Maryland | 47-1893276 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
Large accelerated filer o | Accelerated filer o |
Non-accelerated filer | Smaller reporting company o |
Emerging growth company þ |
Part I. Financial Information | ||
Item 1. | Financial Statements | |
Consolidated Statements of Financial Condition as of | ||
Consolidated Statements of Operations for the three | ||
Consolidated Statements of Changes in Net Assets for the | ||
Consolidated Statements of Cash Flows for the | ||
Consolidated Schedules of Investments as of | ||
Notes to Consolidated Financial Statements (unaudited) | ||
Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | |
Item 3. | Quantitative and Qualitative Disclosures about Market Risk | |
Item 4. | Controls and Procedures | |
Part II. Other Information | ||
Item 1. | Legal Proceedings | |
Item 1A. | Risk Factors | |
Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | |
Item 3. | Defaults Upon Senior Securities | |
Item 4. | Mine Safety Disclosures | |
Item 5. | Other Information | |
Item 6. | Exhibits |
June 30, 2018 | September 30, 2017 | |||||||||||||
(unaudited) | December 31, 2018 | September 30, 2018 | ||||||||||||
Assets | (unaudited) | |||||||||||||
Investments, at fair value | ||||||||||||||
Non-controlled/non-affiliate company investments | $ | 1,588,631 | $ | 1,347,597 | $ | 1,813,454 | $ | 1,620,783 | ||||||
Non-controlled affiliate company investments | 4,130 | 3,716 | ||||||||||||
Controlled affiliate company investments | 54,004 | 50,104 | 50,069 | 49,939 | ||||||||||
Total investments at fair value (amortized cost of $1,627,695 and $1,386,209, respectively) | 1,642,635 | 1,397,701 | ||||||||||||
Total investments at fair value (amortized cost of $1,858,068 and $1,663,122, respectively) | 1,867,653 | 1,674,438 | ||||||||||||
Cash and cash equivalents | 9,331 | 22,859 | 26,760 | 14,443 | ||||||||||
Foreign currencies (cost of $251 and $0, respectively) | 251 | — | ||||||||||||
Restricted cash and cash equivalents | 29,352 | 28,272 | ||||||||||||
Foreign currencies (cost of $553 and $216, respectively) | 553 | 216 | ||||||||||||
Restricted cash, cash equivalents and foreign currencies | 54,819 | 23,857 | ||||||||||||
Interest receivable | 5,643 | 5,027 | 5,658 | 5,813 | ||||||||||
Capital call receivable | 1,704 | 1,058 | 1,375 | 189 | ||||||||||
Other assets | 147 | 178 | 65 | 105 | ||||||||||
Total Assets | $ | 1,689,063 | $ | 1,455,095 | $ | 1,956,883 | $ | 1,719,061 | ||||||
Liabilities | ||||||||||||||
Debt | $ | 747,750 | $ | 670,200 | $ | 860,751 | $ | 762,330 | ||||||
Less unamortized debt issuance costs | 2,309 | 2,671 | 6,011 | 1,921 | ||||||||||
Debt less unamortized debt issuance costs | 745,441 | 667,529 | 854,740 | 760,409 | ||||||||||
Other short-term borrowings (proceeds of $12,400 and $0, respectively) | 12,287 | — | ||||||||||||
Other short-term borrowings (proceeds of $24,755 and $0, respectively) | 24,719 | — | ||||||||||||
Interest payable | 3,091 | 2,141 | 2,613 | 2,916 | ||||||||||
Distributions payable | 20,476 | 8,239 | 7,235 | 11,840 | ||||||||||
Management and incentive fees payable | 10,042 | 7,536 | 9,127 | 10,102 | ||||||||||
Accounts payable and accrued expenses | 1,543 | 1,404 | 1,809 | 1,563 | ||||||||||
Accrued trustee fees | 25 | 26 | 59 | 22 | ||||||||||
Total Liabilities | $ | 792,905 | $ | 686,875 | 900,302 | 786,852 | ||||||||
Commitments and Contingencies (Note 8) | ||||||||||||||
Net Assets | ||||||||||||||
Preferred stock, par value $0.001 per share, 1,000,000 shares authorized, zero shares issued and outstanding as of June 30, 2018 and September 30, 2017 | — | — | ||||||||||||
Common stock, par value $0.001 per share, 100,000,000 shares authorized, 59,743,807.048 and 51,214,683.496 shares issued and outstanding as of June 30, 2018 and September 30, 2017, respectively | 60 | 51 | ||||||||||||
Preferred stock, par value $0.001 per share, 1,000,000 shares authorized, zero shares issued and outstanding as of December 31, 2018 and September 30, 2018 | — | — | ||||||||||||
Common stock, par value $0.001 per share, 100,000,000 shares authorized, 70,438,775.169 and 62,147,237.484 shares issued and outstanding as of December 31, 2018 and September 30, 2018, respectively | 70 | 62 | ||||||||||||
Paid in capital in excess of par | 895,837 | 767,908 | 1,056,249 | 931,885 | ||||||||||
Capital distributions in excess of net investment income | (16,135 | ) | (11,366 | ) | ||||||||||
Net unrealized appreciation (depreciation) on investments and foreign currency translation | 15,050 | 11,492 | ||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 1,346 | 135 | ||||||||||||
Distributable earnings | 262 | 262 | ||||||||||||
Total Net Assets | 896,158 | 768,220 | 1,056,581 | 932,209 | ||||||||||
Total Liabilities and Total Net Assets | $ | 1,689,063 | $ | 1,455,095 | $ | 1,956,883 | $ | 1,719,061 | ||||||
Number of common shares outstanding | 59,743,807.048 | 51,214,683.496 | ||||||||||||
Number of common shares outstanding at end of period | 70,438,775.169 | 62,147,237.484 | ||||||||||||
Net asset value per common share | $ | 15.00 | $ | 15.00 | $ | 15.00 | $ | 15.00 |
Three months ended June 30, | Nine months ended June 30, | Three months ended December 31, | ||||||||||||||||||||
2018 | 2017 | 2018 | 2017 | 2018 | 2017 | |||||||||||||||||
Investment income | ||||||||||||||||||||||
From non-controlled/non-affiliate company investments: | ||||||||||||||||||||||
Interest income | $ | 33,520 | $ | 24,498 | $ | 94,089 | $ | 66,060 | $ | 38,170 | $ | 29,071 | ||||||||||
Dividend income | 3 | 157 | 80 | 158 | 30 | 2 | ||||||||||||||||
Fee income | 1,147 | 827 | 2,435 | 1,038 | 380 | 391 | ||||||||||||||||
Total investment income from non-controlled/non-affiliate company investments | 34,670 | 25,482 | 96,604 | 67,256 | 38,580 | 29,464 | ||||||||||||||||
From non-controlled affiliate company investments: | ||||||||||||||||||||||
Interest income | 29 | — | ||||||||||||||||||||
Total investment income from non-controlled affiliate company investments | 29 | — | ||||||||||||||||||||
From controlled affiliate company investments: | ||||||||||||||||||||||
Interest income | — | — | — | 732 | ||||||||||||||||||
Dividend income | 1,641 | 1,216 | 4,065 | 2,879 | 1,036 | 1,130 | ||||||||||||||||
Total investment income from controlled affiliate company investments | 1,641 | 1,216 | 4,065 | 3,611 | 1,036 | 1,130 | ||||||||||||||||
Total investment income | 36,311 | 26,698 | 100,669 | 70,867 | 39,645 | 30,594 | ||||||||||||||||
Expenses | ||||||||||||||||||||||
Interest and other debt financing expenses | 8,270 | 5,844 | 22,659 | 16,079 | 10,958 | 6,879 | ||||||||||||||||
Base management fee | 5,580 | 4,263 | 15,815 | 11,940 | 6,168 | 4,986 | ||||||||||||||||
Incentive fee | 4,658 | 3,314 | 13,469 | 8,280 | 2,858 | 4,164 | ||||||||||||||||
Professional fees | 465 | 502 | 1,437 | 1,424 | 765 | 522 | ||||||||||||||||
Administrative service fee | 538 | 401 | 1,564 | 1,106 | 651 | 495 | ||||||||||||||||
General and administrative expenses | 52 | 22 | 160 | 48 | 48 | 53 | ||||||||||||||||
Total expenses | 19,563 | 14,346 | 55,104 | 38,877 | 21,448 | 17,099 | ||||||||||||||||
Base management fee waived (Note 4) | (1,522 | ) | (1,162 | ) | (4,313 | ) | (3,256 | ) | (1,682 | ) | (1,360 | ) | ||||||||||
Incentive fee waived (Note 4) | (1,146 | ) | (733 | ) | (3,014 | ) | (749 | ) | (314 | ) | (926 | ) | ||||||||||
Net expenses | 16,895 | 12,451 | 47,777 | 34,872 | 19,452 | 14,813 | ||||||||||||||||
Net investment income | 19,416 | 14,247 | 52,892 | 35,995 | 20,193 | 15,781 | ||||||||||||||||
Net gain (loss) on investments and foreign currency | ||||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | ||||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions: | ||||||||||||||||||||||
Non-controlled/non-affiliate company investments | 2,510 | 91 | 2,621 | 422 | 38 | (449 | ) | |||||||||||||||
Foreign currency transactions | (56 | ) | — | (73 | ) | — | (15 | ) | (37 | ) | ||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 2,454 | 91 | 2,548 | 422 | 23 | (486 | ) | |||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation: | ||||||||||||||||||||||
Non-controlled/non-affiliate company investments | (1,433 | ) | 12 | 2,039 | 4,905 | (1,969 | ) | 1,767 | ||||||||||||||
Non-controlled affiliate company investments | 108 | — | ||||||||||||||||||||
Controlled affiliate company investments | (74 | ) | (140 | ) | 1,406 | 162 | 130 | 744 | ||||||||||||||
Foreign currency translation | 113 | — | 113 | — | ||||||||||||||||||
Translation of assets and liabilities in foreign currencies | 253 | 8 | ||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation | (1,394 | ) | (128 | ) | 3,558 | 5,067 | (1,478 | ) | 2,519 | |||||||||||||
Net gain (loss) on investments and foreign currency | 1,060 | (37 | ) | 6,106 | 5,489 | (1,455 | ) | 2,033 | ||||||||||||||
Net increase in net assets resulting from operations | $ | 20,476 | $ | 14,210 | $ | 58,998 | $ | 41,484 | $ | 18,738 | $ | 17,814 | ||||||||||
Per Common Share Data | ||||||||||||||||||||||
Basic and diluted earnings per common share | $ | 0.35 | $ | 0.31 | $ | 1.06 | $ | 0.96 | $ | 0.28 | $ | 0.34 | ||||||||||
Basic and diluted weighted average common shares outstanding | 58,083,180 | 45,882,813 | 55,363,298 | 43,006,959 | 65,402,150 | 52,091,851 |
Capital Distributions in Excess of Net Investment Income | Net Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translation | Net Realized Gain (loss) on Investments and Foreign Currency Transactions | ||||||||||||||||||||||||
Common Stock | Paid in Capital in Excess of Par | Total Net Assets | ||||||||||||||||||||||||
Shares | Par Amount | |||||||||||||||||||||||||
Balance at September 30, 2016 | 41,087,178.250 | $ | 41 | $ | 616,018 | $ | (7,158 | ) | $ | 8,334 | $ | (928 | ) | $ | 616,307 | |||||||||||
Issuance of common stock (1) | 4,410,571.066 | 4 | 66,154 | — | — | 66,158 | ||||||||||||||||||||
Net increase in net assets resulting from operations | — | — | — | 35,995 | 5,067 | 422 | 41,484 | |||||||||||||||||||
Distributions to stockholders: | ||||||||||||||||||||||||||
Stock issued in connection with dividend reinvestment plan | 1,331,594.620 | 2 | 19,973 | — | — | — | 19,975 | |||||||||||||||||||
Distributions from net investment income | — | — | — | (27,134 | ) | — | — | (27,134 | ) | |||||||||||||||||
Distributions from net realized gain | — | — | — | — | — | (140 | ) | (140 | ) | |||||||||||||||||
Distributions declared and payable | — | — | — | (14,210 | ) | — | — | (14,210 | ) | |||||||||||||||||
Total increase (decrease) for the period ended June 30, 2017 | 5,742,165.686 | 6 | 86,127 | (5,349 | ) | 5,067 | 282 | 86,133 | ||||||||||||||||||
Balance at June 30, 2017 | 46,829,343.936 | $ | 47 | $ | 702,145 | $ | (12,507 | ) | $ | 13,401 | $ | (646 | ) | $ | 702,440 | |||||||||||
Balance at September 30, 2017 | 51,214,683.496 | $ | 51 | $ | 767,908 | $ | (11,366 | ) | $ | 11,492 | $ | 135 | $ | 768,220 | ||||||||||||
Issuance of common stock (2) | 6,867,829.319 | 7 | 103,011 | — | — | — | 103,018 | |||||||||||||||||||
Net increase in net assets resulting from operations | — | — | — | 52,892 | 3,558 | 2,548 | 58,998 | |||||||||||||||||||
Distributions to stockholders: | ||||||||||||||||||||||||||
Stock issued in connection with dividend reinvestment plan | 1,661,294.233 | 2 | 24,918 | — | — | — | 24,920 | |||||||||||||||||||
Distributions from net investment income | — | — | — | (37,185 | ) | — | — | (37,185 | ) | |||||||||||||||||
Distributions from net realized gain | — | — | — | — | — | (1,337 | ) | (1,337 | ) | |||||||||||||||||
Distributions declared and payable | — | — | — | (20,476 | ) | — | — | (20,476 | ) | |||||||||||||||||
Total increase (decrease) for the period ended June 30, 2018 | 8,529,123.552 | 9 | 127,929 | (4,769 | ) | 3,558 | 1,211 | 127,938 | ||||||||||||||||||
Balance at June 30, 2018 | 59,743,807.048 | $ | 60 | $ | 895,837 | $ | (16,135 | ) | $ | 15,050 | $ | 1,346 | $ | 896,158 |
Common Stock | Paid in Capital in Excess of Par | Distributable Earnings (1) | Total Net Assets | |||||||||||||||
Shares | Par Amount | |||||||||||||||||
Balance at September 30, 2017 | 51,214,683.496 | $ | 51 | $ | 767,908 | $ | 261 | $ | 768,220 | |||||||||
Issuance of common stock (2) | 2,223,285.533 | 2 | 33,347 | — | 33,349 | |||||||||||||
Net investment income | — | — | — | 15,781 | 15,781 | |||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | — | — | — | (486 | ) | (486 | ) | |||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation | — | — | — | 2,519 | 2,519 | |||||||||||||
Distributions to stockholders: | ||||||||||||||||||
Stock issued in connection with dividend reinvestment plan | 684,766.325 | 1 | 10,271 | — | 10,272 | |||||||||||||
Distributions from distributable earnings (3) | — | — | — | (11,098 | ) | (11,098 | ) | |||||||||||
Distributions declared and payable | — | — | — | (6,716 | ) | (6,716 | ) | |||||||||||
Total increase (decrease) for the period ended December 31, 2017 | 2,908,051.858 | 3 | 43,618 | — | 43,621 | |||||||||||||
Balance at December 31, 2017 | 54,122,735.354 | $ | 54 | $ | 811,526 | $ | 261 | $ | 811,841 | |||||||||
Balance at September 30, 2018 | 62,147,237.484 | $ | 62 | $ | 931,885 | $ | 262 | $ | 932,209 | |||||||||
Issuance of common stock (4) | 7,435,092.597 | 7 | 111,519 | — | 111,526 | |||||||||||||
Net investment income | — | — | — | 20,193 | 20,193 | |||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | — | — | — | 23 | 23 | |||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation | — | — | — | (1,478 | ) | (1,478 | ) | |||||||||||
Distributions to stockholders: | ||||||||||||||||||
Stock issued in connection with dividend reinvestment plan | 856,445.088 | 1 | 12,845 | — | 12,846 | |||||||||||||
Distributions from distributable earnings | — | — | — | (11,503 | ) | (11,503 | ) | |||||||||||
Distributions declared and payable | — | — | — | (7,235 | ) | (7,235 | ) | |||||||||||
Total increase (decrease) for the period ended December 31, 2018 | 8,291,537.685 | 8 | 124,364 | — | 124,372 | |||||||||||||
Balance at December 31, 2018 | 70,438,775.169 | $ | 70 | $ | 1,056,249 | $ | 262 | $ | 1,056,581 |
(1)The following table provides the reconciliation of the components of distributable earnings to conform to the current period presentation for the period ended December 31, 2017:
|
(2) | Refer to Note 3 for a detailed listing of the common stock issuances for the |
Total increase (decrease) for the period ended December 31, 2017 | |||
Distributions to stockholders: | |||
Distributions from net investment income | $ | (9,761 | ) |
Distributions from realized gain | (1,337 | ) | |
Distributions from distributable earnings | $ | (11,098 | ) |
(4) | Refer to Note 3 for a detailed listing of the common stock issuances for the three months ended December 31, 2018. |
Nine months ended June 30, | Three months ended December 31, | |||||||||||||
2018 | 2017 | 2018 | 2017 | |||||||||||
Cash flows from operating activities | ||||||||||||||
Net increase in net assets resulting from operations | $ | 58,998 | $ | 41,484 | $ | 18,738 | $ | 17,814 | ||||||
Adjustments to reconcile net increase in net assets resulting from operations to net cash (used in) provided by operating activities | ||||||||||||||
Amortization of deferred debt issuance costs | 1,610 | 2,522 | 1,668 | 553 | ||||||||||
Accretion of discounts and origination fees | (6,782 | ) | (4,590 | ) | (1,998 | ) | (2,026 | ) | ||||||
Net realized (gain) loss on investments | (2,621 | ) | (422 | ) | (38 | ) | 449 | |||||||
Net change in unrealized (appreciation) depreciation on investments | (3,445 | ) | (5,067 | ) | 1,731 | (2,511 | ) | |||||||
Net change in unrealized appreciation (depreciation) on foreign currency and other transactions | (113 | ) | — | |||||||||||
Net change in unrealized appreciation (depreciation) on translation of assets and liabilities in foreign currencies | (253 | ) | — | |||||||||||
Proceeds from (fundings of) revolving loans, net | 536 | 282 | (1,464 | ) | 851 | |||||||||
Fundings of investments | (563,692 | ) | (432,300 | ) | (230,120 | ) | (202,486 | ) | ||||||
Proceeds from principal payments and sales of portfolio investments | 332,464 | 208,863 | 39,176 | 90,731 | ||||||||||
PIK interest | (1,394 | ) | (1,016 | ) | (502 | ) | (456 | ) | ||||||
Changes in operating assets and liabilities: | ||||||||||||||
Interest receivable | (616 | ) | (981 | ) | 155 | (188 | ) | |||||||
Receivable for investments sold | — | (2,118 | ) | |||||||||||
Other assets | 31 | 64 | 40 | 104 | ||||||||||
Interest payable | 950 | 707 | (303 | ) | 258 | |||||||||
Management and incentive fees payable | 2,506 | 2,355 | (975 | ) | 915 | |||||||||
Payable for investments purchased | — | 3,076 | — | 355 | ||||||||||
Accounts payable and accrued expenses | 139 | 244 | 246 | (92 | ) | |||||||||
Accrued trustee fees | (1 | ) | 21 | 37 | 15 | |||||||||
Net cash (used in) provided by operating activities | (181,430 | ) | (186,876 | ) | (173,862 | ) | (95,714 | ) | ||||||
Cash flows from financing activities | ||||||||||||||
Borrowings on debt | 480,050 | 397,900 | 790,868 | 129,750 | ||||||||||
Repayments of debt | (402,500 | ) | (287,650 | ) | (692,230 | ) | (75,400 | ) | ||||||
Capitalized debt issuance costs | (1,248 | ) | (359 | ) | (5,758 | ) | (11 | ) | ||||||
Proceeds from other short-term borrowings | 12,400 | — | 24,755 | — | ||||||||||
Proceeds from issuance of common shares | 102,372 | 66,158 | 110,340 | 34,407 | ||||||||||
Distributions paid | (21,841 | ) | (17,168 | ) | (10,497 | ) | (9,065 | ) | ||||||
Net cash provided by (used in) financing activities | 169,233 | 158,881 | 217,478 | 79,681 | ||||||||||
Net change in cash, cash equivalents, foreign currencies and restricted cash and cash equivalents | (12,197 | ) | (27,995 | ) | 43,616 | (16,033 | ) | |||||||
Cash, cash equivalents, foreign currencies and restricted cash and cash equivalents, beginning of period | 51,131 | 75,731 | 38,516 | 51,131 | ||||||||||
Cash, cash equivalents, foreign currencies and restricted cash and cash equivalents, end of period | $ | 38,934 | $ | 47,736 | $ | 82,132 | $ | 35,098 | ||||||
Supplemental information: | ||||||||||||||
Cash paid during the period for interest | $ | 20,099 | $ | 12,850 | $ | (9,592 | ) | $ | (6,069 | ) | ||||
Distributions declared during the period | 58,998 | 41,484 | 18,738 | 17,814 | ||||||||||
Supplemental disclosure of noncash operating activity: | ||||||||||||||
Funding of LLC equity interest in GCIC SLF | $ | — | $ | (34,917 | ) | |||||||||
Proceeds from subordinated notes in GCIC SLF principal payment | — | 34,917 | ||||||||||||
Supplemental disclosure of noncash financing activity: | ||||||||||||||
Capital call receivable | $ | 646 | $ | — | $ | 1,186 | $ | (1,058 | ) | |||||
Stock issued in connection with dividend reinvestment plan | 24,920 | 19,975 | 12,846 | 10,272 | ||||||||||
Distributions payable | 20,476 | 14,210 | 7,235 | 6,716 |
As of June 30, | As of December 31, | |||||||||||||
2018 | 2017 | 2018 | 2017 | |||||||||||
Cash and cash equivalents | $ | 9,331 | $ | 5,220 | $ | 26,760 | $ | 8,886 | ||||||
Foreign currencies | 251 | — | 553 | 526 | ||||||||||
Restricted cash and cash equivalents | 29,352 | 42,516 | 54,819 | 25,686 | ||||||||||
Total cash, cash equivalents, foreign currencies and restricted cash and cash equivalents shown in the Consolidated Statements of Cash Flows | $ | 38,934 | $ | 47,736 | $ | 82,132 | $ | 35,098 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | |||||||||||||||||||||||||||||||
Investments | ||||||||||||||||||||||||||||||||||||||||||||||
Non-controlled/non-affiliate company investments | ||||||||||||||||||||||||||||||||||||||||||||||
Debt investments | ||||||||||||||||||||||||||||||||||||||||||||||
Aerospace and Defense | ||||||||||||||||||||||||||||||||||||||||||||||
ILC Dover, LP# | Senior loan | L + 4.75% | (c)(f) | 7.09% | 12/2023 | $ | 1,334 | $ | 1,322 | 0.2 | % | $ | 1,334 | |||||||||||||||||||||||||||||||||
ILC Dover, LP* | Senior loan | L + 4.75% | (c)(d) | 7.63% | 12/2023 | $ | 1,324 | $ | 1,313 | 0.1 | % | $ | 1,324 | |||||||||||||||||||||||||||||||||
NTS Technical Systems^* | One stop | L + 6.25% | (a)(c) | 8.60% | 06/2021 | 3,337 | 3,305 | 0.3 | 3,337 | |||||||||||||||||||||||||||||||||||||
NTS Technical Systems* | One stop | L + 6.25% | (a) | 8.23% | 06/2021 | 3,250 | 3,214 | 0.4 | 3,250 | One stop | L + 6.25% | (c) | 8.87% | 06/2021 | 550 | 544 | 0.1 | 550 | ||||||||||||||||||||||||||||
NTS Technical Systems(5) | One stop | L + 6.25% | N/A(6) | 06/2021 | — | (9 | ) | — | — | One stop | L + 6.25% | N/A(6) | 06/2021 | — | (7 | ) | — | — | ||||||||||||||||||||||||||||
Tresys Technology Holdings, Inc.(7) | One stop | L + 6.75% | (a) | 8.84% | 12/2018 | 53 | 28 | — | 16 | One stop | L + 6.75% | (a) | 9.27% | 12/2019 | 53 | 28 | — | 11 | ||||||||||||||||||||||||||||
Tresys Technology Holdings, Inc.(7) | One stop | L + 6.75% | (a) | 8.84% | 12/2018 | 9 | 9 | — | 9 | One stop | L + 6.75% | (a) | 9.27% | 12/2019 | 9 | 9 | — | 9 | ||||||||||||||||||||||||||||
Tronair Parent, Inc.# | Senior loan | L + 4.75% | (c)(f) | 7.11% | 09/2023 | 367 | 364 | — | 367 | |||||||||||||||||||||||||||||||||||||
Tronair Parent, Inc.* | Senior loan | L + 4.75% | (a)(c) | 7.56% | 09/2023 | 365 | 363 | — | 351 | |||||||||||||||||||||||||||||||||||||
Tronair Parent, Inc. | Senior loan | L + 4.50% | (a)(c)(f) | 7.33% | 09/2021 | 55 | 54 | — | 55 | Senior loan | L + 4.50% | (a)(c)(f) | 7.28% | 09/2021 | 80 | 79 | — | 77 | ||||||||||||||||||||||||||||
Whitcraft LLC#* | One stop | L + 6.25% | (c) | 8.58% | 04/2023 | 16,185 | 15,991 | 1.8 | 16,185 | |||||||||||||||||||||||||||||||||||||
Whitcraft LLC | One stop | L + 6.25% | (c) | 8.58% | 04/2023 | 4,155 | 4,122 | 0.5 | 4,155 | |||||||||||||||||||||||||||||||||||||
Whitcraft LLC(5) | One stop | L + 6.25% | N/A(6) | 04/2023 | — | (1 | ) | — | — | |||||||||||||||||||||||||||||||||||||
Whitcraft LLC^ | One stop | L + 6.25% | (c) | 9.05% | 04/2023 | 16,103 | 15,930 | 1.5 | 16,103 | |||||||||||||||||||||||||||||||||||||
Whitcraft LLC^ | One stop | L + 6.25% | (c) | 9.05% | 04/2023 | 4,134 | 4,105 | 0.4 | 4,134 | |||||||||||||||||||||||||||||||||||||
Whitcraft LLC(5) | One stop | L + 6.25% | N/A(6) | 04/2023 | — | (56 | ) | — | — | One stop | L + 6.25% | N/A(6) | 04/2023 | — | (1 | ) | — | — | ||||||||||||||||||||||||||||
25,408 | 25,038 | 2.9 | 25,371 | 25,955 | 25,668 | 2.4 | 25,896 | |||||||||||||||||||||||||||||||||||||||
Automobile | ||||||||||||||||||||||||||||||||||||||||||||||
Dent Wizard International Corporation* | Senior loan | L + 4.00% | (a) | 6.10% | 04/2020 | 2,166 | 2,158 | 0.2 | 2,166 | |||||||||||||||||||||||||||||||||||||
Dent Wizard International Corporation^ | Senior loan | L + 4.00% | (a) | 6.51% | 04/2020 | 2,155 | 2,149 | 0.2 | 2,155 | |||||||||||||||||||||||||||||||||||||
Grease Monkey International, LLC^ | Senior loan | L + 5.00% | (a) | 7.52% | 11/2022 | 3,043 | 3,014 | 0.3 | 3,043 | |||||||||||||||||||||||||||||||||||||
Grease Monkey International, LLC* | Senior loan | L + 5.00% | (a) | 7.52% | 11/2022 | 2,263 | 2,228 | 0.2 | 2,263 | |||||||||||||||||||||||||||||||||||||
Grease Monkey International, LLC^ | Senior loan | L + 5.00% | (a) | 7.52% | 11/2022 | 1,149 | 1,145 | 0.1 | 1,149 | |||||||||||||||||||||||||||||||||||||
Grease Monkey International, LLC* | Senior loan | L + 4.75% | (a) | 6.84% | 11/2022 | 3,058 | 3,025 | 0.3 | 3,058 | Senior loan | L + 5.00% | (a) | 7.52% | 11/2022 | 1,003 | 993 | 0.1 | 1,003 | ||||||||||||||||||||||||||||
Grease Monkey International, LLC | Senior loan | L + 4.75% | (a) | 6.73% | 11/2022 | 1,155 | 1,150 | 0.1 | 1,155 | Senior loan | L + 5.00% | (c) | 7.47% | 11/2022 | 115 | 104 | — | 115 | ||||||||||||||||||||||||||||
Grease Monkey International, LLC | Senior loan | L + 4.75% | (a) | 6.84% | 11/2022 | 26 | 25 | — | 26 | Senior loan | L + 5.00% | (a)(c) | 7.52% | 11/2022 | 49 | 48 | — | 49 | ||||||||||||||||||||||||||||
Grease Monkey International, LLC(5) | Senior loan | L + 4.75% | N/A(6) | 11/2022 | — | (25 | ) | — | — | |||||||||||||||||||||||||||||||||||||
Polk Acquisition Corp.* | Senior loan | L + 5.00% | (a) | 7.09% | 06/2022 | 4,767 | 4,751 | 0.5 | 4,672 | |||||||||||||||||||||||||||||||||||||
Quick Quack Car Wash Holdings, LLC# | One stop | L + 6.50% | (a) | 8.59% | 04/2023 | 4,611 | 4,556 | 0.5 | 4,565 | |||||||||||||||||||||||||||||||||||||
Polk Acquisition Corp.^ | Senior loan | L + 5.00% | (a) | 7.52% | 06/2022 | 4,742 | 4,728 | 0.4 | 4,647 | |||||||||||||||||||||||||||||||||||||
Power Stop, LLC* | Senior loan | L + 4.75% | (c) | 7.55% | 10/2025 | 1,537 | 1,530 | 0.1 | 1,530 | |||||||||||||||||||||||||||||||||||||
Quick Quack Car Wash Holdings, LLC^ | One stop | L + 6.50% | (a) | 9.02% | 04/2023 | 4,588 | 4,539 | 0.4 | 4,588 | |||||||||||||||||||||||||||||||||||||
Quick Quack Car Wash Holdings, LLC | One stop | L + 6.50% | (a)(c) | 8.98% | 04/2023 | 1,949 | 1,933 | 0.2 | 1,949 | |||||||||||||||||||||||||||||||||||||
Quick Quack Car Wash Holdings, LLC | One stop | L + 6.50% | (a) | 9.02% | 04/2023 | 1,303 | 1,292 | 0.1 | 1,303 | |||||||||||||||||||||||||||||||||||||
Quick Quack Car Wash Holdings, LLC | One stop | L + 6.50% | (a) | 8.57% | 04/2023 | 50 | 49 | — | 49 | One stop | L + 6.50% | (a) | 8.98% | 04/2023 | 40 | 39 | — | 40 | ||||||||||||||||||||||||||||
Quick Quack Car Wash Holdings, LLC(5) | One stop | L + 6.50% | N/A(6) | 04/2023 | — | (78 | ) | — | (65 | ) | One stop | L + 6.50% | N/A(6) | 04/2023 | — | (42 | ) | — | — | |||||||||||||||||||||||||||
15,833 | 15,611 | 1.6 | 15,626 | 23,936 | 23,700 | 2.1 | 23,834 | |||||||||||||||||||||||||||||||||||||||
Beverage, Food and Tobacco | ||||||||||||||||||||||||||||||||||||||||||||||
Abita Brewing Co., L.L.C.# | One stop | L + 5.75% | (a) | 7.84% | 04/2021 | 3,420 | 3,398 | 0.4 | 3,420 | |||||||||||||||||||||||||||||||||||||
Abita Brewing Co., L.L.C.* | One stop | L + 5.75% | (a) | 8.27% | 04/2021 | 3,377 | 3,359 | 0.3 | 3,377 | |||||||||||||||||||||||||||||||||||||
Abita Brewing Co., L.L.C. | One stop | L + 5.75% | N/A(6) | 04/2021 | — | — | — | — | One stop | L + 5.75% | N/A(6) | 04/2021 | — | — | — | — | ||||||||||||||||||||||||||||||
C. J. Foods, Inc.#* | One stop | L + 6.25% | (c) | 8.58% | 05/2020 | 20,946 | 20,811 | 2.3 | 20,946 | |||||||||||||||||||||||||||||||||||||
C. J. Foods, Inc.^* | One stop | L + 6.25% | (c) | 9.05% | 05/2020 | 20,840 | 20,745 | 2.0 | 20,840 | |||||||||||||||||||||||||||||||||||||
C. J. Foods, Inc. | One stop | L + 6.25% | (c) | 8.58% | 05/2020 | 1,584 | 1,583 | 0.2 | 1,584 | One stop | L + 6.25% | (c) | 9.05% | 05/2020 | 1,576 | 1,576 | 0.1 | 1,576 | ||||||||||||||||||||||||||||
C. J. Foods, Inc. | One stop | L + 6.25% | (b)(c) | 8.52% | 05/2019 | 839 | 838 | 0.1 | 839 | One stop | L + 6.25% | (c) | 8.91% | 05/2020 | 1,259 | 1,258 | 0.1 | 1,259 | ||||||||||||||||||||||||||||
Cafe Rio Holding, Inc.#* | One stop | L + 5.75% | (a) | 7.84% | 09/2023 | 8,645 | 8,514 | 1.0 | 8,645 | |||||||||||||||||||||||||||||||||||||
Cafe Rio Holding, Inc.^ | One stop | L + 5.75% | (a) | 8.27% | 09/2023 | 8,602 | 8,483 | 0.8 | 8,602 | |||||||||||||||||||||||||||||||||||||
Cafe Rio Holding, Inc.^ | One stop | L + 5.75% | (a) | 8.27% | 09/2023 | 1,373 | 1,362 | 0.1 | 1,373 | |||||||||||||||||||||||||||||||||||||
Cafe Rio Holding, Inc. | One stop | L + 5.75% | (a) | 7.84% | 09/2023 | 1,380 | 1,368 | 0.2 | 1,380 | One stop | L + 5.75% | (a) | 8.27% | 09/2023 | 689 | 633 | 0.1 | 689 | ||||||||||||||||||||||||||||
Cafe Rio Holding, Inc. | One stop | P + 4.75% | (f) | 9.75% | 09/2023 | 30 | 28 | — | 30 | One stop | P + 4.75% | (f) | 10.25% | 09/2023 | 65 | 63 | — | 65 | ||||||||||||||||||||||||||||
Cafe Rio Holding, Inc.(5) | One stop | L + 5.75% | N/A(6) | 09/2023 | — | (63 | ) | — | — | |||||||||||||||||||||||||||||||||||||
Firebirds International, LLC* | One stop | L + 5.75% | (a) | 7.82% | 12/2018 | 3,252 | 3,250 | 0.4 | 3,252 | |||||||||||||||||||||||||||||||||||||
Firebirds International, LLC* | One stop | L + 5.75% | (a) | 7.82% | 12/2018 | 916 | 915 | 0.1 | 916 | |||||||||||||||||||||||||||||||||||||
Firebirds International, LLC* | One stop | L + 5.75% | (a) | 7.82% | 12/2018 | 294 | 294 | — | 294 | |||||||||||||||||||||||||||||||||||||
Firebirds International, LLC(5) | One stop | L + 5.75% | N/A(6) | 12/2018 | — | (2 | ) | — | — | |||||||||||||||||||||||||||||||||||||
Firebirds International, LLC | One stop | L + 5.75% | N/A(6) | 12/2018 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Flavor Producers, LLC# | Senior loan | L + 4.75% | (c) | 7.07% | 12/2023 | 2,730 | 2,693 | 0.3 | 2,730 | |||||||||||||||||||||||||||||||||||||
Flavor Producers, LLC | Senior loan | L + 4.75% | (c) | 7.09% | 12/2022 | 2 | 1 | — | 2 | |||||||||||||||||||||||||||||||||||||
FWR Holding Corporation* | One stop | L + 6.00% | (d) | 8.14% | 08/2023 | 4,059 | 4,006 | 0.5 | 4,059 | |||||||||||||||||||||||||||||||||||||
Fintech Midco, LLC* | One stop | L + 6.00% | (a) | 8.53% | 08/2024 | 11,885 | 11,774 | 1.1 | 11,885 | |||||||||||||||||||||||||||||||||||||
Fintech Midco, LLC(5) | One stop | L + 6.00% | N/A(6) | 08/2024 | — | (1 | ) | — | — | |||||||||||||||||||||||||||||||||||||
Fintech Midco, LLC(5) | One stop | L + 6.00% | N/A(6) | 08/2024 | — | (31 | ) | — | — | |||||||||||||||||||||||||||||||||||||
Flavor Producers, LLC^ | Senior loan | L + 4.75% | (c) | 7.56% | 12/2023 | 2,830 | 2,795 | 0.3 | 2,830 | |||||||||||||||||||||||||||||||||||||
Flavor Producers, LLC(5) | Senior loan | L + 4.75% | N/A(6) | 12/2022 | — | (1 | ) | — | — | |||||||||||||||||||||||||||||||||||||
FWR Holding Corporation^ | One stop | L + 5.75% | (a) | 8.26% | 08/2023 | 4,028 | 3,981 | 0.4 | 4,028 | |||||||||||||||||||||||||||||||||||||
FWR Holding Corporation | One stop | L + 6.00% | (b)(d) | 7.96% | 08/2023 | 1,115 | 1,079 | 0.1 | 1,115 | One stop | L + 5.75% | (a) | 8.26% | 08/2023 | 1,746 | 1,722 | 0.2 | 1,746 | ||||||||||||||||||||||||||||
FWR Holding Corporation | One stop | L + 6.00% | (a)(f) | 7.96% | 08/2023 | 22 | 21 | — | 22 | One stop | L + 5.75% | (a) | 8.26% | 08/2023 | 1,107 | 1,098 | 0.1 | 1,107 | ||||||||||||||||||||||||||||
Global Franchise Group, LLC* | Senior loan | L + 5.75% | (a) | 7.84% | 12/2019 | 4,189 | 4,162 | 0.5 | 4,189 | |||||||||||||||||||||||||||||||||||||
Global Franchise Group, LLC | Senior loan | L + 5.75% | N/A(6) | 12/2019 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Global ID Corporation# | One stop | L + 6.50% | (c) | 8.83% | 11/2021 | 5,115 | 5,072 | 0.6 | 5,115 | |||||||||||||||||||||||||||||||||||||
FWR Holding Corporation | One stop | P + 4.75% | (f) | 10.25% | 08/2023 | 25 | 24 | — | 25 | |||||||||||||||||||||||||||||||||||||
Global ID Corporation^ | One stop | L + 6.50% | (c) | 9.30% | 11/2021 | 5,089 | 5,052 | 0.5 | 5,089 | |||||||||||||||||||||||||||||||||||||
Global ID Corporation^ | One stop | L + 6.50% | (c) | 9.30% | 11/2021 | 756 | 750 | 0.1 | 756 | |||||||||||||||||||||||||||||||||||||
Global ID Corporation | One stop | L + 6.50% | (c) | 8.84% | 11/2021 | 760 | 742 | 0.1 | 760 | One stop | L + 6.50% | (c) | 9.30% | 11/2021 | 452 | 443 | 0.1 | 452 | ||||||||||||||||||||||||||||
Global ID Corporation | One stop | L + 6.50% | (c) | 8.83% | 11/2021 | 9 | 9 | — | 9 | |||||||||||||||||||||||||||||||||||||
Hopdoddy Holdings, LLC | One stop | L + 8.00% | (c) | 10.31% | 08/2020 | 846 | 843 | 0.1 | 846 | |||||||||||||||||||||||||||||||||||||
Hopdoddy Holdings, LLC | One stop | L + 8.00% | (c) | 10.31% | 08/2020 | 96 | 87 | — | 96 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Beverage, Food and Tobacco - (continued) | |||||||||||||||||||||||
Hopdoddy Holdings, LLC | One stop | L + 8.00% | (c) | 10.30% | 08/2020 | $ | 3 | $ | 2 | — | % | $ | 3 | ||||||||||
Mendocino Farms, LLC(5) | One stop | L + 8.50% | N/A(6) | 06/2023 | — | (25 | ) | — | (25 | ) | |||||||||||||
Mid-America Pet Food, L.L.C.#* | One stop | L + 6.00% | (c) | 8.33% | 12/2021 | 12,216 | 12,108 | 1.4 | 12,216 | ||||||||||||||
Mid-America Pet Food, L.L.C.(5) | One stop | L + 6.00% | N/A(6) | 12/2021 | — | (1 | ) | — | — | ||||||||||||||
Purfoods, LLC* | One stop | L + 6.00% | (c) | 8.31% | 05/2021 | 7,797 | 7,729 | 0.9 | 7,797 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.33% | 05/2021 | 352 | 349 | — | 352 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.33% | 05/2021 | 268 | 266 | — | 268 | ||||||||||||||
Purfoods, LLC | One stop | N/A | 7.00% PIK | 05/2026 | 108 | 108 | — | 110 | |||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (a) | 8.05% | 05/2021 | 65 | 64 | — | 65 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.33% | 05/2021 | 24 | 23 | — | 24 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.33% | 05/2021 | 15 | 15 | — | 15 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.33% | 05/2021 | 15 | 15 | — | 15 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.33% | 05/2021 | 14 | 14 | — | 14 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.33% | 05/2021 | 11 | 11 | — | 11 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.33% | 05/2021 | 11 | 11 | — | 11 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.33% | 05/2021 | 10 | 10 | — | 10 | ||||||||||||||
Purfoods, LLC(5) | One stop | L + 6.00% | N/A(6) | 05/2021 | — | (10 | ) | — | — | ||||||||||||||
Rubio's Restaurants, Inc.* | Senior loan | L + 5.25% | (c) | 7.58% | 10/2019 | 296 | 280 | — | 296 | ||||||||||||||
Uinta Brewing Company#(7) | One stop | L + 8.50% | (a) | 10.59% | 08/2019 | 898 | 897 | 0.1 | 718 | ||||||||||||||
Uinta Brewing Company(7) | One stop | L + 8.50% | (a) | 10.59% | 08/2019 | 167 | 167 | — | 132 | ||||||||||||||
82,519 | 81,682 | 9.3 | 82,281 | ||||||||||||||||||||
Broadcasting and Entertainment | |||||||||||||||||||||||
TouchTunes Interactive Networks, Inc.* | Senior loan | L + 4.75% | (a) | 6.84% | 05/2021 | 685 | 683 | 0.1 | 688 | ||||||||||||||
Buildings and Real Estate | |||||||||||||||||||||||
Brooks Equipment Company, LLC* | One stop | L + 5.00% | (c) | 7.31% | 08/2020 | 5,634 | 5,634 | 0.6 | 5,634 | ||||||||||||||
Brooks Equipment Company, LLC* | One stop | L + 5.00% | (c) | 7.31% | 08/2020 | 1,196 | 1,190 | 0.1 | 1,196 | ||||||||||||||
Brooks Equipment Company, LLC | One stop | L + 5.00% | N/A(6) | 08/2020 | — | — | — | — | |||||||||||||||
Jensen Hughes, Inc.# | Senior loan | L + 4.50% | (a) | 6.58% | 03/2024 | 430 | 428 | 0.1 | 430 | ||||||||||||||
Jensen Hughes, Inc.# | Senior loan | L + 4.50% | (a) | 6.59% | 03/2024 | 132 | 130 | — | 132 | ||||||||||||||
Jensen Hughes, Inc. | Senior loan | L + 4.50% | (a) | 6.59% | 03/2024 | 28 | 26 | — | 28 | ||||||||||||||
MRI Software LLC#* | One stop | L + 6.00% | (c) | 8.34% | 06/2023 | 18,688 | 18,391 | 2.1 | 18,688 | ||||||||||||||
MRI Software LLC# | One stop | L + 5.50% | (c) | 7.84% | 06/2023 | 17,304 | 17,133 | 1.9 | 17,304 | ||||||||||||||
MRI Software LLC* | One stop | L + 5.50% | (a) | 7.56% | 06/2023 | 3,107 | 3,090 | 0.4 | 3,107 | ||||||||||||||
MRI Software LLC# | One stop | L + 5.50% | (c) | 7.84% | 06/2023 | 346 | 343 | — | 346 | ||||||||||||||
MRI Software LLC(5) | One stop | L + 5.50% | N/A(6) | 06/2023 | — | (3 | ) | — | — | ||||||||||||||
MRI Software LLC(5) | One stop | L + 5.50% | N/A(6) | 06/2023 | — | (142 | ) | — | — | ||||||||||||||
Paradigm DKD Group, LLC# | Senior loan | L + 6.25% | (a) | 8.34% | 11/2018 | 2,126 | 2,122 | 0.2 | 1,595 | ||||||||||||||
Paradigm DKD Group, LLC | Senior loan | L + 6.25% | (a) | 8.34% | 11/2018 | 856 | 855 | 0.1 | 696 | ||||||||||||||
49,847 | 49,197 | 5.5 | 49,156 | ||||||||||||||||||||
Chemicals, Plastics and Rubber | |||||||||||||||||||||||
Flexan, LLC* | One stop | L + 5.75% | (c) | 8.08% | 02/2020 | 1,033 | 1,026 | 0.1 | 1,033 | ||||||||||||||
Flexan, LLC# | One stop | L + 5.75% | (c) | 8.08% | 02/2020 | 487 | 485 | 0.1 | 487 | ||||||||||||||
Flexan, LLC | One stop | P + 4.50% | (f) | 9.50% | 02/2020 | 11 | 11 | — | 11 | ||||||||||||||
1,531 | 1,522 | 0.2 | 1,531 | ||||||||||||||||||||
Diversified/Conglomerate Manufacturing | |||||||||||||||||||||||
Chase Industries, Inc.# | Senior loan | L + 4.00% | (c) | 6.36% | 05/2025 | 5,404 | 5,311 | 0.6 | 5,377 | ||||||||||||||
Chase Industries, Inc.(5) | Senior loan | L + 4.00% | N/A(6) | 05/2025 | — | (53 | ) | — | (15 | ) | |||||||||||||
Chase Industries, Inc.(5) | Senior loan | L + 4.00% | N/A(6) | 05/2023 | — | (2 | ) | — | — | ||||||||||||||
Inventus Power, Inc.# | One stop | L + 6.50% | (a) | 8.59% | 04/2020 | 9,108 | 9,068 | 0.9 | 8,197 | ||||||||||||||
Inventus Power, Inc. | One stop | L + 6.50% | (a)(c) | 8.68% | 04/2020 | 286 | 284 | — | 242 | ||||||||||||||
Onicon Incorporated#* | One stop | L + 5.50% | (c) | 7.83% | 04/2022 | 249 | 248 | — | 247 | ||||||||||||||
Onicon Incorporated | One stop | L + 5.50% | N/A(6) | 04/2022 | — | — | — | — | |||||||||||||||
PetroChoice Holdings, Inc.* | Senior loan | L + 5.00% | (b)(c) | 7.10% | 08/2022 | 1,616 | 1,584 | 0.2 | 1,616 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Beverage, Food and Tobacco - (continued) | |||||||||||||||||||||||
Global ID Corporation | One stop | L + 6.50% | N/A(6) | 11/2021 | $ | — | $ | — | — | % | $ | — | |||||||||||
Mendocino Farms, LLC(5) | One stop | L + 1.00% | N/A(6) | 06/2023 | — | (22 | ) | — | — | ||||||||||||||
Mid-America Pet Food, L.L.C.^ | One stop | L + 6.00% | (c) | 8.80% | 12/2021 | 12,155 | 12,062 | 1.2 | 12,155 | ||||||||||||||
Mid-America Pet Food, L.L.C.(5) | One stop | L + 6.00% | N/A(6) | 12/2021 | — | (1 | ) | — | — | ||||||||||||||
NBC Intermediate, LLC ^ | Senior loan | L + 4.25% | (a) | 6.78% | 09/2023 | 1,383 | 1,370 | 0.1 | 1,383 | ||||||||||||||
Purfoods, LLC^ | One stop | L + 6.00% | (c) | 8.71% | 05/2021 | 7,797 | 7,741 | 0.7 | 7,797 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.78% | 05/2021 | 492 | 487 | 0.1 | 492 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.80% | 05/2021 | 352 | 349 | — | 352 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.80% | 05/2021 | 268 | 266 | — | 268 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.80% | 05/2021 | 268 | 266 | — | 268 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.80% | 05/2021 | 267 | 265 | — | 267 | ||||||||||||||
Purfoods, LLC | One stop | N/A | 7.00% PIK | 05/2026 | 108 | 108 | — | 108 | |||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (a) | 8.43% | 05/2021 | 35 | 34 | — | 35 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.80% | 05/2021 | 24 | 23 | — | 24 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.80% | 05/2021 | 15 | 15 | — | 15 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.80% | 05/2021 | 15 | 15 | — | 15 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.80% | 05/2021 | 14 | 14 | — | 14 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.80% | 05/2021 | 11 | 11 | — | 11 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.80% | 05/2021 | 11 | 11 | — | 11 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.80% | 05/2021 | 10 | 10 | — | 10 | ||||||||||||||
Rubio's Restaurants, Inc.^ | Senior loan | L + 5.25% | (c) | 8.05% | 10/2019 | 295 | 285 | — | 295 | ||||||||||||||
Uinta Brewing Company*(7) | One stop | L + 8.50% | (a) | 11.02% | 08/2019 | 898 | 898 | — | 404 | ||||||||||||||
Uinta Brewing Company(7) | One stop | L + 8.50% | (a) | 11.02% | 08/2019 | 167 | 167 | — | 70 | ||||||||||||||
Wood Fired Holding Corp.^ | One stop | L + 5.75% | (c) | 8.65% | 12/2023 | 7,298 | 7,226 | 0.7 | 7,225 | ||||||||||||||
Wood Fired Holding Corp.(5) | One stop | L + 5.75% | N/A(6) | 12/2023 | — | (1 | ) | — | (1 | ) | |||||||||||||
Wood Fired Holding Corp.(5) | One stop | L + 5.75% | N/A(6) | 12/2023 | — | (6 | ) | — | (6 | ) | |||||||||||||
97,582 | 96,678 | 9.1 | 96,911 | ||||||||||||||||||||
Broadcasting and Entertainment | |||||||||||||||||||||||
TouchTunes Interactive Networks, Inc.^ | Senior loan | L + 4.75% | (a) | 7.27% | 05/2021 | 681 | 680 | 0.1 | 681 | ||||||||||||||
Buildings and Real Estate | |||||||||||||||||||||||
Brooks Equipment Company, LLC^ | One stop | L + 5.00% | (c) | 7.71% | 08/2020 | 5,634 | 5,634 | 0.5 | 5,634 | ||||||||||||||
Brooks Equipment Company, LLC^ | One stop | L + 5.00% | (b)(c) | 7.67% | 08/2020 | 563 | 561 | 0.1 | 563 | ||||||||||||||
Brooks Equipment Company, LLC | One stop | P + 3.75% | (f) | 9.25% | 08/2020 | 48 | 48 | — | 48 | ||||||||||||||
Jensen Hughes, Inc.* | Senior loan | L + 4.50% | (c) | 6.99% | 03/2024 | 430 | 428 | 0.1 | 430 | ||||||||||||||
Jensen Hughes, Inc. | Senior loan | L + 4.50% | (c) | 6.96% | 03/2024 | 373 | 371 | — | 373 | ||||||||||||||
Jensen Hughes, Inc.* | Senior loan | L + 4.50% | (c)(f) | 7.31% | 03/2024 | 132 | 130 | — | 132 | ||||||||||||||
MRI Software LLC^ | One stop | L + 5.50% | (c) | 8.31% | 06/2023 | 18,593 | 18,326 | 1.8 | 18,593 | ||||||||||||||
MRI Software LLC* | One stop | L + 5.50% | (c) | 8.31% | 06/2023 | 17,217 | 17,063 | 1.6 | 17,217 | ||||||||||||||
MRI Software LLC^ | One stop | L + 5.50% | (c) | 8.31% | 06/2023 | 3,091 | 3,076 | 0.3 | 3,091 | ||||||||||||||
MRI Software LLC* | One stop | L + 5.50% | (c) | 7.90% | 06/2023 | 1,978 | 1,971 | 0.2 | 1,978 | ||||||||||||||
MRI Software LLC^ | One stop | L + 5.50% | (c) | 8.31% | 06/2023 | 345 | 341 | — | 345 | ||||||||||||||
MRI Software LLC | One stop | L + 5.50% | (a) | 7.98% | 06/2023 | 19 | 16 | — | 19 | ||||||||||||||
MRI Software LLC(5) | One stop | L + 5.50% | N/A(6) | 06/2023 | — | (121 | ) | — | — | ||||||||||||||
Paradigm DKD Group, LLC*(7) | Senior loan | L + 6.25% | (a) | 8.77% | 05/2020 | 2,110 | 2,110 | 0.1 | 844 | ||||||||||||||
Paradigm DKD Group, LLC(7) | Senior loan | L + 6.25% | (a) | 8.77% | 05/2020 | 856 | 852 | — | 343 | ||||||||||||||
51,389 | 50,806 | 4.7 | 49,610 | ||||||||||||||||||||
Chemicals, Plastics and Rubber | |||||||||||||||||||||||
Flexan, LLC^ | One stop | L + 5.75% | (c) | 8.55% | 02/2020 | 1,028 | 1,023 | 0.1 | 1,028 | ||||||||||||||
Flexan, LLC^ | One stop | L + 5.75% | (c) | 8.55% | 02/2020 | 485 | 483 | 0.1 | 485 | ||||||||||||||
Flexan, LLC | One stop | P + 4.50% | (f) | 10.00% | 02/2020 | 11 | 11 | — | 11 | ||||||||||||||
Inhance Technologies Holdings LLC^ | One stop | L + 5.25% | (c) | 8.03% | 07/2024 | 6,048 | 5,979 | 0.6 | 6,048 | ||||||||||||||
Inhance Technologies Holdings LLC(5) | One stop | L + 5.25% | N/A(6) | 07/2024 | — | (1 | ) | — | — | ||||||||||||||
Inhance Technologies Holdings LLC(5) | One stop | L + 5.25% | N/A(6) | 07/2024 | — | (19 | ) | — | — | ||||||||||||||
7,572 | 7,476 | 0.8 | 7,572 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Diversified/Conglomerate Manufacturing - (continued) | |||||||||||||||||||||||
Reladyne, Inc.#* | Senior loan | L + 5.00% | (c) | 7.31% | 07/2022 | $ | 10,725 | $ | 10,630 | 1.2 | % | $ | 10,725 | ||||||||||
Reladyne, Inc. | Senior loan | L + 5.00% | (c) | 7.34% | 07/2022 | 1,123 | 1,110 | 0.1 | 1,123 | ||||||||||||||
Reladyne, Inc. | Senior loan | L + 5.00% | (c) | 7.10% | 07/2022 | 973 | 965 | 0.1 | 973 | ||||||||||||||
Reladyne, Inc.(5) | Senior loan | L + 5.00% | N/A(6) | 07/2022 | — | (20 | ) | — | — | ||||||||||||||
Source Refrigeration & HVAC, Inc.# | Senior loan | L + 4.75% | (c) | 7.11% | 04/2023 | 7,255 | 7,174 | 0.8 | 7,183 | ||||||||||||||
Source Refrigeration & HVAC, Inc. | Senior loan | P + 3.75% | (f) | 8.75% | 04/2023 | 67 | 65 | — | 65 | ||||||||||||||
Source Refrigeration & HVAC, Inc.(5) | Senior loan | L + 4.75% | N/A(6) | 04/2023 | — | (50 | ) | — | (45 | ) | |||||||||||||
Sunless Merger Sub, Inc.# | Senior loan | L + 5.00% | (a) | 7.09% | 07/2019 | 274 | 257 | — | 274 | ||||||||||||||
Sunless Merger Sub, Inc. | Senior loan | P + 3.75% | (f) | 8.75% | 07/2019 | 66 | 65 | — | 66 | ||||||||||||||
Togetherwork Holdings, LLC# | One stop | L + 6.50% | (a) | 8.59% | 03/2025 | 6,742 | 6,645 | 0.8 | 6,742 | ||||||||||||||
Togetherwork Holdings, LLC | One stop | L + 6.50% | (a) | 8.59% | 03/2025 | 1,629 | 1,614 | 0.2 | 1,629 | ||||||||||||||
Togetherwork Holdings, LLC | One stop | L + 6.50% | (a) | 8.59% | 03/2025 | 1,517 | 1,502 | 0.2 | 1,517 | ||||||||||||||
Togetherwork Holdings, LLC | One stop | L + 6.50% | (a) | 8.59% | 03/2024 | 63 | 62 | — | 63 | ||||||||||||||
Togetherwork Holdings, LLC(5) | One stop | L + 6.50% | N/A(6) | 03/2025 | — | (40 | ) | — | — | ||||||||||||||
47,097 | 46,419 | 5.1 | 45,979 | ||||||||||||||||||||
Diversified/Conglomerate Service | |||||||||||||||||||||||
Accela, Inc.# | One stop | L + 6.00% | (c) | 8.33% | 09/2023 | 6,665 | 6,575 | 0.7 | 6,665 | ||||||||||||||
Accela, Inc.(5) | One stop | L + 6.00% | N/A(6) | 09/2023 | — | (1 | ) | — | — | ||||||||||||||
Agility Recovery Solutions Inc.* | One stop | L + 6.50% | (a) | 8.59% | 03/2020 | 6,159 | 6,127 | 0.7 | 6,159 | ||||||||||||||
Agility Recovery Solutions Inc.(5) | One stop | L + 6.50% | N/A(6) | 03/2020 | — | (1 | ) | — | — | ||||||||||||||
Anaqua, Inc.# | One stop | L + 6.50% | (c) | 8.86% | 07/2022 | 8,872 | 8,764 | 1.0 | 8,872 | ||||||||||||||
Anaqua, Inc.(5) | One stop | L + 6.50% | N/A(6) | 07/2022 | — | (1 | ) | — | — | ||||||||||||||
Apttus Corporation | One stop | L + 7.85% | 10.06% | 01/2023 | 6,843 | 6,598 | 0.8 | 6,843 | |||||||||||||||
Bazaarvoice, Inc.# | One stop | L + 8.00% | (a) | 10.09% | 02/2024 | 10,922 | 10,719 | 1.2 | 10,922 | ||||||||||||||
Bazaarvoice, Inc. | One stop | P + 7.00% | (f) | 12.00% | 02/2024 | 30 | 28 | — | 30 | ||||||||||||||
Browz LLC | One stop | L + 9.50% | (a) | 9.98% cash/1.50% PIK | 03/2023 | 1,830 | 1,808 | 0.2 | 1,830 | ||||||||||||||
Browz LLC | One stop | L + 9.50% | N/A(6) | 03/2023 | — | — | — | — | |||||||||||||||
Centrify Corporation | One stop | L + 10.00% | (a) | 12.09% | 05/2023 | 4,036 | 4,017 | 0.5 | 4,218 | ||||||||||||||
Centrify Corporation(5) | One stop | L + 10.00% | N/A(6) | 05/2023 | — | (9 | ) | — | — | ||||||||||||||
Centrify Corporation | One stop | L + 5.50% | N/A(6) | 05/2023 | — | — | — | — | |||||||||||||||
Clearwater Analytics, LLC#* | One stop | L + 5.00% | (a) | 7.09% | 09/2022 | 8,070 | 7,870 | 0.9 | 8,070 | ||||||||||||||
Clearwater Analytics, LLC | One stop | L + 5.00% | (a) | 7.08% | 09/2022 | 5 | 3 | — | 5 | ||||||||||||||
Cloudbees, Inc. | One stop | L + 9.00% | (a) | 10.59% cash/0.50% PIK | 05/2023 | 2,274 | 2,215 | 0.3 | 2,209 | ||||||||||||||
Cloudbees, Inc. | One stop | L + 9.00% | N/A(6) | 05/2023 | — | — | — | — | |||||||||||||||
Confluence Technologies, Inc. | One stop | L + 7.50% | (a) | 9.55% | 03/2024 | 8,616 | 8,513 | 1.0 | 8,616 | ||||||||||||||
Confluence Technologies, Inc. | One stop | L + 7.50% | (a)(b)(f) | 9.76% | 03/2024 | 30 | 29 | — | 30 | ||||||||||||||
Connexin Software, Inc. | One stop | L + 8.50% | (a) | 10.59% | 02/2024 | 2,920 | 2,879 | 0.3 | 2,920 | ||||||||||||||
Connexin Software, Inc. | One stop | L + 8.50% | N/A(6) | 02/2024 | — | — | — | — | |||||||||||||||
Datto, Inc. | One stop | L + 8.00% | (a) | 10.05% | 12/2022 | 14,093 | 13,843 | 1.6 | 14,093 | ||||||||||||||
Datto, Inc.(5) | One stop | L + 8.00% | N/A(6) | 12/2022 | — | (1 | ) | — | — | ||||||||||||||
Daxko Acquisition Corporation#* | One stop | L + 6.50% | (a) | 8.59% | 09/2022 | 11,183 | 11,056 | 1.3 | 11,183 | ||||||||||||||
Daxko Acquisition Corporation | One stop | L + 6.50% | N/A(6) | 09/2022 | — | — | — | — | |||||||||||||||
Digital Guardian, Inc. | One stop | L + 9.00% | (c) | 10.34% cash/1.00% PIK | 06/2023 | 4,352 | 4,319 | 0.5 | 4,318 | ||||||||||||||
Digital Guardian, Inc. | Subordinated debt | N/A | 8.00% PIK | 01/2019 | 218 | 218 | — | 218 | |||||||||||||||
Digital Guardian, Inc. | One stop | L + 6.00% | N/A(6) | 06/2023 | — | — | — | — | |||||||||||||||
Digital Guardian, Inc.(5) | One stop | L + 9.00% | N/A(6) | 06/2023 | — | (2 | ) | — | (2 | ) | |||||||||||||
