10-Q
Quarterly Report
AB Private Lending Fund
CIK: 1982701
File #: 814-01744
Balance Sheet
310 line items
XBRL
| Item | Sep 30, 2024 |
|---|---|
Assets | |
Investments, at fair value | |
Total investments, at fair value | 267,403,193 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Honor HN Buyer, Inc. | Health Care Providers & Services | Term Loan | 10.50% (S + 5.75%; 1.00% Floor) | 10/15/2027 | 1,054,220 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ping Identity Holding Corp. | Software | Term Loan | 9.35% (S + 4.75%; 0.75% Floor) | 10/17/2029 | 4,490,287 |
Aggregate Fair Value Securities | 2,557,629 |
Iodine Software, LLC - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | AAH Topco, LLC | Health Care Providers & Services | Delayed Draw Term Loan | 10.21% (S + 5.25%; 0.75% Floor) | 12/22/2027 | 2,846,006 |
U.S. Corporate Debt | 261,947,163 |
NET ASSETS — 100.00% | 111,319,545 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Greenhouse Software, Inc. | Professional Services | Term Loan | 10.85% (S + 6.25%; 1.00% Floor) | 9/1/2028 | 5,500,000 |
US Corporate Debt | 1st Lien/Senior Secured Debt | NMI AcquisitionCo, Inc. | Internet and Direct Marketing Retail | Term Loan | 9.94% (S + 5.00%; 0.75% Floor) | 9/6/2028 | Three | 1,289,313 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Towerco IV Holdings, LLC | Diversified Telecommunication Services | Delayed Draw Term Loan | 8.69% (S + 3.75%; 1.00% Floor) | 8/31/2028 | 6,077,111 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Greenlight Intermediate II, Inc. | Diversified Telecommunication Services | Delayed Draw Term Loan | 10.25% (S + 5.50%; 0.75% Floor) | 6/1/2028 | 3,063,189 |
Towerco IV Holdings, LLC - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | BV EMS Buyer, Inc. | Health Care Technology | Term Loan | 10.69% (S + 5.75%; 1.00% Floor) | 11/23/2027 | One | 1,290,678 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Sako and Partners Lower Holdings LLC | Real Estate Management & Development | Term Loan | 9.10% (S + 4.50%; 1.00% Floor) | 9/15/2028 | 4,393,780 |
Exterro, Inc. - Revolver - 1st Lien/Senior Secured Debt | 0 |
Cash | Total Cash | 2,317,980 |
MSP Global Holdings, Inc. - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | (1,670) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Community Based Care Acquisition, Inc. | Health Care Providers & Services | Delayed Draw Term Loan | 9.95% (S + 5.25%; 1.00% Floor) | 9/16/2027 | 809,182 |
US Corporate Debt | 1st Lien/Senior Secured Debt | GS AcquisitionCo, Inc. | Diversified Financial Services | Revolver | 9.85% (S + 5.25%; 1.00% Floor) | 5/25/2028 | 3,858 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ungerboeck Systems International, LLC | Leisure Products | Term Loan | 10.81% (S + 5.75%; 1.00% Floor) | 4/30/2027 | One | 38,756 |
Azurite Intermediate Holdings, Inc - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | (1,881) |
US Corporate Debt | 1st Lien/Senior Secured Debt | The Center for Orthopedic and Research Excellence, Inc. | Health Care Providers & Services | Term Loan | 11.51% (S + 6.25%; 1.00% Floor) | 8/15/2025 | 762,286 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Navigate360, LLC | Diversified Consumer Services | Term Loan | 10.94% (S + 6.00%; 1.00% Floor) | 3/17/2027 | One | 1,752,878 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Vehlo Purchaser, LLC | Automobiles | Term Loan | 10.50% (S + 5.25%; 0.75% Floor) | 5/24/2028 | 4,285,714 |
Vehlo Purchaser, LLC - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Admiral Buyer, Inc. | Diversified Financial Services | Delayed Draw Term Loan | 10.36% (S + 5.50%; 0.75% Floor) | 05/08/2028 | 29,168 |
GS AcquisitionCo, Inc. - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
Ungerboeck Systems International, LLC - Revolver - 1st Lien/Senior Secured Debt | (176) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Redwood Family Care Network, Inc. | Health Care Provider & Services | Delayed Draw Term Loan | 10.50% (S + 5.75%; 1.00% Floor) | 6/18/2026 | One | 1,223,287 |
Thrive Buyer, Inc. - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Fusion Holding, Corp. | Software | Term Loan | 11.09% (S + 6.25%; 0.75% Floor) | 9/14/2029 | 5,307,987 |
Canadian Corporate Debt | 1st Lien/Senior Secured Debt | Versaterm Public Safety Inc. | Commercial Services & Supplies | Delayed Term Loan | 11.44% (S + 6.50%; 1.00% Floor) | 12/4/2025 | 411,289 |
Admiral Buyer, Inc - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Vectra AI, Inc. | Software | Term Loan | 11.63% (S + 6.25%; 1.00% Floor) | 3/2/2028 | 2,294,357 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Mavenlink, Inc. | Professional Services | Revolver | (S; 1.44% Floor; 6.25% PIK) | 6/3/2027 | 204,749 |
LIABILITIES IN EXCESS OF OTHER ASSETS — (157.15%) | (174,940,242) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Soladoc, LLC | Health Care Equipment & Supplies | Term Loan | 10.41% (S + 5.00%; 0.75% Floor) | 6/12/2028 | 2,224,033 |
