Cover
Cover - shares | 3 Months Ended | |
Mar. 31, 2023 | May 11, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2023 | |
Document Transition Report | false | |
Entity File Number | 814-01366 | |
Entity Registrant Name | SL Investment Corp. | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 85-3472615 | |
Entity Address, Address Line One | 1585 Broadway | |
Entity Address, City or Town | New York | |
Entity Address, State or Province | NY | |
Entity Address, Postal Zip Code | 10036 | |
City Area Code | 212 | |
Local Phone Number | 761-4000 | |
Title of 12(b) Security | None | |
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 | true | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 25,807,951 | |
Entity Central Index Key | 0001825590 | |
Amendment Flag | false | |
No Trading Symbol Flag | true | |
Document Fiscal Period Focus | FY | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2023 |
Consolidated Statements of Asse
Consolidated Statements of Assets and Liabilities - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | ||
Assets | ||||
Non-controlled/non-affiliated investments, at fair value (amortized cost of $1,123,224 and $1,103,185 at March 31, 2023 and December 31, 2022, respectively) | $ 1,096,868 | [1],[2] | $ 1,078,117 | [3] |
Cash | 57,605 | 25,116 | ||
Deferred financing costs | 5,002 | 6,070 | ||
Subscription receivable | 0 | 18,597 | ||
Interest and dividend receivable from non-controlled/non-affiliated investments | 8,350 | 7,712 | ||
Receivable for investments sold/repaid | 103 | 228 | ||
Prepaid expenses and other assets | 92 | 17 | ||
Total assets | 1,168,020 | 1,135,857 | ||
Liabilities | ||||
Debt | 619,673 | 591,307 | ||
Payable for investments purchased | 19 | 39 | ||
Payable to affiliates (Note 3) | 780 | 1,167 | ||
Financing costs payable | 1,667 | 1,664 | ||
Dividends payable | 16,517 | 14,285 | ||
Management fees payable | 337 | 325 | ||
Interest payable | 11,651 | 9,710 | ||
Accrued expenses and other liabilities | 1,257 | 1,128 | ||
Total liabilities | 651,901 | 619,625 | ||
Commitments and Contingencies (Note 7) | ||||
Net Assets | ||||
Series A Preferred stock, par value $0.001 (1,000,000 shares authorized and 521 and 521 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively) | 1 | 1 | ||
Paid-in capital in excess of par value of Series A Preferred Stock | 520 | 520 | ||
Common Stock, par value $0.001 per share (100,000,000 shares authorized and 25,807,951 and 25,807,951 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively) | 26 | 26 | ||
Paid-in capital in excess of par value of Common Stock | 539,366 | 539,366 | ||
Net distributable earnings (accumulated losses) | (23,794) | (23,681) | ||
Total net assets | 516,119 | 516,232 | ||
Total liabilities and net assets | $ 1,168,020 | $ 1,135,857 | ||
Net asset value per share (in dollars per share) | $ 19.98 | $ 19.98 | ||
[1]Unless otherwise indicated, issuers of debt and equity investments held by the Company (which such term “Company” shall include the Company’s consolidated subsidiaries for purposes of this Consolidated Schedule of Investments) are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “1940 Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of March 31, 2023, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of March 31, 2023, the Company is not an “affiliated person” of any of its portfolio companies.[2]Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to either LIBOR (“L” or “LIBOR”) or an alternate base rate (commonly based on the Federal Funds Rate (“F”) or the U.S. Prime Rate (“P”)), each of which generally resets periodically. For each loan, the Company has indicated the reference rate used and provided the spread and the interest rate in effect as of March 31, 2023. As of March 31, 2023, the reference rates for our variable rate loans were the 3-month E at 3.04%, 1-month L at 4.86%, 3-month L at 5.19%, the 6-month L at 5.31%, 1-month S at 4.80%, 3-month S at 4.91%, 6-month S at 4.90%, and the P at 8.00%.[3]Unless otherwise indicated, issuers of debt and equity investments held by the Company are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the 1940 Act, the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of December 31, 2022, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of December 31, 2022, the Company is not an “affiliated person” of any of its portfolio companies. |
Consolidated Statements of As_2
Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | ||
Statement of Financial Position [Abstract] | ||||
Investments at amortized cost | $ 1,123,224 | [1],[2],[3] | $ 1,103,185 | [4],[5] |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | ||
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 | ||
Preferred stock, shares issued (in shares) | 521 | 521 | ||
Preferred stock, shares outstanding (in shares) | 521 | 521 | ||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | ||
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 | ||
Common stock, shares issued (in shares) | 25,807,951 | 25,807,951 | ||
Common stock, shares outstanding (in shares) | 25,807,951 | 25,807,951 | ||
[1]The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.[2]Unless otherwise indicated, issuers of debt and equity investments held by the Company (which such term “Company” shall include the Company’s consolidated subsidiaries for purposes of this Consolidated Schedule of Investments) are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “1940 Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of March 31, 2023, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of March 31, 2023, the Company is not an “affiliated person” of any of its portfolio companies.[3]Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to either LIBOR (“L” or “LIBOR”) or an alternate base rate (commonly based on the Federal Funds Rate (“F”) or the U.S. Prime Rate (“P”)), each of which generally resets periodically. For each loan, the Company has indicated the reference rate used and provided the spread and the interest rate in effect as of March 31, 2023. As of March 31, 2023, the reference rates for our variable rate loans were the 3-month E at 3.04%, 1-month L at 4.86%, 3-month L at 5.19%, the 6-month L at 5.31%, 1-month S at 4.80%, 3-month S at 4.91%, 6-month S at 4.90%, and the P at 8.00%.[4]The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.[5]Unless otherwise indicated, issuers of debt and equity investments held by the Company are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the 1940 Act, the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of December 31, 2022, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of December 31, 2022, the Company is not an “affiliated person” of any of its portfolio companies. |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Investment income: | ||
Interest income | $ 30,971 | $ 15,754 |
Payment-in-kind interest income | 146 | 59 |
Dividend income | 139 | 60 |
Other income | 387 | 455 |
Total investment income | 31,643 | 16,328 |
Expenses: | ||
Interest expense and other financing expenses | 13,220 | 4,110 |
Management fees | 337 | 265 |
Professional fees | 313 | 278 |
Directors’ fees | 51 | 51 |
General and other expenses | 54 | 144 |
Total expenses | 13,975 | 4,848 |
Net investment income (loss) before taxes | 17,668 | 11,480 |
Excise tax expense | 23 | 0 |
Net investment income (loss) after taxes | 17,645 | 11,480 |
Net realized and unrealized gains (losses) on investment transactions: | ||
Net realized gain (loss) from non-controlled/non-affiliated investments | 63 | 64 |
Net change in unrealized appreciation (depreciation) from non-controlled/non-affiliated investments | (1,288) | (799) |
Net realized and unrealized gains (losses) | (1,225) | (735) |
Net increase (decrease) in net assets resulting from operations | 16,420 | 10,745 |
Preferred Stock dividend | (16) | (16) |
Net increase (decrease) in net assets resulting from operations attributable to holders of Common Stock | $ 16,404 | $ 10,729 |
Per common share information—basic and diluted | ||
Net investment income (loss) per common share (in dollars per share) | $ 0.68 | $ 0.57 |
Earnings (loss) per share - basic (in dollars per share) | 0.64 | 0.53 |
Earnings (loss) per share - diluted (in dollars per share) | $ 0.64 | $ 0.53 |
Weighted average shares outstanding - basic (Note 9) (in shares) | 25,807,951 | 20,244,075 |
Weighted average shares outstanding - diluted (Note 9) (in shares) | 25,807,951 | 20,244,075 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Net Assets (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Investment Company, Net Assets [Roll Forward] | ||
Net assets at beginning of period | $ 516,232 | $ 429,724 |
Increase (decrease) in net assets resulting from operations: | ||
Net investment income (loss) | 17,645 | 11,480 |
Net realized gain (loss) | 63 | 64 |
Net change in unrealized appreciation (depreciation) | (1,288) | (799) |
Net increase (decrease) in net assets resulting from operations | 16,420 | 10,745 |
Capital transactions: | ||
Dividends declared on Preferred Stock and Common Stock | (16,533) | (12,567) |
Net increase (decrease) in net assets resulting from capital transactions | (16,533) | (12,567) |
Total increase (decrease) in net assets | (113) | (1,822) |
Net assets at end of period | $ 516,119 | $ 427,902 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Cash flows from operating activities: | |||
Net increase (decrease) in net assets resulting from operations | $ 16,420 | $ 10,745 | |
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | |||
Net unrealized (appreciation) depreciation on investments | 1,288 | 799 | |
Net realized (gain) loss on investments | (63) | (64) | |
Net accretion of discount and amortization of premium on investments | (968) | (723) | |
Payment-in-kind interest and dividend capitalized | (219) | (85) | |
Amortization of deferred financing costs | 1,067 | 402 | |
Purchases of investments and change in payable for investments purchased | (51,584) | (69,324) | |
Proceeds from sale of investments and principal repayments and change in receivable for investments sold. | 32,901 | 16,656 | |
Changes in operating assets and liabilities: | |||
(Increase) decrease in interest and dividend receivable from non-controlled/non-affiliated investments | (638) | (313) | |
(Increase) decrease in prepaid expenses and other assets | (75) | 31 | |
(Decrease) increase in payable to affiliates | (387) | (464) | |
(Decrease) increase in management fee payable | 12 | 51 | |
(Decrease) increase in interest payable | 1,941 | 678 | |
(Decrease) increase in accrued expenses and other liabilities | 132 | (480) | |
Net cash provided by (used in) operating activities | (173) | (42,091) | |
Cash flows from financing activities: | |||
Borrowings on debt | 45,000 | 37,000 | |
Repayments on debt | (16,634) | (18,000) | |
Proceeds from issuance of Common Stock | 18,597 | 33,190 | |
Deferred financing costs paid | 0 | 3 | |
Dividends paid in cash | (14,301) | (11,289) | |
Net cash provided by (used in) financing activities | 32,662 | 40,904 | |
Net increase (decrease) in cash | 32,489 | (1,187) | |
Cash, beginning of period | 25,116 | 20,232 | $ 20,232 |
Cash, end of period | 57,605 | 19,045 | $ 25,116 |
Supplemental information and non-cash activities: | |||
Excise Tax Paid | 26 | 45 | |
Interest expense paid | 10,212 | 2,564 | |
Accrued but unpaid dividends | $ 16,517 | $ 12,551 |
Consolidated Schedule of Invest
Consolidated Schedule of Investments (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2023 | Dec. 31, 2022 | ||||
Cost | $ 1,123,224 | [1],[2],[3] | $ 1,103,185 | [4],[5] | |
Fair Value | $ 1,096,868 | [2],[3] | $ 1,078,117 | [5] | |
Percentage of Net Assets | 212.48% | [2],[3] | 208.84% | [5] | |
Euro Interbank Offered Rate (EURIBOR) | |||||
Variable interest rate | 3.04% | 2.13% | |||
London Interbank Offered Rate (LIBOR) | 30-day Period | |||||
Variable interest rate | 4.86% | 4.39% | |||
London Interbank Offered Rate (LIBOR) | 90-day Period | |||||
Variable interest rate | 5.19% | 4.77% | |||
London Interbank Offered Rate (LIBOR) | 180-day Period | |||||
Variable interest rate | 5.31% | 5.14% | |||
Secured Overnight Financing Rate (SOFR) | 30-day Period | |||||
Variable interest rate | 4.80% | 4.36% | |||
Secured Overnight Financing Rate (SOFR) | 90-day Period | |||||
Variable interest rate | 4.91% | 4.59% | |||
Secured Overnight Financing Rate (SOFR) | 180-day Period | |||||
Variable interest rate | 4.90% | 4.78% | |||
Prime Rate | |||||
Variable interest rate | 8% | 7.50% | |||
First Lien Debt | |||||
Cost | $ 1,104,281 | [1] | $ 1,085,829 | [4] | |
Fair Value | $ 1,078,066 | $ 1,061,160 | |||
Percentage of Net Assets | 208.83% | 205.56% | |||
First Lien Debt | Aerospace and Defense | |||||
Cost | $ 45,308 | [1] | $ 44,903 | [4] | |
Fair Value | $ 44,863 | $ 44,243 | |||
Percentage of Net Assets | 8.69% | 8.57% | |||
First Lien Debt | Air Freight & Logistics | |||||
Cost | $ 19,057 | [1] | $ 18,136 | [4] | |
Fair Value | $ 18,579 | $ 17,493 | |||
Percentage of Net Assets | 3.60% | 3.39% | |||
First Lien Debt | Automobile Components | |||||
Cost | $ 39,075 | [1] | $ 39,132 | [4] | |
Fair Value | $ 37,640 | $ 37,816 | |||
Percentage of Net Assets | 7.29% | 7.33% | |||
First Lien Debt | Automobiles | |||||
Cost | $ 50,045 | [1] | $ 49,749 | [4] | |
Fair Value | $ 49,124 | $ 48,439 | |||
Percentage of Net Assets | 9.52% | 9.38% | |||
First Lien Debt | Biotechnology | |||||
Cost | $ 6,342 | [1] | $ 6,356 | [4] | |
Fair Value | $ 6,219 | $ 6,174 | |||
Percentage of Net Assets | 1.20% | 1.20% | |||
First Lien Debt | Chemicals | |||||
Cost | $ 1,531 | [1] | $ 1,501 | [4] | |
Fair Value | $ 1,490 | $ 1,445 | |||
Percentage of Net Assets | 0.29% | 0.28% | |||
First Lien Debt | Commercial Services & Supplies | |||||
Cost | $ 174,906 | [1] | $ 174,025 | [4] | |
Fair Value | $ 173,068 | $ 171,373 | |||
Percentage of Net Assets | 33.53% | 33.20% | |||
First Lien Debt | Construction & Engineering | |||||
Cost | $ 16,442 | [1] | $ 16,271 | [4] | |
Fair Value | $ 15,990 | $ 15,753 | |||
Percentage of Net Assets | 3.10% | 3.05% | |||
First Lien Debt | Containers & Packaging | |||||
Cost | $ 34,546 | [1] | $ 34,597 | [4] | |
Fair Value | $ 33,533 | $ 33,229 | |||
Percentage of Net Assets | 6.50% | 6.44% | |||
First Lien Debt | Distributors | |||||
Cost | $ 35,447 | [1] | $ 48,877 | [4] | |
Fair Value | $ 33,828 | $ 48,050 | |||
Percentage of Net Assets | 6.55% | 9.31% | |||
First Lien Debt | Diversified Consumer Services | |||||
Cost | $ 44,457 | [1] | $ 39,838 | [4] | |
Fair Value | $ 43,707 | $ 39,268 | |||
Percentage of Net Assets | 8.47% | 7.61% | |||
First Lien Debt | Financial Services | |||||
Cost | $ 15,039 | [1] | $ 16,453 | [4] | |
Fair Value | $ 14,738 | $ 16,092 | |||
Percentage of Net Assets | 2.85% | 3.12% | |||
First Lien Debt | Electronic Equipment, Instruments & Components | |||||
Cost | $ 8,860 | [1] | $ 4,255 | [4] | |
Fair Value | $ 8,746 | $ 4,079 | |||
Percentage of Net Assets | 1.69% | 0.79% | |||
First Lien Debt | Health Care Equipment & Supplies | |||||
Cost | [1] | $ 4,531 | |||
Fair Value | $ 4,439 | ||||
Percentage of Net Assets | 0.86% | ||||
First Lien Debt | Health Care Providers & Services | |||||
Cost | $ 42,763 | [1] | $ 39,048 | [4] | |
Fair Value | $ 41,824 | $ 37,913 | |||
Percentage of Net Assets | 8.10% | 7.34% | |||
First Lien Debt | Health Care Technology | |||||
Cost | $ 7,411 | [1] | $ 7,156 | [4] | |
Fair Value | $ 7,345 | $ 7,049 | |||
Percentage of Net Assets | 1.42% | 1.37% | |||
First Lien Debt | Industrial Conglomerates | |||||
Cost | [1] | $ 13,634 | |||
Fair Value | $ 13,642 | ||||
Percentage of Net Assets | 2.64% | ||||
First Lien Debt | Insurance Sector | |||||
Cost | $ 151,152 | [1] | $ 149,859 | [4] | |
Fair Value | $ 147,641 | $ 147,270 | |||
Percentage of Net Assets | 28.60% | 28.53% | |||
First Lien Debt | Interactive Media & Services | |||||
Cost | $ 40,525 | [1] | $ 40,280 | [4] | |
Fair Value | $ 40,053 | $ 39,309 | |||
Percentage of Net Assets | 7.76% | 7.61% | |||
First Lien Debt | IT Services | |||||
Cost | $ 72,976 | [1] | $ 74,354 | [4] | |
Fair Value | $ 68,371 | $ 71,164 | |||
Percentage of Net Assets | 13.24% | 13.79% | |||
First Lien Debt | Leisure Products | |||||
Cost | $ 21,124 | [1] | $ 21,168 | [4] | |
Fair Value | $ 19,788 | $ 21,030 | |||
Percentage of Net Assets | 3.83% | 4.07% | |||
First Lien Debt | Machinery | |||||
Cost | $ 28,047 | [1] | $ 28,093 | [4] | |
Fair Value | $ 27,630 | $ 27,533 | |||
Percentage of Net Assets | 5.35% | 5.33% | |||
First Lien Debt | Multi-Utilities | |||||
Cost | $ 28,896 | [1] | $ 28,100 | [4] | |
Fair Value | $ 27,896 | $ 27,693 | |||
Percentage of Net Assets | 5.40% | 5.36% | |||
First Lien Debt | Oil, Gas & Consumable Fuels | |||||
Cost | [4] | $ 399 | |||
Fair Value | $ 390 | ||||
Percentage of Net Assets | 0.08% | ||||
First Lien Debt | Pharmaceuticals | |||||
Cost | $ 1,861 | [1] | $ 1,847 | [4] | |
Fair Value | $ 1,862 | $ 1,847 | |||
Percentage of Net Assets | 0.36% | 0.36% | |||
First Lien Debt | Professional Services | |||||
Cost | $ 34,102 | [1] | $ 33,085 | [4] | |
Fair Value | $ 33,874 | $ 32,799 | |||
Percentage of Net Assets | 6.56% | 6.35% | |||
First Lien Debt | Real Estate Management & Development | |||||
Cost | $ 38,213 | [1] | $ 37,024 | [4] | |
Fair Value | $ 37,391 | $ 35,854 | |||
Percentage of Net Assets | 7.24% | 6.95% | |||
First Lien Debt | Software | |||||
Cost | $ 124,420 | [1] | $ 123,802 | [4] | |
Fair Value | $ 121,733 | $ 121,011 | |||
Percentage of Net Assets | 23.58% | 23.44% | |||
Second Lien Debt | |||||
Cost | $ 9,884 | $ 8,381 | [4] | ||
Fair Value | 9,601 | $ 7,972 | |||
Percentage of Net Assets | 1.54% | ||||
Second Lien Debt | Electronic Equipment, Instruments & Components | |||||
Cost | 4,489 | [1] | $ 2,989 | [4] | |
Fair Value | $ 4,364 | $ 2,858 | |||
Percentage of Net Assets | 0.85% | 0.55% | |||
Second Lien Debt | Health Care Providers & Services | |||||
Cost | $ 484 | [1] | $ 483 | [4] | |
Fair Value | $ 465 | $ 450 | |||
Percentage of Net Assets | 0.09% | 0.09% | |||
Second Lien Debt | IT Services | |||||
Cost | $ 1,509 | [1] | $ 1,509 | [4] | |
Fair Value | $ 1,479 | $ 1,439 | |||
Percentage of Net Assets | 0.29% | 0.28% | |||
Second Lien Debt | Software | |||||
Cost | [1] | $ 9,884 | |||
Fair Value | $ 9,601 | ||||
Percentage of Net Assets | 1.86% | ||||
Other Securities | |||||
Cost | $ 9,059 | [1] | $ 8,975 | [4] | |
Fair Value | $ 9,201 | $ 8,985 | |||
Percentage of Net Assets | 1.78% | 1.74% | |||
Other debt | |||||
Cost | $ 903 | [1] | $ 898 | [4] | |
Fair Value | $ 603 | $ 522 | |||
Percentage of Net Assets | 0.12% | 0.10% | |||
Preferred equity | |||||
Cost | $ 4,411 | [1] | $ 4,346 | [4] | |
Fair Value | $ 4,347 | $ 4,064 | |||
Percentage of Net Assets | 0.84% | 0.79% | |||
Common equity | |||||
Cost | $ 3,745 | [1] | $ 3,731 | [4] | |
Fair Value | $ 4,251 | $ 4,399 | |||
Percentage of Net Assets | 0.82% | 0.85% | |||
Unfunded Debt Securities | |||||
Unfunded commitments | $ 112,497 | $ 140,889 | |||
Fair Value | (3,640) | (4,467) | |||
Unfunded Debt Securities, First Lien | |||||
Unfunded commitments | 112,489 | 139,381 | |||
Fair Value | (3,640) | (4,419) | |||
Unfunded Debt Securities, Second Lien | |||||
Unfunded commitments | 8 | 1,508 | |||
Fair Value | $ 0 | $ (48) | |||
Non Qualifying Assets | Assets, Total | Customer Concentration Risk | |||||
% of Total Investments at Fair Value | 6.64% | 7% | |||
Restricted Securities | |||||
Fair Value | $ 8,598 | $ 8,463 | |||
Percentage of Net Assets | 1.67% | 1.60% | |||
Investment, Identifier [Axis]: 365 Retail Markets, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 686 | $ 514 | |||
Fair Value | $ (10) | $ (12) | |||
Investment, Identifier [Axis]: 365 Retail Markets, LLC 1 | |||||
Variable interest rate | 4.75% | [6],[7],[8] | 4.75% | [9],[10],[11] | |
Interest Rate | 9.50% | [3],[6],[7],[8] | 8.45% | [9],[10],[11],[12] | |
Par Amount | $ 7,387 | [6],[7],[8] | $ 7,406 | [9],[10],[11] | |
Cost | 7,291 | [1],[6],[7],[8] | 7,305 | [4],[9],[10],[11] | |
Fair Value | $ 7,279 | [6],[7],[8] | $ 7,239 | [9],[10],[11] | |
Percentage of Net Assets | 1.41% | [6],[7],[8] | 1.40% | [9],[10],[11] | |
Investment, Identifier [Axis]: 365 Retail Markets, LLC 2 | |||||
Variable interest rate | 4.75% | [6],[7],[8] | 4.75% | [9],[10],[11] | |
Interest Rate | 9.48% | [3],[6],[7],[8] | 8.45% | [9],[10],[11],[12] | |
Par Amount | $ 2,370 | [6],[7],[8] | $ 2,376 | [9],[10],[11] | |
Cost | 2,346 | [1],[6],[7],[8] | 2,350 | [4],[9],[10],[11] | |
Fair Value | $ 2,335 | [6],[7],[8] | $ 2,322 | [9],[10],[11] | |
Percentage of Net Assets | 0.45% | [6],[7],[8] | 0.45% | [9],[10],[11] | |
Investment, Identifier [Axis]: 365 Retail Markets, LLC 3 | |||||
Variable interest rate | 4.75% | [7],[8],[13] | 4.75% | [10],[11],[14] | |
Interest Rate | 9.55% | [3],[7],[8],[13] | 8.45% | [10],[11],[12],[14] | |
Par Amount | $ 514 | [7],[8],[13] | $ 686 | [10],[11],[14] | |
Cost | 499 | [1],[7],[8],[13] | 670 | [4],[10],[11],[14] | |
Fair Value | $ 497 | [7],[8],[13] | $ 659 | [10],[11],[14] | |
Percentage of Net Assets | 0.10% | [7],[8],[13] | 0.13% | [10],[11],[14] | |
Investment, Identifier [Axis]: 48Forty Solutions, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 1,357 | $ 1,508 | |||
Fair Value | $ (58) | $ (77) | |||
Investment, Identifier [Axis]: 48Forty Solutions, LLC 1 | |||||
Variable interest rate | 5.50% | [6],[7],[8] | 5.55% | [9],[10],[11] | |
Interest Rate | 10.32% | [3],[6],[7],[8] | 9.76% | [9],[10],[11],[12] | |
Par Amount | $ 9,918 | [6],[7],[8] | $ 9,946 | [9],[10],[11] | |
Cost | 9,735 | [1],[6],[7],[8] | 9,752 | [4],[9],[10],[11] | |
Fair Value | $ 9,509 | [6],[7],[8] | $ 9,453 | [9],[10],[11] | |
Percentage of Net Assets | 1.84% | [6],[7],[8] | 1.83% | [9],[10],[11] | |
Investment, Identifier [Axis]: 48Forty Solutions, LLC 2 | |||||
Variable interest rate | 4.50% | [7],[8],[13] | 5.50% | [10],[11],[14] | |
Interest Rate | 12.50% | [3],[7],[8],[13] | 9.76% | [10],[11],[12],[14] | |
Par Amount | $ 151 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | 127 | [1],[7],[8],[13] | (26) | [4],[10],[11],[14] | |
Fair Value | $ 86 | [7],[8],[13] | $ (77) | [10],[11],[14] | |
Percentage of Net Assets | 0.02% | [7],[8],[13] | (0.01%) | [10],[11],[14] | |
Investment, Identifier [Axis]: AGI-CFI Holdings, Inc. | |||||
Variable interest rate | 5.75% | [6],[8],[15] | 5.75% | [9],[11],[16] | |
Interest Rate | 10.79% | [3],[6],[8],[15] | 10.48% | [9],[11],[12],[16] | |
Par Amount | $ 2,382 | [6],[8],[15] | $ 2,388 | [9],[11],[16] | |
Cost | 2,340 | [1],[6],[8],[15] | 2,344 | [4],[9],[11],[16] | |
Fair Value | $ 2,311 | [6],[8],[15] | $ 2,296 | [9],[11],[16] | |
Percentage of Net Assets | 0.45% | [6],[8],[15] | 0.44% | [9],[11],[16] | |
Investment, Identifier [Axis]: ARI Network Services, Inc. | |||||
Variable interest rate | [8],[13],[15] | 5.50% | |||
Interest Rate | [3],[8],[13],[15] | 10.16% | |||
Par Amount | [8],[13],[15] | $ 753 | |||
Cost | [1],[8],[13],[15] | 740 | |||
Fair Value | [8],[13],[15] | $ 725 | |||
Percentage of Net Assets | [8],[13],[15] | 0.14% | |||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 545 | $ 909 | |||
Fair Value | $ (12) | $ (26) | |||
Investment, Identifier [Axis]: ARI Network Services, Inc. 1 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 10.16% | [3],[6],[8],[15] | 9.92% | [9],[11],[12],[16] | |
Par Amount | $ 8,864 | [6],[8],[15] | $ 8,887 | [9],[11],[16] | |
Cost | 8,766 | [1],[6],[8],[15] | 8,777 | [4],[9],[11],[16] | |
Fair Value | $ 8,671 | [6],[8],[15] | $ 8,634 | [9],[11],[16] | |
Percentage of Net Assets | 1.68% | [6],[8],[15] | 1.67% | [9],[11],[16] | |
Investment, Identifier [Axis]: ARI Network Services, Inc. 2 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 10.16% | [3],[6],[8],[15] | 9.92% | [9],[11],[12],[16] | |
Par Amount | $ 1,552 | [6],[8],[15] | $ 1,556 | [9],[11],[16] | |
Cost | 1,535 | [1],[6],[8],[15] | 1,537 | [4],[9],[11],[16] | |
Fair Value | $ 1,518 | [6],[8],[15] | $ 1,512 | [9],[11],[16] | |
Percentage of Net Assets | 0.29% | [6],[8],[15] | 0.29% | [9],[11],[16] | |
Investment, Identifier [Axis]: ARI Network Services, Inc. 3 | |||||
Variable interest rate | [11],[14],[16] | 5.50% | |||
Interest Rate | [11],[12],[14],[16] | 9.92% | |||
Par Amount | [11],[14],[16] | $ 390 | |||
Cost | [4],[11],[14],[16] | 374 | |||
Fair Value | [11],[14],[16] | $ 353 | |||
Percentage of Net Assets | [11],[14],[16] | 0.07% | |||
Investment, Identifier [Axis]: AWP Group Holdings, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 1,247 | $ 1,247 | |||
Fair Value | $ (86) | $ (37) | |||
Investment, Identifier [Axis]: AWP Group Holdings, Inc. 1 | |||||
Variable interest rate | 4.75% | [6],[7],[8] | 4.75% | [9],[10],[11] | |
Interest Rate | 9.80% | [3],[6],[7],[8] | 9.38% | [9],[10],[11],[12] | |
Par Amount | $ 12,219 | [6],[7],[8] | $ 12,254 | [9],[10],[11] | |
Cost | 12,082 | [1],[6],[7],[8] | 12,111 | [4],[9],[10],[11] | |
Fair Value | $ 11,375 | [6],[7],[8] | $ 11,893 | [9],[10],[11] | |
Percentage of Net Assets | 2.20% | [6],[7],[8] | 2.30% | [9],[10],[11] | |
Investment, Identifier [Axis]: AWP Group Holdings, Inc. 2 | |||||
Variable interest rate | 4.75% | [6],[7],[8] | 4.50% | [9],[10],[11] | |
Interest Rate | 9.63% | [3],[6],[7],[8] | 9.38% | [9],[10],[11],[12] | |
Par Amount | $ 815 | [6],[7],[8] | $ 1,575 | [9],[10],[11] | |
Cost | 758 | [1],[6],[7],[8] | 1,555 | [4],[9],[10],[11] | |
Fair Value | $ 758 | [6],[7],[8] | $ 1,529 | [9],[10],[11] | |
Percentage of Net Assets | 0.15% | [6],[7],[8] | 0.30% | [9],[10],[11] | |
Investment, Identifier [Axis]: AWP Group Holdings, Inc. 3 | |||||
Variable interest rate | 4.50% | [6],[7],[8] | 4.75% | [10],[11],[14] | |
Interest Rate | 9.66% | [3],[6],[7],[8] | 9.38% | [10],[11],[12],[14] | |
Par Amount | $ 1,575 | [6],[7],[8] | $ 647 | [10],[11],[14] | |
Cost | 1,556 | [1],[6],[7],[8] | 629 | [4],[10],[11],[14] | |
Fair Value | $ 1,466 | [6],[7],[8] | $ 592 | [10],[11],[14] | |
Percentage of Net Assets | 0.28% | [6],[7],[8] | 0.11% | [10],[11],[14] | |
Investment, Identifier [Axis]: AWP Group Holdings, Inc. 4 | |||||
Variable interest rate | [7],[8],[13] | 4.75% | |||
Interest Rate | [3],[7],[8],[13] | 9.91% | |||
Par Amount | [7],[8],[13] | $ 647 | |||
Cost | [1],[7],[8],[13] | 630 | |||
Fair Value | [7],[8],[13] | $ 517 | |||
Percentage of Net Assets | [7],[8],[13] | 0.10% | |||
Investment, Identifier [Axis]: Abacus Data Holdings, Inc. (AbacusNext) | |||||
Par Amount, Shares (in shares) | 5,196 | [8],[17] | 5,196 | [11],[18] | |
Cost | $ 520 | [1],[8],[17] | $ 520 | [4],[11],[18] | |
Fair Value | $ 387 | [8],[17] | $ 387 | [11],[18] | |
Percentage of Net Assets | 0.07% | [8],[17] | 0.07% | [11],[18] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 300 | $ 300 | |||
Fair Value | $ (2) | $ (2) | |||
Investment, Identifier [Axis]: Abacus Data Holdings, Inc. (AbacusNext) 1 | |||||
Variable interest rate | 6.25% | [6],[7],[8] | 6.25% | [9],[10],[11] | |
Interest Rate | 10.95% | [3],[6],[7],[8] | 9.99% | [9],[10],[11],[12] | |
Par Amount | $ 7,958 | [6],[7],[8] | $ 7,979 | [9],[10],[11] | |
Cost | 7,831 | [1],[6],[7],[8] | 7,844 | [4],[9],[10],[11] | |
Fair Value | $ 7,914 | [6],[7],[8] | $ 7,920 | [9],[10],[11] | |
Percentage of Net Assets | 1.53% | [6],[7],[8] | 1.53% | [9],[10],[11] | |
Investment, Identifier [Axis]: Abacus Data Holdings, Inc. (AbacusNext) 2 | |||||
Variable interest rate | 6.25% | [7],[8] | 6.25% | [10],[11] | |
Interest Rate | 10.95% | [3],[7],[8] | 9.99% | [10],[11],[12] | |
Par Amount | $ 834 | [7],[8] | $ 836 | [10],[11] | |
Cost | 828 | [1],[7],[8] | 829 | [4],[10],[11] | |
Fair Value | $ 829 | [7],[8] | $ 830 | [10],[11] | |
Percentage of Net Assets | 0.16% | [7],[8] | 0.16% | [10],[11] | |
Investment, Identifier [Axis]: Abacus Data Holdings, Inc. (AbacusNext) 3 | |||||
Variable interest rate | 6.25% | [7],[8],[13] | 6.25% | [10],[11],[14] | |
Interest Rate | 10.95% | [3],[7],[8],[13] | 9.99% | [10],[11],[12],[14] | |
Par Amount | $ 300 | [7],[8],[13] | $ 300 | [10],[11],[14] | |
Cost | 291 | [1],[7],[8],[13] | 290 | [4],[10],[11],[14] | |
Fair Value | $ 297 | [7],[8],[13] | $ 296 | [10],[11],[14] | |
Percentage of Net Assets | 0.06% | [7],[8],[13] | 0.06% | [10],[11],[14] | |
Investment, Identifier [Axis]: Abracon Group Holdings, LLC 1 | |||||
Variable interest rate | 4.75% | [6],[8] | 5.75% | [9],[11],[16] | |
Interest Rate | 12.75% | [3],[6],[8] | 10.48% | [9],[11],[12],[16] | |
Par Amount | $ 1,747 | [6],[8] | $ 1,751 | [9],[11],[16] | |
Cost | 1,715 | [1],[6],[8] | 1,719 | [4],[9],[11],[16] | |
Fair Value | $ 1,684 | [6],[8] | $ 1,661 | [9],[11],[16] | |
Percentage of Net Assets | 0.33% | [6],[8] | 0.32% | [9],[11],[16] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 317 | $ 317 | |||
Fair Value | $ (11) | $ (16) | |||
Investment, Identifier [Axis]: Abracon Group Holdings, LLC 2 | |||||
Variable interest rate | 4.75% | [8],[13] | 5.75% | [11],[14],[16] | |
Interest Rate | 12.75% | [3],[8],[13] | 10.48% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13] | $ 0 | [11],[14],[16] | |
Cost | (3) | [1],[8],[13] | (3) | [4],[11],[14],[16] | |
Fair Value | $ (11) | [8],[13] | $ (16) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13] | 0% | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 127 | $ 127 | |||
Fair Value | $ (5) | $ (7) | |||
Investment, Identifier [Axis]: Abracon Group Holdings, LLC 3 | |||||
Variable interest rate | 4.75% | [8],[13] | 5.75% | [11],[14],[16] | |
Interest Rate | 12.75% | [3],[8],[13] | 10.48% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13] | $ 0 | [11],[14],[16] | |
Cost | (2) | [1],[8],[13] | (2) | [4],[11],[14],[16] | |
Fair Value | $ (4) | [8],[13] | $ (7) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: Alert Media, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 750 | $ 750 | |||
Fair Value | $ (23) | $ (25) | |||
Investment, Identifier [Axis]: Alert Media, Inc. 1 | |||||
Variable interest rate | 5% | [6],[7],[8] | 5% | [9],[10],[11] | |
Interest Rate | 9.85% | [3],[6],[7],[8] | 9.26% | [9],[10],[11],[12] | |
Par Amount | $ 16,000 | [6],[7],[8] | $ 16,000 | [9],[10],[11] | |
Cost | 15,806 | [1],[6],[7],[8] | 15,797 | [4],[9],[10],[11] | |
Fair Value | $ 15,515 | [6],[7],[8] | $ 15,467 | [9],[10],[11] | |
Percentage of Net Assets | 3.01% | [6],[7],[8] | 3% | [9],[10],[11] | |
Investment, Identifier [Axis]: Alert Media, Inc. 2 | |||||
Variable interest rate | 5% | [7],[8] | 5% | [10],[11] | |
Interest Rate | 9.85% | [3],[7],[8] | 9.26% | [10],[11],[12] | |
Par Amount | $ 10,000 | [7],[8] | $ 10,000 | [10],[11] | |
Cost | 9,865 | [1],[7],[8] | 9,859 | [4],[10],[11] | |
Fair Value | $ 9,697 | [7],[8] | $ 9,667 | [10],[11] | |
Percentage of Net Assets | 1.88% | [7],[8] | 1.87% | [10],[11] | |
Investment, Identifier [Axis]: Alert Media, Inc. 3 | |||||
Variable interest rate | 5% | [7],[8],[13] | 5% | [10],[11],[14] | |
Interest Rate | 9.85% | [3],[7],[8],[13] | 9.26% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | (7) | [1],[7],[8],[13] | (7) | [4],[10],[11],[14] | |
Fair Value | $ (23) | [7],[8],[13] | $ (25) | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0% | [10],[11],[14] | |
Investment, Identifier [Axis]: Anaplan, Inc. | |||||
Variable interest rate | 6.50% | [6],[8],[15] | 6.50% | [9],[11],[16] | |
Interest Rate | 11.31% | [3],[6],[8],[15] | 10.82% | [9],[11],[12],[16] | |
Par Amount | $ 3,900 | [6],[8],[15] | $ 3,900 | [9],[11],[16] | |
Cost | 3,828 | [1],[6],[8],[15] | 3,826 | [4],[9],[11],[16] | |
Fair Value | $ 3,840 | [6],[8],[15] | $ 3,831 | [9],[11],[16] | |
Percentage of Net Assets | 0.74% | [6],[8],[15] | 0.74% | [9],[11],[16] | |
Investment, Identifier [Axis]: Answer Acquisition, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 1,000 | $ 1,000 | |||
Fair Value | $ (31) | $ (42) | |||
Investment, Identifier [Axis]: Answer Acquisition, LLC 1 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.50% | [9],[10],[11] | |
Interest Rate | 10.91% | [3],[6],[7],[8] | 10.23% | [9],[10],[11],[12] | |
Par Amount | $ 12,838 | [6],[7],[8] | $ 12,870 | [9],[10],[11] | |
Cost | 12,636 | [1],[6],[7],[8] | 12,657 | [4],[9],[10],[11] | |
Fair Value | $ 12,436 | [6],[7],[8] | $ 12,326 | [9],[10],[11] | |
Percentage of Net Assets | 2.41% | [6],[7],[8] | 2.39% | [9],[10],[11] | |
Investment, Identifier [Axis]: Answer Acquisition, LLC 2 | |||||
Variable interest rate | 5.75% | [8],[13] | 5.50% | [10],[11],[14] | |
Interest Rate | 10.91% | [3],[8],[13] | 10.23% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [8],[13] | $ 0 | [10],[11],[14] | |
Cost | (15) | [1],[8],[13] | (16) | [4],[10],[11],[14] | |
Fair Value | $ (31) | [8],[13] | $ (42) | [10],[11],[14] | |
Percentage of Net Assets | (0.01%) | [8],[13] | (0.01%) | [10],[11],[14] | |
Investment, Identifier [Axis]: Apex Service Partners, LLC | |||||
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 1,603 | ||||
Fair Value | $ (87) | ||||
Investment, Identifier [Axis]: Apex Service Partners, LLC 1 | |||||
Variable interest rate | [6],[7],[8] | 5.50% | |||
Interest Rate | [3],[6],[7],[8] | 10.25% | |||
Par Amount | [6],[7],[8] | $ 3,135 | |||
Cost | [1],[6],[7],[8] | 2,962 | |||
Fair Value | [6],[7],[8] | $ 2,962 | |||
Percentage of Net Assets | [6],[7],[8] | 0.57% | |||
Investment, Identifier [Axis]: Apex Service Partners, LLC 2 | |||||
Variable interest rate | [7],[8],[13] | 5.50% | |||
Interest Rate | [3],[7],[8],[13] | 10.36% | |||
Par Amount | [7],[8],[13] | $ 1,532 | |||
Cost | [1],[7],[8],[13] | 1,362 | |||
Fair Value | [7],[8],[13] | $ 1,362 | |||
Percentage of Net Assets | [7],[8],[13] | 0.26% | |||
Investment, Identifier [Axis]: Appfire Technologies, LLC 1 | |||||
Variable interest rate | 5.50% | [6],[7],[8] | 5.50% | [9],[10],[11] | |
Interest Rate | 10.33% | [3],[6],[7],[8] | 9.92% | [9],[10],[11],[12] | |
Par Amount | $ 7,784 | [6],[7],[8] | $ 6,255 | [9],[10],[11] | |
Cost | 7,735 | [1],[6],[7],[8] | 6,225 | [4],[9],[10],[11] | |
Fair Value | $ 7,554 | [6],[7],[8] | $ 6,018 | [9],[10],[11] | |
Percentage of Net Assets | 1.46% | [6],[7],[8] | 1.17% | [9],[10],[11] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 248 | $ 277 | |||
Fair Value | $ (7) | $ (11) | |||
Investment, Identifier [Axis]: Appfire Technologies, LLC 2 | |||||
Variable interest rate | 5.50% | [7],[8],[13] | 5.50% | [10],[11],[14] | |
Interest Rate | 10.33% | [3],[7],[8],[13] | 9.92% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 1,530 | [10],[11],[14] | |
Cost | (2) | [1],[7],[8],[13] | 1,513 | [4],[10],[11],[14] | |
Fair Value | $ (7) | [7],[8],[13] | $ 1,461 | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0.28% | [10],[11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 26 | $ 26 | |||
Fair Value | $ (1) | $ (1) | |||
Investment, Identifier [Axis]: Appfire Technologies, LLC 3 | |||||
Variable interest rate | 5.50% | [7],[8],[13] | 5.50% | [10],[11],[14] | |
Interest Rate | 10.33% | [3],[7],[8],[13] | 9.92% | [10],[11],[12],[14] | |
Par Amount | $ 2 | [7],[8],[13] | $ 2 | [10],[11],[14] | |
Cost | 1 | [1],[7],[8],[13] | 1 | [4],[10],[11],[14] | |
Fair Value | $ 1 | [7],[8],[13] | $ 1 | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0% | [10],[11],[14] | |
Investment, Identifier [Axis]: Applitools, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 200 | $ 200 | |||
Fair Value | $ (10) | $ (3) | |||
Investment, Identifier [Axis]: Applitools, Inc. 1 | |||||
Variable interest rate | [9],[11],[16],[19] | 6.25% | |||
Variable interest rate, PIK | [6],[8],[15],[20] | 6.25% | |||
Interest rate, PIK | [6],[8],[15],[20] | 11.06% | |||
Interest Rate | [9],[11],[12],[16],[19] | 10.57% | |||
Par Amount | $ 1,517 | [6],[8],[15] | $ 1,477 | [9],[11],[16],[19] | |
Cost | 1,495 | [1],[6],[8],[15] | 1,450 | [4],[9],[11],[16],[19] | |
Fair Value | $ 1,443 | [6],[8],[15] | $ 1,451 | [9],[11],[16],[19] | |
Percentage of Net Assets | 0.28% | [6],[8],[15] | 0.28% | [9],[11],[16],[19] | |
Investment, Identifier [Axis]: Applitools, Inc. 2 | |||||
Variable interest rate | 6.25% | [8],[13],[15],[20] | 6.25% | [11],[14],[16],[19] | |
Interest Rate | 11.06% | [8],[13],[15],[20] | 10.57% | [11],[12],[14],[16],[19] | |
Par Amount | $ 0 | [8],[13] | $ 0 | [11],[14],[16],[19] | |
Cost | (3) | [1],[8],[13] | (4) | [4],[11],[14],[16],[19] | |
Fair Value | $ (10) | [8],[13] | $ (3) | [11],[14],[16],[19] | |
Percentage of Net Assets | 0% | [8],[13] | 0% | [11],[14],[16],[19] | |
Investment, Identifier [Axis]: Aptean, Inc. | |||||
Variable interest rate | 7% | [6],[15] | 7% | [11] | |
Interest Rate | 11.81% | [3],[6],[15] | 11.74% | [11],[12] | |
Par Amount | $ 1,050 | [6],[15] | $ 1,050 | [11] | |
Cost | 1,050 | [1],[6],[15] | 1,050 | [4],[11] | |
Fair Value | $ 965 | [6],[15] | $ 963 | [11] | |
Percentage of Net Assets | 0.19% | [6],[15] | 0.19% | [11] | |
Investment, Identifier [Axis]: Assembly Intermediate, LLC 1 | |||||
Variable interest rate | 6.50% | [6],[8] | 6.50% | [9],[11] | |
Interest Rate | 11.66% | [3],[6],[8] | 11.23% | [9],[11],[12] | |
Par Amount | $ 8,889 | [6],[8] | $ 8,889 | [9],[11] | |
Cost | 8,746 | [1],[6],[8] | 8,740 | [4],[9],[11] | |
Fair Value | $ 8,573 | [6],[8] | $ 8,548 | [9],[11] | |
Percentage of Net Assets | 1.66% | [6],[8] | 1.66% | [9],[11] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 978 | $ 978 | |||
Fair Value | $ (35) | $ (38) | |||
Investment, Identifier [Axis]: Assembly Intermediate, LLC 2 | |||||
Variable interest rate | 6.50% | [7],[8],[13] | 6.50% | [11],[14] | |
Interest Rate | 11.66% | [3],[7],[8],[13] | 11.23% | [11],[12],[14] | |
Par Amount | $ 1,244 | [7],[8],[13] | $ 1,244 | [11],[14] | |
Cost | 1,217 | [1],[7],[8],[13] | 1,215 | [4],[11],[14] | |
Fair Value | $ 1,166 | [7],[8],[13] | $ 1,159 | [11],[14] | |
Percentage of Net Assets | 0.23% | [7],[8],[13] | 0.22% | [11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 533 | $ 533 | |||
Fair Value | $ (19) | $ (20) | |||
Investment, Identifier [Axis]: Assembly Intermediate, LLC 3 | |||||
Variable interest rate | 6.50% | [7],[8],[13] | 6.50% | [11],[14] | |
Interest Rate | 11.66% | [3],[7],[8],[13] | 11.23% | [11],[12],[14] | |
Par Amount | $ 356 | [7],[8],[13] | $ 356 | [11],[14] | |
Cost | 342 | [1],[7],[8],[13] | 341 | [4],[11],[14] | |
Fair Value | $ 324 | [7],[8],[13] | $ 321 | [11],[14] | |
Percentage of Net Assets | 0.06% | [7],[8],[13] | 0.06% | [11],[14] | |
Investment, Identifier [Axis]: Associations, Inc. 1 | |||||
Variable interest rate | 6.50% | 6.50% | |||
Interest rate, PIK | 2.50% | 2.50% | |||
Interest Rate | 11.36% | [3],[6],[7],[8] | 10.36% | [9],[10],[11],[12] | |
Par Amount | $ 7,013 | [6],[7],[8] | $ 6,968 | [9],[10],[11] | |
Cost | 6,962 | [1],[6],[7],[8] | 6,915 | [4],[9],[10],[11] | |
Fair Value | $ 6,758 | [6],[7],[8] | $ 6,652 | [9],[10],[11] | |
Percentage of Net Assets | 1.31% | [6],[7],[8] | 1.29% | [9],[10],[11] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 880 | $ 1,109 | |||
Fair Value | $ (32) | $ (50) | |||
Investment, Identifier [Axis]: Associations, Inc. 2 | |||||
Variable interest rate | 6.50% | 6.50% | |||
Interest rate, PIK | 2.50% | 2.50% | |||
Interest Rate | 11.36% | [3],[6],[7],[8],[13] | 10.36% | [9],[10],[11],[12],[14] | |
Par Amount | $ 6,459 | [6],[7],[8],[13] | $ 6,190 | [9],[10],[11],[14] | |
Cost | 6,405 | [1],[6],[7],[8],[13] | 6,135 | [4],[9],[10],[11],[14] | |
Fair Value | $ 6,191 | [6],[7],[8],[13] | $ 5,859 | [9],[10],[11],[14] | |
Percentage of Net Assets | 1.20% | [6],[7],[8],[13] | 1.13% | [9],[10],[11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 797 | $ 797 | |||
Fair Value | $ (29) | $ (36) | |||
Investment, Identifier [Axis]: Associations, Inc. 3 | |||||
Variable interest rate | 6.50% | 6.50% | |||
Interest rate, PIK | 2.50% | 2.50% | |||
Interest Rate | 11.36% | [3],[7],[8],[13] | 10.36% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | (6) | [1],[7],[8],[13] | (6) | [4],[10],[11],[14] | |
Fair Value | $ (29) | [7],[8],[13] | $ (36) | [10],[11],[14] | |
Percentage of Net Assets | (0.01%) | [7],[8],[13] | (0.01%) | [10],[11],[14] | |
Investment, Identifier [Axis]: Atlas Purchaser, Inc. | |||||
Variable interest rate | 5.25% | [6],[8],[15] | 5.25% | [11],[16] | |
