
Pye-Barker Fire & Safety, LLC (5)	Unitranche First Lien Revolver	S + 450 (75 Floor)	8.80%	05/2030		108		108			0.0			104
Teneo Holdings LLC (7)	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	9.08%	03/2031		358		358			0.1			362
Trugreen (7)	Senior Secured First Lien Term Loan	S + 400 (75 Floor)	8.33%	11/2027		2,095		2,020			0.8			1,992
See accompanying notes

10

Crescent Private Credit Income Corp. Consolidated Schedule of Investments June 30, 2025 (in thousands, except share and per share data) (Unaudited)
Country/Security/Industry/Company	Investment Type	Interest Term *	Interest Rate	Maturity/ Dissolution Date	Principal Amount, Par Value or Shares **		Cost			Percentage of Net Assets ***			Fair Value
Unosquare, LLC	Senior Secured First Lien Term Loan	S + 475 (75 Floor)	9.08%	06/2031		3,050		3,020			1.1			3,020
Unosquare, LLC (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			06/2031		-		-			(0.0	)		(14	)
Unosquare, LLC (4)(5)	Senior Secured First Lien Revolver			06/2031		-		-			(0.0	)		(5	)
Vaco Holdings, LLC (7)	Senior Secured First Lien Term Loan	S + 500 (75 Floor)	9.30%	01/2029		1,222		1,113			0.4			1,124
Varsity Brands (7)	Senior Secured First Lien Term Loan	S + 375	8.08%	08/2031		1,995		1,962			0.8			1,997
						49,192		48,408			18.5			48,786
Consumer Discretionary Distribution and Retail
Bass Pro - Great American Outdoors Group LLC (7)	Senior Secured First Lien Term Loan	S + 325 (75 Floor)	7.58%	01/2032		2,124		2,108			0.8			2,124
Gloves Buyers, Inc. (7)	Senior Secured First Lien Term Loan	S + 400 (50 Floor)	8.32%	01/2032		2,150		2,098			0.8			2,112
Mavis Tire Express (7)	Senior Secured First Lien Term Loan	S + 300 (75 Floor)	7.33%	05/2028		1,147		1,142			0.4			1,148
PetSmart (7)	Senior Secured First Lien Term Loan	S + 375 (75 Floor)	8.08%	02/2028		1,588		1,570			0.6			1,575
Savers (6)(7)	Senior Secured First Lien Term Loan	S + 375	8.05%	04/2028		2,075		2,075			0.8			2,077
						9,084		8,993			3.4			9,036
Consumer Durables and Apparel
HP PHRG Borrower, LLC (7)	Senior Secured First Lien Term Loan	S + 400	8.33%	02/2032		2,275		2,220			0.9			2,272
Hunter Douglas Holdings UK Limited (6)(7)	Senior Secured First Lien Term Loan	S + 325	7.55%	01/2032		1,436		1,412			0.5			1,433
Lakeshore Learning (7)	Senior Secured First Lien Term Loan	S + 350 (50 Floor)	7.83%	09/2028		1,362		1,334			0.4			1,082
						5,073		4,966			1.8			4,787
Consumer Services
Allied Universal Holdco LLC (7)	Senior Secured First Lien Term Loan	S + 375 (50 Floor)	8.18%	05/2028		1,322		1,310			0.5			1,329
Dave & Buster's, Inc. (6)(7)	Senior Secured First Lien Term Loan	S + 325	7.56%	11/2031		1,759		1,639			0.6			1,682
Essential Services Holding Corporation	Unitranche First Lien Term Loan	S + 500 (75 Floor)	9.28%	06/2031		3,792		3,758			1.4			3,754
Essential Services Holding Corporation (4)(5)	Unitranche First Lien Delayed Draw Term Loan			06/2031		-		(3	)		(0.0	)		(7	)
Essential Services Holding Corporation (5)	Unitranche First Lien Revolver	S + 500 (75 Floor)	9.28%	06/2030		56		52			0.0			51
Golden Nugget Inc (Landry’s) (7)	Senior Secured First Lien Term Loan	S + 350 (50 Floor)	7.83%	01/2029		2,593		2,576			1.0			2,593
J&J Ventures Gaming (7)	Senior Secured First Lien Term Loan	S + 350 (75 Floor)	7.83%	04/2030		1,995		1,951			0.8			1,976
Landscape Workshop LLC	Unitranche First Lien Term Loan	S + 500 (75 Floor)	9.30%	05/2032		19,459		19,268			7.4			19,266
Landscape Workshop LLC (4)(5)	Unitranche First Lien Delayed Draw Term Loan			05/2032		-		(31	)		(0.0	)		(63	)
See accompanying notes

