☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Maryland | 85-1187564 | |||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
399 Park Avenue, New York, New York | 10022 | |||||||
(Address of principal executive offices) | (Zip Code) | |||||||
Registrant’s telephone number, including area code: (212) 419-3000 |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
None | None | None |
Large accelerated filer | ☐ | Accelerated filer | ||||||||||||
☐ | ||||||||||||||
Non-accelerated filer | ☒ | Small reporting company | ||||||||||||
☐ | ||||||||||||||
Emerging growth company | ☐ |
Page | ||||||||
CONSOLIDATED FINANCIAL | ||||||||
Item 1. | ||||||||
OTHER INFORMATION | ||||||||
Item 1. | ||||||||
Item 2. | ||||||||
Item 5. | ||||||||
Item 6. | ||||||||
September 30, 2022 (Unaudited) | December 31, 2021 | March 31, 2023 (Unaudited) | December 31, 2022 | |||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||
Investments at fair value | Investments at fair value | Investments at fair value | ||||||||||||||||||||
Non-controlled, non-affiliated investments (amortized cost of $10,153,647 and $3,116,897, respectively) | $ | 9,995,104 | $ | 3,120,372 | ||||||||||||||||||
Non-controlled, affiliated investments (amortized cost of $7,032 and $0, respectively) | 7,032 | — | ||||||||||||||||||||
Controlled, affiliated investments (amortized cost of $1,368 and $0, respectively) | 1,368 | — | ||||||||||||||||||||
Total investments at fair value (amortized cost of $10,162,047 and $3,116,897, respectively) | 10,003,504 | 3,120,372 | ||||||||||||||||||||
Cash | 176,350 | 21,459 | ||||||||||||||||||||
Non-controlled, non-affiliated investments (amortized cost of $11,277,576 and $10,585,542, respectively) | Non-controlled, non-affiliated investments (amortized cost of $11,277,576 and $10,585,542, respectively) | $ | 11,226,094 | $ | 10,469,767 | |||||||||||||||||
Non-controlled, affiliated investments (amortized cost of $79,322 and $6,224, respectively) | Non-controlled, affiliated investments (amortized cost of $79,322 and $6,224, respectively) | 79,273 | 6,175 | |||||||||||||||||||
Controlled, affiliated investments (amortized cost of $283,790 and $233,026, respectively) | Controlled, affiliated investments (amortized cost of $283,790 and $233,026, respectively) | 285,657 | 231,642 | |||||||||||||||||||
Total investments at fair value (amortized cost of $11,640,688 and $10,824,792, respectively) | Total investments at fair value (amortized cost of $11,640,688 and $10,824,792, respectively) | 11,591,024 | 10,707,584 | |||||||||||||||||||
Cash (restricted cash of $17,000 and $23,000, respectively) | Cash (restricted cash of $17,000 and $23,000, respectively) | 464,051 | 225,247 | |||||||||||||||||||
Interest receivable | Interest receivable | 62,043 | 19,034 | Interest receivable | 82,168 | 80,402 | ||||||||||||||||
Receivable for investments sold | 1,965 | — | ||||||||||||||||||||
Due from affiliates | Due from affiliates | — | 20,202 | |||||||||||||||||||
Prepaid expenses and other assets | Prepaid expenses and other assets | 4,477 | 2,883 | Prepaid expenses and other assets | 3,247 | 2,927 | ||||||||||||||||
Total Assets | Total Assets | $10,248,339 | $3,163,748 | Total Assets | $ | 12,140,490 | $ | 11,036,362 | ||||||||||||||
Liabilities | Liabilities | Liabilities | ||||||||||||||||||||
Debt (net of unamortized debt issuance costs of $65,485 and $22,641, respectively) | 5,334,939 | 1,525,811 | ||||||||||||||||||||
Debt (net of unamortized debt issuance costs of $63,141 and $63,306, respectively) | Debt (net of unamortized debt issuance costs of $63,141 and $63,306, respectively) | 5,928,078 | 5,477,411 | |||||||||||||||||||
Distribution payable | Distribution payable | 33,485 | 9,005 | Distribution payable | 41,515 | 37,036 | ||||||||||||||||
Payable for investments purchased | Payable for investments purchased | 59,788 | 27,363 | Payable for investments purchased | 113,705 | 41,706 | ||||||||||||||||
Payables to affiliates | Payables to affiliates | 22,512 | 9,121 | Payables to affiliates | 33,099 | 32,590 | ||||||||||||||||
Tender offer payable | Tender offer payable | 42,878 | 1,413 | Tender offer payable | 93,120 | 110,836 | ||||||||||||||||
Accrued expenses and other liabilities | Accrued expenses and other liabilities | 48,480 | 10,307 | Accrued expenses and other liabilities | 58,576 | 87,030 | ||||||||||||||||
Total Liabilities | Total Liabilities | $5,542,082 | $1,583,020 | Total Liabilities | $ | 6,268,093 | $ | 5,786,609 | ||||||||||||||
Commitments and contingencies (Note 7) | Commitments and contingencies (Note 7) | Commitments and contingencies (Note 7) | ||||||||||||||||||||
Net Assets | Net Assets | Net Assets | ||||||||||||||||||||
Class S Common shares $0.01 par value, 1,000,000,000 shares authorized; 179,513,911 and 60,700,920 shares issued and outstanding, respectively | 1,795 | 607 | ||||||||||||||||||||
Class D Common shares $0.01 par value, 1,000,000,000 shares authorized; 44,952,979 and 18,552,331 shares issued and outstanding, respectively | 450 | 186 | ||||||||||||||||||||
Class I Common shares $0.01 par value, 1,000,000,000 shares authorized; 298,101,538 and 90,103,200 shares issued and outstanding, respectively | 2,981 | 901 | ||||||||||||||||||||
Class S Common shares $0.01 par value, 1,000,000,000 shares authorized; 213,854,074 and 196,951,435 shares issued and outstanding, respectively | Class S Common shares $0.01 par value, 1,000,000,000 shares authorized; 213,854,074 and 196,951,435 shares issued and outstanding, respectively | 2,139 | 1,970 | |||||||||||||||||||
Class D Common shares $0.01 par value, 1,000,000,000 shares authorized; 54,057,157 and 48,895,298 shares issued and outstanding, respectively | Class D Common shares $0.01 par value, 1,000,000,000 shares authorized; 54,057,157 and 48,895,298 shares issued and outstanding, respectively | 541 | 489 | |||||||||||||||||||
Class I Common shares $0.01 par value, 1,000,000,000 shares authorized; 368,625,675 and 332,811,718 shares issued and outstanding, respectively | Class I Common shares $0.01 par value, 1,000,000,000 shares authorized; 368,625,675 and 332,811,718 shares issued and outstanding, respectively | 3,686 | 3,328 | |||||||||||||||||||
Additional paid-in-capital | Additional paid-in-capital | 4,816,766 | 1,574,366 | Additional paid-in-capital | 5,852,741 | 5,322,239 | ||||||||||||||||
Accumulated undistributed (overdistributed) earnings | Accumulated undistributed (overdistributed) earnings | (115,735) | 4,668 | Accumulated undistributed (overdistributed) earnings | 13,290 | (78,273) | ||||||||||||||||
Total Net Assets | Total Net Assets | $4,706,257 | $1,580,728 | Total Net Assets | $ | 5,872,397 | $ | 5,249,753 | ||||||||||||||
Total Liabilities and Net Assets | Total Liabilities and Net Assets | $10,248,339 | $3,163,748 | Total Liabilities and Net Assets | $ | 12,140,490 | $ | 11,036,362 | ||||||||||||||
Net Asset Value Per Class S Share | Net Asset Value Per Class S Share | $8.99 | $9.33 | Net Asset Value Per Class S Share | $ | 9.21 | $ | 9.06 | ||||||||||||||
Net Asset Value Per Class D Share | Net Asset Value Per Class D Share | $9.00 | $9.33 | Net Asset Value Per Class D Share | $ | 9.22 | $ | 9.07 | ||||||||||||||
Net Asset Value Per Class I Share | Net Asset Value Per Class I Share | $9.01 | $9.34 | Net Asset Value Per Class I Share | $ | 9.24 | $ | 9.08 |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | For the Three Months Ended March 31, | ||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2023 | 2022 (1) | |||||||||||||||||||||||||||||
Investment Income | Investment Income | Investment Income | ||||||||||||||||||||||||||||||||
Investment income from non-controlled, non-affiliated investments: | Investment income from non-controlled, non-affiliated investments: | Investment income from non-controlled, non-affiliated investments: | ||||||||||||||||||||||||||||||||
Interest income | Interest income | $ | 174,782 | $ | 13,728 | $ | 345,230 | $ | 17,462 | Interest income | $ | 263,262 | $ | 60,414 | ||||||||||||||||||||
PIK interest income | PIK interest income | 12,198 | 891 | 24,369 | 985 | PIK interest income | 15,077 | 4,976 | ||||||||||||||||||||||||||
Dividend income | 13,166 | 203 | 21,829 | 342 | ||||||||||||||||||||||||||||||
PIK dividend income | PIK dividend income | 17,970 | 2,886 | |||||||||||||||||||||||||||||||
Other income | Other income | 5,073 | 804 | 12,857 | 850 | Other income | 3,006 | 1,869 | ||||||||||||||||||||||||||
Total investment income from non-controlled, non-affiliated investments | Total investment income from non-controlled, non-affiliated investments | 205,219 | 15,626 | 404,285 | 19,639 | Total investment income from non-controlled, non-affiliated investments | 299,315 | 70,145 | ||||||||||||||||||||||||||
Investment income from controlled, affiliated investments: | Investment income from controlled, affiliated investments: | |||||||||||||||||||||||||||||||||
Dividend income | Dividend income | 6,097 | — | |||||||||||||||||||||||||||||||
Total investment income from controlled, affiliated investments | Total investment income from controlled, affiliated investments | 6,097 | — | |||||||||||||||||||||||||||||||
Total Investment Income | Total Investment Income | 205,219 | 15,626 | 404,285 | 19,639 | Total Investment Income | 305,412 | 70,145 | ||||||||||||||||||||||||||
Operating Expenses | Operating Expenses | Operating Expenses | ||||||||||||||||||||||||||||||||
Initial organization | — | — | — | 273 | ||||||||||||||||||||||||||||||
Offering costs | Offering costs | 1,090 | 1,524 | 3,440 | 1,524 | Offering costs | 613 | 1,171 | ||||||||||||||||||||||||||
Interest expense | Interest expense | 61,773 | 3,463 | 113,254 | 4,966 | Interest expense | 89,595 | 15,371 | ||||||||||||||||||||||||||
Management fees | Management fees | 12,672 | 836 | 27,570 | 1,102 | Management fees | 16,941 | 5,550 | ||||||||||||||||||||||||||
Performance based incentive fees | Performance based incentive fees | 15,142 | 1,372 | 29,489 | 1,570 | Performance based incentive fees | 23,676 | 4,864 | ||||||||||||||||||||||||||
Professional fees | Professional fees | 2,916 | 558 | 6,250 | 1,221 | Professional fees | 2,768 | 1,281 | ||||||||||||||||||||||||||
Directors' fees | Directors' fees | 296 | 257 | 845 | 788 | Directors' fees | 265 | 282 | ||||||||||||||||||||||||||
Shareholder servicing fees | Shareholder servicing fees | 3,558 | 256 | 8,444 | 306 | Shareholder servicing fees | 4,327 | 1,962 | ||||||||||||||||||||||||||
Other general and administrative | Other general and administrative | 1,755 | 857 | 4,087 | 1,785 | Other general and administrative | 1,557 | 1,135 | ||||||||||||||||||||||||||
Total Operating Expenses | Total Operating Expenses | 99,202 | 9,123 | 193,379 | 13,535 | Total Operating Expenses | 139,742 | 31,616 | ||||||||||||||||||||||||||
Management fees waived (Note 3) | — | — | — | (52) | ||||||||||||||||||||||||||||||
Expense support (Note 3) | Expense support (Note 3) | — | — | (6,775) | (2,578) | Expense support (Note 3) | — | (4,062) | ||||||||||||||||||||||||||
Recoupment of expense support | — | 465 | — | 465 | ||||||||||||||||||||||||||||||
Net Operating Expenses | Net Operating Expenses | 99,202 | 9,588 | 186,604 | 11,370 | Net Operating Expenses | 139,742 | 27,554 | ||||||||||||||||||||||||||
Net Investment Income (Loss) Before Taxes | Net Investment Income (Loss) Before Taxes | 106,017 | 6,038 | 217,681 | 8,269 | Net Investment Income (Loss) Before Taxes | 165,670 | 42,591 | ||||||||||||||||||||||||||
Excise tax | Excise tax | (4) | — | (4) | — | Excise tax | 95 | — | ||||||||||||||||||||||||||
Net Investment Income (Loss) After Taxes | Net Investment Income (Loss) After Taxes | 106,013 | 6,038 | 217,677 | 8,269 | Net Investment Income (Loss) After Taxes | 165,575 | 42,591 | ||||||||||||||||||||||||||
Net Realized and Change in Unrealized Gain (Loss) | Net Realized and Change in Unrealized Gain (Loss) | Net Realized and Change in Unrealized Gain (Loss) | ||||||||||||||||||||||||||||||||
Net change in unrealized gain (loss): | Net change in unrealized gain (loss): | Net change in unrealized gain (loss): | ||||||||||||||||||||||||||||||||
Non-controlled, non-affiliated investments | Non-controlled, non-affiliated investments | 48,819 | 2,211 | (142,695) | 3,023 | Non-controlled, non-affiliated investments | $ | 60,654 | $ | (23,285) | ||||||||||||||||||||||||
Non-controlled, affiliated investments | Non-controlled, affiliated investments | (1) | — | |||||||||||||||||||||||||||||||
Controlled, affiliated investments | Controlled, affiliated investments | 3,251 | — | |||||||||||||||||||||||||||||||
Translation of assets and liabilities in foreign currencies | Translation of assets and liabilities in foreign currencies | (1,779) | (29) | (2,652) | (7) | Translation of assets and liabilities in foreign currencies | 138 | (172) | ||||||||||||||||||||||||||
Income tax (provision) benefit | Income tax (provision) benefit | (7) | — | |||||||||||||||||||||||||||||||
Total Net Change in Unrealized Gain (Loss) | Total Net Change in Unrealized Gain (Loss) | 47,040 | 2,182 | (145,347) | 3,016 | Total Net Change in Unrealized Gain (Loss) | 64,035 | (23,457) | ||||||||||||||||||||||||||
Net realized gain (loss): | Net realized gain (loss): | Net realized gain (loss): | ||||||||||||||||||||||||||||||||
Non-controlled, non-affiliated investments | Non-controlled, non-affiliated investments | (234) | 917 | 125 | 924 | Non-controlled, non-affiliated investments | (4,577) | 250 | ||||||||||||||||||||||||||
Foreign currency transactions | Foreign currency transactions | 52 | (2) | 261 | (2) | Foreign currency transactions | — | 187 | ||||||||||||||||||||||||||
Total Net Realized Gain (Loss) | Total Net Realized Gain (Loss) | (182) | 915 | 386 | 922 | Total Net Realized Gain (Loss) | (4,577) | 437 | ||||||||||||||||||||||||||
Total Net Realized and Change in Unrealized Gain (Loss) | Total Net Realized and Change in Unrealized Gain (Loss) | 46,858 | 3,097 | (144,961) | 3,938 | Total Net Realized and Change in Unrealized Gain (Loss) | 59,458 | (23,020) | ||||||||||||||||||||||||||
Total Net Increase (Decrease) in Net Assets Resulting from Operations | Total Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 152,871 | $ | 9,135 | $ | 72,716 | $ | 12,207 | Total Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 225,033 | $ | 19,571 | ||||||||||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations- Class S Common Stock | Net Increase (Decrease) in Net Assets Resulting from Operations- Class S Common Stock | $ | 51,124 | $ | 1,946 | $ | 20,523 | $ | 2,290 | Net Increase (Decrease) in Net Assets Resulting from Operations- Class S Common Stock | $ | 75,696 | $ | 6,161 | ||||||||||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations- Class D Common Stock | Net Increase (Decrease) in Net Assets Resulting from Operations- Class D Common Stock | $ | 13,457 | $ | 1,057 | $ | 6,459 | $ | 1,490 | Net Increase (Decrease) in Net Assets Resulting from Operations- Class D Common Stock | $ | 18,753 | $ | 1,958 | ||||||||||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations- Class I Common Stock | Net Increase (Decrease) in Net Assets Resulting from Operations- Class I Common Stock | $ | 88,290 | $ | 6,132 | $ | 45,734 | $ | 8,427 | Net Increase (Decrease) in Net Assets Resulting from Operations- Class I Common Stock | $ | 130,584 | $ | 11,452 | ||||||||||||||||||||
Earnings Per Share - Basic and Diluted of Class S Common Stock | Earnings Per Share - Basic and Diluted of Class S Common Stock | $ | 0.30 | $ | 0.17 | $ | 0.15 | $ | 0.52 | Earnings Per Share - Basic and Diluted of Class S Common Stock | $ | 0.36 | $ | 0.07 | ||||||||||||||||||||
Weighted Average Shares of Class S Common Stock Outstanding - Basic and Diluted | Weighted Average Shares of Class S Common Stock Outstanding - Basic and Diluted | 171,779,747 | 11,160,688 | 134,859,276 | 4,363,627 | Weighted Average Shares of Class S Common Stock Outstanding - Basic and Diluted | 209,496,627 | 92,693,920 | ||||||||||||||||||||||||||
Earnings Per Share - Basic and Diluted of Class D Common Stock | Earnings Per Share - Basic and Diluted of Class D Common Stock | $ | 0.31 | $ | 0.19 | $ | 0.18 | $ | 0.56 | Earnings Per Share - Basic and Diluted of Class D Common Stock | $ | 0.36 | $ | 0.08 | ||||||||||||||||||||
Weighted Average Shares of Class D Common Stock Outstanding - Basic and Diluted | Weighted Average Shares of Class D Common Stock Outstanding - Basic and Diluted | 43,183,930 | 5,670,041 | 35,082,254 | 2,654,462 | Weighted Average Shares of Class D Common Stock Outstanding - Basic and Diluted | 51,902,057 | 25,539,563 | ||||||||||||||||||||||||||
Earnings Per Share - Basic and Diluted of Class I Common Stock | Earnings Per Share - Basic and Diluted of Class I Common Stock | $ | 0.31 | $ | 0.19 | $ | 0.22 | $ | 0.55 | Earnings Per Share - Basic and Diluted of Class I Common Stock | $ | 0.36 | $ | 0.08 | ||||||||||||||||||||
Weighted Average Shares of Class I Common Stock Outstanding - Basic and Diluted | Weighted Average Shares of Class I Common Stock Outstanding - Basic and Diluted | 280,852,155 | 31,988,535 | 211,931,540 | 15,343,528 | Weighted Average Shares of Class I Common Stock Outstanding - Basic and Diluted | 361,401,758 | 134,734,682 |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Non-controlled/non-affiliated portfolio company investments | |||||||||||||||||||||||||||||||||||||||||||||||
Debt Investments(5) | |||||||||||||||||||||||||||||||||||||||||||||||
Advertising and media | |||||||||||||||||||||||||||||||||||||||||||||||
Global Music Rights, LLC(7) | First lien senior secured loan | L + 5.50% | 8/28/2028 | 83,742 | 82,281 | 83,322 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||
Global Music Rights, LLC(18)(19) | First lien senior secured revolving loan | L + 5.50% | 8/27/2027 | — | (123) | (38) | — | % | |||||||||||||||||||||||||||||||||||||||
The NPD Group, L.P.(9) | First lien senior secured loan | SR + 6.25% (incl. 2.75% PIK) | 12/1/2028 | 222,463 | 217,921 | 217,836 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||
The NPD Group, L.P.(18)(19) | First lien senior secured revolving loan | SR + 5.75% | 12/1/2027 | — | (276) | (297) | — | % | |||||||||||||||||||||||||||||||||||||||
306,205 | 299,803 | 300,823 | 6.4 | % | |||||||||||||||||||||||||||||||||||||||||||
Aerospace and Defense | |||||||||||||||||||||||||||||||||||||||||||||||
Bleriot US Bidco Inc.(7)(23) | First lien senior secured loan | L + 4.00% | 10/30/2026 | 10,396 | 10,397 | 10,031 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
ManTech International Corporation(9) | First lien senior secured loan | SR + 5.75% | 9/14/2029 | 14,217 | 13,934 | 13,933 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
ManTech International Corporation(18)(19) | First lien senior secured delayed draw term loan | SR + 5.75% | 9/14/2029 | — | (33) | (34) | — | % | |||||||||||||||||||||||||||||||||||||||
ManTech International Corporation(9)(18) | First lien senior secured revolving loan | SR + 5.75% | 9/14/2028 | 282 | 247 | 246 | — | % | |||||||||||||||||||||||||||||||||||||||
Peraton Corp.(6)(23) | First lien senior secured loan | L + 3.75% | 2/1/2028 | 22,375 | 22,294 | 21,167 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Peraton Corp.(6)(23) | Second lien senior secured loan | L + 7.75% | 2/1/2029 | 4,854 | 4,793 | 4,578 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
52,124 | 51,632 | 49,921 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||||
Automotive | |||||||||||||||||||||||||||||||||||||||||||||||
Holley Inc.(7)(23) | First lien senior secured loan | L + 3.75% | 11/17/2028 | 2,354 | 2,340 | 2,135 | — | % | |||||||||||||||||||||||||||||||||||||||
Mavis Tire Express Services Topco Corp.(9)(23) | First lien senior secured loan | SR + 4.00% | 5/4/2028 | 9,875 | 9,834 | 9,239 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
OAC Holdings I Corp. (dba Omega Holdings)(11) | First lien senior secured loan | SR + 5.00% | 3/30/2029 | 9,165 | 8,992 | 8,890 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
OAC Holdings I Corp. (dba Omega Holdings)(10)(18) | First lien senior secured revolving loan | SR + 5.00% | 3/31/2028 | 1,066 | 1,019 | 989 | — | % | |||||||||||||||||||||||||||||||||||||||
PAI Holdco, Inc.(7)(23) | First lien senior secured loan | L + 3.75% | 10/28/2027 | 4,962 | 4,848 | 4,693 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Power Stop, LLC(7)(22) | First lien senior secured loan | L + 4.75% | 1/26/2029 | 29,850 | 29,575 | 28,208 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
57,272 | 56,608 | 54,154 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | |||||||||||||||||||||||||||||||||||||||||||||||
Associations, Inc.(10) | First lien senior secured loan | SR + 6.50% (incl. 2.50% PIK) | 7/2/2027 | 104,013 | 102,961 | 103,753 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||
Associations, Inc.(18)(19) | First lien senior secured revolving loan | SR + 6.50% | 7/2/2027 | — | (38) | (12) | — | % | |||||||||||||||||||||||||||||||||||||||
Associations, Inc.(10)(18)(20) | First lien senior secured delayed draw term loan | SR + 6.50% (incl. 2.50% PIK) | 6/10/2024 | 3,589 | 3,018 | 3,437 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
CoreLogic Inc.(6)(23) | First lien senior secured loan | L + 3.50% | 6/2/2028 | 42,163 | 41,312 | 31,517 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
Dodge Construction Network, LLC(11) | First lien senior secured loan | SR + 4.75% | 2/23/2029 | 22,444 | 22,129 | 20,873 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
RealPage, Inc.(6)(23) | First lien senior secured loan | L + 3.00% | 4/24/2028 | 24,812 | 24,784 | 23,207 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
RealPage, Inc.(6)(23) | Second lien senior secured loan | L + 6.50% | 4/23/2029 | 27,500 | 27,137 | 26,485 | 0.6 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Non-controlled/non-affiliated portfolio company investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Investments(5) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Advertising and media | ||||||||||||||||||||||||||||||||||||||||||||||||||
Global Music Rights, LLC(7) | First lien senior secured loan | L + | 5.50% | 08/2028 | $ | 83,320 | $ | 81,960 | $ | 83,321 | 1.4 | % | ||||||||||||||||||||||||||||||||||||||
Global Music Rights, LLC(7)(17)(18) | First lien senior secured revolving loan | L + | 5.75% | 08/2027 | — | (110) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Circana Group, L.P. (fka The NPD Group, L.P.)(9) | First lien senior secured loan | SR + | 6.25% (2.75% PIK) | 12/2028 | 225,088 | 220,811 | 221,712 | 3.8 | % | |||||||||||||||||||||||||||||||||||||||||
Circana Group, L.P. (fka The NPD Group, L.P.)(9)(17) | First lien senior secured revolving loan | SR + | 5.75% | 12/2027 | 1,997 | 1,748 | 1,783 | — | % | |||||||||||||||||||||||||||||||||||||||||
310,405 | 304,409 | 306,816 | 5.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Aerospace and defense | ||||||||||||||||||||||||||||||||||||||||||||||||||
Bleriot US Bidco Inc.(7)(22) | First lien senior secured loan | L + | 4.00% | 10/2026 | $ | 5,083 | $ | 5,084 | $ | 5,082 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||
ManTech International Corporation(10) | First lien senior secured loan | SR + | 5.75% | 09/2029 | 14,146 | 13,879 | 13,969 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
ManTech International Corporation(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 09/2024 | — | (31) | (8) | — | % | |||||||||||||||||||||||||||||||||||||||||
ManTech International Corporation(10)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 09/2028 | — | (33) | (23) | — | % | |||||||||||||||||||||||||||||||||||||||||
Peraton Corp.(6)(22) | First lien senior secured loan | L + | 3.75% | 02/2028 | 14,708 | 14,685 | 14,493 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Peraton Corp.(7)(22) | Second lien senior secured loan | L + | 7.75% | 02/2029 | 4,854 | 4,796 | 4,708 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
38,791 | 38,380 | 38,221 | 0.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Automotive | ||||||||||||||||||||||||||||||||||||||||||||||||||
Holley Inc.(7)(22) | First lien senior secured loan | L + | 3.75% | 11/2028 | $ | 2,341 | $ | 2,329 | $ | 1,916 | — | % | ||||||||||||||||||||||||||||||||||||||
Mavis Tire Express Services Topco Corp.(9)(22) | First lien senior secured loan | SR + | 4.00% | 05/2028 | 9,825 | 9,787 | 9,615 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
OAC Holdings I Corp. (dba Omega Holdings)(11) | First lien senior secured loan | SR + | 5.00% | 03/2029 | 9,119 | 8,957 | 8,891 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
OAC Holdings I Corp. (dba Omega Holdings)(10)(17) | First lien senior secured revolving loan | SR + | 5.00% | 03/2028 | 2,095 | 2,052 | 2,030 | — | % | |||||||||||||||||||||||||||||||||||||||||
Power Stop, LLC(6)(21) | First lien senior secured loan | L + | 4.75% | 01/2029 | 29,700 | 29,443 | 23,834 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC(10) | First lien senior secured loan | SR + | 6.50% | 07/2028 | 54,166 | 53,181 | 53,491 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC(10)(17) | First lien senior secured revolving loan | SR + | 6.50% | 07/2028 | 292 | 266 | 274 | — | % | |||||||||||||||||||||||||||||||||||||||||
107,538 | 106,015 | 100,051 | 1.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Asset based lending and fund finance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Hg Genesis 9 Sumoco Ltd.(13)(23) | Unsecured facility | E+ | 7.00% PIK | 03/2027 | $ | 129,195 | $ | 130,287 | $ | 129,194 | 2.2 | % | ||||||||||||||||||||||||||||||||||||||
Hg Saturn LuchaCo Ltd.(14)(23) | Unsecured facility | S + | 7.50% PIK | 03/2026 | 2,054 | 2,248 | 2,034 | — | % | |||||||||||||||||||||||||||||||||||||||||
131,249 | 132,535 | 131,228 | 2.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||
Associations, Inc.(10) | First lien senior secured loan | SR + | 6.50% (2.50% PIK) | 07/2027 | $ | 105,335 | $ | 104,375 | $ | 105,335 | 1.8 | % | ||||||||||||||||||||||||||||||||||||||
Associations, Inc.(10)(17)(18) | First lien senior secured revolving loan | SR + | 4.00% | 07/2027 | — | (34) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Associations, Inc.(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.50% (2.50% PIK) | 06/2024 | 16,191 | 15,680 | 16,191 | 0.3 | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Wrench Group LLC(7) | First lien senior secured loan | L + 4.00% | 4/30/2026 | 20,359 | 20,034 | 20,308 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
244,880 | 241,337 | 229,568 | 4.9 | % | |||||||||||||||||||||||||||||||||||||||||||
Business services | |||||||||||||||||||||||||||||||||||||||||||||||
Access CIG, LLC(7) | Second lien senior secured loan | L + 7.75% | 2/27/2026 | 2,385 | 2,380 | 2,355 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
BrightView Landscapes, LLC(9)(22)(23) | First lien senior secured loan | SR + 3.25% | 4/20/2029 | 19,950 | 19,506 | 19,128 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Brown Group Holdings, LLC(9)(22)(23) | First lien senior secured loan | SR + 3.75% | 7/2/2029 | 2,031 | 1,982 | 1,965 | — | % | |||||||||||||||||||||||||||||||||||||||
ConnectWise, LLC(7)(23) | First lien senior secured loan | L + 3.50% | 9/29/2028 | 40,652 | 40,730 | 37,907 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC(9) | First lien senior secured loan | SR + 6.75% | 9/28/2029 | 97,393 | 95,447 | 95,444 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC(18)(19) | First lien senior secured delayed draw term loan | SR + 6.75% | 9/28/2029 | — | (71) | (71) | — | % | |||||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC(18)(19) | First lien senior secured revolving loan | SR + 6.75% | 9/28/2029 | — | (284) | (284) | — | % | |||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(7) | First lien senior secured loan | L + 5.75% | 9/15/2028 | 131,831 | 130,009 | 130,183 | 2.8 | % | |||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(7) | First lien senior secured loan | L + 5.75% | 9/15/2028 | 35,293 | 34,535 | 34,852 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(7)(18)(20) | First lien senior secured delayed draw term loan | L + 5.75% | 9/15/2023 | 19,807 | 19,450 | 19,526 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(18)(19) | First lien senior secured revolving loan | L + 5.75% | 9/15/2027 | — | (106) | (125) | — | % | |||||||||||||||||||||||||||||||||||||||
Diamondback Acquisition, Inc. (dba Sphera)(6) | First lien senior secured loan | L + 5.50% | 9/13/2028 | 47,468 | 46,634 | 46,993 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
Diamondback Acquisition, Inc. (dba Sphera)(18)(19)(20) | First lien senior secured delayed draw term loan | L + 5.50% | 9/13/2023 | — | (81) | — | — | % | |||||||||||||||||||||||||||||||||||||||
Entertainment Benefits Group, LLC(9) | First lien senior secured loan | SR + 4.75% | 5/1/2028 | 75,212 | 74,504 | 75,023 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||
Entertainment Benefits Group, LLC(18)(19) | First lien senior secured revolving loan | SR + 4.75% | 4/29/2027 | — | (106) | (29) | — | % | |||||||||||||||||||||||||||||||||||||||
Fullsteam Operations, LLC(7)(18)(20) | First lien senior secured delayed draw term loan | L + 7.50% | 5/13/2024 | 25,319 | 24,091 | 24,602 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(8) | First lien senior secured loan | L + 6.50% | 12/15/2026 | 810 | 801 | 808 | — | % | |||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(8) | First lien senior secured loan | L + 5.50% | 12/15/2026 | 2,198 | 2,180 | 2,155 | — | % | |||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(8)(18)(20) | First lien senior secured delayed draw term loan | L + 5.50% | 9/10/2023 | 9,181 | 9,100 | 8,888 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(8)(18) | First lien senior secured revolving loan | L + 6.50% | 12/15/2026 | 10 | 9 | 10 | — | % | |||||||||||||||||||||||||||||||||||||||
Hercules Buyer, LLC (dba The Vincit Group)(17)(29) | Unsecured notes | 0.48% PIK | 12/14/2029 | 23 | 23 | 23 | — | % | |||||||||||||||||||||||||||||||||||||||
Kaseya Inc.(11) | First lien senior secured loan | SR + 5.75% | 6/25/2029 | 71,717 | 70,325 | 70,820 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||
Kaseya Inc.(18)(19)(20) | First lien senior secured delayed draw term loan | SR + 5.75% | 6/24/2024 | — | (42) | (11) | — | % | |||||||||||||||||||||||||||||||||||||||
Kaseya Inc.(18)(19) | First lien senior secured revolving loan | SR + 5.75% | 6/25/2029 | — | (83) | (54) | — | % | |||||||||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky)(6) | First lien senior secured loan | L + 5.50% | 10/19/2028 | 84,441 | 82,939 | 82,119 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
CoreLogic Inc.(6)(22) | First lien senior secured loan | L + | 3.50% | 06/2028 | 41,950 | 41,161 | 35,674 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Cushman & Wakefield U.S. Borrower, LLC(6)(22) | First lien senior secured loan | L + | 2.75% | 08/2025 | 10,000 | 9,900 | 9,733 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Dodge Construction Network, LLC(11) | First lien senior secured loan | SR + | 4.75% | 02/2029 | 17,071 | 16,847 | 14,340 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
RealPage, Inc.(6)(22) | First lien senior secured loan | L + | 3.00% | 04/2028 | 14,167 | 14,152 | 13,718 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
RealPage, Inc.(6)(22) | Second lien senior secured loan | L + | 6.50% | 04/2029 | 27,500 | 27,157 | 25,886 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Wrench Group LLC(7) | First lien senior secured loan | L + | 4.50% | 04/2026 | 17,000 | 16,667 | 16,575 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Wrench Group LLC(7) | First lien senior secured loan | L + | 4.00% | 04/2026 | 10,518 | 10,392 | 10,202 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
259,732 | 256,297 | 247,654 | 4.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Business services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Access CIG, LLC(7) | Second lien senior secured loan | L + | 7.75% | 02/2026 | $ | 2,385 | $ | 2,381 | $ | 2,379 | — | % | ||||||||||||||||||||||||||||||||||||||
BrightView Landscapes, LLC(10)(22) | First lien senior secured loan | SR + | 3.25% | 04/2029 | 9,330 | 9,017 | 9,089 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Capstone Acquisition Holdings, Inc.(9) | First lien senior secured loan | SR + | 4.75% | 11/2027 | 9,975 | 9,900 | 9,949 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
ConnectWise, LLC(6)(22) | First lien senior secured loan | L + | 3.50% | 09/2028 | 29,927 | 29,987 | 28,835 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC(9) | First lien senior secured loan | SR + | 6.75% | 10/2029 | 97,150 | 95,305 | 95,935 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.75% | 09/2024 | — | (66) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 6.75% | 10/2029 | — | (255) | (177) | — | % | |||||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(7) | First lien senior secured loan | L + | 5.75% | 09/2028 | 199,255 | 196,446 | 198,258 | 3.4 | % | |||||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(7)(17)(18) | First lien senior secured revolving loan | L + | 5.75% | 09/2027 | — | (96) | (50) | — | % | |||||||||||||||||||||||||||||||||||||||||
Diamondback Acquisition, Inc. (dba Sphera)(6) | First lien senior secured loan | L + | 5.50% | 09/2028 | 47,228 | 46,453 | 46,756 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
Diamondback Acquisition, Inc. (dba Sphera)(6)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 5.50% | 09/2023 | — | (74) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Entertainment Benefits Group, LLC(9) | First lien senior secured loan | SR + | 4.75% | 05/2028 | 74,835 | 74,184 | 74,835 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Entertainment Benefits Group, LLC(9)(17) | First lien senior secured revolving loan | SR + | 4.75% | 04/2027 | 3,867 | 3,772 | 3,867 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Fullsteam Operations, LLC(7) | First lien senior secured loan | L + | 12.30% (7.80% PIK) | 10/2027 | 82,009 | 80,243 | 81,189 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(7) | First lien senior secured loan | L + | 6.50% | 12/2026 | 806 | 798 | 806 | — | % | |||||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(7) | First lien senior secured loan | L + | 5.50% | 12/2026 | 2,187 | 2,171 | 2,160 | — | % | |||||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(7)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.50% | 09/2023 | 13,066 | 12,956 | 12,885 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(7)(17) | First lien senior secured revolving loan | L + | 6.50% | 12/2026 | 10 | 9 | 10 | — | % | |||||||||||||||||||||||||||||||||||||||||
Hercules Buyer, LLC (dba The Vincit Group)(16)(28) | Unsecured notes | 0.48% PIK | 12/2029 | 24 | 24 | 24 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Kaseya Inc.(10) | First lien senior secured loan | SR + | 5.75% | 06/2029 | 71,717 | 70,401 | 71,538 | 1.2 | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky)(16)(18)(20) | First lien senior secured delayed draw term loan | P + 4.50% | 6/17/2024 | 2,369 | 2,165 | 2,013 | — | % | |||||||||||||||||||||||||||||||||||||||
Packers Holdings, LLC(6)(23) | First lien senior secured loan | L + 3.25% | 3/9/2028 | 40,294 | 39,971 | 36,893 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||
Vistage Worldwide, Inc.(10)(22) | First lien senior secured loan | SR + 5.25% | 7/1/2029 | 5,000 | 4,866 | 4,863 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
713,384 | 700,874 | 695,996 | 14.7 | % | |||||||||||||||||||||||||||||||||||||||||||
Chemicals | |||||||||||||||||||||||||||||||||||||||||||||||
Aruba Investments Holdings LLC (dba Angus Chemical Company)(6)(23) | First lien senior secured loan | L + 4.00% | 11/24/2027 | 12,935 | 12,720 | 11,884 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(6) | Second lien senior secured loan | L + 7.75% | 11/24/2028 | 40,137 | 40,125 | 39,033 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C.(7) | First lien senior secured loan | L + 6.50% | 3/30/2027 | 103,571 | 102,682 | 103,313 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C.(18)(19) | First lien senior secured revolving loan | L + 6.00% | 3/30/2026 | — | (32) | (10) | — | % | |||||||||||||||||||||||||||||||||||||||
Velocity HoldCo III Inc. (dba VelocityEHS)(7) | First lien senior secured loan | L + 5.75% | 4/22/2027 | 2,329 | 2,287 | 2,329 | — | % | |||||||||||||||||||||||||||||||||||||||
Velocity HoldCo III Inc. (dba VelocityEHS)(18)(19) | First lien senior secured revolving loan | L + 5.75% | 4/22/2026 | — | (2) | — | — | % | |||||||||||||||||||||||||||||||||||||||
158,972 | 157,780 | 156,549 | 3.3 | % | |||||||||||||||||||||||||||||||||||||||||||
Consumer products | |||||||||||||||||||||||||||||||||||||||||||||||
ConAir Holdings LLC(7) | Second lien senior secured loan | L + 7.50% | 5/17/2029 | 32,500 | 32,040 | 29,575 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Foundation Consumer Brands, LLC(7) | First lien senior secured loan | L + 5.50% | 2/12/2027 | 50,754 | 50,766 | 50,499 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(7) | First lien senior secured loan | L + 6.00% | 11/1/2027 | 75,897 | 75,068 | 73,620 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(18)(19)(20) | First lien senior secured delayed draw term loan | L + 6.00% | 11/1/2023 | — | (101) | (287) | — | % | |||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(7)(18) | First lien senior secured revolving loan | L + 6.00% | 11/2/2026 | 10,132 | 10,015 | 9,788 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Olaplex, Inc.(10)(24) | First lien senior secured loan | SR + 3.75% | 2/23/2029 | 45,760 | 45,593 | 45,188 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen)(11) | First lien senior secured loan | SR + 5.25% | 3/12/2029 | 59,824 | 58,728 | 58,328 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen)(11)(18) | First lien senior secured revolving loan | SR + 5.25% | 3/12/2029 | 5,010 | 4,907 | 4,870 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen)(11)(18) | First lien senior secured revolving loan | SR + 5.25% | 3/12/2029 | 569 | 559 | 534 | — | % | |||||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen)(18)(19)(20) | First lien senior secured delayed draw term loan | SR + 5.25% | 3/11/2024 | — | (128) | (209) | — | % | |||||||||||||||||||||||||||||||||||||||
280,446 | 277,447 | 271,906 | 5.8 | % | |||||||||||||||||||||||||||||||||||||||||||
Containers and packaging | |||||||||||||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging)(7) | First lien senior secured loan | L + 5.75% | 10/2/2028 | 49,829 | 49,390 | 49,205 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging)(6)(18) | First lien senior secured revolving loan | L + 5.75% | 9/30/2027 | 681 | 638 | 617 | — | % | |||||||||||||||||||||||||||||||||||||||
Berlin Packaging L.L.C.(6)(22)(23) | First lien senior secured loan | L + 3.75% | 3/11/2028 | 25,621 | 24,939 | 24,147 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
BW Holding, Inc.(10) | First lien senior secured loan | SR + 4.00% | 12/14/2028 | 21,898 | 21,654 | 21,515 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Charter NEX US, Inc.(7)(22)(23) | First lien senior secured loan | L + 3.75% | 12/1/2027 | 28,292 | 27,931 | 26,790 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Five Star Lower Holding LLC(10) | First lien senior secured loan | SR + 4.25% | 5/5/2029 | 21,875 | 21,584 | 20,891 | 0.4 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Kaseya Inc.(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 06/2024 | — | (39) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Kaseya Inc.(10)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 06/2029 | — | (77) | (11) | — | % | |||||||||||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky)(9) | First lien senior secured loan | SR + | 5.50% | 10/2028 | 84,037 | 82,639 | 82,566 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky)(7)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.50% | 06/2024 | 4,489 | 4,281 | 4,302 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Packers Holdings, LLC(9)(22) | First lien senior secured loan | SR + | 3.25% | 03/2028 | 33,918 | 33,781 | 30,591 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Ping Identity Holding Corp.(9) | First lien senior secured loan | SR + | 7.00% | 10/2029 | 21,818 | 21,506 | 21,600 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Ping Identity Holding Corp.(9)(17)(18) | First lien senior secured revolving loan | SR + | 7.00% | 10/2028 | — | (30) | (22) | — | % | |||||||||||||||||||||||||||||||||||||||||
788,033 | 775,617 | 777,314 | 13.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Chemicals | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aruba Investments Holdings LLC (dba Angus Chemical Company)(6)(22) | First lien senior secured loan | L + | 3.75% | 11/2027 | $ | 13,867 | $ | 13,640 | $ | 13,497 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||
Aruba Investments Holdings LLC (dba Angus Chemical Company)(6) | Second lien senior secured loan | L + | 7.75% | 11/2028 | 40,137 | 40,125 | 39,535 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
Douglas Products and Packaging Company LLC(10) | First lien senior secured loan | SR + | 7.00% | 06/2025 | 24,371 | 24,154 | 24,188 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Douglas Products and Packaging Company LLC(17)(18) | First lien senior secured revolving loan | SR + | 7.00% | 06/2025 | — | (28) | (24) | — | % | |||||||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C.(7) | First lien senior secured loan | L + | 6.50% | 03/2027 | 102,258 | 101,458 | 102,258 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C.(7)(17)(18) | First lien senior secured revolving loan | L + | 6.00% | 03/2026 | — | (27) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Nouryon Finance B.V.(10)(23) | First lien senior secured loan | SR + | 4.00% | 03/2028 | 3,000 | 2,993 | 2,993 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Nouryon Finance B.V.(10)(22)(23) | First lien senior secured loan | SR + | 2.75% | 10/2025 | 4,983 | 4,965 | 4,937 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Velocity HoldCo III Inc. (dba VelocityEHS)(8) | First lien senior secured loan | L + | 5.75% | 04/2027 | 2,317 | 2,279 | 2,317 | — | % | |||||||||||||||||||||||||||||||||||||||||
Velocity HoldCo III Inc. (dba VelocityEHS)(6)(17) | First lien senior secured revolving loan | L + | 5.75% | 04/2026 | 28 | 26 | 28 | — | % | |||||||||||||||||||||||||||||||||||||||||
190,961 | 189,585 | 189,729 | 3.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Consumer products | ||||||||||||||||||||||||||||||||||||||||||||||||||
ConAir Holdings LLC(7) | Second lien senior secured loan | L + | 7.50% | 05/2029 | $ | 32,500 | $ | 32,065 | $ | 29,900 | 0.5 | % | ||||||||||||||||||||||||||||||||||||||
Foundation Consumer Brands, LLC(7) | First lien senior secured loan | L + | 5.50% | 02/2027 | 48,302 | 48,314 | 48,302 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(7) | First lien senior secured loan | L + | 6.00% | 11/2027 | 75,515 | 74,755 | 74,382 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(11) | First lien senior secured delayed draw term loan | SR + | 6.00% | 11/2027 | 9,559 | 9,467 | 9,415 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(7)(17) | First lien senior secured revolving loan | L + | 6.00% | 10/2026 | 6,118 | 6,015 | 5,946 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Olaplex, Inc.(9)(22)(23) | First lien senior secured loan | SR + | 3.50% | 02/2029 | 49,559 | 48,803 | 44,068 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen)(11) | First lien senior secured loan | SR + | 5.25% | 03/2029 | 59,524 | 58,497 | 57,441 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen)(11)(17) | First lien senior secured revolving loan | SR + | 5.25% | 03/2029 | 3,208 | 3,113 | 3,013 | 0.1 | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC(7) | First lien senior secured loan | L + 5.50% | 10/13/2028 | 61,403 | 60,309 | 59,714 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC(7)(18)(20) | First lien senior secured delayed draw term loan | L + 5.50% | 10/13/2023 | 4,149 | 4,045 | 3,996 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC(8)(18) | First lien senior secured revolving loan | L + 5.50% | 10/15/2027 | 450 | 336 | 264 | — | % | |||||||||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10) | First lien senior secured loan | SR + 5.75% | 5/23/2028 | 82,344 | 81,563 | 82,138 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group)(18)(20) | First lien senior secured delayed draw term loan | SR + 5.75% | 5/23/2024 | — | — | — | — | % | |||||||||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)(18) | First lien senior secured revolving loan | SR + 5.75% | 5/23/2028 | 2,117 | 1,997 | 2,085 | — | % | |||||||||||||||||||||||||||||||||||||||
Pregis Topco LLC(7) | Second lien senior secured loan | L + 6.75% | 8/1/2029 | 30,000 | 30,000 | 29,550 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Pregis Topco LLC(7) | Second lien senior secured loan | L + 8.00% | 8/1/2029 | 2,500 | 2,500 | 2,488 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Ring Container Technologies Group, LLC(6)(23) | First lien senior secured loan | L + 3.75% | 8/12/2028 | 26,078 | 25,994 | 25,079 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Tricorbraun Holdings, Inc.(6)(22)(23) | First lien senior secured loan | L + 3.25% | 3/3/2028 | 26,499 | 25,568 | 24,838 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Valcour Packaging, LLC(6) | First lien senior secured loan | L + 3.75% | 10/4/2028 | 9,950 | 9,913 | 9,925 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
393,686 | 388,361 | 383,242 | 8.0 | % | |||||||||||||||||||||||||||||||||||||||||||
Distribution | |||||||||||||||||||||||||||||||||||||||||||||||
ABB/Con-cise Optical Group LLC(7) | First lien senior secured loan | L + 7.50% | 2/23/2028 | 35,294 | 34,808 | 35,205 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
ABB/Con-cise Optical Group LLC(7)(18) | First lien senior secured revolving loan | L + 7.50% | 2/23/2028 | 3,436 | 3,386 | 3,427 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(9) | First lien senior secured loan | SR + 4.63% | 6/11/2026 | 41,690 | 40,318 | 40,648 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||
Dealer Tire, LLC(6)(23) | First lien senior secured loan | L + 4.25% | 12/12/2025 | 9,008 | 8,980 | 8,749 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Dealer Tire, LLC(17)(22)(23) | Unsecured notes | 8.00% | 2/1/2028 | 56,120 | 54,883 | 49,526 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(8) | First lien senior secured loan | L + 6.25% | 11/21/2025 | 46,006 | 45,634 | 45,775 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(8) | First lien senior secured loan | L + 6.25% | 11/21/2025 | 18,252 | 18,106 | 18,161 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(8)(18)(20) | First lien senior secured delayed draw term loan | L + 6.25% | 11/30/2023 | 13,615 | 13,284 | 13,432 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(18)(19) | First lien senior secured revolving loan | L + 6.25% | 11/22/2024 | — | (1) | — | — | % | |||||||||||||||||||||||||||||||||||||||
SRS Distribution, Inc.(7)(23) | First lien senior secured loan | L + 3.50% | 6/2/2028 | 34,799 | 34,442 | 32,024 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
White Cap Supply Holdings, LLC(9)(22)(23) | First lien senior secured loan | SR + 3.75% | 10/19/2027 | 22,243 | 21,616 | 20,770 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
280,463 | 275,456 | 267,717 | 5.7 | % | |||||||||||||||||||||||||||||||||||||||||||
Education | |||||||||||||||||||||||||||||||||||||||||||||||
CIG Emerald Holding LLC(10)(24) | First lien senior secured loan | SR + 5.50% | 6/8/2027 | 79,000 | 78,073 | 78,605 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC(9) | First lien senior secured loan | SR + 5.75% | 2/24/2028 | 31,716 | 31,140 | 30,923 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC(18)(19)(20) | First lien senior secured delayed draw term loan | SR + 5.75% | 2/24/2024 | — | (34) | (56) | — | % | |||||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC(18)(19) | First lien senior secured revolving loan | SR + 5.75% | 2/24/2028 | — | (34) | (47) | — | % | |||||||||||||||||||||||||||||||||||||||
Severin Acquisition, LLC (dba Powerschool)(9)(23) | First lien senior secured loan | SR + 3.00% | 8/1/2025 | 19,807 | 19,770 | 19,195 | 0.4 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen)(11)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.25% | 03/2024 | — | (118) | (349) | — | % | |||||||||||||||||||||||||||||||||||||||||
284,285 | 280,911 | 272,118 | 4.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Containers and packaging | ||||||||||||||||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging)(10) | First lien senior secured loan | SR + | 6.40% | 10/2028 | $ | 49,578 | $ | 49,167 | $ | 49,578 | 0.8 | % | ||||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging)(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.25% | 09/2027 | — | (38) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging)(10) | First lien senior secured loan | SR + | 6.40% | 09/2028 | 30,617 | 30,040 | 30,617 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging)(10) | First lien senior secured loan | SR + | 6.75% | 09/2028 | 8,978 | 8,803 | 8,933 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Berlin Packaging L.L.C.(6)(22) | First lien senior secured loan | L + | 3.75% | 03/2028 | 14,971 | 14,606 | 14,717 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
BW Holding, Inc.(10) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 14,040 | 13,878 | 13,338 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Charter NEX US, Inc.(9)(22) | First lien senior secured loan | SR + | 3.75% | 12/2027 | 34,868 | 34,408 | 34,376 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Five Star Lower Holding LLC(11)(22) | First lien senior secured loan | SR + | 4.25% | 05/2029 | 21,766 | 21,494 | 21,439 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC(6) | First lien senior secured loan | L + | 5.50% | 10/2028 | 67,472 | 66,333 | 65,954 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC(6)(17) | First lien senior secured revolving loan | L + | 5.50% | 10/2027 | 900 | 797 | 748 | — | % | |||||||||||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10) | First lien senior secured loan | SR + | 6.25% | 05/2028 | 113,602 | 112,571 | 113,602 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)(17) | First lien senior secured revolving loan | SR + | 6.25% | 05/2028 | 2,117 | 2,008 | 2,117 | — | % | |||||||||||||||||||||||||||||||||||||||||
Pregis Topco LLC(9)(22) | First lien senior secured loan | SR + | 3.75% | 07/2026 | 6,969 | 6,792 | 6,784 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Pregis Topco LLC(6) | Second lien senior secured loan | L + | 6.75% | 08/2029 | 30,000 | 30,000 | 29,700 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Pregis Topco LLC(6) | Second lien senior secured loan | L + | 7.75% | 08/2029 | 2,500 | 2,500 | 2,494 | — | % | |||||||||||||||||||||||||||||||||||||||||
Ring Container Technologies Group, LLC(6)(22) | First lien senior secured loan | L + | 3.50% | 08/2028 | 16,209 | 16,163 | 16,109 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Tricorbraun Holdings, Inc.(6)(22) | First lien senior secured loan | L + | 3.25% | 03/2028 | 17,508 | 17,104 | 17,067 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
432,095 | 426,626 | 427,573 | 7.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Distribution | ||||||||||||||||||||||||||||||||||||||||||||||||||
ABB/Con-cise Optical Group LLC(8) | First lien senior secured loan | L + | 7.50% | 02/2028 | $ | 35,117 | $ | 34,665 | $ | 34,327 | 0.6 | % | ||||||||||||||||||||||||||||||||||||||
ABB/Con-cise Optical Group LLC(8)(17) | First lien senior secured revolving loan | L + | 7.50% | 02/2028 | 3,510 | 3,465 | 3,510 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(9)(22) | First lien senior secured loan | SR + | 4.63% | 06/2026 | 31,743 | 30,821 | 31,302 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Dealer Tire, LLC(9)(22) | First lien senior secured loan | SR + | 4.50% | 12/2027 | 5,036 | 5,042 | 4,995 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Dealer Tire, LLC(16)(21)(22) | Unsecured notes | 8.00% | 02/2028 | 56,120 | 54,974 | 50,435 | 0.9 | % | ||||||||||||||||||||||||||||||||||||||||||
Formerra, LLC(10) | First lien senior secured loan | SR + | 7.25% | 11/2028 | 5,250 | 5,088 | 5,119 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Formerra, LLC(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 7.25% | 11/2023 | — | (3) | (2) | — | % | |||||||||||||||||||||||||||||||||||||||||
Formerra, LLC(10)(17) | First lien senior secured revolving loan | SR + | 7.25% | 11/2028 | 205 | 189 | 192 | — | % | |||||||||||||||||||||||||||||||||||||||||
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10) | First lien senior secured loan | SR + | 6.25% | 11/2025 | 1,288 | 1,277 | 1,288 | — | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Sophia, L.P.(9) | First lien senior secured loan | SR + 4.00% | 10/7/2027 | 24,938 | 24,705 | 24,875 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Pluralsight, LLC(6) | First lien senior secured loan | L + 8.00% | 4/6/2027 | 6,255 | 6,192 | 6,223 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Pluralsight, LLC(18)(19) | First lien senior secured revolving loan | L + 8.00% | 4/6/2027 | — | (4) | (2) | — | % | |||||||||||||||||||||||||||||||||||||||
161,716 | 159,808 | 159,716 | 3.4 | % | |||||||||||||||||||||||||||||||||||||||||||
Energy equipment and services | |||||||||||||||||||||||||||||||||||||||||||||||
AZZ Inc.(10)(22)(24) | First lien senior secured loan | SR + 4.25% | 5/13/2029 | 8,360 | 8,079 | 8,213 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Brookfield WEC Holdings Inc.(9)(22)(23) | First lien senior secured loan | SR + 3.75% | 8/1/2025 | 3,500 | 3,373 | 3,407 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Pike Corp.(6)(22)(23) | First lien senior secured loan | L + 3.00% | 1/21/2028 | 15,791 | 15,488 | 15,299 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
27,651 | 26,940 | 26,919 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||||
Financial services | |||||||||||||||||||||||||||||||||||||||||||||||
Acuris Finance US, Inc. (ION Analytics) (10)(22)(23) | First lien senior secured loan | SR + 4.00% | 2/16/2028 | 15,000 | 14,895 | 14,340 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
AllSpring Buyer(10)(22)(23) | First lien senior secured loan | SR + 3.75% | 11/1/2028 | 5,000 | 4,808 | 4,903 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
AxiomSL Group, Inc.(6) | First lien senior secured loan | L + 6.00% | 12/3/2027 | 34,919 | 34,620 | 34,308 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
AxiomSL Group, Inc.(18)(19)(20) | First lien senior secured delayed draw term loan | L + 6.00% | 7/21/2023 | — | (9) | (16) | — | % | |||||||||||||||||||||||||||||||||||||||
AxiomSL Group, Inc.(18)(19) | First lien senior secured revolving loan | L + 6.50% | 12/3/2025 | — | (19) | (45) | — | % | |||||||||||||||||||||||||||||||||||||||
Corporation Service Company(22) | First lien senior secured loan | SR + 3.25% | 8/31/2029 | 3,000 | 2,910 | 2,910 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Deerfield Dakota Holding, LLC(9)(22)(23) | First lien senior secured loan | SR + 3.75% | 4/9/2027 | 5,925 | 5,921 | 5,580 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Hg Genesis 9 Sumoco Limited(14)(24) | Unsecured facility | E + 7.00% PIK | 3/10/2027 | 111,694 | 125,001 | 111,694 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||
Hg Saturn LuchaCo Limited(15)(24) | Unsecured facility | SA + 7.50% PIK | 3/30/2026 | 1,892 | 2,305 | 1,869 | — | % | |||||||||||||||||||||||||||||||||||||||
Muine Gall, LLC(8)(24)(28) | First lien senior secured loan | L + 7.00% PIK | 9/20/2024 | 90,061 | 90,498 | 88,710 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6) | First lien senior secured loan | L + 5.75% | 9/8/2025 | 8,495 | 8,429 | 8,367 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(18)(20) | First lien senior secured delayed draw term loan | L + 5.75% | 10/2/2023 | 1,668 | 1,641 | 1,632 | — | % | |||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(18)(19)(20) | First lien senior secured revolving loan | L + 5.00% | 9/6/2025 | — | (6) | (8) | — | % | |||||||||||||||||||||||||||||||||||||||
Smarsh Inc.(10) | First lien senior secured loan | SR + 6.50% | 2/16/2029 | 83,048 | 82,274 | 81,802 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||
Smarsh Inc.(18)(19)(20) | First lien senior secured delayed draw term loan | SR + 6.50% | 2/19/2024 | — | (95) | (104) | — | % | |||||||||||||||||||||||||||||||||||||||
Smarsh Inc.(18)(19) | First lien senior secured revolving loan | SR + 6.50% | 2/16/2029 | — | (47) | (78) | — | % | |||||||||||||||||||||||||||||||||||||||
360,702 | 373,126 | 355,864 | 7.5 | % | |||||||||||||||||||||||||||||||||||||||||||
Food and beverage | |||||||||||||||||||||||||||||||||||||||||||||||
Balrog Acquisition, Inc. (dba Bakemark)(7) | First lien senior secured loan | L + 4.00% | 9/5/2028 | 13,895 | 13,769 | 13,304 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Balrog Acquisition, Inc. (dba BakeMark)(7) | Second lien senior secured loan | L + 7.00% | 9/3/2029 | 6,000 | 5,955 | 5,880 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
CFS Brands, LLC(8) | First lien senior secured loan | L + 3.00% | 3/20/2025 | 38,463 | 37,355 | 36,348 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||
CFS Brands, LLC(18)(19)(20) | First lien senior secured delayed draw term loan | L + 3.00% | 12/2/2022 | — | — | (227) | — | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10) | First lien senior secured loan | SR + | 6.25% | 11/2025 | 62,645 | 62,221 | 62,645 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10) | First lien senior secured loan | SR + | 6.75% | 11/2025 | 1,947 | 1,929 | 1,947 | — | % | |||||||||||||||||||||||||||||||||||||||||
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.25% | 11/2023 | 22,116 | 21,838 | 22,116 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.75% | 12/2023 | — | (73) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.25% | 11/2024 | — | (1) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
SRS Distribution, Inc.(6)(22) | First lien senior secured loan | L + | 3.50% | 06/2028 | 24,077 | 23,847 | 23,198 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
White Cap Supply Holdings, LLC(9)(22) | First lien senior secured loan | SR + | 3.75% | 10/2027 | 16,584 | 16,123 | 16,372 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
265,638 | 261,402 | 257,444 | 4.4 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Education | ||||||||||||||||||||||||||||||||||||||||||||||||||
CIG Emerald Holding LLC(10)(23) | First lien senior secured loan | SR + | 5.50% | 06/2027 | $ | 77,000 | $ | 76,174 | $ | 77,000 | 1.3 | % | ||||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC(9) | First lien senior secured loan | SR + | 5.75% | 02/2028 | 31,556 | 31,025 | 31,241 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 02/2024 | — | (31) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 02/2028 | — | (31) | (19) | — | % | |||||||||||||||||||||||||||||||||||||||||
Severin Acquisition, LLC (dba Powerschool)(10)(22) | First lien senior secured loan | SR + | 3.00% | 08/2025 | 14,819 | 14,807 | 14,790 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Sophia, L.P.(9) | First lien senior secured loan | SR + | 4.25% | 10/2027 | 15,075 | 14,946 | 15,075 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Pluralsight, LLC(7) | First lien senior secured loan | L + | 8.00% | 04/2027 | 6,255 | 6,207 | 6,161 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Pluralsight, LLC(7)(17) | First lien senior secured revolving loan | L + | 8.00% | 04/2027 | 196 | 193 | 190 | — | % | |||||||||||||||||||||||||||||||||||||||||
Renaissance Learning, Inc.(9) | First lien senior secured loan | SR + | 4.75% | 05/2025 | 20,000 | 19,412 | 19,422 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
164,901 | 162,702 | 163,860 | 2.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Energy equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Pike Corp.(6)(22) | First lien senior secured loan | L + | 3.00% | 01/2028 | $ | 5,991 | $ | 5,976 | $ | 5,939 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||
5,991 | 5,976 | 5,939 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Financial services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Acuris Finance US, Inc. (ION Analytics) (10)(22) | First lien senior secured loan | SR + | 4.00% | 02/2028 | $ | 10,500 | $ | 10,432 | $ | 10,110 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||
Adenza Group, Inc.(6) | First lien senior secured loan | L + | 5.75% | 12/2027 | 34,743 | 34,467 | 34,395 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Adenza Group, Inc.(6)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 6.00% | 07/2023 | — | (8) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Adenza Group, Inc.(6)(17)(18) | First lien senior secured revolving loan | L + | 6.50% | 12/2025 | — | (16) | (26) | — | % | |||||||||||||||||||||||||||||||||||||||||
BTRS Holdings Inc. (dba Billtrust)(10) | First lien senior secured loan | SR + | 8.00% | 12/2028 | 10,850 | 10,536 | 10,633 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
BTRS Holdings Inc. (dba Billtrust)(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 8.00% | 12/2024 | 109 | 109 | 90 | — | % | |||||||||||||||||||||||||||||||||||||||||
BTRS Holdings Inc. (dba Billtrust)(9)(17) | First lien senior secured revolving loan | SR + | 7.25% | 12/2028 | 159 | 126 | 136 | — | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Dessert Holdings(7) | First lien senior secured loan | L + 4.00% | 6/9/2028 | 19,850 | 19,759 | 18,361 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Eagle Parent Corp.(10)(23) | First lien senior secured loan | SR + 4.25% | 4/2/2029 | 7,463 | 7,286 | 7,245 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Hissho Sushi Merger Sub LLC(10) | First lien senior secured loan | SR + 6.00% | 5/18/2028 | 113,402 | 112,324 | 113,119 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||
Hissho Sushi Merger Sub LLC(10)(18) | First lien senior secured revolving loan | SR + 6.00% | 5/18/2028 | 583 | 501 | 561 | — | % | |||||||||||||||||||||||||||||||||||||||
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(9) | First lien senior secured loan | SR + 6.25% | 3/11/2027 | 275,000 | 270,243 | 267,439 | 5.6 | % | |||||||||||||||||||||||||||||||||||||||
KBP Brands, LLC(7) | First lien senior secured loan | L + 5.50% | 5/26/2027 | 14,689 | 14,520 | 14,285 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
KBP Brands, LLC(6)(18)(20) | First lien senior secured delayed draw term loan | L + 5.50% | 12/22/2023 | 33,280 | 32,866 | 32,271 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
Naked Juice LLC (dba Tropicana)(10)(23) | First lien senior secured loan | SR + 3.25% | 1/24/2029 | 24,938 | 24,900 | 22,808 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Ole Smoky Distillery, LLC(11) | First lien senior secured loan | SR + 5.25% | 3/31/2028 | 24,972 | 24,507 | 24,348 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Ole Smoky Distillery, LLC(18)(19) | First lien senior secured revolving loan | SR + 5.25% | 3/31/2028 | — | (61) | (83) | — | % | |||||||||||||||||||||||||||||||||||||||
Pegasus BidCo B.V.(10)(22)(23)(24) | First lien senior secured loan | SR + 4.25% | 7/12/2029 | 10,000 | 9,902 | 9,533 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Shearer's Foods, LLC(6)(23) | First lien senior secured loan | L + 3.50% | 9/23/2027 | 48,498 | 48,486 | 44,914 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
Sovos Brands Intermediate, Inc.(6)(23) | First lien senior secured loan | L + 3.50% | 6/8/2028 | 10,145 | 10,136 | 9,638 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Ultimate Baked Goods Midco, LLC(7) | First lien senior secured loan | L + 6.50% | 8/13/2027 | 16,376 | 16,031 | 15,721 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Ultimate Baked Goods Midco, LLC(7)(18) | First lien senior secured revolving loan | L + 6.50% | 8/13/2027 | 1,400 | 1,359 | 1,320 | — | % | |||||||||||||||||||||||||||||||||||||||
658,954 | 649,838 | 636,785 | 13.5 | % | |||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | |||||||||||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(13)(24) | First lien senior secured loan | C + 4.50% | 4/14/2028 | 3,221 | 3,487 | 3,148 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(13)(18)(20)(24) | First lien senior secured delayed draw term loan | C + 4.50% | 4/15/2023 | 234 | 250 | 220 | — | % | |||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(12)(18)(24) | First lien senior secured revolving loan | C + 4.50% | 4/15/2027 | 236 | 257 | 228 | — | % | |||||||||||||||||||||||||||||||||||||||
Confluent Medical Technologies, Inc.(10) | First lien senior secured loan | SR + 3.75% | 2/16/2029 | 34,825 | 34,663 | 34,303 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
Confluent Medical Technologies, Inc.(10) | Second lien senior secured loan | SR + 6.50% | 2/18/2030 | 46,000 | 45,133 | 45,310 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(9)(22) | First lien senior secured loan | SR + 4.25% | 4/2/2029 | 23,111 | 22,675 | 22,822 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(9)(18)(20)(22) | First lien senior secured delayed draw term loan | SR + 4.25% | 4/1/2024 | 1,833 | 1,820 | 1,810 | — | % | |||||||||||||||||||||||||||||||||||||||
CSC MKG Topco LLC. (dba Medical Knowledge Group)(6) | First lien senior secured loan | L + 5.75% | 2/1/2029 | 97,957 | 96,146 | 95,508 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||
CSC MKG Topco LLC. (dba Medical Knowledge Group)(10) | First lien senior secured loan | SR + 5.75% | 2/1/2029 | 3,092 | 2,994 | 3,015 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(6)(23) | First lien senior secured loan | L + 3.25% | 10/23/2028 | 31,218 | 30,803 | 28,652 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(18)(19) | First lien senior secured revolving loan | L + 3.25% | 10/21/2026 | — | (37) | (202) | — | % | |||||||||||||||||||||||||||||||||||||||
MJH Healthcare Holdings, LLC(9)(22) | First lien senior secured loan | SR + 3.50% | 1/28/2029 | 23,741 | 23,658 | 23,325 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Natus Medical Inc.(11)(22) | First lien senior secured loan | SR + 5.50% | 7/20/2029 | 5,000 | 4,657 | 4,650 | 0.1 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Computer Services, Inc. (dba CSI)(10) | First lien senior secured loan | SR + | 6.75% | 11/2029 | 30,500 | 29,913 | 30,119 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Deerfield Dakota Holdings(9)(22) | First lien senior secured loan | SR + | 3.75% | 04/2027 | 7,979 | 7,733 | 7,714 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Muine Gall, LLC(8)(23)(27) | First lien senior secured loan | L + | 7.00% PIK | 09/2024 | 94,583 | 95,230 | 94,346 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6) | First lien senior secured loan | L + | 5.75% | 09/2025 | 5,657 | 5,620 | 5,614 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6) | First lien senior secured loan | L + | 5.75% | 09/2025 | 2,138 | 2,128 | 2,122 | — | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6) | First lien senior secured loan | L + | 5.75% | 09/2025 | 150 | 149 | 149 | — | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6) | First lien senior secured loan | L + | 5.75% | 09/2025 | 507 | 503 | 503 | — | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.75% | 10/2023 | 1,994 | 1,970 | 1,979 | — | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(17)(18) | First lien senior secured revolving loan | L + | 5.00% | 09/2025 | — | (5) | (4) | — | % | |||||||||||||||||||||||||||||||||||||||||
Smarsh Inc.(11) | First lien senior secured loan | SR + | 6.50% | 02/2029 | 83,048 | 82,318 | 82,632 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Smarsh Inc.(11)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.50% | 02/2024 | 10,381 | 10,195 | 10,329 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Smarsh Inc.(10)(17) | First lien senior secured revolving loan | SR + | 6.50% | 02/2029 | 166 | 159 | 162 | — | % | |||||||||||||||||||||||||||||||||||||||||
293,464 | 291,559 | 291,003 | 4.9 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Food and beverage | ||||||||||||||||||||||||||||||||||||||||||||||||||
Balrog Acquisition, Inc. (dba Bakemark)(7) | First lien senior secured loan | L + | 4.00% | 09/2028 | $ | 13,825 | $ | 13,708 | $ | 13,583 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||
Balrog Acquisition, Inc. (dba BakeMark)(7) | Second lien senior secured loan | L + | 7.00% | 09/2029 | 6,000 | 5,957 | 5,940 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
CFS Brands, LLC(7) | First lien senior secured loan | L + | 3.00% | 03/2025 | 44,183 | 43,116 | 41,753 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
Dessert Holdings(7)(22) | First lien senior secured loan | L + | 4.00% | 06/2028 | 19,749 | 19,666 | 18,071 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Hissho Sushi Merger Sub LLC(10) | First lien senior secured loan | SR + | 5.75% | 05/2028 | 112,834 | 111,835 | 112,834 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Hissho Sushi Merger Sub LLC(10)(17) | First lien senior secured revolving loan | SR + | 5.75% | 05/2028 | 583 | 508 | 583 | — | % | |||||||||||||||||||||||||||||||||||||||||
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(9) | First lien senior secured loan | SR + | 6.25% | 03/2027 | 275,000 | 270,733 | 270,189 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
KBP Brands, LLC(10) | First lien senior secured loan | SR + | 6.50% (1.00% PIK) | 05/2027 | 14,672 | 14,519 | 14,415 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
KBP Brands, LLC(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.50% (1.00% PIK) | 12/2023 | 33,447 | 33,104 | 32,848 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Naked Juice LLC (dba Tropicana)(10)(22) | First lien senior secured loan | SR + | 3.25% | 01/2029 | 14,266 | 14,242 | 12,510 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Ole Smoky Distillery, LLC(9) | First lien senior secured loan | SR + | 5.25% | 03/2028 | 24,847 | 24,418 | 24,474 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Ole Smoky Distillery, LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.25% | 03/2028 | — | (55) | (50) | — | % | |||||||||||||||||||||||||||||||||||||||||
Pegasus BidCo B.V.(10)(22)(23) | First lien senior secured loan | SR + | 4.25% | 07/2029 | 10,474 | 10,376 | 10,290 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Shearer's Foods, LLC(6)(22) | First lien senior secured loan | L + | 3.50% | 09/2027 | 39,466 | 39,465 | 38,479 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
Sovos Brands Intermediate, Inc.(7)(22) | First lien senior secured loan | L + | 3.50% | 06/2028 | 10,145 | 10,137 | 10,043 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Ultimate Baked Goods Midco, LLC(9) | First lien senior secured loan | SR + | 6.50% | 08/2027 | 16,294 | 15,978 | 15,968 | 0.3 | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Packaging Coordinators Midco, Inc.(7) | Second lien senior secured loan | L + 7.00% | 12/13/2029 | 53,918 | 52,360 | 51,222 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(24) | First lien senior secured loan | SR + 6.75% | 1/31/2028 | 51,030 | 50,339 | 50,265 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(18)(19)(24) | First lien senior secured revolving loan | SR + 6.75% | 1/29/2026 | — | (1) | (1) | — | % | |||||||||||||||||||||||||||||||||||||||
Rhea Parent, Inc.(10) | First lien senior secured loan | SR + 5.75% | 2/19/2029 | 77,573 | 76,131 | 75,634 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||
452,989 | 445,335 | 439,909 | 9.4 | % | |||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | |||||||||||||||||||||||||||||||||||||||||||||||
Covetrus, Inc.(10) | First lien senior secured loan | SR + 5.00% | 9/20/2029 | 25,000 | 23,501 | 23,501 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Ex Vivo Parent Inc. (dba OB Hospitalist)(7) | First lien senior secured loan | L + 9.50% | 9/27/2028 | 30,503 | 29,956 | 29,969 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Natural Partners, LLC(8)(24) | First lien senior secured loan | L + 6.00% | 11/29/2027 | 68,852 | 67,598 | 67,303 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||
Natural Partners, LLC(18)(19)(24) | First lien senior secured revolving loan | L + 6.00% | 11/29/2027 | — | (92) | (114) | — | % | |||||||||||||||||||||||||||||||||||||||
OB Hospitalist Group, Inc.(7) | First lien senior secured loan | L + 5.50% | 9/27/2027 | 61,193 | 60,143 | 60,582 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||
OB Hospitalist Group, Inc.(7)(18) | First lien senior secured revolving loan | L + 5.50% | 9/27/2027 | 1,599 | 1,466 | 1,519 | — | % | |||||||||||||||||||||||||||||||||||||||
Pacific BidCo Inc.(10)(24) | First lien senior secured loan | SR + 5.75% | 8/13/2029 | 161,148 | 157,188 | 157,119 | 3.3 | % | |||||||||||||||||||||||||||||||||||||||
Pacific BidCo Inc.(18)(19)(24) | First lien senior secured delayed draw term loan | SR + 5.75% | 8/13/2029 | — | (219) | (224) | — | % | |||||||||||||||||||||||||||||||||||||||
Phoenix Newco, Inc. (dba Parexel)(6)(23) | First lien senior secured loan | L + 3.25% | 11/15/2028 | 27,363 | 27,240 | 26,063 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Phoenix Newco, Inc. (dba Parexel)(6) | Second lien senior secured loan | L + 6.50% | 11/15/2029 | 140,000 | 138,666 | 136,500 | 2.9 | % | |||||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup)(10) | First lien senior secured loan | SR + 5.75% | 5/14/2029 | 110,132 | 108,024 | 108,755 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup)(18)(19)(20) | First lien senior secured delayed draw term loan | SR + 5.75% | 5/13/2024 | — | (270) | (71) | — | % | |||||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup)(18)(19) | First lien senior secured revolving loan | SR + 5.75% | 5/12/2028 | — | (229) | (153) | — | % | |||||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC(8)(22) | First lien senior secured loan | L + 3.25% | 12/29/2028 | 23,330 | 23,247 | 22,864 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC(8)(18)(20)(22) | First lien senior secured delayed draw term loan | L + 3.25% | 2/11/2024 | 1,767 | 1,763 | 1,705 | — | % | |||||||||||||||||||||||||||||||||||||||
Physician Partners, LLC(9)(23) | First lien senior secured loan | SR + 4.00% | 12/26/2028 | 22,885 | 22,631 | 21,455 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Premise Health Holding(11)(22) | First lien senior secured loan | SR + 4.75% | 7/10/2025 | 3,242 | 3,183 | 3,201 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC(11) | First lien senior secured loan | SR + 5.75% | 8/31/2029 | 129,025 | 126,513 | 126,445 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC(18)(19) | First lien senior secured revolving loan | SR + 5.75% | 8/31/2029 | — | (234) | (237) | — | % | |||||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC(10)(18) | First lien senior secured delayed draw term loan | SR + 5.75% | 8/31/2029 | 2,803 | 2,390 | 2,431 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