Interest Rate | 10.39% | [3],[6],[8],[15] | 9.81% | [11],[12],[16] | |
Par Amount | $ 3,814 | [6],[8],[15] | $ 3,824 | [11],[16] | |
Cost | 3,755 | [1],[6],[8],[15] | 3,762 | [4],[11],[16] | |
Fair Value | $ 2,609 | [6],[8],[15] | $ 2,668 | [11],[16] | |
Percentage of Net Assets | 0.51% | [6],[8],[15] | 0.52% | [11],[16] | |
Investment, Identifier [Axis]: Atlas Us Finco, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 78 | $ 78 | |||
Fair Value | $ (2) | $ (2) | |||
Investment, Identifier [Axis]: Atlas Us Finco, Inc. 1 | |||||
Variable interest rate | 7.25% | [6],[7],[8],[20] | 7.25% | [9],[10],[11],[19] | |
Interest Rate | 11.98% | [3],[6],[7],[8],[20] | 11.48% | [9],[10],[11],[12],[19] | |
Par Amount | $ 840 | [6],[7],[8],[20] | $ 840 | [9],[10],[11],[19] | |
Cost | 815 | [1],[6],[7],[8],[20] | 815 | [4],[9],[10],[11],[19] | |
Fair Value | $ 819 | [6],[7],[8],[20] | $ 815 | [9],[10],[11],[19] | |
Percentage of Net Assets | 0.16% | [6],[7],[8],[20] | 0.16% | [9],[10],[11],[19] | |
Investment, Identifier [Axis]: Atlas Us Finco, Inc. 2 | |||||
Variable interest rate | 7.25% | [7],[8],[13],[20] | 7.25% | [10],[11],[14],[19] | |
Interest Rate | 11.98% | [3],[7],[8],[13],[20] | 11.48% | [10],[11],[12],[14],[19] | |
Par Amount | $ 0 | [7],[8],[13],[20] | $ 0 | [10],[11],[14],[19] | |
Cost | (2) | [1],[7],[8],[13],[20] | (2) | [4],[10],[11],[14],[19] | |
Fair Value | $ (2) | [7],[8],[13],[20] | $ (2) | [10],[11],[14],[19] | |
Percentage of Net Assets | 0% | [7],[8],[13],[20] | 0% | [10],[11],[14],[19] | |
Investment, Identifier [Axis]: Avalara, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 234 | $ 234 | |||
Fair Value | $ (3) | $ (6) | |||
Investment, Identifier [Axis]: Avalara, Inc. 1 | |||||
Variable interest rate | 7.25% | [6],[8],[15] | 7.25% | [9],[11],[16] | |
Interest Rate | 12.15% | [3],[6],[8],[15] | 11.83% | [9],[11],[12],[16] | |
Par Amount | $ 2,336 | [6],[8],[15] | $ 2,336 | [9],[11],[16] | |
Cost | 2,281 | [1],[6],[8],[15] | 2,279 | [4],[9],[11],[16] | |
Fair Value | $ 2,309 | [6],[8],[15] | $ 2,279 | [9],[11],[16] | |
Percentage of Net Assets | 0.45% | [6],[8],[15] | 0.44% | [9],[11],[16] | |
Investment, Identifier [Axis]: Avalara, Inc. 2 | |||||
Variable interest rate | 7.25% | [8],[13],[15] | 7.25% | [11],[14],[16] | |
Interest Rate | 12.15% | [3],[8],[13],[15] | 11.83% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (6) | [1],[8],[13],[15] | (6) | [4],[11],[14],[16] | |
Fair Value | $ (3) | [8],[13],[15] | $ (6) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: BP Purchaser, LLC 1 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 10.65% | [3],[6],[8],[15] | 10.24% | [9],[11],[12],[16] | |
Par Amount | $ 23,428 | [6],[8],[15] | $ 23,487 | [9],[11],[16] | |
Cost | 23,029 | [1],[6],[8],[15] | 23,074 | [4],[9],[11],[16] | |
Fair Value | $ 22,111 | [6],[8],[15] | $ 21,927 | [9],[11],[16] | |
Percentage of Net Assets | 4.28% | [6],[8],[15] | 4.25% | [9],[11],[16] | |
Investment, Identifier [Axis]: BP Purchaser, LLC 2 | |||||
Par Amount, Shares (in shares) | 1,233,333 | [8],[17] | 1,233,333 | [11],[18] | |
Cost | $ 1,233 | [1],[8],[17] | $ 1,233 | [4],[11],[18] | |
Fair Value | $ 1,283 | [8],[17] | $ 1,468 | [11],[18] | |
Percentage of Net Assets | 0.25% | [8],[17] | 0.28% | [11],[18] | |
Investment, Identifier [Axis]: BPG Holdings IV Corp. | |||||
Variable interest rate | 6% | [6],[8],[15] | 6% | [9],[11],[16] | |
Interest Rate | 10.90% | [3],[6],[8],[15] | 10.54% | [9],[11],[12],[16] | |
Par Amount | $ 9,605 | [6],[8],[15] | $ 9,626 | [9],[11],[16] | |
Cost | 8,997 | [1],[6],[8],[15] | 9,001 | [4],[9],[11],[16] | |
Fair Value | $ 9,113 | [6],[8],[15] | $ 9,000 | [9],[11],[16] | |
Percentage of Net Assets | 1.77% | [6],[8],[15] | 1.74% | [9],[11],[16] | |
Investment, Identifier [Axis]: Bridgepointe Technologies, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 3,405 | $ 3,840 | |||
Fair Value | $ (137) | $ (153) | |||
Investment, Identifier [Axis]: Bridgepointe Technologies, LLC 1 | |||||
Variable interest rate | 6.50% | [7],[8] | 6.50% | [10],[11] | |
Interest Rate | 11.55% | [3],[7],[8] | 11.23% | [10],[11],[12] | |
Par Amount | $ 5,746 | [7],[8] | $ 5,760 | [10],[11] | |
Cost | 5,525 | [1],[7],[8] | 5,531 | [4],[10],[11] | |
Fair Value | $ 5,514 | [7],[8] | $ 5,531 | [10],[11] | |
Percentage of Net Assets | 1.07% | [7],[8] | 1.07% | [10],[11] | |
Investment, Identifier [Axis]: Bridgepointe Technologies, LLC 2 | |||||
Variable interest rate | 6.50% | [7],[8],[13] | 6.50% | [10],[11],[14] | |
Interest Rate | 11.41% | [3],[7],[8],[13] | 11.23% | [10],[11],[12],[14] | |
Par Amount | $ 435 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | 286 | [1],[7],[8],[13] | (153) | [4],[10],[11],[14] | |
Fair Value | $ 281 | [7],[8],[13] | $ (153) | [10],[11],[14] | |
Percentage of Net Assets | 0.05% | [7],[8],[13] | (0.03%) | [10],[11],[14] | |
Investment, Identifier [Axis]: Bullhorn, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 8 | $ 4 | |||
Fair Value | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: Bullhorn, Inc. 1 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.75% | [9],[10],[11] | |
Interest Rate | 10.91% | [3],[6],[7],[8] | 10.48% | [9],[10],[11],[12] | |
Par Amount | $ 153 | [6],[7],[8] | $ 171 | [9],[10],[11] | |
Cost | 152 | [1],[6],[7],[8] | 170 | [4],[9],[10],[11] | |
Fair Value | $ 150 | [6],[7],[8] | $ 166 | [9],[10],[11] | |
Percentage of Net Assets | 0.03% | [6],[7],[8] | 0.03% | [9],[10],[11] | |
Investment, Identifier [Axis]: Bullhorn, Inc. 2 | |||||
Variable interest rate | 5.75% | [7],[8] | 5.75% | [10],[11] | |
Interest Rate | 10.91% | [3],[7],[8] | 10.48% | [10],[11],[12] | |
Par Amount | $ 17 | [7],[8] | $ 19 | [10],[11] | |
Cost | 17 | [1],[7],[8] | 19 | [4],[10],[11] | |
Fair Value | $ 17 | [7],[8] | $ 19 | [10],[11] | |
Percentage of Net Assets | 0% | [7],[8] | 0% | [10],[11] | |
Investment, Identifier [Axis]: Bullhorn, Inc. 3 | |||||
Variable interest rate | 5.75% | [7],[8] | 5.75% | [10],[11],[14] | |
Interest Rate | 10.91% | [3],[7],[8] | 10.48% | [10],[11],[12],[14] | |
Par Amount | $ 19 | [7],[8] | $ 4 | [10],[11],[14] | |
Cost | 19 | [1],[7],[8] | 4 | [4],[10],[11],[14] | |
Fair Value | $ 19 | [7],[8] | $ 3 | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8] | 0% | [10],[11],[14] | |
Investment, Identifier [Axis]: Bullhorn, Inc. 4 | |||||
Variable interest rate | [7],[8],[13] | 5.75% | |||
Interest Rate | [3],[7],[8],[13] | 10.91% | |||
Par Amount | [7],[8],[13] | $ 0 | |||
Cost | [1],[7],[8],[13] | 0 | |||
Fair Value | [7],[8],[13] | $ 0 | |||
Percentage of Net Assets | [7],[8],[13] | 0% | |||
Investment, Identifier [Axis]: CLEO Communications Holding, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 5,358 | $ 5,358 | |||
Fair Value | $ (176) | $ (191) | |||
Investment, Identifier [Axis]: CLEO Communications Holding, LLC 1 | |||||
Variable interest rate | 6.50% | [6],[7],[8] | 6.50% | [9],[10],[11] | |
Interest Rate | 11.22% | [3],[6],[7],[8] | 10.74% | [9],[10],[11],[12] | |
Par Amount | $ 17,142 | [6],[7],[8] | $ 17,142 | [9],[10],[11] | |
Cost | 17,014 | [1],[6],[7],[8] | 17,008 | [4],[9],[10],[11] | |
Fair Value | $ 16,580 | [6],[7],[8] | $ 16,532 | [9],[10],[11] | |
Percentage of Net Assets | 3.21% | [6],[7],[8] | 3.20% | [9],[10],[11] | |
Investment, Identifier [Axis]: CLEO Communications Holding, LLC 2 | |||||
Variable interest rate | 6.50% | [7],[8],[13] | 6.50% | [10],[11],[14] | |
Interest Rate | 11.22% | [3],[7],[8],[13] | 10.74% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | (37) | [1],[7],[8],[13] | (40) | [4],[10],[11],[14] | |
Fair Value | $ (176) | [7],[8],[13] | $ (191) | [10],[11],[14] | |
Percentage of Net Assets | (0.03%) | [7],[8],[13] | (0.04%) | [10],[11],[14] | |
Investment, Identifier [Axis]: CSC Thrive Holdings, LP (Thrive Networks) | |||||
Par Amount, Shares (in shares) | 53,339 | [8],[17] | 53,339 | [11],[18] | |
Cost | $ 137 | [1],[8],[17] | $ 137 | [4],[11],[18] | |
Fair Value | $ 222 | [8],[17] | $ 213 | [11],[18] | |
Percentage of Net Assets | 0.04% | [8],[17] | 0.04% | [11],[18] | |
Investment, Identifier [Axis]: Caerus US 1, Inc. 1 | |||||
Variable interest rate | 5.75% | [8],[15],[20] | 5.75% | [11],[16],[19] | |
Interest Rate | 10.65% | [3],[8],[15],[20] | 9.83% | [11],[12],[16],[19] | |
Par Amount | $ 1,841 | [8],[15],[20] | $ 1,841 | [11],[16],[19] | |
Cost | 1,806 | [1],[8],[15],[20] | 1,805 | [4],[11],[16],[19] | |
Fair Value | $ 1,809 | [8],[15],[20] | $ 1,805 | [11],[16],[19] | |
Percentage of Net Assets | 0.35% | [8],[15],[20] | 0.35% | [11],[16],[19] | |
Unused Fee Rate | 1% | 0% | |||
Unfunded commitments | $ 266 | $ 266 | |||
Fair Value | $ (5) | $ (3) | |||
Investment, Identifier [Axis]: Caerus US 1, Inc. 2 | |||||
Variable interest rate | 5.75% | [8],[13],[15],[20] | 5.75% | [11],[14],[16],[19] | |
Interest Rate | 10.65% | [3],[8],[13],[15],[20] | 9.83% | [11],[12],[14],[16],[19] | |
Par Amount | $ 0 | [8],[13],[15],[20] | $ 0 | [11],[14],[16],[19] | |
Cost | (2) | [1],[8],[13],[15],[20] | (3) | [4],[11],[14],[16],[19] | |
Fair Value | $ (4) | [8],[13],[15],[20] | $ (3) | [11],[14],[16],[19] | |
Percentage of Net Assets | 0% | [8],[13],[15],[20] | 0% | [11],[14],[16],[19] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 133 | $ 145 | |||
Fair Value | $ (2) | $ (3) | |||
Investment, Identifier [Axis]: Caerus US 1, Inc. 3 | |||||
Variable interest rate | 5.75% | [8],[13],[15],[20] | 5.75% | [11],[14],[16],[19] | |
Interest Rate | 10.65% | [3],[8],[13],[15],[20] | 9.83% | [11],[12],[14],[16],[19] | |
Par Amount | $ 61 | [8],[13],[15],[20] | $ 48 | [11],[14],[16],[19] | |
Cost | 57 | [1],[8],[13],[15],[20] | 45 | [4],[11],[14],[16],[19] | |
Fair Value | $ 57 | [8],[13],[15],[20] | $ 45 | [11],[14],[16],[19] | |
Percentage of Net Assets | 0.01% | [8],[13],[15],[20] | 0.01% | [11],[14],[16],[19] | |
Investment, Identifier [Axis]: Catalis Intermediate, Inc. 1 | |||||
Variable interest rate | [6],[8],[15] | 5.50% | |||
Interest Rate | [3],[6],[8],[15] | 10.66% | |||
Par Amount | [6],[8],[15] | $ 16,997 | |||
Cost | [1],[6],[8],[15] | 16,670 | |||
Fair Value | [6],[8],[15] | $ 14,969 | |||
Percentage of Net Assets | [6],[8],[15] | 2.90% | |||
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 1,794 | ||||
Fair Value | $ (214) | ||||
Investment, Identifier [Axis]: Catalis Intermediate, Inc. 2 | |||||
Variable interest rate | [6],[8],[13],[15] | 5.50% | |||
Interest Rate | [3],[6],[8],[13],[15] | 10.66% | |||
Par Amount | [6],[8],[13],[15] | $ 3,824 | |||
Cost | [1],[6],[8],[13],[15] | 3,736 | |||
Fair Value | [6],[8],[13],[15] | $ 3,154 | |||
Percentage of Net Assets | [6],[8],[13],[15] | 0.61% | |||
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 182 | ||||
Fair Value | $ (22) | ||||
Investment, Identifier [Axis]: Catalis Intermediate, Inc. 3 | |||||
Variable interest rate | [8],[13],[15] | 5.50% | |||
Interest Rate | [3],[8],[13],[15] | 10.66% | |||
Par Amount | [8],[13],[15] | $ 1,634 | |||
Cost | [1],[8],[13],[15] | 1,602 | |||
Fair Value | [8],[13],[15] | $ 1,418 | |||
Percentage of Net Assets | [8],[13],[15] | 0.27% | |||
Investment, Identifier [Axis]: Cerity Partners, LLC | |||||
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 2,553 | $ 4,823 | |||
Fair Value | $ (48) | $ (145) | |||
Investment, Identifier [Axis]: Cerity Partners, LLC 1 | |||||
Variable interest rate | 6.75% | [6],[8],[15] | 6.75% | [9],[11],[16] | |
Interest Rate | 11.54% | [3],[6],[8],[15] | 11.32% | [9],[11],[12],[16] | |
Par Amount | $ 1,733 | [6],[8],[15] | $ 3,272 | [9],[11],[16] | |
Cost | 1,682 | [1],[6],[8],[15] | 3,175 | [4],[9],[11],[16] | |
Fair Value | $ 1,700 | [6],[8],[15] | $ 3,174 | [9],[11],[16] | |
Percentage of Net Assets | 0.33% | [6],[8],[15] | 0.61% | [9],[11],[16] | |
Investment, Identifier [Axis]: Cerity Partners, LLC 2 | |||||
Variable interest rate | 6.75% | [8],[13],[15] | 6.75% | [11],[14],[16] | |
Interest Rate | 11.54% | [3],[8],[13],[15] | 11.32% | [11],[12],[14],[16] | |
Par Amount | $ 91 | [8],[13],[15] | $ 172 | [11],[14],[16] | |
Cost | 15 | [1],[8],[13],[15] | 23 | [4],[11],[14],[16] | |
Fair Value | $ 41 | [8],[13],[15] | $ 23 | [11],[14],[16] | |
Percentage of Net Assets | 0.01% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: Citrin Cooperman Advisors, LLC | |||||
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 3,618 | $ 4,206 | |||
Fair Value | $ (98) | $ (125) | |||
Investment, Identifier [Axis]: Citrin Cooperman Advisors, LLC 1 | |||||
Variable interest rate | 5% | [6],[8],[15] | 5% | [9],[11],[16] | |
Interest Rate | 9.96% | [3],[6],[8],[15] | 9.21% | [9],[11],[12],[16] | |
Par Amount | $ 8,561 | [6],[8],[15] | $ 8,582 | [9],[11],[16] | |
Cost | 8,425 | [1],[6],[8],[15] | 8,441 | [4],[9],[11],[16] | |
Fair Value | $ 8,329 | [6],[8],[15] | $ 8,326 | [9],[11],[16] | |
Percentage of Net Assets | 1.61% | [6],[8],[15] | 1.61% | [9],[11],[16] | |
Investment, Identifier [Axis]: Citrin Cooperman Advisors, LLC 2 | |||||
Variable interest rate | 5% | [8],[13],[15] | 5% | [9],[11],[16] | |
Interest Rate | 9.96% | [3],[8],[13],[15] | 9.21% | [9],[11],[12],[16] | |
Par Amount | $ 6,338 | [8],[13],[15] | $ 9,444 | [9],[11],[16] | |
Cost | 6,196 | [1],[8],[13],[15] | 9,247 | [4],[9],[11],[16] | |
Fair Value | $ 6,069 | [8],[13],[15] | $ 9,037 | [9],[11],[16] | |
Percentage of Net Assets | 1.18% | [8],[13],[15] | 1.75% | [9],[11],[16] | |
Investment, Identifier [Axis]: Citrin Cooperman Advisors, LLC 3 | |||||
Variable interest rate | [6],[8] | 5% | |||
Interest Rate | [3],[6],[8] | 9.33% | |||
Par Amount | [6],[8] | $ 3,669 | |||
Cost | [1],[6],[8] | 3,618 | |||
Fair Value | [6],[8] | $ 3,570 | |||
Percentage of Net Assets | [6],[8] | 0.69% | |||
Investment, Identifier [Axis]: Continental Battery Company | |||||
Variable interest rate | 6.75% | [6],[7],[8] | 6.75% | [9],[10],[11] | |
Interest Rate | 11.91% | [3],[6],[7],[8] | 11.48% | [9],[10],[11],[12] | |
Par Amount | $ 6,172 | [6],[7],[8] | $ 6,188 | [9],[10],[11] | |
Cost | 6,073 | [1],[6],[7],[8] | 6,083 | [4],[9],[10],[11] | |
Fair Value | $ 5,513 | [6],[7],[8] | $ 5,904 | [9],[10],[11] | |
Percentage of Net Assets | 1.07% | [6],[7],[8] | 1.14% | [9],[10],[11] | |
Investment, Identifier [Axis]: Coupa Holdings,LLC | |||||
Variable interest rate | [8],[15] | 7.50% | |||
Interest Rate | [3],[8],[15] | 12.29% | |||
Par Amount | [8],[15] | $ 315 | |||
Cost | [1],[8],[15] | 308 | |||
Fair Value | [8],[15] | $ 308 | |||
Percentage of Net Assets | [8],[15] | 0.06% | |||
Investment, Identifier [Axis]: Coupa Holdings,LLC 1 | |||||
Variable interest rate | [8],[13],[15] | 7.50% | |||
Interest Rate | [3],[8],[13],[15] | 12.29% | |||
Par Amount | [8],[13],[15] | $ 0 | |||
Cost | [1],[8],[13],[15] | (2) | |||
Fair Value | [8],[13],[15] | $ (2) | |||
Percentage of Net Assets | [8],[13],[15] | 0% | |||
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 151 | ||||
Fair Value | $ (2) | ||||
Investment, Identifier [Axis]: Coupa Holdings,LLC 2 | |||||
Variable interest rate | [8],[13],[15] | 7.50% | |||
Interest Rate | [3],[8],[13],[15] | 10.29% | |||
Par Amount | [8],[13],[15] | $ 0 | |||
Cost | [1],[8],[13],[15] | (3) | |||
Fair Value | [8],[13],[15] | $ (3) | |||
Percentage of Net Assets | [8],[13],[15] | 0% | |||
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 116 | ||||
Fair Value | $ (3) | ||||
Investment, Identifier [Axis]: DCA Investment Holdings, LLC | |||||
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 247 | $ 389 | |||
Fair Value | $ (8) | $ (6) | |||
Investment, Identifier [Axis]: DCA Investment Holdings, LLC 1 | |||||
Variable interest rate | 6.50% | [6],[8],[15] | 6% | [9],[11],[16] | |
Interest Rate | 11.30% | [3],[6],[8],[15] | 10.39% | [9],[11],[12],[16] | |
Par Amount | $ 4,724 | [6],[8],[15] | $ 4,737 | [9],[11],[16] | |
Cost | 4,670 | [1],[6],[8],[15] | 4,681 | [4],[9],[11],[16] | |
Fair Value | $ 4,569 | [6],[8],[15] | $ 4,666 | [9],[11],[16] | |
Percentage of Net Assets | 0.89% | [6],[8],[15] | 0.90% | [9],[11],[16] | |
Investment, Identifier [Axis]: DCA Investment Holdings, LLC 2 | |||||
Variable interest rate | 6.50% | [6],[8],[15] | 6% | [9],[11],[14],[16] | |
Interest Rate | 11.30% | [3],[6],[8],[15] | 10.39% | [9],[11],[12],[14],[16] | |
Par Amount | $ 1,182 | [6],[8],[15] | $ 1,129 | [9],[11],[14],[16] | |
Cost | 1,165 | [1],[6],[8],[15] | 1,111 | [4],[9],[11],[14],[16] | |
Fair Value | $ 1,143 | [6],[8],[15] | $ 1,111 | [9],[11],[14],[16] | |
Percentage of Net Assets | 0.22% | [6],[8],[15] | 0.22% | [9],[11],[14],[16] | |
Investment, Identifier [Axis]: DCA Investment Holdings, LLC 3 | |||||
Variable interest rate | 6.50% | [8],[13],[15] | 6% | [11],[14],[16] | |
Interest Rate | 11.30% | [3],[8],[13],[15] | 10.39% | [11],[12],[14],[16] | |
Par Amount | $ 88 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | 82 | [1],[8],[13],[15] | (5) | [4],[11],[14],[16] | |
Fair Value | $ 77 | [8],[13],[15] | $ (5) | [11],[14],[16] | |
Percentage of Net Assets | 0.01% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: Donuts, Inc. | |||||
Unused Fee Rate | 0.25% | 0.25% | |||
Unfunded commitments | $ 1,583 | $ 1,583 | |||
Fair Value | $ (27) | $ (40) | |||
Investment, Identifier [Axis]: Donuts, Inc. 1 | |||||
Variable interest rate | 6% | [6],[8] | 6% | [9],[10],[11] | |
Interest Rate | 10.97% | [3],[6],[8] | 10.43% | [9],[10],[11],[12] | |
Par Amount | $ 9,468 | [6],[8] | $ 6,125 | [9],[10],[11] | |
Cost | 9,377 | [1],[6],[8] | 6,036 | [4],[9],[10],[11] | |
Fair Value | $ 9,305 | [6],[8] | $ 5,970 | [9],[10],[11] | |
Percentage of Net Assets | 1.80% | [6],[8] | 1.16% | [9],[10],[11] | |
Investment, Identifier [Axis]: Donuts, Inc. 2 | |||||
Variable interest rate | 6% | [8],[13] | 6% | [9],[10],[11] | |
Interest Rate | 10.97% | [3],[8],[13] | 10.43% | [9],[10],[11],[12] | |
Par Amount | $ 0 | [8],[13] | $ 3,368 | [9],[10],[11] | |
Cost | 0 | [1],[8],[13] | 3,368 | [4],[9],[10],[11] | |
Fair Value | $ (27) | [8],[13] | $ 3,282 | [9],[10],[11] | |
Percentage of Net Assets | (0.01%) | [8],[13] | 0.64% | [9],[10],[11] | |
Investment, Identifier [Axis]: Donuts, Inc. 3 | |||||
Variable interest rate | [10],[11],[14] | 6% | |||
Interest Rate | [10],[11],[12],[14] | 10.43% | |||
Par Amount | [10],[11],[14] | $ 0 | |||
Cost | [4],[10],[11],[14] | 0 | |||
Fair Value | [10],[11],[14] | $ (40) | |||
Percentage of Net Assets | [10],[11],[14] | (0.01%) | |||
Investment, Identifier [Axis]: Dwyer Instruments, Inc. 1 | |||||
Variable interest rate | 6% | [6],[8],[15] | 6% | [9],[11],[16] | |
Interest Rate | 11.16% | [3],[6],[8],[15] | 10.73% | [9],[11],[12],[16] | |
Par Amount | $ 2,543 | [6],[8],[15] | $ 2,549 | [9],[11],[16] | |
Cost | 2,498 | [1],[6],[8],[15] | 2,503 | [4],[9],[11],[16] | |
Fair Value | $ 2,450 | [6],[8],[15] | $ 2,434 | [9],[11],[16] | |
Percentage of Net Assets | 0.47% | [6],[8],[15] | 0.47% | [9],[11],[16] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 641 | $ 641 | |||
Fair Value | $ (23) | $ (29) | |||
Investment, Identifier [Axis]: Dwyer Instruments, Inc. 2 | |||||
Variable interest rate | 6% | [8],[13],[15] | 6% | [11],[14],[16] | |
Interest Rate | 11.16% | [3],[8],[13],[15] | 10.73% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (5) | [1],[8],[13],[15] | (6) | [4],[11],[14],[16] | |
Fair Value | $ (23) | [8],[13],[15] | $ (29) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13],[15] | (0.01%) | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 250 | $ 271 | |||
Fair Value | $ (9) | $ (12) | |||
Investment, Identifier [Axis]: Dwyer Instruments, Inc. 3 | |||||
Variable interest rate | 5% | [8],[13] | 6% | [11],[14],[16] | |
Interest Rate | 13% | [3],[8],[13] | 10.73% | [11],[12],[14],[16] | |
Par Amount | $ 71 | [8],[13] | $ 50 | [11],[14],[16] | |
Cost | 66 | [1],[8],[13] | 44 | [4],[11],[14],[16] | |
Fair Value | $ 59 | [8],[13] | $ 36 | [11],[14],[16] | |
Percentage of Net Assets | 0.01% | [8],[13] | 0.01% | [11],[14],[16] | |
Investment, Identifier [Axis]: Encore Holdings, LLC | |||||
Par Amount, Shares (in shares) | 559 | [8],[17] | 478 | [11],[18] | |
Cost | $ 70 | [1],[8],[17] | $ 55 | [4],[11],[18] | |
Fair Value | $ 96 | [8],[17] | $ 90 | [11],[18] | |
Percentage of Net Assets | 0.02% | [8],[17] | 0.02% | [11],[18] | |
Investment, Identifier [Axis]: Encore Holdings, LLC 1 | |||||
Variable interest rate | 4.75% | [6],[8],[15] | 4.50% | [9],[11],[16] | |
Interest Rate | 9.91% | [3],[6],[8],[15] | 9.23% | [9],[11],[12],[16] | |
Par Amount | $ 9,225 | [6],[8],[15] | $ 9,248 | [9],[11],[16] | |
Cost | 9,089 | [1],[6],[8],[15] | 9,107 | [4],[9],[11],[16] | |
Fair Value | $ 9,034 | [6],[8],[15] | $ 9,031 | [9],[11],[16] | |
Percentage of Net Assets | 1.75% | [6],[8],[15] | 1.75% | [9],[11],[16] | |
Unused Fee Rate | 0.75% | 0.75% | |||
Unfunded commitments | $ 6,341 | $ 7,347 | |||
Fair Value | $ (131) | $ (173) | |||
Investment, Identifier [Axis]: Encore Holdings, LLC 2 | |||||
Variable interest rate | 4.75% | [6],[8],[13],[15] | 4.50% | [9],[11],[14],[16] | |
Interest Rate | 9.91% | [3],[6],[8],[13],[15] | 9.23% | [9],[11],[12],[14],[16] | |
Par Amount | $ 11,549 | [6],[8],[13],[15] | $ 10,570 | [9],[11],[14],[16] | |
Cost | 11,338 | [1],[6],[8],[13],[15] | 10,350 | [4],[9],[11],[14],[16] | |
Fair Value | $ 11,179 | [6],[8],[13],[15] | $ 10,149 | [9],[11],[14],[16] | |
Percentage of Net Assets | 2.17% | [6],[8],[13],[15] | 1.97% | [9],[11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 2,695 | $ 2,695 | |||
Fair Value | $ (56) | $ (63) | |||
Investment, Identifier [Axis]: Encore Holdings, LLC 3 | |||||
Variable interest rate | 4.75% | [8],[13],[15] | 4.50% | [11],[14],[16] | |
Interest Rate | 9.91% | [3],[8],[13],[15] | 9.23% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (37) | [1],[8],[13],[15] | (38) | [4],[11],[14],[16] | |
Fair Value | $ (56) | [8],[13],[15] | $ (63) | [11],[14],[16] | |
Percentage of Net Assets | (0.01%) | [8],[13],[15] | (0.01%) | [11],[14],[16] | |
Investment, Identifier [Axis]: Energy Labs Holdings Corp. 1 | |||||
Variable interest rate | 5.25% | [6],[7],[8] | 5.25% | [9],[10],[11] | |
Interest Rate | 10.08% | [3],[6],[7],[8] | 9.57% | [9],[10],[11],[12] | |
Par Amount | $ 387 | [6],[7],[8] | $ 388 | [9],[10],[11] | |
Cost | 382 | [1],[6],[7],[8] | 382 | [4],[9],[10],[11] | |
Fair Value | $ 376 | [6],[7],[8] | $ 376 | [9],[10],[11] | |
Percentage of Net Assets | 0.07% | [6],[7],[8] | 0.07% | [9],[10],[11] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 47 | $ 47 | |||
Fair Value | $ (1) | $ (1) | |||
Investment, Identifier [Axis]: Energy Labs Holdings Corp. 2 | |||||
Variable interest rate | 5.25% | [7],[8],[13] | 5.25% | [10],[11],[14] | |
Interest Rate | 10.08% | [3],[7],[8],[13] | 9.57% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | 0 | [1],[7],[8],[13] | 0 | [4],[10],[11],[14] | |
Fair Value | $ (1) | [7],[8],[13] | $ (2) | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0% | [10],[11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 51 | $ 45 | |||
Fair Value | $ (1) | $ (1) | |||
Investment, Identifier [Axis]: Energy Labs Holdings Corp. 3 | |||||
Variable interest rate | 5.25% | [7],[8],[13] | 5.25% | [10],[11],[14] | |
Interest Rate | 10.09% | [3],[7],[8],[13] | 9.57% | [10],[11],[12],[14] | |
Par Amount | $ 12 | [7],[8],[13] | $ 18 | [10],[11],[14] | |
Cost | 11 | [1],[7],[8],[13] | 17 | [4],[10],[11],[14] | |
Fair Value | $ 10 | [7],[8],[13] | $ 16 | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0% | [10],[11],[14] | |
Investment, Identifier [Axis]: FLS Holding, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 1,442 | $ 1,442 | |||
Fair Value | $ (20) | $ (24) | |||
Investment, Identifier [Axis]: FLS Holding, Inc. 1 | |||||
Variable interest rate | 5.25% | [6],[7],[8],[20] | 5.25% | [9],[10],[11],[19] | |
Interest Rate | 10.21% | [3],[6],[7],[8],[20] | 10.40% | [9],[10],[11],[12],[19] | |
Par Amount | $ 16,540 | [6],[7],[8],[20] | $ 16,581 | [9],[10],[11],[19] | |
Cost | 16,257 | [1],[6],[7],[8],[20] | 16,289 | [4],[9],[10],[11],[19] | |
Fair Value | $ 16,312 | [6],[7],[8],[20] | $ 16,311 | [9],[10],[11],[19] | |
Percentage of Net Assets | 3.16% | [6],[7],[8],[20] | 3.16% | [9],[10],[11],[19] | |
Investment, Identifier [Axis]: FLS Holding, Inc. 2 | |||||
Variable interest rate | 5.25% | [6],[7],[8],[20] | 5.25% | [9],[10],[11],[19] | |
Interest Rate | 10.25% | [3],[6],[7],[8],[20] | 10.40% | [9],[10],[11],[12],[19] | |
Par Amount | $ 3,596 | [6],[7],[8],[20] | $ 3,605 | [9],[10],[11],[19] | |
Cost | 3,533 | [1],[6],[7],[8],[20] | 3,539 | [4],[9],[10],[11],[19] | |
Fair Value | $ 3,546 | [6],[7],[8],[20] | $ 3,546 | [9],[10],[11],[19] | |
Percentage of Net Assets | 0.69% | [6],[7],[8],[20] | 0.69% | [9],[10],[11],[19] | |
Investment, Identifier [Axis]: FLS Holding, Inc. 3 | |||||
Variable interest rate | 5.25% | [7],[8],[13],[20] | 5.25% | [10],[11],[14],[19] | |
Interest Rate | 10.25% | [3],[7],[8],[13],[20] | 10.40% | [10],[11],[12],[14],[19] | |
Par Amount | $ 0 | [7],[8],[13],[20] | $ 0 | [10],[11],[14],[19] | |
Cost | (23) | [1],[7],[8],[13],[20] | (24) | [4],[10],[11],[14],[19] | |
Fair Value | $ (20) | [7],[8],[13],[20] | $ (24) | [10],[11],[14],[19] | |
Percentage of Net Assets | 0% | [7],[8],[13],[20] | 0% | [10],[11],[14],[19] | |
Investment, Identifier [Axis]: FMG Suite Holdings, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 889 | $ 889 | |||
Fair Value | $ (17) | $ (19) | |||
Investment, Identifier [Axis]: FMG Suite Holdings, LLC 1 | |||||
Variable interest rate | 5.50% | [6],[7],[8] | 5.50% | [9],[10],[11] | |
Interest Rate | 10.23% | [3],[6],[7],[8] | 9.34% | [9],[10],[11],[12] | |
Par Amount | $ 9,512 | [6],[7],[8] | $ 9,512 | [9],[10],[11] | |
Cost | 9,379 | [1],[6],[7],[8] | 9,372 | [4],[9],[10],[11] | |
Fair Value | $ 9,332 | [6],[7],[8] | $ 9,308 | [9],[10],[11] | |
Percentage of Net Assets | 1.81% | [6],[7],[8] | 1.80% | [9],[10],[11] | |
Investment, Identifier [Axis]: FMG Suite Holdings, LLC 2 | |||||
Variable interest rate | 5.50% | [6],[7],[8] | 5.50% | [9],[10],[11] | |
Interest Rate | 10.23% | [3],[6],[7],[8] | 9.34% | [9],[10],[11],[12] | |
Par Amount | $ 2,233 | [6],[7],[8] | $ 2,239 | [9],[10],[11] | |
Cost | 2,204 | [1],[6],[7],[8] | 2,208 | [4],[9],[10],[11] | |
Fair Value | $ 2,191 | [6],[7],[8] | $ 2,191 | [9],[10],[11] | |
Percentage of Net Assets | 0.42% | [6],[7],[8] | 0.42% | [9],[10],[11] | |
Investment, Identifier [Axis]: FMG Suite Holdings, LLC 3 | |||||
Variable interest rate | 5.50% | [6],[7],[8],[13] | 5.50% | [9],[10],[11],[14] | |
Interest Rate | 10.23% | [3],[6],[7],[8],[13] | 9.34% | [9],[10],[11],[12],[14] | |
Par Amount | $ 236 | [6],[7],[8],[13] | $ 236 | [9],[10],[11],[14] | |
Cost | 222 | [1],[6],[7],[8],[13] | 221 | [4],[9],[10],[11],[14] | |
Fair Value | $ 215 | [6],[7],[8],[13] | $ 212 | [9],[10],[11],[14] | |
Percentage of Net Assets | 0.04% | [6],[7],[8],[13] | 0.04% | [9],[10],[11],[14] | |
Investment, Identifier [Axis]: FORTIS Solutions Group, LLC | |||||
Variable interest rate | [8],[17] | 12.25% | |||
Par Amount, Shares (in shares) | [8],[17] | 1,000,000 | |||
Cost | [1],[8],[17] | $ 1,073 | |||
Fair Value | [8],[17] | $ 1,060 | |||
Percentage of Net Assets | [8],[17] | 0.21% | |||
Investment, Identifier [Axis]: FORTIS Solutions Group, LLC | |||||
Interest Rate | [11],[18] | 12.25% | |||
Par Amount, Shares (in shares) | [11],[18] | 1,000,000 | |||
Cost | [4],[11],[18] | $ 1,041 | |||
Fair Value | [11],[18] | $ 1,024 | |||
Percentage of Net Assets | [11],[18] | 0.20% | |||
Investment, Identifier [Axis]: FPG Intermediate Holdco, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 2,500 | $ 2,500 | |||
Fair Value | $ (104) | $ (125) | |||
Investment, Identifier [Axis]: FPG Intermediate Holdco, LLC 1 | |||||
Variable interest rate | 6.50% | [7],[8] | 6.50% | [11] | |
Interest Rate | 11.41% | [3],[7],[8] | 10.92% | [11],[12] | |
Par Amount | $ 835 | [7],[8] | $ 837 | [11] | |
Cost | 820 | [1],[7],[8] | 822 | [4],[11] | |
Fair Value | $ 801 | [7],[8] | $ 796 | [11] | |
Percentage of Net Assets | 0.16% | [7],[8] | 0.15% | [11] | |
Investment, Identifier [Axis]: FPG Intermediate Holdco, LLC 2 | |||||
Variable interest rate | 6.50% | [7],[8],[13] | 6.50% | [11],[14] | |
Interest Rate | 11.41% | [3],[7],[8],[13] | 10.92% | [11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [11],[14] | |
Cost | (43) | [1],[7],[8],[13] | (46) | [4],[11],[14] | |
Fair Value | $ (104) | [7],[8],[13] | $ (124) | [11],[14] | |
Percentage of Net Assets | (0.02%) | [7],[8],[13] | (0.02%) | [11],[14] | |
Investment, Identifier [Axis]: Familia Intermediate Holdings I Corp. (Teasdale Latin Foods) | |||||
Interest Rate | 16.25% | [3],[8],[21] | 16.25% | [11],[12],[22] | |
Par Amount | $ 500 | [8],[21] | $ 500 | [11],[22] | |
Cost | 500 | [1],[8],[21] | 500 | [4],[11],[22] | |
Fair Value | $ 200 | [8],[21] | $ 124 | [11],[22] | |
Percentage of Net Assets | 0.04% | [8],[21] | 0.02% | [11],[22] | |
Investment, Identifier [Axis]: Fetch Insurance Services, LLC | |||||
Interest rate, PIK | 3.75% | [3],[8] | 3.75% | [11],[12] | |
Interest Rate | 12.75% | [3],[8] | 12.75% | [11],[12] | |
Par Amount | $ 414 | [8] | $ 411 | [11] | |
Cost | 403 | [1],[8] | 398 | [4],[11] | |
Fair Value | $ 403 | [8] | $ 398 | [11] | |
Percentage of Net Assets | 0.08% | [8] | 0.08% | [11] | |
Investment, Identifier [Axis]: Flexera Software, LLC | |||||
Variable interest rate | 7% | [6],[7],[8] | 7% | [9],[10],[11] | |
Interest Rate | 11.84% | [3],[6],[7],[8] | 11.39% | [9],[10],[11],[12] | |
Par Amount | $ 1,500 | [6],[7],[8] | $ 1,500 | [9],[10],[11] | |
Cost | 1,476 | [1],[6],[7],[8] | 1,475 | [4],[9],[10],[11] | |
Fair Value | $ 1,445 | [6],[7],[8] | $ 1,398 | [9],[10],[11] | |
Percentage of Net Assets | 0.28% | [6],[7],[8] | 0.27% | [9],[10],[11] | |
Investment, Identifier [Axis]: Fortis Solutions Group, LLC 1 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 10.34% | [3],[6],[8],[15] | 9.67% | [9],[11],[12],[16] | |
Par Amount | $ 8,210 | [6],[8],[15] | $ 8,222 | [9],[11],[16] | |
Cost | 8,073 | [1],[6],[8],[15] | 8,081 | [4],[9],[11],[16] | |
Fair Value | $ 8,023 | [6],[8],[15] | $ 7,955 | [9],[11],[16] | |
Percentage of Net Assets | 1.55% | [6],[8],[15] | 1.54% | [9],[11],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 994 | $ 1,000 | |||
Fair Value | $ (23) | $ (33) | |||
Investment, Identifier [Axis]: Fortis Solutions Group, LLC 2 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[14],[16] | |
Interest Rate | 10.63% | [3],[6],[8],[15] | 9.67% | [9],[11],[12],[14],[16] | |
Par Amount | $ 3,365 | [6],[8],[15] | $ 3,373 | [9],[11],[14],[16] | |
Cost | 3,308 | [1],[6],[8],[15] | 3,314 | [4],[9],[11],[14],[16] | |
Fair Value | $ 3,288 | [6],[8],[15] | $ 3,263 | [9],[11],[14],[16] | |
Percentage of Net Assets | 0.64% | [6],[8],[15] | 0.63% | [9],[11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 1,002 | $ 1,002 | |||
Fair Value | $ (23) | $ (33) | |||
Investment, Identifier [Axis]: Fortis Solutions Group, LLC 3 | |||||
Variable interest rate | 5.50% | [6],[8],[13],[15] | 5.50% | [11],[14],[16] | |
Interest Rate | 10.63% | [3],[6],[8],[13],[15] | 9.67% | [11],[12],[14],[16] | |
Par Amount | $ 6 | [6],[8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (1) | [1],[6],[8],[13],[15] | (7) | [4],[11],[14],[16] | |
Fair Value | $ (17) | [6],[8],[13],[15] | $ (33) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [6],[8],[13],[15] | (0.01%) | [11],[14],[16] | |
Investment, Identifier [Axis]: Fortis Solutions Group, LLC 4 | |||||
Variable interest rate | 5.50% | [8],[13],[15] | 5.50% | [11],[14],[16] | |
Interest Rate | 10.34% | [3],[8],[13],[15] | 9.67% | [11],[12],[14],[16] | |
Par Amount | $ 154 | [8],[13],[15] | $ 154 | [11],[14],[16] | |
Cost | 137 | [1],[8],[13],[15] | 135 | [4],[11],[14],[16] | |
Fair Value | $ 128 | [8],[13],[15] | $ 117 | [11],[14],[16] | |
Percentage of Net Assets | 0.02% | [8],[13],[15] | 0.02% | [11],[14],[16] | |
Investment, Identifier [Axis]: Foundation Risk Partners Corp. | |||||
Unused Fee Rate | 0.38% | 0.38% | |||
Unfunded commitments | $ 1,959 | $ 1,152 | |||
Fair Value | $ (158) | $ (20) | |||
Investment, Identifier [Axis]: Foundation Risk Partners Corp. 1 | |||||
Variable interest rate | 6% | [6],[8],[15] | 6% | [9],[11],[16] | |
Interest Rate | 11% | [3],[6],[8],[15] | 10.68% | [9],[11],[12],[16] | |
Par Amount | $ 18,368 | [6],[8],[15] | $ 18,414 | [9],[11],[16] | |
Cost | 18,137 | [1],[6],[8],[15] | 18,175 | [4],[9],[11],[16] | |
Fair Value | $ 16,889 | [6],[8],[15] | $ 18,094 | [9],[11],[16] | |
Percentage of Net Assets | 3.27% | [6],[8],[15] | 3.51% | [9],[11],[16] | |
Investment, Identifier [Axis]: Foundation Risk Partners Corp. 2 | |||||
Variable interest rate | 6% | [6],[8],[15] | 6% | [9],[11],[16] | |
Interest Rate | 11% | [3],[6],[8],[15] | 10.68% | [9],[11],[12],[16] | |
Par Amount | $ 3,995 | [6],[8],[15] | $ 4,005 | [9],[11],[16] | |
Cost | 3,947 | [1],[6],[8],[15] | 3,955 | [4],[9],[11],[16] | |
Fair Value | $ 3,673 | [6],[8],[15] | $ 3,935 | [9],[11],[16] | |
Percentage of Net Assets | 0.71% | [6],[8],[15] | 0.76% | [9],[11],[16] | |
Investment, Identifier [Axis]: Foundation Risk Partners Corp. 3 | |||||
Variable interest rate | 6% | [8],[13],[15] | 6% | [11],[14],[16] | |
Interest Rate | 11% | [3],[8],[13],[15] | 10.68% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 807 | [11],[14],[16] | |
Cost | (22) | [1],[8],[13],[15] | 783 | [4],[11],[14],[16] | |
Fair Value | $ (158) | [8],[13],[15] | $ 773 | [11],[14],[16] | |
Percentage of Net Assets | (0.03%) | [8],[13],[15] | 0.15% | [11],[14],[16] | |
Investment, Identifier [Axis]: Frisbee Holdings, LP (Fetch) | |||||
Par Amount, Shares (in shares) | 4,745 | [8],[17] | 4,745 | [11],[18] | |
Cost | $ 60 | [1],[8],[17] | $ 60 | [4],[11],[18] | |
Fair Value | $ 60 | [8],[17] | $ 60 | [11],[18] | |
Percentage of Net Assets | 0.01% | [8],[17] | 0.01% | [11],[18] | |
Investment, Identifier [Axis]: GS AcquisitionCo, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 907 | $ 907 | |||
Fair Value | $ (15) | $ (22) | |||
Investment, Identifier [Axis]: GS AcquisitionCo, Inc. 1 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.75% | [9],[10],[11] | |
Interest Rate | 10.80% | [3],[6],[7],[8] | 9.92% | [9],[10],[11],[12] | |
Par Amount | $ 28,228 | [6],[7],[8] | $ 28,301 | [9],[10],[11] | |
Cost | 28,063 | [1],[6],[7],[8] | 28,125 | [4],[9],[10],[11] | |
Fair Value | $ 27,757 | [6],[7],[8] | $ 27,628 | [9],[10],[11] | |
Percentage of Net Assets | 5.38% | [6],[7],[8] | 5.35% | [9],[10],[11] | |
Investment, Identifier [Axis]: GS AcquisitionCo, Inc. 2 | |||||
Variable interest rate | 5.75% | [7],[8] | 5.75% | [10],[11] | |
Interest Rate | 10.80% | [3],[7],[8] | 9.92% | [10],[11],[12] | |
Par Amount | $ 336 | [7],[8] | $ 337 | [10],[11] | |
Cost | 334 | [1],[7],[8] | 335 | [4],[10],[11] | |
Fair Value | $ 330 | [7],[8] | $ 329 | [10],[11] | |
Percentage of Net Assets | 0.06% | [7],[8] | 0.06% | [10],[11] | |
Investment, Identifier [Axis]: GS AcquisitionCo, Inc. 3 | |||||
Variable interest rate | 5.75% | [7],[8],[13] | 5.75% | [10],[11],[14] | |
Interest Rate | 10.80% | [3],[7],[8],[13] | 9.92% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | (7) | [1],[7],[8],[13] | (7) | [4],[10],[11],[14] | |
Fair Value | $ (15) | [7],[8],[13] | $ (21) | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0% | [10],[11],[14] | |
Investment, Identifier [Axis]: GSM Acquisition Corp. (GSM Outdoors) | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 1,633 | $ 1,633 | |||
Fair Value | $ (108) | $ (24) | |||
Investment, Identifier [Axis]: GSM Acquisition Corp. (GSM Outdoors) 1 | |||||
Variable interest rate | 5% | [6],[7],[8] | 5% | [9],[10],[11] | |
Interest Rate | 10.16% | [3],[6],[7],[8] | 9.84% | [9],[10],[11],[12] | |
Par Amount | $ 19,633 | [6],[7],[8] | $ 19,683 | [9],[10],[11] | |
Cost | 19,478 | [1],[6],[7],[8] | 19,518 | [4],[9],[10],[11] | |
Fair Value | $ 18,331 | [6],[7],[8] | $ 19,398 | [9],[10],[11] | |
Percentage of Net Assets | 3.55% | [6],[7],[8] | 3.76% | [9],[10],[11] | |
Investment, Identifier [Axis]: GSM Acquisition Corp. (GSM Outdoors) 2 | |||||
Variable interest rate | 5% | [6],[7],[8] | 5% | [9],[10],[11] | |
Interest Rate | 10.16% | [3],[6],[7],[8] | 9.84% | [9],[10],[11],[12] | |
Par Amount | $ 1,676 | [6],[7],[8] | $ 1,680 | [9],[10],[11] | |
Cost | 1,660 | [1],[6],[7],[8] | 1,664 | [4],[9],[10],[11] | |
Fair Value | $ 1,565 | [6],[7],[8] | $ 1,656 | [9],[10],[11] | |
Percentage of Net Assets | 0.30% | [6],[7],[8] | 0.32% | [9],[10],[11] | |
Investment, Identifier [Axis]: GSM Acquisition Corp. (GSM Outdoors) 3 | |||||
Variable interest rate | 5% | [7],[8],[13] | 5% | [10],[11],[14] | |
Interest Rate | 10.16% | [3],[7],[8],[13] | 9.84% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | (14) | [1],[7],[8],[13] | (14) | [4],[10],[11],[14] | |
Fair Value | $ (108) | [7],[8],[13] | $ (24) | [10],[11],[14] | |
Percentage of Net Assets | (0.02%) | [7],[8],[13] | 0% | [10],[11],[14] | |
Investment, Identifier [Axis]: GSM Equity Investors, LP (GSM Outdoors) | |||||
Par Amount, Shares (in shares) | 500 | [8],[17] | 500 | [11],[18] | |
Cost | $ 50 | [1],[8],[17] | $ 50 | [4],[11],[18] | |
Fair Value | $ 61 | [8],[17] | $ 102 | [11],[18] | |
Percentage of Net Assets | 0.01% | [8],[17] | 0.02% | [11],[18] | |
Investment, Identifier [Axis]: Galway Borrower, LLC 1 | |||||
Variable interest rate | 5.25% | [6],[8],[15] | 5.25% | [9],[11],[16] | |
Interest Rate | 10.24% | [3],[6],[8],[15] | 9.98% | [9],[11],[12],[16] | |
Par Amount | $ 12,089 | [6],[8],[15] | $ 12,119 | [9],[11],[16] | |
Cost | 11,896 | [1],[6],[8],[15] | 11,920 | [4],[9],[11],[16] | |
Fair Value | $ 11,678 | [6],[8],[15] | $ 11,597 | [9],[11],[16] | |
Percentage of Net Assets | 2.26% | [6],[8],[15] | 2.25% | [9],[11],[16] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 418 | $ 418 | |||
Fair Value | $ (14) | $ (18) | |||
Investment, Identifier [Axis]: Galway Borrower, LLC 2 | |||||
Variable interest rate | 5.25% | [8],[13],[15] | 5.25% | [11],[14],[16] | |
Interest Rate | 10.24% | [3],[8],[13],[15] | 9.98% | [11],[12],[14],[16] | |
Par Amount | $ 1,428 | [8],[13],[15] | $ 1,428 | [11],[14],[16] | |
Cost | 1,391 | [1],[8],[13],[15] | 1,390 | [4],[11],[14],[16] | |
Fair Value | $ 1,365 | [8],[13],[15] | $ 1,348 | [11],[14],[16] | |
Percentage of Net Assets | 0.26% | [8],[13],[15] | 0.26% | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 400 | $ 589 | |||
Fair Value | $ (14) | $ (25) | |||
Investment, Identifier [Axis]: Galway Borrower, LLC 3 | |||||
Variable interest rate | 5.25% | [8],[13],[15] | 5.25% | [11],[14],[16] | |
Interest Rate | 10.41% | [3],[8],[13],[15] | 9.98% | [11],[12],[14],[16] | |
Par Amount | $ 479 | [8],[13],[15] | $ 290 | [11],[14],[16] | |
Cost | 466 | [1],[8],[13],[15] | 276 | [4],[11],[14],[16] | |
Fair Value | $ 450 | [8],[13],[15] | $ 252 | [11],[14],[16] | |
Percentage of Net Assets | 0.09% | [8],[13],[15] | 0.05% | [11],[14],[16] | |
Investment, Identifier [Axis]: Gateway US Holdings, Inc. 1 | |||||
Variable interest rate | 6.50% | [6],[8],[15],[20] | 6.50% | [9],[11],[16],[19] | |
Interest Rate | 11.55% | [3],[6],[8],[15],[20] | 11.23% | [9],[11],[12],[16],[19] | |
Par Amount | $ 752 | [6],[8],[15],[20] | $ 750 | [9],[11],[16],[19] | |
Cost | 746 | [1],[6],[8],[15],[20] | 744 | [4],[9],[11],[16],[19] | |
Fair Value | $ 742 | [6],[8],[15],[20] | $ 736 | [9],[11],[16],[19] | |
Percentage of Net Assets | 0.14% | [6],[8],[15],[20] | 0.14% | [9],[11],[16],[19] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 6 | $ 6 | |||
Fair Value | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: Gateway US Holdings, Inc. 2 | |||||
Variable interest rate | 6.50% | [8],[13],[15],[20] | 6.50% | [11],[14],[16],[19] | |
Interest Rate | 11.55% | [3],[8],[13],[15],[20] | 11.23% | [11],[12],[14],[16],[19] | |
Par Amount | $ 206 | [8],[13],[15],[20] | $ 206 | [11],[14],[16],[19] | |
Cost | 204 | [1],[8],[13],[15],[20] | 204 | [4],[11],[14],[16],[19] | |
Fair Value | $ 203 | [8],[13],[15],[20] | $ 202 | [11],[14],[16],[19] | |
Percentage of Net Assets | 0.04% | [8],[13],[15],[20] | 0.04% | [11],[14],[16],[19] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 14 | $ 14 | |||
Fair Value | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: Gateway US Holdings, Inc. 3 | |||||
