UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-23620
John Hancock GA Senior Loan Trust
(Exact name of registrant as specified in charter)
197 Clarendon Street, Boston, Massachusetts 02116 (Address of principal executive offices) (Zip code)
Heidi Knapp
Treasurer
197 Clarendon Street
Boston, Massachusetts 02116
(Name and address of agent for service) Registrant's telephone number, including area code: 617-378-1870
Date of fiscal year end: | December 31 |
Date of reporting period: | June 30, 2022 |
ITEM 1. REPORTS TO STOCKHOLDERS
Portfolio summary 6-30-22 (unaudited)
Senior loans | 94.8 |
Short-term investments and other | 5.2 |
Walnut Parent, Inc. | 3.7 |
GSM Acquisition Corp. | 3.4 |
Tilley Chemical Company, Inc. | 3.2 |
Trimech Acquisition Corp. | 3.1 |
Pathstone Family Office LLC | 3.0 |
Cerity Partners LLC | 3.0 |
The S2 HR Group LLC | 2.8 |
WilliamsMarston LLC | 2.8 |
Nxgen Buyer, Inc. | 2.8 |
Octo Consulting Group LLC | 2.7 |
TOTAL | 30.5 |
Cash and cash equivalents are not included. |
Portfolio of investments 6-30-22 (unaudited)
Rate (%) | Maturity date | Par value^ | Value | ||
Senior loans (A)(B) 94.8% | $246,066,324 | ||||
(Cost $255,238,008) | |||||
Consumer staples 1.1% | 2,936,795 | ||||
Fresh Holdco, Inc., Term Loan (3 month SOFR + 6.000%) | 7.936 | 01-23-26 | 2,947,236 | 2,936,795 | |
Energy 1.4% | 3,791,897 | ||||
Andretti Buyer LLC, Term Loan (3 month LIBOR + 4.750%) | 7.000 | 06-30-26 | 4,030,660 | 3,791,897 | |
Financials 18.1% | 46,960,954 | ||||
Cerity Partners LLC, Delayed Draw Term Loan (1 and 3 month LIBOR + 6.750%) | 8.416 | 12-31-25 | 2,528,047 | 2,528,047 | |
Cerity Partners LLC, Term Loan (3 month LIBOR + 6.750%) | 8.416 | 12-31-25 | 5,206,818 | 5,206,818 | |
GC Waves Holdings, Inc., 2021 Replacing Term Loan (1 month LIBOR + 5.500%) | 7.166 | 08-13-26 | 4,060,559 | 4,060,559 | |
GC Waves Holdings, Inc., Delayed Draw Term Loan (1 month LIBOR + 5.500%) | 7.166 | 08-13-26 | 219,450 | 219,450 | |
Insignia Finance Merger Sub LLC, Revolver (Prime rate + 4.000%) | 8.750 | 12-23-27 | 557,692 | 372,066 | |
Insignia Finance Merger Sub LLC, Term Loan (3 month LIBOR + 5.000%) | 6.000 | 12-23-27 | 5,549,038 | 4,933,381 | |
MC Group Ventures Corp., 2021 Delayed Draw Term Loan (3 month LIBOR + 5.500%) | 8.377 | 06-30-27 | 1,362,029 | 1,123,874 | |
MC Group Ventures Corp., 2021 Revolver (1 month LIBOR + 5.500%) | 8.377 | 06-30-27 | 181,250 | 133,429 | |
MC Group Ventures Corp., 2021 Term Loan (3 month LIBOR + 5.500%) | 8.377 | 06-30-27 | 4,101,429 | 3,722,685 | |
Oakbridge Insurance Agency LLC, 2022 2nd Amendment Delayed Draw Term Loan (3 month SOFR + 5.750%) | 7.516 | 12-31-26 | 97,278 | 91,098 | |
Oakbridge Insurance Agency LLC, 2022 2nd Amendment Term Loan A (3 month SOFR + 5.750%) | 7.954 | 12-31-26 | 283,639 | 265,620 | |
Oakbridge Insurance Agency LLC, Revolver (3 month LIBOR + 5.750%) | 7.954 | 12-31-26 | 149,596 | 102,080 | |
Oakbridge Insurance Agency LLC, Term Loan A (3 month LIBOR + 5.750%) | 7.954 | 12-31-26 | 6,534,258 | 5,975,192 | |
Omni Intermediate Holdings LLC, 2021 Term Loan (3 month LIBOR + 5.000%) | 7.118 | 12-30-26 | 6,284,862 | 5,729,473 | |
Simplicity Financial Marketing Holdings, Inc., Delayed Draw Term Loan (3 month LIBOR + 5.500%) | 7.750 | 12-02-26 | 2,044,986 | 1,942,168 | |