DISA Holdings Acquisition Subsidiary Corp.#* | Senior loan | L + 4.00% | (c)(f) | 6.69% | 06/2022 | 2,055 | 2,038 | 0.2 | 2,044 | ||||||||||||||
DISA Holdings Acquisition Subsidiary Corp.(5) | Senior loan | L + 4.00% | N/A(6) | 06/2022 | — | (3 | ) | — | (3 | ) | |||||||||||||
DISA Holdings Acquisition Subsidiary Corp.(5) | Senior loan | L + 4.00% | N/A(6) | 06/2022 | — | (3 | ) | — | (2 | ) | |||||||||||||
EGD Security Systems, LLC#* | One stop | L + 6.25% | (c) | 8.58% | 06/2022 | 10,372 | 10,286 | 1.2 | 10,372 | ||||||||||||||
EGD Security Systems, LLC* | One stop | L + 6.25% | (c) | 8.56% | 06/2022 | 98 | 97 | — | 98 | ||||||||||||||
EGD Security Systems, LLC | One stop | L + 6.25% | (c) | 8.25% | 06/2022 | 52 | 51 | — | 52 | ||||||||||||||
EGD Security Systems, LLC | One stop | L + 6.25% | (c) | 8.58% | 06/2022 | 35 | 34 | — | 35 | ||||||||||||||
GS Acquisitionco, Inc.# | One stop | L + 4.75% | (a) | 6.85% | 05/2024 | 12,169 | 12,050 | 1.3 | 12,048 | ||||||||||||||
GS Acquisitionco, Inc.# | One stop | L + 4.75% | (a) | 6.85% | 05/2024 | 2,196 | 2,174 | 0.2 | 2,174 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Diversified/Conglomerate Manufacturing | |||||||||||||||||||||||
Chase Industries, Inc.* | Senior loan | L + 4.00% | (c)(f) | 6.61% | 05/2025 | $ | 5,377 | $ | 5,291 | 0.5 | % | $ | 5,377 | ||||||||||
Chase Industries, Inc. | Senior loan | L + 4.00% | (c)(f) | 6.82% | 05/2025 | 165 | 115 | — | 165 | ||||||||||||||
Chase Industries, Inc. | Senior loan | L + 4.00% | (c)(f) | 6.76% | 05/2023 | 43 | 41 | — | 43 | ||||||||||||||
Inventus Power, Inc.* | One stop | L + 6.50% | (a) | 9.02% | 04/2020 | 9,054 | 9,025 | 0.8 | 8,149 | ||||||||||||||
Inventus Power, Inc. | One stop | L + 6.50% | (a)(c) | 9.09% | 04/2020 | 338 | 337 | — | 294 | ||||||||||||||
Onicon Incorporated^* | One stop | L + 5.50% | (c) | 8.30% | 04/2022 | 308 | 305 | — | 302 | ||||||||||||||
Onicon Incorporated(8)(9) | One stop | L + 5.50% | (c) | 6.50% | 04/2022 | 61 | 60 | — | 60 | ||||||||||||||
Onicon Incorporated(5) | One stop | L + 5.50% | N/A(6) | 04/2022 | — | (1 | ) | — | (1 | ) | |||||||||||||
Pasternack Enterprises, Inc. and Fairview Microwave, Inc* | Senior loan | L + 4.00% | (c)(f) | 6.52% | 07/2025 | 5,245 | 5,220 | 0.5 | 5,245 | ||||||||||||||
Pasternack Enterprises, Inc. and Fairview Microwave, Inc | Senior loan | L + 4.00% | N/A(6) | 07/2023 | — | — | — | — | |||||||||||||||
PetroChoice Holdings, Inc.^ | Senior loan | L + 5.00% | (c) | 7.53% | 08/2022 | 1,608 | 1,579 | 0.2 | 1,608 | ||||||||||||||
Reladyne, Inc.^ | Senior loan | L + 5.00% | (c) | 7.40% | 07/2022 | 10,670 | 10,587 | 1.0 | 10,670 | ||||||||||||||
Reladyne, Inc. | Senior loan | L + 5.00% | (b)(c) | 7.39% | 07/2022 | 1,121 | 1,110 | 0.1 | 1,121 | ||||||||||||||
Reladyne, Inc. | Senior loan | L + 5.00% | (b)(c) | 7.40% | 07/2022 | 970 | 964 | 0.1 | 970 | ||||||||||||||
Reladyne, Inc. | Senior loan | L + 5.00% | (c) | 7.80% | 07/2022 | 441 | 438 | 0.1 | 441 | ||||||||||||||
Reladyne, Inc.(5) | Senior loan | L + 5.00% | N/A(6) | 07/2022 | — | (15 | ) | — | — | ||||||||||||||
Reladyne, Inc.(5) | Senior loan | L + 5.00% | N/A(6) | 07/2022 | — | (40 | ) | — | — | ||||||||||||||
Source Refrigeration & HVAC, Inc.^ | Senior loan | L + 4.75% | (c) | 7.56% | 04/2023 | 7,219 | 7,147 | 0.7 | 7,219 | ||||||||||||||
Source Refrigeration & HVAC, Inc.^ | Senior loan | L + 4.75% | (c) | 7.56% | 04/2023 | 1,434 | 1,422 | 0.1 | 1,434 | ||||||||||||||
Source Refrigeration & HVAC, Inc. | Senior loan | L + 4.75% | (c) | 7.56% | 04/2023 | 737 | 730 | 0.1 | 737 | ||||||||||||||
Source Refrigeration & HVAC, Inc. | Senior loan | P + 3.75% | (f) | 9.25% | 04/2023 | 43 | 42 | — | 43 | ||||||||||||||
Source Refrigeration & HVAC, Inc.(5) | Senior loan | L + 4.75% | N/A(6) | 04/2023 | — | (26 | ) | — | — | ||||||||||||||
Sunless Merger Sub, Inc.* | Senior loan | L + 5.00% | (a) | 7.52% | 07/2019 | 262 | 253 | — | 262 | ||||||||||||||
Sunless Merger Sub, Inc. | Senior loan | P + 3.75% | (f) | 9.25% | 07/2019 | 52 | 51 | — | 52 | ||||||||||||||
Togetherwork Holdings, LLC^ | One stop | L + 6.50% | (a) | 9.02% | 03/2025 | 6,708 | 6,619 | 0.6 | 6,708 | ||||||||||||||
Togetherwork Holdings, LLC* | One stop | L + 6.50% | (a) | 9.02% | 03/2025 | 1,714 | 1,698 | 0.2 | 1,714 | ||||||||||||||
Togetherwork Holdings, LLC* | One stop | L + 6.50% | (a) | 9.02% | 03/2025 | 1,621 | 1,607 | 0.2 | 1,621 | ||||||||||||||
Togetherwork Holdings, LLC* | One stop | L + 6.50% | (a) | 9.02% | 03/2025 | 1,509 | 1,496 | 0.1 | 1,509 | ||||||||||||||
Togetherwork Holdings, LLC | One stop | L + 6.50% | (a) | 9.02% | 03/2025 | 1,357 | 1,329 | 0.1 | 1,357 | ||||||||||||||
Togetherwork Holdings, LLC^ | One stop | L + 6.50% | (a) | 9.02% | 03/2025 | 679 | 669 | 0.1 | 679 | ||||||||||||||
Togetherwork Holdings, LLC | One stop | L + 6.50% | (a) | 9.02% | 03/2025 | 56 | 34 | — | 56 | ||||||||||||||
Togetherwork Holdings, LLC | One stop | L + 6.50% | (a) | 9.01% | 03/2024 | 18 | 16 | — | 18 | ||||||||||||||
58,810 | 58,103 | 5.5 | 57,853 | ||||||||||||||||||||
Diversified/Conglomerate Service | |||||||||||||||||||||||
Accela, Inc.^ | One stop | L + 6.00% | (c) | 8.80% | 09/2023 | 6,665 | 6,583 | 0.6 | 6,665 | ||||||||||||||
Accela, Inc. | One stop | P + 5.00% | (f) | 10.50% | 09/2023 | 36 | 35 | — | 36 | ||||||||||||||
Agility Recovery Solutions Inc.^ | One stop | L + 6.50% | (a) | 9.02% | 03/2020 | 6,138 | 6,115 | 0.6 | 6,138 | ||||||||||||||
Agility Recovery Solutions Inc. | One stop | L + 6.50% | (c) | 8.89% | 03/2020 | 124 | 123 | — | 124 | ||||||||||||||
Anaqua, Inc.^ | One stop | L + 6.50% | (c) | 8.98% | 07/2022 | 8,828 | 8,731 | 0.8 | 8,828 | ||||||||||||||
Anaqua, Inc.(5) | One stop | L + 6.50% | N/A(6) | 07/2022 | — | (1 | ) | — | — | ||||||||||||||
AutoQuotes, LLC* | One stop | L + 6.00% | (c) | 8.69% | 11/2024 | 5,252 | 5,200 | 0.5 | 5,199 | ||||||||||||||
AutoQuotes, LLC(5) | One stop | L + 6.00% | N/A(6) | 11/2024 | — | — | — | (1 | ) | ||||||||||||||
Bazaarvoice, Inc.^* | One stop | L + 5.75% | (a) | 8.27% | 02/2024 | 23,523 | 23,225 | 2.2 | 23,288 | ||||||||||||||
Bazaarvoice, Inc. | One stop | L + 5.75% | (a)(f) | 8.27% | 02/2024 | 50 | 46 | — | 48 | ||||||||||||||
Browz LLC | One stop | L + 9.50% | (b)(c)(f) | 10.40% cash/1.50% PIK | 03/2023 | 1,843 | 1,824 | 0.2 | 1,843 | ||||||||||||||
Browz LLC | One stop | L + 9.50% | N/A(6) | 03/2023 | — | — | — | — | |||||||||||||||
Caliper Software, Inc.^ | One stop | L + 5.50% | (a) | 8.02% | 11/2025 | 7,025 | 6,967 | 0.7 | 6,972 | ||||||||||||||
Caliper Software, Inc. | One stop | L + 5.50% | (b) | 8.04% | 11/2023 | 4 | 4 | — | 4 | ||||||||||||||
Centrify Corporation | One stop | L + 6.25% | (c) | 9.06% | 08/2024 | 12,606 | 12,429 | 1.2 | 12,606 | ||||||||||||||
Centrify Corporation | One stop | P + 5.25% | (f) | 10.75% | 08/2024 | 50 | 48 | — | 50 | ||||||||||||||
Clearwater Analytics, LLC^ | One stop | L + 5.00% | (a) | 7.52% | 09/2022 | 7,926 | 7,750 | 0.8 | 7,926 | ||||||||||||||
Clearwater Analytics, LLC(5) | One stop | L + 5.00% | N/A(6) | 09/2022 | — | (2 | ) | — | — | ||||||||||||||
Cloudbees, Inc. | One stop | L + 9.00% | (a) | 10.85% cash/0.50% PIK | 05/2023 | 2,277 | 2,224 | 0.2 | 2,277 | ||||||||||||||
Cloudbees, Inc. | One stop | L + 9.00% | N/A(6) | 05/2023 | — | — | — | — |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Diversified/Conglomerate Service - (continued) | |||||||||||||||||||||||
GS Acquisitionco, Inc.(5) | One stop | L + 4.75% | N/A(6) | 05/2024 | $ | — | $ | (1 | ) | — | % | $ | (1 | ) | |||||||||
GS Acquisitionco, Inc.(5) | One stop | L + 4.75% | N/A(6) | 05/2024 | — | (30 | ) | — | (30 | ) | |||||||||||||
HealthcareSource HR, Inc.#* | One stop | L + 6.75% | (c) | 9.08% | 05/2020 | 11,088 | 11,004 | 1.2 | 11,088 | ||||||||||||||
HealthcareSource HR, Inc.(5) | One stop | L + 6.75% | N/A(6) | 05/2020 | — | (1 | ) | — | — | ||||||||||||||
Host Analytics, Inc. | One stop | N/A | 8.50% cash/2.25% PIK | 08/2021 | 1,404 | 1,392 | 0.2 | 1,404 | |||||||||||||||
Host Analytics, Inc. | One stop | N/A | 8.50% cash/2.25% PIK | 08/2021 | 1,177 | 1,129 | 0.1 | 1,177 | |||||||||||||||
Host Analytics, Inc. | One stop | N/A | 8.50% cash/2.25% PIK | 08/2021 | 329 | 325 | — | 329 | |||||||||||||||
Host Analytics, Inc.(5) | One stop | N/A | 8.50% cash/2.25% PIK | 08/2021 | 2 | (2 | ) | — | 2 | ||||||||||||||
III US Holdings, LLC | One stop | L + 6.50% | N/A(6) | 09/2022 | — | — | — | — | |||||||||||||||
Imprivata, Inc.# | Senior loan | L + 4.00% | (c) | 6.33% | 10/2023 | 16,570 | 16,386 | 1.9 | 16,570 | ||||||||||||||
Imprivata, Inc.(5) | Senior loan | L + 4.00% | N/A(6) | 10/2023 | — | (2 | ) | — | — | ||||||||||||||
Infogix, Inc.* | One stop | L + 6.00% | (c) | 8.33% | 04/2024 | 4,005 | 3,986 | 0.4 | 3,965 | ||||||||||||||
Infogix, Inc. | One stop | L + 6.00% | N/A(6) | 04/2024 | — | — | — | — | |||||||||||||||
Integration Appliance, Inc. | One stop | L + 8.25% | (a) | 10.23% | 09/2020 | 1,550 | 1,543 | 0.2 | 1,550 | ||||||||||||||
Integration Appliance, Inc. | One stop | L + 8.25% | (a) | 10.23% | 09/2020 | 124 | 123 | — | 124 | ||||||||||||||
Integration Appliance, Inc. | One stop | L + 8.25% | (a) | 10.23% | 09/2020 | 25 | 25 | — | 25 | ||||||||||||||
JAMF Holdings, Inc. | One stop | L + 8.00% | (c) | 10.36% | 11/2022 | 5,765 | 5,664 | 0.6 | 5,765 | ||||||||||||||
JAMF Holdings, Inc.(5) | One stop | L + 8.00% | N/A(6) | 11/2022 | — | (1 | ) | — | — | ||||||||||||||
Maverick Bidco Inc.# | One stop | L + 6.25% | (c) | 8.58% | 04/2023 | 22,868 | 22,493 | 2.6 | 22,868 | ||||||||||||||
Maverick Bidco Inc. | One stop | L + 6.25% | (c) | 8.61% | 04/2023 | 3,088 | 3,088 | 0.3 | 3,088 | ||||||||||||||
Maverick Bidco Inc.(5) | One stop | L + 6.25% | N/A(6) | 04/2023 | — | (2 | ) | — | — | ||||||||||||||
Maverick Bidco Inc.(5) | One stop | L + 6.25% | N/A(6) | 04/2023 | — | (71 | ) | — | — | ||||||||||||||
Ministry Brands, LLC# | Senior loan | L + 4.00% | (a) | 6.10% | 12/2022 | 610 | 607 | 0.1 | 607 | ||||||||||||||
Ministry Brands, LLC# | Senior loan | L + 4.00% | (a) | 6.10% | 12/2022 | 349 | 347 | — | 347 | ||||||||||||||
Ministry Brands, LLC(5) | Senior loan | L + 4.00% | N/A(6) | 12/2022 | — | (4 | ) | — | (4 | ) | |||||||||||||
MMan Acquisition Co.# | One stop | L + 6.00% | (a) | 8.09% | 08/2023 | 12,419 | 12,261 | 1.4 | 12,419 | ||||||||||||||
MMan Acquisition Co. | One stop | L + 6.00% | (a)(c) | 8.14% | 08/2023 | 86 | 85 | — | 86 | ||||||||||||||
Net Health Acquisition Corp.# | One stop | L + 5.50% | (a) | 7.59% | 12/2023 | 4,885 | 4,840 | 0.6 | 4,885 | ||||||||||||||
Net Health Acquisition Corp.(5) | One stop | L + 5.50% | N/A(6) | 12/2023 | — | (1 | ) | — | — | ||||||||||||||
Netsmart Technologies, Inc.# | Senior loan | L + 4.50% | (a) | 6.57% | 04/2023 | 1,620 | 1,609 | 0.2 | 1,633 | ||||||||||||||
Netsmart Technologies, Inc.(5) | Senior loan | L + 4.75% | N/A(6) | 04/2023 | — | (7 | ) | — | — | ||||||||||||||
Nextech Systems, LLC# | One stop | L + 6.00% | (a) | 8.09% | 03/2024 | 12,688 | 12,643 | 1.4 | 12,688 | ||||||||||||||
Nextech Systems, LLC | One stop | L + 6.00% | N/A(6) | 03/2024 | — | — | — | — | |||||||||||||||
Nexus Brands Group, Inc.# | One stop | L + 6.00% | (c) | 8.34% | 11/2023 | 3,830 | 3,787 | 0.4 | 3,830 | ||||||||||||||
Nexus Brands Group, Inc. | One stop | L + 6.00% | (c)(f) | 8.33% | 11/2023 | 1,379 | 1,358 | 0.2 | 1,379 | ||||||||||||||
Nexus Brands Group, Inc. | One stop | L + 6.00% | (a) | 8.09% | 11/2023 | 3 | 2 | — | 3 | ||||||||||||||
Property Brands, Inc.# | One stop | L + 6.00% | (a) | 8.09% | 01/2024 | 9,404 | 9,295 | 1.1 | 9,404 | ||||||||||||||
Property Brands, Inc. | One stop | L + 6.00% | (a) | 8.09% | 01/2024 | 3,098 | 3,069 | 0.4 | 3,098 | ||||||||||||||
Property Brands, Inc.(5) | One stop | L + 6.00% | N/A(6) | 01/2024 | — | (11 | ) | — | — | ||||||||||||||
Property Brands, Inc.(5) | One stop | L + 6.00% | N/A(6) | 01/2024 | — | (10 | ) | — | — | ||||||||||||||
Quickbase, Inc. #* | One stop | L + 5.00% | (c) | 7.33% | 04/2022 | 37,700 | 37,135 | 4.2 | 37,512 | ||||||||||||||
Quickbase, Inc. (5) | One stop | L + 5.00% | N/A(6) | 04/2022 | — | (3 | ) | — | — | ||||||||||||||
Saba Software, Inc.#* | Senior loan | L + 4.50% | (a) | 6.59% | 05/2023 | 29,470 | 29,062 | 3.3 | 29,470 | ||||||||||||||
Saba Software, Inc.(5) | Senior loan | L + 4.50% | N/A(6) | 05/2023 | — | (2 | ) | — | — | ||||||||||||||
Saldon Holdings, Inc. * | Senior loan | L + 4.50% | (a) | 6.59% | 09/2022 | 625 | 618 | 0.1 | 625 | ||||||||||||||
Severin Acquisition, LLC# | Senior loan | L + 4.75% | (c) | 7.11% | 07/2021 | 8,482 | 8,395 | 0.9 | 8,451 | ||||||||||||||
Severin Acquisition, LLC* | Senior loan | L + 5.38% | (c) | 7.74% | 07/2021 | 1,416 | 1,403 | 0.2 | 1,435 | ||||||||||||||
Severin Acquisition, LLC* | Senior loan | L + 5.00% | (c) | 7.36% | 07/2021 | 1,261 | 1,250 | 0.1 | 1,265 | ||||||||||||||
Severin Acquisition, LLC# | Senior loan | L + 5.38% | (c) | 7.74% | 07/2021 | 964 | 955 | 0.1 | 977 | ||||||||||||||
Severin Acquisition, LLC#* | Senior loan | L + 4.88% | (c) | 7.24% | 07/2021 | 459 | 454 | 0.1 | 458 | ||||||||||||||
Severin Acquisition, LLC | Senior loan | L + 4.75% | (c) | 7.08% | 07/2021 | 39 | 34 | — | 39 | ||||||||||||||
Switchfly, Inc. | One stop | L + 10.00% | (c) | 10.85% cash/1.50% PIK | 04/2020 | 3,241 | 3,155 | 0.4 | 3,241 | ||||||||||||||
Switchfly, Inc. | One stop | L + 10.00% | (a) | 10.57% cash/1.50% PIK | 06/2018 | 270 | 270 | — | 270 | ||||||||||||||
Switchfly, Inc. | One stop | L + 10.00% | N/A(6) | 04/2020 | — | — | — | — |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Diversified/Conglomerate Service - (continued) | |||||||||||||||||||||||
Confluence Technologies, Inc. | One stop | L + 7.50% | (a) | 9.94% | 03/2024 | $ | 8,573 | $ | 8,480 | 0.8 | % | $ | 8,573 | ||||||||||
Confluence Technologies, Inc.(5) | One stop | L + 7.50% | N/A(6) | 03/2024 | — | (1 | ) | — | — | ||||||||||||||
Connexin Software, Inc. | One stop | L + 8.50% | (a) | 11.02% | 02/2024 | 2,920 | 2,883 | 0.3 | 2,920 | ||||||||||||||
Connexin Software, Inc. | One stop | L + 8.50% | N/A(6) | 02/2024 | — | — | — | — | |||||||||||||||
Conservice, LLC* | One stop | L + 5.25% | (a) | 7.77% | 12/2024 | 2,025 | 2,005 | 0.2 | 2,005 | ||||||||||||||
Conservice, LLC | One stop | P + 4.25% | (f) | 9.75% | 12/2024 | 1 | 1 | — | 1 | ||||||||||||||
Datto, Inc. | One stop | L + 8.00% | (a) | 10.46% | 12/2022 | 14,093 | 13,872 | 1.3 | 14,093 | ||||||||||||||
Datto, Inc.(5) | One stop | L + 8.00% | N/A(6) | 12/2022 | — | (1 | ) | — | — | ||||||||||||||
Daxko Acquisition Corporation^ | One stop | L + 5.25% | (a) | 7.77% | 09/2023 | 11,126 | 10,903 | 1.1 | 11,126 | ||||||||||||||
Daxko Acquisition Corporation(5) | One stop | L + 5.25% | N/A(6) | 09/2023 | — | (1 | ) | — | — | ||||||||||||||
Digital Guardian, Inc. | One stop | L + 9.00% | (c) | 10.40% cash/1.00% PIK | 06/2023 | 4,364 | 4,334 | 0.4 | 4,364 | ||||||||||||||
Digital Guardian, Inc. | Subordinated debt | N/A | 8.00% PIK | 01/2019 | 218 | 218 | — | 320 | |||||||||||||||
Digital Guardian, Inc.(5) | One stop | L + 5.00% | N/A(6) | 06/2023 | — | — | — | (2 | ) | ||||||||||||||
Digital Guardian, Inc.(5) | One stop | L + 9.00% | N/A(6) | 06/2023 | — | (2 | ) | — | — | ||||||||||||||
DISA Holdings Acquisition Subsidiary Corp.^* | Senior loan | L + 4.00% | (a)(c) | 6.35% | 06/2022 | 2,380 | 2,365 | 0.2 | 2,380 | ||||||||||||||
DISA Holdings Acquisition Subsidiary Corp. | Senior loan | L + 4.00% | (a)(c)(f) | 6.51% | 06/2022 | 21 | 20 | — | 21 | ||||||||||||||
DISA Holdings Acquisition Subsidiary Corp.(5) | Senior loan | L + 4.00% | N/A(6) | 06/2022 | — | (2 | ) | — | — | ||||||||||||||
E2open, LLC* | One stop | L + 5.00% | (c) | 7.68% | 11/2024 | 31,324 | 30,862 | 2.9 | 31,011 | ||||||||||||||
E2open, LLC | One stop | L + 5.00% | (c) | 7.68% | 11/2024 | 1,265 | 1,148 | 0.1 | 1,153 | ||||||||||||||
E2open, LLC(5) | One stop | L + 5.00% | N/A(6) | 11/2024 | — | (4 | ) | — | (2 | ) | |||||||||||||
EGD Security Systems, LLC^ | One stop | L + 6.25% | (c) | 9.03% | 06/2022 | 10,371 | 10,297 | 1.0 | 10,371 | ||||||||||||||
EGD Security Systems, LLC | One stop | L + 6.25% | (c) | 9.00% | 06/2022 | 891 | 878 | 0.1 | 891 | ||||||||||||||
EGD Security Systems, LLC^ | One stop | L + 6.25% | (c) | 8.96% | 06/2022 | 98 | 97 | — | 98 | ||||||||||||||
EGD Security Systems, LLC | One stop | L + 6.25% | (c) | 8.85% | 06/2022 | 52 | 51 | — | 52 | ||||||||||||||
EGD Security Systems, LLC(5) | One stop | L + 6.25% | N/A(6) | 06/2022 | — | (1 | ) | — | — | ||||||||||||||
GS Acquisitionco, Inc.^* | One stop | L + 5.25% | (a) | 7.78% | 05/2024 | 13,431 | 13,305 | 1.3 | 13,431 | ||||||||||||||
GS Acquisitionco, Inc.^ | One stop | L + 5.25% | (a) | 7.78% | 05/2024 | 12,109 | 12,000 | 1.1 | 12,109 | ||||||||||||||
GS Acquisitionco, Inc.* | One stop | L + 5.25% | (a) | 7.78% | 05/2024 | 2,901 | 2,874 | 0.3 | 2,901 | ||||||||||||||
GS Acquisitionco, Inc.(5) | One stop | L + 5.00% | N/A(6) | 05/2024 | — | (1 | ) | — | — | ||||||||||||||
GS Acquisitionco, Inc.(5) | One stop | L + 5.25% | N/A(6) | 05/2024 | — | (46 | ) | — | — | ||||||||||||||
HealthcareSource HR, Inc.^ | One stop | L + 6.75% | (c) | 9.55% | 05/2020 | 11,031 | 10,969 | 1.0 | 11,031 | ||||||||||||||
HealthcareSource HR, Inc.(5) | One stop | L + 6.75% | N/A(6) | 05/2020 | — | (1 | ) | — | — | ||||||||||||||
Hydraulic Authority III Limited(8)(9)(10)(11) | One stop | L + 6.00% | (h)(j) | 7.03% | 11/2025 | 6,734 | 6,668 | 0.6 | 6,655 | ||||||||||||||
Hydraulic Authority III Limited(8)(9)(10) | One stop | N/A | 11.00% PIK | 11/2028 | 96 | 96 | — | 96 | |||||||||||||||
Hydraulic Authority III Limited(5)(8)(9)(10) | One stop | L + 6.00% | N/A(6) | 11/2025 | — | (1 | ) | — | (1 | ) | |||||||||||||
ICIMS, Inc. | One stop | L + 6.50% | (a) | 8.94% | 09/2024 | 6,183 | 6,066 | 0.6 | 6,183 | ||||||||||||||
ICIMS, Inc.(5) | One stop | L + 6.50% | N/A(6) | 09/2024 | — | (1 | ) | — | — | ||||||||||||||
III US Holdings, LLC | One stop | L + 6.50% | N/A(6) | 09/2022 | — | — | — | — | |||||||||||||||
Imprivata, Inc.^* | Senior loan | L + 4.00% | (c) | 6.80% | 10/2023 | 13,323 | 13,174 | 1.3 | 13,323 | ||||||||||||||
Imprivata, Inc.(5) | Senior loan | L + 4.00% | N/A(6) | 10/2023 | — | (2 | ) | — | — | ||||||||||||||
Infogix, Inc.^ | One stop | L + 6.00% | (c) | 8.80% | 04/2024 | 3,985 | 3,967 | 0.4 | 3,985 | ||||||||||||||
Infogix, Inc.* | One stop | L + 6.00% | (c) | 8.80% | 04/2024 | 614 | 605 | 0.1 | 614 | ||||||||||||||
Infogix, Inc. | One stop | L + 6.00% | N/A(6) | 04/2024 | — | — | — | — | |||||||||||||||
Integral Ad Science, Inc. | One stop | L + 7.25% | (a) | 8.53% cash/1.25% PIK | 07/2024 | 5,758 | 5,652 | 0.5 | 5,758 | ||||||||||||||
Integral Ad Science, Inc.(5) | One stop | L + 7.25% | N/A(6) | 07/2023 | — | (1 | ) | — | — | ||||||||||||||
Integration Appliance, Inc. | One stop | L + 7.25% | (a) | 9.60% | 08/2023 | 27,263 | 27,029 | 2.6 | 27,263 | ||||||||||||||
Integration Appliance, Inc. | One stop | L + 7.25% | N/A(6) | 08/2023 | — | — | — | — | |||||||||||||||
JAMF Holdings, Inc. | One stop | L + 8.00% | (c) | 10.61% | 11/2022 | 5,764 | 5,675 | 0.5 | 5,764 | ||||||||||||||
JAMF Holdings, Inc.(5) | One stop | L + 8.00% | N/A(6) | 11/2022 | — | (1 | ) | — | — | ||||||||||||||
Kareo, Inc. | One stop | L + 9.00% | (a) | 11.52% | 06/2022 | 5,755 | 5,573 | 0.5 | 5,755 | ||||||||||||||
Kareo, Inc. | One stop | L + 9.00% | (a) | 11.52% | 06/2022 | 421 | 418 | 0.1 | 421 | ||||||||||||||
Kareo, Inc. | One stop | L + 9.00% | N/A(6) | 06/2022 | — | — | — | — | |||||||||||||||
Keais Records Service, LLC* | One stop | L + 4.50% | (a) | 7.02% | 10/2024 | 9,400 | 9,331 | 0.9 | 9,353 | ||||||||||||||
Keais Records Service, LLC(5) | One stop | L + 4.50% | N/A(6) | 10/2024 | — | (1 | ) | — | (1 | ) |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Diversified/Conglomerate Service - (continued) | |||||||||||||||||||||||
Telesoft, LLC# | One stop | L + 5.50% | (c) | 7.81% | 07/2022 | $ | 5,313 | $ | 5,270 | 0.6 | % | $ | 5,313 | ||||||||||
Telesoft, LLC(5) | One stop | L + 5.50% | N/A(6) | 07/2022 | — | (1 | ) | — | — | ||||||||||||||
Transaction Data Systems, Inc.#* | One stop | L + 5.25% | (a) | 7.34% | 06/2021 | 46,250 | 46,038 | 5.1 | 46,036 | ||||||||||||||
Transaction Data Systems, Inc.(5) | One stop | L + 5.25% | N/A(6) | 06/2021 | — | (1 | ) | — | (1 | ) | |||||||||||||
Trintech, Inc. #* | One stop | L + 6.00% | (c) | 8.36% | 12/2023 | 12,014 | 11,877 | 1.3 | 12,014 | ||||||||||||||
Trintech, Inc. #* | One stop | L + 6.00% | (c) | 8.36% | 12/2023 | 6,081 | 6,011 | 0.7 | 6,081 | ||||||||||||||
Trintech, Inc. | One stop | L + 6.00% | (c) | 8.36% | 12/2023 | 30 | 28 | — | 30 | ||||||||||||||
True Commerce, Inc.# | One stop | L + 5.75% | (c) | 8.08% | 11/2023 | 7,126 | 7,046 | 0.8 | 7,126 | ||||||||||||||
True Commerce, Inc.(8)(9) | One stop | L + 5.75% | (c) | 8.08% | 11/2023 | 2,797 | 2,766 | 0.3 | 2,799 | ||||||||||||||
True Commerce, Inc. | One stop | L + 5.75% | (c) | 8.08% | 11/2023 | 930 | 920 | 0.1 | 930 | ||||||||||||||
True Commerce, Inc.(5) | One stop | L + 5.75% | N/A(6) | 11/2023 | — | (1 | ) | — | — | ||||||||||||||
Valant Medical Solutions, Inc. | One stop | L + 11.00% | (a) | 10.78% cash/2.25% PIK | 10/2020 | 1,044 | 971 | 0.1 | 1,044 | ||||||||||||||
Valant Medical Solutions, Inc. | One stop | N/A | 6.00% PIK | 02/2020 | 189 | 189 | — | 265 | |||||||||||||||
Valant Medical Solutions, Inc. | One stop | L + 11.00% | (a) | 10.78% cash/2.25% PIK | 10/2020 | 10 | 10 | — | 10 | ||||||||||||||
Velocity Technology Solutions, Inc.# | One stop | L + 6.00% | (c) | 8.33% | 12/2023 | 10,451 | 10,285 | 1.2 | 10,451 | ||||||||||||||
Velocity Technology Solutions, Inc.(5) | One stop | L + 6.00% | N/A(6) | 12/2023 | — | (1 | ) | — | — | ||||||||||||||
Vendavo, Inc. | One stop | L + 8.50% | (c) | 10.67% | 10/2022 | 6,970 | 6,870 | 0.8 | 6,900 | ||||||||||||||
Vendavo, Inc.(5) | One stop | L + 8.50% | N/A(6) | 10/2022 | — | (5 | ) | — | (3 | ) | |||||||||||||
Vendor Credentialing Service LLC#* | One stop | L + 6.00% | (a) | 8.09% | 11/2021 | 7,573 | 7,503 | 0.9 | 7,573 | ||||||||||||||
Vendor Credentialing Service LLC(5) | One stop | L + 6.00% | N/A(6) | 11/2021 | — | (1 | ) | — | — | ||||||||||||||
Verisys Corporation# | One stop | L + 7.75% | (c) | 10.08% | 01/2023 | 4,769 | 4,714 | 0.5 | 4,769 | ||||||||||||||
Verisys Corporation(5) | One stop | L + 7.75% | N/A(6) | 01/2023 | — | (1 | ) | — | — | ||||||||||||||
Workforce Software, LLC | One stop | L + 10.50% | (c) | 5.84% cash/7.00% PIK | 06/2021 | 24,147 | 24,054 | 2.7 | 24,147 | ||||||||||||||
Workforce Software, LLC | One stop | L + 10.50% | (c) | 5.84% cash/7.00% PIK | 06/2021 | 23 | 23 | — | 23 | ||||||||||||||
462,105 | 456,498 | 51.7 | 461,566 | ||||||||||||||||||||
Ecological | |||||||||||||||||||||||
Pace Analytical Services, LLC#* | One stop | L + 6.25% | (a) | 8.34% | 09/2022 | 15,105 | 14,916 | 1.7 | 15,105 | ||||||||||||||
Pace Analytical Services, LLC# | One stop | L + 6.25% | (a) | 8.34% | 09/2022 | 1,405 | 1,387 | 0.2 | 1,405 | ||||||||||||||
Pace Analytical Services, LLC | One stop | L + 6.25% | (a) | 8.33% | 09/2022 | 1,132 | 1,123 | 0.1 | 1,132 | ||||||||||||||
Pace Analytical Services, LLC* | One stop | L + 6.25% | (a) | 8.34% | 09/2022 | 346 | 342 | — | 346 | ||||||||||||||
Pace Analytical Services, LLC | One stop | L + 6.25% | (a) | 8.33% | 09/2022 | 91 | 90 | — | 91 | ||||||||||||||
Pace Analytical Services, LLC(5) | One stop | L + 6.25% | N/A(6) | 09/2022 | — | (31 | ) | — | — | ||||||||||||||
WRE Holding Corp.# | Senior loan | L + 4.75% | (a) | 6.84% | 01/2023 | 1,312 | 1,300 | 0.1 | 1,312 | ||||||||||||||
WRE Holding Corp. | Senior loan | L + 4.75% | (a) | 6.84% | 01/2023 | 916 | 906 | 0.1 | 916 | ||||||||||||||
WRE Holding Corp. | Senior loan | L + 4.75% | (c) | 7.08% | 01/2023 | 109 | 108 | — | 109 | ||||||||||||||
WRE Holding Corp. | Senior loan | L + 4.75% | (a) | 6.84% | 01/2023 | 17 | 17 | — | 17 | ||||||||||||||
20,433 | 20,158 | 2.2 | 20,433 | ||||||||||||||||||||
Electronics | |||||||||||||||||||||||
Appriss Holdings, Inc.#* | One stop | L + 6.00% | (c) | 8.33% | 11/2020 | 14,657 | 14,544 | 1.6 | 14,657 | ||||||||||||||
Appriss Holdings, Inc.(5) | One stop | L + 6.00% | N/A(6) | 11/2020 | — | (8 | ) | — | — | ||||||||||||||
Compusearch Software Holdings, Inc.* | Senior loan | L + 4.25% | (c) | 6.58% | 05/2021 | 1,000 | 999 | 0.1 | 1,000 | ||||||||||||||
Diligent Corporation#* | One stop | L + 5.50% | (c) | 7.94% | 04/2022 | 31,460 | 30,822 | 3.5 | 31,460 | ||||||||||||||
Diligent Corporation#* | One stop | L + 5.50% | (c) | 7.94% | 04/2022 | 8,823 | 8,693 | 1.0 | 8,823 | ||||||||||||||
Diligent Corporation# | One stop | L + 5.50% | (c) | 7.94% | 04/2022 | 7,806 | 7,699 | 0.9 | 7,806 | ||||||||||||||
Diligent Corporation(5) | One stop | L + 5.50% | N/A(6) | 04/2022 | — | (2 | ) | — | — | ||||||||||||||
Gamma Technologies, LLC#* | One stop | L + 5.50% | (a) | 7.59% | 06/2024 | 12,303 | 12,200 | 1.4 | 12,194 | ||||||||||||||
Gamma Technologies, LLC | One stop | L + 5.50% | (a) | 7.60% | 06/2024 | 20 | 19 | — | 20 | ||||||||||||||
SEI, Inc.#* | Senior loan | L + 5.25% | (a) | 7.34% | 07/2023 | 6,474 | 6,411 | 0.7 | 6,474 | ||||||||||||||
Sloan Company, Inc., The# | One stop | L + 7.25% | (c) | 9.58% | 04/2020 | 3,101 | 3,078 | 0.3 | 2,791 | ||||||||||||||
Sloan Company, Inc., The | One stop | L + 7.25% | (c) | 9.58% | 04/2020 | 209 | 209 | — | 188 | ||||||||||||||
Sloan Company, Inc., The | One stop | L + 7.25% | (c) | 9.60% | 04/2020 | 50 | 50 | — | 45 | ||||||||||||||
Sovos Compliance#* | One stop | L + 6.00% | (a) | 8.09% | 03/2022 | 32,175 | 31,777 | 3.6 | 32,175 | ||||||||||||||
Sovos Compliance* | One stop | L + 6.00% | (a) | 8.09% | 03/2022 | 5,386 | 5,321 | 0.6 | 5,386 | ||||||||||||||
Sovos Compliance | One stop | L + 6.00% | N/A(6) | 03/2022 | — | — | — | — |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Diversified/Conglomerate Service - (continued) | |||||||||||||||||||||||
Keais Records Service, LLC(5) | One stop | L + 4.50% | N/A(6) | 10/2024 | $ | — | $ | (5 | ) | — | % | $ | (3 | ) | |||||||||
Maverick Bidco Inc.^* | One stop | L + 6.25% | (c) | 9.05% | 04/2023 | 22,753 | 22,418 | 2.2 | 22,753 | ||||||||||||||
Maverick Bidco Inc. | One stop | L + 6.25% | (c) | 9.05% | 04/2023 | 3,073 | 3,073 | 0.3 | 3,073 | ||||||||||||||
Maverick Bidco Inc. | One stop | L + 6.25% | (a) | 8.73% | 04/2023 | 33 | 32 | — | 33 | ||||||||||||||
Ministry Brands, LLC* | Senior loan | L + 4.00% | (a) | 6.52% | 12/2022 | 607 | 605 | 0.1 | 607 | ||||||||||||||
Ministry Brands, LLC* | Senior loan | L + 4.00% | (a) | 6.52% | 12/2022 | 347 | 346 | — | 347 | ||||||||||||||
Ministry Brands, LLC | Senior loan | L + 4.00% | (a) | 6.52% | 12/2022 | 241 | 237 | — | 241 | ||||||||||||||
MMan Acquisition Co.* | One stop | L + 6.00% | (c) | 8.53% | 08/2023 | 12,388 | 12,245 | 1.1 | 11,769 | ||||||||||||||
MMan Acquisition Co. | One stop | L + 6.00% | (c) | 8.53% | 08/2023 | 100 | 99 | — | 95 | ||||||||||||||
Net Health Acquisition Corp.^ | One stop | L + 5.50% | (a) | 8.02% | 12/2023 | 4,861 | 4,820 | 0.5 | 4,861 | ||||||||||||||
Net Health Acquisition Corp.^ | One stop | L + 5.50% | (a) | 8.02% | 12/2023 | 678 | 673 | 0.1 | 678 | ||||||||||||||
Net Health Acquisition Corp. | One stop | L + 5.50% | N/A(6) | 12/2023 | — | — | — | — | |||||||||||||||
Netsmart Technologies, Inc.* | Senior loan | L + 3.75% | (a) | 6.27% | 04/2023 | 1,612 | 1,602 | 0.2 | 1,606 | ||||||||||||||
Netsmart Technologies, Inc.(5) | Senior loan | L + 4.75% | N/A(6) | 04/2023 | — | (6 | ) | — | (1 | ) | |||||||||||||
Nextech Systems, LLC^ | One stop | L + 6.00% | (a) | 8.52% | 03/2024 | 12,624 | 12,583 | 1.2 | 12,624 | ||||||||||||||
Nextech Systems, LLC | One stop | L + 6.00% | N/A(6) | 03/2024 | — | — | — | — | |||||||||||||||
Nexus Brands Group, Inc.*(8)(9) | One stop | L + 6.00% | (i) | 7.00% | 11/2023 | 4,116 | 4,075 | 0.4 | 4,081 | ||||||||||||||
Nexus Brands Group, Inc.^ | One stop | L + 6.00% | (c) | 8.78% | 11/2023 | 3,811 | 3,772 | 0.4 | 3,811 | ||||||||||||||
Nexus Brands Group, Inc. | One stop | L + 6.00% | (c) | 8.80% | 11/2023 | 1,373 | 1,367 | 0.1 | 1,373 | ||||||||||||||
Nexus Brands Group, Inc. | One stop | L + 6.00% | (a) | 8.48% | 11/2023 | 34 | 33 | — | 34 | ||||||||||||||
Nexus Brands Group, Inc.(8)(9) | One stop | L + 6.00% | N/A(6) | 11/2023 | — | — | — | — | |||||||||||||||
Nexus Brands Group, Inc.(5)(8)(9) | One stop | L + 6.00% | N/A(6) | 11/2023 | — | (12 | ) | — | (12 | ) | |||||||||||||
Nexus Brands Group, Inc.(5) | One stop | L + 6.00% | N/A(6) | 11/2023 | — | (14 | ) | — | — | ||||||||||||||
Personify, Inc.* | One stop | L + 5.75% | (c) | 8.55% | 09/2024 | 8,418 | 8,338 | 0.8 | 8,334 | ||||||||||||||
Personify, Inc.(5) | One stop | L + 5.75% | N/A(6) | 09/2024 | — | (1 | ) | — | (1 | ) | |||||||||||||
Property Brands, Inc.^ | One stop | L + 6.00% | (a) | 8.52% | 01/2024 | 9,357 | 9,259 | 0.9 | 9,357 | ||||||||||||||
Property Brands, Inc. | One stop | L + 6.00% | (a) | 8.52% | 01/2024 | 3,083 | 3,057 | 0.3 | 3,083 | ||||||||||||||
Property Brands, Inc. | One stop | L + 6.00% | (a) | 8.52% | 01/2024 | 847 | 838 | 0.1 | 847 | ||||||||||||||
Property Brands, Inc.(5) | One stop | L + 6.00% | N/A(6) | 01/2024 | — | (10 | ) | — | — | ||||||||||||||
Quickbase, Inc. ^* | One stop | L + 5.00% | (c) | 7.80% | 04/2022 | 35,692 | 35,211 | 3.4 | 35,692 | ||||||||||||||
Quickbase, Inc. (5) | One stop | L + 5.00% | N/A(6) | 04/2022 | — | (2 | ) | — | — | ||||||||||||||
RegEd Aquireco, LLC* | Senior loan | L + 4.25% | (c) | 6.72% | 12/2024 | 2,826 | 2,798 | 0.3 | 2,804 | ||||||||||||||
RegEd Aquireco, LLC(5) | Senior loan | L + 4.25% | N/A(6) | 12/2024 | — | (1 | ) | — | (1 | ) | |||||||||||||
RegEd Aquireco, LLC(5) | Senior loan | L + 4.25% | N/A(6) | 12/2024 | — | (78 | ) | — | (59 | ) | |||||||||||||
Saba Software, Inc.^* | Senior loan | L + 4.50% | (a) | 7.02% | 05/2023 | 29,321 | 28,956 | 2.8 | 29,174 | ||||||||||||||
Saba Software, Inc.* | Senior loan | L + 4.50% | (a) | 7.02% | 05/2023 | 4,354 | 4,312 | 0.4 | 4,332 | ||||||||||||||
Saba Software, Inc.(5) | Senior loan | L + 4.50% | N/A(6) | 05/2023 | — | (2 | ) | — | (1 | ) | |||||||||||||
Saldon Holdings, Inc. ^* | Senior loan | L + 4.25% | (a)(c) | 6.78% | 09/2022 | 1,130 | 1,122 | 0.1 | 1,130 | ||||||||||||||
Telesoft, LLC^ | One stop | L + 5.00% | (c) | 7.40% | 07/2022 | 5,286 | 5,248 | 0.5 | 5,286 | ||||||||||||||
Telesoft, LLC(5) | One stop | L + 5.00% | N/A(6) | 07/2022 | — | (1 | ) | — | — | ||||||||||||||
TI Intermediate Holdings, LLC* | Senior loan | L + 4.50% | (a) | 7.02% | 12/2024 | 1,904 | 1,885 | 0.2 | 1,885 | ||||||||||||||
TI Intermediate Holdings, LLC | Senior loan | L + 4.50% | (a) | 7.02% | 12/2024 | 4 | 3 | — | 3 | ||||||||||||||
Transaction Data Systems, Inc.^* | One stop | L + 5.25% | (a) | 7.78% | 06/2021 | 46,018 | 45,844 | 4.4 | 46,018 | ||||||||||||||
Transaction Data Systems, Inc. | One stop | L + 5.25% | (a) | 7.74% | 06/2021 | 65 | 64 | — | 65 | ||||||||||||||
Trintech, Inc. ^ | One stop | L + 6.00% | (c) | 8.53% | 12/2023 | 11,954 | 11,829 | 1.1 | 11,954 | ||||||||||||||
Trintech, Inc. ^* | One stop | L + 6.00% | (c) | 8.53% | 12/2023 | 6,050 | 5,988 | 0.6 | 6,050 | ||||||||||||||
Trintech, Inc. | One stop | L + 6.00% | (c) | 8.52% | 12/2023 | 50 | 48 | — | 50 | ||||||||||||||
True Commerce, Inc.^ | One stop | L + 5.75% | (c) | 8.55% | 11/2023 | 7,090 | 7,018 | 0.7 | 7,090 | ||||||||||||||
True Commerce, Inc.(8)(9) | One stop | L + 5.75% | (c) | 8.55% | 11/2023 | 2,783 | 2,755 | 0.3 | 2,690 | ||||||||||||||
True Commerce, Inc.(8) | One stop | L + 5.75% | (c) | 8.55% | 11/2023 | 926 | 916 | 0.1 | 926 | ||||||||||||||
True Commerce, Inc.(5) | One stop | L + 5.75% | N/A(6) | 11/2023 | — | (1 | ) | — | — | ||||||||||||||
Upserve, Inc. | One stop | L + 5.50% | (a) | 8.02% | 07/2023 | 2,172 | 2,157 | 0.2 | 2,172 | ||||||||||||||
Upserve, Inc. | One stop | L + 5.50% | N/A(6) | 07/2023 | — | — | — | — | |||||||||||||||
Upserve, Inc.(5) | One stop | L + 5.50% | N/A(6) | 07/2023 | — | (9 | ) | — | — | ||||||||||||||
Valant Medical Solutions, Inc. | One stop | L + 11.00% | (c) | 11.15% cash/2.25% PIK | 10/2020 | 1,051 | 994 | 0.1 | 1,051 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Electronics - (continued) | |||||||||||||||||||||||
Sovos Compliance(5) | One stop | L + 6.00% | N/A(6) | 03/2022 | $ | — | $ | (2 | ) | — | % | $ | — | ||||||||||
123,464 | 121,810 | 13.7 | 123,019 | ||||||||||||||||||||
Grocery | |||||||||||||||||||||||
Teasdale Quality Foods, Inc.* | Senior loan | L + 4.75% | (c) | 7.06% | 10/2020 | 119 | 118 | — | 119 | ||||||||||||||
Healthcare, Education and Childcare | |||||||||||||||||||||||
Active Day, Inc.#* | One stop | L + 6.00% | (a) | 8.09% | 12/2021 | 11,437 | 11,321 | 1.3 | 11,437 | ||||||||||||||
Active Day, Inc.* | One stop | L + 6.00% | (a) | 8.09% | 12/2021 | 883 | 877 | 0.1 | 883 | ||||||||||||||
Active Day, Inc.# | One stop | L + 6.00% | (a) | 8.09% | 12/2021 | 569 | 566 | 0.1 | 569 | ||||||||||||||
Active Day, Inc.# | One stop | L + 6.00% | (a) | 8.09% | 12/2021 | 393 | 391 | — | 393 | ||||||||||||||
Active Day, Inc.(5) | One stop | L + 6.00% | N/A(6) | 12/2021 | — | (1 | ) | — | — | ||||||||||||||
Acuity Eyecare Holdings, LLC# | One stop | L + 6.75% | (b) | 8.87% | 03/2022 | 3,426 | 3,382 | 0.4 | 3,426 | ||||||||||||||
Acuity Eyecare Holdings, LLC | One stop | L + 6.75% | (b) | 8.87% | 03/2022 | 3,191 | 3,156 | 0.4 | 3,191 | ||||||||||||||
Acuity Eyecare Holdings, LLC | One stop | L + 6.75% | (b) | 8.85% | 03/2022 | 432 | 397 | 0.1 | 432 | ||||||||||||||
Acuity Eyecare Holdings, LLC(5) | One stop | L + 6.75% | N/A(6) | 03/2022 | — | (1 | ) | — | — | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC# | One stop | L + 5.75% | (b) | 7.92% | 05/2022 | 21,738 | 21,408 | 2.4 | 21,304 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC# | One stop | L + 5.75% | (b) | 7.92% | 05/2022 | 107 | 107 | — | 105 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | One stop | L + 5.75% | (b) | 7.92% | 05/2022 | 83 | 83 | — | 81 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | One stop | L + 5.75% | (b)(f) | 8.34% | 05/2022 | 65 | 63 | — | 63 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC* | One stop | L + 5.75% | (b) | 7.92% | 05/2022 | 32 | 31 | — | 31 | ||||||||||||||
Advanced Pain Management Holdings, Inc.# | Senior loan | L + 5.00% | (a) | 7.09% | 08/2018 | 5,593 | 5,593 | 0.5 | 4,195 | ||||||||||||||
Advanced Pain Management Holdings, Inc.# | Senior loan | L + 5.00% | (a) | 7.09% | 08/2018 | 383 | 382 | — | 287 | ||||||||||||||
Advanced Pain Management Holdings, Inc. | Senior loan | L + 5.00% | N/A(6) | 08/2018 | — | — | — | — | |||||||||||||||
Agilitas USA, Inc.# | One stop | L + 6.25% | (c) | 8.56% | 04/2022 | 1,961 | 1,946 | 0.2 | 1,922 | ||||||||||||||
Agilitas USA, Inc. | One stop | L + 6.25% | (c) | 8.56% | 04/2022 | 10 | 9 | — | 8 | ||||||||||||||
Agilitas USA, Inc.(5) | One stop | L + 6.25% | N/A(6) | 04/2022 | — | (12 | ) | — | — | ||||||||||||||
Apothecary Products, LLC* | Senior loan | L + 3.75% | (a) | 5.84% | 02/2019 | 1,857 | 1,857 | 0.2 | 1,857 | ||||||||||||||
Apothecary Products, LLC | Senior loan | L + 3.75% | N/A(6) | 02/2019 | — | — | — | — | |||||||||||||||
Aris Teleradiology Company, LLC#* | Senior loan | L + 5.50% | (c) | 8.00% | 03/2021 | 2,500 | 2,486 | 0.2 | 1,625 | ||||||||||||||
Aris Teleradiology Company, LLC | Senior loan | L + 5.50% | (c) | 7.83% | 03/2021 | 116 | 116 | — | 60 | ||||||||||||||
Avalign Technologies, Inc.* | Senior loan | L + 4.50% | (a) | 6.60% | 07/2021 | 943 | 940 | 0.1 | 943 | ||||||||||||||
BIORECLAMATIONIVT, LLC#* | One stop | L + 5.75% | (a) | 7.84% | 01/2021 | 14,945 | 14,811 | 1.7 | 14,945 | ||||||||||||||
BIORECLAMATIONIVT, LLC | One stop | P + 4.75% | (f) | 9.75% | 01/2021 | 100 | 99 | — | 100 | ||||||||||||||
California Cryobank, LLC* | One stop | L + 5.50% | (c) | 7.83% | 08/2019 | 2,466 | 2,466 | 0.3 | 2,466 | ||||||||||||||
California Cryobank, LLC* | One stop | L + 5.50% | (c) | 7.83% | 08/2019 | 945 | 938 | 0.1 | 945 | ||||||||||||||
California Cryobank, LLC | One stop | L + 5.50% | (c) | 7.82% | 08/2019 | 925 | 915 | 0.1 | 925 | ||||||||||||||
California Cryobank, LLC* | One stop | L + 5.50% | (c) | 7.83% | 08/2019 | 313 | 313 | — | 313 | ||||||||||||||
California Cryobank, LLC | One stop | L + 5.50% | N/A(6) | 08/2019 | — | — | — | — | |||||||||||||||
CLP Healthcare Services, Inc.* | Senior loan | L + 5.50% | (a) | 7.59% | 12/2020 | 929 | 922 | 0.1 | 911 | ||||||||||||||
Curo Health Services LLC# | Senior loan | P + 3.00% | (f) | 8.00% | 02/2022 | 821 | 821 | 0.1 | 823 | ||||||||||||||
DCA Investment Holding, LLC#* | One stop | L + 5.25% | (c) | 7.58% | 07/2021 | 14,490 | 14,393 | 1.6 | 14,490 | ||||||||||||||
DCA Investment Holding, LLC#* | One stop | L + 5.25% | (c) | 7.58% | 07/2021 | 13,520 | 13,400 | 1.5 | 13,520 | ||||||||||||||
DCA Investment Holding, LLC#* | One stop | L + 5.25% | (c) | 7.58% | 07/2021 | 6,057 | 5,980 | 0.7 | 6,057 | ||||||||||||||
DCA Investment Holding, LLC | One stop | L + 5.25% | (c) | 7.58% | 07/2021 | 420 | 253 | 0.1 | 420 | ||||||||||||||
DCA Investment Holding, LLC | One stop | L + 5.25% | (c) | 7.58% | 07/2021 | 152 | 150 | — | 152 | ||||||||||||||
DCA Investment Holding, LLC | One stop | L + 5.25% | (c) | 7.58% | 07/2021 | 47 | 47 | — | 47 | ||||||||||||||
DCA Investment Holding, LLC(5) | One stop | L + 5.25% | N/A(6) | 07/2021 | — | (10 | ) | — | — | ||||||||||||||
Deca Dental Management LLC | One stop | L + 6.25% | (c) | 8.58% | 07/2020 | 7,462 | 7,415 | 0.8 | 7,462 | ||||||||||||||
Deca Dental Management LLC* | One stop | L + 6.25% | (a)(c) | 8.47% | 07/2020 | 908 | 904 | 0.1 | 908 | ||||||||||||||
Deca Dental Management LLC | One stop | L + 6.25% | (a) | 8.34% | 07/2020 | 50 | 50 | — | 50 | ||||||||||||||
Deca Dental Management LLC(5) | One stop | L + 6.25% | N/A(6) | 07/2020 | — | (5 | ) | — | — | ||||||||||||||
Dental Holdings Corporation* | One stop | L + 5.50% | (d) | 8.02% | 02/2020 | 3,183 | 3,160 | 0.4 | 3,183 | ||||||||||||||
Dental Holdings Corporation | One stop | L + 5.50% | (d) | 8.02% | 02/2020 | 505 | 501 | 0.1 | 505 | ||||||||||||||
Dental Holdings Corporation | One stop | L + 5.50% | (a)(b)(f) | 7.54% | 02/2020 | 196 | 193 | — | 196 | ||||||||||||||
Elite Dental Partners LLC# | One stop | L + 5.25% | (c) | 7.58% | 06/2023 | 2,019 | 1,989 | 0.2 | 1,999 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Diversified/Conglomerate Service - (continued) | |||||||||||||||||||||||
Valant Medical Solutions, Inc. | Subordinated debt | N/A | 6.00% PIK | 02/2020 | $ | 189 | $ | 189 | — | % | $ | 283 | |||||||||||
Valant Medical Solutions, Inc. | One stop | L + 11.00% | (c) | 11.15% cash/2.25% PIK | 10/2020 | 10 | 10 | — | 10 | ||||||||||||||
Velocity Technology Solutions, Inc.^ | One stop | L + 6.00% | (c) | 8.80% | 12/2023 | 10,398 | 10,247 | 1.0 | 10,398 | ||||||||||||||
Velocity Technology Solutions, Inc.(5) | One stop | L + 6.00% | N/A(6) | 12/2023 | — | (1 | ) | — | — | ||||||||||||||
Vendavo, Inc. | One stop | L + 8.50% | (c) | 11.21% | 10/2022 | 6,970 | 6,882 | 0.7 | 6,970 | ||||||||||||||
Vendavo, Inc.(5) | One stop | L + 8.50% | N/A(6) | 10/2022 | — | (5 | ) | — | — | ||||||||||||||
Verisys Corporation^ | One stop | L + 7.75% | (c) | 10.55% | 01/2023 | 4,744 | 4,696 | 0.4 | 4,744 | ||||||||||||||
Verisys Corporation(5) | One stop | L + 7.75% | N/A(6) | 01/2023 | — | (1 | ) | — | — | ||||||||||||||
Workforce Software, LLC | One stop | L + 6.50% | (c) | 8.91% | 06/2021 | 24,823 | 24,691 | 2.3 | 24,823 | ||||||||||||||
Workforce Software, LLC | One stop | L + 6.50% | (c) | 9.21% | 06/2021 | 2,454 | 2,433 | 0.2 | 2,454 | ||||||||||||||
Workforce Software, LLC(5) | One stop | L + 6.50% | N/A(6) | 06/2021 | — | (1 | ) | — | — | ||||||||||||||
595,457 | 588,668 | 56.5 | 593,601 | ||||||||||||||||||||
Ecological | |||||||||||||||||||||||
Pace Analytical Services, LLC^* | One stop | L + 5.50% | (a) | 8.02% | 09/2022 | 15,027 | 14,826 | 1.4 | 15,027 | ||||||||||||||
Pace Analytical Services, LLC^ | One stop | L + 5.50% | (a) | 8.02% | 09/2022 | 1,397 | 1,379 | 0.1 | 1,397 | ||||||||||||||
Pace Analytical Services, LLC^ | One stop | L + 5.50% | (a)(c) | 8.01% | 09/2022 | 1,126 | 1,115 | 0.1 | 1,126 | ||||||||||||||
Pace Analytical Services, LLC^ | One stop | L + 5.50% | (a) | 8.02% | 09/2022 | 831 | 822 | 0.1 | 831 | ||||||||||||||
Pace Analytical Services, LLC | One stop | L + 5.50% | (a) | 8.02% | 09/2022 | 515 | 483 | 0.1 | 515 | ||||||||||||||
Pace Analytical Services, LLC^ | One stop | L + 5.50% | (a) | 8.02% | 09/2022 | 345 | 340 | — | 345 | ||||||||||||||
Pace Analytical Services, LLC | One stop | L + 5.50% | (a) | 8.01% | 09/2022 | 10 | 8 | — | 10 | ||||||||||||||
Pace Analytical Services, LLC(5) | One stop | L + 5.50% | N/A(6) | 09/2022 | — | (11 | ) | — | — | ||||||||||||||
WRE Holding Corp.^ | Senior loan | L + 5.00% | (a)(f) | 7.53% | 01/2023 | 1,309 | 1,298 | 0.1 | 1,309 | ||||||||||||||
WRE Holding Corp. | Senior loan | L + 5.00% | (a)(f) | 7.53% | 01/2023 | 914 | 905 | 0.1 | 914 | ||||||||||||||
WRE Holding Corp. | Senior loan | L + 5.00% | (a)(f) | 7.44% | 01/2023 | 254 | 253 | — | 254 | ||||||||||||||
WRE Holding Corp. | Senior loan | L + 5.00% | (a)(c)(f) | 7.52% | 01/2023 | 12 | 12 | — | 12 | ||||||||||||||
21,740 | 21,430 | 2.0 | 21,740 | ||||||||||||||||||||
Electronics | |||||||||||||||||||||||
Appriss Holdings, Inc.^* | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 24,166 | 23,940 | 2.3 | 24,166 | ||||||||||||||
Appriss Holdings, Inc.(5) | One stop | L + 6.25% | N/A(6) | 05/2022 | — | (12 | ) | — | — | ||||||||||||||
Compusearch Software Holdings, Inc.^ | Senior loan | L + 4.25% | (c) | 7.05% | 05/2021 | 995 | 994 | 0.1 | 995 | ||||||||||||||
Diligent Corporation^* | One stop | L + 5.50% | (c) | 8.09% | 04/2022 | 31,302 | 30,750 | 3.0 | 31,302 | ||||||||||||||
Diligent Corporation^ | One stop | L + 5.50% | (c) | 8.09% | 04/2022 | 8,779 | 8,666 | 0.8 | 8,779 | ||||||||||||||
Diligent Corporation^ | One stop | L + 5.50% | (c) | 8.09% | 04/2022 | 7,767 | 7,674 | 0.7 | 7,767 | ||||||||||||||
Diligent Corporation | One stop | L + 5.50% | (c) | 8.28% | 04/2022 | 52 | 49 | — | 52 | ||||||||||||||
Diligent Corporation(5) | One stop | L + 5.50% | N/A(6) | 04/2022 | — | (35 | ) | — | — | ||||||||||||||
Episerver, Inc.(8)(9)(11) | One stop | L + 6.00% | (a) | 6.00% | 10/2024 | 11,408 | 11,263 | 1.1 | 11,270 | ||||||||||||||
Episerver, Inc.(11) | One stop | L + 5.75% | (a) | 8.27% | 10/2024 | 6,613 | 6,529 | 0.6 | 6,547 | ||||||||||||||
Episerver, Inc.(5) | One stop | L + 5.75% | N/A(6) | 10/2024 | — | (3 | ) | — | (2 | ) | |||||||||||||
Gamma Technologies, LLC^* | One stop | L + 5.50% | (a) | 8.02% | 06/2024 | 12,241 | 12,149 | 1.2 | 12,241 | ||||||||||||||
Gamma Technologies, LLC(5) | One stop | L + 5.50% | N/A(6) | 06/2024 | — | (1 | ) | — | — | ||||||||||||||
SEI, Inc.^ | Senior loan | L + 5.25% | (a) | 7.77% | 07/2023 | 5,938 | 5,885 | 0.6 | 5,938 | ||||||||||||||
Sloan Company, Inc., The* | One stop | L + 8.50% | (c) | 11.30% | 04/2020 | 3,149 | 3,133 | 0.2 | 2,205 | ||||||||||||||
Sloan Company, Inc., The | One stop | L + 8.50% | (c) | 11.30% | 04/2020 | 212 | 212 | — | 148 | ||||||||||||||
Sloan Company, Inc., The | One stop | L + 8.50% | (c) | 11.30% | 04/2020 | 51 | 51 | — | 36 | ||||||||||||||
Sovos Compliance^* | One stop | L + 6.00% | (a) | 8.52% | 03/2022 | 32,012 | 31,669 | 3.0 | 32,012 | ||||||||||||||
Sovos Compliance^ | One stop | L + 6.00% | (a) | 8.52% | 03/2022 | 5,359 | 5,303 | 0.5 | 5,359 | ||||||||||||||
Sovos Compliance | One stop | L + 6.00% | (a) | 8.52% | 03/2022 | 2,553 | 2,553 | 0.2 | 2,553 | ||||||||||||||
Sovos Compliance(5) | One stop | L + 6.00% | N/A(6) | 03/2022 | — | (1 | ) | — | — | ||||||||||||||
Sovos Compliance(5) | One stop | L + 6.00% | N/A(6) | 03/2022 | — | (33 | ) | — | — | ||||||||||||||
152,597 | 150,735 | 14.3 | 151,368 | ||||||||||||||||||||
Grocery | |||||||||||||||||||||||
Teasdale Quality Foods, Inc.^ | Senior loan | L + 4.75% | (c) | 7.15% | 10/2020 | 115 | 115 | — | 110 | ||||||||||||||
Teasdale Quality Foods, Inc.* | Senior loan | L + 5.25% | (c)(f) | 7.65% | 10/2020 | 76 | 75 | — | 72 | ||||||||||||||
191 | 190 | — | 182 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Healthcare, Education and Childcare - (continued) | |||||||||||||||||||||||
Elite Dental Partners LLC | One stop | P + 4.25% | (f) | 9.25% | 06/2023 | $ | 10 | $ | 8 | — | % | $ | 9 | ||||||||||
Elite Dental Partners LLC(5) | One stop | L + 5.25% | N/A(6) | 06/2023 | — | (204 | ) | — | (137 | ) | |||||||||||||
ERG Buyer, LLC# | One stop | L + 5.50% | (c) | 7.83% | 05/2024 | 6,358 | 6,264 | 0.7 | 6,294 | ||||||||||||||
ERG Buyer, LLC(5) | One stop | L + 5.50% | N/A(6) | 05/2024 | — | (153 | ) | — | (104 | ) | |||||||||||||
ERG Buyer, LLC(5) | One stop | L + 5.50% | N/A(6) | 05/2024 | — | (2 | ) | — | (2 | ) | |||||||||||||
eSolutions, Inc.#* | One stop | L + 6.50% | (c) | 8.83% | 03/2022 | 17,709 | 17,544 | 2.0 | 17,709 | ||||||||||||||
eSolutions, Inc.(5) | One stop | L + 6.50% | N/A(6) | 03/2022 | — | (1 | ) | — | — | ||||||||||||||
Excelligence Learning Corporation* | One stop | L + 6.00% | (a) | 8.09% | 04/2023 | 6,252 | 6,202 | 0.7 | 6,127 | ||||||||||||||
Eyecare Services Partners Holdings LLC# | One stop | L + 6.25% | (c) | 8.58% | 05/2023 | 10,415 | 10,266 | 1.2 | 10,415 | ||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | L + 6.25% | (c) | 8.58% | 05/2023 | 7,475 | 7,328 | 0.8 | 7,475 | ||||||||||||||
Eyecare Services Partners Holdings LLC# | One stop | L + 6.25% | (c) | 8.58% | 05/2023 | 6,696 | 6,696 | 0.8 | 6,696 | ||||||||||||||
Eyecare Services Partners Holdings LLC# | One stop | L + 6.25% | (c) | 8.58% | 05/2023 | 2,236 | 2,236 | 0.2 | 2,236 | ||||||||||||||
Eyecare Services Partners Holdings LLC# | One stop | L + 6.25% | (c) | 8.58% | 05/2023 | 1,085 | 1,085 | 0.1 | 1,085 | ||||||||||||||
Eyecare Services Partners Holdings LLC# | One stop | L + 6.25% | (c) | 8.58% | 05/2023 | 956 | 956 | 0.1 | 956 | ||||||||||||||
Eyecare Services Partners Holdings LLC# | One stop | L + 6.25% | (c) | 8.58% | 05/2023 | 617 | 466 | 0.1 | 617 | ||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | L + 6.25% | (c) | 8.58% | 05/2023 | 461 | 371 | 0.1 | 461 | ||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | P + 5.25% | (f) | 10.25% | 05/2023 | 85 | 82 | — | 85 | ||||||||||||||
G & H Wire Company, Inc.# | One stop | L + 5.75% | (a) | 7.84% | 09/2023 | 1,140 | 1,130 | 0.1 | 1,140 | ||||||||||||||
G & H Wire Company, Inc.(5) | One stop | L + 5.50% | N/A(6) | 09/2022 | — | (1 | ) | — | — | ||||||||||||||
Immucor, Inc. # | Senior loan | L + 5.00% | (a) | 7.09% | 06/2021 | 2,039 | 2,035 | 0.2 | 2,068 | ||||||||||||||
Kareo, Inc. | One stop | L + 9.00% | (a) | 11.09% | 06/2022 | 5,755 | 5,547 | 0.6 | 5,755 | ||||||||||||||
Kareo, Inc. | One stop | L + 9.00% | (a) | 11.09% | 06/2022 | 421 | 417 | 0.1 | 421 | ||||||||||||||
Kareo, Inc. | One stop | L + 9.00% | N/A(6) | 06/2022 | — | — | — | — | |||||||||||||||
Katena Holdings, Inc.* | One stop | L + 6.75% | (c) | 9.08% | 06/2021 | 4,486 | 4,453 | 0.5 | 4,396 | ||||||||||||||
Katena Holdings, Inc.* | One stop | L + 6.75% | (c) | 9.08% | 06/2021 | 438 | 435 | 0.1 | 429 | ||||||||||||||
Katena Holdings, Inc.# | One stop | L + 6.75% | (c) | 9.08% | 06/2021 | 302 | 298 | — | 296 | ||||||||||||||
Katena Holdings, Inc. | One stop | P + 5.75% | (f) | 10.75% | 06/2021 | 100 | 99 | — | 98 | ||||||||||||||
Lombart Brothers, Inc.# | One stop | L + 6.75% | (c) | 9.08% | 04/2022 | 3,352 | 3,301 | 0.4 | 3,352 | ||||||||||||||
Lombart Brothers, Inc.#(8) | One stop | L + 6.75% | (c) | 9.08% | 04/2022 | 1,538 | 1,515 | 0.2 | 1,538 | ||||||||||||||
