Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2023 | Aug. 03, 2023 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2023 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q2 | |
Entity Central Index Key | 0001902649 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 814-01485 | |
Entity Registrant Name | BLACKROCK PRIVATE CREDIT FUND | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 87-4655020 | |
Entity Address, Address Line One | 50 Hudson Yards | |
Entity Address, City or Town | New York | |
Entity Address, State or Province | NY | |
Entity Address, Postal Zip Code | 10001 | |
City Area Code | 212 | |
Local Phone Number | 810-5300 | |
Entity Interactive Data Current | Yes | |
Entity Current Reporting Status | 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 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Class S Shares | ||
Document Information [Line Items] | ||
Title of 12(g) Security | Class S Shares, par value $0.001 per share | |
Entity Common Stock, Shares Outstanding | 0 | |
Class D Shares | ||
Document Information [Line Items] | ||
Title of 12(g) Security | Class D Shares, par value $0.001 per share | |
Entity Common Stock, Shares Outstanding | 0 | |
Institutional Class Shares | ||
Document Information [Line Items] | ||
Title of 12(g) Security | Institutional Class Shares, par value $0.001 per share | |
Entity Common Stock, Shares Outstanding | 6,807,202 |
Consolidated Statements of Asse
Consolidated Statements of Assets and Liabilities (Unaudited) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Assets | ||
Investments, at fair value | $ 249,069,857 | $ 207,554,379 |
Cash and cash equivalents | 15,333,805 | 17,633,729 |
Interest, dividends and fees receivable | 1,850,527 | 1,265,323 |
Deferred debt issuance costs | 1,704,607 | 1,779,632 |
Receivable for investments sold | 1,121,648 | 22,548 |
Prepaid expenses and other assets | 244,319 | 283,390 |
Total assets | 269,324,763 | 228,539,001 |
Liabilities | ||
Debt | 99,000,000 | 95,000,000 |
Contribution received in advance | 4,574,394 | 4,950,000 |
Distribution payable | 1,379,449 | 1,440,887 |
Interest and debt related payables | 1,360,240 | 1,090,190 |
Payable for investments purchased | 190,897 | 7,174,463 |
Reimbursements due to the Investment Adviser | 108,675 | 48,566 |
Accrued expenses and other liabilities | 1,870,570 | 1,149,618 |
Total liabilities | 108,484,225 | 110,853,724 |
Commitments and contingencies (see Note 5) | ||
Net assets | 160,840,538 | 117,685,277 |
Composition of net assets applicable to common shareholders | ||
Common shares of beneficial interest, $0.001 par value; 6,568,807 and 4,948,576 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively | 6,567 | 4,969 |
Paid-in capital in excess of par | 159,093,443 | 120,449,278 |
Distributable earnings (loss) | 1,740,528 | (2,768,970) |
Total net assets | 160,840,538 | 117,685,277 |
Total liabilities and net assets | $ 269,324,763 | $ 228,539,001 |
Net assets per share | $ 24.49 | $ 23.69 |
Non-Controlled, Non-Affiliated Investments | ||
Assets | ||
Investments, at fair value | $ 249,069,857 | $ 207,554,379 |
Consolidated Statements of As_2
Consolidated Statements of Assets and Liabilities (Unaudited) (Parenthetical) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Cost | $ 249,582,238 | $ 210,903,951 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 6,568,807 | 4,968,576 |
Common stock, shares outstanding | 6,568,807 | 4,968,576 |
Non-Controlled, Non-Affiliated Investments | ||
Cost | $ 249,582,238 | $ 210,903,951 |
Consolidated Statement of Opera
Consolidated Statement of Operations (Unuadited) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | ||
Interest and Dividend Income, Operating [Abstract] | |||||
Total investment income | $ 7,257,646 | $ 202,934 | $ 13,321,204 | $ 202,934 | |
Operating expenses | |||||
Interest and other debt expenses | 1,773,412 | 13,960 | 3,384,602 | 13,960 | |
Incentive fees | 611,662 | 0 | 1,575,589 | 0 | |
Management fees | 466,719 | 0 | 863,876 | 0 | |
Administrative expenses | 286,708 | 52,604 | 576,255 | 52,604 | |
Director fees | 74,625 | 25,125 | 143,750 | 25,125 | |
Professional fees | 71,365 | 50,714 | 142,580 | 50,714 | |
Custody fees | 49,764 | 8,469 | 96,817 | 8,469 | |
Insurance expense | 7,233 | 14,548 | 14,466 | 14,548 | |
Other operating expenses | 101,241 | 11,557 | 180,629 | 11,557 | |
Total operating expenses, before management fee and incentive fee waivers | 3,442,729 | 176,977 | 6,978,564 | 176,977 | |
Management fee and incentive fee waivers | (1,078,381) | 0 | (2,439,465) | 0 | |
Total operating expenses, net of management fee and incentive fee waivers | 2,364,348 | 176,977 | 4,539,099 | 176,977 | |
Net investment income | 4,893,298 | 25,957 | 8,782,105 | 25,957 | |
Realized and unrealized gain (loss) on investments and foreign currency | |||||
Net realized gain (loss) | 21,027 | 0 | (1,811) | 0 | |
Net change in unrealized appreciation (depreciation) | 775,038 | (3,053,146) | 2,837,191 | (3,053,146) | |
Net realized and unrealized gain (loss) | 796,065 | (3,053,146) | 2,835,380 | (3,053,146) | |
Net increase (decrease) in net assets resulting from operations | $ 5,689,363 | $ (3,027,189) | $ 11,617,485 | $ (3,027,189) | |
Basic earnings (loss) per share | [1] | $ 0.89 | $ 1.51 | $ 1.98 | $ (1.51) |
Basic weighted average common shares outstanding | 6,387,347 | 2,000,000 | 5,989,898 | 2,000,000 | |
Diluted earnings (loss) per share | [1] | $ 0.89 | $ (1.51) | $ 1.98 | $ (1.51) |
Diluted weighted average common shares outstanding | 6,387,347 | 2,000,000 | 5,989,898 | 2,000,000 | |
Non-Controlled, Non-Affiliated Investments | |||||
Interest and Dividend Income, Operating [Abstract] | |||||
Interest income | $ 7,257,646 | $ 202,934 | $ 13,321,204 | $ 202,934 | |
Realized and unrealized gain (loss) on investments and foreign currency | |||||
Net realized gain (loss) | 21,027 | 0 | (1,811) | 0 | |
Net change in unrealized appreciation (depreciation) | $ 775,038 | $ (3,053,146) | $ 2,837,191 | $ (3,053,146) | |
[1] Computed based on the actual number of shares outstanding and capital activity during the time periods such earnings occurred. |
Consolidated Statement of Chang
Consolidated Statement of Changes in Net Assets (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Mar. 31, 2022 | Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Beginning balance | $ 100,000 | $ 143,108,848 | $ 117,685,277 | $ 100,000 | $ 117,685,277 | |
Issuance of common shares in private offerings | 12,554,342 | 19,381,650 | 49,900,000 | |||
Issuance of common shares from dividend reinvestment plan | 3,512,048 | 3,197,723 | ||||
Net investment income | 4,893,298 | 3,888,807 | 25,957 | 8,782,105 | $ 25,957 | |
Net realized and unrealized gain (loss) | 796,065 | 2,039,315 | (3,053,146) | |||
Dividends paid to common shareholders | (4,024,063) | (3,083,924) | ||||
Ending balance | 100,000 | $ 160,840,538 | 143,108,848 | $ 46,972,811 | $ 160,840,538 | $ 46,972,811 |
Ending balance, Shares | 6,568,807 | 2,000,000 | 6,568,807 | 2,000,000 | ||
Common Stock | ||||||
Beginning balance | $ 4 | $ 5,905 | $ 4,969 | $ 4 | $ 4,969 | |
Beginning balance, Shares | 4,000 | 5,905,404 | 4,968,576 | 4,000 | 4,968,576 | |
Issuance of common shares in private offerings | $ 517 | $ 803 | $ 1,996 | |||
Issuance of common shares in private offerings, Shares | 518,381 | 803,632 | 1,996,000 | |||
Issuance of common shares from dividend reinvestment plan | $ 145 | $ 133 | ||||
Issuance of common shares from dividend reinvestment plan, Shares | 145,022 | 133,196 | ||||
Ending balance | $ 4 | $ 6,567 | $ 5,905 | $ 2,000 | $ 6,567 | $ 2,000 |
Ending balance, Shares | 4,000 | 6,568,807 | 5,905,404 | 2,000,000 | 6,568,807 | 2,000,000 |
Paid in Capital in Excess of Par | ||||||
Beginning balance | $ 99,996 | $ 143,027,715 | $ 120,449,278 | $ 99,996 | $ 120,449,278 | |
Issuance of common shares in private offerings | 12,553,825 | 19,380,847 | 49,898,004 | |||
Issuance of common shares from dividend reinvestment plan | 3,511,903 | 3,197,590 | ||||
Ending balance | $ 99,996 | 159,093,443 | 143,027,715 | 49,998,000 | 159,093,443 | $ 49,998,000 |
Distributable Earnings (Loss) | ||||||
Beginning balance | 75,228 | (2,768,970) | (2,768,970) | |||
Net investment income | 4,893,298 | 3,888,807 | 25,957 | |||
Net realized and unrealized gain (loss) | 796,065 | 2,039,315 | (3,053,146) | |||
Dividends paid to common shareholders | (4,024,063) | (3,083,924) | ||||
Ending balance | $ 1,740,528 | $ 75,228 | $ 3,027,189 | $ 1,740,528 | $ 3,027,189 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Operating activities | ||||||
Net increase (decrease) in net assets resulting from operations | $ (3,027,189) | $ 11,617,485 | ||||
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | ||||||
Net realized (gain) loss | $ (21,027) | 0 | $ 0 | 1,811 | $ 0 | |
Change in net unrealized (appreciation) depreciation of investments | 3,053,146 | (2,837,191) | ||||
Net amortization of investment discounts and premiums | (3,965) | (1,363,492) | ||||
Interest and dividend income paid in kind | 0 | (279,515) | ||||
Amortization of deferred debt issuance costs | 13,960 | 94,278 | ||||
Changes in assets and liabilities: | ||||||
Purchase of investments | (107,747,598) | (68,123,549) | ||||
Proceeds from disposition of investments | 23,431 | 31,086,458 | ||||
Decrease (increase) in interest, dividends and fees receivable | (154,675) | (585,204) | ||||
Decrease (increase) in receivable for investments sold | (23,431) | (1,099,100) | ||||
Decrease (increase) in prepaid expenses and other assets | (82,859) | 39,071 | ||||
Increase (decrease) in payable for investments purchased | 88,897,983 | (6,983,566) | ||||
Increase (decrease) in interest and debt related payables | 0 | 270,050 | ||||
Increase (decrease) in reimbursements due to the Investment Adviser | 11,050 | 60,109 | ||||
Increase (decrease) in accrued expenses and other liabilities | 234,831 | 720,952 | ||||
Net cash provided by (used in) operating activities | (18,805,316) | (37,381,403) | ||||
Financing activities | ||||||
Proceeds from common shares sold | 50,000,000 | 26,985,992 | ||||
Contribution received in advance | 0 | 4,574,394 | ||||
Draws on credit facilities | 0 | 40,000,000 | ||||
Repayments of credit facility draws | 0 | (36,000,000) | ||||
Payments of debt issuance costs | (1,888,726) | (19,253) | ||||
Dividends paid in cash to shareholders | 0 | (459,654) | ||||
Net cash provided by (used in) financing activities | 48,111,274 | 35,081,479 | ||||
Net increase (decrease) in cash and cash equivalents (including restricted cash) | 29,305,958 | (2,299,924) | ||||
Cash and cash equivalents (including restricted cash) at beginning of period | 0 | 17,633,729 | ||||
Cash and cash equivalents (including restricted cash) at end of period | $ 15,333,805 | $ 29,305,958 | $ 29,305,958 | $ 29,305,958 | 15,333,805 | $ 29,305,958 |
Supplemental cash flow information | ||||||
Interest payments | 0 | 3,020,273 | ||||
Excise tax payments | 0 | 18,395 | ||||
Distribution payable | 0 | 1,379,449 | ||||
Reinvestment of dividends during the period | $ 0 | $ 6,709,771 |
Consolidated Schedules of Inves
Consolidated Schedules of Investments (Unaudited) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 | |||
Schedule Of Investments [Line Items] | |||||
Cost | $ 249,582,238 | $ 210,903,951 | |||
Fair Value | 249,069,857 | 207,554,379 | |||
Investment, Identifier [Axis]: Cash and Cash Equivalents - 15.0% of Net Assets | |||||
Schedule Of Investments [Line Items] | |||||
Fair Value | [1],[2] | $ 17,633,729 | |||
% of Total Cash and Investment | [1],[2] | 7.83% | |||
Percentage of Net Assets | [1],[2] | 15% | |||
Investment, Identifier [Axis]: Cash and Cash Equivalents - 9.5% of Net Assets | |||||
Schedule Of Investments [Line Items] | |||||
Fair Value | [3],[4] | $ 15,333,805 | |||
% of Total Cash and Investment | [3],[4] | 5.80% | |||
Percentage of Net Assets | [3],[4] | 9.50% | |||
Investment, Identifier [Axis]: Debt Investments - 154.9% of Net Assets | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [3],[4] | $ 249,582,238 | |||
Fair Value | [3],[4] | $ 249,069,857 | |||
% of Total Cash and Investment | [3],[4] | 94.20% | |||
Percentage of Net Assets | [3],[4] | 154.90% | |||
Investment, Identifier [Axis]: Debt Investments - 176.3% of Net Assets | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [1],[2] | $ 210,903,951 | |||
Fair Value | [1],[2] | $ 207,554,379 | |||
% of Total Cash and Investment | [1],[2] | 92.17% | |||
Percentage of Net Assets | [1],[2] | 176.30% | |||
Investment, Identifier [Axis]: Debt Investments Aerospace & Defense Peraton Corp. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.75% Total Coupon 8.13% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.13% | |||
Maturity | [1],[2] | Feb. 01, 2028 | |||
Principal | [1],[2] | $ 1,385,065 | |||
Cost | [1],[2] | 1,351,296 | |||
Fair Value | [1],[2] | $ 1,355,058 | |||
% of Total Cash and Investment | [1],[2] | 0.60% | |||
Investment, Identifier [Axis]: Debt Investments Aerospace & Defense Peraton Corp. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 3.75% Total Coupon 8.95 % | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.95% | |||
Maturity | [3],[4] | Feb. 01, 2028 | |||
Principal | [3],[4] | $ 1,377,886 | |||
Cost | [3],[4] | 1,347,553 | |||
Fair Value | [3],[4] | $ 1,356,481 | |||
% of Total Cash and Investment | [3],[4] | 0.51% | |||
Investment, Identifier [Axis]: Debt Investments Auto Components Clarios Global, LP Instrument First Lien Term Loan Ref LIBOR(M) Spread 3.25% Total Coupon 7.63% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.63% | |||
Maturity | [1],[2] | Apr. 30, 2026 | |||
Principal | [1],[2] | $ 1,829,700 | |||
Cost | [1],[2] | 1,784,350 | |||
Fair Value | [1],[2] | $ 1,799,208 | |||
% of Total Cash and Investment | [1],[2] | 0.80% | |||
Investment, Identifier [Axis]: Debt Investments Chemicals | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [3],[4] | $ 2,590,955 | |||
Fair Value | [3],[4] | $ 2,645,768 | |||
% of Total Cash and Investment | [3],[4] | 1% | |||
Investment, Identifier [Axis]: Debt Investments Chemicals Discovery Purchaser Corporation Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.5% Spread 4.38% Total Coupon 7.97% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.38% | |||
Total Coupon | [1],[2] | 7.97% | |||
Maturity | [1],[2] | Oct. 04, 2029 | |||
Principal | [1],[2] | $ 790,000 | |||
Cost | [1],[2] | 727,460 | |||
Fair Value | [1],[2] | $ 722,653 | |||
% of Total Cash and Investment | [1],[2] | 0.32% | |||
Investment, Identifier [Axis]: Debt Investments Chemicals Discovery Purchaser Corporation Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.38% Total Coupon 9.62% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.38% | |||
Total Coupon | [3],[4] | 9.62% | |||
Maturity | [3],[4] | Oct. 04, 2029 | |||
Principal | [3],[4] | $ 786,050 | |||
Cost | [3],[4] | 728,408 | |||
Fair Value | [3],[4] | $ 754,608 | |||
% of Total Cash and Investment | [3],[4] | 0.29% | |||
Investment, Identifier [Axis]: Debt Investments Chemicals Instrument First Lien Term Loan | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [1],[2] | $ 3,216,886 | |||
Fair Value | [1],[2] | $ 3,230,423 | |||
% of Total Cash and Investment | [1],[2] | 1.43% | |||
Investment, Identifier [Axis]: Debt Investments Chemicals Momentive Performance Materials, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Spread 3.25% Total Coupon 7.64% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.64% | |||
Maturity | [1],[2] | May 15, 2024 | |||
Principal | [1],[2] | $ 1,412,138 | |||
Cost | [1],[2] | 1,395,531 | |||
Fair Value | [1],[2] | $ 1,409,497 | |||
% of Total Cash and Investment | [1],[2] | 0.63% | |||
Investment, Identifier [Axis]: Debt Investments Chemicals Momentive Performance Materials, Inc. Instrument First Lien Term Loan Ref SOFR(M) Spread 4.50% Total Coupon 9.60% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.50% | |||
Total Coupon | [3],[4] | 9.60% | |||
Maturity | [3],[4] | Mar. 29, 2028 | |||
Principal | [3],[4] | $ 802,988 | |||
Cost | [3],[4] | 772,302 | |||
Fair Value | [3],[4] | $ 785,587 | |||
% of Total Cash and Investment | [3],[4] | 0.30% | |||
Investment, Identifier [Axis]: Debt Investments Chemicals W. R. Grace Holdings LLC Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.5% Spread 3.75% Total Coupon 8.5% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.50% | |||
Maturity | [1],[2] | Sep. 22, 2028 | |||
Principal | [1],[2] | $ 1,115,967 | |||
Cost | [1],[2] | 1,093,895 | |||
Fair Value | [1],[2] | $ 1,098,273 | |||
% of Total Cash and Investment | [1],[2] | 0.48% | |||
Investment, Identifier [Axis]: Debt Investments Chemicals W. R. Grace Holdings LLC Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.50% Spread 3.75% Total Coupon 9.31% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 9.31% | |||
Maturity | [3],[4] | Sep. 22, 2028 | |||
Principal | [3],[4] | $ 1,110,331 | |||
Cost | [3],[4] | 1,090,245 | |||
Fair Value | [3],[4] | $ 1,105,573 | |||
% of Total Cash and Investment | [3],[4] | 0.41% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 8,290,167 | [3],[4] | $ 8,170,271 | [1],[2] | |
Fair Value | $ 8,381,999 | [3],[4] | $ 8,238,809 | [1],[2] | |
% of Total Cash and Investment | 3.17% | [3],[4] | 3.66% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Creative Artists Agency, LLC Instrument First Lien Term Loan Ref LIBOR(M) Spread 3.75% Total Coupon 8.13% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.13% | |||
Maturity | [1],[2] | Nov. 26, 2026 | |||
Principal | [1],[2] | $ 1,684,841 | |||
Cost | [1],[2] | 1,663,771 | |||
Fair Value | [1],[2] | $ 1,676,939 | |||
% of Total Cash and Investment | [1],[2] | 0.74% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Creative Artists Agency, LLC Instrument First Lien Term Loan Ref SOFR(M) Spread 3.50% Total Coupon 8.60% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.60% | |||
Maturity | [3],[4] | Nov. 27, 2028 | |||
Principal | [3],[4] | $ 1,296,750 | |||
Cost | [3],[4] | 1,287,581 | |||
Fair Value | [3],[4] | $ 1,295,615 | |||
% of Total Cash and Investment | [3],[4] | 0.49% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Dealer Tire, LLC Instrument First Lien Term Loan Ref SOFR(M) Spread 4.5% Total Coupon 8.82% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.50% | |||
Total Coupon | [1],[2] | 8.82% | |||
Maturity | [1],[2] | Dec. 12, 2025 | |||
Principal | [1],[2] | $ 1,265,163 | |||
Cost | [1],[2] | 1,220,618 | |||
Fair Value | [1],[2] | $ 1,254,409 | |||
% of Total Cash and Investment | [1],[2] | 0.56% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Dealer Tire, LLC Instrument First Lien Term Loan Ref SOFR(M) Spread 4.50% Total Coupon 9.60% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.50% | |||
Total Coupon | [3],[4] | 9.60% | |||
Maturity | [3],[4] | Dec. 12, 2025 | |||
Principal | [3],[4] | $ 1,258,837 | |||
Cost | [3],[4] | 1,221,957 | |||
Fair Value | [3],[4] | $ 1,255,690 | |||
% of Total Cash and Investment | [3],[4] | 0.47% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Ensemble RCM, LLC Instrument First Lien Term Loan Ref SOFR(Q) Spread 3.75% Total Coupon 7.94% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 7.94% | |||
Maturity | [1],[2] | Aug. 03, 2026 | |||
Principal | [1],[2] | $ 1,133,335 | |||
Cost | [1],[2] | 1,120,432 | |||
Fair Value | [1],[2] | $ 1,122,710 | |||
% of Total Cash and Investment | [1],[2] | 0.50% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Ensemble RCM, LLC Instrument First Lien Term Loan Ref SOFR(Q) Spread 3.75% Total Coupon 8.90% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.90% | |||
Maturity | [3],[4] | Aug. 03, 2026 | |||
Principal | [3],[4] | $ 1,127,477 | |||
Cost | [3],[4] | 1,116,873 | |||
Fair Value | [3],[4] | $ 1,128,064 | |||
% of Total Cash and Investment | [3],[4] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Pueblo Mechanical and Controls, LLC Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 6% Total Coupon 10.49% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6% | |||
Total Coupon | [1],[2],[5] | 10.49% | |||
Maturity | [1],[2],[5] | Aug. 23, 2028 | |||
Principal | [1],[2],[5] | $ 382,470 | |||
Cost | [1],[2],[5] | 365,232 | |||
Fair Value | [1],[2],[5] | $ 358,957 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.16% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Pueblo Mechanical and Controls, LLC Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 11.15% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6% | |||
Total Coupon | [3],[4],[6] | 11.15% | |||
Maturity | [3],[4],[6] | Aug. 23, 2028 | |||
Principal | [3],[4],[6] | $ 794,785 | |||
Cost | [3],[4],[6] | 774,677 | |||
Fair Value | [3],[4],[6] | $ 777,780 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.29% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Pueblo Mechanical and Controls, LLC Instrument First Lien Revolver Ref PRIME Floor 0.75% Spread 5.00% Total Coupon 13.25% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 5% | |||
Total Coupon | [3],[4],[6] | 13.25% | |||
Maturity | [3],[4],[6] | Aug. 23, 2027 | |||
Principal | [3],[4],[6] | $ 94,860 | |||
Cost | [3],[4],[6] | 89,945 | |||
Fair Value | [3],[4],[6] | $ 90,876 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.03% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Pueblo Mechanical and Controls, LLC Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 6% Total Coupon 10.58% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6% | |||
Total Coupon | [1],[2],[5],[7] | 10.58% | |||
Maturity | [1],[2],[5],[7] | Aug. 23, 2027 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (5,507) | |||
Fair Value | [1],[2],[5],[7] | $ (5,478) | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Pueblo Mechanical and Controls, LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6% Total Coupon 10.32% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6% | |||
Total Coupon | [1],[2],[5] | 10.32% | |||
Maturity | [1],[2],[5] | Aug. 23, 2028 | |||
Principal | [1],[2],[5] | $ 1,459,615 | |||
Cost | [1],[2],[5] | 1,425,264 | |||
Fair Value | [1],[2],[5] | $ 1,425,606 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.63% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Pueblo Mechanical and Controls, LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 11.16% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6% | |||
Total Coupon | [3],[4],[6] | 11.16% | |||
Maturity | [3],[4],[6] | Aug. 23, 2028 | |||
Principal | [3],[4],[6] | $ 1,452,298 | |||
Cost | [3],[4],[6] | 1,421,159 | |||
Fair Value | [3],[4],[6] | $ 1,427,754 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.54% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Verscend Holding Corp. Instrument First Lien Term Loan Ref LIBOR(M) Spread 4% Total Coupon 8.38% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.38% | |||
Maturity | [1],[2] | Aug. 27, 2025 | |||
Principal | [1],[2] | $ 2,416,237 | |||
Cost | [1],[2] | 2,380,461 | |||
Fair Value | [1],[2] | $ 2,405,666 | |||
% of Total Cash and Investment | [1],[2] | 1.07% | |||
Investment, Identifier [Axis]: Debt Investments Commercial Services & Supplies Verscend Holding Corp. Instrument First Lien Term Loan Ref SOFR(M) Spread 4.00% Total Coupon 9.22% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 4% | |||
Total Coupon | [3],[4] | 9.22% | |||
Maturity | [3],[4] | Aug. 27, 2025 | |||
Principal | [3],[4] | $ 2,403,972 | |||
Cost | [3],[4] | 2,377,975 | |||
Fair Value | [3],[4] | $ 2,406,220 | |||
% of Total Cash and Investment | [3],[4] | 0.92% | |||
Investment, Identifier [Axis]: Debt Investments Construction & Engineering | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 11,162,654 | [3],[4] | $ 4,750,239 | [1],[2] | |
Fair Value | $ 11,247,164 | [3],[4] | $ 4,487,987 | [1],[2] | |
% of Total Cash and Investment | 4.25% | [3],[4] | 1.99% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Construction & Engineering Geo Parent Corporation Instrument First Lien Term Loan Ref SOFR(S) Spread 5.25% Total Coupon 10.17% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 5.25% | |||
Total Coupon | [3],[4],[6] | 10.17% | |||
Maturity | [3],[4],[6] | Dec. 19, 2025 | |||
Principal | [3],[4],[6] | $ 335,203 | |||
Cost | [3],[4],[6] | 329,811 | |||
Fair Value | [3],[4],[6] | $ 325,147 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.12% | |||
Investment, Identifier [Axis]: Debt Investments Construction & Engineering Groupe Solmax, Inc. (Canada) Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 4.75% Total Coupon 9.48% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[8] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[8] | 4.75% | |||
Total Coupon | [1],[2],[5],[8] | 9.48% | |||
Maturity | [1],[2],[5],[8] | May 29, 2028 | |||
Principal | [1],[2],[5],[8] | $ 2,481,108 | |||
Cost | [1],[2],[5],[8] | 2,337,687 | |||
Fair Value | [1],[2],[5],[8] | $ 2,071,725 | |||
% of Total Cash and Investment | [1],[2],[5],[8] | 0.92% | |||
Investment, Identifier [Axis]: Debt Investments Construction & Engineering Groupe Solmax, Inc. (Canada) Instrument First Lien Term Loan Ref SOFR(Q)/(M) Floor 0.75% Spread 4.75% Total Coupon 10.12% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[9] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[9] | 4.75% | |||
Total Coupon | [3],[4],[9] | 10.12% | |||
Maturity | [3],[4],[9] | May 29, 2028 | |||
Principal | [3],[4],[9] | $ 2,468,514 | |||
Cost | [3],[4],[9] | 2,339,176 | |||
Fair Value | [3],[4],[9] | $ 2,336,226 | |||
% of Total Cash and Investment | [3],[4],[9] | 0.88% | |||
Investment, Identifier [Axis]: Debt Investments Construction & Engineering LJ Avalon Holdings, LLC (Ardurra) Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 6.50% Total Coupon 11.51% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 6.50% | |||
Total Coupon | [3],[4],[6],[10] | 11.51% | |||
Maturity | [3],[4],[6],[10] | Feb. 01, 2030 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (4,344) | |||
Fair Value | [3],[4],[6] | $ (7,692) | |||
Investment, Identifier [Axis]: Debt Investments Construction & Engineering LJ Avalon Holdings, LLC (Ardurra) Instrument First Lien Revolver Ref SOFR(M) Floor 1.00% Spread 6.50% Total Coupon 11.51% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 6.50% | |||
Total Coupon | [3],[4],[6],[10] | 11.51% | |||
Maturity | [3],[4],[6],[10] | Feb. 01, 2029 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (3,439) | |||
Fair Value | [3],[4],[6],[10] | $ (3,077) | |||
Investment, Identifier [Axis]: Debt Investments Construction & Engineering LJ Avalon Holdings, LLC (Ardurra) Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.50% Total Coupon 11.51% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.50% | |||
Total Coupon | [3],[4],[6] | 11.51% | |||
Maturity | [3],[4],[6] | Feb. 01, 2030 | |||
Principal | [3],[4],[6] | $ 757,017 | |||
Cost | [3],[4],[6] | 735,639 | |||
Fair Value | [3],[4],[6] | $ 738,092 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.28% | |||
Investment, Identifier [Axis]: Debt Investments Construction & Engineering Northstar Group Services, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 1% Spread 5.5% Total Coupon 9.94% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 5.50% | |||
Total Coupon | [1],[2] | 9.94% | |||
Maturity | [1],[2] | Nov. 12, 2026 | |||
Principal | [1],[2] | $ 2,450,980 | |||
Cost | [1],[2] | 2,412,552 | |||
Fair Value | [1],[2] | $ 2,416,262 | |||
% of Total Cash and Investment | [1],[2] | 1.07% | |||
Investment, Identifier [Axis]: Debt Investments Construction & Engineering Northstar Group Services, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Total Coupon 10.72% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 5.50% | |||
Total Coupon | [3],[4],[6] | 10.72% | |||
Maturity | [3],[4],[6] | Nov. 12, 2026 | |||
Principal | [3],[4],[6] | $ 7,897,957 | |||
Cost | [3],[4],[6] | 7,765,811 | |||
Fair Value | [3],[4],[6] | $ 7,858,468 | |||
% of Total Cash and Investment | [3],[4],[6] | 2.97% | |||
Investment, Identifier [Axis]: Debt Investments Construction Materials | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [1],[2] | $ 2,683,084 | |||
Fair Value | [1],[2] | $ 2,700,315 | |||
% of Total Cash and Investment | [1],[2] | 1.20% | |||
Investment, Identifier [Axis]: Debt Investments Construction Materials Filtration Group Corporation Instrument First Lien Term Loan Ref LIBOR(M) Spread 3% Total Coupon 7.38% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3% | |||
Total Coupon | [1],[2] | 7.38% | |||
Maturity | [1],[2] | Mar. 29, 2025 | |||
Principal | [1],[2] | $ 1,593,937 | |||
Cost | [1],[2] | 1,557,781 | |||
Fair Value | [1],[2] | $ 1,580,660 | |||
% of Total Cash and Investment | [1],[2] | 0.70% | |||
Investment, Identifier [Axis]: Debt Investments Construction Materials Tamko Building Products LLC Instrument First Lien Term Loan Ref LIBOR(Q) Spread 3% Total Coupon 7.57% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3% | |||
Total Coupon | [1],[2] | 7.57% | |||
Maturity | [1],[2] | May 29, 2026 | |||
Principal | [1],[2] | $ 1,152,798 | |||
Cost | [1],[2] | 1,125,303 | |||
Fair Value | [1],[2] | $ 1,119,655 | |||
% of Total Cash and Investment | [1],[2] | 0.50% | |||
Investment, Identifier [Axis]: Debt Investments Consumer Finance | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 6,585,997 | [3],[4] | $ 2,601,383 | [1],[2] | |
Fair Value | $ 6,537,501 | [3],[4] | $ 2,586,190 | [1],[2] | |
% of Total Cash and Investment | 2.47% | [3],[4] | 1.15% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Consumer Finance Freedom Financial Network Funding, LLC Instrument First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1% Spread 9% Total Coupon 13.95% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 9% | |||
Total Coupon | [1],[2],[5],[7] | 13.95% | |||
Maturity | [1],[2],[5],[7] | Sep. 21, 2027 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (10,656) | |||
Fair Value | [1],[2],[5],[7] | $ (22,295) | |||
% of Total Cash and Investment | [1],[2],[5],[7] | (0.01%) | |||
Investment, Identifier [Axis]: Debt Investments Consumer Finance Freedom Financial Network Funding, LLC Instrument First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.00% Spread 9.00% Total Coupon 14.20% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 9% | |||
Total Coupon | [3],[4],[6],[10] | 14.20% | |||
Maturity | [3],[4],[6],[10] | Sep. 21, 2027 | |||
Principal | [3],[4],[6],[10] | $ 891,790 | |||
Cost | [3],[4],[6],[10] | 872,899 | |||
Fair Value | [3],[4],[6],[10] | $ 860,577 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.33% | |||
Investment, Identifier [Axis]: Debt Investments Consumer Finance Freedom Financial Network Funding, LLC Instrument First Lien Term Loan Ref SOFR(S) Floor 1% Spread 9% Total Coupon 13.95% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 9% | |||
Total Coupon | [1],[2],[5] | 13.95% | |||
Maturity | [1],[2],[5] | Sep. 21, 2027 | |||
Principal | [1],[2],[5] | $ 2,675,369 | |||
Cost | [1],[2],[5] | 2,612,039 | |||
Fair Value | [1],[2],[5] | $ 2,608,485 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.16% | |||
Investment, Identifier [Axis]: Debt Investments Consumer Finance Freedom Financial Network Funding, LLC Instrument First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 9.00% Total Coupon 14.54% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 9% | |||
Total Coupon | [3],[4],[6] | 14.54% | |||
Maturity | [3],[4],[6] | Sep. 21, 2027 | |||
Principal | [3],[4],[6] | $ 2,675,369 | |||
Cost | [3],[4],[6] | 2,618,696 | |||
Fair Value | [3],[4],[6] | $ 2,581,731 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.98% | |||
Investment, Identifier [Axis]: Debt Investments Consumer Finance Lucky US BuyerCo LLC (Global Payments) Instrument First Lien Revolver Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.39% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 7.50% | |||
Total Coupon | [3],[4],[6],[10] | 12.39% | |||
Maturity | [3],[4],[6],[10] | Mar. 30, 2029 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (12,286) | |||
Fair Value | [3],[4],[6],[10] | $ (11,754) | |||
% of Total Cash and Investment | [3],[4],[6] | (0.01%) | |||
Investment, Identifier [Axis]: Debt Investments Consumer Finance Lucky US BuyerCo LLC (Global Payments) Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.39% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 7.50% | |||
Total Coupon | [3],[4],[6],[10] | 12.39% | |||
Maturity | [3],[4],[6],[10] | Mar. 30, 2029 | |||
Principal | [3],[4],[6],[10] | $ 3,198,751 | |||
Cost | [3],[4],[6],[10] | 3,106,688 | |||
Fair Value | [3],[4],[6],[10] | $ 3,106,947 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.17% | |||
Investment, Identifier [Axis]: Debt Investments Containers & Packaging | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 2,338,796 | [3],[4] | $ 2,348,683 | [1],[2] | |
Fair Value | $ 2,379,887 | [3],[4] | $ 2,340,705 | [1],[2] | |
% of Total Cash and Investment | 0.90% | [3],[4] | 1.04% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Containers & Packaging Charter Next Generation, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.75% Total Coupon 8.13% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.13% | |||
Maturity | [1],[2] | Dec. 01, 2027 | |||
Principal | [1],[2] | $ 1,778,779 | |||
Cost | [1],[2] | 1,726,873 | |||
Fair Value | [1],[2] | $ 1,731,117 | |||
% of Total Cash and Investment | [1],[2] | 0.77% | |||
Investment, Identifier [Axis]: Debt Investments Containers & Packaging Charter Next Generation, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 3.75% Total Coupon 8.97% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.97% | |||
Maturity | [3],[4] | Dec. 01, 2027 | |||
Principal | [3],[4] | $ 1,765,200 | |||
Cost | [3],[4] | 1,718,807 | |||
Fair Value | [3],[4] | $ 1,753,620 | |||
% of Total Cash and Investment | [3],[4] | 0.66% | |||
Investment, Identifier [Axis]: Debt Investments Containers & Packaging Clydesdale Acquisition Holdings, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.5% Spread 4.18% Total Coupon 8.6% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.18% | |||
Total Coupon | [1],[2] | 8.60% | |||
Maturity | [1],[2] | Apr. 13, 2029 | |||
Principal | [1],[2] | $ 638,396 | |||
Cost | [1],[2] | 621,810 | |||
Fair Value | [1],[2] | $ 609,588 | |||
% of Total Cash and Investment | [1],[2] | 0.27% | |||
Investment, Identifier [Axis]: Debt Investments Containers & Packaging Clydesdale Acquisition Holdings, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 4.18% Total Coupon 9.38% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.18% | |||
Total Coupon | [3],[4] | 9.38% | |||
Maturity | [3],[4] | Apr. 13, 2029 | |||
Principal | [3],[4] | $ 635,188 | |||
Cost | [3],[4] | 619,989 | |||
Fair Value | [3],[4] | $ 626,267 | |||
% of Total Cash and Investment | [3],[4] | 0.24% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Consumer Services | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 7,360,253 | [3],[4] | $ 7,380,680 | [1],[2] | |
Fair Value | $ 7,391,983 | [3],[4] | $ 7,368,765 | [1],[2] | |
% of Total Cash and Investment | 2.80% | [3],[4] | 3.27% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Diversified Consumer Services Amentum Government Services Holdings LLC Instrument First Lien Term Loan Ref LIBOR(M) Spread 4% Total Coupon 8.33% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.33% | |||
Maturity | [1],[2] | Jan. 31, 2027 | |||
Principal | [1],[2] | $ 993,047 | |||
Cost | [1],[2] | 970,603 | |||
Fair Value | [1],[2] | $ 973,598 | |||
% of Total Cash and Investment | [1],[2] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Consumer Services Amentum Government Services Holdings LLC Instrument First Lien Term Loan Ref SOFR(M) Spread 4.00% Total Coupon 9.22% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 4% | |||
Total Coupon | [3],[4],[6] | 9.22% | |||
Maturity | [3],[4],[6] | Jan. 31, 2027 | |||
Principal | [3],[4],[6] | $ 987,954 | |||
Cost | [3],[4],[6] | 968,356 | |||
Fair Value | [3],[4],[6] | $ 975,605 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.37% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Consumer Services Ascend Learning, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 3.5% Total Coupon 7.88% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.88% | |||
Maturity | [1],[2] | Dec. 10, 2028 | |||
Principal | [1],[2] | $ 1,116,602 | |||
Cost | [1],[2] | 1,068,781 | |||
Fair Value | [1],[2] | $ 1,058,522 | |||
% of Total Cash and Investment | [1],[2] | 0.47% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Consumer Services Ascend Learning, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.50% Total Coupon 8.70% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.70% | |||
Maturity | [3],[4] | Dec. 10, 2028 | |||
Principal | [3],[4] | $ 1,110,963 | |||
Cost | [3],[4] | 1,067,358 | |||
Fair Value | [3],[4] | $ 1,047,083 | |||
% of Total Cash and Investment | [3],[4] | 0.40% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Consumer Services Fusion Holding Corp. (Finalsite) Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.78% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6.25% | |||
Total Coupon | [1],[2],[5],[7] | 10.78% | |||
Maturity | [1],[2],[5],[7] | Sep. 15, 2027 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (7,857) | |||
Fair Value | [1],[2],[5],[7] | $ (7,942) | |||
Investment, Identifier [Axis]: Debt Investments Diversified Consumer Services Fusion Holding Corp. (Finalsite) Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 11.55% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 6.25% | |||
Total Coupon | [3],[4],[6],[10] | 11.55% | |||
Maturity | [3],[4],[6],[10] | Sep. 15, 2027 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (7,029) | |||
Fair Value | [3],[4],[6],[10] | $ (4,157) | |||
Investment, Identifier [Axis]: Debt Investments Diversified Consumer Services Fusion Holding Corp. (Finalsite) Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.78% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6.25% | |||
Total Coupon | [1],[2],[5] | 10.78% | |||
Maturity | [1],[2],[5] | Sep. 14, 2029 | |||
Principal | [1],[2],[5] | $ 4,546,388 | |||
Cost | [1],[2],[5] | 4,448,408 | |||
Fair Value | [1],[2],[5] | $ 4,447,277 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.97% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Consumer Services Fusion Holding Corp. (Finalsite) Instrument First Lien Term Loan Ref SOFR(Q)/(S) Floor 0.75% Spread 6.25% Total Coupon 11.55% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.25% | |||
Total Coupon | [3],[4],[6] | 11.55% | |||
Maturity | [3],[4],[6] | Sep. 14, 2029 | |||
Principal | [3],[4],[6] | $ 4,523,656 | |||
Cost | [3],[4],[6] | 4,433,378 | |||