Cash Equivalents | US BANK MMDA GCTS | Money Market Portfolio | 15,145,571 |
Hirevue, Inc. - Revolver - 1st Lien/Senior Secured Debt | (4,008) |
US Corporate Debt | 1st Lien/Senior Secured Debt | GHA Buyer, Inc. | Health Care Technology | Term Loan | 10.10% (S + 5.50%; 1.00% Floor) | 6/24/2026 | Four | 142,845 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Medical Management Resource Group, L.L.C. | Health Care Providers & Services | Term Loan | 10.70% (S + 6.00%; 0.75% Floor) | 9/30/2027 | 1,022,800 |
US Corporate Debt | 1st Lien/Senior Secured Debt | NI Topco, Inc. | Diversified Telecommunication Services | Term Loan | 9.35% (S + 4.65%; 0.75% Floor) | 12/28/2028 | 3,270,466 |
US Corporate Debt | 1st Lien/Senior Secured Debt | The Center for Orthopedic and Research Excellence, Inc. | Health Care Providers & Services | Delayed Draw Term Loan | 11.65% (S + 6.25%; 1.00% Floor) | 8/15/2025 | 228,736 |
US Corporate Debt | 1st Lien/Senior Secured Debt | GHA Buyer, Inc. | Health Care Technology | Term Loan | 10.10% (S + 5.50%; 1.00% Floor) | 6/24/2026 | One | 85,479 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Priority OnDemand Midco 2, L.P. | Health Care Providers & Services | Delayed Draw Term Loan | 10.05% (S + 5.25%; 1.00% Floor) | 7/17/2028 | 50,217 |
US Corporate Debt | 1st Lien/Senior Secured Debt | LeadVenture, Inc. | Auto Components | Term Loan | 9.84% (S + 5.00%; 0.75% Floor) | 8/28/2026 | 4,828,097 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Nasuni Corporation | Software | Revolver | (S + 5.75%; 0.75% Floor) | 9/10/2030 | (4,737) |
US Corporate Debt | 1st Lien/Senior Secured Debt | EET Buyer, Inc. | Construction & Engineering | Term Loan | 10.05% (S + 5.00%; 0.75% Floor) | 11/8/2027 | One | 2,783,432 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ridge Trail US Bidco, Inc. | Capital Markets | Term Loan | 9.35% (S + 4.75%; 0.75% Floor) | 9/30/2031 | 767,124 |
US Corporate Debt | 1st Lien/Senior Secured Debt | MSP Global Holdings, Inc. | Technology Hardware, Storage & Peripherals | Revolver | 11.03% (S + 5.50%; 1.00% Floor) | 4/9/2029 | 121,733 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Azurite Intermediate Holdings, Inc. | Software | Term Loan | 11.34% (S + 6.50%; 0.75% Floor) | 3/19/2031 | 910,555 |
US Corporate Debt | 1st Lien/Senior Secured Debt | BSI2 Hold Nettle, LLC | Real Estate Management & Development | Term Loan | 10.26% (S + 5.00%; 0.75% Floor) | 6/30/2028 | 1,793,331 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Visionary Buyer, LLC | Diversified Telecommunication Services | Term Loan | 9.85% (S + 5.25%; 0.75% Floor) | 3/21/2031 | 1,719,537 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Wealth Enhancement Group, LLC | Diversified Financial Services | Delayed Draw Term Loan | 10.69% (S + 5.50%; 1.00% Floor) | 10/2/2027 | 527,527 |
U.S. Canadian Corporate Debt | 5,456,030 |
Nasuni Corporation - Revolver - 1st Lien/Senior Secured Debt | (4,737) |
Avalara, Inc. - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Datacor, Inc. | Chemicals | Term Loan | 10.84% (S + 6.00%; 1.00% Floor) | 3/13/2029 | 5,500,000 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Honor HN Buyer, Inc. | Health Care Providers & Services | Revolver | 12.75% (S + 5.75%; 1.00% Floor) | 10/15/2027 | 14,643 |
US Corporate Debt | 1st Lien/Senior Secured Debt | AmerCare Royal, LLC | Commercial Services & Supplies | Revolver | 11.36% (S + 5.00%; 1.00% Floor) | 9/10/2030 | 52,782 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Iodine Software, LLC | Health Care Technology | Delayed Draw Term Loan | 10.09% (S + 5.25%; 1.00% Floor) | 5/19/2027 | 3,055,723 |
US Corporate Debt | 1st Lien/Senior Secured Debt | GHA Buyer, Inc. | Health Care Technology | Term Loan | 10.10% (S + 5.50%; 1.00% Floor) | 6/24/2026 | Two | 757,923 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Bridgepointe Technologies, LLC | Technology Hardware, Storage & Peripherals | Term Loan | 9.60% (S + 5.00%; 1.00% Floor) | 12/31/2027 | 803,326 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Azurite Intermediate Holdings, Inc. | Software | Revolver | (S + 6.50%; 0.75% Floor) | 3/19/2031 | (3,345) |
US Corporate Debt | 1st Lien/Senior Secured Debt | LeadVenture, Inc. | Auto Components | Term Loan | 9.84% (S + 5.00%; 0.75% Floor) | 8/28/2026 | Two | 556,928 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Navigate360, LLC | Diversified Consumer Services | Delayed Draw Term Loan | 10.94% (S + 6.00%; 1.00% Floor) | 3/17/2027 | 755,086 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Community Based Care Acquisition, Inc. | Health Care Providers & Services | Delayed Draw Term Loan | 10.20% (S + 5.50%; 1.00% Floor) | 9/16/2027 | 1,076,788 |
