Cover
Cover - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Mar. 06, 2024 | Jun. 30, 2023 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2023 | ||
Current Fiscal Year End Date | --12-31 | ||
Document Transition Report | false | ||
Entity File Number | 000-56123 | ||
Entity Registrant Name | NMF SLF I, Inc. | ||
Entity Address, Address Line One | 1633 Broadway, 48th Floor | ||
Entity Address, City or Town | New York | ||
Entity Address, State or Province | NY | ||
Entity Address, Postal Zip Code | 10019 | ||
City Area Code | 212 | ||
Local Phone Number | 720-0300 | ||
Entity Incorporation, State or Country Code | MD | ||
Entity Tax Identification Number | 83-3291673 | ||
Title of 12(g) Security | Common Stock, par value $0.001 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | true | ||
Entity Ex Transition Period | false | ||
ICFR Auditor Attestation Flag | false | ||
Document Financial Statement Error Correction | false | ||
Entity Shell Company | false | ||
Entity Common Stock, Shares Outstanding | 87,812,771 | ||
Entity Public Float | $ 0 | ||
Entity Central Index Key | 0001766037 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2023 | ||
Document Fiscal Period Focus | FY |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2023 | |
Audit Information [Abstract] | |
Auditor Firm ID | 34 |
Auditor Name | Deloitte & Touche LLP |
Auditor Location | New York, NY 10112 |
Consolidated Statements of Asse
Consolidated Statements of Assets and Liabilities - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Assets | ||
Non-controlled/non-affiliated investments at fair value (cost of $1,321,455 and $1,191,246, respectively) | $ 1,320,435 | $ 1,173,399 |
Cash and cash equivalents | 22,158 | 16,012 |
Interest receivable | 9,716 | 6,833 |
Receivable from unsettled securities sold | 2,992 | 0 |
Other assets | 148 | 328 |
Total assets | 1,355,449 | 1,196,572 |
Borrowings | ||
Wells Credit Facility | 433,800 | 394,500 |
Deferred financing costs (net of accumulated amortization of $2,959 and $1,975, respectively) | (7,243) | (2,644) |
Net borrowings | 426,557 | 391,856 |
Distribution payable | 56,514 | 40,489 |
Interest payable | 2,936 | 2,181 |
Management fee payable | 2,069 | 1,878 |
Payable for unsettled securities purchased | 1,344 | 0 |
Accrued organizational and offering expenses | 0 | 61 |
Total liabilities | 490,395 | 437,497 |
Commitments and contingencies (See Note 8) | ||
Net Assets | ||
Common stock, par value $0.001, 500,000,000 shares authorized, 82,381,922 and 73,750,032 shares issued and outstanding, respectively | 82 | 74 |
Paid in capital in excess of par | 860,861 | 771,472 |
Accumulated undistributed (overdistributed) earnings | 4,111 | (12,471) |
Total net assets | 865,054 | 759,075 |
Total liabilities and net assets | $ 1,355,449 | $ 1,196,572 |
Net assets value per share (in dollars per share) | $ 10.50 | $ 10.29 |
Payable to affiliates | ||
Borrowings | ||
Other liabilities | $ 147 | $ 160 |
Other liabilities | ||
Borrowings | ||
Other liabilities | $ 828 | $ 872 |
Consolidated Statements of As_2
Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Cost | $ 1,321,455 | $ 1,191,246 |
Deferred financing costs, accumulated amortization | $ 2,959 | $ 1,975 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, authorized (in shares) | 500,000,000 | 500,000,000 |
Common stock, issued (in shares) | 82,381,922 | 73,750,032 |
Common stock, outstanding (in shares) | 82,381,922 | 73,750,032 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investment income | |||
Interest income (excluding Payment-in-kind ("PIK") interest income) | $ 135,768 | $ 90,508 | $ 52,512 |
PIK interest income | 6,093 | 4,089 | 1,304 |
Fee income | 3,029 | 4,663 | 8,768 |
Total investment income | 144,890 | 99,260 | 62,584 |
Expenses | |||
Interest and other financing expenses | 29,312 | 16,724 | 5,845 |
Management fee | 7,863 | 7,015 | 4,618 |
Administrative expenses | 1,160 | 1,031 | 681 |
Professional fees | 1,038 | 1,014 | 681 |
Organizational expenses | 0 | 0 | 18 |
Other general and administrative expenses | 329 | 304 | 275 |
Total expenses | 39,702 | 26,088 | 12,118 |
Net investment income before income taxes | 105,188 | 73,172 | 50,466 |
Income tax expense, including excise tax | 0 | 0 | 3 |
Net investment income | 105,188 | 73,172 | 50,463 |
Net realized (losses) gains on investments | (11) | 1,260 | 608 |
Net change in unrealized appreciation (depreciation) of investments | 16,827 | (26,988) | (9,963) |
Net realized and unrealized gains (losses) | 16,816 | (25,728) | (9,355) |
Net increase in net assets resulting from operations | $ 122,004 | $ 47,444 | $ 41,108 |
Earnings per share | |||
Basic (in dollars per share) | $ 1.53 | $ 0.66 | $ 0.97 |
Diluted (in dollars per share) | $ 1.53 | $ 0.66 | $ 0.97 |
Weighted average shares of common stock outstanding | |||
Basic (in shares) | 79,577,910 | 71,995,717 | 42,261,286 |
Diluted (in shares) | 79,577,910 | 71,995,717 | 42,261,286 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Net Assets - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Increase (decrease) in net assets resulting from operations | |||
Net investment income | $ 105,188 | $ 73,172 | $ 50,463 |
Net realized (losses) gains on investments | (11) | 1,260 | 608 |
Net change in unrealized appreciation (depreciation) of investments | 16,827 | (26,988) | (9,963) |
Net increase in net assets resulting from operations | 122,004 | 47,444 | 41,108 |
Capital transactions | |||
Net proceeds from shares of common stock sold | 0 | 0 | 324,300 |
Distributions declared to stockholders from net investment income | (105,423) | (72,585) | (51,882) |
Reinvestment of distributions | 89,398 | 64,117 | 19,861 |
Total net (decrease) increase in net assets resulting from capital transactions | (16,025) | (8,468) | 292,279 |
Net increase in net assets | 105,979 | 38,976 | 333,387 |
Beginning of the period | 759,075 | 720,099 | 386,712 |
Ending of the period | $ 865,054 | $ 759,075 | $ 720,099 |
Capital share activity | |||
Shares of common stock sold (in shares) | 0 | 0 | 30,261,530 |
Shares issued from the reinvestment of distribution (in shares) | 8,631,890 | 6,010,548 | 1,829,609 |
Net increase in shares of common stock outstanding (in shares) | 8,631,890 | 6,010,548 | 32,091,139 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Cash flows from operating activities | |||
Net increase in net assets resulting from operations | $ 122,004 | $ 47,444 | $ 41,108 |
Adjustments to reconcile net increase in net assets resulting from operations to net cash used in by operating activities: | |||
Net realized losses (gains) on investments | 11 | (1,260) | (608) |
Net change in unrealized (appreciation) depreciation of investments | (16,827) | 26,988 | 9,963 |
Amortization of purchase discount | (3,890) | (4,994) | (11,109) |
Amortization of deferred financing costs | 984 | 887 | 896 |
Non-cash investment income | (5,824) | (3,963) | (1,191) |
(Increase) decrease in operating assets: | |||
Cash received for purchase of undrawn portion of revolving credit or delayed draw facilities | 134 | 174 | 553 |
Interest receivable | (2,883) | (1,596) | (3,446) |
Receivable from unsettled securities sold | (2,992) | 0 | 0 |
Other assets | 180 | 9 | (271) |
Increase (decrease) in operating liabilities: | |||
Payable for unsettled securities purchased | 1,344 | (27,781) | (329) |
Management fee payable | 191 | 418 | 778 |
Interest payable | 755 | 1,535 | 594 |
Accrued organizational and offering expenses | (61) | 61 | 0 |
Payable to affiliates | (13) | 46 | 71 |
Other liabilities | (48) | 379 | 124 |
Net cash flows used in operating activities | (27,575) | (81,908) | (562,536) |
Cash flows from financing activities | |||
Distributions paid | 0 | 0 | (5,811) |
Net proceeds from issuance of common stock | 0 | 0 | 324,300 |
Deferred financing costs paid | (5,579) | (6) | (1,600) |
Net cash flows provided by financing activities | 33,721 | 76,494 | 546,889 |
Net increase (decrease) in cash and cash equivalents | 6,146 | (5,414) | (15,647) |
Cash and cash equivalents at the beginning of the period | 16,012 | 21,426 | 37,073 |
Cash and cash equivalents at the end of the period | 22,158 | 16,012 | 21,426 |
Supplemental disclosure of cash flow information | |||
Cash interest paid | 27,189 | 13,922 | 3,868 |
Income taxes paid | 0 | 0 | 23 |
Non-cash financing activities: | |||
Distributions declared and payable | 56,514 | 40,489 | 32,021 |
Value of shares issued in connection with reinvestment of distributions | 89,398 | 64,117 | 19,861 |
Accrual for deferred financing costs | 4 | 0 | 6 |
Wells Subscription Line | |||
Cash flows from financing activities | |||
Repayments of long-term lines of credit | 0 | 0 | (8,000) |
Wells Credit Facility | |||
Cash flows from financing activities | |||
Proceeds from long-term lines of credit | 149,000 | 247,000 | 458,000 |
Repayments of long-term lines of credit | (109,700) | (170,500) | (220,000) |
Investments Including Delayed Draw Facilities | |||
(Increase) decrease in operating assets: | |||
Cash paid for purchase of investments | (230,547) | (310,543) | (802,625) |
Investments Excluding Drawn Revolvers | |||
(Increase) decrease in operating assets: | |||
Proceeds from sales and paydowns of investments | 110,507 | 194,923 | 206,097 |
Drawn Revolving Credit Facilities | |||
(Increase) decrease in operating assets: | |||
Cash paid for purchase of investments | (466) | (34) | (1,038) |
Drawn Revolvers | |||
(Increase) decrease in operating assets: | |||
Cash paid for purchase of investments | (30,915) | (30,464) | (6,998) |
Proceeds from sales and paydowns of investments | $ 30,781 | $ 25,863 | $ 4,895 |
Consolidated Schedule of Invest
Consolidated Schedule of Investments - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | ||||
Schedule of Investments [Line Items] | |||||
Cost | $ 1,321,455 | $ 1,191,246 | |||
Total investments | $ 1,320,435 | $ 1,173,399 | |||
Percent of Net Assets | 154.59% | ||||
Concentration risk (as a percent) | 100% | 100% | |||
Software | |||||
Schedule of Investments [Line Items] | |||||
Cost | $ 533,247 | $ 480,494 | |||
Total investments | 535,183 | 476,479 | |||
Business Services | |||||
Schedule of Investments [Line Items] | |||||
Cost | 301,090 | 262,842 | |||
Total investments | 302,599 | 259,347 | |||
Healthcare | |||||
Schedule of Investments [Line Items] | |||||
Cost | 208,815 | 201,974 | |||
Total investments | 204,943 | 196,864 | |||
Financial Services | |||||
Schedule of Investments [Line Items] | |||||
Cost | 97,914 | 91,188 | |||
Total investments | 98,558 | 89,468 | |||
Consumer Services | |||||
Schedule of Investments [Line Items] | |||||
Cost | 51,517 | 37,831 | |||
Total investments | 51,576 | 37,307 | |||
Consumer Products | |||||
Schedule of Investments [Line Items] | |||||
Cost | 22,650 | 23,030 | |||
Total investments | 20,971 | 22,759 | |||
Information Technology | |||||
Schedule of Investments [Line Items] | |||||
Cost | 22,799 | ||||
Total investments | 22,611 | ||||
Distribution & Logistics | |||||
Schedule of Investments [Line Items] | |||||
Cost | 22,626 | 22,437 | |||
Total investments | 21,938 | 21,670 | |||
Education | |||||
Schedule of Investments [Line Items] | |||||
Cost | 34,168 | 17,847 | |||
Total investments | 34,468 | 17,197 | |||
Packaging | |||||
Schedule of Investments [Line Items] | |||||
Cost | 17,314 | 17,290 | |||
Total investments | 17,315 | 16,937 | |||
Food & Beverage | |||||
Schedule of Investments [Line Items] | |||||
Cost | 13,425 | ||||
Total investments | 14,405 | ||||
Specialty Chemicals & Materials | |||||
Schedule of Investments [Line Items] | |||||
Cost | 12,286 | 12,266 | |||
Total investments | 12,075 | 11,673 | |||
Business Products | |||||
Schedule of Investments [Line Items] | |||||
Cost | 6,403 | 1,248 | |||
Total investments | $ 6,404 | $ 1,087 | |||
Investments, At Fair Value | Industry Concentration Risk | Software | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 40.53% | 40.61% | |||
Investments, At Fair Value | Industry Concentration Risk | Business Services | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 22.92% | 22.10% | |||
Investments, At Fair Value | Industry Concentration Risk | Healthcare | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 15.52% | 16.78% | |||
Investments, At Fair Value | Industry Concentration Risk | Financial Services | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 7.46% | 7.62% | |||
Investments, At Fair Value | Industry Concentration Risk | Consumer Services | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 3.91% | 3.18% | |||
Investments, At Fair Value | Industry Concentration Risk | Consumer Products | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 1.59% | 1.94% | |||
Investments, At Fair Value | Industry Concentration Risk | Information Technology | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 1.93% | ||||
Investments, At Fair Value | Industry Concentration Risk | Distribution & Logistics | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 1.66% | 1.85% | |||
Investments, At Fair Value | Industry Concentration Risk | Education | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 2.61% | 1.47% | |||
Investments, At Fair Value | Industry Concentration Risk | Packaging | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 1.31% | 1.44% | |||
Investments, At Fair Value | Industry Concentration Risk | Food & Beverage | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 1.09% | ||||
Investments, At Fair Value | Industry Concentration Risk | Specialty Chemicals & Materials | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 0.91% | 0.99% | |||
Investments, At Fair Value | Industry Concentration Risk | Business Products | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 0.49% | 0.09% | |||
Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Cost | $ 1,322,067 | [1] | $ 1,191,706 | [2] | |
Total investments | $ 1,321,013 | [1] | $ 1,175,676 | [2] | |
Percent of Net Assets | 152.71% | [1] | 154.89% | [2] | |
Funded Debt Securities | Non-controlled/Non-affiliated | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 1,335,536 | [1] | $ 1,203,975 | [2] | |
Cost | 1,322,067 | [1] | 1,191,706 | [2] | |
Total investments | $ 1,321,013 | [1] | $ 1,175,676 | [2] | |
Percent of Net Assets | 152.71% | [1] | 154.89% | [2] | |
Funded Debt Securities | UNITED STATES | Non-controlled/Non-affiliated | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 1,332,417 | [1] | $ 1,166,146 | [2] | |
Cost | 1,318,986 | [1] | 1,154,224 | [2] | |
Total investments | $ 1,317,902 | [1] | $ 1,138,523 | [2] | |
Percent of Net Assets | 152.35% | [1] | 149.99% | [2] | |
Funded Debt Securities | UNITED STATES | Non-controlled/Affiliated | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [2] | $ 12,574 | |||
Cost | [2] | 12,458 | |||
Total investments | [2] | $ 12,303 | |||
Percent of Net Assets | [2] | 1.63% | |||
Funded Debt Securities | UNITED STATES | Controlled | |||||
Schedule of Investments [Line Items] | |||||
Cost | $ 0 | [1] | $ 0 | [2] | |
Total investments | $ 0 | [1] | $ 0 | [2] | |
Percent of Net Assets | 0% | [1] | 0% | [2] | |
Funded Debt Securities | AUSTRALIA | Non-controlled/Non-affiliated | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 3,119 | [1] | $ 2,245 | [2] | |
Cost | 3,081 | [1] | 2,211 | [2] | |
Total investments | $ 3,111 | [1] | $ 2,211 | [2] | |
Percent of Net Assets | 0.36% | [1] | 0.29% | [2] | |
Funded Debt Securities | NETHERLANDS | Non-controlled/Non-affiliated | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [2] | $ 23,010 | |||
Cost | [2] | 22,813 | |||
Total investments | [2] | $ 22,639 | |||
Percent of Net Assets | [2] | 2.98% | |||
Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 127,852 | ||||
Cost | $ 1,321,455 | [1] | (460) | ||
Total investments | $ 1,320,435 | [1] | $ (2,277) | ||
Percent of Net Assets | 152.64% | [1] | (0.30%) | ||
Unfunded Debt Securities | Non-controlled/Non-affiliated | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 112,598 | |||
Cost | [1] | (612) | |||
Total investments | [1] | $ (578) | |||
Percent of Net Assets | [1] | (0.07%) | |||
Unfunded Debt Securities | Non-controlled/Affiliated | |||||
Schedule of Investments [Line Items] | |||||
Cost | [1] | $ 1,321,455 | |||
Total investments | [1] | $ 1,320,435 | |||
Percent of Net Assets | [1] | 152.64% | |||
Unfunded Debt Securities | UNITED STATES | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 125,918 | ||||
Cost | (443) | ||||
Total investments | $ (2,246) | ||||
Percent of Net Assets | (0.30%) | ||||
Unfunded Debt Securities | UNITED STATES | Non-controlled/Non-affiliated | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 112,390 | |||
Cost | [1] | (609) | |||
Total investments | [1] | $ (578) | |||
Percent of Net Assets | [1] | (0.07%) | |||
Unfunded Debt Securities | AUSTRALIA | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [3] | $ 208 | |||
Cost | [3] | (3) | |||
Total investments | [3] | $ (3) | |||
Percent of Net Assets | [3] | (0.00%) | |||
Unfunded Debt Securities | AUSTRALIA | Non-controlled/Non-affiliated | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 208 | |||
Cost | [1] | (3) | |||
Total investments | [1] | $ 0 | |||
Percent of Net Assets | [1] | 0% | |||
Unfunded Debt Securities | NETHERLANDS | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [3] | $ 1,726 | |||
Cost | [3] | (14) | |||
Total investments | [3] | $ (28) | |||
Percent of Net Assets | [3] | (0.00%) | |||
First lien | |||||
Schedule of Investments [Line Items] | |||||
Cost | $ 1,261,268 | $ 1,130,840 | |||
Total investments | $ 1,260,387 | $ 1,115,219 | |||
First lien | Investments, At Fair Value | Investment Type Concentration Risk | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 95.45% | 95.04% | |||
Second lien | |||||
Schedule of Investments [Line Items] | |||||
Cost | $ 59,103 | $ 59,361 | |||
Total investments | $ 58,870 | $ 57,133 | |||
Second lien | Investments, At Fair Value | Investment Type Concentration Risk | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 4.46% | 4.87% | |||
Subordinated | |||||
Schedule of Investments [Line Items] | |||||
Cost | $ 1,084 | $ 1,045 | |||
Total investments | $ 1,178 | $ 1,047 | |||
Subordinated | Investments, At Fair Value | Investment Type Concentration Risk | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 0.09% | 0.09% | |||
Equity and other | |||||
Schedule of Investments [Line Items] | |||||
Cost | $ 0 | $ 0 | |||
Total investments | $ 0 | $ 0 | |||
Equity and other | Investments, At Fair Value | Investment Type Concentration Risk | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 0% | [4] | 0% | [5] | |
Debt Securities, Floating Interest Rate | Investments, At Fair Value | Interest Rate Type Risk | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 99.91% | 99.91% | |||
Debt Securities, Fixed Interest Rate | Investments, At Fair Value | Interest Rate Type Risk | |||||
Schedule of Investments [Line Items] | |||||
Concentration risk (as a percent) | 0.09% | 0.09% | |||
Wealth Enhancement Group, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 31,323 | [1] | $ 30,620 | [2] | |
Cost | 31,208 | [1] | 30,485 | [2] | |
Total investments | $ 31,322 | [1] | $ 30,425 | [2] | |
Percent of Net Assets | 3.62% | [1] | 4.01% | [2] | |
Wealth Enhancement Group, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 924 | |||
Cost | [1] | (1) | |||
Total investments | [1] | $ 0 | |||
Percent of Net Assets | [1] | 0% | |||
Affinipay Midco, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 30,620 | |||
Cost | [1] | 30,577 | |||
Total investments | [1] | $ 30,620 | |||
Percent of Net Assets | [1] | 3.54% | |||
Affinipay Midco, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 847 | ||||
Cost | (2) | ||||
Total investments | $ (9) | ||||
Percent of Net Assets | (0.00%) | ||||
GS Acquisitionco, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 29,805 | [1] | $ 30,115 | [2] | |
Cost | 29,722 | [1] | 30,002 | [2] | |
Total investments | $ 29,805 | [1] | $ 29,847 | [2] | |
Percent of Net Assets | 3.45% | [1] | 3.94% | [2] | |
Pye-Barker Fire & Safety, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 29,780 | [1] | $ 30,533 | [2] | |
Cost | 29,519 | [1] | 30,222 | [2] | |
Total investments | $ 29,780 | [1] | $ 29,663 | [2] | |
Percent of Net Assets | 3.44% | [1] | 3.91% | [2] | |
Associations, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 28,987 | [1] | $ 26,244 | [2] | |
Cost | 28,901 | [1] | 26,148 | [2] | |
Total investments | $ 28,987 | [1] | $ 26,244 | [2] | |
Percent of Net Assets | 3.35% | [1] | 3.46% | [2] | |
Higginbotham Insurance Agency, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 28,047 | [1] | $ 30,349 | [2] | |
Cost | 27,927 | [1] | 30,185 | [2] | |
Total investments | $ 28,047 | [1] | $ 29,991 | [2] | |
Percent of Net Assets | 3.24% | [1] | 3.96% | [2] | |
Zone Climate Services, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 28,067 | [1] | $ 29,758 | [2] | |
Cost | 27,859 | [1] | 29,493 | [2] | |
Total investments | $ 27,995 | [1] | $ 29,283 | [2] | |
Percent of Net Assets | 3.24% | [1] | 3.86% | [2] | |
Syndigo LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 27,502 | [1] | $ 23,650 | [2] | |
Cost | 27,166 | [1] | 23,520 | [2] | |
Total investments | $ 27,502 | [1] | $ 22,864 | [2] | |
Percent of Net Assets | 3.18% | [1] | 3.01% | [2] | |
iCIMS, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 25,868 | [1] | $ 24,764 | [2] | |
Cost | 25,694 | [1] | 24,556 | [2] | |
Total investments | $ 26,068 | [1] | $ 24,554 | [2] | |
Percent of Net Assets | 3.01% | [1] | 3.24% | [2] | |
iCIMS, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 5,735 | |||
Cost | [1] | (14) | |||
Total investments | [1] | $ 0 | |||
Percent of Net Assets | [1] | 0% | |||
Allworth Financial Group, L.P. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 25,474 | [1] | $ 23,758 | [2] | |
Cost | 25,327 | [1] | 23,582 | [2] | |
Total investments | $ 25,474 | [1] | $ 23,103 | [2] | |
Percent of Net Assets | 2.94% | [1] | 3.04% | [2] | |
OA Buyer, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 24,882 | [1] | $ 25,135 | [2] | |
Cost | 24,691 | [1] | 24,913 | [2] | |
Total investments | $ 24,882 | [1] | $ 24,931 | [2] | |
Percent of Net Assets | 2.88% | [1] | 3.29% | [2] | |
AAH Topco, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 23,384 | [1] | $ 18,077 | [2] | |
Cost | 23,226 | [1] | 17,924 | [2] | |
Total investments | $ 23,385 | [1] | $ 17,852 | [2] | |
Percent of Net Assets | 2.70% | [1] | 2.35% | [2] | |
AAH Topco, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 4,512 | [1] | $ 8,085 | ||
Cost | (9) | [1] | (12) | ||
Total investments | $ 0 | [1] | $ (101) | ||
Percent of Net Assets | 0% | [1] | (0.01%) | ||
Kaseya Inc., | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 23,144 | |||
Cost | [1] | 22,983 | |||
Total investments | [1] | $ 23,144 | |||
Percent of Net Assets | [1] | 2.68% | |||
Kaseya Inc., | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 2,316 | |||
Cost | [1] | (18) | |||
Total investments | [1] | $ 0 | |||
Percent of Net Assets | [1] | 0% | |||
PDQ.com Corporation | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 22,989 | [1] | $ 22,512 | [2] | |
Cost | 22,908 | [1] | 22,421 | [2] | |
Total investments | $ 22,989 | [1] | $ 21,983 | [2] | |
Percent of Net Assets | 2.66% | [1] | 2.90% | [2] | |
PDQ.com Corporation | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 2,916 | |||
Cost | [1] | (9) | |||
Total investments | [1] | $ 0 | |||
Percent of Net Assets | [1] | 0% | |||
Diligent Corporation | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 23,432 | [1] | $ 26,166 | [2] | |
Cost | 23,352 | [1] | 26,028 | [2] | |
Total investments | $ 22,952 | [1] | $ 26,046 | [2] | |
Percent of Net Assets | 2.65% | [1] | 3.44% | [2] | |
Thermostat Purchaser III, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 22,022 | [1] | $ 20,153 | [2] | |
Cost | 21,980 | [1] | 20,108 | [2] | |
Total investments | $ 21,737 | [1] | $ 19,469 | [2] | |
Percent of Net Assets | 2.51% | [1] | 2.56% | [2] | |
CCBlue Bidco, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 22,471 | [1] | $ 22,069 | [2] | |
Cost | 22,316 | [1] | 21,881 | [2] | |
Total investments | $ 21,325 | [1] | $ 21,628 | [2] | |
Percent of Net Assets | 2.47% | [1] | 2.85% | [2] | |
Eisner Advisory Group LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 21,101 | [1] | $ 21,316 | [2] | |
Cost | 21,000 | [1] | 21,197 | [2] | |
Total investments | $ 21,154 | [1] | $ 20,369 | [2] | |
Percent of Net Assets | 2.45% | [1] | 2.68% | [2] | |
Notorious Topco, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 22,779 | [1] | $ 23,195 | [2] | |
Cost | 22,663 | [1] | 23,042 | [2] | |
Total investments | $ 21,098 | [1] | $ 22,806 | [2] | |
Percent of Net Assets | 2.44% | [1] | 3% | [2] | |
Notorious Topco, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 2,767 | ||||
Cost | (12) | ||||
Total investments | $ (47) | ||||
Percent of Net Assets | (0.01%) | ||||
Recorded Future, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 19,580 | [1] | $ 19,779 | [2] | |
Cost | 19,509 | [1] | 19,666 | [2] | |
Total investments | $ 19,580 | [1] | $ 19,614 | [2] | |
Percent of Net Assets | 2.26% | [1] | 2.58% | [2] | |
GraphPAD Software, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 19,547 | [1] | $ 17,153 | [2] | |
Cost | 19,485 | [1] | 17,085 | [2] | |
Total investments | $ 19,547 | [1] | $ 16,849 | [2] | |
Percent of Net Assets | 2.26% | [1] | 2.22% | [2] | |
GraphPAD Software, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 6,068 | ||||
Cost | (24) | ||||
Total investments | $ (108) | ||||
Percent of Net Assets | (0.02%) | ||||
DECA Dental Holdings LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 19,617 | [1] | $ 19,805 | [2] | |
Cost | 19,485 | [1] | 19,640 | [2] | |
Total investments | $ 19,258 | [1] | $ 18,955 | [2] | |
Percent of Net Assets | 2.23% | [1] | 2.50% | [2] | |
DECA Dental Holdings LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 4,224 | ||||
Cost | (2) | ||||
Total investments | $ (182) | ||||
Percent of Net Assets | (0.02%) | ||||
KWOR Acquisition, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 18,753 | |||
Cost | [1] | 18,650 | |||
Total investments | [1] | $ 18,753 | |||
Percent of Net Assets | [1] | 2.17% | |||
Auctane Inc. (fka Stamps.com Inc.) | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 18,754 | [1] | $ 18,944 | [2] | |
Cost | 18,613 | [1] | 18,780 | [2] | |
Total investments | $ 18,433 | [1] | $ 18,622 | [2] | |
Percent of Net Assets | 2.13% | [1] | 2.45% | [2] | |
Fortis Solutions Group, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 17,452 | [1] | $ 17,451 | [2] | |
Cost | 17,330 | [1] | 17,305 | [2] | |
Total investments | $ 17,342 | [1] | $ 17,042 | [2] | |
Percent of Net Assets | 2% | [1] | 2.25% | [2] | |
Fortis Solutions Group, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 4,306 | [1] | $ 4,484 | ||
Cost | (16) | [1] | (15) | ||
Total investments | $ (27) | [1] | $ (105) | ||
Percent of Net Assets | (0.00%) | [1] | (0.02%) | ||
MRI Software LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 17,048 | [1] | $ 15,698 | [2] | |
Cost | 17,017 | [1] | 15,657 | [2] | |
Total investments | $ 17,003 | [1] | $ 15,341 | [2] | |
Percent of Net Assets | 1.97% | [1] | 2.02% | [2] | |
MRI Software LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 3,199 | [1] | $ 2,303 | ||
Cost | (3) | [1] | (2) | ||
Total investments | $ (3) | [1] | $ (53) | ||
Percent of Net Assets | (0.00%) | [1] | (0.01%) | ||
FS WhiteWater Borrower, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 16,724 | [1] | $ 15,699 | [2] | |
Cost | 16,605 | [1] | 15,565 | [2] | |
Total investments | $ 16,465 | [1] | $ 15,273 | [2] | |
Percent of Net Assets | 1.90% | [1] | 2.01% | [2] | |
FS WhiteWater Borrower, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 1,360 | [1] | $ 2,544 | ||
Cost | (9) | [1] | (8) | ||
Total investments | $ (18) | [1] | $ (40) | ||
Percent of Net Assets | (0.00%) | [1] | (0.01%) | ||
Foreside Financial Group, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 16,339 | [1] | $ 15,868 | [2] | |
Cost | 16,226 | [1] | 15,724 | [2] | |
Total investments | $ 16,339 | [1] | $ 15,709 | [2] | |
Percent of Net Assets | 1.89% | [1] | 2.07% | [2] | |
Foreside Financial Group, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 2,632 | [1] | $ 3,264 | ||
Cost | (12) | [1] | (9) | ||
Total investments | $ 0 | [1] | $ (33) | ||
Percent of Net Assets | 0% | [1] | (0.01%) | ||
Granicus, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 16,195 | [1] | $ 16,316 | [2] | |
Cost | 16,125 | [1] | 16,223 | [2] | |
Total investments | $ 16,195 | [1] | $ 16,315 | [2] | |
Percent of Net Assets | 1.87% | [1] | 2.15% | [2] | |
Pioneer Buyer I, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 15,973 | [1] | $ 14,164 | [2] | |
Cost | 15,879 | [1] | 14,052 | [2] | |
Total investments | $ 15,973 | [1] | $ 13,980 | [2] | |
Percent of Net Assets | 1.85% | [1] | 1.84% | [2] | |
Foundational Education Group, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 15,773 | [1] | $ 15,868 | [2] | |
Cost | 15,715 | [1] | 15,801 | [2] | |
Total investments | $ 15,657 | [1] | $ 14,817 | [2] | |
Percent of Net Assets | 1.81% | [1] | 1.95% | [2] | |
Businessolver.com, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 14,948 | [1] | $ 12,743 | [2] | |
Cost | 14,904 | [1] | 12,689 | [2] | |
Total investments | $ 14,948 | [1] | $ 12,565 | [2] | |
Percent of Net Assets | 1.73% | [1] | 1.66% | [2] | |
Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.) | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 13,015 | |||
Cost | [1] | 12,904 | |||
Total investments | [1] | $ 13,015 | |||
Percent of Net Assets | [1] | 1.50% | |||
OB Hospitalist Group, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 11,794 | [1] | $ 11,879 | [2] | |
Cost | 11,718 | [1] | 11,782 | [2] | |
Total investments | $ 11,493 | [1] | $ 11,504 | [2] | |
Percent of Net Assets | 1.33% | [1] | 1.52% | [2] | |
Daxko Acquisition Corporation | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 11,310 | [1] | $ 11,346 | [2] | |
Cost | 11,229 | [1] | 11,250 | [2] | |
Total investments | $ 11,310 | [1] | $ 11,028 | [2] | |
Percent of Net Assets | 1.31% | [1] | 1.45% | [2] | |
Daxko Acquisition Corporation | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 1,095 | [1] | $ 1,173 | ||
Cost | (7) | [1] | (8) | ||
Total investments | $ 0 | [1] | $ (33) | ||
Percent of Net Assets | 0% | [1] | (0.01%) | ||
Bullhorn, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 10,773 | [1] | $ 11,204 | [2] | |
Cost | 10,736 | [1] | 11,154 | [2] | |
Total investments | $ 10,773 | [1] | $ 11,204 | [2] | |
Percent of Net Assets | 1.25% | [1] | 1.48% | [2] | |
CFS Management, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 11,938 | [1] | $ 12,146 | [2] | |
Cost | 11,924 | [1] | 12,105 | [2] | |
Total investments | $ 10,430 | [1] | $ 11,342 | [2] | |
Percent of Net Assets | 1.21% | [1] | 1.49% | [2] | |
GC Waves Holdings, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 10,133 | [1] | $ 9,662 | [2] | |
Cost | 10,128 | [1] | 9,587 | [2] | |
Total investments | $ 10,133 | [1] | $ 9,545 | [2] | |
Percent of Net Assets | 1.17% | [1] | 1.26% | [2] | |
RXB Holdings, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 9,693 | |||
Cost | [1] | 9,605 | |||
Total investments | [1] | $ 9,681 | |||
Percent of Net Assets | [1] | 1.12% | |||
Infogain Corporation | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 9,589 | [1] | $ 10,032 | [2] | |
Cost | 9,528 | [1] | 9,960 | [2] | |
Total investments | $ 9,589 | [1] | $ 9,844 | [2] | |
Percent of Net Assets | 1.11% | [1] | 1.30% | [2] | |
ACI Group Holdings | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 9,258 | |||
Cost | [1],[6],[7] | 9,195 | |||
Total investments | [1],[6],[7] | $ 9,037 | |||
Percent of Net Assets | [1] | 1.04% | |||
NMC Crimson Holdings, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 8,936 | [1] | $ 7,902 | [2] | |
Cost | 8,857 | [1] | 7,808 | [2] | |
Total investments | $ 8,878 | [1] | $ 7,847 | [2] | |
Percent of Net Assets | 1.03% | [1] | 1.03% | [2] | |
Al Altius US Bidco, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 7,634 | |||
Cost | [1] | 7,591 | |||
Total investments | [1] | $ 7,634 | |||
Percent of Net Assets | [1] | 0.88% | |||
DCA Investment Holding, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 7,396 | [1] | $ 7,857 | [2] | |
Cost | 7,357 | [1] | 7,810 | [2] | |
Total investments | $ 7,175 | [1] | $ 7,704 | [2] | |
Percent of Net Assets | 0.83% | [1] | 1.01% | [2] | |
DCA Investment Holding, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 1,010 | ||||
Cost | 0 | ||||
Total investments | $ (15) | ||||
Percent of Net Assets | (0.00%) | ||||
Power Grid Holdings, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 6,483 | |||
Cost | [1] | 6,417 | |||
Total investments | [1] | $ 6,418 | |||
Percent of Net Assets | [1] | 0.74% | |||
Trinity Air Consultants Holdings Corporation | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 6,280 | [1] | $ 5,899 | [2] | |
Cost | 6,239 | [1] | 5,851 | [2] | |
Total investments | $ 6,280 | [1] | $ 5,851 | [2] | |
Percent of Net Assets | 0.73% | [1] | 0.77% | [2] | |
Trinity Air Consultants Holdings Corporation | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 866 | [1] | $ 1,247 | ||
Cost | (3) | [1] | (4) | ||
Total investments | $ 0 | [1] | $ (10) | ||
Percent of Net Assets | 0% | [1] | (0.00%) | ||
Coyote Buyer, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 6,276 | [1] | $ 6,341 | [2] | |
Cost | 6,260 | [1] | 6,319 | [2] | |
Total investments | $ 6,276 | [1] | $ 6,341 | [2] | |
Percent of Net Assets | 0.73% | [1] | 0.84% | [2] | |
CommerceHub, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[7] | $ 6,053 | |||
Cost | [1],[7] | 5,704 | |||
Total investments | [1],[7] | $ 6,054 | |||
Percent of Net Assets | [1],[7] | 0.70% | |||
CG Group Holdings, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 6,070 | [1] | $ 6,002 | [2] | |
Cost | 6,028 | [1] | 5,950 | [2] | |
Total investments | $ 5,805 | [1] | $ 5,348 | [2] | |
Percent of Net Assets | 0.67% | [1] | 0.70% | [2] | |
KPSKY Acquisition Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 5,591 | [1] | $ 4,979 | [2] | |
Cost | 5,549 | [1] | 4,937 | [2] | |
Total investments | $ 5,481 | [1] | $ 4,761 | [2] | |
Percent of Net Assets | 0.63% | [1] | 0.63% | [2] | |
Beacon Pointe Harmony, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 5,079 | [1] | $ 6,424 | [2] | |
Cost | 5,047 | [1] | 6,367 | [2] | |
Total investments | $ 5,028 | [1] | $ 6,244 | [2] | |
Percent of Net Assets | 0.58% | [1] | 0.82% | [2] | |
Beacon Pointe Harmony, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 724 | [1] | $ 1,979 | ||
Cost | (6) | [1] | (4) | ||
Total investments | $ (7) | [1] | $ (55) | ||
Percent of Net Assets | (0.00%) | [1] | (0.01%) | ||
Safety Borrower Holdings LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 4,737 | [1] | $ 4,534 | [2] | |
Cost | 4,722 | [1] | 4,515 | [2] | |
Total investments | $ 4,737 | [1] | $ 4,459 | [2] | |
Percent of Net Assets | 0.55% | [1] | 0.59% | [2] | |
USRP Holdings, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 4,489 | [1] | $ 4,127 | [2] | |
Cost | 4,475 | [1] | 4,095 | [2] | |
Total investments | $ 4,489 | [1] | $ 3,993 | [2] | |
Percent of Net Assets | 0.52% | [1] | 0.53% | [2] | |
USRP Holdings, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 1,407 | |||
Cost | [1] | (22) | |||
Total investments | [1] | $ 0 | |||
Percent of Net Assets | [1] | 0% | |||
TigerConnect, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 4,414 | [1] | $ 4,262 | [2] | |
Cost | 4,383 | [1] | 4,224 | [2] | |
Total investments | $ 4,377 | [1] | $ 4,159 | [2] | |
Percent of Net Assets | 0.51% | [1] | 0.55% | [2] | |
TigerConnect, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 728 | |||
Cost | [1] | (4) | |||
Total investments | [1] | (6) | |||
Sun Acquirer Corp. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | 4,449 | [1] | $ 4,404 | [2] | |
Cost | 4,416 | [1] | 4,365 | [2] | |
Total investments | $ 4,374 | [1] | $ 4,331 | [2] | |
Percent of Net Assets | 0.51% | [1] | 0.57% | [2] | |
Calabrio, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 4,260 | [1] | $ 4,260 | [2] | |
Cost | 4,242 | [1] | 4,236 | [2] | |
Total investments | $ 4,218 | [1] | $ 4,260 | [2] | |
Percent of Net Assets | 0.49% | [1] | 0.56% | [2] | |
YLG Holdings, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 3,975 | |||
Cost | [1] | 3,953 | |||
Total investments | [1] | $ 3,975 | |||
Percent of Net Assets | [1] | 0.46% | |||
Radwell Parent, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 3,773 | |||
Cost | [1] | 3,724 | |||
Total investments | [1] | $ 3,773 | |||
Percent of Net Assets | [1] | 0.44% | |||
IMO Investor Holdings, Inc., | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 3,117 | [1] | $ 2,944 | [2] | |
Cost | 3,097 | [1] | 2,918 | [2] | |
Total investments | $ 3,092 | [1] | $ 2,915 | [2] | |
Percent of Net Assets | 0.36% | [1] | 0.38% | [2] | |
IMO Investor Holdings, Inc., | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 763 | |||
Cost | [1] | (7) | |||
Total investments | [1] | $ (6) | |||
Percent of Net Assets | [1] | (0.00%) | |||
Specialtycare, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 2,885 | [1] | $ 2,968 | [2] | |
Cost | 2,856 | [1] | 2,932 | [2] | |
Total investments | $ 2,769 | [1] | $ 2,842 | [2] | |
Percent of Net Assets | 0.32% | [1] | 0.37% | [2] | |
More cowbell II LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 2,187 | |||
Cost | [1] | 2,171 | |||
Total investments | [1] | $ 2,170 | |||
Percent of Net Assets | [1] | 0.25% | |||
More cowbell II LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 478 | |||
Cost | [1] | (2) | |||
Total investments | [1] | $ (2) | |||
Percent of Net Assets | [1] | (0.00%) | |||
TMK Hawk Parent, Corp. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 2,625 | |||
Cost | [1] | 2,211 | |||
Total investments | [1] | $ 1,638 | |||
Percent of Net Assets | [1] | 0.19% | |||
KENG Acquisition, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 1,394 | |||
Cost | [1] | 1,379 | |||
Total investments | [1] | $ 1,376 | |||
Percent of Net Assets | [1] | 0.16% | |||
KENG Acquisition, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 1,057 | |||
Cost | [1] | (6) | |||
Total investments | [1] | $ (14) | |||
Percent of Net Assets | [1] | (0.00%) | |||
AWP Group Holdings, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 1,387 | |||
Cost | [1] | 1,375 | |||
Total investments | [1] | $ 1,374 | |||
Percent of Net Assets | [1] | 0.16% | |||
AWP Group Holdings, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 876 | |||
Cost | [1] | (2) | |||
Total investments | [1] | $ (9) | |||
Percent of Net Assets | [1] | (0.00%) | |||
Atlas AU Bidco Pty Ltd | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[8] | $ 3,119 | |||
Cost | [1],[8] | 3,081 | |||
Total investments | [1],[8] | $ 3,111 | |||
Percent of Net Assets | [1],[8] | 0.36% | |||
Pioneer Topco I, L.P. | Funded Debt Securities | Non-controlled/Affiliated | |||||
Schedule of Investments [Line Items] | |||||
Cost | $ 0 | [1] | $ 0 | [2] | |
Total investments | $ 0 | [1] | $ 0 | [2] | |
Percent of Net Assets | 0% | [1] | 0% | [2] | |
Pioneer Topco I, L.P. | Equity Securities | Non-controlled/Non-affiliated | |||||
Schedule of Investments [Line Items] | |||||
Cost | $ 0 | [1],[7],[9] | $ 0 | [2],[10] | |
Total investments | $ 0 | [1],[7],[9] | $ 0 | [2],[10] | |
Percent of Net Assets | 0% | [1],[7],[9] | 0% | [2],[10] | |
Principal Amount, Shares (in shares) | 10 | [1],[7],[9] | 10 | [2],[10] | |
Coupa Holdings, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 2,107 | |||
Cost | [1] | (10) | |||
Total investments | [1] | $ 12 | |||
Percent of Net Assets | [1] | 0% | |||
PetVet Care Centers, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 1,924 | |||
Cost | [1] | (9) | |||
Total investments | [1] | $ 0 | |||
Percent of Net Assets | [1] | 0% | |||
CoreTrust Purchasing Group LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 2,678 | [1] | $ 2,678 | ||
Cost | (17) | [1] | (19) | ||
Total investments | $ 0 | [1] | $ (40) | ||
Percent of Net Assets | 0% | [1] | (0.01%) | ||
Next Holdco, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 807 | |||
Cost | [1] | (2) | |||
Total investments | [1] | $ (2) | |||
Percent of Net Assets | [1] | (0.00%) | |||
Brave Parent Holdings, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 1,293 | |||
Cost | [1] | (2) | |||
Total investments | [1] | $ (2) | |||
Percent of Net Assets | [1] | (0.00%) | |||
Ncontracts, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 1,004 | |||
Cost | [1] | (6) | |||
Total investments | [1] | $ (6) | |||
Percent of Net Assets | [1] | (0.00%) | |||
Enverus Holdings, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 1,904 | |||
Cost | [1] | (9) | |||
Total investments | [1] | $ (9) | |||
Percent of Net Assets | [1] | (0.00%) | |||
Community Brands ParentCo, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 828 | [1] | $ 828 | ||
Cost | (2) | [1] | (2) | ||
Total investments | $ (22) | [1] | $ (27) | ||
Percent of Net Assets | (0.00%) | [1] | (0.00%) | ||
ACI Group Holdings, Inc. | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [2] | $ 8,422 | |||
Cost | [2] | 8,355 | |||
Total investments | [2] | $ 8,139 | |||
Percent of Net Assets | [2] | 1.07% | |||
ACI Group Holdings, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1] | $ 1,642 | |||
Cost | [1] | (7) | |||
Total investments | [1] | $ (39) | |||
Percent of Net Assets | [1] | (0.00%) | |||
IG Investments Holdings, LLC | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [2] | $ 23,871 | |||
Cost | [2] | 23,670 | |||
Total investments | [2] | $ 23,542 | |||
Percent of Net Assets | [2] | 3.10% | |||