11

Crescent Private Credit Income Corp. Consolidated Schedule of Investments June 30, 2025 (in thousands, except share and per share data) (Unaudited)
Country/Security/Industry/Company	Investment Type	Interest Term *	Interest Rate	Maturity/ Dissolution Date	Principal Amount, Par Value or Shares **		Cost			Percentage of Net Assets ***			Fair Value
Landscape Workshop LLC (4)(5)	Unitranche First Lien Revolver			05/2031		-		(33	)		(0.0	)		(34	)
Learning Care Group (US) No. 2 Inc. (7)	Senior Secured First Lien Term Loan	S + 400 (50 Floor)	8.28%	08/2028		1,322		1,315			0.5			1,322
Scientific Games Holdings LP (7)	Senior Secured First Lien Term Loan	S + 300 (50 Floor)	7.28%	04/2029		1,586		1,582			0.6			1,586
Voyager Parent LLC (6)(7)	Senior Secured First Lien Term Loan	S + 475	9.04%	05/2032		2,000		1,968			0.8			1,983
Waterbridge Midstream Operating LLC (7)	Senior Secured First Lien Term Loan	S + 475	9.05%	06/2029		795		770			0.3			793
						36,679		36,122			13.9			36,231
Diversified Financials
RWA Wealth Partners, LLC.	Unitranche First Lien Term Loan	S + 475 (75 Floor)	9.07%	11/2030		1,696		1,684			0.7			1,696
RWA Wealth Partners, LLC. (5)	Unitranche First Lien Delayed Draw Term Loan	S + 475 (75 Floor)	9.07%	11/2030		87		84			0.0			87
RWA Wealth Partners, LLC. (5)	Unitranche First Lien Revolver	S + 475 (75 Floor)	9.08%	11/2030		63		60			0.0			63
						1,846		1,828			0.7			1,846
Energy
Brazos (7)	Senior Secured First Lien Term Loan	S + 300 (50 Floor)	7.31%	02/2030		952		950			0.4			955
Cornerstone Generation, LLC (7)	Senior Secured First Lien Term Loan	S + 325	7.57%	10/2031		365		364			0.1			367
						1,317		1,314			0.5			1,322
Financial Services
Americana Partners LLC	Unitranche First Lien Term Loan	S + 425 (75 Floor)	8.55%	05/2031		650		645			0.2			645
Americana Partners LLC (4)(5)	Unitranche First Lien Delayed Draw Term Loan			05/2031		-		(5	)		(0.0	)		(14	)
Americana Partners LLC (4)(5)	Unitranche First Lien Revolver			05/2031		-		(3	)		(0.0	)		(3	)
Blackhawk Network Holdings, Inc. (7)	Senior Secured First Lien Term Loan	S + 400 (100 Floor)	8.33%	06/2025		1,331		1,320			0.5			1,340
Camelot US (6)(7)	Senior Secured First Lien Term Loan	S + 325	7.58%	01/2031		280		279			0.1			281
Cary Street Partners	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	9.08%	05/2031		1,800		1,778			0.7			1,778
Cary Street Partners (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			05/2031		-		(14	)		(0.0	)		(35	)
Cary Street Partners (4)(5)	Senior Secured First Lien Revolver			05/2031		-		(4	)		(0.0	)		(4	)
Coral-Us Co-Borrower LLC (7)	Senior Secured First Lien Term Loan	S + 325	7.51%	01/2032		2,280		2,249			0.9			2,259
Jump Financial LLC	Senior Secured First Lien Term Loan	S + 425	8.55%	02/2032		476		475			0.2			478
Kestra Advisor Services Holdings A, Inc. (7)	Senior Secured First Lien Term Loan	S + 300	7.33%	03/2031		1,586		1,577			0.6			1,587
Kingpin Intermediate Holdings LLC (6)	Senior Secured First Lien Term Loan	S + 350	7.83%	02/2028		2,648		2,625			1.0			2,638
See accompanying notes

