Cliffwater Corporate Lending Fund (CCLFX) NPORT-P Cliffwater Corporate Lending Fund (Dec 2024 report)

Cliffwater Corporate Lending Fund

Consolidated Schedule of Investments

As of December 31, 2024 (Unaudited)

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Senior Secured Loans — 82.2%
Business Services — 8.8%
Accordion Partners LLC	Delayed Draw	1.00%			11/15/2031	USD		8,478,261	$	(84,011	)	$	(82,016	)	1,2,3
Accordion Partners LLC	First Lien Term Loan	9.58%	SOFR	525	11/15/2031	USD		49,869,565		49,377,196			49,387,145		1,3,4
Accordion Partners LLC	Revolver	0.50%			11/15/2031	USD		5,652,174		(55,495	)		(54,677	)	1,2,3
Actium Midco 3 (UK) Limited	Delayed Draw	1.00%			8/29/2031	GBP		546,809		290,734			264,157		1,2,3,5
Actium Midco 3 (UK) Limited	First Lien Term Loan	10.20%	SONIA	525	8/29/2031	GBP		2,535,513		3,274,239			3,118,605		1,3,4,5
Alert SRC Newco LLC	Delayed Draw	1.00%			12/11/2030	USD		1,307,948		(19,528	)		(19,619	)	1,2,3
Alert SRC Newco LLC	First Lien Term Loan	9.45%	SOFR	500	12/11/2030	USD		4,054,638		3,994,233			3,993,818		1,3,4
Alert SRC Newco LLC	Revolver	0.50%			12/11/2030	USD		392,384		(5,830	)		(5,886	)	1,2,3
ALKU Intermediate Holdings, LLC	First Lien Term Loan	10.50%	SOFR	625	5/23/2029	USD		22,275,000		21,831,310			22,171,850		1,3,4
ALKU Intermediate Holdings, LLC	First Lien Term Loan	9.75%	SOFR	550	5/23/2029	USD		2,462,625		2,419,638			2,438,648		1,3,4
AMCP Clean Acquisition Company, LLC	Delayed Draw	1.00%			6/15/2028	USD		840,790		(8,270	)		(8,237	)	1,2,3,6
Amerit Fleet Solutions	Revolver	11.75%	PRIME	525	12/17/2029	USD		1,250,000		1,240,684			1,240,625		1,3,4
Amerit Fleet Solutions	Revolver	9.63%	SOFR	525	12/17/2029	USD		1,033,333		1,025,620			1,025,583		1,3,4
Amerit Fleet Solutions	Revolver	0.50%			12/17/2029	USD		1,883,333		(14,056	)		(14,125	)	1,2,3
Amerit Fleet Solutions	First Lien Term Loan	9.63%	SOFR	525	12/17/2031	USD		45,833,333		45,490,402			45,489,583		1,3,4
Any Hour, LLC	Delayed Draw	9.33%	SOFR	500	5/23/2030	USD		7,612,367		628,377			707,575		1,3,4,7
Any Hour, LLC	First Lien Term Loan	9.33%	SOFR	500	5/23/2030	USD		26,013,483		25,652,636			25,757,890		1,3,4
Any Hour, LLC	Revolver	9.36%	SOFR	500	5/23/2030	USD		3,807,108		2,803,467			2,817,923		1,3,4,7
Applied Technical Services, LLC	Delayed Draw	10.23%	SOFR	575	12/29/2026	USD		11,039,208		10,717,382			10,774,334		1,3,4,7
Applied Technical Services, LLC	First Lien Term Loan	10.23%	SOFR	575	12/29/2026	USD		9,830,088		9,721,919			9,653,230		1,3,4
Applied Technical Services, LLC	Revolver	13.25%	PRIME	475	12/29/2026	USD		1,637,986		1,440,767			1,419,155		1,3,4,7
AQ Carver Buyer, Inc.	First Lien Term Loan	10.19%	SOFR	550	8/2/2029	USD		29,700,000		29,205,587			29,788,209		1,3,4
Archer Acquisition, LLC	Delayed Draw	9.41%	SOFR	500	10/6/2029	USD		4,335,758		309,667			311,238		1,3,4,7
Archer Acquisition, LLC	First Lien Term Loan	9.43%	SOFR	500	10/6/2029	USD		12,838,553		12,673,971			12,737,973		1,3,4
Archer Acquisition, LLC	Revolver	0.50%			10/6/2029	USD		261,174		(3,918	)		(2,046	)	1,2,3
Ares Holdings LLC	First Lien Term Loan	9.34%	SOFR	500	11/18/2027	USD		1,609,274		1,594,480			1,603,272		1,3,4,6
Ares Holdings LLC	Revolver	11.75%	PRIME	500	11/18/2027	USD		112,702		111,669			112,282		1,3,4,6
Ares Holdings LLC	Revolver	9.40%	SOFR	500	11/18/2027	USD		10,143		10,050			10,105		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Ares Holdings LLC	Revolver	0.50%			11/18/2027	USD		891,476	$	(8,075	)	$	(3,325	)	1,2,3,6
ATIS Acquisition, Inc.	Delayed Draw	9.08%	SOFR	475	9/24/2030	USD		3,695,652		148,860			151,902		1,3,4,6,7
ATIS Acquisition, Inc.	First Lien Term Loan	9.08%	SOFR	475	9/24/2030	USD		3,695,652		3,651,007			3,653,533		1,3,4,6
ATIS Acquisition, Inc.	Revolver	0.50%			9/24/2030	USD		1,108,696		(13,239	)		(12,636	)	1,2,3,6
Auxey Bidco Limited	First Lien Term Loan	10.37%	SOFR	600	6/29/2027	USD		14,887,500		14,667,501			14,660,551		1,3,4
AVSC Holding Corp.	Revolver	9.53%	SOFR	500	12/5/2029	USD		1,900,992		266,377			266,139		1,3,4,6,7
AVSC Holding Corp.	Revolver	9.36%	SOFR	500	12/5/2029	USD		240,543		33,744			33,676		1,3,4,7
AVSC Holding Corp.	First Lien Term Loan	9.53%	SOFR	500	12/5/2031	USD		16,047,726		15,727,789			15,726,771		1,3,4,6
AVSC Holding Corp.	First Lien Term Loan	9.36%	SOFR	500	12/5/2031	USD		2,060,799		2,019,877			2,019,583		1,3,4
AWP Group Holdings, Inc.	Revolver	9.93%	SOFR	550	12/22/2026	USD		235,294		232,066			234,393		1,3,4
AWP Group Holdings, Inc.	Revolver	9.93%	SOFR	550	12/22/2026	USD		211,765		208,892			210,954		1,3,4
AWP Group Holdings, Inc.	Revolver	9.09%	SOFR	475	12/22/2026	USD		3,592,570		2,362,217			2,359,392		1,3,4,7
AWP Group Holdings, Inc.	Delayed Draw	9.11%	SOFR	475	12/22/2027	USD		14,533,800		9,689,938			9,795,923		1,3,4,7
AWP Group Holdings, Inc.	First Lien Term Loan	9.11%	SOFR	475	12/22/2027	USD		17,097,810		16,846,626			17,032,327		1,3,4
AWP Group Holdings, Inc.	Delayed Draw	9.11%	SOFR	475	12/23/2030	USD		29,394,840		15,803,768			15,790,524		1,3,4,7
AWP Group Holdings, Inc.	First Lien Term Loan	9.11%	SOFR	475	12/23/2030	USD		29,809,590		29,624,290			29,695,423		1,3,4
AWP Group Holdings, Inc.	Revolver	0.50%			12/23/2030	USD		9,535,604		-			(36,520	)	1,2,3
AWP Group Holdings, Inc.	Delayed Draw	9.20%	SOFR	475	12/23/2030	USD		1,271,416		1,259,034			1,266,547		1,3,4,6
AWP Group Holdings, Inc.	Delayed Draw	9.19%	SOFR	475	12/23/2030	USD		1,271,416		1,259,038			1,266,547		1,3,4,6
AWP Group Holdings, Inc.	Delayed Draw	9.11%	SOFR	475	12/23/2030	USD		2,925,623		656,982			674,294		1,3,4,6,7
AWP Group Holdings, Inc.	First Lien Term Loan	9.11%	SOFR	475	12/23/2030	USD		1,367,114		1,353,924			1,361,878		1,3,4,6
AWP Group Holdings, Inc.	Revolver	10.25%	SOFR	550	12/24/2029	USD		82,353		81,218			82,038		1,3,4
AWP Group Holdings, Inc.	Revolver	9.93%	SOFR	550	12/24/2029	USD		105,882		104,408			105,477		1,3,4
AWP Group Holdings, Inc.	Revolver	0.50%			12/24/2029	USD		482,353		75,954			80,506		1,3,7
AWT Holding, Inc.	Delayed Draw	1.00%			12/17/2027	USD		1,346,683		(20,232	)		-		1,2,3
AWT Holding, Inc.	First Lien Term Loan	10.06%	SOFR	575	12/17/2027	USD		808,010		795,576			808,010		1,3,4
AWT Holding, Inc.	Revolver	0.50%			12/17/2027	USD		134,668		(2,021	)		-		1,2,3
BC Group Holdings, Inc.	First Lien Term Loan	9.33%	SOFR	500	12/21/2026	USD		1,116,381		1,099,726			1,106,406		1,3,4,6
Benecon Midco II LLC	First Lien Term Loan	9.57%	SOFR	550	1/23/2031	USD		74,812,500		73,796,390			74,812,500		1,3,4
Benecon Midco II LLC	Revolver	10.09%	SOFR	525	1/23/2031	USD		6,500,000		727,696			812,500		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Bingo Group Buyer, Inc.	Delayed Draw	1.00%			7/10/2031	USD		1,521,000	$	(18,423	)	$	(8,020	)	1,2,3
Bingo Group Buyer, Inc.	First Lien Term Loan	9.33%	SOFR	500	7/10/2031	USD		4,913,000		4,854,323			4,868,898		1,3,4
Bingo Group Buyer, Inc.	Revolver	9.33%	SOFR	500	7/10/2031	USD		585,000		4,600			4,745		1,3,4,7
BSC Top Shelf Blocker, LLC	First Lien Term Loan	9.58%	SOFR	525	6/28/2029	USD		2,112,000		2,077,973			2,075,040		1,3,4
BSC Top Shelf Blocker, LLC	Revolver	0.50%			6/28/2029	USD		294,500		(4,631	)		(5,154	)	1,2,3
Cards Acquisition, Inc.	Delayed Draw	1.00%			8/12/2029	USD		5,583,456		(96,860	)		(111,670	)	1,2,3
Cards Acquisition, Inc.	First Lien Term Loan	9.58%	SOFR	525	8/12/2029	USD		9,677,992		9,541,452			9,484,432		1,3,4
Cards Acquisition, Inc.	Revolver	12.75%	PRIME	425	8/12/2029	USD		2,069,694		1,290,695			1,285,284		1,3,4,7
CGI Parent, LLC	First Lien Term Loan	9.15%	SOFR	450	2/14/2028	USD		19,311,583		19,028,660			19,311,583		1,3,4
CL Services Acquisition, LLC	Delayed Draw	1.00%			4/25/2028	USD		1,108,000		(18,594	)		(22,160	)	1,2,3
Cobalt Service Partners, LLC	Delayed Draw	9.08%	SOFR	475	10/11/2031	USD		26,470,588		1,015,347			1,027,940		1,3,4,7
Cobalt Service Partners, LLC	First Lien Term Loan	9.08%	SOFR	475	10/11/2031	USD		8,529,412		8,446,014			8,449,519		1,3,4
Cobalt Service Partners, LLC	Revolver	0.50%			10/11/2031	USD		3,176,471		(30,764	)		(29,753	)	1,2,3
Community Management Holdings Midco 2, LLC	Delayed Draw	1.00%			11/1/2031	USD		2,700,000		(40,022	)		(38,523	)	1,2,3
Community Management Holdings Midco 2, LLC	First Lien Term Loan	9.57%	SOFR	500	11/1/2031	USD		6,750,000		6,650,394			6,653,692		1,3,4
Community Management Holdings Midco 2, LLC	Revolver	9.57%	SOFR	500	11/1/2031	USD		315,000		310,317			310,506		1,3,4
Community Management Holdings Midco 2, LLC	Revolver	0.50%			11/1/2031	USD		810,000		(11,864	)		(11,557	)	1,2,3
Coolsys, Inc.	Delayed Draw	9.47%	SOFR	500	8/11/2028	USD		78,703,704		74,631,609			74,625,587		1,3,4,7
Coolsys, Inc.	First Lien Term Loan	9.47%	SOFR	500	8/11/2028	USD		25,703,704		25,304,107			25,294,148		1,3,4
Coretrust Purchasing Group LLC	Delayed Draw	1.00%			10/1/2029	USD		7,518,797		(101,875	)		-		1,2,3
Coretrust Purchasing Group LLC	Revolver	0.50%			10/1/2029	USD		4,511,278		(282,824	)		-		1,2,3
CRCI Longhorn Holdings, Inc.	Delayed Draw	1.00%			8/27/2031	USD		19,411,765		(189,421	)		(74,345	)	1,2,3
CRCI Longhorn Holdings, Inc.	Delayed Draw	1.00%			8/27/2031	USD		5,301,691		(77,849	)		(20,305	)	1,2,3,6
CRCI Longhorn Holdings, Inc.	First Lien Term Loan	9.36%	SOFR	500	8/27/2031	USD		77,647,059		76,897,574			77,349,679		1,3,4
CRCI Longhorn Holdings, Inc.	First Lien Term Loan	9.36%	SOFR	500	8/27/2031	USD		21,206,766		20,949,723			21,125,546		1,3,4,6
CRCI Longhorn Holdings, Inc.	Revolver	9.36%	SOFR	500	8/27/2031	USD		8,058,824		7,981,125			8,027,959		1,3,4
CRCI Longhorn Holdings, Inc.	Revolver	9.36%	SOFR	500	8/27/2031	USD		2,297,399		2,269,596			2,288,600		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
CRCI Longhorn Holdings, Inc.	Revolver	9.36%	SOFR	500	8/27/2031	USD		588,235	$	582,639		$	585,982		1,3,4
CRCI Longhorn Holdings, Inc.	Revolver	9.36%	SOFR	500	8/27/2031	USD		176,723		174,606			176,046		1,3,4,6
CRCI Longhorn Holdings, Inc.	Revolver	9.34%	SOFR	500	8/27/2031	USD		705,882		699,141			703,179		1,3,4
CRCI Longhorn Holdings, Inc.	Revolver	0.50%			8/27/2031	USD		3,588,235		36,428			56,846		1,3,7
CRCI Longhorn Holdings, Inc.	Revolver	0.50%			8/27/2031	USD		1,060,338		(12,697	)		(4,061	)	1,2,3,6
Crete PA Holdco, LLC	Delayed Draw	1.00%			11/26/2030	USD		1,905,581		(28,354	)		(28,584	)	1,2,3
Crete PA Holdco, LLC	First Lien Term Loan	9.52%	SOFR	500	11/26/2030	USD		1,905,581		1,877,341			1,876,998		1,3,4
Crete PA Holdco, LLC	Revolver	0.50%			11/26/2030	USD		285,837		(4,218	)		(4,288	)	1,2,3
Davidson Hotel Company LLC	Delayed Draw	1.00%			10/31/2031	USD		183,450		(2,719	)		(2,629	)	1,2,3,6
Davidson Hotel Company LLC	First Lien Term Loan	9.34%	SOFR	500	10/31/2031	USD		559,544		551,292			551,526		1,3,4,6
Davidson Hotel Company LLC	Revolver	9.34%	SOFR	500	10/31/2031	USD		95,904		46,543			46,578		1,3,4,6,7
Denali Buyerco LLC	Delayed Draw	9.91%	SOFR	525	9/15/2028	USD		26,822,641		22,467,991			22,830,446		1,3,4,6,7
Denali Buyerco LLC	First Lien Term Loan	9.91%	SOFR	525	9/15/2028	USD		17,170,732		16,948,338			17,170,732		1,3,4,6
Dione Bidco Limited	Delayed Draw	1.80%			11/22/2028	GBP		11,742,750		5,105,853			5,102,221		1,2,3,5
DISA Holdings Corp.	Delayed Draw	9.40%	SOFR	500	9/9/2028	USD		3,436,707		347,523			394,391		1,3,4,6,7
DISA Holdings Corp.	First Lien Term Loan	9.50%	SOFR	500	9/9/2028	USD		4,570,821		4,512,148			4,570,821		1,3,4,6
DISA Holdings Corp.	Revolver	0.50%			9/9/2028	USD		1,145,569		(14,169	)		-		1,2,3,6
DMT Solutions Global Corporation	First Lien Term Loan	12.43%	SOFR	800	8/30/2027	USD		29,576,471		28,933,918			29,011,859		1,3,4
Esquire Deposition Solutions, LLC	Delayed Draw	9.58%	SOFR	525	12/30/2028	USD		1,673,260		1,656,110			1,648,162		1,3,4
Esquire Deposition Solutions, LLC	First Lien Term Loan	9.58%	SOFR	525	12/30/2028	USD		8,533,678		8,438,913			8,405,672		1,3,4
Esquire Deposition Solutions, LLC	Revolver	0.50%			12/30/2028	USD		1,440,042		(18,922	)		(21,600	)	1,2,3
Explorer Investor, Inc.	First Lien Term Loan	10.51%	SOFR	600	6/28/2029	USD		29,387,780		28,313,812			27,842,504		1,3,4
FR Vision Holdings, Inc.	First Lien Term Loan	10.12%	SOFR	550	1/21/2031	USD		2,788,395		2,737,714			2,788,395		1,3,4,6
FR Vision Holdings, Inc.	Revolver	0.50%			1/22/2030	USD		352,951		(6,002	)		-		1,2,3,6
Galileo Parent, Inc.	Revolver	10.08%	SOFR	575	5/3/2029	USD		5,431,620		2,870,999			2,870,999		1,3,4,7
Galileo Parent, Inc.	First Lien Term Loan	10.08%	SOFR	575	5/3/2030	USD		34,568,380		34,568,380			34,568,380		1,3,4
Gerson Lehrman Group, Inc.	First Lien Term Loan	9.73%	SOFR	525	12/13/2027	USD		63,506,069		63,142,586			63,415,426		1,3,4
Gold Medal Holdings, Inc.	Revolver	10.07%	SOFR	575	3/17/2027	USD		18,233		18,078			17,994		1,3,4
Gold Medal Services LLC	Delayed Draw	1.00%			3/17/2027	USD		739,742		(7,044	)		(9,698	)	1,2,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Gold Medal Services LLC	First Lien Term Loan	10.08%	SOFR	575	3/17/2027	USD		2,988,350	$	2,962,156		$	2,949,176		1,3,4
Gold Medal Services LLC	Revolver	10.08%	SOFR	575	3/17/2027	USD		328,200		81,953			80,786		1,3,4,7
Gold Medal Services LLC	Revolver	10.07%	SOFR	575	3/17/2027	USD		18,233		18,042			17,994		1,3,4
HSI Halo Acquisition, Inc.	Delayed Draw	9.36%	SOFR	500	6/30/2031	USD		2,113,248		345,881			363,281		1,3,4,6,7
HSI Halo Acquisition, Inc.	First Lien Term Loan	9.59%	SOFR	500	6/30/2031	USD		11,834,194		11,721,255			11,817,303		1,3,4,6
HSI Halo Acquisition, Inc.	Revolver	0.50%			6/30/2031	USD		1,711,863		(16,030	)		(2,443	)	1,2,3,6
iCIMS, Inc.	First Lien Term Loan	10.38%	SOFR	575	8/18/2028	USD		21,515,977		21,266,387			21,431,419		1,3,4
iCIMS, Inc.	First Lien Term Loan	10.88%	SOFR	625	8/18/2028	USD		10,000,000		9,877,027			9,935,673		1,3,4
iCIMS, Inc.	Revolver	10.34%	SOFR	575	8/18/2028	USD		1,777,142		666,666			659,682		1,3,4,7
IG Investment Holdings, LLC	Revolver	11.75%	PRIME	400	9/22/2027	USD		40,963		40,317			40,559		1,3,4
IG Investment Holdings, LLC	Revolver	11.50%	PRIME	400	9/22/2027	USD		1,065,037		106,097			112,390		1,3,4,7
IG Investment Holdings, LLC	First Lien Term Loan	10.69%	SOFR	600	9/22/2028	USD		9,473,133		9,362,573			9,379,752		1,3,4
IG Investment Holdings, LLC	First Lien Term Loan	10.69%	SOFR	600	9/22/2028	USD		7,176,432		7,139,497			7,105,692		1,3,4,6
IG Investment Holdings, LLC	First Lien Term Loan	9.67%	SOFR	500	9/22/2028	USD		24,049,688		23,925,264			23,812,622		1,3,4
IG Investment Holdings, LLC	First Lien Term Loan	9.57%	SOFR	500	9/22/2028	USD		7,824,783		7,748,364			7,747,651		1,3,4,6
IG Investment Holdings, LLC	Revolver	11.75%	PRIME	400	9/22/2028	USD		1,255,704		77,182			67,070		1,3,4,7
IG Investment Holdings, LLC	Revolver	11.50%	PRIME	400	9/22/2028	USD		878,751		92,354			92,232		1,3,4,6,7
IG Investment Holdings, LLC	Revolver	11.50%	PRIME	400	9/22/2028	USD		322,977		320,562			319,793		1,3,4
IG Investment Holdings, LLC	Revolver	9.51%	SOFR	500	9/22/2028	USD		191,631		190,408			189,742		1,3,4
IG Investment Holdings, LLC	Revolver	0.50%			9/22/2028	USD		3,403,722		(25,665	)		(33,551	)	1,2,3
Innovative Discovery, LLC	First Lien Term Loan	9.11%	SOFR	475	6/30/2027	USD		12,604,306		12,524,599			12,478,264		1,3,4
Innovative Discovery, LLC	Revolver	0.50%			6/30/2027	USD		1,128,000		(8,114	)		(11,280	)	1,2,3
Inovex Information Systems Incorporated	Delayed Draw	1.00%			12/17/2030	USD		3,279,857		(48,872	)		(49,198	)	1,2,3
Inovex Information Systems Incorporated	First Lien Term Loan	9.63%	SOFR	525	12/17/2030	USD		13,689,840		13,485,487			13,484,492		1,3,4
Inovex Information Systems Incorporated	Revolver	8.63%	SOFR	425	12/17/2030	USD		3,030,303		803,324			803,031		1,3,4,7
Java Buyer, Inc.	Delayed Draw	10.32%	SOFR	575	12/15/2027	USD		3,394,898		3,338,376			3,347,573		1,3,4
Java Buyer, Inc.	First Lien Term Loan	10.20%	SOFR	575	12/15/2027	USD		6,427,368		6,320,305			6,337,766		1,3,4
KENG Acquisition, Inc.	Delayed Draw	1.00%			8/1/2029	USD		2,540,323		(36,420	)		(35,190	)	1,2,3
KENG Acquisition, Inc.	Delayed Draw	9.36%	SOFR	500	8/7/2029	USD		9,053,321		3,951,641			3,921,935		1,3,4,7
KENG Acquisition, Inc.	First Lien Term Loan	9.36%	SOFR	500	8/7/2029	USD		11,885,988		11,710,223			11,721,336		1,3,4
KENG Acquisition, Inc.	Revolver	0.50%			8/7/2029	USD		3,266,129		-			(45,244	)	1,2,3
KeyImpact Holdings, Inc.	First Lien Term Loan	11.09%	SOFR	650	1/31/2029	USD		5,280,702		5,167,143			5,280,702		1,3,4
Keystone Partners, LLC	Delayed Draw	9.58%	SOFR	525	10/25/2028	USD		613,000		260,946			260,525		1,3,4,7
Keystone Partners, LLC	First Lien Term Loan	9.88%	SOFR	525	10/25/2028	USD		3,769,950		3,715,503			3,713,401		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Keystone Partners, LLC	Revolver	0.50%			10/25/2028	USD		352,000	$	(5,037	)	$	(5,280	)	1,2,3
Lynx Franchising, LLC	First Lien Term Loan	11.47%	SOFR	675	12/23/2026	USD		4,898,314		4,850,073			4,830,028		1,3,4
Lynx Franchising, LLC	First Lien Term Loan	11.28%	SOFR	675	12/23/2026	USD		5,000,000		4,971,597			4,930,296		1,3,4
Management Consulting & Research, LLC	Delayed Draw	9.28%	SOFR	500	8/16/2027	USD		35,118,131		9,279,883			9,431,463		1,3,4,7
Management Consulting & Research, LLC	First Lien Term Loan	9.28%	SOFR	500	8/16/2027	USD		14,922,043		14,174,539			14,788,095		1,3,4
Management Consulting & Research, LLC	Revolver	9.32%	SOFR	500	8/16/2027	USD		4,077,060		909,547			895,247		1,3,4,7
Marina Acquisition, Inc.	First Lien Term Loan	9.33%	SOFR	500	7/1/2030	USD		10,210,806		10,066,183			10,119,568		1,3,4,6
Marina Acquisition, Inc.	Revolver	12.00%	PRIME	400	7/1/2030	USD		1,458,687		8,913			16,140		1,3,4,6,7
Markon, LLC	Delayed Draw	1.00%			11/5/2030	USD		10,833,333		(53,569	)		(50,836	)	1,2,3
Markon, LLC	First Lien Term Loan	9.05%	SOFR	450	11/5/2030	USD		11,666,667		11,609,289			11,611,921		1,3,4
Markon, LLC	Revolver	0.50%			11/5/2030	USD		2,500,000		(12,221	)		(11,731	)	1,2,3
Marmic Fire & Life Safety Co.	Delayed Draw	9.26%	SOFR	475	7/24/2031	USD		1,038,462		1,028,310			1,028,077		1,3,4
Marmic Fire & Life Safety Co.	Delayed Draw	9.13%	SOFR	475	7/24/2031	USD		188,462		186,613			186,577		1,3,4
Marmic Fire & Life Safety Co.	Delayed Draw	9.09%	SOFR	475	7/24/2031	USD		273,077		270,402			270,346		1,3,4
Marmic Fire & Life Safety Co.	Delayed Draw	9.08%	SOFR	475	7/24/2031	USD		430,769		426,601			426,593		1,3,4
Marmic Fire & Life Safety Co.	Delayed Draw	1.00%			7/24/2031	USD		5,316,667		(51,823	)		(52,381	)	1,2,3
Marmic Fire & Life Safety Co.	First Lien Term Loan	9.27%	SOFR	475	7/24/2031	USD		9,403,846		9,311,145			9,309,808		1,3,4
Marmic Fire & Life Safety Co.	First Lien Term Loan	9.08%	SOFR	475	7/24/2031	USD		1,489,744		1,475,435			1,475,302		1,3,4
Marmic Fire & Life Safety Co.	Revolver	0.50%			7/24/2031	USD		2,602,564		(24,990	)		(25,642	)	1,2,3
McKissock Investment Holdings, LLC	First Lien Term Loan	9.62%	SOFR	500	3/10/2029	USD		24,812,500		24,294,547			24,694,641		1,4
Microstar Logistics	First Lien Term Loan	11.83%	SOFR	750	12/31/2030	USD		8,999,000		8,909,010			8,909,010		1,3,4,6
Onyx-Fire Protection Services, Inc.	Delayed Draw	8.47%	CORRA	450	7/31/2031	CAD		3,149,683		405,047			308,648		1,3,4,5,6,7
Onyx-Fire Protection Services, Inc.	First Lien Term Loan	8.47%	CORRA	450	7/31/2031	CAD		15,748,416		11,397,926			10,914,559		1,3,4,5,6
Onyx-Fire Protection Services, Inc.	Revolver	0.50%			7/31/2031	CAD		4,049,593		(28,048	)		(152,763	)	1,2,3,5,6
Orion Group FM Holdings, LLC	Delayed Draw	10.58%	SOFR	600	6/30/2029	USD		21,670,362		15,771,164			16,025,625		1,3,4,7
Orion Group FM Holdings, LLC	Delayed Draw	1.00%			6/30/2029	USD		23,157,895		(27,138	)		-		1,2,3
Orion Group FM Holdings, LLC	First Lien Term Loan	9.83%	SOFR	550	6/30/2029	USD		28,657,895		28,307,076			28,410,228		1,3,4
Orion Group FM Holdings, LLC	First Lien Term Loan	9.75%	SOFR	550	6/30/2029	USD		2,743,125		2,681,987			2,719,418		1,3,4
Orion Group FM Holdings, LLC	Revolver	9.85%	SOFR	550	6/30/2029	USD		4,342,105		1,007,730			975,633		1,3,4,7
P20 Parent, Inc.	First Lien Term Loan	11.83%	SOFR	750	7/12/2028	USD		34,300,000		33,833,854			33,979,782		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
PAS Parent, Inc.	Revolver	9.11%	SOFR	475	12/30/2027	USD		749,999	$	218,866		$	223,560		1,3,4,7
PAS Parent, Inc.	Delayed Draw	9.11%	SOFR	475	12/30/2028	USD		14,241,267		5,438,738			5,511,774		1,3,4,7
PAS Parent, Inc.	First Lien Term Loan	9.11%	SOFR	475	12/30/2028	USD		2,493,750		2,493,750			2,472,301		1,3,4
Pavion Corp.	Delayed Draw	10.40%	SOFR	575	10/30/2030	USD		3,173,996		2,671,047			2,728,329		1,3,4,6,7
Pavion Corp.	First Lien Term Loan	10.34%	SOFR	575	10/30/2030	USD		13,449,625		13,210,618			13,449,625		1,3,4,6
Polaris Labs Acquisition, LLC	First Lien Term Loan	9.77%	SOFR	525	9/17/2029	USD		844,900		828,753			828,002		1,3,4
Polaris Labs Acquisition, LLC	Revolver	0.50%			9/17/2029	USD		277,500		(5,232	)		(5,550	)	1,2,3
Propio LS LLC	Revolver	11.50%	PRIME	350	7/17/2029	USD		1,989,357		41,271			41,047		1,3,4,6,7
Propio LS, LLC	First Lien Term Loan	8.77%	SOFR	450	7/17/2030	USD		16,096,746		15,940,418			15,945,973		1,3,4,6
RQM Buyer, Inc.	Delayed Draw	6.59%, 4.75% PIK	SOFR	200	8/12/2026	USD		4,593,750		4,593,750			4,398,647		1,3,4,8
RQM Buyer, Inc.	First Lien Term Loan	6.59%, 4.75% PIK	SOFR	200	8/12/2026	USD		28,268,839		28,145,896			27,065,391		1,3,4,8
S4T Holdings Corp.	Delayed Draw	10.47%	SOFR	600	12/27/2026	USD		5,380,600		5,290,898			5,407,503		1,3,4
S4T Holdings Corp.	First Lien Term Loan	10.47%	SOFR	600	12/27/2026	USD		15,003,788		14,897,666			15,078,807		1,3,4
Secret Bidco Limited	Delayed Draw	1.00%			11/28/2030	GBP		2,461,152		1,098,566			1,142,166		1,2,3,5
Secret Bidco Limited	First Lien Term Loan	10.70%	SONIA	600	11/28/2030	GBP		15,623,390		19,300,138			19,558,576		1,3,4,5
Secret Bidco Limited	Revolver	0.50%			11/28/2030	GBP		1,476,691		711,112			685,300		1,2,3,5
Southpaw AP Buyer, LLC	Delayed Draw	9.92%	SOFR	525	3/20/2028	USD		451,389		309,851			313,295		1,3,4,7
Southpaw AP Buyer, LLC	First Lien Term Loan	9.99%	SOFR	550	3/20/2028	USD		5,582,579		5,510,764			5,549,463		1,3,4
Southpaw AP Buyer, LLC	Revolver	0.50%			3/20/2028	USD		451,389		(5,615	)		(2,678	)	1,2,3
The Arcticom Group, LLC	Delayed Draw	7.86%, 4.00% PIK	SOFR	350	12/22/2027	USD		9,267,754		8,882,521			9,239,964		1,3,4,7,8
The Arcticom Group, LLC	Delayed Draw	1.00%			12/22/2027	USD		708,935		(9,356	)		-		1,2,3
The Arcticom Group, LLC	First Lien Term Loan	7.86%, 4.00% PIK	SOFR	350	12/22/2027	USD		4,001,548		3,936,176			4,001,548		1,3,4,8
The Arcticom Group, LLC	Revolver	7.86%, 4.00% PIK	SOFR	350	12/22/2027	USD		2,171,429		166,429			171,429		1,3,4,7,8
The Chartis Group, LLC	Delayed Draw	1.00%			9/17/2031	USD		3,146,853		(30,833	)		(29,347	)	1,2,3
The Chartis Group, LLC	Delayed Draw	1.00%			9/17/2031	USD		4,069,207		(40,047	)		(37,948	)	1,2,3,6
The Chartis Group, LLC	First Lien Term Loan	8.85%	SOFR	450	9/17/2031	USD		10,279,720		10,179,959			10,183,855		1,3,4
The Chartis Group, LLC	First Lien Term Loan	8.85%	SOFR	450	9/17/2031	USD		13,292,742		13,162,903			13,168,778		1,3,4,6
The Chartis Group, LLC	Revolver	0.50%			9/17/2031	USD		1,573,427		(15,090	)		(14,673	)	1,2,3
The Chartis Group, LLC	Revolver	0.50%			9/17/2031	USD		2,034,603		(19,695	)		(18,974	)	1,2,3,6
The Hiller Companies, Inc.	Delayed Draw	9.36%	SOFR	500	6/20/2030	USD		2,521,561		664,579			675,414		1,3,4,6,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
The Hiller Companies, Inc.	First Lien Term Loan	9.36%	SOFR	500	6/20/2030	USD		9,157,249	$	9,071,191		$	9,072,039		1,3,4,6
The Hiller Companies, Inc.	Revolver	0.50%			6/20/2030	USD		1,592,565		(14,637	)		(14,819	)	1,2,3,6
Titan Group Holdco, LLC	Delayed Draw	9.48%	SOFR	500	8/12/2029	USD		11,537,391		5,222,428			5,411,747		1,3,4,7
Titan Group Holdco, LLC	First Lien Term Loan	9.48%	SOFR	500	8/12/2029	USD		21,883,697		21,566,708			21,883,697		1,3,4
Titan Group Holdco, LLC	Revolver	12.50%	PRIME	400	8/12/2029	USD		2,500,000		988,806			1,001,308		1,3,4,7
Titan Group Holdco, LLC	Revolver	9.48%	SOFR	500	8/12/2029	USD		3,062,822		1,423,349			1,466,360		1,3,4,7
Trilon Group, LLC	Delayed Draw	10.95%	SOFR	650	5/27/2029	USD		5,201,250		5,038,727			5,172,999		1,3,4,6
Trilon Group, LLC	First Lien Term Loan	10.31%	SOFR	550	5/27/2029	USD		4,713,009		4,593,570			4,687,410		1,3,4,6
Trilon Group, LLC	Delayed Draw	10.95%	SOFR	650	5/27/2029	USD		13,521,279		13,260,853			13,447,836		1,3,4
Trilon Group, LLC	Delayed Draw	10.12%	SOFR	550	5/27/2029	USD		1,987,621		1,951,044			1,976,825		1,3,4
Trilon Group, LLC	Delayed Draw	1.00%			5/27/2029	USD		7,214,329		(135,447	)		(39,185	)	1,2,3
Trilon Group, LLC	First Lien Term Loan	10.31%	SOFR	550	5/27/2029	USD		58,801,656		57,495,411			58,482,269		1,3,4
Trilon Group, LLC	Revolver	10.31%	SOFR	550	5/27/2029	USD		805,382		791,054			800,846		1,3,4
Trilon Group, LLC	Revolver	10.28%	SOFR	550	5/27/2029	USD		45,258		44,460			45,004		1,3,4
Trilon Group, LLC	Revolver	10.14%	SOFR	550	5/27/2029	USD		16,972		16,677			16,876		1,3,4
Trilon Group, LLC	Revolver	0.50%			5/27/2029	USD		1,892,973		(33,217	)		(10,661	)	1,2,3
USIC Holdings, Inc.	Delayed Draw	10.09%	SOFR	550	9/10/2031	USD		6,003,888		394,436			396,662		1,3,4,7
USIC Holdings, Inc.	First Lien Term Loan	10.09%	SOFR	550	9/10/2031	USD		101,816,959		100,790,215			101,307,874		1,3,4
USIC Holdings, Inc.	Revolver	10.09%	SOFR	550	9/10/2031	USD		12,958,522		5,590,951			5,720,855		1,3,4,7
USRP Holdings, Inc.	Delayed Draw	9.36%	SOFR	500	12/31/2029	USD		43,927,214		15,780,206			16,479,053		1,3,4,7
USRP Holdings, Inc.	First Lien Term Loan	9.36%	SOFR	500	12/31/2029	USD		32,555,310		31,760,013			32,430,627		1,3,4
USRP Holdings, Inc.	Revolver	0.50%			12/31/2029	USD		1,397,849		(16,725	)		(5,353	)	1,2,3
USRP Holdings, Inc.	Revolver	0.50%			12/31/2029	USD		3,919,648		(38,766	)		(15,011	)	1,2,3,6
USRP Holdings, Inc.	Delayed Draw	9.36%	SOFR	500	7/23/2027	USD		2,524,879		2,459,363			2,515,210		1,3,4
USRP Holdings, Inc.	Delayed Draw	1.00%			7/23/2027	USD		2,471,870		(61,905	)		(9,467	)	1,2,3
Valcourt Holdings II, LLC	Delayed Draw	10.55%	SOFR	575	11/21/2029	USD		2,626,302		2,580,247			2,626,302		1,3,4
Valcourt Holdings II, LLC	Delayed Draw	10.42%	SOFR	575	11/21/2029	USD		5,765,876		5,664,893			5,765,876		1,3,4
Valcourt Holdings II, LLC	Delayed Draw	10.34%	SOFR	575	11/21/2029	USD		1,929,063		1,894,321			1,929,063		1,3,4
Valcourt Holdings II, LLC	Delayed Draw	1.00%			11/21/2029	USD		3,167,796		(57,645	)		-		1,2,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Valcourt Holdings II, LLC	First Lien Term Loan	10.42%	SOFR	575	11/21/2029	USD		40,636,462	$	39,934,871		$	40,636,462		1,3,4
Valet Waste Holdings, Inc.	First Lien Term Loan	10.11%	SOFR	575	5/1/2029	USD		2,360,291		2,338,810			2,339,201		1,3,4,6
Valet Waste Holdings, Inc.	Revolver	10.20%	SOFR	575	5/1/2029	USD		7,143		7,079			7,079		1,3,4,6
Valet Waste Holdings, Inc.	Revolver	10.11%	SOFR	575	5/1/2029	USD		53,573		53,088			53,095		1,3,4,6
Valet Waste Holdings, Inc.	Revolver	0.50%			5/1/2029	USD		46,430		(411	)		(415	)	1,2,3,6
Valicor PPC Intermediate I LLC	Revolver	11.75%	PRIME	500	1/24/2028	USD		13,067		13,007			13,050		1,3,4,6
Valicor PPC Intermediate I LLC	Revolver	11.50%	PRIME	500	1/24/2028	USD		117,606		117,067			117,450		1,3,4,6
Valicor PPC Intermediate I LLC	Revolver	9.48%	SOFR	500	1/24/2028	USD		13,067		13,007			13,050		1,3,4,6
Valicor PPC Intermediate I LLC	Revolver	9.36%	SOFR	500	1/24/2028	USD		11,777		11,722			11,761		1,3,4,6
Valicor PPC Intermediate I LLC	Revolver	0.50%			1/24/2028	USD		497,850		(2,270	)		(661	)	1,2,3,6
Valicor PPC Intermediate I LLC	First Lien Term Loan	9.36%	SOFR	500	7/24/2028	USD		3,310,391		3,294,905			3,305,998		1,3,4,6
Valkyrie Buyer, LLC	Revolver	0.50%			5/6/2030	USD		4,385,965		(58,753	)		(30,560	)	1,2,3
Valkyrie Buyer, LLC	Delayed Draw	9.40%	SOFR	500	5/6/2031	USD		55,701,755		9,992,925			10,208,373		1,3,4,7
Valkyrie Buyer, LLC	First Lien Term Loan	9.45%	SOFR	500	5/6/2031	USD		41,125,000		40,548,450			40,838,450		1,3,4
Vehicle Management Services LLC	First Lien Term Loan	11.14%	SOFR	625	7/26/2027	USD		2,793,829		2,742,457			2,741,010		1,3,4
Vehicle Management Services LLC	First Lien Term Loan	10.84%	SOFR	625	7/26/2027	USD		34,735,674		34,175,923			34,078,983		1,3,4
Vehicle Management Services LLC	First Lien Term Loan	10.58%	SOFR	625	7/26/2027	USD		1,867,275		1,829,929			1,829,930		1,3,4
Vensure Employer Services, Inc.	Delayed Draw	9.65%	SOFR	500	9/27/2031	USD		35,380,836		6,918,913			6,934,446		1,3,4,7
Vensure Employer Services, Inc.	Delayed Draw	9.65%	SOFR	500	9/27/2031	USD		1,934,888		411,384			412,282		1,3,4,6,7
Vensure Employer Services, Inc.	First Lien Term Loan	9.33%	SOFR	500	9/27/2031	USD		79,619,165		78,843,775			78,873,396		1,3,4
Vensure Employer Services, Inc.	First Lien Term Loan	9.33%	SOFR	500	9/27/2031	USD		6,815,111		6,748,496			6,751,275		1,3,4,6
Vistage Worldwide, Inc.	First Lien Term Loan	9.08%	SOFR	475	7/13/2029	USD		34,750,000		34,283,559			34,847,821		1,3,4
VRC Companies, LLC	Delayed Draw	10.26%	SOFR	575	6/29/2027	USD		14,534,615		9,044,416			9,064,518		1,3,4,7
VRC Companies, LLC	Delayed Draw	9.65%	SOFR	525	6/29/2027	USD		465,385		458,706			458,479		1,3,4
VRC Companies, LLC	First Lien Term Loan	10.35%	SOFR	550	6/29/2027	USD		19,328,139		19,158,850			19,328,139		1,3,4
VRC Companies, LLC	First Lien Term Loan	10.27%	SOFR	575	6/29/2027	USD		5,929,622		5,893,883			5,929,622		1,3,4
VRC Companies, LLC	Revolver	10.27%	SOFR	575	6/29/2027	USD		565,646		113,195			113,195		1,3,4,7
VSTG Acquisition Corp.	First Lien Term Loan	9.08%	SOFR	475	7/13/2029	USD		9,875,000		9,570,442			9,902,798		1,3,4
Woolpert Holdings, Inc.	Revolver	9.44%	SOFR	510	3/11/2029	USD		1,061,047		204,059			206,904		1,3,4,6,7
Woolpert Holdings, Inc.	Delayed Draw	9.44%	SOFR	510	3/11/2031	USD		2,122,095		319,339			309,128		1,3,4,6,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Woolpert Holdings, Inc.	First Lien Term Loan	9.46%	SOFR	510	3/11/2031	USD		6,799,773	$	6,865,184		$	6,833,771		1,3,4,6
WRE Holding Corp.	Revolver	0.50%			7/2/2030	USD		7,970,661		(73,221	)		(71,221	)	1,2,3
WRE Holding Corp.	Delayed Draw	9.45%	SOFR	500	7/2/2031	USD		14,944,988		4,339,492			4,349,958		1,3,4,7
WRE Holding Corp.	First Lien Term Loan	9.25%	SOFR	500	7/2/2031	USD		46,278,943		45,839,212			45,865,423		1,3,4
YA Intermediate Holdings II, LLC	First Lien Term Loan	9.59%	SOFR	500	8/27/2031	USD		10,115,040		10,015,801			10,018,846		1,3,4,6
YA Intermediate Holdings II, LLC	Revolver	11.50%	PRIME	400	8/27/2031	USD		2,023,008		81,457			81,911		1,3,4,6,7
YA Intermediate Holdings II, LLC	Delayed Draw	1.00%			8/31/2031	USD		4,214,600		(41,569	)		(40,081	)	1,2,3,6
YLG Holdings, Inc.	Delayed Draw	9.25%	SOFR	475	11/2/2026	USD		1,654,447		499,827			499,643		1,3,4,6,7
YLG Holdings, Inc.	First Lien Term Loan	9.27%	SOFR	475	11/2/2026	USD		794,135		786,321			786,193		1,3,4,6
YLG Holdings, Inc.	Revolver	0.50%			11/2/2026	USD		330,889		(3,251	)		(3,309	)	1,2,3,6
YLG Holdings, Inc.	Delayed Draw	9.09%	SOFR	475	11/2/2026	USD		39,997,042		39,652,905			39,597,071		1,3,4
YLG Holdings, Inc.	Delayed Draw	9.09%	SOFR	475	11/2/2026	USD		587,741		56,398			55,688		1,3,4,6,7
YLG Holdings, Inc.	Delayed Draw	9.25%	SOFR	475	11/26/2030	USD		11,142,857		11,032,843			11,031,429		1,3,4
YLG Holdings, Inc.	Delayed Draw	9.09%	SOFR	475	11/26/2030	USD		24,571,429		4,327,775			4,325,714		1,3,4,7
YLG Holdings, Inc.	First Lien Term Loan	9.27%	SOFR	475	11/26/2030	USD		16,142,857		15,983,354			15,981,429		1,3,4
YLG Holdings, Inc.	Revolver	0.50%			11/26/2030	USD		7,142,857		(70,266	)		(71,429	)	1,2,3
Zinc Buyer Corporation	Delayed Draw	9.41%	SOFR	475	7/24/2031	USD		442,401		438,127			438,112		1,3,4,6
Zinc Buyer Corporation	Delayed Draw	9.35%	SOFR	475	7/24/2031	USD		104,094		103,090			103,085		1,3,4,6
Zinc Buyer Corporation	Delayed Draw	9.27%	SOFR	475	7/24/2031	USD		130,118		128,865			128,857		1,3,4,6
Zinc Buyer Corporation	Delayed Draw	9.26%	SOFR	475	7/24/2031	USD		1,756,593		1,739,553			1,739,564		1,3,4,6
Zinc Buyer Corporation	Delayed Draw	9.13%	SOFR	475	7/24/2031	USD		318,789		315,692			315,699		1,3,4,6
Zinc Buyer Corporation	Delayed Draw	9.09%	SOFR	475	7/24/2031	USD		461,919		457,429			457,441		1,3,4,6
Zinc Buyer Corporation	Delayed Draw	9.08%	SOFR	475	7/24/2031	USD		4,918,460		218,913			219,062		1,3,4,6,7
Zinc Buyer Corporation	First Lien Term Loan	9.08%	SOFR	475	7/24/2031	USD		14,963,567		14,819,675			14,818,509		1,3,4,6
										2,162,531,148			2,175,300,626
Communications — 5.7%
1236904 B.C. Ltd.	First Lien Term Loan	9.97%	SOFR	561	3/4/2027	USD		2,857,706		2,811,307			2,766,373		1,3,4,5,9
AG-Twin Brook Communication Services	First Lien Term Loan	5.78%, 5.00% PIK	SOFR	100	9/30/2026	USD		25,810,257		25,749,499			25,577,951		1,3,4,6,8
ARC Media Holdings Limited	First Lien Term Loan	11.99%	SOFR	725	10/31/2027	USD		2,217,450		2,159,003			2,197,446		1,3,4
Aurelia Netherlands Midco 2 B.V.	First Lien Term Loan	8.93%	EURIBOR	575	5/1/2031	EUR		44,735,150		47,503,317			45,771,328		1,3,4,5

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Barkley, LLC	First Lien Term Loan	10.49%	SOFR	590	9/29/2028	USD		2,393,280	$	2,351,154		$	2,345,414		1,3,4
Barkley, LLC	First Lien Term Loan	10.21%	SOFR	585	9/29/2028	USD		1,577,900		1,550,879			1,546,342		1,3,4
BrightSign, LLC	First Lien Term Loan	9.96%	SOFR	550	10/14/2027	USD		4,886,935		4,812,173			4,886,935		1,3,4
CM Acquisitions Holdings, Inc.	Delayed Draw	7.75%, 2.50% PIK	SOFR	350	5/6/2025	USD		292,786		289,017			283,429		1,3,4,8
CM Acquisitions Holdings, Inc.	First Lien Term Loan	7.75%, 2.50% PIK	SOFR	350	5/6/2025	USD		2,553,432		2,548,762			2,471,824		1,3,4,8
CM Acquisitions Holdings, Inc.	Incremental Term Loan	7.75%, 2.50% PIK	SOFR	350	5/6/2025	USD		796,489		795,032			771,033		1,3,4,8
CSL DualCom Ltd.	First Lien Term Loan	9.48%	SONIA	478	9/25/2027	GBP		1,772,638		2,381,872			2,219,126		1,3,4,5
Datum Acquisition, LLC	Revolver	0.50%			4/24/2030	USD		171,600		(3,326	)		(3,432	)	1,2,3
Datum Acquisition, LLC	First Lien Term Loan	10.58%	SOFR	625	4/30/2030	USD		714,000		700,037			699,720		1,3,4
Duggal Acquisition, LLC	Delayed Draw	1.00%			9/30/2030	USD		682,742		(13,642	)		(14,225	)	1,2,3
Duggal Acquisition, LLC	First Lien Term Loan	9.08%	SOFR	475	9/30/2030	USD		2,696,831		2,642,386			2,640,641		1,3,4
Duggal Acquisition, LLC	Revolver	9.08%	SOFR	475	9/30/2030	USD		957,178		172,321			171,493		1,3,4,7
EP Purchaser, LLC	Second Lien Term Loan	11.09%	SOFR	650	11/4/2029	USD		5,000,000		4,925,000			5,000,000		1,3,4
Everbridge Holdings, LLC	Delayed Draw	9.31%	SOFR	500	7/2/2029	USD		5,555,556		2,151,651			2,177,778		1,3,4,7
Everbridge Holdings, LLC	First Lien Term Loan	9.31%	SOFR	500	7/2/2029	USD		22,222,222		22,119,618			22,197,747		1,3,4
Everbridge Holdings, LLC	Revolver	0.50%			7/2/2029	USD		2,222,222		(10,021	)		(2,448	)	1,2,3
Fingerpaint Marketing, Inc.	Delayed Draw	9.96%	SOFR	550	12/30/2026	USD		9,997,765		8,354,276			8,355,752		1,3,4,7
Fingerpaint Marketing, Inc.	First Lien Term Loan	9.96%	SOFR	550	12/30/2026	USD		9,861,298		9,760,374			9,767,517		1,3,4
Fingerpaint Marketing, Inc.	Revolver	13.75%	PRIME	675	12/30/2026	USD		2,016,130		67,204			48,030		1,3,4,7
FuseFX, LLC	First Lien Term Loan	5.78%, 5.00% PIK	SOFR	100	9/30/2026	USD		12,816,814		12,759,892			12,704,170		1,3,4,6,8
Global Music Rights	First Lien Term Loan	9.12%	SOFR	475	12/20/2031	USD		999,104,478		981,171,030			981,113,433		1,3,4
Global Music Rights	Revolver	9.12%	SOFR	475	12/20/2031	USD		90,000,000		7,357,368			7,350,000		1,3,4,7
GOGO Intermediate Holdings LLC	First Lien Term Loan	10.53%	SOFR	600	4/30/2028	USD		21,592,114		21,168,545			21,160,272		1,3,4
HH Global Finance Limited	First Lien Term Loan	10.85%	SOFR	641	9/24/2028	USD		15,000,000		14,887,500			15,000,000		1,3,4,6
Iconic Purchaser Corporation	Revolver	10.11%	SOFR	550	11/16/2027	USD		1,538,462		1,489,330			1,495,385		1,3,4,7
Iconic Purchaser Corporation	First Lien Term Loan	10.61%	SOFR	600	11/16/2028	USD		18,914,983		18,677,514			18,914,983		1,3,4
Infolinks Media Buyco, LLC	Delayed Draw	9.83%	SOFR	550	11/1/2026	USD		271,378		268,179			267,308		1,3,4
Infolinks Media Buyco, LLC	First Lien Term Loan	9.83%	SOFR	550	11/1/2026	USD		2,588,238		2,555,347			2,546,404		1,3,4
Klick, Inc.	First Lien Term Loan	8.86%	SOFR	450	3/31/2028	USD		317,818		314,868			314,978		1,3,4,6
Lithium Technologies, LLC	First Lien Term Loan	15.59% PIK	SOFR		1/3/2025	USD		9,435,959		9,435,959			3,019,507		1,3,4,8