Xactly Corporation | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [2] | $ 10,000 | |||
Cost | [2] | 9,896 | |||
Total investments | [2] | $ 10,000 | |||
Percent of Net Assets | [2] | 1.32% | |||
DOCS, MSO, LLC | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 5,122 | ||||
Cost | 0 | ||||
Total investments | $ (141) | ||||
Percent of Net Assets | (0.02%) | ||||
Allworth Financial Group, L.P. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 5,478 | ||||
Cost | (25) | ||||
Total investments | $ (150) | ||||
Percent of Net Assets | (0.02%) | ||||
ACI Group Holdings, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 2,502 | ||||
Cost | (7) | ||||
Total investments | $ (85) | ||||
Percent of Net Assets | (0.01%) | ||||
Kaseya Inc | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 1,790 | ||||
Cost | (6) | ||||
Total investments | $ (26) | ||||
Percent of Net Assets | (0.00%) | ||||
Trident Bidco Limited | Funded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [2] | $ 12,574 | |||
Cost | [2] | 12,458 | |||
Total investments | [2] | $ 12,303 | |||
Percent of Net Assets | [2] | 1.63% | |||
TigerConnect, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 738 | ||||
Cost | (5) | ||||
Total investments | $ (17) | ||||
Percent of Net Assets | (0.00%) | ||||
iCIMS, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 7,086 | ||||
Cost | (15) | ||||
Total investments | $ (16) | ||||
Percent of Net Assets | (0.00%) | ||||
SpecialtyCare, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 385 | ||||
Cost | (2) | ||||
Total investments | $ (16) | ||||
Percent of Net Assets | (0.00%) | ||||
Wealth Enhancement Group, LLC (fka TA/WEG Holdings, LLC) | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 1,936 | ||||
Cost | (1) | ||||
Total investments | $ (12) | ||||
Percent of Net Assets | (0.00%) | ||||
Sun Acquirer Corp. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 461 | ||||
Cost | (3) | ||||
Total investments | $ (8) | ||||
Percent of Net Assets | (0.00%) | ||||
IMO Investor Holdings, Inc. | Unfunded Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 965 | ||||
Cost | (3) | ||||
Total investments | $ (10) | ||||
Percent of Net Assets | (0.00%) | ||||
Investment, Identifier [Axis]: AAH Topco, LLC - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 3,099 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: AAH Topco, LLC - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,413 | |||
Cost | [1],[6],[7] | (9) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: AAH Topco, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11] | 9.89% | [2],[10],[12],[13] | |
Principal amount | $ 11,748 | [1],[7] | $ 11,755 | [2],[10],[12] | |
Cost | 11,674 | [1],[7] | 11,655 | [2],[10],[12] | |
Total investments | $ 11,749 | [1],[7] | $ 11,609 | [2],[10],[12] | |
Investment, Identifier [Axis]: AAH Topco, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.50% | [2],[10],[13],[15] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11],[14] | 9.82% | [2],[10],[13],[15] | |
Principal amount | $ 11,636 | [1],[7],[14] | $ 6,322 | [2],[10],[15] | |
Cost | 11,552 | [1],[7],[14] | 6,269 | [2],[10],[15] | |
Total investments | $ 11,636 | [1],[7],[14] | 6,243 | [2],[10],[15] | |
Investment, Identifier [Axis]: AAH Topco, LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,413 | |||
Cost | [10],[15] | (12) | |||
Total investments | [10],[15] | (18) | |||
Investment, Identifier [Axis]: AAH Topco, LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 6,672 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | (83) | |||
Investment, Identifier [Axis]: ACI Group Holdings, First Lien - Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 10.96% | |||
Principal amount | [1],[6],[7] | $ 467 | |||
Cost | [1],[6],[7] | 458 | |||
Total investments | [1],[6],[7] | $ 456 | |||
Investment, Identifier [Axis]: ACI Group Holdings, First Lien - Drawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 10.96% | |||
Principal amount | [1],[6],[7] | $ 118 | |||
Cost | [1],[6],[7] | 120 | |||
Total investments | [1],[6],[7] | $ 115 | |||
Investment, Identifier [Axis]: ACI Group Holdings, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 10.96% | |||
Principal amount | [1],[7] | $ 1,306 | |||
Cost | [1],[7] | 1,302 | |||
Total investments | [1],[7] | 1,275 | |||
Investment, Identifier [Axis]: ACI Group Holdings, Inc. - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 669 | |||
Cost | [1],[6],[7] | (7) | |||
Total investments | [1],[6],[7] | $ (16) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: ACI Group Holdings, Inc. - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 973 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ (23) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: ACI Group Holdings, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.96% | |||
Principal amount | [1],[7],[14] | $ 7,367 | |||
Cost | [1],[7],[14] | 7,315 | |||
Total investments | [1],[7],[14] | 7,191 | |||
Investment, Identifier [Axis]: ACI Group Holdings, Inc., First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 701 | |||
Cost | [10],[15] | (7) | |||
Total investments | [10],[15] | (24) | |||
Investment, Identifier [Axis]: ACI Group Holdings, Inc., First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,801 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (61) | |||
Investment, Identifier [Axis]: ACI Group Holdings, Inc.. First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13],[16] | 4.50% | |||
PIK | [2],[10],[12],[13],[16] | 1.25% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13],[16] | 10.13% | |||
Principal amount | [2],[10],[12],[16] | $ 7,385 | |||
Cost | [2],[10],[12],[16] | 7,325 | |||
Total investments | [2],[10],[12],[16] | $ 7,137 | |||
Investment, Identifier [Axis]: ACI Group Holdings, Inc.. First Lien Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 4.50% | |||
PIK | [2],[10],[13],[15] | 1.25% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.13% | |||
Principal amount | [2],[10],[15] | $ 950 | |||
Cost | [2],[10],[15] | 942 | |||
Total investments | [2],[10],[15] | $ 918 | |||
Investment, Identifier [Axis]: ACI Group Holdings, Inc.. First Lien Drawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5.50% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 9.88% | |||
Principal amount | [2],[10],[15] | $ 87 | |||
Cost | [2],[10],[15] | 88 | |||
Total investments | [2],[10],[15] | $ 84 | |||
Investment, Identifier [Axis]: AWP Group Holdings, Inc. - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 209 | |||
Cost | [1],[6],[7] | (2) | |||
Total investments | [1],[6],[7] | $ (2) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: AWP Group Holdings, Inc. - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 667 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ (7) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: AWP Group Holdings, Inc. First Lien - Drawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 10.95% | |||
Principal amount | [1],[6],[7] | $ 33 | |||
Cost | [1],[6],[7] | 33 | |||
Total investments | [1],[6],[7] | $ 33 | |||
Investment, Identifier [Axis]: AWP Group Holdings, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.95% | |||
Principal amount | [1],[7],[14] | $ 1,297 | |||
Cost | [1],[7],[14] | 1,285 | |||
Total investments | [1],[7],[14] | $ 1,284 | |||
Investment, Identifier [Axis]: AWP Group Holdings, Inc., First Lien - Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 10.95% | |||
Principal amount | [1],[6],[7] | $ 57 | |||
Cost | [1],[6],[7] | 57 | |||
Total investments | [1],[6],[7] | 57 | |||
Investment, Identifier [Axis]: Affinipay Midco, LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 10.64% | |||
Principal amount | 273 | [1],[6],[7] | $ 4,086 | [2],[10],[12] | |
Cost | (2) | [1],[6],[7] | 4,048 | [2],[10],[12] | |
Total investments | $ 0 | [1],[6],[7] | $ 4,046 | [2],[10],[12] | |
Percent of Net Assets | 0% | [1],[6],[7] | 0.53% | [2],[10],[12] | |
Investment, Identifier [Axis]: Affinipay Midco, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.88% | |||
Principal amount | [1],[7],[14] | $ 17,858 | |||
Cost | [1],[7],[14] | 17,858 | |||
Total investments | [1],[7],[14] | $ 17,858 | |||
Investment, Identifier [Axis]: Affinipay Midco, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.86% | |||
Principal amount | [1],[7],[14] | $ 7,219 | |||
Cost | [1],[7],[14] | 7,186 | |||
Total investments | [1],[7],[14] | $ 7,219 | |||
Investment, Identifier [Axis]: Affinipay Midco, LLC, First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.88% | |||
Principal amount | [1],[7],[14] | $ 2,735 | |||
Cost | [1],[7],[14] | 2,735 | |||
Total investments | [1],[7],[14] | $ 2,735 | |||
Investment, Identifier [Axis]: Affinipay Midco, LLC, First Lien 4 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.88% | |||
Principal amount | [1],[7],[14] | $ 1,785 | |||
Cost | [1],[7],[14] | 1,785 | |||
Total investments | [1],[7],[14] | $ 1,785 | |||
Investment, Identifier [Axis]: Affinipay Midco, LLC, First Lien 5 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 10.88% | |||
Principal amount | [1],[7] | $ 1,023 | |||
Cost | [1],[7] | 1,013 | |||
Total investments | [1],[7] | $ 1,023 | |||
Investment, Identifier [Axis]: Affinipay Midco, LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 273 | |||
Cost | [10],[15] | (2) | |||
Total investments | [10],[15] | (3) | |||
Investment, Identifier [Axis]: Affinipay Midco, LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 574 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (6) | |||
Investment, Identifier [Axis]: Al Altius US Bidco, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.08% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.43% | |||
Principal amount | [1],[7],[14] | $ 2,876 | |||
Cost | [1],[7],[14] | 2,862 | |||
Total investments | [1],[7],[14] | $ 2,876 | |||
Investment, Identifier [Axis]: Al Altius US Bidco, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.08% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.43% | |||
Principal amount | [1],[7],[14] | $ 2,599 | |||
Cost | [1],[7],[14] | 2,586 | |||
Total investments | [1],[7],[14] | $ 2,599 | |||
Investment, Identifier [Axis]: Al Altius US Bidco, Inc., First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.08% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.43% | |||
Principal amount | [1],[7],[14] | $ 1,025 | |||
Cost | [1],[7],[14] | 1,020 | |||
Total investments | [1],[7],[14] | $ 1,025 | |||
Investment, Identifier [Axis]: Al Altius US Bidco, Inc., First Lien 4 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.08% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 10.43% | |||
Principal amount | [1],[7] | $ 1,134 | |||
Cost | [1],[7] | 1,123 | |||
Total investments | [1],[7] | 1,134 | |||
Investment, Identifier [Axis]: Allworth Financial Group, L.P. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 3,507 | |||
Cost | [1],[6],[7] | (18) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Allworth Financial Group, L.P., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 4.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11],[14] | 9.17% | [2],[10],[12],[13] | |
Principal amount | $ 17,567 | [1],[7],[14] | $ 17,749 | [2],[10],[12] | |
Cost | 17,468 | [1],[7],[14] | 17,620 | [2],[10],[12] | |
Total investments | $ 17,567 | [1],[14] | $ 17,260 | [2],[10],[12] | |
Investment, Identifier [Axis]: Allworth Financial Group, L.P., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11] | 4.75% | [2],[10],[13] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11] | 9.17% | [2],[10],[13] | |
Principal amount | $ 5,318 | [1],[7] | $ 5,372 | [2],[10] | |
Cost | 5,286 | [1],[7] | 5,331 | [2],[10] | |
Total investments | $ 5,318 | [1],[7] | $ 5,224 | [2],[10] | |
Investment, Identifier [Axis]: Allworth Financial Group, L.P., First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 10.96% | |||
Principal amount | [1],[7] | $ 2,589 | |||
Cost | [1],[7] | 2,573 | |||
Total investments | [1],[7] | $ 2,589 | |||
Investment, Identifier [Axis]: Allworth Financial Group, L.P., First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 4.75% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 9.17% | |||
Principal amount | [2],[10],[15] | $ 637 | |||
Cost | [2],[10],[15] | 631 | |||
Total investments | [2],[10],[15] | 619 | |||
Investment, Identifier [Axis]: Allworth Financial Group, L.P., First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,971 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | (54) | |||
Investment, Identifier [Axis]: Allworth Financial Group, L.P., First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 3,507 | |||
Cost | [10],[15] | (25) | |||
Total investments | [10],[15] | $ (96) | |||
Investment, Identifier [Axis]: Anaplan, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 6.50% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 10.82% | |||
Principal amount | [2],[10],[12] | $ 22,941 | |||
Cost | [2],[10],[12] | 22,725 | |||
Total investments | [2],[10],[12] | $ 22,712 | |||
Percent of Net Assets | [2],[10],[12] | 2.99% | |||
Investment, Identifier [Axis]: Anaplan, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 6.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.85% | |||
Principal amount | [1],[7],[14] | $ 22,941 | |||
Cost | [1],[7],[14] | 22,749 | |||
Total investments | [1],[7],[14] | $ 22,941 | |||
Percent of Net Assets | [1],[7],[14] | 2.65% | |||
Investment, Identifier [Axis]: Appriss Health, LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 7.25% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 11.54% | |||
Principal amount | $ 271 | [1],[6],[7] | $ 4,052 | [2],[10] | |
Cost | (2) | [1],[6],[7] | 4,021 | [2],[10] | |
Total investments | $ 0 | [1],[6],[7] | $ 4,052 | [2],[10] | |
Percent of Net Assets | 0% | [1],[6],[7] | 0.53% | [2],[10] | |
Investment, Identifier [Axis]: Appriss Health, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 6.75% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 12.32% | |||
Principal amount | [1],[7] | $ 4,022 | |||
Cost | [1],[7] | 3,997 | |||
Total investments | [1],[7] | $ 4,022 | |||
Percent of Net Assets | [1],[7] | 0.46% | |||
Investment, Identifier [Axis]: Appriss Health, LLC, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 271 | |||
Cost | [10],[15] | (2) | |||
Total investments | [10],[15] | $ 0 | |||
Percent of Net Assets | [10],[15] | 0% | |||
Investment, Identifier [Axis]: Apptio, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 6% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 9.94% | |||
Principal amount | [2],[10] | $ 25,000 | |||
Cost | [2],[10] | 24,337 | |||
Total investments | [2],[10] | $ 25,000 | |||
Percent of Net Assets | [2],[10] | 3.30% | |||
Investment, Identifier [Axis]: Aretec Group, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 4.50% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 9.96% | |||
Principal amount | [1],[14] | $ 5,449 | |||
Cost | [1],[14] | 5,286 | |||
Total investments | [1],[14] | $ 5,454 | |||
Percent of Net Assets | [1],[14] | 0.63% | |||
Investment, Identifier [Axis]: Associations, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | $ 955 | [1],[6],[7] | $ 1,476 | [2],[10],[15] | |
Cost | (5) | [1],[6],[7] | (6) | [2],[10],[15] | |
Total investments | $ 0 | [1],[6],[7] | $ 0 | [2],[10],[15] | |
Percent of Net Assets | 0% | [1],[6],[7] | 0% | [2],[10],[15] | |
Investment, Identifier [Axis]: Associations, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 12.14% | |||
Principal amount | [1],[6],[7] | $ 522 | |||
Cost | [1],[6],[7] | 522 | |||
Total investments | [1],[6],[7] | $ 522 | |||
Investment, Identifier [Axis]: Associations, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 4% | [1],[7],[11],[14] | 4% | [2],[10],[12],[13] | |
PIK | 2.50% | [1],[7],[11],[14] | 2.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 12.17% | [1],[7],[11],[14] | 10.36% | [2],[10],[12],[13] | |
Principal amount | $ 15,303 | [1],[7],[14] | $ 14,921 | [2],[10],[12] | |
Cost | 15,260 | [1],[7],[14] | 14,868 | [2],[10],[12] | |
Total investments | $ 15,303 | [1],[7],[14] | $ 14,921 | [2],[10],[12] | |
Investment, Identifier [Axis]: Associations, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 4% | |||
PIK | [1],[7],[11] | 2.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 12.13% | |||
Principal amount | [1],[7] | $ 3,765 | |||
Cost | [1],[7] | 3,754 | |||
Total investments | [1],[7] | $ 3,765 | |||
Investment, Identifier [Axis]: Associations, Inc., First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 4% | |||
PIK | [1],[7],[11] | 2.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 12.15% | |||
Principal amount | [1],[7] | $ 3,765 | |||
Cost | [1],[7] | 3,753 | |||
Total investments | [1],[7] | $ 3,765 | |||
Investment, Identifier [Axis]: Associations, Inc., First Lien 4 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 4% | [1],[7],[11] | 4% | [2],[10],[13] | |
PIK | 2.50% | [1],[7],[11] | 2.50% | [2],[10],[13] | |
Total Coupon/Interest Rate | 12.13% | [1],[7],[11] | 10.97% | [2],[10],[13] | |
Principal amount | $ 2,274 | [1],[7] | $ 2,217 | [2],[10] | |
Cost | 2,267 | [1],[7] | 2,209 | [2],[10] | |
Total investments | $ 2,274 | [1],[7] | $ 2,217 | [2],[10] | |
Investment, Identifier [Axis]: Associations, Inc., First Lien 5 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 4% | |||
PIK | [1],[7],[11] | 2.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 12.17% | |||
Principal amount | [1],[7] | $ 1,809 | |||
Cost | [1],[7] | 1,803 | |||
Total investments | [1],[7] | $ 1,809 | |||
Investment, Identifier [Axis]: Associations, Inc., First Lien 6 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 4% | |||
PIK | [1],[7],[11],[14] | 2.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 12.16% | |||
Principal amount | [1],[7],[14] | $ 1,549 | |||
Cost | [1],[7],[14] | 1,542 | |||
Total investments | [1],[7],[14] | 1,549 | |||
Investment, Identifier [Axis]: Associations, Inc.. First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 4% | |||
PIK | [2],[10],[13] | 2.50% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 11.28% | |||
Principal amount | [2],[10] | $ 3,671 | |||
Cost | [2],[10] | 3,657 | |||
Total investments | [2],[10] | $ 3,671 | |||
Investment, Identifier [Axis]: Associations, Inc.. First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 4% | |||
PIK | [2],[10],[13] | 2.50% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 11.26% | |||
Principal amount | [2],[10] | $ 3,671 | |||
Cost | [2],[10] | 3,657 | |||
Total investments | [2],[10] | $ 3,671 | |||
Investment, Identifier [Axis]: Associations, Inc.. First Lien 5 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 4% | |||
PIK | [2],[10],[13] | 2.50% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 10.48% | |||
Principal amount | [2],[10] | $ 1,764 | |||
Cost | [2],[10] | 1,757 | |||
Total investments | [2],[10] | $ 1,764 | |||
Investment, Identifier [Axis]: Atlas AU Bidco Pty Ltd | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7],[8] | 208 | |||
Cost | [1],[6],[7],[8] | (3) | |||
Total investments | [1],[6],[7],[8] | $ 0 | |||
Percent of Net Assets | [1],[6],[7],[8] | 0% | |||
Investment, Identifier [Axis]: Atlas AU Bidco Pty Ltd | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[3],[13] | 7.25% | |||
Total Coupon/Interest Rate | [2],[3],[13] | 11.48% | |||
Principal amount | [2],[3] | $ 2,245 | |||
Cost | [2],[3] | 2,211 | |||
Total investments | [2],[3] | $ 2,211 | |||
Percent of Net Assets | [2],[3] | 0.29% | |||
Investment, Identifier [Axis]: Atlas AU Bidco Pty Ltd, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[8],[11] | 7.25% | |||
Total Coupon/Interest Rate | [1],[7],[8],[11] | 12.61% | |||
Principal amount | [1],[7],[8] | $ 2,245 | |||
Cost | [1],[7],[8] | 2,215 | |||
Total investments | [1],[7],[8] | $ 2,245 | |||
Investment, Identifier [Axis]: Atlas AU Bidco Pty Ltd, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[8],[11] | 6.75% | |||
Total Coupon/Interest Rate | [1],[8],[11] | 12.11% | |||
Principal amount | [1],[8] | $ 874 | |||
Cost | [1],[8] | 866 | |||
Total investments | [1],[8] | $ 866 | |||
Investment, Identifier [Axis]: Atlas AU Bidco Pty Ltd, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [15] | $ 208 | |||
Cost | [15] | (3) | |||
Total investments | [15] | $ (3) | |||
Percent of Net Assets | [15] | (0.00%) | |||
Investment, Identifier [Axis]: Auctane Inc. (fka Stamps.com Inc.), First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11],[14] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.23% | [1],[7],[11],[14] | 10.13% | [2],[10],[12],[13] | |
Principal amount | $ 11,516 | [1],[7],[14] | $ 11,633 | [2],[10],[12] | |
Cost | 11,430 | [1],[7],[14] | 11,533 | [2],[10],[12] | |
Total investments | $ 11,319 | [1],[7],[14] | $ 11,435 | [2],[10],[12] | |
Investment, Identifier [Axis]: Auctane Inc. (fka Stamps.com Inc.), First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11],[14] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.23% | [1],[7],[11],[14] | 10.13% | [2],[10],[12],[13] | |
Principal amount | $ 7,238 | [1],[7],[14] | $ 7,311 | [2],[10],[12] | |
Cost | 7,183 | [1],[7],[14] | 7,247 | [2],[10],[12] | |
Total investments | 7,114 | [1],[7],[14] | $ 7,187 | [2],[10],[12] | |
Investment, Identifier [Axis]: Avalara, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 7.25% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 11.83% | |||
Principal amount | 2,001 | [1],[6],[7] | $ 20,012 | [2],[10] | |
Cost | (20) | [1],[6],[7] | 19,768 | [2],[10] | |
Total investments | $ 0 | [1],[6],[7] | $ 19,840 | [2],[10] | |
Percent of Net Assets | 0% | [1],[6],[7] | 2.61% | [2],[10] | |
Investment, Identifier [Axis]: Avalara, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11] | 7.25% | |||
Total Coupon/Interest Rate | [1],[11] | 12.60% | |||
Principal amount | [1] | $ 20,012 | |||
Cost | [1] | 19,799 | |||
Total investments | [1] | $ 20,012 | |||
Percent of Net Assets | [1] | 2.31% | |||
Investment, Identifier [Axis]: Avalara, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 2,001 | |||
Cost | [10],[15] | (24) | |||
Total investments | [10],[15] | $ (17) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Barracuda Parent, LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[12],[13] | 4.50% | |||
Total Coupon/Interest Rate | [2],[12],[13] | 8.59% | |||
Principal amount | [2],[12] | $ 3,000 | |||
Cost | [2],[12] | 2,957 | |||
Total investments | [2],[12] | $ 2,893 | |||
Percent of Net Assets | [2],[12] | 0.38% | |||
Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 376 | |||
Cost | [1],[6],[7] | (3) | |||
Total investments | [1],[6],[7] | $ (4) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 348 | |||
Cost | [1],[6],[7] | (3) | |||
Total investments | [1],[6],[7] | $ (3) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.38% | |||
Principal amount | [2],[10],[12] | $ 5,173 | |||
Cost | [2],[10],[12] | 5,127 | |||
Total investments | [2],[10],[12] | $ 5,028 | |||
Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 10.86% | |||
Principal amount | [1],[6],[7] | $ 113 | |||
Cost | [1],[6],[7] | 116 | |||
Total investments | [1],[6],[7] | $ 112 | |||
Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.86% | |||
Principal amount | [1],[7],[14] | $ 3,567 | |||
Cost | [1],[7],[14] | 3,540 | |||
Total investments | [1],[7],[14] | $ 3,531 | |||
Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 10.86% | |||
Principal amount | [1],[7] | $ 1,399 | |||
Cost | [1],[7] | 1,391 | |||
Total investments | [1],[7] | 1,385 | |||
Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC, First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 9.44% | |||
Principal amount | [2],[10],[15] | $ 1,251 | |||
Cost | [2],[10],[15] | 1,240 | |||
Total investments | [2],[10],[15] | 1,216 | |||
Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 539 | |||
Cost | [10],[15] | (4) | |||
Total investments | [10],[15] | (15) | |||
Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,440 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (40) | |||
Investment, Identifier [Axis]: Bluefin Holding, LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 7.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 12.48% | |||
Principal amount | 407 | [1],[6],[7] | $ 2,500 | [2],[10],[12] | |
Cost | (5) | [1],[6],[7] | 2,403 | [2],[10],[12] | |
Total investments | $ (5) | [1],[6],[7] | $ 2,408 | [2],[10],[12] | |
Percent of Net Assets | (0.00%) | [1],[6],[7] | 0.32% | [2],[10],[12] | |
Investment, Identifier [Axis]: Bluefin Holding, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 7.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 12.72% | |||
Principal amount | [1],[7],[14] | $ 4,128 | |||
Cost | [1],[7],[14] | 4,078 | |||
Total investments | [1],[7],[14] | $ 4,076 | |||
Percent of Net Assets | [1],[7],[14] | 0.47% | |||
Investment, Identifier [Axis]: Bottomline Technologies, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.50% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.82% | |||
Principal amount | [2],[10],[12] | $ 10,102 | |||
Cost | [2],[10],[12] | 10,008 | |||
Total investments | [2],[10],[12] | $ 10,002 | |||
Percent of Net Assets | [2],[10],[12] | 1.32% | |||
Investment, Identifier [Axis]: Bottomline Technologies, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 844 | |||
Cost | [10],[15] | (8) | |||
Total investments | [10],[15] | $ (8) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Brave Parent Holdings, Inc. - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 862 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | 0 | |||
Investment, Identifier [Axis]: Brave Parent Holdings, Inc. - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 431 | |||
Cost | [1],[6],[7] | (2) | |||
Total investments | [1],[6],[7] | $ (2) | |||
Investment, Identifier [Axis]: Brave Parent Holdings, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.36% | |||
Principal amount | [1],[7],[14] | $ 7,584 | |||
Cost | [1],[7],[14] | 7,546 | |||
Total investments | [1],[7],[14] | $ 7,546 | |||
Percent of Net Assets | [1],[7],[14] | 0.87% | |||
Investment, Identifier [Axis]: Bullhorn, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 693 | |||
Cost | [1],[6],[7] | (2) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Bullhorn, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.48% | |||
Principal amount | [2],[10],[15] | $ 319 | |||
Cost | [2],[10],[15] | 318 | |||
Total investments | [2],[10],[15] | $ 319 | |||
Investment, Identifier [Axis]: Bullhorn, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11],[14] | 10.48% | [2],[10],[12],[13] | |
Principal amount | $ 9,555 | [1],[7],[14] | $ 9,654 | [2],[10],[12] | |
Cost | 9,519 | [1],[7],[14] | 9,607 | [2],[10],[12] | |
Total investments | $ 9,555 | [1],[7],[14] | $ 9,654 | [2],[10],[12] | |
Investment, Identifier [Axis]: Bullhorn, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11] | 5.75% | [2],[10],[13] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11] | 10.48% | [2],[10],[13] | |
Principal amount | $ 1,218 | [1],[7] | $ 1,231 | [2],[10] | |
Cost | 1,217 | [1],[7] | 1,229 | [2],[10] | |
Total investments | 1,218 | [1],[7] | 1,231 | [2],[10] | |
Investment, Identifier [Axis]: Bullhorn, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 374 | |||
Cost | [10],[15] | (3) | |||
Total investments | [10],[15] | $ 0 | |||
Percent of Net Assets | [10],[15] | 0% | |||
Investment, Identifier [Axis]: Businessolver.com, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 1,886 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Businessolver.com, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11],[14] | 9.67% | [2],[10],[12],[13] | |
Principal amount | $ 14,599 | [1],[7],[14] | $ 12,454 | [2],[10],[12] | |
Cost | 14,555 | [1],[7],[14] | 12,401 | [2],[10],[12] | |
Total investments | $ 14,599 | [1],[7],[14] | $ 12,280 | [2],[10],[12] | |
Investment, Identifier [Axis]: Businessolver.com, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[6],[7],[11] | 5.50% | [2],[10],[13],[15] | |
Total Coupon/Interest Rate | 10.96% | [1],[6],[7],[11] | 9.88% | [2],[10],[13],[15] | |
Principal amount | $ 349 | [1],[6],[7] | $ 289 | [2],[10],[15] | |
Cost | 349 | [1],[6],[7] | 288 | [2],[10],[15] | |
Total investments | $ 349 | [1],[6],[7] | 285 | [2],[10],[15] | |
Investment, Identifier [Axis]: Businessolver.com, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 3,089 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (43) | |||
Percent of Net Assets | [10],[15] | (0.01%) | |||
Investment, Identifier [Axis]: CCBlue Bidco, Inc. First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Total Coupon/Interest Rate | [1],[7],[11] | 11.70% | |||
Principal amount | [1],[7] | $ 1,110 | |||
Cost | [1],[7] | 1,108 | |||
Total investments | [1],[7] | $ 1,054 | |||
Investment, Identifier [Axis]: CCBlue Bidco, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13],[16] | 3.50% | |||
PIK | [2],[10],[12],[13],[16] | 2.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13],[16] | 10.98% | |||
Principal amount | [2],[10],[12],[16] | $ 20,979 | |||
Cost | [2],[10],[12],[16] | 20,800 | |||
Total investments | [2],[10],[12],[16] | $ 20,559 | |||
Investment, Identifier [Axis]: CCBlue Bidco, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 3.50% | |||
PIK | [1],[7],[11],[14] | 2.75% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.70% | |||
Principal amount | [1],[7],[14] | $ 21,361 | |||
Cost | [1],[7],[14] | 21,208 | |||
Total investments | [1],[7],[14] | $ 20,271 | |||
Investment, Identifier [Axis]: CCBlue Bidco, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 3.50% | |||
PIK | [1],[7],[11] | 2.75% | |||
Investment, Identifier [Axis]: CCBlue Bidco, Inc., First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15],[16] | 3.50% | |||
PIK | [2],[10],[13],[15],[16] | 2.75% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15],[16] | 10.98% | |||
Principal amount | [2],[10],[15],[16] | $ 1,090 | |||
Cost | [2],[10],[15],[16] | 1,081 | |||
Total investments | [2],[10],[15],[16] | 1,069 | |||
Investment, Identifier [Axis]: CCBlue Bidco, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 2,974 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (59) | |||
Percent of Net Assets | [10],[15] | (0.01%) | |||
Investment, Identifier [Axis]: CFS Management, LLC First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Total Coupon/Interest Rate | [1],[7],[11] | 12.61% | |||
Principal amount | [1],[7] | $ 3,300 | |||
Cost | [1],[7] | 3,296 | |||
Total investments | [1],[7] | $ 2,883 | |||
Investment, Identifier [Axis]: CFS Management, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6.25% | [1],[7],[11],[14] | 6.25% | [2],[10],[12],[13],[16] | |
PIK | 0.75% | [1],[7],[11],[14] | 0.75% | [2],[10],[12],[13],[16] | |
Total Coupon/Interest Rate | 12.61% | [1],[7],[11],[14] | 11.84% | [2],[10],[12],[13],[16] | |
Principal amount | $ 8,638 | [1],[7],[14] | $ 8,796 | [2],[10],[12],[16] | |
Cost | 8,628 | [1],[7],[14] | 8,766 | [2],[10],[12],[16] | |
Total investments | $ 7,547 | [1],[7],[14] | $ 8,214 | [2],[10],[12],[16] | |
Investment, Identifier [Axis]: CFS Management, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6.25% | [1],[7],[11] | 6.25% | [2],[10],[13],[16] | |
PIK | 0.75% | [1],[7],[11] | 0.75% | [2],[10],[13],[16] | |
Total Coupon/Interest Rate | [2],[10],[13],[16] | 11.84% | |||
Principal amount | [2],[10],[16] | $ 3,350 | |||
Cost | [2],[10],[16] | 3,339 | |||
Total investments | [2],[10],[16] | $ 3,128 | |||
Investment, Identifier [Axis]: CG Group Holdings, LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 147 | |||
Cost | [1],[6],[7] | (2) | |||
Total investments | [1],[6],[7] | $ (6) | |||
Percent of Net Assets | [1],[6],[7] | (0.00%) | |||
Investment, Identifier [Axis]: CG Group Holdings, LLC First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 6.75% | |||
PIK | [1],[7],[11],[14] | 2% | |||
Investment, Identifier [Axis]: CG Group Holdings, LLC First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6.75% | |||
PIK | [1],[6],[7],[11] | 2% | |||
Investment, Identifier [Axis]: CG Group Holdings, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13],[16] | 5.25% | |||
PIK | [2],[10],[12],[13],[16] | 2% | |||
Total Coupon/Interest Rate | 14.10% | [1],[7],[11],[14] | 11.98% | [2],[10],[12],[13],[16] | |
Principal amount | $ 5,462 | [1],[7],[14] | $ 5,406 | [2],[10],[12],[16] | |
Cost | 5,423 | [1],[7],[14] | 5,359 | [2],[10],[12],[16] | |
Total investments | $ 5,224 | [1],[7],[14] | $ 4,817 | [2],[10],[12],[16] | |
Investment, Identifier [Axis]: CG Group Holdings, LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 14.11% | |||
Principal amount | [1],[6],[7] | $ 608 | |||
Cost | [1],[6],[7] | 605 | |||
Total investments | [1],[6],[7] | 581 | |||
Investment, Identifier [Axis]: CG Group Holdings, LLC, First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15],[16] | 5.25% | |||
PIK | [2],[10],[13],[15],[16] | 2% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15],[16] | 11.63% | |||
Principal amount | [2],[10],[15],[16] | $ 596 | |||
Cost | [2],[10],[15],[16] | 591 | |||
Total investments | [2],[10],[15],[16] | 531 | |||
Investment, Identifier [Axis]: CG Group Holdings, LLC, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 147 | |||
Cost | [10],[15] | (2) | |||
Total investments | [10],[15] | $ (16) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Calabrio, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6] | 206 | |||
Cost | [1],[6] | (2) | |||
Total investments | [1],[6] | $ (2) | |||
Percent of Net Assets | [1],[6] | (0.00%) | |||
Investment, Identifier [Axis]: Calabrio, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | 7.13% | [1],[11] | 7% | [2],[10],[13] | |
Total Coupon/Interest Rate | 12.48% | [1],[11] | 11.73% | [2],[10],[13] | |
Principal amount | $ 3,986 | [1] | $ 3,986 | [2],[10] | |
Cost | 3,968 | [1] | 3,963 | [2],[10] | |
Total investments | $ 3,946 | [1] | $ 3,986 | [2],[10] | |
Investment, Identifier [Axis]: Calabrio, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[11] | 7.13% | |||
Total Coupon/Interest Rate | [1],[6],[11] | 12.48% | |||
Principal amount | [1],[6] | $ 274 | |||
Cost | [1],[6] | 274 | |||
Total investments | [1] | $ 272 | |||
Investment, Identifier [Axis]: Calabrio, Inc., First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 7% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 11.75% | |||
Principal amount | [2],[10],[15] | $ 274 | |||
Cost | [2],[10],[15] | 273 | |||
Total investments | [2],[10],[15] | 274 | |||
Investment, Identifier [Axis]: Calabrio, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 206 | |||
Cost | [10],[15] | (2) | |||
Total investments | [10],[15] | $ 0 | |||
Percent of Net Assets | [10],[15] | 0% | |||
Investment, Identifier [Axis]: CentralSquare Technologies, LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[12],[13] | 3.75% | |||
Total Coupon/Interest Rate | [2],[12],[13] | 8.48% | |||
Principal amount | [2],[12] | $ 13,373 | |||
Cost | [2],[12] | 12,092 | |||
Total investments | [2],[12] | $ 11,597 | |||
Percent of Net Assets | [2],[12] | 1.53% | |||
Investment, Identifier [Axis]: CentralSquare Technologies, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 3.75% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 9.25% | |||
Principal amount | [1],[14] | $ 13,233 | |||
Cost | [1],[14] | 12,397 | |||
Total investments | [1],[14] | $ 12,832 | |||
Percent of Net Assets | [1],[14] | 1.48% | |||
Investment, Identifier [Axis]: Cloudera, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[13] | 6% | |||
Total Coupon/Interest Rate | [2],[13] | 10.38% | |||
Principal amount | [2] | $ 2,500 | |||
Cost | [2] | 2,069 | |||
Total investments | [2] | $ 2,097 | |||
Percent of Net Assets | [2] | 0.28% | |||
Investment, Identifier [Axis]: Cloudera, Inc., Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11] | 6% | |||
Total Coupon/Interest Rate | [1],[11] | 11.46% | |||
Principal amount | [1] | $ 2,500 | |||
Cost | [1] | 2,110 | |||
Total investments | [1] | $ 2,408 | |||
Percent of Net Assets | [1] | 0.28% | |||
Investment, Identifier [Axis]: CommerceHub, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 6.25% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 11.79% | |||
Investment, Identifier [Axis]: Community Brands ParentCo, LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 10.17% | |||
Principal amount | [2],[10],[12] | $ 4,656 | |||
Cost | [2],[10],[12] | 4,615 | |||
Total investments | [2],[10],[12] | $ 4,503 | |||
Percent of Net Assets | [2],[10],[12] | 0.59% | |||
Investment, Identifier [Axis]: Community Brands ParentCo, LLC - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 276 | |||
Cost | [1],[6],[7] | (2) | |||
Total investments | [1],[6],[7] | $ (7) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Community Brands ParentCo, LLC - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 552 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ (15) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.96% | |||
Principal amount | [1],[7],[14] | $ 4,609 | |||
Cost | [1],[7],[14] | 4,575 | |||
Total investments | [1],[7],[14] | $ 4,485 | |||
Percent of Net Assets | [1] | 0.52% | |||
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 276 | |||
Cost | [10],[15] | (2) | |||
Total investments | [10],[15] | (9) | |||
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 552 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (18) | |||
Investment, Identifier [Axis]: Convey Health Solutions, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[3],[10],[12],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[3],[10],[12],[13] | 9.93% | |||
Principal amount | [2],[3],[10],[12] | $ 4,533 | |||
Cost | [2],[3],[10],[12] | 4,477 | |||
Total investments | [2],[3],[10],[12] | $ 4,398 | |||
Percent of Net Assets | [2],[3],[10],[12] | 0.58% | |||
Investment, Identifier [Axis]: Convey Health Solutions, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.70% | |||
Principal amount | [1],[7],[14] | $ 4,488 | |||
Cost | [1],[7],[14] | 4,445 | |||
Total investments | [1],[7],[14] | $ 3,956 | |||
Percent of Net Assets | [1],[7],[14] | 0.46% | |||
Investment, Identifier [Axis]: CoreTrust Purchasing Group LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 6.75% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 10.84% | |||
Principal amount | [2],[10] | $ 9,196 | |||
Cost | [2],[10] | 9,062 | |||
Total investments | [2],[10] | $ 9,058 | |||
Percent of Net Assets | [2],[10] | 1.19% | |||
Investment, Identifier [Axis]: CoreTrust Purchasing Group LLC - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,339 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: CoreTrust Purchasing Group LLC - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,339 | |||
Cost | [1],[6],[7] | (17) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: CoreTrust Purchasing Group LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 6.75% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 12.11% | |||
Principal amount | [1],[7] | $ 9,104 | |||
Cost | [1],[7] | 8,986 | |||
Total investments | [1],[7] | $ 9,104 | |||
Percent of Net Assets | [1],[7] | 1.05% | |||
Investment, Identifier [Axis]: CoreTrust Purchasing Group LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 1,339 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | (20) | |||
Investment, Identifier [Axis]: CoreTrust Purchasing Group LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,339 | |||
Cost | [10],[15] | (19) | |||
Total investments | [10],[15] | $ (20) | |||
Investment, Identifier [Axis]: Coupa Holdings, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 7.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 12.86% | |||
Principal amount | [1],[7],[14] | $ 13,366 | |||
Cost | [1],[7],[14] | 13,213 | |||
Total investments | [1],[7],[14] | $ 13,502 | |||
Percent of Net Assets | [1],[7],[14] | 1.56% | |||
Investment, Identifier [Axis]: Coupa Holdings, LLC, First Lien -Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,193 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | 12 | |||
Investment, Identifier [Axis]: Coupa Holdings, LLC, First Lien -Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 914 | |||
Cost | [1],[6],[7] | (10) | |||
Total investments | [1],[6],[7] | 0 | |||
Investment, Identifier [Axis]: Coyote Buyer, LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6] | 395 | |||
Cost | [1],[6] | 0 | |||
Total investments | [1],[6] | $ 0 | |||
Percent of Net Assets | [1],[6] | 0% | |||
Investment, Identifier [Axis]: Coyote Buyer, LLC, First Lie 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 8% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 13.54% | |||
Principal amount | [1],[14] | $ 957 | |||
Cost | [1],[14] | 952 | |||
Total investments | [1],[14] | $ 957 | |||
Investment, Identifier [Axis]: Coyote Buyer, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 6% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 11.53% | |||
Principal amount | [1],[14] | $ 5,319 | |||
Cost | [1],[14] | 5,308 | |||
Total investments | [1],[14] | $ 5,319 | |||
Investment, Identifier [Axis]: Coyote Buyer, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 6% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 10.41% | |||
Principal amount | [2],[10],[12] | $ 5,374 | |||
Cost | [2],[10],[12] | 5,359 | |||
Total investments | [2],[10],[12] | $ 5,374 | |||
Investment, Identifier [Axis]: Coyote Buyer, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 8% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 12.73% | |||
Principal amount | [2],[10],[12] | $ 967 | |||
Cost | [2],[10],[12] | 960 | |||
Total investments | [2],[10],[12] | 967 | |||
Investment, Identifier [Axis]: Coyote Buyer, LLC, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 395 | |||
Cost | [10],[15] | (1) | |||
Total investments | [10],[15] | $ 0 | |||