Fair Value | [3],[4],[6] | $ 4,480,229 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.69% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Consumer Services Sothebys Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.5% Spread 4.5% Total Coupon 8.58% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.50% | |||
Total Coupon | [1],[2] | 8.58% | |||
Maturity | [1],[2] | Jan. 15, 2027 | |||
Principal | [1],[2] | $ 917,260 | |||
Cost | [1],[2] | 900,745 | |||
Fair Value | [1],[2] | $ 897,310 | |||
% of Total Cash and Investment | [1],[2] | 0.40% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Consumer Services Sothebys Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.50% Spread 4.50% Total Coupon 9.76% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.50% | |||
Total Coupon | [3],[4] | 9.76% | |||
Maturity | [3],[4] | Jan. 15, 2027 | |||
Principal | [3],[4] | $ 912,616 | |||
Cost | [3],[4] | 898,190 | |||
Fair Value | [3],[4] | $ 893,223 | |||
% of Total Cash and Investment | [3],[4] | 0.34% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 14,410,418 | [3],[4] | $ 11,267,570 | [1],[2] | |
Fair Value | $ 14,746,188 | [3],[4] | $ 11,280,698 | [1],[2] | |
% of Total Cash and Investment | 5.58% | [3],[4] | 5.01% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services Accordion Partners LLC Instrument First Lien Delayed Draw Term Loan A Ref SOFR(Q) Floor 0.75% Spread 6.5% Total Coupon 11.08% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6.50% | |||
Total Coupon | [1],[2],[5],[7] | 11.08% | |||
Maturity | [1],[2],[5],[7] | Aug. 29, 2029 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (2,973) | |||
Fair Value | [1],[2],[5],[7] | $ (4,163) | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services Accordion Partners LLC Instrument First Lien Delayed Draw Term Loan A Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 11.74% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.50% | |||
Total Coupon | [3],[4],[6] | 11.74% | |||
Maturity | [3],[4],[6] | Aug. 29, 2029 | |||
Principal | [3],[4],[6] | $ 277,532 | |||
Cost | [3],[4],[6] | 209,436 | |||
Fair Value | [3],[4],[6] | $ 262,234 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.10% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services Accordion Partners LLC Instrument First Lien Delayed Draw Term Loan B Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.83% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6.25% | |||
Total Coupon | [1],[2],[5],[7] | 10.83% | |||
Maturity | [1],[2],[5],[7] | Aug. 29, 2029 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (3,717) | |||
Fair Value | [1],[2],[5],[7] | $ (9,020) | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services Accordion Partners LLC Instrument First Lien Delayed Draw Term Loan B Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 11.29% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 6.25% | |||
Total Coupon | [3],[4],[6],[10] | 11.29% | |||
Maturity | [3],[4],[6],[10] | Aug. 29, 2029 | |||
Principal | [3],[4],[6],[10] | $ 346,915 | |||
Cost | [3],[4],[6],[10] | 261,795 | |||
Fair Value | [3],[4],[6],[10] | $ 342,058 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.13% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services Accordion Partners LLC Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.83% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6.25% | |||
Total Coupon | [1],[2],[5],[7] | 10.83% | |||
Maturity | [1],[2],[5],[7] | Aug. 31, 2028 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (5,897) | |||
Fair Value | [1],[2],[5],[7] | $ (7,216) | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services Accordion Partners LLC Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 11.49% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.25% | |||
Total Coupon | [3],[4],[6] | 11.49% | |||
Maturity | [3],[4],[6] | Aug. 31, 2028 | |||
Cost | [3],[4],[6] | $ (5,378) | |||
Fair Value | [3],[4],[6] | $ (3,885) | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services Accordion Partners LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.83% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6.25% | |||
Total Coupon | [1],[2],[5] | 10.83% | |||
Maturity | [1],[2],[5] | Aug. 29, 2029 | |||
Principal | [1],[2],[5] | $ 3,177,741 | |||
Cost | [1],[2],[5] | 3,109,641 | |||
Fair Value | [1],[2],[5] | $ 3,095,120 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.37% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services Accordion Partners LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 11.49% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.25% | |||
Total Coupon | [3],[4],[6] | 11.49% | |||
Maturity | [3],[4],[6] | Aug. 29, 2029 | |||
Principal | [3],[4],[6] | $ 6,376,393 | |||
Cost | [3],[4],[6] | 6,219,824 | |||
Fair Value | [3],[4],[6] | $ 6,322,483 | |||
% of Total Cash and Investment | [3],[4],[6] | 2.39% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services Acuris Finance US, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.5% Spread 4% Total Coupon 8.73% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.73% | |||
Maturity | [1],[2] | Feb. 16, 2028 | |||
Principal | [1],[2] | $ 973,010 | |||
Cost | [1],[2] | 946,997 | |||
Fair Value | [1],[2] | $ 958,415 | |||
% of Total Cash and Investment | [1],[2] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services Acuris Finance US, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.00% Total Coupon 9.39% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4% | |||
Total Coupon | [3],[4] | 9.39% | |||
Maturity | [3],[4] | Feb. 16, 2028 | |||
Principal | [3],[4] | $ 973,010 | |||
Cost | [3],[4] | 949,564 | |||
Fair Value | [3],[4] | $ 963,192 | |||
% of Total Cash and Investment | [3],[4] | 0.36% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services AlixPartners, LLP Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 2.75% Total Coupon 7.13% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 2.75% | |||
Total Coupon | [1],[2] | 7.13% | |||
Maturity | [1],[2] | Feb. 04, 2028 | |||
Principal | [1],[2] | $ 1,594,699 | |||
Cost | [1],[2] | 1,555,925 | |||
Fair Value | [1],[2] | $ 1,584,021 | |||
% of Total Cash and Investment | [1],[2] | 0.70% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services AlixPartners, LLP Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 2.50% Total Coupon 7.72% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 2.50% | |||
Total Coupon | [3],[4] | 7.72% | |||
Maturity | [3],[4] | Feb. 04, 2028 | |||
Principal | [3],[4] | $ 469,440 | |||
Cost | [3],[4] | 453,617 | |||
Fair Value | [3],[4] | $ 469,029 | |||
% of Total Cash and Investment | [3],[4] | 0.18% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) Instrument First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1% Spread 6.75% Total Coupon 11.15% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6.75% | |||
Total Coupon | [1],[2],[5],[7] | 11.15% | |||
Maturity | [1],[2],[5],[7] | Aug. 21, 2028 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (6,146) | |||
Fair Value | [1],[2],[5],[7] | $ (19,113) | |||
% of Total Cash and Investment | [1],[2],[5],[7] | (0.01%) | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) Instrument First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.00% Spread 6.75% Total Coupon 11.78% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.75% | |||
Total Coupon | [3],[4],[6] | 11.78% | |||
Maturity | [3],[4],[6] | Aug. 21, 2028 | |||
Principal | [3],[4],[6] | $ 654,568 | |||
Cost | [3],[4],[6] | 643,363 | |||
Fair Value | [3],[4],[6] | $ 643,768 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.24% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) Instrument First Lien Term Loan Ref SOFR(S) Floor 1% Spread 6.75% Total Coupon 11.15% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6.75% | |||
Total Coupon | [1],[2],[5] | 11.15% | |||
Maturity | [1],[2],[5] | Aug. 21, 2028 | |||
Principal | [1],[2],[5] | $ 2,350,555 | |||
Cost | [1],[2],[5] | 2,306,390 | |||
Fair Value | [1],[2],[5] | $ 2,281,919 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.01% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) Instrument First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 6.75% Total Coupon 11.78% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.75% | |||
Total Coupon | [3],[4],[6] | 11.78% | |||
Maturity | [3],[4],[6] | Aug. 21, 2028 | |||
Principal | [3],[4],[6] | $ 2,356,446 | |||
Cost | [3],[4],[6] | 2,316,105 | |||
Fair Value | [3],[4],[6] | $ 2,317,565 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.88% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services KKR Apple Bidco, LLC (Numerix) Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 2.75% Total Coupon 7.97% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 2.75% | |||
Total Coupon | [3],[4] | 7.97% | |||
Maturity | [3],[4] | Sep. 23, 2028 | |||
Principal | [3],[4] | $ 1,478,167 | |||
Cost | [3],[4] | 1,440,468 | |||
Fair Value | [3],[4] | $ 1,467,872 | |||
% of Total Cash and Investment | [3],[4] | 0.56% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services KKR Apple Bidco, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 2.75% Total Coupon 7.13% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 2.75% | |||
Total Coupon | [1],[2] | 7.13% | |||
Maturity | [1],[2] | Sep. 23, 2028 | |||
Principal | [1],[2] | $ 1,485,670 | |||
Cost | [1],[2] | 1,444,227 | |||
Fair Value | [1],[2] | $ 1,467,679 | |||
% of Total Cash and Investment | [1],[2] | 0.65% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services VS Buyer, LLC Instrument First Lien Term Loan Ref LIBOR(M) Spread 3% Total Coupon 7.38% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3% | |||
Total Coupon | [1],[2] | 7.38% | |||
Maturity | [1],[2] | Feb. 28, 2027 | |||
Principal | [1],[2] | $ 1,152,845 | |||
Cost | [1],[2] | 1,125,337 | |||
Fair Value | [1],[2] | $ 1,123,303 | |||
% of Total Cash and Investment | [1],[2] | 0.50% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services VS Buyer, LLC Instrument First Lien Term Loan Ref SOFR(M) Spread 3.25% Total Coupon 8.52% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.25% | |||
Total Coupon | [3],[4] | 8.52% | |||
Maturity | [3],[4] | Feb. 28, 2027 | |||
Principal | [3],[4] | $ 1,146,918 | |||
Cost | [3],[4] | 1,123,903 | |||
Fair Value | [3],[4] | $ 1,135,810 | |||
% of Total Cash and Investment | [3],[4] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services White Cap Supply Holdings, LLC (Numerix) Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.75% Total Coupon 8.85% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.85% | |||
Maturity | [3],[4] | Oct. 19, 2027 | |||
Principal | [3],[4] | $ 831,663 | |||
Cost | [3],[4] | 797,721 | |||
Fair Value | [3],[4] | $ 826,062 | |||
% of Total Cash and Investment | [3],[4] | 0.31% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Financial Services White Cap Supply Holdings, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.5% Spread 3.75% Total Coupon 8.07% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.07% | |||
Maturity | [1],[2] | Oct. 19, 2027 | |||
Principal | [1],[2] | $ 835,874 | |||
Cost | [1],[2] | 797,786 | |||
Fair Value | [1],[2] | $ 809,753 | |||
% of Total Cash and Investment | [1],[2] | 0.36% | |||
Investment, Identifier [Axis]: Debt Investments Diversified Telecommunication Services Cincinnati Bell, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.5% Spread 3.25% Total Coupon 7.67% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.67% | |||
Maturity | [1],[2] | Nov. 23, 2028 | |||
Principal | [1],[2] | $ 973,399 | |||
Cost | [1],[2] | 955,296 | |||
Fair Value | [1],[2] | $ 957,825 | |||
% of Total Cash and Investment | [1],[2] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Entertainment | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [1],[2] | $ 3,964,961 | |||
Fair Value | [1],[2] | $ 3,912,623 | |||
% of Total Cash and Investment | [1],[2] | 1.74% | |||
Investment, Identifier [Axis]: Debt Investments Entertainment EP Purchaser, LLC Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.5% Spread 3.5% Total Coupon 8.23% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 8.23% | |||
Maturity | [1],[2] | Nov. 06, 2028 | |||
Principal | [1],[2] | $ 618,442 | |||
Cost | [1],[2] | 616,123 | |||
Fair Value | [1],[2] | $ 613,034 | |||
% of Total Cash and Investment | [1],[2] | 0.27% | |||
Investment, Identifier [Axis]: Debt Investments Entertainment EP Purchaser, LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 3.50% Total Coupon 9.00% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 9% | |||
Maturity | [3],[4] | Nov. 06, 2028 | |||
Principal | [3],[4] | $ 615,327 | |||
Cost | [3],[4] | 613,204 | |||
Fair Value | [3],[4] | $ 603,790 | |||
% of Total Cash and Investment | [3],[4] | 0.23% | |||
Investment, Identifier [Axis]: Debt Investments Entertainment Renaissance Holding Corp. Instrument First Lien Term Loan Ref LIBOR(M) Spread 3.25% Total Coupon 7.63% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.63% | |||
Maturity | [1],[2] | May 30, 2025 | |||
Principal | [1],[2] | $ 1,444,800 | |||
Cost | [1],[2] | 1,408,588 | |||
Fair Value | [1],[2] | $ 1,381,229 | |||
% of Total Cash and Investment | [1],[2] | 0.61% | |||
Investment, Identifier [Axis]: Debt Investments Entertainment Renaissance Holding Corp. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.5% Spread 4.5% Total Coupon 8.72% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.50% | |||
Total Coupon | [1],[2] | 8.72% | |||
Maturity | [1],[2] | Mar. 30, 2029 | |||
Principal | [1],[2] | $ 1,990,000 | |||
Cost | [1],[2] | 1,940,250 | |||
Fair Value | [1],[2] | $ 1,918,360 | |||
% of Total Cash and Investment | [1],[2] | 0.86% | |||
Investment, Identifier [Axis]: Debt Investments Environmental, Maintenance & Security Service TruGreen Limited Partnership Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 4% Total Coupon 8.38% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.38% | |||
Maturity | [1],[2] | Nov. 02, 2027 | |||
Principal | [1],[2] | $ 743,921 | |||
Cost | [1],[2] | 726,133 | |||
Fair Value | [1],[2] | $ 662,558 | |||
% of Total Cash and Investment | [1],[2] | 0.29% | |||
Investment, Identifier [Axis]: Debt Investments Environmental, Maintenance & Security Service TruGreen Limited Partnership Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 4.00% Total Coupon 9.20% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4% | |||
Total Coupon | [3],[4] | 9.20% | |||
Maturity | [3],[4] | Nov. 02, 2027 | |||
Principal | [3],[4] | $ 740,126 | |||
Cost | [3],[4] | 724,241 | |||
Fair Value | [3],[4] | $ 683,136 | |||
% of Total Cash and Investment | [3],[4] | 0.26% | |||
Investment, Identifier [Axis]: Debt Investments Food Products | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 1,043,594 | [3],[4] | $ 1,041,966 | [1],[2] | |
Fair Value | $ 1,077,181 | [3],[4] | $ 1,064,747 | [1],[2] | |
% of Total Cash and Investment | 0.41% | [3],[4] | 0.47% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Food Products Chobani, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 1% Spread 3.5% Total Coupon 7.88% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.88% | |||
Maturity | [1],[2] | Oct. 23, 2027 | |||
Principal | [1],[2] | $ 584,477 | |||
Cost | [1],[2] | 551,074 | |||
Fair Value | [1],[2] | $ 575,464 | |||
% of Total Cash and Investment | [1],[2] | 0.26% | |||
Investment, Identifier [Axis]: Debt Investments Food Products Chobani, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 3.50% Total Coupon 8.72% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 3.50% | |||
Total Coupon | [3],[4],[6] | 8.72% | |||
Maturity | [3],[4],[6] | Oct. 23, 2027 | |||
Principal | [3],[4],[6] | $ 581,487 | |||
Cost | [3],[4],[6] | 551,723 | |||
Fair Value | [3],[4],[6] | $ 579,789 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.22% | |||
Investment, Identifier [Axis]: Debt Investments Food Products Sovos Brands Intermediate, Inc. Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 3.5% Total Coupon 7.91% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.91% | |||
Maturity | [1],[2] | Jun. 08, 2028 | |||
Principal | [1],[2] | $ 500,971 | |||
Cost | [1],[2] | 490,892 | |||
Fair Value | [1],[2] | $ 489,283 | |||
% of Total Cash and Investment | [1],[2] | 0.21% | |||
Investment, Identifier [Axis]: Debt Investments Food Products Sovos Brands Intermediate, Inc. Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 3.50% Total Coupon 8.77% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.77% | |||
Maturity | [3],[4] | Jun. 08, 2028 | |||
Principal | [3],[4] | $ 500,971 | |||
Cost | [3],[4] | 491,871 | |||
Fair Value | [3],[4] | $ 497,392 | |||
% of Total Cash and Investment | [3],[4] | 0.19% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Equipment & Supplies | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [3],[4] | $ 1,757,437 | |||
Fair Value | [3],[4] | $ 1,799,830 | |||
% of Total Cash and Investment | [3],[4] | 0.68% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Equipment & Supplies | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [1],[2] | $ 1,759,761 | |||
Fair Value | [1],[2] | $ 1,743,150 | |||
% of Total Cash and Investment | [1],[2] | 0.77% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Equipment & Supplies Chariot Buyer, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 3.25% Total Coupon 7.63% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.63% | |||
Maturity | [1],[2] | Nov. 03, 2028 | |||
Principal | [1],[2] | $ 914,083 | |||
Cost | [1],[2] | 864,945 | |||
Fair Value | [1],[2] | $ 863,808 | |||
% of Total Cash and Investment | [1],[2] | 0.38% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Equipment & Supplies Chariot Buyer, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.25% Total Coupon 8.45% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.25% | |||
Total Coupon | [3],[4] | 8.45% | |||
Maturity | [3],[4] | Nov. 03, 2028 | |||
Principal | [3],[4] | $ 909,466 | |||
Cost | [3],[4] | 864,699 | |||
Fair Value | [3],[4] | $ 890,385 | |||
% of Total Cash and Investment | [3],[4] | 0.34% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Equipment & Supplies Medline Borrower, LP Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 3.25% Total Coupon 7.63% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.63% | |||
Maturity | [1],[2] | Oct. 21, 2028 | |||
Principal | [1],[2] | $ 923,577 | |||
Cost | [1],[2] | 894,816 | |||
Fair Value | [1],[2] | $ 879,342 | |||
% of Total Cash and Investment | [1],[2] | 0.39% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Equipment & Supplies Medline Borrower, LP Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.25% Total Coupon 8.35% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.25% | |||
Total Coupon | [3],[4] | 8.35% | |||
Maturity | [3],[4] | Oct. 21, 2028 | |||
Principal | [3],[4] | $ 918,924 | |||
Cost | [3],[4] | 892,738 | |||
Fair Value | [3],[4] | $ 909,445 | |||
% of Total Cash and Investment | [3],[4] | 0.34% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 18,767,478 | [3],[4] | $ 17,507,507 | [1],[2] | |
Fair Value | $ 18,769,841 | [3],[4] | $ 17,358,057 | [1],[2] | |
% of Total Cash and Investment | 7.10% | [3],[4] | 7.71% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services AHP Health Partners, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 3.5% Total Coupon 7.88% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.88% | |||
Maturity | [1],[2] | Aug. 24, 2028 | |||
Principal | [1],[2] | $ 923,542 | |||
Cost | [1],[2] | 902,427 | |||
Fair Value | [1],[2] | $ 909,402 | |||
% of Total Cash and Investment | [1],[2] | 0.40% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services AHP Health Partners, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.50% Spread 3.50% Total Coupon 8.69% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.69% | |||
Maturity | [3],[4] | Aug. 24, 2028 | |||
Principal | [3],[4] | $ 918,866 | |||
Cost | [3],[4] | 899,693 | |||
Fair Value | [3],[4] | $ 917,489 | |||
% of Total Cash and Investment | [3],[4] | 0.35% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services CHG Healthcare Services, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 3.25% Total Coupon 7.63% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.63% | |||
Maturity | [1],[2] | Sep. 30, 2028 | |||
Principal | [1],[2] | $ 1,432,003 | |||
Cost | [1],[2] | 1,393,424 | |||
Fair Value | [1],[2] | $ 1,404,065 | |||
% of Total Cash and Investment | [1],[2] | 0.62% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services CHG Healthcare Services, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.50% Spread 3.25% Total Coupon 8.44% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.25% | |||
Total Coupon | [3],[4] | 8.44% | |||
Maturity | [3],[4] | Sep. 30, 2028 | |||
Principal | [3],[4] | $ 1,424,752 | |||
Cost | [3],[4] | 1,389,679 | |||
Fair Value | [3],[4] | $ 1,419,587 | |||
% of Total Cash and Investment | [3],[4] | 0.54% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services ImageFirst Holdings, LLC Instrument First Lien 2023 Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 10.39% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 5% | |||
Total Coupon | [3],[4] | 10.39% | |||
Maturity | [3],[4] | Apr. 27, 2028 | |||
Principal | [3],[4] | $ 0 | |||
Cost | [3],[4] | (5,526) | |||
Fair Value | [3],[4] | $ (5,137) | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services ImageFirst Holdings, LLC Instrument First Lien 2023 Incremental Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 10.39% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 5% | |||
Total Coupon | [3],[4] | 10.39% | |||
Maturity | [3],[4] | Apr. 27, 2028 | |||
Principal | [3],[4] | $ 1,141,546 | |||
Cost | [3],[4] | 1,113,917 | |||
Fair Value | [3],[4] | $ 1,115,861 | |||
% of Total Cash and Investment | [3],[4] | 0.42% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services ImageFirst Holdings, LLC Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 4.5% Total Coupon 9.23% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.50% | |||
Total Coupon | [1],[2] | 9.23% | |||
Maturity | [1],[2] | Apr. 27, 2028 | |||
Principal | [1],[2] | $ 2,481,119 | |||
Cost | [1],[2] | 2,424,273 | |||
Fair Value | [1],[2] | $ 2,350,860 | |||
% of Total Cash and Investment | [1],[2] | 1.04% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services ImageFirst Holdings, LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 10.14% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.75% | |||
Total Coupon | [3],[4] | 10.14% | |||
Maturity | [3],[4] | Apr. 27, 2028 | |||
Principal | [3],[4] | $ 4,703,385 | |||
Cost | [3],[4] | 4,569,793 | |||
Fair Value | [3],[4] | $ 4,597,559 | |||
% of Total Cash and Investment | [3],[4] | 1.74% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services Ingenovis Health, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.75% Total Coupon 8.14% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.14% | |||
Maturity | [1],[2] | Mar. 05, 2028 | |||
Principal | [1],[2] | $ 746,203 | |||
Cost | [1],[2] | 732,084 | |||
Fair Value | [1],[2] | $ 712,001 | |||
% of Total Cash and Investment | [1],[2] | 0.32% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services Ingenovis Health, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.75% Total Coupon 8.97% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.97% | |||
Maturity | [3],[4] | Mar. 05, 2028 | |||
Principal | [3],[4] | $ 742,405 | |||
Cost | [3],[4] | 729,704 | |||
Fair Value | [3],[4] | $ 716,421 | |||
% of Total Cash and Investment | [3],[4] | 0.27% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services Opco Borrower, LLC (Giving Home Health Care) Instrument First Lien Revolver Ref SOFR(M) Floor 1% Spread 6.5% Total Coupon 10.87% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6.50% | |||
Total Coupon | [1],[2],[5] | 10.87% | |||
Maturity | [1],[2],[5] | Aug. 19, 2027 | |||
Principal | [1],[2],[5] | $ 38,636 | |||
Cost | [1],[2],[5] | 36,846 | |||
Fair Value | [1],[2],[5] | $ 35,275 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.02% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services Opco Borrower, LLC (Giving Home Health Care) Instrument First Lien Revolver Ref SOFR(Q) Floor 1.00% Spread 6.50% Total Coupon 11.84% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 6.50% | |||
Total Coupon | [3],[4],[6],[10] | 11.84% | |||
Maturity | [3],[4],[6],[10] | Aug. 19, 2027 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (1,597) | |||
Fair Value | [3],[4],[6],[10] | $ (155) | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services Opco Borrower, LLC (Giving Home Health Care) Instrument First Lien Term Loan Ref SOFR(Q) Floor 1% Spread 6.5% Total Coupon 11.08% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6.50% | |||
Total Coupon | [1],[2],[5] | 11.08% | |||
Maturity | [1],[2],[5] | Aug. 19, 2027 | |||
Principal | [1],[2],[5] | $ 2,111,700 | |||
Cost | [1],[2],[5] | 2,092,133 | |||
Fair Value | [1],[2],[5] | $ 2,074,956 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.92% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services Opco Borrower, LLC (Giving Home Health Care) Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.50% Total Coupon 11.84% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.50% | |||
Total Coupon | [3],[4],[6] | 11.84% | |||
Maturity | [3],[4],[6] | Aug. 19, 2027 | |||
Principal | [3],[4],[6] | $ 2,085,138 | |||
Cost | [3],[4],[6] | 2,067,895 | |||
Fair Value | [3],[4],[6] | $ 2,083,470 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.79% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services PetVet Care Centers, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.5% Total Coupon 7.88% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.88% | |||
Maturity | [1],[2] | Feb. 14, 2025 | |||
Principal | [1],[2] | $ 743,849 | |||
Cost | [1],[2] | 723,301 | |||
Fair Value | [1],[2] | $ 701,375 | |||
% of Total Cash and Investment | [1],[2] | 0.31% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services PetVet Care Centers, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.50% Total Coupon 8.69% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.69% | |||
Maturity | [3],[4] | Feb. 14, 2025 | |||
Principal | [3],[4] | $ 740,004 | |||
Cost | [3],[4] | 724,351 | |||
Fair Value | [3],[4] | $ 726,314 | |||
% of Total Cash and Investment | [3],[4] | 0.27% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services Premise Health Holding Corp. Instrument First Lien Term Loan Ref SOFR(S) Floor 0.5% Spread 4.75% Total Coupon 8.98% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 4.75% | |||
Total Coupon | [1],[2],[5] | 8.98% | |||
Maturity | [1],[2],[5] | Jul. 10, 2025 | |||
Principal | [1],[2],[5] | $ 4,975,000 | |||
Cost | [1],[2],[5] | 4,892,567 | |||
Fair Value | [1],[2],[5] | $ 4,867,043 | |||
% of Total Cash and Investment | [1],[2],[5] | 2.16% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services Premise Health Holding Corp. Instrument First Lien Term Loan Ref SOFR(S) Floor 0.50% Spread 4.75% Total Coupon 10.34% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 4.75% | |||
Total Coupon | [3],[4],[6] | 10.34% | |||
Maturity | [3],[4],[6] | Jul. 10, 2025 | |||
Principal | [3],[4],[6] | $ 4,950,000 | |||
Cost | [3],[4],[6] | 4,884,178 | |||
Fair Value | [3],[4],[6] | $ 4,873,770 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.84% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services U.S. Anesthesia Partners, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 4.25% Total Coupon 8.37% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.25% | |||
Total Coupon | [1],[2] | 8.37% | |||
Maturity | [1],[2] | Oct. 01, 2028 | |||
Principal | [1],[2] | $ 2,481,156 | |||
Cost | [1],[2] | 2,400,556 | |||
Fair Value | [1],[2] | $ 2,368,660 | |||
% of Total Cash and Investment | [1],[2] | 1.06% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services U.S. Anesthesia Partners, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.50% Spread 4.25% Total Coupon 9.42% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.25% | |||
Total Coupon | [3],[4] | 9.42% | |||
Maturity | [3],[4] | Oct. 01, 2028 | |||
Principal | [3],[4] | $ 2,468,593 | |||
Cost | [3],[4] | 2,395,391 | |||
Fair Value | [3],[4] | $ 2,324,662 | |||
% of Total Cash and Investment | [3],[4] | 0.88% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Providers & Services WP CityMD Bidco, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 3.25% Total Coupon 7.63% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.63% | |||
Maturity | [1],[2] | Dec. 23, 2028 | |||
Principal | [1],[2] | $ 1,936,008 | |||
Cost | [1],[2] | 1,909,896 | |||
Fair Value | [1],[2] | $ 1,934,420 | |||
% of Total Cash and Investment | [1],[2] | 0.86% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [3],[4] | $ 7,025,014 | |||
Fair Value | [3],[4] | $ 6,954,727 | |||
% of Total Cash and Investment | [3],[4] | 2.63% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [1],[2] | $ 7,046,998 | |||
Fair Value | [1],[2] | $ 6,733,138 | |||
% of Total Cash and Investment | [1],[2] | 2.99% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology Gainwell Acquisition Corp. Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 4% Total Coupon 8.73% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.73% | |||
Maturity | [1],[2] | Oct. 01, 2027 | |||
Principal | [1],[2] | $ 3,935,777 | |||
Cost | [1],[2] | 3,870,009 | |||
Fair Value | [1],[2] | $ 3,704,550 | |||
% of Total Cash and Investment | [1],[2] | 1.65% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology Gainwell Acquisition Corp. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.00% Total Coupon 9.34% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4% | |||
Total Coupon | [3],[4] | 9.34% | |||
Maturity | [3],[4] | Oct. 01, 2027 | |||
Principal | [3],[4] | $ 3,915,696 | |||
Cost | [3],[4] | 3,857,089 | |||
Fair Value | [3],[4] | $ 3,861,855 | |||
% of Total Cash and Investment | [3],[4] | 1.46% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology PointClickCare Technologies Inc. (Canada) Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4% Total Coupon 8.58% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[8] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[8] | 4% | |||
Total Coupon | [1],[2],[5],[8] | 8.58% | |||
Maturity | [1],[2],[5],[8] | Dec. 29, 2027 | |||
Principal | [1],[2],[5],[8] | $ 967,563 | |||
Cost | [1],[2],[5],[8] | 965,144 | |||
Fair Value | [1],[2],[5],[8] | $ 960,306 | |||
% of Total Cash and Investment | [1],[2],[5],[8] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology PointClickCare Technologies Inc. (Canada) Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.00% Total Coupon 9.24% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[9] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[9] | 4% | |||
Total Coupon | [3],[4],[6],[9] | 9.24% | |||
Maturity | [3],[4],[6],[9] | Dec. 29, 2027 | |||
Principal | [3],[4],[6],[9] | $ 962,688 | |||
Cost | [3],[4],[6],[9] | 960,486 | |||
Fair Value | [3],[4],[6],[9] | $ 963,891 | |||
% of Total Cash and Investment | [3],[4],[6],[9] | 0.36% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology Polaris Newco, LLC Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.5% Spread 4% Total Coupon 8.73% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.73% | |||
Maturity | [1],[2] | Jun. 04, 2028 | |||
Principal | [1],[2] | $ 1,385,313 | |||
Cost | [1],[2] | 1,337,095 | |||
Fair Value | [1],[2] | $ 1,267,561 | |||
% of Total Cash and Investment | [1],[2] | 0.55% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology Polaris Newco, LLC Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.50% Spread 4.00% Total Coupon 9.54% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4% | |||
Total Coupon | [3],[4] | 9.54% | |||
Maturity | [3],[4] | Jun. 04, 2028 | |||
Principal | [3],[4] | $ 1,378,299 | |||
Cost | [3],[4] | 1,334,714 | |||
Fair Value | [3],[4] | $ 1,272,625 | |||
% of Total Cash and Investment | [3],[4] | 0.48% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology athenahealth Group Inc. Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.50% Spread 3.50% Total Coupon 8.59% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[10] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[10] | 3.50% | |||
Total Coupon | [3],[4],[10] | 8.59% | |||
Maturity | [3],[4],[10] | Feb. 15, 2029 | |||
Principal | [3],[4],[10] | $ 0 | |||
Cost | [3],[4],[10] | (2,219) | |||
Fair Value | [3],[4],[10] | $ (3,842) | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology athenahealth Group Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.5% Spread 3.5% Total Coupon 7.82% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.82% | |||
Maturity | [1],[2] | Feb. 15, 2029 | |||
Principal | [1],[2] | $ 859,305 | |||
Cost | [1],[2] | 841,390 | |||
Fair Value | [1],[2] | $ 777,980 | |||
% of Total Cash and Investment | [1],[2] | 0.35% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology athenahealth Group Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.5% Spread 3.5% Total Coupon 7.82% One | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.82% | |||
Maturity | [1],[2] | Feb. 15, 2029 | |||
Principal | [1],[2] | $ 36,594 | |||
Cost | [1],[2] | 33,360 | |||
Fair Value | [1],[2] | $ 22,741 | |||
% of Total Cash and Investment | [1],[2] | 0.01% | |||
Investment, Identifier [Axis]: Debt Investments Health Care Technology athenahealth Group Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.50% Total Coupon 8.59% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.59% | |||
Maturity | [3],[4] | Feb. 15, 2029 | |||
Principal | [3],[4] | $ 891,397 | |||
Cost | [3],[4] | 874,944 | |||
Fair Value | [3],[4] | $ 860,198 | |||
% of Total Cash and Investment | [3],[4] | 0.33% | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [3],[4] | $ 6,326,013 | |||
Fair Value | [3],[4] | $ 6,397,533 | |||
% of Total Cash and Investment | [3],[4] | 2.42% | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure Fertitta Entertainment, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.5% Spread 4% Total Coupon 8.32% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.32% | |||
Maturity | [1],[2] | Jan. 27, 2029 | |||
Principal | [1],[2] | $ 1,183,309 | |||
Cost | [1],[2] | 1,137,129 | |||
Fair Value | [1],[2] | $ 1,127,404 | |||
% of Total Cash and Investment | [1],[2] | 0.50% | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure Fertitta Entertainment, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 4.00% Total Coupon 9.10% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4% | |||
Total Coupon | [3],[4] | 9.10% | |||
Maturity | [3],[4] | Jan. 27, 2029 | |||
Principal | [3],[4] | $ 1,177,348 | |||
Cost | [3],[4] | 1,135,122 | |||
Fair Value | [3],[4] | $ 1,164,226 | |||
% of Total Cash and Investment | [3],[4] | 0.44% | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure Four Seasons Holdings Inc. (Canada) Instrument First Lien Term Loan Ref SOFR(M) Floor 0.5% Spread 3.25% Total Coupon 7.67% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[8] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[8] | 3.25% | |||
Total Coupon | [1],[2],[8] | 7.67% | |||
Maturity | [1],[2],[8] | Nov. 30, 2029 | |||
Principal | [1],[2],[8] | $ 509,993 | |||
Cost | [1],[2],[8] | 502,421 | |||
Fair Value | [1],[2],[8] | $ 510,720 | |||
% of Total Cash and Investment | [1],[2],[8] | 0.23% | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure Four Seasons Holdings Inc. (Canada) Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.25% Total Coupon 8.45% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[9] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[9] | 3.25% | |||
Total Coupon | [3],[4],[9] | 8.45% | |||
Maturity | [3],[4],[9] | Nov. 30, 2029 | |||
Principal | [3],[4],[9] | $ 507,443 | |||
Cost | [3],[4],[9] | 500,441 | |||
Fair Value | [3],[4],[9] | $ 509,409 | |||
% of Total Cash and Investment | [3],[4],[9] | 0.19% | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure IRB Holding Corp. Instrument First Lien Term Loan Ref LIBOR(M) Floor 1% Spread 2.75% Total Coupon 7.13% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 2.75% | |||
Total Coupon | [1],[2] | 7.13% | |||
Maturity | [1],[2] | Feb. 05, 2025 | |||
Principal | [1],[2] | $ 1,929,467 | |||
Cost | [1],[2] | 1,880,860 | |||
Fair Value | [1],[2] | $ 1,915,295 | |||
% of Total Cash and Investment | [1],[2] | 0.85% | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure IRB Holding Corp. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 3.00% Total Coupon 8.20% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3% | |||
Total Coupon | [3],[4] | 8.20% | |||
Maturity | [3],[4] | Dec. 15, 2027 | |||
Principal | [3],[4] | $ 1,012,871 | |||
Cost | [3],[4] | 1,003,689 | |||
Fair Value | [3],[4] | $ 1,007,174 | |||
% of Total Cash and Investment | [3],[4] | 0.38% | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure Instrument First Lien Term Loan | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [1],[2] | $ 4,522,654 | |||
Fair Value | [1],[2] | $ 4,564,040 | |||
% of Total Cash and Investment | [1],[2] | 2.03% | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure Showtime Acquisition, L.L.C. (World Choice) Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.67% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 7.50% | |||
Total Coupon | [3],[4],[6],[10] | 12.67% | |||
Maturity | [3],[4],[6],[10] | Aug. 07, 2028 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (2,204) | |||
Fair Value | [3],[4],[6],[10] | $ (4,417) | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure Showtime Acquisition, L.L.C. (World Choice) Instrument First Lien Revolver Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.67% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 7.50% | |||
Total Coupon | [3],[4],[6],[10] | 12.67% | |||
Maturity | [3],[4],[6],[10] | Aug. 07, 2028 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (5,509) | |||
Fair Value | [3],[4],[6],[10] | $ (5,522) | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure Showtime Acquisition, L.L.C. (World Choice) Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.67% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 7.50% | |||
Total Coupon | [3],[4],[6] | 12.67% | |||
Maturity | [3],[4],[6] | Aug. 07, 2028 | |||
Principal | [3],[4],[6] | $ 2,770,800 | |||
Cost | [3],[4],[6] | 2,693,676 | |||
Fair Value | [3],[4],[6] | $ 2,693,495 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.02% | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure Whatabrands, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 3.25% Total Coupon 7.63% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.63% | |||