Simplicity Financial Marketing Holdings, Inc., Term Loan (3 month LIBOR + 5.500%) | 7.750 | 12-02-26 | 4,629,611 | 4,373,672 | |
World Insurance Associates LLC, 2021 Delayed Draw Term Loan Tranche 4 (3 month LIBOR + 5.750%) | 7.804 | 04-01-26 | 4,832,882 | 4,262,633 | |
World Insurance Associates LLC, 2021 Revolver (1 month SOFR + 5.750%) | 6.994 | 04-01-26 | 216,418 | 177,229 | |
World Insurance Associates LLC, 2021 Term Loan (3 month SOFR + 5.750%) | 7.804 | 04-01-26 | 1,818,422 | 1,686,711 | |
World Insurance Associates LLC, 2022 Delayed Draw Term Loan Tranche 7 (3 month SOFR + 5.750%) | 7.804 | 04-01-26 | 59,261 | 54,769 | |
Health care 12.7% | 32,918,168 | ||||
Avante Health Solutions, Revolver (Prime rate + 3.750%) | 7.750 | 07-15-27 | 229,430 | 203,829 | |
Avante Health Solutions, Term Loan (3 month LIBOR + 4.750%) | 5.886 | 07-15-27 | 5,246,843 | 4,937,522 | |
BrightView LLC, Term Loan (3 month LIBOR + 5.750%) | 8.625 | 12-14-26 | 5,331,835 | 5,006,867 |
Portfolio of investments 6-30-22 (unaudited)
Rate (%) | Maturity date | Par value^ | Value | ||
Health care (continued) | |||||
Health Management Associates, Inc., 2018 Term Loan A (3 month LIBOR + 5.000%) | 6.000 | 09-24-26 | 5,953,046 | $5,418,109 | |
Health Management Associates, Inc., 2021 Delayed Draw Term Loan (1 month LIBOR + 5.000%) | 6.502 | 09-24-26 | 456,134 | 393,181 | |
MB2 Dental Solutions LLC, 2021 Delayed Draw Term Loan (Prime rate + 5.000% and 3 month LIBOR + 6.000%) | 7.434 | 01-29-27 | 1,898,663 | 1,744,112 | |
MB2 Dental Solutions LLC, 2021 Term Loan (3 month LIBOR + 6.000%) | 7.239 | 01-29-27 | 5,265,865 | 4,837,224 | |
Premier Imaging LLC, 2021 4th Amendment Delayed Draw Term Loan (1 month LIBOR + 5.700% and 5.750%) | 7.362 | 01-02-25 | 1,394,925 | 1,223,690 | |
Premier Imaging LLC, 2021 4th Amendment Term Loan (1 month LIBOR + 5.750%) | 7.416 | 01-02-25 | 5,132,280 | 4,950,673 | |
Therapeutic Research Center LLC, Term Loan (3 month LIBOR + 4.500%) | 6.750 | 03-21-26 | 4,626,409 | 4,202,961 | |
Industrials 37.4% | 97,104,695 | ||||
Apex Service Partners LLC, 2019 Term Loan (3 month LIBOR + 5.250%) | 6.722 | 07-31-25 | 4,911,807 | 4,694,706 | |
Apex Service Partners LLC, 2020 1st Lien Delayed Draw Term Loan (Prime rate + 4.500% and 3 month LIBOR + 5.500%) | 7.370 | 07-31-25 | 454,385 | 427,622 | |
Apex Service Partners LLC, 2020 Term Loan (3 month LIBOR + 5.500%) | 7.750 | 07-31-25 | 1,717,113 | 1,615,975 | |
BlueHalo Financing Holdings LLC, Revolver (1 month LIBOR + 6.000%) | 7.666 | 10-31-25 | 632,827 | 542,637 | |
BlueHalo Financing Holdings LLC, Term Loan A (3 month LIBOR + 6.000%) | 8.118 | 10-31-25 | 5,798,183 | 5,451,269 | |
CLS Management Services, Inc., Term Loan (3 month LIBOR + 4.500%) | 5.500 | 05-31-27 | 3,799,853 | 3,341,886 | |
GSM Acquisition Corp., Delayed Draw Term Loan (3 month LIBOR + 5.000%) | 7.316 | 11-16-26 | 905,282 | 880,938 | |
GSM Acquisition Corp., Revolver (3 month LIBOR + 5.000% and 3 month SOFR + 5.000%) | 7.064 | 11-16-26 | 568,987 | 546,777 | |
GSM Acquisition Corp., Term Loan (3 month SOFR + 5.000%) | 7.137 | 11-16-26 | 7,821,789 | 7,611,451 | |
ISS Compressors Industries, Inc., 2020 Revolver (Prime rate + 4.500%, 1 and 3 month LIBOR + 5.500%, 1 month SOFR + 5.500% and 3 month LIBOR + 4.500%) | 7.547 | 02-05-26 | 163,248 | 163,248 | |