Variable interest rate | 6.50% | [8],[13],[15],[20] | 6.50% | [11],[14],[16],[19] | |
Interest Rate | 11.55% | [3],[8],[13],[15],[20] | 11.23% | [11],[12],[14],[16],[19] | |
Par Amount | $ 17 | [8],[13],[15],[20] | $ 17 | [11],[14],[16],[19] | |
Cost | 16 | [1],[8],[13],[15],[20] | 16 | [4],[11],[14],[16],[19] | |
Fair Value | $ 16 | [8],[13],[15],[20] | $ 16 | [11],[14],[16],[19] | |
Percentage of Net Assets | 0% | [8],[13],[15],[20] | 0% | [11],[14],[16],[19] | |
Investment, Identifier [Axis]: Govbrands Intermediate, Inc. 1 | |||||
Variable interest rate | [9],[11],[16] | 5.50% | |||
Interest Rate | [9],[11],[12],[16] | 10.23% | |||
Par Amount | [9],[11],[16] | $ 17,040 | |||
Cost | [4],[9],[11],[16] | 16,698 | |||
Fair Value | [9],[11],[16] | $ 16,261 | |||
Percentage of Net Assets | [9],[11],[16] | 3.15% | |||
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 1,794 | ||||
Fair Value | $ (82) | ||||
Investment, Identifier [Axis]: Govbrands Intermediate, Inc. 2 | |||||
Variable interest rate | [9],[11],[14],[16] | 5.50% | |||
Interest Rate | [9],[11],[12],[14],[16] | 10.23% | |||
Par Amount | [9],[11],[14],[16] | $ 3,844 | |||
Cost | [4],[9],[11],[14],[16] | 3,750 | |||
Fair Value | [9],[11],[14],[16] | $ 3,586 | |||
Percentage of Net Assets | [9],[11],[14],[16] | 0.69% | |||
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 182 | ||||
Fair Value | $ (8) | ||||
Investment, Identifier [Axis]: Govbrands Intermediate, Inc. 3 | |||||
Variable interest rate | [11],[14],[16] | 5.50% | |||
Interest Rate | [11],[12],[14],[16] | 10.23% | |||
Par Amount | [11],[14],[16] | $ 1,634 | |||
Cost | [4],[11],[14],[16] | 1,600 | |||
Fair Value | [11],[14],[16] | $ 1,551 | |||
Percentage of Net Assets | [11],[14],[16] | 0.30% | |||
Investment, Identifier [Axis]: GraphPad Software, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 750 | $ 750 | |||
Fair Value | $ (18) | $ (25) | |||
Investment, Identifier [Axis]: GraphPad Software, LLC 1 | |||||
Variable interest rate | 5.50% | [6],[7],[8] | 5.50% | [9],[10],[11] | |
Interest Rate | 10.48% | [3],[6],[7],[8] | 10.39% | [9],[10],[11],[12] | |
Par Amount | $ 6,394 | [6],[7],[8] | $ 6,410 | [9],[10],[11] | |
Cost | 6,347 | [1],[6],[7],[8] | 6,361 | [4],[9],[10],[11] | |
Fair Value | $ 6,237 | [6],[7],[8] | $ 6,199 | [9],[10],[11] | |
Percentage of Net Assets | 1.21% | [6],[7],[8] | 1.20% | [9],[10],[11] | |
Investment, Identifier [Axis]: GraphPad Software, LLC 2 | |||||
Variable interest rate | 5.50% | [7],[8],[13] | 5.50% | [10],[11],[14] | |
Interest Rate | 10.48% | [3],[7],[8],[13] | 10.39% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | (5) | [1],[7],[8],[13] | (5) | [4],[10],[11],[14] | |
Fair Value | $ (18) | [7],[8],[13] | $ (25) | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0% | [10],[11],[14] | |
Investment, Identifier [Axis]: Ground Penetrating Radar Systems, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 394 | $ 506 | |||
Fair Value | $ (8) | $ (13) | |||
Investment, Identifier [Axis]: Ground Penetrating Radar Systems, LLC 1 | |||||
Variable interest rate | 4.75% | [6],[7],[8] | 4.75% | [10],[11] | |
Interest Rate | 10.01% | [3],[6],[7],[8] | 9.39% | [10],[11],[12] | |
Par Amount | $ 4,405 | [6],[7],[8] | $ 4,417 | [10],[11] | |
Cost | 4,349 | [1],[6],[7],[8] | 4,357 | [4],[10],[11] | |
Fair Value | $ 4,314 | [6],[7],[8] | $ 4,305 | [10],[11] | |
Percentage of Net Assets | 0.84% | [6],[7],[8] | 0.83% | [10],[11] | |
Investment, Identifier [Axis]: Ground Penetrating Radar Systems, LLC 2 | |||||
Variable interest rate | 4.75% | [7],[8],[13] | 4.75% | [10],[11],[14] | |
Interest Rate | 10.01% | [3],[7],[8],[13] | 9.39% | [10],[11],[12],[14] | |
Par Amount | $ 309 | [7],[8],[13] | $ 197 | [10],[11],[14] | |
Cost | 302 | [1],[7],[8],[13] | 189 | [4],[10],[11],[14] | |
Fair Value | $ 295 | [7],[8],[13] | $ 179 | [10],[11],[14] | |
Percentage of Net Assets | 0.06% | [7],[8],[13] | 0.03% | [10],[11],[14] | |
Investment, Identifier [Axis]: Groundworks, LLC 1 | |||||
Variable interest rate | [6],[7],[8] | 6.50% | |||
Interest Rate | [3],[6],[7],[8] | 11.36% | |||
Par Amount | [6],[7],[8] | $ 148 | |||
Cost | [1],[6],[7],[8] | 144 | |||
Fair Value | [6],[7],[8] | $ 144 | |||
Percentage of Net Assets | [6],[7],[8] | 0.03% | |||
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 27 | ||||
Fair Value | $ 0 | ||||
Investment, Identifier [Axis]: Groundworks, LLC 2 | |||||
Variable interest rate | [7],[8],[13] | 6.50% | |||
Interest Rate | [3],[7],[8],[13] | 11.36% | |||
Par Amount | [7],[8],[13] | $ 0 | |||
Cost | [1],[7],[8],[13] | 0 | |||
Fair Value | [7],[8],[13] | $ 0 | |||
Percentage of Net Assets | [7],[8],[13] | 0% | |||
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 9 | ||||
Fair Value | $ 0 | ||||
Investment, Identifier [Axis]: Groundworks, LLC 3 | |||||
Variable interest rate | [7],[8],[13] | 6.50% | |||
Interest Rate | [3],[7],[8],[13] | 11.36% | |||
Par Amount | [7],[8],[13] | $ 0 | |||
Cost | [1],[7],[8],[13] | 0 | |||
Fair Value | [7],[8],[13] | $ 0 | |||
Percentage of Net Assets | [7],[8],[13] | 0% | |||
Investment, Identifier [Axis]: Gurobi Optimization, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 536 | $ 536 | |||
Fair Value | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: Gurobi Optimization, LLC 1 | |||||
Variable interest rate | 5% | [6],[7],[8] | 5% | [9],[10],[11] | |
Interest Rate | 9.84% | [3],[6],[7],[8] | 9.38% | [9],[10],[11],[12] | |
Par Amount | $ 4,353 | [6],[7],[8] | $ 4,364 | [9],[10],[11] | |
Cost | 4,342 | [1],[6],[7],[8] | 4,349 | [4],[9],[10],[11] | |
Fair Value | $ 4,353 | [6],[7],[8] | $ 4,364 | [9],[10],[11] | |
Percentage of Net Assets | 0.84% | [6],[7],[8] | 0.85% | [9],[10],[11] | |
Investment, Identifier [Axis]: Gurobi Optimization, LLC 2 | |||||
Variable interest rate | 5% | [7],[8],[13] | 5% | [10],[11],[14] | |
Interest Rate | 9.84% | [3],[7],[8],[13] | 9.38% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | (1) | [1],[7],[8],[13] | (2) | [4],[10],[11],[14] | |
Fair Value | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Percentage of Net Assets | [7],[8],[13] | [10],[11],[14] | |||
Investment, Identifier [Axis]: Heartland Home Services | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.59% | [3],[8],[13],[15] | 10.10% | [11],[12],[14],[16] | |
Par Amount | $ 1,960 | [8],[13],[15] | $ 1,877 | [11],[14],[16] | |
Cost | 1,943 | [1],[8],[13],[15] | 1,860 | [4],[11],[14],[16] | |
Fair Value | $ 1,905 | [8],[13],[15] | $ 1,802 | [11],[14],[16] | |
Percentage of Net Assets | 0.37% | [8],[13],[15] | 0.35% | [11],[14],[16] | |
Unused Fee Rate | 0.75% | 0.75% | |||
Unfunded commitments | $ 524 | $ 612 | |||
Fair Value | $ (12) | $ (18) | |||
Investment, Identifier [Axis]: Heartland Veterinary Partners, LLC 1 | |||||
Variable interest rate | 4.75% | [6],[8] | 4.75% | [9],[10],[11] | |
Interest Rate | 9.56% | [3],[6],[8] | 9.56% | [9],[10],[11],[12] | |
Par Amount | $ 3,865 | [6],[8] | $ 3,875 | [9],[10],[11] | |
Cost | 3,836 | [1],[6],[8] | 3,844 | [4],[9],[10],[11] | |
Fair Value | $ 3,803 | [6],[8] | $ 3,763 | [9],[10],[11] | |
Percentage of Net Assets | 0.74% | [6],[8] | 0.73% | [9],[10],[11] | |
Unused Fee Rate | 0.75% | 1% | |||
Unfunded commitments | $ 338 | $ 2,606 | |||
Fair Value | $ (5) | $ (76) | |||
Investment, Identifier [Axis]: Heartland Veterinary Partners, LLC 2 | |||||
Variable interest rate | 4.75% | [6],[8],[13] | 4.75% | [9],[10],[11],[14] | |
Interest Rate | 9.64% | [3],[6],[8],[13] | 9.56% | [9],[10],[11],[12],[14] | |
Par Amount | $ 8,434 | [6],[8],[13] | $ 6,167 | [9],[10],[11],[14] | |
Cost | 8,369 | [1],[6],[8],[13] | 6,098 | [4],[9],[10],[11],[14] | |
Fair Value | $ 8,292 | [6],[8],[13] | $ 5,912 | [9],[10],[11],[14] | |
Percentage of Net Assets | 1.61% | [6],[8],[13] | 1.15% | [9],[10],[11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 779 | $ 779 | |||
Fair Value | $ (13) | $ (23) | |||
Investment, Identifier [Axis]: Heartland Veterinary Partners, LLC 3 | |||||
Variable interest rate | 4.75% | [8],[13] | 4.75% | [10],[11],[14] | |
Interest Rate | 9.64% | [3],[8],[13] | 9.56% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [8],[13] | $ 0 | [10],[11],[14] | |
Cost | (6) | [1],[8],[13] | (6) | [4],[10],[11],[14] | |
Fair Value | $ (13) | [8],[13] | $ (22) | [10],[11],[14] | |
Percentage of Net Assets | 0% | [8],[13] | 0% | [10],[11],[14] | |
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 8 | ||||
Fair Value | $ (1) | ||||
Investment, Identifier [Axis]: Heartland Veterinary Partners, LLC 4 | |||||
Variable interest rate | 8% | [6],[7],[8] | 8% | [9],[10],[11] | |
Interest Rate | 12.81% | [3],[6],[7],[8] | 12.81% | [9],[10],[11],[12] | |
Par Amount | $ 360 | [6],[7],[8] | $ 360 | [9],[10],[11] | |
Cost | 354 | [1],[6],[7],[8] | 354 | [4],[9],[10],[11] | |
Fair Value | $ 341 | [6],[7],[8] | $ 330 | [9],[10],[11] | |
Percentage of Net Assets | 0.07% | [6],[7],[8] | 0.06% | [9],[10],[11] | |
Investment, Identifier [Axis]: Heartland Veterinary Partners, LLC 5 | |||||
Variable interest rate | 8% | [7],[8],[13] | 8% | [10],[11],[14] | |
Interest Rate | 12.84% | [3],[7],[8],[13] | 12.81% | [10],[11],[12],[14] | |
Par Amount | $ 132 | [7],[8],[13] | $ 132 | [10],[11],[14] | |
Cost | 130 | [1],[7],[8],[13] | 129 | [4],[10],[11],[14] | |
Fair Value | $ 124 | [7],[8],[13] | $ 120 | [10],[11],[14] | |
Percentage of Net Assets | 0.02% | [7],[8],[13] | 0.02% | [10],[11],[14] | |
Unused Fee Rate | 0.50% | ||||
Investment, Identifier [Axis]: Heartland Veterinary Partners, LLC 8 | |||||
Unfunded commitments | $ 8 | ||||
Fair Value | $ 0 | ||||
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc. | |||||
Variable interest rate | 5.25% | [6],[8],[15] | 5.25% | [9],[11],[16] | |
Interest Rate | 10.09% | [3],[6],[8],[15] | 9.63% | [9],[11],[12],[16] | |
Par Amount | $ 6,145 | [6],[8],[15] | $ 6,161 | [9],[11],[16] | |
Cost | 6,083 | [1],[6],[8],[15] | 6,096 | [4],[9],[11],[16] | |
Fair Value | $ 6,028 | [6],[8],[15] | $ 5,996 | [9],[11],[16] | |
Percentage of Net Assets | 1.17% | [6],[8],[15] | 1.16% | [9],[11],[16] | |
Investment, Identifier [Axis]: High Street Buyer, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 915 | $ 915 | |||
Fair Value | $ (18) | $ (27) | |||
Investment, Identifier [Axis]: High Street Buyer, Inc. 1 | |||||
Variable interest rate | 6% | [6],[8],[15] | 6% | [9],[11],[16] | |
Interest Rate | 11.05% | [3],[6],[8],[15] | 10.73% | [9],[11],[12],[16] | |
Par Amount | $ 4,271 | [6],[8],[15] | $ 4,282 | [9],[11],[16] | |
Cost | 4,205 | [1],[6],[8],[15] | 4,214 | [4],[9],[11],[16] | |
Fair Value | $ 4,187 | [6],[8],[15] | $ 4,158 | [9],[11],[16] | |
Percentage of Net Assets | 0.81% | [6],[8],[15] | 0.81% | [9],[11],[16] | |
Investment, Identifier [Axis]: High Street Buyer, Inc. 2 | |||||
Variable interest rate | 6% | [6],[8],[15] | 6% | [9],[11],[16] | |
Interest Rate | 11.05% | [3],[6],[8],[15] | 10.73% | [9],[11],[12],[16] | |
Par Amount | $ 17,153 | [6],[8],[15] | $ 17,196 | [9],[11],[16] | |
Cost | 16,883 | [1],[6],[8],[15] | 16,914 | [4],[9],[11],[16] | |
Fair Value | $ 16,813 | [6],[8],[15] | $ 16,698 | [9],[11],[16] | |
Percentage of Net Assets | 3.26% | [6],[8],[15] | 3.23% | [9],[11],[16] | |
Investment, Identifier [Axis]: High Street Buyer, Inc. 3 | |||||
Variable interest rate | 6% | [8],[13],[15] | 6% | [11],[14],[16] | |
Interest Rate | 11.05% | [3],[8],[13],[15] | 10.73% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (12) | [1],[8],[13],[15] | (13) | [4],[11],[14],[16] | |
Fair Value | $ (18) | [8],[13],[15] | $ (26) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13],[15] | (0.01%) | [11],[14],[16] | |
Investment, Identifier [Axis]: Idera, Inc. | |||||
Variable interest rate | 6.75% | [6],[8],[15] | 6.75% | [9],[11],[16] | |
Interest Rate | 11.51% | [3],[6],[8],[15] | 10.50% | [9],[11],[12],[16] | |
Par Amount | $ 530 | [6],[8],[15] | $ 530 | [9],[11],[16] | |
Cost | 527 | [1],[6],[8],[15] | 527 | [4],[9],[11],[16] | |
Fair Value | $ 514 | [6],[8],[15] | $ 497 | [9],[11],[16] | |
Percentage of Net Assets | 0.10% | [6],[8],[15] | 0.10% | [9],[11],[16] | |
Investment, Identifier [Axis]: Infinite Bidco, LLC | |||||
Variable interest rate | [8],[23] | 6.25% | |||
Interest Rate | [3],[8],[23] | 10.91% | |||
Par Amount | [8],[23] | $ 4,729 | |||
Cost | [1],[8],[23] | 4,591 | |||
Fair Value | [8],[23] | $ 4,591 | |||
Percentage of Net Assets | [8],[23] | 0.89% | |||
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 1,500 | ||||
Fair Value | $ (47) | ||||
Investment, Identifier [Axis]: Infinite Bidco, LLC 1 | |||||
Variable interest rate | 7% | [6],[8],[23] | 7% | [9],[11],[24] | |
Interest Rate | 12.16% | [3],[6],[8],[23] | 11.73% | [9],[11],[12],[24] | |
Par Amount | $ 3,000 | [6],[8],[23] | $ 3,000 | [9],[11],[24] | |
Cost | 2,989 | [1],[6],[8],[23] | 2,989 | [4],[9],[11],[24] | |
Fair Value | $ 2,909 | [6],[8],[23] | $ 2,905 | [9],[11],[24] | |
Percentage of Net Assets | 0.56% | [6],[8],[23] | 0.56% | [9],[11],[24] | |
Investment, Identifier [Axis]: Infinite Bidco, LLC 2 | |||||
Variable interest rate | 7% | [8] | 7% | [11],[24] | |
Interest Rate | 11.83% | [3],[8] | 11.73% | [11],[12],[24] | |
Par Amount | $ 1,500 | [8] | $ 0 | [11],[24] | |
Cost | 1,500 | [1],[8] | 0 | [4],[11],[24] | |
Fair Value | $ 1,455 | [8] | $ (47) | [11],[24] | |
Percentage of Net Assets | 0.28% | [8] | (0.01%) | [11],[24] | |
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC | |||||
Variable interest rate | [8],[17] | 10.50% | |||
Interest Rate | [11],[18] | 10.50% | |||
Par Amount, Shares (in shares) | 750,000 | [8],[17] | 750,000 | [11],[18] | |
Cost | $ 842 | [1],[8],[17] | $ 820 | [4],[11],[18] | |
Fair Value | $ 840 | [8],[17] | $ 730 | [11],[18] | |
Percentage of Net Assets | 0.16% | [8],[17] | 0.14% | [11],[18] | |
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC 1 | |||||
Variable interest rate | 6.05% | [6],[7],[8] | 6.05% | [9],[11],[16] | |
Interest Rate | 11% | [3],[6],[7],[8] | 10.81% | [9],[11],[12],[16] | |
Par Amount | $ 24,536 | [6],[7],[8] | $ 24,599 | [9],[11],[16] | |
Cost | 24,329 | [1],[6],[7],[8] | 24,373 | [4],[9],[11],[16] | |
Fair Value | $ 23,940 | [6],[7],[8] | $ 23,900 | [9],[11],[16] | |
Percentage of Net Assets | 4.64% | [6],[7],[8] | 4.63% | [9],[11],[16] | |
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC 2 | |||||
Variable interest rate | 6.05% | [6],[8],[15] | 6.05% | [9],[11],[16] | |
Interest Rate | 11% | [3],[6],[8],[15] | 10.81% | [9],[11],[12],[16] | |
Par Amount | $ 7,391 | [6],[8],[15] | $ 7,410 | [9],[11],[16] | |
Cost | 7,330 | [1],[6],[8],[15] | 7,342 | [4],[9],[11],[16] | |
Fair Value | $ 7,212 | [6],[8],[15] | $ 7,200 | [9],[11],[16] | |
Percentage of Net Assets | 1.40% | [6],[8],[15] | 1.39% | [9],[11],[16] | |
Investment, Identifier [Axis]: Intelerad Medical Systems Incorporated | |||||
Variable interest rate | 6.50% | [8],[20] | 6.50% | [10],[11],[19] | |
Interest Rate | 11.41% | [3],[8],[20] | 11.23% | [10],[11],[12],[19] | |
Par Amount | $ 935 | [8],[20] | $ 938 | [10],[11],[19] | |
Cost | 911 | [1],[8],[20] | 911 | [4],[10],[11],[19] | |
Fair Value | $ 895 | [8],[20] | $ 917 | [10],[11],[19] | |
Percentage of Net Assets | 0.17% | [8],[20] | 0.18% | [10],[11],[19] | |
Investment, Identifier [Axis]: Investment One | |||||
Interest rate floor | 1% | 1% | |||
Investment, Identifier [Axis]: Investment Three | |||||
Interest rate floor | 0.50% | 0.50% | |||
Investment, Identifier [Axis]: Investment Two | |||||
Interest rate floor | 0.75% | 0.75% | |||
Investment, Identifier [Axis]: Jonathan Acquisition Company | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 137 | $ 618 | |||
Fair Value | $ (3) | $ (16) | |||
Investment, Identifier [Axis]: Jonathan Acquisition Company 1 | |||||
Variable interest rate | 5% | [6],[7],[8] | 5% | [9],[10],[11] | |
Interest Rate | 10.16% | [3],[6],[7],[8] | 9.73% | [9],[10],[11],[12] | |
Par Amount | $ 12,079 | [6],[7],[8] | $ 12,110 | [9],[10],[11] | |
Cost | 11,877 | [1],[6],[7],[8] | 11,896 | [4],[9],[10],[11] | |
Fair Value | $ 11,772 | [6],[7],[8] | $ 11,796 | [9],[10],[11] | |
Percentage of Net Assets | 2.28% | [6],[7],[8] | 2.29% | [9],[10],[11] | |
Investment, Identifier [Axis]: Jonathan Acquisition Company 2 | |||||
Variable interest rate | 5% | [8],[13] | 5% | [10],[11],[14] | |
Interest Rate | 10.16% | [3],[8],[13] | 9.73% | [10],[11],[12],[14] | |
Par Amount | $ 1,785 | [8],[13] | $ 1,304 | [10],[11],[14] | |
Cost | 1,759 | [1],[8],[13] | 1,276 | [4],[10],[11],[14] | |
Fair Value | $ 1,736 | [8],[13] | $ 1,254 | [10],[11],[14] | |
Percentage of Net Assets | 0.34% | [8],[13] | 0.24% | [10],[11],[14] | |
Investment, Identifier [Axis]: KPSKY Acquisition, Inc. | |||||
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 1,373 | $ 1,575 | |||
Fair Value | $ (56) | $ (71) | |||
Investment, Identifier [Axis]: KPSKY Acquisition, Inc. 1 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 10.41% | [3],[6],[8],[15] | 9.89% | [9],[11],[12],[16] | |
Par Amount | $ 14,625 | [6],[8],[15] | $ 14,662 | [9],[11],[16] | |
Cost | 14,381 | [1],[6],[8],[15] | 14,409 | [4],[9],[11],[16] | |
Fair Value | $ 14,024 | [6],[8],[15] | $ 14,000 | [9],[11],[16] | |
Percentage of Net Assets | 2.72% | [6],[8],[15] | 2.71% | [9],[11],[16] | |
Investment, Identifier [Axis]: KPSKY Acquisition, Inc. 2 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 4.50% | [9],[11],[14],[16] | |
Interest Rate | 10.41% | [3],[6],[8],[15] | 12% | [9],[11],[12],[14],[16] | |
Par Amount | $ 1,684 | [6],[8],[15] | $ 1,912 | [9],[11],[14],[16] | |
Cost | 1,655 | [1],[6],[8],[15] | 1,862 | [4],[9],[11],[14],[16] | |
Fair Value | $ 1,615 | [6],[8],[15] | $ 1,753 | [9],[11],[14],[16] | |
Percentage of Net Assets | 0.31% | [6],[8],[15] | 0.34% | [9],[11],[14],[16] | |
Investment, Identifier [Axis]: KPSKY Acquisition, Inc. 3 | |||||
Variable interest rate | [8],[13],[15] | 5.50% | |||
Interest Rate | [3],[8],[13],[15] | 10.41% | |||
Par Amount | [8],[13],[15] | $ 425 | |||
Cost | [1],[8],[13],[15] | 406 | |||
Fair Value | [8],[13],[15] | $ 351 | |||
Percentage of Net Assets | [8],[13],[15] | 0.07% | |||
Investment, Identifier [Axis]: KWOR Acquisition, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 67 | $ 122 | |||
Fair Value | $ (3) | $ (6) | |||
Investment, Identifier [Axis]: KWOR Acquisition, Inc. 1 | |||||
Variable interest rate | 5.25% | [6],[8],[15] | 5.25% | [9],[11],[16] | |
Interest Rate | 10.09% | [3],[6],[8],[15] | 9.63% | [9],[11],[12],[16] | |
Par Amount | $ 871 | [6],[8],[15] | $ 876 | [9],[11],[16] | |
Cost | 860 | [1],[6],[8],[15] | 864 | [4],[9],[11],[16] | |
Fair Value | $ 835 | [6],[8],[15] | $ 830 | [9],[11],[16] | |
Percentage of Net Assets | 0.16% | [6],[8],[15] | 0.16% | [9],[11],[16] | |
Investment, Identifier [Axis]: KWOR Acquisition, Inc. 2 | |||||
Variable interest rate | 4.25% | [8],[13],[15] | 4.25% | [11],[14],[16] | |
Interest Rate | 12.25% | [3],[8],[13],[15] | 11.75% | [11],[12],[14],[16] | |
Par Amount | $ 55 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | 54 | [1],[8],[13],[15] | (1) | [4],[11],[14],[16] | |
Fair Value | $ 50 | [8],[13],[15] | $ (6) | [11],[14],[16] | |
Percentage of Net Assets | 0.01% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: Keystone Agency Investors 1 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 6.25% | [9],[10],[11] | |
Interest Rate | 10.80% | [3],[6],[7],[8] | 10.98% | [9],[10],[11],[12] | |
Par Amount | $ 2,634 | [6],[7],[8] | $ 2,641 | [9],[10],[11] | |
Cost | 2,601 | [1],[6],[7],[8] | 2,606 | [4],[9],[10],[11] | |
Fair Value | $ 2,590 | [6],[7],[8] | $ 2,606 | [9],[10],[11] | |
Percentage of Net Assets | 0.50% | [6],[7],[8] | 0.50% | [9],[10],[11] | |
Investment, Identifier [Axis]: Keystone Agency Investors 2 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 6.25% | [9],[10],[11] | |
Interest Rate | 10.80% | [3],[6],[7],[8] | 10.98% | [9],[10],[11],[12] | |
Par Amount | $ 3,192 | [6],[7],[8] | $ 3,200 | [9],[10],[11] | |
Cost | 3,153 | [1],[6],[7],[8] | 3,158 | [4],[9],[10],[11] | |
Fair Value | $ 3,139 | [6],[7],[8] | $ 3,158 | [9],[10],[11] | |
Percentage of Net Assets | 0.61% | [6],[7],[8] | 0.61% | [9],[10],[11] | |
Investment, Identifier [Axis]: LUV Car Wash | |||||
Par Amount, Shares (in shares) | 116 | [8],[17] | 116 | [11],[18] | |
Cost | $ 116 | [1],[8],[17] | $ 116 | [4],[11],[18] | |
Fair Value | $ 116 | [8],[17] | $ 116 | [11],[18] | |
Percentage of Net Assets | 0.02% | [8],[17] | 0.02% | [11],[18] | |
Investment, Identifier [Axis]: LUV Car Wash Group, LLC | |||||
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 274 | $ 257 | |||
Fair Value | $ (4) | $ (5) | |||
Investment, Identifier [Axis]: LUV Car Wash Group, LLC 1 | |||||
Variable interest rate | 7% | [6],[7],[8],[13] | 5.50% | [11],[14] | |
Interest Rate | 11.73% | [3],[6],[7],[8],[13] | 9.24% | [11],[12],[14] | |
Par Amount | $ 371 | [6],[7],[8],[13] | $ 372 | [11],[14] | |
Cost | 367 | [1],[6],[7],[8],[13] | 367 | [4],[11],[14] | |
Fair Value | $ 363 | [6],[7],[8],[13] | $ 359 | [11],[14] | |
Percentage of Net Assets | 0.07% | [6],[7],[8],[13] | 0.07% | [11],[14] | |
Investment, Identifier [Axis]: LUV Car Wash Group, LLC 2 | |||||
Variable interest rate | 7% | [6],[7],[8] | 5.50% | [9],[11] | |
Interest Rate | 11.73% | [3],[6],[7],[8] | 9.24% | [9],[11],[12] | |
Par Amount | $ 348 | [6],[7],[8] | $ 349 | [9],[11] | |
Cost | 345 | [1],[6],[7],[8] | 346 | [4],[9],[11] | |
Fair Value | $ 343 | [6],[7],[8] | $ 341 | [9],[11] | |
Percentage of Net Assets | 0.07% | [6],[7],[8] | 0.07% | [9],[11] | |
Investment, Identifier [Axis]: LegitScript 1 | |||||
Variable interest rate | 5.25% | [6],[8],[15] | 5.25% | [9],[11],[16] | |
Interest Rate | 10.06% | [3],[6],[8],[15] | 9.57% | [9],[11],[12],[16] | |
Par Amount | $ 4,381 | [6],[8],[15] | $ 4,392 | [9],[11],[16] | |
Cost | 4,301 | [1],[6],[8],[15] | 4,309 | [4],[9],[11],[16] | |
Fair Value | $ 4,266 | [6],[8],[15] | $ 4,309 | [9],[11],[16] | |
Percentage of Net Assets | 0.83% | [6],[8],[15] | 0.83% | [9],[11],[16] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 1,196 | $ 1,196 | |||
Fair Value | $ (31) | $ (11) | |||
Investment, Identifier [Axis]: LegitScript 2 | |||||
Variable interest rate | 5.25% | [8],[13],[15] | 5.25% | [11],[14],[16] | |
Interest Rate | 10.06% | [3],[8],[13],[15] | 9.57% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (10) | [1],[8],[13],[15] | (11) | [4],[11],[14],[16] | |
Fair Value | $ (31) | [8],[13],[15] | $ (11) | [11],[14],[16] | |
Percentage of Net Assets | (0.01%) | [8],[13],[15] | 0% | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 612 | $ 612 | |||
Fair Value | $ (16) | $ (11) | |||
Investment, Identifier [Axis]: LegitScript 3 | |||||
Variable interest rate | 5.25% | [8],[13],[15] | 5.25% | [11],[14],[16] | |
Interest Rate | 10.06% | [3],[8],[13],[15] | 9.57% | [11],[12],[14],[16] | |
Par Amount | $ 39 | [8],[13],[15] | $ 39 | [11],[14],[16] | |
Cost | 28 | [1],[8],[13],[15] | 27 | [4],[11],[14],[16] | |
Fair Value | $ 22 | [8],[13],[15] | $ 27 | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13],[15] | 0.01% | [11],[14],[16] | |
Investment, Identifier [Axis]: Lightspeed Buyer, Inc. | |||||
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 1,350 | ||||
Fair Value | $ (39) | ||||
Investment, Identifier [Axis]: Lightspeed Buyer, Inc. 1 | |||||
Variable interest rate | 5.50% | [6],[7],[8] | 5.50% | [9],[10],[11] | |
Interest Rate | 10.43% | [3],[6],[7],[8] | 9.98% | [9],[10],[11],[12] | |
Par Amount | $ 4,212 | [6],[7],[8] | $ 4,223 | [9],[10],[11] | |
Cost | 4,143 | [1],[6],[7],[8] | 4,147 | [4],[9],[10],[11] | |
Fair Value | $ 4,102 | [6],[7],[8] | $ 4,099 | [9],[10],[11] | |
Percentage of Net Assets | 0.79% | [6],[7],[8] | 0.79% | [9],[10],[11] | |
Investment, Identifier [Axis]: Lightspeed Buyer, Inc. 2 | |||||
Variable interest rate | 5.50% | [6],[7],[8] | 5.50% | [9],[10],[11] | |
Interest Rate | 10.34% | [3],[6],[7],[8] | 9.98% | [9],[10],[11],[12] | |
Par Amount | $ 3,329 | [6],[7],[8] | $ 3,078 | [9],[10],[11] | |
Cost | 3,268 | [1],[6],[7],[8] | 3,018 | [4],[9],[10],[11] | |
Fair Value | $ 3,243 | [6],[7],[8] | $ 2,989 | [9],[10],[11] | |
Percentage of Net Assets | 0.63% | [6],[7],[8] | 0.58% | [9],[10],[11] | |
Investment, Identifier [Axis]: Lightspeed Buyer, Inc. 3 | |||||
Variable interest rate | [10],[11],[14] | 5.50% | |||
Interest Rate | [10],[11],[12],[14] | 9.98% | |||
Par Amount | [10],[11],[14] | $ 0 | |||
Cost | [4],[10],[11],[14] | (9) | |||
Fair Value | [10],[11],[14] | $ (39) | |||
Percentage of Net Assets | [10],[11],[14] | (0.01%) | |||
Investment, Identifier [Axis]: Lightspeed Solution, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 1,134 | $ 1,220 | |||
Fair Value | $ (38) | $ (45) | |||
Investment, Identifier [Axis]: Lightspeed Solution, LLC 1 | |||||
Variable interest rate | 6% | [6],[8] | 6.50% | [9],[11],[16] | |
Interest Rate | 11.37% | [3],[6],[8] | 10.82% | [9],[11],[12],[16] | |
Par Amount | $ 3,828 | [6],[8] | $ 3,793 | [9],[11],[16] | |
Cost | 3,763 | [1],[6],[8] | 3,726 | [4],[9],[11],[16] | |
Fair Value | $ 3,699 | [6],[8] | $ 3,654 | [9],[11],[16] | |
Percentage of Net Assets | 0.72% | [6],[8] | 0.71% | [9],[11],[16] | |
Investment, Identifier [Axis]: Lightspeed Solution, LLC 2 | |||||
Variable interest rate | 6% | [8],[13] | 6.50% | [11],[14],[16] | |
Interest Rate | 11.37% | [3],[8],[13] | 10.82% | [11],[12],[14],[16] | |
Par Amount | $ 86 | [8],[13] | $ 0 | [11],[14],[16] | |
Cost | 75 | [1],[8],[13] | (11) | [4],[11],[14],[16] | |
Fair Value | $ 44 | [8],[13] | $ (45) | [11],[14],[16] | |
Percentage of Net Assets | 0.01% | [8],[13] | (0.01%) | [11],[14],[16] | |
Investment, Identifier [Axis]: Long Term Care Group, Inc. | |||||
Variable interest rate | 6% | [6],[8],[15] | 6% | [9],[11],[16] | |
Interest Rate | 10.90% | [3],[6],[8],[15] | 10.34% | [9],[11],[12],[16] | |
Par Amount | $ 1,980 | [6],[8],[15] | $ 1,985 | [9],[11],[16] | |
Cost | 1,946 | [1],[6],[8],[15] | 1,950 | [4],[9],[11],[16] | |
Fair Value | $ 1,775 | [6],[8],[15] | $ 1,907 | [9],[11],[16] | |
Percentage of Net Assets | 0.34% | [6],[8],[15] | 0.37% | [9],[11],[16] | |
Investment, Identifier [Axis]: MHE Intermediate Holdings, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 921 | $ 921 | |||
Fair Value | $ (26) | $ (27) | |||
Investment, Identifier [Axis]: MHE Intermediate Holdings, LLC 1 | |||||
Variable interest rate | 6% | [6],[7],[8] | 6% | [9],[10],[11] | |
Interest Rate | 10.91% | [3],[6],[7],[8] | 9.74% | [9],[10],[11],[12] | |
Par Amount | $ 12,137 | [6],[7],[8] | $ 12,307 | [9],[10],[11] | |
Cost | 11,951 | [1],[6],[7],[8] | 12,110 | [4],[9],[10],[11] | |
Fair Value | $ 11,789 | [6],[7],[8] | $ 11,943 | [9],[10],[11] | |
Percentage of Net Assets | 2.28% | [6],[7],[8] | 2.31% | [9],[10],[11] | |
Investment, Identifier [Axis]: MHE Intermediate Holdings, LLC 2 | |||||
Variable interest rate | 6% | [7],[8] | 6% | [10],[11] | |
Interest Rate | 10.91% | [3],[7],[8] | 9.74% | [10],[11],[12] | |
Par Amount | $ 1,673 | [7],[8] | $ 1,678 | [10],[11] | |
Cost | 1,643 | [1],[7],[8] | 1,644 | [4],[10],[11] | |
Fair Value | $ 1,640 | [7],[8] | $ 1,644 | [10],[11] | |
Percentage of Net Assets | 0.32% | [7],[8] | 0.32% | [10],[11] | |
Investment, Identifier [Axis]: MHE Intermediate Holdings, LLC 3 | |||||
Variable interest rate | 6% | [7],[8] | 6% | [9],[10],[11] | |
Interest Rate | 10.91% | [3],[7],[8] | 9.74% | [9],[10],[11],[12] | |
Par Amount | $ 140 | [7],[8] | $ 1,590 | [9],[10],[11] | |
Cost | 136 | [1],[7],[8] | 1,564 | [4],[9],[10],[11] | |
Fair Value | $ 136 | [7],[8] | $ 1,544 | [9],[10],[11] | |
Percentage of Net Assets | 0.03% | [7],[8] | 0.30% | [9],[10],[11] | |
Investment, Identifier [Axis]: MHE Intermediate Holdings, LLC 4 | |||||
Variable interest rate | 6.25% | [6],[7],[8] | 6% | [10],[11],[14] | |
Interest Rate | 10.91% | [3],[6],[7],[8] | 9.74% | [10],[11],[12],[14] | |
Par Amount | $ 1,586 | [6],[7],[8] | $ 150 | [10],[11],[14] | |
Cost | 1,561 | [1],[6],[7],[8] | 134 | [4],[10],[11],[14] | |
Fair Value | $ 1,541 | [6],[7],[8] | $ 118 | [10],[11],[14] | |
Percentage of Net Assets | 0.30% | [6],[7],[8] | 0.02% | [10],[11],[14] | |
Investment, Identifier [Axis]: MHE Intermediate Holdings, LLC 5 | |||||
Variable interest rate | [7],[8],[13] | 6% | |||
Interest Rate | [3],[7],[8],[13] | 10.82% | |||
Par Amount | [7],[8],[13] | $ 150 | |||
Cost | [1],[7],[8],[13] | 135 | |||
Fair Value | [7],[8],[13] | $ 119 | |||
Percentage of Net Assets | [7],[8],[13] | 0.02% | |||
Investment, Identifier [Axis]: MRI Software, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 968 | $ 1,576 | |||
Fair Value | $ (13) | $ (32) | |||
Investment, Identifier [Axis]: MRI Software, LLC 1 | |||||
Variable interest rate | 5.50% | [7],[8] | 5.50% | [10],[11] | |
Interest Rate | 10.66% | [3],[7],[8] | 10.23% | [10],[11],[12] | |
Par Amount | $ 2,021 | [7],[8] | $ 957 | [10],[11] | |
Cost | 2,015 | [1],[7],[8] | 952 | [4],[10],[11] | |
Fair Value | $ 1,994 | [7],[8] | $ 937 | [10],[11] | |
Percentage of Net Assets | 0.39% | [7],[8] | 0.18% | [10],[11] | |
Investment, Identifier [Axis]: MRI Software, LLC 2 | |||||
Variable interest rate | 5.50% | [7],[8],[13] | 5.50% | [10],[11],[14] | |
Interest Rate | 10.66% | [3],[7],[8],[13] | 10.23% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 461 | [10],[11],[14] | |
Cost | (3) | [1],[7],[8],[13] | 457 | [4],[10],[11],[14] | |
Fair Value | $ (13) | [7],[8],[13] | $ 420 | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0.08% | [10],[11],[14] | |
Investment, Identifier [Axis]: MSM Acquisitions, Inc. 1 | |||||
Variable interest rate | [9],[10],[11] | 6% | |||
Interest Rate | [9],[10],[11],[12] | 10.75% | |||
Par Amount | [9],[10],[11] | $ 11,319 | |||
Cost | [4],[9],[10],[11] | 11,183 | |||
Fair Value | [9],[10],[11] | $ 11,049 | |||
Percentage of Net Assets | [9],[10],[11] | 2.14% | |||
Investment, Identifier [Axis]: MSM Acquisitions, Inc. 2 | |||||
Variable interest rate | [9],[10],[11],[14] | 6% | |||
Interest Rate | [9],[10],[11],[12],[14] | 10.75% | |||
Par Amount | [9],[10],[11],[14] | $ 4,536 | |||
Cost | [4],[9],[10],[11],[14] | 4,442 | |||
Fair Value | [9],[10],[11],[14] | $ 4,187 | |||
Percentage of Net Assets | [9],[10],[11],[14] | 0.81% | |||
Investment, Identifier [Axis]: MSM Acquisitions, Inc. 3 | |||||
Variable interest rate | [10],[11],[14] | 6% | |||
Interest Rate | [10],[11],[12],[14] | 10.75% | |||
Par Amount | [10],[11],[14] | $ 612 | |||
Cost | [4],[10],[11],[14] | 594 | |||
Fair Value | [10],[11],[14] | $ 580 | |||
Percentage of Net Assets | [10],[11],[14] | 0.11% | |||
Investment, Identifier [Axis]: Magnolia Wash Holdings | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 32 | $ 32 | |||
Fair Value | $ (2) | $ (1) | |||
Investment, Identifier [Axis]: Magnolia Wash Holdings 1 | |||||
Variable interest rate | 6.50% | [6],[7],[8] | 6.50% | [9],[11] | |
Interest Rate | 11.35% | [3],[6],[7],[8] | 10.32% | [9],[11],[12] | |
Par Amount | $ 1,686 | [6],[7],[8] | $ 1,690 | [9],[11] | |
Cost | 1,655 | [1],[6],[7],[8] | 1,658 | [4],[9],[11] | |
Fair Value | $ 1,573 | [6],[7],[8] | $ 1,619 | [9],[11] | |
Percentage of Net Assets | 0.30% | [6],[7],[8] | 0.31% | [9],[11] | |
Investment, Identifier [Axis]: Magnolia Wash Holdings 2 | |||||
Variable interest rate | 6.50% | [7],[8] | 6.50% | [11] | |
Interest Rate | 11.35% | [3],[7],[8] | 10.32% | [11],[12] | |
Par Amount | $ 316 | [7],[8] | $ 317 | [11] | |
Cost | 310 | [1],[7],[8] | 311 | [4],[11] | |
Fair Value | $ 295 | [7],[8] | $ 303 | [11] | |
Percentage of Net Assets | 0.06% | [7],[8] | 0.06% | [11] | |
Investment, Identifier [Axis]: Magnolia Wash Holdings 3 | |||||
Variable interest rate | 6.50% | [7],[8],[13] | 6.50% | [11],[14] | |
Interest Rate | 11.35% | [3],[7],[8],[13] | 10.32% | [11],[12],[14] | |
Par Amount | $ 39 | [7],[8],[13] | $ 39 | [11],[14] | |
Cost | 38 | [1],[7],[8],[13] | 38 | [4],[11],[14] | |
Fair Value | $ 34 | [7],[8],[13] | $ 36 | [11],[14] | |
Percentage of Net Assets | 0.01% | [7],[8],[13] | 0.01% | [11],[14] | |
Investment, Identifier [Axis]: Mammoth Holdings, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 408 | $ 408 | |||
Fair Value | $ (5) | $ 0 | |||
Investment, Identifier [Axis]: Mammoth Holdings, LLC 1 | |||||
Variable interest rate | 6% | [6],[7],[8] | 6% | [9],[11] | |
Interest Rate | 10.85% | [3],[6],[7],[8] | 9.82% | [9],[11],[12] | |
Par Amount | $ 3,434 | [6],[7],[8] | $ 3,443 | [9],[11] | |
Cost | 3,418 | [1],[6],[7],[8] | 3,432 | [4],[9],[11] | |
Fair Value | $ 3,391 | [6],[7],[8] | $ 3,443 | [9],[11] | |
Percentage of Net Assets | 0.66% | [6],[7],[8] | 0.67% | [9],[11] | |
Investment, Identifier [Axis]: Mammoth Holdings, LLC 2 | |||||
Variable interest rate | 6% | [6],[7],[8] | 6% | [9],[11] | |
Interest Rate | 10.85% | [3],[6],[7],[8] | 9.82% | [9],[11],[12] | |
Par Amount | $ 15,376 | [6],[7],[8] | $ 15,415 | [9],[11] | |
Cost | 15,316 | [1],[6],[7],[8] | 15,363 | [4],[9],[11] | |
Fair Value | $ 15,186 | [6],[7],[8] | $ 15,415 | [9],[11] | |
Percentage of Net Assets | 2.94% | [6],[7],[8] | 2.99% | [9],[11] | |
Investment, Identifier [Axis]: Mammoth Holdings, LLC 3 | |||||
Variable interest rate | 6% | [7],[8],[13] | 6% | [11],[14] | |
Interest Rate | 10.85% | [3],[7],[8],[13] | 9.82% | [11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [11],[14] | |
Cost | (2) | [1],[7],[8],[13] | (1) | [4],[11],[14] | |
Fair Value | $ (5) | [7],[8],[13] | $ 0 | [11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | [11],[14] | ||
Investment, Identifier [Axis]: Mantech International CP 1 | |||||
Variable interest rate | 5.75% | [6],[8],[15] | 5.75% | [9],[11],[16] | |
Interest Rate | 10.43% | [3],[6],[8],[15] | 9.58% | [9],[11],[12],[16] | |
Par Amount | $ 10,746 | [6],[8],[15] | $ 10,773 | [9],[11],[16] | |
Cost | 10,543 | [1],[6],[8],[15] | 10,564 | [4],[9],[11],[16] | |
Fair Value | $ 10,572 | [6],[8],[15] | $ 10,495 | [9],[11],[16] | |
Percentage of Net Assets | 2.05% | [6],[8],[15] | 2.03% | [9],[11],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 2,600 | $ 2,600 | |||
Fair Value | $ (42) | $ (67) | |||
Investment, Identifier [Axis]: Mantech International CP 2 | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.43% | [3],[8],[13],[15] | 9.58% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (24) | [1],[8],[13],[15] | (25) | [4],[11],[14],[16] | |
Fair Value | $ (42) | [8],[13],[15] | $ (67) | [11],[14],[16] | |
Percentage of Net Assets | (0.01%) | [8],[13],[15] | (0.01%) | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 1,600 | $ 1,600 | |||
Fair Value | $ (26) | $ (41) | |||
Investment, Identifier [Axis]: Mantech International CP 3 | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.43% | [3],[8],[13],[15] | 9.58% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (29) | [1],[8],[13],[15] | (30) | [4],[11],[14],[16] | |
Fair Value | $ (26) | [8],[13],[15] | $ (41) | [11],[14],[16] | |
Percentage of Net Assets | (0.01%) | [8],[13],[15] | (0.01%) | [11],[14],[16] | |
Investment, Identifier [Axis]: Montana Buyer, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 147 | $ 147 | |||
Fair Value | $ (5) | $ (5) | |||
Investment, Identifier [Axis]: Montana Buyer, Inc. 1 | |||||
Variable interest rate | 5.75% | [6],[8],[15] | 5.75% | [9],[11],[16] | |
Interest Rate | 10.57% | [3],[6],[8],[15] | 8.70% | [9],[11],[12],[16] | |
Par Amount | $ 1,302 | [6],[8],[15] | $ 1,306 | [9],[11],[16] | |
Cost | 1,278 | [1],[6],[8],[15] | 1,281 | [4],[9],[11],[16] | |
Fair Value | $ 1,262 | [6],[8],[15] | $ 1,262 | [9],[11],[16] | |
Percentage of Net Assets | 0.24% | [6],[8],[15] | 0.24% | [9],[11],[16] | |
Investment, Identifier [Axis]: Montana Buyer, Inc. 2 | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.57% | [3],[8],[13],[15] | 8.70% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (3) | [1],[8],[13],[15] | (3) | [4],[11],[14],[16] | |
Fair Value | $ (5) | [8],[13],[15] | $ (5) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: Netwrix Corporation And Concept Searching, Inc. 1 | |||||
Variable interest rate | 5% | [6],[8],[15] | 5% | [9],[11],[16] | |
Interest Rate | 9.70% | [3],[6],[8],[15] | 9.70% | [9],[11],[12],[16] | |
Par Amount | $ 616 | [6],[8],[15] | $ 614 | [9],[11],[16] | |
Cost | 610 | [1],[6],[8],[15] | 608 | [4],[9],[11],[16] | |
Fair Value | $ 588 | [6],[8],[15] | $ 581 | [9],[11],[16] | |
Percentage of Net Assets | 0.11% | [6],[8],[15] | 0.11% | [9],[11],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 218 | $ 220 | |||
Fair Value | $ (9) | $ (12) | |||
Investment, Identifier [Axis]: Netwrix Corporation And Concept Searching, Inc. 2 | |||||
Variable interest rate | 5% | [8],[13],[15] | 5% | [11],[14],[16] | |
Interest Rate | 9.87% | [3],[8],[13],[15] | 9.70% | [11],[12],[14],[16] | |
Par Amount | $ 108 | [8],[13],[15] | $ 108 | [11],[14],[16] | |
Cost | 107 | [1],[8],[13],[15] | 107 | [4],[11],[14],[16] | |
Fair Value | $ 94 | [8],[13],[15] | $ 91 | [11],[14],[16] | |
Percentage of Net Assets | 0.02% | [8],[13],[15] | 0.02% | [11],[14],[16] | |
Unused Fee Rate | 0.25% | 0.50% | |||
Unfunded commitments | $ 43 | $ 57 | |||
Fair Value | $ (2) | $ (3) | |||
Investment, Identifier [Axis]: Netwrix Corporation And Concept Searching, Inc. 3 | |||||
Variable interest rate | 5% | [8],[13],[15] | 5% | [11],[14],[16] | |
Interest Rate | 9.88% | [3],[8],[13],[15] | 9.70% | [11],[12],[14],[16] | |
Par Amount | $ 14 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | 14 | [1],[8],[13],[15] | (1) | [4],[11],[14],[16] | |
Fair Value | $ 12 | [8],[13],[15] | $ (3) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: Oak Purchaser, Inc. 1 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 10.37% | [3],[6],[8],[15] | 9.48% | [9],[11],[12],[16] | |
Par Amount | $ 931 | [6],[8],[15] | $ 931 | [9],[11],[16] | |
Cost | 922 | [1],[6],[8],[15] | 922 | [4],[9],[11],[16] | |
Fair Value | $ 895 | [6],[8],[15] | $ 917 | [9],[11],[16] | |
Percentage of Net Assets | 0.17% | [6],[8],[15] | 0.18% | [9],[11],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 388 | $ 412 | |||
Fair Value | $ (15) | $ (6) | |||
Investment, Identifier [Axis]: Oak Purchaser, Inc. 2 | |||||
Variable interest rate | 5.50% | [8],[13],[15] | 5.50% | [11],[14],[16] | |
Interest Rate | 10.37% | [3],[8],[13],[15] | 9.48% | [11],[12],[14],[16] | |
Par Amount | $ 232 | [8],[13],[15] | $ 208 | [11],[14],[16] | |
Cost | 227 | [1],[8],[13],[15] | 203 | [4],[11],[14],[16] | |
Fair Value | $ 208 | [8],[13],[15] | $ 200 | [11],[14],[16] | |
Percentage of Net Assets | 0.04% | [8],[13],[15] | 0.04% | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 124 | $ 124 | |||
Fair Value | $ (5) | $ (2) | |||
Investment, Identifier [Axis]: Oak Purchaser, Inc. 3 | |||||
Variable interest rate | 5.50% | [8],[13],[15] | 5.50% | [11],[14],[16] | |
Interest Rate | 10.37% | [3],[8],[13],[15] | 9.48% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (1) | [1],[8],[13],[15] | (1) | [4],[11],[14],[16] | |
Fair Value | $ (5) | [8],[13],[15] | $ (2) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: Oakbridge Insurance Agency, LLC 1 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.75% | [9],[10],[11] | |
Interest Rate | 10.66% | [3],[6],[7],[8] | 10.17% | [9],[10],[11],[12] | |
Par Amount | $ 1,077 | [6],[7],[8] | $ 1,078 | [9],[10],[11] | |
Cost | 1,062 | [1],[6],[7],[8] | 1,062 | [4],[9],[10],[11] | |
Fair Value | $ 1,054 | [6],[7],[8] | $ 1,062 | [9],[10],[11] | |
Percentage of Net Assets | 0.20% | [6],[7],[8] | 0.21% | [9],[10],[11] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 367 | $ 399 | |||
Fair Value | $ (8) | $ (4) | |||
Investment, Identifier [Axis]: Oakbridge Insurance Agency, LLC 2 | |||||
Variable interest rate | 5.75% | [7],[8],[13] | 5.75% | [10],[11],[14] | |
Interest Rate | 10.66% | [3],[7],[8],[13] | 10.17% | [10],[11],[12],[14] | |
Par Amount | $ 92 | [7],[8],[13] | $ 60 | [10],[11],[14] | |
Cost | 88 | [1],[7],[8],[13] | 56 | [4],[10],[11],[14] | |
Fair Value | $ 83 | [7],[8],[13] | $ 56 | [10],[11],[14] | |
Percentage of Net Assets | 0.02% | [7],[8],[13] | 0.01% | [10],[11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 31 | $ 36 | |||
Fair Value | $ (1) | $ 0 | |||
Investment, Identifier [Axis]: Oakbridge Insurance Agency, LLC 3 | |||||
Variable interest rate | 5.75% | [7],[8],[13] | 5.75% | [10],[11],[14] | |