Maturity | [1],[2] | Aug. 03, 2028 | |||
Principal | [1],[2] | $ 1,043,222 | |||
Cost | [1],[2] | 1,002,244 | |||
Fair Value | [1],[2] | $ 1,010,621 | |||
% of Total Cash and Investment | [1],[2] | 0.45% | |||
Investment, Identifier [Axis]: Debt Investments Hotels, Restaurants & Leisure Whatabrands, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.25% Total Coupon 8.47% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.25% | |||
Total Coupon | [3],[4] | 8.47% | |||
Maturity | [3],[4] | Aug. 03, 2028 | |||
Principal | [3],[4] | $ 1,037,953 | |||
Cost | [3],[4] | 1,000,798 | |||
Fair Value | [3],[4] | $ 1,033,168 | |||
% of Total Cash and Investment | [3],[4] | 0.39% | |||
Investment, Identifier [Axis]: Debt Investments IT Services | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 16,284,359 | [3],[4] | $ 13,266,403 | [1],[2] | |
Fair Value | $ 15,821,061 | [3],[4] | $ 12,714,981 | [1],[2] | |
% of Total Cash and Investment | 5.98% | [3],[4] | 5.65% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments IT Services Avalara, Inc. Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 7.25% Total Coupon 11.83% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 7.25% | |||
Total Coupon | [1],[2],[5],[7] | 11.83% | |||
Maturity | [1],[2],[5],[7] | Oct. 19, 2028 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (9,121) | |||
Fair Value | [1],[2],[5],[7] | $ (11,330) | |||
% of Total Cash and Investment | [1],[2],[5],[7] | (0.01%) | |||
Investment, Identifier [Axis]: Debt Investments IT Services Avalara, Inc. Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 7.25% Total Coupon 12.49% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 7.25% | |||
Total Coupon | [3],[4],[6],[10] | 12.49% | |||
Maturity | [3],[4],[6],[10] | Oct. 19, 2028 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (8,339) | |||
Fair Value | [3],[4],[6],[10] | $ (1,888) | |||
% of Total Cash and Investment | [3],[4],[6],[10] | 0% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Avalara, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.25% Total Coupon 11.83% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 7.25% | |||
Total Coupon | [1],[2],[5] | 11.83% | |||
Maturity | [1],[2],[5] | Oct. 19, 2028 | |||
Principal | [1],[2],[5] | $ 3,776,510 | |||
Cost | [1],[2],[5] | 3,685,300 | |||
Fair Value | [1],[2],[5] | $ 3,663,215 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.63% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Avalara, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.25% Total Coupon 12.49% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 7.25% | |||
Total Coupon | [3],[4],[6] | 12.49% | |||
Maturity | [3],[4],[6] | Oct. 19, 2028 | |||
Principal | [3],[4],[6] | $ 3,776,510 | |||
Cost | [3],[4],[6] | 3,693,119 | |||
Fair Value | [3],[4],[6] | $ 3,757,627 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.42% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Hyland Software, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.50% Total Coupon 7.88% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.88% | |||
Maturity | [1],[2] | Jul. 01, 2024 | |||
Principal | [1],[2] | $ 1,757,912 | |||
Cost | [1],[2] | 1,732,650 | |||
Fair Value | [1],[2] | $ 1,737,916 | |||
% of Total Cash and Investment | [1],[2] | 0.77% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Hyland Software, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.50% Total Coupon 8.69% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.69% | |||
Maturity | [3],[4] | Jul. 01, 2024 | |||
Principal | [3],[4] | $ 1,748,732 | |||
Cost | [3],[4] | 1,731,918 | |||
Fair Value | [3],[4] | $ 1,736,491 | |||
% of Total Cash and Investment | [3],[4] | 0.66% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Madison Logic Holdings, Inc. Instrument First Lien Revolver Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 11.58% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 7% | |||
Total Coupon | [1],[2],[5],[7] | 11.58% | |||
Maturity | [1],[2],[5],[7] | Dec. 30, 2027 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (4,891) | |||
Fair Value | [1],[2],[5],[7] | $ (4,891) | |||
Investment, Identifier [Axis]: Debt Investments IT Services Madison Logic Holdings, Inc. Instrument First Lien Revolver Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 12.24% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 7% | |||
Total Coupon | [3],[4],[6],[10] | 12.24% | |||
Maturity | [3],[4],[6],[10] | Dec. 30, 2027 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (4,401) | |||
Fair Value | [3],[4],[6],[10] | $ (4,402) | |||
Investment, Identifier [Axis]: Debt Investments IT Services Madison Logic Holdings, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 11.58% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 7% | |||
Total Coupon | [1],[2],[5] | 11.58% | |||
Maturity | [1],[2],[5] | Dec. 29, 2028 | |||
Principal | [1],[2],[5] | $ 2,271,646 | |||
Cost | [1],[2],[5] | 2,203,557 | |||
Fair Value | [1],[2],[5] | $ 2,203,497 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.98% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Madison Logic Holdings, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 12.24% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 7% | |||
Total Coupon | [3],[4],[6] | 12.24% | |||
Maturity | [3],[4],[6] | Dec. 29, 2028 | |||
Principal | [3],[4],[6] | $ 2,265,967 | |||
Cost | [3],[4],[6] | 2,203,663 | |||
Fair Value | [3],[4],[6] | $ 2,204,786 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.83% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Optiv Security, Inc. Instrument First Lien Term Loan Ref LIBOR(S) Floor 1.00% Spread 3.25% Total Coupon 7.42% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.42% | |||
Maturity | [1],[2] | Feb. 01, 2024 | |||
Principal | [1],[2] | $ 1,013,320 | |||
Cost | [1],[2] | 991,650 | |||
Fair Value | [1],[2] | $ 971,733 | |||
% of Total Cash and Investment | [1],[2] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Research Now Group, LLC Instrument First Lien Term Loan Ref LIBOR(Q) Floor 1.00% Spread 5.50% Total Coupon 10.80% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 5.50% | |||
Total Coupon | [3],[4] | 10.80% | |||
Maturity | [3],[4] | Dec. 20, 2024 | |||
Principal | [3],[4] | $ 2,467,363 | |||
Cost | [3],[4] | 2,383,444 | |||
Fair Value | [3],[4] | $ 1,768,791 | |||
% of Total Cash and Investment | [3],[4] | 0.67% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Research Now Group, LLC Instrument First Lien Term Loan Ref LIBOR(S) Floor 1.00% Spread 5.50% Total Coupon 8.84% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 5.50% | |||
Total Coupon | [1],[2] | 8.84% | |||
Maturity | [1],[2] | Dec. 20, 2024 | |||
Principal | [1],[2] | $ 2,480,418 | |||
Cost | [1],[2] | 2,367,143 | |||
Fair Value | [1],[2] | $ 1,877,887 | |||
% of Total Cash and Investment | [1],[2] | 0.83% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Serrano Parent, LLC (Sumo Logic). Instrument First Lien Revolver Ref SOFR(Q) Floor 1.00% Spread 6.50% Total Coupon 11.60% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 6.50% | |||
Total Coupon | [3],[4],[6],[10] | 11.60% | |||
Maturity | [3],[4],[6],[10] | May 13, 2030 | |||
Cost | [3],[4],[6],[10] | $ (10,048) | |||
Fair Value | [3],[4],[6],[10] | $ 7,379 | |||
Investment, Identifier [Axis]: Debt Investments IT Services Serrano Parent, LLC (Sumo Logic). Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.50% Total Coupon 11.60% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.50% | |||
Total Coupon | [3],[4],[6] | 11.60% | |||
Maturity | [3],[4],[6] | May 13, 2030 | |||
Principal | [3],[4],[6] | $ 4,099,217 | |||
Cost | [3],[4],[6] | 3,998,740 | |||
Fair Value | [3],[4],[6] | $ 4,025,431 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.52% | |||
Investment, Identifier [Axis]: Debt Investments IT Services TierPoint, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.75% Total Coupon 8.13% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.13% | |||
Maturity | [1],[2] | May 05, 2026 | |||
Principal | [1],[2] | $ 1,115,568 | |||
Cost | [1],[2] | 1,080,512 | |||
Fair Value | [1],[2] | $ 1,046,191 | |||
% of Total Cash and Investment | [1],[2] | 0.46% | |||
Investment, Identifier [Axis]: Debt Investments IT Services TierPoint, LLC Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 3.75% Total Coupon 9.23% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 9.23% | |||
Maturity | [3],[4] | May 05, 2026 | |||
Principal | [3],[4] | $ 1,109,666 | |||
Cost | [3],[4] | 1,079,994 | |||
Fair Value | [3],[4] | $ 1,105,505 | |||
% of Total Cash and Investment | [3],[4] | 0.42% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Zelis Cost Management Buyer, Inc. Instrument First Lien Incremental Term Loan Ref LIBOR(M) Spread 3.50% Total Coupon 7.88% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.88% | |||
Maturity | [1],[2] | Sep. 30, 2026 | |||
Principal | [1],[2] | $ 1,242,016 | |||
Cost | [1],[2] | 1,219,603 | |||
Fair Value | [1],[2] | $ 1,230,763 | |||
% of Total Cash and Investment | [1],[2] | 0.56% | |||
Investment, Identifier [Axis]: Debt Investments IT Services Zelis Cost Management Buyer, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Spread 3.50% Total Coupon 8.69% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.69% | |||
Maturity | [3],[4] | Sep. 30, 2026 | |||
Principal | [3],[4] | $ 1,235,679 | |||
Cost | [3],[4] | 1,216,269 | |||
Fair Value | [3],[4] | $ 1,236,099 | |||
% of Total Cash and Investment | [3],[4] | 0.46% | |||
Investment, Identifier [Axis]: Debt Investments Insurance | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 22,383,640 | [3],[4] | $ 16,708,529 | [1],[2] | |
Fair Value | $ 22,522,247 | [3],[4] | $ 16,926,383 | [1],[2] | |
% of Total Cash and Investment | 8.52% | [3],[4] | 7.52% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Insurance Alera Group, Inc. Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 6.5% Total Coupon 10.92% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6.50% | |||
Total Coupon | [1],[2],[5] | 10.92% | |||
Maturity | [1],[2],[5] | Sep. 30, 2028 | |||
Principal | [1],[2],[5] | $ 310,396 | |||
Cost | [1],[2],[5] | 299,906 | |||
Fair Value | [1],[2],[5] | $ 292,085 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.13% | |||
Investment, Identifier [Axis]: Debt Investments Insurance Alera Group, Inc. Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 6.50% Total Coupon 11.70% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.50% | |||
Total Coupon | [3],[4],[6] | 11.70% | |||
Maturity | [3],[4],[6] | Sep. 30, 2028 | |||
Principal | [3],[4],[6] | $ 440,151 | |||
Cost | [3],[4],[6] | 430,609 | |||
Fair Value | [3],[4],[6] | $ 436,835 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.17% | |||
Investment, Identifier [Axis]: Debt Investments Insurance Alera Group, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 6.5% Total Coupon 10.92% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6.50% | |||
Total Coupon | [1],[2],[5] | 10.92% | |||
Maturity | [1],[2],[5] | Sep. 30, 2028 | |||
Principal | [1],[2],[5] | $ 277,139 | |||
Cost | [1],[2],[5] | 271,901 | |||
Fair Value | [1],[2],[5] | $ 267,993 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.12% | |||
Investment, Identifier [Axis]: Debt Investments Insurance Alera Group, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 6.50% Total Coupon 11.70% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.50% | |||
Total Coupon | [3],[4],[6] | 11.70% | |||
Maturity | [3],[4],[6] | Sep. 30, 2028 | |||
Principal | [3],[4],[6] | $ 275,750 | |||
Cost | [3],[4],[6] | 270,989 | |||
Fair Value | [3],[4],[6] | $ 274,096 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.10% | |||
Investment, Identifier [Axis]: Debt Investments Insurance Alliant Holdings Intermediate, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 3.5% Total Coupon 7.85% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.85% | |||
Maturity | [1],[2] | Nov. 06, 2027 | |||
Principal | [1],[2] | $ 1,615,387 | |||
Cost | [1],[2] | 1,568,466 | |||
Fair Value | [1],[2] | $ 1,581,059 | |||
% of Total Cash and Investment | [1],[2] | 0.70% | |||
Investment, Identifier [Axis]: Debt Investments Insurance Alliant Holdings Intermediate, LLC Instrument First Lien Term Loan Ref SOFR(M)/LIBOR(M) Floor 0.50% Spread 3.50% Total Coupon 8.65% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.65% | |||
Maturity | [3],[4] | Nov. 06, 2027 | |||
Principal | [3],[4] | $ 2,122,840 | |||
Cost | [3],[4] | 2,078,505 | |||
Fair Value | [3],[4] | $ 2,112,980 | |||
% of Total Cash and Investment | [3],[4] | 0.80% | |||
Investment, Identifier [Axis]: Debt Investments Insurance AmeriLife Holdings, LLC Instrument First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 0.75% Spread 5.75% Total Coupon 10.15% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 5.75% | |||
Total Coupon | [1],[2],[5] | 10.15% | |||
Maturity | [1],[2],[5] | Aug. 31, 2029 | |||
Principal | [1],[2],[5] | $ 503,326 | |||
Cost | [1],[2],[5] | 491,343 | |||
Fair Value | [1],[2],[5] | $ 472,371 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.21% | |||
Investment, Identifier [Axis]: Debt Investments Insurance AmeriLife Holdings, LLC Instrument First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 0.75% Spread 5.75% Total Coupon 10.62% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 5.75% | |||
Total Coupon | [3],[4],[6] | 10.62% | |||
Maturity | [3],[4],[6] | Aug. 31, 2029 | |||
Principal | [3],[4],[6] | $ 500,809 | |||
Cost | [3],[4],[6] | 489,759 | |||
Fair Value | [3],[4],[6] | $ 477,482 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.18% | |||
Investment, Identifier [Axis]: Debt Investments Insurance AmeriLife Holdings, LLC Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 9.58% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 5.75% | |||
Total Coupon | [1],[2],[5],[7] | 9.58% | |||
Maturity | [1],[2],[5],[7] | Aug. 31, 2028 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (7,126) | |||
Fair Value | [1],[2],[5],[7] | $ (15,477) | |||
% of Total Cash and Investment | [1],[2],[5],[7] | (0.01%) | |||
Investment, Identifier [Axis]: Debt Investments Insurance AmeriLife Holdings, LLC Instrument First Lien Revolver Ref SOFR(S) Floor 0.75% Spread 5.75% Total Coupon 10.99% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 5.75% | |||
Total Coupon | [3],[4],[6],[10] | 10.99% | |||
Maturity | [3],[4],[6],[10] | Aug. 31, 2028 | |||
Principal | [3],[4],[6],[10] | $ 62,915 | |||
Cost | [3],[4],[6],[10] | 56,413 | |||
Fair Value | [3],[4],[6] | $ 51,213 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.02% | |||
Investment, Identifier [Axis]: Debt Investments Insurance AmeriLife Holdings, LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 9.58% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 5.75% | |||
Total Coupon | [1],[2],[5] | 9.58% | |||
Maturity | [1],[2],[5] | Aug. 31, 2029 | |||
Principal | [1],[2],[5] | $ 3,019,956 | |||
Cost | [1],[2],[5] | 2,962,461 | |||
Fair Value | [1],[2],[5] | $ 2,896,138 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.29% | |||
Investment, Identifier [Axis]: Debt Investments Insurance AmeriLife Holdings, LLC Instrument First Lien Term Loan Ref SOFR(S) Floor 0.75% Spread 5.75% Total Coupon 10.88% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 5.75% | |||
Total Coupon | [3],[4],[6] | 10.88% | |||
Maturity | [3],[4],[6] | Aug. 31, 2029 | |||
Principal | [3],[4],[6] | $ 3,004,856 | |||
Cost | [3],[4],[6] | 2,951,904 | |||
Fair Value | [3],[4],[6] | $ 2,911,705 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.10% | |||
Investment, Identifier [Axis]: Debt Investments Insurance AssuredPartners, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.5% Spread 3.5% Total Coupon 7.88% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.88% | |||
Maturity | [1],[2] | Feb. 12, 2027 | |||
Principal | [1],[2] | $ 993,317 | |||
Cost | [1],[2] | 959,671 | |||
Fair Value | [1],[2] | $ 964,511 | |||
% of Total Cash and Investment | [1],[2] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Insurance AssuredPartners, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.50% Total Coupon 8.72% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.72% | |||
Maturity | [3],[4],[6],[10] | Feb. 12, 2027 | |||
Principal | [3],[4] | $ 988,275 | |||
Cost | [3],[4] | 958,849 | |||
Fair Value | [3],[4] | $ 980,043 | |||
% of Total Cash and Investment | [3],[4] | 0.37% | |||
Investment, Identifier [Axis]: Debt Investments Insurance Galway Borrower LLC Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.99% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 5.75% | |||
Total Coupon | [3],[4] | 10.99% | |||
Maturity | [3],[4] | Sep. 29, 2028 | |||
Principal | [3],[4] | $ 0 | |||
Cost | [3],[4] | (52,388) | |||
Fair Value | [3],[4] | $ (189,000) | |||
% of Total Cash and Investment | [3],[4] | (0.07%) | |||
Investment, Identifier [Axis]: Debt Investments Insurance Galway Borrower LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.99% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 5.75% | |||
Total Coupon | [3],[4] | 10.99% | |||
Maturity | [3],[4] | Sep. 29, 2028 | |||
Principal | [3],[4] | $ 3,600,000 | |||
Cost | [3],[4] | 3,530,150 | |||
Fair Value | [3],[4] | $ 3,474,000 | |||
% of Total Cash and Investment | [3],[4] | 1.31% | |||
Investment, Identifier [Axis]: Debt Investments Insurance HUB International Limited Instrument First Lien Incremental Term Loan Ref SOFR(Q) Floor 0.75% Spread 4% Total Coupon 8.22% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.22% | |||
Maturity | [1],[2] | Nov. 10, 2029 | |||
Principal | [1],[2] | $ 401,000 | |||
Cost | [1],[2] | 389,706 | |||
Fair Value | [1],[2] | $ 397,325 | |||
% of Total Cash and Investment | [1],[2] | 0.18% | |||
Investment, Identifier [Axis]: Debt Investments Insurance HUB International Limited Instrument First Lien Incremental Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.00% Total Coupon 9.07% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4% | |||
Total Coupon | [3],[4] | 9.07% | |||
Maturity | [3],[4] | Nov. 10, 2029 | |||
Principal | [3],[4] | $ 209,539 | |||
Cost | [3],[4] | 202,087 | |||
Fair Value | [3],[4] | $ 209,690 | |||
% of Total Cash and Investment | [3],[4] | 0.08% | |||
Investment, Identifier [Axis]: Debt Investments Insurance HUB International Limited Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 3.25% Total Coupon 7.53% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.53% | |||
Maturity | [1],[2] | Apr. 25, 2025 | |||
Principal | [1],[2] | $ 1,757,193 | |||
Cost | [1],[2] | 1,721,594 | |||
Fair Value | [1],[2] | $ 1,743,812 | |||
% of Total Cash and Investment | [1],[2] | 0.77% | |||
Investment, Identifier [Axis]: Debt Investments Insurance HUB International Limited Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 4.25% Total Coupon 9.34% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.25% | |||
Total Coupon | [3],[4] | 9.34% | |||
Maturity | [3],[4] | Apr. 25, 2025 | |||
Principal | [3],[4] | $ 1,463,445 | |||
Cost | [3],[4] | 1,438,527 | |||
Fair Value | [3],[4] | $ 1,462,677 | |||
% of Total Cash and Investment | [3],[4] | 0.55% | |||
Investment, Identifier [Axis]: Debt Investments Insurance Integrity Marketing Acquisition, LLC Instrument First Lien 2023 Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 6.00% Total Coupon 11.08% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 6% | |||
Total Coupon | [3],[4],[6],[10] | 11.08% | |||
Maturity | [3],[4],[6],[10] | Aug. 27, 2025 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (12,764) | |||
Fair Value | [3],[4],[6],[10] | $ (18,754) | |||
% of Total Cash and Investment | [3],[4],[6],[10] | (0.01%) | |||
Investment, Identifier [Axis]: Debt Investments Insurance Integrity Marketing Acquisition, LLC Instrument First Lien 2023 Incremental Term Loan Ref SOFR(M) Floor 0.75% Spread 6.00% Total Coupon 11.08% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6% | |||
Total Coupon | [3],[4],[6] | 11.08% | |||
Maturity | [3],[4],[6] | Aug. 27, 2025 | |||
Principal | [3],[4],[6] | $ 2,009,317 | |||
Cost | [3],[4],[6] | 1,971,025 | |||
Fair Value | [3],[4],[6] | $ 1,981,187 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.75% | |||
Investment, Identifier [Axis]: Debt Investments Insurance Integrity Marketing Acquisition, LLC Instrument First Lien Incremental Revolver Ref SOFR(M) Floor 0.75% Spread 6.5% Total Coupon 10.82% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6.50% | |||
Total Coupon | [1],[2],[5],[7] | 10.82% | |||
Maturity | [1],[2],[5],[7] | Aug. 27, 2025 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (229,212) | |||
Fair Value | [1],[2],[5],[7] | $ (23,918) | |||
% of Total Cash and Investment | [1],[2],[5],[7] | (0.01%) | |||
Investment, Identifier [Axis]: Debt Investments Insurance Integrity Marketing Acquisition, LLC Instrument First Lien Incremental Revolver Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 11.76% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 6.50% | |||
Total Coupon | [3],[4],[6],[10] | 11.76% | |||
Maturity | [3],[4],[6],[10] | Aug. 27, 2025 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (199,075) | |||
Fair Value | [3],[4],[6],[10] | $ (13,031) | |||
Investment, Identifier [Axis]: Debt Investments Insurance Integrity Marketing Acquisition, LLC Instrument First Lien Incremental Term Loan Ref SOFR(M) Floor 0.75% Spread 6.5% Total Coupon 10.82% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6.50% | |||
Total Coupon | [1],[2],[5] | 10.82% | |||
Maturity | [1],[2],[5] | Aug. 27, 2025 | |||
Principal | [1],[2],[5] | $ 2,989,762 | |||
Cost | [1],[2],[5] | 2,938,020 | |||
Fair Value | [1],[2],[5] | $ 2,965,844 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.32% | |||
Investment, Identifier [Axis]: Debt Investments Insurance Integrity Marketing Acquisition, LLC Instrument First Lien Incremental Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 11.76% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.50% | |||
Total Coupon | [3],[4],[6] | 11.76% | |||
Maturity | [3],[4],[6] | Aug. 27, 2025 | |||
Principal | [3],[4],[6] | $ 2,974,814 | |||
Cost | [3],[4],[6] | 2,932,954 | |||
Fair Value | [3],[4],[6] | $ 2,962,915 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.12% | |||
Investment, Identifier [Axis]: Debt Investments Insurance NFP Corp. Instrument First Lien Term Loan Ref LIBOR(M) Spread 3.25% Total Coupon 7.63% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.63% | |||
Maturity | [1],[2] | Feb. 13, 2027 | |||
Principal | [1],[2] | $ 993,237 | |||
Cost | [1],[2] | 951,272 | |||
Fair Value | [1],[2] | $ 952,445 | |||
% of Total Cash and Investment | [1],[2] | 0.42% | |||
Investment, Identifier [Axis]: Debt Investments Insurance NFP Corp. Instrument First Lien Term Loan Ref SOFR(M) Spread 3.25% Total Coupon 8.47% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.25% | |||
Total Coupon | [3],[4] | 8.47% | |||
Maturity | [3],[4] | Feb. 13, 2027 | |||
Principal | [3],[4] | $ 988,130 | |||
Cost | [3],[4] | 951,435 | |||
Fair Value | [3],[4] | $ 970,131 | |||
% of Total Cash and Investment | [3],[4] | 0.37% | |||
Investment, Identifier [Axis]: Debt Investments Insurance Sedgwick Claims Management Services, Inc. (Lightning Cayman Merger Sub, Ltd.) Instrument First Lien Term Loan Ref LIBOR(M) Spread 3.75% Total Coupon 8.13% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.13% | |||
Maturity | [1],[2] | Sep. 03, 2026 | |||
Principal | [1],[2] | $ 1,936,532 | |||
Cost | [1],[2] | 1,893,975 | |||
Fair Value | [1],[2] | $ 1,904,376 | |||
% of Total Cash and Investment | [1],[2] | 0.85% | |||
Investment, Identifier [Axis]: Debt Investments Insurance Sedgwick Claims Management Services, Inc. (Lightning Cayman Merger Sub, Ltd.) Instrument First Lien Term Loan Ref SOFR(M) Spread 3.75% Total Coupon 8.85% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.85% | |||
Maturity | [3],[4] | Feb. 24, 2028 | |||
Principal | [3],[4] | $ 1,931,691 | |||
Cost | [3],[4] | 1,893,861 | |||
Fair Value | [3],[4] | $ 1,923,095 | |||
% of Total Cash and Investment | [3],[4] | 0.73% | |||
Investment, Identifier [Axis]: Debt Investments Insurance USI, Inc. Instrument First Lien Incremental Term Loan Ref SOFR(Q) Spread 3.75% Total Coupon 8.33% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.33% | |||
Maturity | [1],[2] | Nov. 22, 2029 | |||
Principal | [1],[2] | $ 400,000 | |||
Cost | [1],[2] | 398,500 | |||
Fair Value | [1],[2] | $ 399,832 | |||
% of Total Cash and Investment | [1],[2] | 0.18% | |||
Investment, Identifier [Axis]: Debt Investments Insurance USI, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Spread 3.75% Total Coupon 8.33% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.33% | |||
Maturity | [1],[2] | May 16, 2024 | |||
Principal | [1],[2] | $ 2,128,881 | |||
Cost | [1],[2] | 2,098,052 | |||
Fair Value | [1],[2] | $ 2,127,987 | |||
% of Total Cash and Investment | [1],[2] | 0.94% | |||
Investment, Identifier [Axis]: Debt Investments Insurance USI, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Spread 3.75% Total Coupon 8.99% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.99% | |||
Maturity | [3],[4] | May 16, 2024 | |||
Principal | [3],[4] | $ 2,515,209 | |||
Cost | [3],[4] | 2,490,800 | |||
Fair Value | [3],[4] | $ 2,514,983 | |||
% of Total Cash and Investment | [3],[4] | 0.95% | |||
Investment, Identifier [Axis]: Debt Investments Internet & Catalog Retail | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 3,397,210 | [3],[4] | $ 3,394,233 | [1],[2] | |
Fair Value | $ 3,352,336 | [3],[4] | $ 3,317,182 | [1],[2] | |
% of Total Cash and Investment | 1.27% | [3],[4] | 1.47% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Internet & Catalog Retail CommerceHub, Inc. Instrument First Lien Term Loan Ref PRIME Floor 0.75% Spread 5.25% Total Coupon 12.25% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 5.25% | |||
Total Coupon | [1],[2],[5] | 12.25% | |||
Maturity | [1],[2],[5] | Dec. 29, 2027 | |||
Principal | [1],[2],[5] | $ 2,322,858 | |||
Cost | [1],[2],[5] | 2,164,287 | |||
Fair Value | [1],[2],[5] | $ 2,162,581 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.96% | |||
Investment, Identifier [Axis]: Debt Investments Internet & Catalog Retail CommerceHub, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 11.47% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.25% | |||
Total Coupon | [3],[4],[6] | 11.47% | |||
Maturity | [3],[4],[6] | Dec. 29, 2027 | |||
Principal | [3],[4],[6] | $ 2,311,244 | |||
Cost | [3],[4],[6] | 2,169,259 | |||
Fair Value | [3],[4],[6] | $ 2,165,636 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.82% | |||
Investment, Identifier [Axis]: Debt Investments Internet & Catalog Retail Syndigo, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 4.50% Total Coupon 8.84% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 4.50% | |||
Total Coupon | [1],[2],[5] | 8.84% | |||
Maturity | [1],[2],[5] | Dec. 15, 2027 | |||
Principal | [1],[2],[5] | $ 1,272,288 | |||
Cost | [1],[2],[5] | 1,229,946 | |||
Fair Value | [1],[2],[5] | $ 1,154,601 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.51% | |||
Investment, Identifier [Axis]: Debt Investments Internet & Catalog Retail Syndigo, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 4.50% Total Coupon 9.65% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 4.50% | |||
Total Coupon | [3],[4],[6] | 9.65% | |||
Maturity | [3],[4],[6] | Dec. 15, 2027 | |||
Principal | [3],[4],[6] | $ 1,265,813 | |||
Cost | [3],[4],[6] | 1,227,951 | |||
Fair Value | [3],[4],[6] | $ 1,186,700 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.45% | |||
Investment, Identifier [Axis]: Debt Investments Internet & Direct Marketing Retail | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 1,663,186 | [3],[4] | $ 1,665,889 | [1],[2] | |
Fair Value | $ 1,628,258 | [3],[4] | $ 1,564,264 | [1],[2] | |
% of Total Cash and Investment | 0.62% | [3],[4] | 0.69% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Internet & Direct Marketing Retail CNT Holdings I Corp. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 3.50% Total Coupon 7.24% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.24% | |||
Maturity | [1],[2] | Nov. 08, 2027 | |||
Principal | [1],[2] | $ 973,778 | |||
Cost | [1],[2] | 952,102 | |||
Fair Value | [1],[2] | $ 944,998 | |||
% of Total Cash and Investment | [1],[2] | 0.42% | |||
Investment, Identifier [Axis]: Debt Investments Internet & Direct Marketing Retail CNT Holdings I Corp. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 3.50% Total Coupon 8.46% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.46% | |||
Maturity | [3],[4] | Nov. 08, 2027 | |||
Principal | [3],[4] | $ 968,823 | |||
Cost | [3],[4] | 949,445 | |||
Fair Value | [3],[4] | $ 966,280 | |||
% of Total Cash and Investment | [3],[4] | 0.37% | |||
Investment, Identifier [Axis]: Debt Investments Internet & Direct Marketing Retail Pug, LLC Instrument First Lien Term Loan Ref LIBOR(M) Spread 3.50% Total Coupon 7.88% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.88% | |||
Maturity | [1],[2] | Feb. 13, 2027 | |||
Principal | [1],[2] | $ 743,863 | |||
Cost | [1],[2] | 713,787 | |||
Fair Value | [1],[2] | $ 619,266 | |||
% of Total Cash and Investment | [1],[2] | 0.27% | |||
Investment, Identifier [Axis]: Debt Investments Internet & Direct Marketing Retail Pug, LLC Instrument First Lien Term Loan Ref SOFR(M) Spread 3.50% Total Coupon 8.72% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.72% | |||
Maturity | [3],[4] | Feb. 13, 2027 | |||
Principal | [3],[4] | $ 740,029 | |||
Cost | [3],[4] | 713,741 | |||
Fair Value | [3],[4] | $ 661,978 | |||
% of Total Cash and Investment | [3],[4] | 0.25% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 15,003,361 | [3],[4] | $ 9,617,939 | [1],[2] | |
Fair Value | $ 14,371,864 | [3],[4] | $ 9,295,074 | [1],[2] | |
% of Total Cash and Investment | 5.44% | [3],[4] | 4.13% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Anaconda, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 11.86% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 7.50% | |||
Total Coupon | [1],[2],[5] | 11.86% | |||
Maturity | [1],[2],[5] | Aug. 22, 2027 | |||
Principal | [1],[2],[5] | $ 700,040 | |||
Cost | [1],[2],[5] | 693,547 | |||
Fair Value | [1],[2],[5] | $ 690,239 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.31% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Anaconda, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.73% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 7.50% | |||
Total Coupon | [3],[4],[6] | 12.73% | |||
Maturity | [3],[4],[6] | Aug. 22, 2027 | |||
Principal | [3],[4],[6] | $ 1,541,248 | |||
Cost | [3],[4],[6] | 1,527,176 | |||
Fair Value | [3],[4],[6] | $ 1,511,964 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.57% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Bynder Bidco B.V. (Netherlands) Instrument First Lien Revolver B Ref SOFR(S) Floor 1.00% Spread 7.25% Total Coupon 12.05% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[9],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[9],[10] | 7.25% | |||
Total Coupon | [3],[4],[6],[9],[10] | 12.05% | |||
Maturity | [3],[4],[6],[9],[10] | Jan. 26, 2029 | |||
Principal | [3],[4],[6],[9],[10] | $ 0 | |||
Cost | [3],[4],[6],[9],[10] | (1,313) | |||
Fair Value | [3],[4],[6],[9],[10] | $ (4,793) | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Bynder Bidco B.V. (Netherlands) Instrument First Lien Term Loan B Ref SOFR(S) Floor 1.00% Spread 7.25% Total Coupon 12.05% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[9] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[9] | 7.25% | |||
Total Coupon | [3],[4],[6],[9] | 12.05% | |||
Maturity | [3],[4],[6],[9] | Jan. 26, 2029 | |||
Principal | [3],[4],[6],[9] | $ 2,110,569 | |||
Cost | [3],[4],[6],[9] | 2,051,811 | |||
Fair Value | [3],[4],[6],[9] | $ 2,051,473 | |||
% of Total Cash and Investment | [3],[4],[6],[9] | 0.78% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Bynder Bidco, Inc. (Netherlands) Instrument First Lien Revolver A Ref SOFR(S) Floor 1.00% Spread 7.25% Total Coupon 12.05% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[9],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[9],[10] | 7.25% | |||
Total Coupon | [3],[4],[6],[9],[10] | 12.05% | |||
Maturity | [3],[4],[6],[9],[10] | Jan. 26, 2029 | |||
Principal | [3],[4],[6],[9],[10] | $ 0 | |||
Cost | [3],[4],[6],[9],[10] | (4,765) | |||
Fair Value | [3],[4],[6],[9],[10] | $ (1,320) | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Bynder Bidco, Inc. (Netherlands) Instrument First Lien Term Loan A Ref SOFR(S) Floor 1.00% Spread 7.25% Total Coupon 12.05% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[9] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[9] | 7.25% | |||
Total Coupon | [3],[4],[6],[9] | 12.05% | |||
Maturity | [3],[4],[6],[9] | Jan. 26, 2029 | |||
Principal | [3],[4],[6],[9] | $ 582,226 | |||
Cost | [3],[4],[6],[9] | 566,017 | |||
Fair Value | [3],[4],[6],[9] | $ 565,924 | |||
% of Total Cash and Investment | [3],[4],[6],[9] | 0.21% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Gympass US, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 4.00% Cash + 4.00% PIK Total Coupon 13.26% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Interest Rate, Paid in Kind | [3],[4],[6] | 4% | |||
Interest Rate, Cash | [3],[4],[6] | 4% | |||
Total Coupon | [3],[4],[6] | 13.26% | |||
Maturity | [3],[4],[6] | Jul. 08, 2027 | |||
Principal | [3],[4],[6] | $ 2,596,572 | |||
Cost | [3],[4],[6] | 2,576,511 | |||
Fair Value | [3],[4],[6] | $ 2,570,606 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.97% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Gympass US, LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.00% Cash + 4.00% PIK Total Coupon 12.77% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Interest Rate, Paid in Kind | [1],[2],[5] | 4% | |||
Interest Rate, Cash | [1],[2],[5] | 4% | |||
Total Coupon | [1],[2],[5] | 12.77% | |||
Maturity | [1],[2],[5] | Jul. 08, 2027 | |||
Principal | [1],[2],[5] | $ 2,544,480 | |||
Cost | [1],[2],[5] | 2,521,908 | |||
Fair Value | [1],[2],[5] | $ 2,501,224 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.11% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) Instrument First Lien Incremental Term Loan Ref Fixed Spread 12.00% Total Coupon 12.00% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | 12% | [3],[4] | 12% | [1],[2] | |
Total Coupon | 12% | [3],[4] | 12% | [1],[2] | |
Maturity | Jul. 27, 2028 | [3],[4] | Jul. 27, 2028 | [1],[2] | |
Principal | $ 843,624 | [3],[4] | $ 431,701 | [1],[2] | |
Cost | 771,237 | [3],[4] | 388,530 | [1],[2] | |
Fair Value | $ 693,881 | [3],[4] | $ 403,640 | [1],[2] | |
% of Total Cash and Investment | 0.26% | [3],[4] | 0.18% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 4.75% Total Coupon 10.03% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.75% | |||
Total Coupon | [3],[4] | 10.03% | |||
Maturity | [3],[4] | Jul. 27, 2028 | |||
Principal | [3],[4] | $ 2,474,874 | |||
Cost | [3],[4] | 2,396,669 | |||
Fair Value | [3],[4] | $ 1,871,623 | |||
% of Total Cash and Investment | [3],[4] | 0.71% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 4.75% Total Coupon 9.17% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.75% | |||
Total Coupon | [1],[2] | 9.17% | |||
Maturity | [1],[2] | Jul. 27, 2028 | |||
Principal | [1],[2] | $ 2,487,437 | |||
Cost | [1],[2] | 2,401,053 | |||
Fair Value | [1],[2] | $ 2,141,534 | |||
% of Total Cash and Investment | [1],[2] | 0.95% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.75% Total Coupon 7.97% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 7.97% | |||
Maturity | [1],[2] | Mar. 01, 2029 | |||
Principal | [1],[2] | $ 716,400 | |||
Cost | [1],[2] | 693,117 | |||
Fair Value | [1],[2] | $ 668,810 | |||
% of Total Cash and Investment | [1],[2] | 0.30% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.75% Total Coupon 9.01% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 9.01% | |||
Maturity | [3],[4] | Mar. 01, 2029 | |||
Principal | [3],[4] | $ 712,800 | |||
Cost | [3],[4] | 693,058 | |||
Fair Value | [3],[4] | $ 683,793 | |||
% of Total Cash and Investment | [3],[4] | 0.26% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Oranje Holdco, Inc. (KnowBe4) Instrument First Lien Revolver Ref SOFR (Q) Floor 1.00% Spread 7.75% Total Coupon 12.79% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 7.75% | |||
Total Coupon | [3],[4],[6],[10] | 12.79% | |||
Maturity | [3],[4],[6],[10] | Feb. 01, 2029 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (4,208) | |||
Fair Value | [3],[4],[6],[10] | $ (3,252) | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Oranje Holdco, Inc. (KnowBe4) Instrument First Lien Term Loan Ref SOFR (Q) Floor 1.00% Spread 7.75% Total Coupon 12.79% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 7.75% | |||
Total Coupon | [3],[4],[6] | 12.79% | |||
Maturity | [3],[4],[6] | Feb. 01, 2029 | |||
Principal | [3],[4],[6] | $ 1,445,490 | |||
Cost | [3],[4],[6] | 1,411,826 | |||
Fair Value | [3],[4],[6] | $ 1,419,471 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.54% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Spartan Bidco Pty Ltd (StarRez) (Australia) Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 0.75% Cash + 6.25% PIK Total Coupon 12.22% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[9] | 0.75% | |||
Investment, Interest Rate, Paid in Kind | [3],[4],[6],[9] | 6.25% | |||
Interest Rate, Cash | [3],[4],[6],[9] | 0.75% | |||
Total Coupon | [3],[4],[6],[9] | 12.22% | |||
Maturity | [3],[4],[6],[9] | Jan. 24, 2028 | |||
Principal | [3],[4],[6],[9] | $ 3,067,713 | |||
Cost | [3],[4],[6],[9] | 3,019,342 | |||
Fair Value | [3],[4],[6],[9] | $ 3,012,494 | |||
% of Total Cash and Investment | [3],[4],[6],[9] | 1.14% | |||
Investment, Identifier [Axis]: Debt Investments Internet Software & Services Spartan Bidco Pty Ltd (StarRez) (Australia) Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 0.75% Cash + 6.50% PIK Total Coupon 11.46% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[8] | 0.75% | |||
Investment, Interest Rate, Paid in Kind | [1],[2],[5],[8] | 6.50% | |||
Interest Rate, Cash | [1],[2],[5],[8] | 0.75% | |||
Total Coupon | [1],[2],[5],[8] | 11.46% | |||
Maturity | [1],[2],[5],[8] | Jan. 24, 2028 | |||
Principal | [1],[2],[5],[8] | $ 2,973,479 | |||
Cost | [1],[2],[5],[8] | 2,919,784 | |||
Fair Value | [1],[2],[5],[8] | $ 2,889,627 | |||
% of Total Cash and Investment | [1],[2],[5],[8] | 1.28% | |||
Investment, Identifier [Axis]: Debt Investments Leisure Products SRAM, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.50% Spread 2.75% Total Coupon 7.13% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 2.75% | |||