ISS Compressors Industries, Inc., 2020 Term Loan (3 month LIBOR + 4.500% and 3 month SOFR + 5.500%) | 6.830 | 02-05-26 | 5,549,050 | 5,549,050 | |
Luv Car Wash Group LLC, 2021 Delayed Draw Term Loan A (1 month LIBOR + 5.500%) | 6.500 | 12-09-26 | 1,937,146 | 1,896,862 | |
Luv Car Wash Group LLC, 2021 Delayed Draw Term Loan B (1 month LIBOR + 5.500%) | 6.500 | 12-09-26 | 1,567,584 | 1,534,986 | |
Luv Car Wash Group LLC, 2022 Delayed Draw Term Loan C (1 and 3 month LIBOR + 5.500%) | 6.500 | 12-09-26 | 2,956,588 | 2,821,760 | |
Management Consulting & Research LLC, Term Loan (3 month SOFR + 6.000%) | 8.054 | 08-16-27 | 6,308,799 | 6,173,025 | |
MWD Management LLC, Term Loan (3 month SOFR + 5.000%) | 5.171 | 06-15-27 | 5,000,000 | 4,800,000 | |
Octo Consulting Group LLC, Term Loan (1 month LIBOR + 5.000%) | 6.666 | 04-30-25 | 7,109,033 | 6,997,067 | |
OIS Management Services LLC, Delayed Draw Term Loan (3 month SOFR + 4.750%) | 6.891 | 07-09-26 | 2,827,397 | 2,677,503 | |
Orion Group HoldCo LLC, Delayed Draw Term Loan (3 and 6 month LIBOR + 5.500% and 3 and 6 month SOFR + 5.500%) | 8.507 | 03-19-27 | 3,336,007 | 3,073,100 |
Portfolio of investments 6-30-22 (unaudited)
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Orion Group HoldCo LLC, Revolver (3 and 6 month SOFR + 5.500%) | 8.099 | 03-19-27 | 471,586 | $406,495 | |
Orion Group HoldCo LLC, Term Loan (3 month SOFR + 5.500%) | 8.507 | 03-19-27 | 3,206,111 | 2,953,441 | |
Paint Intermediate III LLC, 1st Lien Term Loan (3 month LIBOR + 4.250%) | 6.510 | 06-14-24 | 2,942,281 | 2,942,281 | |
Pathstone Family Office LLC, Delayed Draw Term Loan (Prime rate + 4.250%) | 9.000 | 06-01-27 | 8,000,000 | 7,825,000 | |
Southern Orthodontic Partners Management LLC, 4th Amendment Delayed Draw Term Loan (3 month SOFR + 5.750%) | 7.035 | 01-27-26 | 1,600,000 | 1,500,000 | |
The S2 HR Group LLC, Revolver (3 month LIBOR + 4.250%) | 6.500 | 05-30-25 | 594,404 | 591,498 | |
The S2 HR Group LLC, Term Loan (3 month LIBOR + 4.250%) | 6.500 | 05-30-25 | 6,818,855 | 6,812,185 | |
WilliamsMarston LLC, Delayed Draw Term Loan (3 month LIBOR + 5.250%) | 6.585 | 07-01-25 | 692,869 | 692,869 | |
WilliamsMarston LLC, Term Loan (1 month LIBOR + 5.250%) | 6.916 | 07-01-25 | 6,506,229 | 6,506,229 | |
WSC Holdings Midco LLC, 2022 Term Loan (3 month LIBOR + 4.500%) | 5.523 | 07-31-27 | 6,274,834 | 6,074,835 | |
Information technology 9.5% | 24,562,752 | ||||
Drilling Info, Inc., 2018 Term Loan (1 month LIBOR + 4.250%) | 5.916 | 07-30-25 | 4,910,790 | 4,910,790 | |
MRI Software LLC, 2020 Term Loan B (3 month LIBOR + 5.500%) | 7.750 | 02-10-26 | 4,600,808 | 4,364,920 | |
Nxgen Buyer, Inc., 2021 Term Loan (1 month LIBOR + 4.750%) | 6.416 | 10-31-25 | 2,238,750 | 2,214,795 | |
Nxgen Buyer, Inc., Term Loan (1 month LIBOR + 4.500%) | 6.166 | 10-31-25 | 4,911,839 | 4,859,282 | |
Trimech Acquisition Corp., Revolver (3 month SOFR + 4.750%) | 4.921 | 03-10-28 | 157,895 | 77,796 | |
Trimech Acquisition Corp., Term Loan (3 month SOFR + 4.750%) | 6.804 | 03-10-28 | 8,662,500 | 8,135,169 | |
Materials 14.6% | 37,791,063 | ||||
Comar Holding Company LLC, 2018 Term Loan (3 month LIBOR + 5.750%) | 8.000 | 06-18-24 | 1,727,691 | 1,666,172 | |