Interest Rate | 10.66% | [3],[7],[8],[13] | 10.17% | [10],[11],[12],[14] | |
Par Amount | $ 24 | [7],[8],[13] | $ 19 | [10],[11],[14] | |
Cost | 23 | [1],[7],[8],[13] | 18 | [4],[10],[11],[14] | |
Fair Value | $ 23 | [7],[8],[13] | $ 18 | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0% | [10],[11],[14] | |
Investment, Identifier [Axis]: Omni Intermediate Holdings, LLC | |||||
Variable interest rate | [8] | 9% | |||
Interest Rate | [3],[8] | 13.82% | |||
Par Amount | [8] | $ 900 | |||
Cost | [1],[8] | 876 | |||
Fair Value | [8] | $ 883 | |||
Percentage of Net Assets | [8] | 0.17% | |||
Investment, Identifier [Axis]: Omni Intermediate Holdings, LLC 1 | |||||
Variable interest rate | 5% | [6],[7],[8] | 5% | [9],[10],[11] | |
Interest Rate | 10.05% | [3],[6],[7],[8] | 9.73% | [9],[10],[11],[12] | |
Par Amount | $ 14,613 | [6],[7],[8] | $ 14,571 | [9],[10],[11] | |
Cost | 14,499 | [1],[6],[7],[8] | 14,451 | [4],[9],[10],[11] | |
Fair Value | $ 14,119 | [6],[7],[8] | $ 13,954 | [9],[10],[11] | |
Percentage of Net Assets | 2.74% | [6],[7],[8] | 2.70% | [9],[10],[11] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 28 | $ 941 | |||
Fair Value | $ (1) | $ (39) | |||
Investment, Identifier [Axis]: Omni Intermediate Holdings, LLC 2 | |||||
Variable interest rate | 5% | [7],[8],[13] | 5% | [10],[11],[14] | |
Interest Rate | 10.05% | [3],[7],[8],[13] | 9.73% | [10],[11],[12],[14] | |
Par Amount | $ 1,561 | [7],[8],[13] | $ 654 | [10],[11],[14] | |
Cost | 1,542 | [1],[7],[8],[13] | 638 | [4],[10],[11],[14] | |
Fair Value | $ 1,507 | [7],[8],[13] | $ 587 | [10],[11],[14] | |
Percentage of Net Assets | 0.29% | [7],[8],[13] | 0.11% | [10],[11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 1,318 | $ 1,318 | |||
Fair Value | $ (45) | $ (56) | |||
Investment, Identifier [Axis]: Omni Intermediate Holdings, LLC 3 | |||||
Variable interest rate | 5% | [7],[8],[13] | 5% | [10],[11] | |
Interest Rate | 10.05% | [3],[7],[8],[13] | 9.73% | [10],[11],[12] | |
Par Amount | $ 0 | [7],[8],[13] | $ 77 | [10],[11] | |
Cost | (10) | [1],[7],[8],[13] | 75 | [4],[10],[11] | |
Fair Value | $ (44) | [7],[8],[13] | $ 73 | [10],[11] | |
Percentage of Net Assets | (0.01%) | [7],[8],[13] | 0.01% | [10],[11] | |
Investment, Identifier [Axis]: Omni Intermediate Holdings, LLC 4 | |||||
Variable interest rate | [10],[11],[14] | 5% | |||
Interest Rate | [10],[11],[12],[14] | 9.73% | |||
Par Amount | [10],[11],[14] | $ 0 | |||
Cost | [4],[10],[11],[14] | (11) | |||
Fair Value | [10],[11],[14] | $ (56) | |||
Percentage of Net Assets | [10],[11],[14] | (0.01%) | |||
Investment, Identifier [Axis]: Omni Intermediate Holdings, LLC 5 | |||||
Variable interest rate | [9],[10],[11] | 9% | |||
Interest Rate | [9],[10],[11],[12] | 13.69% | |||
Par Amount | [9],[10],[11] | $ 900 | |||
Cost | [4],[9],[10],[11] | 875 | |||
Fair Value | [9],[10],[11] | $ 864 | |||
Percentage of Net Assets | [9],[10],[11] | 0.17% | |||
Investment, Identifier [Axis]: PCX Holding Corp. | |||||
Par Amount, Shares (in shares) | 1,154 | [8],[17] | 1,154 | [11],[18] | |
Cost | $ 115 | [1],[8],[17] | $ 115 | [4],[11],[18] | |
Fair Value | $ 156 | [8],[17] | $ 132 | [11],[18] | |
Percentage of Net Assets | 0.03% | [8],[17] | 0.03% | [11],[18] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 555 | $ 555 | |||
Fair Value | $ (15) | $ (18) | |||
Investment, Identifier [Axis]: PCX Holding Corp. 1 | |||||
Variable interest rate | 6.25% | [6],[7],[8] | 6.25% | [9],[10],[11] | |
Interest Rate | 11.41% | [3],[6],[7],[8] | 10.98% | [9],[10],[11],[12] | |
Par Amount | $ 7,794 | [6],[7],[8] | $ 7,814 | [9],[10],[11] | |
Cost | 7,737 | [1],[6],[7],[8] | 7,754 | [4],[9],[10],[11] | |
Fair Value | $ 7,576 | [6],[7],[8] | $ 7,558 | [9],[10],[11] | |
Percentage of Net Assets | 1.47% | [6],[7],[8] | 1.46% | [9],[10],[11] | |
Investment, Identifier [Axis]: PCX Holding Corp. 2 | |||||
Variable interest rate | 6.25% | [6],[7],[8] | 6.25% | [9],[10],[11] | |
Interest Rate | 11.41% | [3],[6],[7],[8] | 10.98% | [9],[10],[11],[12] | |
Par Amount | $ 7,849 | [6],[7],[8] | $ 7,869 | [9],[10],[11] | |
Cost | 7,730 | [1],[6],[7],[8] | 7,743 | [4],[9],[10],[11] | |
Fair Value | $ 7,630 | [6],[7],[8] | $ 7,611 | [9],[10],[11] | |
Percentage of Net Assets | 1.48% | [6],[7],[8] | 1.47% | [9],[10],[11] | |
Investment, Identifier [Axis]: PCX Holding Corp. 3 | |||||
Variable interest rate | 6.25% | [7],[8],[13] | 6.25% | [10],[11],[14] | |
Interest Rate | 11.41% | [3],[7],[8],[13] | 10.98% | [10],[11],[12],[14] | |
Par Amount | $ 238 | [7],[8],[13] | $ 238 | [10],[11],[14] | |
Cost | 233 | [1],[7],[8],[13] | 232 | [4],[10],[11],[14] | |
Fair Value | $ 216 | [7],[8],[13] | $ 212 | [10],[11],[14] | |
Percentage of Net Assets | 0.04% | [7],[8],[13] | 0.04% | [10],[11],[14] | |
Investment, Identifier [Axis]: PDFTron Systems, Inc. | |||||
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 1,650 | ||||
Fair Value | $ (55) | ||||
Investment, Identifier [Axis]: PDFTron Systems, Inc. 1 | |||||
Variable interest rate | 5.50% | [6],[7],[8],[20] | 5.50% | [9],[10],[11],[19] | |
Interest Rate | 10.31% | [3],[6],[7],[8],[20] | 9.82% | [9],[10],[11],[12],[19] | |
Par Amount | $ 13,002 | [6],[7],[8],[20] | $ 13,035 | [9],[10],[11],[19] | |
Cost | 12,832 | [1],[6],[7],[8],[20] | 12,856 | [4],[9],[10],[11],[19] | |
Fair Value | $ 12,598 | [6],[7],[8],[20] | $ 12,601 | [9],[10],[11],[19] | |
Percentage of Net Assets | 2.44% | [6],[7],[8],[20] | 2.44% | [9],[10],[11],[19] | |
Investment, Identifier [Axis]: PDFTron Systems, Inc. 2 | |||||
Variable interest rate | 5.50% | [6],[7],[8],[20] | 5.50% | [9],[10],[11],[19] | |
Interest Rate | 10.26% | [3],[6],[7],[8],[20] | 9.82% | [9],[10],[11],[12],[19] | |
Par Amount | $ 4,200 | [6],[7],[8],[20] | $ 4,200 | [9],[10],[11],[19] | |
Cost | 4,133 | [1],[6],[7],[8],[20] | 4,130 | [4],[9],[10],[11],[19] | |
Fair Value | $ 4,069 | [6],[7],[8],[20] | $ 4,060 | [9],[10],[11],[19] | |
Percentage of Net Assets | 0.79% | [6],[7],[8],[20] | 0.79% | [9],[10],[11],[19] | |
Investment, Identifier [Axis]: PDFTron Systems, Inc. 3 | |||||
Variable interest rate | 5.50% | [7],[8],[20] | 5.50% | [10],[11],[14],[19] | |
Interest Rate | 10.29% | [3],[7],[8],[20] | 9.82% | [10],[11],[12],[14],[19] | |
Par Amount | $ 3,300 | [7],[8],[20] | $ 1,650 | [10],[11],[14],[19] | |
Cost | 3,257 | [1],[7],[8],[20] | 1,603 | [4],[10],[11],[14],[19] | |
Fair Value | $ 3,197 | [7],[8],[20] | $ 1,540 | [10],[11],[14],[19] | |
Percentage of Net Assets | 0.62% | [7],[8],[20] | 0.30% | [10],[11],[14],[19] | |
Investment, Identifier [Axis]: PPV Intermediate Holdings, LLC | |||||
Variable interest rate | [8],[15] | 5.75% | |||
Interest Rate | [3],[8],[15] | 10.58% | |||
Par Amount | [8],[15] | $ 994 | |||
Cost | [1],[8],[15] | 954 | |||
Fair Value | [8],[15] | $ 954 | |||
Percentage of Net Assets | [8],[15] | 0.18% | |||
Investment, Identifier [Axis]: PT Intermediate Holdings III, LLC 1 | |||||
Variable interest rate | 5.98% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 11.02% | [3],[6],[8],[15] | 10.23% | [9],[11],[12],[16] | |
Par Amount | $ 9,085 | [6],[8],[15] | $ 15,142 | [9],[11],[16] | |
Cost | 9,008 | [1],[6],[8],[15] | 15,010 | [4],[9],[11],[16] | |
Fair Value | $ 8,474 | [6],[8],[15] | $ 14,704 | [9],[11],[16] | |
Percentage of Net Assets | 1.64% | [6],[8],[15] | 2.85% | [9],[11],[16] | |
Investment, Identifier [Axis]: PT Intermediate Holdings III, LLC 2 | |||||
Variable interest rate | 5.98% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 11.02% | [3],[6],[8],[15] | 10.23% | [9],[11],[12],[16] | |
Par Amount | $ 6,018 | [6],[8],[15] | $ 8,425 | [9],[11],[16] | |
Cost | 5,968 | [1],[6],[8],[15] | 8,352 | [4],[9],[11],[16] | |
Fair Value | $ 5,614 | [6],[8],[15] | $ 8,181 | [9],[11],[16] | |
Percentage of Net Assets | 1.09% | [6],[8],[15] | 1.58% | [9],[11],[16] | |
Investment, Identifier [Axis]: PT Intermediate Holdings III, LLC 3 | |||||
Variable interest rate | [6],[8],[15] | 5.98% | |||
Interest Rate | [3],[6],[8],[15] | 11.02% | |||
Par Amount | [6],[8],[15] | $ 8,404 | |||
Cost | [1],[6],[8],[15] | 8,334 | |||
Fair Value | [6],[8],[15] | $ 7,839 | |||
Percentage of Net Assets | [6],[8],[15] | 1.52% | |||
Investment, Identifier [Axis]: Patriot Growth Insurance Services, LLC | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.78% | [3],[8],[13],[15] | 10.47% | [11],[12],[14],[16] | |
Par Amount | $ 161 | [8],[13],[15] | $ 49 | [11],[14],[16] | |
Cost | 154 | [1],[8],[13],[15] | 43 | [4],[11],[14],[16] | |
Fair Value | $ 136 | [8],[13],[15] | $ 17 | [11],[14],[16] | |
Percentage of Net Assets | 0.03% | [8],[13],[15] | 0% | [11],[14],[16] | |
Unused Fee Rate | 0.75% | 0.75% | |||
Unfunded commitments | $ 519 | $ 632 | |||
Fair Value | $ (19) | $ (29) | |||
Investment, Identifier [Axis]: Performance Health & Wellness | |||||
Variable interest rate | [6],[8] | 6% | |||
Interest Rate | [3],[6],[8] | 10.96% | |||
Par Amount | [6],[8] | $ 4,028 | |||
Cost | [1],[6],[8] | 3,966 | |||
Fair Value | [6],[8] | $ 3,874 | |||
Percentage of Net Assets | [6],[8] | 0.75% | |||
Investment, Identifier [Axis]: Performance Health Holdings, Inc. | |||||
Variable interest rate | [9],[10],[11] | 6% | |||
Interest Rate | [9],[10],[11],[12] | 10.73% | |||
Par Amount | [9],[10],[11] | $ 4,028 | |||
Cost | [4],[9],[10],[11] | 3,963 | |||
Fair Value | [9],[10],[11] | $ 3,838 | |||
Percentage of Net Assets | [9],[10],[11] | 0.74% | |||
Investment, Identifier [Axis]: PerkinElmer U.S., LLC | |||||
Variable interest rate | [6],[8] | 6.75% | |||
Interest Rate | [3],[6],[8] | 11.86% | |||
Par Amount | [6],[8] | $ 583 | |||
Cost | [1],[6],[8] | 565 | |||
Fair Value | [6],[8] | $ 565 | |||
Percentage of Net Assets | [6],[8] | 0.11% | |||
Investment, Identifier [Axis]: Peter C. Foy & Associates Insurance Services, LLC | |||||
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 347 | ||||
Fair Value | $ (14) | ||||
Investment, Identifier [Axis]: Peter C. Foy & Associates Insurance Services, LLC 1 | |||||
Variable interest rate | 6% | [6],[8],[15] | 6% | [9],[11],[16] | |
Interest Rate | 11.21% | [3],[6],[8],[15] | 11.21% | [9],[11],[12],[16] | |
Par Amount | $ 7,395 | [6],[8],[15] | $ 7,698 | [9],[11],[16] | |
Cost | 7,333 | [1],[6],[8],[15] | 7,629 | [4],[9],[11],[16] | |
Fair Value | $ 7,108 | [6],[8],[15] | $ 7,325 | [9],[11],[16] | |
Percentage of Net Assets | 1.38% | [6],[8],[15] | 1.42% | [9],[11],[16] | |
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 91 | ||||
Fair Value | $ (4) | ||||
Investment, Identifier [Axis]: Peter C. Foy & Associates Insurance Services, LLC 2 | |||||
Variable interest rate | 6% | [6],[8],[15] | 6% | [9],[11],[14],[16] | |
Interest Rate | 11.12% | [3],[6],[8],[15] | 11.21% | [9],[11],[12],[14],[16] | |
Par Amount | $ 284 | [6],[8],[15] | $ 2,679 | [9],[11],[14],[16] | |
Cost | 280 | [1],[6],[8],[15] | 2,653 | [4],[9],[11],[14],[16] | |
Fair Value | $ 273 | [6],[8],[15] | $ 2,545 | [9],[11],[14],[16] | |
Percentage of Net Assets | 0.05% | [6],[8],[15] | 0.49% | [9],[11],[14],[16] | |
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 347 | ||||
Fair Value | $ (17) | ||||
Investment, Identifier [Axis]: Peter C. Foy & Associates Insurance Services, LLC 3 | |||||
Variable interest rate | 6% | [6],[8],[15] | 6% | [11],[14],[16] | |
Interest Rate | 11.21% | [3],[6],[8],[15] | 11.21% | [11],[12],[14],[16] | |
Par Amount | $ 2,054 | [6],[8],[15] | $ 0 | [11],[14],[16] | |
Cost | 2,037 | [1],[6],[8],[15] | (3) | [4],[11],[14],[16] | |
Fair Value | $ 1,974 | [6],[8],[15] | $ (17) | [11],[14],[16] | |
Percentage of Net Assets | 0.38% | [6],[8],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: Peter C. Foy & Associates Insurance Services, LLC 4 | |||||
Variable interest rate | [8],[15] | 6% | |||
Interest Rate | [3],[8],[15] | 11.47% | |||
Par Amount | [8],[15] | $ 710 | |||
Cost | [1],[8],[15] | 700 | |||
Fair Value | [8],[15] | $ 682 | |||
Percentage of Net Assets | [8],[15] | 0.13% | |||
Investment, Identifier [Axis]: Peter C. Foy & Associates Insurance Services, LLC 5 | |||||
Variable interest rate | [8],[13],[15] | 6% | |||
Interest Rate | [3],[8],[13],[15] | 11.21% | |||
Par Amount | [8],[13],[15] | $ 0 | |||
Cost | [1],[8],[13],[15] | (3) | |||
Fair Value | [8],[13],[15] | $ (14) | |||
Percentage of Net Assets | [8],[13],[15] | 0% | |||
Investment, Identifier [Axis]: Pound Bidco, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 388 | $ 388 | |||
Fair Value | $ (1) | $ (2) | |||
Investment, Identifier [Axis]: Pound Bidco, Inc. 1 | |||||
Variable interest rate | 6.50% | [6],[7],[8],[20] | 6.50% | [9],[10],[11],[19] | |
Interest Rate | 11.20% | [3],[6],[7],[8],[20] | 10.67% | [9],[10],[11],[12],[19] | |
Par Amount | $ 3,004 | [6],[7],[8],[20] | $ 3,004 | [9],[10],[11],[19] | |
Cost | 2,966 | [1],[6],[7],[8],[20] | 2,963 | [4],[9],[10],[11],[19] | |
Fair Value | $ 2,994 | [6],[7],[8],[20] | $ 2,990 | [9],[10],[11],[19] | |
Percentage of Net Assets | 0.58% | [6],[7],[8],[20] | 0.58% | [9],[10],[11],[19] | |
Investment, Identifier [Axis]: Pound Bidco, Inc. 2 | |||||
Variable interest rate | 6.50% | [6],[8],[13],[20],[23] | 6.50% | [9],[10],[11],[14],[19] | |
Interest Rate | 11.20% | [3],[6],[8],[13],[20],[23] | 10.67% | [9],[10],[11],[12],[14],[19] | |
Par Amount | $ 0 | [6],[8],[13],[20],[23] | $ 0 | [9],[10],[11],[14],[19] | |
Cost | (4) | [1],[6],[8],[13],[20],[23] | (5) | [4],[9],[10],[11],[14],[19] | |
Fair Value | $ (1) | [6],[8],[13],[20],[23] | $ (2) | [9],[10],[11],[14],[19] | |
Percentage of Net Assets | 0% | [6],[8],[13],[20],[23] | 0% | [9],[10],[11],[14],[19] | |
Investment, Identifier [Axis]: Pritchard Industries, Inc. | |||||
Par Amount, Shares (in shares) | 300,000 | [8],[17] | 300,000 | [11],[18] | |
Cost | $ 300 | [1],[8],[17] | $ 300 | [4],[11],[18] | |
Fair Value | $ 348 | [8],[17] | $ 390 | [11],[18] | |
Percentage of Net Assets | 0.07% | [8],[17] | 0.08% | [11],[18] | |
Investment, Identifier [Axis]: Pritchard Industries, LLC | |||||
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 296 | ||||
Fair Value | $ (16) | ||||
Investment, Identifier [Axis]: Pritchard Industries, LLC 1 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 10.66% | [3],[6],[8],[15] | 10.54% | [9],[11],[12],[16] | |
Par Amount | $ 10,914 | [6],[8],[15] | $ 10,942 | [9],[11],[16] | |
Cost | 10,741 | [1],[6],[8],[15] | 10,760 | [4],[9],[11],[16] | |
Fair Value | $ 10,458 | [6],[8],[15] | $ 10,334 | [9],[11],[16] | |
Percentage of Net Assets | 2.03% | [6],[8],[15] | 2% | [9],[11],[16] | |
Investment, Identifier [Axis]: Pritchard Industries, LLC 2 | |||||
Variable interest rate | 5.50% | [8],[15] | 5.50% | [11],[14],[16] | |
Interest Rate | 10.56% | [3],[8],[15] | 10.54% | [11],[12],[14],[16] | |
Par Amount | $ 2,609 | [8],[15] | $ 2,320 | [11],[14],[16] | |
Cost | 2,566 | [1],[8],[15] | 2,278 | [4],[11],[14],[16] | |
Fair Value | $ 2,500 | [8],[15] | $ 2,174 | [11],[14],[16] | |
Percentage of Net Assets | 0.48% | [8],[15] | 0.42% | [11],[14],[16] | |
Investment, Identifier [Axis]: Procure Acquiom Financial, LLC (Procure Analytics) | |||||
Par Amount, Shares (in shares) | 500,000 | [8],[17] | 500,000 | [11],[18] | |
Cost | $ 500 | [1],[8],[17] | $ 500 | [4],[11],[18] | |
Fair Value | $ 750 | [8],[17] | $ 690 | [11],[18] | |
Percentage of Net Assets | 0.15% | [8],[17] | 0.13% | [11],[18] | |
Investment, Identifier [Axis]: Procure Acquireco, Inc. (Procure Analytics) | |||||
Variable interest rate | [8],[13],[15] | 5% | |||
Interest Rate | [3],[8],[13],[15] | 9.84% | |||
Par Amount | [8],[13],[15] | $ 0 | |||
Cost | [1],[8],[13],[15] | (14) | |||
Fair Value | [8],[13],[15] | $ (49) | |||
Percentage of Net Assets | [8],[13],[15] | (0.01%) | |||
Investment, Identifier [Axis]: Procure Acquireco, Inc. (Procure Analytics) 1 | |||||
Variable interest rate | 5% | [6],[8],[15] | 5% | [9],[11],[16] | |
Interest Rate | 9.84% | [3],[6],[8],[15] | 9.35% | [9],[11],[12],[16] | |
Par Amount | $ 15,675 | [6],[8],[15] | $ 15,714 | [9],[11],[16] | |
Cost | 15,407 | [1],[6],[8],[15] | 15,437 | [4],[9],[11],[16] | |
Fair Value | $ 14,863 | [6],[8],[15] | $ 15,021 | [9],[11],[16] | |
Percentage of Net Assets | 2.88% | [6],[8],[15] | 2.91% | [9],[11],[16] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 3,175 | $ 3,175 | |||
Fair Value | $ (165) | $ (140) | |||
Investment, Identifier [Axis]: Procure Acquireco, Inc. (Procure Analytics) 2 | |||||
Variable interest rate | 5% | [8],[13],[15] | 5% | [11],[14],[16] | |
Interest Rate | 9.84% | [3],[8],[13],[15] | 9.35% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (26) | [1],[8],[13],[15] | (27) | [4],[11],[14],[16] | |
Fair Value | $ (164) | [8],[13],[15] | $ (140) | [11],[14],[16] | |
Percentage of Net Assets | (0.03%) | [8],[13],[15] | (0.03%) | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 952 | $ 952 | |||
Fair Value | $ (49) | $ (42) | |||
Investment, Identifier [Axis]: Procure Acquireco, Inc. (Procure Analytics) 3 | |||||
Variable interest rate | [11],[14],[16] | 5% | |||
Interest Rate | [11],[12],[14],[16] | 9.35% | |||
Par Amount | [11],[14],[16] | $ 0 | |||
Cost | [4],[11],[14],[16] | (15) | |||
Fair Value | [11],[14],[16] | $ (42) | |||
Percentage of Net Assets | [11],[14],[16] | (0.01%) | |||
Investment, Identifier [Axis]: Project Leopard Holdings, Inc. | |||||
Variable interest rate | 5.25% | [6],[8],[20],[23] | 5.25% | [9],[11],[19],[24] | |
Interest Rate | 9.80% | [3],[6],[8],[20],[23] | 9.80% | [9],[11],[12],[19],[24] | |
Par Amount | $ 1,037 | [6],[8],[20],[23] | $ 1,040 | [9],[11],[19],[24] | |
Cost | 970 | [1],[6],[8],[20],[23] | 971 | [4],[9],[11],[19],[24] | |
Fair Value | $ 955 | [6],[8],[20],[23] | $ 943 | [9],[11],[19],[24] | |
Percentage of Net Assets | 0.18% | [6],[8],[20],[23] | 0.18% | [9],[11],[19],[24] | |
Investment, Identifier [Axis]: Promptcare Infusion Buyer, Inc. | |||||
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 885 | $ 1,042 | |||
Fair Value | $ (28) | $ (36) | |||
Investment, Identifier [Axis]: Promptcare Infusion Buyer, Inc. 1 | |||||
Variable interest rate | 6% | [6],[8] | 6% | [9],[10],[11] | |
Interest Rate | 10.72% | [3],[6],[8] | 10.22% | [9],[10],[11],[12] | |
Par Amount | $ 3,878 | [6],[8] | $ 3,888 | [9],[10],[11] | |
Cost | 3,818 | [1],[6],[8] | 3,825 | [4],[9],[10],[11] | |
Fair Value | $ 3,754 | [6],[8] | $ 3,753 | [9],[10],[11] | |
Percentage of Net Assets | 0.73% | [6],[8] | 0.73% | [9],[10],[11] | |
Investment, Identifier [Axis]: Promptcare Infusion Buyer, Inc. 2 | |||||
Variable interest rate | 6% | [7],[8],[13] | 6% | [10],[11],[14] | |
Interest Rate | 10.72% | [3],[7],[8],[13] | 10.22% | [10],[11],[12],[14] | |
Par Amount | $ 533 | [7],[8],[13] | $ 378 | [10],[11],[14] | |
Cost | 518 | [1],[7],[8],[13] | 364 | [4],[10],[11],[14] | |
Fair Value | $ 488 | [7],[8],[13] | $ 329 | [10],[11],[14] | |
Percentage of Net Assets | 0.09% | [7],[8],[13] | 0.06% | [10],[11],[14] | |
Investment, Identifier [Axis]: QW Holding Corporation 1 | |||||
Variable interest rate | 5.50% | [6],[7],[8] | 5.50% | [9],[10],[11] | |
Interest Rate | 10.32% | [3],[6],[7],[8] | 9.44% | [9],[10],[11],[12] | |
Par Amount | $ 3,290 | [6],[7],[8] | $ 3,299 | [9],[10],[11] | |
Cost | 3,250 | [1],[6],[7],[8] | 3,256 | [4],[9],[10],[11] | |
Fair Value | $ 3,290 | [6],[7],[8] | $ 3,176 | [9],[10],[11] | |
Percentage of Net Assets | 0.64% | [6],[7],[8] | 0.62% | [9],[10],[11] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 71 | $ 146 | |||
Fair Value | $ 0 | $ (5) | |||
Investment, Identifier [Axis]: QW Holding Corporation 2 | |||||
Variable interest rate | 4.50% | [7],[8],[13] | 5.50% | [10],[11],[14] | |
Interest Rate | 12.50% | [3],[7],[8],[13] | 9.44% | [10],[11],[12],[14] | |
Par Amount | $ 761 | [7],[8],[13] | $ 686 | [10],[11],[14] | |
Cost | 751 | [1],[7],[8],[13] | 676 | [4],[10],[11],[14] | |
Fair Value | $ 761 | [7],[8],[13] | $ 655 | [10],[11],[14] | |
Percentage of Net Assets | 0.15% | [7],[8],[13] | 0.13% | [10],[11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 333 | $ 833 | |||
Fair Value | $ 0 | $ (31) | |||
Investment, Identifier [Axis]: QW Holding Corporation 3 | |||||
Variable interest rate | 4.50% | [7],[8],[13] | 5.50% | [10],[11],[14] | |
Interest Rate | 12.50% | [3],[7],[8],[13] | 9.44% | [10],[11],[12],[14] | |
Par Amount | $ 500 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | 491 | [1],[7],[8],[13] | (11) | [4],[10],[11],[14] | |
Fair Value | $ 500 | [7],[8],[13] | $ (31) | [10],[11],[14] | |
Percentage of Net Assets | 0.10% | [7],[8],[13] | (0.01%) | [10],[11],[14] | |
Investment, Identifier [Axis]: RSC Acquisition, Inc. | |||||
Variable interest rate | [6],[8],[15] | 5.50% | |||
Interest Rate | [3],[6],[8],[15] | 10.50% | |||
Par Amount | [6],[8],[15] | $ 10,508 | |||
Cost | [1],[6],[8],[15] | 10,427 | |||
Fair Value | [6],[8],[15] | $ 10,261 | |||
Percentage of Net Assets | [6],[8],[15] | 1.99% | |||
Investment, Identifier [Axis]: RSC Acquisition, Inc. 1 | |||||
Variable interest rate | [9],[11],[16] | 5.50% | |||
Interest Rate | [9],[11],[12],[16] | 10.11% | |||
Par Amount | [9],[11],[16] | $ 5,374 | |||
Cost | [4],[9],[11],[16] | 5,331 | |||
Fair Value | [9],[11],[16] | $ 5,206 | |||
Percentage of Net Assets | [9],[11],[16] | 1.01% | |||
Investment, Identifier [Axis]: RSC Acquisition, Inc. 2 | |||||
Variable interest rate | [9],[11],[16] | 5.50% | |||
Interest Rate | [9],[11],[12],[16] | 10.11% | |||
Par Amount | [9],[11],[16] | $ 5,176 | |||
Cost | [4],[9],[11],[16] | 5,136 | |||
Fair Value | [9],[11],[16] | $ 5,014 | |||
Percentage of Net Assets | [9],[11],[16] | 0.97% | |||
Investment, Identifier [Axis]: RSK Holdings, Inc. (Riskonnect) | |||||
Variable interest rate | [8],[15],[17] | 10.50% | |||
Par Amount, Shares (in shares) | [8],[15],[17] | 320,600 | |||
Cost | [1],[8],[15],[17] | $ 324 | |||
Fair Value | [8],[15],[17] | $ 340 | |||
Percentage of Net Assets | [8],[15],[17] | 0.07% | |||
Investment, Identifier [Axis]: Radwell Parent, LLC | |||||
Unused Fee Rate | 0.38% | ||||
Unfunded commitments | $ 1,047 | ||||
Fair Value | $ (30) | ||||
Investment, Identifier [Axis]: Radwell Parent, LLC 1 | |||||
Variable interest rate | [9],[11],[16] | 6.75% | |||
Interest Rate | [9],[11],[12],[16] | 11.33% | |||
Par Amount | [9],[11],[16] | $ 13,953 | |||
Cost | [4],[9],[11],[16] | 13,546 | |||
Fair Value | [9],[11],[16] | $ 13,546 | |||
Percentage of Net Assets | [9],[11],[16] | 2.62% | |||
Investment, Identifier [Axis]: Radwell Parent, LLC 2 | |||||
Variable interest rate | [11],[14],[16] | 6.75% | |||
Interest Rate | [11],[12],[14],[16] | 11.33% | |||
Par Amount | [11],[14],[16] | $ 0 | |||
Cost | [4],[11],[14],[16] | (30) | |||
Fair Value | [11],[14],[16] | $ (30) | |||
Percentage of Net Assets | [11],[14],[16] | (0.01%) | |||
Investment, Identifier [Axis]: Randy's Holdings, Inc. 1 | |||||
Variable interest rate | 6.50% | [6],[7],[8] | 6.50% | [9],[10],[11] | |
Interest Rate | 11.36% | [3],[6],[7],[8] | 10.59% | [9],[10],[11],[12] | |
Par Amount | $ 2,506 | [6],[7],[8] | $ 2,509 | [9],[10],[11] | |
Cost | 2,434 | [1],[6],[7],[8] | 2,435 | [4],[9],[10],[11] | |
Fair Value | $ 2,443 | [6],[7],[8] | $ 2,435 | [9],[10],[11] | |
Percentage of Net Assets | 0.47% | [6],[7],[8] | 0.47% | [9],[10],[11] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 836 | $ 836 | |||
Fair Value | $ (21) | $ (12) | |||
Investment, Identifier [Axis]: Randy's Holdings, Inc. 2 | |||||
Variable interest rate | 6.50% | [7],[8],[13] | 6.50% | [10],[11],[14] | |
Interest Rate | 11.36% | [3],[7],[8],[13] | 10.59% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | (12) | [1],[7],[8],[13] | (12) | [4],[10],[11],[14] | |
Fair Value | $ (21) | [7],[8],[13] | $ (12) | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0% | [10],[11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 271 | $ 282 | |||
Fair Value | $ (7) | $ (8) | |||
Investment, Identifier [Axis]: Randy's Holdings, Inc. 3 | |||||
Variable interest rate | 6.50% | [7],[8],[13] | 6.50% | [10],[11],[14] | |
Interest Rate | 11.36% | [3],[7],[8],[13] | 10.59% | [10],[11],[12],[14] | |
Par Amount | $ 63 | [7],[8],[13] | $ 53 | [10],[11],[14] | |
Cost | 54 | [1],[7],[8],[13] | 43 | [4],[10],[11],[14] | |
Fair Value | $ 55 | [7],[8],[13] | $ 43 | [10],[11],[14] | |
Percentage of Net Assets | 0.01% | [7],[8],[13] | 0.01% | [10],[11],[14] | |
Investment, Identifier [Axis]: Raptor Merger Sub Debt, LLC | |||||
Unused Fee Rate | 0.38% | ||||
Unfunded commitments | $ 907 | ||||
Fair Value | $ (25) | ||||
Investment, Identifier [Axis]: Raptor Merger Sub Debt, LLC 1 | |||||
Variable interest rate | [6],[8],[15] | 6.75% | |||
Interest Rate | [3],[6],[8],[15] | 11.65% | |||
Par Amount | [6],[8],[15] | $ 13,919 | |||
Cost | [1],[6],[8],[15] | 13,523 | |||
Fair Value | [6],[8],[15] | $ 13,532 | |||
Percentage of Net Assets | [6],[8],[15] | 2.62% | |||
Investment, Identifier [Axis]: Raptor Merger Sub Debt, LLC 2 | |||||
Variable interest rate | [8],[13],[15] | 6.75% | |||
Interest Rate | [3],[8],[13],[15] | 11.65% | |||
Par Amount | [8],[13],[15] | $ 140 | |||
Cost | [1],[8],[13],[15] | 111 | |||
Fair Value | [8],[13],[15] | $ 110 | |||
Percentage of Net Assets | [8],[13],[15] | 0.02% | |||
Investment, Identifier [Axis]: Red Dawn SEI Buyer, Inc. | |||||
Variable interest rate | 8.50% | [6],[7],[8] | 8.50% | [9],[10],[11] | |
Interest Rate | 13.34% | [3],[6],[7],[8] | 12.67% | [9],[10],[11],[12] | |
Par Amount | $ 1,000 | [6],[7],[8] | $ 1,000 | [9],[10],[11] | |
Cost | 982 | [1],[6],[7],[8] | 982 | [4],[9],[10],[11] | |
Fair Value | $ 965 | [6],[7],[8] | $ 942 | [9],[10],[11] | |
Percentage of Net Assets | 0.19% | [6],[7],[8] | 0.18% | [9],[10],[11] | |
Investment, Identifier [Axis]: Redwood Services Group, LLC | |||||
Unused Fee Rate | 0% | 1% | |||
Unfunded commitments | $ 3 | $ 121 | |||
Fair Value | $ 0 | $ (5) | |||
Investment, Identifier [Axis]: Redwood Services Group, LLC 1 | |||||
Variable interest rate | 6% | [6],[8],[15] | 6% | [9],[11],[16] | |
Interest Rate | 11.15% | [3],[6],[8],[15] | 10.68% | [9],[11],[12],[16] | |
Par Amount | $ 1,809 | [6],[8],[15] | $ 1,813 | [9],[11],[16] | |
Cost | 1,775 | [1],[6],[8],[15] | 1,779 | [4],[9],[11],[16] | |
Fair Value | $ 1,748 | [6],[8],[15] | $ 1,734 | [9],[11],[16] | |
Percentage of Net Assets | 0.34% | [6],[8],[15] | 0.34% | [9],[11],[16] | |
Investment, Identifier [Axis]: Redwood Services Group, LLC 2 | |||||
Variable interest rate | 6% | [8],[13],[15] | 6% | [11],[14],[16] | |
Interest Rate | 11.15% | [3],[8],[13],[15] | 10.68% | [11],[12],[14],[16] | |
Par Amount | $ 429 | [8],[13],[15] | $ 312 | [11],[14],[16] | |
Cost | 424 | [1],[8],[13],[15] | 306 | [4],[11],[14],[16] | |
Fair Value | $ 415 | [8],[13],[15] | $ 293 | [11],[14],[16] | |
Percentage of Net Assets | 0.08% | [8],[13],[15] | 0.06% | [11],[14],[16] | |
Investment, Identifier [Axis]: Revalize, Inc. | |||||
Variable interest rate | [7],[8],[17] | 10% | |||
Interest Rate | [10],[11],[18] | 10% | |||
Par Amount, Shares (in shares) | 1,787 | [7],[8],[17] | 1,787 | [10],[11],[18] | |
Cost | $ 1,947 | [1],[7],[8],[17] | $ 1,937 | [4],[10],[11],[18] | |
Fair Value | $ 1,957 | [7],[8],[17] | $ 1,807 | [10],[11],[18] | |
Percentage of Net Assets | 0.38% | [7],[8],[17] | 0.35% | [10],[11],[18] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 71 | $ 71 | |||
Fair Value | $ (3) | $ (3) | |||
Investment, Identifier [Axis]: Revalize, Inc. 1 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.75% | [9],[10],[11] | |
Interest Rate | 10.66% | [3],[6],[7],[8] | 10.48% | [9],[10],[11],[12] | |
Par Amount | $ 8,737 | [6],[7],[8] | $ 8,638 | [9],[10],[11] | |
Cost | 8,693 | [1],[6],[7],[8] | 8,590 | [4],[9],[10],[11] | |
Fair Value | $ 8,349 | [6],[7],[8] | $ 8,235 | [9],[10],[11] | |
Percentage of Net Assets | 1.62% | [6],[7],[8] | 1.60% | [9],[10],[11] | |
Investment, Identifier [Axis]: Revalize, Inc. 2 | |||||
Variable interest rate | 5.75% | [6],[8],[13],[15] | 5.75% | [10],[11] | |
Interest Rate | 10.66% | [3],[6],[8],[13],[15] | 10.48% | [10],[11],[12] | |
Par Amount | $ 0 | [6],[8],[13],[15] | $ 121 | [10],[11] | |
Cost | (1) | [1],[6],[8],[13],[15] | 121 | [4],[10],[11] | |
Fair Value | $ (3) | [6],[8],[13],[15] | $ 116 | [10],[11] | |
Percentage of Net Assets | 0% | [6],[8],[13],[15] | 0.02% | [10],[11] | |
Investment, Identifier [Axis]: Revalize, Inc. 3 | |||||
Variable interest rate | [10],[11],[14] | 5.75% | |||
Interest Rate | [10],[11],[12],[14] | 10.48% | |||
Par Amount | [10],[11],[14] | $ 0 | |||
Cost | [4],[10],[11],[14] | (1) | |||
Fair Value | [10],[11],[14] | $ (3) | |||
Percentage of Net Assets | [10],[11],[14] | 0% | |||
Investment, Identifier [Axis]: Riskonnect Parent, LLC | |||||
Interest Rate | [11],[18] | 10.50% | |||
Par Amount, Shares (in shares) | [11],[18] | 320,600 | |||
Cost | [4],[11],[18] | $ 323 | |||
Fair Value | [11],[18] | $ 333 | |||
Percentage of Net Assets | [11],[18] | 0.06% | |||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 177 | $ 177 | |||
Fair Value | $ (5) | $ (7) | |||
Investment, Identifier [Axis]: Riskonnect Parent, LLC 1 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 10.55% | [3],[6],[8],[15] | 10.08% | [9],[11],[12],[16] | |
Par Amount | $ 166 | [6],[8],[15] | $ 141 | [9],[11],[16] | |
Cost | 163 | [1],[6],[8],[15] | 138 | [4],[9],[11],[16] | |
Fair Value | $ 161 | [6],[8],[15] | $ 135 | [9],[11],[16] | |
Percentage of Net Assets | 0.03% | [6],[8],[15] | 0.03% | [9],[11],[16] | |
Investment, Identifier [Axis]: Riskonnect Parent, LLC 2 | |||||
Variable interest rate | 5.50% | [8],[13],[15] | 5.50% | [11],[14],[16] | |
Interest Rate | 10.55% | [3],[8],[13],[15] | 10.08% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 25 | [11],[14],[16] | |
Cost | (2) | [1],[8],[13],[15] | 23 | [4],[11],[14],[16] | |
Fair Value | $ (5) | [8],[13],[15] | $ 17 | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: RoadOne IntermodaLogistics 1 | |||||
Variable interest rate | 6.25% | [7],[8] | 6.25% | [10],[11] | |
Interest Rate | 11.12% | [3],[7],[8] | 10.81% | [10],[11],[12] | |
Par Amount | $ 633 | [7],[8] | $ 635 | [10],[11] | |
Cost | 615 | [1],[7],[8] | 616 | [4],[10],[11] | |
Fair Value | $ 615 | [7],[8] | $ 616 | [10],[11] | |
Percentage of Net Assets | 0.12% | [7],[8] | 0.12% | [10],[11] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 112 | $ 162 | |||
Fair Value | $ (2) | $ (2) | |||
Investment, Identifier [Axis]: RoadOne IntermodaLogistics 2 | |||||
Variable interest rate | 6.25% | [7],[8],[13] | 6.25% | [10],[11],[14] | |
Interest Rate | 11.12% | [3],[7],[8],[13] | 10.81% | [10],[11],[12],[14] | |
Par Amount | $ 49 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | 46 | [1],[7],[8],[13] | (2) | [4],[10],[11],[14] | |
Fair Value | $ 46 | [7],[8],[13] | $ (2) | [10],[11],[14] | |
Percentage of Net Assets | 0.01% | [7],[8],[13] | 0% | [10],[11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 97 | $ 97 | |||
Fair Value | $ (3) | $ (3) | |||
Investment, Identifier [Axis]: RoadOne IntermodaLogistics 3 | |||||
Variable interest rate | 6.25% | [7],[8],[13] | 6.25% | [10],[11],[14] | |
Interest Rate | 11.12% | [3],[7],[8],[13] | 10.81% | [10],[11],[12],[14] | |
Par Amount | $ 28 | [7],[8],[13] | $ 28 | [10],[11],[14] | |
Cost | 25 | [1],[7],[8],[13] | 25 | [4],[10],[11],[14] | |
Fair Value | $ 25 | [7],[8],[13] | $ 25 | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0% | [10],[11],[14] | |
Investment, Identifier [Axis]: Securonix, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 1,621 | $ 1,621 | |||
Fair Value | $ (70) | $ (59) | |||
Investment, Identifier [Axis]: Securonix, Inc. 1 | |||||
Variable interest rate | 6.50% | [6],[8],[15] | 6.50% | [9],[11] | |
Interest Rate | 11.10% | [3],[6],[8],[15] | 10.10% | [9],[11],[12] | |
Par Amount | $ 9,004 | [6],[8],[15] | $ 9,004 | [9],[11] | |
Cost | 8,867 | [1],[6],[8],[15] | 8,862 | [4],[9],[11] | |
Fair Value | $ 8,613 | [6],[8],[15] | $ 8,678 | [9],[11] | |
Percentage of Net Assets | 1.67% | [6],[8],[15] | 1.68% | [9],[11] | |
Investment, Identifier [Axis]: Securonix, Inc. 2 | |||||
Variable interest rate | 6.50% | [7],[8],[13] | 6.50% | [11],[14],[16] | |
Interest Rate | 11.10% | [3],[7],[8],[13] | 10.10% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [11],[14],[16] | |
Cost | (24) | [1],[7],[8],[13] | (25) | [4],[11],[14],[16] | |
Fair Value | $ (70) | [7],[8],[13] | $ (59) | [11],[14],[16] | |
Percentage of Net Assets | (0.01%) | [7],[8],[13] | (0.01%) | [11],[14],[16] | |
Investment, Identifier [Axis]: Shelby Co-invest, LP. (Spectrum Automotive) | |||||
Par Amount, Shares (in shares) | 1,500 | [8],[17] | 1,500 | [11],[18] | |
Cost | $ 150 | [1],[8],[17] | $ 150 | [4],[11],[18] | |
Fair Value | $ 211 | [8],[17] | $ 211 | [11],[18] | |
Percentage of Net Assets | 0.04% | [8],[17] | 0.04% | [11],[18] | |
Investment, Identifier [Axis]: Sherlock Buyer Corp. 1 | |||||
Variable interest rate | 5.75% | [6],[8],[15] | 5.75% | [9],[11],[16] | |
Interest Rate | 10.75% | [3],[6],[8],[15] | 10.48% | [9],[11],[12],[16] | |
Par Amount | $ 18,507 | [6],[8],[15] | $ 18,554 | [9],[11],[16] | |
Cost | 18,192 | [1],[6],[8],[15] | 18,227 | [4],[9],[11],[16] | |
Fair Value | $ 18,209 | [6],[8],[15] | $ 18,144 | [9],[11],[16] | |
Percentage of Net Assets | 3.53% | [6],[8],[15] | 3.51% | [9],[11],[16] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 5,392 | $ 5,392 | |||
Fair Value | $ (87) | $ (119) | |||
Investment, Identifier [Axis]: Sherlock Buyer Corp. 2 | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.75% | [3],[8],[13],[15] | 10.48% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (44) | [1],[8],[13],[15] | (46) | [4],[11],[14],[16] | |
Fair Value | $ (87) | [8],[13],[15] | $ (119) | [11],[14],[16] | |
Percentage of Net Assets | (0.02%) | [8],[13],[15] | (0.02%) | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 2,157 | $ 2,157 | |||
Fair Value | $ (35) | $ (48) | |||
Investment, Identifier [Axis]: Sherlock Buyer Corp. 3 | |||||
Variable interest rate | 5.75% | [8],[13] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.75% | [3],[8],[13] | 10.48% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13] | $ 0 | [11],[14],[16] | |
Cost | (34) | [1],[8],[13] | (35) | [4],[11],[14],[16] | |
Fair Value | $ (35) | [8],[13] | $ (48) | [11],[14],[16] | |
Percentage of Net Assets | (0.01%) | [8],[13] | (0.01%) | [11],[14],[16] | |
Investment, Identifier [Axis]: SitusAMC Holdings Corp. | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 10.66% | [3],[6],[8],[15] | 10.23% | [9],[11],[12],[16] | |
Par Amount | $ 7,128 | [6],[8],[15] | $ 7,146 | [9],[11],[16] | |
Cost | 7,069 | [1],[6],[8],[15] | 7,085 | [4],[9],[11],[16] | |
Fair Value | $ 6,883 | [6],[8],[15] | $ 6,835 | [9],[11],[16] | |
Percentage of Net Assets | 1.33% | [6],[8],[15] | 1.32% | [9],[11],[16] | |
Investment, Identifier [Axis]: Skykick, Inc. | |||||
Par Amount, Shares (in shares) | 23,665 | [8],[17] | 23,665 | [11],[18] | |
Cost | $ 225 | [1],[8],[17] | $ 225 | [4],[11],[18] | |
Fair Value | $ 150 | [8],[17] | $ 170 | [11],[18] | |
Percentage of Net Assets | 0.03% | [8],[17] | 0.03% | [11],[18] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 144 | $ 495 | |||
Fair Value | $ (11) | $ (12) | |||
Investment, Identifier [Axis]: Skykick, Inc. 1 | |||||
Variable interest rate | 7.25% | [6],[7],[8] | 7.25% | [9],[10],[11] | |
Interest Rate | 12.04% | [3],[6],[7],[8] | 11% | [9],[10],[11],[12] | |
Par Amount | $ 2,700 | [6],[7],[8] | $ 2,700 | [9],[10],[11] | |
Cost | 2,647 | [1],[6],[7],[8] | 2,645 | [4],[9],[10],[11] | |
Fair Value | $ 2,498 | [6],[7],[8] | $ 2,633 | [9],[10],[11] | |
Percentage of Net Assets | 0.48% | [6],[7],[8] | 0.51% | [9],[10],[11] | |
Investment, Identifier [Axis]: Skykick, Inc. 2 | |||||
Variable interest rate | 7.25% | [7],[8],[13] | 7.25% | [10],[11],[14] | |
Interest Rate | 12.04% | [3],[7],[8],[13] | 11% | [10],[11],[12],[14] | |
Par Amount | $ 981 | [7],[8],[13] | $ 630 | [10],[11],[14] | |
Cost | 959 | [1],[7],[8],[13] | 612 | [4],[10],[11],[14] | |
Fair Value | $ 897 | [7],[8],[13] | $ 602 | [10],[11],[14] | |
Percentage of Net Assets | 0.17% | [7],[8],[13] | 0.12% | [10],[11],[14] | |
Investment, Identifier [Axis]: Smarsh, Inc. 1 | |||||
Variable interest rate | 6.50% | [6],[8] | 6.50% | [9],[11],[16] | |
Interest Rate | 11.29% | [3],[6],[8] | 11.29% | [9],[11],[12],[16] | |
Par Amount | $ 4,286 | [6],[8] | $ 4,286 | [9],[11],[16] | |
Cost | 4,210 | [1],[6],[8] | 4,208 | [4],[9],[11],[16] | |
Fair Value | $ 4,138 | [6],[8] | $ 4,126 | [9],[11],[16] | |
Percentage of Net Assets | 0.80% | [6],[8] | 0.80% | [9],[11],[16] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 536 | $ 536 | |||
Fair Value | $ (18) | $ (20) | |||
Investment, Identifier [Axis]: Smarsh, Inc. 2 | |||||
Variable interest rate | 6.50% | [8],[13] | 6.50% | [11],[14],[16] | |
Interest Rate | 11.29% | [3],[8],[13] | 11.29% | [11],[12],[14],[16] | |
Par Amount | $ 536 | [8],[13] | $ 536 | [11],[14],[16] | |
Cost | 522 | [1],[8],[13] | 521 | [4],[11],[14],[16] | |
Fair Value | $ 499 | [8],[13] | $ 496 | [11],[14],[16] | |
Percentage of Net Assets | 0.10% | [8],[13] | 0.10% | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 214 | $ 268 | |||
Fair Value | $ (7) | $ (10) | |||
Investment, Identifier [Axis]: Smarsh, Inc. 3 | |||||
Variable interest rate | 6.50% | [8],[13] | 6.50% | [11],[14],[16] | |
Interest Rate | 11.29% | [3],[8],[13] | 11.29% | [11],[12],[14],[16] | |
Par Amount | $ 54 | [8],[13] | $ 0 | [11],[14],[16] | |
Cost | 49 | [1],[8],[13] | (5) | [4],[11],[14],[16] | |
Fair Value | $ 44 | [8],[13] | $ (10) | [11],[14],[16] | |
Percentage of Net Assets | 0.01% | [8],[13] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: Sonny's Enterprises, LLC 1 | |||||
Variable interest rate | 6.75% | [6],[7],[8] | 5.95% | [9],[10],[11] | |
Interest Rate | 11.33% | [3],[6],[7],[8] | 10.19% | [9],[10],[11],[12] | |
Par Amount | $ 4,991 | [6],[7],[8] | $ 5,004 | [9],[10],[11] | |
Cost | 4,921 | [1],[6],[7],[8] | 4,929 | [4],[9],[10],[11] | |
Fair Value | $ 4,820 | [6],[7],[8] | $ 4,792 | [9],[10],[11] | |
Percentage of Net Assets | 0.93% | [6],[7],[8] | 0.93% | [9],[10],[11] | |
Investment, Identifier [Axis]: Sonny's Enterprises, LLC 2 | |||||
Variable interest rate | 6.75% | [6],[7],[8] | 6.75% | [10],[11] | |
Interest Rate | 11.33% | [3],[6],[7],[8] | 10.19% | [10],[11],[12] | |
Par Amount | $ 13,850 | [6],[7],[8] | $ 9,120 | [10],[11] | |
Cost | 13,659 | [1],[6],[7],[8] | 8,981 | [4],[10],[11] | |
Fair Value | $ 13,375 | [6],[7],[8] | $ 8,733 | [10],[11] | |
Percentage of Net Assets | 2.59% | [6],[7],[8] | 1.69% | [10],[11] | |
Investment, Identifier [Axis]: Sonny's Enterprises, LLC 3 | |||||
Variable interest rate | [9],[11] | 6.75% | |||
Interest Rate | [9],[11],[12] | 10.19% | |||
Par Amount | [9],[11] | $ 4,767 | |||
Cost | [4],[9],[11] | 4,702 | |||
Fair Value | [9],[11] | $ 4,565 | |||
Percentage of Net Assets | [9],[11] | 0.88% | |||
Investment, Identifier [Axis]: Southern Veterinary Partners, LLC | |||||
Variable interest rate | 5.50% | [6],[7],[8] | 5.50% | [9],[10],[11] | |
Interest Rate | 10.36% | [3],[6],[7],[8] | 9.93% | [9],[10],[11],[12] | |
Par Amount | $ 284 | [6],[7],[8] | $ 285 | [9],[10],[11] | |
Cost | 279 | [1],[6],[7],[8] | 279 | [4],[9],[10],[11] | |
Fair Value | $ 272 | [6],[7],[8] | $ 270 | [9],[10],[11] | |
Percentage of Net Assets | 0.05% | [6],[7],[8] | 0.05% | [9],[10],[11] | |
Investment, Identifier [Axis]: Spectrio, LLC | |||||
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 490 | ||||
Fair Value | $ (8) | ||||
Investment, Identifier [Axis]: Spectrio, LLC 1 | |||||
Variable interest rate | [6],[7],[8] | 6% | |||
Interest Rate | [3],[6],[7],[8] | 11% | |||
Par Amount | [6],[7],[8] | $ 11,291 | |||
Cost | [1],[6],[7],[8] | 11,162 | |||
Fair Value | [6],[7],[8] | $ 11,100 | |||
Percentage of Net Assets | [6],[7],[8] | 2.15% | |||
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 10,045 | ||||
Fair Value | $ (240) | ||||
Investment, Identifier [Axis]: Spectrio, LLC 2 | |||||
Variable interest rate | [6],[7],[8] | 6% | |||
Interest Rate | [3],[6],[7],[8] | 11% | |||
Par Amount | [6],[7],[8] | $ 4,528 | |||
Cost | [1],[6],[7],[8] | 4,510 | |||
Fair Value | [6],[7],[8] | $ 4,451 | |||
Percentage of Net Assets | [6],[7],[8] | 0.86% | |||