Total Coupon | [1],[2] | 7.13% | |||
Maturity | [1],[2] | May 18, 2028 | |||
Principal | [1],[2] | $ 638,560 | |||
Cost | [1],[2] | 620,459 | |||
Fair Value | [1],[2] | $ 623,394 | |||
% of Total Cash and Investment | [1],[2] | 0.28% | |||
Investment, Identifier [Axis]: Debt Investments Life Sciences Tools & Services | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 2,690,082 | [3],[4] | $ 3,620,200 | [1],[2] | |
Fair Value | $ 2,565,468 | [3],[4] | $ 3,397,896 | [1],[2] | |
% of Total Cash and Investment | 0.97% | [3],[4] | 1.51% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Life Sciences Tools & Services Alcami Corporation Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 7.00% Total Coupon 11.42% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 7% | |||
Total Coupon | [1],[2],[5],[7] | 11.42% | |||
Maturity | [1],[2],[5],[7] | Dec. 21, 2028 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (2,899) | |||
Fair Value | [1],[2],[5],[7] | $ (2,913) | |||
Investment, Identifier [Axis]: Debt Investments Life Sciences Tools & Services Alcami Corporation Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 7.00% Total Coupon 12.20% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 7% | |||
Total Coupon | [3],[4],[6],[10] | 12.20% | |||
Maturity | [3],[4],[6],[10] | Dec. 21, 2028 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (2,658) | |||
Fair Value | [3],[4],[6],[10] | $ (832) | |||
Investment, Identifier [Axis]: Debt Investments Life Sciences Tools & Services Alcami Corporation Instrument First Lien Revolver Ref SOFR(M) Floor 1.00% Spread 7.00% Total Coupon 11.42% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 7% | |||
Total Coupon | [1],[2],[5],[7] | 11.42% | |||
Maturity | [1],[2],[5],[7] | Dec. 21, 2028 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (4,638) | |||
Fair Value | [1],[2],[5],[7] | $ (4,661) | |||
Investment, Identifier [Axis]: Debt Investments Life Sciences Tools & Services Alcami Corporation Instrument First Lien Revolver Ref SOFR(M) Floor 1.00% Spread 7.00% Total Coupon 12.20% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 7% | |||
Total Coupon | [3],[4],[6],[10] | 12.20% | |||
Maturity | [3],[4],[6],[10] | Dec. 21, 2028 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (4,253) | |||
Fair Value | [3],[4],[6],[10] | $ (1,332) | |||
Investment, Identifier [Axis]: Debt Investments Life Sciences Tools & Services Alcami Corporation Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 7.00% Total Coupon 11.42% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 7% | |||
Total Coupon | [1],[2],[5] | 11.42% | |||
Maturity | [1],[2],[5] | Dec. 21, 2028 | |||
Principal | [1],[2],[5] | $ 998,822 | |||
Cost | [1],[2],[5] | 964,035 | |||
Fair Value | [1],[2],[5] | $ 963,863 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Life Sciences Tools & Services Alcami Corporation Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 7.00% Total Coupon 12.20% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 7% | |||
Total Coupon | [3],[4],[6] | 12.20% | |||
Maturity | [3],[4],[6] | Dec. 21, 2028 | |||
Principal | [3],[4],[6] | $ 993,827 | |||
Cost | [3],[4],[6] | 962,076 | |||
Fair Value | [3],[4],[6] | $ 983,889 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.37% | |||
Investment, Identifier [Axis]: Debt Investments Life Sciences Tools & Services Curia Global, Inc. Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 3.75% Total Coupon 8.16% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.16% | |||
Maturity | [1],[2] | Aug. 30, 2026 | |||
Principal | [1],[2] | $ 1,475,916 | |||
Cost | [1],[2] | 1,431,917 | |||
Fair Value | [1],[2] | $ 1,222,708 | |||
% of Total Cash and Investment | [1],[2] | 0.54% | |||
Investment, Identifier [Axis]: Debt Investments Life Sciences Tools & Services Curia Global, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 3.75% Total Coupon 8.90% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.90% | |||
Maturity | [3],[4] | Aug. 30, 2026 | |||
Principal | [3],[4] | $ 1,468,424 | |||
Cost | [3],[4] | 1,430,588 | |||
Fair Value | [3],[4] | $ 1,269,658 | |||
% of Total Cash and Investment | [3],[4] | 0.48% | |||
Investment, Identifier [Axis]: Debt Investments Life Sciences Tools & Services Parexel International, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.50% Spread 3.25% Total Coupon 7.63% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.63% | |||
Maturity | [1],[2] | Nov. 15, 2028 | |||
Principal | [1],[2] | $ 1,262,741 | |||
Cost | [1],[2] | 1,231,785 | |||
Fair Value | [1],[2] | $ 1,218,899 | |||
% of Total Cash and Investment | [1],[2] | 0.54% | |||
Investment, Identifier [Axis]: Debt Investments Life Sciences Tools & Services Parexel International, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.25% Total Coupon 8.47% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.25% | |||
Total Coupon | [3],[4] | 8.47% | |||
Maturity | [3],[4] | Nov. 15, 2028 | |||
Principal | [3],[4] | $ 316,140 | |||
Cost | [3],[4] | 304,329 | |||
Fair Value | [3],[4] | $ 314,085 | |||
% of Total Cash and Investment | [3],[4] | 0.12% | |||
Investment, Identifier [Axis]: Debt Investments Machinery | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 5,225,260 | [3],[4] | $ 4,733,640 | [1],[2] | |
Fair Value | $ 5,358,176 | [3],[4] | $ 4,673,719 | [1],[2] | |
% of Total Cash and Investment | 2.03% | [3],[4] | 2.08% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Machinery AI Aqua Merger Sub, Inc. (Osmosis Buyer) (United Kingdom) Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.75% Total Coupon 7.97% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[8] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[8] | 3.75% | |||
Total Coupon | [1],[2],[8] | 7.97% | |||
Maturity | [1],[2],[8] | Jul. 30, 2028 | |||
Principal | [1],[2],[8] | $ 1,428,023 | |||
Cost | [1],[2],[8] | 1,369,254 | |||
Fair Value | [1],[2],[8] | $ 1,348,588 | |||
% of Total Cash and Investment | [1],[2],[8] | 0.60% | |||
Investment, Identifier [Axis]: Debt Investments Machinery AI Aqua Merger Sub, Inc. (Osmosis Buyer) (United Kingdom) Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.75% Total Coupon 8.90% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[9] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[9] | 3.75% | |||
Total Coupon | [3],[4],[9] | 8.90% | |||
Maturity | [3],[4],[9] | Jul. 30, 2028 | |||
Principal | [3],[4],[9] | $ 1,420,847 | |||
Cost | [3],[4],[9] | 1,367,576 | |||
Fair Value | [3],[4],[9] | $ 1,396,694 | |||
% of Total Cash and Investment | [3],[4],[9] | 0.53% | |||
Investment, Identifier [Axis]: Debt Investments Machinery Indicor, LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.50% Total Coupon 9.74% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.50% | |||
Total Coupon | [3],[4] | 9.74% | |||
Maturity | [3],[4] | Nov. 22, 2029 | |||
Principal | [3],[4] | $ 498,750 | |||
Cost | [3],[4] | 495,667 | |||
Fair Value | [3],[4] | $ 497,386 | |||
% of Total Cash and Investment | [3],[4] | 0.19% | |||
Investment, Identifier [Axis]: Debt Investments Machinery Madison IAQ LLC Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.50% Spread 3.25% Total Coupon 7.99% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.99% | |||
Maturity | [1],[2] | Jun. 21, 2028 | |||
Principal | [1],[2] | $ 1,037,367 | |||
Cost | [1],[2] | 973,797 | |||
Fair Value | [1],[2] | $ 967,739 | |||
% of Total Cash and Investment | [1],[2] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Machinery Madison IAQ LLC Instrument First Lien Term Loan Ref LIBOR(S) Floor 0.50% Spread 3.25% Total Coupon 8.30% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.25% | |||
Total Coupon | [3],[4] | 8.30% | |||
Maturity | [3],[4] | Jun. 21, 2028 | |||
Principal | [3],[4] | $ 1,032,101 | |||
Cost | [3],[4] | 974,618 | |||
Fair Value | [3],[4] | $ 1,012,233 | |||
% of Total Cash and Investment | [3],[4] | 0.38% | |||
Investment, Identifier [Axis]: Debt Investments Machinery Service Logic Acquisition Inc. Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 4.00% Total Coupon 8.37% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.37% | |||
Maturity | [1],[2] | Oct. 29, 2027 | |||
Principal | [1],[2] | $ 2,481,465 | |||
Cost | [1],[2] | 2,390,589 | |||
Fair Value | [1],[2] | $ 2,357,392 | |||
% of Total Cash and Investment | [1],[2] | 1.05% | |||
Investment, Identifier [Axis]: Debt Investments Machinery Service Logic Acquisition Inc. Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 4.00% Total Coupon 9.27% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4% | |||
Total Coupon | [3],[4] | 9.27% | |||
Maturity | [3],[4] | Oct. 29, 2027 | |||
Principal | [3],[4] | $ 2,468,836 | |||
Cost | [3],[4] | 2,387,399 | |||
Fair Value | [3],[4] | $ 2,451,863 | |||
% of Total Cash and Investment | [3],[4] | 0.93% | |||
Investment, Identifier [Axis]: Debt Investments Media | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 9,438,250 | [3],[4] | $ 8,085,817 | [1],[2] | |
Fair Value | $ 9,072,108 | [3],[4] | $ 7,671,904 | [1],[2] | |
% of Total Cash and Investment | 3.43% | [3],[4] | 3.41% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Media NEP Group, Inc. Instrument First Lien Term Loan Ref LIBOR(Q) Spread 3.25% Total Coupon 7.98% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.98% | |||
Maturity | [1],[2] | Oct. 20, 2025 | |||
Principal | [1],[2] | $ 2,992,208 | |||
Cost | [1],[2] | 2,573,299 | |||
Fair Value | [1],[2] | $ 2,594,499 | |||
% of Total Cash and Investment | [1],[2] | 1.15% | |||
Investment, Identifier [Axis]: Debt Investments Media NEP Group, Inc. et al Instrument First Lien Term Loan Ref SOFR(M) Spread 3.75% Total Coupon 8.47% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.47% | |||
Maturity | [3],[4] | Oct. 20, 2025 | |||
Principal | [3],[4] | $ 4,366,903 | |||
Cost | [3],[4] | 3,904,449 | |||
Fair Value | [3],[4] | $ 3,946,872 | |||
% of Total Cash and Investment | [3],[4] | 1.49% | |||
Investment, Identifier [Axis]: Debt Investments Media Radiate Holdco, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.25% Total Coupon 7.63% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.63% | |||
Maturity | [1],[2] | Sep. 25, 2026 | |||
Principal | [1],[2] | $ 1,385,340 | |||
Cost | [1],[2] | 1,339,220 | |||
Fair Value | [1],[2] | $ 1,131,726 | |||
% of Total Cash and Investment | [1],[2] | 0.50% | |||
Investment, Identifier [Axis]: Debt Investments Media Radiate Holdco, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 3.25% Total Coupon 8.47% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.25% | |||
Total Coupon | [3],[4] | 8.47% | |||
Maturity | [3],[4] | Sep. 25, 2026 | |||
Principal | [3],[4] | $ 1,378,343 | |||
Cost | [3],[4] | 1,338,576 | |||
Fair Value | [3],[4] | $ 1,153,845 | |||
% of Total Cash and Investment | [3],[4] | 0.44% | |||
Investment, Identifier [Axis]: Debt Investments Media Streamland Media Midco LLC Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.11% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6.75% | |||
Total Coupon | [1],[2],[5],[7] | 11.11% | |||
Maturity | [1],[2],[5],[7] | Aug. 31, 2023 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (19,482) | |||
Fair Value | [1],[2],[5],[7] | $ (51,790) | |||
% of Total Cash and Investment | [1],[2],[5],[7] | (0.02%) | |||
Investment, Identifier [Axis]: Debt Investments Media Streamland Media Midco LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.11% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6.75% | |||
Total Coupon | [1],[2],[5] | 11.11% | |||
Maturity | [1],[2],[5] | Aug. 31, 2023 | |||
Principal | [1],[2],[5] | $ 3,556,309 | |||
Cost | [1],[2],[5] | 3,485,182 | |||
Fair Value | [1],[2],[5] | $ 3,392,719 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.51% | |||
Investment, Identifier [Axis]: Debt Investments Media Streamland Media Midco LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 12.06% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.75% | |||
Total Coupon | [3],[4],[6] | 12.06% | |||
Maturity | [3],[4],[6] | Aug. 31, 2023 | |||
Principal | [3],[4],[6] | $ 3,538,483 | |||
Cost | [3],[4],[6] | 3,489,178 | |||
Fair Value | [3],[4],[6] | $ 3,396,944 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.28% | |||
Investment, Identifier [Axis]: Debt Investments Media Zayo Group Holdings, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 4.25% Total Coupon 8.57% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.25% | |||
Total Coupon | [1],[2] | 8.57% | |||
Maturity | [1],[2] | Mar. 09, 2027 | |||
Principal | [1],[2] | $ 724,525 | |||
Cost | [1],[2] | 707,598 | |||
Fair Value | [1],[2] | $ 604,750 | |||
% of Total Cash and Investment | [1],[2] | 0.27% | |||
Investment, Identifier [Axis]: Debt Investments Media Zayo Group Holdings, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 4.25% Total Coupon 9.35% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.25% | |||
Total Coupon | [3],[4] | 9.35% | |||
Maturity | [3],[4] | Mar. 09, 2027 | |||
Principal | [3],[4] | $ 720,875 | |||
Cost | [3],[4] | 706,047 | |||
Fair Value | [3],[4] | $ 574,447 | |||
% of Total Cash and Investment | [3],[4] | 0.22% | |||
Investment, Identifier [Axis]: Debt Investments Paper & Forest Products 1 | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [4],[11] | $ 6,315,727 | |||
Fair Value | [4],[11] | $ 6,327,324 | |||
% of Total Cash and Investment | [4],[11] | 2.39% | |||
Investment, Identifier [Axis]: Debt Investments Paper & Forest Products Alpine Acquisition Corp II (48Forty) Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.00% Total Coupon 11.26% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6% | |||
Total Coupon | [3],[4],[6] | 11.26% | |||
Maturity | [3],[4],[6] | Nov. 30, 2026 | |||
Principal | [3],[4],[6] | $ 4,921,513 | |||
Cost | [3],[4],[6] | 4,763,110 | |||
Fair Value | [3],[4],[6] | $ 4,780,758 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.81% | |||
Investment, Identifier [Axis]: Debt Investments Paper & Forest Products Alpine Acquisition Corp II (48Forty) Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.26% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6% | |||
Total Coupon | [1],[2],[5] | 10.26% | |||
Maturity | [1],[2],[5] | Nov. 30, 2026 | |||
Principal | [1],[2],[5] | $ 4,946,306 | |||
Cost | [1],[2],[5] | 4,763,739 | |||
Fair Value | [1],[2],[5] | $ 4,715,808 | |||
% of Total Cash and Investment | [1],[2],[5] | 2.09% | |||
Investment, Identifier [Axis]: Debt Investments Paper & Forest Products FSK Pallet Holding Corp. (Kamps) Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.25% Spread 6.00% Total Coupon 11.04% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[11] | 1.25% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[11] | 6% | |||
Total Coupon | [3],[4],[11] | 11.04% | |||
Maturity | [3],[4],[11] | Dec. 23, 2026 | |||
Principal | [3],[4],[11] | $ 1,594,727 | |||
Cost | [3],[4],[11] | 1,552,617 | |||
Fair Value | [3],[4],[11] | $ 1,546,566 | |||
% of Total Cash and Investment | [3],[4],[11] | 0.58% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 16,951,623 | [3],[4] | $ 14,615,183 | [1],[2] | |
Fair Value | $ 16,869,829 | [3],[4] | $ 14,343,672 | [1],[2] | |
% of Total Cash and Investment | 6.38% | [3],[4] | 6.37% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Professional Services Cast & Crew Payroll, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.75% Total Coupon 8.07% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.07% | |||
Maturity | [1],[2] | Dec. 30, 2028 | |||
Principal | [1],[2] | $ 1,163,172 | |||
Cost | [1],[2] | 1,137,018 | |||
Fair Value | [1],[2] | $ 1,149,505 | |||
% of Total Cash and Investment | [1],[2] | 0.51% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Cast & Crew Payroll, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.75% Total Coupon 8.97% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.97% | |||
Maturity | [3],[4] | Dec. 30, 2028 | |||
Principal | [3],[4] | $ 1,157,298 | |||
Cost | [3],[4] | 1,133,390 | |||
Fair Value | [3],[4] | $ 1,133,718 | |||
% of Total Cash and Investment | [3],[4] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Cherry Bekaert Advisory LLC Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 10.38% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 5.25% | |||
Total Coupon | [3],[4],[6] | 10.38% | |||
Maturity | [3],[4],[6] | Jun. 30, 2028 | |||
Principal | [3],[4],[6] | $ 393,396 | |||
Cost | [3],[4],[6] | 382,675 | |||
Fair Value | [3],[4],[6] | $ 378,312 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.14% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Cherry Bekaert Advisory LLC Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 5.50% Total Coupon 9.79% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 5.50% | |||
Total Coupon | [1],[2],[5] | 9.79% | |||
Maturity | [1],[2],[5] | Jun. 30, 2028 | |||
Principal | [1],[2],[5] | $ 395,373 | |||
Cost | [1],[2],[5] | 383,557 | |||
Fair Value | [1],[2],[5] | $ 369,879 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.16% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Cherry Bekaert Advisory LLC Instrument First Lien Revolver Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 10.35% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 5.25% | |||
Total Coupon | [3],[4],[6] | 10.35% | |||
Maturity | [3],[4],[6] | Jun. 30, 2028 | |||
Principal | [3],[4],[6] | $ 134,176 | |||
Cost | [3],[4],[6] | 126,725 | |||
Fair Value | [3],[4],[6] | $ 126,617 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.05% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Cherry Bekaert Advisory LLC Instrument First Lien Revolver Ref SOFR(M) Floor 0.75% Spread 5.50% Total Coupon 9.82% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 5.50% | |||
Total Coupon | [1],[2],[5] | 9.82% | |||
Maturity | [1],[2],[5] | Jun. 30, 2028 | |||
Principal | [1],[2],[5] | $ 134,176 | |||
Cost | [1],[2],[5] | 125,982 | |||
Fair Value | [1],[2],[5] | $ 121,429 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.05% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Cherry Bekaert Advisory LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 10.35% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 5.25% | |||
Total Coupon | [3],[4],[6] | 10.35% | |||
Maturity | [3],[4],[6] | Jun. 30, 2028 | |||
Principal | [3],[4],[6] | $ 2,169,630 | |||
Cost | [3],[4],[6] | 2,133,483 | |||
Fair Value | [3],[4],[6] | $ 2,132,963 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.81% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Cherry Bekaert Advisory LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.50% Total Coupon 9.82% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 5.50% | |||
Total Coupon | [1],[2],[5] | 9.82% | |||
Maturity | [1],[2],[5] | Jun. 30, 2028 | |||
Principal | [1],[2],[5] | $ 2,180,588 | |||
Cost | [1],[2],[5] | 2,140,597 | |||
Fair Value | [1],[2],[5] | $ 2,118,441 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.94% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services DTI Holdco, Inc. (Epiq) Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 8.84% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.75% | |||
Total Coupon | [1],[2] | 8.84% | |||
Maturity | [1],[2] | Apr. 26, 2029 | |||
Principal | [1],[2] | $ 2,493,750 | |||
Cost | [1],[2] | 2,377,151 | |||
Fair Value | [1],[2] | $ 2,303,602 | |||
% of Total Cash and Investment | [1],[2] | 1.02% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services DTI Holdco, Inc. (Epiq) Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 9.80% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.75% | |||
Total Coupon | [3],[4] | 9.80% | |||
Maturity | [3],[4] | Apr. 26, 2029 | |||
Principal | [3],[4] | $ 2,481,250 | |||
Cost | [3],[4] | 2,374,509 | |||
Fair Value | [3],[4] | $ 2,316,086 | |||
% of Total Cash and Investment | [3],[4] | 0.88% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Deerfield Dakota Holding, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 3.75% Total Coupon 8.07% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.07% | |||
Maturity | [1],[2] | Apr. 09, 2027 | |||
Principal | [1],[2] | $ 1,936,685 | |||
Cost | [1],[2] | 1,880,747 | |||
Fair Value | [1],[2] | $ 1,813,531 | |||
% of Total Cash and Investment | [1],[2] | 0.81% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Deerfield Dakota Holding, LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.75% Total Coupon 8.99% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.99% | |||
Maturity | [3],[4] | Apr. 09, 2027 | |||
Principal | [3],[4] | $ 1,926,753 | |||
Cost | [3],[4] | 1,877,566 | |||
Fair Value | [3],[4] | $ 1,874,798 | |||
% of Total Cash and Investment | [3],[4] | 0.71% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Element Materials Technology Group US Holdings Inc. Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.25% Total Coupon 8.93% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.25% | |||
Total Coupon | [1],[2] | 8.93% | |||
Maturity | [1],[2] | Jun. 22, 2029 | |||
Principal | [1],[2] | $ 225,772 | |||
Cost | [1],[2] | 223,136 | |||
Fair Value | [1],[2] | $ 221,163 | |||
% of Total Cash and Investment | [1],[2] | 0.10% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Element Materials Technology Group US Holdings Inc. Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.25% Total Coupon 9.59% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.25% | |||
Total Coupon | [3],[4] | 9.59% | |||
Maturity | [3],[4] | Jun. 22, 2029 | |||
Principal | [3],[4] | $ 224,643 | |||
Cost | [3],[4] | 222,152 | |||
Fair Value | [3],[4] | $ 220,713 | |||
% of Total Cash and Investment | [3],[4] | 0.08% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Element Materials Technology Group US Holdings Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.25% Total Coupon 8.93% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.25% | |||
Total Coupon | [1],[2] | 8.93% | |||
Maturity | [1],[2] | Jun. 22, 2029 | |||
Principal | [1],[2] | $ 464,595 | |||
Cost | [1],[2] | 459,181 | |||
Fair Value | [1],[2] | $ 455,110 | |||
% of Total Cash and Investment | [1],[2] | 0.20% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Element Materials Technology Group US Holdings Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.25% Total Coupon 9.59% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.25% | |||
Total Coupon | [3],[4] | 9.59% | |||
Maturity | [3],[4] | Jun. 22, 2029 | |||
Principal | [3],[4] | $ 472,549 | |||
Cost | [3],[4] | 467,286 | |||
Fair Value | [3],[4] | $ 464,280 | |||
% of Total Cash and Investment | [3],[4] | 0.18% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Monotype Imaging Holdings, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 10.34% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 5% | |||
Total Coupon | [3],[4],[6] | 10.34% | |||
Maturity | [3],[4],[6] | Oct. 09, 2026 | |||
Principal | [3],[4],[6] | $ 2,468,593 | |||
Cost | [3],[4],[6] | 2,408,486 | |||
Fair Value | [3],[4],[6] | $ 2,462,422 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.93% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Monotype Imaging Holdings, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.68% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 5% | |||
Total Coupon | [1],[2],[5] | 9.68% | |||
Maturity | [1],[2],[5] | Oct. 09, 2026 | |||
Principal | [1],[2],[5] | $ 2,481,156 | |||
Cost | [1],[2],[5] | 2,411,515 | |||
Fair Value | [1],[2],[5] | $ 2,443,939 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.09% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Vensure Employer Services, Inc. Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 8.77% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 4.75% | |||
Total Coupon | [1],[2],[5],[7] | 8.77% | |||
Maturity | [1],[2],[5],[7] | Mar. 26, 2027 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (2,782) | |||
Fair Value | [1],[2],[5],[7] | $ (69,761) | |||
% of Total Cash and Investment | [1],[2],[5],[7] | (0.03%) | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Vensure Employer Services, Inc. Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 9.87% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 4.75% | |||
Total Coupon | [3],[4],[6],[10] | 9.87% | |||
Maturity | [3],[4],[6],[10] | Mar. 26, 2027 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (4,179) | |||
Fair Value | [3],[4],[11] | $ (4,433) | |||
% of Total Cash and Investment | [3],[4],[11] | 0% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Vensure Employer Services, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 8.77% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 4.75% | |||
Total Coupon | [1],[2],[5] | 8.77% | |||
Maturity | [1],[2],[5] | Mar. 26, 2027 | |||
Principal | [1],[2],[5] | $ 2,346,506 | |||
Cost | [1],[2],[5] | 2,346,506 | |||
Fair Value | [1],[2],[5] | $ 2,284,558 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.02% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services Vensure Employer Services, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 9.87% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 4.75% | |||
Total Coupon | [3],[4],[6] | 9.87% | |||
Maturity | [3],[4],[6] | Mar. 26, 2027 | |||
Principal | [3],[4],[6] | $ 4,695,227 | |||
Cost | [3],[4],[6] | 4,695,227 | |||
Fair Value | [3],[4],[6] | $ 4,619,634 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.74% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services iCIMS, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.25% Total Coupon 11.52% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 7.25% | |||
Total Coupon | [1],[2],[5] | 11.52% | |||
Maturity | [1],[2],[5] | Aug. 18, 2028 | |||
Principal | [1],[2],[5] | $ 1,152,092 | |||
Cost | [1],[2],[5] | 1,132,575 | |||
Fair Value | [1],[2],[5] | $ 1,132,276 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.50% | |||
Investment, Identifier [Axis]: Debt Investments Professional Services iCIMS, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.25% Total Coupon 12.38% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 7.25% | |||
Total Coupon | [3],[4],[6] | 12.38% | |||
Maturity | [3],[4],[6] | Aug. 18, 2028 | |||
Principal | [3],[4],[6] | $ 1,152,092 | |||
Cost | [3],[4],[6] | 1,134,303 | |||
Fair Value | [3],[4],[6] | $ 1,144,719 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Real Estate Management & Development Forest City Enterprises, L.P. Instrument First Lien Term Loan Ref LIBOR(M) Spread 3.50% Total Coupon 7.88% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.88% | |||
Maturity | [1],[2] | Dec. 08, 2025 | |||
Principal | [1],[2] | $ 902,764 | |||
Cost | [1],[2] | 885,737 | |||
Fair Value | [1],[2] | $ 871,027 | |||
% of Total Cash and Investment | [1],[2] | 0.39% | |||
Investment, Identifier [Axis]: Debt Investments Real Estate Management & Development Forest City Enterprises, L.P. Instrument First Lien Term Loan Ref SOFR(M) Spread 3.50% Total Coupon 8.72% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.72% | |||
Maturity | [3],[4] | Dec. 08, 2025 | |||
Principal | [3],[4] | $ 902,764 | |||
Cost | [3],[4] | 888,625 | |||
Fair Value | [3],[4] | $ 717,697 | |||
% of Total Cash and Investment | [3],[4] | 0.27% | |||
Investment, Identifier [Axis]: Debt Investments Software | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 48,261,765 | [3],[4] | $ 35,126,241 | [1],[2] | |
Fair Value | $ 48,671,553 | [3],[4] | $ 34,782,379 | [1],[2] | |
% of Total Cash and Investment | 18.41% | [3],[4] | 15.45% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Software Applied Systems, Inc. Instrument First Lien Incremental Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.50% Total Coupon 9.74% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.50% | |||
Total Coupon | [3],[4] | 9.74% | |||
Maturity | [3],[4] | Sep. 18, 2026 | |||
Principal | [3],[4] | $ 512,715 | |||
Cost | [3],[4] | 511,180 | |||
Fair Value | [3],[4] | $ 514,038 | |||
% of Total Cash and Investment | [3],[4] | 0.19% | |||
Investment, Identifier [Axis]: Debt Investments Software Applied Systems, Inc. Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.50% Spread 3.00% Total Coupon 7.73% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3% | |||
Total Coupon | [1],[2] | 7.73% | |||
Maturity | [1],[2] | Sep. 19, 2024 | |||
Principal | [1],[2] | $ 1,786,914 | |||
Cost | [1],[2] | 1,752,573 | |||
Fair Value | [1],[2] | $ 1,783,510 | |||
% of Total Cash and Investment | [1],[2] | 0.79% | |||
Investment, Identifier [Axis]: Debt Investments Software Barracuda Parent, LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.50% Total Coupon 8.59% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.50% | |||
Total Coupon | [1],[2] | 8.59% | |||
Maturity | [1],[2] | Aug. 15, 2029 | |||
Principal | [1],[2] | $ 580,000 | |||
Cost | [1],[2] | 564,475 | |||
Fair Value | [1],[2] | $ 560,344 | |||
% of Total Cash and Investment | [1],[2] | 0.25% | |||
Investment, Identifier [Axis]: Debt Investments Software Barracuda Parent, LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.50% Total Coupon 9.55% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.50% | |||
Total Coupon | [3],[4] | 9.55% | |||
Maturity | [3],[4] | Aug. 15, 2029 | |||
Principal | [3],[4] | $ 577,100 | |||
Cost | [3],[4] | 563,374 | |||
Fair Value | [3],[4] | $ 558,416 | |||
% of Total Cash and Investment | [3],[4] | 0.21% | |||
Investment, Identifier [Axis]: Debt Investments Software Boxer Parent Company, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Spread 3.75% Total Coupon 8.13% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.13% | |||
Maturity | [1],[2] | Oct. 02, 2025 | |||
Principal | [1],[2] | $ 1,314,202 | |||
Cost | [1],[2] | 1,273,137 | |||
Fair Value | [1],[2] | $ 1,261,338 | |||
% of Total Cash and Investment | [1],[2] | 0.56% | |||
Investment, Identifier [Axis]: Debt Investments Software Boxer Parent Company, Inc. Instrument First Lien Term Loan Ref SOFR(M) Spread 3.75% Total Coupon 8.97% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.97% | |||
Maturity | [3],[4] | Oct. 02, 2025 | |||
Principal | [3],[4] | $ 1,306,507 | |||
Cost | [3],[4] | 1,273,046 | |||
Fair Value | [3],[4] | $ 1,297,649 | |||
% of Total Cash and Investment | [3],[4] | 0.49% | |||
Investment, Identifier [Axis]: Debt Investments Software Capstone Borrower, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Spread 3.75% Total Coupon 9.00% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [4],[11] | 0% | |||
Investment, Basis Spread, Variable Rate | [4],[11] | 3.75% | |||
Total Coupon | [4],[11] | 9% | |||
Maturity | [4],[11] | Jun. 17, 2030 | |||
Principal | [4],[11] | $ 5,000,000 | |||
Cost | [4],[11] | 4,925,235 | |||
Fair Value | [4],[11] | $ 4,909,375 | |||
% of Total Cash and Investment | [4],[11] | 1.86% | |||
Investment, Identifier [Axis]: Debt Investments Software Central Parent Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.25% Total Coupon 9.49% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.25% | |||
Total Coupon | [3],[4] | 9.49% | |||
Maturity | [3],[4] | Jul. 06, 2029 | |||
Principal | [3],[4] | $ 995,000 | |||
Cost | [3],[4] | 975,584 | |||
Fair Value | [3],[4] | $ 993,378 | |||
% of Total Cash and Investment | [3],[4] | 0.38% | |||
Investment, Identifier [Axis]: Debt Investments Software Central Parent Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.50% Total Coupon 9.08% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.50% | |||
Total Coupon | [1],[2] | 9.08% | |||
Maturity | [1],[2] | Jul. 06, 2029 | |||
Principal | [1],[2] | $ 1,000,000 | |||
Cost | [1],[2] | 978,881 | |||
Fair Value | [1],[2] | $ 992,670 | |||
% of Total Cash and Investment | [1],[2] | 0.44% | |||
Investment, Identifier [Axis]: Debt Investments Software Cloudera, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.50% Spread 3.75% Total Coupon 8.13% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.13% | |||
Maturity | [1],[2] | Oct. 08, 2028 | |||
Principal | [1],[2] | $ 745,858 | |||
Cost | [1],[2] | 710,582 | |||
Fair Value | [1],[2] | $ 705,653 | |||
% of Total Cash and Investment | [1],[2] | 0.31% | |||
Investment, Identifier [Axis]: Debt Investments Software Cloudera, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.75% Total Coupon 8.95% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 3.75% | |||
Total Coupon | [3],[4],[6] | 8.95% | |||
Maturity | [3],[4],[6] | Oct. 08, 2028 | |||
Principal | [3],[4],[6] | $ 163,565 | |||
Cost | [3],[4],[6] | 152,126 | |||
Fair Value | [3],[4],[6] | $ 160,039 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.06% | |||
Investment, Identifier [Axis]: Debt Investments Software Cornerstone OnDemand, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.50% Spread 3.75% Total Coupon 8.13% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.13% | |||
Maturity | [1],[2] | Oct. 15, 2028 | |||
Principal | [1],[2] | $ 744,415 | |||
Cost | [1],[2] | 704,582 | |||
Fair Value | [1],[2] | $ 668,112 | |||
% of Total Cash and Investment | [1],[2] | 0.30% | |||
Investment, Identifier [Axis]: Debt Investments Software Cornerstone OnDemand, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 3.75% Total Coupon 9.25% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 9.25% | |||
Maturity | [3],[4] | Oct. 15, 2028 | |||
Principal | [3],[4] | $ 740,665 | |||
Cost | [3],[4] | 704,465 | |||
Fair Value | [3],[4] | $ 692,063 | |||
% of Total Cash and Investment | [3],[4] | 0.26% | |||
Investment, Identifier [Axis]: Debt Investments Software Disco Parent, Inc. (Duck Creek Technologies) Instrument First Lien Revolver Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.76% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 7.50% | |||
Total Coupon | [3],[4],[6],[10] | 12.76% | |||
Maturity | [3],[4],[6],[10] | Mar. 30, 2029 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (5,571) | |||
Fair Value | [3],[4],[6],[10] | $ (3,724) | |||
% of Total Cash and Investment | [3],[4],[6],[10] | 0% | |||
Investment, Identifier [Axis]: Debt Investments Software Disco Parent, Inc. (Duck Creek Technologies) Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.76% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 7.50% | |||
Total Coupon | [3],[4],[6] | 12.76% | |||
Maturity | [3],[4],[6] | Mar. 30, 2029 | |||
Principal | [3],[4],[6] | $ 2,327,225 | |||
Cost | [3],[4],[6] | 2,271,513 | |||
Fair Value | [3],[4],[6] | $ 2,289,989 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.87% | |||
Investment, Identifier [Axis]: Debt Investments Software Epicor Software Corp. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.25% Total Coupon 7.63% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.63% | |||
Maturity | [1],[2] | Jul. 31, 2027 | |||
Principal | [1],[2] | $ 2,147,303 | |||
Cost | [1],[2] | 2,089,641 | |||
Fair Value | [1],[2] | $ 2,066,650 | |||
% of Total Cash and Investment | [1],[2] | 0.92% | |||
Investment, Identifier [Axis]: Debt Investments Software Epicor Software Corp. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 3.25% Total Coupon 8.47% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.25% | |||
Total Coupon | [3],[4] | 8.47% | |||
Maturity | [3],[4] | Jul. 31, 2027 | |||
Principal | [3],[4] | $ 2,136,319 | |||
Cost | [3],[4] | 2,087,177 | |||
Fair Value | [3],[4] | $ 2,112,691 | |||
% of Total Cash and Investment | [3],[4] | 0.80% | |||
Investment, Identifier [Axis]: Debt Investments Software Flexera Software, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.75% Total Coupon 8.14% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.14% | |||
Maturity | [1],[2] | Mar. 03, 2028 | |||
Principal | [1],[2] | $ 744,330 | |||
Cost | [1],[2] | 722,669 | |||
Fair Value | [1],[2] | $ 716,187 | |||
% of Total Cash and Investment | [1],[2] | 0.32% | |||
Investment, Identifier [Axis]: Debt Investments Software Flexera Software, LLC Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 3.75%Total Coupon 8.97% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.97% | |||
Maturity | [3],[4] | Mar. 03, 2028 | |||
Principal | [3],[4] | $ 737,462 | |||
Cost | [3],[4] | 718,665 | |||
Fair Value | [3],[4] | $ 728,011 | |||
% of Total Cash and Investment | [3],[4] | 0.28% | |||
Investment, Identifier [Axis]: Debt Investments Software Fusion Risk Management, Inc. Instrument First Lien Revolver Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 12.13% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 7% | |||
Total Coupon | [3],[4],[6],[10] | 12.13% | |||
Maturity | [3],[4],[6],[10] | May 22, 2029 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (13,957) | |||
Fair Value | [3],[4],[6],[10] | $ (8,694) | |||
% of Total Cash and Investment | [3],[4],[6],[10] | 0% | |||
Investment, Identifier [Axis]: Debt Investments Software Fusion Risk Management, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.25% Cash + 3.75% PIK Total Coupon 11.40% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Interest Rate, Paid in Kind | [1],[2],[5] | 3.75% | |||
Interest Rate, Cash | [1],[2],[5] | 3.25% | |||
Total Coupon | [1],[2],[5] | 11.40% | |||
Maturity | [1],[2],[5] | Aug. 30, 2028 | |||
Principal | [1],[2],[5] | $ 3,168,138 | |||
Cost | [1],[2],[5] | 3,098,041 | |||
Fair Value | [1],[2],[5] | $ 3,060,421 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.36% | |||
Investment, Identifier [Axis]: Debt Investments Software Fusion Risk Management, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.50% Cash + 4.00% PIK Total Coupon 12.63% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Interest Rate, Paid in Kind | [3],[4],[6] | 4% | |||
Interest Rate, Cash | [3],[4],[6] | 3.50% | |||
Total Coupon | [3],[4],[6] | 12.63% | |||
Maturity | [3],[4],[6] | May 22, 2029 | |||
Principal | [3],[4],[6] | $ 3,813,338 | |||
Cost | [3],[4],[6] | 3,738,654 | |||
Fair Value | [3],[4],[6] | $ 3,740,885 | |||
% of Total Cash and Investment | [3],[4],[6] | 1.41% | |||
Investment, Identifier [Axis]: Debt Investments Software Fusion Risk Management, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.50% Total Coupon 10.90% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6.50% | |||
Total Coupon | [1],[2],[5],[7] | 10.90% | |||
Maturity | [1],[2],[5],[7] | Aug. 30, 2028 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (6,665) | |||
Fair Value | [1],[2],[5],[7] | $ (10,669) | |||
Investment, Identifier [Axis]: Debt Investments Software GTY Technology Holdings Inc. Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 2.58% Cash + 4.30% PIK Total Coupon 11.40% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Interest Rate, Paid in Kind | [1],[2],[5] | 4.30% | |||
Interest Rate, Cash | [1],[2],[5] | 2.58% | |||
Total Coupon | [1],[2],[5] | 11.40% | |||
Maturity | [1],[2],[5] | Jul. 09, 2029 | |||