Lombart Brothers, Inc.(5) | One stop | L + 6.75% | N/A(6) | 04/2022 | — | (1 | ) | — | — | ||||||||||||||
Lombart Brothers, Inc.(8) | One stop | L + 6.75% | N/A(6) | 04/2022 | — | — | — | — | |||||||||||||||
Maverick Healthcare Group, LLC# | Senior loan | L + 7.50% | (a) | 7.59% cash/2.00% PIK | 12/2017 | 455 | 455 | 0.1 | 455 | ||||||||||||||
MWD Management, LLC & MWD Services, Inc.# | One stop | L + 5.25% | (c) | 7.58% | 06/2023 | 4,392 | 4,392 | 0.5 | 4,392 | ||||||||||||||
MWD Management, LLC & MWD Services, Inc.# | One stop | L + 5.25% | (c) | 7.58% | 06/2023 | 1,298 | 1,285 | 0.1 | 1,298 | ||||||||||||||
MWD Management, LLC & MWD Services, Inc.(5) | One stop | L + 5.25% | N/A(6) | 06/2022 | — | (1 | ) | — | — | ||||||||||||||
MWD Management, LLC & MWD Services, Inc.(5) | One stop | L + 5.25% | N/A(6) | 06/2023 | — | (76 | ) | — | — | ||||||||||||||
Oliver Street Dermatology Holdings, LLC#* | One stop | L + 6.25% | (c) | 8.58% | 05/2022 | 8,739 | 8,614 | 1.0 | 8,739 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.25% | (c) | 8.60% | 05/2022 | 1,901 | 1,874 | 0.2 | 1,901 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 8.58% | 05/2022 | 1,890 | 1,871 | 0.2 | 1,890 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.25% | (c) | 8.58% | 05/2022 | 1,355 | 1,341 | 0.2 | 1,355 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC# | One stop | L + 6.25% | (c) | 8.58% | 05/2022 | 1,046 | 1,035 | 0.1 | 1,046 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.25% | (c) | 8.58% | 05/2022 | 1,043 | 1,033 | 0.1 | 1,043 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.25% | (c) | 8.58% | 05/2022 | 812 | 804 | 0.1 | 812 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 8.58% | 05/2022 | 46 | 45 | — | 46 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 8.58% | 05/2022 | 42 | 41 | — | 42 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 8.58% | 05/2022 | 32 | 32 | — | 32 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 8.58% | 05/2022 | 30 | 30 | — | 30 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.25% | (c)(f) | 8.87% | 05/2022 | 20 | 18 | — | 20 | ||||||||||||||
ONsite Mammography, LLC | One stop | L + 6.75% | (a) | 8.84% | 11/2023 | 2,845 | 2,813 | 0.3 | 2,845 | ||||||||||||||
ONsite Mammography, LLC | One stop | L + 6.75% | (c)(d) | 8.93% | 11/2023 | 237 | 225 | — | 237 | ||||||||||||||
ONsite Mammography, LLC(5) | One stop | L + 6.75% | N/A(6) | 11/2023 | — | (1 | ) | — | — | ||||||||||||||
Pinnacle Treatment Centers, Inc.# | One stop | L + 6.25% | (c) | 8.61% | 08/2021 | 9,674 | 9,568 | 1.1 | 9,674 | ||||||||||||||
Pinnacle Treatment Centers, Inc. | One stop | L + 6.25% | (c) | 8.61% | 08/2021 | 55 | 55 | — | 55 | ||||||||||||||
Pinnacle Treatment Centers, Inc. | One stop | L + 6.25% | (c)(f) | 8.81% | 08/2021 | 35 | 34 | — | 35 | ||||||||||||||
Pinnacle Treatment Centers, Inc.(5) | One stop | L + 6.25% | N/A(6) | 08/2021 | — | (1 | ) | — | — |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Healthcare, Education and Childcare | |||||||||||||||||||||||
Active Day, Inc.^ | One stop | L + 6.00% | (c) | 8.80% | 12/2021 | $ | 11,379 | $ | 11,280 | 1.0 | % | $ | 11,038 | ||||||||||
Active Day, Inc.^ | One stop | L + 6.00% | (c) | 8.80% | 12/2021 | 878 | 874 | 0.1 | 852 | ||||||||||||||
Active Day, Inc.^ | One stop | L + 6.00% | (c) | 8.80% | 12/2021 | 566 | 564 | 0.1 | 549 | ||||||||||||||
Active Day, Inc.^ | One stop | L + 6.00% | (c) | 8.80% | 12/2021 | 391 | 389 | — | 379 | ||||||||||||||
Active Day, Inc. | One stop | P + 5.00% | (f) | 10.50% | 12/2021 | 50 | 49 | — | 49 | ||||||||||||||
Acuity Eyecare Holdings, LLC^ | One stop | L + 6.75% | (c) | 9.40% | 03/2022 | 3,426 | 3,388 | 0.3 | 3,426 | ||||||||||||||
Acuity Eyecare Holdings, LLC | One stop | L + 6.75% | (c) | 9.41% | 03/2022 | 3,187 | 3,156 | 0.3 | 3,187 | ||||||||||||||
Acuity Eyecare Holdings, LLC | One stop | L + 6.75% | (c) | 9.46% | 03/2022 | 430 | 399 | 0.1 | 430 | ||||||||||||||
Acuity Eyecare Holdings, LLC | One stop | L + 6.75% | N/A(6) | 03/2022 | — | — | — | — | |||||||||||||||
Acuity Eyecare Holdings, LLC(5) | One stop | L + 6.25% | N/A(6) | 12/2020 | — | (74 | ) | — | — | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC^* | One stop | L + 5.75% | (a) | 8.27% | 05/2022 | 21,627 | 21,341 | 2.0 | 21,627 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC^ | One stop | L + 5.75% | (a) | 8.27% | 05/2022 | 107 | 106 | — | 107 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | One stop | L + 5.75% | (a) | 8.27% | 05/2022 | 83 | 82 | — | 83 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC^ | One stop | L + 5.75% | (a) | 8.27% | 05/2022 | 31 | 31 | — | 31 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | One stop | P + 4.75% | (f) | 10.25% | 05/2022 | 25 | 24 | — | 25 | ||||||||||||||
Advanced Pain Management Holdings, Inc.*(7) | Senior loan | L + 5.00% | (a) | 7.52% | 02/2019 | 5,593 | 5,593 | 0.3 | 2,796 | ||||||||||||||
Advanced Pain Management Holdings, Inc.*(7) | Senior loan | L + 5.00% | (a) | 7.52% | 02/2019 | 383 | 382 | — | 191 | ||||||||||||||
Advanced Pain Management Holdings, Inc.(7) | Senior loan | L + 5.00% | N/A(6) | 02/2019 | — | — | — | — | |||||||||||||||
Agilitas USA, Inc.^ | One stop | L + 5.50% | (c) | 7.90% | 04/2022 | 1,951 | 1,938 | 0.2 | 1,951 | ||||||||||||||
Agilitas USA, Inc. | One stop | L + 5.50% | (c) | 7.90% | 04/2022 | 10 | 10 | — | 10 | ||||||||||||||
Agilitas USA, Inc.(5) | One stop | L + 5.50% | N/A(6) | 04/2022 | — | (11 | ) | — | — | ||||||||||||||
Apothecary Products, LLC^* | Senior loan | L + 4.25% | (d) | 6.77% | 07/2023 | 3,294 | 3,252 | 0.3 | 3,294 | ||||||||||||||
Apothecary Products, LLC(5) | Senior loan | L + 4.25% | N/A(6) | 07/2023 | — | (7 | ) | — | — | ||||||||||||||
Aris Teleradiology Company, LLC*(7) | Senior loan | L + 5.50% | (c) | 8.30% | 03/2021 | 2,500 | 2,486 | 0.1 | 1,036 | ||||||||||||||
Aris Teleradiology Company, LLC(7) | Senior loan | L + 5.50% | (c)(d) | 8.10% | 03/2021 | 296 | 296 | — | 65 | ||||||||||||||
BIO18 Borrower, LLC* | One stop | L + 5.50% | (b) | 8.12% | 11/2024 | 4,030 | 3,981 | 0.4 | 3,990 | ||||||||||||||
BIO18 Borrower, LLC(5) | One stop | L + 5.50% | N/A(6) | 11/2024 | — | (1 | ) | — | (1 | ) | |||||||||||||
BIO18 Borrower, LLC(5) | One stop | L + 5.50% | N/A(6) | 11/2024 | — | (56 | ) | — | (46 | ) | |||||||||||||
BIOVT, LLC^ | One stop | L + 5.75% | (a) | 8.27% | 01/2021 | 16,314 | 16,195 | 1.5 | 16,151 | ||||||||||||||
BIOVT, LLC | One stop | L + 5.75% | (a) | 8.27% | 01/2021 | 1,949 | 1,931 | 0.2 | 1,929 | ||||||||||||||
BIOVT, LLC(5) | One stop | L + 5.75% | N/A(6) | 01/2021 | — | (1 | ) | — | (1 | ) | |||||||||||||
BIOVT, LLC(5) | One stop | L + 5.75% | N/A(6) | 01/2021 | — | (26 | ) | — | (29 | ) | |||||||||||||
CLP Healthcare Services, Inc.^ | Senior loan | L + 5.50% | (a) | 8.02% | 12/2020 | 924 | 919 | 0.1 | 924 | ||||||||||||||
CRH Healthcare Purchaser, Inc.* | Senior loan | L + 4.50% | (c) | 7.30% | 12/2024 | 5,851 | 5,793 | 0.5 | 5,792 | ||||||||||||||
CRH Healthcare Purchaser, Inc.(5) | Senior loan | L + 4.50% | N/A(6) | 12/2024 | — | (1 | ) | — | (2 | ) | |||||||||||||
CRH Healthcare Purchaser, Inc.(5) | Senior loan | L + 4.50% | N/A(6) | 12/2020 | — | (38 | ) | — | (39 | ) | |||||||||||||
DCA Investment Holding, LLC^* | One stop | L + 5.25% | (c) | 8.05% | 07/2021 | 14,415 | 14,334 | 1.4 | 14,415 | ||||||||||||||
DCA Investment Holding, LLC^* | One stop | L + 5.25% | (c) | 8.05% | 07/2021 | 13,450 | 13,351 | 1.3 | 13,450 | ||||||||||||||
DCA Investment Holding, LLC^ | One stop | L + 5.25% | (c) | 8.05% | 07/2021 | 6,026 | 5,962 | 0.6 | 6,026 | ||||||||||||||
DCA Investment Holding, LLC | One stop | L + 5.25% | (a)(c) | 7.92% | 07/2021 | 3,169 | 3,060 | 0.3 | 3,169 | ||||||||||||||
DCA Investment Holding, LLC | One stop | L + 5.25% | (c) | 8.05% | 07/2021 | 2,408 | 2,378 | 0.2 | 2,408 | ||||||||||||||
DCA Investment Holding, LLC | One stop | L + 5.25% | (c) | 8.05% | 07/2021 | 151 | 150 | — | 151 | ||||||||||||||
DCA Investment Holding, LLC | One stop | P + 4.25% | (f) | 9.75% | 07/2021 | 99 | 91 | — | 99 | ||||||||||||||
DCA Investment Holding, LLC | One stop | L + 5.25% | (c) | 8.05% | 07/2021 | 47 | 47 | — | 47 | ||||||||||||||
Deca Dental Management LLC | One stop | L + 6.00% | (c) | 8.80% | 07/2020 | 7,423 | 7,334 | 0.7 | 7,423 | ||||||||||||||
Deca Dental Management LLC^ | One stop | L + 6.00% | (a)(c) | 8.67% | 07/2020 | 903 | 894 | 0.1 | 903 | ||||||||||||||
Deca Dental Management LLC* | One stop | L + 6.00% | (c) | 8.80% | 12/2021 | 650 | 644 | 0.1 | 650 | ||||||||||||||
Deca Dental Management LLC | One stop | L + 6.00% | (a) | 8.52% | 07/2020 | 8 | 7 | — | 8 | ||||||||||||||
Deca Dental Management LLC(5) | One stop | L + 6.00% | N/A(6) | 12/2021 | — | (14 | ) | — | — | ||||||||||||||
Dental Holdings Corporation^ | One stop | L + 5.50% | (c) | 8.03% | 02/2020 | 3,178 | 3,162 | 0.3 | 3,178 | ||||||||||||||
Dental Holdings Corporation | One stop | L + 5.50% | (c) | 8.03% | 02/2020 | 505 | 502 | 0.1 | 505 | ||||||||||||||
Dental Holdings Corporation | One stop | L + 5.50% | (c)(f) | 7.90% | 02/2020 | 98 | 96 | — | 98 | ||||||||||||||
Elite Dental Partners LLC^ | One stop | L + 5.25% | (a) | 7.77% | 06/2023 | 2,009 | 1,982 | 0.2 | 2,009 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Healthcare, Education and Childcare - (continued) | |||||||||||||||||||||||
PPT Management Holdings, LLC#(7) | One stop | P + 7.00% | (f) | 12.00% | 12/2022 | $ | 11,652 | $ | 11,453 | 1.0 | % | $ | 8,739 | ||||||||||
PPT Management Holdings, LLC(7) | One stop | P + 7.00% | (f) | 12.00% | 12/2022 | 200 | 197 | — | 150 | ||||||||||||||
PPT Management Holdings, LLC(7) | One stop | P + 7.00% | (f) | 12.00% | 12/2022 | 134 | 134 | — | 101 | ||||||||||||||
PPT Management Holdings, LLC(7) | One stop | P + 7.00% | (f) | 12.00% | 12/2022 | 81 | 80 | — | 60 | ||||||||||||||
PPT Management Holdings, LLC(5)(7) | One stop | L + 6.00% | (c)(f) | 8.88% | 12/2022 | 38 | 29 | — | (33 | ) | |||||||||||||
Premise Health Holding Corp.* | One stop | L + 4.50% | (c) | 6.83% | 06/2020 | 1,972 | 1,972 | 0.2 | 1,972 | ||||||||||||||
Premise Health Holding Corp. | One stop | L + 4.50% | N/A(6) | 06/2020 | — | — | — | — | |||||||||||||||
Radiology Partners, Inc.# | One stop | P + 4.75% | (f) | 9.75% | 12/2023 | 30,768 | 30,441 | 3.4 | 30,768 | ||||||||||||||
Radiology Partners, Inc. | One stop | P + 4.75% | (f) | 9.75% | 12/2023 | 116 | 114 | — | 116 | ||||||||||||||
Radiology Partners, Inc.(5) | One stop | L + 5.75% | N/A(6) | 12/2023 | — | (74 | ) | — | — | ||||||||||||||
Reliant Pro ReHab, LLC* | Senior loan | L + 5.00% | (a) | 12.09% | 12/2018 | 1,117 | 1,117 | 0.1 | 1,117 | ||||||||||||||
Reliant Pro ReHab, LLC | Senior loan | P + 4.00% | (f) | 9.00% | 12/2018 | 118 | 118 | — | 118 | ||||||||||||||
Riverchase MSO, LLC#* | Senior loan | L + 5.25% | (c) | 7.58% | 10/2022 | 4,903 | 4,849 | 0.6 | 4,903 | ||||||||||||||
Riverchase MSO, LLC | Senior loan | L + 5.25% | (c) | 7.59% | 10/2022 | 44 | 43 | — | 44 | ||||||||||||||
RXH Buyer Corporation# | One stop | L + 5.75% | (c) | 8.08% | 09/2021 | 11,049 | 10,931 | 1.2 | 11,049 | ||||||||||||||
RXH Buyer Corporation* | One stop | L + 5.75% | (c) | 8.08% | 09/2021 | 1,250 | 1,244 | 0.1 | 1,250 | ||||||||||||||
RXH Buyer Corporation | One stop | P + 4.75% | (c)(f) | 9.03% | 09/2021 | 92 | 90 | — | 92 | ||||||||||||||
SLMP, LLC | One stop | L + 6.00% | (a) | 8.09% | 05/2023 | 5,611 | 5,538 | 0.6 | 5,611 | ||||||||||||||
SLMP, LLC# | One stop | L + 6.00% | (a) | 8.09% | 05/2023 | 4,713 | 4,653 | 0.5 | 4,713 | ||||||||||||||
SLMP, LLC | One stop | N/A | 7.50% PIK | 05/2027 | 117 | 117 | — | 118 | |||||||||||||||
SLMP, LLC(5) | One stop | L + 6.00% | N/A(6) | 05/2023 | — | (10 | ) | — | — | ||||||||||||||
SLMP, LLC(5) | One stop | L + 6.00% | N/A(6) | 05/2023 | — | (1 | ) | — | — | ||||||||||||||
Spear Education, LLC* | One stop | L + 6.25% | (c) | 8.56% | 08/2019 | 3,477 | 3,470 | 0.4 | 3,477 | ||||||||||||||
Spear Education, LLC | One stop | L + 6.25% | (c) | 8.56% | 08/2019 | 179 | 178 | — | 179 | ||||||||||||||
Spear Education, LLC | One stop | L + 6.25% | N/A(6) | 08/2019 | — | — | — | — | |||||||||||||||
Summit Behavioral Healthcare, LLC# | Senior loan | L + 4.75% | (c) | 7.05% | 10/2023 | 2,407 | 2,385 | 0.3 | 2,407 | ||||||||||||||
Summit Behavioral Healthcare, LLC | Senior loan | L + 4.75% | (c) | 7.07% | 10/2023 | 19 | 18 | — | 19 | ||||||||||||||
Summit Behavioral Healthcare, LLC(5) | Senior loan | L + 4.75% | N/A(6) | 10/2023 | — | (8 | ) | — | — | ||||||||||||||
WHCG Management, LLC* | Senior loan | L + 5.00% | (c) | 7.33% | 03/2023 | 3,960 | 3,921 | 0.4 | 3,960 | ||||||||||||||
WHCG Management, LLC | Senior loan | L + 5.00% | (c) | 7.31% | 03/2023 | 50 | 49 | — | 50 | ||||||||||||||
WHCG Management, LLC(5) | Senior loan | L + 4.75% | N/A(6) | 03/2023 | — | (21 | ) | — | — | ||||||||||||||
WIRB-Copernicus Group, Inc.# | Senior loan | L + 4.25% | (a) | 6.34% | 08/2022 | 10,455 | 10,385 | 1.2 | 10,455 | ||||||||||||||
WIRB-Copernicus Group, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 08/2022 | — | (24 | ) | — | — | ||||||||||||||
WIRB-Copernicus Group, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 08/2022 | — | (1 | ) | — | — | ||||||||||||||
336,567 | 332,047 | 36.9 | 330,026 | ||||||||||||||||||||
Home and Office Furnishings, Housewares, and Durable Consumer | |||||||||||||||||||||||
1A Smart Start LLC* | Senior loan | L + 4.50% | (a) | 6.59% | 02/2022 | 354 | 354 | — | 355 | ||||||||||||||
CST Buyer Company* | One stop | L + 5.00% | (c) | 7.45% | 03/2023 | 3,086 | 3,012 | 0.3 | 3,086 | ||||||||||||||
CST Buyer Company(5) | One stop | L + 5.00% | N/A(6) | 03/2023 | — | (1 | ) | — | — | ||||||||||||||
Plano Molding Company, LLC# | One stop | L + 8.00% | (a) | 10.09% | 05/2021 | 6,306 | 6,245 | 0.7 | 6,053 | ||||||||||||||
9,746 | 9,610 | 1.0 | 9,494 | ||||||||||||||||||||
Hotels, Motels, Inns, and Gaming | |||||||||||||||||||||||
Aimbridge Hospitality, LLC* | One stop | L + 5.00% | (a) | 7.09% | 06/2022 | 6,345 | 6,254 | 0.7 | 6,250 | ||||||||||||||
Aimbridge Hospitality, LLC#* | One stop | L + 5.00% | (a) | 7.09% | 06/2022 | 5,006 | 4,937 | 0.6 | 4,931 | ||||||||||||||
Aimbridge Hospitality, LLC* | One stop | L + 5.00% | (a) | 7.09% | 06/2022 | 1,057 | 1,042 | 0.1 | 1,042 | ||||||||||||||
Aimbridge Hospitality, LLC | One stop | L + 5.00% | (a) | 7.09% | 06/2022 | 62 | 57 | — | 62 | ||||||||||||||
Aimbridge Hospitality, LLC(5) | One stop | L + 5.00% | N/A(6) | 06/2022 | — | (1 | ) | — | (1 | ) | |||||||||||||
12,470 | 12,289 | 1.4 | 12,284 | ||||||||||||||||||||
Insurance | |||||||||||||||||||||||
Captive Resources Midco, LLC#* | One stop | L + 6.00% | (a) | 8.09% | 12/2021 | 12,689 | 12,528 | 1.4 | 12,689 | ||||||||||||||
Captive Resources Midco, LLC(5) | One stop | L + 6.00% | N/A(6) | 12/2021 | — | (13 | ) | — | — | ||||||||||||||
Captive Resources Midco, LLC(5) | One stop | L + 6.00% | N/A(6) | 12/2021 | — | (4 | ) | — | — | ||||||||||||||
Internet Pipeline, Inc.#* | One stop | L + 7.25% | (a) | 9.35% | 08/2022 | 10,245 | 10,122 | 1.2 | 10,398 | ||||||||||||||
Internet Pipeline, Inc.#* | One stop | L + 6.25% | (a) | 8.34% | 08/2022 | 4,417 | 4,381 | 0.5 | 4,334 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Healthcare, Education and Childcare - (continued) | |||||||||||||||||||||||
Elite Dental Partners LLC* | One stop | L + 5.25% | (a) | 7.77% | 06/2023 | $ | 1,574 | $ | 1,560 | 0.1 | % | $ | 1,574 | ||||||||||
Elite Dental Partners LLC | One stop | L + 5.25% | (a) | 7.77% | 06/2023 | 1,509 | 1,496 | 0.1 | 1,509 | ||||||||||||||
Elite Dental Partners LLC | One stop | L + 5.25% | (a) | 7.77% | 06/2023 | 43 | 42 | — | 43 | ||||||||||||||
Elite Dental Partners LLC(5) | One stop | L + 5.25% | N/A(6) | 06/2023 | — | (155 | ) | — | — | ||||||||||||||
ERG Buyer, LLC^ | One stop | L + 5.50% | (c) | 8.30% | 05/2024 | 6,326 | 6,241 | 0.6 | 6,073 | ||||||||||||||
ERG Buyer, LLC(5) | One stop | L + 5.50% | N/A(6) | 05/2024 | — | (2 | ) | — | (6 | ) | |||||||||||||
ERG Buyer, LLC(5) | One stop | L + 5.50% | N/A(6) | 05/2024 | — | (140 | ) | — | (415 | ) | |||||||||||||
eSolutions, Inc.^* | One stop | L + 6.50% | (a) | 9.02% | 03/2022 | 29,342 | 29,121 | 2.8 | 29,342 | ||||||||||||||
eSolutions, Inc.(5) | One stop | L + 6.50% | N/A(6) | 03/2022 | — | (1 | ) | — | — | ||||||||||||||
Excelligence Learning Corporation^ | One stop | L + 6.00% | (a) | 8.52% | 04/2023 | 5,844 | 5,822 | 0.5 | 5,494 | ||||||||||||||
Eyecare Services Partners Holdings LLC* | One stop | L + 6.25% | (c) | 9.05% | 05/2023 | 10,362 | 10,229 | 1.0 | 10,155 | ||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | L + 6.25% | (c) | 9.05% | 05/2023 | 7,437 | 7,306 | 0.7 | 7,289 | ||||||||||||||
Eyecare Services Partners Holdings LLC^ | One stop | L + 6.25% | (c) | 9.05% | 05/2023 | 6,663 | 6,663 | 0.6 | 6,529 | ||||||||||||||
Eyecare Services Partners Holdings LLC* | One stop | L + 6.25% | (c) | 9.05% | 05/2023 | 2,224 | 2,224 | 0.2 | 2,180 | ||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | L + 6.25% | (c) | 9.05% | 05/2023 | 1,438 | 1,438 | 0.1 | 1,409 | ||||||||||||||
Eyecare Services Partners Holdings LLC^ | One stop | L + 6.25% | (c) | 9.05% | 05/2023 | 1,079 | 1,079 | 0.1 | 1,058 | ||||||||||||||
Eyecare Services Partners Holdings LLC^ | One stop | L + 6.25% | (c) | 9.05% | 05/2023 | 951 | 951 | 0.1 | 932 | ||||||||||||||
Eyecare Services Partners Holdings LLC* | One stop | L + 6.25% | (c) | 9.05% | 05/2023 | 614 | 478 | 0.1 | 602 | ||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | L + 6.25% | (c) | 9.05% | 05/2023 | 459 | 365 | 0.1 | 449 | ||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | L + 6.25% | (c) | 9.03% | 05/2023 | 200 | 197 | — | 196 | ||||||||||||||
G & H Wire Company, Inc.^ | One stop | L + 5.75% | (b) | 8.37% | 09/2023 | 1,101 | 1,093 | 0.1 | 1,101 | ||||||||||||||
G & H Wire Company, Inc.(5) | One stop | L + 5.75% | N/A(6) | 09/2022 | — | (1 | ) | — | — | ||||||||||||||
Immucor, Inc. * | Senior loan | L + 5.00% | (c) | 7.80% | 06/2021 | 2,029 | 2,010 | 0.2 | 2,000 | ||||||||||||||
Katena Holdings, Inc.^ | One stop | L + 5.50% | (c) | 8.30% | 06/2021 | 4,463 | 4,435 | 0.4 | 4,463 | ||||||||||||||
Katena Holdings, Inc.^ | One stop | L + 5.50% | (c) | 8.30% | 06/2021 | 436 | 433 | 0.1 | 436 | ||||||||||||||
Katena Holdings, Inc.^ | One stop | L + 5.50% | (c) | 8.30% | 06/2021 | 300 | 297 | — | 300 | ||||||||||||||
Katena Holdings, Inc.(5) | One stop | L + 5.50% | N/A(6) | 06/2021 | — | (1 | ) | — | — | ||||||||||||||
Lombart Brothers, Inc.^ | One stop | L + 6.75% | (c) | 9.55% | 04/2022 | 4,680 | 4,608 | 0.4 | 4,680 | ||||||||||||||
Lombart Brothers, Inc.^(8) | One stop | L + 6.75% | (c) | 9.55% | 04/2022 | 1,531 | 1,507 | 0.1 | 1,531 | ||||||||||||||
Lombart Brothers, Inc. | One stop | P + 5.50% | (f) | 11.00% | 04/2022 | 33 | 32 | — | 33 | ||||||||||||||
Lombart Brothers, Inc.(8) | One stop | P + 5.50% | (f) | 11.00% | 04/2022 | 3 | 3 | — | 3 | ||||||||||||||
Maverick Healthcare Group, LLC* | Senior loan | L + 7.50% | (a) | 8.02% cash/2.00% PIK | 04/2017 | 409 | 409 | — | 409 | ||||||||||||||
MD Now Holdings, Inc.* | One stop | L + 5.25% | (c) | 8.05% | 08/2024 | 7,052 | 6,986 | 0.7 | 7,052 | ||||||||||||||
MD Now Holdings, Inc.(5) | One stop | L + 5.25% | N/A(6) | 08/2024 | — | (1 | ) | — | — | ||||||||||||||
MD Now Holdings, Inc.(5) | One stop | L + 5.25% | N/A(6) | 08/2024 | — | (19 | ) | — | — | ||||||||||||||
MWD Management, LLC & MWD Services, Inc.^ | One stop | L + 5.25% | (c) | 8.05% | 06/2023 | 4,370 | 4,370 | 0.4 | 4,370 | ||||||||||||||
MWD Management, LLC & MWD Services, Inc.^ | One stop | L + 5.25% | (c) | 8.05% | 06/2023 | 1,292 | 1,280 | 0.1 | 1,292 | ||||||||||||||
MWD Management, LLC & MWD Services, Inc.(5) | One stop | L + 5.25% | N/A(6) | 06/2022 | — | (1 | ) | — | — | ||||||||||||||
MWD Management, LLC & MWD Services, Inc.(5) | One stop | L + 5.25% | N/A(6) | 06/2023 | — | (68 | ) | — | — | ||||||||||||||
Oliver Street Dermatology Holdings, LLC^* | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 8,694 | 8,586 | 0.8 | 8,694 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC^ | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 1,880 | 1,864 | 0.2 | 1,880 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 1,349 | 1,336 | 0.1 | 1,349 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 1,192 | 1,182 | 0.1 | 1,192 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 1,041 | 1,031 | 0.1 | 1,041 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 1,037 | 1,029 | 0.1 | 1,037 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 808 | 801 | 0.1 | 808 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 700 | 695 | 0.1 | 700 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 432 | 428 | 0.1 | 432 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.25% | (c)(f) | 9.34% | 05/2022 | 82 | 80 | — | 82 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC^ | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 46 | 45 | — | 46 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC^ | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 41 | 41 | — | 41 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC^ | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 32 | 32 | — | 32 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC^ | One stop | L + 6.25% | (c) | 9.05% | 05/2022 | 30 | 29 | — | 30 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC(5) | One stop | L + 6.25% | N/A(6) | 05/2022 | — | (6 | ) | — | — |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Insurance - (continued) | |||||||||||||||||||||||
Internet Pipeline, Inc.(8)(9) | One stop | L + 6.50% | (a) | 8.60% | 08/2022 | $ | 3,559 | $ | 3,519 | 0.4 | % | $ | 3,476 | ||||||||||
Internet Pipeline, Inc.* | One stop | L + 6.25% | (a) | 8.34% | 08/2022 | 1,672 | 1,658 | 0.2 | 1,641 | ||||||||||||||
Internet Pipeline, Inc. | One stop | L + 7.25% | N/A(6) | 08/2021 | — | — | — | 1 | |||||||||||||||
RSC Acquisition, Inc.#* | Senior loan | L + 4.25% | (c)(d)(f) | 6.75% | 11/2022 | 20,392 | 20,273 | 2.3 | 20,392 | ||||||||||||||
RSC Acquisition, Inc. | Senior loan | L + 4.25% | (d) | 6.75% | 11/2021 | 42 | 42 | — | 42 | ||||||||||||||
RSC Acquisition, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 11/2022 | — | (37 | ) | — | — | ||||||||||||||
53,016 | 52,469 | 6.0 | 52,973 | ||||||||||||||||||||
Leisure, Amusement, Motion Pictures, Entertainment | |||||||||||||||||||||||
NFD Operating, LLC* | One stop | L + 7.00% | (a) | 8.98% | 06/2021 | 2,153 | 2,134 | 0.2 | 2,153 | ||||||||||||||
NFD Operating, LLC | One stop | L + 7.00% | N/A(6) | 06/2021 | — | — | — | — | |||||||||||||||
PADI Holdco, Inc.# | One stop | L + 5.75% | (a) | 7.85% | 04/2023 | 12,669 | 12,501 | 1.4 | 12,669 | ||||||||||||||
PADI Holdco, Inc.(8)(9)(10) | One stop | E + 5.75% | (g) | 5.75% | 04/2023 | 12,537 | 12,537 | 1.4 | 12,257 | ||||||||||||||
PADI Holdco, Inc. | One stop | L + 5.75% | (a) | 7.85% | 04/2022 | 102 | 101 | — | 102 | ||||||||||||||
Self Esteem Brands, LLC#* | Senior loan | L + 4.75% | (a) | 6.84% | 02/2020 | 8,852 | 8,812 | 1.0 | 8,852 | ||||||||||||||
Sunshine Sub, LLC# | One stop | L + 4.75% | (a) | 6.84% | 05/2024 | 5,482 | 5,374 | 0.6 | 5,373 | ||||||||||||||
Sunshine Sub, LLC(5) | One stop | L + 4.75% | N/A(6) | 05/2024 | — | (41 | ) | — | (42 | ) | |||||||||||||
Sunshine Sub, LLC(5) | One stop | L + 4.75% | N/A(6) | 05/2024 | — | (1 | ) | — | (1 | ) | |||||||||||||
Teaching Company, The#* | One stop | L + 7.00% | (a)(c) | 9.31% | 08/2020 | 12,093 | 12,054 | 1.4 | 12,093 | ||||||||||||||
Teaching Company, The | One stop | L + 7.00% | (c)(f) | 9.58% | 08/2020 | 95 | 94 | — | 95 | ||||||||||||||
Titan Fitness, LLC* | One stop | L + 6.50% | (a) | 8.48% | 09/2019 | 1,938 | 1,938 | 0.2 | 1,938 | ||||||||||||||
Titan Fitness, LLC* | One stop | L + 6.50% | (a) | 8.48% | 09/2019 | 292 | 292 | — | 292 | ||||||||||||||
Titan Fitness, LLC# | One stop | L + 6.50% | (a) | 8.48% | 09/2019 | 257 | 257 | — | 257 | ||||||||||||||
Titan Fitness, LLC* | One stop | L + 6.50% | (a) | 8.48% | 09/2019 | 139 | 137 | — | 139 | ||||||||||||||
Titan Fitness, LLC | One stop | L + 6.50% | N/A(6) | 09/2019 | — | — | — | — | |||||||||||||||
56,609 | 56,189 | 6.2 | 56,177 | ||||||||||||||||||||
Mining, Steel, Iron and Non-Precious Metals | |||||||||||||||||||||||
Benetech, Inc.# | One stop | L + 11.00% | (a) | 11.09% cash/2.00% PIK | 05/2019 | 187 | 187 | — | 168 | ||||||||||||||
Benetech, Inc. | One stop | P + 9.75% | (a)(f) | 12.66% cash/2.00% PIK | 05/2019 | 10 | 10 | — | 5 | ||||||||||||||
197 | 197 | — | 173 | ||||||||||||||||||||
Oil and Gas | |||||||||||||||||||||||
Drilling Info, Inc.#* | One stop | L + 5.50% | (b) | 7.67% | 06/2020 | 38,316 | 38,082 | 4.3 | 38,316 | ||||||||||||||
Drilling Info, Inc. | One stop | L + 5.75% | N/A(6) | 06/2020 | — | — | — | — | |||||||||||||||
38,316 | 38,082 | 4.3 | 38,316 | ||||||||||||||||||||
Personal and Non Durable Consumer Products (Mfg. Only) | |||||||||||||||||||||||
Georgica Pine Clothiers, LLC* | One stop | L + 5.50% | (c) | 7.83% | 11/2021 | 4,836 | 4,808 | 0.5 | 4,836 | ||||||||||||||
Georgica Pine Clothiers, LLC# | One stop | L + 5.50% | (c) | 7.83% | 11/2021 | 422 | 420 | 0.1 | 422 | ||||||||||||||
Georgica Pine Clothiers, LLC* | One stop | L + 5.50% | (c) | 7.83% | 11/2021 | 296 | 294 | — | 296 | ||||||||||||||
Georgica Pine Clothiers, LLC | One stop | L + 5.50% | (c) | 7.83% | 11/2021 | 33 | 32 | — | 33 | ||||||||||||||
IMPLUS Footwear, LLC#* | One stop | L + 6.75% | (a) | 8.84% | 04/2021 | 13,403 | 13,315 | 1.5 | 13,403 | ||||||||||||||
IMPLUS Footwear, LLC* | One stop | L + 6.75% | (a) | 8.84% | 04/2021 | 2,360 | 2,344 | 0.3 | 2,360 | ||||||||||||||
Massage Envy, LLC* | One stop | L + 6.75% | (c)(f) | 9.06% | 09/2020 | 3,128 | 3,113 | 0.4 | 3,128 | ||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (c)(f) | 9.08% | 09/2020 | 113 | 113 | — | 113 | ||||||||||||||
Massage Envy, LLC* | One stop | L + 6.75% | (c)(f) | 9.08% | 09/2020 | 99 | 98 | — | 99 | ||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (c) | 9.08% | 09/2020 | 99 | 98 | — | 99 | ||||||||||||||
Massage Envy, LLC* | One stop | L + 6.75% | (c)(f) | 9.07% | 09/2020 | 94 | 94 | — | 94 | ||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (c)(f) | 9.11% | 09/2020 | 90 | 90 | — | 90 | ||||||||||||||
Massage Envy, LLC* | One stop | L + 6.75% | (c)(f) | 9.07% | 09/2020 | 71 | 70 | — | 71 | ||||||||||||||
Massage Envy, LLC* | One stop | L + 6.75% | (c)(f) | 9.10% | 09/2020 | 46 | 45 | — | 46 | ||||||||||||||
Massage Envy, LLC* | One stop | L + 6.75% | (c)(f) | 9.10% | 09/2020 | 30 | 30 | — | 30 | ||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | N/A(6) | 09/2020 | — | — | — | — | |||||||||||||||
Massage Envy, LLC(5) | One stop | L + 6.75% | N/A(6) | 09/2020 | — | (1 | ) | — | — | ||||||||||||||
Orthotics Holdings, Inc.# | One stop | L + 5.50% | (a) | 7.59% | 02/2020 | 3,666 | 3,645 | 0.4 | 3,592 | ||||||||||||||
Orthotics Holdings, Inc.#(8) | One stop | L + 5.50% | (a) | 7.59% | 02/2020 | 601 | 598 | 0.1 | 589 | ||||||||||||||
Orthotics Holdings, Inc.(5) | One stop | L + 5.50% | N/A(6) | 02/2020 | — | (3 | ) | — | (2 | ) | |||||||||||||
Orthotics Holdings, Inc.(8) | One stop | L + 5.50% | N/A(6) | 02/2020 | — | — | — | — |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Healthcare, Education and Childcare - (continued) | |||||||||||||||||||||||
ONsite Mammography, LLC | One stop | L + 6.75% | (a) | 9.27% | 11/2023 | $ | 2,831 | $ | 2,798 | 0.3 | % | $ | 2,831 | ||||||||||
ONsite Mammography, LLC | One stop | L + 6.75% | (c)(d) | 9.44% | 11/2023 | 427 | 414 | 0.1 | 427 | ||||||||||||||
ONsite Mammography, LLC | One stop | L + 6.75% | (d) | 9.62% | 11/2023 | 4 | 3 | — | 4 | ||||||||||||||
Pinnacle Treatment Centers, Inc.^ | One stop | L + 5.75% | (c) | 8.28% | 08/2021 | 9,625 | 9,524 | 0.9 | 9,625 | ||||||||||||||
Pinnacle Treatment Centers, Inc.* | One stop | L + 5.75% | (a) | 8.26% | 08/2021 | 357 | 353 | — | 357 | ||||||||||||||
Pinnacle Treatment Centers, Inc. | One stop | L + 5.75% | (c) | 8.28% | 08/2021 | 55 | 54 | — | 55 | ||||||||||||||
Pinnacle Treatment Centers, Inc. | One stop | L + 5.75% | (c) | 8.28% | 08/2021 | 42 | 41 | — | 42 | ||||||||||||||
Pinnacle Treatment Centers, Inc. | One stop | L + 5.75% | (b)(c) | 8.28% | 08/2021 | 23 | 22 | — | 23 | ||||||||||||||
Pinnacle Treatment Centers, Inc.(5) | One stop | L + 5.75% | N/A(6) | 08/2021 | — | (14 | ) | — | — | ||||||||||||||
PPT Management Holdings, LLC* | One stop | L + 7.50% | (a) | 9.85% | 12/2022 | 12,660 | 12,486 | 1.0 | 10,745 | ||||||||||||||
PPT Management Holdings, LLC | One stop | L + 7.50% | (a) | 9.85% | 12/2022 | 146 | 146 | — | 124 | ||||||||||||||
PPT Management Holdings, LLC | One stop | L + 7.50% | (a) | 9.85% | 12/2022 | 86 | 86 | — | 73 | ||||||||||||||
PPT Management Holdings, LLC | One stop | L + 7.50% | (a) | 9.85% | 12/2022 | 42 | 34 | — | 34 | ||||||||||||||
PPT Management Holdings, LLC(5) | One stop | L + 7.50% | (a) | 9.85% | 12/2022 | 8 | 5 | — | (24 | ) | |||||||||||||
Pyramid Healthcare, Inc.* | One stop | L + 6.50% | (c) | 9.03% | 08/2020 | 326 | 323 | — | 322 | ||||||||||||||
Pyramid Healthcare, Inc. | One stop | L + 6.50% | (a) | 9.02% | 08/2020 | 70 | 67 | — | 67 | ||||||||||||||
Riverchase MSO, LLC^ | Senior loan | L + 5.75% | (c) | 8.55% | 10/2022 | 4,878 | 4,830 | 0.5 | 4,878 | ||||||||||||||
Riverchase MSO, LLC | Senior loan | L + 5.75% | (c) | 8.51% | 10/2022 | 56 | 56 | — | 56 | ||||||||||||||
RXH Buyer Corporation^* | One stop | L + 5.75% | (c) | 8.55% | 09/2021 | 10,992 | 10,892 | 1.0 | 10,992 | ||||||||||||||
RXH Buyer Corporation^ | One stop | L + 5.75% | (c) | 8.55% | 09/2021 | 1,244 | 1,239 | 0.1 | 1,244 | ||||||||||||||
RXH Buyer Corporation | One stop | P + 4.75% | (c)(f) | 9.51% | 09/2021 | 92 | 90 | — | 92 | ||||||||||||||
SLMP, LLC | One stop | L + 6.00% | (a) | 8.52% | 05/2023 | 5,583 | 5,517 | 0.5 | 5,583 | ||||||||||||||
SLMP, LLC^ | One stop | L + 6.00% | (a) | 8.52% | 05/2023 | 4,689 | 4,635 | 0.4 | 4,689 | ||||||||||||||
SLMP, LLC | Subordinated debt | N/A | 7.50% PIK | 05/2027 | 117 | 117 | — | 117 | |||||||||||||||
SLMP, LLC(5) | One stop | L + 6.00% | N/A(6) | 05/2023 | — | (1 | ) | — | — | ||||||||||||||
SLMP, LLC(5) | One stop | L + 6.00% | N/A(6) | 05/2023 | — | (9 | ) | — | — | ||||||||||||||
Spear Education, LLC^ | One stop | L + 6.00% | (c) | 8.50% | 08/2019 | 3,459 | 3,455 | 0.3 | 3,459 | ||||||||||||||
Spear Education, LLC | One stop | L + 6.00% | (c) | 8.34% | 08/2019 | 178 | 177 | — | 178 | ||||||||||||||
Spear Education, LLC | One stop | L + 6.00% | N/A(6) | 08/2019 | — | — | — | — | |||||||||||||||
Summit Behavioral Healthcare, LLC^ | Senior loan | L + 4.75% | (c) | 7.46% | 10/2023 | 2,395 | 2,375 | 0.2 | 2,395 | ||||||||||||||
Summit Behavioral Healthcare, LLC | Senior loan | L + 4.75% | (c) | 7.50% | 10/2023 | 118 | 111 | — | 118 | ||||||||||||||
Summit Behavioral Healthcare, LLC | Senior loan | L + 4.75% | (b)(c) | 7.44% | 10/2023 | 19 | 18 | — | 19 | ||||||||||||||
WHCG Management, LLC^ | Senior loan | L + 5.00% | (c) | 7.80% | 03/2023 | 3,940 | 3,905 | 0.4 | 3,861 | ||||||||||||||
WHCG Management, LLC | Senior loan | L + 5.00% | (c) | 7.75% | 03/2023 | 100 | 99 | — | 98 | ||||||||||||||
WHCG Management, LLC(5) | Senior loan | L + 5.00% | N/A(6) | 03/2023 | — | (19 | ) | — | — | ||||||||||||||
WIRB-Copernicus Group, Inc.^ | Senior loan | L + 4.25% | (a) | 6.77% | 08/2022 | 10,901 | 10,839 | 1.0 | 10,901 | ||||||||||||||
WIRB-Copernicus Group, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 08/2022 | — | (1 | ) | — | — | ||||||||||||||
WIRB-Copernicus Group, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 08/2022 | — | (19 | ) | — | — | ||||||||||||||
336,405 | 332,331 | 30.8 | 327,165 | ||||||||||||||||||||
Home and Office Furnishings, Housewares, and Durable Consumer | |||||||||||||||||||||||
1A Smart Start LLC* | Senior loan | L + 4.50% | (a) | 7.02% | 02/2022 | 549 | 548 | 0.1 | 547 | ||||||||||||||
CST Buyer Company | One stop | L + 5.00% | (a) | 7.52% | 03/2023 | 3,038 | 2,972 | 0.3 | 3,038 | ||||||||||||||
CST Buyer Company(5) | One stop | L + 5.00% | N/A(6) | 03/2023 | — | (1 | ) | — | — | ||||||||||||||
Plano Molding Company, LLC* | One stop | L + 7.50% | (a) | 9.98% | 05/2021 | 4,838 | 4,794 | 0.4 | 4,451 | ||||||||||||||
8,425 | 8,313 | 0.8 | 8,036 | ||||||||||||||||||||
Hotels, Motels, Inns, and Gaming | |||||||||||||||||||||||
Aimbridge Hospitality, LLC^ | One stop | L + 5.00% | (a) | 7.52% | 06/2022 | 6,313 | 6,234 | 0.6 | 6,313 | ||||||||||||||
Aimbridge Hospitality, LLC^ | One stop | L + 5.00% | (a) | 7.52% | 06/2022 | 4,981 | 4,920 | 0.5 | 4,981 | ||||||||||||||
Aimbridge Hospitality, LLC^ | One stop | L + 5.00% | (a) | 7.52% | 06/2022 | 1,052 | 1,038 | 0.1 | 1,052 | ||||||||||||||
Aimbridge Hospitality, LLC | One stop | L + 5.00% | (a) | 7.52% | 06/2022 | 61 | 58 | — | 61 | ||||||||||||||
Aimbridge Hospitality, LLC(5) | One stop | L + 5.00% | N/A(6) | 06/2022 | — | (1 | ) | — | — | ||||||||||||||
12,407 | 12,249 | 1.2 | 12,407 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Personal and Non Durable Consumer Products (Mfg. Only) - (continued) | |||||||||||||||||||||||
Team Technologies Acquisition Company* | Senior loan | L + 5.00% | (c)(f) | 7.36% | 12/2018 | $ | 258 | $ | 258 | — | % | $ | 258 | ||||||||||
Team Technologies Acquisition Company# | Senior loan | L + 5.50% | (c)(f) | 7.86% | 12/2018 | 48 | 48 | — | 48 | ||||||||||||||
Team Technologies Acquisition Company | Senior loan | P + 3.75% | (f) | 8.75% | 12/2018 | 4 | 4 | — | 4 | ||||||||||||||
29,697 | 29,513 | 3.3 | 29,609 | ||||||||||||||||||||
Personal, Food and Miscellaneous Services | |||||||||||||||||||||||
Captain D's, LLC# | Senior loan | L + 4.50% | (a) | 6.57% | 12/2023 | 2,224 | 2,204 | 0.2 | 2,224 | ||||||||||||||
Captain D's, LLC | Senior loan | L + 4.50% | (a) | 6.57% | 12/2023 | 3 | 3 | — | 3 | ||||||||||||||
Clarkson Eyecare LLC#* | One stop | L + 5.75% | (c) | 8.08% | 04/2021 | 17,059 | 16,872 | 1.9 | 17,059 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 5.75% | (c) | 8.08% | 04/2021 | 8,465 | 8,397 | 0.9 | 8,465 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 5.75% | (a) | 7.84% | 04/2021 | 4,016 | 4,016 | 0.4 | 4,016 | ||||||||||||||
Clarkson Eyecare LLC# | One stop | L + 5.75% | (c) | 8.08% | 04/2021 | 2,934 | 2,910 | 0.3 | 2,934 | ||||||||||||||
Clarkson Eyecare LLC# | One stop | L + 5.75% | (c) | 8.08% | 04/2021 | 2,497 | 2,478 | 0.3 | 2,497 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 5.75% | (c) | 8.08% | 04/2021 | 711 | 670 | 0.1 | 711 | ||||||||||||||
Clarkson Eyecare LLC# | One stop | L + 5.75% | (c) | 8.08% | 04/2021 | 658 | 656 | 0.1 | 658 | ||||||||||||||
Clarkson Eyecare LLC# | One stop | L + 5.75% | (c) | 8.08% | 04/2021 | 485 | 478 | 0.1 | 485 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 5.75% | (a)(c) | 8.00% | 04/2021 | 364 | 304 | — | 364 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 5.75% | (c) | 8.08% | 04/2021 | 347 | 342 | — | 347 | ||||||||||||||
Clarkson Eyecare LLC(5) | One stop | L + 5.75% | N/A(6) | 04/2021 | — | (38 | ) | — | — | ||||||||||||||
Community Veterinary Partners, LLC | One stop | L + 5.50% | (b) | 7.60% | 10/2021 | 1,950 | 1,945 | 0.2 | 1,950 | ||||||||||||||
Community Veterinary Partners, LLC* | One stop | L + 5.50% | (b) | 7.60% | 10/2021 | 99 | 98 | — | 99 | ||||||||||||||
Community Veterinary Partners, LLC(5) | One stop | L + 5.50% | N/A(6) | 10/2021 | — | (33 | ) | — | — | ||||||||||||||
PPV Intermediate Holdings II, LLC | One stop | N/A | 7.90% PIK | 05/2023 | 19 | 19 | — | 19 | |||||||||||||||
PPV Intermediate Holdings II, LLC(5) | One stop | L + 5.00% | N/A(6) | 05/2023 | — | (1 | ) | — | (1 | ) | |||||||||||||
PPV Intermediate Holdings II, LLC(5) | One stop | L + 5.00% | N/A(6) | 05/2020 | — | (90 | ) | — | (98 | ) | |||||||||||||
R.G. Barry Corporation# | Senior loan | L + 5.00% | (a) | 7.09% | 09/2019 | 1,164 | 1,164 | 0.1 | 1,164 | ||||||||||||||
Ruby Slipper Cafe LLC, The | One stop | L + 7.50% | (c) | 9.86% | 01/2023 | 70 | 55 | — | 70 | ||||||||||||||
Ruby Slipper Cafe LLC, The | One stop | L + 7.50% | (c) | 9.86% | 01/2023 | 60 | 59 | — | 60 | ||||||||||||||
Ruby Slipper Cafe LLC, The | One stop | L + 7.50% | N/A(6) | 01/2023 | — | — | — | — | |||||||||||||||
Southern Veterinary Partners, LLC# | One stop | L + 5.50% | (a) | 7.59% | 05/2025 | 3,616 | 3,580 | 0.4 | 3,616 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 7.59% | 05/2025 | 1,921 | 1,902 | 0.2 | 1,921 | ||||||||||||||
Southern Veterinary Partners, LLC* | One stop | L + 5.50% | (a) | 7.59% | 05/2025 | 1,577 | 1,552 | 0.2 | 1,577 | ||||||||||||||
Southern Veterinary Partners, LLC# | One stop | L + 5.50% | (a) | 7.59% | 05/2025 | 1,042 | 1,031 | 0.1 | 1,042 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 7.59% | 05/2025 | 855 | 847 | 0.1 | 855 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 7.59% | 05/2025 | 779 | 733 | 0.1 | 779 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 7.59% | 05/2023 | 88 | 86 | — | 88 | ||||||||||||||
Southern Veterinary Partners, LLC(5) | One stop | L + 5.50% | N/A(6) | 05/2025 | — | (104 | ) | — | (106 | ) | |||||||||||||
Southern Veterinary Partners, LLC(5) | One stop | L + 5.50% | N/A(6) | 05/2025 | — | (38 | ) | — | — | ||||||||||||||
Vetcor Professional Practices LLC#* | One stop | P + 5.25% | (f) | 10.25% | 04/2021 | 27,067 | 26,761 | 3.0 | 27,067 | ||||||||||||||
Vetcor Professional Practices LLC# | One stop | P + 5.25% | (f) | 10.25% | 04/2021 | 6,543 | 6,454 | 0.7 | 6,543 | ||||||||||||||
Vetcor Professional Practices LLC# | One stop | P + 5.25% | (f) | 10.25% | 04/2021 | 2,343 | 2,315 | 0.3 | 2,343 | ||||||||||||||
Vetcor Professional Practices LLC | One stop | P + 5.25% | (f) | 10.25% | 04/2021 | 2,254 | 2,102 | 0.3 | 2,254 | ||||||||||||||
Vetcor Professional Practices LLC# | One stop | P + 5.25% | (f) | 10.25% | 04/2021 | 623 | 619 | 0.1 | 623 | ||||||||||||||
Vetcor Professional Practices LLC* | One stop | P + 5.25% | (f) | 10.25% | 04/2021 | 618 | 611 | 0.1 | 618 | ||||||||||||||
Vetcor Professional Practices LLC* | One stop | P + 5.25% | (f) | 10.25% | 04/2021 | 485 | 485 | 0.1 | 485 | ||||||||||||||
Vetcor Professional Practices LLC* | One stop | P + 5.25% | (f) | 10.25% | 04/2021 | 473 | 467 | 0.1 | 473 | ||||||||||||||
Vetcor Professional Practices LLC* | One stop | P + 5.25% | (f) | 10.25% | 04/2021 | 186 | 185 | — | 186 | ||||||||||||||
Vetcor Professional Practices LLC* | One stop | P + 5.25% | (f) | 10.25% | 04/2021 | 152 | 151 | — | 152 | ||||||||||||||
Vetcor Professional Practices LLC | One stop | P + 5.25% | (f) | 10.25% | 04/2021 | 130 | 127 | — | 130 | ||||||||||||||
Veterinary Specialists of North America, LLC#* | One stop | L + 5.50% | (c) | 7.86% | 07/2021 | 3,823 | 3,792 | 0.4 | 3,823 | ||||||||||||||
Veterinary Specialists of North America, LLC | One stop | L + 5.50% | (a) | 7.59% | 07/2021 | 465 | 461 | 0.1 | 465 | ||||||||||||||
Veterinary Specialists of North America, LLC | One stop | L + 5.50% | (a) | 7.59% | 07/2021 | 421 | 417 | — | 421 | ||||||||||||||
Veterinary Specialists of North America, LLC* | One stop | L + 5.50% | (a) | 7.59% | 07/2021 | 229 | 228 | — | 229 | ||||||||||||||
Veterinary Specialists of North America, LLC* | One stop | L + 5.50% | (a) | 7.59% | 07/2021 | 88 | 88 | — | 88 | ||||||||||||||
Veterinary Specialists of North America, LLC# | One stop | L + 5.50% | (a) | 7.59% | 07/2021 | 33 | 33 | — | 33 | ||||||||||||||
Veterinary Specialists of North America, LLC(5) | One stop | L + 5.50% | N/A(6) | 07/2021 | — | (8 | ) | — | — | ||||||||||||||
Veterinary Specialists of North America, LLC(5) | One stop | L + 5.50% | N/A(6) | 07/2021 | — | (1 | ) | — | — | ||||||||||||||
Wetzel's Pretzels, LLC#* | One stop | L + 6.75% | (a) | 8.73% | 09/2021 | 8,336 | 8,250 | 0.9 | 8,273 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Insurance | |||||||||||||||||||||||
Captive Resources Midco, LLC^ | One stop | L + 5.75% | (a) | 8.27% | 12/2021 | $ | 12,296 | $ | 12,162 | 1.2 | % | $ | 12,296 | ||||||||||
Captive Resources Midco, LLC(5) | One stop | L + 5.75% | N/A(6) | 12/2021 | — | (3 | ) | — | — | ||||||||||||||
Captive Resources Midco, LLC(5) | One stop | L + 5.75% | N/A(6) | 12/2021 | — | (11 | ) | — | — | ||||||||||||||
Integrity Marketing Acquisition, LLC* | Senior loan | L + 4.25% | (c) | 6.96% | 11/2025 | 1,522 | 1,514 | 0.1 | 1,514 | ||||||||||||||
Integrity Marketing Acquisition, LLC(5) | Senior loan | L + 4.25% | N/A(6) | 11/2025 | — | (2 | ) | — | (2 | ) | |||||||||||||
Internet Pipeline, Inc.^ | One stop | L + 4.75% | (a) | 7.28% | 08/2022 | 10,224 | 10,094 | 1.0 | 10,224 | ||||||||||||||
Internet Pipeline, Inc.^ | One stop | L + 4.75% | (a) | 7.28% | 08/2022 | 4,394 | 4,354 | 0.4 | 4,394 | ||||||||||||||
Internet Pipeline, Inc.(8)(9) | One stop | L + 4.75% | (a) | 7.28% | 08/2022 | 3,523 | 3,481 | 0.3 | 3,357 | ||||||||||||||
Internet Pipeline, Inc.^ | One stop | L + 4.75% | (a) | 7.28% | 08/2022 | 1,664 | 1,648 | 0.2 | 1,664 | ||||||||||||||
Internet Pipeline, Inc. | One stop | L + 4.75% | N/A(6) | 08/2021 | — | — | — | — | |||||||||||||||
Orchid Underwriters Agency, LLC* | Senior loan | L + 4.50% | (c) | 7.38% | 12/2024 | 1,872 | 1,853 | 0.2 | 1,853 | ||||||||||||||
Orchid Underwriters Agency, LLC | Senior loan | L + 4.50% | N/A(6) | 12/2024 | — | — | — | — | |||||||||||||||
Orchid Underwriters Agency, LLC(5) | Senior loan | L + 4.50% | N/A(6) | 12/2024 | — | (9 | ) | — | (9 | ) | |||||||||||||
RSC Acquisition, Inc.^* | Senior loan | L + 4.25% | (c)(f) | 7.05% | 11/2022 | 28,810 | 28,673 | 2.7 | 28,810 | ||||||||||||||
RSC Acquisition, Inc. | Senior loan | L + 4.25% | (c) | 7.05% | 11/2021 | 31 | 31 | — | 31 | ||||||||||||||
RSC Acquisition, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 11/2022 | — | (26 | ) | — | — | ||||||||||||||
64,336 | 63,759 | 6.1 | 64,132 | ||||||||||||||||||||
Leisure, Amusement, Motion Pictures, Entertainment | |||||||||||||||||||||||
NFD Operating, LLC^ | One stop | L + 7.00% | (a)(c) | 9.35% | 06/2021 | 2,142 | 2,126 | 0.2 | 2,142 | ||||||||||||||
NFD Operating, LLC | One stop | L + 7.00% | N/A(6) | 06/2021 | — | — | — | — | |||||||||||||||
PADI Holdco, Inc.*(8)(9) | One stop | E + 5.75% | (g) | 5.75% | 04/2023 | 12,474 | 12,474 | 1.1 | 11,968 | ||||||||||||||
PADI Holdco, Inc.^ | One stop | L + 5.75% | (a) | 8.28% | 04/2023 | 12,605 | 12,455 | 1.2 | 12,605 | ||||||||||||||
PADI Holdco, Inc.(5) | One stop | L + 5.75% | N/A(6) | 04/2022 | — | (1 | ) | — | — | ||||||||||||||
Self Esteem Brands, LLC^ | Senior loan | L + 4.75% | (a) | 7.27% | 02/2020 | 8,451 | 8,423 | 0.8 | 8,451 | ||||||||||||||
Sunshine Sub, LLC^ | One stop | L + 4.75% | (a) | 7.27% | 05/2024 | 5,455 | 5,356 | 0.5 | 5,455 | ||||||||||||||
Sunshine Sub, LLC(5) | One stop | L + 4.75% | N/A(6) | 05/2024 | — | (1 | ) | — | — | ||||||||||||||
Sunshine Sub, LLC(5) | One stop | L + 4.75% | N/A(6) | 05/2024 | — | (37 | ) | — | — | ||||||||||||||
Teaching Company, The^ | One stop | L + 4.75% | (c) | 7.35% | 07/2023 | 7,023 | 6,993 | 0.7 | 7,023 | ||||||||||||||
Teaching Company, The(5) | One stop | L + 4.75% | N/A(6) | 07/2023 | — | (1 | ) | — | — | ||||||||||||||
Titan Fitness, LLC^ | One stop | L + 6.50% | (a)(c) | 8.85% | 06/2021 | 1,928 | 1,928 | 0.2 | 1,928 | ||||||||||||||
Titan Fitness, LLC^ | One stop | L + 6.50% | (a)(c) | 8.85% | 06/2021 | 291 | 290 | — | 291 | ||||||||||||||
Titan Fitness, LLC^ | One stop | L + 6.50% | (a)(c) | 8.85% | 06/2021 | 255 | 255 | — | 255 | ||||||||||||||
Titan Fitness, LLC^ | One stop | L + 6.50% | (a)(c) | 8.85% | 06/2021 | 138 | 137 | — | 138 | ||||||||||||||
Titan Fitness, LLC | One stop | L + 6.50% | N/A(6) | 06/2021 | — | — | — | — | |||||||||||||||
WBZ Investment LLC* | One stop | L + 5.50% | (a) | 7.93% | 09/2024 | 3,454 | 3,422 | 0.3 | 3,454 | ||||||||||||||
WBZ Investment LLC | One stop | L + 5.50% | (c) | 8.31% | 09/2024 | 20 | 19 | — | 20 | ||||||||||||||
WBZ Investment LLC(5) | One stop | L + 5.50% | N/A(6) | 09/2024 | — | (26 | ) | — | — | ||||||||||||||
54,236 | 53,812 | 5.0 | 53,730 | ||||||||||||||||||||
Mining, Steel, Iron and Non-Precious Metals | |||||||||||||||||||||||
Benetech, Inc.* | One stop | L + 10.00% | (a) | 10.52% cash/2.00% PIK | 05/2019 | 183 | 183 | — | 183 | ||||||||||||||
Benetech, Inc. | One stop | P + 8.75% | (a)(f) | 11.87% cash/2.00% PIK | 05/2019 | 7 | 7 | — | 7 | ||||||||||||||
190 | 190 | — | 190 | ||||||||||||||||||||
Oil and Gas | |||||||||||||||||||||||
Drilling Info Holdings, Inc.^ | Senior loan | L + 4.25% | (a) | 6.77% | 07/2025 | 15,203 | 15,022 | 1.4 | 15,203 | ||||||||||||||
Drilling Info Holdings, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 07/2023 | — | (2 | ) | — | — | ||||||||||||||
Drilling Info Holdings, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 07/2025 | — | (40 | ) | — | — | ||||||||||||||
15,203 | 14,980 | 1.4 | 15,203 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Personal, Food and Miscellaneous Services - (continued) | |||||||||||||||||||||||
Wetzel's Pretzels, LLC(5) | One stop | L + 6.75% | N/A(6) | 09/2021 | $ | — | $ | (1 | ) | — | % | $ | — | ||||||||||
107,272 | 105,633 | 11.8 | 107,004 | ||||||||||||||||||||
Printing and Publishing | |||||||||||||||||||||||
Brandmuscle, Inc.* | Senior loan | L + 5.00% | (c) | 7.33% | 12/2021 | 534 | 530 | 0.1 | 537 | ||||||||||||||
534 | 530 | 0.1 | 537 | ||||||||||||||||||||
Retail Stores | |||||||||||||||||||||||
Batteries Plus Holding Corporation#* | One stop | L + 6.75% | (a)(f) | 8.84% | 07/2022 | 11,409 | 11,274 | 1.3 | 11,409 | ||||||||||||||
Batteries Plus Holding Corporation | One stop | L + 6.75% | (a) | 8.81% | 07/2022 | 15 | 13 | — | 15 | ||||||||||||||
Cycle Gear, Inc.* | One stop | L + 6.50% | (c) | 8.81% | 01/2020 | 7,514 | 7,474 | 0.8 | 7,514 | ||||||||||||||
Cycle Gear, Inc.* | One stop | L + 6.50% | (c) | 8.81% | 01/2020 | 706 | 702 | 0.1 | 706 | ||||||||||||||
Cycle Gear, Inc.(5) | One stop | L + 6.50% | N/A(6) | 01/2020 | — | (5 | ) | — | — | ||||||||||||||
DTLR, Inc.#* | One stop | L + 6.50% | (c) | 8.86% | 08/2022 | 19,557 | 19,314 | 2.2 | 19,557 | ||||||||||||||
Feeders Supply Company, LLC#* | One stop | L + 5.75% | (a) | 7.84% | 04/2021 | 4,504 | 4,471 | 0.5 | 4,504 | ||||||||||||||
Feeders Supply Company, LLC | Subordinated debt | N/A | 12.50% cash/7.00% PIK | 04/2021 | 59 | 59 | — | 59 | |||||||||||||||
Feeders Supply Company, LLC | One stop | L + 5.75% | N/A(6) | 04/2021 | — | — | — | — | |||||||||||||||
Marshall Retail Group LLC, The# | One stop | L + 6.00% | (c) | 8.31% | 08/2020 | 3,124 | 3,124 | 0.3 | 3,124 | ||||||||||||||
Marshall Retail Group LLC, The | One stop | P + 4.75% | (f) | 9.75% | 08/2019 | 96 | 96 | — | 96 | ||||||||||||||
Mills Fleet Farm Group LLC#* | One stop | L + 5.50% | (a) | 7.59% | 02/2022 | 5,650 | 5,458 | 0.6 | 5,650 | ||||||||||||||
Pet Holdings ULC#*(8)(11) | One stop | L + 5.50% | (c) | 7.81% | 07/2022 | 32,645 | 32,202 | 3.6 | 32,645 | ||||||||||||||
Pet Holdings ULC*(8)(11) | One stop | L + 5.50% | (b)(c) | 7.81% | 07/2022 | 130 | 128 | — | 130 | ||||||||||||||
Pet Holdings ULC(5)(8)(11) | One stop | L + 5.50% | N/A(6) | 07/2022 | — | (2 | ) | — | — | ||||||||||||||
PetPeople Enterprises, LLC* | One stop | L + 5.50% | (a) | 7.60% | 09/2023 | 2,355 | 2,329 | 0.3 | 2,355 | ||||||||||||||
PetPeople Enterprises, LLC(5) | One stop | L + 5.50% | N/A(6) | 09/2023 | — | (2 | ) | — | — | ||||||||||||||
PetPeople Enterprises, LLC(5) | One stop | L + 5.50% | N/A(6) | 09/2023 | — | (1 | ) | — | — | ||||||||||||||
