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      <invstOrSec>
        <name>Bridge Street CLO</name>
        <lei>254900PNW8DFFG2S8664</lei>
        <title>Bridge Street CLO IV Ltd</title>
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          <isin value="US107935AC25"/>
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        <balance>23700000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Bridge Street CLO</name>
        <lei>254900PNW8DFFG2S8664</lei>
        <title>Bridge Street CLO VI Ltd</title>
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          <isin value="US10806TAC53"/>
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        <balance>11100000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Brock Holdings III Inc</name>
        <lei>5493000L6QAVHKOAM302</lei>
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          <isin value="US11163AAB35"/>
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        <balance>13993525.01000000</balance>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chinos Intermediate Holdings A Inc</name>
        <lei>54930061EIIAONXJMZ79</lei>
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          <isin value="US16961YAB48"/>
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        <balance>15800000.00000000</balance>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State Street Bank &amp; Trust Co.</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>State Street Bank &amp; Trust Co.</counterpartyName>
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      <invstOrSec>
        <name>State Street Bank &amp; Trust Co.</name>
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          <other otherDesc="Trade Identifier" value="26EOVBB2LQC"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>State Street Bank &amp; Trust Co.</counterpartyName>
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      <invstOrSec>
        <name>EyeCare Partners LLC</name>
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        <title>EyeCare Partners LLC 2024 Superpriority New Money 1st Out Term Loan A</title>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gibson Brands Inc</name>
        <lei>549300KU4ACNZQGB7J14</lei>
        <title>Gibson Brands Inc 2021 Term Loan</title>
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        <balance>7964085.32000000</balance>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GUITAR CENTER INC</name>
        <lei>N/A</lei>
        <title>Guitar Center Inc</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HMN Acquirer Corp</name>
        <lei>254900QZT0J6LRLXFE61</lei>
        <title>HMN Acquirer Corp Delayed Draw Term Loan</title>
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        <fairValLevel>3</fairValLevel>
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        <name>HMN Acquirer Corp</name>
        <lei>254900QZT0J6LRLXFE61</lei>
        <title>HMN Acquirer Corp Revolver</title>
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        <fairValLevel>3</fairValLevel>
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        <name>HMN Acquirer Corp</name>
        <lei>254900QZT0J6LRLXFE61</lei>
        <title>HMN Acquirer Corp Term Loan</title>
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        <name>Harvest Oil &amp; Gas Corp</name>
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        <title>Harvest Oil &amp; Gas Corp</title>
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        <name>IXS Holdings Inc</name>
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        <title>IXS Holdings Inc 2025 Repriced Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>LHS Borrower LLC</name>
        <lei>2549000R2CJY3YBDDU14</lei>
        <title>LHS Borrower LLC 2025 Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>LHS Borrower LLC</name>
        <lei>2549000R2CJY3YBDDU14</lei>
        <title>LHS Borrower LLC 2025 Revolver</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LaserShip Inc</name>
        <lei>254900NGHREGOQUFUT53</lei>
        <title>LaserShip Inc 2024 New Money Term Loan A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>M2S Group Holdings Inc</name>
        <lei>N/A</lei>
        <title>M2S Group Holdings Inc Term Loan B</title>
        <cusip>55287CAB7</cusip>
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          <isin value="US55287CAB72"/>
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        <balance>26896551.74000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-25</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Mannington Mills Inc</name>
        <lei>N/A</lei>
        <title>Mannington Mills Inc 2025 Term Loan B</title>
        <cusip>56388VAF2</cusip>
        <identifiers>
          <isin value="US56388VAF22"/>
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        <balance>39476388.89000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39081625.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Max US Bidco Inc</name>
        <lei>254900BY85K73YD65D15</lei>
        <title>Max US Bidco Inc Term Loan B</title>
        <cusip>57778YAB1</cusip>
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          <isin value="US57778YAB11"/>
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        <balance>1216406.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1113473.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-02</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MAVERICK POWER LLC</name>
        <lei>N/A</lei>
        <title>Maverick Power LLC Term Loan</title>
        <cusip>57779NAB4</cusip>
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          <isin value="US57779NAB47"/>
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        <balance>19900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19900000.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-04</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>NATIONAL MENTOR HOLDINGS INC</name>
        <lei>5493004QULJVJP3CNZ62</lei>
        <title>National Mentor Holdings Inc 2025 1st Lien Term Loan B</title>
        <cusip>63689EAX3</cusip>
        <identifiers>
          <isin value="US63689EAX31"/>
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        <balance>15184269.06000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-12</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>New WPCC Parent LLC</name>
        <lei>N/A</lei>
        <title>New WPCC Parent LLC Term Loan</title>
        <cusip>64929VAB1</cusip>
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          <isin value="US64929VAB18"/>
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        <balance>8094514.81000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PECF USS Intermediate Holding III Corporation</name>