Principal | [1],[2],[5] | $ 1,147,092 | |||
Cost | [1],[2],[5] | 1,134,783 | |||
Fair Value | [1],[2],[5] | $ 1,110,385 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.49% | |||
Investment, Identifier [Axis]: Debt Investments Software GTY Technology Holdings Inc. Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 2.58% Cash + 4.30% PIK Total Coupon 12.10% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Interest Rate, Paid in Kind | [3],[4],[6] | 4.30% | |||
Interest Rate, Cash | [3],[4],[6] | 2.58% | |||
Total Coupon | [3],[4],[6] | 12.10% | |||
Maturity | [3],[4],[6] | Jul. 09, 2029 | |||
Principal | [3],[4],[6] | $ 1,172,262 | |||
Cost | [3],[4],[6] | 1,152,559 | |||
Fair Value | [3],[4],[6] | $ 1,164,408 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.44% | |||
Investment, Identifier [Axis]: Debt Investments Software GTY Technology Holdings Inc. Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.83% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6.25% | |||
Total Coupon | [1],[2],[5],[7] | 10.83% | |||
Maturity | [1],[2],[5],[7] | Jul. 09, 2029 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (4,941) | |||
Fair Value | [1],[2],[5],[7] | $ (8,460) | |||
Investment, Identifier [Axis]: Debt Investments Software GTY Technology Holdings Inc. Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 11.47% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 6.25% | |||
Total Coupon | [3],[4],[6] | 11.47% | |||
Maturity | [3],[4],[6] | Jul. 09, 2029 | |||
Principal | [3],[4],[6] | $ 0 | |||
Cost | [3],[4],[6] | (4,559) | |||
Fair Value | [3],[4],[6] | $ (1,771) | |||
% of Total Cash and Investment | [3],[4],[6] | 0% | |||
Investment, Identifier [Axis]: Debt Investments Software GTY Technology Holdings Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 2.58% Cash + 4.30% PIK Total Coupon 11.46% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Interest Rate, Paid in Kind | [1],[2],[5] | 4.30% | |||
Interest Rate, Cash | [1],[2],[5] | 2.58% | |||
Total Coupon | [1],[2],[5] | 11.46% | |||
Maturity | [1],[2],[5] | Jul. 09, 2029 | |||
Principal | [1],[2],[5] | $ 1,484,761 | |||
Cost | [1],[2],[5] | 1,457,604 | |||
Fair Value | [1],[2],[5] | $ 1,437,249 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.64% | |||
Investment, Identifier [Axis]: Debt Investments Software GTY Technology Holdings Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 2.58% Cash + 4.30% PIK Total Coupon 12.12% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Interest Rate, Paid in Kind | [3],[4],[6] | 4.30% | |||
Interest Rate, Cash | [3],[4],[6] | 2.58% | |||
Total Coupon | [3],[4],[6] | 12.12% | |||
Maturity | [3],[4],[6] | Jul. 09, 2029 | |||
Principal | [3],[4],[6] | $ 1,517,189 | |||
Cost | [3],[4],[6] | 1,492,113 | |||
Fair Value | [3],[4],[6] | $ 1,507,024 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.57% | |||
Investment, Identifier [Axis]: Debt Investments Software Greeneden U.S. Holdings II, LLC Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 4.00% Total Coupon 8.38% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.38% | |||
Maturity | [1],[2] | Dec. 01, 2027 | |||
Principal | [1],[2] | $ 2,737,495 | |||
Cost | [1],[2] | 2,682,329 | |||
Fair Value | [1],[2] | $ 2,634,278 | |||
% of Total Cash and Investment | [1],[2] | 1.17% | |||
Investment, Identifier [Axis]: Debt Investments Software Greeneden U.S. Holdings II, LLC. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 4.00% Total Coupon 9.19% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4% | |||
Total Coupon | [3],[4] | 9.19% | |||
Maturity | [3],[4] | Dec. 01, 2027 | |||
Principal | [3],[4] | $ 2,723,564 | |||
Cost | [3],[4] | 2,676,425 | |||
Fair Value | [3],[4] | $ 2,719,914 | |||
% of Total Cash and Investment | [3],[4] | 1.03% | |||
Investment, Identifier [Axis]: Debt Investments Software JOBVITE, Inc. (Employ, Inc.) Instrument First Lien Term Loan Ref SOFR(S) Floor 0.75% Spread 8.00% Total Coupon 10.93% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 8% | |||
Total Coupon | [1],[2],[5] | 10.93% | |||
Maturity | [1],[2],[5] | Aug. 05, 2028 | |||
Principal | [1],[2],[5] | $ 2,321,515 | |||
Cost | [1],[2],[5] | 2,266,822 | |||
Fair Value | [1],[2],[5] | $ 2,243,048 | |||
% of Total Cash and Investment | [1],[2],[5] | 1% | |||
Investment, Identifier [Axis]: Debt Investments Software JOBVITE, Inc. (Employ, Inc.) Instrument First Lien Term Loan Ref SOFR(S) Floor 0.75% Spread 8.00% Total Coupon 13.07% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 8% | |||
Total Coupon | [3],[4],[6] | 13.07% | |||
Maturity | [3],[4],[6] | Aug. 05, 2028 | |||
Principal | [3],[4],[6] | $ 2,321,515 | |||
Cost | [3],[4],[6] | 2,271,029 | |||
Fair Value | [3],[4],[6] | $ 2,266,959 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.86% | |||
Investment, Identifier [Axis]: Debt Investments Software Kong Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Cash + 3.25% PIK Total Coupon 12.99% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 1% | |||
Investment, Interest Rate, Paid in Kind | [1],[2],[5] | 3.25% | |||
Interest Rate, Cash | [1],[2],[5] | 5.50% | |||
Total Coupon | [1],[2],[5] | 12.99% | |||
Maturity | [1],[2],[5] | Nov. 01, 2027 | |||
Principal | [1],[2],[5] | $ 909,947 | |||
Cost | [1],[2],[5] | 892,141 | |||
Fair Value | [1],[2],[5] | $ 891,748 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.40% | |||
Investment, Identifier [Axis]: Debt Investments Software Kong Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Cash + 3.25% PIK Total Coupon 14.02% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 1% | |||
Investment, Interest Rate, Paid in Kind | [3],[4],[6] | 3.25% | |||
Interest Rate, Cash | [3],[4],[6] | 5.50% | |||
Total Coupon | [3],[4],[6] | 14.02% | |||
Maturity | [3],[4],[6] | Nov. 01, 2027 | |||
Principal | [3],[4],[6] | $ 924,834 | |||
Cost | [3],[4],[6] | 908,319 | |||
Fair Value | [3],[4],[6] | $ 915,863 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.35% | |||
Investment, Identifier [Axis]: Debt Investments Software MH Sub I, LLC (Micro Holding Corp.) Instrument First Lien 2023 Incremental Term Loan Ref SOFR(M) Floor 0.50% Spread 4.25% Total Coupon 9.35% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.25% | |||
Total Coupon | [3],[4] | 9.35% | |||
Maturity | [3],[4] | May 03, 2028 | |||
Principal | [3],[4] | $ 1,460,000 | |||
Cost | [3],[4] | 1,424,367 | |||
Fair Value | [3],[4] | $ 1,402,695 | |||
% of Total Cash and Investment | [3],[4] | 0.53% | |||
Investment, Identifier [Axis]: Debt Investments Software MH Sub I, LLC (Micro Holding Corp.) Instrument First Lien Term Loan Ref LIBOR(M) Floor 1.00% Spread 3.75% Total Coupon 8.13% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.13% | |||
Maturity | [1],[2] | Sep. 15, 2024 | |||
Principal | [1],[2] | $ 1,474,959 | |||
Cost | [1],[2] | 1,430,971 | |||
Fair Value | [1],[2] | $ 1,436,507 | |||
% of Total Cash and Investment | [1],[2] | 0.64% | |||
Investment, Identifier [Axis]: Debt Investments Software Maverick Bidco Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.25% Total Coupon 9.56% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 4.25% | |||
Total Coupon | [3],[4],[6] | 9.56% | |||
Maturity | [3],[4],[6] | May 18, 2028 | |||
Principal | [3],[4],[6] | $ 7,000,000 | |||
Cost | [3],[4],[6] | 6,689,007 | |||
Fair Value | [3],[4],[6] | $ 6,816,250 | |||
% of Total Cash and Investment | [3],[4],[6] | 2.58% | |||
Investment, Identifier [Axis]: Debt Investments Software Planview Parent, Inc. Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.75% Spread 4.00% Total Coupon 8.73% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.73% | |||
Maturity | [1],[2] | Dec. 17, 2027 | |||
Principal | [1],[2] | $ 834,183 | |||
Cost | [1],[2] | 806,876 | |||
Fair Value | [1],[2] | $ 779,064 | |||
% of Total Cash and Investment | [1],[2] | 0.35% | |||
Investment, Identifier [Axis]: Debt Investments Software Planview Parent, Inc. Instrument First Lien Term Loan Ref SOFR(Q) 0.75% Spread 4.00% Total Coupon 9.50% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [4],[11] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [4],[11] | 4% | |||
Total Coupon | [4],[11] | 9.50% | |||
Maturity | [4],[11] | Dec. 17, 2027 | |||
Principal | [4],[11] | $ 829,927 | |||
Cost | [4],[11] | 805,487 | |||
Fair Value | [4],[11] | $ 789,729 | |||
% of Total Cash and Investment | [4],[11] | 0.30% | |||
Investment, Identifier [Axis]: Debt Investments Software Project Alpha Intermediate Holding, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Spread 4.00% Total Coupon 8.39% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.39% | |||
Maturity | [1],[2] | Apr. 26, 2024 | |||
Principal | [1],[2] | $ 1,295,450 | |||
Cost | [1],[2] | 1,275,150 | |||
Fair Value | [1],[2] | $ 1,266,950 | |||
% of Total Cash and Investment | [1],[2] | 0.56% | |||
Investment, Identifier [Axis]: Debt Investments Software Project Alpha Intermediate Holding, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Spread 4.00% Total Coupon 9.20% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [4],[11] | 0% | |||
Investment, Basis Spread, Variable Rate | [4],[11] | 4% | |||
Total Coupon | [4],[11] | 9.20% | |||
Maturity | [4],[11] | Apr. 26, 2024 | |||
Principal | [4],[11] | $ 1,288,840 | |||
Cost | [4],[11] | 1,276,244 | |||
Fair Value | [4],[11] | $ 1,287,429 | |||
% of Total Cash and Investment | [4],[11] | 0.49% | |||
Investment, Identifier [Axis]: Debt Investments Software Proofpoint, Inc. Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.50% Spread 3.25% Total Coupon 7.98% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.25% | |||
Total Coupon | [1],[2] | 7.98% | |||
Maturity | [1],[2] | Aug. 31, 2028 | |||
Principal | [1],[2] | $ 1,634,985 | |||
Cost | [1],[2] | 1,582,725 | |||
Fair Value | [1],[2] | $ 1,576,166 | |||
% of Total Cash and Investment | [1],[2] | 0.70% | |||
Investment, Identifier [Axis]: Debt Investments Software Proofpoint, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.25% Total Coupon 8.47% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.25% | |||
Total Coupon | [3],[4] | 8.47% | |||
Maturity | [3],[4] | Aug. 31, 2028 | |||
Principal | [3],[4] | $ 1,626,727 | |||
Cost | [3],[4] | 1,579,263 | |||
Fair Value | [3],[4] | $ 1,594,868 | |||
% of Total Cash and Investment | [3],[4] | 0.60% | |||
Investment, Identifier [Axis]: Debt Investments Software RealPage, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.50% Spread 3.00% Total Coupon 7.38% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3% | |||
Total Coupon | [1],[2] | 7.38% | |||
Maturity | [1],[2] | Apr. 22, 2028 | |||
Principal | [1],[2] | $ 1,205,735 | |||
Cost | [1],[2] | 1,165,650 | |||
Fair Value | [1],[2] | $ 1,149,065 | |||
% of Total Cash and Investment | [1],[2] | 0.51% | |||
Investment, Identifier [Axis]: Debt Investments Software RealPage, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 3.00% Total Coupon 8.22% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3% | |||
Total Coupon | [3],[4] | 8.22% | |||
Maturity | [3],[4] | Apr. 22, 2028 | |||
Principal | [3],[4] | $ 1,199,630 | |||
Cost | [3],[4] | 1,163,471 | |||
Fair Value | [3],[4] | $ 1,175,188 | |||
% of Total Cash and Investment | [3],[4] | 0.44% | |||
Investment, Identifier [Axis]: Debt Investments Software Sophia, L.P. Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.50% Spread 3.50% Total Coupon 8.23% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 8.23% | |||
Maturity | [1],[2] | Oct. 07, 2027 | |||
Principal | [1],[2] | $ 1,963,800 | |||
Cost | [1],[2] | 1,903,011 | |||
Fair Value | [1],[2] | $ 1,899,986 | |||
% of Total Cash and Investment | [1],[2] | 0.84% | |||
Investment, Identifier [Axis]: Debt Investments Software Sophia, L.P. Instrument First Lien Term Loan Ref LIBOR(Q) Floor 0.50% Spread 3.50% Total Coupon 9.04% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 9.04% | |||
Maturity | [3],[4] | Oct. 07, 2027 | |||
Principal | [3],[4] | $ 1,953,857 | |||
Cost | [3],[4] | 1,901,277 | |||
Fair Value | [3],[4] | $ 1,935,950 | |||
% of Total Cash and Investment | [3],[4] | 0.73% | |||
Investment, Identifier [Axis]: Debt Investments Software Sovos Compliance, LLC (fka Taxware, LLC) Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.50% Spread 4.50% Total Coupon 8.88% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.50% | |||
Total Coupon | [1],[2] | 8.88% | |||
Maturity | [1],[2] | Aug. 11, 2028 | |||
Principal | [1],[2] | $ 748,112 | |||
Cost | [1],[2] | 730,480 | |||
Fair Value | [1],[2] | $ 691,068 | |||
% of Total Cash and Investment | [1],[2] | 0.31% | |||
Investment, Identifier [Axis]: Debt Investments Software Sovos Compliance, LLC (fka Taxware, LLC) Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 4.50% Total Coupon 9.72% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.50% | |||
Total Coupon | [3],[4] | 9.72% | |||
Maturity | [3],[4] | Aug. 11, 2028 | |||
Principal | [3],[4] | $ 438,886 | |||
Cost | [3],[4] | 429,457 | |||
Fair Value | [3],[4] | $ 424,583 | |||
% of Total Cash and Investment | [3],[4] | 0.16% | |||
Investment, Identifier [Axis]: Debt Investments Software TIBCO Software Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.50% Total Coupon 9.18% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.50% | |||
Total Coupon | [1],[2] | 9.18% | |||
Maturity | [1],[2] | Mar. 30, 2029 | |||
Principal | [1],[2] | $ 1,300,000 | |||
Cost | [1],[2] | 1,181,454 | |||
Fair Value | [1],[2] | $ 1,164,196 | |||
% of Total Cash and Investment | [1],[2] | 0.52% | |||
Investment, Identifier [Axis]: Debt Investments Software TIBCO Software Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 4.50% Total Coupon 9.84% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.50% | |||
Total Coupon | [3],[4] | 9.84% | |||
Maturity | [3],[4] | Mar. 30, 2029 | |||
Principal | [3],[4] | $ 1,296,750 | |||
Cost | [3],[4] | 1,187,945 | |||
Fair Value | [3],[4] | $ 1,215,975 | |||
% of Total Cash and Investment | [3],[4] | 0.46% | |||
Investment, Identifier [Axis]: Debt Investments Software Tessian Inc. (United Kingdom) Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 8.00% Total Coupon 13.26% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[9] | 1% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[9] | 8% | |||
Total Coupon | [3],[4],[6],[9] | 13.26% | |||
Maturity | [3],[4],[6],[9] | Mar. 15, 2028 | |||
Principal | [3],[4],[6],[9] | $ 1,051,665 | |||
Cost | [3],[4],[6],[9] | 1,031,875 | |||
Fair Value | [3],[4],[6],[9] | $ 1,031,683 | |||
% of Total Cash and Investment | [3],[4],[6],[9] | 0.39% | |||
Investment, Identifier [Axis]: Debt Investments Software UKG Inc. Instrument First Lien Term Loan Ref LIBOR(M) Spread 3.75% Total Coupon 8.13% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.13% | |||
Maturity | [1],[2] | May 03, 2026 | |||
Principal | [1],[2] | $ 2,411,095 | |||
Cost | [1],[2] | 2,348,435 | |||
Fair Value | [1],[2] | $ 2,329,287 | |||
% of Total Cash and Investment | [1],[2] | 1.03% | |||
Investment, Identifier [Axis]: Debt Investments Software UKG Inc. Instrument First Lien Term Loan Ref SOFR(Q) Spread 3.75% Total Coupon 8.90% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.90% | |||
Maturity | [3],[4] | May 03, 2026 | |||
Principal | [3],[4] | $ 2,009,645 | |||
Cost | [3],[4] | 1,964,779 | |||
Fair Value | [3],[4] | $ 1,985,539 | |||
% of Total Cash and Investment | [3],[4] | 0.75% | |||
Investment, Identifier [Axis]: Debt Investments Software Zendesk, Inc. Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 3.50% Cash + 3.50% PIK Total Coupon 12.55% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 0.75% | |||
Investment, Interest Rate, Paid in Kind | [3],[4],[6],[10] | 3.50% | |||
Interest Rate, Cash | [3],[4],[6],[10] | 3.50% | |||
Total Coupon | [3],[4],[6],[10] | 12.25% | |||
Maturity | [3],[4],[6],[10] | Nov. 22, 2028 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (5,493) | |||
Fair Value | [3],[4],[6],[10] | $ (1,833) | |||
Investment, Identifier [Axis]: Debt Investments Software Zendesk, Inc. Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 11.04% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6.50% | |||
Total Coupon | [1],[2],[5],[7] | 11.04% | |||
Maturity | [1],[2],[5],[7] | Nov. 22, 2028 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (6,001) | |||
Fair Value | [1],[2],[5],[7] | $ (12,219) | |||
% of Total Cash and Investment | [1],[2],[5],[7] | (0.01%) | |||
Investment, Identifier [Axis]: Debt Investments Software Zendesk, Inc. Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 11.04% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5],[7] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5],[7] | 6.50% | |||
Total Coupon | [1],[2],[5],[7] | 11.04% | |||
Maturity | [1],[2],[5],[7] | Nov. 22, 2028 | |||
Principal | [1],[2],[5],[7] | $ 0 | |||
Cost | [1],[2],[5],[7] | (4,939) | |||
Fair Value | [1],[2],[5],[7] | $ (5,031) | |||
Investment, Identifier [Axis]: Debt Investments Software Zendesk, Inc. Instrument First Lien Revolver Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 11.75% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6],[10] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6],[10] | 6.50% | |||
Total Coupon | [3],[4],[6],[10] | 11.75% | |||
Maturity | [3],[4],[6],[10] | Nov. 22, 2028 | |||
Principal | [3],[4],[6],[10] | $ 0 | |||
Cost | [3],[4],[6],[10] | (4,520) | |||
Fair Value | [3],[4],[6],[10] | $ (755) | |||
Investment, Identifier [Axis]: Debt Investments Software Zendesk, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 3.50% Cash + 3.50% PIK Total Coupon 12.25% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Interest Rate, Paid in Kind | [3],[4],[6] | 3.50% | |||
Interest Rate, Cash | [3],[4],[6] | 3.50% | |||
Total Coupon | [3],[4],[6] | 12.25% | |||
Maturity | [3],[4],[6] | Nov. 22, 2028 | |||
Principal | [3],[4],[6],[10] | $ 2,465,134 | |||
Cost | [3],[4],[6] | 2,421,229 | |||
Fair Value | [3],[4],[6] | $ 2,457,739 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.92% | |||
Investment, Identifier [Axis]: Debt Investments Software Zendesk, Inc. Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 11.04% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 6.50% | |||
Total Coupon | [1],[2],[5] | 11.04% | |||
Maturity | [1],[2],[5] | Nov. 22, 2028 | |||
Principal | [1],[2],[5] | $ 2,443,751 | |||
Cost | [1],[2],[5] | 2,395,775 | |||
Fair Value | [1],[2],[5] | $ 2,394,876 | |||
% of Total Cash and Investment | [1],[2],[5] | 1.05% | |||
Investment, Identifier [Axis]: Debt Investments Specialty Retail | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 5,935,647 | [3],[4] | $ 5,936,989 | [1],[2] | |
Fair Value | $ 5,970,515 | [3],[4] | $ 5,474,599 | [1],[2] | |
% of Total Cash and Investment | 2.26% | [3],[4] | 2.43% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Specialty Retail EG Group Limited (United Kingdom) Instrument First Lien Term Loan Ref LIBOR(Q) Spread 4.00% Total Coupon 8.73% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2],[8] | 4% | |||
Total Coupon | [1],[2],[8] | 8.73% | |||
Maturity | [1],[2],[8] | Feb. 07, 2025 | |||
Principal | [1],[2],[8] | $ 992,897 | |||
Cost | [1],[2],[8] | 962,930 | |||
Fair Value | [1],[2],[8] | $ 940,154 | |||
% of Total Cash and Investment | [1],[2],[8] | 0.42% | |||
Investment, Identifier [Axis]: Debt Investments Specialty Retail EG Group Limited (United Kingdom) Instrument First Lien Term Loan Ref SOFR(M) Spread 4.00% Total Coupon 9.16% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4],[9] | 4% | |||
Total Coupon | [3],[4],[9] | 9.16% | |||
Maturity | [3],[4],[9] | Feb. 07, 2025 | |||
Principal | [3],[4],[9] | $ 987,688 | |||
Cost | [3],[4],[9] | 964,926 | |||
Fair Value | [3],[4],[9] | $ 974,522 | |||
% of Total Cash and Investment | [3],[4],[9] | 0.37% | |||
Investment, Identifier [Axis]: Debt Investments Specialty Retail Fender Musical Instruments Corporation Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 4.00% Total Coupon 8.42% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2],[5] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2],[5] | 4% | |||
Total Coupon | [1],[2],[5] | 8.42% | |||
Maturity | [1],[2],[5] | Dec. 01, 2028 | |||
Principal | [1],[2],[5] | $ 2,488,226 | |||
Cost | [1],[2],[5] | 2,378,027 | |||
Fair Value | [1],[2],[5] | $ 2,015,463 | |||
% of Total Cash and Investment | [1],[2],[5] | 0.90% | |||
Investment, Identifier [Axis]: Debt Investments Specialty Retail Fender Musical Instruments Corporation Instrument First Lien Term Loan Ref SOFR(M) Floor 0.50% Spread 4.00% Total Coupon 9.19% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 4% | |||
Total Coupon | [3],[4],[6] | 9.19% | |||
Maturity | [3],[4],[6] | Dec. 01, 2028 | |||
Principal | [3],[4],[6] | $ 2,476,452 | |||
Cost | [3],[4],[6] | 2,376,103 | |||
Fair Value | [3],[4],[6] | $ 2,371,203 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.90% | |||
Investment, Identifier [Axis]: Debt Investments Specialty Retail MED ParentCo, LP Instrument First Lien Term Loan Ref LIBOR(M) Spread 4.25% Total Coupon 8.63% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.25% | |||
Total Coupon | [1],[2] | 8.63% | |||
Maturity | [1],[2] | Aug. 31, 2026 | |||
Principal | [1],[2] | $ 575,538 | |||
Cost | [1],[2] | 541,663 | |||
Fair Value | [1],[2] | $ 493,748 | |||
% of Total Cash and Investment | [1],[2] | 0.22% | |||
Investment, Identifier [Axis]: Debt Investments Specialty Retail MED ParentCo, LP Instrument First Lien Term Loan Ref SOFR(M) Spread 4.25% Total Coupon 9.47% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.25% | |||
Total Coupon | [3],[4] | 9.47% | |||
Maturity | [3],[4] | Aug. 31, 2026 | |||
Principal | [3],[4] | $ 572,564 | |||
Cost | [3],[4] | 543,528 | |||
Fair Value | [3],[4] | $ 533,100 | |||
% of Total Cash and Investment | [3],[4] | 0.20% | |||
Investment, Identifier [Axis]: Debt Investments Specialty Retail Mavis Tire Express Services Topco Corp. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 4.00% Total Coupon 8.50% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.50% | |||
Maturity | [1],[2] | May 04, 2028 | |||
Principal | [1],[2] | $ 1,013,282 | |||
Cost | [1],[2] | 972,690 | |||
Fair Value | [1],[2] | $ 969,311 | |||
% of Total Cash and Investment | [1],[2] | 0.43% | |||
Investment, Identifier [Axis]: Debt Investments Specialty Retail Mavis Tire Express Services Topco Corp. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 4.00% Total Coupon 9.22% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4% | |||
Total Coupon | [3],[4] | 9.22% | |||
Maturity | [3],[4] | May 04, 2028 | |||
Principal | [3],[4] | $ 1,008,138 | |||
Cost | [3],[4] | 971,512 | |||
Fair Value | [3],[4] | $ 1,000,895 | |||
% of Total Cash and Investment | [3],[4] | 0.38% | |||
Investment, Identifier [Axis]: Debt Investments Specialty Retail Woof Holdings, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.75% Spread 3.75% Total Coupon 8.10% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 8.10% | |||
Maturity | [1],[2] | Dec. 21, 2027 | |||
Principal | [1],[2] | $ 1,115,903 | |||
Cost | [1],[2] | 1,081,679 | |||
Fair Value | [1],[2] | $ 1,055,923 | |||
% of Total Cash and Investment | [1],[2] | 0.46% | |||
Investment, Identifier [Axis]: Debt Investments Specialty Retail Woof Holdings, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 3.75% Total Coupon 8.95% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4],[6] | 0.75% | |||
Investment, Basis Spread, Variable Rate | [3],[4],[6] | 3.75% | |||
Total Coupon | [3],[4],[6] | 8.95% | |||
Maturity | [3],[4],[6] | Dec. 21, 2027 | |||
Principal | [3],[4],[6] | $ 1,110,224 | |||
Cost | [3],[4],[6] | 1,079,578 | |||
Fair Value | [3],[4],[6] | $ 1,090,795 | |||
% of Total Cash and Investment | [3],[4],[6] | 0.41% | |||
Investment, Identifier [Axis]: Debt Investments Trading Companies & Distributors | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 1,873,004 | [3],[4] | $ 1,933,939 | [1],[2] | |
Fair Value | $ 1,895,060 | [3],[4] | $ 1,931,817 | [1],[2] | |
% of Total Cash and Investment | 0.72% | [3],[4] | 0.86% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Trading Companies & Distributors BCPE Empire Holdings, Inc. Instrument First Lien 2023 Extended Term Loan Ref SOFR(M) Floor 0.50% Spread 4.75% Total Coupon 9.83% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 4.75% | |||
Total Coupon | [3],[4] | 9.83% | |||
Maturity | [3],[4] | Dec. 11, 2028 | |||
Principal | [3],[4] | $ 678,982 | |||
Cost | [3],[4] | 672,289 | |||
Fair Value | [3],[4] | $ 678,242 | |||
% of Total Cash and Investment | [3],[4] | 0.26% | |||
Investment, Identifier [Axis]: Debt Investments Trading Companies & Distributors BCPE Empire Holdings, Inc. Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 4.63% Total Coupon 9.05% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 1% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 4.63% | |||
Total Coupon | [1],[2] | 9.05% | |||
Maturity | [1],[2] | Jun. 11, 2026 | |||
Principal | [1],[2] | $ 746,741 | |||
Cost | [1],[2] | 732,083 | |||
Fair Value | [1],[2] | $ 728,072 | |||
% of Total Cash and Investment | [1],[2] | 0.32% | |||
Investment, Identifier [Axis]: Debt Investments Trading Companies & Distributors SRS Distribution, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.50% Spread 3.50% Total Coupon 7.88% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.50% | |||
Total Coupon | [1],[2] | 7.88% | |||
Maturity | [1],[2] | Jun. 02, 2028 | |||
Principal | [1],[2] | $ 1,255,883 | |||
Cost | [1],[2] | 1,201,856 | |||
Fair Value | [1],[2] | $ 1,203,745 | |||
% of Total Cash and Investment | [1],[2] | 0.54% | |||
Investment, Identifier [Axis]: Debt Investments Trading Companies & Distributors SRS Distribution, Inc. Instrument First Lien Term Loan Ref LIBOR(M) Floor 0.50% Spread 3.50% Total Coupon 8.69% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.50% | |||
Total Coupon | [3],[4] | 8.69% | |||
Maturity | [3],[4] | Jun. 02, 2028 | |||
Principal | [3],[4] | $ 1,249,524 | |||
Cost | [3],[4] | 1,200,715 | |||
Fair Value | [3],[4] | $ 1,216,818 | |||
% of Total Cash and Investment | [3],[4] | 0.46% | |||
Investment, Identifier [Axis]: Debt Investments Transportation Infrastructure | |||||
Schedule Of Investments [Line Items] | |||||
Cost | $ 2,926,725 | [3],[4] | $ 2,849,296 | [1],[2] | |
Fair Value | $ 2,953,352 | [3],[4] | $ 2,865,984 | [1],[2] | |
% of Total Cash and Investment | 1.10% | [3],[4] | 1.27% | [1],[2] | |
Investment, Identifier [Axis]: Debt Investments Transportation Infrastructure Bleriot US Bidco Inc. Instrument First Lien Term Loan Ref LIBOR(Q) Spread 4.00% Total Coupon 8.73% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [1],[2] | 4% | |||
Total Coupon | [1],[2] | 8.73% | |||
Maturity | [1],[2] | Oct. 30, 2026 | |||
Principal | [1],[2] | $ 1,082,451 | |||
Cost | [1],[2] | 1,067,274 | |||
Fair Value | [1],[2] | $ 1,073,429 | |||
% of Total Cash and Investment | [1],[2] | 0.48% | |||
Investment, Identifier [Axis]: Debt Investments Transportation Infrastructure Bleriot US Bidco Inc. Instrument First Lien Term Loan Ref SOFR(Q) Spread 4.00% Total Coupon 9.50% | |||||
Schedule Of Investments [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 4% | |||
Total Coupon | [3],[4] | 9.50% | |||
Maturity | [3],[4] | Oct. 30, 2026 | |||
Principal | [3],[4] | $ 1,076,939 | |||
Cost | [3],[4] | 1,063,779 | |||
Fair Value | [3],[4] | $ 1,078,420 | |||
% of Total Cash and Investment | [3],[4] | 0.40% | |||
Investment, Identifier [Axis]: Debt Investments Transportation Infrastructure Brown Group Holding, LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 3.75% Total Coupon 7.91% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [1],[2] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [1],[2] | 3.75% | |||
Total Coupon | [1],[2] | 7.91% | |||
Maturity | [1],[2] | Jul. 01, 2029 | |||
Principal | [1],[2] | $ 1,795,500 | |||
Cost | [1],[2] | 1,782,022 | |||
Fair Value | [1],[2] | $ 1,792,555 | |||
% of Total Cash and Investment | [1],[2] | 0.79% | |||
Investment, Identifier [Axis]: Debt Investments Transportation Infrastructure Brown Group Holding, LLC Instrument First Lien Term Loan Ref SOFR(Q)(M) Floor 0.50% Spread 3.75% Total Coupon 8.80% | |||||
Schedule Of Investments [Line Items] | |||||
Interest Rate, Floor | [3],[4] | 0.50% | |||
Investment, Basis Spread, Variable Rate | [3],[4] | 3.75% | |||
Total Coupon | [3],[4] | 8.80% | |||
Maturity | [3],[4] | Jul. 01, 2029 | |||
Principal | [3],[4] | $ 1,876,274 | |||
Cost | [3],[4] | 1,862,946 | |||
Fair Value | [3],[4] | $ 1,874,932 | |||
% of Total Cash and Investment | [3],[4] | 0.70% | |||
Investment, Identifier [Axis]: Total Cash and Investments - 164.4% of Net Assets | |||||
Schedule Of Investments [Line Items] | |||||
Fair Value | [3],[4] | $ 264,403,662 | |||
% of Total Cash and Investment | [3],[4] | 100% | |||
Percentage of Net Assets | [3],[4] | 164.40% | |||
Investment, Identifier [Axis]: Total Cash and Investments - 191.3% of Net Assets | |||||
Schedule Of Investments [Line Items] | |||||
Fair Value | [1],[2] | $ 225,188,108 | |||
% of Total Cash and Investment | [1],[2] | 100% | |||
Percentage of Net Assets | [1],[2] | 191.30% | |||
Investment, Identifier [Axis]: Total Investments - 154.9% of Net Assets | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [3],[4] | $ 249,582,238 | |||
Fair Value | [3],[4] | $ 249,069,857 | |||
% of Total Cash and Investment | [3],[4] | 94.20% | |||
Percentage of Net Assets | [3],[4] | 154.90% | |||
Investment, Identifier [Axis]: Total Investments - 176.3% of Net Assets | |||||
Schedule Of Investments [Line Items] | |||||
Cost | [1],[2] | $ 210,903,951 | |||
Fair Value | [1],[2] | $ 207,554,379 | |||
% of Total Cash and Investment | [1],[2] | 92.17% | |||
Percentage of Net Assets | [1],[2] | 176.30% | |||
[1] As of December 31, 2022, the Fund generally uses GICS codes to identify the industry groupings. Debt investments include investments in bank debt that generally are bought and sold among institutional investors in transactions not subject to registration under the Securities Act. Such transactions are generally subject to contractual restrictions, such as approval of the agent or borrower. As of June 30, 2023, the Fund generally uses GICS codes to identify the industry groupings. Debt investments include investments in bank debt that generally are bought and sold among institutional investors in transactions not subject to registration under the Securities Act of 1933 (the ”Securities Act”). Such transactions are generally subject to contractual restrictions, such as approval of the agent or borrower. Investments are considered Level 3 in accordance with ASC Topic 820 (see Note 2). Investments are considered Level 3 in accordance with ASC Topic 820 (see Note 2). Negative balances represent unfunded commitments that were acquired and/or valued at a discount. Non-U.S. company or principal place of business outside the U.S. and as a result the investment is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Fund may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70 % of the Fund's total assets. Non-U.S. company or principal place of business outside the U.S. and as a result the investment is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940 (the “1940 Act”). Under the 1940 Act, the Fund may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70 % of the Fund's total assets. Negative balances represent unfunded commitments that were acquired and/or valued at a discount. 99.7 % of the fair value of total senior secured loans in the Fund’s portfolio bear interest at a floating rate that may be determined by reference to the London Interbank Offered Rate (“LIBOR”), “L”, or the Secured Overnight Financing Rate (“SOFR”), “S”, or other base rate (commonly the Federal Funds Rate or the Prime Rate), “P”. In addition, 86.6 % of the fair value of such senior secured loans have floors of 0.50 % to 1.25 %. The borrower under a senior secured loan generally has the option to select from interest reset periods of one, two, three or six months and may alter that selection at the end of any reset period. The stated interest rate represents the weighted average interest rate at June 30, 2023 of all contracts within the specified loan facility. LIBOR or SOFR reset monthly (M), quarterly (Q) or semiannually (S). |
Consolidated Schedules of Inv_2
Consolidated Schedules of Investments (Unaudited) (Parenthetical) - USD ($) | 6 Months Ended | 9 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2022 | |
Schedule Of Investments [Line Items] | |||
Percentage of not qualifying assets to total assets | 4.80% | 3.90% | 3.90% |
Acquisitions of investments | $ 68,403,064 | $ 217,471,316 | |
Dispositions of investments | $ 31,086,458 | $ 7,093,801 | |
Senior Secured Loans | |||
Schedule Of Investments [Line Items] | |||
Percentage of fair value of loans bear interest with floor rate | 86.60% | 83.60% | 83.60% |
Senior Secured Loans | Floating Rate | |||
Schedule Of Investments [Line Items] | |||
Percentage of fair value of loans bear interest at floor rate | 99.70% | 99.80% | 99.80% |
Minimum | |||
Schedule Of Investments [Line Items] | |||
Percentage of qualifying assets to total assets | 70% | 70% | |
Minimum | Senior Secured Loans | Floor Rate | |||
Schedule Of Investments [Line Items] | |||
Interest rate, floor | 0.50% | 0.50% | 0.50% |
Maximum | Senior Secured Loans | Floor Rate | |||
Schedule Of Investments [Line Items] | |||
Interest rate, floor | 1.25% | 1% | 1% |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Pay vs Performance Disclosure | ||||
Net Income (Loss) | $ 5,689,363 | $ (3,027,189) | $ 11,617,485 | $ (3,027,189) |
Insider Trading Arrangements
Insider Trading Arrangements | 6 Months Ended |
Jun. 30, 2023 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Organization and Basis of Prese
Organization and Basis of Presentation | 6 Months Ended |