87,764 | 86,634 | 9.7 | 87,764 | ||||||||||||||||||||
Telecommunications | |||||||||||||||||||||||
NetMotion Wireless Holdings, Inc.* | One stop | L + 6.25% | (c) | 8.58% | 10/2021 | 6,356 | 6,270 | 0.7 | 6,356 | ||||||||||||||
NetMotion Wireless Holdings, Inc.(5) | One stop | L + 6.50% | N/A(6) | 10/2021 | — | (1 | ) | — | — | ||||||||||||||
6,356 | 6,269 | 0.7 | 6,356 | ||||||||||||||||||||
Textiles and Leather | |||||||||||||||||||||||
SHO Holding I Corporation* | Senior loan | L + 5.00% | (c) | 7.36% | 10/2022 | 1903 | 1873 | 0.2 | 1827 | ||||||||||||||
SHO Holding I Corporation | Senior loan | L + 4.00% | (c) | 6.31% | 10/2021 | 15 | 15 | — | 12 | ||||||||||||||
1,918 | 1,888 | 0.2 | 1,839 | ||||||||||||||||||||
Utilities | |||||||||||||||||||||||
Arcos, LLC* | One stop | L + 6.00% | (c) | 8.33% | 02/2021 | 3294 | 3275 | 0.4 | 3294 | ||||||||||||||
Arcos, LLC | One stop | L + 6.00% | N/A(6) | 02/2021 | 0 | 0 | — | 0 | |||||||||||||||
3,294 | 3,275 | 0.4 | 3,294 | ||||||||||||||||||||
Total non-controlled/non-affiliate company debt investments | $ | 1,572,797 | $ | 1,553,361 | 174.3 | % | $ | 1,561,615 | |||||||||||||||
Equity investments(12)(13) | |||||||||||||||||||||||
Aerospace and Defense | |||||||||||||||||||||||
Whitcraft LLC | Common stock | N/A | N/A | N/A | 7 | $ | 688 | 0.1 | $ | 955 | |||||||||||||
Automobile | |||||||||||||||||||||||
Grease Monkey International, LLC | LLC units | N/A | N/A | N/A | 448 | 448 | 0.1 | 515 | |||||||||||||||
Polk Acquisition Corp. | LP interest | N/A | N/A | N/A | 4 | 401 | — | 259 | |||||||||||||||
Quick Quack Car Wash Holdings, LLC | LLC units | N/A | N/A | N/A | — | 248 | — | 248 | |||||||||||||||
1,097 | 0.1 | 1,022 | |||||||||||||||||||||
Beverage, Food and Tobacco | |||||||||||||||||||||||
Cafe Rio Holding, Inc. | Common stock | N/A | N/A | N/A | 3 | 283 | — | 307 | |||||||||||||||
Global ID Corporation | LLC interest | N/A | N/A | N/A | 2 | 240 | — | 297 | |||||||||||||||
Hopdoddy Holdings, LLC | LLC units | N/A | N/A | N/A | 17 | 84 | — | 83 | |||||||||||||||
Hopdoddy Holdings, LLC | LLC units | N/A | N/A | N/A | 8 | 24 | — | 24 | |||||||||||||||
Mendocino Farms, LLC | Common stock | N/A | N/A | N/A | 157 | 690 | 0.1 | 690 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Personal and Non Durable Consumer Products (Mfg. Only) | |||||||||||||||||||||||
Georgica Pine Clothiers, LLC^ | One stop | L + 5.50% | (c) | 8.30% | 11/2021 | $ | 4,811 | $ | 4,787 | 0.5 | % | $ | 4,763 | ||||||||||
Georgica Pine Clothiers, LLC* | One stop | L + 5.50% | (c) | 8.30% | 11/2022 | 3,019 | 2,989 | 0.3 | 2,989 | ||||||||||||||
Georgica Pine Clothiers, LLC^ | One stop | L + 5.50% | (c) | 8.30% | 11/2021 | 420 | 418 | — | 416 | ||||||||||||||
Georgica Pine Clothiers, LLC^ | One stop | L + 5.50% | (c) | 8.30% | 11/2021 | 295 | 293 | — | 292 | ||||||||||||||
Georgica Pine Clothiers, LLC(5) | One stop | L + 5.50% | N/A(6) | 11/2021 | — | (1 | ) | — | (1 | ) | |||||||||||||
IMPLUS Footcare, LLC^* | One stop | L + 6.75% | (c) | 9.55% | 04/2021 | 13,089 | 13,016 | 1.2 | 13,089 | ||||||||||||||
IMPLUS Footcare, LLC^ | One stop | L + 6.75% | (c) | 9.55% | 04/2021 | 2,305 | 2,292 | 0.2 | 2,305 | ||||||||||||||
IMPLUS Footcare, LLC | One stop | L + 6.75% | (c) | 9.55% | 04/2021 | 698 | 689 | 0.1 | 698 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.46% | 09/2020 | 3,112 | 3,101 | 0.3 | 3,112 | ||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (c)(f) | 9.54% | 09/2020 | 152 | 151 | — | 152 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.50% | 09/2020 | 113 | 112 | — | 113 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.45% | 09/2020 | 99 | 98 | — | 99 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.55% | 09/2020 | 98 | 98 | — | 98 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.50% | 09/2020 | 94 | 93 | — | 94 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.51% | 09/2020 | 90 | 89 | — | 90 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.51% | 09/2020 | 70 | 70 | — | 70 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.45% | 09/2020 | 45 | 45 | — | 45 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.54% | 09/2020 | 30 | 30 | — | 30 | ||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (c)(f) | 9.58% | 09/2020 | 25 | 21 | — | 25 | ||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | N/A(6) | 09/2020 | — | — | — | — | |||||||||||||||
Orthotics Holdings, Inc.^ | One stop | L + 5.50% | (a) | 8.02% | 02/2020 | 3,647 | 3,632 | 0.3 | 3,647 | ||||||||||||||
Orthotics Holdings, Inc.^(8) | One stop | L + 5.50% | (a) | 8.02% | 02/2020 | 598 | 595 | 0.1 | 598 | ||||||||||||||
Orthotics Holdings, Inc.(8) | One stop | L + 5.50% | N/A(6) | 02/2020 | — | — | — | — | |||||||||||||||
Orthotics Holdings, Inc.(5) | One stop | L + 5.50% | N/A(6) | 02/2020 | — | (2 | ) | — | — | ||||||||||||||
32,810 | 32,616 | 3.0 | 32,724 | ||||||||||||||||||||
Personal, Food and Miscellaneous Services | |||||||||||||||||||||||
Captain D's, LLC^ | Senior loan | L + 4.50% | (c) | 7.30% | 12/2023 | 2,213 | 2,194 | 0.2 | 2,213 | ||||||||||||||
Captain D's, LLC | Senior loan | P + 3.50% | (a)(f) | 8.15% | 12/2023 | 9 | 9 | — | 9 | ||||||||||||||
Clarkson Eyecare LLC^* | One stop | L + 6.25% | (c) | 8.77% | 04/2021 | 43,393 | 43,071 | 4.1 | 43,393 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 6.25% | (a) | 8.60% | 04/2021 | 1,246 | 1,237 | 0.1 | 1,246 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 6.25% | (c) | 8.77% | 04/2021 | 257 | 253 | — | 257 | ||||||||||||||
Community Veterinary Partners, LLC^ | One stop | L + 5.50% | (c) | 8.30% | 10/2021 | 1,940 | 1,936 | 0.2 | 1,940 | ||||||||||||||
Community Veterinary Partners, LLC | One stop | L + 5.50% | (c) | 8.30% | 10/2021 | 767 | 767 | 0.1 | 767 | ||||||||||||||
Community Veterinary Partners, LLC | One stop | L + 5.50% | (c) | 8.30% | 10/2021 | 578 | 578 | 0.1 | 578 | ||||||||||||||
Community Veterinary Partners, LLC^ | One stop | L + 5.50% | (c) | 8.30% | 10/2021 | 515 | 515 | 0.1 | 515 | ||||||||||||||
Community Veterinary Partners, LLC^ | One stop | L + 5.50% | (c) | 8.30% | 10/2021 | 99 | 97 | — | 99 | ||||||||||||||
Community Veterinary Partners, LLC | One stop | L + 5.50% | (c) | 8.30% | 10/2021 | 45 | 6 | — | 45 | ||||||||||||||
Community Veterinary Partners, LLC(5) | One stop | L + 5.50% | N/A(6) | 10/2021 | — | (22 | ) | — | — | ||||||||||||||
Imperial Optical Midco Inc. | One stop | L + 4.75% | (b)(c) | 7.38% | 08/2023 | 658 | 601 | 0.1 | 658 | ||||||||||||||
Imperial Optical Midco Inc. | One stop | L + 4.75% | (b) | 7.25% | 08/2023 | 150 | 148 | — | 150 | ||||||||||||||
Imperial Optical Midco Inc. | One stop | L + 4.75% | N/A(6) | 08/2023 | — | — | — | — | |||||||||||||||
PPV Intermediate Holdings II, LLC | One stop | P + 4.00% | (f) | 9.50% | 05/2023 | 32 | 31 | — | 32 | ||||||||||||||
PPV Intermediate Holdings II, LLC | One stop | N/A | 7.90% PIK | 05/2023 | 19 | 19 | — | 19 | |||||||||||||||
PPV Intermediate Holdings II, LLC(5) | One stop | L + 5.00% | N/A(6) | 05/2020 | — | (65 | ) | — | — | ||||||||||||||
Ruby Slipper Cafe LLC, The | One stop | L + 7.50% | (c) | 9.98% | 01/2023 | 59 | 59 | — | 59 | ||||||||||||||
Ruby Slipper Cafe LLC, The | One stop | L + 7.50% | (c) | 10.03% | 01/2023 | 70 | 56 | — | 70 | ||||||||||||||
Ruby Slipper Cafe LLC, The | One stop | L + 7.50% | (c) | 10.13% | 01/2023 | 5 | 5 | — | 5 | ||||||||||||||
Southern Veterinary Partners, LLC^ | One stop | L + 5.50% | (a) | 8.02% | 05/2025 | 3,598 | 3,565 | 0.3 | 3,598 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 8.02% | 05/2025 | 2,171 | 2,151 | 0.2 | 2,171 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 8.02% | 05/2025 | 1,911 | 1,894 | 0.2 | 1,911 | ||||||||||||||
Southern Veterinary Partners, LLC^ | One stop | L + 5.50% | (a) | 8.02% | 05/2025 | 1,569 | 1,546 | 0.1 | 1,569 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 8.02% | 05/2025 | 1,189 | 1,178 | 0.1 | 1,189 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 8.02% | 05/2025 | 1,108 | 1,072 | 0.1 | 1,108 | ||||||||||||||
Southern Veterinary Partners, LLC^ | One stop | L + 5.50% | (a) | 8.02% | 05/2025 | 1,036 | 1,027 | 0.1 | 1,036 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Beverage, Food and Tobacco - (continued) | |||||||||||||||||||||||
Purfoods, LLC | LLC interest | N/A | N/A | N/A | 355 | $ | 355 | 0.1 | % | $ | 429 | ||||||||||||
1,676 | 0.2 | 1,830 | |||||||||||||||||||||
Chemicals, Plastics and Rubber | |||||||||||||||||||||||
Flexan, LLC | Preferred stock | N/A | N/A | N/A | — | 40 | — | 32 | |||||||||||||||
Flexan, LLC | Common stock | N/A | N/A | N/A | — | — | — | — | |||||||||||||||
40 | — | 32 | |||||||||||||||||||||
Diversified/Conglomerate Manufacturing | |||||||||||||||||||||||
Inventus Power, Inc. | Preferred stock | N/A | N/A | N/A | — | 259 | — | — | |||||||||||||||
Inventus Power, Inc. | LLC units | N/A | N/A | N/A | — | 38 | — | 38 | |||||||||||||||
Inventus Power, Inc. | Common stock | N/A | N/A | N/A | — | — | — | — | |||||||||||||||
Reladyne, Inc. | LP interest | N/A | N/A | N/A | — | 242 | 0.1 | 501 | |||||||||||||||
539 | 0.1 | 539 | |||||||||||||||||||||
Diversified/Conglomerate Service | |||||||||||||||||||||||
Accela, Inc. | LLC units | N/A | N/A | N/A | 374 | 374 | 0.1 | 397 | |||||||||||||||
Agility Recovery Solutions Inc. | Preferred stock | N/A | N/A | N/A | 30 | 152 | — | 182 | |||||||||||||||
Apttus Corporation | Preferred stock | N/A | N/A | N/A | 21 | 319 | 0.1 | 341 | |||||||||||||||
Apttus Corporation | Warrant | N/A | N/A | N/A | 41 | 235 | — | 257 | |||||||||||||||
Cloudbees, Inc. | Preferred stock | N/A | N/A | N/A | 39 | 247 | — | 247 | |||||||||||||||
Cloudbees, Inc. | Warrant | N/A | N/A | N/A | 35 | 46 | — | 46 | |||||||||||||||
Confluence Technologies, Inc. | LLC interest | N/A | N/A | N/A | 1 | 106 | — | 106 | |||||||||||||||
Connexin Software, Inc. | LLC interest | N/A | N/A | N/A | 84 | 84 | — | 84 | |||||||||||||||
Digital Guardian, Inc. | Warrant | N/A | N/A | N/A | 67 | 11 | — | 11 | |||||||||||||||
GS Acquisitionco, Inc. | LP interest | N/A | N/A | N/A | 1 | 117 | — | 117 | |||||||||||||||
HealthcareSource HR, Inc. | LLC interest | N/A | N/A | N/A | — | 165 | — | 154 | |||||||||||||||
Host Analytics, Inc. | Warrant | N/A | N/A | N/A | 164 | 60 | — | 203 | |||||||||||||||
Maverick Bidco Inc. | LLC units | N/A | N/A | N/A | 1 | 597 | 0.1 | 589 | |||||||||||||||
MMan Acquisition Co. | LP interest | N/A | N/A | N/A | 334 | 334 | — | 323 | |||||||||||||||
Net Health Acquisition Corp. | LP interest | N/A | N/A | N/A | — | 436 | 0.1 | 454 | |||||||||||||||
Nexus Brands Group, Inc. | LP interest | N/A | N/A | N/A | — | 172 | — | 200 | |||||||||||||||
Project Alpha Intermediate Holding, Inc. | Common stock | N/A | N/A | N/A | — | 399 | 0.1 | 416 | |||||||||||||||
Project Alpha Intermediate Holding, Inc. | Common stock | N/A | N/A | N/A | 99 | 4 | — | — | |||||||||||||||
Property Brands, Inc. | Preferred stock | N/A | N/A | N/A | 34 | 345 | 0.1 | 357 | |||||||||||||||
Quickbase, Inc. | Common stock | N/A | N/A | N/A | 615 | 260 | 0.1 | 691 | |||||||||||||||
Switchfly, Inc. | Warrant | N/A | N/A | N/A | 86 | 118 | — | 102 | |||||||||||||||
Valant Medical Solutions, Inc. | Warrant | N/A | N/A | N/A | 6 | 86 | — | 71 | |||||||||||||||
Verisys Corporation | LLC interest | N/A | N/A | N/A | 318 | 318 | — | 334 | |||||||||||||||
Workforce Software, LLC | LLC units | N/A | N/A | N/A | 1,373 | 1,373 | 0.2 | 1,666 | |||||||||||||||
Xmatters, Inc. and Alarmpoint, Inc. | Preferred stock | N/A | N/A | N/A | 232 | 212 | — | 249 | |||||||||||||||
Xmatters, Inc. and Alarmpoint, Inc. | Warrant | N/A | N/A | N/A | 41 | 33 | — | 20 | |||||||||||||||
6,603 | 0.9 | 7,617 | |||||||||||||||||||||
Ecological | |||||||||||||||||||||||
Pace Analytical Services, LLC | Common stock | N/A | N/A | N/A | 3 | 302 | — | 269 | |||||||||||||||
Electronics | |||||||||||||||||||||||
Diligent Corporation(18) | Preferred stock | N/A | N/A | N/A | 359 | 4 | 0.1 | 973 | |||||||||||||||
SEI, Inc. | LLC units | N/A | N/A | N/A | 207 | 161 | 0.1 | 374 | |||||||||||||||
Sloan Company, Inc., The | LLC units | N/A | N/A | N/A | — | 74 | — | — | |||||||||||||||
Sloan Company, Inc., The | LLC units | N/A | N/A | N/A | 1 | 7 | — | — | |||||||||||||||
246 | 0.2 | 1,347 | |||||||||||||||||||||
Healthcare, Education and Childcare | |||||||||||||||||||||||
Active Day, Inc. | LLC interest | N/A | N/A | N/A | 1 | 529 | 0.1 | 480 | |||||||||||||||
Acuity Eyecare Holdings, LLC | LLC interest | N/A | N/A | N/A | 419 | 419 | 0.1 | 396 | |||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | Preferred stock | N/A | N/A | N/A | 1 | 596 | 0.1 | 372 | |||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | Common stock | N/A | N/A | N/A | — | 6 | — | — | |||||||||||||||
BIORECLAMATIONIVT, LLC | LLC units | N/A | N/A | N/A | — | 360 | 0.1 | 603 | |||||||||||||||
DCA Investment Holding, LLC | LLC units | N/A | N/A | N/A | 5,253 | 525 | 0.1 | 656 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Personal, Food and Miscellaneous Services - (continued) | |||||||||||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 8.02% | 05/2025 | $ | 851 | $ | 843 | 0.1 | % | $ | 851 | ||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 8.02% | 05/2025 | 775 | 740 | 0.1 | 775 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a)(c) | 8.01% | 05/2023 | 54 | 53 | — | 54 | ||||||||||||||
Southern Veterinary Partners, LLC(5) | One stop | L + 5.50% | N/A(6) | 05/2025 | — | (66 | ) | — | — | ||||||||||||||
Veterinary Specialists of North America, LLC^ | One stop | L + 5.50% | (a)(c) | 7.97% | 07/2021 | 3,804 | 3,778 | 0.4 | 3,804 | ||||||||||||||
Veterinary Specialists of North America, LLC | One stop | L + 5.50% | (a)(b) | 8.07% | 07/2021 | 501 | 497 | 0.1 | 501 | ||||||||||||||
Veterinary Specialists of North America, LLC | One stop | L + 5.50% | (a) | 8.02% | 07/2021 | 463 | 459 | 0.1 | 463 | ||||||||||||||
Veterinary Specialists of North America, LLC | One stop | L + 5.50% | (a) | 8.02% | 07/2021 | 419 | 415 | 0.1 | 419 | ||||||||||||||
Veterinary Specialists of North America, LLC^ | One stop | L + 5.50% | (a) | 8.02% | 07/2021 | 228 | 227 | — | 228 | ||||||||||||||
Veterinary Specialists of North America, LLC^ | One stop | L + 5.50% | (a) | 8.02% | 07/2021 | 88 | 88 | — | 88 | ||||||||||||||
Veterinary Specialists of North America, LLC | One stop | L + 5.50% | (a) | 8.01% | 07/2021 | 35 | 34 | — | 35 | ||||||||||||||
Veterinary Specialists of North America, LLC^ | One stop | L + 5.50% | (a) | 8.02% | 07/2021 | 33 | 32 | — | 33 | ||||||||||||||
Veterinary Specialists of North America, LLC(5) | One stop | L + 5.50% | N/A(6) | 07/2021 | — | (2 | ) | — | — | ||||||||||||||
Wetzel's Pretzels, LLC^ | One stop | L + 6.75% | (a) | 9.27% | 09/2021 | 8,268 | 8,195 | 0.8 | 8,268 | ||||||||||||||
Wetzel's Pretzels, LLC | One stop | L + 6.75% | (a) | 9.27% | 09/2021 | 19 | 19 | — | 19 | ||||||||||||||
80,175 | 79,240 | 7.8 | 80,175 | ||||||||||||||||||||
Printing and Publishing | |||||||||||||||||||||||
Brandmuscle, Inc.^ | Senior loan | L + 5.00% | (c) | 7.80% | 12/2021 | 531 | 528 | 0.1 | 534 | ||||||||||||||
Messenger, LLC* | One stop | L + 6.00% | (a)(f) | 8.51% | 08/2023 | 3,917 | 3,880 | 0.4 | 3,917 | ||||||||||||||
Messenger, LLC | One stop | L + 6.00% | N/A(6) | 08/2023 | — | — | — | — | |||||||||||||||
4,448 | 4,408 | 0.5 | 4,451 | ||||||||||||||||||||
Retail Stores | |||||||||||||||||||||||
Batteries Plus Holding Corporation^ | One stop | L + 6.75% | (a) | 9.27% | 07/2022 | 11,350 | 11,231 | 1.1 | 11,350 | ||||||||||||||
Batteries Plus Holding Corporation(5) | One stop | L + 6.75% | N/A(6) | 07/2022 | — | (1 | ) | — | — | ||||||||||||||
Boot Barn, Inc.* | Senior loan | L + 4.50% | (c) | 7.31% | 06/2021 | 206 | 202 | — | 206 | ||||||||||||||
Cycle Gear, Inc.^* | One stop | L + 4.50% | (c) | 6.90% | 01/2021 | 7,540 | 7,450 | 0.7 | 7,540 | ||||||||||||||
Cycle Gear, Inc. | One stop | L + 4.50% | (a)(c) | 7.21% | 01/2021 | 837 | 824 | 0.1 | 837 | ||||||||||||||
Cycle Gear, Inc.^ | One stop | L + 4.50% | (c) | 6.90% | 01/2021 | 703 | 700 | 0.1 | 703 | ||||||||||||||
DTLR, Inc.^* | One stop | L + 6.50% | (c) | 9.06% | 08/2022 | 19,458 | 19,245 | 1.8 | 19,458 | ||||||||||||||
Feeders Supply Company, LLC^ | One stop | L + 5.75% | (a) | 8.27% | 04/2021 | 4,479 | 4,452 | 0.4 | 4,479 | ||||||||||||||
Feeders Supply Company, LLC | Subordinated debt | N/A | 12.50% cash/7.00% PIK | 04/2021 | 63 | 63 | — | 63 | |||||||||||||||
Feeders Supply Company, LLC | One stop | L + 5.75% | N/A(6) | 04/2021 | — | — | — | — | |||||||||||||||
Jet Equipment & Tools Ltd.*(8)(9)(12) | One stop | L + 5.75% | (a) | 8.03% | 11/2024 | 9,791 | 9,672 | 0.9 | 9,300 | ||||||||||||||
Jet Equipment & Tools Ltd.*(8)(12) | One stop | L + 5.75% | (c) | 8.55% | 11/2024 | 2,327 | 2,304 | 0.2 | 2,304 | ||||||||||||||
Jet Equipment & Tools Ltd.(5)(8)(9)(12) | One stop | L + 5.75% | N/A(6) | 11/2024 | — | (2 | ) | — | (1 | ) | |||||||||||||
Marshall Retail Group LLC, The^ | One stop | L + 6.00% | (c) | 8.40% | 08/2020 | 3,124 | 3,124 | 0.3 | 3,124 | ||||||||||||||
Marshall Retail Group LLC, The | One stop | P + 4.75% | (f) | 10.25% | 08/2019 | 115 | 115 | — | 115 | ||||||||||||||
Mills Fleet Farm Group LLC^* | One stop | L + 6.25% | (a) | 8.77% | 10/2024 | 37,030 | 36,408 | 3.5 | 37,030 | ||||||||||||||
Pet Holdings ULC^*(8)(12) | One stop | L + 5.50% | (c) | 7.90% | 07/2022 | 32,596 | 32,399 | 3.1 | 32,596 | ||||||||||||||
Pet Holdings ULC^(8)(12) | One stop | L + 5.50% | (c) | 7.90% | 07/2022 | 130 | 128 | — | 130 | ||||||||||||||
Pet Holdings ULC(5)(8)(12) | One stop | L + 5.50% | N/A(6) | 07/2022 | — | (2 | ) | — | — | ||||||||||||||
Pet Supplies Plus, LLC* | Senior loan | L + 4.50% | (c) | 7.28% | 12/2024 | 7,678 | 7,602 | 0.7 | 7,601 | ||||||||||||||
Pet Supplies Plus, LLC | Senior loan | P + 3.50% | (f) | 9.00% | 12/2023 | 28 | 27 | — | 27 | ||||||||||||||
PetPeople Enterprises, LLC^ | One stop | L + 5.00% | (a) | 7.53% | 09/2023 | 2,343 | 2,320 | 0.2 | 2,343 | ||||||||||||||
PetPeople Enterprises, LLC | One stop | L + 5.00% | (a) | 7.52% | 09/2023 | 15 | 15 | — | 15 | ||||||||||||||
PetPeople Enterprises, LLC(5) | One stop | L + 5.00% | N/A(6) | 09/2023 | — | (2 | ) | — | — | ||||||||||||||
Sola Franchise, LLC and Sola Salon Studios, LLC* | One stop | L + 5.50% | (c) | 8.03% | 10/2024 | 2,232 | 2,210 | 0.2 | 2,209 | ||||||||||||||
Sola Franchise, LLC and Sola Salon Studios, LLC(5) | One stop | L + 5.50% | N/A(6) | 10/2024 | — | — | — | (1 | ) | ||||||||||||||
Sola Franchise, LLC and Sola Salon Studios, LLC(5) | One stop | L + 5.50% | N/A(6) | 10/2024 | — | (15 | ) | — | (16 | ) | |||||||||||||
Sola Franchise, LLC and Sola Salon Studios, LLC(5) | One stop | L + 5.50% | N/A(6) | 10/2024 | — | (19 | ) | — | (20 | ) | |||||||||||||
142,045 | 140,450 | 13.3 | 141,392 | ||||||||||||||||||||
Telecommunications | |||||||||||||||||||||||
NetMotion Wireless Holdings, Inc.^ | One stop | L + 6.25% | (c) | 9.05% | 10/2021 | 6,324 | 6,250 | 0.6 | 6,324 | ||||||||||||||
NetMotion Wireless Holdings, Inc.(5) | One stop | L + 6.25% | N/A(6) | 10/2021 | — | (1 | ) | — | — | ||||||||||||||
6,324 | 6,249 | 0.6 | 6,324 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Healthcare, Education and Childcare - (continued) | |||||||||||||||||||||||
DCA Investment Holding, LLC | LLC units | N/A | N/A | N/A | 53 | $ | 5 | — | % | $ | 48 | ||||||||||||
Deca Dental Management LLC | LLC units | N/A | N/A | N/A | 651 | 651 | 0.1 | 764 | |||||||||||||||
Dental Holdings Corporation | LLC units | N/A | N/A | N/A | 394 | 370 | — | 335 | |||||||||||||||
Elite Dental Partners LLC | Common stock | N/A | N/A | N/A | — | 426 | 0.1 | 426 | |||||||||||||||
Encore GC Acquisition, LLC | LLC units | N/A | N/A | N/A | 8 | 81 | — | 104 | |||||||||||||||
Encore GC Acquisition, LLC | LLC units | N/A | N/A | N/A | 8 | — | — | — | |||||||||||||||
ERG Buyer, LLC | LLC units | N/A | N/A | N/A | — | 418 | 0.1 | 418 | |||||||||||||||
ERG Buyer, LLC | LLC units | N/A | N/A | N/A | 4 | 4 | — | 4 | |||||||||||||||
Eyecare Services Partners Holdings LLC | LLC units | N/A | N/A | N/A | — | 304 | — | 331 | |||||||||||||||
Eyecare Services Partners Holdings LLC | LLC units | N/A | N/A | N/A | — | 3 | — | 191 | |||||||||||||||
G & H Wire Company, Inc. | LLC interest | N/A | N/A | N/A | 187 | 187 | — | 141 | |||||||||||||||
Kareo, Inc. | Warrant | N/A | N/A | N/A | 29 | 203 | — | 4 | |||||||||||||||
Katena Holdings, Inc. | LLC units | N/A | N/A | N/A | — | 205 | — | 150 | |||||||||||||||
Lombart Brothers, Inc. | Common stock | N/A | N/A | N/A | — | 139 | — | 94 | |||||||||||||||
MWD Management, LLC & MWD Services, Inc. | LLC interest | N/A | N/A | N/A | 230 | 230 | — | 196 | |||||||||||||||
Oliver Street Dermatology Holdings, LLC | LLC units | N/A | N/A | N/A | 218 | 218 | — | 314 | |||||||||||||||
Pinnacle Treatment Centers, Inc. | Preferred stock | N/A | N/A | N/A | — | 226 | — | 250 | |||||||||||||||
Pinnacle Treatment Centers, Inc. | Common stock | N/A | N/A | N/A | 2 | 2 | — | — | |||||||||||||||
RXH Buyer Corporation | LP interest | N/A | N/A | N/A | 4 | 443 | — | 181 | |||||||||||||||
SLMP, LLC | LLC interest | N/A | N/A | N/A | 378 | 378 | 0.1 | 471 | |||||||||||||||
Summit Behavioral Healthcare, LLC | LLC interest | N/A | N/A | N/A | 1 | 86 | — | 76 | |||||||||||||||
Summit Behavioral Healthcare, LLC | LLC interest | N/A | N/A | N/A | 1 | — | — | — | |||||||||||||||
WHCG Management, LLC | LLC interest | N/A | N/A | N/A | — | 281 | — | 188 | |||||||||||||||
7,295 | 0.9 | 7,193 | |||||||||||||||||||||
Insurance | |||||||||||||||||||||||
Internet Pipeline, Inc. | Preferred stock | N/A | N/A | N/A | — | 153 | — | 205 | |||||||||||||||
Internet Pipeline, Inc. | Common stock | N/A | N/A | N/A | 93 | 2 | — | 340 | |||||||||||||||
155 | — | 545 | |||||||||||||||||||||
Leisure, Amusement, Motion Pictures, Entertainment | |||||||||||||||||||||||
PADI Holdco, Inc. | LLC units | N/A | N/A | N/A | 1 | 539 | 0.1 | 534 | |||||||||||||||
Mining, Steel, Iron and Non-Precious Metals | |||||||||||||||||||||||
Benetech, Inc. | LLC interest | N/A | N/A | N/A | 2 | — | — | — | |||||||||||||||
Benetech, Inc. | LLC interest | N/A | N/A | N/A | 2 | — | — | — | |||||||||||||||
— | — | — | |||||||||||||||||||||
Personal and Non Durable Consumer Products (Mfg. Only) | |||||||||||||||||||||||
Georgica Pine Clothiers, LLC | LLC units | N/A | N/A | N/A | 9 | 91 | — | 130 | |||||||||||||||
Personal, Food and Miscellaneous Services | |||||||||||||||||||||||
Captain D's, LLC | LLC interest | N/A | N/A | N/A | 88 | 88 | — | 90 | |||||||||||||||
Clarkson Eyecare LLC | LLC units | N/A | N/A | N/A | — | 86 | — | 134 | |||||||||||||||
Community Veterinary Partners, LLC | Common stock | N/A | N/A | N/A | 2 | 210 | — | 244 | |||||||||||||||
PPV Intermediate Holdings II, LLC | LLC interest | N/A | N/A | N/A | 160 | 160 | — | 160 | |||||||||||||||
Ruby Slipper Cafe LLC, The | LLC units | N/A | N/A | N/A | 19 | 186 | — | 186 | |||||||||||||||
Southern Veterinary Partners, LLC | LLC units | N/A | N/A | N/A | — | 282 | 0.1 | 417 | |||||||||||||||
Southern Veterinary Partners, LLC | LLC units | N/A | N/A | N/A | 83 | 3 | — | — | |||||||||||||||
Vetcor Professional Practices LLC | LLC units | N/A | N/A | N/A | 498 | 234 | — | 283 | |||||||||||||||
Vetcor Professional Practices LLC | LLC units | N/A | N/A | N/A | 55 | 55 | 0.2 | 1,527 | |||||||||||||||
Veterinary Specialists of North America, LLC | LLC units | N/A | N/A | N/A | — | 56 | — | 85 | |||||||||||||||
Wetzel's Pretzels, LLC | Common stock | N/A | N/A | N/A | — | 149 | — | 206 | |||||||||||||||
1,509 | 0.3 | 3,332 | |||||||||||||||||||||
Printing and Publishing | |||||||||||||||||||||||
Brandmuscle, Inc. | LLC interest | N/A | N/A | N/A | — | 207 | — | 168 | |||||||||||||||
Retail Stores | |||||||||||||||||||||||
Batteries Plus Holding Corporation | LP interest | N/A | N/A | N/A | 5 | 505 | 0.1 | 744 | |||||||||||||||
Cycle Gear, Inc. | LLC units | N/A | N/A | N/A | 8 | 111 | — | 202 | |||||||||||||||
Elite Sportswear, L.P. | LLC interest | N/A | N/A | N/A | — | 70 | — | 23 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Textiles and Leather | |||||||||||||||||||||||
SHO Holding I Corporation^ | Senior loan | L + 5.00% | (c) | 7.53% | 10/2022 | $ | 1,893 | $ | 1,867 | 0.2 | % | $ | 1,817 | ||||||||||
SHO Holding I Corporation | Senior loan | L + 4.00% | (c) | 6.44% | 10/2021 | 15 | 15 | — | 13 | ||||||||||||||
1,908 | 1,882 | 0.2 | 1,830 | ||||||||||||||||||||
Utilities | |||||||||||||||||||||||
Arcos, LLC^ | One stop | L + 6.00% | (c) | 8.8% | 02/2021 | 3294 | 3278 | 0.3 | 3294 | ||||||||||||||
Arcos, LLC | One stop | L + 6.00% | N/A(6) | 02/2021 | — | — | — | — | |||||||||||||||
3,294 | 3,278 | 0.3 | 3,294 | ||||||||||||||||||||
Total non-controlled/non-affiliate company debt investments | $ | 1,798,116 | $ | 1,777,891 | 168.5 | % | $ | 1,780,301 | |||||||||||||||
Equity investments(12)(13) | |||||||||||||||||||||||
Aerospace and Defense | |||||||||||||||||||||||
Whitcraft LLC | Common stock | N/A | N/A | N/A | 7 | $ | 688 | 0.1 | % | $ | 1,166 | ||||||||||||
Automobile | |||||||||||||||||||||||
Grease Monkey International, LLC | LLC units | N/A | N/A | N/A | 448 | 448 | 0.1 | 720 | |||||||||||||||
Polk Acquisition Corp. | LP interest | N/A | N/A | N/A | 4 | 401 | — | 172 | |||||||||||||||
Quick Quack Car Wash Holdings, LLC | LLC units | N/A | N/A | N/A | — | 248 | — | 248 | |||||||||||||||
1,097 | 0.1 | 1,140 | |||||||||||||||||||||
Beverage, Food and Tobacco | |||||||||||||||||||||||
Cafe Rio Holding, Inc. | Common stock | N/A | N/A | N/A | 3 | 283 | — | 349 | |||||||||||||||
Global ID Corporation | LLC interest | N/A | N/A | N/A | 2 | 240 | — | 320 | |||||||||||||||
Hopdoddy Holdings, LLC | LLC units | N/A | N/A | N/A | 17 | 84 | — | 73 | |||||||||||||||
Hopdoddy Holdings, LLC | LLC units | N/A | N/A | N/A | 8 | 24 | — | 21 | |||||||||||||||
Mendocino Farms, LLC | Common stock | N/A | N/A | N/A | 157 | 690 | 0.1 | 668 | |||||||||||||||
Purfoods, LLC | LLC interest | N/A | N/A | N/A | 355 | 355 | 0.1 | 555 | |||||||||||||||
Wood Fired Holding Corp. | LLC units | N/A | N/A | N/A | 232 | 232 | — | 232 | |||||||||||||||
Wood Fired Holding Corp. | LLC units | N/A | N/A | N/A | 232 | — | — | — | |||||||||||||||
1,908 | 0.2 | 2,218 | |||||||||||||||||||||
Chemicals, Plastics and Rubber | |||||||||||||||||||||||
Flexan, LLC | Preferred stock | N/A | N/A | N/A | — | 40 | — | 31 | |||||||||||||||
Flexan, LLC | Common stock | N/A | N/A | N/A | — | — | — | — | |||||||||||||||
Inhance Technologies Holdings LLC | LLC units | N/A | N/A | N/A | — | 80 | — | 80 | |||||||||||||||
120 | — | 111 | |||||||||||||||||||||
Diversified/Conglomerate Manufacturing | |||||||||||||||||||||||
Inventus Power, Inc. | Preferred stock | N/A | N/A | N/A | — | 259 | — | — | |||||||||||||||
Inventus Power, Inc. | LLC units | N/A | N/A | N/A | — | 38 | — | 37 | |||||||||||||||
Inventus Power, Inc. | Common stock | N/A | N/A | N/A | — | — | — | — | |||||||||||||||
Reladyne, Inc. | LP interest | N/A | N/A | N/A | — | 242 | 0.1 | 576 | |||||||||||||||
539 | 0.1 | 613 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Retail Stores - (continued) | |||||||||||||||||||||||
Feeders Supply Company, LLC | Preferred stock | N/A | N/A | N/A | 2 | $ | 179 | — | % | $ | 219 | ||||||||||||
Feeders Supply Company, LLC | Common stock | N/A | N/A | N/A | — | — | — | 55 | |||||||||||||||
Pet Holdings ULC(8)(11) | LP interest | N/A | N/A | N/A | 222 | 188 | — | 260 | |||||||||||||||
1,053 | 0.1 | 1,503 | |||||||||||||||||||||
Total non-controlled/non-affiliate company equity investments | $ | 22,040 | 3.0 | % | $ | 27,016 | |||||||||||||||||
Total non-controlled/non-affiliate company investments | $ | 1,572,797 | $ | 1,575,401 | 177.3 | % | $ | 1,588,631 | |||||||||||||||
Controlled affiliate company investments(15) | |||||||||||||||||||||||
Equity investments | |||||||||||||||||||||||
Investment Funds and Vehicles | |||||||||||||||||||||||
GCIC Senior Loan Fund LLC(8)(16) | LLC interest | N/A | N/A | N/A | 52,294 | $ | 52,294 | 6.0 | $ | 54,004 | |||||||||||||
Total controlled affiliate company equity investments | $ | 52,294 | 6.0 | % | $ | 54,004 | |||||||||||||||||
Total controlled affiliate company investments | $ | 52,294 | 6.0 | % | $ | 54,004 | |||||||||||||||||
Total investments | $ | 1,572,797 | $ | 1,627,695 | 183.3 | % | $ | 1,642,635 | |||||||||||||||
Cash, cash equivalents, foreign currencies and restricted cash and cash equivalents | |||||||||||||||||||||||
Cash, foreign currencies and restricted cash | $ | 38,893 | 4.3 | % | $ | 38,893 | |||||||||||||||||
BlackRock Liquidity Funds T-Fund Institutional Shares (CUSIP 09248U718) | 1.77% (17) | 41 | — | 41 | |||||||||||||||||||
Total cash, cash equivalents, foreign currencies and restricted cash and cash equivalents | $ | 38,934 | 4.3 | % | $ | 38,934 | |||||||||||||||||
Total investments and cash, cash equivalents, foreign currencies and restricted cash and cash equivalents | $ | 1,666,629 | 187.6 | % | $ | 1,681,569 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Diversified/Conglomerate Service | |||||||||||||||||||||||
Accela, Inc. | LLC units | N/A | N/A | N/A | 374 | $ | 374 | 0.1 | % | $ | 381 | ||||||||||||
Agility Recovery Solutions Inc. | Preferred stock | N/A | N/A | N/A | 30 | 152 | — | 231 | |||||||||||||||
Caliper Software, Inc. | Preferred stock | N/A | N/A | N/A | 1 | 1,326 | 0.1 | 1,382 | |||||||||||||||
Caliper Software, Inc. | Common stock | N/A | N/A | N/A | 117 | 117 | — | 117 | |||||||||||||||
Centrify Corporation | LP interest | N/A | N/A | N/A | — | 400 | 0.1 | 400 | |||||||||||||||
Centrify Corporation | LP interest | N/A | N/A | N/A | 141 | — | — | — | |||||||||||||||
Cloudbees, Inc. | Preferred stock | N/A | N/A | N/A | 39 | 247 | — | 248 | |||||||||||||||
Cloudbees, Inc. | Warrant | N/A | N/A | N/A | 35 | 46 | — | 81 | |||||||||||||||
Confluence Technologies, Inc. | LLC interest | N/A | N/A | N/A | 1 | 106 | — | 131 | |||||||||||||||
Connexin Software, Inc. | LLC interest | N/A | N/A | N/A | 84 | 84 | — | 117 | |||||||||||||||
Digital Guardian, Inc. | Warrant | N/A | N/A | N/A | 67 | 11 | — | 67 | |||||||||||||||
GS Acquisitionco, Inc. | LP interest | N/A | N/A | N/A | 1 | 117 | — | 172 | |||||||||||||||
HealthcareSource HR, Inc. | LLC interest | N/A | N/A | N/A | — | 165 | — | 196 | |||||||||||||||
Host Analytics, Inc. | Warrant | N/A | N/A | N/A | 164 | 60 | — | 66 | |||||||||||||||
Hydraulic Authority III Limited(8)(9)(10) | Preferred stock | N/A | N/A | N/A | 151 | 192 | — | 192 | |||||||||||||||
Hydraulic Authority III Limited(8)(9)(10) | Common stock | N/A | N/A | N/A | 3 | — | — | — | |||||||||||||||
Kareo, Inc. | Warrant | N/A | N/A | N/A | 29 | 203 | — | 2 | |||||||||||||||
Kareo, Inc. | Preferred stock | N/A | N/A | N/A | 1 | 5 | — | 6 | |||||||||||||||
Maverick Bidco Inc. | LLC units | N/A | N/A | N/A | 1 | 597 | 0.1 | 630 | |||||||||||||||
MMan Acquisition Co. | LP interest | N/A | N/A | N/A | 334 | 334 | — | 123 | |||||||||||||||
MMan Acquisition Co. | Preferred stock | N/A | N/A | N/A | — | 26 | — | 27 | |||||||||||||||
Net Health Acquisition Corp. | LP interest | N/A | N/A | N/A | — | 436 | 0.1 | 452 | |||||||||||||||
Nexus Brands Group, Inc. | LP interest | N/A | N/A | N/A | — | 236 | — | 274 | |||||||||||||||
Personify, Inc. | LLC units | N/A | N/A | N/A | 342 | 342 | — | 339 | |||||||||||||||
Pride Midco, Inc. | Preferred stock | N/A | N/A | N/A | 1 | 1,256 | 0.1 | 1,306 | |||||||||||||||
Project Alpha Intermediate Holding, Inc. | Common stock | N/A | N/A | N/A | — | 399 | 0.1 | 488 | |||||||||||||||
Project Alpha Intermediate Holding, Inc. | Common stock | N/A | N/A | N/A | 99 | 4 | — | 82 | |||||||||||||||
Property Brands, Inc. | Preferred stock | N/A | N/A | N/A | 34 | 345 | 0.1 | 393 | |||||||||||||||
Quickbase, Inc. | Common stock | N/A | N/A | N/A | 615 | — | 0.2 | 1,773 | |||||||||||||||
RegEd Aquireco, LLC | LP interest | N/A | N/A | N/A | — | 157 | — | 157 | |||||||||||||||
RegEd Aquireco, LLC | LP interest | N/A | N/A | N/A | 2 | — | — | — | |||||||||||||||
Valant Medical Solutions, Inc. | Warrant | N/A | N/A | N/A | 6 | 86 | — | 47 | |||||||||||||||
Verisys Corporation | LLC interest | N/A | N/A | N/A | 318 | 318 | — | 239 | |||||||||||||||
Workforce Software, LLC | LLC units | N/A | N/A | N/A | 1,373 | 1,373 | 0.1 | 1,519 | |||||||||||||||
Xmatters, Inc. and Alarmpoint, Inc. | Preferred stock | N/A | N/A | N/A | 232 | 212 | — | 211 | |||||||||||||||
Xmatters, Inc. and Alarmpoint, Inc. | Warrant | N/A | N/A | N/A | 41 | 33 | — | 16 | |||||||||||||||
Xmatters, Inc. and Alarmpoint, Inc. | Preferred stock | N/A | N/A | N/A | 10 | 10 | — | 12 | |||||||||||||||
9,769 | 1.1 | 11,877 | |||||||||||||||||||||
Ecological | |||||||||||||||||||||||
Pace Analytical Services, LLC | Common stock | N/A | N/A | N/A | 3 | 302 | — | 296 | |||||||||||||||
Electronics | |||||||||||||||||||||||
Diligent Corporation | Preferred stock | N/A | N/A | N/A | 359 | 4 | 0.1 | 1,438 | |||||||||||||||
Episerver, Inc. | Common stock | N/A | N/A | N/A | 40 | 404 | 0.1 | 404 | |||||||||||||||
SEI, Inc. | LLC units | N/A | N/A | N/A | 207 | 161 | 0.1 | 378 | |||||||||||||||
Sloan Company, Inc., The | LLC units | N/A | N/A | N/A | — | 74 | — | — | |||||||||||||||
Sloan Company, Inc., The | LLC units | N/A | N/A | N/A | 1 | 7 | — | — | |||||||||||||||
650 | 0.3 | 2,220 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Healthcare, Education and Childcare | |||||||||||||||||||||||
Active Day, Inc. | LLC interest | N/A | N/A | N/A | 1 | $ | 529 | — | % | $ | 317 | ||||||||||||
Acuity Eyecare Holdings, LLC | LLC interest | N/A | N/A | N/A | 796 | 852 | 0.1 | 915 | |||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | Preferred stock | N/A | N/A | N/A | 1 | 596 | 0.1 | 432 | |||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | Common stock | N/A | N/A | N/A | — | 6 | — | — | |||||||||||||||
BIO18 Borrower, LLC | LLC interest | N/A | N/A | N/A | 105 | 548 | 0.1 | 548 | |||||||||||||||
BIOVT, LLC | LLC units | N/A | N/A | N/A | — | 360 | 0.1 | 631 | |||||||||||||||
CRH Healthcare Purchaser, Inc. | LP interest | N/A | N/A | N/A | 228 | 228 | — | 228 | |||||||||||||||
DCA Investment Holding, LLC | LLC units | N/A | N/A | N/A | 5,253 | 525 | 0.1 | 681 | |||||||||||||||
DCA Investment Holding, LLC | LLC units | N/A | N/A | N/A | 53 | 5 | — | 12 | |||||||||||||||
Deca Dental Management LLC | LLC units | N/A | N/A | N/A | 651 | 651 | 0.1 | 674 | |||||||||||||||
Dental Holdings Corporation | LLC units | N/A | N/A | N/A | 394 | 370 | — | 239 | |||||||||||||||
Elite Dental Partners LLC | Common stock | N/A | N/A | N/A | — | 426 | 0.1 | 474 | |||||||||||||||
Encore GC Acquisition, LLC | LLC units | N/A | N/A | N/A | 8 | 81 | — | 109 | |||||||||||||||
Encore GC Acquisition, LLC | LLC units | N/A | N/A | N/A | 8 | — | — | 16 | |||||||||||||||
ERG Buyer, LLC | LLC units | N/A | N/A | N/A | — | 418 | — | 213 | |||||||||||||||
ERG Buyer, LLC | LLC units | N/A | N/A | N/A | 4 | 4 | — | — | |||||||||||||||
Eyecare Services Partners Holdings LLC | LLC units | N/A | N/A | N/A | — | 304 | — | 198 | |||||||||||||||
Eyecare Services Partners Holdings LLC | LLC units | N/A | N/A | N/A | — | 3 | — | — | |||||||||||||||
G & H Wire Company, Inc. | LLC interest | N/A | N/A | N/A | 187 | 188 | — | 138 | |||||||||||||||
Katena Holdings, Inc. | LLC units | N/A | N/A | N/A | — | 205 | — | 175 | |||||||||||||||
Lombart Brothers, Inc. | Common stock | N/A | N/A | N/A | 1 | 146 | — | 175 | |||||||||||||||
MD Now Holdings, Inc. | LLC units | N/A | N/A | N/A | 8 | 78 | — | 78 | |||||||||||||||
MWD Management, LLC & MWD Services, Inc. | LLC interest | N/A | N/A | N/A | 230 | 230 | — | 155 | |||||||||||||||
Oliver Street Dermatology Holdings, LLC | LLC units | N/A | N/A | N/A | 218 | 218 | — | 286 | |||||||||||||||
Pinnacle Treatment Centers, Inc. | Preferred stock | N/A | N/A | N/A | — | 226 | — | 267 | |||||||||||||||
Pinnacle Treatment Centers, Inc. | Common stock | N/A | N/A | N/A | 2 | 2 | — | 17 | |||||||||||||||
RXH Buyer Corporation | LP interest | N/A | N/A | N/A | 4 | 443 | — | 234 | |||||||||||||||
SLMP, LLC | LLC interest | N/A | N/A | N/A | 378 | 378 | — | 417 | |||||||||||||||
Summit Behavioral Healthcare, LLC | LLC interest | N/A | N/A | N/A | 1 | 86 | — | 60 | |||||||||||||||
Summit Behavioral Healthcare, LLC | LLC interest | N/A | N/A | N/A | 1 | — | — | — | |||||||||||||||
WHCG Management, LLC | LLC interest | N/A | N/A | N/A | — | 314 | — | 105 | |||||||||||||||
8,420 | 0.7 | 7,794 | |||||||||||||||||||||
Insurance | |||||||||||||||||||||||
Internet Pipeline, Inc. | Preferred stock | N/A | N/A | N/A | — | 153 | — | 209 | |||||||||||||||
Internet Pipeline, Inc. | Common stock | N/A | N/A | N/A | 93 | 2 | 0.1 | 367 | |||||||||||||||
Orchid Underwriters Agency, LLC | LP interest | N/A | N/A | N/A | 42 | 42 | — | 42 | |||||||||||||||
197 | 0.1 | 618 | |||||||||||||||||||||
Leisure, Amusement, Motion Pictures, Entertainment | |||||||||||||||||||||||
PADI Holdco, Inc. | LLC units | N/A | N/A | N/A | 1 | 539 | 0.1 | 602 | |||||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 36 | 56 | — | 56 | |||||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 25 | 38 | — | 38 | |||||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 20 | 31 | — | 31 | |||||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 18 | 27 | — | 27 | |||||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 8 | 12 | — | 12 | |||||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 1 | 1 | — | 1 | |||||||||||||||
704 | 0.1 | 767 | |||||||||||||||||||||
Mining, Steel, Iron and Non-Precious Metals | |||||||||||||||||||||||
Benetech, Inc. | LLC interest | N/A | N/A | N/A | 2 | — | — | — | |||||||||||||||
Benetech, Inc. | LLC interest | N/A | N/A | N/A | 2 | — | — | 1 | |||||||||||||||
— | — | 1 | |||||||||||||||||||||
Personal and Non Durable Consumer Products (Mfg. Only) | |||||||||||||||||||||||
Georgica Pine Clothiers, LLC(15) | LLC units | N/A | N/A | N/A | 9 | 91 | — | 114 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Personal, Food and Miscellaneous Services | |||||||||||||||||||||||
Captain D's, LLC | LLC interest | N/A | N/A | N/A | 88 | $ | 88 | — | % | $ | 70 | ||||||||||||
Clarkson Eyecare LLC | LLC units | N/A | N/A | N/A | — | 86 | — | 182 | |||||||||||||||
Community Veterinary Partners, LLC | Common stock | N/A | N/A | N/A | 2 | 210 | 0.1 | 290 | |||||||||||||||
PPV Intermediate Holdings II, LLC | LLC interest | N/A | N/A | N/A | 160 | 160 | — | 180 | |||||||||||||||
Ruby Slipper Cafe LLC, The | LLC units | N/A | N/A | N/A | 19 | 186 | — | 222 | |||||||||||||||
Southern Veterinary Partners, LLC | LLC units | N/A | N/A | N/A | — | 282 | 0.1 | 446 | |||||||||||||||
Southern Veterinary Partners, LLC | LLC units | N/A | N/A | N/A | 83 | 3 | — | 56 | |||||||||||||||
Veterinary Specialists of North America, LLC | LLC units | N/A | N/A | N/A | — | 56 | — | 112 | |||||||||||||||
Wetzel's Pretzels, LLC | Common stock | N/A | N/A | N/A | — | 149 | — | 202 | |||||||||||||||
1,220 | 0.2 | 1,760 | |||||||||||||||||||||
Printing and Publishing | |||||||||||||||||||||||
Brandmuscle, Inc. | LLC interest | N/A | N/A | N/A | — | 207 | — | 139 | |||||||||||||||
Retail Stores | |||||||||||||||||||||||
Batteries Plus Holding Corporation | LP interest | N/A | N/A | N/A | 5 | 505 | 0.1 | 802 | |||||||||||||||
Cycle Gear, Inc. | LLC units | N/A | N/A | N/A | 8 | 111 | — | 212 | |||||||||||||||
Elite Sportswear, L.P. | LLC interest | N/A | N/A | N/A | — | 73 | — | 10 | |||||||||||||||
Feeders Supply Company, LLC | Preferred stock | N/A | N/A | N/A | 2 | 179 | — | 229 | |||||||||||||||
Feeders Supply Company, LLC | Common stock | N/A | N/A | N/A | — | — | — | 32 | |||||||||||||||
Jet Equipment & Tools Ltd.(8)(9)(12) | LLC units | N/A | N/A | N/A | 1 | 384 | 0.1 | 485 | |||||||||||||||
Pet Holdings ULC(8)(12) | LP interest | N/A | N/A | N/A | 222 | 188 | — | 225 | |||||||||||||||
Pet Supplies Plus, LLC | LLC units | N/A | N/A | N/A | 77 | 77 | — | 77 | |||||||||||||||
Sola Franchise, LLC and Sola Salon Studios, LLC | LLC units | N/A | N/A | N/A | 2 | 206 | — | 206 | |||||||||||||||
Sola Franchise, LLC and Sola Salon Studios, LLC | LLC units | N/A | N/A | N/A | — | 41 | — | 41 | |||||||||||||||
1,764 | 0.2 | 2,319 | |||||||||||||||||||||
Total non-controlled/non-affiliate company equity investments | $ | 27,676 | 3.2 | % | $ | 33,153 | |||||||||||||||||
Total non-controlled/non-affiliate company investments | $ | 1,798,116 | $ | 1,805,567 | 171.7 | % | $ | 1,813,454 | |||||||||||||||
Non-controlled affiliate company investments(16) | |||||||||||||||||||||||
Debt investments | |||||||||||||||||||||||
Diversified/Conglomerate Service | |||||||||||||||||||||||
Switchfly LLC(8) | One stop | L + 3.00% | (c) | 5.40% | 10/2023 | $ | 3,067 | $ | 3,010 | 0.3 | % | $ | 2,761 | ||||||||||
Switchfly LLC(8) | One stop | L + 3.00% | (c) | 5.40% | 10/2023 | 256 | 251 | — | 230 | ||||||||||||||
Switchfly LLC(8) | One stop | L + 3.00% | (c) | 5.40% | 10/2023 | 17 | 17 | — | 15 | ||||||||||||||
Switchfly LLC(8) | One stop | L + 8.50% | N/A(6) | 10/2023 | — | — | — | — | |||||||||||||||
3,340 | 3,278 | 0.3 | 3,006 | ||||||||||||||||||||
Total non-controlled affiliate company debt investments | $ | 3,340 | $ | 3,278 | 0.3 | $ | 3,006 | ||||||||||||||||
Equity investments(13)(14) | |||||||||||||||||||||||
Diversified/Conglomerate Service | |||||||||||||||||||||||
Switchfly LLC(8) | LLC units | N/A | N/A | N/A | 1,734 | $ | 867 | 0.1 | % | $ | 1,124 | ||||||||||||
Total non-controlled affiliate company equity investments | $ | 867 | 0.1 | $ | 1,124 | ||||||||||||||||||
Total non-controlled affiliate company investments | $ | 3,340 | $ | 4,145 | 0.4 | $ | 4,130 | ||||||||||||||||
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Controlled affiliate company investments(17) | |||||||||||||||||||||||
Equity investments (13)(14) | |||||||||||||||||||||||
Investment Funds and Vehicles | |||||||||||||||||||||||
GCIC Senior Loan Fund LLC(8)(18) | LLC interest | N/A | N/A | N/A | 48,356 | $ | 48,356 | 4.7 | % | $ | 50,069 | ||||||||||||
Total controlled affiliate company equity investments | $ | 48,356 | 4.7 | % | $ | 50,069 | |||||||||||||||||
Total controlled affiliate company investments | $ | 48,356 | 4.7 | % | $ | 50,069 | |||||||||||||||||
Total investments | $ | 1,801,456 | $ | 1,858,068 | 176.7 | % | $ | 1,867,653 | |||||||||||||||
Cash, cash equivalents, foreign currencies and restricted cash and cash equivalents | |||||||||||||||||||||||
Cash, foreign currencies and restricted cash | $ | 82,132 | 7.8 | % | $ | 82,132 | |||||||||||||||||
Total cash, cash equivalents, foreign currencies and restricted cash and cash equivalents | $ | 82,132 | 7.8 | % | $ | 82,132 | |||||||||||||||||
Total investments and cash, cash equivalents, foreign currencies and restricted cash and cash equivalents | $ | 1,940,200 | 184.5 | % | $ | 1,949,785 |
# | Denotes that all or a portion of the investment collateralizes the Credit Facility (as defined in Note 7). |
* | Denotes that all or a portion of the investment secures the notes offered in the |
(1) | The majority of the investments bear interest at a rate that may be determined by reference to London Interbank Offered Rate (‘‘LIBOR’’ or ‘‘L’’), Euro Interbank Offered Rate ("EURIBOR" or "E") or Prime (‘‘P’’) and which reset daily, monthly, quarterly, semiannually or annually. For each, the Company has provided the spread over LIBOR, EURIBOR or Prime and the weighted average current interest rate in effect as of |
(2) | For portfolio companies with multiple interest rate contracts, the interest rate shown is a weighted average current interest rate in effect as of December 31, 2018. |
(3) | The total principal amount is presented for debt investments while the number of shares or units owned is presented for equity investments. |
(4) | The fair value of the investment was valued using significant unobservable inputs. See Note 6. Fair Value Measurements. |
(5) | The negative fair value is the result of the capitalized discount on the loan or the unfunded commitment being valued below par. The negative amortized cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. |
(6) | The entire commitment was unfunded as of December 31, 2018. As such, no interest is being earned on this investment. The investment may be subject to an unused facility fee. |
(7) | Loan was on non-accrual status as of December 31, 2018, meaning that the Company has ceased recognizing interest income on the loan. |
(8) | The investment is treated as a non-qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the ‘‘1940 Act’’). Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2018, total non-qualifying assets at fair value represented 6.5% of the Company’s assets calculated in accordance with the 1940 Act. |
(9) | Loan is denominated in foreign currency and is translated into U.S. dollars as of the valuation date or the date of the transaction. See Note 2. Significant Accounting Policies and Recent Accounting Updates - Foreign Currency Transactions. |
(10) | The headquarters of this portfolio company is located in United Kingdom. |
(11) | The sale of a portion of this loan does not qualify for sale accounting under ASC Topic 860 - Transfers and Servicing ("ASC Topic 860"), and therefore, the entire one stop loan asset remains in the Consolidated Schedule of Investments. See Note 7. Borrowings. |
(12) | The headquarters of this portfolio company is located in Canada. |
(13) | Equity investments are non-income producing securities unless otherwise noted. |
(14) | Ownership of certain equity investments may occur through a holding company or partnership. |
(15) | The Company holds an equity investment that entitles it to receive preferential dividends. |
(16) | As defined in the 1940 Act, the Company is deemed to be an "affiliated person" of the portfolio company as the Company owns five percent or more of the portfolio company's voting securities ("non-controlled affiliate"). Transactions related to investments in non-controlled affiliates for the three months ended December 31, 2018 were as follows: |
Portfolio Company | Fair value as of September 30, 2018 | Purchases (cost) | Redemptions (cost) | Discount accretion | Net change in unrealized gain/(loss) | Fair value as of December 31, 2018 | Net realized gain/(loss) | Interest and fee income | Dividend income | |||||||||||||||||||||||||||
Switchfly LLC (k) | $ | 3,716 | $ | 325 | $ | — | $ | (19 | ) | $ | 108 | $ | 4,130 | $ | — | $ | 29 | $ | — | |||||||||||||||||
Total Non -Controlled Affiliates | $ | 3,716 | $ | 325 | $ | — | $ | (19 | ) | $ | 108 | $ | 4,130 | $ | — | $ | 29 | $ | — |
Portfolio Company | Fair value as of September 30, 2018 | Purchases (cost) | Redemptions (cost) | Discount accretion | Net change in unrealized gain/(loss) | Fair value as of December 31, 2018 | Net realized gain/(loss) | Interest and fee income | Dividend income | |||||||||||||||||||||||||||
GCIC Senior Loan Fund LLC (l) | $ | 49,939 | $ | — | $ | — | $ | — | $ | 130 | $ | 50,069 | $ | — | $ | — | $ | 1,036 | ||||||||||||||||||
Total Controlled Affiliates | $ | 49,939 | $ | — | $ | — | $ | — | $ | 130 | $ | 50,069 | $ | — | $ | — | $ | 1,036 |
(18) | The Company receives quarterly profit distributions from its equity investment in GCIC Senior Loan Fund LLC. See Note 5. Investments. |
(19) | The rate shown is the annualized seven-day yield as of December 31, 2018. |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Investments | |||||||||||||||||||||||