TC Holdings, LLC (dba TrialCard)(10) | First lien senior secured loan | SR + 5.00% | 4/14/2027 | 64,570 | 63,976 | 64,409 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||
TC Holdings, LLC (dba TrialCard)(18)(19) | First lien senior secured revolving loan | SR + 5.00% | 4/14/2027 | — | (70) | (19) | — | % | |||||||||||||||||||||||||||||||||||||||
Tivity Health, Inc(10) | First lien senior secured loan | SR + 6.00% | 6/28/2029 | 152,000 | 148,324 | 149,720 | 3.2 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Ultimate Baked Goods Midco, LLC(9)(17) | First lien senior secured revolving loan | SR + | 6.50% | 08/2027 | 250 | 214 | 210 | — | % | |||||||||||||||||||||||||||||||||||||||||
636,035 | 627,921 | 622,140 | 10.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(12)(23) | First lien senior secured loan | C + | 4.50% | 04/2028 | $ | 3,636 | $ | 3,884 | $ | 3,563 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(17)(18)(19)(23) | First lien senior secured delayed draw term loan | C + | 4.50% | 04/2023 | — | (6) | (6) | — | % | |||||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(12)(17)(23) | First lien senior secured revolving loan | C + | 4.50% | 04/2027 | 146 | 155 | 139 | — | % | |||||||||||||||||||||||||||||||||||||||||
Confluent Medical Technologies, Inc.(10) | First lien senior secured loan | SR + | 3.75% | 02/2029 | 24,912 | 24,804 | 24,103 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Confluent Medical Technologies, Inc.(10) | Second lien senior secured loan | SR + | 6.50% | 02/2030 | 46,000 | 45,173 | 44,505 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc.(10)(22) | First lien senior secured loan | SR + | 4.25% | 03/2029 | 13,071 | 12,838 | 12,776 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc.(10)(17)(19)(22) | First lien senior secured delayed draw term loan | SR + | 4.25% | 04/2024 | 2,408 | 2,343 | 2,353 | — | % | |||||||||||||||||||||||||||||||||||||||||
CSC MKG Topco LLC. (dba Medical Knowledge Group)(9) | First lien senior secured loan | SR + | 5.75% | 02/2029 | 97,466 | 95,770 | 96,004 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
CSC MKG Topco LLC. (dba Medical Knowledge Group)(10) | First lien senior secured loan | SR + | 5.75% | 02/2029 | 3,077 | 2,984 | 3,031 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(6)(22) | First lien senior secured loan | L + | 3.25% | 10/2028 | 24,750 | 24,650 | 24,104 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(6)(17)(18) | First lien senior secured revolving loan | L + | 3.25% | 10/2026 | — | (32) | (86) | — | % | |||||||||||||||||||||||||||||||||||||||||
Natus Medical Inc.(10) | First lien senior secured loan | SR + | 5.50% | 07/2029 | 499 | 466 | 471 | — | % | |||||||||||||||||||||||||||||||||||||||||
Packaging Coordinators Midco, Inc.(7)(22) | First lien senior secured loan | L + | 3.50% | 11/2027 | 4,750 | 4,668 | 4,633 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Packaging Coordinators Midco, Inc.(7) | Second lien senior secured loan | L + | 7.00% | 12/2029 | 53,918 | 52,433 | 51,357 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(23) | First lien senior secured loan | SR + | 6.75% | 01/2028 | 50,774 | 50,136 | 50,012 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(17)(18)(23) | First lien senior secured revolving loan | SR + | 6.75% | 01/2026 | — | (1) | (1) | — | % | |||||||||||||||||||||||||||||||||||||||||
PERKINELMER U.S. LLC(10) | First lien senior secured loan | SR + | 6.75% | 03/2029 | 78,094 | 76,544 | 76,533 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Rhea Parent, Inc.(10) | First lien senior secured loan | SR + | 5.75% | 02/2029 | 77,185 | 75,832 | 76,027 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Zest Acquisition Corp.(9)(22) | First lien senior secured loan | SR + | 5.50% | 02/2028 | 11,844 | 11,294 | 11,377 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
492,530 | 483,935 | 480,895 | 8.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Covetrus, Inc.(10)(22) | First lien senior secured loan | SR + | 5.00% | 10/2029 | $ | 10,490 | $ | 9,942 | $ | 9,874 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||
Covetrus Inc.(10) | Second lien senior secured loan | SR + | 9.25% | 10/2030 | 160,000 | 156,845 | 157,200 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||||
Ex Vivo Parent Inc. (dba OB Hospitalist)(7) | First lien senior secured loan | L + | 9.50% | 09/2028 | 31,607 | 31,091 | 30,896 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Engage Debtco Ltd.(9)(23) | First lien senior secured loan | SR + | 5.85% | 07/2029 | 60,833 | 59,430 | 59,921 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Engage Debtco Ltd.(9)(23) | First lien senior secured loan | SR + | 7.25% | 07/2029 | 30,367 | 29,482 | 30,215 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Engage Debtco Ltd.(9)(23) | First lien senior secured delayed draw term loan | SR + | 5.85% | 07/2029 | 19,750 | 19,303 | 19,454 | 0.3 | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP(9) | First lien senior secured loan | SR + 5.50% | 6/18/2029 | 78,836 | 78,264 | 78,836 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP(18)(19)(20) | First lien senior secured delayed draw term loan | SR + 5.50% | 6/17/2024 | — | (36) | — | — | % | |||||||||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP(18)(19) | First lien senior secured revolving loan | SR + 5.50% | 6/18/2029 | — | (58) | — | — | % | |||||||||||||||||||||||||||||||||||||||
Quva Pharma, Inc. (7) | First lien senior secured loan | L + 5.50% | 4/12/2028 | 4,500 | 4,388 | 4,388 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Quva Pharma, Inc. (8)(18) | First lien senior secured revolving loan | L + 5.50% | 4/10/2026 | 200 | 190 | 189 | — | % | |||||||||||||||||||||||||||||||||||||||
Diagnostic Services Holdings, Inc. (dba Rayus Radiology)(6) | First lien senior secured loan | L + 5.50% | 3/17/2025 | 120,215 | 120,215 | 119,613 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||
Vermont Aus Pty Ltd.(10)(24) | First lien senior secured loan | SR + 5.65% | 3/22/2028 | 54,228 | 52,973 | 52,736 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
1,283,391 | 1,260,631 | 1,258,485 | 26.9 | % | |||||||||||||||||||||||||||||||||||||||||||
Healthcare technology | |||||||||||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(9)(23) | First lien senior secured loan | SR + 3.50% | 2/15/2029 | 34,117 | 33,959 | 30,501 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(18)(19)(20)(23) | First lien senior secured delayed draw term loan | SR + 3.50% | 8/15/2023 | — | (3) | (586) | — | % | |||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(7) | First lien senior secured loan | L + 5.75% | 8/23/2028 | 53,903 | 53,154 | 52,690 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(18)(19)(20) | First lien senior secured delayed draw term loan | L + 5.75% | 8/23/2023 | — | (198) | (349) | — | % | |||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(18)(19) | First lien senior secured revolving loan | L + 5.75% | 8/21/2026 | — | (58) | (105) | — | % | |||||||||||||||||||||||||||||||||||||||
Engage Debtco Limited(9)(24) | First lien senior secured loan | SR + 5.75% | 7/13/2029 | 80,583 | 78,616 | 78,569 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc.(10) | First lien senior secured loan | SR + 6.00% | 5/11/2029 | 20,846 | 20,447 | 20,585 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc.(18)(19)(20) | First lien senior secured delayed draw term loan | SR + 6.00% | 5/13/2024 | — | (47) | (12) | — | % | |||||||||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc.(10)(18) | First lien senior secured revolving loan | SR + 6.00% | 5/11/2028 | 298 | 251 | 267 | — | % | |||||||||||||||||||||||||||||||||||||||
Interoperability Bidco, Inc. (dba Lyniate)(10) | First lien senior secured loan | SR + 7.00% | 12/24/2026 | 76,139 | 75,697 | 75,378 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||
Interoperability Bidco, Inc. (dba Lyniate)(18)(19) | First lien senior secured revolving loan | SR + 7.00% | 12/26/2024 | — | (17) | (35) | — | % | |||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(10) | First lien senior secured loan | SR + 6.00% | 10/30/2028 | 20,869 | 20,497 | 20,348 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(18)(19)(20) | First lien senior secured delayed draw term loan | SR + 6.00% | 10/29/2023 | — | (91) | (150) | — | % | |||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(18) | First lien senior secured revolving loan | SR + 6.00% | 10/29/2027 | 167 | 139 | 125 | — | % | |||||||||||||||||||||||||||||||||||||||
Imprivata, Inc.(9)(23) | First lien senior secured loan | SR + 4.25% | 12/1/2027 | 20,369 | 19,783 | 19,650 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Imprivata, Inc.(9) | Second lien senior secured loan | SR + 6.25% | 12/1/2028 | 50,294 | 49,791 | 49,413 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
Inovalon Holdings, Inc.(7) | First lien senior secured loan | L + 6.25% (incl. 2.75% PIK) | 11/24/2028 | 80,936 | 79,156 | 78,508 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||
Inovalon Holdings, Inc.(18)(19)(20) | First lien senior secured delayed draw term loan | L + 3.50% | 5/24/2024 | — | (93) | (148) | — | % | |||||||||||||||||||||||||||||||||||||||
Inovalon Holdings, Inc.(7) | Second lien senior secured loan | L + 10.50% PIK | 11/24/2033 | 41,190 | 40,461 | 40,366 | 0.9 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
HAH Group Holding Company LLC (dba Help at Home)(17)(19) | First lien senior secured delayed draw term loan | SR + | 5.00% | 05/2023 | — | 4 | — | — | % | |||||||||||||||||||||||||||||||||||||||||
MJH Healthcare Holdings, LLC(9)(22) | First lien senior secured loan | SR + | 3.50% | 01/2029 | 19,800 | 19,732 | 19,281 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Natural Partners, LLC(10)(23) | First lien senior secured loan | SR + | 6.00% | 11/2027 | 68,506 | 67,354 | 67,650 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Natural Partners, LLC(10)(17)(18)(23) | First lien senior secured revolving loan | SR + | 6.00% | 11/2027 | — | (83) | (63) | — | % | |||||||||||||||||||||||||||||||||||||||||
OB Hospitalist Group, Inc.(10) | First lien senior secured loan | SR + | 5.50% | 09/2027 | 60,884 | 59,924 | 60,123 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
OB Hospitalist Group, Inc.(10)(17) | First lien senior secured revolving loan | SR + | 5.50% | 09/2027 | 3,091 | 2,971 | 2,991 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Pacific BidCo Inc.(10)(23) | First lien senior secured loan | SR + | 5.75% | 08/2029 | 161,148 | 157,393 | 158,731 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||||
Pacific BidCo Inc.(10)(17)(18)(19)(23) | First lien senior secured delayed draw term loan | SR + | 5.75% | 08/2025 | — | (203) | (45) | — | % | |||||||||||||||||||||||||||||||||||||||||
Phoenix Newco, Inc. (dba Parexel)(6)(22) | First lien senior secured loan | L + | 3.25% | 11/2028 | 19,800 | 19,718 | 19,549 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Phoenix Newco, Inc. (dba Parexel)(6) | Second lien senior secured loan | L + | 6.50% | 11/2029 | 140,000 | 138,732 | 138,600 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
Physician Partners, LLC(10)(22) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 12,845 | 12,734 | 12,048 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup)(10) | First lien senior secured loan | SR + | 5.75% | 05/2029 | 109,581 | 107,601 | 107,938 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup)(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 05/2024 | — | (249) | (143) | — | % | |||||||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup)(10)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 05/2028 | — | (209) | (184) | — | % | |||||||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC(6)(22) | First lien senior secured loan | L + | 3.25% | 12/2028 | 19,800 | 19,727 | 19,311 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC(6)(17)(19)(22) | First lien senior secured delayed draw term loan | L + | 3.25% | 02/2024 | 2,999 | 2,988 | 2,914 | — | % | |||||||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC(9) | First lien senior secured loan | SR + | 5.75% | 08/2029 | 156,681 | 153,867 | 154,723 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 08/2029 | — | (217) | (148) | — | % | |||||||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 09/2024 | — | (145) | (17) | — | % | |||||||||||||||||||||||||||||||||||||||||
TC Holdings, LLC (dba TrialCard)(11) | First lien senior secured loan | SR + | 5.00% | 04/2027 | 64,247 | 63,710 | 64,247 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
TC Holdings, LLC (dba TrialCard)(11)(17)(18) | First lien senior secured revolving loan | SR + | 5.00% | 04/2027 | — | (63) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Tivity Health, Inc.(10) | First lien senior secured loan | SR + | 6.00% | 06/2029 | 151,240 | 147,778 | 150,106 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP(9) | First lien senior secured loan | SR + | 5.25% | 06/2029 | 82,149 | 81,587 | 82,149 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.25% | 06/2024 | — | (9) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.50% | 06/2029 | — | (54) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Quva Pharma, Inc. (7) | First lien senior secured loan | L + | 5.50% | 04/2028 | 4,477 | 4,374 | 4,410 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Quva Pharma, Inc. (7)(17) | First lien senior secured revolving loan | L + | 5.50% | 04/2026 | 300 | 292 | 293 | — | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Intelerad Medical Systems Inc.(10)(24) | First lien senior secured loan | SR + 6.50% | 8/21/2026 | 30,157 | 29,837 | 30,006 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Intelerad Medical Systems Inc.(10)(18)(24) | First lien senior secured revolving loan | SR + 6.50% | 8/21/2026 | 744 | 744 | 738 | — | % | |||||||||||||||||||||||||||||||||||||||
PointClickCare Technologies Inc.(10)(24) | First lien senior secured loan | SR + 4.00% | 12/29/2027 | 19,900 | 19,625 | 19,552 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Verscend Holding Corp.(6)(22)(23) | First lien senior secured loan | L + 4.00% | 8/27/2025 | 9,969 | 9,722 | 9,645 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Project Ruby Ultimate Parent Corp. (dba Wellsky)(6)(23) | First lien senior secured loan | L + 3.25% | 3/10/2028 | 4,433 | 4,415 | 4,126 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
544,914 | 535,787 | 529,082 | 11.2 | % | |||||||||||||||||||||||||||||||||||||||||||
Household products | |||||||||||||||||||||||||||||||||||||||||||||||
Aptive Environmental, LLC(17) | First lien senior secured loan | 12.00% (incl. 6.00% PIK) | 1/23/2026 | 8,431 | 6,962 | 7,188 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber)(9) | First lien senior secured loan | SR + 5.75% | 4/26/2029 | 76,093 | 74,644 | 75,141 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber)(9)(18)(20) | First lien senior secured delayed draw term loan | SR + 5.75% | 4/25/2024 | 11,789 | 11,295 | 11,571 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber)(18)(19) | First lien senior secured revolving loan | SR + 5.75% | 4/26/2028 | — | (149) | (100) | — | % | |||||||||||||||||||||||||||||||||||||||
LTP Holdco, LLC (dba Len the Plumber)(9) | Unsecured facility | SR + 10.75% PIK | 4/26/2032 | 22,905 | 22,269 | 22,504 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Simplisafe Holding Corporation(9) | First lien senior secured loan | SR + 6.25% | 4/30/2027 | 128,074 | 125,660 | 126,473 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||
Simplisafe Holding Corporation(18)(19)(20) | First lien senior secured delayed draw term loan | SR + 6.25% | 5/2/2024 | — | (149) | (40) | — | % | |||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(7) | First lien senior secured loan | L + 4.50% | 10/1/2027 | 1,082 | 1,068 | 1,058 | — | % | |||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(7)(18)(20) | First lien senior secured delayed draw term loan | L + 4.50% | 10/1/2023 | 327 | 313 | 302 | — | % | |||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(7)(18) | First lien senior secured revolving loan | L + 4.50% | 10/1/2027 | 79 | 75 | 73 | — | % | |||||||||||||||||||||||||||||||||||||||
Walker Edison Furniture Company LLC(7)(33) | First lien senior secured loan | L + 8.75% (incl. 3.00% PIK) | 3/31/2027 | 10,147 | 9,867 | 7,002 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
258,927 | 251,855 | 251,172 | 5.3 | % | |||||||||||||||||||||||||||||||||||||||||||
Human resource support services | |||||||||||||||||||||||||||||||||||||||||||||||
Cornerstone OnDemand, Inc.(6)(22) | First lien senior secured loan | L + 3.75% | 10/16/2028 | 19,900 | 19,812 | 18,855 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Cornerstone OnDemand, Inc.(6) | Second lien senior secured loan | L + 6.50% | 10/15/2029 | 44,583 | 43,975 | 42,689 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||
IG Investments Holdings, LLC (dba Insight Global)(7) | First lien senior secured loan | L + 6.00% | 9/22/2028 | 48,153 | 47,324 | 47,311 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
IG Investments Holdings, LLC (dba Insight Global)(18)(19) | First lien senior secured revolving loan | L + 6.00% | 9/22/2027 | — | (60) | (63) | — | % | |||||||||||||||||||||||||||||||||||||||
112,636 | 111,051 | 108,792 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||||
Infrastructure and environmental services | |||||||||||||||||||||||||||||||||||||||||||||||
Aegion Corp.(6)(22) | First lien senior secured loan | L + 4.75% | 5/17/2028 | 4,950 | 4,930 | 4,554 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
The Goldfield Corp.(9) | First lien senior secured loan | SR + 6.25% | 12/30/2026 | 998 | 979 | 985 | — | % | |||||||||||||||||||||||||||||||||||||||
Osmose Utilities Services, Inc.(6)(22)(23) | First lien senior secured loan | L + 3.25% | 6/23/2028 | 24,623 | 24,566 | 22,530 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6)(22)(23) | First lien senior secured loan | L + 3.50% | 5/12/2028 | 7,935 | 7,900 | 7,416 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6)(22)(23) | Second lien senior secured loan | L + 6.50% | 5/14/2029 | 39,691 | 39,475 | 36,250 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(11) | First lien senior secured loan | SR + 5.50% | 3/13/2028 | 32,528 | 31,927 | 31,796 | 0.7 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Diagnostic Services Holdings, Inc. (dba Rayus Radiology)(6) | First lien senior secured loan | L + | 5.50% | 03/2025 | 120,063 | 120,063 | 118,863 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
Vermont Aus Pty Ltd.(10)(23) | First lien senior secured loan | SR + | 5.50% | 03/2028 | 53,955 | 52,796 | 53,011 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
1,564,613 | 1,538,206 | 1,543,898 | 26.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare technology | ||||||||||||||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(9)(22) | First lien senior secured loan | SR + | 3.50% | 02/2029 | $ | 29,560 | $ | 29,163 | $ | 27,639 | 0.5 | % | ||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(9)(17)(18)(19)(22) | First lien senior secured delayed draw term loan | SR + | 3.50% | 08/2023 | — | (41) | (218) | — | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(7) | First lien senior secured loan | L + | 5.75% | 08/2028 | 53,631 | 52,935 | 52,559 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(7)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 5.75% | 08/2023 | — | (181) | (272) | — | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(17) | First lien senior secured revolving loan | L + | 5.75% | 08/2026 | 1,034 | 984 | 941 | — | % | |||||||||||||||||||||||||||||||||||||||||
Color Intermediate, LLC (dba ClaimsXten)(10) | First lien senior secured loan | SR + | 5.50% | 10/2029 | 9,234 | 9,059 | 9,119 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc.(11) | First lien senior secured loan | SR + | 6.00% | 05/2029 | 20,742 | 20,367 | 20,586 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc.(11)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.00% | 05/2024 | — | (43) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc.(11)(17) | First lien senior secured revolving loan | SR + | 6.00% | 05/2028 | 968 | 926 | 949 | — | % | |||||||||||||||||||||||||||||||||||||||||
Interoperability Bidco, Inc. (dba Lyniate)(10) | First lien senior secured loan | SR + | 7.00% | 12/2026 | 75,756 | 75,362 | 75,188 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Interoperability Bidco, Inc. (dba Lyniate)(10)(17) | First lien senior secured revolving loan | SR + | 7.00% | 12/2024 | 1,805 | 1,755 | 1,760 | — | % | |||||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(10) | First lien senior secured loan | SR + | 6.00% | 10/2028 | 20,764 | 20,417 | 20,349 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.00% | 03/2024 | 2,388 | 2,282 | 2,264 | — | % | |||||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(17) | First lien senior secured revolving loan | SR + | 6.00% | 10/2027 | 167 | 142 | 134 | — | % | |||||||||||||||||||||||||||||||||||||||||
Imprivata, Inc.(9)(22) | First lien senior secured loan | SR + | 4.25% | 12/2027 | 10,529 | 10,238 | 10,319 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Imprivata, Inc.(9) | Second lien senior secured loan | SR + | 6.25% | 12/2028 | 50,294 | 49,791 | 49,413 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
Ocala Bidco, Inc.(7) | First lien senior secured loan | L + | 6.25% (2.75% PIK) | 11/2028 | 82,078 | 80,413 | 80,436 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Ocala Bidco, Inc.(7)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 3.50% | 05/2024 | — | (85) | (64) | — | % | |||||||||||||||||||||||||||||||||||||||||
Ocala Bidco, Inc.(7) | Second lien senior secured loan | L + | 10.50% PIK | 11/2033 | 44,302 | 43,586 | 43,748 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
Intelerad Medical Systems Inc.(10)(23) | First lien senior secured loan | SR + | 6.50% | 08/2026 | 30,005 | 29,721 | 29,630 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Intelerad Medical Systems Inc.(10)(23) | First lien senior secured revolving loan | SR + | 6.50% | 08/2026 | 1,145 | 1,145 | 1,131 | — | % | |||||||||||||||||||||||||||||||||||||||||
PointClickCare Technologies Inc.(10)(23) | First lien senior secured loan | SR + | 4.00% | 12/2027 | 19,800 | 19,548 | 19,553 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Project Ruby Ultimate Parent Corp. (dba Wellsky)(6)(22) | First lien senior secured loan | L + | 3.25% | 03/2028 | 14,359 | 13,905 | 13,791 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Zelis Cost Management Buyer, Inc.(6)(22) | First lien senior secured loan | L + | 3.50% | 09/2026 | 4,887 | 4,854 | 4,860 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
473,448 | 466,243 | 463,815 | 7.8 | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(18)(19) | First lien senior secured revolving loan | SR + 5.50% | 3/13/2028 | — | (97) | (120) | — | % | |||||||||||||||||||||||||||||||||||||||
110,725 | 109,680 | 103,411 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||||
Insurance | |||||||||||||||||||||||||||||||||||||||||||||||
Alera Group, Inc.(10) | First lien senior secured loan | SR + 6.50% | 10/2/2028 | 103,960 | 101,898 | 103,181 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||
Alera Group, Inc.(10)(18)(20) | First lien senior secured delayed draw term loan | SR + 6.50% | 10/2/2023 | 34,973 | 34,223 | 34,711 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC(10) | First lien senior secured loan | SR + 5.75% | 8/31/2029 | 130,182 | 127,600 | 127,578 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC(18)(19) | First lien senior secured revolving loan | SR + 5.75% | 8/31/2028 | — | (321) | (325) | — | % | |||||||||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC(18)(19) | First lien senior secured delayed draw term loan | SR + 5.75% | 8/31/2029 | — | (322) | (325) | — | % | |||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(6)(22)(23) | First lien senior secured loan | L + 3.50% | 2/12/2027 | 7,900 | 7,900 | 7,466 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(9)(22)(23) | First lien senior secured loan | SR + 3.50% | 2/12/2027 | 24,875 | 24,820 | 23,507 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Asurion, LLC(6)(23) | Second lien senior secured loan | L + 5.25% | 1/22/2029 | 154,017 | 150,277 | 117,053 | 2.5 | % | |||||||||||||||||||||||||||||||||||||||
Brightway Holdings, LLC(6) | First lien senior secured loan | L + 6.50% | 12/16/2027 | 17,805 | 17,607 | 17,449 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Brightway Holdings, LLC(18)(19) | First lien senior secured revolving loan | L + 6.50% | 12/16/2027 | — | (23) | (42) | — | % | |||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(7) | First lien senior secured loan | L + 6.25% | 4/28/2028 | 8,964 | 8,857 | 8,807 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(7)(18)(20) | First lien senior secured delayed draw term loan | L + 6.25% | 6/16/2023 | 10,509 | 10,412 | 10,274 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(18)(19) | First lien senior secured revolving loan | L + 6.25% | 4/30/2027 | — | (7) | (12) | — | % | |||||||||||||||||||||||||||||||||||||||
Hub International Limited(6)(22)(23) | First lien senior secured loan | L + 3.25% | 4/25/2025 | 9,949 | 9,943 | 9,570 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(8) | First lien senior secured loan | L + 9.50% PIK | 7/24/2028 | 13,235 | 13,018 | 13,036 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions)(18)(19)(20) | First lien senior secured delayed draw term loan | L + 5.25% | 6/22/2024 | — | (84) | (22) | — | % | |||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(8) | First lien senior secured loan | L + 6.00% | 11/1/2028 | 133,987 | 132,641 | 133,650 | 2.9 | % | |||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(9)(18)(20) | First lien senior secured delayed draw term loan | SR + 6.00% | 12/15/2023 | 53,514 | 53,074 | 53,380 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(18)(19) | First lien senior secured revolving loan | SR + 6.00% | 11/1/2027 | — | (22) | (6) | — | % | |||||||||||||||||||||||||||||||||||||||
PCF Midco II, LLC (dba PCF Insurance Services)(17) | First lien senior secured loan | 9.00% PIK | 10/31/2031 | 48,147 | 44,167 | 43,332 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services)(7) | First lien senior secured loan | L + 5.50% | 8/28/2028 | 36,250 | 35,617 | 35,253 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services)(18)(19)(20) | First lien senior secured delayed draw term loan | L + 5.50% | 8/26/2023 | — | (87) | (181) | — | % | |||||||||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services)(16)(18) | First lien senior secured revolving loan | P + 4.50% | 8/26/2027 | 310 | 225 | 168 | — | % | |||||||||||||||||||||||||||||||||||||||
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(7) | First lien senior secured loan | L + 5.50% | 7/23/2027 | 14,942 | 14,692 | 14,568 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(18)(19) | First lien senior secured revolving loan | L + 5.50% | 7/23/2027 | — | (18) | (27) | — | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Household products | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aptive Environmental, LLC(16) | First lien senior secured loan | 12.00% (6.00% PIK) | 01/2026 | $ | 8,689 | $ | 7,402 | $ | 8,037 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber)(9) | First lien senior secured loan | SR + | 5.75% | 04/2029 | 75,712 | 74,352 | 75,334 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber)(9)(17)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 04/2024 | 11,730 | 11,275 | 11,671 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber)(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 04/2028 | — | (136) | (40) | — | % | |||||||||||||||||||||||||||||||||||||||||
Mario Midco Holdings, Inc. (dba Len the Plumber)(9) | Unsecured facility | SR + | 10.75% PIK | 04/2032 | 24,686 | 24,066 | 24,501 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Simplisafe Holding Corporation(9) | First lien senior secured loan | SR + | 6.25% | 05/2028 | 127,753 | 125,512 | 126,795 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||||
Simplisafe Holding Corporation(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.25% | 05/2024 | — | (136) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(7) | First lien senior secured loan | L + | 4.50% | 10/2027 | 1,077 | 1,064 | 1,063 | — | % | |||||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(8)(17)(19) | First lien senior secured delayed draw term loan | L + | 4.50% | 10/2023 | 999 | 986 | 985 | — | % | |||||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(7)(17) | First lien senior secured revolving loan | L + | 4.50% | 10/2027 | 79 | 76 | 75 | — | % | |||||||||||||||||||||||||||||||||||||||||
Walker Edison Furniture Company LLC(9)(32) | First lien senior secured revolving loan | SR + | 6.25% | 03/2027 | 1,339 | 1,333 | 1,339 | — | % | |||||||||||||||||||||||||||||||||||||||||
Walker Edison Furniture Company LLC(9)(32) | First lien senior secured loan | SR + | 6.75% | 03/2027 | 2,505 | 2,450 | 2,455 | — | % | |||||||||||||||||||||||||||||||||||||||||
Walker Edison Furniture Company LLC(17)(19)(32) | First lien senior secured delayed draw term loan | SR + | 6.75% | 03/2027 | — | — | — | — | % | |||||||||||||||||||||||||||||||||||||||||
254,569 | 248,244 | 252,215 | 4.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Human resource support services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Cornerstone OnDemand, Inc.(6)(21) | First lien senior secured loan | L + | 3.75% | 10/2028 | $ | 19,800 | $ | 19,718 | $ | 18,810 | 0.3 | % | ||||||||||||||||||||||||||||||||||||||
Cornerstone OnDemand, Inc.(6) | Second lien senior secured loan | L + | 6.50% | 10/2029 | 44,583 | 44,006 | 42,800 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
IG Investments Holdings, LLC (dba Insight Global)(7) | First lien senior secured loan | L + | 6.00% | 09/2028 | 47,909 | 47,137 | 47,551 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
IG Investments Holdings, LLC (dba Insight Global)(7)(17)(18) | First lien senior secured revolving loan | L + | 6.00% | 09/2027 | — | (54) | (27) | — | % | |||||||||||||||||||||||||||||||||||||||||
112,292 | 110,807 | 109,134 | 1.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Infrastructure and environmental services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aegion Corp.(6)(21) | First lien senior secured loan | L + | 4.75% | 05/2028 | $ | 4,925 | $ | 4,907 | $ | 4,786 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||
The Goldfield Corp.(9) | First lien senior secured loan | SR + | 6.25% | 12/2026 | 993 | 976 | 985 | — | % | |||||||||||||||||||||||||||||||||||||||||
Osmose Utilities Services, Inc.(6)(22) | First lien senior secured loan | L + | 3.25% | 06/2028 | 16,756 | 16,662 | 16,052 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6)(22) | First lien senior secured loan | L + | 3.50% | 05/2028 | 11,907 | 11,600 | 11,500 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6)(21) | Second lien senior secured loan | L + | 6.50% | 05/2029 | 39,691 | 39,487 | 37,508 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(10) | First lien senior secured loan | SR + | 5.50% | 03/2028 | 32,365 | 31,811 | 31,961 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(10)(17) | First lien senior secured revolving loan | SR + | 5.50% | 03/2028 | 881 | 793 | 814 | — | % | |||||||||||||||||||||||||||||||||||||||||
107,518 | 106,236 | 103,606 | 1.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Insurance |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions)(7) | First lien senior secured loan | L + 5.25% | 12/22/2028 | 32,785 | 32,290 | 32,375 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions)(16)(18) | First lien senior secured revolving loan | P + 4.25% | 12/22/2027 | 990 | 946 | 948 | — | % | |||||||||||||||||||||||||||||||||||||||
837,294 | 819,323 | 785,366 | 16.7 | % | |||||||||||||||||||||||||||||||||||||||||||
Internet software and services | |||||||||||||||||||||||||||||||||||||||||||||||
Anaplan, Inc.(9) | First lien senior secured loan | SR + 6.50% | 6/21/2029 | 229,639 | 227,412 | 229,065 | 4.9 | % | |||||||||||||||||||||||||||||||||||||||
Anaplan, Inc.(18)(19) | First lien senior secured revolving loan | SR + 6.50% | 6/21/2028 | — | (158) | (41) | — | % | |||||||||||||||||||||||||||||||||||||||
Appfire Technologies, LLC(18)(19)(20) | First lien senior secured delayed draw term loan | SR + 5.50% | 6/14/2024 | — | (128) | — | — | % | |||||||||||||||||||||||||||||||||||||||
Appfire Technologies, LLC(9)(18) | First lien senior secured revolving loan | SR + 5.50% | 3/9/2027 | 132 | 109 | 120 | — | % | |||||||||||||||||||||||||||||||||||||||
Armstrong Bidco Ltd. (dba The Access Group)(15)(24) | First lien senior secured loan | SA +5.75% | 6/28/2029 | 29,661 | 31,895 | 29,216 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Armstrong Bidco Ltd. (dba The Access Group)(15)(18)(20)(24) | First lien senior secured delayed draw term loan | SA +5.75% | 6/30/2025 | 5,099 | 5,480 | 5,022 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Barracuda Parent, LLC(9)(23) | First lien senior secured loan | SR + 4.50% | 8/15/2029 | 35,000 | 33,964 | 32,837 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
Barracuda Parent, LLC(9) | Second lien senior secured loan | SR + 7.00% | 8/15/2030 | 93,250 | 90,477 | 87,189 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||
Bayshore Intermediate #2, L.P. (dba Boomi)(6) | First lien senior secured loan | L + 7.75% PIK | 10/2/2028 | 20,772 | 20,388 | 20,304 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Bayshore Intermediate #2, L.P. (dba Boomi)(18)(19) | First lien senior secured revolving loan | L + 6.75% | 10/1/2027 | — | (30) | (36) | — | % | |||||||||||||||||||||||||||||||||||||||
BCPE Nucleon (DE) SPV, LP(8)(24) | First lien senior secured loan | L + 7.00% | 9/24/2026 | 24,012 | 23,788 | 23,892 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
BCTO BSI Buyer, Inc. (dba Buildertrend)(10) | First lien senior secured loan | SR + 8.00% PIK | 12/23/2026 | 1,038 | 1,029 | 1,038 | — | % | |||||||||||||||||||||||||||||||||||||||
BCTO BSI Buyer, Inc. (dba Buildertrend)(18)(19) | First lien senior secured revolving loan | SR + 7.00% | 12/23/2026 | — | (2) | — | — | % | |||||||||||||||||||||||||||||||||||||||
CDK Global, Inc.(10)(23) | First lien senior secured loan | SR + 4.50% | 7/6/2029 | 20,000 | 19,416 | 19,230 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
CivicPlus, LLC(6) | First lien senior secured loan | L + 6.75% (incl. 2.50% PIK) | 8/24/2027 | 27,423 | 27,173 | 27,354 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
CivicPlus, LLC(18)(19) | First lien senior secured revolving loan | SR + 6.25% | 8/24/2027 | — | (20) | (6) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
CP PIK Debt Issuer, LLC (dba CivicPlus, LLC)(11) | Unsecured notes | SR + 11.75% PIK | 6/9/2034 | 13,429 | 13,036 | 13,161 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Delta TopCo, Inc. (dba Infoblox, Inc.)(7)(23) | First lien senior secured loan | L + 3.75% | 12/1/2027 | 14,924 | 14,849 | 13,480 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Delta TopCo, Inc. (dba Infoblox, Inc.)(7) | Second lien senior secured loan | L + 7.25% | 12/1/2028 | 49,222 | 48,956 | 45,530 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
E2open, LLC(7)(23)(24) | First lien senior secured loan | L + 3.50% | 2/4/2028 | 3,878 | 3,860 | 3,694 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
EET Buyer, Inc. (dba e-Emphasys)(7) | First lien senior secured loan | L + 5.25% | 11/8/2027 | 19,448 | 19,278 | 19,205 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
EET Buyer, Inc. (dba e-Emphasys)(18)(19) | First lien senior secured revolving loan | L + 5.75% | 11/8/2027 | — | (17) | (24) | — | % | |||||||||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc.(7) | First lien senior secured loan | L + 5.50% | 8/4/2027 | 8,283 | 8,110 | 7,973 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc.(7)(18)(20) | First lien senior secured delayed draw term loan | L + 5.50% | 8/4/2023 | 1,864 | 1,816 | 1,772 | — | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(10)(22) | First lien senior secured loan | SR + | 5.75% | 02/2027 | $ | 42,394 | $ | 41,594 | $ | 41,970 | 0.7 | % | ||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(6)(22) | First lien senior secured loan | L + | 3.50% | 02/2027 | 8,705 | 8,230 | 8,407 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(6)(22) | First lien senior secured loan | L + | 4.25% | 02/2027 | 1,990 | 1,934 | 1,945 | — | % | |||||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(6)(22) | First lien senior secured loan | L + | 3.75% | 02/2027 | 1,990 | 1,906 | 1,940 | — | % | |||||||||||||||||||||||||||||||||||||||||
Alera Group, Inc.(9) | First lien senior secured loan | SR + | 6.00% | 10/2028 | 149,610 | 146,901 | 149,237 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC(11) | First lien senior secured loan | SR + | 5.75% | 08/2029 | 129,856 | 127,419 | 128,558 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC(11)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 08/2028 | — | (294) | (163) | — | % | |||||||||||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC(11)(17)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 09/2024 | 21,643 | 21,143 | 21,426 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(6)(22) | First lien senior secured loan | L + | 3.50% | 02/2027 | 7,860 | 7,860 | 7,755 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(9)(22) | First lien senior secured loan | SR + | 3.50% | 02/2027 | 24,750 | 24,701 | 24,441 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(9)(22) | First lien senior secured loan | SR + | 4.25% | 02/2027 | 4,975 | 4,814 | 4,950 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Asurion, LLC(6)(22) | First lien senior secured loan | L + | 3.00% | 11/2024 | 14,354 | 13,929 | 14,318 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Asurion, LLC(6)(22) | Second lien senior secured loan | L + | 5.25% | 01/2029 | 154,017 | 150,498 | 126,602 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||||
Brightway Holdings, LLC(9) | First lien senior secured loan | SR + | 6.50% | 12/2027 | 17,716 | 17,533 | 17,361 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Brightway Holdings, LLC(9)(17) | First lien senior secured revolving loan | SR + | 6.50% | 12/2027 | 632 | 611 | 589 | — | % | |||||||||||||||||||||||||||||||||||||||||
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(10) | First lien senior secured loan | SR + | 7.50% | 03/2029 | 909 | 886 | 886 | — | % | |||||||||||||||||||||||||||||||||||||||||
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(10)(17)(18) | First lien senior secured revolving loan | SR + | 7.50% | 03/2029 | — | (2) | (2) | — | % | |||||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(10) | First lien senior secured loan | SR + | 6.25% | 04/2028 | 26,270 | 26,004 | 26,007 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.75% | 12/2023 | 1,397 | 1,397 | 1,390 | — | % | |||||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.25% | 04/2027 | — | (7) | (7) | — | % | |||||||||||||||||||||||||||||||||||||||||
Hyperion Refinance S.a.r.l (dba Howden Group)(9)(23) | First lien senior secured loan | SR + | 5.25% | 11/2027 | 131,000 | 128,503 | 131,000 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||||
KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(6) | First lien senior secured loan | L + | 9.50% PIK | 07/2028 | 14,530 | 14,327 | 14,421 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions)(6)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 5.25% | 06/2024 | — | (77) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(8) | First lien senior secured loan | L + | 6.00% | 11/2028 | 133,312 | 132,052 | 133,312 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(11) | First lien senior secured delayed draw term loan | SR + | 6.00% | 11/2028 | 69,186 | 68,589 | 69,186 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(8)(17)(18) | First lien senior secured revolving loan | L + | 6.00% | 11/2027 | — | (20) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
PCF Midco II, LLC (dba PCF Insurance Services)(16) | First lien senior secured loan | 9.00% PIK | 10/2031 | 50,363 | 46,519 | 45,830 | 0.8 | % | ||||||||||||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services)(10) | First lien senior secured loan | SR + | 5.50% | 08/2028 | 36,067 | 35,479 | 35,436 | 0.6 | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc.(7)(18) | First lien senior secured revolving loan | L + 5.50% | 8/4/2027 | 245 | 227 | 212 | — | % | |||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(8) | First lien senior secured loan | L + 6.50% | 1/29/2027 | 1,816 | 1,783 | 1,771 | — | % | |||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(18)(19) | First lien senior secured revolving loan | L + 6.50% | 1/29/2027 | — | (3) | (4) | — | % | |||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(7)(18)(20) | First lien senior secured delayed draw term loan | L + 6.00% | 4/23/2023 | 207 | 202 | 199 | — | % | |||||||||||||||||||||||||||||||||||||||
Grayshift, LLC(9) | First lien senior secured loan | SR + 7.50% | 7/6/2028 | 22,524 | 22,306 | 22,299 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Grayshift, LLC(18)(19) | First lien senior secured revolving loan | SR + 7.50% | 7/6/2028 | — | (23) | (24) | — | % | |||||||||||||||||||||||||||||||||||||||
GS Acquisitionco, Inc. (dba insightsoftware)(7) | First lien senior secured loan | L + 5.75% | 5/25/2026 | 8,648 | 8,611 | 8,583 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
GS Acquisitionco, Inc. (dba insightsoftware)(18)(19)(20) | First lien senior secured delayed draw term loan | L + 5.75% | 11/2/2022 | — | (4) | (11) | — | % | |||||||||||||||||||||||||||||||||||||||
Help/Systems Holdings, Inc.(9)(23) | First lien senior secured loan | SR + 4.00% | 11/19/2026 | 64,700 | 64,410 | 59,265 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||
Help/Systems Holdings, Inc.(9) | Second lien senior secured loan | SR + 6.75% | 11/19/2027 | 25,000 | 24,753 | 23,250 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Hyland Software, Inc.(6)(23) | First lien senior secured loan | L + 3.50% | 7/1/2024 | 19,845 | 19,816 | 19,172 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Hyland Software, Inc.(6) | Second lien senior secured loan | L + 6.25% | 7/7/2025 | 60,517 | 60,253 | 59,306 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||
Ivanti Software, Inc.(7) | Second lien senior secured loan | L + 7.25% | 12/1/2028 | 19,000 | 18,914 | 14,250 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
MessageBird BidCo B.V.(8)(24) | First lien senior secured loan | L + 6.75% | 5/5/2027 | 5,000 | 4,911 | 4,888 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC.(7) | First lien senior secured loan | L + 5.50% | 12/29/2028 | 49,188 | 48,289 | 47,835 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC.(18)(19)(20) | First lien senior secured delayed draw term loan | L + 5.50% | 12/29/2023 | — | (141) | (277) | — | % | |||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC.(18)(19) | First lien senior secured revolving loan | L + 5.50% | 12/30/2027 | — | (83) | (131) | — | % | |||||||||||||||||||||||||||||||||||||||
Mitnick Corporate Purchaser, Inc.(18)(22) | First lien senior secured revolving loan | SR + 3.50% | 5/3/2027 | — | 7 | — | — | % | |||||||||||||||||||||||||||||||||||||||
QAD Inc.(6) | First lien senior secured loan | L + 6.00% | 11/5/2027 | 46,268 | 45,458 | 45,111 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
QAD Inc.(18)(19) | First lien senior secured revolving loan | L + 6.00% | 11/5/2027 | — | (102) | (150) | — | % | |||||||||||||||||||||||||||||||||||||||
Perforce Software, Inc.(9) | First lien senior secured loan | SR + 4.50% | 7/1/2026 | 14,963 | 14,619 | 14,701 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Proofpoint, Inc.(7)(23) | Second lien senior secured loan | L + 6.25% | 8/31/2029 | 7,500 | 7,466 | 7,191 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Sailpoint Technologies Holdings, Inc.(9) | First lien senior secured loan | SR + 6.25% | 8/15/2029 | 59,880 | 58,631 | 58,616 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||
Sailpoint Technologies Holdings, Inc.(18)(19) | First lien senior secured revolving loan | SR + 6.25% | 8/15/2028 | — | (112) | (121) | — | % | |||||||||||||||||||||||||||||||||||||||
Securonix, Inc.(10) | First lien senior secured loan | SR + 6.50% | 4/5/2028 | 29,661 | 29,384 | 29,587 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Securonix, Inc.(18)(19) | First lien senior secured revolving loan | SR + 6.50% | 4/5/2028 | — | (49) | (13) | — | % | |||||||||||||||||||||||||||||||||||||||
Sophos Holdings, LLC(7)(22)(23)(24) | First lien senior secured loan | L + 3.50% | 3/5/2027 | 30,759 | 30,675 | 29,664 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Tahoe Finco, LLC(6)(24) | First lien senior secured loan | L + 6.00% | 9/29/2028 | 83,721 | 82,979 | 82,256 | 1.7 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services)(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.50% | 08/2023 | — | (80) | (77) | — | % | |||||||||||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services)(15)(17) | First lien senior secured revolving loan | P + | 4.50% | 08/2027 | 1,651 | 1,575 | 1,561 | — | % | |||||||||||||||||||||||||||||||||||||||||
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(10) | First lien senior secured loan | SR + | 5.50% | 07/2027 | 14,866 | 14,639 | 14,681 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(10)(17)(18) | First lien senior secured revolving loan | SR + | 5.50% | 07/2027 | — | (16) | (14) | — | % | |||||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions)(6) | First lien senior secured loan | L + | 5.25% | 12/2028 | 32,620 | 32,159 | 32,457 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions)(15)(17) | First lien senior secured revolving loan | P + | 4.25% | 12/2027 | 1,545 | 1,505 | 1,528 | — | % | |||||||||||||||||||||||||||||||||||||||||
1,094,208 | 1,072,211 | 1,056,931 | 17.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Internet software and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Anaplan, Inc.(9) | First lien senior secured loan | SR + | 6.50% | 06/2029 | $ | 229,639 | $ | 227,560 | $ | 229,639 | 3.9 | % | ||||||||||||||||||||||||||||||||||||||
Anaplan, Inc.(9)(17)(18) | First lien senior secured revolving loan | SR + | 6.50% | 06/2028 | — | (144) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Appfire Technologies, LLC(9) | First lien senior secured loan | SR + | 5.50% | 03/2027 | 3,701 | 3,678 | 3,682 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Appfire Technologies, LLC(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.50% | 06/2024 | — | (117) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Appfire Technologies, LLC(9)(17) | First lien senior secured revolving loan | SR + | 5.50% | 03/2027 | 93 | 73 | 85 | — | % | |||||||||||||||||||||||||||||||||||||||||
Avalara, Inc.(10) | First lien senior secured loan | SR + | 7.25% | 10/2028 | 70,455 | 69,455 | 69,926 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Avalara, Inc.(10)(17)(18) | First lien senior secured revolving loan | SR + | 7.25% | 10/2028 | — | (98) | (53) | — | % | |||||||||||||||||||||||||||||||||||||||||
Armstrong Bidco Ltd. (dba The Access Group)(14)(23) | First lien senior secured loan | SA + | 5.50% | 06/2029 | 32,853 | 31,938 | 32,607 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Armstrong Bidco Ltd. (dba The Access Group)(14)(17)(19)(23) | First lien senior secured delayed draw term loan | SA + | 5.50% | 06/2025 | 13,303 | 12,927 | 13,222 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Barracuda Parent, LLC(10)(22) | First lien senior secured loan | SR + | 4.50% | 08/2029 | 27,581 | 26,806 | 26,502 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Barracuda Parent, LLC(10) | Second lien senior secured loan | SR + | 7.00% | 08/2030 | 93,250 | 90,591 | 89,054 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||||
Bayshore Intermediate #2, L.P. (dba Boomi)(6) | First lien senior secured loan | L + | 7.75% PIK | 10/2028 | 22,076 | 21,715 | 21,744 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Bayshore Intermediate #2, L.P. (dba Boomi)(6)(17) | First lien senior secured revolving loan | L + | 6.75% | 10/2027 | 319 | 292 | 295 | — | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Nucleon (DE) SPV, LP(8)(23) | First lien senior secured loan | L + | 7.00% | 09/2026 | 24,012 | 23,811 | 23,952 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
BCTO BSI Buyer, Inc. (dba Buildertrend)(10) | First lien senior secured loan | SR + | 8.00% PIK | 12/2026 | 1,080 | 1,072 | 1,080 | — | % | |||||||||||||||||||||||||||||||||||||||||
BCTO BSI Buyer, Inc. (dba Buildertrend)(10)(17)(18) | First lien senior secured revolving loan | SR + | 7.00% | 12/2026 | — | (2) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Central Parent, Inc.(10)(22) | First lien senior secured loan | SR + | 4.25% | 07/2029 | 9,377 | 9,118 | 9,335 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
CivicPlus, LLC(7) | First lien senior secured loan | L + | 6.75% (2.50% PIK) | 08/2027 | 27,711 | 27,483 | 27,711 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
CivicPlus, LLC(7)(17)(18) | First lien senior secured revolving loan | L + | 6.25% | 08/2027 | — | (18) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
CP PIK Debt Issuer, LLC (dba CivicPlus, LLC)(11) | Unsecured notes | SR + | 11.75% PIK | 06/2034 | 14,506 | 14,129 | 14,434 | 0.2 | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Tahoe Finco, LLC(18)(19)(24) | First lien senior secured revolving loan | L + 6.00% | 10/1/2027 | — | (52) | (110) | — | % | |||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(7) | First lien senior secured loan | L + 5.75% | 6/30/2028 | 11,972 | 11,870 | 11,733 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(7)(18) | First lien senior secured revolving loan | L + 5.75% | 6/30/2027 | 245 | 239 | 231 | — | % | |||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(7)(18)(20) | First lien senior secured delayed draw term loan | L + 5.75% | 8/17/2023 | 733 | 726 | 692 | — | % | |||||||||||||||||||||||||||||||||||||||
When I Work, Inc.(7) | First lien senior secured loan | L + 7.00% PIK | 11/2/2027 | 23,113 | 22,918 | 22,650 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
When I Work, Inc.(18)(19) | First lien senior secured revolving loan | L + 6.00% | 11/2/2027 | — | (35) | (83) | — | % | |||||||||||||||||||||||||||||||||||||||
1,182,579 | 1,169,524 | 1,142,513 | 24.3 | % | |||||||||||||||||||||||||||||||||||||||||||
Leisure and entertainment | |||||||||||||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C.(8) | First lien senior secured loan | L + 5.75% | 8/5/2027 | 93,649 | 93,256 | 93,649 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C.(18)(19) | First lien senior secured revolving loan | L + 6.00% | 8/5/2026 | — | (28) | — | — | % | |||||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C.(8)(18)(20) | First lien senior secured delayed draw term loan | L + 5.75% | 5/2/2024 | 39,900 | 39,293 | 39,900 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||
WMG Acquisition Corp.(24) | First lien senior secured loan | SR + 3.00% | 1/20/2028 | 4,000 | 3,920 | 3,920 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
137,549 | 136,441 | 137,469 | 2.9 | % | |||||||||||||||||||||||||||||||||||||||||||
Manufacturing | |||||||||||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC(7) | First lien senior secured loan | L + 4.50% | 3/31/2028 | 4,073 | 4,025 | 3,982 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC(10) | First lien senior secured loan | SR + 6.00% | 3/28/2028 | 875 | 862 | 868 | — | % | |||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC(7)(18) | First lien senior secured revolving loan | L + 4.50% | 3/31/2026 | 364 | 355 | 345 | — | % | |||||||||||||||||||||||||||||||||||||||
BCPE Watson (DE) ORML, LP(11)(24)(28) | First lien senior secured loan | SR + 6.50% | 7/1/2028 | 101,500 | 100,517 | 100,485 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(23) | First lien senior secured loan | L + 3.75% | 5/19/2028 | 4,963 | 4,941 | 4,764 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(22) | Second lien senior secured loan | L + 6.50% | 5/21/2029 | 37,181 | 37,021 | 36,716 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(22) | Second lien senior secured loan | L + 6.00% | 5/21/2029 | 19,160 | 19,114 | 18,873 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Gloves Buyer, Inc. (dba Protective Industrial Products)(6) | First lien senior secured loan | L + 4.00% | 12/29/2027 | 18,775 | 18,418 | 18,587 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Gloves Buyer, Inc. (dba Protective Industrial Products)(6) | Second lien senior secured loan | L + 8.25% | 12/29/2028 | 11,728 | 11,448 | 11,553 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(11) | First lien senior secured loan | SR + 6.00% | 7/21/2027 | 87,269 | 86,485 | 86,177 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(11) | First lien senior secured loan | SR + 6.25% | 7/21/2027 | 13,000 | 12,744 | 12,870 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(18)(19) | First lien senior secured revolving loan | L + 6.00% | 7/21/2027 | — | (29) | (45) | — | % | |||||||||||||||||||||||||||||||||||||||
Pro Mach Group, Inc.(6)(23) | First lien senior secured loan | L + 4.00% | 8/31/2028 | 41,279 | 41,003 | 39,281 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||
340,167 | 336,904 | 334,456 | 7.1 | % | |||||||||||||||||||||||||||||||||||||||||||
Professional Services | |||||||||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(7)(24) | Second lien senior secured loan | L + 6.75% | 7/27/2029 | 5,000 | 4,952 | 4,800 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(7)(24) | Second lien senior secured delayed draw term loan | L + 6.75% | 7/27/2029 | 6,618 | 6,487 | 6,353 | 0.1 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Coupa Holdings, LLC(9) | First lien senior secured loan | SR + | 7.50% | 02/2030 | 24,344 | 23,740 | 23,735 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Coupa Holdings, LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 7.50% | 02/2029 | — | (41) | (42) | — | % | |||||||||||||||||||||||||||||||||||||||||
Coupa Holdings, LLC(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 7.50% | 08/2024 | — | (27) | (27) | — | % | |||||||||||||||||||||||||||||||||||||||||
Delta TopCo, Inc. (dba Infoblox, Inc.)(10)(22) | First lien senior secured loan | SR + | 3.75% | 12/2027 | 27,252 | 25,658 | 25,197 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Delta TopCo, Inc. (dba Infoblox, Inc.)(10) | Second lien senior secured loan | SR + | 7.25% | 12/2028 | 49,222 | 48,972 | 45,776 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
EET Buyer, Inc. (dba e-Emphasys)(8) | First lien senior secured loan | L + | 5.25% | 11/2027 | 19,350 | 19,194 | 19,350 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
EET Buyer, Inc. (dba e-Emphasys)(8)(17)(18) | First lien senior secured revolving loan | L + | 5.75% | 11/2027 | — | (15) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(7) | First lien senior secured loan | L + | 5.50% | 08/2027 | 8,241 | 8,083 | 7,768 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(7)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.50% | 08/2023 | 1,854 | 1,812 | 1,709 | — | % | |||||||||||||||||||||||||||||||||||||||||
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(7)(17) | First lien senior secured revolving loan | L + | 5.50% | 08/2027 | 793 | 777 | 742 | — | % | |||||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(6) | First lien senior secured loan | L + | 5.50% | 01/2027 | 1,816 | 1,786 | 1,780 | — | % | |||||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(6)(17) | First lien senior secured revolving loan | L + | 6.50% | 01/2027 | 85 | 82 | 81 | — | % | |||||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(6) | First lien senior secured delayed draw term loan | L + | 6.00% | 01/2027 | 342 | 337 | 335 | — | % | |||||||||||||||||||||||||||||||||||||||||
Grayshift, LLC(9) | First lien senior secured loan | SR + | 7.50% | 07/2028 | 22,411 | 22,208 | 22,411 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Grayshift, LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 7.50% | 07/2028 | — | (21) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
GS Acquisitionco, Inc. (dba insightsoftware)(10) | First lien senior secured loan | SR + | 5.75% | 05/2026 | 8,971 | 8,939 | 8,949 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Help/Systems Holdings, Inc.(10)(22) | First lien senior secured loan | SR + | 4.00% | 11/2026 | 64,368 | 64,079 | 56,998 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Help/Systems Holdings, Inc.(9) | Second lien senior secured loan | SR + | 6.75% | 11/2027 | 25,000 | 24,753 | 22,375 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Hyland Software, Inc.(6)(22) | First lien senior secured loan | L + | 3.50% | 07/2024 | 23,594 | 23,415 | 23,292 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Hyland Software, Inc.(6)(22) | Second lien senior secured loan | L + | 6.25% | 07/2025 | 60,517 | 60,296 | 57,600 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Ivanti Software, Inc.(7) | Second lien senior secured loan | L + | 7.25% | 12/2028 | 19,000 | 18,919 | 13,775 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
MessageBird BidCo B.V.(6)(23) | First lien senior secured loan | L + | 6.75% | 05/2027 | 5,000 | 4,919 | 4,913 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC.(10) | First lien senior secured loan | SR + | 5.50% | 12/2028 | 48,941 | 48,101 | 47,962 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC.(6)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.50% | 12/2023 | 1,997 | 1,848 | 1,819 | — | % | |||||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC.(10)(17) | First lien senior secured revolving loan | SR + | 5.50% | 12/2027 | 1,186 | 1,111 | 1,092 | — | % | |||||||||||||||||||||||||||||||||||||||||
Mitnick Corporate Purchaser, Inc.(10)(17)(21) | First lien senior secured revolving loan | SR + | 3.50% | 05/2027 | 3,163 | 3,169 | 3,163 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Oranje Holdco,Inc. (dba KnowBe4)(9) | First lien senior secured loan | SR + | 7.75% | 02/2029 | 81,182 | 79,987 | 79,964 | 1.4 | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(7)(24) | First lien senior secured loan | L + 3.75% | 7/27/2028 | 4,950 | 4,939 | 4,727 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Apex Service Partners, LLC(10)(18)(20) | First lien senior secured delayed draw term loan | SR + 5.50% | 10/23/2023 | 76,584 | 75,474 | 76,010 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||
Apex Service Partners, LLC(18)(19) | First lien senior secured revolving loan | SR + 5.25% | 7/31/2025 | — | (59) | (35) | — | % | |||||||||||||||||||||||||||||||||||||||
Apex Service Partners Intermediate 2, LLC(17) | First lien senior secured loan | 12.50% PIK | 7/22/2027 | 5,000 | 4,879 | 4,875 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
EM Midco2 Ltd. (dba Element Materials Technology)(10)(22)(23)(24) | First lien senior secured loan | SR + 4.25% | 4/12/2029 | 30,000 | 29,957 | 28,089 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Guidehouse Inc.(6) | First lien senior secured loan | L + 5.50% | 10/16/2028 | 107,001 | 105,888 | 105,931 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||
Relativity ODA LLC(6) | First lien senior secured loan | L + 7.50% PIK | 5/12/2027 | 4,844 | 4,791 | 4,820 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Relativity ODA LLC(18)(19) | First lien senior secured revolving loan | L + 6.50% | 5/12/2027 | — | (5) | (2) | — | % | |||||||||||||||||||||||||||||||||||||||
Sovos Compliance, LLC(6)(23) | First lien senior secured loan | L + 4.50% | 8/11/2028 | 24,965 | 24,662 | 23,754 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC(10) | First lien senior secured loan | SR + 6.50% | 7/25/2028 | 45,773 | 44,879 | 44,857 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC(9)(18) | First lien senior secured delayed draw term loan | SR + 6.50% | 7/25/2028 | 2,338 | 2,267 | 2,265 | — | % | |||||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC(18)(19) | First lien senior secured delayed draw term loan | SR + 6.50% | 7/25/2028 | — | (36) | (37) | — | % | |||||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC(9)(18) | First lien senior secured revolving loan | SR + 6.50% | 7/25/2028 | 1,058 | 1,030 | 1,029 | — | % | |||||||||||||||||||||||||||||||||||||||
314,131 | 310,105 | 307,436 | 6.5 | % | |||||||||||||||||||||||||||||||||||||||||||
Specialty retail | |||||||||||||||||||||||||||||||||||||||||||||||
Ideal Image Development, LLC(9) | First lien senior secured loan | SR + 6.50% | 9/1/2027 | 5,854 | 5,738 | 5,737 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Ideal Image Development, LLC(18)(19) | First lien senior secured delayed draw term loan | SR + 6.50% | 9/1/2027 | — | (4) | (4) | — | % | |||||||||||||||||||||||||||||||||||||||
Ideal Image Development, LLC(18)(19) | First lien senior secured revolving loan | SR + 6.50% | 9/1/2027 | — | (18) | (18) | — | % | |||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(9) | First lien senior secured loan | SR + 6.75% | 11/23/2027 | 60,459 | 59,657 | 60,156 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(9) | First lien senior secured loan | SR + 6.75% | 11/23/2027 | 164,673 | 162,342 | 163,849 | 3.5 | % | |||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(9)(18)(20) | First lien senior secured delayed draw term loan | SR + 6.75% | 11/23/2023 | 5,268 | 5,156 | 5,242 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(18)(19) | First lien senior secured revolving loan | SR + 6.75% | 5/24/2027 | — | (67) | (26) | — | % | |||||||||||||||||||||||||||||||||||||||
Milan Laser Holdings LLC(6) | First lien senior secured loan | L + 5.00% | 4/27/2027 | 20,476 | 20,314 | 20,374 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Milan Laser Holdings LLC(18)(19) | First lien senior secured revolving loan | L + 5.00% | 4/27/2026 | — | (13) | (9) | — | % | |||||||||||||||||||||||||||||||||||||||
The Shade Store, LLC(6) | First lien senior secured loan | L + 6.00% | 10/13/2027 | 67,670 | 66,938 | 65,979 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||
The Shade Store, LLC(10) | First lien senior secured revolving loan | SR + 7.00% | 10/13/2026 | 10,714 | 10,399 | 10,554 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
The Shade Store, LLC(18)(19) | First lien senior secured revolving loan | L + 6.00% | 10/13/2026 | — | (69) | (170) | — | % | |||||||||||||||||||||||||||||||||||||||
335,114 | 330,373 | 331,664 | 7.0 | % | |||||||||||||||||||||||||||||||||||||||||||
Telecommunications |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Oranje Holdco, Inc. (dba KnowBe4)(9)(17)(18) | First lien senior secured revolving loan | SR + | 7.75% | 02/2029 | — | (148) | (152) | — | % | |||||||||||||||||||||||||||||||||||||||||
QAD Inc.(6) | First lien senior secured loan | L + | 6.00% | 11/2027 | 46,035 | 45,292 | 44,999 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
QAD Inc.(6)(17)(18) | First lien senior secured revolving loan | L + | 6.00% | 11/2027 | — | (92) | (135) | — | % | |||||||||||||||||||||||||||||||||||||||||
Perforce Software, Inc.(9) | First lien senior secured loan | SR + | 4.50% | 07/2026 | 14,888 | 14,585 | 14,143 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Proofpoint, Inc.(6)(22) | First lien senior secured loan | L + | 3.25% | 08/2028 | 12,253 | 11,855 | 11,956 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Proofpoint, Inc.(6) | Second lien senior secured loan | L + | 6.25% | 08/2029 | 7,500 | 7,468 | 7,050 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Sailpoint Technologies Holdings, Inc.(9) | First lien senior secured loan | SR + | 6.25% | 08/2029 | 59,880 | 58,695 | 59,131 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Sailpoint Technologies Holdings, Inc.(9)(17)(18) | First lien senior secured revolving loan | SR + | 6.25% | 08/2028 | — | (102) | (71) | — | % | |||||||||||||||||||||||||||||||||||||||||
Securonix, Inc.(10) | First lien senior secured loan | SR + | 6.50% | 04/2028 | 29,661 | 29,403 | 29,216 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Securonix, Inc.(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.50% | 04/2028 | — | (45) | (80) | — | % | |||||||||||||||||||||||||||||||||||||||||
Sedgwick Claims Management Services, Inc.(9)(21)(22) | First lien senior secured loan | SR + | 3.75% | 02/2028 | 10,000 | 9,798 | 9,860 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Sophos Holdings, LLC(7)(22)(23) | First lien senior secured loan | L + | 3.50% | 03/2027 | 20,083 | 20,029 | 19,874 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Tahoe Finco, LLC(6)(23) | First lien senior secured loan | L + | 6.00% | 09/2028 | 83,721 | 83,028 | 82,674 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Tahoe Finco, LLC(6)(17)(18)(23) | First lien senior secured revolving loan | L + | 6.00% | 10/2027 | — | (47) | (78) | — | % | |||||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(7) | First lien senior secured loan | L + | 5.75% | 06/2028 | 11,911 | 11,817 | 11,792 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(7)(17) | First lien senior secured revolving loan | L + | 5.75% | 06/2027 | 449 | 444 | 442 | — | % | |||||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(7)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.75% | 08/2023 | 729 | 723 | 722 | — | % | |||||||||||||||||||||||||||||||||||||||||
When I Work, Inc.(7) | First lien senior secured loan | L + | 12.60% PIK | 11/2027 | 23,828 | 23,649 | 23,411 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Zendesk, Inc.(10) | First lien senior secured loan | SR + | 7.00% | 11/2028 | 120,319 | 118,019 | 118,213 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||||
Zendesk, Inc.(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.50% | 11/2024 | — | (1,052) | (226) | — | % | |||||||||||||||||||||||||||||||||||||||||
Zendesk, Inc.(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.50% | 11/2028 | — | (233) | (217) | — | % | |||||||||||||||||||||||||||||||||||||||||
When I Work, Inc.(7)(17) | First lien senior secured revolving loan | L + | 6.00% | 11/2027 | 416 | 385 | 343 | — | % | |||||||||||||||||||||||||||||||||||||||||
1,510,258 | 1,485,821 | 1,466,799 | 24.9 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Leisure and entertainment | ||||||||||||||||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C.(8) | First lien senior secured loan | L + | 5.75% | 08/2027 | $ | 93,176 | $ | 92,817 | $ | 93,176 | 1.6 | % | ||||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C.(8)(17)(18) | First lien senior secured revolving loan | L + | 6.00% | 08/2026 | — | (24) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C.(8)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.75% | 05/2024 | 39,750 | 39,206 | 39,750 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
132,926 | 131,999 | 132,926 | 2.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Manufacturing |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Park Place Technologies, LLC(9) | First lien senior secured loan | SR + 5.00% | 11/10/2027 | 10,934 | 10,595 | 10,360 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Zayo Group Holdings, Inc.(9)(22)(23) | First lien senior secured loan | SR + 4.25% | 3/9/2027 | 9,950 | 9,715 | 8,620 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
20,884 | 20,310 | 18,980 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||||||||||||||||||||
Motus Group, LLC(6) | Second lien senior secured loan | L + 6.50% | 12/10/2029 | 10,000 | 9,908 | 9,775 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Safe Fleet Holdings, LLC(9) | First lien senior secured loan | SR + 3.75% | 2/23/2029 | 26,117 | 25,498 | 24,550 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
36,117 | 35,406 | 34,325 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/non-affiliated portfolio company debt investments | $ | 9,663,872 | $ | 9,531,735 | $ | 9,372,220 | 198.9 | % | |||||||||||||||||||||||||||||||||||||||
Equity Investments | |||||||||||||||||||||||||||||||||||||||||||||||
Automotive | |||||||||||||||||||||||||||||||||||||||||||||||
CD&R Value Building Partners I, L.P. (dba Belron)(24)(25)(27) | LP Interest | N/A | N/A | 33,000 | 33,107 | 32,614 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
Metis HoldCo, Inc. (dba Mavis Tire Express Services)(25) | Series A Convertible Preferred Stock | 7.00% PIK | N/A | 11,873 | 11,559 | 11,191 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
44,666 | 43,805 | 0.9 | % | ||||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | |||||||||||||||||||||||||||||||||||||||||||||||
Associations Finance, Inc.(25) | Preferred Stock | 12.00% PIK | N/A | 215,000,000 | 210,519 | 211,940 | 4.5 | % | |||||||||||||||||||||||||||||||||||||||
Dodge Construction Network Holdings, L.P.(25) | Series A Preferred Units | 8.25% PIK | N/A | — | 3 | 3 | — | % | |||||||||||||||||||||||||||||||||||||||
Dodge Construction Network Holdings, L.P.(25)(27) | Class A-2 Common Units | N/A | N/A | 143,963 | 123 | 123 | — | % | |||||||||||||||||||||||||||||||||||||||
210,645 | 212,066 | 4.5 | % | ||||||||||||||||||||||||||||||||||||||||||||
Business services | |||||||||||||||||||||||||||||||||||||||||||||||
Denali Holding LP (dba Summit Companies)(25)(27) | Class A Units | N/A | N/A | 687,000 | 7,076 | 8,478 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Hercules Buyer, LLC (dba The Vincit Group)(25)(27)(29) | Common Units | N/A | N/A | 10,000 | 10 | 10 | — | % | |||||||||||||||||||||||||||||||||||||||
Knockout Intermediate Holdings I Inc. (dba Kaseya)(25) | Perpetual Preferred Stock | 11.75% PIK | N/A | 53,600 | 52,295 | 52,796 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
59,381 | 61,284 | 1.3 | % | ||||||||||||||||||||||||||||||||||||||||||||
Consumer products | |||||||||||||||||||||||||||||||||||||||||||||||
ASP Conair Holdings LP(25)(27) | Class A Units | N/A | N/A | 9,286 | 929 | 838 | — | % | |||||||||||||||||||||||||||||||||||||||
929 | 838 | — | % | ||||||||||||||||||||||||||||||||||||||||||||
Financial Services | |||||||||||||||||||||||||||||||||||||||||||||||
Amergin Asset Management, LLC(24)(25)(27)(32) | Class A Units | N/A | N/A | 50,000,000 | — | — | — | % | |||||||||||||||||||||||||||||||||||||||
— | — | — | % | ||||||||||||||||||||||||||||||||||||||||||||
Food and beverage | |||||||||||||||||||||||||||||||||||||||||||||||
Hissho Sushi Holdings, LLC(25)(27) | Class A Units | N/A | N/A | 941,780 | 9,418 | 9,418 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
9,418 | 9,418 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | |||||||||||||||||||||||||||||||||||||||||||||||
Maia Aggregator, LP(25)(27) | Class A-2 Units | N/A | N/A | 12,921,348 | 12,921 | 12,921 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
KPCI Holdings, L.P.(25)(27) | Class A Units | N/A | N/A | 30,425 | 2,313 | 2,301 | — | % | |||||||||||||||||||||||||||||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.)(24)(25) | Class A Units | 8.00% PIK | N/A | 982 | 1,052 | 1,052 | — | % | |||||||||||||||||||||||||||||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.)(24)(25)(27) | Class B Units | N/A | N/A | 13,517 | 146 | 146 | — | % | |||||||||||||||||||||||||||||||||||||||
Rhea Acquistion Holdings, LP(25)(27) | Series A-2 Units | N/A | N/A | 11,964,286 | 11,964 | 11,964 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
28,396 | 28,384 | 0.6 | % | ||||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | |||||||||||||||||||||||||||||||||||||||||||||||
KOBHG Holdings, L.P. (dba OB Hospitalist)(25)(27) | Class A Interests | N/A | N/A | 3,520 | 3,520 | 3,401 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
3,520 | 3,401 | 0.1 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC(7) | First lien senior secured loan | L + | 4.50% | 03/2028 | $ | 4,053 | $ | 4,008 | $ | 3,982 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC(10) | First lien senior secured loan | SR + | 6.00% | 03/2028 | 871 | 859 | 871 | — | % | |||||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC(7)(17) | First lien senior secured revolving loan | L + | 4.50% | 03/2026 | 525 | 517 | 510 | — | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Watson (DE) ORML, LP(11)(23)(27) | First lien senior secured loan | SR + | 6.50% | 07/2028 | 101,500 | 100,582 | 100,739 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(22) | First lien senior secured loan | L + | 3.50% | 05/2028 | 9,925 | 9,868 | 9,773 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(21) | Second lien senior secured loan | L + | 6.50% | 05/2029 | 37,181 | 37,030 | 37,181 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(21) | Second lien senior secured loan | L + | 6.00% | 05/2029 | 19,160 | 19,117 | 19,160 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Gloves Buyer, Inc. (dba Protective Industrial Products)(6) | First lien senior secured loan | L + | 4.00% | 12/2027 | 18,728 | 18,400 | 18,587 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Gloves Buyer, Inc. (dba Protective Industrial Products)(6) | Second lien senior secured loan | L + | 8.25% | 12/2028 | 11,728 | 11,464 | 11,553 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Helix Acquisition Holdings, Inc. (dba MW Industries)(10) | First lien senior secured loan | SR + | 7.00% | 03/2030 | 65,000 | 63,051 | 63,050 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(9) | First lien senior secured loan | SR + | 6.00% | 07/2027 | 86,829 | 86,124 | 86,395 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(9) | First lien senior secured loan | SR + | 6.25% | 07/2027 | 12,935 | 12,701 | 12,903 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(9)(17) | First lien senior secured revolving loan | SR + | 6.00% | 07/2027 | 500 | 474 | 482 | — | % | |||||||||||||||||||||||||||||||||||||||||
Pro Mach Group, Inc.(6)(22) | First lien senior secured loan | L + | 4.00% | 08/2028 | 30,551 | 30,391 | 30,364 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
399,486 | 394,586 | 395,550 | 6.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Professional Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(9)(23) | First lien senior secured loan | SR + | 5.00% | 07/2028 | $ | 24,938 | $ | 23,498 | $ | 24,563 | 0.4 | % | ||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(7)(23) | Second lien senior secured loan | L + | 6.75% | 07/2029 | 11,618 | 11,448 | 11,269 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Apex Service Partners, LLC(11) | First lien senior secured loan | SR + | 5.50% | 07/2025 | 91,241 | 90,233 | 91,013 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||||
Apex Service Partners, LLC(7)(17) | First lien senior secured revolving loan | L + | 5.25% | 07/2025 | 2,300 | 2,251 | 2,289 | — | % | |||||||||||||||||||||||||||||||||||||||||
Apex Service Partners Intermediate 2, LLC(16) | First lien senior secured loan | 12.50% PIK | 07/2027 | 5,444 | 5,332 | 5,376 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||
Corporation Service Company(9)(22) | First lien senior secured loan | SR + | 3.25% | 11/2029 | 2,873 | 2,792 | 2,864 | — | % | |||||||||||||||||||||||||||||||||||||||||