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 704 | ||||
Fair Value | $ (17) | ||||
Investment, Identifier [Axis]: Spectrio, LLC 3 | |||||
Variable interest rate | [7],[8],[13] | 6% | |||
Interest Rate | [3],[7],[8],[13] | 11% | |||
Par Amount | [7],[8],[13] | $ 826 | |||
Cost | [1],[7],[8],[13] | 809 | |||
Fair Value | [7],[8],[13] | $ 803 | |||
Percentage of Net Assets | [7],[8],[13] | 0.16% | |||
Investment, Identifier [Axis]: Spectrum Automotive Holdings Corp. 1 | |||||
Variable interest rate | 5.75% | [6],[8],[15] | 5.75% | [9],[11],[16] | |
Interest Rate | 10.91% | [3],[6],[8],[15] | 10.48% | [9],[11],[12],[16] | |
Par Amount | $ 10,110 | [6],[8],[15] | $ 10,136 | [9],[11],[16] | |
Cost | 9,989 | [1],[6],[8],[15] | 10,010 | [4],[9],[11],[16] | |
Fair Value | $ 9,620 | [6],[8],[15] | $ 9,546 | [9],[11],[16] | |
Percentage of Net Assets | 1.86% | [6],[8],[15] | 1.85% | [9],[11],[16] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 821 | $ 821 | |||
Fair Value | $ (40) | $ (48) | |||
Investment, Identifier [Axis]: Spectrum Automotive Holdings Corp. 2 | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.91% | [3],[8],[13],[15] | 10.48% | [11],[12],[14],[16] | |
Par Amount | $ 1,990 | [8],[13],[15] | $ 1,996 | [11],[14],[16] | |
Cost | 1,961 | [1],[8],[13],[15] | 1,965 | [4],[11],[14],[16] | |
Fair Value | $ 1,854 | [8],[13],[15] | $ 1,832 | [11],[14],[16] | |
Percentage of Net Assets | 0.36% | [8],[13],[15] | 0.35% | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 378 | $ 378 | |||
Fair Value | $ (18) | $ (22) | |||
Investment, Identifier [Axis]: Spectrum Automotive Holdings Corp. 3 | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.91% | [3],[8],[13],[15] | 10.48% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (4) | [1],[8],[13],[15] | (4) | [4],[11],[14],[16] | |
Fair Value | $ (19) | [8],[13],[15] | $ (22) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: Spotless Brands, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 37 | $ 46 | |||
Fair Value | $ (1) | $ (2) | |||
Investment, Identifier [Axis]: Spotless Brands, LLC 1 | |||||
Variable interest rate | 6.50% | [6],[7],[8] | 6.50% | [9],[11] | |
Interest Rate | 11.31% | [3],[6],[7],[8] | 10.71% | [9],[11],[12] | |
Par Amount | $ 1,431 | [6],[7],[8] | $ 1,439 | [9],[11] | |
Cost | 1,405 | [1],[6],[7],[8] | 1,411 | [4],[9],[11] | |
Fair Value | $ 1,382 | [6],[7],[8] | $ 1,382 | [9],[11] | |
Percentage of Net Assets | 0.27% | [6],[7],[8] | 0.27% | [9],[11] | |
Investment, Identifier [Axis]: Spotless Brands, LLC 2 | |||||
Variable interest rate | 6.50% | [7],[8] | 6.50% | [11] | |
Interest Rate | 11.31% | [3],[7],[8] | 10.71% | [11],[12] | |
Par Amount | $ 271 | [7],[8] | $ 272 | [11] | |
Cost | 266 | [1],[7],[8] | 267 | [4],[11] | |
Fair Value | $ 261 | [7],[8] | $ 261 | [11] | |
Percentage of Net Assets | 0.05% | [7],[8] | 0.05% | [11] | |
Investment, Identifier [Axis]: Spotless Brands, LLC 3 | |||||
Variable interest rate | 6.50% | [7],[8],[13] | 6.50% | [11],[14] | |
Interest Rate | 11.31% | [3],[7],[8],[13] | 10.71% | [11],[12],[14] | |
Par Amount | $ 9 | [7],[8],[13] | $ 0 | [11],[14] | |
Cost | 8 | [1],[7],[8],[13] | (1) | [4],[11],[14] | |
Fair Value | $ 8 | [7],[8],[13] | $ (2) | [11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0% | [11],[14] | |
Investment, Identifier [Axis]: Stepping Stones Healthcare Services, LLC 1 | |||||
Variable interest rate | 5.75% | [6],[8],[15] | 5.75% | [9],[11],[16] | |
Interest Rate | 10.91% | [3],[6],[8],[15] | 10.48% | [9],[11],[12],[16] | |
Par Amount | $ 4,331 | [6],[8],[15] | $ 4,342 | [9],[11],[16] | |
Cost | 4,275 | [1],[6],[8],[15] | 4,284 | [4],[9],[11],[16] | |
Fair Value | $ 4,144 | [6],[8],[15] | $ 4,111 | [9],[11],[16] | |
Percentage of Net Assets | 0.80% | [6],[8],[15] | 0.80% | [9],[11],[16] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 525 | $ 738 | |||
Fair Value | $ (23) | $ (39) | |||
Investment, Identifier [Axis]: Stepping Stones Healthcare Services, LLC 2 | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.91% | [3],[8],[13],[15] | 10.48% | [11],[12],[14],[16] | |
Par Amount | $ 722 | [8],[13],[15] | $ 511 | [11],[14],[16] | |
Cost | 710 | [1],[8],[13],[15] | 501 | [4],[11],[14],[16] | |
Fair Value | $ 668 | [8],[13],[15] | $ 444 | [11],[14],[16] | |
Percentage of Net Assets | 0.13% | [8],[13],[15] | 0.09% | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 225 | $ 175 | |||
Fair Value | $ (10) | $ (9) | |||
Investment, Identifier [Axis]: Stepping Stones Healthcare Services, LLC 3 | |||||
Variable interest rate | 4.75% | [8] | 4.75% | [11],[14],[16] | |
Interest Rate | 12.75% | [3],[8] | 12.25% | [11],[12],[14],[16] | |
Par Amount | $ 400 | [8] | $ 450 | [11],[14],[16] | |
Cost | 393 | [1],[8] | 442 | [4],[11],[14],[16] | |
Fair Value | $ 373 | [8] | $ 417 | [11],[14],[16] | |
Percentage of Net Assets | 0.07% | [8] | 0.08% | [11],[14],[16] | |
Investment, Identifier [Axis]: Summit Buyer, LLC 1 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.75% | [9],[10],[11] | |
Interest Rate | 10.74% | [3],[6],[7],[8] | 10.13% | [9],[10],[11],[12] | |
Par Amount | $ 9,456 | [6],[7],[8] | $ 9,480 | [9],[10],[11] | |
Cost | 9,327 | [1],[6],[7],[8] | 9,341 | [4],[9],[10],[11] | |
Fair Value | $ 9,131 | [6],[7],[8] | $ 9,061 | [9],[10],[11] | |
Percentage of Net Assets | 1.77% | [6],[7],[8] | 1.76% | [9],[10],[11] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 1,416 | $ 1,416 | |||
Fair Value | $ (49) | $ (63) | |||
Investment, Identifier [Axis]: Summit Buyer, LLC 2 | |||||
Variable interest rate | 5.75% | [7],[8],[13] | 5.75% | [10],[11],[14] | |
Interest Rate | 10.74% | [3],[7],[8],[13] | 10.13% | [10],[11],[12],[14] | |
Par Amount | $ 12,394 | [7],[8],[13] | $ 12,427 | [10],[11],[14] | |
Cost | 12,215 | [1],[7],[8],[13] | 12,233 | [4],[10],[11],[14] | |
Fair Value | $ 11,919 | [7],[8],[13] | $ 11,815 | [10],[11],[14] | |
Percentage of Net Assets | 2.31% | [7],[8],[13] | 2.29% | [10],[11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 1,037 | $ 1,037 | |||
Fair Value | $ (36) | $ (46) | |||
Investment, Identifier [Axis]: Summit Buyer, LLC 3 | |||||
Variable interest rate | 5.75% | [7],[8],[13] | 5.75% | [10],[11],[14] | |
Interest Rate | 10.74% | [3],[7],[8],[13] | 10.13% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | (13) | [1],[7],[8],[13] | (14) | [4],[10],[11],[14] | |
Fair Value | $ (36) | [7],[8],[13] | $ (46) | [10],[11],[14] | |
Percentage of Net Assets | (0.01%) | [7],[8],[13] | (0.01%) | [10],[11],[14] | |
Investment, Identifier [Axis]: Surewerx Purchaser III, Inc. 1 | |||||
Variable interest rate | 6.75% | [6],[8],[15],[20] | 6.75% | [9],[11],[16],[19] | |
Interest Rate | 11.65% | [3],[6],[8],[15],[20] | 11.30% | [9],[11],[12],[16],[19] | |
Par Amount | $ 2,084 | [6],[8],[15],[20] | $ 6,656 | [9],[11],[16],[19] | |
Cost | 2,023 | [1],[6],[8],[15],[20] | 6,456 | [4],[9],[11],[16],[19] | |
Fair Value | $ 2,045 | [6],[8],[15],[20] | $ 6,456 | [9],[11],[16],[19] | |
Percentage of Net Assets | 0.40% | [6],[8],[15],[20] | 1.25% | [9],[11],[16],[19] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 428 | $ 1,368 | |||
Fair Value | $ (8) | $ (27) | |||
Investment, Identifier [Axis]: Surewerx Purchaser III, Inc. 2 | |||||
Variable interest rate | 6.75% | [8],[13],[15],[20] | 6.75% | [11],[14],[16],[19] | |
Interest Rate | 11.65% | [3],[8],[13],[15],[20] | 11.30% | [11],[12],[14],[16],[19] | |
Par Amount | $ 0 | [8],[13],[15],[20] | $ 0 | [11],[14],[16],[19] | |
Cost | (8) | [1],[8],[13],[15],[20] | (27) | [4],[11],[14],[16],[19] | |
Fair Value | $ (8) | [8],[13],[15],[20] | $ (27) | [11],[14],[16],[19] | |
Percentage of Net Assets | 0% | [8],[13],[15],[20] | (0.01%) | [11],[14],[16],[19] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 405 | $ 638 | |||
Fair Value | $ (8) | $ (19) | |||
Investment, Identifier [Axis]: Surewerx Purchaser III, Inc. 3 | |||||
Variable interest rate | 6.75% | [8],[13],[15],[20] | 6.75% | [11],[14],[16],[19] | |
Interest Rate | 11.65% | [3],[8],[13],[15],[20] | 11.30% | [11],[12],[14],[16],[19] | |
Par Amount | $ 0 | [8],[13],[15],[20] | $ 91 | [11],[14],[16],[19] | |
Cost | (12) | [1],[8],[13],[15],[20] | 69 | [4],[11],[14],[16],[19] | |
Fair Value | $ (8) | [8],[13],[15],[20] | $ 69 | [11],[14],[16],[19] | |
Percentage of Net Assets | 0% | [8],[13],[15],[20] | 0.01% | [11],[14],[16],[19] | |
Investment, Identifier [Axis]: Surewerx Topco, LP | |||||
Par Amount, Shares (in shares) | 195 | [8],[17],[20] | 195 | [11],[18],[19] | |
Cost | $ 194 | [1],[8],[17],[20] | $ 195 | [4],[11],[18],[19] | |
Fair Value | $ 194 | [8],[17],[20] | $ 194 | [11],[18],[19] | |
Percentage of Net Assets | 0.04% | [8],[17],[20] | 0.04% | [11],[18],[19] | |
Investment, Identifier [Axis]: Suveto 1 | |||||
Variable interest rate | 5% | [6],[8],[13],[15] | 5% | [9],[11],[14],[16] | |
Interest Rate | 9.84% | [3],[6],[8],[13],[15] | 9.38% | [9],[11],[12],[14],[16] | |
Par Amount | $ 4,858 | [6],[8],[13],[15] | $ 4,731 | [9],[11],[14],[16] | |
Cost | 4,815 | [1],[6],[8],[13],[15] | 4,686 | [4],[9],[11],[14],[16] | |
Fair Value | $ 4,612 | [6],[8],[13],[15] | $ 4,483 | [9],[11],[14],[16] | |
Percentage of Net Assets | 0.89% | [6],[8],[13],[15] | 0.87% | [9],[11],[14],[16] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 2,028 | $ 2,178 | |||
Fair Value | $ (72) | $ (78) | |||
Investment, Identifier [Axis]: Suveto 2 | |||||
Variable interest rate | 5% | [8],[13],[15] | 5% | [11],[14],[16] | |
Interest Rate | 9.84% | [3],[8],[13],[15] | 9.38% | [11],[12],[14],[16] | |
Par Amount | $ 243 | [8],[13],[15] | $ 347 | [11],[14],[16] | |
Cost | 236 | [1],[8],[13],[15] | 340 | [4],[11],[14],[16] | |
Fair Value | $ 223 | [8],[13],[15] | $ 327 | [11],[14],[16] | |
Percentage of Net Assets | 0.04% | [8],[13],[15] | 0.06% | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 312 | $ 208 | |||
Fair Value | $ (11) | $ (8) | |||
Investment, Identifier [Axis]: Suveto Buyer, LLC | |||||
Par Amount, Shares (in shares) | 3,000 | [8],[17],[20] | 3,000 | [11],[18],[19] | |
Cost | $ 300 | [1],[8],[17],[20] | $ 300 | [4],[11],[18],[19] | |
Fair Value | $ 367 | [8],[17],[20] | $ 346 | [11],[18],[19] | |
Percentage of Net Assets | 0.07% | [8],[17],[20] | 0.07% | [11],[18],[19] | |
Investment, Identifier [Axis]: Sweep Purchaser, LLC 1 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.75% | [9],[10],[11] | |
Interest Rate | 10.91% | [3],[6],[7],[8] | 10.47% | [9],[10],[11],[12] | |
Par Amount | $ 2,894 | [6],[7],[8] | $ 2,901 | [9],[10],[11] | |
Cost | 2,856 | [1],[6],[7],[8] | 2,861 | [4],[9],[10],[11] | |
Fair Value | $ 2,764 | [6],[7],[8] | $ 2,746 | [9],[10],[11] | |
Percentage of Net Assets | 0.54% | [6],[7],[8] | 0.53% | [9],[10],[11] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 91 | $ 91 | |||
Fair Value | $ (4) | $ (5) | |||
Investment, Identifier [Axis]: Sweep Purchaser, LLC 2 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.75% | [9],[10],[11],[14] | |
Interest Rate | 10.91% | [3],[6],[7],[8] | 10.47% | [9],[10],[11],[12],[14] | |
Par Amount | $ 1,656 | [6],[7],[8] | $ 1,978 | [9],[10],[11],[14] | |
Cost | 1,633 | [1],[6],[7],[8] | 1,948 | [4],[9],[10],[11],[14] | |
Fair Value | $ 1,582 | [6],[7],[8] | $ 1,867 | [9],[10],[11],[14] | |
Percentage of Net Assets | 0.31% | [6],[7],[8] | 0.36% | [9],[10],[11],[14] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 216 | $ 384 | |||
Fair Value | $ (10) | $ (21) | |||
Investment, Identifier [Axis]: Sweep Purchaser, LLC 3 | |||||
Variable interest rate | 5.75% | [6],[7],[8],[13] | 5.75% | [10],[11],[14] | |
Interest Rate | 10.91% | [3],[6],[7],[8],[13] | 10.47% | [10],[11],[12],[14] | |
Par Amount | $ 318 | [6],[7],[8],[13] | $ 84 | [10],[11],[14] | |
Cost | 311 | [1],[6],[7],[8],[13] | 78 | [4],[10],[11],[14] | |
Fair Value | $ 299 | [6],[7],[8],[13] | $ 59 | [10],[11],[14] | |
Percentage of Net Assets | 0.06% | [6],[7],[8],[13] | 0.01% | [10],[11],[14] | |
Investment, Identifier [Axis]: Sweep Purchaser, LLC 4 | |||||
Variable interest rate | [8],[13] | 4.75% | |||
Interest Rate | [3],[8],[13] | 12.75% | |||
Par Amount | [8],[13] | $ 253 | |||
Cost | [1],[8],[13] | 247 | |||
Fair Value | [8],[13] | $ 232 | |||
Percentage of Net Assets | [8],[13] | 0.04% | |||
Investment, Identifier [Axis]: Syntax Systems Ltd 1 | |||||
Variable interest rate | 5.75% | [6],[8],[15] | 5.50% | [9],[11],[16],[19] | |
Interest Rate | 10.59% | [3],[6],[8],[15] | 10.13% | [9],[11],[12],[16],[19] | |
Par Amount | $ 15,155 | [6],[8],[15] | $ 15,194 | [9],[11],[16],[19] | |
Cost | 15,029 | [1],[6],[8],[15] | 15,062 | [4],[9],[11],[16],[19] | |
Fair Value | $ 14,481 | [6],[8],[15] | $ 14,366 | [9],[11],[16],[19] | |
Percentage of Net Assets | 2.81% | [6],[8],[15] | 2.78% | [9],[11],[16],[19] | |
Unused Fee Rate | 1% | 1% | |||
Unfunded commitments | $ 4,010 | $ 4,010 | |||
Fair Value | $ (179) | $ (219) | |||
Investment, Identifier [Axis]: Syntax Systems Ltd 2 | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.50% | [11],[14],[16],[19] | |
Interest Rate | 10.59% | [3],[8],[13],[15] | 10.13% | [11],[12],[14],[16],[19] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16],[19] | |
Cost | (32) | [1],[8],[13],[15] | (33) | [4],[11],[14],[16],[19] | |
Fair Value | $ (178) | [8],[13],[15] | $ (219) | [11],[14],[16],[19] | |
Percentage of Net Assets | (0.03%) | [8],[13],[15] | (0.04%) | [11],[14],[16],[19] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 535 | $ 535 | |||
Fair Value | $ (24) | $ (29) | |||
Investment, Identifier [Axis]: Syntax Systems Ltd 3 | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.75% | [11],[14],[16],[19] | |
Interest Rate | 10.59% | [3],[8],[13],[15] | 10.13% | [11],[12],[14],[16],[19] | |
Par Amount | $ 1,069 | [8],[13],[15] | $ 1,069 | [11],[14],[16],[19] | |
Cost | 1,058 | [1],[8],[13],[15] | 1,057 | [4],[11],[14],[16],[19] | |
Fair Value | $ 998 | [8],[13],[15] | $ 982 | [11],[14],[16],[19] | |
Percentage of Net Assets | 0.19% | [8],[13],[15] | 0.19% | [11],[14],[16],[19] | |
Investment, Identifier [Axis]: Tamarack Intermediate, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 752 | $ 809 | |||
Fair Value | $ (38) | $ (36) | |||
Investment, Identifier [Axis]: Tamarack Intermediate, LLC 1 | |||||
Variable interest rate | 5.50% | [6],[8] | 5.75% | [9],[11],[16] | |
Interest Rate | 10.76% | [3],[6],[8] | 9.23% | [9],[11],[12],[16] | |
Par Amount | $ 5,459 | [6],[8] | $ 5,473 | [9],[11],[16] | |
Cost | 5,365 | [1],[6],[8] | 5,375 | [4],[9],[11],[16] | |
Fair Value | $ 5,183 | [6],[8] | $ 5,232 | [9],[11],[16] | |
Percentage of Net Assets | 1% | [6],[8] | 1.01% | [9],[11],[16] | |
Investment, Identifier [Axis]: Tamarack Intermediate, LLC 2 | |||||
Variable interest rate | 5.50% | [8],[13] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.58% | [3],[8],[13] | 9.23% | [11],[12],[14],[16] | |
Par Amount | $ 149 | [8],[13] | $ 91 | [11],[14],[16] | |
Cost | 134 | [1],[8],[13] | 76 | [4],[11],[14],[16] | |
Fair Value | $ 103 | [8],[13] | $ 52 | [11],[14],[16] | |
Percentage of Net Assets | 0.02% | [8],[13] | 0.01% | [11],[14],[16] | |
Investment, Identifier [Axis]: Teasdale Foods, Inc. (Teasdale Latin Foods) | |||||
Variable interest rate | 7.25% | [6],[8] | 7.25% | [9],[10],[11] | |
Interest rate, PIK | 1% | [6],[8] | 1% | [9],[10],[11] | |
Interest Rate | 12.29% | [3],[6],[8] | 12.29% | [9],[10],[11],[12] | |
Par Amount | $ 3,613 | [6],[8] | $ 3,604 | [9],[10],[11] | |
Cost | 3,571 | [1],[6],[8] | 3,558 | [4],[9],[10],[11] | |
Fair Value | $ 3,052 | [6],[8] | $ 3,006 | [9],[10],[11] | |
Percentage of Net Assets | 0.59% | [6],[8] | 0.58% | [9],[10],[11] | |
Investment, Identifier [Axis]: Thrive Buyer, Inc. (Thrive Networks) | |||||
Unused Fee Rate | 0.38% | 0.50% | |||
Unfunded commitments | $ 453 | $ 589 | |||
Fair Value | $ (8) | $ (14) | |||
Investment, Identifier [Axis]: Thrive Buyer, Inc. (Thrive Networks) 1 | |||||
Variable interest rate | 6% | [6],[7],[8] | 6% | [9],[10],[11] | |
Interest Rate | 11.16% | [3],[6],[7],[8] | 10.73% | [9],[10],[11],[12] | |
Par Amount | $ 7,226 | [6],[7],[8] | $ 7,244 | [9],[10],[11] | |
Cost | 7,124 | [1],[6],[7],[8] | 7,137 | [4],[9],[10],[11] | |
Fair Value | $ 7,106 | [6],[7],[8] | $ 7,067 | [9],[10],[11] | |
Percentage of Net Assets | 1.38% | [6],[7],[8] | 1.37% | [9],[10],[11] | |
Investment, Identifier [Axis]: Thrive Buyer, Inc. (Thrive Networks) 2 | |||||
Variable interest rate | 6% | [6],[7],[8] | 6% | [9],[10],[11] | |
Interest Rate | 11.16% | [3],[6],[7],[8] | 10.73% | [9],[10],[11],[12] | |
Par Amount | $ 6,431 | [6],[7],[8] | $ 6,447 | [9],[10],[11] | |
Cost | 6,338 | [1],[6],[7],[8] | 6,347 | [4],[9],[10],[11] | |
Fair Value | $ 6,324 | [6],[7],[8] | $ 6,290 | [9],[10],[11] | |
Percentage of Net Assets | 1.23% | [6],[7],[8] | 1.22% | [9],[10],[11] | |
Investment, Identifier [Axis]: Thrive Buyer, Inc. (Thrive Networks) 3 | |||||
Variable interest rate | 5% | [8],[13] | 5% | [10],[11],[14] | |
Interest Rate | 13% | [3],[8],[13] | 12.50% | [10],[11],[12],[14] | |
Par Amount | $ 227 | [8],[13] | $ 91 | [10],[11],[14] | |
Cost | 217 | [1],[8],[13] | 81 | [4],[10],[11],[14] | |
Fair Value | $ 215 | [8],[13] | $ 74 | [10],[11],[14] | |
Percentage of Net Assets | 0.04% | [8],[13] | 0.01% | [10],[11],[14] | |
Investment, Identifier [Axis]: Triple Lift, Inc. | |||||
Unused Fee Rate | 0.25% | 0.25% | |||
Unfunded commitments | $ 1,057 | $ 1,057 | |||
Fair Value | $ (38) | $ (54) | |||
Investment, Identifier [Axis]: Triple Lift, Inc. 1 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 10.44% | [3],[6],[8],[15] | 10.12% | [9],[11],[12],[16] | |
Par Amount | $ 11,790 | [6],[8],[15] | $ 11,820 | [9],[11],[16] | |
Cost | 11,607 | [1],[6],[8],[15] | 11,629 | [4],[9],[11],[16] | |
Fair Value | $ 11,366 | [6],[8],[15] | $ 11,213 | [9],[11],[16] | |
Percentage of Net Assets | 2.20% | [6],[8],[15] | 2.17% | [9],[11],[16] | |
Investment, Identifier [Axis]: Triple Lift, Inc. 2 | |||||
Variable interest rate | 5.25% | [8],[13],[15] | 5.25% | [11],[14],[16] | |
Interest Rate | 9.58% | [3],[8],[13],[15] | 10.12% | [11],[12],[14],[16] | |
Par Amount | $ 657 | [8],[13],[15] | $ 657 | [11],[14],[16] | |
Cost | 632 | [1],[8],[13],[15] | 631 | [4],[11],[14],[16] | |
Fair Value | $ 595 | [8],[13],[15] | $ 569 | [11],[14],[16] | |
Percentage of Net Assets | 0.12% | [8],[13],[15] | 0.11% | [11],[14],[16] | |
Investment, Identifier [Axis]: Trunk Acquisition, Inc. | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 429 | $ 429 | |||
Fair Value | $ (16) | $ (20) | |||
Investment, Identifier [Axis]: Trunk Acquisition, Inc. 1 | |||||
Variable interest rate | 5.25% | [6],[8],[15] | 5.50% | [9],[10],[11] | |
Interest Rate | 13.25% | [3],[6],[8],[15] | 10.23% | [9],[10],[11],[12] | |
Par Amount | $ 4,514 | [6],[8],[15] | $ 4,526 | [9],[10],[11] | |
Cost | 4,479 | [1],[6],[8],[15] | 4,488 | [4],[9],[10],[11] | |
Fair Value | $ 4,346 | [6],[8],[15] | $ 4,319 | [9],[10],[11] | |
Percentage of Net Assets | 0.84% | [6],[8],[15] | 0.84% | [9],[10],[11] | |
Investment, Identifier [Axis]: Trunk Acquisition, Inc. 2 | |||||
Variable interest rate | 5.50% | [8],[13],[15] | 5.50% | [10],[11],[14] | |
Interest Rate | 10.66% | [3],[8],[13],[15] | 10.23% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [10],[11],[14] | |
Cost | (3) | [1],[8],[13],[15] | (3) | [4],[10],[11],[14] | |
Fair Value | $ (16) | [8],[13],[15] | $ (20) | [10],[11],[14] | |
Percentage of Net Assets | 0% | [8],[13],[15] | 0% | [10],[11],[14] | |
Investment, Identifier [Axis]: Turbo Buyer, Inc. 1 | |||||
Variable interest rate | 6% | [6],[7],[8] | 6% | [9],[10],[11] | |
Interest Rate | 11.15% | [3],[6],[7],[8] | 11.15% | [9],[10],[11],[12] | |
Par Amount | $ 16,219 | [6],[7],[8] | $ 16,260 | [9],[10],[11] | |
Cost | 16,012 | [1],[6],[7],[8] | 16,036 | [4],[9],[10],[11] | |
Fair Value | $ 15,754 | [6],[7],[8] | $ 15,675 | [9],[10],[11] | |
Percentage of Net Assets | 3.05% | [6],[7],[8] | 3.04% | [9],[10],[11] | |
Investment, Identifier [Axis]: Turbo Buyer, Inc. 2 | |||||
Variable interest rate | 6% | [6],[7],[8] | 6% | [9],[10],[11] | |
Interest Rate | 11.15% | [3],[6],[7],[8] | 11.15% | [9],[10],[11],[12] | |
Par Amount | $ 1,485 | [6],[7],[8] | $ 1,488 | [9],[10],[11] | |
Cost | 1,463 | [1],[6],[7],[8] | 1,465 | [4],[9],[10],[11] | |
Fair Value | $ 1,442 | [6],[7],[8] | $ 1,435 | [9],[10],[11] | |
Percentage of Net Assets | 0.28% | [6],[7],[8] | 0.28% | [9],[10],[11] | |
Investment, Identifier [Axis]: Two Six Labs, LLC 1 | |||||
Variable interest rate | 5.50% | [6],[8],[15] | 5.50% | [9],[11],[16] | |
Interest Rate | 10.40% | [3],[6],[8],[15] | 10.08% | [9],[11],[12],[16] | |
Par Amount | $ 4,685 | [6],[8],[15] | $ 4,697 | [9],[11],[16] | |
Cost | 4,612 | [1],[6],[8],[15] | 4,621 | [4],[9],[11],[16] | |
Fair Value | $ 4,583 | [6],[8],[15] | $ 4,583 | [9],[11],[16] | |
Percentage of Net Assets | 0.89% | [6],[8],[15] | 0.89% | [9],[11],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 915 | $ 915 | |||
Fair Value | $ (20) | $ (22) | |||
Investment, Identifier [Axis]: Two Six Labs, LLC 2 | |||||
Variable interest rate | 5.50% | [8],[13],[15] | 5.50% | [11],[14],[16] | |
Interest Rate | 10.40% | [3],[8],[13],[15] | 10.08% | [11],[12],[14],[16] | |
Par Amount | $ 905 | [8],[13],[15] | $ 908 | [11],[14],[16] | |
Cost | 884 | [1],[8],[13],[15] | 886 | [4],[11],[14],[16] | |
Fair Value | $ 866 | [8],[13],[15] | $ 864 | [11],[14],[16] | |
Percentage of Net Assets | 0.17% | [8],[13],[15] | 0.17% | [11],[14],[16] | |
Unused Fee Rate | 0.50% | 1% | |||
Unfunded commitments | $ 915 | $ 915 | |||
Fair Value | $ (20) | $ (22) | |||
Investment, Identifier [Axis]: Two Six Labs, LLC 3 | |||||
Variable interest rate | 5.50% | [8],[13],[15] | 5.50% | [11],[14],[16] | |
Interest Rate | 10.40% | [3],[8],[13],[15] | 10.08% | [11],[12],[14],[16] | |
Par Amount | $ 0 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | (14) | [1],[8],[13],[15] | (14) | [4],[11],[14],[16] | |
Fair Value | $ (20) | [8],[13],[15] | $ (22) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: UpStack, Inc. | |||||
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 375 | ||||
Fair Value | $ (11) | ||||
Investment, Identifier [Axis]: UpStack, Inc. 1 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.75% | [9],[10],[11] | |
Interest Rate | 10.90% | [3],[6],[7],[8] | 10.32% | [9],[10],[11],[12] | |
Par Amount | $ 4,169 | [6],[7],[8] | $ 4,173 | [9],[10],[11] | |
Cost | 4,088 | [1],[6],[7],[8] | 4,088 | [4],[9],[10],[11] | |
Fair Value | $ 4,044 | [6],[7],[8] | $ 4,048 | [9],[10],[11] | |
Percentage of Net Assets | 0.78% | [6],[7],[8] | 0.78% | [9],[10],[11] | |
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 450 | ||||
Fair Value | $ (14) | ||||
Investment, Identifier [Axis]: UpStack, Inc. 2 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.75% | [9],[10],[11],[14] | |
Interest Rate | 10.91% | [3],[6],[7],[8] | 10.32% | [9],[10],[11],[12],[14] | |
Par Amount | $ 1,857 | [6],[7],[8] | $ 1,411 | [9],[10],[11],[14] | |
Cost | 1,822 | [1],[6],[7],[8] | 1,374 | [4],[9],[10],[11],[14] | |
Fair Value | $ 1,801 | [6],[7],[8] | $ 1,355 | [9],[10],[11],[14] | |
Percentage of Net Assets | 0.35% | [6],[7],[8] | 0.26% | [9],[10],[11],[14] | |
Unused Fee Rate | 0.50% | ||||
Unfunded commitments | $ 375 | ||||
Fair Value | $ (11) | ||||
Investment, Identifier [Axis]: UpStack, Inc. 3 | |||||
Variable interest rate | 5.75% | [7],[8],[13] | 5.75% | [10],[11],[14] | |
Interest Rate | 10.91% | [3],[7],[8],[13] | 10.32% | [10],[11],[12],[14] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14] | |
Cost | (7) | [1],[7],[8],[13] | (8) | [4],[10],[11],[14] | |
Fair Value | $ (11) | [7],[8],[13] | $ (11) | [10],[11],[14] | |
Percentage of Net Assets | 0% | [7],[8],[13] | 0% | [10],[11],[14] | |
Investment, Identifier [Axis]: V Global Holdings, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 178 | $ 210 | |||
Fair Value | $ (7) | $ (10) | |||
Investment, Identifier [Axis]: V Global Holdings, LLC 1 | |||||
Variable interest rate | 5.75% | [6],[8],[15] | 5.75% | [9],[11],[16] | |
Interest Rate | 10.87% | [3],[6],[8],[15] | 8.99% | [9],[11],[12],[16] | |
Par Amount | $ 1,528 | [6],[8],[15] | $ 1,532 | [9],[11],[16] | |
Cost | 1,502 | [1],[6],[8],[15] | 1,504 | [4],[9],[11],[16] | |
Fair Value | $ 1,466 | [6],[8],[15] | $ 1,456 | [9],[11],[16] | |
Percentage of Net Assets | 0.28% | [6],[8],[15] | 0.28% | [9],[11],[16] | |
Investment, Identifier [Axis]: V Global Holdings, LLC 2 | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 5.75% | [11],[14],[16] | |
Interest Rate | 10.87% | [3],[8],[13],[15] | 8.99% | [11],[12],[14],[16] | |
Par Amount | $ 32 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | 29 | [1],[8],[13],[15] | (3) | [4],[11],[14],[16] | |
Fair Value | $ 24 | [8],[13],[15] | $ (11) | [11],[14],[16] | |
Percentage of Net Assets | 0% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: VRC Companies, LLC 1 | |||||
Variable interest rate | 5.75% | [6],[8],[15] | 5.53% | [9],[11],[16] | |
Interest Rate | 10.65% | [3],[6],[8],[15] | 10.43% | [9],[11],[12],[16] | |
Par Amount | $ 24,390 | [6],[8],[15] | $ 23,317 | [9],[11],[16] | |
Cost | 24,114 | [1],[6],[8],[15] | 23,036 | [4],[9],[11],[16] | |
Fair Value | $ 23,743 | [6],[8],[15] | $ 22,501 | [9],[11],[16] | |
Percentage of Net Assets | 4.60% | [6],[8],[15] | 4.36% | [9],[11],[16] | |
Unused Fee Rate | 0.75% | 0.75% | |||
Unfunded commitments | $ 322 | $ 1,917 | |||
Fair Value | $ (9) | $ (67) | |||
Investment, Identifier [Axis]: VRC Companies, LLC 2 | |||||
Variable interest rate | 5.75% | [6],[8],[15] | 5.75% | [9],[11],[16] | |
Interest Rate | 10.57% | [3],[6],[8],[15] | 8.52% | [9],[11],[12],[16] | |
Par Amount | $ 2,380 | [6],[8],[15] | $ 4,493 | [9],[11],[16] | |
Cost | 2,348 | [1],[6],[8],[15] | 4,412 | [4],[9],[11],[16] | |
Fair Value | $ 2,317 | [6],[8],[15] | $ 4,269 | [9],[11],[16] | |
Percentage of Net Assets | 0.45% | [6],[8],[15] | 0.83% | [9],[11],[16] | |
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 708 | $ 708 | |||
Fair Value | $ (19) | $ (25) | |||
Investment, Identifier [Axis]: VRC Companies, LLC 3 | |||||
Variable interest rate | 5.75% | [8],[13],[15] | 4.50% | [11],[14],[16] | |
Interest Rate | 10.64% | [3],[8],[13],[15] | 12.25% | [11],[12],[14],[16] | |
Par Amount | $ 2,566 | [8],[13],[15] | $ 0 | [11],[14],[16] | |
Cost | 2,529 | [1],[8],[13],[15] | (8) | [4],[11],[14],[16] | |
Fair Value | $ 2,489 | [8],[13],[15] | $ (25) | [11],[14],[16] | |
Percentage of Net Assets | 0.48% | [8],[13],[15] | 0% | [11],[14],[16] | |
Investment, Identifier [Axis]: VRC Companies, LLC 4 | |||||
Variable interest rate | [8],[13],[15] | 5.75% | |||
Interest Rate | [3],[8],[13],[15] | 10.64% | |||
Par Amount | [8],[13],[15] | $ 0 | |||
Cost | [1],[8],[13],[15] | (8) | |||
Fair Value | [8],[13],[15] | $ (19) | |||
Percentage of Net Assets | [8],[13],[15] | 0% | |||
Investment, Identifier [Axis]: Valcourt Holdings II, LLC | |||||
Unused Fee Rate | 1% | ||||
Unfunded commitments | $ 374 | ||||
Fair Value | $ (4) | ||||
Investment, Identifier [Axis]: Valcourt Holdings II, LLC 1 | |||||
Variable interest rate | 5.25% | [6],[7],[8] | 5.25% | [9],[10],[11] | |
Interest Rate | 10.30% | [3],[6],[7],[8] | 9.98% | [9],[10],[11],[12] | |
Par Amount | $ 12,604 | [6],[7],[8] | $ 12,637 | [9],[10],[11] | |
Cost | 12,432 | [1],[6],[7],[8] | 12,455 | [4],[9],[10],[11] | |
Fair Value | $ 12,510 | [6],[7],[8] | $ 12,488 | [9],[10],[11] | |
Percentage of Net Assets | 2.42% | [6],[7],[8] | 2.42% | [9],[10],[11] | |
Investment, Identifier [Axis]: Valcourt Holdings II, LLC 2 | |||||
Variable interest rate | 5.25% | [7],[8] | 5.25% | [10],[11],[14] | |
Interest Rate | 10.30% | [3],[7],[8] | 9.98% | [10],[11],[12],[14] | |
Par Amount | $ 2,281 | [7],[8] | $ 1,913 | [10],[11],[14] | |
Cost | 2,251 | [1],[7],[8] | 1,881 | [4],[10],[11],[14] | |
Fair Value | $ 2,263 | [7],[8] | $ 1,886 | [10],[11],[14] | |
Percentage of Net Assets | 0.44% | [7],[8] | 0.37% | [10],[11],[14] | |
Investment, Identifier [Axis]: Vardiman Black Holdings, LLC | |||||
Unused Fee Rate | 1.25% | 1.25% | |||
Unfunded commitments | $ 41 | $ 95 | |||
Fair Value | $ (2) | $ (5) | |||
Investment, Identifier [Axis]: Vardiman Black Holdings, LLC 1 | |||||
Variable interest rate | 7% | [8] | 7% | [9],[11],[24] | |
Interest Rate | 11.77% | [3],[8] | 11.22% | [9],[11],[12],[24] | |
Par Amount | $ 2,269 | [8] | $ 2,274 | [9],[11],[24] | |
Cost | 2,250 | [1],[8] | 2,255 | [4],[9],[11],[24] | |
Fair Value | $ 2,176 | [8] | $ 2,151 | [9],[11],[24] | |
Percentage of Net Assets | 0.42% | [8] | 0.42% | [9],[11],[24] | |
Investment, Identifier [Axis]: Vardiman Black Holdings, LLC 2 | |||||
Variable interest rate | 7% | [8],[13] | 7% | [11],[14] | |
Interest Rate | 11.61% | [3],[8],[13] | 11.22% | [11],[12],[14] | |
Par Amount | $ 2,652 | [8],[13] | $ 2,605 | [11],[14] | |
Cost | 2,629 | [1],[8],[13] | 2,581 | [4],[11],[14] | |
Fair Value | $ 2,543 | [8],[13] | $ 2,458 | [11],[14] | |
Percentage of Net Assets | 0.49% | [8],[13] | 0.48% | [11],[14] | |
Investment, Identifier [Axis]: Vermont Aus Pty Ltd | |||||
Variable interest rate | 5.50% | [6],[8],[15],[20] | 5.65% | [9],[11],[16],[19] | |
Interest Rate | 10.55% | [3],[6],[8],[15],[20] | 10.23% | [9],[11],[12],[16],[19] | |
Par Amount | $ 495 | [6],[8],[15],[20] | $ 496 | [9],[11],[16],[19] | |
Cost | 484 | [1],[6],[8],[15],[20] | 485 | [4],[9],[11],[16],[19] | |
Fair Value | $ 473 | [6],[8],[15],[20] | $ 466 | [9],[11],[16],[19] | |
Percentage of Net Assets | 0.09% | [6],[8],[15],[20] | 0.09% | [9],[11],[16],[19] | |
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 537 | $ 537 | |||
Fair Value | $ (6) | $ (7) | |||
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC 1 | |||||
Variable interest rate | 4.50% | [6],[7],[8] | 4.50% | [9],[10],[11] | |
Interest Rate | 9.34% | [3],[6],[7],[8] | 8.88% | [9],[10],[11],[12] | |
Par Amount | $ 5,402 | [6],[7],[8] | $ 5,429 | [9],[10],[11] | |
Cost | 5,367 | [1],[6],[7],[8] | 5,393 | [4],[9],[10],[11] | |
Fair Value | $ 5,342 | [6],[7],[8] | $ 5,358 | [9],[10],[11] | |
Percentage of Net Assets | 1.03% | [6],[7],[8] | 1.04% | [9],[10],[11] | |
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC 2 | |||||
Variable interest rate | 4.50% | [6],[7],[8] | 4.50% | [9],[10],[11] | |
Interest Rate | 9.66% | [3],[6],[7],[8] | 8.88% | [9],[10],[11],[12] | |
Par Amount | $ 2,928 | [6],[7],[8] | $ 3,537 | [9],[10],[11] | |
Cost | 2,911 | [1],[6],[7],[8] | 3,514 | [4],[9],[10],[11] | |
Fair Value | $ 2,896 | [6],[7],[8] | $ 3,491 | [9],[10],[11] | |
Percentage of Net Assets | 0.56% | [6],[7],[8] | 0.68% | [9],[10],[11] | |
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC 3 | |||||
Variable interest rate | 4.50% | [7],[8] | 3.50% | [10],[11],[14] | |
Interest Rate | 9.51% | [3],[7],[8] | 11% | [10],[11],[12],[14] | |
Par Amount | $ 591 | [7],[8] | $ 358 | [10],[11],[14] | |
Cost | 588 | [1],[7],[8] | 352 | [4],[10],[11],[14] | |
Fair Value | $ 585 | [7],[8] | $ 346 | [10],[11],[14] | |
Percentage of Net Assets | 0.11% | [7],[8] | 0.07% | [10],[11],[14] | |
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC 4 | |||||
Variable interest rate | [8],[13] | 3.50% | |||
Interest Rate | [3],[8],[13] | 11.50% | |||
Par Amount | [8],[13] | $ 358 | |||
Cost | [1],[8],[13] | 353 | |||
Fair Value | [8],[13] | $ 348 | |||
Percentage of Net Assets | [8],[13] | 0.07% | |||
Investment, Identifier [Axis]: World Insurance Associates, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 340 | $ 340 | |||
Fair Value | $ (8) | $ (11) | |||
Investment, Identifier [Axis]: World Insurance Associates, LLC 1 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.75% | [9],[10],[11] | |
Interest Rate | 10.65% | [3],[6],[7],[8] | 10.33% | [9],[10],[11],[12] | |
Par Amount | $ 14,905 | [6],[7],[8] | $ 14,934 | [9],[10],[11] | |
Cost | 14,646 | [1],[6],[7],[8] | 14,657 | [4],[9],[10],[11] | |
Fair Value | $ 14,547 | [6],[7],[8] | $ 14,467 | [9],[10],[11] | |
Percentage of Net Assets | 2.82% | [6],[7],[8] | 2.80% | [9],[10],[11] | |
Investment, Identifier [Axis]: World Insurance Associates, LLC 2 | |||||
Variable interest rate | 5.75% | [6],[7],[8] | 5.75% | [9],[10],[11] | |
Interest Rate | 10.65% | [3],[6],[7],[8] | 10.33% | [9],[10],[11],[12] | |
Par Amount | $ 11,623 | [6],[7],[8] | $ 11,653 | [9],[10],[11] | |
Cost | 11,453 | [1],[6],[7],[8] | 11,470 | [4],[9],[10],[11] | |
Fair Value | $ 11,344 | [6],[7],[8] | $ 11,288 | [9],[10],[11] | |
Percentage of Net Assets | 2.20% | [6],[7],[8] | 2.19% | [9],[10],[11] | |
Investment, Identifier [Axis]: World Insurance Associates, LLC 3 | |||||
Variable interest rate | 5.75% | [7],[8],[13] | 5.75% | [10],[11],[14] | |
Interest Rate | 10.65% | [3],[7],[8],[13] | 10.33% | [10],[11],[12],[14] | |
Par Amount | $ 631 | [7],[8],[13] | $ 631 | [10],[11],[14] | |
Cost | 619 | [1],[7],[8],[13] | 618 | [4],[10],[11],[14] | |
Fair Value | $ 607 | [7],[8],[13] | $ 600 | [10],[11],[14] | |
Percentage of Net Assets | 0.12% | [7],[8],[13] | 0.12% | [10],[11],[14] | |
Investment, Identifier [Axis]: Zarya Intermediate, LLC | |||||
Unused Fee Rate | 0.50% | 0.50% | |||
Unfunded commitments | $ 983 | $ 983 | |||
Fair Value | $ 0 | $ (2) | |||
Investment, Identifier [Axis]: Zarya Intermediate, LLC 1 | |||||
Variable interest rate | 6.50% | [6],[7],[8],[20] | 6.50% | [9],[10],[11],[19] | |
Interest Rate | 11.31% | [3],[6],[7],[8],[20] | 10.90% | [9],[10],[11],[12],[19] | |
Par Amount | $ 9,533 | [6],[7],[8],[20] | $ 9,533 | [9],[10],[11],[19] | |
Cost | 9,533 | [1],[6],[7],[8],[20] | 9,533 | [4],[9],[10],[11],[19] | |
Fair Value | $ 9,532 | [6],[7],[8],[20] | $ 9,516 | [9],[10],[11],[19] | |
Percentage of Net Assets | 1.85% | [6],[7],[8],[20] | 1.84% | [9],[10],[11],[19] | |
Investment, Identifier [Axis]: Zarya Intermediate, LLC 2 | |||||
Variable interest rate | 6.50% | [7],[8],[13] | 6.50% | [10],[11],[14],[19] | |
Interest Rate | 11.31% | [3],[7],[8],[13] | 10.90% | [10],[11],[12],[14],[19] | |
Par Amount | $ 0 | [7],[8],[13] | $ 0 | [10],[11],[14],[19] | |
Cost | 0 | [1],[7],[8],[13] | 0 | [4],[10],[11],[14],[19] | |
Fair Value | $ 0 | [7],[8],[13] | $ (2) | [10],[11],[14],[19] | |
Percentage of Net Assets | [7],[8],[13] | 0% | [10],[11],[14],[19] | ||
Investment, Identifier [Axis]: iCIMS, Inc. | |||||
Variable interest rate | 7.25% | [6],[8],[15] | 7.25% | [9],[11],[16] | |
Interest rate, PIK | [9],[11],[16] | 3.875% | |||
Interest Rate | 12.05% | [3],[6],[8],[15] | 11.52% | [9],[11],[12],[16] | |
Par Amount | $ 1,433 | [6],[8],[15] | $ 1,433 | [9],[11],[16] | |
Cost | 1,409 | [1],[6],[8],[15] | 1,408 | [4],[9],[11],[16] | |
Fair Value | $ 1,417 | [6],[8],[15] | $ 1,408 | [9],[11],[16] | |
Percentage of Net Assets | 0.27% | [6],[8],[15] | 0.27% | [9],[11],[16] | |