Jun. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Basis of Presentation | 1. Organization and Basis of Presentation BlackRock Private Credit Fund (“BDEBT” or the “Fund”), is a Delaware statutory trust formed on December 23, 2021. The Fund is a non-diversified, closed-end management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). The Fund is externally managed by BlackRock Capital Investment Advisors, LLC (the “Investment Adviser”). BlackRock Advisors, LLC (the “Sub-Adviser” and, together with the Investment Adviser, the “Advisers”) serves as the Fund’s sub-adviser. The Advisers are subsidiaries of BlackRock, Inc. (together with its subsidiaries, including but not limited to the Advisers, “BlackRock”). BlackRock Financial Management, Inc. serves as the administrator of the Fund (the “Administrator”), and is affiliated with the Advisers. The Fund has elected to be treated for federal income tax purposes, and intends to qualify annually thereafter, as a regulated investment company (“RIC”) as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). As a RIC, the Fund will not be taxed on its income to the extent that it distributes such income each year and satisfies other applicable income tax requirements. The Fund’s investment objective is to target high risk-adjusted returns produced primarily from current income generated by investing primarily in directly originated, senior secured corporate debt instruments. The Fund intends to meet its investment strategy by focusing primarily on originating and making loans to, and making debt and equity investments in, U.S. middle market companies, although, the Fund may make investments in portfolio companies that are domiciled outside of the United States, including emerging markets. The Fund invests in senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity and equity-related securities which includes common and preferred stock, securities convertible into common stock, and warrants. BDEBT defines “middle market companies” to generally mean companies with earnings before interest expense, income tax expense, depreciation and amortization, or “EBITDA”, between $ 10 million and $ 250 million annually and/or annual revenue of $ 50 million to $ 2.5 billion at the time of investment. The Fund may on occasion invest in smaller or larger companies if an attractive opportunity presents itself. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies Basis of Presentation The consolidated financial statements of the Fund have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). The Fund is an investment company following accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies (“ASC Topic 946”). The Fund has consolidated the results of its wholly owned subsidiaries in its consolidated financial statements in accordance with ASC Topic 946. The following is a summary of the significant accounting policies of the Fund. Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, as well the reported amounts of revenues and expenses during the reporting periods presented. Although management believes these estimates and assumptions to be reasonable, actual results could differ from those estimates and such differences could be material. Investment Valuation The Securities and Exchange Commission (the "SEC") has adopted Rule 2a-5 (the "Rule") under the 1940 Act. The Rule establishes requirements for determining fair value in good faith for purposes of the 1940 Act. On July 28, 2022, pursuant to Rule 2a-5 under the 1940 Act, the Fund's Board of Trustees designated the Investment Adviser as the Fund's valuation designee (the "Valuation Designee") to perform certain fair value functions, including performing fair value determinations. As required by the Rule, the Valuation Designee will provide periodic fair valuation reporting and notifications on behalf of the Fund to the Board of Trustees to facilitate the Board of Trustees' oversight duties. The Valuation Designee values investments at fair value in accordance with GAAP, based upon the principles and methods of valuation set forth in the Valuation Designee's policies and procedures adopted for the Fund by the Valuation Designee and approved by the Board of Trustees. Fair value is generally defined as the amount for which an investment would be sold in an orderly transaction between market participants at the measurement date. 2. Summary of Significant Accounting Policies (Continued) All investments are valued at least monthly based on quotations or other affirmative pricing from independent third-party sources, with the exception of investments priced directly by the Valuation Designee which in the aggregate comprise less than 5 % of the capitalization of the Fund. Investments listed on a recognized exchange or market quotation system, whether U.S. or foreign, are valued using the closing price on the date of valuation. Investments not listed on a recognized exchange or market quotation system, but for which reliable market quotations are readily available are valued using prices provided by a nationally recognized pricing service or by using quotations from broker-dealers. Investments for which market quotations are either not readily available or are determined to be unreliable are priced at fair value using affirmative valuations performed by independent valuation services approved by the Valuation Designee or, for investments aggregating less than 5 % of the total assets of the Fund, using valuations determined directly by the Valuation Designee. Such valuations are determined under documented valuation policies and procedures reviewed and approved by a committee established by the Valuation Designee (the "Valuation Committee"). Generally, to increase objectivity in valuing the investments, the Valuation Designee will utilize external measures of value, such as public markets or third-party transactions, whenever possible. The Valuation Designee’s valuation is not based on long-term work-out value, immediate liquidation value, nor incremental value for potential changes that may take place in the future. The values assigned to investments are based on available information and do not necessarily represent amounts that might ultimately be realized, as these amounts depend on future circumstances and cannot reasonably be determined until the individual investments are actually liquidated. Such circumstances may include macroeconomic, geopolitical and other events, rising interest rates and risks related to inflation that may significantly impact the profitability or viability of businesses in which the Fund is invested, and therefore may significantly impact the return on and realizability of the Fund’s investments. The foregoing policies apply to all investments, including any in companies and groups of affiliated companies aggregating more than 5 % of the Fund’s assets. Fair valuations of investments in each asset class are determined using one or more methodologies including market quotations, the market approach, income approach, or, in the case of recent investments, the cost approach, as appropriate. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets. Such information may include observed multiples of earnings and/or revenues at which transactions in securities of comparable companies occur, with appropriate adjustments for differences in company size, operations or other factors affecting comparability. The income approach uses valuation techniques to convert future amounts (for example, cash flows or earnings) to a single present value amount (discounted). The measurement is based on the value indicated by current market expectations about those future amounts. The discount rates used for such analyses reflect market yields for comparable investments, considering such factors as relative credit quality, capital structure, and other factors. In following these approaches, the types of factors that may be taken into account also include, as relevant and among other factors: available current market data, including relevant and applicable market trading and transaction comparables, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the portfolio company’s ability to make payments, its earnings and cash flows, the markets in which the portfolio company does business, comparisons of financial ratios of peer companies that are public, merger and acquisition comparables, comparable costs of capital, the principal market in which the investment trades and enterprise values. Investments may be categorized based on the types of inputs used in valuing such investments. The level in the GAAP valuation hierarchy in which an investment falls is based on the lowest level input that is significant to the valuation of the investment in its entirety. Transfers between levels are recognized as of the beginning of the reporting period. 2. Summary of Significant Accounting Policies (Continued) At June 30, 2023, the Fund’s investments were categorized as follows: Level Basis for Determining Fair Value Bank Debt (1) Total 1 Quoted prices in active markets for identical assets $ — $ — 2 Other direct and indirect observable market inputs (2) 121,757,700 121,757,700 3 Valuation sources that employ significant unobservable inputs 127,312,157 127,312,157 Total $ 249,069,857 $ 249,069,857 ______________________ (1) Includes senior secured loans (2) For example, quoted prices in inactive markets or quotes for comparable investments Unobservable inputs used in the fair value measurement of Level 3 investments as of June 30, 2023 included the following: Asset Type Fair Value Valuation Technique Unobservable Input Weighted Average Range (1) (2) Bank Debt $ 96,907,466 Income approach Discount rate 11.4 % - 12.2 % ( 11.9 %) 30,404,691 Market quotations Indicative bid/ask quotes 1 ( 1 ) $ 127,312,157 ______________________ (1) Representing the weighted average of each significant unobservable input range at the investment level by fair value. (2) Representing the weighted average of each significant unobservable input for concluded value at the investment level by fair value. Certain fair value measurements may employ more than one valuation technique, with each valuation technique receiving a relative weight between 0 % and 100 %. Generally, a change in an unobservable input may result in a change to the value of an investment as follows: Input Impact to Value if Input Increases Impact to Value if Input Decreases Discount rate Decrease Increase Revenue multiples Increase Decrease EBITDA multiples Increase Decrease Book value multiples Increase Decrease Implied volatility Increase Decrease Term Increase Decrease Yield Increase Decrease 2. Summary of Significant Accounting Policies (Continued) Changes in investments categorized as Level 3 during the three months ended June 30, 2023 were as follows: Independent Third-Party Valuation Bank Debt Total Beginning balance $ 107,279,231 $ 107,279,231 Net realized and unrealized gains (losses) 826,650 826,650 Acquisitions (1) 23,633,028 23,633,028 Dispositions ( 3,402,375 ) ( 3,402,375 ) Transfers into Level 3 (2) 780,512 780,512 Transfers out Level 3 (3) ( 1,804,889 ) ( 1,804,889 ) Ending balance $ 127,312,157 $ 127,312,157 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses , above) $ 826,650 $ 826,650 ______________________ (1) Includes payments received in kind and accretion of original issue and market discounts. (2) Comprised of one investment that was transferred from Level 2 to Level 3 due to decreased observable market activity. (3) Comprised of three investments that were transferred from Level 3 to Level 2 due to increased observable market activity. Changes in investments categorized as Level 3 during the six months ended June 30, 2023 were as follows: Independent Third-Party Valuation Bank Debt Total Beginning balance $ 76,785,839 $ 76,785,839 Net realized and unrealized gains (losses) 1,315,431 1,315,431 Acquisitions (1) 50,767,725 50,767,725 Dispositions ( 3,746,000 ) ( 3,746,000 ) Transfers into Level 3 (2) 4,260,887 4,260,887 Transfers out Level 3 (3) ( 2,071,725 ) ( 2,071,725 ) Ending balance $ 127,312,157 $ 127,312,157 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses , above) $ 1,283,123 $ 1,283,123 ______________________ (1) Includes payments received in kind and accretion of original issue and market discounts. (2) Comprised of three investments that were transferred from Level 2 to Level 3 due to decreased observable market activity. (3) Comprised of one investment that was transferred from Level 3 to Level 2 due to increased observable market activity. 2. Summary of Significant Accounting Policies (Continued) At December 31, 2022, the Fund’s investments were categorized as follows: Level Basis for Determining Fair Value Bank Debt (1) Total 1 Quoted prices in active markets for identical assets $ — $ — 2 Other direct and indirect observable market inputs (2) 130,768,540 130,768,540 3 Valuation sources that employ significant unobservable inputs 76,785,839 76,785,839 Total $ 207,554,379 $ 207,554,379 ______________________ (1) Includes senior secured loans (2) For example, quoted prices in inactive markets or quotes for comparable investments Unobservable inputs used in the fair value measurement of Level 3 investments as of December 31, 2022 included the following: Asset Type Fair Value Valuation Technique Unobservable Input Weighted Average Range (1) (2) Bank Debt $ 65,553,615 Income approach Discount rate 11.3 % - 12.0 % ( 11.7 %) 11,232,224 Market quotations Indicative bid/ask quotes 1 ( 1 ) $ 76,785,839 ______________________ (1) Representing the weighted average of each significant unobservable input range at the investment level by fair value. (2) Representing the weighted average of each significant unobservable input for concluded value at the investment level by fair value. Changes in investments categorized as Level 3 during the three months ended June 30, 2022 and during the period March 18, 2022 (Inception) to June 30, 2022 were as follows: Independent Third-Party Valuation Bank Debt Total Beginning balance $ — $ — Net realized and unrealized gains (losses) ( 166,942 ) ( 166,942 ) Acquisitions (1) 11,878,448 11,878,448 Dispositions — — Ending balance $ 11,711,506 $ 11,711,506 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses , above) $ ( 166,942 ) $ ( 166,942 ) ______________________ (1) Includes accretion of original issue and market discounts. Investment Transactions Investment transactions are accounted for on the trade date, except for private transactions that have conditions to closing, which are recorded on the closing date. The cost of investments purchased is based upon the purchase price plus those professional fees which are specifically identifiable to the investment transaction. Realized gains and losses on investments are recorded based on the specific identification method, which typically allocates the highest cost inventory to the basis of investments sold. 2. Summary of Significant Accounting Policies (Continued) Cash and Cash Equivalents Cash consists of amounts held in accounts with the custodian bank. Cash equivalents consist of highly liquid investments with an original maturity of generally 60 days or less and may not be insured by the FDIC or may exceed federally insured limits. Cash equivalents are classified as Level 1 in the GAAP valuation hierarchy. At June 30, 2023, included in cash and cash equivalents was $ 13,096,020 ( 8.1 % of net assets) held in the JPMorgan U.S. Treasury Plus Money Market Fund with a 7-day yield of 4.94 %. At December 31, 2022, included in cash and cash equivalents was $ 11,024,422 ( 9.4 % of net assets) held in JP Morgan U.S. Treasury Plus Money Market Fund with a 7-day yield of 4.94 %. Restricted Investments The Fund may invest without limitation in instruments that are subject to legal or contractual restrictions on resale. These instruments generally may be resold to institutional investors in transactions exempt from registration or to the public if the securities are registered. Disposal of these investments may involve time-consuming negotiations and additional expense, and prompt sale at an acceptable price may be difficult. Restricted investments, including any restricted investments in affiliates, are valued in accordance with the investment valuation policies discussed above. The Fund did no t hold any restricted investments at June 30, 2023 and December 31, 2022. Foreign Currency Investments The Fund may invest in instruments traded in foreign countries and denominated in foreign currencies. Such positions are converted at the respective closing foreign exchange rates in effect at June 30, 2023 and reported in U.S. dollars. Purchases and sales of investments and income and expense items denominated in foreign currencies, when they occur, are translated into U.S. dollars based on the foreign exchange rates in effect on the respective dates of such transactions. The portion of gains and losses on foreign investments resulting from fluctuations in foreign currencies is included in net realized and unrealized gain or loss from investments. The Fund did no t hold any investments denominated in foreign currency at June 30, 2023. Investments in foreign companies and securities of foreign governments may involve special risks and considerations not typically associated with investing in U.S. companies and securities of the U.S. Government. These risks include, among other things, revaluation of currencies, less reliable information about issuers, different transaction clearance and settlement practices, and potential future adverse political and economic developments. Moreover, investments in foreign companies and securities of foreign governments and their markets may be less liquid and their prices more volatile than those of comparable U.S. companies and the U.S. Government. Organization and Offering Costs The Fund has entered into a Fee Waiver and Expense Support and Reimbursement Agreement (the “Expense Support Agreement”) with the Investment Adviser. Pursuant to the Expense Support Agreement, the Investment Adviser has paid all of the Fund’s organizational and offering expenses on the Fund’s behalf (each, an “Expense Payment”). During each of the 36 months following the commencement of the Fund’s operations, the Fund will reimburse the Investment Adviser for any and all Expense Payments incurred by the Investment Adviser under the Expense Support Agreement to the extent that the Fund’s annual Operating Expenses (as defined below) do not exceed 1.25 % of the value of the Fund’s net assets, calculated monthly based on month-end net assets. “Operating Expenses” for purposes of the Expense Support Agreement means all annual operating expenses of the Fund incurred in the ordinary course of business, excluding offering costs incurred by the Fund, interest expense and other financing costs, portfolio transaction and other investment-related costs, base management fee and incentive fee payable pursuant to the Advisory Agreement, shareholder servicing and/or distribution fees, taxes and any other extraordinary expenses not incurred in the ordinary course of business (including, without limitation, litigation expenses). From inception of the Fund through June 30, 2023, the Adviser had incurred $ 811,708 related to organizational and offering expenses. The Fund did not reimburse the Investment Adviser for any Expense Payments during the six months ended June 30, 2023 since the annual operating expenses exceeded 1.25 % of the value of the Fund’s net assets. Deferred Debt Issuance Costs Certain costs incurred in connection with the issuance of debt of the Fund were capitalized and are being amortized on a straight-line basis over the estimated life of the respective instruments. The impact of utilizing the straight-line amortization method versus the effective-interest method is not material to the operations of the Fund. 2. Summary of Significant Accounting Policies (Continued) Revenue Recognition Interest and dividend income, including income paid in kind, is recorded on an accrual basis, when such amounts are considered collectible. Origination, structuring, closing, commitment and other upfront fees, including original issue discounts, earned with respect to capital commitments are generally amortized or accreted into interest income over the life of the respective debt investment, as are end-of-term or exit fees receivable upon repayment of a debt investment. Other fees, including certain amendment fees, prepayment fees and commitment fees on broken deals, are recognized as earned. Prepayment fees and similar income due upon the early repayment of a loan or debt security are recognized when earned and are included in interest income. Certain debt investments are purchased at a discount to par as a result of the underlying credit risks and financial results of the issuer, as well as general market factors that influence the financial markets as a whole. Discounts on the acquisition of corporate bonds are generally amortized using the effective-interest or constant-yield method assuming there are no questions as to collectability. When principal payments on a loan are received in an amount in excess of the loan’s amortized cost, the excess principal payments are recorded as interest income. Income Taxes The Fund elected to be regulated as a BDC under the 1940 Act. The Fund also has elected to be treated as a RIC under the Code. So long as the Fund maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Fund would represent obligations of the Fund’s investors and would not be reflected in the consolidated financial statements of the Fund. The Fund 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. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. To qualify for and maintain qualification as a RIC, the Fund must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Fund must distribute to its shareholders, for each taxable year, at least 90% of the sum of (i) its “investment company taxable income” for that year (without regard to the deduction for dividends paid), which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses and (ii) its net tax-exempt income, if any. In addition, based on the excise tax distribution requirements, the Fund is subject to a 4 % nondeductible federal excise tax on undistributed income unless the Fund distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98 % of its ordinary income for the 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 prior years. For this purpose, however, any ordinary income or capital gain net income retained by the Fund that is subject to corporate income tax is considered to have been distributed. At December 31, 2022, gross unrealized appreciation and depreciation based on cost of investments for U.S. federal income tax purposes were as follows: December 31, 2022 Tax basis of investments $ 210,903,951 Unrealized appreciation 833,360 Unrealized depreciation ( 4,182,932 ) Net unrealized appreciation (depreciation) $ ( 3,349,572 ) 2. Summary of Significant Accounting Policies (Continued) Recent Accounting Pronouncements In March 2020 and January 2021, the FASB issued ASU No. 2020-04 and ASU No. 2021-01, respectively, “Reference Rate Reform (Topic 848),” which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. ASU 2020-04 is effective and can be adopted by all entities through December 31, 2022 . The expedients and exceptions provided by the amendments do not apply to contract modifications and hedging relationships entered into or evaluated after December 31, 2022, except for hedging transactions as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. 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 Fund is currently evaluating the impact of adopting ASU 2020-04 on its consolidated financial statements. |
N-2
N-2 - $ / shares | 6 Months Ended | |||
Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 18, 2022 | |
Cover [Abstract] | ||||
Entity Central Index Key | 0001902649 | |||
Amendment Flag | false | |||
Securities Act File Number | 814-01485 | |||
Document Type | 10-Q | |||
Entity Registrant Name | BLACKROCK PRIVATE CREDIT FUND | |||
Entity Address, Address Line One | 50 Hudson Yards | |||
Entity Address, City or Town | New York | |||
Entity Address, State or Province | NY | |||
Entity Address, Postal Zip Code | 10001 | |||
City Area Code | 212 | |||
Local Phone Number | 810-5300 | |||
Entity Emerging Growth Company | true | |||
Entity Ex Transition Period | true | |||
General Description of Registrant [Abstract] | ||||
Investment Objectives and Practices [Text Block] | Our investment objective is to achieve high risk-adjusted returns produced primarily from current income generated by investing primarily in senior secured corporate debt instruments. We seek to achieve our investment objective through investments in privately-originated, performing senior secured debt primarily in North America-based companies with target enterprise values between $100 million and $1.5 billion. Performing debt is debt that at the time of investment is not defaulted or, in the view of the Advisers, distressed. The Fund targets positions in first lien, second lien and unitranche debt, with a preference for floating-rate debt, which the Advisers believe provides flexibility to adapt to changing market conditions. The Fund may invest in securities of any maturity and credit quality. Our investment activities will benefit from what we believe are the competitive advantages of our Advisers, including its diverse in-house skills, proprietary deal flow, and consistent and rigorous investment process focused on established, middle-market companies. | |||
Risk Factors [Table Text Block] | Item 1A. Ri sk Factors In addition to the other information set forth in this report, you should carefully consider the risk factor discussed below and the risk factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “Annual Report”), which could materially affect our business, financial condition and/or operating results. The risks described in our Annual Report and discussed below are not the only risks facing us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results. The U.S. and global capital markets are subject to systemic risk that could adversely affect our business, financial condition and results of operations. Issuers, national and regional banks, financial institutions and other participants in the U.S. and global capital markets are closely interrelated as a result of credit, trading, clearing, technology and other relationships. A significant adverse development (such as a bank run, insolvency, bankruptcy or default) with one or more national or regional banks, financial institutions or other participants in the financial or capital markets may spread to others and lead to significant concentrated or market-wide problems (such as defaults, liquidity problems, impairment charges, additional bank runs and/or losses) for other participants in these markets. Future developments, including actions taken by the U.S. Department of Treasury, FDIC, Federal Reserve Board, and systemic risk in the U.S. and global banking sectors and broader economies in general, are difficult to assess and quantify, and the form and magnitude of such developments or other actions of the U.S. Department of Treasury, FDIC and Federal Reserve Board may remain unknown for significant periods of time and could have an adverse effect on the Company. For example, in response to the rapidly declining financial condition of regional banks Silicon Valley Bank (“SVB”) and Signature Bank (“Signature”), the California Department of Financial Protection and Innovation (the “CDFPI”) and the New York State Department of Financial Services (the “NYSDFS”) closed SVB and Signature on March 10, 2023 and March 12, 2023, respectively, and the Federal Deposit Insurance Corporation (“FDIC”) was appointed as receiver for SVB and Signature. Although the U.S. Department of the Treasury, the Federal Reserve and the FDIC have taken measures to stabilize the financial system, uncertainty and liquidity concerns in the broader financial services industry remain. Additionally, should there be additional systemic pressure on the financial system and capital markets, we cannot assure you of the response of any government or regulator, and any response may not be as favorable to industry participants as the measures currently being pursued. In addition, highly publicized issues related to the U.S. and global capital markets in the past have led to significant and widespread investor concerns over the integrity of the capital markets. The current situation related to SVB and Signature could in the future lead to further rules and regulations for public companies, banks, financial institutions and other participants in the U.S. and global capital markets, and complying with the requirements of any such rules or regulations may be burdensome. Even if not adopted, evaluating and responding to any such proposed rules or regulations could results in increased costs and require significant attention from the Adviser. | |||
NAV Per Share | $ 24.49 | $ 23.69 | $ 23.49 | $ 25 |
Management Fees, Incentive Fees
Management Fees, Incentive Fees and Other Expenses | 6 Months Ended |
Jun. 30, 2023 | |
Management Fees Incentive Fees And Other Expense [Abstract] | |
Management Fees, Incentive Fees and Other Expenses | 3. Management Fees, Incentive Fees and Other Expenses Investment Advisory Agreement On March 16, 2022, the Fund entered into an Investment Advisory Agreement (the “Advisory Agreement”) with the Investment Adviser. Under the terms of the Advisory Agreement, the Investment Adviser determines the composition of the Fund’s portfolio, the nature and timing of the changes to the Fund’s portfolio and the manner of implementing such changes; identifies, evaluates and negotiates the structure of the investments the Fund makes (including performing due diligence on prospective portfolio companies); and closes, monitors and administers the investments the Fund makes, including the exercise of any voting or consent rights. Pursuant to the Advisory Agreement, the Fund pays the Investment Adviser compensation for investment advisory and management services consisting of base management fee and incentive fee (together, the “Advisory Fee”), which are further described below. Base Management Fee The management fee is calculated at an annual rate of 1.25 % of the value of the Fund’s net assets determined on a consolidated basis in accordance with GAAP at the end of the most recently completed calendar month and payable monthly in arrears. The Investment Adviser has agreed to waive its management fee for the first twelve months following the date of the commencement of the Fund's operations. On April 25, 2023, the Fund's Board of Trustees approved an amendment of the Amended and Restated Fee Waiver and Expense Support and Reimbursement Agreement, which extended the waiver through December 31, 2023. For the three months ended June 30, 2023 and 2022, the Investment Adviser earned and waived $ 466,719 and $ 0 in management fees, respectively. For the six months ended June 30, 2023 and for the period from March 18, 2022 (Inception) to June 30, 2022, the Investment Adviser earned and waived $ 863,876 and $ 0 in management fees, respectively. For the period from March 18, 2022 (Inception) to June 30, 2023, the Investment Adviser earned and waived $ 1,405,358 in management fees. Incentive Fees Incentive compensation is payable to the Investment Adviser pursuant to the Advisory Agreement. The incentive fee consists of two components, an income component and a capital gains component. Each component of the incentive fee will be calculated and, if due, will be payable quarterly in arrears. The Investment Adviser has agreed to waive all incentive fee for the first twelve months following the commencement of the Fund's operations. On April 25, 2023, the Fund's Board of Trustees approved an amendment of the Expense Support Agreement, which extended the waiver through December 31, 2023. The income component of the incentive fee will be the amount, if positive, equal to 12.5 % of the aggregate net investment income before incentive compensation earned for the most recent calendar quarter and the preceding eleven calendar quarters (or if shorter, the number of calendar quarters that have occurred since commencement of the Fund), less aggregate income incentive compensation previously paid in with respect to the first eleven calendar quarters (or the portion thereof) included in the relevant trailing twelve quarters. 3. Management Fees, Incentive Fees and Other Expenses (Continued) The income component of the incentive fee is subject to a 5.0 % total return hurdle on daily weighted average unreturned capital contributions (the “Hurdle Rate”). As such, the Fund will not be obligated to pay any income incentive fee to the extent the annualized trailing twelve quarter (or if shorter, the number of calendar quarters that have occurred since the commencement of the Fund) total return of the Fund (as defined below), including net realized gains and losses and net unrealized appreciation and depreciation, does not exceed the Hurdle Rate. To the extent that the Fund’s annualized total return for the relevant period exceeds the Hurdle Rate, but is less than approximately 5.71 % of daily weighted average unreturned capital contributions, the income incentive fee will be subject to a “catch up”, calculated as 100 % of the aggregate net investment income before incentive compensation earned in excess of Hurdle Rate for the relevant period. To the extent that the Fund’s annualized total return for the relevant period exceeds approximately 5.71 %, the income component of the incentive fee will be equal to 12.5 % of net investment income before incentive compensation earned in excess of this total return threshold. For purposes of calculating the income incentive fee, (i) “total return” means the amount equal to the combination of net investment income before incentive compensation, realized capital gains and losses and unrealized capital appreciation and depreciation of the Fund for the period in question; (ii) “unreturned capital contributions” means the proceeds to the Fund of all issuances of common shares, less all distributions by the Fund to shareholders representing a return of capital. The capital gains component of the incentive fee will be the amount, if positive, equal to 12.5 % of the aggregate realized capital gains (computed net of realized losses and net unrealized capital depreciation, if any) for the most recent calendar quarter and the preceding eleven calendar quarters (or if shorter, the number of calendar quarters that have occurred since commencement of the Fund), less capital gains incentive compensation previously paid or distributed in respect of the first eleven calendar quarters (or the portion thereof) included in the relevant trailing twelve quarters. The capital gains component will be paid in full prior to payment of the income component. In any case, incentive fee (including both the income and capital gains components) will only be paid to the extent the trailing twelve quarter (or if shorter, the number of calendar quarters that have occurred since commencement of the fund) total return of the Fund after incentive compensation and including such payment would equal or exceed a 5 % annual total return on daily weighted average unreturned contributed capital contributions for such period. For the three months ended June 30, 2023 and 2022, the Investment Adviser earned and waived $ 611,662 and $ 0 in incentive fees, respectively. For the six months ended June 30, 2023 and for the period from March 18, 2022 (Inception) to June 30, 2022, the Investment Adviser earned and waived $ 1,575,589 and $ 0 in incentive fees, respectively. For the period from March 18, 2022 (Inception) to June 30, 2023, the Investment Adviser earned and waived $ 1,575,589 in incentive fees. Sub-Advisory Fees Pursuant to the sub-advisory agreement, dated as of May 31, 2022 (the “Sub-Advisory Agreement”), the Investment Adviser, and not the Fund, will pay a portion of the management fee received by the Investment Adviser to the Sub-Adviser as a sub-advisory fee to the Sub-Adviser in an amount equal to a percentage of the average daily value of the Fund’s assets allocated to the Sub-Adviser. Other Expenses The Fund bears all expenses incurred in connection with its business, including fees and expenses outside of contracted services, such as custodian, administrative, legal, audit and tax preparation fees, costs of valuing investments, insurance costs, brokers’ and finders’ fees relating to investments, and any other transaction costs associated with the purchase and sale of investments. |
Debt
Debt | 6 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
Debt | 4. Debt On June 3, 2022, Blackrock Private Credit Fund Leverage I, LLC (the “Borrower”), a Delaware limited liability company and wholly-owned subsidiary of the Fund, established a $ 200 million combined revolving credit and term loan facility with PNC Bank, National Association as facility agent (the “Credit Facility”). The Credit Facility matures on June 3, 2032 and generally bears interest at three-month Term SOFR, plus (a) 1.55 % if the aggregate balance of Middle Market Loans is less than or equal to 25%, (b) 1.65 % if the aggregate balance of Middle Market Loans is above 25% and less than or equal to 50%, (c) 1.80 % if the aggregate balance of Middle Market Loans is above 50% and less than or equal to 75%, or (d) 1.90 % if the aggregate balance of Middle Market Loans is above 75%. The Credit Facility also accrues commitment fees on any undrawn amounts at an annual rate of 0.50 %, or 0.35 % for the period from the closing date of the Credit Facility to the three-month anniversary of the closing date. The Credit Facility is secured by all of the assets held by the Borrower. Under the Credit Facility, the Borrower has made certain customary representations and warranties, and is required to comply with various covenants, reporting requirements and other customary requirements for similar credit facilities. The Credit Facility includes usual and customary events of default for credit facilities of this nature. Borrowings under the Credit Facility are considered borrowings of the Fund for purposes of complying with the asset coverage requirements under the 1940 Act. At June 30, 2023, there was $ 99.0 million of debt outstanding under the Credit Facility, with a weighted-average interest rate, excluding fees of 6.82 % . Outstanding debt is carried at amortized cost in the Consolidated Statements of Assets and Liabilities. As of June 30, 2023, the estimated fair value of the outstanding debt approximated their carrying value. Total expenses related to debt included the following: Six Months Ended June 30, 2023 For the period from March 18, 2022 (Inception) to June 30, 2022 Interest expense $ 3,019,907 $ — Amortization of deferred debt issuance costs 94,278 13,960 Commitment fees 270,417 — Total $ 3,384,602 $ 13,960 |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 5. Commitments and Contingencies The Fund conducts business with brokers and dealers that are primarily headquartered in New York and Los Angeles and are members of the major securities exchanges. Banking activities are conducted with a firm headquartered in the Boston area. In the normal course of business, investment activities involve executions, settlement and financing of various transactions resulting in receivables from, and payables to, brokers, dealers, and the custodian. These activities may expose the Fund to risk in the event that such parties are unable to fulfill contractual obligations. Management does not anticipate any material losses from counterparties with whom it conducts business. Consistent with standard business practice, the Fund enters into contracts that contain a variety of indemnifications and is engaged from time to time in various legal actions. The maximum exposure under these arrangements and activities is unknown. However, management expects the risk of material loss to be remote. 5. Commitments and Contingencies (Continued) The Consolidated Schedule of Investments include certain revolving loan facilities and other commitments with unfunded balances at June 30, 2023 and December 31, 2022 as follows: Unfunded Balances Issuer Maturity Date June 30, 2023 December 31, 2022 Accordion Partners LLC 8/29/2029 $ 4,821,811 $ 624,447 Accordion Partners LLC 8/31/2028 277,532 277,532 Alcami Corporation 12/21/2028 83,235 83,235 Alcami Corporation 12/21/2028 133,176 133,176 Alera Group, Inc. 9/30/2028 112,523 244,494 AmeriLife Holdings, LLC 8/31/2029 251,663 251,663 AmeriLife Holdings, LLC 8/31/2028 314,579 377,494 athenahealth Group Inc. 2/15/2029 109,783 109,783 Avalara, Inc. 10/19/2028 377,651 377,651 Bynder Bidco B.V. (Netherlands) 1/26/2029 171,174 N/A Bynder Bidco, Inc. (Netherlands) 1/26/2029 47,160 N/A Cherry Bekaert Advisory LLC 6/30/2028 499,136 499,136 Cherry Bekaert Advisory LLC 6/30/2028 313,078 313,078 Disco Parent, Inc. (Duck Creek Technologies) 3/30/2029 232,723 N/A Freedom Financial Network Funding, LLC 9/21/2027 N/A 891,790 Fusion Holding Corp. (Finalsite) 9/15/2027 371,133 371,133 Fusion Risk Management, Inc. 5/22/2029 457,601 N/A Fusion Risk Management, Inc. 8/30/2028 N/A 313,806 Galway Borrower LLC 9/29/2028 5,400,000 N/A GC Champion Acquisition LLC (Numerix) 8/21/2028 N/A 654,568 GTY Technology Holdings Inc. 7/9/2029 264,374 264,374 ImageFirst Holdings, LLC 4/27/2028 228,309 N/A Integrity Marketing Acquisition, LLC 8/27/2025 3,257,671 2,989,762 Integrity Marketing Acquisition, LLC 8/27/2025 1,339,544 N/A LJ Avalon Holdings, LLC (Ardurra) 2/1/2030 307,668 N/A LJ Avalon Holdings, LLC (Ardurra) 2/1/2029 123,067 N/A Lucky US BuyerCo LLC (Global Payments) 3/30/2029 409,549 N/A Madison Logic Holdings, Inc. 12/30/2027 163,029 163,029 Opco Borrower, LLC (Giving Home Health Care) 8/19/2027 193,180 154,544 Oranje Holdco, Inc. (KnowBe4) 2/1/2029 180,686 N/A Pueblo Mechanical and Controls, LLC 8/23/2028 211,418 626,684 Pueblo Mechanical and Controls, LLC 8/23/2027 142,291 237,151 Serrano Parent, LLC (Sumo Logic) 5/13/2030 409,922 N/A Showtime Acquisition, L.L.C. (World Choice) 8/7/2028 197,914 N/A Showtime Acquisition, L.L.C. (World Choice) 8/7/2028 158,331 N/A Streamland Media Midco LLC 8/31/2023 N/A 1,125,859 Vensure Employer Services, Inc. 3/26/2027 275,331 2,642,481 Zendesk, Inc. 11/22/2028 610,938 610,938 Zendesk, Inc. 11/22/2028 251,563 251,563 Total Unfunded Balances $ 22,698,743 $ 14,589,371 |
Other Related Party Transaction
Other Related Party Transactions | 6 Months Ended |
Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