Percent of Net Assets | [10],[15] | 0% | |||
Investment, Identifier [Axis]: DCA Investment Holding, LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 6.41% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.14% | |||
Principal amount | [2],[10],[15] | $ 453 | |||
Cost | [2],[10],[15] | 449 | |||
Total investments | [2],[10],[15] | $ 444 | |||
Investment, Identifier [Axis]: DCA Investment Holding, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6.41% | [1],[7],[11],[14] | 6.41% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.75% | [1],[7],[11],[14] | 10.39% | [2],[10],[12],[13] | |
Principal amount | $ 6,276 | [1],[7],[14] | $ 6,347 | [2],[10],[12] | |
Cost | 6,245 | [1],[7],[14] | 6,309 | [2],[10],[12] | |
Total investments | $ 6,088 | [1],[7],[14] | $ 6,224 | [2],[10],[12] | |
Investment, Identifier [Axis]: DCA Investment Holding, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6.41% | [1],[7],[11] | 6.41% | [2],[10],[13] | |
Total Coupon/Interest Rate | 11.75% | [1],[7],[11] | 10.73% | [2],[10],[13] | |
Principal amount | $ 520 | [1],[7] | $ 1,057 | [2],[10] | |
Cost | 516 | [1],[7] | 1,052 | [2],[10] | |
Total investments | $ 504 | [1],[7] | 1,036 | [2],[10] | |
Investment, Identifier [Axis]: DCA Investment Holding, LLC, First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 6.41% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 11.75% | |||
Principal amount | [1],[7] | $ 357 | |||
Cost | [1],[7] | 356 | |||
Total investments | [1],[7] | $ 347 | |||
Investment, Identifier [Axis]: DCA Investment Holding, LLC, First Lien 4 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 6.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 11.85% | |||
Principal amount | [1],[7] | $ 243 | |||
Cost | [1],[7] | 240 | |||
Total investments | [1],[7] | 236 | |||
Investment, Identifier [Axis]: DCA Investment Holding, LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 72 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | (1) | |||
Investment, Identifier [Axis]: DCA Investment Holding, LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [15] | 938 | |||
Cost | [15] | 0 | |||
Total investments | [15] | $ (14) | |||
Investment, Identifier [Axis]: DECA Dental Holdings LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 180 | |||
Cost | [1],[6],[7] | (2) | |||
Total investments | [1],[6],[7] | $ (3) | |||
Percent of Net Assets | [1],[6],[7] | (0.00%) | |||
Investment, Identifier [Axis]: DECA Dental Holdings LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.75% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.20% | |||
Principal amount | [1],[6],[7] | $ 1,168 | |||
Cost | [1],[6],[7] | 1,162 | |||
Total investments | [1],[6],[7] | $ 1,147 | |||
Investment, Identifier [Axis]: DECA Dental Holdings LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11],[14] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.20% | [1],[7],[11],[14] | 10.48% | [2],[10],[12],[13] | |
Principal amount | $ 16,692 | [1],[7],[14] | $ 16,862 | [2],[10],[12] | |
Cost | 16,570 | [1],[7],[14] | 16,720 | [2],[10],[12] | |
Total investments | $ 16,386 | [1],[7],[14] | $ 16,138 | [2],[10],[12] | |
Investment, Identifier [Axis]: DECA Dental Holdings LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11] | 5.75% | [2],[10],[13],[15] | |
Total Coupon/Interest Rate | 11.20% | [1],[7],[11] | 10.48% | [2],[10],[13],[15] | |
Principal amount | $ 1,757 | [1],[7] | $ 1,775 | [2],[10],[15] | |
Cost | 1,753 | [1],[7] | 1,760 | [2],[10],[15] | |
Total investments | 1,725 | [1],[7] | $ 1,699 | [2],[10],[15] | |
Investment, Identifier [Axis]: DECA Dental Holdings LLC, First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.48% | |||
Principal amount | [2],[10],[15] | $ 1,168 | |||
Cost | [2],[10],[15] | 1,160 | |||
Total investments | [2],[10],[15] | 1,118 | |||
Investment, Identifier [Axis]: DECA Dental Holdings LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 180 | |||
Cost | [10],[15] | (2) | |||
Total investments | [10],[15] | (8) | |||
Investment, Identifier [Axis]: DECA Dental Holdings LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 4,044 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (174) | |||
Investment, Identifier [Axis]: DOCS, MSO, LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 10.54% | |||
Principal amount | 1,078 | [1],[6],[7] | $ 11,564 | [2],[10],[12] | |
Cost | 0 | [1],[6],[7] | 11,564 | [2],[10],[12] | |
Total investments | $ (19) | [1],[6],[7] | $ 11,248 | [2],[10],[12] | |
Percent of Net Assets | (0.00%) | [1],[6],[7] | 1.48% | [2],[10],[12] | |
Investment, Identifier [Axis]: DOCS, MSO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.75% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.20% | |||
Principal amount | [1],[7],[14] | $ 11,448 | |||
Cost | [1],[7],[14] | 11,448 | |||
Total investments | [1],[7],[14] | $ 11,242 | |||
Percent of Net Assets | [1],[7],[14] | 1.30% | |||
Investment, Identifier [Axis]: DOCS, MSO, LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 4,044 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | (111) | |||
Investment, Identifier [Axis]: DOCS, MSO, LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,078 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (30) | |||
Investment, Identifier [Axis]: DS Admiral Bidco, LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[13] | 7% | |||
Total Coupon/Interest Rate | [2],[13] | 11.51% | |||
Principal amount | [2] | $ 4,906 | |||
Cost | [2] | 4,832 | |||
Total investments | [2] | $ 4,832 | |||
Percent of Net Assets | [2] | 0.64% | |||
Investment, Identifier [Axis]: DS Admiral Bidco, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 7% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 12.35% | |||
Principal amount | [1],[7] | $ 4,857 | |||
Cost | [1],[7] | 4,791 | |||
Total investments | [1],[7] | $ 4,917 | |||
Percent of Net Assets | [1],[7] | 0.57% | |||
Investment, Identifier [Axis]: Daxko Acquisition Corporation - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 364 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Daxko Acquisition Corporation - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 731 | |||
Cost | [1],[6],[7] | (7) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Daxko Acquisition Corporation, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 4.50% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 12% | |||
Principal amount | [2],[10],[15] | $ 26 | |||
Cost | [2],[10],[15] | 27 | |||
Total investments | [2],[10],[15] | $ 25 | |||
Investment, Identifier [Axis]: Daxko Acquisition Corporation, First Lien - Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 4.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 13% | |||
Principal amount | [1],[6],[7] | $ 52 | |||
Cost | [1],[6],[7] | 55 | |||
Total investments | [1],[6],[7] | $ 52 | |||
Investment, Identifier [Axis]: Daxko Acquisition Corporation, First Lien - Drawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 10.96% | |||
Principal amount | [1],[6],[7] | $ 52 | |||
Cost | [1],[6],[7] | 50 | |||
Total investments | [1],[6],[7] | $ 52 | |||
Investment, Identifier [Axis]: Daxko Acquisition Corporation, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11],[14] | 9.88% | [2],[10],[12],[13] | |
Principal amount | $ 10,335 | [1],[7],[14] | $ 10,440 | [2],[10],[12] | |
Cost | 10,258 | [1],[7],[14] | 10,351 | [2],[10],[12] | |
Total investments | $ 10,335 | [1],[7],[14] | $ 10,148 | [2],[10],[12] | |
Investment, Identifier [Axis]: Daxko Acquisition Corporation, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11] | 5.50% | [2],[10],[13] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11] | 9.88% | [2],[10],[13] | |
Principal amount | $ 871 | [1],[7] | $ 880 | [2],[10] | |
Cost | 866 | [1],[7] | 872 | [2],[10] | |
Total investments | $ 871 | [1],[7] | 855 | [2],[10] | |
Investment, Identifier [Axis]: Daxko Acquisition Corporation, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 416 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | (12) | |||
Investment, Identifier [Axis]: Daxko Acquisition Corporation, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 757 | |||
Cost | [10],[15] | (8) | |||
Total investments | [10],[15] | $ (21) | |||
Investment, Identifier [Axis]: Diamondback Acquisition, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.50% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.88% | |||
Principal amount | [2],[10],[12] | $ 25,075 | |||
Cost | [2],[10],[12] | 24,863 | |||
Total investments | [2],[10],[12] | $ 24,498 | |||
Percent of Net Assets | [2],[10],[12] | 3.23% | |||
Investment, Identifier [Axis]: Diamondback Acquisition, Inc. First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.96% | |||
Principal amount | [1],[7],[14] | $ 24,821 | |||
Cost | [1],[7],[14] | 24,640 | |||
Total investments | [1],[7],[14] | $ 24,474 | |||
Percent of Net Assets | [1],[7],[14] | 2.83% | |||
Investment, Identifier [Axis]: Diamondback Acquisition, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 4,237 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (97) | |||
Percent of Net Assets | [10],[15] | (0.01%) | |||
Investment, Identifier [Axis]: Diligent Corporation | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,090 | |||
Cost | [1],[6],[7] | (14) | |||
Total investments | [1],[6],[7] | $ (21) | |||
Percent of Net Assets | [1],[6],[7] | (0.00%) | |||
Investment, Identifier [Axis]: Diligent Corporation, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6.25% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.76% | |||
Principal amount | [1],[6],[7] | $ 1,279 | |||
Cost | [1],[6],[7] | 1,286 | |||
Total investments | [1],[6],[7] | $ 1,254 | |||
Investment, Identifier [Axis]: Diligent Corporation, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6.25% | [1],[7],[11],[14] | 6.25% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.78% | [1],[7],[11],[14] | 10.63% | [2],[10],[12],[13] | |
Principal amount | $ 14,596 | [1],[7],[14] | $ 14,748 | [2],[10],[12] | |
Cost | 14,530 | [1],[7],[14] | 14,644 | [2],[10],[12] | |
Total investments | $ 14,310 | [1],[7],[14] | $ 14,748 | [2],[10],[12] | |
Investment, Identifier [Axis]: Diligent Corporation, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11],[14] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.28% | [1],[7],[11],[14] | 10.13% | [2],[10],[12],[13] | |
Principal amount | $ 5,525 | [1],[7],[14] | $ 5,582 | [2],[10],[12] | |
Cost | 5,514 | [1],[7],[14] | 5,564 | [2],[10],[12] | |
Total investments | $ 5,396 | [1],[7],[14] | $ 5,514 | [2],[10],[12] | |
Investment, Identifier [Axis]: Diligent Corporation, First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6.25% | [1],[7],[11] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.78% | [1],[7],[11] | 10.13% | [2],[10],[12],[13] | |
Principal amount | $ 1,221 | [1],[7] | $ 3,113 | [2],[10],[12] | |
Cost | 1,216 | [1],[7] | 3,103 | [2],[10],[12] | |
Total investments | $ 1,197 | [1],[7] | $ 3,076 | [2],[10],[12] | |
Investment, Identifier [Axis]: Diligent Corporation, First Lien 4 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6.25% | [1],[7],[11] | 6.25% | [2],[10],[13] | |
Total Coupon/Interest Rate | 11.78% | [1],[7],[11] | 10.63% | [2],[10],[13] | |
Principal amount | $ 770 | [1],[7] | $ 1,234 | [2],[10] | |
Cost | 766 | [1],[7] | 1,225 | [2],[10] | |
Total investments | $ 755 | [1],[7] | $ 1,219 | [2],[10] | |
Investment, Identifier [Axis]: Diligent Corporation, First Lien 5 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11],[14] | 6.25% | [2],[10],[13] | |
Total Coupon/Interest Rate | 11.28% | [1],[7],[11],[14] | 10.63% | [2],[10],[13] | |
Principal amount | $ 41 | [1],[7],[14] | $ 778 | [2],[10] | |
Cost | 40 | [1],[7],[14] | 772 | [2],[10] | |
Total investments | $ 40 | [1],[7],[14] | $ 778 | [2],[10] | |
Investment, Identifier [Axis]: Diligent Corporation, First Lien- Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 6.25% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.63% | |||
Principal amount | [2],[10],[15] | $ 711 | |||
Cost | [2],[10],[15] | 720 | |||
Total investments | [2],[10],[15] | 711 | |||
Investment, Identifier [Axis]: Diligent Corporation, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,658 | |||
Cost | [10],[15] | (21) | |||
Total investments | [10],[15] | $ 0 | |||
Percent of Net Assets | [10],[15] | 0% | |||
Investment, Identifier [Axis]: Eisner Advisory Group LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11] | 5.25% | |||
Total Coupon/Interest Rate | [1],[11] | 10.72% | |||
Principal amount | [1] | $ 19,455 | |||
Cost | [1] | 19,360 | |||
Total investments | [1] | $ 19,504 | |||
Investment, Identifier [Axis]: Eisner Advisory Group LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11] | 5.25% | |||
Total Coupon/Interest Rate | [1],[11] | 10.72% | |||
Principal amount | [1] | $ 1,646 | |||
Cost | [1] | 1,640 | |||
Total investments | [1] | 1,650 | |||
Investment, Identifier [Axis]: Eisner Advisory Group LLC, First Lien-1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.69% | |||
Principal amount | [2],[10],[12] | $ 19,654 | |||
Cost | [2],[10],[12] | 19,542 | |||
Total investments | [2],[10],[12] | $ 18,780 | |||
Investment, Identifier [Axis]: Eisner Advisory Group LLC, First Lien-2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 9.69% | |||
Principal amount | [2],[10] | $ 1,662 | |||
Cost | [2],[10] | 1,655 | |||
Total investments | [2],[10] | $ 1,589 | |||
Investment, Identifier [Axis]: Enverus Holdings, Inc. - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6] | 755 | |||
Cost | [1],[6] | 0 | |||
Total investments | [1],[6] | $ 0 | |||
Percent of Net Assets | [1],[6] | ||||
Investment, Identifier [Axis]: Enverus Holdings, Inc. - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6] | $ 1,149 | |||
Cost | [1],[6] | (9) | |||
Total investments | [1],[6] | $ (9) | |||
Percent of Net Assets | [1],[6] | ||||
Investment, Identifier [Axis]: Enverus Holdings, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 10.86% | |||
Principal amount | [1],[14] | $ 15,097 | |||
Cost | [1],[14] | 14,983 | |||
Total investments | [1],[14] | $ 14,983 | |||
Percent of Net Assets | [1],[14] | 1.73% | |||
Investment, Identifier [Axis]: FS WhiteWater Borrower, LLC - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 417 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ (3) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: FS WhiteWater Borrower, LLC - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 943 | |||
Cost | [1],[6],[7] | (9) | |||
Total investments | [1],[6],[7] | $ (15) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: FS WhiteWater Borrower, LLC, First Lien - Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.52% | |||
Principal amount | [1],[6],[7] | $ 1,528 | |||
Cost | [1],[6],[7] | 1,516 | |||
Total investments | [1],[6],[7] | $ 1,515 | |||
Investment, Identifier [Axis]: FS WhiteWater Borrower, LLC, First Lien - Drawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.75% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.26% | |||
Principal amount | [1],[6],[7] | $ 274 | |||
Cost | [1],[6],[7] | 275 | |||
Total investments | [1],[6],[7] | $ 269 | |||
Investment, Identifier [Axis]: FS WhiteWater Borrower, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11],[14] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.25% | [1],[7],[11],[14] | 10.48% | [2],[10],[12],[13] | |
Principal amount | $ 8,939 | [1],[7],[14] | $ 9,030 | [2],[10],[12] | |
Cost | 8,875 | [1],[7],[14] | 8,953 | [2],[10],[12] | |
Total investments | $ 8,795 | [1],[7],[14] | $ 8,783 | [2],[10],[12] | |
Investment, Identifier [Axis]: FS WhiteWater Borrower, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11] | 5.75% | [2],[10],[13] | |
Total Coupon/Interest Rate | 11.28% | [1],[7],[11] | 10.48% | [2],[10],[13] | |
Principal amount | $ 3,001 | [1],[7] | $ 3,012 | [2],[10] | |
Cost | 2,979 | [1],[7] | 2,986 | [2],[10] | |
Total investments | $ 2,952 | [1],[7] | $ 2,930 | [2],[10] | |
Investment, Identifier [Axis]: FS WhiteWater Borrower, LLC, First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11] | 5.75% | [2],[10],[13] | |
Total Coupon/Interest Rate | 11.25% | [1],[7],[11] | 10.48% | [2],[10],[13] | |
Principal amount | $ 2,982 | [1],[7] | $ 3,031 | [2],[10] | |
Cost | 2,960 | [1],[7] | 3,005 | [2],[10] | |
Total investments | 2,934 | [1],[7] | $ 2,948 | [2],[10] | |
Investment, Identifier [Axis]: FS WhiteWater Borrower, LLC, First Lien-Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.50% | |||
Principal amount | [2],[10],[15] | $ 426 | |||
Cost | [2],[10],[15] | 423 | |||
Total investments | [2],[10],[15] | $ 414 | |||
Investment, Identifier [Axis]: FS WhiteWater Borrower, LLC, First Lien-Drawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 6% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.54% | |||
Principal amount | [2],[10],[15] | $ 200 | |||
Cost | [2],[10],[15] | 198 | |||
Total investments | [2],[10],[15] | 198 | |||
Investment, Identifier [Axis]: FS WhiteWater Borrower, LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,753 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | (18) | |||
Investment, Identifier [Axis]: FS WhiteWater Borrower, LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 791 | |||
Cost | [10],[15] | (8) | |||
Total investments | [10],[15] | $ (22) | |||
Investment, Identifier [Axis]: Foreside Financial Group, LLC - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 508 | |||
Cost | [1],[6],[7] | (5) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Foreside Financial Group, LLC - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 2,124 | |||
Cost | [1],[6],[7] | (7) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Foreside Financial Group, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.50% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.88% | |||
Principal amount | [2],[10],[12] | $ 14,902 | |||
Cost | [2],[10],[12] | 14,767 | |||
Total investments | [2],[10],[12] | $ 14,753 | |||
Investment, Identifier [Axis]: Foreside Financial Group, LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.02% | |||
Principal amount | [1],[6],[7] | $ 469 | |||
Cost | [1],[6],[7] | 467 | |||
Total investments | [1],[6],[7] | $ 469 | |||
Investment, Identifier [Axis]: Foreside Financial Group, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.04% | |||
Principal amount | [1],[7],[14] | $ 14,752 | |||
Cost | [1],[7],[14] | 14,642 | |||
Total investments | [1],[7],[14] | $ 14,752 | |||
Investment, Identifier [Axis]: Foreside Financial Group, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 11.04% | |||
Principal amount | [1],[7] | $ 1,118 | |||
Cost | [1],[7] | 1,117 | |||
Total investments | [1],[7] | 1,118 | |||
Investment, Identifier [Axis]: Foreside Financial Group, LLC, First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 5.50% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 9.88% | |||
Principal amount | [2],[10] | $ 966 | |||
Cost | [2],[10] | 957 | |||
Total investments | [2],[10] | 956 | |||
Investment, Identifier [Axis]: Foreside Financial Group, LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 977 | |||
Cost | [10],[15] | (9) | |||
Total investments | [10],[15] | (10) | |||
Investment, Identifier [Axis]: Foreside Financial Group, LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 2,287 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (23) | |||
Investment, Identifier [Axis]: Fortis Solutions Group, LLC - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 1,636 | |||
Cost | [1],[6],[7] | (16) | |||
Total investments | [1],[6],[7] | $ (10) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Fortis Solutions Group, LLC - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 2,670 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ (17) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Fortis Solutions Group, LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.83% | |||
Principal amount | [2],[10],[15] | $ 230 | |||
Cost | [2],[10],[15] | 231 | |||
Total investments | [2],[10],[15] | $ 224 | |||
Investment, Identifier [Axis]: Fortis Solutions Group, LLC, First Lien -Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 10.95% | |||
Principal amount | [1],[6],[7] | $ 86 | |||
Cost | [1],[6],[7] | 91 | |||
Total investments | [1],[6],[7] | $ 86 | |||
Investment, Identifier [Axis]: Fortis Solutions Group, LLC, First Lien -Drawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 10.98% | |||
Principal amount | [1],[6],[7] | $ 83 | |||
Cost | [1],[6],[7] | 82 | |||
Total investments | [1],[6],[7] | $ 83 | |||
Investment, Identifier [Axis]: Fortis Solutions Group, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.95% | [1],[7],[11],[14] | 10.23% | [2],[10],[12],[13] | |
Principal amount | $ 12,154 | [1],[7],[14] | $ 12,278 | [2],[10],[12] | |
Cost | 12,064 | [1],[7],[14] | 12,172 | [2],[10],[12] | |
Total investments | $ 12,077 | [1],[7],[14] | $ 11,990 | [2],[10],[12] | |
Investment, Identifier [Axis]: Fortis Solutions Group, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11] | 5.50% | [2],[10],[13] | |
Total Coupon/Interest Rate | 10.95% | [1],[7],[11] | 10.23% | [2],[10],[13] | |
Principal amount | $ 5,081 | [1],[7] | $ 4,943 | [2],[10] | |
Cost | 5,049 | [1],[7] | 4,902 | [2],[10] | |
Total investments | $ 5,048 | [1],[7] | 4,828 | [2],[10] | |
Investment, Identifier [Axis]: Fortis Solutions Group, LLC, First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 10.95% | |||
Principal amount | [1],[7] | $ 48 | |||
Cost | [1],[7] | 44 | |||
Total investments | [1],[7] | $ 48 | |||
Investment, Identifier [Axis]: Fortis Solutions Group, LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 49 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | (1) | |||
Investment, Identifier [Axis]: Fortis Solutions Group, LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,493 | |||
Cost | [10],[15] | (15) | |||
Total investments | [10],[15] | (35) | |||
Investment, Identifier [Axis]: Fortis Solutions Group, LLC, First lien - Undrawn 3 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 2,942 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (69) | |||
Investment, Identifier [Axis]: Foundational Education Group, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 3.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 8.59% | |||
Principal amount | [2],[10],[12] | $ 9,380 | |||
Cost | [2],[10],[12] | 9,341 | |||
Total investments | [2],[10],[12] | $ 8,816 | |||
Investment, Identifier [Axis]: Foundational Education Group, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 4.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 9.89% | |||
Principal amount | [1],[7],[14] | $ 9,285 | |||
Cost | [1],[7],[14] | 9,252 | |||
Total investments | [1],[7],[14] | $ 9,285 | |||
Investment, Identifier [Axis]: Foundational Education Group, Inc., Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6.50% | [1],[7],[11],[14] | 6.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 12.14% | [1],[7],[11],[14] | 11.34% | [2],[10],[12],[13] | |
Principal amount | $ 6,488 | [1],[7],[14] | $ 6,488 | [2],[10],[12] | |
Cost | 6,463 | [1],[7],[14] | 6,460 | [2],[10],[12] | |
Total investments | 6,372 | [1],[7],[14] | $ 6,001 | [2],[10],[12] | |
Investment, Identifier [Axis]: GC Waves Holdings, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 4,543 | |||
Cost | [1],[6],[7] | (57) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: GC Waves Holdings, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[13] | 5.50% | |||
Total Coupon/Interest Rate | [2],[13] | 9.88% | |||
Principal amount | [2] | $ 7,194 | |||
Cost | [2] | 7,140 | |||
Total investments | [2] | $ 7,107 | |||
Investment, Identifier [Axis]: GC Waves Holdings, Inc., First Lien -Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.46% | |||
Principal amount | [1],[6],[7] | $ 456 | |||
Cost | [1],[6],[7] | 512 | |||
Total investments | [1],[6],[7] | $ 456 | |||
Investment, Identifier [Axis]: GC Waves Holdings, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 6% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.46% | |||
Principal amount | [1],[7],[14] | $ 7,122 | |||
Cost | [1],[7],[14] | 7,078 | |||
Total investments | [1],[7],[14] | $ 7,122 | |||
Investment, Identifier [Axis]: GC Waves Holdings, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 6% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 11.46% | |||
Principal amount | [1],[7] | $ 2,488 | |||
Cost | [1],[7] | 2,472 | |||
Total investments | [1],[7] | $ 2,488 | |||
Investment, Identifier [Axis]: GC Waves Holdings, Inc., First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 6% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 11.46% | |||
Principal amount | [1],[7] | $ 67 | |||
Cost | [1],[7] | 66 | |||
Total investments | [1],[7] | 67 | |||
Investment, Identifier [Axis]: GC Waves Holdings, Inc., First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5.50% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 9.88% | |||
Principal amount | [2],[10],[15] | $ 2,468 | |||
Cost | [2],[10],[15] | 2,447 | |||
Total investments | [2],[10],[15] | 2,438 | |||
Investment, Identifier [Axis]: GC Waves Holdings, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 113 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (1) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: GS Acquisitionco, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 1,918 | |||
Cost | [1],[6],[7] | (5) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: GS Acquisitionco, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11% | [1],[7],[11],[14] | 9.92% | [2],[10],[12],[13] | |
Principal amount | $ 24,103 | [1],[7],[14] | $ 24,354 | [2],[10],[12] | |
Cost | 24,038 | [1],[7],[14] | 24,265 | [2],[10],[12] | |
Total investments | $ 24,103 | [1],[7],[14] | $ 24,137 | [2],[10],[12] | |
Investment, Identifier [Axis]: GS Acquisitionco, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11] | 5.75% | [2],[10],[13] | |
Total Coupon/Interest Rate | 11% | [1],[7],[11] | 9.92% | [2],[10],[13] | |
Principal amount | $ 5,702 | [1],[7] | $ 5,761 | [2],[10] | |
Cost | 5,684 | [1],[7] | 5,737 | [2],[10] | |
Total investments | $ 5,702 | [1],[7] | 5,710 | [2],[10] | |
Investment, Identifier [Axis]: GS Acquisitionco, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,918 | |||
Cost | [10],[15] | (7) | |||
Total investments | [10],[15] | $ (17) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Geo Parent Corporation | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.44% | |||
Principal amount | [2],[10],[12] | $ 2,917 | |||
Cost | [2],[10],[12] | 2,849 | |||
Total investments | [2],[10],[12] | $ 2,845 | |||
Percent of Net Assets | [2],[10],[12] | 0.37% | |||
Investment, Identifier [Axis]: Geo Parent Corporation, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.80% | |||
Principal amount | [1],[7],[14] | $ 11,952 | |||
Cost | [1],[7],[14] | 11,823 | |||
Total investments | [1],[7],[14] | $ 11,952 | |||
Percent of Net Assets | [1],[7],[14] | 1.38% | |||
Investment, Identifier [Axis]: Granicus, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 955 | |||
Cost | [1],[6],[7] | (7) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Granicus, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.96% | |||
Principal amount | [1],[6],[7] | $ 252 | |||
Cost | [1],[6],[7] | 254 | |||
Total investments | [1],[6],[7] | $ 252 | |||
Investment, Identifier [Axis]: Granicus, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.50% | [2],[10],[12],[13],[16] | |
PIK | 1.50% | [1],[7],[11],[14] | 1.50% | [2],[10],[12],[13],[16] | |
Total Coupon/Interest Rate | 12.48% | [1],[7],[11],[14] | 11.14% | [2],[10],[12],[13],[16] | |
Principal amount | $ 10,681 | [1],[7],[14] | $ 10,641 | [2],[10],[12],[16] | |
Cost | 10,635 | [1],[7],[14] | 10,583 | [2],[10],[12],[16] | |
Total investments | $ 10,681 | [1],[7],[14] | $ 10,640 | [2],[10],[12],[16] | |
Investment, Identifier [Axis]: Granicus, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11] | 5.50% | [2],[10],[13],[16] | |
PIK | 1.50% | [1],[7],[11] | 1.50% | [2],[10],[13],[16] | |
Total Coupon/Interest Rate | 12.48% | [1],[7],[11] | 11.14% | [2],[10],[13],[16] | |
Principal amount | $ 2,991 | [1],[7] | $ 2,980 | [2],[10],[16] | |
Cost | 2,978 | [1],[7] | 2,963 | [2],[10],[16] | |
Total investments | $ 2,991 | [1],[7] | $ 2,980 | [2],[10],[16] | |
Investment, Identifier [Axis]: Granicus, Inc., First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6% | [1],[7],[11] | 6% | [2],[10],[13] | |
Total Coupon/Interest Rate | 11.48% | [1],[7],[11] | 10.14% | [2],[10],[13] | |
Principal amount | $ 2,271 | [1],[7] | $ 2,290 | [2],[10] | |
Cost | 2,258 | [1],[7] | 2,272 | [2],[10] | |
Total investments | 2,271 | [1],[7] | $ 2,290 | [2],[10] | |
Investment, Identifier [Axis]: Granicus, Inc., First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 6.50% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.69% | |||
Principal amount | [2],[10],[15] | $ 405 | |||
Cost | [2],[10],[15] | 405 | |||
Total investments | [2],[10],[15] | 405 | |||
Investment, Identifier [Axis]: Granicus, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 802 | |||
Cost | [10],[15] | (6) | |||
Total investments | [10],[15] | $ 0 | |||
Percent of Net Assets | [10],[15] | 0% | |||
Investment, Identifier [Axis]: GraphPAD Software, LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 500 | |||
Cost | [1],[6],[7] | (3) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: GraphPAD Software, LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 13.50% | |||
Principal amount | [1],[6],[7] | $ 500 | |||
Cost | [1],[6],[7] | 500 | |||
Total investments | [1],[6],[7] | $ 500 | |||
Investment, Identifier [Axis]: GraphPAD Software, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.22% | [1],[7],[11],[14] | 10.23% | [2],[10],[12],[13] | |
Principal amount | $ 9,105 | [1],[7],[14] | $ 9,198 | [2],[10],[12] | |
Cost | 9,074 | [1],[7],[14] | 9,160 | [2],[10],[12] | |
Total investments | $ 9,105 | [1],[7],[14] | $ 9,035 | [2],[10],[12] | |
Investment, Identifier [Axis]: GraphPAD Software, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.19% | [1],[7],[11],[14] | 10.23% | [2],[10],[12],[13] | |
Principal amount | $ 6,825 | [1],[7],[14] | $ 6,895 | [2],[10],[12] | |
Cost | 6,804 | [1],[7],[14] | 6,869 | [2],[10],[12] | |
Total investments | $ 6,825 | [1],[7],[14] | $ 6,773 | [2],[10],[12] | |
Investment, Identifier [Axis]: GraphPAD Software, LLC, First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.13% | [1],[7],[11] | 10.23% | [2],[10],[12],[13] | |
Principal amount | $ 2,068 | [1],[7] | $ 1,060 | [2],[10],[12] | |
Cost | 2,061 | [1],[7] | 1,056 | [2],[10],[12] | |
Total investments | $ 2,068 | [1],[7] | 1,041 | [2],[10],[12] | |
Investment, Identifier [Axis]: GraphPAD Software, LLC, First Lien 4 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.22% | |||
Principal amount | [1],[7],[14] | $ 1,049 | |||
Cost | [1],[7],[14] | 1,046 | |||
Total investments | [1],[7],[14] | $ 1,049 | |||
Investment, Identifier [Axis]: GraphPAD Software, LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,000 | |||
Cost | [10],[15] | (4) | |||
Total investments | [10],[15] | (18) | |||
Investment, Identifier [Axis]: GraphPAD Software, LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 5,068 | |||
Cost | [10],[15] | (20) | |||
Total investments | [10],[15] | $ (90) | |||
Investment, Identifier [Axis]: Greenway Health, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 6.75% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 11.93% | |||
Principal amount | [1],[14] | $ 4,127 | |||
Cost | [1],[14] | 4,065 | |||
Total investments | [1],[14] | $ 4,065 | |||
Percent of Net Assets | [1],[14] | 0.47% | |||
Investment, Identifier [Axis]: Healthspan Buyer, LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 799 | |||
Cost | [1],[6],[7] | (8) | |||
Total investments | [1],[6],[7] | $ (8) | |||
Percent of Net Assets | [1],[6],[7] | (0.00%) | |||
Investment, Identifier [Axis]: Healthspan Buyer, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.75% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.10% | |||
Principal amount | [1],[7],[14] | $ 3,328 | |||
Cost | [1],[7],[14] | 3,296 | |||
Total investments | [1],[7],[14] | $ 3,295 | |||
Percent of Net Assets | [1],[7],[14] | 0.38% | |||
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.25% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11],[14] | 9.63% | [2],[10],[12],[13] | |
Principal amount | $ 23,428 | [1],[7],[14] | $ 23,667 | [2],[10],[12] | |
Cost | 23,333 | [1],[7],[14] | 23,543 | [2],[10],[12] | |
Total investments | $ 23,428 | [1],[7],[14] | $ 23,388 | [2],[10],[12] | |
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 9.63% | |||
Principal amount | [2],[10] | $ 6,682 | |||
Cost | [2],[10] | 6,642 | |||
Total investments | [2],[10] | $ 6,603 | |||
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc.., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 10.96% | |||
Principal amount | [1],[7] | $ 4,619 | |||
Cost | [1],[7] | 4,594 | |||
Total investments | [1],[7] | $ 4,619 | |||
Investment, Identifier [Axis]: Houghton Mifflin Harcourt Company, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 5.25% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 10.71% | |||
Principal amount | [1],[14] | $ 4,434 | |||
Cost | [1],[14] | 4,179 | |||
Total investments | [1],[14] | $ 4,357 | |||
Percent of Net Assets | [1],[14] | 0.50% | |||
Investment, Identifier [Axis]: IG Investments Holdings, LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,825 | |||
Cost | [1],[6],[7] | (12) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: IG Investments Holdings, LLC First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 6% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.48% | |||
Principal amount | [1],[7],[14] | $ 22,907 | |||
Cost | [1],[7],[14] | 22,738 | |||
Total investments | [1],[7],[14] | $ 22,907 | |||
Percent of Net Assets | [1],[7],[14] | 2.65% | |||
Investment, Identifier [Axis]: IG Investments Holdings, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 6% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 10.38% | |||
Principal amount | [2],[10],[12] | $ 23,141 | |||
Cost | [2],[10],[12] | 22,944 | |||
Total investments | [2],[10],[12] | $ 22,822 | |||
Investment, Identifier [Axis]: IG Investments Holdings, LLC, First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 6% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.39% | |||
Principal amount | [2],[10],[15] | $ 730 | |||
Cost | [2],[10],[15] | 726 | |||
Total investments | [2],[10],[15] | 720 | |||
Investment, Identifier [Axis]: IG Investments Holdings, LLC, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,095 | |||
Cost | [10],[15] | (11) | |||
Total investments | [10],[15] | $ (15) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: IMO Investor Holdings, Inc. - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 330 | |||
Cost | [1],[6],[7] | (3) | |||
Total investments | [1],[6],[7] | (3) | |||
Investment, Identifier [Axis]: IMO Investor Holdings, Inc. - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 433 | |||
Cost | [1],[6],[7] | (4) | |||
Total investments | [1],[6],[7] | $ (3) | |||
Investment, Identifier [Axis]: IMO Investor Holdings, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 6% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.40% | |||
Principal amount | [1],[7],[14] | $ 2,850 | |||
Cost | [1],[7],[14] | 2,827 | |||
Total investments | [1],[7],[14] | $ 2,827 | |||
Investment, Identifier [Axis]: IMO Investor Holdings, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 6% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 10.62% | |||
Principal amount | [2],[10],[12] | $ 2,879 | |||
Cost | [2],[10],[12] | 2,853 | |||
Total investments | [2],[10],[12] | $ 2,850 | |||
Investment, Identifier [Axis]: IMO Investor Holdings, Inc., First Lien - Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.39% | |||
Principal amount | [1],[6],[7] | $ 253 | |||
Cost | [1],[6],[7] | 255 | |||
Total investments | [1],[6],[7] | $ 251 | |||
Investment, Identifier [Axis]: IMO Investor Holdings, Inc., First Lien - Drawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.42% | |||
Principal amount | [1],[6],[7] | $ 14 | |||
Cost | [1],[6],[7] | 15 | |||
Total investments | [1],[6],[7] | $ 14 | |||
Investment, Identifier [Axis]: IMO Investor Holdings, Inc., First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 6% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.61% | |||
Principal amount | [2],[10],[15] | $ 65 | |||
Cost | [2],[10],[15] | 65 | |||
Total investments | [2],[10],[15] | 65 | |||
Investment, Identifier [Axis]: IMO Investor Holdings, Inc., First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 278 | |||
Cost | [10],[15] | (3) | |||
Total investments | [10],[15] | (3) | |||
Investment, Identifier [Axis]: IMO Investor Holdings, Inc., First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 687 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (7) | |||
Investment, Identifier [Axis]: IMO KENG Acquisition, Inc., First Lien - Drawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6.25% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.60% | |||
Principal amount | [1],[6],[7] | $ 37 | |||
Cost | [1],[6],[7] | 36 | |||
Total investments | [1],[6],[7] | 36 | |||
Investment, Identifier [Axis]: Infogain Corporation | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 1,236 | |||
Cost | [1],[6],[7] | (5) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Infogain Corporation, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11],[14] | 10.17% | [2],[10],[12],[13] | |
Principal amount | $ 6,039 | [1],[7],[14] | $ 6,101 | [2],[10],[12] | |
Cost | 6,007 | [1],[7],[14] | 6,063 | [2],[10],[12] | |
Total investments | $ 6,039 | [1],[7],[14] | $ 5,987 | [2],[10],[12] | |
Investment, Identifier [Axis]: Infogain Corporation, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.96% | [1],[7],[11],[14] | 10.17% | [2],[10],[12],[13] | |
Principal amount | $ 3,549 | [1],[7],[14] | $ 3,585 | [2],[10],[12] | |
Cost | 3,520 | [1],[7],[14] | 3,551 | [2],[10],[12] | |
Total investments | $ 3,549 | [1],[7],[14] | $ 3,518 | [2],[10],[12] | |
Investment, Identifier [Axis]: Infogain Corporation, First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.17% | |||
Principal amount | [2],[10],[15] | $ 345 | |||
Cost | [2],[10],[15] | 345 | |||
Total investments | [2],[10],[15] | 338 | |||
Investment, Identifier [Axis]: Infogain Corporation, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 891 | |||
Cost | [10],[15] | (7) | |||
Total investments | [10],[15] | $ (17) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Infogain Corporation, Subordinated | |||||
Schedule of Investments [Line Items] | |||||
Spread | 8.25% | [1],[7],[11] | 8.25% | [2],[10],[13] | |
Total Coupon/Interest Rate | 13.70% | [1],[7],[11] | 12.93% | [2],[10],[13] | |
Principal amount | $ 1 | [1],[7] | $ 1 | [2],[10] | |
Cost | 1 | [1],[7] | 1 | [2],[10] | |
Total investments | 1 | [1],[7] | $ 1 | [2],[10] | |
Investment, Identifier [Axis]: KENG Acquisition, Inc. - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 293 | |||
Cost | [1],[6],[7] | (4) | |||
Total investments | [1],[6],[7] | $ (4) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: KENG Acquisition, Inc. - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 764 | |||
Cost | [1],[6],[7] | (2) | |||
Total investments | [1],[6],[7] | $ (10) | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: KENG Acquisition, Inc. First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 6.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.60% | |||
Principal amount | [1],[7],[14] | $ 1,207 | |||
Cost | [1],[7],[14] | 1,193 | |||
Total investments | [1],[7],[14] | $ 1,192 | |||
Investment, Identifier [Axis]: KENG Acquisition, Inc., First Lien - Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6.25% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.60% | |||
Principal amount | [1],[6],[7] | $ 150 | |||
Cost | [1],[6],[7] | 150 | |||
Total investments | [1],[6],[7] | 148 | |||
Investment, Identifier [Axis]: KPSKY Acquisition Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 1,019 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ (10) | |||
Percent of Net Assets | [1],[6],[7] | (0.00%) | |||
Investment, Identifier [Axis]: KPSKY Acquisition Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.75% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.23% | |||
Principal amount | [1],[6],[7] | $ 12 | |||
Cost | [1],[6],[7] | 12 | |||
Total investments | [1],[6],[7] | $ 12 | |||
Investment, Identifier [Axis]: KPSKY Acquisition Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.25% | [1],[7],[11],[14] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.73% | [1],[7],[11],[14] | 9.89% | [2],[10],[12],[13] | |
Principal amount | $ 4,338 | [1],[7],[14] | $ 4,382 | [2],[10],[12] | |
Cost | 4,306 | [1],[7],[14] | 4,345 | [2],[10],[12] | |
Total investments | $ 4,253 | [1],[7],[14] | $ 4,190 | [2],[10],[12] | |
Investment, Identifier [Axis]: KPSKY Acquisition Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.25% | [1],[7],[11] | 4.50% | [2],[13] | |
Total Coupon/Interest Rate | 10.73% | [1],[7],[11] | 12% | [2],[13] | |
Principal amount | $ 744 | [1],[7] | $ 504 | [2] | |
Cost | 738 | [1],[7] | 500 | [2] | |
Total investments | $ 729 | [1],[7] | $ 482 | [2] | |
Investment, Identifier [Axis]: KPSKY Acquisition Inc., First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.25% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 10.76% | |||
Principal amount | [1],[7] | $ 497 | |||
Cost | [1],[7] | 493 | |||
Total investments | [1],[7] | 487 | |||
Investment, Identifier [Axis]: KPSKY Acquisition Inc., First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 4.50% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 12% | |||