[1]The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.[2]Unless otherwise indicated, issuers of debt and equity investments held by the Company (which such term “Company” shall include the Company’s consolidated subsidiaries for purposes of this Consolidated Schedule of Investments) are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “1940 Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of March 31, 2023, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of March 31, 2023, the Company is not an “affiliated person” of any of its portfolio companies.[3]Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to either LIBOR (“L” or “LIBOR”) or an alternate base rate (commonly based on the Federal Funds Rate (“F”) or the U.S. Prime Rate (“P”)), each of which generally resets periodically. For each loan, the Company has indicated the reference rate used and provided the spread and the interest rate in effect as of March 31, 2023. As of March 31, 2023, the reference rates for our variable rate loans were the 3-month E at 3.04%, 1-month L at 4.86%, 3-month L at 5.19%, the 6-month L at 5.31%, 1-month S at 4.80%, 3-month S at 4.91%, 6-month S at 4.90%, and the P at 8.00%.[4]The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.[5]Unless otherwise indicated, issuers of debt and equity investments held by the Company are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the 1940 Act, the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of December 31, 2022, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of December 31, 2022, the Company is not an “affiliated person” of any of its portfolio companies.[6]Assets or a portion thereof are pledged as collateral for the JPM Funding Facility. See Note 6 “Debt”.[7]Loan includes interest rate floor of 1.00%.[8]These investments were valued using unobservable inputs and are considered Level 3 investments. Fair value was determined in good faith by or under the direction of the Company’s Valuation Designee (the “Valuation Designee”) under the supervision of the Board of Directors (the “Board of Directors” or the “Board”) (see Note 2 and Note 5), pursuant to the Company’s valuation policy.[9]Assets or a portion thereof are pledged as collateral for the JPM Funding Facility (as defined in Note 6). See Note 6 “Debt”.[10]Loan includes interest rate floor of 1.00%.[11]These investments were valued using unobservable inputs and are considered Level 3 investments. Fair value was determined in good faith by or under the direction of the Company’s Valuation Designee, under the supervision of the Board of Directors (see Note 2 and Note 5), pursuant to the Company’s valuation policy.[12]Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to London Interbank Offered Rate (“LIBOR” or “L”), Secured Overnight Financing Rate (“SOFR” or “S”) or an alternate base rate (commonly based on the Federal Funds Rate (“F”) or the U.S. Prime Rate (“P”)), each of which generally resets periodically. For each loan, the Company has indicated the reference rate used and provided the spread and the interest rate in effect as of December 31, 2022. For investments with multiple reference rates or alternate base rates, the interest rate shown is the weighted average interest rate in effect at December 31, 2022. As of December 31, 2022, the reference rates for our LIBOR-based loans were the 3-month E at 2.13%, 1-month L at 4.39%, 3- month L at 4.77%, the 6-month L at 5.14%; the reference rates for our SOFR-based loans were the 1-month S at 4.36% , 3-month S at 4.59%, 6-month S at 4.78% and the P at 7.50%.[13]Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may earn unused commitment fees. Negative cost and fair value, if any, results from unamortized fees, which are capitalized to the cost of the investment. The unfunded loan commitment may be subject to a commitment termination date that may expire prior to the maturity date stated. See below for more information on the Company’s unfunded commitments as of March 31, 2023: Investments-non-controlled/non-affiliated Unused Fee Rate Commitment Type Commitment Expiration Date Unfunded Commitment Fair Value First Lien Debt 365 Retail Markets, LLC 0.50% Revolver 12/23/2026 $ 686 $ (10) 48Forty Solutions, LLC 0.50% Revolver 11/30/2026 1,357 (58) ARI Network Services, Inc. 0.50% Revolver 02/28/2025 545 (12) AWP Group Holdings, Inc. 0.50% Revolver 12/22/2026 1,247 (86) Abacus Data Holdings, Inc. (AbacusNext) 0.50% Revolver 03/10/2027 300 (2) Abracon Group Holdings, LLC 1.00% Delayed Draw Term Loan 07/06/2024 317 (11) Abracon Group Holdings, LLC 0.50% Revolver 07/06/2028 127 (5) Alert Media, Inc. 0.50% Revolver 04/10/2026 750 (23) Answer Acquisition, LLC 0.50% Revolver 12/30/2026 1,000 (31) Apex Service Partners, LLC 1.00% Delayed Draw Term Loan 01/06/2024 1,603 (87) Appfire Technologies, LLC 0.50% Delayed Draw Term Loan 06/13/2024 248 (7) Appfire Technologies, LLC 0.50% Revolver 03/09/2027 26 (1) Applitools, Inc. 0.50% Revolver 05/25/2028 200 (10) Investments-non-controlled/non-affiliated Unused Fee Rate Commitment Type Commitment Expiration Date Unfunded Commitment Fair Value Assembly Intermediate, LLC 1.00% Delayed Draw Term Loan 10/19/2023 $ 978 $ (35) Assembly Intermediate, LLC 0.50% Revolver 10/19/2027 533 (19) Associations, Inc. 1.00% Delayed Draw Term Loan 06/10/2024 880 (32) Associations, Inc. 0.50% Revolver 07/02/2027 797 (29) Atlas Us Finco, Inc. 0.50% Revolver 12/09/2028 78 (2) Avalara, Inc. 0.50% Revolver 10/19/2028 234 (3) Bridgepointe Technologies, LLC 0.50% Delayed Draw Term Loan 12/19/2023 3,405 (137) Bullhorn, Inc. 0.50% Revolver 09/30/2026 8 — CLEO Communications Holding, LLC 0.50% Revolver 06/09/2027 5,358 (176) Caerus US 1, Inc. 1.00% Delayed Draw Term Loan 10/31/2024 266 (5) Caerus US 1, Inc. 0.50% Revolver 05/25/2029 133 (2) Catalis Intermediate, Inc. 1.00% Delayed Draw Term Loan 08/04/2023 1,794 (214) Catalis Intermediate, Inc. 0.50% Revolver 08/04/2027 182 (22) Cerity Partners, LLC 1.00% Delayed Draw Term Loan 12/30/2023 2,553 (48) Citrin Cooperman Advisors, LLC 1.00% Delayed Draw Term Loan 05/13/2024 3,618 (98) Coupa Holdings,LLC 1.00% Delayed Draw Term Loan 08/27/2024 151 (2) Coupa Holdings,LLC 0.50% Revolver 02/27/2029 116 (3) DCA Investment Holdings, LLC 1.00% Delayed Draw Term Loan 12/28/2023 247 (8) Donuts, Inc. 0.25% Delayed Draw Term Loan 08/14/2023 1,583 (27) Dwyer Instruments, Inc. 1.00% Delayed Draw Term Loan 07/01/2024 641 (23) Dwyer Instruments, Inc. 0.50% Revolver 07/21/2027 250 (9) Encore Holdings, LLC 0.75% Delayed Draw Term Loan 11/23/2024 6,341 (131) Encore Holdings, LLC 0.50% Revolver 11/23/2027 2,695 (56) Energy Labs Holdings Corp. 1.00% Delayed Draw Term Loan 04/13/2023 47 (1) Energy Labs Holdings Corp. 0.50% Revolver 04/13/2023 51 (1) FLS Holding, Inc. 0.50% Revolver 12/17/2027 1,442 (20) FMG Suite Holdings, LLC 0.50% Revolver 10/30/2026 889 (17) FPG Intermediate Holdco, LLC 0.50% Delayed Draw Term Loan 08/05/2024 2,500 (104) Fortis Solutions Group, LLC 0.50% Delayed Draw Term Loan 06/24/2024 994 (23) Fortis Solutions Group, LLC 0.50% Revolver 10/15/2027 1,002 (23) Foundation Risk Partners Corp. 0.38% Revolver 10/29/2027 1,959 (158) GS AcquisitionCo, Inc. 0.50% Revolver 05/22/2026 907 (15) GSM Acquisition Corp. (GSM Outdoors) 0.50% Revolver 11/16/2026 1,633 (108) Galway Borrower, LLC 1.00% Delayed Draw Term Loan 09/29/2023 418 (14) Galway Borrower, LLC 0.50% Revolver 09/30/2027 400 (14) Gateway US Holdings, Inc. 1.00% Delayed Draw Term Loan 04/15/2024 6 — Gateway US Holdings, Inc. 0.50% Revolver 09/22/2026 14 — Investments-non-controlled/non-affiliated Unused Fee Rate Commitment Type Commitment Expiration Date Unfunded Commitment Fair Value GraphPad Software, LLC 0.50% Revolver 04/27/2027 $ 750 $ (18) Ground Penetrating Radar Systems, LLC 0.50% Revolver 06/26/2025 394 (8) Groundworks, LLC 1.00% Delayed Draw Term Loan 09/14/2024 27 — Groundworks, LLC 0.50% Revolver 03/14/2029 9 — Gurobi Optimization, LLC 0.50% Revolver 12/19/2023 536 — Heartland Home Services 0.75% Delayed Draw Term Loan 08/10/2023 524 (12) Heartland Veterinary Partners, LLC 0.75% Delayed Draw Term Loan 11/17/2023 338 (5) Heartland Veterinary Partners, LLC 0.50% Revolver 12/10/2026 779 (13) High Street Buyer, Inc. 0.50% Revolver 04/16/2027 915 (18) Jonathan Acquisition Company 0.50% Revolver 12/22/2025 137 (3) KPSKY Acquisition, Inc. 1.00% Delayed Draw Term Loan 06/17/2024 1,373 (56) KWOR Acquisition, Inc. 0.50% Revolver 12/22/2027 67 (3) LUV Car Wash Group, LLC 1.00% Delayed Draw Term Loan 03/14/2024 274 (4) LegitScript 1.00% Delayed Draw Term Loan 06/24/2024 1,196 (31) LegitScript 0.50% Revolver 06/24/2028 612 (16) Lightspeed Solution, LLC 0.50% Delayed Draw Term Loan 03/01/2024 1,134 (38) MHE Intermediate Holdings, LLC 0.50% Revolver 07/21/2027 921 (26) MRI Software, LLC 0.50% Delayed Draw Term Loan 08/16/2023 968 (13) Magnolia Wash Holdings 0.50% Revolver 07/14/2028 32 (2) Mammoth Holdings, LLC 0.50% Revolver 10/16/2024 408 (5) Mantech International CP 0.50% Delayed Draw Term Loan 09/16/2024 2,600 (42) Mantech International CP 0.50% Revolver 09/14/2028 1,600 (26) Montana Buyer, Inc. 0.50% Revolver 07/22/2028 147 (5) Netwrix Corporation And Concept Searching, Inc. 0.50% Delayed Draw Term Loan 06/09/2024 218 (9) Netwrix Corporation And Concept Searching, Inc. 0.25% Revolver 06/11/2029 43 (2) Oak Purchaser, Inc. 0.50% Delayed Draw Term Loan 04/28/2024 388 (15) Oak Purchaser, Inc. 0.50% Revolver 04/28/2028 124 (5) Oakbridge Insurance Agency, LLC 1.00% Delayed Draw Term Loan 03/31/2024 367 (8) Oakbridge Insurance Agency, LLC 0.50% Revolver 12/31/2026 31 (1) Omni Intermediate Holdings, LLC 1.00% Delayed Draw Term Loan 06/24/2024 28 (1) Omni Intermediate Holdings, LLC 0.50% Revolver 12/30/2025 1,318 (45) PCX Holding Corp. 0.50% Revolver 04/22/2027 555 (15) Patriot Growth Insurance Services, LLC 0.75% Delayed Draw Term Loan 07/08/2024 519 (19) Peter C. Foy & Associates Insurance Services, LLC 0.50% Revolver 11/01/2027 347 (14) Pound Bidco, Inc. 0.50% Revolver 01/30/2026 388 (1) Procure Acquireco, Inc. (Procure Analytics) 1.00% Delayed Draw Term Loan 12/20/2023 3,175 (165) Procure Acquireco, Inc. (Procure Analytics) 0.50% Revolver 12/01/2026 952 (49) Investments-non-controlled/non-affiliated Unused Fee Rate Commitment Type Commitment Expiration Date Unfunded Commitment Fair Value Promptcare Infusion Buyer, Inc. 1.00% Delayed Draw Term Loan 09/01/2023 $ 885 $ (28) QW Holding Corporation 1.00% Delayed Draw Term Loan 03/11/2024 71 — QW Holding Corporation 0.50% Revolver 08/31/2026 333 — Randy's Holdings, Inc. 1.00% Delayed Draw Term Loan 11/01/2024 836 (21) Randy's Holdings, Inc. 0.50% Revolver 11/01/2028 271 (7) Raptor Merger Sub Debt, LLC 0.38% Revolver 04/01/2028 907 (25) Redwood Services Group, LLC —% Delayed Draw Term Loan 12/22/2023 3 — Revalize, Inc. 0.50% Revolver 04/15/2027 71 (3) Riskonnect Parent, LLC 0.50% Delayed Draw Term Loan 07/07/2024 177 (5) RoadOne IntermodaLogistics 1.00% Delayed Draw Term Loan 06/30/2024 112 (2) RoadOne IntermodaLogistics 0.50% Revolver 12/30/2028 97 (3) Securonix, Inc. 0.50% Revolver 04/05/2028 1,621 (70) Sherlock Buyer Corp. 1.00% Delayed Draw Term Loan 12/08/2023 5,392 (87) Sherlock Buyer Corp. 0.50% Revolver 12/08/2027 2,157 (35) Skykick, Inc. 1.00% Delayed Draw Term Loan 05/01/2023 144 (11) Smarsh, Inc. 1.00% Delayed Draw Term Loan 02/18/2024 536 (18) Smarsh, Inc. 0.50% Revolver 02/16/2029 214 (7) Spectrio, LLC 0.50% Revolver 12/09/2026 490 (8) Spectrum Automotive Holdings Corp. 1.00% Delayed Draw Term Loan 06/29/2023 821 (40) Spectrum Automotive Holdings Corp. 0.50% Revolver 06/29/2027 378 (18) Spotless Brands, LLC 0.50% Revolver 07/25/2028 37 (1) Stepping Stones Healthcare Services, LLC 1.00% Delayed Draw Term Loan 12/30/2023 525 (23) Stepping Stones Healthcare Services, LLC 0.50% Revolver 12/30/2026 225 (10) Summit Buyer, LLC 1.00% Delayed Draw Term Loan 06/23/2023 1,416 (49) Summit Buyer, LLC 0.50% Revolver 01/14/2026 1,037 (36) Surewerx Purchaser III, Inc. 1.00% Delayed Draw Term Loan 06/28/2024 428 (8) Surewerx Purchaser III, Inc. 0.50% Revolver 12/28/2028 405 (8) Suveto 1.00% Delayed Draw Term Loan 09/09/2023 2,028 (72) Suveto 0.50% Revolver 09/09/2027 312 (11) Sweep Purchaser, LLC 1.00% Delayed Draw Term Loan 05/05/2024 91 (4) Sweep Purchaser, LLC 0.50% Revolver 11/30/2026 216 (10) Syntax Systems Ltd 1.00% Delayed Draw Term Loan 10/29/2023 4,010 (179) Syntax Systems Ltd 0.50% Revolver 10/29/2026 535 (24) Tamarack Intermediate, LLC 0.50% Revolver 03/13/2028 752 (38) Thrive Buyer, Inc. (Thrive Networks) 0.38% Revolver 01/22/2027 453 (8) Triple Lift, Inc. 0.25% Revolver 05/08/2028 1,057 (38) Trunk Acquisition, Inc. 0.50% Revolver 02/19/2026 429 (16) Investments-non-controlled/non-affiliated Unused Fee Rate Commitment Type Commitment Expiration Date Unfunded Commitment Fair Value Two Six Labs, LLC 0.50% Delayed Draw Term Loan 08/20/2023 $ 915 $ (20) Two Six Labs, LLC 0.50% Revolver 08/20/2027 915 (20) UpStack, Inc. 0.50% Revolver 08/20/2027 375 (11) V Global Holdings, LLC 0.50% Revolver 12/22/2025 178 (7) VRC Companies, LLC 0.75% Delayed Draw Term Loan 01/06/2024 322 (9) VRC Companies, LLC 0.50% Revolver 06/29/2027 708 (19) Vardiman Black Holdings, LLC 1.25% Delayed Draw Term Loan 03/18/2024 41 (2) Vessco Midco Holdings, LLC 0.50% Revolver 10/18/2026 537 (6) World Insurance Associates, LLC 0.50% Revolver 04/01/2026 340 (8) Zarya Intermediate, LLC 0.50% Revolver 07/01/2027 983 — Total First Lien Debt Unfunded Commitments $ 112,489 $ (3,640) Second Lien Debt Heartland Veterinary Partners, LLC 0.50% Delayed Draw Term Loan 11/17/2023 8 — Total Second Lien Debt Unfunded Commitments $ 8 $ — Total Unfunded Commitments $ 112,497 $ (3,640) Investments-non-controlled/non-affiliated Unused Fee Rate Commitment Type Commitment Expiration Date Unfunded Commitment Fair Value First Lien Debt 365 Retail Markets, LLC 0.50% Revolver 12/23/2026 $ 514 $ (12) 48Forty Solutions, LLC 0.50% Revolver 11/30/2026 1,508 (77) ARI Network Services, Inc. 0.50% Revolver 02/28/2025 909 (26) AWP Group Holdings, Inc. 0.50% Revolver 12/22/2026 1,247 (37) Abacus Data Holdings, Inc. (AbacusNext) 0.50% Revolver 03/10/2027 300 (2) Abracon Group Holdings, LLC 1.00% Delayed Draw Term Loan 07/06/2024 317 (16) Abracon Group Holdings, LLC 0.50% Revolver 07/06/2028 127 (7) Alert Media, Inc. 0.50% Revolver 04/10/2026 750 (25) Answer Acquisition, LLC 0.50% Revolver 12/30/2026 1,000 (42) Appfire Technologies, LLC 0.50% Delayed Draw Term Loan 06/13/2024 277 (11) Appfire Technologies, LLC 0.50% Revolver 03/09/2027 26 (1) Applitools, Inc. 0.50% Revolver 05/25/2028 200 (3) Assembly Intermediate, LLC 1.00% Delayed Draw Term Loan 10/19/2023 978 (38) Assembly Intermediate, LLC 0.50% Revolver 10/19/2027 533 (20) Investments-non-controlled/non-affiliated Unused Fee Rate Commitment Type Commitment Expiration Date Unfunded Commitment Fair Value Associations, Inc. 1.00% Delayed Draw Term Loan 06/10/2024 $ 1,109 $ (50) Associations, Inc. 0.50% Revolver 07/02/2027 797 (36) Atlas Us Finco, Inc. 0.50% Revolver 12/09/2028 78 (2) Avalara, Inc. 0.50% Revolver 10/19/2028 234 (6) Bridgepointe Technologies, LLC 0.50% Delayed Draw Term Loan 09/23/2024 3,840 (153) Bullhorn, Inc. 0.50% Revolver 09/30/2026 4 — CLEO Communications Holding, LLC 0.50% Revolver 06/09/2027 5,358 (191) Caerus US 1, Inc. —% Delayed Draw Term Loan 10/31/2024 266 (3) Caerus US 1, Inc. 0.50% Revolver 05/25/2029 145 (3) Cerity Partners, LLC 1.00% Delayed Draw Term Loan 12/30/2023 4,823 (145) Citrin Cooperman Advisors, LLC 1.00% Delayed Draw Term Loan 05/13/2024 4,206 (125) DCA Investment Holdings, LLC 1.00% Delayed Draw Term Loan 03/02/2023 389 (6) Donuts, Inc. 0.25% Delayed Draw Term Loan 08/14/2023 1,583 (40) Dwyer Instruments, Inc. 1.00% Delayed Draw Term Loan 07/01/2024 641 (29) Dwyer Instruments, Inc. 0.50% Revolver 07/21/2027 271 (12) Encore Holdings, LLC 0.75% Delayed Draw Term Loan 11/23/2024 7,347 (173) Encore Holdings, LLC 0.50% Revolver 11/23/2027 2,695 (63) Energy Labs Holdings Corp. 1.00% Delayed Draw Term Loan 04/13/2023 47 (1) Energy Labs Holdings Corp. 0.50% Revolver 04/07/2028 45 (1) FLS Holding, Inc. 0.50% Revolver 12/17/2027 1,442 (24) FMG Suite Holdings, LLC 0.50% Revolver 10/30/2026 889 (19) FPG Intermediate Holdco, LLC 0.50% Delayed Draw Term Loan 08/05/2024 2,500 (125) Fortis Solutions Group, LLC 0.50% Delayed Draw Term Loan 06/24/2024 1,000 (33) Fortis Solutions Group, LLC 0.50% Revolver 10/15/2027 1,002 (33) Foundation Risk Partners Corp. 0.38% Revolver 10/29/2027 1,152 (20) GS AcquisitionCo, Inc. 0.50% Revolver 05/22/2026 907 (22) GSM Acquisition Corp. (GSM Outdoors) 0.50% Revolver 11/16/2026 1,633 (24) Galway Borrower, LLC 1.00% Delayed Draw Term Loan 09/30/2023 418 (18) Galway Borrower, LLC 0.50% Revolver 09/30/2027 589 (25) Gateway US Holdings, Inc. 1.00% Delayed Draw Term Loan 04/15/2024 6 — Gateway US Holdings, Inc. 0.50% Revolver 09/22/2024 14 — Govbrands Intermediate, Inc. 1.00% Delayed Draw Term Loan 08/04/2023 1,794 (82) Govbrands Intermediate, Inc. 0.50% Revolver 08/04/2027 182 (8) GraphPad Software, LLC 0.50% Revolver 04/27/2027 750 (25) Ground Penetrating Radar Systems, LLC 0.50% Revolver 06/26/2025 506 (13) Gurobi Optimization, LLC 0.50% Revolver 12/19/2023 536 — Heartland Home Services 0.75% Delayed Draw Term Loan 08/10/2023 612 (18) Investments-non-controlled/non-affiliated Unused Fee Rate Commitment Type Commitment Expiration Date Unfunded Commitment Fair Value Heartland Veterinary Partners, LLC 1.00% Delayed Draw Term Loan 11/17/2023 $ 2,606 $ (76) Heartland Veterinary Partners, LLC 0.50% Revolver 12/10/2026 779 (23) High Street Buyer, Inc. 0.50% Revolver 04/16/2027 915 (27) Jonathan Acquisition Company 0.50% Revolver 12/22/2025 618 (16) KPSKY Acquisition, Inc. 1.00% Delayed Draw Term Loan 06/17/2024 1,575 (71) KWOR Acquisition, Inc. 0.50% Revolver 12/22/2027 122 (6) LUV Car Wash Group, LLC 1.00% Delayed Draw Term Loan 03/14/2024 257 (5) LegitScript 1.00% Delayed Draw Term Loan 06/24/2024 1,196 (11) LegitScript 0.50% Revolver 06/24/2028 612 (11) Lightspeed Buyer, Inc. 1.00% Delayed Draw Term Loan 02/28/2023 1,350 (39) Lightspeed Solution, LLC 0.50% Delayed Draw Term Loan 03/01/2024 1,220 (45) MHE Intermediate Holdings, LLC 0.50% Revolver 07/21/2027 921 (27) MRI Software, LLC 0.50% Delayed Draw Term Loan 08/16/2023 1,576 (32) Magnolia Wash Holdings 0.50% Revolver 07/14/2028 32 (1) Mammoth Holdings, LLC 0.50% Revolver 10/16/2023 408 — Mantech International CP 0.50% Delayed Draw Term Loan 09/14/2024 2,600 (67) Mantech International CP 0.50% Revolver 09/14/2028 1,600 (41) Montana Buyer, Inc. 0.50% Revolver 07/22/2028 147 (5) Netwrix Corporation And Concept Searching, Inc. 0.50% Delayed Draw Term Loan 06/09/2024 220 (12) Netwrix Corporation And Concept Searching, Inc. 0.50% Revolver 06/11/2029 57 (3) Oak Purchaser, Inc. 0.50% Delayed Draw Term Loan 04/28/2024 412 (6) Oak Purchaser, Inc. 0.50% Revolver 04/28/2028 124 (2) Oakbridge Insurance Agency, LLC 1.00% Delayed Draw Term Loan 03/31/2024 399 (4) Oakbridge Insurance Agency, LLC 0.50% Revolver 12/31/2026 36 — Omni Intermediate Holdings, LLC 1.00% Delayed Draw Term Loan 06/24/2024 941 (39) Omni Intermediate Holdings, LLC 0.50% Revolver 12/30/2025 1,318 (56) PCX Holding Corp. 0.50% Revolver 04/22/2027 555 (18) PDFTron Systems, Inc. 0.50% Revolver 07/15/2026 1,650 (55) Patriot Growth Insurance Services, LLC 0.75% Delayed Draw Term Loan 07/08/2024 632 (29) Peter C. Foy & Associates Insurance Services, LLC 1.00% Delayed Draw Term Loan 12/14/2023 91 (4) Peter C. Foy & Associates Insurance Services, LLC 0.50% Revolver 11/01/2027 347 (17) Pound Bidco, Inc. 0.50% Revolver 01/30/2026 388 (2) Pritchard Industries, LLC 1.00% Delayed Draw Term Loan 10/13/2023 296 (16) Procure Acquireco, Inc. (Procure Analytics) 1.00% Delayed Draw Term Loan 02/20/2023 3,175 (140) Procure Acquireco, Inc. (Procure Analytics) 0.50% Revolver 12/01/2026 952 (42) Promptcare Infusion Buyer, Inc. 1.00% Delayed Draw Term Loan 09/01/2023 1,042 (36) QW Holding Corporation 1.00% Delayed Draw Term Loan 08/31/2026 146 (5) Investments-non-controlled/non-affiliated Unused Fee Rate Commitment Type Commitment Expiration Date Unfunded Commitment Fair Value QW Holding Corporation 0.50% Revolver 08/31/2026 $ 833 $ (31) Randy's Holdings, Inc. 1.00% Delayed Draw Term Loan 11/01/2024 836 (12) Randy's Holdings, Inc. 0.50% Revolver 10/31/2027 282 (8) Radwell Parent, LLC 0.38% Revolver 04/01/2028 1,047 (30) Redwood Services Group, LLC 1.00% Delayed Draw Term Loan 12/22/2023 121 (5) Revalize, Inc. 0.50% Revolver 04/15/2027 71 (3) Riskonnect Parent, LLC 0.50% Delayed Draw Term Loan 07/07/2024 177 (7) RoadOne IntermodaLogistics 1.00% Delayed Draw Term Loan 06/30/2024 162 (2) RoadOne IntermodaLogistics 0.50% Revolver 12/30/2028 97 (3) Securonix, Inc. 0.50% Revolver 04/05/2028 1,621 (59) Sherlock Buyer Corp. 1.00% Delayed Draw Term Loan 02/08/2023 5,392 (119) Sherlock Buyer Corp. 0.50% Revolver 12/08/2027 2,157 (48) Skykick, Inc. 1.00% Delayed Draw Term Loan 03/01/2023 495 (12) Smarsh, Inc. 1.00% Delayed Draw Term Loan 02/18/2024 536 (20) Smarsh, Inc. 0.50% Revolver 02/16/2029 268 (10) Spectrio, LLC 1.00% Delayed Draw Term Loan 01/30/2023 10,045 (240) Spectrio, LLC 0.50% Revolver 12/09/2026 704 (17) Spectrum Automotive Holdings Corp. 1.00% Delayed Draw Term Loan 06/29/2023 821 (48) Spectrum Automotive Holdings Corp. 0.50% Revolver 06/29/2027 378 (22) Spotless Brands, LLC 0.50% Revolver 07/25/2028 46 (2) Stepping Stones Healthcare Services, LLC 1.00% Delayed Draw Term Loan 01/14/2024 738 (39) Stepping Stones Healthcare Services, LLC 0.50% Revolver 12/30/2026 175 (9) Summit Buyer, LLC 1.00% Delayed Draw Term Loan 06/23/2023 1,416 (63) Summit Buyer, LLC 0.50% Revolver 01/14/2026 1,037 (46) Surewerx Purchaser III, Inc. 1.00% Delayed Draw Term Loan 06/27/2024 1,368 (27) Surewerx Purchaser III, Inc. 0.50% Revolver 12/28/2028 638 (19) Suveto 1.00% Delayed Draw Term Loan 09/09/2023 2,178 (78) Suveto 0.50% Revolver 09/09/2027 208 (8) Sweep Purchaser, LLC 1.00% Delayed Draw Term Loan 05/05/2024 91 (5) Sweep Purchaser, LLC 0.50% Revolver 11/30/2026 384 (21) Syntax Systems Ltd 1.00% Delayed Draw Term Loan 10/29/2023 4,010 (219) Syntax Systems Ltd 0.50% Revolver 10/29/2026 535 (29) Tamarack Intermediate, LLC 0.50% Revolver 03/13/2028 809 (36) Thrive Buyer, Inc. (Thrive Networks) 0.50% Revolver 01/22/2027 589 (14) Triple Lift, Inc. 0.25% Revolver 05/08/2028 1,057 (54) Trunk Acquisition, Inc. 0.50% Revolver 02/19/2026 429 (20) Two Six Labs, LLC 0.50% Delayed Draw Term Loan 08/20/2023 915 (22) Investments-non-controlled/non-affiliated Unused Fee Rate Commitment Type Commitment Expiration Date Unfunded Commitment Fair Value Two Six Labs, LLC 1.00% Revolver 08/20/2027 $ 915 $ (22) UpStack, Inc. 1.00% Delayed Draw Term Loan 08/26/2023 450 (14) UpStack, Inc. 0.50% Revolver 08/20/2027 375 (11) V Global Holdings, LLC 0.50% Revolver 12/22/2025 210 (10) VRC Companies, LLC 0.75% Delayed Draw Term Loan 01/06/2024 1,917 (67) VRC Companies, LLC 0.50% Revolver 06/29/2027 708 (25) Valcourt Holdings II, LLC 1.00% Delayed Draw Term Loan 01/07/2023 374 (4) Vardiman Black Holdings, LLC 1.25% Delayed Draw Term Loan 03/18/2024 95 (5) Vessco Midco Holdings, LLC 0.50% Revolver 10/18/2026 537 (7) World Insurance Associates, LLC 0.50% Revolver 04/01/2026 340 (11) Zarya Intermediate, LLC 0.50% Revolver 07/01/2027 983 (2) Total First Lien Debt Unfunded Commitments $ 139,381 $ (4,419) Second Lien Debt Heartland Veterinary Partners, LLC 0.50% Delayed Draw Term Loan 11/17/2023 $ 8 $ (1) Infinite Bidco, LLC 1.00% Delayed Draw Term Loan 03/14/2023 1,500 (47) Total Second Lien Debt Unfunded Commitments $ 1,508 $ (48) Total Unfunded Commitments $ 140,889 $ (4,467) |
Organization
Organization | 3 Months Ended |
Mar. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization | Organization SL Investment Corp. (the “Company”) is a non-diversified externally managed specialty finance company that is focused on lending to middle-market companies. The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, for U.S. federal income tax purposes, the Company has elected to be treated, and intends to comply with the requirements to qualify annually, as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is not a subsidiary of or consolidated with Morgan Stanley. The Company was formed as a Delaware corporation on August 24, 2020 and commenced investment operations in October 2020. The Company has delegated the right to manage the assets of the Company to MS Capital Partners Adviser Inc., as the investment adviser to the Company (the “Adviser” or “Investment Adviser”). The Investment Adviser is an indirect, wholly owned subsidiary of Morgan Stanley. The Company’s investment objective is to achieve attractive risk-adjusted returns via current income and, to a lesser extent, capital appreciation by investing primarily in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. On September 24, 2020, the Company filed an amended and restated certificate of incorporation in the State of Delaware to, among other things, authorize additional shares of its common stock, par value $0.001 per share (the “Common Stock”), and to authorize shares of preferred stock having a par value of $0.001 per share (the “Series A Preferred Stock”) such that the Company has authorized stock consisting of 100,000,000 shares of Common Stock and 1,000,000 shares of Series A Preferred Stock. On October 19, 2020, the Company sold 521 shares of its Series A Preferred Stock for $1,000 per share to a select group of individual investors who are “accredited investors” within the meaning of Rule 501(a) of Regulation D promulgated under the Securities Act. On February 1, 2021, the Company filed its Second Amended and Restated Certificate of Incorporation, which amended and restated the Amended and Restated Certificate of Incorporation to clarify that the Company may be subject to provisions of the Employee Retirement Income Security Act of 1971, as amended (“ERISA”), during all periods when its assets are treated as “plan assets” for purposes of ERISA. The Company has conducted and from time to time may conduct private offerings (the “Private Offerings”) of shares of 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 makes a capital commitment (a “Capital Commitment”) to purchase shares of Common Stock pursuant to a subscription agreement entered into with the Company (each, a “Subscription Agreement”). Investors are required to fund drawdowns to purchase shares of Common Stock up to the amount of their respective Capital Commitments each time the Company delivers a notice to the investors. In accordance with the terms of the Subscription Agreement, the Adviser extended the Investment Period (as defined in the Subscription Agreement) for an additional one-year period such that the Investment Period will expire on October 9, 2024. In addition, the Adviser exercised its discretion to extend the Company's term, such that the term will expire on October 9, 2028. The Company has formed wholly-owned subsidiaries for the purpose of holding certain investments in portfolio companies made by the Company. As of March 31, 2023, the Company's wholly-owned subsidiaries were formed as Delaware limited liability companies and included: SLIC Financing SPV LLC (“SLIC SPV”), SLIC CA SPV LLC (“SLIC CA”) and SLIC Equity Holdings LLC (“SLIC Equity Holdings,” and collectively with SLIC SPV and SLIC CA, the “subsidiaries”). The Company consolidates its wholly-owned subsidiaries in these consolidated financial statements from the date of the respective subsidiary's formation. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). As an investment company, the Company applies the accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies (“ASC 946”) issued by the Financial Accounting Standards Board (“FASB”). The interim consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Articles 6 and 10 of Regulation S-X. Accordingly, certain disclosures accompanying the annual consolidated financial statements prepared in accordance with U.S. GAAP are omitted. In the opinion of management, all adjustments and reclassifications, consisting solely of normal recurring accruals considered necessary for the fair presentation of consolidated financial statements for the interim period presented, have been included. The current period’s results of operations will not necessarily be indicative of results that the Company may ultimately achieve for the year ending December 31, 2023. The Company reclassified certain industry groupings of its portfolio companies presented in the accompanying consolidated financial statements as of December 31, 2022 to align with the recently updated Global Industry Classification Standards (“GICS”), where applicable. These reclassifications had no impact on the Consolidated Statement of Assets and Liabilities as of December 31, 2022. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Such amounts could differ from those estimates and such differences could be material. Management’s estimates are based on historical experiences and other factors, including expectations of future events that management believes to be reasonable under the circumstances. Assumptions and estimates regarding the valuation of investments involve a higher degree of judgment and complexity and these assumptions and estimates may be significant to the consolidated financial statements. Consolidation As provided under ASC 946, the Company will not consolidate its investment in a company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company’s wholly-owned subsidiaries in its consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation. Cash Cash is carried at cost, which approximates fair value. The Company deposits its cash with multiple financial institutions and, at times, may exceed the Federal Deposit Insurance Corporation insured limit. Foreign Currency Translation The functional currency of the Company is the U.S. Dollar. Investments denominated in foreign currencies are translated into U.S. Dollars based upon currency exchange rates effective on the last business day of the current reporting period. Net changes in fair value of investments due to foreign exchange rates fluctuation is recorded as change in unrealized appreciation (depreciation) from translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations. Investment and non-investment activities denominated in foreign currencies, including purchase and sales of investments, borrowings and repayments of debt, income and expenses, are translated into U.S. dollars based upon currency exchange rates prevailing on the transaction dates. Investments Investment transactions are recorded on the trade date. Receivables/payables from investments sold/purchased on the Consolidated Statements of Assets and Liabilities consist of amounts receivable to or payable by the Company for transactions that have not settled at the reporting date. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period. The Board of Directors, with the assistance of the Company’s audit committee (the “Audit Committee”), determines the fair value of the Company’s investments in accordance with ASC Topic 820, Fair Value Measurements (“ASC 820”) issued by FASB. The Board of Directors has delegated to the Investment Adviser as the Valuation Designee the responsibility of determining the fair value of the Company’s investment portfolio, subject to oversight of the Board of Directors, pursuant to Rule 2a-5 under the 1940 Act. As such, the Valuation Designee is charged with determining the fair value of the Company’s investment portfolio, subject to oversight of the Board of Directors. ASC 820 defines fair value as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” Fair value is a market-based measurement, not an entity-specific measurement. For some investments, observable market transactions or market information might be available. For other investments, observable market transactions and market information might not be available. However, the objective of a fair value measurement in both cases is the same—to estimate the price when an orderly transaction to sell the investment would take place between market participants at the measurement date under current market conditions (that is, an exit price at the measurement date from the perspective of a market participant). Refer to Note 5 for the Company’s framework for determining fair value, fair value hierarchies, and the composition of the Company’s portfolio. Revenue Recognition Interest Income Interest income is recorded on an accrual basis and includes the accretion of discounts and amortizations of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective investment using the effective interest method. The amortized cost of debt investments represents the original cost, including loan origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. Upon prepayment of a loan or debt investment, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. PIK Income The Company has debt investments in its portfolio that contain payment-in-kind (“PIK”) provisions. PIK represents interest that is accrued and recorded as interest income at the contractual rates, increases the loan principal on the respective capitalization dates, and is generally due at maturity. Such income is included in PIK income on the Consolidated Statements of Operations. If at any point the Company believes PIK is not expected to be realized, the investment generating PIK will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest is generally reversed through PIK income. This non-cash source of income is included when determining what must be paid out to stockholders in the form of distributions in order for the Company to maintain its status as a RIC, even though the Company has not yet collected cash. Dividend Income Dividend income on preferred equity investments is recorded on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity investments is recorded on the record date for private portfolio companies and on the ex-dividend date for publicly traded portfolio companies. Dividend income is presented net of withholding tax, if any. Other Income The Company may receive various fees in the ordinary course of business such as structuring, consent, waiver, amendment and syndication fees as well as fees for managerial assistance rendered by the Company to the portfolio companies. Such fees are recognized in income when earned or when the services are rendered and there is no uncertainty or contingency related to the amount to be received. Non-Accrual Income Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest are paid current and, in management’s judgment, are likely to remain current. Management may determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection. Organization and Offering Costs Costs associated with the organization of the Company are expensed as incurred, subject to the limitations discussed in Note 3. These costs consist primarily of legal fees and other costs of organizing the Company. Costs associated with the offering of Common Stock and Series A Preferred Stock are capitalized as “deferred offering costs” on the Consolidated Statements of Assets and Liabilities and amortized over a twelve-month period from the initial capital call and preferred stock issuance date, respectively, subject to the limitation described in Note 3 below. These costs consist primarily of legal fees and other costs incurred in connection with the Company’s continuous private offerings of its Common Stock, and issuance of its Series A Preferred Stock. Expenses The Company is responsible for investment expenses, professional fees and other general and administrative expenses related to the Company’s operations. Such fees and expenses, including expenses incurred by the Adviser on behalf of the Company, will be reimbursed by the Company, subject to contractual thresholds. The Company pays the Investment Adviser a base management fee (the “Base Management Fee”) under the Investment Advisory Agreement between the Company and the Investment Adviser (“the Investment Advisory Agreement”) as described in Note 3 below. The fee is recorded on the Consolidated Statements of Operations. Deferred Financing Costs The Company records upfront fees, legal and other direct costs incurred in connection with the Company’s issuance of revolving debt facilities as Deferred Financing Costs. These costs are deferred and amortized over the life of the related revolving credit facilities using the straight-line method. Deferred financing costs related to revolving credit facilities are presented separately as an asset on the Company’s Consolidated Statements of Assets and Liabilities. The amortization of such Deferred Financing Costs are presented on the Company’s Consolidated Statements of Operations as interest expense and other financing expenses. Income Taxes The Company has elected to be treated as a RIC under Subchapter M of the Code. So long as the Company maintains its status as a RIC, it generally will not pay corporate U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its stockholders as dividends. In order to qualify as a RIC, the Company must meet certain minimum distribution, source-of-income and asset diversification requirements. If such requirements are met, then the Company is generally required to pay income taxes only on the portion of its taxable income and gains it does not distribute. The minimum distribution requirements applicable to RICs require the Company to distribute to its stockholders at least 90% of its investment company taxable income (the “ICTI”), as defined by the Code, each year. Depending on the level of ICTI earned in a tax year, the Company may choose to carry forward ICTI in excess of current year distributions into the next tax year. Any such carryover ICTI must be distributed before the end of that next tax year through a dividend declared prior to filing the final tax return related to the year which generated such ICTI. In addition, based on the excise distribution requirements, the Company is subject to a 4% nondeductible federal excise tax on undistributed income unless the Company distributes in a timely manner an amount at least equal to the sum of (1) 98% of its ordinary income for each calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in the preceding year. For this purpose, however, any ordinary income or capital gain net income retained by the Company that is subject to corporate income tax is considered to have been distributed. The Company currently intends to make sufficient distributions each taxable year to satisfy the excise distribution requirements. The Company evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are “more likely than not” to be sustained by the applicable tax authority. All penalties and interest associated with income taxes, if any, are included in income tax expense. For the three months ended March 31, 2023 and March 31, 2022, the Company accrued $23 and $0 of U.S. federal excise taxes. New Accounting Standards In March 2020, the FASB issued Accounting Standards Update 2020-04 (“ASU 2020-04”) “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This accounting update provides optional accounting relief to entities with contracts, hedge accounting relationships or other transactions that reference LIBOR or other interest rate benchmarks for which the referenced rate is expected to be discontinued or replaced. This optional relief generally allows for contract modifications solely related to the replacement of the reference rate to be accounted for as a continuation of the existing contract instead of as an extinguishment of the contract, and would therefore not trigger certain accounting impacts that would otherwise be required. 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 adopted the accounting relief on January 1, 2022, and noted no material impact on the consolidated financial statements, as relevant contract relationship modifications are made during the course of the reference rate reform transition period. |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2023 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Related Party Transactions Investment Advisory Agreement On February 1, 2021, the Company entered into the Investment Advisory Agreement with the Adviser. The Investment Advisory Agreement had an initial term of two years and continues thereafter from year to year if approved annually by the Board of Directors, which most recently approved the renewal of the Investment Advisory Agreement in August 2022. The Company pays the Investment Adviser a Base Management Fee for its services under the Investment Advisory Agreement. The cost of the Base Management Fee is ultimately borne by holders of the Common Stock. As a part of the Investment Advisory Agreement, the Company agreed to reimburse the Investment Adviser for certain expenses it incurs on the Company’s behalf. The Investment Adviser is an indirect, wholly owned subsidiary, of Morgan Stanley. The Company pays the Investment Adviser a Base Management Fee for its services under the Investment Advisory Agreement. The cost of the Base Management Fee is ultimately borne by holders of the Common Stock. As a part of the Investment Advisory Agreement, the Company agreed to reimburse the Investment Adviser for certain expenses it incurs on the Company’s behalf. Base Management Fee The Base Management Fee is calculated at an annual rate of 0.25% of the Company’s average Capital Under Management, at the end of the then-current quarter and the prior calendar quarter (and, in the case of the Company’s first quarter, Capital Under Management as of such quarter-end). “Capital Under Management” means cumulative capital called, less cumulative distributions categorized as returned capital. Capital Under Management does not include capital acquired through the use of leverage. The Base Management Fee is payable quarterly in arrears, and no management fee is charged on committed but undrawn capital commitments. For the three months ended March 31, 2023 and March 31, 2022, $337 and $265 respectively, of Base Management Fee was accrued to the Investment Adviser. As of March 31, 2023 and December 31, 2022, $337 and $325, respectively, were payable to the Investment Adviser relating to Base Management Fees. Administration Agreement MS Private Credit Administrative Services LLC (the “Administrator”) is the administrator of the Company pursuant to an amended and restated administration agreement dated February 1, 2021 (the “Administration Agreement”). The Administrator is an indirect, wholly owned subsidiary of Morgan Stanley. Pursuant to the Administration Agreement, the Administrator provides services and receives reimbursements from the Company equal to an amount that reimburses the Administrator for certain expenses and the Company’s allocable portion of certain expenses incurred by the Administrator in performing its obligations under the applicable administration agreement. Reimbursement under the Administration Agreement occurs quarterly in arrears. The Administration Agreement had an initial term of two years and continues thereafter from year to year if approved annually by our Board of Directors, which most recently approved the renewal of the Administration Agreement in August 2022. For the three months ended March 31, 2023 and March 31, 2022, no expenses were incurred under the Administration Agreement. There were no amounts unpaid and included in payable to affiliates on the Consolidated Statements of Assets and Liabilities as of March 31, 2023 and December 31, 2022. Expense Support and Waiver Agreement On February 1, 2021, the Company entered into an expense support and waiver agreement (the “Expense Support and Waiver Agreement”) with the Investment Adviser. Under the terms of the Expense Support and Waiver Agreement, the Investment Adviser agreed to waive any reimbursement by the Company of offering and organizational expenses incurred by the Investment Adviser on behalf of the Company in excess of $1,000 or 0.10% of the aggregate Capital Commitments of the Company, whichever is greater. If actual organization and offering costs incurred exceed the greater of $1,000 or 0.10% of the Company’s total Capital Commitments, the Investment Adviser or its affiliate will bear the excess costs. The Company shall reimburse the Investment Adviser for payments of any excess costs borne by the Investment Adviser on the Company’s behalf within three years of October 9, 2020 (the “Initial Closing Date”). For the three months ended March 31, 2023 and March 31, 2022, the Company incurred no organization costs and amortization of offering costs. These costs did not exceed the Investment Adviser reimbursement threshold, and as a result, no excess organization and offering costs were waived. As of March 31, 2023 and December 31, 2022, no organization and offering costs were included in payable to affiliates and accrued expenses and other liabilities on the Consolidated Statements of Assets and Liabilities. Indemnification Agreements The Company has entered into indemnification agreements with our directors and officers. The indemnification agreements are intended to provide our directors and officers the maximum indemnification permitted under Delaware law, and the 1940 Act and, if applicable, ERISA. Each indemnification agreement provides that the Company will indemnify the director or officer who is a party to the agreement (an “Indemnitee”), including the advancement of legal expenses, if, by reason of his or her corporate status, the Indemnitee is, or is threatened to be, made a party to or a witness in any threatened, pending, or completed proceeding, to the maximum extent permitted by Delaware law, and the 1940 Act, and, if applicable ERISA. Adviser Investment On September 10, 2020, the Investment Adviser purchased all 1,000 of the Company’s then issued and outstanding shares of Common Stock at a price per share of $20.00 for an aggregate purchase price of $20 (the “Seed Capital”). |