Ridge Trail US Bidco, Inc - Revolver - 1st Lien/Senior Secured Debt | (1,141) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Visionary Buyer, LLC | Diversified Telecommunication Services | Revolver | (S + 5.25%; 0.75% Floor) | 3/21/2030 | (1,078) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Honor HN Buyer, Inc. | Health Care Providers & Services | Delayed Draw Term Loan | 10.50% (S + 5.75%; 1.00% Floor) | 10/15/2027 | 664,958 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Serrano Parent, LLC | Software | Revolver | (S + 6.50%; 1.00% Floor) | 5/13/2030 | (13,525) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Pace Health Companies, LLC | Health Care Providers & Services | Term Loan | 10.00% (S + 5.25%; 1.00% Floor) | 8/3/2026 | 2,789,998 |
Canadian Corporate Debt | 1st Lien/Senior Secured Debt | Versaterm Public Safety Inc. | Commercial Services & Supplies | Revolver | 13.50% (S + 6.50%; 1.00% Floor) | 12/4/2025 | 26,607 |
Wealth Enhancement Group, LLC - Revolver - 1st Lien/Senior Secured Debt | 0 |
U.S. S Corporate Debt | 2nd Lien/Junior Secured Debt | Symplr Software, Inc. | Software & Tech Services | Term Loan|13.22% (S + 7.87%; 0.75% Floor) | 12/22/2028 | 901,862 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ungerboeck Systems International, LLC | Leisure Products | Delayed Draw Term Loan | 10.81% (S + 5.75%; 1.00% Floor) | 4/30/2027 | One | 86,099 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Thrive Buyer, Inc. | Technology Hardware, Storage & Peripherals | Term Loan | 10.75% (S + 6.00%; 1.00% Floor) | 1/22/2027 | 1,464,308 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Sandstone Care Holdings, LLC | Health Care Provider & Services | Term Loan | 10.85% (S + 5.50%; 1.00% Floor) | 6/28/2028 | 1,631,057 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Zendesk, Inc. | Software | Term Loan | 9.69% (S + 5.00%; 0.75% Floor) | 11/22/2028 | 4,960,995 |
BSI2 Hold Nettle, LLC - Revolver - 1st Lien/Senior Secured Debt | (951) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Transtelco Holding, Inc. | Diversified Telecommunication Services | Term Loan | 10.61% (S + 5.75%; 0.50% Floor) | 3/26/2026 | 1,844,156 |
US Corporate Debt | 1st Lien/Senior Secured Debt | GHA Buyer, Inc. | Health Care Technology | Delayed Draw Term Loan | 10.10% (S + 5.50%; 1.00% Floor) | 6/24/2026 | 150,726 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Sandstone Care Holdings, LLC | Health Care Provider & Services | Revolver | 10.64% (S + 5.50%; 1.00% Floor) | 6/28/2028 | 292,005 |
U.S. Canada 1st Lien/Senior Secured Debt | 5,456,030 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Iodine Software, LLC | Health Care Technology | Term Loan | 10.09% (S + 5.25%; 1.00% Floor) | 5/19/2027 | 2,416,011 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Telesoft Holdings, LLC | Diversified Telecommunication Services | Term Loan | 10.69% (S + 5.75%; 1.00% Floor) | 12/16/2026 | 1,412,456 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Brightspot Buyer, Inc. | Media | Term Loan | 11.65% (S + 6.50%; 0.75% Floor) | 11/16/2027 | One | 1,679,421 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Sako and Partners Lower Holdings LLC | Real Estate Management & Development | Revolver | (S + 4.50%; 1.00% Floor) | 9/15/2028 | (1,873) |
US Corporate Debt | 1st Lien/Senior Secured Debt | NMI AcquisitionCo, Inc. | Internet and Direct Marketing Retail | Delayed Draw Term Loan | 9.94% (S + 5.00%; 0.75% Floor) | 9/6/2028 | 1,273,196 |
US Corporate Debt | 1st Lien/Senior Secured Debt | AmerCare Royal, LLC | Commercial Services & Supplies | Delayed Draw Term Loan | (S + 5.00%; 1.00% Floor) | 9/10/2030 | One | (805) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Admiral Buyer, Inc. | Diversified Financial Services | Delayed Draw Term Loan | 10.44% (S + 5.50%; 0.75% Floor) | 05/08/2028 | 202,008 |
US Corporate Debt | 1st Lien/Senior Secured Debt | MSP Global Holdings, Inc. | Technology Hardware, Storage & Peripherals | Delayed Draw Term Loan | (S + 5.50%; 1.00% Floor) | 4/9/2029 | (1,670) |
US Corporate Debt | 1st Lien/Senior Secured Debt | The Center for Orthopedic and Research Excellence, Inc. | Health Care Providers & Services | Delayed Draw Term Loan | 11.45% (S + 6.25%; 1.00% Floor) | 8/15/2025 | 406,298 |
US Corporate Debt | 1st Lien/Senior Secured Debt | BV EMS Buyer, Inc. | Health Care Technology | Revolver | 10.69% (S + 5.75%; 1.00% Floor) | 11/23/2027 | 64,544 |
US Corporate Debt | 1st Lien/Senior Secured Debt | REP TEC Intermediate Holdings, Inc. | Professional Services | Term Loan | 10.35% (S + 5.75%; 1.00% Floor) | 12/1/2027 | One | 5,415,842 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Bonterra LLC | Diversified Financial Services | Revolver | 11.63% (S + 7.00%; 0.75% Floor) | 9/8/2027 | 98,833 |
Demeter Merger Sub LLC - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ungerboeck Systems International, LLC | Leisure Products | Delayed Draw Term Loan | 10.81% (S + 5.75%; 1.00% Floor) | 4/30/2027 | Three | 122,880 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Greenlight Intermediate II, Inc. | Diversified Telecommunication Services | Term Loan | 10.25% (S + 5.50%; 0.75% Floor) | 6/1/2028 | 2,436,811 |