12

Crescent Private Credit Income Corp. Consolidated Schedule of Investments June 30, 2025 (in thousands, except share and per share data) (Unaudited)
Country/Security/Industry/Company	Investment Type	Interest Term *	Interest Rate	Maturity/ Dissolution Date	Principal Amount, Par Value or Shares **		Cost			Percentage of Net Assets ***		Fair Value
LBM Acquisition (7)	Senior Secured First Lien Term Loan	S + 375 (75 Floor)	8.06%	05/2034		1,376		1,320			0.5		1,302
Nexus (7)	Senior Secured First Lien Term Loan	S + 350	7.83%	07/2031		1,324		1,315			0.5		1,330
Park River Holdings, Inc. (7)	Senior Secured First Lien Term Loan	S + 325 (75 Floor)	7.80%	12/2027		2,050		1,977			0.8		2,001
Rand Parent, LLC (7)	Senior Secured First Lien Term Loan	S + 300	7.30%	03/2030		539		531			0.2		537
Star Parents, Inc. (7)	Senior Secured First Lien Term Loan	S + 375	8.05%	09/2030		1,496		1,432			0.6		1,484
UHY Advisors , Inc.	Unitranche First Lien Term Loan	S + 475 (75 Floor)	9.08%	11/2031		1,771		1,759			0.6		1,771
UHY Advisors , Inc. (4)(5)	Unitranche First Lien Delayed Draw Term Loan			11/2031		-		(4	)		-		-
UHY Advisors , Inc. (4)(5)	Unitranche First Lien Revolver			11/2031		-		(3	)		-		-
White Cap Supply Holdings, LLC (7)	Senior Secured First Lien Term Loan	S + 325	7.58%	10/2029		1,332		1,283			0.5		1,327
						20,939		20,532			7.9		20,702
Food, Beverage and Tobacco
Aspire Bakeries Holdings LLC	Senior Secured First Lien Term Loan	S + 350	7.82%	12/2030		449		447			0.2		451
Primary Products (7)	Senior Secured First Lien Term Loan	S + 325 (50 Floor)	7.53%	04/2029		1,821		1,812			0.7		1,814
						2,270		2,259			0.9		2,265
Health Care Equipment and Services
Admi Corp. (7)	Senior Secured First Lien Term Loan	S + 375 (50 Floor)	8.08%	12/2027		1,591		1,551			0.6		1,521
Agiliti Health, Inc. (7)	Senior Secured First Lien Term Loan	S + 300	7.22%	05/2030		1,352		1,311			0.5		1,312
Angels of Care	Senior Secured First Lien Term Loan	S + 550 (100 Floor)	9.83%	02/2030		3,703		3,672			1.4		3,703
Angels of Care (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 550 (100 Floor)	9.81%	02/2030		274		271			0.1		274
Angels of Care (4)(5)	Senior Secured First Lien Revolver			02/2030		-		(3	)		-		-
Avalign Technologies, Inc.	Unitranche First Lien Term Loan	S + 362.5 (75 Floor) (plus 362.5 PIK)	11.58%	12/2028		7,295		7,189			2.6		6,900
Avalign Technologies, Inc. (5)	Unitranche First Lien Revolver	S + 650 (75 Floor)	10.83%	12/2028		277		263			0.1		227
BVI Medical Inc.	Unitranche First Lien Term Loan	S + 125 (75 Floor) (plus 500 PIK)	10.58%	03/2032		8,211		8,094			3.1		8,211
BVI Medical Inc. (4)(5)	Unitranche First Lien Delayed Draw Term Loan			03/2032		-		(3	)		-		-
Cvet Midco 2, L.P. (7)	Senior Secured First Lien Term Loan	S + 500 (50 Floor)	9.30%	10/2029		1,471		1,402			0.5		1,328
FH MD Buyer, Inc	Senior Secured First Lien Term Loan	S + 500 (75 Floor)	9.33%	07/2028		7,392		6,957			2.8		7,355
Global Medical Response, Inc. (7)	Senior Secured First Lien Term Loan	S + 550	9.83%	10/2028		1,060		1,055			0.4		1,063
HAH Group Holding Company (7)	Senior Secured First Lien Term Loan	S + 500	9.33%	09/2031		2,020		1,963			0.7		1,968
Hanger, Inc. (7)	Senior Secured First Lien Term Loan	S + 350	7.83%	10/2031		941		933			0.4		944
Hanger, Inc. (5)(7)	Senior Secured First Lien Delayed Draw Term Loan	S + 350	7.79%	10/2031		18		17			0.0		19
IVX Health Merger Sub, Inc.	Unitranche First Lien Term Loan	S + 500 (100 Floor)	9.30%	06/2030		6,794		6,674			2.6		6,861
See accompanying notes