Non-controlled/non-affiliate company investments | |||||||||||||||||||||||
Debt investments | |||||||||||||||||||||||
Aerospace and Defense | |||||||||||||||||||||||
ILC Dover, LP* | Senior loan | L + 4.75% | (c) | 7.14% | 12/2023 | $ | 1,327 | $ | 1,315 | 0.1 | % | $ | 1,327 | ||||||||||
NTS Technical Systems^ | One stop | L + 6.25% | (a) | 8.36% | 06/2021 | 3,242 | 3,209 | 0.4 | 3,242 | ||||||||||||||
NTS Technical Systems(5) | One stop | L + 6.25% | N/A(6) | 06/2021 | — | (8 | ) | — | — | ||||||||||||||
Tresys Technology Holdings, Inc.(7) | One stop | L + 6.75% | (a) | 8.99% | 12/2018 | 53 | 28 | — | 11 | ||||||||||||||
Tresys Technology Holdings, Inc.(7) | One stop | L + 6.75% | (a) | 8.99% | 12/2018 | 9 | 9 | — | 9 | ||||||||||||||
Tronair Parent, Inc.* | Senior loan | L + 4.75% | (c) | 7.56% | 09/2023 | 366 | 363 | — | 366 | ||||||||||||||
Tronair Parent, Inc. | Senior loan | L + 4.50% | (a)(b)(c)(f) | 7.03% | 09/2021 | 80 | 79 | — | 80 | ||||||||||||||
Whitcraft LLC*^ | One stop | L + 6.25% | (c) | 8.64% | 04/2023 | 16,144 | 15,961 | 1.7 | 16,144 | ||||||||||||||
Whitcraft LLC^ | One stop | L + 6.25% | (c) | 8.64% | 04/2023 | 4,145 | 4,114 | 0.4 | 4,145 | ||||||||||||||
Whitcraft LLC(5) | One stop | L + 6.25% | N/A(6) | 04/2023 | — | (1 | ) | — | — | ||||||||||||||
Whitcraft LLC(5) | One stop | L + 6.25% | N/A(6) | 04/2023 | — | (53 | ) | — | — | ||||||||||||||
25,366 | 25,016 | 2.6 | 25,324 | ||||||||||||||||||||
Automobile | |||||||||||||||||||||||
Dent Wizard International Corporation^ | Senior loan | L + 4.00% | (a) | 6.23% | 04/2020 | 2,161 | 2,154 | 0.2 | 2,161 | ||||||||||||||
Grease Monkey International, LLC^ | Senior loan | L + 5.00% | (a) | 7.24% | 11/2022 | 3,051 | 3,020 | 0.3 | 3,016 | ||||||||||||||
Grease Monkey International, LLC^ | Senior loan | L + 5.00% | (a) | 7.24% | 11/2022 | 1,152 | 1,147 | 0.1 | 1,139 | ||||||||||||||
Grease Monkey International, LLC | Senior loan | L + 5.00% | (a) | 7.24% | 11/2022 | 410 | 383 | 0.1 | 385 | ||||||||||||||
Grease Monkey International, LLC | Senior loan | L + 5.00% | (a) | 7.24% | 11/2022 | 21 | 20 | — | 20 | ||||||||||||||
Grease Monkey International, LLC(5) | Senior loan | L + 5.00% | N/A(6) | 11/2022 | — | (21 | ) | — | (22 | ) | |||||||||||||
Polk Acquisition Corp.^ | Senior loan | L + 5.00% | (a) | 7.24% | 06/2022 | 4,755 | 4,740 | 0.5 | 4,755 | ||||||||||||||
Quick Quack Car Wash Holdings, LLC* | One stop | L + 6.50% | (a) | 8.74% | 04/2023 | 4,600 | 4,548 | 0.5 | 4,600 | ||||||||||||||
Quick Quack Car Wash Holdings, LLC | One stop | L + 6.50% | (a) | 8.67% | 04/2023 | 1,954 | 1,936 | 0.2 | 1,954 | ||||||||||||||
Quick Quack Car Wash Holdings, LLC | One stop | L + 6.50% | (a) | 8.70% | 04/2023 | 40 | 39 | — | 40 | ||||||||||||||
Quick Quack Car Wash Holdings, LLC(5) | One stop | L + 6.50% | N/A(6) | 04/2023 | — | (56 | ) | — | — | ||||||||||||||
18,144 | 17,910 | 1.9 | 18,048 | ||||||||||||||||||||
Beverage, Food and Tobacco | |||||||||||||||||||||||
Abita Brewing Co., L.L.C.* | One stop | L + 5.75% | (a) | 7.99% | 04/2021 | 3,377 | 3,357 | 0.4 | 3,377 | ||||||||||||||
Abita Brewing Co., L.L.C. | One stop | L + 5.75% | N/A(6) | 04/2021 | — | — | — | — | |||||||||||||||
C. J. Foods, Inc.*^ | One stop | L + 6.25% | (c) | 8.64% | 05/2020 | 20,893 | 20,778 | 2.2 | 20,893 | ||||||||||||||
C. J. Foods, Inc. | One stop | L + 6.25% | (c) | 8.64% | 05/2020 | 1,580 | 1,579 | 0.2 | 1,580 | ||||||||||||||
C. J. Foods, Inc. | One stop | L + 6.25% | (c) | 8.58% | 05/2020 | 1,259 | 1,258 | 0.1 | 1,259 | ||||||||||||||
Cafe Rio Holding, Inc.*^ | One stop | L + 5.75% | (a) | 7.99% | 09/2023 | 8,623 | 8,499 | 0.9 | 8,623 | ||||||||||||||
Cafe Rio Holding, Inc.^ | One stop | L + 5.75% | (a) | 7.99% | 09/2023 | 1,377 | 1,365 | 0.2 | 1,377 | ||||||||||||||
Cafe Rio Holding, Inc. | One stop | L + 5.75% | (a) | 7.99% | 09/2023 | 691 | 631 | 0.1 | 691 | ||||||||||||||
Cafe Rio Holding, Inc. | One stop | P + 4.75% | (f) | 10.00% | 09/2023 | 10 | 8 | — | 10 | ||||||||||||||
Fintech Midco, LLC* | One stop | L + 6.00% | (a) | 8.25% | 08/2024 | 11,915 | 11,799 | 1.3 | 11,796 | ||||||||||||||
Fintech Midco, LLC(5) | One stop | L + 6.00% | N/A(6) | 08/2024 | — | (1 | ) | — | (1 | ) | |||||||||||||
Fintech Midco, LLC(5) | One stop | L + 6.00% | N/A(6) | 08/2024 | — | (33 | ) | — | (33 | ) | |||||||||||||
Firebirds International, LLC^ | One stop | L + 5.75% | (a) | 7.89% | 12/2018 | 3,252 | 3,251 | 0.4 | 3,252 | ||||||||||||||
Firebirds International, LLC^ | One stop | L + 5.75% | (a) | 7.89% | 12/2018 | 916 | 916 | 0.1 | 916 | ||||||||||||||
Firebirds International, LLC^ | One stop | L + 5.75% | (a) | 7.89% | 12/2018 | 294 | 294 | — | 294 | ||||||||||||||
Firebirds International, LLC | One stop | L + 5.75% | (c) | 7.99% | 12/2018 | 129 | 128 | — | 129 | ||||||||||||||
Firebirds International, LLC(5) | One stop | L + 5.75% | N/A(6) | 12/2018 | — | (1 | ) | — | — | ||||||||||||||
Flavor Producers, LLC* | Senior loan | L + 4.75% | (c) | 7.13% | 12/2023 | 2,723 | 2,688 | 0.3 | 2,723 | ||||||||||||||
Flavor Producers, LLC(5) | Senior loan | L + 4.75% | N/A(6) | 12/2022 | — | (1 | ) | — | — | ||||||||||||||
FWR Holding Corporation^ | One stop | L + 5.75% | (a) | 7.99% | 08/2023 | 4,038 | 3,989 | 0.4 | 4,038 | ||||||||||||||
FWR Holding Corporation | One stop | L + 5.75% | (a) | 7.99% | 08/2023 | 1,110 | 1,101 | 0.1 | 1,110 | ||||||||||||||
FWR Holding Corporation | One stop | L + 5.75% | (a)(f) | 8.80% | 08/2023 | 42 | 41 | — | 42 | ||||||||||||||
FWR Holding Corporation(5) | One stop | L + 5.75% | N/A(6) | 08/2023 | — | (26 | ) | — | — | ||||||||||||||
Global Franchise Group, LLC^ | Senior loan | L + 5.75% | (a) | 7.99% | 12/2019 | 4,080 | 4,058 | 0.4 | 4,080 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Beverage, Food and Tobacco - (continued) | |||||||||||||||||||||||
Global Franchise Group, LLC | Senior loan | L + 5.75% | N/A(6) | 12/2019 | $ | — | $ | — | — | % | $ | — | |||||||||||
Global ID Corporation* | One stop | L + 6.50% | (c) | 8.84% | 11/2021 | 5,102 | 5,062 | 0.5 | 5,102 | ||||||||||||||
Global ID Corporation^ | One stop | L + 6.50% | (c) | 8.84% | 11/2021 | 758 | 752 | 0.1 | 758 | ||||||||||||||
Global ID Corporation | One stop | L + 6.50% | N/A(6) | 11/2021 | — | — | — | — | |||||||||||||||
Global ID Corporation(5) | One stop | L + 6.50% | N/A(6) | 11/2021 | — | (10 | ) | — | — | ||||||||||||||
Hopdoddy Holdings, LLC | One stop | L + 9.50% | (c) | 10.31% cash/1.50% PIK | 08/2020 | 843 | 841 | 0.1 | 843 | ||||||||||||||
Hopdoddy Holdings, LLC | One stop | L + 9.50% | (c) | 10.34% cash/1.50% PIK | 08/2020 | 454 | 447 | 0.1 | 454 | ||||||||||||||
Hopdoddy Holdings, LLC | One stop | L + 9.50% | (c) | 10.32% cash/1.50% PIK | 08/2020 | 3 | 2 | — | 3 | ||||||||||||||
Mendocino Farms, LLC(5) | One stop | L + 8.50% | N/A(6) | 06/2023 | — | (23 | ) | — | — | ||||||||||||||
Mid-America Pet Food, L.L.C.*^ | One stop | L + 6.00% | (c) | 8.39% | 12/2021 | 12,185 | 12,085 | 1.3 | 12,185 | ||||||||||||||
Mid-America Pet Food, L.L.C.(5) | One stop | L + 6.00% | N/A(6) | 12/2021 | — | (1 | ) | — | — | ||||||||||||||
NBC Intermediate, LLC * | Senior loan | L + 4.25% | (a) | 6.50% | 09/2023 | 1,387 | 1,373 | 0.1 | 1,373 | ||||||||||||||
Purfoods, LLC*^ | One stop | L + 6.00% | (c) | 8.31% | 05/2021 | 7,797 | 7,735 | 0.8 | 7,797 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2021 | 352 | 349 | — | 352 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2021 | 268 | 266 | — | 268 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2021 | 268 | 266 | — | 268 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.33% | 05/2021 | 268 | 266 | — | 268 | ||||||||||||||
Purfoods, LLC | One stop | N/A | 7.00% PIK | 05/2026 | 108 | 108 | — | 108 | |||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (a) | 8.15% | 05/2021 | 65 | 64 | — | 65 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2021 | 24 | 23 | — | 24 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2021 | 15 | 15 | — | 15 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2021 | 15 | 15 | — | 15 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2021 | 14 | 14 | — | 14 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2021 | 11 | 11 | — | 11 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2021 | 11 | 11 | — | 11 | ||||||||||||||
Purfoods, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2021 | 10 | 10 | — | 10 | ||||||||||||||
Purfoods, LLC(5) | One stop | L + 6.00% | N/A(6) | 05/2021 | — | (5 | ) | — | — | ||||||||||||||
Rubio's Restaurants, Inc.^ | Senior loan | L + 5.25% | (c) | 7.64% | 10/2019 | 295 | 282 | — | 295 | ||||||||||||||
Uinta Brewing Company*(7) | One stop | L + 8.50% | (a) | 10.74% | 08/2019 | 898 | 898 | 0.1 | 592 | ||||||||||||||
Uinta Brewing Company(7) | One stop | L + 8.50% | (a) | 10.74% | 08/2019 | 167 | 166 | — | 107 | ||||||||||||||
97,627 | 96,700 | 10.2 | 97,094 | ||||||||||||||||||||
Broadcasting and Entertainment | |||||||||||||||||||||||
TouchTunes Interactive Networks, Inc.^ | Senior loan | L + 4.75% | (a) | 6.99% | 05/2021 | 683 | 682 | 0.1 | 683 | ||||||||||||||
Buildings and Real Estate | |||||||||||||||||||||||
Brooks Equipment Company, LLC^ | One stop | L + 5.00% | (c) | 7.31% | 08/2020 | 5,634 | 5,634 | 0.6 | 5,634 | ||||||||||||||
Brooks Equipment Company, LLC^ | One stop | L + 5.00% | (b)(c) | 7.28% | 08/2020 | 704 | 701 | 0.1 | 704 | ||||||||||||||
Brooks Equipment Company, LLC | One stop | L + 5.00% | N/A(6) | 08/2020 | — | — | — | — | |||||||||||||||
Jensen Hughes, Inc.* | Senior loan | L + 4.50% | (a) | 6.71% | 03/2024 | 430 | 428 | 0.1 | 430 | ||||||||||||||
Jensen Hughes, Inc. | Senior loan | L + 4.50% | (a) | 6.65% | 03/2024 | 373 | 371 | 0.1 | 373 | ||||||||||||||
Jensen Hughes, Inc.* | Senior loan | L + 4.50% | (a) | 6.74% | 03/2024 | 132 | 130 | — | 132 | ||||||||||||||
MRI Software LLC*^ | One stop | L + 5.50% | (c) | 7.89% | 06/2023 | 18,641 | 18,359 | 2.0 | 18,641 | ||||||||||||||
MRI Software LLC* | One stop | L + 5.50% | (c) | 7.89% | 06/2023 | 17,261 | 17,098 | 1.9 | 17,261 | ||||||||||||||
MRI Software LLC^ | One stop | L + 5.50% | (a) | 7.65% | 06/2023 | 3,099 | 3,083 | 0.3 | 3,099 | ||||||||||||||
MRI Software LLC* | One stop | L + 5.50% | (c) | 7.89% | 06/2023 | 345 | 342 | — | 345 | ||||||||||||||
MRI Software LLC | One stop | L + 5.50% | (a) | 7.67% | 06/2023 | 35 | 32 | — | 35 | ||||||||||||||
MRI Software LLC(5) | One stop | L + 5.50% | N/A(6) | 06/2023 | — | (135 | ) | — | — | ||||||||||||||
Paradigm DKD Group, LLC* | Senior loan | L + 6.25% | (a) | 8.49% | 05/2020 | 2,115 | 2,114 | 0.2 | 1,481 | ||||||||||||||
Paradigm DKD Group, LLC | Senior loan | L + 6.25% | (a) | 8.49% | 05/2020 | 759 | 754 | 0.1 | 566 | ||||||||||||||
49,528 | 48,911 | 5.4 | 48,701 | ||||||||||||||||||||
Chemicals, Plastics and Rubber | |||||||||||||||||||||||
Flexan, LLC^ | One stop | L + 5.75% | (c) | 8.14% | 02/2020 | 1,031 | 1,024 | 0.1 | 1,031 | ||||||||||||||
Flexan, LLC*^ | One stop | L + 5.75% | (c) | 8.14% | 02/2020 | 486 | 484 | 0.1 | 486 | ||||||||||||||
Flexan, LLC | One stop | P + 4.50% | (f) | 9.75% | 02/2020 | 11 | 11 | — | 11 | ||||||||||||||
Inhance Technologies Holdings LLC* | One stop | L + 5.25% | (b) | 7.43% | 07/2024 | 6,048 | 5,976 | 0.6 | 5,988 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Chemicals, Plastics and Rubber - (continued) | |||||||||||||||||||||||
Inhance Technologies Holdings LLC(5) | One stop | L + 5.25% | N/A(6) | 07/2024 | $ | — | $ | (1 | ) | — | % | $ | (1 | ) | |||||||||
Inhance Technologies Holdings LLC(5) | One stop | L + 5.25% | N/A(6) | 07/2024 | — | (19 | ) | — | (20 | ) | |||||||||||||
7,576 | 7,475 | 0.8 | 7,495 | ||||||||||||||||||||
Diversified/Conglomerate Manufacturing | |||||||||||||||||||||||
Chase Industries, Inc.* | Senior loan | L + 4.00% | (c) | 6.34% | 05/2025 | 5,404 | 5,314 | 0.6 | 5,404 | ||||||||||||||
Chase Industries, Inc. | Senior loan | L + 4.00% | (c) | 6.38% | 05/2025 | 165 | 114 | — | 165 | ||||||||||||||
Chase Industries, Inc. | Senior loan | L + 4.00% | (c) | 6.34% | 05/2023 | 16 | 14 | — | 16 | ||||||||||||||
Inventus Power, Inc.* | One stop | L + 6.50% | (a) | 8.74% | 04/2020 | 9,081 | 9,047 | 0.9 | 8,173 | ||||||||||||||
Inventus Power, Inc. | One stop | L + 6.50% | (a)(c) | 8.78% | 04/2020 | 338 | 336 | — | 294 | ||||||||||||||
Onicon Incorporated*^ | One stop | L + 5.50% | (a)(c) | 7.88% | 04/2022 | 245 | 244 | — | 245 | ||||||||||||||
Onicon Incorporated | One stop | L + 5.50% | N/A(6) | 04/2022 | — | — | — | — | |||||||||||||||
Pasternack Enterprises, Inc. and Fairview Microwave, Inc* | Senior loan | L + 4.00% | (a)(f) | 6.24% | 07/2025 | 5,258 | 5,233 | 0.6 | 5,232 | ||||||||||||||
Pasternack Enterprises, Inc. and Fairview Microwave, Inc | Senior loan | L + 4.00% | N/A(6) | 07/2023 | — | — | — | — | |||||||||||||||
PetroChoice Holdings, Inc.^ | Senior loan | L + 5.00% | (b) | 7.20% | 08/2022 | 1,612 | 1,581 | 0.2 | 1,612 | ||||||||||||||
Reladyne, Inc.*^ | Senior loan | L + 5.00% | (c) | 7.34% | 07/2022 | 10,697 | 10,609 | 1.1 | 10,697 | ||||||||||||||
Reladyne, Inc. | Senior loan | L + 5.00% | (c) | 7.34% | 07/2022 | 1,122 | 1,110 | 0.1 | 1,122 | ||||||||||||||
Reladyne, Inc. | Senior loan | L + 5.00% | (c) | 7.34% | 07/2022 | 973 | 965 | 0.1 | 973 | ||||||||||||||
Reladyne, Inc.(5) | Senior loan | L + 5.00% | N/A(6) | 07/2022 | — | (19 | ) | — | — | ||||||||||||||
Source Refrigeration & HVAC, Inc.* | Senior loan | L + 4.75% | (c) | 7.14% | 04/2023 | 7,237 | 7,161 | 0.8 | 7,237 | ||||||||||||||
Source Refrigeration & HVAC, Inc.^ | Senior loan | L + 4.75% | (c) | 7.10% | 04/2023 | 1,438 | 1,425 | 0.2 | 1,438 | ||||||||||||||
Source Refrigeration & HVAC, Inc. | Senior loan | L + 4.75% | (c) | 7.09% | 04/2023 | 738 | 732 | 0.1 | 738 | ||||||||||||||
Source Refrigeration & HVAC, Inc. | Senior loan | P + 3.75% | (f) | 9.00% | 04/2023 | 89 | 86 | — | 89 | ||||||||||||||
Source Refrigeration & HVAC, Inc.(5) | Senior loan | L + 4.75% | N/A(6) | 04/2023 | — | (28 | ) | — | — | ||||||||||||||
Sunless Merger Sub, Inc.* | Senior loan | L + 5.00% | (a)(f) | 7.28% | 07/2019 | 274 | 261 | — | 274 | ||||||||||||||
Sunless Merger Sub, Inc. | Senior loan | P + 3.75% | (f) | 8.75% | 07/2019 | 56 | 55 | — | 56 | ||||||||||||||
Togetherwork Holdings, LLC* | One stop | L + 6.50% | (a) | 8.74% | 03/2025 | 6,725 | 6,632 | 0.7 | 6,658 | ||||||||||||||
Togetherwork Holdings, LLC | One stop | L + 6.50% | (a) | 8.74% | 03/2025 | 1,625 | 1,610 | 0.2 | 1,609 | ||||||||||||||
Togetherwork Holdings, LLC | One stop | L + 6.50% | (a) | 8.74% | 03/2025 | 1,513 | 1,499 | 0.2 | 1,498 | ||||||||||||||
Togetherwork Holdings, LLC* | One stop | L + 6.50% | (a) | 8.74% | 03/2025 | 680 | 670 | 0.1 | 673 | ||||||||||||||
Togetherwork Holdings, LLC(5) | One stop | L + 6.50% | N/A(6) | 03/2024 | — | (1 | ) | — | (1 | ) | |||||||||||||
Togetherwork Holdings, LLC(5) | One stop | L + 6.50% | N/A(6) | 03/2025 | — | (30 | ) | — | (20 | ) | |||||||||||||
Togetherwork Holdings, LLC(5) | One stop | L + 6.50% | N/A(6) | 03/2025 | — | (39 | ) | — | (18 | ) | |||||||||||||
55,286 | 54,581 | 5.9 | 54,164 | ||||||||||||||||||||
Diversified/Conglomerate Service | |||||||||||||||||||||||
Accela, Inc.* | One stop | L + 6.00% | (c) | 8.39% | 09/2023 | 6,665 | 6,579 | 0.7 | 6,665 | ||||||||||||||
Accela, Inc.(5) | One stop | L + 6.00% | N/A(6) | 09/2023 | — | (1 | ) | — | — | ||||||||||||||
Agility Recovery Solutions Inc.^ | One stop | L + 6.50% | (a) | 8.74% | 03/2020 | 6,154 | 6,127 | 0.7 | 6,154 | ||||||||||||||
Agility Recovery Solutions Inc.(5) | One stop | L + 6.50% | N/A(6) | 03/2020 | — | (1 | ) | — | — | ||||||||||||||
Anaqua, Inc.*^ | One stop | L + 6.50% | (c) | 8.85% | 07/2022 | 8,850 | 8,748 | 1.0 | 8,850 | ||||||||||||||
Anaqua, Inc.(5) | One stop | L + 6.50% | N/A(6) | 07/2022 | — | (1 | ) | — | — | ||||||||||||||
Apttus Corporation | One stop | L + 7.85% | (e) | 10.06% | 01/2023 | 5,018 | 4,848 | 0.6 | 5,244 | ||||||||||||||
Bazaarvoice, Inc.* | One stop | L + 8.00% | (a) | 10.24% | 02/2024 | 10,895 | 10,701 | 1.2 | 10,895 | ||||||||||||||
Bazaarvoice, Inc. | One stop | P + 7.00% | (f) | 12.25% | 02/2024 | 30 | 28 | — | 30 | ||||||||||||||
Browz LLC | One stop | L + 9.50% | (b) | 10.17% cash/1.50% PIK | 03/2023 | 1,837 | 1,816 | 0.2 | 1,837 | ||||||||||||||
Browz LLC | One stop | L + 9.50% | N/A(6) | 03/2023 | — | — | — | — | |||||||||||||||
Centrify Corporation | One stop | L + 6.25% | (c) | 8.59% | 08/2024 | 12,637 | 12,452 | 1.3 | 12,511 | ||||||||||||||
Centrify Corporation(5) | One stop | L + 6.25% | N/A(6) | 08/2024 | — | (2 | ) | — | (2 | ) | |||||||||||||
Clearwater Analytics, LLC*^ | One stop | L + 5.00% | (a) | 7.24% | 09/2022 | 7,926 | 7,739 | 0.9 | 7,926 | ||||||||||||||
Clearwater Analytics, LLC(5) | One stop | L + 5.00% | N/A(6) | 09/2022 | — | (2 | ) | — | — | ||||||||||||||
Cloudbees, Inc. | One stop | L + 9.00% | (a) | 10.61% cash/0.50% PIK | 05/2023 | 2,274 | 2,218 | 0.2 | 2,240 | ||||||||||||||
Cloudbees, Inc. | One stop | L + 9.00% | N/A(6) | 05/2023 | — | — | — | — | |||||||||||||||
Confluence Technologies, Inc. | One stop | L + 7.50% | (a) | 9.65% | 03/2024 | 8,594 | 8,496 | 0.9 | 8,594 | ||||||||||||||
Confluence Technologies, Inc. | One stop | P + 6.50% | (a)(f) | 10.96% | 03/2024 | 16 | 15 | — | 16 | ||||||||||||||
Connexin Software, Inc. | One stop | L + 8.50% | (a) | 10.74% | 02/2024 | 2,920 | 2,881 | 0.3 | 2,920 | ||||||||||||||
Connexin Software, Inc. | One stop | L + 8.50% | N/A(6) | 02/2024 | — | — | — | — | |||||||||||||||
Datto, Inc. | One stop | L + 8.00% | (a) | 10.15% | 12/2022 | 14,093 | 13,857 | 1.5 | 14,093 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Diversified/Conglomerate Service - (continued) | |||||||||||||||||||||||
Datto, Inc.(5) | One stop | L + 8.00% | N/A(6) | 12/2022 | $ | — | $ | (1 | ) | — | % | $ | — | ||||||||||
Daxko Acquisition Corporation*^ | One stop | L + 5.25% | (b) | 7.54% | 09/2023 | 11,155 | 10,921 | 1.2 | 11,155 | ||||||||||||||
Daxko Acquisition Corporation(5) | One stop | L + 5.25% | N/A(6) | 09/2023 | — | (1 | ) | — | — | ||||||||||||||
Digital Guardian, Inc. | One stop | L + 9.00% | (c) | 10.33% cash/1.00% PIK | 06/2023 | 4,352 | 4,320 | 0.5 | 4,352 | ||||||||||||||
Digital Guardian, Inc. | Subordinated debt | N/A | 8.00% PIK | 01/2019 | 218 | 218 | — | 218 | |||||||||||||||
Digital Guardian, Inc.(5) | One stop | L + 6.00% | N/A(6) | 06/2023 | — | — | — | (2 | ) | ||||||||||||||
Digital Guardian, Inc.(5) | One stop | L + 9.00% | N/A(6) | 06/2023 | — | (2 | ) | — | — | ||||||||||||||
DISA Holdings Acquisition Subsidiary Corp.*^ | Senior loan | L + 4.00% | (a)(f) | 6.10% | 06/2022 | 2,055 | 2,039 | 0.2 | 2,055 | ||||||||||||||
DISA Holdings Acquisition Subsidiary Corp. | Senior loan | L + 4.00% | (a) | 6.10% | 06/2022 | 23 | 21 | — | 23 | ||||||||||||||
DISA Holdings Acquisition Subsidiary Corp.(5) | Senior loan | L + 4.00% | N/A(6) | 06/2022 | — | (3 | ) | — | — | ||||||||||||||
EGD Security Systems, LLC*^ | One stop | L + 6.25% | (c) | 8.58% | 06/2022 | 10,372 | 10,291 | 1.1 | 10,372 | ||||||||||||||
EGD Security Systems, LLC^ | One stop | L + 6.25% | (c) | 8.56% | 06/2022 | 98 | 97 | — | 98 | ||||||||||||||
EGD Security Systems, LLC | One stop | L + 6.25% | (c) | 8.58% | 06/2022 | 75 | 74 | — | 75 | ||||||||||||||
EGD Security Systems, LLC | One stop | L + 6.25% | (c) | 8.59% | 06/2022 | 52 | 51 | — | 52 | ||||||||||||||
GS Acquisitionco, Inc.* | One stop | L + 5.00% | (a) | 7.25% | 05/2024 | 13,466 | 13,333 | 1.4 | 13,331 | ||||||||||||||
GS Acquisitionco, Inc.* | One stop | L + 5.00% | (a) | 7.25% | 05/2024 | 12,139 | 12,025 | 1.3 | 12,018 | ||||||||||||||
GS Acquisitionco, Inc.(5) | One stop | L + 4.75% | N/A(6) | 05/2024 | — | (1 | ) | — | (1 | ) | |||||||||||||
GS Acquisitionco, Inc.(5) | One stop | L + 4.75% | N/A(6) | 05/2024 | — | (76 | ) | — | (78 | ) | |||||||||||||
HealthcareSource HR, Inc.*^ | One stop | L + 6.75% | (c) | 9.14% | 05/2020 | 11,059 | 10,987 | 1.2 | 11,059 | ||||||||||||||
HealthcareSource HR, Inc.(5) | One stop | L + 6.75% | N/A(6) | 05/2020 | — | (1 | ) | — | — | ||||||||||||||
Host Analytics, Inc. | One stop | N/A | 8.50% cash/2.25% PIK | 08/2021 | 1,412 | 1,401 | 0.2 | 1,412 | |||||||||||||||
Host Analytics, Inc. | One stop | N/A | 8.50% cash/2.25% PIK | 08/2021 | 1,184 | 1,140 | 0.1 | 1,184 | |||||||||||||||
Host Analytics, Inc. | One stop | N/A | 8.50% cash/2.25% PIK | 08/2021 | 330 | 327 | — | 330 | |||||||||||||||
Host Analytics, Inc.(5) | One stop | N/A | N/A(6) | 08/2021 | — | (3 | ) | — | — | ||||||||||||||
ICIMS, Inc. | One stop | L + 6.50% | (c) | 8.64% | 09/2024 | 6,183 | 6,061 | 0.7 | 6,059 | ||||||||||||||
ICIMS, Inc.(5) | One stop | L + 6.50% | N/A(6) | 09/2024 | — | (1 | ) | — | (1 | ) | |||||||||||||
III US Holdings, LLC | One stop | L + 6.50% | N/A(6) | 09/2022 | — | — | — | — | |||||||||||||||
Imprivata, Inc.*^ | Senior loan | L + 4.00% | (c) | 6.39% | 10/2023 | 16,528 | 16,354 | 1.8 | 16,528 | ||||||||||||||
Imprivata, Inc.(5) | Senior loan | L + 4.00% | N/A(6) | 10/2023 | — | (2 | ) | — | — | ||||||||||||||
Infogix, Inc.^ | One stop | L + 6.00% | (c) | 8.39% | 04/2024 | 3,995 | 3,977 | 0.4 | 3,995 | ||||||||||||||
Infogix, Inc. | One stop | P + 5.00% | (f) | 10.25% | 04/2024 | 9 | 9 | — | 9 | ||||||||||||||
Integral Ad Science, Inc. | One stop | L + 7.25% | (a) | 8.25% cash/1.25% PIK | 07/2024 | 5,739 | 5,629 | 0.6 | 5,624 | ||||||||||||||
Integral Ad Science, Inc.(5) | One stop | L + 6.00% | N/A(6) | 07/2023 | — | (1 | ) | — | (1 | ) | |||||||||||||
Integration Appliance, Inc. | One stop | L + 7.25% | (a) | 9.36% | 08/2023 | 27,263 | 27,017 | 2.9 | 26,990 | ||||||||||||||
Integration Appliance, Inc. | One stop | L + 7.25% | N/A(6) | 08/2023 | — | — | — | — | |||||||||||||||
JAMF Holdings, Inc. | One stop | L + 8.00% | (c) | 10.32% | 11/2022 | 5,765 | 5,670 | 0.6 | 5,765 | ||||||||||||||
JAMF Holdings, Inc.(5) | One stop | L + 8.00% | N/A(6) | 11/2022 | — | (1 | ) | — | — | ||||||||||||||
Jobvite, Inc. | One stop | L + 8.00% | (a) | 10.15% | 07/2023 | 1,414 | 1,352 | 0.1 | 1,358 | ||||||||||||||
Jobvite, Inc. | One stop | L + 8.00% | N/A(6) | 07/2023 | — | — | — | — | |||||||||||||||
Jobvite, Inc.(5) | One stop | L + 8.00% | N/A(6) | 07/2023 | — | (7 | ) | — | (7 | ) | |||||||||||||
Kareo, Inc. | One stop | L + 9.00% | (a) | 11.24% | 06/2022 | 5,755 | 5,560 | 0.6 | 5,755 | ||||||||||||||
Kareo, Inc. | One stop | L + 9.00% | (a) | 11.24% | 06/2022 | 421 | 417 | 0.1 | 421 | ||||||||||||||
Kareo, Inc. | One stop | L + 9.00% | N/A(6) | 06/2022 | — | — | — | — | |||||||||||||||
Maverick Bidco Inc.* | One stop | L + 6.25% | (c) | 8.64% | 04/2023 | 22,810 | 22,456 | 2.4 | 22,810 | ||||||||||||||
Maverick Bidco Inc. | One stop | L + 6.25% | (c) | 8.59% | 04/2023 | 3,081 | 3,081 | 0.3 | 3,081 | ||||||||||||||
Maverick Bidco Inc. | One stop | L + 6.25% | (c) | 8.60% | 04/2023 | 34 | 32 | — | 34 | ||||||||||||||
Maverick Bidco Inc.(5) | One stop | L + 6.25% | N/A(6) | 04/2023 | — | (67 | ) | — | — | ||||||||||||||
Ministry Brands, LLC* | Senior loan | L + 4.00% | (a) | 6.24% | 12/2022 | 609 | 606 | 0.1 | 609 | ||||||||||||||
Ministry Brands, LLC* | Senior loan | L + 4.00% | (a) | 6.24% | 12/2022 | 348 | 347 | — | 348 | ||||||||||||||
Ministry Brands, LLC | Senior loan | L + 4.00% | (a) | 6.24% | 12/2022 | 121 | 118 | — | 121 | ||||||||||||||
MMan Acquisition Co.* | One stop | L + 6.00% | (c) | 8.34% | 08/2023 | 12,388 | 12,237 | 1.3 | 12,140 | ||||||||||||||
MMan Acquisition Co. | One stop | L + 6.00% | (c) | 8.34% | 08/2023 | 100 | 99 | — | 98 | ||||||||||||||
Net Health Acquisition Corp.* | One stop | L + 5.50% | (a) | 7.74% | 12/2023 | 4,873 | 4,830 | 0.5 | 4,873 | ||||||||||||||
Net Health Acquisition Corp.* | One stop | L + 5.50% | (a) | 7.74% | 12/2023 | 680 | 675 | 0.1 | 680 | ||||||||||||||
Net Health Acquisition Corp.(5) | One stop | L + 5.50% | N/A(6) | 12/2023 | — | (1 | ) | — | — |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Diversified/Conglomerate Service - (continued) | |||||||||||||||||||||||
Netsmart Technologies, Inc.* | Senior loan | L + 3.75% | (a) | 5.99% | 06/2025 | $ | 1,616 | $ | 1,606 | 0.2 | % | $ | 1,628 | ||||||||||
Netsmart Technologies, Inc.(5) | Senior loan | L + 4.75% | N/A(6) | 04/2023 | — | (6 | ) | — | — | ||||||||||||||
Nextech Systems, LLC* | One stop | L + 6.00% | (a) | 8.24% | 03/2024 | 12,656 | 12,613 | 1.4 | 12,656 | ||||||||||||||
Nextech Systems, LLC | One stop | L + 6.00% | N/A(6) | 03/2024 | — | — | — | — | |||||||||||||||
Nexus Brands Group, Inc.* | One stop | L + 6.00% | (c) | 8.33% | 11/2023 | 3,820 | 3,780 | 0.4 | 3,820 | ||||||||||||||
Nexus Brands Group, Inc. | One stop | L + 6.00% | (c) | 8.39% | 11/2023 | 1,376 | 1,370 | 0.1 | 1,376 | ||||||||||||||
Nexus Brands Group, Inc.(5) | One stop | L + 6.00% | N/A(6) | 11/2023 | — | (1 | ) | — | — | ||||||||||||||
Nexus Brands Group, Inc.(5) | One stop | L + 6.00% | N/A(6) | 11/2023 | — | (14 | ) | — | — | ||||||||||||||
Personify, Inc.* | One stop | L + 5.75% | (c) | 8.14% | 09/2024 | 6,159 | 6,099 | 0.7 | 6,098 | ||||||||||||||
Personify, Inc.(5) | One stop | L + 5.75% | N/A(6) | 09/2024 | — | (1 | ) | — | (1 | ) | |||||||||||||
Property Brands, Inc.* | One stop | L + 6.00% | (a) | 8.24% | 01/2024 | 9,381 | 9,277 | 1.0 | 9,381 | ||||||||||||||
Property Brands, Inc. | One stop | L + 6.00% | (a) | 8.24% | 01/2024 | 3,090 | 3,063 | 0.3 | 3,090 | ||||||||||||||
Property Brands, Inc.(5) | One stop | L + 6.00% | N/A(6) | 01/2024 | — | (10 | ) | — | — | ||||||||||||||
Property Brands, Inc.(5) | One stop | L + 6.00% | N/A(6) | 01/2024 | — | (10 | ) | — | — | ||||||||||||||
Quickbase, Inc.*^ | One stop | L + 5.00% | (c) | 7.39% | 04/2022 | 37,700 | 37,172 | 4.0 | 37,700 | ||||||||||||||
Quickbase, Inc. (5) | One stop | L + 5.00% | N/A(6) | 04/2022 | — | (2 | ) | — | — | ||||||||||||||
Saba Software, Inc.*^ | Senior loan | L + 4.50% | (a) | 6.74% | 05/2023 | 29,396 | 29,009 | 3.2 | 29,396 | ||||||||||||||
Saba Software, Inc.(5) | Senior loan | L + 4.50% | N/A(6) | 05/2023 | — | (2 | ) | — | — | ||||||||||||||
Saldon Holdings, Inc. ^ | Senior loan | L + 4.25% | (a) | 6.41% | 09/2022 | 604 | 598 | 0.1 | 601 | ||||||||||||||
Saldon Holdings, Inc. * | Senior loan | L + 4.25% | (a) | 6.41% | 09/2022 | 578 | 575 | 0.1 | 575 | ||||||||||||||
Telesoft, LLC* | One stop | L + 5.00% | (c) | 7.34% | 07/2022 | 5,299 | 5,259 | 0.6 | 5,299 | ||||||||||||||
Telesoft, LLC(5) | One stop | L + 5.00% | N/A(6) | 07/2022 | — | (1 | ) | — | — | ||||||||||||||
Transaction Data Systems, Inc.*^ | One stop | L + 5.25% | (a) | 7.50% | 06/2021 | 46,134 | 45,942 | 4.9 | 46,134 | ||||||||||||||
Transaction Data Systems, Inc. | One stop | L + 5.25% | (c) | 7.64% | 06/2021 | 15 | 14 | — | 15 | ||||||||||||||
Trintech, Inc. *^ | One stop | L + 6.00% | (b) | 8.20% | 12/2023 | 11,984 | 11,853 | 1.3 | 11,984 | ||||||||||||||
Trintech, Inc. *^ | One stop | L + 6.00% | (b) | 8.20% | 12/2023 | 6,066 | 5,999 | 0.7 | 6,066 | ||||||||||||||
Trintech, Inc. | One stop | L + 6.00% | (b) | 8.20% | 12/2023 | 30 | 28 | — | 30 | ||||||||||||||
True Commerce, Inc.* | One stop | L + 5.75% | (c) | 8.14% | 11/2023 | 7,108 | 7,032 | 0.8 | 7,108 | ||||||||||||||
True Commerce, Inc.(8)(9) | One stop | L + 5.75% | (c) | 8.14% | 11/2023 | 2,790 | 2,760 | 0.3 | 2,755 | ||||||||||||||
True Commerce, Inc.(8) | One stop | L + 5.75% | (c) | 8.14% | 11/2023 | 928 | 918 | 0.1 | 928 | ||||||||||||||
True Commerce, Inc.(5) | One stop | L + 5.75% | N/A(6) | 11/2023 | — | (1 | ) | — | — | ||||||||||||||
Upserve, Inc. | One stop | L + 5.50% | (a) | 7.65% | 07/2023 | 2,172 | 2,156 | 0.2 | 2,155 | ||||||||||||||
Upserve, Inc. | One stop | L + 5.50% | N/A(6) | 07/2023 | — | — | — | — | |||||||||||||||
Upserve, Inc.(5) | One stop | L + 5.50% | N/A(6) | 07/2023 | — | (10 | ) | — | (10 | ) | |||||||||||||
Valant Medical Solutions, Inc. | One stop | L + 11.00% | (a) | 10.88% cash/2.25% PIK | 10/2020 | 1,050 | 985 | 0.1 | 1,050 | ||||||||||||||
Valant Medical Solutions, Inc. | One stop | N/A | 6.00% PIK | 02/2020 | 189 | 189 | — | 232 | |||||||||||||||
Valant Medical Solutions, Inc. | One stop | L + 11.00% | (a) | 10.88% cash/2.25% PIK | 10/2020 | 10 | 10 | — | 10 | ||||||||||||||
Velocity Technology Solutions, Inc.*^ | One stop | L + 6.00% | (c) | 8.39% | 12/2023 | 10,424 | 10,267 | 1.1 | 10,424 | ||||||||||||||
Velocity Technology Solutions, Inc.(5) | One stop | L + 6.00% | N/A(6) | 12/2023 | — | (1 | ) | — | — | ||||||||||||||
Vendavo, Inc. | One stop | L + 8.50% | (c) | 10.81% | 10/2022 | 6,970 | 6,876 | 0.7 | 6,970 | ||||||||||||||
Vendavo, Inc.(5) | One stop | L + 8.50% | N/A(6) | 10/2022 | — | (5 | ) | — | — | ||||||||||||||
Vendor Credentialing Service LLC*^ | One stop | L + 5.75% | (a) | 7.99% | 11/2021 | 7,553 | 7,490 | 0.8 | 7,553 | ||||||||||||||
Vendor Credentialing Service LLC | One stop | L + 5.75% | N/A(6) | 11/2021 | — | — | — | — | |||||||||||||||
Verisys Corporation* | One stop | L + 7.75% | (c) | 10.14% | 01/2023 | 4,757 | 4,705 | 0.5 | 4,757 | ||||||||||||||
Verisys Corporation(5) | One stop | L + 7.75% | N/A(6) | 01/2023 | — | (1 | ) | — | — | ||||||||||||||
Workforce Software, LLC | One stop | L + 6.50% | (c) | 8.83% | 06/2021 | 24,823 | 24,677 | 2.7 | 24,823 | ||||||||||||||
Workforce Software, LLC | One stop | L + 6.50% | (c) | 8.81% | 06/2021 | 2,454 | 2,431 | 0.3 | 2,454 | ||||||||||||||
Workforce Software, LLC(5) | One stop | L + 6.50% | (c) | N/A(6) | 06/2021 | — | (1 | ) | — | — | |||||||||||||
521,147 | 514,789 | 55.8 | 519,972 | ||||||||||||||||||||
Ecological | |||||||||||||||||||||||
Pace Analytical Services, LLC*^ | One stop | L + 6.25% | (a) | 8.49% | 09/2022 | 15,066 | 14,889 | 1.6 | 15,066 | ||||||||||||||
Pace Analytical Services, LLC* | One stop | L + 6.25% | (a) | 8.49% | 09/2022 | 1,401 | 1,385 | 0.2 | 1,401 | ||||||||||||||
Pace Analytical Services, LLC^ | One stop | L + 6.25% | (a) | 8.47% | 09/2022 | 1,129 | 1,120 | 0.1 | 1,129 | ||||||||||||||
Pace Analytical Services, LLC* | One stop | L + 6.25% | (a) | 8.48% | 09/2022 | 833 | 825 | 0.1 | 833 | ||||||||||||||
Pace Analytical Services, LLC^ | One stop | L + 6.25% | (a) | 8.49% | 09/2022 | 346 | 341 | — | 346 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Ecological - (continued) | |||||||||||||||||||||||
Pace Analytical Services, LLC | One stop | L + 6.25% | (a) | 8.49% | 09/2022 | $ | 10 | $ | 8 | — | % | $ | 10 | ||||||||||
Pace Analytical Services, LLC(5) | One stop | L + 6.25% | N/A(6) | 09/2022 | — | (29 | ) | — | — | ||||||||||||||
WRE Holding Corp.* | Senior loan | L + 4.75% | (a) | 6.99% | 01/2023 | 1,309 | 1,297 | 0.1 | 1,309 | ||||||||||||||
WRE Holding Corp. | Senior loan | L + 4.75% | (a) | 6.99% | 01/2023 | 914 | 904 | 0.1 | 914 | ||||||||||||||
WRE Holding Corp. | Senior loan | L + 4.75% | (a) | 6.99% | 01/2023 | 109 | 108 | — | 109 | ||||||||||||||
WRE Holding Corp. | Senior loan | L + 4.75% | (a) | 6.99% | 01/2023 | 21 | 21 | — | 21 | ||||||||||||||
21,138 | 20,869 | 2.2 | 21,138 | ||||||||||||||||||||
Electronics | |||||||||||||||||||||||
Appriss Holdings, Inc.*^ | One stop | L + 6.25% | (c) | 8.64% | 05/2022 | 24,226 | 23,984 | 2.6 | 23,984 | ||||||||||||||
Appriss Holdings, Inc.(5) | One stop | L + 6.25% | N/A(6) | 05/2022 | — | (13 | ) | — | (14 | ) | |||||||||||||
Compusearch Software Holdings, Inc.^ | Senior loan | L + 4.25% | (c) | 6.64% | 05/2021 | 998 | 996 | 0.1 | 998 | ||||||||||||||
Diligent Corporation*^ | One stop | L + 5.50% | (d) | 8.09% | 04/2022 | 31,382 | 30,787 | 3.4 | 31,382 | ||||||||||||||
Diligent Corporation*^ | One stop | L + 5.50% | (d) | 8.09% | 04/2022 | 8,801 | 8,679 | 0.9 | 8,801 | ||||||||||||||
Diligent Corporation* | One stop | L + 5.50% | (d) | 8.09% | 04/2022 | 7,787 | 7,687 | 0.8 | 7,787 | ||||||||||||||
Diligent Corporation(5) | One stop | L + 5.50% | N/A(6) | 04/2022 | — | (2 | ) | — | — | ||||||||||||||
Gamma Technologies, LLC*^ | One stop | L + 5.50% | (a) | 7.74% | 06/2024 | 12,272 | 12,175 | 1.3 | 12,272 | ||||||||||||||
Gamma Technologies, LLC(5) | One stop | L + 5.50% | N/A(6) | 06/2024 | — | (1 | ) | — | — | ||||||||||||||
SEI, Inc.*^ | Senior loan | L + 5.25% | (a) | 7.49% | 07/2023 | 6,458 | 6,398 | 0.7 | 6,458 | ||||||||||||||
Sloan Company, Inc., The* | One stop | L + 13.00% | (c) | 10.89% cash/4.50% PIK | 04/2020 | 3,121 | 3,101 | 0.3 | 2,497 | ||||||||||||||
Sloan Company, Inc., The | One stop | L + 13.00% | (c) | 10.89% cash/4.50% PIK | 04/2020 | 210 | 210 | — | 168 | ||||||||||||||
Sloan Company, Inc., The | One stop | L + 13.00% | (c) | 10.89% cash/4.50% PIK | 04/2020 | 50 | 50 | — | 40 | ||||||||||||||
Sovos Compliance*^ | One stop | L + 6.00% | (a) | 8.24% | 03/2022 | 32,094 | 31,723 | 3.4 | 32,094 | ||||||||||||||
Sovos Compliance^ | One stop | L + 6.00% | (a) | 8.24% | 03/2022 | 5,373 | 5,312 | 0.6 | 5,373 | ||||||||||||||
Sovos Compliance | One stop | L + 6.00% | (a) | 8.24% | 03/2022 | 2,560 | 2,559 | 0.3 | 2,560 | ||||||||||||||
Sovos Compliance(5) | One stop | L + 6.00% | N/A(6) | 03/2022 | — | (1 | ) | — | — | ||||||||||||||
Sovos Compliance(5) | One stop | L + 6.00% | N/A(6) | 03/2022 | — | (36 | ) | — | — | ||||||||||||||
135,332 | 133,608 | 14.4 | 134,400 | ||||||||||||||||||||
Grocery | |||||||||||||||||||||||
Teasdale Quality Foods, Inc.^ | Senior loan | L + 4.75% | (b) | 6.92% | 10/2020 | 117 | 116 | — | 115 | ||||||||||||||
Teasdale Quality Foods, Inc.* | Senior loan | L + 4.75% | (c) | 6.92% | 10/2020 | 78 | 77 | — | 76 | ||||||||||||||
195 | 193 | — | 191 | ||||||||||||||||||||
Healthcare, Education and Childcare | |||||||||||||||||||||||
Active Day, Inc.*^ | One stop | L + 6.00% | (a) | 8.24% | 12/2021 | 11,408 | 11,300 | 1.2 | 11,180 | ||||||||||||||
Active Day, Inc.^ | One stop | L + 6.00% | (a) | 8.24% | 12/2021 | 880 | 876 | 0.1 | 863 | ||||||||||||||
Active Day, Inc.* | One stop | L + 6.00% | (a) | 8.24% | 12/2021 | 567 | 565 | 0.1 | 556 | ||||||||||||||
Active Day, Inc.* | One stop | L + 6.00% | (a) | 8.24% | 12/2021 | 392 | 390 | 0.1 | 384 | ||||||||||||||
Active Day, Inc. | One stop | P + 5.00% | (f) | 10.25% | 12/2021 | 22 | 21 | — | 20 | ||||||||||||||
Acuity Eyecare Holdings, LLC* | One stop | L + 6.75% | (b) | 9.01% | 03/2022 | 3,426 | 3,385 | 0.4 | 3,392 | ||||||||||||||
Acuity Eyecare Holdings, LLC | One stop | L + 6.75% | (b) | 9.02% | 03/2022 | 3,189 | 3,156 | 0.3 | 3,157 | ||||||||||||||
Acuity Eyecare Holdings, LLC | One stop | L + 6.75% | (b) | 9.04% | 03/2022 | 431 | 398 | 0.1 | 393 | ||||||||||||||
Acuity Eyecare Holdings, LLC | One stop | P + 5.75% | (f) | 11.00% | 03/2022 | 10 | 10 | — | 9 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC* | One stop | L + 5.75% | (b) | 8.04% | 05/2022 | 21,683 | 21,375 | 2.3 | 21,249 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC* | One stop | L + 5.75% | (b) | 8.04% | 05/2022 | 107 | 106 | — | 105 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | One stop | L + 5.75% | (b) | 8.04% | 05/2022 | 83 | 83 | — | 81 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | One stop | L + 5.75% | (b) | 8.04% | 05/2022 | 50 | 49 | — | 48 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC^ | One stop | L + 5.75% | (b) | 8.04% | 05/2022 | 31 | 31 | — | 31 | ||||||||||||||
Advanced Pain Management Holdings, Inc.*(7) | Senior loan | L + 5.00% | (a) | 7.24% | 11/2018 | 5,593 | 5,593 | 0.3 | 3,076 | ||||||||||||||
Advanced Pain Management Holdings, Inc.*(7) | Senior loan | L + 5.00% | (a) | 7.24% | 11/2018 | 383 | 382 | — | 210 | ||||||||||||||
Advanced Pain Management Holdings, Inc.(7) | Senior loan | L + 5.00% | N/A(6) | 11/2018 | — | — | — | — | |||||||||||||||
Agilitas USA, Inc.* | One stop | L + 6.00% | (c) | 8.34% | 04/2022 | 1,956 | 1,942 | 0.2 | 1,917 | ||||||||||||||
Agilitas USA, Inc. | One stop | L + 6.00% | (c) | 8.34% | 04/2022 | 10 | 10 | — | 8 | ||||||||||||||
Agilitas USA, Inc.(5) | One stop | L + 6.00% | N/A(6) | 04/2022 | — | (12 | ) | — | — | ||||||||||||||
Apothecary Products, LLC*^ | Senior loan | L + 4.25% | (d) | 6.77% | 07/2023 | 3,423 | 3,379 | 0.4 | 3,389 | ||||||||||||||
Apothecary Products, LLC(5) | Senior loan | L + 4.25% | N/A(6) | 07/2023 | — | (7 | ) | — | (8 | ) | |||||||||||||
Aris Teleradiology Company, LLC*^(7) | Senior loan | L + 5.50% | (c) | 8.00% | 03/2021 | 2,499 | 2,486 | 0.1 | 1,148 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Healthcare, Education and Childcare - (continued) | |||||||||||||||||||||||
Aris Teleradiology Company, LLC(7) | Senior loan | L + 5.50% | (c)(d) | 8.01% | 03/2021 | $ | 132 | $ | 132 | — | % | $ | 44 | ||||||||||
Avalign Technologies, Inc.^ | Senior loan | L + 4.50% | (a) | 6.75% | 07/2021 | 894 | 892 | 0.1 | 894 | ||||||||||||||
BIORECLAMATIONIVT, LLC*^ | One stop | L + 6.25% | (a) | 8.49% | 01/2021 | 14,906 | 14,786 | 1.6 | 14,906 | ||||||||||||||
BIORECLAMATIONIVT, LLC | One stop | P + 5.25% | (f) | 10.50% | 01/2021 | 100 | 99 | — | 100 | ||||||||||||||
CLP Healthcare Services, Inc.^ | Senior loan | L + 5.50% | (c) | 7.89% | 12/2020 | 927 | 920 | 0.1 | 908 | ||||||||||||||
DCA Investment Holding, LLC*^ | One stop | L + 5.25% | (c) | 7.64% | 07/2021 | 14,453 | 14,363 | 1.6 | 14,453 | ||||||||||||||
DCA Investment Holding, LLC*^ | One stop | L + 5.25% | (c) | 7.64% | 07/2021 | 13,485 | 13,375 | 1.4 | 13,485 | ||||||||||||||
DCA Investment Holding, LLC*^ | One stop | L + 5.25% | (c) | 7.64% | 07/2021 | 6,042 | 5,971 | 0.7 | 6,042 | ||||||||||||||
DCA Investment Holding, LLC | One stop | L + 5.25% | (c) | 7.64% | 07/2021 | 2,414 | 2,381 | 0.3 | 2,414 | ||||||||||||||
DCA Investment Holding, LLC | One stop | L + 5.25% | (c) | 7.64% | 07/2021 | 151 | 150 | — | 151 | ||||||||||||||
DCA Investment Holding, LLC | One stop | L + 5.25% | (c) | 7.64% | 07/2021 | 47 | 47 | — | 47 | ||||||||||||||
DCA Investment Holding, LLC(5) | One stop | L + 5.25% | N/A(6) | 07/2021 | — | (9 | ) | — | — | ||||||||||||||
DCA Investment Holding, LLC(5) | One stop | L + 5.25% | N/A(6) | 07/2021 | — | (120 | ) | — | — | ||||||||||||||
Deca Dental Management LLC | One stop | L + 6.25% | (c) | 8.64% | 07/2020 | 7,443 | 7,402 | 0.8 | 7,443 | ||||||||||||||
Deca Dental Management LLC^ | One stop | L + 6.25% | (a)(c) | 8.57% | 07/2020 | 906 | 902 | 0.1 | 906 | ||||||||||||||
Deca Dental Management LLC | One stop | L + 6.25% | (a) | 8.49% | 07/2020 | 50 | 50 | — | 50 | ||||||||||||||
Deca Dental Management LLC(5) | One stop | L + 6.25% | N/A(6) | 07/2020 | — | (4 | ) | — | — | ||||||||||||||
Dental Holdings Corporation^ | One stop | L + 5.50% | (d) | 8.02% | 02/2020 | 3,183 | 3,164 | 0.3 | 3,183 | ||||||||||||||
Dental Holdings Corporation | One stop | L + 5.50% | (d) | 8.02% | 02/2020 | 505 | 502 | 0.1 | 505 | ||||||||||||||
Dental Holdings Corporation | One stop | L + 5.50% | (b) | 7.67% | 02/2020 | 98 | 95 | — | 98 | ||||||||||||||
Elite Dental Partners LLC* | One stop | L + 5.25% | (a) | 7.49% | 06/2023 | 2,014 | 1,986 | 0.2 | 2,014 | ||||||||||||||
Elite Dental Partners LLC | One stop | L + 5.25% | (a) | 7.49% | 06/2023 | 1,578 | 1,384 | 0.2 | 1,578 | ||||||||||||||
Elite Dental Partners LLC(5) | One stop | L + 5.25% | N/A(6) | 06/2023 | — | (1 | ) | — | — | ||||||||||||||
ERG Buyer, LLC* | One stop | L + 5.50% | (c) | 7.89% | 05/2024 | 6,342 | 6,252 | 0.7 | 6,342 | ||||||||||||||
ERG Buyer, LLC(5) | One stop | L + 5.50% | N/A(6) | 05/2024 | — | (2 | ) | — | — | ||||||||||||||
ERG Buyer, LLC(5) | One stop | L + 5.50% | N/A(6) | 05/2024 | — | (146 | ) | — | — | ||||||||||||||
eSolutions, Inc.*^ | One stop | L + 6.50% | (a) | 8.74% | 03/2022 | 29,419 | 29,180 | 3.1 | 29,198 | ||||||||||||||
eSolutions, Inc.(5) | One stop | L + 6.50% | N/A(6) | 03/2022 | — | (1 | ) | — | (1 | ) | |||||||||||||
Excelligence Learning Corporation*^ | One stop | L + 6.00% | (a) | 8.24% | 04/2023 | 6,236 | 6,189 | 0.6 | 5,862 | ||||||||||||||
Eyecare Services Partners Holdings LLC* | One stop | L + 6.25% | (c) | 8.64% | 05/2023 | 10,388 | 10,247 | 1.1 | 10,388 | ||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | L + 6.25% | (c) | 8.64% | 05/2023 | 7,456 | 7,317 | 0.8 | 7,456 | ||||||||||||||
Eyecare Services Partners Holdings LLC* | One stop | L + 6.25% | (c) | 8.64% | 05/2023 | 6,679 | 6,679 | 0.7 | 6,679 | ||||||||||||||
Eyecare Services Partners Holdings LLC* | One stop | L + 6.25% | (c) | 8.64% | 05/2023 | 2,230 | 2,230 | 0.2 | 2,230 | ||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | L + 6.25% | (c) | 8.59% | 05/2023 | 1,441 | 1,441 | 0.2 | 1,441 | ||||||||||||||
Eyecare Services Partners Holdings LLC* | One stop | L + 6.25% | (c) | 8.64% | 05/2023 | 1,082 | 1,082 | 0.1 | 1,082 | ||||||||||||||
Eyecare Services Partners Holdings LLC* | One stop | L + 6.25% | (c) | 8.64% | 05/2023 | 953 | 953 | 0.1 | 953 | ||||||||||||||
Eyecare Services Partners Holdings LLC* | One stop | L + 6.25% | (c) | 8.64% | 05/2023 | 616 | 472 | 0.1 | 616 | ||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | L + 6.25% | (c) | 8.64% | 05/2023 | 460 | 361 | 0.1 | 460 | ||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | L + 6.25% | (c) | 8.63% | 05/2023 | 25 | 22 | — | 25 | ||||||||||||||
G & H Wire Company, Inc.* | One stop | L + 5.75% | (a) | 7.99% | 09/2023 | 1,104 | 1,095 | 0.1 | 1,104 | ||||||||||||||
G & H Wire Company, Inc.(5) | One stop | L + 5.75% | N/A(6) | 09/2022 | — | (1 | ) | — | — | ||||||||||||||
Immucor, Inc. * | Senior loan | L + 5.00% | (c) | 7.39% | 06/2021 | 2,034 | 2,034 | 0.2 | 2,071 | ||||||||||||||
Katena Holdings, Inc.^ | One stop | L + 6.00% | (c) | 8.39% | 06/2021 | 4,475 | 4,444 | 0.5 | 4,385 | ||||||||||||||
Katena Holdings, Inc.^ | One stop | L + 6.00% | (c) | 8.39% | 06/2021 | 437 | 434 | 0.1 | 428 | ||||||||||||||
Katena Holdings, Inc.* | One stop | L + 6.00% | (c) | 8.39% | 06/2021 | 301 | 298 | — | 295 | ||||||||||||||
Katena Holdings, Inc.(5) | One stop | L + 6.00% | N/A(6) | 06/2021 | — | (1 | ) | — | (2 | ) | |||||||||||||
Lombart Brothers, Inc.*^ | One stop | L + 6.75% | (c) | 9.14% | 04/2022 | 4,692 | 4,615 | 0.5 | 4,622 | ||||||||||||||
Lombart Brothers, Inc.*(8) | One stop | L + 6.75% | (c) | 9.14% | 04/2022 | 1,534 | 1,509 | 0.2 | 1,511 | ||||||||||||||
Lombart Brothers, Inc. | One stop | P + 5.50% | (f) | 10.75% | 04/2022 | 29 | 28 | — | 28 | ||||||||||||||
Lombart Brothers, Inc.(8) | One stop | P + 5.50% | (f) | 10.75% | 04/2022 | 8 | 8 | — | 8 | ||||||||||||||
Maverick Healthcare Group, LLC* | Senior loan | L + 7.50% | (a) | 7.89% cash/2.00% PIK | 04/2017 | 432 | 432 | 0.1 | 432 | ||||||||||||||
MD Now Holdings, Inc.* | One stop | L + 5.25% | (c) | 7.64% | 08/2024 | 7,070 | 7,001 | 0.8 | 6,999 | ||||||||||||||
MD Now Holdings, Inc.(5) | One stop | L + 5.25% | N/A(6) | 08/2024 | — | (1 | ) | — | (2 | ) | |||||||||||||
MD Now Holdings, Inc.(5) | One stop | L + 5.25% | N/A(6) | 08/2024 | — | (20 | ) | — | (20 | ) | |||||||||||||
MWD Management, LLC & MWD Services, Inc.* | One stop | L + 5.25% | (c) | 7.64% | 06/2023 | 4,381 | 4,381 | 0.5 | 4,381 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Healthcare, Education and Childcare - (continued) | |||||||||||||||||||||||
MWD Management, LLC & MWD Services, Inc.* | One stop | L + 5.25% | (c) | 7.64% | 06/2023 | $ | 1,295 | $ | 1,282 | 0.1 | % | $ | 1,295 | ||||||||||
MWD Management, LLC & MWD Services, Inc.(5) | One stop | L + 5.25% | N/A(6) | 06/2022 | — | (1 | ) | — | — | ||||||||||||||
MWD Management, LLC & MWD Services, Inc.(5) | One stop | L + 5.25% | N/A(6) | 06/2023 | — | (72 | ) | — | — | ||||||||||||||
Oliver Street Dermatology Holdings, LLC*^ | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 8,717 | 8,600 | 0.9 | 8,717 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC^ | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 1,885 | 1,867 | 0.2 | 1,885 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 1,352 | 1,338 | 0.1 | 1,352 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 1,195 | 1,184 | 0.1 | 1,195 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 1,043 | 1,033 | 0.1 | 1,043 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 1,040 | 1,031 | 0.1 | 1,040 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 810 | 802 | 0.1 | 810 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 702 | 696 | 0.1 | 702 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.00% | (c)(f) | 8.85% | 05/2022 | 81 | 80 | — | 81 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC^ | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 46 | 45 | — | 46 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC^ | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 41 | 41 | — | 41 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC^ | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 32 | 32 | — | 32 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC^ | One stop | L + 6.00% | (c) | 8.39% | 05/2022 | 30 | 30 | — | 30 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC(5) | One stop | L + 6.00% | N/A(6) | 05/2022 | — | (10 | ) | — | — | ||||||||||||||
ONsite Mammography, LLC | One stop | L + 6.75% | (a) | 8.99% | 11/2023 | 2,838 | 2,807 | 0.3 | 2,838 | ||||||||||||||
ONsite Mammography, LLC | One stop | L + 6.75% | (c)(d) | 9.15% | 11/2023 | 335 | 323 | — | 335 | ||||||||||||||
ONsite Mammography, LLC(5) | One stop | L + 6.75% | N/A(6) | 11/2023 | — | (1 | ) | — | — | ||||||||||||||
Pinnacle Treatment Centers, Inc.* | One stop | L + 6.25% | (c) | 8.59% | 08/2021 | 9,649 | 9,552 | 1.0 | 9,649 | ||||||||||||||
Pinnacle Treatment Centers, Inc. | One stop | L + 6.25% | (b)(c) | 8.52% | 08/2021 | 58 | 57 | — | 58 | ||||||||||||||
Pinnacle Treatment Centers, Inc. | One stop | L + 6.25% | (c) | 8.59% | 08/2021 | 55 | 54 | — | 55 | ||||||||||||||
Pinnacle Treatment Centers, Inc. | One stop | L + 6.25% | (a) | 8.46% | 08/2021 | 43 | 41 | — | 43 | ||||||||||||||
PPT Management Holdings, LLC*^ | One stop | L + 7.50% | (b)(f) | 9.69% | 12/2022 | 12,273 | 12,089 | 1.1 | 10,033 | ||||||||||||||
PPT Management Holdings, LLC | One stop | L + 7.50% | (b)(c)(f) | 9.69% | 12/2022 | 141 | 141 | — | 116 | ||||||||||||||
PPT Management Holdings, LLC | One stop | L + 7.50% | (b)(f) | 9.69% | 12/2022 | 84 | 84 | — | 68 | ||||||||||||||
PPT Management Holdings, LLC | One stop | L + 7.50% | (b)(f) | 9.69% | 12/2022 | 40 | 31 | — | 32 | ||||||||||||||
PPT Management Holdings, LLC(5) | One stop | L + 7.50% | (b)(f) | 9.69% | 12/2022 | 7 | 4 | — | (30 | ) | |||||||||||||
Riverchase MSO, LLC*^ | Senior loan | L + 5.25% | (c) | 7.64% | 10/2022 | 4,890 | 4,840 | 0.5 | 4,890 | ||||||||||||||
Riverchase MSO, LLC | Senior loan | L + 5.25% | (c) | 7.63% | 10/2022 | 54 | 53 | — | 54 | ||||||||||||||
RXH Buyer Corporation* | One stop | L + 5.75% | (c) | 8.14% | 09/2021 | 11,021 | 10,912 | 1.2 | 11,021 | ||||||||||||||
RXH Buyer Corporation^ | One stop | L + 5.75% | (c) | 8.14% | 09/2021 | 1,247 | 1,241 | 0.1 | 1,247 | ||||||||||||||
RXH Buyer Corporation | One stop | P + 4.75% | (c)(f) | 9.19% | 09/2021 | 92 | 90 | — | 92 | ||||||||||||||
SLMP, LLC | One stop | L + 6.00% | (a) | 8.24% | 05/2023 | 5,597 | 5,528 | 0.6 | 5,597 | ||||||||||||||
SLMP, LLC* | One stop | L + 6.00% | (a) | 8.24% | 05/2023 | 4,701 | 4,644 | 0.5 | 4,701 | ||||||||||||||
SLMP, LLC | One stop | N/A | 7.50% PIK | 05/2027 | 117 | 117 | — | 117 | |||||||||||||||
SLMP, LLC(5) | One stop | L + 6.00% | N/A(6) | 05/2023 | — | (1 | ) | — | — | ||||||||||||||
SLMP, LLC(5) | One stop | L + 6.00% | N/A(6) | 05/2023 | — | (9 | ) | — | — | ||||||||||||||
Spear Education, LLC^ | One stop | L + 6.25% | (c) | 8.75% | 08/2019 | 3,468 | 3,463 | 0.4 | 3,468 | ||||||||||||||
Spear Education, LLC | One stop | L + 6.25% | (c) | 8.59% | 08/2019 | 178 | 178 | — | 178 | ||||||||||||||
Spear Education, LLC | One stop | L + 6.25% | (c) | 8.56% | 08/2019 | 62 | 61 | — | 62 | ||||||||||||||