Comar Holding Company LLC, 2nd Amendment Delayed Draw Term Loan (1 month LIBOR + 6.250%) | 8.500 | 06-18-24 | 734,249 | 711,707 | |
Comar Holding Company LLC, Delayed Draw Term Loan (3 month LIBOR + 5.750%) | 8.000 | 06-18-24 | 610,921 | 592,166 | |
Comar Holding Company LLC, First Amendment Term Loan (3 month LIBOR + 5.750%) | 8.000 | 06-18-24 | 1,574,919 | 1,526,569 | |
DCG Acquisition Corp., 2nd Lien Term Loan (1 month LIBOR + 8.500%) | 9.562 | 09-30-27 | 5,000,000 | 4,872,000 | |
Liqui-Box Holdings, Inc., Term Loan B (3 month LIBOR + 4.500%) | 6.075 | 02-26-27 | 2,947,368 | 2,798,526 | |
Polymer Solutions Group LLC, 2019 Term Loan (3 month LIBOR + 4.750%) | 7.000 | 11-26-26 | 1,884,058 | 1,853,218 | |
Roofing Buyer LLC, Delayed Draw Term Loan (3 month LIBOR + 6.000%) | 8.054 | 12-08-26 | 6,440,107 | 5,777,378 | |
Tilley Chemical Company, Inc., Delayed Draw Term Loan (1 month LIBOR + 6.000%) | 7.652 | 12-31-26 | 1,483,462 | 1,364,284 | |
Tilley Chemical Company, Inc., Revolver (Prime rate + 5.000%) | 9.750 | 12-31-26 | 772,485 | 657,301 | |
Tilley Chemical Company, Inc., Term Loan A (Prime rate + 5.000% and 3 month SOFR + 6.000%) | 9.535 | 12-31-26 | 6,825,403 | 6,277,069 | |
Walnut Parent, Inc., 2022 2nd Amendment Incremental Term Loan (3 month LIBOR + 5.500%) | 6.720 | 11-09-27 | 2,750,000 | 2,701,875 | |
Walnut Parent, Inc., Term Loan (1 month LIBOR + 5.500%) | 7.170 | 11-09-27 | 7,117,351 | 6,992,798 |
Portfolio of investments 6-30-22 (unaudited)
Yield (%) | Shares | Value | |||
Short-term investments 8.8% | $22,748,183 | ||||
(Cost $22,748,183) | |||||
Short-term funds 8.8% | 22,748,183 | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.7415(C) | 22,748,183 | 22,748,183 |
Total investments (Cost $277,986,191) 103.6% | $268,814,507 | ||||
Other assets and liabilities, net (3.6%) | (9,414,853) | ||||
Total net assets 100.0% | $259,399,654 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
(A) | Securities are valued using significant unobservable inputs and are classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements. |
(B) | Senior loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(C) | The rate shown is the annualized seven-day yield as of 6-30-22. |
John Hancock GA Senior Loan Trust
Assets | |
Unaffiliated investments, at value (Cost $277,986,191) | $268,814,507 |
Interest receivable | 990,183 |
Receivable for investments sold | 5,024 |
Other assets | 8,167 |
Total assets | 269,817,881 |
Liabilities | |
Due to custodian | 5,864,970 |
Distributions payable | 3,668,571 |
Payable for investments purchased | 26,230 |
Payable to affiliates | |
Investment management fees | 350,864 |
Accounting and legal services fees | 16,295 |
Trustees' fees | 67 |
Other liabilities and accrued expenses | 491,230 |
Total liabilities | 10,418,227 |
Net assets | $259,399,654 |
Net assets consist of | |
Paid-in capital | $271,684,421 |
Total distributable earnings | (12,284,767) |
Net assets | $259,399,654 |
Net asset value per share | |
Based on 16,693,533 shares of beneficial interest outstanding - unlimited number of shares authorized with no par value | $15.54 |
Statement of operations for the six months ended 6-30-22(unaudited)
Investment income | |
Interest | $7,958,764 |
Expenses | |
Investment management fees | 656,410 |
Accounting and legal services fees | 40,713 |