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
MBS Holdings, Inc.	First Lien Term Loan	11.09%	SOFR	625	4/16/2027	USD		1,009,322	$	996,646		$	1,009,322		1,3,4
MBS Holdings, Inc.	First Lien Term Loan	10.59%	SOFR	575	4/16/2027	USD		13,282,627		13,116,594			13,282,627		1,3,4
MBS Holdings, Inc.	Revolver	10.25%	SOFR	575	4/16/2027	USD		1,271,186		152,542			152,542		1,3,4,7
MBS Services Holdings, LLC	First Lien Term Loan	11.34%	SOFR	650	4/16/2027	USD		956,441		943,238			956,441		1,3,4
Mc Group Ventures Corporation	Delayed Draw	10.19%	SOFR	550	6/30/2027	USD		9,403,426		7,671,476			7,870,672		1,3,4,7
Mc Group Ventures Corporation	Delayed Draw	1.00%			6/30/2027	USD		7,211,538		(64,002	)		(35,561	)	1,2,3
Mc Group Ventures Corporation	First Lien Term Loan	10.19%	SOFR	550	6/30/2027	USD		14,884,615		14,730,728			14,870,821		1,3,4
Mc Group Ventures Corporation	First Lien Term Loan	9.71%	SOFR	525	6/30/2027	USD		7,673,077		7,592,251			7,635,240		1,3,4
Omni Fiber, LLC	Delayed Draw	1.00%			7/3/2029	USD		16,666,667		(166,619	)		(157,819	)	1,2,3
Omni Fiber, LLC	First Lien Term Loan	9.56%	SOFR	525	7/3/2029	USD		8,333,333		8,252,899			8,254,424		1,3,4
OneCare Media, LLC	First Lien Term Loan	8.96%	SOFR	450	9/29/2026	USD		8,448,884		8,395,425			5,449,530		1,3,4
OneCare Media, LLC	Revolver	0.50%			9/29/2026	USD		1,333,333		(20,000	)		(473,333	)	1,2,3
Outerbox, LLC	Delayed Draw	1.00%			6/7/2028	USD		533,000		(6,880	)		(7,995	)	1,2,3
Outerbox, LLC	First Lien Term Loan	9.36%	SOFR	500	6/7/2028	USD		2,451,800		2,419,329			2,415,023		1,3,4
Outerbox, LLC	Revolver	0.50%			6/7/2028	USD		298,000		(3,844	)		(4,470	)	1,2,3
Permaconn TopCo Pty, Ltd.	First Lien Term Loan	9.73%	BBSY	525	12/8/2027	AUD		2,800,000		1,927,021			1,696,797		1,3,4,5
PharmaForceIQ Acquisition, Inc.	First Lien Term Loan	10.09%	SOFR	550	8/2/2029	USD		1,791,000		1,757,432			1,755,180		1,3,4
PharmaForceIQ Acquisition, Inc.	Revolver	0.50%			8/2/2029	USD		273,600		(5,029	)		(5,472	)	1,2,3
Rbmedia	Revolver	0.50%			8/31/2028	USD		1,497,327		(34,508	)		(39,269	)	1,2,3,6
Recorded Books, Inc.	First Lien Term Loan	10.26%	SOFR	575	8/31/2030	USD		18,409,928		17,943,078			17,927,103		1,3,4,6
SintecMedia NYC, Inc.	First Lien Term Loan	11.34%	SOFR	700	6/21/2029	USD		22,652,542		22,100,387			21,557,255		1,3,4
SintecMedia NYC, Inc.	Revolver	11.35%	SOFR	700	6/21/2029	USD		2,118,644		1,292,373			1,248,035		1,3,4,7
TA TT Buyer, LLC	First Lien Term Loan	9.08%	SOFR	475	4/1/2029	USD		24,256,124		24,032,182			24,316,764		1,3,4
The Chempetitive Group	Delayed Draw	1.00%			3/22/2029	USD		1,570,000		(26,650	)		(31,400	)	1,2,3
The Chempetitive Group	First Lien Term Loan	10.11%	SOFR	575	3/22/2029	USD		1,798,600		1,767,000			1,762,628		1,3,4
The Chempetitive Group	Revolver	0.50%			3/22/2029	USD		446,500		(7,565	)		(8,930	)	1,2,3
Tinuiti Inc.	Delayed Draw	9.68%	SOFR	525	12/10/2026	USD		5,078,562		4,997,487			4,855,243		1,3,4
Tinuiti Inc.	First Lien Term Loan	9.68%	SOFR	525	12/10/2026	USD		3,526,250		3,466,305			3,371,190		1,3,4
Trunk Acquisition, Inc.	Revolver	0.50%			2/19/2026	USD		2,500,000		(25,000	)		-		1,2,3
Trunk Acquisition, Inc.	Revolver	0.50%			2/19/2026	USD		1,193,049		(11,931	)		-		1,2,3,6
Trunk Acquisition, Inc.	First Lien Term Loan	10.48%	SOFR	600	2/19/2027	USD		21,937,500		21,718,125			21,937,500		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Trunk Acquisition, Inc.	Delayed Draw	1.00%			2/19/2030	USD		2,451,357	$	(24,481	)	$	(24,514	)	1,2,3
Trunk Acquisition, Inc.	First Lien Term Loan	10.36%	SOFR	600	2/19/2030	USD		2,416,338		2,392,221			2,392,174		1,3,4
Visionary Buyer LLC	Revolver	0.50%			3/21/2030	USD		3,000,000		(39,250	)		(25,605	)	1,2,3
Visionary Buyer LLC	Delayed Draw	9.77%	SOFR	525	3/21/2031	USD		12,000,000		4,030,307			4,103,587		1,3,4,7
Visionary Buyer LLC	First Lien Term Loan	9.58%	SOFR	525	3/21/2031	USD		12,000,000		11,834,200			11,903,587		1,3,4
W2O Holdings, Inc.	First Lien Term Loan	9.34%	SOFR	525	6/12/2026	USD		3,082,708		3,042,238			3,053,391		1,3,4,6
W2O Holdings, Inc.	Revolver	9.14%	SOFR	475	6/12/2026	USD		425,201		221,409			222,731		1,3,4,6,7
W2O Holdings, Inc.	Delayed Draw	9.27%	SOFR	475	6/12/2028	USD		6,750,796		6,685,675			6,686,596		1,3,4,6
										1,406,946,234			1,395,634,249
Consumer Discretionary — 5.9%
A1 Garage Equity, LLC	Delayed Draw	9.11%	SOFR	475	12/22/2028	USD		4,117,278		3,089,552			3,240,117		1,3,4,7
A1 Garage Equity, LLC	First Lien Term Loan	9.11%	SOFR	475	12/22/2028	USD		9,155,114		8,951,807			9,199,974		1,3,4
A1 Garage Equity, LLC	Revolver	0.50%			12/22/2028	USD		1,515,151		(45,455	)		-		1,2,3
AG-Twin Brook Consumer Discretionary	First Lien Term Loan	9.72%	SOFR	525	11/30/2026	USD		14,588,348		14,579,138			14,349,099		1,3,4,6
AG-Twin Brook Consumer Discretionary	First Lien Term Loan	10.08%	SOFR	575	12/14/2027	USD		17,865,862		17,665,699			17,687,203		1,3,4,6
AG-Twin Brook Consumer Discretionary	First Lien Term Loan	11.34%	SOFR	675	4/22/2026	USD		27,665,692		27,448,232			27,574,916		1,3,4,6
Aptive Environmental, LLC	First Lien Term Loan	9.86%	SOFR	550	10/1/2030	USD		5,140,262		5,150,820			5,128,085		1,3,4
Aptive Environmental, LLC	Revolver	0.50%			10/1/2030	USD		522,738		972			(2,545	)	1,2,3
Archimede	Delayed Draw	9.22%	EURIBOR	650	10/27/2027	EUR		1,500,000		1,804,888			1,457,439		1,3,4,5
Archimede	First Lien Term Loan	9.22%	EURIBOR	650	10/27/2027	EUR		16,300,000		17,212,472			15,837,503		1,3,4,5
Auveco Holdings, Inc.	First Lien Term Loan	9.91%	SOFR	525	5/5/2028	USD		9,003,289		8,913,257			9,003,289		1,3,4
Auveco Holdings, Inc.	Revolver	9.91%	SOFR	525	5/5/2028	USD		1,315,789		290,789			296,053		1,3,4,7
AWI Group, LLC	Delayed Draw	10.34%	SOFR	575	8/1/2029	USD		1,171,200		1,028,908			1,025,776		1,3,4,7
AWI Group, LLC	Revolver	10.27%	SOFR	575	8/1/2029	USD		2,725,000		825,011			817,500		1,3,4,7
AWI Group, LLC	First Lien Term Loan	10.08%	SOFR	575	8/1/2029	USD		14,444,800		14,241,745			14,155,904		1,3,4
Barbri Holdings, Inc.	First Lien Term Loan	9.35%	SOFR	500	4/30/2030	USD		70,000,000		69,651,601			69,650,000		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
BCI Burke Holding Corp	Delayed Draw	10.20%	SOFR	575	12/14/2027	USD		307,426	$	304,545		$	304,352		1,3,4
BCI Burke Holding Corp	Delayed Draw	10.08%	SOFR	575	12/14/2027	USD		163,200		161,859			161,568		1,3,4
BCI Burke Holding Corp	Delayed Draw	10.03%	SOFR	575	12/14/2027	USD		307,426		305,257			304,352		1,3,4
BCI Burke Holding Corp	Delayed Draw	1.00%			12/14/2027	USD		2,713,298		(31,415	)		(37,182	)	1,2,3
BCI Burke Holding Corp	First Lien Term Loan	10.08%	SOFR	575	12/14/2027	USD		9,552,540		9,462,876			9,433,254		1,3,4
BCI Burke Holding Corp	Revolver	0.50%			12/14/2027	USD		1,238,588		(12,336	)		(14,824	)	1,2,3
Bestop, Inc.	Delayed Draw	1.00%			3/29/2029	USD		1,597,604		(25,520	)		(31,952	)	1,2,3
Bestop, Inc.	First Lien Term Loan	9.58%	SOFR	525	3/29/2029	USD		10,463,003		10,324,686			10,253,744		1,3,4
Bestop, Inc.	Revolver	9.82%	SOFR	525	3/29/2029	USD		157,146		154,628			154,004		1,3,4
Bestop, Inc.	Revolver	9.58%	SOFR	525	3/29/2029	USD		1,414,320		173,922			168,146		1,3,4,7
BPI Intermediate Holdings, Inc.	First Lien Term Loan	12.21%	SOFR	775	12/11/2025	USD		9,860,019		9,797,665			9,623,856		1,3,4
BPI Intermediate Holdings, Inc.	Revolver	12.26%	SOFR	775	12/11/2025	USD		1,440,000		237,750			205,510		1,3,4,7
CAP-KSI Holdings, LLC	First Lien Term Loan	9.58%	SOFR	525	6/28/2030	USD		11,173,914		11,029,879			10,978,370		1,3,4
CAP-KSI Holdings, LLC	Revolver	9.61%	SOFR	525	6/28/2030	USD		1,868,478		314,613			309,856		1,3,4,7
ChanceLight, Inc.	First Lien Term Loan	9.86%	SOFR	550	4/27/2026	USD		2,719,500		2,701,420			2,699,104		1,3,4
Circauto Bidco AB	Delayed Draw	8.55%	STIBOR	600	6/14/2031	SEK		243,902,439		22,746,480			21,515,252		1,3,4,5
Circauto Bidco AB	Delayed Draw	1.00%			6/14/2031	SEK		78,678,206		(181,038	)		(574,516	)	1,2,3,5
Collision SP Subco, LLC	Delayed Draw	9.90%	SOFR	550	1/29/2030	USD		1,945,218		943,678			979,690		1,3,4,6,7
Collision SP Subco, LLC	First Lien Term Loan	10.09%	SOFR	550	1/29/2030	USD		4,076,672		4,003,986			4,076,672		1,3,4,6
Collision SP Subco, LLC	Revolver	10.09%	SOFR	550	1/29/2030	USD		1,081,545		142,055			160,687		1,3,4,6,7
COP HomeTown Acquisitions, Inc.	Delayed Draw	10.24%	SOFR	550	7/16/2027	USD		20,783,257		20,367,786			20,766,077		1,3,4
COP HomeTown Acquisitions, Inc.	Delayed Draw	10.24%	SOFR	550	7/16/2027	USD		10,078,595		9,931,430			10,070,263		1,3,4,6
COP HomeTown Acquisitions, Inc.	First Lien Term Loan	10.14%	SOFR	550	7/16/2027	USD		9,442,500		9,304,513			9,434,694		1,3,4
COP HomeTown Acquisitions, Inc.	First Lien Term Loan	10.14%	SOFR	550	7/16/2027	USD		4,567,500		4,500,426			4,563,724		1,3,4,6
COP HomeTown Acquisitions, Inc.	Revolver	0.50%			7/16/2027	USD		1,049,167		-			(7,274	)	1,2,3
COP HomeTown Acquisitions, Inc.	Revolver	0.50%			7/16/2027	USD		507,500		(7,062	)		(3,519	)	1,2,3,6
Curriculum Associates, LLC	First Lien Term Loan	9.23%	SOFR	475	1/27/2027	USD		15,000,000		14,640,588			14,963,574		1,3,4
Curriculum Associates, LLC	First Lien Term Loan	9.23%	SOFR	475	5/10/2028	USD		1,147,059		1,128,096			1,144,274		1,3,4
Dealeron Holdco, Inc.	First Lien Term Loan	10.47%	SOFR	600	5/19/2026	USD		3,308,043		3,276,304			3,258,422		1,3,4
Denali Midco 2 LLC	Delayed Draw	10.18%	SOFR	575	12/22/2027	USD		46,477		45,704			46,410		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Denali Midco 2 LLC	Delayed Draw	10.11%	SOFR	575	12/22/2027	USD		2,995,116	$	252,992		$	302,007		1,3,4,7
Denali Midco 2 LLC	Delayed Draw	9.61%	SOFR	525	12/22/2027	USD		6,355,886		6,165,935			6,346,814		1,3,4
Denali Midco 2 LLC	First Lien Term Loan	9.61%	SOFR	525	12/22/2027	USD		6,301,161		6,180,976			6,292,168		1,3,4
Denali Midco 2 LLC	Delayed Draw	9.61%	SOFR	525	12/22/2028	USD		304,167		298,755			303,733		1,3,4
Denmark Investments, Inc.	First Lien Term Loan	12.90%	SOFR	850	12/13/2029	USD		4,762,398		4,620,529			4,619,526		1,3,4
EOS Fitness Opco Holdings, LLC	Delayed Draw	9.84%	SOFR	525	1/5/2028	USD		1,300,784		385,034			384,550		1,3,4,6,7
EOS Fitness Opco Holdings, LLC	First Lien Term Loan	9.61%	SOFR	525	1/5/2028	USD		260,157		256,481			256,419		1,3,4,6
Equinox Holdings, Inc.	First Lien Term Loan	8.45%, 4.13% PIK	SOFR	413	3/8/2029	USD		2,485,254		2,431,805			2,485,254		1,3,4,8
Equinox Holdings, Inc.	Second Lien Term Loan	16.00% PIK			6/30/2027	USD		328,146		318,987			324,765		1,3,7,8
Essential Services Holding Corporation	Revolver	0.50%			6/17/2030	USD		1,301,115		(11,957	)		(6,506	)	1,2,3,6
Essential Services Holding Corporation	Delayed Draw	1.00%			6/17/2031	USD		2,081,784		(20,094	)		(10,409	)	1,2,3,6
Essential Services Holding Corporation	First Lien Term Loan	9.30%	SOFR	500	6/17/2031	USD		10,617,100		10,516,116			10,564,015		1,3,4,6
Excel Fitness Holdings, Inc.	Delayed Draw	9.86%	SOFR	550	4/29/2029	USD		3,266,780		607,438			653,356		1,3,4,7
Excel Fitness Holdings, Inc.	Delayed Draw	9.83%	SOFR	550	4/29/2029	USD		10,000,000		9,775,000			10,000,000		1,3,4
Excel Fitness Holdings, Inc.	First Lien Term Loan	9.83%	SOFR	550	4/29/2029	USD		19,900,000		19,496,475			19,900,000		1,3,4
Fastlap LLC	Delayed Draw	1.00%			6/20/2029	USD		1,848,000		(33,143	)		(36,960	)	1,2,3
Fastlap LLC	First Lien Term Loan	9.53%	SOFR	525	6/20/2029	USD		1,320,000		1,295,770			1,293,600		1,3,4
Fastlap LLC	Revolver	11.75%	PRIME	425	6/20/2029	USD		294,500		200,850			200,260		1,3,4,7
Fenix Topco, LLC	Delayed Draw	10.83%	SOFR	650	3/28/2029	USD		6,258,788		681,701			663,522		1,3,4,7
Fenix Topco, LLC	First Lien Term Loan	10.83%	SOFR	650	3/28/2029	USD		13,668,408		13,374,303			13,327,346		1,3,4
Fitness and Lifestyle Group Bidco Pty Ltd	Delayed Draw	4.58%, 7.25% PIK	BBSY		6/30/2026	AUD		237,168		152,576			145,519		1,3,4,5,8
Fitness and Lifestyle Group Bidco Pty Ltd	First Lien Term Loan	4.58%, 7.25% PIK	BBSY		6/30/2026	AUD		5,359,164		3,447,699			3,288,218		1,3,4,5,8
Fitness International, LLC	First Lien Term Loan	9.71%	SOFR	525	2/12/2029	USD		24,937,500		24,070,993			25,134,880		1,3,4,6
FQSR, LLC	Delayed Draw	10.09% PIK			5/26/2027	USD		2,218,983		2,218,983			2,182,495		1,3,4,8
Gateway US Holdings, Inc.	Delayed Draw	9.08%	SOFR	475	9/22/2026	USD		1,095,435		1,068,641			1,092,696		1,3,4
Gateway US Holdings, Inc.	First Lien Term Loan	9.08%	SOFR	475	9/22/2026	USD		20,996,393		20,680,119			20,943,902		1,3,4
Gateway US Holdings, Inc.	Revolver	0.50%			9/22/2026	USD		854,815		(2,137	)		(2,137	)	1,3,7
Gateway US Holdings, Inc.	Delayed Draw	9.23%	SOFR	475	9/22/2028	USD		7,336,981		7,318,866			7,318,639		1,3,4
Gateway US Holdings, Inc.	Delayed Draw	9.08%	SOFR	475	9/22/2028	USD		5,570,248		5,480,175			5,556,322		1,3,4
Gateway US Holdings, Inc.	Delayed Draw	1.00%			9/22/2028	USD		1,400,000		(13,527	)		(3,500	)	1,2,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Gateway US Holdings, Inc.	First Lien Term Loan	9.23%	SOFR	475	9/22/2028	USD		26,025,996	$	25,961,737		$	25,960,931		1,3,4
Gateway US Holdings, Inc.	First Lien Term Loan	9.08%	SOFR	475	9/22/2028	USD		1,117,072		1,097,429			1,114,280		1,3,4
Gateway US Holdings, Inc.	Revolver	0.50%			9/22/2028	USD		1,059,583		(2,609	)		(2,649	)	1,2,3
Guardian Restoration Partners Buyer, LLC	Delayed Draw	9.32%	ARR CSA	475	11/1/2031	USD		3,553,445		1,156,402			1,158,447		1,3,4,7
Guardian Restoration Partners Buyer, LLC	First Lien Term Loan	9.08%	SOFR	475	11/1/2031	USD		2,132,067		2,105,858			2,106,981		1,3,4
Guardian Restoration Partners Buyer, LLC	Revolver	0.50%			11/1/2031	USD		533,017		(6,506	)		(6,271	)	1,2,3
Harbor Purchaser, Inc.	Second Lien Term Loan	12.86%	SOFR	850	4/7/2030	USD		17,000,000		16,751,557			16,915,000		1,3,4
Harley Exteriors Acquisition, LLC	Delayed Draw	1.00%			8/2/2029	USD		514,000		(9,457	)		(10,280	)	1,2,3
Harley Exteriors Acquisition, LLC	First Lien Term Loan	10.09%	SOFR	550	8/2/2029	USD		1,117,950		1,096,997			1,095,591		1,3,4
Harley Exteriors Acquisition, LLC	Revolver	0.50%			8/2/2029	USD		172,800		(3,176	)		(3,456	)	1,2,3
Home Service Topco IV, Inc.	Delayed Draw	1.00%			12/31/2027	USD		4,757,325		(71,360	)		-		1,2,3,6
Home Service Topco IV, Inc.	First Lien Term Loan	10.43%	SOFR	600	12/31/2027	USD		5,160,862		5,048,198			5,160,862		1,3,4,6
Home Service Topco IV, Inc.	Revolver	0.50%			12/31/2027	USD		1,066,677		-			-		1,2,3,6
Houghton Mifflin Harcourt Publishing Company	Second Lien Term Loan	12.46%	SOFR	800	4/7/2028	USD		39,500,000		38,333,877			39,293,360		1,3,4
HPS Consumer Discretionary	First Lien Term Loan	11.49%	SOFR	675	7/26/2026	USD		14,027,420		13,875,325			13,689,787		1,3,4,6
HS Spa Holdings, Inc.	Revolver	9.61%	SOFR	525	6/2/2028	USD		311,429		89,536			89,536		1,3,4,7
HS Spa Holdings, Inc.	Delayed Draw	9.88%	SOFR	525	6/2/2029	USD		250,000		120,206			123,275		1,3,4,7
HS Spa Holdings, Inc.	First Lien Term Loan	9.76%	SOFR	525	6/2/2029	USD		2,130,950		2,100,248			2,137,556		1,3,4
HTI Intermediate, LLC	Delayed Draw	1.00%			3/1/2030	USD		423,000		(3,642	)		(4,230	)	1,2,3
HTI Intermediate, LLC	First Lien Term Loan	9.47%	SOFR	500	3/1/2030	USD		916,200		899,758			897,876		1,3,4
HTI Intermediate, LLC	Revolver	9.47%	SOFR	500	3/1/2030	USD		282,500		51,604			50,850		1,3,4,7
HY Cite Enterprises LLC	First Lien Term Loan	12.75%	SOFR	800	11/12/2026	USD		11,161,127		10,111,070			11,161,128		1,3,4
IFH Franchisee Holdings LLC	Delayed Draw	1.00%			12/20/2029	USD		626,715		(9,371	)		(9,401	)	1,2,3,6
IFH Franchisee Holdings LLC	First Lien Term Loan	10.12%	SOFR	575	12/20/2029	USD		2,775,583		2,734,151			2,733,949		1,3,4,6
IFH Franchisee Holdings LLC	Revolver	8.37%	SOFR	400	12/20/2029	USD		1,000		652			652		1,3,4,6,7
Infinity Home Services Holdco, Inc.	Delayed Draw	11.36%	SOFR	675	12/28/2028	USD		3,741,912		129			1,340		1,3,4,6,7
Ingenio, LLC	First Lien Term Loan	11.65%	SOFR	700	8/3/2026	USD		14,146,677		13,951,207			14,020,271		1,3,4,6
Innovetive Petcare, LLC	Delayed Draw	9.78%	SOFR	500	6/30/2028	USD		1,918,068		1,610,838			1,642,407		1,3,4,6,7
Innovetive Petcare, LLC	Delayed Draw	9.49%	SOFR	500	6/30/2028	USD		2,750,254		1,902,512			1,902,112		1,3,4,6,7
JHCC Holdings LLC	Delayed Draw	9.58%	SOFR	525	9/9/2026	USD		2,436,221		2,402,816			2,411,859		1,3,4,6
JHCC Holdings LLC	First Lien Term Loan	9.58%	SOFR	525	9/9/2026	USD		606,727		597,379			600,659		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
JHCC Holdings LLC	Delayed Draw	1.00%			9/9/2027	USD		2,345,338	$	(23,171	)	$	(23,453	)	1,2,3,6
KBP Investments LLC	Delayed Draw	10.20% PIK			5/26/2027	USD		27,623,728		23,741,132			23,724,808		1,3,4,6,7,8
KnitWell Borrower LLC	First Lien Term Loan	12.27%	SOFR	775	7/28/2027	USD		35,743,099		35,058,174			35,028,237		1,3,4
Kravet Design, LLC	First Lien Term Loan	9.77%	SOFR	525	11/26/2030	USD		10,948,000		10,826,278			10,783,780		1,3,4
Kravet Design, LLC	Revolver	0.50%			11/26/2030	USD		2,275,606		(30,781	)		(34,134	)	1,2,3
Lawn Care Holdings Purchaser, Inc.	Delayed Draw	9.40%	SOFR	500	10/24/2028	USD		562,400		555,561			555,370		1,3,4
Lawn Care Holdings Purchaser, Inc.	Delayed Draw	9.34%	SOFR	500	10/24/2028	USD		3,085,600		287,770			286,710		1,3,4,7
Lawn Care Holdings Purchaser, Inc.	First Lien Term Loan	9.51%	SOFR	500	10/24/2028	USD		1,124,800		1,111,057			1,110,740		1,3,4
Lawn Care Holdings Purchaser, Inc.	Revolver	0.50%			10/24/2028	USD		488,600		(5,939	)		(6,107	)	1,2,3
Legends Hospitality Holding Company, LLC	Revolver	9.45%	SOFR	500	8/22/2030	USD		284,054		284,054			280,170		1,3,4
Legends Hospitality Holding Company, LLC	Revolver	9.37%	SOFR	500	8/22/2030	USD		5,987,172		330,982			258,950		1,3,4,7
Legends Hospitality Holding Company, LLC	Delayed Draw	1.00%			8/22/2031	USD		3,135,614		(6,048	)		(66,076	)	1,2,3
Legends Hospitality Holding Company, LLC	First Lien Term Loan	7.27%, 2.75% PIK	SOFR	275	8/22/2031	USD		53,340,684		53,239,565			52,592,049		1,3,4,8
Leonard Group, Inc.	First Lien Term Loan	11.09%	SOFR	650	2/26/2026	USD		11,340,488		11,271,837			11,293,874		1,3,4
Majco LLC	Revolver	0.50%			12/3/2027	USD		1,666,667		-			-		1,2,3
Majco LLC	Delayed Draw	8.96%	SOFR	450	12/4/2028	USD		9,179,833		9,119,849			9,179,833		1,3,4
Majco LLC	First Lien Term Loan	8.96%	SOFR	450	12/4/2028	USD		8,775,000		8,687,250			8,775,000		1,3,4
Majco LLC	Delayed Draw	9.67%	SOFR	500	12/4/2028	USD		2,392,620		937,579			960,000		1,3,4,6,7
Majco LLC	Delayed Draw	9.48%	SOFR	500	12/4/2028	USD		607,380		601,671			607,380		1,3,4,6
Mammoth Holdings, LLC	Revolver	12.75%	PRIME	500	11/15/2029	USD		2,272,726		1,553,084			1,590,908		1,3,4,7
Mammoth Holdings, LLC	Delayed Draw	10.33%	SOFR	600	11/15/2030	USD		4,545,452		4,463,646			4,545,452		1,3,4
Mammoth Holdings, LLC	First Lien Term Loan	10.33%	SOFR	600	11/15/2030	USD		18,035,227		17,759,955			18,035,227		1,3,4
Margaritaville Enterprises LLC	Delayed Draw	9.08%	SOFR	475	6/17/2027	USD		2,111,690		2,087,660			2,111,690		1,3,4
Margaritaville Enterprises LLC	Revolver	0.50%			6/17/2027	USD		312,500		(4,688	)		-		1,2,3
Monahan Products LLC	First Lien Term Loan	9.36%	SOFR	500	8/27/2027	USD		3,753,484		3,737,052			3,753,484		1,3,4,6
Mountainside Fitness Acquisitions, LLC	Delayed Draw	1.00%			10/9/2029	USD		2,373,000		(16,997	)		(17,021	)	1,2,3
Mountainside Fitness Acquisitions, LLC	First Lien Term Loan	9.45%	SOFR	500	10/9/2029	USD		4,748,000		4,713,649			4,690,196		1,3,4
Mountainside Fitness Acquisitions, LLC	Revolver	0.50%			10/9/2029	USD		950,000		(6,801	)		(13,942	)	1,2,3
Movati Athletic Group, Inc.	Revolver	0.50%			5/29/2029	CAD		2,812,500		(36,714	)		(114,180	)	1,2,3,5,6
Movati Athletic Group, Inc.	Delayed Draw	1.00%			5/29/2030	CAD		1,250,000		(16,486	)		(46,503	)	1,2,3,5
Movati Athletic Group, Inc.	Delayed Draw	1.00%			5/29/2030	CAD		3,750,000	$	(50,083	)	$	(152,240	)	1,2,3,5,6
Movati Athletic Group, Inc.	First Lien Term Loan	8.24%	CDOR	475	5/29/2030	CAD		10,312,500		7,354,244			7,109,811		1,3,4,5
Movati Athletic Group, Inc.	First Lien Term Loan	8.24%	CDOR	475	5/29/2030	CAD		30,937,500		22,164,023			21,329,434		1,3,4,5,6
Movati Athletic Group, Inc.	Revolver	0.50%			5/29/2030	CAD		937,500		(861	)		(23,257	)	1,2,3,5
NKD Group GmbH	First Lien Term Loan	10.68%	EURIBOR	800	3/23/2026	EUR		5,769,231		6,026,321			5,976,000		1,3,4,5
NL1 Acquire Corp.	Revolver	8.99%	CDOR	550	5/26/2026	CAD		1,330,000		302,883			209,893		1,3,4,5,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
NL1 Acquire Corp.	Delayed Draw	8.48%, 2.00% PIK	SOFR	400	5/26/2028	USD		235,688	$	229,784		$	235,688		1,3,4,8
NL1 Acquire Corp.	Delayed Draw	8.99%	CDOR	550	5/26/2028	CAD		1,904,934		1,476,258			1,325,172		1,3,4,5
NL1 Acquire Corp.	First Lien Term Loan	7.49%, 2.00% PIK	CDOR	400	5/26/2028	CAD		9,654,031		7,592,868			6,715,847		1,3,4,5,8
NL1 Acquire Corp.	First Lien Term Loan	9.98%	SOFR	550	5/26/2028	USD		2,042,250		2,021,828			2,019,708		1,3,4
Oil Changer Holding Corporation	Delayed Draw	11.30%	SOFR	675	2/8/2027	USD		100,085		98,920			98,158		1,3,4
Oil Changer Holding Corporation	Delayed Draw	11.27%	SOFR	675	2/8/2027	USD		3,045,441		1,817,087			1,793,503		1,3,4,7
Oil Changer Holding Corporation	Delayed Draw	11.23%	SOFR	675	2/8/2027	USD		19,962,031		19,660,321			19,577,668		1,3,4
Otter Learning, LLC	First Lien Term Loan	11.36%	SOFR	650	4/18/2028	USD		3,140,020		3,109,080			3,130,353		1,3,4
Otter Learning, LLC	Revolver	0.50%			4/18/2028	USD		1,000,000		(12,500	)		(3,079	)	1,2,3
Owl Rock Consumer Discretionary	First Lien Term Loan	9.33%	SOFR	500	3/26/2026	USD		29,082,448		28,986,155			28,979,799		1,3,4,6
Paperworks Industries, Inc.	First Lien Term Loan	12.99%	SOFR	825	6/30/2027	USD		8,334,907		8,261,930			8,255,466		1,3,4
Pareto Health Intermediate Holdings, Inc.	Revolver	0.50%			6/1/2029	USD		201,613		(6,048	)		(2,016	)	1,2,3
Pareto Health Intermediate Holdings, Inc.	Revolver	0.50%			6/1/2029	USD		1,651,376		(49,541	)		(16,514	)	1,2,3,6
Pareto Health Intermediate Holdings, Inc.	First Lien Term Loan	9.28%	SOFR	500	6/1/2030	USD		2,001,008		1,950,305			1,980,998		1,3,4
Pareto Health Intermediate Holdings, Inc.	First Lien Term Loan	9.28%	SOFR	500	6/1/2030	USD		16,400,229		15,982,316			16,236,227		1,3,4,6
Penney Borrower LLC	First Lien Term Loan	10.94%	SOFR	650	12/16/2026	USD		5,867,647		5,812,377			5,806,212		1,3,4,6
POY Holdings, LLC	Delayed Draw	10.24%	SOFR	550	11/16/2027	USD		918,280		913,253			910,074		1,3,4
POY Holdings, LLC	Delayed Draw	9.98%	SOFR	550	11/16/2027	USD		991,359		979,018			982,501		1,3,4
POY Holdings, LLC	Delayed Draw	1.00%			11/16/2027	USD		1,225,000		(11,754	)		(10,946	)	1,2,3
POY Holdings, LLC	First Lien Term Loan	9.98%	SOFR	550	11/16/2027	USD		26,854,797		26,543,833			26,614,839		1,3,4
POY Holdings, LLC	Delayed Draw	10.24%	SOFR	550	11/16/2027	USD		902,111		902,111			894,051		1,3,4
POY Holdings, LLC	Revolver	9.98%	SOFR	550	11/16/2027	USD		962,604		962,604			954,003		1,3,4
Premier Early Childhood Education Partners LLC	Delayed Draw	10.45%	SOFR	600	11/22/2028	USD		2,365,000		692,381			687,032		1,3,4,7
Quality Automotive Services, LLC	Delayed Draw	9.72%	SOFR	525	7/16/2027	USD		5,537,661		4,402,820			4,473,527		1,3,4,6,7
Quality Automotive Services, LLC	First Lien Term Loan	9.85%	SOFR	525	7/16/2027	USD		2,087,126		2,067,942			2,078,924		1,3,4,6
Quality Automotive Services, LLC	Revolver	0.50%			7/16/2027	USD		1,477,132		-			(5,805	)	1,2,3,6
Quick Quack Car Wash Holdings, LLC	Delayed Draw	9.20%	SOFR	475	6/10/2031	USD		700,000		689,970			694,397		1,3,4,6
Quick Quack Car Wash Holdings, LLC	Delayed Draw	9.15%	SOFR	475	6/10/2031	USD		583,333		574,951			578,664		1,3,4,6
Quick Quack Car Wash Holdings, LLC	Delayed Draw	9.12%	SOFR	475	6/10/2031	USD		466,667		459,922			462,931		1,3,4,6
Quick Quack Car Wash Holdings, LLC	Delayed Draw	9.11%	SOFR	475	6/10/2031	USD		6,416,666		2,170,830			2,211,973		1,3,4,6,7
Quick Quack Car Wash Holdings, LLC	First Lien Term Loan	9.11%	SOFR	475	6/10/2031	USD		13,000,000		12,814,674			12,813,987		1,3,4,6
Quick Quack Car Wash Holdings, LLC	Revolver	0.50%			6/10/2031	USD		2,333,333		(32,571	)		(33,387	)	1,2,3,6
Race Winning Brands, Inc.	First Lien Term Loan	10.24%	SOFR	525	11/16/2027	USD		19,098,245		18,867,800			18,115,047		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Race Winning Brands, Inc.	First Lien Term Loan	10.24%	SOFR	525	11/16/2027	USD		6,604,495	$	6,524,281		$	6,264,489		1,3,4,6
Race Winning Brands, Inc.	Revolver	10.16%	SOFR	525	11/16/2027	USD		3,125,000		1,138,021			984,955		1,3,4,7
Raney's, LLC	First Lien Term Loan	10.08%	SOFR	575	6/7/2027	USD		1,111,145		1,098,125			1,097,256		1,3,4
Raney's, LLC	Revolver	0.50%			6/7/2027	USD		105,600		(1,225	)		(1,320	)	1,2,3
Rawlings Sports Goods Company, Inc.	First Lien Term Loan	10.17%	SOFR	550	11/26/2030	USD		640,467		640,467			640,467		1,3,4,6
RefrigiWear, LLC	First Lien Term Loan	9.66%	SONIA	465	11/2/2027	GBP		9,000,000		11,290,421			11,266,900		1,3,4,5
RefrigiWear, LLC	First Lien Term Loan	9.03%	SOFR	450	11/2/2027	USD		1,483,623		1,468,786			1,483,623		1,3,4
RefrigiWear, LLC	First Lien Term Loan	9.03%	SOFR	450	6/4/2029	USD		15,266,406		15,113,742			15,266,406		1,3,4
RefrigiWear, LLC	Revolver	0.50%			6/4/2029	USD		2,601,896		-			-		1,2,3
Regent Holding Company, LLC	First Lien Term Loan	12.21%	SOFR	775	2/26/2026	USD		11,038,534		10,980,709			10,984,102		1,3,4,9,10,11
Regent Holding Company, LLC	Revolver	0.50%			2/26/2026	USD		1,917,293		-			(9,454	)	1,2,3
Regent Holding Company, LLC	First Lien Term Loan	12.21%	SOFR	775	2/26/2026	USD		1,057,331		1,032,693			1,052,117		1,3,4
Riverside Assessments, LLC	First Lien Term Loan	9.58%	SOFR	525	3/19/2031	USD		41,500,000		40,735,664			40,638,955		1,3,4
Riverside Assessments, LLC	Revolver	12.25%	PRIME	525	3/19/2031	USD		600,000		589,067			587,551		1,3,4
Riverside Assessments, LLC	Revolver	9.60%	SOFR	525	3/19/2031	USD		400,000		392,712			391,701		1,3,4
Riverside Assessments, LLC	Revolver	9.58%	SOFR	525	3/19/2031	USD		597,481		586,477			585,084		1,3,4
Riverside Assessments, LLC	Revolver	0.50%			3/19/2031	USD		4,402,519		(78,386	)		(91,344	)	1,2,3
Shock Doctor Intermediate LLC	First Lien Term Loan	10.35%	SOFR	575	11/20/2029	USD		10,445,829		10,274,390			10,445,829		1,3,4,6
Shock Doctor Intermediate LLC	Revolver	0.50%			11/20/2029	USD		2,099,664		(34,490	)		-		1,2,3,6
Southern Air & Heat Holdings, LLC	First Lien Term Loan	9.93%	SOFR	525	10/1/2027	USD		34,964,002		10,361,680			11,344,016		1,3,4,7
Spanx, LLC	Revolver	0.50%			11/18/2027	USD		12,096,621		-			-		1,2,3
Spanx, LLC	First Lien Term Loan	9.71%	SOFR	525	11/18/2028	USD		61,375,394		60,579,197			61,375,395		1,3,4
Speedstar Holding, LLC	Delayed Draw	10.31%	SOFR	600	1/22/2027	USD		306,466		297,272			305,450		1,3,4
Speedstar Holding, LLC	First Lien Term Loan	10.31%	SOFR	600	1/22/2027	USD		9,194,834		9,071,392			9,164,370		1,3,4
ST Athena Global LLC	Revolver	9.80%	SOFR	525	8/20/2029	USD		3,761,472		856,550			875,412		1,3,4,7
ST Athena Global LLC	Delayed Draw	9.77%	SOFR	525	8/20/2030	USD		1,207,897		256,229			262,997		1,3,4,7
ST Athena Global LLC	First Lien Term Loan	9.95%	SONIA	525	8/20/2030	GBP		10,146,337		13,091,600			12,588,478		1,3,4,5
ST Athena Global LLC	First Lien Term Loan	9.87%	SOFR	525	8/20/2030	USD		22,144,783		21,827,258			21,946,912		1,3,4
Stanton Carpet Corp.	Revolver	0.50%			10/1/2026	USD		1,189,468		-			-		1,2,3
Stanton Carpet Corp.	First Lien Term Loan	9.48%	SOFR	500	10/1/2027	USD		8,917,812		8,827,159			8,917,812		1,3,4
Stepping Stones Healthcare Services, LLC	Revolver	0.50%			12/30/2026	USD		2,000,000		(134,065	)		-		1,2,3
Summit Buyer, LLC	Delayed Draw	9.08%	SOFR	475	5/31/2026	USD		15,538,044		510,795			522,293		1,3,4,7
Summit Buyer, LLC	Revolver	0.50%			5/31/2030	USD		5,706,522		(51,573	)		(45,848	)	1,2,3
Summit Buyer, LLC	Delayed Draw	9.08%	SOFR	475	5/31/2031	USD		8,918,478		8,838,910			8,848,609		1,3,4
Summit Buyer, LLC	First Lien Term Loan	9.08%	SOFR	475	5/31/2031	USD		44,836,957		44,414,860			44,485,695		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Sun Acquirer Corp.	Revolver	0.50%			9/5/2027	USD		243,455	$	-		$	-		1,2,3,6
Sun Acquirer Corp.	Delayed Draw	9.49%	SOFR	500	9/5/2028	USD		6,129,860		1,094,588			1,094,825		1,3,4,6,7
Sun Acquirer Corp.	First Lien Term Loan	9.49%	SOFR	500	9/5/2028	USD		2,626,682		2,625,942			2,625,938		1,3,4,6
Team Acquisition Corporation	Revolver	0.50%			11/21/2028	USD		4,618,975		(144,647	)		-		1,2,3,6
Team Acquisition Corporation	First Lien Term Loan	10.94%	SOFR	650	11/21/2029	USD		8,180,362		7,877,487			8,180,362		1,3,4
Team Acquisition Corporation	First Lien Term Loan	10.83%	SOFR	650	11/21/2029	USD		14,207,086		13,703,162			14,207,086		1,3,4
The One Group, LLC	First Lien Term Loan	10.08%	SOFR	650	5/1/2029	USD		8,900,000		8,660,314			8,633,000		1,3,4
The Vertex Companies, Inc.	First Lien Term Loan	9.33%	SOFR	500	8/31/2028	USD		7,906,420		7,791,830			7,793,773		1,3,4
TickPick Intermediate Holdings, LLC	First Lien Term Loan	9.58%	SOFR	525	7/2/2030	USD		8,449,000		8,290,113			8,309,301		1,3,4
TickPick Intermediate Holdings, LLC	Revolver	10.09%	SOFR	550	7/2/2030	USD		551,000		196,531			196,775		1,3,4,7
Titan Home Improvement, LLC	Delayed Draw	1.00%			5/31/2030	USD		976,744		(18,608	)		(18,310	)	1,2,3
Titan Home Improvement, LLC	First Lien Term Loan	10.26%	SOFR	575	5/31/2030	USD		5,209,302		5,112,398			5,111,649		1,3,4
Titan Home Improvement, LLC	Revolver	0.50%			5/31/2030	USD		813,953		(14,720	)		(15,258	)	1,2,3
Treehouse Junior Limited	First Lien Term Loan	9.54%	SOFR	500	3/25/2028	USD		7,754,716		7,691,185			7,754,717		1,3,4
TruBlue LLC	Delayed Draw	1.00%			1/11/2029	USD		418,500		(4,998	)		(8,370	)	1,2,3
TruBlue LLC	First Lien Term Loan	9.86%	SOFR	550	1/11/2029	USD		936,600		924,831			917,868		1,3,4
TruBlue LLC	Revolver	0.50%			1/11/2029	USD		257,000		(3,062	)		(5,140	)	1,2,3
US Fitness Holdings, LLC	Revolver	10.16%	SOFR	550	9/4/2030	USD		360,377		357,370			357,505		1,3,4,6
US Fitness Holdings, LLC	Revolver	10.02%	SOFR	550	9/4/2030	USD		80,769		79,909			80,126		1,3,4,6
US Fitness Holdings, LLC	Revolver	0.50%			9/4/2030	USD		1,764,585		(15,342	)		(14,060	)	1,2,3,6
US Fitness Holdings, LLC	Delayed Draw	1.00%			9/4/2031	USD		5,169,231		(55,713	)		(41,190	)	1,2,3,6
US Fitness Holdings, LLC	First Lien Term Loan	10.02%	SOFR	550	9/4/2031	USD		20,676,923		20,455,398			20,512,163		1,3,4,6
Vehicle Accessories, Inc.	First Lien Term Loan	9.72%	SOFR	525	11/30/2026	USD		2,535,922		2,511,664			2,494,332		1,3,4
Vehicle Accessories, Inc.	First Lien Term Loan	9.72%	SOFR	525	11/30/2026	USD		8,063,537		7,960,089			7,931,295		1,3,4,6
Vehicle Accessories, Inc.	Revolver	10.20%	SOFR	525	11/30/2026	USD		219,280		71,052			69,496		1,3,4,7
Vertex Service Partners, LLC	Delayed Draw	10.11%	SOFR	575	11/8/2030	USD		11,616,215		7,420,739			7,591,066		1,3,4,6,7
Vertex Service Partners, LLC	Delayed Draw	10.11%	SOFR	575	11/8/2030	USD		7,544,551		7,374,708			7,544,551		1,3,4
Vertex Service Partners, LLC	First Lien Term Loan	10.11%	SOFR	575	11/8/2030	USD		3,904,796		3,827,573			3,904,797		1,3,4
Vertex Service Partners, LLC	First Lien Term Loan	10.11%	SOFR	575	11/8/2030	USD		3,914,608		3,827,712			3,914,608		1,3,4,6
Vertex Service Partners, LLC	Revolver	10.11%	SOFR	575	11/8/2030	USD		1,017,443		763,274			784,885		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Vertex Service Partners, LLC	Revolver	10.11%	SOFR	575	11/8/2030	USD		1,017,443	$	879,519		$	901,164		1,3,4,6,7
Vertex Service Partners, LLC	Delayed Draw	10.11%	SOFR	575	8/31/2028	USD		11,252,703		(14,677	)		(11,427	)	1,3,4,7
Vertex Service Partners, LLC	Revolver	0.50%			8/31/2028	USD		2,726,352		(39,205	)		(38,844	)	1,2,3
Weber-Stephen Products, LLC	Revolver	10.30%	SOFR	575	12/19/2026	USD		1,608,983		1,575,454			1,604,593		1,3,4,6
Weber-Stephen Products, LLC	Revolver	0.75%			12/19/2026	USD		5,057,683		176,445			265,399		1,3,6,7
Wheels Bidco, Inc.	First Lien Term Loan	10.07%	SOFR	550	11/1/2031	USD		25,000,000		24,630,967			24,643,303		1,3,4
Woof Holdings, Inc.	Second Lien Term Loan	11.98%	SOFR	725	12/21/2028	USD		8,000,000		7,899,202			7,964,293		1,3,4,9
WU Holdco, Inc.	Revolver	9.33%	SOFR	500	3/26/2027	USD		224,427		222,519			223,634		1,3,4,6
WU Holdco, Inc.	Revolver	0.50%			3/26/2027	USD		134,731		(1,137	)		(476	)	1,2,3,6
WU Holdco, Inc.	Delayed Draw	9.33%	SOFR	500	7/11/2032	USD		7,075,489		4,901,249			4,944,715		1,3,4,7
										1,444,697,381			1,447,509,954
Consumer Staples — 0.9%
Badia Spices, LLC	First Lien Term Loan	9.07%	SOFR	450	11/1/2030	USD		1,498,139		1,472,455			1,473,016		1,3,4,6
Badia Spices, LLC	Revolver	0.50%			11/1/2030	USD		89,070		(1,516	)		(1,494	)	1,2,3,6
Baxters North America Holdings, Inc.	First Lien Term Loan	11.76%	SOFR	725	5/31/2028	USD		23,229,444		22,797,272			22,626,555		1,3,4
BCPE North Star US Holdco 2, Inc.	First Lien Term Loan	8.47%	SOFR	400	6/10/2028	USD		13,601,825		13,499,812			13,122,361		1,3,4
C.P. Converters, Inc.	First Lien Term Loan	12.12%	ARR CSA	750	10/7/2024	USD		3,243,689		3,232,366			3,139,371		1,3,4
Demakes Borrower, LLC	Delayed Draw	1.00%			12/12/2029	USD		1,152,000		(26,391	)		-		1,2,3
Demakes Borrower, LLC	First Lien Term Loan	10.45%	SOFR	600	12/12/2029	USD		4,067,265		3,978,754			4,067,265		1,3,4
Eagle Family Foods, Inc.	First Lien Term Loan	9.27%	SOFR	500	8/12/2030	USD		35,955,056		35,612,558			35,666,353		1,3,4
Eagle Family Foods, Inc.	Revolver	9.27%	SOFR	500	8/12/2030	USD		4,044,943		1,085,541			1,091,117		1,3,4,7
GOJO Industries Holdings, Inc.	First Lien Term Loan	14.01% PIK			10/26/2028	USD		25,036,770		24,438,063			24,762,929		1,3,4,8
Great Kitchens Food Company, Inc.	First Lien Term Loan	10.36%	SOFR	600	5/31/2029	USD		8,372,881		8,220,427			8,205,424		1,3,4
Great Kitchens Food Company, Inc.	Revolver	10.36%	SOFR	600	5/31/2029	USD		1,412,429		87,998			84,746		1,3,4,7
JTM Foods, LLC	Delayed Draw	9.73%	SOFR	525	5/14/2027	USD		1,026,206		1,014,551			1,026,206		1,3,4
JTM Foods, LLC	First Lien Term Loan	9.89%	SOFR	525	5/14/2027	USD		7,471,286		7,377,895			7,471,286		1,3,4
JTM Foods, LLC	First Lien Term Loan	9.73%	SOFR	525	5/14/2027	USD		1,323,622		1,315,996			1,323,622		1,3,4
JTM Foods, LLC	Revolver	9.99%	SOFR	525	5/14/2027	USD		1,119,194		1,004,363			1,007,275		1,3,4,7
JTM Foods, LLC	Revolver	9.92%	SOFR	525	5/14/2027	USD		559,597		554,001			559,597		1,3,4
KNPC Holdco, LLC	First Lien Term Loan	10.27%	SOFR	585	10/22/2029	USD		5,252,577		5,096,981			5,095,000		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
LJ Perimeter Buyer, Inc.	First Lien Term Loan	11.24%	SOFR	650	10/31/2028	USD		7,538	$	7,530		$	7,566		1,3,4
Purfoods, LLC	Delayed Draw	9.58%	SOFR	525	8/12/2026	USD		2,932,031		2,902,711			2,920,508		1,3,4
Purfoods, LLC	First Lien Term Loan	9.58%	SOFR	525	8/12/2026	USD		4,331,250		4,287,937			4,314,228		1,3,4
Qin's Buffalo, LLC	Delayed Draw	10.33%	SOFR	600	5/5/2027	USD		1,038,001		440,378			437,257		1,3,4,7
QVF Acquisition, Inc.	Delayed Draw	1.00%			12/23/2030	USD		2,727,272		(40,746	)		(40,910	)	1,2,3,6
QVF Acquisition, Inc.	First Lien Term Loan	9.61%	SOFR	525	12/23/2030	USD		10,454,546		10,298,200			10,297,727		1,3,4,6
QVF Acquisition, Inc.	Revolver	9.61%	SOFR	525	12/23/2030	USD		1,818,182		63,745			63,637		1,3,4,6,7
RB Holdings Interco, LLC	Revolver	9.43%	SOFR	500	5/4/2028	USD		1,385,080		1,253,036			1,243,415		1,3,4,6,7
Sun Orchard, LLC	Delayed Draw	1.00%			7/8/2028	USD		1,593,012		(22,986	)		(23,896	)	1,2,3
Sun Orchard, LLC	First Lien Term Loan	10.09%	SOFR	550	7/8/2028	USD		3,950,668		3,892,597			3,891,408		1,3,4
SWK Buyer, Inc.	First Lien Term Loan	9.75%	SOFR	525	3/11/2029	USD		12,904,715		12,775,668			12,014,291		1,3,4
SWK Buyer, Inc.	Revolver	0.50%			3/11/2029	USD		1,228,070		-			(84,737	)	1,2,3
Tropical Bidco, LLC	First Lien Term Loan	9.11%	SOFR	475	12/10/2030	USD		17,272,727		17,015,509			17,013,636		1,3,4
Tropical Bidco, LLC	Revolver	9.11%	SOFR	475	12/10/2030	USD		2,727,272		414,022			413,636		1,3,4,7
Vytalogy Wellness	First Lien Term Loan	10.60%	SOFR	635	11/30/2026	USD		5,370,334		5,276,278			5,253,687		1,3,4,6
Woodland Foods, Inc.	First Lien Term Loan	9.87%	SOFR	550	12/1/2027	USD		4,886,935		4,837,826			4,843,268		1,3,4
WPP Bullet Buyer, LLC	Revolver	10.34%	SOFR	575	12/7/2029	USD		3,868,280		2,959,527			2,976,227		1,3,4,6,7
WPP Bullet Buyer, LLC	First Lien Term Loan	9.68%	SOFR	525	12/7/2030	USD		37,113,352		36,447,856			36,595,964		1,3,4,6
										233,570,214			232,857,541
Energy — 0.3%
DMC Holdco, LLC	Delayed Draw	1.00%			7/13/2029	USD		3,917,586		(48,970	)		(35,005	)	1,2,3,6
DMC Holdco, LLC	First Lien Term Loan	10.15%	SOFR	575	7/13/2029	USD		11,664,611		11,424,152			11,560,384		1,3,4,6
DMC Holdco, LLC	Revolver	0.50%			7/13/2029	USD		2,611,724		-			(23,337	)	1,2,3,6
Integrated Power Services Holdings, Inc.	Revolver	11.25%	PRIME	350	11/22/2027	USD		2,427,409		2,283,282			2,272,690		1,3,4,6,7
Integrated Power Services Holdings, Inc.	Delayed Draw	8.97%	SOFR	450	11/22/2028	USD		13,841,875		5,175,702			5,179,388		1,3,4,6,7
Integrated Power Services Holdings, Inc.	First Lien Term Loan	8.97%	SOFR	450	11/22/2028	USD		3,425,934		3,410,757			3,410,985		1,3,4,6
Integrated Power Services Holdings, Inc.	First Lien Term Loan	8.97%	SOFR	450	11/22/2028	USD		10,000,000		9,952,255			9,956,365		1,3,4
KENE Acquisition, Inc.	Delayed Draw	9.61%	SOFR	525	2/7/2031	USD		5,125,615		498,411			594,938		1,3,4,6,7
KENE Acquisition, Inc.	Delayed Draw	9.59%	SOFR	525	2/7/2031	USD		594,937		583,745			594,938		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
KENE Acquisition, Inc.	Delayed Draw	9.61%	SOFR	525	2/8/2031	USD		5,179,775	$	634,284		$	730,336		1,3,4,7
KENE Acquisition, Inc.	Delayed Draw	9.59%	SOFR	525	2/8/2031	USD		438,202		430,118			438,202		1,3,4
KENE Acquisition, Inc.	First Lien Term Loan	9.85%	SOFR	525	2/8/2031	USD		9,522,472		9,344,453			9,522,472		1,3,4
KENE Acquisition, Inc.	First Lien Term Loan	9.84%	SOFR	525	2/8/2031	USD		3,166,222		3,108,624			3,166,222		1,3,4
KENE Acquisition, Inc.	First Lien Term Loan	9.84%	SOFR	525	2/8/2031	USD		12,896,129		12,660,235			12,896,129		1,3,4,6
KENE Acquisition, Inc.	Revolver	0.50%			2/8/2031	USD		1,685,393		(30,685	)		-		1,2,3
KENE Acquisition, Inc.	Revolver	0.50%			2/8/2031	USD		1,716,166		(30,283	)		-		1,2,3,6
Meritum Energy Holdings, LP	First Lien Term Loan	12.01%	SOFR	750	12/6/2028	USD		5,326,000		5,220,892			5,219,480		1,3,4
										64,616,972			65,484,187
Financials — 11.9%
1364720 B.C. LTD	Delayed Draw	7.67%	CORRA	450	9/9/2028	CAD		4,997,050		2,741,092			2,591,187		1,3,4,5,7
1364720 B.C. LTD	First Lien Term Loan	7.67%	CDOR	450	9/9/2028	CAD		11,298,750		8,341,035			7,860,000		1,3,4,5
1364720 B.C. LTD	Revolver	0.50%			9/9/2028	CAD		2,000,000		(29,940	)		(105,702	)	1,2,3,5
Accession Risk Management Group	Delayed Draw	9.34%	SOFR	475	11/1/2029	USD		7,906,197		7,792,242			7,906,197		1,3,4
Accession Risk Management Group	Delayed Draw	9.27%	SOFR	475	11/1/2029	USD		222,372		222,372			222,372		1,3,4
Accession Risk Management Group	Delayed Draw	9.26%	SOFR	475	11/1/2029	USD		112,332		112,332			112,332		1,3,4
Accession Risk Management Group	Delayed Draw	9.18%	SOFR	475	11/1/2029	USD		3,834,532		3,834,532			3,834,532		1,3,4
Accession Risk Management Group	Delayed Draw	9.15%	SOFR	475	11/1/2029	USD		13,536,250		107,527			170,625		1,3,4,7
Accession Risk Management Group	Delayed Draw	9.08%	SOFR	475	11/1/2029	USD		10,386,203		10,386,203			10,386,203		1,3,4
Accession Risk Management Group	First Lien Term Loan	9.34%	SOFR	475	11/1/2029	USD		50,382,288		50,382,289			50,382,288		1,3,4,6
Accession Risk Management Group	First Lien Term Loan	9.34%	SOFR	475	11/1/2029	USD		4,478,235		4,478,236			4,478,235		1,3,4
Accession Risk Management Group	First Lien Term Loan	9.26%	SOFR	475	11/1/2029	USD		139,194		139,194			139,194		1,3,4
Accession Risk Management Group	First Lien Term Loan	9.08%	SOFR	475	11/1/2029	USD		17,797,902		17,642,435			17,797,902		1,3,4
Accession Risk Management Group	Revolver	0.50%			11/1/2029	USD		1,750,000		(8,154	)		-		1,2,3
Accession Risk Management Group	Revolver	0.50%			11/1/2029	USD		278,637		(1,303	)		-		1,2,3,6
Accuserve Solutions, Inc.	Delayed Draw	10.03%	SOFR	525	3/15/2030	USD		12,331,280		4,850,234			4,787,200		1,3,4,7
Accuserve Solutions, Inc.	First Lien Term Loan	10.03%	SOFR	525	3/15/2030	USD		56,092,682		55,371,541			55,327,554		1,3,4
Accuserve Solutions, Inc.	Revolver	0.50%			3/15/2030	USD		6,420,456		(191,736	)		(87,579	)	1,2,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Accuserve Solutions, Inc.	Delayed Draw	10.03%	SOFR	525	8/11/2029	USD		241,379	$	238,966		$	238,087		1,3,4
Accuserve Solutions, Inc.	First Lien Term Loan	10.03%	SOFR	525	8/11/2029	USD		17,166,305		16,885,230			16,932,149		1,3,4
Afore Insurance Services, LLC	Delayed Draw	1.00%			9/6/2029	USD		6,354,000		(90,819	)		(41,136	)	1,2,3
Afore Insurance Services, LLC	First Lien Term Loan	10.44%	SOFR	600	9/6/2029	USD		3,177,000		3,131,652			3,140,531		1,3,4
Afore Insurance Services, LLC	Revolver	0.50%			9/6/2029	USD		635,000		(8,920	)		(8,878	)	1,2,3
AIS Holdco, LLC	First Lien Term Loan	10.33%	SOFR	600	5/21/2029	USD		32,000,000		31,419,846			31,592,337		1,3,4
AIS Holdco, LLC	Revolver	0.50%			5/21/2029	USD		3,000,000		(52,784	)		(38,218	)	1,2,3
Alera Group Holdings, Inc.	Delayed Draw	10.28%	SOFR	575	10/2/2028	USD		118,094		117,081			118,094		1,3,4,6
Alera Group Holdings, Inc.	Delayed Draw	10.11%	SOFR	575	10/2/2028	USD		2,045,029		1,775,481			1,793,096		1,3,4,6,7
Alera Group Holdings, Inc.	Delayed Draw	10.09%	SOFR	575	10/2/2028	USD		2,558,699		2,535,990			2,558,699		1,3,4,6
Alera Group Holdings, Inc.	Delayed Draw	9.61%	SOFR	525	10/2/2028	USD		29,446,413		29,102,932			29,266,777		1,3,4
Alera Group Holdings, Inc.	Delayed Draw	10.11%	SOFR	575	10/2/2028	USD		14,923,993		13,998,762			14,129,248		1,3,4,7
Alera Group Holdings, Inc.	First Lien Term Loan	9.61%	SOFR	525	10/2/2028	USD		26,945,528		26,561,094			26,741,463		1,3,4
Alkeme Intermediary Holding LLC	Delayed Draw	10.30%	SOFR	575	10/28/2026	USD		1,351,562		1,333,280			1,333,355		1,3,4
Alkeme Intermediary Holding LLC	Delayed Draw	10.26%	SOFR	575	10/28/2026	USD		194,415		191,782			191,796		1,3,4
Alkeme Intermediary Holding LLC	Delayed Draw	10.11%	SOFR	575	10/28/2026	USD		9,275,861		9,150,673			9,150,904		1,3,4
Alkeme Intermediary Holding LLC	Delayed Draw	1.00%			10/28/2026	USD		12,511,495		(172,235	)		(168,545	)	1,2,3
Alkeme Intermediary Holding LLC	First Lien Term Loan	10.08%	SOFR	575	10/28/2026	USD		11,666,667		11,517,441			11,509,558		1,3,4
Allworth Financial Group, L.P.	Delayed Draw	9.36%	SOFR	500	12/23/2027	USD		42,939,259		32,975,193			33,153,575		1,3,4,7
Allworth Financial Group, L.P.	Delayed Draw	9.36%	SOFR	500	12/23/2027	USD		17,360,332		6,456,557			6,528,596		1,3,4,6,7
Allworth Financial Group, L.P.	Revolver	0.50%			12/23/2027	USD		441,696		(4,135	)		(4,182	)	1,2,3
Allworth Financial Group, L.P.	Revolver	0.50%			12/23/2027	USD		502,365		(4,788	)		(4,757	)	1,2,3,6
Amba Buyer, Inc.	Delayed Draw	9.68%	SOFR	525	7/30/2027	USD		14,235,637		4,671,892			4,699,620		1,3,4,7
Amba Buyer, Inc.	First Lien Term Loan	9.68%	SOFR	525	7/30/2027	USD		12,161,110		12,039,499			12,084,099		1,3,4
AmeriLife Holdings, LLC	Revolver	0.50%			8/31/2028	USD		3,323,169		-			(3,080	)	1,2,3
AmeriLife Holdings, LLC	Delayed Draw	9.70%	SOFR	500	8/31/2029	USD		32,684,587		29,613,539			30,085,206		1,3,4,7
AmeriLife Holdings, LLC	Delayed Draw	9.70%	SOFR	500	8/31/2029	USD		3,701,878		3,281,341			3,340,601		1,3,4,6,7
AmeriLife Holdings, LLC	Delayed Draw	9.39%	SOFR	500	8/31/2029	USD		97,286		96,386			97,064		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
AmeriLife Holdings, LLC	First Lien Term Loan	9.70%	SOFR	500	8/31/2029	USD		25,597,530	$	25,313,290		$	25,563,556		1,3,4
Aprio Advisory Group, LLC	Delayed Draw	9.25%	SOFR	475	8/1/2031	USD		3,947,368		1,783,062			1,786,625		1,3,4,7
Aprio Advisory Group, LLC	First Lien Term Loan	9.32%	SOFR	475	8/1/2031	USD		9,078,947		8,990,676			8,998,197		1,3,4
Aprio Advisory Group, LLC	Revolver	9.32%	SOFR	475	8/1/2031	USD		1,973,684		612,543			614,025		1,3,4,7
Apus Bidco Limited	First Lien Term Loan	10.73%	SONIA	578	2/9/2028	GBP		10,791,367		14,587,185			13,469,905		1,3,4,5
AQ Sage Buyer, LLC	First Lien Term Loan	10.48%	SOFR	600	1/25/2027	USD		24,423,730		24,219,328			24,144,370		1,3,4
AQ Sunshine, Inc.	Revolver	9.58%	SOFR	525	7/24/2030	USD		2,274,642		547,256			547,495		1,3,4,6,7
AQ Sunshine, Inc.	Delayed Draw	9.84%	SOFR	525	7/24/2031	USD		309,351		306,358			308,021		1,3,4,6
AQ Sunshine, Inc.	Delayed Draw	9.61%	SOFR	525	7/24/2031	USD		787,026		779,396			783,641		1,3,4,6
AQ Sunshine, Inc.	Delayed Draw	9.58%	SOFR	525	7/24/2031	USD		11,186,689		1,301,555			1,362,157		1,3,4,6,7
AQ Sunshine, Inc.	First Lien Term Loan	9.58%	SOFR	525	7/24/2031	USD		23,342,883		23,117,979			23,125,673		1,3,4,6
Arax MidCo, LLC	Delayed Draw	9.50%	SOFR	500	4/11/2029	USD		7,814,655		4,117,315			4,178,665		1,3,4,6,7
Arax MidCo, LLC	First Lien Term Loan	9.29%	SOFR	500	4/11/2029	USD		15,030,173		14,761,310			14,868,789		1,3,4,6
Arax MidCo, LLC	Revolver	9.52%	SOFR	500	4/11/2029	USD		2,155,173		35,124			49,057		1,3,4,6,7
Arden Insurance Services LLC	First Lien Term Loan	9.58%	SOFR	525	11/27/2030	USD		6,585,366		6,487,712			6,486,585		1,3,4
Arden Insurance Services LLC	Revolver	9.58%	SOFR	525	11/27/2030	USD		914,634		169,412			169,207		1,3,4,7
Ardonagh Midco 3 PLC	Delayed Draw	1.00%			2/15/2031	AUD		13,637,198		(176,959	)		(334,468	)	1,2,3,5
Ardonagh Midco 3 PLC	First Lien Term Loan	9.90%	SOFR	525	2/15/2031	USD		47,680,585		46,984,744			47,680,585		1,3,4
Ardonagh Midco 3 PLC	First Lien Term Loan	8.39%	EURIBOR	475	2/15/2031	EUR		17,072,535		18,364,488			17,684,416		1,3,4,5
Ascend Partner Services LLC	Delayed Draw	1.00%			8/9/2031	USD		44,021,827		(428,258	)		(56,153	)	1,2,3
Ascend Partner Services LLC	First Lien Term Loan	8.86%	SOFR	450	8/9/2031	USD		17,619,020		17,449,890			17,511,781		1,3,4
Ascend Partner Services LLC	Revolver	8.84%	SOFR	450	8/9/2031	USD		8,804,365		5,199,483			5,229,031		1,3,4,7
Babylon Buyer, Inc.	First Lien Term Loan	10.15%	SOFR	575	3/8/2030	USD		12,960,292		12,785,356			12,736,801		1,3,4
Babylon Buyer, Inc.	Revolver	10.15%	SOFR	575	3/8/2030	USD		210,117		207,281			206,493		1,3,4
Babylon Buyer, Inc.	Revolver	10.13%	SOFR	575	3/8/2030	USD		315,175		310,925			309,740		1,3,4
Baker Tilly Advisory Group, LP	Revolver	0.50%			6/3/2030	USD		1,024,648		(13,915	)		(1,413	)	1,2,3
Baker Tilly Advisory Group, LP	Delayed Draw	1.00%			6/3/2031	USD		1,070,072		(15,410	)		(29	)	1,2,3
Baker Tilly Advisory Group, LP	First Lien Term Loan	9.11%	SOFR	475	6/3/2031	USD		7,100,235		6,999,942			7,100,045		1,3,4
Beacon Pointe Harmony LLC	Revolver	0.50%			12/29/2027	USD		639,000		-			-		1,2,3
Beacon Pointe Harmony LLC	Delayed Draw	9.11%	SOFR	475	12/29/2028	USD		22,624,786		2,917,689			3,037,733		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Beacon Pointe Harmony LLC	Delayed Draw	9.04%	SOFR	475	12/29/2028	USD		520,000	$	518,211		$	520,000		1,3,4
Beacon Pointe Harmony LLC	First Lien Term Loan	9.11%	SOFR	475	12/29/2028	USD		11,014,002		10,908,597			11,014,002		1,3,4
Belmont Buyer, Inc.	Delayed Draw	10.93%	SOFR	650	6/21/2029	USD		2,518,953		2,443,492			2,569,333		1,3,4
Belmont Buyer, Inc.	First Lien Term Loan	10.84%	SOFR	650	6/21/2029	USD		10,599,331		10,340,260			10,811,318		1,3,4
Belmont Buyer, Inc.	Revolver	10.95%	SOFR	650	6/21/2029	USD		1,264,535		758,721			758,721		1,3,4,7
Captive Resources Midco, LLC	Revolver	0.50%			7/1/2028	USD		79,053		-			-		1,2,3,6
Captive Resources Midco, LLC	First Lien Term Loan	9.34%	SOFR	475	7/1/2029	USD		1,060,351		1,060,351			1,060,351		1,3,4,6
Carr, Riggs and Ingram Capital, L.L.C.	Delayed Draw	1.00%			11/18/2031	USD		7,637,346		(75,986	)		(76,373	)	1,2,3,6
Carr, Riggs and Ingram Capital, L.L.C.	First Lien Term Loan	9.24%	SOFR	475	11/18/2031	USD		15,056,481		14,906,987			14,905,917		1,3,4,6
Carr, Riggs and Ingram Capital, L.L.C.	Revolver	9.24%	SOFR	475	11/18/2031	USD		3,491,358		401,848			401,507		1,3,4,6,7
CC SAG Acquisition Corp.	Revolver	12.25%	PRIME	425	6/29/2027	USD		699,301		699,301			690,725		1,3,4
CC SAG Acquisition Corp.	Delayed Draw	9.58%	SOFR	525	6/29/2028	USD		11,720,575		5,760,975			5,772,528		1,3,4,7
CC SAG Acquisition Corp.	First Lien Term Loan	9.58%	SOFR	525	6/29/2028	USD		18,573,057		18,294,461			18,345,297		1,3,4
Cerity Partners, LLC	Revolver	0.50%			7/28/2028	USD		2,201,035		(20,567	)		(3,142	)	1,2,3,6
Cerity Partners, LLC	Delayed Draw	9.76%	SOFR	525	7/28/2029	USD		17,431,300		16,890,701			17,406,420		1,3,4
Cerity Partners, LLC	Delayed Draw	9.76%	SOFR	525	7/28/2029	USD		12,000,001		11,733,975			11,982,872		1,3,4,6
Cerity Partners, LLC	Delayed Draw	9.57%	SOFR	525	7/28/2029	USD		19,259,055		8,413,662			8,571,504		1,3,4,6,7
Cerity Partners, LLC	Delayed Draw	9.57%	SOFR	525	7/28/2029	USD		12,155,769		5,318,308			5,410,090		1,3,4,7
Cerity Partners, LLC	First Lien Term Loan	9.76%	SOFR	525	7/28/2029	USD		19,437,600		19,054,026			19,409,857		1,3,4
Cerity Partners, LLC	Revolver	10.90%	SOFR	650	7/28/2029	USD		1,832,423		65,357			84,087		1,3,4,7
CFGI Holdings, LLC	First Lien Term Loan	8.86%	SOFR	450	11/2/2027	USD		14,448,905		14,304,416			14,345,835		1,3,4
CFGI Holdings, LLC	Revolver	0.50%			11/2/2027	USD		1,751,825		(17,518	)		(12,321	)	1,2,3
Cherry Bekaert Advisory LLC	Delayed Draw	9.61%	SOFR	525	6/30/2028	USD		2,812,500		2,440,688			2,493,750		1,3,4,7
Cherry Bekaert Advisory LLC	Delayed Draw	9.61%	SOFR	525	6/30/2028	USD		3,093,750		2,704,350			2,743,125		1,3,4,6,7
Cherry Bekaert Advisory LLC	First Lien Term Loan	9.61%	SOFR	525	6/30/2028	USD		2,171,094		2,136,619			2,171,094		1,3,4
Cherry Bekaert Advisory LLC	First Lien Term Loan	9.61%	SOFR	525	6/30/2028	USD		2,388,203		2,350,022			2,388,203		1,3,4,6
Cherry Bekaert Advisory LLC	Revolver	0.50%			6/30/2028	USD		2,373,418		-			-		1,2,3,6
Citrin Cooperman Advisors, LLC	Delayed Draw	9.63%	SOFR	525	10/1/2027	USD		28,727,504		23,086,971			23,556,292		1,3,4,7
Citrin Cooperman Advisors, LLC	Delayed Draw	9.53%	SOFR	525	10/1/2027	USD		8,826,755		7,084,135			7,236,107		1,3,4,6,7
Citrin Cooperman Advisors, LLC	Delayed Draw	9.28%	SOFR	500	10/1/2027	USD		43,887,570		42,982,909			43,887,570		1,3,4
Citrin Cooperman Advisors, LLC	Delayed Draw	9.28%	SOFR	500	10/1/2027	USD		447,043		434,620			447,043		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Citrin Cooperman Advisors, LLC	First Lien Term Loan	9.63%	SOFR	525	10/1/2027	USD		4,093,563	$	4,030,699		$	4,093,563		1,3,4
Citrin Cooperman Advisors, LLC	First Lien Term Loan	9.53%	SOFR	525	10/1/2027	USD		1,259,263		1,239,707			1,259,263		1,3,4,6
Citrin Cooperman Advisors, LLC	First Lien Term Loan	9.28%	SOFR	500	10/1/2027	USD		12,569,446		12,167,899			12,569,446		1,3,4
Citrin Cooperman Advisors, LLC	First Lien Term Loan	9.28%	SOFR	500	10/1/2027	USD		1,505,828		1,475,963			1,505,828		1,3,4,6
Convera International Financial S.À R.L	First Lien Term Loan	10.52%	SOFR	600	11/15/2030	USD		1,812,205		1,785,430			1,785,610		1,3,4,6
Credit Connection, LLC	First Lien Term Loan	9.98%	SOFR	575	7/30/2026	USD		8,268,967		8,109,258			8,268,967		1,3,4
Credit Connection, LLC	Revolver	0.50%			7/30/2026	USD		600,000		(12,000	)		-		1,2,3
Crystal Bidco Limited	First Lien Term Loan	9.53%	SOFR	495	1/25/2029	USD		7,423,496		7,483,553			7,497,731		1,3,4
CUB Financing Intermediate LLC	Delayed Draw	1.00%			6/28/2030	USD		2,532,273		(24,382	)		(9,952	)	1,2,3,6
CUB Financing Intermediate LLC	First Lien Term Loan	9.08%	SOFR	475	6/28/2030	USD		5,511,417		5,459,440			5,489,757		1,3,4,6
CX Institutional, LLC	Delayed Draw	1.00%			6/18/2029	USD		1,698,000		(40,203	)		(19,544	)	1,2,3
CX Institutional, LLC	First Lien Term Loan	10.11%	SOFR	575	6/18/2029	USD		3,293,745		3,218,002			3,222,760		1,3,4
Diamond Mezzanine 24 LLC	Delayed Draw	1.00%			10/31/2030	USD		763,338		(7,528	)		(7,633	)	1,2,3,6
Diamond Mezzanine 24 LLC	Delayed Draw	1.00%			10/31/2030	USD		6,000,000		(29,552	)		(30,000	)	1,2,3
Diamond Mezzanine 24 LLC	First Lien Term Loan	9.59%	SOFR	500	10/31/2030	USD		2,862,519		2,834,486			2,833,894		1,3,4,6
Diamond Mezzanine 24 LLC	First Lien Term Loan	9.59%	SOFR	500	10/31/2030	USD		21,500,000		21,338,087			21,336,250		1,3,4
Diamond Mezzanine 24 LLC	Revolver	11.50%	PRIME	400	10/31/2030	USD		1,500,000		1,488,924			1,488,750		1,3,4
Diamond Mezzanine 24 LLC	Revolver	11.50%	PRIME	400	10/31/2030	USD		210,689		208,642			208,582		1,3,4,6
Dreamstart BidCo	First Lien Term Loan	8.60%	EURIBOR	525	3/30/2027	EUR		627,356		760,321			649,840		1,3,4,5
Ecapital Finance Corp.	First Lien Term Loan	12.97%	SOFR	860	12/31/2025	USD		345,130		338,432			338,227		1,3,4,6
EdgeCo Buyer, Inc.	Delayed Draw	8.83%	SOFR	450	6/1/2026	USD		9,956,600		9,786,635			9,857,034		1,3,4
EdgeCo Buyer, Inc.	First Lien Term Loan	8.83%	SOFR	450	6/1/2026	USD		2,437,500		2,423,058			2,413,125		1,3,4
EdgeCo Buyer, Inc.	Delayed Draw	8.83%	SOFR	450	6/1/2028	USD		1,107,248		1,096,255			1,096,176		1,3,4
EdgeCo Buyer, Inc.	Delayed Draw	1.00%			6/1/2028	USD		13,795,694		(137,469	)		(137,957	)	1,2,3
EdgeCo Buyer, Inc.	First Lien Term Loan	8.84%	SOFR	450	6/1/2028	USD		2,638,412		2,612,191			2,612,028		1,3,4
EdgeCo Buyer, Inc.	First Lien Term Loan	8.83%	SOFR	450	6/1/2028	USD		6,079,076		6,018,719			6,018,285		1,3,4
EdgeCo Buyer, Inc.	Revolver	0.50%			6/1/2028	USD		1,379,569		(13,698	)		(13,796	)	1,2,3
Empower Payments Investor, LLC	Revolver	0.50%			3/12/2030	USD		1,993,798		(34,671	)		-		1,2,3
Empower Payments Investor, LLC	Revolver	0.50%			3/12/2030	USD		2,325,581		(40,679	)		-		1,2,3,6
Empower Payments Investor, LLC	Delayed Draw	1.00%			3/12/2031	USD		3,738,372		(70,570	)		-		1,2,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value		Footnotes
Empower Payments Investor, LLC	Delayed Draw	1.00%			3/12/2031	USD		3,864,597	$	(73,197	)	$	-	1,2,3,6
Empower Payments Investor, LLC	First Lien Term Loan	8.86%	SOFR	450	3/12/2031	USD		26,285,740		25,801,856			26,285,740	1,3,4
Empower Payments Investor, LLC	First Lien Term Loan	8.86%	SOFR	450	3/12/2031	USD		27,309,821		26,805,619			27,309,821	1,3,4,6
EP Wealth Advisors, LLC	Delayed Draw	8.83%	SOFR	450	6/18/2030	USD		6,500,000		2,522,492			2,600,000	1,3,4,7
EP Wealth Advisors, LLC	Delayed Draw	8.83%	SOFR	450	9/4/2026	USD		12,556,800		12,181,223			12,556,800	1,3,4
EP Wealth Advisors, LLC	First Lien Term Loan	8.83%	SOFR	450	9/4/2026	USD		5,332,500		5,254,188			5,332,500	1,3,4
Exegy, Inc.	First Lien Term Loan	10.46%	SOFR	600	5/17/2026	USD		10,615,369		10,559,485			10,615,369	1,3,4
Foundation Risk Partners, Corp.	Delayed Draw	9.58%	SOFR	525	10/29/2028	USD		7,122,500		4,871,530			5,060,000	1,3,4,7
Foundation Risk Partners, Corp.	First Lien Term Loan	9.58%	SOFR	525	10/29/2028	USD		10,827,273		10,557,622			10,827,273	1,3,4
Foundation Risk Partners, Corp.	First Lien Term Loan	9.58%	SOFR	525	10/29/2028	USD		5,919,600		5,832,255			5,919,600	1,3,4,6
Foundation Risk Partners, Corp.	Revolver	0.50%			10/29/2028	USD		359,993		(4,868	)		-	1,2,3,6
Foundation Risk Partners, Corp.	Revolver	0.50%			10/29/2029	USD		10,435,119		(72,387	)		-	1,2,3
Foundation Risk Partners, Corp.	Delayed Draw	9.82%	SOFR	525	10/29/2030	USD		625,000		625,000			625,000	1,3,4
Foundation Risk Partners, Corp.	Delayed Draw	9.75%	SOFR	525	10/29/2030	USD		625,000		625,000			625,000	1,3,4
Foundation Risk Partners, Corp.	Delayed Draw	9.68%	SOFR	525	10/29/2030	USD		1,708,333		1,708,333			1,708,333	1,3,4
Foundation Risk Partners, Corp.	Delayed Draw	9.61%	SOFR	525	10/29/2030	USD		5,466,667		5,369,789			5,466,667	1,3,4
Foundation Risk Partners, Corp.	Delayed Draw	9.58%	SOFR	525	10/29/2030	USD		30,259,947		29,847,748			30,259,947	1,3,4
Foundation Risk Partners, Corp.	Delayed Draw	9.58%	SOFR	525	10/29/2030	USD		1,277,410		1,255,612			1,277,410	1,3,4,6
Foundation Risk Partners, Corp.	Delayed Draw	9.57%	SOFR	525	10/29/2030	USD		17,939,292		1,992,217			2,157,446	1,3,4,7
Foundation Risk Partners, Corp.	First Lien Term Loan	9.58%	SOFR	525	10/29/2030	USD		16,326,060		16,287,702			16,326,060	1,3,4
Galway Borrower, LLC	Delayed Draw	8.83%	SOFR	450	9/29/2028	USD		71,936		71,282			72,116	1,3,4,6
Galway Borrower, LLC	Revolver	8.83%	SOFR	450	9/29/2028	USD		434,434		170,661			175,319	1,3,4,6,7
Galway Borrower, LLC	Delayed Draw	8.83%	SOFR	450	9/30/2028	USD		2,271,085		2,249,192			2,276,762	1,3,4
Galway Borrower, LLC	Delayed Draw	8.83%	SOFR	450	9/30/2028	USD		17,414,792		15,221,105			15,472,658	1,3,4,7
Galway Borrower, LLC	Delayed Draw	8.82%	SOFR	450	9/30/2028	USD		69,498		69,122			69,671	1,3,4
Galway Borrower, LLC	Delayed Draw	1.00%			9/30/2028	USD		69,804,621		(581,786	)		174,511	1,2,3
Galway Borrower, LLC	Delayed Draw	1.00%			9/30/2028	USD		3,924,512		(35,697	)		9,811	1,2,3,6
Galway Borrower, LLC	First Lien Term Loan	8.83%	SOFR	450	9/30/2028	USD		58,453,455		57,719,480			58,599,587	1,3,4
Galway Borrower, LLC	Revolver	8.83%	SOFR	450	9/30/2028	USD		11,649,739		5,261,436			5,362,026	1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Galway Borrower, LLC	Revolver	8.83%	SOFR	450	9/30/2028	USD		69,119	$	68,539		$	69,292		1,3,4,6
Gestion ABS Bidco, Inc.	Delayed Draw	1.00%			3/1/2031	CAD		7,500,000		(78,168	)		(362,539	)	1,2,3,5
Gestion ABS Bidco, Inc.	First Lien Term Loan	8.55%	CDOR	525	3/1/2031	CAD		14,962,500		10,883,567			10,311,841		1,3,4,5
Gestion ABS Bidco, Inc.	Revolver	0.50%			3/1/2031	CAD		2,250,000		(22,019	)		(108,762	)	1,2,3,5
Guidehouse, Inc.	First Lien Term Loan	10.11%	SOFR	575	12/16/2030	USD		47,787,796		47,110,892			48,191,453		1,3,4,7
HBWM Intermediate II, LLC	Delayed Draw	1.00%			11/15/2031	USD		20,946,587		(103,779	)		(97,862	)	1,2,3
HBWM Intermediate II, LLC	First Lien Term Loan	8.90%	SOFR	450	11/15/2031	USD		17,455,489		17,369,352			17,373,937		1,3,4
HBWM Intermediate II, LLC	Revolver	8.88%	SOFR	450	11/15/2031	USD		4,189,318		273,063			273,672		1,3,4,7
Helibron Midco B.V.	First Lien Term Loan	9.09%	EURIBOR	550	9/18/2026	EUR		14,732,374		16,069,721			14,757,382		1,3,4,5
HG Genesis 9 Sumoco Limited	First Lien Term Loan	9.14% PIK	EURIBOR		3/3/2027	EUR		27,954,560		28,475,349			28,956,454		1,3,4,5,8
Higginbotham Insurance Agency, Inc.	First Lien Term Loan	8.86%	SOFR	450	11/25/2026	USD		9,683,321		9,574,287			9,683,321		1,3,4
Higginbotham Insurance Agency, Inc.	Delayed Draw	9.11%	SOFR	475	11/25/2028	USD		19,486,042		5,473,898			5,651,305		1,3,4,7
Higginbotham Insurance Agency, Inc.	Delayed Draw	8.86%	SOFR	450	11/25/2028	USD		17,692,991		17,518,396			17,692,991		1,3,4
Higginbotham Insurance Agency, Inc.	First Lien Term Loan	8.86%	SOFR	450	11/25/2028	USD		82,987,868		82,560,539			82,987,868		1,3,4
HPS Financials	Delayed Draw	9.61%	SOFR	525	10/2/2028	USD		410,677		392,519			414,784		1,3,4
HPS Financials	First Lien Term Loan	9.61%	SOFR	525	10/2/2028	USD		204,688		197,737			206,734		1,3,4
HPS Financials	First Lien Term Loan	9.53%	SOFR	495	5/16/2029	USD		2,474,499		2,493,745			2,499,244		1,3,4,6
HPS Financials	First Lien Term Loan	9.58%	SOFR	525	6/28/2028	USD		19,275		18,996			19,039		1,3,4,6
HPS Specialty Loan Fund V Feeder, L.P.	First Lien Term Loan	7.59%	SOFR	300	5/14/2031	USD		187,500,000		126,526,818			126,526,818		1,3,4,7
IEQ MIDCO III, LLC	Delayed Draw	9.04%	SOFR	475	8/12/2031	USD		11,409,477		4,577,536			4,649,308		1,3,4,7
iM Global Partner	First Lien Term Loan	8.18%	EURIBOR	575	4/7/2028	EUR		3,700,000		3,748,112			3,748,485		1,3,4,5
Imagine 360 LLC	Delayed Draw	1.00%			9/30/2028	USD		2,404,220		(23,367	)		(22,520	)	1,2,3,6
Imagine 360 LLC	First Lien Term Loan	9.10%	SOFR	500	9/30/2028	USD		4,399,366		4,357,407			4,358,159		1,3,4,6
Imagine 360 LLC	Revolver	0.50%			9/30/2028	USD		1,023,922		(9,666	)		(9,591	)	1,2,3,6
Inszone Mid, LLC	First Lien Term Loan	10.08%	SOFR	575	11/8/2028	USD		11,764,706		11,569,999			11,764,706		1,3,4
Integrity Marketing Acquisition, LLC	Delayed Draw	9.51%	SOFR	500	8/27/2027	USD		15,829,588		15,439,397			15,790,014		1,3,4,6
Integrity Marketing Acquisition, LLC	Delayed Draw	9.51%	SOFR	500	8/27/2027	USD		63,511,179		25,680,034			25,740,706		1,3,4,7
Integrity Marketing Acquisition, LLC	First Lien Term Loan	9.51%	SOFR	500	8/27/2027	USD		4,586,209		4,514,779			4,574,743		1,3,4
Integrity Marketing Acquisition, LLC	Revolver	0.50%			8/27/2027	USD		7,182,721		(86,608	)		(17,957	)	1,2,3
J.S. Held Holdings LLC	Delayed Draw	9.98%	SOFR	550	12/1/2026	USD		9,615,667		9,615,667			9,519,510		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
J.S. Held Holdings LLC	First Lien Term Loan	9.98%	SOFR	550	12/1/2026	USD		40,217,477	$	40,049,624		$	40,066,662		1,3,4,6
J.S. Held Holdings LLC	Delayed Draw	9.98%	SOFR	550	6/1/2028	USD		10,466,588		10,254,430			10,149,764		1,3,4,6,7
J.S. Held Holdings LLC	Delayed Draw	9.93%	SOFR	550	6/1/2028	USD		939,120		241,665			241,041		1,3,4,7
J.S. Held Holdings LLC	First Lien Term Loan	9.98%	SOFR	550	6/1/2028	USD		8,612,416		8,612,416			8,580,119		1,3,4,6
J.S. Held Holdings LLC	First Lien Term Loan	9.98%	SOFR	550	6/1/2028	USD		5,638,145		5,618,181			5,617,002		1,3,4
J.S. Held Holdings LLC	Revolver	0.50%			6/1/2028	USD		324,010		(1,133	)		(1,215	)	1,2,3
Kensington Private Equity Fund	Second Lien Term Loan	16.83%	SOFR	1250	3/27/2026	USD		5,800,000		5,713,351			5,713,000		1,3,4,6
Kensington Private Equity Fund	Delayed Draw	16.83% PIK			3/28/2026	USD		6,800,000		6,698,000			6,800,000		1,3,4,6,8
Kensington Private Equity Fund	Second Lien Term Loan	16.83% PIK			3/28/2026	USD		6,800,000		6,752,741			6,800,000		1,3,4,6,8
Keystone Agency Partners LLC	Delayed Draw	9.33%	SOFR	500	5/3/2027	USD		47,949,847		44,909,047			45,683,876		1,3,4,7
Keystone Agency Partners LLC	First Lien Term Loan	9.33%	SOFR	500	5/3/2027	USD		22,065,338		21,817,171			22,065,338		1,3,4
KRIV Acquisition Inc.	Delayed Draw	10.08%	SOFR	575	7/6/2029	USD		3,450,665		3,369,920			3,450,665		1,3,4,6
KRIV Acquisition Inc.	Delayed Draw	1.00%			7/6/2029	USD		4,585,000		(44,774	)		-		1,2,3,6
KRIV Acquisition Inc.	First Lien Term Loan	10.08%	SOFR	575	7/6/2029	USD		23,003,859		22,434,888			23,003,859		1,3,4,6
KRIV Acquisition Inc.	Revolver	0.50%			7/6/2029	USD		2,760,532		(82,816	)		-		1,2,3,6
KRIV Acquisition Inc.	Delayed Draw	10.08%	SOFR	575	9/20/2030	USD		400,343		400,343			400,343		1,3,4
KRIV Acquisition Inc.	Delayed Draw	1.00%			9/20/2030	USD		13,903,846		(135,985	)		-		1,2,3
KRIV Acquisition Inc.	First Lien Term Loan	10.08%	SOFR	575	9/20/2030	USD		3,438,085		3,438,085			3,438,085		1,3,4
KWOR Acquisition, Inc.	Revolver	12.25%	PRIME	425	12/22/2027	USD		3,328,551		3,300,638			2,399,417		1,3,4,7
KWOR Acquisition, Inc.	Delayed Draw	12.75%	PRIME	425	12/22/2028	USD		4,150,227		3,884,129			3,014,539		1,3,4,6
KWOR Acquisition, Inc.	First Lien Term Loan	12.75%	PRIME	425	12/22/2028	USD		23,573,515		23,313,319			17,122,748		1,3,4
Lido Advisors, LLC	Delayed Draw	9.52%	SOFR	500	1/15/2029	USD		2,946,062		2,917,008			2,916,602		1,3,4,6
Lido Advisors, LLC	Delayed Draw	9.40%	SOFR	500	1/15/2029	USD		7,500,967		761,433			760,753		1,3,4,6,7
Lido Advisors, LLC	Delayed Draw	9.33%	SOFR	500	6/15/2027	USD		13,373,032		13,145,604			13,239,302		1,3,4,6
Lido Advisors, LLC	Revolver	9.34%	SOFR	500	6/15/2029	USD		392,000		386,583			388,080		1,3,4,6
Lido Advisors, LLC	Revolver	0.50%			6/15/2029	USD		308,000		(4,232	)		(3,080	)	1,2,3,6
MAI Capital Management Intermediate LLC	Delayed Draw	9.11%	SOFR	475	8/29/2031	USD		22,757,143		6,984,907			7,036,083		1,3,4,7
MAI Capital Management Intermediate LLC	First Lien Term Loan	9.11%	SOFR	475	8/29/2031	USD		16,614,286		16,453,851			16,489,679		1,3,4
MAI Capital Management Intermediate LLC	Revolver	9.08%	SOFR	475	8/29/2031	USD		8,528,572		1,055,893			1,073,178		1,3,4,7
Mclarens Midco, Inc.	Delayed Draw	10.24%	SOFR	550	12/19/2025	USD		1,015,877		93,905			108,863		1,3,4,6,7
Mclarens Midco, Inc.	Revolver	10.15%	SOFR	550	12/19/2025	USD		3,485,026		3,485,026			3,485,026		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
More Cowbell II LLC	Revolver	9.26%	SOFR	500	9/1/2029	USD		9,831,306	$	5,326,250		$	5,142,774		1,3,4,7
More Cowbell II LLC	Delayed Draw	1.00%			9/1/2030	USD		7,562,543		(75,625	)		(63,169	)	1,2,3
More Cowbell II LLC	First Lien Term Loan	8.89%	SOFR	500	9/1/2030	USD		49,062,114		48,209,610			48,119,233		1,3,4
More Cowbell II LLC	First Lien Term Loan	8.89%	SOFR	500	9/1/2030	USD		19,891,333		19,545,701			19,509,059		1,3,4
Oakbridge Insurance Agency LLC	Delayed Draw	10.05%	SOFR	575	11/1/2029	USD		4,317,790		1,576,887			1,655,066		1,3,4,6,7
Oakbridge Insurance Agency LLC	First Lien Term Loan	10.05%	SOFR	575	11/1/2029	USD		8,872,409		8,719,751			8,872,409		1,3,4,6
Oakbridge Insurance Agency LLC	Revolver	10.05%	SOFR	575	11/1/2029	USD		1,295,336		755,947			777,201		1,3,4,6,7
Pareto Health Intermediate Holdings, Inc.	Delayed Draw	1.00%			6/1/2030	USD		14,842,360		(147,986	)		(148,423	)	1,2,3
Pareto Health Intermediate Holdings, Inc.	First Lien Term Loan	9.33%	SOFR	500	6/1/2030	USD		58,019,683		57,442,123			57,439,487		1,3,4
Pathstone Family Office, LLC	Revolver	9.36%	SOFR	500	5/15/2028	USD		3,581,421		1,127,693			1,121,302		1,3,4,6,7
Pathstone Family Office, LLC	Delayed Draw	9.46%	SOFR	500	5/15/2029	USD		4,747,599		4,569,564			4,700,123		1,3,4,6
Pathstone Family Office, LLC	First Lien Term Loan	9.55%	SOFR	500	5/15/2029	USD		7,526,331		7,451,503			7,451,068		1,3,4,6
Pathstone Family Office, LLC	First Lien Term Loan	9.36%	SOFR	500	5/15/2029	USD		30,536,194		29,554,203			30,230,832		1,3,4,6
Pathstone Family Office, LLC	First Lien Term Loan	9.11%	SOFR	475	5/15/2029	USD		2,864,430		2,836,205			2,835,786		1,3,4,6
Patriot Growth Insurance Services, LLC	Delayed Draw	9.48%	SOFR	500	10/14/2028	USD		34,690,443		34,359,955			34,554,109		1,3,4
Patriot Growth Insurance Services, LLC	Delayed Draw	9.33%	SOFR	500	10/14/2028	USD		39,993,000		25,176,768			25,521,828		1,3,4,7
Patriot Growth Insurance Services, LLC	First Lien Term Loan	9.48%	SOFR	500	10/14/2028	USD		21,854,471		21,388,923			21,768,583		1,3,4
Patriot Growth Insurance Services, LLC	Revolver	9.46%	SOFR	500	10/14/2028	USD		2,660,377		896,891			913,025		1,3,4,7
People Corporation	Delayed Draw	1.00%			2/18/2028	CAD		6,523,907		(45,126	)		(46,647	)	1,2,3,5,6
Peter C. Foy & Associates Insurance Services, LLC	Delayed Draw	9.83%	SOFR	550	11/1/2028	USD		52,550,045		52,024,655			52,550,045		1,3,4
Peter C. Foy & Associates Insurance Services, LLC	First Lien Term Loan	9.83%	SOFR	550	11/1/2028	USD		20,946,429		20,736,964			20,946,429		1,3,4
Peter C. Foy & Associates Insurance Services, LLC	Delayed Draw	9.83%	SOFR	550	4/23/2031	USD		9,397,039		7,454,943			7,543,473		1,3,4,7
Petra Borrower, LLC	Revolver	10.13%	SOFR	575	11/15/2029	USD		2,339,740		896,963			904,330		1,3,4,7
Petra Borrower, LLC	Delayed Draw	10.19%	SOFR	575	11/15/2030	USD		5,849,348		2,700,457			2,775,130		1,3,4,7
Petra Borrower, LLC	First Lien Term Loan	10.32%	SOFR	575	11/15/2030	USD		15,154,036		14,885,422			14,955,810		1,3,4
Petrus Buyer, Inc.	Delayed Draw	9.75%	SOFR	525	10/17/2029	USD		5,494,505		2,970,000			3,066,857		1,3,4,7
Petrus Buyer, Inc.	First Lien Term Loan	9.90%	SOFR	525	10/17/2029	USD		17,318,681		16,921,539			17,217,678		1,3,4
Petrus Buyer, Inc.	Revolver	0.50%			10/17/2029	USD		1,923,077		(57,692	)		(11,215	)	1,2,3
Premium Group B1	First Lien Term Loan	8.43%	EURIBOR	575	12/5/2030	EUR		21,125,461		22,248,899			21,796,600		1,3,4,5
Premium Group B2	Delayed Draw	1.00%			12/5/2030	EUR		3,874,539		(106,490	)		(185,182	)	1,2,3,5
Project Accelerate Parent, LLC	First Lien Term Loan	9.61%	SOFR	525	2/24/2031	USD		24,887,000		24,658,294			24,887,000		1,3,4,6
Project Accelerate Parent, LLC	First Lien Term Loan	9.61%	SOFR	525	9/19/2031	USD		43,640,625		43,238,067			43,640,625		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Project Accelerate Parent, LLC	Revolver	0.50%			9/19/2031	USD		6,250,000	$	(55,557	)	$	-		1,2,3
PT&C Group, LLC	Revolver	0.50%			12/24/2025	USD		1,059,000		(18,127	)		(18,533	)	1,2,3
PT&C Group, LLC	Delayed Draw	9.83%	SOFR	550	12/24/2029	USD		2,682,800		1,014,466			1,014,284		1,3,4,7
PT&C Group, LLC	First Lien Term Loan	9.83%	SOFR	550	12/24/2029	USD		4,024,200		3,954,005			3,953,776		1,3,4
R&T Acquisitions, LLC	Revolver	0.50%			8/31/2029	USD		2,308,228		(69,247	)		(26,402	)	1,2,3,6
R&T Acquisitions, LLC	Delayed Draw	1.00%			8/31/2030	USD		5,770,569		(86,559	)		(66,004	)	1,2,3,6
R&T Acquisitions, LLC	First Lien Term Loan	10.26%	SOFR	575	8/31/2030	USD		15,311,244		14,910,391			15,136,113		1,3,4,6
RFS Opco LLC	Delayed Draw	1.00%			4/4/2031	USD		3,685,905		(27,474	)		(27,644	)	1,2,3,6
Rialto Management Group, LLC	First Lien Term Loan	9.53%	SOFR	500	12/5/2030	USD		4,418,707		4,374,908			4,374,520		1,3,4,6
Rialto Management Group, LLC	Revolver	0.50%			12/5/2030	USD		158,565		(1,566	)		(1,586	)	1,2,3,6
RSC Acquisition, Inc.	Revolver	0.50%			11/1/2029	USD		8,690,548		(32,590	)		-		1,2,3,6
RSC Insurance Brokerage, Inc.	First Lien Term Loan	9.34%	SOFR	475	11/1/2026	USD		1,665,792		1,632,934			1,665,792		1,3,4,6
RSC Insurance Brokerage, Inc.	Delayed Draw	1.00%			11/1/2029	USD		12,600,000		(29,774	)		-		1,2,3,6
RSC Insurance Brokerage, Inc.	Revolver	0.50%			11/1/2029	USD		1,400,000		(3,308	)		-		1,2,3,6
Russell Investments US Institutional Holdco, Inc.	First Lien Term Loan	11.09%, 1.50% PIK	SOFR	500	4/4/2031	USD		10,446,396		10,158,437			10,025,928		1,4,8
RWA Wealth Partners, LLC	Delayed Draw	9.19%	SOFR	475	11/15/2030	USD		71,870		71,161			71,175		1,3,4,6
RWA Wealth Partners, LLC	Delayed Draw	9.10%	SOFR	475	11/15/2030	USD		40,247		39,849			39,858		1,3,4,6
RWA Wealth Partners, LLC	Delayed Draw	1.00%			11/15/2030	USD		1,684,630		(16,668	)		(16,297	)	1,2,3,6
RWA Wealth Partners, LLC	First Lien Term Loan	9.27%	SOFR	475	11/15/2030	USD		2,227,966		2,206,033			2,206,413		1,3,4,6
RWA Wealth Partners, LLC	Revolver	0.50%			11/15/2030	USD		529,926		(5,187	)		(5,126	)	1,2,3,6
SG Acquisition, Inc.	First Lien Term Loan	9.06%	SOFR	475	1/27/2027	USD		10,607,979		10,450,342			10,607,979		1,3,4
SG Acquisition, Inc.	First Lien Term Loan	9.06%	SOFR	475	4/3/2030	USD		47,868,767		47,434,160			47,868,767		1,3,4
SG Acquisition, Inc.	Revolver	0.50%			4/3/2030	USD		3,643,725		(31,977	)		-		1,2,3
SIB Corp.	Delayed Draw	8.74%	CDOR	525	4/24/2028	CAD		6,043,875		1,775,931			1,588,560		1,3,4,5,7
SIB Corp.	First Lien Term Loan	8.74%	CDOR	525	4/24/2028	CAD		13,078,622		9,402,496			9,001,393		1,3,4,5
SIB Corp.	Revolver	0.50%			4/24/2028	CAD		294,464		(3,126	)		(12,256	)	1,2,3,5
Simplicity Financial Marketing Holdings, Inc.	Delayed Draw	10.36%	SOFR	600	12/2/2026	USD		28,590,075		8,335,993			8,408,675		1,3,4,7
Simplicity Financial Marketing Holdings, Inc.	Revolver	0.50%			12/2/2026	USD		1,388,467		(19,150	)		(19,356	)	1,2,3
Superior Insurance Partners LLC	Delayed Draw	9.51%	SOFR	500	10/25/2029	USD		3,953,850		463,195			460,364		1,3,4,7
Superior Insurance Partners LLC	Delayed Draw	9.33%	SOFR	500	10/25/2029	USD		30,650		30,059			30,037		1,3,4
Superior Insurance Partners LLC	First Lien Term Loan	9.63%	SOFR	500	10/25/2029	USD		2,452,000		2,404,337			2,402,960		1,3,4
Superior Insurance Partners LLC	Revolver	0.50%			10/25/2029	USD		352,000		(6,782	)		(7,040	)	1,2,3
The Ultimus Group Midco, LLC	Revolver	0.50%			3/7/2030	USD		3,515,654		(30,716	)		-		1,2,3,6
The Ultimus Group Midco, LLC	Delayed Draw	1.00%			3/7/2031	USD		4,820,114		(45,632	)		-		1,2,3,6
The Ultimus Group Midco, LLC	First Lien Term Loan	9.68%	SOFR	525	3/7/2031	USD		32,310,187		32,011,711			32,310,187		1,3,4,6
THG Acquisition, LLC	Delayed Draw	1.00%			10/31/2031	USD		12,362,768		(122,143	)		(121,864	)	1,2,3
THG Acquisition, LLC	Delayed Draw	1.00%			10/31/2031	USD		2,957,516		(29,344	)		(29,153	)	1,2,3,6
THG Acquisition, LLC	First Lien Term Loan	9.11%	SOFR	475	10/31/2031	USD		55,455,847		54,910,709			54,909,200		1,3,4
THG Acquisition, LLC	First Lien Term Loan	9.11%	SOFR	475	10/31/2031	USD		13,266,571		13,135,386			13,135,798		1,3,4,6
THG Acquisition, LLC	Revolver	9.28%	SOFR	475	10/31/2031	USD		33,800		33,467			33,467		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
THG Acquisition, LLC	Revolver	9.28%	SOFR	475	10/31/2031	USD		141,289	$	139,906		$	139,896		1,3,4
THG Acquisition, LLC	Revolver	9.09%	SOFR	475	10/31/2031	USD		1,444,957		61,827			61,807		1,3,4,6,7
THG Acquisition, LLC	Revolver	9.09%	SOFR	475	10/31/2031	USD		6,040,096		258,945			258,360		1,3,4,7
Turbo Buyer, Inc.	Delayed Draw	10.48%	SOFR	600	12/2/2025	USD		5,778,646		5,639,052			5,532,640		1,3,4
Turbo Buyer, Inc.	First Lien Term Loan	10.48%	SOFR	600	12/2/2025	USD		4,109,394		4,086,610			3,934,451		1,3,4
Unison Risk Advisors Inc.	Revolver	0.50%			10/17/2030	USD		1,031,766		(9,965	)		(9,770	)	1,2,3
Unison Risk Advisors Inc.	Delayed Draw	1.00%			10/17/2031	USD		2,614,496		(25,679	)		(24,757	)	1,2,3
Unison Risk Advisors Inc.	First Lien Term Loan	9.13%	SOFR	475	10/17/2031	USD		5,425,148		5,372,037			5,373,777		1,3,4
Unison Risk Advisors Inc.	Revolver	0.50%			10/17/2030	USD		2,500,000		(24,387	)		(23,673	)	1,2,3,6
Unison Risk Advisors Inc.	Delayed Draw	9.15%	SOFR	475	10/17/2031	USD		8,750,000		78,529			82,146		1,3,4,6,7
Unison Risk Advisors Inc.	First Lien Term Loan	9.13%	SOFR	475	10/17/2031	USD		15,000,000		14,852,248			14,857,963		1,3,4,6
Vale Insurance Services LLC	First Lien Term Loan	9.73%	SOFR	525	12/1/2027	USD		21,959,677		21,740,081			21,959,677		1,3,4
Vale Insurance Services LLC	Revolver	9.72%	SOFR	525	12/1/2027	USD		2,419,355		483,871			483,871		1,3,4,7
Wealth Enhancement Group, LLC	Delayed Draw	9.50%	SOFR	500	10/2/2027	USD		106,322,644		90,142,657			90,850,751		1,3,4,7
Wealth Enhancement Group, LLC	Revolver	0.50%			10/2/2027	USD		4,675,676		(35,437	)		-		1,2,3
Wealth Enhancement Group, LLC	Delayed Draw	1.00%			10/2/2028	USD		19,354,839		(96,651	)		(96,774	)	1,2,3
Wealth Enhancement Group, LLC	Revolver	0.50%			10/2/2028	USD		645,161		(3,221	)		(3,226	)	1,2,3
Wealth Enhancement Group, LLC	Delayed Draw	9.57%	SOFR	500	10/2/2029	USD		3,147,440		3,147,440			3,147,440		1,3,4
Wealth Enhancement Group, LLC	First Lien Term Loan	9.57%	SOFR	500	10/2/2029	USD		15,946,519		15,946,519			15,946,519		1,3,4
Wealth Enhancement Group, LLC	Revolver	0.50%			10/2/2029	USD		906,041		-			-		1,2,3
Wealth Enhancement Group, LLC	Delayed Draw	9.50%	SOFR	500	10/2/2027	USD		9,175,676		6,469,757			6,588,135		1,3,4,6,7
Wealth Enhancement Group, LLC	Revolver	0.50%			10/2/2027	USD		964,314		(54,327	)		-		1,2,3,6
Wealth Enhancement Group, LLC	First Lien Term Loan	13.00% PIK			5/26/2033	USD		18,967,500		18,466,811			19,286,154		1,3,8
World Insurance Associates, LLC	Delayed Draw	10.33%	SOFR	600	4/3/2028	USD		32,153,023		31,548,697			32,153,023		1,3,4
World Insurance Associates, LLC	Delayed Draw	10.08%	SOFR	575	4/3/2028	USD		45,000,000		30,179,178			30,950,526		1,3,4,7
World Insurance Associates, LLC	First Lien Term Loan	11.08%	SOFR	675	4/3/2028	USD		9,483,358		9,321,650			9,483,358		1,3,4,6
World Insurance Associates, LLC	First Lien Term Loan	10.33%	SOFR	600	4/3/2028	USD		56,961,681		56,062,496			56,961,681		1,3,4
										2,910,297,584			2,924,573,952
Health Care — 14.7%
123Dentist, Inc.	Delayed Draw	11.45%	PRIME	500	8/10/2029	CAD		2,113,943		1,552,301			1,465,085		1,3,4,5,6
123Dentist, Inc.	Delayed Draw	10.45%	PRIME	500	8/10/2029	CAD		5,575,742		1,008,132			784,033		1,3,4,5,7
123Dentist, Inc.	Delayed Draw	10.45%	PRIME	500	8/10/2029	CAD		84,340		61,931			58,452		1,3,4,5,6
123Dentist, Inc.	Delayed Draw	1.00%			8/10/2029	CAD		1,882,022		(13,503	)		(91,085	)	1,2,3,5,6
123Dentist, Inc.	First Lien Term Loan	8.30%	CDOR	500	8/10/2029	CAD		39,461,496		29,758,769			27,349,087		1,3,4,5