EM Midco2 Ltd. (dba Element Materials Technology)(10)(22)(23) | First lien senior secured loan | SR + | 4.25% | 06/2029 | 27,878 | 27,846 | 27,496 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Guidehouse Inc.(9) | First lien senior secured loan | SR + | 6.25% | 10/2028 | 106,462 | 105,424 | 105,930 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
Relativity ODA LLC(6) | First lien senior secured loan | L + | 7.50% PIK | 05/2027 | 5,036 | 4,988 | 5,036 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Relativity ODA LLC(6)(17)(18) | First lien senior secured revolving loan | L + | 6.50% | 05/2027 | — | (4) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Sovos Compliance, LLC(6)(22) | First lien senior secured loan | L + | 4.50% | 08/2028 | 29,266 | 28,753 | 27,656 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Vistage Worldwide, Inc.(9) | First lien senior secured loan | SR + | 5.25% | 07/2029 | 4,975 | 4,849 | 4,888 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
VT Topco, Inc. (dba Veritext)(6) | First lien senior secured loan | SR + | 3.75% | 08/2025 | 2,752 | 2,731 | 2,704 | — | % | |||||||||||||||||||||||||||||||||||||||||
314,783 | 310,141 | 311,084 | 5.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Specialty retail | ||||||||||||||||||||||||||||||||||||||||||||||||||
Ideal Image Development, LLC(9) | First lien senior secured loan | SR + | 6.50% | 09/2027 | $ | 5,824 | $ | 5,719 | $ | 5,752 | 0.1 | % |
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Healthcare technology | |||||||||||||||||||||||||||||||||||||||||||||||
Minerva Holdco, Inc.(25) | Series A Preferred Stock | 10.75% PIK | N/A | 106,864 | 104,976 | 95,376 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||
BEHP Co-Investor II, L.P.(24)(25)(27) | LP Interest | N/A | N/A | 1,269,969 | 1,265 | 1,271 | — | % | |||||||||||||||||||||||||||||||||||||||
Orange Blossom Parent, Inc.(25)(27) | Common Equity | N/A | N/A | 16,667 | 1,667 | 1,667 | — | % | |||||||||||||||||||||||||||||||||||||||
WP Irving Co-Invest, L.P.(24)(25)(27) | Partnership Units | N/A | N/A | 1,250,000 | 1,251 | 1,251 | — | % | |||||||||||||||||||||||||||||||||||||||
109,159 | 99,565 | 2.0 | % | ||||||||||||||||||||||||||||||||||||||||||||
Household products | |||||||||||||||||||||||||||||||||||||||||||||||
Evology LLC(25)(27) | Class B Units | N/A | N/A | 316 | 1,512 | 1,512 | — | % | |||||||||||||||||||||||||||||||||||||||
1,512 | 1,512 | — | % | ||||||||||||||||||||||||||||||||||||||||||||
Human resource support services | |||||||||||||||||||||||||||||||||||||||||||||||
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)(25) | Series A Preferred Stock | 10.50% PIK | N/A | 13,715 | 13,422 | 12,378 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
13,422 | 12,378 | 0.3 | % | ||||||||||||||||||||||||||||||||||||||||||||
Insurance | |||||||||||||||||||||||||||||||||||||||||||||||
Accelerate Topco Holdings, LLC(25)(27) | Common Units | N/A | N/A | 88,211 | 2,435 | 2,435 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Evolution Parent, LP (dba SIAA)(25)(27) | LP Interest | N/A | N/A | 2,703 | 270 | 270 | — | % | |||||||||||||||||||||||||||||||||||||||
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(25)(27) | LP Interest | N/A | N/A | 421 | 426 | 421 | — | % | |||||||||||||||||||||||||||||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services)(25)(27) | Class A Units | N/A | N/A | 6,047,390 | 15,336 | 26,976 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
18,467 | 30,102 | 0.7 | % | ||||||||||||||||||||||||||||||||||||||||||||
Internet software and services | |||||||||||||||||||||||||||||||||||||||||||||||
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(25)(27) | Common Units | N/A | N/A | 1,729,439 | 1,729 | 1,701 | — | % | |||||||||||||||||||||||||||||||||||||||
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(24)(25)(27) | LP Interest | N/A | N/A | — | 987 | 987 | — | % | |||||||||||||||||||||||||||||||||||||||
Elliott Alto Co-Investor Aggregator L.P.(24)(25)(27) | LP Interest | N/A | N/A | 6,530 | 6,549 | 6,549 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Picard Holdco, Inc.(25) | Series A Preferred Stock | 12.00% PIK | N/A | 51,493 | 49,947 | 49,948 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
MessageBird Holding B.V.(24)(25)(27) | Extended Series C Warrants | N/A | N/A | 7,980 | 49 | 8 | — | % | |||||||||||||||||||||||||||||||||||||||
Project Alpine Co-Invest Fund, L.P.(24)(25)(27) | LP Interest | N/A | N/A | 17,000 | 17,010 | 17,000 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Thunder Topco L.P. (dba Vector Solutions)(25)(27) | Common Units | N/A | N/A | 712,884 | 713 | 684 | — | % | |||||||||||||||||||||||||||||||||||||||
WMC Bidco, Inc. (dba West Monroe)(25) | Senior Preferred Stock | 11.25% PIK | N/A | 36,888 | 36,088 | 34,491 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
Project Hotel California Co-Invest Fund, L.P.(24)(25)(27) | LP Interest | N/A | N/A | 3,522 | 3,525 | 3,522 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
BCTO WIW Holdings, Inc. (dba When I Work)(25)(27) | Class A Common Stock | N/A | N/A | 57,000 | 5,700 | 5,134 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
122,297 | 120,024 | 2.5 | % | ||||||||||||||||||||||||||||||||||||||||||||
Manufacturing | |||||||||||||||||||||||||||||||||||||||||||||||
Gloves Holding, LP (dba Protective Industrial Products)(25)(27) | LP Interest | N/A | N/A | 100 | 100 | 107 | — | % | |||||||||||||||||||||||||||||||||||||||
100 | 107 | 0.0 | % | ||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/non-affiliated portfolio company equity investments | $ | 621,912 | $ | 622,884 | 13.1 | % | |||||||||||||||||||||||||||||||||||||||||
Total non-controlled/non-affiliated portfolio company investments | $ | 10,153,647 | $ | 9,995,104 | 212.4 | % | |||||||||||||||||||||||||||||||||||||||||
Non-controlled/affiliated portfolio company investments | |||||||||||||||||||||||||||||||||||||||||||||||
Equity Investments | |||||||||||||||||||||||||||||||||||||||||||||||
Insurance | |||||||||||||||||||||||||||||||||||||||||||||||
Chapford SMA Partnership, L.P.(18)(24)(25)(27)(28)(31) | LP Interest | N/A | N/A | 7,350 | 7,032 | 7,032 | 0.1 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Ideal Image Development, LLC(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.50% | 03/2024 | — | (3) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Ideal Image Development, LLC(9) | First lien senior secured revolving loan | SR + | 6.50% | 09/2027 | 915 | 898 | 903 | — | % | |||||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(10) | First lien senior secured loan | SR + | 6.75% | 11/2027 | 60,154 | 59,415 | 59,402 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(10) | First lien senior secured loan | SR + | 6.75% | 11/2027 | 163,845 | 161,702 | 161,797 | 2.8 | % | |||||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.75% | 11/2023 | 5,242 | 5,140 | 5,177 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(10)(17) | First lien senior secured revolving loan | SR + | 6.75% | 05/2027 | 1,056 | 997 | 990 | — | % | |||||||||||||||||||||||||||||||||||||||||
Milan Laser Holdings LLC(9) | First lien senior secured loan | SR + | 5.00% | 04/2027 | 20,372 | 20,226 | 20,372 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Milan Laser Holdings LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.00% | 04/2026 | — | (11) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
The Shade Store, LLC(10) | First lien senior secured loan | SR + | 6.00% | 10/2027 | 67,330 | 66,659 | 64,805 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
The Shade Store, LLC(10) | First lien senior secured loan | SR + | 7.00% | 10/2027 | 10,661 | 10,371 | 10,368 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
The Shade Store, LLC(10)(17) | First lien senior secured revolving loan | SR + | 6.00% | 10/2026 | 4,773 | 4,712 | 4,517 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
340,172 | 335,825 | 334,083 | 5.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Telecommunications | ||||||||||||||||||||||||||||||||||||||||||||||||||
Park Place Technologies, LLC(9)(22) | First lien senior secured loan | SR + | 5.00% | 11/2027 | $ | 1,142 | $ | 1,109 | $ | 1,093 | — | % | ||||||||||||||||||||||||||||||||||||||
1,142 | 1,109 | 1,093 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
Transportation | ||||||||||||||||||||||||||||||||||||||||||||||||||
Motus Group, LLC(6) | Second lien senior secured loan | L + | 6.50% | 12/2029 | $ | 10,000 | $ | 9,912 | $ | 9,825 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||
Safe Fleet Holdings, LLC(9)(22) | First lien senior secured loan | SR + | 3.75% | 02/2029 | 25,986 | 25,405 | 25,391 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
35,986 | 35,317 | 35,216 | 0.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/non-affiliated portfolio company debt investments | $ | 10,743,049 | $ | 10,580,615 | $ | 10,518,335 | 178.5 | % | ||||||||||||||||||||||||||||||||||||||||||
Equity Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Automotive | ||||||||||||||||||||||||||||||||||||||||||||||||||
CD&R Value Building Partners I, L.P. (dba Belron)(23)(24)(26) | LP Interest | N/A | N/A | 33,061 | $ | 33,108 | $ | 33,956 | 0.6 | % | ||||||||||||||||||||||||||||||||||||||||
Metis HoldCo, Inc. (dba Mavis Tire Express Services)(16)(24) | Series A Convertible Preferred Stock | 7.00% PIK | N/A | 12,296 | 12,001 | 11,957 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||||
45,109 | 45,913 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||
Associations Finance, Inc.(16)(24) | Preferred Stock | 12.00% PIK | N/A | 215,000,000 | $ | 223,970 | $ | 227,142 | 3.9 | % | ||||||||||||||||||||||||||||||||||||||||
Dodge Construction Network Holdings, L.P.(10)(24) | Series A Preferred Units | SR + | 8.25% PIK | N/A | — | 3 | 3 | — | % | |||||||||||||||||||||||||||||||||||||||||
Dodge Construction Network Holdings, L.P.(24)(26) | Class A-2 Common Units | N/A | N/A | 143,963 | 123 | 123 | — | % | ||||||||||||||||||||||||||||||||||||||||||
224,096 | 227,268 | 3.9 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Business services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Denali Holding LP (dba Summit Companies)(24)(26) | Class A Units | N/A | N/A | 686,513 | $ | 7,076 | $ | 8,838 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||
Hercules Buyer, LLC (dba The Vincit Group)(24)(26)(28) | Common Units | N/A | N/A | 10,000 | 10 | 11 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(3)(21)(30) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(26) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
7,032 | 7,032 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/affiliated portfolio company equity investments | 7,032 | 7,032 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||||
Controlled/affiliated portfolio company investments | |||||||||||||||||||||||||||||||||||||||||||||||
Financial Services | |||||||||||||||||||||||||||||||||||||||||||||||
AAM Series 2.1 Aviation Feeder, LLC(18)(24)(25)(27)(32) | LLC Interest | N/A | N/A | 1,368 | 1,368 | 1,368 | — | % | |||||||||||||||||||||||||||||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(18)(24)(25)(27)(32) | LLC Interest | N/A | N/A | — | — | — | — | % | |||||||||||||||||||||||||||||||||||||||
1,368 | 1,368 | — | % | ||||||||||||||||||||||||||||||||||||||||||||
Total controlled/affiliated portfolio company equity investments | $ | 1,368 | $ | 1,368 | — | % | |||||||||||||||||||||||||||||||||||||||||
Total Investments | $ | 10,162,047 | $ | 10,003,504 | 212.6 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Knockout Intermediate Holdings I Inc. (dba Kaseya)(16)(24) | Perpetual Preferred Stock | 11.75% PIK | N/A | 56,924 | 55,684 | 56,782 | 1.0 | % | ||||||||||||||||||||||||||||||||||||||||||
62,770 | 65,631 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Consumer products | ||||||||||||||||||||||||||||||||||||||||||||||||||
ASP Conair Holdings LP(24)(26) | Class A Units | N/A | N/A | 9,286 | $ | 929 | $ | 833 | — | % | ||||||||||||||||||||||||||||||||||||||||
929 | 833 | — | % | |||||||||||||||||||||||||||||||||||||||||||||||
Food and beverage | ||||||||||||||||||||||||||||||||||||||||||||||||||
Hissho Sushi Holdings, LLC(24)(26) | Class A Units | N/A | N/A | 941,780 | $ | 9,418 | $ | 10,404 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||
9,418 | 10,404 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Maia Aggregator, LP(24)(26) | Class A-2 Units | N/A | N/A | 12,921,348 | $ | 12,921 | $ | 13,711 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||
KPCI Holdings, L.P.(24)(26) | Class A Units | N/A | N/A | 1,781 | 2,313 | 2,510 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.)(16)(23)(24) | Class A Units | 8.00% PIK | N/A | 982 | 1,094 | 1,073 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.)(23)(24)(26) | Class B Units | N/A | N/A | 13,517 | 146 | 153 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Rhea Acquisition Holdings, LP(24)(26) | Series A-2 Units | N/A | N/A | 11,964,286 | 11,964 | 11,964 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||||
28,438 | 29,411 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
KOBHG Holdings, L.P. (dba OB Hospitalist)(24)(26) | Class A Interests | N/A | N/A | 3,520 | $ | 3,520 | $ | 3,269 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||
3,520 | 3,269 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Healthcare technology | ||||||||||||||||||||||||||||||||||||||||||||||||||
Minerva Holdco, Inc.(16)(24) | Series A Preferred Stock | 10.75% PIK | N/A | 112,849 | $ | 111,046 | $ | 103,257 | 1.8 | % | ||||||||||||||||||||||||||||||||||||||||
BEHP Co-Investor II, L.P.(23)(24)(26) | LP Interest | N/A | N/A | 1,269,969 | 1,266 | 1,325 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Orange Blossom Parent, Inc.(24)(26) | Common Equity | N/A | N/A | 16,667 | 1,667 | 1,710 | — | % | ||||||||||||||||||||||||||||||||||||||||||
WP Irving Co-Invest, L.P.(23)(24)(26) | Partnership Units | N/A | N/A | 1,250,000 | 1,251 | 1,304 | — | % | ||||||||||||||||||||||||||||||||||||||||||
115,230 | 107,596 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Household products | ||||||||||||||||||||||||||||||||||||||||||||||||||
Evology LLC(24)(26) | Class B Units | N/A | N/A | 316 | $ | 1,512 | $ | 2,082 | — | % | ||||||||||||||||||||||||||||||||||||||||
Walker Edison Holdco LLC(24)(26) | Common Equity | N/A | N/A | 29,167 | 2,818 | 2,818 | — | % | ||||||||||||||||||||||||||||||||||||||||||
4,330 | 4,900 | — | % | |||||||||||||||||||||||||||||||||||||||||||||||
Human resource support services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)(16)(24) | Series A Preferred Stock | 10.50% PIK | N/A | 14,449 | $ | 14,170 | $ | 13,075 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||
14,170 | 13,075 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Accelerate Topco Holdings, LLC(24)(26) | Common Units | N/A | N/A | 91,805 | $ | 2,535 | $ | 2,535 | — | % | ||||||||||||||||||||||||||||||||||||||||
Evolution Parent, LP (dba SIAA)(24)(26) | LP Interest | N/A | N/A | 2,703 | 270 | 280 | — | % | ||||||||||||||||||||||||||||||||||||||||||
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(24)(26) | LP Interest | N/A | N/A | 408 | 426 | 408 | — | % | ||||||||||||||||||||||||||||||||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services)(16)(17)(19)(24) | Series A Preferred Units | 15.00% PIK | N/A | 5,254 | 5,252 | 5,254 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services)(24)(26) | Class A Unit Warrants | N/A | N/A | 1,504 | 5,129 | 5,134 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services)(24)(26) | Class A Units | N/A | N/A | 6,047,390 | 15,336 | 27,614 | 0.5 | % | ||||||||||||||||||||||||||||||||||||||||||
28,948 | 41,225 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Internet software and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(24)(26) | Common Units | N/A | N/A | 1,729,439 | $ | 1,729 | $ | 1,701 | — | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(23)(24)(26) | LP Interest | N/A | N/A | — | 987 | 987 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Elliott Alto Co-Investor Aggregator L.P.(23)(24)(26) | LP Interest | N/A | N/A | 6,530 | 6,549 | 6,530 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||
Picard Holdco, Inc.(10)(24) | Series A Preferred Stock | SR + | 12.00% PIK | N/A | 57,459 | 55,965 | 56,023 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
MessageBird Holding B.V.(23)(24)(26) | Extended Series C Warrants | N/A | N/A | 7,980 | 49 | 7 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Project Alpine Co-Invest Fund, L.P.(23)(24)(26) | LP Interest | N/A | N/A | 17,000 | 17,010 | 17,000 | 0.3 | % | ||||||||||||||||||||||||||||||||||||||||||
Thunder Topco L.P. (dba Vector Solutions)(24)(26) | Common Units | N/A | N/A | 712,884 | 713 | 730 | — | % | ||||||||||||||||||||||||||||||||||||||||||
WMC Bidco, Inc. (dba West Monroe)(16)(24) | Senior Preferred Stock | 11.25% PIK | N/A | 37,891 | 37,137 | 35,807 | 0.6 | % | ||||||||||||||||||||||||||||||||||||||||||
Project Hotel California Co-Invest Fund, L.P.(23)(24)(26) | LP Interest | N/A | N/A | 3,522 | 3,525 | 3,522 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||
BCTO WIW Holdings, Inc. (dba When I Work)(24)(26) | Class A Common Stock | N/A | N/A | 57,000 | 5,700 | 5,134 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||
Zoro TopCo, Inc. (16)(24) | Series A Preferred Stock | 12.50% PIK | N/A | 17,307 | 16,738 | 16,874 | 0.3 | % | ||||||||||||||||||||||||||||||||||||||||||
Zoro TopCo, Inc. (24)(26) | Class A Common Units | N/A | N/A | 1,380,129 | 13,801 | 13,801 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||||
159,903 | 158,116 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Manufacturing | ||||||||||||||||||||||||||||||||||||||||||||||||||
Gloves Holdings, LP (dba Protective Industrial Products)(24)(26) | LP Interest | N/A | N/A | 1,000 | $ | 100 | $ | 118 | — | % | ||||||||||||||||||||||||||||||||||||||||
100 | 118 | — | % | |||||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/non-affiliated portfolio company equity investments | $ | 696,961 | $ | 707,759 | 12.0 | % | ||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/non-affiliated portfolio company investments | $ | 11,277,576 | $ | 11,226,094 | 190.5 | % | ||||||||||||||||||||||||||||||||||||||||||||
Non-controlled/affiliated portfolio company investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Equity Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Pharmaceuticals | ||||||||||||||||||||||||||||||||||||||||||||||||||
LSI Financing 1 DAC(23)(24)(26)(30) | Preferred equity | N/A | N/A | 79,272 | $ | 79,322 | $ | 79,273 | 1.3 | % | ||||||||||||||||||||||||||||||||||||||||
79,322 | 79,273 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/affiliated portfolio company equity investments | $ | 79,322 | $ | 79,273 | 1.3 | % | ||||||||||||||||||||||||||||||||||||||||||||
Controlled/affiliated portfolio company investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Asset based lending and fund finance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amergin Asset Management, LLC(23)(24)(26)(31) | Class A Units | N/A | N/A | 50,000,000 | $ | — | $ | — | — | % | ||||||||||||||||||||||||||||||||||||||||
AAM Series 2.1 Aviation Feeder, LLC(17)(19)(23)(24)(26)(31) | LLC Interest | N/A | N/A | 2,168 | 2,169 | 2,168 | — | % | ||||||||||||||||||||||||||||||||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(17)(19)(23)(24)(26)(31) | LLC Interest | N/A | N/A | 4,036 | 4,001 | 4,036 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||
6,170 | 6,204 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Fifth Season Investments LLC(24)(26)(27)(31) | Class A Units | N/A | N/A | 28 | $ | 94,937 | $ | 94,936 | 1.6 | % | ||||||||||||||||||||||||||||||||||||||||
94,937 | 94,936 | 1.6 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Investment funds & vehicles | ||||||||||||||||||||||||||||||||||||||||||||||||||
ORCIC Senior Loan Fund LLC(23)(24)(27)(31)(33) | LLC Interest | N/A | N/A | 182,683 | $ | 182,683 | $ | 184,517 | 3.1 | % | ||||||||||||||||||||||||||||||||||||||||
182,683 | 184,517 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Total controlled/affiliated portfolio company equity investments | $ | 283,790 | $ | 285,657 | 4.8 | % | ||||||||||||||||||||||||||||||||||||||||||||
Total Investments | $ | 11,640,688 | $ | 11,591,024 | 196.6 | % |
Interest Rate Swaps as of March 31, 2023 | ||||||||||||||||||||||||||||||||||||||
Company Receives | Company Pays | Maturity Date | Notional Amount | Hedged Instrument | Footnote Reference | |||||||||||||||||||||||||||||||||
Interest rate swap | 7.75% | S+ 3.84% | 9/16/2027 | $ | 600,000 | September 2027 Notes | Note 6 | |||||||||||||||||||||||||||||||
Total | $ | 600,000 |
Portfolio Company | Investment | Acquisition Date | ||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, | LLC Interest | July 1, 2022 | ||||||||||||
AAM Series 2.1 Aviation Feeder, | LLC Interest | July 1, 2022 | ||||||||||||
Accelerate Topco Holdings, LLC | Common Units | September 1, 2022 | ||||||||||||
Amergin Asset Management, | Class A Units | July 1, 2022 | ||||||||||||
ASP Conair Holdings LP | Class A Units | May 17, 2021 | ||||||||||||
Associations Finance, Inc. | Preferred Stock | June 10, 2022 | ||||||||||||
BCTO WIW Holdings, Inc. (dba When I Work) | Class A Common Stock | November 2, 2021 | ||||||||||||
BEHP Co-Investor II, L.P. | May | |||||||||||||
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi) | Common Units | October 1, 2021 | ||||||||||||
CD&R Value Building Partners I, L.P. (dba Belron) | LP Interest | December 2, 2021 | ||||||||||||
Denali Holding LP (dba Summit Companies) | Class A Units | September | ||||||||||||
Dodge Construction Network Holdings, L.P. | Class A-2 Common Units | February 23, 2022 | ||||||||||||
Dodge Construction Network Holdings, L.P. | Series A Preferred Units | February 23, 2022 | ||||||||||||
Elliott Alto Co-Investor Aggregator L.P. | LP Interest | September | ||||||||||||
Evology LLC | Class B Units | January | ||||||||||||
Evolution Parent, LP (dba SIAA) | April 30, 2021 | |||||||||||||
Fifth Season Investments LLC** | Class A Units | October 17, 2022 | ||||||||||||
Gloves | LP Interest | December | ||||||||||||
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway) | LP Interest | December 16, 2021 | ||||||||||||
Hercules Buyer, LLC (dba The Vincit Group) | Common Units | December 15, 2020 | ||||||||||||
Hissho Sushi Holdings, LLC | Class A Units | May 17, 2022 | ||||||||||||
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC) | LP Interest | June 8, 2022 | ||||||||||||
Knockout Intermediate Holdings I Inc. (dba Kaseya) | Perpetual Preferred Stock | June | ||||||||||||
KOBHG Holdings, L.P. (dba OB Hospitalist) | Class A Interests | September 27, 2021 | ||||||||||||
KPCI Holdings, L.P. | November | |||||||||||||
LSI Financing 1 DAC** | Preferred equity | December 14, 2022 | ||||||||||||
Maia Aggregator, LP | Class A-2 Units | February 1, 2022 | ||||||||||||
MessageBird Holding B.V. | Extended Series C Warrants | |||||||||||||
Metis HoldCo, Inc. (dba Mavis Tire Express Services) | Series A Convertible Preferred Stock | May | ||||||||||||
Minerva Holdco, Inc. | Series A Preferred Stock | February | ||||||||||||
Orange Blossom Parent, Inc. | Common Equity | July 29, 2022 | ||||||||||||
ORCIC Senior Loan Fund LLC* | LLC Interest | November 2, 2022 | ||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.) | Class A Units | January 29, 2021 | ||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.) | Class B Units | January 29, 2021 | ||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services) | ||||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services) | Class A | November 1, 2021 | ||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services) | Class A Unit Warrants | February 13, 2023 | ||||||||||||
Picard Holdco, Inc. | Series A Preferred Stock | September | ||||||||||||
Project Alpine Co-Invest Fund, L.P. | LP Interest | June | ||||||||||||
Project Hotel California Co-Invest Fund, L.P. | LP Interest | August 9, 2022 | ||||||||||||
Portfolio Company | Investment | Acquisition Date | ||||||||||||
Rhea Acquisition Holdings, LP | Series A-2 Units | February 18, 2022 | ||||||||||||
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand) | Series A Preferred Stock | October 14, 2021 | ||||||||||||
Thunder Topco L.P. (dba Vector Solutions) | Common Units | June 30, 2021 | ||||||||||||
Walker Edison Holdco LLC | Common Equity | March 1, 2023 | ||||||||||||
WMC Bidco, Inc. (dba West Monroe) | Senior Preferred Stock | November | ||||||||||||
WP Irving Co-Invest, L.P. | May 18, 2022 | |||||||||||||
Zoro TopCo, Inc. | Class A Common Units | November 22, 2022 | ||||||||||||
Zoro TopCo, Inc. | Series A Preferred Stock | November 22, 2022 |
Company | Fair value as of December 31, 2021 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gain/ (Loss) | Realized Gain/(Loss) | Fair value as of September 30, 2022 | Dividend Income | Other Income | ||||||||||||||||||||||||||||||||||||||||||
Chapford SMA Partnership, L.P. | $ | — | $ | 7,032 | $ | — | $ | — | $ | — | $ | 7,032 | $ | — | $ | — | ||||||||||||||||||||||||||||||||||
Total | $ | — | $ | 7,032 | $ | — | $ | — | $ | — | $ | 7,032 | $ | — | $ | — |
Company | Fair value as of December 31, 2022 | Gross Additions(a) | Gross Reductions (b) | Net Change in Unrealized Gain/ (Loss) | Realized Gain/(Loss) | Fair value as of March 31, 2023 | Dividend Income | Other Income | ||||||||||||||||||||||||||||||||||||||||||
LSI Financing 1 DAC | $ | 6,175 | $ | 73,099 | $ | — | $ | (1) | $ | — | $ | 79,273 | $ | — | $ | — | ||||||||||||||||||||||||||||||||||
Total | $ | 6,175 | $ | 73,099 | $ | — | $ | (1) | $ | — | $ | 79,273 | $ | — | $ | — |
Company | Fair value as of December 31, 2021 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gain/ (Loss) | Realized Gain/(Loss) | Fair value as of September 30, 2022 | Dividend Income | Other Income | ||||||||||||||||||||||||||||||||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC (c) | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||||||||||
AAM Series 2.1 Aviation Feeder, LLC (c) | — | 1,368 | — | — | — | 1,368 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Total | $ | — | $ | 1,368 | $ | — | $ | — | $ | — | $ | 1,368 | $ | — | $ | — |
Company | Fair value as of December 31, 2022 | Gross Additions (a) | Gross Reductions (b) | Net Change in Unrealized Gain/ (Loss) | Realized Gain/(Loss) | Fair value as of March 31, 2023 | Dividend Income | Other Income | ||||||||||||||||||||||||||||||||||||||||||
AAM Series 2.1 Aviation Feeder, LLC (c) | $ | 1,568 | $ | 600 | $ | — | $ | — | $ | — | $ | 2,168 | $ | — | $ | — | ||||||||||||||||||||||||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC (c) | — | 4,002 | — | 34 | — | 4,036 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Fifth Season Investments LLC | 89,680 | 5,256 | — | — | — | 94,936 | — | — | ||||||||||||||||||||||||||||||||||||||||||
ORCIC Senior Loan Fund LLC | 140,394 | 40,906 | — | 3,217 | — | 184,517 | 6,097 | — | ||||||||||||||||||||||||||||||||||||||||||
Total | $ | 231,642 | $ | 50,764 | $ | — | $ | 3,251 | $ | — | $ | 285,657 | $ | 6,097 | $ | — |
Company(1)(2)(3)(25) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(20) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Non-controlled/non-affiliated portfolio company investments | |||||||||||||||||||||||||||||||||||||||||||||||
Debt Investments(5) | |||||||||||||||||||||||||||||||||||||||||||||||
Advertising and media | |||||||||||||||||||||||||||||||||||||||||||||||
Global Music Rights, LLC(8)(16) | First lien senior secured loan | L + 5.75% | 8/28/2028 | $ | 84,375 | $ | 82,754 | $ | 82,688 | 5.2 | % | ||||||||||||||||||||||||||||||||||||
Global Music Rights, LLC(13)(14)(16) | First lien senior secured revolving loan | L + 5.75% | 8/27/2027 | — | (141) | (150) | — | % | |||||||||||||||||||||||||||||||||||||||
IRI Holdings, Inc.(6)(16)(17) | First lien senior secured loan | L + 4.25% | 12/1/2025 | 4,974 | 4,980 | 4,968 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
89,349 | 87,593 | 87,506 | 5.5 | % | |||||||||||||||||||||||||||||||||||||||||||
Aerospace and Defense | |||||||||||||||||||||||||||||||||||||||||||||||
Bleriot US Bidco Inc.(8)(16)(17) | First lien senior secured loan | L + 4.00% | 10/30/2026 | 4,975 | 4,975 | 4,966 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Peraton Corp.(6)(17) | First lien senior secured loan | L + 3.75% | 2/1/2028 | 4,963 | 4,974 | 4,961 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Peraton Corp.(6)(16) | Second lien senior secured loan | L + 7.75% | 2/1/2029 | 5,000 | 4,932 | 4,975 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
14,938 | 14,881 | 14,902 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||||
Automotive | |||||||||||||||||||||||||||||||||||||||||||||||
Mavis Tire Express Services Topco Corp.(6)(17) | First lien senior secured loan | L + 4.00% | 5/4/2028 | 9,950 | 9,904 | 9,950 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
9,950 | 9,904 | 9,950 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | |||||||||||||||||||||||||||||||||||||||||||||||
Associations, Inc.(8)(16) | First lien senior secured loan | L + 6.50% (incl. 2.50% PIK) | 7/2/2027 | 121,391 | 120,001 | 120,175 | 7.5 | % | |||||||||||||||||||||||||||||||||||||||
Associations, Inc.(13)(14)(16) | First lien senior secured revolving loan | L + 6.50% | 7/2/2027 | — | (44) | (48) | — | % | |||||||||||||||||||||||||||||||||||||||
Dodge Data & Analytics LLC(9)(16) | First lien senior secured loan | L + 7.50% | 4/14/2026 | 2,149 | 2,111 | 2,213 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Dodge Data & Analytics LLC(13)(14)(16) | First lien senior secured revolving loan | L + 7.50% | 4/14/2026 | — | (2) | — | — | % | |||||||||||||||||||||||||||||||||||||||
REALPAGE, INC.(6)(16) | Second lien senior secured loan | L + 6.50% | 4/23/2029 | 2,500 | 2,465 | 2,529 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
126,040 | 124,531 | 124,869 | 7.8 | % | |||||||||||||||||||||||||||||||||||||||||||
Business services | |||||||||||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(8)(16) | First lien senior secured loan | L + 6.00% | 9/15/2028 | 97,901 | 96,587 | 96,922 | 6.1 | % | |||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(8)(13)(15)(16) | First lien senior secured delayed draw term loan | L + 6.00% | 9/15/2023 | 4,173 | 4,014 | 4,131 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(13)(14)(16) | First lien senior secured revolving loan | L + 6.00% | 9/15/2027 | — | (70) | (74) | — | % | |||||||||||||||||||||||||||||||||||||||
Diamondback Acquisition, Inc. (dba Sphera)(6)(16) | First lien senior secured loan | L + 5.50% | 9/13/2028 | 47,827 | 46,904 | 46,871 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||
Diamondback Acquisition, Inc. (dba Sphera)(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 5.50% | 9/13/2023 | — | (91) | (96) | — | % | |||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(8)(16) | First lien senior secured loan | L + 6.50% | 12/15/2026 | 816 | 805 | 816 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(8)(16) | First lien senior secured loan | L + 5.50% | 12/15/2026 | 2,215 | 2,194 | 2,193 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(13)(15)(16) | First lien senior secured delayed draw term loan | L + 5.50% | 9/10/2023 | — | — | — | — | % | |||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(13)(14)(16) | First lien senior secured revolving loan | L + 6.50% | 12/15/2026 | — | (1) | — | — | % | |||||||||||||||||||||||||||||||||||||||
Hercules Buyer, LLC (dba The Vincit Group)(16)(23)(24) | Unsecured notes | 0.48% PIK | 12/14/2029 | 24 | 24 | 24 | — | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Non-controlled/non-affiliated portfolio company investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Investments(5) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Advertising and media | ||||||||||||||||||||||||||||||||||||||||||||||||||
Global Music Rights, LLC(7) | First lien senior secured loan | L + | 5.50% | 08/2028 | $ | 83,531 | $ | 82,119 | $ | 83,530 | 1.6 | % | ||||||||||||||||||||||||||||||||||||||
Global Music Rights, LLC(7)(17)(18) | First lien senior secured revolving loan | L + | 5.75% | 08/2027 | — | (116) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
The NPD Group, L.P.(9) | First lien senior secured loan | SR + | 6.25% (2.75% PIK) | 12/2028 | 224,081 | 219,669 | 219,600 | 4.2 | % | |||||||||||||||||||||||||||||||||||||||||
The NPD Group, L.P.(9)(17) | First lien senior secured revolving loan | SR + | 5.75% | 12/2027 | 1,712 | 1,449 | 1,427 | — | % | |||||||||||||||||||||||||||||||||||||||||
309,324 | 303,121 | 304,557 | 5.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Aerospace and Defense | ||||||||||||||||||||||||||||||||||||||||||||||||||
Bleriot US Bidco Inc.(7)(22) | First lien senior secured loan | L + | 4.00% | 10/2026 | $ | 5,096 | $ | 5,095 | $ | 5,031 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||
ManTech International Corporation(10) | First lien senior secured loan | SR + | 5.75% | 09/2029 | 14,181 | 13,907 | 13,898 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
ManTech International Corporation(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 09/2024 | — | (32) | (34) | — | % | |||||||||||||||||||||||||||||||||||||||||
ManTech International Corporation(10)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 09/2028 | — | (34) | (36) | — | % | |||||||||||||||||||||||||||||||||||||||||
Peraton Corp.(6)(22) | First lien senior secured loan | L + | 3.75% | 02/2028 | 14,746 | 14,722 | 14,377 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Peraton Corp.(6)(22) | Second lien senior secured loan | L + | 7.75% | 02/2029 | 4,854 | 4,795 | 4,599 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
38,877 | 38,453 | 37,835 | 0.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Automotive | ||||||||||||||||||||||||||||||||||||||||||||||||||
Holley Inc.(7)(22) | First lien senior secured loan | L + | 3.75% | 11/2028 | $ | 2,348 | $ | 2,339 | $ | 2,027 | — | % | ||||||||||||||||||||||||||||||||||||||
Mavis Tire Express Services Topco Corp.(9)(22) | First lien senior secured loan | SR + | 4.00% | 05/2028 | 9,850 | 9,811 | 9,378 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
OAC Holdings I Corp. (dba Omega Holdings)(10) | First lien senior secured loan | SR + | 5.00% | 03/2029 | 9,142 | 8,974 | 8,867 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
OAC Holdings I Corp. (dba Omega Holdings)(10)(17) | First lien senior secured revolving loan | SR + | 5.00% | 03/2028 | 1,433 | 1,388 | 1,356 | — | % | |||||||||||||||||||||||||||||||||||||||||
Power Stop, LLC(7)(21) | First lien senior secured loan | L + | 4.75% | 01/2029 | 29,775 | 29,509 | 26,798 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC(10) | First lien senior secured loan | SR + | 6.50% | 07/2028 | 54,425 | 53,397 | 53,335 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.50% | 07/2028 | — | (27) | (29) | — | % | |||||||||||||||||||||||||||||||||||||||||
106,973 | 105,391 | 101,732 | 2.0 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Asset Based Lending and Fund Finance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Hg Genesis 9 Sumoco Limited(13)(23) | Unsecured facility | E+ | 7.00% PIK | 03/2027 | $ | 124,092 | $ | 127,414 | $ | 124,092 | 2.4 | % | ||||||||||||||||||||||||||||||||||||||
Hg Saturn LuchaCo Limited(14)(23) | Unsecured facility | S + | 7.50% PIK | 03/2026 | 1,898 | 2,144 | 1,874 | — | % | |||||||||||||||||||||||||||||||||||||||||
125,990 | 129,558 | 125,966 | 2.4 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||
Associations, Inc.(10) | First lien senior secured loan | SR + | 6.50% (2.50% PIK) | 07/2027 | $ | 104,673 | $ | 103,666 | $ | 104,412 | 2.0 | % | ||||||||||||||||||||||||||||||||||||||
Associations, Inc.(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.50% | 07/2027 | — | (36) | (12) | — | % | |||||||||||||||||||||||||||||||||||||||||
Associations, Inc.(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.50% (2.50% PIK) | 06/2024 | 4,565 | 4,024 | 4,413 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
CoreLogic Inc.(6)(22) | First lien senior secured loan | L + | 3.50% | 06/2028 | 42,056 | 41,236 | 34,962 | 0.7 | % |
Company(1)(2)(3)(25) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(20) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky)(6)(16) | First lien senior secured loan | L + 5.50% | 10/19/2028 | 76,315 | 74,824 | 74,789 | 4.7 | % | |||||||||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky)(12)(13)(15)(16) | First lien senior secured delayed draw term loan | P + 4.50% | 10/19/2023 | 4,361 | 4,233 | 4,230 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Packers Holdings, LLC(9)(17) | First lien senior secured loan | L + 3.25% | 3/9/2028 | 4,269 | 4,250 | 4,239 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
237,901 | 233,673 | 234,045 | 14.9 | % | |||||||||||||||||||||||||||||||||||||||||||
Chemicals | |||||||||||||||||||||||||||||||||||||||||||||||
Aruba Investments Holdings LLC (dba Angus Chemical Company)(9)(16) | Second lien senior secured loan | L + 7.75% | 11/24/2028 | 1,000 | 987 | 1,000 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C.(8)(16) | First lien senior secured loan | L + 6.50% | 3/30/2027 | 104,356 | 103,339 | 103,835 | 6.6 | % | |||||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C.(13)(14)(16) | First lien senior secured revolving loan | L + 6.50% | 3/30/2026 | — | (7) | (4) | — | % | |||||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C.(13)(14)(16) | First lien senior secured revolving loan | L + 6.50% | 3/30/2026 | — | (31) | (16) | — | % | |||||||||||||||||||||||||||||||||||||||
Velocity HoldCo III Inc. (dba VelocityEHS)(8)(16) | First lien senior secured loan | L + 5.75% | 4/22/2027 | 2,347 | 2,299 | 2,300 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Velocity HoldCo III Inc. (dba VelocityEHS)(13)(14)(16) | First lien senior secured revolving loan | L + 5.75% | 4/22/2026 | — | (3) | (3) | — | % | |||||||||||||||||||||||||||||||||||||||
107,703 | 106,584 | 107,112 | 6.8 | % | |||||||||||||||||||||||||||||||||||||||||||
Consumer products | |||||||||||||||||||||||||||||||||||||||||||||||
ConAir Holdings LLC(8)(16) | Second lien senior secured loan | L + 7.50% | 5/17/2029 | 32,500 | 32,003 | 32,500 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(8)(16) | First lien senior secured loan | L + 6.00% | 11/1/2027 | 76,471 | 75,537 | 75,515 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 6.00% | 11/1/2023 | — | (116) | (119) | — | % | |||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(8)(13)(16) | First lien senior secured revolving loan | L + 6.00% | 11/1/2026 | 1,912 | 1,773 | 1,768 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Olaplex, Inc.(6)(16) | First lien senior secured loan | L + 6.25% | 1/8/2026 | 968 | 960 | 968 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
111,851 | 110,157 | 110,632 | 7.1 | % | |||||||||||||||||||||||||||||||||||||||||||
Containers and packaging | |||||||||||||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging)(8)(16) | First lien senior secured loan | L + 5.75% | 10/2/2028 | 50,206 | 49,718 | 49,704 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging)(8)(13)(16) | First lien senior secured revolving loan | L + 5.75% | 9/30/2027 | 851 | 802 | 800 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
BW Holding, Inc. (dba Brook & Whittle)(8)(16) | First lien senior secured loan | L + 4.00% | 12/14/2028 | 15,816 | 15,658 | 15,658 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
BW Holding, Inc. (dba Brook & Whittle)(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 4.00% | 12/17/2023 | — | (21) | (21) | — | % | |||||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC(8)(16) | First lien senior secured loan | L + 5.50% | 10/13/2028 | 48,576 | 47,631 | 47,604 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 5.50% | 10/13/2023 | — | (191) | (197) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC(13)(14)(16) | First lien senior secured revolving loan | L + 5.50% | 10/15/2027 | — | (130) | (135) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Pregis Topco LLC(6)(16) | Second lien senior secured loan | L + 6.75% | 8/1/2029 | 30,000 | 30,000 | 30,000 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||
Pregis Topco LLC(6)(16) | Second lien senior secured loan | L + 8.00% | 8/1/2029 | 2,500 | 2,500 | 2,500 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Ring Container Technologies Group, LLC(6)(16)(17) | First lien senior secured loan | L + 3.75% | 8/12/2028 | 5,000 | 4,988 | 5,005 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
152,949 | 150,955 | 150,918 | 9.6 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Dodge Construction Network, LLC(11) | First lien senior secured loan | SR + | 4.75% | 02/2029 | 17,114 | 16,878 | 14,547 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
RealPage, Inc.(6)(21)(22) | First lien senior secured loan | L + | 3.00% | 04/2028 | 14,203 | 14,187 | 13,478 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
RealPage, Inc.(6) | Second lien senior secured loan | L + | 6.50% | 04/2029 | 27,500 | 27,146 | 26,330 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Wrench Group LLC(7) | First lien senior secured loan | L + | 4.00% | 04/2026 | 10,545 | 10,410 | 10,176 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
220,656 | 217,511 | 208,306 | 4.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Business services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Access CIG, LLC(6) | Second lien senior secured loan | L + | 7.75% | 02/2026 | $ | 2,385 | $ | 2,379 | $ | 2,373 | — | % | ||||||||||||||||||||||||||||||||||||||
BrightView Landscapes, LLC(9)(21)(22) | First lien senior secured loan | SR + | 3.25% | 04/2029 | 9,353 | 9,029 | 8,979 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
ConnectWise, LLC(6)(22) | First lien senior secured loan | L + | 3.50% | 09/2028 | 30,003 | 30,065 | 28,436 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC(10) | First lien senior secured loan | SR + | 6.75% | 10/2029 | 97,393 | 95,495 | 95,445 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.75% | 09/2024 | — | (68) | (71) | — | % | |||||||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.75% | 10/2029 | — | (269) | (284) | — | % | |||||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(7) | First lien senior secured loan | L + | 5.75% | 09/2028 | 131,499 | 129,752 | 130,184 | 2.5 | % | |||||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(7) | First lien senior secured loan | L + | 5.75% | 09/2028 | 35,205 | 34,470 | 34,853 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(7)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.75% | 09/2023 | 27,343 | 26,953 | 27,070 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies)(7)(17)(18) | First lien senior secured revolving loan | L + | 5.75% | 09/2027 | — | (101) | (100) | — | % | |||||||||||||||||||||||||||||||||||||||||
Diamondback Acquisition, Inc. (dba Sphera)(6) | First lien senior secured loan | L + | 5.50% | 09/2028 | 47,348 | 46,544 | 46,874 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Diamondback Acquisition, Inc. (dba Sphera)(6)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 5.50% | 09/2023 | — | (78) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Entertainment Benefits Group, LLC(9) | First lien senior secured loan | SR + | 4.75% | 05/2028 | 75,023 | 74,343 | 75,023 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Entertainment Benefits Group, LLC(9)(17) | First lien senior secured revolving loan | SR + | 4.75% | 04/2027 | 7,733 | 7,633 | 7,733 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Fullsteam Operations, LLC(7)(17)(19) | First lien senior secured delayed draw term loan | L + | 7.50% (3.00% PIK) | 05/2024 | 48,970 | 47,520 | 47,953 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(7) | First lien senior secured loan | L + | 6.50% | 12/2026 | 808 | 799 | 806 | — | % | |||||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(7) | First lien senior secured loan | L + | 5.50% | 12/2026 | 2,193 | 2,176 | 2,155 | — | % | |||||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(7)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.50% | 09/2023 | 10,346 | 10,258 | 10,091 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group)(8)(17) | First lien senior secured revolving loan | L + | 6.50% | 12/2026 | 10 | 9 | 10 | — | % | |||||||||||||||||||||||||||||||||||||||||
Hercules Buyer, LLC (dba The Vincit Group)(16)(28) | Unsecured notes | 0.48% PIK | 12/2029 | 24 | 24 | 24 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Kaseya Inc.(10) | First lien senior secured loan | SR + | 5.75% | 06/2029 | 71,717 | 70,363 | 71,000 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Kaseya Inc.(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 06/2024 | — | (40) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Kaseya Inc.(10)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 06/2029 | — | (80) | (43) | — | % |
Company(1)(2)(3)(25) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(20) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Distribution | |||||||||||||||||||||||||||||||||||||||||||||||
Dealer Tire, LLC(6)(16)(17) | First lien senior secured loan | L + 4.25% | 12/12/2025 | 5,077 | 5,086 | 5,069 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(9)(16) | First lien senior secured loan | L + 6.25% | 11/21/2025 | 44,758 | 44,324 | 44,534 | 2.8 | % | |||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(9)(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 6.25% | 6/30/2022 | 70 | (73) | (5) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(6)(13)(16) | First lien senior secured revolving loan | L + 6.25% | 11/22/2024 | 4 | 3 | 3 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
SRS Distribution, Inc.(9)(16)(17) | First lien senior secured loan | L + 3.75% | 6/2/2028 | 4,988 | 4,953 | 4,972 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
54,897 | 54,293 | 54,573 | 3.4 | % | |||||||||||||||||||||||||||||||||||||||||||
Education | |||||||||||||||||||||||||||||||||||||||||||||||
Pluralsight, LLC(9)(16) | First lien senior secured loan | L + 8.00% | 4/6/2027 | 6,255 | 6,196 | 6,191 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Pluralsight, LLC(13)(14)(16) | First lien senior secured revolving loan | L + 8.00% | 4/6/2027 | — | (3) | (4) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
6,255 | 6,193 | 6,187 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||||
Financial services | |||||||||||||||||||||||||||||||||||||||||||||||
AxiomSL Group, Inc.(8)(16) | First lien senior secured loan | L + 6.00% | 12/3/2027 | 35,185 | 34,846 | 34,921 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||
AxiomSL Group, Inc.(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 6.00% | 7/21/2023 | — | (10) | — | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
AxiomSL Group, Inc.(13)(14)(16) | First lien senior secured revolving loan | L + 6.00% | 12/3/2025 | — | (24) | (19) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Hg Saturn Luchaco Limited(11)(16)(18) | Unsecured facility | S + 7.50% PIK | 3/30/2026 | 2,114 | 2,140 | 2,092 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Muine Gall, LLC(9)(16)(18)(22) | First lien senior secured loan | L + 7.00% PIK | 9/21/2024 | 86,771 | 86,891 | 86,771 | 5.5 | ||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(16) | First lien senior secured loan | L + 5.75% | 9/6/2025 | 8,559 | 8,478 | 8,504 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(13)(15)(16) | First lien senior secured delayed draw term loan | L + 5.75% | 10/2/2023 | 1,680 | 1,646 | 1,669 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(13)(14)(16) | First lien senior secured revolving loan | L + 5.75% | 9/6/2025 | — | (8) | (4) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
134,309 | 133,959 | 133,934 | 8.4 | % | |||||||||||||||||||||||||||||||||||||||||||
Food and beverage | |||||||||||||||||||||||||||||||||||||||||||||||
Balrog Acquisition, Inc. (dba Bakemark)(9)(16) | First lien senior secured loan | L + 4.00% | 9/5/2028 | 14,000 | 13,860 | 13,965 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||
Balrog Acquisition, Inc. (dba Bakemark)(9)(16) | Second lien senior secured loan | L + 7.00% | 9/3/2029 | 6,000 | 5,951 | 5,950 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Shearer's Foods, LLC(6)(16)(17) | First lien senior secured loan | L + 3.50% | 9/23/2027 | 4,920 | 4,920 | 4,900 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Sovos Brands Intermediate, Inc.(8)(16)(17) | First lien senior secured loan | L + 3.75% | 6/8/2028 | 4,145 | 4,135 | 4,139 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Ultimate Baked Goods Midco, LLC(6)(16) | First lien senior secured loan | L + 6.25% | 8/13/2027 | 16,500 | 16,109 | 16,087 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||
Ultimate Baked Goods Midco, LLC(12)(13)(16) | First lien senior secured revolving loan | P + 6.25% | 8/13/2027 | 1,050 | 1,003 | 1,000 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
46,615 | 45,978 | 46,041 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | |||||||||||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(10)(16) | First lien senior secured loan | C + 4.25% | 4/14/2028 | 3,530 | 3,509 | 3,486 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(13)(14)(15)(16) | First lien senior secured delayed draw term loan | C + 4.50% | 4/15/2023 | — | (6) | (12) | 0.0 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky)(6) | First lien senior secured loan | L + | 5.50% | 10/2028 | 84,239 | 82,789 | 82,133 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky)(15)(17)(19) | First lien senior secured delayed draw term loan | P + | 4.50% | 06/2024 | 2,363 | 2,167 | 2,055 | — | % | |||||||||||||||||||||||||||||||||||||||||
Packers Holdings, LLC(6)(22) | First lien senior secured loan | L + | 3.25% | 03/2028 | 34,003 | 33,860 | 29,583 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Ping Identity Holding Corp.(9) | First lien senior secured loan | SR + | 7.00% | 10/2029 | 21,818 | 21,498 | 21,491 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Ping Identity Holding Corp.(9)(17)(18) | First lien senior secured revolving loan | SR + | 7.00% | 10/2028 | — | (32) | (33) | — | % | |||||||||||||||||||||||||||||||||||||||||
739,776 | 727,458 | 723,740 | 13.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Chemicals | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aruba Investments Holdings LLC (dba Angus Chemical Company)(6) | First lien senior secured loan | L + | 3.75% | 11/2027 | $ | 12,902 | $ | 12,696 | $ | 12,515 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(6) | Second lien senior secured loan | L + | 7.75% | 11/2028 | 40,137 | 40,125 | 39,535 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
Douglas Products and Packaging Company LLC(9) | First lien senior secured loan | SR + | 7.00% | 06/2025 | 24,432 | 24,193 | 24,188 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Douglas Products and Packaging Company LLC(17)(18) | First lien senior secured revolving loan | SR + | 7.00% | 06/2025 | — | (31) | (32) | — | % | |||||||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C.(7) | First lien senior secured loan | L + | 6.50% | 03/2027 | 103,309 | 102,462 | 103,309 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C.(7)(17)(18) | First lien senior secured revolving loan | L + | 6.00% | 03/2026 | — | (29) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Velocity HoldCo III Inc. (dba VelocityEHS)(8) | First lien senior secured loan | L + | 5.75% | 04/2027 | 2,323 | 2,283 | 2,323 | — | % | |||||||||||||||||||||||||||||||||||||||||
Velocity HoldCo III Inc. (dba VelocityEHS)(6)(17) | First lien senior secured revolving loan | L + | 5.75% | 04/2026 | 28 | 26 | 28 | — | % | |||||||||||||||||||||||||||||||||||||||||
183,131 | 181,725 | 181,866 | 3.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Consumer products | ||||||||||||||||||||||||||||||||||||||||||||||||||
ConAir Holdings LLC(7) | Second lien senior secured loan | L + | 7.50% | 05/2029 | $ | 32,500 | $ | 32,051 | $ | 29,575 | 0.6 | % | ||||||||||||||||||||||||||||||||||||||
Foundation Consumer Brands, LLC(7) | First lien senior secured loan | L + | 5.50% | 02/2027 | 49,710 | 49,722 | 49,585 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(7) | First lien senior secured loan | L + | 6.00% | 11/2027 | 75,706 | 74,909 | 74,192 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(7)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 6.00% | 11/2023 | — | (96) | (191) | — | % | |||||||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp.(6)(17) | First lien senior secured revolving loan | L + | 6.00% | 10/2026 | 6,882 | 6,772 | 6,653 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Olaplex, Inc.(9)(23) | First lien senior secured loan | SR + | 3.50% | 02/2029 | 40,473 | 40,335 | 38,045 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen)(11) | First lien senior secured loan | SR + | 5.25% | 03/2029 | 59,674 | 58,613 | 57,884 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen)(9)(17) | First lien senior secured revolving loan | SR + | 5.25% | 03/2029 | 1,953 | 1,854 | 1,785 | — | % | |||||||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen)(11)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.25% | 03/2024 | — | (123) | (279) | — | % | |||||||||||||||||||||||||||||||||||||||||
266,898 | 264,037 | 257,249 | 4.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Containers and packaging | ||||||||||||||||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging)(9) | First lien senior secured loan | SR + | 6.25% | 10/2028 | $ | 49,704 | $ | 49,278 | $ | 49,331 | 0.9 | % | ||||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging)(9)(17)(18) | First lien senior secured revolving loan | SR + | 6.25% | 09/2027 | — | (40) | (38) | — | % | |||||||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging)(9) | First lien senior secured loan | SR + | 6.25% | 09/2028 | 30,694 | 30,096 | 30,464 | 0.6 | % |
Company(1)(2)(3)(25) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(20) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(10)(13)(16) | First lien senior secured revolving loan | C + 4.25% | 4/15/2027 | 82 | 75 | 69 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(6)(16)(17) | First lien senior secured loan | L + 3.25% | 10/23/2028 | 25,000 | 24,880 | 24,990 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(13)(14)(16) | First lien senior secured revolving loan | L + 3.25% | 10/21/2026 | — | (44) | (45) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Packaging Coordinators Midco, Inc.(8)(16) | Second lien senior secured loan | L + 7.00% | 12/13/2029 | 53,918 | 52,247 | 52,840 | 3.3 | % | |||||||||||||||||||||||||||||||||||||||
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(7)(16) | First lien senior secured loan | L + 6.75% | 1/31/2028 | 42,462 | 41,832 | 41,932 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(13)(14)(16) | First lien senior secured revolving loan | L + 6.75% | 1/29/2026 | — | (1) | (1) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
124,992 | 122,492 | 123,259 | 7.7 | % | |||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | |||||||||||||||||||||||||||||||||||||||||||||||
Ex Vivo Parent Inc. (dba OB Hospitalist)(8)(16) | First lien senior secured loan | L + 9.50% PIK | 9/27/2028 | 30,503 | 29,909 | 29,893 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||
OB Hospitalist Group, Inc.(8)(16) | First lien senior secured loan | L + 5.50% | 9/27/2027 | 61,657 | 60,469 | 60,424 | 3.8 | % | |||||||||||||||||||||||||||||||||||||||
OB Hospitalist Group, Inc.(6)(13)(16) | First lien senior secured revolving loan | L + 5.50% | 9/27/2027 | 853 | 700 | 693 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Phoenix Newco, Inc. (dba Parexel)(6)(16)(17) | First lien senior secured loan | L + 3.50% | 11/15/2028 | 27,500 | 27,363 | 27,489 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||
Phoenix Newco, Inc. (dba Parexel)(6)(16) | Second lien senior secured loan | L + 6.50% | 11/15/2029 | 135,000 | 133,666 | 133,650 | 8.5 | % | |||||||||||||||||||||||||||||||||||||||
Quva Pharma, Inc.(9)(16) | First lien senior secured loan | L + 5.50% | 4/12/2028 | 4,534 | 4,409 | 4,409 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Quva Pharma, Inc.(13)(14)(16) | First lien senior secured revolving loan | L + 5.50% | 4/10/2026 | — | (12) | (13) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Refresh Parent Holdings, Inc.(8)(16) | First lien senior secured loan | L + 6.50% | 12/9/2026 | 7,836 | 7,756 | 7,778 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Refresh Parent Holdings, Inc.(8)(13)(15)(16) | First lien senior secured delayed draw term loan | L + 6.50% | 6/9/2022 | 380 | 375 | 377 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Refresh Parent Holdings, Inc.(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 6.50% | 5/17/2023 | — | (104) | (80) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Refresh Parent Holdings, Inc.(8)(13)(16) | First lien senior secured revolving loan | P + 6.50% | 12/9/2026 | 52 | 50 | 51 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
268,315 | 264,581 | 264,671 | 16.7 | % | |||||||||||||||||||||||||||||||||||||||||||
Healthcare technology | |||||||||||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(9)(16) | First lien senior secured loan | L + 5.75% | 8/23/2028 | 54,310 | 53,480 | 53,441 | 3.4 | % | |||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 5.75% | 8/23/2023 | — | (223) | (147) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(13)(14)(16) | First lien senior secured revolving loan | L + 5.75% | 8/21/2026 | — | (69) | (74) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(8)(16) | First lien senior secured loan | L + 6.00% | 10/30/2028 | 18,238 | 17,881 | 17,873 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 6.00% | 10/29/2023 | — | (27) | (28) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(13)(14)(16) | First lien senior secured revolving loan | L + 6.00% | 10/29/2027 | — | (32) | (33) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Inovalon Holdings, Inc.(8)(16) | First lien senior secured loan | L + 5.75% | 11/24/2028 | 79,270 | 77,313 | 77,289 | 4.9 | % | |||||||||||||||||||||||||||||||||||||||
Inovalon Holdings, Inc.(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 5.75% | 5/24/2024 | — | (104) | (106) | 0.0 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Berlin Packaging L.L.C.(6)(21)(22) | First lien senior secured loan | L + | 3.75% | 03/2028 | 15,009 | 14,628 | 14,412 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
BW Holding, Inc.(10) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 14,076 | 13,907 | 12,950 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Charter NEX US, Inc.(6)(21)(22) | First lien senior secured loan | L + | 3.75% | 12/2027 | 34,957 | 34,477 | 33,898 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Five Star Lower Holding LLC(11) | First lien senior secured loan | SR + | 4.25% | 05/2029 | 21,820 | 21,539 | 21,275 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC(7) | First lien senior secured loan | L + | 5.50% | 10/2028 | 67,451 | 66,277 | 65,596 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC(7)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 5.50% | 10/2023 | — | (4) | (3) | — | % | |||||||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC(8)(17) | First lien senior secured revolving loan | L + | 5.50% | 10/2027 | 900 | 792 | 714 | — | % | |||||||||||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10) | First lien senior secured loan | SR + | 5.75% | 05/2028 | 82,137 | 81,386 | 82,137 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 05/2024 | — | — | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)(17) | First lien senior secured revolving loan | SR + | 5.75% | 05/2028 | 2,117 | 2,003 | 2,117 | — | % | |||||||||||||||||||||||||||||||||||||||||
Pregis Topco LLC(10)(21)(22) | First lien senior secured loan | SR + | 3.75% | 07/2026 | 4,987 | 4,928 | 4,838 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Pregis Topco LLC(6) | Second lien senior secured loan | L + | 6.75% | 08/2029 | 30,000 | 29,999 | 29,625 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Pregis Topco LLC(6) | Second lien senior secured loan | L + | 7.75% | 08/2029 | 2,500 | 2,500 | 2,488 | — | % | |||||||||||||||||||||||||||||||||||||||||
Ring Container Technologies Group, LLC(6)(22) | First lien senior secured loan | L + | 3.50% | 08/2028 | 16,250 | 16,202 | 16,007 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Tricorbraun Holdings, Inc.(6)(21)(22) | First lien senior secured loan | L + | 3.25% | 03/2028 | 15,886 | 15,511 | 15,123 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
388,488 | 383,479 | 380,934 | 7.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Distribution | ||||||||||||||||||||||||||||||||||||||||||||||||||
ABB/Con-cise Optical Group LLC(8) | First lien senior secured loan | L + | 7.50% | 02/2028 | $ | 35,206 | $ | 34,736 | $ | 35,117 | 0.7 | % | ||||||||||||||||||||||||||||||||||||||
ABB/Con-cise Optical Group LLC(8)(17) | First lien senior secured revolving loan | L + | 7.50% | 02/2028 | 3,510 | 3,463 | 3,501 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(9)(22) | First lien senior secured loan | SR + | 4.63% | 06/2026 | 31,823 | 30,838 | 30,869 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Dealer Tire, LLC(9) | First lien senior secured loan | SR + | 4.50% | 12/2025 | 5,048 | 5,055 | 4,973 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Dealer Tire, LLC(16)(21) | Unsecured notes | 8.00% | 02/2028 | 56,120 | 54,928 | 47,842 | 0.9 | % | ||||||||||||||||||||||||||||||||||||||||||
Formerra, LLC(10) | First lien senior secured loan | SR + | 7.25% | 11/2028 | 5,250 | 5,083 | 5,079 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Formerra, LLC(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 7.25% | 11/2023 | — | (3) | (3) | — | % | |||||||||||||||||||||||||||||||||||||||||
Formerra, LLC(10)(17)(18) | First lien senior secured revolving loan | SR + | 7.25% | 11/2028 | — | (17) | (17) | — | % | |||||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(10) | First lien senior secured loan | SR + | 6.25% | 11/2025 | 1,292 | 1,279 | 1,288 | — | % | |||||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(7) | First lien senior secured loan | L + | 6.25% | 11/2025 | 62,804 | 62,341 | 62,648 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(10) | First lien senior secured loan | SR + | 6.75% | 11/2025 | 1,952 | 1,933 | 1,952 | — | % | |||||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(7)(17)(19) | First lien senior secured delayed draw term loan | L + | 6.25% | 11/2023 | 18,151 | 17,847 | 18,059 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.75% | 12/2023 | — | (80) | — | — | % |
Company(1)(2)(3)(25) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(20) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Inovalon Holdings, Inc.(8)(16) | Second lien senior secured loan | L + 10.50% PIK | 11/24/2033 | 37,761 | 37,009 | 37,005 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(8)(16)(18) | First lien senior secured loan | L + 6.25% | 8/21/2026 | 28,855 | 28,506 | 28,783 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(8)(13)(16)(18) | First lien senior secured revolving loan | L + 6.25% | 8/21/2026 | 744 | 744 | 741 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Project Ruby Ultimate Parent Corp. (dba Wellsky)(6)(16)(17) | First lien senior secured loan | L + 3.25% | 3/10/2028 | 4,466 | 4,446 | 4,459 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
223,644 | 218,924 | 219,203 | 13.8 | % | |||||||||||||||||||||||||||||||||||||||||||
Household products | |||||||||||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(8)(16) | First lien senior secured loan | L + 4.50% | 10/1/2027 | 1,090 | 1,074 | 1,074 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(8)(13)(15)(16) | First lien senior secured delayed draw term loan | L + 4.50% | 10/1/2023 | 76 | 60 | 59 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(13)(14)(16) | First lien senior secured revolving loan | L + 4.50% | 10/1/2027 | — | (4) | (4) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Walker Edison Furniture Company LLC(8)(16) | First lien senior secured loan | L + 8.75% (incl. 3.00% PIK) | 3/31/2027 | 9,994 | 9,994 | 9,494 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
11,160 | 11,124 | 10,623 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||||
Human resource support services | |||||||||||||||||||||||||||||||||||||||||||||||
Cornerstone OnDemand, Inc.(8)(17) | First lien senior secured loan | L + 3.75% | 10/16/2028 | 20,000 | 19,902 | 19,922 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||
Cornerstone OnDemand, Inc.(9)(16) | Second lien senior secured loan | L + 6.50% | 10/15/2029 | 44,583 | 43,927 | 43,915 | 2.8 | % | |||||||||||||||||||||||||||||||||||||||
IG Investments Holdings, LLC (dba Insight Global)(8)(16) | First lien senior secured loan | L + 6.00% | 9/22/2028 | 46,271 | 45,377 | 45,462 | 2.9 | % | |||||||||||||||||||||||||||||||||||||||
IG Investments Holdings, LLC (dba Insight Global)(6)(13)(16) | First lien senior secured revolving loan | L + 6.00% | 9/22/2027 | 1,806 | 1,737 | 1,743 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
112,660 | 110,943 | 111,042 | 7.1 | % | |||||||||||||||||||||||||||||||||||||||||||
Infrastructure and environmental services | |||||||||||||||||||||||||||||||||||||||||||||||
Aegion Corporation(8) | First lien senior secured loan | L + 4.75% | 5/17/2028 | 4,988 | 4,965 | 5,003 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6)(17) | First lien senior secured loan | L + 3.50% | 5/12/2028 | 4,988 | 4,965 | 4,976 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6)(16) | Second lien senior secured loan | L + 6.50% | 5/14/2029 | 18,000 | 17,831 | 17,865 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
27,976 | 27,761 | 27,844 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||||||
Insurance | |||||||||||||||||||||||||||||||||||||||||||||||
Alera Group, Inc.(6)(16) | First lien senior secured loan | L + 5.50% | 10/2/2028 | 81,567 | 79,786 | 79,731 | 5.0 | % | |||||||||||||||||||||||||||||||||||||||
Alera Group, Inc.(6)(13)(15)(16) | First lien senior secured delayed draw term loan | L + 5.50% | 10/2/2023 | 22,412 | 21,449 | 21,316 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(6)(17) | First lien senior secured loan | L + 3.50% | 2/12/2027 | 7,960 | 7,960 | 7,940 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Asurion, LLC(6)(16)(17) | Second lien senior secured loan | L + 5.25% | 1/22/2029 | 48,000 | 47,543 | 47,770 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||
Brightway Holdings, LLC(8)(16) | First lien senior secured loan | L + 6.50% | 12/15/2027 | 17,895 | 17,672 | 17,671 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||
Brightway Holdings, LLC(13)(14) | First lien senior secured revolving loan | L + 6.50% | 12/15/2027 | — | (26) | (26) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(8)(16) | First lien senior secured loan | L + 6.25% | 4/28/2028 | 9,031 | 8,911 | 8,918 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(8)(13)(15)(16) | First lien senior secured delayed draw term loan | L + 6.25% | 4/28/2023 | 6,895 | 6,652 | 6,784 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(13)(14)(16) | First lien senior secured revolving loan | L + 6.25% | 4/30/2027 | — | (9) | (8) | 0.0 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.25% | 11/2024 | — | (1) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
SRS Distribution, Inc.(6)(22) | First lien senior secured loan | L + | 3.50% | 06/2028 | 24,139 | 23,899 | 23,052 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
White Cap Supply Holdings, LLC(9)(21)(22) | First lien senior secured loan | SR + | 3.75% | 10/2027 | 11,614 | 11,169 | 11,212 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
256,909 | 252,470 | 245,572 | 4.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Education | ||||||||||||||||||||||||||||||||||||||||||||||||||
CIG Emerald Holding LLC(10)(23) | First lien senior secured loan | SR + | 6.50% | 06/2027 | $ | 78,000 | $ | 77,124 | $ | 77,609 | 1.5 | % | ||||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC(9) | First lien senior secured loan | SR + | 5.75% | 02/2028 | 31,636 | 31,083 | 31,161 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 02/2024 | — | (32) | (19) | — | % | |||||||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 02/2028 | — | (32) | (28) | — | % | |||||||||||||||||||||||||||||||||||||||||
Severin Acquisition, LLC (dba Powerschool)(10)(22) | First lien senior secured loan | SR + | 3.00% | 08/2025 | 14,858 | 14,844 | 14,747 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Sophia, L.P.(9) | First lien senior secured loan | SR + | 4.25% | 10/2027 | 15,113 | 14,978 | 15,075 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Pluralsight, LLC(7) | First lien senior secured loan | L + | 8.00% | 04/2027 | 6,255 | 6,192 | 6,161 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Pluralsight, LLC(6)(17) | First lien senior secured revolving loan | L + | 8.00% | 04/2027 | 196 | 192 | 190 | — | % | |||||||||||||||||||||||||||||||||||||||||
146,058 | 144,349 | 144,896 | 2.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Energy equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Pike Corp.(6)(21)(22) | First lien senior secured loan | L + | 3.00% | 01/2028 | $ | 5,991 | $ | 5,976 | $ | 5,900 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||
5,991 | 5,976 | 5,900 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Financial services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Acuris Finance US, Inc. (ION Analytics) (10)(21)(22) | First lien senior secured loan | SR + | 4.00% | 02/2028 | $ | 10,500 | $ | 10,429 | $ | 10,304 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||
AxiomSL Group, Inc.(6) | First lien senior secured loan | L + | 5.75% | 12/2027 | 34,831 | 34,540 | 34,309 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
AxiomSL Group, Inc.(6)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 6.00% | 07/2023 | — | (8) | (11) | — | % | |||||||||||||||||||||||||||||||||||||||||
AxiomSL Group, Inc.(6)(17)(18) | First lien senior secured revolving loan | L + | 6.50% | 12/2025 | — | (18) | (39) | — | % | |||||||||||||||||||||||||||||||||||||||||
Computer Services, Inc. (dba CSI)(10) | First lien senior secured loan | SR + | 6.75% | 11/2029 | 30,500 | 29,898 | 29,890 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Muine Gall, LLC(8)(23)(27) | First lien senior secured loan | L + | 7.00% PIK | 09/2024 | 94,583 | 95,126 | 92,218 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6) | First lien senior secured loan | L + | 5.75% | 09/2025 | 5,671 | 5,631 | 5,600 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6) | First lien senior secured loan | L + | 5.75% | 09/2025 | 2,143 | 2,128 | 2,117 | — | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6) | First lien senior secured loan | L + | 5.75% | 09/2025 | 150 | 149 | 149 | — | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6) | First lien senior secured loan | L + | 5.75% | 09/2025 | 508 | 504 | 502 | — | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.75% | 10/2023 | 1,999 | 1,975 | 1,969 | — | % | |||||||||||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(17)(18) | First lien senior secured revolving loan | L + | 5.75% | 09/2025 | — | (6) | (7) | — | % | |||||||||||||||||||||||||||||||||||||||||
Smarsh Inc.(11) | First lien senior secured loan | SR + | 6.50% | 02/2029 | 83,048 | 82,296 | 82,217 | 1.6 | % |
Company(1)(2)(3)(25) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(20) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(8)(16) | First lien senior secured loan | L + 9.50% PIK | 7/24/2028 | 12,348 | 12,113 | 12,101 | $0.8 | % | |||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(9)(16) | First lien senior secured loan | L + 6.00% | 11/1/2028 | 45,235 | 44,791 | 44,782 | 2.8 | % | |||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(9)(13)(15)(16) | First lien senior secured delayed draw term loan D | L + 6.00% | 5/1/2023 | 7,986 | 7,907 | 7,906 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(13)(14)(16) | First lien senior secured revolving loan | L + 6.00% | 11/1/2027 | — | (25) | (26) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
PCF Midco II, LLC (dba PCF Insurance Services)(16)(24) | First lien senior secured loan | 9.00% PIK | 10/31/2031 | 44,340 | 40,169 | 40,128 | 2.5 | % | |||||||||||||||||||||||||||||||||||||||
TEMPO BUYER CORP. (dba Global Claims Services)(8)(16) | First lien senior secured loan | L + 5.50% | 8/26/2028 | 36,524 | 35,823 | 35,793 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||
TEMPO BUYER CORP. (dba Global Claims Services)(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 5.50% | 8/26/2023 | — | (98) | (103) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
TEMPO BUYER CORP. (dba Global Claims Services)(13)(14)(16) | First lien senior secured revolving loan | L + 5.50% | 8/26/2027 | — | (97) | (103) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(8)(16) | First lien senior secured loan | L + 5.50% | 7/23/2027 | 15,055 | 14,771 | 14,754 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(8)(13)(14)(16) | First lien senior secured revolving loan | L + 5.50% | 7/23/2027 | 18 | (2) | (4) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions)(6)(16) | First lien senior secured loan | L + 5.25% | 12/22/2028 | 24,585 | 24,218 | 24,218 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions)(12)(13)(16) | First lien senior secured revolving loan | P + 4.25% | 12/22/2027 | 341 | 290 | 290 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
380,192 | 369,798 | 369,832 | 23.2 | % | |||||||||||||||||||||||||||||||||||||||||||
Internet software and services | |||||||||||||||||||||||||||||||||||||||||||||||
Bayshore Intermediate #2, L.P. (dba Boomi)(8)(16) | First lien senior secured loan | L + 7.75% PIK | 10/2/2028 | 19,121 | 18,702 | 18,690 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||
Bayshore Intermediate #2, L.P. (dba Boomi)(13)(14)(16) | First lien senior secured revolving loan | L + 6.75% | 10/1/2027 | — | (34) | (36) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
BCPE Nucleon (DE) SPV, LP(9)(16) | First lien senior secured loan | L + 7.00% | 9/24/2026 | 1,333 | 1,316 | 1,327 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
BCTO BSI Buyer, Inc. (dba Buildertrend)(8)(16) | First lien senior secured loan | L + 7.00% | 12/23/2026 | 893 | 885 | 888 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
BCTO BSI Buyer, Inc. (dba Buildertrend)(8)(13)(16) | First lien senior secured revolving loan | L + 7.00% | 12/23/2026 | 60 | 59 | 60 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
CivicPlus, LLC(8)(16) | First lien senior secured loan | L + 6.00% | 8/24/2027 | 9,387 | 9,297 | 9,293 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
CivicPlus, LLC(13)(15)(16) | First lien senior secured delayed draw term loan | L + 6.00% | 8/24/2023 | — | — | — | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