Summit Behavioral Healthcare, LLC* | Senior loan | L + 4.75% | (c) | 7.06% | 10/2023 | 2,401 | 2,380 | 0.3 | 2,401 | ||||||||||||||
Summit Behavioral Healthcare, LLC | Senior loan | L + 4.75% | (c) | 7.07% | 10/2023 | 118 | 111 | — | 118 | ||||||||||||||
Summit Behavioral Healthcare, LLC | Senior loan | L + 4.75% | (c) | 7.07% | 10/2023 | 19 | 18 | — | 19 | ||||||||||||||
WHCG Management, LLC^ | Senior loan | L + 5.00% | (c) | 7.39% | 03/2023 | 3,950 | 3,913 | 0.4 | 3,950 | ||||||||||||||
WHCG Management, LLC | Senior loan | L + 5.00% | (c) | 7.35% | 03/2023 | 100 | 99 | — | 100 | ||||||||||||||
WHCG Management, LLC(5) | Senior loan | L + 5.00% | N/A(6) | 03/2023 | — | (20 | ) | — | — | ||||||||||||||
WIRB-Copernicus Group, Inc.* | Senior loan | L + 4.25% | (a) | 6.49% | 08/2022 | 10,429 | 10,364 | 1.1 | 10,429 | ||||||||||||||
WIRB-Copernicus Group, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 08/2022 | — | (1 | ) | — | — | ||||||||||||||
WIRB-Copernicus Group, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 08/2022 | — | (22 | ) | — | — | ||||||||||||||
317,531 | 313,636 | 33.2 | 309,310 | ||||||||||||||||||||
Home and Office Furnishings, Housewares, and Durable Consumer | |||||||||||||||||||||||
1A Smart Start LLC^ | Senior loan | L + 4.50% | (a) | 6.74% | 02/2022 | 354 | 353 | — | 355 | ||||||||||||||
CST Buyer Company^ | One stop | L + 5.00% | (a) | 7.24% | 03/2023 | 3,086 | 3,016 | 0.3 | 3,086 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Home and Office Furnishings, Housewares, and Durable Consumer - (continued) | |||||||||||||||||||||||
CST Buyer Company(5) | One stop | L + 5.00% | N/A(6) | 03/2023 | $ | — | $ | (1 | ) | — | % | $ | — | ||||||||||
Plano Molding Company, LLC* | One stop | L + 7.50% | (a) | 9.67% | 05/2021 | 4,850 | 4,801 | 0.5 | 4,753 | ||||||||||||||
8,290 | 8,169 | 0.8 | 8,194 | ||||||||||||||||||||
Hotels, Motels, Inns, and Gaming | |||||||||||||||||||||||
Aimbridge Hospitality, LLC^ | One stop | L + 5.00% | (a) | 7.24% | 06/2022 | 6,329 | 6,244 | 0.7 | 6,329 | ||||||||||||||
Aimbridge Hospitality, LLC*^ | One stop | L + 5.00% | (a) | 7.24% | 06/2022 | 4,993 | 4,928 | 0.5 | 4,993 | ||||||||||||||
Aimbridge Hospitality, LLC^ | One stop | L + 5.00% | (a) | 7.24% | 06/2022 | 1,055 | 1,040 | 0.1 | 1,055 | ||||||||||||||
Aimbridge Hospitality, LLC | One stop | L + 5.00% | (a) | 7.24% | 06/2022 | 61 | 57 | — | 61 | ||||||||||||||
Aimbridge Hospitality, LLC(5) | One stop | L + 5.00% | N/A(6) | 06/2022 | — | (1 | ) | — | — | ||||||||||||||
12,438 | 12,268 | 1.3 | 12,438 | ||||||||||||||||||||
Insurance | |||||||||||||||||||||||
Captive Resources Midco, LLC*^ | One stop | L + 5.75% | (a) | 7.99% | 12/2021 | 12,505 | 12,359 | 1.3 | 12,505 | ||||||||||||||
Captive Resources Midco, LLC(5) | One stop | L + 5.75% | N/A(6) | 12/2021 | — | (4 | ) | — | — | ||||||||||||||
Captive Resources Midco, LLC(5) | One stop | L + 5.75% | N/A(6) | 12/2021 | — | (12 | ) | — | — | ||||||||||||||
Internet Pipeline, Inc.*^ | One stop | L + 4.75% | (a) | 7.00% | 08/2022 | 10,245 | 10,106 | 1.1 | 10,245 | ||||||||||||||
Internet Pipeline, Inc.*^ | One stop | L + 4.75% | (a) | 7.00% | 08/2022 | 4,406 | 4,362 | 0.5 | 4,406 | ||||||||||||||
Internet Pipeline, Inc.(8)(9) | L + 4.75% | (a) | 7.00% | 08/2022 | 3,541 | 3,495 | 0.4 | 3,447 | |||||||||||||||
Internet Pipeline, Inc.^ | One stop | L + 4.75% | (a) | 7.00% | 08/2022 | 1,668 | 1,651 | 0.2 | 1,668 | ||||||||||||||
Internet Pipeline, Inc.(5) | One stop | L + 4.75% | N/A(6) | 08/2021 | — | (1 | ) | — | — | ||||||||||||||
RSC Acquisition, Inc.*^ | Senior loan | L + 4.25% | (c)(d)(f) | 6.72% | 11/2022 | 26,852 | 26,712 | 2.9 | 26,784 | ||||||||||||||
RSC Acquisition, Inc. | Senior loan | L + 4.25% | (d)(e) | 6.76% | 11/2021 | 21 | 21 | — | 21 | ||||||||||||||
RSC Acquisition, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 11/2022 | — | (32 | ) | — | (13 | ) | |||||||||||||
59,238 | 58,657 | 6.4 | 59,063 | ||||||||||||||||||||
Leisure, Amusement, Motion Pictures, Entertainment | |||||||||||||||||||||||
NFD Operating, LLC^ | One stop | L + 7.00% | (a) | 9.11% | 06/2021 | 2,148 | 2,130 | 0.2 | 2,148 | ||||||||||||||
NFD Operating, LLC | One stop | L + 7.00% | N/A(6) | 06/2021 | — | — | — | — | |||||||||||||||
PADI Holdco, Inc.(8)(9) | One stop | E + 5.75% | (g) | 5.75% | 04/2023 | 12,505 | 12,505 | 1.3 | 12,142 | ||||||||||||||
PADI Holdco, Inc.* | One stop | L + 5.75% | (c) | 8.14% | 04/2023 | 12,637 | 12,478 | 1.4 | 12,637 | ||||||||||||||
PADI Holdco, Inc. | One stop | L + 5.75% | (c) | 8.14% | 04/2022 | 125 | 123 | — | 125 | ||||||||||||||
Self Esteem Brands, LLC*^ | Senior loan | L + 4.75% | (a) | 6.99% | 02/2020 | 8,681 | 8,646 | 0.9 | 8,681 | ||||||||||||||
Sunshine Sub, LLC* | One stop | L + 4.75% | (a) | 6.99% | 05/2024 | 5,468 | 5,366 | 0.6 | 5,468 | ||||||||||||||
Sunshine Sub, LLC(5) | One stop | L + 4.75% | N/A(6) | 05/2024 | — | (1 | ) | — | — | ||||||||||||||
Sunshine Sub, LLC(5) | One stop | L + 4.75% | N/A(6) | 05/2024 | — | (39 | ) | — | — | ||||||||||||||
Teaching Company, The*^ | One stop | L + 4.75% | (c) | 7.09% | 07/2023 | 7,024 | 6,990 | 0.8 | 7,024 | ||||||||||||||
Teaching Company, The(5) | One stop | L + 4.75% | N/A(6) | 07/2023 | — | (1 | ) | — | — | ||||||||||||||
Titan Fitness, LLC^ | One stop | L + 6.50% | (a) | 8.61% | 06/2021 | 1,933 | 1,933 | 0.2 | 1,933 | ||||||||||||||
Titan Fitness, LLC^ | One stop | L + 6.50% | (a) | 8.61% | 06/2021 | 292 | 291 | — | 292 | ||||||||||||||
Titan Fitness, LLC* | One stop | L + 6.50% | (a) | 8.61% | 06/2021 | 256 | 256 | — | 256 | ||||||||||||||
Titan Fitness, LLC^ | One stop | L + 6.50% | (a) | 8.61% | 06/2021 | 138 | 137 | — | 138 | ||||||||||||||
Titan Fitness, LLC | One stop | L + 6.50% | N/A(6) | 06/2021 | — | — | — | — | |||||||||||||||
WBZ Investment LLC* | One stop | L + 5.50% | (a) | 7.64% | 09/2020 | 3,463 | 3,429 | 0.4 | 3,428 | ||||||||||||||
WBZ Investment LLC(5) | One stop | L + 5.50% | N/A(6) | 09/2024 | — | — | — | (1 | ) | ||||||||||||||
WBZ Investment LLC(5) | One stop | L + 5.50% | N/A(6) | 09/2024 | — | (27 | ) | — | (27 | ) | |||||||||||||
54,670 | 54,216 | 5.8 | 54,244 | ||||||||||||||||||||
Mining, Steel, Iron and Non-Precious Metals | |||||||||||||||||||||||
Benetech, Inc.* | One stop | L + 10.00% | (a) | 10.24% cash/2.00% PIK | 05/2019 | 185 | 185 | — | 185 | ||||||||||||||
Benetech, Inc. | One stop | P + 8.75% | (a)(f) | 11.77% cash/2.00% PIK | 05/2019 | 10 | 10 | — | 10 | ||||||||||||||
195 | 195 | — | 195 | ||||||||||||||||||||
Oil and Gas | |||||||||||||||||||||||
Drilling Info Holdings, Inc.*^ | Senior loan | L + 4.25% | (b) | 6.54% | 07/2025 | 13,964 | 13,783 | 1.5 | 13,895 | ||||||||||||||
Drilling Info Holdings, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 07/2023 | — | (2 | ) | — | — | ||||||||||||||
Drilling Info Holdings, Inc.(5) | Senior loan | L + 4.25% | N/A(6) | 07/2025 | — | (48 | ) | — | (14 | ) | |||||||||||||
13,964 | 13,733 | 1.5 | 13,881 | ||||||||||||||||||||
Personal and Non Durable Consumer Products (Mfg. Only) | |||||||||||||||||||||||
Georgica Pine Clothiers, LLC^ | One stop | L + 5.50% | (c) | 7.89% | 11/2021 | 4,823 | 4,798 | 0.5 | 4,823 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Personal and Non Durable Consumer Products (Mfg. Only) - (continued) | |||||||||||||||||||||||
Georgica Pine Clothiers, LLC* | One stop | L + 5.50% | (c) | 7.89% | 11/2021 | $ | 421 | $ | 419 | 0.1 | % | $ | 421 | ||||||||||
Georgica Pine Clothiers, LLC^ | One stop | L + 5.50% | (c) | 7.89% | 11/2021 | 296 | 294 | — | 296 | ||||||||||||||
Georgica Pine Clothiers, LLC | One stop | L + 5.50% | (c)(f) | 8.42% | 11/2021 | 46 | 45 | — | 46 | ||||||||||||||
IMPLUS Footwear, LLC*^ | One stop | L + 6.75% | (c) | 9.14% | 04/2021 | 13,124 | 13,044 | 1.4 | 13,124 | ||||||||||||||
IMPLUS Footwear, LLC*^ | One stop | L + 6.75% | (c) | 9.09% | 04/2021 | 2,311 | 2,296 | 0.3 | 2,311 | ||||||||||||||
IMPLUS Footcare, LLC | One stop | L + 6.75% | (c) | 9.14% | 04/2021 | 700 | 690 | 0.1 | 700 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.06% | 09/2020 | 3,120 | 3,107 | 0.3 | 3,120 | ||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (c) | 9.09% | 09/2020 | 152 | 151 | — | 152 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.07% | 09/2020 | 113 | 112 | — | 113 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.09% | 09/2020 | 99 | 98 | — | 99 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c) | 9.06% | 09/2020 | 99 | 98 | — | 99 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.08% | 09/2020 | 94 | 93 | — | 94 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.12% | 09/2020 | 90 | 90 | — | 90 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.07% | 09/2020 | 71 | 70 | — | 71 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.08% | 09/2020 | 45 | 45 | — | 45 | ||||||||||||||
Massage Envy, LLC^ | One stop | L + 6.75% | (c)(f) | 9.13% | 09/2020 | 30 | 30 | — | 30 | ||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (c) | 9.09% | 09/2020 | 25 | 21 | — | 25 | ||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | N/A(6) | 09/2020 | — | — | — | — | |||||||||||||||
Orthotics Holdings, Inc.* | One stop | L + 5.50% | (a) | 7.74% | 02/2020 | 3,656 | 3,639 | 0.4 | 3,583 | ||||||||||||||
Orthotics Holdings, Inc.*(8) | One stop | L + 5.50% | (a) | 7.74% | 02/2020 | 599 | 597 | 0.1 | 587 | ||||||||||||||
Orthotics Holdings, Inc.(8) | One stop | L + 5.50% | N/A(6) | 02/2020 | — | — | — | — | |||||||||||||||
Orthotics Holdings, Inc.(5) | One stop | L + 5.50% | N/A(6) | 02/2020 | — | (3 | ) | — | (2 | ) | |||||||||||||
Team Technologies Acquisition Company^ | Senior loan | L + 5.00% | (c)(f) | 7.35% | 12/2018 | 258 | 258 | — | 257 | ||||||||||||||
Team Technologies Acquisition Company* | Senior loan | L + 5.50% | (c)(f) | 7.85% | 12/2018 | 48 | 48 | — | 48 | ||||||||||||||
Team Technologies Acquisition Company | Senior loan | L + 5.00% | N/A(6) | 12/2018 | — | — | — | — | |||||||||||||||
30,220 | 30,040 | 3.2 | 30,132 | ||||||||||||||||||||
Personal, Food and Miscellaneous Services | |||||||||||||||||||||||
Captain D's, LLC* | Senior loan | L + 4.50% | (b) | 6.71% | 12/2023 | 2,218 | 2,199 | 0.2 | 2,218 | ||||||||||||||
Captain D's, LLC | Senior loan | P + 3.50% | (a)(f) | 7.86% | 12/2023 | 9 | 9 | — | 9 | ||||||||||||||
Clarkson Eyecare LLC*^ | One stop | L + 6.25% | (c) | 8.64% | 04/2021 | 17,015 | 16,846 | 1.8 | 17,015 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 6.25% | (c) | 8.64% | 04/2021 | 8,443 | 8,382 | 0.9 | 8,443 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 6.25% | (a)(c) | 8.43% | 04/2021 | 4,678 | 4,639 | 0.5 | 4,678 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 6.25% | (c) | 8.58% | 04/2021 | 4,006 | 4,006 | 0.4 | 4,006 | ||||||||||||||
Clarkson Eyecare LLC* | One stop | L + 6.25% | (c) | 8.64% | 04/2021 | 2,926 | 2,905 | 0.3 | 2,926 | ||||||||||||||
Clarkson Eyecare LLC* | One stop | L + 6.25% | (c) | 8.64% | 04/2021 | 2,491 | 2,474 | 0.3 | 2,491 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 6.25% | (c) | 8.64% | 04/2021 | 1,392 | 1,392 | 0.1 | 1,392 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 6.25% | (c) | 8.64% | 04/2021 | 709 | 672 | 0.1 | 709 | ||||||||||||||
Clarkson Eyecare LLC* | One stop | L + 6.25% | (c) | 8.64% | 04/2021 | 656 | 655 | 0.1 | 656 | ||||||||||||||
Clarkson Eyecare LLC* | One stop | L + 6.25% | (c) | 8.64% | 04/2021 | 484 | 477 | 0.1 | 484 | ||||||||||||||
Clarkson Eyecare LLC | One stop | L + 6.25% | (c) | 8.63% | 04/2021 | 257 | 253 | — | 257 | ||||||||||||||
Clarkson Eyecare LLC(5) | One stop | L + 6.25% | N/A(6) | 04/2021 | — | (16 | ) | — | — | ||||||||||||||
Community Veterinary Partners, LLC^ | One stop | L + 5.50% | (c) | 7.89% | 10/2021 | 1,945 | 1,940 | 0.2 | 1,945 | ||||||||||||||
Community Veterinary Partners, LLC^ | One stop | L + 5.50% | (c) | 7.89% | 10/2021 | 516 | 516 | 0.1 | 516 | ||||||||||||||
Community Veterinary Partners, LLC^ | One stop | L + 5.50% | (c) | 7.89% | 10/2021 | 99 | 97 | — | 99 | ||||||||||||||
Community Veterinary Partners, LLC(5) | One stop | L + 5.50% | N/A(6) | 10/2021 | — | (30 | ) | — | — | ||||||||||||||
Imperial Optical Midco Inc. | One stop | L + 4.75% | (b) | 6.96% | 08/2023 | 592 | 533 | 0.1 | 531 | ||||||||||||||
Imperial Optical Midco Inc. | One stop | L + 4.75% | (b) | 7.04% | 08/2023 | 150 | 148 | — | 148 | ||||||||||||||
Imperial Optical Midco Inc. | One stop | L + 4.75% | N/A(6) | 08/2023 | — | — | — | — | |||||||||||||||
PPV Intermediate Holdings II, LLC | One stop | N/A | 7.90% PIK | 05/2023 | 19 | 19 | — | 19 | |||||||||||||||
PPV Intermediate Holdings II, LLC(5) | One stop | L + 5.00% | N/A(6) | 05/2023 | — | (1 | ) | — | — | ||||||||||||||
PPV Intermediate Holdings II, LLC(5) | One stop | L + 5.00% | N/A(6) | 05/2020 | — | (77 | ) | — | — | ||||||||||||||
Ruby Slipper Cafe LLC, The | One stop | L + 7.50% | (c) | 9.85% | 01/2023 | 60 | 59 | — | 60 | ||||||||||||||
Ruby Slipper Cafe LLC, The | One stop | L + 7.50% | (c) | 9.84% | 01/2023 | 70 | 56 | — | 70 | ||||||||||||||
Ruby Slipper Cafe LLC, The | One stop | L + 7.50% | (c) | 9.82% | 01/2023 | 5 | 5 | — | 5 | ||||||||||||||
Southern Veterinary Partners, LLC* | One stop | L + 5.50% | (a) | 7.74% | 05/2025 | 3,607 | 3,573 | 0.4 | 3,607 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Personal, Food and Miscellaneous Services - (continued) | |||||||||||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 7.74% | 05/2025 | $ | 2,177 | $ | 2,156 | 0.2 | % | $ | 2,177 | ||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 7.74% | 05/2025 | 1,916 | 1,898 | 0.2 | 1,916 | ||||||||||||||
Southern Veterinary Partners, LLC*^ | One stop | L + 5.50% | (a) | 7.74% | 05/2025 | 1,573 | 1,549 | 0.2 | 1,573 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 7.74% | 05/2025 | 1,110 | 1,071 | 0.1 | 1,110 | ||||||||||||||
Southern Veterinary Partners, LLC* | One stop | L + 5.50% | (a) | 7.74% | 05/2025 | 1,039 | 1,029 | 0.1 | 1,039 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 7.74% | 05/2025 | 853 | 845 | 0.1 | 853 | ||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.50% | (a) | 7.74% | 05/2025 | 777 | 737 | 0.1 | 777 | ||||||||||||||
Southern Veterinary Partners, LLC(5) | One stop | L + 5.50% | N/A(6) | 05/2023 | — | (2 | ) | — | — | ||||||||||||||
Southern Veterinary Partners, LLC(5) | One stop | L + 5.50% | N/A(6) | 05/2025 | — | (79 | ) | — | — | ||||||||||||||
Veterinary Specialists of North America, LLC*^ | One stop | L + 5.50% | (a) | 7.69% | 07/2021 | 3,813 | 3,785 | 0.4 | 3,813 | ||||||||||||||
Veterinary Specialists of North America, LLC | One stop | L + 5.50% | (a) | 7.74% | 07/2021 | 464 | 460 | 0.1 | 464 | ||||||||||||||
Veterinary Specialists of North America, LLC | One stop | L + 5.50% | (a) | 7.74% | 07/2021 | 420 | 416 | 0.1 | 420 | ||||||||||||||
Veterinary Specialists of North America, LLC^ | One stop | L + 5.50% | (a) | 7.74% | 07/2021 | 229 | 227 | — | 229 | ||||||||||||||
Veterinary Specialists of North America, LLC^ | One stop | L + 5.50% | (a) | 7.74% | 07/2021 | 88 | 88 | — | 88 | ||||||||||||||
Veterinary Specialists of North America, LLC | One stop | L + 5.50% | (a) | 7.74% | 07/2021 | 45 | 37 | — | 45 | ||||||||||||||
Veterinary Specialists of North America, LLC* | One stop | L + 5.50% | (a) | 7.74% | 07/2021 | 33 | 33 | — | 33 | ||||||||||||||
Veterinary Specialists of North America, LLC(5) | One stop | L + 5.50% | N/A(6) | 07/2021 | — | (1 | ) | — | — | ||||||||||||||
Wetzel's Pretzels, LLC*^ | One stop | L + 6.75% | (a) | 8.99% | 09/2021 | 8,290 | 8,212 | 0.9 | 8,290 | ||||||||||||||
Wetzel's Pretzels, LLC | One stop | L + 6.75% | (a) | 8.86% | 09/2021 | 3 | 2 | — | 3 | ||||||||||||||
75,177 | 74,194 | 8.1 | 75,114 | ||||||||||||||||||||
Printing and Publishing | |||||||||||||||||||||||
Brandmuscle, Inc.^ | Senior loan | L + 5.00% | (c) | 7.39% | 12/2021 | 532 | 529 | 0.1 | 535 | ||||||||||||||
Messenger, LLC* | One stop | L + 6.00% | (a)(f) | 8.23% | 08/2023 | 3,926 | 3,888 | 0.4 | 3,887 | ||||||||||||||
Messenger, LLC | One stop | P + 5.00% | (f) | 10.25% | 08/2023 | 3 | 3 | — | 3 | ||||||||||||||
4,461 | 4,420 | 0.5 | 4,425 | ||||||||||||||||||||
Retail Stores | |||||||||||||||||||||||
Batteries Plus Holding Corporation*^ | One stop | L + 6.75% | (a) | 8.99% | 07/2022 | 11,379 | 11,253 | 1.2 | 11,379 | ||||||||||||||
Batteries Plus Holding Corporation(5) | One stop | L + 6.75% | N/A(6) | 07/2022 | — | (1 | ) | — | — | ||||||||||||||
Cycle Gear, Inc.^ | One stop | L + 6.50% | (c) | 8.84% | 01/2020 | 7,495 | 7,461 | 0.8 | 7,495 | ||||||||||||||
Cycle Gear, Inc.^ | One stop | L + 6.50% | (c) | 8.84% | 01/2020 | 705 | 701 | 0.1 | 705 | ||||||||||||||
Cycle Gear, Inc.(5) | One stop | L + 6.50% | N/A(6) | 01/2020 | — | (4 | ) | — | — | ||||||||||||||
DTLR, Inc.*^ | One stop | L + 6.50% | (b) | 8.68% | 08/2022 | 19,507 | 19,280 | 2.1 | 19,507 | ||||||||||||||
Feeders Supply Company, LLC*^ | One stop | L + 5.75% | (a) | 8.01% | 04/2021 | 4,491 | 4,461 | 0.5 | 4,491 | ||||||||||||||
Feeders Supply Company, LLC | Subordinated debt | N/A | 12.50% cash/7.00% PIK | 04/2021 | 62 | 62 | — | 62 | |||||||||||||||
Feeders Supply Company, LLC | One stop | L + 5.75% | N/A(6) | 04/2021 | — | — | — | — | |||||||||||||||
Marshall Retail Group LLC, The* | One stop | L + 6.00% | (c) | 8.34% | 08/2020 | 3,124 | 3,124 | 0.3 | 3,124 | ||||||||||||||
Marshall Retail Group LLC, The | One stop | L + 6.00% | N/A(6) | 08/2019 | — | — | — | — | |||||||||||||||
Mills Fleet Farm Group LLC*^ | One stop | L + 5.50% | (a) | 7.74% | 02/2022 | 5,650 | 5,471 | 0.6 | 5,650 | ||||||||||||||
Pet Holdings ULC*^(8)(10) | One stop | L + 5.50% | (c) | 7.84% | 07/2022 | 32,645 | 32,434 | 3.5 | 32,645 | ||||||||||||||
Pet Holdings ULC^(8)(10) | One stop | L + 5.50% | (c) | 7.84% | 07/2022 | 130 | 128 | — | 130 | ||||||||||||||
Pet Holdings ULC(5)(8)(10) | One stop | L + 5.50% | N/A(6) | 07/2022 | — | (2 | ) | — | — | ||||||||||||||
PetPeople Enterprises, LLC^ | One stop | L + 5.00% | (a) | 7.25% | 09/2023 | 2,349 | 2,325 | 0.3 | 2,349 | ||||||||||||||
PetPeople Enterprises, LLC(5) | One stop | L + 5.00% | N/A(6) | 09/2023 | — | (1 | ) | — | — | ||||||||||||||
PetPeople Enterprises, LLC(5) | One stop | L + 5.00% | N/A(6) | 09/2023 | — | (2 | ) | — | — | ||||||||||||||
87,537 | 86,690 | 9.4 | 87,537 | ||||||||||||||||||||
Telecommunications | |||||||||||||||||||||||
NetMotion Wireless Holdings, Inc.^ | One stop | L + 6.25% | (c) | 8.64% | 10/2021 | 6,340 | 6,260 | 0.7 | 6,340 | ||||||||||||||
NetMotion Wireless Holdings, Inc.(5) | One stop | L + 6.25% | N/A(6) | 10/2021 | — | (1 | ) | — | — | ||||||||||||||
6,340 | 6,259 | 0.7 | 6,340 | ||||||||||||||||||||
Textiles and Leather | |||||||||||||||||||||||
SHO Holding I Corporation^ | Senior loan | L + 5.00% | (c) | 7.34% | 10/2022 | 1,898 | 1,870 | 0.2 | 1,822 | ||||||||||||||
SHO Holding I Corporation | Senior loan | L + 4.00% | (a)(c) | 6.14% | 10/2021 | 15 | 15 | — | 12 | ||||||||||||||
1,913 | 1,885 | 0.2 | 1,834 | ||||||||||||||||||||
Utilities | |||||||||||||||||||||||
Arcos, LLC^ | One stop | L + 6.00% | (c) | 8.39% | 02/2021 | 3294 | 3276 | 0.4 | 3294 | ||||||||||||||
Arcos, LLC | One stop | L + 6.00% | N/A(6) | 02/2021 | 0 | 0 | — | 0 | |||||||||||||||
3,294 | 3,276 | 0.4 | 3,294 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Total non-controlled/non-affiliate company debt investments | $ | 1,607,290 | $ | 1,588,372 | 170.8 | % | $ | 1,593,211 | |||||||||||||||
Equity investments(11)(12) | |||||||||||||||||||||||
Aerospace and Defense | |||||||||||||||||||||||
Whitcraft LLC | Common stock | N/A | N/A | N/A | 7 | $ | 688 | 0.1 | % | $ | 1,121 | ||||||||||||
Automobile | |||||||||||||||||||||||
Grease Monkey International, LLC | LLC units | N/A | N/A | N/A | 448 | 448 | 0.1 | 648 | |||||||||||||||
Polk Acquisition Corp. | LP interest | N/A | N/A | N/A | 4 | 401 | — | 264 | |||||||||||||||
Quick Quack Car Wash Holdings, LLC | LLC units | N/A | N/A | N/A | — | 248 | — | 248 | |||||||||||||||
1,097 | 0.1 | 1,160 | |||||||||||||||||||||
Beverage, Food and Tobacco | |||||||||||||||||||||||
Cafe Rio Holding, Inc. | Common stock | N/A | N/A | N/A | 3 | 283 | — | 335 | |||||||||||||||
Global ID Corporation | LLC interest | N/A | N/A | N/A | 2 | 240 | — | 343 | |||||||||||||||
Hopdoddy Holdings, LLC | LLC units | N/A | N/A | N/A | 17 | 84 | — | 79 | |||||||||||||||
Hopdoddy Holdings, LLC | LLC units | N/A | N/A | N/A | 8 | 24 | — | 22 | |||||||||||||||
Mendocino Farms, LLC | Common stock | N/A | N/A | N/A | 157 | 690 | 0.1 | 690 | |||||||||||||||
Purfoods, LLC | LLC interest | N/A | N/A | N/A | 355 | 355 | 0.1 | 491 | |||||||||||||||
1,676 | 0.2 | 1,960 | |||||||||||||||||||||
Chemicals, Plastics and Rubber | |||||||||||||||||||||||
Flexan, LLC | Preferred stock | N/A | N/A | N/A | — | 40 | — | 32 | |||||||||||||||
Flexan, LLC | Common stock | N/A | N/A | N/A | — | — | — | — | |||||||||||||||
Inhance Technologies Holdings LLC | LLC units | N/A | N/A | N/A | — | 80 | — | 80 | |||||||||||||||
120 | — | 112 | |||||||||||||||||||||
Diversified/Conglomerate Manufacturing | |||||||||||||||||||||||
Inventus Power, Inc. | Preferred stock | N/A | N/A | N/A | — | 259 | — | — | |||||||||||||||
Inventus Power, Inc. | LLC units | N/A | N/A | N/A | — | 38 | — | 33 | |||||||||||||||
Inventus Power, Inc. | Common stock | N/A | N/A | N/A | — | — | — | — | |||||||||||||||
Reladyne, Inc. | LP interest | N/A | N/A | N/A | — | 242 | 0.1 | 484 | |||||||||||||||
539 | 0.1 | 517 | |||||||||||||||||||||
Diversified/Conglomerate Service | |||||||||||||||||||||||
Accela, Inc. | LLC units | N/A | N/A | N/A | 374 | 374 | 0.1 | 411 | |||||||||||||||
Agility Recovery Solutions Inc. | Preferred stock | N/A | N/A | N/A | 30 | 152 | — | 189 | |||||||||||||||
Apttus Corporation | Preferred stock | N/A | N/A | N/A | 21 | 319 | 0.1 | 431 | |||||||||||||||
Apttus Corporation | Warrant | N/A | N/A | N/A | 41 | 235 | — | 225 | |||||||||||||||
Centrify Corporation | LP interest | N/A | N/A | N/A | — | 400 | 0.1 | 400 | |||||||||||||||
Centrify Corporation | LP interest | N/A | N/A | N/A | 141 | — | — | — | |||||||||||||||
Cloudbees, Inc. | Preferred stock | N/A | N/A | N/A | 39 | 247 | — | 247 | |||||||||||||||
Cloudbees, Inc. | Warrant | N/A | N/A | N/A | 35 | 46 | — | 46 | |||||||||||||||
Confluence Technologies, Inc. | LLC interest | N/A | N/A | N/A | 1 | 106 | — | 122 | |||||||||||||||
Connexin Software, Inc. | LLC interest | N/A | N/A | N/A | 84 | 84 | — | 111 | |||||||||||||||
Digital Guardian, Inc. | Warrant | N/A | N/A | N/A | 67 | 11 | — | 11 | |||||||||||||||
GS Acquisitionco, Inc. | LP interest | N/A | N/A | N/A | 1 | 117 | — | 151 | |||||||||||||||
HealthcareSource HR, Inc. | LLC interest | N/A | N/A | N/A | — | 165 | — | 196 | |||||||||||||||
Host Analytics, Inc. | Warrant | N/A | N/A | N/A | 164 | 60 | — | 171 | |||||||||||||||
Jobvite, Inc. | Warrant | N/A | N/A | N/A | 86 | 56 | — | 56 | |||||||||||||||
Kareo, Inc. | Warrant | N/A | N/A | N/A | 29 | 203 | — | 2 | |||||||||||||||
Kareo, Inc. | Preferred stock | N/A | N/A | N/A | 1 | 5 | — | 6 | |||||||||||||||
Maverick Bidco Inc. | LLC units | N/A | N/A | N/A | 1 | 597 | 0.1 | 707 | |||||||||||||||
MMan Acquisition Co. | LP interest | N/A | N/A | N/A | 334 | 334 | — | 261 | |||||||||||||||
Net Health Acquisition Corp. | LP interest | N/A | N/A | N/A | — | 436 | 0.1 | 489 | |||||||||||||||
Nexus Brands Group, Inc. | LP interest | N/A | N/A | N/A | — | 172 | — | 195 | |||||||||||||||
Personify, Inc. | LLC units | N/A | N/A | N/A | 342 | 342 | — | 342 | |||||||||||||||
Project Alpha Intermediate Holding, Inc. | Common stock | N/A | N/A | N/A | — | 399 | 0.1 | 479 | |||||||||||||||
Project Alpha Intermediate Holding, Inc. | Common stock | N/A | N/A | N/A | 99 | 4 | — | 49 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | |||||||||||||||
Diversified/Conglomerate Service - (continued) | ||||||||||||||||||||||
Property Brands, Inc. | Preferred stock | N/A | N/A | N/A | 34 | $ | 345 | 0.1 | % | $ | 373 | |||||||||||
Quickbase, Inc. | Common stock | N/A | N/A | N/A | 615 | — | 0.1 | 1,052 | ||||||||||||||
Valant Medical Solutions, Inc. | Warrant | N/A | N/A | N/A | 6 | 86 | — | 65 | ||||||||||||||
Verisys Corporation | LLC interest | N/A | N/A | N/A | 318 | 318 | — | 291 | ||||||||||||||
Workforce Software, LLC | LLC units | N/A | N/A | N/A | 1,373 | 1,373 | 0.2 | 1,576 | ||||||||||||||
Xmatters, Inc. and Alarmpoint, Inc. | Preferred stock | N/A | N/A | N/A | 232 | 212 | — | 202 | ||||||||||||||
Xmatters, Inc. and Alarmpoint, Inc. | Warrant | N/A | N/A | N/A | 41 | 33 | — | 15 | ||||||||||||||
Xmatters, Inc. and Alarmpoint, Inc. | Preferred stock | N/A | N/A | N/A | 10 | 10 | — | 12 | ||||||||||||||
7,241 | 1.0 | 8,883 | ||||||||||||||||||||
Ecological | ||||||||||||||||||||||
Pace Analytical Services, LLC | Common stock | N/A | N/A | N/A | 3 | 302 | — | 278 | ||||||||||||||
Electronics | ||||||||||||||||||||||
Diligent Corporation(13) | Preferred stock | N/A | N/A | N/A | 359 | 4 | 0.2 | 1,328 | ||||||||||||||
SEI, Inc. | LLC units | N/A | N/A | N/A | 207 | 161 | 0.1 | 391 | ||||||||||||||
Sloan Company, Inc., The | LLC units | N/A | N/A | N/A | — | 74 | — | — | ||||||||||||||
Sloan Company, Inc., The | LLC units | N/A | N/A | N/A | 1 | 7 | — | — | ||||||||||||||
246 | 0.3 | 1,719 | ||||||||||||||||||||
Healthcare, Education and Childcare | ||||||||||||||||||||||
Active Day, Inc. | LLC interest | N/A | N/A | N/A | 1 | 529 | 0.1 | 384 | ||||||||||||||
Acuity Eyecare Holdings, LLC | LLC interest | N/A | N/A | N/A | 419 | 419 | 0.1 | 416 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | Preferred stock | N/A | N/A | N/A | 1 | 596 | 0.1 | 374 | ||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | Common stock | N/A | N/A | N/A | — | 6 | — | — | ||||||||||||||
BIORECLAMATIONIVT, LLC | LLC units | N/A | N/A | N/A | — | 360 | 0.1 | 589 | ||||||||||||||
DCA Investment Holding, LLC | LLC units | N/A | N/A | N/A | 5,253 | 525 | 0.1 | 653 | ||||||||||||||
DCA Investment Holding, LLC | LLC units | N/A | N/A | N/A | 53 | 5 | — | — | ||||||||||||||
Deca Dental Management LLC | LLC units | N/A | N/A | N/A | 651 | 651 | 0.1 | 782 | ||||||||||||||
Dental Holdings Corporation | LLC units | N/A | N/A | N/A | 394 | 370 | — | 326 | ||||||||||||||
Elite Dental Partners LLC | Common stock | N/A | N/A | N/A | — | 426 | 0.1 | 426 | ||||||||||||||
Encore GC Acquisition, LLC | LLC units | N/A | N/A | N/A | 8 | 81 | — | 107 | ||||||||||||||
Encore GC Acquisition, LLC | LLC units | N/A | N/A | N/A | 8 | — | — | 9 | ||||||||||||||
ERG Buyer, LLC | LLC units | N/A | N/A | N/A | — | 418 | 0.1 | 418 | ||||||||||||||
ERG Buyer, LLC | LLC units | N/A | N/A | N/A | 4 | 4 | — | 4 | ||||||||||||||
Eyecare Services Partners Holdings LLC | LLC units | N/A | N/A | N/A | — | 304 | — | 338 | ||||||||||||||
Eyecare Services Partners Holdings LLC | LLC units | N/A | N/A | N/A | — | 3 | — | 11 | ||||||||||||||
G & H Wire Company, Inc. | LLC interest | N/A | N/A | N/A | 187 | 188 | — | 154 | ||||||||||||||
Katena Holdings, Inc. | LLC units | N/A | N/A | N/A | — | 205 | — | 155 | ||||||||||||||
Lombart Brothers, Inc. | Common stock | N/A | N/A | N/A | 1 | 146 | — | 166 | ||||||||||||||
MD Now Holdings, Inc. | LLC units | N/A | N/A | N/A | 8 | 78 | — | 78 | ||||||||||||||
MWD Management, LLC & MWD Services, Inc. | LLC interest | N/A | N/A | N/A | 230 | 230 | — | 155 | ||||||||||||||
Oliver Street Dermatology Holdings, LLC | LLC units | N/A | N/A | N/A | 218 | 218 | — | 323 | ||||||||||||||
Pinnacle Treatment Centers, Inc. | Preferred stock | N/A | N/A | N/A | — | 226 | — | 262 | ||||||||||||||
Pinnacle Treatment Centers, Inc. | Common stock | N/A | N/A | N/A | 2 | 2 | — | 6 | ||||||||||||||
RXH Buyer Corporation | LP interest | N/A | N/A | N/A | 4 | 443 | — | 188 | ||||||||||||||
SLMP, LLC | LLC interest | N/A | N/A | N/A | 378 | 378 | 0.1 | 403 | ||||||||||||||
Summit Behavioral Healthcare, LLC | LLC interest | N/A | N/A | N/A | 1 | 86 | — | 93 | ||||||||||||||
Summit Behavioral Healthcare, LLC | LLC interest | N/A | N/A | N/A | 1 | — | — | 3 | ||||||||||||||
WHCG Management, LLC | LLC interest | N/A | N/A | N/A | — | 314 | — | 172 | ||||||||||||||
7,211 | 0.9 | 6,995 | ||||||||||||||||||||
Insurance | ||||||||||||||||||||||
Internet Pipeline, Inc. | Preferred stock | N/A | N/A | N/A | — | 154 | — | 211 | ||||||||||||||
Internet Pipeline, Inc. | Common stock | N/A | N/A | N/A | 93 | 2 | — | 369 | ||||||||||||||
156 | — | 580 | ||||||||||||||||||||
Leisure, Amusement, Motion Pictures, Entertainment | ||||||||||||||||||||||
PADI Holdco, Inc. | LLC units | N/A | N/A | N/A | 1 | 539 | 0.1 | 591 | ||||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 36 | 56 | — | 56 | ||||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 25 | 38 | — | 38 | ||||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 20 | 31 | — | 31 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Leisure, Amusement, Motion Pictures, Entertainment - (continued) | |||||||||||||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 18 | $ | 27 | — | % | $ | 27 | ||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 8 | 12 | — | 12 | |||||||||||||||
WBZ Investment LLC | LLC interest | N/A | N/A | N/A | 1 | 1 | — | 1 | |||||||||||||||
704 | 0.1 | 756 | |||||||||||||||||||||
Mining, Steel, Iron and Non-Precious Metals | |||||||||||||||||||||||
Benetech, Inc. | LLC interest | N/A | N/A | N/A | 2 | — | — | — | |||||||||||||||
Benetech, Inc. | LLC interest | N/A | N/A | N/A | 2 | — | — | 1 | |||||||||||||||
— | — | 1 | |||||||||||||||||||||
Personal and Non Durable Consumer Products (Mfg. Only) | |||||||||||||||||||||||
Georgica Pine Clothiers, LLC | LLC units | N/A | N/A | N/A | 9 | 91 | — | 151 | |||||||||||||||
Personal, Food and Miscellaneous Services | |||||||||||||||||||||||
Captain D's, LLC | LLC interest | N/A | N/A | N/A | 88 | 88 | — | 81 | |||||||||||||||
Clarkson Eyecare LLC | LLC units | N/A | N/A | N/A | — | 86 | — | 158 | |||||||||||||||
Community Veterinary Partners, LLC | Common stock | N/A | N/A | N/A | 2 | 210 | — | 266 | |||||||||||||||
PPV Intermediate Holdings II, LLC | LLC interest | N/A | N/A | N/A | 160 | 160 | — | 160 | |||||||||||||||
Ruby Slipper Cafe LLC, The | LLC units | N/A | N/A | N/A | 19 | 186 | — | 227 | |||||||||||||||
Southern Veterinary Partners, LLC | LLC units | N/A | N/A | N/A | — | 282 | 0.1 | 435 | |||||||||||||||
Southern Veterinary Partners, LLC | LLC units | N/A | N/A | N/A | 83 | 3 | — | 31 | |||||||||||||||
Veterinary Specialists of North America, LLC | LLC units | N/A | N/A | N/A | — | 56 | — | 97 | |||||||||||||||
Wetzel's Pretzels, LLC | Common stock | N/A | N/A | N/A | — | 149 | — | 206 | |||||||||||||||
1,220 | 0.1 | 1,661 | |||||||||||||||||||||
Printing and Publishing | |||||||||||||||||||||||
Brandmuscle, Inc. | LLC interest | N/A | N/A | N/A | — | 207 | — | 143 | |||||||||||||||
Retail Stores | |||||||||||||||||||||||
Batteries Plus Holding Corporation | LP interest | N/A | N/A | N/A | 5 | 505 | 0.1 | 778 | |||||||||||||||
Cycle Gear, Inc. | LLC units | N/A | N/A | N/A | 8 | 111 | — | 207 | |||||||||||||||
Elite Sportswear, L.P. | LLC interest | N/A | N/A | N/A | — | 74 | — | 16 | |||||||||||||||
Feeders Supply Company, LLC | Preferred stock | N/A | N/A | N/A | 2 | $ | 179 | — | $ | 224 | |||||||||||||
Feeders Supply Company, LLC | Common stock | N/A | N/A | N/A | — | $ | — | — | $ | 49 | |||||||||||||
Pet Holdings ULC(8)(10) | LP interest | N/A | N/A | N/A | 222 | 188 | — | 261 | |||||||||||||||
1,057 | 0.1 | 1,535 | |||||||||||||||||||||
Total non-controlled/non-affiliate company equity investments | $ | 22,555 | 3.0 | % | $ | 27,572 | |||||||||||||||||
Total non-controlled/non-affiliate company investments | $ | 1,607,290 | $ | 1,610,927 | 173.8 | % | $ | 1,620,783 | |||||||||||||||
Non-controlled affiliate company investments(14) | |||||||||||||||||||||||
Debt investments | |||||||||||||||||||||||
Diversified/Conglomerate Service | |||||||||||||||||||||||
Switchfly LLC(8) | One stop | P + 2.00% | (c)(f) | 7.25% | 04/2020 | $ | 3,067 | $ | 3,025 | 0.3 | % | $ | 2,761 | ||||||||||
Switchfly LLC(8) | One stop | P + 2.00% | (f) | 7.25% | 06/2018 | 256 | 256 | — | 230 | ||||||||||||||
Switchfly LLC(8) | One stop | P + 2.00% | (f) | 7.25% | 04/2020 | 17 | 16 | — | 15 | ||||||||||||||
Total non-controlled affiliate company debt investments | 3,340 | 3,297 | 0.3 | 3,006 | |||||||||||||||||||
Equity investments(11)(12) | |||||||||||||||||||||||
Diversified/Conglomerate Service | |||||||||||||||||||||||
Switchfly LLC(8) | LLC units | N/A | N/A | N/A | 542 | $ | 542 | 0.1 | % | $ | 710 | ||||||||||||
Total non-controlled/affiliate company equity investments | $ | 542 | 0.1 | % | $ | 710 | |||||||||||||||||
Total non-controlled/affiliate company investments | $ | 3,839 | 0.4 | % | $ | 3,716 | |||||||||||||||||
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (4) | ||||||||||||||||
Controlled affiliate company investments(15) | |||||||||||||||||||||||
Equity investments | |||||||||||||||||||||||
Investment Funds and Vehicles | |||||||||||||||||||||||
GCIC Senior Loan Fund LLC(8)(16) | LLC interest | N/A | N/A | N/A | 48,356 | $ | 48,356 | 5.4 | % | $ | 49,939 | ||||||||||||
Total controlled affiliate company equity investments | $ | 48,356 | 5.4 | % | $ | 49,939 | |||||||||||||||||
Total controlled affiliate company investments | $ | 48,356 | 5.4 | % | $ | 49,939 | |||||||||||||||||
Total investments | $ | 1,610,630 | $ | 1,663,122 | 179.3 | % | $ | 1,674,438 | |||||||||||||||
Cash, cash equivalents, foreign currencies and restricted cash and cash equivalents | |||||||||||||||||||||||
Cash, foreign currencies and restricted cash | $ | 37,848 | 4.1 | % | $ | 37,848 | |||||||||||||||||
BlackRock Liquidity Funds T-Fund Institutional Shares (CUSIP 09248U718) | 2.00% (17) | 668 | — | 668 | |||||||||||||||||||
Total cash, cash equivalents, foreign currencies and restricted cash and cash equivalents | $ | 38,516 | 4.1 | % | $ | 38,516 | |||||||||||||||||
Total investments and cash, cash equivalents, foreign currencies and restricted cash and cash equivalents | $ | 1,701,638 | 183.4 | % | $ | 1,712,954 |
^ | Denotes that all or a portion of the investment collateralizes the Credit Facility (as defined in Note 7). |
* | Denotes that all or a portion of the investment secures the notes offered in the GCIC 2016 Debt Securitization (as defined in Note 7). |
(1) | The majority of the investments bear interest at a rate that may be determined by reference to LIBOR, EURIBOR or Prime and which reset daily, monthly, quarterly, semiannually or annually. For each, the Company has provided the spread over LIBOR, EURIBOR or Prime and the weighted average current interest rate in effect as of September 30, 2018. Certain investments are subject to a LIBOR, EURIBOR or Prime interest rate floor. For fixed rate loans, a spread above a reference rate is not applicable. Listed below are the index rates as of |
(2) | For portfolio companies with multiple interest rate contracts, the interest rate shown is a weighted average current interest rate in effect as of |
(3) | The total principal amount is presented for debt investments while the number of shares or units owned is presented for equity investments. |
(4) | The fair value of the investment was valued using significant unobservable inputs. See Note 6. Fair Value Measurements. |
(5) | The negative fair value is the result of the capitalized discount on the loan or the unfunded commitment being valued below par. The negative amortized cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. |
(6) | The entire commitment was unfunded as of |
(7) | Loan was on non-accrual status as of |
(8) | The investment is treated as a non-qualifying asset under Section 55(a) of the |
(9) | Loan is denominated in foreign currency and is translated into U.S. dollars as of the valuation date or the date of the transaction. See Note 2. Significant Accounting Policies and Recent Accounting Updates - Foreign Currency Transactions. |
(10) |
The headquarters of this portfolio company is located in Canada. |
Equity investments are non-income producing securities unless otherwise noted. |
Ownership of certain equity investments may occur through a holding company or partnership. |
The Company holds an equity investment that entitles it to receive preferential dividends. |
(14) | As defined in the 1940 Act, the Company is deemed to be an "affiliated person" of the portfolio company as the Company owns five percent or more of the portfolio company's voting securities ("non-controlled affiliate"). Transactions related to investments in non-controlled affiliates for the year ended September 30, 2018 were as follows: |
Portfolio Company | Fair value as of September 30, 2017 | Purchases (cost)(h) | Redemptions (cost) | Transfer in (out) | Discount accretion | Net change in unrealized gain/(loss) | Fair value as of September 30, 2018 | Net realized gain/(loss) | Interest and fee income | Dividend income | ||||||||||||||||||||||||||||||
Switchfly LLC (i) | $ | — | $ | 338 | $ | — | $ | 2,829 | $ | 33 | $ | 516 | $ | 3,716 | $ | — | $ | 38 | $ | — | ||||||||||||||||||||
Total Controlled Affiliates | $ | — | $ | 338 | $ | — | $ | 2,829 | $ | 33 | $ | 516 | $ | 3,716 | $ | — | $ | 38 | $ | — |
Portfolio Company | Fair value as of September 30, 2017 | Purchases (cost) | Redemptions (cost) | Discount accretion | Net change in unrealized gain/(loss) | Fair value as of June 30, 2018 | Net realized gain/(loss) | Interest and fee income | Dividend income | Fair value as of September 30, 2017 | Purchases (cost) | Redemptions (cost) | Transfer in (out) | Discount accretion | Net change in unrealized gain/(loss) | Fair value as of September 30, 2018 | Net realized gain/(loss) | Interest and fee income | Dividend income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GCIC Senior Loan Fund LLC | $ | 50,104 | $ | 11,900 | $ | (9,406 | ) | $ | — | $ | 1,406 | $ | 54,004 | $ | — | $ | — | $ | 4,065 | $ | 50,104 | $ | 13,650 | $ | (15,094 | ) | $ | — | $ | — | $ | 1,279 | $ | 49,939 | $ | — | $ | — | $ | 5,647 | ||||||||||||||||||||||||||||||||||||
Total Controlled Affiliates | $ | 50,104 | $ | 11,900 | $ | (9,406 | ) | $ | — | $ | 1,406 | $ | 54,004 | $ | — | $ | — | $ | 4,065 | $ | 50,104 | $ | 13,650 | $ | (15,094 | ) | $ | — | $ | — | $ | 1,279 | $ | 49,939 | $ | — | $ | — | $ | 5,647 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Investments | ||||||||||||||||||||||||
Non-controlled/non-affiliate company investments | ||||||||||||||||||||||||
Debt investments | ||||||||||||||||||||||||
Aerospace and Defense | ||||||||||||||||||||||||
ILC Dover, LP | One stop | L + 9.00% | (a) | 8.24% cash/2.00% PIK | 03/2020 | $ | 2,355 | $ | 2,316 | 0.3 | % | $ | 2,355 | |||||||||||
ILC Dover, LP | One stop | L + 9.00% | (a)(c) | 8.24% cash/2.00% PIK | 03/2019 | 107 | 105 | — | 107 | |||||||||||||||
NTS Technical Systems* | One stop | L + 6.25% | (a) | 7.49% | 06/2021 | 3,250 | 3,205 | 0.5 | 3,250 | |||||||||||||||
NTS Technical Systems(4) | One stop | L + 6.25% | N/A(5) | 06/2021 | — | (11 | ) | — | — | |||||||||||||||
NTS Technical Systems(4) | One stop | L + 6.25% | N/A(5) | 06/2021 | — | (15 | ) | — | — | |||||||||||||||
Tresys Technology Holdings, Inc.(6) | One stop | L + 6.75% | (c) | 8.08% | 12/2017 | 53 | 28 | — | 16 | |||||||||||||||
Tresys Technology Holdings, Inc.(6) | One stop | L + 6.75% | (c) | 8.06% | 12/2017 | 9 | 9 | — | 9 | |||||||||||||||
Tronair Parent, Inc.# | Senior loan | L + 4.75% | (c)(e) | 6.06% | 09/2023 | 191 | 189 | — | 191 | |||||||||||||||
Tronair Parent, Inc. | Senior loan | L + 4.50% | (c) | 5.81% | 09/2021 | 32 | 31 | — | 31 | |||||||||||||||
Whitcraft LLC# | One stop | L + 6.25% | (c) | 7.58% | 04/2023 | 16,306 | 16,081 | 2.1 | 16,306 | |||||||||||||||
Whitcraft LLC | One stop | P + 5.25% | (e) | 9.50% | 04/2023 | 17 | 16 | — | 17 | |||||||||||||||
Whitcraft LLC(4) | One stop | L + 6.25% | N/A(5) | 04/2023 | — | (103 | ) | — | — | |||||||||||||||
22,320 | 21,851 | 2.9 | 22,282 | |||||||||||||||||||||
Automobile | ||||||||||||||||||||||||
Dent Wizard International Corporation* | Senior loan | L + 4.75% | (a) | 5.98% | 04/2020 | 2,183 | 2,171 | 0.3 | 2,183 | |||||||||||||||
OEConnection LLC#* | Senior loan | L + 5.00% | (c) | 6.33% | 06/2022 | 11,055 | 10,829 | 1.4 | 11,097 | |||||||||||||||
OEConnection LLC#* | Senior loan | L + 4.75% | (c) | 6.08% | 06/2023 | 5,853 | 5,797 | 0.8 | 5,815 | |||||||||||||||
OEConnection LLC(4) | Senior loan | L + 5.00% | N/A(5) | 06/2021 | — | (1 | ) | — | — | |||||||||||||||
Polk Acquisition Corp.* | Senior loan | L + 5.00% | (a) | 6.24% | 06/2022 | 4,805 | 4,786 | 0.6 | 4,708 | |||||||||||||||
T5 Merger Corporation#* | One stop | L + 6.25% | (a) | 7.49% | 03/2022 | 30,058 | 29,590 | 3.9 | 30,058 | |||||||||||||||
T5 Merger Corporation | One stop | L + 6.25% | (a) | 7.48% | 03/2022 | 3,496 | 3,465 | 0.5 | 3,496 | |||||||||||||||
T5 Merger Corporation | One stop | L + 6.25% | (a) | 7.48% | 03/2022 | 1,104 | 1,094 | 0.1 | 1,104 | |||||||||||||||
T5 Merger Corporation | One stop | L + 6.50% | (a) | 7.74% | 03/2022 | 8 | 6 | — | 8 | |||||||||||||||
58,562 | 57,737 | 7.6 | 58,469 | |||||||||||||||||||||
Beverage, Food and Tobacco | ||||||||||||||||||||||||
Abita Brewing Co., L.L.C.# | One stop | L + 5.75% | (a) | 6.99% | 04/2021 | 3,747 | 3,717 | 0.5 | 3,634 | |||||||||||||||
Abita Brewing Co., L.L.C.(4) | One stop | L + 5.75% | (c) | N/A(5) | 04/2021 | — | (1 | ) | — | (2 | ) | |||||||||||||
ABP Corporation* | Senior loan | L + 4.75% | (c) | 6.07% | 09/2018 | 598 | 598 | 0.1 | 598 | |||||||||||||||
ABP Corporation | Senior loan | P + 3.50% | (e) | 7.75% | 09/2018 | 43 | 43 | — | 43 | |||||||||||||||
Benihana, Inc.#* | One stop | L + 7.00% | (a)(c) | 8.32% | 01/2019 | 319 | 319 | 0.1 | 316 | |||||||||||||||
Benihana, Inc. | One stop | L + 7.00% | (c)(e) | 9.16% | 07/2018 | 34 | 34 | — | 34 | |||||||||||||||
C. J. Foods, Inc.#* | One stop | L + 6.25% | (c) | 7.58% | 05/2019 | 12,670 | 12,610 | 1.7 | 12,670 | |||||||||||||||
C. J. Foods, Inc. | One stop | L + 6.25% | (c) | 7.58% | 05/2019 | 1,597 | 1,594 | 0.2 | 1,597 | |||||||||||||||
C. J. Foods, Inc. | One stop | L + 6.25% | (c) | 7.56% | 05/2019 | 315 | 312 | 0.1 | 315 | |||||||||||||||
Cafe Rio Holding, Inc.# | One stop | L + 5.75% | (c) | 7.08% | 09/2023 | 8,711 | 8,560 | 1.1 | 8,624 | |||||||||||||||
Cafe Rio Holding, Inc.(4) | One stop | L + 5.75% | N/A(5) | 09/2023 | — | (2 | ) | — | (1 | ) | ||||||||||||||
Cafe Rio Holding, Inc.(4) | One stop | L + 5.75% | N/A(5) | 09/2023 | — | (85 | ) | — | (49 | ) | ||||||||||||||
Firebirds International, LLC* | One stop | L + 5.75% | (c) | 7.06% | 05/2018 | 3,296 | 3,289 | 0.4 | 3,296 | |||||||||||||||
Firebirds International, LLC* | One stop | L + 5.75% | (c) | 7.06% | 05/2018 | 926 | 924 | 0.1 | 926 | |||||||||||||||
Firebirds International, LLC* | One stop | L + 5.75% | (c) | 7.06% | 12/2018 | 298 | 297 | — | 298 | |||||||||||||||
Firebirds International, LLC(4) | One stop | L + 5.75% | N/A(5) | 05/2018 | — | (1 | ) | — | — | |||||||||||||||
Firebirds International, LLC(4) | One stop | L + 5.75% | N/A(5) | 12/2018 | — | (4 | ) | — | — | |||||||||||||||
FWR Holding Corporation* | One stop | L + 6.00% | (c) | 7.40% | 08/2023 | 4,079 | 4,019 | 0.5 | 4,038 | |||||||||||||||
FWR Holding Corporation | One stop | L + 6.00% | (a)(c) | 7.28% | 08/2023 | 18 | 17 | — | 18 | |||||||||||||||
FWR Holding Corporation(4) | One stop | L + 6.00% | N/A(5) | 08/2023 | — | (42 | ) | — | (29 | ) | ||||||||||||||
Global Franchise Group, LLC* | Senior loan | L + 5.75% | (c) | 7.07% | 12/2019 | 4,473 | 4,429 | 0.6 | 4,428 | |||||||||||||||
Global Franchise Group, LLC | Senior loan | L + 5.75% | N/A(5) | 12/2019 | — | — | — | — | ||||||||||||||||
Hopdoddy Holdings, LLC | One stop | L + 8.00% | (a) | 9.24% | 08/2020 | 421 | 419 | 0.1 | 421 | |||||||||||||||
Hopdoddy Holdings, LLC | One stop | L + 8.00% | (a) | 9.24% | 08/2020 | 172 | 171 | — | 172 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Beverage, Food and Tobacco - (continued) | ||||||||||||||||||||||||
Hopdoddy Holdings, LLC | One stop | L + 8.00% | N/A(5) | 08/2020 | $ | — | $ | — | — | % | $ | — | ||||||||||||
Julio & Sons Company* | One stop | L + 5.50% | (a)(e) | 6.74% | 12/2018 | 936 | 933 | 0.1 | 936 | |||||||||||||||
Julio & Sons Company | One stop | L + 5.50% | (a)(e) | 6.74% | 12/2018 | 308 | 308 | 0.1 | 308 | |||||||||||||||
Julio & Sons Company | One stop | L + 5.50% | (a)(e) | 6.74% | 12/2018 | 114 | 113 | — | 114 | |||||||||||||||
Julio & Sons Company(4) | One stop | L + 5.50% | N/A(5) | 12/2018 | — | (2 | ) | — | — | |||||||||||||||
Mid-America Pet Food, L.L.C.# | One stop | L + 5.50% | (c) | 6.83% | 12/2021 | 6,395 | 6,314 | 0.8 | 6,395 | |||||||||||||||
Mid-America Pet Food, L.L.C.(4) | One stop | L + 5.50% | N/A(5) | 12/2021 | — | (1 | ) | — | — | |||||||||||||||
NBC Intermediate, LLC # | Senior loan | L + 4.50% | (a) | 5.74% | 09/2023 | 2,899 | 2,870 | 0.4 | 2,870 | |||||||||||||||
NBC Intermediate, LLC | Senior loan | L + 4.50% | N/A(5) | 09/2023 | — | — | — | — | ||||||||||||||||
P&P Food Safety US Acquisition, Inc.# | One stop | L + 6.50% | (c) | 7.82% | 11/2021 | 4,092 | 4,050 | 0.5 | 4,092 | |||||||||||||||
P&P Food Safety US Acquisition, Inc. | One stop | P + 5.25% | (e) | 9.50% | 11/2021 | 13 | 13 | — | 13 | |||||||||||||||
Purfoods, LLC#* | One stop | L + 6.25% | (c) | 7.57% | 05/2021 | 7,967 | 7,880 | 1.0 | 7,967 | |||||||||||||||
Purfoods, LLC | One stop | N/A | 7.00% PIK | 05/2026 | 101 | 101 | — | 104 | ||||||||||||||||
Purfoods, LLC | One stop | L + 6.25% | (a)(c) | 7.55% | 05/2021 | 70 | 69 | — | 70 | |||||||||||||||
Purfoods, LLC | One stop | L + 6.25% | (c) | 7.58% | 05/2021 | 15 | 15 | — | 15 | |||||||||||||||
Purfoods, LLC | One stop | L + 6.25% | (a) | 7.49% | 05/2021 | 15 | 15 | — | 15 | |||||||||||||||
Purfoods, LLC | One stop | L + 6.25% | (c) | 7.58% | 05/2021 | 14 | 14 | — | 14 | |||||||||||||||
Purfoods, LLC | One stop | L + 6.25% | (c) | 7.58% | 05/2021 | 11 | 10 | — | 11 | |||||||||||||||
Purfoods, LLC | One stop | L + 6.25% | (c) | 7.58% | 05/2021 | 10 | 10 | — | 10 | |||||||||||||||
Smashburger Finance LLC* | Senior loan | L + 5.50% | (c) | 6.83% | 05/2018 | 482 | 482 | 0.1 | 420 | |||||||||||||||
Smashburger Finance LLC(4) | Senior loan | L + 5.50% | N/A(5) | 05/2018 | — | (5 | ) | — | — | |||||||||||||||
Surfside Coffee Company LLC* | One stop | L + 5.25% | (c) | 6.58% | 06/2020 | 2,327 | 2,314 | 0.3 | 2,327 | |||||||||||||||
Surfside Coffee Company LLC | One stop | L + 5.25% | (c) | 6.58% | 06/2020 | 176 | 175 | — | 176 | |||||||||||||||
Surfside Coffee Company LLC | One stop | L + 5.25% | (c) | 6.57% | 06/2020 | 30 | 30 | — | 30 | |||||||||||||||
Tate's Bake Shop, Inc.* | Senior loan | L + 5.00% | (c) | 6.33% | 08/2019 | 142 | 142 | — | 142 | |||||||||||||||
Uinta Brewing Company# | One stop | L + 8.50% | (a) | 9.74% | 08/2019 | 900 | 900 | 0.1 | 873 | |||||||||||||||
Uinta Brewing Company | One stop | L + 8.50% | (a) | 9.74% | 08/2019 | 130 | 129 | — | 125 | |||||||||||||||
68,864 | 68,096 | 8.9 | 68,374 | |||||||||||||||||||||
Broadcasting and Entertainment | ||||||||||||||||||||||||
TouchTunes Interactive Networks, Inc.* | Senior loan | L + 4.75% | (a) | 5.99% | 05/2021 | 690 | 688 | 0.1 | 694 | |||||||||||||||
Building and Real Estate | ||||||||||||||||||||||||
Brooks Equipment Company, LLC* | One stop | L + 5.00% | (b)(c) | 6.32% | 08/2020 | 5,835 | 5,835 | 0.8 | 5,835 | |||||||||||||||
Brooks Equipment Company, LLC* | One stop | L + 5.00% | (c) | 6.32% | 08/2020 | 1,442 | 1,433 | 0.2 | 1,442 | |||||||||||||||