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
AAH Topco, LLC	Delayed Draw	9.72%	SOFR	525	12/22/2027	USD		3,912,965	$	3,854,746		$	3,868,208		1,3,4
AAH Topco, LLC	Delayed Draw	9.71%	SOFR	525	12/22/2027	USD		28,372,857		18,666,865			18,955,314		1,3,4,7
AAH Topco, LLC	First Lien Term Loan	9.71%	SOFR	525	12/22/2027	USD		3,994,874		3,954,925			3,949,180		1,3,4
AAH Topco, LLC	Revolver	0.50%			12/22/2027	USD		423,729		(4,237	)		(4,847	)	1,2,3
AB Centers Acquisition Corporation	First Lien Term Loan	9.61%	SOFR	525	10/31/2031	USD		6,685,732		6,630,509			6,653,262		1,3,4
AB Centers Acquisition Corporation	Delayed Draw	9.80%	SOFR	525	7/2/2031	USD		2,719,066		146,945			173,220		1,3,4,6,7
AB Centers Acquisition Corporation	Delayed Draw	9.80%	SOFR	525	7/2/2031	USD		2,857,143		182,109			182,016		1,3,4,7
AB Centers Acquisition Corporation	First Lien Term Loan	9.84%	SOFR	525	7/2/2031	USD		14,954,864		14,740,570			14,882,234		1,3,4,6
AB Centers Acquisition Corporation	First Lien Term Loan	9.84%	SOFR	525	7/2/2031	USD		15,714,286		15,639,506			15,637,967		1,3,4
AB Centers Acquisition Corporation	First Lien Term Loan	9.61%	SOFR	525	7/2/2031	USD		2,718,255		2,704,820			2,705,053		1,3,4,6
AB Centers Acquisition Corporation	Revolver	0.50%			7/2/2031	USD		1,359,533		(19,100	)		(6,603	)	1,2,3,6
AB Centers Acquisition Corporation	Revolver	0.50%			7/2/2031	USD		1,428,571		(6,645	)		(6,938	)	1,2,3
AB Centers Acquisition Corporation	Delayed Draw	1.00%			9/6/2028	USD		1,704,217		-			(8,277	)	1,2,3
AB Centers Acquisition Corporation	Revolver	0.50%			9/6/2028	USD		1,420,181		-			(6,897	)	1,2,3
Acentra Holdings, LLC (fka CNSI Holdings, LLC)	Delayed Draw	1.00%			12/17/2029	USD		2,464,647		(34,665	)		-		1,2,3
Acentra Holdings, LLC (fka CNSI Holdings, LLC)	First Lien Term Loan	10.08%	SOFR	575	12/17/2029	USD		1,750,276		1,719,463			1,750,276		1,3,4,6
Acentra Holdings, LLC (fka CNSI Holdings, LLC)	First Lien Term Loan	9.83%	SOFR	550	12/17/2029	USD		18,800,691		18,109,860			18,730,568		1,3,4
Acentra Holdings, LLC (fka CNSI Holdings, LLC)	Revolver	9.82%	SOFR	550	12/17/2029	USD		1,735,776		896,637			907,528		1,3,4,7
ACI Group Holdings, Inc.	Delayed Draw	7.21%, 3.25% PIK	SOFR	275	8/2/2028	USD		4,904,250		4,392,706			4,481,743		1,3,4,7,8
ACI Group Holdings, Inc.	First Lien Term Loan	7.21%, 3.25% PIK	SOFR	275	8/2/2028	USD		9,961,314		9,842,009			9,986,218		1,3,4,8
ADCS Clinics Intermediate Holdings, LLC	Delayed Draw	10.63%	SOFR	625	5/7/2027	USD		2,346,393		2,227,137			2,346,393		1,3,4
ADCS Clinics Intermediate Holdings, LLC	First Lien Term Loan	10.78%	SOFR	625	5/7/2027	USD		10,746,446		10,643,206			10,734,335		1,3,4
ADS Buyer, Inc.	First Lien Term Loan	9.48%	SOFR	500	12/30/2027	USD		6,377,475		6,313,700			6,377,475		1,3,4
ADS Buyer, Inc.	First Lien Term Loan	9.48%	SOFR	500	12/31/2026	USD		11,380,957		11,238,695			11,380,957		1,3,4
Advantage HCS LLC	First Lien Term Loan	9.77%	SOFR	525	11/8/2029	USD		28,428,750		27,697,359			28,345,484		1,3,4
Advantage HCS LLC	Revolver	13.00%	PRIME	525	11/8/2029	USD		7,500,000		7,315,804			7,478,033		1,3,4
Advocate RCM Acquisition Corp.	First Lien Term Loan	10.43%	SOFR	600	12/22/2026	USD		4,059,000		4,009,248			3,987,967		1,3,4
Advocate RCM Acquisition Corp.	Revolver	0.50%			12/22/2026	USD		521,000		(6,028	)		(9,118	)	1,2,3
Affinity Hospice Intermediate Holdings, LLC	First Lien Term Loan	9.18%	SOFR	475	12/17/2027	USD		10,984,454		10,894,883			9,649,224		1,3,4,6
AG-Twin Brook Healthcare	Delayed Draw	9.10%, 3.00% PIK	SOFR	425	10/2/2025	USD		7,656,233		7,505,099			7,554,712		1,3,4,7,8
AG-Twin Brook Healthcare	First Lien Term Loan	8.84%, 3.00% PIK	SOFR	425	10/2/2025	USD		12,205,979		12,176,258			12,136,842		1,3,4,8
AG-Twin Brook Healthcare	Delayed Draw	9.33%	SOFR	500	10/29/2026	USD		19,521,522		19,106,441			19,180,762		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
AG-Twin Brook Healthcare	First Lien Term Loan	10.47%	SOFR	600	12/14/2026	USD		19,400,000	$	19,264,725		$	19,304,465		1,3,4,6
AG-Twin Brook Healthcare	First Lien Term Loan	9.09%, 2.50% PIK	SOFR	450	12/31/2026	USD		14,587,500		14,464,250			14,278,996		1,3,4,6,8
AG-Twin Brook Healthcare	First Lien Term Loan	8.85%, 4.00% PIK	SOFR	400	2/23/2027	USD		15,483,541		15,270,012			14,954,585		1,3,4,8
AG-Twin Brook Healthcare	First Lien Term Loan	10.84% PIK			3/5/2026	USD		6,904,635		6,875,211			1,090,523		1,3,4,6,8
AG-Twin Brook Healthcare	First Lien Term Loan	10.85%	SOFR	600	5/27/2026	USD		13,528,358		13,359,944			13,361,373		1,3,4,6
AG-Twin Brook Healthcare	First Lien Term Loan	10.47%	SOFR	600	6/10/2026	USD		9,701,560		9,615,233			9,544,461		1,3,4,6
AG-Twin Brook Healthcare	First Lien Term Loan	10.84%, 2.25% PIK	SOFR	625	7/1/2026	USD		29,092,972		29,008,189			28,053,941		1,3,4,6,8
AG-Twin Brook Healthcare	Delayed Draw	10.23%	SOFR	575	7/29/2027	USD		49,960,000		49,341,250			49,426,353		1,3,4
AG-Twin Brook Healthcare	First Lien Term Loan	9.72%	SOFR	525	8/20/2027	USD		10,996,771		10,825,563			10,891,606		1,3,4,6
AG-Twin Brook Healthcare	First Lien Term Loan	10.35%	SOFR	575	9/22/2026	USD		24,250,000		24,094,965			24,050,537		1,3,4,6
AG-Twin Brook Healthcare	First Lien Term Loan	10.59%	SOFR	600	9/25/2026	USD		19,451,930		19,186,219			19,209,094		1,3,4,6
AHR Intermediate, Inc.	Delayed Draw	10.23%	SOFR	575	7/29/2027	USD		14,499,103		10,259,506			10,220,702		1,3,4,7
AHR Intermediate, Inc.	First Lien Term Loan	10.11%	SOFR	575	7/29/2027	USD		3,554,480		3,525,814			3,516,514		1,3,4
AHR Intermediate, Inc.	First Lien Term Loan	10.08%	SOFR	575	7/29/2027	USD		23,948,750		23,773,711			23,692,942		1,3,4
Alcami Corporation	Delayed Draw	11.55%	SOFR	700	12/21/2028	USD		1,908,023		1,597,016			1,688,028		1,3,4,7
Alcami Corporation	First Lien Term Loan	11.66%	SOFR	700	12/21/2028	USD		22,495,597		21,908,368			22,781,291		1,3,4
Alcami Corporation	Revolver	11.44%	SOFR	700	12/21/2028	USD		3,052,838		427,397			534,247		1,3,4,7
Alcresta Therapeutics, Inc.	Revolver	0.50%			3/12/2029	USD		360,750		(7,146	)		(8,488	)	1,2,3
Alcresta Therapeutics, Inc.	Delayed Draw	1.00%			3/12/2030	USD		3,667,500		(71,110	)		(86,294	)	1,2,3
Alcresta Therapeutics, Inc.	First Lien Term Loan	10.02%	SOFR	550	3/12/2030	USD		3,576,000		3,516,266			3,491,858		1,3,4
Alcresta Therapeutics, Inc.	Revolver	0.50%			3/12/2030	USD		360,750		(6,386	)		(8,488	)	1,2,3
Allied Benefit Systems Intermediate LLC	Delayed Draw	9.55%	SOFR	525	10/31/2030	USD		7,712,629		7,596,939			7,712,629		1,3,4
Allied Benefit Systems Intermediate LLC	Delayed Draw	9.55%	SOFR	525	10/31/2030	USD		1,353,093		1,334,686			1,353,093		1,3,4,6
Allied Benefit Systems Intermediate LLC	First Lien Term Loan	9.61%	SOFR	525	10/31/2030	USD		42,056,701		41,383,794			42,056,701		1,3,4
Allied Benefit Systems Intermediate LLC	First Lien Term Loan	9.61%	SOFR	525	10/31/2030	USD		7,378,415		7,280,418			7,378,415		1,3,4,6
American Family Care	Delayed Draw	10.43%	SOFR	600	2/28/2029	USD		795,000		57,293			53,027		1,3,4,7
American Family Care	First Lien Term Loan	10.43%	SOFR	600	2/28/2029	USD		2,113,977		2,052,605			2,043,582		1,3,4
American Family Care	Revolver	10.57%	SOFR	600	2/28/2029	USD		318,482		30,898			29,205		1,3,4,7
American Renal Associates Holdings, Inc.	First Lien Term Loan	10.68%	SOFR	625	1/29/2027	USD		11,700,000		11,545,915			11,516,023		1,3,4,6
Arrow Management Acquisition	Delayed Draw	9.32%	SOFR	475	10/14/2027	USD		20,000,000		8,857,003			9,009,799		1,3,4,6,7
Arrow Management Acquisition	Revolver	9.19%	SOFR	475	10/14/2027	USD		1,555,555		638,690			638,540		1,3,4,6,7
Ascend Plastic Surgery Partners MSO, LLC	Delayed Draw	1.00%			5/3/2029	USD		2,703,000		(47,105	)		(54,060	)	1,2,3
Ascend Plastic Surgery Partners MSO, LLC	First Lien Term Loan	9.33%	SOFR	500	5/3/2029	USD		901,000		884,852			882,980		1,3,4
Ascend Plastic Surgery Partners MSO, LLC	Revolver	0.50%			5/3/2029	USD		548,500		(9,543	)		(10,970	)	1,2,3
ASP Global Holdings, LLC	Delayed Draw	9.61%	SOFR	525	7/31/2029	USD		5,032,733		3,596,867			3,583,305		1,3,4,7
ASP Global Holdings, LLC	First Lien Term Loan	9.61%	SOFR	525	7/31/2029	USD		10,744,048		10,593,229			10,529,168		1,3,4
ASP Global Holdings, LLC	Revolver	9.61%	SOFR	525	7/31/2029	USD		1,713,270		541,547			536,826		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
AWC-MH Acquisition LLC	First Lien Term Loan	9.44%, 5.50% PIK	SOFR	500	6/30/2025	USD		9,577,912	$	9,419,698		$	7,882,621		1,3,4,8
AXPM Dental Management, LLC	Delayed Draw	1.00%			12/28/2027	USD		8,243,186		(89,645	)		(115,074	)	1,2,3
AXPM Dental Management, LLC	First Lien Term Loan	9.50%	SOFR	525	12/28/2027	USD		19,017,956		18,840,543			18,752,466		1,3,4
AXPM Dental Management, LLC	Revolver	0.50%			12/28/2027	USD		3,131,476		(34,012	)		(43,716	)	1,2,3
Bamboo US BidCo LLC	Delayed Draw	7.96%, 3.38% PIK	SOFR	338	9/29/2030	USD		1,550,472		877,276			898,282		1,3,4,7,8
Bamboo US BidCo LLC	Delayed Draw	7.96%, 3.38% PIK	SOFR	338	9/29/2030	USD		1,931,517		1,098,224			1,117,756		1,3,4,6,7,8
Bamboo US Bidco LLC	Delayed Draw	1.00%			9/29/2030	USD		10,749,880		(106,436	)		(107,498	)	1,2,3
Bamboo US BidCo LLC	First Lien Term Loan	6.43%, 3.38% PIK	EURIBOR	338	9/29/2030	EUR		6,196,579		6,377,443			6,354,478		1,3,4,5,8
Bamboo US Bidco LLC	First Lien Term Loan	7.96%, 3.38% PIK	SOFR	338	9/29/2030	USD		12,470,415		12,145,071			12,345,711		1,3,4,6,8
Bamboo US BidCo LLC	First Lien Term Loan	7.96%, 3.38% PIK	SOFR	338	9/29/2030	USD		10,142,288		9,883,899			10,040,865		1,3,4,8
Bamboo US Bidco LLC	Delayed Draw	1.00%			9/30/2030	USD		2,380,000		(23,654	)		(23,800	)	1,2,3,6
Bausch Receivables Funding LP	Revolver	11.32%	SOFR	665	1/28/2028	USD		12,000,000		6,820,000			6,998,489		1,3,4,6,7
Biocare Medical LLC	First Lien Term Loan	9.21%	SOFR	475	12/9/2027	USD		21,486,465		21,271,600			21,486,465		1,3,4
Biocare Medical LLC	Revolver	0.50%			12/9/2027	USD		2,777,778		-			-		1,2,3
Blue Cloud Pediatric Surgery Centers, LLC	Delayed Draw	9.35%	SOFR	500	1/21/2031	USD		6,282,029		3,832,803			3,832,571		1,3,4,7
Blue Cloud Pediatric Surgery Centers, LLC	First Lien Term Loan	9.35%	SOFR	500	1/21/2031	USD		29,583,967		29,289,375			29,288,127		1,3,4
Blue Cloud Pediatric Surgery Centers, LLC	Revolver	0.50%			1/21/2031	USD		4,134,004		(41,104	)		(41,340	)	1,2,3
Cardiology Management Holdings, LLC	First Lien Term Loan	10.58%	SOFR	625	1/31/2029	USD		1,808,495		1,770,884			1,808,495		1,3,4,6
Cascade Purchaser, LLC	First Lien Term Loan	9.36%	SOFR	500	12/9/2030	USD		11,516,129		11,373,258			11,372,177		1,3,4,6
Cascade Purchaser, LLC	Revolver	9.36%	SOFR	500	12/9/2030	USD		403,493		398,489			398,449		1,3,4,6
Cascade Purchaser, LLC	Revolver	9.28%	SOFR	500	12/9/2030	USD		154,234		152,325			152,306		1,3,4,6
Cascade Purchaser, LLC	Revolver	0.50%			12/9/2030	USD		676,144		(8,365	)		(8,452	)	1,2,3,6
CDL Parent, Inc.	First Lien Term Loan	9.46%	SOFR	500	12/7/2027	USD		4,408,067		4,343,950			4,342,571		1,3,4,6
CDL Parent, Inc.	Revolver	9.44%	SOFR	500	12/7/2027	USD		251,889		36,658			36,559		1,3,4,6,7
Coding Solutions Acquisition, Inc.	Delayed Draw	9.43%	SOFR	500	8/7/2031	USD		12,264,726		6,486,717			6,613,417		1,3,4,7
Coding Solutions Acquisition, Inc.	First Lien Term Loan	9.25%	SOFR	500	8/7/2031	USD		30,085,792		29,662,656			29,960,094		1,3,4
Coding Solutions Acquisition, Inc.	Revolver	9.43%	SOFR	500	8/7/2031	USD		229,993		226,706			227,305		1,3,4
Coding Solutions Acquisition, Inc.	Revolver	9.33%	SOFR	500	8/7/2031	USD		1,379,955		1,360,372			1,363,832		1,3,4
Coding Solutions Acquisition, Inc.	Revolver	9.28%	SOFR	500	8/7/2031	USD		1,073,298		1,058,056			1,060,758		1,3,4
Coding Solutions Acquisition, Inc.	Revolver	0.50%			8/7/2031	USD		383,321		301,560			302,506		1,3,7
Color Intermediate, LLC	First Lien Term Loan	9.18%	SOFR	475	10/4/2029	USD		40,386,281		39,775,760			40,332,681		1,3,4
Community Medical Acquisition Corp.	Revolver	9.23%	SOFR	475	12/15/2027	USD		3,683,963		3,624,046			3,582,722		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Community Medical Acquisition Corp.	First Lien Term Loan	9.57%	SOFR	475	12/15/2028	USD		25,513,229	$	25,156,576		$	24,966,000		1,3,4
ComPsych Investment Corp.	Delayed Draw	1.00%			7/22/2031	USD		22,000,000		(106,580	)		3,035		1,2,3
ComPsych Investment Corp.	First Lien Term Loan	9.38%	SOFR	475	7/22/2031	USD		62,131,852		61,834,819			62,057,760		1,3,4
Confluent Health, LLC	First Lien Term Loan	11.86%	SOFR	750	11/30/2028	USD		16,885,855		15,961,617			16,587,909		1,3,4
Connect America.com, LLC	First Lien Term Loan	9.83%	SOFR	550	10/11/2029	USD		15,000,000		14,760,012			14,751,688		1,3,4
Continental Buyer, Inc.	Delayed Draw	1.00%			4/2/2031	USD		5,095,541		(72,478	)		-		1,2,3
Continental Buyer, Inc.	Delayed Draw	1.00%			4/2/2031	USD		12,738,854		(181,956	)		-		1,2,3,6
Continental Buyer, Inc.	First Lien Term Loan	9.50%	SOFR	525	4/2/2031	USD		12,993,631		12,813,407			12,993,631		1,3,4
Continental Buyer, Inc.	First Lien Term Loan	9.50%	SOFR	525	4/2/2031	USD		32,484,076		32,030,354			32,484,076		1,3,4,6
Continental Buyer, Inc.	Revolver	9.58%	SOFR	525	4/2/2031	USD		1,910,828		(19,290	)		6,369		1,3,4,7
Continental Buyer, Inc.	Revolver	9.58%	SOFR	525	4/2/2031	USD		4,777,070		(1,042	)		63,694		1,3,4,6,7
CORA Health Holdings Corp.	Delayed Draw	10.74%	ARR CSA	575	6/15/2027	USD		228,025		199,527			216,857		1,3,4
CORA Health Holdings Corp.	First Lien Term Loan	10.74% PIK	ARR CSA		6/15/2027	USD		13,603,123		13,468,961			12,936,864		1,3,4,8
CORA Health Holdings Corp.	Revolver	10.74%	ARR CSA	575	6/15/2027	USD		769,231		249,967			212,324		1,3,4,7
CORDENTAL Group Management, LLC	Delayed Draw	10.72%	SOFR	625	5/31/2026	USD		1,215,000		1,191,411			1,182,748		1,3,4,7
CORDENTAL Group Management, LLC	First Lien Term Loan	10.72%	SOFR	625	5/31/2026	USD		1,878,078		1,856,941			1,844,500		1,3,4
CORDENTAL Group Management, LLC	Revolver	0.50%			5/31/2026	USD		359,500		(3,827	)		(6,427	)	1,2,3
CPC/Cirtec Holdings, Inc.	First Lien Term Loan	9.11%	ARR	475	1/30/2029	USD		8,899,160		8,629,079			8,866,859		1,3,4
CPC/Cirtec Holdings, Inc.	Revolver	11.07%	ARR	625	10/31/2028	USD		1,033,592		641,975			668,083		1,3,4,7
CPC/Cirtec Holdings, Inc.	Revolver	0.50%			10/31/2028	USD		105,085		(949	)		(381	)	1,2,3,6
CPF Dental, LLC	Delayed Draw	9.59%, 4.25% PIK	SOFR	500	9/30/2025	USD		13,142,510		12,737,308			13,104,016		1,3,4,6,8
CPF Dental, LLC	First Lien Term Loan	9.78%, 4.25% PIK	SOFR	500	9/30/2025	USD		5,528,019		5,520,212			5,511,828		1,3,4,6,8
Cradle Lux Bidco S.A.R.L.	Delayed Draw	1.00%			11/27/2031	USD		316,947		(3,127	)		(3,169	)	1,2,3,6
Cradle Lux Bidco S.A.R.L.	First Lien Term Loan	9.94%	SOFR	550	11/27/2031	USD		232,425		227,820			227,776		1,3,4,6
Cradle Lux Bidco S.A.R.L.	First Lien Term Loan	8.28%	EURIBOR	550	11/27/2031	EUR		631,416		653,897			640,965		1,3,4,5,6
Creek Parent, Inc.	First Lien Term Loan	9.63%	SOFR	525	12/18/2031	USD		34,209,217		33,612,748			33,610,555		1,3,4,6
Creek Parent, Inc.	First Lien Term Loan	9.63%	SOFR	525	12/18/2031	USD		153,107,143		150,597,811			150,427,768		1,3,4
Creek Parent, Inc.	Revolver	0.50%			12/18/2031	USD		1,355,999		(23,603	)		(23,730	)	1,2,3,6
Creek Parent, Inc.	Revolver	0.50%			12/18/2031	USD		21,892,857		(358,276	)		(383,125	)	1,2,3
Crossroads Holding, LLC	First Lien Term Loan	9.70%, 1.00% PIK	SOFR	525	12/23/2027	USD		14,029,010		13,926,374			11,867,262		1,3,4,6,8
CVP Holdco, Inc.	Delayed Draw	1.00%			6/28/2030	USD		5,882,852		(56,642	)		(25,306	)	1,2,3,6
CVP Holdco, Inc.	First Lien Term Loan	9.11%	SOFR	475	6/28/2030	USD		22,158,744		21,949,728			21,952,552		1,3,4,6
CVP Holdco, Inc.	Revolver	0.50%			6/28/2030	USD		2,353,141		(21,767	)		(21,896	)	1,2,3,6
DCA Investment Holding, LLC	Delayed Draw	10.73%	SOFR	641	4/3/2028	USD		3,865,729		3,810,986			3,781,344		1,3,4,6
DCA Investment Holding, LLC	First Lien Term Loan	10.73%	SOFR	641	4/3/2028	USD		15,482,873		15,347,029			15,144,898		1,3,4,6
DCA Investment Holding, LLC	First Lien Term Loan	10.73%	SOFR	641	4/3/2028	USD		21,353		21,077			20,887		1,3,4
Deca Dental Holdings, LLC	Delayed Draw	10.18%	SOFR	575	8/26/2028	USD		1,437,037		1,375,963			1,419,593		1,3,4
Deca Dental Holdings, LLC	First Lien Term Loan	10.18%	SOFR	575	8/26/2028	USD		13,651,852		12,903,378			13,486,134		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Deca Dental Holdings, LLC	Revolver	10.18%	SOFR	575	8/26/2028	USD		1,111,111	$	1,110,542		$	1,097,624		1,3,4
Dental365 LLC	Revolver	0.50%			5/5/2028	USD		627,889		(3,015	)		1,570		1,2,3,6
Dental365 LLC	Delayed Draw	9.61%	SOFR	525	8/5/2028	USD		2,298,763		1,231,064			1,240,118		1,3,4,6,7
Dental365 LLC	Delayed Draw	9.59%	SOFR	525	8/5/2028	USD		339,520		339,248			340,368		1,3,4,6
Dental365 LLC	First Lien Term Loan	9.61%	SOFR	525	8/5/2028	USD		1,733,827		1,729,748			1,738,162		1,3,4,6
Dentive Capital, LLC	Delayed Draw	11.08%	SOFR	675	12/23/2028	USD		5,727,994		3,007,930			3,110,893		1,3,4,7
Dermatopathology Laboratory of Central States, LLC	First Lien Term Loan	10.19%	SOFR	575	6/1/2028	USD		16,948,588		16,758,290			16,873,497		1,3,4
Dermatopathology Laboratory of Central States, LLC	Revolver	0.50%			6/1/2028	USD		1,612,903		(22,580	)		(7,146	)	1,2,3
DSH Merger Sub, Inc.	First Lien Term Loan	9.90%	SOFR	540	3/15/2027	USD		3,835,876		3,807,743			3,807,107		1,3,4
Edifecs, Inc.	First Lien Term Loan	9.33%	SOFR	500	11/20/2028	USD		25,045,333		24,692,545			25,408,490		1,3,4
Emerge Intermediate, Inc.	Delayed Draw	10.77%	SOFR	625	2/26/2026	USD		123,645		122,580			121,442		1,3,4
Emerge Intermediate, Inc.	First Lien Term Loan	10.77%	SOFR	625	2/26/2026	USD		12,245,909		12,138,076			12,027,725		1,3,4
Emerge Intermediate, Inc.	Revolver	10.77%	SOFR	625	2/26/2026	USD		1,860,000		1,844,629			1,826,862		1,3,4
Emergency Care Partners, LLC	Delayed Draw	1.00%			10/18/2027	USD		5,720,414		(77,522	)		(90,276	)	1,2,3
Emergency Care Partners, LLC	First Lien Term Loan	10.13%	SOFR	550	10/18/2027	USD		20,250,006		20,020,338			19,930,436		1,3,4
Emergency Care Partners, LLC	Revolver	0.50%			10/18/2027	USD		2,092,020		(28,337	)		(33,014	)	1,2,3
Emmes Blocker, Inc.	Delayed Draw	10.03%	SOFR	575	7/7/2028	USD		11,111,974		10,889,507			11,111,974		1,3,4,6
Emmes Blocker, Inc.	Delayed Draw	10.03%	SOFR	575	7/7/2028	USD		5,420,122		5,312,006			5,420,122		1,3,4
Emmes Blocker, Inc.	First Lien Term Loan	10.03%	SOFR	575	7/7/2028	USD		8,087,652		7,979,884			8,087,652		1,3,4
Endodontic Practice Partners LLC	Delayed Draw	10.62%	SOFR	575	11/2/2027	USD		153,170		151,416			150,812		1,3,4
Endodontic Practice Partners LLC	Delayed Draw	10.41%	SOFR	575	11/2/2027	USD		765,850		757,159			754,056		1,3,4
Endodontic Practice Partners LLC	Delayed Draw	1.00%			11/2/2027	USD		2,684,980		(30,469	)		(41,348	)	1,2,3
ENT MSO LLC	Delayed Draw	11.62%	SOFR	700	12/31/2025	USD		6,606,083		6,341,059			6,606,083		1,3,4,6
ENT MSO LLC	Delayed Draw	10.87%	SOFR	625	12/31/2025	USD		4,786,239		2,365,535			2,419,695		1,3,4,6,7
ENT MSO LLC	Revolver	11.12%	SOFR	650	12/31/2025	USD		958,115		828,244			838,351		1,3,4,6,7
ERC Holdings, LLC	Revolver	7.85%, 3.25% PIK	SOFR	300	11/10/2027	USD		1,422,986		1,075,057			381,351		1,3,4,7,8
ERC Holdings, LLC	Revolver	7.85%, 3.25% PIK	SOFR	300	11/10/2027	USD		6,657,924		5,026,320			1,780,582		1,3,4,6,7,8
ERC Holdings, LLC	First Lien Term Loan	7.59%, 3.25% PIK	SOFR	300	11/10/2028	USD		15,785,245		15,619,519			8,089,938		1,3,4,8
Evolent Health LLC	Delayed Draw	1.00%			12/6/2029	USD		5,961,685		(118,405	)		(119,233	)	1,2,3,6
Evolent Health LLC	Revolver	8.74%	SOFR	400	12/6/2029	USD		1,000		790			790		1,3,4,6,7
Exactcare Parent, Inc.	First Lien Term Loan	10.03%	SOFR	550	11/3/2029	USD		9,419,877		9,198,319			9,391,344		1,3,4
Exactcare Parent, Inc.	Revolver	0.50%			11/3/2029	USD		1,032,787		(23,024	)		(3,128	)	1,2,3
FC Compassus, LLC	Delayed Draw	1.00%			11/26/2030	USD		2,377,215		(35,372	)		(17,829	)	1,2,3
FC Compassus, LLC	First Lien Term Loan	10.02%	SOFR	550	11/26/2030	USD		21,607,991		21,287,642			21,283,871		1,3,4
FH DMI Buyer, Inc.	Delayed Draw	1.00%			10/11/2030	USD		3,055,096		(44,141	)		(43,901	)	1,2,3
FH DMI Buyer, Inc.	First Lien Term Loan	9.33%	SOFR	500	10/11/2030	USD		5,499,172		5,418,922			5,420,149		1,3,4
FH DMI Buyer, Inc.	Revolver	0.50%			10/11/2030	USD		916,529		(13,242	)		(13,170	)	1,2,3
FH MD Buyer, Inc.	First Lien Term Loan	9.47%	SOFR	511	7/22/2028	USD		14,550,000		14,404,500			14,414,164		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Financiere N	First Lien Term Loan	8.93%	SOFR	450	1/22/2029	USD		37,500,000	$	37,500,000		$	37,500,000		1,3,4
Financiere N	Delayed Draw	9.58%	SOFR	525	12/15/2030	USD		32,847,040		15,016,542			15,792,226		1,3,4,7
FinThrive Software Intermediate Holdings, Inc.	Second Lien Term Loan	11.24%	SOFR	675	12/15/2028	USD		4,900,000		4,900,000			4,900,000		1,3,4
FinThrive Software Intermediate Holdings, Inc.	Second Lien Term Loan	8.49%	SOFR	400	12/17/2029	USD		11,500,000		11,500,000			11,500,000		1,3,4
Fortis Life Sciences, LLC	First Lien Term Loan	9.94%	SOFR	525	9/17/2027	USD		18,230,505		18,023,647			16,060,096		1,3,4
Fortis Life Sciences, LLC	Revolver	9.94%	SOFR	525	9/17/2027	USD		2,438,266		2,438,266			2,147,982		1,3,4
FYI Optical Acquisitions, Inc. & FYI USA Inc.	Delayed Draw	10.37%	CDOR	575	3/4/2027	CAD		36,758,217		28,142,541			25,570,934		1,3,4,5
Fyzical Buyer, LLC	First Lien Term Loan	9.61%	SOFR	525	6/26/2028	USD		2,484,000		2,448,457			2,444,256		1,3,4
Fyzical Buyer, LLC	Revolver	9.61%	SOFR	525	6/26/2028	USD		354,000		133,087			132,396		1,3,4,7
Geriatric Medical & Surgical Supply, LLC	First Lien Term Loan	10.33%	SOFR	550	6/21/2027	USD		2,515,050		2,482,760			2,477,324		1,3,4
GHX Ultimate Parent Corporation	First Lien Term Loan	9.08%	SOFR	475	12/27/2031	USD		54,043,492		53,503,783			53,503,057		1,3,4,6
GHX Ultimate Parent Corporation	Revolver	0.50%			12/27/2031	USD		4,956,507		(49,470	)		(49,565	)	1,2,3,6
GSV Holding, LLC	First Lien Term Loan	9.88%	SOFR	525	10/18/2030	USD		46,294,372		45,841,804			45,856,006		1,3,4
GSV Holding, LLC	First Lien Term Loan	9.88%	SOFR	525	10/18/2030	USD		35,805,510		35,453,896			35,466,464		1,3,4,6
GSV Holding, LLC	Revolver	0.50%			10/18/2030	USD		1,602,036		(15,628	)		(15,170	)	1,2,3,6
Gula Buyer Inc.	First Lien Term Loan	9.74%	SOFR	500	10/25/2031	USD		17,816,106		17,596,696			17,602,839		1,3,4,6
Gula Buyer Inc.	First Lien Term Loan	9.55%	SOFR	500	10/25/2031	USD		5,240,964		5,176,649			5,178,227		1,3,4,6
H2 Holdco, Inc.	Delayed Draw	10.59%	SOFR	600	5/5/2028	USD		2,484,000		1,541,480			1,536,634		1,3,4,7
Healthspan Buyer, LLC	First Lien Term Loan	9.58%	SOFR	525	10/16/2030	USD		25,000,000		24,878,481			24,892,458		1,3,4
HEC Purchaser Corp.	First Lien Term Loan	9.75%	SOFR	550	6/17/2029	USD		13,183,868		12,868,242			12,790,132		1,3,4
HEC Purchaser Corp.	Revolver	10.19%	SOFR	550	6/17/2029	USD		246,298		239,865			238,942		1,3,4
HEC Purchaser Corp.	Revolver	9.86%	SOFR	550	6/17/2029	USD		820,994		799,740			796,476		1,3,4
HEC Purchaser Corp.	Revolver	9.83%	SOFR	550	6/17/2029	USD		985,194		179,904			175,826		1,3,4,7
Helium Acquirer Corporation	Delayed Draw	11.42%	SOFR	700	1/5/2029	USD		9,818,480		9,573,224			9,774,978		1,3,4
Helium Acquirer Corporation	First Lien Term Loan	11.42%	SOFR	700	1/5/2029	USD		10,768,263		10,526,952			10,720,554		1,3,4
Helium Acquirer Corporation	First Lien Term Loan	10.92%	SOFR	650	1/5/2029	USD		1,454,348		1,415,035			1,416,748		1,3,4
Helium Acquirer Corporation	Revolver	11.42%	SOFR	700	1/5/2029	USD		1,656,810		497,043			489,702		1,3,4,7
HemaSource, Inc.	First Lien Term Loan	9.11%	SOFR	475	8/31/2029	USD		22,375,000		21,859,378			22,367,703		1,3,4
HemaSource, Inc.	Revolver	0.50%			8/31/2029	USD		4,125,000		-			(1,345	)	1,2,3
HPS Health Care	Delayed Draw	21.25%	PRIME	975	10/27/2025	USD		271,493		267,606			90,787		1,3,4,6
HT Intermediary III, Inc.	Delayed Draw	1.00%			11/12/2030	USD		285,714		(2,825	)		(2,857	)	1,2,3
HT Intermediary III, Inc.	Delayed Draw	1.00%			11/12/2030	USD		3,563,636		(35,426	)		(35,636	)	1,2,3,6
HT Intermediary III, Inc.	First Lien Term Loan	9.20%	SOFR	475	11/12/2030	USD		14,700,000		14,554,286			14,553,000		1,3,4,6
HT Intermediary III, Inc.	First Lien Term Loan	9.05%	SOFR	475	11/12/2030	USD		1,178,571		1,166,984			1,166,786		1,3,4
HT Intermediary III, Inc.	Revolver	9.23%	SOFR	475	11/12/2030	USD		10,714		10,609			10,607		1,3,4
HT Intermediary III, Inc.	Revolver	9.20%	SOFR	475	11/12/2030	USD		96,428		2,628			2,607		1,3,4,7
HT Intermediary III, Inc.	Revolver	9.20%	SOFR	475	11/12/2030	USD		1,336,363		31,339			31,182		1,3,4,6,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Indigo Buyer, Inc.	Delayed Draw	1.00%			11/21/2031	USD		711,335	$	(10,585	)	$	(10,555	)	1,2,3
Indigo Purchaser, Inc.	First Lien Term Loan	9.33%	SOFR	500	11/21/2031	USD		3,129,872		3,083,437			3,083,431		1,3,4
IvyRehab Intermediate II, LLC	Revolver	9.16%	SOFR	475	4/21/2028	USD		3,530,702		2,475,457			2,486,842		1,3,4,7
IvyRehab Intermediate II, LLC	Delayed Draw	10.12%	SOFR	550	4/21/2029	USD		49,938,750		25,467,251			26,328,750		1,3,4,7
IvyRehab Intermediate II, LLC	Delayed Draw	9.41%	SOFR	500	4/21/2029	USD		7,536,417		7,461,806			7,536,417		1,3,4
IvyRehab Intermediate II, LLC	First Lien Term Loan	9.41%	SOFR	500	4/21/2029	USD		22,958,388		22,728,804			22,958,388		1,3,4
IvyRehab Intermediate II, LLC	Delayed Draw	1.00%			9/20/2031	USD		15,000,000		(220,518	)		(210,340	)	1,2,3
Jon Bidco Limited	First Lien Term Loan	8.74%	BKBM	450	3/18/2027	NZD		6,300,000		3,886,871			3,524,870		1,3,4,5
KabaFusion Parent LLC	First Lien Term Loan	9.33%	SOFR	500	11/22/2031	USD		2,500,000		2,475,273			2,475,000		1,3,4
KabaFusion Parent LLC	Revolver	0.50%			11/22/2031	USD		250,000		(2,461	)		(2,500	)	1,2,3
KabaFusion Parent LLC	First Lien Term Loan	9.36%	SOFR	500	11/24/2031	USD		20,000,000		19,801,425			19,800,000		1,3,4,6
KabaFusion Parent LLC	Revolver	0.50%			11/24/2031	USD		2,500,000		(24,748	)		(25,000	)	1,2,3,6
KWOL Acquisition, Inc.	First Lien Term Loan	9.08%	SOFR	475	12/12/2029	USD		22,996,365		22,495,570			22,905,989		1,3,4
KWOL Acquisition, Inc.	Revolver	10.58%	SOFR	625	12/12/2029	USD		3,138,075		719,381			662,235		1,3,4,7
KWOL Acquisition, Inc.	First Lien Term Loan	9.08%	SOFR	475	7/30/2029	USD		5,868,994		5,737,461			5,845,929		1,3,4
KWOL Acquisition, Inc.	Revolver	0.50%			7/30/2029	USD		800,881		-			(31,208	)	1,2,3
Life Science Intermediate Holdings, LLC	Delayed Draw	10.20%	SONIA	550	6/10/2027	GBP		7,374,930		8,603,375			9,107,954		1,3,4,5
Life Science Intermediate Holdings, LLC	Delayed Draw	10.19%	SOFR	560	6/10/2027	USD		27,274,384		22,971,543			23,026,420		1,3,4,7
Life Science Intermediate Holdings, LLC	Delayed Draw	8.36%	EURIBOR	550	6/10/2027	EUR		5,915,973		6,161,935			6,045,328		1,3,4,5
Life Science Intermediate Holdings, LLC	First Lien Term Loan	10.19%	SOFR	560	6/10/2027	USD		2,834,109		2,803,336			2,795,873		1,3,4
Life Science Intermediate Holdings, LLC	Revolver	10.19%	SOFR	560	6/10/2027	USD		1,806,360		1,794,619			1,781,990		1,3,4
Limpio Bidco GMBH	First Lien Term Loan	8.25%	EURIBOR	520	10/31/2030	EUR		12,101,044		12,436,967			12,699,138		1,3,4,5
LivTech Purchaser, Inc.	Delayed Draw	1.00%			11/22/2031	USD		1,055,013		(10,470	)		(10,400	)	1,2,3,6
LivTech Purchaser, Inc.	First Lien Term Loan	9.01%	SOFR	450	11/22/2031	USD		923,136		914,005			914,036		1,3,4,6
LivTech Purchaser, Inc.	Revolver	0.50%			11/22/2031	USD		274,865		(2,706	)		(2,709	)	1,2,3,6
MB2 Dental Solutions, LLC	Delayed Draw	9.86%	SOFR	550	1/29/2027	USD		6,695,160		2,361,722			2,338,754		1,3,4,6,7
MB2 Dental Solutions, LLC	First Lien Term Loan	9.86%	SOFR	550	1/29/2027	USD		12,024,339		11,926,233			11,910,972		1,3,4,6
MB2 Dental Solutions, LLC	Revolver	9.86%	SOFR	550	1/29/2027	USD		836,896		164,457			167,857		1,3,4,6,7
MB2 Dental Solutions, LLC	Delayed Draw	10.02%	SOFR	550	2/13/2031	USD		6,376,581		6,251,155			6,316,462		1,3,4
MB2 Dental Solutions, LLC	Delayed Draw	9.86%	SOFR	550	2/13/2031	USD		26,579,950		4,062,520			4,013,767		1,3,4,7
MB2 Dental Solutions, LLC	First Lien Term Loan	9.86%	SOFR	550	2/13/2031	USD		22,776,583		22,692,709			22,561,842		1,3,4
MB2 Dental Solutions, LLC	Revolver	9.86%	SOFR	550	2/13/2031	USD		3,697,055		2,249,241			2,241,178		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
MedMark Services, Inc.	Delayed Draw	9.59%	SOFR	500	6/11/2027	USD		6,000,557	$	5,980,937		$	6,000,556		1,3,4
MedMark Services, Inc.	First Lien Term Loan	9.59%	SOFR	500	6/11/2027	USD		7,752,500		7,674,975			7,752,500		1,3,4
Millstone Medical Outsourcing, LLC	First Lien Term Loan	9.40%	SOFR	475	12/15/2027	USD		12,981,132		12,889,320			12,889,883		1,3,4,6
Millstone Medical Outsourcing, LLC	Revolver	0.50%			12/15/2027	USD		3,018,868		(21,147	)		(21,221	)	1,2,3,6
Mist Holding Co.	Delayed Draw	1.00%			12/23/2030	USD		4,617,897		(46,084	)		(46,179	)	1,2,3
Mist Holding Co.	First Lien Term Loan	9.34%	SOFR	500	12/23/2030	USD		5,711,375		5,654,435			5,654,262		1,3,4
Mist Holding Co.	Revolver	9.34%	SOFR	500	12/23/2030	USD		1,424,727		341,989			341,935		1,3,4,7
MN Acquisition, Inc.	First Lien Term Loan	6.86%, 3.75% PIK	SOFR	225	8/25/2028	USD		19,806,018		19,531,614			13,433,007		1,3,4,8
MN Acquisition, Inc.	Revolver	6.86%, 3.75% PIK	SOFR	225	8/25/2028	USD		2,500,147		1,774,519			970,043		1,3,4,7,8
Myorthos Management, LLC	Revolver	0.50%			1/15/2025	USD		286,982		-			-		1,2,3,6
Myorthos Management, LLC	Revolver	9.88%	SOFR	550	10/31/2024	USD		5,857		5,857			5,857		1,3,4,6
Myorthos Management, LLC	Delayed Draw	9.85%	SOFR	550	11/1/2027	USD		8,926,793		8,835,372			3,816,204		1,3,4,6
Myorthos Management, LLC	First Lien Term Loan	9.85%	SOFR	550	11/1/2027	USD		4,832,078		4,795,838			2,065,713		1,3,4,6
National Dentex Labs LLC	Delayed Draw	12.48%	SOFR	800	4/3/2026	USD		3,812,960		3,725,887			3,589,599		1,3,4
National Dentex Labs LLC	Delayed Draw	12.46%	SOFR	800	4/3/2026	USD		344,829		221,152			210,711		1,3,4,7
National Dentex Labs, LLC	First Lien Term Loan	12.48%	SOFR	800	4/3/2026	USD		7,119,965		7,072,222			6,700,281		1,3,4
National Dentex Labs, LLC	Revolver	11.48%	SOFR	700	4/3/2026	USD		919,540		809,195			752,928		1,3,4,7
Nephron Pharmaceuticals Corporation	First Lien Term Loan	20.00% PIK			9/11/2026	USD		1,744,383		1,744,383			2,044,417		1,3,8
Nephron Pharmaceuticals Corporation	First Lien Term Loan	15.75%	SOFR	1100	9/11/2026	USD		29,392,525		28,835,763			27,026,067		1,3,4
Net Health Acquisition Corp	First Lien Term Loan	9.11%	SOFR	475	7/4/2031	USD		23,794,843		23,567,733			23,708,476		1,3,4,6
Net Health Acquisition Corp	Revolver	9.34%	SOFR	500	7/4/2031	USD		3,531,390		531,954			552,205		1,3,4,6,7
Netsmart Technologies, Inc.	Delayed Draw	1.00%			8/23/2031	USD		12,374,078		(120,886	)		(123,741	)	1,2,3
Netsmart Technologies, Inc.	First Lien Term Loan	6.86%, 2.70% PIK	SOFR	250	8/23/2031	USD		92,632,268		91,737,534			91,705,945		1,3,4,8
Netsmart Technologies, Inc.	Revolver	0.50%			8/23/2031	USD		12,621,778		(120,389	)		(126,218	)	1,2,3
Next HoldCo, LLC	Revolver	0.50%			11/9/2029	USD		7,114,625		(86,697	)		-		1,2,3
Next HoldCo, LLC	Delayed Draw	1.00%			11/9/2030	USD		18,956,199		(261,472	)		-		1,2,3
Next HoldCo, LLC	First Lien Term Loan	10.02%	SOFR	550	11/9/2030	USD		73,559,531		72,582,482			73,559,531		1,3,4
NWI Merger Sub, Inc.	Delayed Draw	1.00%			12/4/2029	USD		3,366,000		(62,171	)		(67,320	)	1,2,3
NWI Merger Sub, Inc.	First Lien Term Loan	9.77%	SOFR	525	12/4/2029	USD		8,863,800		8,732,364			8,686,524		1,3,4
NWI Merger Sub, Inc.	Revolver	0.50%			12/4/2029	USD		1,306,000		(24,118	)		(26,120	)	1,2,3
OA Buyer, Inc.	First Lien Term Loan	9.11%	SOFR	475	12/20/2028	USD		6,842,105		6,762,318			6,842,105		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
OB Hospitalist Group	First Lien Term Loan	9.71%	SOFR	525	9/27/2027	USD		50,894,031	$	50,215,886		$	49,929,787		1,3,4
OB Hospitalist Group	Revolver	0.50%			9/27/2027	USD		2,862,595		(6,514	)		(54,235	)	1,2,3
OIA Acquisition, LLC	Delayed Draw	9.60%	ARR CSA	525	10/19/2027	USD		1,345,801		1,332,836			1,323,671		1,3,4
OIA Acquisition, LLC	First Lien Term Loan	9.60%	ARR CSA	525	10/19/2027	USD		10,919,786		10,810,588			10,740,227		1,3,4
OIA Acquisition, LLC	Revolver	9.74%	SOFR	525	10/19/2027	USD		1,928,571		580,810			568,288		1,3,4,7
OIS Management Services, LLC	Delayed Draw	9.08%	SOFR	475	11/16/2028	USD		4,687,520		4,640,795			4,601,056		1,3,4
OIS Management Services, LLC	Delayed Draw	9.08%	SOFR	475	11/16/2028	USD		13,409,857		13,177,443			13,162,506		1,3,4,6
OIS Management Services, LLC	First Lien Term Loan	9.08%	SOFR	475	11/16/2028	USD		12,148,333		12,026,850			11,924,250		1,3,4
OIS Management Services, LLC	Revolver	0.50%			11/16/2028	USD		1,423,077		-			(26,250	)	1,2,3
OMH-Healthedge Holdings, Inc.	First Lien Term Loan	10.25%	SOFR	600	10/6/2029	USD		4,488,722		4,393,859			4,488,722		1,3,4
OMH-Healthedge Holdings, Inc.	Revolver	0.50%			10/6/2029	USD		488,722		(12,218	)		-		1,2,3
Ons Mso, LLC	Delayed Draw	10.34%	SOFR	575	7/8/2026	USD		6,533,354		3,109,490			3,124,088		1,3,4,6,7
Ons Mso, LLC	Revolver	13.75%	PRIME	850	7/8/2026	USD		5,527,184		2,973,169			2,962,513		1,3,4,6,7
Ons Mso, LLC	Revolver	0.50%			7/8/2026	USD		701,757		(6,391	)		(1,353	)	1,2,3,6
Onsite Holdings, LLC	Revolver	10.70%	SOFR	635	12/28/2025	USD		1,226,901		224,689			221,438		1,3,4,6,7
Onsite Holdings, LLC	First Lien Term Loan	10.67%	SOFR	625	12/28/2027	USD		1,840,351		1,805,325			1,804,437		1,3,4,6
OpCo Borrower, LLC	First Lien Term Loan	10.62%	SOFR	600	4/26/2029	USD		15,000,000		14,893,944			14,902,008		1,3,4
Oracle Vision Holdco Limited	Delayed Draw	10.31%	SONIA	525	10/11/2031	GBP		20,454,545		25,955,691			25,046,455		1,3,4,5
Oracle Vision Holdco Limited	Delayed Draw	1.00%			10/11/2031	GBP		4,545,455		2,263,964			2,062,697		1,2,3,5
Oral Surgery Partners, LLC	Delayed Draw	9.30%	SOFR	475	11/16/2028	USD		496,347		491,657			492,198		1,3,4
Oral Surgery Partners, LLC	Delayed Draw	9.27%	SOFR	475	11/16/2028	USD		1,516,617		1,502,222			1,503,938		1,3,4
Oral Surgery Partners, LLC	Delayed Draw	9.08%	SOFR	475	11/16/2028	USD		896,183		887,783			888,691		1,3,4
Oral Surgery Partners, LLC	Delayed Draw	9.07%	SOFR	475	11/16/2028	USD		668,690		662,295			663,100		1,3,4
Oral Surgery Partners, LLC	Delayed Draw	1.00%			11/16/2028	USD		3,660,562		(35,039	)		(30,602	)	1,2,3
Org USME Buyer, LLC	First Lien Term Loan	10.49%	SOFR	575	11/24/2026	USD		15,988,946		15,832,531			15,285,865		1,3,4
Org USME Buyer, LLC	Revolver	10.49%	SOFR	575	11/24/2026	USD		936,232		842,403			801,440		1,3,4,7
Orthodontic Partners, LLC	Delayed Draw	11.24%	SOFR	650	10/12/2027	USD		14,064,181		13,782,897			14,204,823		1,3,4
Orthodontic Partners, LLC	First Lien Term Loan	10.96%	SOFR	650	10/12/2027	USD		9,551,515		9,423,373			9,647,030		1,3,4
Pediatric Home Respiratory Services LLC	Delayed Draw	1.00%			12/23/2030	USD		4,800,000		(23,952	)		(24,000	)	1,2,3
Pediatric Home Respiratory Services LLC	First Lien Term Loan	9.78%	SOFR	550	12/23/2030	USD		24,533,333		24,411,031			24,410,667		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Pediatric Home Respiratory Services LLC	Revolver	9.78%	SOFR	550	12/23/2030	USD		2,666,667	$	413,385		$	413,333		1,3,4,7
PerkinElmer U.S., LLC	First Lien Term Loan	9.34%	SOFR	500	3/13/2029	USD		4,987,499		4,903,412			4,987,499		1,3,4,6
PetVet Care Centers, LLC	Revolver	0.50%			11/15/2029	USD		5,188,750		(68,318	)		(307,902	)	1,2,3
PetVet Care Centers, LLC	Delayed Draw	1.00%			11/15/2030	USD		5,188,750		(87,238	)		(307,902	)	1,2,3
PetVet Care Centers, LLC	First Lien Term Loan	10.36%	SOFR	600	11/15/2030	USD		39,482,112		38,776,379			37,139,232		1,3,4
Phantom Purchaser, Inc.	First Lien Term Loan	9.35%	SOFR	500	9/19/2031	USD		24,691,309		24,450,010			24,460,033		1,3,4,6
Phantom Purchaser, Inc.	Revolver	0.50%			9/19/2031	USD		3,158,191		(30,572	)		(29,582	)	1,2,3,6
Pharmalogic Holdings Corp.	Delayed Draw	1.00%			6/21/2030	USD		8,838,384		(96,587	)		(56,855	)	1,2,3
Pharmalogic Holdings Corp.	First Lien Term Loan	9.36%	SOFR	500	6/21/2030	USD		26,096,212		25,913,299			25,732,411		1,3,4
Phynet Dermatology LLC	Delayed Draw	1.00%			10/20/2029	USD		11,133,125		(192,132	)		-		1,2,3,6
Phynet Dermatology LLC	First Lien Term Loan	11.12%	SOFR	650	10/20/2029	USD		16,918,796		16,728,288			16,918,796		1,3,4,6
Phynet Dermatology LLC	Revolver	11.09%	SOFR	650	10/20/2029	USD		765,127		612,810			625,746		1,3,4,6,7
Pinnacle Dermatology Management, LLC	Revolver	8.50%	SOFR	400	12/8/2026	USD		1,082,474		1,068,943			1,070,093		1,3,4\
Pinnacle Dermatology Management, LLC	Delayed Draw	10.36%	SOFR	575	12/8/2028	USD		1,298,474		1,295,117			1,179,633		1,3,4
Pinnacle Dermatology Management, LLC	First Lien Term Loan	10.28%	SOFR	575	12/8/2028	USD		11,120,691		10,988,426			10,102,880		1,3,4
Pinnacle Treatment Centers, Inc.	Delayed Draw	10.01%	SOFR	550	1/4/2027	USD		911,960		889,204			904,542		1,3,4
Pinnacle Treatment Centers, Inc.	First Lien Term Loan	10.01%	SOFR	550	1/4/2027	USD		15,463,426		15,198,295			15,337,639		1,3,4
Pinnacle Treatment Centers, Inc.	Revolver	13.25%	PRIME	425	1/4/2027	USD		503,862		118,436			114,338		1,3,4,7
Pinnacle Treatment Centers, Inc.	Revolver	12.25%	PRIME	425	1/4/2027	USD		197,394		195,789			195,788		1,3,4
Pinnacle Treatment Centers, Inc.	Revolver	0.50%			1/4/2027	USD		680,502		(3,158	)		(5,535	)	1,2,3
PPV Intermediate Holdings LLC	Delayed Draw	1.00%			8/20/2031	USD		4,250,000		(41,415	)		(35,355	)	1,2,3
PPV Intermediate Holdings LLC	First Lien Term Loan	10.26%	SOFR	575	8/31/2029	USD		45,213,279		44,634,740			45,213,279		1,3,4
PPV Intermediate Holdings LLC	Revolver	0.50%			8/31/2029	USD		2,538,076		-			-		1,2,3
PPV Intermediate Holdings LLC	Delayed Draw	13.25%	PRIME	425	8/31/2030	USD		2,260,135		2,216,456			2,121,155		1,3,4
PPV Intermediate Holdings LLC	Delayed Draw	10.51%	SOFR	600	8/31/2030	USD		1,121,528		1,115,920			1,114,314		1,3,4
PPV Intermediate Holdings LLC	First Lien Term Loan	13.75% PIK			8/31/2030	USD		16,998,814		16,601,095			16,889,466		1,3,8
Premier Care Dental Management, LLC	Revolver	9.59%	SOFR	525	5/5/2028	USD		654,506		31,739			38,935		1,3,4,7
Premier Care Dental Management, LLC	Delayed Draw	9.61%	SOFR	525	8/5/2028	USD		3,267,896		545,462			569,685		1,3,4,7
Premier Imaging, LLC	Delayed Draw	10.59%	SOFR	600	3/31/2026	USD		4,232,054		4,232,056			3,738,804		1,3,4
Premier Imaging, LLC	First Lien Term Loan	10.59%	SOFR	600	3/31/2026	USD		23,491,121		23,421,899			20,753,208		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Premise Health Holding Corp.	Revolver	0.50%			3/1/2030	USD		2,037,609	$	(26,546	)	$	-		1,2,3,6
Premise Health Holding Corp.	First Lien Term Loan	9.82%	SOFR	550	3/3/2031	USD		17,577,775		17,335,270			17,577,775		1,3,4,6
Prolacta Bioscience, Inc.	First Lien Term Loan	13.34%	SOFR	900	12/21/2029	USD		2,083,333		2,056,603			2,054,290		1,3,4,6
Prolacta Bioscience, Inc.	First Lien Term Loan	9.77%	SOFR	543	12/21/2029	USD		6,458,333		6,374,189			6,368,299		1,3,4,6
PSKW Intermediate, LLC	First Lien Term Loan	9.95%	SOFR	550	3/9/2028	USD		2,134,351		2,129,092			2,129,015		1,3,4
Purpose Home Health	Delayed Draw	10.18%	SOFR	550	11/3/2027	USD		1,455,300		1,435,217			1,429,832		1,3,4
Purpose Home Health	First Lien Term Loan	10.24%	SOFR	575	11/3/2027	USD		465,075		458,441			456,936		1,3,4
Q-Centrix LLC	First Lien Term Loan	9.61%	SOFR	500	5/29/2025	USD		818,490		637,840			818,490		1,3,4
Q-Centrix LLC	First Lien Term Loan	9.11%	SOFR	450	5/29/2025	USD		4,796,438		4,766,500			4,796,438		1,3,4
Raven Buyer, Inc.	First Lien Term Loan	10.66%	SOFR	600	2/1/2027	USD		12,727,854		12,633,553			12,008,902		1,3,4
Raven Buyer, Inc.	Revolver	10.66%	SOFR	600	2/1/2027	USD		2,045,455		1,757,878			1,643,550		1,3,4,7
RBP Global Holdings Limited	First Lien Term Loan	9.83%	SOFR	525	11/4/2030	USD		30,618,015		29,115,469			29,087,114		1,3,4
REP BEHAVIORAL HEALTH	Delayed Draw	1.00%			12/31/2030	USD		4,615,385		(69,215	)		(69,231	)	1,2,3,6
REP BEHAVIORAL HEALTH	First Lien Term Loan	9.36%	SOFR	500	12/31/2030	USD		10,576,923		10,418,321			10,418,269		1,3,4,6
REP BEHAVIORAL HEALTH	Revolver	9.36%	SOFR	500	12/31/2030	USD		2,307,693		157,708			157,692		1,3,4,6,7
RPC Topco, Inc.	First Lien Term Loan	9.25%	SOFR	500	8/30/2031	USD		21,969,697		21,651,208			21,673,299		1,3,4
RPC Topco, Inc.	Revolver	0.50%			8/30/2031	USD		3,030,303		(43,332	)		(40,882	)	1,2,3
Sage Dental Management, LLC	Delayed Draw	10.60%	SOFR	575	6/30/2026	USD		1,087,893		1,086,519			1,080,276		1,3,4
Sage Dental Management, LLC	Delayed Draw	10.53%	SOFR	575	6/30/2026	USD		123,800		123,769			122,933		1,3,4
Sage Dental Management, LLC	Delayed Draw	9.88%	SOFR	525	6/30/2026	USD		238,920		237,743			237,248		1,3,4
Sage Dental Management, LLC	Delayed Draw	9.60%	SOFR	525	6/30/2026	USD		162,900		162,106			161,760		1,3,4
Sage Dental Management, LLC	Delayed Draw	1.00%			6/30/2026	USD		2,122,013		(9,972	)		(14,854	)	1,2,3
Sage Dental Management, LLC	First Lien Term Loan	10.60%	SOFR	575	6/30/2026	USD		207,375		206,953			205,923		1,3,4
Sage Dental Management, LLC	First Lien Term Loan	9.58%	SOFR	525	6/30/2026	USD		15,258,300		15,189,335			15,151,492		1,3,4
Sage Dental Management, LLC	Revolver	9.87%	SOFR	525	6/30/2026	USD		429,800		427,682			426,792		1,3,4
Sage Dental Management, LLC	Revolver	9.58%	SOFR	525	6/30/2026	USD		1,719,200		359,976			356,366		1,3,4,7
SDG Mgmt Company, LLC	Delayed Draw	1.00%			7/1/2028	USD		7,889,062		(117,176	)		(118,335	)	1,2,3
SDG Mgmt Company, LLC	Revolver	0.50%			7/1/2028	USD		525,938		(7,735	)		(7,889	)	1,2,3
Signature Dental Partners LLC	Delayed Draw	10.34%	SOFR	575	10/29/2026	USD		2,252,501		847,021			837,929		1,3,4,7
Signature Dental Partners LLC	First Lien Term Loan	10.37%	SOFR	575	10/29/2026	USD		450,500		445,409			443,742		1,3,4
Signature MD, Inc.	Delayed Draw	10.08%	SOFR	575	7/15/2027	USD		911,251		250,589			248,863		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Signature MD, Inc.	First Lien Term Loan	10.08%	SOFR	575	7/15/2027	USD		2,405,700	$	2,379,594		$	2,375,629		1,3,4
Signature MD, Inc.	Revolver	10.11%	SOFR	575	7/15/2027	USD		431,000		88,091			87,278		1,3,4,7
Smile Doctors, LLC	Revolver	0.50%			12/23/2027	USD		2,208,481		-			(3,152	)	1,2,3
Smile Doctors, LLC	Delayed Draw	10.81%	SOFR	590	12/23/2028	USD		4,997,388		2,919,429			3,002,755		1,3,4,6,7
Smile Doctors, LLC	First Lien Term Loan	10.81%	SOFR	590	12/23/2028	USD		22,296,825		22,064,767			22,265,001		1,3,4
Southern Orthodontic Partners Management, LLC	Delayed Draw	9.58%	SOFR	525	7/27/2026	USD		2,087,152		549,923			539,672		1,3,4,7
Southern Orthodontic Partners Management, LLC	First Lien Term Loan	9.58%	SOFR	525	7/27/2026	USD		447,248		443,334			440,856		1,3,4
Space Intermediate III, Inc.	First Lien Term Loan	7.77%, 3.00% PIK	SOFR	325	11/8/2029	USD		58,832,257		58,489,425			58,832,257		1,3,4,8
Specialized Dental Holdings II, LLC	Delayed Draw	9.30%	SOFR	475	11/1/2027	USD		501,253		492,218			501,253		1,3,4,6
Specialized Dental Holdings II, LLC	Delayed Draw	9.11%	SOFR	475	11/1/2027	USD		1,819,362		226,625			259,909		1,3,4,6,7
SSCP Pegasus Midco Limited	First Lien Term Loan	10.82%	SONIA	600	11/16/2027	GBP		1,797,628		2,407,775			2,250,411		1,3,4,5
SSCP Pegasus Midco Limited	First Lien Term Loan	10.82%	SONIA	600	6/16/2028	GBP		3,613,000		4,948,228			4,523,035		1,3,4,5
Star Dental Partners, LLC	Delayed Draw	9.61%	SOFR	525	12/22/2028	USD		1,982,778		1,604,811			1,595,843		1,3,4,7
Star Dental Partners, LLC	First Lien Term Loan	9.61%	SOFR	525	12/22/2028	USD		1,660,357		1,625,490			1,618,848		1,3,4
Star Dental Partners, LLC	Revolver	0.50%			12/22/2028	USD		260,500		(5,201	)		(6,513	)	1,2,3
STCH Intermediate Inc.	First Lien Term Loan	9.94%	SOFR	525	10/30/2026	USD		4,936,350		4,891,016			4,889,405		1,3,4,6
STCH Intermediate Inc.	Revolver	0.50%			10/30/2026	USD		419,401		(3,812	)		(3,989	)	1,2,3,6
SureScripts, LLC	First Lien Term Loan	8.33%	SOFR	400	11/1/2031	USD		4,687,500		4,641,427			4,640,625		1,3,4
SureScripts, LLC	Revolver	0.50%			11/1/2031	USD		937,500		(9,153	)		(9,375	)	1,2,3
TBRS, Inc.	Revolver	9.26%	SOFR	475	11/22/2030	USD		3,191,489		160,142			160,030		1,3,4,7
TBRS, Inc.	Delayed Draw	1.00%			11/22/2031	USD		5,744,681		(57,009	)		(56,627	)	1,2,3
TBRS, Inc.	First Lien Term Loan	9.26%	SOFR	475	11/22/2031	USD		21,063,830		20,855,461			20,856,196		1,3,4
TEAM Services Group, LLC	First Lien Term Loan	9.46%	SOFR	500	12/20/2027	USD		7,722,419		7,537,540			7,773,927		1,4
TerSera Therapeutics, LLC	First Lien Term Loan	10.11%	SOFR	575	4/4/2029	USD		6,898,504		6,749,513			6,967,489		1,3,4
TerSera Therapeutics, LLC	Revolver	0.50%			4/4/2029	USD		531,828		(15,955	)		-		1,2,3
TheKey, LLC	Delayed Draw	9.53%	SOFR	500	3/30/2027	USD		1,485,820		1,264,459			1,431,640		1,3,4,6
Thunder Buyer, Inc.	Delayed Draw	1.00%			10/17/2030	USD		3,273,435		(48,553	)		(47,373	)	1,2,3
Thunder Buyer, Inc.	Delayed Draw	1.00%			10/17/2030	USD		2,953,632		(43,760	)		(42,744	)	1,2,3,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Thunder Buyer, Inc.	First Lien Term Loan	9.65%	SOFR	500	10/17/2030	USD		7,417,464	$	7,308,304		$	7,310,120		1,3,4
Thunder Buyer, Inc.	First Lien Term Loan	9.65%	SOFR	500	10/17/2030	USD		6,696,697		6,598,062			6,599,784		1,3,4,6
Thunder Buyer, Inc.	Revolver	0.50%			10/17/2030	USD		1,746,163		(25,455	)		(25,270	)	1,2,3
Thunder Buyer, Inc.	Revolver	0.50%			10/17/2030	USD		1,575,014		(23,047	)		(22,793	)	1,2,3,6
TIDI Legacy Products, Inc.	Delayed Draw	1.00%			12/19/2029	USD		3,623,188		(66,847	)		-		1,2,3
TIDI Legacy Products, Inc.	Delayed Draw	1.00%			12/19/2029	USD		6,974,525		(128,591	)		-		1,2,3,6
TIDI Legacy Products, Inc.	First Lien Term Loan	9.61%	SOFR	525	12/19/2029	USD		13,664,855		13,424,716			13,664,855		1,3,4
TIDI Legacy Products, Inc.	First Lien Term Loan	9.61%	SOFR	525	12/19/2029	USD		26,370,680		25,906,896			26,370,680		1,3,4,6
TIDI Legacy Products, Inc.	Revolver	0.50%			12/19/2029	USD		2,608,696		(43,899	)		-		1,2,3
TIDI Legacy Products, Inc.	Revolver	0.50%			12/19/2029	USD		5,021,658		(84,619	)		-		1,2,3,6
Tivity Health, Inc.	First Lien Term Loan	9.36%	SOFR	500	6/28/2029	USD		69,375,219		68,859,590			69,375,219		1,3,4
Top RX, LLC	First Lien Term Loan	9.60%	SOFR	525	12/18/2029	USD		11,417,413		11,190,420			11,189,065		1,3,4
Top RX, LLC	Revolver	0.50%			12/18/2029	USD		1,332,587		(26,451	)		(26,652	)	1,2,3
TPC Holdco, LLC	Second Lien Term Loan	12.69%	SOFR	800	3/29/2028	USD		5,000,000		4,951,732			4,904,025		1,3,4
Transitions Hospice, LLC	Delayed Draw	1.00%			10/25/2027	USD		179,700		(2,109	)		(2,246	)	1,2,3
Transitions Hospice, LLC	First Lien Term Loan	10.33%	SOFR	600	10/25/2027	USD		1,916,800		1,894,087			1,892,840		1,3,4
Transitions Hospice, LLC	Revolver	0.50%			10/25/2027	USD		281,600		(3,303	)		(3,520	)	1,2,3
Troy Gastroenterology, P.C.	Delayed Draw	10.74%	SOFR	615	11/25/2025	USD		2,706,386		2,693,098			2,706,386		1,3,4
Troy Gastroenterology, P.C.	First Lien Term Loan	10.74%	SOFR	615	11/25/2025	USD		4,510,714		4,458,891			4,510,714		1,3,4
Troy Gastroenterology, P.C.	Revolver	10.74%	SOFR	615	11/25/2025	USD		591,133		388,366			394,089		1,3,4,7
TurningPoint Healthcare Solutions, LLC	Revolver	0.50%			7/14/2027	USD		1,816,524		-			(11,685	)	1,2,3,6
United Digestive MSO Parent, LLC	Delayed Draw	1.00%			3/30/2029	USD		18,455,000		(202,224	)		(175,508	)	1,2,3
United Digestive MSO Parent, LLC	Delayed Draw	1.00%			3/30/2029	USD		1,278,571		(19,179	)		(12,159	)	1,2,3,6
United Digestive MSO Parent, LLC	First Lien Term Loan	10.08%	SOFR	575	3/30/2029	USD		15,459,575		15,079,675			15,312,553		1,3,4
United Digestive MSO Parent, LLC	First Lien Term Loan	10.08%	SOFR	575	3/30/2029	USD		4,809,986		4,695,980			4,764,242		1,3,4,6
United Digestive MSO Parent, LLC	Revolver	10.14%	SOFR	575	3/30/2029	USD		6,977,501		1,255,649			1,265,381		1,3,4,7
United Digestive MSO Parent, LLC	Revolver	10.14%	SOFR	575	3/30/2029	USD		639,286		236,536			249,635		1,3,4,6,7
United Musculoskeletal Partners Acquisition Holdings, LLC	First Lien Term Loan	10.40%	SOFR	575	7/15/2028	USD		8,275,862		8,193,517			8,264,050		1,3,4
United Musculoskeletal Partners Acquisition Holdings, LLC	Revolver	10.11%	SOFR	575	7/15/2028	USD		1,724,138		442,529			457,309		1,3,4,7
Universal Marine Medical Supply International, LLC	Delayed Draw	1.00%			3/7/2029	USD		2,347,000		(24,267	)		(9,708	)	1,2,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Universal Marine Medical Supply International, LLC	First Lien Term Loan	10.93%	SOFR	650	3/7/2029	USD		7,278,000	$	7,134,685		$	7,142,808		1,3,4
Universal Marine Medical Supply International, LLC	Revolver	11.13%	SOFR	650	3/7/2029	USD		625,000		425,560			424,794		1,3,4,7
Urology Management Holdings, Inc.	Delayed Draw	9.83%	SOFR	550	6/15/2026	USD		17,779,036		17,421,365			17,620,173		1,3,4
Urology Management Holdings, Inc.	First Lien Term Loan	9.83%	SOFR	550	6/15/2026	USD		11,379,344		11,179,706			11,277,665		1,3,4
Urology Management Holdings, Inc.	Revolver	0.50%			6/15/2026	USD		1,190,476		(17,857	)		(10,637	)	1,2,3,6
USHV Management, LLC	Delayed Draw	11.44%	SOFR	675	12/23/2027	USD		3,863,909		3,744,190			3,838,667		1,3,4
USHV Management, LLC	First Lien Term Loan	11.44%	SOFR	675	12/23/2027	USD		7,667,027		7,505,303			7,616,940		1,3,4
USHV Management, LLC	First Lien Term Loan	10.69%	SOFR	600	12/23/2027	USD		1,064,642		1,043,503			1,036,051		1,3,4,6
USHV Management, LLC	Revolver	11.06%	SOFR	638	12/23/2027	USD		356,664		282,854			286,420		1,3,4,6,7
Vardiman Black Holdings, LLC	Delayed Draw	5.00%, 6.44% PIK			3/18/2027	USD		558,711		547,882			558,711		1,3,4,8
Vardiman Black Holdings, LLC	First Lien Term Loan	5.00%, 6.65% PIK			3/18/2027	USD		34,376,515		34,376,515			34,376,515		1,3,4,8
Vardiman Black Holdings, LLC	Delayed Draw	5.00%, 6.65% PIK			3/29/2026	USD		2,924,484		2,859,092			2,915,724		1,3,4,7,8
Vardiman Black Holdings, LLC	Delayed Draw	5.00%, 6.44% PIK			3/29/2026	USD		167,613		164,471			167,613		1,3,4,8
Vardiman Black Holdings, LLC	Delayed Draw	1.25%			3/29/2026	USD		548,284		(10,301	)		-		1,2,3
Varsity Rejuvenate, LLC	Delayed Draw	10.67%	SOFR	600	12/29/2025	USD		1,280,000		575,825			560,000		1,3,4,7
Varsity Rejuvenate, LLC	First Lien Term Loan	10.48%	SOFR	600	9/1/2028	USD		596,400		584,051			581,490		1,3,4
Varsity Rejuvenate, LLC	Revolver	0.50%			9/1/2028	USD		58,200		(1,167	)		(1,455	)	1,2,3
Vermont Aus Pty Ltd.	First Lien Term Loan	10.22%	BBSY	575	3/23/2028	AUD		18,468,672		15,454,948			14,402,143		1,3,4,5
VetCor Acquisition	Delayed Draw	10.51%	SOFR	600	8/31/2029	USD		60,000,000		59,700,000			59,768,745		1,3,4
VetCor Acquisition	First Lien Term Loan	10.26%	SOFR	575	8/31/2029	USD		9,975,000		9,982,181			9,986,283		1,3,4,6
VetEvolve Holdings, LLC	Delayed Draw	9.61%	SOFR	525	10/12/2028	USD		23,024,633		11,021,876			11,216,763		1,3,4,6,7
VetEvolve Holdings, LLC	First Lien Term Loan	9.61%	SOFR	525	10/12/2028	USD		16,884,849		16,517,097			16,566,127		1,3,4,6
Viant Medical Holdings, Inc. (fka MedPlast Holdings, Inc.)	Delayed Draw	11.06%	SOFR	650	10/29/2032	USD		968,329		452,688			452,219		1,3,4,7
Viant Medical Holdings, Inc. (fka MedPlast Holdings, Inc.)	Second Lien Term Loan	11.10%	SOFR	650	10/29/2032	USD		9,489,625		9,161,749			9,157,488		1,3,4
Vital Care Buyer, LLC	First Lien Term Loan	8.83%	SOFR	450	7/30/2031	USD		6,626,250		6,562,805			6,601,536		1,3,4
Vital Care Buyer, LLC	First Lien Term Loan	8.83%	SOFR	450	7/30/2031	USD		33,003,003		32,685,513			32,879,909		1,3,4,6
Vital Care Buyer, LLC	Revolver	0.50%			7/30/2031	USD		873,750		(8,223	)		(3,259	)	1,2,3
Vital Care Buyer, LLC	Revolver	0.50%			7/30/2031	USD		4,343,385		(41,139	)		(16,200	)	1,2,3,6
WCAS XIII Primary Care Investors, L.P. I, II and III	First Lien Term Loan	10.58%	SOFR	625	12/31/2029	USD		17,000,000		16,672,785			16,660,000		1,3,4
WCAS XIII Primary Care Investors, L.P. I, II and III	First Lien Term Loan	10.58%	SOFR	625	12/31/2032	USD		175,000		171,569			171,500		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
WCAS XIII Primary Care Investors, L.P. I, II and III	First Lien Term Loan	10.56%	SOFR	625	12/31/2032	USD		650,000	$	637,025		$	637,000		1,3,4
WCAS XIV Primary Care Investors, L.P.	First Lien Term Loan	10.56%	SOFR	625	12/31/2032	USD		600,000		588,023			588,000		1,3,4
Web PT, Inc.	First Lien Term Loan	10.86%	SOFR	625	1/18/2028	USD		9,000,000		8,901,000			8,975,892		1,3,4
Web PT, Inc.	Revolver	10.86%	SOFR	625	1/18/2028	USD		1,312,500		495,536			492,020		1,3,4,7
Western Veterinary Partners, LLC	Delayed Draw	9.35%	SOFR	500	10/29/2027	USD		6,371,604		829,252			812,664		1,3,4,7
Western Veterinary Partners, LLC	Delayed Draw	9.33%	SOFR	500	10/29/2027	USD		18,750,000		2,461,094			2,391,456		1,3,4,6,7
Western Veterinary Partners, LLC	First Lien Term Loan	9.33%	SOFR	500	10/29/2027	USD		2,123,868		2,096,861			2,086,794		1,3,4
Western Veterinary Partners, LLC	First Lien Term Loan	9.33%	SOFR	500	10/29/2027	USD		6,250,000		6,163,021			6,140,902		1,3,4,6
Xeris Pharmaceuticals, Inc.	Delayed Draw	11.28%	SOFR	695	3/5/2029	USD		8,333,333		8,000,000			8,200,476		1,3,4,6
Xeris Pharmaceuticals, Inc.	First Lien Term Loan	11.28%	SOFR	695	3/5/2029	USD		16,666,667		16,151,681			16,400,952		1,3,4,6
Xifin, Inc.	Revolver	11.23%	SOFR	675	2/6/2026	USD		2,165,167		2,122,333			2,064,539		1,3,4,6
Zavation Medical Products, LLC	First Lien Term Loan	10.23%	SOFR	550	6/30/2028	USD		1,774,497		1,758,380			1,771,964		1,3,4
Zavation Medical Products, LLC	First Lien Term Loan	9.93%	SOFR	550	6/30/2028	USD		12,518,919		12,362,432			12,501,051		1,3,4
Zavation Medical Products, LLC	Revolver	9.93%	SOFR	550	6/30/2028	USD		2,027,027		1,059,122			1,061,296		1,3,4,7
										3,645,115,897			3,608,399,933
Industrials — 11.2%
Accurus Aerospace Corporation	First Lien Term Loan	10.30%	SOFR	575	4/5/2028	USD		9,775,000		9,688,951			9,687,656		1,3,4
Aero Operating LLC	Incremental Term Loan	13.46%	SOFR	900	2/7/2026	USD		14,876,908		14,795,998			14,148,261		1,3,4
AFC-DELL Holding Corp.	Delayed Draw	10.09%	SOFR	550	4/9/2027	USD		2,679,516		9,935			-		1,3,4,7
AFC-DELL Holding Corp.	First Lien Term Loan	10.09%	SOFR	550	4/9/2027	USD		1,003,537		994,017			988,484		1,3,4
AirX Climate Solutions, Inc.	Delayed Draw	9.52%	SOFR	500	11/7/2029	USD		2,307,047		2,274,216			2,307,047		1,3,4
AirX Climate Solutions, Inc.	Delayed Draw	1.00%			11/7/2029	USD		10,067,114		(144,147	)		-		1,2,3
AirX Climate Solutions, Inc.	First Lien Term Loan	9.46%	SOFR	500	11/7/2029	USD		11,339,031		11,180,770			11,339,031		1,3,4
AirX Climate Solutions, Inc.	Revolver	10.18%	SOFR	575	11/7/2029	USD		1,258,390		210,430			227,709		1,3,4,7
Alpha US Buyer, LLC	Delayed Draw	10.21%	SOFR	575	4/4/2030	USD		6,280,727		6,163,658			6,217,920		1,3,4
Alpha US Buyer, LLC	First Lien Term Loan	10.21%	SOFR	575	4/4/2030	USD		10,969,506		10,769,780			10,750,116		1,3,4
Alpha US Buyer, LLC	Revolver	10.33%	SOFR	600	4/4/2030	USD		2,181,818		179,766			174,545		1,3,4,7
Alphacoin LLC	Delayed Draw	1.00%			7/29/2030	USD		396,000		(7,649	)		(7,920	)	1,2,3
Alphacoin LLC	First Lien Term Loan	9.59%	SOFR	500	7/29/2030	USD		2,640,000		2,589,904			2,587,200		1,3,4
Alphacoin LLC	Revolver	9.61%	SOFR	500	7/29/2030	USD		589,000		47,913			47,120		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Andronaco Acquisition, LLC	First Lien Term Loan	10.48%	SOFR	600	12/30/2026	USD		2,606,368	$	2,574,871		$	2,554,240		1,3,4
Apex Service Partners, LLC	First Lien Term Loan	14.25% PIK			10/24/2028	USD		7,333,590		6,659,571			6,756,678		1,3,7,8
Apex Service Partners, LLC	Delayed Draw	1.00%			10/24/2029	USD		3,565,423		(28,425	)		(40,782	)	1,2,3
Apex Service Partners, LLC	Revolver	9.51%	SOFR	500	10/24/2029	USD		3,434,993		2,269,146			2,335,796		1,3,4,7
Apex Service Partners, LLC	Revolver	9.51%	SOFR	500	10/24/2029	USD		3,981,028		2,562,490			2,604,932		1,3,4,6,7
Apex Service Partners, LLC	Delayed Draw	9.51%	SOFR	500	10/24/2030	USD		10,364,714		10,056,413			10,313,878		1,3,4,7
Apex Service Partners, LLC	Delayed Draw	9.51%	SOFR	500	10/24/2030	USD		11,739,832		11,515,224			11,718,626		1,3,4,6,7
Apex Service Partners, LLC	Delayed Draw	1.00%			10/24/2030	USD		275,534		(3,444	)		-		1,2,3,6
Apex Service Partners, LLC	Delayed Draw	9.51%	SOFR	500	10/24/2030	USD		5,574,074		1,558,606			1,562,043		1,3,4,6,7
Apex Service Partners, LLC	First Lien Term Loan	9.51%	SOFR	500	10/24/2030	USD		41,873,834		40,792,247			41,245,092		1,3,4,7
Apex Service Partners, LLC	First Lien Term Loan	9.51%	SOFR	500	10/24/2030	USD		19,577,185		19,150,344			19,332,470		1,3,4,6
Apex Service Partners, LLC	First Lien Term Loan	9.51%	SOFR	500	10/24/2030	USD		14,998,315		14,809,286			14,789,982		1,3,4,6,7
Apex Service Partners, LLC	Delayed Draw	1.00%			4/23/2031	USD		3,547,684		(28,283	)		(40,579	)	1,2,3
Apex Service Partners, LLC	First Lien Term Loan	14.25% PIK			4/23/2031	USD		7,293,598		6,984,786			6,960,601		1,3,7,8
Apex Service Partners, LLC	Delayed Draw	9.51%	SOFR	500	9/24/2031	USD		8,499,999		2,078,595			2,084,185		1,3,4,7
Arcfield Acquisition Corp.	First Lien Term Loan	9.62%	SOFR	500	10/28/2031	USD		2,269,295		2,263,721			2,264,695		1,3,4
Ardurra Group LLC	Revolver	1.00%			2/1/2029	USD		1,810,345		(58,836	)		-		1,2,3
Ardurra Group LLC	Delayed Draw	9.51%	SOFR	500	2/1/2030	USD		4,501,284		4,355,302			4,501,284		1,3,4
Armada Parent, Inc.	Delayed Draw	10.36%	SOFR	575	10/29/2027	USD		980,000		980,000			980,000		1,3,4,6
Armada Parent, Inc.	First Lien Term Loan	10.36%	SOFR	575	10/29/2027	USD		19,450,000		19,232,671			19,450,000		1,3,4,6
Armada Parent, Inc.	Revolver	0.50%			10/29/2027	USD		2,400,000		(102	)		-		1,2,3,6
Arrowhead Holdco Company	First Lien Term Loan	7.16%, 2.75% PIK	SOFR	250	8/31/2028	USD		4,968,491		4,919,493			4,103,413		1,3,4,6,8
Arrowhead Holdco Company	First Lien Term Loan	5.84%, 2.75% PIK	EURIBOR	300	8/31/2028	EUR		14,850,000		14,607,276			12,626,989		1,3,4,5,8
Associated Spring U.S.	Delayed Draw	1.00%			4/4/2030	USD		5,391,850		(53,617	)		(53,919	)	1,2,3
Associated Spring U.S.	First Lien Term Loan	10.33%	SOFR	585	4/4/2030	USD		7,117,241		6,976,053			6,974,897		1,3,4
AWT Merger Sub, Inc.	Delayed Draw	10.06%	SOFR	575	12/17/2027	USD		4,814,425		4,736,452			4,814,425		1,3,4
AWT Merger Sub, Inc.	First Lien Term Loan	10.06%	SOFR	575	12/17/2027	USD		6,910,732		6,790,230			6,910,732		1,3,4
AWT Merger Sub, Inc.	Revolver	10.58%	SOFR	575	12/17/2027	USD		1,071,429		172,300			172,300		1,3,4,7
Beacon Mobility Corp.	Delayed Draw	10.71%	SOFR	625	12/31/2025	USD		20,438,276		19,907,104			19,866,907		1,3,4
Beacon Mobility Corp.	First Lien Term Loan	10.79%	SOFR	625	12/31/2025	USD		2,039,718		2,026,716			1,982,696		1,3,4
Beacon Mobility Corp.	Revolver	13.75%	PRIME	525	12/31/2025	USD		1,000,000		517,788			489,746		1,3,4,7
Blackbird Purchaser, Inc.	Revolver	9.83%	SOFR	550	12/19/2029	USD		5,526,419		1,288,904			1,381,605		1,3,4,6,7
Blackbird Purchaser, Inc.	Delayed Draw	10.08%	SOFR	550	12/19/2030	USD		385,587		378,476			385,587		1,3,4,6
Blackbird Purchaser, Inc.	Delayed Draw	9.83%	SOFR	550	12/19/2030	USD		6,412,089		1,916,098			2,034,540		1,3,4,6,7
Blackbird Purchaser, Inc.	First Lien Term Loan	9.83%	SOFR	550	12/19/2030	USD		37,298,503		36,627,620			37,298,503		1,3,4,6
BlackHawk Industrial Distribution, Inc.	Delayed Draw	9.73%	SOFR	525	9/17/2026	USD		1,168,423		203,481			218,087		1,3,4,6,7
BlackHawk Industrial Distribution, Inc.	First Lien Term Loan	9.73%	SOFR	525	9/17/2026	USD		1,023,071		1,009,335			1,019,563		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
BlackHawk Industrial Distribution, Inc.	Revolver	9.73%	SOFR	525	9/17/2026	USD		192,017	$	40,103		$	41,680		1,3,4,6,7
BlueHalo Global Holdings, LLC	First Lien Term Loan	10.33%	SOFR	600	10/30/2026	USD		1,987,991		1,966,454			1,978,703		1,3,4
BlueHalo Global Holdings, LLC	First Lien Term Loan	10.33%	SOFR	600	10/31/2025	USD		17,611,249		17,512,634			17,528,970		1,3,4
BlueHalo Global Holdings, LLC	Revolver	10.44%	SOFR	600	10/31/2025	USD		1,285,714		1,134,520			1,128,447		1,3,4,7
Bluehalo Global Holdings, LLC	First Lien Term Loan	10.52%	SOFR	600	11/15/2030	USD		28,381,312		28,241,498			28,248,715		1,3,4
BP Purchaser, LLC	First Lien Term Loan	10.16%	SOFR	550	12/10/2028	USD		12,749,051		12,580,183			11,834,908		1,3,4
BPCP NSA Intermedco, Inc.	Delayed Draw	9.11%	SOFR	475	5/17/2030	USD		6,115,518		2,245,791			2,216,755		1,3,4,7
BPCP NSA Intermedco, Inc.	First Lien Term Loan	9.11%	SOFR	475	5/17/2030	USD		17,490,781		17,226,552			17,117,367		1,3,4
BPCP NSA Intermedco, Inc.	Revolver	9.33%	SOFR	500	5/17/2030	USD		2,816,811		194,329			179,293		1,3,4,7
BradyIFS Holdings, LLC	Delayed Draw	9.40%	SOFR	500	10/31/2029	USD		2,605,056		1,892,495			1,939,231		1,3,4,6,7
BradyIFS Holdings, LLC	First Lien Term Loan	9.52%	SOFR	500	10/31/2029	USD		23,857,429		23,436,513			23,857,429		1,3,4,6
BradyIFS Holdings, LLC	Revolver	0.50%			10/31/2029	USD		2,028,774		(34,226	)		-		1,2,3,6
British Engineering Services Holdco Limited	First Lien Term Loan	12.23%	SONIA	703	12/2/2027	GBP		403,699		540,127			505,381		1,3,4,5
British Engineering Services Holdco Limited	Revolver	12.23%	SONIA	703	12/2/2027	GBP		968,876		1,296,305			1,212,914		1,3,4,5
Caldwell & Gregory LLC	Delayed Draw	9.39%	SOFR	500	9/30/2030	USD		4,500,000		458,909			462,267		1,3,4,7
Caldwell & Gregory LLC	First Lien Term Loan	9.33%	SOFR	500	9/30/2030	USD		22,500,000		22,173,001			22,186,333		1,3,4
Caldwell & Gregory LLC	Revolver	9.45%	SOFR	500	9/30/2030	USD		3,000,000		106,856			108,178		1,3,4,7
Carbon TopCo, Inc.	First Lien Term Loan	10.42%	SOFR	600	11/1/2030	USD		20,763,332		20,356,129			20,348,064		1,3,4
Carbon TopCo, Inc.	Revolver	0.50%			5/1/2030	USD		2,739,726		(53,152	)		(54,795	)	1,2,3
CC WDW Borrower, Inc.	Delayed Draw	11.23%	SOFR	675	1/27/2028	USD		350,000		350,000			350,000		1,3,4
CC WDW Borrower, Inc.	Delayed Draw	1.00%			1/27/2028	USD		1,631,196		(41,901	)		-		1,2,3
Charter Industries	First Lien Term Loan	9.71%	SOFR	525	11/30/2026	USD		4,264,313		4,238,442			4,227,000		1,3,4
Charter Industries	Revolver	0.50%			11/30/2026	USD		539,250		(3,101	)		(4,718	)	1,2,3
Clarience Technologies LLC	Delayed Draw	1.00%			12/13/2026	USD		1,837,190		(16,366	)		(27,558	)	1,2,3,6
Clarience Technologies LLC	First Lien Term Loan	10.27%	SOFR	575	12/13/2026	USD		16,909,043		16,772,969			16,655,407		1,3,4,6
Clarience Technologies LLC	Revolver	10.27%	SOFR	575	12/13/2026	USD		1,837,191		281,210			278,641		1,3,4,6,7
Climate Pros, LLC	Delayed Draw	10.48%	SOFR	600	1/24/2026	USD		12,500,000		12,362,557			12,500,000		1,3,4
Climate Pros, LLC	Delayed Draw	10.46%	SOFR	600	1/24/2026	USD		37,288,333		20,382,086			20,788,333		1,3,4,7
Climate Pros, LLC	Delayed Draw	10.44%	SOFR	600	1/24/2026	USD		83,333		82,257			83,333		1,3,4
CMG Holdco, LLC	Delayed Draw	1.00%			10/31/2030	USD		836,619		(8,250	)		(7,802	)	1,2,3,6
Cobham Holdings, Inc.	Revolver	0.50%			1/9/2028	USD		2,343,750		(70,312	)		(33,746	)	1,2,3
Cobham Holdings, Inc.	First Lien Term Loan	9.49%	SOFR	500	1/9/2030	USD		22,316,406		21,788,005			21,995,092		1,3,4
Comar Holding Company, LLC	Delayed Draw	6.48%, 4.75% PIK	SOFR	200	9/17/2026	USD		810,679		803,055			742,569		1,3,4,8
Comar Holding Company, LLC	First Lien Term Loan	6.48%, 4.75% PIK	SOFR	200	9/17/2026	USD		5,153,596		5,135,837			4,720,611		1,3,4,8