CivicPlus, LLC(13)(14)(16) | First lien senior secured revolving loan | L + 6.00% | 8/24/2027 | — | (8) | (9) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
EET Buyer, Inc. (dba e-Emphasys)(8)(16) | First lien senior secured loan | L + 5.75% | 11/8/2027 | 19,545 | 19,355 | 19,350 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||
EET Buyer, Inc. (dba e-Emphasys)(13)(14)(16) | First lien senior secured revolving loan | L + 5.75% | 11/8/2027 | — | (19) | (20) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc.(8)(16) | First lien senior secured loan | L + 5.50% | 8/4/2027 | 8,346 | 8,149 | 8,137 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc.(6)(13)(15)(16) | First lien senior secured delayed draw term loan | L + 5.50% | 8/4/2023 | 1,883 | 1,827 | 1,825 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc.(13)(14)(16) | First lien senior secured revolving loan | L + 5.50% | 8/4/2027 | — | (21) | (22) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(8)(16) | First lien senior secured loan | L + 6.50% | 1/29/2027 | 1,830 | 1,792 | 1,798 | 0.1 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Smarsh Inc.(11)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.50% | 02/2024 | 10,381 | 10,188 | 10,277 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Smarsh Inc.(11)(17)(18) | First lien senior secured revolving loan | SR + | 6.50% | 02/2029 | — | (45) | (52) | — | % | |||||||||||||||||||||||||||||||||||||||||
274,314 | 272,787 | 269,443 | 5.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Food and beverage | ||||||||||||||||||||||||||||||||||||||||||||||||||
Balrog Acquisition, Inc. (dba Bakemark)(7) | First lien senior secured loan | L + | 4.00% | 09/2028 | $ | 13,860 | $ | 13,739 | $ | 13,548 | 0.3 | % | ||||||||||||||||||||||||||||||||||||||
Balrog Acquisition, Inc. (dba BakeMark)(7) | Second lien senior secured loan | L + | 7.00% | 09/2029 | 6,000 | 5,956 | 5,940 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
CFS Brands, LLC(8) | First lien senior secured loan | L + | 3.00% | 03/2025 | 44,294 | 43,100 | 41,858 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
Dessert Holdings(7) | First lien senior secured loan | L + | 4.00% | 06/2028 | 19,800 | 19,712 | 18,315 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Hissho Sushi Merger Sub LLC(10) | First lien senior secured loan | SR + | 5.75% | 05/2028 | 113,118 | 112,079 | 112,835 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
Hissho Sushi Merger Sub LLC(10)(17) | First lien senior secured revolving loan | SR + | 5.75% | 05/2028 | 1,749 | 1,671 | 1,727 | — | % | |||||||||||||||||||||||||||||||||||||||||
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(9) | First lien senior secured loan | SR + | 6.25% | 03/2027 | 275,000 | 270,490 | 269,500 | 5.1 | % | |||||||||||||||||||||||||||||||||||||||||
KBP Brands, LLC(10) | First lien senior secured loan | SR + | 6.50% (0.50% PIK) | 05/2027 | 14,690 | 14,530 | 14,360 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
KBP Brands, LLC(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.00% (0.50% PIK) | 12/2023 | 33,381 | 33,019 | 32,614 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Naked Juice LLC (dba Tropicana)(10)(22) | First lien senior secured loan | SR + | 3.25% | 01/2029 | 14,302 | 14,277 | 12,756 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Ole Smoky Distillery, LLC(9) | First lien senior secured loan | SR + | 5.25% | 03/2028 | 24,909 | 24,463 | 24,411 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Ole Smoky Distillery, LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.25% | 03/2028 | — | (58) | (66) | — | % | |||||||||||||||||||||||||||||||||||||||||
Pegasus BidCo B.V.(10)(21)(23) | First lien senior secured loan | SR + | 4.25% | 07/2029 | 5,500 | 5,448 | 5,321 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Shearer's Foods, LLC(6)(22) | First lien senior secured loan | L + | 3.50% | 09/2027 | 39,567 | 39,566 | 37,632 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
Sovos Brands Intermediate, Inc.(7)(22) | First lien senior secured loan | L + | 3.50% | 06/2028 | 10,145 | 10,137 | 9,858 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Ultimate Baked Goods Midco, LLC(6) | First lien senior secured loan | L + | 6.50% | 08/2027 | 16,335 | 16,004 | 15,845 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Ultimate Baked Goods Midco, LLC(6)(17) | First lien senior secured revolving loan | L + | 6.50% | 08/2027 | 525 | 487 | 465 | — | % | |||||||||||||||||||||||||||||||||||||||||
633,175 | 624,620 | 616,919 | 11.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(12)(23) | First lien senior secured loan | C + | 4.50% | 04/2028 | $ | 3,258 | $ | 3,480 | $ | 3,184 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(17)(18)(19)(23) | First lien senior secured delayed draw term loan | C + | 4.50% | 04/2023 | — | (6) | (10) | — | % | |||||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(12)(23) | First lien senior secured delayed draw term loan | C + | 4.50% | 04/2028 | 112 | 121 | 110 | — | % | |||||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(12)(23) | First lien senior secured delayed draw term loan | C + | 4.50% | 04/2028 | 125 | 134 | 122 | — | % | |||||||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd.(12)(17)(23) | First lien senior secured revolving loan | C + | 4.50% | 04/2027 | 190 | 167 | 180 | — | % | |||||||||||||||||||||||||||||||||||||||||
Confluent Medical Technologies, Inc.(10) | First lien senior secured loan | SR + | 3.75% | 02/2029 | 24,975 | 24,863 | 23,664 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Confluent Medical Technologies, Inc.(10) | Second lien senior secured loan | SR + | 6.50% | 02/2030 | 46,000 | 45,154 | 43,585 | 0.8 | % |
Company(1)(2)(3)(25) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(20) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(13)(14)(16) | First lien senior secured revolving loan | L + 6.50% | 1/29/2027 | — | (3) | (3) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(8)(13)(15)(16) | First lien senior secured delayed draw term loan | L + 6.00% | 1/30/2023 | 208 | 203 | 203 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
GS Acquisitionco, Inc. (dba insightsoftware)(8) | First lien senior secured loan | L + 5.75% | 5/22/2026 | 5,805 | 5,777 | 5,776 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
GS Acquisitionco, Inc. (dba insightsoftware)(8)(13)(14)(15) | First lien senior secured delayed draw term loan | L + 5.75% | 11/2/2022 | — | (12) | (13) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Help/Systems Holdings, Inc.(7)(16)(17) | First lien senior secured loan | L + 4.75% | 11/19/2026 | 7,698 | 7,695 | 7,665 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Hyland Software, Inc.(6) | Second lien senior secured loan | L + 6.25% | 7/7/2025 | 22,500 | 22,491 | 22,642 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||
Ivanti Software, Inc.(8) | Second lien senior secured loan | L + 7.25% | 12/1/2028 | 19,000 | 18,906 | 18,905 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||
MessageBird BidCo B.V.(8)(16)(18) | First lien senior secured loan | L + 6.75% | 4/29/2027 | 5,000 | 4,899 | 4,900 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC(8)(16) | First lien senior secured loan | L + 5.50% | 12/29/2028 | 49,435 | 48,447 | 48,446 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 5.50% | 12/29/2023 | — | (158) | (158) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC(13)(14)(16) | First lien senior secured revolving loan | L + 5.50% | 12/27/2027 | — | (95) | (95) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
QAD, Inc.(8)(16) | First lien senior secured loan | L + 6.00% | 11/5/2027 | 46,500 | 45,589 | 45,570 | 2.9 | % | |||||||||||||||||||||||||||||||||||||||
QAD, Inc.(13)(14)(16) | First lien senior secured revolving loan | L + 6.00% | 11/5/2027 | — | (117) | (120) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Proofpoint, Inc.(8)(16) | Second lien senior secured loan | L + 6.25% | 9/1/2029 | 7,500 | 7,464 | 7,463 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||
Tahoe Finco, LLC(8)(16)(18) | First lien senior secured loan | L + 6.00% | 9/29/2028 | 83,721 | 82,906 | 82,716 | 5.2 | % | |||||||||||||||||||||||||||||||||||||||
Tahoe Finco, LLC(13)(14)(16)(18) | First lien senior secured revolving loan | L + 6.00% | 10/1/2027 | — | (60) | (75) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(9)(16) | First lien senior secured loan | L + 5.75% | 6/30/2028 | 12,063 | 11,949 | 11,972 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(13)(14)(16) | First lien senior secured revolving loan | L + 5.75% | 6/30/2027 | — | (7) | (5) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(13)(15)(16) | First lien senior secured delayed draw term loan | L + 5.75% | 8/17/2023 | — | — | — | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Trader Interactive, LLC (fka Dominion Web Solutions, LLC)(9)(16) | First lien senior secured loan | L + 4.00% | 7/28/2028 | 5,000 | 4,979 | 4,975 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
When I Work, Inc.(8) | First lien senior secured loan | L + 6.00% | 11/2/2027 | 22,206 | 21,988 | 21,983 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||
When I Work, Inc.(13)(14) | First lien senior secured revolving loan | L + 6.00% | 11/2/2027 | — | (40) | (42) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
349,034 | 344,101 | 343,986 | 21.8 | % | |||||||||||||||||||||||||||||||||||||||||||
Leisure and entertainment | |||||||||||||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C.(8)(16) | First lien senior secured loan | L + 6.00% | 8/5/2027 | 94,358 | 93,913 | 93,886 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C.(13)(14)(16) | First lien senior secured revolving loan | L + 6.00% | 8/5/2026 | — | (33) | (36) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
94,358 | 93,880 | 93,850 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||||||
Manufacturing | |||||||||||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC(8)(16) | First lien senior secured loan | L + 4.25% | 3/31/2028 | 4,104 | 4,050 | 4,063 | 0.3 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(9)(21) | First lien senior secured loan | SR + | 4.25% | 04/2029 | 13,103 | 12,864 | 12,841 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(9)(17)(19) | First lien senior secured delayed draw term loan | SR + | 4.25% | 04/2024 | 2,219 | 2,155 | 2,175 | — | % | |||||||||||||||||||||||||||||||||||||||||
CSC MKG Topco LLC. (dba Medical Knowledge Group)(6) | First lien senior secured loan | L + | 5.75% | 02/2029 | 97,711 | 95,958 | 95,513 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
CSC MKG Topco LLC. (dba Medical Knowledge Group)(10) | First lien senior secured loan | SR + | 5.75% | 02/2029 | 3,085 | 2,989 | 3,015 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(6)(22) | First lien senior secured loan | L + | 3.25% | 10/2028 | 24,813 | 24,709 | 23,547 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(6)(17)(18) | First lien senior secured revolving loan | L + | 3.25% | 10/2026 | — | (34) | (136) | — | % | |||||||||||||||||||||||||||||||||||||||||
Natus Medical Inc.(10)(21) | First lien senior secured loan | SR + | 5.50% | 07/2029 | 500 | 467 | 468 | — | % | |||||||||||||||||||||||||||||||||||||||||
Packaging Coordinators Midco, Inc.(7) | Second lien senior secured loan | L + | 7.00% | 12/2029 | 53,918 | 52,397 | 50,953 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(23) | First lien senior secured loan | SR + | 6.75% | 01/2028 | 50,902 | 50,237 | 50,266 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(17)(23) | First lien senior secured revolving loan | SR + | 6.75% | 01/2026 | 19 | 18 | 18 | — | % | |||||||||||||||||||||||||||||||||||||||||
Rhea Parent, Inc.(10) | First lien senior secured loan | SR + | 5.75% | 02/2029 | 77,379 | 75,982 | 75,638 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
398,309 | 391,655 | 385,133 | 7.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Covetrus, Inc.(10)(22) | First lien senior secured loan | SR + | 5.00% | 10/2029 | $ | 7,490 | $ | 7,052 | $ | 6,999 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||
Covetrus Inc.(10) | Second lien senior secured loan | SR + | 9.25% | 10/2030 | 160,000 | 156,786 | 156,736 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||||
Ex Vivo Parent Inc. (dba OB Hospitalist)(7) | First lien senior secured loan | L + | 9.50% | 09/2028 | 30,503 | 29,972 | 29,816 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Engage Debtco Limited(10)(23) | First lien senior secured loan | SR + | 5.75% | 07/2029 | 60,833 | 59,389 | 59,464 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
Engage Debtco Limited(9)(23) | First lien senior secured loan | SR + | 7.25% | 07/2029 | 30,367 | 29,456 | 30,139 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Engage Debtco Limited(10)(23) | First lien senior secured delayed draw term loan | SR + | 5.75% | 07/2029 | 19,750 | 19,285 | 19,306 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
MJH Healthcare Holdings, LLC(9)(21) | First lien senior secured loan | SR + | 3.50% | 01/2029 | 19,850 | 19,779 | 19,056 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Natural Partners, LLC(8)(23) | First lien senior secured loan | L + | 6.00% | 11/2027 | 68,679 | 67,476 | 67,306 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Natural Partners, LLC(8)(17)(18)(23) | First lien senior secured revolving loan | L + | 6.00% | 11/2027 | — | (87) | (101) | — | % | |||||||||||||||||||||||||||||||||||||||||
OB Hospitalist Group, Inc.(7) | First lien senior secured loan | L + | 5.50% | 09/2027 | 61,193 | 60,186 | 60,429 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
OB Hospitalist Group, Inc.(7)(17) | First lien senior secured revolving loan | L + | 5.50% | 09/2027 | 2,771 | 2,645 | 2,671 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Pacific BidCo Inc.(10)(23) | First lien senior secured loan | SR + | 5.75% | 08/2029 | 161,148 | 157,289 | 157,522 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||||
Pacific BidCo Inc.(10)(17)(18)(19)(23) | First lien senior secured delayed draw term loan | SR + | 5.25% | 08/2025 | — | (211) | (179) | — | % | |||||||||||||||||||||||||||||||||||||||||
Parexel International, Inc. (dba Parexel)(6)(22) | First lien senior secured loan | L + | 3.25% | 11/2028 | 19,850 | 19,764 | 19,084 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Parexel International, Inc. (dba Parexel)(6) | Second lien senior secured loan | L + | 6.50% | 11/2029 | 140,000 | 138,699 | 137,200 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
Physician Partners, LLC(9)(22) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 12,878 | 12,763 | 12,240 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup)(9) | First lien senior secured loan | SR + | 5.75% | 05/2029 | 109,857 | 107,814 | 107,934 | 2.1 | % |
Company(1)(2)(3)(25) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(20) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC(13)(14)(16) | First lien senior secured revolving loan | L + 4.50% | 3/31/2026 | — | (11) | (9) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(8)(16)(17) | First lien senior secured loan | L + 3.75% | 5/19/2028 | 5,000 | 4,976 | 4,981 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(8) | Second lien senior secured loan | L + 6.50% | 5/21/2029 | 21,000 | 20,905 | 21,000 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||
Gloves Buyer, Inc. (dba Protective Industrial Products)(6)(16) | Second lien senior secured loan | L + 8.25% | 12/29/2028 | 900 | 879 | 888 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(8)(16) | First lien senior secured loan | L + 5.75% | 7/21/2027 | 40,969 | 40,584 | 40,559 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(8)(13)(15)(16) | First lien senior secured delayed draw term loan | L + 5.75% | 7/21/2023 | 3,085 | 3,055 | 3,054 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(13)(14)(16) | First lien senior secured revolving loan | L + 5.75% | 7/21/2027 | — | (33) | (36) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
75,058 | 74,405 | 74,500 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||||||
Professional Services | |||||||||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(8)(16)(18) | Second lien senior secured loan | L + 6.75% | 7/27/2029 | 5,000 | 4,952 | 4,950 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(13)(15)(16)(18) | Second lien senior secured delayed draw term loan | L + 6.75% | 6/30/2022 | — | — | — | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(8)(16)(18) | First lien senior secured loan | L + 3.75% | 7/27/2028 | 4,988 | 4,976 | 4,975 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Guidehouse Inc.(6)(16) | First lien senior secured loan | L + 5.50% | 10/16/2028 | 92,982 | 92,077 | 92,053 | 5.8 | % | |||||||||||||||||||||||||||||||||||||||
Guidehouse Inc.(13)(16) | First lien senior secured revolving loan | L + 5.50% | 10/15/2027 | — | — | (70) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Relativity ODA LLC(6)(16) | First lien senior secured loan | L + 7.50% PIK | 5/12/2027 | 4,585 | 4,526 | 4,528 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||
Relativity ODA LLC(13)(14)(16) | First lien senior secured revolving loan | L + 6.50% | 5/12/2027 | — | (6) | (5) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Sovos Compliance, LLC(6)(16)(17) | First lien senior secured loan | L + 4.50% | 8/11/2028 | 6,396 | 6,380 | 6,408 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Sovos Compliance, LLC(13)(16)(17) | First lien senior secured delayed draw term loan | L + 4.50% | 8/12/2023 | — | — | — | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
113,951 | 112,905 | 112,839 | 7.1 | % | |||||||||||||||||||||||||||||||||||||||||||
Specialty retail | |||||||||||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(8)(16) | First lien senior secured loan | L + 6.50% | 11/23/2027 | 60,915 | 60,015 | 60,002 | 3.8 | % | |||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(13)(14)(15)(16) | First lien senior secured delayed draw term loan | L + 6.50% | 11/23/2023 | — | (54) | (22) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(13)(16) | First lien senior secured revolving loan | L + 6.50% | 5/24/2027 | 880 | 803 | 801 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Milan Laser Holdings LLC(8)(16) | First lien senior secured loan | L + 5.00% | 4/27/2027 | 20,632 | 20,445 | 20,477 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||
Milan Laser Holdings LLC(13)(14)(16) | First lien senior secured revolving loan | L + 5.00% | 4/27/2026 | — | (15) | (13) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
The Shade Store, LLC(8)(16) | First lien senior secured loan | L + 6.00% | 10/13/2027 | 68,182 | 67,355 | 67,330 | 4.3 | % | |||||||||||||||||||||||||||||||||||||||
The Shade Store, LLC(13)(14)(16) | First lien senior secured revolving loan | L + 6.00% | 10/13/2027 | — | (81) | (85) | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
150,609 | 148,468 | 148,490 | 9.5 | % | |||||||||||||||||||||||||||||||||||||||||||
Telecommunications | |||||||||||||||||||||||||||||||||||||||||||||||
Park Place Technologies, LLC(6)(16)(17) | First lien senior secured loan | L + 5.00% | 11/10/2027 | 993 | 958 | 989 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
993 | 958 | 989 | 0.1 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup)(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 05/2024 | — | (259) | (214) | — | % | |||||||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup)(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 05/2028 | — | (219) | (214) | — | % | |||||||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC(6)(21) | First lien senior secured loan | L + | 3.25% | 12/2028 | 19,850 | 19,774 | 18,808 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC(6)(17)(19) | First lien senior secured delayed draw term loan | L + | 3.25% | 02/2024 | 1,763 | 1,758 | 1,586 | — | % | |||||||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC(10) | First lien senior secured loan | SR + | 5.75% | 08/2029 | 144,149 | 141,541 | 141,266 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC(10)(17) | First lien senior secured revolving loan | SR + | 5.75% | 08/2029 | 3,201 | 2,975 | 2,964 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 09/2024 | — | (235) | (192) | — | % | |||||||||||||||||||||||||||||||||||||||||
TC Holdings, LLC (dba TrialCard)(10) | First lien senior secured loan | SR + | 5.00% | 04/2027 | 64,408 | 63,844 | 64,247 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
TC Holdings, LLC (dba TrialCard)(10)(17)(18) | First lien senior secured revolving loan | SR + | 5.00% | 04/2027 | — | (67) | (19) | — | % | |||||||||||||||||||||||||||||||||||||||||
Tivity Health, Inc(10) | First lien senior secured loan | SR + | 6.00% | 06/2029 | 151,620 | 148,052 | 149,346 | 2.8 | % | |||||||||||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP(9) | First lien senior secured loan | SR + | 5.25% | 06/2029 | 80,664 | 80,094 | 80,664 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.25% | 06/2024 | — | (21) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.50% | 06/2029 | — | (56) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Quva Pharma, Inc. (7) | First lien senior secured loan | L + | 5.50% | 04/2028 | 4,489 | 4,381 | 4,399 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Quva Pharma, Inc. (7)(17) | First lien senior secured revolving loan | L + | 5.50% | 04/2026 | 218 | 209 | 209 | — | % | |||||||||||||||||||||||||||||||||||||||||
WP CityMD Bidco LLC(6)(21)(22) | First lien senior secured loan | L + | 3.25% | 12/2028 | 19,294 | 19,245 | 19,247 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Diagnostic Services Holdings, Inc. (dba Rayus Radiology)(6) | First lien senior secured loan | L + | 5.50% | 03/2025 | 120,215 | 120,215 | 119,012 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Vermont Aus Pty Ltd.(10)(23) | First lien senior secured loan | SR + | 5.50% | 03/2028 | 54,091 | 52,885 | 52,739 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
1,569,131 | 1,542,173 | 1,539,470 | 29.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare technology | ||||||||||||||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(9)(22) | First lien senior secured loan | SR + | 3.50% | 02/2029 | $ | 29,634 | $ | 29,215 | $ | 26,683 | 0.5 | % | ||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(9)(17)(18)(19)(22) | First lien senior secured delayed draw term loan | SR + | 3.50% | 08/2023 | — | (34) | (344) | — | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(7) | First lien senior secured loan | L + | 5.75% | 08/2028 | 53,767 | 53,044 | 52,557 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(7)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 5.75% | 08/2023 | — | (189) | (349) | — | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource)(7)(17)(18) | First lien senior secured revolving loan | L + | 5.75% | 08/2026 | — | (54) | (105) | — | % | |||||||||||||||||||||||||||||||||||||||||
Color Intermediate, LLC(10) | First lien senior secured loan | SR + | 5.50% | 10/2029 | 9,234 | 9,054 | 9,050 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc.(11) | First lien senior secured loan | SR + | 6.00% | 05/2029 | 20,794 | 20,407 | 20,534 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc.(11)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.00% | 05/2024 | — | (45) | (12) | — | % |
Company(1)(2)(3)(25) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(20) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||||||||||||||||||||
Motus Group, LLC(8)(16) | Second lien senior secured loan | L + 6.50% | 12/10/2029 | 10,000 | 9,901 | 9,900 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||
10,000 | 9,901 | 9,900 | 0.6 | ||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/non-affiliated portfolio company debt investments | $ | 3,035,699 | $ | 2,988,942 | $ | 2,991,697 | 189.1 | % | |||||||||||||||||||||||||||||||||||||||
Equity Investments | |||||||||||||||||||||||||||||||||||||||||||||||
Automotive | |||||||||||||||||||||||||||||||||||||||||||||||
CD&R Value Building Partners I, L.P. (dba Belron)(16)(18)(19)(21) | LP Interest | N/A | N/A | 33,000 | 33,064 | 33,000 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||
Metis HoldCo, Inc. (dba Mavis Tire Express Services)(16)(19) | Series A Convertible Preferred Stock | 7.00% PIK | N/A | 10,769 | 10,928 | 11,215 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
43,992 | 44,215 | 2.8 | % | ||||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | |||||||||||||||||||||||||||||||||||||||||||||||
Skyline Holdco B, Inc. (dba Dodge Data & Analytics)(16)(19)(21) | Series A Preferred Stock | N/A | N/A | 143,963 | 216 | 238 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
216 | 238 | 0.0 | % | ||||||||||||||||||||||||||||||||||||||||||||
Business services | |||||||||||||||||||||||||||||||||||||||||||||||
Denali Holding LP (dba Summit Companies)(16)(19)(21) | Class A Units | N/A | N/A | 596,708 | 5,967 | 5,967 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
Hercules Buyer LLC (dba The Vincit Group)(16)(19)(21)(23) | Common Units | N/A | N/A | 10,000 | 11 | 12 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
5,978 | 5,979 | 0.4 | % | ||||||||||||||||||||||||||||||||||||||||||||
Consumer products | |||||||||||||||||||||||||||||||||||||||||||||||
ASP Conair Holdings LP(16)(19)(21) | Class A Units | N/A | N/A | 9,286 | 929 | 929 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
929 | 929 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | |||||||||||||||||||||||||||||||||||||||||||||||
KPCI Holdings, L.P.(16)(19)(21) | Class A Units | N/A | N/A | 30,425 | 2,313 | 2,675 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.)(16)(19) | Class A Units | 8.00% PIK | N/A | 982 | 991 | 991 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.)(16)(19)(21) | Class B Units | N/A | N/A | 13,517 | 146 | 153 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
3,450 | 3,819 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | |||||||||||||||||||||||||||||||||||||||||||||||
KOBHG Holdings, L.P. (dba OB Hospitalist)(16)(19)(21) | Class A Interests | N/A | N/A | 3,520 | 3,520 | 3,520 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
Restore OMH Intermediate Holdings, Inc.(16)(19) | Senior Preferred Stock | 13.00% PIK | N/A | 349 | 341 | 340 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
3,861 | 3,860 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||||||
Human resource support services | |||||||||||||||||||||||||||||||||||||||||||||||
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)(16)(19) | Series A Preferred Stock | 10.50% PIK | N/A | 12,750 | 12,717 | 12,710 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||
12,717 | 12,710 | 0.8 | % | ||||||||||||||||||||||||||||||||||||||||||||
Insurance | |||||||||||||||||||||||||||||||||||||||||||||||
Evolution Parent, LP (dba SIAA)(16)(19)(21) | LP Interest | N/A | N/A | 270 | 270 | 270 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(16)(19)(21) | LP Interest | N/A | N/A | 421 | 422 | 421 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services)(16)(19)(21) | Class A Units | N/A | N/A | 4,639,506 | 11,788 | 11,789 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services)(16)(19)(21) | Class A Warrants | N/A | N/A | 1,398,737 | 3,547 | 3,547 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||
16,027 | 16,027 | 0.9 | % | ||||||||||||||||||||||||||||||||||||||||||||
Internet software and services | |||||||||||||||||||||||||||||||||||||||||||||||
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(16)(19)(21) | Common Units | N/A | N/A | 1,729,438 | 1,729 | 1,729 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
MessageBird Holding B.V.(16)(18)(19)(21) | Extended Series C Warrants | N/A | N/A | 7,980 | 49 | 49 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
Thunder Topco L.P. (dba Vector Solutions)(16)(19)(21) | Common Units | N/A | N/A | 712,884 | 713 | 841 | 0.1 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc.(11)(17) | First lien senior secured revolving loan | SR + | 6.00% | 05/2028 | 472 | 427 | 440 | — | % | |||||||||||||||||||||||||||||||||||||||||
Interoperability Bidco, Inc. (dba Lyniate)(10) | First lien senior secured loan | SR + | 7.00% | 12/2026 | 75,948 | 75,530 | 75,378 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Interoperability Bidco, Inc. (dba Lyniate)(7)(17) | First lien senior secured revolving loan | L + | 7.00% | 12/2024 | 1,739 | 1,724 | 1,713 | — | % | |||||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(10) | First lien senior secured loan | SR + | 6.00% | 10/2028 | 20,817 | 20,457 | 20,296 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.00% | 03/2024 | 2,394 | 2,283 | 2,220 | — | % | |||||||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(17) | First lien senior secured revolving loan | SR + | 6.00% | 10/2027 | 167 | 140 | 125 | — | % | |||||||||||||||||||||||||||||||||||||||||
Imprivata, Inc.(9)(22) | First lien senior secured loan | SR + | 4.25% | 12/2027 | 10,556 | 10,264 | 10,160 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Imprivata, Inc.(9) | Second lien senior secured loan | SR + | 6.25% | 12/2028 | 50,294 | 49,791 | 49,036 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Ocala Bidco, Inc.(7) | First lien senior secured loan | L + | 6.25% (2.75% PIK) | 11/2028 | 81,511 | 79,789 | 79,473 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||||
Ocala Bidco, Inc.(7)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 3.50% | 05/2024 | — | (89) | (106) | — | % | |||||||||||||||||||||||||||||||||||||||||
Ocala Bidco, Inc.(7) | Second lien senior secured loan | L + | 10.50% PIK | 11/2033 | 42,611 | 41,889 | 41,972 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
Intelerad Medical Systems Inc.(10)(23) | First lien senior secured loan | SR + | 6.50% | 08/2026 | 30,081 | 29,779 | 29,930 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Intelerad Medical Systems Inc.(9)(23) | First lien senior secured revolving loan | SR + | 6.50% | 08/2026 | 1,145 | 1,145 | 1,139 | — | % | |||||||||||||||||||||||||||||||||||||||||
PointClickCare Technologies Inc.(10)(23) | First lien senior secured loan | SR + | 4.00% | 12/2027 | 19,850 | 19,587 | 19,503 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Project Ruby Ultimate Parent Corp. (dba Wellsky)(6)(22) | First lien senior secured loan | L + | 3.25% | 03/2028 | 14,396 | 13,922 | 13,581 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
465,410 | 458,036 | 452,874 | 8.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Household products | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aptive Environmental, LLC(16) | First lien senior secured loan | 12.00% (6.00% PIK) | 01/2026 | $ | 8,559 | $ | 7,179 | $ | 7,703 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber)(9) | First lien senior secured loan | SR + | 5.75% | 04/2029 | 75,902 | 74,499 | 75,143 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber)(9)(17)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 04/2024 | 11,760 | 11,285 | 11,642 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber)(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 04/2028 | — | (142) | (80) | — | % | |||||||||||||||||||||||||||||||||||||||||
Mario Midco Holdings, Inc. (dba Len the Plumber)(9) | Unsecured facility | SR + | 10.75% PIK | 04/2032 | 23,752 | 23,124 | 23,396 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Simplisafe Holding Corporation(9) | First lien senior secured loan | SR + | 6.25% | 05/2028 | 127,753 | 125,429 | 126,156 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
Simplisafe Holding Corporation(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.25% | 05/2024 | — | (143) | (40) | — | % | |||||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(7) | First lien senior secured loan | L + | 4.50% | 10/2027 | 1,079 | 1,066 | 1,060 | — | % | |||||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(8)(17)(19) | First lien senior secured delayed draw term loan | L + | 4.50% | 10/2023 | 810 | 797 | 791 | — | % | |||||||||||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC(7)(17) | First lien senior secured revolving loan | L + | 4.50% | 10/2027 | 79 | 76 | 74 | — | % | |||||||||||||||||||||||||||||||||||||||||
Walker Edison Furniture Company LLC(7)(32) | First lien senior secured loan | L + | 8.75% (3.00% PIK) | 03/2027 | 10,199 | 9,867 | 5,214 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
259,893 | 253,037 | 251,059 | 4.6 | % |
Company(1)(2)(3)(25) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(20) | Fair Value | Percentage of Net Assets | ||||||||||||||||||||||||||||||||||||||||
WMC Bidco, Inc. (dba West Monroe)(16)(19) | Senior Preferred Stock | 11.25% PIK | N/A | 33,385 | 32,494 | 32,467 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||
BCTO WIW Holdings, Inc. (dba When I Work)(16)(19)(21) | Class A Common Stock | N/A | N/A | 57,000 | 5,700 | 5,700 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||
40,685 | 40,786 | 2.7 | % | ||||||||||||||||||||||||||||||||||||||||||||
Manufacturing | |||||||||||||||||||||||||||||||||||||||||||||||
Gloves Holding, LP (dba Protective Industrial Products)(16)(19)(21) | LP Interest | N/A | N/A | 100 | 100 | 112 | 0.0 | % | |||||||||||||||||||||||||||||||||||||||
100 | 112 | 0.0 | % | ||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/non-affiliated portfolio company equity investments | $ | 127,955 | $ | 128,675 | 8.1 | % | |||||||||||||||||||||||||||||||||||||||||
Total Investments | $ | 3,116,897 | $ | 3,120,372 | 197.2 | % | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Human resource support services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Cornerstone OnDemand, Inc.(6)(21) | First lien senior secured loan | L + | 3.75% | 10/2028 | $ | 19,850 | $ | 19,765 | $ | 18,858 | 0.4 | % | ||||||||||||||||||||||||||||||||||||||
Cornerstone OnDemand, Inc.(6) | Second lien senior secured loan | L + | 6.50% | 10/2029 | 44,583 | 43,991 | 42,800 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
IG Investments Holdings, LLC (dba Insight Global)(6) | First lien senior secured loan | L + | 6.00% | 09/2028 | 48,031 | 47,231 | 47,431 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
IG Investments Holdings, LLC (dba Insight Global)(6)(17) | First lien senior secured revolving loan | L + | 6.00% | 09/2027 | 1,445 | 1,388 | 1,400 | — | % | |||||||||||||||||||||||||||||||||||||||||
113,909 | 112,375 | 110,489 | 2.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Infrastructure and environmental services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aegion Corp.(6)(21) | First lien senior secured loan | L + | 4.75% | 05/2028 | $ | 4,937 | $ | 4,918 | $ | 4,617 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||
The Goldfield Corp.(9) | First lien senior secured loan | SR + | 6.25% | 12/2026 | 995 | 977 | 983 | — | % | |||||||||||||||||||||||||||||||||||||||||
Osmose Utilities Services, Inc.(6)(21)(22) | First lien senior secured loan | L + | 3.25% | 06/2028 | 14,799 | 14,766 | 14,022 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6)(21)(22) | First lien senior secured loan | L + | 3.50% | 05/2028 | 4,938 | 4,918 | 4,704 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6)(21) | Second lien senior secured loan | L + | 6.50% | 05/2029 | 39,691 | 39,481 | 36,913 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(11) | First lien senior secured loan | SR + | 5.75% | 03/2028 | 32,447 | 31,869 | 31,798 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(9)(17) | First lien senior secured revolving loan | SR + | 5.75% | 03/2028 | 949 | 856 | 842 | — | % | |||||||||||||||||||||||||||||||||||||||||
98,756 | 97,785 | 93,879 | 1.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(10)(22) | First lien senior secured loan | SR + | 5.75% | 02/2027 | $ | 12,500 | $ | 11,892 | $ | 12,375 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(6)(22) | First lien senior secured loan | L + | 3.50% | 02/2027 | 8,728 | 8,226 | 8,182 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(6)(22) | First lien senior secured loan | L + | 4.25% | 02/2027 | 1,995 | 1,936 | 1,930 | — | % | |||||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(10)(22) | First lien senior secured loan | SR + | 3.75% | 02/2027 | 1,995 | 1,906 | 1,890 | — | % | |||||||||||||||||||||||||||||||||||||||||
Alera Group, Inc.(9) | First lien senior secured loan | SR + | 6.00% | 10/2028 | 149,990 | 147,175 | 148,864 | 2.8 | % | |||||||||||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC(10) | First lien senior secured loan | SR + | 5.75% | 08/2029 | 130,182 | 127,670 | 127,904 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC(10)(17)(18) | First lien senior secured revolving loan | SR + | 5.75% | 08/2028 | — | (307) | (285) | — | % | |||||||||||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC(11)(17)(19) | First lien senior secured delayed draw term loan | SR + | 5.75% | 09/2024 | 21,697 | 21,177 | 21,236 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(6)(22) | First lien senior secured loan | L + | 3.50% | 02/2027 | 7,880 | 7,880 | 7,624 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(9)(22) | First lien senior secured loan | SR + | 3.50% | 02/2027 | 24,813 | 24,760 | 24,068 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(9)(22) | First lien senior secured loan | SR + | 4.25% | 02/2027 | 4,988 | 4,818 | 4,875 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Asurion, LLC(6)(22) | First lien senior secured loan | L + | 3.00% | 11/2024 | 21,295 | 20,601 | 20,657 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Asurion, LLC(6)(22) | Second lien senior secured loan | L + | 5.25% | 01/2029 | 154,017 | 150,387 | 119,040 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Brightway Holdings, LLC(6) | First lien senior secured loan | L + | 6.50% | 12/2027 | 17,761 | 17,570 | 17,405 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Brightway Holdings, LLC(6)(17)(18) | First lien senior secured revolving loan | L + | 6.50% | 12/2027 | — | (22) | (42) | — | % | |||||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(10) | First lien senior secured loan | SR + | 6.25% | 04/2028 | 26,336 | 26,094 | 25,941 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.75% | 12/2023 | 1,400 | 1,400 | 1,386 | — | % | |||||||||||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA)(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.25% | 04/2027 | — | (7) | (10) | — | % | |||||||||||||||||||||||||||||||||||||||||
Hyperion Refinance S.a.r.l (dba Howden Group)(9)(23) | First lien senior secured loan | SR + | 5.25% | 11/2027 | 38,177 | 37,436 | 37,414 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
Hyperion Refinance S.a.r.l (dba Howden Group)(9)(17)(19)(23) | First lien senior secured delayed draw term loan | SR + | 5.25% | 04/2023 | — | — | — | — | % | |||||||||||||||||||||||||||||||||||||||||
KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(8) | First lien senior secured loan | L + | 9.50% PIK | 07/2028 | 13,670 | 13,460 | 13,499 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions)(6)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 5.25% | 06/2024 | — | (80) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(8) | First lien senior secured loan | L + | 6.00% | 11/2028 | 133,649 | 132,347 | 133,316 | 2.5 | % | |||||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(11)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.00% | 12/2023 | 60,469 | 59,959 | 60,317 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(8)(17)(18) | First lien senior secured revolving loan | L + | 6.00% | 11/2027 | — | (21) | (6) | — | % | |||||||||||||||||||||||||||||||||||||||||
PCF Midco II, LLC (dba PCF Insurance Services)(16) | First lien senior secured loan | 9.00% PIK | 10/2031 | 49,242 | 45,330 | 44,318 | 0.8 | % | ||||||||||||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services)(7) | First lien senior secured loan | L + | 5.50% | 08/2028 | 36,159 | 35,548 | 35,255 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services)(7)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 5.50% | 08/2023 | — | (83) | (155) | — | % | |||||||||||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services)(15)(17) | First lien senior secured revolving loan | P + | 4.50% | 08/2027 | 413 | 333 | 284 | — | % | |||||||||||||||||||||||||||||||||||||||||
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(7) | First lien senior secured loan | L + | 5.50% | 07/2027 | 14,904 | 14,666 | 14,606 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(15)(17)(18) | First lien senior secured revolving loan | P + | 5.50% | 07/2027 | — | (17) | (22) | — | % | |||||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions)(6) | First lien senior secured loan | L + | 5.25% | 12/2028 | 32,703 | 32,285 | 32,436 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions)(6)(17)(18) | First lien senior secured revolving loan | L + | 5.25% | 12/2027 | — | (42) | (34) | — | % | |||||||||||||||||||||||||||||||||||||||||
964,963 | 944,277 | 914,268 | 17.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Internet software and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Anaplan, Inc.(9) | First lien senior secured loan | SR + | 6.50% | 06/2029 | $ | 229,639 | $ | 227,472 | $ | 229,065 | 4.4 | % | ||||||||||||||||||||||||||||||||||||||
Anaplan, Inc.(9)(17)(18) | First lien senior secured revolving loan | SR + | 6.50% | 06/2028 | — | (151) | (41) | — | % | |||||||||||||||||||||||||||||||||||||||||
Appfire Technologies, LLC(10) | First lien senior secured loan | SR + | 5.50% | 03/2027 | 1,996 | 1,983 | 1,981 | — | % | |||||||||||||||||||||||||||||||||||||||||
Appfire Technologies, LLC(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 5.50% | 06/2024 | — | (122) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Appfire Technologies, LLC(10)(17) | First lien senior secured revolving loan | SR + | 5.50% | 03/2027 | 93 | 72 | 81 | — | % | |||||||||||||||||||||||||||||||||||||||||
Avalara, Inc.(10) | First lien senior secured loan | SR + | 7.25% | 10/2028 | 70,455 | 69,424 | 69,398 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Avalara, Inc.(10)(17)(18) | First lien senior secured revolving loan | SR + | 7.25% | 10/2028 | — | (102) | (106) | — | % | |||||||||||||||||||||||||||||||||||||||||
Armstrong Bidco Limited (dba The Access Group)(14)(23) | First lien senior secured loan | SA + | 5.25% | 06/2029 | 31,962 | 31,917 | 31,562 | 0.6 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Armstrong Bidco Limited (dba The Access Group)(14)(17)(19)(23) | First lien senior secured delayed draw term loan | SA + | 5.25% | 06/2025 | 12,942 | 12,914 | 12,780 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Barracuda Parent, LLC(10)(22) | First lien senior secured loan | SR + | 4.50% | 08/2029 | 24,400 | 23,699 | 23,485 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Barracuda Parent, LLC(10) | Second lien senior secured loan | SR + | 7.00% | 08/2030 | 93,250 | 90,535 | 89,054 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||||
Bayshore Intermediate #2, L.P. (dba Boomi)(6) | First lien senior secured loan | L + | 7.75% PIK | 10/2028 | 21,395 | 21,023 | 20,967 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Bayshore Intermediate #2, L.P. (dba Boomi)(6)(17) | First lien senior secured revolving loan | L + | 6.75% | 10/2027 | 532 | 503 | 500 | — | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Nucleon (DE) SPV, LP(8)(23) | First lien senior secured loan | L + | 7.00% | 09/2026 | 24,012 | 23,799 | 23,952 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
BCTO BSI Buyer, Inc. (dba Buildertrend)(10) | First lien senior secured loan | SR + | 8.00% PIK | 12/2026 | 1,059 | 1,050 | 1,059 | — | % | |||||||||||||||||||||||||||||||||||||||||
BCTO BSI Buyer, Inc. (dba Buildertrend)(10)(17)(18) | First lien senior secured revolving loan | SR + | 8.00% | 12/2026 | — | (2) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
BTRS Holdings Inc. (dba Billtrust)(10) | First lien senior secured loan | SR + | 8.00% | 12/2028 | 10,850 | 10,527 | 10,548 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
BTRS Holdings Inc. (dba Billtrust)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 7.00% | 12/2024 | — | — | (26) | — | % | |||||||||||||||||||||||||||||||||||||||||
BTRS Holdings Inc. (dba Billtrust)(17)(18) | First lien senior secured revolving loan | SR + | 7.00% | 12/2028 | — | (34) | (32) | — | % | |||||||||||||||||||||||||||||||||||||||||
CivicPlus, LLC(7) | First lien senior secured loan | L + | 6.75% (2.50% PIK) | 08/2027 | 27,539 | 27,299 | 27,471 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
CivicPlus, LLC(7)(17)(18) | First lien senior secured revolving loan | L + | 6.25% | 08/2027 | — | (19) | (6) | — | % | |||||||||||||||||||||||||||||||||||||||||
CP PIK Debt Issuer, LLC (dba CivicPlus, LLC)(11) | Unsecured notes | SR + | 11.75% PIK | 06/2034 | 14,315 | 13,930 | 14,100 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Delta TopCo, Inc. (dba Infoblox, Inc.)(10)(22) | First lien senior secured loan | SR + | 3.75% | 12/2027 | 4,314 | 4,289 | 3,974 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Delta TopCo, Inc. (dba Infoblox, Inc.)(10) | Second lien senior secured loan | SR + | 7.25% | 12/2028 | 49,222 | 48,964 | 45,776 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
EET Buyer, Inc. (dba e-Emphasys)(8) | First lien senior secured loan | L + | 5.25% | 11/2027 | 19,399 | 19,236 | 19,399 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
EET Buyer, Inc. (dba e-Emphasys)(8)(17)(18) | First lien senior secured revolving loan | L + | 5.75% | 11/2027 | — | (16) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc.(7) | First lien senior secured loan | L + | 5.50% | 08/2027 | 8,262 | 8,097 | 7,891 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc.(15)(17)(19) | First lien senior secured delayed draw term loan | P + | 4.50% | 08/2023 | 1,864 | 1,819 | 1,752 | — | % | |||||||||||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc.(7)(17) | First lien senior secured revolving loan | L + | 5.50% | 08/2027 | 793 | 776 | 753 | — | % | |||||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(6) | First lien senior secured loan | L + | 5.50% | 01/2027 | 1,816 | 1,784 | 1,771 | — | % | |||||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(6)(17) | First lien senior secured revolving loan | L + | 6.50% | 01/2027 | 54 | 51 | 50 | — | % | |||||||||||||||||||||||||||||||||||||||||
Granicus, Inc.(6) | First lien senior secured delayed draw term loan | L + | 6.00% | 01/2027 | 343 | 338 | 334 | — | % | |||||||||||||||||||||||||||||||||||||||||
Grayshift, LLC(9) | First lien senior secured loan | SR + | 7.50% | 07/2028 | 22,468 | 22,257 | 22,299 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Grayshift, LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 7.50% | 07/2028 | — | (22) | (18) | — | % | |||||||||||||||||||||||||||||||||||||||||
GS Acquisitionco, Inc. (dba insightsoftware)(7) | First lien senior secured loan | L + | 5.75% | 05/2026 | 8,994 | 8,959 | 8,949 | 0.2 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Help/Systems Holdings, Inc.(10)(22) | First lien senior secured loan | SR + | 4.00% | 11/2026 | 64,534 | 64,244 | 57,919 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
Help/Systems Holdings, Inc.(10) | Second lien senior secured loan | SR + | 6.75% | 11/2027 | 25,000 | 24,753 | 22,500 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Hyland Software, Inc.(6)(22) | First lien senior secured loan | L + | 3.50% | 07/2024 | 23,656 | 23,442 | 23,308 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Hyland Software, Inc.(6) | Second lien senior secured loan | L + | 6.25% | 07/2025 | 60,517 | 60,275 | 57,188 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
Ivanti Software, Inc.(7) | Second lien senior secured loan | L + | 7.25% | 12/2028 | 19,000 | 18,916 | 14,250 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
MessageBird BidCo B.V.(6)(23) | First lien senior secured loan | L + | 6.75% | 05/2027 | 5,000 | 4,915 | 4,888 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC.(6) | First lien senior secured loan | L + | 5.50% | 12/2028 | 49,064 | 48,195 | 47,838 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC.(6)(17)(18)(19) | First lien senior secured delayed draw term loan | L + | 5.50% | 12/2023 | — | (135) | (237) | — | % | |||||||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC.(6)(17) | First lien senior secured revolving loan | L + | 5.50% | 12/2027 | 2,373 | 2,294 | 2,254 | — | % | |||||||||||||||||||||||||||||||||||||||||
Mitnick Corporate Purchaser, Inc.(9)(17)(21) | First lien senior secured revolving loan | SR + | 3.50% | 05/2027 | 663 | 669 | 663 | — | % | |||||||||||||||||||||||||||||||||||||||||
QAD Inc.(6) | First lien senior secured loan | L + | 6.00% | 11/2027 | 46,151 | 45,375 | 44,997 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
QAD Inc.(6)(17)(18) | First lien senior secured revolving loan | L + | 6.00% | 11/2027 | — | (97) | (150) | — | % | |||||||||||||||||||||||||||||||||||||||||
Perforce Software, Inc.(9) | First lien senior secured loan | SR + | 4.50% | 07/2026 | 14,925 | 14,602 | 14,701 | 0.3 | % | |||||||||||||||||||||||||||||||||||||||||
Proofpoint, Inc.(7)(22) | First lien senior secured loan | L + | 3.25% | 08/2028 | 3,232 | 3,122 | 3,101 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Proofpoint, Inc.(7) | Second lien senior secured loan | L + | 6.25% | 08/2029 | 7,500 | 7,467 | 7,181 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Sailpoint Technologies Holdings, Inc.(9) | First lien senior secured loan | SR + | 6.25% | 08/2029 | 59,880 | 58,663 | 58,682 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
Sailpoint Technologies Holdings, Inc.(9)(17)(18) | First lien senior secured revolving loan | SR + | 6.25% | 08/2028 | — | (107) | (114) | — | % | |||||||||||||||||||||||||||||||||||||||||
Securonix, Inc.(10) | First lien senior secured loan | SR + | 6.50% | 04/2028 | 29,661 | 29,394 | 29,364 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
Securonix, Inc.(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.50% | 04/2028 | — | (47) | (53) | — | % | |||||||||||||||||||||||||||||||||||||||||
Sophos Holdings, LLC(7)(22)(23) | First lien senior secured loan | L + | 3.50% | 03/2027 | 20,134 | 20,078 | 19,480 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Tahoe Finco, LLC(6)(23) | First lien senior secured loan | L + | 6.00% | 09/2028 | 83,721 | 83,003 | 82,256 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
Tahoe Finco, LLC(6)(17)(18)(23) | First lien senior secured revolving loan | L + | 6.00% | 10/2027 | — | (50) | (110) | — | % | |||||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(7) | First lien senior secured loan | L + | 5.75% | 06/2028 | 11,942 | 11,844 | 11,703 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(7)(17) | First lien senior secured revolving loan | L + | 5.75% | 06/2027 | 245 | 240 | 231 | — | % | |||||||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions)(7)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.75% | 08/2023 | 731 | 724 | 704 | — | % | |||||||||||||||||||||||||||||||||||||||||
When I Work, Inc.(7) | First lien senior secured loan | L + | 7.00% PIK | 11/2027 | 23,410 | 23,223 | 22,942 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Zendesk, Inc.(10) | First lien senior secured loan | SR + | 6.50% | 11/2028 | 120,319 | 117,945 | 117,311 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||||
Zendesk, Inc.(10)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.50% | 11/2024 | — | (1,098) | (451) | — | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Zendesk, Inc.(10)(17)(18) | First lien senior secured revolving loan | SR + | 6.50% | 11/2028 | — | (243) | (310) | — | % | |||||||||||||||||||||||||||||||||||||||||
When I Work, Inc.(7)(17)(18) | First lien senior secured revolving loan | L + | 6.00% | 11/2027 | — | (34) | (83) | — | % | |||||||||||||||||||||||||||||||||||||||||
1,353,626 | 1,333,821 | 1,310,675 | 24.9 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Leisure and entertainment | ||||||||||||||||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C.(8) | First lien senior secured loan | L + | 5.75% | 08/2027 | $ | 93,412 | $ | 93,037 | $ | 93,412 | 1.8 | % | ||||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C.(8)(17)(18) | First lien senior secured revolving loan | L + | 6.00% | 08/2026 | — | (26) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C.(7)(17)(19) | First lien senior secured delayed draw term loan | L + | 5.75% | 05/2024 | 39,850 | 39,275 | 39,850 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
133,262 | 132,286 | 133,262 | 2.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Manufacturing | ||||||||||||||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC(7) | First lien senior secured loan | L + | 4.50% | 03/2028 | $ | 4,063 | $ | 4,016 | $ | 3,972 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC(10) | First lien senior secured loan | SR + | 6.00% | 03/2028 | 873 | 861 | 866 | — | % | |||||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC(7)(17) | First lien senior secured revolving loan | L + | 4.50% | 03/2026 | 337 | 329 | 318 | — | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Watson (DE) ORML, LP(11)(23)(27) | First lien senior secured loan | SR + | 6.50% | 07/2028 | 101,500 | 100,550 | 100,485 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(22) | First lien senior secured loan | L + | 3.75% | 05/2028 | 4,950 | 4,930 | 4,783 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(21) | Second lien senior secured loan | L + | 6.50% | 05/2029 | 37,181 | 37,026 | 36,902 | 0.7 | % | |||||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(7) | Second lien senior secured loan | L + | 6.00% | 05/2029 | 19,160 | 19,115 | 18,921 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Gloves Buyer, Inc. (dba Protective Industrial Products)(6) | First lien senior secured loan | L + | 4.00% | 12/2027 | 18,775 | 18,433 | 18,634 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Gloves Buyer, Inc. (dba Protective Industrial Products)(6) | Second lien senior secured loan | L + | 8.25% | 12/2028 | 11,728 | 11,457 | 11,553 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(11) | First lien senior secured loan | SR + | 6.00% | 07/2027 | 87,049 | 86,306 | 86,177 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(11) | First lien senior secured loan | SR + | 6.25% | 07/2027 | 12,968 | 12,722 | 12,870 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group)(11)(17) | First lien senior secured revolving loan | SR + | 6.00% | 07/2027 | 500 | 473 | 464 | — | % | |||||||||||||||||||||||||||||||||||||||||
Pro Mach Group, Inc.(6)(22) | First lien senior secured loan | L + | 4.00% | 08/2028 | 30,628 | 30,462 | 29,740 | 0.6 | % | |||||||||||||||||||||||||||||||||||||||||
329,712 | 326,680 | 325,685 | 6.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Professional Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(9)(23) | First lien senior secured loan | SR + | 5.00% | 07/2028 | $ | 25,000 | $ | 23,509 | $ | 24,000 | 0.5 | % | ||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(7)(23) | Second lien senior secured loan | L + | 6.75% | 07/2029 | 11,618 | 11,444 | 11,037 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
Apex Service Partners, LLC(11) | First lien senior secured delayed draw term loan | SR + | 5.50% | 07/2025 | 91,701 | 90,581 | 91,013 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||||
Apex Service Partners, LLC(11)(17) | First lien senior secured revolving loan | SR + | 5.25% | 07/2025 | 2,875 | 2,821 | 2,841 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Apex Service Partners Intermediate 2, LLC(16) | First lien senior secured loan | 12.50% PIK | 07/2027 | 5,120 | 5,003 | 5,017 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||
Corporation Service Company(9)(21)(22) | First lien senior secured loan | SR + | 3.25% | 11/2029 | 3,000 | 2,914 | 2,963 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
EM Midco2 Ltd. (dba Element Materials Technology)(10)(21)(23) | First lien senior secured loan | SR + | 4.25% | 06/2029 | 27,948 | 27,916 | 27,388 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Guidehouse Inc.(6) | First lien senior secured loan | L + | 6.25% | 10/2028 | 106,731 | 105,657 | 105,664 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||||
Relativity ODA LLC(6) | First lien senior secured loan | L + | 7.75% PIK | 05/2027 | 4,984 | 4,933 | 4,972 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Relativity ODA LLC(6)(17)(18) | First lien senior secured revolving loan | L + | 6.50% | 05/2027 | — | (5) | (1) | — | % | |||||||||||||||||||||||||||||||||||||||||
Sovos Compliance, LLC(6)(22) | First lien senior secured loan | L + | 4.50% | 08/2028 | 24,330 | 23,965 | 22,383 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Vistage Worldwide, Inc.(9)(21) | First lien senior secured loan | SR + | 5.25% | 07/2029 | 4,988 | 4,857 | 4,863 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
308,295 | 303,595 | 302,140 | 5.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Specialty retail | ||||||||||||||||||||||||||||||||||||||||||||||||||
Central Parent, Inc.(10)(22) | First lien senior secured loan | SR + | 4.50% | 07/2029 | $ | 9,400 | $ | 9,133 | $ | 9,304 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||
Ideal Image Development, LLC(9) | First lien senior secured loan | SR + | 6.50% | 09/2027 | 5,839 | 5,729 | 5,737 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Ideal Image Development, LLC(9)(17)(18)(19) | First lien senior secured delayed draw term loan | SR + | 6.50% | 03/2024 | — | (3) | (2) | — | % | |||||||||||||||||||||||||||||||||||||||||
Ideal Image Development, LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 6.50% | 09/2027 | — | (17) | (16) | — | % | |||||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(10) | First lien senior secured loan | SR + | 6.75% | 11/2027 | 60,306 | 59,536 | 60,005 | 1.1 | % | |||||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(10) | First lien senior secured loan | SR + | 6.75% | 11/2027 | 164,259 | 162,023 | 163,437 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(10)(17)(19) | First lien senior secured delayed draw term loan | SR + | 6.75% | 11/2023 | 5,255 | 5,148 | 5,229 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group)(10)(17) | First lien senior secured revolving loan | SR + | 6.75% | 05/2027 | 880 | 817 | 854 | — | % | |||||||||||||||||||||||||||||||||||||||||
Milan Laser Holdings LLC(9) | First lien senior secured loan | SR + | 5.00% | 04/2027 | 20,424 | 20,270 | 20,424 | 0.4 | % | |||||||||||||||||||||||||||||||||||||||||
Milan Laser Holdings LLC(9)(17)(18) | First lien senior secured revolving loan | SR + | 5.00% | 04/2026 | — | (12) | — | — | % | |||||||||||||||||||||||||||||||||||||||||
The Shade Store, LLC(10) | First lien senior secured loan | SR + | 6.00% | 10/2027 | 67,500 | 66,799 | 65,644 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
The Shade Store, LLC(10) | First lien senior secured loan | SR + | 7.00% | 10/2026 | 10,714 | 10,411 | 10,527 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||
The Shade Store, LLC(10)(17) | First lien senior secured revolving loan | SR + | 6.00% | 10/2026 | 1,909 | 1,845 | 1,722 | — | % | |||||||||||||||||||||||||||||||||||||||||
346,486 | 341,679 | 342,865 | 6.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Telecommunications | ||||||||||||||||||||||||||||||||||||||||||||||||||
Park Place Technologies, LLC(9)(22) | First lien senior secured loan | SR + | 5.00% | 11/2027 | $ | 1,145 | $ | 1,111 | $ | 1,076 | — | % | ||||||||||||||||||||||||||||||||||||||
1,145 | 1,111 | 1,076 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
Transportation | ||||||||||||||||||||||||||||||||||||||||||||||||||
Motus Group, LLC(6) | Second lien senior secured loan | L + | 6.50% | 12/2029 | $ | 10,000 | $ | 9,910 | $ | 9,800 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||
Safe Fleet Holdings, LLC(9)(22) | First lien senior secured loan | SR + | 3.75% | 02/2029 | 26,052 | 25,451 | 25,140 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||
36,052 | 35,361 | 34,940 | 0.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/non-affiliated portfolio company debt investments | $ | 10,075,509 | $ | 9,924,806 | $ | 9,802,730 | 186.3 | % | ||||||||||||||||||||||||||||||||||||||||||
Equity Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Automotive | ||||||||||||||||||||||||||||||||||||||||||||||||||
CD&R Value Building Partners I, L.P. (dba Belron)(23)(24)(26) | LP Interest | N/A | N/A | 33,061 | $ | 33,108 | $ | 33,957 | 0.6 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Metis HoldCo, Inc. (dba Mavis Tire Express Services)(16)(24) | Series A Convertible Preferred Stock | 7.00% PIK | N/A | 12,085 | 11,781 | 11,632 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||||
44,889 | 45,589 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||
Associations Finance, Inc.(16)(24) | Preferred Stock | 12.00% PIK | N/A | 215,000,000 | $ | 217,148 | $ | 218,299 | 4.2 | % | ||||||||||||||||||||||||||||||||||||||||
Dodge Construction Network Holdings, L.P.(10)(24) | Series A Preferred Units | SR + | 8.25% PIK | N/A | — | 3 | 3 | — | % | |||||||||||||||||||||||||||||||||||||||||
Dodge Construction Network Holdings, L.P.(24)(26) | Class A-2 Common Units | N/A | N/A | 143,963 | 123 | 122 | — | % | ||||||||||||||||||||||||||||||||||||||||||
217,274 | 218,424 | 4.2 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Business services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Denali Holding LP (dba Summit Companies)(24)(26) | Class A Units | N/A | N/A | 686,513 | $ | 7,076 | $ | 8,837 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||
Hercules Buyer, LLC (dba The Vincit Group)(24)(26)(28) | Common Units | N/A | N/A | 10,000 | 10 | 11 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Knockout Intermediate Holdings I Inc. (dba Kaseya)(16)(24) | Perpetual Preferred Stock | 11.75% PIK | N/A | 53,600 | 52,327 | 52,930 | 1.0 | % | ||||||||||||||||||||||||||||||||||||||||||
59,413 | 61,778 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Consumer products | ||||||||||||||||||||||||||||||||||||||||||||||||||
ASP Conair Holdings LP(24)(26) | Class A Units | N/A | N/A | 9,286 | $ | 929 | $ | 833 | — | % | ||||||||||||||||||||||||||||||||||||||||
929 | 833 | — | % | |||||||||||||||||||||||||||||||||||||||||||||||
Food and beverage | ||||||||||||||||||||||||||||||||||||||||||||||||||
Hissho Sushi Holdings, LLC(24)(26) | Class A Units | N/A | N/A | 941,780 | $ | 9,418 | $ | 10,404 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||
9,418 | 10,404 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Maia Aggregator, LP(24)(26) | Class A-2 Units | N/A | N/A | 12,921,348 | $ | 12,921 | $ | 13,711 | 0.3 | % | ||||||||||||||||||||||||||||||||||||||||
KPCI Holdings, L.P.(24)(26) | Class A Units | N/A | N/A | 1,781 | 2,313 | 2,472 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.)(16)(23)(24) | Class A Units | 8.00% PIK | N/A | 982 | 1,073 | 1,086 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.)(23)(24)(26) | Class B Units | N/A | N/A | 13,517 | 146 | 158 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Rhea Acquisition Holdings, LP(24)(26) | Series A-2 Units | N/A | N/A | 11,964,286 | 11,964 | 11,964 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||||
28,417 | 29,391 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
KOBHG Holdings, L.P. (dba OB Hospitalist)(24)(26) | Class A Interests | N/A | N/A | 3,520 | $ | 3,520 | $ | 3,269 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||
3,520 | 3,269 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Healthcare technology | ||||||||||||||||||||||||||||||||||||||||||||||||||
Minerva Holdco, Inc.(16)(24) | Series A Preferred Stock | 10.75% PIK | N/A | 106,896 | $ | 105,050 | $ | 96,206 | 1.8 | % | ||||||||||||||||||||||||||||||||||||||||
BEHP Co-Investor II, L.P.(23)(24)(26) | LP Interest | N/A | N/A | 1,269,969 | 1,266 | 1,265 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Orange Blossom Parent, Inc.(24)(26) | Common Equity | N/A | N/A | 16,667 | 1,667 | 1,667 | — | % | ||||||||||||||||||||||||||||||||||||||||||
WP Irving Co-Invest, L.P.(23)(24)(26) | Partnership Units | N/A | N/A | 1,250,000 | 1,251 | 1,250 | — | % | ||||||||||||||||||||||||||||||||||||||||||
109,234 | 100,388 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Household products | ||||||||||||||||||||||||||||||||||||||||||||||||||
Evology LLC(24)(26) | Class B Units | N/A | N/A | 316 | $ | 1,512 | $ | 1,940 | — | % | ||||||||||||||||||||||||||||||||||||||||
1,512 | 1,940 | — | % | |||||||||||||||||||||||||||||||||||||||||||||||
Human resource support services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)(16)(24) | Series A Preferred Stock | 10.50% PIK | N/A | 13,711 | $ | 13,425 | $ | 12,408 | 0.2 | % | ||||||||||||||||||||||||||||||||||||||||
13,425 | 12,408 | 0.2 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Accelerate Topco Holdings, LLC(24)(26) | Common Units | N/A | N/A | 88,211 | $ | 2,435 | $ | 2,435 | — | % | ||||||||||||||||||||||||||||||||||||||||
Evolution Parent, LP (dba SIAA)(24)(26) | LP Interest | N/A | N/A | 2,703 | 270 | 270 | — | % | ||||||||||||||||||||||||||||||||||||||||||
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(24)(26) | LP Interest | N/A | N/A | 421 | 426 | 421 | — | % | ||||||||||||||||||||||||||||||||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services)(24)(26) | Class A Units | N/A | N/A | 6,047,390 | 15,336 | 27,614 | 0.5 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
18,467 | 30,740 | 0.5 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Internet software and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(24)(26) | Common Units | N/A | N/A | 1,729,439 | $ | 1,729 | $ | 1,701 | — | % | ||||||||||||||||||||||||||||||||||||||||
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(23)(24)(26) | LP Interest | N/A | N/A | — | 987 | 987 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Elliott Alto Co-Investor Aggregator L.P.(23)(24)(26) | LP Interest | N/A | N/A | 6,530 | 6,549 | 6,530 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||
Picard Holdco, Inc.(10)(24) | Series A Preferred Stock | SR + | 12.00% PIK | N/A | 53,535 | 52,016 | 51,929 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
MessageBird Holding B.V.(23)(24)(26) | Extended Series C Warrants | N/A | N/A | 7,980 | 49 | 6 | — | % | ||||||||||||||||||||||||||||||||||||||||||
Project Alpine Co-Invest Fund, L.P.(23)(24)(26) | LP Interest | N/A | N/A | 17,000 | 17,010 | 17,000 | 0.3 | % | ||||||||||||||||||||||||||||||||||||||||||
Thunder Topco L.P. (dba Vector Solutions)(24)(26) | Common Units | N/A | N/A | 712,884 | 713 | 704 | — | % | ||||||||||||||||||||||||||||||||||||||||||
WMC Bidco, Inc. (dba West Monroe)(16)(24) | Senior Preferred Stock | 11.25% PIK | N/A | 36,855 | 36,077 | 34,459 | 0.7 | % | ||||||||||||||||||||||||||||||||||||||||||
Project Hotel California Co-Invest Fund, L.P.(23)(24)(26) | LP Interest | N/A | N/A | 3,522 | 3,525 | 3,522 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||
BCTO WIW Holdings, Inc. (dba When I Work)(24)(26) | Class A Common Stock | N/A | N/A | 57,000 | 5,700 | 5,134 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||
Zoro TopCo, Inc. (dba Zendesk, Inc.)(16)(24) | Series A Preferred Stock | 12.50% PIK | N/A | 16,562 | 15,982 | 15,982 | 0.3 | % | ||||||||||||||||||||||||||||||||||||||||||
Zoro TopCo, L.P. (dba Zendesk, Inc.)(24)(26) | Class A Common Units | N/A | N/A | 1,380,129 | 13,801 | 13,801 | 0.3 | % | ||||||||||||||||||||||||||||||||||||||||||
154,138 | 151,755 | 2.9 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Manufacturing | ||||||||||||||||||||||||||||||||||||||||||||||||||
Gloves Holdings, LP (dba Protective Industrial Products)(24)(26) | LP Interest | N/A | N/A | 1,000 | $ | 100 | $ | 118 | — | % | ||||||||||||||||||||||||||||||||||||||||
100 | 118 | — | % | |||||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/non-affiliated portfolio company equity investments | $ | 660,736 | $ | 667,037 | 12.4 | % | ||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/non-affiliated portfolio company investments | $ | 10,585,542 | $ | 10,469,767 | 198.7 | % | ||||||||||||||||||||||||||||||||||||||||||||
Non-controlled/affiliated portfolio company investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Equity Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Healthcare technology | ||||||||||||||||||||||||||||||||||||||||||||||||||
LSI Financing 1 DAC(23)(24)(26)(27)(30) | Preferred equity | N/A | N/A | 6,175 | $ | 6,224 | $ | 6,175 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||
6,224 | 6,175 | 0.1 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Total non-controlled/affiliated portfolio company equity investments | $ | 6,224 | $ | 6,175 | 0.1 | % | ||||||||||||||||||||||||||||||||||||||||||||
Controlled/affiliated portfolio company investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Asset Based Lending and Fund Finance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amergin Asset Management, LLC(23)(24)(26)(31) | Class A Units | N/A | N/A | 50,000,000 | $ | — | $ | — | — | % | ||||||||||||||||||||||||||||||||||||||||
AAM Series 2.1 Aviation Feeder, LLC(17)(19)(23)(24)(26)(31) | LLC Interest | N/A | N/A | 1,568 | 1,569 | 1,568 | — | % | ||||||||||||||||||||||||||||||||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(17)(19)(23)(24)(26)(31) | LLC Interest | N/A | N/A | — | — | — | — | % | ||||||||||||||||||||||||||||||||||||||||||
1,569 | 1,568 | — | % | |||||||||||||||||||||||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Fifth Season Investments LLC(24)(26)(27)(31) | Class A Units | N/A | N/A | 28 | $ | 89,680 | $ | 89,680 | 1.7 | % | ||||||||||||||||||||||||||||||||||||||||
89,680 | 89,680 | 1.7 | % |
Company(1)(2)(3)(20)(29) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(4)(25) | Fair Value | Percentage of Net Assets | |||||||||||||||||||||||||||||||||||||||||||
Investment Funds & Vehicles | ||||||||||||||||||||||||||||||||||||||||||||||||||
ORCIC Senior Loan Fund LLC(21)(23)(24)(27)(31)(33) | LLC Interest | N/A | N/A | 141,777 | $ | 141,777 | $ | 140,394 | 2.7 | % | ||||||||||||||||||||||||||||||||||||||||
141,777 | 140,394 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Total controlled/affiliated portfolio company equity investments | $ | 233,026 | $ | 231,642 | 4.4 | % | ||||||||||||||||||||||||||||||||||||||||||||
Total Investments | $ | 10,824,792 | $ | 10,707,584 | 203.2 | % |
Interest Rate Swaps as of December 31, 2022 | ||||||||||||||||||||||||||||||||||||||
Company Receives | Company Pays | Maturity Date | Notional Amount | Hedged Instrument | Footnote Reference | |||||||||||||||||||||||||||||||||
Interest rate swap | 7.75% | S+ 3.84% | 9/16/2027 | $ | 600,000 | September 2027 Notes | Note 6 | |||||||||||||||||||||||||||||||
Total | $ | 600,000 |
Portfolio Company | Investment | Acquisition Date | ||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC** | LLC Interest | July 1, 2022 | ||||||||||||
AAM Series 2.1 Aviation Feeder, LLC** | LLC Interest | July 1, 2022 | ||||||||||||
Accelerate Topco Holdings, LLC | Common Units | September 1, 2022 | ||||||||||||
Amergin Asset Management, LLC | Class A Units | July 1, 2022 | ||||||||||||
ASP Conair Holdings LP | Class A Units | May 17, 2021 | ||||||||||||
Associations Finance, Inc. | Preferred Stock | June 10, 2022 | ||||||||||||
BCTO WIW Holdings, Inc. (dba When I Work) | Class A Common Stock | November 2, 2021 | ||||||||||||
BEHP Co-Investor II, L.P. | LP Interest | May 6, 2022 | ||||||||||||
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi) | Common Units | October 1, 2021 | ||||||||||||
CD&R Value Building Partners I, L.P. (dba Belron) | LP Interest | December | ||||||||||||
Denali Holding LP (dba Summit Companies) | Class A Units | September 14, 2021 | ||||||||||||
Dodge Construction Network Holdings, L.P. | Class A-2 Common Units | February 23, 2022 | ||||||||||||
Dodge Construction Network Holdings, L.P. | Series A Preferred Units | February 23, 2022 | ||||||||||||
Elliott Alto Co-Investor Aggregator L.P. | LP Interest | September 28, 2022 | ||||||||||||
Evology LLC | Class B Units | January 21, 2022 | ||||||||||||
Evolution Parent, LP (dba SIAA) | LP Interest | April 30, 2021 | ||||||||||||
Fifth Season Investments LLC (fka Chapford SMA Partnership, L.P.)** | Class A Units | October 17, 2022 | ||||||||||||
Gloves Holding, LP (dba Protective Industrial Products) | LP Interest | December 28, 2020 | ||||||||||||
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway) | LP Interest | December 16, 2021 | ||||||||||||
Hercules Buyer, LLC (dba The Vincit Group) | Common Units | December 15, 2020 | ||||||||||||
Hissho Sushi Holdings, LLC | Class A Units | May 17, 2022 | ||||||||||||
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC) | LP Interest | June 8, 2022 | ||||||||||||
Knockout Intermediate Holdings I Inc. (dba Kaseya) | Perpetual Preferred Stock | June 22, 2022 | ||||||||||||
KOBHG Holdings, L.P. (dba OB Hospitalist) | Class A Interests | September 27, 2021 | ||||||||||||
KPCI Holdings, L.P. | Class A Units | November 25, 2020 | ||||||||||||
LSI Financing 1 DAC** | Preferred equity | December 14, 2022 | ||||||||||||
Maia Aggregator, LP | Class A-2 Units | February 1, 2022 | ||||||||||||
MessageBird Holding B.V. | Extended Series C Warrants | May 5, 2021 | ||||||||||||
Metis HoldCo, Inc. (dba Mavis Tire Express Services) | Series A Convertible Preferred Stock | May 3, 2021 | ||||||||||||
Minerva Holdco, Inc. | Series A Preferred Stock | February 14, 2022 | ||||||||||||
Orange Blossom Parent, Inc. | Common Equity | July 29, 2022 | ||||||||||||
ORCIC Senior Loan Fund LLC* | LLC Interest | November 2, 2022 | ||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.) | Class A Units | January 29, 2021 | ||||||||||||
Patriot Holdings SCSp (dba Corza Health, Inc.) | Class B Units | January 29, 2021 | ||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services) | Class A Units | November 1, 2021 | ||||||||||||
Picard Holdco, Inc. | Series A Preferred Stock | September 29, 2022 | ||||||||||||
Project Alpine Co-Invest Fund, L.P. | LP Interest | June 13, 2022 | ||||||||||||
Project Hotel California Co-Invest Fund, L.P. | LP Interest | August 9, 2022 | ||||||||||||
Rhea Acquistion Holdings, LP | Series A-2 Units | February 18, 2022 | ||||||||||||
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand) | Series A Preferred Stock | October 14, 2021 | ||||||||||||
Thunder Topco L.P. (dba Vector Solutions) | Common Units | June 30, 2021 |
Portfolio Company | Investment | Acquisition Date | ||||||||||||
WMC Bidco, Inc. (dba West Monroe) | Senior Preferred Stock | November | ||||||||||||
WP Irving Co-Invest, L.P. | Partnership Units | May 18, 2022 | ||||||||||||
Zoro TopCo, Inc. (dba Zendesk) | Class A Common Units | November 22, 2022 | ||||||||||||
Zoro TopCo, L.P. (dba Zendesk) | Series A Preferred Stock | November 22, 2022 |
Company | Fair value as of December 31, 2021 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gain/ (Loss) | Realized Gain/(Loss) | Fair value as of December 31, 2022 | Dividend Income | Other Income | ||||||||||||||||||||||||||||||||||||||||||
LSI Financing 1 DAC | $ | — | $ | 6,224 | $ | — | $ | (49) | $ | — | $ | 6,175 | $ | — | $ | — | ||||||||||||||||||||||||||||||||||