Transfer agent fees | 18,442 |
Trustees' fees | 43,192 |
Custodian fees | 83,160 |
Professional fees | 150,233 |
Other | 59,380 |
Total expenses | 1,051,530 |
Net investment income | 6,907,234 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments | 226,281 |
226,281 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | (11,387,691) |
(11,387,691) | |
Net realized and unrealized loss | (11,161,410) |
Decrease in net assets from operations | $(4,254,176) |
Statement of changes in net assets
Six months ended 6-30-22 (unaudited) | Year ended 12-31-21 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $6,907,234 | $8,208,905 |
Net realized gain | 226,281 | 671,988 |
Change in net unrealized appreciation (depreciation) | (11,387,691) | 373,501 |
Increase in net assets resulting from operations | (4,254,176) | 9,254,394 |
Distributions to shareholders | ||
From net investment income and net realized gain | (5,978,514) | (12,669,417) |
From tax return of capital | — | (36,709,717) |
Total distributions | (5,978,514) | (49,379,134) |
From fund share transactions | ||
Fund shares issued | 51,000,000 | 69,200,000 |
Total increase | 40,767,310 | 29,075,260 |
Net assets | ||
Beginning of period | 218,632,344 | 189,557,084 |
End of period | $259,399,654 | $218,632,344 |
Share activity | ||
Shares outstanding | ||
Beginning of period | 13,524,791 | 9,392,193 |
Shares issued | 3,168,742 | 4,132,598 |
End of period | 16,693,533 | 13,524,791 |
Statement of cash flows for the six months ended 6-30-22 (unaudited)
Cash flows from operating activities | |
Net decrease in net assets from operations | $(4,254,176) |
Adjustments to reconcile net decrease in net assets from operations to net cash used in operating activities: | |
Long-term investments purchased | (88,930,213) |
Long-term investments sold | 25,620,615 |
Net purchases and sales in short-term investments | 8,961,945 |
Net amortization of premium (discount) | (378,367) |
(Increase) Decrease in assets: | |
Interest receivable | (279,250) |
Receivable for investments sold | (5,024) |
Other assets | (8,167) |
Increase (Decrease) in liabilities: | |
Payable for investments purchased | 25,544 |
Payable to affiliates | (816,231) |
Other liabilities and accrued expenses | (50,517) |
Net change in unrealized (appreciation) depreciation on: | |
Unaffiliated investments | 11,387,691 |
Net realized (gain) loss on: | |
Unaffiliated investments | (226,281) |
Net cash used in operating activities | $(48,952,431) |
Cash flows provided by (used in) financing activities | |
Distributions to shareholders | $(6,220,501) |
Increase (Decrease) in due to custodian | 4,172,932 |
Fund shares issued | 51,000,000 |
Net cash flows provided by financing activities | $48,952,431 |
Cash at beginning of period | $— |
Cash at end of period | $— |
Financial highlights
Period ended | 6-30-221 | 12-31-21 | 12-31-202 |
Per share operating performance | |||
Net asset value, beginning of period | $16.17 | $20.18 | $20.00 |
Net investment income3 | 0.46 | 0.79 | 0.06 |
Net realized and unrealized gain (loss) on investments | (0.71) | 0.13 | 0.22 |
Total from investment operations | (0.25) | 0.92 | 0.28 |
Less distributions | |||
From net investment income | (0.38) | (1.15) | (0.10) |