Brooks Equipment Company, LLC | One stop | L + 5.00% | (a) | 6.24% | 08/2020 | 238 | 238 | — | 238 | |||||||||||||||
Jensen Hughes, Inc.# | Senior loan | L + 5.00% | 6.45% | 12/2021 | 132 | 131 | — | 132 | ||||||||||||||||
MRI Software LLC#* | One stop | L + 6.00% | (c) | 7.33% | 06/2023 | 18,829 | 18,513 | 2.4 | 18,641 | |||||||||||||||
MRI Software LLC# | One stop | L + 6.00% | (c) | 7.33% | 06/2023 | 17,435 | 17,261 | 2.2 | 17,261 | |||||||||||||||
MRI Software LLC | One stop | L + 6.00% | (c) | 7.32% | 06/2023 | 3,130 | 3,115 | 0.4 | 3,099 | |||||||||||||||
MRI Software LLC(4) | One stop | L + 6.00% | N/A(5) | 06/2023 | — | (3 | ) | — | (2 | ) | ||||||||||||||
MRI Software LLC(4) | One stop | L + 6.00% | (c) | N/A(5) | 06/2023 | — | (150 | ) | — | (94 | ) | |||||||||||||
Paradigm DKD Group, LLC# | Senior loan | L + 4.75% | (c) | 6.20% | 11/2018 | 2,137 | 2,123 | 0.3 | 2,137 | |||||||||||||||
Paradigm DKD Group, LLC | Senior loan | L + 4.75% | (c)(e) | 6.18% | 11/2018 | 644 | 639 | 0.1 | 644 | |||||||||||||||
49,822 | 49,135 | 6.4 | 49,333 | |||||||||||||||||||||
Chemicals, Plastics and Rubber | ||||||||||||||||||||||||
Flexan, LLC* | One stop | L + 5.75% | (c) | 7.08% | 02/2020 | 1,041 | 1,034 | 0.1 | 1,041 | |||||||||||||||
Flexan, LLC | One stop | P + 4.50% | (e) | 8.75% | 02/2020 | 2 | 1 | — | 2 | |||||||||||||||
1,043 | 1,035 | 0.1 | 1,043 | |||||||||||||||||||||
Diversified/Conglomerate Manufacturing | ||||||||||||||||||||||||
Chase Industries, Inc.#* | One stop | L + 5.75% | (c) | 7.05% | 09/2020 | 13,409 | 13,341 | 1.8 | 13,409 | |||||||||||||||
Chase Industries, Inc.* | One stop | L + 5.75% | (c) | 7.05% | 09/2020 | 1,541 | 1,541 | 0.2 | 1,541 | |||||||||||||||
Chase Industries, Inc. | One stop | L + 5.75% | (a) | 6.99% | 09/2020 | 105 | 105 | — | 105 | |||||||||||||||
Inventus Power, Inc.# | One stop | L + 6.50% | (a) | 7.74% | 04/2020 | 10,147 | 10,088 | 1.2 | 9,132 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Diversified/Conglomerate Manufacturing - (continued) | ||||||||||||||||||||||||
Inventus Power, Inc. | One stop | L + 6.50% | (a) | 7.74% | 04/2020 | $ | 312 | $ | 309 | — | % | $ | 247 | |||||||||||
Onicon Incorporated* | One stop | L + 6.00% | (c) | 7.33% | 04/2020 | 176 | 175 | — | 176 | |||||||||||||||
Onicon Incorporated | One stop | L + 6.00% | N/A(5) | 04/2020 | — | — | — | — | ||||||||||||||||
PetroChoice Holdings, Inc.* | Senior loan | L + 5.00% | (b) | 6.28% | 08/2022 | 1,628 | 1,590 | 0.2 | 1,628 | |||||||||||||||
Reladyne, Inc.#* | Senior loan | L + 5.00% | (a) | 6.24% | 07/2022 | 16,836 | 16,599 | 2.2 | 16,668 | |||||||||||||||
Reladyne, Inc.(4) | Senior loan | L + 5.00% | N/A(5) | 07/2022 | — | (21 | ) | — | (17 | ) | ||||||||||||||
Reladyne, Inc.(4) | Senior loan | L + 5.00% | N/A(5) | 07/2022 | — | (52 | ) | — | (54 | ) | ||||||||||||||
Sunless Merger Sub, Inc.# | Senior loan | L + 5.00% | (a)(e) | 6.27% | 07/2019 | 289 | 260 | — | 289 | |||||||||||||||
Sunless Merger Sub, Inc. | Senior loan | P + 3.75% | (e) | 8.00% | 07/2019 | 65 | 63 | — | 65 | |||||||||||||||
44,508 | 43,998 | 5.6 | 43,189 | |||||||||||||||||||||
Diversified/Conglomerate Service | ||||||||||||||||||||||||
Accela, Inc.# | One stop | L + 6.25% | (c) | 7.58% | 09/2023 | 7,401 | 7,291 | 0.9 | 7,327 | |||||||||||||||
Accela, Inc. | One stop | P + 5.25% | (e) | 9.50% | 09/2023 | 1 | — | — | 1 | |||||||||||||||
Actiance, Inc. | One stop | L + 9.00% | (a) | 10.24% | 10/2019 | 1,918 | 1,869 | 0.2 | 1,918 | |||||||||||||||
Actiance, Inc. | One stop | L + 9.00% | (a) | 10.24% | 10/2019 | 20 | 20 | — | 20 | |||||||||||||||
Agility Recovery Solutions Inc.* | One stop | L + 6.50% | (c) | 7.81% | 03/2020 | 6,205 | 6,159 | 0.8 | 6,205 | |||||||||||||||
Agility Recovery Solutions Inc.(4) | One stop | L + 6.50% | N/A(5) | 03/2020 | — | (2 | ) | — | — | |||||||||||||||
Anaqua, Inc.# | One stop | L + 6.50% | (c) | 7.81% | 07/2022 | 8,940 | 8,811 | 1.2 | 8,850 | |||||||||||||||
Anaqua, Inc.(4) | One stop | L + 6.50% | N/A(5) | 07/2022 | — | (1 | ) | — | (1 | ) | ||||||||||||||
Bomgar Corporation#* | One stop | L + 7.50% | (c) | 8.83% | 06/2022 | 28,354 | 27,904 | 3.7 | 28,354 | |||||||||||||||
Bomgar Corporation(4) | One stop | L + 7.50% | N/A(5) | 06/2022 | — | (2 | ) | — | — | |||||||||||||||
Clearwater Analytics, LLC#* | One stop | L + 7.50% | (a) | 8.74% | 09/2022 | 8,913 | 8,784 | 1.2 | 8,913 | |||||||||||||||
Clearwater Analytics, LLC | One stop | L + 7.50% | (a) | 8.74% | 09/2022 | 10 | 8 | — | 10 | |||||||||||||||
Daxko Acquisition Corporation# | One stop | L + 6.50% | (a) | 7.74% | 09/2022 | 8,403 | 8,298 | 1.1 | 8,403 | |||||||||||||||
Daxko Acquisition Corporation | One stop | L + 6.50% | N/A(5) | 09/2022 | — | — | — | — | ||||||||||||||||
DISA Holdings Acquisition Subsidiary Corp.* | Senior loan | L + 4.25% | (c) | 5.55% | 12/2020 | 1,324 | 1,316 | 0.2 | 1,324 | |||||||||||||||
DISA Holdings Acquisition Subsidiary Corp.# | Senior loan | L + 4.25% | (c) | 5.57% | 12/2020 | 129 | 128 | — | 129 | |||||||||||||||
DISA Holdings Acquisition Subsidiary Corp.(4) | Senior loan | L + 4.25% | N/A(5) | 12/2020 | — | (2 | ) | — | — | |||||||||||||||
EGD Security Systems, LLC#* | One stop | L + 6.25% | (c) | 7.55% | 06/2022 | 10,372 | 10,270 | 1.4 | 10,372 | |||||||||||||||
EGD Security Systems, LLC* | One stop | L + 6.25% | (a) | 7.49% | 06/2022 | 98 | 97 | — | 98 | |||||||||||||||
EGD Security Systems, LLC | One stop | L + 6.25% | (c) | 7.55% | 06/2022 | 35 | 34 | — | 35 | |||||||||||||||
EGD Security Systems, LLC(4) | One stop | L + 6.25% | N/A(5) | 06/2022 | — | (1 | ) | — | — | |||||||||||||||
HealthcareSource HR, Inc.#* | One stop | L + 6.75% | (c) | 8.08% | 05/2020 | 9,790 | 9,685 | 1.3 | 9,790 | |||||||||||||||
HealthcareSource HR, Inc.(4) | One stop | L + 6.75% | N/A(5) | 05/2020 | — | (1 | ) | — | — | |||||||||||||||
Host Analytics, Inc. | One stop | N/A | 8.50% cash/2.25% PIK | 08/2021 | 1,381 | 1,368 | 0.2 | 1,381 | ||||||||||||||||
Host Analytics, Inc. | One stop | N/A | 8.50% cash/2.25% PIK | 08/2021 | 1,157 | 1,101 | 0.2 | 1,157 | ||||||||||||||||
Host Analytics, Inc.(4) | One stop | N/A | N/A(5) | 08/2021 | — | (3 | ) | — | — | |||||||||||||||
III US Holdings, LLC(4) | One stop | L + 6.50% | N/A(5) | 09/2022 | — | (1 | ) | — | — | |||||||||||||||
Integration Appliance, Inc. | One stop | L + 8.25% | (c) | 9.57% | 09/2020 | 1,550 | 1,540 | 0.2 | 1,550 | |||||||||||||||
Integration Appliance, Inc. | One stop | L + 8.25% | (c) | 9.57% | 09/2020 | 124 | 123 | — | 124 | |||||||||||||||
Integration Appliance, Inc. | One stop | L + 8.25% | (c) | 9.57% | 09/2020 | 25 | 25 | — | 25 | |||||||||||||||
Maverick Bidco Inc.# | One stop | L + 6.25% | (c) | 7.56% | 04/2023 | 23,041 | 22,606 | 3.0 | 23,041 | |||||||||||||||
Maverick Bidco Inc. | One stop | L + 6.25% | (c) | 7.57% | 04/2023 | 27 | 25 | — | 27 | |||||||||||||||
Maverick Bidco Inc.(4) | One stop | L + 6.25% | N/A(5) | 04/2023 | — | (31 | ) | — | — | |||||||||||||||
MMan Acquisition Co.# | One stop | L + 6.00% | (b) | 7.26% | 08/2023 | 12,513 | 12,330 | 1.6 | 12,388 | |||||||||||||||
MMan Acquisition Co. | One stop | L + 6.00% | (c) | 7.33% | 08/2023 | 10 | 9 | — | 9 | |||||||||||||||
Netsmart Technologies, Inc.# | Senior loan | L + 4.50% | (c) | 5.83% | 04/2023 | 1,633 | 1,620 | 0.2 | 1,655 | |||||||||||||||
Netsmart Technologies, Inc.(4) | Senior loan | L + 4.75% | N/A(5) | 04/2023 | — | (8 | ) | — | — | |||||||||||||||
PT Intermediate Holdings III, LLC#* | One stop | L + 6.50% | (a) | 7.74% | 06/2022 | 23,273 | 22,997 | 3.0 | 23,273 | |||||||||||||||
PT Intermediate Holdings III, LLC# | One stop | L + 6.50% | (a) | 7.74% | 06/2022 | 2,298 | 2,278 | 0.3 | 2,298 | |||||||||||||||
PT Intermediate Holdings III, LLC | One stop | L + 6.50% | (a)(e) | 7.90% | 06/2022 | 200 | 197 | — | 200 | |||||||||||||||
Quickbase, Inc.# | One stop | L + 7.50% | (c) | 8.83% | 04/2022 | 20,977 | 20,646 | 2.7 | 20,977 | |||||||||||||||
Quickbase, Inc.(4) | One stop | L + 7.50% | N/A(5) | 04/2022 | — | (2 | ) | — | — |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Diversified/Conglomerate Service - (continued) | ||||||||||||||||||||||||
Saba Software, Inc.# | One stop | L + 5.50% | (a) | 6.74% | 05/2023 | $ | 26,505 | $ | 26,074 | 3.5 | % | $ | 26,505 | |||||||||||
Saba Software, Inc.(4) | One stop | L + 5.50% | N/A(5) | 05/2023 | — | (2 | ) | — | — | |||||||||||||||
Saldon Holdings, Inc.* | Senior loan | L + 4.50% | (a)(b) | 5.77% | 09/2022 | 647 | 639 | 0.1 | 639 | |||||||||||||||
Secure-24, LLC* | One stop | L + 5.00% | (c) | 6.33% | 08/2019 | 1,792 | 1,783 | 0.2 | 1,792 | |||||||||||||||
Secure-24, LLC | One stop | L + 5.00% | N/A(5) | 08/2019 | — | — | — | — | ||||||||||||||||
Severin Acquisition, LLC# | Senior loan | L + 4.75% | (a) | 5.99% | 07/2021 | 8,546 | 8,437 | 1.1 | 8,505 | |||||||||||||||
Severin Acquisition, LLC# | Senior loan | L + 5.38% | (a) | 6.62% | 07/2021 | 1,427 | 1,411 | 0.2 | 1,450 | |||||||||||||||
Severin Acquisition, LLC# | Senior loan | L + 5.00% | (a) | 6.24% | 07/2021 | 1,271 | 1,256 | 0.2 | 1,275 | |||||||||||||||
Severin Acquisition, LLC# | Senior loan | L + 5.38% | (a) | 6.62% | 07/2021 | 971 | 960 | 0.1 | 987 | |||||||||||||||
Severin Acquisition, LLC* | Senior loan | L + 4.88% | (a) | 6.12% | 07/2021 | 313 | 310 | — | 313 | |||||||||||||||
Severin Acquisition, LLC(4) | Senior loan | L + 4.75% | N/A(5) | 07/2021 | — | (7 | ) | — | — | |||||||||||||||
Switchfly, Inc. | One stop | L + 10.00% | (c) | 9.80% cash/1.50% PIK | 04/2020 | 3,204 | 3,082 | 0.4 | 3,204 | |||||||||||||||
Switchfly, Inc. | One stop | L + 10.00% | N/A(5) | 04/2020 | — | — | — | — | ||||||||||||||||
Telesoft, LLC# | One stop | L + 5.50% | (c) | 6.81% | 07/2022 | 5,339 | 5,288 | 0.7 | 5,286 | |||||||||||||||
Telesoft, LLC(4) | One stop | L + 5.50% | N/A(5) | 07/2022 | — | (1 | ) | — | (1 | ) | ||||||||||||||
Trintech, Inc.#* | One stop | L + 6.00% | (c) | 7.31% | 10/2021 | 9,736 | 9,648 | 1.3 | 9,736 | |||||||||||||||
Trintech, Inc. | One stop | L + 6.00% | N/A(5) | 10/2021 | — | — | — | — | ||||||||||||||||
Vendavo, Inc. | One stop | L + 8.50% | (c) | 9.80% | 10/2019 | 4,331 | 4,307 | 0.6 | 4,331 | |||||||||||||||
Vendavo, Inc.(4) | One stop | L + 8.50% | N/A(5) | 10/2019 | — | (2 | ) | — | — | |||||||||||||||
Vendor Credentialing Service LLC#* | One stop | L + 6.00% | (a) | 7.24% | 11/2021 | 7,631 | 7,546 | 1.0 | 7,631 | |||||||||||||||
Vendor Credentialing Service LLC(4) | One stop | L + 6.00% | N/A(5) | 11/2021 | — | (1 | ) | — | — | |||||||||||||||
Verisys Corporation# | One stop | L + 6.75% | (c) | 8.08% | 01/2023 | 4,805 | 4,741 | 0.6 | 4,805 | |||||||||||||||
Verisys Corporation(4) | One stop | L + 6.75% | N/A(5) | 01/2023 | — | (1 | ) | — | — | |||||||||||||||
Workforce Software, LLC | One stop | L + 10.50% | (c) | 4.80% cash/7.00% PIK | 06/2021 | 22,905 | 22,788 | 3.0 | 22,905 | |||||||||||||||
Workforce Software, LLC | One stop | L + 10.50% | (c) | 4.80% cash/7.00% PIK | 06/2021 | 50 | 50 | — | 50 | |||||||||||||||
Xmatters, Inc. and Alarmpoint, Inc. | One stop | L + 9.25% | (a) | 9.74% cash/0.75% PIK | 08/2021 | 4,662 | 4,595 | 0.6 | 4,662 | |||||||||||||||
Xmatters, Inc. and Alarmpoint, Inc. | One stop | L + 9.25% | (a) | 9.74% cash/0.75% PIK | 08/2021 | 20 | 20 | — | 20 | |||||||||||||||
284,277 | 280,406 | 37.0 | 283,948 | |||||||||||||||||||||
Ecological | ||||||||||||||||||||||||
Pace Analytical Services, LLC#* | One stop | L + 6.00% | (a) | 7.24% | 09/2022 | 15,220 | 14,998 | 2.0 | 15,220 | |||||||||||||||
Pace Analytical Services, LLC# | One stop | L + 6.00% | (a) | 7.24% | 09/2022 | 1,415 | 1,395 | 0.2 | 1,415 | |||||||||||||||
Pace Analytical Services, LLC | One stop | L + 6.00% | (a) | 7.24% | 09/2022 | 349 | 344 | — | 349 | |||||||||||||||
Pace Analytical Services, LLC | One stop | L + 6.00% | (a) | 7.24% | 09/2022 | 25 | 24 | — | 25 | |||||||||||||||
Pace Analytical Services, LLC(4) | One stop | L + 6.00% | N/A(5) | 09/2022 | — | (48 | ) | — | — | |||||||||||||||
WRE Holding Corp.# | Senior loan | L + 4.75% | (a) | 5.99% | 01/2023 | 1,322 | 1,308 | 0.2 | 1,322 | |||||||||||||||
WRE Holding Corp. | Senior loan | L + 4.75% | (a)(c) | 6.00% | 01/2023 | 7 | 7 | — | 7 | |||||||||||||||
WRE Holding Corp.(4) | Senior loan | L + 4.75% | N/A(5) | 01/2023 | — | (3 | ) | — | — | |||||||||||||||
WRE Holding Corp.(4) | Senior loan | L + 4.75% | N/A(5) | 01/2023 | — | (23 | ) | — | — | |||||||||||||||
18,338 | 18,002 | 2.4 | 18,338 | |||||||||||||||||||||
Electronics | ||||||||||||||||||||||||
Appriss Holdings, Inc.#* | Senior loan | L + 5.25% | (c) | 6.58% | 11/2020 | 10,219 | 10,145 | 1.3 | 10,219 | |||||||||||||||
Appriss Holdings, Inc. | Senior loan | L + 5.25% | (b) | 6.53% | 11/2020 | 896 | 888 | 0.1 | 896 | |||||||||||||||
Compusearch Software Holdings, Inc.* | Senior loan | L + 4.25% | (c) | 5.58% | 05/2021 | 837 | 836 | 0.1 | 837 | |||||||||||||||
Diligent Corporation#* | One stop | L + 6.25% | (c) | 7.58% | 04/2022 | 31,699 | 31,017 | 4.1 | 31,699 | |||||||||||||||
Diligent Corporation#* | One stop | L + 6.25% | (c) | 7.58% | 04/2022 | 8,890 | 8,757 | 1.2 | 8,890 | |||||||||||||||
Diligent Corporation# | One stop | L + 6.25% | (c) | 7.58% | 04/2022 | 7,865 | 7,757 | 1.0 | 7,865 | |||||||||||||||
Diligent Corporation(4) | One stop | L + 6.25% | N/A(5) | 04/2022 | — | (2 | ) | — | — | |||||||||||||||
Gamma Technologies, LLC* | One stop | L + 4.75% | (a) | 5.99% | 06/2021 | 4,937 | 4,906 | 0.6 | 4,937 | |||||||||||||||
Gamma Technologies, LLC(4) | One stop | L + 5.00% | N/A(5) | 06/2021 | — | (1 | ) | — | — | |||||||||||||||
LD Intermediate Holdings, Inc.* | Senior loan | L + 5.88% | (c) | 7.19% | 12/2022 | 2,879 | 2,678 | 0.4 | 2,710 | |||||||||||||||
Park Place Technologies LLC. | Senior loan | L + 5.00% | (c) | 6.33% | 06/2022 | 12,159 | 12,045 | 1.6 | 12,037 | |||||||||||||||
Park Place Technologies LLC(4) | One stop | L + 5.00% | (c) | N/A(5) | 06/2022 | — | (2 | ) | — | (2 | ) | |||||||||||||
SEI, Inc.# | Senior loan | L + 4.75% | (a) | 5.99% | 07/2021 | 3,156 | 3,128 | 0.4 | 3,156 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Electronics - (continued) | ||||||||||||||||||||||||
Sloan Company, Inc., The# | One stop | L + 7.25% | (c) | 8.58% | 04/2020 | $ | 3,590 | $ | 3,554 | 0.5 | % | $ | 3,410 | |||||||||||
Sloan Company, Inc., The | One stop | L + 7.25% | (c) | 8.57% | 04/2020 | 32 | 32 | — | 30 | |||||||||||||||
Sovos Compliance#* | One stop | L + 6.00% | (a) | 7.24% | 03/2022 | 32,422 | 31,939 | 4.2 | 32,097 | |||||||||||||||
Sovos Compliance Formerly Taxware, LLC* | One stop | L + 6.00% | (a) | 7.24% | 03/2022 | 5,427 | 5,348 | 0.7 | 5,373 | |||||||||||||||
Sovos Compliance Formerly Taxware, LLC | One stop | L + 6.00% | N/A(5) | 03/2022 | — | — | — | — | ||||||||||||||||
Sovos Compliance(4) | One stop | L + 6.00% | N/A(5) | 03/2022 | — | (2 | ) | — | (1 | ) | ||||||||||||||
125,008 | 123,023 | 16.2 | 124,153 | |||||||||||||||||||||
Grocery | ||||||||||||||||||||||||
Teasdale Quality Foods, Inc.* | Senior loan | L + 4.75% | (c) | 6.05% | 10/2020 | 124 | 123 | — | 124 | |||||||||||||||
Healthcare, Education and Childcare | ||||||||||||||||||||||||
Active Day, Inc.#* | One stop | L + 6.00% | (a) | 7.24% | 12/2021 | 11,525 | 11,383 | 1.5 | 11,525 | |||||||||||||||
Active Day, Inc.* | One stop | L + 6.00% | (a) | 7.24% | 12/2021 | 889 | 883 | 0.1 | 889 | |||||||||||||||
Active Day, Inc. | One stop | L + 6.00% | (a) | 7.24% | 12/2021 | 573 | 570 | 0.1 | 573 | |||||||||||||||
Active Day, Inc. | One stop | L + 6.00% | (a) | 7.24% | 12/2021 | 396 | 393 | 0.1 | 396 | |||||||||||||||
Active Day, Inc.(4) | One stop | L + 6.00% | N/A(5) | 12/2021 | — | (1 | ) | — | — | |||||||||||||||
Active Day, Inc.(4) | One stop | L + 6.00% | (a) | N/A(5) | 12/2021 | — | (12 | ) | — | — | ||||||||||||||
Acuity Eyecare Holdings, LLC# | One stop | L + 6.75% | (b)(c) | 8.04% | 03/2022 | 4,829 | 4,764 | 0.6 | 4,829 | |||||||||||||||
Acuity Eyecare Holdings, LLC | One stop | L + 6.75% | (c) | 8.06% | 03/2022 | 809 | 766 | 0.1 | 809 | |||||||||||||||
Acuity Eyecare Holdings, LLC(4) | One stop | L + 6.75% | N/A(5) | 03/2022 | — | (1 | ) | — | — | |||||||||||||||
ADCS Clinics Intermediate Holdings, LLC# | One stop | L + 5.75% | (c) | 7.08% | 05/2022 | 21,905 | 21,565 | 2.8 | 21,467 | |||||||||||||||
ADCS Clinics Intermediate Holdings, LLC# | One stop | L + 5.75% | (c) | 7.08% | 05/2022 | 108 | 107 | — | 106 | |||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | One stop | P + 4.75% | (e) | 9.00% | 05/2022 | 95 | 93 | — | 93 | |||||||||||||||
ADCS Clinics Intermediate Holdings, LLC# | One stop | L + 5.75% | (c) | 7.08% | 05/2022 | 32 | 32 | — | 31 | |||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | One stop | P + 4.75% | (e) | 9.00% | 05/2022 | 5 | 1 | — | 5 | |||||||||||||||
Advanced Pain Management Holdings, Inc.# | Senior loan | L + 5.00% | (a) | 6.25% | 02/2018 | 5,800 | 5,799 | 0.7 | 4,930 | |||||||||||||||
Advanced Pain Management Holdings, Inc.# | Senior loan | L + 5.00% | (a) | 6.25% | 02/2018 | 397 | 397 | — | 337 | |||||||||||||||
Advanced Pain Management Holdings, Inc. | Senior loan | L + 5.00% | N/A(5) | 02/2018 | — | — | — | — | ||||||||||||||||
Agilitas USA, Inc.# | One stop | L + 6.00% | (c) | 7.30% | 04/2022 | 1,976 | 1,958 | 0.3 | 1,976 | |||||||||||||||
Agilitas USA, Inc. | One stop | L + 6.00% | (c) | 7.30% | 04/2022 | 10 | 9 | — | 10 | |||||||||||||||
Agilitas USA, Inc.(4) | One stop | L + 6.00% | N/A(5) | 04/2022 | — | (15 | ) | — | — | |||||||||||||||
Apothecary Products, LLC* | Senior loan | L + 4.00% | (c) | 5.72% | 02/2019 | 1,857 | 1,857 | 0.2 | 1,857 | |||||||||||||||
Apothecary Products, LLC | Senior loan | L + 4.00% | (c) | 5.74% | 02/2019 | 263 | 263 | — | 263 | |||||||||||||||
Aris Teleradiology Company, LLC#* | Senior loan | L + 5.50% | (c) | 6.83% | 03/2021 | 2,507 | 2,488 | 0.3 | 2,156 | |||||||||||||||
Aris Teleradiology Company, LLC | Senior loan | L + 5.50% | (c) | 6.81% | 03/2021 | 25 | 25 | — | 22 | |||||||||||||||
Avalign Technologies, Inc.* | Senior loan | L + 4.50% | (a) | 5.74% | 07/2021 | 960 | 957 | 0.1 | 957 | |||||||||||||||
BIORECLAMATIONIVT, LLC#* | One stop | L + 5.75% | (a) | 6.99% | 01/2021 | 13,943 | 13,783 | 1.8 | 13,943 | |||||||||||||||
BIORECLAMATIONIVT, LLC | One stop | P + 4.75% | (e) | 9.00% | 01/2021 | 55 | 54 | — | 55 | |||||||||||||||
California Cryobank, LLC* | One stop | L + 5.50% | (c) | 6.83% | 08/2019 | 2,544 | 2,544 | 0.3 | 2,544 | |||||||||||||||
California Cryobank, LLC* | One stop | L + 5.50% | (c) | 6.83% | 08/2019 | 976 | 964 | 0.1 | 976 | |||||||||||||||
California Cryobank, LLC* | One stop | L + 5.50% | (c) | 6.83% | 08/2019 | 326 | 326 | — | 326 | |||||||||||||||
California Cryobank, LLC | One stop | L + 5.50% | N/A(5) | 08/2019 | — | — | — | — | ||||||||||||||||
CLP Healthcare Services, Inc.* | Senior loan | L + 5.25% | (c) | 6.58% | 12/2020 | 936 | 930 | 0.1 | 918 | |||||||||||||||
Curo Health Services LLC# | Senior loan | L + 4.00% | (b)(c) | 5.31% | 02/2022 | 827 | 827 | 0.1 | 829 | |||||||||||||||
DCA Investment Holding, LLC#* | One stop | L + 5.25% | (c) | 6.58% | 07/2021 | 14,601 | 14,479 | 1.9 | 14,601 | |||||||||||||||
DCA Investment Holding, LLC#* | One stop | L + 5.25% | (c) | 6.58% | 07/2021 | 13,625 | 13,474 | 1.8 | 13,625 | |||||||||||||||
DCA Investment Holding, LLC#* | One stop | L + 5.25% | (c) | 6.58% | 07/2021 | 6,103 | 6,006 | 0.8 | 6,103 | |||||||||||||||
DCA Investment Holding, LLC | One stop | P + 4.25% | (e) | 8.50% | 07/2021 | 707 | 695 | 0.1 | 707 | |||||||||||||||
DCA Investment Holding, LLC(4) | One stop | L + 5.25% | N/A(5) | 07/2021 | — | (3 | ) | — | — | |||||||||||||||
Deca Dental Management LLC | One stop | L + 6.25% | (c) | 7.58% | 07/2020 | 7,486 | 7,422 | 1.0 | 7,486 | |||||||||||||||
Deca Dental Management LLC* | One stop | L + 6.25% | (a)(c) | 7.57% | 07/2020 | 911 | 906 | 0.1 | 911 | |||||||||||||||
Deca Dental Management LLC | One stop | L + 6.25% | (a) | 7.49% | 07/2020 | 50 | 50 | — | 50 | |||||||||||||||
Deca Dental Management LLC(4) | One stop | L + 6.25% | N/A(5) | 07/2020 | — | (7 | ) | — | — |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Healthcare, Education and Childcare - (continued) | ||||||||||||||||||||||||
Dental Holdings Corporation* | One stop | L + 5.50% | (c) | 6.81% | 02/2020 | $ | 3,314 | $ | 3,286 | 0.4 | % | $ | 3,247 | |||||||||||
Dental Holdings Corporation | One stop | L + 5.50% | (b) | 6.78% | 02/2020 | 505 | 500 | 0.1 | 495 | |||||||||||||||
Dental Holdings Corporation | One stop | L + 5.50% | (c) | 6.82% | 02/2020 | 98 | 94 | — | 88 | |||||||||||||||
eSolutions, Inc.#* | One stop | L + 6.50% | (a) | 7.74% | 03/2022 | 18,630 | 18,426 | 2.4 | 18,630 | |||||||||||||||
eSolutions, Inc.(4) | One stop | L + 6.50% | N/A(5) | 03/2022 | — | (1 | ) | — | — | |||||||||||||||
Excelligence Learning Corporation# | One stop | L + 6.00% | (a) | 7.24% | 04/2023 | 6,300 | 6,241 | 0.8 | 6,300 | |||||||||||||||
Eyecare Services Partners Holdings LLC# | One stop | L + 6.25% | (c) | 7.58% | 05/2023 | 10,493 | 10,321 | 1.4 | 10,493 | |||||||||||||||
Eyecare Services Partners Holdings LLC | One stop | P + 5.25% | (e) | 9.50% | 05/2023 | 17 | 14 | — | 17 | |||||||||||||||
Eyecare Services Partners Holdings LLC(4) | One stop | L + 6.25% | N/A(5) | 05/2023 | — | (61 | ) | — | — | |||||||||||||||
Eyecare Services Partners Holdings LLC(4) | One stop | L + 6.25% | N/A(5) | 05/2023 | — | (77 | ) | — | — | |||||||||||||||
G & H Wire Company, Inc# | One stop | L + 5.50% | (c) | 6.81% | 09/2023 | 7,148 | 7,060 | 0.9 | 7,077 | |||||||||||||||
G & H Wire Company, Inc(4) | One stop | L + 5.50% | N/A(5) | 09/2023 | — | (1 | ) | — | (1 | ) | ||||||||||||||
Immucor, Inc.# | Senior loan | L + 5.00% | (a) | 6.24% | 06/2021 | 2,055 | 2,028 | 0.3 | 2,087 | |||||||||||||||
Kareo, Inc. | One stop | L + 9.00% | (b) | 10.27% | 06/2022 | 5,755 | 5,508 | 0.8 | 5,755 | |||||||||||||||
Kareo, Inc. | One stop | L + 9.00% | N/A(5) | 06/2022 | — | — | — | — | ||||||||||||||||
Katena Holdings, Inc.* | One stop | L + 6.25% | (c) | 7.58% | 06/2021 | 4,521 | 4,491 | 0.6 | 4,430 | |||||||||||||||
Katena Holdings, Inc.* | One stop | L + 6.25% | (c) | 7.58% | 06/2021 | 441 | 438 | 0.1 | 432 | |||||||||||||||
Katena Holdings, Inc. | One stop | P + 5.25% | (e) | 9.50% | 06/2021 | 64 | 63 | — | 62 | |||||||||||||||
Lombart Brothers, Inc.# | One stop | L + 6.75% | (c) | 8.08% | 04/2022 | 3,377 | 3,325 | 0.4 | 3,377 | |||||||||||||||
Lombart Brothers, Inc.#(7) | One stop | L + 6.75% | (c) | 8.08% | 04/2022 | 1,550 | 1,526 | 0.2 | 1,550 | |||||||||||||||
Lombart Brothers, Inc. | One stop | P + 5.50% | (e) | 9.75% | 04/2022 | 36 | 35 | — | 36 | |||||||||||||||
Lombart Brothers, Inc.(7) | One stop | L + 6.75% | N/A(5) | 04/2022 | — | — | — | — | ||||||||||||||||
Maverick Healthcare Group, LLC# | Senior loan | L + 7.50% | (a) | 7.25% cash/2.00% PIK | 12/2017 | 643 | 643 | 0.1 | 624 | |||||||||||||||
Maverick Healthcare Group, LLC | Senior loan | P + 6.50% | (e) | 5.25% cash/5.50% PIK | 12/2017 | 27 | 27 | — | 27 | |||||||||||||||
MWD Management, LLC & MWD Services, Inc.# | One stop | L + 5.25% | (c) | 6.58% | 06/2023 | 1,308 | 1,293 | 0.2 | 1,308 | |||||||||||||||
MWD Management, LLC & MWD Services, Inc.(4) | One stop | L + 5.25% | N/A(5) | 06/2022 | — | (1 | ) | — | — | |||||||||||||||
MWD Management, LLC & MWD Services, Inc.(4) | One stop | L + 5.25% | N/A(5) | 06/2023 | — | (40 | ) | — | — | |||||||||||||||
Oliver Street Dermatology Holdings, LLC#* | One stop | L + 6.50% | (c) | 7.83% | 05/2022 | 8,806 | 8,681 | 1.2 | 8,806 | |||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.50% | (a)(b)(c) | 7.78% | 05/2022 | 1,803 | 1,785 | 0.2 | 1,803 | |||||||||||||||
Oliver Street Dermatology Holdings, LLC# | One stop | L + 6.50% | (c) | 7.83% | 05/2022 | 1,054 | 1,044 | 0.1 | 1,054 | |||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.50% | (c) | 7.81% | 05/2022 | 46 | 45 | — | 46 | |||||||||||||||
Oliver Street Dermatology Holdings, LLC* | One stop | L + 6.50% | (c) | 7.83% | 05/2022 | 42 | 41 | — | 42 | |||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.50% | (c) | 7.83% | 05/2022 | 33 | 32 | — | 33 | |||||||||||||||
Oliver Street Dermatology Holdings, LLC | One stop | L + 6.50% | (c) | 7.83% | 05/2022 | 30 | 30 | — | 30 | |||||||||||||||
Oliver Street Dermatology Holdings, LLC(4) | One stop | L + 6.50% | (c)(e) | N/A(5) | 05/2022 | — | (1 | ) | — | — | ||||||||||||||
Oliver Street Dermatology Holdings, LLC(4) | One stop | L + 6.50% | N/A(5) | 05/2022 | — | (8 | ) | — | — | |||||||||||||||
Pinnacle Treatment Centers, Inc.# | One stop | L + 6.25% | (b) | 7.53% | 08/2021 | 9,748 | 9,616 | 1.3 | 9,748 | |||||||||||||||
Pinnacle Treatment Centers, Inc. | One stop | P + 5.00% | (e) | 9.25% | 08/2021 | 30 | 29 | — | 30 | |||||||||||||||
Pinnacle Treatment Centers, Inc.(4) | One stop | L + 6.25% | N/A(5) | 08/2021 | — | (2 | ) | — | — | |||||||||||||||
PPT Management Holdings, LLC#* | One stop | L + 6.00% | (c) | 7.33% | 12/2022 | 11,711 | 11,482 | 1.5 | 11,477 | |||||||||||||||
PPT Management Holdings, LLC | One stop | L + 6.00% | (c) | 7.33% | 12/2022 | 135 | 132 | — | 132 | |||||||||||||||
PPT Management Holdings, LLC | One stop | L + 6.00% | (a) | 7.24% | 12/2022 | 50 | 46 | — | 46 | |||||||||||||||
Premise Health Holding Corp.* | One stop | L + 4.50% | (c) | 5.83% | 06/2020 | 1,987 | 1,987 | 0.3 | 1,987 | |||||||||||||||
Premise Health Holding Corp. | One stop | L + 4.50% | N/A(5) | 06/2020 | — | — | — | — | ||||||||||||||||
Pyramid Healthcare, Inc. | One stop | L + 6.50% | (a) | 7.74% | 08/2019 | 150 | 148 | — | 150 | |||||||||||||||
Radiology Partners, Inc.# | One stop | L + 5.75% | (c) | 7.08% | 09/2020 | 4,399 | 4,361 | 0.6 | 4,399 | |||||||||||||||
Radiology Partners, Inc. | One stop | L + 5.75% | (c) | 7.08% | 09/2020 | 99 | 98 | — | 99 | |||||||||||||||
Reliant Pro ReHab, LLC* | Senior loan | L + 5.00% | (c) | 6.33% | 12/2017 | 1,144 | 1,143 | 0.2 | 1,144 | |||||||||||||||
Reliant Pro ReHab, LLC | Senior loan | P + 4.00% | (e) | 8.25% | 12/2017 | 83 | 83 | — | 83 | |||||||||||||||
Riverchase MSO, LLC#* | Senior loan | L + 5.25% | (c) | 6.58% | 10/2022 | 4,940 | 4,877 | 0.7 | 4,940 | |||||||||||||||
Riverchase MSO, LLC | Senior loan | L + 5.25% | (c) | 6.58% | 10/2022 | 28 | 27 | — | 28 | |||||||||||||||
RXH Buyer Corporation# | One stop | L + 5.75% | (c) | 7.08% | 09/2021 | 11,134 | 10,987 | 1.4 | 10,912 | |||||||||||||||
RXH Buyer Corporation* | One stop | L + 5.75% | (c) | 7.08% | 09/2021 | 1,260 | 1,252 | 0.2 | 1,235 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Healthcare, Education and Childcare - (continued) | ||||||||||||||||||||||||
RXH Buyer Corporation | One stop | L + 5.75% | (c)(e) | 7.61% | 09/2021 | $ | 55 | $ | 52 | — | % | $ | 51 | |||||||||||
SLMP, LLC# | One stop | L + 6.00% | (a) | 7.24% | 05/2023 | 2,888 | 2,847 | 0.4 | 2,888 | |||||||||||||||
SLMP, LLC | One stop | N/A | 7.50% PIK | 05/2027 | 109 | 109 | — | 109 | ||||||||||||||||
SLMP, LLC(4) | One stop | L + 6.00% | N/A(5) | 05/2023 | — | (1 | ) | — | — | |||||||||||||||
SLMP, LLC(4) | One stop | L + 6.00% | N/A(5) | 05/2023 | — | (27 | ) | — | — | |||||||||||||||
Spear Education, LLC* | One stop | L + 6.00% | (c) | 7.05% | 08/2019 | 3,504 | 3,493 | 0.5 | 3,504 | |||||||||||||||
Spear Education, LLC | One stop | L + 6.00% | (c) | 7.30% | 08/2019 | 180 | 179 | — | 180 | |||||||||||||||
Spear Education, LLC(4) | One stop | L + 6.00% | N/A(5) | 08/2019 | — | — | — | (2 | ) | |||||||||||||||
Summit Behavioral Holdings I, LLC* | One stop | L + 5.00% | (a) | 6.24% | 06/2021 | 4,137 | 4,098 | 0.5 | 4,137 | |||||||||||||||
Summit Behavioral Holdings I, LLC | One stop | L + 5.00% | (a) | 6.24% | 06/2021 | 113 | 112 | — | 113 | |||||||||||||||
Summit Behavioral Holdings I, LLC | One stop | L + 5.00% | (a) | 6.24% | 06/2021 | 5 | 5 | — | 5 | |||||||||||||||
WHCG Management, LLC* | Senior loan | L + 4.75% | (c) | 6.08% | 03/2023 | 3,990 | 3,945 | 0.5 | 3,990 | |||||||||||||||
WHCG Management, LLC(4) | Senior loan | L + 4.75% | N/A(5) | 03/2023 | — | (1 | ) | — | — | |||||||||||||||
WHCG Management, LLC(4) | Senior loan | L + 4.75% | N/A(5) | 03/2023 | — | (24 | ) | — | — | |||||||||||||||
WIRB-Copernicus Group, Inc.# | Senior loan | L + 5.00% | (c) | 6.33% | 08/2022 | 9,387 | 9,310 | 1.2 | 9,387 | |||||||||||||||
WIRB-Copernicus Group, Inc. | Senior loan | L + 5.00% | N/A(5) | 08/2022 | — | — | — | — | ||||||||||||||||
Young Innovations, Inc.# | Senior loan | L + 5.00% | (c) | 6.33% | 01/2019 | 133 | 132 | — | 133 | |||||||||||||||
267,546 | 264,013 | 34.5 | 265,058 | |||||||||||||||||||||
Home and Office Furnishings, Housewares, and Durable Consumer | ||||||||||||||||||||||||
CST Buyer Company* | Senior loan | L + 6.25% | (c) | 7.58% | 03/2023 | 3,351 | 3,268 | 0.4 | 3,351 | |||||||||||||||
CST Buyer Company(4) | Senior loan | L + 6.25% | N/A(5) | 03/2023 | — | (1 | ) | — | — | |||||||||||||||
Plano Molding Company, LLC# | One stop | L + 7.50% | (a) | 8.74% | 05/2021 | 6,991 | 6,920 | 0.8 | 5,942 | |||||||||||||||
10,342 | 10,187 | 1.2 | 9,293 | |||||||||||||||||||||
Hotels, Motels, Inns, and Gaming | ||||||||||||||||||||||||
Aimbridge Hospitality, LLC#* | One stop | L + 5.50% | (a) | 6.74% | 06/2022 | 11,044 | 10,862 | 1.5 | 11,044 | |||||||||||||||
Aimbridge Hospitality, LLC | One stop | L + 5.50% | (a) | 6.74% | 06/2022 | 301 | 277 | — | 301 | |||||||||||||||
Aimbridge Hospitality, LLC(4) | One stop | L + 5.50% | N/A(5) | 06/2022 | — | (1 | ) | — | — | |||||||||||||||
11,345 | 11,138 | 1.5 | 11,345 | |||||||||||||||||||||
Insurance | ||||||||||||||||||||||||
Captive Resources Midco, LLC#* | One stop | L + 5.75% | (a) | 6.99% | 06/2020 | 7,546 | 7,489 | 1.0 | 7,546 | |||||||||||||||
Captive Resources Midco, LLC(4) | One stop | L + 5.75% | N/A(5) | 06/2020 | — | (3 | ) | — | — | |||||||||||||||
Captive Resources Midco, LLC(4) | One stop | L + 5.75% | N/A(5) | 06/2020 | — | (7 | ) | — | — | |||||||||||||||
Higginbotham Insurance Agency, Inc.* | Senior loan | L + 5.00% | (a) | 6.24% | 11/2021 | 1,372 | 1,363 | 0.2 | 1,372 | |||||||||||||||
Internet Pipeline, Inc.#* | One stop | L + 7.25% | (a) | 8.49% | 08/2022 | 10,326 | 10,179 | 1.3 | 10,476 | |||||||||||||||
Internet Pipeline, Inc.#* | One stop | L + 6.25% | (a) | 7.48% | 08/2022 | 4,450 | 4,408 | 0.6 | 4,341 | |||||||||||||||
Internet Pipeline, Inc.* | One stop | L + 6.25% | (a) | 7.48% | 08/2022 | 1,685 | 1,668 | 0.2 | 1,643 | |||||||||||||||
Internet Pipeline, Inc.(4) | One stop | L + 7.25% | N/A(5) | 08/2021 | — | (1 | ) | — | 1 | |||||||||||||||
RSC Acquisition, Inc.#* | Senior loan | L + 5.25% | (c) | 6.58% | 11/2022 | 6,838 | 6,819 | 0.9 | 6,838 | |||||||||||||||
RSC Acquisition, Inc.(4) | Senior loan | L + 5.25% | N/A(5) | 11/2022 | — | (20 | ) | — | — | |||||||||||||||
32,217 | 31,895 | 4.2 | 32,217 | |||||||||||||||||||||
Leisure, Amusement, Motion Pictures, Entertainment | ||||||||||||||||||||||||
NFD Operating, LLC* | One stop | L + 7.00% | (c) | 8.30% | 06/2021 | 2,170 | 2,145 | 0.3 | 2,170 | |||||||||||||||
NFD Operating, LLC | One stop | L + 7.00% | N/A(5) | 06/2021 | — | — | — | — | ||||||||||||||||
NFD Operating, LLC(4) | One stop | L + 7.00% | N/A(5) | 06/2021 | — | (1 | ) | — | — | |||||||||||||||
PADI Holdco, Inc.# | One stop | L + 6.50% | (c) | 7.84% | 04/2023 | 25,529 | 25,174 | 3.3 | 25,529 | |||||||||||||||
PADI Holdco, Inc. | One stop | L + 6.50% | (b)(c) | 7.78% | 04/2022 | 72 | 70 | — | 72 | |||||||||||||||
Self Esteem Brands, LLC#* | Senior loan | L + 4.75% | (a) | 5.99% | 02/2020 | 9,683 | 9,621 | 1.3 | 9,683 | |||||||||||||||
Teaching Company, The#* | One stop | L + 7.00% | (a)(c) | 8.32% | 08/2020 | 12,187 | 12,133 | 1.6 | 11,943 | |||||||||||||||
Teaching Company, The | One stop | L + 7.00% | (a)(e) | 8.24% | 08/2020 | 25 | 24 | — | 23 | |||||||||||||||
Titan Fitness, LLC* | One stop | L + 7.00% | (a) | 8.25% | 09/2019 | 1,954 | 1,954 | 0.3 | 1,954 | |||||||||||||||
Titan Fitness, LLC | One stop | L + 7.00% | (a) | 8.25% | 09/2019 | 294 | 293 | — | 294 | |||||||||||||||
Titan Fitness, LLC# | One stop | L + 7.00% | (a) | 8.25% | 09/2019 | 259 | 259 | — | 259 | |||||||||||||||
Titan Fitness, LLC | One stop | L + 7.00% | N/A(5) | 09/2019 | — | — | — | — |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Leisure, Amusement, Motion Pictures, Entertainment - (continued) | ||||||||||||||||||||||||
Titan Fitness, LLC(4) | One stop | L + 7.00% | N/A(5) | 09/2019 | $ | — | $ | (2 | ) | — | % | $ | — | |||||||||||
52,173 | 51,670 | 6.8 | 51,927 | |||||||||||||||||||||
Mining, Steel, Iron and Non-Precious Metals | ||||||||||||||||||||||||
Benetech, Inc.# | One stop | L + 11.00% | (a) | 10.25% cash/2.00% PIK | 08/2018 | 192 | 192 | — | 154 | |||||||||||||||
Benetech, Inc. | One stop | P + 9.75% | (a)(e) | 12.00% cash/2.00% PIK | 08/2018 | 16 | 16 | — | 6 | |||||||||||||||
208 | 208 | — | 160 | |||||||||||||||||||||
Oil and Gas | ||||||||||||||||||||||||
Drilling Info, Inc.#* | One stop | L + 6.25% | (b) | 7.52% | 06/2020 | 17,048 | 16,948 | 2.2 | 16,919 | |||||||||||||||
Drilling Info, Inc. | One stop | L + 6.25% | N/A(5) | 06/2020 | — | — | — | — | ||||||||||||||||
17,048 | 16,948 | 2.2 | 16,919 | |||||||||||||||||||||
Personal and Non Durable Consumer Products (Mfg. Only) | ||||||||||||||||||||||||
Georgica Pine Clothiers, LLC* | One stop | L + 5.50% | (c) | 6.83% | 11/2021 | 4,873 | 4,839 | 0.6 | 4,873 | |||||||||||||||
Georgica Pine Clothiers, LLC# | One stop | L + 5.50% | (c) | 6.83% | 11/2021 | 426 | 422 | 0.1 | 426 | |||||||||||||||
Georgica Pine Clothiers, LLC* | One stop | L + 5.50% | (c) | 6.83% | 11/2021 | 299 | 296 | — | 299 | |||||||||||||||
Georgica Pine Clothiers, LLC | One stop | L + 5.50% | (c) | 6.83% | 11/2021 | 58 | 57 | — | 58 | |||||||||||||||
IMPLUS Footwear, LLC# | One stop | L + 6.75% | (c) | 8.08% | 04/2021 | 13,510 | 13,398 | 1.8 | 13,510 | |||||||||||||||
IMPLUS Footwear, LLC# | One stop | L + 6.75% | (c) | 8.07% | 04/2021 | 2,378 | 2,359 | 0.3 | 2,378 | |||||||||||||||
Massage Envy, LLC* | One stop | L + 6.75% | (c)(e) | 8.09% | 09/2020 | 3,152 | 3,132 | 0.4 | 3,152 | |||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (c)(e) | 8.07% | 09/2020 | 100 | 99 | — | 100 | |||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (c) | 8.07% | 09/2020 | 95 | 94 | — | 95 | |||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (c)(e) | 8.08% | 09/2020 | 71 | 71 | — | 71 | |||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (c)(e) | 8.10% | 09/2020 | 31 | 30 | — | 31 | |||||||||||||||
Massage Envy, LLC | One stop | L + 6.75% | (a) | 7.99% | 09/2020 | 21 | 20 | — | 21 | |||||||||||||||
Massage Envy, LLC(4) | One stop | L + 6.75% | (c) | N/A(5) | 09/2020 | — | (2 | ) | — | — | ||||||||||||||
Orthotics Holdings, Inc.# | One stop | L + 6.00% | (a) | 7.24% | 02/2020 | 3,694 | 3,664 | 0.5 | 3,620 | |||||||||||||||
Orthotics Holdings, Inc.#(7)(8) | One stop | L + 6.00% | (a) | 7.24% | 02/2020 | 606 | 601 | 0.1 | 594 | |||||||||||||||
Orthotics Holdings, Inc.(4)(7)(8) | One stop | L + 6.00% | N/A(5) | 02/2020 | — | (1 | ) | — | — | |||||||||||||||
Orthotics Holdings, Inc.(4) | One stop | L + 6.00% | N/A(5) | 02/2020 | — | (5 | ) | — | (2 | ) | ||||||||||||||
Team Technologies Acquisition Company* | Senior loan | L + 5.00% | (c)(e) | 6.32% | 12/2017 | 260 | 261 | — | 260 | |||||||||||||||
Team Technologies Acquisition Company# | Senior loan | L + 5.50% | (c)(e) | 6.82% | 12/2017 | 48 | 48 | — | 49 | |||||||||||||||
Team Technologies Acquisition Company | Senior loan | L + 5.00% | N/A(5) | 12/2017 | — | — | — | — | ||||||||||||||||
29,622 | 29,383 | 3.8 | 29,535 | |||||||||||||||||||||
Personal, Food and Miscellaneous Services | ||||||||||||||||||||||||
Clarkson Eyecare LLC#* | One stop | L + 6.25% | (c) | 7.58% | 04/2021 | 17,190 | 17,001 | 2.2 | 16,674 | |||||||||||||||
Clarkson Eyecare LLC | One stop | L + 6.25% | (c) | 7.58% | 04/2021 | 8,529 | 8,468 | 1.1 | 8,273 | |||||||||||||||
Clarkson Eyecare LLC# | One stop | L + 6.25% | (c) | 7.58% | 04/2021 | 2,956 | 2,935 | 0.4 | 2,867 | |||||||||||||||
Clarkson Eyecare LLC# | One stop | L + 6.25% | (c) | 7.58% | 04/2021 | 2,517 | 2,500 | 0.3 | 2,441 | |||||||||||||||
Clarkson Eyecare LLC | One stop | L + 6.25% | (c) | 7.58% | 04/2021 | 716 | 666 | 0.1 | 692 | |||||||||||||||
Clarkson Eyecare LLC# | One stop | L + 6.25% | (c) | 7.58% | 04/2021 | 663 | 663 | 0.1 | 643 | |||||||||||||||
Clarkson Eyecare LLC# | One stop | L + 6.25% | (c) | 7.58% | 04/2021 | 489 | 481 | 0.1 | 474 | |||||||||||||||
Clarkson Eyecare LLC | One stop | L + 6.25% | (c) | 7.58% | 04/2021 | 277 | 273 | — | 259 | |||||||||||||||
Community Veterinary Partners, LLC | One stop | L + 5.50% | (c) | 6.83% | 10/2021 | 42 | 41 | — | 42 | |||||||||||||||
Ignite Restaurant Group, Inc (Joe's Crab Shack)*(6) | One stop | P + 6.00% | (e) | 10.25% | 02/2019 | 1,039 | 1,039 | — | 286 | |||||||||||||||
PetVet Care Centers LLC# | One stop | L + 6.00% | (c) | 7.33% | 06/2023 | 10,983 | 10,879 | 1.4 | 10,983 | |||||||||||||||
PetVet Care Centers LLC | One stop | L + 6.00% | (c) | 7.32% | 06/2023 | 2,665 | 2,608 | 0.3 | 2,665 | |||||||||||||||
PetVet Care Centers LLC | One stop | L + 6.00% | (b) | 7.27% | 06/2023 | 69 | 66 | — | 69 | |||||||||||||||
R.G. Barry Corporation# | Senior loan | L + 5.00% | (a) | 6.24% | 09/2019 | 1,257 | 1,257 | 0.2 | 1,257 | |||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.00% | (a) | 6.23% | 06/2020 | 2,493 | 2,456 | 0.3 | 2,493 | |||||||||||||||
Southern Veterinary Partners, LLC* | One stop | L + 5.00% | (a) | 6.24% | 06/2020 | 1,585 | 1,574 | 0.2 | 1,585 | |||||||||||||||
Southern Veterinary Partners, LLC | One stop | L + 5.00% | (a) | 6.23% | 06/2020 | 17 | 17 | — | 17 | |||||||||||||||
Vetcor Professional Practices LLC#* | One stop | L + 6.00% | (c) | 7.33% | 04/2021 | 27,276 | 26,887 | 3.5 | 27,276 | |||||||||||||||
Vetcor Professional Practices LLC | One stop | L + 6.00% | (c) | 7.33% | 04/2021 | 2,980 | 2,867 | 0.4 | 2,980 | |||||||||||||||
Vetcor Professional Practices LLC | One stop | L + 6.00% | (c) | 7.33% | 04/2021 | 2,360 | 2,325 | 0.3 | 2,360 | |||||||||||||||
Vetcor Professional Practices LLC# | One stop | L + 6.00% | (c) | 7.33% | 04/2021 | 628 | 623 | 0.1 | 628 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Personal, Food and Miscellaneous Services - (continued) | ||||||||||||||||||||||||
Vetcor Professional Practices LLC* | One stop | L + 6.00% | (c) | 7.33% | 04/2021 | $ | 622 | $ | 614 | 0.1 | % | $ | 622 | |||||||||||
Vetcor Professional Practices LLC* | One stop | L + 6.00% | (c) | 7.33% | 04/2021 | 489 | 489 | 0.1 | 489 | |||||||||||||||
Vetcor Professional Practices LLC* | One stop | L + 6.00% | (c) | 7.33% | 04/2021 | 476 | 470 | 0.1 | 476 | |||||||||||||||
Vetcor Professional Practices LLC* | One stop | L + 6.00% | (c) | 7.33% | 04/2021 | 187 | 186 | — | 187 | |||||||||||||||
Vetcor Professional Practices LLC* | One stop | L + 6.00% | (c) | 7.33% | 04/2021 | 153 | 152 | — | 153 | |||||||||||||||
Vetcor Professional Practices LLC | One stop | L + 6.00% | (c) | 7.33% | 04/2021 | 17 | 13 | — | 17 | |||||||||||||||
Veterinary Specialists of North America, LLC#* | One stop | L + 5.25% | (c) | 6.56% | 07/2021 | 3,853 | 3,813 | 0.5 | 3,853 | |||||||||||||||
Veterinary Specialists of North America, LLC | One stop | L + 5.25% | (c) | 6.58% | 07/2021 | 49 | 41 | — | 49 | |||||||||||||||
Veterinary Specialists of North America, LLC# | One stop | L + 5.25% | (c) | 6.56% | 07/2021 | 33 | 33 | — | 33 | |||||||||||||||
Veterinary Specialists of North America, LLC(4) | One stop | L + 5.25% | N/A(5) | 07/2021 | — | (1 | ) | — | — | |||||||||||||||
Wetzel's Pretzels, LLC* | One stop | L + 6.75% | (a) | 7.99% | 09/2021 | 6,012 | 5,927 | 0.8 | 6,012 | |||||||||||||||
Wetzel's Pretzels, LLC(4) | One stop | L + 6.75% | N/A(5) | 09/2021 | — | (1 | ) | — | — | |||||||||||||||
98,622 | 97,362 | 12.6 | 96,855 | |||||||||||||||||||||
Printing and Publishing | ||||||||||||||||||||||||
Brandmuscle, Inc.* | Senior loan | L + 5.00% | (c) | 6.33% | 12/2021 | 538 | 533 | 0.1 | 542 | |||||||||||||||
Marketo, Inc. | One stop | L + 9.50% | (c) | 10.83% | 08/2021 | 20,640 | 20,160 | 2.7 | 20,640 | |||||||||||||||
Marketo, Inc.(4) | One stop | L + 9.50% | N/A(5) | 08/2021 | — | (1 | ) | — | — | |||||||||||||||
21,178 | 20,692 | 2.8 | 21,182 | |||||||||||||||||||||
Retail Stores | ||||||||||||||||||||||||
Batteries Plus Holding Corporation#* | One stop | L + 6.75% | (a) | 7.99% | 07/2022 | 13,086 | 12,919 | 1.7 | 13,086 | |||||||||||||||
Batteries Plus Holding Corporation(4) | One stop | L + 6.75% | N/A(5) | 07/2022 | — | (2 | ) | — | — | |||||||||||||||
CVS Holdings I, LP#* | One stop | L + 6.25% | (a) | 7.49% | 08/2021 | 17,139 | 16,930 | 2.2 | 17,139 | |||||||||||||||
CVS Holdings I, LP# | One stop | L + 6.25% | (a) | 7.49% | 08/2021 | 248 | 244 | — | 248 | |||||||||||||||
CVS Holdings I, LP | One stop | L + 6.25% | (a) | 7.49% | 08/2021 | 34 | 28 | — | 34 | |||||||||||||||
CVS Holdings I, LP(4) | One stop | L + 6.25% | N/A(5) | 08/2020 | — | (2 | ) | — | — | |||||||||||||||
Cycle Gear, Inc.* | One stop | L + 6.50% | (c) | 7.80% | 01/2020 | 7,572 | 7,511 | 1.0 | 7,572 | |||||||||||||||
Cycle Gear, Inc. | One stop | L + 6.50% | (c) | 7.82% | 01/2020 | 710 | 704 | 0.1 | 710 | |||||||||||||||
Cycle Gear, Inc.(4) | One stop | L + 6.50% | N/A(5) | 01/2020 | — | (7 | ) | — | — | |||||||||||||||
DTLR, Inc.#* | One stop | L + 6.50% | (c) | 7.81% | 08/2022 | 19,705 | 19,417 | 2.6 | 19,408 | |||||||||||||||
Feeders Supply Company, LLC#* | One stop | L + 5.75% | (a) | 6.99% | 04/2021 | 4,699 | 4,656 | 0.6 | 4,699 | |||||||||||||||
Feeders Supply Company, LLC | Subordinated debt | N/A | 12.50% cash/7.00% PIK | 04/2021 | 55 | 55 | — | 55 | ||||||||||||||||
Feeders Supply Company, LLC | One stop | L + 5.75% | N/A(5) | 04/2021 | — | — | — | — | ||||||||||||||||
Marshall Retail Group, LLC, The# | One stop | L + 6.00% | (c) | 7.30% | 08/2020 | 3,150 | 3,150 | 0.4 | 3,150 | |||||||||||||||
Marshall Retail Group, LLC, The | One stop | P + 4.75% | (e) | 9.00% | 08/2019 | 77 | 77 | — | 77 | |||||||||||||||
Mills Fleet Farm Group LLC#* | One stop | L + 5.50% | (a) | 6.74% | 02/2022 | 5,650 | 5,419 | 0.8 | 5,650 | |||||||||||||||
Pet Holdings ULC#(7)(8) | One stop | L + 5.50% | (c) | 6.80% | 07/2022 | 32,348 | 31,832 | 4.2 | 32,348 | |||||||||||||||
Pet Holdings ULC(7)(8) | One stop | L + 5.50% | (c) | 6.81% | 07/2022 | 56 | 55 | — | 56 | |||||||||||||||
Pet Holdings ULC(4)(7)(8) | One stop | L + 5.50% | (e) | N/A(5) | 07/2022 | — | (2 | ) | — | — | ||||||||||||||
PetPeople Enterprises, LLC* | One stop | L + 6.00% | (c) | 7.32% | 09/2023 | 2,373 | 2,343 | 0.3 | 2,349 | |||||||||||||||
PetPeople Enterprises, LLC(4) | One stop | L + 6.00% | N/A(5) | 09/2023 | — | (1 | ) | — | — | |||||||||||||||
PetPeople Enterprises, LLC(4) | One stop | L + 6.00% | N/A(5) | 09/2023 | — | (2 | ) | — | (17 | ) | ||||||||||||||
106,902 | 105,324 | 13.9 | 106,564 | |||||||||||||||||||||
Telecommunications | ||||||||||||||||||||||||
NetMotion Wireless Holdings, Inc.* | One stop | L + 6.25% | (c) | 7.58% | 10/2021 | 7,278 | 7,190 | 0.9 | 7,278 | |||||||||||||||
NetMotion Wireless Holdings, Inc.(4) | One stop | L + 6.25% | N/A(5) | 10/2021 | — | (1 | ) | — | — | |||||||||||||||
7,278 | 7,189 | 0.9 | 7,278 | |||||||||||||||||||||
Textile and Leather | ||||||||||||||||||||||||
SHO Holding I Corporation* | Senior loan | L + 5.00% | (a) | 6.24% | 10/2022 | 1,917 | 1,883 | 0.3 | 1,917 | |||||||||||||||
SHO Holding I Corporation | Senior loan | L + 4.00% | (a)(b) | 5.24% | 10/2021 | 16 | 15 | — | 15 | |||||||||||||||
1,933 | 1,898 | 0.3 | 1,932 | |||||||||||||||||||||
Utilities | ||||||||||||||||||||||||
Arcos, LLC* | One stop | L + 6.00% | (c) | 7.33% | 02/2021 | 3,411 | 3,386 | 0.5 | 3,411 | |||||||||||||||
Arcos, LLC | One stop | L + 6.00% | N/A(5) | 02/2021 | — | — | — | — | ||||||||||||||||
PowerPlan Holdings, Inc.* | Senior loan | L + 5.25% | (a) | 6.49% | 02/2022 | 2,522 | 2,498 | 0.3 | 2,522 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Utilities - (continued) | ||||||||||||||||||||||||
PowerPlan Holdings, Inc.* | Senior loan | L + 5.25% | (a) | 6.49% | 02/2022 | $ | 805 | $ | 791 | 0.1 | % | $ | 805 | |||||||||||
6,738 | 6,675 | 0.9 | 6,738 | |||||||||||||||||||||
Total non-controlled/non-affiliate company debt investments | $ | 1,336,708 | $ | 1,318,676 | 172.8 | % | $ | 1,326,950 | ||||||||||||||||
Equity investments(9)(10) | ||||||||||||||||||||||||
Aerospace and Defense | ||||||||||||||||||||||||
Whitcraft LLC | Common stock | N/A | N/A | N/A | 7 | $ | 688 | 0.1 | % | $ | 688 | |||||||||||||
Automobile | ||||||||||||||||||||||||
Polk Acquisition Corp. | LP interest | N/A | N/A | N/A | 4 | 401 | — | 255 | ||||||||||||||||
Beverage, Food and Tobacco | ||||||||||||||||||||||||
Cafe Rio Holding, Inc. | Common stock | N/A | N/A | N/A | 3 | 283 | — | 283 | ||||||||||||||||
Hopdoddy Holdings, LLC | LLC units | N/A | N/A | N/A | 17 | 84 | — | 57 | ||||||||||||||||
Hopdoddy Holdings, LLC | LLC units | N/A | N/A | N/A | 8 | 24 | — | 16 | ||||||||||||||||
P&P Food Safety US Acquisition, Inc. | LLC interest | N/A | N/A | N/A | 2 | 203 | — | 209 | ||||||||||||||||
Purfoods, LLC | LLC interest | N/A | N/A | N/A | 355 | 355 | 0.1 | 383 | ||||||||||||||||
949 | 0.1 | 948 | ||||||||||||||||||||||
Chemicals, Plastics and Rubber | ||||||||||||||||||||||||
Flexan, LLC | Preferred stock | N/A | N/A | N/A | — | 40 | — | 48 | ||||||||||||||||
Flexan, LLC | Common stock | N/A | N/A | N/A | — | — | — | 8 | ||||||||||||||||
40 | — | 56 | ||||||||||||||||||||||
Diversified/Conglomerate Manufacturing | ||||||||||||||||||||||||
Inventus Power, Inc. | Preferred stock | N/A | N/A | N/A | — | 259 | — | — | ||||||||||||||||
Inventus Power, Inc. | Common stock | N/A | N/A | N/A | — | — | — | — | ||||||||||||||||
Reladyne, Inc. | LP interest | N/A | N/A | N/A | — | 242 | 0.1 | 450 | ||||||||||||||||
501 | 0.1 | 450 | ||||||||||||||||||||||
Diversified/Conglomerate Service | ||||||||||||||||||||||||
Accela, Inc. | LLC units | N/A | N/A | N/A | 374 | 374 | 0.1 | 374 | ||||||||||||||||
Actiance, Inc. | Warrant | N/A | N/A | N/A | 248 | 59 | — | 86 | ||||||||||||||||
Agility Recovery Solutions Inc. | Preferred stock | N/A | N/A | N/A | 30 | 152 | — | 191 | ||||||||||||||||
Bomgar Corporation | Common stock | N/A | N/A | N/A | 1 | 620 | 0.1 | 694 | ||||||||||||||||
Bomgar Corporation | Common stock | N/A | N/A | N/A | 415 | 6 | — | 33 | ||||||||||||||||
HealthcareSource HR, Inc. | LLC interest | N/A | N/A | N/A | — | 165 | — | 176 | ||||||||||||||||
Host Analytics, Inc. | Warrant | N/A | N/A | N/A | 154 | 58 | — | 123 | ||||||||||||||||
Maverick Bidco Inc. | LLC units | N/A | N/A | N/A | 1 | 597 | 0.1 | 597 | ||||||||||||||||
MMan Acquisition Co. | LP interest | N/A | N/A | N/A | 334 | 334 | — | 334 | ||||||||||||||||
Project Alpha Intermediate Holding, Inc. | Common stock | N/A | N/A | N/A | — | 399 | 0.1 | 440 | ||||||||||||||||
Project Alpha Intermediate Holding, Inc. | Common stock | N/A | N/A | N/A | 99 | 4 | — | 4 | ||||||||||||||||
Quickbase, Inc. | Common stock | N/A | N/A | N/A | 615 | 412 | 0.1 | 808 | ||||||||||||||||
Switchfly, Inc. | Warrant | N/A | N/A | N/A | 79 | 114 | — | 181 | ||||||||||||||||
Verisys Corporation | LLC interest | N/A | N/A | N/A | 318 | 318 | 0.1 | 346 | ||||||||||||||||
Workforce Software, LLC | LLC units | N/A | N/A | N/A | 1,309 | 1,309 | 0.2 | 1,519 | ||||||||||||||||
Xmatters, Inc. and Alarmpoint, Inc. | Warrant | N/A | N/A | N/A | 41 | 33 | — | 30 | ||||||||||||||||
4,954 | 0.8 | 5,936 | ||||||||||||||||||||||
Ecological | ||||||||||||||||||||||||