Principal amount | [2],[10],[15] | $ 93 | |||
Cost | [2],[10],[15] | 92 | |||
Total investments | [2],[10],[15] | 89 | |||
Investment, Identifier [Axis]: KPSKY Acquisition Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 655 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (29) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: KWOR Acquisition, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.64% | |||
Principal amount | 1,644 | [1],[6],[7] | $ 20,712 | [2],[10],[12] | |
Cost | (12) | [1],[6],[7] | 20,576 | [2],[10],[12] | |
Total investments | $ 0 | [1],[6],[7] | $ 20,514 | [2],[10],[12] | |
Percent of Net Assets | 0% | [1],[6],[7] | 2.70% | [2],[10],[12] | |
Investment, Identifier [Axis]: KWOR Acquisition, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.71% | |||
Principal amount | [1],[7],[14] | $ 17,513 | |||
Cost | [1],[7],[14] | 17,412 | |||
Total investments | [1],[7],[14] | $ 17,513 | |||
Investment, Identifier [Axis]: KWOR Acquisition, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 4.25% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 12.75% | |||
Principal amount | [1],[6],[7] | $ 1,240 | |||
Cost | [1],[6],[7] | 1,238 | |||
Total investments | [1],[6],[7] | 1,240 | |||
Investment, Identifier [Axis]: KWOR Acquisition, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 2,883 | |||
Cost | [10],[15] | (18) | |||
Total investments | [10],[15] | $ (28) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Kaseya Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 10.33% | |||
Principal amount | [2],[10],[12] | $ 14,662 | |||
Cost | [2],[10],[12] | 14,559 | |||
Total investments | [2],[10],[12] | $ 14,448 | |||
Percent of Net Assets | [2],[10],[12] | 1.90% | |||
Investment, Identifier [Axis]: Kaseya Inc. - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 1,028 | |||
Cost | [1],[6],[7] | (8) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Kaseya Inc. - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,288 | |||
Cost | [1],[6],[7] | (10) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Kaseya Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 3.50% | |||
PIK | [1],[7],[11],[14] | 2.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.38% | |||
Principal amount | [1],[7],[14] | $ 22,714 | |||
Cost | [1],[7],[14] | 22,550 | |||
Total investments | [1],[7],[14] | $ 22,714 | |||
Investment, Identifier [Axis]: Kaseya Inc., First Lien - Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 10.86% | |||
Principal amount | [1],[6],[7] | $ 346 | |||
Cost | [1],[6],[7] | 344 | |||
Total investments | [1],[6],[7] | $ 346 | |||
Investment, Identifier [Axis]: Kaseya Inc., First Lien - Drawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 3.50% | |||
PIK | [1],[6],[7],[11] | 2.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.38% | |||
Principal amount | [1],[6],[7] | $ 84 | |||
Cost | [1],[6],[7] | 89 | |||
Total investments | [1],[6],[7] | 84 | |||
Investment, Identifier [Axis]: Kaseya Inc., First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 895 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | (13) | |||
Investment, Identifier [Axis]: Kaseya Inc., First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 895 | |||
Cost | [10],[15] | (6) | |||
Total investments | [10],[15] | $ (13) | |||
Investment, Identifier [Axis]: Kele Holdco, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.42% | |||
Principal amount | 701 | [1],[6],[7] | $ 6,150 | [2],[10],[12] | |
Cost | (1) | [1],[6],[7] | 6,132 | [2],[10],[12] | |
Total investments | $ 0 | [1],[6],[7] | $ 6,150 | [2],[10],[12] | |
Percent of Net Assets | 0% | [1],[6],[7] | 0.81% | [2],[10],[12] | |
Investment, Identifier [Axis]: Kele Holdco, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.71% | |||
Principal amount | [1],[7],[14] | $ 5,764 | |||
Cost | [1],[7],[14] | 5,752 | |||
Total investments | [1],[7],[14] | $ 5,764 | |||
Percent of Net Assets | [1],[7],[14] | 0.67% | |||
Investment, Identifier [Axis]: Kele Holdco, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 701 | |||
Cost | [10],[15] | (2) | |||
Total investments | [10],[15] | $ 0 | |||
Percent of Net Assets | [10],[15] | 0% | |||
Investment, Identifier [Axis]: LSCS Holdings, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[12],[13] | 4.50% | |||
Total Coupon/Interest Rate | [2],[12],[13] | 8.88% | |||
Principal amount | [2],[12] | $ 10,355 | |||
Cost | [2],[12] | 10,332 | |||
Total investments | [2],[12] | $ 9,902 | |||
Percent of Net Assets | [2],[12] | 1.30% | |||
Investment, Identifier [Axis]: Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.) | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 844 | |||
Cost | [1],[6],[7] | (6) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.), First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.61% | |||
Principal amount | [1],[7],[14] | $ 10,000 | |||
Cost | [1],[7],[14] | 9,918 | |||
Total investments | [1],[7],[14] | $ 10,000 | |||
Investment, Identifier [Axis]: Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.), First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.75% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.11% | |||
Principal amount | [1],[7],[14] | $ 3,015 | |||
Cost | [1],[7],[14] | 2,986 | |||
Total investments | [1],[7],[14] | 3,015 | |||
Investment, Identifier [Axis]: MRI Software LLC - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 2,199 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | 0 | |||
Investment, Identifier [Axis]: MRI Software LLC - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 1,000 | |||
Cost | [1],[6],[7] | (3) | |||
Total investments | [1],[6],[7] | $ (3) | |||
Investment, Identifier [Axis]: MRI Software LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.95% | [1],[7],[11],[14] | 10.23% | [2],[10],[12],[13] | |
Principal amount | $ 10,805 | [1],[7],[14] | $ 10,917 | [2],[10],[12] | |
Cost | 10,782 | [1],[7],[14] | 10,885 | [2],[10],[12] | |
Total investments | $ 10,777 | [1],[7],[14] | $ 10,669 | [2],[10],[12] | |
Investment, Identifier [Axis]: MRI Software LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.95% | [1],[7],[11],[14] | 10.23% | [2],[10],[12],[13] | |
Principal amount | $ 3,064 | [1],[7],[14] | $ 3,096 | [2],[10],[12] | |
Cost | 3,061 | [1],[7],[14] | 3,091 | [2],[10],[12] | |
Total investments | $ 3,056 | [1],[7],[14] | $ 3,026 | [2],[10],[12] | |
Investment, Identifier [Axis]: MRI Software LLC, First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11] | 5.50% | [2],[10],[13] | |
Total Coupon/Interest Rate | 10.95% | [1],[7],[11] | 10.23% | [2],[10],[13] | |
Principal amount | $ 2,867 | [1],[7] | $ 1,370 | [2],[10] | |
Cost | 2,862 | [1],[7] | 1,367 | [2],[10] | |
Total investments | $ 2,859 | [1],[7] | $ 1,338 | [2],[10] | |
Investment, Identifier [Axis]: MRI Software LLC, First Lien 4 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11] | 5.50% | [2],[10],[13] | |
Total Coupon/Interest Rate | 10.95% | [1],[7],[11] | 10.23% | [2],[10],[13] | |
Principal amount | $ 312 | [1],[7] | $ 315 | [2],[10] | |
Cost | 312 | [1],[7] | 314 | [2],[10] | |
Total investments | $ 311 | [1],[7] | 308 | [2],[10] | |
Investment, Identifier [Axis]: MRI Software LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 780 | |||
Cost | [10],[15] | (2) | |||
Total investments | [10],[15] | (18) | |||
Investment, Identifier [Axis]: MRI Software LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,523 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (35) | |||
Investment, Identifier [Axis]: Maverick Bidco Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 6.75% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 11.16% | |||
Principal amount | [2],[10] | $ 6,800 | |||
Cost | [2],[10] | 6,783 | |||
Total investments | [2],[10] | $ 6,548 | |||
Percent of Net Assets | [2],[10] | 0.86% | |||
Investment, Identifier [Axis]: Maverick Bidco Inc., Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 6.75% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 12.28% | |||
Principal amount | [1],[7] | $ 6,800 | |||
Cost | [1],[7] | 6,786 | |||
Total investments | [1],[7] | $ 6,693 | |||
Percent of Net Assets | [1],[7] | 0.77% | |||
Investment, Identifier [Axis]: More cowbell II LLC - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 232 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | 0 | |||
Investment, Identifier [Axis]: More cowbell II LLC - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 246 | |||
Cost | [1],[6],[7] | (2) | |||
Total investments | [1],[6],[7] | $ (2) | |||
Investment, Identifier [Axis]: More cowbell II LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 6% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.48% | |||
Principal amount | [1],[7],[14] | $ 2,131 | |||
Cost | [1],[7],[14] | 2,116 | |||
Total investments | [1],[7],[14] | $ 2,115 | |||
Investment, Identifier [Axis]: More cowbell II LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.37% | |||
Principal amount | [1],[6],[7] | $ 56 | |||
Cost | [1],[6],[7] | 55 | |||
Total investments | [1],[6],[7] | $ 55 | |||
Investment, Identifier [Axis]: NMC Crimson Holdings, Inc. First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 6.09% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.64% | |||
Principal amount | [1],[7],[14] | $ 7,401 | |||
Cost | [1],[7],[14] | 7,327 | |||
Total investments | [1],[7],[14] | $ 7,353 | |||
Investment, Identifier [Axis]: NMC Crimson Holdings, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 6% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.74% | |||
Principal amount | [2],[10],[12] | $ 7,401 | |||
Cost | [2],[10],[12] | 7,313 | |||
Total investments | [2],[10],[12] | $ 7,350 | |||
Investment, Identifier [Axis]: NMC Crimson Holdings, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6.09% | [1],[6],[7],[11] | 6% | [2],[10],[13],[15] | |
Total Coupon/Interest Rate | 11.62% | [1],[6],[7],[11] | 10.39% | [2],[10],[13],[15] | |
Principal amount | $ 1,535 | [1],[6],[7] | $ 501 | [2],[10],[15] | |
Cost | 1,530 | [1],[6],[7] | 495 | [2],[10],[15] | |
Total investments | 1,525 | [1],[6],[7] | 497 | [2],[10],[15] | |
Investment, Identifier [Axis]: NMC Crimson Holdings, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 2,764 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (19) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Ncontracts, LLC - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6] | 502 | |||
Cost | [1],[6] | 0 | |||
Total investments | [1],[6] | $ 0 | |||
Percent of Net Assets | [1],[6] | ||||
Investment, Identifier [Axis]: Ncontracts, LLC - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6] | $ 502 | |||
Cost | [1],[6] | (6) | |||
Total investments | [1],[6] | $ (6) | |||
Percent of Net Assets | [1],[6] | ||||
Investment, Identifier [Axis]: Ncontracts, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 6.50% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 11.80% | |||
Principal amount | [1],[14] | $ 5,442 | |||
Cost | [1],[14] | 5,374 | |||
Total investments | [1],[14] | $ 5,374 | |||
Percent of Net Assets | [1],[14] | 0.62% | |||
Investment, Identifier [Axis]: Next Holdco, LLC - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 220 | |||
Cost | [1],[6],[7] | (2) | |||
Total investments | [1],[6],[7] | $ (2) | |||
Investment, Identifier [Axis]: Next Holdco, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 6% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.37% | |||
Principal amount | [1],[7],[14] | $ 2,288 | |||
Cost | [1],[7],[14] | 2,271 | |||
Total investments | [1],[7],[14] | $ 2,271 | |||
Percent of Net Assets | [1],[7],[14] | 0.26% | |||
Investment, Identifier [Axis]: Next Holdco, LLC. - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 587 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ 0 | |||
Investment, Identifier [Axis]: Nielsen Consumer Inc, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 6.25% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 11.61% | |||
Principal amount | [1],[14] | $ 12,138 | |||
Cost | [1],[14] | 11,406 | |||
Total investments | [1],[14] | $ 11,906 | |||
Percent of Net Assets | [1],[14] | 1.38% | |||
Investment, Identifier [Axis]: Notorious Topco, LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,721 | |||
Cost | [1],[6],[7] | (13) | |||
Total investments | [1],[6],[7] | $ (127) | |||
Percent of Net Assets | [1],[6],[7] | (0.01%) | |||
Investment, Identifier [Axis]: Notorious Topco, LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6.75% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 12.28% | |||
Principal amount | [1],[6],[7] | $ 123 | |||
Cost | [1],[6],[7] | 127 | |||
Total investments | [1],[6],[7] | $ 114 | |||
Investment, Identifier [Axis]: Notorious Topco, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6.75% | [1],[7],[11],[14] | 6.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 12.28% | [1],[7],[11],[14] | 10.99% | [2],[10],[12],[13] | |
Principal amount | $ 20,840 | [1],[7],[14] | $ 21,053 | [2],[10],[12] | |
Cost | 20,729 | [1],[7],[14] | 20,919 | [2],[10],[12] | |
Total investments | $ 19,302 | [1],[7],[14] | $ 20,700 | [2],[10],[12] | |
Investment, Identifier [Axis]: Notorious Topco, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 6.75% | [1],[7],[11] | 6.75% | [2],[10],[13],[15] | |
Total Coupon/Interest Rate | 12.28% | [1],[7],[11] | 10.99% | [2],[10],[13],[15] | |
Principal amount | $ 1,816 | [1],[7] | $ 1,835 | [2],[10],[15] | |
Cost | 1,807 | [1],[7] | 1,815 | [2],[10],[15] | |
Total investments | 1,682 | [1],[7] | $ 1,804 | [2],[10],[15] | |
Investment, Identifier [Axis]: Notorious Topco, LLC, First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 6.75% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.99% | |||
Principal amount | [2],[10],[15] | $ 307 | |||
Cost | [2],[10],[15] | 308 | |||
Total investments | [2],[10],[15] | 302 | |||
Investment, Identifier [Axis]: Notorious Topco, LLC, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,537 | |||
Cost | [10],[15] | (12) | |||
Total investments | [10],[15] | (26) | |||
Investment, Identifier [Axis]: Notorious Topco, LLC, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,230 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (21) | |||
Investment, Identifier [Axis]: OA Buyer, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 3,041 | |||
Cost | [1],[6],[7] | (22) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: OA Buyer, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.86% | [1],[7],[11],[14] | 10.13% | [2],[10],[12],[13] | |
Principal amount | $ 23,401 | [1],[7],[14] | $ 23,639 | [2],[10],[12] | |
Cost | 23,221 | [1],[7],[14] | 23,430 | [2],[10],[12] | |
Total investments | $ 23,401 | [1],[7],[14] | $ 23,447 | [2],[10],[12] | |
Investment, Identifier [Axis]: OA Buyer, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.75% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.86% | [1],[7],[11],[14] | 10.13% | [2],[10],[12],[13] | |
Principal amount | $ 1,481 | [1],[7],[14] | $ 1,496 | [2],[10],[12] | |
Cost | 1,470 | [1],[7],[14] | 1,483 | [2],[10],[12] | |
Total investments | 1,481 | [1],[7],[14] | 1,484 | [2],[10],[12] | |
Investment, Identifier [Axis]: OA Buyer, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 3,041 | |||
Cost | [10],[15] | (26) | |||
Total investments | [10],[15] | $ (25) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: OB Hospitalist Group, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 910 | |||
Cost | [1],[6],[7] | (9) | |||
Total investments | [1],[6],[7] | $ (23) | |||
Percent of Net Assets | [1],[6],[7] | (0.00%) | |||
Investment, Identifier [Axis]: OB Hospitalist Group, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[7],[11],[14] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11% | [1],[7],[11],[14] | 10.23% | [2],[10],[12],[13] | |
Principal amount | $ 11,220 | [1],[7],[14] | $ 11,364 | [2],[10],[12] | |
Cost | 11,144 | [1],[7],[14] | 11,270 | [2],[10],[12] | |
Total investments | $ 10,934 | [1],[7],[14] | $ 11,006 | [2],[10],[12] | |
Investment, Identifier [Axis]: OB Hospitalist Group, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.50% | [1],[6],[7],[11] | 5.50% | [2],[10],[13],[15] | |
Total Coupon/Interest Rate | 10.96% | [1],[6],[7],[11] | 10.17% | [2],[10],[13],[15] | |
Principal amount | $ 574 | [1],[6],[7] | $ 515 | [2],[10],[15] | |
Cost | 574 | [1],[6],[7] | 512 | [2],[10],[15] | |
Total investments | $ 559 | [1],[6],[7] | 498 | [2],[10],[15] | |
Investment, Identifier [Axis]: OB Hospitalist Group, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 970 | |||
Cost | [10],[15] | (10) | |||
Total investments | [10],[15] | $ (31) | |||
Percent of Net Assets | [10],[15] | (0.01%) | |||
Investment, Identifier [Axis]: OEConnection LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 7% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 11.42% | |||
Principal amount | [2],[10],[12] | $ 7,360 | |||
Cost | [2],[10],[12] | 7,297 | |||
Total investments | [2],[10],[12] | $ 7,134 | |||
Percent of Net Assets | [2],[10],[12] | 0.94% | |||
Investment, Identifier [Axis]: OEConnection LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 7% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 12.46% | |||
Principal amount | [1],[7],[14] | $ 7,360 | |||
Cost | [1],[7],[14] | 7,308 | |||
Total investments | [1],[7],[14] | $ 7,360 | |||
Percent of Net Assets | [1],[7],[14] | 0.85% | |||
Investment, Identifier [Axis]: Ocala Bidco, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13],[16] | 3.50% | |||
PIK | [2],[10],[12],[13],[16] | 2.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13],[16] | 10.95% | |||
Principal amount | $ 1,630 | [1],[6],[7] | $ 15,635 | [2],[10],[12],[16] | |
Cost | 0 | [1],[6],[7] | 15,466 | [2],[10],[12],[16] | |
Total investments | $ 0 | [1],[6],[7] | $ 15,455 | [2],[10],[12],[16] | |
Percent of Net Assets | 0% | [1],[6],[7] | 2.04% | [2],[10],[12],[16] | |
Investment, Identifier [Axis]: Ocala Bidco, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 3.50% | |||
PIK | [1],[7],[11],[14] | 2.75% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.72% | |||
Principal amount | [1],[7],[14] | $ 16,114 | |||
Cost | [1],[7],[14] | 15,969 | |||
Total investments | [1],[7],[14] | $ 16,114 | |||
Percent of Net Assets | [1],[7],[14] | 1.86% | |||
Investment, Identifier [Axis]: Ocala Bidco, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 1,630 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (19) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Oranje Holdco, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,807 | |||
Cost | [1],[6],[7] | (19) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Oranje Holdco, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 7.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 12.88% | |||
Principal amount | [1],[7] | $ 14,453 | |||
Cost | [1],[7] | 14,293 | |||
Total investments | [1],[7] | $ 14,454 | |||
Percent of Net Assets | [1],[7] | 1.67% | |||
Investment, Identifier [Axis]: PDQ.com Corporation - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 458 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: PDQ.com Corporation - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 2,458 | |||
Cost | [1],[6],[7] | (9) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: PDQ.com Corporation First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.75% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.18% | |||
Principal amount | [1],[7],[14] | $ 704 | |||
Cost | [1],[7],[14] | 698 | |||
Total investments | [1],[7],[14] | $ 704 | |||
Investment, Identifier [Axis]: PDQ.com Corporation, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.21% | [1],[7],[11] | 4.75% | [2],[10],[13] | |
Total Coupon/Interest Rate | 10.66% | [1],[7],[11] | 9.43% | [2],[10],[13] | |
Principal amount | $ 13,225 | [1],[7] | $ 13,360 | [2],[10] | |
Cost | 13,181 | [1],[7] | 13,306 | [2],[10] | |
Total investments | $ 13,225 | [1],[7] | $ 13,046 | [2],[10] | |
Investment, Identifier [Axis]: PDQ.com Corporation, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.21% | [1],[7],[11] | 4.75% | [2],[10],[13] | |
Total Coupon/Interest Rate | 10.66% | [1],[7],[11] | 9.43% | [2],[10],[13] | |
Principal amount | $ 9,060 | [1],[7] | $ 9,152 | [2],[10] | |
Cost | 9,029 | [1],[7] | 9,115 | [2],[10] | |
Total investments | 9,060 | [1],[7] | 8,937 | [2],[10] | |
Investment, Identifier [Axis]: PDQ.com Corporation, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 2,206 | |||
Cost | [10],[15] | (9) | |||
Total investments | [10],[15] | $ (52) | |||
Percent of Net Assets | [10],[15] | (0.01%) | |||
Investment, Identifier [Axis]: PPV Intermediate Holdings, LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 5,964 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 6% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 11.36% | |||
Principal amount | [1],[14] | $ 7,373 | |||
Cost | [1],[14] | 7,300 | |||
Total investments | [1],[14] | $ 7,375 | |||
Percent of Net Assets | [1],[14] | 0.85% | |||
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First Lien -Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6] | $ 962 | |||
Cost | [1],[6] | 0 | |||
Total investments | [1],[6] | 0 | |||
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First Lien -Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6] | 962 | |||
Cost | [1],[6] | (9) | |||
Total investments | [1],[6] | 0 | |||
Investment, Identifier [Axis]: Pioneer Buyer I, LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 2,045 | |||
Cost | [1],[6],[7] | (13) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Pioneer Buyer I, LLC , First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
PIK | [1],[7],[11] | 7% | |||
Investment, Identifier [Axis]: Pioneer Buyer I, LLC , First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
PIK | [1],[7],[11] | 7% | |||
Investment, Identifier [Axis]: Pioneer Buyer I, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
PIK | [2],[10],[13],[16] | 7% | |||
Total Coupon/Interest Rate | 12.35% | [1],[7],[11] | 11.73% | [2],[10],[13],[16] | |
Principal amount | $ 14,048 | [1],[7] | $ 12,457 | [2],[10],[16] | |
Cost | 13,965 | [1],[7] | 12,359 | [2],[10],[16] | |
Total investments | $ 14,048 | [1],[7] | $ 12,295 | [2],[10],[16] | |
Investment, Identifier [Axis]: Pioneer Buyer I, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
PIK | [2],[10],[13],[16] | 7% | |||
Total Coupon/Interest Rate | 12.35% | [1],[7],[11] | 11.73% | [2],[10],[13],[16] | |
Principal amount | $ 1,925 | [1],[7] | $ 1,707 | [2],[10],[16] | |
Cost | 1,914 | [1],[7] | 1,693 | [2],[10],[16] | |
Total investments | 1,925 | [1],[7] | 1,685 | [2],[10],[16] | |
Investment, Identifier [Axis]: Pioneer Buyer I, LLC, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | 2,045 | ||||
Cost | (17) | ||||
Total investments | $ (27) | ||||
Percent of Net Assets | (0.00%) | ||||
Investment, Identifier [Axis]: Power Grid Holdings, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 1,435 | |||
Cost | [1],[6],[7] | (14) | |||
Total investments | [1],[6],[7] | $ (14) | |||
Percent of Net Assets | [1],[6],[7] | (0.00%) | |||
Investment, Identifier [Axis]: Power Grid Holdings, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 4.75% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.14% | |||
Principal amount | [1],[7],[14] | $ 6,407 | |||
Cost | [1],[7],[14] | 6,342 | |||
Total investments | [1],[7],[14] | $ 6,343 | |||
Investment, Identifier [Axis]: Power Grid Holdings, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 4.75% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 10.12% | |||
Principal amount | [1],[6],[7] | $ 76 | |||
Cost | [1],[6],[7] | 75 | |||
Total investments | [1],[6],[7] | $ 75 | |||
Investment, Identifier [Axis]: Project Alpha Intermediate Holding, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 4.75% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 10.11% | |||
Principal amount | [1],[14] | $ 6,500 | |||
Cost | [1],[14] | 6,372 | |||
Total investments | [1],[14] | $ 6,554 | |||
Percent of Net Assets | [1],[14] | 0.76% | |||
Investment, Identifier [Axis]: Project Essential Bidco, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.99% | |||
Principal amount | $ 2,241 | [1],[6],[7] | $ 17,208 | [2],[10],[12] | |
Cost | (11) | [1],[6],[7] | 17,088 | [2],[10],[12] | |
Total investments | $ (168) | [1],[6],[7] | $ 16,678 | [2],[10],[12] | |
Percent of Net Assets | (0.02%) | [1],[6],[7] | 2.20% | [2],[10],[12] | |
Investment, Identifier [Axis]: Project Essential Bidco, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 3% | |||
PIK | [1],[7],[11],[14] | 3.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.78% | |||
Principal amount | [1],[7],[14] | $ 17,393 | |||
Cost | [1],[7],[14] | 17,291 | |||
Total investments | [1],[7],[14] | $ 16,089 | |||
Percent of Net Assets | [1],[7],[14] | 1.86% | |||
Investment, Identifier [Axis]: Project Essential Bidco, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 2,241 | |||
Cost | [10],[15] | (14) | |||
Total investments | [10],[15] | $ (69) | |||
Percent of Net Assets | [10],[15] | (0.01%) | |||
Investment, Identifier [Axis]: Project Power Buyer, LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 120 | |||
Cost | [1],[6],[7] | (1) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Project Power Buyer, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 7% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 12.35% | |||
Principal amount | [1],[7] | $ 2,309 | |||
Cost | [1],[7] | 2,284 | |||
Total investments | [1],[7] | $ 2,309 | |||
Percent of Net Assets | [1],[7] | 0.27% | |||
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 2,275 | |||
Cost | [1],[6],[7] | (33) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 5.50% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 10.23% | |||
Principal amount | [2],[10] | $ 19,634 | |||
Cost | [2],[10] | 19,416 | |||
Total investments | [2],[10] | $ 19,074 | |||
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 5.50% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 10.23% | |||
Principal amount | [2],[10] | $ 10,450 | |||
Cost | [2],[10] | 10,358 | |||
Total investments | [2],[10] | $ 10,152 | |||
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5.50% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.23% | |||
Principal amount | [2],[10],[15] | $ 449 | |||
Cost | [2],[10],[15] | 448 | |||
Total investments | [2],[10],[15] | 437 | |||
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 514 | |||
Cost | [10],[15] | (5) | |||
Total investments | [10],[15] | $ (15) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 11% | |||
Principal amount | [1],[7] | $ 19,435 | |||
Cost | [1],[7] | 19,254 | |||
Total investments | [1],[7] | $ 19,435 | |||
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 11% | |||
Principal amount | [1],[7] | $ 10,345 | |||
Cost | [1],[7] | 10,265 | |||
Total investments | [1],[7] | $ 10,345 | |||
Investment, Identifier [Axis]: Quartz Holding Company | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 8% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 12.38% | |||
Principal amount | [2],[10],[12] | $ 3,000 | |||
Cost | [2],[10],[12] | 2,989 | |||
Total investments | [2],[10],[12] | $ 2,941 | |||
Percent of Net Assets | [2],[10],[12] | 0.39% | |||
Investment, Identifier [Axis]: Quartz Holding Company, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 8% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 13.46% | |||
Principal amount | [1],[7],[14] | $ 3,000 | |||
Cost | [1],[7],[14] | 2,991 | |||
Total investments | [1],[7],[14] | $ 3,000 | |||
Percent of Net Assets | [1],[7],[14] | 0.35% | |||
Investment, Identifier [Axis]: RXB Holdings, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 4.50% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 8.72% | |||
Principal amount | [2],[10],[12] | $ 9,850 | |||
Cost | [2],[10],[12] | 9,830 | |||
Total investments | [2],[10],[12] | $ 9,358 | |||
Percent of Net Assets | [2],[10],[12] | 1.23% | |||
Investment, Identifier [Axis]: RXB Holdings, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 4.50% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 9.97% | |||
Principal amount | [1],[14] | $ 6,286 | |||
Cost | [1],[14] | 6,275 | |||
Total investments | [1],[14] | $ 6,274 | |||
Investment, Identifier [Axis]: RXB Holdings, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.61% | |||
Principal amount | [1],[7],[14] | $ 3,407 | |||
Cost | [1],[7],[14] | 3,330 | |||
Total investments | [1],[7],[14] | 3,407 | |||
Investment, Identifier [Axis]: Radwell Parent, LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 6.75% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 11.33% | |||
Principal amount | 225 | [1],[6],[7] | $ 3,755 | [2],[10] | |
Cost | (3) | [1],[6],[7] | 3,699 | [2],[10] | |
Total investments | $ 0 | [1],[6],[7] | $ 3,699 | [2],[10] | |
Percent of Net Assets | 0% | [1],[6],[7] | 0.49% | [2],[10] | |
Investment, Identifier [Axis]: Radwell Parent, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 6.75% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 12.10% | |||
Principal amount | [1],[7] | $ 3,717 | |||
Cost | [1],[7] | 3,668 | |||
Total investments | [1],[7] | $ 3,717 | |||
Investment, Identifier [Axis]: Radwell Parent, LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6.75% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 12.10% | |||
Principal amount | [1],[6],[7] | $ 56 | |||
Cost | [1],[6],[7] | 56 | |||
Total investments | [1],[6],[7] | $ 56 | |||
Investment, Identifier [Axis]: Radwell Parent, LLC, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 282 | |||
Cost | [10],[15] | (4) | |||
Total investments | [10],[15] | $ (2) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: RealPage, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[13] | 6.50% | |||
Total Coupon/Interest Rate | [2],[13] | 10.88% | |||
Principal amount | [2] | $ 13,612 | |||
Cost | [2] | 13,526 | |||
Total investments | [2] | $ 13,153 | |||
Percent of Net Assets | [2] | 1.73% | |||
Investment, Identifier [Axis]: RealPage, Inc., Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11] | 6.50% | |||
Total Coupon/Interest Rate | [1],[11] | 11.97% | |||
Principal amount | [1] | $ 13,612 | |||
Cost | [1] | 13,536 | |||
Total investments | [1] | $ 13,646 | |||
Percent of Net Assets | [1] | 1.58% | |||
Investment, Identifier [Axis]: Recorded Future, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,202 | |||
Cost | [1],[6],[7] | (5) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Recorded Future, Inc. First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.71% | |||
Principal amount | [1],[7],[14] | $ 7,350 | |||
Cost | [1],[7],[14] | 7,333 | |||
Total investments | [1],[7],[14] | $ 7,350 | |||
Investment, Identifier [Axis]: Recorded Future, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.98% | |||
Principal amount | [2],[10],[12] | $ 7,425 | |||
Cost | [2],[10],[12] | 7,398 | |||
Total investments | [2],[10],[12] | $ 7,363 | |||
Investment, Identifier [Axis]: Recorded Future, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.25% | [1],[7],[11],[14] | 5.25% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.71% | [1],[7],[11],[14] | 9.98% | [2],[10],[12],[13] | |
Principal amount | $ 5,700 | [1],[7],[14] | $ 5,758 | [2],[10],[12] | |
Cost | 5,680 | [1],[7],[14] | 5,726 | [2],[10],[12] | |
Total investments | $ 5,700 | [1],[7],[14] | $ 5,710 | [2],[10],[12] | |
Investment, Identifier [Axis]: Recorded Future, Inc., First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.25% | [1],[7],[11] | 5.25% | [2],[10],[13] | |
Total Coupon/Interest Rate | 10.71% | [1],[7],[11] | 9.98% | [2],[10],[13] | |
Principal amount | $ 4,063 | [1],[7] | $ 4,104 | [2],[10] | |
Cost | 4,038 | [1],[7] | 4,064 | [2],[10] | |
Total investments | $ 4,063 | [1],[7] | $ 4,070 | [2],[10] | |
Investment, Identifier [Axis]: Recorded Future, Inc., First Lien 4 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.25% | [1],[7],[11],[14] | 5.25% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.71% | [1],[7],[11],[14] | 9.98% | [2],[10],[12],[13] | |
Principal amount | $ 2,467 | [1],[7],[14] | $ 2,492 | [2],[10],[12] | |
Cost | 2,458 | [1],[7],[14] | 2,478 | [2],[10],[12] | |
Total investments | 2,467 | [1],[7],[14] | 2,471 | [2],[10],[12] | |
Investment, Identifier [Axis]: Recorded Future, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,202 | |||
Cost | [10],[15] | (8) | |||
Total investments | [10],[15] | $ (10) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Relativity ODA LLC | |||||
Schedule of Investments [Line Items] | |||||
PIK | [2],[10],[13] | 7.50% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 11.89% | |||
Principal amount | 1,061 | [1],[6],[7] | $ 12,146 | [2],[10] | |
Cost | (7) | [1],[6],[7] | 12,044 | [2],[10] | |
Total investments | $ 0 | [1],[6],[7] | $ 12,146 | [2],[10] | |
Percent of Net Assets | 0% | [1],[6],[7] | 1.60% | [2],[10] | |
Investment, Identifier [Axis]: Relativity ODA LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 6.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 11.96% | |||
Principal amount | [1],[7] | $ 12,414 | |||
Cost | [1],[7] | 12,332 | |||
Total investments | [1],[7] | $ 12,414 | |||
Percent of Net Assets | [1],[7] | 1.44% | |||
Investment, Identifier [Axis]: Relativity ODA LLC, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 1,061 | |||
Cost | [10],[15] | (10) | |||
Total investments | [10],[15] | $ 0 | |||
Percent of Net Assets | [10],[15] | 0% | |||
Investment, Identifier [Axis]: STATS Intermediate Holdings, LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[3],[12],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[3],[12],[13] | 9.90% | |||
Principal amount | [2],[3],[12] | $ 3,932 | |||
Cost | [2],[3],[12] | 3,932 | |||
Total investments | [2],[3],[12] | $ 3,632 | |||
Percent of Net Assets | [2],[3],[12] | 0.48% | |||
Investment, Identifier [Axis]: STATS Intermediate Holdings, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[8],[11],[14] | 5.25% | |||
Total Coupon/Interest Rate | [1],[8],[11],[14] | 10.88% | |||
Principal amount | [1],[8],[14] | $ 3,891 | |||
Cost | [1],[8],[14] | 3,891 | |||
Total investments | [1],[8],[14] | $ 3,799 | |||
Percent of Net Assets | [1],[8],[14] | 0.44% | |||
Investment, Identifier [Axis]: Safety Borrower Holdings LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 83 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Safety Borrower Holdings LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 4.25% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 12.75% | |||
Principal amount | [1],[6],[7] | $ 249 | |||
Cost | [1],[6],[7] | 249 | |||
Total investments | [1],[6],[7] | $ 249 | |||
Investment, Identifier [Axis]: Safety Borrower Holdings LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.75% | |||
Principal amount | [1],[7],[14] | $ 3,669 | |||
Cost | [1],[7],[14] | 3,656 | |||
Total investments | [1],[7],[14] | $ 3,669 | |||
Investment, Identifier [Axis]: Safety Borrower Holdings LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 10.41% | |||
Principal amount | [2],[10],[12] | $ 3,706 | |||
Cost | [2],[10],[12] | 3,691 | |||
Total investments | [2],[10],[12] | $ 3,645 | |||
Investment, Identifier [Axis]: Safety Borrower Holdings LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.25% | [1],[7],[11] | 5.25% | [2],[10],[13] | |
Total Coupon/Interest Rate | 10.75% | [1],[7],[11] | 10.41% | [2],[10],[13] | |
Principal amount | $ 819 | [1],[7] | $ 828 | [2],[10] | |
Cost | 817 | [1],[7] | 824 | [2],[10] | |
Total investments | $ 819 | [1],[7] | 814 | [2],[10] | |
Investment, Identifier [Axis]: Safety Borrower Holdings LLC, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 333 | |||
Cost | [10],[15] | (1) | |||
Total investments | [10],[15] | $ (5) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Sierra Enterprises, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[17] | 2.50% | |||
PIK | [1],[11],[17] | 4.25% | |||
Total Coupon/Interest Rate | [1],[11],[17] | 12.13% | |||
Principal amount | [1],[17] | $ 15,531 | |||
Cost | [1],[17] | 13,425 | |||
Total investments | [1],[17] | $ 14,405 | |||
Percent of Net Assets | [1],[17] | 1.67% | |||
Investment, Identifier [Axis]: Snap One Holdings Corp. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[3],[12],[13] | 4.50% | |||
Total Coupon/Interest Rate | [2],[3],[12],[13] | 8.88% | |||
Principal amount | [2],[3],[12] | $ 11,094 | |||
Cost | [2],[3],[12] | 11,046 | |||
Total investments | [2],[3],[12] | $ 10,206 | |||
Percent of Net Assets | [2],[3],[12] | 1.34% | |||
Investment, Identifier [Axis]: Snap One Holdings Corp., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 4.50% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 10% | |||
Principal amount | [1],[14] | $ 10,983 | |||
Cost | [1],[14] | 10,943 | |||
Total investments | [1],[14] | $ 10,763 | |||
Percent of Net Assets | [1],[14] | 1.24% | |||
Investment, Identifier [Axis]: SpecialtyCare, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.49% | |||
Principal amount | [2],[10],[12] | $ 2,861 | |||
Cost | [2],[10],[12] | 2,825 | |||
Total investments | [2],[10],[12] | $ 2,740 | |||
Investment, Identifier [Axis]: SpecialtyCare, Inc., First Lien-Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 4% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 8.29% | |||
Principal amount | [2],[10],[15] | $ 85 | |||
Cost | [2],[10],[15] | 85 | |||
Total investments | [2],[10],[15] | $ 81 | |||
Investment, Identifier [Axis]: SpecialtyCare, Inc., First Lien-Drawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 9.76% | |||
Principal amount | [2],[10],[15] | $ 22 | |||
Cost | [2],[10],[15] | 22 | |||
Total investments | [2],[10],[15] | 21 | |||
Investment, Identifier [Axis]: SpecialtyCare, Inc., First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 139 | |||
Cost | [10],[15] | (2) | |||
Total investments | [10],[15] | (6) | |||
Investment, Identifier [Axis]: SpecialtyCare, Inc., First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 246 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (10) | |||
Investment, Identifier [Axis]: Specialtycare, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 192 | |||
Cost | [1],[6],[7] | (3) | |||
Total investments | [1],[6],[7] | $ (7) | |||
Percent of Net Assets | [1],[6],[7] | (0.00%) | |||
Investment, Identifier [Axis]: Specialtycare, Inc., First Lien - Drawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 4% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 9.46% | |||
Principal amount | [1],[6],[7] | $ 31 | |||
Cost | [1],[6],[7] | 32 | |||
Total investments | [1],[6],[7] | $ 30 | |||
Investment, Identifier [Axis]: Specialtycare, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.75% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.41% | |||
Principal amount | [1],[7],[14] | $ 2,832 | |||
Cost | [1],[7],[14] | 2,802 | |||
Total investments | [1],[7],[14] | $ 2,718 | |||
Investment, Identifier [Axis]: Specialtycare, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.75% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 11.41% | |||
Principal amount | [1],[7] | $ 22 | |||
Cost | [1],[7] | 22 | |||
Total investments | [1],[7] | 21 | |||
Investment, Identifier [Axis]: Spring Education Group, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[12],[13] | 4% | |||
Total Coupon/Interest Rate | [2],[12],[13] | 8.73% | |||
Principal amount | [2],[12] | $ 2,429 | |||
Cost | [2],[12] | 2,046 | |||
Total investments | [2],[12] | $ 2,380 | |||
Percent of Net Assets | [2],[12] | 0.31% | |||
Investment, Identifier [Axis]: Sun Acquirer Corp. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 291 | |||
Cost | [1],[6],[7] | (3) | |||
Total investments | [1],[6],[7] | $ (5) | |||
Percent of Net Assets | [1],[6],[7] | (0.00%) | |||
Investment, Identifier [Axis]: Sun Acquirer Corp., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 10.13% | |||
Principal amount | [2],[10],[12] | $ 2,590 | |||
Cost | [2],[10],[12] | 2,571 | |||
Total investments | [2],[10],[12] | $ 2,547 | |||
Investment, Identifier [Axis]: Sun Acquirer Corp., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.75% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.22% | |||
Principal amount | [1],[6],[7] | $ 73 | |||
Cost | [1],[6],[7] | 74 | |||
Total investments | [1],[6],[7] | $ 71 | |||
Investment, Identifier [Axis]: Sun Acquirer Corp., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.75% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 11.22% | |||
Principal amount | [1],[7],[14] | $ 2,564 | |||
Cost | [1],[7],[14] | 2,548 | |||
Total investments | [1],[7],[14] | $ 2,521 | |||
Investment, Identifier [Axis]: Sun Acquirer Corp., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5.75% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 11.22% | |||
Principal amount | [1],[7] | $ 1,812 | |||
Cost | [1],[7] | 1,794 | |||
Total investments | [1],[7] | $ 1,782 | |||
Investment, Identifier [Axis]: Sun Acquirer Corp., First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5.75% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 10.13% | |||
Principal amount | [2],[10],[15] | $ 1,814 | |||
Cost | [2],[10],[15] | 1,794 | |||
Total investments | [2],[10],[15] | 1,784 | |||
Investment, Identifier [Axis]: Sun Acquirer Corp., First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 363 | |||
Cost | [10],[15] | (3) | |||
Total investments | [10],[15] | (6) | |||
Investment, Identifier [Axis]: Sun Acquirer Corp., First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 98 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (2) | |||
Investment, Identifier [Axis]: Syndigo LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 4.50% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 8.84% | |||
Principal amount | [2],[10],[12] | $ 19,650 | |||
Cost | [2],[10],[12] | 19,539 | |||
Total investments | [2],[10],[12] | $ 19,119 | |||