Other Related Party Transactions | 6. Other Related Party Transactions The Investment Adviser has paid all of the Fund’s organizational and offering expenses on the Fund’s behalf. During each of the 36 months following the commencement of the Fund’s operations, the Fund will reimburse the Investment Adviser for any and all Expense Payments incurred by the Investment Adviser under the Expense Support Agreement to the extent that the Fund’s annual Operating Expenses do not exceed 1.25 % of the value of the Fund’s net assets, calculated monthly based on month-end net assets. From time to time, the Adviser advances payments to third parties on behalf of the Fund and receives reimbursement from the Fund. At June 30, 2023 and December 31, 2022, amounts reimbursable to the Adviser totaled $ 108,675 and $ 48,566 , respectively, as reflected in the Consolidated Statements of Assets and Liabilities. The Fund has entered into an administration agreement (the “Administration Agreement”) with the Administrator. Pursuant to the Administration Agreement, the Administrator will perform (or oversee, or arrange for, the performance by third parties of) the administrative services necessary for the operation of the Fund, including but not limited to, determining and publishing the Fund's net asset value (“NAV”), overseeing the preparation and filing of the Fund's tax returns, and the printing and dissemination of reports to shareholders of the Fund, and generally overseeing the payment of the Fund's expenses and the performance of administrative and professional services rendered to the Fund by others. The Fund reimburses the Administrator for the costs and expenses incurred by the Administrator in performing its obligations and providing personnel and facilities thereunder, including payments to the Administrator in an amount equal to the Fund’s allocable portion of overhead and other expenses incurred by the Administrator or its affiliate in performing its obligations and services under the Administration Agreement, such as rent, license fees and other costs associated with computer software utilized in providing such obligations and services and the Fund’s allocable portion of the cost of personnel attributable to performing such obligations and services, including, but not limited to, marketing, legal and other services performed by the Administrator for the Fund. The Administrator will also, on behalf of the Fund, arrange for the services of, and oversee, custodians, depositories, transfer agents, dividend disbursing agents, other shareholders servicing agents, accountants, attorneys, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks, shareholders and such other persons in any such other capacity deemed to be necessary or desirable. For the six months ended June 30, 2023 and for the period from March 18, 2022 (Inception) to June 30, 2022, the Fund incurred $ 576,255 and $ 52,604 respectively, for such administrative service expenses. |
Stockholders' Equity and Divide
Stockholders' Equity and Dividends | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
Stockholders' Equity and Dividends | 7. Stockholders’ Equity and Dividends The Fund is offering on a continuous basis up to $ 2,500,000,000 of the Fund’s common shares of beneficial interest (“Common Shares”). The Fund is offering to sell any combination of three classes of Common Shares, Class D shares, Class S shares and Institutional shares, with a dollar value up to the maximum offering amount. The share classes have different ongoing shareholder servicing and/or distribution fees. In the initial offering of Common Shares, the per share purchase price for Common Shares in the primary offering was $ 25.00 per share. Thereafter, the purchase price per share for each class of Common Shares will equal the Fund’s NAV per share, as of the effective date of the monthly share purchase date. The Fund’s offering is a “best efforts” offering, which means that BlackRock Investments, LLC, the distributor for the offering, will use its best efforts to sell shares, but is not obligated to purchase or sell any specific amount of shares in this offering. The Fund has the authority to issue an unlimited number of Common Shares of any class and an unlimited number of shares of preferred shares, at a par value $ 0.001 per share. As of June 30, 2023, the Fund had 6,568,807 Institutional shares issued and outstanding. 7. Stockholders’ Equity and Dividends (Continued) The following table summarizes transactions in Common Shares during the six months ended June 30, 2023: Shares Amount Institutional Class Subscriptions 1,322,013 $ 31,935,992 Share transfers between classes — — Distributions reinvested 278,218 6,709,771 Share Repurchases — — Early Repurchase Deduction — — Net Increase (Decrease) 1,600,231 $ 38,645,763 Class S Subscriptions — — Share transfers between classes — — Distributions reinvested — — Share Repurchases — — Early Repurchase Deduction — — Net Increase (Decrease) — — Class D — — Subscriptions — — Share transfers between classes — — Distributions reinvested — — Share Repurchases — — Early Repurchase Deduction — — Net Increase (Decrease) — — We expect to determine our NAV for each class of shares each month as of the last day of each calendar month. The NAV per share for each class of shares is determined by dividing the value of total assets attributable to the class minus liabilities attributable to the class by the total number of Common Shares outstanding of the class at the date as of which the determination is made. Shares are issued at an offering price equivalent to the most recent NAV per share available for each share class, which will be the prior calendar day NAV per share (i.e. the prior month-end NAV). The following table presents our monthly NAV per share for each of the three classes of shares since our inception through June 30, 2023. NAV per Share For the Month Ended Institutional Class Class S Class D June 30, 2022 $ 23.49 N/A N/A July 31, 2022 24.40 N/A N/A August 31, 2022 24.86 N/A N/A September 30, 2022 23.74 N/A N/A October 31, 2022 23.89 N/A N/A November 30, 2022 23.93 N/A N/A December 31, 2022 23.69 N/A N/A January 31, 2023 24.28 N/A N/A February 28, 2023 24.25 N/A N/A March 31, 2023 24.23 N/A N/A April 30, 2023 24.38 N/A N/A May 31, 2023 24.05 N/A N/A June 30, 2023 24.49 N/A N/A Dividends and distributions to common shareholders are recorded on the ex-dividend date. Distributions are declared considering net investment income available for distribution to shareholders, at the discretion of our Board of Trustees. 7. Stockholders’ Equity and Dividends (Continued) The following table summarizes the Fund's dividends declared for the six months ended June 30, 2023. There were no dividends declared for the period from March 18, 2022 (Inception) to June 30, 2022. Institutional Class Date Declared Record Date Payment Date Type Amount Per Share Total Amount January 30, 2023 January 30, 2023 February 27, 2023 Regular $ 0.17 $ 890,298 February 15, 2023 February 22, 2023 March 27, 2023 Regular 0.18 1,012,545 March 24, 2023 March 29, 2023 April 26, 2023 Regular 0.20 1,181,081 April 25, 2023 April 27, 2023 May 26, 2023 Regular 0.21 1,304,322 May 26, 2023 May 30, 2023 June 27, 2023 Regular 0.21 1,340,292 June 30, 2023 June 30, 2023 July 26, 2023 Regular 0.21 1,379,449 $ 1.18 $ 7,107,987 Class S Shares No Class S shares were outstanding for the six months ended June 30, 2023. Class D Shares No Class D shares were outstanding for the six months ended June 30, 2023. |
Share Repurchase Program
Share Repurchase Program | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
Share Repurchase Program | 8. Share Repurchase Program At the discretion of the Fund’s Board of Trustees, the Fund intends to conduct a share repurchase program in which the Fund intends to repurchase, in each quarter, up to 5 % of the Fund’s Common Shares outstanding (either by number of shares or aggregate NAV) as of the close of the previous calendar quarter. The Fund does not intend to commence a share repurchase offer during any calendar quarter for which the Fund’s liquid assets are less than 25 % of the Fund’s net assets plus available and undrawn leverage as of the date of the most recent publicly available NAV prior to the commencement of such calendar quarter. In addition, the Fund’s Board of Trustees may amend, suspend or terminate the share repurchase program if it deems such action to be in the Fund’s best interest and the best interest of the Fund’s shareholders. As a result, share repurchases may not be available each quarter. The Fund intends to conduct such repurchase offers in accordance with the requirements of Rule 13e-4 promulgated under the Exchange Act and the 1940 Act. All shares purchased by the Fund pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued shares. Under the Fund’s share repurchase plan, to the extent the Fund offers to repurchase shares in any particular quarter, the Fund expects to repurchase shares pursuant to tender offers on or around the last business day of that quarter using a purchase price equal to the NAV per share as of the last business day of the applicable quarter, except that shares that have not been outstanding for at least one year will be repurchased at 98 % of such NAV (an “Early Repurchase Deduction”).The one-year holding period is measured as of the subscription closing date immediately following the prospective repurchase date. The Early Repurchase Deduction may be waived in the case of repurchase requests arising from the death, divorce or qualified disability of the holder. The Early Repurchase Deduction will be retained by the Fund for the benefit of remaining shareholders. The Fund commenced its initial quarterly repurchase offer on April 28, 2023. There were no share repurchases for the six months ended June 30, 2023. 8. Share Repurchase Program (Continued) The following table presents information with respect to the Fund's repurchases during the three months ended June 30, 2023: Repurchase deadline request Number of Shares Repurchased Percentage of Outstanding Shares Repurchased (1) Price Paid Per Share Repurcahse Pricing Date Amount Repurchased (2) Maximum number of shares that may yet be repurchased (3) May 31, 2023 — — N/A N/A — — ______________________ (1) Percentage is based on total shares as of the close of the previous calendar quarter. (2) All repurchase requestes were satisfied in full. (3) Net of Early Repurchase Deduction (if any). |
Financial Highlights
Financial Highlights | 6 Months Ended |
Jun. 30, 2023 | |
Investment Company [Abstract] | |
Financial Highlights | 9. Financial Highlights Six Months Ended June 30, For the Period from March 18, 2022 (Inception) to June 30, 2023 2022 Per Common Share Per share NAV at beginning of period $ 23.69 $ 25.00 Investment operations: (1) Net investment income 1.47 0.01 Net realized and unrealized gain (loss) 0.51 ( 1.52 ) Total from investment operations 1.98 ( 1.51 ) Dividends to common shareholders ( 1.18 ) — Per share NAV at end of period $ 24.49 $ 23.49 Total return based on net asset value: (2) 8.36 % ( 6.04 )% Shares outstanding at end of period 6,568,807 2,000,000 Ratios to average net asset value: (3) Net investment income (4) 12.52 % 0.19 % Expenses before incentive fee (5) 6.50 % 1.31 % Expenses and incentive fee (6) 6.50 % 1.31 % Ending net asset value $ 160,840,538 $ 46,972,811 Portfolio turnover rate 13.46 % 0.02 % Weighted-average debt outstanding $ 92,447,514 N/A Weighted-average interest rate on debt 6.59 % N/A Weighted-average number of common shares 5,989,898 2,000,000 Weighted-average debt per share $ 14.07 N/A (1) Per share changes in net asset value are computed based on the actual number of shares outstanding during the time such activity occurred. (2) Not annualized for periods less than one year. Total return based on net asset value equals the change in net asset value per share during the period plus declared dividends per share during the period, divided by the beginning net asset value per share at the beginning of the period. (3) Annualized for periods less than one year except for incentive fees and other certain non-recurring expenses, excluding the effect of management fee and incentive fee waivers by the Adviser which represented 2.18 % of average net assets. (4) Net of incentive fees and excise taxes. (5) Includes interest and other debt costs but excludes excise taxes. (6) Includes incentive fees and all Fund expenses including interest and other debt costs but excludes excise taxes. |
Senior Securities
Senior Securities | 6 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
Senior Securities | 10. Senior Securities Information about the Fund's senior securities is shown in the following table as of the end of last fiscal year and the period ended June 30, 2023. Class and Year Total Amount (1) Asset (2) Involuntary (3) Average (4) Credit Facility As of June 30, 2023 (Unaudited) 99,000,000 $ 2,603 — N/A Fiscal Year 2022 95,000,000 2,225 — N/A (1) Total amount of each class of senior securities outstanding at the end of the period presented. (2) The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. The asset coverage ratio with respect to indebtedness is multiplied by $ 1,000 to determine the Asset Coverage Per Unit. (3) The amount to which such class of senior security would be entitled upon the voluntary liquidation of the issuer in preference to any security junior to it. The “—” in this column indicates that the SEC expressly does not require this information to be disclosed for certain types of senior securities. (4) The Fund's senior securities are not registered for public trading. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Events | 11. Subsequent Events On July 3, 2023, the Fund accepted $ 4,574,394 of additional subscriptions, to purchase $ 4,574,394 of additional institutional shares, par value $ 0.001 per share. On July 21, 2023, the number of shares being purchased was fixed when the purchase price of $ 24.49 per share was determined by the Fund. As a result, the Fund issued 186,786 shares and received $ 4,574,394 in proceeds. On July 27, 2023 , the Fund declared a regular distribution for its Institutional Shares in an amount of $ 0.21 per share. The distribution will be payable to shareholders of record at the close of business on July 28, 2023 and will be paid on August 28, 2023 . The distribution will be paid in cash or reinvested in Fund shares for shareholders participating in the Fund's distribution reinvestment plan. On July 28, 2023, the Fund initiated a quarterly offer to repurchase up to 5 % of its shares outstanding as of June 30, 2023, commencing on July 28, 2023 and ending on August 31, 2023 , with a valuation date of September 30, 2023 . |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The consolidated financial statements of the Fund have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). The Fund is an investment company following accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies (“ASC Topic 946”). The Fund has consolidated the results of its wholly owned subsidiaries in its consolidated financial statements in accordance with ASC Topic 946. The following is a summary of the significant accounting policies of the Fund. |
Use of Estimates | Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, as well the reported amounts of revenues and expenses during the reporting periods presented. Although management believes these estimates and assumptions to be reasonable, actual results could differ from those estimates and such differences could be material. |
Investment Valuation | Investment Valuation The Securities and Exchange Commission (the "SEC") has adopted Rule 2a-5 (the "Rule") under the 1940 Act. The Rule establishes requirements for determining fair value in good faith for purposes of the 1940 Act. On July 28, 2022, pursuant to Rule 2a-5 under the 1940 Act, the Fund's Board of Trustees designated the Investment Adviser as the Fund's valuation designee (the "Valuation Designee") to perform certain fair value functions, including performing fair value determinations. As required by the Rule, the Valuation Designee will provide periodic fair valuation reporting and notifications on behalf of the Fund to the Board of Trustees to facilitate the Board of Trustees' oversight duties. The Valuation Designee values investments at fair value in accordance with GAAP, based upon the principles and methods of valuation set forth in the Valuation Designee's policies and procedures adopted for the Fund by the Valuation Designee and approved by the Board of Trustees. Fair value is generally defined as the amount for which an investment would be sold in an orderly transaction between market participants at the measurement date. 2. Summary of Significant Accounting Policies (Continued) All investments are valued at least monthly based on quotations or other affirmative pricing from independent third-party sources, with the exception of investments priced directly by the Valuation Designee which in the aggregate comprise less than 5 % of the capitalization of the Fund. Investments listed on a recognized exchange or market quotation system, whether U.S. or foreign, are valued using the closing price on the date of valuation. Investments not listed on a recognized exchange or market quotation system, but for which reliable market quotations are readily available are valued using prices provided by a nationally recognized pricing service or by using quotations from broker-dealers. Investments for which market quotations are either not readily available or are determined to be unreliable are priced at fair value using affirmative valuations performed by independent valuation services approved by the Valuation Designee or, for investments aggregating less than 5 % of the total assets of the Fund, using valuations determined directly by the Valuation Designee. Such valuations are determined under documented valuation policies and procedures reviewed and approved by a committee established by the Valuation Designee (the "Valuation Committee"). Generally, to increase objectivity in valuing the investments, the Valuation Designee will utilize external measures of value, such as public markets or third-party transactions, whenever possible. The Valuation Designee’s valuation is not based on long-term work-out value, immediate liquidation value, nor incremental value for potential changes that may take place in the future. The values assigned to investments are based on available information and do not necessarily represent amounts that might ultimately be realized, as these amounts depend on future circumstances and cannot reasonably be determined until the individual investments are actually liquidated. Such circumstances may include macroeconomic, geopolitical and other events, rising interest rates and risks related to inflation that may significantly impact the profitability or viability of businesses in which the Fund is invested, and therefore may significantly impact the return on and realizability of the Fund’s investments. The foregoing policies apply to all investments, including any in companies and groups of affiliated companies aggregating more than 5 % of the Fund’s assets. Fair valuations of investments in each asset class are determined using one or more methodologies including market quotations, the market approach, income approach, or, in the case of recent investments, the cost approach, as appropriate. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets. Such information may include observed multiples of earnings and/or revenues at which transactions in securities of comparable companies occur, with appropriate adjustments for differences in company size, operations or other factors affecting comparability. The income approach uses valuation techniques to convert future amounts (for example, cash flows or earnings) to a single present value amount (discounted). The measurement is based on the value indicated by current market expectations about those future amounts. The discount rates used for such analyses reflect market yields for comparable investments, considering such factors as relative credit quality, capital structure, and other factors. In following these approaches, the types of factors that may be taken into account also include, as relevant and among other factors: available current market data, including relevant and applicable market trading and transaction comparables, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the portfolio company’s ability to make payments, its earnings and cash flows, the markets in which the portfolio company does business, comparisons of financial ratios of peer companies that are public, merger and acquisition comparables, comparable costs of capital, the principal market in which the investment trades and enterprise values. Investments may be categorized based on the types of inputs used in valuing such investments. The level in the GAAP valuation hierarchy in which an investment falls is based on the lowest level input that is significant to the valuation of the investment in its entirety. Transfers between levels are recognized as of the beginning of the reporting period. 2. Summary of Significant Accounting Policies (Continued) At June 30, 2023, the Fund’s investments were categorized as follows: Level Basis for Determining Fair Value Bank Debt (1) Total 1 Quoted prices in active markets for identical assets $ — $ — 2 Other direct and indirect observable market inputs (2) 121,757,700 121,757,700 3 Valuation sources that employ significant unobservable inputs 127,312,157 127,312,157 Total $ 249,069,857 $ 249,069,857 ______________________ (1) Includes senior secured loans (2) For example, quoted prices in inactive markets or quotes for comparable investments Unobservable inputs used in the fair value measurement of Level 3 investments as of June 30, 2023 included the following: Asset Type Fair Value Valuation Technique Unobservable Input Weighted Average Range (1) (2) Bank Debt $ 96,907,466 Income approach Discount rate 11.4 % - 12.2 % ( 11.9 %) 30,404,691 Market quotations Indicative bid/ask quotes 1 ( 1 ) $ 127,312,157 ______________________ (1) Representing the weighted average of each significant unobservable input range at the investment level by fair value. (2) Representing the weighted average of each significant unobservable input for concluded value at the investment level by fair value. Certain fair value measurements may employ more than one valuation technique, with each valuation technique receiving a relative weight between 0 % and 100 %. Generally, a change in an unobservable input may result in a change to the value of an investment as follows: Input Impact to Value if Input Increases Impact to Value if Input Decreases Discount rate Decrease Increase Revenue multiples Increase Decrease EBITDA multiples Increase Decrease Book value multiples Increase Decrease Implied volatility Increase Decrease Term Increase Decrease Yield Increase Decrease 2. Summary of Significant Accounting Policies (Continued) Changes in investments categorized as Level 3 during the three months ended June 30, 2023 were as follows: Independent Third-Party Valuation Bank Debt Total Beginning balance $ 107,279,231 $ 107,279,231 Net realized and unrealized gains (losses) 826,650 826,650 Acquisitions (1) 23,633,028 23,633,028 Dispositions ( 3,402,375 ) ( 3,402,375 ) Transfers into Level 3 (2) 780,512 780,512 Transfers out Level 3 (3) ( 1,804,889 ) ( 1,804,889 ) Ending balance $ 127,312,157 $ 127,312,157 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses , above) $ 826,650 $ 826,650 ______________________ (1) Includes payments received in kind and accretion of original issue and market discounts. (2) Comprised of one investment that was transferred from Level 2 to Level 3 due to decreased observable market activity. (3) Comprised of three investments that were transferred from Level 3 to Level 2 due to increased observable market activity. Changes in investments categorized as Level 3 during the six months ended June 30, 2023 were as follows: Independent Third-Party Valuation Bank Debt Total Beginning balance $ 76,785,839 $ 76,785,839 Net realized and unrealized gains (losses) 1,315,431 1,315,431 Acquisitions (1) 50,767,725 50,767,725 Dispositions ( 3,746,000 ) ( 3,746,000 ) Transfers into Level 3 (2) 4,260,887 4,260,887 Transfers out Level 3 (3) ( 2,071,725 ) ( 2,071,725 ) Ending balance $ 127,312,157 $ 127,312,157 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses , above) $ 1,283,123 $ 1,283,123 ______________________ (1) Includes payments received in kind and accretion of original issue and market discounts. (2) Comprised of three investments that were transferred from Level 2 to Level 3 due to decreased observable market activity. (3) Comprised of one investment that was transferred from Level 3 to Level 2 due to increased observable market activity. 2. Summary of Significant Accounting Policies (Continued) At December 31, 2022, the Fund’s investments were categorized as follows: Level Basis for Determining Fair Value Bank Debt (1) Total 1 Quoted prices in active markets for identical assets $ — $ — 2 Other direct and indirect observable market inputs (2) 130,768,540 130,768,540 3 Valuation sources that employ significant unobservable inputs 76,785,839 76,785,839 Total $ 207,554,379 $ 207,554,379 ______________________ (1) Includes senior secured loans (2) For example, quoted prices in inactive markets or quotes for comparable investments Unobservable inputs used in the fair value measurement of Level 3 investments as of December 31, 2022 included the following: Asset Type Fair Value Valuation Technique Unobservable Input Weighted Average Range (1) (2) Bank Debt $ 65,553,615 Income approach Discount rate 11.3 % - 12.0 % ( 11.7 %) 11,232,224 Market quotations Indicative bid/ask quotes 1 ( 1 ) $ 76,785,839 ______________________ (1) Representing the weighted average of each significant unobservable input range at the investment level by fair value. (2) Representing the weighted average of each significant unobservable input for concluded value at the investment level by fair value. |
Investment Transactions | Investment Transactions Investment transactions are accounted for on the trade date, except for private transactions that have conditions to closing, which are recorded on the closing date. The cost of investments purchased is based upon the purchase price plus those professional fees which are specifically identifiable to the investment transaction. Realized gains and losses on investments are recorded based on the specific identification method, which typically allocates the highest cost inventory to the basis of investments sold. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash consists of amounts held in accounts with the custodian bank. Cash equivalents consist of highly liquid investments with an original maturity of generally 60 days or less and may not be insured by the FDIC or may exceed federally insured limits. Cash equivalents are classified as Level 1 in the GAAP valuation hierarchy. At June 30, 2023, included in cash and cash equivalents was $ 13,096,020 ( 8.1 % of net assets) held in the JPMorgan U.S. Treasury Plus Money Market Fund with a 7-day yield of 4.94 %. At December 31, 2022, included in cash and cash equivalents was $ 11,024,422 ( 9.4 % of net assets) held in JP Morgan U.S. Treasury Plus Money Market Fund with a 7-day yield of 4.94 %. |
Restricted Investments | Restricted Investments The Fund may invest without limitation in instruments that are subject to legal or contractual restrictions on resale. These instruments generally may be resold to institutional investors in transactions exempt from registration or to the public if the securities are registered. Disposal of these investments may involve time-consuming negotiations and additional expense, and prompt sale at an acceptable price may be difficult. Restricted investments, including any restricted investments in affiliates, are valued in accordance with the investment valuation policies discussed above. The Fund did no t hold any restricted investments at June 30, 2023 and December 31, 2022. |
Foreign Currency Investments | Foreign Currency Investments The Fund may invest in instruments traded in foreign countries and denominated in foreign currencies. Such positions are converted at the respective closing foreign exchange rates in effect at June 30, 2023 and reported in U.S. dollars. Purchases and sales of investments and income and expense items denominated in foreign currencies, when they occur, are translated into U.S. dollars based on the foreign exchange rates in effect on the respective dates of such transactions. The portion of gains and losses on foreign investments resulting from fluctuations in foreign currencies is included in net realized and unrealized gain or loss from investments. The Fund did no t hold any investments denominated in foreign currency at June 30, 2023. Investments in foreign companies and securities of foreign governments may involve special risks and considerations not typically associated with investing in U.S. companies and securities of the U.S. Government. These risks include, among other things, revaluation of currencies, less reliable information about issuers, different transaction clearance and settlement practices, and potential future adverse political and economic developments. Moreover, investments in foreign companies and securities of foreign governments and their markets may be less liquid and their prices more volatile than those of comparable U.S. companies and the U.S. Government. |
Organization and Offering Costs | Organization and Offering Costs The Fund has entered into a Fee Waiver and Expense Support and Reimbursement Agreement (the “Expense Support Agreement”) with the Investment Adviser. Pursuant to the Expense Support Agreement, the Investment Adviser has paid all of the Fund’s organizational and offering expenses on the Fund’s behalf (each, an “Expense Payment”). During each of the 36 months following the commencement of the Fund’s operations, the Fund will reimburse the Investment Adviser for any and all Expense Payments incurred by the Investment Adviser under the Expense Support Agreement to the extent that the Fund’s annual Operating Expenses (as defined below) do not exceed 1.25 % of the value of the Fund’s net assets, calculated monthly based on month-end net assets. “Operating Expenses” for purposes of the Expense Support Agreement means all annual operating expenses of the Fund incurred in the ordinary course of business, excluding offering costs incurred by the Fund, interest expense and other financing costs, portfolio transaction and other investment-related costs, base management fee and incentive fee payable pursuant to the Advisory Agreement, shareholder servicing and/or distribution fees, taxes and any other extraordinary expenses not incurred in the ordinary course of business (including, without limitation, litigation expenses). From inception of the Fund through June 30, 2023, the Adviser had incurred $ 811,708 related to organizational and offering expenses. The Fund did not reimburse the Investment Adviser for any Expense Payments during the six months ended June 30, 2023 since the annual operating expenses exceeded 1.25 % of the value of the Fund’s net assets. |
Deferred Debt Issuance Costs | Deferred Debt Issuance Costs Certain costs incurred in connection with the issuance of debt of the Fund were capitalized and are being amortized on a straight-line basis over the estimated life of the respective instruments. The impact of utilizing the straight-line amortization method versus the effective-interest method is not material to the operations of the Fund. |
Revenue Recognition | Revenue Recognition Interest and dividend income, including income paid in kind, is recorded on an accrual basis, when such amounts are considered collectible. Origination, structuring, closing, commitment and other upfront fees, including original issue discounts, earned with respect to capital commitments are generally amortized or accreted into interest income over the life of the respective debt investment, as are end-of-term or exit fees receivable upon repayment of a debt investment. Other fees, including certain amendment fees, prepayment fees and commitment fees on broken deals, are recognized as earned. Prepayment fees and similar income due upon the early repayment of a loan or debt security are recognized when earned and are included in interest income. Certain debt investments are purchased at a discount to par as a result of the underlying credit risks and financial results of the issuer, as well as general market factors that influence the financial markets as a whole. Discounts on the acquisition of corporate bonds are generally amortized using the effective-interest or constant-yield method assuming there are no questions as to collectability. When principal payments on a loan are received in an amount in excess of the loan’s amortized cost, the excess principal payments are recorded as interest income. |
Income Taxes | Income Taxes The Fund elected to be regulated as a BDC under the 1940 Act. The Fund also has elected to be treated as a RIC under the Code. So long as the Fund maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Fund would represent obligations of the Fund’s investors and would not be reflected in the consolidated financial statements of the Fund. The Fund 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. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. To qualify for and maintain qualification as a RIC, the Fund must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Fund must distribute to its shareholders, for each taxable year, at least 90% of the sum of (i) its “investment company taxable income” for that year (without regard to the deduction for dividends paid), which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses and (ii) its net tax-exempt income, if any. In addition, based on the excise tax distribution requirements, the Fund is subject to a 4 % nondeductible federal excise tax on undistributed income unless the Fund distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98 % of its ordinary income for the 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 prior years. For this purpose, however, any ordinary income or capital gain net income retained by the Fund that is subject to corporate income tax is considered to have been distributed. At December 31, 2022, gross unrealized appreciation and depreciation based on cost of investments for U.S. federal income tax purposes were as follows: December 31, 2022 Tax basis of investments $ 210,903,951 Unrealized appreciation 833,360 Unrealized depreciation ( 4,182,932 ) Net unrealized appreciation (depreciation) $ ( 3,349,572 ) |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In March 2020 and January 2021, the FASB issued ASU No. 2020-04 and ASU No. 2021-01, respectively, “Reference Rate Reform (Topic 848),” which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. ASU 2020-04 is effective and can be adopted by all entities through December 31, 2022 . The expedients and exceptions provided by the amendments do not apply to contract modifications and hedging relationships entered into or evaluated after December 31, 2022, except for hedging transactions as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. 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 Fund is currently evaluating the impact of adopting ASU 2020-04 on its consolidated financial statements. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Schedule of Investments | At June 30, 2023, the Fund’s investments were categorized as follows: Level Basis for Determining Fair Value Bank Debt (1) Total 1 Quoted prices in active markets for identical assets $ — $ — 2 Other direct and indirect observable market inputs (2) 121,757,700 121,757,700 3 Valuation sources that employ significant unobservable inputs 127,312,157 127,312,157 Total $ 249,069,857 $ 249,069,857 ______________________ (1) Includes senior secured loans (2) For example, quoted prices in inactive markets or quotes for comparable investments At December 31, 2022, the Fund’s investments were categorized as follows: Level Basis for Determining Fair Value Bank Debt (1) Total 1 Quoted prices in active markets for identical assets $ — $ — 2 Other direct and indirect observable market inputs (2) 130,768,540 130,768,540 3 Valuation sources that employ significant unobservable inputs 76,785,839 76,785,839 Total $ 207,554,379 $ 207,554,379 ______________________ (1) Includes senior secured loans (2) For example, quoted prices in inactive markets or quotes for comparable investments |
Schedule of Unobservable Inputs Used in Fair Value Measurement of Level 3 Investments | Unobservable inputs used in the fair value measurement of Level 3 investments as of June 30, 2023 included the following: Asset Type Fair Value Valuation Technique Unobservable Input Weighted Average Range (1) (2) Bank Debt $ 96,907,466 Income approach Discount rate 11.4 % - 12.2 % ( 11.9 %) 30,404,691 Market quotations Indicative bid/ask quotes 1 ( 1 ) $ 127,312,157 ______________________ (1) Representing the weighted average of each significant unobservable input range at the investment level by fair value. (2) Representing the weighted average of each significant unobservable input for concluded value at the investment level by fair value. Unobservable inputs used in the fair value measurement of Level 3 investments as of December 31, 2022 included the following: Asset Type Fair Value Valuation Technique Unobservable Input Weighted Average Range (1) (2) Bank Debt $ 65,553,615 Income approach Discount rate 11.3 % - 12.0 % ( 11.7 %) 11,232,224 Market quotations Indicative bid/ask quotes 1 ( 1 ) $ 76,785,839 ______________________ (1) Representing the weighted average of each significant unobservable input range at the investment level by fair value. (2) Representing the weighted average of each significant unobservable input for concluded value at the investment level by fair value. |
Schedule of Change in Value of Investment Over Change in Unobservable Input | Certain fair value measurements may employ more than one valuation technique, with each valuation technique receiving a relative weight between 0 % and 100 %. Generally, a change in an unobservable input may result in a change to the value of an investment as follows: Input Impact to Value if Input Increases Impact to Value if Input Decreases Discount rate Decrease Increase Revenue multiples Increase Decrease EBITDA multiples Increase Decrease Book value multiples Increase Decrease Implied volatility Increase Decrease Term Increase Decrease Yield Increase Decrease |