        <lei>254900DIL842DEXPYJ91</lei>
        <title>PECF USS Intermediate Holding III Corporation 2026 Term Loan</title>
        <cusip>69291LAJ5</cusip>
        <identifiers>
          <isin value="US69291LAJ52"/>
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        <balance>7600858.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7311114.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-03</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PF Chang's China Bistro Inc</name>
        <lei>N/A</lei>
        <title>PF Chang's China Bistro Inc 2019 Term Loan B</title>
        <cusip>69345YAB0</cusip>
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          <isin value="US69345YAB02"/>
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        <balance>22083333.33000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-03</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Padagis LLC</name>
        <lei>N/A</lei>
        <title>Padagis LLC Term Loan B</title>
        <cusip>69526PAC8</cusip>
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          <isin value="US69526PAC86"/>
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        <balance>7787740.90000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.69000000</annualizedRt>
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      <invstOrSec>
        <name>PRETIUM PKG HOLDINGS INC</name>
        <lei>254900S6SXME9YWLU075</lei>
        <title>Pretium PKG Holdings Inc 2026 1st Out Exit Term Loan</title>
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          <isin value="US74142KAR05"/>
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        <balance>26588518.93000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-02</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>REALTRUCK GROUP INC</name>
        <lei>54930007KT5CX7XNSD31</lei>
        <title>RealTruck Group Inc 2026 FLFO New Money Term Loan</title>
        <cusip>75607VAB6</cusip>
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          <isin value="US75607VAB62"/>
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        <balance>4983890.73000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>REALTRUCK GROUP INC</name>
        <lei>54930007KT5CX7XNSD31</lei>
        <title>RealTruck Group Inc 2026 FLSO Tranche A Term Loan</title>
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          <isin value="US75607VAC46"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-31</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>REALTRUCK GROUP INC</name>
        <lei>54930007KT5CX7XNSD31</lei>
        <title>RealTruck Group Inc 2026 FLSO Tranche B Term Loan B</title>
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          <isin value="US75607VAD29"/>
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      <invstOrSec>
        <name>Recovery Solutions Parent LLC</name>
        <lei>N/A</lei>
        <title>Recovery Solutions Parent LLC Term Loan</title>
        <cusip>75627HAB3</cusip>
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          <isin value="US75627HAB33"/>
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        <balance>9384891.75000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Titan Purchaser Inc</name>
        <lei>N/A</lei>
        <title>Titan Purchaser Inc Term Loan B</title>
        <cusip>88831XAB3</cusip>
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          <isin value="US88831XAB38"/>
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        <invCountry>US</invCountry>
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        <name>Glatfelter Corp</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>Glatfelter Corp Term Loan B</title>
        <cusip>89458XAB3</cusip>
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          <isin value="US89458XAB38"/>
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        <balance>8994585.98000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-04</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>TruGreen Limited Partnership</name>
        <lei>549300QNRP2MNHR3QM19</lei>
        <title>TruGreen Limited Partnership 2020 Term Loan</title>
        <cusip>89787RAH5</cusip>
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          <isin value="US89787RAH57"/>
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        <balance>24268271.05000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23297540.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.77000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>LEIA ACQUISITION LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Array Midco Corp</name>
        <lei>2549006QJO7TR3GSGI51</lei>
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        <balance>23585827.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23291004.76000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CCS Acquisition Inc</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCS Acquisition, Inc.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Project Granite Buyer Inc</name>
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        <title>Project Granite Buyer Inc Delayed Draw Term Loan</title>
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          <other otherDesc="LoanX ID" value="LX257382"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Project Granite Buyer Inc</name>
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          <other otherDesc="LoanX ID" value="LX257383"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Project Granite Buyer Inc</name>
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        <title>Project Granite Buyer Inc Term Loan</title>
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          <other otherDesc="LoanX ID" value="LX257381"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-31</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Accupac LLC</name>
        <lei>254900YT24DHW6P5YE87</lei>
        <title>Accupac LLC 2024 Term Loan</title>
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          <other otherDesc="LoanX ID" value="LX260200"/>
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        <balance>43299534.26000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32368282.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-31</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Accupac LLC</name>
        <lei>254900YT24DHW6P5YE87</lei>
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          <other otherDesc="LoanX ID" value="LX260201"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Array Midco Corp</name>
        <lei>2549006QJO7TR3GSGI51</lei>
        <title>Array Midco Corp 2024 Delayed Draw Term Loan</title>