Investment, Identifier [Axis]: Syndigo LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 8% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 13.21% | |||
Principal amount | [2],[10] | $ 4,000 | |||
Cost | [2],[10] | 3,981 | |||
Total investments | [2],[10] | $ 3,745 | |||
Investment, Identifier [Axis]: Syndigo LLC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 4.50% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 9.97% | |||
Principal amount | [1],[7],[14] | $ 23,502 | |||
Cost | [1],[7],[14] | 23,188 | |||
Total investments | [1],[7],[14] | $ 23,502 | |||
Investment, Identifier [Axis]: Syndigo LLC., Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 8% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 13.48% | |||
Principal amount | [1],[7] | $ 4,000 | |||
Cost | [1],[7] | 3,978 | |||
Total investments | [1],[7] | $ 4,000 | |||
Investment, Identifier [Axis]: TMK Hawk Parent, Corp. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13] | 3.50% | |||
Total Coupon/Interest Rate | [2],[10],[13] | 8.26% | |||
Principal amount | [2],[10] | $ 2,487 | |||
Cost | [2],[10] | 1,566 | |||
Total investments | [2],[10] | $ 1,617 | |||
Percent of Net Assets | [2],[10] | 0.21% | |||
Investment, Identifier [Axis]: TMK Hawk Parent, Corp., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 3.50% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 9.14% | |||
Principal amount | [1],[7] | $ 2,468 | |||
Cost | [1],[7] | 2,054 | |||
Total investments | [1],[7] | $ 1,481 | |||
Investment, Identifier [Axis]: TMK Hawk Parent, Corp., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11] | 9.50% | |||
Total Coupon/Interest Rate | [1],[11] | 14.98% | |||
Principal amount | [1] | $ 157 | |||
Cost | [1] | 157 | |||
Total investments | [1] | $ 157 | |||
Investment, Identifier [Axis]: TRC Companies L.L.C. (fka Energize Holdco LLC) | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 6.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 11.13% | |||
Principal amount | [2],[10],[12] | $ 10,000 | |||
Cost | [2],[10],[12] | 9,955 | |||
Total investments | [2],[10],[12] | $ 9,419 | |||
Percent of Net Assets | [2],[10],[12] | 1.24% | |||
Investment, Identifier [Axis]: TRC Companies L.L.C. (fka Energize Holdco LLC), Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 6.75% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 12.22% | |||
Principal amount | [1],[7],[14] | $ 10,000 | |||
Cost | [1],[7],[14] | 9,960 | |||
Total investments | [1],[7],[14] | $ 9,698 | |||
Percent of Net Assets | [1],[7],[14] | 1.12% | |||
Investment, Identifier [Axis]: Tahoe Finco, LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[3],[10],[12],[13] | 6% | |||
Total Coupon/Interest Rate | [2],[3],[10],[12],[13] | 10.29% | |||
Principal amount | [2],[3],[10],[12] | $ 23,010 | |||
Cost | [2],[3],[10],[12] | 22,813 | |||
Total investments | [2],[3],[10],[12] | $ 22,639 | |||
Percent of Net Assets | [2],[3],[10],[12] | 2.98% | |||
Investment, Identifier [Axis]: Tahoe Finco, LLC, First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 1,726 | |||
Cost | [10],[15] | (14) | |||
Total investments | [10],[15] | $ (28) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Therapy Brands Holdings LLC | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 6.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 11.10% | |||
Principal amount | [2],[10],[12] | $ 6,000 | |||
Cost | [2],[10],[12] | 5,967 | |||
Total investments | [2],[10],[12] | $ 5,784 | |||
Percent of Net Assets | [2],[10],[12] | 0.76% | |||
Investment, Identifier [Axis]: Therapy Brands Holdings LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 6.75% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 12.22% | |||
Principal amount | [1],[7],[14] | $ 6,000 | |||
Cost | [1],[7],[14] | 5,971 | |||
Total investments | [1],[7],[14] | $ 5,693 | |||
Percent of Net Assets | [1],[7],[14] | 0.66% | |||
Investment, Identifier [Axis]: Thermostat Purchaser III, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 4.50% | [1],[7],[11],[14] | 4.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 10.04% | [1],[7],[11],[14] | 9.23% | [2],[10],[12],[13] | |
Principal amount | $ 18,665 | [1],[7],[14] | $ 18,856 | [2],[10],[12] | |
Cost | 18,632 | [1],[7],[14] | 18,816 | [2],[10],[12] | |
Total investments | $ 18,423 | [1],[7],[14] | $ 18,216 | [2],[10],[12] | |
Investment, Identifier [Axis]: Thermostat Purchaser III, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 4.50% | [1],[7],[11] | 4.50% | [2],[10],[13] | |
Total Coupon/Interest Rate | 10.04% | [1],[7],[11] | 9.23% | [2],[10],[13] | |
Principal amount | $ 3,357 | [1],[7] | $ 1,297 | [2],[10] | |
Cost | 3,348 | [1],[7] | 1,292 | [2],[10] | |
Total investments | 3,314 | [1],[7] | 1,253 | [2],[10] | |
Investment, Identifier [Axis]: Thermostat Purchaser III, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 3,145 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (107) | |||
Percent of Net Assets | [10],[15] | (0.02%) | |||
Investment, Identifier [Axis]: TigerConnect, Inc. - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 603 | |||
Cost | [1],[6],[7] | (4) | |||
Total investments | [1],[6],[7] | $ (5) | |||
Investment, Identifier [Axis]: TigerConnect, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | 3.38% | [1],[7],[11],[14] | 3.63% | [2],[10],[12],[13],[16] | |
PIK | 3.38% | [1],[7],[11],[14] | 3.63% | [2],[10],[12],[13],[16] | |
Total Coupon/Interest Rate | 12.28% | [1],[7],[11],[14] | 11.49% | [2],[10],[12],[13],[16] | |
Principal amount | $ 4,223 | [1],[7],[14] | $ 4,223 | [2],[10],[12],[16] | |
Cost | 4,192 | [1],[7],[14] | 4,185 | [2],[10],[12],[16] | |
Total investments | $ 4,187 | [1],[7],[14] | $ 4,121 | [2],[10],[12],[16] | |
Investment, Identifier [Axis]: TigerConnect, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11],[14] | 3.38% | |||
PIK | [1],[6],[7],[11],[14] | 3.38% | |||
Investment, Identifier [Axis]: TigerConnect, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Total Coupon/Interest Rate | [1],[6],[7],[11],[14] | 12.28% | |||
Principal amount | [1],[6],[7],[14] | $ 191 | |||
Cost | [1],[6],[7],[14] | 191 | |||
Total investments | [1],[6],[7],[14] | 190 | |||
Investment, Identifier [Axis]: TigerConnect, Inc., First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13],[15],[16] | 3.63% | |||
PIK | [2],[10],[12],[13],[15],[16] | 3.63% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13],[15],[16] | 11.49% | |||
Principal amount | [2],[10],[12],[15],[16] | $ 39 | |||
Cost | [2],[10],[12],[15],[16] | 39 | |||
Total investments | [2],[10],[12],[15],[16] | 38 | |||
Investment, Identifier [Axis]: TigerConnect, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 603 | |||
Cost | [10],[15] | (5) | |||
Total investments | [10],[15] | (14) | |||
Investment, Identifier [Axis]: TigerConnect, Inc., First lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[12],[15] | 135 | |||
Cost | [10],[12],[15] | 0 | |||
Total investments | [10],[12],[15] | $ (3) | |||
Investment, Identifier [Axis]: TigerConnect, Inc.. - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7],[14] | 125 | |||
Cost | [1],[6],[7],[14] | 0 | |||
Total investments | [1],[6],[7],[14] | (1) | |||
Investment, Identifier [Axis]: Trident Bidco Limited, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.07% | |||
Principal amount | [2],[10],[12] | $ 10,668 | |||
Cost | [2],[10],[12] | 10,569 | |||
Total investments | [2],[10],[12] | $ 10,437 | |||
Investment, Identifier [Axis]: Trident Bidco Limited, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 9.07% | |||
Principal amount | [2],[10],[12] | $ 1,906 | |||
Cost | [2],[10],[12] | 1,889 | |||
Total investments | [2],[10],[12] | $ 1,866 | |||
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corporation - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 382 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corporation - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 484 | |||
Cost | [1],[6],[7] | (3) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corporation, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11],[14] | 5.25% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.29% | [1],[7],[11],[14] | 10.18% | [2],[10],[12],[13] | |
Principal amount | $ 4,966 | [1],[7],[14] | $ 4,966 | [2],[10],[12] | |
Cost | 4,934 | [1],[7],[14] | 4,926 | [2],[10],[12] | |
Total investments | $ 4,966 | [1],[7],[14] | $ 4,926 | [2],[10],[12] | |
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corporation, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.75% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.19% | |||
Principal amount | [1],[6],[7] | $ 1,314 | |||
Cost | [1],[6],[7] | 1,305 | |||
Total investments | [1],[6],[7] | 1,314 | |||
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corporation, First Lien-Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5.25% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 9.40% | |||
Principal amount | [2],[10],[15] | $ 933 | |||
Cost | [2],[10],[15] | 925 | |||
Total investments | [2],[10],[15] | 925 | |||
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corporation, First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 484 | |||
Cost | [10],[15] | (4) | |||
Total investments | [10],[15] | (4) | |||
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corporation, First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 763 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (6) | |||
Investment, Identifier [Axis]: USRP Holdings, Inc. - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 288 | |||
Cost | [1],[6],[7] | (2) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: USRP Holdings, Inc. - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,119 | |||
Cost | [1],[6],[7] | (20) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: USRP Holdings, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.75% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 11.18% | |||
Principal amount | [1],[6],[7] | $ 393 | |||
Cost | [1],[6],[7] | 406 | |||
Total investments | [1],[6],[7] | $ 393 | |||
Investment, Identifier [Axis]: USRP Holdings, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11],[14] | 5.50% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 11.18% | [1],[7],[11],[14] | 10.23% | [2],[10],[12],[13] | |
Principal amount | $ 3,624 | [1],[7],[14] | $ 3,652 | [2],[10],[12] | |
Cost | 3,600 | [1],[7],[14] | 3,623 | [2],[10],[12] | |
Total investments | $ 3,624 | [1],[7],[14] | $ 3,533 | [2],[10],[12] | |
Investment, Identifier [Axis]: USRP Holdings, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11] | 5.50% | [2],[10],[13] | |
Total Coupon/Interest Rate | 11.18% | [1],[7],[11] | 10.23% | [2],[10],[13] | |
Principal amount | $ 472 | [1],[7] | $ 475 | [2],[10] | |
Cost | 469 | [1],[7] | 472 | [2],[10] | |
Total investments | $ 472 | [1],[7] | 460 | [2],[10] | |
Investment, Identifier [Axis]: USRP Holdings, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 288 | |||
Cost | [10],[15] | (2) | |||
Total investments | [10],[15] | $ (9) | |||
Percent of Net Assets | [10],[15] | (0.00%) | |||
Investment, Identifier [Axis]: Vectra Co. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[12],[13] | 3.25% | |||
Total Coupon/Interest Rate | [2],[12],[13] | 7.63% | |||
Principal amount | [2],[12] | $ 1,366 | |||
Cost | [2],[12] | 1,248 | |||
Total investments | [2],[12] | $ 1,087 | |||
Percent of Net Assets | [2],[12] | 0.14% | |||
Investment, Identifier [Axis]: Virtusa Corporation | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[13] | 7.13% | |||
Total Coupon/Interest Rate | [2],[13] | 7.13% | |||
Principal amount | [2] | $ 1,370 | |||
Cost | [2] | 1,044 | |||
Total investments | [2] | $ 1,046 | |||
Percent of Net Assets | [2] | 0.14% | |||
Investment, Identifier [Axis]: Virtusa Corporation, Subordinated | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11] | 7.13% | |||
Total Coupon/Interest Rate | [1],[11] | 7.13% | |||
Principal amount | [1] | $ 1,370 | |||
Cost | [1] | 1,083 | |||
Total investments | [1] | $ 1,177 | |||
Percent of Net Assets | [1] | 0.14% | |||
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC (fka TA/WEG Holdings, LLC), First lien - Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 1,420 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | (9) | |||
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC (fka TA/WEG Holdings, LLC), First lien - Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 516 | |||
Cost | [10],[15] | (1) | |||
Total investments | [10],[15] | $ (3) | |||
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[6],[7],[11] | 6% | [2],[10],[13],[15] | |
Total Coupon/Interest Rate | 11.20% | [1],[6],[7],[11] | 10.41% | [2],[10],[13],[15] | |
Principal amount | $ 2,274 | [1],[6],[7] | $ 1,275 | [2],[10],[15] | |
Cost | 2,269 | [1],[6],[7] | 1,272 | [2],[10],[15] | |
Total investments | 2,273 | [1],[6],[7] | $ 1,267 | [2],[10],[15] | |
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien -Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 408 | |||
Cost | [1],[6],[7] | 0 | |||
Total investments | [1],[6],[7] | 0 | |||
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien -Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 516 | |||
Cost | [1],[6],[7] | (1) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11] | 6% | [2],[10],[13] | |
Total Coupon/Interest Rate | 11.23% | [1],[7],[11] | 9.41% | [2],[10],[13] | |
Principal amount | $ 18,304 | [1],[7] | $ 18,491 | [2],[10] | |
Cost | 18,220 | [1],[7] | 18,390 | [2],[10] | |
Total investments | $ 18,304 | [1],[7] | $ 18,373 | [2],[10] | |
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11] | 6% | [2],[10],[13] | |
Total Coupon/Interest Rate | 11.11% | [1],[7],[11] | 10.46% | [2],[10],[13] | |
Principal amount | $ 5,835 | [1],[7] | $ 4,960 | [2],[10] | |
Cost | 5,825 | [1],[7] | 4,941 | [2],[10] | |
Total investments | $ 5,835 | [1],[7] | $ 4,928 | [2],[10] | |
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 5.75% | [1],[7],[11] | 6% | [2],[10],[13] | |
Total Coupon/Interest Rate | 11.23% | [1],[7],[11] | 10% | [2],[10],[13] | |
Principal amount | $ 4,910 | [1],[7] | $ 5,894 | [2],[10] | |
Cost | 4,894 | [1],[7] | 5,882 | [2],[10] | |
Total investments | 4,910 | [1],[7] | $ 5,857 | [2],[10] | |
Investment, Identifier [Axis]: Xactly Corporation | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 551 | |||
Cost | [1],[6],[7] | (9) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Xactly Corporation, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | 7.25% | [1],[7],[11] | 7.25% | [2],[10],[13] | |
Total Coupon/Interest Rate | 12.74% | [1],[7],[11] | 11.99% | [2],[10],[13] | |
Principal amount | $ 9,449 | [1],[7] | $ 9,449 | [2],[10] | |
Cost | 9,269 | [1],[7] | 9,351 | [2],[10] | |
Total investments | $ 9,449 | [1],[7] | $ 9,449 | [2],[10] | |
Percent of Net Assets | [1],[7] | 1.09% | |||
Investment, Identifier [Axis]: Xactly Corporation, First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 7.25% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 11.70% | |||
Principal amount | [2],[10],[15] | $ 551 | |||
Cost | [2],[10],[15] | 545 | |||
Total investments | [2],[10],[15] | $ 551 | |||
Investment, Identifier [Axis]: YLG Holdings, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 5% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 9.90% | |||
Principal amount | $ 2,430 | [1],[6],[7] | $ 1,531 | [2],[10],[15] | |
Cost | 0 | [1],[6],[7] | 1,517 | [2],[10],[15] | |
Total investments | $ 0 | [1],[6],[7] | $ 1,491 | [2],[10],[15] | |
Percent of Net Assets | 0% | [1],[6],[7] | 0.20% | [2],[10],[15] | |
Investment, Identifier [Axis]: YLG Holdings, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11] | 5% | |||
Total Coupon/Interest Rate | [1],[7],[11] | 10.48% | |||
Principal amount | [1],[7] | $ 3,727 | |||
Cost | [1],[7] | 3,713 | |||
Total investments | [1],[7] | $ 3,727 | |||
Investment, Identifier [Axis]: YLG Holdings, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 5.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 10.99% | |||
Principal amount | [1],[6],[7] | $ 248 | |||
Cost | [1],[6],[7] | 240 | |||
Total investments | [1],[6],[7] | 248 | |||
Investment, Identifier [Axis]: YLG Holdings, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | $ 4,901 | |||
Cost | [10],[15] | 0 | |||
Total investments | [10],[15] | $ (128) | |||
Percent of Net Assets | [10],[15] | (0.02%) | |||
Investment, Identifier [Axis]: Zone Climate Services, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | 4,012 | |||
Cost | [1],[6],[7] | (40) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | 0% | |||
Investment, Identifier [Axis]: Zone Climate Services, Inc. First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[12],[13] | 4.75% | |||
Total Coupon/Interest Rate | [2],[10],[12],[13] | 8.62% | |||
Principal amount | [2],[10],[12] | $ 27,963 | |||
Cost | [2],[10],[12] | 27,709 | |||
Total investments | [2],[10],[12] | $ 27,516 | |||
Investment, Identifier [Axis]: Zone Climate Services, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[10],[13],[15] | 4.75% | |||
Total Coupon/Interest Rate | [2],[10],[13],[15] | 9.47% | |||
Principal amount | [2],[10],[15] | $ 1,795 | |||
Cost | [2],[10],[15] | 1,784 | |||
Total investments | [2],[10],[15] | 1,767 | |||
Investment, Identifier [Axis]: Zone Climate Services, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[7],[11],[14] | 5.25% | |||
Total Coupon/Interest Rate | [1],[7],[11],[14] | 10.80% | |||
Principal amount | [1],[7],[14] | $ 27,682 | |||
Cost | [1],[7],[14] | 27,463 | |||
Total investments | [1],[7],[14] | $ 27,610 | |||
Investment, Identifier [Axis]: Zone Climate Services, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 4.50% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 13% | |||
Principal amount | [1],[6],[7] | $ 385 | |||
Cost | [1],[6],[7] | 396 | |||
Total investments | [1],[6],[7] | $ 385 | |||
Investment, Identifier [Axis]: Zone Climate Services, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 2,601 | |||
Cost | [10],[15] | (27) | |||
Total investments | [10],[15] | $ (42) | |||
Percent of Net Assets | [10],[15] | (0.01%) | |||
Investment, Identifier [Axis]: eResearchTechnology, Inc. | |||||
Schedule of Investments [Line Items] | |||||
Spread | [2],[12],[13] | 4.50% | |||
Total Coupon/Interest Rate | [2],[12],[13] | 8.88% | |||
Principal amount | [2],[12] | $ 4,912 | |||
Cost | [2],[12] | 4,912 | |||
Total investments | [2],[12] | $ 4,363 | |||
Percent of Net Assets | [2],[12] | 0.57% | |||
Investment, Identifier [Axis]: eResearchTechnology, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[11],[14] | 4.50% | |||
Total Coupon/Interest Rate | [1],[11],[14] | 9.97% | |||
Principal amount | [1],[14] | $ 2,453 | |||
Cost | [1],[14] | 2,453 | |||
Total investments | [1],[14] | $ 2,454 | |||
Percent of Net Assets | [1],[14] | 0.28% | |||
Investment, Identifier [Axis]: iCIMS, Inc. - First Lien Undrawn 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7],[14] | $ 4,177 | |||
Cost | [1],[6],[7],[14] | 0 | |||
Total investments | [1],[6],[7],[14] | $ 0 | |||
Percent of Net Assets | [1],[6],[7],[14] | ||||
Investment, Identifier [Axis]: iCIMS, Inc. - First Lien Undrawn 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [1],[6],[7] | $ 1,558 | |||
Cost | [1],[6],[7] | (14) | |||
Total investments | [1],[6],[7] | $ 0 | |||
Percent of Net Assets | [1],[6],[7] | ||||
Investment, Identifier [Axis]: iCIMS, Inc., First Lien - Drawn | |||||
Schedule of Investments [Line Items] | |||||
Spread | [1],[6],[7],[11] | 6.75% | |||
Total Coupon/Interest Rate | [1],[6],[7],[11] | 12.10% | |||
Principal amount | [1],[6],[7] | $ 312 | |||
Cost | [1],[6],[7] | 313 | |||
Total investments | [1],[6],[7] | $ 312 | |||
Investment, Identifier [Axis]: iCIMS, Inc., First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 3.38% | [1],[7],[11],[14] | 3.38% | [2],[10],[12],[13] | |
PIK | 3.88% | [1],[7],[11],[14] | 3.88% | [2],[10],[12],[13] | |
Total Coupon/Interest Rate | 12.62% | [1],[7],[11],[14] | 11.52% | [2],[10],[12],[13] | |
Principal amount | $ 20,430 | [1],[7],[14] | $ 19,638 | [2],[10],[12] | |
Cost | 20,293 | [1],[7],[14] | 19,474 | [2],[10],[12] | |
Total investments | $ 20,579 | [1],[7],[14] | $ 19,467 | [2],[10],[12] | |
Investment, Identifier [Axis]: iCIMS, Inc., First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Spread | 7.25% | [1],[7],[11] | 7.25% | [2],[10],[13] | |
Total Coupon/Interest Rate | 12.62% | [1],[7],[11] | 11.52% | [2],[10],[13] | |
Principal amount | $ 5,126 | [1],[7] | $ 5,126 | [2],[10] | |
Cost | 5,088 | [1],[7] | 5,082 | [2],[10] | |
Total investments | $ 5,177 | [1],[7] | 5,087 | [2],[10] | |
Investment, Identifier [Axis]: iCIMS, Inc., First lien - Undrawn | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[15] | 1,870 | |||
Cost | [10],[15] | (15) | |||
Total investments | [10],[15] | (16) | |||
Investment, Identifier [Axis]: iCIMS, Inc., First lien 3 | |||||
Schedule of Investments [Line Items] | |||||
Principal amount | [10],[12],[15] | 5,216 | |||
Cost | [10],[12],[15] | 0 | |||
Total investments | [10],[12],[15] | $ 0 | |||
[1] NMF SLF I, Inc. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act. NMF SLF I, Inc. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act. As of December 31, 2023, equity and other investments made up less than 0.01% of total investments. As of December 31, 2022, equity and other investments made up less than 0.01% of total investments. Par value amounts represent the drawn or undrawn (as indicated in type of investment) portion of revolving credit facilities or delayed draws. Cost amounts represent the cash received at settlement date net of the impact of paydowns and cash paid for drawn revolvers or delayed draws. The fair value of the Company's investment is determined using unobservable inputs that are significant to the overall fair value measurement. See Note 4. Fair Value, for details. The Company holds investments in Pioneer Topco I, L.P. and a wholly-owned subsidiary of Pioneer Topco I, L.P. The Company holds a first lien term loan and a first lien revolver in Pioneer Buyer I, LLC, and common equity in Pioneer Topco I, L.P. The fair value of the Company's investment is determined using unobservable inputs that are significant to the overall fair value measurement. See Note 4. Fair Value, for details. All interest is payable in cash unless otherwise indicated. A majority of the variable rate debt investments bear interest at a rate that may be determined by reference to the Prime Rate (P), the Secured Overnight Financing Rate (SOFR) and the alternative base rate (Base) and which resets monthly (M), quarterly (Q), semi-annually (S) or annually (A). For each investment the current interest rate provided reflects the rate in effect as of December 31, 2023. Investment is pledged as collateral for the Wells Credit Facility, a revolving credit facility among the Investment Adviser as collateral manager, NMF SLF I SPV, L.L.C. ("SLF I SPV") as the borrower, the Company as equity holder and seller, Wells Fargo Bank, National Association as the administrative agent, and collateral custodian and each of the lenders from time to time thereto. See Note 6. Borrowings Investment is pledged as collateral for the Wells Credit Facility, a revolving credit facility among the Investment Adviser as collateral manager, NMF SLF I SPV, L.L.C. ("SLF I SPV") as the borrower, the Company as equityholder and seller, Wells Fargo Bank, National Association as the administrative agent, and collateral custodian and each of the lenders from time to time thereto. See Note 6. Borrowings Par value amounts represent the drawn or undrawn (as indicated in type of investment) portion of revolving credit facilities or delayed draws. Cost amounts represent the cash received at settlement date net of the impact of paydowns and cash paid for drawn revolvers or delayed draws. |
Consolidated Schedule of Inve_2
Consolidated Schedule of Investments (Parenthetial) | Dec. 31, 2023 | Dec. 31, 2022 |
Schedule of Investments [Abstract] | ||
Percentage of total assets at fair value considered non-qualifying (as a percent) | 2.18% | 5.25% |
Formation and Business Purpose
Formation and Business Purpose | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Formation and Business Purpose | Formation and Business Purpose NMF SLF I, Inc. (the "Company") is a Maryland corporation formed on January 23, 2019. The Company is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). The Company has elected to be treated for U.S. federal income tax purposes, and intends to qualify annually thereafter, as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). New Mountain Finance Advisers BDC, L.L.C. (the "Investment Adviser") is a wholly-owned subsidiary of New Mountain Capital Group, L.P. (together with New Mountain Capital, L.L.C. and its affiliates, "New Mountain Capital") whose ultimate owners include Steven B. Klinsky, other current and former New Mountain Capital professionals and related vehicles and a minority owner. New Mountain Capital is a global investment firm with approximately $50 billion assets under management and a track record of investing in the middle market. New Mountain Capital focuses on investing in defensive growth companies across its private equity, credit and net lease investment strategies. The Investment Adviser manages the Company's day-to-day operations and provides it with investment advisory and management services. The Investment Adviser also manages other funds that may have investment mandates that are similar, in whole or in part, to the Company's. New Mountain Finance Administration, L.L.C. (the "Administrator"), a wholly-owned subsidiary of New Mountain Capital, provides the administrative services necessary to conduct the Company's day-to-day operations. The Administrator has hired a third-party sub-administrator to assist with the provision of administrative services. The Company conducted a private offering (the "Private Offering") of its common stock to investors in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). At the closing of any Private Offering, each investor will make a capital commitment (a "Capital Commitment") to purchase common stock pursuant to a subscription agreement entered into with the Company. Each investor will be required to make capital contributions to purchase the Company's common stock each time a drawdown notice is issued based on such investor's Capital Commitment. The Company commenced its loan origination and investment activities on the date it issued shares to persons not affiliated with the Investment Adviser (the "Initial Closing Date"), which occurred on February 18, 2020 (the "Initial Closing Date").The Company may conduct subsequent closings at times during its investment period (the "Investment Period"), which commenced on the Initial Closing Date and initially continued until September 30, 2023, subject to automatic extensions thereafter, each for an additional one year period, unless the holders of a majority of the Company's outstanding common stock elect to forego any such extension upon not less than ninety days prior written notice. Effective September 30, 2023, the Investment Period was automatically extended for an additional one year period to September 30, 2024. Pursuant to the subscription agreement entered into with each investor, the Company shall commence the wind up of operations two years following the expiration of the Investment Period, subject to additional extensions, each for an additional one year period, upon approval of the holders of a majority of the Company's then outstanding common stock. On December 9, 2020, the Company established NMF SLF I SPV, L.L.C. ("SLF I SPV") as a wholly-owned direct subsidiary, whose assets are used to secure SLF I SPV's credit facility. On October 6, 2022, the Company established NMF SLF I Opportunistic SPV, L.L.C. ("SLF I Opportunistic SPV") as a wholly-owned direct subsidiary. As of December 31, 2023 and December 31, 2022, there were no assets in SLF I Opportunistic SPV. The Company is focused on providing direct lending solutions to U.S. upper middle market companies backed by top private equity sponsors. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of senior secured loans and select junior capital positions, to growing businesses in defensive industries that offer attractive risk-adjusted returns. The Company’s differentiated investment approach leverages the deep sector knowledge and operating resources of New Mountain Capital. The Company primarily invests in senior secured debt of U.S. sponsor-backed, middle market companies. We define middle market companies as those businesses with annual earnings before interest, taxes, depreciation, and amortization ("EBITDA") between $10,000 and $200,000. The Company focuses on defensive growth businesses that generally exhibit the following characteristics: (i) acyclicality, (ii) sustainable secular growth drivers, (iii) niche market dominance and high barriers to competitive entry, (iv) recurring revenue and strong free cash flow, (v) flexible cost structures and (vi) seasoned management teams. Senior secured loans may include traditional first lien loans or unitranche loans. The Company invests a significant portion of its portfolio in unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first-lien position. Because unitranche loans combine characteristics of senior and subordinated debt, they have risks similar to the |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Basis of accounting —The Company's consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States. ("GAAP"). The Company is an investment company following accounting and reporting guidance in Accounting Standards Codification Topic 946, Financial Services — Investment Companies ("ASC 946"). The Company consolidates its wholly-owned direct subsidiary SLF I SPV. The Company's consolidated financial statements reflect all adjustments and reclassifications which, in the opinion of management, are necessary for the fair presentation of the results of operations and financial condition for the period(s) presented. The Company's consolidated financial statements have eliminated all intercompany transactions. Revenues are recognized when earned and expenses when incurred. The financial results of the Company's portfolio investments are not consolidated in the financial statements. The Company's consolidated financial statements are prepared in accordance with GAAP and pursuant to the requirements for reporting on Form 10-K and Article 6 of Regulation S-X. Investments —The Company applies fair value accounting in accordance with GAAP. Fair value is the amount 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. Investments are reflected on the Company's Consolidated Statements of Assets and Liabilities at fair value, with changes in unrealized gains and losses resulting from changes in fair value reflected in the Company's Consolidated Statements of Operations as "Net change in unrealized appreciation (depreciation) of investments" and realizations on portfolio investments reflected in the Company's Consolidated Statements of Operations as "Net realized (losses) gains on investments". The Company's underlying assets are considered, for purposes of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and any regulations promulgated thereunder, and Section 4975 of the Code, to be assets of certain employee benefit plans and other plans that purchase shares. Under such circumstances, the Company's investments and the activities of the Investment Adviser are subject to and, in certain cases, limited by, such laws. The Company values its assets on a quarterly basis, or more frequently if required under the 1940 Act. In all cases, the Board of Directors of the Company (the "Board") is ultimately and solely responsible for determining the fair value of the portfolio investments on a quarterly basis in good faith, including investments that are not publicly traded, those whose market prices are not readily available and any other situation where its portfolio investments require a fair value determination. Security transactions are accounted for on a trade date basis. Because (i) "benefit plan investors", as defined in Section 3(42) of ERISA ("Benefit Plan Investors"), hold 25% or more of the Company's outstanding shares, and (ii) the Company's shares are not listed on a national securities exchange, an unaffiliated third-party (the "Sub-Administrator"), has been engaged to independently value the Company's investments, in consultation with the Investment Adviser. The Company's quarterly valuation procedures, which are the procedures that will be followed by such Sub-Administrator, are set forth in more detail below: (1) Investments for which market quotations are readily available on an exchange are valued at such market quotations based on the closing price indicated from independent pricing services. (2) Investments for which indicative prices are obtained from various pricing services and/or brokers or dealers are valued through a multi-step valuation process, as described below, to determine whether the quote(s) obtained is representative of fair value in accordance with GAAP. a. Bond quotes are obtained through independent pricing services. Internal reviews are performed by the personnel of the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser, to ensure that the quote obtained is representative of fair value in accordance with GAAP and, if so, the quote is used. If the Sub-Administrator is unable to sufficiently validate the quote(s) internally and if the investment's par value exceeds a certain materiality threshold, the investment is valued similarly to those assets with no readily available quotes (see (3) below); and b. For investments other than bonds, the personnel of the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser, look at the number of quotes readily available and perform the following procedures: i. Investments for which two or more quotes are received from a pricing service are valued using the mean of the mean of the bid and ask of the quotes obtained. If an IHS Markit Ltd. quote differs from the Refinitiv (formerly known as Thomson Reuters) quote by +/- 5% or if the spread between the bid and ask for a quote is greater than 10%, the personnel of the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser, will evaluate the reasonableness of the quote, and if the quote is determined to not be representative of fair value, the personnel of the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser, will use one or more of the methodologies outlined below to determine fair value; and ii. Investments for which one quote is received from a pricing service are validated by the Sub-Administrator, in consultation with the investment professionals at the Investment Adviser. The personnel of the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser, analyze the market quotes obtained using an array of valuation methods (further described below) to validate the fair value. For assets where a supporting analysis is prepared, the Sub-Administrator will document the selection and appropriateness of the indices selected for yield comparison and a conclusion documenting how the yield comparison analysis supports the proposed mark. The quarterly portfolio company monitoring reports which detail the qualitative and quantitative performance of the portfolio company will also be included. If the Sub-Administrator, in consultation with the investment professionals at the Investment Adviser, is unable to sufficiently validate the quote internally and if the investment's par value exceeds a certain materiality threshold, the investment is valued similarly to those assets with no readily available quotes (see (3) below). (3) Investments for which quotations are not readily available through exchanges, pricing services, brokers, or dealers are valued through a multi-step valuation process: a. Each portfolio company or investment is initially valued by the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser responsible for the credit monitoring; and b. Preliminary valuation conclusions will then be documented and discussed with the Company's senior management. For investments in revolving credit facilities and delayed draw commitments, the cost basis of the funded investments purchased is offset by any costs/netbacks received for any unfunded portion on the total balance committed. The fair value is also adjusted for the price appreciation or depreciation on the unfunded portion. As a result, the purchase of a commitment not completely funded may result in a negative fair value until it is called and funded. The values assigned to investments are based upon available information and do not necessarily represent amounts which might ultimately be realized, since such amounts depend on future circumstances and cannot be reasonably determined until the individual positions are liquidated. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company's investments may fluctuate from period to period and the fluctuations could be material. In the event Benefit Plan Investors do not hold 25% or more of the Company's outstanding shares, or the Company's shares are listed on a national securities exchange, then (i) personnel of the Investment Adviser will undertake the roles to be performed by the personnel of the Sub-Administrator, as described above and (ii) if an investment falls into category (3) above for four consecutive quarters and the investment's par value or its fair value exceeds a certain materiality threshold, then at least once each fiscal year, the valuation for each portfolio investment for which we do not have a readily available market quotation will be reviewed by an independent valuation firm engaged by the Board. See Note 3. Investments , for further discussion relating to investments. Cash and cash equivalents —Cash and cash equivalents include cash and short-term, highly liquid investments. The Company defines cash equivalents as securities that are readily convertible into known amounts of cash and so near maturity that there is insignificant risk of changes in value. These securities have original maturities of three months or less. The Company did not hold any cash equivalents as of December 31, 2023 and December 31, 2022. Revenue recognition Sales and paydowns of investments: Realized gains and losses on investments are determined on the specific identification method. Interest income: Interest income, including amortization of premium and discount using the effective interest method, is recorded on the accrual basis and periodically assessed for collectability. Interest income also includes interest earned from cash on hand. Upon the prepayment of a loan or debt security, any prepayment penalties are recorded as part of interest income. The Company has loans in its portfolio that contain a payment-in-kind ("PIK") interest provision. PIK interest is accrued and recorded as income at the contractual rates, if deemed collectible. The PIK interest is added to the principal balance on the capitalization date and is generally due at maturity or when redeemed by the issuer. For the years ended December 31, 2023, December 31, 2022 and December 31, 2021 the Company recognized PIK interest from investments of $6,093, $4,089 and $1,304, respectively. Non-accrual income: Investments are placed on non-accrual status when principal or interest payments are past due for 30 days or more and when there is reasonable doubt that principal or interest will be collected. Accrued cash and un-capitalized PIK interest or dividends are reversed when an investment is placed on non-accrual status. Previously capitalized PIK interest or dividends are not reversed when an investment is placed on non-accrual status. Interest or dividend payments received on non-accrual investments may be recognized as income or applied to principal depending upon management's judgment of the ultimate collectibility. Non-accrual investments are restored to accrual status when past due principal and interest is paid and, in management's judgment, are likely to remain current. As of December 31, 2023, December 31, 2022 and December 31, 2021 no investments were on non-accrual status. Fee income: Fee income represents delayed compensation, amendment fees, revolver fees, upfront fees and other miscellaneous fees received and are typically non-recurring in nature. Delayed compensation is income earned from counterparties on trades that do not settle within a set number of business days after trade date. Fee income may also include fees from bridge loans. The Company may from time to time enter into bridge financing commitments, an obligation to provide interim financing to a counterparty until permanent credit can be obtained. These commitments are short-term in nature and may expire unfunded. A fee is received by the Company for providing such commitments. Structuring fees and upfront fees are recognized as income when earned, usually when paid at the closing of the investment, and are non-refundable. Income received in exchange for the provision of services such as recurring administration services are also recognized as fee income in the period in which it was earned. Interest and other financing expenses —Interest and other financing fees are recorded on an accrual basis by the Company. See Note 6. Borrowings , for details. Deferred offering costs —The Company's deferred offering costs consists of fees and expenses incurred in connection with the offering of the Company's common stock. Upon the issuance of common stock, offering costs are charged as a direct reduction of net assets. Deferred offering costs are included on the Company's Consolidated Statements of Assets and Liabilities and offering costs are included on the Consolidated Statements of Changes in Net Assets. Any organizational and offering expenses paid by the Company in excess of $1,000 will be borne by the Investment Adviser and cannot be recouped by the Investment Adviser. Deferred financing costs —The deferred financing costs of the Company consist of capitalized expenses related to the origination and amending of the Company's borrowings. The Company amortizes these costs into expense over the stated life of the related borrowing. See Note 6. Borrowings , for details. Organizational expenses —Organizational expenses include costs and expenses incurred in connection with the formation and organization of the Company. All such amounts are expensed as incurred in the Consolidated Statements of Operations. Any organizational and offering expenses paid by the Company in excess of $1,000 will be borne by the Investment Adviser and cannot be recouped by the Investment Adviser. Income taxes —The Company has elected to be treated as a RIC for U.S. federal income tax purposes under Subchapter M of the Code and intends to comply with the requirements to qualify and maintain its status as a RIC annually. As a RIC, the Company is not subject to U.S. federal income tax on the portion of taxable income and gains timely distributed to its stockholders. To continue to qualify and be subject to tax treatment as a RIC, the Company is required to meet certain income and asset diversification tests in addition to distributing at least 90.0% of its investment company taxable income, as defined by the Code. Since U.S. federal income tax regulations differ from GAAP, distributions in accordance with tax regulations may differ from net investment income and realized gains recognized for financial reporting purposes. Differences between taxable income and the results of operations for financial reporting purposes may be permanent or temporary in nature. Permanent differences are reclassified among capital accounts in the consolidated financial statements to reflect their tax character. Differences in classification may also result from the treatment of short-term gains as ordinary income for U.S. federal income tax purposes. For U.S. federal income tax purposes, distributions paid to stockholders of the Company are reported as ordinary income, return of capital, long term capital gains or a combination thereof. The Company will be subject to a 4.0% nondeductible federal excise tax on certain undistributed income unless the Company distributes, in a timely manner as required by the Code, an amount at least equal to the sum of (1) 98.0% of its respective net ordinary income earned for the calendar year and (2) 98.2% of its respective capital gain net income for the one-year period ending October 31 in the calendar year. Based on its analysis, the Company has determined that there were no uncertain tax positions that do not meet the more likely than not threshold as defined by Accounting Standards Codification Topic 740, Income Taxes ("ASC 740") through December 31, 2023. The 2021 through 2023 tax years and forward remain subject to examination by the U.S. federal, state, and local tax authorities. Earnings per share —The Company's earnings per share ("EPS") amounts have been computed based on the weighted-average number of shares outstanding for the period. Basic EPS is computed by dividing net increase (decrease) in net assets resulting from operations by the weighted average number of shares outstanding during the period of computation. Diluted EPS is computed by dividing net increase (decrease) in net assets resulting from operations by the weighted average number of shares, and its related net impact to net assets accounted for, and the additional shares were dilutive. Distributions —Distributions to the Company's stockholders are recorded on the record date as set by the Board. The Company intends to make timely distributions to its stockholders that will be sufficient to enable the Company to qualify and maintain its status as a RIC. The Company intends to distribute approximately all of its net investment income on a semi-annual basis and substantially all of its taxable income on an annual basis, except that the Company may retain certain net capital gains for reinvestment. The Company has adopted a dividend reinvestment plan, as amended from time to time (the "DRIP"), that provides for reinvestment of any distributions declared on behalf of its stockholders, unless a stockholder elects to receive cash. The Company applies the following in implementing the DRIP. The Company shall use only newly-issued shares of its common stock to implement the DRIP. The number of shares to be issued to a stockholder that has not elected to have its distributions in cash shall be determined by dividing the total dollar amount of the distribution payable to such participant by the net asset value ("NAV") per share as of the last day of the Company’s fiscal quarter immediately preceding the date such distribution was declared (the "Reference NAV"); provided that in the event a distribution is declared on the last day of a fiscal quarter, the Reference NAV shall be deemed to be the net asset value per share as of such day. On August 16, 2022, the Board amended and restated the DRIP, effective as of September 18, 2022 (the "Amendment"). The Amendment clarifies that by "opting out" a stockholder may elect to receive some or all of their dividends or distributions in cash. Additionally, the notice requirement for stockholders to withdraw or modify their elections under the DRIP was amended such that a stockholder must notify the Company's transfer agent and registrar of any changes to their election no later than the day before the start of the quarterly period for which the stockholder desires to receive some or all of the dividend or distribution in cash. For the years ended December 31, 2023, December 31, 2022 and December 31, 2021, the Company has issued 8,631,890, 6,010,548 and 1,829,609 shares through the DRIP, respectively. Use of estimates —The preparation of the Company's consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Company's consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Changes in the economic environment, financial markets, and other metrics used in determining these estimates could cause actual results to differ from the estimates used, and the differences could be material. |
Investments
Investments | 12 Months Ended |
Dec. 31, 2023 | |
Schedule of Investments [Abstract] | |
Investments | Investments At December 31, 2023, the Company's investments consisted of the following: Investment Cost and Fair Value by Type Cost Fair Value First lien $ 1,261,268 $ 1,260,387 Second lien 59,103 58,870 Subordinated 1,084 1,178 Equity and other(1) — — Total investments $ 1,321,455 $ 1,320,435 (1) As of December 31, 2023, total cost and fair value of equity and other investments were each less than $1 thousand. Investment Cost and Fair Value by Industry Cost Fair Value Software $ 533,247 $ 535,183 Business Services 301,090 302,599 Healthcare 208,815 204,943 Financial Services 97,914 98,558 Consumer Services 51,517 51,576 Education 34,168 34,468 Distribution & Logistics 22,626 21,938 Consumer Products 22,650 20,971 Packaging 17,314 17,315 Food & Beverage 13,425 14,405 Specialty Chemicals & Materials 12,286 12,075 Business Products 6,403 6,404 Total investments $ 1,321,455 $ 1,320,435 At December 31, 2022, the Company's investments consisted of the following: Investment Cost and Fair Value by Type Cost Fair Value First lien $ 1,130,840 $ 1,115,219 Second lien 59,361 57,133 Subordinated 1,045 1,047 Equity and other(1) — — Total investments $ 1,191,246 $ 1,173,399 (1) As of December 31, 2022, total cost and fair value of equity and other investments were each less than $1 thousand. Investment Cost and Fair Value by Industry Cost Fair Value Software $ 480,494 $ 476,479 Business Services 262,842 259,347 Healthcare 201,974 196,864 Financial Services 91,188 89,468 Consumer Services 37,831 37,307 Consumer Products 23,030 22,759 Information Technology 22,799 22,611 Distribution & Logistics 22,437 21,670 Education 17,847 17,197 Packaging 17,290 16,937 Specialty Chemicals & Materials 12,266 11,673 Business Products 1,248 1,087 Total investments $ 1,191,246 $ 1,173,399 As of December 31, 2023, the Company had unfunded commitments on revolving credit facilities of $66,127 and no unfunded commitments on bridge facilities. As of December 31, 2023, the Company had unfunded commitments in the form of delayed draws or other future funding commitments of $46,471. The unfunded commitments on revolving credit facilities and delayed draws are disclosed on the Company's Consolidated Schedule of Investments as of December 31, 2023. As of December 31, 2022, the Company had unfunded commitments on revolving credit facilities of $56,169 and no unfunded commitments on bridge facilities. As of December 31, 2022, the Company had unfunded commitments in the form of delayed draws or other future funding commitments of $71,683. The unfunded commitments on revolving credit facilities and delayed draws are disclosed on the Company's Consolidated Schedule of Investments as of December 31, 2022. Investment Risk Factors —First and second lien debt that the Company invests in is almost entirely rated below investment grade or may be unrated. Debt investments rated below investment grade are often referred to as "leveraged loans", "high yield" or "junk" debt investments, and may be considered "high risk" compared to debt investments that are rated investment grade. These debt investments are considered speculative because of the credit risk of the issuers. Such issuers are considered more likely than investment grade issuers to default on their payments of interest and principal, and such risk of default could reduce the net asset value and income distributions of the Company. In addition, some of the Company's debt investments will not fully amortize during their lifetime, which could result in a loss or a substantial amount of unpaid principal and interest due upon maturity. First and second lien debt may also lose significant market value before a default occurs. Furthermore, an active trading market may not exist for these first and second lien debt investments. This illiquidity may make it more difficult to value the debt. The Company may directly invest in the equity of private companies or, in some cases, equity investments could be made in connection with a debt investment. Equity investments may or may not fluctuate in value, resulting in recognized realized gains or losses upon disposition. |
Fair Value
Fair Value | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value | Fair Value Pursuant to Rule 2a-5, a market quotation is readily available for purposes of Section 2(a)(41) of the 1940 Act with respect to a security only when that “quotation is a quoted price (unadjusted) in active markets for identical investments that the fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable.” Fair value is the amount 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. Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosure ("ASC 820") establishes a fair value hierarchy that prioritizes and ranks the inputs to valuation techniques used in measuring investments at fair value. The hierarchy classifies the inputs used in measuring fair value into three levels as follows: Level I —Quoted prices (unadjusted) are available in active markets for identical investments and the Company has the ability to access such quotes as of the reporting date. The type of investments which would generally be included in Level I include active exchange-traded equity securities and exchange-traded derivatives. As required by ASC 820, the Company, to the extent that it holds such investments, does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price. Level II —Pricing inputs are observable for the investments, either directly or indirectly, as of the reporting date, but are not the same as those used in Level I. Level II inputs include the following: • Quoted prices for similar assets or liabilities in active markets; • Quoted prices for identical or similar assets or liabilities in non-active markets (examples include corporate and municipal bonds, which trade infrequently); • Pricing models whose inputs are observable for substantially the full term of the asset or liability (examples include most over-the-counter derivatives, including foreign exchange forward contracts); and • Pricing models whose inputs are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability. Level III —Pricing inputs are unobservable for the investment and include situations where there is little, if any, market activity for the investment. The inputs used to measure fair value may fall into different levels. In all instances when the inputs fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level of input that is significant to the fair value measurement in its entirety. As such, a Level III fair value measurement may include inputs that are both observable and unobservable. Gains and losses for such assets categorized within the Level III table below may include changes in fair value that are attributable to both observable inputs and unobservable inputs. The inputs into the determination of fair value require significant judgment or estimation by management and consideration of factors specific to each investment. A review of the fair value hierarchy classifications is conducted on a quarterly basis. Changes in the observability of valuation inputs may result in the transfer of certain investments within the fair value hierarchy from period to period. The following table summarizes the levels in the fair value hierarchy that the Company's portfolio investments fall into as of December 31, 2023: Total Level I Level II Level III First lien $ 1,260,387 $ — $ 92,922 $ 1,167,465 Second lien 58,870 — 16,054 42,816 Subordinated 1,178 — 1,177 1 Equity and other (1) — — — — Total investments $ 1,320,435 $ — $ 110,153 $ 1,210,282 (1) As of December 31, 2023, fair value of equity and other investments was less than $1 thousand. The following table summarizes the levels in the fair value hierarchy that the Company's portfolio investments fall into as of December 31, 2022: Total Level I Level II Level III First lien $ 1,115,219 $ — $ 48,157 $ 1,067,062 Second lien 57,133 — 13,153 43,980 Subordinated 1,047 — 1,046 1 Equity and other (1) — — — — Total investments $ 1,173,399 $ — $ 62,356 $ 1,111,043 (1) As of December 31, 2022, fair value of equity and other investments was less than $1 thousand. The following table summarizes the changes in fair value of Level III portfolio investments for the year ended December 31, 2023, as well as the portion of appreciation (depreciation) included in income attributable to unrealized appreciation (depreciation) related to those assets and liabilities still held by the Company at December 31, 2023: Total First Lien Second Lien Subordinated Equity and other Fair value, December 31, 2022 $ 1,111,043 $ 1,067,062 $ 43,980 $ 1 $ — Total gains or losses included in earnings: Net realized losses on investments (80) (80) — — — Net change in unrealized appreciation 14,151 12,815 1,336 — — Purchases, including capitalized PIK and revolver fundings 233,087 233,087 — — — (2) Proceeds from sales and paydowns of investments (119,278) (116,778) (2,500) — — Transfers into Level III (1) 1,087 1,087 — — — Transfers out of Level III (1) (29,728) (29,728) — — — Fair value, December 31, 2023 $ 1,210,282 $ 1,167,465 $ 42,816 $ 1 $ — (2) Unrealized appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: $ 12,809 $ 11,564 $ 1,245 $ — $ — (1) As of December 31, 2023, portfolio investments were transferred into Level III from Level II and out of Level III into Level II at fair value as of the beginning of the period in which the reclassification occurred. (2) As of December 31, 2023, fair value of equity and other investments was less than $1 thousand. The following table summarizes the changes in fair value of Level III portfolio investments for the year ended December 31, 2022, as well as the portion of appreciation (depreciation) included in income attributable to unrealized appreciation (depreciation) related to those assets and liabilities still held by the Company at December 31, 2022: Total First Lien Second Lien Subordinated Equity and other Fair value, December 31, 2021 $ 903,911 $ 867,102 $ 36,809 $ — $ — Total gains or losses included in earnings: Net realized losses on investments (726) (726) — — — Net change in unrealized depreciation (15,483) (13,675) (1,808) — — Purchases, including capitalized PIK and revolver fundings 338,765 327,504 11,260 1 — (2) Proceeds from sales and paydowns of investments (188,440) (179,671) (8,769) — — Transfers into Level III (1) 73,016 66,528 6,488 — — Fair value, December 31, 2022 $ 1,111,043 $ 1,067,062 $ 43,980 $ 1 $ — (2) Unrealized depreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: $ (16,040) $ (14,059) $ (1,981) $ — $ — (1) As of December 31, 2022, portfolio investments were transferred out of Level II into Level III at fair value as of the beginning of the period in which the reclassification occurred. (2) As of December 31, 2022, fair value of equity and other investments was less than $1 thousand. Except as noted in the tables above, there were no transfers into or out of Level I, II, or III during the years ended December 31, 2023 and December 31, 2022. Transfers into Level III occur as quotations obtained through pricing services are deemed not representative of fair value as of the balance sheet date and such assets are internally valued. As quotations obtained through pricing services are substantiated through additional market sources, investments are transferred out of Level III. In addition, transfers out of Level III and transfers into Level III occur based on the increase or decrease in the availability of certain observable inputs. Investments will be transferred into Level III from Level II and out of Level III into Level II at fair value as of the beginning of the period in which the reclassification occurred. The Company invests in revolving credit facilities. These investments are categorized as Level III investments as these assets are not actively traded and their fair values are often implied by the term loans of the respective portfolio companies. The Company generally uses the following framework when determining the fair value of investments where there are little, if any, market activity or observable pricing inputs. The Company typically determines the fair value of its performing debt investments utilizing an income approach. Additional consideration is given using a market based approach, as well as reviewing the overall underlying portfolio company's performance and associated financial risks. The following outlines additional details on the approaches considered: Company Performance, Financial Review, and Analysis: Prior to investment, as part of its due diligence process, the Company evaluates the overall performance and financial stability of the portfolio company. Post investment, the Company analyzes each portfolio company's current operating performance and relevant financial trends versus the prior year and budgeted results, including, but not limited to, factors affecting its revenue and EBITDA growth, margin trends, liquidity position, covenant compliance and changes to its capital structure. The Company also attempts to identify and subsequently track any developments at the portfolio company, within its customer or vendor base or within the industry or the macroeconomic environment, generally, that may alter any material element of its original investment thesis. This analysis is specific to each portfolio company. The Company leverages the knowledge gained from its original due diligence process, augmented by this subsequent monitoring, to continually refine its outlook for each of its portfolio companies and ultimately form the valuation of its investment in each portfolio company. When an external event such as a purchase transaction, public offering or subsequent sale occurs, the Company will consider the pricing indicated by the external event to corroborate the private valuation. For debt investments, the Company may employ the Market Based Approach (as described below) to assess the total enterprise value of the portfolio company, in order to evaluate the enterprise value coverage of the Company's debt investment. For equity investments or in cases where the Market Based Approach implies a lack of enterprise value coverage for the debt investment, the Company may additionally employ a discounted cash flow analysis based on the free cash flows of the portfolio company to assess the total enterprise value. After enterprise value coverage is demonstrated for the Company's debt investments through the method(s) above, the Income Based Approach (as described below) may be employed to estimate the fair value of the investment. Market Based Approach: The Company may estimate the total enterprise value of each portfolio company by utilizing EBITDA or revenue multiples of publicly traded comparable companies and comparable transactions. The Company considers numerous factors when selecting the appropriate companies whose trading multiples are used to value its portfolio companies. These factors include, but are not limited to, the type of organization, similarity to the business being valued, and relevant risk factors, as well as size, profitability and growth expectations. The Company may apply an average of various relevant comparable company EBITDA or revenue multiples to the portfolio company's latest twelve month ("LTM") EBITDA or revenue or projected EBITDA or revenue to calculate the enterprise value of the portfolio company. Significant increases or decreases in the EBITDA or revenue multiples will result in an increase or decrease in enterprise value, which may result in an increase or decrease in the fair value estimate of the investment. In applying the market based approach as of December 31, 2023 and December 31, 2022, the Company used the relevant EBITDA or revenue multiple ranges set forth in the table below to determine the enterprise value of its portfolio companies. The Company believes these were reasonable ranges in light of current comparable company trading levels and the specific portfolio companies involved. Income Based Approach: The Company also may use a discounted cash flow analysis to estimate the fair value of the investment. Projected cash flows represent the relevant security's contractual interest, fee and principal payments plus the assumption of full principal recovery at the investment's expected maturity date. These cash flows are discounted at a rate established utilizing a combination of a yield calibration approach and a comparable investment approach. The yield calibration approach incorporates changes in the credit quality (as measured by relevant statistics) of the portfolio company, as compared to changes in the yield associated with comparable credit quality market indices, between the date of origination and the valuation date. The comparable investment approach utilizes an average yield-to-maturity of a selected set of high-quality, liquid investments to determine a comparable investment discount rate. Significant increases or decreases in the discount rate would result in a decrease or increase in the fair value measurement. In applying the income based approach as of December 31, 2023 and December 31, 2022, the Company used the discount ranges set forth in the table below to value investments in its portfolio companies. The unobservable inputs used in the fair value measurement of the Company's Level III investments as of December 31, 2023 were as follows: Range Type Fair Value as of December 31, 2023 Approach Unobservable Input Low High Weighted First lien $ 1,115,657 Market & income approach EBITDA multiple 5.0x 44.0x 17.6x Revenue multiple 5.0x 20.5x 10.2x Discount rate 7.2 % 21.3 % 10.2 % 51,808 Other N/A (2) N/A N/A N/A Second lien 42,816 Market & income approach EBITDA multiple 14.0x 18.0x 15.8x Discount rate 9.2 % 12.9 % 11.3 % Subordinated 1 Market & income approach EBITDA multiple 22.0x 22.0x 22.0x Discount rate 12.9% 12.9% 12.9% Equity and other (3) — Market & income approach Revenue multiple 9.0x 11.0x 10.0x Discount rate 15.0 % 15.0 % 15.0 % $ 1,210,282 (1) Unobservable inputs were weighted by the relative fair value of the investments. (2) Fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date. (3) As of December 31, 2023, fair value of equity and other investments was less than $1 thousand. The unobservable inputs used in the fair value measurement of the Company's Level III investments as of December 31, 2022 were as follows: Range Type Fair Value as of December 31, 2022 Approach Unobservable Input Low High Weighted First lien $ 1,060,036 Market & income approach EBITDA multiple 8.7x 70.0x 18.9x Revenue multiple 5.0x 19.5x 9.8x Discount rate 8.3 % 29.4 % 10.5 % 7,026 Other N/A (2) N/A N/A N/A Second lien 43,980 Market & income approach EBITDA multiple 14.0x 32.0x 20.0x Discount rate 11.2 % 13.8 % 11.8 % Subordinated 1 Market & income approach EBITDA multiple 23.5x 23.5x 23.5x Discount rate 14.8% 14.8% 14.8% Equity and other (3) — Market & income approach Revenue multiple 10.5x 12.5x 11.5x Discount rate 15.0 % 17.0 % 16.0 % $ 1,111,043 (1) Unobservable inputs were weighted by the relative fair value of the investments. (2) Fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date. (3) As of December 31, 2022, fair value of equity and other investments was less than $1 thousand. The Wells Credit Facility (as defined below) is considered Level III. See Note 6 . Borrowings for details. The following are the principal amount and fair value of the Company’s debt obligation as of December 31, 2023 and December 31, 2022. Fair value is estimated by discounting remaining payments using applicable current market rates, which take into account changes in the Company’s marketplace credit ratings, or market quotes, if available. December 31, 2023 December 31, 2022 Principal Amount Fair Value Principal Amount Fair Value Wells Credit Facility $ 433,800 $ 428,907 $ 394,500 $ 388,181 Fair value risk factors |
Agreements and Related Parties
Agreements and Related Parties | 12 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
Agreements and Related Parties | Agreements and Related Parties The Company entered into an investment advisory and management agreement, as amended and restated on December 13, 2020 (the "First A&R Investment Management Agreement) and on September 26, 2022 (the "Second A&R Investment Management Agreement" or the "Investment Management Agreement"), with the Investment Adviser. Under the Investment Management Agreement, the Investment Adviser manages the day-to-day operations of, and provides investment advisory services to the Company. For providing these services, the Investment Adviser receives an annual base management fee from the Company. The Board most recently re-approved the Investment Management Agreement on January 30, 2024, at an in-person meeting, for a period of 12 months commencing March 1, 2024. Pursuant to the Investment Management Agreement, during the Investment Period, the base management fee is calculated at an annual blended rate with respect to the Company's Assets Invested (defined below) at the end of each quarterly period by reference to (i) 0.70% in the case of Assets Invested equal to or less than $500,000, and (ii) 0.60% in the case of Assets Invested of greater than $500,000, subject, in each case, to the adjustments in the manner set forth in the Investment Management Agreement, as amended. Pursuant to the Second Amended and Restated Investment Management Agreement (the "Second A&R Investment Management Agreement"), effective September 26, 2022, the management fee shall be calculated at the blended rate until such time that the Company has $1.0 billion of Assets Invested (as modified by the Second A&R Investment Management Agreement). Upon such time, the Management Fee shall be calculated at the Blended Rate, as defined in the Second A&R Investment Management Agreement, and for the avoidance of doubt, based on the greater of the actual Assets Invested as of the end of any quarter and target Assets Invested for the quarter. The Second A&R Investment Management Agreement modified the definition of "Assets Invested" to mean that as of the end of each quarterly period, the sum of the Company's (i) drawn capital commitments, (ii) the aggregate dollar amount of distributions declared to stockholders from net investment income as of the latest declaration date of any such distribution, less any amounts of such distribution received in cash by stockholders, and (iii) outstanding principal on borrowings. During the Investment Period, the management fee payable each quarter shall be reduced by an amount equal to the sum of the quarterly fee percentage multiplied by the Company's cumulative realized losses since inception (calculated net of any subsequently reversed realized losses) (the "Cumulative Losses") on the Company’s portfolio of investments (collectively,the "Withheld Amounts"). Any portion of such Withheld Amounts that is attributable to a subsequently reversed realized loss shall be payable to the Investment Adviser in the quarter in which such reversal occurs. In addition, upon expiration of the Investment Period, the Investment Adviser shall be entitled to an amount equal to the portion of such Withheld Amounts that would have been payable if Cumulative Losses had been calculated net of cumulative realized capital gains on the applicable portfolios of investments. For the years ended December 31, 2023, December 31, 2022, and December 31, 2021, $7,863, $7,015 and $4,618 respectively, of management fees were incurred by the Company. The Company has entered into an administration agreement ("Administration Agreement") with the Administrator under which the Administrator provides administrative services. The Administration Agreement was most recently re-approved by the Board on January 30, 2024 for a period of 12 months commencing on March 1, 2024. The Administrator maintains, or oversees the maintenance of, the Company's consolidated financial records, prepares reports filed with the U.S. Securities and Exchange Commission (the "SEC"), generally monitors the payment of the Company's expenses and oversees the performance of administrative and professional services rendered by others. The Administrator has hired a third-party sub-administrator to assist with the provision of administrative services. The Company, the Investment Adviser and the Administrator have also entered into a Trademark License Agreement (the "Trademark License Agreement"), with New Mountain Capital, pursuant to which New Mountain Capital has agreed to grant the Company a non-exclusive, royalty-free license to use the "NMF" name. Under the Trademark License Agreement, subject to certain conditions, the Company, the Investment Adviser and the Administrator will have a right to use the "NMF" name, for so long as the Investment Adviser or one of its affiliates remains the investment adviser of the Company. Other than with respect to this limited license, the Company will have no legal right to the "NMF" name. The Investment Adviser and its affiliates may also manage other funds in the future that may have investment mandates that are similar, in whole or in part, to the Company's investment mandates. The Investment Adviser and its affiliates may determine that an investment is appropriate for the Company or for one or more of those other funds. In such event, depending on the availability of such investment and other appropriate factors, the Investment Adviser or its affiliates may determine that the Company should invest side-by-side with one or more other funds. Any such investments will be made only to the extent permitted by applicable law and interpretive positions of the SEC and its staff and consistent with the Investment Adviser's allocation procedures. On October 8, 2019, the SEC issued an exemptive order (the "Exemptive Order") to the Investment Adviser and certain of its affiliates, which superseded a prior order issued on December 18, 2017, which permits the Company to co-invest in portfolio companies with certain funds or entities managed by the Investment Adviser or its affiliates in certain negotiated transactions where co-investing would otherwise be prohibited under the 1940 Act, subject to the conditions of the Exemptive Order. Pursuant to the Exemptive Order, the Company is permitted to co-invest with its affiliates if a "required majority" (as defined in Section 57(o) of the 1940 Act) of the Company's directors who are not interested persons, as the term is defined in Section 2(a)(19) of the 1940 Act (the "Independent Directors"), directors make certain conclusions in connection with a co-investment transaction, including, but not limited to, that (1) the terms of the potential co-investment transaction, including the consideration to be paid, are reasonable and fair to the Company and its stockholders and do not involve overreaching in respect of the Company or its stockholders on the part of any person concerned, and (2) the potential co-investment transaction is consistent with the interests of the Company's stockholders and is consistent with its then-current investment objective and strategies. The Exemptive Order was amended on August 30, 2022 to permit the Company to complete co-investments in its existing portfolio companies with certain affiliates that are private funds if such private funds do not have an investment in such existing portfolio company, subject to certain conditions. As the Company's assets are treated as "plan assets" under ERISA, the Company will only co-invest in the same issuer with certain funds or entities managed by the Investment Adviser or its affiliates, so long as their and the Company's respective future investments are at the same level of such issuer's capital structure; provided, that in no event will the Company co-invest with any other fund or entity in contravention of the 1940 Act. In addition, pursuant to an exemptive order issued by the SEC on April 8, 2020 and applicable to all BDCs through December 31, 2020 (the "Temporary Relief"), the Company was permitted, subject to the satisfaction of certain conditions, to co-invest in the Company's existing portfolio companies with certain affiliates that are private funds if such private funds did not have an investment in such existing portfolio company. Without the Temporary Relief, such private funds would not be able to participate in such co-investments with the Company unless the private funds had previously acquired securities of the portfolio company in a co-investment transaction with the Company. Although the Temporary Relief expired on December 31, 2020, the SEC's Division of Investment Management had indicated that until March 31, 2022, it would not recommend enforcement action, to the extent that any BDC with an existing co-investment order continued to engage in certain transactions described in the Temporary Relief, pursuant to the same terms and conditions described therein. The Temporary Relief is no longer effective; however, on August 30, 2022, New Mountain Finance Corporation, an affiliate of the Company and the Investment Adviser, and certain other affiliated applicants, received an Order from the SEC that amended its existing Exemptive Order to permit the Company to complete follow-on investments in its existing portfolio companies with certain affiliates that are private funds if such private funds do not hold an investment in such existing portfolio company, subject to certain conditions. |
Borrowings
Borrowings | 12 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Borrowings | Borrowings Wells Credit Facility — On December 23, 2020, the Company's wholly-owned subsidiary, SLF I SPV, entered into a Loan and Security Agreement among SLF I SPV as the borrower, the Investment Adviser as collateral manager, the Company as equity holder and seller, Wells Fargo Bank, National Association ("Wells Fargo") as the administrative agent and the collateral custodian, and each of the lenders from time to time party thereto (as amended, from time to time, the "Loan and Security Agreement"), which is structured as a secured revolving credit facility (the "Wells Credit Facility"). On December 1, 2023, the Company entered into Amendment No.3 to the Wells Credit Facility which extended the facility maturity date from December 23, 2025 to December 1, 2028 and increased the maximum facility amount from $450,000 to $600,000. Under the Wells Credit Facility,SLF I SPV is permitted to borrow up to 25.0%, 50.0%, 60.0% or 65.0% of the purchase price of pledged assets, subject to approval by Wells Fargo. The Wells Credit Facility is non-recourse to the Company and is collateralized by all of the investments of SLF I SPV on an investment by investment basis. All fees associated with the origination, amending or upsizing of the Wells Credit Facility are capitalized on the Company's Consolidated Statements of Assets and Liabilities and charged against income as other financing expenses over the life of the Wells Credit Facility. The Wells Credit Facility contains certain customary affirmative and negative covenants and events of default. The covenants are generally not tied to mark to market fluctuations in the prices of SLF I SPV investments, but rather to the performance of the underlying portfolio companies. As of the amendment on December 1, 2023, the Wells Credit Facility bears interest at a rate of the Secured Overnight Financing Rate ("SOFR") plus 2.40% per annum. Prior to the amendment on December 1, 2023, from April 28, 2023 to November 30, 2023, the Wells Credit Facility bore interest at a rate of SOFR plus 1.70% per annum for Broadly Syndicated Loans (as defined in the Loan and Security Agreement) and SOFR plus 2.20% per annum for all other investments. From June 29, 2021 to April 27, 2023, the Wells Credit Facility bore interest at a rate of the London Interbank Offered Rate ("LIBOR") plus 1.60% per annum for Broadly Syndicated Loans (as defined in the First Amendment to the Loan and Security Agreement) and LIBOR plus 2.10% per annum for all other investments. The Wells Credit Facility also charges a non-usage fee, based on the unused facility amount multiplied by the Non-Usage Fee Rate (as defined in the Loan and Security Agreement). The following table summarizes the interest expense, non-usage fee and amortization of financing costs incurred on the Wells Credit Facility for the years ended December 31, 2023, December 31, 2022 and December 31, 2021: Year Ended December 31, (in millions) 2023 2022 2021 Interest expense $ 27,895 $ 15,461 $ 4,411 Non-usage fee 393 336 350 Amortization of financing costs 984 887 647 Weighted average interest rate 7.2 % 4.0 % 2.1 % Effective interest rate 7.6 % 4.4 % 2.6 % Average debt outstanding $ 384,168 $ 382,837 $ 205,759 As of December 31, 2023, December 31, 2022 and December 31, 2021, the outstanding balance on the Wells Credit Facility was $433,800, $394,500 and $318,000, respectively, and SLF I SPV was in compliance with the applicable covenants in the Wells Credit Facility on such dates. Wells Subscription Line — On February 25, 2020, the Company entered into a Revolving Credit Agreement (the "Wells Subscription Line") with Wells Fargo. On December 3, 2021, all outstanding borrowings under the Wells Subscription Line were repaid and the facility was terminated in connection with the final drawdown on Capital Commitments. Prior to termination, the Wells Subscription Line had a maximum facility amount of $50,000 and the Company was permitted to borrow up to the lesser of $50,000 and the Borrowing Base. The "Borrowing Base" was based upon the unfunded Capital Commitments of subscribed investors in the Company that had been approved by Wells Fargo and met certain criteria. From February 25, 2020 through March 25, 2020, the Wells Subscription Line bore interest at a rate of either LIBOR plus 1.55% per annum or Reference Rate (as defined by the Revolving Credit Agreement) plus 0.55% per annum. After March 25, 2020, the Wells Subscription Line bore interest at a rate of either LIBOR plus 1.50% per annum or Reference Rate plus 0.50% per annum. The Wells Subscription Line also charged a non-usage fee at a rate of (a) 0.20% per annum when the unused facility amount was greater than or equal to 50.0% of the maximum facility amount, or (b) 0.25% per annum when the unused facility amount was less than 50.0% of the maximum facility amount. The following table summarizes the interest expense, non-usage fee and amortization of financing costs incurred on the Wells Subscription Line for the year ended December 31, 2021: Year Ended December 31, (in millions) 2021(1) Interest expense $ 61 Non-usage fee 86 Amortization of financing costs 249 Weighted average interest rate 1.6 % Effective interest rate 9.7 % Average debt outstanding $ 4,071 (1) For the year ended December 31, 2021, amounts represent the period from January 1, 2021 to December 3, 2021 (termination of the Wells Subscription Line). Leverage risk factors |
Regulation
Regulation | 12 Months Ended |
Dec. 31, 2023 | |
Investment Company [Abstract] | |