13

Crescent Private Credit Income Corp. Consolidated Schedule of Investments June 30, 2025 (in thousands, except share and per share data) (Unaudited)
Country/Security/Industry/Company	Investment Type	Interest Term *	Interest Rate	Maturity/ Dissolution Date	Principal Amount, Par Value or Shares **		Cost			Percentage of Net Assets ***			Fair Value
IVX Health Merger Sub, Inc. (8)	Unsecured Debt	1350 PIK	13.50%	06/2031		3,296		3,230			1.3			3,395
IVX Health Merger Sub, Inc. (4)(5)	Unitranche First Lien Revolver			06/2030		-		(23	)		-			-
Laseraway Intermediate Holdings II, LLC (7)	Senior Secured First Lien Term Loan	S + 575 (75 Floor)	10.29%	10/2027		5,222		5,192			1.9			5,026
LifePoint Health Inc (7)	Senior Secured First Lien Term Loan	S + 375	8.01%	11/2028		2,294		2,249			0.9			2,273
LTC Ally Inc	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	9.03%	04/2031		2,800		2,779			1.1			2,780
LTC Ally Inc (4)(5)	Senior Secured First Lien Revolver			04/2031		-		(1	)		(0.0	)		(1	)
MB2 Dental	Unitranche First Lien Term Loan	S + 550 (75 Floor)	9.83%	02/2031		5,475		5,430			2.1			5,585
MB2 Dental (5)	Unitranche First Lien Delayed Draw Term Loan	S + 550 (75 Floor)	9.83%	02/2031		682		666			0.3			720
MB2 Dental (5)	Unitranche First Lien Delayed Draw Term Loan	S + 550 (75 Floor)	9.83%	02/2031		793		774			0.3			816
MB2 Dental (4)(5)	Unitranche First Lien Revolver			02/2031		-		(3	)		-			-
Medical Review Institute of America	Unitranche First Lien Term Loan	S + 500 (100 Floor)	9.30%	07/2030		5,657		5,609			2.1			5,579
Medical Review Institute of America (5)	Unitranche First Lien Revolver	P + 400 (100 Floor)	11.50%	07/2030		128		121			0.0			117
Medical Solutions LLC (7)	Senior Secured First Lien Term Loan	S + 325 (50 Floor)	7.53%	11/2028		1,470		1,402			0.3			792
MPH Acquisition (6)(7)	Senior Secured First Lien Term Loan	S + 375 (50 Floor)	8.03%	12/2030		106		106			0.0			105
MPH Acquisition (6)(7)	Senior Secured First Lien Term Loan	S + 425 (50 Floor)	8.53%	12/2030		881		738			0.3			793
Outcomes Group Holdings, Inc. (7)	Senior Secured First Lien Term Loan	S + 375	8.08%	05/2031		6,956		6,928			2.65			7,006
Upstream Newco Inc (7)	Senior Secured First Lien Term Loan	S + 425	8.53%	11/2026		1,472		1,426			0.4			1,159
Viant Medical Holdings, Inc. (7)	Senior Secured First Lien Term Loan	S + 400	8.33%	10/2031		1,446		1,439			0.5			1,437
Vital Care Buyer, LLC	Unitranche First Lien Term Loan	S + 450 (75 Floor)	8.80%	07/2031		2,152		2,133			0.8			2,152
Vital Care Buyer, LLC (4)(5)	Unitranche First Lien Revolver			07/2031		-		(2	)		-			-
						83,229		81,539			30.8			81,420
Insurance
Accession Risk Management (5)	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	9.03%	10/2029		553		556			0.2			553
Accession Risk Management (5)	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	9.05%	10/2029		858		862			0.3			858
Accession Risk Management (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	9.08%	10/2029		1,550		1,556			0.6			1,550
Accession Risk Management	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	9.08%	10/2029		2,022		2,022			0.8			2,022
Assured Partners (7)	Senior Secured First Lien Term Loan	S + 350 (50 Floor)	7.83%	01/2029		1,123		1,123			0.4			1,127
King Risk Partners LLC	Unitranche First Lien Term Loan	S + 450 (100 Floor)	8.83%	04/2031		2,275		2,258			0.9			2,258
King Risk Partners LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 450 (100 Floor)	8.83%	04/2031		349		343			0.1			332
King Risk Partners LLC (4)(5)	Unitranche First Lien Revolver			04/2031		-		(3	)		(0.0	)		(3	)
Summit Acquisition Inc. (7)	Senior Secured First Lien Term Loan	S + 375	8.08%	10/2026		789		787			0.3			792
See accompanying notes