Schedule of Changes in Investments Categorized as Level 3 | Independent Third-Party Valuation Bank Debt Total Beginning balance $ 107,279,231 $ 107,279,231 Net realized and unrealized gains (losses) 826,650 826,650 Acquisitions (1) 23,633,028 23,633,028 Dispositions ( 3,402,375 ) ( 3,402,375 ) Transfers into Level 3 (2) 780,512 780,512 Transfers out Level 3 (3) ( 1,804,889 ) ( 1,804,889 ) Ending balance $ 127,312,157 $ 127,312,157 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses , above) $ 826,650 $ 826,650 ______________________ (1) Includes payments received in kind and accretion of original issue and market discounts. (2) Comprised of one investment that was transferred from Level 2 to Level 3 due to decreased observable market activity. (3) Comprised of three investments that were transferred from Level 3 to Level 2 due to increased observable market activity. Changes in investments categorized as Level 3 during the six months ended June 30, 2023 were as follows: Independent Third-Party Valuation Bank Debt Total Beginning balance $ 76,785,839 $ 76,785,839 Net realized and unrealized gains (losses) 1,315,431 1,315,431 Acquisitions (1) 50,767,725 50,767,725 Dispositions ( 3,746,000 ) ( 3,746,000 ) Transfers into Level 3 (2) 4,260,887 4,260,887 Transfers out Level 3 (3) ( 2,071,725 ) ( 2,071,725 ) Ending balance $ 127,312,157 $ 127,312,157 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses , above) $ 1,283,123 $ 1,283,123 ______________________ (1) Includes payments received in kind and accretion of original issue and market discounts. (2) Comprised of three investments that were transferred from Level 2 to Level 3 due to decreased observable market activity. (3) Comprised of one investment that was transferred from Level 3 to Level 2 due to increased observable market activity. 2. Summary of Significant Accounting Policies (Continued) |
Summary of Gross Unrealized Appreciation and Depreciation Based on Cost of Investments for U.S. Federal Income Tax Purposes | At December 31, 2022, gross unrealized appreciation and depreciation based on cost of investments for U.S. federal income tax purposes were as follows: December 31, 2022 Tax basis of investments $ 210,903,951 Unrealized appreciation 833,360 Unrealized depreciation ( 4,182,932 ) Net unrealized appreciation (depreciation) $ ( 3,349,572 ) |
Debt (Tables)
Debt (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of Total Expenses Related to Debt | Total expenses related to debt included the following: Six Months Ended June 30, 2023 For the period from March 18, 2022 (Inception) to June 30, 2022 Interest expense $ 3,019,907 $ — Amortization of deferred debt issuance costs 94,278 13,960 Commitment fees 270,417 — Total $ 3,384,602 $ 13,960 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Commitments Contingencies Concentration Of Credit Risk And Off Balance Sheet Risk [Abstract] | |
Schedule of Certain Revolving Loan Facilities and Other Commitments with Unfunded Balances | The Consolidated Schedule of Investments include certain revolving loan facilities and other commitments with unfunded balances at June 30, 2023 and December 31, 2022 as follows: Unfunded Balances Issuer Maturity Date June 30, 2023 December 31, 2022 Accordion Partners LLC 8/29/2029 $ 4,821,811 $ 624,447 Accordion Partners LLC 8/31/2028 277,532 277,532 Alcami Corporation 12/21/2028 83,235 83,235 Alcami Corporation 12/21/2028 133,176 133,176 Alera Group, Inc. 9/30/2028 112,523 244,494 AmeriLife Holdings, LLC 8/31/2029 251,663 251,663 AmeriLife Holdings, LLC 8/31/2028 314,579 377,494 athenahealth Group Inc. 2/15/2029 109,783 109,783 Avalara, Inc. 10/19/2028 377,651 377,651 Bynder Bidco B.V. (Netherlands) 1/26/2029 171,174 N/A Bynder Bidco, Inc. (Netherlands) 1/26/2029 47,160 N/A Cherry Bekaert Advisory LLC 6/30/2028 499,136 499,136 Cherry Bekaert Advisory LLC 6/30/2028 313,078 313,078 Disco Parent, Inc. (Duck Creek Technologies) 3/30/2029 232,723 N/A Freedom Financial Network Funding, LLC 9/21/2027 N/A 891,790 Fusion Holding Corp. (Finalsite) 9/15/2027 371,133 371,133 Fusion Risk Management, Inc. 5/22/2029 457,601 N/A Fusion Risk Management, Inc. 8/30/2028 N/A 313,806 Galway Borrower LLC 9/29/2028 5,400,000 N/A GC Champion Acquisition LLC (Numerix) 8/21/2028 N/A 654,568 GTY Technology Holdings Inc. 7/9/2029 264,374 264,374 ImageFirst Holdings, LLC 4/27/2028 228,309 N/A Integrity Marketing Acquisition, LLC 8/27/2025 3,257,671 2,989,762 Integrity Marketing Acquisition, LLC 8/27/2025 1,339,544 N/A LJ Avalon Holdings, LLC (Ardurra) 2/1/2030 307,668 N/A LJ Avalon Holdings, LLC (Ardurra) 2/1/2029 123,067 N/A Lucky US BuyerCo LLC (Global Payments) 3/30/2029 409,549 N/A Madison Logic Holdings, Inc. 12/30/2027 163,029 163,029 Opco Borrower, LLC (Giving Home Health Care) 8/19/2027 193,180 154,544 Oranje Holdco, Inc. (KnowBe4) 2/1/2029 180,686 N/A Pueblo Mechanical and Controls, LLC 8/23/2028 211,418 626,684 Pueblo Mechanical and Controls, LLC 8/23/2027 142,291 237,151 Serrano Parent, LLC (Sumo Logic) 5/13/2030 409,922 N/A Showtime Acquisition, L.L.C. (World Choice) 8/7/2028 197,914 N/A Showtime Acquisition, L.L.C. (World Choice) 8/7/2028 158,331 N/A Streamland Media Midco LLC 8/31/2023 N/A 1,125,859 Vensure Employer Services, Inc. 3/26/2027 275,331 2,642,481 Zendesk, Inc. 11/22/2028 610,938 610,938 Zendesk, Inc. 11/22/2028 251,563 251,563 Total Unfunded Balances $ 22,698,743 $ 14,589,371 |
Stockholders' Equity and Divi_2
Stockholders' Equity and Dividends (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
Schedule of Transactions in Common Shares | The following table summarizes transactions in Common Shares during the six months ended June 30, 2023: Shares Amount Institutional Class Subscriptions 1,322,013 $ 31,935,992 Share transfers between classes — — Distributions reinvested 278,218 6,709,771 Share Repurchases — — Early Repurchase Deduction — — Net Increase (Decrease) 1,600,231 $ 38,645,763 Class S Subscriptions — — Share transfers between classes — — Distributions reinvested — — Share Repurchases — — Early Repurchase Deduction — — Net Increase (Decrease) — — Class D — — Subscriptions — — Share transfers between classes — — Distributions reinvested — — Share Repurchases — — Early Repurchase Deduction — — Net Increase (Decrease) — — |
Schedule of Net Asset Value Per Share | The following table presents our monthly NAV per share for each of the three classes of shares since our inception through June 30, 2023. NAV per Share For the Month Ended Institutional Class Class S Class D June 30, 2022 $ 23.49 N/A N/A July 31, 2022 24.40 N/A N/A August 31, 2022 24.86 N/A N/A September 30, 2022 23.74 N/A N/A October 31, 2022 23.89 N/A N/A November 30, 2022 23.93 N/A N/A December 31, 2022 23.69 N/A N/A January 31, 2023 24.28 N/A N/A February 28, 2023 24.25 N/A N/A March 31, 2023 24.23 N/A N/A April 30, 2023 24.38 N/A N/A May 31, 2023 24.05 N/A N/A June 30, 2023 24.49 N/A N/A |
Dividends Declared [Table Text Block] | 7. Stockholders’ Equity and Dividends (Continued) The following table summarizes the Fund's dividends declared for the six months ended June 30, 2023. There were no dividends declared for the period from March 18, 2022 (Inception) to June 30, 2022. Institutional Class Date Declared Record Date Payment Date Type Amount Per Share Total Amount January 30, 2023 January 30, 2023 February 27, 2023 Regular $ 0.17 $ 890,298 February 15, 2023 February 22, 2023 March 27, 2023 Regular 0.18 1,012,545 March 24, 2023 March 29, 2023 April 26, 2023 Regular 0.20 1,181,081 April 25, 2023 April 27, 2023 May 26, 2023 Regular 0.21 1,304,322 May 26, 2023 May 30, 2023 June 27, 2023 Regular 0.21 1,340,292 June 30, 2023 June 30, 2023 July 26, 2023 Regular 0.21 1,379,449 $ 1.18 $ 7,107,987 |
Share Repurchase Program (Table
Share Repurchase Program (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
Schedule of Fund Repurchases | The following table presents information with respect to the Fund's repurchases during the three months ended June 30, 2023: Repurchase deadline request Number of Shares Repurchased Percentage of Outstanding Shares Repurchased (1) Price Paid Per Share Repurcahse Pricing Date Amount Repurchased (2) Maximum number of shares that may yet be repurchased (3) May 31, 2023 — — N/A N/A — — ______________________ (1) Percentage is based on total shares as of the close of the previous calendar quarter. (2) All repurchase requestes were satisfied in full. Net of Early Repurchase Deduction (if any). |
Financial Highlights (Tables)
Financial Highlights (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Investment Company [Abstract] | |
Schedule of Financial Highlights | Six Months Ended June 30, For the Period from March 18, 2022 (Inception) to June 30, 2023 2022 Per Common Share Per share NAV at beginning of period $ 23.69 $ 25.00 Investment operations: (1) Net investment income 1.47 0.01 Net realized and unrealized gain (loss) 0.51 ( 1.52 ) Total from investment operations 1.98 ( 1.51 ) Dividends to common shareholders ( 1.18 ) — Per share NAV at end of period $ 24.49 $ 23.49 Total return based on net asset value: (2) 8.36 % ( 6.04 )% Shares outstanding at end of period 6,568,807 2,000,000 Ratios to average net asset value: (3) Net investment income (4) 12.52 % 0.19 % Expenses before incentive fee (5) 6.50 % 1.31 % Expenses and incentive fee (6) 6.50 % 1.31 % Ending net asset value $ 160,840,538 $ 46,972,811 Portfolio turnover rate 13.46 % 0.02 % Weighted-average debt outstanding $ 92,447,514 N/A Weighted-average interest rate on debt 6.59 % N/A Weighted-average number of common shares 5,989,898 2,000,000 Weighted-average debt per share $ 14.07 N/A (1) Per share changes in net asset value are computed based on the actual number of shares outstanding during the time such activity occurred. (2) Not annualized for periods less than one year. Total return based on net asset value equals the change in net asset value per share during the period plus declared dividends per share during the period, divided by the beginning net asset value per share at the beginning of the period. (3) Annualized for periods less than one year except for incentive fees and other certain non-recurring expenses, excluding the effect of management fee and incentive fee waivers by the Adviser which represented 2.18 % of average net assets. (4) Net of incentive fees and excise taxes. (5) Includes interest and other debt costs but excludes excise taxes. (6) Includes incentive fees and all Fund expenses including interest and other debt costs but excludes excise taxes. |
Senior Securities (Tables)
Senior Securities (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
Summary of Senior Securities | Information about the Fund's senior securities is shown in the following table as of the end of last fiscal year and the period ended June 30, 2023. Class and Year Total Amount (1) Asset (2) Involuntary (3) Average (4) Credit Facility As of June 30, 2023 (Unaudited) 99,000,000 $ 2,603 — N/A Fiscal Year 2022 95,000,000 2,225 — N/A (1) Total amount of each class of senior securities outstanding at the end of the period presented. (2) The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. The asset coverage ratio with respect to indebtedness is multiplied by $ 1,000 to determine the Asset Coverage Per Unit. (3) The amount to which such class of senior security would be entitled upon the voluntary liquidation of the issuer in preference to any security junior to it. The “—” in this column indicates that the SEC expressly does not require this information to be disclosed for certain types of senior securities. (4) The Fund's senior securities are not registered for public trading. |
Organization and Basis of Pre_2
Organization and Basis of Presentation - Additional Information (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Mar. 31, 2022 | Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Net investment income before taxes | $ 4,893,298 | $ 3,888,807 | $ 25,957 | $ 8,782,105 | $ 25,957 | |
Minimum | ||||||
EBITDA | 10,000,000 | |||||
Net investment income before taxes | 50,000,000 | |||||
Maximum | ||||||
EBITDA | 250,000,000 | |||||
Net investment income before taxes | $ 2,500,000,000 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | |
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ||
Cash and cash equivalents | $ 15,333,805 | $ 17,633,729 |
Restricted investments | 0 | 0 |
Foreign currency investments hold | 0 | |
Organizational and offering expenses | $ 811,708 | |
Percentage of annual operating expenses exceeded value of fund net assets | 1.25% | |
Percentage of annual operating expenses not exceeded value of fund net assets | 1.25% | |
Nondeductible federal exercise tax on undistributed income | 4% | |
Percentage of ordinary income | 98% | |
Percentage of capital gain net income | 98.20% | |
Capital gain term | 1 year | |
Change in accounting principle, accounting standards update, adopted | true | |
Change in accounting principle, accounting standards update, adoption date | Dec. 31, 2022 | |
JPMorgan U.S. Treasury Plus Money Market Fund | ||
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ||
Cash and cash equivalents | $ 13,096,020 | $ 11,024,422 |
Percentage of cash and cash equivalents net assets held | 8.10% | 9.40% |
Yield percentage of cash equivalents investment | 4.94% | 4.94% |
Maximum | ||
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ||
Percentage of aggregate capitalization of fund | 5% | |
Percentage of aggregate fair value of total assets | 5% | |
Maximum | Level 3 | ||
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ||
Valuation technique relative weight range | 100% | |
Minimum | ||
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ||
Percentage of aggregate fair value of fund assets | 5% | |
Minimum | Level 3 | ||
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ||
Valuation technique relative weight range | 0% |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Schedule of Investments (Details) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value | $ 249,069,857 | $ 207,554,379 |
Bank Debt | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value | 249,069,857 | 207,554,379 |
Quoted Prices in Active Markets for Identical Assets | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value | 0 | 0 |
Quoted Prices in Active Markets for Identical Assets | Bank Debt | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value | 0 | 0 |
Other Direct and Indirect Observable Market Inputs | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value | 121,757,700 | 130,768,540 |
Other Direct and Indirect Observable Market Inputs | Bank Debt | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value | 121,757,700 | 130,768,540 |
Valuation Sources that Employ Significant Unobservable Inputs | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value | 127,312,157 | 76,785,839 |
Valuation Sources that Employ Significant Unobservable Inputs | Bank Debt | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value | $ 127,312,157 | $ 76,785,839 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Schedule of Unobservable Inputs Used in Fair Value Measurement of Level 3 Investments (Details) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Investments, Fair Value | $ 249,069,857 | $ 207,554,379 |
Bank Debt | ||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Investments, Fair Value | 249,069,857 | 207,554,379 |
Level 3 | ||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Investments, Fair Value | $ 127,312,157 | 76,785,839 |
Level 3 | Minimum | ||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Weighted Average Range | 0% | |
Level 3 | Maximum | ||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Weighted Average Range | 100% | |
Level 3 | Bank Debt | ||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Investments, Fair Value | $ 127,312,157 | 76,785,839 |
Level 3 | Bank Debt | Income Approach | Discount Rate | ||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Investments, Fair Value | $ 96,907,466 | $ 65,553,615 |
Concluded Value | 11.90% | 11.70% |
Level 3 | Bank Debt | Income Approach | Discount Rate | Minimum | ||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Weighted Average Range | 11.40% | 11.30% |
Level 3 | Bank Debt | Income Approach | Discount Rate | Maximum | ||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Weighted Average Range | 12.20% | 12% |
Level 3 | Bank Debt | Market Quotations | Indicative Bid/Ask Quotes | ||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Investments, Fair Value | $ 30,404,691 | $ 11,232,224 |
Weighted Average Range | 1 | 1 |
Concluded Value | 1 | 1 |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies - Schedule of Change in Value of Investment Over Change in Unobservable Input (Details) | 6 Months Ended |
Jun. 30, 2023 | |
Discount Rate | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
Impact to Value if Input Increases | Decrease |
Impact to Value if Input Decreases | Increase |
Revenue Multiple | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
Impact to Value if Input Increases | Increase |
Impact to Value if Input Decreases | Decrease |
EBITDA Multiples | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
Impact to Value if Input Increases | Increase |
Impact to Value if Input Decreases | Decrease |
Book Value Multiples | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
Impact to Value if Input Increases | Increase |
Impact to Value if Input Decreases | Decrease |
Implied Volatility | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
Impact to Value if Input Increases | Increase |
Impact to Value if Input Decreases | Decrease |
Term | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
Impact to Value if Input Increases | Increase |
Impact to Value if Input Decreases | Decrease |
Yield | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
Impact to Value if Input Increases | Increase |
Impact to Value if Input Decreases | Decrease |
Summary of Significant Accoun_8
Summary of Significant Accounting Policies - Schedule of Changes in Investments Categorized as Level 3 (Details) - Level 3 - USD ($) | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | |
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | |||
Beginning balance | $ 107,279,231 | $ 0 | $ 76,785,839 |
Net realized and unrealized gains (losses) | $ 826,650 | $ (166,942) | $ 1,315,431 |
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Gain (Loss) on Investments | Gain (Loss) on Investments | Gain (Loss) on Investments |
Acquisitions | $ 23,633,028 | $ 11,878,448 | $ 50,767,725 |
Dispositions | (3,402,375) | 0 | (3,746,000) |
Transfers into Level 3 | 780,512 | 4,260,887 | |
Transfers out of Level 3 | (1,804,889) | (2,071,725) | |
Ending balance | 127,312,157 | 11,711,506 | 127,312,157 |
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses, above) | $ 826,650 | $ (166,942) | $ 1,283,123 |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Unrealized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax | Unrealized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax | Unrealized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax |
Bank Debt | |||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | |||
Beginning balance | $ 107,279,231 | $ 0 | $ 76,785,839 |
Net realized and unrealized gains (losses) | $ 826,650 | $ (166,942) | $ 1,315,431 |
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Gain (Loss) on Investments | Gain (Loss) on Investments | Gain (Loss) on Investments |
Acquisitions | $ 23,633,028 | $ 11,878,448 | $ 50,767,725 |
Dispositions | (3,402,375) | 0 | (3,746,000) |
Transfers into Level 3 | 780,512 | 4,260,887 | |
Transfers out of Level 3 | (1,804,889) | (2,071,725) | |
Ending balance | 127,312,157 | 11,711,506 | 127,312,157 |
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses, above) | $ 826,650 | $ (166,942) | $ 1,283,123 |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Unrealized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax | Unrealized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax |
Summary of Significant Accoun_9
Summary of Significant Accounting Policies - Summary of Gross Unrealized Appreciation and Depreciation Based on Cost of Investments for U.S. Federal Income Tax Purposes (Details) | Dec. 31, 2022 USD ($) |
Schedule of Investments [Abstract] | |
Tax basis of investments | $ 210,903,951 |
Unrealized appreciation | 833,360 |
Unrealized depreciation | (4,182,932) |
Net unrealized appreciation (depreciation) | $ (3,349,572) |
Management Fees, Incentive Fe_2
Management Fees, Incentive Fees and Other Expenses - Additional Information (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 15 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | |
Management Fees Incentive Fees And Other Expenses [Line Items] | ||||||
Management fee, annual rate on net assets | 1.25% | |||||
Management fee waived | $ 466,719 | $ 0 | $ 863,876 | $ 0 | $ 1,405,358 | |
Percentage of total return hurdle on daily weighted average unreturned capital contributions | 5% | |||||
Percentage of aggregate net investment income before incentive compensation earned for most recent calendar quarter | 12.50% | |||||
Percentage of aggregate net investment income before incentive compensation earned in excess of hurdle rate | 100% | |||||
Percentage of annualized total return | 5.71% | |||||
Percentage of net investment income before incentive compensation earned in excess of this total return | 12.50% | |||||
Percentage of aggregate realized capital gains for most recent calendar quarter | 12.50% | |||||
Percentage of annual total return on daily weighted average unreturned contributed capital contributions | 5% | |||||
Incentive income waived | $ 611,662 | $ 0 | $ 0 | $ 1,575,589 | $ 1,575,589 | |
Maximum | ||||||
Management Fees Incentive Fees And Other Expenses [Line Items] | ||||||
Percentage of daily weighted average unreturned capital contributions | 5.71% |
Debt - Additional Information (
Debt - Additional Information (Details) - USD ($) | 6 Months Ended | |
Jun. 03, 2022 | Jun. 30, 2023 | |
Debt Instrument [Line Items] | ||
Weighted average interest rate on debt | 6.59% | |
Revolving Credit Facility and Term Loan Facility | PNC Bank, National Association | ||
Debt Instrument [Line Items] | ||
Credit facility, maximum borrowing capacity | $ 200,000,000 | |
Credit facility maturity date | Jun. 03, 2032 | |
Credit facility, outstanding amount | $ 99 | |
Weighted average interest rate on debt | 6.82% | |
Description of Variable Rate Basis | The Credit Facility matures on June 3, 2032 and generally bears interest at three-month Term SOFR, plus (a) 1.55% if the aggregate balance of Middle Market Loans is less than or equal to 25%, (b) 1.65% if the aggregate balance of Middle Market Loans is above 25% and less than or equal to 50%, (c) 1.80% if the aggregate balance of Middle Market Loans is above 50% and less than or equal to 75%, or (d) 1.90% if the aggregate balance of Middle Market Loans is above 75%. | |
Revolving Credit Facility and Term Loan Facility | PNC Bank, National Association | Minimum | ||
Debt Instrument [Line Items] | ||
Line of credit facility unused portion of commitment fee percentage | 0.35% | |
Revolving Credit Facility and Term Loan Facility | PNC Bank, National Association | Maximum | ||
Debt Instrument [Line Items] | ||
Line of credit facility unused portion of commitment fee percentage | 0.50% | |
Aggregate Balance of Middle Market Loans Less than or Equal to 25% | Revolving Credit Facility and Term Loan Facility | PNC Bank, National Association | SOFR | ||
Debt Instrument [Line Items] | ||
Debt instrument, basis spread on variable rate | 1.55% | |
Aggregate Balance of Middle Market Loans Above 25% and Less than or Equal to 50% | Revolving Credit Facility and Term Loan Facility | PNC Bank, National Association | SOFR | ||
Debt Instrument [Line Items] | ||
Debt instrument, basis spread on variable rate | 1.65% | |
Aggregate Balance of Middle Market Loans Above 50% and Less than or Equal to 75% | Revolving Credit Facility and Term Loan Facility | PNC Bank, National Association | SOFR | ||
Debt Instrument [Line Items] | ||
Debt instrument, basis spread on variable rate | 1.80% | |
Aggregate Balance of Middle Market Loans Above 75% | Revolving Credit Facility and Term Loan Facility | PNC Bank, National Association | SOFR | ||
Debt Instrument [Line Items] | ||
Debt instrument, basis spread on variable rate | 1.90% |
Debt - Schedule of Total Expens
Debt - Schedule of Total Expenses Related to Debt (Details) - USD ($) | 3 Months Ended | 6 Months Ended |
Jun. 30, 2022 | Jun. 30, 2023 | |
Debt Disclosure [Abstract] | ||
Interest expense | $ 0 | $ 3,019,907 |
Amortization of deferred debt issuance costs | 13,960 | 94,278 |
Commitment fees | 0 | 270,417 |
Total | $ 13,960 | $ 3,384,602 |
Other Related Party Transacti_2
Other Related Party Transactions - Additional Information (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Related Party Transactions [Abstract] | ||||||
Percentage of annual operating expenses not exceeded value of fund net assets | 1.25% | 1.25% | ||||
Reimbursements due to the Investment Adviser | $ 108,675 | $ 108,675 | $ 48,566 | |||
Administrative services expenses | $ 286,708 | $ 52,604 | $ 52,604 | $ 576,255 | $ 52,604 |
Stockholders' Equity and Divi_3
Stockholders' Equity and Dividends - Additional Information (Details) - $ / shares | Jun. 30, 2023 | Dec. 31, 2022 |
Class Of Stock [Line Items] | ||
Preferred stock, par value | $ 0.001 | |
Shares issued | 6,568,807 | 4,968,576 |
Shares outstanding | 6,568,807 | 4,968,576 |
Common Stock | ||
Class Of Stock [Line Items] | ||
Common stock, shares authorized | 2,500,000,000 | |
Purchase price, per share | $ 25 | |
Class S | ||
Class Of Stock [Line Items] | ||
Shares outstanding | 0 | |
Class D | ||
Class Of Stock [Line Items] | ||
Shares outstanding | 0 | |
Institutional Class | ||
Class Of Stock [Line Items] | ||
Shares issued | 6,568,807 | |
Shares outstanding | 6,568,807 |
Stockholders' Equity and Divi_4
Stockholders' Equity and Dividends - Schedule of Transactions in Common Shares (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2023 | |
Class of Stock [Line Items] | |||
Distributions reinvested, Amount | $ 3,512,048 | $ 3,197,723 | |
Institutional Class | |||
Class of Stock [Line Items] | |||
Subscriptions, Shares | 1,322,013 | ||
Subscriptions, Amount | $ 31,935,992 | $ 31,935,992 | |
Distributions reinvested, Shares | 278,218 | ||
Distributions reinvested, Amount | $ 6,709,771 | ||
Net Increase (Decrease), Shares | 1,600,231 | ||
Net Increase (Decrease), Amount | $ 38,645,763 |
Stockholders' Equity and Divi_5
Stockholders' Equity and Dividends - Schedule of Net Asset Value Per Share (Details) - $ / shares | Jun. 30, 2023 | May 31, 2023 | Apr. 30, 2023 | Mar. 31, 2023 | Feb. 28, 2023 | Jan. 31, 2023 | Dec. 31, 2022 | Nov. 30, 2022 | Oct. 31, 2022 | Sep. 30, 2022 | Aug. 31, 2022 | Jul. 31, 2022 | Jun. 30, 2022 | Mar. 18, 2022 |
Class of Stock [Line Items] | ||||||||||||||
Net asset value per share | $ 24.49 | $ 23.69 | $ 23.49 | $ 25 | ||||||||||
Institutional Class | ||||||||||||||
Class of Stock [Line Items] | ||||||||||||||
Net asset value per share | $ 24.49 | $ 24.05 | $ 24.38 | $ 24.23 | $ 24.25 | $ 24.28 | $ 23.69 | $ 23.93 | $ 23.89 | $ 23.74 | $ 24.86 | $ 24.4 | $ 23.49 |
Stockholders' Equity and Divi_6
Stockholders' Equity and Dividends - Schedule of Declared Dividends to Common Stockholders (Details) - Institutional Class | 6 Months Ended |
Jun. 30, 2023 USD ($) $ / shares | |
Class Of Stock [Line Items] | |
Dividend payable amount per share | $ / shares | $ 1.18 |
Total Amount | $ | $ 7,107,987 |
January 30, 2023 | |
Class Of Stock [Line Items] | |
Dividend payable declared date | Jan. 30, 2023 |
Dividend payable record date | Jan. 30, 2023 |
Dividend payable date | Feb. 27, 2023 |
Dividends Payable, Nature | Regular |
Dividend payable amount per share | $ / shares | $ 0.17 |
Total Amount | $ | $ 890,298 |
February 15, 2023 | |
Class Of Stock [Line Items] | |
Dividend payable declared date | Feb. 15, 2023 |
Dividend payable record date | Feb. 22, 2023 |
Dividend payable date | Mar. 27, 2023 |
Dividends Payable, Nature | Regular |
Dividend payable amount per share | $ / shares | $ 0.18 |
Total Amount | $ | $ 1,012,545 |
March 24, 2023 | |
Class Of Stock [Line Items] | |
Dividend payable declared date | Mar. 24, 2023 |
Dividend payable record date | Mar. 29, 2023 |
Dividend payable date | Apr. 26, 2023 |
Dividends Payable, Nature | Regular |
Dividend payable amount per share | $ / shares | $ 0.2 |
Total Amount | $ | $ 1,181,081 |
April 25, 2023 | |
Class Of Stock [Line Items] | |
Dividend payable declared date | Apr. 25, 2023 |
Dividend payable record date | Apr. 27, 2023 |
Dividend payable date | May 26, 2023 |
Dividends Payable, Nature | Regular |
Dividend payable amount per share | $ / shares | $ 0.21 |
Total Amount | $ | $ 1,304,322 |
May 26, 2023 | |
Class Of Stock [Line Items] | |
Dividend payable declared date | May 26, 2023 |
Dividend payable record date | May 30, 2023 |
Dividend payable date | Jun. 27, 2023 |
Dividends Payable, Nature | Regular |
Dividend payable amount per share | $ / shares | $ 0.21 |
Total Amount | $ | $ 1,340,292 |
June 30, 2023 | |
Class Of Stock [Line Items] | |
Dividend payable declared date | Jun. 30, 2023 |
Dividend payable record date | Jun. 30, 2023 |
Dividend payable date | Jul. 26, 2023 |
Dividends Payable, Nature | Regular |
Dividend payable amount per share | $ / shares | $ 0.21 |
Total Amount | $ | $ 1,379,449 |
Commitments and Contingencies -
Commitments and Contingencies - Schedule of Certain Revolving Loan Facilities and Other Commitments with Unfunded Balances (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | |
Debt Instrument [Line Items] | ||
Unfunded Balances | $ 22,698,743 | $ 14,589,371 |
Accordion Partners LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 29, 2029 | |
Unfunded Balances | $ 4,821,811 | 624,447 |
Accordion Partners LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 31, 2028 | |
Unfunded Balances | $ 277,532 | 277,532 |
Alcami Corporation | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Dec. 21, 2028 | |
Unfunded Balances | $ 83,235 | 83,235 |
Alcami Corporation | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Dec. 21, 2028 | |
Unfunded Balances | $ 133,176 | 133,176 |
Alera Group, Inc. | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Sep. 30, 2028 | |
Unfunded Balances | $ 112,523 | 244,494 |
AmeriLife Holdings, LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 31, 2029 | |
Unfunded Balances | $ 251,663 | 251,663 |
AmeriLife Holdings, LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 31, 2028 | |
Unfunded Balances | $ 314,579 | 377,494 |
Athenahealth Group Inc. | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Feb. 15, 2029 | |
Unfunded Balances | $ 109,783 | 109,783 |
Avalara, Inc. | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Oct. 19, 2028 | |
Unfunded Balances | $ 377,651 | 377,651 |
Bynder Bidco B.V. (Netherlands) | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Jan. 26, 2029 | |
Unfunded Balances | $ 171,174 | |
Bynder Bidco B.V. (Netherlands) | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Jan. 26, 2029 | |
Unfunded Balances | $ 47,160 | |
Cherry Bekaert Advisory LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Jun. 30, 2028 | |
Unfunded Balances | $ 499,136 | 499,136 |
Cherry Bekaert Advisory LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Jun. 30, 2028 | |
Unfunded Balances | $ 313,078 | 313,078 |
Disco Parent, Inc. (Duck Creek Technologies) | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Mar. 30, 2029 | |
Unfunded Balances | $ 232,723 | |
Freedom Financial Network Funding, LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Sep. 21, 2027 | |
Unfunded Balances | 891,790 | |
Fusion Holding Corp. (Finalsite) | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Sep. 15, 2027 | |
Unfunded Balances | $ 371,133 | 371,133 |
Fusion Risk Management, Inc. | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | May 22, 2029 | |
Unfunded Balances | $ 457,601 | |
Fusion Risk Management, Inc. | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 30, 2028 | |
Unfunded Balances | 313,806 | |
Galway Borrower LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Sep. 29, 2028 | |
Unfunded Balances | $ 5,400,000 | |
GC Champion Acquisition LLC (Numerix) | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 21, 2028 | |
Unfunded Balances | 654,568 | |
GTY Technology Holdings Inc. | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Jul. 09, 2029 | |
Unfunded Balances | $ 264,374 | 264,374 |
ImageFirst Holdings, LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Apr. 27, 2028 | |
Unfunded Balances | $ 228,309 | |
Integrity Marketing Acquisition, LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 27, 2025 | |
Unfunded Balances | $ 3,257,671 | 2,989,762 |
Integrity Marketing Acquisition, LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 27, 2025 | |
Unfunded Balances | $ 1,339,544 | |
LJ Avalon Holdings, LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Feb. 01, 2030 | |
Unfunded Balances | $ 307,668 | |
LJ Avalon Holdings, LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Feb. 01, 2029 | |
Unfunded Balances | $ 123,067 | |
Lucky US BuyerCo LLC (Global Payments) | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Mar. 30, 2029 | |
Unfunded Balances | $ 409,549 | |
Madison Logic Holdings, Inc. | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Dec. 30, 2027 | |
Unfunded Balances | $ 163,029 | 163,029 |
Opco Borrower, LLC (Giving Home Health Care) | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 19, 2027 | |
Unfunded Balances | $ 193,180 | 154,544 |
Oranje Holdco, Inc. (KnowBe4) | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Feb. 01, 2029 | |
Unfunded Balances | $ 180,686 | |
Pueblo Mechanical and Controls, LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 23, 2028 | |
Unfunded Balances | $ 211,418 | 626,684 |
Pueblo Mechanical and Controls, LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 23, 2027 | |
Unfunded Balances | $ 142,291 | 237,151 |
Serrano Parent, LLC (Sumo Logic) | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | May 13, 2030 | |
Unfunded Balances | $ 409,922 | |
Showtime Acquisition, L.L.C. (World Choice) | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 07, 2028 | |
Unfunded Balances | $ 197,914 | |
Showtime Acquisition, L.L.C. (World Choice) | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 07, 2028 | |
Unfunded Balances | $ 158,331 | |
Streamland Media Midco LLC | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Aug. 31, 2023 | |
Unfunded Balances | 1,125,859 | |
Vensure Employer Services, Inc. | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Mar. 26, 2027 | |
Unfunded Balances | $ 275,331 | 2,642,481 |
Zendesk, Inc. | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Nov. 22, 2028 | |
Unfunded Balances | $ 610,938 | 610,938 |
Zendesk, Inc. | ||
Debt Instrument [Line Items] | ||
Debt instrument, maturity date | Nov. 22, 2028 | |
Unfunded Balances | $ 251,563 | $ 251,563 |
Share Repurchase Program - Addi
Share Repurchase Program - Additional Information (Details) | 6 Months Ended |
Jun. 30, 2023 shares | |
Equity [Abstract] | |
Share repurchase program, maximum share repurchase percentage | 5% |
Share repurchase program, maximum liquid assets percentage | 25% |
Share Repurchase Program Early Repurchase Deduction Percentage | 98% |
Number of shares repurchased | 0 |
Share Repurchase Program - Sche
Share Repurchase Program - Schedule of Fund Repurchases (Details) | 6 Months Ended |
Jun. 30, 2023 shares | |
Equity [Abstract] | |
Repurchase deadline request | May 31, 2023 |
Number of shares repurchased | 0 |
Financial Highlights - Schedule
Financial Highlights - Schedule of Financial Highlights (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Investment Company [Abstract] | |||||
Net Asset Value Per Share, Beginning Balance | $ 25 | $ 23.69 | |||
Investment Operations: | |||||
Net investment income | 0.01 | 1.47 | |||
Net realized and unrealized gain (loss) | (1.52) | 0.51 | |||
Total from investment operations | (1.51) | 1.98 | |||
Dividends to common shareholders | 0 | (1.18) | |||
Net Asset Value Per Share, Ending Balance | $ 24.49 | $ 23.49 | $ 23.49 | $ 24.49 | $ 23.49 |
Total return based on net asset value | (6.04%) | 8.36% | |||
Ending balance, Shares | 6,568,807 | 2,000,000 | 2,000,000 | 6,568,807 | 2,000,000 |
Ratios to average net assets: | |||||
Net investment income | 0.19% | 12.52% | |||
Expenses before incentive fee | 1.31% | 6.50% | |||
Expenses and incentive fee | 1.31% | 6.50% | |||
Ending balance | $ 160,840,538 | $ 46,972,811 | $ 46,972,811 | $ 160,840,538 | $ 46,972,811 |
Portfolio turnover rate | 0.02% | 13.46% | |||
Weighted-average debt outstanding | $ 92,447,514 | ||||
Weighted-average interest rate on debt | 6.59% | 6.59% | |||
Weighted-average number of common shares | 6,387,347 | 2,000,000 | 2,000,000 | 5,989,898 | 2,000,000 |
Weighted-average debt per share | $ 14.07 |
Financial Highlights - Schedu_2
Financial Highlights - Schedule of Financial Highlights (Parenthetical) (Details) | 3 Months Ended |
Mar. 31, 2023 | |
Investment Company [Abstract] | |
Incentive fees and mangement fees based on income, percentage | 2.18% |
Senior Securities - Summary of
Senior Securities - Summary of Senior Securities (Details) - Credit Facility - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Debt Instrument [Line Items] | ||
Total Amount Outstanding | $ 99,000,000 | $ 95,000,000 |
Asset Coverage Per Unit | $ 2,603 | $ 2,225 |
Senior Securities - Summary o_2
Senior Securities - Summary of Senior Securities (Parenthetical) (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | |
Debt Instruments [Abstract] | ||
Debt instrument conversion multiples principal amount | $ 1,000 | $ 1,000 |
Asset coverage per unit calculation, description | The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. The asset coverage ratio with respect to indebtedness is multiplied by $1,000 to determine the Asset Coverage Per Unit. |
Subsequent Events - Additional
Subsequent Events - Additional Information (Details) - USD ($) | 6 Months Ended | |||||
Jul. 28, 2023 | Jul. 27, 2023 | Jul. 21, 2023 | Jun. 30, 2023 | Jul. 03, 2023 | Dec. 31, 2022 | |
Subsequent Event [Line Items] | ||||||
Common stock, par value | $ 0.001 | $ 0.001 | ||||
Stock Repurchase Program Expiration Date | May 31, 2023 | |||||
Subsequent Events | ||||||
Subsequent Event [Line Items] | ||||||
Additional subscriptions amount | $ 4,574,394 | $ 4,574,394 | ||||
Common stock, par value | $ 0.001 | |||||
Purchase price, per share | $ 24.49 | |||||
Shares issued | 186,786 | |||||
Dividend payable declared date | Jul. 27, 2023 | |||||
Dividend payable amount per share | $ 0.21 | |||||
Dividend payable date | Jul. 28, 2023 | |||||
Dividend payable record date | Aug. 28, 2023 | |||||
Stock Repurchase Program Commencement Date | Jul. 28, 2023 | |||||
Stock Repurchase Program Expiration Date | Aug. 31, 2023 | |||||
Repurchase valuation date | Sep. 30, 2023 | |||||
Subsequent Events | Maximum | ||||||
Subsequent Event [Line Items] | ||||||
Percentage of outstanding shares repurchased | 5% |