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        <balance>7498909.96000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>OLIBRE BORROWER LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000DJ24"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>STRYTEN ENERGY RESOURCES LLC</name>
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          <other otherDesc="LoanX ID" value="LX257833"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Loungers</name>
        <lei>213800FA4HQ339CRNN34</lei>
        <title>Loungers GBP Term Loan B</title>
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          <other otherDesc="Internal Identifier" value="BA000GXF2"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FUTURE PAK LLC</name>
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        <title>Future Pak LLC 2025 Term Loan</title>
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          <other otherDesc="Internal Identifier" value="BA000HCF3"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-21</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>LTC CONSULTING SERVICES LLC</name>
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        <title>LTC Consulting Services LLC Term Loan</title>
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          <other otherDesc="Internal Identifier" value="BA000JST2"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>LTC CONSULTING SERVICES LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000JSV7"/>
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        <balance>1515151.52000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>TRIMLIGHT INC</name>
        <lei>N/A</lei>
        <title>Trimlight Inc Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000JWW0"/>
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        <balance>24907894.73000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2030-05-06</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>TRIMLIGHT INC</name>
        <lei>N/A</lei>
        <title>Trimlight Inc Revolver</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000JY65"/>
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        <balance>3157894.73000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3110526.31000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SkyZone</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000K1X9"/>
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        <balance>4950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4770562.50000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2028-07-18</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SkyZone</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000K1Y7"/>
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        <balance>4962500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4782609.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.39000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MedPro</name>
        <lei>N/A</lei>
        <title>MedPro Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX263660"/>
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        <balance>25064351.73000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24813708.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.89000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mood Media Borrower,LLC,</name>
        <lei>549300XXPJSI7843ZB15</lei>
        <title>Mood Media BorrowerLLC 2025 Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000KRY9"/>
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        <balance>5522046.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5473728.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.39000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mood Media Borrower,LLC,</name>
        <lei>549300XXPJSI7843ZB15</lei>
        <title>Mood Media BorrowerLLC 2025 Revolver</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000KS36"/>
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        <balance>422033.68000000</balance>
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        <curCd>USD</curCd>
        <valUSD>418340.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.39000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST BRANDS GROUP LLC</name>
        <lei>2549005IXRZR7KSBJD91</lei>
        <title>First Brands Group LLC 2025 Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX264951"/>
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        <balance>0.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MASSIV BRANDS LLC</name>
        <lei>N/A</lei>
        <title>Massiv Brands LLC Fixed PIK Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000M4C8"/>
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        <balance>42055114.57000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40583185.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>15.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHEPHERD INTERMEDIATE LLC</name>
        <lei>N/A</lei>
        <title>Shepherd Intermediate LLC Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000MD20"/>
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        <balance>13551382.01000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13703835.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.92000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHEPHERD INTERMEDIATE LLC</name>
        <lei>N/A</lei>
        <title>Shepherd Intermediate LLC Delayed Draw Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000MD46"/>
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        <balance>4880293.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4935197.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.93000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHEPHERD INTERMEDIATE LLC</name>
        <lei>N/A</lei>
        <title>Shepherd Intermediate LLC Revolver</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000MD53"/>
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        <balance>1041666.67000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1053385.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HMP Omnimedia LLC</name>
        <lei>549300M1JI6N53DV2Z13</lei>
        <title>HMP Omnimedia LLC Term Loan A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX267369"/>
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        <balance>21586875.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21344022.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.89000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>HMP Omnimedia LLC</name>
        <lei>549300M1JI6N53DV2Z13</lei>
        <title>HMP Omnimedia LLC Delayed Draw Term Loan</title>
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          <other otherDesc="LoanX ID" value="LX267370"/>