14

Crescent Private Credit Income Corp. Consolidated Schedule of Investments June 30, 2025 (in thousands, except share and per share data) (Unaudited)
Country/Security/Industry/Company	Investment Type	Interest Term *	Interest Rate	Maturity/ Dissolution Date	Principal Amount, Par Value or Shares **		Cost			Percentage of Net Assets ***			Fair Value
The Hilb Group, LLC	Unitranche First Lien Term Loan	S + 450 (75 Floor)	8.58%	10/2031		5,980		5,928			2.3			5,923
The Hilb Group, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 450 (75 Floor)	8.83%	10/2031		43		37			0.0			30
The Hilb Group, LLC (5)	Unitranche First Lien Revolver	S + 450 (75 Floor)	8.83%	10/2031		50		44			0.0			43
Tropolis Holdings LLC	Senior Secured First Lien Term Loan	S + 450 (100 Floor)	8.80%	02/2031		349		346			0.1			346
Tropolis Holdings LLC (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			02/2031		-		(3	)		(0.0	)		(5	)
Tropolis Holdings LLC (4)(5)	Senior Secured First Lien Revolver			02/2031		-		(1	)		(0.0	)		(1	)
						15,941		15,855			6.0			15,825
Materials
Berlin Packaging L.L.C. (7)	Senior Secured First Lien Term Loan	S + 350	7.82%	06/2031		1,322		1,310			0.5			1,328
Chariot Buyer (7)	Senior Secured First Lien Term Loan	S + 325 (50 Floor)	7.58%	11/2028		1,845		1,841			0.7			1,850
Chemours (6)(7)	Senior Secured First Lien Term Loan	S + 300 (50 Floor)	7.33%	08/2028		1,079		1,069			0.4			1,079
Clydesdale Acquisition Holdings, Inc. (7)	Senior Secured First Lien Term Loan	S + 325	7.58%	03/2032		1,992		1,987			0.9			1,988
Clydesdale Acquisition Holdings, Inc. (5)(7)	Senior Secured First Lien Delayed Draw Term Loan	S + 325	7.54%	03/2032		1		1			0.0			1
Cornerstone (7)	Senior Secured First Lien Term Loan	S + 450 (50 Floor)	8.81%	05/2031		1,624		1,479			0.5			1,388
Discovery Purchaser Corporation (7)	Senior Secured First Lien Term Loan	S + 375 (50 Floor)	8.02%	10/2029		1,995		1,975			0.9			1,994
First Brands Group, LLC (7)	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	9.54%	03/2027		1,496		1,433			0.5			1,416
Foundation Building Materials, Inc. (7)	Senior Secured First Lien Term Loan	S + 400	8.28%	01/2031		1,795		1,742			0.7			1,763
Foundation Building Materials, Inc. (7)	Senior Secured First Lien Term Loan	S + 525	9.55%	01/2031		277		260			0.1			274
Hexion Holdings Corporation (7)	Senior Secured First Lien Term Loan	S + 400 (50 Floor)	8.31%	03/2029		1,696		1,680			0.6			1,694
Kodiak BP, LLC (7)	Senior Secured First Lien Term Loan	S + 375	8.03%	12/2031		1,771		1,711			0.6			1,706
LTI Holdings, Inc. (7)	Senior Secured First Lien Term Loan	S + 425	8.58%	07/2029		1,322		1,286			0.5			1,323
Online Labels Group, LLC	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.55%	12/2029		1,428		1,417			0.5			1,428
Online Labels Group, LLC (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	9.55%	12/2029		87		87			0.0			87
Online Labels Group, LLC (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			12/2029		-		(1	)		-			-
Online Labels Group, LLC (4)(5)	Senior Secured First Lien Revolver			12/2029		-		(1	)		-			-
Oscar Acquisitionco, LLC (7)	Senior Secured First Lien Term Loan	S + 425 (50 Floor)	8.55%	04/2029		1,247		1,135			0.4			1,154
Pegasus Steel	Senior Secured First Lien Term Loan	S + 475 (75 Floor)	9.05%	01/2031		1,537		1,521.0			0.6			1,529
Pegasus Steel (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			01/2031		-		(2	)		(0.0	)		(2	)
Pegasus Steel	Senior Secured First Lien Term Loan	S + 475 (75 Floor)	9.05%	01/2031		884		884			0.3			879
Pegasus Steel (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			01/2031		-		-			(0.0	)		(1	)
See accompanying notes