US Corporate Debt | 1st Lien/Senior Secured Debt | MSP Global Holdings, Inc. | Technology Hardware, Storage & Peripherals | Term Loan | 11.03% (S + 5.50%; 1.00% Floor) | 4/9/2029 | 1,596,190 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Medical Management Resource Group, L.L.C. | Health Care Providers & Services | Revolver | 10.74% (S + 6.00%; 0.75% Floor) | 9/30/2026 | 45,634 |
Navigate360, LLC - Revolver - 1st Lien/Senior Secured Debt | (3,251) |
US Corporate Debt | 1st Lien/Senior Secured Debt | NMI AcquisitionCo, Inc. | Internet and Direct Marketing Retail | Term Loan | 9.94% (S + 5.00%; 0.75% Floor) | 9/6/2028 | One | 356,444 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Foundation Risk Partners, Corp. | Insurance | Delayed Draw Term Loan | 9.85% (S + 5.25%; 0.75% Floor) | 10/29/2030 | One | 357,000 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Bridgepointe Technologies, LLC | Technology Hardware, Storage & Peripherals | Delayed Draw Term Loan | 9.60% (S + 5.00%; 1.00% Floor) | 12/31/2027 | Two | 703,988 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Pinnacle Treatment Centers, Inc. | Health Care Providers & Services | Term Loan | 10.55% (S + 5.50%; 1.00% Floor) | 1/4/2027 | One | 69,980 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Brightspot Buyer, Inc. | Media | Term Loan | 11.65% (S + 6.50%; 0.75% Floor) | 11/16/2027 | 340,154 |
Sauce Labs, Inc. - Revolver - 1st Lien/Senior Secured Debt | (12,507) |
Sandstone Care Holdings, LLC - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | (9,023) |
Foundation Risk Partners, Corp. - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Bonterra LLC | Diversified Financial Services | Term Loan | 12.18% (S + 7.00%; 0.75% Floor) | 9/8/2027 | 72,557 |
BV EMS Buyer, Inc. - Revolver - 1st Lien/Senior Secured Debt | 0 |
Avant Communications, LLC - Revolver - 1st Lien/Senior Secured Debt | 0 |
Visionary Buyer LLC - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | NC Topco, LLC | Banks | Delayed Draw Term Loan | (S + 2.50%; 0.75% Floor) | 8/29/2031 | (1,947) |
US Corporate Debt | 1st Lien/Senior Secured Debt | HireVue, Inc. | Diversified Financial Services | Revolver | 12.37% (S + 7.25%; 1.00% Floor) | 5/3/2029 | 213,427 |
Non-controlled/non-affiliated investments | 267,403,193 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Mavenlink, Inc. | Professional Services | Term Loan | (S; 1.45% Floor; 6.25% PIK) | 6/3/2027 | 2,567,061 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Veracross LLC | Diversified Consumer Services | Delayed Draw Term Loan | 11.44% (S + 2.00%; 1.00% Floor; 4.50% PIK) | 12/28/2027 | 632,079 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Salisbury House, LLC | Diversified Consumer Services | Term Loan | 11.15% (S + 5.75%; 1.00% Floor) | 2/27/2026 | 1,633,346 |
AAH Topco, LLC - Revolver - 1st Lien/Senior Secured Debt | (3,529) |
Honor HN Buyer, Inc - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | BV EMS Buyer, Inc. | Health Care Technology | Term Loan | 10.69% (S + 5.75%; 1.00% Floor) | 11/23/2027 | 965,740 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Transtelco Holding, Inc. | Diversified Telecommunication Services | Term Loan | 10.10% (S + 5.50%; 1.00% Floor) | 3/26/2026 | 2,162,496 |
NC Topco, LLC - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | (1,947) |
US Corporate Debt | 1st Lien/Senior Secured Debt | BusinesSolver.com, Inc. | Professional Services | Delayed Draw Term Loan | 10.20% (S + 5.50%; 0.75% Floor) | 12/01/2027 | 110,423 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Thrive Buyer, Inc. | Technology Hardware, Storage & Peripherals | Delayed Draw Term Loan | 10.75% (S + 6.00%; 1.00% Floor) | 1/22/2027 | 3,991,033 |
US Corporate Debt | 1st Lien/Senior Secured Debt | The Center for Orthopedic and Research Excellence, Inc. | Health Care Providers & Services | Term Loan | 11.65% (S + 6.25%; 1.00% Floor) | 8/15/2025 | 970,233 |
Revolver - 1st Lien/Senior Secured Debt | (121,041) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Foundation Risk Partners, Corp. | Insurance | Term Loan | 9.85% (S + 5.25%; 0.75% Floor) | 10/29/2030 | 4,128,670 |
US Corporate Debt | 1st Lien/Senior Secured Debt | AAH Topco, LLC | Health Care Providers & Services | Term Loan | 10.19% (S + 5.25%; 0.75% Floor) | 12/22/2027 | 2,557,629 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Foundation Risk Partners, Corp. | Insurance | Term Loan | 9.85% (S + 5.25%; 0.75% Floor) | 10/29/2030 | One | 88,339 |
NMI AcquisitionCo, Inc. - Revolver - 1st Lien/Senior Secured Debt | (2,468) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ridge Trail US Bidco, Inc. | Capital Markets | Delayed Draw Term Loan | (S + 4.75%; 0.75% Floor) | 9/30/2031 | (2,014) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Higginbotham Insurance Agency, Inc. | Insurance | Term Loan | 9.35% (S + 4.50%; 1.00% Floor) | 11/24/2028 | 4,881,407 |
US Corporate Debt | 1st Lien/Senior Secured Debt | GHA Buyer, Inc. | Health Care Technology | Term Loan | 10.10% (S + 5.50%; 1.00% Floor) | 6/24/2026 | 736,778 |