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        <balance>5625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5561718.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>HMP Omnimedia LLC</name>
        <lei>549300M1JI6N53DV2Z13</lei>
        <title>HMP Omnimedia LLC Revolver</title>
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          <other otherDesc="LoanX ID" value="LX267368"/>
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        <balance>5625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5575781.25000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Phoenix Rehabilitation And Health Services, Inc.</name>
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        <title>Phoenix Rehabilitation And Health Services Inc Term Loan A</title>
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          <other otherDesc="Internal Identifier" value="BA000QBB3"/>
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        <balance>19782941.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19436739.73000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-29</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Phoenix Rehabilitation And Health Services, Inc.</name>
        <lei>N/A</lei>
        <title>Phoenix Rehabilitation And Health Services Inc PIK Term Loan B</title>
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          <other otherDesc="Internal Identifier" value="BA000QBC1"/>
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        <balance>5493972.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5775538.49000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Phoenix Rehabilitation And Health Services, Inc.</name>
        <lei>N/A</lei>
        <title>Phoenix Rehabilitation And Health Services Inc Delayed Draw Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000QBD9"/>
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        <balance>3823529.41000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3756617.65000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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      <invstOrSec>
        <name>Phoenix Rehabilitation And Health Services, Inc.</name>
        <lei>N/A</lei>
        <title>Phoenix Rehabilitation And Health Services Inc Revolver</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000QBG2"/>
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        <balance>3823529.41000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3756617.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
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        <securityLending>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Harrel-Fish, LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>SPINRITE INC</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>3</fairValLevel>
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        <lei>549300CNRTKL60LXDC43</lei>
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        <name>TIKEHAU SONIC SARL</name>
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        <name>TIKEHAU SONIC SARL</name>
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        <name>EXEMPLIS LLC</name>
        <lei>549300YCTX65T9LN3062</lei>
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        <name>EXEMPLIS LLC</name>
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        <name>ADAN-B, LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ADAN-B, LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TIKEHAU SONIC SARL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACM US Finco LP</name>
        <lei>N/A</lei>
        <title>ACM US Finco LP Term Loan</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Frozen Garlic Bread Holdings Inc</name>
        <lei>N/A</lei>
        <title>Frozen Garlic Bread Holdings Inc Delayed Draw Term Loan</title>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Frozen Garlic Bread Holdings Inc</name>
        <lei>N/A</lei>
        <title>Frozen Garlic Bread Holdings Inc Term Loan</title>
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          <other otherDesc="LoanX ID" value="LX283964"/>
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        <balance>13219296.11000000</balance>
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        <invCountry>CA</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2032-02-06</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Frozen Garlic Bread Holdings Inc</name>
        <lei>N/A</lei>
        <title>Frozen Garlic Bread Holdings Inc Revolver</title>
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          <other otherDesc="LoanX ID" value="LX283970"/>
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        <balance>1699029.13000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>ORANGE HIBISCUS LLC</name>
        <lei>254900HPFBV49KG90V59</lei>
        <title>Orange Hibiscus LLC Term Loan</title>
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          <other otherDesc="Internal Identifier" value="BA000Y3L3"/>
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        <balance>18127656.25000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2031-03-06</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>ORANGE HIBISCUS LLC</name>
        <lei>254900HPFBV49KG90V59</lei>
        <title>Orange Hibiscus LLC Revolver</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000Y3M1"/>
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        <balance>1718750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1703710.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2031-03-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ORANGE HIBISCUS LLC</name>
        <lei>254900HPFBV49KG90V59</lei>
        <title>Orange Hibiscus LLC Delayed Draw Term Loan A</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000Y3P4"/>
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        <balance>4125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4088906.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2031-03-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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      <invstOrSec>
        <name>ORANGE HIBISCUS LLC</name>
        <lei>254900HPFBV49KG90V59</lei>
        <title>Orange Hibiscus LLC Delayed Draw Term Loan B</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000Y3R0"/>
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        <balance>3437500.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2031-03-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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      <invstOrSec>
        <name>PROJECT GRANITE BUYER INC</name>
        <lei>N/A</lei>