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Concert Bidco Limited	First Lien Term Loan	1.00%			11/30/2027	GBP		4,528,275	$	1,885,297		$	1,924,722		1,2,3,5
Consor Intermediate II, LLC	Delayed Draw	1.00%			5/10/2031	USD		19,647,887		(187,748	)		-		1,2,3
Consor Intermediate II, LLC	First Lien Term Loan	8.83%	SOFR	475	5/10/2031	USD		12,781,690		12,662,232			12,781,690		1,3,4
Consor Intermediate II, LLC	Revolver	0.50%			5/10/2031	USD		5,239,437		(47,674	)		-		1,2,3
Continental Acquisition Holdings, Inc.	Delayed Draw	7.40%, 4.08% PIK	SOFR	293	1/20/2027	USD		2,743,298		2,690,778			1,918,804		1,3,4,8
Continental Acquisition Holdings, Inc.	First Lien Term Loan	7.40%, 4.08% PIK	SOFR	293	1/20/2027	USD		7,439,372		7,377,231			5,203,479		1,3,4,8
CSAFE Acquisition Company, Inc.	Delayed Draw	10.50%	SOFR	575	3/8/2029	USD		537,624		532,598			534,476		1,3,4,6
CSAFE Acquisition Company, Inc.	First Lien Term Loan	10.50%	SOFR	575	3/8/2030	GBP		1,773,058		2,297,464			2,219,653		1,3,4,5,6
CSAFE Acquisition Company, Inc.	First Lien Term Loan	10.34%	SOFR	575	3/8/2030	USD		12,707,775		12,797,609			12,707,775		1,3,4,6
CSAFE Acquisition Company, Inc.	Revolver	10.34%	SOFR	575	3/8/2030	USD		1,026,702		1,026,702			1,026,702		1,3,4,6
CSAFE Acquisition Company, Inc.	Revolver	10.20%	SOFR	575	3/8/2030	USD		289,583		289,583			289,583		1,3,4,6
Dispatch Acquisition Holdings, LLC	First Lien Term Loan	9.10%	SOFR	463	3/25/2028	USD		2,539,476		2,482,968			2,429,428		1,4
Dispatch Acquisition Holdings, LLC	First Lien Term Loan	8.73%	SOFR	425	3/25/2028	USD		21,285,000		21,173,756			20,362,615		1,4
Diverzify Intermediate LLC	Delayed Draw	1.00%			5/11/2027	USD		17,142,857		(262,285	)		(173,771	)	1,2,3
Diverzify Intermediate LLC	First Lien Term Loan	10.53%	SOFR	575	5/11/2027	USD		32,857,143		32,335,397			32,524,081		1,3,4
DTI Holdco, Inc.	Revolver	12.00%	PRIME		4/26/2027	USD		874,917		-			-		1,3,4,6,7
Duro Dyne National Corp.	Delayed Draw	1.00%			11/15/2031	USD		9,868,421		(97,801	)		(98,684	)	1,2,3
Duro Dyne National Corp.	First Lien Term Loan	9.36%	SOFR	500	11/15/2031	USD		55,263,158		54,717,449			54,710,526		1,3,4
Duro Dyne National Corp.	Revolver	9.36%	SOFR	500	11/15/2031	USD		9,868,421		889,894			888,158		1,3,4,7
Dwyer Instruments, LLC	Delayed Draw	1.00%			11/20/2032	USD		372,319		(3,696	)		(3,723	)	1,2,3
Dwyer Instruments, LLC	First Lien Term Loan	9.27%	SOFR	475	11/20/2032	USD		626,343		620,117			620,079		1,3,4
Dwyer Instruments, LLC	First Lien Term Loan	9.08%	SOFR	475	11/20/2032	USD		2,497,323		2,472,612			2,472,350		1,3,4
Dwyer Instruments, LLC	Revolver	11.50%	PRIME	375	11/20/2032	USD		250,001		33,539			33,503		1,3,4,7
Dwyer Instruments, LLC	Delayed Draw	9.08%	SOFR	475	7/21/2027	USD		1,903,352		1,865,285			1,884,319		1,3,4,6
Dwyer Instruments, LLC	First Lien Term Loan	9.08%	SOFR	475	7/21/2027	USD		14,773,095		14,596,555			14,625,364		1,3,4
Dwyer Instruments, LLC	First Lien Term Loan	9.08%	SOFR	475	7/21/2027	USD		1,953,979		1,920,223			1,934,439		1,3,4,6
Dwyer Instruments, LLC	Revolver	11.50%	PRIME	375	7/21/2027	USD		2,877,190		899,122			870,350		1,3,4,6,7
Dwyer Instruments, LLC	Delayed Draw	9.08%	SOFR	475	7/21/2029	USD		2,277,762		2,238,524			2,254,985		1,3,4,6
Dwyer Instruments, LLC	Delayed Draw	1.00%			7/21/2029	USD		984,420		(9,758	)		(9,844	)	1,2,3
Dwyer Instruments, LLC	First Lien Term Loan	9.27%	SOFR	475	7/21/2029	USD		16,619,712		16,455,817			16,453,515		1,3,4
Dwyer Instruments, LLC	First Lien Term Loan	9.08%	SOFR	475	7/21/2029	USD		1,745,296		1,715,293			1,727,843		1,3,4
Dwyer Instruments, LLC	Revolver	11.50%	PRIME	375	7/21/2029	USD		2,395,868		616,351			615,964		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Echo Global Logistics, Inc.	Second Lien Term Loan	11.46%	SOFR	710	11/23/2029	USD		8,000,000		7,888,000			7,888,931		1,3,4
EIS Legacy Holdco, LLC	Delayed Draw	1.00%			11/5/2031	USD		852,273		(8,429	)		(7,826	)	1,2,3
EIS Legacy Holdco, LLC	First Lien Term Loan	9.31%	SOFR	475	11/5/2031	USD		1,789,773		1,772,149			1,773,339		1,3,4
EIS Legacy Holdco, LLC	Revolver	0.50%			11/5/2031	USD		250,000		(2,445	)		(2,296	)	1,2,3
Energy Acquisition LP	Delayed Draw	1.00%			5/10/2029	USD		2,548,000		(35,530	)		(22,767	)	1,2,3
Energy Acquisition LP	First Lien Term Loan	11.28%	SOFR	650	5/10/2029	USD		23,700,000		23,474,655			23,488,232		1,3,4
EShipping LLC	First Lien Term Loan	9.47%	SOFR	500	11/5/2027	USD		3,490,773		3,451,398			3,490,773		1,3,4
Excelitas Technologies Corp.	Delayed Draw	1.00%			8/12/2029	USD		1,945,304		(27,510	)		24,316		1,2,3,6
Fastener Distribution Holdings, LLC	Delayed Draw	1.00%			11/4/2031	USD		787,352		(7,785	)		(7,278	)	1,2,3
Fastener Distribution Holdings, LLC	First Lien Term Loan	9.31%	SOFR	475	11/4/2031	USD		2,106,167		2,085,433			2,086,698		1,3,4
Flint OpCo, LLC	Delayed Draw	9.08%	SOFR	475	8/15/2030	USD		3,208,648		974,705			1,005,377		1,3,4,6,7
Flint OpCo, LLC	Delayed Draw	9.04%	SOFR	475	8/15/2030	USD		2,722,817		2,654,748			2,722,817		1,3,4,6
Flint OpCo, LLC	First Lien Term Loan	9.08%	SOFR	475	8/15/2030	USD		6,467,097		6,327,123			6,467,097		1,3,4,6
Flint OpCo, LLC	Revolver	0.50%			8/15/2030	USD		1,026,252		(25,656	)		-		1,2,3,6
Flow Control Solutions, Inc.	First Lien Term Loan	9.33%	SOFR	500	3/31/2028	USD		1,253,375		1,222,393			1,245,563		1,3,4,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Flow Control Solutions, Inc.	Revolver	0.50%			3/31/2028	USD		420,949	$	-		$	(2,666	)	1,2,3,6
Flow Control Solutions, Inc.	Delayed Draw	9.33%	SOFR	500	3/31/2029	USD		1,515,205		10,962			23,025		1,3,4,6,7
Flow Control Solutions, Inc.	Revolver	0.50%			3/31/2029	USD		806,287		(10,942	)		(5,106	)	1,2,3,6
FLS Holding, Inc.	Revolver	9.73%	SOFR	525	12/17/2027	USD		2,000,000		959,992			842,780		1,3,4,7
FLS Holding, Inc.	Delayed Draw	9.69%	SOFR	525	12/17/2028	USD		4,912,500		4,814,250			4,526,327		1,3,4
FLS Holding, Inc.	First Lien Term Loan	9.71%	SOFR	525	12/17/2028	USD		22,597,500		22,301,269			20,821,106		1,3,4
Fortis Solutions Group, LLC	Revolver	9.83%	SOFR	550	10/15/2027	USD		2,787,567		975,870			1,021,702		1,3,4,7
Fortis Solutions Group, LLC	Delayed Draw	9.93%	SOFR	550	10/15/2028	USD		7,626,877		727,918			695,909		1,3,4,7
Fortis Solutions Group, LLC	Delayed Draw	9.83%	SOFR	550	10/15/2028	USD		7,581,167		495,837			650,525		1,3,4,7
Fortis Solutions Group, LLC	First Lien Term Loan	9.93%	SOFR	550	10/15/2028	USD		20,076,886		19,756,886			19,933,947		1,3,4
Geo TopCo Corporation	First Lien Term Loan	9.41%	SOFR	475	10/15/2031	USD		46,979,141		46,747,866			46,775,115		1,3,4,6
Geo TopCo Corporation	Revolver	11.75%	PRIME	475	10/15/2031	USD		6,524,881		2,126,962			2,130,301		1,3,4,6,7
GeoStabilization International, LLC	Delayed Draw	1.00%			10/15/2031	USD		17,399,682		(85,761	)		(75,565	)	1,2,3,6
Global Critical Logistics LLC	Delayed Draw	9.50%	PRIME	500	7/31/2026	USD		24,961,250		20,018,540			20,071,546		1,3,4,7
Global Critical Logistics LLC	First Lien Term Loan	9.50%	SOFR	500	7/31/2026	USD		49,750,000		49,252,850			49,305,466		1,3,4
GMES Intermediate Holdings, LLC	Delayed Draw	10.68%	SOFR	625	7/6/2029	USD		6,126,624		2,596,155			2,756,279		1,3,4,7
GMES Intermediate Holdings, LLC	First Lien Term Loan	10.68%	SOFR	625	7/6/2029	USD		28,024,615		27,510,109			28,184,356		1,3,4
GMES Intermediate Holdings, LLC	Revolver	13.25%	PRIME	625	7/6/2029	USD		4,102,564		717,949			717,949		1,3,4,7
Graffiti Buyer, Inc.	Delayed Draw	9.93%	SOFR	550	4/29/2030	USD		4,203,869		907,568			914,177		1,3,4,7
Graffiti Buyer, Inc.	First Lien Term Loan	10.19%	SOFR	550	4/29/2030	USD		4,624,256		4,560,552			4,566,271		1,3,4
Graffiti Buyer, Inc.	Delayed Draw	10.13%	SOFR	550	8/10/2027	USD		4,980,638		4,908,067			4,918,185		1,3,4
Graffiti Buyer, Inc.	Delayed Draw	9.93%	SOFR	550	8/10/2027	USD		1,259,531		270,307			273,899		1,3,4,6,7
Graffiti Buyer, Inc.	First Lien Term Loan	10.19%	SOFR	550	8/10/2027	USD		1,385,485		1,365,257			1,368,112		1,3,4,6
Graffiti Buyer, Inc.	First Lien Term Loan	9.93%	SOFR	550	8/10/2027	USD		10,928,378		10,805,434			10,791,344		1,3,4
Graffiti Buyer, Inc.	Revolver	9.97%	SOFR	550	8/10/2027	USD		2,522,321		1,594,835			1,565,842		1,3,4,7
Groome Transportation of Arizona, LLC	First Lien Term Loan	10.02%	SOFR	550	11/15/2028	USD		21,625,398		21,427,827			21,355,080		1,3,4
Groome Transportation of Arizona, LLC	Revolver	10.02%	SOFR	550	11/15/2028	USD		2,794,726		1,288,874			1,284,470		1,3,4,7
Ground Penetrating Radar Systems, LLC	Delayed Draw	1.00%			4/2/2031	USD		18,054,911		(257,195	)		-		1,2,3
Ground Penetrating Radar Systems, LLC	First Lien Term Loan	9.77%	SOFR	575	4/2/2031	USD		75,830,626		74,774,207			75,830,626		1,3,4
Ground Penetrating Radar Systems, LLC	Revolver	9.82%	SOFR	525	4/2/2031	USD		2,000,000		984,443			1,011,628		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Ground Penetrating Radar Systems, LLC	Revolver	9.82%	SOFR	525	4/2/2031	USD		7,629,286	$	541,356		$	644,428		1,3,4,7
GS Seer Group Borrower LLC	Revolver	0.50%			4/28/2029	USD		733,945		(25,345	)		(10,232	)	1,2,3
GS Seer Group Borrower LLC	Delayed Draw	11.08%	SOFR	675	4/28/2030	USD		2,742,180		1,339,087			1,382,603		1,3,4,7
GS Seer Group Borrower LLC	First Lien Term Loan	11.08%	SOFR	675	4/28/2030	USD		6,432,339		6,271,421			6,342,668		1,3,4
HCR Commerical Roofing Holdings, Inc.	First Lien Term Loan	9.61%	SOFR	525	3/9/2027	USD		994,000		980,803			979,090		1,3,4
HCR Commerical Roofing Holdings, Inc.	Revolver	9.61%	SOFR	525	3/9/2027	USD		111,000		20,746			20,535		1,3,4,7
HeartLand PPC Buyer, LLC	Delayed Draw	9.58%	SOFR	525	12/12/2029	USD		4,636,366		2,794,301			2,828,365		1,3,4,6,7
HeartLand PPC Buyer, LLC	First Lien Term Loan	9.58%	SOFR	525	12/12/2029	USD		22,924,334		22,522,770			22,675,893		1,3,4,6
HeartLand PPC Buyer, LLC	Revolver	9.58%	SOFR	525	12/12/2029	USD		5,430,793		2,723,434			2,756,108		1,3,4,6,7
Helix Acquisition Holdings, Inc.	First Lien Term Loan	11.46%	ARR CSA	700	3/31/2030	USD		17,972,293		17,597,309			18,062,154		1,3,4
High Bar Brands Operating, LLC	Delayed Draw	9.58%	SOFR	525	12/19/2029	USD		3,297,402		1,324,788			1,355,445		1,3,4,6,7
High Bar Brands Operating, LLC	First Lien Term Loan	9.58%	SOFR	525	12/19/2029	USD		9,542,681		9,375,717			9,457,414		1,3,4,6
High Bar Brands Operating, LLC	Revolver	0.50%			12/19/2029	USD		1,508,774		(25,262	)		(13,481	)	1,2,3,6
Highground Restoration Group, Inc.	Delayed Draw	10.22%	ARR CSA	575	11/17/2028	USD		14,812,500		14,664,375			14,920,631		1,3,4
Highground Restoration Group, Inc.	First Lien Term Loan	10.22%	ARR CSA	575	11/17/2028	USD		47,301,365		46,579,019			47,049,177		1,3,4
HP RSS Buyer, Inc.	Delayed Draw	9.51%	SOFR	500	12/11/2029	USD		3,033,472		2,979,556			3,033,472		1,3,4,6
HP RSS Buyer, Inc.	Delayed Draw	9.33%	SOFR	500	12/11/2029	USD		4,162,480		4,089,691			4,162,480		1,3,4,6
HP RSS Buyer, Inc.	First Lien Term Loan	9.33%	SOFR	500	12/11/2029	USD		8,388,603		8,242,132			8,388,603		1,3,4,6
HPS Industrials	First Lien Term Loan	9.59%	SOFR	525	7/26/2027	USD		9,610,662		9,575,991			9,610,662		1,3,4,6
Hydraulic Technologies USA LLC	Revolver	9.84%	SOFR	550	6/3/2030	USD		3,148,500		383,265			389,018		1,3,4,6,7
Hydraulic Technologies USA LLC	First Lien Term Loan	9.97%	SOFR	550	6/3/2031	USD		20,172,960		19,790,724			19,841,247		1,3,4,6
ID Images Acquisition	First Lien Term Loan	10.11%	SOFR	575	7/30/2026	USD		14,152,972		13,995,749			13,920,249		1,3,4
Infogain Corporation	First Lien Term Loan	10.21%	SOFR	575	7/30/2028	USD		19,550,000		19,284,711			19,550,000		1,3,4
Jade Bidco Limited	First Lien Term Loan	9.84%	SOFR	525	2/21/2029	USD		23,174,112		22,762,720			23,174,112		1,3,4
Jade Bidco Limited	First Lien Term Loan	8.43%	EURIBOR	525	2/21/2029	EUR		3,288,430		3,632,706			3,406,287		1,3,4,5
Jet Equipment & Tools	First Lien Term Loan	8.42%	CORRA	525	12/28/2028	CAD		3,200,000		2,315,952			2,226,087		1,3,4,5
Keel Platform, LLC	Delayed Draw	9.58%	SOFR	525	1/19/2031	USD		3,421,767		771,052			776,379		1,3,4,7
Keel Platform, LLC	First Lien Term Loan	9.58%	SOFR	525	1/19/2031	USD		11,690,487		11,531,433			11,545,067		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Kittyhawk, Inc.	First Lien Term Loan	9.58%	SOFR	525	4/26/2029	USD		1,994,400	$	1,958,701		$	1,954,512		1,3,4
Kittyhawk, Inc.	Revolver	0.50%			4/26/2029	USD		466,500		(8,100	)		(9,330	)	1,2,3
Kleinfelder Intermediate LLC	Revolver	12.00%	PRIME	400	9/18/2028	USD		1,475,410		738,934			738,934		1,3,4,7
Kleinfelder Intermediate LLC	Delayed Draw	1.00%			9/18/2030	USD		2,213,115		(33,197	)		-		1,2,3
Kleinfelder Intermediate LLC	First Lien Term Loan	9.36%	SOFR	500	9/18/2030	USD		11,226,639		11,077,965			11,226,639		1,3,4
KPSKY Acquisition, Inc.	Delayed Draw	10.36%	SOFR	575	10/19/2028	USD		54,993,400		(320,252	)		653,400		1,3,4,7
KPSKY Acquisition, Inc.	Delayed Draw	10.19%	SOFR	550	10/19/2028	USD		1,465,210		1,435,952			1,323,041		1,3,4
KPSKY Acquisition, Inc.	Delayed Draw	10.12%	SOFR	525	10/19/2028	USD		4,928,141		4,829,978			4,449,963		1,3,4
KPSKY Acquisition, Inc.	Delayed Draw	9.84%	SOFR	525	10/19/2028	USD		1,002,718		985,274			905,424		1,3,4
KPSKY Acquisition, Inc.	First Lien Term Loan	10.19%	SOFR	550	10/19/2028	USD		12,785,657		12,622,155			11,545,065		1,3,4
KPSKY Acquisition, Inc.	First Lien Term Loan	9.84%	SOFR	525	10/19/2028	USD		8,750,000		8,597,781			7,900,987		1,3,4
L & J Holding Company, LLC	Delayed Draw	1.00%			7/29/2030	USD		1,285,000		(24,821	)		(25,700	)	1,2,3
L & J Holding Company, LLC	First Lien Term Loan	9.34%	SOFR	475	7/29/2030	USD		1,542,000		1,512,765			1,511,160		1,3,4
L & J Holding Company, LLC	Revolver	0.50%			7/29/2030	USD		288,000		(5,362	)		(5,760	)	1,2,3
LandCare Holdings, Inc.	First Lien Term Loan	9.59%	SOFR	525	7/26/2027	USD		2,465,616		2,425,217			2,465,616		1,3,4
Lav Gear Holdings, Inc.	Delayed Draw	10.93%	SOFR	625	10/31/2025	USD		21,670,000		20,911,666			21,670,000		1,3,4
Lav Gear Holdings, Inc.	First Lien Term Loan	10.93%	SOFR	625	10/31/2025	USD		5,487,018		5,374,391			5,487,018		1,3,4
Lehman Pipe Buyer, LLC	First Lien Term Loan	9.52%	SOFR	500	8/30/2030	USD		3,876,600		3,802,234			3,799,068		1,3,4
Lehman Pipe Buyer, LLC	Revolver	0.50%			8/30/2030	USD		693,750		(13,119	)		(13,875	)	1,2,3
Lereta, LLC	First Lien Term Loan	9.72%	SOFR	525	7/30/2028	USD		17,945,000		17,765,550			15,024,249		1,3,4
Liberty Purchaser, LLC	Revolver	11.41%	SOFR	650	11/22/2028	USD		133,183		12,786			10,122		1,3,4,7
Liberty Purchaser, LLC	Delayed Draw	11.41%	SOFR	650	11/22/2029	USD		1,404		1,404			1,375		1,3,4
Liberty Purchaser, LLC	First Lien Term Loan	11.41%	SOFR	650	11/22/2029	USD		5,691		5,558			5,577		1,3,4
Lightbeam Bidco, Inc.	Revolver	0.50%			5/4/2029	USD		934,761		(4,674	)		-		1,2,3,6
Lightbeam Bidco, Inc.	Delayed Draw	9.33%	SOFR	500	5/4/2030	USD		6,215,748		3,205,385			3,279,971		1,3,4,6,7
Lightbeam Bidco, Inc.	First Lien Term Loan	9.33%	SOFR	500	5/4/2030	USD		8,708,778		8,531,481			8,708,778		1,3,4,6
LJ Avalon Holdings, LLC	Revolver	0.50%			2/1/2029	USD		1,034,483		(23,018	)		-		1,2,3
LJ Avalon Holdings, LLC	Delayed Draw	9.51%	SOFR	500	2/1/2030	USD		5,600,922		2,493,176			2,583,681		1,3,4,7
LJ Avalon Holdings, LLC	First Lien Term Loan	9.53%	SOFR	500	2/1/2030	USD		10,996,336		10,705,653			10,996,336		1,3,4
MAG DS Corp.	First Lien Term Loan	9.93%	SOFR	550	4/1/2027	USD		8,175,604		7,996,596			8,128,742		1,3,4,9