US Corporate Debt | 1st Lien/Senior Secured Debt | MBS Holdings, Inc. | Diversified Telecommunication Services | Term Loan | 10.59% (S + 5.75%; 1.00% Floor) | 4/16/2027 | 4,391,550 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Community Based Care Acquisition, Inc. | Health Care Providers & Services | Term Loan | 9.95% (S + 5.25%; 1.00% Floor) | 9/16/2027 | 2,118,178 |
U.S. 2nd Lien/Junior Secured Debt | 901,862 |
Ridge Trail US Bidco, Inc - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | (2,014) |
US Corporate Debt | 1st Lien/Senior Secured Debt | BusinesSolver.com, Inc. | Professional Services | Term Loan | 10.20% (S + 5.50%; 0.75% Floor) | 12/01/2027 | 3,090,801 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Pinnacle Treatment Centers, Inc. | Health Care Providers & Services | Term Loan | 10.55% (S + 5.50%; 1.00% Floor) | 1/4/2027 | 919,185 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Cerifi, LLC | Banks | Term Loan | 10.70% (S + 5.75%; 1.00% Floor) | 3/31/2028 | 2,560,633 |
US Corporate Debt | 1st Lien/Senior Secured Debt | MMP Intermediate, LLC | Hotels, Restaurants & Leisure | Term Loan | 11.20% (S + 6.25%; 1.00% Floor) | 2/15/2029 | 3,783,394 |
AmerCareRoyal, LLC Two - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | (805) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Mr. Greens Intermediate, LLC | Food & Staples Retailing | Term Loan | 11.46% (S + 6.25%; 1.00% Floor) | 5/1/2029 | 2,047,865 |
Cash Equivalents | STATE STREET INSTITUTIONAL US | Money Market Portfolio | 1,393,043 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Moon Buyer, Inc. | Software | Term Loan | 9.45% (S + 4.75%; 1.00% Floor) | 4/21/2027 | 2,870,915 |
EET Buyer, Inc. - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | NMI AcquisitionCo, Inc. | Internet and Direct Marketing Retail | Term Loan | 9.94% (S + 5.00%; 0.75% Floor) | 9/6/2028 | Two | 96,758 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Sako and Partners Lower Holdings LLC | Real Estate Management & Development | Delayed Draw Term Loan | 9.10% (S + 4.50%; 1.00% Floor) | 9/15/2028 | 1,051,036 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Vehlo Purchaser, LLC | Automobiles | Delayed Draw Term Loan | 10.53% (S + 5.25%; 0.75% Floor) | 5/24/2028 | 1,190,476 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Veracross LLC | Diversified Consumer Services | Revolver | 11.44% (S + 2.00%; 1.00% Floor; 4.50% PIK) | 12/28/2027 | 93,475 |
Visionary Buyer LLC - Revolver - 1st Lien/Senior Secured Debt | (1,077) |
Demeter Merger Sub LLC - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Navigate360, LLC | Diversified Consumer Services | Term Loan | 10.94% (S + 6.00%; 1.00% Floor) | 3/17/2027 | 311,328 |
US Corporate Debt | 1st Lien/Senior Secured Debt | BSI2 Hold Nettle, LLC | Real Estate Management & Development | Revolver | 10.09% (S + 5.00%; 0.75% Floor) | 6/30/2028 | 101,983 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Bridgepointe Technologies, LLC | Technology Hardware, Storage & Peripherals | Delayed Draw Term Loan | 9.60% (S + 5.00%; 1.00% Floor) | 12/31/2027 | 1,806,601 |
US Corporate Debt | 1st Lien/Senior Secured Debt | NI Topco, Inc. | Diversified Telecommunication Services | Term Loan | 9.45% (S + 4.65%; 0.75% Floor) | 12/28/2028 | 473,097 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Exterro, Inc. | Software | Term Loan | 10.66% (S + 5.50%; 1.00% Floor) | 6/1/2027 | 3,635,986 |
Veracross LLC - Revolver - 1st Lien/Senior Secured Debt | (2,221) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Azurite Intermediate Holdings, Inc. | Software | Delayed Draw Term Loan | 11.34% (S + 6.50%; 0.75% Floor) | 3/19/2031 | 1,332,596 |
Datacor, Inc. - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
Priority Ondemand Midco 2,L.P - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Sauce Labs Inc | Software | Term Loan | 11.35% (S + 5.50%; 1.00% Floor; 0.50% PIK) | 8/16/2027 | 2,837,143 |
Admiral Buyer, Inc - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ungerboeck Systems International, LLC | Leisure Products | Delayed Draw Term Loan | 10.81% (S + 5.75%; 1.00% Floor) | 4/30/2027 | Two | 181,431 |
Honor HN Buyer, Inc - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ampler QSR Holdings LLC | Hotels, Restaurants & Leisure | Term Loan | 10.99% (S + 6.00%; 1.00% Floor) | 7/21/2027 | 4,733,231 |
Brightspot Buyer, Inc - Revolver - 1st Lien/Senior Secured Debt | (3,025) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Bridgepointe Technologies, LLC | Technology Hardware, Storage & Peripherals | Delayed Draw Term Loan | 9.60% (S + 5.00%; 1.00% Floor) | 12/31/2027 | One | 917,391 |