        <title>Project Granite Buyer Inc 2026-1 Incremental Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000Y481"/>
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        <balance>2493750.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>NICKERSON EDUCATION BUYER LLC</name>
        <lei>N/A</lei>
        <title>Nickerson Education Buyer LLC Term Loan</title>
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          <other otherDesc="Internal Identifier" value="BA000YJ02"/>
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        <balance>13507199.99000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-19</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>NICKERSON EDUCATION BUYER LLC</name>
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          <other otherDesc="Internal Identifier" value="BA000YJ10"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NICKERSON EDUCATION BUYER LLC</name>
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        <balance>5052631.58000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-19</maturityDt>
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      <invstOrSec>
        <name>VESTA FOODSERVICE</name>
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        <title>Vesta Foodservice Term Loan</title>
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          <maturityDt>2033-04-01</maturityDt>
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        <name>VESTA FOODSERVICE</name>
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        <fairValLevel>3</fairValLevel>
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        <name>VESTA FOODSERVICE</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>KRISTOFF BUYER LLC</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>KRISTOFF BUYER LLC</name>
        <lei>N/A</lei>
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        <balance>8533333.33000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8373333.33000000</valUSD>
        <pctVal>0.614763546041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KRISTOFF BUYER LLC</name>
        <lei>N/A</lei>
        <title>Kristoff Buyer LLC Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000ZSG4"/>
        </identifiers>
        <balance>19200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18840000.00000000</valUSD>
        <pctVal>1.383217979143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEAHAWK BUYER LLC</name>
        <lei>N/A</lei>
        <title>Seahawk Buyer LLC Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA00105X8"/>
        </identifiers>
        <balance>13043478.26000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13043478.26000000</valUSD>
        <pctVal>0.957641912940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.87000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEAHAWK BUYER LLC</name>
        <lei>N/A</lei>
        <title>Seahawk Buyer LLC Revolver</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA00105Y6"/>
        </identifiers>
        <balance>2608695.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2608695.65000000</valUSD>
        <pctVal>0.191528382441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.89000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEAHAWK BUYER LLC</name>
        <lei>N/A</lei>
        <title>Seahawk Buyer LLC Delayed Draw Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0010609"/>
        </identifiers>
        <balance>9347826.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9347826.09000000</valUSD>
        <pctVal>0.686310037876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOUNGERS</name>
        <lei>213800FA4HQ339CRNN34</lei>
        <title>LOUNGERS 2026 GBP 1st LIEN Delayed Draw Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0011BZ4"/>
        </identifiers>
        <balance>2256000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75429000"/>
        <valUSD>2960983.18000000</valUSD>
        <pctVal>0.217393055759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.23000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SGA DENTAL PARTNERS OPCO LLC</name>
        <lei>N/A</lei>
        <title>SGA DENTAL PARTNERS OPCO LLC 2026 TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX292576"/>
        </identifiers>
        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5880000.00000000</valUSD>
        <pctVal>0.431704974382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.66000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CG GROUP HOLDINGS LLC</name>
        <lei>254900EHM7O125OUMJ79</lei>
        <title>CG GROUP HOLDINGS LLC 2026 TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0011V33"/>
        </identifiers>
        <balance>15800755.54000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15642747.83000000</valUSD>
        <pctVal>1.148478240003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CG GROUP HOLDINGS LLC</name>
        <lei>254900EHM7O125OUMJ79</lei>
        <title>CG GROUP HOLDINGS LLC 2026 DELAYED DRAW TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0011V41"/>
        </identifiers>
        <balance>1119244.46000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1116446.35000000</valUSD>
        <pctVal>0.081968612742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLIENT TELEPHONE SOLUTIONS LLC</name>
        <lei>2549000TSE66903O5H64</lei>
        <title>CLIENT TELEPHONE SOLUTIONS LLC TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0011VL3"/>
        </identifiers>
        <balance>25344827.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24901293.11000000</valUSD>
        <pctVal>1.828233351044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.18000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLIENT TELEPHONE SOLUTIONS LLC</name>
        <lei>2549000TSE66903O5H64</lei>
        <title>CLIENT TELEPHONE SOLUTIONS LLC DELAYED DRAW TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0011VQ2"/>
        </identifiers>
        <balance>9655172.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9570689.55000000</valUSD>
        <pctVal>0.702672497789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delivery Hero SE</name>
        <lei>529900KR9IO53KSCSQ67</lei>
        <title>Delivery Hero SE 2024 USD Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAD2007ZAE79"/>
        </identifiers>
        <balance>24437500.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24597932.19000000</valUSD>
        <pctVal>1.805960830942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.64000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>FS Specialty Lending Fund</ncom:nameOfApplicant>
      <ncom:signature>William Goebel</ncom:signature>
      <ncom:signerName>William Goebel</ncom:signerName>
      <ncom:title>Chief Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