Investments
Investments | 3 Months Ended |
Mar. 31, 2023 | |
Schedule of Investments [Abstract] | |
Investments | InvestmentsThe composition of the Company’s investment portfolio at cost and fair value was as follows: March 31, 2023 December 31, 2022 Cost Fair Value % of Total Investments at Fair Value Cost Fair Value % of Total Investments at Fair Value First Lien Debt $ 1,104,281 $ 1,078,066 98.3 % $ 1,085,829 $ 1,061,160 98.5 % Second Lien Debt 9,884 9,601 0.9 8,381 7,972 0.7 Other Securities 9,059 9,201 0.8 8,975 8,985 0.8 Total $ 1,123,224 $ 1,096,868 100.0 % $ 1,103,185 $ 1,078,117 100.0 % The industry composition of investments at fair value was as follows: March 31, 2023 December 31, 2022 (1) Aerospace and Defense 4.1 % 4.1 % Air Freight and Logistics 1.8 1.7 Automobile Components 3.5 3.5 Automobiles 4.5 4.5 Biotechnology 0.6 0.6 Chemicals 0.1 0.1 Commercial Services & Supplies 15.9 16.0 Construction and Engineering 1.5 1.5 Containers & Packaging 3.3 3.3 Distributors 3.1 4.5 Diversified Consumer Services 4.0 3.6 Electronic Equipment, Instruments & Components 1.2 0.6 Financial Services 1.3 1.5 Food Products 0.3 0.3 Health Care Equipment & Supplies 0.4 0.4 Health Care Providers & Services 3.9 3.6 Health Care Technology 0.7 0.6 Industrial Conglomerates 1.3 0.1 Insurance Services 13.6 13.8 Interactive Media & Services 3.7 3.6 IT Services 6.4 6.8 Leisure Products 1.7 2.0 Machinery 2.5 2.5 Multi-Utilities 2.5 2.6 Oil, Gas & Consumable Fuels — — (2) Pharmaceuticals 0.2 0.2 Professional Services 3.1 3.1 Real Estate Management & Development 3.3 3.3 Software 11.5 11.6 Total 100.0 % 100.0 % (1) The Company reclassified certain industry groupings of its portfolio companies presented in the consolidated financial statements as of December 31, 2022 to align with the recently updated GICS where applicable. These reclassifications had no impact on the Consolidated Statement of Assets and Liabilities as of December 31, 2022. (2) Amounts rounds to 0.0% The geographic composition of investments at cost and fair value were as follows: March 31, 2023 December 31, 2022 Cost Fair Value % of Total Cost Fair Value % of Total Australia $ 1,297 $ 1,290 0.1 % $ 1,298 $ 1,279 0.1 % Canada 43,313 42,237 3.9 46,200 44,881 4.2 United Kingdom 1,861 1,862 0.2 1,847 1,847 0.2 United States 1,076,753 1,051,479 95.8 1,053,840 1,030,110 95.5 Total $ 1,123,224 $ 1,096,868 100.0 % $ 1,103,185 $ 1,078,117 100.0 % |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | Fair Value Measurements ASC 820 establishes a hierarchical disclosure framework which ranks the observability of inputs used in measuring financial instruments at fair value. The observability of inputs is impacted by a number of factors, including the type of financial instruments and their specific characteristics. Financial instruments with readily available quoted prices, or for which fair value can be measured from quoted prices in active markets, generally will have a higher degree of market price observability and a lesser degree of judgment applied in determining fair value. The three-level hierarchy for fair value measurements is defined as follows: Level 1 —inputs to the valuation methodology are quoted prices available in active markets for identical financial instruments as of the measurement date. The types of financial instruments in this category include unrestricted securities, including equities and derivatives, listed in active markets. The Company will not adjust the quoted price for these instruments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price. Level 2 —inputs to the valuation methodology are quoted prices in markets that are not active or for which all significant inputs are either directly or indirectly observable as of the measurement date. The types of financial instruments in this category include less liquid and restricted securities listed in active markets, securities traded in markets that are not active, and certain over-the-counter derivatives where the fair value is based on observable inputs. Level 3 —inputs to the valuation methodology are unobservable and significant to the overall fair value measurement, and include situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require significant management judgment or estimation. The types of financial instruments in this category include investments in privately held entities, non-investment grade residual interests in securitizations and certain over-the-counter derivatives where the fair value is based on unobservable inputs. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the determination of which category within the fair value hierarchy is appropriate for any given financial instrument is based on the lowest level of input that is significant to the fair value measurement. Assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument. Pursuant to the framework set forth above, the Company values securities traded in active markets on the measurement date by multiplying the exchange closing price of such traded securities/instruments by the quantity of shares or amount of the instrument held. The Company may also obtain quotes with respect to certain of the investments from pricing services, brokers or dealers’ quotes, or counterparty marks in order to value liquid assets that are not traded in active markets. Pricing services aggregate, evaluate and report pricing from a variety of sources including observed trades of identical or similar securities, broker or dealer quotes, model-based valuations and internal fundamental analysis and research. When doing so, the Company determines whether the quote obtained is sufficient according to U.S. GAAP to determine the fair value of the security. If determined adequate, the Company uses the quote obtained. Securities that are illiquid or for which the pricing source does not provide a valuation or methodology or provides a valuation or methodology that, in the judgment of the Valuation Designee or the Board of Directors, does not represent fair value, each is valued as of the measurement date using all techniques appropriate under the circumstances and for which sufficient data is available. These valuation techniques may vary by investment but include comparable public market valuations, comparable precedent transaction valuations and discounted cash flow analyses. Non-controlled debt investments are generally fair valued using discounted cash flow technique. Expected cash flows are projected based on contractual terms and discounted back to the measurement date based on a discount rate. Discount rate is determined based upon an assessment of current and expected yields for similar investments and risk profiles. Non-controlled equity investments are generally fair valued using a market approach and/or an income approach. The market approach typically utilizes market value multiples of comparable publicly traded companies. The income approach typically utilizes a discounted cash flow analysis of the portfolio company. The Valuation Designee, under the supervision of the Board of Directors undertakes a multi-step valuation process each quarter, as described below: (1) each portfolio company or investment is initially valued by using a standardized template designed to approximate fair market value based on observable market inputs and updated credit statistics and unobservable inputs; (2) preliminary valuation conclusions are documented and reviewed by a valuation committee comprised of members of the Investment Adviser’s senior management; (3) the Board of Directors or Valuation Designee engages independent third-party valuation firms to provide positive assurance on a portion of the Company’s illiquid investments each quarter (such that each illiquid investment will be reviewed by an independent valuation firm at least once on a rolling twelve month basis) including review of management’s preliminary valuation and conclusion of fair value; (4) the Audit Committee reviews the assessments of the Valuation Designee and the independent third-party valuation firms and provide the Board of Directors with recommendations with respect to the fair value of each investment in the Company’s portfolio; and (5) the Board of Directors discusses the valuation recommendations of the Audit Committee and determine the fair value of each investment in the Company’s portfolio in good faith based on the input of the Valuation Designee and, where applicable, the third-party valuation firms. The fair value is generally determined based on the assessment of the following factors, as relevant: • the nature and realizable value of any collateral; • call features, put features and other relevant terms of debt; • the portfolio company’s leverage and ability to make payments; • the portfolio company’s public or private letter credit ratings; • the portfolio company’s actual and expected earnings and discounted cash flow; • prevailing interest rates for like securities and expected volatility in future interest rates; • the markets in which the issuer does business and recent economic and/or market events; and • comparisons to publicly traded securities. Investment performance data utilized will be the most recently available as of the measurement date which in many cases may reflect up to a one quarter lag in information. The Board of Directors is ultimately responsible for the determination, in good faith, of the fair value of the Company’s portfolio investments. Transfer of portfolio investments within the three-level hierarchy is recorded during the period of such reclassification occurrence at the fair value as of the beginning of the respective period. Generally, reclassifications are primarily due to increase/decrease of price transparency. The following tables present the fair value hierarchy of investments as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total First Lien Debt $ — $ 3,564 $ 1,074,502 $ 1,078,066 $ — $ 3,611 $ 1,057,549 $ 1,061,160 Second Lien Debt — 965 8,636 9,601 — 963 7,009 7,972 Other Securities — — 9,201 9,201 — — 8,985 8,985 Total $ — $ 4,529 $ 1,092,339 $ 1,096,868 $ — $ 4,574 $ 1,073,543 $ 1,078,117 The following table presents changes in the fair value of the investments for which Level 3 inputs were used to determine the fair value for the three months ended March 31, 2023: First Lien Debt Second Lien Debt Other Securities Total Investments Fair value, beginning of period $ 1,057,549 $ 7,009 $ 8,985 $ 1,073,543 Purchases of investments 50,051 1,500 15 51,566 Proceeds from principal repayments and sales of investments (32,764) — — (32,764) Accretion of discount/amortization of premium 960 3 — 963 Payment-in-kind 150 — 69 219 Net change in unrealized appreciation (depreciation) (1,507) 124 132 (1,251) Net realized gains (losses) 63 — — 63 Transfers into/(out) of Level 3 — — — — Fair value, end of period $ 1,074,502 $ 8,636 $ 9,201 $ 1,092,339 Net change in unrealized appreciation (depreciation) from investments still held as of March 31, 2023 $ (1,507) $ 124 $ 132 $ (1,251) The following table presents changes in the fair value of the investments for which Level 3 inputs were used to determine the fair value for the three months ended March 31, 2022: First Lien Debt Second Lien Debt Other Securities Total Investments Fair value, beginning of period $ 867,855 $ 7,485 $ 6,412 $ 881,752 Purchases of investments 69,324 — — 69,324 Proceeds from principal repayments and sales of investments (13,265) — (8) (13,273) Accretion of discount/amortization of premium 714 6 — 720 Payment-in-kind 85 — — 85 Net change in unrealized appreciation (depreciation) (757) (18) 18 (757) Net realized gains (losses) 59 — 8 67 Transfers into/(out) of Level 3 — — — — Fair value, end of period $ 924,015 $ 7,473 $ 6,430 $ 937,918 Net change in unrealized appreciation (depreciation) from investments still held as of March 31, 2022 $ (696) $ (15) $ 18 $ (693) The following table presents quantitative information about the significant unobservable inputs of the Company’s Level 3 financial instruments. The table is not intended to be all-inclusive but instead captures the significant unobservable inputs relevant to the Company’s determination of fair value. March 31, 2023 Fair Valuation Technique Unobservable Range Weighted Low High Investments in first lien debt $ 1,069,951 Yield Analysis Discount Rate 8.97 % 20.19 % 10.93 % Investments in first lien debt 4,551 Recent Transaction Recent Transaction 100.00 % 100.00 % 100.00 % Total investments in first lien debt 1,074,502 Investments in second lien debt 8,636 Yield Analysis Discount Rate 11.66 % 14.30 % 12.42 % Investments in other securities: Other debt 200 Market Approach EBITDA Multiple 9.00x 9.00x 9.00x Other debt 403 Income Approach Discount Rate 14.50 % 14.50 % 14.50 % Preferred equity 4,197 Income Approach Discount Rate 12.19 % 15.54 % 14.07 % Preferred equity 150 Market Approach Revenue Multiple 7.50x 7.50x 7.50x Common equity 4,251 Market Approach EBITDA Multiple 8.10x 19.60x 14.48x Total investments in other securities 9,201 Total investments $ 1,092,339 December 31, 2022 Fair Valuation Technique Unobservable Range Weighted Low High Investments in first lien debt $ 1,038,692 Yield Analysis Discount Rate 9.20 % 20.44 % 11.07 % Investments in first lien debt 18,857 Recent Transaction Recent Transaction 100.00 % 100.00 % 100.00 % Total investments in first lien debt 1,057,549 Investments in second lien debt 7,009 Yield Analysis Discount Rate 12.14 % 15.30 % 13.36 % Investments in other securities: Other debt 124 Market Approach EBITDA Multiple 9.00x 9.00x 9.00x Other debt 399 Yield Analysis Discount Rate 16.60 % 16.60 % 16.60 % Preferred equity 3,894 Income Approach Discount Rate 12.20 % 15.54 % 14.10 % Preferred equity 170 Market Approach Revenue Multiple 8.78x 8.78x 8.78x Common equity 4,398 Market Approach EBITDA Multiple 8.10x 18.70x 13.90x Total investments in other securities 8,985 Total investments $ 1,073,543 The significant unobservable input used in yield analysis is discount rate based on comparable market yields. Significant increases in discount rates in isolation would result in a significantly lower fair value measurement. The significant unobservable input used in the market approach is the comparable company multiple. The multiple is used to estimate the enterprise value of the underlying investment. An increase/decrease in the multiple would result in an increase/decrease, respectively, in the fair value. The carrying amounts of the Company’s assets and liabilities, other than investments at fair value and debt, approximate fair value. Financial instruments disclosed but not carried at fair value The Company’s debt is presented at carrying cost on the Consolidated Statements of Assets and Liabilities. The fair value of the Company’s credit facility is estimated using Level 3 inputs by discounting remaining payments using the appropriate discount rates, if available. The carrying value and fair value of the Company’s debt were as follows: March 31, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value JPM Funding Facility $ 619,673 $ 619,673 $ 591,307 $ 591,307 Total $ 619,673 $ 619,673 $ 591,307 $ 591,307 |
Debt
Debt | 3 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
Debt | Debt JPM Funding Facility On June 3, 2021, SLIC SPV entered into an Amended and Restated Loan and Security Agreement, which was subsequently amended on August 18, 2021, November 24, 2021, June 10, 2022 and March 31, 2023, by and among SLIC SPV, as the borrower, the Company, as the parent and as the servicer, SL Investment Feeder Fund L.P. and SL Investment Feeder Fund GP Ltd., as pledgors, U.S. Bank National Association, as collateral agent, collateral administrator and securities intermediary, and JP Morgan Chase Bank, NA (“JPM”), as the administrative agent and arranger, the lenders party thereto, and the issuing banks party thereto (as amended, the “JPM Funding Facility”). Pursuant to the JPM Funding Facility, JPM has agreed to extend credit to SLIC SPV in an aggregate principal amount, as of March 31, 2023, of up to $900,000 at any one time outstanding, subject to the satisfaction of various conditions, including availability under the borrowing base, which is based on a combination of unfunded capital commitments and loan collateral. The JPM Funding Facility is a revolving funding facility with a reinvestment period ending December 3, 2023 (or upon the occurrence of certain events as specified therein) and a final maturity date of December 3, 2025. Subject to certain conditions, the reinvestment period and final maturity are both subject to a one-year extension. Advances under the JPM Funding Facility are available in U.S. dollars and other permitted currencies. As of March 31, 2023, the interest charged on the JPM Funding Facility is based on SOFR, SONIA, EURIBOR or CDOR, as applicable (or, if SOFR is not available, a benchmark replacement or a “base rate” (which is the greater of a prime rate and the federal funds rate plus 0.50%), as applicable), plus a margin of 2.325% prior to the transition date, and 2.475% subsequent to the transition date, as set forth in the JPM Funding Facility. The summary information of the JPM Funding Facility is as follows: For the Three Months Ended March 31, 2023 March 31, 2022 Borrowing interest expense $ 10,879 $ 3,242 Facility unused commitment fees 1,274 466 Amortization of deferred financing costs 1,067 402 Total $ 13,220 $ 4,110 Weighted average interest rate (excluding unused fees and financing costs) 7.04 % 2.59 % Weighted average outstanding balance $ 618,224 $ 501,189 For the three months ended March 31, 2023 and March 31, 2022, the Company borrowed $45,000 and $37,000, respectively, under the JPM Funding Facility. For the three months ended March 31, 2023 and March 31, 2022, the Company repaid $16,634 and $18,000, respectively, under the JPM Funding Facility. The Company’s outstanding debt obligations were as follows: March 31, 2023 December 31, 2022 Aggregate Principal Committed Outstanding Principal Unused Portion Aggregate Principal Committed Outstanding Principal Unused Portion JPM Funding Facility $ 900,000 $ 619,673 $ 280,327 $ 1,000,000 $ 591,307 $ 408,693 Total $ 900,000 $ 619,673 $ 280,327 $ 1,000,000 $ 591,307 $ 408,693 |
Commitment and Contingencies
Commitment and Contingencies | 3 Months Ended |
Mar. 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 provide a variety of general indemnifications. Any exposure to the Company under these arrangements could involve future claims that may be made against the Company. Currently, no such claims exist or are expected to arise and, accordingly, the Company has not accrued any liability in connection with such indemnifications. As of March 31, 2023 and December 31, 2022, the Company had $112,497 and $140,889 of unfunded commitments to fund delayed draw and revolving senior secured loans. |
Net Assets
Net Assets | 3 Months Ended |
Mar. 31, 2023 | |
Equity [Abstract] | |
Net Assets | Net Assets The following table shows the components of net distributable earnings (accumulated losses) as shown on the Consolidated Statements of Assets and Liabilities: As of March 31, 2023 December 31, 2022 Net distributable earnings (accumulated losses), beginning of period $ (23,681) $ 4,807 Net investment income (loss) after taxes 17,645 52,004 Accumulated realized gain (loss) 63 202 Net unrealized appreciation (depreciation) (1,288) (28,306) Dividends declared (16,533) (52,392) Tax reclassifications to equity of holders of Common Stock — 4 Net distributable earnings (accumulated losses), end of period $ (23,794) $ (23,681) For the three months ended March 31, 2023 and for the three months ended March 31, 2022, the Company did not issue any shares or call any capital. The following table summarizes the Company’s distributions declared and payable for the three months ended March 31, 2023 to the holders of Common Stock: Date Declared Record Date Payment Date Per Share Amount Total Amount March 28, 2023 March 28, 2023 April 20, 2023 $ 0.64 $ 16,517 Total Distributions $ 0.64 $ 16,517 The following table summarizes the Company’s distributions declared and payable for the three months ended March 31, 2022 to the holders of Common Stock: Date Declared Record Date Payment Date Per Share Amount Total Amount March 25, 2022 March 25, 2022 April 22, 2022 $ 0.62 $ 12,551 Total Distributions $ 0.62 $ 12,551 During the three months ended March 31, 2023, the Company accrued $16 of dividends to holders of the Series A Preferred Stock, of which $0 was unpaid and included in dividends payable on the Consolidated Statements of Assets and Liabilities. During the three months ended March 31, 2022, the Company accrued $16 of dividends to holders of the Series A Preferred Stock of which $0 was unpaid and included in dividends payable on the Consolidated Statements of Assets and Liabilities. |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Mar. 31, 2023 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Earnings Per Share The following table sets forth the computation of basic and diluted earnings per common share: For the Three Months Ended March 31, 2023 March 31, 2022 Net increase/(decrease) in net assets resulting from operations attributable to holders of Common Stock $ 16,404 $ 10,729 Weighted average shares outstanding 25,807,951 20,244,075 Basic and diluted earnings (loss) per common share $ 0.64 $ 0.53 |
Consolidated Financial Highligh
Consolidated Financial Highlights | 3 Months Ended |
Mar. 31, 2023 | |
Investment Company [Abstract] | |
Consolidated Financial Highlights | Consolidated Financial Highlights The following are the financial highlights (dollar amounts in thousands, except per share amounts): For the Three Months Ended March 31, 2023 March 31, 2022 Per Share Data: (1) Net asset value, beginning of period $ 19.98 $ 21.20 Net investment income (loss) 0.68 0.57 Net unrealized and realized gain (loss) (2) (0.04) (0.04) Net increase (decrease) in net assets resulting from operations 0.64 0.53 Dividends declared (0.64) (0.62) Issuance of common stock — — Total increase (decrease) in net assets — (0.09) Net asset value per common share, end of period $ 19.98 $ 21.11 Common shares outstanding, end of period 25,807,951 20,244,075 Total return based on net asset value (3) 3.20 % 2.50 % Ratio/Supplemental Data (all amounts in thousands except ratios and shares): Net assets attributable to the holders of Common Stock, end of period $ 515,598 $ 427,381 Weighted average common shares outstanding 25,807,951 20,244,075 Ratio of total expenses to average net assets (4) 10.84 % 4.55 % Ratio of net investment income to average net assets (4) 13.66 % 10.77 % Ratio of total contributed capital to total committed capital, end of period 80.67 % 65.10 % Asset coverage ratio 183.13 % 181.73 % Portfolio turnover rate 2.99 % 1.84 % (1) The per common share data was derived by using the weighted average common shares outstanding during the period, except otherwise noted. (2) The amount shown does not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions. (3) Total return (not annualized) is calculated as the change in net asset value per common share plus dividends declared during the period divided by the beginning net asset value per common share. (4) Ratios are calculated using the average net assets of the Company attributable to the holders of Common Stock. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events Subsequent events have been evaluated through the date the consolidated financial statements were issued. There have been no subsequent events that require recognition or disclosure through the date the consolidated financial statements were issued.On May 3, 2023, in connection with the extension of the Investment Period, the reinvestment period and termination date of the JPM Funding Facility was each extended one year to December 3, 2024 and December 3, 2026, respectively. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). As an investment company, the Company applies the accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies (“ASC 946”) issued by the Financial Accounting Standards Board (“FASB”). The interim consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Articles 6 and 10 of Regulation S-X. Accordingly, certain disclosures accompanying the annual consolidated financial statements prepared in accordance with U.S. GAAP are omitted. In the opinion of management, all adjustments and reclassifications, consisting solely of normal recurring accruals considered necessary for the fair presentation of consolidated financial statements for the interim period presented, have been included. The current period’s results of operations will not necessarily be indicative of results that the Company may ultimately achieve for the year ending December 31, 2023. |
Use of Estimates | Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Such amounts could differ from those estimates and such differences could be material. Management’s estimates are based on historical experiences and other factors, including expectations of future events that management believes to be reasonable under the circumstances. Assumptions and estimates regarding the valuation of investments involve a higher degree of judgment and complexity and these assumptions and estimates may be significant to the consolidated financial statements. |
Consolidation | Consolidation As provided under ASC 946, the Company will not consolidate its investment in a company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company’s wholly-owned subsidiaries in its consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation. |
Cash | Cash Cash is carried at cost, which approximates fair value. The Company deposits its cash with multiple financial institutions and, at times, may exceed the Federal Deposit Insurance Corporation insured limit. |
Foreign Currency Translation | Foreign Currency TranslationThe functional currency of the Company is the U.S. Dollar. Investments denominated in foreign currencies are translated into U.S. Dollars based upon currency exchange rates effective on the last business day of the current reporting period. Net changes in fair value of investments due to foreign exchange rates fluctuation is recorded as change in unrealized appreciation (depreciation) from translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations. Investment and non-investment activities denominated in foreign currencies, including purchase and sales of investments, borrowings and repayments of debt, income and expenses, are translated into U.S. dollars based upon currency exchange rates prevailing on the transaction dates. |
Investments | Investments Investment transactions are recorded on the trade date. Receivables/payables from investments sold/purchased on the Consolidated Statements of Assets and Liabilities consist of amounts receivable to or payable by the Company for transactions that have not settled at the reporting date. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period. |
Interest and PIK Income | Interest Income Interest income is recorded on an accrual basis and includes the accretion of discounts and amortizations of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective investment using the effective interest method. The amortized cost of debt investments represents the original cost, including loan origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. Upon prepayment of a loan or debt investment, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. PIK Income The Company has debt investments in its portfolio that contain payment-in-kind (“PIK”) provisions. PIK represents interest that is accrued and recorded as interest income at the contractual rates, increases the loan principal on the respective capitalization dates, and is generally due at maturity. Such income is included in PIK income on the Consolidated Statements of Operations. If at any point the Company believes PIK is not expected to be realized, the investment generating PIK will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest is generally reversed through PIK income. This non-cash source of income is included when determining what must be paid out to stockholders in the form of distributions in order for the Company to maintain its status as a RIC, even though the Company has not yet collected cash. |
Dividend income | Dividend Income Dividend income on preferred equity investments is recorded on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity investments is recorded on the record date for private portfolio companies and on the ex-dividend date for publicly traded portfolio companies. Dividend income is presented net of withholding tax, if any. |
Other Income | Other IncomeThe Company may receive various fees in the ordinary course of business such as structuring, consent, waiver, amendment and syndication fees as well as fees for managerial assistance rendered by the Company to the portfolio companies. Such fees are recognized in income when earned or when the services are rendered and there is no uncertainty or contingency related to the amount to be received. |
Non-Accrual | Non-Accrual Income Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest are paid current and, in management’s judgment, are likely to remain current. Management may determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection. |
Organization and Offering Costs | Organization and Offering Costs Costs associated with the organization of the Company are expensed as incurred, subject to the limitations discussed in Note 3. These costs consist primarily of legal fees and other costs of organizing the Company. Costs associated with the offering of Common Stock and Series A Preferred Stock are capitalized as “deferred offering costs” on the Consolidated Statements of Assets and Liabilities and amortized over a twelve-month period from the initial capital call and preferred stock issuance date, respectively, subject to the limitation described in Note 3 below. These costs consist primarily of legal fees and other costs incurred in connection with the Company’s continuous private offerings of its Common Stock, and issuance of its Series A Preferred Stock. |
Expenses | Expenses The Company is responsible for investment expenses, professional fees and other general and administrative expenses related to the Company’s operations. Such fees and expenses, including expenses incurred by the Adviser on behalf of the Company, will be reimbursed by the Company, subject to contractual thresholds. The Company pays the Investment Adviser a base management fee (the “Base Management Fee”) under the Investment Advisory Agreement between the Company and the Investment Adviser (“the Investment Advisory Agreement”) as described in Note 3 below. The fee is recorded on the Consolidated Statements of Operations. |
Deferred Financing Costs | Deferred Financing Costs The Company records upfront fees, legal and other direct costs incurred in connection with the Company’s issuance of revolving debt facilities as Deferred Financing Costs. These costs are deferred and amortized over the life of the related revolving credit facilities using the straight-line method. Deferred financing costs related to revolving credit facilities are presented separately as an asset on the Company’s Consolidated Statements of Assets and Liabilities. The amortization of such Deferred Financing Costs are presented on the Company’s Consolidated Statements of Operations as interest expense and other financing expenses. |
Income Taxes | Income Taxes The Company has elected to be treated as a RIC under Subchapter M of the Code. So long as the Company maintains its status as a RIC, it generally will not pay corporate U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its stockholders as dividends. In order to qualify as a RIC, the Company must meet certain minimum distribution, source-of-income and asset diversification requirements. If such requirements are met, then the Company is generally required to pay income taxes only on the portion of its taxable income and gains it does not distribute. The minimum distribution requirements applicable to RICs require the Company to distribute to its stockholders at least 90% of its investment company taxable income (the “ICTI”), as defined by the Code, each year. Depending on the level of ICTI earned in a tax year, the Company may choose to carry forward ICTI in excess of current year distributions into the next tax year. Any such carryover ICTI must be distributed before the end of that next tax year through a dividend declared prior to filing the final tax return related to the year which generated such ICTI. In addition, based on the excise distribution requirements, the Company is subject to a 4% nondeductible federal excise tax on undistributed income unless the Company distributes in a timely manner an amount at least equal to the sum of (1) 98% of its ordinary income for each calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in the preceding year. For this purpose, however, any ordinary income or capital gain net income retained by the Company that is subject to corporate income tax is considered to have been distributed. The Company currently intends to make sufficient distributions each taxable year to satisfy the excise distribution requirements. The Company evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are “more likely than not” to be sustained by the applicable tax authority. All penalties and interest associated with income taxes, if any, are included in income tax expense. |
New Accounting Standards | New Accounting Standards In March 2020, the FASB issued Accounting Standards Update 2020-04 (“ASU 2020-04”) “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This accounting update provides optional accounting relief to entities with contracts, hedge accounting relationships or other transactions that reference LIBOR or other interest rate benchmarks for which the referenced rate is expected to be discontinued or replaced. This optional relief generally allows for contract modifications solely related to the replacement of the reference rate to be accounted for as a continuation of the existing contract instead of as an extinguishment of the contract, and would therefore not trigger certain accounting impacts that would otherwise be required. 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 adopted the accounting relief on January 1, 2022, and noted no material impact on the consolidated financial statements, as relevant contract relationship modifications are made during the course of the reference rate reform transition period. |
Investments (Tables)
Investments (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Schedule of Investments [Abstract] | |
Schedule of Investments | The composition of the Company’s investment portfolio at cost and fair value was as follows: March 31, 2023 December 31, 2022 Cost Fair Value % of Total Investments at Fair Value Cost Fair Value % of Total Investments at Fair Value First Lien Debt $ 1,104,281 $ 1,078,066 98.3 % $ 1,085,829 $ 1,061,160 98.5 % Second Lien Debt 9,884 9,601 0.9 8,381 7,972 0.7 Other Securities 9,059 9,201 0.8 8,975 8,985 0.8 Total $ 1,123,224 $ 1,096,868 100.0 % $ 1,103,185 $ 1,078,117 100.0 % The industry composition of investments at fair value was as follows: March 31, 2023 December 31, 2022 (1) Aerospace and Defense 4.1 % 4.1 % Air Freight and Logistics 1.8 1.7 Automobile Components 3.5 3.5 Automobiles 4.5 4.5 Biotechnology 0.6 0.6 Chemicals 0.1 0.1 Commercial Services & Supplies 15.9 16.0 Construction and Engineering 1.5 1.5 Containers & Packaging 3.3 3.3 Distributors 3.1 4.5 Diversified Consumer Services 4.0 3.6 Electronic Equipment, Instruments & Components 1.2 0.6 Financial Services 1.3 1.5 Food Products 0.3 0.3 Health Care Equipment & Supplies 0.4 0.4 Health Care Providers & Services 3.9 3.6 Health Care Technology 0.7 0.6 Industrial Conglomerates 1.3 0.1 Insurance Services 13.6 13.8 Interactive Media & Services 3.7 3.6 IT Services 6.4 6.8 Leisure Products 1.7 2.0 Machinery 2.5 2.5 Multi-Utilities 2.5 2.6 Oil, Gas & Consumable Fuels — — (2) Pharmaceuticals 0.2 0.2 Professional Services 3.1 3.1 Real Estate Management & Development 3.3 3.3 Software 11.5 11.6 Total 100.0 % 100.0 % (1) The Company reclassified certain industry groupings of its portfolio companies presented in the consolidated financial statements as of December 31, 2022 to align with the recently updated GICS where applicable. These reclassifications had no impact on the Consolidated Statement of Assets and Liabilities as of December 31, 2022. (2) Amounts rounds to 0.0% The geographic composition of investments at cost and fair value were as follows: March 31, 2023 December 31, 2022 Cost Fair Value % of Total Cost Fair Value % of Total Australia $ 1,297 $ 1,290 0.1 % $ 1,298 $ 1,279 0.1 % Canada 43,313 42,237 3.9 46,200 44,881 4.2 United Kingdom 1,861 1,862 0.2 1,847 1,847 0.2 United States 1,076,753 1,051,479 95.8 1,053,840 1,030,110 95.5 Total $ 1,123,224 $ 1,096,868 100.0 % $ 1,103,185 $ 1,078,117 100.0 % |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Schedule of Portfolio Investments by Level in the Fair Value Hierarchy | The following tables present the fair value hierarchy of investments as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total First Lien Debt $ — $ 3,564 $ 1,074,502 $ 1,078,066 $ — $ 3,611 $ 1,057,549 $ 1,061,160 Second Lien Debt — 965 8,636 9,601 — 963 7,009 7,972 Other Securities — — 9,201 9,201 — — 8,985 8,985 Total $ — $ 4,529 $ 1,092,339 $ 1,096,868 $ — $ 4,574 $ 1,073,543 $ 1,078,117 |
Changes in Level III Portfolio Investments | The following table presents changes in the fair value of the investments for which Level 3 inputs were used to determine the fair value for the three months ended March 31, 2023: First Lien Debt Second Lien Debt Other Securities Total Investments Fair value, beginning of period $ 1,057,549 $ 7,009 $ 8,985 $ 1,073,543 Purchases of investments 50,051 1,500 15 51,566 Proceeds from principal repayments and sales of investments (32,764) — — (32,764) Accretion of discount/amortization of premium 960 3 — 963 Payment-in-kind 150 — 69 219 Net change in unrealized appreciation (depreciation) (1,507) 124 132 (1,251) Net realized gains (losses) 63 — — 63 Transfers into/(out) of Level 3 — — — — Fair value, end of period $ 1,074,502 $ 8,636 $ 9,201 $ 1,092,339 Net change in unrealized appreciation (depreciation) from investments still held as of March 31, 2023 $ (1,507) $ 124 $ 132 $ (1,251) The following table presents changes in the fair value of the investments for which Level 3 inputs were used to determine the fair value for the three months ended March 31, 2022: First Lien Debt Second Lien Debt Other Securities Total Investments Fair value, beginning of period $ 867,855 $ 7,485 $ 6,412 $ 881,752 Purchases of investments 69,324 — — 69,324 Proceeds from principal repayments and sales of investments (13,265) — (8) (13,273) Accretion of discount/amortization of premium 714 6 — 720 Payment-in-kind 85 — — 85 Net change in unrealized appreciation (depreciation) (757) (18) 18 (757) Net realized gains (losses) 59 — 8 67 Transfers into/(out) of Level 3 — — — — Fair value, end of period $ 924,015 $ 7,473 $ 6,430 $ 937,918 Net change in unrealized appreciation (depreciation) from investments still held as of March 31, 2022 $ (696) $ (15) $ 18 $ (693) |