Total | $ | — | $ | 6,224 | $ | — | $ | (49) | $ | — | $ | 6,175 | $ | — | $ | — |
Company | Fair value as of December 31, 2021 | Gross Additions(a) | Gross Reductions(b) | Net Change in Unrealized Gain/ (Loss) | Realized Gain/(Loss) | Fair value as of December 31, 2022 | Dividend Income | Other Income | ||||||||||||||||||||||||||||||||||||||||||
AAM Series 2.1 Aviation Feeder, LLC (c) | $ | — | $ | 1,569 | $ | — | $ | (1) | $ | — | $ | 1,568 | $ | — | $ | — | ||||||||||||||||||||||||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC (c) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Fifth Season Investments LLC (fka Chapford SMA Partnership, L.P.) | — | 99,162 | (9,800) | — | — | 89,680 | 201 | — | ||||||||||||||||||||||||||||||||||||||||||
ORCIC Senior Loan Fund, LLC | — | 141,777 | — | (1,383) | — | 140,394 | 3,171 | — | ||||||||||||||||||||||||||||||||||||||||||
Total | $ | — | $ | 242,508 | $ | (9,800) | $ | (1,384) | $ | — | $ | 231,642 | $ | 3,372 | $ | — |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Increase (Decrease) in Net Assets Resulting from Operations | |||||||||||||||||||||||
Net investment income (loss) | $ | 106,013 | $ | 6,038 | $ | 217,677 | $ | 8,269 | |||||||||||||||
Net change in unrealized gain (loss) | 47,040 | 2,182 | (145,347) | 3,016 | |||||||||||||||||||
Net realized gain (loss) on investments | (182) | 915 | 386 | 922 | |||||||||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 152,871 | 9,135 | 72,716 | 12,207 | |||||||||||||||||||
Distributions | |||||||||||||||||||||||
Class S | (28,903) | (1,515) | (63,284) | (1,768) | |||||||||||||||||||
Class D | (7,852) | (846) | (17,866) | (1,185) | |||||||||||||||||||
Class I | (52,708) | (4,973) | (111,969) | (6,982) | |||||||||||||||||||
Net Decrease in Net Assets Resulting from Shareholders' Distributions | (89,463) | (7,334) | (193,119) | (9,935) | |||||||||||||||||||
Capital Share Transactions | |||||||||||||||||||||||
Class S: | |||||||||||||||||||||||
Issuance of shares of common stock | 229,005 | 136,218 | 1,095,257 | 162,798 | |||||||||||||||||||
Repurchase of common shares | (8,769) | — | (23,135) | — | |||||||||||||||||||
Reinvestment of shareholders' distributions | 9,333 | 410 | 19,227 | 480 | |||||||||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class S | 229,569 | 136,628 | 1,091,349 | 163,278 | |||||||||||||||||||
Class D: | |||||||||||||||||||||||
Issuance of shares of common stock | 50,343 | 34,701 | 238,491 | 65,893 | |||||||||||||||||||
Repurchase of common shares | (1,132) | (55) | (2,546) | (55) | |||||||||||||||||||
Reinvestment of shareholders' distributions | 3,060 | 365 | 6,921 | 479 | |||||||||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class D | 52,271 | 35,011 | 242,866 | 66,317 | |||||||||||||||||||
Class I: | |||||||||||||||||||||||
Issuance of shares of common stock | 515,241 | 246,709 | 1,946,144 | 385,557 | |||||||||||||||||||
Repurchase of common shares | (32,978) | (291) | (68,370) | (291) | |||||||||||||||||||
Reinvestment of shareholders' distributions | 17,350 | 1,044 | 33,943 | 1,283 | |||||||||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class I | 499,613 | 247,462 | 1,911,717 | 386,549 | |||||||||||||||||||
Total Increase (Decrease) in Net Assets | 844,861 | 420,902 | 3,125,529 | 618,416 | |||||||||||||||||||
Net Assets, at beginning of period | 3,861,396 | 209,787 | 1,580,728 | 12,273 | |||||||||||||||||||
Net Assets, at end of period | $ | 4,706,257 | $ | 630,689 | $ | 4,706,257 | $ | 630,689 |
For the Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
Increase (Decrease) in Net Assets Resulting from Operations | |||||||||||
Net investment income (loss) | $ | 165,575 | $ | 42,591 | |||||||
Net change in unrealized gain (loss) | 64,035 | (23,457) | |||||||||
Net realized gain (loss) on investments | (4,577) | 437 | |||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 225,033 | 19,571 | |||||||||
Distributions | |||||||||||
Class S | (42,432) | (13,725) | |||||||||
Class D | (11,218) | (4,134) | |||||||||
Class I | (79,924) | (22,520) | |||||||||
Net Decrease in Net Assets Resulting from Shareholders' Distributions | (133,574) | (40,379) | |||||||||
Capital Share Transactions | |||||||||||
Class S: | |||||||||||
Issuance of shares of common stock | 160,775 | 449,368 | |||||||||
Repurchase of common shares | (21,643) | (6,001) | |||||||||
Reinvestment of shareholders' distributions | 15,832 | 3,630 | |||||||||
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class S | 154,964 | 446,997 | |||||||||
Class D: | |||||||||||
Issuance of shares of common stock | 46,175 | 115,402 | |||||||||
Repurchase of common shares | (3,453) | (304) | |||||||||
Reinvestment of shareholders' distributions | 4,787 | 1,461 | |||||||||
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class D | 47,509 | 116,559 | |||||||||
Class I: | |||||||||||
Issuance of shares of common stock | 368,008 | 650,996 | |||||||||
Repurchase of common shares | (68,024) | (16,978) | |||||||||
Reinvestment of shareholders' distributions | 28,728 | 5,885 | |||||||||
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class I | 328,712 | 639,903 | |||||||||
Total Increase (Decrease) in Net Assets | 622,644 | 1,182,651 | |||||||||
Net Assets, at beginning of period | 5,249,753 | 1,580,728 | |||||||||
Net Assets, at end of period | $ | 5,872,397 | $ | 2,763,379 |
For the Three Months Ended March 31, | |||||||||||||||||
2023 | 2022 | ||||||||||||||||
Cash Flows from Operating Activities | |||||||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 225,033 | $ | 19,571 | |||||||||||||
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities: | |||||||||||||||||
Purchases of investments, net | (858,378) | (2,501,553) | |||||||||||||||
Proceeds from investments and investment repayments, net | 78,272 | 46,050 | |||||||||||||||
Net change in unrealized (gain) loss on investments | (63,904) | 23,285 | |||||||||||||||
Net change in unrealized (gain) loss on interest rate swap attributed to unsecured notes | (676) | — | |||||||||||||||
Net change in unrealized (gain) loss on translation of assets and liabilities in foreign currencies | (138) | 172 | |||||||||||||||
Net change in unrealized (gain) loss on Income tax (provision) benefit | 7 | — | |||||||||||||||
Net realized (gain) loss on investments | 4,577 | (250) | |||||||||||||||
Paid-in-kind interest and dividends | (33,563) | (7,876) | |||||||||||||||
Net amortization/accretion of premium/discount on investments | (6,804) | (2,259) | |||||||||||||||
Amortization of debt issuance costs | 3,697 | 1,408 | |||||||||||||||
Amortization of offering costs | 613 | 1,171 | |||||||||||||||
Changes in operating assets and liabilities: | |||||||||||||||||
(Increase) decrease in interest receivable | (1,766) | (8,498) | |||||||||||||||
(Increase) decrease in due from affiliates | 20,202 | (4,062) | |||||||||||||||
(Increase) decrease in prepaid expenses and other assets | (320) | (13,314) | |||||||||||||||
Increase (decrease) in payable for investments purchased | 71,999 | 310,582 | |||||||||||||||
Increase (decrease) in payables to affiliates | 509 | 1,626 | |||||||||||||||
Increase (decrease) in accrued expenses and other liabilities | (28,398) | 5,576 | |||||||||||||||
Net cash used in operating activities | (589,038) | (2,128,371) | |||||||||||||||
Cash Flows from Financing Activities | |||||||||||||||||
Borrowings on debt | 992,000 | 2,693,564 | |||||||||||||||
Repayments of debt | (545,000) | (1,663,601) | |||||||||||||||
Debt issuance costs | (3,532) | (25,278) | |||||||||||||||
Repurchase of common stock | (110,836) | (1,413) | |||||||||||||||
Proceeds from issuance of common shares | 574,958 | 1,215,766 | |||||||||||||||
Distributions paid to shareholders | (79,748) | (22,540) | |||||||||||||||
Net cash provided by financing activities | 827,842 | 2,196,498 | |||||||||||||||
Net increase (decrease) in cash and restricted cash, including foreign cash (restricted cash of | 238,804 | 68,127 | |||||||||||||||
Cash and restricted cash, beginning of period | 225,247 | 21,459 | |||||||||||||||
Cash and restricted cash, end of period | $ | 464,051 | $ | 89,586 | |||||||||||||
Supplemental and Non-Cash Information | |||||||||||||||||
Interest paid during the period | $ | 112,416 | $ | 8,997 | |||||||||||||
Distributions declared during the period | $ | 133,574 | $ | 40,379 | |||||||||||||
Reinvestment of distributions during the period | $ | 49,347 | $ | 10,976 | |||||||||||||
Distributions payable | $ | 41,515 | $ | 15,868 |
For the Nine Months Ended September 30, | |||||||||||
2022 | 2021 | ||||||||||
Cash Flows from Operating Activities | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 72,716 | $ | 12,207 | |||||||
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities: | |||||||||||
Purchases of investments, net | (7,495,239) | (1,841,997) | |||||||||
Proceeds from investments and investment repayments, net | 499,443 | 420,227 | |||||||||
Net change in unrealized (gain) loss on investments | 142,695 | (3,023) | |||||||||
Net change in unrealized (gain) loss on translation of assets and liabilities in foreign currencies | 2,652 | 7 | |||||||||
Net realized (gain) loss on investments | (125) | (924) | |||||||||
Net realized (gain) loss on foreign currency transactions relating to investments | (261) | — | |||||||||
Paid-in-kind interest and dividends | (37,613) | (558) | |||||||||
Net amortization/accretion of premium/discount on investments | (11,616) | (888) | |||||||||
Amortization of debt issuance costs | 7,036 | 627 | |||||||||
Amortization of offering costs | 3,440 | — | |||||||||
Changes in operating assets and liabilities: | |||||||||||
(Increase) decrease in interest receivable | (43,009) | (5,931) | |||||||||
(Increase) decrease in receivable for investments sold | (1,965) | (110,131) | |||||||||
(Increase) decrease in prepaid expenses and other assets | (4,777) | (2,680) | |||||||||
Increase (decrease) in payable for investments purchased | 32,425 | 7,980 | |||||||||
Increase (decrease) in payables to affiliates | 13,391 | 5,806 | |||||||||
Increase (decrease) in tender payable | 41,465 | 347 | |||||||||
Increase (decrease) in accrued expenses and other liabilities | 38,173 | 3,454 | |||||||||
Net cash used in operating activities | (6,741,169) | (1,515,477) | |||||||||
Cash Flows from Financing Activities | |||||||||||
Borrowings on debt | 8,348,247 | 1,993,455 | |||||||||
Repayments of debt | (4,479,600) | (968,100) | |||||||||
Debt issuance costs | (49,880) | (13,699) | |||||||||
Repurchase of common stock | (94,051) | — | |||||||||
Proceeds from issuance of common shares | 3,279,892 | 613,902 | |||||||||
Distributions paid to shareholders | (108,548) | (4,339) | |||||||||
Net cash provided by financing activities | 6,896,060 | 1,621,219 | |||||||||
Net increase (decrease) in cash | 154,891 | 105,742 | |||||||||
Cash, beginning of period | 21,459 | 8,153 | |||||||||
Cash, end of period | $ | 176,350 | $ | 113,895 | |||||||
Supplemental and Non-Cash Information | |||||||||||
Interest paid during the period | $75,272 | $2,411 | |||||||||
Distributions declared during the period | $193,119 | $9,935 | |||||||||
Reinvestment of distributions during the period | $60,091 | $2,242 | |||||||||
Distributions payable | $33,485 | $3,354 |
For the Quarter Ended | Amount of Expense Support | Recoupment of Expense Support | Unreimbursed Expense Support | Effective Rate of Distribution per Share(1) | Reimbursement Eligibility Expiration | Operating Expense Ratio(2) | ||||||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||||||||||||
March 31, 2021 | $ | 822 | $ | 822 | $ | — | 6.7 | % | March 31, 2024 | 9.47 | % | |||||||||||||||||||||||||||
June 30, 2021 | 1,756 | 1,756 | — | 6.6 | % | June 30, 2024 | 2.43 | % | ||||||||||||||||||||||||||||||
March 31, 2022 | 4,062 | — | 4,062 | 7.2 | % | March 31, 2025 | 0.67 | % | ||||||||||||||||||||||||||||||
June 30, 2022 | 2,713 | — | 2,713 | 7.4 | % | June 30, 2025 | 0.67 | % | ||||||||||||||||||||||||||||||
September 30, 2022 | — | — | — | 8.3 | % | September 30, 2025 | 0.72 | % | ||||||||||||||||||||||||||||||
Total | $ | 9,353 | $ | 2,578 | $ | 6,775 |
For the Quarter Ended | Amount of Expense Support | Recoupment of Expense Support | Unreimbursed Expense Support | Effective Rate of Distribution per Share(1) | Reimbursement Eligibility Expiration | Operating Expense Ratio(2) | ||||||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||||||||||||
March 31, 2021 | $ | 822 | $ | 822 | $ | — | 6.7 | % | March 31, 2024 | 9.47 | % | |||||||||||||||||||||||||||
June 30, 2021 | 1,756 | 1,756 | — | 6.6 | % | June 30, 2024 | 2.43 | % | ||||||||||||||||||||||||||||||
March 31, 2022 | 4,062 | — | 4,062 | 7.2 | % | March 31, 2025 | 0.67 | % | ||||||||||||||||||||||||||||||
June 30, 2022 | 2,713 | — | 2,713 | 7.4 | % | June 30, 2025 | 0.67 | % | ||||||||||||||||||||||||||||||
September 30, 2022 | — | — | — | 8.3 | % | September 30, 2025 | 0.72 | % | ||||||||||||||||||||||||||||||
December 31, 2022 | — | 6,775 | (6,775) | 8.8 | % | December 31, 2025 | 0.62 | % | ||||||||||||||||||||||||||||||
March 31, 2023 | — | — | — | 9.7 | % | N/A | 0.61 | % | ||||||||||||||||||||||||||||||
Total | $ | 9,353 | $ | 9,353 | $ | — |
September 30, 2022 | December 31, 2021 | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | ($ in thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | |||||||||||||||||||||||||||||||||||||||
First-lien senior secured debt investments | First-lien senior secured debt investments | $ | 8,269,401 | $ | 8,189,910 | $ | 2,490,219 | $ | 2,491,334 | First-lien senior secured debt investments | $ | 9,149,385 | $ | 9,140,820 | $ | 8,499,854 | $ | 8,448,540 | |||||||||||||||||||||||||||||||
Second-lien senior secured debt investments | Second-lien senior secured debt investments | 1,044,817 | 983,533 | 496,559 | 498,247 | Second-lien senior secured debt investments | 1,205,502 | 1,156,893 | 1,203,388 | 1,142,862 | |||||||||||||||||||||||||||||||||||||||
Unsecured debt investments | Unsecured debt investments | 217,517 | 198,777 | 2,164 | 2,116 | Unsecured debt investments | 225,728 | 220,622 | 221,564 | 211,328 | |||||||||||||||||||||||||||||||||||||||
Preferred equity investments | Preferred equity investments | 478,809 | 468,123 | 56,696 | 56,970 | Preferred equity investments | 611,288 | 605,447 | 510,033 | 500,023 | |||||||||||||||||||||||||||||||||||||||
Common equity investments | Common equity investments | 151,503 | 163,161 | 71,259 | 71,705 | Common equity investments | 266,102 | 282,725 | 248,176 | 264,437 | |||||||||||||||||||||||||||||||||||||||
Investment funds and vehicles(3) | Investment funds and vehicles(3) | 182,683 | 184,517 | 141,777 | 140,394 | ||||||||||||||||||||||||||||||||||||||||||||
Total Investments | Total Investments | $ | 10,162,047 | $ | 10,003,504 | $ | 3,116,897 | $ | 3,120,372 | Total Investments | $ | 11,640,688 | $ | 11,591,024 | $ | 10,824,792 | $ | 10,707,584 |
March 31, 2023 | December 31, 2022 | ||||||||||
Advertising and media | 2.6 | % | 2.8 | % | |||||||
Aerospace and defense | 0.3 | 0.4 | |||||||||
Asset based lending and fund finance(1) | 1.2 | 1.2 | |||||||||
Automotive | 1.3 | 1.4 | |||||||||
Buildings and real estate | 4.1 | 4.0 | |||||||||
Business services | 7.3 | 7.3 | |||||||||
Chemicals | 1.6 | 1.7 | |||||||||
Consumer products | 2.4 | 2.4 | |||||||||
Containers and packaging | 3.7 | 3.6 | |||||||||
Distribution | 2.2 | 2.3 | |||||||||
Education | 1.4 | 1.4 | |||||||||
Energy equipment and services | 0.1 | 0.1 | |||||||||
Financial services | 2.5 | 2.6 | |||||||||
Food and beverage | 5.5 | 5.8 |
March 31, 2023 | December 31, 2022 | ||||||||||
Healthcare equipment and services | 4.4 | 3.9 | |||||||||
Healthcare providers and services | 13.3 | 14.4 | |||||||||
Healthcare technology | 4.9 | 5.2 | |||||||||
Household products | 2.2 | 2.4 | |||||||||
Human resource support services | 1.1 | 1.1 | |||||||||
Infrastructure and environmental services | 0.9 | 0.9 | |||||||||
Insurance(2) | 10.3 | 9.7 | |||||||||
Internet software and services | 14.0 | 13.6 | |||||||||
Investment funds and vehicles(3) | 1.6 | 1.3 | |||||||||
Leisure and entertainment | 1.1 | 1.2 | |||||||||
Manufacturing | 3.4 | 3.0 | |||||||||
Pharmaceuticals(4) | 0.7 | — | |||||||||
Professional services | 2.7 | 2.8 | |||||||||
Specialty retail | 2.9 | 3.2 | |||||||||
Telecommunications | — | — | |||||||||
Transportation | 0.3 | 0.3 | |||||||||
Total | 100.0 | % | 100.0 | % |
September 30, 2022 | December 31, 2021 | ||||||||||
Advertising and media | 3.0 | % | 2.8 | % | |||||||
Aerospace and defense | 0.5 | 0.5 | |||||||||
Automotive | 1.0 | 1.7 | |||||||||
Buildings and real estate | 4.4 | 4.0 | |||||||||
Business services | 7.6 | 7.7 | |||||||||
Chemicals | 1.6 | 3.4 | |||||||||
Consumer products | 2.7 | 3.6 | |||||||||
Containers and packaging | 3.8 | 4.8 | |||||||||
Distribution | 2.7 | 1.7 | |||||||||
Education | 1.6 | 0.2 | |||||||||
Energy equipment and services | 0.3 | — | |||||||||
Financial services | 3.6 | 4.3 | |||||||||
Food and beverage | 6.5 | 1.5 | |||||||||
Healthcare equipment and services | 4.7 | 4.1 | |||||||||
Healthcare providers and services | 12.6 | 8.6 | |||||||||
Healthcare technology | 6.3 | 7.0 | |||||||||
Household products | 2.5 | 0.3 | |||||||||
Human resource support services | 1.2 | 4.0 | |||||||||
Infrastructure and environmental services | 1.0 | 0.9 | |||||||||
Insurance | 8.2 | 12.4 | |||||||||
Internet software and services | 12.6 | 12.3 | |||||||||
Leisure and entertainment | 1.4 | 3.0 | |||||||||
Manufacturing | 3.3 | 2.4 | |||||||||
Professional services | 3.1 | 3.6 | |||||||||
Specialty retail | 3.3 | 4.8 | |||||||||
Telecommunications | 0.2 | 0.1 | |||||||||
Transportation | 0.3 | 0.3 | |||||||||
Total | 100.0 | % | 100.0 | % |
March 31, 2023 | December 31, 2022 | ||||||||||
United States: | |||||||||||
Midwest | 18.9 | % | 20.4 | % | |||||||
Northeast | 20.4 | 20.0 | |||||||||
South | 31.9 | 29.7 | |||||||||
West | 19.1 | 20.7 | |||||||||
International | 9.7 | 9.2 | |||||||||
Total | 100.0 | % | 100.0 | % |
September 30, 2022 | December 31, 2021 | ||||||||||
United States: | |||||||||||
Midwest | 22.9 | % | 22.8 | % | |||||||
Northeast | 17.1 | 17.1 | |||||||||
South | 32.9 | 28.0 | |||||||||
West | 18.8 | 26.8 | |||||||||
International | 8.3 | 5.3 | |||||||||
Total | 100.0 | % | 100.0 | % |
September 30, 2022 | |||||||||||||||||||||||
($ in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||
First-lien senior secured debt investments | $ | — | $ | 1,020,868 | $ | 7,169,042 | $ | 8,189,910 | |||||||||||||||
Second-lien senior secured debt investments | — | 191,557 | 791,976 | 983,533 | |||||||||||||||||||
Unsecured debt investments | — | 49,526 | 149,251 | 198,777 | |||||||||||||||||||
Preferred equity investments | — | — | 468,123 | 468,123 | |||||||||||||||||||
Common equity investments | — | — | 163,161 | 163,161 | |||||||||||||||||||
Total Investments | $ | — | $ | 1,261,951 | $ | 8,741,553 | $ | 10,003,504 |
December 31, 2021 | |||||||||||||||||||||||
($ in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||
First-lien senior secured debt investments | $ | — | $ | 162,988 | $ | 2,328,346 | $ | 2,491,334 | |||||||||||||||
Second-lien senior secured debt investments | — | 47,770 | 450,477 | 498,247 | |||||||||||||||||||
Unsecured debt investments | — | — | 2,116 | 2,116 | |||||||||||||||||||
Preferred equity investments | — | — | 56,970 | 56,970 | |||||||||||||||||||
Common equity investments | — | — | 71,705 | 71,705 | |||||||||||||||||||
Total Investments | $ | — | $ | 210,758 | $ | 2,909,614 | $ | 3,120,372 |
($ in thousands) | March 31, 2023 | December 31, 2022 | |||||||||
Total senior secured debt investments(1) | $ | 672,631 | $ | 529,463 | |||||||
Weighted average spread over base rate(1) | 3.8 | % | 4.4 | % | |||||||
Number of portfolio companies | 116 | 74 | |||||||||
Largest funded investment to a single borrower(1) | $ | 14,520 | $ | 14,547 |
ORCIC Senior Loan Fund's Portfolio as of March 31, 2023 ($ in thousands) (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Debt Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aerospace and defense | ||||||||||||||||||||||||||||||||||||||||||||||||||
American Airlines, Inc.(11) | First lien senior secured loan | SR + | 2.75% | 02/2028 | $ | 2,000 | $ | 1,961 | $ | 1,952 | 0.9 | % | ||||||||||||||||||||||||||||||||||||||
Bleriot US Bidco Inc.(7) | First lien senior secured loan | L + | 4.00% | 10/2026 | 5,260 | 5,171 | 5,258 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
Peraton Corp.(6) | First lien senior secured loan | L + | 3.75% | 02/2028 | 7,552 | 7,285 | 7,442 | 3.5 | % | |||||||||||||||||||||||||||||||||||||||||
Transdigm, Inc.(10) | First lien senior secured loan | SR + | 3.25% | 08/2028 | 4,000 | 3,991 | 3,985 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Transdigm, Inc.(10) | First lien senior secured loan | SR + | 3.25% | 02/2027 | 2,993 | 2,937 | 2,986 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
21,805 | 21,345 | 21,623 | 10.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Automotive | ||||||||||||||||||||||||||||||||||||||||||||||||||
PAI Holdco, Inc.(7)(12) | First lien senior secured loan | L + | 3.75% | 10/2027 | 4,937 | 4,543 | 4,616 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||||
4,937 | 4,543 | 4,616 | 2.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||
CPG International LLC(9) | First lien senior secured loan | SR + | 2.50% | 04/2029 | 1,995 | 1,975 | 1,967 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Beacon Roofing Supply, Inc.(6) | First lien senior secured loan | L + | 2.25% | 05/2028 | 1,995 | 1,992 | 1,981 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Cushman & Wakefield U.S. Borrower, LLC(6) | First lien senior secured loan | L + | 2.75% | 08/2025 | 2,000 | 1,965 | 1,947 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Dodge Construction Network, LLC(11)(12) | First lien senior secured loan | SR + | 4.75% | 02/2029 | 5,260 | 4,916 | 4,419 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
RealPage, Inc.(6) | First lien senior secured loan | L + | 3.00% | 04/2028 | 10,520 | 9,926 | 10,186 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||||
Wrench Group LLC(7)(12) | First lien senior secured loan | L + | 4.00% | 04/2026 | 9,736 | 9,716 | 9,444 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
31,506 | 30,490 | 29,944 | 14.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Business services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Prime Security Services Borrower, LLC(7) | First lien senior secured loan | L + | 2.75% | 09/2026 | 1,995 | 1,965 | 1,986 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
BrightView Landscapes, LLC(10) | First lien senior secured loan | SR + | 3.25% | 04/2029 | 10,515 | 10,219 | 10,248 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||||
ConnectWise, LLC(6) | First lien senior secured loan | L + | 3.50% | 09/2028 | 10,520 | 9,958 | 10,136 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||||
Packers Holdings, LLC(9) | First lien senior secured loan | SR + | 3.25% | 03/2028 | 6,174 | 5,688 | 5,568 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
Brown Group Holdings, LLC(10) | First lien senior secured loan | SR + | 3.75% | 07/2029 | 2,021 | 2,001 | 2,018 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Sitel Worldwide Corporation(6) | First lien senior secured loan | L + | 3.75% | 08/2028 | 2,992 | 2,923 | 2,953 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
VM Consolidated, Inc(9) | First lien senior secured loan | SR + | 3.25% | 03/2028 | 2,456 | 2,431 | 2,451 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Vistage Worldwide, Inc.(9)(12) | First lien senior secured loan | SR + | 5.25% | 07/2029 | 3,980 | 3,827 | 3,910 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
40,653 | 39,012 | 39,270 | 18.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Chemicals |
ORCIC Senior Loan Fund's Portfolio as of March 31, 2023 ($ in thousands) (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(9)(12) | First lien senior secured loan | SR + | 4.75% | 11/2027 | 2,993 | 2,796 | 2,933 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||||
Axalta Coating Systems US Holdings Inc.(10) | First lien senior secured loan | SR + | 3.00% | 12/2029 | 4,813 | 4,768 | 4,814 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
H.B. Fuller Company(9) | First lien senior secured loan | SR + | 2.50% | 02/2030 | 2,000 | 2,000 | 2,007 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Ineos US Petrochem LLC(9)(12) | First lien senior secured loan | SR + | 3.75% | 03/2030 | 2,000 | 1,980 | 1,990 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Ineos US Finance LLC(9) | First lien senior secured loan | SR + | 3.50% | 02/2030 | 2,000 | 1,980 | 1,987 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Ineos US Finance LLC(9) | First lien senior secured loan | SR + | 3.75% | 11/2027 | 3,000 | 2,897 | 2,992 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Nouryon Finance B.V.(9)(12) | First lien senior secured loan | SR + | 4.00% | 03/2028 | 2,000 | 1,980 | 1,995 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Blue Tree Holdings, Inc(7)(12) | First lien senior secured loan | L + | 2.50% | 03/2028 | 1,995 | 1,985 | 1,950 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
20,801 | 20,386 | 20,668 | 9.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Consumer products | ||||||||||||||||||||||||||||||||||||||||||||||||||
Olaplex, Inc.(9) | First lien senior secured loan | SR + | 3.50% | 02/2029 | 5,260 | 4,893 | 4,677 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||||
5,260 | 4,893 | 4,677 | 2.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Containers and packaging | ||||||||||||||||||||||||||||||||||||||||||||||||||
Berlin Packaging L.L.C.(7) | First lien senior secured loan | L + | 3.75% | 03/2028 | 11,577 | 11,139 | 11,380 | 5.4 | % | |||||||||||||||||||||||||||||||||||||||||
BW Holding, Inc.(10)(12) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 7,748 | 7,623 | 7,360 | 3.5 | % | |||||||||||||||||||||||||||||||||||||||||
Charter NEX US, Inc.(9) | First lien senior secured loan | SR + | 3.75% | 12/2027 | 5,000 | 4,952 | 4,930 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Valcour Packaging, LLC(8)(12) | First lien senior secured loan | L + | 3.75% | 10/2028 | 9,900 | 9,880 | 8,861 | 4.2 | % | |||||||||||||||||||||||||||||||||||||||||
Ring Container Technologies Group, LLC(6) | First lien senior secured loan | L + | 3.50% | 08/2028 | 9,737 | 9,570 | 9,677 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Tricorbraun Holdings, Inc.(6) | First lien senior secured loan | L + | 3.25% | 03/2028 | 10,520 | 9,994 | 10,255 | 4.9 | % | |||||||||||||||||||||||||||||||||||||||||
54,482 | 53,158 | 52,463 | 24.9 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Distribution | ||||||||||||||||||||||||||||||||||||||||||||||||||
Dealer Tire, LLC(9) | First lien senior secured loan | SR + | 4.50% | 12/2027 | 3,949 | 3,882 | 3,917 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(9) | First lien senior secured loan | SR + | 4.63% | 06/2026 | 9,738 | 9,433 | 9,602 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
SRS Distribution, Inc.(6) | First lien senior secured loan | L + | 3.50% | 06/2028 | 10,546 | 9,843 | 10,165 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||||
White Cap Supply Holdings, LLC(9) | First lien senior secured loan | SR + | 3.75% | 10/2027 | 10,547 | 10,021 | 10,412 | 4.9 | % | |||||||||||||||||||||||||||||||||||||||||
34,780 | 33,179 | 34,096 | 16.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Education | ||||||||||||||||||||||||||||||||||||||||||||||||||
Sophia, L.P.(9)(12) | First lien senior secured loan | SR + | 4.25% | 10/2027 | 9,738 | 9,719 | 9,738 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Severin Acquisition, LLC (dba Powerschool)(9) | First lien senior secured loan | SR + | 3.00% | 08/2025 | 4,884 | 4,804 | 4,875 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Renaissance Learning, Inc.(6) | First lien senior secured loan | L + | 3.25% | 05/2025 | 3,500 | 3,395 | 3,399 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
18,122 | 17,918 | 18,012 | 8.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Energy equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
AMG Advanced Metallurgical Group N.V(6) | First lien senior secured loan | L + | 3.50% | 11/2028 | 3,456 | 3,428 | 3,422 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
AZZ Inc.(9) | First lien senior secured loan | SR + | 4.25% | 05/2029 | 7,925 | 7,862 | 7,912 | 3.8 | % | |||||||||||||||||||||||||||||||||||||||||
Pike Corp.(6) | First lien senior secured loan | L + | 3.00% | 01/2028 | 9,800 | 9,617 | 9,715 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Brookfield WEC Holdings Inc.(9) | First lien senior secured loan | SR + | 3.75% | 08/2025 | 3,483 | 3,459 | 3,472 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
24,664 | 24,366 | 24,521 | 11.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Financial services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Acuris Finance US, Inc. (ION Analytics) (10) | First lien senior secured loan | SR + | 4.00% | 02/2028 | 4,500 | 4,401 | 4,333 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
AllSpring Buyer(10) | First lien senior secured loan | SR + | 4.00% | 11/2028 | 4,975 | 4,913 | 4,957 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
Deerfield Dakota Holding, LLC(10) | First lien senior secured loan | SR + | 3.75% | 04/2027 | 7,890 | 7,525 | 7,627 | 3.6 | % | |||||||||||||||||||||||||||||||||||||||||
The Edelman Financial Engines Center, LLC(6) | First lien senior secured loan | L + | 3.75% | 04/2028 | 3,990 | 3,900 | 3,837 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
Focus Financial Partners, LLC(9) | First lien senior secured loan | SR + | 3.25% | 06/2028 | 4,975 | 4,893 | 4,918 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Guggenheim Partners Investment Management Holdings, LLC(10) | First lien senior secured loan | SR + | 3.25% | 12/2029 | 4,988 | 4,904 | 4,953 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
31,318 | 30,536 | 30,625 | 14.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Food and beverage |
ORCIC Senior Loan Fund's Portfolio as of March 31, 2023 ($ in thousands) (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Nomad Foods Europe Midco Ltd.(9) | First lien senior secured loan | SR + | 3.75% | 11/2029 | 5,000 | 4,807 | 4,992 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
Pegasus BidCo B.V.(10) | First lien senior secured loan | SR + | 4.25% | 07/2029 | 5,486 | 5,305 | 5,390 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
Shearer’s Foods, LLC(6) | First lien senior secured loan | L + | 3.50% | 09/2027 | 8,785 | 8,203 | 8,565 | 4.1 | % | |||||||||||||||||||||||||||||||||||||||||
Naked Juice LLC (dba Tropicana)(10) | First lien senior secured loan | SR + | 3.25% | 01/2029 | 10,547 | 9,674 | 9,249 | 4.3 | % | |||||||||||||||||||||||||||||||||||||||||
29,818 | 27,989 | 28,196 | 13.4 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Confluent Medical Technologies, Inc.(10)(12) | First lien senior secured loan | SR + | 3.75% | 02/2029 | 9,738 | 9,602 | 9,421 | 4.5 | % | |||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(10) | First lien senior secured loan | SR + | 4.25% | 03/2029 | 9,925 | 9,808 | 9,702 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(10)(13) | First lien senior secured delayed draw term loan | SR + | 4.25% | 03/2029 | 1,767 | 1,757 | 1,727 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(6) | First lien senior secured loan | L + | 3.25% | 10/2028 | 8,306 | 7,777 | 8,089 | 3.8 | % | |||||||||||||||||||||||||||||||||||||||||
MJH Healthcare Holdings, LLC(9) | First lien senior secured loan | SR + | 3.50% | 01/2029 | 3,822 | 3,760 | 3,721 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
Natus Medical Inc.(10)(12) | First lien senior secured loan | SR + | 5.50% | 07/2029 | 4,489 | 4,182 | 4,242 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||||
Zest Acquisition Corp.(9) | First lien senior secured loan | SR + | 5.50% | 02/2028 | 3,990 | 3,797 | 3,833 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
42,037 | 40,683 | 40,735 | 19.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Covetrus, Inc.(10) | First lien senior secured loan | SR + | 5.00% | 10/2029 | 9,500 | 8,957 | 8,942 | 4.2 | % | |||||||||||||||||||||||||||||||||||||||||
HAH Group Holding Company LLC(7)(12)(13) | First lien senior secured delayed draw term loan | L + | 5.00% | 10/2027 | — | — | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Phoenix Newco, Inc. (dba Parexel)(6) | First lien senior secured loan | L + | 3.25% | 11/2028 | 7,425 | 7,164 | 7,331 | 3.5 | % | |||||||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC(6) | First lien senior secured loan | L + | 3.25% | 12/2028 | 3,413 | 3,350 | 3,329 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
Physician Partners, LLC(10) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 9,925 | 9,404 | 9,308 | 4.4 | % | |||||||||||||||||||||||||||||||||||||||||
Premise Health Holding(10)(12) | First lien senior secured loan | SR + | 4.75% | 07/2025 | 3,226 | 3,193 | 3,201 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||||
33,489 | 32,068 | 32,111 | 15.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare technology | ||||||||||||||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(9) | First lien senior secured loan | SR + | 3.50% | 02/2029 | 9,379 | 8,640 | 8,769 | 4.2 | % | |||||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(9)(13) | First lien senior secured delayed draw term loan | SR + | 3.50% | 02/2029 | — | (108) | (69) | — | % | |||||||||||||||||||||||||||||||||||||||||
Gainwell Acquisition Corp.(10) | First lien senior secured loan | SR + | 4.00% | 10/2027 | 2,992 | 2,956 | 2,850 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Imprivata, Inc.(9) | First lien senior secured loan | SR + | 4.25% | 12/2027 | 9,738 | 9,569 | 9,543 | 4.5 | % | |||||||||||||||||||||||||||||||||||||||||
Verscend Holding Corp.(6) | First lien senior secured loan | L + | 4.00% | 08/2025 | 9,919 | 9,809 | 9,896 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Zelis Cost Management Buyer, Inc.(6) | First lien senior secured loan | L + | 3.50% | 09/2026 | 4,489 | 4,484 | 4,463 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
36,517 | 35,350 | 35,452 | 16.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Infrastructure and environmental services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Osmose Utilities Services, Inc.(6) | First lien senior secured loan | L + | 3.25% | 06/2028 | 9,737 | 9,056 | 9,328 | 4.4 | % | |||||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6) | First lien senior secured loan | L + | 3.50% | 05/2028 | 2,970 | 2,830 | 2,868 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
12,707 | 11,886 | 12,196 | 5.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(10) | First lien senior secured loan | SR + | 5.75% | 02/2027 | 7,481 | 7,181 | 7,406 | 3.5 | % | |||||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(9) | First lien senior secured loan | SR + | 4.25% | 02/2027 | 4,975 | 4,812 | 4,950 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
Broadstreet Partners, Inc(6) | First lien senior secured loan | L + | 3.00% | 01/2027 | 4,166 | 4,115 | 4,073 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Hub International Limited(7) | First lien senior secured loan | L + | 3.25% | 04/2025 | 9,899 | 9,749 | 9,865 | 4.7 | % | |||||||||||||||||||||||||||||||||||||||||
Howden Group Holdings Limited (aka HIG Finance 2 Limited / Preatorian)(9)(12) | First lien senior secured loan | SR + | 4.00% | 03/2030 | 4,000 | 3,840 | 3,970 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
30,521 | 29,697 | 30,264 | 14.4 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Internet software and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Barracuda Parent, LLC(10) | First lien senior secured loan | SR + | 4.50% | 08/2029 | 10,574 | 10,131 | 10,160 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||||
Boxer Parent Company Inc(6) | First lien senior secured loan | L + | 3.75% | 10/2025 | 1,994 | 1,972 | 1,966 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
CDK Global, Inc.(10) | First lien senior secured loan | SR + | 4.25% | 07/2029 | 10,574 | 10,350 | 10,527 | 5.0 | % | |||||||||||||||||||||||||||||||||||||||||
DCert Buyer, Inc.(11) | First lien senior secured loan | SR + | 4.00% | 10/2026 | 1,995 | 1,983 | 1,949 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
E2open, LLC(6) | First lien senior secured loan | L + | 3.50% | 02/2028 | 3,859 | 3,752 | 3,816 | 1.8 | % |
ORCIC Senior Loan Fund's Portfolio as of March 31, 2023 ($ in thousands) (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Hyland Software, Inc.(6) | First lien senior secured loan | L + | 3.50% | 07/2024 | 9,922 | 9,743 | 9,795 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Idera, Inc.(7) | First lien senior secured loan | L + | 3.75% | 03/2028 | 1,995 | 1,939 | 1,897 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Infinite Bidco LLC(7)(12) | First lien senior secured loan | L + | 3.25% | 03/2028 | 2,993 | 2,889 | 2,858 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Delta TopCo, Inc. (dba Infoblox, Inc.)(10) | First lien senior secured loan | SR + | 3.75% | 12/2027 | 10,546 | 9,680 | 9,751 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
McAfee Corp(9) | First lien senior secured loan | SR + | 3.75% | 03/2029 | 2,992 | 2,861 | 2,805 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Perforce Software, Inc.(6) | First lien senior secured loan | L + | 3.75% | 07/2026 | 2,992 | 2,837 | 2,777 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
SONICWALL US Holdings Inc(7) | First lien senior secured loan | L + | 3.75% | 05/2025 | 1,995 | 1,962 | 1,956 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Sophos Holdings, LLC(7) | First lien senior secured loan | L + | 3.50% | 03/2027 | 10,519 | 10,307 | 10,410 | 5.0 | % | |||||||||||||||||||||||||||||||||||||||||
UST Holdings, Ltd.(9)(12) | First lien senior secured loan | SR + | 3.75% | 11/2028 | 3,461 | 3,449 | 3,427 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
VS Buyer LLC(7) | First lien senior secured loan | L + | 3.00% | 02/2027 | 2,992 | 2,992 | 2,957 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
79,403 | 76,847 | 77,051 | 36.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Leisure and entertainment | ||||||||||||||||||||||||||||||||||||||||||||||||||
Delta 2 (Lux) SARL (dba Formula One)(9) | First lien senior secured loan | SR + | 3.25% | 01/2030 | 3,000 | 2,972 | 3,001 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
WMG Acquisition Corp.(9) | First lien senior secured loan | SR + | 3.00% | 01/2028 | 4,000 | 3,926 | 3,960 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
7,000 | 6,898 | 6,961 | 3.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Manufacturing | ||||||||||||||||||||||||||||||||||||||||||||||||||
Altar Bidco, Inc(11) | First lien senior secured loan | SR + | 3.10% | 02/2029 | 4,751 | 4,543 | 4,509 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(7) | First lien senior secured loan | L + | 3.50% | 05/2028 | 4,987 | 4,952 | 4,911 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
DXP Enterprises, Inc.(11)(12) | First lien senior secured loan | SR + | 5.25% | 12/2027 | 6,969 | 6,660 | 6,795 | 3.2 | % | |||||||||||||||||||||||||||||||||||||||||
Entegris, Inc.(9) | First lien senior secured loan | SR + | 2.75% | 07/2029 | 2,500 | 2,500 | 2,499 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Gates Global LLC(9) | First lien senior secured loan | SR + | 3.50% | 11/2029 | 1,990 | 1,933 | 1,983 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Pro Mach Group, Inc.(6) | First lien senior secured loan | L + | 4.00% | 08/2028 | 10,520 | 10,268 | 10,456 | 5.0 | % | |||||||||||||||||||||||||||||||||||||||||
Pro Mach Group, Inc.(9)(12) | First lien senior secured loan | SR + | 5.00% | 08/2028 | 4,000 | 3,808 | 4,000 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Watlow Electric Manufacturing Company(10) | First lien senior secured loan | SR + | 3.75% | 03/2028 | 2,494 | 2,477 | 2,435 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
38,211 | 37,141 | 37,588 | 17.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Professional services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(7) | First lien senior secured loan | L + | 3.75% | 07/2028 | 4,925 | 4,744 | 4,790 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(10)(12) | First lien senior secured loan | SR + | 5.00% | 07/2028 | 2,494 | 2,349 | 2,456 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Skopima Merger Sub Inc(6) | First lien senior secured loan | L + | 4.00% | 05/2028 | 4,987 | 4,747 | 4,651 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||||
Corporation Service Company(9) | First lien senior secured loan | SR + | 3.25% | 11/2029 | 1,995 | 1,990 | 1,989 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
EM Midco2 Ltd. (dba Element Materials Technology)(10) | First lien senior secured loan | SR + | 4.25% | 06/2029 | 9,083 | 8,970 | 8,958 | 4.2 | % | |||||||||||||||||||||||||||||||||||||||||
Genuine Financial Holdings LLC(7) | First lien senior secured loan | L + | 3.75% | 07/2025 | 3,988 | 3,977 | 3,955 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Red Ventures, LLC(9) | First lien senior secured loan | SR + | 3.00% | 02/2030 | 4,000 | 3,960 | 3,960 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Sovos Compliance, LLC(6) | First lien senior secured loan | L + | 4.50% | 08/2028 | 10,520 | 10,189 | 9,942 | 4.7 | % | |||||||||||||||||||||||||||||||||||||||||
VT Topco, Inc. (dba Veritext)(6)(12) | First lien senior secured loan | L + | 3.75% | 08/2025 | 1,939 | 1,915 | 1,905 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
VT Topco, Inc. (dba Veritext)(7)(12)(13) | First lien senior secured delayed draw term loan | L + | 3.75% | 08/2025 | 55 | 55 | 54 | — | % | |||||||||||||||||||||||||||||||||||||||||
43,986 | 42,896 | 42,660 | 20.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Telecommunications | ||||||||||||||||||||||||||||||||||||||||||||||||||
Ciena Corporation(9) | First lien senior secured loan | SR + | 2.50% | 01/2030 | 2,000 | 1,991 | 1,996 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Cogeco Communications (USA) II L.P.(6) | First lien senior secured loan | L + | 2.50% | 09/2028 | 2,992 | 2,979 | 2,949 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Park Place Technologies, LLC(9) | First lien senior secured loan | SR + | 5.00% | 11/2027 | 9,737 | 9,268 | 9,316 | 4.5 | % | |||||||||||||||||||||||||||||||||||||||||
Zayo Group Holdings, Inc.(9) | First lien senior secured loan | SR + | 4.25% | 03/2027 | 9,900 | 8,349 | 7,776 | 3.7 | % | |||||||||||||||||||||||||||||||||||||||||
24,629 | 22,587 | 22,037 | 10.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Transportation | ||||||||||||||||||||||||||||||||||||||||||||||||||
Safe Fleet Holdings(9) | First lien senior secured loan | SR + | 3.75% | 02/2029 | 1,995 | 1,976 | 1,949 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Uber Technologies, Inc.(10) | First lien senior secured loan | SR + | 2.75% | 03/2030 | 3,990 | 3,980 | 3,979 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
5,985 | 5,956 | 5,928 | 2.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Total Debt Investments | $ | 672,631 | $ | 649,824 | $ | 651,694 | 309.0 | % | ||||||||||||||||||||||||||||||||||||||||||
Total Investments | $ | 672,631 | $ | 649,824 | $ | 651,694 | 309.0 | % | ||||||||||||||||||||||||||||||||||||||||||
ORCIC Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Debt Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aerospace and defense | ||||||||||||||||||||||||||||||||||||||||||||||||||
Bleriot US Bidco Inc.(7) | First lien senior secured loan | L + | 4.00% | 10/2026 | $ | 5,273 | $ | 5,178 | $ | 5,207 | 3.2 | % | ||||||||||||||||||||||||||||||||||||||
Peraton Corp.(6) | First lien senior secured loan | L + | 3.75% | 02/2028 | 7,571 | 7,290 | 7,382 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Transdigm, Inc.(8)(11) | First lien senior secured loan | SR + | 3.25% | 02/2027 | 3,000 | 2,940 | 2,985 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
15,844 | 15,408 | 15,574 | 9.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Automotive | ||||||||||||||||||||||||||||||||||||||||||||||||||
PAI Holdco, Inc.(7) | First lien senior secured loan | L + | 3.75% | 10/2027 | 4,950 | 4,538 | 4,356 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||||
4,950 | 4,538 | 4,356 | 2.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||
Dodge Construction Network, LLC(10) | First lien senior secured loan | SR + | 4.75% | 02/2029 | 5,274 | 4,917 | 4,482 | 2.8 | % | |||||||||||||||||||||||||||||||||||||||||
RealPage, Inc.(6)(11) | First lien senior secured loan | L + | 3.00% | 04/2028 | 10,547 | 9,925 | 10,009 | 6.2 | % | |||||||||||||||||||||||||||||||||||||||||
Wrench Group LLC(7) | First lien senior secured loan | L + | 4.00% | 04/2026 | 9,761 | 9,737 | 9,419 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||||
25,582 | 24,579 | 23,910 | 14.9 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Business services | ||||||||||||||||||||||||||||||||||||||||||||||||||
BrightView Landscapes, LLC(8) | First lien senior secured loan | SR + | 3.25% | 04/2029 | 10,547 | 10,230 | 10,125 | 6.3 | % | |||||||||||||||||||||||||||||||||||||||||
Brown Group Holdings, LLC(9)(11) | First lien senior secured loan | SR + | 3.75% | 07/2029 | 2,026 | 2,005 | 2,017 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
ConnectWise, LLC(7)(11) | First lien senior secured loan | L + | 3.50% | 09/2028 | 10,547 | 9,961 | 9,996 | 6.2 | % | |||||||||||||||||||||||||||||||||||||||||
Packers Holdings, LLC(6) | First lien senior secured loan | L + | 3.25% | 03/2028 | 6,190 | 5,682 | 5,384 | 3.4 | % | |||||||||||||||||||||||||||||||||||||||||
Vistage Worldwide, Inc.(8) | First lien senior secured loan | SR + | 5.25% | 07/2029 | 3,990 | 3,831 | 3,890 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
33,300 | 31,709 | 31,412 | 19.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Capital markets | ||||||||||||||||||||||||||||||||||||||||||||||||||
Guggenheim Partners Investment Management Holdings, LLC(9) | First lien senior secured loan | SR + | 3.25% | 12/2029 | 5,000 | 4,913 | 4,913 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
5,000 | 4,913 | 4,913 | 3.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Chemicals |
ORCIC Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(8) | First lien senior secured loan | SR + | 4.75% | 11/2027 | 3,000 | 2,794 | 2,933 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Axalta Coating Systems US Holdings Inc.(9)(11) | First lien senior secured loan | SR + | 3.00% | 12/2029 | 5,000 | 4,950 | 5,000 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
Ineos US Finance LLC(9) | First lien senior secured loan | SR + | 3.75% | 11/2027 | 3,000 | 2,895 | 2,948 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
11,000 | 10,639 | 10,881 | 6.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Consumer products | ||||||||||||||||||||||||||||||||||||||||||||||||||
Olaplex, Inc.(8) | First lien senior secured loan | SR + | 3.50% | 02/2029 | 5,287 | 4,905 | 4,970 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
5,287 | 4,905 | 4,970 | 3.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Containers and packaging | ||||||||||||||||||||||||||||||||||||||||||||||||||
Berlin Packaging L.L.C.(7)(11) | First lien senior secured loan | L + | 3.75% | 03/2028 | 10,547 | 10,102 | 10,127 | 6.3 | % | |||||||||||||||||||||||||||||||||||||||||
BW Holding, Inc.(9) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 7,767 | 7,637 | 7,146 | 4.5 | % | |||||||||||||||||||||||||||||||||||||||||
Ring Container Technologies Group, LLC(6) | First lien senior secured loan | L + | 3.50% | 08/2028 | 9,762 | 9,585 | 9,616 | 6.0 | % | |||||||||||||||||||||||||||||||||||||||||
Tricorbraun Holdings, Inc.(6)(11) | First lien senior secured loan | L + | 3.25% | 03/2028 | 10,546 | 9,995 | 10,040 | 6.3 | % | |||||||||||||||||||||||||||||||||||||||||
Valcour Packaging, LLC(9) | First lien senior secured loan | SR + | 3.75% | 10/2028 | 9,925 | 9,901 | 8,883 | 5.5 | % | |||||||||||||||||||||||||||||||||||||||||
48,547 | 47,220 | 45,812 | 28.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Distribution | ||||||||||||||||||||||||||||||||||||||||||||||||||
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(8)(11) | First lien senior secured loan | SR + | 4.63% | 06/2026 | 9,762 | 9,434 | 9,469 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||||
Dealer Tire, LLC(8) | First lien senior secured loan | SR + | 4.25% | 12/2027 | 3,959 | 3,888 | 3,900 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
SRS Distribution, Inc.(6) | First lien senior secured loan | L + | 3.50% | 06/2028 | 10,573 | 9,839 | 10,097 | 6.3 | % | |||||||||||||||||||||||||||||||||||||||||
White Cap Supply Holdings, LLC(8)(11) | First lien senior secured loan | SR + | 3.75% | 10/2027 | 10,573 | 10,020 | 10,208 | 6.4 | % | |||||||||||||||||||||||||||||||||||||||||
34,867 | 33,181 | 33,674 | 21.0 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Diversified financial services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Focus Financial Partners, LLC(8)(11) | First lien senior secured loan | SR + | 3.25% | 06/2028 | 4,988 | 4,901 | 4,921 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
4,988 | 4,901 | 4,921 | 3.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Education | ||||||||||||||||||||||||||||||||||||||||||||||||||
Severin Acquisition, LLC (dba Powerschool)(8) | First lien senior secured loan | SR + | 3.00% | 08/2025 | 4,897 | 4,807 | 4,860 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||||
Sophia, L.P.(8) | First lien senior secured loan | SR + | 4.25% | 10/2027 | 9,762 | 9,739 | 9,738 | 6.1 | % | |||||||||||||||||||||||||||||||||||||||||
14,659 | 14,546 | 14,598 | 9.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Energy equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
AZZ Inc.(9) | First lien senior secured loan | SR + | 4.25% | 05/2029 | 7,950 | 7,882 | 7,950 | 5.0 | % | |||||||||||||||||||||||||||||||||||||||||
Brookfield WEC Holdings Inc.(8)(11) | First lien senior secured loan | SR + | 3.75% | 08/2025 | 3,491 | 3,465 | 3,473 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
Pike Corp.(6)(11) | First lien senior secured loan | L + | 3.00% | 01/2028 | 9,800 | 9,607 | 9,651 | 6.0 | % | |||||||||||||||||||||||||||||||||||||||||
21,241 | 20,954 | 21,074 | 13.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Financial services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Acuris Finance US, Inc. (ION Analytics) (9)(11) | First lien senior secured loan | SR + | 4.00% | 02/2028 | 4,500 | 4,396 | 4,416 | 2.8 | % | |||||||||||||||||||||||||||||||||||||||||
AllSpring Buyer(9) | First lien senior secured loan | SR + | 4.00% | 11/2028 | 4,988 | 4,921 | 4,925 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
Deerfield Dakota Holding, LLC(8)(11) | First lien senior secured loan | SR + | 3.75% | 04/2027 | 5,910 | 5,597 | 5,509 | 3.4 | % | |||||||||||||||||||||||||||||||||||||||||
15,398 | 14,914 | 14,850 | 9.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Food and beverage |
ORCIC Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Eagle Parent Corp.(9)(11) | First lien senior secured loan | SR + | 4.25% | 04/2029 | 2,722 | 2,674 | 2,668 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||||
Naked Juice LLC (dba Tropicana)(9)(11) | First lien senior secured loan | SR + | 3.25% | 01/2029 | 10,573 | 9,668 | 9,430 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||||
Nomad Foods Europe Midco Ltd.(8)(11) | First lien senior secured loan | SR + | 3.75% | 11/2029 | 5,000 | 4,801 | 4,979 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
Pegasus BidCo B.V.(9) | First lien senior secured loan | SR + | 4.25% | 07/2029 | 4,500 | 4,306 | 4,354 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||||
Shearer’s Foods, LLC(6)(11) | First lien senior secured loan | L + | 3.50% | 09/2027 | 8,807 | 8,196 | 8,376 | 5.2 | % | |||||||||||||||||||||||||||||||||||||||||
31,602 | 29,645 | 29,807 | 18.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Confluent Medical Technologies, Inc.(9) | First lien senior secured loan | SR + | 3.75% | 02/2029 | 9,762 | 9,620 | 9,250 | 5.8 | % | |||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(8) | First lien senior secured loan | SR + | 4.25% | 03/2029 | 9,950 | 9,829 | 9,751 | 6.1 | % | |||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(8)(12) | First lien senior secured delayed draw term loan | SR + | 4.25% | 03/2029 | 1,629 | 1,618 | 1,596 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(6)(11) | First lien senior secured loan | L + | 3.25% | 10/2028 | 6,327 | 5,831 | 6,005 | 3.7 | % | |||||||||||||||||||||||||||||||||||||||||
MJH Healthcare Holdings, LLC(8) | First lien senior secured loan | SR + | 3.50% | 01/2029 | 3,831 | 3,767 | 3,678 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Natus Medical Inc.(10) | First lien senior secured loan | SR + | 5.50% | 07/2029 | 4,500 | 4,191 | 4,207 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
35,999 | 34,856 | 34,487 | 21.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Covetrus, Inc.(9)(11) | First lien senior secured loan | SR + | 5.00% | 10/2029 | 9,500 | 8,940 | 8,878 | 5.5 | % | |||||||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC(6) | First lien senior secured loan | L + | 3.25% | 12/2028 | 3,422 | 3,356 | 3,242 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||||
Phoenix Newco, Inc. (dba Parexel)(6)(11) | First lien senior secured loan | L + | 3.25% | 11/2028 | 7,444 | 7,170 | 7,156 | 4.5 | % | |||||||||||||||||||||||||||||||||||||||||
Physician Partners, LLC(8)(11) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 9,950 | 9,407 | 9,457 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||||
Premise Health Holding(9) | First lien senior secured loan | SR + | 4.75% | 07/2025 | 3,234 | 3,197 | 3,193 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||||
33,550 | 32,070 | 31,926 | 19.9 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare technology | ||||||||||||||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(8)(11) | First lien senior secured loan | SR + | 3.50% | 02/2029 | 9,403 | 8,636 | 8,466 | 5.3 | % | |||||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(8)(11)(12) | First lien senior secured delayed draw term loan | SR + | 3.50% | 02/2029 | — | (112) | (109) | (0.1) | % | |||||||||||||||||||||||||||||||||||||||||
Imprivata, Inc.(8) | First lien senior secured loan | SR + | 4.25% | 12/2027 | 9,762 | 9,583 | 9,396 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||||
Verscend Holding Corp.(6) | First lien senior secured loan | L + | 4.00% | 08/2025 | 9,944 | 9,821 | 9,870 | 6.1 | % | |||||||||||||||||||||||||||||||||||||||||
29,109 | 27,928 | 27,623 | 17.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Infrastructure and environmental services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Osmose Utilities Services, Inc.(6) | First lien senior secured loan | L + | 3.25% | 06/2028 | 9,762 | 9,052 | 9,249 | 5.8 | % | |||||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6)(11) | First lien senior secured loan | L + | 3.50% | 05/2028 | 2,977 | 2,831 | 2,837 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||||
12,739 | 11,883 | 12,086 | 7.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(9) | First lien senior secured loan | SR + | 5.75% | 02/2027 | 6,500 | 6,182 | 6,435 | 4.1 | % | |||||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(8) | First lien senior secured loan | SR + | 4.25% | 02/2027 | 4,988 | 4,814 | 4,875 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||||
Hub International Limited(7)(11) | First lien senior secured loan | L + | 3.25% | 04/2025 | 9,924 | 9,756 | 9,823 | 6.1 | % |
ORCIC Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
21,412 | 20,752 | 21,133 | 13.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Internet software and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Barracuda Parent, LLC(8) | First lien senior secured loan | SR + | 4.50% | 08/2029 | 10,600 | 10,141 | 10,203 | 6.3 | % | |||||||||||||||||||||||||||||||||||||||||
CDK Global, Inc.(9)(11) | First lien senior secured loan | SR + | 4.50% | 07/2029 | 10,600 | 10,366 | 10,492 | 6.5 | % | |||||||||||||||||||||||||||||||||||||||||
Delta TopCo, Inc. (dba Infoblox, Inc.)(9)(11) | First lien senior secured loan | SR + | 3.75% | 12/2027 | 10,573 | 9,666 | 9,741 | 6.1 | % | |||||||||||||||||||||||||||||||||||||||||
E2open, LLC(6)(11) | First lien senior secured loan | L + | 3.50% | 02/2028 | 3,868 | 3,756 | 3,793 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
Hyland Software, Inc.(6)(11) | First lien senior secured loan | L + | 3.50% | 07/2024 | 9,948 | 9,732 | 9,802 | 6.1 | % | |||||||||||||||||||||||||||||||||||||||||
Sophos Holdings, LLC(7) | First lien senior secured loan | L + | 3.50% | 03/2027 | 10,546 | 10,319 | 10,203 | 6.4 | % | |||||||||||||||||||||||||||||||||||||||||
56,135 | 53,980 | 54,234 | 33.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Leisure and entertainment | ||||||||||||||||||||||||||||||||||||||||||||||||||
Delta 2 (Lux) SARL (dba Formula One)(8) | First lien senior secured loan | SR + | 3.25% | 01/2030 | 3,000 | 2,970 | 2,993 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
WMG Acquisition Corp.(8)(11) | First lien senior secured loan | SR + | 3.00% | 01/2028 | 4,000 | 3,922 | 3,953 | 2.5 | % | |||||||||||||||||||||||||||||||||||||||||
7,000 | 6,892 | 6,946 | 4.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Manufacturing | ||||||||||||||||||||||||||||||||||||||||||||||||||
DXP Enterprises, Inc.(10) | First lien senior secured loan | SR + | 5.25% | 12/2027 | 4,987 | 4,717 | 4,738 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||||
Gates Global LLC(8)(11) | First lien senior secured loan | SR + | 3.50% | 11/2029 | 1,995 | 1,936 | 1,978 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Pro Mach Group, Inc.(6)(11) | First lien senior secured loan | L + | 4.00% | 08/2028 | 10,547 | 10,282 | 10,241 | 6.4 | % | |||||||||||||||||||||||||||||||||||||||||
Pro Mach Group, Inc.(9) | First lien senior secured loan | SR + | 5.00% | 08/2028 | 4,000 | 3,800 | 3,884 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
21,529 | 20,735 | 20,841 | 13.0 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Professional services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(9) | First lien senior secured loan | SR + | 5.00% | 07/2028 | 2,500 | 2,350 | 2,400 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(7)(11) | First lien senior secured loan | L + | 3.75% | 07/2028 | 4,938 | 4,748 | 4,691 | 2.9 | % | |||||||||||||||||||||||||||||||||||||||||
EM Midco2 Ltd. (dba Element Materials Technology)(9) | First lien senior secured loan | SR + | 4.25% | 06/2029 | 2,053 | 1,988 | 2,012 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Sovos Compliance, LLC(9) | First lien senior secured loan | SR + | 4.50% | 08/2028 | 10,547 | 10,200 | 9,703 | 6.0 | % | |||||||||||||||||||||||||||||||||||||||||
20,038 | 19,286 | 18,806 | 11.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Telecommunications | ||||||||||||||||||||||||||||||||||||||||||||||||||
Park Place Technologies, LLC(8)(11) | First lien senior secured loan | SR + | 5.00% | 11/2027 | 9,762 | 9,268 | 9,172 | 5.7 | % | |||||||||||||||||||||||||||||||||||||||||
Zayo Group Holdings, Inc.(8)(11) | First lien senior secured loan | SR + | 4.25% | 03/2027 | 9,925 | 8,294 | 8,196 | 5.1 | % | |||||||||||||||||||||||||||||||||||||||||
19,687 | 17,562 | 17,368 | 10.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Total Debt Investments | $ | 529,463 | $ | 507,996 | $ | 506,202 | 315.6 | % | ||||||||||||||||||||||||||||||||||||||||||
Total Investments | $ | 529,463 | $ | 507,996 | $ | 506,202 | 315.6 | % | ||||||||||||||||||||||||||||||||||||||||||
($ in thousands) | March 31, 2023 (Unaudited) | December 31, 2022 | |||||||||
Assets | |||||||||||
Investments at fair value (amortized cost of $649,824 and $507,996, respectively) | $ | 651,694 | $ | 506,202 | |||||||
Cash | 8,920 | 15,237 | |||||||||
Interest receivable | 2,725 | 2,202 | |||||||||
Receivable due on investments sold | — | 4,622 | |||||||||
Prepaid expenses and other assets | 176 | 151 | |||||||||
Total Assets | $ | 663,515 | $ | 528,414 | |||||||
Liabilities | |||||||||||
Debt (net of unamortized debt issuance costs of $3,272 and $3,509, respectively) | $ | 405,476 | $ | 343,035 | |||||||
Payable for investments purchased | 38,615 | 13,958 | |||||||||
Interest payable | 1,197 | 1,522 | |||||||||
Return of capital payable | — | 4,489 | |||||||||
Distribution payable | 6,968 | 3,624 | |||||||||
Accrued expenses and other liabilities | 383 | 1,337 | |||||||||
Total Liabilities | $ | 452,639 | $ | 367,965 | |||||||
Commitments and contingencies | |||||||||||
Members’ Equity | |||||||||||
Members’ Equity | 210,876 | 160,449 | |||||||||
Total Members’ Equity | 210,876 | 160,449 | |||||||||
Total Liabilities and Members’ Equity | $ | 663,515 | $ | 528,414 |
($ in thousands) | For the Three Months Ended March 31, 2023 (Unaudited) | |||||||
Investment Income | ||||||||
Interest income | $ | 13,181 | ||||||
Total Investment Income | 13,181 | |||||||
Operating Expenses | ||||||||
Interest expense | $ | 5,894 | ||||||
Professional fees | 190 | |||||||
Other general and administrative | 129 | |||||||
Total Operating Expenses | 6,213 | |||||||
Net Investment Income | $ | 6,968 | ||||||
Net Realized and Change in Unrealized Gain (Loss) on Investments | ||||||||
Net change in unrealized gain (loss) on investments | 3,663 | |||||||
Net realized gain (loss) on investments | 14 | |||||||
Total Net Realized and Change in Unrealized Gain (Loss) on Investments | 3,677 | |||||||
Net Increase in Members’ Equity Resulting from Operations | $ | 10,645 |
Fair Value Hierarchy as of March 31, 2023 | |||||||||||||||||||||||
($ in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||
First-lien senior secured debt investments | $ | — | $ | 1,171,094 | $ | 7,969,726 | $ | 9,140,820 | |||||||||||||||
Second-lien senior secured debt investments | — | 214,796 | 942,097 | 1,156,893 | |||||||||||||||||||
Unsecured debt investments | — | 50,435 | 170,187 | 220,622 | |||||||||||||||||||
Preferred equity investments(1) | — | — | 605,447 | 605,447 | |||||||||||||||||||
Common equity investments(2) | — | — | 282,725 | 282,725 | |||||||||||||||||||
Subtotal | $ | — | $ | 1,436,325 | $ | 9,970,182 | $ | 11,406,507 | |||||||||||||||
Investments measured at NAV(3) | — | — | — | 184,517 | |||||||||||||||||||
Total Investments at fair value | $ | — | $ | 1,436,325 | $ | 9,970,182 | $ | 11,591,024 |
Fair Value Hierarchy as of December 31, 2022 | |||||||||||||||||||||||
($ in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||
First-lien senior secured debt investments | $ | — | $ | 845,039 | $ | 7,603,501 | $ | 8,448,540 | |||||||||||||||
Second-lien senior secured debt investments | — | 123,639 | 1,019,223 | 1,142,862 | |||||||||||||||||||
Unsecured debt investments | — | — | 211,328 | 211,328 | |||||||||||||||||||
Preferred equity investments(1) | — | — | 500,023 | 500,023 | |||||||||||||||||||
Common equity investments(2) | — | — | 264,437 | 264,437 | |||||||||||||||||||
Subtotal | $ | — | $ | 968,678 | $ | 9,598,512 | $ | 10,567,190 | |||||||||||||||
Investments measured at NAV(3) | — | — | — | 140,394 | |||||||||||||||||||
Total Investments at fair value | $ | — | $ | 968,678 | $ | 9,598,512 | $ | 10,707,584 |
As of and for the Three Months Ended September 30, 2022 | As of and for the Three Months Ended March 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | First-lien senior secured debt investments | Second-lien senior secured debt investments | Unsecured debt investments | Preferred equity investments | Common equity investments | Total | ($ in thousands) | First-lien senior secured debt investments | Second-lien senior secured debt investments | Unsecured debt investments | Preferred equity investments | Common equity investments | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value, beginning of period | Fair value, beginning of period | $ | 5,845,642 | $ | 758,921 | $ | 152,698 | $ | 411,936 | $ | 127,965 | $ | 7,297,162 | Fair value, beginning of period | $ | 7,603,501 | $ | 1,019,223 | $ | 211,328 | $ | 500,023 | $ | 264,437 | $ | 9,598,512 | ||||||||||||||||||||||||||||||||||||||||||||
Purchases of investments, net | Purchases of investments, net | 1,411,759 | 96,934 | — | 49,947 | 22,908 | 1,581,548 | Purchases of investments, net | 547,001 | — | 613 | 80,651 | 15,087 | 643,352 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment-in-kind | Payment-in-kind | 4,337 | 869 | 2,896 | 5,976 | 21 | 14,099 | Payment-in-kind | 8,083 | 1,690 | 3,454 | 20,314 | 21 | 33,562 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from investments, net | Proceeds from investments, net | (108,434) | — | — | — | — | (108,434) | Proceeds from investments, net | (37,370) | — | (3) | — | — | (37,373) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | Net change in unrealized gain (loss) | 44,344 | (1,909) | (6,396) | 11 | 12,267 | 48,317 | Net change in unrealized gain (loss) | 33,156 | 4,425 | 2,583 | 4,169 | 362 | 44,695 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gains (losses) | Net realized gains (losses) | 86 | — | — | — | — | 86 | Net realized gains (losses) | (4,577) | — | — | — | — | (4,577) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net amortization/accretion of premium/discount on investments | Net amortization/accretion of premium/discount on investments | 4,412 | 328 | 53 | 253 | — | 5,046 | Net amortization/accretion of premium/discount on investments | 5,048 | 278 | 54 | 290 | — | 5,670 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers into (out of) Level 3(1) | (33,104) | (63,167) | — | — | — | (96,271) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers between investment types | Transfers between investment types | (2,818) | — | — | — | 2,818 | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers into (out of) Level 3(1) | Transfers into (out of) Level 3(1) | (182,298) | (83,519) | (47,842) | — | — | (313,659) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value, end of period | Fair value, end of period | $ | 7,169,042 | $ | 791,976 | $ | 149,251 | $ | 468,123 | $ | 163,161 | $ | 8,741,553 | Fair value, end of period | $ | 7,969,726 | $ | 942,097 | $ | 170,187 | $ | 605,447 | $ | 282,725 | $ | 9,970,182 |
As of and for the Three Months Ended March 31, 2022 | |||||||||||||||||||||||||||||||||||
($ in thousands) | First-lien senior secured debt investments | Second-lien senior secured debt investments | Unsecured debt investments | Preferred equity investments | Common equity investments | Total | |||||||||||||||||||||||||||||
Fair value, beginning of period | $ | 2,328,346 | $ | 450,477 | $ | 2,116 | $ | 56,970 | $ | 71,705 | $ | 2,909,614 | |||||||||||||||||||||||
Purchases of investments, net | 1,439,482 | 168,993 | 120,775 | 98,010 | 26,105 | 1,853,365 | |||||||||||||||||||||||||||||
Payment-in-kind | 3,659 | 1,086 | 82 | 3,023 | 26 | 7,876 | |||||||||||||||||||||||||||||
Proceeds from investments, net | (43,878) | — | — | (642) | — | (44,520) | |||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | (14,470) | (2,903) | 625 | (982) | 3,129 | (14,601) | |||||||||||||||||||||||||||||
Net realized gains (losses) | 48 | — | — | 202 | — | 250 | |||||||||||||||||||||||||||||
Net amortization/accretion of premium/discount on investments | 1,968 | 131 | 10 | 97 | 2 | 2,208 | |||||||||||||||||||||||||||||
Transfers between investment types | — | — | — | (123) | 123 | — | |||||||||||||||||||||||||||||
Transfers into (out of) Level 3(1) | 19,922 | (14,967) | — | — | — | 4,955 | |||||||||||||||||||||||||||||
Fair value, end of period | $ | 3,735,077 | $ | 602,817 | $ | 123,608 | $ | 156,555 | $ | 101,090 | $ | 4,719,147 |
As of and for the Nine Months Ended September 30, 2022 | |||||||||||||||||||||||||||||||||||
($ in thousands) | First-lien senior secured debt investments | Second-lien senior secured debt investments | Unsecured debt investments | Preferred equity investments | Common equity investments | Total | |||||||||||||||||||||||||||||
Fair value, beginning of period | $ | 2,328,346 | $ | 450,477 | $ | 2,116 | $ | 56,970 | $ | 71,705 | $ | 2,909,614 | |||||||||||||||||||||||
Purchases of investments, net | 5,109,129 | 434,636 | 154,853 | 409,305 | 80,059 | 6,187,982 | |||||||||||||||||||||||||||||
Payment-in-kind | 15,697 | 3,429 | 5,510 | 12,915 | 61 | 37,612 | |||||||||||||||||||||||||||||
Proceeds from investments, net | (299,517) | (39,832) | — | (642) | — | (339,991) | |||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | (15,039) | (24,416) | (13,336) | (10,947) | 11,213 | (52,525) | |||||||||||||||||||||||||||||
Net realized gains (losses) | 242 | — | — | 202 | — | 444 | |||||||||||||||||||||||||||||
Net amortization/accretion of premium/discount on investments | 9,274 | 514 | 108 | 443 | — | 10,339 | |||||||||||||||||||||||||||||
Transfers between investment types | — | — | — | (123) | 123 | — | |||||||||||||||||||||||||||||
Transfers into (out of) Level 3(1) | 20,910 | (32,832) | — | — | — | (11,922) | |||||||||||||||||||||||||||||
Fair value, end of period | $ | 7,169,042 | $ | 791,976 | $ | 149,251 | $ | 468,123 | $ | 163,161 | $ | 8,741,553 |
As of and for the Three Months Ended September 30, 2021 | |||||||||||||||||||||||||||||||||||
($ in thousands) | First-lien senior secured debt investments | Second-lien senior secured debt investments | Unsecured debt investments | Preferred equity investments | Common equity investments | Total | |||||||||||||||||||||||||||||
Fair value, beginning of period | $ | 225,777 | $ | 105,203 | $ | 2,112 | $ | 11,049 | $ | 2,461 | $ | 346,602 | |||||||||||||||||||||||
Purchases of investments, net(1) | 1,134,588 | 50,864 | — | — | 7,670 | 1,193,122 | |||||||||||||||||||||||||||||
Payment-in-kind | 99 | — | 80 | 196 | 1 | 376 | |||||||||||||||||||||||||||||
Proceeds from investments, net | (226,656) | — | — | — | — | (226,656) | |||||||||||||||||||||||||||||
Net change in unrealized gain (loss) on investments | 1,294 | 468 | (86) | 213 | (2) | 1,887 | |||||||||||||||||||||||||||||
Net realized gain (loss) on investments | 519 | — | — | — | — | 519 | |||||||||||||||||||||||||||||
Net amortization/accretion of premium/discount on investments | 694 | 24 | 1 | — | — | 719 | |||||||||||||||||||||||||||||
Transfers into (out of) Level 3(2) | (16,874) | — | — | — | — | (16,874) | |||||||||||||||||||||||||||||
Fair value, end of period | $ | 1,119,441 | $ | 156,559 | $ | 2,107 | $ | 11,458 | $ | 10,130 | $ | 1,299,695 |
As of and for the Nine Months Ended September 30, 2021 | |||||||||||||||||||||||||||||||||||
($ in thousands) | First-lien senior secured debt investments | Second-lien senior secured debt investments | Unsecured debt investments | Preferred equity investments | Common equity investments | Total | |||||||||||||||||||||||||||||
Fair value, beginning of period | $ | 9,404 | $ | 4,232 | $ | 22 | $ | 295 | $ | 423 | $ | 14,376 | |||||||||||||||||||||||
Purchases of investments, net (1) | 1,368,661 | 151,435 | 2,054 | 10,616 | 9,642 | 1,542,408 | |||||||||||||||||||||||||||||
Payment-in-kind | 133 | — | 82 | 341 | 2 | 558 | |||||||||||||||||||||||||||||
Proceeds from investments, net | (232,680) | — | — | — | — | (232,680) | |||||||||||||||||||||||||||||
Net change in unrealized gain (loss) on investments | 1,427 | 854 | (53) | 206 | 63 | 2,497 | |||||||||||||||||||||||||||||
Net realized gain (loss) on investments | 529 | — | — | — | — | 529 | |||||||||||||||||||||||||||||
Net amortization/accretion of premium/discount on investments | 780 | 38 | 2 | — | — | 820 | |||||||||||||||||||||||||||||
Transfers into (out of) Level 3(2) | (28,813) | — | — | — | — | (28,813) | |||||||||||||||||||||||||||||
Fair value, end of period | $ | 1,119,441 | $ | 156,559 | $ | 2,107 | $ | 11,458 | $ | 10,130 | $ | 1,299,695 |
($ in thousands) | ($ in thousands) | Net change in unrealized gain (loss) for the Three Months Ended September 30, 2022 on Investments Held at September 30, 2022 | Net change in unrealized gain (loss) for the Three Months Ended September 30, 2021 on Investments Held at September 30, 2021 | ($ in thousands) | Net change in unrealized gain (loss) for the Three Months Ended March 31, 2023 on Investments Held at March 31, 2023 | Net change in unrealized gain (loss) for the Three Months Ended March 31, 2022 on Investments Held at March 31, 2022 | ||||||||||||||||
First-lien senior secured debt investments | First-lien senior secured debt investments | $ | 44,807 | $ | 1,323 | First-lien senior secured debt investments | $ | 33,157 | $ | (14,380) | ||||||||||||
Second-lien senior secured debt investments | Second-lien senior secured debt investments | 1,749 | 468 | Second-lien senior secured debt investments | 4,425 | (2,305) | ||||||||||||||||
Unsecured debt investments | Unsecured debt investments | (6,396) | (89) | Unsecured debt investments | 2,583 | 625 | ||||||||||||||||
Preferred equity investments | Preferred equity investments | 11 | 194 | Preferred equity investments | 4,169 | (967) | ||||||||||||||||
Common equity investments | Common equity investments | 12,267 | — | Common equity investments | 362 | 3,442 | ||||||||||||||||
Total Investments | Total Investments | $ | 52,438 | $ | 1,896 | Total Investments | $ | 44,696 | $ | (13,585) |
($ in thousands) | Net change in unrealized gain (loss) for the Nine Months Ended September 30, 2022 on Investments Held at September 30, 2022 | Net change in unrealized gain (loss) for the Nine Months Ended September 30, 2021 on Investments Held at September 30, 2021 | |||||||||
First-lien senior secured debt investments | $ | (15,044) | $ | 1,456 | |||||||
Second-lien senior secured debt investments | (24,416) | 854 | |||||||||
Unsecured debt investments | (13,336) | (56) | |||||||||
Preferred equity investments | (10,947) | 189 | |||||||||
Common equity investments | 11,527 | 63 | |||||||||
Total Investments | $ | (52,216) | $ | 2,506 |
As of | ||||||||||||||||||||||||||||||||
($ in thousands) | Fair Value | Valuation Technique | Unobservable Input | Range (Weighted Average) | Impact to Valuation from an Increase in Input | |||||||||||||||||||||||||||
First-lien senior secured debt investments(1) | $ | Yield Analysis | Market Yield | 7.9% - | Decrease | |||||||||||||||||||||||||||
Recent Transaction | Transaction Price | Increase | ||||||||||||||||||||||||||||||
Second-lien senior secured debt investments | $ | Yield Analysis | Market Yield | Decrease | ||||||||||||||||||||||||||||
Unsecured debt investments | $ | Yield Analysis | Market Yield | Decrease | ||||||||||||||||||||||||||||
Market Approach | EBITDA Multiple | Increase | ||||||||||||||||||||||||||||||
Preferred equity investments | $ | Yield Analysis | Market Yield | Decrease | ||||||||||||||||||||||||||||
Recent Transaction | Transaction Price | Increase | ||||||||||||||||||||||||||||||
3 | Market Approach | EBITDA Multiple | Increase | |||||||||||||||||||||||||||||
Common equity investments | $ | Recent Transaction | Transaction Price | Increase | ||||||||||||||||||||||||||||
Market Approach | EBITDA Multiple | Increase | ||||||||||||||||||||||||||||||
44,228 | Market Approach | Revenue Multiple | 1.9x - 16.0x (10.9x) | Increase | ||||||||||||||||||||||||||||