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Magneto Components Buyco, LLC	Revolver	0.50%			12/5/2029	USD		3,030,303	$	(62,695	)	$	(13,426	)	1,2,3
Magneto Components Buyco, LLC	Delayed Draw	1.00%			12/5/2030	USD		3,636,364		(84,278	)		(16,111	)	1,2,3
Magneto Components Buyco, LLC	First Lien Term Loan	10.33%	SOFR	600	12/5/2030	USD		18,329,705		17,921,548			18,248,495		1,3,4
Mandrake BidCo, Inc.	Revolver	0.50%			8/20/2030	USD		724,000		(6,799	)		(6,023	)	1,2,3
Mandrake BidCo, Inc.	First Lien Term Loan	9.34%	SOFR	475	8/20/2031	USD		4,526,000		4,482,407			4,488,349		1,3,4
Marcone Yellowstone Buyer, Inc.	Delayed Draw	11.46%	ARR CSA	700	6/23/2028	USD		6,879,130		6,805,421			6,301,172		1,3,4
Marcone Yellowstone Buyer, Inc.	First Lien Term Loan	11.46%	ARR CSA	700	6/23/2028	USD		21,365,530		21,151,875			19,570,483		1,3,4
MEI Buyer, LLC	Delayed Draw	9.30%	SOFR	500	6/29/2029	USD		2,079,379		2,048,189			2,079,379		1,3,4,6
MEI Buyer, LLC	First Lien Term Loan	9.57%	SOFR	500	6/29/2029	USD		14,823,173		14,435,423			14,823,173		1,3,4,6
MEI Buyer, LLC	Revolver	9.40%	SOFR	500	6/29/2029	USD		2,287,317		207,938			207,938		1,3,4,6,7
Monarch Landscape Holdings, LLC	Delayed Draw	9.33%	SOFR	500	3/31/2028	USD		3,252,271		3,219,749			3,232,327		1,3,4,6
Monarch Landscape Holdings, LLC	First Lien Term Loan	9.33%	SOFR	500	3/31/2028	USD		4,188,321		4,125,355			4,162,637		1,3,4,6
Monroe Engineering Group LLC	Delayed Draw	9.60%	SOFR	525	12/20/2028	USD		18,000,000		1,776,000			1,776,000		1,3,4,7
Motion & Control Enterprises LLC	Delayed Draw	10.50%	SOFR	600	6/1/2028	USD		8,181,872		8,018,170			8,063,132		1,3,4,6
Motion & Control Enterprises LLC	Delayed Draw	1.00%			6/1/2028	USD		2,785,793		(40,721	)		(40,429	)	1,2,3,6
Motion & Control Enterprises LLC	First Lien Term Loan	10.59%	SOFR	600	6/1/2028	USD		1,707,422		1,682,877			1,682,643		1,3,4,6
Motion & Control Enterprises LLC	First Lien Term Loan	10.50%	SOFR	600	6/1/2028	USD		2,689,621		2,635,302			2,650,588		1,3,4,6
Motion & Control Enterprises LLC	First Lien Term Loan	10.50%	SOFR	600	6/1/2028	USD		29,700,000		29,115,602			29,268,978		1,3,4
Motion & Control Enterprises LLC	Revolver	10.51%	SOFR	600	6/1/2028	USD		1,410,566		1,128,453			1,107,982		1,3,4,6,7
My Buyer, LLC	Delayed Draw	1.00%			1/26/2030	USD		564,000		(9,586	)		(11,280	)	1,2,3
My Buyer, LLC	First Lien Term Loan	9.83%	SOFR	550	1/26/2030	USD		1,425,200		1,399,939			1,396,696		1,3,4
My Buyer, LLC	Revolver	9.83%	SOFR	550	1/26/2030	USD		423,750		148,193			146,900		1,3,4,7
NEFCO Holding Company LLC	Delayed Draw	10.19%	SOFR	575	8/5/2028	USD		133,773		133,155			133,104		1,3,4
NEFCO Holding Company LLC	Delayed Draw	10.03%	SOFR	575	8/5/2028	USD		303,620		302,218			302,101		1,3,4
NEFCO Holding Company LLC	First Lien Term Loan	10.27%	SOFR	575	8/5/2028	USD		897,290		893,149			888,318		1,3,4
NEFCO Holding Company LLC	First Lien Term Loan	10.27%	SOFR	575	8/5/2028	USD		676,498		671,818			673,116		1,3,4
NEFCO Holding Company LLC	Revolver	12.75%	PRIME	475	8/5/2028	USD		170,010		169,261			169,160		1,3,4
NEFCO Holding Company LLC	Revolver	12.25%	PRIME	475	8/5/2028	USD		15,434		15,367			15,357		1,3,4,7
NFM & J, LP	Delayed Draw	10.59%	SOFR	575	11/30/2027	USD		5,565,015		566,917			536,666		1,3,4,7
NFM & J, LP	First Lien Term Loan	10.37%	SOFR	575	11/30/2027	USD		9,935,479		9,858,983			9,783,046		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
NFM & J, LP	Revolver	12.25%	PRIME	475	11/30/2027	USD		2,226,563	$	985,835		$	967,793		1,3,4,7
Northstar Recycling, Inc.	Revolver	0.50%			10/1/2027	USD		2,000,000		-			(25,000	)	1,2,3
Northstar Recycling, Inc.	Delayed Draw	1.00%			12/23/2030	USD		4,411,765		(55,037	)		(55,147	)	1,2,3
Northstar Recycling, Inc.	First Lien Term Loan	8.98%	SOFR	465	12/23/2030	USD		17,647,059		17,427,371			17,426,471		1,3,4
Northstar Recycling, Inc.	Revolver	0.50%			12/23/2030	USD		2,941,176		(36,616	)		(36,765	)	1,2,3
PAG Holding Corporation	Delayed Draw	9.58%	SOFR	525	12/26/2029	USD		6,954,760		6,829,589			6,840,115		1,3,4
PAG Holding Corporation	First Lien Term Loan	9.58%	SOFR	525	12/26/2029	USD		20,971,410		20,604,677			20,625,711		1,3,4
PAG Holding Corporation	Revolver	9.91%	SOFR	550	12/26/2029	USD		1,900,739		1,096,607			1,097,345		1,3,4,7
PAG Holding Corporation	First Lien Term Loan	9.58%	SOFR	525	9/23/2030	USD		14,020,396		13,783,196			13,789,279		1,3,4
PAG Holding Corporation	Revolver	0.50%			9/23/2030	USD		1,525,116		(25,488	)		(25,140	)	1,2,3
Panda Acquisition LLC	First Lien Term Loan	12.93%	SOFR	850	10/18/2028	USD		15,400,000		13,088,105			14,030,612		1,3,4
Paris US Holdco, Inc.	Delayed Draw	1.00%			12/2/2031	USD		1,079,157		(10,729	)		(10,792	)	1,2,3,6
Paris US Holdco, Inc.	First Lien Term Loan	9.55%	SOFR	500	12/2/2031	USD		4,181,733		4,140,257			4,139,916		1,3,4,6
Paris US Holdco, Inc.	Revolver	0.50%			12/2/2031	USD		764,932		(7,563	)		(7,649	)	1,2,3,6
PCX Holding Corp.	Delayed Draw	10.91%	SOFR	625	4/22/2027	USD		3,062,852		2,986,285			2,973,439		1,3,4
PCX Holding Corp.	Delayed Draw	10.73%	SOFR	625	4/22/2027	USD		3,034,375		2,999,478			2,945,793		1,3,4
PCX Holding Corp.	First Lien Term Loan	10.73%	SOFR	625	4/22/2027	USD		6,046,875		5,986,406			5,870,350		1,3,4
PCX Holding Corp.	Revolver	10.80%	SOFR	625	4/22/2027	USD		625,000		625,000			606,755		1,3,4
Pele Buyer LLC	First Lien Term Loan	9.59%, 0.50% PIK	SOFR	550	6/18/2026	USD		6,475,519		6,472,553			6,226,789		1,3,4,7,8
Playpower, Inc.	First Lien Term Loan	9.58%	SOFR	525	8/28/2030	USD		21,717,172		21,404,974			21,423,290		1,3,4
Playpower, Inc.	Revolver	0.50%			8/28/2030	USD		3,282,828		(46,511	)		(44,424	)	1,2,3
Polycorp Ltd.	Delayed Draw	1.00%			1/24/2030	USD		5,340,000		(58,243	)		(85,216	)	1,2,3
Polycorp Ltd.	First Lien Term Loan	10.11%	SOFR	575	1/24/2030	USD		6,534,000		6,459,778			6,429,730		1,3,4
Polycorp Ltd.	Revolver	10.11%	SOFR	575	1/24/2030	USD		1,337,500		199,348			192,656		1,3,4,7
Polyphase Elevator Holding Company	Delayed Draw	5.43%, 5.00% PIK	SOFR	100	6/23/2027	USD		3,376,284		3,356,001			2,847,578		1,3,4,8
Polyphase Elevator Holding Company	First Lien Term Loan	5.43%, 5.00% PIK	SOFR	100	6/23/2027	USD		9,885,443		9,798,226			8,337,442		1,3,4,8
Power Grid Holdings, Inc.	First Lien Term Loan	9.08%	SOFR	475	12/2/2030	USD		44,140,209		43,706,275			44,140,209		1,3,4
Power Grid Holdings, Inc.	Revolver	9.10%	SOFR	475	12/2/2030	USD		7,700,000		191,399			290,000		1,3,4,7
Power Grid Holdings, Inc.	First Lien Term Loan	9.08%	SOFR	475	12/2/2030	USD		18,052,970		17,770,526			18,052,970		1,3,4,6
Power Grid Holdings, Inc.	Revolver	0.50%			12/2/2030	USD		3,449,535		(59,053	)		-		1,2,3,6
Pregis TopCo LLC	Second Lien Term Loan	12.21%	SOFR	775	8/1/2029	USD		5,000,000		4,949,994			5,000,000		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Process Insights Acquisition, Inc.	Delayed Draw	1.00%			7/18/2029	USD		1,620,679	$	(20,258	)	$	-		1,2,3,6
Process Insights Acquisition, Inc.	First Lien Term Loan	10.52%	SOFR	600	7/18/2029	USD		9,191,681		9,001,640			9,191,681		1,3,4,6
Process Insights Acquisition, Inc.	Revolver	10.64%	SOFR	625	7/18/2029	USD		1,620,679		1,408,370			1,408,370		1,3,4,6,7
PT Intermediate Holdings III, LLC	Delayed Draw	7.58%, 1.75% PIK	SOFR	325	10/15/2025	USD		12,838,000		12,709,620			12,880,365		1,3,4,8
PT Intermediate Holdings III, LLC	Delayed Draw	9.33%	SOFR	475	10/15/2025	USD		4,869,565		1,123,389			1,148,244		1,3,4,7
PT Intermediate Holdings III, LLC	First Lien Term Loan	7.58%, 1.75% PIK	SOFR	325	10/15/2025	USD		25,487,699		25,421,590			25,571,809		1,3,4,8
PT Intermediate Holdings III, LLC	Delayed Draw	7.58%, 1.75% PIK	SOFR	325	11/1/2028	USD		9,207,533		9,115,457			9,237,917		1,3,4,8
PT Intermediate Holdings III, LLC	Delayed Draw	1.00%			11/1/2028	USD		1,250,250		-			4,126		1,2,3
PT Intermediate Holdings III, LLC	First Lien Term Loan	7.58%, 1.75% PIK	SOFR	325	11/1/2028	USD		3,723,861		3,700,048			3,736,149		1,3,4,8
R1 Holdings LLC	Delayed Draw	10.84%	SOFR	625	12/29/2028	USD		3,489,444		1,169,969			1,250,863		1,3,4,7
R1 Holdings LLC	First Lien Term Loan	10.84%	SOFR	625	12/29/2028	USD		13,536,667		13,234,781			13,577,277		1,3,4
R1 Holdings LLC	Revolver	10.81%	SOFR	625	12/29/2028	USD		2,714,932		595,868			617,647		1,3,4,7
Radwell Parent, LLC	Delayed Draw	1.00%			4/1/2029	USD		8,449,219		(69,913	)		(80,007	)	1,2,3
Radwell Parent, LLC	First Lien Term Loan	9.83%	SOFR	550	4/1/2029	USD		59,606,761		59,084,290			59,042,338		1,3,4
Radwell Parent, LLC	Revolver	9.83%	SOFR	550	4/1/2029	USD		2,921,300		584,260			556,598		1,3,4,7
RCS Industrials	First Lien Term Loan	9.96%	SOFR	550	1/31/2025	USD		1,357,609		1,347,527			1,355,595		1,3,4,6
RCS Industrials	Revolver	0.50%			1/31/2025	USD		285,714		-			(424	)	1,2,3,6
Red Fox CD Acquisition Corporation	Delayed Draw	10.66%	SOFR	600	3/4/2030	USD		1,827,853		1,794,363			1,806,946		1,3,4,6
Red Fox CD Acquisition Corporation	Delayed Draw	10.51%	SOFR	600	3/4/2030	USD		4,061,896		3,986,844			4,015,435		1,3,4,6
Red Fox CD Acquisition Corporation	Delayed Draw	10.33%	SOFR	600	3/4/2030	USD		9,003,868		3,355,220			3,417,323		1,3,4,6,7
Relevant Industrial, LLC	Delayed Draw	1.00%			12/30/2030	USD		2,446,043		(30,500	)		(30,576	)	1,2,3,6
Relevant Industrial, LLC	First Lien Term Loan	9.10%	SOFR	475	12/30/2030	USD		6,474,820		6,394,210			6,393,885		1,3,4,6
Relevant Industrial, LLC	Revolver	0.50%			12/30/2030	USD		1,079,137		(13,423	)		(13,489	)	1,2,3,6
Renovation Systems, LLC	Delayed Draw	10.36%	SOFR	600	1/23/2028	USD		719,504		709,201			708,712		1,3,4
Renovation Systems, LLC	Delayed Draw	1.00%			1/23/2028	USD		1,501,500		(18,185	)		(22,522	)	1,2,3
Renovation Systems, LLC	First Lien Term Loan	10.58%	SOFR	625	1/23/2028	USD		4,746,260		4,683,617			4,675,064		1,3,4
Renovation Systems, LLC	Revolver	13.75%	PRIME	525	1/23/2028	USD		240,054		188,611			188,444		1,3,4,7
RJW Group Holdings, Inc.	Delayed Draw	1.00%			11/26/2031	USD		1,217,391		(21,238	)		(21,364	)	1,2,3
RJW Group Holdings, Inc.	First Lien Term Loan	9.58%	SOFR	525	11/26/2031	USD		16,521,739		16,234,611			16,231,799		1,3,4
RKD Group, LLC	Delayed Draw	10.46%	SOFR	600	4/10/2026	USD		1,059,651		790,821			784,774		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Rocket Bidco Limited	Delayed Draw	9.95%	SONIA	470	3/9/2029	GBP		13,639,922	$	17,411,526		$	17,075,515		1,3,4,5,6
Rotation Buyer, LLC	Delayed Draw	1.00%			12/27/2031	USD		473,934		(4,735	)		(4,739	)	1,2,3
Rotation Buyer, LLC	First Lien Term Loan	9.08%	SOFR	475	12/27/2031	USD		1,848,341		1,829,883			1,829,858		1,3,4
Rotation Buyer, LLC	Revolver	9.08%	SOFR	475	12/27/2031	USD		242,537		51,908			51,903		1,3,4,7
RPM Intermediate Holdings, Inc.	Delayed Draw	10.72%	SOFR	625	9/11/2028	USD		2,675,112		1,324,749			1,380,469		1,3,4,7
RPM Intermediate Holdings, Inc.	First Lien Term Loan	10.72%	SOFR	625	9/11/2028	USD		9,747,768		9,533,641			9,884,237		1,3,4
Safety Products Holdings, LLC	First Lien Term Loan	9.51%	SOFR	500	12/15/2026	USD		9,798,859		9,682,710			9,750,540		1,3,4
SEI Holding I Corporation	First Lien Term Loan	9.36%	SOFR	500	3/27/2028	USD		16,025,058		15,678,236			15,892,084		1,3,4
SEI Holding I Corporation	Revolver	14.25%	FIXED	850	3/27/2028	USD		1,439,535		390,849			378,904		1,3,4,7
SEI Holding I Corporation	Delayed Draw	9.36%	SOFR	500	3/27/2028	USD		12,658,250		5,835,511			5,946,826		1,3,4,7
SEI Holding I Corporation	Revolver	0.50%			3/27/2028	USD		1,003,270		(9,012	)		(8,325	)	1,2,3
SEKO Global Logistics Network, LLC	First Lien Term Loan	16.52%	SOFR	1200	11/17/2029	USD		4,747,006		4,747,006			4,747,006		1,3,4
SEKO Global Logistics Network, LLC	First Lien Term Loan	12.52%	SOFR	800	11/17/2029	USD		1,736,560		1,714,391			1,714,391		1,3,4
Sonny's Enterprises, LLC	Revolver	9.98%	SOFR	550	8/5/2027	USD		642,787		320,758			319,840		1,3,4,7
Sonny's Enterprises, LLC	Revolver	0.50%			8/5/2027	USD		640,244		-			(914	)	1,2,3
Sonny's Enterprises, LLC	Delayed Draw	10.17%	SOFR	550	8/5/2028	USD		740,095		729,008			739,039		1,3,4
Sonny's Enterprises, LLC	First Lien Term Loan	10.17%	SOFR	550	8/5/2028	USD		9,965,982		9,816,328			9,951,757		1,3,4
Spartronics LLC	First Lien Term Loan	9.91%	SOFR	525	12/31/2025	USD		7,130,866		7,077,384			7,130,866		1,3,4
Spartronics LLC	Revolver	9.21%	SOFR	475	12/31/2025	USD		4,007,350		3,228,807			3,228,830		1,3,4,7
Spectrum Safety Solutions Purchaser, LLC	Revolver	9.52%	SOFR	500	7/1/2030	USD		4,340,580		1,285			108		1,3,4,7
Spectrum Safety Solutions Purchaser, LLC	Revolver	9.31%	SOFR	500	7/1/2030	USD		28,986		28,556			28,551		1,3,4
Spectrum Safety Solutions Purchaser, LLC	Delayed Draw	1.00%			7/1/2031	USD		2,173,913		(32,364	)		(32,609	)	1,2,3
Spectrum Safety Solutions Purchaser, LLC	First Lien Term Loan	9.59%	SOFR	500	7/1/2031	USD		4,094,203		4,035,835			4,032,790		1,3,4
Spectrum Safety Solutions Purchaser, LLC	First Lien Term Loan	9.31%	SOFR	500	7/1/2031	USD		8,188,406		8,066,882			8,065,580		1,3,4
Spectrum Safety Solutions, LLC	Revolver	9.59%	SOFR	500	7/1/2030	USD		2,130,434		477,742			475,290		1,3,4,7
Spectrum Safety Solutions, LLC	Revolver	9.52%	SOFR	500	7/1/2030	USD		21,739		21,438			21,413		1,3,4
Spectrum Safety Solutions, LLC	Delayed Draw	1.00%			7/1/2031	USD		2,173,914		(31,486	)		(32,608	)	1,2,3
Spectrum Safety Solutions, LLC	First Lien Term Loan	9.59%	SOFR	500	7/1/2031	USD		5,181,160		5,107,296			5,103,442		1,3,4
Spectrum Safety Solutions, LLC	First Lien Term Loan	9.33%	SOFR	500	7/1/2031	USD		1,086,957		1,071,469			1,070,652		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Standard Elevator Systems	First Lien Term Loan	10.34%	SOFR	575	12/2/2027	USD		9,719,974	$	9,607,982		$	9,088,219		1,3,4
Stats Intermediate Holdings, LLC	First Lien Term Loan	10.03%	SOFR	525	7/10/2026	USD		3,728,366		3,650,804			3,688,752		1,3,4
Superior Industries International, Inc.	First Lien Term Loan	11.88%	SOFR	750	12/15/2028	USD		9,441,887		9,221,556			9,205,840		1,3,4
SureWerx Purchaser III, Inc.	Revolver	9.58%	SOFR	525	12/28/2028	USD		1,300,000		1,078,388			1,079,000		1,3,4,7
SureWerx Purchaser III, Inc.	Revolver	9.58%	SOFR	525	12/28/2028	USD		42,376		40,587			40,866		1,3,4,6,7
SureWerx Purchaser III, Inc.	Delayed Draw	1.00%			12/28/2029	USD		1,875,000		(37,500	)		-		1,2,3
SureWerx Purchaser III, Inc.	First Lien Term Loan	9.58%	SOFR	525	12/28/2029	USD		9,033,750		8,820,445			9,033,750		1,3,4
SureWerx Purchaser III, Inc.	First Lien Term Loan	9.18%	CORRA	525	12/28/2029	CAD		419,296		304,700			291,684		1,3,4,5,6
SurfacePrep Buyer, LLC	Delayed Draw	9.30%	SOFR	500	2/2/2030	USD		6,480,000		3,712,128			3,790,800		1,3,4,7
SurfacePrep Buyer, LLC	Delayed Draw	1.00%			2/2/2030	USD		1,842,734		(34,232	)		-		1,2,3,6
SurfacePrep Buyer, LLC	First Lien Term Loan	9.30%	SOFR	500	2/2/2030	USD		34,344,000		33,752,644			34,344,000		1,3,4
SurfacePrep Buyer, LLC	First Lien Term Loan	9.30%	SOFR	500	2/2/2030	USD		23,533,710		23,114,708			23,533,710		1,3,4,6
SurfacePrep Buyer, LLC	Revolver	9.30%	SOFR	500	2/2/2030	USD		6,480,000		702,028			810,000		1,3,4,7
SurfacePrep Buyer, LLC	Revolver	9.30%	SOFR	500	2/2/2030	USD		4,440,322		478,609			555,040		1,3,4,6,7
SurfacePrep Buyer, LLC	Delayed Draw	9.30%	SOFR	500	2/4/2030	USD		2,597,588		2,549,771			2,597,588		1,3,4,6
SV Newco 2, Inc.	Delayed Draw	1.00%			5/31/2031	USD		7,812,501		(113,430	)		(53,152	)	1,2,3
SV Newco 2, Inc.	First Lien Term Loan	9.26%	SOFR	475	5/31/2031	USD		12,500,000		12,321,149			12,321,141		1,3,4
SV Newco 2, Inc.	Revolver	0.50%			5/31/2031	USD		4,687,501		(65,821	)		(67,072	)	1,2,3
SV-Areo Holdings, LLC	Delayed Draw	1.00%			11/1/2026	USD		13,432,836		(67,164	)		(59,444	)	1,2,3
SV-Areo Holdings, LLC	First Lien Term Loan	9.76%	SOFR	525	11/1/2030	USD		61,567,164		61,264,870			61,294,713		1,3,4
Tank Holding Corp.	First Lien Term Loan	10.25%	SOFR	575	3/31/2028	USD		61,797,144		61,027,685			61,121,237		1,3,4
Tank Holding Corp.	Revolver	10.47%	SOFR	575	3/31/2028	USD		1,780,415		1,350,148			1,330,675		1,3,4,7
TecoStar Holdings, Inc.	First Lien Term Loan	8.29%, 4.50% PIK	SOFR	400	7/7/2029	USD		21,157,538		20,739,017			20,886,951		1,3,4,8
The Colt Group Intermediate, LLC	Delayed Draw	8.83%	SOFR	450	10/17/2030	USD		1,676,470		432,203			432,438		1,3,4,6,7
The Colt Group Intermediate, LLC	First Lien Term Loan	9.75%	SOFR	500	10/17/2030	USD		2,235,294		2,197,151			2,197,173		1,3,4,6
The Colt Group Intermediate, LLC	Revolver	9.75%	SOFR	500	10/17/2030	USD		838,235		41,704			41,586		1,3,4,6,7
The Vertex Companies, Inc.	Delayed Draw	10.46%	SOFR	600	8/31/2027	USD		3,868,162		3,810,202			3,813,051		1,3,4
The Vertex Companies, Inc.	First Lien Term Loan	10.69%	SOFR	625	8/31/2027	USD		2,072,500		2,028,770			2,042,972		1,3,4
The Vertex Companies, Inc.	First Lien Term Loan	10.46%	SOFR	600	8/31/2027	USD		9,489,131		9,346,794			9,353,934		1,3,4
The Vertex Companies, Inc.	First Lien Term Loan	9.96%	SOFR	550	8/31/2027	USD		817,934		804,788			806,281		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
The Vertex Companies, Inc.	Revolver	10.79%	SOFR	600	8/31/2027	USD		1,304,348	$	877,574		$	877,043		1,3,4,7
Time Manufacturing Acquisition, LLC	First Lien Term Loan	11.49%	SOFR	650	12/1/2027	USD		17,999,229		17,999,229			15,994,078		1,3,4
Time Manufacturing Acquisition, LLC	First Lien Term Loan	9.89%	EURIBOR	650	12/1/2027	EUR		11,563,053		13,136,492			10,561,182		1,3,4,5
Time Manufacturing Acquisition, LLC	Revolver	11.49%	SOFR	650	12/1/2027	USD		3,123,288		1,829,147			1,482,196		1,3,4,7
Tinicum Voltage Acquisition Corp.	First Lien Term Loan	9.41%	SOFR	475	1/7/2029	USD		14,962,500		14,585,036			14,840,787		1,3,4
Tinicum Voltage Acquisition Corp.	First Lien Term Loan	9.41%	SOFR	475	12/15/2028	USD		23,403,846		23,403,846			23,403,846		1,3,4
Totnatech, Inc.	First Lien Term Loan	9.11%	SOFR	475	10/8/2030	USD		50,000,000		49,271,246			49,290,690		1,3,4
TPC Wire & Cable Corp.	First Lien Term Loan	9.96%	SOFR	550	2/16/2027	USD		653,373		642,758			647,535		1,3,4,6
Truck-Lite Co., LLC	Delayed Draw	1.00%			2/13/2030	USD		5,333,333		(69,109	)		(80,000	)	1,2,3
Truck-Lite Co., LLC	First Lien Term Loan	10.27%	SOFR	575	2/13/2030	USD		49,257,023		48,594,305			48,518,167		1,3,4
Truck-Lite Co., LLC	Revolver	10.27%	SOFR	575	2/13/2030	USD		3,005,343		432,473			446,287		1,3,4,6,7
Truck-Lite Co., LLC	Revolver	10.27%	SOFR	575	2/13/2030	USD		5,333,332		1,299,707			1,288,889		1,3,4,7
Truck-Lite Co., LLC	Revolver	10.23%	SOFR	575	2/13/2030	USD		34,281		33,592			33,767		1,3,4,6
Truck-Lite Co., LLC	Revolver	10.14%	SOFR	575	2/13/2030	USD		388,523		380,889			382,696		1,3,4,6
Truck-Lite Co., LLC	Delayed Draw	1.00%			2/13/2031	USD		3,428,148		(68,683	)		(51,422	)	1,2,3,6
Truck-Lite Co., LLC	First Lien Term Loan	10.27%	SOFR	575	2/13/2031	USD		31,710,370		31,051,529			31,234,715		1,3,4,6
Trystar, LLC	Delayed Draw	1.00%			8/6/2031	USD		4,107,126		(39,616	)		(36,783	)	1,2,3
Trystar, LLC	First Lien Term Loan	8.93%	SOFR	450	8/6/2031	USD		7,144,930		7,075,988			7,080,941		1,3,4
Trystar, LLC	Revolver	0.50%			8/6/2031	USD		2,834,016		(26,842	)		(25,381	)	1,2,3
Ubeo, LLC	First Lien Term Loan	9.91%	SOFR	525	4/3/2026	USD		22,727,918		22,548,837			22,700,029		1,3,4
Ubeo, LLC	Revolver	0.50%			4/3/2026	USD		2,319,369		-			(2,846	)	1,2,3
Ubeo, LLC	First Lien Term Loan	9.99%	SOFR	525	5/1/2034	USD		1,084,758		1,074,323			1,083,427		1,3,4
United Flow Technologies Intermediate Holdco II, LLC	Revolver	9.58%	SOFR	525	6/21/2030	USD		660,114		122,938			122,820		1,3,4,7
United Flow Technologies Intermediate Holdco II, LLC	Delayed Draw	9.90%	SOFR	525	6/21/2031	USD		33,006		32,536			32,546		1,3,4
United Flow Technologies Intermediate Holdco II, LLC	Delayed Draw	9.88%	SOFR	525	6/21/2031	USD		290,450		286,280			286,401		1,3,4
United Flow Technologies Intermediate Holdco II, LLC	Delayed Draw	1.00%			6/21/2031	USD		2,977,112		(43,026	)		(41,503	)	1,2,3
United Flow Technologies Intermediate Holdco II, LLC	First Lien Term Loan	9.58%	SOFR	525	6/21/2031	USD		5,941,022		5,856,609			5,858,200		1,3,4
US Anchors Group, Inc.	First Lien Term Loan	9.33%	SOFR	500	7/15/2029	USD		4,601,142		4,521,554			4,492,388		1,3,4
US Anchors Group, Inc.	Revolver	0.50%			7/15/2029	USD		856,428		(17,439	)		(20,242	)	1,2,3
USSC Holding Corp.	Delayed Draw	9.75%	SOFR	525	6/21/2030	USD		2,646,586		2,601,065			2,606,888		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
USSC Holding Corp.	First Lien Term Loan	9.58%	SOFR	525	6/21/2030	USD		8,717,400	$	8,595,134		$	8,586,638		1,3,4
USSC Holding Corp.	Revolver	0.50%			6/21/2030	USD		1,877,686		(32,164	)		(28,166	)	1,2,3
UTAC Group	First Lien Term Loan	7.18%, 1.75% PIK	EURIBOR	460	9/29/2027	EUR		1,300,000		1,573,795			1,271,202		1,3,4,5,8
Vessco Midco Holdings, LLC	Delayed Draw	9.65%	SOFR	525	7/24/2031	USD		1,184,616		1,172,935			1,172,769		1,3,4
Vessco Midco Holdings, LLC	Delayed Draw	9.50%	SOFR	525	7/24/2031	USD		15,315,384		2,068,958			2,067,500		1,3,4,7
Vessco Midco Holdings, LLC	Delayed Draw	9.50%	SOFR	525	7/24/2031	USD		8,466,062		2,144,049			2,147,325		1,3,4,6,7
Vessco Midco Holdings, LLC	First Lien Term Loan	9.65%	SOFR	525	7/24/2031	USD		24,230,769		23,991,861			23,988,461		1,3,4
Vessco Midco Holdings, LLC	First Lien Term Loan	9.11%	SOFR	475	7/24/2031	USD		8,653,846		8,570,828			8,569,955		1,3,4
Vessco Midco Holdings, LLC	First Lien Term Loan	9.11%	SOFR	475	7/24/2031	USD		25,398,188		25,144,213			25,151,976		1,3,4,6
Vessco Midco Holdings, LLC	Revolver	12.75%	PRIME	425	7/24/2031	USD		3,322,021		299,500			299,998		1,3,4,6,7
Vessco Midco Holdings, LLC	Revolver	12.75%	PRIME	425	7/24/2031	USD		269,231		266,659			266,539		1,3,4
Vessco Midco Holdings, LLC	Revolver	0.50%			7/24/2031	USD		5,230,769		(50,107	)		(51,449	)	1,2,3
VSG Acquisition Corp.	Delayed Draw	10.47%	SOFR	600	4/11/2028	USD		8,125,279		2,323,163			2,325,033		1,3,4,6,7
VSG Acquisition Corp.	First Lien Term Loan	10.47%	SOFR	600	4/11/2028	USD		18,738,936		18,552,824			18,465,461		1,3,4,6
VSG Acquisition Corp.	Revolver	10.47%	SOFR	600	4/11/2028	USD		2,333,333		583,333			549,281		1,3,4,6,7
Walter Surface Technologies Inc.	Delayed Draw	9.68%	SOFR	525	3/31/2027	USD		5,944,039		2,103,339			2,176,027		1,3,4,6,7
Walter Surface Technologies Inc.	First Lien Term Loan	9.68%	SOFR	525	3/31/2027	USD		6,916,610		6,839,803			6,916,610		1,3,4,6
Walter Surface Technologies Inc.	First Lien Term Loan	8.74%	CORRA	525	3/31/2027	CAD		6,418,459		4,703,409			4,465,015		1,3,4,5,6
Wildcat Buyerco, Inc.	Delayed Draw	1.00%			11/17/2031	USD		2,837,624		(28,234	)		(28,376	)	1,2,3,6
Wildcat Buyerco, Inc.	First Lien Term Loan	9.36%	SOFR	500	11/17/2031	USD		15,890,694		15,732,914			15,731,787		1,3,4,6
Wildcat Buyerco, Inc.	Revolver	9.36%	SOFR	500	11/17/2031	USD		2,837,624		255,665			255,386		1,3,4,6,7
Wolf-Gordon, Inc.	First Lien Term Loan	9.58%	SOFR	525	5/1/2029	USD		2,665,467		2,617,705			2,612,158		1,3,4
Wolf-Gordon, Inc.	Revolver	11.75%	PRIME	425	5/1/2029	USD		497,600		364,715			363,248		1,3,4,7
WP CPP Holdings, LLC	First Lien Term Loan	7.70%, 4.13% PIK	SOFR	338	12/1/2029	USD		56		55			56		1,3,4,8
Zeus Company LLC	Revolver	0.50%			2/28/2030	USD		793,658		(9,181	)		(9,505	)	1,2,3,6
Zeus Company LLC	Delayed Draw	9.83%	SOFR	550	2/28/2031	USD		1,058,211		362,481			365,574		1,3,4,6,7
Zeus Company LLC	First Lien Term Loan	9.83%	SOFR	550	2/28/2031	USD		5,673,660		5,646,546			5,605,714		1,3,4,6
Zone Climate Services, Inc.	Delayed Draw	1.00%			3/9/2028	USD		5,322,651		1,134,969			1,165,825		1,3,6,7
Zone Climate Services, Inc.	Revolver	10.23%	SOFR	575	3/9/2028	USD		1,064,533		729,828			724,681		1,3,4,6,7
										2,758,715,952			2,752,710,877

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Materials — 1.7%
Alpine Acquisition Corp.	First Lien Term Loan	2.00%, 8.44% PIK	SOFR	200	11/30/2026	USD		51,019,482	$	50,609,548		$	43,798,251		1,3,4,8
Alpine Acquisition Corp.	Revolver	10.44%	SOFR	600	11/30/2026	USD		475,868		252,210			184,856		1,3,4,7
AquaPhoenix Scientific, LLC	Delayed Draw	9.36%	SOFR	500	7/22/2026	USD		958,400		259,380			258,768		1,3,4,7
AquaPhoenix Scientific, LLC	First Lien Term Loan	9.36%	SOFR	500	7/22/2026	USD		71,880		71,240			71,161		1,3,4
Berlin Packaging LLC	Second Lien Term Loan	12.00%	PRIME	725	6/7/2032	USD		3,302,014		3,295,253			3,260,472		1,3,4
Berlin Packaging LLC	Second Lien Term Loan	9.93%	EURIBOR	725	6/7/2032	EUR		13,068,750		14,494,054			13,171,472		1,3,4,5
CFS Brands, LLC	Revolver	0.50%			10/2/2029	USD		2,439,024		(48,781	)		-		1,2,3,6
CFS Brands, LLC	Delayed Draw	1.00%			10/2/2030	USD		837,398		(16,260	)		-		1,2,3,6
CFS Brands, LLC	First Lien Term Loan	9.36%	SOFR	500	10/2/2030	USD		16,643,902		16,359,900			16,643,902		1,3,4,6
Cold Chain Technologies, LLC	First Lien Term Loan	10.08%	SOFR	575	8/2/2025	USD		4,962,500		4,927,163			4,962,500		1,3,4,6
DCG Acquisition Corp.	Delayed Draw	1.00%			6/13/2031	USD		6,699,688		(64,664	)		-		1,2,3,6
DCG Acquisition Corp.	First Lien Term Loan	8.86%	SOFR	475	6/13/2031	USD		40,064,132		39,683,270			40,064,131		1,3,4,6
Dubois Chemicals, Inc.	Delayed Draw	1.00%			6/13/2031	USD		375,940		-			-		1,2,3,6
Dubois Chemicals, Inc.	First Lien Term Loan	8.86%	SOFR	475	6/13/2031	USD		2,248,120		2,248,120			2,248,120		1,3,4,6
Dubois Chemicals, Inc.	Revolver	0.50%			6/13/2031	USD		375,940		(2,703	)		-		1,2,3,6
HASA Acquisition, LLC	Delayed Draw	1.00%			1/10/2029	USD		755,279		(7,488	)		(7,553	)	1,2,3,6
HASA Acquisition, LLC	First Lien Term Loan	9.02%	SOFR	450	1/10/2029	USD		2,674,946		2,648,569			2,648,197		1,3,4,6
HASA Acquisition, LLC	First Lien Term Loan	8.99%	SOFR	450	1/10/2029	USD		1,898,378		1,860,764			1,879,394		1,3,4,6
HASA Acquisition, LLC	Revolver	0.50%			1/10/2029	USD		786,749		(11,601	)		(11,801	)	1,2,3,6
ID Label Holdings, Inc.	First Lien Term Loan	9.33%	SOFR	500	11/15/2030	USD		5,000,000		4,926,177			4,926,624		1,3,4,6
ID Label Holdings, Inc.	Revolver	0.50%			11/15/2030	USD		1,000,000		(14,682	)		(14,675	)	1,2,3,6
Indigo Buyer, Inc.	Delayed Draw	10.92%	SOFR	625	5/23/2028	USD		4,937,500		4,838,750			4,937,500		1,3,4,6
Indigo Buyer, Inc.	Delayed Draw	1.00%			5/23/2028	USD		24,500,000		(258,971	)		(174,730	)	1,2,3
Indigo Buyer, Inc.	First Lien Term Loan	10.86%	SOFR	625	5/23/2028	USD		12,772,500		12,604,008			12,772,500		1,3,4,6
Indigo Buyer, Inc.	First Lien Term Loan	9.94%	SOFR	525	5/23/2028	USD		12,468,750		12,290,035			12,286,275		1,3,4
Indigo Buyer, Inc.	Revolver	10.73%	SOFR	625	5/23/2028	USD		2,000,000		1,160,000			1,200,000		1,3,4,6,7
Kano Intermediate, Inc.	Delayed Draw	1.00%			12/17/2030	USD		7,676,768		(95,636	)		(95,960	)	1,2,3,6
Kano Intermediate, Inc.	First Lien Term Loan	9.10%	SOFR	475	12/17/2030	USD		28,404,040		28,050,805			28,048,990		1,3,4,6
Kano Intermediate, Inc.	Revolver	0.50%			12/17/2030	USD		1,919,192		(23,828	)		(23,990	)	1,2,3,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Nelipak Holding Company	Delayed Draw	1.00%			3/26/2031	EUR		16,321,896	$	(248,545	)	$	(865,348	)	1,2,3,5
Nelipak Holding Company	First Lien Term Loan	9.86%	SOFR	550	3/26/2031	USD		9,091,500		8,965,295			8,961,783		1,3,4
Nelipak Holding Company	First Lien Term Loan	8.36%	EURIBOR	550	3/26/2031	EUR		16,606,734		17,743,433			16,956,485		1,3,4,5
Nelipak Holding Company	First Lien Term Loan	8.18%	EURIBOR	550	3/26/2031	EUR		16,606,734		17,771,562			16,956,485		1,3,4,5
Nelipak Holding Company	Revolver	9.86%	SOFR	550	3/26/2031	USD		1,097,250		1,082,094			1,081,594		1,3,4
Nelipak Holding Company	Revolver	8.58%	EURIBOR	557	3/26/2031	EUR		209,000		223,138			213,402		1,3,4,5
Nelipak Holding Company	Revolver	8.35%	EURIBOR	550	3/26/2031	EUR		3,306,379		65,943			(22,087	)	1,3,4,5,7
Nelipak Holding Company	Revolver	8.34%	EURIBOR	550	3/26/2031	EUR		78,375		83,886			80,026		1,3,4,5
Nelipak Holding Company	Revolver	8.28%	EURIBOR	543	3/26/2031	EUR		104,500		111,849			106,701		1,3,4,5
Oliver Packaging, LLC	First Lien Term Loan	9.48%	SOFR	500	7/6/2028	USD		9,190,476		9,079,316			9,020,468		1,3,4
Oliver Packaging, LLC	Revolver	9.48%	SOFR	500	7/6/2028	USD		1,269,841		374,781			354,130		1,3,4,7
Olympic Buyer, Inc.	Revolver	8.71%	SOFR	435	6/30/2026	USD		2,352,941		754,902			754,902		1,3,4,7
Olympic Buyer, Inc.	First Lien Term Loan	8.71%	SOFR	435	6/30/2028	USD		25,768,011		25,461,217			25,768,011		1,3,4
Optimum Group	First Lien Term Loan	8.12%	EURIBOR	550	6/16/2028	EUR		12,701,000		13,894,885			12,683,050		1,3,4,5
PLA Buyer, LLC	Delayed Draw	1.00%			11/22/2029	USD		698,593		(13,673	)		(13,972	)	1,2,3
PLA Buyer, LLC	First Lien Term Loan	11.01%	SOFR	650	11/22/2029	USD		11,177,486		10,957,540			10,953,936		1,3,4
PLA Buyer, LLC	Revolver	0.50%			11/22/2029	USD		1,397,186		(27,339	)		(27,944	)	1,2,3
Reagent Chemical Research, Inc.	Revolver	0.50%			4/30/2030	USD		583,000		(10,398	)		(11,259	)	1,2,3
Reagent Chemical Research, Inc.	First Lien Term Loan	9.61%	SOFR	525	4/30/2031	USD		4,211,967		4,133,319			4,130,625		1,3,4
Rohrer Corporation	First Lien Term Loan	9.53%	SOFR	500	3/15/2027	USD		11,727,216		11,653,293			11,727,216		1,3,4,6
SePro Holdings, LLC	Delayed Draw	1.00%			7/26/2030	USD		5,416,667		(52,274	)		(102,625	)	1,2,3
SePro Holdings, LLC	First Lien Term Loan	9.61%	SOFR	550	7/26/2030	USD		37,916,667		37,557,321			37,198,293		1,3,4
SePro Holdings, LLC	Revolver	0.50%			7/26/2030	USD		5,416,667		(50,337	)		(102,625	)	1,2,3
STS Holding, Inc.	First Lien Term Loan	9.08%	SOFR	475	11/12/2030	USD		25,000,000		24,753,548			24,754,586		1,3,4
Sunland Asphalt & Construction, LLC	Delayed Draw	10.96%	SOFR	650	6/16/2028	USD		4,453,125		4,297,516			4,453,125		1,3,4
Sunland Asphalt & Construction, LLC	First Lien Term Loan	10.96%	SOFR	650	6/16/2028	USD		10,571,590		10,333,965			10,783,022		1,3,4
Tangent Technologies Acquisition, LLC	Second Lien Term Loan	13.39%	SOFR	875	5/30/2028	USD		2,500,000		2,500,000			2,525,000		1,3,4
Tilley Chemical Co., Inc.	Delayed Draw	10.48%	SOFR	600	12/31/2026	USD		5,136,477		5,085,112			5,136,477		1,3,4
Tilley Chemical Co., Inc.	First Lien Term Loan	10.48%	SOFR	600	12/31/2026	USD		19,872,131		19,673,409			19,872,131		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Tilley Chemical Co., Inc.	Revolver	0.50%			12/31/2026	USD		2,555,556	$	-		$	-		1,2,3
V Global Holdings LLC	Revolver	10.45%	SOFR	575	12/22/2025	USD		13,733,274		9,902,413			9,745,331		1,3,4,6,7
Vanguard Packaging, LLC	First Lien Term Loan	9.47%	SOFR	500	8/9/2026	USD		1,337,156		1,330,049			1,327,127		1,3,4
Vanguard Packaging, LLC	Revolver	9.87%	SOFR	500	8/9/2026	USD		575,700		169,820			168,392		1,3,4,7
										437,591,672			427,600,842
Real Estate — 1.1%
Associations, Inc.	First Lien Term Loan	11.32%	SOFR	676	5/3/2030	USD		9,199,500		9,157,917			9,199,500		1,3,4
Associations, Inc.	First Lien Term Loan	11.28%	SOFR	676	5/3/2030	USD		5,754,157		5,754,157			5,754,157		1,3,4
Associations, Inc.	First Lien Term Loan	11.16%	SOFR	676	5/3/2030	USD		2,197,341		2,197,342			2,197,342		1,3,4
Associations, Inc.	Delayed Draw	11.32%	SOFR	625	7/2/2028	USD		6,330,584		1,052,332			1,056,455		1,3,4,7
Associations, Inc.	First Lien Term Loan	11.32%	SOFR	650	7/2/2028	USD		53,010,053		52,970,630			53,010,053		1,3,4
Associations, Inc.	Revolver	11.28%	SOFR	650	7/2/2028	USD		5,072,584		2,532,980			2,536,292		1,3,4,7
Castle Management Borrower LLC	First Lien Term Loan	9.83%	SOFR	550	11/3/2029	USD		9,925,000		9,727,405			9,878,046		1,3,4
Castle Management Borrower LLC	Revolver	9.83%	SOFR	550	11/3/2029	USD		1,250,000		479,500			494,087		1,3,4,7
Chirisa Volo LLC	Delayed Draw	10.70%	SOFR	625	12/4/2027	USD		40,390,000		5,717,513			5,649,563		1,3,4,7
COP Village Green Acquisitions, Inc.	Delayed Draw	1.00%			9/26/2030	USD		3,118,222		(38,134	)		(35,474	)	1,2,3,6
COP Village Green Acquisitions, Inc.	First Lien Term Loan	9.08%	SOFR	475	9/26/2030	USD		6,510,846		6,432,114			6,436,776		1,3,4,6
COP Village Green Acquisitions, Inc.	Revolver	0.50%			9/26/2030	USD		1,870,933		(22,363	)		(21,285	)	1,2,3,6
CRS TH Holdings Corp	Revolver	0.50%			12/1/2027	USD		3,095,975		(39,437	)		(18,986	)	1,2,3
CRS TH Holdings Corp	Delayed Draw	1.00%			12/1/2028	USD		16,904,025		(126,747	)		(103,662	)	1,2,3
CRS TH Holdings Corp	First Lien Term Loan	9.21%	SOFR	475	12/1/2028	USD		20,239,407		20,037,013			20,115,292		1,3,4
CRS TH Holdings Corp	Revolver	0.50%			12/1/2028	USD		4,237,288		(10,593	)		(25,985	)	1,2,3
Link Apartments Opportunity Zone REIT	Delayed Draw	1.00%			12/27/2029	USD		763,636		(15,233	)		(15,273	)	1,2,3
Link Apartments Opportunity Zone REIT	First Lien Term Loan	11.83%	SOFR	750	12/27/2029	USD		1,336,364		1,309,694			1,309,636		1,3,4
Metropolis Technologies, Inc.	First Lien Term Loan	10.46%	SOFR	600	5/16/2031	USD		32,165,166		31,863,187			31,636,261		1,3,4
MRI Software, LLC	Delayed Draw	9.08%	SOFR	475	2/10/2027	USD		55,377,274		18,370,287			18,378,774		1,3,4,7
MRI Software, LLC	Delayed Draw	9.11%	SOFR	475	2/10/2027	USD		9,781,826		9,705,766			9,781,827		1,3,4
MRI Software, LLC	Delayed Draw	9.08%	SOFR	475	2/10/2027	USD		1,778,067		1,116,687			1,130,799		1,3,4,6,7
MRI Software, LLC	First Lien Term Loan	9.08%	SOFR	475	2/10/2027	USD		56,528,301		56,211,641			56,528,301		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
MRI Software, LLC	Revolver	9.08%	SOFR	475	2/10/2027	USD		2,159,885	$	688,139		$	691,379		1,3,4,6,7
MRI Software, LLC	Revolver	9.08%	SOFR	475	2/10/2027	USD		15,719,672		5,674,661			5,824,755		1,3,4,7
MRI Software, LLC	Revolver	0.50%			2/10/2027	USD		82,938		(567	)		-		1,2,3,6
Royal Property Company	First Lien Term Loan	9.61%	SOFR	525	2/2/2029	USD		19,750,000		19,502,159			19,750,000		1,3,4
Sako and Partners Lower Holdings LLC	Delayed Draw	1.00%			9/15/2028	USD		3,549,655		(63,883	)		(4,356	)	1,2,3,6
Sako and Partners Lower Holdings LLC	First Lien Term Loan	8.83%	SOFR	450	9/15/2028	USD		1,517,477		1,492,111			1,515,615		1,3,4,6
Sako and Partners Lower Holdings LLC	Revolver	9.34%	SOFR	475	9/15/2028	USD		26,092		25,854			26,060		1,3,4,6
Sako and Partners Lower Holdings LLC	Revolver	0.50%			9/15/2028	USD		104,367		(931	)		(128	)	1,2,3,6
										261,701,201			262,675,821
Technology — 19.9%
1WorldSync, Inc.	Delayed Draw	9.23%	SOFR	475	7/8/2025	USD		140,934		140,527			140,934		1,3,4
1WorldSync, Inc.	First Lien Term Loan	9.53%	SOFR	475	7/8/2025	USD		15,426,549		15,378,874			15,426,549		1,3,4
3Si Security Systems, Inc.	First Lien Term Loan	10.64%	SOFR	600	12/16/2026	USD		9,929,782		9,822,902			9,915,609		1,3,4
Abracon Group Holdings, LLC	Delayed Draw	1.00%			7/6/2028	USD		2,857,068		-			(504,603	)	1,2,3
Abracon Group Holdings, LLC	First Lien Term Loan	6.70%, 4.60% PIK	SOFR	200	7/6/2028	USD		38,778,290		38,237,692			31,929,443		1,3,4,8
Abracon Group Holdings, LLC	Revolver	6.70%, 4.60% PIK	SOFR	200	7/6/2028	USD		2,596,154		2,544,231			2,137,633		1,3,4,8
AC Blackpoint	Delayed Draw	1.00%			12/31/2030	USD		5,913,044		(73,914	)		(73,914	)	1,2,3,6
AC Blackpoint	First Lien Term Loan	9.33%	SOFR	500	12/31/2030	USD		9,608,696		9,488,587			9,488,587		1,3,4,6
AC Blackpoint	Revolver	0.50%			12/31/2030	USD		1,478,261		(18,478	)		(18,478	)	1,2,3,6
Acquia, Inc.	First Lien Term Loan	11.44%	SOFR	700	10/31/2025	USD		5,205,828		5,123,556			5,198,397		1,3,4
Acquia, Inc.	Revolver	11.45%	SOFR	700	10/31/2025	USD		302,938		169,579			169,213		1,3,4,7
Adelaide Borrower, LLC	Delayed Draw	1.00%			5/8/2030	USD		7,480,202		(141,801	)		(123,000	)	1,2,3
Adelaide Borrower, LLC	First Lien Term Loan	10.58%	SOFR	625	5/8/2030	USD		31,285,783		30,711,991			30,771,337		1,3,4
Adelaide Borrower, LLC	Revolver	0.50%			5/8/2030	USD		4,238,173		(75,846	)		(69,690	)	1,2,3
Afiniti, Inc.	First Lien Term Loan	8.33%, 3.50% PIK	SOFR	400	12/3/2031	USD		10,131,456		9,998,119			10,120,613		1,3,4,6,8
Afiniti, Inc.	Second Lien Term Loan	16.00% PIK			12/3/2031	USD		12,776,661		12,608,511			12,762,964		1,3,6,8
AG-Twin Brook Technology	First Lien Term Loan	9.48%	SOFR	500	10/29/2026	USD		8,100,000		8,046,428			8,059,415		1,3,4,6
AG-Twin Brook Technology	First Lien Term Loan	11.17%	SOFR	650	10/5/2027	USD		24,527,273		24,216,869			24,104,943		1,3,4,6
AIDC Intermediate Co2, LLC	First Lien Term Loan	9.56%	SOFR	525	7/22/2027	USD		54,037,500		53,563,754			54,577,875		1,3,4
Ainavda BidCo AB	First Lien Term Loan	8.05%	STIBOR	550	3/31/2028	SEK		146,062,370		13,112,544			13,069,690		1,3,4,5

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Alegeus Technologies Holdings Corporation	First Lien Term Loan	11.10%	SOFR	675	11/5/2029	USD		12,802,857	$	12,484,578		$	12,482,786		1,3,4
Alteryx	Delayed Draw	11.01%	SOFR	650	3/19/2031	USD		3,838,020		3,783,762			3,838,020		1,3,4
Alteryx	Delayed Draw	10.86%	SOFR	650	3/19/2031	USD		6,823,147		6,728,229			6,823,147		1,3,4
Alteryx	First Lien Term Loan	10.86%	SOFR	650	3/19/2031	USD		4,690,914		4,625,906			4,690,914		1,3,4
Alteryx	Revolver	0.50%			3/19/2031	USD		1,705,787		(22,766	)		-		1,2,3
AMI Buyer, Inc.	First Lien Term Loan	9.69%	SOFR	525	10/17/2031	USD		16,286,628		16,046,745			16,091,005		1,3,4
AMI Buyer, Inc.	Revolver	9.69%	SOFR	525	10/17/2031	USD		2,368,964		541,379			547,500		1,3,4,7
Anaplan, Inc.	First Lien Term Loan	9.58%	SOFR	525	6/21/2029	USD		25,000,000		24,875,000			25,000,000		1,3,4
ANS Midco 3 Limited	First Lien Term Loan	12.07%	SONIA	737	9/8/2027	GBP		12,578,528		17,002,203			14,754,837		1,3,4,5
Appfire Technologies, LLC	Delayed Draw	9.33%	SOFR	500	3/9/2027	USD		6,146,221		2,808,876			2,789,028		1,3,4,7
Appfire Technologies, LLC	First Lien Term Loan	9.33%	SOFR	500	3/9/2027	USD		22,253,540		22,101,015			22,181,678		1,3,4
Appfire Technologies, LLC	Revolver	9.33%	SOFR	500	3/9/2027	USD		980,000		70,000			66,835		1,3,4,7
Appfire Technologies, LLC	Delayed Draw	1.00%			3/9/2028	USD		4,850,000		(20,929	)		(15,662	)	1,2,3
Appfire Technologies, LLC	First Lien Term Loan	9.33%	SOFR	500	3/9/2028	USD		2,204,465		2,204,454			2,197,346		1,3,4
Apryse Software Corp.	Revolver	9.52%	SOFR	500	7/15/2026	USD		957,606		638,404			638,404		1,3,4,7
Apryse Software Corp.	Delayed Draw	9.59%	SOFR	500	7/15/2027	USD		7,844,823		7,804,401			7,844,823		1,3,4
Apryse Software Corp.	First Lien Term Loan	9.59%	SOFR	500	7/15/2027	USD		42,460,602		42,128,601			42,460,602		1,3,4
Aptean, Inc.	Delayed Draw	9.49%	SOFR	500	1/30/2031	USD		10,128,072		6,059,963			6,154,424		1,3,4,7
Aptean, Inc.	First Lien Term Loan	9.59%	SOFR	500	1/30/2031	USD		82,392,280		81,644,599			82,392,280		1,3,4
Aptean, Inc.	Revolver	0.50%			1/30/2031	USD		7,281,600		(63,419	)		-		1,2,3
Arcoro Holdings Corp.	First Lien Term Loan	9.83%	SOFR	550	3/28/2030	USD		13,010,870		12,773,354			12,893,310		1,3,4
Arcoro Holdings Corp.	Revolver	0.50%			3/28/2030	USD		1,956,522		(34,601	)		(17,678	)	1,2,3
Ark Data Centers, LLC	Delayed Draw	1.00%			11/27/2030	USD		2,968,000		(58,897	)		(59,360	)	1,2,3
Ark Data Centers, LLC	First Lien Term Loan	9.08%	SOFR	475	11/27/2030	USD		5,045,600		4,945,864			4,944,688		1,3,4
Ark Data Centers, LLC	Revolver	0.50%			11/27/2030	USD		890,400		(17,528	)		(17,808	)	1,2,3
ASG II, LLC	Delayed Draw	10.99%	SOFR	625	5/25/2028	USD		4,608,696		4,516,522			4,608,696		1,3,4
ASG II, LLC	First Lien Term Loan	10.99%	SOFR	625	5/25/2028	USD		30,724,638		30,322,187			30,724,638		1,3,4
ASG III, LLC	Delayed Draw	11.09%	SOFR	650	10/31/2029	USD		900,000		890,516			891,462		1,3,4
ASG III, LLC	Delayed Draw	11.02%	SOFR	650	10/31/2029	USD		133,333		131,957			132,068		1,3,4
ASG III, LLC	Delayed Draw	10.95%	SOFR	650	10/31/2029	USD		300,000		296,881			297,154		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
ASG III, LLC	First Lien Term Loan	11.09%	SOFR	650	10/31/2029	USD		3,166,667	$	3,098,659		$	3,090,750		1,3,4
ASG III, LLC	Revolver	0.50%			10/31/2029	USD		500,000		(10,114	)		(10,737	)	1,2,3
Aston US Finco, LLC	First Lien Term Loan	8.72%	SOFR	425	10/9/2026	USD		3,820,230		3,744,109			3,688,107		1,4
Aston US Finco, LLC	Second Lien Term Loan	12.72%	SOFR	825	10/9/2027	USD		6,876,457		6,800,816			6,701,737		1,3,4
ATP Intermediate, Inc.	First Lien Term Loan	12.48%	SOFR	800	6/16/2025	USD		14,506,167		14,434,324			14,477,548		1,3,4
AuditBoard, Inc.	Delayed Draw	1.00%			7/12/2031	USD		1,500,000		(14,547	)		(1,720	)	1,2,3
AuditBoard, Inc.	First Lien Term Loan	9.08%	SOFR	475	7/12/2031	USD		3,150,000		3,119,841			3,131,635		1,3,4
AuditBoard, Inc.	Revolver	0.50%			7/12/2031	USD		600,000		(5,644	)		(3,498	)	1,2,3
Avalara, Inc.	First Lien Term Loan	10.58%	SOFR	625	10/19/2028	USD		27,272,727		26,787,125			26,937,083		1,3,4
Avalara, Inc.	Revolver	0.50%			10/19/2028	USD		2,727,273		-			(33,564	)	1,2,3
Azurite Intermediate	Delayed Draw	10.86%	SOFR	650	3/26/2031	USD		3,118,000		3,074,276			3,118,000		1,3,4
Azurite Intermediate	First Lien Term Loan	10.86%	SOFR	650	3/26/2031	USD		1,372,000		1,352,944			1,372,000		1,3,4
Azurite Intermediate	Revolver	0.50%			3/26/2031	USD		499,000		(6,682	)		-		1,2,3
Badge 21 Midco Holdings LLC	Revolver	9.58%	SOFR	525	7/9/2030	USD		2,777,778		377,983			378,243		1,3,4,7
Badge 21 Midco Holdings LLC	Delayed Draw	1.00%			7/9/2031	USD		6,944,444		(100,896	)		(96,059	)	1,2,3
Badge 21 Midco Holdings LLC	First Lien Term Loan	9.58%	SOFR	525	7/9/2031	USD		15,277,778		15,058,974			15,066,447		1,3,4
Baxter Planning Systems, LLC	Delayed Draw	1.00%			5/20/2031	USD		778,445		(11,173	)		(8,904	)	1,2,3
Baxter Planning Systems, LLC	First Lien Term Loan	7.30%, 3.38% PIK	SOFR	288	5/20/2031	USD		4,231,621		4,171,868			4,183,219		1,3,4,8
Baxter Planning Systems, LLC	Revolver	0.50%			5/20/2031	USD		766,891		(10,514	)		(8,772	)	1,2,3
Benefit Street Technology	Revolver	0.50%			10/1/2026	USD		2,666,667		-			-		1,2,3,6
Benefit Street Technology	First Lien Term Loan	9.96%	SOFR	550	10/1/2027	USD		24,312,500		24,047,660			24,312,500		1,3,4,6
Benefit Street Technology	First Lien Term Loan	10.61%	SOFR	625	5/2/2028	USD		27,438,903		27,083,135			26,442,521		1,3,4
Beta Plus Technologies, Inc.	Revolver	8.90%	SOFR	450	7/1/2027	USD		6,700,000		4,221,000			4,221,000		1,3,4,7
Beta Plus Technologies, Inc.	First Lien Term Loan	10.08%	SOFR	575	7/1/2029	USD		49,125,000		46,428,080			49,125,000		1,3,4
BetterCloud, Inc.	First Lien Term Loan	5.51%, 7.25% PIK	SOFR	100	6/30/2028	USD		18,157,029		17,936,800			9,997,105		1,3,4,8
BetterCloud, Inc.	First Lien Term Loan	5.51%, 7.25% PIK	SOFR	100	6/30/2028	USD		27,383,295		27,050,990			15,077,008		1,3,4,6,8
BetterCloud, Inc.	Revolver	0.50%			6/30/2028	USD		2,512,669		(50,253	)		(1,129,215	)	1,2,3
BetterCloud, Inc.	Revolver	0.50%			6/30/2028	USD		3,801,052		(76,021	)		(1,708,225	)	1,2,3,6
Bigtime Software, Inc.	First Lien Term Loan	10.82%	SOFR	625	6/30/2028	USD		19,573,241		19,258,689			19,573,241		1,3,4
Bigtime Software, Inc.	Revolver	0.50%			6/30/2028	USD		2,327,586		(46,552	)		-		1,2,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Bigtime Software, Inc.	Delayed Draw	10.82%	SOFR	625	6/30/2028	USD		3,744,000	$	3,744,000		$	3,744,000		1,3,4
Blitz K23-87 GmbH	Delayed Draw	1.00%			10/7/2031	EUR		1,196,094		(25,834	)		(98,187	)	1,2,3,5
Blitz K23-87 GmbH	First Lien Term Loan	8.49%	EURIBOR	525	10/7/2031	EUR		3,349,062		3,602,843			3,399,711		1,3,4,5
BlueCat Networks (USA) Inc.	First Lien Term Loan	10.39%	SOFR	600	8/8/2028	USD		5,308,242		5,231,190			5,231,422		1,3,4,6
Bluefin Holding, LLC	First Lien Term Loan	10.64%	SOFR	625	12/17/2030	USD		5,769,231		5,683,112			5,682,692		1,3,4
Bluefin Holding, LLC	First Lien Term Loan	10.64%	SOFR	625	9/12/2029	USD		34,134,615		33,422,055			33,622,596		1,3,4
Bluefin Holding, LLC	Revolver	0.50%			9/12/2029	USD		3,365,385		(84,135	)		(50,481	)	1,2,3
Bluesight, Inc.	First Lien Term Loan	10.82%	SOFR	650	7/17/2029	USD		25,000,000		24,625,170			24,625,000		1,3,4
Bluesight, Inc.	First Lien Term Loan	10.57%	SOFR	625	7/17/2029	USD		16,200,000		15,824,500			15,965,557		1,3,4
Bluesight, Inc.	Revolver	0.50%			7/17/2029	USD		3,700,000		(73,478	)		(54,866	)	1,2,3
Bottomline Technologies, Inc.	First Lien Term Loan	10.11%	SOFR	575	5/13/2028	USD		9,922,740		9,767,434			9,922,740		1,3,4
Bottomline Technologies, Inc.	First Lien Term Loan	9.61%	SOFR	525	5/13/2029	USD		20,000,000		19,804,134			19,804,076		1,3,4
Bounteous, Inc.	Delayed Draw	9.36%	SOFR	475	8/2/2027	USD		7,784,795		7,640,013			7,784,795		1,3,4
Bounteous, Inc.	Delayed Draw	1.00%			8/2/2027	USD		865,733		(27,393	)		-		1,2,3
Bounteous, Inc.	First Lien Term Loan	9.36%	SOFR	475	8/2/2027	USD		10,529,875		10,421,790			10,529,875		1,3,4
Bounteous, Inc.	Revolver	0.50%			8/2/2027	USD		1,800,000		-			-		1,2,3
BSP- FL Holdings, Inc.	Delayed Draw	1.00%			12/9/2030	USD		5,310,344		(66,040	)		(66,380	)	1,2,3,6
BSP- FL Holdings, Inc.	First Lien Term Loan	9.43%	SOFR	500	12/9/2030	USD		11,948,276		11,800,041			11,798,922		1,3,4,6
BSP- FL Holdings, Inc.	Revolver	0.50%			12/9/2030	USD		1,991,379		(24,635	)		(24,892	)	1,2,3,6
Bullhorn, Inc.	Delayed Draw	9.36%	SOFR	500	10/1/2029	USD		37,894,737		31,194,434			31,368,421		1,3,4,7
Bullhorn, Inc.	First Lien Term Loan	9.70%	SOFR	500	10/1/2029	GBP		25,000,000		31,249,239			31,469,079		1,3,4,5
Bullhorn, Inc.	Revolver	0.50%			10/1/2029	USD		2,105,263		(9,281	)		-		1,2,3
Bullhorn, Inc.	Delayed Draw	8.61%	EURIBOR	575	9/30/2026	EUR		35,000,000		38,027,890			36,290,657		1,3,4,5
Bullhorn, Inc.	First Lien Term Loan	8.61%	EURIBOR	575	9/30/2026	EUR		29,000,000		31,507,773			30,069,401		1,3,4,5
BusinesSolver.com, Inc.	Delayed Draw	9.93%	SOFR	550	12/1/2027	USD		2,457,579		420,143			437,146		1,3,4,7
BusinesSolver.com, Inc.	First Lien Term Loan	9.93%	SOFR	550	12/1/2027	USD		12,236,039		12,125,995			12,236,039		1,3,4
CAI TopCo, LLC	First Lien Term Loan	9.84%	SOFR	525	12/13/2028	USD		6,842,105		6,761,855			6,787,818		1,3,4
Captify Intermediate Holdings Corp.	Delayed Draw	9.70%, 3.50% PIK	SOFR	500	7/12/2026	USD		2,516,485		2,479,735			2,111,611		1,3,4,8

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Captify Intermediate Holdings Corp.	First Lien Term Loan	9.80%, 3.50% PIK	SOFR	500	7/12/2026	USD		8,684,704	$	8,633,247		$	7,287,431		1,3,4,8
CB Buyer, Inc.	Delayed Draw	1.00%			7/1/2031	USD		7,188,897		(69,369	)		-		1,2,3
CB Buyer, Inc.	First Lien Term Loan	9.61%	SOFR	525	7/1/2031	USD		25,518,364		25,275,830			25,444,507		1,3,4
CB Buyer, Inc.	Revolver	0.50%			7/1/2031	USD		2,803,398		(26,073	)		(8,114	)	1,2,3
Cdata Software, Inc.	Delayed Draw	10.57%	SOFR	625	7/18/2030	USD		3,041,086		1,621,489			1,619,362		1,3,4,7
Cdata Software, Inc.	First Lien Term Loan	10.57%	SOFR	625	7/18/2030	USD		32,843,726		32,299,976			32,268,961		1,3,4
Cdata Software, Inc.	Revolver	0.50%			7/18/2030	USD		3,649,303		(59,138	)		(63,863	)	1,2,3
CEB Acquisitionco, LLC	First Lien Term Loan	9.95%	SOFR	550	12/21/2027	USD		4,931,250		4,870,236			4,724,362		1,3,4
Cedar Services Group, LLC, Pine Services Group, LLC	Delayed Draw	9.83%	SOFR	550	10/4/2030	USD		4,446,920		4,386,790			4,498,060		1,3,4
Cedar Services Group, LLC, Pine Services Group, LLC	Delayed Draw	9.33%	SOFR	500	10/4/2030	USD		20,000,000		367,911			445,157		1,3,4,7
Cedar Services Group, LLC, Pine Services Group, LLC	First Lien Term Loan	9.83%	SOFR	550	10/4/2030	USD		10,484,417		10,317,789			10,471,612		1,3,4
Certinia Inc.	First Lien Term Loan	9.74%	SOFR	525	11/18/2031	USD		1,446,428		1,432,131			1,432,317		1,3,4
CF Newco, Inc.	First Lien Term Loan	10.68%	SOFR	625	12/10/2029	USD		10,540,378		10,435,899			10,434,975		1,3,4
CF Newco, Inc.	Revolver	10.68%	SOFR	625	12/10/2029	USD		405,399		401,381			401,345		1,3,4
CF Newco, Inc.	Revolver	10.58%	SOFR	625	12/10/2029	USD		162,160		162,083			160,538		1,3,4
CF Newco, Inc.	Revolver	0.50%			12/10/2029	USD		243,240		(2,403	)		(2,432	)	1,2,3
Chase Intermediate, LLC	Delayed Draw	9.34%	SOFR	475	8/31/2030	USD		44,952,412		17,669,458			17,757,743		1,3,4,7
Chase Intermediate, LLC	Revolver	0.50%			8/31/2030	USD		2,250,000		-			(27,763	)	1,2,3
Cleo Communications Holding, LLC	First Lien Term Loan	9.96%	SOFR	550	6/7/2027	USD		12,795,700		12,667,743			12,795,700		1,3,4
Cleo Communications Holding, LLC	Revolver	0.50%			6/7/2027	USD		2,140,000		(21,400	)		-		1,2,3
Conservice Midco, LLC	Second Lien Term Loan	9.61%	SOFR	525	5/13/2028	USD		2,631,579		2,618,426			2,630,646		1,3,4
Contractual Buyer, LLC	Revolver	10.37%	SOFR	600	10/10/2029	USD		3,000,000		1,425,000			1,500,000		1,3,4,7
Contractual Buyer, LLC	First Lien Term Loan	10.36%	SOFR	600	10/10/2030	USD		26,118,750		25,544,125			26,204,942		1,3,4
Corel Corporation	First Lien Term Loan	9.60%	SOFR	500	7/2/2026	USD		4,125,957		4,039,317			3,489,033		1,4
Coreweave Compute Acquisition Co. II, LLC	Delayed Draw	10.33%	SOFR	600	4/16/2030	USD		10,000,001		4,909,859			5,137,658		1,3,4,7
Coupa Holdings, LLC	Revolver	0.50%			2/27/2029	USD		3,076,772		-			(24,720	)	1,2,3
Coupa Holdings, LLC	Delayed Draw	1.00%			2/27/2030	USD		2,167,258		-			(17,413	)	1,2,3
Coupa Holdings, LLC	First Lien Term Loan	10.09%	SOFR	550	2/27/2030	USD		44,892,419		44,332,385			44,531,735		1,3,4
Coupa Holdings, LLC	Delayed Draw	1.00%			2/28/2029	USD		1,851,039		-			(14,872	)	1,2,3
CPEX Purchaser, LLC	Delayed Draw	10.34%	SOFR	600	3/5/2034	USD		828,252		439,555			428,008		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
CPEX Purchaser, LLC	First Lien Term Loan	10.34%	SOFR	600	3/5/2034	USD		7,342,657	$	7,202,825		$	7,240,295		1,3,4
CPEX Purchaser, LLC	Revolver	0.50%			3/5/2034	USD		2,181,818		(40,012	)		(30,416	)	1,2,3
Crewline Buyer, Inc.	First Lien Term Loan	11.11%	SOFR	675	11/8/2030	USD		51,724,937		50,572,285			50,466,164		1,3,4
Crewline Buyer, Inc.	Revolver	0.50%			11/8/2030	USD		5,222,499		(109,664	)		(127,094	)	1,2,3
CrossLink Professional Tax Solutions, LLC	First Lien Term Loan	9.86%	SOFR	550	6/30/2028	USD		9,620,706		9,500,304			9,452,344		1,3,4
CrossLink Professional Tax Solutions, LLC	Revolver	9.84%	SOFR	550	6/30/2028	USD		1,456,012		220,343			217,188		1,3,4,7
Cyara AcquisitionCo, LLC	First Lien Term Loan	8.33%, 2.25% PIK	SOFR	400	6/28/2029	USD		2,973,301		2,946,828			2,943,349		1,3,4,8
DataLink, LLC	First Lien Term Loan	11.49%	SOFR	675	11/20/2026	USD		6,003,982		5,898,831			857,556		1,3,4
DataLink, LLC	Revolver	0.50%			11/20/2026	USD		846,774		-			(725,828	)	1,2,3
DCert Buyer, Inc.	Second Lien Term Loan	11.36%	SOFR	700	2/24/2029	USD		12,500,000		12,468,769			10,187,500		1,4
Denali Bidco, Ltd.	Delayed Draw	8.43%	EURIBOR	575	8/29/2030	EUR		2,168,275		2,284,729			2,272,713		1,3,4,5
Denali Bidco, Ltd.	Delayed Draw	1.00%			8/29/2030	GBP		2,782,931		1,129,208			1,227,311		1,2,3,5
Denali Bidco, Ltd.	First Lien Term Loan	10.45%	SONIA	575	8/29/2030	GBP		5,343,228		6,588,520			6,689,738		1,3,4,5
Denali Bidco, Ltd.	First Lien Term Loan	8.43%	EURIBOR	575	8/29/2030	EUR		1,818,182		1,924,452			1,886,736		1,3,4,5
Denali Bidco, Ltd.	First Lien Term Loan	7.93%	EURIBOR	525	8/29/2030	EUR		3,042,672		3,182,738			3,147,223		1,3,4,5
Dental Care Alliance, LLC	First Lien Term Loan	10.73%	SOFR	641	4/3/2028	USD		2,115		2,088			2,069		1,3,4
Diamondback Acquisition, Inc.	First Lien Term Loan	9.96%	SOFR	550	9/13/2028	USD		24,433,249		24,127,371			24,214,929		1,3,4
Diligent Corporation	Delayed Draw	9.57%	SOFR	500	8/24/2025	USD		869,216		853,600			869,216		1,3,4
Diligent Corporation	First Lien Term Loan	10.09%	SOFR	500	8/4/2025	USD		10,088,000		9,987,156			10,088,000		1,3,4
Diligent Corporation	Delayed Draw	1.00%			8/4/2030	USD		5,728,244		(38,431	)		-		1,2,3
Diligent Corporation	First Lien Term Loan	10.09%	SOFR	500	8/4/2030	USD		17,830,205		17,707,036			17,830,205		1,3,4
Diligent Corporation	Revolver	0.50%			8/4/2030	USD		2,484,335		(16,668	)		-		1,2,3
Disco Parent, LLC	First Lien Term Loan	12.01%	SOFR	750	3/30/2029	USD		3,877,779		3,801,855			3,803,363		1,3,4
Disco Parent, LLC	Revolver	0.50%			3/30/2029	USD		331,390		(8,285	)		(6,359	)	1,2,3
Dragon Bidco	First Lien Term Loan	10.37%	EURIBOR	650	4/27/2028	EUR		9,300,000		9,569,662			9,633,312		1,3,4,5
DT Intermediate Holdco	Delayed Draw	1.00%			2/24/2028	USD		8,489,450		(81,690	)		(33,364	)	1,2,3,6
Eagleview Technology	Second Lien Term Loan	11.98%	SOFR	750	8/14/2026	USD		3,659,574		3,585,431			3,659,574		1,3,4
Easypark Strategy AB	Delayed Draw	1.00%			12/19/2030	EUR		9,452,689		(147,040	)		(214,273	)	1,2,3,5
Easypark Strategy AB	First Lien Term Loan	9.27%	SOFR	500	12/19/2030	NOK		128,585,764		11,180,603			11,126,463		1,3,4,5
Easypark Strategy AB	First Lien Term Loan	9.27%	SOFR	500	12/19/2030	USD		25,018,905		24,645,216			24,643,622		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Easypark Strategy AB	First Lien Term Loan	7.65%	EURIBOR	500	12/19/2030	EUR		41,024,672	$	42,148,576		$	41,857,573		1,3,4,5
Eclipse Buyer, Inc.	Delayed Draw	1.00%			9/6/2031	USD		1,950,185		(19,136	)		(8,389	)	1,2,3,6
Eclipse Buyer, Inc.	Delayed Draw	1.00%			9/6/2031	USD		8,258,441		(80,713	)		(35,525	)	1,2,3
Eclipse Buyer, Inc.	First Lien Term Loan	9.08%	SOFR	475	9/6/2031	USD		11,506,089		11,394,108			11,399,022		1,3,4,6
Eclipse Buyer, Inc.	First Lien Term Loan	9.08%	SOFR	475	9/6/2031	USD		48,724,800		48,253,207			48,271,406		1,3,4
Eclipse Buyer, Inc.	Revolver	0.50%			9/6/2031	USD		4,189,944		(40,005	)		(38,988	)	1,2,3
Edmunds GovTech, Inc.	Delayed Draw	1.00%			2/26/2031	USD		10,714,286		(201,565	)		-		1,2,3
Edmunds GovTech, Inc.	First Lien Term Loan	9.33%	SOFR	500	2/26/2031	USD		9,262,500		9,093,237			9,262,500		1,3,4
Empyrean Solutions LLC	Delayed Draw	1.00%			11/26/2031	USD		4,976,959		(49,651	)		(49,770	)	1,2,3,6
Empyrean Solutions LLC	First Lien Term Loan	9.08%	SOFR	475	11/26/2031	USD		12,442,396		12,318,386			12,317,972		1,3,4,6
Empyrean Solutions LLC	Revolver	0.50%			11/26/2031	USD		1,866,359		(18,576	)		(18,664	)	1,2,3,6
Enverus Holdings, Inc.	Delayed Draw	1.00%			12/31/2029	USD		2,265,810		(31,158	)		-		1,2,3
Enverus Holdings, Inc.	Delayed Draw	1.00%			12/31/2029	USD		1,929,571		(35,584	)		-		1,2,3,6
Enverus Holdings, Inc.	First Lien Term Loan	9.86%	SOFR	550	12/31/2029	USD		45,089,620		44,500,314			45,089,620		1,3,4
Enverus Holdings, Inc.	First Lien Term Loan	9.86%	SOFR	550	12/31/2029	USD		38,398,456		37,722,858			38,398,456		1,3,4,6
Enverus Holdings, Inc.	Revolver	9.86%	SOFR	550	12/31/2029	USD		3,447,972		177,052			220,083		1,3,4,7
Enverus Holdings, Inc.	Revolver	9.86%	SOFR	550	12/31/2029	USD		2,894,356		135,961			184,746		1,3,4,6,7
ESG Investments, Inc.	Delayed Draw	8.98%	SOFR	450	3/11/2028	USD		7,975,848		5,405,423			5,484,777		1,3,4,7
ESG Investments, Inc.	First Lien Term Loan	8.98%	SOFR	450	3/11/2028	USD		15,147,321		14,995,848			15,147,321		1,3,4
ESG Investments, Inc.	Revolver	0.50%			9/11/2027	USD		2,142,857		(21,429	)		-		1,2,3
Evergreen Services Group II	Delayed Draw	9.83%	SOFR	550	10/4/2030	USD		20,057,014		19,756,159			20,287,670		1,3,4
Evergreen Services Group II	First Lien Term Loan	9.83%	SOFR	550	10/4/2030	USD		24,812,506		24,440,318			25,097,850		1,3,4
Evergreen Services Group II	Revolver	9.83%	SOFR	550	10/4/2030	USD		4,861,111		652,778			652,778		1,3,4,7
Evergreen Services Group II	First Lien Term Loan	13.75% PIK			4/5/2031	USD		16,522,951		16,299,048			16,158,621		1,3,4,8
Evergreen Services Group II	Delayed Draw	13.75% PIK			6/15/2029	USD		6,697,406		6,611,670			6,549,729		1,3,4,8
Evergreen Services Group II	Delayed Draw	13.75%	PRIME	575	6/15/2029	USD		2,400,000		2,369,288			2,347,080		1,3,4
Expereo USA, Inc.	Delayed Draw	1.00%			12/13/2030	USD		836,655		(8,331	)		(8,367	)	1,2,3,6
Expereo USA, Inc.	First Lien Term Loan	10.40%	SOFR	600	12/13/2030	USD		3,600,730		3,564,939			3,564,723		1,3,4,6
Expereo USA, Inc.	Revolver	0.50%			12/13/2030	USD		268,370		(2,661	)		(2,684	)	1,2,3,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
FBF Investments Limited	First Lien Term Loan	11.83%	SOFR	750	12/29/2026	USD		7,000,000	$	6,946,104		$	6,794,112		1,3,4
Financial-Information-Technologies, LLC	First Lien Term Loan	9.58%	SOFR	525	12/15/2030	USD		14,962,360		14,761,801			15,110,487		1,3,4
Finastra USA, Inc.	First Lien Term Loan	11.65%	SOFR	725	9/13/2029	USD		66,006,124		64,889,403			66,006,124		1,3,4
Finastra USA, Inc.	Revolver	0.50%			9/13/2029	USD		6,864,661		(137,293	)		-		1,2,3
FL Hawk Intermediate Holdings, Inc.	First Lien Term Loan	8.83%	SOFR	450	2/22/2030	USD		4,893,517		4,845,887			4,846,979		1,3,4,6
FSS Buyer LLC	Revolver	0.50%			8/31/2027	USD		1,610,390		-			-		1,2,3
FSS Buyer LLC	First Lien Term Loan	9.36%	SOFR	500	8/31/2028	USD		26,700,866		26,395,900			26,807,670		1,3,4
Fullsteam Operations LLC	Delayed Draw	13.12%	SOFR	825	11/27/2029	USD		61,029		59,373			61,639		1,3,4
Fullsteam Operations LLC	Delayed Draw	12.91%	SOFR	825	11/27/2029	USD		2,115,718		2,059,404			2,136,875		1,3,4
Fullsteam Operations LLC	Delayed Draw	12.90%	SOFR	825	11/27/2029	USD		1,463		1,423			1,478		1,3,4
Fullsteam Operations LLC	Delayed Draw	12.73%	SOFR	825	11/27/2029	USD		85,581		83,295			86,436		1,3,4
Fullsteam Operations LLC	Delayed Draw	12.71%	SOFR	825	11/27/2029	USD		16,024		15,589			16,184		1,3,4
Fullsteam Operations LLC	Delayed Draw	11.65%	SOFR	700	11/27/2029	USD		458,724		452,373			452,216		1,3,4
Fullsteam Operations LLC	Delayed Draw	1.00%			11/27/2029	USD		5,153,128		(73,508	)		(73,103	)	1,2,3
Fullsteam Operations LLC	First Lien Term Loan	12.91%	SOFR	825	11/27/2029	USD		5,015,593		4,883,863			5,065,749		1,3,4
Fullsteam Operations LLC	Revolver	0.50%			11/27/2029	USD		280,593		(6,917	)		-		1,2,3
Gainsight, Inc.	First Lien Term Loan	3.91%, 6.75% PIK	SOFR	600	7/30/2027	USD		26,332,099		26,143,080			26,332,099		1,3,4,8
Gainsight, Inc.	Revolver	3.91%, 6.75% PIK	SOFR	600	7/30/2027	USD		2,771,893		1,421,893			1,421,893		1,3,4,7,8
Gigamon, Inc.	First Lien Term Loan	10.55%	SOFR	575	3/9/2029	USD		11,613		11,405			11,613		1,3,4
Goldcup 25952 AB	First Lien Term Loan	7.70%	STIBOR	500	8/18/2027	SEK		11,250,000		1,268,826			959,755		1,3,4,5,6
GovBrands Intermediate, Inc.	Delayed Draw	9.98%	SOFR	550	8/4/2027	USD		1,902,197		1,896,357			1,842,164		1,3,4
GovBrands Intermediate, Inc.	First Lien Term Loan	9.98%	SOFR	550	8/4/2027	USD		8,454,520		8,369,975			8,187,698		1,3,4
GovBrands Intermediate, Inc.	Revolver	9.98%	SOFR	550	8/4/2027	USD		917,000		315,856			286,915		1,3,4,7
Govcio Buyer Co.	First Lien Term Loan	9.57%	SOFR	500	7/9/2031	USD		62,500		61,750			61,876		1,3,4
GovDelivery Holdings, LLC	Delayed Draw	7.59%, 2.25% PIK	SOFR	300	1/17/2030	USD		9,000,000		6,400,272			6,452,432		1,3,4,7,8
GovDelivery Holdings, LLC	Delayed Draw	7.59%, 2.25% PIK	SOFR	300	1/17/2031	USD		10,020,439		9,937,872			9,983,065		1,3,4,8
GovDelivery Holdings, LLC	Delayed Draw	8.09%, 2.25% PIK	SOFR	350	1/17/2031	USD		10,306,741		8,809,520			8,868,046		1,3,4,7,8
GovDelivery Holdings, LLC	First Lien Term Loan	8.09%, 2.25% PIK	SOFR	350	1/17/2031	USD		58,676,400		58,148,380			58,457,549		1,3,4,8