Cash | US Dollar | USD | 2,317,980 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Visionary Buyer, LLC | Diversified Telecommunication Services | Delayed Draw Term Loan | 10.35% (S + 5.25%; 0.75% Floor) | 3/21/2031 | 287,308 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Nasuni Corporation | Software | Term Loan | 10.68% (S + 5.75%; 4.93% Floor) | 9/10/2030 | 1,493,100 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Navigate360, LLC | Diversified Consumer Services | Revolver | (S + 6.00%; 1.00% Floor) | 3/17/2027 | (3,251) |
Telcor Buyer, Inc. - Revolver - 1st Lien/Senior Secured Debt | 0 |
Cash Equivalents | Total Cash Equivalents | 16,538,614 |
MSP Global Holdings, Inc. - Revolver - 1st Lien/Senior Secured Debt | (3,123) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Pinnacle Treatment Centers, Inc. | Health Care Providers & Services | Term Loan | 10.55% (S + 5.50%; 1.00% Floor) | 1/4/2027 | Two | 37,144 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Navigate360, LLC | Diversified Consumer Services | Delayed Draw Term Loan | (S + 6.00%; 1.00% Floor) | 3/17/2027 | (2,992) |
Zendesk, Inc. - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Priority OnDemand Midco 2, L.P. | Health Care Providers & Services | Term Loan | 10.05% (S + 5.25%; 1.00% Floor) | 7/17/2028 | 3,187,522 |
Mavenlink, Inc. - Revolver - 1st Lien/Senior Secured Debt | (1,117) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Foundation Risk Partners, Corp. | Insurance | Delayed Draw Term Loan | 9.85% (S + 5.25%; 0.75% Floor) | 10/29/2030 | 897,951 |
AmerCareRoyal, LLC One - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Honor HN Buyer, Inc. | Health Care Providers & Services | Delayed Draw Term Loan | 10.50% (S + 5.75%; 1.00% Floor) | 10/15/2027 | One | 736,088 |
US Corporate Debt | 1st Lien/Senior Secured Debt | MSP Global Holdings, Inc. | Technology Hardware, Storage & Peripherals | Term Loan | 11.07% (S + 5.50%; 1.00% Floor) | 4/9/2029 | 3,303,287 |
US Corporate Debt | 1st Lien/Senior Secured Debt | GS AcquisitionCo, Inc. | Diversified Financial Services | Term Loan | 9.85% (S + 5.25%; 1.00% Floor) | 5/25/2028 | 789,386 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Peter C. Foy & Associates Insurance Services, LLC | Insurance | Term Loan | 10.75% (S + 5.50%; 0.75% Floor) | 11/1/2028 | 192,135 |
US Corporate Debt | 1st Lien/Senior Secured Debt | EET Buyer, Inc. | Construction & Engineering | Term Loan | 10.05% (S + 5.00%; 0.75% Floor) | 11/8/2027 | 1,349,755 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Sauce Labs Inc | Software | Delayed Draw Term Loan | 11.25% (S + 5.50%; 1.00% Floor; 0.50% PIK) | 8/16/2027 | 307,635 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Soladoc, LLC | Health Care Equipment & Supplies | Revolver | (S + 5.00%; 0.75% Floor) | 6/12/2028 | (8,067) |
MMP Intermediate, LLC - Revolver - 1st Lien/Senior Secured Debt | (595) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ranger Buyer, Inc. | Commercial Services & Supplies | Term Loan | 9.60% (S + 5.00%; 0.75% Floor) | 11/20/2028 | 5,471,939 |
AmerCareRoyal, LLC - Revolver - 1st Lien/Senior Secured Debt | (955) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Cerifi, LLC | Banks | Revolver | 10.69% (S + 5.75%; 1.00% Floor) | 4/1/2027 | 135,065 |
US Corporate Debt | 1st Lien/Senior Secured Debt | LeadVenture, Inc. | Auto Components | Term Loan | 9.84% (S + 5.00%; 0.75% Floor) | 8/28/2026 | One | 31,136 |
US Corporate Debt | 1st Lien/Senior Secured Debt | AmerCare Royal, LLC | Commercial Services & Supplies | Term Loan | 9.84% (S + 5.00%; 1.00% Floor) | 9/10/2030 | 1,000,598 |
Serrano Parent, LLC - Revolver - 1st Lien/Senior Secured Debt | (13,525) |
Bonterra, LLC - Revolver - 1st Lien/Senior Secured Debt | (544) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Thrive Buyer, Inc. | Technology Hardware, Storage & Peripherals | Revolver | 12.37% (S + 6.00%; 1.00% Floor) | 1/22/2027 | 33,296 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Brightspot Buyer, Inc. | Media | Revolver | (S + 6.50%; 0.75% Floor) | 11/16/2027 | (3,025) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Avant Communications, LLC | Diversified Telecommunication Services | Term Loan | 9.75% (S + 5.00%; 1.00% Floor) | 11/30/2026 | 5,471,982 |
Soladoc, LLC - Revolver - 1st Lien/Senior Secured Debt | (8,066) |
NC Topco, LLC - Revolver - 1st Lien/Senior Secured Debt | (1,557) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Avalara, Inc. | Diversified Consumer Services | Term Loan | 10.85% (S + 6.25%; 0.75% Floor) | 10/19/2028 | 3,975,452 |
Rep Tec Intermediate Holdings, Inc. - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Salisbury House, LLC | Diversified Consumer Services | Term Loan | 11.15% (S + 5.75%; 1.00% Floor) | 2/27/2026 | Two | 475,798 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Medical Management Resource Group, L.L.C. | Health Care Providers & Services | Delayed Draw Term Loan | 10.70% (S + 6.00%; 0.75% Floor) | 9/30/2027 | 426,055 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Transtelco Holding, Inc. | Diversified Telecommunication Services | Term Loan | 10.86% (S + 6.25%; 0.50% Floor) | 3/26/2026 | 1,493,347 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Serrano Parent, LLC | Software | Term Loan | 11.62% (S + 6.50%; 1.00% Floor) | 5/13/2030 | 5,362,500 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Peter C. Foy & Associates Insurance Services, LLC | Insurance | Delayed Draw Term Loan | 10.34% (S + 5.50%; 0.75% Floor) | 11/1/2028 | 2,700,908 |