From net realized gain | — | (0.04) | — |
From tax return of capital | — | (3.74) | — |
Total distributions | (0.38) | (4.93) | (0.10) |
Net asset value, end of period | $15.54 | $16.17 | $20.18 |
Total return (%) | (1.51)4 | 5.15 | 1.404 |
Ratios and supplemental data | |||
Net assets, end of period (in millions) | $259 | $219 | $190 |
Ratios (as a percentage of average net assets): | |||
Expenses | 0.885 | 1.54 | 1.696 |
Net investment income | 5.795 | 4.32 | 3.446 |
Portfolio turnover (%) | 12 | 37 | 6 |
1 | Six months ended 6-30-22. Unaudited. |
2 | Period from 11-3-20 (commencement of operations) to 12-31-20. |
3 | Based on average daily shares outstanding. |
4 | Not annualized. |
5 | Annualized. |
6 | Annualized. Certain expenses are presented unannualized. |
Notes to financial statements 6-30-22 (unaudited)
Notes to financial statements 6-30-22 (unaudited)
Total value at 6-30-22 | Level 1 quoted price | Level 2 Significant observable inputs | Level 3 Significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Senior loans | $246,066,324 | — | — | $246,066,324 |
Short-term investments | 22,748,183 | $22,748,183 | — | — |
Total investments in securities | $268,814,507 | $22,748,183 | — | $246,066,324 |
Senior loans | |
Balance as of 12-31-21 | $193,539,769 |
Purchases | 88,930,213 |
Sales | (25,620,615) |
Realized gain (loss) | 226,281 |
Net amortization of (premium) discount | 378,367 |
Change in unrealized appreciation (depreciation) | (11,387,691) |
Balance as of 6-30-22 | $246,066,324 |
Change in unrealized at period end* | $(11,145,729) |
Fair Value at 6-30-22 | Valuation technique | Significant unobservable inputs | Input/Range | Input weighted average* | |
Senior Loans | $246,066,324 | Discounted cash flow | Discount rate | 0.50% - 12.36% | 9.73% |
Notes to financial statements 6-30-22 (unaudited)
Significant Unobservable Input | Impact to Valuation if input had increased | Impact to Valuation if input had decreased |
Discount rate | Decrease | Increase |
Notes to financial statements 6-30-22 (unaudited)
Unfunded Term Loan | Principal on Delayed Draw Term Loan | Principal on Revolver | Unrealized Appreciation (Depreciation) |
Andretti Buyer LLC | — | $897,364 | ($43,477) |
Avante Health Solutions | $1,376,582 | 344,146 | (90,503) |
BlueHalo Financing Holdings LLC | — | 770,398 | (49,516) |
BrightView LLC | 1,576,087 | 315,217 | (54,621) |
Cerity Partners LLC | 1,752,143 | 439,394 | — |
CLS Management Services, Inc. | 2,132,353 | 1,279,412 | (216,661) |
Comar Holding Company LLC | — | 276,184 | (8,479) |
GC Waves Holdings, Inc. | 4,780,000 | 867,298 | — |
GSM Acquisition Corp. | — | 256,962 | (6,910) |
Health Management Associates, Inc. | 304,089 | 506,816 | (67,150) |
Insignia Finance Merger SUB LLC | — | 1,115,385 | (123,751) |
ISS Compressors Industries, Inc. | — | 87,903 | — |
LUV Car Wash Group LLC | 3,527,027 | — | (73,345) |
Management Consulting & Research LLC | 2,750,000 | 909,498 | (41,142) |
MC Group Ventures Corp. | 1,216,964 | 336,607 | (143,463) |
MRI Software LLC | — | 318,037 | (15,252) |
MWD Management LLC | 4,000,000 | 1,000,000 | (100,000) |
Oakbridge Insurance Agency LLC | 2,266,379 | 598,385 | (181,986) |
OIS Management Services LLC | 6,475,862 | 689,655 | (107,483) |
Omni Intermediate Holdings LLC | 374,413 | 544,601 | (64,077) |