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
GovDelivery Holdings, LLC	First Lien Term Loan	8.09%, 2.25% PIK	SOFR	350	1/17/2031	USD		38,397,770	$	38,053,480		$	38,254,554		1,3,4,6,8
GovDelivery Holdings, LLC	Revolver	12.00%	PRIME	525	1/17/2031	USD		1,000,878		992,030			997,144		1,3,4
GovDelivery Holdings, LLC	Revolver	11.75%	PRIME	525	1/17/2031	USD		417,544		106,874			108,969		1,3,4,7
GovDelivery Holdings, LLC	Revolver	11.75%	PRIME	525	1/17/2031	USD		200,679		198,916			199,930		1,3,4,6
GovDelivery Holdings, LLC	Revolver	9.61%	SOFR	525	1/17/2031	USD		7,024,561		209,277			243,976		1,3,4,7
GovDelivery Holdings, LLC	Revolver	9.61%	SOFR	525	1/17/2031	USD		4,816,286		640,232			664,343		1,3,4,6,7
GovernmentJobs.com, Inc.	First Lien Term Loan	9.33%	SOFR	500	12/1/2028	USD		8,644,850		8,565,080			8,613,473		1,3,4,6
GovernmentJobs.com, Inc.	First Lien Term Loan	9.33%	SOFR	500	12/2/2027	USD		228,983		226,934			228,151		1,3,4,6
GovernmentJobs.com, Inc.	Revolver	0.50%			12/2/2027	USD		1,264,680		(11,086	)		(4,590	)	1,2,3,6
Govos, Inc.	First Lien Term Loan	10.75%	SOFR	600	7/25/2029	USD		10,036,759		9,850,456			9,886,381		1,3,4
Govos, Inc.	Revolver	0.50%			7/25/2029	USD		498,000		(9,112	)		(9,455	)	1,2,3
Gray Matter Systems	Delayed Draw	1.00%			5/1/2030	USD		609,400		(11,530	)		(12,188	)	1,2,3
Gray Matter Systems	First Lien Term Loan	9.58%	SOFR	525	5/1/2030	USD		1,662,000		1,631,490			1,628,760		1,3,4
Gray Matter Systems	Revolver	0.50%			5/1/2030	USD		466,500		(8,313	)		(9,330	)	1,2,3
GS Acquisitionco, Inc.	Delayed Draw	9.58%	SOFR	525	12/2/2026	USD		3,976,000		2,881,995			2,882,374		1,3,4,7
GS Acquisitionco, Inc.	Revolver	9.58%	SOFR	525	12/2/2026	USD		590,393		192,070			191,880		1,3,4,7
GS Acquisitionco, Inc.	First Lien Term Loan	9.58%	SOFR	525	5/25/2026	USD		8,102,913		8,075,206			8,071,069		1,3,4
GS Acquisitionco, Inc.	Delayed Draw	9.58%	SOFR	525	5/25/2028	USD		224,000		223,140			223,120		1,3,4
GS Acquisitionco, Inc.	First Lien Term Loan	9.58%	SOFR	525	5/25/2028	USD		24,845,365		24,740,565			24,747,723		1,3,4
GS Acquisitionco, Inc.	Revolver	9.58%	SOFR	525	5/25/2028	USD		459,607		457,933			457,800		1,3,4
GS Acquisitionco, Inc.	Revolver	0.50%			5/30/2026	USD		690,589		-			(2,714	)	1,2,3
GS XX Corporation	First Lien Term Loan	9.08%	SOFR	475	4/19/2029	USD		2,216,000		2,176,612			2,171,680		1,3,4
GS XX Corporation	Revolver	0.50%			4/19/2029	USD		311,000		(5,362	)		(6,220	)	1,2,3
HealthEdge Software, Inc.	Delayed Draw	9.15%	SOFR	475	7/16/2031	USD		1,472,000		1,457,774			1,465,668		1,3,4
HealthEdge Software, Inc.	First Lien Term Loan	9.13%	SOFR	475	7/16/2031	USD		3,336,000		3,304,650			3,304,958		1,3,4
HealthEdge Software, Inc.	Revolver	0.50%			7/16/2031	USD		442,000		(4,154	)		(4,113	)	1,2,3
Heavy Construction Systems Specialist, LLC	First Lien Term Loan	9.83%	SOFR	550	11/16/2028	USD		19,650,000		19,426,109			19,650,000		1,3,4
Heavy Construction Systems Specialist, LLC	First Lien Term Loan	9.58%	SOFR	525	11/16/2028	USD		9,950,000		9,863,890			9,950,000		1,3,4
Help Systems Holdings, Inc.	First Lien Term Loan	8.69%	SOFR	400	11/19/2026	USD		9,579,949		9,508,177			8,470,782		1,4
Help Systems Holdings, Inc.	Second Lien Term Loan	11.44%	SOFR	675	11/19/2027	USD		10,000,000		10,000,019			8,091,360		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Homecare Software Solutions LLC	Delayed Draw	7.00%, 2.93% PIK	SOFR	263	6/14/2031	USD		3,679,245	$	3,644,234		$	3,646,472		1,3,4,8
Homecare Software Solutions LLC	First Lien Term Loan	7.00%, 2.93% PIK	SOFR	263	6/14/2031	USD		26,587,234		26,331,486			26,350,972		1,3,4,8
Homecare Software Solutions LLC	Revolver	0.50%			6/14/2031	USD		1,415,094		(13,063	)		(12,605	)	1,2,3
HPS Technology	Delayed Draw	9.95%	SONIA	470	3/9/2029	GBP		20,694,840		25,132,218			25,907,412		1,3,4,5,6
HPS Technology	Delayed Draw	9.73%	BBSW	525	3/9/2029	AUD		2,835,714		1,909,558			1,755,208		1,3,4,5,6
HPS Technology	First Lien Term Loan	9.95%	SONIA	470	9/15/2027	GBP		7,523,888		9,923,752			9,418,989		1,3,4,5,6
HS4 Acquisitonco Inc.	First Lien Term Loan	10.19%	SOFR	575	7/9/2025	USD		1,935,000		1,923,270			1,897,177		1,3,4
Hyland Software, Inc.	Revolver	0.50%			9/19/2029	USD		2,262,444		(33,936	)		-		1,2,3
Hyland Software, Inc.	First Lien Term Loan	10.36%	SOFR	600	9/19/2030	USD		47,379,525		46,668,832			47,379,525		1,3,4
Icefall Parent, Inc.	First Lien Term Loan	10.86%	SOFR	650	1/26/2030	USD		13,458,155		13,219,135			13,458,155		1,3,4
Icefall Parent, Inc.	Revolver	0.50%			1/26/2030	USD		1,281,729		(21,736	)		-		1,2,3
Imagine Acquisitionco, Inc.	First Lien Term Loan	9.59%	SOFR	500	11/16/2027	USD		7,035,772		6,965,414			7,035,772		1,3,4
Imagine Acquisitionco, Inc.	Revolver	9.55%	SOFR	500	11/16/2027	USD		1,157,556		46,302			57,878		1,3,4,7
Infinite Bidco LLC	First Lien Term Loan	11.03%	CME	625	3/2/2028	USD		16,687,688		16,335,485			16,687,688		1,3,4
INTEL 471, Inc.	Delayed Draw	1.00%			9/27/2028	USD		9,687,500		(134,551	)		-		1,2,3
INTEL 471, Inc.	First Lien Term Loan	9.84%	SOFR	525	9/27/2028	USD		5,812,500		5,735,875			5,812,500		1,3,4
Invicti Intermediate 2, LLC	Revolver	0.50%			11/16/2027	USD		1,090,909		(21,818	)		(20,669	)	1,2,3,6
Ion Finance Holdings	Delayed Draw	10.85%	EURIBOR	750	9/30/2031	EUR		4,290,580		4,492,740			4,444,354		1,3,4,5
Ion Finance Holdings	First Lien Term Loan	10.85%	EURIBOR	750	9/30/2031	EUR		39,909,420		41,789,843			41,339,776		1,3,4,5
IQN Holding Corp.	Revolver	9.76%	SOFR	525	5/2/2028	USD		1,540,106		413,436			450,801		1,3,4,7
IQN Holding Corp.	Delayed Draw	1.00%			5/2/2029	USD		1,262,567		-			-		1,2,3
IQN Holding Corp.	First Lien Term Loan	9.76%	SOFR	525	5/2/2029	USD		7,231,880		7,156,147			7,231,880		1,3,4
Ivanti Software, Inc.	Second Lien Term Loan	11.82%	SOFR	725	12/1/2028	USD		7,000,000		6,832,370			4,553,294		1,3,4
Jigsaw Bidco AS	First Lien Term Loan	11.22%, 0.75% PIK	NOK	650	4/29/2025	NOK		14,964,661		1,635,472			1,283,601		1,3,4,5,6,8
Kaseya, Inc.	Delayed Draw	10.09% PIK			6/23/2029	USD		4,103,769		1,012,994			1,053,369		1,3,4,7,8
Kaseya, Inc.	First Lien Term Loan	10.09% PIK			6/23/2029	USD		68,058,693		67,059,146			68,058,693		1,3,4,8
Kaseya, Inc.	Revolver	9.83% PIK			6/23/2029	USD		4,106,519		1,036,009			1,036,009		1,3,4,7,8
KPA Parent Holdings, LLC	First Lien Term Loan	10.21%	SOFR	575	7/19/2026	USD		8,418,948		8,315,160			8,418,948		1,3,4,6
KPA Parent Holdings, LLC	Revolver	0.50%			7/19/2026	USD		1,301,731		(15,094	)		-		1,2,3,6
LabVantage Solutions, Inc.	First Lien Term Loan	9.59%	SOFR	525	12/23/2030	USD		5,884,000		5,796,006			5,795,740		1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
LabVantage Solutions, Inc.	Revolver	9.59%	SOFR	525	12/23/2030	USD		454,000	$	163,472		$	163,440		1,3,4,7
LeadsOnline, LLC	First Lien Term Loan	9.08%	SOFR	475	2/7/2028	USD		1,461,338		1,455,059			1,461,337		1,3,4
LeadsOnline, LLC	First Lien Term Loan	9.06%	SOFR	475	2/7/2028	USD		14,908,228		14,591,874			14,908,228		1,3,4
LeadsOnline, LLC	Revolver	0.50%			2/7/2028	USD		1,176,470		-			-		1,2,3
LeadVenture, Inc.	Delayed Draw	1.00%			2/28/2026	USD		2,514,887		(38,337	)		(21,336	)	1,2,3
LeadVenture, Inc.	First Lien Term Loan	9.36%	SOFR	500	2/28/2026	USD		23,802,031		23,666,975			23,600,094		1,3,4
LeadVenture, Inc.	Revolver	9.36%	SOFR	500	2/28/2026	USD		2,584,307		1,550,584			1,528,659		1,3,4,7
LeadVenture, Inc.	Delayed Draw	9.36%	SOFR	500	8/28/2026	USD		12,214,870		3,655,893			3,661,798		1,3,4,7
LeadVenture, Inc.	Revolver	0.50%			8/28/2026	USD		3,791,844		(31,610	)		(32,170	)	1,2,3
LeaseCrunch LLC	Delayed Draw	9.52%	SOFR	500	5/24/2029	USD		1,470,000		1,445,990			1,459,308		1,3,4
LeaseCrunch, LLC	First Lien Term Loan	9.43%	SOFR	500	5/24/2029	USD		2,932,650		2,886,173			2,892,897		1,3,4
LeaseCrunch, LLC	Revolver	0.50%			5/24/2029	USD		735,000		(11,335	)		(11,803	)	1,2,3
Litera Bidco LLC	Delayed Draw	9.36%	SOFR	500	5/1/2028	USD		10,825,135		3,615,906			3,618,816		1,3,4,7
Litera Bidco LLC	Delayed Draw	9.36%	SOFR	500	5/1/2028	USD		5,356,475		1,797,024			1,806,830		1,3,4,6,7
Litera Bidco LLC	First Lien Term Loan	9.36%	SOFR	500	5/1/2028	USD		1,852,642		1,844,598			1,849,998		1,3,4
Litera Bidco LLC	First Lien Term Loan	9.36%	SOFR	500	5/1/2028	USD		921,166		917,121			919,851		1,3,4,6
Litera Bidco LLC	Revolver	0.50%			5/1/2028	USD		341,799		(1,461	)		(488	)	1,2,3,6
Litera Bidco LLC	First Lien Term Loan	9.36%	SOFR	500	5/29/2026	USD		24,493,630		24,325,022			24,458,670		1,3,4
LogRhythm, Inc.	First Lien Term Loan	11.86%	SOFR	750	7/2/2029	USD		28,507,732		27,714,255			27,690,419		1,3,4
LogRhythm, Inc.	Revolver	0.50%			7/2/2029	USD		2,850,773		(77,229	)		(81,731	)	1,2,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Lytx, Inc.	First Lien Term Loan	9.48%	SOFR	500	2/28/2028	USD		35,000,000	$	34,582,594		$	35,000,000		1,3,4
Mandolin Technology Intermediate Holdings, Inc.	Second Lien Term Loan	10.98%	SOFR	650	7/30/2029	USD		20,500,000		20,365,000			20,500,000		1,3,4
ManTech International Corporation	Revolver	0.50%			9/14/2028	USD		6,744,017		-			-		1,2,3
ManTech International Corporation	Delayed Draw	1.00%			9/14/2029	USD		8,616,244		-			-		1,2,3
ManTech International Corporation	First Lien Term Loan	9.59%	SOFR	500	9/14/2029	USD		56,926,894		55,977,853			56,926,894		1,3,4
Marlin DTC-LS Midco 2, LLC	First Lien Term Loan	11.03%	SOFR	650	7/1/2025	USD		21,297,200		20,701,627			21,064,262		1,3,4
Mercury Bidco LLC	Revolver	0.50%			5/31/2029	USD		3,061,224		(71,429	)		(26,615	)	1,2,3
Mercury Bidco LLC	First Lien Term Loan	10.08%	SOFR	575	5/31/2030	USD		28,754,464		28,122,619			28,501,309		1,3,4
Metatiedot Bidco Oy	Delayed Draw	8.49%	EURIBOR	550	11/27/2031	EUR		151,999		1,714			(418	)	1,3,4,5,6,7
Metatiedot Bidco Oy	First Lien Term Loan	10.02%	SOFR	550	11/27/2031	USD		360,559		355,200			355,151		1,3,4,6
Metatiedot Bidco Oy	First Lien Term Loan	8.49%	EURIBOR	550	11/27/2031	EUR		481,352		497,902			491,125		1,3,4,5,6
Metatiedot Bidco Oy	Revolver	8.49%	EURIBOR	550	11/27/2031	EUR		100,178		14,138			13,243		1,3,4,5,6,7
MGT Merger Target, LLC	Revolver	14.00%	PRIME	650	4/10/2028	USD		3,103,448		1,163,793			1,163,793		1,3,4,7
MGT Merger Target, LLC	Delayed Draw	11.26%	SOFR	650	4/10/2029	USD		1,397,486		1,397,486			1,411,460		1,3,4
MGT Merger Target, LLC	Delayed Draw	10.21%	SOFR	585	4/10/2029	USD		13,207,874		5,806,327			5,898,296		1,3,4,7
MGT Merger Target, LLC	First Lien Term Loan	10.96%	SOFR	650	4/10/2029	USD		24,659,124		24,091,897			24,905,715		1,3,4
MGT Merger Target, LLC	First Lien Term Loan	10.21%	SOFR	585	4/10/2029	USD		14,253,320		14,003,755			14,094,570		1,3,4
Mindbody, Inc.	First Lien Term Loan	11.74%	SOFR	700	9/30/2025	USD		7,003,041		6,706,827			6,975,519		1,3,4
Mindbody, Inc.	Revolver	0.50%			9/30/2025	USD		1,428,571		-			(5,614	)	1,2,3
MIS Acquisition, LLC	First Lien Term Loan	11.27%	SOFR	675	11/17/2028	USD		29,642,667		28,906,343			29,121,411		1,3,4
MIS Acquisition, LLC	First Lien Term Loan	10.77%	SOFR	625	11/17/2028	USD		4,607,120		4,525,171			4,526,105		1,3,4
MIS Acquisition, LLC	Revolver	0.50%			11/17/2028	USD		2,133,333		(49,915	)		(34,545	)	1,2,3
Misys Ltd.	First Lien Term Loan	11.65%	SOFR	725	9/13/2029	USD		11,429,576		11,222,895			11,429,576		1,3,4,6
Misys Ltd.	Revolver	11.65%	SOFR	725	9/13/2029	USD		1,191,600		878,007			898,858		1,3,4,6,7
Monotype Imaging Holdings, Inc.	Delayed Draw	10.02%	SOFR	550	2/28/2031	USD		3,448,276		754,660			787,135		1,3,4,6,7
Monotype Imaging Holdings, Inc.	First Lien Term Loan	10.14%	SOFR	550	2/28/2031	USD		41,379,310		40,808,103			41,183,551		1,3,4,6
Monotype Imaging Holdings, Inc.	Revolver	0.50%			2/28/2031	USD		5,172,414		(68,871	)		(24,470	)	1,2,3,6
Mountain Parent, Inc.	Delayed Draw	1.00%			6/27/2031	USD		11,655,000		(112,283	)		(50,616	)	1,2,3
Mountain Parent, Inc.	First Lien Term Loan	9.33%	SOFR	500	6/27/2031	USD		57,109,500		56,567,826			56,861,479		1,3,4
Mountain Parent, Inc.	Revolver	0.50%			6/27/2031	USD		6,216,000		(57,693	)		(58,096	)	1,2,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
MyComplianceoffice, Inc.	First Lien Term Loan	11.83%	SOFR	750	12/29/2026	USD		1,638,298	$	1,595,585		$	1,590,111		1,3,4
Navex TopCo, Inc.	First Lien Term Loan	9.88%	SOFR	550	11/8/2030	USD		40,407,220		39,690,201			40,407,220		1,3,4,6
Netwrix Corporation And Concept Searching, Inc.	Delayed Draw	9.26%	SOFR	475	6/22/2027	USD		7,500,000		303,450			308,448		1,3,4,7
Netwrix Corporation And Concept Searching, Inc.	First Lien Term Loan	9.26%	SOFR	475	6/22/2027	USD		7,500,000		7,465,286			7,467,737		1,3,4
Netwrix Corporation And Concept Searching, Inc.	Delayed Draw	9.26%	SOFR	475	6/9/2029	USD		10,329,979		947,593			1,021,799		1,3,4,7
Netwrix Corporation And Concept Searching, Inc.	First Lien Term Loan	9.26%	SOFR	475	6/9/2029	USD		46,243,140		45,811,854			46,044,217		1,3,4
Netwrix Corporation And Concept Searching, Inc.	Revolver	0.50%			6/9/2029	USD		2,870,000		-			(12,346	)	1,2,3
New Era Merger Sub, Inc.	Delayed Draw	10.73%	SOFR	625	10/31/2026	USD		3,897,421		3,785,911			3,851,672		1,3,4
New Era Merger Sub, Inc.	First Lien Term Loan	10.73%	SOFR	625	10/31/2026	USD		3,029,445		2,969,361			2,993,884		1,3,4
New Era Merger Sub, Inc.	Revolver	11.03%	SOFR	625	10/31/2026	USD		376,426		376,426			372,007		1,3,4
North Star Acquisitionco LLC	Delayed Draw	9.08%	SOFR	500	5/3/2029	USD		1,831,999		1,780,739			1,829,384		1,3,4,6
North Star Acquisitionco LLC	First Lien Term Loan	9.08%	SOFR	500	5/3/2029	USD		20,000,844		19,684,399			19,972,297		1,3,4,6
North Star Acquisitionco LLC	Revolver	9.08%	SOFR	500	5/3/2029	USD		2,198,398		1,149,838			1,190,668		1,3,4,6,7
OEConnection LLC	Delayed Draw	1.00%			4/22/2031	USD		13,526,091		(128,755	)		(27,417	)	1,2,3
OEConnection LLC	First Lien Term Loan	9.36%	SOFR	525	4/22/2031	USD		77,715,500		76,992,053			77,169,213		1,3,4
OEConnection LLC	Revolver	0.50%			4/22/2031	USD		8,453,806		(76,424	)		(59,424	)	1,2,3
OneZero	Delayed Draw	1.00%			10/7/2031	USD		6,394,231		(62,883	)		(58,318	)	1,2,3
OneZero	First Lien Term Loan	9.59%	SOFR	500	10/7/2031	USD		36,538,462		36,181,553			36,205,214		1,3,4
OneZero	Revolver	0.50%			10/7/2031	USD		4,567,308		(44,164	)		(41,656	)	1,2,3
Optimizely North America Inc.	First Lien Term Loan	10.20%	SONIA	550	10/30/2031	GBP		4,147,198		5,325,143			5,142,624		1,3,4,5,6
Optimizely North America Inc.	First Lien Term Loan	9.36%	SOFR	500	10/30/2031	USD		32,134,290		31,818,311			31,830,006		1,3,4,6
Optimizely North America Inc.	First Lien Term Loan	8.11%	EURIBOR	525	10/30/2031	EUR		10,392,527		11,174,907			10,663,061		1,3,4,5,6
Optimizely North America Inc.	Revolver	0.50%			10/30/2031	USD		4,701,528		(45,889	)		(44,519	)	1,2,3,6
Oranje Holdco, Inc.	First Lien Term Loan	12.32%	SOFR	775	2/1/2029	USD		13,036,444		12,785,301			12,821,496		1,3,4
Oranje Holdco, Inc.	Revolver	0.50%			2/1/2029	USD		1,629,556		(40,739	)		(26,869	)	1,2,3
Oranje Holdco, Inc.	First Lien Term Loan	11.82%	SOFR	725	6/27/2030	USD		5,462,523		5,359,652			5,370,519		1,3,4
OSP Hamilton Purchaser, LLC	Delayed Draw	9.84%	SOFR	525	12/28/2029	USD		36,878,972		6,694,334			7,145,956		1,3,4,7
OSP Hamilton Purchaser, LLC	First Lien Term Loan	9.84%	SOFR	525	12/28/2029	USD		48,522,415		47,687,285			48,239,430		1,3,4
OSP Hamilton Purchaser, LLC	Revolver	9.84%	SOFR	525	12/28/2029	USD		7,000,000		2,685,085			2,759,175		1,3,4,7
OSP Lakeside Intermediate Holdings, LLC	First Lien Term Loan	12.45%, 0.75% PIK	SOFR	776	7/31/2026	USD		7,254,054		7,177,266			7,254,054		1,3,4,8

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Palmetto Technology Group, LLC	Delayed Draw	10.11%	SOFR	575	1/3/2029	USD		2,274,480	$	2,236,484		$	2,228,990		1,3,4
Palmetto Technology Group, LLC	First Lien Term Loan	10.11%	SOFR	575	1/3/2029	USD		1,145,105		1,125,804			1,122,203		1,3,4
Palmetto Technology Group, LLC	Revolver	9.86%	SOFR	575	1/3/2029	USD		514,000		387,206			385,500		1,3,4,7
Palmetto Technology Group, LLC	Delayed Draw	10.09%	SOFR	575	1/6/2029	USD		1,370,520		104,115			99,490		1,3,4,7
Park Place Technologies, LLC	Revolver	9.59%	SOFR	525	3/25/2030	USD		4,598,780		2,213,546			2,195,473		1,3,4,7
Park Place Technologies, LLC	Delayed Draw	1.00%			3/25/2031	USD		6,131,708		(58,052	)		(24,098	)	1,2,3
Park Place Technologies, LLC	First Lien Term Loan	9.61%	SOFR	525	3/25/2031	USD		39,171,337		38,810,183			39,017,394		1,3,4
PC Dreamscape Opco, Inc.	Delayed Draw	10.08%	SOFR	575	4/25/2028	USD		6,513,158		3,143,092			3,223,684		1,3,4,7
PC Dreamscape Opco, Inc.	First Lien Term Loan	10.08%	SOFR	575	4/25/2028	USD		11,832,895		11,682,516			11,817,190		1,3,4
PC Dreamscape Opco, Inc.	Revolver	0.50%			4/25/2028	USD		1,315,789		-			(1,746	)	1,2,3
PCS Software, Inc.	First Lien Term Loan	10.48%	SOFR	600	1/1/2026	USD		5,156,328		5,126,324			5,117,962		1,3,4
PCS Software, Inc.	Revolver	10.48%	SOFR	600	1/1/2026	USD		363,714		157,609			154,903		1,3,4,7
PDI TA Holdings, Inc.	Delayed Draw	10.00%	SOFR	525	2/3/2031	USD		7,600,000		5,234,163			5,304,800		1,3,4,7
PDI TA Holdings, Inc.	First Lien Term Loan	10.09%	SOFR	550	2/3/2031	USD		20,100,000		19,917,391			20,100,000		1,3,4
PDI TA Holdings, Inc.	First Lien Term Loan	10.09%	SOFR	550	2/3/2031	USD		15,953,590		15,808,246			15,953,590		1,3,4,6
PDI TA Holdings, Inc.	Revolver	0.50%			2/3/2031	USD		2,300,000		(20,088	)		-		1,2,3
PDI TA Holdings, Inc.	Delayed Draw	10.00%	SOFR	525	2/3/2031	USD		6,043,026		4,161,760			4,218,032		1,3,4,6,7
PDI TA Holdings, Inc.	Revolver	0.50%			2/3/2031	USD		1,812,908		(15,896	)		-		1,2,3,6
PDQ.com Corporation	First Lien Term Loan	9.41%	SOFR	475	10/12/2029	USD		18,157,895		17,711,257			18,013,825		1,3,4
PDQ.com Corporation	Delayed Draw	9.34%	SOFR	475	8/27/2027	USD		7,192,059		7,003,042			7,134,995		1,3,4
PDQ.com Corporation	Delayed Draw	1.00%			8/27/2027	USD		11,921,850		(119,219	)		(94,592	)	1,2,3
PDQ.com Corporation	First Lien Term Loan	9.34%	SOFR	475	8/27/2027	USD		10,498,824		10,402,893			10,415,523		1,3,4
PDQ.com Corporation	Revolver	0.50%			8/27/2027	USD		8,343,653		(30,882	)		(66,201	)	1,2,3
Penn TRGRP Holdings, LLC	Delayed Draw	6.08%, 6.00% PIK	SOFR	175	9/29/2030	USD		1,121,046		384,634			369,006		1,3,4,7,8
Penn TRGRP Holdings, LLC	First Lien Term Loan	6.08%, 6.00% PIK	SOFR	175	9/29/2030	USD		42,637,459		41,913,153			42,043,060		1,3,4,8
Penn TRGRP Holdings, LLC	Revolver	0.50%			9/29/2030	USD		6,289,245		(125,785	)		(87,677	)	1,2,3
Perforce Software, Inc.	First Lien Term Loan	8.21%	SOFR	375	7/1/2026	USD		1,157,660		1,133,190			1,145,441		1,3,4
Phoenix 1 Buyer Corporation	Revolver	0.50%			11/20/2029	USD		5,051,639		(82,954	)		-		1,2,3,6
Phoenix 1 Buyer Corporation	First Lien Term Loan	9.87%	SOFR	550	11/20/2030	USD		21,546,134		21,181,403			21,546,134		1,3,4,6
Ping Identity Holding Corp.	Revolver	0.50%			10/17/2028	USD		216,898		-			-		1,2,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Ping Identity Holding Corp.	First Lien Term Loan	9.08%	SOFR	475	10/17/2029	USD		2,136,176	$	2,136,176		$	2,136,176		1,3,4
PowerGEM Buyer, Inc.	Delayed Draw	9.51%	SOFR	500	11/8/2031	USD		9,845,765		9,809,387			9,814,103		1,3,4
PowerGEM Buyer, Inc.	Delayed Draw	9.46%	SOFR	500	11/8/2031	USD		10,000,000		401,041			405,308		1,3,4,7
PowerGEM Buyer, Inc.	First Lien Term Loan	9.51%	SOFR	500	11/8/2031	USD		2,586,685		2,577,123			2,578,367		1,3,4
PowerGEM Buyer, Inc.	Revolver	0.50%			11/8/2031	USD		3,500,000		(34,270	)		(33,142	)	1,2,3
ProcessUnity Holdings, LLC	Delayed Draw	11.01%	SOFR	650	9/24/2028	USD		1,000,000		987,500			990,000		1,3,4
ProcessUnity Holdings, LLC	First Lien Term Loan	11.10%	SOFR	675	9/24/2028	USD		1,250,000		1,237,586			1,237,500		1,3,4
ProcessUnity Holdings, LLC	First Lien Term Loan	11.01%	SOFR	650	9/24/2028	USD		7,250,000		7,142,217			7,177,500		1,3,4
ProcessUnity Holdings, LLC	Revolver	11.01%	SOFR	650	9/24/2028	USD		1,000,000		750,000			740,000		1,3,4,7
Project Leopard Holdings, Inc.	First Lien Term Loan	9.94%	SOFR	525	7/20/2029	USD		73,370,473		69,718,626			66,033,425		1,4,9
QBS Parent, Inc.	First Lien Term Loan	9.27%	SOFR	475	11/7/2031	USD		92,800,446		92,343,013			92,349,748		1,3,4,6
QBS Parent, Inc.	Revolver	0.50%			11/7/2031	USD		8,438,049		(41,288	)		(40,980	)	1,2,3,6
QF Holdings, Inc.	Delayed Draw	9.58%	SOFR	500	12/15/2027	USD		438,597		433,772			438,519		1,3,4
QF Holdings, Inc.	First Lien Term Loan	9.58%	SOFR	500	12/15/2027	USD		2,192,982		2,168,860			2,192,597		1,3,4
QF Holdings, Inc.	Revolver	9.52%	SOFR	475	12/15/2027	USD		201,754		114,035			114,000		1,3,4,7
Quantic Electronics, LLC	Delayed Draw	10.43%	SOFR	600	11/19/2026	USD		6,282,920		6,193,634			6,282,920		1,3,4
Quantic Electronics, LLC	First Lien Term Loan	10.43%	SOFR	600	11/19/2026	USD		8,874,394		8,772,416			8,874,394		1,3,4
Quantic Electronics, LLC	Revolver	10.43%	SOFR	600	11/19/2026	USD		928,397		835,558			835,558		1,3,4,7
Quest Software US Holdings, Inc.	Second Lien Term Loan	12.24%	SOFR	750	2/1/2030	USD		20,000,000		19,700,000			4,521,900		1,4
Questel International	First Lien Term Loan	8.83%	EURIBOR		12/17/2027	EUR		11,123,835		12,556,872			11,161,241		1,3,4,5,7
Rally Buyer, Inc.	Delayed Draw	10.10%	SOFR	575	7/19/2028	USD		5,316,866		5,226,505			4,790,324		1,3,4
Rally Buyer, Inc.	First Lien Term Loan	10.10%	SOFR	575	7/19/2028	USD		21,996,818		21,638,364			19,818,425		1,3,4
Rally Buyer, Inc.	Revolver	10.38%	SOFR	575	7/19/2028	USD		3,182,180		2,577,566			2,262,428		1,3,4,7
Ranger Buyer, Inc.	Revolver	0.50%			11/18/2027	USD		1,923,077		-			(16,620	)	1,2,3
Ranger Buyer, Inc.	First Lien Term Loan	9.08%	SOFR	475	11/18/2028	USD		24,423,077		24,180,620			24,212,008		1,3,4
RCS Technology	First Lien Term Loan	11.34%	SOFR	675	2/28/2025	USD		2,095,148		2,079,460			2,074,017		1,3,4,6
Recorded Future, Inc.	Delayed Draw	1.00%			6/28/2030	USD		863,500		(7,913	)		(3,394	)	1,2,3
Recorded Future, Inc.	Revolver	0.50%			6/28/2030	USD		535,227		(4,905	)		(2,103	)	1,2,3
Redwood Services Group, LLC	Delayed Draw	10.68%	SOFR	625	2/22/2031	USD		6,932,520		6,523,518			6,570,417		1,3,4,7
Redwood Services Group, LLC	Delayed Draw	10.68%	SOFR	625	6/15/2029	USD		33,736,092		33,061,096			33,694,776		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Redwood Services Group, LLC	First Lien Term Loan	10.68%	SOFR	625	6/15/2029	USD		39,886,575	$	39,298,811		$	39,886,575		1,3,4
Revalize, Inc.	Delayed Draw	10.49%	SOFR	575	4/15/2027	USD		25,069,282		24,857,980			24,742,385		1,3,4
Revalize, Inc.	Revolver	10.49%	SOFR	575	4/15/2027	USD		681,000		578,850			569,970		1,3,4,7
Ridge Trail US Bidco, Inc.	Revolver	8.83%	SOFR	450	3/30/2031	USD		1,968,504		503,060			502,928		1,3,4,7
Ridge Trail US Bidco, Inc.	Revolver	8.83%	SOFR	450	3/31/2031	USD		3,350,645		855,785			856,048		1,3,4,7
Ridge Trail US Bidco, Inc.	Delayed Draw	1.00%			9/30/2031	USD		15,957,447		(235,726	)		(231,583	)	1,2,3
Ridge Trail US Bidco, Inc.	First Lien Term Loan	8.83%	SOFR	450	9/30/2031	USD		46,276,595		45,597,144			45,605,005		1,3,4
Riskonnect Parent, LLC	Delayed Draw	9.58%	SOFR	525	12/7/2028	USD		20,457,896		19,680,142			20,238,234		1,3,4
Riskonnect Parent, LLC	Delayed Draw	9.48%	SOFR	500	12/7/2028	USD		30,650,633		30,300,340			30,650,633		1,3,4
Riskonnect Parent, LLC	Delayed Draw	1.00%			12/7/2028	USD		35,000,000		(638,863	)		(487,926	)	1,2,3
Riskonnect Parent, LLC	First Lien Term Loan	9.58%	SOFR	525	12/7/2028	USD		29,079,357		28,589,385			28,767,123		1,3,4
Riskonnect Parent, LLC	First Lien Term Loan	9.48%	SOFR	500	12/7/2028	USD		28,473,439		27,890,512			28,473,439		1,3,4
Riskonnect Parent, LLC	Revolver	0.50%			12/7/2028	USD		5,140,200		(82,689	)		(55,192	)	1,2,3
Runway Bidco, LLC	Delayed Draw	1.00%			12/17/2031	USD		13,149,349		(131,107	)		(131,493	)	1,2,3,6
Runway Bidco, LLC	First Lien Term Loan	9.33%	SOFR	500	12/17/2031	USD		52,926,141		52,399,060			52,396,880		1,3,4,6
Runway Bidco, LLC	Revolver	0.50%			12/17/2031	USD		6,611,573		(65,735	)		(66,116	)	1,2,3,6
Saab Purchaser, Inc.	Delayed Draw	1.00%			11/12/2031	USD		9,574,468		(94,818	)		(92,620	)	1,2,3
Saab Purchaser, Inc.	First Lien Term Loan	9.52%	SOFR	500	11/12/2031	USD		35,638,298		35,286,665			35,293,546		1,3,4
Saab Purchaser, Inc.	Revolver	0.50%			11/12/2031	USD		4,787,234		(46,947	)		(46,310	)	1,2,3
Safety Borrower Holdings	First Lien Term Loan	9.72%	SOFR	525	9/1/2027	USD		16,847,204		16,701,701			16,780,064		1,3,4
Safety Borrower Holdings	Revolver	12.75%	PRIME	425	9/1/2027	USD		677,966		169,499			166,556		1,3,4,7
SailPoint Technologies, Inc.	Revolver	10.48%	SOFR	625	8/16/2028	USD		603,840		108,691			120,768		1,3,4,6,7
Sapphire Software Buyer, Inc.	First Lien Term Loan	6.25%, 3.00% PIK	SOFR	675	9/30/2031	USD		15,591,628		15,439,652			15,446,545		1,3,4,8
Sapphire Software Buyer, Inc.	Revolver	0.50%			9/30/2031	USD		1,890,791		(18,232	)		(17,594	)	1,2,3
Securonix, Inc.	First Lien Term Loan	11.29%	SOFR	700	4/1/2028	USD		12,711,865		12,538,755			11,198,471		1,3,4
Securonix, Inc.	Revolver	11.29%	SOFR	700	4/1/2028	USD		2,288,135		5,791			(220,857	)	1,3,4,7
Seismic Software, Inc.	Delayed Draw	9.44%	SOFR	475	10/16/2028	USD		26,130,735		16,960,249			18,137,014		1,3,4,6,7
Seismic Software, Inc.	Revolver	0.50%			10/16/2028	USD		272,390		(5,448	)		-		1,2,3,6
Serrano Parent, LLC	First Lien Term Loan	10.92%	SOFR	650	5/12/2030	USD		7,336,245		7,191,927			7,197,251		1,3,4
Severin Acquisition, LLC	Delayed Draw	1.00%			10/1/2031	USD		13,385,827		(131,575	)		(124,832	)	1,2,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Severin Acquisition, LLC	First Lien Term Loan	7.11%, 2.25% PIK	SOFR	275	10/1/2031	USD		63,687,869	$	63,067,442		$	63,093,936		1,3,4,8
Severin Acquisition, LLC	Revolver	0.50%			10/1/2031	USD		8,031,496		(77,582	)		(74,900	)	1,2,3
SimpliSafe Holding Corporation	Delayed Draw	10.61%	SOFR	625	5/2/2028	USD		4,421,481		4,375,096			4,339,509		1,3,4
Sonar Acquisitionco, Inc.	Delayed Draw	9.85%	SOFR	550	10/24/2030	USD		22,641,510		5,060,180			5,065,844		1,3,4,7
Sonar Acquisitionco, Inc.	First Lien Term Loan	9.12%	BBSY	475	10/24/2030	AUD		22,398,486		14,946,795			13,730,900		1,3,4,5
Sonar Acquisitionco, Inc.	Revolver	0.50%			10/24/2030	USD		2,264,151		(21,939	)		(21,717	)	1,2,3
Spaceship Purchaser, Inc.	Delayed Draw	1.00%			10/17/2027	USD		1,406,885		(9,590	)		(9,485	)	1,2,3,6
Spaceship Purchaser, Inc.	First Lien Term Loan	9.78%	SOFR	500	10/17/2031	USD		6,951,666		6,883,582			6,885,271		1,3,4,6
Spaceship Purchaser, Inc.	Revolver	0.50%			10/17/2031	USD		927,593		(9,005	)		(8,859	)	1,2,3,6
Spark Purchaser, Inc.	Revolver	0.50%			4/1/2030	USD		1,351,351		(23,666	)		(26,098	)	1,2,3
Spark Purchaser, Inc.	First Lien Term Loan	9.83%	SOFR	550	4/1/2031	USD		8,648,649		8,488,575			8,481,624		1,3,4
Stamps.com, Inc.	First Lien Term Loan	10.94%	SOFR	575	10/5/2028	USD		9,750,000		9,580,340			9,443,269		1,3,4
SumUp Holdings MidCo S.A.R.L.	Delayed Draw	9.50%	EURIBOR	650	4/25/2031	EUR		88,695,000		75,789,806			72,698,610		1,3,4,5,7
Superman Holdings LLC	Delayed Draw	1.00%			8/29/2031	USD		4,367,931		(21,323	)		(18,519	)	1,2,3,6
Superman Holdings LLC	First Lien Term Loan	8.86%	SOFR	450	8/29/2031	USD		13,697,833		13,631,685			13,639,756		1,3,4,6
Superman Holdings LLC	Revolver	0.50%			8/29/2031	USD		1,934,236		(9,214	)		(8,201	)	1,2,3,6
Syntax Systems Ltd	First Lien Term Loan	9.44%	SOFR	500	10/29/2028	USD		2,561,807		2,544,303			2,537,969		1,3,4
Syntax Systems Ltd.	First Lien Term Loan	9.46%	SOFR	500	10/29/2028	USD		29,382,749		29,067,566			29,109,336		1,3,4
Syntax Systems Ltd.	First Lien Term Loan	9.40%	SOFR	500	10/29/2028	USD		1,258,240		1,246,230			1,246,532		1,3,4
Tamarack Intermediate, LLC	First Lien Term Loan	10.30%	SOFR	575	3/11/2028	USD		18,060,840		17,835,907			17,604,751		1,3,4
Tamarack Intermediate, LLC	Delayed Draw	10.47%	SOFR	575	3/13/2028	USD		8,528,014		8,315,051			8,312,657		1,3,4
Tamarack Intermediate, LLC	First Lien Term Loan	10.30%	SOFR	575	3/13/2028	USD		1,849,301		1,813,555			1,802,601		1,3,4
Tamarack Intermediate, LLC	Revolver	0.50%			3/13/2028	USD		3,023,437		-			(76,351	)	1,2,3
Tamarack Intermediate, LLC	First Lien Term Loan	10.33%	SOFR	575	6/10/2030	USD		1,791,681		1,774,979			1,746,436		1,3,4
Tango Bidco SAS	Delayed Draw	10.71%	EURIBOR	800	10/17/2031	EUR		26,458,952		3,213,922			2,246,520		1,3,4,5,7
Tango Bidco SAS	First Lien Term Loan	11.06%	EURIBOR	800	10/17/2031	EUR		10,727,273		11,388,074			10,894,443		1,3,4,5
Tango Bidco SAS	First Lien Term Loan	8.14%	EURIBOR	500	10/17/2031	EUR		52,829,787		56,418,420			53,977,347		1,3,4,5
TCP Hawker Intermediate LLC	Delayed Draw	1.00%			8/30/2029	USD		1,695,721		(16,762	)		(16,957	)	1,2,3,6

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
TCP Hawker Intermediate LLC	First Lien Term Loan	9.60%	SOFR	500	8/30/2029	USD		389,990	$	386,162		$	386,090		1,3,4,6
TCP Hawker Intermediate LLC	Revolver	10.50%	PRIME	275	8/30/2029	USD		32		32			32		1,3,4,6
TCP Hawker Intermediate LLC	Revolver	8.11%	SOFR	375	8/30/2029	USD		565		559			559		1,3,4,6
TCP Hawker Intermediate LLC	Revolver	0.50%			8/30/2029	USD		403		(4	)		(4	)	1,2,3,6
Thrive Buyer, Inc.	Delayed Draw	10.48%	SOFR	600	1/22/2027	USD		1,970,579		1,970,579			1,970,579		1,3,4
Thrive Buyer, Inc.	First Lien Term Loan	10.76%	SOFR	625	1/22/2027	USD		11,496,774		11,279,954			11,428,574		1,3,4
Thrive Buyer, Inc.	First Lien Term Loan	10.48%	SOFR	600	1/22/2027	USD		2,629,046		2,629,046			2,629,046		1,3,4
Thrive Buyer, Inc.	First Lien Term Loan	9.51%	SOFR	500	1/22/2027	USD		880,915		875,452			875,452		1,3,4
Thrive Buyer, Inc.	First Lien Term Loan	9.26%	SOFR	475	1/22/2027	USD		917,698		911,478			911,814		1,3,4
Thrive Buyer, Inc.	Revolver	10.48%	SOFR	600	1/22/2027	USD		388,488		258,992			258,992		1,3,4,7
Thunder Purchase, Inc.	Revolver	10.25%	SOFR	550	6/30/2027	USD		1,371,868		990,315			1,005,383		1,3,4,6,7
Thunder Purchase, Inc.	Revolver	10.08%	SOFR	550	6/30/2027	USD		587,943		573,750			582,064		1,3,4,6,7
Thunder Purchase, Inc.	Delayed Draw	1.00%			6/30/2028	USD		2,951,236		(29,069	)		(29,091	)	1,2,3,6
Thunder Purchaser, Inc.	First Lien Term Loan	9.73%	SOFR	525	6/30/2028	USD		1,239,519		1,227,436			1,227,301		1,3,4,6
TigerConnect, Inc.	Delayed Draw	8.08%, 3.38% PIK	SOFR	338	10/31/2030	USD		1,643,906		1,072,028			1,072,028		1,3,4,7,8
TigerConnect, Inc.	Delayed Draw	1.00%			11/19/2030	USD		30,000		-			-		1,2,3
TigerConnect, Inc.	First Lien Term Loan	7.98%, 3.38% PIK	SOFR	338	11/19/2030	USD		750,000		738,899			738,902		1,3,4,8
TigerConnect, Inc.	First Lien Term Loan	8.09%, 3.38% PIK	SOFR	338	2/16/2028	USD		13,125,000		12,930,132			12,930,787		1,3,4,8
TigerConnect, Inc.	Revolver	0.50%			2/16/2028	USD		1,875,000		(42,188	)		(27,745	)	1,2,3
Togetherwork Holdings, LLC	Delayed Draw	9.36%	SOFR	500	5/19/2031	USD		6,000,000		855,154			861,938		1,3,4,7
Togetherwork Holdings, LLC	First Lien Term Loan	9.36%	SOFR	500	5/19/2031	USD		26,000,000		25,890,660			25,915,146		1,3,4
Trackforce Acquireco, Inc.	First Lien Term Loan	10.08%	SOFR	575	6/23/2028	USD		18,053,004		17,809,726			18,053,004		1,3,4,6
Trackforce Acquireco, Inc.	Revolver	10.60%	SOFR	600	6/23/2028	USD		1,113,074		667,845			667,845		1,3,4,6,7
Tribute Technology Holdings, LLC	Revolver	10.86%	SOFR	650	10/30/2026	USD		4,882,979		2,487,064			2,320,968		1,3,4,6,7
Trident Maritime Systems, Inc.	First Lien Term Loan	11.93%	SOFR	750	2/26/2027	USD		16,900,674		16,759,639			16,208,256		1,3,4
Trident Maritime Systems, Inc.	Revolver	11.94%	SOFR	750	2/26/2027	USD		1,666,666		1,662,777			1,598,384		1,3,4
Trimech Acquisition Corp	Revolver	11.75%	PRIME	375	3/10/2028	USD		576,116		27,591			29,419		1,3,4,6,7
Trintech, Inc.	First Lien Term Loan	9.86%	SOFR	550	7/25/2029	USD		45,153,569		44,042,762			43,999,750		1,3,4
Trintech, Inc.	Revolver	9.86%	SOFR	550	7/25/2029	USD		3,499,534		894,881			910,443		1,3,4,7

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
TSO Buyer, Inc. & Global Tracking Communications, LLC	Delayed Draw	10.36%	SOFR	600	3/29/2029	USD		257,000	$	252,054		$	251,860		1,3,4
TSO Buyer, Inc. & Global Tracking Communications, LLC	First Lien Term Loan	10.36%	SOFR	600	3/29/2029	USD		6,762,854		6,662,924			6,627,598		1,3,4
TSO Buyer, Inc. & Global Tracking Communications, LLC	First Lien Term Loan	10.33%	SOFR	600	3/29/2029	USD		2,574,000		2,522,778			2,522,520		1,3,4
TSO Buyer, Inc. & Global Tracking Communications, LLC	Revolver	10.85%	SOFR	625	3/29/2029	USD		1,558,500		21,615			19,330		1,3,4,7
TSYL Corporate Buyer, Inc.	Delayed Draw	9.51%	SOFR	500	12/19/2028	USD		7,154,235		7,059,684			7,131,586		1,3,4
TSYL Corporate Buyer, Inc.	First Lien Term Loan	9.51%	SOFR	500	12/19/2028	USD		1,868,315		1,849,289			1,862,400		1,3,4
TSYL Corporate Buyer, Inc.	Revolver	0.50%			12/19/2028	USD		3,500,000		(41,707	)		(11,080	)	1,2,3
U.S. Signal Company, LLC	Delayed Draw	1.00%			9/3/2029	USD		1,629,000		(3,809	)		(14,623	)	1,2,3
U.S. Signal Company, LLC	First Lien Term Loan	10.07%	SOFR	550	9/3/2029	USD		5,289,000		5,276,423			5,254,759		1,3,4
U.S. Signal Company, LLC	Revolver	0.50%			9/3/2029	USD		813,000		(1,899	)		(7,298	)	1,2,3
UpStack Holdco Inc.	Delayed Draw	1.00%			8/23/2031	USD		4,375,000		(42,667	)		(5,861	)	1,2,3
UpStack Holdco Inc.	First Lien Term Loan	9.52%	SOFR	500	8/23/2031	USD		11,375,000		11,265,253			11,304,308		1,3,4
UpStack Holdco Inc.	Revolver	9.38%	SOFR	500	8/23/2031	USD		1,750,000		245,869			251,625		1,3,4,7
User Zoom Technologies, Inc.	First Lien Term Loan	11.80%	SOFR	750	4/5/2029	USD		9,500,000		9,279,601			9,500,000		1,3,4
User Zoom Technologies, Inc.	First Lien Term Loan	11.30%	SOFR	700	4/5/2029	USD		37,896,774		37,456,897			37,896,774		1,3,4
VDC Powerup PTE LTD	First Lien Term Loan	10.21%	SOFR	575	5/20/2028	USD		12,072,467		11,835,443			11,831,017		1,3,4
Victors Purchaser, LLC	Delayed Draw	1.00%			8/15/2031	USD		4,104,607		(40,055	)		-		1,2,3,6
Victors Purchaser, LLC	First Lien Term Loan	9.08%	SOFR	475	8/15/2031	USD		17,238,703		17,072,261			17,163,482		1,3,4,6
Viper Bidco, Inc.	Delayed Draw	1.00%			11/21/2031	USD		532,749		(5,285	)		(5,241	)	1,2,3,6
Viper Bidco, Inc.	First Lien Term Loan	9.75%	SONIA	500	11/21/2031	GBP		1,576,588		1,966,238			1,954,280		1,3,4,5,6
Viper Bidco, Inc.	First Lien Term Loan	9.52%	SOFR	500	11/21/2031	USD		3,410,081		3,376,353			3,376,536		1,3,4,6
Viper Bidco, Inc.	Revolver	0.50%			11/21/2031	USD		440,184		(4,332	)		(4,330	)	1,2,3,6
Wilson Electronics Holdings, LLC	First Lien Term Loan	11.06%	SOFR	671	5/17/2027	USD		24,900,018		24,612,113			24,900,018		1,3,4
Xactly Corporation	First Lien Term Loan	10.86%	SOFR	625	2/3/2031	USD		29,000,000		28,579,269			29,000,000		1,3,4
Xactly Corporation	First Lien Term Loan	10.86%	SOFR	625	7/31/2027	USD		7,921,458		7,855,820			7,921,458		1,3,4
Xactly Corporation	Revolver	0.50%			7/31/2027	USD		337,224		-			-		1,2,3
Zone & Company Software Consulting LLC	Delayed Draw	1.00%			9/13/2030	USD		2,406,282		(41,194	)		(39,852	)	1,2,3
Zone & Company Software Consulting LLC	First Lien Term Loan	10.86%	SOFR	650	9/13/2030	USD		9,453,252		9,293,194			9,296,689		1,3,4
Zone & Company Software Consulting LLC	Revolver	0.50%			9/13/2030	USD		1,289,080		(21,511	)		(21,349	)	1,2,3
										4,936,542,857			4,885,865,711

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Utilities — 0.1%
EDPO, LLC	Delayed Draw	8.58%	SOFR	450	12/8/2027	USD		713,333	$	312,850		$	320,000		1,3,4,6,7
Flatiron Energy Holdco LLC	Delayed Draw	1.00%			10/1/2029	USD		1,430,000		(33,989	)		(35,750	)	1,2,3
Flatiron Energy Holdco LLC	First Lien Term Loan	11.83% PIK			10/1/2029	USD		1,820,000		1,776,117			1,774,500		1,3,4,8
NRP Generation, LLC	Delayed Draw	11.64%	SOFR	700	11/6/2029	USD		2,055,000		2,004,755			2,004,047		1,3,4
NRP Generation, LLC	Delayed Draw	1.00%			11/6/2029	USD		11,500,000		(279,101	)		(285,138	)	1,2,3
NRP Generation, LLC	Delayed Draw	11.32%	SOFR	700	11/6/2029	USD		1,445,000		1,409,941			1,409,172		1,3,4
Qualus Power Services Corp.	Delayed Draw	9.51%	SOFR	525	3/26/2027	USD		1,134,375		1,112,186			1,112,883		1,3,4
Qualus Power Services Corp.	First Lien Term Loan	9.51%	SOFR	525	3/26/2027	USD		5,307,500		5,203,682			5,206,943		1,3,4
Sunraycer HPS Borrower LLC	Delayed Draw	1.00%			10/28/2029	USD		2,250,000		(43,496	)		(45,000	)	1,2,3
Sunraycer HPS Borrower LLC	First Lien Term Loan	12.83% PIK			10/28/2029	USD		3,750,000		3,676,948			3,675,000		1,3,4,8
Water Holdings Acquisition LLC	Delayed Draw	9.36%	SOFR	500	7/31/2031	USD		8,411,214		254,804			261,291		1,3,4,7
Water Holdings Acquisition LLC	First Lien Term Loan	7.09%, 3.00% PIK	SOFR	250	7/31/2031	USD		25,324,844		25,083,396			25,098,557		1,3,4,8
										40,478,093			40,496,505
Total Senior Secured Loans										20,302,805,205			20,219,110,198
Private Investment Vehicles — 39.3%
Investment Partnerships — 4.2%
AG Twinbrook Origination Fund I, L.P.						USD		N/A		23,872,182			26,413,370		1,12,13
Antares Senior Loan Parallel Feeder Fund II (Cayman) LP						USD		N/A		91,406,352			91,230,922		1,12,13
Ares Commercial Finance LP						USD		N/A		53,841,899			61,251,066		1,12,13
Ares Priority Loan Co-Invest LP						USD		N/A		48,570,000			49,155,898		1,12,13
Ares Specialty Healthcare Fund (L), L.P.						USD		N/A		-			1,428,402		1,12,13
Banner Ridge DSCO Fund II (Offshore), LP						USD		N/A		9,728,856			12,034,927		1,12,13
Blackstone Technology Senior Direct Lending Fund LP						USD		N/A		79,771,762			85,852,973		1,12,13
Blue Owl MC Debt Opportunities LP						USD		N/A		37,795,352			39,147,657		1,12,13
Crescent Mezzanine Partners VIIC, L.P.						USD		N/A		4,131,956			4,691,347		1,12,13
Hayfin Tactical Solutions Fund (US Parellel) LP						USD		N/A		17,653,678			19,175,137		1,12,13
HPS Offshore Strategic Investment Partners V, LP						USD		N/A		39,892,794			45,951,605		1,12,13

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost		Fair Value			Footnotes
HPS Mezzanine Partners 2019, L.P.						USD		N/A	$	7,306,189	$	8,644,946		1,12,13
HPS Offshore Mezzanine Partners 2019, LP						USD		N/A		22,997,177		28,109,690		1,12,13
HPS Specialty Loan Fund V Feeder, L.P.						USD		N/A		54,476,986		59,958,634		1,12,13
KKR Institutional Middle Market Fund						USD		N/A		225,000,000		249,021,419		1,12,13
Marlin Credit Opportunities Fund, L.P.						USD		N/A		103,237,198		98,964,529		1,12,13
NXT Capital Senior Loan Fund VII, LP						USD		N/A		95,770		97,575		1,12,13
Odyssey Co-Investment Partners B, LLC						USD		N/A		1,949,774		2,026,568		1,12,13
Raven Asset-Based Credit Fund II LP						USD		N/A		12,468,758		14,222,962		1,12,13
Silver Point Specialty Credit Fund II, L.P.						USD		N/A		46,280,581		41,850,429		1,12,13
Summit Partners Credit Offshore Fund II, L.P.						USD		N/A		7,115,039		4,379,797		1,12,13
Thoma Bravo Credit Fund III Feeder, LP						USD		N/A		14,269,259		15,747,961		1,12,13
Thompson Rivers LLC						USD		N/A		5,666,840		1,840,194		1,12,13
Varagon Capital Direct Lending Fund, L.P.						USD		N/A		43,750,000		43,549,384		1,12,13
Veritas Capital Credit Opportunities Onshore Fund III (Levered), L.P.						USD		N/A		1,194,407		(255,228	)	1,12,13
VPC Credit Origination Fund, L.P.						USD		N/A		1,000,000		1,189,000		1,12,13
Waccamaw River LLC						USD		N/A		11,474,665		5,359,567		1,12,13
West Street Loan Partners V, SLP						USD		N/A		20,000,000		20,883,655		1,12,13
										984,947,474		1,031,924,386
Joint Ventures — 0.4%
FBLC Senior Loan Fund LLC						USD		N/A		78,562,000		81,771,971		1,12,13,19
Middle Market Credit Fund II, LLC						USD		N/A		12,708,191		13,193,174		1,12,13,19
										91,270,191		94,965,145
Non-Listed Business Development Companies — 10.7%
26North BDC, Inc.						USD		797,898		20,000,000		20,074,899		1,12,13
AGTB BDC Holdings, LP						USD		4,950,891		125,000,000		127,255,015		1,12,13
Ares Strategic Income Fund						USD		3,820,631		100,000,000		107,846,516		1,12,13
Barings Capital Investment Corporation						USD		4,312,845		95,000,000		97,871,631		1,12,13
Barings Private Credit Corporation						USD		44,235,355		900,000,000		929,434,592		1,12,13
Blue Owl Credit Income Corp.						USD		16,163,843		150,000,000		156,207,549		1,12,13
Blue Owl Technology Finance Corp.						USD		2,119,509		35,000,000		37,002,443		1,12,13

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost		Fair Value		Footnotes
Blue Owl Technology Finance Corp. II						USD		4,559,563	$	67,874,799	$	74,265,051	1,12,13
Carlyle Credit Solutions, Inc.						USD		2,483,855		50,000,000		49,825,585	1,12,13
Carlyle Secured Lending III						USD		360,221		7,352,500		7,777,486	1,12,13
Franklin BSP Capital Corp						USD		2,198,487		27,297,757		31,940,771	1,12,13
Golub Capital BDC 4, Inc.						USD		11,460,121		171,901,821		175,489,950	1,12,13
Golub Capital Direct Lending Corporation						USD		3,336,386		50,000,000		51,052,979	1,12,13
Golub Capital Private Credit Fund						USD		7,977,662		200,000,000		204,169,217	1,12,13
KKR FS Income Trust						USD		2,091,712		59,500,000		62,613,791	1,12,13
KKR FS Income Trust Select						USD		992,566		25,000,000		25,474,388	1,12,13
New Mountain Guardian III BDC, L.L.C.						USD		6,552,805		50,214,367		47,799,420	1,12,13
New Mountain Guardian IV BDC, L.L.C.						USD		3,350,000		33,500,000		33,987,471	1,12,13
Redwood Enhanced Income Corp.						USD		2,856,397		40,600,000		38,187,825	1,12,13
Sixth Street Lending Partners						USD		943,125		24,982,212		27,367,557	1,12,13
Stellus Private Credit BDC Feeder LP						USD		N/A		26,536,883		26,784,434	1,12,13
Stone Point Credit Corporation						USD		3,859,978		75,500,000		79,280,345	1,12,13
T. Rowe Price OHA Select Private Credit Feeder Fund LLC						USD		N/A		100,000,000		101,137,049	1,12,13
TCW Direct Lending VIII LLC						USD		N/A		51,008,838		48,362,191	1,12,13
Varagon Capital Corporation						USD		1,925,963		19,296,490		19,377,639	1,12,13
Vista Credit Strategic Lending Corp.						USD		2,417,070		47,846,424		47,469,875	1,12,13
										2,553,412,091		2,628,055,669
Private Collateralized Fund Obligations — 0.1%
Dawson Rated Fund Class B	Delayed Draw	10.39%	SOFR	600	12/15/2034	USD		22,128,591		22,128,591		22,128,591	1,3
Dawson Rated Fund Class B	Delayed Draw	1.00%			12/15/2034	USD		12,871,409		-		-	1,2,3
										22,128,591		22,128,591
Private Collateralized Loan Obligations — 21.6%
ABPCI Pacific Funding LP		17.80%			5/31/2031	USD		182,364,583		182,364,583		203,410,878	1,12,13
Antares Loan Funding I Ltd.					6/15/2034	USD		103,200,000		103,200,000		123,960,957	1,12,13
Antares Loan Funding I Ltd.		10.58%	SOFR		2/17/2032	USD		29,600,000		29,600,000		29,600,000	1,3,4

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost		Fair Value		Footnotes
Ares Senior Direct Lending Fund (U) III Rated Notes Feeder LLC		19.80%			3/29/2036	USD		5,627,707	$	5,635,096	$	5,979,457	1,12,13
BlackRock MT. Lassen Senior Loan XII					12/28/2032	USD		N/A		199,233,717		208,268,977	1,12,13
BlackRock Shasta Senior Loan Fund VII, LLC					1/22/2033	USD		N/A		645,119,996		645,939,937	1,12,13
Comvest Structured Note Issuer I LLC					11/17/2035	USD		N/A		480,145,020		494,203,874	1,12,13
Crestline Structured Note Issuer I LLC					7/20/2036	USD		63,244,000		63,244,000		64,313,528	1,12,13
GPG Loan Funding, LLC		13.50%			4/29/2030	USD		261,913,958		261,913,958		272,903,601	1,12,13
KCLF Note Issuer I SPV, LLC, Subordinated		12.80%			1/15/3033	USD		254,015,000		264,025,000		275,057,236	1,12,13
KIMM CLO I LLC					10/15/2036	USD		N/A		54,387,000		54,387,000	1,9,10,12,13,14
NXT Capital Structured Note I LLC					1/26/2031	USD		N/A		159,509,573		177,493,002	1,12,13
Palisades CLO, LLC		15.70%			5/15/2034	USD		N/A		137,984,137		160,734,477	1,12,13
Palisades CLO, LLC - Class B		9.52%	SOFR	500	5/15/2034	USD		50,000,000		50,000,000		50,000,000	1,12,13
Palisades CLO, LLC - Class C		13.27%	SOFR	875	5/15/2034	USD		58,000,000		58,000,000		58,000,000	1,12,13
Private Credit Fund C-1 Holdco, LLC - Series 1		12.02%				USD		N/A		673,538,084		680,709,425	1,12,13
Raven Senior Loan Fund LLC					5/3/2034	USD		N/A		467,597,208		507,102,373	1,12,13
Silver Point Loan Funding, LLC					10/20/2033	USD		N/A		1,098,963,527		1,161,118,889	1,12,13
Varagon Structured Note Issuer I, LLC					10/19/2033	USD		N/A		137,277,228		149,364,412	1,12,13
										5,071,738,127		5,322,548,023
Private Equity — 0.0%
26North Direct Lending Management						USD		7		6,667		448,172	1,3
Blue Owl Technology Holdings II, LLC, Class A						USD		N/A		1,356,816		4,990,800	1,3
CSL III Advisor LLC						USD		N/A		25,000		144,477	1,3
OHA Private Credit Advisors, LLC						USD		N/A		50,000		1,287,807	1,3
Stellus Private BDC Advisor, LLC						USD		N/A		-		1,773,478	1,3
Vista Credit BDC Management, L.P.						USD		200		20,000		1,814,001	1,3
										1,458,483		10,458,735
Special Purpose Vehicle for Common and Preferred  Equity — 0.7%
Boost Co-Invest LP						USD		N/A		27,081,557		32,244,015	1,12,13
HPS KP Mezz 2019 Co.-Invest, LP						USD		N/A		84,158,635		107,662,040	1,12,13

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost		Fair Value		Footnotes
HPS KP SIP V Co-Investment Fund, LP						USD		N/A	$	14,203,287	$	19,778,897	1,12,13
										125,443,479		159,684,952
Special Purpose Vehicle for Common Equity — 0.3%
Blackstone Tactical Opportunities Fund (Matrix Co-Invest) LP						USD		N/A		9,100,497		10,797,863	1,12,13
KWOL Co-Invest, LP						USD		N/A		22,500,000		22,500,000	1,12,13
Marilyn Co-Invest, L.P.						USD		N/A		29,065,006		33,305,942	1,12,13
THL Fund IX Investor Plymouth II LP						USD		N/A		1,865,889		2,095,340	1,12,13
Varsity Healthcare Partners VetEvolve Co-Invest A, LP						USD		N/A		3,010,526		2,979,812	1,12,13
										65,541,918		71,678,957
Special Purpose Vehicle for Preferred Equity — 0.4%
CCOF Alera Aggregator, L.P.						USD		N/A		9,712,500		12,598,062	1,12,13
CCOF Sierra II, L.P.						USD		N/A		15,654,924		16,101,335	1,12,13
Chilly HP SCF Investor, LP						USD		N/A		1,980,197		2,518,011	1,12,13
HPS Mint Co-Invest Fund, L.P.						USD		N/A		21,577,545		31,927,702	1,12,13
Minerva Co-Invest, L.P.						USD		N/A		23,209,315		30,289,264	1,12,13
NB Capital Solutions Co-Invest (Wolverine) LP						USD		N/A		8,275,406		10,348,635	1,12,13
										80,409,887		103,783,009
Special Purpose Vehicle for Senior Secured Loans — 0.8%
17Capital Co-Invest (B) SCSp						EUR		N/A		25,126,428		25,028,329	1,5,12,13
Capricorn Co-Invest, L.P.						EUR		N/A		31,595,645		33,098,083	1,5,12,13
Caryle EDL Dance Aggregator, L.P.						EUR		1		23,993,207		23,558,291	1,5,12,13
CW Credit Opportunity 2 LP						USD		N/A		57,283,665		59,047,850	1,12,13
Piccadilly Co-Invest, L.P.						USD		N/A		55,442,143		59,577,286	1,12,13
Proxima Co-Invest, L.P.						USD		N/A		9,757,954		10,530,793	1,12,13
										203,199,042		210,840,632
Special Purpose Vehicle for Subordinated Debt — 0.1%
Luther Co-Invest, L.P.						USD		N/A		22,043,366		23,767,369	1,12,13
Milano Co.-Invest L.P.						USD		N/A		3,990,704		3,908,195	1,12,13
										26,034,070		27,675,564
Total Private Investment Vehicles										9,225,583,353		9,683,743,663