US Corporate Debt | 1st Lien/Senior Secured Debt | AAH Topco, LLC | Health Care Providers & Services | Revolver | (S + 5.25%; 0.75% Floor) | 12/22/2027 | (3,529) |
Sako and Partners Lower Holdings LLC - Revolver - 1st Lien/Senior Secured Debt | (1,873) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Bridgepointe Technologies, LLC | Technology Hardware, Storage & Peripherals | Term Loan | 9.60% (S + 5.00%; 1.00% Floor) | 12/31/2027 | One | 1,158,764 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Peter C. Foy & Associates Insurance Services, LLC | Insurance | Delayed Draw Term Loan | 10.34% (S + 5.50%; 0.75% Floor) | 11/1/2028 | One | 480,797 |
Ping Identity Corporation - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Moon Buyer, Inc. | Software | Delayed Draw Term Loan | 9.45% (S + 4.75%; 1.00% Floor) | 4/21/2027 | 265,039 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Community Based Care Acquisition, Inc. | Health Care Providers & Services | Revolver | (S + 5.25%; 1.00% Floor) | 9/16/2027 | (1,664) |
US Corporate Debt | 1st Lien/Senior Secured Debt | HireVue, Inc. | Diversified Financial Services | Term Loan | 12.50% (S + 7.25%; 1.00% Floor) | 5/3/2029 | 4,175,108 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Veracross LLC | Diversified Consumer Services | Term Loan | 11.44% (S + 2.00%; 1.00% Floor; 4.50% PIK) | 12/28/2027 | 4,917,855 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Redwood Family Care Network, Inc. | Health Care Provider & Services | Term Loan | 10.50% (S + 5.75%; 1.00% Floor) | 6/18/2026 | 2,252,170 |
Navigate360, LLC - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | (2,993) |
US Corporate Debt | 1st Lien/Senior Secured Debt | NMI AcquisitionCo, Inc. | Internet and Direct Marketing Retail | Revolver | (S + 5.00%; 0.75% Floor) | 9/6/2028 | (2,468) |
Sauce Labs, Inc. - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | (8,445) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Sauce Labs Inc | Software | Revolver | 11.35% (S + 5.50%; 1.00% Floor; 0.50% PIK) | 8/16/2027 | 738,077 |
U.S. 1st Lien/Senior Secured Debt | 261,045,301 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Vehlo Purchaser, LLC | Automobiles | Revolver | 10.09% (S + 5.25%; 0.75% Floor) | 5/24/2028 | 23,809 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Sandstone Care Holdings, LLC | Health Care Provider & Services | Delayed Draw Term Loan | 10.73% (S + 5.50%; 1.00% Floor) | 6/28/2028 | 318,352 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Pinnacle Treatment Centers, Inc. | Health Care Providers & Services | Delayed Draw Term Loan | 10.55% (S + 5.50%; 1.00% Floor) | 1/4/2027 | 77,310 |
Medical Management Resource Group, LLC - Revolver - 1st Lien/Senior Secured Debt | (648) |
GS AcquisitionCo, Inc. - Revolver - 1st Lien/Senior Secured Debt | (135) |
TOTAL CASH AND CASH EQUIVALENTS | 18,856,594 |
Community Based Care Acquisition, Inc. - Revolver - 1st Lien/Senior Secured Debt | (1,664) |
US Corporate Debt | 1st Lien/Senior Secured Debt | GHA Buyer, Inc. | Health Care Technology | Term Loan | 10.10% (S + 5.50%; 1.00% Floor) | 6/24/2026 | Three | 861,289 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Wealth Enhancement Group, LLC | Diversified Financial Services | Delayed Draw Term Loan | 10.68% (S + 5.50%; 1.00% Floor) | 10/2/2027 | 2,382,174 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Bonterra LLC | Diversified Financial Services | Term Loan | 11.60% (S + 7.00%; 0.75% Floor) | 9/8/2027 | 2,657,412 |
BusinesSolver.com, Inc. - Delayed Draw Term Loan - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Telcor Buyer, Inc. | Health Care Technology | Term Loan | 9.19% (S + 4.25%; 1.00% Floor) | 8/20/2027 | 2,982,231 |
Azurite Intermediate Holdings, Inc - Revolver - 1st Lien/Senior Secured Debt | (3,345) |
US Corporate Debt | 1st Lien/Senior Secured Debt | BV EMS Buyer, Inc. | Health Care Technology | Delayed Draw Term Loan | 10.69% (S + 5.75%; 1.00% Floor) | 11/23/2027 | 1,301,455 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ridge Trail US Bidco, Inc. | Capital Markets | Revolver | 9.35% (S + 4.75%; 0.75% Floor) | 3/30/2031 | 12,085 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Navigate360, LLC | Diversified Consumer Services | Term Loan | 10.94% (S + 6.00%; 1.00% Floor) | 3/17/2027 | Two | 566,181 |
US Corporate Debt | 1st Lien/Senior Secured Debt | REP TEC Intermediate Holdings, Inc. | Professional Services | Term Loan | 10.35% (S + 5.75%; 1.00% Floor) | 12/1/2027 | 56,591 |
US Corporate Debt | 1st Lien/Senior Secured Debt | The Center for Orthopedic and Research Excellence, Inc. | Health Care Providers & Services | Delayed Draw Term Loan | 11.65% (S + 6.25%; 1.00% Floor) | 8/15/2025 | One | 368,325 |