15

Crescent Private Credit Income Corp. Consolidated Schedule of Investments June 30, 2025 (in thousands, except share and per share data) (Unaudited)
Country/Security/Industry/Company	Investment Type	Interest Term *	Interest Rate	Maturity/ Dissolution Date	Principal Amount, Par Value or Shares **		Cost			Percentage of Net Assets ***			Fair Value
Pegasus Steel (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			01/2031		-		-			(0.0	)		(2	)
Plaze Inc (7)	Senior Secured First Lien Term Loan	S + 350	7.83%	08/2026		734		727.0			0.3			709
Plaze Inc (7)	Senior Secured First Lien Term Loan	S + 375 (75 Floor)	8.08%	08/2026		457		451			0.2			442
USALCO (7)	Senior Secured First Lien Term Loan	S + 400 (50 Floor)	8.33%	09/2031		1,130		1,130.0			0.4			1,138
USALCO (5)(7)	Senior Secured First Lien Delayed Draw Term Loan			09/2031		-		-			0.0			1
						25,719		25,122			9.6			25,166
Media and Entertainment
Arches Buyer Inc. (7)	Senior Secured First Lien Term Loan	S + 325	7.68%	12/2027		1,995		1,970			0.8			1,973
GoodRx (6)(7)	Senior Secured First Lien Term Loan	S + 375	8.08%	06/2029		1,317		1,305			0.5			1,321
Knot Worldwide Inc.	Senior Secured First Lien Term Loan	S + 375	8.08%	01/2028		1,496		1,470			0.6			1,494
Recess Holdings, Inc. (7)	Senior Secured First Lien Term Loan	S + 375 (100 Floor)	8.03%	02/2030		1,057		1,045			0.4			1,061
Stubhub (7)	Senior Secured First Lien Term Loan	S + 475	9.08%	03/2030		1,746		1,727			0.6			1,699
Univision Communications Inc.	Senior Secured First Lien Term Loan	S + 425 (50 Floor)	8.55%	06/2029		1,644		1,607			0.6			1,641
						9,255		9,124			3.5			9,189
Pharmaceuticals, Biotechnology and Life Sciences
Endo Finance Holdings, Inc. (6)(7)	Senior Secured First Lien Term Loan	S + 400 (50 Floor)	8.33%	04/2031		1,082		1,054			0.4			1,083
Nephron Pharmaceuticals LLC	Unitranche First Lien - Last Out Term Loan	S + 920	13.50%	12/2027		2,500		2,468			1.0			2,536
RN Enterprises, LLC	Unitranche First Lien Term Loan	S + 525 (75 Floor)	9.02%	10/2031		697		690			0.3			706
RN Enterprises, LLC	Unitranche First Lien Term Loan	S + 525 (75 Floor)	9.02%	10/2031		5,459		5,396			2.0			5,529
RN Enterprises, LLC (4)(5)	Unitranche First Lien Delayed Draw Term Loan			10/2031		-		(10	)		0.0			22
RN Enterprises, LLC (5)	Unitranche First Lien Revolver	S + 525 (75 Floor)	9.06%	10/2031		221		209			0.1			221
Southern Veterinary Partners, LLC (7)	Senior Secured First Lien Term Loan	S + 325	7.53%	12/2031		1,057		1,050			0.4			1,060
WCG Intermediate Corp. (7)	Senior Secured First Lien Term Loan	S + 300	7.33%	02/2032		1,600		1,586			0.6			1,585
WCT Group Holdings, LLC	Unitranche First Lien Term Loan	S + 475 (75 Floor)	10.55%	12/2029		3,324		3,257			1.3			3,358
WCT Group Holdings, LLC (4)(5)	Unitranche First Lien Revolver			12/2029		-		(9	)		-			-
						15,940		15,691			6.1			16,100
Real Estate Management and Development
Cushman Wakefield (6)(7)	Senior Secured First Lien Term Loan	S + 325 (50 Floor)	7.58%	01/2030		518		518			0.2			522
						518		518			0.2			522
See accompanying notes