Market Approach | Gross Profit Multiple | Increase |
As of December 31, 2021 | |||||||||||||||||||||||||||||
($ in thousands) | Fair Value | Valuation Technique | Unobservable Input | Range (Weighted Average) | Impact to Valuation from an Increase in Input | ||||||||||||||||||||||||
First-lien senior secured debt investments | $ | 1,401,867 | Yield Analysis | Market Yield | 5.1% - 12.4% (8.2%) | Decrease | |||||||||||||||||||||||
921,476 | Recent Transaction | Transaction Price | 90.5% - 100.0% (98.1%) | Increase | |||||||||||||||||||||||||
5,003 | Indicative Bid | Broker Quotes | N/A | Increase | |||||||||||||||||||||||||
Second-lien senior secured debt investments | $ | 164,066 | Yield Analysis | Market Yield | 6.1% - 10.7% (8.7%) | Decrease | |||||||||||||||||||||||
261,240 | Recent Transaction | Transaction Price | 98.0% - 99.5% (98.8%) | Increase | |||||||||||||||||||||||||
25,171 | Indicative Bid | Broker Quotes | N/A | Increase | |||||||||||||||||||||||||
Unsecured debt investments | $ | 2,092 | Yield Analysis | Market Yield | 9.4% | Decrease | |||||||||||||||||||||||
24 | Market Approach | EBITDA Multiple | 14.8x | Increase | |||||||||||||||||||||||||
Preferred equity investments | $ | 11,555 | Yield Analysis | Market Yield | 11.4% - 14.6% (11.5%) | Decrease | |||||||||||||||||||||||
238 | Market Approach | EBITDA Multiple | 9.3x | Increase | |||||||||||||||||||||||||
45,177 | Recent Transaction | Transaction Price | 97.3% - 97.5% (97.3%) | Increase | |||||||||||||||||||||||||
Common equity investments | $ | 56,186 | Recent Transaction | Transaction Price | 100.0% | Increase | |||||||||||||||||||||||
15,470 | Market Approach | EBITDA Multiple | 7.6x - 24.0x (16.9x) | Increase | |||||||||||||||||||||||||
49 | Market Approach | Gross Profit Multiple | 27.0x | Increase |
As of December 31, 2022 | |||||||||||||||||||||||||||||
($ in thousands) | Fair Value | Valuation Technique | Unobservable Input | Range (Weighted Average) | Impact to Valuation from an Increase in Input | ||||||||||||||||||||||||
First-lien senior secured debt investments | $ | 7,274,929 | Yield Analysis | Market Yield | 8.2% - 19.3% (11.9%) | Decrease | |||||||||||||||||||||||
323,358 | Recent Transaction | Transaction Price | 96.8% - 99.0% (98.0%) | Increase | |||||||||||||||||||||||||
5,214 | Collateral Analysis | Recovery Rate | 51.0% - 51.0% (51.0%) | Increase | |||||||||||||||||||||||||
Second-lien senior secured debt investments | $ | 862,487 | Yield Analysis | Market Yield | 11.9% - 25.2% (15.7%) | Decrease | |||||||||||||||||||||||
156,736 | Recent Transaction | Transaction Price | 98.0% - 98.0% (98.0%) | Increase | |||||||||||||||||||||||||
Unsecured debt investments | $ | 211,304 | Yield Analysis | Market Yield | 10.8% - 20.2% (13.1%) | Decrease | |||||||||||||||||||||||
24 | Market Approach | EBITDA Multiple | 14.3x - 14.3x (14.3x) | Increase | |||||||||||||||||||||||||
Preferred equity investments | $ | 477,863 | Yield Analysis | Market Yield | 11.9% - 17.9% (14.6%) | Decrease | |||||||||||||||||||||||
22,157 | Recent Transaction | Transaction Price | 96.5% - 100.0% (97.5%) | Increase | |||||||||||||||||||||||||
3 | Market Approach | EBITDA Multiple | 11.5x - 11.5x (11.5x) | Increase | |||||||||||||||||||||||||
Common equity investments | $ | 105,049 | Recent Transaction | Transaction Price | 100.0% - 100.0% (100.0%) | Increase | |||||||||||||||||||||||
129,098 | Market Approach | EBITDA Multiple | 11.0x - 31.6x (15.8x) | Increase | |||||||||||||||||||||||||
30,284 | Market Approach | Revenue Multiple | 1.8x - 16.6x (12.9x) | Increase | |||||||||||||||||||||||||
6 | Market Approach | Gross Profit Multiple | 8.6x - 8.6x (8.6x) | Increase |
September 30, 2022 | December 31, 2021 | ||||||||||||||||||||||
($ in thousands) | Net Carrying Value(1) | Fair Value | Net Carrying Value(2) | Fair Value | |||||||||||||||||||
Revolving Credit Facility(3) | $ | 308,942 | $ | 308,942 | $ | 445,188 | $ | 445,188 | |||||||||||||||
SPV Asset Facility I | 546,568 | 546,568 | 298,015 | 298,015 | |||||||||||||||||||
SPV Asset Facility II | 1,272,396 | 1,272,396 | 438,637 | 438,637 | |||||||||||||||||||
SPV Asset Facility III | 549,566 | 549,566 | — | — | |||||||||||||||||||
SPV Asset Facility IV | 460,767 | 460,767 | — | — | |||||||||||||||||||
ORCIC JV WH | 272,103 | 272,103 | — | — | |||||||||||||||||||
March 2025 Notes | 494,770 | 471,250 | — | — | |||||||||||||||||||
September 2026 Notes | 344,484 | 294,000 | 343,971 | 337,750 | |||||||||||||||||||
February 2027 Notes | 493,383 | 440,000 | — | — | |||||||||||||||||||
September 2027 Notes | 591,960 | 591,000 | — | — | |||||||||||||||||||
Total Debt | $ | 5,334,939 | $ | 5,206,592 | $ | 1,525,811 | $ | 1,519,590 |
March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
($ in thousands) | Net Carrying Value(1) | Fair Value | Net Carrying Value(2) | Fair Value | |||||||||||||||||||
Revolving Credit Facility(3) | $ | 659,842 | $ | 659,842 | $ | 288,636 | $ | 288,636 | |||||||||||||||
SPV Asset Facility I | 497,316 | 497,316 | 437,241 | 437,241 | |||||||||||||||||||
SPV Asset Facility II | 1,528,719 | 1,528,718 | 1,528,048 | 1,528,048 | |||||||||||||||||||
SPV Asset Facility III | 550,148 | 550,148 | 549,851 | 549,851 | |||||||||||||||||||
SPV Asset Facility IV | 460,966 | 460,966 | 460,869 | 460,869 | |||||||||||||||||||
SPV Asset Facility V | 16,735 | 16,735 | — | — | |||||||||||||||||||
CLO VIII | 287,936 | 287,936 | 287,946 | 287,946 | |||||||||||||||||||
March 2025 Notes | 495,812 | 487,500 | 495,309 | 485,000 | |||||||||||||||||||
September 2026 Notes | 344,591 | 304,500 | 344,226 | 299,250 | |||||||||||||||||||
February 2027 Notes | 494,085 | 453,750 | 493,735 | 447,500 | |||||||||||||||||||
September 2027 Notes(4) | 591,928 | 601,125 | 591,550 | 597,449 | |||||||||||||||||||
Total Debt | $ | 5,928,078 | $ | 5,848,536 | $ | 5,477,411 | $ | 5,381,790 |
($ in thousands) | ($ in thousands) | September 30, 2022 | December 31, 2021 | ($ in thousands) | March 31, 2023 | December 31, 2022 | ||||||||||||||||
Level 1 | Level 1 | $ | — | $ | — | Level 1 | $ | — | $ | — | ||||||||||||
Level 2 | Level 2 | 1,796,250 | 337,750 | Level 2 | 1,846,875 | 1,829,199 | ||||||||||||||||
Level 3 | Level 3 | 3,410,342 | 1,181,840 | Level 3 | 4,001,661 | 3,552,591 | ||||||||||||||||
Total Debt | Total Debt | $ | 5,206,592 | $ | 1,519,590 | Total Debt | $ | 5,848,536 | $ | 5,381,790 |
September 30, 2022 | |||||||||||||||||||||||
($ in thousands) | Aggregate Principal Committed | Outstanding Principal | Amount Available(1) | Net Carrying Value(2) | |||||||||||||||||||
Revolving Credit Facility (3) | $ | 1,775,000 | $ | 323,092 | $ | 1,451,908 | $ | 308,942 | |||||||||||||||
SPV Asset Facility I | 550,000 | 549,782 | 218 | 546,568 | |||||||||||||||||||
SPV Asset Facility II | 1,800,000 | 1,283,000 | 359,379 | 1,272,396 | |||||||||||||||||||
SPV Asset Facility III | 750,000 | 555,000 | 42,785 | 549,566 | |||||||||||||||||||
SPV Asset Facility IV | 500,000 | 465,000 | 35,000 | 460,767 | |||||||||||||||||||
ORCIC JV WH | 400,000 | 274,550 | 908 | 272,103 | |||||||||||||||||||
March 2025 Notes | 500,000 | 500,000 | — | 494,770 | |||||||||||||||||||
September 2026 Notes | 350,000 | 350,000 | — | 344,484 | |||||||||||||||||||
February 2027 Notes | 500,000 | 500,000 | — | 493,383 | |||||||||||||||||||
September 2027 Notes | 600,000 | 600,000 | — | 591,960 | |||||||||||||||||||
Total Debt | $ | 7,725,000 | $ | 5,400,424 | $ | 1,890,198 | $ | 5,334,939 |
March 31, 2023 | |||||||||||||||||||||||
($ in thousands) | Aggregate Principal Committed | Outstanding Principal | Amount Available(1) | Net Carrying Value(2) | |||||||||||||||||||
Revolving Credit Facility(3) | $ | 1,845,000 | $ | 672,789 | $ | 1,172,211 | $ | 659,842 | |||||||||||||||
SPV Asset Facility I | 550,000 | 500,430 | 49,570 | 497,316 | |||||||||||||||||||
SPV Asset Facility II | 1,800,000 | 1,538,000 | 156,309 | 1,528,719 | |||||||||||||||||||
SPV Asset Facility III | 750,000 | 555,000 | 46,404 | 550,148 | |||||||||||||||||||
SPV Asset Facility IV | 500,000 | 465,000 | 35,000 | 460,966 | |||||||||||||||||||
SPV Asset Facility V | 300,000 | 20,000 | 24,909 | 16,735 | |||||||||||||||||||
CLO VIII | 290,000 | 290,000 | — | 287,936 | |||||||||||||||||||
March 2025 Notes | 500,000 | 500,000 | — | 495,812 | |||||||||||||||||||
September 2026 Notes | 350,000 | 350,000 | — | 344,591 | |||||||||||||||||||
February 2027 Notes | 500,000 | 500,000 | — | 494,085 | |||||||||||||||||||
September 2027 Notes | 600,000 | 600,000 | — | 591,928 | |||||||||||||||||||
Total Debt | $ | 7,985,000 | $ | 5,991,219 | $ | 1,484,403 | $ | 5,928,078 |
December 31, 2021 | December 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | Aggregate Principal Committed | Outstanding Principal | Amount Available(1) | Net Carrying Value(2) | ($ in thousands) | Aggregate Principal Committed | Outstanding Principal | Amount Available(1) | Net Carrying Value(2) | ||||||||||||||||||||||||||||||||||||
Promissory Note | $ | 250,000 | $ | — | $ | 250,000 | $ | — | ||||||||||||||||||||||||||||||||||||||
Revolving Credit Facility | 750,000 | 451,170 | 298,830 | 445,188 | ||||||||||||||||||||||||||||||||||||||||||
Revolving Credit Facility(3) | Revolving Credit Facility(3) | $ | 1,845,000 | $ | 302,287 | $ | 1,542,713 | $ | 288,636 | |||||||||||||||||||||||||||||||||||||
SPV Asset Facility I | SPV Asset Facility I | 550,000 | 301,282 | 33,740 | 298,015 | SPV Asset Facility I | 550,000 | 440,430 | 72,337 | 437,241 | ||||||||||||||||||||||||||||||||||||
SPV Asset Facility II | SPV Asset Facility II | 1,000,000 | 446,000 | 83,678 | 438,637 | SPV Asset Facility II | 1,800,000 | 1,538,000 | 164,506 | 1,528,048 | ||||||||||||||||||||||||||||||||||||
SPV Asset Facility III | SPV Asset Facility III | 750,000 | 555,000 | 50,764 | 549,851 | |||||||||||||||||||||||||||||||||||||||||
SPV Asset Facility IV | SPV Asset Facility IV | 500,000 | 465,000 | 26,911 | 460,869 | |||||||||||||||||||||||||||||||||||||||||
CLO VIII | CLO VIII | 290,000 | 290,000 | — | 287,946 | |||||||||||||||||||||||||||||||||||||||||
March 2025 Notes | March 2025 Notes | 500,000 | 500,000 | — | 495,309 | |||||||||||||||||||||||||||||||||||||||||
September 2026 Notes | September 2026 Notes | 350,000 | 350,000 | — | 343,971 | September 2026 Notes | 350,000 | 350,000 | — | 344,226 | ||||||||||||||||||||||||||||||||||||
February 2027 Notes | February 2027 Notes | 500,000 | 500,000 | — | 493,735 | |||||||||||||||||||||||||||||||||||||||||
September 2027 Notes | September 2027 Notes | 600,000 | 600,000 | — | 591,550 | |||||||||||||||||||||||||||||||||||||||||
Total Debt | Total Debt | $ | 2,900,000 | $ | 1,548,452 | $ | 666,248 | $ | 1,525,811 | Total Debt | $ | 7,685,000 | $ | 5,540,717 | $ | 1,857,231 | $ | 5,477,411 |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | ||||||||||||||||||||||
($ in thousands) | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||
Interest expense | $ | 58,806 | $ | 3,104 | $ | 106,218 | $ | 4,340 | |||||||||||||||
Amortization of debt issuance costs | 2,967 | 359 | 7,036 | 626 | |||||||||||||||||||
Total Interest Expense | $ | 61,773 | $ | 3,463 | $ | 113,254 | $ | 4,966 | |||||||||||||||
Average interest rate | 4.6 | % | 2.7 | % | 4.2 | % | 3.0 | % | |||||||||||||||
Average daily borrowings | $ | 4,989,751 | $ | 450,600 | $ | 3,328,010 | $ | 192,471 |
For the Three Months Ended March 31, | |||||||||||
($ in thousands) | 2023 | 2022 | |||||||||
Interest expense | $ | 86,574 | $ | 13,963 | |||||||
Amortization of debt issuance costs | 3,697 | 1,408 | |||||||||
Net change in unrealized (gain) loss on effective interest rate swaps and hedged items(1) | (676) | — | |||||||||
Total Interest Expense | $ | 89,595 | $ | 15,371 | |||||||
Average interest rate | 6.2 | % | 3.4 | % | |||||||
Average daily borrowings | $ | 5,579,502 | $ | 1,647,161 |
Portfolio Company | Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC | AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC | LLC Interest | $ | 40,965 | $ | 45,000 | ||||||||||||||||||||||||||||||||||
AAM Series 2.1 Aviation Feeder, LLC | AAM Series 2.1 Aviation Feeder, LLC | LLC Interest | 42,832 | 43,432 | ||||||||||||||||||||||||||||||||||||
ABB/Con-cise Optical Group LLC | ABB/Con-cise Optical Group LLC | First lien senior secured revolving loan | $ | 259 | $ | — | ABB/Con-cise Optical Group LLC | First lien senior secured revolving loan | 185 | 186 | ||||||||||||||||||||||||||||||
ACR Group Borrower, LLC | ACR Group Borrower, LLC | First lien senior secured revolving loan | 511 | 875 | ACR Group Borrower, LLC | First lien senior secured revolving loan | 350 | 537 | ||||||||||||||||||||||||||||||||
Alera Group, Inc. | First lien senior secured delayed draw term loan | — | 47,273 | |||||||||||||||||||||||||||||||||||||
Alera Group, Inc. | First lien senior secured delayed draw term loan | 11,435 | — | |||||||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC | AmeriLife Holdings LLC | First lien senior secured revolving loan | 16,274 | — | AmeriLife Holdings LLC | First lien senior secured revolving loan | 16,273 | 16,273 | ||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC | AmeriLife Holdings LLC | First lien senior secured delayed draw term loan | 32,546 | — | AmeriLife Holdings LLC | First lien senior secured delayed draw term loan | 10,848 | 10,849 | ||||||||||||||||||||||||||||||||
AAM Series 2.1 Aviation Feeder, LLC | LLC Interest | 43,633 | — | |||||||||||||||||||||||||||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC | LLC Interest | 45,000 | ||||||||||||||||||||||||||||||||||||||
Anaplan, Inc. | Anaplan, Inc. | First lien senior secured revolving loan | 16,528 | — | Anaplan, Inc. | First lien senior secured revolving loan | 16,528 | 16,528 | ||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC | Second lien senior secured delayed draw term loan | — | 6,618 | |||||||||||||||||||||||||||||||||||||
Apex Service Partners, LLC | First lien senior secured delayed draw term loan | 15,117 | — | |||||||||||||||||||||||||||||||||||||
Apex Service Partners, LLC | Apex Service Partners, LLC | First lien senior secured revolving loan | 4,600 | — | Apex Service Partners, LLC | First lien senior secured revolving loan | 2,300 | 1,725 | ||||||||||||||||||||||||||||||||
Appfire Technologies, LLC | Appfire Technologies, LLC | First lien senior secured delayed draw term loan | 18,368 | — | Appfire Technologies, LLC | First lien senior secured revolving loan | 1,539 | 1,539 | ||||||||||||||||||||||||||||||||
Appfire Technologies, LLC | Appfire Technologies, LLC | First lien senior secured revolving loan | 1,501 | — | Appfire Technologies, LLC | First lien senior secured delayed draw term loan | 14,652 | 16,366 | ||||||||||||||||||||||||||||||||
Armstrong Bidco Ltd. (dba The Access Group) | First lien senior secured delayed draw term loan | 10,376 | — | |||||||||||||||||||||||||||||||||||||
Armstrong Bidco Limited (dba The Access Group) | Armstrong Bidco Limited (dba The Access Group) | First lien senior secured delayed draw term loan | 3,838 | 3,734 | ||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging) | Ascend Buyer, LLC (dba PPC Flexible Packaging) | First lien senior secured revolving loan | 4,425 | 4,255 | Ascend Buyer, LLC (dba PPC Flexible Packaging) | First lien senior secured revolving loan | 5,106 | 5,106 | ||||||||||||||||||||||||||||||||
Associations, Inc. | Associations, Inc. | First lien senior secured revolving loan | 4,829 | 4,829 | Associations, Inc. | First lien senior secured revolving loan | 4,829 | 4,829 | ||||||||||||||||||||||||||||||||
Associations, Inc. | Associations, Inc. | First lien senior secured delayed draw term loan | 57,236 | — | Associations, Inc. | First lien senior secured delayed draw term loan | 44,686 | 56,283 | ||||||||||||||||||||||||||||||||
Athenahealth Group Inc. | Athenahealth Group Inc. | First lien senior secured delayed draw term loan | 5,797 | — | Athenahealth Group Inc. | First lien senior secured delayed draw term loan | 3,631 | 3,631 | ||||||||||||||||||||||||||||||||
Avalara, Inc. | Avalara, Inc. | First lien senior secured revolving loan | 7,045 | 7,045 | ||||||||||||||||||||||||||||||||||||
AxiomSL Group, Inc. | AxiomSL Group, Inc. | First lien senior secured revolving loan | 2,591 | 2,591 | AxiomSL Group, Inc. | First lien senior secured delayed draw term loan | 2,145 | 2,145 | ||||||||||||||||||||||||||||||||
AxiomSL Group, Inc. | AxiomSL Group, Inc. | First lien senior secured delayed draw term loan | 2,145 | 2,145 | AxiomSL Group, Inc. | First lien senior secured revolving loan | 2,591 | 2,591 | ||||||||||||||||||||||||||||||||
Bayshore Intermediate #2, L.P. (dba Boomi) | First lien senior secured revolving loan | 1,593 | 1,593 | |||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured delayed draw term loan | 31,035 | 31,034 | |||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured revolving loan | 4,655 | 4,655 |
Portfolio Company | Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||
Bayshore Intermediate #2, L.P. (dba Boomi) | Bayshore Intermediate #2, L.P. (dba Boomi) | First lien senior secured revolving loan | 1,274 | 1,062 | ||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource) | BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured delayed draw term loan | 31,034 | 31,034 | ||||||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource) | BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured revolving loan | 3,621 | 4,655 | ||||||||||||||||||||||||||||||||||||
BCTO BSI Buyer, Inc. (dba Buildertrend) | BCTO BSI Buyer, Inc. (dba Buildertrend) | First lien senior secured revolving loan | 161 | 47 | BCTO BSI Buyer, Inc. (dba Buildertrend) | First lien senior secured revolving loan | 161 | 161 | ||||||||||||||||||||||||||||||||
Brightway Holdings, LLC | Brightway Holdings, LLC | First lien senior secured revolving loan | 2,105 | 2,105 | Brightway Holdings, LLC | First lien senior secured revolving loan | 1,474 | 2,105 | ||||||||||||||||||||||||||||||||
BW Holding, Inc. | First lien senior secured delayed draw term loan | — | 4,184 | |||||||||||||||||||||||||||||||||||||
BTRS Holdings Inc. (dba Billtrust) | BTRS Holdings Inc. (dba Billtrust) | First lien senior secured delayed draw term loan | 809 | 917 | ||||||||||||||||||||||||||||||||||||
BTRS Holdings Inc. (dba Billtrust) | BTRS Holdings Inc. (dba Billtrust) | First lien senior secured revolving loan | 998 | 1,157 | ||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd. | Canadian Hospital Specialties Ltd. | First lien senior secured delayed draw term loan | 628 | 939 | Canadian Hospital Specialties Ltd. | First lien senior secured delayed draw term loan | 492 | 637 | ||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd. | Canadian Hospital Specialties Ltd. | First lien senior secured revolving loan | 95 | 388 | Canadian Hospital Specialties Ltd. | First lien senior secured revolving loan | 190 | 248 | ||||||||||||||||||||||||||||||||
CFS Brands, LLC | First lien senior secured delayed draw term loan | 11,344 | — | |||||||||||||||||||||||||||||||||||||
Chapford SMA Partnership, L.P. | LP Interest | 8,575 | — | |||||||||||||||||||||||||||||||||||||
CivicPlus, LLC | First lien senior secured delayed draw term loan | — | 4,400 | |||||||||||||||||||||||||||||||||||||
CivicPlus, LLC | CivicPlus, LLC | First lien senior secured revolving loan | 2,244 | 880 | CivicPlus, LLC | First lien senior secured revolving loan | 2,244 | 2,245 | ||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC | Community Brands ParentCo, LLC | First lien senior secured delayed draw term loan | 3,750 | — | Community Brands ParentCo, LLC | First lien senior secured delayed draw term loan | 3,750 | 3,750 | ||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC | Community Brands ParentCo, LLC | First lien senior secured revolving loan | 1,875 | — | Community Brands ParentCo, LLC | First lien senior secured revolving loan | 1,875 | 1,875 | ||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC | CoreTrust Purchasing Group LLC | First lien senior secured delayed draw term loan | 14,183 | — | CoreTrust Purchasing Group LLC | First lien senior secured delayed draw term loan | 14,183 | 14,183 | ||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC | CoreTrust Purchasing Group LLC | First lien senior secured revolving loan | 14,183 | — | CoreTrust Purchasing Group LLC | First lien senior secured revolving loan | 14,183 | 14,183 | ||||||||||||||||||||||||||||||||
Coupa Holdings, LLC | Coupa Holdings, LLC | First lien senior secured revolving loan | 1,664 | — | ||||||||||||||||||||||||||||||||||||
Coupa Holdings, LLC | Coupa Holdings, LLC | First lien senior secured delayed draw term loan | 2,174 | — | ||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies) | Denali BuyerCo, LLC (dba Summit Companies) | First lien senior secured delayed draw term loan | 13,317 | 20,519 | Denali BuyerCo, LLC (dba Summit Companies) | First lien senior secured delayed draw term loan | — | 5,712 | ||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies) | Denali BuyerCo, LLC (dba Summit Companies) | First lien senior secured revolving loan | 9,963 | 7,407 | Denali BuyerCo, LLC (dba Summit Companies) | First lien senior secured revolving loan | 9,963 | 9,963 | ||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc | Dermatology Intermediate Holdings III, Inc | First lien senior secured delayed draw term loan | 2,497 | — | Dermatology Intermediate Holdings III, Inc | First lien senior secured delayed draw term loan | 90 | 278 | ||||||||||||||||||||||||||||||||
Diamondback Acquisition, Inc. (dba Sphera) | Diamondback Acquisition, Inc. (dba Sphera) | First lien senior secured delayed draw term loan | 9,553 | 9,553 | Diamondback Acquisition, Inc. (dba Sphera) | First lien senior secured delayed draw term loan | 9,553 | 9,553 | ||||||||||||||||||||||||||||||||
Dodge Data & Analytics LLC | First lien senior secured revolving loan | — | 125 | |||||||||||||||||||||||||||||||||||||
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.) | Disco Parent, Inc. (dba Duck Creek Technologies, Inc.) | First lien senior secured revolving loan | 91 | — | ||||||||||||||||||||||||||||||||||||
Douglas Products and Packaging Company LLC | Douglas Products and Packaging Company LLC | First lien senior secured revolving loan | 3,199 | 3,199 | ||||||||||||||||||||||||||||||||||||
EET Buyer, Inc. (dba e-Emphasys) | EET Buyer, Inc. (dba e-Emphasys) | First lien senior secured revolving loan | 1,955 | 1,955 | EET Buyer, Inc. (dba e-Emphasys) | First lien senior secured revolving loan | 1,955 | 1,955 | ||||||||||||||||||||||||||||||||
Entertainment Benefits Group, LLC | Entertainment Benefits Group, LLC | First lien senior secured revolving loan | 11,600 | — | Entertainment Benefits Group, LLC | First lien senior secured revolving loan | 7,733 | 3,867 | ||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA) | Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured delayed draw term loan | 6,930 | 10,605 | Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured delayed draw term loan | 200 | 200 | ||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA) | Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured revolving loan | 676 | 676 | Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured revolving loan | 676 | 676 | ||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC | First lien senior secured delayed draw term loan | 2,260 | 19,678 | |||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC | First lien senior secured revolving loan | 6,297 | 6,747 | |||||||||||||||||||||||||||||||||||||
Fullsteam Operations, LLC | First lien senior secured delayed draw term loan | 54,857 | — | |||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 791 | 791 | |||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 3,182 | 3,182 | |||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured delayed draw term loan | — | 2,789 | |||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured delayed draw term loan | 10,000 | — | |||||||||||||||||||||||||||||||||||||
Formerra, LLC | Formerra, LLC | First lien senior secured delayed draw term loan | 211 | 211 | ||||||||||||||||||||||||||||||||||||
Formerra, LLC | Formerra, LLC | First lien senior secured revolving loan | 321 | 526 |
Portfolio Company | Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC | Fortis Solutions Group, LLC | First lien senior secured delayed draw term loan | — | 191 | ||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC | Fortis Solutions Group, LLC | First lien senior secured revolving loan | 5,847 | 5,848 | ||||||||||||||||||||||||||||||||||||
Fullsteam Operations, LLC | Fullsteam Operations, LLC | First lien senior secured delayed draw term loan | — | 31,894 | ||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C. | Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 3,182 | 3,182 | ||||||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C. | Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 791 | 791 | ||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health) | GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured delayed draw term loan | 7,600 | 7,600 | ||||||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health) | GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured revolving loan | 1,506 | 1,673 | GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured revolving loan | 1,506 | 1,506 | ||||||||||||||||||||||||||||||||
Global Music Rights, LLC | Global Music Rights, LLC | First lien senior secured revolving loan | 7,500 | 7,500 | Global Music Rights, LLC | First lien senior secured revolving loan | 7,500 | 7,500 | ||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc. | GovBrands Intermediate, Inc. | First lien senior secured delayed draw term loan | 870 | 870 | GovBrands Intermediate, Inc. | First lien senior secured delayed draw term loan | 870 | 870 | ||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc. | GovBrands Intermediate, Inc. | First lien senior secured revolving loan | 636 | 881 | GovBrands Intermediate, Inc. | First lien senior secured revolving loan | 88 | 88 | ||||||||||||||||||||||||||||||||
Granicus, Inc. | Granicus, Inc. | First lien senior secured revolving loan | 161 | 161 | Granicus, Inc. | First lien senior secured revolving loan | 76 | 107 | ||||||||||||||||||||||||||||||||
Granicus, Inc. | First lien senior secured delayed draw term loan | 136 | 136 | |||||||||||||||||||||||||||||||||||||
Grayshift, LLC | Grayshift, LLC | First lien senior secured revolving loan | 2,419 | — | Grayshift, LLC | First lien senior secured revolving loan | 2,419 | 2,419 | ||||||||||||||||||||||||||||||||
GS Acquisitionco, Inc. (dba insightsoftware) | First lien senior secured delayed draw term loan | 2,180 | 5,081 | |||||||||||||||||||||||||||||||||||||
Guidehouse Inc. | First lien senior secured revolving loan | — | 7,018 | |||||||||||||||||||||||||||||||||||||
HAH Group Holding Company LLC (dba Help at Home) | HAH Group Holding Company LLC (dba Help at Home) | First lien senior secured delayed draw term loan | 9,000 | — | ||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group) | Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured revolving loan | 85 | 96 | Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured revolving loan | 85 | 86 | ||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group) | Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured delayed draw term loan | 11,002 | 20,239 | Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured delayed draw term loan | 7,059 | 9,811 | ||||||||||||||||||||||||||||||||
Hissho Sushi Merger Sub LLC | Hissho Sushi Merger Sub LLC | First lien senior secured revolving loan | 8,162 | — | Hissho Sushi Merger Sub LLC | First lien senior secured revolving loan | 8,162 | 6,996 | ||||||||||||||||||||||||||||||||
Hyperion Refinance S.a.r.l (dba Howden Group) | Hyperion Refinance S.a.r.l (dba Howden Group) | First lien senior secured delayed draw term loan | — | 92,823 | ||||||||||||||||||||||||||||||||||||
Ideal Image Development, LLC | Ideal Image Development, LLC | First lien senior secured delayed draw term loan | 732 | — | Ideal Image Development, LLC | First lien senior secured delayed draw term loan | 732 | 732 | ||||||||||||||||||||||||||||||||
Ideal Image Development, LLC | Ideal Image Development, LLC | First lien senior secured revolving loan | 915 | — | Ideal Image Development, LLC | First lien senior secured revolving loan | — | 915 | ||||||||||||||||||||||||||||||||
IG Investments Holdings, LLC (dba Insight Global) | IG Investments Holdings, LLC (dba Insight Global) | First lien senior secured revolving loan | 3,613 | 1,806 | IG Investments Holdings, LLC (dba Insight Global) | First lien senior secured revolving loan | 3,613 | 2,168 | ||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc. | IMO Investor Holdings, Inc. | First lien senior secured delayed draw term loan | 4,963 | — | IMO Investor Holdings, Inc. | First lien senior secured delayed draw term loan | 4,963 | 4,963 | ||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc. | IMO Investor Holdings, Inc. | First lien senior secured revolving loan | 2,184 | — | IMO Investor Holdings, Inc. | First lien senior secured revolving loan | 1,514 | 2,010 | ||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group) | Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured delayed draw term loan | 31,750 | — | Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured delayed draw term loan | — | 31,750 | ||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group) | Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured revolving loan | 10,583 | — | Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured revolving loan | 10,583 | 10,583 | ||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC | Individual Foodservice Holdings, LLC | First lien senior secured delayed draw term loan | 22,995 | — | Individual Foodservice Holdings, LLC | First lien senior secured revolving loan | 83 | 83 | ||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC | Individual Foodservice Holdings, LLC | First lien senior secured delayed draw term loan | — | 14,861 | Individual Foodservice Holdings, LLC | First lien senior secured delayed draw term loan | 14,393 | 18,414 | ||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC | Individual Foodservice Holdings, LLC | First lien senior secured delayed draw term loan | — | 29 | Individual Foodservice Holdings, LLC | First lien senior secured delayed draw term loan | 8,048 | 8,048 | ||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC | First lien senior secured revolving loan | 83 | 80 | |||||||||||||||||||||||||||||||||||||
Inovalon Holdings, Inc. | First lien senior secured delayed draw term loan | 8,469 | 8,469 | |||||||||||||||||||||||||||||||||||||
Intelerad Medical Systems Inc. | Intelerad Medical Systems Inc. | First lien senior secured revolving loan | 401 | 401 | Intelerad Medical Systems Inc. | First lien senior secured revolving loan | — | 1 | ||||||||||||||||||||||||||||||||
Interoperability Bidco, Inc. (dba Lyniate) | First lien senior secured revolving loan | 3,478 | — | |||||||||||||||||||||||||||||||||||||
Kaseya Inc. | First lien senior secured delayed draw term loan | 4,342 | — | |||||||||||||||||||||||||||||||||||||
Kaseya Inc. | First lien senior secured revolving loan | 4,342 | — |
Portfolio Company | Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||
Interoperability Bidco, Inc. (dba Lyniate) | Interoperability Bidco, Inc. (dba Lyniate) | First lien senior secured revolving loan | 4,213 | 1,739 | ||||||||||||||||||||||||||||||||||||
Kaseya Inc. | Kaseya Inc. | First lien senior secured delayed draw term loan | 4,342 | 4,342 | ||||||||||||||||||||||||||||||||||||
Kaseya Inc. | Kaseya Inc. | First lien senior secured revolving loan | 4,342 | 4,342 | ||||||||||||||||||||||||||||||||||||
KBP Brands, LLC | KBP Brands, LLC | First lien senior secured delayed draw term loan | 3,416 | — | KBP Brands, LLC | First lien senior secured delayed draw term loan | 743 | 743 | ||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky) | First lien senior secured delayed draw term loan | 16,625 | — | |||||||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky) | KPSKY Acquisition, Inc. (dba BluSky) | First lien senior secured delayed draw term loan | — | 4,372 | KPSKY Acquisition, Inc. (dba BluSky) | First lien senior secured delayed draw term loan | 14,488 | 16,625 | ||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions) | KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured delayed draw term loan | 8,748 | — | KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured revolving loan | 1,870 | 3,415 | ||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions) | KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured revolving loan | 2,424 | 3,073 | KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured delayed draw term loan | 8,748 | 8,748 | ||||||||||||||||||||||||||||||||
Lignetics Investment Corp. | Lignetics Investment Corp. | First lien senior secured delayed draw term loan | 9,559 | 9,559 | Lignetics Investment Corp. | First lien senior secured delayed draw term loan | — | 9,559 | ||||||||||||||||||||||||||||||||
Lignetics Investment Corp. | Lignetics Investment Corp. | First lien senior secured revolving loan | 1,338 | 9,559 | Lignetics Investment Corp. | First lien senior secured revolving loan | 5,353 | 4,588 | ||||||||||||||||||||||||||||||||
ManTech International Corporation | ManTech International Corporation | First lien senior secured delayed draw term loan | 3,360 | — | ManTech International Corporation | First lien senior secured delayed draw term loan | 3,360 | 3,360 | ||||||||||||||||||||||||||||||||
ManTech International Corporation | ManTech International Corporation | First lien senior secured revolving loan | 1,524 | — | ManTech International Corporation | First lien senior secured revolving loan | 1,806 | 1,806 | ||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber) | Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured delayed draw term loan | 28,401 | — | Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured delayed draw term loan | 28,401 | 28,401 | ||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber) | Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured revolving loan | 8,038 | — | Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured revolving loan | 8,038 | 8,038 | ||||||||||||||||||||||||||||||||
Medline Borrower, LP | Medline Borrower, LP | First lien senior secured revolving loan | 2,020 | 2,020 | Medline Borrower, LP | First lien senior secured revolving loan | 2,020 | 2,020 | ||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group) | First lien senior secured delayed draw term loan | — | 2,264 | |||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group) | MHE Intermediate Holdings, LLC (dba OnPoint Group) | First lien senior secured revolving loan | 3,571 | 3,571 | MHE Intermediate Holdings, LLC (dba OnPoint Group) | First lien senior secured revolving loan | 3,071 | 3,071 | ||||||||||||||||||||||||||||||||
Milan Laser Holdings LLC | Milan Laser Holdings LLC | First lien senior secured revolving loan | 1,765 | 1,765 | Milan Laser Holdings LLC | First lien senior secured revolving loan | 1,765 | 1,765 | ||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC. | Ministry Brands Holdings, LLC. | First lien senior secured delayed draw term loan | 15,819 | 15,819 | Ministry Brands Holdings, LLC. | First lien senior secured delayed draw term loan | 13,822 | 15,819 | ||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC. | Ministry Brands Holdings, LLC. | First lien senior secured revolving loan | 4,746 | 4,746 | Ministry Brands Holdings, LLC. | First lien senior secured revolving loan | 3,559 | 2,373 | ||||||||||||||||||||||||||||||||
Mitnick Corporate Purchaser, Inc. | Mitnick Corporate Purchaser, Inc. | First lien senior secured revolving loan | 9,375 | — | Mitnick Corporate Purchaser, Inc. | First lien senior secured revolving loan | 6,213 | 8,713 | ||||||||||||||||||||||||||||||||
Natural Partners, LLC | Natural Partners, LLC | First lien senior secured revolving loan | 5,063 | — | Natural Partners, LLC | First lien senior secured revolving loan | 5,063 | 5,063 | ||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants) | NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured revolving loan | 558 | 558 | NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured delayed draw term loan | 1,039 | 1,039 | ||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants) | NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured delayed draw term loan | 1,375 | 1,375 | NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured revolving loan | 558 | 558 | ||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group) | Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured delayed draw term loan | 3,521 | 8,803 | Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured delayed draw term loan | 3,521 | 3,521 | ||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group) | Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured revolving loan | 5,282 | 4,401 | Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured revolving loan | 4,225 | 4,401 | ||||||||||||||||||||||||||||||||
OAC Holdings I Corp. (dba Omega Holdings) | OAC Holdings I Corp. (dba Omega Holdings) | First lien senior secured revolving loan | 1,507 | — | OAC Holdings I Corp. (dba Omega Holdings) | First lien senior secured revolving loan | 478 | 1,139 | ||||||||||||||||||||||||||||||||
OB Hospitalist Group, Inc. | OB Hospitalist Group, Inc. | First lien senior secured revolving loan | 6,394 | 7,140 | OB Hospitalist Group, Inc. | First lien senior secured revolving loan | 4,902 | 5,222 | ||||||||||||||||||||||||||||||||
Ocala Bidco, Inc. | Ocala Bidco, Inc. | First lien senior secured delayed draw term loan | 8,469 | 8,469 | ||||||||||||||||||||||||||||||||||||
Ole Smoky Distillery, LLC | Ole Smoky Distillery, LLC | First lien senior secured revolving loan | 3,302 | — | Ole Smoky Distillery, LLC | First lien senior secured revolving loan | 3,302 | 3,302 | ||||||||||||||||||||||||||||||||
Pacific BidCo Inc. | First lien senior secured delayed draw term loan | 17,905 | — | |||||||||||||||||||||||||||||||||||||
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.) | First lien senior secured revolving loan | 88 | 88 |
Portfolio Company | Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||
Oranje Holdco, Inc. (dba KnowBe4) | Oranje Holdco, Inc. (dba KnowBe4) | First lien senior secured revolving loan | 10,148 | — | ||||||||||||||||||||||||||||||||||||
Pacific BidCo Inc. | Pacific BidCo Inc. | First lien senior secured delayed draw term loan | 17,905 | 17,906 | ||||||||||||||||||||||||||||||||||||
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.) | Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.) | First lien senior secured revolving loan | 88 | 70 | ||||||||||||||||||||||||||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services) | PCF Holdco, LLC (dba PCF Insurance Services) | Preferred equity | 8,740 | — | ||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC | Pediatric Associates Holding Company, LLC | First lien senior secured delayed draw term loan | 1,776 | — | Pediatric Associates Holding Company, LLC | First lien senior secured delayed draw term loan | 533 | 1,776 | ||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | First lien senior secured delayed draw term loan | 15,995 | — | Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | First lien senior secured delayed draw term loan | — | 8,891 | ||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | First lien senior secured delayed draw term loan | — | 3,627 | Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | First lien senior secured revolving loan | 2,570 | 2,570 | ||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | First lien senior secured revolving loan | 2,570 | 2,570 | |||||||||||||||||||||||||||||||||||||
Ping Identity Holding Corp. | Ping Identity Holding Corp. | First lien senior secured revolving loan | 2,182 | 2,182 | ||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup) | Plasma Buyer LLC (dba Pathgroup) | First lien senior secured delayed draw term loan | 28,553 | — | Plasma Buyer LLC (dba Pathgroup) | First lien senior secured delayed draw term loan | 28,553 | 28,553 | ||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup) | Plasma Buyer LLC (dba Pathgroup) | First lien senior secured revolving loan | 12,237 | — | Plasma Buyer LLC (dba Pathgroup) | First lien senior secured revolving loan | 12,237 | 12,237 | ||||||||||||||||||||||||||||||||
Pluralsight, LLC | Pluralsight, LLC | First lien senior secured revolving loan | 392 | 392 | Pluralsight, LLC | First lien senior secured revolving loan | 196 | 196 | ||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC | PPV Intermediate Holdings, LLC | First lien senior secured revolving loan | 11,854 | — | PPV Intermediate Holdings, LLC | First lien senior secured revolving loan | 11,854 | 8,653 | ||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC | PPV Intermediate Holdings, LLC | First lien senior secured delayed draw term loan | 31,569 | — | PPV Intermediate Holdings, LLC | First lien senior secured delayed draw term loan | 6,716 | 19,248 | ||||||||||||||||||||||||||||||||
QAD Inc. | QAD Inc. | First lien senior secured revolving loan | 6,000 | 6,000 | QAD Inc. | First lien senior secured revolving loan | 6,000 | 6,000 | ||||||||||||||||||||||||||||||||
Quva Pharma, Inc. | Quva Pharma, Inc. | First lien senior secured revolving loan | 255 | 455 | Quva Pharma, Inc. | First lien senior secured revolving loan | 155 | 236 | ||||||||||||||||||||||||||||||||
Refresh Parent Holdings, Inc. | First lien senior secured delayed draw term loan | — | 11 | |||||||||||||||||||||||||||||||||||||
Refresh Parent Holdings, Inc. | First lien senior secured delayed draw term loan | — | 10,667 | |||||||||||||||||||||||||||||||||||||
Refresh Parent Holdings, Inc. | First lien senior secured revolving loan | — | 92 | |||||||||||||||||||||||||||||||||||||
Relativity ODA LLC | Relativity ODA LLC | First lien senior secured revolving loan | 435 | 435 | Relativity ODA LLC | First lien senior secured revolving loan | 435 | 435 | ||||||||||||||||||||||||||||||||
Sailpoint Technologies Holdings, Inc. | Sailpoint Technologies Holdings, Inc. | First lien senior secured revolving loan | 5,718 | — | Sailpoint Technologies Holdings, Inc. | First lien senior secured revolving loan | 5,718 | 5,718 | ||||||||||||||||||||||||||||||||
Securonix, Inc. | Securonix, Inc. | First lien senior secured revolving loan | 5,339 | — | Securonix, Inc. | First lien senior secured revolving loan | 5,339 | 5,339 | ||||||||||||||||||||||||||||||||
Simplisafe Holding Corporation | Simplisafe Holding Corporation | First lien senior secured delayed draw term loan | 16,049 | — | Simplisafe Holding Corporation | First lien senior secured delayed draw term loan | 16,049 | 16,049 | ||||||||||||||||||||||||||||||||
Smarsh Inc. | Smarsh Inc. | First lien senior secured delayed draw term loan | 20,762 | — | Smarsh Inc. | First lien senior secured delayed draw term loan | 10,381 | 10,381 | ||||||||||||||||||||||||||||||||
Smarsh Inc. | Smarsh Inc. | First lien senior secured revolving loan | 5,190 | — | Smarsh Inc. | First lien senior secured revolving loan | 664 | 5,190 | ||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC | Southern Air & Heat Holdings, LLC | First lien senior secured delayed draw term loan | 799 | 1,052 | Southern Air & Heat Holdings, LLC | First lien senior secured delayed draw term loan | 124 | 315 | ||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC | Southern Air & Heat Holdings, LLC | First lien senior secured revolving loan | 203 | 282 | Southern Air & Heat Holdings, LLC | First lien senior secured revolving loan | 203 | 203 | ||||||||||||||||||||||||||||||||
Sovos Compliance, LLC | First lien senior secured delayed draw term loan | — | 1,104 | |||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC | First lien senior secured delayed draw term loan | 2,630 | — | |||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC | First lien senior secured delayed draw term loan | 3,683 | — | |||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC | Spotless Brands, LLC | First lien senior secured revolving loan | 403 | — | Spotless Brands, LLC | First lien senior secured revolving loan | 1,169 | 1,461 | ||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen) | SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured revolving loan | 825 | — | SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured revolving loan | 2,371 | 3,626 | ||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen) | SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured revolving loan | 569 | — | SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured delayed draw term loan | 13,947 | 13,947 | ||||||||||||||||||||||||||||||||
Tahoe Finco, LLC | Tahoe Finco, LLC | First lien senior secured revolving loan | 6,279 | 6,279 | ||||||||||||||||||||||||||||||||||||
Tamarack Intermediate, L.L.C. (dba Verisk 3E) | Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured revolving loan | 4,455 | 4,388 |
Portfolio Company | Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured delayed draw term loan | 13,947 | — | |||||||||||||||||||||||||||||||||||||
Tahoe Finco, LLC | First lien senior secured revolving loan | 6,279 | 6,279 | |||||||||||||||||||||||||||||||||||||
Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured revolving loan | 5,336 | — | |||||||||||||||||||||||||||||||||||||
TC Holdings, LLC (dba TrialCard) | TC Holdings, LLC (dba TrialCard) | First lien senior secured revolving loan | 7,768 | — | TC Holdings, LLC (dba TrialCard) | First lien senior secured revolving loan | 7,768 | 7,768 | ||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services) | Tempo Buyer Corp. (dba Global Claims Services) | First lien senior secured delayed draw term loan | 10,317 | 10,317 | Tempo Buyer Corp. (dba Global Claims Services) | First lien senior secured delayed draw term loan | 10,317 | 10,317 | ||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services) | Tempo Buyer Corp. (dba Global Claims Services) | First lien senior secured revolving loan | 4,849 | 5,159 | Tempo Buyer Corp. (dba Global Claims Services) | First lien senior secured revolving loan | 3,508 | 4,746 | ||||||||||||||||||||||||||||||||
The NPD Group, L.P. | The NPD Group, L.P. | First lien senior secured revolving loan | 14,267 | — | The NPD Group, L.P. | First lien senior secured revolving loan | 12,270 | 12,555 | ||||||||||||||||||||||||||||||||
The Shade Store, LLC | The Shade Store, LLC | First lien senior secured revolving loan | 6,818 | 6,818 | The Shade Store, LLC | First lien senior secured revolving loan | 2,045 | 4,909 | ||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions) | Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured revolving loan | 470 | 714 | Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured revolving loan | 265 | 470 | ||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions) | Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured delayed draw term loan | 1,306 | 2,041 | Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured delayed draw term loan | 1,306 | 1,306 | ||||||||||||||||||||||||||||||||
Troon Golf, L.L.C. | Troon Golf, L.L.C. | First lien senior secured delayed draw term loan | 10,000 | — | Troon Golf, L.L.C. | First lien senior secured delayed draw term loan | 10,000 | 10,000 | ||||||||||||||||||||||||||||||||
Troon Golf, L.L.C. | Troon Golf, L.L.C. | First lien senior secured revolving loan | 7,207 | 7,207 | Troon Golf, L.L.C. | First lien senior secured revolving loan | 7,207 | 7,207 | ||||||||||||||||||||||||||||||||
Ultimate Baked Goods Midco, LLC | Ultimate Baked Goods Midco, LLC | First lien senior secured revolving loan | 600 | 950 | Ultimate Baked Goods Midco, LLC | First lien senior secured revolving loan | 1,750 | 1,475 | ||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP | Unified Women's Healthcare, LP | First lien senior secured delayed draw term loan | 5,075 | — | Unified Women's Healthcare, LP | First lien senior secured delayed draw term loan | 1,353 | 3,045 | ||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP | Unified Women's Healthcare, LP | First lien senior secured revolving loan | 8,120 | — | Unified Women's Healthcare, LP | First lien senior secured revolving loan | 8,120 | 8,120 | ||||||||||||||||||||||||||||||||
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | First lien senior secured revolving loan | 1,096 | 1,078 | USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | First lien senior secured revolving loan | 1,096 | 1,096 | ||||||||||||||||||||||||||||||||
Velocity HoldCo III Inc. (dba VelocityEHS) | Velocity HoldCo III Inc. (dba VelocityEHS) | First lien senior secured revolving loan | 142 | 142 | Velocity HoldCo III Inc. (dba VelocityEHS) | First lien senior secured revolving loan | 113 | 113 | ||||||||||||||||||||||||||||||||
Walker Edison Furniture Company LLC | Walker Edison Furniture Company LLC | First lien senior secured delayed draw term loan | 333 | — | ||||||||||||||||||||||||||||||||||||
When I Work, Inc. | When I Work, Inc. | First lien senior secured revolving loan | 4,164 | 4,164 | When I Work, Inc. | First lien senior secured revolving loan | 3,747 | 4,164 | ||||||||||||||||||||||||||||||||
Zendesk, Inc. | Zendesk, Inc. | First lien senior secured delayed draw term loan | 30,080 | 30,080 | ||||||||||||||||||||||||||||||||||||
Zendesk, Inc. | Zendesk, Inc. | First lien senior secured revolving loan | 12,386 | 12,386 | ||||||||||||||||||||||||||||||||||||
Total Unfunded Portfolio Company Commitments | Total Unfunded Portfolio Company Commitments | $ | 1,104,273 | $ | 422,808 | Total Unfunded Portfolio Company Commitments | $ | 868,961 | $ | 1,067,317 |
Classification | Number of Shares (in thousands) | Par Value | ||||||||||||
Class S Shares | 1,000,000 | $ | 0.01 | |||||||||||
Class D Shares | 1,000,000 | $ | 0.01 | |||||||||||
Class I Shares | 1,000,000 | $ | 0.01 | |||||||||||
Total | 3,000,000 |
For the Three Months Ended March 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | Class D | Class I | Total | |||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the continuous public offering | 17,528,972 | $ | 162,332 | 5,015,703 | $ | 46,224 | 38,530,460 | $ | 353,968 | 61,075,135 | $ | 562,524 | ||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the private placements | — | — | — | — | 1,525,337 | 14,040 | 1,525,337 | 14,040 | ||||||||||||||||||||||||||||||||||||||||||
Reinvestment of distributions | 1,723,661 | 15,832 | 520,722 | 4,787 | 3,120,002 | 28,728 | 5,364,385 | 49,347 | ||||||||||||||||||||||||||||||||||||||||||
Repurchased shares | (2,349,994) | (21,643) | (374,566) | (3,453) | (7,361,842) | (68,024) | (10,086,402) | (93,120) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/gross proceeds | 16,902,639 | 156,521 | 5,161,859 | 47,558 | 35,813,957 | 328,712 | 57,878,455 | 532,791 | ||||||||||||||||||||||||||||||||||||||||||
Sales load | — | (1,557) | — | (49) | — | — | — | (1,606) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/net proceeds | 16,902,639 | $ | 154,964 | 5,161,859 | $ | 47,509 | 35,813,957 | $ | 328,712 | 57,878,455 | $ | 531,185 |
For the Three Months Ended September 30, 2022 | For the Three Months Ended March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | Class D | Class I | Total | Class S | Class D | Class I | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share amounts) | ($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the continuous public offering | Shares/gross proceeds from the continuous public offering | 25,525,944 | $ | 231,220 | 5,608,407 | $ | 50,343 | 53,594,346 | $ | 483,022 | 84,728,697 | $ | 764,585 | Shares/gross proceeds from the continuous public offering | 48,271,855 | $ | 453,018 | 12,403,855 | $ | 115,734 | 65,711,868 | $ | 612,240 | 126,387,578 | $ | 1,180,992 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the private placements | Shares/gross proceeds from the private placements | — | — | — | — | 3,573,813 | 32,219 | 3,573,813 | 32,219 | Shares/gross proceeds from the private placements | — | — | — | — | 4,176,265 | 38,756 | 4,176,265 | 38,756 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reinvestment of distributions | Reinvestment of distributions | 1,037,935 | 9,333 | 339,854 | 3,060 | 1,922,051 | 17,350 | 3,299,840 | 29,743 | Reinvestment of distributions | 390,070 | 3,630 | 157,073 | 1,461 | 631,685 | 5,885 | 1,178,828 | 10,976 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchased shares | Repurchased shares | (975,399) | (8,769) | (125,759) | (1,132) | (3,660,100) | (32,978) | (4,761,258) | (42,878) | Repurchased shares | (649,420) | (6,001) | (32,853) | (304) | (1,833,520) | (16,978) | (2,515,793) | (23,283) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total shares/gross proceeds | Total shares/gross proceeds | 25,588,480 | 231,784 | 5,822,502 | 52,271 | 55,430,110 | 499,613 | 86,841,092 | 783,669 | Total shares/gross proceeds | 48,012,505 | 450,647 | 12,528,075 | 116,891 | 68,686,298 | 639,903 | 129,226,878 | 1,207,441 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales load | Sales load | — | (2,215) | — | — | — | — | — | (2,215) | Sales load | — | (3,650) | — | (332) | — | — | — | (3,982) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total shares/net proceeds | Total shares/net proceeds | 25,588,480 | $ | 229,569 | 5,822,502 | $ | 52,271 | 55,430,110 | $ | 499,613 | 86,841,092 | $ | 781,454 | Total shares/net proceeds | 48,012,505 | $ | 446,997 | 12,528,075 | $ | 116,559 | 68,686,298 | $ | 639,903 | 129,226,878 | $ | 1,203,459 |
For the Three Months Ended September 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | Class D | Class I | Total | |||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the continuous public offering | 14,647,167 | $ | 137,884 | 3,735,226 | $ | 34,766 | 26,527,911 | $ | 246,709 | 44,910,304 | $ | 419,359 | ||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the private placements | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Reinvestment of distributions | 44,239 | 410 | 39,323 | 365 | 112,188 | 1,044 | 195,750 | 1,819 | ||||||||||||||||||||||||||||||||||||||||||
Repurchased shares | — | — | (5,933) | (55) | (31,254) | (291) | (37,187) | (346) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/gross proceeds | 14,691,406 | 138,294 | 3,768,616 | 35,076 | 26,608,845 | 247,462 | 45,068,867 | 420,832 | ||||||||||||||||||||||||||||||||||||||||||
Sales load | — | (1,666) | — | (65) | — | — | — | (1,731) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/net proceeds | 14,691,406 | $ | 136,628 | 3,768,616 | $ | 35,011 | 26,608,845 | $ | 247,462 | 45,068,867 | $ | 419,101 |
For the Nine Months Ended September 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | Class D | Class I | Total | |||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the continuous public offering | 119,271,531 | $ | 1,104,545 | 25,925,981 | $ | 238,937 | 199,692,008 | $ | 1,834,660 | 344,889,520 | $ | 3,178,142 | ||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the private placements | — | — | — | — | 12,152,271 | 111,484 | 12,152,271 | 111,484 | ||||||||||||||||||||||||||||||||||||||||||
Reinvestment of distributions | 2,112,563 | 19,227 | 758,555 | 6,921 | 3,721,296 | 33,943 | 6,592,414 | 60,091 | ||||||||||||||||||||||||||||||||||||||||||
Repurchased shares | (2,571,103) | (23,135) | (283,888) | (2,546) | (7,567,237) | (68,370) | (10,422,228) | (94,051) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/gross proceeds | 118,812,991 | 1,100,637 | 26,400,648 | 243,312 | 207,998,338 | 1,911,717 | 353,211,977 | 3,255,666 | ||||||||||||||||||||||||||||||||||||||||||
Sales load | — | (9,288) | — | (446) | — | — | — | (9,734) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/net proceeds | 118,812,991 | $ | 1,091,349 | 26,400,648 | $ | 242,866 | 207,998,338 | $ | 1,911,717 | 353,211,977 | $ | 3,245,932 |
For the Nine months ended September 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | Class D | Class I | Total | |||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the continuous public offering | 17,515,705 | $ | 164,931 | 7,103,293 | $ | 65,958 | 41,510,484 | $ | 385,557 | 66,129,482 | $ | 616,446 | ||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the private placements | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Reinvestment of distributions | 51,782 | 480 | 51,667 | 479 | 138,020 | 1,283 | 241,469 | 2,242 | ||||||||||||||||||||||||||||||||||||||||||
Repurchased shares | — | — | (5,933) | (55) | (31,254) | (291) | (37,187) | (346) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/gross proceeds | 17,567,487 | 165,411 | 7,149,027 | 66,382 | 41,617,250 | 386,549 | 66,333,764 | 618,342 | ||||||||||||||||||||||||||||||||||||||||||
Sales load | — | (2,133) | — | (65) | — | — | — | (2,198) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/net proceeds | 17,567,487 | $ | 163,278 | 7,149,027 | $ | 66,317 | 41,617,250 | $ | 386,549 | 66,333,764 | $ | 616,144 |
Class S | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
March 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
April 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
May 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
June 1, 2021 | $ | 9.28 | $ | 0.32 | $ | 9.60 | ||||||||||||||
July 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
August 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
September 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
October 1, 2021 | $ | 9.31 | $ | 0.33 | $ | 9.64 | ||||||||||||||
November 1, 2021 | $ | 9.32 | $ | 0.33 | $ | 9.65 | ||||||||||||||
December 1, 2021 | $ | 9.31 | $ | 0.33 | $ | 9.64 | ||||||||||||||
January 1, 2022 | $ | 9.33 | $ | 0.33 | $ | 9.66 | ||||||||||||||
February 1, 2022 | $ | 9.33 | $ | 0.33 | $ | 9.66 | ||||||||||||||
March 1, 2022 | $ | 9.27 | $ | 0.32 | $ | 9.59 | ||||||||||||||
April 1, 2022 | $ | 9.24 | $ | 0.32 | $ | 9.56 | ||||||||||||||
May 1, 2022 | $ | 9.23 | $ | 0.32 | $ | 9.55 | ||||||||||||||
June 1, 2022 | $ | 9.02 | $ | 0.32 | $ | 9.34 | ||||||||||||||
July 1, 2022 | $ | 8.84 | $ | 0.31 | $ | 9.15 | ||||||||||||||
August 1, 2022 | $ | 9.02 | $ | 0.32 | $ | 9.34 | ||||||||||||||
September 1, 2022 | $ | 9.09 | $ | 0.32 | $ | 9.41 |
Class S | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
March 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
April 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
May 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
June 1, 2021 | $ | 9.28 | $ | 0.32 | $ | 9.60 | ||||||||||||||
July 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
August 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
September 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
October 1, 2021 | $ | 9.31 | $ | 0.33 | $ | 9.64 | ||||||||||||||
November 1, 2021 | $ | 9.32 | $ | 0.33 | $ | 9.65 | ||||||||||||||
December 1, 2021 | $ | 9.31 | $ | 0.33 | $ | 9.64 | ||||||||||||||
January 1, 2022 | $ | 9.33 | $ | 0.33 | $ | 9.66 | ||||||||||||||
February 1, 2022 | $ | 9.33 | $ | 0.33 | $ | 9.66 | ||||||||||||||
March 1, 2022 | $ | 9.27 | $ | 0.32 | $ | 9.59 | ||||||||||||||
April 1, 2022 | $ | 9.24 | $ | 0.32 | $ | 9.56 | ||||||||||||||
May 1, 2022 | $ | 9.23 | $ | 0.32 | $ | 9.55 | ||||||||||||||
June 1, 2022 | $ | 9.02 | $ | 0.32 | $ | 9.34 | ||||||||||||||
July 1, 2022 | $ | 8.84 | $ | 0.31 | $ | 9.15 | ||||||||||||||
August 1, 2022 | $ | 9.02 | $ | 0.32 | $ | 9.34 | ||||||||||||||
September 1, 2022 | $ | 9.09 | $ | 0.32 | $ | 9.41 | ||||||||||||||
October 1, 2022 | $ | 8.99 | $ | 0.31 | $ | 9.30 |
Class D | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
March 1, 2021 | $ | 9.26 | $ | 0.14 | $ | 9.40 | ||||||||||||||
April 1, 2021 | $ | 9.26 | $ | 0.14 | $ | 9.40 | ||||||||||||||
May 1, 2021 | $ | 9.25 | $ | 0.14 | $ | 9.39 | ||||||||||||||
June 1, 2021 | $ | 9.27 | $ | 0.14 | $ | 9.41 | ||||||||||||||
July 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||
August 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||
September 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||
October 1, 2021 | $ | 9.31 | $ | 0.14 | $ | 9.45 | ||||||||||||||
November 1, 2021 | $ | 9.32 | $ | 0.14 | $ | 9.46 | ||||||||||||||
December 1, 2021 | $ | 9.31 | $ | 0.14 | $ | 9.45 | ||||||||||||||
January 1, 2022 | $ | 9.34 | $ | 0.14 | $ | 9.48 | ||||||||||||||
February 1, 2022 | $ | 9.33 | $ | 0.14 | $ | 9.47 | ||||||||||||||
March 1, 2022 | $ | 9.27 | $ | 0.14 | $ | 9.41 | ||||||||||||||
April 1, 2022 | $ | 9.25 | $ | 0.14 | $ | 9.39 | ||||||||||||||
May 1, 2022 | $ | 9.24 | $ | 0.14 | $ | 9.38 | ||||||||||||||
June 1, 2022 | $ | 9.04 | $ | 0.14 | $ | 9.18 | ||||||||||||||
July 1, 2022 | $ | 8.86 | $ | 0.13 | $ | 8.99 | ||||||||||||||
August 1, 2022 | $ | 9.04 | $ | 0.14 | $ | 9.18 | ||||||||||||||
September 1, 2022 | $ | 9.09 | $ | 0.14 | $ | 9.23 |
Class S | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
November 1, 2022 | $ | 9.00 | $ | 0.32 | $ | 9.32 | ||||||||||||||
December 1, 2022 | $ | 9.05 | $ | 0.32 | $ | 9.37 | ||||||||||||||
January 1, 2023 | $ | 9.06 | $ | 0.32 | $ | 9.38 | ||||||||||||||
February 1, 2023 | $ | 9.24 | $ | 0.32 | $ | 9.56 | ||||||||||||||
March 1, 2023 | $ | 9.23 | $ | 0.32 | $ | 9.55 |
Class D | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
March 1, 2021 | $ | 9.26 | $ | 0.14 | $ | 9.40 | ||||||||||||||
April 1, 2021 | $ | 9.26 | $ | 0.14 | $ | 9.40 | ||||||||||||||
May 1, 2021 | $ | 9.25 | $ | 0.14 | $ | 9.39 | ||||||||||||||
June 1, 2021 | $ | 9.27 | $ | 0.14 | $ | 9.41 | ||||||||||||||
July 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||
August 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||
September 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||
October 1, 2021 | $ | 9.31 | $ | 0.14 | $ | 9.45 | ||||||||||||||
November 1, 2021 | $ | 9.32 | $ | 0.14 | $ | 9.46 | ||||||||||||||
December 1, 2021 | $ | 9.31 | $ | 0.14 | $ | 9.45 | ||||||||||||||
January 1, 2022 | $ | 9.34 | $ | 0.14 | $ | 9.48 | ||||||||||||||
February 1, 2022 | $ | 9.33 | $ | 0.14 | $ | 9.47 | ||||||||||||||
March 1, 2022 | $ | 9.27 | $ | 0.14 | $ | 9.41 | ||||||||||||||
April 1, 2022 | $ | 9.25 | $ | 0.14 | $ | 9.39 | ||||||||||||||
May 1, 2022 | $ | 9.24 | $ | 0.14 | $ | 9.38 | ||||||||||||||
June 1, 2022 | $ | 9.04 | $ | 0.14 | $ | 9.18 | ||||||||||||||
July 1, 2022 | $ | 8.86 | $ | 0.13 | $ | 8.99 | ||||||||||||||
August 1, 2022 | $ | 9.04 | $ | 0.14 | $ | 9.18 | ||||||||||||||
September 1, 2022 | $ | 9.09 | $ | 0.14 | $ | 9.23 | ||||||||||||||
October 1, 2022 | $ | 9.00 | $ | 0.14 | $ | 9.14 | ||||||||||||||
November 1, 2022 | $ | 9.01 | $ | 0.14 | $ | 9.15 | ||||||||||||||
December 1, 2022 | $ | 9.05 | $ | 0.14 | $ | 9.19 | ||||||||||||||
January 1, 2023 | $ | 9.07 | $ | 0.14 | $ | 9.21 | ||||||||||||||
February 1, 2023 | $ | 9.25 | $ | 0.14 | $ | 9.39 | ||||||||||||||
March 1, 2023 | $ | 9.24 | $ | 0.14 | $ | 9.38 |
Class I | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
March 1, 2021 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
April 1, 2021 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
May 1, 2021 | $ | 9.25 | $ | — | $ | 9.25 | ||||||||||||||
June 1, 2021 | $ | 9.27 | $ | — | $ | 9.27 | ||||||||||||||
July 1, 2021 | $ | 9.29 | $ | — | $ | 9.29 | ||||||||||||||
August 1, 2021 | $ | 9.29 | $ | — | $ | 9.29 | ||||||||||||||
September 1, 2021 | $ | 9.29 | $ | — | $ | 9.29 | ||||||||||||||
October 1, 2021 | $ | 9.31 | $ | — | $ | 9.31 | ||||||||||||||
November 1, 2021 | $ | 9.32 | $ | — | $ | 9.32 | ||||||||||||||
December 1, 2021 | $ | 9.31 | $ | — | $ | 9.31 | ||||||||||||||
January 1, 2022 | $ | 9.34 | $ | — | $ | 9.34 | ||||||||||||||
February 1, 2022 | $ | 9.33 | $ | — | $ | 9.33 | ||||||||||||||
March 1, 2022 | $ | 9.27 | $ | — | $ | 9.27 | ||||||||||||||
April 1, 2022 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
May 1, 2022 | $ | 9.25 | $ | — | $ | 9.25 | ||||||||||||||
June 1, 2022 | $ | 9.05 | $ | — | $ | 9.05 | ||||||||||||||
July 1, 2022 | $ | 8.88 | $ | — | $ | 8.88 |
Class I | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
Initial Offering Price | $ | 10.00 | $ | — | $ | 10.00 | ||||||||||||||
March 1, 2021 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
April 1, 2021 | $ | 9.26 | $ | — | $ | 9.26 |
Class I | Class I | Class I | ||||||||||||||||||||||||||||||||||||||
Effective Date | Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | ||||||||||||||||||||||||||||||||
May 1, 2021 | May 1, 2021 | $ | 9.26 | $ | — | $ | 9.26 | |||||||||||||||||||||||||||||||||
June 1, 2021 | June 1, 2021 | $ | 9.28 | $ | — | $ | 9.28 | |||||||||||||||||||||||||||||||||
July 1, 2021 | July 1, 2021 | $ | 9.30 | $ | — | $ | 9.30 | |||||||||||||||||||||||||||||||||
August 1, 2021 | August 1, 2021 | $ | 9.30 | $ | — | $ | 9.30 | |||||||||||||||||||||||||||||||||
September 1, 2021 | September 1, 2021 | $ | 9.30 | $ | — | $ | 9.30 | |||||||||||||||||||||||||||||||||
October 1, 2021 | October 1, 2021 | $ | 9.32 | $ | — | $ | 9.32 | |||||||||||||||||||||||||||||||||
November 1, 2021 | November 1, 2021 | $ | 9.32 | $ | — | $ | 9.32 | |||||||||||||||||||||||||||||||||
December 1, 2021 | December 1, 2021 | $ | 9.31 | $ | — | $ | 9.31 | |||||||||||||||||||||||||||||||||
January 1, 2022 | January 1, 2022 | $ | 9.34 | $ | — | $ | 9.34 | |||||||||||||||||||||||||||||||||
February 1, 2022 | February 1, 2022 | $ | 9.34 | $ | — | $ | 9.34 | |||||||||||||||||||||||||||||||||
March 1, 2022 | March 1, 2022 | $ | 9.28 | $ | — | $ | 9.28 | |||||||||||||||||||||||||||||||||
April 1, 2022 | April 1, 2022 | $ | 9.26 | $ | — | $ | 9.26 | |||||||||||||||||||||||||||||||||
May 1, 2022 | May 1, 2022 | $ | 9.25 | $ | — | $ | 9.25 | |||||||||||||||||||||||||||||||||
June 1, 2022 | June 1, 2022 | $ | 9.05 | $ | — | $ | 9.05 | |||||||||||||||||||||||||||||||||
July 1, 2022 | July 1, 2022 | $ | 8.88 | $ | — | $ | 8.88 | |||||||||||||||||||||||||||||||||
August 1, 2022 | August 1, 2022 | $ | 9.06 | $ | — | $ | 9.06 | August 1, 2022 | $ | 9.06 | $ | — | $ | 9.06 | ||||||||||||||||||||||||||
September 1, 2022 | September 1, 2022 | $ | 9.11 | $ | — | $ | 9.11 | September 1, 2022 | $ | 9.11 | $ | — | $ | 9.11 | ||||||||||||||||||||||||||
October 1, 2022 | October 1, 2022 | $ | 9.01 | $ | — | $ | 9.01 | |||||||||||||||||||||||||||||||||
November 1, 2022 | November 1, 2022 | $ | 9.02 | $ | — | $ | 9.02 | |||||||||||||||||||||||||||||||||
December 1, 2022 | December 1, 2022 | $ | 9.07 | $ | — | $ | 9.07 | |||||||||||||||||||||||||||||||||
January 1, 2023 | January 1, 2023 | $ | 9.08 | $ | — | $ | 9.08 | |||||||||||||||||||||||||||||||||
February 1, 2023 | February 1, 2023 | $ | 9.26 | $ | — | $ | 9.26 | |||||||||||||||||||||||||||||||||
March 1, 2023 | March 1, 2023 | $ | 9.26 | $ | — | $ | 9.26 |
Class S common stock distributions | Class D common stock distributions | Class I common stock distributions | ||||||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | Per Share(1) | Amount | Per Share(1) | Amount | Per Share | Amount | ||||||||||||||||||||||||||||||||
2022 | ||||||||||||||||||||||||||||||||||||||
January 31, 2022 | $ | 0.05580 | $ | 3,798 | $ | 0.05580 | $ | 1,094 | $ | 0.05580 | $ | 6,348 | ||||||||||||||||||||||||||
February 28, 2022 | 0.05580 | 4,593 | 0.05580 | 1,367 | 0.05580 | 7,312 | ||||||||||||||||||||||||||||||||
March 31, 2022 | 0.05580 | 5,334 | 0.05580 | 1,673 | 0.05580 | 8,860 | ||||||||||||||||||||||||||||||||
April 30, 2022 | 0.05580 | 6,147 | 0.05580 | 1,767 | 0.05580 | 10,893 | ||||||||||||||||||||||||||||||||
May 31, 2022 | 0.05580 | 6,896 | 0.05580 | 2,003 | 0.05580 | 12,307 | ||||||||||||||||||||||||||||||||
June 30, 2022 | 0.05580 | 7,613 | 0.05580 | 2,110 | 0.05580 | 13,541 | ||||||||||||||||||||||||||||||||
July 31, 2022 | 0.06038 | 8,877 | 0.06038 | 2,445 | 0.06038 | 15,923 | ||||||||||||||||||||||||||||||||
August 31, 2022 | 0.06038 | 9,247 | 0.06038 | 2,505 | 0.06038 | 16,982 | ||||||||||||||||||||||||||||||||
September 30, 2022 | 0.06643 | 10,779 | 0.06643 | 2,902 | 0.06643 | 19,803 | ||||||||||||||||||||||||||||||||
Total | $ | 0.52199 | $ | 63,284 | $ | 0.52199 | $ | 17,866 | $ | 0.52199 | $ | 111,969 |
Declaration Date | Record Date | Payment Date | Distribution Per Share(1) | Distribution Amount | ||||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | Class S | Class D | Class I | |||||||||||||||||||||||||||||||||||
December 5, 2022 | January 31, 2023 | February 24, 2023 | $ | 0.08765 | $ | 16,523 | $ | 4,296 | $ | 30,667 | ||||||||||||||||||||||||||||
February 10, 2023 | February 28, 2023 | March 23, 2023 | 0.06765 | 12,882 | 3,372 | 24,319 | ||||||||||||||||||||||||||||||||
February 10, 2023 | March 31, 2023 | April 26, 2023 | 0.06765 | 13,027 | 3,550 | 24,938 | ||||||||||||||||||||||||||||||||
Total | $ | 0.22295 | $ | 42,432 | $ | 11,218 | $ | 79,924 |
Class S common stock distributions | Class D common stock distributions | Class I common stock distributions | ||||||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | Per Share(1) | Amount | Per Share(1) | Amount | Per Share(1) | Amount | ||||||||||||||||||||||||||||||||
2021 | ||||||||||||||||||||||||||||||||||||||
March 31, 2021 | $ | — | $ | — | $ | 0.05146 | $ | 16 | $ | 0.05146 | $ | 194 | ||||||||||||||||||||||||||
April 30, 2021 | 0.05146 | 33 | 0.05146 | 54 | 0.05146 | 418 | ||||||||||||||||||||||||||||||||
May 31, 2021 | 0.05146 | 91 | 0.05146 | 101 | 0.05146 | 558 | ||||||||||||||||||||||||||||||||
June 30, 2021 | 0.05146 | 129 | 0.05146 | 168 | 0.05146 | 839 | ||||||||||||||||||||||||||||||||
July 31, 2021 | 0.05146 | $ | 294 | 0.05146 | $ | 222 | 0.05146 | $ | 1,116 | |||||||||||||||||||||||||||||
August 31, 2021 | 0.05146 | $ | 432 | 0.05146 | $ | 270 | 0.05146 | $ | 1,648 | |||||||||||||||||||||||||||||
September 30, 2021 | 0.05146 | $ | 789 | 0.05146 | $ | 354 | 0.05146 | $ | 2,209 | |||||||||||||||||||||||||||||
Total | $ | 0.30876 | $ | 1,768 | $ | 0.36022 | $ | 1,185 | $ | 0.36022 | $ | 6,982 |
Declaration Date | Record Date | Payment Date | Distribution Per Share(1) | Distribution Amount | ||||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | Class S | Class D | Class I | |||||||||||||||||||||||||||||||||||
November 2, 2021 | January 31, 2022 | February 23, 2022 | $ | 0.05580 | $ | 3,798 | $ | 1,094 | $ | 6,348 | ||||||||||||||||||||||||||||
November 2, 2021 | February 28, 2022 | March 24, 2022 | 0.05580 | 4,593 | 1,367 | 7,312 | ||||||||||||||||||||||||||||||||
November 2, 2021 | March 31, 2022 | April 25, 2022 | 0.05580 | 5,334 | 1,673 | 8,860 | ||||||||||||||||||||||||||||||||
Total | $ | 0.16740 | $ | 13,725 | $ | 4,134 | $ | 22,520 |
For The Nine Months Ended September 30, 2022 | For the Three Months Ended March 31, 2023 | |||||||||||||||||||||||||||||||||||||||
Source of Distribution(2) | Source of Distribution(2) | Per Share(1) | Amount | Percentage | Source of Distribution(2) | Per Share(1) | Amount | Percentage | ||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | ($ in thousands, except per share amounts) | ($ in thousands, except per share amounts) | ||||||||||||||||||||||||||||||||||||||
Net investment income | Net investment income | $ | 0.52199 | $ | 193,119 | 100.0 | % | Net investment income | $ | 0.22295 | $ | 133,574 | 100.0 | % | ||||||||||||||||||||||||||
Total | Total | $ | 0.52199 | $ | 193,119 | 100.0 | % | Total | $ | 0.22295 | $ | 133,574 | 100.0 | % |
For the Nine Months Ended September 30, 2021 | For the Three Months Ended March 31, 2022 | |||||||||||||||||||||||||||||||||||||||
Source of Distribution(2) | Source of Distribution(2) | Per Share(1) | Amount | Percentage | Source of Distribution(2) | Per Share(1) | Amount | Percentage | ||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | ($ in thousands, except per share amounts) | ($ in thousands, except per share amounts) | ||||||||||||||||||||||||||||||||||||||
Net investment income | Net investment income | $ | 0.29208 | $ | 8,269 | 83.2 | % | Net investment income | $ | 0.16740 | $ | 40,379 | 100.0 | % | ||||||||||||||||||||||||||
Net realized gain (loss) on investments | 0.03265 | 922 | 9.3 | |||||||||||||||||||||||||||||||||||||
Distributions in excess of net investment income | 0.02633 | 744 | 7.5 | |||||||||||||||||||||||||||||||||||||
Total | Total | $ | 0.35106 | $ | 9,935 | 100.0 | % | Total | $ | 0.16740 | $ | 40,379 | 100.0 | % |
Offer Date | Class | Tender Offer Expiration | Tender Offer | Purchase Price per Share | Shares Repurchased | |||||||||||||||||||||||||||
February 25, 2022 | S | March 31, 2022 | $ | 6,001 | $ | 9.24 | 649,420 | |||||||||||||||||||||||||
February 25, 2022 | D | March 31, 2022 | $ | 304 | $ | 9.25 | 32,853 | |||||||||||||||||||||||||
February 25, 2022 | I | March 31, 2022 | $ | 16,978 | $ | 9.26 | 1,833,520 | |||||||||||||||||||||||||
February 28, 2023 | S | March 31, 2023 | $ | 21,643 | $ | 9.21 | 2,349,994 | |||||||||||||||||||||||||
February 28, 2023 | D | March 31, 2023 | $ | 3,453 | $ | 9.22 | 374,566 | |||||||||||||||||||||||||
February 28, 2023 | I | March 31, 2023 | $ | 68,024 | $ | 9.24 | 7,361,842 |
Offer Date | Class | Tender Offer Expiration | Tender Offer | Purchase Price per Share | Shares Repurchased | |||||||||||||||||||||||||||
August 25, 2021 | D | September 30, 2021 | $ | 55 | $ | 9.31 | 5,933 | |||||||||||||||||||||||||
August 25, 2021 | I | September 30, 2021 | $ | 291 | $ | 9.32 | 31,255 | |||||||||||||||||||||||||
November 26, 2021 | S | December 30, 2021 | $ | 150 | $ | 9.33 | 16,129 | |||||||||||||||||||||||||
November 26, 2021 | D | December 30, 2021 | $ | 51 | $ | 9.34 | 5,394 | |||||||||||||||||||||||||
November 26, 2021 | I | December 30, 2021 | $ | 1,213 | $ | 9.34 | 129,828 | |||||||||||||||||||||||||
February 25, 2022 | S | March 31, 2022 | $ | 6,001 | $ | 9.24 | 649,420 | |||||||||||||||||||||||||
February 25, 2022 | D | March 31, 2022 | $ | 304 | $ | 9.25 | 32,853 | |||||||||||||||||||||||||
February 25, 2022 | I | March 31, 2022 | $ | 16,978 | $ | 9.26 | 1,833,520 | |||||||||||||||||||||||||
May 25, 2022 | S | June 30, 2022 | $ | 8,365 | $ | 8.84 | 946,284 | |||||||||||||||||||||||||
May 25, 2022 | D | June 30, 2022 | $ | 1,110 | $ | 8.86 | 125,276 | |||||||||||||||||||||||||
May 25, 2022 | I | June 30, 2022 | $ | 18,414 | $ | 8.88 | 2,073,617 | |||||||||||||||||||||||||
August 25, 2022 | S | September 30, 2022 | $ | 8,769 | $ | 8.99 | 975,399 | |||||||||||||||||||||||||
August 25, 2022 | D | September 30, 2022 | $ | 1,132 | $ | 9.00 | 125,759 | |||||||||||||||||||||||||
August 25, 2022 | I | September 30, 2022 | $ | 32,978 | $ | 9.01 | 3,660,100 |
Three Months Ended September 30, | For the Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2023 | 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | ($ in thousands, except per share amounts) | Class S common stock | Class D common stock | Class I common stock | Class S common stock | Class D common stock | Class I common stock | ($ in thousands, except per share amounts) | Class S common stock | Class D common stock | Class I common stock | Class S common stock | Class D common stock | Class I common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets resulting from operations | Increase (decrease) in net assets resulting from operations | $ | 51,124 | $ | 13,457 | $ | 88,290 | $ | 1,946 | $ | 1,057 | $ | 6,132 | Increase (decrease) in net assets resulting from operations | 75,696 | 18,753 | 130,584 | 6,161 | 1,958 | 11,452 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Weighted average shares of common stock outstanding—basic and diluted | Weighted average shares of common stock outstanding—basic and diluted | 171,779,747 | 43,183,930 | 280,852,155 | 11,160,688 | 5,670,041 | 31,988,535 | Weighted average shares of common stock outstanding—basic and diluted | 209,496,627 | 51,902,057 | 361,401,758 | 92,693,920 | 25,539,563 | 134,734,682 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings (loss) per common share— basic and diluted | Earnings (loss) per common share— basic and diluted | $ | 0.30 | $ | 0.31 | $ | 0.31 | $ | 0.17 | $ | 0.19 | $ | 0.19 | Earnings (loss) per common share— basic and diluted | $ | 0.36 | $ | 0.36 | $ | 0.36 | $ | 0.07 | $ | 0.08 | $ | 0.08 |
Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||||||||
2022 | 2021 | |||||||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | Class S common stock | Class D common stock | Class I common stock | Class S common stock | Class D common stock | Class I common stock | ||||||||||||||||||||||||||||||||
Increase (decrease) in net assets resulting from operations | 20,523 | 6,459 | 45,734 | 2,290 | 1,490 | 8,427 | ||||||||||||||||||||||||||||||||
Weighted average shares of common stock outstanding—basic and diluted | 134,859,276 | 35,082,254 | 211,931,540 | 4,363,627 | 2,654,462 | 15,343,528 | ||||||||||||||||||||||||||||||||
Earnings (loss) per common share— basic and diluted | $ | 0.15 | $ | 0.18 | $ | 0.22 | $ | 0.52 | $ | 0.56 | $ | 0.55 |
For the Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||||||||
2022 | 2021 | |||||||||||||||||||||||||||||||||||||
($ in thousands, except share and per share amounts) | Class S common stock | Class D common stock | Class I common stock | Class S common stock(7) | Class D common stock(7) | Class I common stock | ||||||||||||||||||||||||||||||||
Per share data: | ||||||||||||||||||||||||||||||||||||||
Net asset value, at beginning of period | $ | 9.33 | $ | 9.33 | $ | 9.34 | $ | 9.26 | $ | 9.26 | $ | 9.44 | ||||||||||||||||||||||||||
Results of operations: | ||||||||||||||||||||||||||||||||||||||
Net investment income (loss)(1) | 0.53 | 0.57 | 0.59 | 0.34 | 0.37 | 0.38 | ||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss)(2) | (0.35) | (0.38) | (0.40) | 0.02 | 0.04 | (0.14) | ||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 0.18 | $ | 0.19 | $ | 0.19 | $ | 0.36 | $ | 0.41 | $ | 0.24 | ||||||||||||||||||||||||||
Shareholder distributions: | ||||||||||||||||||||||||||||||||||||||
Distributions from net investment income(3) | (0.52) | (0.52) | (0.52) | (0.25) | (0.29) | (0.29) | ||||||||||||||||||||||||||||||||
Distributions from realized gains(3) | — | — | — | (0.03) | (0.04) | (0.03) | ||||||||||||||||||||||||||||||||
Distributions in excess of net investment income(3) | — | — | — | (0.02) | (0.02) | (0.03) | ||||||||||||||||||||||||||||||||
Net decrease in net assets from shareholders' distributions | $ | (0.52) | $ | (0.52) | $ | (0.52) | $ | (0.30) | $ | (0.35) | $ | (0.35) | ||||||||||||||||||||||||||
Total increase (decrease) in net assets | (0.34) | (0.33) | (0.33) | 0.06 | 0.06 | (0.11) | ||||||||||||||||||||||||||||||||
Net asset value, at end of period | $ | 8.99 | $ | 9.00 | $ | 9.01 | $ | 9.32 | $ | 9.32 | $ | 9.33 | ||||||||||||||||||||||||||
Total return(4) | 1.4 | % | 1.9 | % | 2.1 | % | 3.5 | % | 4.4 | % | 2.6 | % | ||||||||||||||||||||||||||
Ratios | ||||||||||||||||||||||||||||||||||||||
Ratio of net expenses to average net assets(5)(6) | 8.2 | % | 7.3 | % | 7.4 | % | 7.3 | % | 7.1 | % | 6.3 | % | ||||||||||||||||||||||||||
Ratio of net investments income to average net assets(6) | 8.5 | % | 8.8 | % | 9.4 | % | 5.1 | % | 5.3 | % | 5.5 | % | ||||||||||||||||||||||||||
Portfolio turnover rate | 5.6 | % | 5.6 | % | 5.6 | % | 87.6 | % | 87.6 | % | 87.6 | % | ||||||||||||||||||||||||||
Supplemental Data | ||||||||||||||||||||||||||||||||||||||
Weighted-average shares outstanding | 134,859,276 | 35,082,254 | 211,931,540 | 4,363,627 | 2,654,462 | 15,343,528 | ||||||||||||||||||||||||||||||||
Shares outstanding, end of period | 179,513,911 | 44,952,979 | 298,101,538 | 17,567,487 | 7,149,027 | 42,917,350 | ||||||||||||||||||||||||||||||||
Net assets, end of period | $ | 1,614,723 | $ | 404,527 | $ | 2,687,007 | $ | 163,800 | $ | 66,622 | $ | 400,267 |
For the Three Months Ended March 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share and per share amounts) | Class S common stock | Class D common stock | Class I common stock | Class S common stock | Class D common stock | Class I common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||
Per share data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, at beginning of period | $ | 9.06 | $ | 9.07 | $ | 9.08 | $ | 9.33 | $ | 9.33 | $ | 9.34 | ||||||||||||||||||||||||||||||||||||||||||||
Results of operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss)(1) | 0.25 | 0.27 | 0.27 | 0.16 | 0.17 | 0.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss)(2) | 0.12 | 0.10 | 0.11 | (0.07) | (0.07) | (0.08) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 0.37 | $ | 0.37 | $ | 0.38 | $ | 0.09 | $ | 0.10 | $ | 0.10 | ||||||||||||||||||||||||||||||||||||||||||||
Shareholder distributions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions from net investment income(3) | (0.22) | (0.22) | (0.22) | (0.18) | (0.18) | (0.18) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions from realized gains(3) | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions in excess of net investment income(3) | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net decrease in net assets from shareholders' distributions | $ | (0.22) | $ | (0.22) | $ | (0.22) | $ | (0.18) | $ | (0.18) | $ | (0.18) | ||||||||||||||||||||||||||||||||||||||||||||
Total increase (decrease) in net assets | 0.15 | 0.15 | 0.16 | (0.09) | (0.08) | (0.08) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, at end of period | $ | 9.21 | $ | 9.22 | $ | 9.24 | $ | 9.24 | $ | 9.25 | $ | 9.26 | ||||||||||||||||||||||||||||||||||||||||||||
Total return(4) | 1.9 | % | 2.0 | % | 2.2 | % | 0.9 | % | 1.1 | % | 1.2 | % | ||||||||||||||||||||||||||||||||||||||||||||
Ratios | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of net expenses to average net assets(5)(6) | 10.7 | % | 9.9 | % | 9.9 | % | 5.5 | % | 4.6 | % | 4.7 | % | ||||||||||||||||||||||||||||||||||||||||||||
Ratio of net investment income to average net assets(6) | 11.5 | % | 12.0 | % | 12.5 | % | 7.7 | % | 7.7 | % | 8.5 | % | ||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover rate | 0.2 | % | 0.2 | % | 0.2 | % | 0.5 | % | 0.5 | % | 0.5 | % | ||||||||||||||||||||||||||||||||||||||||||||
Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Weighted-average shares outstanding | 209,496,627 | 51,902,057 | 361,401,758 | 92,693,920 | 25,539,563 | 134,734,682 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Shares outstanding, end of period | 213,854,074 | 54,057,157 | 368,625,675 | 108,713,425 | 31,080,406 | 158,789,498 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period | $ | 1,969,776 | $ | 498,358 | $ | 3,404,263 | $ | 1,004,813 | $ | 287,505 | $ | 1,471,061 |
For the Three Months Ended March 31, | ||||||||||||||||||||
($ in thousands) | 2023 | 2022 | ||||||||||||||||||
New investment commitments | ||||||||||||||||||||
Gross originations | $ | 645,489 | $ | 2,778,076 | ||||||||||||||||
Less: Sell downs | — | (1,780) | ||||||||||||||||||
Total new investment commitments | $ | 645,489 | $ | 2,776,296 | ||||||||||||||||
Principal amount of investments funded: | ||||||||||||||||||||
First-lien senior secured debt investments | $ | 478,275 | $ | 1,929,533 | ||||||||||||||||
Second-lien senior secured debt investments | — | 235,466 | ||||||||||||||||||
Unsecured debt investments | — | 149,203 | ||||||||||||||||||
Preferred equity investments | 88,910 | 100,000 | ||||||||||||||||||
Common equity investments | 5,356 | 26,062 | ||||||||||||||||||
Investment funds and vehicles | 40,906 | — | ||||||||||||||||||
Total principal amount of investments funded | $ | 613,448 | $ | 2,440,264 | ||||||||||||||||
Principal amount of investments sold or repaid: | ||||||||||||||||||||
First-lien senior secured debt investments | $ | (28,353) | $ | (17,372) | ||||||||||||||||
Second-lien senior secured debt investments | — | — | ||||||||||||||||||
Unsecured debt investments | (3) | — | ||||||||||||||||||
Preferred equity investments | — | (305) | ||||||||||||||||||
Common equity investments | — | — | ||||||||||||||||||
Total principal amount of investments sold or repaid | $ | (28,356) | $ | (17,677) | ||||||||||||||||
Number of new investment commitments in new portfolio companies(1) | 15 | 37 | ||||||||||||||||||
Average new investment commitment amount in new portfolio companies | 23,871 | 41,203 |
For the Three Months Ended September 30, | ||||||||||||||
($ in thousands) | 2022 | 2021 | ||||||||||||
New investment commitments | ||||||||||||||
Gross originations | $ | 1,746,640 | $ | 1,709,692 | ||||||||||
Less: Sell downs | — | (67,187) | ||||||||||||
Total new investment commitments | $ | 1,746,640 | $ | 1,642,505 | ||||||||||
Principal amount of investments funded: | ||||||||||||||
First-lien senior secured debt investments | $ | 1,279,619 | $ | 1,204,233 | ||||||||||
Second-lien senior secured debt investments | 93,250 | 151,000 | ||||||||||||
Unsecured debt investments | — | — | ||||||||||||
Preferred equity investments | 51,493 | — | ||||||||||||
Common equity investments | 21,859 | 7,667 | ||||||||||||
Total principal amount of investments funded | $ | 1,446,221 | $ | 1,362,900 | ||||||||||
Principal amount of investments sold or repaid: | ||||||||||||||
First-lien senior secured debt investments | $ | (173,079) | $ | (322,851) | ||||||||||
Second-lien senior secured debt investments | — | (52,000) | ||||||||||||
Unsecured debt investments | — | — | ||||||||||||
Preferred equity investments | — | — | ||||||||||||
Common equity investments | — | — | ||||||||||||
Total principal amount of investments sold or repaid | $ | (173,079) | $ | (374,851) | ||||||||||
Number of new investment commitments in new portfolio companies(1) | 25 | 32 | ||||||||||||
Average new investment commitment amount | $ | 67,122 | $ | 46,600 | ||||||||||
Weighted average term for new investment commitments (in years) | 6.1 | 5.8 | ||||||||||||
Percentage of new debt investment commitments at floating rates | 99.6 | % | 100.0 | % | ||||||||||
Percentage of new debt investment commitments at fixed rates | 0.4 | % | — | % | ||||||||||
Weighted average interest rate of new debt investment commitments(2)(3) | 9.6 | % | 6.3 | % | ||||||||||
Weighted average spread over applicable base rate of new floating rate debt investment commitments | 6.0 | % | 5.6 | % |
For the Three Months Ended March 31, | ||||||||||||||||||||
($ in thousands) | 2023 | 2022 | ||||||||||||||||||
Weighted average term for new investment commitments (in years) | 5.3 | 5.2 | ||||||||||||||||||
Percentage of new debt investment commitments at floating rates | 100.0 | % | 98.7 | % | ||||||||||||||||
Percentage of new debt investment commitments at fixed rates | — | % | 1.3 | % | ||||||||||||||||
Weighted average interest rate of new debt investment commitments(2)(3) | 10.8 | % | 5.6 | % | ||||||||||||||||
Weighted average spread over applicable base rate of new floating rate debt investment commitments | 5.9 | % | 5.2 | % |
September 30, 2022 | December 31, 2021 | March 31, 2023 | December 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | ($ in thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | ||||||||||||||||||||||||||||||||||||||||||
First-lien senior secured debt investments | First-lien senior secured debt investments | $ | 8,269,401 | $ | 8,189,910 | (1) | $ | 2,490,219 | $ | 2,491,334 | (2) | First-lien senior secured debt investments | $ | 9,149,385 | $ | 9,140,820 | (4) | $ | 8,499,854 | $ | 8,448,540 | (5) | ||||||||||||||||||||||||||||||
Second-lien senior secured debt investments | Second-lien senior secured debt investments | 1,044,817 | 983,533 | 496,559 | 498,247 | Second-lien senior secured debt investments | 1,205,502 | 1,156,893 | 1,203,388 | 1,142,862 | ||||||||||||||||||||||||||||||||||||||||||
Unsecured debt investments | Unsecured debt investments | 217,517 | 198,777 | 2,164 | 2,116 | Unsecured debt investments | 225,728 | 220,622 | 221,564 | 211,328 | ||||||||||||||||||||||||||||||||||||||||||
Preferred equity investments | Preferred equity investments | 478,809 | 468,123 | 56,696 | 56,970 | Preferred equity investments | 611,288 | 605,447 | 510,033 | 500,023 | ||||||||||||||||||||||||||||||||||||||||||
Common equity investments | Common equity investments | 151,503 | 163,161 | 71,259 | 71,705 | Common equity investments | 266,102 | 282,725 | 248,176 | 264,437 | ||||||||||||||||||||||||||||||||||||||||||
Investment funds and vehicles(3) | Investment funds and vehicles(3) | 182,683 | 184,517 | 141,777 | 140,394 | |||||||||||||||||||||||||||||||||||||||||||||||
Total Investments | Total Investments | $ | 10,162,047 | $ | 10,003,504 | $ | 3,116,897 | $ | 3,120,372 | Total Investments | $ | 11,640,688 | $ | 11,591,024 | $ | 10,824,792 | $ | 10,707,584 |
September 30, 2022 | December 31, 2021 | ||||||||||
Advertising and media | 3.0 | % | 2.8 | % | |||||||
Aerospace and defense | 0.5 | 0.5 | |||||||||
Automotive | 1.0 | 1.7 | |||||||||
Buildings and real estate | 4.4 | 4.0 | |||||||||
Business services | 7.6 | 7.7 | |||||||||
Chemicals | 1.6 | 3.4 | |||||||||
Consumer products | 2.7 | 3.6 | |||||||||
Containers and packaging | 3.8 | 4.8 | |||||||||
Distribution | 2.7 | 1.7 | |||||||||
Education | 1.6 | 0.2 | |||||||||
Energy equipment and services | 0.3 | — | |||||||||
Financial services | 3.6 | 4.3 | |||||||||
Food and beverage | 6.5 | 1.5 | |||||||||
Healthcare equipment and services | 4.7 | 4.1 | |||||||||
Healthcare providers and services | 12.6 | 8.6 | |||||||||
Healthcare technology | 6.3 | 7.0 | |||||||||
Household products | 2.5 | 0.3 | |||||||||
Human resource support services | 1.2 | 4.0 | |||||||||
Infrastructure and environmental services | 1.0 | 0.9 | |||||||||
Insurance | 8.2 | 12.4 | |||||||||
Internet software and services | 12.6 | 12.3 | |||||||||
Leisure and entertainment | 1.4 | 3.0 | |||||||||
Manufacturing | 3.3 | 2.4 | |||||||||
Professional services | 3.1 | 3.6 | |||||||||
Specialty retail | 3.3 | 4.8 | |||||||||
Telecommunications | 0.2 | 0.1 | |||||||||
Transportation | 0.3 | 0.3 | |||||||||
Total | 100.0 | % | 100.0 | % |
March 31, 2023 | December 31, 2022 | ||||||||||
Advertising and media | 2.6 | % | 2.8 | % | |||||||
Aerospace and defense | 0.3 | 0.4 | |||||||||
Asset based lending and fund finance(1) | 1.2 | 1.2 | |||||||||
Automotive | 1.3 | 1.4 | |||||||||
Buildings and real estate | 4.1 | 4.0 | |||||||||
Business services | 7.3 | 7.3 | |||||||||
Chemicals | 1.6 | 1.7 | |||||||||
Consumer products | 2.4 | 2.4 | |||||||||
Containers and packaging | 3.7 | 3.6 | |||||||||
Distribution | 2.2 | 2.3 | |||||||||
Education | 1.4 | 1.4 | |||||||||
Energy equipment and services | 0.1 | 0.1 |
March 31, 2023 | December 31, 2022 | ||||||||||
Financial services | 2.5 | 2.6 | |||||||||
Food and beverage | 5.5 | 5.8 | |||||||||
Healthcare equipment and services | 4.4 | 3.9 | |||||||||
Healthcare providers and services | 13.3 | 14.4 | |||||||||
Healthcare technology | 4.9 | 5.2 | |||||||||
Household products | 2.2 | 2.4 | |||||||||
Human resource support services | 1.1 | 1.1 | |||||||||
Infrastructure and environmental services | 0.9 | 0.9 | |||||||||
Insurance(2) | 10.3 | 9.7 | |||||||||
Internet software and services | 14.0 | 13.6 | |||||||||
Investment funds and vehicles(3) | 1.6 | 1.3 | |||||||||
Leisure and entertainment | 1.1 | 1.2 | |||||||||
Manufacturing | 3.4 | 3.0 | |||||||||
Pharmaceuticals(4) | 0.7 | — | |||||||||
Professional services | 2.7 | 2.8 | |||||||||
Specialty retail | 2.9 | 3.2 | |||||||||
Telecommunications | — | — | |||||||||
Transportation | 0.3 | 0.3 | |||||||||
Total | 100.0 | % | 100.0 | % |
March 31, 2023 | December 31, 2022 | ||||||||||
United States: | |||||||||||
Midwest | 18.9 | % | 20.4 | % | |||||||
Northeast | 20.4 | 20.0 | |||||||||
South | 31.9 | 29.7 | |||||||||
West | 19.1 | 20.7 | |||||||||
International | 9.7 | 9.2 | |||||||||
Total | 100.0 | % | 100.0 | % |
September 30, 2022 | December 31, 2021 | ||||||||||
United States: | |||||||||||
Midwest | 22.9 | % | 22.8 | % | |||||||
Northeast | 17.1 | 17.1 | |||||||||
South | 32.9 | 28.0 | |||||||||
West | 18.8 | 26.8 | |||||||||
International | 8.3 | 5.3 | |||||||||
Total | 100.0 | % | 100.0 | % |
September 30, 2022 | December 31, 2021 | March 31, 2023 | December 31, 2022 | |||||||||||||||||||||||||
Weighted average total yield of portfolio | Weighted average total yield of portfolio | 9.3 | % | 7.1 | % | Weighted average total yield of portfolio | 11.0 | % | 10.6 | % | ||||||||||||||||||
Weighted average total yield of debt and income producing securities | Weighted average total yield of debt and income producing securities | 9.5 | % | 7.3 | % | Weighted average total yield of debt and income producing securities | 11.4 | % | 10.9 | % | ||||||||||||||||||
Weighted average interest rate of debt securities | Weighted average interest rate of debt securities | 8.8 | % | 6.8 | % | Weighted average interest rate of debt securities | 10.8 | % | 10.2 | % | ||||||||||||||||||
Weighted average spread over base rate of all floating rate investments | Weighted average spread over base rate of all floating rate investments | 5.8 | % | 6.0 | % | Weighted average spread over base rate of all floating rate investments | 6.0 | % | 5.9 | % |
Investment Rating | Description | |||||||
1 | Investments rated 1 involve the least amount of risk to our initial cost basis. The borrower is performing above expectations, and the trends and risk factors for this investment since origination or acquisition are generally favorable; | |||||||
2 | Investments rated 2 involve an acceptable level of risk that is similar to the risk at the time of origination or acquisition. The borrower is generally performing as expected and the risk factors are neutral to favorable. All investments or acquired investments in new portfolio companies are initially assessed a rating of 2; | |||||||
3 | Investments rated 3 involve a borrower performing below expectations and indicates that the loan’s risk has increased somewhat since origination or acquisition; | |||||||
4 | Investments rated 4 involve a borrower performing materially below expectations and indicates that the loan’s risk has increased materially since origination or acquisition. In addition to the borrower being generally out of compliance with debt covenants, loan payments may be past due (but generally not more than 120 days past due); and | |||||||
5 | Investments rated 5 involve a borrower performing substantially below expectations and indicates that the loan’s risk has increased substantially since origination or acquisition. Most or all of the debt covenants are out of compliance and payments are substantially delinquent. Loans rated 5 are not anticipated to be repaid in full and we will reduce the fair market value of the loan to the amount we anticipate will be recovered. |
September 30, 2022 | December 31, 2021 | March 31, 2023 | December 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||
Investment Rating | Investment Rating | Fair Value | Percentage | Fair Value | Percentage | Investment Rating | Fair Value | Percentage | Fair Value | Percentage | ||||||||||||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||
1 | 1 | $ | 196,286 | 2.0 | % | $ | 22,380 | 0.7 | % | 1 | $ | 238,033 | 2.1 | % | $ | 239,458 | 2.2 | % | ||||||||||||||||||||||||||||||||||
2 | 2 | 9,783,175 | 97.7 | % | 3,088,498 | 99.0 | % | 2 | 11,011,317 | 94.9 | 10,335,440 | 96.6 | ||||||||||||||||||||||||||||||||||||||||
3 | 3 | 17,041 | 0.2 | % | 9,494 | 0.3 | % | 3 | 335,062 | 2.9 | 127,472 | 1.2 | ||||||||||||||||||||||||||||||||||||||||
4 | 4 | 7,002 | 0.1 | % | — | — | % | 4 | 6,612 | 0.1 | — | — | ||||||||||||||||||||||||||||||||||||||||
5 | 5 | — | — | — | — | % | 5 | — | — | 5,214 | — | |||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 10,003,504 | 100.0 | % | $ | 3,120,372 | 100.0 | % | Total | $ | 11,591,024 | 100.0 | % | $ | 10,707,584 | 100.0 | % |
September 30, 2022 | December 31, 2021 | March 31, 2023 | December 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | Amortized Cost | Percentage | Amortized Cost | Percentage | ($ in thousands) | Amortized Cost | Percentage | Amortized Cost | Percentage | ||||||||||||||||||||||||||||||||||||||||||
Performing | Performing | $ | 9,521,868 | 99.9 | % | $ | 2,988,942 | 100.0 | % | Performing | $ | 10,576,832 | 100.0 | % | $ | 9,914,939 | 99.9 | % | ||||||||||||||||||||||||||||||||||
Non-accrual | Non-accrual | 9,867 | 0.1 | % | — | — | % | Non-accrual | 3,783 | — | 9,867 | 0.1 | ||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 9,531,735 | 100.0 | % | $ | 2,988,942 | 100.0 | % | Total | $ | 10,580,615 | 100.0 | % | $ | 9,924,806 | 100.0 | % |
($ in thousands) | March 31, 2023 | December 31, 2022 | |||||||||
Total senior secured debt investments(1) | $ | 672,631 | $ | 529,463 | |||||||
Weighted average spread over base rate(1) | 3.8 | % | 4.4 | % | |||||||
Number of portfolio companies | 116 | 74 | |||||||||
Largest funded investment to a single borrower(1) | $ | 14,520 | $ | 14,547 |
ORCIC Senior Loan Fund's Portfolio as of March 31, 2023 ($ in thousands) (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Debt Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aerospace and defense | ||||||||||||||||||||||||||||||||||||||||||||||||||
American Airlines, Inc.(11) | First lien senior secured loan | SR + | 2.75% | 02/2028 | $ | 2,000 | $ | 1,961 | $ | 1,952 | 0.9 | % | ||||||||||||||||||||||||||||||||||||||
Bleriot US Bidco Inc.(7) | First lien senior secured loan | L + | 4.00% | 10/2026 | 5,260 | 5,171 | 5,258 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
Peraton Corp.(6) | First lien senior secured loan | L + | 3.75% | 02/2028 | 7,552 | 7,285 | 7,442 | 3.5 | % | |||||||||||||||||||||||||||||||||||||||||
Transdigm, Inc.(10) | First lien senior secured loan | SR + | 3.25% | 08/2028 | 4,000 | 3,991 | 3,985 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Transdigm, Inc.(10) | First lien senior secured loan | SR + | 3.25% | 02/2027 | 2,993 | 2,937 | 2,986 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
21,805 | 21,345 | 21,623 | 10.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Automotive | ||||||||||||||||||||||||||||||||||||||||||||||||||
PAI Holdco, Inc.(7)(12) | First lien senior secured loan | L + | 3.75% | 10/2027 | 4,937 | 4,543 | 4,616 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||||
4,937 | 4,543 | 4,616 | 2.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||
CPG International LLC(9) | First lien senior secured loan | SR + | 2.50% | 04/2029 | 1,995 | 1,975 | 1,967 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Beacon Roofing Supply, Inc.(6) | First lien senior secured loan | L + | 2.25% | 05/2028 | 1,995 | 1,992 | 1,981 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Cushman & Wakefield U.S. Borrower, LLC(6) | First lien senior secured loan | L + | 2.75% | 08/2025 | 2,000 | 1,965 | 1,947 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Dodge Construction Network, LLC(11)(12) | First lien senior secured loan | SR + | 4.75% | 02/2029 | 5,260 | 4,916 | 4,419 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
RealPage, Inc.(6) | First lien senior secured loan | L + | 3.00% | 04/2028 | 10,520 | 9,926 | 10,186 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||||
Wrench Group LLC(7)(12) | First lien senior secured loan | L + | 4.00% | 04/2026 | 9,736 | 9,716 | 9,444 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
31,506 | 30,490 | 29,944 | 14.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Business services |
ORCIC Senior Loan Fund's Portfolio as of March 31, 2023 ($ in thousands) (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Prime Security Services Borrower, LLC(7) | First lien senior secured loan | L + | 2.75% | 09/2026 | 1,995 | 1,965 | 1,986 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
BrightView Landscapes, LLC(10) | First lien senior secured loan | SR + | 3.25% | 04/2029 | 10,515 | 10,219 | 10,248 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||||
ConnectWise, LLC(6) | First lien senior secured loan | L + | 3.50% | 09/2028 | 10,520 | 9,958 | 10,136 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||||
Packers Holdings, LLC(9) | First lien senior secured loan | SR + | 3.25% | 03/2028 | 6,174 | 5,688 | 5,568 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
Brown Group Holdings, LLC(10) | First lien senior secured loan | SR + | 3.75% | 07/2029 | 2,021 | 2,001 | 2,018 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Sitel Worldwide Corporation(6) | First lien senior secured loan | L + | 3.75% | 08/2028 | 2,992 | 2,923 | 2,953 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
VM Consolidated, Inc(9) | First lien senior secured loan | SR + | 3.25% | 03/2028 | 2,456 | 2,431 | 2,451 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Vistage Worldwide, Inc.(9)(12) | First lien senior secured loan | SR + | 5.25% | 07/2029 | 3,980 | 3,827 | 3,910 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
40,653 | 39,012 | 39,270 | 18.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Chemicals | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(9)(12) | First lien senior secured loan | SR + | 4.75% | 11/2027 | 2,993 | 2,796 | 2,933 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||||
Axalta Coating Systems US Holdings Inc.(10) | First lien senior secured loan | SR + | 3.00% | 12/2029 | 4,813 | 4,768 | 4,814 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
H.B. Fuller Company(9) | First lien senior secured loan | SR + | 2.50% | 02/2030 | 2,000 | 2,000 | 2,007 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Ineos US Petrochem LLC(9)(12) | First lien senior secured loan | SR + | 3.75% | 03/2030 | 2,000 | 1,980 | 1,990 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Ineos US Finance LLC(9) | First lien senior secured loan | SR + | 3.50% | 02/2030 | 2,000 | 1,980 | 1,987 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Ineos US Finance LLC(9) | First lien senior secured loan | SR + | 3.75% | 11/2027 | 3,000 | 2,897 | 2,992 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Nouryon Finance B.V.(9)(12) | First lien senior secured loan | SR + | 4.00% | 03/2028 | 2,000 | 1,980 | 1,995 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Blue Tree Holdings, Inc(7)(12) | First lien senior secured loan | L + | 2.50% | 03/2028 | 1,995 | 1,985 | 1,950 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
20,801 | 20,386 | 20,668 | 9.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Consumer products | ||||||||||||||||||||||||||||||||||||||||||||||||||
Olaplex, Inc.(9) | First lien senior secured loan | SR + | 3.50% | 02/2029 | 5,260 | 4,893 | 4,677 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||||
5,260 | 4,893 | 4,677 | 2.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Containers and packaging | ||||||||||||||||||||||||||||||||||||||||||||||||||
Berlin Packaging L.L.C.(7) | First lien senior secured loan | L + | 3.75% | 03/2028 | 11,577 | 11,139 | 11,380 | 5.4 | % | |||||||||||||||||||||||||||||||||||||||||
BW Holding, Inc.(10)(12) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 7,748 | 7,623 | 7,360 | 3.5 | % | |||||||||||||||||||||||||||||||||||||||||
Charter NEX US, Inc.(9) | First lien senior secured loan | SR + | 3.75% | 12/2027 | 5,000 | 4,952 | 4,930 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Valcour Packaging, LLC(8)(12) | First lien senior secured loan | L + | 3.75% | 10/2028 | 9,900 | 9,880 | 8,861 | 4.2 | % | |||||||||||||||||||||||||||||||||||||||||
Ring Container Technologies Group, LLC(6) | First lien senior secured loan | L + | 3.50% | 08/2028 | 9,737 | 9,570 | 9,677 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Tricorbraun Holdings, Inc.(6) | First lien senior secured loan | L + | 3.25% | 03/2028 | 10,520 | 9,994 | 10,255 | 4.9 | % | |||||||||||||||||||||||||||||||||||||||||
54,482 | 53,158 | 52,463 | 24.9 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Distribution | ||||||||||||||||||||||||||||||||||||||||||||||||||
Dealer Tire, LLC(9) | First lien senior secured loan | SR + | 4.50% | 12/2027 | 3,949 | 3,882 | 3,917 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(9) | First lien senior secured loan | SR + | 4.63% | 06/2026 | 9,738 | 9,433 | 9,602 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
SRS Distribution, Inc.(6) | First lien senior secured loan | L + | 3.50% | 06/2028 | 10,546 | 9,843 | 10,165 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||||
White Cap Supply Holdings, LLC(9) | First lien senior secured loan | SR + | 3.75% | 10/2027 | 10,547 | 10,021 | 10,412 | 4.9 | % | |||||||||||||||||||||||||||||||||||||||||
34,780 | 33,179 | 34,096 | 16.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Education | ||||||||||||||||||||||||||||||||||||||||||||||||||
Sophia, L.P.(9)(12) | First lien senior secured loan | SR + | 4.25% | 10/2027 | 9,738 | 9,719 | 9,738 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Severin Acquisition, LLC (dba Powerschool)(9) | First lien senior secured loan | SR + | 3.00% | 08/2025 | 4,884 | 4,804 | 4,875 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Renaissance Learning, Inc.(6) | First lien senior secured loan | L + | 3.25% | 05/2025 | 3,500 | 3,395 | 3,399 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
18,122 | 17,918 | 18,012 | 8.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Energy equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
AMG Advanced Metallurgical Group N.V(6) | First lien senior secured loan | L + | 3.50% | 11/2028 | 3,456 | 3,428 | 3,422 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
AZZ Inc.(9) | First lien senior secured loan | SR + | 4.25% | 05/2029 | 7,925 | 7,862 | 7,912 | 3.8 | % | |||||||||||||||||||||||||||||||||||||||||
Pike Corp.(6) | First lien senior secured loan | L + | 3.00% | 01/2028 | 9,800 | 9,617 | 9,715 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Brookfield WEC Holdings Inc.(9) | First lien senior secured loan | SR + | 3.75% | 08/2025 | 3,483 | 3,459 | 3,472 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
24,664 | 24,366 | 24,521 | 11.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Financial services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Acuris Finance US, Inc. (ION Analytics) (10) | First lien senior secured loan | SR + | 4.00% | 02/2028 | 4,500 | 4,401 | 4,333 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
AllSpring Buyer(10) | First lien senior secured loan | SR + | 4.00% | 11/2028 | 4,975 | 4,913 | 4,957 | 2.4 | % |
ORCIC Senior Loan Fund's Portfolio as of March 31, 2023 ($ in thousands) (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Deerfield Dakota Holding, LLC(10) | First lien senior secured loan | SR + | 3.75% | 04/2027 | 7,890 | 7,525 | 7,627 | 3.6 | % | |||||||||||||||||||||||||||||||||||||||||
The Edelman Financial Engines Center, LLC(6) | First lien senior secured loan | L + | 3.75% | 04/2028 | 3,990 | 3,900 | 3,837 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
Focus Financial Partners, LLC(9) | First lien senior secured loan | SR + | 3.25% | 06/2028 | 4,975 | 4,893 | 4,918 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Guggenheim Partners Investment Management Holdings, LLC(10) | First lien senior secured loan | SR + | 3.25% | 12/2029 | 4,988 | 4,904 | 4,953 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
31,318 | 30,536 | 30,625 | 14.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Food and beverage | ||||||||||||||||||||||||||||||||||||||||||||||||||
Nomad Foods Europe Midco Ltd.(9) | First lien senior secured loan | SR + | 3.75% | 11/2029 | 5,000 | 4,807 | 4,992 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
Pegasus BidCo B.V.(10) | First lien senior secured loan | SR + | 4.25% | 07/2029 | 5,486 | 5,305 | 5,390 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
Shearer’s Foods, LLC(6) | First lien senior secured loan | L + | 3.50% | 09/2027 | 8,785 | 8,203 | 8,565 | 4.1 | % | |||||||||||||||||||||||||||||||||||||||||
Naked Juice LLC (dba Tropicana)(10) | First lien senior secured loan | SR + | 3.25% | 01/2029 | 10,547 | 9,674 | 9,249 | 4.3 | % | |||||||||||||||||||||||||||||||||||||||||
29,818 | 27,989 | 28,196 | 13.4 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Confluent Medical Technologies, Inc.(10)(12) | First lien senior secured loan | SR + | 3.75% | 02/2029 | 9,738 | 9,602 | 9,421 | 4.5 | % | |||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(10) | First lien senior secured loan | SR + | 4.25% | 03/2029 | 9,925 | 9,808 | 9,702 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(10)(13) | First lien senior secured delayed draw term loan | SR + | 4.25% | 03/2029 | 1,767 | 1,757 | 1,727 | 0.8 | % | |||||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(6) | First lien senior secured loan | L + | 3.25% | 10/2028 | 8,306 | 7,777 | 8,089 | 3.8 | % | |||||||||||||||||||||||||||||||||||||||||
MJH Healthcare Holdings, LLC(9) | First lien senior secured loan | SR + | 3.50% | 01/2029 | 3,822 | 3,760 | 3,721 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
Natus Medical Inc.(10)(12) | First lien senior secured loan | SR + | 5.50% | 07/2029 | 4,489 | 4,182 | 4,242 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||||
Zest Acquisition Corp.(9) | First lien senior secured loan | SR + | 5.50% | 02/2028 | 3,990 | 3,797 | 3,833 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
42,037 | 40,683 | 40,735 | 19.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Covetrus, Inc.(10) | First lien senior secured loan | SR + | 5.00% | 10/2029 | 9,500 | 8,957 | 8,942 | 4.2 | % | |||||||||||||||||||||||||||||||||||||||||
HAH Group Holding Company LLC(7)(12)(13) | First lien senior secured delayed draw term loan | L + | 5.00% | 10/2027 | — | — | — | — | % | |||||||||||||||||||||||||||||||||||||||||
Phoenix Newco, Inc. (dba Parexel)(6) | First lien senior secured loan | L + | 3.25% | 11/2028 | 7,425 | 7,164 | 7,331 | 3.5 | % | |||||||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC(6) | First lien senior secured loan | L + | 3.25% | 12/2028 | 3,413 | 3,350 | 3,329 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
Physician Partners, LLC(10) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 9,925 | 9,404 | 9,308 | 4.4 | % | |||||||||||||||||||||||||||||||||||||||||
Premise Health Holding(10)(12) | First lien senior secured loan | SR + | 4.75% | 07/2025 | 3,226 | 3,193 | 3,201 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||||
33,489 | 32,068 | 32,111 | 15.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare technology | ||||||||||||||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(9) | First lien senior secured loan | SR + | 3.50% | 02/2029 | 9,379 | 8,640 | 8,769 | 4.2 | % | |||||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(9)(13) | First lien senior secured delayed draw term loan | SR + | 3.50% | 02/2029 | — | (108) | (69) | — | % | |||||||||||||||||||||||||||||||||||||||||
Gainwell Acquisition Corp.(10) | First lien senior secured loan | SR + | 4.00% | 10/2027 | 2,992 | 2,956 | 2,850 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Imprivata, Inc.(9) | First lien senior secured loan | SR + | 4.25% | 12/2027 | 9,738 | 9,569 | 9,543 | 4.5 | % | |||||||||||||||||||||||||||||||||||||||||
Verscend Holding Corp.(6) | First lien senior secured loan | L + | 4.00% | 08/2025 | 9,919 | 9,809 | 9,896 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Zelis Cost Management Buyer, Inc.(6) | First lien senior secured loan | L + | 3.50% | 09/2026 | 4,489 | 4,484 | 4,463 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
36,517 | 35,350 | 35,452 | 16.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Infrastructure and environmental services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Osmose Utilities Services, Inc.(6) | First lien senior secured loan | L + | 3.25% | 06/2028 | 9,737 | 9,056 | 9,328 | 4.4 | % | |||||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6) | First lien senior secured loan | L + | 3.50% | 05/2028 | 2,970 | 2,830 | 2,868 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
12,707 | 11,886 | 12,196 | 5.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(10) | First lien senior secured loan | SR + | 5.75% | 02/2027 | 7,481 | 7,181 | 7,406 | 3.5 | % | |||||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(9) | First lien senior secured loan | SR + | 4.25% | 02/2027 | 4,975 | 4,812 | 4,950 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
Broadstreet Partners, Inc(6) | First lien senior secured loan | L + | 3.00% | 01/2027 | 4,166 | 4,115 | 4,073 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Hub International Limited(7) | First lien senior secured loan | L + | 3.25% | 04/2025 | 9,899 | 9,749 | 9,865 | 4.7 | % | |||||||||||||||||||||||||||||||||||||||||
Howden Group Holdings Limited (aka HIG Finance 2 Limited / Preatorian)(9)(12) | First lien senior secured loan | SR + | 4.00% | 03/2030 | 4,000 | 3,840 | 3,970 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
30,521 | 29,697 | 30,264 | 14.4 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Internet software and services |
ORCIC Senior Loan Fund's Portfolio as of March 31, 2023 ($ in thousands) (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Barracuda Parent, LLC(10) | First lien senior secured loan | SR + | 4.50% | 08/2029 | 10,574 | 10,131 | 10,160 | 4.8 | % | |||||||||||||||||||||||||||||||||||||||||
Boxer Parent Company Inc(6) | First lien senior secured loan | L + | 3.75% | 10/2025 | 1,994 | 1,972 | 1,966 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
CDK Global, Inc.(10) | First lien senior secured loan | SR + | 4.25% | 07/2029 | 10,574 | 10,350 | 10,527 | 5.0 | % | |||||||||||||||||||||||||||||||||||||||||
DCert Buyer, Inc.(11) | First lien senior secured loan | SR + | 4.00% | 10/2026 | 1,995 | 1,983 | 1,949 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
E2open, LLC(6) | First lien senior secured loan | L + | 3.50% | 02/2028 | 3,859 | 3,752 | 3,816 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
Hyland Software, Inc.(6) | First lien senior secured loan | L + | 3.50% | 07/2024 | 9,922 | 9,743 | 9,795 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Idera, Inc.(7) | First lien senior secured loan | L + | 3.75% | 03/2028 | 1,995 | 1,939 | 1,897 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Infinite Bidco LLC(7)(12) | First lien senior secured loan | L + | 3.25% | 03/2028 | 2,993 | 2,889 | 2,858 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Delta TopCo, Inc. (dba Infoblox, Inc.)(10) | First lien senior secured loan | SR + | 3.75% | 12/2027 | 10,546 | 9,680 | 9,751 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
McAfee Corp(9) | First lien senior secured loan | SR + | 3.75% | 03/2029 | 2,992 | 2,861 | 2,805 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Perforce Software, Inc.(6) | First lien senior secured loan | L + | 3.75% | 07/2026 | 2,992 | 2,837 | 2,777 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
SONICWALL US Holdings Inc(7) | First lien senior secured loan | L + | 3.75% | 05/2025 | 1,995 | 1,962 | 1,956 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Sophos Holdings, LLC(7) | First lien senior secured loan | L + | 3.50% | 03/2027 | 10,519 | 10,307 | 10,410 | 5.0 | % | |||||||||||||||||||||||||||||||||||||||||
UST Holdings, Ltd.(9)(12) | First lien senior secured loan | SR + | 3.75% | 11/2028 | 3,461 | 3,449 | 3,427 | 1.6 | % | |||||||||||||||||||||||||||||||||||||||||
VS Buyer LLC(7) | First lien senior secured loan | L + | 3.00% | 02/2027 | 2,992 | 2,992 | 2,957 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
79,403 | 76,847 | 77,051 | 36.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Leisure and entertainment | ||||||||||||||||||||||||||||||||||||||||||||||||||
Delta 2 (Lux) SARL (dba Formula One)(9) | First lien senior secured loan | SR + | 3.25% | 01/2030 | 3,000 | 2,972 | 3,001 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
WMG Acquisition Corp.(9) | First lien senior secured loan | SR + | 3.00% | 01/2028 | 4,000 | 3,926 | 3,960 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
7,000 | 6,898 | 6,961 | 3.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Manufacturing | ||||||||||||||||||||||||||||||||||||||||||||||||||
Altar Bidco, Inc(11) | First lien senior secured loan | SR + | 3.10% | 02/2029 | 4,751 | 4,543 | 4,509 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
Engineered Machinery Holdings, Inc. (dba Duravant)(7) | First lien senior secured loan | L + | 3.50% | 05/2028 | 4,987 | 4,952 | 4,911 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
DXP Enterprises, Inc.(11)(12) | First lien senior secured loan | SR + | 5.25% | 12/2027 | 6,969 | 6,660 | 6,795 | 3.2 | % | |||||||||||||||||||||||||||||||||||||||||
Entegris, Inc.(9) | First lien senior secured loan | SR + | 2.75% | 07/2029 | 2,500 | 2,500 | 2,499 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Gates Global LLC(9) | First lien senior secured loan | SR + | 3.50% | 11/2029 | 1,990 | 1,933 | 1,983 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Pro Mach Group, Inc.(6) | First lien senior secured loan | L + | 4.00% | 08/2028 | 10,520 | 10,268 | 10,456 | 5.0 | % | |||||||||||||||||||||||||||||||||||||||||
Pro Mach Group, Inc.(9)(12) | First lien senior secured loan | SR + | 5.00% | 08/2028 | 4,000 | 3,808 | 4,000 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Watlow Electric Manufacturing Company(10) | First lien senior secured loan | SR + | 3.75% | 03/2028 | 2,494 | 2,477 | 2,435 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
38,211 | 37,141 | 37,588 | 17.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Professional services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(7) | First lien senior secured loan | L + | 3.75% | 07/2028 | 4,925 | 4,744 | 4,790 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(10)(12) | First lien senior secured loan | SR + | 5.00% | 07/2028 | 2,494 | 2,349 | 2,456 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Skopima Merger Sub Inc(6) | First lien senior secured loan | L + | 4.00% | 05/2028 | 4,987 | 4,747 | 4,651 | 2.2 | % | |||||||||||||||||||||||||||||||||||||||||
Corporation Service Company(9) | First lien senior secured loan | SR + | 3.25% | 11/2029 | 1,995 | 1,990 | 1,989 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
EM Midco2 Ltd. (dba Element Materials Technology)(10) | First lien senior secured loan | SR + | 4.25% | 06/2029 | 9,083 | 8,970 | 8,958 | 4.2 | % | |||||||||||||||||||||||||||||||||||||||||
Genuine Financial Holdings LLC(7) | First lien senior secured loan | L + | 3.75% | 07/2025 | 3,988 | 3,977 | 3,955 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Red Ventures, LLC(9) | First lien senior secured loan | SR + | 3.00% | 02/2030 | 4,000 | 3,960 | 3,960 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Sovos Compliance, LLC(6) | First lien senior secured loan | L + | 4.50% | 08/2028 | 10,520 | 10,189 | 9,942 | 4.7 | % | |||||||||||||||||||||||||||||||||||||||||
VT Topco, Inc. (dba Veritext)(6)(12) | First lien senior secured loan | L + | 3.75% | 08/2025 | 1,939 | 1,915 | 1,905 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
VT Topco, Inc. (dba Veritext)(7)(12)(13) | First lien senior secured delayed draw term loan | L + | 3.75% | 08/2025 | 55 | 55 | 54 | — | % | |||||||||||||||||||||||||||||||||||||||||
43,986 | 42,896 | 42,660 | 20.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Telecommunications | ||||||||||||||||||||||||||||||||||||||||||||||||||
Ciena Corporation(9) | First lien senior secured loan | SR + | 2.50% | 01/2030 | 2,000 | 1,991 | 1,996 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Cogeco Communications (USA) II L.P.(6) | First lien senior secured loan | L + | 2.50% | 09/2028 | 2,992 | 2,979 | 2,949 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Park Place Technologies, LLC(9) | First lien senior secured loan | SR + | 5.00% | 11/2027 | 9,737 | 9,268 | 9,316 | 4.5 | % | |||||||||||||||||||||||||||||||||||||||||
Zayo Group Holdings, Inc.(9) | First lien senior secured loan | SR + | 4.25% | 03/2027 | 9,900 | 8,349 | 7,776 | 3.7 | % | |||||||||||||||||||||||||||||||||||||||||
24,629 | 22,587 | 22,037 | 10.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Transportation | ||||||||||||||||||||||||||||||||||||||||||||||||||
Safe Fleet Holdings(9) | First lien senior secured loan | SR + | 3.75% | 02/2029 | 1,995 | 1,976 | 1,949 | 0.9 | % | |||||||||||||||||||||||||||||||||||||||||
Uber Technologies, Inc.(10) | First lien senior secured loan | SR + | 2.75% | 03/2030 | 3,990 | 3,980 | 3,979 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
5,985 | 5,956 | 5,928 | 2.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
ORCIC Senior Loan Fund's Portfolio as of March 31, 2023 ($ in thousands) (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Total Debt Investments | $ | 672,631 | $ | 649,824 | $ | 651,694 | 309.0 | % | ||||||||||||||||||||||||||||||||||||||||||
Total Investments | $ | 672,631 | $ | 649,824 | $ | 651,694 | 309.0 | % | ||||||||||||||||||||||||||||||||||||||||||
ORCIC Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
Debt Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aerospace and defense | ||||||||||||||||||||||||||||||||||||||||||||||||||
Bleriot US Bidco Inc.(7) | First lien senior secured loan | L + | 4.00% | 10/2026 | $ | 5,273 | $ | 5,178 | $ | 5,207 | 3.2 | % | ||||||||||||||||||||||||||||||||||||||
Peraton Corp.(6) | First lien senior secured loan | L + | 3.75% | 02/2028 | 7,571 | 7,290 | 7,382 | 4.6 | % | |||||||||||||||||||||||||||||||||||||||||
Transdigm, Inc.(8)(11) | First lien senior secured loan | SR + | 3.25% | 02/2027 | 3,000 | 2,940 | 2,985 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
15,844 | 15,408 | 15,574 | 9.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Automotive | ||||||||||||||||||||||||||||||||||||||||||||||||||
PAI Holdco, Inc.(7) | First lien senior secured loan | L + | 3.75% | 10/2027 | 4,950 | 4,538 | 4,356 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||||
4,950 | 4,538 | 4,356 | 2.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Buildings and real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||
Dodge Construction Network, LLC(10) | First lien senior secured loan | SR + | 4.75% | 02/2029 | 5,274 | 4,917 | 4,482 | 2.8 | % | |||||||||||||||||||||||||||||||||||||||||
RealPage, Inc.(6)(11) | First lien senior secured loan | L + | 3.00% | 04/2028 | 10,547 | 9,925 | 10,009 | 6.2 | % | |||||||||||||||||||||||||||||||||||||||||
Wrench Group LLC(7) | First lien senior secured loan | L + | 4.00% | 04/2026 | 9,761 | 9,737 | 9,419 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||||
25,582 | 24,579 | 23,910 | 14.9 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Business services | ||||||||||||||||||||||||||||||||||||||||||||||||||
BrightView Landscapes, LLC(8) | First lien senior secured loan | SR + | 3.25% | 04/2029 | 10,547 | 10,230 | 10,125 | 6.3 | % | |||||||||||||||||||||||||||||||||||||||||
Brown Group Holdings, LLC(9)(11) | First lien senior secured loan | SR + | 3.75% | 07/2029 | 2,026 | 2,005 | 2,017 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
ConnectWise, LLC(7)(11) | First lien senior secured loan | L + | 3.50% | 09/2028 | 10,547 | 9,961 | 9,996 | 6.2 | % | |||||||||||||||||||||||||||||||||||||||||
Packers Holdings, LLC(6) | First lien senior secured loan | L + | 3.25% | 03/2028 | 6,190 | 5,682 | 5,384 | 3.4 | % | |||||||||||||||||||||||||||||||||||||||||
Vistage Worldwide, Inc.(8) | First lien senior secured loan | SR + | 5.25% | 07/2029 | 3,990 | 3,831 | 3,890 | 2.4 | % |
ORCIC Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
33,300 | 31,709 | 31,412 | 19.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Capital markets | ||||||||||||||||||||||||||||||||||||||||||||||||||
Guggenheim Partners Investment Management Holdings, LLC(9) | First lien senior secured loan | SR + | 3.25% | 12/2029 | 5,000 | 4,913 | 4,913 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
5,000 | 4,913 | 4,913 | 3.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Chemicals | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(8) | First lien senior secured loan | SR + | 4.75% | 11/2027 | 3,000 | 2,794 | 2,933 | 1.9 | % | |||||||||||||||||||||||||||||||||||||||||
Axalta Coating Systems US Holdings Inc.(9)(11) | First lien senior secured loan | SR + | 3.00% | 12/2029 | 5,000 | 4,950 | 5,000 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
Ineos US Finance LLC(9) | First lien senior secured loan | SR + | 3.75% | 11/2027 | 3,000 | 2,895 | 2,948 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
11,000 | 10,639 | 10,881 | 6.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Consumer products | ||||||||||||||||||||||||||||||||||||||||||||||||||
Olaplex, Inc.(8) | First lien senior secured loan | SR + | 3.50% | 02/2029 | 5,287 | 4,905 | 4,970 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
5,287 | 4,905 | 4,970 | 3.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Containers and packaging | ||||||||||||||||||||||||||||||||||||||||||||||||||
Berlin Packaging L.L.C.(7)(11) | First lien senior secured loan | L + | 3.75% | 03/2028 | 10,547 | 10,102 | 10,127 | 6.3 | % | |||||||||||||||||||||||||||||||||||||||||
BW Holding, Inc.(9) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 7,767 | 7,637 | 7,146 | 4.5 | % | |||||||||||||||||||||||||||||||||||||||||
Ring Container Technologies Group, LLC(6) | First lien senior secured loan | L + | 3.50% | 08/2028 | 9,762 | 9,585 | 9,616 | 6.0 | % | |||||||||||||||||||||||||||||||||||||||||
Tricorbraun Holdings, Inc.(6)(11) | First lien senior secured loan | L + | 3.25% | 03/2028 | 10,546 | 9,995 | 10,040 | 6.3 | % | |||||||||||||||||||||||||||||||||||||||||
Valcour Packaging, LLC(9) | First lien senior secured loan | SR + | 3.75% | 10/2028 | 9,925 | 9,901 | 8,883 | 5.5 | % | |||||||||||||||||||||||||||||||||||||||||
48,547 | 47,220 | 45,812 | 28.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Distribution | ||||||||||||||||||||||||||||||||||||||||||||||||||
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(8)(11) | First lien senior secured loan | SR + | 4.63% | 06/2026 | 9,762 | 9,434 | 9,469 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||||
Dealer Tire, LLC(8) | First lien senior secured loan | SR + | 4.25% | 12/2027 | 3,959 | 3,888 | 3,900 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
SRS Distribution, Inc.(6) | First lien senior secured loan | L + | 3.50% | 06/2028 | 10,573 | 9,839 | 10,097 | 6.3 | % | |||||||||||||||||||||||||||||||||||||||||
White Cap Supply Holdings, LLC(8)(11) | First lien senior secured loan | SR + | 3.75% | 10/2027 | 10,573 | 10,020 | 10,208 | 6.4 | % | |||||||||||||||||||||||||||||||||||||||||
34,867 | 33,181 | 33,674 | 21.0 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Diversified financial services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Focus Financial Partners, LLC(8)(11) | First lien senior secured loan | SR + | 3.25% | 06/2028 | 4,988 | 4,901 | 4,921 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
4,988 | 4,901 | 4,921 | 3.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Education | ||||||||||||||||||||||||||||||||||||||||||||||||||
Severin Acquisition, LLC (dba Powerschool)(8) | First lien senior secured loan | SR + | 3.00% | 08/2025 | 4,897 | 4,807 | 4,860 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||||
Sophia, L.P.(8) | First lien senior secured loan | SR + | 4.25% | 10/2027 | 9,762 | 9,739 | 9,738 | 6.1 | % | |||||||||||||||||||||||||||||||||||||||||
14,659 | 14,546 | 14,598 | 9.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Energy equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
AZZ Inc.(9) | First lien senior secured loan | SR + | 4.25% | 05/2029 | 7,950 | 7,882 | 7,950 | 5.0 | % | |||||||||||||||||||||||||||||||||||||||||
Brookfield WEC Holdings Inc.(8)(11) | First lien senior secured loan | SR + | 3.75% | 08/2025 | 3,491 | 3,465 | 3,473 | 2.1 | % | |||||||||||||||||||||||||||||||||||||||||
Pike Corp.(6)(11) | First lien senior secured loan | L + | 3.00% | 01/2028 | 9,800 | 9,607 | 9,651 | 6.0 | % | |||||||||||||||||||||||||||||||||||||||||
21,241 | 20,954 | 21,074 | 13.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Financial services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Acuris Finance US, Inc. (ION Analytics) (9)(11) | First lien senior secured loan | SR + | 4.00% | 02/2028 | 4,500 | 4,396 | 4,416 | 2.8 | % | |||||||||||||||||||||||||||||||||||||||||
AllSpring Buyer(9) | First lien senior secured loan | SR + | 4.00% | 11/2028 | 4,988 | 4,921 | 4,925 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
Deerfield Dakota Holding, LLC(8)(11) | First lien senior secured loan | SR + | 3.75% | 04/2027 | 5,910 | 5,597 | 5,509 | 3.4 | % |
ORCIC Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
15,398 | 14,914 | 14,850 | 9.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Food and beverage | ||||||||||||||||||||||||||||||||||||||||||||||||||
Eagle Parent Corp.(9)(11) | First lien senior secured loan | SR + | 4.25% | 04/2029 | 2,722 | 2,674 | 2,668 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||||
Naked Juice LLC (dba Tropicana)(9)(11) | First lien senior secured loan | SR + | 3.25% | 01/2029 | 10,573 | 9,668 | 9,430 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||||
Nomad Foods Europe Midco Ltd.(8)(11) | First lien senior secured loan | SR + | 3.75% | 11/2029 | 5,000 | 4,801 | 4,979 | 3.1 | % | |||||||||||||||||||||||||||||||||||||||||
Pegasus BidCo B.V.(9) | First lien senior secured loan | SR + | 4.25% | 07/2029 | 4,500 | 4,306 | 4,354 | 2.7 | % | |||||||||||||||||||||||||||||||||||||||||
Shearer’s Foods, LLC(6)(11) | First lien senior secured loan | L + | 3.50% | 09/2027 | 8,807 | 8,196 | 8,376 | 5.2 | % | |||||||||||||||||||||||||||||||||||||||||
31,602 | 29,645 | 29,807 | 18.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare equipment and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Confluent Medical Technologies, Inc.(9) | First lien senior secured loan | SR + | 3.75% | 02/2029 | 9,762 | 9,620 | 9,250 | 5.8 | % | |||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(8) | First lien senior secured loan | SR + | 4.25% | 03/2029 | 9,950 | 9,829 | 9,751 | 6.1 | % | |||||||||||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc(8)(12) | First lien senior secured delayed draw term loan | SR + | 4.25% | 03/2029 | 1,629 | 1,618 | 1,596 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||
Medline Borrower, LP(6)(11) | First lien senior secured loan | L + | 3.25% | 10/2028 | 6,327 | 5,831 | 6,005 | 3.7 | % | |||||||||||||||||||||||||||||||||||||||||
MJH Healthcare Holdings, LLC(8) | First lien senior secured loan | SR + | 3.50% | 01/2029 | 3,831 | 3,767 | 3,678 | 2.3 | % | |||||||||||||||||||||||||||||||||||||||||
Natus Medical Inc.(10) | First lien senior secured loan | SR + | 5.50% | 07/2029 | 4,500 | 4,191 | 4,207 | 2.6 | % | |||||||||||||||||||||||||||||||||||||||||
35,999 | 34,856 | 34,487 | 21.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare providers and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Covetrus, Inc.(9)(11) | First lien senior secured loan | SR + | 5.00% | 10/2029 | 9,500 | 8,940 | 8,878 | 5.5 | % | |||||||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC(6) | First lien senior secured loan | L + | 3.25% | 12/2028 | 3,422 | 3,356 | 3,242 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||||
Phoenix Newco, Inc. (dba Parexel)(6)(11) | First lien senior secured loan | L + | 3.25% | 11/2028 | 7,444 | 7,170 | 7,156 | 4.5 | % | |||||||||||||||||||||||||||||||||||||||||
Physician Partners, LLC(8)(11) | First lien senior secured loan | SR + | 4.00% | 12/2028 | 9,950 | 9,407 | 9,457 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||||
Premise Health Holding(9) | First lien senior secured loan | SR + | 4.75% | 07/2025 | 3,234 | 3,197 | 3,193 | 2.0 | % | |||||||||||||||||||||||||||||||||||||||||
33,550 | 32,070 | 31,926 | 19.9 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Healthcare technology | ||||||||||||||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(8)(11) | First lien senior secured loan | SR + | 3.50% | 02/2029 | 9,403 | 8,636 | 8,466 | 5.3 | % | |||||||||||||||||||||||||||||||||||||||||
Athenahealth Group Inc.(8)(11)(12) | First lien senior secured delayed draw term loan | SR + | 3.50% | 02/2029 | — | (112) | (109) | (0.1) | % | |||||||||||||||||||||||||||||||||||||||||
Imprivata, Inc.(8) | First lien senior secured loan | SR + | 4.25% | 12/2027 | 9,762 | 9,583 | 9,396 | 5.9 | % | |||||||||||||||||||||||||||||||||||||||||
Verscend Holding Corp.(6) | First lien senior secured loan | L + | 4.00% | 08/2025 | 9,944 | 9,821 | 9,870 | 6.1 | % | |||||||||||||||||||||||||||||||||||||||||
29,109 | 27,928 | 27,623 | 17.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Infrastructure and environmental services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Osmose Utilities Services, Inc.(6) | First lien senior secured loan | L + | 3.25% | 06/2028 | 9,762 | 9,052 | 9,249 | 5.8 | % | |||||||||||||||||||||||||||||||||||||||||
USIC Holdings, Inc.(6)(11) | First lien senior secured loan | L + | 3.50% | 05/2028 | 2,977 | 2,831 | 2,837 | 1.7 | % | |||||||||||||||||||||||||||||||||||||||||
12,739 | 11,883 | 12,086 | 7.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Acrisure, LLC(9) | First lien senior secured loan | SR + | 5.75% | 02/2027 | 6,500 | 6,182 | 6,435 | 4.1 | % | |||||||||||||||||||||||||||||||||||||||||
AssuredPartners, Inc.(8) | First lien senior secured loan | SR + | 4.25% | 02/2027 | 4,988 | 4,814 | 4,875 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||||
Hub International Limited(7)(11) | First lien senior secured loan | L + | 3.25% | 04/2025 | 9,924 | 9,756 | 9,823 | 6.1 | % |
ORCIC Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Company(1)(2)(4)(5) | Investment | Interest | Maturity Date | Par / Units | Amortized Cost(3) | Fair Value | Percentage of Members’ Equity | |||||||||||||||||||||||||||||||||||||||||||
21,412 | 20,752 | 21,133 | 13.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Internet software and services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Barracuda Parent, LLC(8) | First lien senior secured loan | SR + | 4.50% | 08/2029 | 10,600 | 10,141 | 10,203 | 6.3 | % | |||||||||||||||||||||||||||||||||||||||||
CDK Global, Inc.(9)(11) | First lien senior secured loan | SR + | 4.50% | 07/2029 | 10,600 | 10,366 | 10,492 | 6.5 | % | |||||||||||||||||||||||||||||||||||||||||
Delta TopCo, Inc. (dba Infoblox, Inc.)(9)(11) | First lien senior secured loan | SR + | 3.75% | 12/2027 | 10,573 | 9,666 | 9,741 | 6.1 | % | |||||||||||||||||||||||||||||||||||||||||
E2open, LLC(6)(11) | First lien senior secured loan | L + | 3.50% | 02/2028 | 3,868 | 3,756 | 3,793 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
Hyland Software, Inc.(6)(11) | First lien senior secured loan | L + | 3.50% | 07/2024 | 9,948 | 9,732 | 9,802 | 6.1 | % | |||||||||||||||||||||||||||||||||||||||||
Sophos Holdings, LLC(7) | First lien senior secured loan | L + | 3.50% | 03/2027 | 10,546 | 10,319 | 10,203 | 6.4 | % | |||||||||||||||||||||||||||||||||||||||||
56,135 | 53,980 | 54,234 | 33.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Leisure and entertainment | ||||||||||||||||||||||||||||||||||||||||||||||||||
Delta 2 (Lux) SARL (dba Formula One)(8) | First lien senior secured loan | SR + | 3.25% | 01/2030 | 3,000 | 2,970 | 2,993 | 1.8 | % | |||||||||||||||||||||||||||||||||||||||||
WMG Acquisition Corp.(8)(11) | First lien senior secured loan | SR + | 3.00% | 01/2028 | 4,000 | 3,922 | 3,953 | 2.5 | % | |||||||||||||||||||||||||||||||||||||||||
7,000 | 6,892 | 6,946 | 4.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Manufacturing | ||||||||||||||||||||||||||||||||||||||||||||||||||
DXP Enterprises, Inc.(10) | First lien senior secured loan | SR + | 5.25% | 12/2027 | 4,987 | 4,717 | 4,738 | 3.0 | % | |||||||||||||||||||||||||||||||||||||||||
Gates Global LLC(8)(11) | First lien senior secured loan | SR + | 3.50% | 11/2029 | 1,995 | 1,936 | 1,978 | 1.2 | % | |||||||||||||||||||||||||||||||||||||||||
Pro Mach Group, Inc.(6)(11) | First lien senior secured loan | L + | 4.00% | 08/2028 | 10,547 | 10,282 | 10,241 | 6.4 | % | |||||||||||||||||||||||||||||||||||||||||
Pro Mach Group, Inc.(9) | First lien senior secured loan | SR + | 5.00% | 08/2028 | 4,000 | 3,800 | 3,884 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||
21,529 | 20,735 | 20,841 | 13.0 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Professional services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(9) | First lien senior secured loan | SR + | 5.00% | 07/2028 | 2,500 | 2,350 | 2,400 | 1.5 | % | |||||||||||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC(7)(11) | First lien senior secured loan | L + | 3.75% | 07/2028 | 4,938 | 4,748 | 4,691 | 2.9 | % | |||||||||||||||||||||||||||||||||||||||||
EM Midco2 Ltd. (dba Element Materials Technology)(9) | First lien senior secured loan | SR + | 4.25% | 06/2029 | 2,053 | 1,988 | 2,012 | 1.3 | % | |||||||||||||||||||||||||||||||||||||||||
Sovos Compliance, LLC(9) | First lien senior secured loan | SR + | 4.50% | 08/2028 | 10,547 | 10,200 | 9,703 | 6.0 | % | |||||||||||||||||||||||||||||||||||||||||
20,038 | 19,286 | 18,806 | 11.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Telecommunications | ||||||||||||||||||||||||||||||||||||||||||||||||||
Park Place Technologies, LLC(8)(11) | First lien senior secured loan | SR + | 5.00% | 11/2027 | 9,762 | 9,268 | 9,172 | 5.7 | % | |||||||||||||||||||||||||||||||||||||||||
Zayo Group Holdings, Inc.(8)(11) | First lien senior secured loan | SR + | 4.25% | 03/2027 | 9,925 | 8,294 | 8,196 | 5.1 | % | |||||||||||||||||||||||||||||||||||||||||
19,687 | 17,562 | 17,368 | 10.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Total Debt Investments | $ | 529,463 | $ | 507,996 | $ | 506,202 | 315.6 | % | ||||||||||||||||||||||||||||||||||||||||||
Total Investments | $ | 529,463 | $ | 507,996 | $ | 506,202 | 315.6 | % | ||||||||||||||||||||||||||||||||||||||||||
($ in thousands) | March 31, 2023 (Unaudited) | December 31, 2022 | |||||||||
Assets | |||||||||||
Investments at fair value (amortized cost of $649,824 and $507,996, respectively) | $ | 651,694 | $ | 506,202 | |||||||
Cash | 8,920 | 15,237 | |||||||||
Interest receivable | 2,725 | 2,202 | |||||||||
Receivable due on investments sold | — | 4,622 | |||||||||
Prepaid expenses and other assets | 176 | 151 | |||||||||
Total Assets | $ | 663,515 | $ | 528,414 | |||||||
Liabilities | |||||||||||
Debt (net of unamortized debt issuance costs of $3,272 and $3,509, respectively) | $ | 405,476 | $ | 343,035 | |||||||
Payable for investments purchased | 38,615 | 13,958 | |||||||||
Interest payable | 1,197 | 1,522 | |||||||||
Return of capital payable | — | 4,489 | |||||||||
Distribution payable | 6,968 | 3,624 | |||||||||
Accrued expenses and other liabilities | 383 | 1,337 | |||||||||
Total Liabilities | $ | 452,639 | $ | 367,965 | |||||||
Commitments and contingencies | |||||||||||
Members’ Equity | |||||||||||
Members’ Equity | 210,876 | 160,449 | |||||||||
Total Members’ Equity | 210,876 | 160,449 | |||||||||
Total Liabilities and Members’ Equity | $ | 663,515 | $ | 528,414 |
($ in thousands) | For the Three Months Ended March 31, 2023 (Unaudited) | |||||||
Investment Income | ||||||||
Interest income | $ | 13,181 | ||||||
Total Investment Income | 13,181 | |||||||
Operating Expenses | ||||||||
Interest expense | $ | 5,894 | ||||||
Professional fees | 190 | |||||||
Other general and administrative | 129 | |||||||
Total Operating Expenses | 6,213 | |||||||
Net Investment Income | $ | 6,968 | ||||||
Net Realized and Change in Unrealized Gain (Loss) on Investments | ||||||||
Net change in unrealized gain (loss) on investments | 3,663 | |||||||
Net realized gain (loss) on investments | 14 | |||||||
Total Net Realized and Change in Unrealized Gain (Loss) on Investments | 3,677 | |||||||
Net Increase in Members’ Equity Resulting from Operations | $ | 10,645 |
($ in thousands) | For the Three Months Ended March 31, 2023 | ||||
Interest expense | $ | 5,657 | |||
Amortization of debt issuance costs | 237 | ||||
Total Interest Expense | $ | 5,894 | |||
Average interest rate(1) | 6.2 | % | |||
Average daily borrowings | $ | 367,522 |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | For the Three Months Ended March 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | 2022 | 2021 | 2022 | 2021 | ($ in thousands) | 2023 | 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Investment Income | Total Investment Income | $ | 205,219 | $ | 15,626 | $ | 404,285 | $ | 19,639 | Total Investment Income | $ | 305,412 | $ | 70,145 | ||||||||||||||||||||||||||||||||||||||||||||
Less: Net Operating Expenses | Less: Net Operating Expenses | 99,202 | 9,588 | 186,604 | 11,370 | Less: Net Operating Expenses | 139,742 | 27,554 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net Investment Income (Loss) Before Taxes | Net Investment Income (Loss) Before Taxes | 106,017 | 6,038 | 217,681 | 8,269 | Net Investment Income (Loss) Before Taxes | 165,670 | 42,591 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Less: Income taxes, including excise taxes | Less: Income taxes, including excise taxes | (4) | — | (4) | — | Less: Income taxes, including excise taxes | 95 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net Investment Income (Loss) After Taxes | Net Investment Income (Loss) After Taxes | 106,013 | 6,038 | 217,677 | 8,269 | Net Investment Income (Loss) After Taxes | 165,575 | 42,591 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) | Net realized gain (loss) | (182) | 915 | 386 | 922 | Net realized gain (loss) | (4,577) | 437 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | Net change in unrealized gain (loss) | 47,040 | 2,182 | (145,347) | 3,016 | Net change in unrealized gain (loss) | 64,035 | (23,457) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 152,871 | $ | 9,135 | $ | 72,716 | $ | 12,207 | Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 225,033 | $ | 19,571 |
For the Three Months Ended March 31, | ||||||||||||||||||||||||||||||||
($ in thousands) | 2023 | 2022 (1) | ||||||||||||||||||||||||||||||
Investment income from non-controlled, non-affiliated investments: | ||||||||||||||||||||||||||||||||
Interest income | $ | 263,262 | $ | 60,414 | ||||||||||||||||||||||||||||
PIK interest income | 15,077 | 4,976 | ||||||||||||||||||||||||||||||
PIK dividend income | 17,970 | 2,886 | ||||||||||||||||||||||||||||||
Other income | 3,006 | 1,869 | ||||||||||||||||||||||||||||||
Total investment income from non-controlled, non-affiliated investments: | 299,315 | 70,145 | ||||||||||||||||||||||||||||||
Investment income from controlled, affiliated investments: | ||||||||||||||||||||||||||||||||
Dividend income | 6,097 | — | ||||||||||||||||||||||||||||||
Total investment income from controlled, affiliated investments: | 6,097 | — | ||||||||||||||||||||||||||||||
Total investment income | $ | 305,412 | $ | 70,145 |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||||||||||||||||||||||||
($ in thousands) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Interest income | $ | 174,782 | $ | 13,728 | $ | 345,230 | $ | 17,462 | ||||||||||||||||||
PIK interest income | 12,198 | 891 | 24,369 | 985 | ||||||||||||||||||||||
Dividend income | 13,166 | 203 | 21,829 | 342 | ||||||||||||||||||||||
Other income | 5,073 | 804 | 12,857 | 850 | ||||||||||||||||||||||
Total investment income | $ | 205,219 | $ | 15,626 | $ | 404,285 | $ | 19,639 |
For the Three Months Ended March 31, | ||||||||||||||
($ in thousands) | 2023 | 2022 | ||||||||||||
Offering costs | $ | 613 | $ | 1,171 | ||||||||||
Interest expense | 89,595 | 15,371 | ||||||||||||
Management fees | 16,941 | 5,550 | ||||||||||||
Performance based incentive fees | 23,676 | 4,864 | ||||||||||||
Professional fees | 2,768 | 1,281 | ||||||||||||
Directors' fees | 265 | 282 | ||||||||||||
Shareholder servicing fees | 4,327 | 1,962 | ||||||||||||
Other general and administrative | 1,557 | 1,135 | ||||||||||||
Total operating expenses | $ | 139,742 | $ | 31,616 | ||||||||||
Expense Support | — | (4,062) | ||||||||||||
Net operating expenses | $ | 139,742 | $ | 27,554 |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||||||||||||||||||||||||
($ in thousands) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Initial organization | $ | — | $ | — | $ | — | $ | 273 | ||||||||||||||||||
Offering costs | 1,090 | 1,524 | 3,440 | 1,524 | ||||||||||||||||||||||
Interest expense | 61,773 | 3,463 | 113,254 | 4,966 | ||||||||||||||||||||||
Management fees | 12,672 | 836 | 27,570 | 1,102 | ||||||||||||||||||||||
Performance based incentive fees | 15,142 | 1,372 | 29,489 | 1,570 | ||||||||||||||||||||||
Professional fees | 2,916 | 558 | 6,250 | 1,221 | ||||||||||||||||||||||
Directors' fees | 296 | 257 | 845 | 788 | ||||||||||||||||||||||
Shareholder servicing fees | 3,558 | 256 | 8,444 | 306 | ||||||||||||||||||||||
Other general and administrative | 1,755 | 857 | 4,087 | 1,785 | ||||||||||||||||||||||
Total operating expenses | $ | 99,202 | $ | 9,123 | $ | 193,379 | $ | 13,535 | ||||||||||||||||||
Management fees waived | — | — | — | (52) | ||||||||||||||||||||||
Expense Support | — | — | (6,775) | (2,578) | ||||||||||||||||||||||
Recoupment of Expense Support | — | 465 | — | 465 | ||||||||||||||||||||||
Net operating expenses | 99,202 | 9,588 | 186,604 | 11,370 |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||||||||||||||||||||||||
($ in thousands) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Net change in unrealized gain (loss) on investments | $ | 48,819 | $ | 2,211 | $ | (142,695) | $ | 3,023 | ||||||||||||||||||
Net change in translation of assets and liabilities in foreign currencies | (1,779) | (29) | (2,652) | (7) | ||||||||||||||||||||||
Net change in unrealized gain (loss) | 47,040 | 2,182 | (145,347) | 3,016 |
For the Three Months Ended March 31, | ||||||||||||||
($ in thousands) | 2023 | 2022 | ||||||||||||
Net change in unrealized gain (loss): | ||||||||||||||
Non-controlled, non-affiliated investments | $ | 60,654 | $ | (23,285) | ||||||||||
Non-controlled, affiliated investments | (1) | — | ||||||||||||
Controlled, affiliated investments | 3,251 | — | ||||||||||||
Net change in translation of assets and liabilities in foreign currencies | 138 | (172) | ||||||||||||
Income tax (provision) benefit | (7) | — | ||||||||||||
Net change in unrealized gain (loss) | $ | 64,035 | $ | (23,457) |
Portfolio Company ($ in millions) | Net Change in Unrealized Gain (Loss) | |||||||
Asurion, LLC | 7.8 | |||||||
Dealer Tire, LLC | 2.6 | |||||||
Hyperion Refinance S.a.r.l (dba Howden Group) | 2.5 | |||||||
Olaplex, Inc. | (2.4) | |||||||
Associations, Inc. | 2.4 | |||||||
Athenahealth Group Inc. | ||||||||
Portfolio Company ($ in millions) | Net Change in Unrealized Gain (Loss) | |||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | $ | |||||||
Remaining portfolio companies | ||||||||
Total | $ |
For the Three Months Ended March 31, | ||||||||||||||
($ in thousands) | 2023 | 2022 | ||||||||||||
Net realized gain (loss) on investments | $ | (4,577) | $ | 250 | ||||||||||
Net realized gain (loss) on foreign currency transactions | — | 187 | ||||||||||||
Net realized gain (loss) | $ | (4,577) | $ | 437 |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||||||||||||||||||||||||
($ in thousands) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Net realized gain (loss) on investments | $ | (234) | $ | 917 | $ | 125 | $ | 924 | ||||||||||||||||||
Net realized gain (loss) on foreign currency transactions | 52 | (2) | 261 | (2) | ||||||||||||||||||||||
Net realized gain (loss) | (182) | 915 | 386 | 922 |
For the Three Months Ended March 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | Class D | Class I | Total | |||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the continuous public offering | 17,528,972 | $ | 162,332 | 5,015,703 | $ | 46,224 | 38,530,460 | $ | 353,968 | 61,075,135 | $ | 562,524 | ||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the private placements | — | — | — | — | 1,525,337 | 14,040 | 1,525,337 | 14,040 | ||||||||||||||||||||||||||||||||||||||||||
Reinvestment of distributions | 1,723,661 | 15,832 | 520,722 | 4,787 | 3,120,002 | 28,728 | 5,364,385 | 49,347 | ||||||||||||||||||||||||||||||||||||||||||
Repurchased shares | (2,349,994) | (21,643) | (374,566) | (3,453) | (7,361,842) | (68,024) | (10,086,402) | (93,120) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/gross proceeds | 16,902,639 | 156,521 | 5,161,859 | 47,558 | 35,813,957 | 328,712 | 57,878,455 | 532,791 | ||||||||||||||||||||||||||||||||||||||||||
Sales load | — | (1,557) | — | (49) | — | — | — | (1,606) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/net proceeds | 16,902,639 | $ | 154,964 | 5,161,859 | $ | 47,509 | 35,813,957 | $ | 328,712 | 57,878,455 | $ | 531,185 |
For the Three Months Ended March 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | Class D | Class I | Total | |||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the continuous public offering | 48,271,855 | $ | 453,018 | 12,403,855 | $ | 115,734 | 65,711,868 | $ | 612,240 | 126,387,578 | $ | 1,180,992 | ||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the private placements | — | — | — | — | 4,176,265 | 38,756 | 4,176,265 | 38,756 | ||||||||||||||||||||||||||||||||||||||||||
Reinvestment of distributions | 390,070 | 3,630 | 157,073 | 1,461 | 631,685 | 5,885 | 1,178,828 | 10,976 | ||||||||||||||||||||||||||||||||||||||||||
Repurchased shares | (649,420) | (6,001) | (32,853) | (304) | (1,833,520) | (16,978) | (2,515,793) | (23,283) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/gross proceeds | 48,012,505 | 450,647 | 12,528,075 | 116,891 | 68,686,298 | 639,903 | 129,226,878 | 1,207,441 | ||||||||||||||||||||||||||||||||||||||||||
Sales load | — | (3,650) | — | (332) | — | — | — | (3,982) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/net proceeds | 48,012,505 | $ | 446,997 | 12,528,075 | $ | 116,559 | 68,686,298 | $ | 639,903 | 129,226,878 | $ | 1,203,459 |
For the Three Months Ended September 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | Class D | Class I | Total | |||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the continuous public offering | 25,525,944 | $ | 231,220 | 5,608,407 | $ | 50,343 | 53,594,346 | $ | 483,022 | 84,728,697 | $ | 764,585 | ||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the private placements | — | — | — | — | 3,573,813 | 32,219 | 3,573,813 | 32,219 | ||||||||||||||||||||||||||||||||||||||||||
Reinvestment of distributions | 1,037,935 | 9,333 | 339,854 | 3,060 | 1,922,051 | 17,350 | 3,299,840 | 29,743 | ||||||||||||||||||||||||||||||||||||||||||
Repurchased shares | (975,399) | (8,769) | (125,759) | (1,132) | (3,660,100) | (32,978) | (4,761,258) | (42,878) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/gross proceeds | 25,588,480 | 231,784 | 5,822,502 | 52,271 | 55,430,110 | 499,613 | 86,841,092 | 783,669 | ||||||||||||||||||||||||||||||||||||||||||
Sales load | — | (2,215) | — | — | — | — | — | (2,215) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/net proceeds | 25,588,480 | $ | 229,569 | 5,822,502 | $ | 52,271 | 55,430,110 | $ | 499,613 | 86,841,092 | $ | 781,454 |
For the Three Months Ended September 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | Class D | Class I | Total | |||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the continuous public offering | 14,647,167 | $ | 137,884 | 3,735,226 | $ | 34,766 | 26,527,911 | $ | 246,709 | 44,910,304 | $ | 419,359 | ||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the private placements | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Reinvestment of distributions | 44,239 | 410 | 39,323 | 365 | 112,188 | 1,044 | 195,750 | 1,819 | ||||||||||||||||||||||||||||||||||||||||||