Regulation | Regulation The Company has elected to be treated for U.S. federal income tax purposes as a RIC under Subchapter M of the Code, and intends to comply with the requirements to continue to qualify and maintain its status as a RIC annually. In order to continue to qualify and be subject to tax treatment as a RIC, among other things, the Company is required to timely distribute to its stockholders at least 90.0% of its investment company taxable income, as defined by the Code, for each year. The Company, among other things, intends to make and will continue to make the requisite timely distributions to its stockholders, and as such, the Company will generally be relieved from U.S. federal, state, and local income taxes (excluding excise taxes which may be imposed under the Code). |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies In the normal course of business, the Company may enter into contracts that contain a variety of representations and warranties and which provide general indemnifications. The Company may also enter into future funding commitments such as revolving credit facilities, bridge financing commitments or delayed draw commitments. As of December 31, 2023, the Company had unfunded commitments on revolving credit facilities of $66,127, no outstanding bridge financing commitments and other future funding commitments of $46,471. As of December 31, 2022, the Company had unfunded commitments on revolving credit facilities of $56,169, no outstanding bridge financing commitments and other future funding commitments of $71,683. The unfunded commitments on revolving credit facilities and delayed draws are disclosed on the Company's Consolidated Schedule of Investments as of December 31, 2023 and December 31, 2022. The Company also had revolving borrowings available under the Wells Credit Facility as of December 31, 2023 and December 31, 2022. See Note 6. Borrowings , for details. |
Net Assets
Net Assets | 12 Months Ended |
Dec. 31, 2023 | |
Equity [Abstract] | |
Net Assets | Net Assets In connection with its formation, the Company has the authority to issue 500,000,000 shares of common stock at $0.001 per share par value. There were no shares of common stock issued or proceeds received related to capital drawdowns delivered pursuant to the Subscription Agreements for the year ended December 31, 2023 and for the year ended December 31, 2022: The following table summarizes the total shares of common stock issued and proceeds received related to capital drawdowns delivered pursuant to the Subscription Agreements for the year ended December 31, 2021: Drawdown Date Shares Issue Date Shares Issued Aggregate Offering Price August 16, 2021 August 30, 2021 14,094,708 $ 151,800 December 1, 2021 December 15, 2021 16,166,822 172,500 30,261,530 $ 324,300 The following table reflects the distributions declared on the Company's common stock for the year ended December 31, 2023: Date Declared Record Date Payment Date Per Share Amount March 30, 2023 March 31, 2023 July 20, 2023 $ 0.3100 June 26, 2023 June 29, 2023 July 20, 2023 0.3200 September 27, 2023 September 28, 2023 January 19, 2024 0.3310 December 19, 2023 December 28, 2023 January 19, 2024 0.3550 $ 1.3160 The following table reflects the distributions declared on the Company's common stock for the year ended December 31, 2022: Date Declared Record Date Payment Date Per Share Amount March 29, 2022 March 30, 2022 July 20, 2022 $ 0.2200 June 27, 2022 June 29, 2022 July 20, 2022 0.2338 September 28, 2022 September 29, 2022 January 20, 2023 0.2530 December 23, 2022 December 30, 2022 January 20, 2023 0.2960 $ 1.0028 The following table reflects the distributions declared on the Company's common stock for the year ended December 31, 2021: Date Declared Record Date Payment Date Per Share Amount March 26, 2021 March 30, 2021 April 13, 2021 $ 0.2557 June 25, 2021 June 29, 2021 July 13, 2021 0.2945 September 28, 2021 September 29, 2021 January 13, 2022 0.2845 December 23, 2021 December 30, 2021 January 13, 2022 0.2561 $ 1.0908 |
Distributions
Distributions | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Distributions | Distributions The Company intends to distribute approximately all of its net investment income on a semi-annual basis and substantially all of its taxable income on an annual basis, except that the Company may retain certain net capital gains for reinvestment. On March 24, 2021, the Board adopted an "opt out" DRIP on behalf of the Company's stockholders, pursuant to which each of the stockholders' cash distributions will be automatically reinvested in additional shares of the Company's common stock. If a stockholder chooses to "opt out", then such stockholder will receive cash in lieu of shares of the Company’s common stock. On August 16, 2022, the Board amended and restated the DRIP, effective as of September 18, 2022 (the "Amendment"). The Amendment clarifies that by "opting out" a stockholder may elect to receive some or all of their dividends or distributions in cash. Additionally, the notice requirement for stockholders to withdraw or modify their elections under the DRIP was amended such that a stockholder must notify the Company's transfer agent and registrar of any changes to their election no later than the day before the start of the quarterly period for which the stockholder desires to receive some or all of the dividend or distribution in cash. The Company will only use newly-issued shares of common stock to implement the DRIP. For the years ended December 31, 2023, December 31, 2022 and December 31, 2021, the Company has issued 8,631,890, 6,010,548 and 1,829,609 shares through the DRIP, respectively. Differences between taxable income and the results of operations for financial reporting purposes may be permanent or temporary in nature. Permanent differences are reclassified among capital accounts in the financial statements to reflect their tax character. Differences in classification may also result from the treatment of short-term gains as ordinary income for U.S. federal income tax purposes. During the years ended December 31, 2023, December 31, 2022 and December 31, 2021, the Company's reclassifications of amounts for book purposes arising from permanent book/tax differences primarily related to reclass of distributions were as follows: Year Ended December 31, 2023 2022 2021 Undistributed net investment income $ 790 $ 3,036 $ 2,175 Distributions in excess of net realized gains (790) (3,036) — Additional paid-in-capital — — (2,175) For U.S. federal income tax purposes, distributions paid to stockholders of the Company are reported as ordinary income, return of capital, long term capital gains or a combination thereof. The tax character of distributions paid by the Company for the years ended December 31, 2023, December 31, 2022 and December 31, 2021 was estimated to be as follows: Year Ended December 31, 2023 2022 2021 Ordinary income (non-qualified) $ 104,327 $ 69,549 $ 51,623 Ordinary income (qualified) — — — Capital gains 1,096 3,036 259 Return of capital — — — Total $ 105,423 $ 72,585 $ 51,882 As of December 31, 2023 and December 31, 2022, the costs of investments for the Company for U.S. federal income tax purposes were $1,314,585 and $1,185,794, respectively. December 31, 2023 December 31, 2022 Tax cost $ 1,314,585 $ 1,185,794 Gross unrealized appreciation on investments 244,940 84,234 Gross unrealized depreciation on investments (239,090) (96,629) Total investments at fair value $ 1,320,435 $ 1,173,399 As of December 31, 2023 and December 31, 2022, the components of distributable earnings on a tax basis differ from the amounts reflected per the Company's Consolidated Statements of Assets and Liabilities by temporary book/tax differences primarily arising from differences between the tax and book basis of the Company's investment in securities held directly and undistributed income. For the years ended December 31, 2023, December 31, 2022 and December 31, 2021, the Company's components of accumulated earnings (deficit) on a tax basis were as follows: Year Ended December 31, 2023 2022 2021 Accumulated capital gains (capital loss carryforwards) $ — $ — $ — Other temporary differences (1,738) (638) (677) Undistributed ordinary income — 563 — Unrealized appreciation (depreciation) 5,849 (12,395) 13,347 Total $ 4,111 $ (12,470) $ 12,670 The Company is subject to a 4.0% nondeductible federal excise tax on certain undistributed income unless the Company distributes, in a timely manner as required by the Code, an amount at least equal to the sum of (1) 98.0% of its respective net ordinary income earned for the calendar year and (2) 98.2% of its respective capital gain net income for the one-year period ending October 31 in the calendar year. For the years ended December 31, 2023, December 31, 2022 and December 31, 2021, the Company incurred excise taxes of $0, $0 and $3, respectively. The following information is hereby provided with respect to distributions declared during the years ended December 31, 2023, December 31, 2022 and December 31, 2021: Year Ended December 31, 2023 2022 2021 Distributions per share $ 1.3160 $ 1.0028 $ 1.0908 Ordinary dividends (1) 98.96 % 96.94 % 99.58 % Long-term capital gains 1.04 % 3.06 % 0.42 % Qualified dividend income — % — % — % Dividends received deduction — % — % — % Interest-related dividends (2) 97.13 % 92.24 % 73.01 % Qualified short-term capital gains (2) — % — % — % Return of capital — % — % — % (1) Ordinary dividends are from the Company's net investment income and net short-term capital gains for the year. This type of dividend is reported as ordinary income. Ordinary dividend distributions from a RIC generally do not qualify for the preferential tax rate on dividend income from domestic corporations and qualified foreign corporations except to the extent that the RIC received the income in the form of qualifying dividends from domestic corporations and qualified foreign corporations. (2) Interest-related dividends and short-term capital gain dividends received by nonresident aliens and foreign corporations are generally eligible for exemption from U.S. withholding tax in accordance with Sections 871(k) and 881(e) of the Code. |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Earnings Per Share The following information sets forth the computation of basic net increase (decrease) in the Company's net assets per share resulting from operations for the years ended December 31, 2023, December 31, 2022 and December 31, 2021: Year Ended December 31, 2023 2022 2021 Earnings per share—basic & diluted Numerator for basic & diluted earnings per share: $ 122,004 $ 47,444 $ 41,108 Denominator for basic & diluted weighted average share: 79,577,910 71,995,717 42,261,286 Basic & diluted earnings per share: $ 1.53 $ 0.66 $ 0.97 |
Financial Highlights
Financial Highlights | 12 Months Ended |
Dec. 31, 2023 | |
Investment Company [Abstract] | |
Financial Highlights | Financial Highlights The following information sets forth the Company's financial highlights for the years ended December 31, 2023, December 31, 2022 and December 31, 2021. Year Ended December 31, 2023 2022 2021 Per share data:(1) Net asset value at the beginning of the period $ 10.29 $ 10.63 $ 10.85 Net investment income 1.32 1.02 1.19 Net realized and unrealized gains (losses) (2) 0.21 (0.36) (0.32) Net increase in net assets resulting from operations 1.53 0.66 0.87 Distributions declared to stockholders from net investment income (1.32) (1.00) (1.09) Net asset value at the end of the period $ 10.50 $ 10.29 $ 10.63 Total return(3) 15.57 % 6.47 % 8.35 % Shares outstanding at end of period 82,381,922 73,750,032 67,739,484 Average weighted shares outstanding for the period 79,577,910 71,995,717 42,261,286 Average net assets for the period $ 824,216 $ 757,628 $ 455,283 Ratio to average net assets: Net investment income 12.76 % 9.66 % 11.08 % Total expenses, before waivers 4.82 % 3.44 % 2.66 % Average debt outstanding — Wells Subscription Line(4) N/A N/A $ 4,071 Average debt outstanding — Wells Credit Facility $ 384,168 $ 382,837 $ 205,759 Asset coverage ratio 299.41 % 292.41 % 326.45 % Portfolio turnover 9.18 % 17.29 % 33.65 % Capital Commitments $ 690,000 $ 690,000 $ 690,000 Funded Capital Commitments $ 690,000 $ 690,000 $ 690,000 % of Capital Commitments funded 100.00 % 100.00 % 100.00 % (1) Per share data is based on weighted average shares outstanding for the respective period (except for issuance of shares of common stock and distributions declared to stockholders, which are based on actual rate per share). (2) The total amount shown may not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions which for the years ended December 31, 2023, December 31, 2022 and December 31, 2021 was $0.00, $0.00 and $(0.10) per share, respectively. (3) Total return is calculated assuming a purchase at net asset value per share on the opening of the first day of the year and a sale at net asset value per share on the last day of the period. Dividends and distributions, if any, are assumed for purposes of this calculation, to be reinvested at net asset value per share on the last day of the respective quarter. (4) For the year ended December 31, 2021, average debt outstanding represents the period from January 1, 2021 to December 3, 2021 (termination of the Wells Subscription Line). |
Recent Accounting Standards Upd
Recent Accounting Standards Updates | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Changes and Error Corrections [Abstract] | |
Recent Accounting Standards Updates | Recent Accounting Standards Updates In March 2020, the Financial Accounting Standards Board (the "FASB") issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective as of March 12, 2020 through December 31, 2022. Management is currently evaluating the impact of the optional guidance on the Company's consolidated financial statements and disclosures. The Company did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the years ended December 31, 2023, December 31, 2022 and December 31, 2021. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which deferred the sunset day of this guidance to December 31, 2024. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. The U.S. Securities and Exchange Commission (the “SEC”) adopted a new rule providing a framework for fund valuation practices. Rule 2a-5 under the 1940 Act (“Rule 2a-5”) establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 will permit boards, subject to board oversight and certain other conditions, to designate certain parties to perform fair value determinations. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must determine the fair value of a security. Rule 31a-4 under the 1940 Act (“Rule 31a-4”) also provides the recordkeeping requirements associated with fair value determinations. While the Board has not elected to designate the Investment Adviser as the valuation designee, the Company has adopted certain revisions to its valuation policies and procedures in order comply with the applicable requirements of Rule 2a-5 and Rule 31a-4. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events On January 19, 2024, the Company issued 5,430,849 shares of common stock through the Company's DRIP. |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Pay vs Performance Disclosure | |||
Net increase in net assets resulting from operations | $ 122,004 | $ 47,444 | $ 41,108 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Dec. 31, 2023 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of accounting | Basis of accounting —The Company's consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States. ("GAAP"). The Company is an investment company following accounting and reporting guidance in Accounting Standards Codification Topic 946, Financial Services — Investment Companies ("ASC 946"). The Company consolidates its wholly-owned direct subsidiary SLF I SPV. The Company's consolidated financial statements reflect all adjustments and reclassifications which, in the opinion of management, are necessary for the fair presentation of the results of operations and financial condition for the period(s) presented. The Company's consolidated financial statements have eliminated all intercompany transactions. Revenues are recognized when earned and expenses when incurred. The financial results of the Company's portfolio investments are not consolidated in the financial statements. |
Investments | Investments —The Company applies fair value accounting in accordance with GAAP. Fair value is the amount 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. Investments are reflected on the Company's Consolidated Statements of Assets and Liabilities at fair value, with changes in unrealized gains and losses resulting from changes in fair value reflected in the Company's Consolidated Statements of Operations as "Net change in unrealized appreciation (depreciation) of investments" and realizations on portfolio investments reflected in the Company's Consolidated Statements of Operations as "Net realized (losses) gains on investments". The Company's underlying assets are considered, for purposes of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and any regulations promulgated thereunder, and Section 4975 of the Code, to be assets of certain employee benefit plans and other plans that purchase shares. Under such circumstances, the Company's investments and the activities of the Investment Adviser are subject to and, in certain cases, limited by, such laws. The Company values its assets on a quarterly basis, or more frequently if required under the 1940 Act. In all cases, the Board of Directors of the Company (the "Board") is ultimately and solely responsible for determining the fair value of the portfolio investments on a quarterly basis in good faith, including investments that are not publicly traded, those whose market prices are not readily available and any other situation where its portfolio investments require a fair value determination. Security transactions are accounted for on a trade date basis. Because (i) "benefit plan investors", as defined in Section 3(42) of ERISA ("Benefit Plan Investors"), hold 25% or more of the Company's outstanding shares, and (ii) the Company's shares are not listed on a national securities exchange, an unaffiliated third-party (the "Sub-Administrator"), has been engaged to independently value the Company's investments, in consultation with the Investment Adviser. The Company's quarterly valuation procedures, which are the procedures that will be followed by such Sub-Administrator, are set forth in more detail below: (1) Investments for which market quotations are readily available on an exchange are valued at such market quotations based on the closing price indicated from independent pricing services. (2) Investments for which indicative prices are obtained from various pricing services and/or brokers or dealers are valued through a multi-step valuation process, as described below, to determine whether the quote(s) obtained is representative of fair value in accordance with GAAP. a. Bond quotes are obtained through independent pricing services. Internal reviews are performed by the personnel of the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser, to ensure that the quote obtained is representative of fair value in accordance with GAAP and, if so, the quote is used. If the Sub-Administrator is unable to sufficiently validate the quote(s) internally and if the investment's par value exceeds a certain materiality threshold, the investment is valued similarly to those assets with no readily available quotes (see (3) below); and b. For investments other than bonds, the personnel of the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser, look at the number of quotes readily available and perform the following procedures: i. Investments for which two or more quotes are received from a pricing service are valued using the mean of the mean of the bid and ask of the quotes obtained. If an IHS Markit Ltd. quote differs from the Refinitiv (formerly known as Thomson Reuters) quote by +/- 5% or if the spread between the bid and ask for a quote is greater than 10%, the personnel of the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser, will evaluate the reasonableness of the quote, and if the quote is determined to not be representative of fair value, the personnel of the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser, will use one or more of the methodologies outlined below to determine fair value; and ii. Investments for which one quote is received from a pricing service are validated by the Sub-Administrator, in consultation with the investment professionals at the Investment Adviser. The personnel of the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser, analyze the market quotes obtained using an array of valuation methods (further described below) to validate the fair value. For assets where a supporting analysis is prepared, the Sub-Administrator will document the selection and appropriateness of the indices selected for yield comparison and a conclusion documenting how the yield comparison analysis supports the proposed mark. The quarterly portfolio company monitoring reports which detail the qualitative and quantitative performance of the portfolio company will also be included. If the Sub-Administrator, in consultation with the investment professionals at the Investment Adviser, is unable to sufficiently validate the quote internally and if the investment's par value exceeds a certain materiality threshold, the investment is valued similarly to those assets with no readily available quotes (see (3) below). (3) Investments for which quotations are not readily available through exchanges, pricing services, brokers, or dealers are valued through a multi-step valuation process: a. Each portfolio company or investment is initially valued by the Sub-Administrator, in consultation with the investment professionals of the Investment Adviser responsible for the credit monitoring; and b. Preliminary valuation conclusions will then be documented and discussed with the Company's senior management. For investments in revolving credit facilities and delayed draw commitments, the cost basis of the funded investments purchased is offset by any costs/netbacks received for any unfunded portion on the total balance committed. The fair value is also adjusted for the price appreciation or depreciation on the unfunded portion. As a result, the purchase of a commitment not completely funded may result in a negative fair value until it is called and funded. The values assigned to investments are based upon available information and do not necessarily represent amounts which might ultimately be realized, since such amounts depend on future circumstances and cannot be reasonably determined until the individual positions are liquidated. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company's investments may fluctuate from period to period and the fluctuations could be material. In the event Benefit Plan Investors do not hold 25% or more of the Company's outstanding shares, or the Company's shares are listed on a national securities exchange, then (i) personnel of the Investment Adviser will undertake the roles to be performed by the personnel of the Sub-Administrator, as described above and (ii) if an investment falls into category (3) above for four consecutive quarters and the investment's par value or its fair value exceeds a certain materiality threshold, then at least once each fiscal year, the valuation for each portfolio investment for which we do not have a readily available market quotation will be reviewed by an independent valuation firm engaged by the Board. |
Cash and cash equivalents | Cash and cash equivalents |
Revenue recognition | Revenue recognition Sales and paydowns of investments: Realized gains and losses on investments are determined on the specific identification method. Interest income: Interest income, including amortization of premium and discount using the effective interest method, is recorded on the accrual basis and periodically assessed for collectability. Interest income also includes interest earned from cash on hand. Upon the prepayment of a loan or debt security, any prepayment penalties are recorded as part of interest income. The Company has loans in its portfolio that contain a payment-in-kind ("PIK") interest provision. PIK interest is accrued and recorded as income at the contractual rates, if deemed collectible. The PIK interest is added to the principal balance on the capitalization date and is generally due at maturity or when redeemed by the issuer. For the years ended December 31, 2023, December 31, 2022 and December 31, 2021 the Company recognized PIK interest from investments of $6,093, $4,089 and $1,304, respectively. Non-accrual income: Investments are placed on non-accrual status when principal or interest payments are past due for 30 days or more and when there is reasonable doubt that principal or interest will be collected. Accrued cash and un-capitalized PIK interest or dividends are reversed when an investment is placed on non-accrual status. Previously capitalized PIK interest or dividends are not reversed when an investment is placed on non-accrual status. Interest or dividend payments received on non-accrual investments may be recognized as income or applied to principal depending upon management's judgment of the ultimate collectibility. Non-accrual investments are restored to accrual status when past due principal and interest is paid and, in management's judgment, are likely to remain current. As of December 31, 2023, December 31, 2022 and December 31, 2021 no investments were on non-accrual status. Fee income: Fee income represents delayed compensation, amendment fees, revolver fees, upfront fees and other miscellaneous fees received and are typically non-recurring in nature. Delayed compensation is income earned from counterparties on trades that do not settle within a set number of business days after trade date. Fee income may also include fees from bridge loans. The Company may from time to time enter into bridge financing commitments, an obligation to provide interim financing to a counterparty until permanent credit can be obtained. These commitments are short-term in nature and may expire unfunded. A fee is received by the Company for providing such commitments. Structuring fees and upfront fees are recognized as income when earned, usually when paid at the closing of the investment, and are non-refundable. Income received in exchange for the provision of services such as recurring administration services are also recognized as fee income in the period in which it was earned. |
Interest and other financing expenses | Interest and other financing expenses |
Deferred offering costs | Deferred offering costs —The Company's deferred offering costs consists of fees and expenses incurred in connection with the offering of the Company's common stock. Upon the issuance of common stock, offering costs are charged as a direct reduction of net assets. Deferred offering costs are included on the Company's Consolidated Statements of Assets and Liabilities and offering costs are included on the Consolidated Statements of Changes in Net Assets. Any organizational and offering expenses paid by the Company in excess of $1,000 will be borne by the Investment Adviser and cannot be recouped by the Investment Adviser. |
Deferred financing costs | Deferred financing costs |
Organizational expenses | Organizational expenses |
Income taxes | Income taxes —The Company has elected to be treated as a RIC for U.S. federal income tax purposes under Subchapter M of the Code and intends to comply with the requirements to qualify and maintain its status as a RIC annually. As a RIC, the Company is not subject to U.S. federal income tax on the portion of taxable income and gains timely distributed to its stockholders. To continue to qualify and be subject to tax treatment as a RIC, the Company is required to meet certain income and asset diversification tests in addition to distributing at least 90.0% of its investment company taxable income, as defined by the Code. Since U.S. federal income tax regulations differ from GAAP, distributions in accordance with tax regulations may differ from net investment income and realized gains recognized for financial reporting purposes. Differences between taxable income and the results of operations for financial reporting purposes may be permanent or temporary in nature. Permanent differences are reclassified among capital accounts in the consolidated financial statements to reflect their tax character. Differences in classification may also result from the treatment of short-term gains as ordinary income for U.S. federal income tax purposes. For U.S. federal income tax purposes, distributions paid to stockholders of the Company are reported as ordinary income, return of capital, long term capital gains or a combination thereof. The Company will be subject to a 4.0% nondeductible federal excise tax on certain undistributed income unless the Company distributes, in a timely manner as required by the Code, an amount at least equal to the sum of (1) 98.0% of its respective net ordinary income earned for the calendar year and (2) 98.2% of its respective capital gain net income for the one-year period ending October 31 in the calendar year. Based on its analysis, the Company has determined that there were no uncertain tax positions that do not meet the more likely than not threshold as defined by Accounting Standards Codification Topic 740, Income Taxes ("ASC 740") through December 31, 2023. The 2021 through 2023 tax years and forward remain subject to examination by the U.S. federal, state, and local tax authorities. |
Earnings per share | Earnings per share |
Distributions | Distributions —Distributions to the Company's stockholders are recorded on the record date as set by the Board. The Company intends to make timely distributions to its stockholders that will be sufficient to enable the Company to qualify and maintain its status as a RIC. The Company intends to distribute approximately all of its net investment income on a semi-annual basis and substantially all of its taxable income on an annual basis, except that the Company may retain certain net capital gains for reinvestment. The Company has adopted a dividend reinvestment plan, as amended from time to time (the "DRIP"), that provides for reinvestment of any distributions declared on behalf of its stockholders, unless a stockholder elects to receive cash. |
Use of estimates | Use of estimates —The preparation of the Company's consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Company's consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Changes in the economic environment, financial markets, and other metrics used in determining these estimates could cause actual results to differ from the estimates used, and the differences could be material. |
Fair value | Fair value is the amount 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. Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosure ("ASC 820") establishes a fair value hierarchy that prioritizes and ranks the inputs to valuation techniques used in measuring investments at fair value. The hierarchy classifies the inputs used in measuring fair value into three levels as follows: Level I —Quoted prices (unadjusted) are available in active markets for identical investments and the Company has the ability to access such quotes as of the reporting date. The type of investments which would generally be included in Level I include active exchange-traded equity securities and exchange-traded derivatives. As required by ASC 820, the Company, to the extent that it holds such investments, does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price. Level II —Pricing inputs are observable for the investments, either directly or indirectly, as of the reporting date, but are not the same as those used in Level I. Level II inputs include the following: • Quoted prices for similar assets or liabilities in active markets; • Quoted prices for identical or similar assets or liabilities in non-active markets (examples include corporate and municipal bonds, which trade infrequently); • Pricing models whose inputs are observable for substantially the full term of the asset or liability (examples include most over-the-counter derivatives, including foreign exchange forward contracts); and • Pricing models whose inputs are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability. Level III —Pricing inputs are unobservable for the investment and include situations where there is little, if any, market activity for the investment. The inputs used to measure fair value may fall into different levels. In all instances when the inputs fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level of input that is significant to the fair value measurement in its entirety. As such, a Level III fair value measurement may include inputs that are both observable and unobservable. Gains and losses for such assets categorized within the Level III table below may include changes in fair value that are attributable to both observable inputs and unobservable inputs. The inputs into the determination of fair value require significant judgment or estimation by management and consideration of factors specific to each investment. A review of the fair value hierarchy classifications is conducted on a quarterly basis. Changes in the observability of valuation inputs may result in the transfer of certain investments within the fair value hierarchy from period to period. |
Recent accounting standards updates | Recent Accounting Standards Updates In March 2020, the Financial Accounting Standards Board (the "FASB") issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective as of March 12, 2020 through December 31, 2022. Management is currently evaluating the impact of the optional guidance on the Company's consolidated financial statements and disclosures. The Company did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the years ended December 31, 2023, December 31, 2022 and December 31, 2021. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which deferred the sunset day of this guidance to December 31, 2024. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. The U.S. Securities and Exchange Commission (the “SEC”) adopted a new rule providing a framework for fund valuation practices. Rule 2a-5 under the 1940 Act (“Rule 2a-5”) establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 will permit boards, subject to board oversight and certain other conditions, to designate certain parties to perform fair value determinations. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must determine the fair value of a security. Rule 31a-4 under the 1940 Act (“Rule 31a-4”) also provides the recordkeeping requirements associated with fair value determinations. While the Board has not elected to designate the Investment Adviser as the valuation designee, the Company has adopted certain revisions to its valuation policies and procedures in order comply with the applicable requirements of Rule 2a-5 and Rule 31a-4. |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Schedule of Investments [Abstract] | |
Schedule of Investments | At December 31, 2023, the Company's investments consisted of the following: Investment Cost and Fair Value by Type Cost Fair Value First lien $ 1,261,268 $ 1,260,387 Second lien 59,103 58,870 Subordinated 1,084 1,178 Equity and other(1) — — Total investments $ 1,321,455 $ 1,320,435 (1) As of December 31, 2023, total cost and fair value of equity and other investments were each less than $1 thousand. Investment Cost and Fair Value by Industry Cost Fair Value Software $ 533,247 $ 535,183 Business Services 301,090 302,599 Healthcare 208,815 204,943 Financial Services 97,914 98,558 Consumer Services 51,517 51,576 Education 34,168 34,468 Distribution & Logistics 22,626 21,938 Consumer Products 22,650 20,971 Packaging 17,314 17,315 Food & Beverage 13,425 14,405 Specialty Chemicals & Materials 12,286 12,075 Business Products 6,403 6,404 Total investments $ 1,321,455 $ 1,320,435 At December 31, 2022, the Company's investments consisted of the following: Investment Cost and Fair Value by Type Cost Fair Value First lien $ 1,130,840 $ 1,115,219 Second lien 59,361 57,133 Subordinated 1,045 1,047 Equity and other(1) — — Total investments $ 1,191,246 $ 1,173,399 (1) As of December 31, 2022, total cost and fair value of equity and other investments were each less than $1 thousand. Investment Cost and Fair Value by Industry Cost Fair Value Software $ 480,494 $ 476,479 Business Services 262,842 259,347 Healthcare 201,974 196,864 Financial Services 91,188 89,468 Consumer Services 37,831 37,307 Consumer Products 23,030 22,759 Information Technology 22,799 22,611 Distribution & Logistics 22,437 21,670 Education 17,847 17,197 Packaging 17,290 16,937 Specialty Chemicals & Materials 12,266 11,673 Business Products 1,248 1,087 Total investments $ 1,191,246 $ 1,173,399 |
Fair Value (Tables)
Fair Value (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Schedule of Portfolio Investments by Level in the Fair Value Hierarchy | The following table summarizes the levels in the fair value hierarchy that the Company's portfolio investments fall into as of December 31, 2023: Total Level I Level II Level III First lien $ 1,260,387 $ — $ 92,922 $ 1,167,465 Second lien 58,870 — 16,054 42,816 Subordinated 1,178 — 1,177 1 Equity and other (1) — — — — Total investments $ 1,320,435 $ — $ 110,153 $ 1,210,282 (1) As of December 31, 2023, fair value of equity and other investments was less than $1 thousand. The following table summarizes the levels in the fair value hierarchy that the Company's portfolio investments fall into as of December 31, 2022: Total Level I Level II Level III First lien $ 1,115,219 $ — $ 48,157 $ 1,067,062 Second lien 57,133 — 13,153 43,980 Subordinated 1,047 — 1,046 1 Equity and other (1) — — — — Total investments $ 1,173,399 $ — $ 62,356 $ 1,111,043 (1) As of December 31, 2022, fair value of equity and other investments was less than $1 thousand. |
Changes in Level III Portfolio Investments | The following table summarizes the changes in fair value of Level III portfolio investments for the year ended December 31, 2023, as well as the portion of appreciation (depreciation) included in income attributable to unrealized appreciation (depreciation) related to those assets and liabilities still held by the Company at December 31, 2023: Total First Lien Second Lien Subordinated Equity and other Fair value, December 31, 2022 $ 1,111,043 $ 1,067,062 $ 43,980 $ 1 $ — Total gains or losses included in earnings: Net realized losses on investments (80) (80) — — — Net change in unrealized appreciation 14,151 12,815 1,336 — — Purchases, including capitalized PIK and revolver fundings 233,087 233,087 — — — (2) Proceeds from sales and paydowns of investments (119,278) (116,778) (2,500) — — Transfers into Level III (1) 1,087 1,087 — — — Transfers out of Level III (1) (29,728) (29,728) — — — Fair value, December 31, 2023 $ 1,210,282 $ 1,167,465 $ 42,816 $ 1 $ — (2) Unrealized appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: $ 12,809 $ 11,564 $ 1,245 $ — $ — (1) As of December 31, 2023, portfolio investments were transferred into Level III from Level II and out of Level III into Level II at fair value as of the beginning of the period in which the reclassification occurred. (2) As of December 31, 2023, fair value of equity and other investments was less than $1 thousand. The following table summarizes the changes in fair value of Level III portfolio investments for the year ended December 31, 2022, as well as the portion of appreciation (depreciation) included in income attributable to unrealized appreciation (depreciation) related to those assets and liabilities still held by the Company at December 31, 2022: Total First Lien Second Lien Subordinated Equity and other Fair value, December 31, 2021 $ 903,911 $ 867,102 $ 36,809 $ — $ — Total gains or losses included in earnings: Net realized losses on investments (726) (726) — — — Net change in unrealized depreciation (15,483) (13,675) (1,808) — — Purchases, including capitalized PIK and revolver fundings 338,765 327,504 11,260 1 — (2) Proceeds from sales and paydowns of investments (188,440) (179,671) (8,769) — — Transfers into Level III (1) 73,016 66,528 6,488 — — Fair value, December 31, 2022 $ 1,111,043 $ 1,067,062 $ 43,980 $ 1 $ — (2) Unrealized depreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: $ (16,040) $ (14,059) $ (1,981) $ — $ — (1) As of December 31, 2022, portfolio investments were transferred out of Level II into Level III at fair value as of the beginning of the period in which the reclassification occurred. (2) As of December 31, 2022, fair value of equity and other investments was less than $1 thousand. |