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost			Fair Value			Footnotes
Subordinated Debt — 1.1%
Financials — 0.1%
KWOR Acquisition, Inc.		10.50% PIK			12/21/2029	USD		6,938,554	$	6,807,148		$	-		1,3,8
OTR Midco, LLC		12.00%			5/13/2026	USD		5,500,000		5,500,000			5,500,000		1,3
WEG Sub Intermediate Notes		13.00% PIK			5/26/2033	USD		27,526,075		27,251,029			27,250,814		1,3,8
										39,558,177			32,750,814
Health Care — 0.0%
PAW Midco, Inc.		11.50% PIK			12/22/2031	USD		1,460,578		1,444,174			1,366,232		1,3,8
PPV Intermediate Holdings LLC		13.75% PIK			8/31/2030	USD		7,175,458		7,059,452			6,734,226		1,3,8
										8,503,626			8,100,458
Industrials — 0.3%
Nordic Ferry Infrastructure AS		7.91%	EURIBOR	500	11/4/2031	EUR		33,333,334		34,338,392			33,837,442		1,3,5
Nordic Ferry Infrastructure AS		9.70%	SOFR	500	11/4/2031	NOK		395,950,000		35,150,825			34,087,443		1,3,5
										69,489,217			67,924,885
Materials — 0.0%
Comar Holding Company		11.75%			12/23/2024	USD		3,500,000		3,500,000			3,500,000		1,3
Real Estate — 0.4%
VB LPE, LLC		10.14%	SOFR	575	12/20/2031	USD		98,855,556		97,870,149			97,867,000		1,3
VB LPE, LLC		1.00%			12/20/2031	USD		4,477,777		(44,571	)		(44,778	)	1,2,3
										97,825,578			97,822,222
Technology — 0.3%
Arcserve - Class B		9.00% PIK			1/2/2029	USD		410,952		359,156			364,809		1,3,8
Arcserve - Class C		9.00% PIK			1/2/2029	USD		420,320		367,344			373,126		1,3,8
Tango Bidco SAS		7.85%	EURIBOR	500	10/17/2031	EUR		10,565,958		11,177,869			10,785,362		1,3,5
VDC Powerup PTE LTD		10.21%	SOFR	575	5/20/2028	USD		54,594,200		53,522,192			53,502,316		1,3
										65,426,561			65,025,613
Total Subordinated Debt										284,303,159			275,123,992

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost		Fair Value		Footnotes
Preferred Stocks — 0.6%
Business Services — 0.0%
Cards Acquisition, Inc.		10.00% PIK				USD		258,921	$	258,921	$	258,920	1,3,8
Consumer Discretionary — 0.0%
AWI Group, LLC		8.50% PIK				USD		200,800		100,400		100,400	1,3,8
HeadRush Technologies - Class A		8.00% PIK				USD		111,500		111,500		98,175	1,3,8
Raneys, LLC		10.00%				USD		9		8,985		8,984	1,3
										220,885		207,559
Energy — 0.0%
Service Compression Preferred Equity (JR Preferred Shares)						USD		231,877		765,526		790,699	1,3
Financials — 0.1%
Cerity		13.75% PIK				USD		4,164		4,049,490		4,164,000	1,3,8
GTCR Everest TopCo, Inc. - Equity (Series A Preferred Stock)		13.25% PIK				USD		15,000		14,625,000		14,625,000	1,3,8
										18,674,490		18,789,000
Health Care — 0.1%
Alcresta Therapeutics, Inc.		8.00% PIK				USD		443		442,530		442,530	1,3,8
American Family Care						USD		179,700		179,700		179,700	1,3
Ascend Plastic Surgery Partners MSO, LLC		10.00% PIK				USD		94,900		94,900		94,900	1,3,8
nThrive, Inc., Series A-2 Preferred		11.00% PIK				USD		15,000		14,550,000		9,630,000	1,3,8
Nationwide Medical Holdings, LLC - Class A						USD		115,800		115,800		115,800	1,3
Propharma, LLC		13.00% PIK				USD		17,500		16,975,000		17,500,000	1,3,8,15
Vardiman Black Holdings, LLC		6.00%				USD		16,761,329		4,891,626		4,891,551	1,3
										37,249,556		32,854,481
Industrials — 0.1%
Atomic Blocker LLC - Class A3 Preferred Equity		14.66% PIK				USD		43		42,875		42,875	1,3,8
Atomic Transport, LLC - Class A Preferred		8.50% PIK				USD		2,500		1,783,003		2,467,125	1,3,8,16
Atomic Transport, LLC - Class A2 Preferred		14.60% PIK				USD		875		857,500		875,000	1,3,8
BPCP NSA Intermedco, Inc.		8.00% PIK				USD		25		38,025		38,025	1,3,8
FSG Acquisition, LLC - Senior Preferred		12.25% PIK				USD		11,250,000		10,968,750		11,250,000	1,3,8

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost		Fair Value		Footnotes
OHCP Silver Surfer Holdings Corp. - Series B Preferred		14.00% PIK				USD		7,500	$	7,275,000	$	7,549,500	1,3,8
S4T Holdings Corp.		8.00% PIK				USD		200		100,000		97,554	1,3,8,17
Secret Aggregator 1 Limited		11.00% PIK				GBP		984,176		1,227,003		1,197,016	1,3,5,8
U.S. Anchors Group, Inc.		8.00%				USD		100,400		100,400		100,400	1,3
										22,392,556		23,617,495
Technology — 0.3%
Eclipse Topco, Inc.		12.50% PIK				USD		1,299		12,729,050		12,988,830	1,3,8
GS Holder, Inc. Preferred		17.35% PIK				USD		15,000		14,550,000		15,000,000	1,3,8
GS Holder, Inc. Preferred		17.32% PIK				USD		10,000		9,700,000		10,000,000	1,3,8
Mandolin Technology Holdings, Inc. - Series A Preferred		10.50% PIK				USD		6,500		6,305,000		6,458,335	1,3,8
Riskonnect Parent, LLC - Series B Preferred		15.71% PIK				USD		11,000		10,780,000		11,000,000	1,3,8
Riskonnect Parent, LLC - Series C Preferred		13.75% PIK				USD		3,928		3,850,000		3,928,572	1,3,8
TSO Buyer, Inc. & Global Tracking Communications, LLC		15.00%				USD		2,316		231,600		231,600	1,3
										58,145,650		59,607,337
Total Preferred Stocks										137,707,584		136,125,491
Collateralized Loan Obligations — 0.5%
ABPCI Direct Lending Fund CLO XII Ltd.		14.28%	SOFR	968	4/29/2035	USD		7,500,000		7,217,158		7,580,624	1,4,9,10
ABPCI Direct Lending Fund CLO XV, Ltd.		13.19%	SOFR	860	10/30/2035	USD		5,000,000		4,900,000		5,032,496	1,3,4,9,10
ABPCI Direct Lending Fund CLO XV, Ltd.		10.99%	SOFR	640	10/30/2035	USD		8,100,000		8,100,000		8,252,278	1,3,4,9,10
Barings Middle Market CLO 2023-II Ltd.		13.29%	SOFR	867	1/20/2032	USD		10,900,000		10,791,000		10,904,169	1,3,4,9,10
BlackRock Elbert CLO V LLC		22.00%			6/15/2034	USD		39,500,000		40,329,968		23,335,922	1,3,9,14
BlackRock Elbert CLO V LLC		13.06%	SOFR	870	6/15/2034	USD		13,000,000		12,650,833		12,969,710	1,4,9,10
Deerpath Capital CLO 2023-2, Ltd.		11.26%	SOFR	660	1/15/2036	USD		11,000,000		11,000,000		11,280,075	1,3,4,9,10
Golub Capital Partners CLO		10.52%	SOFR	600	11/9/2036	USD		13,950,000		13,950,000		14,174,992	1,3,4,9,10
HPS Private Credit CLO 2023-1 LLC		14.51%	SOFR	985	7/15/2035	USD		7,500,000		7,350,000		7,588,585	1,3,4,9,10
Ivy Hill Middle Market Credit Fund XXI Ltd.		13.15%	SOFR	852	7/18/2035	USD		6,500,000		6,336,850		6,537,130	1,3,4,9,10
Ivy Hill Middle Market Credit Fund XXI Ltd.		11.03%	SOFR	640	7/18/2035	USD		3,500,000		3,500,000		3,563,757	1,3,4,9,10

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost		Fair Value		Footnotes
Monroe Capital MML CLO IX Ltd.		13.59%	SOFR	896	10/22/2031	USD		10,000,000	$	9,770,637	$	10,025,522	1,4,9,10,18
Monroe Capital MML CLO VIII, Ltd.		22.00%			11/22/2033	USD		15,000,000		16,125,394		7,739,923	*,1,9,10,14
Total Collateralized Loan Obligations										152,021,840		128,985,183
Common Stocks — 0.3%
Business Services — 0.0%
BSC Top Shelf Blocker, LLC - Class A						USD		190,400		190,400		190,400	1,3
Cards Acquisition, Inc.						USD		258,921		-		-	1,3
Esquire Deposition Solutions, LLC - Class A						USD		271		35,812		35,812	1,3
Polaris Labs Acquisition, LLC - Class A						USD		10		10,220		10,220	1,3
										236,432		236,432
Communications — 0.0%
Datum Acquisition, LLC						USD		1,312		131,250		131,250	1,3
Duggal Acquisition, LLC - Class A						USD		105		105,000		105,000	1,3
PharmaForceIQ Acquisition, Inc.						USD		123,600		123,600		123,600	1,3
										359,850		359,850
Consumer Discretionary — 0.0%
A1 Garage Blocker Aggregator, LP						USD		1,500		1,500,000		3,039,046	1,3
AWI Group, LLC						USD		200,800		100,400		100,400	1,3
CAP-KSI Holdings, LLC						USD		212,000		212,000		212,000	1,3
HeadRush Technologies - Class C						USD		111,500		111,500		-	1,3
HTI Intermediate, LLC - Class A						USD		519		51,900		36,701	1,3
Kravet Design, LLC						USD		231,600		231,600		231,600	1,3
Raneys, LLC						USD		9		-		-	1,3
										2,207,400		3,619,747
Consumer Staples — 0.0%
QVF Acquisition, Inc.						USD		1,000,000		1,000,000		1,000,000	1,3
Financials — 0.2%
Accuserve Solutions, Inc.						USD		450,000		4,500,000		4,500,000	1,3
Forbright, Inc.						USD		280,309		3,611,111		14,234,130	1,3
Morgan Stanley Direct Lending Fund						USD		1,446,014		28,891,362		29,874,652	1
										37,002,473		48,608,782
Health Care — 0.0%
Alcresta Therapeutics, Inc. - Class B						USD		4,470		4,470		2,378	1,3

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount		Cost		Fair Value		Footnotes
Cascade Purchaser, LLC						USD		1,000,000	$	1,000,000	$	1,000,000	1,3
FH DMI Buyer, Inc.						USD		179,723		179,723		179,723	1,3
Geriatric Medical & Surgical Supply, LLC - Class A		12.50% PIK				USD		11,772		11,772		12,417	1,3,8
HEC Purchaser Corp. Class A-1						USD		206		206,400		206,400	1,3
Nationwide Medical Holdings, LLC - Class B						USD		115,800		-		-	1,3
Prolacta Bioscience, Inc. (Class A-3)						USD		3,958,334		3,992,815		6,135,418	1,3
Vardiman Black Holdings, LLC						USD		34,545,390		-		-	1,3
										5,395,180		7,536,336
Industrials — 0.1%
AFC-DELL Holding Corp.						USD		7		12,826		12,825	1,3
Alphacoin LLC - Class A						USD		82		81,600		81,600	1,3
Atomic Transport, LLC						USD		2,188		654,496		3,047,857	1,3,16
BPCP NSA Intermedco, Inc.						USD		13		12,675		13,214	1,3
L&J Holding Company, LLC - Class A						USD		66,125		66,125		66,125	1,3
Lehman Pipe Buyer, LLC - Class A		8.00% PIK				USD		102		102,200		102,200	1,3,8
My Buyer, LLC						USD		2,076		207,600		282,801	1,3
Polycorp Ltd.		10.00% PIK				USD		29,580		29,580		42,158	1,3,8
Renovation Systems, LLC						USD		13		26,017		26,017	1,3
S4T Holdings Corp.						USD		200		100,000		291,632	1,3,17
Secret Aggregator 1 Limited						GBP		285		355		58,472	1,3,5
Seko Global Logistics Network, LLC						USD		2,267		9,952,634		9,952,634	1,3
USSC Holding Corp.						USD		338		337,845		337,844	1,3
WG Topco, LLC  Class B						USD		57,200		57,200		57,200	1,3
										11,641,153		14,372,579
Materials — 0.0%
ID Label Holdings, Inc.		10.00% PIK				USD		296		295,462		295,460	1,3,8
Kano Intermediate, Inc.		8.00% PIK				USD		419		856,785		859,602	1,3,8
										1,152,247		1,155,062
Technology — 0.0%
Arcserve - Class A						USD		394,737		967,870		967,870	1,3
BSP-FL LP - Class A-1						USD		559		559,402		559,402	1,3
Gray Matter Systems Interco						USD		1,716		171,600		171,600	1,3
GS XX Corporation						USD		114,400		114,400		114,400	1,3
										1,813,272		1,813,272
Total Common Stocks										60,808,007		78,702,060

Portfolio Company	Investment Type	Interest Rate	Reference Rate	Basis Points Spread	Maturity Date	Currency	Shares/Principal Amount			Cost		Fair Value			Footnotes
Warrants — 0.0%
Energy — 0.0%
Service Compression, LLC
Exercise Price: $1.35
Expiration Date: 1/17/2031						USD		1	**	$	-	$	44,481		1,3
Health Care — 0.0%
AWC-MH Holdings, LLC
Exercise Price: $0.01
Expiration Date: 4/28/2033						USD		1	**		-		-		1,3
Xeris Biopharma Holdings, Inc.
Exercise Price: $2.28
Expiration Date: 3/8/2029						USD		219,298			352,127		516,798		1,3
											352,127		516,798
Technology — 0.0%
Measurabl, Inc. (via a participation with Multiplier Capital, LLC)
Exercise Price: $18.20
Expiration Date: 4/20/2032						USD		1	**		-		9,239		1,3
Total Warrants											352,127		570,518
Short-Term Investments — 2.2%
State Street Institutional U.S. Government Money Market Fund		4.33%				USD		540,814,003			540,814,003		540,814,003		1,19
Total Short-Term Investments — 2.2%											540,814,003		540,814,003
Total Investments — 126.2%										$	30,704,395,278	$	31,063,175,108
Senior Notes (net of deferred offering costs of $25,704,478) - (19.6)%													(4,816,208,684	)
Liabilities Less Other Assets — (6.6)%													(1,632,314,157	)
Net Assets — 100.0%												$	24,614,652,267

AUD – Australian Dollars

CAD – Canadian Dollars

EUR – Euro

GBP – Pound Sterling

NOK - Norwegian Krone

NZD – New Zealand Dollar

SEK – Swedish Krona

US - United States

USD – United States Dollar

ARR CSA – Alternate Reference Rate Credit Spread Adjustment

BASE – Base rate as defined in the credit agreement

BBSW - Bank Bill Swap Rate

BBSY – Bank Bill Swap Bid Rate

BKBM – New Zealand 90-Day Bank Bill Rate

CDOR – Canadian Dollar Offered Rate

CORRA - Canadian Overnight Repo Rate Average

EURIBOR – Euro Interbank Offered Rate

LIBOR – London Interbank Offered Rate

PRIME - Prime Lending Rate

SOFR – Secured Overnight Financiang Rate

SONIA – Sterling Overnight Index Average

STIBOR – Stockholm Interbank Offered Rate

BDC – Business Development Company

CLO – Collateralized Loan Obligation

COP – Certificate of Participation

LLC – Limited Liability Company

LP – Limited Partnership

PLC – Public Limited Company

RB – Revenue Bonds

* Subordinated note position. Rate shown is the effective yield as of period end.

** Shares represent underlying security.

¹  As of December 31, 2024 all or a portion of the security has been pledged as collateral for senior secured notes and revolving credit facility. The value of the securities totaled $31,091,831,179 as of December 31, 2024. See Note 2, subsection Senior Notes of the Notes to Consolidated Financial Statements for additional information.

²  Represents an unfunded loan commitment. The rate disclosed is equal to the commitment fee. The negative cost and/or fair value, if applicable, is due to the discount received in excess of the principal amount of the unfunded commitment. See Note 2 for additional information.

³  Value was determined using significant unobservable inputs.

⁴  Floating rate security. Rate shown is the rate effective as of period end.

⁵  Foreign securities entered into in foreign currencies are converted to U.S. Dollars using period end spot rates.

⁶  This investment was made through a participation. Please see Note 2 for a description of loan participations.

⁷  A portion of this holding is subject to unfunded loan commitments. The stated interest rate reflects the reference rate and spread for the funded portion.  See Note 2 for additional information.

⁸  Principal includes accumulated payment in kind (“PIK”) interest and is net of repayments, if any.

⁹  Callable.

¹⁰  Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted. They may only be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $171,020,363, which represents 0.7% of total net assets of the Fund.

¹¹  Step rate security.

¹²  Investment valued using net asset value per share as practical expedient.  See Note 13 for respective investment strategies, unfunded commitments, and redemptive restrictions.

¹³  These securities are restricted, the total value of these securities is $9,621,556,337, which represents 39.1% of total net assets of the Fund.

¹⁴  Variable rate security. Rate shown is the rate in effect as of period end.

¹⁵  Jayhawk Intermediate, LLC is the holding company that owns ProPharma Group, LLC.

¹⁶  Atomic Blocker, LLC holds Class A Preferred Units and Class W Common Units in Atomic Holdings, LLC, which is the holding company that owns Atomic Transport, LLC.

¹⁷  Vistria ESS Holdings, LLC holds Series A Preferred Units and Class A Common Units in TVG ESS Holdings, LLC which is the parent company holdings company for S4T Holdings Corp.

¹⁸  The rate is the annualized seven-day yield at period end.

¹⁹  Affiliated company.

Cliffwater Corporate Lending Fund

Consolidated Schedule of Investments - Continued

As of December 31, 2024 (Unaudited)

Additional information on restricted securities is as follows:

Security	First Acquisition Date	Cost
17Capital Co-Invest (B) SCSp	9/23/2021	$	25,126,428
26North BDC, Inc.	10/11/2023		20,000,000
ABPCI Pacific Funding LP	6/9/2022		182,364,583
AG Twinbrook Origination Fund I, L.P.	4/14/2023		23,872,182
AGTB BDC Holdings, LP	5/10/2022		125,000,000
Antares Loan Funding I Ltd.	2/17/2023		103,200,000
Antares Senior Loan Parallel Feeder Fund II (Cayman) LP	8/3/2022		91,406,352
Ares Commercial Finance LP	3/31/2021		53,841,899
Ares Priority Loan Co-Invest LP	1/25/2023		48,570,000
Ares Senior Direct Lending Fund (U) III Rated Notes Feeder LLC	8/30/2024		5,635,096
Ares Specialty Healthcare Fund (L), L.P.	12/2/2024		-
Ares Strategic Income Fund	12/5/2022		100,000,000
Banner Ridge DSCO Fund II (Offshore), LP	10/11/2022		9,728,856
Barings Capital Investment Corporation	1/25/2021		95,000,000
Barings Private Credit Corporation	5/10/2021		900,000,000
BlackRock MT. Lassen Senior Loan XII	1/23/2024		199,233,716
BlackRock Shasta Senior Loan Fund VII, LLC	2/10/2021		645,119,996
Blackstone Tactical Opportunities Fund (Matrix Co-Invest) LP	9/20/2023		9,100,497
Blackstone Technology Senior Direct Lending Fund LP	5/16/2024		79,771,762
Blue Owl Credit Income Corp.	7/29/2021		150,000,000
Blue Owl MC Debt Opportunities LP	5/24/2024		37,795,352
Blue Owl Technology Finance Corp.	9/24/2020		35,000,000
Blue Owl Technology Finance Corp. II	12/30/2021		67,874,799
Boost Co-Invest LP	1/25/2024		27,081,557
Capricorn Co-Invest, L.P.	12/18/2023		31,595,645
Carlyle Credit Solutions, Inc.	10/25/2022		50,000,000
Carlyle Secured Lending III	9/28/2022		7,352,500
Caryle EDL Dance Aggregator, L.P.	10/24/2024		23,993,207
CCOF Alera Aggregator, L.P.	4/25/2023		9,712,500
CCOF Sierra II, L.P.	8/2/2022		15,654,924
Chilly HP SCF Investor, LP	2/9/2022		1,980,197
Comvest Structured Note Issuer I LLC	11/17/2022		480,145,020
Crescent Mezzanine Partners VIIC, L.P.	3/31/2021		4,131,956
Crestline Structured Note Issuer I LLC	8/26/2024		63,244,000
CW Credit Opportunity 2 LP	6/27/2024		57,283,665
FBLC Senior Loan Fund LLC	4/1/2020		78,562,000
Franklin BSP Capital Corp	1/20/2021		27,297,757
Golub Capital BDC 4, Inc.	4/21/2022		171,901,821
Golub Capital Direct Lending Corporation	7/13/2021		50,000,000
Golub Capital Private Credit Fund	12/22/2023		200,000,000
GPG Loan Funding, LLC	4/29/2024		261,913,958
Hayfin Tactical Solutions Fund (US Parellel) LP	11/7/2024		17,653,678
HPS  Offshore Strategic Investment Partners V, LP	5/1/2023		39,892,794
HPS KP Mezz 2019 Co.-Invest, LP	4/1/2024		84,158,635
HPS KP SIP V Co-Investment Fund, LP	4/1/2024		14,203,288
HPS Mezzanine Partners 2019, L.P.	11/16/2020		7,306,189
HPS Mint Co-Invest Fund, L.P.	5/25/2022		21,577,545
HPS Offshore Mezzanine Partners 2019, LP	4/1/2024		22,997,177
HPS Specialty Loan Fund V Feeder, L.P.	5/14/2021		54,476,986
KCLF Note Issuer I SPV, LLC, Subordinated	12/27/2023		264,025,000
KIMM CLO I LLC	11/26/2024		54,387,000
KKR FS Income Trust	6/30/2023		59,500,000
KKR FS Income Trust Select	3/28/2024		25,000,000
KKR Institutional Middle Market Fund	10/16/2023		225,000,000
KWOL Co-Invest, LP	11/20/2023		22,500,000
Luther Co-Invest, L.P.	7/15/2022		22,043,366

Security	First Acquisition Date	Cost
Marilyn Co-Invest, L.P.	4/1/2024		29,065,006
Marlin Credit Opportunities Fund, L.P.	5/21/2021		103,237,198
Middle Market Credit Fund II, LLC	11/3/2020		12,708,191
Milano Co.-Invest L.P.	4/1/2024		3,990,705
Minerva Co-Invest, L.P.	2/11/2022		23,209,315
NB Capital Solutions Co-Invest (Wolverine) LP	11/15/2023		8,275,406
New Mountain Guardian III BDC, L.L.C.	3/27/2020		50,214,367
New Mountain Guardian IV BDC, L.L.C.	6/29/2022		33,500,000
NXT Capital Senior Loan Fund VII, LP	11/18/2024		95,770
NXT Capital Structured Note I LLC	1/26/2022		159,509,572
Odyssey Co-Investment Partners B, LLC	3/24/2022		1,949,774
Palisades CLO, LLC	4/18/2023		137,984,137
Palisades CLO, LLC - Class B	8/6/2024		50,000,000
Palisades CLO, LLC - Class C	8/6/2024		58,000,000
Piccadilly Co-Invest, L.P.	4/17/2023		55,442,143
Private Credit Fund C-1 Holdco, LLC - Series 1	7/11/2023		673,538,084
Proxima Co-Invest, L.P.	11/2/2021		9,757,955
Raven Asset-Based Credit Fund II LP	9/21/2021		12,468,758
Raven Senior Loan Fund LLC	5/5/2022		467,597,208
Redwood Enhanced Income Corp.	4/8/2022		40,600,000
Silver Point Loan Funding, LLC	3/22/2022		1,098,963,527
Silver Point Specialty Credit Fund II, L.P.	12/15/2020		46,280,581
Sixth Street Lending Partners	8/31/2022		24,982,212
Stellus Private Credit BDC Feeder LP	1/31/2022		26,536,883
Stone Point Credit Corporation	12/30/2022		75,500,000
Summit Partners Credit Offshore Fund II, L.P.	3/31/2022		7,115,039
T. Rowe Price OHA Select Private Credit Feeder Fund LLC	9/22/2023		100,000,000
TCW Direct Lending VIII LLC	1/31/2022		51,008,837
THL Fund IX Investor Plymouth II LP	8/31/2023		1,865,889
Thoma Bravo Credit Fund III Feeder, LP	8/31/2023		14,269,259
Thompson Rivers LLC	6/29/2021		5,666,840
Varagon Capital Corporation	5/23/2022		19,296,490
Varagon Capital Direct Lending Fund, L.P.	3/25/2021		43,750,000
Varagon Structured Note Issuer I, LLC	10/13/2021		137,277,228
Varsity Healthcare Partners VetEvolve Co-Invest A, LP	10/11/2023		3,010,526
Veritas Capital Credit Opportunities Onshore Fund III (Levered), L.P.	12/23/2024		1,194,407
Vista Credit Strategic Lending Corp.	10/10/2023		47,846,424
VPC Credit Origination Fund, L.P.	4/19/2023		1,000,000
Waccamaw River LLC	5/4/2021		11,474,665
West Street Loan Partners V, SLP	3/14/2024		20,000,000
Total		$	9,172,396,279

See accompanying Notes to Consolidated Schedule of Investments.

Cliffwater Corporate Lending Fund

Consolidated Schedule of Swap Contracts

As of December 31, 2024 (Unaudited)

SWAP CONTRACT
INTEREST RATE SWAPS							Upfront
							Premiums		Unrealized
	Payments	Payments	Termination		Notional		Paid		Appreciation
Counterparty1	Made/Frequency	Received/Frequency	Date		Value		(Received)		(Depreciation)
PNC Bank, N.A.	Daily Simple SOFR2  + 2.619% / Quarterly	7.06% / Semi-annually	12/6/2025	$	34,000,000	$	-	$	50,833
PNC Bank, N.A.	Daily Simple SOFR2  + 2.581% / Quarterly	6.75% / Semi-annually	8/4/2026		115,200,000		-		23,357
PNC Bank, N.A.	Daily Simple SOFR2  + 2.665% / Quarterly	7.04% / Semi-annually	1/20/2027		85,000,000		-		395,926
PNC Bank, N.A.	Daily Simple SOFR2  + 2.700% / Quarterly	7.04% / Semi-annually	1/20/2027		27,000,000		-		107,012
PNC Bank, N.A.	Daily Simple SOFR2  + 1.446% / Quarterly	4.10% / Semi-annually	3/28/2027		650,000,000		-		(19,934,582	)
PNC Bank, N.A.	Daily Simple SOFR2  + 0.905% / Quarterly	4.10% / Semi-annually	3/28/2027		250,000,000		-		(4,749,905	)
PNC Bank, N.A.	Daily Simple SOFR2  + 3.005% / Quarterly	7.10% / Semi-annually	12/6/2027		95,000,000		-		(47,135	)
PNC Bank, N.A.	Daily Simple SOFR2  + 1.864% / Quarterly	5.76% / Semi-annually	1/15/2028		129,000,000		-		(896,268	)
PNC Bank, N.A.	Daily Simple SOFR2  + 3.010% / Quarterly	7.10% / Semi-annually	12/6/2027		10,000,000		-		(6,354	)
PNC Bank, N.A.	Daily Simple SOFR2  + 2.991% / Quarterly	6.77% / Semi-annually	8/4/2028		304,800,000		-		(3,340,806	)
PNC Bank, N.A.	Daily Simple SOFR2  + 2.593% / Quarterly	6.69% / Semi-annually	4/12/2029		150,000,000		-		4,109
PNC Bank, N.A.	Daily Simple SOFR2  + 2.642% / Quarterly	6.69% / Semi-annually	4/12/2029		150,000,000		-		(287,157	)
PNC Bank, N.A.	Daily Simple SOFR2  + 2.270% / Quarterly	6.32% / Semi-annually	8/15/2029		486,000,000		-		(736,589	)
PNC Bank, N.A.	Daily Simple SOFR2  + 3.214% / Quarterly	7.17% / Semi-annually	12/6/2029		141,000,000		-		(915,480	)
PNC Bank, N.A.	Daily Simple SOFR2  + 2.074% / Quarterly	5.85% / Semi-annually	3/14/2030		160,500,000		-		(2,447,104	)
PNC Bank, N.A.	Daily Simple SOFR2  + 3.218% / Quarterly	6.81% / Semi-annually	8/4/2030		114,000,000		-		(2,930,670	)
PNC Bank, N.A.	Daily Simple SOFR2  + 2.444% / Quarterly	6.40% / Semi-annually	8/15/2031		328,000,000		-		(2,648,203	)
PNC Bank, N.A.	Daily Simple SOFR2  + 2.241% / Quarterly	6.01% / Semi-annually	3/14/2032		174,500,000		-		(3,914,998	)
PNC Bank, N.A.	Daily Simple SOFR2  + 3.500% / Quarterly	6.99% / Semi-annually	8/4/2033		66,000,000		-		(3,010,289	)
PNC Bank, N.A.	Daily Simple SOFR2  + 2.351% / Quarterly	6.13% / Semi-annually	3/14/2035		91,000,000		-		(2,922,330	)
PNC Bank, N.A.	Daily Simple SOFR2  + 3.375% / Quarterly	7.51% / Semi-annually	1/20/2036		45,000,000		-		(63,164	)
PNC Bank, N.A.	Daily Simple SOFR2  + 2.627% / Quarterly	6.51% / Semi-annually	8/15/2036		195,000,000		-		(4,558,197	)
PNC Bank, N.A.	Daily Simple SOFR2  + 2.373% / Quarterly	6.18% / Semi-annually	1/15/2037		200,000,000		-		(7,297,036	)
MUFG Bank, Ltd.	Daily Simple SOFR2  + 2.052% / Quarterly	5.44% / Semi-annually	7/19/2025		215,000,000		-		1,271,756
MUFG Bank, Ltd.	Daily Simple SOFR2  + 2.263% / Quarterly	5.50% / Semi-annually	7/19/2026		130,000,000		-		(359,873	)
MUFG Bank, Ltd.	Daily Simple SOFR2  + 2.245% / Quarterly	5.50% / Semi-annually	7/19/2026		10,000,000		-		(24,618	)
MUFG Bank, Ltd.	Daily Simple SOFR2  + 2.477% / Quarterly	5.61% / Semi-annually	7/19/2027		130,000,000		-		(1,620,939	)
MUFG Bank, Ltd.	Daily Simple SOFR2  + 1.940% / Quarterly	6.20% / Semi-annually	8/15/2027		268,000,000		-		4,978,006
MUFG Bank, Ltd.	Daily Simple SOFR2  + 2.889% / Quarterly	7.06% / Semi-annually	1/20/2029		224,000,000		-		4,114,396
MUFG Bank, Ltd.	Daily Simple SOFR2  + 2.688% / Quarterly	5.72% / Semi-annually	7/19/2029		160,000,000		-		(5,255,597	)
MUFG Bank, Ltd.	Daily Simple SOFR2  + 2.684% / Quarterly	5.72% / Semi-annually	7/19/2029		40,000,000		-		(1,306,701	)
MUFG Bank, Ltd.	Daily Simple SOFR2  + 3.123% / Quarterly	7.23% / Semi-annually	1/20/2031		155,000,000		-		2,517,673
MUFG Bank, Ltd.	Daily Simple SOFR2  + 3.305% / Quarterly	7.40% / Semi-annually	1/20/2034		224,000,000		-		3,186,790
MUFG Bank, Ltd.	Daily Simple SOFR2  + 2.590% / Quarterly	6.46% / Semi-annually	8/15/2034		93,000,000		-		(462,701	)
TOTAL INTEREST RATE SWAPS								$	(53,086,838	)

¹  Instrument is used in a hedge accounting relationship. See Note 2, subsections Interest Rate Swap Contracts and Senior Notes.

²  Reset daily with a five business day look back.

See accompanying Notes to Consolidated Schedule of Investments.

Cliffwater Corporate Lending Fund

Consolidated Schedule of Forward Foreign Currency Exchange Contracts

As of December 31, 2024 (Unaudited)

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS

		Currency	Settlement	Currency Amount		Value at Opening Date of		Value at December 31,		Unrealized Appreciation
Currency Purchased	Counterparty	Sold	Date	Purchased		Contract		2024		(Depreciation)
Canadian Dollars	State Street	USD	January 31, 2025		766,925	$	534,197	$	534,130	$	(67	)
Euro	State Street	USD	January 31, 2025		10,634		11,085		11,029		(56	)
Swedish Krona	State Street	USD	January 02, 2025		385,874,967		34,965,612		34,880,756		(84,856	)
							35,510,894		35,425,915		(84,979	)

Currency Sold	Counterparty	Currency Purchased	Settlement Date	Currency Amount Sold			Value at Opening Date of Contract			Value at December 31, 2024			Unrealized Appreciation (Depreciation)
Australian Dollars	State Street	USD	January 31, 2025		(42,231,278	)	$	(26,373,095	)	$	(26,140,272	)	$	232,823
British Pound	State Street	USD	January 31, 2025		(173,486,046	)		(217,272,184	)		(217,134,178	)		138,006
Canadian Dollars	State Street	USD	January 31, 2025		(216,042,039	)		(150,492,272	)		(150,463,981	)		28,291
Euro	State Street	USD	January 31, 2025		(696,702,917	)		(726,330,751	)		(722,612,552	)		3,718,199
New Zealand Dollar	State Street	USD	January 31, 2025		(6,398,446	)		(3,614,565	)		(3,580,903	)		33,662
Norwegian Krone	State Street	USD	January 31, 2025		(518,101,947	)		(45,575,583	)		(45,510,341	)		65,242
Norwegian Krone	Marlin Equity Partners	USD	February 14, 2025		(13,125,000	)		(1,252,983	)		(1,152,867	)		100,116
Swedish Krona	State Street	USD	January 02, 2025		(385,874,967	)		(35,108,028	)		(34,880,756	)		227,272
Swedish Krona	State Street	USD	January 31, 2025		(385,849,066	)		(35,012,424	)		(34,932,628	)		79,796
Swedish Krona	Marlin Equity Partners	USD	August 22, 2025		(11,250,000	)		(1,115,573	)		(1,030,115	)		85,458
								(1,242,147,458	)		(1,237,438,593	)		4,708,865
TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS							$	(1,206,636,564	)	$	(1,202,012,678	)	$	4,623,886

USD – U.S. Dollar

See accompanying Notes to Consolidated Schedule of Investments.

Cliffwater Corporate Lending Fund

Notes to Consolidated Schedule of Investments
December 31, 2024 (Unaudited)

1. Organization

The Cliffwater Corporate Lending Fund (the “Fund”) is a Delaware statutory trust registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), as a closed-end management investment company operating as a diversified interval fund. The Fund operates under an Agreement and Declaration of Trust, as most recently amended and restated on September 15, 2021 (the “Declaration of Trust”). Cliffwater LLC serves as the investment adviser (the “Investment Manager”) of the Fund. The Investment Manager is an investment adviser registered with the Securities and Exchange Commission (the “SEC”) under the Investment Advisers Act of 1940, as amended. The Fund intends to continue to qualify and has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986, as amended (the “Code”). The Fund commenced operations on March 6, 2019.

The SEC has granted the Fund exemptive relief permitting the Fund to offer multiple classes of shares. The Fund’s Registration Statement currently offers Class I Shares. Only Class I shares have been issued as of December 31, 2024.

The Fund’s primary investment objective is to seek consistent current income, while the Fund’s secondary objective is capital preservation. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing at least 80% of its assets (net assets, plus any borrowings for investment purposes) in loans to companies (“corporate loans”). The Fund’s corporate loan investments are made through a combination of: (i) investing in loans to companies that are originated directly by a non-bank lender (for example, traditional direct lenders include asset management firms (on behalf of their investors), insurance companies, business development companies and specialty finance companies) (“direct loans”); (ii) investing in notes or other pass-through obligations representing the right to receive the principal and interest payments on a direct loan (or fractional portions thereof); (iii) purchasing asset-backed securities representing ownership or participation in a pool of direct loans; (iv) investing in companies and/or private investment funds (private funds that are excluded from the definition of “investment company” pursuant to Sections 3(c)(1) or 3(c)(7) of the Investment Company Act) that primarily hold direct loans; (v) investments in high yield securities, including securities representing ownership or participation in a pool of such securities; (vi) investments in bank loans including securities representing ownership or participation in a pool of such loans; and (vii) SPVs and/or joint ventures that primarily hold loans or credit-like securities. The Fund may focus its investment strategy on, and its portfolio of investments may be focused in, a subset of one or more of these types of investments. The Fund’s investments in hedge funds and private equity funds that are excluded from the definition of “investment company” pursuant to Sections 3(c)(1) and 3(c)(7) of the Investment Company Act will be limited to no more than 15% of the Fund’s assets. The Fund may make non-U.S. investments, some of which may be denominated in currencies other than the U.S. dollar. In most cases, the currency fluctuations of investments will be hedged through the use of currency derivatives or other instruments. Most direct loans are not rated by any rating agency, will not be registered with the SEC or any state securities commission and will not be listed on any national securities exchange. The amount of public information available with respect to issuers of direct loans may generally be less extensive than that available for issuers of registered or exchange listed securities.

Consolidation of Subsidiaries

Each subsidiary was formed as a limited liability company, and is a wholly owned subsidiary of the Fund. The Consolidated Schedule of Investments, Statement of Assets and Liabilities, Statement of Operations, Statements of Changes in Net Assets, Statement of Cash Flows and Financial Highlights of the Fund includes the accounts of each subsidiary. All inter-company accounts and transactions have been eliminated in the consolidation for the Fund. A list of the subsidiaries that hold assets is as follows as of December 31, 2024:

Subsidiary	Date of Formation		Net Assets of Subsidiary		Percentage of Fund’s Total Net Assets
CCLF SPV LLC (“CCLF SPV”)		February 3, 2020	$	4,798,016,373		19.49	%
MCCW Holdings, LLC (“CCLF MCCW”)		April 15, 2021		403,068,420		1.64	%
CCLF Holdings LLC (“CCLF HOLD”)		May 25, 2021		24,830,786		0.10	%
CCLF Holdings (D1) LLC (“CCLF HOLD (D1)”)		July 26, 2021		16,313,720		0.07	%
CCLF Holdings (D2) LLC (“CCLF HOLD (D2)”)		July 26, 2021		2,326,779,506		9.45	%
CCLF Holdings (D3) LLC (“CCLF HOLD (D3)”)		March 16, 2022		14,102,458		0.06	%
KCLF Holdings LLC (“KCLF Holdings”)		June 14, 2022		537,384,384		2.18	%
1585 Koala Holdings, LLC (“Koala Holdings”)		July 25, 2022		112,081		0.00	%
CW Point LLC (“CW Point”)		February 1, 2023		451,789,126		1.84	%
CCLF-B SPV LLC (“CCLF-B SPV”)		February 17, 2023		37,379,513		0.15	%
CCLF Holdings (D11) LLC (“CCLF HOLD (D11)”)		March 31, 2023		25,594,900		0.10	%
CCLF Holdings (D13) LLC (“CCLF HOLD (D13)”)		May 4, 2023		749,086		0.00	%
Fivemile River Funding LLC (“Fivemile River Funding”)		May 8, 2023		32,717,032		0.13	%
Madison Avenue SPV LLC (“Madison Avenue SPV”)		May 12, 2023		126,622,118		0.51	%
CCLF Holdings (D16) LLC (“CCLF HOLD (D16)”)		May 12, 2023		213,518,315		0.87	%
CCLF Holdings (D7) LLC (“CCLF HOLD (D7)”)		July 7, 2023		800,911,930		3.25	%
Madison Avenue CLO SPV LLC (“Madison Avenue CLO”)		July 13, 2023		156,420,961		0.64	%
CCLF Holdings (D18) LLC (“CCLF HOLD (D18)”)		August 1, 2023		31,783,920		0.13	%
CCLF Holdings (D20) LLC (“CCLF HOLD (D20)”)		August 10, 2023		114,001,002		0.46	%
SR CW LLC (“SR CW”)		September 23, 2023		215,382,995		0.88	%
KCLF Holdings II LLC (“KCLF Holdings II”)		September 26, 2023		441,781,230		1.79	%
CCLF Holdings (D23) LLC (“CCLF HOLD (D23)”)		September 26, 2023		155,561,625		0.63	%
Steamboat SPV LLC (“Steamboat SPV”)		October 25, 2023		174,554,468		0.71	%
CCLF Holdings (D26) LLC (“CCLF HOLD (D26)”)		October 25, 2023		1,370,972		0.01	%
CCLF Holdings (D27) LLC (“CCLF HOLD (D27)”)		October 26, 2023		256,364,263		1.04	%
CCLF Holdings (D30) LLC (“CCLF HOLD (D30)”)		November 9, 2023		784,418		0.00	%
CCLF Holdings (D31) LLC (“CCLF HOLD (D31)”)		November 9, 2023		3,392,323		0.01	%
CCLF Holdings (D32) LLC (“CCLF HOLD (D32)”)		November 9, 2023		5,135,602		0.02	%
CCLF Holdings (D34) LLC (“CCLF HOLD (D34)”)		February 20, 2024		51,387,795		0.21	%
CCLF Holdings (D33) LLC (“CCLF HOLD (D33)”)		February 21, 2024		4,891,570		0.02	%
CCLF Holdings (D35) LLC (“CCLF HOLD (D35)”)		February 21, 2024		21,653,647		0.09	%
CCLF Holdings (D38) LLC (“CCLF HOLD (D38)”)		February 28, 2024		11,736,663		0.05	%
CCLF Holdings (D39) LLC (“CCLF HOLD (D39)”)		February 28, 2024		39,028		0.00	%
CCLF Holdings (D40) LLC (“CCLF HOLD (D40)”)		February 28, 2024		233,349,562		0.95	%
CCLF Holdings (D41) LLC (“CCLF HOLD (D41)”)		March 13, 2024		76,138,515		0.31	%
CCLF Holdings (D46) LLC (“CCLF HOLD (D46)”)		April 25, 2024		34,870,234		0.14	%
CCLF Holdings (D47) LLC (“CCLF HOLD (D47)”)		April 29, 2024		122,218,841		0.50	%
CCLF Holdings (D48) LLC (“CCLF HOLD (D48)”)		April 29, 2024		22,309,009		0.09	%
CCLF Holdings (D49) LLC (“CCLF HOLD (D49)”)		April 29, 2024		11,154,908		0.05	%
CCLF Holdings (D50) LLC (“CCLF HOLD (D50)”)		April 29, 2024		11,848,850		0.05	%
CCLF Holdings (D51) LLC (“CCLF HOLD (D51)”)		April 29, 2024		17,773,275		0.07	%
CCLF Holdings (D54) LLC (“CCLF HOLD (D54)”)		August 6, 2024		38,856,845		0.16	%

2. Significant Accounting Policies

Basis of Preparation and Use of Estimates

The Fund is an investment company and follows the accounting and reporting guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services — Investment Companies. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from these estimates.

Federal Income Taxes

The Fund intends to continue to qualify as a “regulated investment company” under Subchapter M of the Internal Revenue Code of 1986, as amended. As so qualified, the Fund will not be subject to federal income tax to the extent it distributes substantially all of its net investment income and capital gains to shareholders. Therefore, no federal income tax provision is required. Management of the Fund is required to determine whether a tax position taken by the Fund is more likely than not to be sustained upon examination by the applicable taxing authority, based on the technical merits of the position. Based on its analysis, there were no tax positions identified by management of the Fund that did not meet the “more likely than not” standard as of December 31, 2024.

CCLF SPV, CCLF MCCW, CCLF HOLD (D1), CCLF HOLD (D2), KCLF Holdings, Koala Holdings, CW Point, CCLF-B SPV, CCLF HOLD (D11), CCLF HOLD (D13), Fivemile River Funding, Madison Avenue SPV, CCLF HOLD (D16), CCLF HOLD (D7), Madison Avenue CLO, CCLF HOLD (D20), SR CW, KCLF Holdings II, CCLF HOLD (D23), Steamboat SPV, CCLF HOLD (D26), CCLF HOLD (D27), CCLF HOLD (D31), CCLF HOLD (D32), CCLF HOLD (D34), CCLF HOLD (D33), CCLF HOLD (D35), CCLF HOLD (D38), CCLF HOLD (D39), CCLF HOLD (D40), CCLF HOLD (D41), CCLF HOLD (D46), CCLF HOLD (D47), CCLF HOLD (D48), CCLF HOLD (D49), CCLF HOLD (D50), CCLF HOLD (D51) and CCLF HOLD (D54), are disregarded entities for income tax purposes. CCLF HOLD, CCLF HOLD (D3), CCLF HOLD (D18), and CCLF HOLD (D30) are limited liability companies that have elected to be taxed as corporations and are therefore obligated to pay federal and state income tax on its taxable income. Currently, the federal income tax rate for a corporation is 21%. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is recognized if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred income tax asset will not be realized.

Forward Foreign Currency Exchange Contracts

The Fund may utilize forward foreign currency exchange contracts (“forward contracts”) under which they are obligated to exchange currencies on specified future dates at specified rates, and are subject to the translations of foreign exchange rates fluctuations. All contracts are “marked-to-market” daily and any resulting unrealized gains or losses are recorded as unrealized appreciation or depreciation on foreign currency translations. The Fund records realized gains or losses at the time the forward contract is settled. Counter-parties to these forward contracts are major U.S. financial institutions. As of December 31, 2024, the Fund had three outstanding forward currency contracts purchased long and ten outstanding forward currency contracts sold short, with total notional value of $35,510,894 and $(1,242,147,458), respectively.

Interest Rate Swap Contracts

The Fund may engage in various swap transactions, including interest rate agreements, primarily to manage risk, or as alternatives to direct investments. Interest rate swaps are agreements between two parties to exchange cash flows based on a notional principal amount. The Fund may elect to pay a fixed rate and receive a floating rate or receive a fixed rate and pay a floating rate on a notional principal amount. The net interest received or paid on interest rate swap agreements is accrued daily as interest income/expense. Interest rate swaps are marked-to-market daily using fair value estimates provided by an independent pricing service. The change in fair value of the interest rate swaps is offset by a change in the carrying value of the fixed rate debt. The risk of loss under a swap contract may exceed the amount recorded as an asset or a liability. As of December 31, 2024, the Fund had thirty-four outstanding interest rate swap contracts with total notional value of $5,650,000,000.

Collateralized Loan Obligations and Collateralized Debt Obligations

The Fund may invest in CLOs and Collateralized Debt Obligations (“CDOs”). CLOs and CDOs are created by the grouping of certain private loans and other lender assets/collateral into pools. A sponsoring organization establishes a special purpose vehicle to hold the assets/collateral and issue securities. Interests in these pools are sold as individual securities. Payments of principal and interest are passed through to investors and are typically supported by some form of credit enhancement, such as a letter of credit, surety bond, limited guaranty or senior/subordination. Payments from the asset pools may be divided into several different tranches of debt securities, offering investors various maturity and credit risk characteristics. Some tranches entitled to receive regular installments of principal and interest, other tranches entitled to receive regular installments of interest, with principal payable at maturity or upon specified call dates, and other tranches only entitled to receive payments of principal and accrued interest at maturity or upon specified call dates. Different tranches of securities will bear different interest rates, which may be fixed or floating.

CLOs and CDOs are typically privately offered and sold, and thus, are not registered under the securities laws, which means less information about the security may be available as compared to publicly offered securities and only certain institutions may buy and sell them. As a result, investments in CLOs and CDOs may be characterized by the Fund as illiquid securities. An active dealer market may exist for CLOs and CDOs that can be resold in Rule 144A transactions, but there can be no assurance that such a market will exist or will be active enough for the Fund to sell such securities.

Participations and Assignments

The Fund may acquire interests in loans either directly (by way of original issuance, sale or assignment) or indirectly (by way of participation). The purchaser of an assignment typically succeeds to all the rights and obligations of the assigning institution and becomes a lender under the credit agreement with respect to the debt obligation; however, its rights can be more restricted than those of the assigning institution. Participation interests in a portion of a debt obligation typically result in a contractual relationship only with the institution participating in the interest, not with the borrower. In purchasing participations, the Fund generally will have no right to enforce compliance by the borrower with the terms of the loan agreement, nor any rights of set-off against the borrower, and the Fund may not directly benefit from the collateral supporting the debt obligation in which it has purchased the participation. As a result, the Fund will assume the credit risk of both the borrower and the institution selling the participation.

Commitments and Contingencies

Commercial loans purchased by the Fund (whether through participations or as a lender of record) may be structured to include both term loans, which are generally fully funded at the time of investment, and unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities and delayed draw term loans, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of such unfunded loan commitments. The commitment fee is typically set as a percentage of the commitment amount. As of December 31, 2024, the Fund received $3,696,586 in commitment fees. As of December 31, 2024, the Fund had the following unfunded loan commitments as noted in the Consolidated Schedule of Investments with a total principal amount, fair value and net unrealized gain (loss) of $4,193,933,841, $4,165,678,667, and $2,997,924, respectively.

Borrower	Type	Principal Amount
123Dentist, Inc.	Delayed Draw		3,080,277
123Dentist, Inc.	Delayed Draw		1,395,434
1364720 B.C. LTD	Delayed Draw		885,022
1364720 B.C. LTD	Revolver		1,497,006
A1 Garage Equity, LLC	Delayed Draw		918,333
A1 Garage Equity, LLC	Revolver		1,515,152
AAH Topco, LLC	Delayed Draw		9,235,031
AAH Topco, LLC	Revolver		423,729
AB Centers Acquisition Corporation	Delayed Draw		2,532,640
AB Centers Acquisition Corporation	Delayed Draw		2,661,250
AB Centers Acquisition Corporation	Delayed Draw		1,704,217
AB Centers Acquisition Corporation	Revolver		1,359,533
AB Centers Acquisition Corporation	Revolver		1,428,571
AB Centers Acquisition Corporation	Revolver		1,420,181
Abracon Group Holdings, LLC	Delayed Draw		2,857,068
AC Blackpoint	Delayed Draw		5,913,044
AC Blackpoint	Revolver		1,478,261
Accession Risk Management Group	Delayed Draw		13,365,625
Accession Risk Management Group	Revolver		1,750,000
Accession Risk Management Group	Revolver		278,637
Accordion Partners LLC	Delayed Draw		8,478,261
Accordion Partners LLC	Revolver		5,652,174
Accuserve Solutions, Inc.	Delayed Draw		7,375,876
Accuserve Solutions, Inc.	Revolver		6,420,456
Acentra Holdings, LLC (fka CNSI Holdings, LLC)	Delayed Draw		2,464,647
Acentra Holdings, LLC (fka CNSI Holdings, LLC)	Revolver		821,601
ACI Group Holdings, Inc.	Delayed Draw		434,767
Acquia, Inc.	Revolver		133,293
Actium Midco 3 (UK) Limited	Delayed Draw		415,247
Adelaide Borrower, LLC	Delayed Draw		7,480,202
Adelaide Borrower, LLC	Revolver		4,238,174
Advocate RCM Acquisition Corp.	Revolver		521,000
AFC-DELL Holding Corp.	Delayed Draw		2,639,324
Afore Insurance Services, LLC	Delayed Draw		6,354,000
Afore Insurance Services, LLC	Revolver		635,000
AG-Twin Brook Healthcare	Delayed Draw		58,154
AHR Intermediate, Inc.	Delayed Draw		4,123,528

Borrower	Type	Principal Amount
AirX Climate Solutions, Inc.	Delayed Draw		10,067,114
AirX Climate Solutions, Inc.	Revolver		1,030,681
AIS Holdco, LLC	Revolver		3,000,000
Alcami Corporation	Delayed Draw		244,227
Alcami Corporation	Revolver		2,518,591
Alcresta Therapeutics, Inc.	Delayed Draw		3,667,500
Alcresta Therapeutics, Inc.	Revolver		360,750
Alcresta Therapeutics, Inc.	Revolver		360,750
Alera Group Holdings, Inc.	Delayed Draw		794,745
Alera Group Holdings, Inc.	Delayed Draw		251,933
Alert SRC Newco LLC	Delayed Draw		1,307,948
Alert SRC Newco LLC	Revolver		392,384
Alkeme Intermediary Holding LLC	Delayed Draw		12,511,495
Allworth Financial Group, L.P.	Delayed Draw		9,379,086
Allworth Financial Group, L.P.	Delayed Draw		10,667,349
Allworth Financial Group, L.P.	Revolver		441,696
Allworth Financial Group, L.P.	Revolver		502,365
Alpha US Buyer, LLC	Revolver		1,963,636
Alphacoin LLC	Delayed Draw		396,000
Alphacoin LLC	Revolver		530,100
Alpine Acquisition Corp.	Revolver		223,658
Alteryx	Revolver		1,705,787
Amba Buyer, Inc.	Delayed Draw		9,445,869
AMCP Clean Acquisition Company, LLC	Delayed Draw		840,790
American Family Care	Delayed Draw		715,500
American Family Care	Revolver		278,672
AmeriLife Holdings, LLC	Delayed Draw		2,551,273
AmeriLife Holdings, LLC	Delayed Draw		356,364
AmeriLife Holdings, LLC	Revolver		3,323,169
Amerit Fleet Solutions	Revolver		1,883,333
AMI Buyer, Inc.	Revolver		1,793,010
Any Hour, LLC	Delayed Draw		6,875,635
Any Hour, LLC	Revolver		951,777
Apex Service Partners, LLC	Delayed Draw		50,836
Apex Service Partners, LLC	Delayed Draw		3,565,423
Apex Service Partners, LLC	Delayed Draw		3,547,684
Apex Service Partners, LLC	Delayed Draw		21,206
Apex Service Partners, LLC	Delayed Draw		275,534
Apex Service Partners, LLC	Delayed Draw		6,337,768
Apex Service Partners, LLC	Delayed Draw		3,960,850
Apex Service Partners, LLC	First Lien Term Loan		105,319

Borrower	Type	Principal Amount
Apex Service Partners, LLC	First Lien Term Loan		493,029
Apex Service Partners, LLC	First Lien Term Loan		249,572
Apex Service Partners, LLC	First Lien Term Loan		20,853
Apex Service Partners, LLC	Revolver		1,099,198
Apex Service Partners, LLC	Revolver		1,093,945
Apex Service Partners, LLC	Revolver		282,151
Appfire Technologies, LLC	Delayed Draw		4,850,000
Appfire Technologies, LLC	Delayed Draw		3,337,346
Appfire Technologies, LLC	Revolver		910,000
Applied Technical Services, LLC	Delayed Draw		3,352,916
Applied Technical Services, LLC	Revolver		143,900
Applied Technical Services, LLC	Revolver		43,298
Aprio Advisory Group, LLC	Delayed Draw		2,125,634
Aprio Advisory Group, LLC	Revolver		1,342,105
Apryse Software Corp.	Revolver		319,202
Aptean, Inc.	Delayed Draw		3,973,648
Aptean, Inc.	Revolver		7,281,600
Aptive Environmental, LLC	Revolver		522,738
AQ Sunshine, Inc.	Delayed Draw		9,776,412
AQ Sunshine, Inc.	Revolver		1,705,982
AquaPhoenix Scientific, LLC	Delayed Draw		690,048
Arax MidCo, LLC	Delayed Draw		3,552,082
Arax MidCo, LLC	Revolver		2,082,759
Archer Acquisition, LLC	Delayed Draw		3,990,987
Archer Acquisition, LLC	Revolver		261,174
Arcoro Holdings Corp.	Revolver		1,956,522
Arden Insurance Services LLC	Revolver		731,707
Ardonagh Midco 3 PLC	Delayed Draw		13,333,690
Ardurra Group LLC	Revolver		1,810,345
Ares Holdings LLC	Revolver		891,476
Ark Data Centers, LLC	Delayed Draw		2,968,000
Ark Data Centers, LLC	Revolver		890,400
Armada Parent, Inc.	Revolver		2,400,000
Arrow Management Acquisition	Delayed Draw		10,800,000
Arrow Management Acquisition	Revolver		902,222
Ascend Partner Services LLC	Delayed Draw		44,021,827
Ascend Partner Services LLC	Revolver		3,521,746
Ascend Plastic Surgery Partners MSO, LLC	Delayed Draw		2,703,000
Ascend Plastic Surgery Partners MSO, LLC	Revolver		548,500
ASG III, LLC	Revolver		500,000
ASP Global Holdings, LLC	Delayed Draw		1,348,773

Borrower	Type	Principal Amount
ASP Global Holdings, LLC	Revolver		1,142,180
Associated Spring U.S.	Delayed Draw		5,391,850
Associations, Inc.	Delayed Draw		5,274,129
Associations, Inc.	Revolver		2,536,292
ATIS Acquisition, Inc.	Delayed Draw		3,501,630
ATIS Acquisition, Inc.	Revolver		1,108,696
AuditBoard, Inc.	Delayed Draw		1,500,000
AuditBoard, Inc.	Revolver		600,000
Auveco Holdings, Inc.	Revolver		1,019,737
Avalara, Inc.	Revolver		2,727,273
AVSC Holding Corp.	Revolver		202,056
AVSC Holding Corp.	Revolver		1,596,833
AWI Group, LLC	Delayed Draw		122,000
AWI Group, LLC	Revolver		1,853,000
AWP Group Holdings, Inc.	Delayed Draw		13,491,736
AWP Group Holdings, Inc.	Delayed Draw		2,240,125
AWP Group Holdings, Inc.	Delayed Draw		4,682,214
AWP Group Holdings, Inc.	Revolver		400,000
AWP Group Holdings, Inc.	Revolver		1,219,418
AWP Group Holdings, Inc.	Revolver		9,535,604
AWT Holding, Inc.	Delayed Draw		1,346,683
AWT Holding, Inc.	Revolver		134,668
AWT Merger Sub, Inc.	Revolver		899,129
AXPM Dental Management, LLC	Delayed Draw		8,243,186
AXPM Dental Management, LLC	Revolver		3,131,476
Azurite Intermediate	Revolver		499,000
Badge 21 Midco Holdings LLC	Delayed Draw		6,944,444
Badge 21 Midco Holdings LLC	Revolver		2,361,111
Badia Spices, LLC	Revolver		89,070
Baker Tilly Advisory Group, LP	Delayed Draw		1,070,072
Baker Tilly Advisory Group, LP	Revolver		1,024,648
Bamboo US Bidco LLC	Delayed Draw		10,749,880
Bamboo US BidCo LLC	Delayed Draw		794,447
Bamboo US BidCo LLC	Delayed Draw		636,686
Bamboo US Bidco LLC	Delayed Draw		2,380,000
Bausch Receivables Funding LP	Revolver		5,000,000
Baxter Planning Systems, LLC	Delayed Draw		778,445
Baxter Planning Systems, LLC	Revolver		766,891
BCI Burke Holding Corp	Delayed Draw		2,713,298
BCI Burke Holding Corp	Revolver		1,238,588
Beacon Mobility Corp.	Revolver		482,298
Beacon Pointe Harmony LLC	Delayed Draw		19,587,053
Beacon Pointe Harmony LLC	Revolver		639,000

Borrower	Type	Principal Amount
Belmont Buyer, Inc.	Revolver		505,814
Benecon Midco II LLC	Revolver		5,687,500
Benefit Street Technology	Revolver		2,666,667
Bestop, Inc.	Delayed Draw		1,597,604
Bestop, Inc.	Revolver		1,217,887
Beta Plus Technologies, Inc.	Revolver		2,479,000
BetterCloud, Inc.	Revolver		2,512,669
BetterCloud, Inc.	Revolver		3,801,052
Bigtime Software, Inc.	Revolver		2,327,586
Bingo Group Buyer, Inc.	Delayed Draw		1,521,000
Bingo Group Buyer, Inc.	Revolver		573,539
Biocare Medical LLC	Revolver		2,777,778
Blackbird Purchaser, Inc.	Delayed Draw		4,377,549
Blackbird Purchaser, Inc.	Revolver		4,144,814
BlackHawk Industrial Distribution, Inc.	Delayed Draw		946,329
BlackHawk Industrial Distribution, Inc.	Revolver		148,813
Blitz K23-87 GmbH	Delayed Draw		1,312,370
Blue Cloud Pediatric Surgery Centers, LLC	Delayed Draw		2,386,638
Blue Cloud Pediatric Surgery Centers, LLC	Revolver		4,134,004
Bluefin Holding, LLC	Revolver		3,365,385
BlueHalo Global Holdings, LLC	Revolver		151,261
Bluesight, Inc.	Revolver		3,700,000
Bounteous, Inc.	Delayed Draw		865,733
Bounteous, Inc.	Revolver		1,800,000
BPCP NSA Intermedco, Inc.	Delayed Draw		3,768,202
BPCP NSA Intermedco, Inc.	Revolver		2,577,382
BPI Intermediate Holdings, Inc.	Revolver		1,200,000
BradyIFS Holdings, LLC	Delayed Draw		665,825
BradyIFS Holdings, LLC	Revolver		2,028,774
BSC Top Shelf Blocker, LLC	Revolver		294,500
BSP- FL Holdings, Inc.	Delayed Draw		5,310,344
BSP- FL Holdings, Inc.	Revolver		1,991,379
Bullhorn, Inc.	Delayed Draw		6,526,316
Bullhorn, Inc.	Revolver		2,105,263
BusinesSolver.com, Inc.	Delayed Draw		822,857
BusinesSolver.com, Inc.	Delayed Draw		1,197,576
Caldwell & Gregory LLC	Delayed Draw		3,975,000
Caldwell & Gregory LLC	Revolver		2,850,000
CAP-KSI Holdings, LLC	Revolver		1,525,924
Captive Resources Midco, LLC	Revolver		79,053
Carbon TopCo, Inc.	Revolver		2,739,726
Cards Acquisition, Inc.	Delayed Draw		5,583,456
Cards Acquisition, Inc.	Revolver		743,020

Borrower	Type	Principal Amount
Carr, Riggs and Ingram Capital, L.L.C.	Delayed Draw		7,637,346
Carr, Riggs and Ingram Capital, L.L.C.	Revolver		3,054,938
Cascade Purchaser, LLC	Revolver		676,144
Castle Management Borrower LLC	Revolver		750,000
CB Buyer, Inc.	Delayed Draw		7,188,897
CB Buyer, Inc.	Revolver		2,803,398
CC SAG Acquisition Corp.	Delayed Draw		877,180
CC SAG Acquisition Corp.	Delayed Draw		4,927,123
CC WDW Borrower, Inc.	Delayed Draw		1,631,196
Cdata Software, Inc.	Delayed Draw		1,368,505
Cdata Software, Inc.	Revolver		3,649,303
CDL Parent, Inc.	Revolver		211,587
Cedar Services Group, LLC, Pine Services Group, LLC	Delayed Draw		19,250,000
Cerity Partners, LLC	Delayed Draw		10,660,063
Cerity Partners, LLC	Delayed Draw		6,728,329
Cerity Partners, LLC	Revolver		2,201,035
Cerity Partners, LLC	Revolver		1,745,720
CF Newco, Inc.	Revolver		243,240
CFGI Holdings, LLC	Revolver		1,751,825
CFS Brands, LLC	Delayed Draw		837,398
CFS Brands, LLC	Revolver		2,439,024
Charter Industries	Revolver		539,250
Chase Intermediate, LLC	Delayed Draw		26,640,000
Chase Intermediate, LLC	Revolver		2,250,000
Cherry Bekaert Advisory LLC	Delayed Draw		318,750
Cherry Bekaert Advisory LLC	Delayed Draw		350,625
Cherry Bekaert Advisory LLC	Revolver		2,373,418
Chirisa Volo LLC	Delayed Draw		34,386,081
Circauto Bidco AB	Delayed Draw		7,514,920
Citrin Cooperman Advisors, LLC	Delayed Draw		5,171,212
Citrin Cooperman Advisors, LLC	Delayed Draw		1,590,648
CL Services Acquisition, LLC	Delayed Draw		1,108,000
Clarience Technologies LLC	Delayed Draw		1,837,190
Clarience Technologies LLC	Revolver		1,530,992
Cleo Communications Holding, LLC	Revolver		2,140,000
Climate Pros, LLC	Delayed Draw		16,500,000
CMG Holdco, LLC	Delayed Draw		836,619
Cobalt Service Partners, LLC	Delayed Draw		25,194,706
Cobalt Service Partners, LLC	Revolver		3,176,471
Cobham Holdings, Inc.	Revolver		2,343,750
Coding Solutions Acquisition, Inc.	Delayed Draw		5,600,068
Coding Solutions Acquisition, Inc.	Revolver		76,336

Borrower	Type	Principal Amount
Collision SP Subco, LLC	Delayed Draw		965,528
Collision SP Subco, LLC	Revolver		920,858
Community Management Holdings Midco 2, LLC	Delayed Draw		2,700,000
Community Management Holdings Midco 2, LLC	Revolver		810,000
Community Medical Acquisition Corp.	Revolver		22,224
ComPsych Investment Corp.	Delayed Draw		22,000,000
Concert Bidco Limited	First Lien Term Loan		3,611,752
Consor Intermediate II, LLC	Delayed Draw		19,647,887
Consor Intermediate II, LLC	Revolver		5,239,437
Continental Buyer, Inc.	Delayed Draw		5,095,541
Continental Buyer, Inc.	Delayed Draw		12,738,854
Continental Buyer, Inc.	Revolver		1,904,459
Continental Buyer, Inc.	Revolver		4,713,376
Contractual Buyer, LLC	Revolver		1,500,000
Coolsys, Inc.	Delayed Draw		2,824,074
COP HomeTown Acquisitions, Inc.	Revolver		507,500
COP HomeTown Acquisitions, Inc.	Revolver		1,049,167
COP Village Green Acquisitions, Inc.	Delayed Draw		3,118,222
COP Village Green Acquisitions, Inc.	Revolver		1,870,933
CORA Health Holdings Corp.	Revolver		519,231
CORDENTAL Group Management, LLC	Delayed Draw		10,530
CORDENTAL Group Management, LLC	Revolver		359,500
Coretrust Purchasing Group LLC	Delayed Draw		7,518,797
Coretrust Purchasing Group LLC	Revolver		4,511,278
Coreweave Compute Acquisition Co. II, LLC	Delayed Draw		4,942,344
Coupa Holdings, LLC	Delayed Draw		1,851,039
Coupa Holdings, LLC	Delayed Draw		2,167,258
Coupa Holdings, LLC	Revolver		3,076,772
CPC/Cirtec Holdings, Inc.	Revolver		361,757
CPC/Cirtec Holdings, Inc.	Revolver		105,085
CPEX Purchaser, LLC	Delayed Draw		388,697
CPEX Purchaser, LLC	Revolver		2,181,818
Cradle Lux Bidco S.A.R.L.	Delayed Draw		316,947
CRCI Longhorn Holdings, Inc.	Delayed Draw		19,411,765
CRCI Longhorn Holdings, Inc.	Delayed Draw		5,301,691
CRCI Longhorn Holdings, Inc.	Revolver		3,517,647
CRCI Longhorn Holdings, Inc.	Revolver		1,060,338
Credit Connection, LLC	Revolver		600,000
Creek Parent, Inc.	Revolver		1,355,999
Creek Parent, Inc.	Revolver		21,892,857
Crete PA Holdco, LLC	Delayed Draw		1,905,581

Borrower	Type	Principal Amount
Crete PA Holdco, LLC	Revolver		285,837
Crewline Buyer, Inc.	Revolver		5,222,499
CrossLink Professional Tax Solutions, LLC	Revolver		1,213,344
CRS TH Holdings Corp	Delayed Draw		16,904,025
CRS TH Holdings Corp	Revolver		3,095,975
CRS TH Holdings Corp	Revolver		4,237,288
CUB Financing Intermediate LLC	Delayed Draw		2,532,273
CVP Holdco, Inc.	Delayed Draw		5,882,852
CVP Holdco, Inc.	Revolver		2,353,141
CX Institutional, LLC	Delayed Draw		1,698,000
DataLink, LLC	Revolver		846,774
Datum Acquisition, LLC	Revolver		171,600
Davidson Hotel Company LLC	Delayed Draw		183,450
Davidson Hotel Company LLC	Revolver		47,952
Dawson Rated Fund Class B	Delayed Draw		12,871,409
DCG Acquisition Corp.	Delayed Draw		6,699,688
Demakes Borrower, LLC	Delayed Draw		1,152,000
Denali Bidco, Ltd.	Delayed Draw		2,249,165
Denali Buyerco LLC	Delayed Draw		3,992,195
Denali Midco 2 LLC	Delayed Draw		2,688,833
Dental365 LLC	Delayed Draw		1,064,393
Dental365 LLC	Revolver		627,889
Dentive Capital, LLC	Delayed Draw		2,614,814
Dermatopathology Laboratory Of Central States, LLC	Revolver		1,612,903
Diamond Mezzanine 24 LLC	Delayed Draw		6,000,000
Diamond Mezzanine 24 LLC	Delayed Draw		763,338
Diligent Corporation	Delayed Draw		5,728,244
Diligent Corporation	Revolver		2,484,335
Dione Bidco Limited	Delayed Draw		9,377,760
DISA Holdings Corp.	Delayed Draw		3,042,316
DISA Holdings Corp.	Revolver		1,145,569
Disco Parent, LLC	Revolver		331,390
Diverzify Intermediate LLC	Delayed Draw		17,142,857
DMC Holdco, LLC	Delayed Draw		3,917,586
DMC Holdco, LLC	Revolver		2,611,724
DT Intermediate Holdco	Delayed Draw		8,489,450
DTI Holdco, Inc.	Revolver		874,917
Dubois Chemicals, Inc.	Delayed Draw		375,940
Dubois Chemicals, Inc.	Revolver		375,940
Duggal Acquisition, LLC	Delayed Draw		682,742
Duggal Acquisition, LLC	Revolver		765,742
Duro Dyne National Corp.	Delayed Draw		9,868,421

Borrower	Type	Principal Amount
Duro Dyne National Corp.	Revolver		8,881,579
Dwyer Instruments, LLC	Delayed Draw		372,319
Dwyer Instruments, LLC	Revolver		183,734
Dwyer Instruments, LLC	Revolver		30,264
Dwyer Instruments, LLC	Revolver		1,978,068
Dwyer Instruments, LLC	Delayed Draw		984,420
Dwyer Instruments, LLC	Revolver		1,755,946
Eagle Family Foods, Inc.	Revolver		2,921,348
Easypark Strategy AB	Delayed Draw		9,858,875
Eclipse Buyer, Inc.	Delayed Draw		1,950,185
Eclipse Buyer, Inc.	Delayed Draw		8,258,441
Eclipse Buyer, Inc.	Revolver		4,189,944
EdgeCo Buyer, Inc.	Delayed Draw		13,795,694
EdgeCo Buyer, Inc.	Revolver		1,379,569
Edmunds GovTech, Inc.	Delayed Draw		10,714,286
EDPO, LLC	Delayed Draw		393,333
EIS Legacy Holdco, LLC	Delayed Draw		852,273
EIS Legacy Holdco, LLC	Revolver		250,000
Emergency Care Partners, LLC	Delayed Draw		5,720,414
Emergency Care Partners, LLC	Revolver		2,092,020
Empower Payments Investor, LLC	Delayed Draw		3,738,372
Empower Payments Investor, LLC	Delayed Draw		3,864,597
Empower Payments Investor, LLC	Revolver		1,993,798
Empower Payments Investor, LLC	Revolver		2,325,581
Empyrean Solutions LLC	Delayed Draw		4,976,959
Empyrean Solutions LLC	Revolver		1,866,359
Endodontic Practice Partners LLC	Delayed Draw		2,684,980
Energy Acquisition LP	Delayed Draw		2,548,000
ENT MSO LLC	Delayed Draw		2,366,544
ENT MSO LLC	Revolver		119,764
Enverus Holdings, Inc.	Delayed Draw		2,265,810
Enverus Holdings, Inc.	Delayed Draw		1,929,571
Enverus Holdings, Inc.	Revolver		3,227,889
Enverus Holdings, Inc.	Revolver		2,709,610
EOS Fitness Opco Holdings, LLC	Delayed Draw		897,542
EP Wealth Advisors, LLC	Delayed Draw		3,900,000
Equinox Holdings, Inc.	Second Lien Term Loan		1,778
ERC Holdings, LLC	Revolver		347,929
ERC Holdings, LLC	Revolver		1,631,604
ESG Investments, Inc.	Delayed Draw		2,491,071
ESG Investments, Inc.	Revolver		2,142,857
Esquire Deposition Solutions, LLC	Revolver		1,440,042