Orion Group HoldCo LLC | — | 199,711 | (19,365) |
Pathstone Family Office LLC | 2,000,000 | — | (35,000) |
Polymer Solutions Group LLC | — | 463,768 | (3,710) |
Premier Imaging LLC | 3,444,260 | — | (121,876) |
Roofing Buyer LLC | 412,101 | 381,651 | (72,720) |
Simplicity Financial Marketing Holdings, Inc. | — | 460,903 | (23,173) |
Southern Orthodontic Partners Management LLC | 8,400,000 | — | (84,000) |
The S2 HR Group LLC | — | 2,377,617 | (2,325) |
Therapeutic Research Center LLC | — | 303,131 | (26,039) |
Tilley Chemical Company, Inc. | — | 661,275 | (53,125) |
Notes to financial statements 6-30-22 (unaudited)
Unfunded Term Loan | Principal on Delayed Draw Term Loan | Principal on Revolver | Unrealized Appreciation (Depreciation) |
Trimech Acquisition Corp. | — | 1,157,895 | (70,487) |
World Insurance Associates LLC | 2,690,739 | 324,627 | (227,456) |
WSC Holdings Midco LLC | 3,104,305 | 620,861 | (74,503) |
Total | $52,583,304 | $18,504,701 | $(2,201,595) |
Notes to financial statements 6-30-22 (unaudited)
Notes to financial statements 6-30-22 (unaudited)
Notes to financial statements 6-30-22 (unaudited)
Investment objective, principal investment strategies, and principal risks (unaudited)
Investment objective, principal investment strategies, and principal risks (unaudited)
Investment objective, principal investment strategies, and principal risks (unaudited)
More information
ITEM 2. CODE OF ETHICS.
Not applicable at this time.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not applicable at this time.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Not applicable at this time.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Not applicable.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a)Not applicable.
(b)Not applicable.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED- END MANAGEMENT INVESTMENT COMPANIES.
Not applicable at this time.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable at this time.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
(a)Not applicable.
(b)Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The registrant has adopted procedures by which shareholders may recommend nominees to the registrant's Board of Trustees. A copy of the procedures is filed as an exhibit to this Form N-CSR. See attached "Nominating, Governance and Administration Committee Charter."
ITEM 11. CONTROLS AND PROCEDURES.
(a)Based upon their evaluation of the registrant's disclosure controls and procedures as
conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b)There were no changes in the registrant's internal control over financial reporting that
occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
The Registrant did not participate in securities lending activities.
ITEM 13. EXHIBITS.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock GA Senior Loan Trust
By: | /s/ Ian Roke |
| ------------------------------ |
| Ian Roke |
| President |
Date: | August 24, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Ian Roke |
| ------------------------------- |
| Ian Roke |
| President |
Date: | August 24, 2022 |
By: | /s/ Heidi Knapp |
| ------------------------------- |
| Heidi Knapp |
| Treasurer and Chief Financial Officer |
Date: | August 24, 2022 |