Ranger Buyer, Inc. - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | MMP Intermediate, LLC | Hotels, Restaurants & Leisure | Revolver | (S + 6.25%; 1.00% Floor) | 2/15/2029 | (595) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Velocity Holdco III Inc. | Commercial Services & Supplies | Term Loan | 10.90% (S + 5.75%; 1.00% Floor) | 4/22/2027 | 4,483,288 |
US Corporate Debt | 1st Lien/Senior Secured Debt | NMI AcquisitionCo, Inc. | Internet and Direct Marketing Retail | Term Loan | 9.94% (S + 5.00%; 0.75% Floor) | 9/6/2028 | 2,387,170 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Mastery Acquisition Corp. | Diversified Consumer Services | Term Loan | 9.49% (S + 5.25%; 1.00% Floor)| 9/7/2029 | 1,228,665 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Salisbury House, LLC | Diversified Consumer Services | Term Loan | 11.15% (S + 5.75%; 1.00% Floor) | 2/27/2026 | One | 548,842 |
Iodine Software, LLC - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | NC Topco, LLC | Banks | Term Loan | 10.09% (S + 2.00%; 0.75% Floor; 2.75% PIK) | 9/1/2031 | 1,339,488 |
Banneker V Acquisition, Inc. - Revolver - 1st Lien/Senior Secured Debt | (2,385) |
Canadian Corporate Debt | 1st Lien/Senior Secured Debt | Versaterm Public Safety Inc. | Commercial Services & Supplies | Team Loan | 11.44% (S + 6.50%; 1.00% Floor) | 12/4/2025 | 5,018,134 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ungerboeck Systems International, LLC | Leisure Products | Revolver | (S + 5.75%; 1.00% Floor) | 4/30/2027 | (175) |
Zendesk, Inc. - Revolver - 1st Lien/Senior Secured Debt | 0 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Ungerboeck Systems International, LLC | Leisure Products | Term Loan | 10.81% (S + 5.75%; 1.00% Floor) | 4/30/2027 | 724,361 |
Datacor, Inc. - Revolver - 1st Lien/Senior Secured Debt | 0 |
Fusion Holding Corp - Revolver - 1st Lien/Senior Secured Debt | (13,640) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Sauce Labs Inc | Software | Revolver | (S + 5.50%; 1.00% Floor) | 8/16/2027 | (12,506) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Vectra AI, Inc. | Software | Delayed Draw Term Loan | 11.63% (S + 6.25%; 1.00% Floor) | 3/2/2028 | 526,758 |
US Corporate Debt | 1st Lien/Senior Secured Debt | MSP Global Holdings, Inc. | Technology Hardware, Storage & Peripherals | Delayed Draw Term Loan | 11.00% (S + 5.50%; 1.00% Floor) | 4/9/2029 | 258,029 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Admiral Buyer, Inc. | Diversified Financial Services | Term Loan | 10.10% (S + 5.50%; 0.75% Floor) | 05/08/2028 | 4,005,487 |
US Corporate Debt | 1st Lien/Senior Secured Debt | Fusion Holding, Corp. | Software | Revolver | (S + 6.25%; 0.75% Floor) | 9/15/2027 | (13,640) |
US Corporate Debt | 1st Lien/Senior Secured Debt | NC Topco, LLC | Banks | Revolver | (S + 2.50%; 0.75% Floor) | 9/1/2031 | (1,558) |
US Corporate Debt | 1st Lien/Senior Secured Debt | Redwood Family Care Network, Inc. | Health Care Provider & Services | Delayed Draw Term Loan | 10.50% (S + 5.75%; 1.00% Floor) | 6/18/2026 | 1,969,086 |
Cash and cash equivalents | 18,856,594 |
Deferred financing cost | 1,563,708 |
Deferred offering cost | 944,181 |
Interest receivable | 1,123,394 |
Prepaid expenses | 98,333 |
Receivable for investments sold | 715 |
Total assets | 289,990,118 |
Liabilities | |
Term loan payable (net of debt issuance costs of $1,116,935 and $0, respectively) | 123,883,065 |
Credit facility payable | 42,500,000 |
Revolving Credit Facility - Scotia Credit Facility | 16,500,000 |
Revolving Credit Facility - ABPLF Term Loan | 100,000,000 |
Revolving Credit Facility | 167,500,000 |
Revolving Credit Facility - Scotia Term Loan | 25,000,000 |
Revolving Credit Facility - ABPLF Credit Facility | 26,000,000 |
Income distribution payable | 6,076,005 |
Interest and borrowing expenses payable | 4,011,595 |
Professional fees payable | 719,978 |
Management fees payable | 590,752 |
Incentive fee payable | 379,567 |
Transfer Agent Fees - Related Party | 8,774 |
Capital Gains Incentive Fee - Related Party | 379,567 |
Adviser | 235,696 |
Accrued expenses and other liabilities | 144,680 |
Administrator and custodian fees payable | 101,286 |
Payable for investments purchased | 19,175 |
Transfer agent fees payable | 8,774 |
Offering cost payable | 0 |
Organizational expense payable | 0 |
Total Liabilities | 178,670,573 |
Net Assets | |
Common shares, par value $0.01 per share (unlimited shares authorized, 4,434,393 and 0 shares issued and outstanding at September 30, 2024 and December 31, 2023 respectively) | 44,344 |
Paid-in capital in excess of par value | 110,855,656 |
Distributable earnings (accumulated loss) | 419,545 |
Total net assets | 111,319,545 |
Distributable Earnings | 419,545 |
Common Units | 44,344 |
Paid in Capital in Excess of Par | 110,855,656 |
Total liabilities and net assets | 289,990,118 |
Net asset value per share | 25.1 |