Borrower	Type	Principal Amount
Essential Services Holding Corporation	Delayed Draw		1
Essential Services Holding Corporation	Delayed Draw		2,081,784
Essential Services Holding Corporation	Revolver		1,301,115
Everbridge Holdings, LLC	Delayed Draw		3,377,778
Everbridge Holdings, LLC	Revolver		2,222,222
Evergreen Services Group II	Revolver		4,208,333
Evolent Health LLC	Delayed Draw		5,961,685
Evolent Health LLC	Revolver		200
Exactcare Parent, Inc.	Revolver		1,032,787
Excel Fitness Holdings, Inc.	Delayed Draw		2,613,424
Excelitas Technologies Corp.	Delayed Draw		1,945,304
Expereo USA, Inc.	Delayed Draw		836,655
Expereo USA, Inc.	Revolver		268,370
Fastener Distribution Holdings, LLC	Delayed Draw		787,352
Fastlap LLC	Delayed Draw		1,848,000
Fastlap LLC	Revolver		88,350
FC Compassus, LLC	Delayed Draw		2,377,215
Fenix Topco, LLC	Delayed Draw		5,439,093
FH DMI Buyer, Inc.	Delayed Draw		3,055,096
FH DMI Buyer, Inc.	Revolver		916,529
Financiere N	Delayed Draw		17,380,000
Finastra USA, Inc.	Revolver		6,864,661
Fingerpaint Marketing, Inc.	Delayed Draw		1,546,934
Fingerpaint Marketing, Inc.	Revolver		336,022
Fingerpaint Marketing, Inc.	Revolver		1,612,903
Flatiron Energy Holdco LLC	Delayed Draw		1,430,000
Flint OpCo, LLC	Delayed Draw		2,203,271
Flint OpCo, LLC	Revolver		1,026,252
Flow Control Solutions, Inc.	Delayed Draw		1,482,736
Flow Control Solutions, Inc.	Revolver		806,287
Flow Control Solutions, Inc.	Revolver		420,949
FLS Holding, Inc.	Revolver		1,000,000
Fortis Solutions Group, LLC	Delayed Draw		6,876,667
Fortis Solutions Group, LLC	Delayed Draw		6,876,667
Fortis Solutions Group, LLC	Revolver		576,606
Fortis Solutions Group, LLC	Revolver		1,169,415
Foundation Risk Partners, Corp.	Delayed Draw		2,062,500
Foundation Risk Partners, Corp.	Delayed Draw		15,781,846
Foundation Risk Partners, Corp.	Revolver		359,993
Foundation Risk Partners, Corp.	Revolver		10,435,119
FR Vision Holdings, Inc.	Revolver		352,951
FSS Buyer LLC	Revolver		1,610,390
Fullsteam Operations LLC	Delayed Draw		5,153,128

Borrower	Type	Principal Amount
Fullsteam Operations LLC	Revolver		280,593
Fyzical Buyer, LLC	Revolver		215,940
Gainsight, Inc.	Revolver		1,350,000
Galileo Parent, Inc.	Revolver		2,560,621
Galway Borrower, LLC	Delayed Draw		69,804,621
Galway Borrower, LLC	Delayed Draw		1,985,670
Galway Borrower, LLC	Delayed Draw		3,924,512
Galway Borrower, LLC	Revolver		4,941,856
Galway Borrower, LLC	Revolver		541,116
Galway Borrower, LLC	Revolver		387,286
Galway Borrower, LLC	Revolver		3,119
Galway Borrower, LLC	Revolver		443,461
Galway Borrower, LLC	Revolver		260,201
Gateway US Holdings, Inc.	Delayed Draw		1,400,000
Gateway US Holdings, Inc.	Revolver		854,815
Gateway US Holdings, Inc.	Revolver		1,059,583
Geo TopCo Corporation	Revolver		4,349,921
GeoStabilization International, LLC	Delayed Draw		17,399,682
Gestion ABS Bidco, Inc.	Delayed Draw		5,531,381
Gestion ABS Bidco, Inc.	Revolver		1,659,414
GHX Ultimate Parent Corporation	Revolver		4,956,507
Global Critical Logistics LLC	Delayed Draw		4,666,667
Global Music Rights	Revolver		81,000,000
GMES Intermediate Holdings, LLC	Delayed Draw		3,431,611
GMES Intermediate Holdings, LLC	Revolver		3,384,615
Gold Medal Services LLC	Delayed Draw		739,742
Gold Medal Services LLC	Revolver		243,112
GovBrands Intermediate, Inc.	Revolver		601,144
GovDelivery Holdings, LLC	Delayed Draw		2,514,000
GovDelivery Holdings, LLC	Delayed Draw		1,400,253
GovDelivery Holdings, LLC	Revolver		307,018
GovDelivery Holdings, LLC	Revolver		6,754,386
GovDelivery Holdings, LLC	Revolver		4,133,979
GovernmentJobs.com, Inc.	Revolver		1,264,680
Govos, Inc.	Revolver		498,000
Graffiti Buyer, Inc.	Delayed Draw		969,839
Graffiti Buyer, Inc.	Delayed Draw		3,236,979
Graffiti Buyer, Inc.	Revolver		924,851
Gray Matter Systems	Delayed Draw		609,400
Gray Matter Systems	Revolver		466,500
Great Kitchens Food Company, Inc.	Revolver		1,299,435
Groome Transportation of Arizona, LLC	Revolver		1,475,322
Ground Penetrating Radar Systems, LLC	Delayed Draw		18,054,911

Borrower	Type	Principal Amount
Ground Penetrating Radar Systems, LLC	Revolver		988,372
Ground Penetrating Radar Systems, LLC	Revolver		6,984,858
GS Acquisitionco, Inc.	Delayed Draw		1,078,000
GS Acquisitionco, Inc.	Revolver		396,193
GS Acquisitionco, Inc.	Revolver		690,589
GS Seer Group Borrower LLC	Delayed Draw		1,321,349
GS Seer Group Borrower LLC	Revolver		733,945
GS XX Corporation	Revolver		311,000
GSV Holding, LLC	Revolver		1,602,036
Guardian Restoration Partners Buyer, LLC	Delayed Draw		2,353,188
Guardian Restoration Partners Buyer, LLC	Revolver		533,017
Guidehouse, Inc.	First Lien Term Loan		38,662
Guidehouse, Inc.	First Lien Term Loan		12,125
Guidehouse, Inc.	First Lien Term Loan		23,433
H2 Holdco, Inc.	Delayed Draw		910,105
Harley Exteriors Acquisition, LLC	Delayed Draw		514,000
Harley Exteriors Acquisition, LLC	Revolver		172,800
HASA Acquisition, LLC	Delayed Draw		755,279
HASA Acquisition, LLC	Revolver		786,749
HBWM Intermediate II, LLC	Delayed Draw		20,946,587
HBWM Intermediate II, LLC	Revolver		3,875,119
HCR Commerical Roofing Holdings, Inc.	Revolver		88,800
HealthEdge Software, Inc.	Revolver		442,000
HeartLand PPC Buyer, LLC	Delayed Draw		1,757,755
HeartLand PPC Buyer, LLC	Revolver		2,615,833
HEC Purchaser Corp.	Revolver		779,946
Helium Acquirer Corporation	Revolver		1,159,767
HemaSource, Inc.	Revolver		4,125,000
Higginbotham Insurance Agency, Inc.	Delayed Draw		13,834,737
High Bar Brands Operating, LLC	Delayed Draw		1,912,493
High Bar Brands Operating, LLC	Revolver		1,508,774
Home Service Topco IV, Inc.	Delayed Draw		4,757,325
Home Service Topco IV, Inc.	Revolver		1,066,677
Homecare Software Solutions LLC	Revolver		1,415,094
HPS Specialty Loan Fund V Feeder, L.P.	First Lien Term Loan		60,973,182
HS Spa Holdings, Inc.	Delayed Draw		127,500
HS Spa Holdings, Inc.	Revolver		221,893
HSI Halo Acquisition, Inc.	Delayed Draw		1,746,952
HSI Halo Acquisition, Inc.	Revolver		1,711,863
HT Intermediary III, Inc.	Delayed Draw		285,714
HT Intermediary III, Inc.	Delayed Draw		3,563,636

Borrower	Type	Principal Amount
HT Intermediary III, Inc.	Revolver		92,857
HT Intermediary III, Inc.	Revolver		1,291,818
HTI Intermediate, LLC	Delayed Draw		423,000
HTI Intermediate, LLC	Revolver		226,000
Hydraulic Technologies USA LLC	Revolver		2,707,710
Hyland Software, Inc.	Revolver		2,262,444
Icefall Parent, Inc.	Revolver		1,281,729
iCIMS, Inc.	Revolver		1,110,476
Iconic Purchaser Corporation	Revolver		43,077
ID Label Holdings, Inc.	Revolver		1,000,000
IEQ MIDCO III, LLC	Delayed Draw		6,721,219
IFH Franchisee Holdings LLC	Delayed Draw		626,715
IFH Franchisee Holdings LLC	Revolver		333
IG Investment Holdings, LLC	Revolver		1,176,256
IG Investment Holdings, LLC	Revolver		942,148
IG Investment Holdings, LLC	Revolver		777,858
IG Investment Holdings, LLC	Revolver		3,403,722
Imagine 360 LLC	Delayed Draw		2,404,220
Imagine 360 LLC	Revolver		1,023,922
Imagine Acquisitionco, Inc.	Revolver		1,099,678
Indigo Buyer, Inc.	Delayed Draw		24,500,000
Indigo Buyer, Inc.	Delayed Draw		711,335
Indigo Buyer, Inc.	Revolver		800,000
Infinity Home Services Holdco, Inc.	Delayed Draw		3,705,140
Innovative Discovery, LLC	Revolver		1,128,000
Innovetive Petcare, LLC	Delayed Draw		256,481
Innovetive Petcare, LLC	Delayed Draw		820,640
Inovex Information Systems Incorporated	Delayed Draw		3,279,857
Inovex Information Systems Incorporated	Revolver		2,181,818
Integrated Power Services Holdings, Inc.	Delayed Draw		8,602,087
Integrated Power Services Holdings, Inc.	Revolver		144,127
Integrity Marketing Acquisition, LLC	Delayed Draw		219,956
Integrity Marketing Acquisition, LLC	Delayed Draw		22,214,719
Integrity Marketing Acquisition, LLC	Delayed Draw		15,177,020
Integrity Marketing Acquisition, LLC	Revolver		7,182,721
INTEL 471, Inc.	Delayed Draw		9,687,500
Invicti Intermediate 2, LLC	Revolver		1,090,909
IQN Holding Corp.	Delayed Draw		1,262,567
IQN Holding Corp.	Revolver		737,968
IQN Holding Corp.	Revolver		351,337
IvyRehab Intermediate II, LLC	Delayed Draw		23,610,000
IvyRehab Intermediate II, LLC	Delayed Draw		15,000,000
IvyRehab Intermediate II, LLC	Revolver		1,043,860

Borrower	Type	Principal Amount
J.S. Held Holdings LLC	Delayed Draw		688,688
J.S. Held Holdings LLC	Delayed Draw		212,158
J.S. Held Holdings LLC	Revolver		324,010
JHCC Holdings LLC	Delayed Draw		2,345,338
JTM Foods, LLC	Revolver		111,919
KabaFusion Parent LLC	Revolver		250,000
KabaFusion Parent LLC	Revolver		2,500,000
Kano Intermediate, Inc.	Delayed Draw		7,676,768
Kano Intermediate, Inc.	Revolver		1,919,192
Kaseya, Inc.	Delayed Draw		3,050,400
Kaseya, Inc.	Revolver		3,070,511
KBP Investments LLC	Delayed Draw		3,444,691
Keel Platform, LLC	Delayed Draw		2,602,824
KENE Acquisition, Inc.	Delayed Draw		4,449,439
KENE Acquisition, Inc.	Delayed Draw		4,530,678
KENE Acquisition, Inc.	Revolver		1,685,393
KENE Acquisition, Inc.	Revolver		1,716,166
KENG Acquisition, Inc.	Delayed Draw		5,005,974
KENG Acquisition, Inc.	Delayed Draw		2,540,323
KENG Acquisition, Inc.	Revolver		3,266,129
Keystone Agency Partners LLC	Delayed Draw		2,265,971
Keystone Partners, LLC	Delayed Draw		343,280
Keystone Partners, LLC	Revolver		352,000
Kittyhawk, Inc.	Revolver		466,500
Kleinfelder Intermediate LLC	Delayed Draw		2,213,115
Kleinfelder Intermediate LLC	Revolver		736,475
KPA Parent Holdings, LLC	Revolver		1,301,731
KPSKY Acquisition, Inc.	Delayed Draw		54,340,000
Kravet Design, LLC	Revolver		2,275,606
KRIV Acquisition Inc.	Delayed Draw		13,903,846
KRIV Acquisition Inc.	Delayed Draw		4,585,000
KRIV Acquisition Inc.	Revolver		2,760,532
KWOL Acquisition, Inc.	Revolver		2,353,556
KWOL Acquisition, Inc.	Revolver		800,881
KWOR Acquisition, Inc.	Revolver		18,293
L & J Holding Company, LLC	Delayed Draw		1,285,000
L & J Holding Company, LLC	Revolver		288,000
LabVantage Solutions, Inc.	Revolver		283,750
Lawn Care Holdings Purchaser, Inc.	Delayed Draw		2,760,320
Lawn Care Holdings Purchaser, Inc.	Revolver		488,600
LeadsOnline, LLC	Revolver		1,176,470
LeadVenture, Inc.	Delayed Draw		2,514,887
LeadVenture, Inc.	Delayed Draw		8,449,441

Borrower	Type	Principal Amount
LeadVenture, Inc.	Revolver		1,033,723
LeadVenture, Inc.	Revolver		3,791,844
LeaseCrunch, LLC	Revolver		735,000
Legends Hospitality Holding Company, LLC	Delayed Draw		3,135,614
Legends Hospitality Holding Company, LLC	Revolver		5,644,104
Lehman Pipe Buyer, LLC	Revolver		693,750
Liberty Purchaser, LLC	Revolver		120,397
Lido Advisors, LLC	Delayed Draw		6,665,205
Lido Advisors, LLC	Revolver		308,000
Life Science Intermediate Holdings, LLC	Delayed Draw		3,880,000
Lightbeam Bidco, Inc.	Delayed Draw		2,935,777
Lightbeam Bidco, Inc.	Revolver		934,761
Link Apartments Opportunity Zone REIT	Delayed Draw		763,636
Litera Bidco LLC	Delayed Draw		7,190,869
Litera Bidco LLC	Delayed Draw		3,542,001
Litera Bidco LLC	Revolver		341,799
LivTech Purchaser, Inc.	Delayed Draw		1,055,013
LivTech Purchaser, Inc.	Revolver		274,865
LJ Avalon Holdings, LLC	Delayed Draw		3,017,241
LJ Avalon Holdings, LLC	Revolver		1,034,483
LogRhythm, Inc.	Revolver		2,850,773
Magneto Components Buyco, LLC	Delayed Draw		3,636,364
Magneto Components Buyco, LLC	Revolver		3,030,303
MAI Capital Management Intermediate LLC	Delayed Draw		15,550,382
MAI Capital Management Intermediate LLC	Revolver		7,391,429
Majco LLC	Delayed Draw		1,432,620
Majco LLC	Revolver		1,666,667
Mammoth Holdings, LLC	Revolver		681,818
Management Consulting & Research, LLC	Delayed Draw		25,371,429
Management Consulting & Research, LLC	Revolver		1,514,392
Management Consulting & Research, LLC	Revolver		1,630,824
Mandrake BidCo, Inc.	Revolver		724,000
ManTech International Corporation	Delayed Draw		8,616,244
ManTech International Corporation	Revolver		6,744,017
Margaritaville Enterprises LLC	Revolver		312,500
Marina Acquisition, Inc.	Revolver		1,429,513
Markon, LLC	Delayed Draw		10,833,333
Markon, LLC	Revolver		2,500,000
Marmic Fire & Life Safety Co.	Delayed Draw		5,316,667
Marmic Fire & Life Safety Co.	Revolver		2,602,564
MB2 Dental Solutions, LLC	Delayed Draw		4,293,283
MB2 Dental Solutions, LLC	Delayed Draw		22,315,583
MB2 Dental Solutions, LLC	Revolver		661,147

Borrower	Type	Principal Amount
MB2 Dental Solutions, LLC	Revolver		888,102
MB2 Dental Solutions, LLC	Revolver		532,920
MBS Holdings, Inc.	Revolver		1,118,644
Mc Group Ventures Corporation	Delayed Draw		1,524,038
Mc Group Ventures Corporation	Delayed Draw		7,211,538
Mclarens Midco, Inc.	Delayed Draw		907,014
MEI Buyer, LLC	Revolver		2,079,379
Mercury Bidco LLC	Revolver		3,061,225
Metatiedot Bidco Oy	Delayed Draw		155,504
Metatiedot Bidco Oy	Revolver		87,651
MGT Merger Target, LLC	Delayed Draw		7,162,472
MGT Merger Target, LLC	Revolver		1,939,655
Millstone Medical Outsourcing, LLC	Revolver		3,018,868
Mindbody, Inc.	Revolver		1,428,571
MIS Acquisition, LLC	Revolver		2,133,333
Mist Holding Co.	Delayed Draw		4,617,897
Mist Holding Co.	Revolver		1,068,545
Misys Ltd.	Revolver		292,742
MN Acquisition, Inc.	Revolver		725,628
Monotype Imaging Holdings, Inc.	Delayed Draw		2,644,828
Monotype Imaging Holdings, Inc.	Revolver		5,172,414
Monroe Engineering Group LLC	Delayed Draw		16,224,000
More Cowbell II LLC	Delayed Draw		7,562,543
More Cowbell II LLC	Revolver		4,505,056
Motion & Control Enterprises LLC	Delayed Draw		2,785,793
Motion & Control Enterprises LLC	Revolver		282,113
Mountain Parent, Inc.	Delayed Draw		11,655,000
Mountain Parent, Inc.	Revolver		6,216,000
Mountainside Fitness Acquisitions, LLC	Delayed Draw		2,373,000
Mountainside Fitness Acquisitions, LLC	Revolver		950,000
Movati Athletic Group, Inc.	Delayed Draw		908,298
Movati Athletic Group, Inc.	Delayed Draw		2,737,626
Movati Athletic Group, Inc.	Revolver		2,461,953
Movati Athletic Group, Inc.	Revolver		260,870
MRI Software, LLC	Delayed Draw		36,998,500
MRI Software, LLC	Delayed Draw		647,268
MRI Software, LLC	Revolver		1,468,506
MRI Software, LLC	Revolver		2,903,952
MRI Software, LLC	Revolver		6,990,966
MRI Software, LLC	Revolver		82,938
My Buyer, LLC	Delayed Draw		564,000
My Buyer, LLC	Revolver		268,375
Myorthos Management, LLC	Revolver		286,982

Borrower	Type	Principal Amount
National Dentex Labs LLC	Delayed Draw		114,943
National Dentex Labs, LLC	Revolver		110,345
Nelipak Holding Company	Delayed Draw		17,407,322
Nelipak Holding Company	Revolver		3,344,571
Net Health Acquisition Corp	Revolver		2,966,368
Netsmart Technologies, Inc.	Delayed Draw		12,374,078
Netsmart Technologies, Inc.	Revolver		12,621,778
Netwrix Corporation And Concept Searching, Inc.	Delayed Draw		7,131,145
Netwrix Corporation And Concept Searching, Inc.	Delayed Draw		9,224,979
Netwrix Corporation And Concept Searching, Inc.	Revolver		2,870,000
Next HoldCo, LLC	Delayed Draw		18,956,199
Next HoldCo, LLC	Revolver		7,114,625
NFM & J, LP	Delayed Draw		4,942,969
NFM & J, LP	Revolver		1,224,609
NL1 Acquire Corp.	Revolver		715,324
North Star Acquisitionco LLC	Revolver		1,004,593
Northstar Recycling, Inc.	Delayed Draw		4,411,765
Northstar Recycling, Inc.	Revolver		2,941,176
Northstar Recycling, Inc.	Revolver		2,000,000
NRP Generation, LLC	Delayed Draw		11,500,000
NWI MERGER SUB, INC.	Delayed Draw		3,366,000
NWI MERGER SUB, INC.	Revolver		1,306,000
Oakbridge Insurance Agency LLC	Delayed Draw		2,662,724
Oakbridge Insurance Agency LLC	Revolver		518,135
OB Hospitalist Group	Revolver		2,862,595
OEConnection LLC	Delayed Draw		13,526,091
OEConnection LLC	Revolver		8,453,806
OIA Acquisition, LLC	Revolver		1,328,571
Oil Changer Holding Corporation	Delayed Draw		1,193,298
OIS Management Services, LLC	Revolver		1,423,077
Oliver Packaging, LLC	Revolver		892,221
Olympic Buyer, Inc.	Revolver		1,598,039
OMH-Healthedge Holdings, Inc.	Revolver		488,722
Omni Fiber, LLC	Delayed Draw		16,666,667
OneCare Media, LLC	Revolver		1,333,333
OneZero	Delayed Draw		6,394,231
OneZero	Revolver		4,567,308
Ons Mso, LLC	Delayed Draw		3,350,887
Ons Mso, LLC	Revolver		701,757
Ons Mso, LLC	Revolver		2,554,016
Onsite Holdings, LLC	Revolver		981,521

Borrower	Type	Principal Amount
Onyx-Fire Protection Services, Inc.	Delayed Draw		1,874,263
Onyx-Fire Protection Services, Inc.	Revolver		2,959,363
Optimizely North America Inc.	Revolver		4,701,528
Oracle Vision Holdco Limited	Delayed Draw		3,503,182
Oral Surgery Partners, LLC	Delayed Draw		3,660,562
Oranje Holdco, Inc.	Revolver		1,629,556
Org USME Buyer, LLC	Revolver		93,623
Orion Group FM Holdings, LLC	Delayed Draw		5,644,737
Orion Group FM Holdings, LLC	Delayed Draw		23,157,895
Orion Group FM Holdings, LLC	Revolver		3,328,947
OSP Hamilton Purchaser, LLC	Delayed Draw		29,517,937
OSP Hamilton Purchaser, LLC	Revolver		4,200,000
Otter Learning, LLC	Delayed Draw		986,947
Otter Learning, LLC	Revolver		1,000,000
Outerbox, LLC	Delayed Draw		533,000
Outerbox, LLC	Revolver		298,000
PAG Holding Corporation	Revolver		772,062
PAG Holding Corporation	Revolver		1,525,116
Palmetto Technology Group, LLC	Delayed Draw		1,243,620
Palmetto Technology Group, LLC	Revolver		118,220
Pareto Health Intermediate Holdings, Inc.	Delayed Draw		14,842,360
Pareto Health Intermediate Holdings, Inc.	Revolver		1,651,376
Pareto Health Intermediate Holdings, Inc.	Revolver		201,613
Paris US Holdco, Inc.	Delayed Draw		1,079,157
Paris US Holdco, Inc.	Revolver		764,932
Park Place Technologies, LLC	Delayed Draw		6,131,708
Park Place Technologies, LLC	Revolver		2,385,234
PAS Parent, Inc.	Delayed Draw		8,607,000
PAS Parent, Inc.	Revolver		519,990
Pathstone Family Office, LLC	Revolver		1,340,256
Pathstone Family Office, LLC	Revolver		1,084,049
Patriot Growth Insurance Services, LLC	Delayed Draw		14,314,000
Patriot Growth Insurance Services, LLC	Revolver		1,736,897
Pavion Corp.	Delayed Draw		445,667
PC Dreamscape Opco, Inc.	Delayed Draw		3,289,474
PC Dreamscape Opco, Inc.	Revolver		1,315,789
PCS Software, Inc.	Revolver		206,104
PDI TA Holdings, Inc.	Delayed Draw		2,295,200
PDI TA Holdings, Inc.	Delayed Draw		1,824,994
PDI TA Holdings, Inc.	Revolver		2,300,000
PDI TA Holdings, Inc.	Revolver		1,812,908
PDQ.com Corporation	Delayed Draw		11,921,850
PDQ.com Corporation	Revolver		8,343,653

Borrower	Type	Principal Amount
Pediatric Home Respiratory Services LLC	Delayed Draw		4,800,000
Pediatric Home Respiratory Services LLC	Revolver		2,240,000
Pele Buyer LLC	First Lien Term Loan		1,320
Pele Buyer LLC	First Lien Term Loan		51
Pele Buyer LLC	First Lien Term Loan		1,506
Penn TRGRP Holdings, LLC	Delayed Draw		303,228
Penn TRGRP Holdings, LLC	Delayed Draw		433,183
Penn TRGRP Holdings, LLC	Revolver		6,289,245
People Corporation	Delayed Draw		4,539,633
Peter C. Foy & Associates Insurance Services, LLC	Delayed Draw		1,853,566
Petra Borrower, LLC	Delayed Draw		3,041,661
Petra Borrower, LLC	Revolver		1,404,805
Petrus Buyer, Inc.	Delayed Draw		2,395,604
Petrus Buyer, Inc.	Revolver		1,923,077
PetVet Care Centers, LLC	Delayed Draw		5,188,750
PetVet Care Centers, LLC	Revolver		5,188,750
Phantom Purchaser, Inc.	Revolver		3,158,191
PharmaForceIQ Acquisition, Inc.	Revolver		273,600
Pharmalogic Holdings Corp.	Delayed Draw		8,838,384
Phoenix 1 Buyer Corporation	Revolver		5,051,639
Phynet Dermatology LLC	Delayed Draw		11,133,125
Phynet Dermatology LLC	Revolver		139,381
Ping Identity Holding Corp.	Revolver		216,898
Pinnacle Treatment Centers, Inc.	Revolver		680,502
Pinnacle Treatment Centers, Inc.	Revolver		385,425
PLA Buyer, LLC	Delayed Draw		698,593
PLA Buyer, LLC	Revolver		1,397,186
Playpower, Inc.	Revolver		3,282,828
Polaris Labs Acquisition, LLC	Revolver		277,500
Polycorp Ltd.	Delayed Draw		5,340,000
Polycorp Ltd.	Revolver		1,123,500
Power Grid Holdings, Inc.	Revolver		7,410,000
Power Grid Holdings, Inc.	Revolver		3,449,535
PowerGEM Buyer, Inc.	Delayed Draw		9,500,000
PowerGEM Buyer, Inc.	Revolver		3,500,000
POY Holdings, LLC	Delayed Draw		1,225,000
PPV Intermediate Holdings LLC	Delayed Draw		4,250,000
PPV Intermediate Holdings LLC	Revolver		2,538,076
Premier Care Dental Management, LLC	Delayed Draw		2,706,381
Premier Care Dental Management, LLC	Revolver		617,208
Premier Early Childhood Education Partners LLC	Delayed Draw		1,636,580

Borrower	Type	Principal Amount
Premise Health Holding Corp.	Revolver		2,037,609
Premium Group B2	Delayed Draw		4,182,812
Process Insights Acquisition, Inc.	Delayed Draw		1,620,679
Process Insights Acquisition, Inc.	Revolver		212,309
ProcessUnity Holdings, LLC	Revolver		250,000
Project Accelerate Parent, LLC	Revolver		6,250,000
Propio LS LLC	Revolver		1,929,676
PT Intermediate Holdings III, LLC	Delayed Draw		1,250,250
PT Intermediate Holdings III, LLC	Delayed Draw		3,737,391
PT&C Group, LLC	Delayed Draw		1,621,567
PT&C Group, LLC	Revolver		1,059,000
QBS Parent, Inc.	Revolver		8,438,049
QF Holdings, Inc.	Revolver		87,719
Qin’s Buffalo, LLC	Delayed Draw		585,173
Quality Automotive Services, LLC	Delayed Draw		1,042,370
Quality Automotive Services, LLC	Revolver		1,477,132
Quantic Electronics, LLC	Revolver		92,840
Questel International	First Lien Term Loan		14,256
Questel International	First Lien Term Loan		117,176
Quick Quack Car Wash Holdings, LLC	Delayed Draw		4,153,333
Quick Quack Car Wash Holdings, LLC	Revolver		2,333,333
QVF Acquisition, Inc.	Delayed Draw		2,727,272
QVF Acquisition, Inc.	Revolver		1,727,273
R&T Acquisitions, LLC	Delayed Draw		5,770,569
R&T Acquisitions, LLC	Revolver		2,308,228
R1 Holdings LLC	Delayed Draw		2,249,050
R1 Holdings LLC	Revolver		2,097,285
Race Winning Brands, Inc.	Revolver		1,979,167
Radwell Parent, LLC	Delayed Draw		8,449,219
Radwell Parent, LLC	Revolver		2,337,040
Rally Buyer, Inc.	Revolver		285,000
Rally Buyer, Inc.	Revolver		319,614
Raney’s, LLC	Revolver		105,600
Ranger Buyer, Inc.	Revolver		1,923,077
Raven Buyer, Inc.	Revolver		286,364
RB Holdings Interco, LLC	Revolver		115,423
Rbmedia	Revolver		1,497,326
RCS Industrials	Revolver		285,714
Reagent Chemical Research, Inc.	Revolver		583,000
Recorded Future, Inc.	Delayed Draw		863,500
Recorded Future, Inc.	Revolver		535,227
Red Fox CD Acquisition Corporation	Delayed Draw		5,483,559

Borrower	Type	Principal Amount
Redwood Services Group, LLC	Delayed Draw		345,962
Redwood Services Group, LLC	Delayed Draw		41,317
RefrigiWear, LLC	Revolver		2,601,896
Regent Holding Company, LLC	Revolver		1,917,293
Relevant Industrial, LLC	Delayed Draw		2,446,043
Relevant Industrial, LLC	Revolver		1,079,137
Renovation Systems, LLC	Delayed Draw		1,501,500
Renovation Systems, LLC	Revolver		48,010
Rep Behavioral Health	Delayed Draw		4,615,385
Rep Behavioral Health	Revolver		2,115,385
Revalize, Inc.	Revolver		102,150
RFS Opco LLC	Delayed Draw		3,685,905
Rialto Management Group, LLC	Revolver		158,565
Ridge Trail US Bidco, Inc.	Delayed Draw		15,957,447
Ridge Trail US Bidco, Inc.	Revolver		1,437,008
Ridge Trail US Bidco, Inc.	Revolver		2,445,971
Riskonnect Parent, LLC	Delayed Draw		35,000,000
Riskonnect Parent, LLC	Revolver		5,140,200
Riverside Assessments, LLC	Revolver		4,402,519
RJW Group Holdings, Inc.	Delayed Draw		1,217,391
RKD Group, LLC	Delayed Draw		257,142
Rotation Buyer, LLC	Delayed Draw		473,934
Rotation Buyer, LLC	Revolver		188,209
RPC Topco, Inc.	Revolver		3,030,303
RPM Intermediate Holdings, Inc.	Delayed Draw		1,294,643
RSC Acquisition, Inc.	Revolver		8,690,548
RSC Insurance Brokerage, Inc.	Delayed Draw		12,600,000
RSC Insurance Brokerage, Inc.	Revolver		1,400,000
Runway Bidco, LLC	Delayed Draw		13,149,349
Runway Bidco, LLC	Revolver		6,611,573
RWA Wealth Partners, LLC	Delayed Draw		1,684,630
RWA Wealth Partners, LLC	Revolver		529,926
Saab Purchaser, Inc.	Delayed Draw		9,574,468
Saab Purchaser, Inc.	Revolver		4,787,234
Safety Borrower Holdings	Revolver		508,475
Sage Dental Management, LLC	Delayed Draw		2,122,013
Sage Dental Management, LLC	Revolver		1,350,800
SailPoint Technologies, Inc.	Revolver		483,072
Sako and Partners Lower Holdings LLC	Delayed Draw		3,549,655
Sako and Partners Lower Holdings LLC	Revolver		104,368
Sapphire Software Buyer, Inc.	Revolver		1,890,791
SDG Mgmt Company, LLC	Delayed Draw		7,889,062
SDG Mgmt Company, LLC	Revolver		525,938

Borrower	Type	Principal Amount
Secret Bidco Limited	Delayed Draw		1,938,895
Secret Bidco Limited	Revolver		1,163,337
Securonix, Inc.	Revolver		2,236,581
SEI Holding I Corporation	Delayed Draw		6,606,387
SEI Holding I Corporation	Revolver		1,048,686
SEI Holding I Corporation	Revolver		1,003,270
Seismic Software, Inc.	Delayed Draw		7,993,721
Seismic Software, Inc.	Revolver		272,390
Seko Global Logistics Network, LLC	Revolver		26,667
SePro Holdings, LLC	Delayed Draw		5,416,667
SePro Holdings, LLC	Revolver		5,416,667
Severin Acquisition, LLC	Delayed Draw		13,385,827
Severin Acquisition, LLC	Revolver		8,031,496
SG Acquisition, Inc.	Revolver		3,643,725
Shock Doctor Intermediate LLC	Revolver		2,099,664
SIB Corp.	Delayed Draw		2,571,153
SIB Corp.	Revolver		214,922
Signature Dental Partners LLC	Delayed Draw		1,380,783
Signature MD, Inc.	Delayed Draw		650,997
Signature MD, Inc.	Revolver		338,335
Simplicity Financial Marketing Holdings, Inc.	Delayed Draw		19,782,831
Simplicity Financial Marketing Holdings, Inc.	Revolver		1,388,467
SintecMedia NYC, Inc.	Revolver		762,712
Smile Doctors, LLC	Delayed Draw		1,987,500
Smile Doctors, LLC	Revolver		2,208,481
Sonar Acquisitionco, Inc.	Delayed Draw		17,358,491
Sonar Acquisitionco, Inc.	Revolver		2,264,151
Sonny’s Enterprises, LLC	Revolver		322,029
Sonny’s Enterprises, LLC	Revolver		640,244
Southern Air & Heat Holdings, LLC	First Lien Term Loan		23,209,565
Southern Orthodontic Partners Management, LLC	Delayed Draw		1,517,658
Southpaw AP Buyer, LLC	Delayed Draw		135,417
Southpaw AP Buyer, LLC	Revolver		451,389
Spaceship Purchaser, Inc.	Delayed Draw		1,406,885
Spaceship Purchaser, Inc.	Revolver		927,593
Spanx, LLC	Revolver		12,096,621
Spark Purchaser, Inc.	Revolver		1,351,351
Spartronics LLC	Revolver		778,520
Specialized Dental Holdings II, LLC	Delayed Draw		1,559,453
Spectrum Safety Solutions Purchaser, LLC	Delayed Draw		2,173,913
Spectrum Safety Solutions Purchaser, LLC	Revolver		4,275,363
Spectrum Safety Solutions, LLC	Delayed Draw		2,173,914

Borrower	Type	Principal Amount
Spectrum Safety Solutions, LLC	Revolver		1,623,188
ST Athena Global LLC	Delayed Draw		934,107
ST Athena Global LLC	Revolver		2,852,449
Stanton Carpet Corp.	Revolver		1,189,468
Star Dental Partners, LLC	Delayed Draw		337,365
Star Dental Partners, LLC	Revolver		260,500
STCH Intermediate Inc.	Revolver		419,401
Stepping Stones Healthcare Services, LLC	Revolver		2,000,000
Summit Buyer, LLC	Delayed Draw		14,894,022
Summit Buyer, LLC	Revolver		5,706,522
SumUp Holdings MidCo S.A.R.L.	Delayed Draw		19,175,224
Sun Acquirer Corp.	Delayed Draw		4,974,907
Sun Acquirer Corp.	Revolver		243,455
Sun Orchard, LLC	Delayed Draw		1,593,012
Sunraycer HPS Borrower LLC	Delayed Draw		2,250,000
Superior Insurance Partners LLC	Delayed Draw		3,414,410
Superior Insurance Partners LLC	Revolver		352,000
Superman Holdings LLC	Delayed Draw		4,367,931
Superman Holdings LLC	Revolver		1,934,236
SureScripts, LLC	Revolver		937,500
SureWerx Purchaser III, Inc.	Delayed Draw		1,875,000
SureWerx Purchaser III, Inc.	Revolver		1,509
SureWerx Purchaser III, Inc.	Revolver		221,000
SurfacePrep Buyer, LLC	Delayed Draw		2,689,200
SurfacePrep Buyer, LLC	Delayed Draw		1,842,734
SurfacePrep Buyer, LLC	Revolver		5,670,000
SurfacePrep Buyer, LLC	Revolver		3,885,282
SV Newco 2, Inc.	Delayed Draw		7,812,501
SV Newco 2, Inc.	Revolver		4,687,501
SV-Areo Holdings, LLC	Delayed Draw		13,432,836
SWK Buyer, Inc.	Revolver		1,228,070
Tamarack Intermediate, LLC	Revolver		3,023,438
Tango Bidco SAS	Delayed Draw		25,088,025
Tank Holding Corp.	Revolver		430,267
TBRS, Inc.	Delayed Draw		5,744,681
TBRS, Inc.	Revolver		3,000,000
TCP Hawker Intermediate LLC	Delayed Draw		1,695,721
TCP Hawker Intermediate LLC	Revolver		403
Team Acquisition Corporation	Revolver		4,618,975
TerSera Therapeutics, LLC	Revolver		531,828
The Arcticom Group, LLC	Delayed Draw		27,790
The Arcticom Group, LLC	Delayed Draw		708,935
The Arcticom Group, LLC	Revolver		2,000,000

Borrower	Type	Principal Amount
The Chartis Group, LLC	Delayed Draw		4,069,207
The Chartis Group, LLC	Delayed Draw		3,146,853
The Chartis Group, LLC	Revolver		2,034,603
The Chartis Group, LLC	Revolver		1,573,427
The Chempetitive Group	Delayed Draw		1,570,000
The Chempetitive Group	Revolver		446,500
The Colt Group Intermediate, LLC	Delayed Draw		1,215,441
The Colt Group Intermediate, LLC	Revolver		782,353
The Hiller Companies, Inc.	Delayed Draw		1,832,777
The Hiller Companies, Inc.	Revolver		1,592,565
The Ultimus Group Midco, LLC	Delayed Draw		4,820,114
The Ultimus Group Midco, LLC	Revolver		3,515,654
The Vertex Companies, Inc.	Revolver		408,721
THG Acquisition, LLC	Delayed Draw		2,957,516
THG Acquisition, LLC	Delayed Draw		12,362,768
THG Acquisition, LLC	Revolver		1,368,907
THG Acquisition, LLC	Revolver		5,722,196
Thrive Buyer, Inc.	Revolver		129,496
Thunder Buyer, Inc.	Delayed Draw		3,273,435
Thunder Buyer, Inc.	Delayed Draw		2,953,632
Thunder Buyer, Inc.	Revolver		1,746,163
Thunder Buyer, Inc.	Revolver		1,575,014
Thunder Purchase, Inc.	Delayed Draw		2,951,236
Thunder Purchase, Inc.	Revolver		5,879
Thunder Purchase, Inc.	Revolver		366,485
TickPick Intermediate Holdings, LLC	Revolver		344,253
TIDI Legacy Products, Inc.	Delayed Draw		3,623,188
TIDI Legacy Products, Inc.	Delayed Draw		6,974,525
TIDI Legacy Products, Inc.	Revolver		2,608,696
TIDI Legacy Products, Inc.	Revolver		5,021,658
TigerConnect, Inc.	Delayed Draw		571,878
TigerConnect, Inc.	Delayed Draw		30,000
TigerConnect, Inc.	Revolver		1,875,000
Tilley Chemical Co., Inc.	Revolver		2,555,556
Time Manufacturing Acquisition, LLC	Revolver		1,293,151
Titan Group Holdco, LLC	Delayed Draw		6,125,644
Titan Group Holdco, LLC	Revolver		1,596,462
Titan Group Holdco, LLC	Revolver		1,498,692
Titan Home Improvement, LLC	Delayed Draw		976,744
Titan Home Improvement, LLC	Revolver		813,953
Togetherwork Holdings, LLC	Delayed Draw		5,100,000
Top RX, LLC	Revolver		1,332,587
Trackforce Acquireco, Inc.	Revolver		445,230

Borrower	Type	Principal Amount
Transitions Hospice, LLC	Delayed Draw		179,700
Transitions Hospice, LLC	Revolver		281,600
Tribute Technology Holdings, LLC	Revolver		2,371,733
Trilon Group, LLC	Delayed Draw		7,214,329
Trilon Group, LLC	Revolver		1,892,973
Trimech Acquisition Corp	Revolver		541,549
Trintech, Inc.	Revolver		2,499,667
Tropical Bidco, LLC	Revolver		2,272,727
Troy Gastroenterology, P.C.	Revolver		197,044
TruBlue LLC	Delayed Draw		418,500
TruBlue LLC	Revolver		257,000
Truck-Lite Co., LLC	Delayed Draw		3,428,148
Truck-Lite Co., LLC	Delayed Draw		5,333,333
Truck-Lite Co., LLC	Revolver		2,513,975
Truck-Lite Co., LLC	Revolver		3,964,444
Trunk Acquisition, Inc.	Delayed Draw		2,451,357
Trunk Acquisition, Inc.	Revolver		1,193,049
Trunk Acquisition, Inc.	Revolver		2,500,000
Trystar, LLC	Delayed Draw		4,107,126
Trystar, LLC	Revolver		2,834,016
TSO Buyer, Inc. & Global Tracking Communications, LLC	Revolver		1,508,000
TSYL Corporate Buyer, Inc.	Revolver		3,500,000
TurningPoint Healthcare Solutions, LLC	Revolver		1,816,524
U.S. Signal Company, LLC	Delayed Draw		1,629,000
U.S. Signal Company, LLC	Revolver		813,000
Ubeo, LLC	Revolver		2,319,369
Unison Risk Advisors Inc.	Delayed Draw		8,585,000
Unison Risk Advisors Inc.	Delayed Draw		2,614,496
Unison Risk Advisors Inc.	Revolver		1,031,766
Unison Risk Advisors Inc.	Revolver		2,500,000
United Digestive MSO Parent, LLC	Delayed Draw		1,278,571
United Digestive MSO Parent, LLC	Delayed Draw		18,455,000
United Digestive MSO Parent, LLC	Revolver		3,993,363
United Digestive MSO Parent, LLC	Revolver		383,571
United Digestive MSO Parent, LLC	Revolver		892,400
United Digestive MSO Parent, LLC	Revolver		760,000
United Flow Technologies Intermediate Holdco II, LLC	Delayed Draw		2,977,112
United Flow Technologies Intermediate Holdco II, LLC	Revolver		528,091
United Musculoskeletal Partners Acquisition Holdings, LLC	Revolver		1,264,368
Universal Marine Medical Supply International, LLC	Delayed Draw		2,347,000
Universal Marine Medical Supply International, LLC	Revolver		187,500

Borrower	Type	Principal Amount
UpStack Holdco Inc.	Delayed Draw		4,375,000
UpStack Holdco Inc.	Revolver		1,487,500
Urology Management Holdings, Inc.	Revolver		1,190,476
US Anchors Group, Inc.	Revolver		856,428
US Fitness Holdings, LLC	Delayed Draw		5,169,231
US Fitness Holdings, LLC	Revolver		1,764,585
USHV Management, LLC	Revolver		64,199
USIC Holdings, Inc.	Delayed Draw		5,607,226
USIC Holdings, Inc.	Revolver		7,237,667
USRP Holdings, Inc.	Delayed Draw		2,471,870
USRP Holdings, Inc.	Delayed Draw		26,697,647
USRP Holdings, Inc.	Delayed Draw		582,277
USRP Holdings, Inc.	Revolver		752,688
USRP Holdings, Inc.	Revolver		645,161
USRP Holdings, Inc.	Revolver		3,919,648
USSC Holding Corp.	Revolver		1,877,686
V Global Holdings LLC	Revolver		3,830,861
Valcourt Holdings II, LLC	Delayed Draw		3,167,796
Vale Insurance Services LLC	Revolver		1,935,484
Valet Waste Holdings, Inc.	Revolver		46,431
Valicor PPC Intermediate I LLC	Revolver		497,850
Valkyrie Buyer, LLC	Delayed Draw		45,105,264
Valkyrie Buyer, LLC	Revolver		4,385,965
Vanguard Packaging, LLC	Revolver		402,990
Vardiman Black Holdings, LLC	Delayed Draw		8,760
Vardiman Black Holdings, LLC	Delayed Draw		548,284
Varsity Rejuvenate, LLC	Delayed Draw		688,000
Varsity Rejuvenate, LLC	Revolver		58,200
VB LPE, LLC	Subordinated Debt		4,477,777
Vehicle Accessories, Inc.	Revolver		146,186
Vensure Employer Services, Inc.	Delayed Draw		28,114,988
Vensure Employer Services, Inc.	Delayed Draw		1,504,484
Vertex Service Partners, LLC	Delayed Draw		3,985,763
Vertex Service Partners, LLC	Delayed Draw		11,130,336
Vertex Service Partners, LLC	Revolver		116,279
Vertex Service Partners, LLC	Revolver		232,558
Vertex Service Partners, LLC	Revolver		2,726,352
Vessco Midco Holdings, LLC	Delayed Draw		13,097,308
Vessco Midco Holdings, LLC	Delayed Draw		6,236,666
Vessco Midco Holdings, LLC	Revolver		5,230,769
Vessco Midco Holdings, LLC	Revolver		2,989,819

Borrower	Type	Principal Amount
VetEvolve Holdings, LLC	Delayed Draw		11,393,021
Viant Medical Holdings, Inc. (fka MedPlast Holdings, Inc.)	Delayed Draw		482,218
Victors Purchaser, LLC	Delayed Draw		4,104,607
Viper Bidco, Inc.	Delayed Draw		532,749
Viper Bidco, Inc.	Revolver		440,184
Visionary Buyer LLC	Delayed Draw		7,800,000
Visionary Buyer LLC	Revolver		3,000,000
Vital Care Buyer, LLC	Revolver		873,750
Vital Care Buyer, LLC	Revolver		4,343,385
VRC Companies, LLC	Delayed Draw		5,306,452
VRC Companies, LLC	Revolver		452,451
VSG Acquisition Corp.	Delayed Draw		5,681,667
VSG Acquisition Corp.	Revolver		1,750,000
W2O Holdings, Inc.	Revolver		198,427
Walter Surface Technologies Inc.	Delayed Draw		3,768,012
Water Holdings Acquisition LLC	Delayed Draw		8,074,765
Wealth Enhancement Group, LLC	Delayed Draw		15,471,892
Wealth Enhancement Group, LLC	Delayed Draw		2,587,541
Wealth Enhancement Group, LLC	Delayed Draw		19,354,839
Wealth Enhancement Group, LLC	Revolver		4,675,676
Wealth Enhancement Group, LLC	Revolver		906,041
Wealth Enhancement Group, LLC	Revolver		645,161
Wealth Enhancement Group, LLC	Revolver		964,314
Web PT, Inc.	Revolver		816,964
Weber-Stephen Products, LLC	Revolver		4,778,483
Western Veterinary Partners, LLC	Delayed Draw		5,447,722
Western Veterinary Partners, LLC	Delayed Draw		16,031,250
Wildcat Buyerco, Inc.	Delayed Draw		2,837,624
Wildcat Buyerco, Inc.	Revolver		2,553,862
Wolf-Gordon, Inc.	Revolver		124,400
Woolpert Holdings, Inc.	Delayed Draw		1,782,560
Woolpert Holdings, Inc.	Revolver		859,448
World Insurance Associates, LLC	Delayed Draw		14,049,474
WPP Bullet Buyer, LLC	Revolver		838,127
WRE Holding Corp.	Delayed Draw		10,461,492
WRE Holding Corp.	Revolver		7,970,661
WU Holdco, Inc.	Delayed Draw		2,105,800
WU Holdco, Inc.	Revolver		134,731
Xactly Corporation	Revolver		337,224
YA Intermediate Holdings II, LLC	Delayed Draw		4,214,600
YA Intermediate Holdings II, LLC	Revolver		1,921,858
YLG Holdings, Inc.	Delayed Draw		526,175

Borrower	Type	Principal Amount
YLG Holdings, Inc.	Delayed Draw		20,000,000
YLG Holdings, Inc.	Delayed Draw		1,138,260
YLG Holdings, Inc.	Revolver		7,142,857
YLG Holdings, Inc.	Revolver		330,889
Zavation Medical Products, LLC	Revolver		962,838
Zeus Company LLC	Delayed Draw		687,837
Zeus Company LLC	Revolver		793,658
Zinc Buyer Corporation	Delayed Draw		4,651,718
Zone & Company Software Consulting LLC	Delayed Draw		2,406,282
Zone & Company Software Consulting LLC	Revolver		1,289,080
Zone Climate Services, Inc.	Delayed Draw		4,094,347
Zone Climate Services, Inc.	Revolver		319,359
Total		$	4,193,933,841

Reverse Repurchase Agreements

In a reverse repurchase agreement, the Fund delivers a security in exchange for cash to a financial institution, the counterparty, with a simultaneous agreement to repurchase the same or substantially the same security at an agreed upon price and date. In an open maturity reverse repurchase agreement, there is no pre-determined repurchase date and the agreement can be terminated by the Fund or counterparty at any time. The Fund is entitled to receive principal and interest payments, if any, made on the security delivered to the counterparty during the term of the agreement. Cash received in exchange for securities delivered and accrued interest payments to be made by the Fund to counterparties are reflected as liabilities on the Consolidated Statement of Assets and Liabilities. Interest payments made by the Fund to counterparties are recorded as interest from reverse repurchase agreements on the Consolidated Statement of Operations. In periods of increased demand for the security, the Fund may receive a fee for use of the security by the counterparty, which may result in interest income to the Fund. In the event the buyer of securities under a reverse repurchase agreement files for bankruptcy or becomes insolvent, the Fund’s use of the proceeds of the agreement may be restricted pending a determination by the other party, or its trustee or receiver, whether to enforce the Fund’s obligation to repurchase the securities. Reverse repurchase agreements involve leverage risk and also the risk that the market value of the securities to be repurchased may decline below the repurchase price. Reverse repurchase agreements are valued at cost.

Master Repurchase Agreements and Global Master Repurchase Agreements (individually and collectively “Master Repo Agreements”) govern repurchase, reverse repurchase, and certain sale-buyback transactions between the Fund and select counterparties. Master Repo Agreements maintain provisions for, among other things, initiation, income payments, events of default, and maintenance of collateral. For the nine months ended December 31, 2024, the average balance outstanding and weighted average interest rate were $1,272,436 and 7.30%, respectively.

	December 31, 2024
	Remaining Contractual Maturity of the Agreements
Reverse Repurchase Agreements		Overnight and Continuous		Up to 30 days		30–90 days		Greater Than 90 days		Total
Collateralized Loan Obligations	$	—	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—	$	—

Borrowing, Use of Leverage

On March 29, 2022, the Fund and certain of its wholly-owned subsidiaries (“Guarantors”) entered into a senior secured credit facility (the “Facility”) with Massachusetts Mutual Life Insurance Company as a joint lead arranger, PNC Bank, National Association (“PNC”) as administrative agent and joint lead arranger and with certain lenders from time to time as parties thereto (the “Lenders”). The Facility, as most recently amended effective December 18, 2024, provides for borrowings on a committed basis in an aggregate principal amount up to $5,300,000,000. Under the Facility, the Fund has 6-year term loans in the amount of $1,190,000,000 (“Term Loans”), may borrow up to an additional $3,007,500,000 on a revolving basis (the “Revolving Loan”), and may borrow up to an additional $1,102,500,000 on a delayed draw term loan (“DDTL”). The Fund may request the Revolving Loan to be increased from time to time up to an aggregate amount of $6,500,000,000, subject to the approval and discretion of the lenders. The Revolving Loan matures on April 6, 2029 and Term Loans and DDTL mature on April 8, 2030.

In connection with the Facility and Notes (discussed below under “Senior Notes”), the Fund and Guarantors have made certain customary representations and warranties and are required to comply with various customary covenants, reporting requirements and other requirements. The Facility and Notes each contain events of default customary for similar financing transactions, including: (i) the failure to make principal, interest or other payments when due after the applicable grace period; (ii) the insolvency or bankruptcy of the Guarantors or the Fund; or (iii) a change of management of the Fund. Upon the occurrence and during the continuation of an event of default, the Lenders or Note holders may declare the outstanding advances and all other obligations under the Facility and the Notes, respectively, immediately due and payable or incur a default rate of interest. The Facility and/or Notes may in the future be replaced or refinanced by entering into one or more new credit facilities or by the issuance of new debt securities, in each case having substantially different terms from the current Facility and Notes.

The use of leverage increases both risk of loss and profit potential. The Fund is subject to the Investment Company Act requirement that an investment company satisfy an asset coverage requirement of 300% of its indebtedness, including amounts borrowed (including through one or more SPVs that are wholly-owned subsidiaries of the Fund), measured at the time the investment company incurs the indebtedness. This means that at certain times, such as when the Fund incurs indebtedness, the value of the Fund's total indebtedness may not exceed one-third the value of its total assets (including such indebtedness). The interests of persons with whom the Fund (or SPVs that are wholly-owned subsidiaries of the Fund) enters into leverage arrangements will not necessarily be aligned with the interests of the Fund's shareholders and such persons will have claims on the Fund's assets that are senior to those of the Fund's shareholders. In addition to the risks created by the Fund's use of leverage, the Fund is subject to the additional risk that it would be unable to timely, or at all, obtain leverage borrowing. The Fund might also be required to de-leverage, selling securities at a potentially inopportune time and incurring tax consequences. Further, the Fund's ability to generate income from the use of leverage would be adversely affected.

Secured Borrowings

From time to time, the Fund may engage in sale/buy-back agreements, which are a type of secured borrowing. The amount, interest rate and terms of these agreements will be individually negotiated on a transaction-by-transaction basis. Each borrowing is secured by an interest in an underlying asset which is participated or assigned to the sale/buy-back counter party for the duration of the agreement. There were no secured borrowings outstanding as of December 31, 2024.

Senior Notes (the “Notes”)

On March 29, 2022, the Fund issued Series A Senior Secured Notes in a private placement to qualified institutional purchasers in the aggregate principal amount of $650 million, maturing on March 28, 2027. On June 7, 2022, the Fund issued additional Series A notes in a private placement to qualified institutional purchasers in the aggregate principal amount of $250 million, maturing on March 28, 2027. On July 22, 2022, the Fund issued Series B, Series C, Series E and Series F notes in a private placement to qualified institutional purchasers in the aggregate principal amount of $635 million with various maturities. On September 29, 2022, the Fund issued Series D and Series G notes in a private placement to qualified institutional purchasers in the aggregate principal amount of $50 million with various maturities. On December 6, 2022, the Fund issued Series H, Series I and Series J notes in a private placement to qualified institutional purchasers in the aggregate principal amount of $270 million with various maturities. On January 5, 2023, the Fund issued additional Series I notes in a private placement to qualified institutional purchasers in the aggregate principal amount of $10 million maturing on December 6, 2027. On August 4, 2023, the Fund issued Series K, Series L, Series M and Series N notes in a private placement to qualified institutional purchasers in the aggregate principal amount of $600 million with various maturities. On December 19, 2023, the Fund issued additional Series O, Series P, Series Q, Series R, and Series S notes in a private placement to qualified institutional purchasers in the aggregate principal amount of $733 million with various maturities. On January 20, 2024, the Fund issued additional Series O Senior Secured Notes in a private placement to qualified institutional purchasers in the aggregate principal amount of $27 million, maturing on January 20, 2027. On March 18, 2024, the Fund issued additional Series T notes for a private placement to qualified institutional purchasers in the aggregate principal amount of $300 million, maturing on April 12, 2029. On August 15, 2024, the Fund issued additional Series U, Series V, Series W, Series X and Series Y notes in a private placement to qualified institutional purchasers in the aggregate principal amount of $1,370 million with various maturities. On December 10, 2024, the Fund issued additional Series Z, Series AA, Series BB, Series CC and Series DD notes in a private placement to qualified institutional purchasers in the aggregate principal amount of $755 million with various maturities. The obligations of the Fund and each of the Guarantors under the Facility and the Notes are secured by a first-priority security interest on substantially all of the assets of the Fund and each of the Guarantors.

In connection with the Notes, the Fund entered into interest rate swaps to more closely align the interest rates of its liabilities with its investment portfolio, which consists of predominately floating rate loans. Under the interest rate swap agreements, the Fund receives a fixed interest rate and pays a floating interest rate of daily simple SOFR plus various spreads as disclosed on the Consolidated Schedule of Swap Contracts on notional amounts equal to the principal outstanding of the Notes. The Fund designated the interest rate swaps as the hedging instruments in effective hedge accounting relationships. See Notes 10 and 11 for more information regarding the interest rate swaps.

The table below sets forth a summary of the key terms of the series of Notes outstanding at December 31, 2024.

Series	Principal Outstanding December 31, 2024		Payment Frequency	Unamortized Offering Costs		Interest Rate Fair Value Adjustment			Carrying Value December 31, 2024			Fair Value December 31, 2024		Fixed Interest Rate			Effective Interest Rate			Maturity Date
A	$	650,000,000	Semi-Annual	$	41,050	$	19,934,582		$	630,024,368		$	623,916,362		4.10	%		5.92	%	March 28, 2027
A		250,000,000	Semi-Annual		15,044		4,749,905			245,235,051			239,967,832		4.10	%		5.52	%	March 28, 2027
B		215,000,000	Semi-Annual		239,720		(1,271,756	)		216,032,036			214,492,548		5.44	%		7.08	%	July 19, 2025
C		130,000,000	Semi-Annual		302,123		359,873			129,338,004			129,089,156		5.50	%		7.24	%	July 19, 2026
D		10,000,000	Semi-Annual		23,235		24,618			9,952,147			9,929,935		5.50	%		7.39	%	July 19, 2026
E		130,000,000	Semi-Annual		394,012		1,620,939			127,985,049			128,704,917		5.61	%		7.42	%	July 19, 2027
F		160,000,000	Semi-Annual		611,677		5,255,597			154,132,726			156,521,286		5.72	%		7.60	%	July 19, 2029
G		40,000,000	Semi-Annual		152,924		1,306,701			38,540,375			39,130,322		5.72	%		7.76	%	July 19, 2029
H		34,000,000	Semi-Annual		98,301		(50,833	)		33,952,532			34,352,317		7.06	%		8.10	%	December 6, 2025
I		95,000,000	Semi-Annual		815,832		47,135			94,137,033			97,590,955		7.10	%		8.45	%	December 6, 2027
I		10,000,000	Semi-Annual		51,562		6,354			9,942,084			10,272,732		7.10	%		8.33	%	December 6, 2027
J		141,000,000	Semi-Annual		1,546,024		915,480			138,538,496			146,194,132		7.17	%		8.60	%	December 6, 2029
K		115,200,000	Semi-Annual		516,032		(23,357	)		114,707,325			116,593,573		6.75	%		8.15	%	August 4, 2026
L		304,800,000	Semi-Annual		1,845,814		3,340,806			299,613,380			311,015,438		6.77	%		8.45	%	August 4, 2028
M		114,000,000	Semi-Annual		767,056		2,930,670			110,302,274			116,598,709		6.81	%		8.63	%	August 4, 2030
N		66,000,000	Semi-Annual		477,380		3,010,289			62,512,331			68,124,678		6.99	%		8.88	%	August 4, 2033
O		85,000,000	Semi-Annual		457,853		(395,926	)		84,938,073			86,757,850		7.04	%		8.24	%	January 20, 2027
O		27,000,000	Semi-Annual		14,937		(107,012	)		27,092,075			27,558,376		7.04	%		8.15	%	January 20, 2027
P		224,000,000	Semi-Annual		1,444,999		(4,114,396	)		226,669,397			231,129,833		7.06	%		8.34	%	January 20, 2027
Q		155,000,000	Semi-Annual		1,071,628		(2,517,673	)		156,446,045			161,890,841		7.23	%		8.54	%	January 20, 2029
R		224,000,000	Semi-Annual		1,627,176		(3,186,790	)		225,559,614			237,564,710		7.40	%		8.69	%	January 20, 2031
S		45,000,000	Semi-Annual		333,054		63,164			44,603,782			48,538,440		7.51	%		8.77	%	January 20, 2034
T		150,000,000	Semi-Annual		1,020,484		(4,109	)		148,983,625			152,907,431		6.69	%		7.96	%	January 20, 2036
T		150,000,000	Semi-Annual		1,020,484		287,157			148,692,359			152,907,431		6.69	%		7.98	%	April 12, 2029
U		268,000,000	Semi-Annual		2,101,279		(4,978,006	)		270,876,727			269,564,798		6.20	%		6.95	%	April 12, 2029
V		486,000,000	Semi-Annual		3,835,416		736,589			481,427,995			488,579,995		6.32	%		7.33	%	August 15, 2027
W		328,000,000	Semi-Annual		2,595,239		2,648,203			322,756,558			328,490,953		6.40	%		7.50	%	August 15, 2029
X		93,000,000	Semi-Annual		737,230		462,701			91,800,069			92,611,607		6.46	%		7.60	%	August 15, 2031
Y		195,000,000	Semi-Annual		1,546,913		4,558,197			188,894,890			194,078,190		6.51	%		7.69	%	August 15, 2034
Z			Semi-Annual				896,268			(896,268	)				5.76	%				January 15, 2028
AA			Semi-Annual				2,447,104			(2,447,104	)				5.85	%				March 14, 2030
BB			Semi-Annual				3,914,998			(3,914,998	)				6.01	%				March 14, 2032
CC			Semi-Annual				2,922,330			(2,922,330	)				6.13	%				March 14, 2035
DD			Semi-Annual				7,297,036			(7,297,036	)				6.18	%				January 15, 2037
Total	$	4,895,000,000		$	25,704,478	$	53,086,838		$	4,816,208,684		$	4,915,075,347

The Notes are fair valued using an income approach and classified as level 3 in the fair value hierarchy. The discount rates used ranged from 5.89% – 6.58%.

The Fund shall at all times maintain a current rating given by a Nationally Recognized Statistical Rating Organization (an “NRSRO”) of at least Investment Grade with respect to the Notes and shall not at any time have any rating given by a NRSRO of less than Investment Grade with respect to the Notes. The Notes have been assigned an “AA” long-term ratings by Kroll Bond Rating Agency, LLC.

In keeping with the Investment Company Act requirement that the Fund may not issue more than one class of senior securities constituting indebtedness, the Facility and Notes rank pari passu with each other, and the lien on the Fund’s assets securing the Notes is equal and ratable with the lien securing the Facility. The Facility and Notes are senior in all respects to the Fund’s outstanding shares with respect to the payment of dividends and the distribution of assets upon dissolution, liquidation or winding up of the affairs of the Fund.

The Fund complies with Section 8 and Section 18 of the Investment Company Act, governing investment policies and capital structure and leverage, respectively, on an aggregate basis with the Guarantors. The Guarantors also comply with Section 17 of the Investment Company Act relating to affiliated transactions and custody.

At December 31, 2024, the Fund was in compliance with all covenants under the Note Agreements.

3. Fair Value of Investments

Fair value – Definition

All investments in securities are recorded at fair value. The Fund uses a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:

● Level 1 – Valuations based on unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

● Level 2 – Valuations based on inputs, other than quoted prices included in Level 1, that are observable either directly or indirectly.

● Level 3 – Valuations based on inputs that are both significant and unobservable to the overall fair value measurement.

Investments in Private Investment Funds measured based upon NAV as a practical expedient to determine fair value are not required to be categorized in the fair value hierarchy.

The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, determining fair value requires more judgment. Because of the inherent uncertainly of valuation, estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Valuation Designee in determining fair value is greatest for investments categorized in Level 3.

The Fund’s assets recorded at fair value have been categorized based on a fair value hierarchy as described in the Fund’s significant accounting policies. The following table presents information about the Fund’s assets and liabilities measured at fair value as of December 31, 2024:

Assets	Level 1		Level 2		Level 3		Net Asset Value		Total
Investments, at fair value
Senior Secured Loans	$	-	$	161,677,286	$	20,057,432,912	$	-	$	20,219,110,198
Private Investment Vehicles		-		-		62,187,326		9,621,556,337		9,683,743,663
Collateralized Loan Obligations		-		38,315,779		90,669,404		-		128,985,183
Preferred Stocks		-		-		136,125,491		-		136,125,491
Common Stocks		29,874,652		-		48,827,408		-		78,702,060
Subordinated Debt		-		-		275,123,992		-		275,123,992
Warrants		-		-		570,518		-		570,518
Short-Term Investments		540,814,003		-		-		-		540,814,003
Total Investments, at fair value	$	570,688,655	$	199,993,065	$	20,670,937,051	$	9,621,556,337	$	31,063,175,108
Other Financial Instruments1
Forward Contracts	$	-	$	4,708,865	$	-	$	-	$	4,708,865
Swap Contracts		-		16,649,858		-		-		16,649,858
Total Assets	$	570,688,655	$	221,351,788	$	20,670,937,051	$	9,621,556,337	$	31,084,533,831
Liabilities
Other Financial Instruments1
Forward Contracts	$	-	$	84,979	$	-	$	-	$	84,979
Swap Contracts		-		69,736,696		-		-		69,736,696
Total Liabilities, at fair value	$	-	$	69,821,675	$	-	$	-	$	69,821,675

¹  Other financial instruments are derivative instruments such as futures contracts, forward contracts and swap contracts. Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.

The following table presents the changes in assets and transfers in and out for investments that are classified in Level 3 of the fair value hierarchy for the period ended December 31, 2024:

	Senior Secured Loans			Private Investment Vehicles			Collateralized Loan Obligations			Preferred Stocks			Subordinated Debt			Warrants			Common Stocks			Total
Balance as of April 1, 2024	$	13,463,656,668		$	82,218,161		$	129,367,598		$	103,527,517		$	23,813,227		$	10,366,783		$	21,406,749		$	13,834,356,703
Purchases		14,235,983,989			22,509,582			-			36,272,945			260,259,968			352,127			20,816,969			14,576,195,580
Sales/Paydowns		(7,780,124,645	)		(45,450,000	)		(20,129,641	)		(29,683	)		-			(1,152,261	)		(268,573	)		(7,847,154,803	)
Realized gains (losses)1		16,673,557			-			-			183			-			-			14,474			16,688,214
Original issue discount and amendment fees		(8,256,392	)		-			2,168,694			-			-			-			-			(6,087,698	)
Accretion		28,908,312			-			110,799			-			103,838			-			-			29,122,949
Change in Unrealized appreciation (depreciation)		(7,926,235	)		2,909,583			(10,609,866	)		(3,714,671	)		(9,053,041	)		(8,996,131	)		6,926,989			(30,463,372	)
Transfers In2		131,309,701			-			7,527,266			69,200			-			-			-			138,906,167
Transfers Out3		(22,792,043	)		-			(17,765,446	)		-			-			-			(69,200	)		(40,626,689	)
Balance as of December 31, 2024	$	20,057,432,912		$	62,187,326		$	90,669,404		$	136,125,491		$	275,123,992		$	570,518		$	48,827,408		$	20,670,937,051
Net change in unrealized appreciation/(depreciation) attributable to Level 3 investments held at December 31, 2024	$	(3,465,235	)	$	2,909,583		$	(7,542,154	)	$	(3,714,671	)	$	(9,053,041	)	$	(1,403,064	)	$	6,929,258		$	(15,339,324	)

¹  Senior Secured Loans includes paydown gains (losses) of $21,303,875.

²  Transferred from Level 2 to Level 3 because observable market data became unavailable for the investments.

³  Transferred from Level 3 to Level 2 because observable market data became available for the investments.

4. Related Party Transactions and Arrangements

Transactions related to investments in affiliated companies, as defined by the Investment Company Act, by virtue of the Fund owning at least 5% of the voting securities of the issuer, for the period ended December 31, 2024 were as follows:

Affiliated Investment Company	Type of Asset	Industry	Beginning Value at March 31, 2024		Purchases at Cost		Proceeds from Sales		Dividend Income		Realized Gain/ (Loss)		Change in Unrealized Gain (Loss)			Value at December 31, 2024
FBLC Senior Loan Fund LLC1	Investment Fund	Diversified	$	78,794,409	$	-	$	-	$	6,471,706	$	-	$	2,977,562		$	81,771,971
Middle Market Credit Fund II, LLC2	Investment Fund	Diversified		13,324,908		-		-		1,666,350		-		(131,734	)		13,193,174
Total			$	92,119,317	$	-	$	-	$	8,138,056	$	-	$	2,845,828		$	94,965,145

¹ Franklin BSP Lending Corporation (FBLC) and Cliffwater Corporate Lending Fund (the “Fund”) are the members of FBLC Senior Loan Fund LLC (SLF), a joint venture formed as a Delaware limited liability company that is not consolidated by either member for financial reporting purposes. The members make investments in SLF in the form of LLC equity interests as SLF makes investments, and all portfolio and other material decisions regarding SLF must be submitted to SLF’s board of directors which is comprised of an equal number of members appointed by each of FBLC and the Fund. Because management of SLF is shared equally between FBLC and the Fund, the Fund does not believe it controls SLF for purposes of the Investment Company Act or otherwise.

² Carlyle Secured Lending, Inc (CSL) and Cliffwater Corporate Lending Fund (the “Fund”) are the members of Middle Market Credit Fund II, LLC (MMCF), a joint venture formed as a Delaware limited liability company that is not consolidated by either member for financial reporting purposes. The members make investments in MMCF in the form of LLC equity interests as MMCF makes investments, and all portfolio and other material decisions regarding MMCF must be submitted to MMCF’s board of directors which is comprised of an equal number of members appointed by each of CSL and the Fund. Because management of MMCF is shared equally between CSL and the Fund, the Fund does not believe it controls MMCF for purposes of the Investment Company Act or otherwise.