16

Crescent Private Credit Income Corp. Consolidated Schedule of Investments June 30, 2025 (in thousands, except share and per share data) (Unaudited)
Country/Security/Industry/Company	Investment Type	Interest Term *	Interest Rate	Maturity/ Dissolution Date	Principal Amount, Par Value or Shares **		Cost			Percentage of Net Assets ***		Fair Value
Software and Services
Access Records Management (7)	Senior Secured First Lien Term Loan	S + 425 (50 Floor)	8.38%	08/2028		1,330		1,325			0.5		1,338
Advantage Sales (6)(7)	Senior Secured First Lien Term Loan	S + 425 (75 Floor)	8.53%	10/2027		1,094		1,070			0.3		919
Asurion, LLC (7)	Senior Secured First Lien Term Loan	S + 525	9.69%	01/2029		388		368			0.1		361
Asurion, LLC (7)	Senior Secured First Lien Term Loan	S + 425	8.58%	08/2028		2,294		2,257			0.9		2,273
Bonterra LLC	Unitranche First Lien Term Loan	S + 500 (75 Floor)	9.30%	03/2032		12,458		12,402			4.7		12,457
Bonterra LLC (4)(5)	Unitranche First Lien Delayed Draw Term Loan			03/2032		-		(3	)		-		-
Bonterra LLC (5)	Unitranche First Lien Revolver	S + 500 (75 Floor)	9.30%	03/2032		287		281			0.1		287
C-4 Analytics	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.58%	05/2030		7,326		7,264			2.8		7,326
C-4 Analytics (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			05/2030		-		(8	)		-		-
C-4 Analytics (5)	Senior Secured First Lien Revolver	S + 525 (100 Floor)	9.58%	05/2030		225		219			0.1		225
Cloud Software Group, Inc. (7)	Senior Secured First Lien Term Loan	S + 375 (50 Floor)	8.05%	03/2031		1,588		1,572			0.6		1,593
Cloud Software Group, Inc. (7)	Senior Secured First Lien Term Loan	S + 350 (50 Floor)	7.80%	03/2029		444		433			0.2		445
Concord III, LLC	Unitranche First Lien Term Loan	S + 600 (100 Floor)	10.30%	12/2028		5,604		5,563			2.1		5,604
Concord III, LLC	Unitranche First Lien Term Loan	S + 600 (100 Floor)	10.30%	12/2028		298		294			0.1		298
Concord III, LLC (5)	Unitranche First Lien Revolver	S + 600 (100 Floor)	10.30%	12/2028		244		242			0.1		244
Constant Contact, Inc. (7)	Senior Secured First Lien Term Loan	S + 400 (75 Floor)	8.52%	02/2028		1,397		1,308			0.5		1,342
DS Admiral (7)	Senior Secured First Lien Term Loan	S + 425	8.55%	06/2031		1,331		1,313			0.5		1,328
Ensono (7)	Senior Secured First Lien Term Loan	S + 400 (75 Floor)	8.33%	05/2028		1,604		1,572			0.6		1,607
Enverus (4)(5)	Unitranche First Lien Delayed Draw Term Loan			12/2029		-		(1	)		-		-
Enverus (5)	Unitranche First Lien Revolver	S + 550 (75 Floor)	9.82%	12/2029		24		21			0.0		16
Enverus	Unitranche First Lien Term Loan	S + 550 (75 Floor)	9.83%	12/2029		4,522		4,471			1.7		4,522
Evergreen IX Borrower 2023, LLC	Unitranche First Lien Term Loan	S + 475 (75 Floor)	9.05%	09/2030		4,433		4,341			1.7		4,477
Evergreen IX Borrower 2023, LLC	Unitranche First Lien Term Loan	S + 475 (75 Floor)	9.05%	09/2030		4,963		4,919			1.9		5,012
Evergreen IX Borrower 2023, LLC (4)(5)	Unitranche First Lien Revolver			09/2029		-		(9	)		-		-
Fortress	Senior Secured First Lien Term Loan	S + 350	7.83%	05/2031		1,374		1,351			0.5		1,379
Granicus, Inc. (5)	Unitranche First Lien Term Loan	S + 350 (100 Floor) (plus 225 PIK)	10.04%	01/2031		3,946		3,916			1.5		3,936
Granicus, Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 350 (100 Floor) (plus 225 PIK)	10.04%	01/2031		583		578			0.2		581
Granicus, Inc. (5)	Unitranche First Lien Delayed Draw Term Loan	S + 350 (75 Floor) (plus 225 PIK)	10.04%	01/2031		366		364			0.1		365
Granicus, Inc. (5)	Unitranche First Lien Revolver	P + 200 (100 Floor) (plus 225 PIK)	11.75%	01/2031		77		72			0.0		71
See accompanying notes