Repurchased shares | — | — | (5,933) | (55) | (31,254) | (291) | (37,187) | (346) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/gross proceeds | 14,691,406 | 138,294 | 3,768,616 | 35,076 | 26,608,845 | 247,462 | 45,068,867 | 420,832 | ||||||||||||||||||||||||||||||||||||||||||
Sales load | — | (1,666) | — | (65) | — | — | — | (1,731) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/net proceeds | 14,691,406 | $ | 136,628 | 3,768,616 | $ | 35,011 | 26,608,845 | $ | 247,462 | 45,068,867 | $ | 419,101 |
For the Nine Months Ended September 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | Class D | Class I | Total | |||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the continuous public offering | 119,271,531 | $ | 1,104,545 | 25,925,981 | $ | 238,937 | 199,692,008 | $ | 1,834,660 | 344,889,520 | $ | 3,178,142 | ||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the private placements | — | — | — | — | 12,152,271 | 111,484 | 12,152,271 | 111,484 | ||||||||||||||||||||||||||||||||||||||||||
Reinvestment of distributions | 2,112,563 | 19,227 | 758,555 | 6,921 | 3,721,296 | 33,943 | 6,592,414 | 60,091 | ||||||||||||||||||||||||||||||||||||||||||
Repurchased shares | (2,571,103) | (23,135) | (283,888) | (2,546) | (7,567,237) | (68,370) | (10,422,228) | (94,051) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/gross proceeds | 118,812,991 | 1,100,637 | 26,400,648 | 243,312 | 207,998,338 | 1,911,717 | 353,211,977 | 3,255,666 | ||||||||||||||||||||||||||||||||||||||||||
Sales load | — | (9,288) | — | (446) | — | — | — | (9,734) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/net proceeds | 118,812,991 | $ | 1,091,349 | 26,400,648 | $ | 242,866 | 207,998,338 | $ | 1,911,717 | 353,211,977 | $ | 3,245,932 |
For the Nine months ended September 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | Class D | Class I | Total | |||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except share amounts) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the continuous public offering | 17,515,705 | $ | 164,931 | 7,103,293 | $ | 65,958 | 41,510,484 | $ | 385,557 | 66,129,482 | $ | 616,446 | ||||||||||||||||||||||||||||||||||||||
Shares/gross proceeds from the private placements | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Reinvestment of distributions | 51,782 | 480 | 51,667 | 479 | 138,020 | 1,283 | 241,469 | 2,242 | ||||||||||||||||||||||||||||||||||||||||||
Repurchased shares | — | — | (5,933) | (55) | (31,254) | (291) | (37,187) | (346) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/gross proceeds | 17,567,487 | 165,411 | 7,149,027 | 66,382 | 41,617,250 | 386,549 | 66,333,764 | 618,342 | ||||||||||||||||||||||||||||||||||||||||||
Sales load | — | (2,133) | — | (65) | — | — | — | (2,198) | ||||||||||||||||||||||||||||||||||||||||||
Total shares/net proceeds | 17,567,487 | $ | 163,278 | 7,149,027 | $ | 66,317 | 41,617,250 | $ | 386,549 | 66,333,764 | $ | 616,144 |
Class S | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
March 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
April 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
May 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
June 1, 2021 | $ | 9.28 | $ | 0.32 | $ | 9.60 | ||||||||||||||
July 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
August 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
September 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
October 1, 2021 | $ | 9.31 | $ | 0.33 | $ | 9.64 | ||||||||||||||
November 1, 2021 | $ | 9.32 | $ | 0.33 | $ | 9.65 | ||||||||||||||
December 1, 2021 | $ | 9.31 | $ | 0.33 | $ | 9.64 | ||||||||||||||
January 1, 2022 | $ | 9.33 | $ | 0.33 | $ | 9.66 | ||||||||||||||
February 1, 2022 | $ | 9.33 | $ | 0.33 | $ | 9.66 | ||||||||||||||
March 1, 2022 | $ | 9.27 | $ | 0.32 | $ | 9.59 | ||||||||||||||
April 1, 2022 | $ | 9.24 | $ | 0.32 | $ | 9.56 | ||||||||||||||
May 1, 2022 | $ | 9.23 | $ | 0.32 | $ | 9.55 | ||||||||||||||
June 1, 2022 | $ | 9.02 | $ | 0.32 | $ | 9.34 | ||||||||||||||
July 1, 2022 | $ | 8.84 | $ | 0.31 | $ | 9.15 | ||||||||||||||
August 1, 2022 | $ | 9.02 | $ | 0.32 | $ | 9.34 | ||||||||||||||
September 1, 2022 | $ | 9.09 | $ | 0.32 | $ | 9.41 |
Class S | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
March 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
April 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
May 1, 2021 | $ | 9.26 | $ | 0.32 | $ | 9.58 | ||||||||||||||
June 1, 2021 | $ | 9.28 | $ | 0.32 | $ | 9.60 | ||||||||||||||
July 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
August 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
September 1, 2021 | $ | 9.30 | $ | 0.33 | $ | 9.63 | ||||||||||||||
October 1, 2021 | $ | 9.31 | $ | 0.33 | $ | 9.64 |
Class D | ||||||||||||||||||||||||||||||||||||||||
Class S | Class S | |||||||||||||||||||||||||||||||||||||||
Effective Date | Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | ||||||||||||||||||||||||||||||||
March 1, 2021 | $ | 9.26 | $ | 0.14 | $ | 9.40 | ||||||||||||||||||||||||||||||||||
April 1, 2021 | $ | 9.26 | $ | 0.14 | $ | 9.40 | ||||||||||||||||||||||||||||||||||
May 1, 2021 | $ | 9.25 | $ | 0.14 | $ | 9.39 | ||||||||||||||||||||||||||||||||||
June 1, 2021 | $ | 9.27 | $ | 0.14 | $ | 9.41 | ||||||||||||||||||||||||||||||||||
July 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||||||||||||||||||||||
August 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||||||||||||||||||||||
September 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||||||||||||||||||||||
October 1, 2021 | $ | 9.31 | $ | 0.14 | $ | 9.45 | ||||||||||||||||||||||||||||||||||
November 1, 2021 | November 1, 2021 | $ | 9.32 | $ | 0.14 | $ | 9.46 | November 1, 2021 | $ | 9.32 | $ | 0.33 | $ | 9.65 | ||||||||||||||||||||||||||
December 1, 2021 | December 1, 2021 | $ | 9.31 | $ | 0.14 | $ | 9.45 | December 1, 2021 | $ | 9.31 | $ | 0.33 | $ | 9.64 | ||||||||||||||||||||||||||
January 1, 2022 | January 1, 2022 | $ | 9.34 | $ | 0.14 | $ | 9.48 | January 1, 2022 | $ | 9.33 | $ | 0.33 | $ | 9.66 | ||||||||||||||||||||||||||
February 1, 2022 | February 1, 2022 | $ | 9.33 | $ | 0.14 | $ | 9.47 | February 1, 2022 | $ | 9.33 | $ | 0.33 | $ | 9.66 | ||||||||||||||||||||||||||
March 1, 2022 | March 1, 2022 | $ | 9.27 | $ | 0.14 | $ | 9.41 | March 1, 2022 | $ | 9.27 | $ | 0.32 | $ | 9.59 | ||||||||||||||||||||||||||
April 1, 2022 | April 1, 2022 | $ | 9.25 | $ | 0.14 | $ | 9.39 | April 1, 2022 | $ | 9.24 | $ | 0.32 | $ | 9.56 | ||||||||||||||||||||||||||
May 1, 2022 | May 1, 2022 | $ | 9.24 | $ | 0.14 | $ | 9.38 | May 1, 2022 | $ | 9.23 | $ | 0.32 | $ | 9.55 | ||||||||||||||||||||||||||
June 1, 2022 | June 1, 2022 | $ | 9.04 | $ | 0.14 | $ | 9.18 | June 1, 2022 | $ | 9.02 | $ | 0.32 | $ | 9.34 | ||||||||||||||||||||||||||
July 1, 2022 | July 1, 2022 | $ | 8.86 | $ | 0.13 | $ | 8.99 | July 1, 2022 | $ | 8.84 | $ | 0.31 | $ | 9.15 | ||||||||||||||||||||||||||
August 1, 2022 | August 1, 2022 | $ | 9.04 | $ | 0.14 | $ | 9.18 | August 1, 2022 | $ | 9.02 | $ | 0.32 | $ | 9.34 | ||||||||||||||||||||||||||
September 1, 2022 | September 1, 2022 | $ | 9.09 | $ | 0.14 | $ | 9.23 | September 1, 2022 | $ | 9.09 | $ | 0.32 | $ | 9.41 | ||||||||||||||||||||||||||
October 1, 2022 | October 1, 2022 | $ | 8.99 | $ | 0.31 | $ | 9.30 | |||||||||||||||||||||||||||||||||
November 1, 2022 | November 1, 2022 | $ | 9.00 | $ | 0.32 | $ | 9.32 | |||||||||||||||||||||||||||||||||
December 1, 2022 | December 1, 2022 | $ | 9.05 | $ | 0.32 | $ | 9.37 | |||||||||||||||||||||||||||||||||
January 1, 2023 | January 1, 2023 | $ | 9.06 | $ | 0.32 | $ | 9.38 | |||||||||||||||||||||||||||||||||
February 1, 2023 | February 1, 2023 | $ | 9.24 | $ | 0.32 | $ | 9.56 | |||||||||||||||||||||||||||||||||
March 1, 2023 | March 1, 2023 | $ | 9.23 | $ | 0.32 | $ | 9.55 |
Class I | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
March 1, 2021 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
April 1, 2021 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
May 1, 2021 | $ | 9.25 | $ | — | $ | 9.25 | ||||||||||||||
June 1, 2021 | $ | 9.27 | $ | — | $ | 9.27 | ||||||||||||||
July 1, 2021 | $ | 9.29 | $ | — | $ | 9.29 | ||||||||||||||
August 1, 2021 | $ | 9.29 | $ | — | $ | 9.29 | ||||||||||||||
September 1, 2021 | $ | 9.29 | $ | — | $ | 9.29 | ||||||||||||||
October 1, 2021 | $ | 9.31 | $ | — | $ | 9.31 | ||||||||||||||
November 1, 2021 | $ | 9.32 | $ | — | $ | 9.32 | ||||||||||||||
December 1, 2021 | $ | 9.31 | $ | — | $ | 9.31 | ||||||||||||||
January 1, 2022 | $ | 9.34 | $ | — | $ | 9.34 | ||||||||||||||
February 1, 2022 | $ | 9.33 | $ | — | $ | 9.33 | ||||||||||||||
March 1, 2022 | $ | 9.27 | $ | — | $ | 9.27 | ||||||||||||||
April 1, 2022 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
May 1, 2022 | $ | 9.25 | $ | — | $ | 9.25 | ||||||||||||||
June 1, 2022 | $ | 9.05 | $ | — | $ | 9.05 | ||||||||||||||
July 1, 2022 | $ | 8.88 | $ | — | $ | 8.88 |
Class D | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
March 1, 2021 | $ | 9.26 | $ | 0.14 | $ | 9.40 | ||||||||||||||
April 1, 2021 | $ | 9.26 | $ | 0.14 | $ | 9.40 | ||||||||||||||
May 1, 2021 | $ | 9.25 | $ | 0.14 | $ | 9.39 | ||||||||||||||
June 1, 2021 | $ | 9.27 | $ | 0.14 | $ | 9.41 | ||||||||||||||
July 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||
August 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||
September 1, 2021 | $ | 9.29 | $ | 0.14 | $ | 9.43 | ||||||||||||||
October 1, 2021 | $ | 9.31 | $ | 0.14 | $ | 9.45 | ||||||||||||||
November 1, 2021 | $ | 9.32 | $ | 0.14 | $ | 9.46 | ||||||||||||||
December 1, 2021 | $ | 9.31 | $ | 0.14 | $ | 9.45 | ||||||||||||||
January 1, 2022 | $ | 9.34 | $ | 0.14 | $ | 9.48 | ||||||||||||||
February 1, 2022 | $ | 9.33 | $ | 0.14 | $ | 9.47 | ||||||||||||||
March 1, 2022 | $ | 9.27 | $ | 0.14 | $ | 9.41 | ||||||||||||||
April 1, 2022 | $ | 9.25 | $ | 0.14 | $ | 9.39 | ||||||||||||||
May 1, 2022 | $ | 9.24 | $ | 0.14 | $ | 9.38 | ||||||||||||||
June 1, 2022 | $ | 9.04 | $ | 0.14 | $ | 9.18 | ||||||||||||||
July 1, 2022 | $ | 8.86 | $ | 0.13 | $ | 8.99 | ||||||||||||||
August 1, 2022 | $ | 9.04 | $ | 0.14 | $ | 9.18 | ||||||||||||||
September 1, 2022 | $ | 9.09 | $ | 0.14 | $ | 9.23 | ||||||||||||||
October 1, 2022 | $ | 9.00 | $ | 0.14 | $ | 9.14 | ||||||||||||||
November 1, 2022 | $ | 9.01 | $ | 0.14 | $ | 9.15 | ||||||||||||||
December 1, 2022 | $ | 9.05 | $ | 0.14 | $ | 9.19 |
Class I | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
August 1, 2022 | $ | 9.06 | $ | — | $ | 9.06 | ||||||||||||||
September 1, 2022 | $ | 9.11 | $ | — | $ | 9.11 |
Class D | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
January 1, 2023 | $ | 9.07 | $ | 0.14 | $ | 9.21 | ||||||||||||||
February 1, 2023 | $ | 9.25 | $ | 0.14 | $ | 9.39 | ||||||||||||||
March 1, 2023 | $ | 9.24 | $ | 0.14 | $ | 9.38 |
Class I | ||||||||||||||||||||
Effective Date | Net Offering Price (per share) | Maximum Upfront Sales Load (per share) | Maximum Offering Price (per share) | |||||||||||||||||
Initial Offering Price | $ | 10.00 | $ | — | $ | 10.00 | ||||||||||||||
March 1, 2021 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
April 1, 2021 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
May 1, 2021 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
June 1, 2021 | $ | 9.28 | $ | — | $ | 9.28 | ||||||||||||||
July 1, 2021 | $ | 9.30 | $ | — | $ | 9.30 | ||||||||||||||
August 1, 2021 | $ | 9.30 | $ | — | $ | 9.30 | ||||||||||||||
September 1, 2021 | $ | 9.30 | $ | — | $ | 9.30 | ||||||||||||||
October 1, 2021 | $ | 9.32 | $ | — | $ | 9.32 | ||||||||||||||
November 1, 2021 | $ | 9.32 | $ | — | $ | 9.32 | ||||||||||||||
December 1, 2021 | $ | 9.31 | $ | — | $ | 9.31 | ||||||||||||||
January 1, 2022 | $ | 9.34 | $ | — | $ | 9.34 | ||||||||||||||
February 1, 2022 | $ | 9.34 | $ | — | $ | 9.34 | ||||||||||||||
March 1, 2022 | $ | 9.28 | $ | — | $ | 9.28 | ||||||||||||||
April 1, 2022 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
May 1, 2022 | $ | 9.25 | $ | — | $ | 9.25 | ||||||||||||||
June 1, 2022 | $ | 9.05 | $ | — | $ | 9.05 | ||||||||||||||
July 1, 2022 | $ | 8.88 | $ | — | $ | 8.88 | ||||||||||||||
August 1, 2022 | $ | 9.06 | $ | — | $ | 9.06 | ||||||||||||||
September 1, 2022 | $ | 9.11 | $ | — | $ | 9.11 | ||||||||||||||
October 1, 2022 | $ | 9.01 | $ | — | $ | 9.01 | ||||||||||||||
November 1, 2022 | $ | 9.02 | $ | — | $ | 9.02 | ||||||||||||||
December 1, 2022 | $ | 9.07 | $ | — | $ | 9.07 | ||||||||||||||
January 1, 2023 | $ | 9.08 | $ | — | $ | 9.08 | ||||||||||||||
February 1, 2023 | $ | 9.26 | $ | — | $ | 9.26 | ||||||||||||||
March 1, 2023 | $ | 9.26 | $ | — | $ | 9.26 |
Class S common stock distributions | Class D common stock distributions | Class I common stock distributions | ||||||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | Per Share(1) | Amount | Per Share(1) | Amount | Per Share | Amount | ||||||||||||||||||||||||||||||||
2022 | ||||||||||||||||||||||||||||||||||||||
January 31, 2022 | $ | 0.05580 | $ | 3,798 | $ | 0.05580 | $ | 1,094 | $ | 0.05580 | $ | 6,348 | ||||||||||||||||||||||||||
February 28, 2022 | 0.05580 | 4,593 | 0.05580 | 1,367 | 0.05580 | 7,312 | ||||||||||||||||||||||||||||||||
March 31, 2022 | 0.05580 | 5,334 | 0.05580 | 1,673 | 0.05580 | 8,860 | ||||||||||||||||||||||||||||||||
April 30, 2022 | 0.05580 | 6,147 | 0.05580 | 1,767 | 0.05580 | 10,893 | ||||||||||||||||||||||||||||||||
May 31, 2022 | 0.05580 | 6,896 | 0.05580 | 2,003 | 0.05580 | 12,307 | ||||||||||||||||||||||||||||||||
June 30, 2022 | 0.05580 | 7,613 | 0.05580 | 2,110 | 0.05580 | 13,541 | ||||||||||||||||||||||||||||||||
July 31, 2022 | 0.06038 | 8,877 | 0.06038 | 2,445 | 0.06038 | 15,923 | ||||||||||||||||||||||||||||||||
August 31, 2022 | 0.06038 | 9,247 | 0.06038 | 2,505 | 0.06038 | 16,982 | ||||||||||||||||||||||||||||||||
September 30, 2022 | 0.06643 | 10,779 | 0.06643 | 2,902 | 0.06643 | 19,803 | ||||||||||||||||||||||||||||||||
Total | $ | 0.52199 | $ | 63,284 | $ | 0.52199 | $ | 17,866 | $ | 0.52199 | $ | 111,969 |
Declaration Date | Record Date | Payment Date | Distribution Per Share(1) | Distribution Amount | ||||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | Class S | Class D | Class I | |||||||||||||||||||||||||||||||||||
December 5, 2022 | January 31, 2023 | February 24, 2023 | $ | 0.08765 | $ | 16,523 | $ | 4,296 | $ | 30,667 | ||||||||||||||||||||||||||||
February 10, 2023 | February 28, 2023 | March 23, 2023 | 0.06765 | 12,882 | 3,372 | 24,319 | ||||||||||||||||||||||||||||||||
February 10, 2023 | March 31, 2023 | April 26, 2023 | 0.06765 | 13,027 | 3,550 | 24,938 | ||||||||||||||||||||||||||||||||
Total | $ | 0.22295 | $ | 42,432 | $ | 11,218 | $ | 79,924 |
Declaration Date | Record Date | Payment Date | Distribution Per Share(1) | Distribution Amount | ||||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | Class S | Class D | Class I | |||||||||||||||||||||||||||||||||||
November 2, 2021 | January 31, 2022 | February 23, 2022 | $ | 0.05580 | $ | 3,798 | $ | 1,094 | $ | 6,348 | ||||||||||||||||||||||||||||
November 2, 2021 | February 28, 2022 | March 24, 2022 | 0.05580 | 4,593 | 1,367 | 7,312 | ||||||||||||||||||||||||||||||||
November 2, 2021 | March 31, 2022 | April 25, 2022 | 0.05580 | 5,334 | 1,673 | 8,860 | ||||||||||||||||||||||||||||||||
Total | $ | 0.16740 | $ | 13,725 | $ | 4,134 | $ | 22,520 |
For The Nine Months Ended September 30, 2022 | For the Three Months Ended March 31, 2023 | |||||||||||||||||||||||||||||||||||||||
Source of Distribution(2) | Source of Distribution(2) | Per Share(1) | Amount | Percentage | Source of Distribution(2) | Per Share(1) | Amount | Percentage | ||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | ($ in thousands, except per share amounts) | ($ in thousands, except per share amounts) | ||||||||||||||||||||||||||||||||||||||
Net investment income | Net investment income | $ | 0.52199 | $ | 193,119 | 100.0 | % | Net investment income | $ | 0.22295 | $ | 133,574 | 100.0 | % | ||||||||||||||||||||||||||
Total | Total | $ | 0.52199 | $ | 193,119 | 100.0 | % | Total | $ | 0.22295 | $ | 133,574 | 100.0 | % |
For the Nine Months Ended September 30, 2021 | For the Three Months Ended March 31, 2022 | |||||||||||||||||||||||||||||||||||||||
Source of Distribution(2) | Source of Distribution(2) | Per Share(1) | Amount | Percentage | Source of Distribution(2) | Per Share(1) | Amount | Percentage | ||||||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | ($ in thousands, except per share amounts) | ($ in thousands, except per share amounts) | ||||||||||||||||||||||||||||||||||||||
Net investment income | Net investment income | $ | 0.29208 | $ | 8,269 | 83.2 | % | Net investment income | $ | 0.16740 | $ | 40,379 | 100.0 | % | ||||||||||||||||||||||||||
Net realized gain (loss) on investments | 0.03265 | 922 | 9.3 | |||||||||||||||||||||||||||||||||||||
Distributions in excess of net investment income | 0.02633 | 744 | 7.5 | |||||||||||||||||||||||||||||||||||||
Total | Total | $ | 0.35106 | $ | 9,935 | 100.0 | % | Total | $ | 0.16740 | $ | 40,379 | 100.0 | % |
Offer Date | Class | Tender Offer Expiration | Tender Offer | Purchase Price per Share | Shares Repurchased | |||||||||||||||||||||||||||
August 25, 2021 | D | September 30, 2021 | $ | 55 | $ | 9.31 | 5,933 | |||||||||||||||||||||||||
August 25, 2021 | I | September 30, 2021 | $ | 291 | $ | 9.32 | 31,255 | |||||||||||||||||||||||||
November 26, 2021 | S | December 30, 2021 | $ | 150 | $ | 9.33 | 16,129 | |||||||||||||||||||||||||
November 26, 2021 | D | December 30, 2021 | $ | 51 | $ | 9.34 | 5,394 | |||||||||||||||||||||||||
November 26, 2021 | I | December 30, 2021 | $ | 1,213 | $ | 9.34 | 129,828 | |||||||||||||||||||||||||
February 25, 2022 | S | March 31, 2022 | $ | 6,001 | $ | 9.24 | 649,420 | |||||||||||||||||||||||||
February 25, 2022 | D | March 31, 2022 | $ | 304 | $ | 9.25 | 32,853 | |||||||||||||||||||||||||
February 25, 2022 | I | March 31, 2022 | $ | 16,978 | $ | 9.26 | 1,833,520 | |||||||||||||||||||||||||
May 25, 2022 | S | June 30, 2022 | $ | 8,365 | $ | 8.84 | 946,284 | |||||||||||||||||||||||||
May 25, 2022 | D | June 30, 2022 | $ | 1,110 | $ | 8.86 | 125,276 | |||||||||||||||||||||||||
May 25, 2022 | I | June 30, 2022 | $ | 18,414 | $ | 8.88 | 2,073,617 | |||||||||||||||||||||||||
August 25, 2022 | S | September 30, 2022 | $ | 8,769 | $ | 8.99 | 975,399 | |||||||||||||||||||||||||
August 25, 2022 | D | September 30, 2022 | $ | 1,132 | $ | 9.00 | 125,759 | |||||||||||||||||||||||||
August 25, 2022 | I | September 30, 2022 | $ | 32,978 | $ | 9.01 | 3,660,100 |
Offer Date | Class | Tender Offer Expiration | Tender Offer | Purchase Price per Share | Shares Repurchased | |||||||||||||||||||||||||||
February 25, 2022 | S | March 31, 2022 | $ | 6,001 | $ | 9.24 | 649,420 | |||||||||||||||||||||||||
February 25, 2022 | D | March 31, 2022 | $ | 304 | $ | 9.25 | 32,853 | |||||||||||||||||||||||||
February 25, 2022 | I | March 31, 2022 | $ | 16,978 | $ | 9.26 | 1,833,520 | |||||||||||||||||||||||||
February 28, 2023 | S | March 31, 2023 | $ | 21,643 | $ | 9.21 | 2,349,994 | |||||||||||||||||||||||||
February 28, 2023 | D | March 31, 2023 | $ | 3,453 | $ | 9.22 | 374,566 | |||||||||||||||||||||||||
February 28, 2023 | I | March 31, 2023 | $ | 68,024 | $ | 9.24 | 7,361,842 |
September 30, 2022 | |||||||||||||||||||||||
($ in thousands) | Aggregate Principal Committed | Outstanding Principal | Amount Available(1) | Net Carrying Value(2) | |||||||||||||||||||
Revolving Credit Facility (3) | $ | 1,775,000 | $ | 323,092 | $ | 1,451,908 | $ | 308,942 | |||||||||||||||
SPV Asset Facility I | 550,000 | 549,782 | 218 | 546,568 | |||||||||||||||||||
SPV Asset Facility II | 1,800,000 | 1,283,000 | 359,379 | 1,272,396 | |||||||||||||||||||
SPV Asset Facility III | 750,000 | 555,000 | 42,785 | 549,566 | |||||||||||||||||||
SPV Asset Facility IV | 500,000 | 465,000 | 35,000 | 460,767 | |||||||||||||||||||
ORCIC JV WH | 400,000 | 274,550 | 908 | 272,103 | |||||||||||||||||||
March 2025 Notes | 500,000 | 500,000 | — | 494,770 | |||||||||||||||||||
September 2026 Notes | 350,000 | 350,000 | — | 344,484 | |||||||||||||||||||
February 2027 Notes | 500,000 | 500,000 | — | 493,383 | |||||||||||||||||||
September 2027 Notes | 600,000 | 600,000 | — | 591,960 | |||||||||||||||||||
Total Debt | $ | 7,725,000 | $ | 5,400,424 | $ | 1,890,198 | $ | 5,334,939 |
March 31, 2023 | |||||||||||||||||||||||
($ in thousands) | Aggregate Principal Committed | Outstanding Principal | Amount Available(1) | Net Carrying Value(2) | |||||||||||||||||||
Revolving Credit Facility(3) | $ | 1,845,000 | $ | 672,789 | $ | 1,172,211 | $ | 659,842 | |||||||||||||||
SPV Asset Facility I | 550,000 | 500,430 | 49,570 | 497,316 | |||||||||||||||||||
SPV Asset Facility II | 1,800,000 | 1,538,000 | 156,309 | 1,528,719 | |||||||||||||||||||
SPV Asset Facility III | 750,000 | 555,000 | 46,404 | 550,148 | |||||||||||||||||||
SPV Asset Facility IV | 500,000 | 465,000 | 35,000 | 460,966 | |||||||||||||||||||
SPV Asset Facility V | 300,000 | 20,000 | 24,909 | 16,735 | |||||||||||||||||||
CLO VIII | 290,000 | 290,000 | — | 287,936 | |||||||||||||||||||
March 2025 Notes | 500,000 | 500,000 | — | 495,812 | |||||||||||||||||||
September 2026 Notes | 350,000 | 350,000 | — | 344,591 | |||||||||||||||||||
February 2027 Notes | 500,000 | 500,000 | — | 494,085 | |||||||||||||||||||
September 2027 Notes | 600,000 | 600,000 | — | 591,928 | |||||||||||||||||||
Total Debt | $ | 7,985,000 | $ | 5,991,219 | $ | 1,484,403 | $ | 5,928,078 |
December 31, 2021 | December 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | Aggregate Principal Committed | Outstanding Principal | Amount Available(1) | Net Carrying Value(2) | ($ in thousands) | Aggregate Principal Committed | Outstanding Principal | Amount Available(1) | Net Carrying Value(2) | ||||||||||||||||||||||||||||||||||||
Promissory Note | $ | 250,000 | $ | — | $ | 250,000 | $ | — | ||||||||||||||||||||||||||||||||||||||
Revolving Credit Facility | 750,000 | 451,170 | 298,830 | 445,188 | ||||||||||||||||||||||||||||||||||||||||||
Revolving Credit Facility(3) | Revolving Credit Facility(3) | $ | 1,845,000 | $ | 302,287 | $ | 1,542,713 | $ | 288,636 | |||||||||||||||||||||||||||||||||||||
SPV Asset Facility I | SPV Asset Facility I | 550,000 | 301,282 | 33,740 | 298,015 | SPV Asset Facility I | 550,000 | 440,430 | 72,337 | 437,241 | ||||||||||||||||||||||||||||||||||||
SPV Asset Facility II | SPV Asset Facility II | 1,000,000 | 446,000 | 83,678 | 438,637 | SPV Asset Facility II | 1,800,000 | 1,538,000 | 164,506 | 1,528,048 | ||||||||||||||||||||||||||||||||||||
SPV Asset Facility III | SPV Asset Facility III | 750,000 | 555,000 | 50,764 | 549,851 | |||||||||||||||||||||||||||||||||||||||||
SPV Asset Facility IV | SPV Asset Facility IV | 500,000 | 465,000 | 26,911 | 460,869 | |||||||||||||||||||||||||||||||||||||||||
CLO VIII | CLO VIII | 290,000 | 290,000 | — | 287,946 | |||||||||||||||||||||||||||||||||||||||||
March 2025 Notes | March 2025 Notes | 500,000 | 500,000 | — | 495,309 | |||||||||||||||||||||||||||||||||||||||||
September 2026 Notes | September 2026 Notes | 350,000 | 350,000 | — | 343,971 | September 2026 Notes | 350,000 | 350,000 | — | 344,226 | ||||||||||||||||||||||||||||||||||||
February 2027 Notes | February 2027 Notes | 500,000 | 500,000 | — | 493,735 | |||||||||||||||||||||||||||||||||||||||||
September 2027 Notes | September 2027 Notes | 600,000 | 600,000 | — | 591,550 | |||||||||||||||||||||||||||||||||||||||||
Total Debt | Total Debt | $ | 2,900,000 | $ | 1,548,452 | $ | 666,248 | $ | 1,525,811 | Total Debt | $ | 7,685,000 | $ | 5,540,717 | $ | 1,857,231 | $ | 5,477,411 |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | ||||||||||||||||||||||
($ in thousands) | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||
Interest expense | $ | 58,806 | $ | 3,104 | $ | 106,218 | $ | 4,340 | |||||||||||||||
Amortization of debt issuance costs | 2,967 | 359 | 7,036 | 626 | |||||||||||||||||||
Total Interest Expense | $ | 61,773 | $ | 3,463 | $ | 113,254 | $ | 4,966 | |||||||||||||||
Average interest rate | 4.6 | % | 2.7 | % | 4.2 | % | 3.0 | % | |||||||||||||||
Average daily borrowings | $ | 4,989,751 | $ | 450,600 | $ | 3,328,010 | $ | 192,471 |
Class and Period | Total Amount Outstanding Exclusive of Treasury Securities(1) ($ in millions) | Asset Coverage per Unit(2) | Involuntary Liquidating Preference per Unit(3) | Average Market Value per Unit(4) | |||||||||||||||||||
Promissory Note(5) | |||||||||||||||||||||||
September 30, 2022 (unaudited) | $ | — | — | — | N/A | ||||||||||||||||||
December 31, 2021 | $ | — | — | — | N/A | ||||||||||||||||||
December 31, 2020 | $ | 10.0 | 2,226.8 | — | N/A | ||||||||||||||||||
SPV Asset Facility I | |||||||||||||||||||||||
September 30, 2022 (unaudited) | $ | 549.8 | 1,855.9 | — | N/A | ||||||||||||||||||
December 31, 2021 | $ | 301.3 | 1,998.5 | — | N/A | ||||||||||||||||||
December 31, 2020 | $ | — | — | — | N/A | ||||||||||||||||||
SPV Asset Facility II | |||||||||||||||||||||||
September 30, 2022 (unaudited) | $ | 1,283.0 | 1,855.9 | — | N/A | ||||||||||||||||||
December 31, 2021 | $ | 446.0 | 1,998.5 | — | N/A | ||||||||||||||||||
December 31, 2020 | $ | — | — | — | N/A | ||||||||||||||||||
SPV Asset Facility III | |||||||||||||||||||||||
September 30, 2022 (unaudited) | $ | 555.0 | 1,855.9 | — | N/A | ||||||||||||||||||
December 31, 2021 | $ | — | — | — | N/A | ||||||||||||||||||
December 31, 2020 | $ | — | — | — | N/A | ||||||||||||||||||
SPV Asset Facility IV | |||||||||||||||||||||||
September 30, 2022 (unaudited) | $ | 465.0 | 1,855.9 | — | N/A | ||||||||||||||||||
December 31, 2021 | $ | — | — | — | N/A | ||||||||||||||||||
December 31, 2020 | $ | — | — | — | N/A | ||||||||||||||||||
ORCIC JV WH | |||||||||||||||||||||||
September 30, 2022 (unaudited) | $ | 274.6 | 1,855.9 | — | N/A | ||||||||||||||||||
December 31, 2021 | $ | — | — | — | N/A | ||||||||||||||||||
December 31, 2020 | $ | — | — | — | N/A | ||||||||||||||||||
Revolving Credit Facility | |||||||||||||||||||||||
September 30, 2022 (unaudited) | $ | 323.1 | 1,855.9 | — | N/A |
Class and Period | Total Amount Outstanding Exclusive of Treasury Securities(1) ($ in millions) | Asset Coverage per Unit(2) | Involuntary Liquidating Preference per Unit(3) | Average Market Value per Unit(4) | |||||||||||||||||||
December 31, 2021 | $ | 451.2 | 1,998.5 | — | N/A | ||||||||||||||||||
December 31, 2020 | $ | — | — | — | N/A | ||||||||||||||||||
September 2026 Notes | |||||||||||||||||||||||
September 30, 2022 (unaudited) | $ | 350.0 | 1,855.9 | — | 862.54 | ||||||||||||||||||
December 31, 2021 | $ | 350.0 | 1,998.5 | — | N/A | ||||||||||||||||||
December 31, 2020 | $ | — | — | — | N/A | ||||||||||||||||||
February 2027 Notes | |||||||||||||||||||||||
September 30, 2022 (unaudited) | $ | 500.0 | 1,855.9 | — | 906.86 | ||||||||||||||||||
December 31, 2021 | $ | — | — | — | N/A | ||||||||||||||||||
December 31, 2020 | $ | — | — | — | N/A | ||||||||||||||||||
September 2027 Notes | |||||||||||||||||||||||
September 30, 2022 (unaudited) | $ | 600.0 | 1,855.9 | — | N/A | ||||||||||||||||||
December 31, 2021 | $ | — | — | — | N/A | ||||||||||||||||||
December 31, 2020 | $ | — | — | — | N/A | ||||||||||||||||||
March 2025 Notes | |||||||||||||||||||||||
September 30, 2022 (unaudited) | $ | 500.0 | 1,855.9 | — | 957.78 | ||||||||||||||||||
December 31, 2021 | $ | — | — | — | N/A | ||||||||||||||||||
December 31, 2020 | $ | — | — | — | N/A |
For the Three Months Ended March 31, | |||||||||||||||||||||||||||||
($ in thousands) | 2023 | 2022 | |||||||||||||||||||||||||||
Interest expense | $ | 86,574 | $ | 13,963 | |||||||||||||||||||||||||
Amortization of debt issuance costs | 3,697 | 1,408 | |||||||||||||||||||||||||||
Net change in unrealized (gain) loss on effective interest rate swaps and hedged items(1) | (676) | — | |||||||||||||||||||||||||||
Total Interest Expense | $ | 89,595 | $ | 15,371 | |||||||||||||||||||||||||
Average interest rate | 6.2 | % | 3.4 | % | |||||||||||||||||||||||||
Average daily borrowings | $ | 5,579,502 | $ | 1,647,161 |
Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | |||||||||||||||||
($ in thousands) | ||||||||||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC | LLC Interest | $ | 40,965 | $ | 45,000 | |||||||||||||||
AAM Series 2.1 Aviation Feeder, LLC | LLC Interest | 42,832 | 43,432 | |||||||||||||||||
ABB/Con-cise Optical Group LLC | First lien senior secured revolving loan | 185 | 186 |
Portfolio Company | Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
ACR Group Borrower, LLC | ACR Group Borrower, LLC | First lien senior secured revolving loan | 511 | 875 | ACR Group Borrower, LLC | First lien senior secured revolving loan | 350 | 537 | ||||||||||||||||||||||||||||||||
Alera Group, Inc. | First lien senior secured delayed draw term loan | — | 47,273 | |||||||||||||||||||||||||||||||||||||
Alera Group, Inc. | First lien senior secured delayed draw term loan | 11,435 | — | |||||||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC | AmeriLife Holdings LLC | First lien senior secured revolving loan | 16,274 | — | AmeriLife Holdings LLC | First lien senior secured revolving loan | 16,273 | 16,273 | ||||||||||||||||||||||||||||||||
AmeriLife Holdings LLC | AmeriLife Holdings LLC | First lien senior secured delayed draw term loan | 32,546 | — | AmeriLife Holdings LLC | First lien senior secured delayed draw term loan | 10,848 | 10,849 | ||||||||||||||||||||||||||||||||
AAM Series 2.1 Aviation Feeder, LLC | LLC Interest | 43,633 | — | |||||||||||||||||||||||||||||||||||||
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC | LLC Interest | 45,000 | ||||||||||||||||||||||||||||||||||||||
Anaplan, Inc. | Anaplan, Inc. | First lien senior secured revolving loan | 16,528 | — | Anaplan, Inc. | First lien senior secured revolving loan | 16,528 | 16,528 | ||||||||||||||||||||||||||||||||
Apex Group Treasury, LLC | Second lien senior secured delayed draw term loan | — | 6,618 | |||||||||||||||||||||||||||||||||||||
Apex Service Partners, LLC | First lien senior secured delayed draw term loan | 15,117 | — | |||||||||||||||||||||||||||||||||||||
Apex Service Partners, LLC | Apex Service Partners, LLC | First lien senior secured revolving loan | 4,600 | — | Apex Service Partners, LLC | First lien senior secured revolving loan | 2,300 | 1,725 | ||||||||||||||||||||||||||||||||
Appfire Technologies, LLC | Appfire Technologies, LLC | First lien senior secured delayed draw term loan | 18,368 | — | Appfire Technologies, LLC | First lien senior secured revolving loan | 1,539 | 1,539 | ||||||||||||||||||||||||||||||||
Appfire Technologies, LLC | Appfire Technologies, LLC | First lien senior secured revolving loan | 1,501 | — | Appfire Technologies, LLC | First lien senior secured delayed draw term loan | 14,652 | 16,366 | ||||||||||||||||||||||||||||||||
Armstrong Bidco Ltd. (dba The Access Group) | First lien senior secured delayed draw term loan | 10,376 | — | |||||||||||||||||||||||||||||||||||||
Armstrong Bidco Limited (dba The Access Group) | Armstrong Bidco Limited (dba The Access Group) | First lien senior secured delayed draw term loan | 3,838 | 3,734 | ||||||||||||||||||||||||||||||||||||
Ascend Buyer, LLC (dba PPC Flexible Packaging) | Ascend Buyer, LLC (dba PPC Flexible Packaging) | First lien senior secured revolving loan | 4,425 | 4,255 | Ascend Buyer, LLC (dba PPC Flexible Packaging) | First lien senior secured revolving loan | 5,106 | 5,106 | ||||||||||||||||||||||||||||||||
Associations, Inc. | Associations, Inc. | First lien senior secured revolving loan | 4,829 | 4,829 | Associations, Inc. | First lien senior secured revolving loan | 4,829 | 4,829 | ||||||||||||||||||||||||||||||||
Associations, Inc. | Associations, Inc. | First lien senior secured delayed draw term loan | 57,236 | — | Associations, Inc. | First lien senior secured delayed draw term loan | 44,686 | 56,283 | ||||||||||||||||||||||||||||||||
Athenahealth Group Inc. | Athenahealth Group Inc. | First lien senior secured delayed draw term loan | 5,797 | — | Athenahealth Group Inc. | First lien senior secured delayed draw term loan | 3,631 | 3,631 | ||||||||||||||||||||||||||||||||
Avalara, Inc. | Avalara, Inc. | First lien senior secured revolving loan | 7,045 | 7,045 | ||||||||||||||||||||||||||||||||||||
AxiomSL Group, Inc. | AxiomSL Group, Inc. | First lien senior secured revolving loan | 2,591 | 2,591 | AxiomSL Group, Inc. | First lien senior secured delayed draw term loan | 2,145 | 2,145 | ||||||||||||||||||||||||||||||||
AxiomSL Group, Inc. | AxiomSL Group, Inc. | First lien senior secured delayed draw term loan | 2,145 | 2,145 | AxiomSL Group, Inc. | First lien senior secured revolving loan | 2,591 | 2,591 | ||||||||||||||||||||||||||||||||
Bayshore Intermediate #2, L.P. (dba Boomi) | Bayshore Intermediate #2, L.P. (dba Boomi) | First lien senior secured revolving loan | 1,593 | 1,593 | Bayshore Intermediate #2, L.P. (dba Boomi) | First lien senior secured revolving loan | 1,274 | 1,062 | ||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource) | BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured delayed draw term loan | 31,035 | 31,034 | BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured delayed draw term loan | 31,034 | 31,034 | ||||||||||||||||||||||||||||||||
BCPE Osprey Buyer, Inc. (dba PartsSource) | BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured revolving loan | 4,655 | 4,655 | BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured revolving loan | 3,621 | 4,655 | ||||||||||||||||||||||||||||||||
BCTO BSI Buyer, Inc. (dba Buildertrend) | BCTO BSI Buyer, Inc. (dba Buildertrend) | First lien senior secured revolving loan | 161 | 47 | BCTO BSI Buyer, Inc. (dba Buildertrend) | First lien senior secured revolving loan | 161 | 161 | ||||||||||||||||||||||||||||||||
Brightway Holdings, LLC | Brightway Holdings, LLC | First lien senior secured revolving loan | 2,105 | 2,105 | Brightway Holdings, LLC | First lien senior secured revolving loan | 1,474 | 2,105 | ||||||||||||||||||||||||||||||||
BW Holding, Inc. | First lien senior secured delayed draw term loan | — | 4,184 | |||||||||||||||||||||||||||||||||||||
BTRS Holdings Inc. (dba Billtrust) | BTRS Holdings Inc. (dba Billtrust) | First lien senior secured delayed draw term loan | 809 | 917 | ||||||||||||||||||||||||||||||||||||
BTRS Holdings Inc. (dba Billtrust) | BTRS Holdings Inc. (dba Billtrust) | First lien senior secured revolving loan | 998 | 1,157 | ||||||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd. | Canadian Hospital Specialties Ltd. | First lien senior secured delayed draw term loan | 628 | 939 | Canadian Hospital Specialties Ltd. | First lien senior secured delayed draw term loan | 492 | 637 | ||||||||||||||||||||||||||||||||
Canadian Hospital Specialties Ltd. | Canadian Hospital Specialties Ltd. | First lien senior secured revolving loan | 95 | 388 | Canadian Hospital Specialties Ltd. | First lien senior secured revolving loan | 190 | 248 | ||||||||||||||||||||||||||||||||
CivicPlus, LLC | CivicPlus, LLC | First lien senior secured revolving loan | 2,244 | 2,245 | ||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC | Community Brands ParentCo, LLC | First lien senior secured delayed draw term loan | 3,750 | 3,750 | ||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC | Community Brands ParentCo, LLC | First lien senior secured revolving loan | 1,875 | 1,875 | ||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC | CoreTrust Purchasing Group LLC | First lien senior secured delayed draw term loan | 14,183 | 14,183 | ||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC | CoreTrust Purchasing Group LLC | First lien senior secured revolving loan | 14,183 | 14,183 |
Portfolio Company | Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
CFS Brands, LLC | First lien senior secured delayed draw term loan | 11,344 | — | |||||||||||||||||||||||||||||||||||||
Chapford SMA Partnership, L.P. | LP Interest | 8,575 | — | |||||||||||||||||||||||||||||||||||||
CivicPlus, LLC | First lien senior secured delayed draw term loan | — | 4,400 | |||||||||||||||||||||||||||||||||||||
CivicPlus, LLC | First lien senior secured revolving loan | 2,244 | 880 | |||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC | First lien senior secured delayed draw term loan | 3,750 | — | |||||||||||||||||||||||||||||||||||||
Community Brands ParentCo, LLC | First lien senior secured revolving loan | 1,875 | — | |||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC | First lien senior secured delayed draw term loan | 14,183 | — | |||||||||||||||||||||||||||||||||||||
CoreTrust Purchasing Group LLC | First lien senior secured revolving loan | 14,183 | — | |||||||||||||||||||||||||||||||||||||
Coupa Holdings, LLC | Coupa Holdings, LLC | First lien senior secured revolving loan | 1,664 | — | ||||||||||||||||||||||||||||||||||||
Coupa Holdings, LLC | Coupa Holdings, LLC | First lien senior secured delayed draw term loan | 2,174 | — | ||||||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies) | Denali BuyerCo, LLC (dba Summit Companies) | First lien senior secured delayed draw term loan | 13,317 | 20,519 | Denali BuyerCo, LLC (dba Summit Companies) | First lien senior secured delayed draw term loan | — | 5,712 | ||||||||||||||||||||||||||||||||
Denali BuyerCo, LLC (dba Summit Companies) | Denali BuyerCo, LLC (dba Summit Companies) | First lien senior secured revolving loan | 9,963 | 7,407 | Denali BuyerCo, LLC (dba Summit Companies) | First lien senior secured revolving loan | 9,963 | 9,963 | ||||||||||||||||||||||||||||||||
Dermatology Intermediate Holdings III, Inc | Dermatology Intermediate Holdings III, Inc | First lien senior secured delayed draw term loan | 2,497 | — | Dermatology Intermediate Holdings III, Inc | First lien senior secured delayed draw term loan | 90 | 278 | ||||||||||||||||||||||||||||||||
Diamondback Acquisition, Inc. (dba Sphera) | Diamondback Acquisition, Inc. (dba Sphera) | First lien senior secured delayed draw term loan | 9,553 | 9,553 | Diamondback Acquisition, Inc. (dba Sphera) | First lien senior secured delayed draw term loan | 9,553 | 9,553 | ||||||||||||||||||||||||||||||||
Dodge Data & Analytics LLC | First lien senior secured revolving loan | — | 125 | |||||||||||||||||||||||||||||||||||||
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.) | Disco Parent, Inc. (dba Duck Creek Technologies, Inc.) | First lien senior secured revolving loan | 91 | — | ||||||||||||||||||||||||||||||||||||
Douglas Products and Packaging Company LLC | Douglas Products and Packaging Company LLC | First lien senior secured revolving loan | 3,199 | 3,199 | ||||||||||||||||||||||||||||||||||||
EET Buyer, Inc. (dba e-Emphasys) | EET Buyer, Inc. (dba e-Emphasys) | First lien senior secured revolving loan | 1,955 | 1,955 | EET Buyer, Inc. (dba e-Emphasys) | First lien senior secured revolving loan | 1,955 | 1,955 | ||||||||||||||||||||||||||||||||
Entertainment Benefits Group, LLC | Entertainment Benefits Group, LLC | First lien senior secured revolving loan | 11,600 | — | Entertainment Benefits Group, LLC | First lien senior secured revolving loan | 7,733 | 3,867 | ||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA) | Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured delayed draw term loan | 6,930 | 10,605 | Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured delayed draw term loan | 200 | 200 | ||||||||||||||||||||||||||||||||
Evolution BuyerCo, Inc. (dba SIAA) | Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured revolving loan | 676 | 676 | Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured revolving loan | 676 | 676 | ||||||||||||||||||||||||||||||||
Formerra, LLC | Formerra, LLC | First lien senior secured delayed draw term loan | 211 | 211 | ||||||||||||||||||||||||||||||||||||
Formerra, LLC | Formerra, LLC | First lien senior secured revolving loan | 321 | 526 | ||||||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC | Fortis Solutions Group, LLC | First lien senior secured delayed draw term loan | 2,260 | 19,678 | Fortis Solutions Group, LLC | First lien senior secured delayed draw term loan | — | 191 | ||||||||||||||||||||||||||||||||
Fortis Solutions Group, LLC | Fortis Solutions Group, LLC | First lien senior secured revolving loan | 6,297 | 6,747 | Fortis Solutions Group, LLC | First lien senior secured revolving loan | 5,847 | 5,848 | ||||||||||||||||||||||||||||||||
Fullsteam Operations, LLC | Fullsteam Operations, LLC | First lien senior secured delayed draw term loan | 54,857 | — | Fullsteam Operations, LLC | First lien senior secured delayed draw term loan | — | 31,894 | ||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C. | Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 791 | 791 | Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 3,182 | 3,182 | ||||||||||||||||||||||||||||||||
Gaylord Chemical Company, L.L.C. | Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 3,182 | 3,182 | Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 791 | 791 | ||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health) | GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured delayed draw term loan | — | 2,789 | GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured delayed draw term loan | 7,600 | 7,600 | ||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health) | GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured delayed draw term loan | 10,000 | — | GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured revolving loan | 1,506 | 1,506 | ||||||||||||||||||||||||||||||||
GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured revolving loan | 1,506 | 1,673 | |||||||||||||||||||||||||||||||||||||
Global Music Rights, LLC | Global Music Rights, LLC | First lien senior secured revolving loan | 7,500 | 7,500 | Global Music Rights, LLC | First lien senior secured revolving loan | 7,500 | 7,500 | ||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc. | GovBrands Intermediate, Inc. | First lien senior secured delayed draw term loan | 870 | 870 | GovBrands Intermediate, Inc. | First lien senior secured delayed draw term loan | 870 | 870 | ||||||||||||||||||||||||||||||||
GovBrands Intermediate, Inc. | GovBrands Intermediate, Inc. | First lien senior secured revolving loan | 636 | 881 | GovBrands Intermediate, Inc. | First lien senior secured revolving loan | 88 | 88 | ||||||||||||||||||||||||||||||||
Granicus, Inc. | Granicus, Inc. | First lien senior secured revolving loan | 76 | 107 | ||||||||||||||||||||||||||||||||||||
Grayshift, LLC | Grayshift, LLC | First lien senior secured revolving loan | 2,419 | 2,419 | ||||||||||||||||||||||||||||||||||||
HAH Group Holding Company LLC (dba Help at Home) | HAH Group Holding Company LLC (dba Help at Home) | First lien senior secured delayed draw term loan | 9,000 | — | ||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group) | Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured revolving loan | 85 | 86 | ||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group) | Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured delayed draw term loan | 7,059 | 9,811 |
Portfolio Company | Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
Granicus, Inc. | First lien senior secured revolving loan | 161 | 161 | |||||||||||||||||||||||||||||||||||||
Granicus, Inc. | First lien senior secured delayed draw term loan | 136 | 136 | |||||||||||||||||||||||||||||||||||||
Grayshift, LLC | First lien senior secured revolving loan | 2,419 | — | |||||||||||||||||||||||||||||||||||||
GS Acquisitionco, Inc. (dba insightsoftware) | First lien senior secured delayed draw term loan | 2,180 | 5,081 | |||||||||||||||||||||||||||||||||||||
Guidehouse Inc. | First lien senior secured revolving loan | — | 7,018 | |||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured revolving loan | 85 | 96 | |||||||||||||||||||||||||||||||||||||
Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured delayed draw term loan | 11,002 | 20,239 | |||||||||||||||||||||||||||||||||||||
Hissho Sushi Merger Sub LLC | Hissho Sushi Merger Sub LLC | First lien senior secured revolving loan | 8,162 | — | Hissho Sushi Merger Sub LLC | First lien senior secured revolving loan | 8,162 | 6,996 | ||||||||||||||||||||||||||||||||
Hyperion Refinance S.a.r.l (dba Howden Group) | Hyperion Refinance S.a.r.l (dba Howden Group) | First lien senior secured delayed draw term loan | — | 92,823 | ||||||||||||||||||||||||||||||||||||
Ideal Image Development, LLC | Ideal Image Development, LLC | First lien senior secured delayed draw term loan | 732 | — | Ideal Image Development, LLC | First lien senior secured delayed draw term loan | 732 | 732 | ||||||||||||||||||||||||||||||||
Ideal Image Development, LLC | Ideal Image Development, LLC | First lien senior secured revolving loan | 915 | — | Ideal Image Development, LLC | First lien senior secured revolving loan | — | 915 | ||||||||||||||||||||||||||||||||
IG Investments Holdings, LLC (dba Insight Global) | IG Investments Holdings, LLC (dba Insight Global) | First lien senior secured revolving loan | 3,613 | 1,806 | IG Investments Holdings, LLC (dba Insight Global) | First lien senior secured revolving loan | 3,613 | 2,168 | ||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc. | IMO Investor Holdings, Inc. | First lien senior secured delayed draw term loan | 4,963 | — | IMO Investor Holdings, Inc. | First lien senior secured delayed draw term loan | 4,963 | 4,963 | ||||||||||||||||||||||||||||||||
IMO Investor Holdings, Inc. | IMO Investor Holdings, Inc. | First lien senior secured revolving loan | 2,184 | — | IMO Investor Holdings, Inc. | First lien senior secured revolving loan | 1,514 | 2,010 | ||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group) | Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured delayed draw term loan | 31,750 | — | Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured delayed draw term loan | — | 31,750 | ||||||||||||||||||||||||||||||||
Indigo Buyer, Inc. (dba Inovar Packaging Group) | Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured revolving loan | 10,583 | — | Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured revolving loan | 10,583 | 10,583 | ||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC | Individual Foodservice Holdings, LLC | First lien senior secured delayed draw term loan | 22,995 | — | Individual Foodservice Holdings, LLC | First lien senior secured revolving loan | 83 | 83 | ||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC | Individual Foodservice Holdings, LLC | First lien senior secured delayed draw term loan | — | 14,861 | Individual Foodservice Holdings, LLC | First lien senior secured delayed draw term loan | 14,393 | 18,414 | ||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC | Individual Foodservice Holdings, LLC | First lien senior secured delayed draw term loan | — | 29 | Individual Foodservice Holdings, LLC | First lien senior secured delayed draw term loan | 8,048 | 8,048 | ||||||||||||||||||||||||||||||||
Individual Foodservice Holdings, LLC | First lien senior secured revolving loan | 83 | 80 | |||||||||||||||||||||||||||||||||||||
Inovalon Holdings, Inc. | First lien senior secured delayed draw term loan | 8,469 | 8,469 | |||||||||||||||||||||||||||||||||||||
Intelerad Medical Systems Inc. | Intelerad Medical Systems Inc. | First lien senior secured revolving loan | 401 | 401 | Intelerad Medical Systems Inc. | First lien senior secured revolving loan | — | 1 | ||||||||||||||||||||||||||||||||
Interoperability Bidco, Inc. (dba Lyniate) | Interoperability Bidco, Inc. (dba Lyniate) | First lien senior secured revolving loan | 3,478 | — | Interoperability Bidco, Inc. (dba Lyniate) | First lien senior secured revolving loan | 4,213 | 1,739 | ||||||||||||||||||||||||||||||||
Kaseya Inc. | Kaseya Inc. | First lien senior secured delayed draw term loan | 4,342 | — | Kaseya Inc. | First lien senior secured delayed draw term loan | 4,342 | 4,342 | ||||||||||||||||||||||||||||||||
Kaseya Inc. | Kaseya Inc. | First lien senior secured revolving loan | 4,342 | — | Kaseya Inc. | First lien senior secured revolving loan | 4,342 | 4,342 | ||||||||||||||||||||||||||||||||
KBP Brands, LLC | KBP Brands, LLC | First lien senior secured delayed draw term loan | 3,416 | — | KBP Brands, LLC | First lien senior secured delayed draw term loan | 743 | 743 | ||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky) | KPSKY Acquisition, Inc. (dba BluSky) | First lien senior secured delayed draw term loan | 16,625 | — | KPSKY Acquisition, Inc. (dba BluSky) | First lien senior secured delayed draw term loan | 14,488 | 16,625 | ||||||||||||||||||||||||||||||||
KPSKY Acquisition, Inc. (dba BluSky) | First lien senior secured delayed draw term loan | — | 4,372 | |||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions) | KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured delayed draw term loan | 8,748 | — | KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured revolving loan | 1,870 | 3,415 | ||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions) | KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured delayed draw term loan | 8,748 | 8,748 | ||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp. | Lignetics Investment Corp. | First lien senior secured delayed draw term loan | — | 9,559 | ||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp. | Lignetics Investment Corp. | First lien senior secured revolving loan | 5,353 | 4,588 | ||||||||||||||||||||||||||||||||||||
ManTech International Corporation | ManTech International Corporation | First lien senior secured delayed draw term loan | 3,360 | 3,360 | ||||||||||||||||||||||||||||||||||||
ManTech International Corporation | ManTech International Corporation | First lien senior secured revolving loan | 1,806 | 1,806 | ||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber) | Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured delayed draw term loan | 28,401 | 28,401 | ||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber) | Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured revolving loan | 8,038 | 8,038 | ||||||||||||||||||||||||||||||||||||
Medline Borrower, LP | Medline Borrower, LP | First lien senior secured revolving loan | 2,020 | 2,020 | ||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group) | MHE Intermediate Holdings, LLC (dba OnPoint Group) | First lien senior secured revolving loan | 3,071 | 3,071 | ||||||||||||||||||||||||||||||||||||
Milan Laser Holdings LLC | Milan Laser Holdings LLC | First lien senior secured revolving loan | 1,765 | 1,765 |
Portfolio Company | Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured revolving loan | 2,424 | 3,073 | |||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp. | First lien senior secured delayed draw term loan | 9,559 | 9,559 | |||||||||||||||||||||||||||||||||||||
Lignetics Investment Corp. | First lien senior secured revolving loan | 1,338 | 9,559 | |||||||||||||||||||||||||||||||||||||
ManTech International Corporation | First lien senior secured delayed draw term loan | 3,360 | — | |||||||||||||||||||||||||||||||||||||
ManTech International Corporation | First lien senior secured revolving loan | 1,524 | — | |||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured delayed draw term loan | 28,401 | — | |||||||||||||||||||||||||||||||||||||
Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured revolving loan | 8,038 | — | |||||||||||||||||||||||||||||||||||||
Medline Borrower, LP | First lien senior secured revolving loan | 2,020 | 2,020 | |||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group) | First lien senior secured delayed draw term loan | — | 2,264 | |||||||||||||||||||||||||||||||||||||
MHE Intermediate Holdings, LLC (dba OnPoint Group) | First lien senior secured revolving loan | 3,571 | 3,571 | |||||||||||||||||||||||||||||||||||||
Milan Laser Holdings LLC | First lien senior secured revolving loan | 1,765 | 1,765 | |||||||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC. | Ministry Brands Holdings, LLC. | First lien senior secured delayed draw term loan | 15,819 | 15,819 | Ministry Brands Holdings, LLC. | First lien senior secured delayed draw term loan | 13,822 | 15,819 | ||||||||||||||||||||||||||||||||
Ministry Brands Holdings, LLC. | Ministry Brands Holdings, LLC. | First lien senior secured revolving loan | 4,746 | 4,746 | Ministry Brands Holdings, LLC. | First lien senior secured revolving loan | 3,559 | 2,373 | ||||||||||||||||||||||||||||||||
Mitnick Corporate Purchaser, Inc. | Mitnick Corporate Purchaser, Inc. | First lien senior secured revolving loan | 9,375 | — | Mitnick Corporate Purchaser, Inc. | First lien senior secured revolving loan | 6,213 | 8,713 | ||||||||||||||||||||||||||||||||
Natural Partners, LLC | Natural Partners, LLC | First lien senior secured revolving loan | 5,063 | — | Natural Partners, LLC | First lien senior secured revolving loan | 5,063 | 5,063 | ||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants) | NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured revolving loan | 558 | 558 | NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured delayed draw term loan | 1,039 | 1,039 | ||||||||||||||||||||||||||||||||
NMI Acquisitionco, Inc. (dba Network Merchants) | NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured delayed draw term loan | 1,375 | 1,375 | NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured revolving loan | 558 | 558 | ||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group) | Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured delayed draw term loan | 3,521 | 8,803 | Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured delayed draw term loan | 3,521 | 3,521 | ||||||||||||||||||||||||||||||||
Notorious Topco, LLC (dba Beauty Industry Group) | Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured revolving loan | 5,282 | 4,401 | Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured revolving loan | 4,225 | 4,401 | ||||||||||||||||||||||||||||||||
OAC Holdings I Corp. (dba Omega Holdings) | OAC Holdings I Corp. (dba Omega Holdings) | First lien senior secured revolving loan | 1,507 | — | OAC Holdings I Corp. (dba Omega Holdings) | First lien senior secured revolving loan | 478 | 1,139 | ||||||||||||||||||||||||||||||||
OB Hospitalist Group, Inc. | OB Hospitalist Group, Inc. | First lien senior secured revolving loan | 6,394 | 7,140 | OB Hospitalist Group, Inc. | First lien senior secured revolving loan | 4,902 | 5,222 | ||||||||||||||||||||||||||||||||
Ocala Bidco, Inc. | Ocala Bidco, Inc. | First lien senior secured delayed draw term loan | 8,469 | 8,469 | ||||||||||||||||||||||||||||||||||||
Ole Smoky Distillery, LLC | Ole Smoky Distillery, LLC | First lien senior secured revolving loan | 3,302 | — | Ole Smoky Distillery, LLC | First lien senior secured revolving loan | 3,302 | 3,302 | ||||||||||||||||||||||||||||||||
Oranje Holdco, Inc. (dba KnowBe4) | Oranje Holdco, Inc. (dba KnowBe4) | First lien senior secured revolving loan | 10,148 | — | ||||||||||||||||||||||||||||||||||||
Pacific BidCo Inc. | Pacific BidCo Inc. | First lien senior secured delayed draw term loan | 17,905 | — | Pacific BidCo Inc. | First lien senior secured delayed draw term loan | 17,905 | 17,906 | ||||||||||||||||||||||||||||||||
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.) | Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.) | First lien senior secured revolving loan | 88 | 88 | Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.) | First lien senior secured revolving loan | 88 | 70 | ||||||||||||||||||||||||||||||||
PCF Holdco, LLC (dba PCF Insurance Services) | PCF Holdco, LLC (dba PCF Insurance Services) | Preferred equity | 8,740 | — | ||||||||||||||||||||||||||||||||||||
Pediatric Associates Holding Company, LLC | Pediatric Associates Holding Company, LLC | First lien senior secured delayed draw term loan | 1,776 | — | Pediatric Associates Holding Company, LLC | First lien senior secured delayed draw term loan | 533 | 1,776 | ||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | First lien senior secured delayed draw term loan | 15,995 | — | Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | First lien senior secured delayed draw term loan | — | 8,891 | ||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | First lien senior secured delayed draw term loan | — | 3,627 | Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | First lien senior secured revolving loan | 2,570 | 2,570 | ||||||||||||||||||||||||||||||||
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) | First lien senior secured revolving loan | 2,570 | 2,570 | |||||||||||||||||||||||||||||||||||||
Ping Identity Holding Corp. | Ping Identity Holding Corp. | First lien senior secured revolving loan | 2,182 | 2,182 | ||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup) | Plasma Buyer LLC (dba Pathgroup) | First lien senior secured delayed draw term loan | 28,553 | 28,553 | ||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup) | Plasma Buyer LLC (dba Pathgroup) | First lien senior secured revolving loan | 12,237 | 12,237 | ||||||||||||||||||||||||||||||||||||
Pluralsight, LLC | Pluralsight, LLC | First lien senior secured revolving loan | 196 | 196 | ||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC | PPV Intermediate Holdings, LLC | First lien senior secured revolving loan | 11,854 | 8,653 | ||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC | PPV Intermediate Holdings, LLC | First lien senior secured delayed draw term loan | 6,716 | 19,248 | ||||||||||||||||||||||||||||||||||||
QAD Inc. | QAD Inc. | First lien senior secured revolving loan | 6,000 | 6,000 | ||||||||||||||||||||||||||||||||||||
Quva Pharma, Inc. | Quva Pharma, Inc. | First lien senior secured revolving loan | 155 | 236 | ||||||||||||||||||||||||||||||||||||
Relativity ODA LLC | Relativity ODA LLC | First lien senior secured revolving loan | 435 | 435 | ||||||||||||||||||||||||||||||||||||
Sailpoint Technologies Holdings, Inc. | Sailpoint Technologies Holdings, Inc. | First lien senior secured revolving loan | 5,718 | 5,718 |
Portfolio Company | Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup) | First lien senior secured delayed draw term loan | 28,553 | — | |||||||||||||||||||||||||||||||||||||
Plasma Buyer LLC (dba Pathgroup) | First lien senior secured revolving loan | 12,237 | — | |||||||||||||||||||||||||||||||||||||
Pluralsight, LLC | First lien senior secured revolving loan | 392 | 392 | |||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC | First lien senior secured revolving loan | 11,854 | — | |||||||||||||||||||||||||||||||||||||
PPV Intermediate Holdings, LLC | First lien senior secured delayed draw term loan | 31,569 | — | |||||||||||||||||||||||||||||||||||||
QAD Inc. | First lien senior secured revolving loan | 6,000 | 6,000 | |||||||||||||||||||||||||||||||||||||
Quva Pharma, Inc. | First lien senior secured revolving loan | 255 | 455 | |||||||||||||||||||||||||||||||||||||
Refresh Parent Holdings, Inc. | First lien senior secured delayed draw term loan | — | 11 | |||||||||||||||||||||||||||||||||||||
Refresh Parent Holdings, Inc. | First lien senior secured delayed draw term loan | — | 10,667 | |||||||||||||||||||||||||||||||||||||
Refresh Parent Holdings, Inc. | First lien senior secured revolving loan | — | 92 | |||||||||||||||||||||||||||||||||||||
Relativity ODA LLC | First lien senior secured revolving loan | 435 | 435 | |||||||||||||||||||||||||||||||||||||
Sailpoint Technologies Holdings, Inc. | First lien senior secured revolving loan | 5,718 | — | |||||||||||||||||||||||||||||||||||||
Securonix, Inc. | Securonix, Inc. | First lien senior secured revolving loan | 5,339 | — | Securonix, Inc. | First lien senior secured revolving loan | 5,339 | 5,339 | ||||||||||||||||||||||||||||||||
Simplisafe Holding Corporation | Simplisafe Holding Corporation | First lien senior secured delayed draw term loan | 16,049 | — | Simplisafe Holding Corporation | First lien senior secured delayed draw term loan | 16,049 | 16,049 | ||||||||||||||||||||||||||||||||
Smarsh Inc. | Smarsh Inc. | First lien senior secured delayed draw term loan | 20,762 | — | Smarsh Inc. | First lien senior secured delayed draw term loan | 10,381 | 10,381 | ||||||||||||||||||||||||||||||||
Smarsh Inc. | Smarsh Inc. | First lien senior secured revolving loan | 5,190 | — | Smarsh Inc. | First lien senior secured revolving loan | 664 | 5,190 | ||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC | Southern Air & Heat Holdings, LLC | First lien senior secured delayed draw term loan | 799 | 1,052 | Southern Air & Heat Holdings, LLC | First lien senior secured delayed draw term loan | 124 | 315 | ||||||||||||||||||||||||||||||||
Southern Air & Heat Holdings, LLC | Southern Air & Heat Holdings, LLC | First lien senior secured revolving loan | 203 | 282 | Southern Air & Heat Holdings, LLC | First lien senior secured revolving loan | 203 | 203 | ||||||||||||||||||||||||||||||||
Sovos Compliance, LLC | First lien senior secured delayed draw term loan | — | 1,104 | |||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC | Spotless Brands, LLC | First lien senior secured delayed draw term loan | 2,630 | — | Spotless Brands, LLC | First lien senior secured revolving loan | 1,169 | 1,461 | ||||||||||||||||||||||||||||||||
Spotless Brands, LLC | First lien senior secured delayed draw term loan | 3,683 | — | |||||||||||||||||||||||||||||||||||||
Spotless Brands, LLC | First lien senior secured revolving loan | 403 | — | |||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured revolving loan | 825 | — | |||||||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen) | SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured revolving loan | 569 | — | SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured revolving loan | 2,371 | 3,626 | ||||||||||||||||||||||||||||||||
SWK BUYER, Inc. (dba Stonewall Kitchen) | SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured delayed draw term loan | 13,947 | — | SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured delayed draw term loan | 13,947 | 13,947 | ||||||||||||||||||||||||||||||||
Tahoe Finco, LLC | Tahoe Finco, LLC | First lien senior secured revolving loan | 6,279 | 6,279 | Tahoe Finco, LLC | First lien senior secured revolving loan | 6,279 | 6,279 | ||||||||||||||||||||||||||||||||
Tamarack Intermediate, L.L.C. (dba Verisk 3E) | Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured revolving loan | 5,336 | — | Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured revolving loan | 4,455 | 4,388 | ||||||||||||||||||||||||||||||||
TC Holdings, LLC (dba TrialCard) | TC Holdings, LLC (dba TrialCard) | First lien senior secured revolving loan | 7,768 | — | TC Holdings, LLC (dba TrialCard) | First lien senior secured revolving loan | 7,768 | 7,768 | ||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services) | Tempo Buyer Corp. (dba Global Claims Services) | First lien senior secured delayed draw term loan | 10,317 | 10,317 | ||||||||||||||||||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services) | Tempo Buyer Corp. (dba Global Claims Services) | First lien senior secured revolving loan | 3,508 | 4,746 | ||||||||||||||||||||||||||||||||||||
The NPD Group, L.P. | The NPD Group, L.P. | First lien senior secured revolving loan | 12,270 | 12,555 | ||||||||||||||||||||||||||||||||||||
The Shade Store, LLC | The Shade Store, LLC | First lien senior secured revolving loan | 2,045 | 4,909 | ||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions) | Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured revolving loan | 265 | 470 | ||||||||||||||||||||||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions) | Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured delayed draw term loan | 1,306 | 1,306 | ||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C. | Troon Golf, L.L.C. | First lien senior secured delayed draw term loan | 10,000 | 10,000 | ||||||||||||||||||||||||||||||||||||
Troon Golf, L.L.C. | Troon Golf, L.L.C. | First lien senior secured revolving loan | 7,207 | 7,207 | ||||||||||||||||||||||||||||||||||||
Ultimate Baked Goods Midco, LLC | Ultimate Baked Goods Midco, LLC | First lien senior secured revolving loan | 1,750 | 1,475 | ||||||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP | Unified Women's Healthcare, LP | First lien senior secured delayed draw term loan | 1,353 | 3,045 | ||||||||||||||||||||||||||||||||||||
Unified Women's Healthcare, LP | Unified Women's Healthcare, LP | First lien senior secured revolving loan | 8,120 | 8,120 | ||||||||||||||||||||||||||||||||||||
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | First lien senior secured revolving loan | 1,096 | 1,096 | ||||||||||||||||||||||||||||||||||||
Velocity HoldCo III Inc. (dba VelocityEHS) | Velocity HoldCo III Inc. (dba VelocityEHS) | First lien senior secured revolving loan | 113 | 113 | ||||||||||||||||||||||||||||||||||||
Walker Edison Furniture Company LLC | Walker Edison Furniture Company LLC | First lien senior secured delayed draw term loan | 333 | — | ||||||||||||||||||||||||||||||||||||
When I Work, Inc. | When I Work, Inc. | First lien senior secured revolving loan | 3,747 | 4,164 | ||||||||||||||||||||||||||||||||||||
Zendesk, Inc. | Zendesk, Inc. | First lien senior secured delayed draw term loan | 30,080 | 30,080 |
Portfolio Company | Investment | September 30, 2022 | December 31, 2021 | |||||||||||||||||
($ in thousands) | ||||||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services) | First lien senior secured delayed draw term loan | 10,317 | 10,317 | |||||||||||||||||
Tempo Buyer Corp. (dba Global Claims Services) | First lien senior secured revolving loan | 4,849 | 5,159 | |||||||||||||||||
The NPD Group, L.P. | First lien senior secured revolving loan | 14,267 | — | |||||||||||||||||
The Shade Store, LLC | First lien senior secured revolving loan | 6,818 | 6,818 | |||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured revolving loan | 470 | 714 | |||||||||||||||||
Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured delayed draw term loan | 1,306 | 2,041 | |||||||||||||||||
Troon Golf, L.L.C. | First lien senior secured delayed draw term loan | 10,000 | — | |||||||||||||||||
Troon Golf, L.L.C. | First lien senior secured revolving loan | 7,207 | 7,207 | |||||||||||||||||
Ultimate Baked Goods Midco, LLC | First lien senior secured revolving loan | 600 | 950 | |||||||||||||||||
Unified Women's Healthcare, LP | First lien senior secured delayed draw term loan | 5,075 | — | |||||||||||||||||
Unified Women's Healthcare, LP | First lien senior secured revolving loan | 8,120 | — | |||||||||||||||||
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | First lien senior secured revolving loan | 1,096 | 1,078 | |||||||||||||||||
Velocity HoldCo III Inc. (dba VelocityEHS) | First lien senior secured revolving loan | 142 | 142 | |||||||||||||||||
When I Work, Inc. | First lien senior secured revolving loan | 4,164 | 4,164 | |||||||||||||||||
Total Unfunded Portfolio Company Commitments | $ | 1,104,273 | $ | 422,808 |
Portfolio Company | Investment | March 31, 2023 | December 31, 2022 | |||||||||||||||||
($ in thousands) | ||||||||||||||||||||
Zendesk, Inc. | First lien senior secured revolving loan | 12,386 | 12,386 | |||||||||||||||||
Total Unfunded Portfolio Company Commitments | $ | 868,961 | $ | 1,067,317 |
($ in thousands) | ($ in thousands) | Total | Less than 1 year | 1-3 Years | 3-5 Years | After 5 years | ($ in thousands) | Total | Less than 1 year | 1-3 Years | 3-5 Years | After 5 years | ||||||||||||||||||||||||||||||||||||||||||||||
Revolving Credit Facility | Revolving Credit Facility | $ | 323,092 | $ | — | $ | — | $ | 323,092 | $ | — | Revolving Credit Facility | $ | 672,789 | $ | — | $ | — | $ | 672,789 | $ | — | ||||||||||||||||||||||||||||||||||||
SPV Asset Facility I | SPV Asset Facility I | 549,782 | — | — | — | 549,782 | SPV Asset Facility I | 500,430 | — | — | — | 500,430 | ||||||||||||||||||||||||||||||||||||||||||||||
SPV Asset Facility II | SPV Asset Facility II | 1,283,000 | — | — | 1,283,000 | — | SPV Asset Facility II | 1,538,000 | — | — | 1,538,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||
SPV Asset Facility III | SPV Asset Facility III | 555,000 | — | — | 555,000 | — | SPV Asset Facility III | 555,000 | — | — | 555,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||
SPV Asset Facility IV | SPV Asset Facility IV | 465,000 | — | — | — | 465,000 | SPV Asset Facility IV | 465,000 | — | — | — | 465,000 | ||||||||||||||||||||||||||||||||||||||||||||||
ORCIC JV WH | 274,550 | — | 274,550 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||
SPV Asset Facility V | SPV Asset Facility V | 20,000 | — | — | 20,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
CLO VIII | CLO VIII | 290,000 | — | — | — | 290,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
September 2026 Notes | September 2026 Notes | 500,000 | — | — | 500,000 | — | September 2026 Notes | 500,000 | — | — | 500,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||
February 2027 Notes | February 2027 Notes | 350,000 | — | — | 350,000 | — | February 2027 Notes | 350,000 | — | — | 350,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||
September 2027 Notes | September 2027 Notes | 600,000 | — | — | 600,000 | — | September 2027 Notes | 600,000 | — | — | 600,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||
March 2025 Notes | March 2025 Notes | 500,000 | — | 500,000 | — | — | March 2025 Notes | 500,000 | — | 500,000 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||
Total Contractual Obligations | Total Contractual Obligations | $ | 5,400,424 | $ | — | $ | 774,550 | $ | 3,611,092 | $ | 1,014,782 | Total Contractual Obligations | $ | 5,991,219 | $ | — | $ | 500,000 | $ | 4,235,789 | $ | 1,255,430 |
($ in millions) | ($ in millions) | Interest Income | Interest Expense | Net Income(1) | ($ in millions) | Interest Income | Interest Expense(1) | Net Income(2) | ||||||||||||||||||||||||||||||||
Up 300 basis points | Up 300 basis points | $ | 286.4 | $ | (103.5) | $ | 182.9 | Up 300 basis points | $ | 320.4 | $ | (137.9) | $ | 182.5 | ||||||||||||||||||||||||||
Up 200 basis points | Up 200 basis points | $ | 190.9 | $ | (69.0) | $ | 121.9 | Up 200 basis points | $ | 213.6 | $ | (91.9) | $ | 121.7 | ||||||||||||||||||||||||||
Up 100 basis points | Up 100 basis points | $ | 95.5 | $ | (34.5) | $ | 61.0 | Up 100 basis points | $ | 106.8 | $ | (46.0) | $ | 60.8 | ||||||||||||||||||||||||||
Up 50 basis points | Up 50 basis points | $ | 47.7 | $ | (17.3) | $ | 30.4 | Up 50 basis points | $ | 53.4 | $ | (23.0) | $ | 30.4 | ||||||||||||||||||||||||||
Down 50 basis points | Down 50 basis points | $ | (47.7) | $ | 17.3 | $ | (30.4) | Down 50 basis points | $ | (53.4) | $ | 23.0 | $ | (30.4) | ||||||||||||||||||||||||||
Down 100 basis points | Down 100 basis points | $ | (95.5) | $ | 34.5 | $ | (61.0) | Down 100 basis points | $ | (106.8) | $ | 46.0 | $ | (60.8) |
Date of Issuance | Record Date | Number of Shares | Purchase Price | Share Class | ||||||||||||||||||||||
January 27, 2022 | December 31, 2021 | 101,113 | $ | 9.33 | Class S | |||||||||||||||||||||
January 27, 2022 | December 31, 2021 | 39,372 | $ | 9.34 | Class D | |||||||||||||||||||||
January 27, 2022 | December 31, 2021 | 162,804 | $ | 9.34 | Class I | |||||||||||||||||||||
February 23, 2022 | January 31, 2022 | 129,832 | $ | 9.33 | Class S | |||||||||||||||||||||
February 23, 2022 | January 31, 2022 | 44,790 | $ | 9.33 | Class D | |||||||||||||||||||||
February 23, 2022 | January 31, 2022 | 217,387 | $ | 9.34 | Class I | |||||||||||||||||||||
March 24, 2022 | February 28, 2022 | 159,125 | $ | 9.27 | Class S | |||||||||||||||||||||
March 24, 2022 | February 28, 2022 | 72,910 | $ | 9.27 | Class D | |||||||||||||||||||||
March 24, 2022 | February 28, 2022 | 251,493 | $ | 9.28 | Class I | |||||||||||||||||||||
April 25, 2022 | March 31, 2022 | 187,121 | $ | 9.24 | Class S | |||||||||||||||||||||
April 25, 2022 | March 31, 2022 | 80,760 | $ | 9.25 | Class D | |||||||||||||||||||||
April 25, 2022 | March 31, 2022 | 314,683 | $ | 9.26 | Class I | |||||||||||||||||||||
May 24, 2022 | April 30, 2022 | 228,068 | $ | 9.23 | Class S | |||||||||||||||||||||
May 24, 2022 | April 30, 2022 | 87,493 | $ | 9.24 | Class D | |||||||||||||||||||||
May 24, 2022 | April 30, 2022 | 380,845 | $ | 9.25 | Class I | |||||||||||||||||||||
June 23, 2022 | May 31, 2022 | 269,369 | $ | 9.02 | Class S | |||||||||||||||||||||
June 23, 2022 | May 31, 2022 | 93,375 | $ | 9.04 | Class D | |||||||||||||||||||||
June 23, 2022 | May 31, 2022 | 472,034 | $ | 9.05 | Class I | |||||||||||||||||||||
July 26, 2022 | June 30, 2022 | 308,381 | $ | 8.84 | Class S | |||||||||||||||||||||
July 26, 2022 | June 30, 2022 | 101,813 | $ | 8.86 | Class D | |||||||||||||||||||||
July 26, 2022 | June 30, 2022 | 552,845 | $ | 8.88 | Class I | |||||||||||||||||||||
August 24, 2022 | July 31, 2022 | 354,185 | $ | 9.02 | Class S | |||||||||||||||||||||
August 24, 2022 | July 31, 2022 | 117,338 | $ | 9.04 | Class D | |||||||||||||||||||||
August 24, 2022 | July 31, 2022 | 654,943 | $ | 9.06 | Class I | |||||||||||||||||||||
September 26, 2022 | August 31, 2022 | 375,369 | $ | 9.09 | Class S | |||||||||||||||||||||
September 26, 2022 | August 31, 2022 | 120,703 | $ | 9.09 | Class D | |||||||||||||||||||||
September 26, 2022 | August 31, 2022 | 714,263 | $ | 9.11 | Class I |
Date of Issuance | Record Date | Number of Shares | Purchase Price | Share Class | ||||||||||||||||||||||
February 24, 2023 | January 31, 2023 | 687,028 | $ | 9.24 | Class S | |||||||||||||||||||||
February 24, 2023 | January 31, 2023 | 204,137 | $ | 9.25 | Class D | |||||||||||||||||||||
February 24, 2023 | January 31, 2023 | 1,232,682 | $ | 9.26 | Class I | |||||||||||||||||||||
March 23, 2023 | February 28, 2023 | 541,897 | $ | 9.23 | Class S | |||||||||||||||||||||
March 23, 2023 | February 28, 2023 | 161,442 | $ | 9.24 | Class D | |||||||||||||||||||||
March 23, 2023 | February 28, 2023 | 982,289 | $ | 9.26 | Class I | |||||||||||||||||||||
April 26, 2023 | March 31, 2023 | 550,369 | $ | 9.21 | Class S | |||||||||||||||||||||
April 26, 2023 | March 31, 2023 | 171,791 | $ | 9.22 | Class D | |||||||||||||||||||||
April 26, 2023 | March 31, 2023 | 1,033,295 | $ | 9.24 | Class I |
Offer Date | Class | Tender Offer Expiration | Tender Offer | Purchase Price per Share | Shares Repurchased | |||||||||||||||||||||||||||
February 28, 2023 | S | March 31, 2023 | $ | 21,643 | $ | 9.21 | 2,349,994 | |||||||||||||||||||||||||
February 28, 2023 | D | March 31, 2023 | $ | 3,453 | $ | 9.22 | 374,566 | |||||||||||||||||||||||||
February 28, 2023 | I | March 31, 2023 | $ | 68,024 | $ | 9.24 | 7,361,842 |
Exhibit Number | Description of Exhibits | |||||||
3.1 | ||||||||
3.2 | ||||||||
10.2 | ||||||||
31.2* | ||||||||
32.1** | ||||||||
32.2** | ||||||||
101.INS | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document | |||||||
101.SCH | Inline XBRL Taxonomy Extension Schema Document | |||||||
101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | |||||||
101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | |||||||
101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | |||||||
101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | |||||||
104.0 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
Owl Rock Core Income Corp. | |||||||||||
Date: | By: | /s/ Craig W. Packer | |||||||||
Craig W. Packer | |||||||||||
Chief Executive Officer | |||||||||||
Date: | By: | /s/ Bryan Cole | |||||||||
Bryan Cole | |||||||||||
Chief Operating Officer and Chief Financial Officer |