Schedule of Fair Value Measurement Inputs and Valuation Techniques | The following table presents quantitative information about the significant unobservable inputs of the Company’s Level 3 financial instruments. The table is not intended to be all-inclusive but instead captures the significant unobservable inputs relevant to the Company’s determination of fair value. March 31, 2023 Fair Valuation Technique Unobservable Range Weighted Low High Investments in first lien debt $ 1,069,951 Yield Analysis Discount Rate 8.97 % 20.19 % 10.93 % Investments in first lien debt 4,551 Recent Transaction Recent Transaction 100.00 % 100.00 % 100.00 % Total investments in first lien debt 1,074,502 Investments in second lien debt 8,636 Yield Analysis Discount Rate 11.66 % 14.30 % 12.42 % Investments in other securities: Other debt 200 Market Approach EBITDA Multiple 9.00x 9.00x 9.00x Other debt 403 Income Approach Discount Rate 14.50 % 14.50 % 14.50 % Preferred equity 4,197 Income Approach Discount Rate 12.19 % 15.54 % 14.07 % Preferred equity 150 Market Approach Revenue Multiple 7.50x 7.50x 7.50x Common equity 4,251 Market Approach EBITDA Multiple 8.10x 19.60x 14.48x Total investments in other securities 9,201 Total investments $ 1,092,339 December 31, 2022 Fair Valuation Technique Unobservable Range Weighted Low High Investments in first lien debt $ 1,038,692 Yield Analysis Discount Rate 9.20 % 20.44 % 11.07 % Investments in first lien debt 18,857 Recent Transaction Recent Transaction 100.00 % 100.00 % 100.00 % Total investments in first lien debt 1,057,549 Investments in second lien debt 7,009 Yield Analysis Discount Rate 12.14 % 15.30 % 13.36 % Investments in other securities: Other debt 124 Market Approach EBITDA Multiple 9.00x 9.00x 9.00x Other debt 399 Yield Analysis Discount Rate 16.60 % 16.60 % 16.60 % Preferred equity 3,894 Income Approach Discount Rate 12.20 % 15.54 % 14.10 % Preferred equity 170 Market Approach Revenue Multiple 8.78x 8.78x 8.78x Common equity 4,398 Market Approach EBITDA Multiple 8.10x 18.70x 13.90x Total investments in other securities 8,985 Total investments $ 1,073,543 |
Schedule of Carrying Values and Fair Values of Debt | The carrying value and fair value of the Company’s debt were as follows: March 31, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value JPM Funding Facility $ 619,673 $ 619,673 $ 591,307 $ 591,307 Total $ 619,673 $ 619,673 $ 591,307 $ 591,307 |
Debt (Tables)
Debt (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of Long-Term Debt Instruments | The summary information of the JPM Funding Facility is as follows: For the Three Months Ended March 31, 2023 March 31, 2022 Borrowing interest expense $ 10,879 $ 3,242 Facility unused commitment fees 1,274 466 Amortization of deferred financing costs 1,067 402 Total $ 13,220 $ 4,110 Weighted average interest rate (excluding unused fees and financing costs) 7.04 % 2.59 % Weighted average outstanding balance $ 618,224 $ 501,189 The Company’s outstanding debt obligations were as follows: March 31, 2023 December 31, 2022 Aggregate Principal Committed Outstanding Principal Unused Portion Aggregate Principal Committed Outstanding Principal Unused Portion JPM Funding Facility $ 900,000 $ 619,673 $ 280,327 $ 1,000,000 $ 591,307 $ 408,693 Total $ 900,000 $ 619,673 $ 280,327 $ 1,000,000 $ 591,307 $ 408,693 |
Net Assets (Tables)
Net Assets (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Equity [Abstract] | |
Schedule of Distributable Earnings | The following table shows the components of net distributable earnings (accumulated losses) as shown on the Consolidated Statements of Assets and Liabilities: As of March 31, 2023 December 31, 2022 Net distributable earnings (accumulated losses), beginning of period $ (23,681) $ 4,807 Net investment income (loss) after taxes 17,645 52,004 Accumulated realized gain (loss) 63 202 Net unrealized appreciation (depreciation) (1,288) (28,306) Dividends declared (16,533) (52,392) Tax reclassifications to equity of holders of Common Stock — 4 Net distributable earnings (accumulated losses), end of period $ (23,794) $ (23,681) |
Schedule of Dividends Declared and Payable | The following table summarizes the Company’s distributions declared and payable for the three months ended March 31, 2023 to the holders of Common Stock: Date Declared Record Date Payment Date Per Share Amount Total Amount March 28, 2023 March 28, 2023 April 20, 2023 $ 0.64 $ 16,517 Total Distributions $ 0.64 $ 16,517 |
Schedule of DRIP Shares Issued | The following table summarizes the Company’s distributions declared and payable for the three months ended March 31, 2022 to the holders of Common Stock: Date Declared Record Date Payment Date Per Share Amount Total Amount March 25, 2022 March 25, 2022 April 22, 2022 $ 0.62 $ 12,551 Total Distributions $ 0.62 $ 12,551 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of basic and diluted earnings per common share: For the Three Months Ended March 31, 2023 March 31, 2022 Net increase/(decrease) in net assets resulting from operations attributable to holders of Common Stock $ 16,404 $ 10,729 Weighted average shares outstanding 25,807,951 20,244,075 Basic and diluted earnings (loss) per common share $ 0.64 $ 0.53 |
Consolidated Financial Highli_2
Consolidated Financial Highlights (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Investment Company [Abstract] | |
Schedule of Financial Highlights | The following are the financial highlights (dollar amounts in thousands, except per share amounts): For the Three Months Ended March 31, 2023 March 31, 2022 Per Share Data: (1) Net asset value, beginning of period $ 19.98 $ 21.20 Net investment income (loss) 0.68 0.57 Net unrealized and realized gain (loss) (2) (0.04) (0.04) Net increase (decrease) in net assets resulting from operations 0.64 0.53 Dividends declared (0.64) (0.62) Issuance of common stock — — Total increase (decrease) in net assets — (0.09) Net asset value per common share, end of period $ 19.98 $ 21.11 Common shares outstanding, end of period 25,807,951 20,244,075 Total return based on net asset value (3) 3.20 % 2.50 % Ratio/Supplemental Data (all amounts in thousands except ratios and shares): Net assets attributable to the holders of Common Stock, end of period $ 515,598 $ 427,381 Weighted average common shares outstanding 25,807,951 20,244,075 Ratio of total expenses to average net assets (4) 10.84 % 4.55 % Ratio of net investment income to average net assets (4) 13.66 % 10.77 % Ratio of total contributed capital to total committed capital, end of period 80.67 % 65.10 % Asset coverage ratio 183.13 % 181.73 % Portfolio turnover rate 2.99 % 1.84 % (1) The per common share data was derived by using the weighted average common shares outstanding during the period, except otherwise noted. (2) The amount shown does not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions. (3) Total return (not annualized) is calculated as the change in net asset value per common share plus dividends declared during the period divided by the beginning net asset value per common share. (4) Ratios are calculated using the average net assets of the Company attributable to the holders of Common Stock. |
Organization (Details)
Organization (Details) - $ / shares | Oct. 19, 2020 | Sep. 10, 2020 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 24, 2020 |
Class of Stock [Line Items] | |||||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | ||
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 | 100,000,000 | ||
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 | 1,000,000 | ||
Sale of stock (in shares) | 1,000 | ||||
Price per share (in dollars per share) | $ 20 | ||||
Series A Preferred Stock | |||||
Class of Stock [Line Items] | |||||
Sale of stock (in shares) | 521 | ||||
Price per share (in dollars per share) | $ 1,000 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Accounting Policies [Abstract] | ||
Excise tax expense | $ 23 | $ 0 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | ||||
Sep. 10, 2020 | Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Feb. 01, 2021 | |
Related Party Transaction [Line Items] | |||||
Management fees, net of waiver | $ 337 | $ 265 | |||
Management fees payable | 337 | $ 325 | |||
Payable to affiliate | 780 | $ 1,167 | |||
Threshold for waiver amount | $ 1 | ||||
Threshold for waiver percentage | 0.10% | ||||
Organization expense | $ 0 | $ 0 | |||
Sale of stock (in shares) | 1,000 | ||||
Price per share (in dollars per share) | $ 20 | ||||
Aggregate purchase price | $ 20 | ||||
Affiliated Entity | |||||
Related Party Transaction [Line Items] | |||||
Base management fee rate | 0.25% | ||||
Administration Agreement | Affiliated Entity | |||||
Related Party Transaction [Line Items] | |||||
Initial term | 2 years |
Investments (Details)
Investments (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | ||||
Schedule of Investments [Line Items] | ||||||
Cost | $ 1,123,224 | [1],[2],[3] | $ 1,103,185 | [4],[5] | ||
Fair Value | $ 1,096,868 | [2],[3] | $ 1,078,117 | [5] | ||
Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 100% | 100% | 100% | |||
Australia | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | $ 1,297 | $ 1,298 | ||||
Fair Value | $ 1,290 | 1,279 | ||||
Australia | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 0.10% | 0.10% | ||||
Canada | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | $ 43,313 | 46,200 | ||||
Fair Value | $ 42,237 | 44,881 | ||||
Canada | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 3.90% | 4.20% | ||||
United Kingdom | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | $ 1,861 | 1,847 | ||||
Fair Value | $ 1,862 | 1,847 | ||||
United Kingdom | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 0.20% | 0.20% | ||||
United States | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | $ 1,076,753 | 1,053,840 | ||||
Fair Value | $ 1,051,479 | $ 1,030,110 | ||||
United States | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 95.80% | 95.50% | ||||
Aerospace and Defense | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 4.10% | 4.10% | ||||
Air Freight & Logistics | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 1.80% | 1.70% | ||||
Automobile Components | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 3.50% | 3.50% | ||||
Automobiles | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 4.50% | 4.50% | ||||
Biotechnology | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 0.60% | 0.60% | ||||
Chemicals | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 0.10% | 0.10% | ||||
Commercial Services & Supplies | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 15.90% | 16% | ||||
Construction & Engineering | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 1.50% | 1.50% | ||||
Containers & Packaging | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 3.30% | 3.30% | ||||
Distributors | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 3.10% | 4.50% | ||||
Diversified Consumer Services | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 4% | 3.60% | ||||
Electronic Equipment, Instruments & Components | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 1.20% | 0.60% | ||||
Financial Services | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 1.30% | 1.50% | ||||
Food Products | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 0.30% | 0.30% | ||||
Health Care Equipment & Supplies | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 0.40% | 0.40% | ||||
Health Care Providers & Services | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 3.90% | 3.60% | ||||
Health Care Technology | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 0.70% | 0.60% | ||||
Industrial Conglomerates | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 1.30% | 0.10% | ||||
Insurance Sector | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 13.60% | 13.80% | ||||
Interactive Media & Services | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 3.70% | 3.60% | ||||
IT Services | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 6.40% | 6.80% | ||||
Leisure Products | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 1.70% | 2% | ||||
Machinery | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 2.50% | 2.50% | ||||
Multi-Utilities | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 2.50% | 2.60% | ||||
Oil, Gas & Consumable Fuels | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 0% | 0% | ||||
Pharmaceuticals | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 0.20% | 0.20% | ||||
Professional Services | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 3.10% | 3.10% | ||||
Real Estate Management & Development | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 3.30% | 3.30% | ||||
Software | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 11.50% | 11.60% | ||||
First Lien Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | $ 1,104,281 | [1] | $ 1,085,829 | [4] | ||
Fair Value | $ 1,078,066 | $ 1,061,160 | ||||
First Lien Debt | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 98.30% | 98.50% | ||||
First Lien Debt | Aerospace and Defense | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | $ 45,308 | [1] | $ 44,903 | [4] | ||
Fair Value | 44,863 | 44,243 | ||||
First Lien Debt | Air Freight & Logistics | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 19,057 | [1] | 18,136 | [4] | ||
Fair Value | 18,579 | 17,493 | ||||
First Lien Debt | Automobile Components | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 39,075 | [1] | 39,132 | [4] | ||
Fair Value | 37,640 | 37,816 | ||||
First Lien Debt | Automobiles | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 50,045 | [1] | 49,749 | [4] | ||
Fair Value | 49,124 | 48,439 | ||||
First Lien Debt | Biotechnology | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 6,342 | [1] | 6,356 | [4] | ||
Fair Value | 6,219 | 6,174 | ||||
First Lien Debt | Chemicals | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 1,531 | [1] | 1,501 | [4] | ||
Fair Value | 1,490 | 1,445 | ||||
First Lien Debt | Commercial Services & Supplies | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 174,906 | [1] | 174,025 | [4] | ||
Fair Value | 173,068 | 171,373 | ||||
First Lien Debt | Construction & Engineering | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 16,442 | [1] | 16,271 | [4] | ||
Fair Value | 15,990 | 15,753 | ||||
First Lien Debt | Containers & Packaging | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 34,546 | [1] | 34,597 | [4] | ||
Fair Value | 33,533 | 33,229 | ||||
First Lien Debt | Distributors | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 35,447 | [1] | 48,877 | [4] | ||
Fair Value | 33,828 | 48,050 | ||||
First Lien Debt | Diversified Consumer Services | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 44,457 | [1] | 39,838 | [4] | ||
Fair Value | 43,707 | 39,268 | ||||
First Lien Debt | Electronic Equipment, Instruments & Components | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 8,860 | [1] | 4,255 | [4] | ||
Fair Value | 8,746 | 4,079 | ||||
First Lien Debt | Financial Services | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 15,039 | [1] | 16,453 | [4] | ||
Fair Value | 14,738 | 16,092 | ||||
First Lien Debt | Health Care Equipment & Supplies | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | [1] | 4,531 | ||||
Fair Value | 4,439 | |||||
First Lien Debt | Health Care Providers & Services | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 42,763 | [1] | 39,048 | [4] | ||
Fair Value | 41,824 | 37,913 | ||||
First Lien Debt | Health Care Technology | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 7,411 | [1] | 7,156 | [4] | ||
Fair Value | 7,345 | 7,049 | ||||
First Lien Debt | Industrial Conglomerates | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | [1] | 13,634 | ||||
Fair Value | 13,642 | |||||
First Lien Debt | Insurance Sector | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 151,152 | [1] | 149,859 | [4] | ||
Fair Value | 147,641 | 147,270 | ||||
First Lien Debt | Interactive Media & Services | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 40,525 | [1] | 40,280 | [4] | ||
Fair Value | 40,053 | 39,309 | ||||
First Lien Debt | IT Services | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 72,976 | [1] | 74,354 | [4] | ||
Fair Value | 68,371 | 71,164 | ||||
First Lien Debt | Leisure Products | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 21,124 | [1] | 21,168 | [4] | ||
Fair Value | 19,788 | 21,030 | ||||
First Lien Debt | Machinery | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 28,047 | [1] | 28,093 | [4] | ||
Fair Value | 27,630 | 27,533 | ||||
First Lien Debt | Multi-Utilities | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 28,896 | [1] | 28,100 | [4] | ||
Fair Value | 27,896 | 27,693 | ||||
First Lien Debt | Oil, Gas & Consumable Fuels | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | [4] | 399 | ||||
Fair Value | 390 | |||||
First Lien Debt | Pharmaceuticals | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 1,861 | [1] | 1,847 | [4] | ||
Fair Value | 1,862 | 1,847 | ||||
First Lien Debt | Professional Services | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 34,102 | [1] | 33,085 | [4] | ||
Fair Value | 33,874 | 32,799 | ||||
First Lien Debt | Real Estate Management & Development | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 38,213 | [1] | 37,024 | [4] | ||
Fair Value | 37,391 | 35,854 | ||||
First Lien Debt | Software | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 124,420 | [1] | 123,802 | [4] | ||
Fair Value | 121,733 | 121,011 | ||||
Second Lien Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 9,884 | 8,381 | [4] | |||
Fair Value | $ 9,601 | $ 7,972 | ||||
Second Lien Debt | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 0.90% | 0.70% | ||||
Second Lien Debt | Electronic Equipment, Instruments & Components | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | $ 4,489 | [1] | $ 2,989 | [4] | ||
Fair Value | 4,364 | 2,858 | ||||
Second Lien Debt | Health Care Providers & Services | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 484 | [1] | 483 | [4] | ||
Fair Value | 465 | 450 | ||||
Second Lien Debt | IT Services | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 1,509 | [1] | 1,509 | [4] | ||
Fair Value | 1,479 | 1,439 | ||||
Second Lien Debt | Software | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | [1] | 9,884 | ||||
Fair Value | 9,601 | |||||
Other Securities | ||||||
Schedule of Investments [Line Items] | ||||||
Cost | 9,059 | [1] | 8,975 | [4] | ||
Fair Value | $ 9,201 | $ 8,985 | ||||
Other Securities | Investment Owned at Fair Value | Investment Type Concentration Risk | ||||||
Schedule of Investments [Line Items] | ||||||
% of Total Investments at Fair Value | 0.80% | 0.80% | ||||
[1]The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.[2]Unless otherwise indicated, issuers of debt and equity investments held by the Company (which such term “Company” shall include the Company’s consolidated subsidiaries for purposes of this Consolidated Schedule of Investments) are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “1940 Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of March 31, 2023, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of March 31, 2023, the Company is not an “affiliated person” of any of its portfolio companies.[3]Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to either LIBOR (“L” or “LIBOR”) or an alternate base rate (commonly based on the Federal Funds Rate (“F”) or the U.S. Prime Rate (“P”)), each of which generally resets periodically. For each loan, the Company has indicated the reference rate used and provided the spread and the interest rate in effect as of March 31, 2023. As of March 31, 2023, the reference rates for our variable rate loans were the 3-month E at 3.04%, 1-month L at 4.86%, 3-month L at 5.19%, the 6-month L at 5.31%, 1-month S at 4.80%, 3-month S at 4.91%, 6-month S at 4.90%, and the P at 8.00%.[4]The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.[5]Unless otherwise indicated, issuers of debt and equity investments held by the Company are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the 1940 Act, the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of December 31, 2022, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of December 31, 2022, the Company is not an “affiliated person” of any of its portfolio companies. |
Fair Value Measurements - Fair
Fair Value Measurements - Fair Value Levels (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | $ 1,096,868 | [1],[2] | $ 1,078,117 | [3] |
Level 1 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 0 | 0 | ||
Level 2 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 4,529 | 4,574 | ||
Level 3 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 1,092,339 | 1,073,543 | ||
Total | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 1,096,868 | 1,078,117 | ||
First Lien Debt | Level 1 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 0 | 0 | ||
First Lien Debt | Level 2 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 3,564 | 3,611 | ||
First Lien Debt | Level 3 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 1,074,502 | 1,057,549 | ||
First Lien Debt | Total | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 1,078,066 | 1,061,160 | ||
Second Lien Debt | Level 1 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 0 | 0 | ||
Second Lien Debt | Level 2 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 965 | 963 | ||
Second Lien Debt | Level 3 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 8,636 | 7,009 | ||
Second Lien Debt | Total | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 9,601 | 7,972 | ||
Other Securities | Level 1 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 0 | 0 | ||
Other Securities | Level 2 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 0 | 0 | ||
Other Securities | Level 3 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | 9,201 | 8,985 | ||
Other Securities | Total | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value | $ 9,201 | $ 8,985 | ||
[1]Unless otherwise indicated, issuers of debt and equity investments held by the Company (which such term “Company” shall include the Company’s consolidated subsidiaries for purposes of this Consolidated Schedule of Investments) are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “1940 Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of March 31, 2023, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of March 31, 2023, the Company is not an “affiliated person” of any of its portfolio companies.[2]Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to either LIBOR (“L” or “LIBOR”) or an alternate base rate (commonly based on the Federal Funds Rate (“F”) or the U.S. Prime Rate (“P”)), each of which generally resets periodically. For each loan, the Company has indicated the reference rate used and provided the spread and the interest rate in effect as of March 31, 2023. As of March 31, 2023, the reference rates for our variable rate loans were the 3-month E at 3.04%, 1-month L at 4.86%, 3-month L at 5.19%, the 6-month L at 5.31%, 1-month S at 4.80%, 3-month S at 4.91%, 6-month S at 4.90%, and the P at 8.00%.[3]Unless otherwise indicated, issuers of debt and equity investments held by the Company are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the 1940 Act, the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of December 31, 2022, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of December 31, 2022, the Company is not an “affiliated person” of any of its portfolio companies. |
Fair Value Measurements - Level
Fair Value Measurements - Level III Rollforward (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair value, beginning of period | $ 1,073,543 | $ 881,752 |
Purchases of investments | 51,566 | 69,324 |
Proceeds from principal repayments and sales of investments | (32,764) | (13,273) |
Accretion of discount/amortization of premium | 963 | 720 |
Payment-in-kind | 219 | 85 |
Transfers into/(out) of Level 3 | 0 | 0 |
Fair value, end of period | 1,092,339 | 937,918 |
Net change in unrealized appreciation (depreciation) from investments still held | (1,251) | (693) |
Net change in unrealized appreciation (depreciation) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | (1,251) | (757) |
Net realized gains (losses) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 63 | 67 |
First Lien Debt | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair value, beginning of period | 1,057,549 | 867,855 |
Purchases of investments | 50,051 | 69,324 |
Proceeds from principal repayments and sales of investments | (32,764) | (13,265) |
Accretion of discount/amortization of premium | 960 | 714 |
Payment-in-kind | 150 | 85 |
Transfers into/(out) of Level 3 | 0 | 0 |
Fair value, end of period | 1,074,502 | 924,015 |
Net change in unrealized appreciation (depreciation) from investments still held | (1,507) | (696) |
First Lien Debt | Net change in unrealized appreciation (depreciation) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | (1,507) | (757) |
First Lien Debt | Net realized gains (losses) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 63 | 59 |
Second Lien Debt | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair value, beginning of period | 7,009 | 7,485 |
Purchases of investments | 1,500 | 0 |
Proceeds from principal repayments and sales of investments | 0 | 0 |
Accretion of discount/amortization of premium | 3 | 6 |
Payment-in-kind | 0 | 0 |
Transfers into/(out) of Level 3 | 0 | 0 |
Fair value, end of period | 8,636 | 7,473 |
Net change in unrealized appreciation (depreciation) from investments still held | 124 | (15) |
Second Lien Debt | Net change in unrealized appreciation (depreciation) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 124 | (18) |
Second Lien Debt | Net realized gains (losses) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 0 | 0 |
Other Securities | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair value, beginning of period | 8,985 | 6,412 |
Purchases of investments | 15 | 0 |
Proceeds from principal repayments and sales of investments | 0 | (8) |
Accretion of discount/amortization of premium | 0 | 0 |
Payment-in-kind | 69 | 0 |
Transfers into/(out) of Level 3 | 0 | 0 |
Fair value, end of period | 9,201 | 6,430 |
Net change in unrealized appreciation (depreciation) from investments still held | 132 | 18 |
Other Securities | Net change in unrealized appreciation (depreciation) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | 132 | 18 |
Other Securities | Net realized gains (losses) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total gains or losses included in earnings | $ 0 | $ 8 |
Fair Value Measurements - Unobs
Fair Value Measurements - Unobservable Inputs (Details) $ in Thousands | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 1,096,868 | [1],[2] | $ 1,078,117 | [3] |
Level 3 | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | 1,092,339 | 1,073,543 | ||
Level 3 | First Lien Debt | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | 1,074,502 | 1,057,549 | ||
Level 3 | First Lien Debt | Yield Analysis | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 1,069,951 | $ 1,038,692 | ||
Level 3 | First Lien Debt | Yield Analysis | Low | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.0897 | 0.0920 | ||
Level 3 | First Lien Debt | Yield Analysis | High | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.2019 | 0.2044 | ||
Level 3 | First Lien Debt | Yield Analysis | Weighted Average | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.1093 | 0.1107 | ||
Level 3 | First Lien Debt | Recent Transaction | Recent Transaction | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 4,551 | $ 18,857 | ||
Level 3 | First Lien Debt | Recent Transaction | Low | Recent Transaction | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 1 | 1 | ||
Level 3 | First Lien Debt | Recent Transaction | High | Recent Transaction | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 1 | 1 | ||
Level 3 | First Lien Debt | Recent Transaction | Weighted Average | Recent Transaction | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 1 | 1 | ||
Level 3 | Second Lien Debt | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 8,636 | $ 7,009 | ||
Level 3 | Second Lien Debt | Yield Analysis | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 8,636 | $ 7,009 | ||
Level 3 | Second Lien Debt | Yield Analysis | Low | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.1166 | 0.1214 | ||
Level 3 | Second Lien Debt | Yield Analysis | High | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.1430 | 0.1530 | ||
Level 3 | Second Lien Debt | Yield Analysis | Weighted Average | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.1242 | 0.1336 | ||
Level 3 | Other debt | Income Approach | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 403 | $ 399 | ||
Level 3 | Other debt | Income Approach | Low | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.1450 | 0.1660 | ||
Level 3 | Other debt | Income Approach | High | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.1450 | 0.1660 | ||
Level 3 | Other debt | Income Approach | Weighted Average | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.1450 | 0.1660 | ||
Level 3 | Other debt | Market Approach | EBITDA Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 200 | $ 124 | ||
Level 3 | Other debt | Market Approach | Low | EBITDA Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.09 | 9 | ||
Level 3 | Other debt | Market Approach | High | EBITDA Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.09 | 9 | ||
Level 3 | Other debt | Market Approach | Weighted Average | EBITDA Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.09 | 9 | ||
Level 3 | Preferred equity | Income Approach | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 4,197 | $ 3,894 | ||
Level 3 | Preferred equity | Income Approach | Low | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.1219 | 0.1220 | ||
Level 3 | Preferred equity | Income Approach | High | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.1554 | 0.1554 | ||
Level 3 | Preferred equity | Income Approach | Weighted Average | Discount Rate | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 0.1407 | 0.1410 | ||
Level 3 | Preferred equity | Market Approach | Revenue Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 150 | $ 170 | ||
Level 3 | Preferred equity | Market Approach | Low | Revenue Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 7.5 | 8.78 | ||
Level 3 | Preferred equity | Market Approach | High | Revenue Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 7.5 | 8.78 | ||
Level 3 | Preferred equity | Market Approach | Weighted Average | Revenue Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 7.5 | 8.78 | ||
Level 3 | Common equity | Market Approach | EBITDA Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 4,251 | $ 4,398 | ||
Level 3 | Common equity | Market Approach | Low | EBITDA Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 8.1 | 8.1 | ||
Level 3 | Common equity | Market Approach | High | EBITDA Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 19.6 | 18.7 | ||
Level 3 | Common equity | Market Approach | Weighted Average | EBITDA Multiple | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Measurement input | 14.48 | 13.9 | ||
Level 3 | Other Securities | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 9,201 | $ 8,985 | ||
[1]Unless otherwise indicated, issuers of debt and equity investments held by the Company (which such term “Company” shall include the Company’s consolidated subsidiaries for purposes of this Consolidated Schedule of Investments) are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “1940 Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of March 31, 2023, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of March 31, 2023, the Company is not an “affiliated person” of any of its portfolio companies.[2]Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to either LIBOR (“L” or “LIBOR”) or an alternate base rate (commonly based on the Federal Funds Rate (“F”) or the U.S. Prime Rate (“P”)), each of which generally resets periodically. For each loan, the Company has indicated the reference rate used and provided the spread and the interest rate in effect as of March 31, 2023. As of March 31, 2023, the reference rates for our variable rate loans were the 3-month E at 3.04%, 1-month L at 4.86%, 3-month L at 5.19%, the 6-month L at 5.31%, 1-month S at 4.80%, 3-month S at 4.91%, 6-month S at 4.90%, and the P at 8.00%.[3]Unless otherwise indicated, issuers of debt and equity investments held by the Company are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the 1940 Act, the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of December 31, 2022, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of December 31, 2022, the Company is not an “affiliated person” of any of its portfolio companies. |
Fair Value Measurements - Carry
Fair Value Measurements - Carrying Value and Fair Value of Debt (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Carrying Value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt | $ 619,673 | $ 591,307 |
Carrying Value | JPM Funding Facility | Line of Credit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt | 619,673 | 591,307 |
Fair Value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt | 619,673 | 591,307 |
Fair Value | JPM Funding Facility | Line of Credit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt | $ 619,673 | $ 591,307 |
Debt - Narrative (Details)
Debt - Narrative (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Debt Instrument [Line Items] | |||
Aggregate principal amount | $ 900,000 | $ 1,000,000 | |
JPM Funding Facility | Line of Credit | |||
Debt Instrument [Line Items] | |||
Aggregate principal amount | 900,000 | $ 1,000,000 | |
Borrowings from lines of credit | 45,000 | $ 37,000 | |
Repayments for borrowings from lines of credit | $ 16,634 | $ 18,000 | |
JPM Funding Facility | Base Rate | |||
Debt Instrument [Line Items] | |||
Interest rate | 0.50% | ||
JPM Funding Facility | SOFR, SONIA, EURIBOR, Or CDOR | Variable Rate Component One | |||
Debt Instrument [Line Items] | |||
Interest rate | 2.325% | ||
JPM Funding Facility | SOFR, SONIA, EURIBOR, Or CDOR | Variable Rate Component Two | |||
Debt Instrument [Line Items] | |||
Interest rate | 2.475% |
Debt - Schedule of Long-Term De
Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Debt Instrument [Line Items] | ||
Amortization of deferred financing costs | $ 1,067 | $ 402 |
Total | 13,220 | 4,110 |
JPM Funding Facility | Line of Credit | ||
Debt Instrument [Line Items] | ||
Borrowing interest expense | 10,879 | 3,242 |
Facility unused commitment fees | 1,274 | 466 |
Amortization of deferred financing costs | 1,067 | 402 |
Total | $ 13,220 | $ 4,110 |
Weighted average interest rate (excluding unused fees and financing costs) | 7.04% | 2.59% |
Weighted average outstanding balance | $ 618,224 | $ 501,189 |
Debt - Schedule of Debt Obligat
Debt - Schedule of Debt Obligations (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Debt Instrument [Line Items] | ||
Aggregate Principal Committed | $ 900,000 | $ 1,000,000 |
Outstanding Principal | 619,673 | 591,307 |
Unused Portion | 280,327 | 408,693 |
JPM Funding Facility | Line of Credit | ||
Debt Instrument [Line Items] | ||
Aggregate Principal Committed | 900,000 | 1,000,000 |
Outstanding Principal | 619,673 | 591,307 |
Unused Portion | $ 280,327 | $ 408,693 |
Commitment and Contingencies (D
Commitment and Contingencies (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Dec. 31, 2022 | |
Unfunded Debt Securities | ||
Financial Support for Nonconsolidated Legal Entity [Line Items] | ||
Unfunded commitments | $ 112,497 | $ 140,889 |
Financial Support, Capital Contributions | ||
Financial Support for Nonconsolidated Legal Entity [Line Items] | ||
Unfunded commitments | 129,300 | 129,300 |
Capital commitments | $ 668,800 | $ 668,800 |
Net Assets - Schedule of Distri
Net Assets - Schedule of Distributable Earnings (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Investment Company, Net Assets [Roll Forward] | |||
Net distributable earnings (accumulated losses), beginning of period | $ (23,681) | ||
Net investment income (loss) after taxes | 17,645 | $ 11,480 | |
Accumulated net realized gain (loss) | 63 | 64 | |
Net change in unrealized appreciation (depreciation) | (1,288) | (799) | |
Dividends declared on Preferred Stock and Common Stock | (16,533) | (12,567) | |
Net distributable earnings (accumulated losses), end of period | (23,794) | $ (23,681) | |
Net distributable earnings (accumulated losses) | |||
Investment Company, Net Assets [Roll Forward] | |||
Net distributable earnings (accumulated losses), beginning of period | (23,681) | $ 4,807 | 4,807 |
Net investment income (loss) after taxes | 17,645 | 52,004 | |
Accumulated net realized gain (loss) | 63 | 202 | |
Net change in unrealized appreciation (depreciation) | (1,288) | (28,306) | |
Dividends declared on Preferred Stock and Common Stock | (16,533) | (52,392) | |
Tax reclassification of stockholders’ equity | 0 | 4 | |
Net distributable earnings (accumulated losses), end of period | $ (23,794) | $ (23,681) |
Net Assets - Distributions Decl
Net Assets - Distributions Declared and Payable (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |||
Mar. 28, 2023 | Mar. 25, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Equity [Abstract] | ||||
Per Share Amount (in dollars per share) | $ 0.64 | $ 0.62 | $ 0.64 | $ 0.62 |
Total Amount | $ 16,517 | $ 12,551 | $ 16,517 | $ 12,551 |
Net Assets - Narrative (Details
Net Assets - Narrative (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Investment Company, Changes in Net Assets [Line Items] | |||
Dividends payable | $ 16,517 | $ 14,285 | |
Preferred Stock dividend | (16) | $ (16) | |
Preferred Class A | |||
Investment Company, Changes in Net Assets [Line Items] | |||
Dividends payable | $ 0 | $ 0 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Earnings Per Share [Abstract] | ||
Net increase/(decrease) in net assets resulting from operations attributable to holders of Common Stock | $ 16,404 | $ 10,729 |
Weighted average shares outstanding - basic (in shares) | 25,807,951 | 20,244,075 |
Weighted average shares outstanding - diluted (in shares) | 25,807,951 | 20,244,075 |
Basic earnings (loss) per common share (in dollars per share) | $ 0.64 | $ 0.53 |
Diluted earnings (loss) per common share (in dollars per share) | $ 0.64 | $ 0.53 |
Consolidated Financial Highli_3
Consolidated Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Investment Company, Financial Highlights [Roll Forward] | |||
Net asset value, beginning of period (in dollars per share) | $ 19.98 | $ 21.20 | |
Net investment income (loss) per share (in dollars per share) | 0.68 | 0.57 | |
Net unrealized and realized gain (loss) (in dollars per share) | (0.04) | (0.04) | |
Net increase (decrease) in net assets resulting from operations (in dollars per share) | 0.64 | 0.53 | |
Dividends declared (in dollars per share) | (0.64) | (0.62) | |
Issuance of common stock (in dollars per share) | 0 | 0 | |
Total increase (decrease) in net assets (in dollars per share) | 0 | (0.09) | |
Net asset value, end of period (in dollars per share) | $ 19.98 | $ 21.11 | |
Shares outstanding, end of period (in shares) | 25,807,951 | 20,244,075 | 25,807,951 |
Total return based on net asset value (in percent) | 3.20% | 2.50% | |
Ratio/Supplemental Data (all amounts in thousands except ratios and shares): | |||
Net assets, end of period (in shares) | $ 515,598 | $ 427,381 | |
Weighted average shares outstanding - basic (in shares) | 25,807,951 | 20,244,075 | |
Ratio of net expenses to average net assets | 10.84% | 4.55% | |
Ratio of net investment income to average net assets | 13.66% | 10.77% | |
Ratio of total contributed capital to total committed capital, end of period | 80.67% | 65.10% | |
Asset coverage ratio | 183.13% | 181.73% | |
Portfolio turnover rate | 2.99% | 1.84% |