17

Crescent Private Credit Income Corp. Consolidated Schedule of Investments June 30, 2025 (in thousands, except share and per share data) (Unaudited)
Country/Security/Industry/Company	Investment Type	Interest Term *	Interest Rate	Maturity/ Dissolution Date	Principal Amount, Par Value or Shares **		Cost			Percentage of Net Assets ***			Fair Value
Imagine Learning LLC (7)	Senior Secured First Lien Term Loan	S + 350 (50 Floor)	7.83%	12/2029		1,761		1,742			0.7			1,720
Medicus IT	Unitranche First Lien Term Loan	S + 475 (75 Floor)	9.05%	07/2031		6,070		6,016			2.3			6,024
Medicus IT	Unitranche First Lien Term Loan	S + 500 (75 Floor)	10.75%	06/2032		11,387		11,300			4.3			11,302
Medicus IT (4)(5)	Unitranche First Lien Delayed Draw Term Loan			07/2031		-		(12	)		(0.0	)		(21	)
Medicus IT (4)(5)	Unitranche First Lien Revolver			07/2031		-		(9	)		(0.0	)		(8	)
Medicus IT (4)(5)	Unitranche First Lien Delayed Draw Term Loan			06/2032		-		(2	)		(0.0	)		(2	)
Medicus IT (4)(5)	Unitranche First Lien Revolver			06/2032		-		(7	)		(0.0	)		(7	)
Mermaid Bidco Inc. (7)	Senior Secured First Lien Term Loan	S + 325	7.51%	07/2031		293		292			0.1			294
MH Sub I, LLC (7)	Senior Secured First Lien Term Loan	S + 425 (50 Floor)	8.58%	12/2031		1,373		1,319			0.5			1,202
BVI Medical Inc. (4)(5)	Unitranche First Lien Revolver			03/2032		-		(9	)		(0.0	)		(5	)
Milano Acquisition Corp (Gainwell) (7)	Senior Secured First Lien Term Loan	S + 425 (75 Floor)	8.55%	10/2027		1,381		1,335			0.5			1,334
Net Health Acquisition Corp.	Unitranche First Lien Term Loan	S + 475 (75 Floor)	9.08%	07/2031		8,819		8,744			3.3			8,807
Net Health Acquisition Corp.	Unitranche First Lien Revolver	S + 475 (75 Floor)	9.08%	07/2031		1,136		1,127			0.4			1,135
Planview Parents, Inc. (7)	Senior Secured First Lien Term Loan	S + 350	7.80%	12/2027		2,020		1,959			0.7			1,970
Rightworks LLC	Unitranche First Lien Term Loan	S + 500 (100 Floor)	9.33%	05/2029		11,495		11,495			4.5			11,496
Rightworks LLC (5)	Unitranche First Lien Revolver	S + 500 (100 Floor)	9.33%	05/2029		165		165			0.1			165
Rocket Software (7)	Senior Secured First Lien Term Loan	S + 425 (50 Floor)	8.58%	11/2028		1,473		1,462			0.6			1,478
Skopima Consilio Parent LLC (7)	Senior Secured First Lien Term Loan	S + 375 (50 Floor)	8.08%	05/2028		1,746		1,726			0.7			1,725
SMX Group, LLC (7)	Senior Secured First Lien Term Loan	S + 450	8.80%	02/2032		5,420		5,369			2.1			5,441
Sovos Compliance, LLC (7)	Senior Secured First Lien Term Loan	S + 400	8.33%	08/2029		1,590		1,584			0.6			1,600
						114,329		113,091			43.2			113,656
Telecommunication Services
CCI Buyer, Inc	Unitranche First Lien Term Loan	S + 500 (75 Floor)	9.31%	05/2032		28,300		28,016			10.7			28,018
CCI Buyer, Inc (4)(5)	Unitranche First Lien Revolver			05/2032		-		(16	)		(0.0	)		(17	)
Zayo Group Holdings, Inc. (7)	Senior Secured First Lien Term Loan	S + 300	7.33%	03/2027		840		778			0.3			801
						29,140		28,778			11.0			28,802
Transportation
AIT Worldwide Logistics Holdings, Inc. (7)	Senior Secured First Lien Term Loan	S + 475