Schedule of Fair Value Measurement Inputs and Valuation Techniques | The unobservable inputs used in the fair value measurement of the Company's Level III investments as of December 31, 2023 were as follows: Range Type Fair Value as of December 31, 2023 Approach Unobservable Input Low High Weighted First lien $ 1,115,657 Market & income approach EBITDA multiple 5.0x 44.0x 17.6x Revenue multiple 5.0x 20.5x 10.2x Discount rate 7.2 % 21.3 % 10.2 % 51,808 Other N/A (2) N/A N/A N/A Second lien 42,816 Market & income approach EBITDA multiple 14.0x 18.0x 15.8x Discount rate 9.2 % 12.9 % 11.3 % Subordinated 1 Market & income approach EBITDA multiple 22.0x 22.0x 22.0x Discount rate 12.9% 12.9% 12.9% Equity and other (3) — Market & income approach Revenue multiple 9.0x 11.0x 10.0x Discount rate 15.0 % 15.0 % 15.0 % $ 1,210,282 (1) Unobservable inputs were weighted by the relative fair value of the investments. (2) Fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date. (3) As of December 31, 2023, fair value of equity and other investments was less than $1 thousand. The unobservable inputs used in the fair value measurement of the Company's Level III investments as of December 31, 2022 were as follows: Range Type Fair Value as of December 31, 2022 Approach Unobservable Input Low High Weighted First lien $ 1,060,036 Market & income approach EBITDA multiple 8.7x 70.0x 18.9x Revenue multiple 5.0x 19.5x 9.8x Discount rate 8.3 % 29.4 % 10.5 % 7,026 Other N/A (2) N/A N/A N/A Second lien 43,980 Market & income approach EBITDA multiple 14.0x 32.0x 20.0x Discount rate 11.2 % 13.8 % 11.8 % Subordinated 1 Market & income approach EBITDA multiple 23.5x 23.5x 23.5x Discount rate 14.8% 14.8% 14.8% Equity and other (3) — Market & income approach Revenue multiple 10.5x 12.5x 11.5x Discount rate 15.0 % 17.0 % 16.0 % $ 1,111,043 (1) Unobservable inputs were weighted by the relative fair value of the investments. (2) Fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date. (3) As of December 31, 2022, fair value of equity and other investments was less than $1 thousand. |
Schedule of Principal Amounts and Fair Values of Borrowings | The following are the principal amount and fair value of the Company’s debt obligation as of December 31, 2023 and December 31, 2022. Fair value is estimated by discounting remaining payments using applicable current market rates, which take into account changes in the Company’s marketplace credit ratings, or market quotes, if available. December 31, 2023 December 31, 2022 Principal Amount Fair Value Principal Amount Fair Value Wells Credit Facility $ 433,800 $ 428,907 $ 394,500 $ 388,181 |
Borrowings (Tables)
Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of Information Related to Borrowings | The following table summarizes the interest expense, non-usage fee and amortization of financing costs incurred on the Wells Credit Facility for the years ended December 31, 2023, December 31, 2022 and December 31, 2021: Year Ended December 31, (in millions) 2023 2022 2021 Interest expense $ 27,895 $ 15,461 $ 4,411 Non-usage fee 393 336 350 Amortization of financing costs 984 887 647 Weighted average interest rate 7.2 % 4.0 % 2.1 % Effective interest rate 7.6 % 4.4 % 2.6 % Average debt outstanding $ 384,168 $ 382,837 $ 205,759 The following table summarizes the interest expense, non-usage fee and amortization of financing costs incurred on the Wells Subscription Line for the year ended December 31, 2021: Year Ended December 31, (in millions) 2021(1) Interest expense $ 61 Non-usage fee 86 Amortization of financing costs 249 Weighted average interest rate 1.6 % Effective interest rate 9.7 % Average debt outstanding $ 4,071 (1) For the year ended December 31, 2021, amounts represent the period from January 1, 2021 to December 3, 2021 (termination of the Wells Subscription Line). |
Net Assets (Tables)
Net Assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Equity [Abstract] | |
Schedule of Total Shares of Common Stock Issued and Proceeds Received Related to Drawdowns Delivered Pursuant to the Subscription Agreements | There were no shares of common stock issued or proceeds received related to capital drawdowns delivered pursuant to the Subscription Agreements for the year ended December 31, 2023 and for the year ended December 31, 2022: The following table summarizes the total shares of common stock issued and proceeds received related to capital drawdowns delivered pursuant to the Subscription Agreements for the year ended December 31, 2021: Drawdown Date Shares Issue Date Shares Issued Aggregate Offering Price August 16, 2021 August 30, 2021 14,094,708 $ 151,800 December 1, 2021 December 15, 2021 16,166,822 172,500 30,261,530 $ 324,300 |
Schedule of Distributions Dividend Declared | The following table reflects the distributions declared on the Company's common stock for the year ended December 31, 2023: Date Declared Record Date Payment Date Per Share Amount March 30, 2023 March 31, 2023 July 20, 2023 $ 0.3100 June 26, 2023 June 29, 2023 July 20, 2023 0.3200 September 27, 2023 September 28, 2023 January 19, 2024 0.3310 December 19, 2023 December 28, 2023 January 19, 2024 0.3550 $ 1.3160 The following table reflects the distributions declared on the Company's common stock for the year ended December 31, 2022: Date Declared Record Date Payment Date Per Share Amount March 29, 2022 March 30, 2022 July 20, 2022 $ 0.2200 June 27, 2022 June 29, 2022 July 20, 2022 0.2338 September 28, 2022 September 29, 2022 January 20, 2023 0.2530 December 23, 2022 December 30, 2022 January 20, 2023 0.2960 $ 1.0028 The following table reflects the distributions declared on the Company's common stock for the year ended December 31, 2021: Date Declared Record Date Payment Date Per Share Amount March 26, 2021 March 30, 2021 April 13, 2021 $ 0.2557 June 25, 2021 June 29, 2021 July 13, 2021 0.2945 September 28, 2021 September 29, 2021 January 13, 2022 0.2845 December 23, 2021 December 30, 2021 January 13, 2022 0.2561 $ 1.0908 |
Distributions (Tables)
Distributions (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Investment Company, Change in Net Assets | During the years ended December 31, 2023, December 31, 2022 and December 31, 2021, the Company's reclassifications of amounts for book purposes arising from permanent book/tax differences primarily related to reclass of distributions were as follows: Year Ended December 31, 2023 2022 2021 Undistributed net investment income $ 790 $ 3,036 $ 2,175 Distributions in excess of net realized gains (790) (3,036) — Additional paid-in-capital — — (2,175) |
Schedule of Tax Character of Distributions | The tax character of distributions paid by the Company for the years ended December 31, 2023, December 31, 2022 and December 31, 2021 was estimated to be as follows: Year Ended December 31, 2023 2022 2021 Ordinary income (non-qualified) $ 104,327 $ 69,549 $ 51,623 Ordinary income (qualified) — — — Capital gains 1,096 3,036 259 Return of capital — — — Total $ 105,423 $ 72,585 $ 51,882 The following information is hereby provided with respect to distributions declared during the years ended December 31, 2023, December 31, 2022 and December 31, 2021: Year Ended December 31, 2023 2022 2021 Distributions per share $ 1.3160 $ 1.0028 $ 1.0908 Ordinary dividends (1) 98.96 % 96.94 % 99.58 % Long-term capital gains 1.04 % 3.06 % 0.42 % Qualified dividend income — % — % — % Dividends received deduction — % — % — % Interest-related dividends (2) 97.13 % 92.24 % 73.01 % Qualified short-term capital gains (2) — % — % — % Return of capital — % — % — % (1) Ordinary dividends are from the Company's net investment income and net short-term capital gains for the year. This type of dividend is reported as ordinary income. Ordinary dividend distributions from a RIC generally do not qualify for the preferential tax rate on dividend income from domestic corporations and qualified foreign corporations except to the extent that the RIC received the income in the form of qualifying dividends from domestic corporations and qualified foreign corporations. (2) Interest-related dividends and short-term capital gain dividends received by nonresident aliens and foreign corporations are generally eligible for exemption from U.S. withholding tax in accordance with Sections 871(k) and 881(e) of the Code. |
Schedule of Costs of Investments for Tax Purposes | As of December 31, 2023 and December 31, 2022, the costs of investments for the Company for U.S. federal income tax purposes were $1,314,585 and $1,185,794, respectively. December 31, 2023 December 31, 2022 Tax cost $ 1,314,585 $ 1,185,794 Gross unrealized appreciation on investments 244,940 84,234 Gross unrealized depreciation on investments (239,090) (96,629) Total investments at fair value $ 1,320,435 $ 1,173,399 |
Schedule of Components of Accumulated Earnings (Deficit) | For the years ended December 31, 2023, December 31, 2022 and December 31, 2021, the Company's components of accumulated earnings (deficit) on a tax basis were as follows: Year Ended December 31, 2023 2022 2021 Accumulated capital gains (capital loss carryforwards) $ — $ — $ — Other temporary differences (1,738) (638) (677) Undistributed ordinary income — 563 — Unrealized appreciation (depreciation) 5,849 (12,395) 13,347 Total $ 4,111 $ (12,470) $ 12,670 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Share [Abstract] | |
Schedule of Basic and Diluted Earnings Per Share | The following information sets forth the computation of basic net increase (decrease) in the Company's net assets per share resulting from operations for the years ended December 31, 2023, December 31, 2022 and December 31, 2021: Year Ended December 31, 2023 2022 2021 Earnings per share—basic & diluted Numerator for basic & diluted earnings per share: $ 122,004 $ 47,444 $ 41,108 Denominator for basic & diluted weighted average share: 79,577,910 71,995,717 42,261,286 Basic & diluted earnings per share: $ 1.53 $ 0.66 $ 0.97 |
Financial Highlights (Tables)
Financial Highlights (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Investment Company [Abstract] | |
Schedule of Financial Highlights | The following information sets forth the Company's financial highlights for the years ended December 31, 2023, December 31, 2022 and December 31, 2021. Year Ended December 31, 2023 2022 2021 Per share data:(1) Net asset value at the beginning of the period $ 10.29 $ 10.63 $ 10.85 Net investment income 1.32 1.02 1.19 Net realized and unrealized gains (losses) (2) 0.21 (0.36) (0.32) Net increase in net assets resulting from operations 1.53 0.66 0.87 Distributions declared to stockholders from net investment income (1.32) (1.00) (1.09) Net asset value at the end of the period $ 10.50 $ 10.29 $ 10.63 Total return(3) 15.57 % 6.47 % 8.35 % Shares outstanding at end of period 82,381,922 73,750,032 67,739,484 Average weighted shares outstanding for the period 79,577,910 71,995,717 42,261,286 Average net assets for the period $ 824,216 $ 757,628 $ 455,283 Ratio to average net assets: Net investment income 12.76 % 9.66 % 11.08 % Total expenses, before waivers 4.82 % 3.44 % 2.66 % Average debt outstanding — Wells Subscription Line(4) N/A N/A $ 4,071 Average debt outstanding — Wells Credit Facility $ 384,168 $ 382,837 $ 205,759 Asset coverage ratio 299.41 % 292.41 % 326.45 % Portfolio turnover 9.18 % 17.29 % 33.65 % Capital Commitments $ 690,000 $ 690,000 $ 690,000 Funded Capital Commitments $ 690,000 $ 690,000 $ 690,000 % of Capital Commitments funded 100.00 % 100.00 % 100.00 % (1) Per share data is based on weighted average shares outstanding for the respective period (except for issuance of shares of common stock and distributions declared to stockholders, which are based on actual rate per share). (2) The total amount shown may not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions which for the years ended December 31, 2023, December 31, 2022 and December 31, 2021 was $0.00, $0.00 and $(0.10) per share, respectively. (3) Total return is calculated assuming a purchase at net asset value per share on the opening of the first day of the year and a sale at net asset value per share on the last day of the period. Dividends and distributions, if any, are assumed for purposes of this calculation, to be reinvested at net asset value per share on the last day of the respective quarter. (4) For the year ended December 31, 2021, average debt outstanding represents the period from January 1, 2021 to December 3, 2021 (termination of the Wells Subscription Line). |
Formation and Business Purpose
Formation and Business Purpose (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Sep. 30, 2023 | Feb. 18, 2020 | |
Summary of Investment Holdings [Line Items] | |||
Investment company, investment period, automatic extension | 1 year | 1 year | |
Investment company, investment period, automatic extension or termination, written notice period, minimum | 90 days | ||
Investment company, expiration of Investment period, commencement of wind up of operations, period | 2 years | ||
Investment company, expiration of Investment period, commencement of wind up of operations, extension period | 1 year | ||
Minimum | |||
Summary of Investment Holdings [Line Items] | |||
Investment company, investment owned, investment objective, middle market business, EBITDA | $ 10,000 | ||
Maximum | |||
Summary of Investment Holdings [Line Items] | |||
Investment company, investment owned, investment objective, middle market business, EBITDA | 200,000 | ||
New Mountain Capital | |||
Summary of Investment Holdings [Line Items] | |||
Assets under management, carrying amount | $ 50,000,000 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details) | 12 Months Ended | ||
Dec. 31, 2023 USD ($) investment shares | Dec. 31, 2022 USD ($) investment shares | Dec. 31, 2021 USD ($) investment shares | |
Accounting Policies [Abstract] | |||
Cash equivalents | $ 0 | $ 0 | |
PIK interest income | $ 6,093,000 | $ 4,089,000 | $ 1,304,000 |
Investments threshold period past due for nonaccrual status | 30 days | ||
Investment owned, nonaccrual, number of investments | investment | 0 | 0 | 0 |
Deferring offering costs, maximum amount | $ 1,000 | ||
Organizational expenses, maximum amount | $ 1,000 | ||
Stock issued during period, shares, dividend reinvestment plan (in shares) | shares | 8,631,890 | 6,010,548 | 1,829,609 |
Investments - Investment Cost a
Investments - Investment Cost and Fair Value by Type and by Industry (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Schedule of Investments [Line Items] | ||
Cost | $ 1,321,455 | $ 1,191,246 |
Fair Value | 1,320,435 | 1,173,399 |
Software | ||
Schedule of Investments [Line Items] | ||
Cost | 533,247 | 480,494 |
Fair Value | 535,183 | 476,479 |
Business Services | ||
Schedule of Investments [Line Items] | ||
Cost | 301,090 | 262,842 |
Fair Value | 302,599 | 259,347 |
Healthcare | ||
Schedule of Investments [Line Items] | ||
Cost | 208,815 | 201,974 |
Fair Value | 204,943 | 196,864 |
Financial Services | ||
Schedule of Investments [Line Items] | ||
Cost | 97,914 | 91,188 |
Fair Value | 98,558 | 89,468 |
Consumer Services | ||
Schedule of Investments [Line Items] | ||
Cost | 51,517 | 37,831 |
Fair Value | 51,576 | 37,307 |
Consumer Products | ||
Schedule of Investments [Line Items] | ||
Cost | 22,650 | 23,030 |
Fair Value | 20,971 | 22,759 |
Information Technology | ||
Schedule of Investments [Line Items] | ||
Cost | 22,799 | |
Fair Value | 22,611 | |
Distribution & Logistics | ||
Schedule of Investments [Line Items] | ||
Cost | 22,626 | 22,437 |
Fair Value | 21,938 | 21,670 |
Education | ||
Schedule of Investments [Line Items] | ||
Cost | 34,168 | 17,847 |
Fair Value | 34,468 | 17,197 |
Packaging | ||
Schedule of Investments [Line Items] | ||
Cost | 17,314 | 17,290 |
Fair Value | 17,315 | 16,937 |
Food & Beverage | ||
Schedule of Investments [Line Items] | ||
Cost | 13,425 | |
Fair Value | 14,405 | |
Specialty Chemicals & Materials | ||
Schedule of Investments [Line Items] | ||
Cost | 12,286 | 12,266 |
Fair Value | 12,075 | 11,673 |
Business Products | ||
Schedule of Investments [Line Items] | ||
Cost | 6,403 | 1,248 |
Fair Value | 6,404 | 1,087 |
First lien | ||
Schedule of Investments [Line Items] | ||
Cost | 1,261,268 | 1,130,840 |
Fair Value | 1,260,387 | 1,115,219 |
Second lien | ||
Schedule of Investments [Line Items] | ||
Cost | 59,103 | 59,361 |
Fair Value | 58,870 | 57,133 |
Subordinated | ||
Schedule of Investments [Line Items] | ||
Cost | 1,084 | 1,045 |
Fair Value | 1,178 | 1,047 |
Equity and other | ||
Schedule of Investments [Line Items] | ||
Cost | 0 | 0 |
Fair Value | $ 0 | $ 0 |
Investments - Narrative (Detail
Investments - Narrative (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Unfunded Debt Securities, Revolving Credit Facilities | ||
Investment Company, Nonconsolidated Subsidiary [Line Items] | ||
Principal amount | $ 66,127,000 | $ 56,169,000 |
Unfunded Debt Securities, Bridge Facilities | ||
Investment Company, Nonconsolidated Subsidiary [Line Items] | ||
Principal amount | 0 | 0 |
Unfunded Debt Securities, Delayed Draws Or Other Future Funding Commitments | ||
Investment Company, Nonconsolidated Subsidiary [Line Items] | ||
Principal amount | $ 46,471,000 | $ 71,683,000 |
Fair Value - Fair Value Levels
Fair Value - Fair Value Levels (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | $ 1,320,435 | $ 1,173,399 |
Level I | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 0 | 0 |
Level II | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 110,153 | 62,356 |
Level III | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 1,210,282 | 1,111,043 |
First lien | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 1,260,387 | 1,115,219 |
First lien | Level I | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 0 | 0 |
First lien | Level II | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 92,922 | 48,157 |
First lien | Level III | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 1,167,465 | 1,067,062 |
Second lien | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 58,870 | 57,133 |
Second lien | Level I | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 0 | 0 |
Second lien | Level II | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 16,054 | 13,153 |
Second lien | Level III | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 42,816 | 43,980 |
Subordinated | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 1,178 | 1,047 |
Subordinated | Level I | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 0 | 0 |
Subordinated | Level II | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 1,177 | 1,046 |
Subordinated | Level III | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 1 | 1 |
Equity and other | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 0 | 0 |
Equity and other | Level I | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 0 | 0 |
Equity and other | Level II | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | 0 | 0 |
Equity and other | Level III | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investments | $ 0 | $ 0 |
Fair Value - Level III Rollforw
Fair Value - Level III Rollforward (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Total | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning balance | $ 1,111,043 | $ 903,911 |
Purchases, including capitalized PIK and revolver fundings | 233,087 | 338,765 |
Proceeds from sales and paydowns of investments | (119,278) | (188,440) |
Transfers into Level III | 1,087 | 73,016 |
Transfers out of Level III | (29,728) | |
Ending balance | 1,210,282 | 1,111,043 |
Unrealized appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: | 12,809 | (16,040) |
Total | Net realized losses on investments | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | (80) | (726) |
Total | Net change in unrealized appreciation | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 14,151 | (15,483) |
First lien | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning balance | 1,067,062 | 867,102 |
Purchases, including capitalized PIK and revolver fundings | 233,087 | 327,504 |
Proceeds from sales and paydowns of investments | (116,778) | (179,671) |
Transfers into Level III | 1,087 | 66,528 |
Transfers out of Level III | (29,728) | |
Ending balance | 1,167,465 | 1,067,062 |
Unrealized appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: | 11,564 | (14,059) |
First lien | Net realized losses on investments | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | (80) | (726) |
First lien | Net change in unrealized appreciation | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 12,815 | (13,675) |
Second lien | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning balance | 43,980 | 36,809 |
Purchases, including capitalized PIK and revolver fundings | 0 | 11,260 |
Proceeds from sales and paydowns of investments | (2,500) | (8,769) |
Transfers into Level III | 0 | 6,488 |
Transfers out of Level III | 0 | |
Ending balance | 42,816 | 43,980 |
Unrealized appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: | 1,245 | (1,981) |
Second lien | Net realized losses on investments | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 0 | 0 |
Second lien | Net change in unrealized appreciation | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 1,336 | (1,808) |
Subordinated | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning balance | 1 | 0 |
Purchases, including capitalized PIK and revolver fundings | 0 | 1 |
Proceeds from sales and paydowns of investments | 0 | 0 |
Transfers into Level III | 0 | 0 |
Transfers out of Level III | 0 | |
Ending balance | 1 | 1 |
Unrealized appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: | 0 | 0 |
Subordinated | Net realized losses on investments | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 0 | 0 |
Subordinated | Net change in unrealized appreciation | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 0 | 0 |
Equity and other | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning balance | 0 | 0 |
Purchases, including capitalized PIK and revolver fundings | 0 | 0 |
Proceeds from sales and paydowns of investments | 0 | 0 |
Transfers into Level III | 0 | 0 |
Transfers out of Level III | 0 | |
Ending balance | 0 | 0 |
Unrealized appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: | 0 | 0 |
Equity and other | Net realized losses on investments | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 0 | 0 |
Equity and other | Net change in unrealized appreciation | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | $ 0 | $ 0 |
Fair Value - Unobservable Input
Fair Value - Unobservable Inputs (Details) $ in Thousands | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | $ 1,320,435 | $ 1,173,399 |
First lien | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | 1,260,387 | 1,115,219 |
Second lien | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | 58,870 | 57,133 |
Subordinated | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | 1,178 | 1,047 |
Equity and other | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | 0 | 0 |
Level III | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | 1,210,282 | 1,111,043 |
Level III | First lien | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | 1,167,465 | 1,067,062 |
Level III | First lien | Market & income approach | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | $ 1,115,657 | $ 1,060,036 |
Level III | First lien | Market & income approach | Low | EBITDA multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.05 | 8.7 |
Level III | First lien | Market & income approach | Low | Revenue multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.05 | 5 |
Level III | First lien | Market & income approach | Low | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.072 | 0.083 |
Level III | First lien | Market & income approach | High | EBITDA multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.44 | 70 |
Level III | First lien | Market & income approach | High | Revenue multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.205 | 19.5 |
Level III | First lien | Market & income approach | High | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.213 | 0.294 |
Level III | First lien | Market & income approach | Weighted Average | EBITDA multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 17.6 | 18.9 |
Level III | First lien | Market & income approach | Weighted Average | Revenue multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 10.2 | 9.8 |
Level III | First lien | Market & income approach | Weighted Average | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.102 | 0.105 |
Level III | First lien | Other | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | $ 51,808 | $ 7,026 |
Level III | Second lien | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | 42,816 | 43,980 |
Level III | Second lien | Market & income approach | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | $ 42,816 | $ 43,980 |
Level III | Second lien | Market & income approach | Low | EBITDA multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.14 | 14 |
Level III | Second lien | Market & income approach | Low | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.092 | 0.112 |
Level III | Second lien | Market & income approach | High | EBITDA multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.18 | 32 |
Level III | Second lien | Market & income approach | High | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.129 | 0.138 |
Level III | Second lien | Market & income approach | Weighted Average | EBITDA multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.158 | 20 |
Level III | Second lien | Market & income approach | Weighted Average | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.113 | 0.118 |
Level III | Subordinated | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | $ 1 | $ 1 |
Level III | Subordinated | Market & income approach | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | $ 1 | $ 1 |
Level III | Subordinated | Market & income approach | Low | EBITDA multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.22 | 23.5 |
Level III | Subordinated | Market & income approach | Low | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.129 | 14.8 |
Level III | Subordinated | Market & income approach | High | EBITDA multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.22 | 23.5 |
Level III | Subordinated | Market & income approach | High | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.129 | 14.8 |
Level III | Subordinated | Market & income approach | Weighted Average | EBITDA multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.22 | 23.5 |
Level III | Subordinated | Market & income approach | Weighted Average | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.129 | 14.8 |
Level III | Equity and other | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | $ 0 | $ 0 |
Level III | Equity and other | Market & income approach | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Total investments | $ 0 | |
Level III | Equity and other | Market & income approach | Low | Revenue multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.09 | 10.5 |
Level III | Equity and other | Market & income approach | Low | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.150 | 0.150 |
Level III | Equity and other | Market & income approach | High | Revenue multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.11 | 12.5 |
Level III | Equity and other | Market & income approach | High | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.150 | 0.170 |
Level III | Equity and other | Market & income approach | Weighted Average | Revenue multiple | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.10 | 11.5 |
Level III | Equity and other | Market & income approach | Weighted Average | Discount rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Unobservable Input | 0.150 | 0.160 |
Fair Value - Principal Amounts
Fair Value - Principal Amounts and Fair Values of Borrowings (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Principal Amount | ||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | ||
Wells Credit Facility | $ 433,800 | $ 394,500 |
Fair Value | ||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | ||
Wells Credit Facility | $ 428,907 | $ 388,181 |
Agreements and Related Parties
Agreements and Related Parties (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 13, 2020 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Sep. 26, 2022 | |
Related Party Transaction [Line Items] | |||||
Management fee | $ 7,863 | $ 7,015 | $ 4,618 | ||
Investment Management Agreement Assets Invested Equal to or Less than Threshold | Affiliated Entity | |||||
Related Party Transaction [Line Items] | |||||
Management and service fees, base rate | 0.70% | ||||
Investment Management Agreement | Affiliated Entity | |||||
Related Party Transaction [Line Items] | |||||
Management and service fees, base rate calculation, assets invested, threshold | $ 500 | ||||
Management and service fees, base rate calculation based on blended rate, assets invested, maximum | $ 1,000,000 | ||||
Investment Management Agreement Assets Invested Greater than Threshold | Affiliated Entity | |||||
Related Party Transaction [Line Items] | |||||
Management and service fees, base rate | 0.60% |
Borrowings - Narrative (Details
Borrowings - Narrative (Details) - USD ($) $ in Thousands | 1 Months Ended | 7 Months Ended | 22 Months Ended | ||||||
Dec. 01, 2023 | Mar. 25, 2020 | Nov. 30, 2023 | Apr. 27, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 23, 2020 | Feb. 25, 2020 | |
Line of Credit Facility [Line Items] | |||||||||
Wells Credit Facility | $ 433,800 | $ 394,500 | |||||||
Wells Subscription Line | Line of Credit | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Percentage of maximum facility amount | 50% | ||||||||
Revolving Credit Facility | Wells Credit Facility | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Wells Credit Facility | $ 318,000 | ||||||||
Revolving Credit Facility | Wells Credit Facility | Line of Credit | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Maximum borrowing capacity | $ 600,000 | $ 450,000 | |||||||
Line of credit facility, borrowing capacity, first percentage | 25% | ||||||||
Line of credit facility, borrowing capacity, second percentage | 50% | ||||||||
Line of credit facility, borrowing capacity, third percentage | 60% | ||||||||
Line of credit facility, borrowing capacity, fourth percentage | 65% | ||||||||
Revolving Credit Facility | Wells Credit Facility Broadly Syndicated Loans | Line of Credit | Secured Overnight Financing Rate (SOFR) | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument, basis spread on variable rate | 2.40% | 1.70% | |||||||
Revolving Credit Facility | Wells Credit Facility Broadly Syndicated Loans | Line of Credit | LIBOR | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument, basis spread on variable rate | 1.60% | ||||||||
Revolving Credit Facility | Wells Credit Facility, Excluding Broadly Syndicated Loans | Line of Credit | Secured Overnight Financing Rate (SOFR) | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument, basis spread on variable rate | 2.20% | ||||||||
Revolving Credit Facility | Wells Credit Facility, Excluding Broadly Syndicated Loans | Line of Credit | LIBOR | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument, basis spread on variable rate | 2.10% | ||||||||
Revolving Credit Facility | Wells Subscription Line | LIBOR | Debt Instrument Per Annum Unused Facility Amount Greater than or Equal to 50.0% | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument, basis spread on variable rate | 0.20% | ||||||||
Revolving Credit Facility | Wells Subscription Line | Line of Credit | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Maximum borrowing capacity | $ 50,000 | ||||||||
Revolving Credit Facility | Wells Subscription Line | Line of Credit | LIBOR | Debt Instrument Per Annum Unused Facility Amount Less than 50.0% | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument, basis spread on variable rate | 0.25% | ||||||||
Revolving Credit Facility | Wells Subscription Line Bears Interest Rate Broadly Syndicated Loans | LIBOR | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument, basis spread on variable rate | 1.55% | ||||||||
Revolving Credit Facility | Wells Subscription Line Excluding Bears Interest Rate Broadly Syndicated Loans | LIBOR | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument, basis spread on variable rate | 0.55% | ||||||||
Revolving Credit Facility | Wells Subscription Line Bore Interest Rate Broadly Syndicated Loans | LIBOR | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument, basis spread on variable rate | 1.50% | ||||||||
Revolving Credit Facility | Wells Subscription Line Excluding Bore Interest Rate Broadly Syndicated Loans | LIBOR | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument, basis spread on variable rate | 0.50% |
Borrowings - Wells Credit Facil
Borrowings - Wells Credit Facility (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Line of Credit Facility [Line Items] | |||
Amortization of financing costs | $ 984 | $ 887 | $ 896 |
Revolving Credit Facility | Wells Credit Facility | Line of Credit | |||
Line of Credit Facility [Line Items] | |||
Interest expense | 27,895 | 15,461 | 4,411 |
Non-usage fee | 393 | 336 | 350 |
Amortization of financing costs | $ 984 | $ 887 | $ 647 |
Weighted average interest rate | 7.20% | 4% | 2.10% |
Effective interest rate | 7.60% | 4.40% | 2.60% |
Average debt outstanding | $ 384,168 | $ 382,837 | $ 205,759 |
Borrowings - Wells Subscription
Borrowings - Wells Subscription Line (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Line of Credit Facility [Line Items] | |||
Amortization of financing costs | $ 984 | $ 887 | $ 896 |
Revolving Credit Facility | Wells Subscription Line | Line of Credit | |||
Line of Credit Facility [Line Items] | |||
Interest expense | 61 | ||
Non-usage fee | 86 | ||
Amortization of financing costs | $ 249 | ||
Weighted average interest rate | 1.60% | ||
Effective interest rate | 9.70% | ||
Average debt outstanding | $ 4,071 |
Commitments and Contingencies (
Commitments and Contingencies (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Financing Commitment Letter to Purchase Investments | ||
Other Commitments [Line Items] | ||
Other commitments | $ 6,796,000 | $ 27,362,000 |
Unfunded Debt Securities, Revolving Credit Facilities | ||
Other Commitments [Line Items] | ||
Principal amount | 66,127,000 | 56,169,000 |
Unfunded Debt Securities, Bridge Facilities | ||
Other Commitments [Line Items] | ||
Principal amount | 0 | 0 |
Unfunded Debt Securities, Delayed Draws Or Other Future Funding Commitments | ||
Other Commitments [Line Items] | ||
Principal amount | $ 46,471,000 | $ 71,683,000 |
Net Assets - Narrative (Details
Net Assets - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||
Dec. 15, 2021 | Aug. 30, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Equity [Abstract] | |||||
Common stock, shares authorized (in shares) | 500,000,000 | 500,000,000 | |||
Common stock, par or stated value per share (in dollars per share) | $ 0.001 | $ 0.001 | |||
Shares issued (in shares) | 16,166,822 | 14,094,708 | 0 | 0 | 30,261,530 |
Aggregate offering price | $ 172,500 | $ 151,800 | $ 0 | $ 0 | $ 324,300 |
Net Assets - Total Shares of Co
Net Assets - Total Shares of Common Stock Issued and Proceeds Received Related to Drawdowns Delivered Pursuant to the Subscription Agreements (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 15, 2021 | Aug. 30, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Equity [Abstract] | |||||
Shares of common stock sold (in shares) | 16,166,822 | 14,094,708 | 0 | 0 | 30,261,530 |
Proceeds From Issuance Of Common Units | $ 172,500 | $ 151,800 | $ 0 | $ 0 | $ 324,300 |
Net Assets - Distributions Divi
Net Assets - Distributions Dividend Declared (Details) - $ / shares | 12 Months Ended | ||||||||||||||
Dec. 19, 2023 | Sep. 27, 2023 | Jun. 26, 2023 | Mar. 30, 2023 | Dec. 23, 2022 | Sep. 28, 2022 | Jun. 27, 2022 | Mar. 29, 2022 | Dec. 23, 2021 | Sep. 28, 2021 | Jun. 25, 2021 | Mar. 26, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Equity [Abstract] | |||||||||||||||
Dividend declared, per share amount (in dollars per share) | $ 0.3550 | $ 0.3310 | $ 0.3200 | $ 0.3100 | $ 0.2960 | $ 0.2530 | $ 0.2338 | $ 0.2200 | $ 0.2561 | $ 0.2845 | $ 0.2945 | $ 0.2557 | $ 1.3160 | $ 1.0028 | $ 1.0908 |
Distributions - Narrative (Deta
Distributions - Narrative (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |||
Stock issued during period, shares, dividend reinvestment plan (in shares) | 8,631,890 | 6,010,548 | 1,829,609 |
Incurred excise taxes | $ 0 | $ 0 | $ 3 |
Distributions - Reclassificatio
Distributions - Reclassifications (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Undistributed net investment income | |||
Investment Company, Financial Highlights [Line Items] | |||
Increase (decrease) due to reclassifications of permanent differences | $ 790 | $ 3,036 | $ 2,175 |
Distributions in excess of net realized gains | |||
Investment Company, Financial Highlights [Line Items] | |||
Increase (decrease) due to reclassifications of permanent differences | (790) | (3,036) | 0 |
Additional paid-in-capital | |||
Investment Company, Financial Highlights [Line Items] | |||
Increase (decrease) due to reclassifications of permanent differences | $ 0 | $ 0 | $ (2,175) |
Distributions - Tax Character o
Distributions - Tax Character of Distributions Paid (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |||
Ordinary income (non-qualified) | $ 104,327 | $ 69,549 | $ 51,623 |
Ordinary income (qualified) | 0 | 0 | 0 |
Capital gains | 1,096 | 3,036 | 259 |
Return of capital | 0 | 0 | 0 |
Total | $ 105,423 | $ 72,585 | $ 51,882 |
Distributions - Costs of Invest
Distributions - Costs of Investments for Tax Purposes (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Income Tax Disclosure [Abstract] | ||
Tax cost | $ 1,314,585 | $ 1,185,794 |
Gross unrealized appreciation on investments | 244,940 | 84,234 |
Gross unrealized depreciation on investments | (239,090) | (96,629) |
Total investments at fair value | $ 1,320,435 | $ 1,173,399 |
Distributions - Components of A
Distributions - Components of Accumulated Earnings (Deficit) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Income Tax Disclosure [Abstract] | |||
Accumulated capital gains (capital loss carryforwards) | $ 0 | $ 0 | $ 0 |
Other temporary differences | (1,738) | (638) | (677) |
Undistributed ordinary income | 0 | 563 | 0 |
Unrealized appreciation (depreciation) | 5,849 | (12,395) | 13,347 |
Total | $ 4,111 | $ (12,471) | $ 12,670 |
Distributions - Distributions D
Distributions - Distributions Declared (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |||
Distributions declared per share (in dollars per share) | $ 1.3160 | $ 1.0028 | $ 1.0908 |
Ordinary dividends | 98.96% | 96.94% | 99.58% |
Long-term capital gains | 1.04% | 3.06% | 0.42% |
Qualified dividend income | 0% | 0% | 0% |
Dividends received deduction | 0% | 0% | 0% |
Interest-related dividends | 97.13% | 92.24% | 73.01% |
Qualified short-term capital gains | 0% | 0% | 0% |
Return of capital | 0% | 0% | 0% |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |||
Numerator for basic & diluted earnings per share: | $ 122,004 | $ 47,444 | $ 41,108 |
Denominator for basic weighted average share (in shares) | 79,577,910 | 71,995,717 | 42,261,286 |
Denominator for diluted weighted average share (in shares) | 79,577,910 | 71,995,717 | 42,261,286 |
Basic earnings (loss) per share (in dollars per share) | $ 1.53 | $ 0.66 | $ 0.97 |
Diluted earnings (loss) per share (in dollars per share) | $ 1.53 | $ 0.66 | $ 0.97 |
Financial Highlights (Details)
Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||||||||||||
Dec. 19, 2023 | Sep. 27, 2023 | Jun. 26, 2023 | Mar. 30, 2023 | Dec. 23, 2022 | Sep. 28, 2022 | Jun. 27, 2022 | Mar. 29, 2022 | Dec. 23, 2021 | Sep. 28, 2021 | Jun. 25, 2021 | Mar. 26, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investment Company, Financial Highlights [Roll Forward] | |||||||||||||||
Net asset value, beginning balance (in dollars per share) | $ 10.29 | $ 10.63 | $ 10.85 | ||||||||||||
Net investment income (in dollars per share) | 1.32 | 1.02 | 1.19 | ||||||||||||
Net realized and unrealized gains (losses) (in dollars per share) | 0.21 | (0.36) | (0.32) | ||||||||||||
Net increase in net assets resulting from operations (in dollars per share) | 1.53 | 0.66 | 0.87 | ||||||||||||
Distributions declared to stockholders from net investment income (in dollars per share) | $ (0.3550) | $ (0.3310) | $ (0.3200) | $ (0.3100) | $ (0.2960) | $ (0.2530) | $ (0.2338) | $ (0.2200) | $ (0.2561) | $ (0.2845) | $ (0.2945) | $ (0.2557) | (1.3160) | (1.0028) | (1.0908) |
Net asset value, ending balance (in dollars per share) | $ 10.50 | $ 10.29 | $ 10.63 | ||||||||||||
Total return (as a percent) | 15.57% | 6.47% | 8.35% | ||||||||||||
Shares outstanding at end of period (in shares) | 82,381,922 | 73,750,032 | 67,739,484 | ||||||||||||
Average weighted shares outstanding for the period (in shares) | 79,577,910 | 71,995,717 | 42,261,286 | ||||||||||||
Average net assets for the period | $ 824,216 | $ 757,628 | $ 455,283 | ||||||||||||
Ratio to average net assets: | |||||||||||||||
Net investment income (as a percent) | 12.76% | 9.66% | 11.08% | ||||||||||||
Total expenses, before waivers (as a percent) | 4.82% | 3.44% | 2.66% | ||||||||||||
Asset coverage ratio (as a percent) | 299.41% | 292.41% | 326.45% | ||||||||||||
Portfolio turnover (as a percent) | 9.18% | 17.29% | 33.65% | ||||||||||||
Capital Commitments | $ 690,000 | $ 690,000 | $ 690,000 | ||||||||||||
Funded Capital Commitments | $ 690,000 | $ 690,000 | $ 690,000 | ||||||||||||
% of Capital Commitments funded | 100% | 100% | 100% | ||||||||||||
Investment company, effect of capital transactions, per share (in dollars per share) | $ 0 | $ 0 | $ (0.10) | ||||||||||||
Wells Subscription Line | Revolving Credit Facility | Line of Credit | |||||||||||||||
Ratio to average net assets: | |||||||||||||||
Average debt outstanding | $ 4,071 | ||||||||||||||
Wells Credit Facility | Revolving Credit Facility | Line of Credit | |||||||||||||||
Ratio to average net assets: | |||||||||||||||
Average debt outstanding | $ 384,168 | $ 382,837 | $ 205,759 |
Subsequent Events (Details)
Subsequent Events (Details) - shares | 12 Months Ended | |||
Jan. 19, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Subsequent Event [Line Items] | ||||
Stock issued during period, shares, dividend reinvestment plan (in shares) | 8,631,890 | 6,010,548 | 1,829,609 | |
Subsequent Event | ||||
Subsequent Event [Line Items] | ||||
Stock issued during period, shares, dividend reinvestment plan (in shares) | 5,430,849 |