Pace Analytical Services, LLC | Common stock | N/A | N/A | N/A | 3 | 302 | — | 362 | ||||||||||||||||
Electronics | ||||||||||||||||||||||||
Diligent Corporation | Preferred stock | N/A | N/A | N/A | 535 | 424 | 0.1 | 779 | ||||||||||||||||
Gamma Technologies, LLC | LLC units | N/A | N/A | N/A | 1 | 82 | — | 201 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Electronics - (continued) | ||||||||||||||||||||||||
SEI, Inc. | LLC units | N/A | N/A | N/A | $ | 207 | $ | 161 | 0.1 | % | $ | 293 | ||||||||||||
Sloan Company, Inc., The | LLC units | N/A | N/A | N/A | — | 59 | — | — | ||||||||||||||||
Sloan Company, Inc., The | LLC units | N/A | N/A | N/A | 1 | 7 | — | — | ||||||||||||||||
733 | 0.2 | 1,273 | ||||||||||||||||||||||
Healthcare, Education and Childcare | ||||||||||||||||||||||||
Active Day, Inc. | LLC interest | N/A | N/A | N/A | 1 | 529 | 0.1 | 618 | ||||||||||||||||
Acuity Eyecare Holdings, LLC | LLC interest | N/A | N/A | N/A | 419 | 419 | 0.1 | 522 | ||||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | Preferred stock | N/A | N/A | N/A | 1 | 596 | 0.1 | 480 | ||||||||||||||||
ADCS Clinics Intermediate Holdings, LLC | Common stock | N/A | N/A | N/A | — | 6 | — | — | ||||||||||||||||
BIORECLAMATIONIVT, LLC | LLC units | N/A | N/A | N/A | — | 360 | 0.1 | 543 | ||||||||||||||||
DCA Investment Holding, LLC | LLC units | N/A | N/A | N/A | 5,253 | 525 | 0.1 | 571 | ||||||||||||||||
DCA Investment Holding, LLC | LLC units | N/A | N/A | N/A | 53 | 5 | — | — | ||||||||||||||||
Deca Dental Management LLC | LLC units | N/A | N/A | N/A | 651 | 651 | 0.1 | 748 | ||||||||||||||||
Dental Holdings Corporation | LLC units | N/A | N/A | N/A | 359 | 359 | — | 245 | ||||||||||||||||
Encore GC Acquisition, LLC | LLC units | N/A | N/A | N/A | 8 | 81 | — | 67 | ||||||||||||||||
Encore GC Acquisition, LLC | LLC units | N/A | N/A | N/A | 8 | — | — | — | ||||||||||||||||
Eyecare Services Partners Holdings LLC | LLC interests | N/A | N/A | N/A | — | 304 | 0.1 | 304 | ||||||||||||||||
Eyecare Services Partners Holdings LLC | LLC interests | N/A | N/A | N/A | — | 3 | — | 3 | ||||||||||||||||
G & H Wire Company, Inc | LLC interest | N/A | N/A | N/A | 187 | 187 | — | 187 | ||||||||||||||||
Kareo, Inc. | Warrant | N/A | N/A | N/A | 27 | 203 | — | 203 | ||||||||||||||||
Katena Holdings, Inc. | LLC units | N/A | N/A | N/A | — | 205 | — | 136 | ||||||||||||||||
Lombart Brothers, Inc. | Common stock | N/A | N/A | N/A | — | 123 | — | 164 | ||||||||||||||||
MWD Management, LLC & MWD Services, Inc. | LLC interest | N/A | N/A | N/A | 154 | 154 | — | 154 | ||||||||||||||||
Oliver Street Dermatology Holdings, LLC | LLC units | N/A | N/A | N/A | 218 | 218 | — | 292 | ||||||||||||||||
Pinnacle Treatment Centers, Inc. | Preferred stock | N/A | N/A | N/A | — | 216 | — | 222 | ||||||||||||||||
Pinnacle Treatment Centers, Inc. | Common stock | N/A | N/A | N/A | 2 | 2 | — | — | ||||||||||||||||
RXH Buyer Corporation | LP interest | N/A | N/A | N/A | 4 | 443 | — | 155 | ||||||||||||||||
SLMP, LLC | LLC interest | N/A | N/A | N/A | 334 | 334 | 0.1 | 334 | ||||||||||||||||
WHCG Management, LLC | LLC interest | N/A | N/A | N/A | — | 281 | — | 277 | ||||||||||||||||
6,204 | 0.8 | 6,225 | ||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||
Internet Pipeline, Inc. | Preferred stock | N/A | N/A | N/A | — | 153 | — | 185 | ||||||||||||||||
Internet Pipeline, Inc. | Common stock | N/A | N/A | N/A | 93 | 2 | 0.1 | 304 | ||||||||||||||||
155 | 0.1 | 489 | ||||||||||||||||||||||
Leisure, Amusement, Motion Pictures, Entertainment | ||||||||||||||||||||||||
PADI Holdco, Inc. | LLC units | N/A | N/A | N/A | 1 | 539 | 0.1 | 539 | ||||||||||||||||
Mining, Steel, Iron and Non-Precious Metals | ||||||||||||||||||||||||
Benetech, Inc. | LLC interest | N/A | N/A | N/A | 2 | — | — | — | ||||||||||||||||
Benetech, Inc. | LLC interest | N/A | N/A | N/A | 2 | — | — | — | ||||||||||||||||
— | — | — | ||||||||||||||||||||||
Personal and Non Durable Consumer Products (Mfg. Only) | ||||||||||||||||||||||||
Georgica Pine Clothiers, LLC | LLC units | N/A | N/A | N/A | 9 | 91 | — | 89 | ||||||||||||||||
Personal, Food and Miscellaneous Services | ||||||||||||||||||||||||
Clarkson Eyecare LLC | LLC units | N/A | N/A | N/A | — | 63 | — | 75 | ||||||||||||||||
Community Veterinary Partners, LLC | Common stock | N/A | N/A | N/A | 1 | 126 | — | 132 | ||||||||||||||||
Southern Veterinary Partners, LLC | LLC units | N/A | N/A | N/A | — | 49 | — | 49 | ||||||||||||||||
Southern Veterinary Partners, LLC | LLC units | N/A | N/A | N/A | 52 | 3 | — | 3 | ||||||||||||||||
Vetcor Professional Practices LLC | LLC units | N/A | N/A | N/A | 498 | 298 | 0.1 | 331 | ||||||||||||||||
Vetcor Professional Practices LLC | LLC units | N/A | N/A | N/A | 55 | 55 | 0.1 | 667 | ||||||||||||||||
Veterinary Specialists of North America, LLC | LLC units | N/A | N/A | N/A | — | 56 | — | 74 | ||||||||||||||||
Wetzel's Pretzels, LLC | Common stock | N/A | N/A | N/A | — | 149 | — | 173 | ||||||||||||||||
799 | 0.2 | % | 1,504 |
Investment Type | Spread Above Index(1) | Interest Rate(2) | Maturity Date | Principal ($) / Shares(3) | Amortized Cost | Percentage of Net Assets | Fair Value (15) | |||||||||||||||||
Printing and Publishing | ||||||||||||||||||||||||
Brandmuscle, Inc. | LLC interest | N/A | N/A | N/A | — | $ | 207 | $ | — | % | $ | 203 | ||||||||||||
Retail Stores | ||||||||||||||||||||||||
Batteries Plus Holding Corporation | LP interest | N/A | N/A | N/A | 5 | 505 | 0.1 | 653 | ||||||||||||||||
Cycle Gear, Inc. | LLC units | N/A | N/A | N/A | 8 | 111 | — | 169 | ||||||||||||||||
Elite Sportswear, L.P. | LLC interest | N/A | N/A | N/A | — | 70 | — | 43 | ||||||||||||||||
Feeders Supply Company, LLC | Preferred stock | N/A | N/A | N/A | 2 | 179 | — | 204 | ||||||||||||||||
Feeders Supply Company, LLC | Common stock | N/A | N/A | N/A | — | — | — | 97 | ||||||||||||||||
Pet Holdings ULC(7)(8) | LP interest | N/A | N/A | N/A | 222 | 188 | 0.1 | 228 | ||||||||||||||||
1,053 | 0.2 | 1,394 | ||||||||||||||||||||||
Utilities | ||||||||||||||||||||||||
PowerPlan Holdings, Inc. | Common stock | N/A | N/A | N/A | — | 116 | — | 116 | ||||||||||||||||
PowerPlan Holdings, Inc. | Common stock | N/A | N/A | N/A | 68 | 1 | — | 120 | ||||||||||||||||
117 | — | 236 | ||||||||||||||||||||||
Total non-controlled/non-affiliate company equity investments | $ | 17,733 | 2.7 | % | $ | 20,647 | ||||||||||||||||||
Total non-controlled/non-affiliate company investments | $ | 1,336,708 | $ | 1,336,409 | 175.5 | % | $ | 1,347,597 | ||||||||||||||||
Controlled affiliate company investments(12) | ||||||||||||||||||||||||
Equity investments | ||||||||||||||||||||||||
Investment Funds and Vehicles | ||||||||||||||||||||||||
GCIC Senior Loan Fund LLC(7)(13) | LLC interest | N/A | N/A | N/A | $ | 49,800 | 6.5 | % | $ | 50,104 | ||||||||||||||
Total controlled affiliate company equity investments | $ | 49,800 | 6.5 | % | $ | 50,104 | ||||||||||||||||||
Total controlled affiliate company investments | $ | 49,800 | 6.5 | % | $ | 50,104 | ||||||||||||||||||
Total investments | $ | 1,336,708 | $ | 1,386,209 | 182.0 | % | $ | 1,397,701 | ||||||||||||||||
Cash and cash equivalents and restricted cash and cash equivalents | ||||||||||||||||||||||||
Cash and restricted cash | $ | 47,487 | 6.8 | % | $ | 47,487 | ||||||||||||||||||
BlackRock Liquidity Funds T-Fund Institutional Shares (CUSIP 09248U718) | 0.91% (14) | 3,644 | 0.1 | 3,644 | ||||||||||||||||||||
Total cash and cash equivalents and restricted cash and cash equivalents | $ | 51,131 | 6.9 | % | $ | 51,131 | ||||||||||||||||||
Total investments and cash and cash equivalents and restricted cash and cash equivalents | $ | 1,437,340 | 188.9 | % | $ | 1,448,832 |
Portfolio Company | Fair value as of September 30, 2016 | Purchases (cost) | Redemptions (cost) | Discount accretion | Net change in unrealized gain/(loss) | Fair value as of September 30, 2017 | Net realized gain/(loss) | Interest and fee income | Dividend income | |||||||||||||||||||||||||||
GCIC Senior Loan Fund LLC (f) | $ | 47,956 | $ | 46,344 | $ | (43,719 | ) | $ | — | $ | (477 | ) | $ | 50,104 | $ | — | $ | 732 | $ | 3,950 | ||||||||||||||||
Total Controlled Affiliates | $ | 47,956 | $ | 46,344 | $ | (43,719 | ) | $ | — | $ | (477 | ) | $ | 50,104 | $ | — | $ | 732 | $ | 3,950 |
The Company receives quarterly profit distributions from its equity investment in GCIC |
The rate shown is the annualized seven-day yield as of September 30, |
(1) | cash and cash equivalents, restricted cash and cash equivalents, fair value of investments, interest receivable, and other |
(2) | purchases and sales of investments, income and expenses—at the exchange rates prevailing on the respective dates of such transactions. |
As of June 30, 2018 | As of September 30, 2017 | ||||||||||||||
Subscriptions | Contributions | Subscriptions | Contributions | ||||||||||||
GCIC Stockholders | $ | 1,197,145 | $ | 819,022 | $ | 1,301,643 | $ | 716,004 | |||||||
Total | $ | 1,197,145 | $ | 819,022 | $ | 1,301,643 | $ | 716,004 |
As of December 31, 2018 | As of September 30, 2018 | ||||||||||||||
Subscriptions | Contributions | Subscriptions | Contributions | ||||||||||||
GCIC Stockholders | $ | 1,117,592 | $ | 953,106 | $ | 1,136,940 | $ | 841,580 | |||||||
Total | $ | 1,117,592 | $ | 953,106 | $ | 1,136,940 | $ | 841,580 |
Date | Shares Issued | NAV ($) per share | Proceeds | Date | Shares Issued | NAV ($) per share | Proceeds | |||||||||||||||||
Shares outstanding, September 30, 2016 | 41,087,178.250 | $ | 15.00 | $ | 616,307 | |||||||||||||||||||
Issuance of shares | 04/03/2017 | 2,187,285.533 | 15.00 | 32,809 | ||||||||||||||||||||
Shares outstanding, September 30, 2017 | 51,214,683.496 | $ | 15.00 | $ | 768,220 | |||||||||||||||||||
Issuance of shares | 05/01/2017 | 2,223,285.533 | 15.00 | 33,349 | 12/01/2017 | 2,223,285.533 | 15.00 | 33,349 | ||||||||||||||||
Shares issued for capital drawdowns | 4,410,571.066 | $ | 15.00 | $ | 66,158 | 2,223,285.533 | $ | 15.00 | $ | 33,349 | ||||||||||||||
Issuance of shares (1) | 11/21/2016 | 355,195.794 | 15.00 | 5,329 | 11/27/2017 | 291,564.353 | 15.00 | 4,374 | ||||||||||||||||
Issuance of shares (1) | 12/30/2016 | 327,120.972 | 15.00 | 4,907 | 12/28/2017 | 393,201.972 | 15.00 | 5,898 | ||||||||||||||||
Issuance of shares (1) | 02/27/2017 | 335,502.470 | 15.00 | 5,032 | ||||||||||||||||||||
Issuance of shares (1) | 05/19/2017 | 313,775.384 | 15.00 | 4,707 | ||||||||||||||||||||
Shares issued through DRIP | 1,331,594.620 | $ | 15.00 | $ | 19,975 | 684,766.325 | $ | 15.00 | $ | 10,272 | ||||||||||||||
Shares outstanding, June 30, 2017 | 46,829,343.936 | $ | 15.00 | $ | 702,440 | |||||||||||||||||||
Shares outstanding, December 31, 2017 | 54,122,735.354 | $ | 15.00 | $ | 811,841 | |||||||||||||||||||
Shares outstanding, September 30, 2017 | 51,214,683.496 | $ | 15.00 | $ | 768,220 | |||||||||||||||||||
Issuance of shares | 12/01/2017 | 2,223,285.533 | 15.00 | 33,349 | ||||||||||||||||||||
Shares outstanding, September 30, 2018 | 62,147,237.484 | $ | 15.00 | $ | 932,209 | |||||||||||||||||||
Issuance of shares | 01/29/2018 | 1,407,782.320 | 15.00 | 21,116 | 10/15/2018 | 2,018,759.065 | 15.00 | 30,281 | ||||||||||||||||
Issuance of shares | 02/26/2018 | 1,818,340.200 | 15.00 | 27,276 | 11/26/2018 | 2,497,171.129 | 15.00 | 37,458 | ||||||||||||||||
Issuance of shares | 06/28/2018 | 1,418,421.266 | 15.00 | 21,277 | 12/20/2018 | 2,919,162.403 | 15.00 | 43,787 | ||||||||||||||||
Shares issued for capital drawdowns | 6,867,829.319 | $ | 15.00 | $ | 103,018 | 7,435,092.597 | $ | 15.00 | $ | 111,526 | ||||||||||||||
Issuance of shares (1) | 11/27/2017 | 291,564.353 | 15.00 | 4,374 | 11/27/2018 | 439,833.975 | 15.00 | 6,597 | ||||||||||||||||
Issuance of shares (1) | 12/28/2017 | 393,201.972 | 15.00 | 5,898 | 12/28/2018 | 416,611.113 | 15.00 | 6,249 | ||||||||||||||||
Issuance of shares (1) | 02/26/2018 | 470,835.576 | 15.00 | 7,062 | ||||||||||||||||||||
Issuance of shares (1) | 05/23/2018 | 505,692.332 | 15.00 | 7,586 | ||||||||||||||||||||
Shares issued through DRIP | 1,661,294.233 | $ | 15.00 | $ | 24,920 | 856,445.088 | $ | 15.00 | $ | 12,846 | ||||||||||||||
Shares outstanding, June 30, 2018 | 59,743,807.048 | $ | 15.00 | $ | 896,158 | |||||||||||||||||||
Shares outstanding, December 31, 2018 | 70,438,775.169 | $ | 15.00 | $ | 1,056,581 |
(1) | Shares issued through the DRIP. |
As of June 30, 2018 | As of September 30, 2017 | As of December 31, 2018 | As of September 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||
Principal | Amortized Cost | Fair Value | Principal | Amortized Cost | Fair Value | Principal | Amortized Cost | Fair Value | Principal | Amortized Cost | Fair Value | |||||||||||||||||||||||||||||||||||
Senior secured | $ | 200,274 | $ | 198,217 | $ | 196,835 | $ | 167,646 | $ | 165,642 | $ | 165,620 | $ | 242,682 | $ | 240,211 | $ | 235,409 | $ | 216,389 | $ | 214,208 | $ | 211,035 | ||||||||||||||||||||||
One stop | 1,372,246 | 1,354,867 | 1,364,503 | 1,169,007 | 1,152,979 | 1,161,275 | 1,558,187 | 1,540,371 | 1,547,115 | 1,393,961 | 1,377,181 | 1,384,902 | ||||||||||||||||||||||||||||||||||
Subordinated debt | 277 | 277 | 277 | 55 | 55 | 55 | 587 | 587 | 783 | 280 | 280 | 280 | ||||||||||||||||||||||||||||||||||
LLC equity interests in GCIC SLF(1) | N/A | 52,294 | 54,004 | N/A | 49,800 | 50,104 | N/A | 48,356 | 50,069 | N/A | 48,356 | 49,939 | ||||||||||||||||||||||||||||||||||
Equity | N/A | 22,040 | 27,016 | N/A | 17,733 | 20,647 | N/A | 28,543 | 34,277 | N/A | 23,097 | 28,282 | ||||||||||||||||||||||||||||||||||
Total | $ | 1,572,797 | $ | 1,627,695 | $ | 1,642,635 | $ | 1,336,708 | $ | 1,386,209 | $ | 1,397,701 | $ | 1,801,456 | $ | 1,858,068 | $ | 1,867,653 | $ | 1,610,630 | $ | 1,663,122 | $ | 1,674,438 |
(1) | GCIC SLF’s proceeds from the LLC equity interests invested in GCIC SLF were utilized by GCIC SLF to invest in senior secured loans. |
As of June 30, 2018 | As of September 30, 2017 | As of December 31, 2018 | As of September 30, 2018 | |||||||||||||||||||||||
Amortized Cost: | ||||||||||||||||||||||||||
United States | ||||||||||||||||||||||||||
Mid-Atlantic | $ | 314,459 | 19.3 | % | $ | 248,290 | 17.9 | % | $ | 364,723 | 19.6 | % | $ | 329,743 | 19.8 | % | ||||||||||
Midwest | 334,479 | 20.6 | 358,990 | 25.9 | 415,068 | 22.4 | 367,463 | 22.1 | ||||||||||||||||||
West | 237,053 | 14.6 | 181,740 | 13.1 | 247,402 | 13.3 | 238,063 | 14.3 | ||||||||||||||||||
Southeast | 317,556 | 19.5 | 286,057 | 20.6 | 388,769 | 20.9 | 357,059 | 21.5 | ||||||||||||||||||
Southwest | 179,589 | 11.0 | 122,242 | 8.8 | 219,350 | 11.8 | 162,285 | 9.7 | ||||||||||||||||||
Northeast | 212,043 | 13.0 | 156,817 | 11.3 | 170,730 | 9.2 | 175,761 | 10.6 | ||||||||||||||||||
Canada | 32,516 | 2.0 | 32,073 | 2.4 | 45,071 | 2.4 | 32,748 | 2.0 | ||||||||||||||||||
United Kingdom | 6,955 | 0.4 | — | — | ||||||||||||||||||||||
Total | $ | 1,627,695 | 100.0 | % | $ | 1,386,209 | 100.0 | % | $ | 1,858,068 | 100.0 | % | $ | 1,663,122 | 100.0 | % | ||||||||||
Fair Value: | ||||||||||||||||||||||||||
United States | ||||||||||||||||||||||||||
Mid-Atlantic | $ | 317,708 | 19.3 | % | $ | 251,278 | 18.0 | % | $ | 368,099 | 19.7 | % | $ | 333,327 | 19.9 | % | ||||||||||
Midwest | 335,094 | 20.4 | 358,219 | 25.6 | 414,224 | 22.2 | 366,439 | 21.9 | ||||||||||||||||||
West | 239,548 | 14.6 | 184,438 | 13.2 | 247,934 | 13.3 | 239,414 | 14.3 | ||||||||||||||||||
Southeast | 319,519 | 19.5 | 288,780 | 20.7 | 392,260 | 21.0 | 359,417 | 21.4 | ||||||||||||||||||
Southwest | 180,874 | 11.0 | 122,670 | 8.8 | 219,603 | 11.7 | 163,550 | 9.8 | ||||||||||||||||||
Northeast | 216,857 | 13.2 | 159,684 | 11.4 | 173,552 | 9.3 | 179,255 | 10.7 | ||||||||||||||||||
Canada | 33,035 | 2.0 | 32,632 | 2.3 | 45,039 | 2.4 | 33,036 | 2.0 | ||||||||||||||||||
United Kingdom | 6,942 | 0.4 | — | — | ||||||||||||||||||||||
Total | $ | 1,642,635 | 100.0 | % | $ | 1,397,701 | 100.0 | % | $ | 1,867,653 | 100.0 | % | $ | 1,674,438 | 100.0 | % |
As of June 30, 2018 | As of September 30, 2017 | As of December 31, 2018 | As of September 30, 2018 | |||||||||||||||||||||||
Amortized Cost: | ||||||||||||||||||||||||||
Aerospace and Defense | $ | 25,726 | 1.6 | % | $ | 22,539 | 1.6 | % | $ | 26,356 | 1.4 | % | $ | 25,704 | 1.6 | % | ||||||||||
Automobile | 16,708 | 1.0 | 58,138 | 4.2 | 24,797 | 1.3 | 19,007 | 1.2 | ||||||||||||||||||
Beverage, Food and Tobacco | 83,358 | 5.1 | 69,045 | 5.0 | 98,586 | 5.3 | 98,376 | 5.9 | ||||||||||||||||||
Broadcasting and Entertainment | 683 | 0.0 | * | 688 | 0.0 | * | 680 | 0.0 | * | 682 | 0.0 | * | ||||||||||||||
Buildings and Real Estate | 49,197 | 3.0 | 49,135 | 3.6 | 50,806 | 2.7 | 48,911 | 2.9 | ||||||||||||||||||
Chemicals, Plastics and Rubber | 1,562 | 0.1 | 1,075 | 0.1 | 7,596 | 0.4 | 7,595 | 0.5 | ||||||||||||||||||
Diversified/Conglomerate Manufacturing | 46,958 | 2.9 | 44,499 | 3.2 | 58,642 | 3.2 | 55,120 | 3.3 | ||||||||||||||||||
Diversified/Conglomerate Service | 463,101 | 28.5 | 285,360 | 20.6 | 602,582 | 32.4 | 525,869 | 31.6 | ||||||||||||||||||
Ecological | 20,460 | 1.3 | 18,304 | 1.3 | 21,732 | 1.2 | 21,171 | 1.3 | ||||||||||||||||||
Electronics | 122,056 | 7.5 | 123,756 | 8.9 | 151,385 | 8.2 | 133,854 | 8.1 | ||||||||||||||||||
Grocery | 118 | 0.0 | * | 123 | 0.0 | * | 190 | 0.0 | * | 193 | 0.0 | * | ||||||||||||||
Healthcare, Education and Childcare | 339,342 | 20.9 | 270,217 | 19.5 | 340,751 | 18.3 | 320,847 | 19.3 | ||||||||||||||||||
Home and Office Furnishings, Housewares, and Durable Consumer | 9,610 | 0.6 | 10,187 | 0.7 | 8,313 | 0.5 | 8,169 | 0.5 | ||||||||||||||||||
Hotels, Motels, Inns, and Gaming | 12,289 | 0.8 | 11,138 | 0.8 | 12,249 | 0.7 | 12,268 | 0.7 | ||||||||||||||||||
Insurance | 52,624 | 3.2 | 32,050 | 2.3 | 63,956 | 3.4 | 58,813 | 3.5 | ||||||||||||||||||
Investment Funds and Vehicles | 52,294 | 3.2 | 49,800 | 3.6 | 48,356 | 2.6 | 48,356 | 2.9 | ||||||||||||||||||
Leisure, Amusement, Motion Pictures, Entertainment | 56,728 | 3.5 | 52,209 | 3.8 | 54,516 | 2.9 | 54,920 | 3.3 | ||||||||||||||||||
Mining, Steel, Iron and Non-Precious Metals | 197 | 0.0 | * | 208 | 0.0 | * | 190 | 0.0 | * | 195 | 0.0 | * | ||||||||||||||
Oil and Gas | 38,082 | 2.3 | 16,948 | 1.2 | 14,980 | 0.8 | 13,733 | 0.8 | ||||||||||||||||||
Personal and Non Durable Consumer Products (Mfg. Only) | 29,604 | 1.8 | 29,474 | 2.1 | 32,707 | 1.8 | 30,131 | 1.8 | ||||||||||||||||||
Personal, Food and Miscellaneous Services | 107,142 | 6.6 | 98,161 | 7.1 | 80,460 | 4.3 | 75,414 | 4.5 | ||||||||||||||||||
Printing and Publishing | 737 | 0.0 | * | 20,899 | 1.5 | 4,615 | 0.3 | 4,627 | 0.3 | |||||||||||||||||
Retail Stores | 87,687 | 5.4 | 106,377 | 7.7 | 142,214 | 7.7 | 87,747 | 5.3 | ||||||||||||||||||
Telecommunications | 6,269 | 0.4 | 7,189 | 0.5 | 6,249 | 0.3 | 6,259 | 0.4 | ||||||||||||||||||
Textiles and Leather | 1,888 | 0.1 | 1,898 | 0.2 | 1,882 | 0.1 | 1,885 | 0.1 | ||||||||||||||||||
Utilities | 3,275 | 0.2 | 6,792 | 0.5 | 3,278 | 0.2 | 3,276 | 0.2 | ||||||||||||||||||
Total | $ | 1,627,695 | 100.0 | % | $ | 1,386,209 | 100.0 | % | $ | 1,858,068 | 100.0 | % | $ | 1,663,122 | 100.0 | % |
As of June 30, 2018 | As of September 30, 2017 | As of December 31, 2018 | As of September 30, 2018 | |||||||||||||||||||||||
Fair Value: | ||||||||||||||||||||||||||
Aerospace and Defense | $ | 26,326 | 1.6 | % | $ | 22,970 | 1.7 | % | $ | 27,062 | 1.5 | % | $ | 26,445 | 1.6 | % | ||||||||||
Automobile | 16,648 | 1.0 | 58,724 | 4.2 | 24,974 | 1.3 | 19,208 | 1.1 | ||||||||||||||||||
Beverage, Food and Tobacco | 84,111 | 5.1 | 69,322 | 5.0 | 99,129 | 5.3 | 99,054 | 5.9 | ||||||||||||||||||
Broadcasting and Entertainment | 688 | 0.1 | 694 | 0.1 | 681 | 0.0 | * | 683 | 0.1 | |||||||||||||||||
Buildings and Real Estate | 49,156 | 3.0 | 49,333 | 3.5 | 49,610 | 2.7 | 48,701 | 2.9 | ||||||||||||||||||
Chemicals, Plastics and Rubber | 1,563 | 0.1 | 1,099 | 0.1 | 7,683 | 0.4 | 7,607 | 0.5 | ||||||||||||||||||
Diversified/Conglomerate Manufacturing | 46,518 | 2.8 | 43,639 | 3.1 | 58,466 | 3.1 | 54,681 | 3.3 | ||||||||||||||||||
Diversified/Conglomerate Service | 469,183 | 28.6 | 289,884 | 20.7 | 609,608 | 32.6 | 532,571 | 31.8 | ||||||||||||||||||
Ecological | 20,702 | 1.3 | 18,700 | 1.3 | 22,036 | 1.2 | 21,416 | 1.3 | ||||||||||||||||||
Electronics | 124,366 | 7.6 | 125,426 | 9.0 | 153,588 | 8.2 | 136,119 | 8.1 | ||||||||||||||||||
Grocery | 119 | 0.0 | * | 124 | 0.0 | * | 182 | 0.0 | * | 191 | 0.0 | * | ||||||||||||||
Healthcare, Education and Childcare | 337,219 | 20.5 | 271,283 | 19.4 | 334,959 | 17.9 | 316,305 | 18.8 | ||||||||||||||||||
Home and Office Furnishings, Housewares, and Durable Consumer | 9,494 | 0.6 | 9,293 | 0.7 | 8,036 | 0.4 | 8,194 | 0.5 | ||||||||||||||||||
Hotels, Motels, Inns, and Gaming | 12,284 | 0.7 | 11,345 | 0.8 | 12,407 | 0.7 | 12,438 | 0.7 | ||||||||||||||||||
Insurance | 53,518 | 3.3 | 32,706 | 2.4 | 64,750 | 3.5 | 59,643 | 3.6 | ||||||||||||||||||
Investment Funds and Vehicles | 54,004 | 3.3 | 50,104 | 3.6 | 50,069 | 2.7 | 49,939 | 3.0 | ||||||||||||||||||
Leisure, Amusement, Motion Pictures and Entertainment | 56,711 | 3.5 | 52,466 | 3.8 | 54,497 | 2.9 | 55,000 | 3.3 | ||||||||||||||||||
Mining, Steel, Iron and Non-Precious Metals | 173 | 0.0 | * | 160 | 0.0 | * | 191 | 0.0 | * | 196 | 0.0 | * | ||||||||||||||
Oil and Gas | 38,316 | 2.3 | 16,919 | 1.2 | 15,203 | 0.8 | 13,881 | 0.8 | ||||||||||||||||||
Personal and Non-Durable Consumer Products (Mfg. Only) | 29,739 | 1.8 | 29,624 | 2.1 | 32,838 | 1.8 | 30,283 | 1.8 | ||||||||||||||||||
Personal, Food and Miscellaneous Services | 110,336 | 6.7 | 98,359 | 7.0 | 81,935 | 4.4 | 76,775 | 4.6 | ||||||||||||||||||
Printing and Publishing | 705 | 0.0 | * | 21,385 | 1.5 | 4,590 | 0.3 | 4,568 | 0.3 | |||||||||||||||||
Retail Stores | 89,267 | 5.4 | 107,958 | 7.7 | 143,711 | 7.7 | 89,072 | 5.3 | ||||||||||||||||||
Telecommunications | 6,356 | 0.4 | 7,278 | 0.5 | 6,324 | 0.3 | 6,340 | 0.4 | ||||||||||||||||||
Textiles and Leather | 1,839 | 0.1 | 1,932 | 0.1 | 1,830 | 0.1 | 1,834 | 0.1 | ||||||||||||||||||
Utilities | 3,294 | 0.2 | 6,974 | 0.5 | 3,294 | 0.2 | 3,294 | 0.2 | ||||||||||||||||||
Total | $ | 1,642,635 | 100.0 | % | $ | 1,397,701 | 100.0 | % | $ | 1,867,653 | 100.0 | % | $ | 1,674,438 | 100.0 | % |
As of June 30, 2018 | As of September 30, 2017 | As of December 31, 2018 | As of September 30, 2018 | |||||||||||||||||||||||||||
Committed | Funded(1) | Committed | Funded(1) | Committed | Funded(1) | Committed | Funded(1) | |||||||||||||||||||||||
LLC equity commitments | $ | 125,000 | $ | 59,764 | $ | 125,000 | $ | 56,914 | $ | 125,000 | $ | 55,264 | $ | 125,000 | $ | 55,264 | ||||||||||||||
Total | $ | 125,000 | $ | 59,764 | $ | 125,000 | $ | 56,914 | $ | 125,000 | $ | 55,264 | $ | 125,000 | $ | 55,264 |
(1) | Funded LLC equity commitments are presented net of return of capital distributions subject to recall. |
As of | As of | As of | As of | |||||||||||
June 30, 2018 | September 30, 2017 | December 31, 2018 | September 30, 2018 | |||||||||||
Senior secured loans (1) | $ | 162,539 | $ | 162,815 | $ | 127,307 | $ | 134,270 | ||||||
Weighted average current interest rate on senior secured loans (2) | 7.5 | % | 6.4 | % | 7.7 | % | 7.4 | % | ||||||
Number of borrowers in GCIC SLF | 37 | 40 | 32 | 33 | ||||||||||
Largest portfolio company investments (1) | $ | 8,900 | $ | 8,928 | $ | 8,307 | $ | 8,357 | ||||||
Total of five largest portfolio company investments (1) | $ | 38,793 | $ | 39,540 | $ | 34,114 | $ | 33,966 |
(1) | At principal amount. |
(2) | Computed as the (a) annual stated interest rate on accruing senior secured loans divided by (b) total senior secured loans at principal amount. |
GCIC SLF Investment Portfolio as of June 30, 2018 | ||||||||||||||||||||||||||||||||||
GCIC SLF Investment Portfolio as of December 31, 2018 | GCIC SLF Investment Portfolio as of December 31, 2018 | |||||||||||||||||||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | ||||||||||||||||||||||
1A Smart Start LLC | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 6.8 | % | $ | 1,341 | $ | 1,346 | |||||||||||||||||||||||||
1A Smart Start LLC (3) | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 6.6 | 596 | 597 | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 7.0 | % | $ | 1,925 | $ | 1,918 | |||||||||||||||||||
Aimbridge Hospitality, LLC (3) | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.1 | 5,955 | 5,866 | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.5 | 5,925 | 5,925 | ||||||||||||||||||||||
Aimbridge Hospitality, LLC (3) | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.1 | 238 | 238 | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.5 | 236 | 236 | ||||||||||||||||||||||
Boot Barn, Inc. | Retail Stores | Senior loan | 06/2021 | 6.8 | 5,001 | 5,001 | ||||||||||||||||||||||||||||
Boot Barn, Inc.(3) | Retail Stores | Senior loan | 06/2021 | 7.3 | 5,001 | 5,001 | ||||||||||||||||||||||||||||
Brandmuscle, Inc. | Printing and Publishing | Senior loan | 12/2021 | 7.6 | 3,800 | 3,797 | ||||||||||||||||||||||||||||
Brandmuscle, Inc. | Printing and Publishing | Senior loan | 12/2021 | 7.1 | 4,023 | 4,020 | Printing and Publishing | Senior loan | 12/2021 | N/A(4) | — | — | ||||||||||||||||||||||
Captain D's, LLC (3) | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 6.6 | 5,963 | 5,963 | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 7.3 | 5,933 | 5,933 | ||||||||||||||||||||||
Captain D's, LLC (3) | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 6.6 | 8 | 8 | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 8.2 | 25 | 25 | ||||||||||||||||||||||
CLP Healthcare Services, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2020 | 7.6 | 2,034 | 1,993 | Healthcare, Education and Childcare | Senior loan | 12/2020 | 8.0 | 2,023 | 2,023 | ||||||||||||||||||||||
CLP Healthcare Services, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2020 | 7.6 | 1,025 | 1,004 | Healthcare, Education and Childcare | Senior loan | 12/2020 | 8.0 | 1,019 | 1,019 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.6 | 2,079 | 2,079 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 8.3 | 2,069 | 2,069 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.6 | 1,045 | 1,045 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 8.3 | 1,040 | 1,040 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.6 | 58 | 58 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 8.3 | 58 | 58 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.6 | 40 | 40 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 8.3 | 40 | 40 | ||||||||||||||||||||||
Curo Health Services LLC (3) | Healthcare, Education and Childcare | Senior loan | 02/2022 | 8.0 | 4,838 | 4,850 | ||||||||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | N/A(4) | — | — | ||||||||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 3,070 | 3,070 | Retail Stores | Senior loan | 06/2020 | 8.6 | 3,054 | 3,054 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 1,235 | 1,235 | Retail Stores | Senior loan | 06/2020 | 8.6 | 1,228 | 1,228 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 635 | 635 | Retail Stores | Senior loan | 06/2020 | 8.6 | 632 | 632 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 7.8 | 377 | 377 | Retail Stores | Senior loan | 06/2020 | 8.6 | 215 | 215 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 216 | 216 | Retail Stores | Senior loan | 06/2020 | 8.6 | 96 | 96 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 96 | 96 | Retail Stores | Senior loan | 06/2020 | 8.6 | 92 | 92 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 92 | 92 | Retail Stores | Senior loan | 06/2020 | N/A(4) | — | — | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 9.5 | 20 | 20 | Retail Stores | Senior loan | 06/2020 | N/A(4) | — | — | ||||||||||||||||||||||
Encore GC Acquisition, LLC | Healthcare, Education and Childcare | Senior loan | 01/2020 | 7.7 | 2,026 | 2,026 | Healthcare, Education and Childcare | Senior loan | 01/2020 | 7.8 | 1,991 | 1,991 | ||||||||||||||||||||||
Encore GC Acquisition, LLC | Healthcare, Education and Childcare | Senior loan | 01/2020 | N/A(4) | — | — | ||||||||||||||||||||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.1 | 2,669 | 2,669 | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.6 | 2,656 | 2,656 | ||||||||||||||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.1 | 741 | 741 | ||||||||||||||||||||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.6 | 737 | 737 | ||||||||||||||||||||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 9.5 | 136 | 136 | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 10.0 | 136 | 136 | ||||||||||||||||||||||
G & H Wire Company, Inc (3) | Healthcare, Education and Childcare | Senior loan | 09/2023 | 7.8 | 5,955 | 5,955 | Healthcare, Education and Childcare | Senior loan | 09/2023 | 8.4 | 5,754 | 5,754 | ||||||||||||||||||||||
Gamma Technologies, LLC (3) | Electronics | Senior loan | 06/2024 | 7.6 | 4,389 | 4,351 | Electronics | Senior loan | 06/2024 | 8.0 | 4,367 | 4,367 | ||||||||||||||||||||||
III US Holdings, LLC | Diversified/Conglomerate Service | Senior loan | 09/2022 | 8.8 | 4,887 | 4,887 | Diversified/Conglomerate Service | Senior loan | 09/2022 | 9.3 | 4,533 | 4,533 | ||||||||||||||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 03/2024 | 6.6 | 1,973 | 1,973 | Buildings and Real Estate | Senior loan | 03/2024 | 7.0 | 1,973 | 1,973 | ||||||||||||||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 03/2024 | 6.6 | 103 | 103 | Buildings and Real Estate | Senior loan | 03/2024 | 7.3 | 103 | 103 | ||||||||||||||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 03/2024 | 6.6 | 55 | 55 | Buildings and Real Estate | Senior loan | 03/2024 | 7.3 | 55 | 55 | ||||||||||||||||||||||
Mediaocean LLC | Diversified/Conglomerate Service | Senior loan | 08/2020 | N/A(4) | — | — | ||||||||||||||||||||||||||||
Mills Fleet Farm Group LLC (3) | Retail Stores | Senior loan | 02/2022 | 7.6 | 6,000 | 6,000 | Retail Stores | Senior loan | 10/2024 | 8.8 | 6,000 | 6,000 | ||||||||||||||||||||||
NBC Intermediate, LLC | Beverage, Food and Tobacco | Senior loan | 09/2023 | 6.4 | 2,686 | 2,686 | Beverage, Food and Tobacco | Senior loan | 09/2023 | 6.8 | 2,565 | 2,565 | ||||||||||||||||||||||
Pasternack Enterprises, Inc. and Fairview Microwave, Inc | Diversified/Conglomerate Manufacturing | Senior loan | 05/2022 | 9.0 | 4,975 | 4,975 | ||||||||||||||||||||||||||||
NBC Intermediate, LLC | Beverage, Food and Tobacco | Senior loan | 09/2023 | N/A(4) | — | — | ||||||||||||||||||||||||||||
Pasternack Enterprises, Inc. and Fairview Microwave, Inc(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2025 | 6.5 | 4,950 | 4,950 | ||||||||||||||||||||||||||||
Polk Acquisition Corp. (3) | Automobile | Senior loan | 06/2022 | 7.1 | 8,233 | 8,068 | Automobile | Senior loan | 06/2022 | 7.5 | 8,189 | 8,026 | ||||||||||||||||||||||
Polk Acquisition Corp. | Automobile | Senior loan | 06/2022 | 7.3 | 53 | 52 | Automobile | Senior loan | 06/2022 | 7.8 | 65 | 63 | ||||||||||||||||||||||
Polk Acquisition Corp. | Automobile | Senior loan | 06/2022 | 7.1 | 50 | 48 | Automobile | Senior loan | 06/2022 | 7.5 | 53 | 52 | ||||||||||||||||||||||
Premise Health Holding Corp. (3) | Healthcare, Education and Childcare | Senior loan | 06/2020 | 6.8 | 5,880 | 5,880 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc.(3) | Healthcare, Education and Childcare | Senior loan | 08/2020 | 9.0 | 2,445 | 2,420 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.9 | 2,457 | 2,457 | Healthcare, Education and Childcare | Senior loan | 08/2020 | 9.0 | 370 | 366 | ||||||||||||||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.9 | 167 | 167 | Healthcare, Education and Childcare | Senior loan | 08/2020 | 9.0 | 148 | 146 | ||||||||||||||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.6 | 149 | 149 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.9 | 55 | 55 | ||||||||||||||||||||||||||||
Radiology Partners, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 12/2023 | 9.8 | 8,061 | 8,061 |
GCIC SLF Investment Portfolio as of June 30, 2018 - (continued) | |||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | |||||||||||
Radiology Partners, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 12/2023 | 9.8 | % | $ | 149 | $ | 149 | ||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.3 | 5,985 | 5,985 | |||||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.3 | 626 | 626 | |||||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.1 | 543 | 543 | |||||||||||
RSC Acquisition, Inc. (3) | Insurance | Senior loan | 11/2022 | 6.8 | 3,306 | 3,306 | |||||||||||
RSC Acquisition, Inc. (3) | Insurance | Senior loan | 11/2021 | 6.8 | 33 | 33 | |||||||||||
Rubio's Restaurants, Inc (3) | Beverage, Food and Tobacco | Senior loan | 10/2019 | 7.6 | 1,663 | 1,663 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 04/2019 | 7.6 | 1,346 | 1,346 | |||||||||||
Saldon Holdings, Inc. (3) | Diversified/Conglomerate Service | Senior loan | 09/2022 | 6.6 | 1,958 | 1,958 | |||||||||||
SEI, Inc. (3) | Electronics | Senior loan | 07/2023 | 7.3 | 5,191 | 5,191 | |||||||||||
Self Esteem Brands, LLC (3) | Leisure, Amusement, Motion Pictures, Entertainment | Senior loan | 02/2020 | 6.8 | 5,890 | 5,890 | |||||||||||
Severin Acquisition, LLC (3) | Diversified/Conglomerate Service | Senior loan | 07/2021 | 7.2 | 7,788 | 7,788 | |||||||||||
Severin Acquisition, LLC (3) | Diversified/Conglomerate Service | Senior loan | 07/2021 | 7.4 | 1,071 | 1,074 | |||||||||||
Severin Acquisition, LLC (3) | Diversified/Conglomerate Service | Senior loan | 07/2021 | 7.1 | 41 | 41 | |||||||||||
Summit Behavioral Healthcare, LLC (3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.1 | 5,970 | 5,970 | |||||||||||
Summit Behavioral Healthcare, LLC (3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.1 | 46 | 46 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.1 | 1,088 | 1,088 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.8 | 853 | 853 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.8 | 159 | 159 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.9 | 58 | 58 | |||||||||||
Upstream Intermediate, LLC | Healthcare, Education and Childcare | Senior loan | 01/2024 | 6.8 | 3,585 | 3,585 | |||||||||||
Vendor Credentialing Service LLC (3) | Diversified/Conglomerate Service | Senior loan | 11/2021 | 8.1 | 5,939 | 5,939 | |||||||||||
WHCG Management, LLC (3) | Healthcare, Education and Childcare | Senior loan | 03/2023 | 7.3 | 2,185 | 2,185 | |||||||||||
WIRB-Copernicus Group, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2022 | 6.3 | 5,381 | 5,381 | |||||||||||
$ | 162,539 | $ | 162,200 |
GCIC SLF Investment Portfolio as of December 31, 2018 - (continued) | |||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | |||||||||||
Pyramid Healthcare, Inc.(5) | Healthcare, Education and Childcare | Senior loan | 08/2020 | N/A(4) | $ | — | $ | (2 | ) | ||||||||
Reladyne, Inc.(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.4 | 5,955 | 5,955 | |||||||||||
Reladyne, Inc.(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.4 | 625 | 625 | |||||||||||
Reladyne, Inc.(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.4 | 542 | 542 | |||||||||||
Reladyne, Inc.(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.8 | 246 | 246 | |||||||||||
Reladyne, Inc.(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | N/A(4) | — | — | |||||||||||
RSC Acquisition, Inc.(3) | Insurance | Senior loan | 11/2022 | 7.1 | 3,280 | 3,280 | |||||||||||
RSC Acquisition, Inc.(3) | Insurance | Senior loan | 11/2021 | 7.1 | 25 | 25 | |||||||||||
Rubio's Restaurants, Inc(3) | Beverage, Food and Tobacco | Senior loan | 10/2019 | 8.1 | 1,654 | 1,654 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 04/2019 | 7.8 | 1,276 | 1,276 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 04/2019 | 8.5 | 411 | 411 | |||||||||||
Saldon Holdings, Inc. (3) | Diversified/Conglomerate Service | Senior loan | 09/2022 | 6.8 | 1,811 | 1,811 | |||||||||||
Saldon Holdings, Inc. | Diversified/Conglomerate Service | Senior loan | 09/2022 | N/A(4) | — | — | |||||||||||
SEI, Inc.(3) | Electronics | Senior loan | 07/2023 | 7.8 | 4,761 | 4,761 | |||||||||||
SEI, Inc. | Electronics | Senior loan | 07/2023 | N/A(4) | — | — | |||||||||||
Self Esteem Brands, LLC(3) | Leisure, Amusement, Motion Pictures, Entertainment | Senior loan | 02/2020 | 7.3 | 5,623 | 5,623 | |||||||||||
Self Esteem Brands, LLC | Leisure, Amusement, Motion Pictures, Entertainment | Senior loan | 02/2020 | 9.0 | 83 | 83 | |||||||||||
Summit Behavioral Healthcare, LLC(3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.5 | 5,940 | 5,940 | |||||||||||
Summit Behavioral Healthcare, LLC(3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.5 | 292 | 292 | |||||||||||
Summit Behavioral Healthcare, LLC(3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.4 | 46 | 46 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.7 | 1,083 | 1,029 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.7 | 847 | 804 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.7 | 154 | 147 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.6 | 57 | 54 | |||||||||||
Upstream Intermediate, LLC | Healthcare, Education and Childcare | Senior loan | 01/2024 | 6.8 | 3,567 | 3,567 | |||||||||||
WHCG Management, LLC(3) | Healthcare, Education and Childcare | Senior loan | 03/2023 | 7.8 | 2,174 | 2,131 | |||||||||||
WHCG Management, LLC(3) | Healthcare, Education and Childcare | Senior loan | 03/2023 | N/A(4) | — | — | |||||||||||
WIRB-Copernicus Group, Inc.(3) | Healthcare, Education and Childcare | Senior loan | 08/2022 | 6.8 | 5,354 | 5,354 | |||||||||||
$ | 127,307 | $ | 126,948 |
(1) | Represents the weighted average annual current interest rate as of |
GCIC SLF Investment Portfolio as of September 30, 2017 | |||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | |||||||||||
1A Smart Start LLC | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 6.1 | % | $ | 1,351 | $ | 1,358 | ||||||||
1A Smart Start LLC | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 5.8 | 599 | 599 | |||||||||||
Argon Medical Devices, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2021 | 6.0 | 2,816 | 2,816 | |||||||||||
Boot Barn, Inc. | Retail Stores | Senior loan | 06/2021 | 5.8 | 5,285 | 5,285 | |||||||||||
Brandmuscle, Inc. | Printing and Publishing | Senior loan | 12/2021 | 6.1 | 4,172 | 4,167 | |||||||||||
CLP Healthcare Services, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2020 | 6.6 | 2,049 | 2,008 | |||||||||||
CLP Healthcare Services, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2020 | 6.6 | 1,033 | 1,012 | |||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 6.8 | 2,095 | 2,095 | |||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 6.8 | 1,053 | 1,053 | |||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 6.8 | 59 | 59 | |||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 6.8 | 41 | 41 | |||||||||||
Curo Health Services LLC (3) | Healthcare, Education and Childcare | Senior loan | 02/2022 | 5.3 | 4,875 | 4,890 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.6 | 3,093 | 3,100 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.3 | 1,244 | 1,239 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.6 | 640 | 641 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.6 | 218 | 218 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.6 | 97 | 97 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.5 | 93 | 93 | |||||||||||
Elite Sportswear, L.P. (4) | Retail Stores | Senior loan | 03/2020 | N/A (5) | — | (2 | ) | ||||||||||
Encore GC Acquisition, LLC | Healthcare, Education and Childcare | Senior loan | 01/2020 | 6.8 | 2,108 | 2,108 | |||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 7.1 | 2,690 | 2,690 | |||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 7.1 | 752 | 752 | |||||||||||
Flexan, LLC (3) | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.8 | 21 | 21 | |||||||||||
Gamma Technologies, LLC (3) | Electronics | Senior loan | 06/2021 | 6.0 | 4,411 | 4,411 | |||||||||||
Harvey Tool Company, LLC | Diversified/Conglomerate Manufacturing | Senior loan | 03/2020 | 6.1 | 1,976 | 1,976 | |||||||||||
III US Holdings, LLC | Diversified/Conglomerate Service | Senior loan | 09/2022 | 7.9 | 5,002 | 5,002 | |||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 12/2021 | 6.3 | 1,973 | 1,973 | |||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 12/2021 | 6.4 | 87 | 87 | |||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 12/2021 | 6.4 | 55 | 55 | |||||||||||
Loar Group Inc. | Aerospace and Defense | Senior loan | 01/2022 | 6.0 | 1,939 | 1,939 | |||||||||||
Loar Group Inc. | Aerospace and Defense | Senior loan | 01/2022 | 6.0 | 1,337 | 1,337 | |||||||||||
Mills Fleet Farm Group LLC (3) | Retail Stores | Senior loan | 02/2022 | 6.7 | 6,000 | 6,000 | |||||||||||
Park Place Technologies LLC (3) | Electronics | Senior loan | 06/2022 | 6.3 | 5,996 | 5,936 | |||||||||||
Pasternack Enterprises, Inc. and Fairview Microwave, Inc | Diversified/Conglomerate Manufacturing | Senior loan | 05/2022 | 6.2 | 5,013 | 5,013 | |||||||||||
Polk Acquisition Corp. (3) | Automobile | Senior loan | 06/2022 | 6.2 | 8,297 | 8,131 | |||||||||||
Polk Acquisition Corp. | Automobile | Senior loan | 06/2022 | 6.7 | 83 | 81 | |||||||||||
Polk Acquisition Corp. | Automobile | Senior loan | 06/2022 | 6.2 | 53 | 52 | |||||||||||
PowerPlan Holdings, Inc. (3) | Utilities | Senior loan | 02/2022 | 6.5 | 7,126 | 7,126 | |||||||||||
Premise Health Holding Corp. (3) | Healthcare, Education and Childcare | Senior loan | 06/2020 | 5.8 | 5,925 | 5,925 | |||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 7.7 | 2,346 | 2,346 | |||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 7.9 | 144 | 144 | |||||||||||
Radiology Partners, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 09/2020 | 7.1 | 7,095 | 7,095 | |||||||||||
Radiology Partners, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 09/2020 | 7.1 | 542 | 542 | |||||||||||
Radiology Partners, Inc. | Healthcare, Education and Childcare | Senior loan | 09/2020 | 7.1 | 460 | 460 | |||||||||||
RSC Acquisition, Inc. (3) | Insurance | Senior loan | 11/2022 | 6.6 | 3,323 | 3,323 |
GCIC SLF Investment Portfolio as of September 30, 2017 - (continued) | |||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | |||||||||||
RSC Acquisition, Inc. | Insurance | Senior loan | 11/2020 | 6.1 | % | $ | 15 | $ | 15 | ||||||||
Rubio's Restaurants, Inc. | Beverage, Food and Tobacco | Senior loan | 11/2018 | 6.1 | 1,676 | 1,676 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 06/2018 | 6.6 | 1,501 | 1,501 | |||||||||||
Saldon Holdings, Inc. (3) | Diversified/Conglomerate Service | Senior loan | 09/2022 | 5.8 | 2,028 | 2,003 | |||||||||||
Sarnova HC, LLC | Healthcare, Education and Childcare | Senior loan | 01/2022 | 6.0 | 3,301 | 3,301 | |||||||||||
SEI, Inc. (3) | Electronics | Senior loan | 07/2021 | 6.0 | 5,217 | 5,217 | |||||||||||
Self Esteem Brands, LLC (3) | Leisure, Amusement, Motion Pictures, Entertainment | Senior loan | 02/2020 | 6.0 | 6,443 | 6,443 | |||||||||||
Severin Acquisition, LLC (3) | Diversified/Conglomerate Service | Senior loan | 07/2021 | 6.1 | 7,848 | 7,844 | |||||||||||
Severin Acquisition, LLC | Diversified/Conglomerate Service | Senior loan | 07/2021 | 6.2 | 1,079 | 1,083 | |||||||||||
Smashburger Finance LLC | Beverage, Food and Tobacco | Senior loan | 05/2018 | 6.8 | 5,291 | 4,603 | |||||||||||
Smashburger Finance LLC | Beverage, Food and Tobacco | Senior loan | 05/2018 | 6.8 | 418 | 364 | |||||||||||
Smashburger Finance LLC | Beverage, Food and Tobacco | Senior loan | 05/2018 | 6.8 | 417 | 363 | |||||||||||
Smashburger Finance LLC | Beverage, Food and Tobacco | Senior loan | 05/2018 | 6.8 | 416 | 362 | |||||||||||
Smashburger Finance LLC | Beverage, Food and Tobacco | Senior loan | 05/2018 | 6.8 | 415 | 361 | |||||||||||
Smashburger Finance LLC (4) | Beverage, Food and Tobacco | Senior loan | 05/2018 | N/A (5) | — | (90 | ) | ||||||||||
Tate's Bake Shop, Inc. (3) | Beverage, Food and Tobacco | Senior loan | 08/2019 | 6.3 | 705 | 705 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 5.6 | 1,097 | 1,097 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.1 | 859 | 859 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.1 | 165 | 165 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.1 | 61 | 61 | |||||||||||
Transaction Data Systems, Inc. | Diversified/Conglomerate Service | Senior loan | 06/2021 | 6.6 | 3,892 | 3,892 | |||||||||||
Transaction Data Systems, Inc. | Diversified/Conglomerate Service | Senior loan | 06/2020 | 5.8 | 22 | 21 | |||||||||||
Vendor Credentialing Service LLC (3) | Diversified/Conglomerate Service | Senior loan | 11/2021 | 7.2 | 5,985 | 5,985 | |||||||||||
WHCG Management, LLC (3) | Healthcare, Education and Childcare | Senior loan | 03/2023 | 6.1 | 2,202 | 2,202 | |||||||||||
WIRB-Copernicus Group, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2022 | 6.3 | 5,421 | 5,421 | |||||||||||
Young Innovations, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 01/2019 | 6.3 | 751 | 751 | |||||||||||
Young Innovations, Inc. | Healthcare, Education and Childcare | Senior loan | 01/2019 | 6.3 | 23 | 23 | |||||||||||
$ | 162,815 | $ | 161,522 |
(2) | Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board's valuation process described elsewhere herein. |
(3) | The Company also holds a portion of the first lien senior secured loan in this portfolio company. |
(4) | The entire commitment was unfunded as of December 31, 2018. As such, no interest is being earned on this investment. The investment may be subject to an unused facility fee. |
(5) | The negative fair value is the result of the unfunded commitment being valued below par. |
GCIC SLF Investment Portfolio as of September 30, 2018 | |||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | |||||||||||
1A Smart Start LLC | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 7.0 | % | $ | 1,337 | $ | 1,344 | ||||||||
1A Smart Start LLC (3) | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 6.7 | 595 | 596 | |||||||||||
Aimbridge Hospitality, LLC (3) | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.2 | 5,940 | 5,940 | |||||||||||
Aimbridge Hospitality, LLC (3) | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.2 | 237 | 237 | |||||||||||
Boot Barn, Inc. | Retail Stores | Senior loan | 06/2021 | 6.9 | 5,001 | 5,001 | |||||||||||
Brandmuscle, Inc. | Printing and Publishing | Senior loan | 12/2021 | 7.1 | 4,023 | 4,020 | |||||||||||
Captain D's, LLC (3) | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 6.7 | 5,947 | 5,947 | |||||||||||
Captain D's, LLC (3) | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 7.9 | 23 | 23 | |||||||||||
CLP Healthcare Services, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2020 | 7.9 | 2,028 | 1,988 | |||||||||||
CLP Healthcare Services, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2020 | 7.9 | 1,022 | 1,001 | |||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.9 | 2,074 | 2,074 | |||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.9 | 1,043 | 1,043 | |||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.9 | 58 | 58 | |||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.9 | 40 | 40 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 3,062 | 3,062 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 1,231 | 1,231 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 634 | 634 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 216 | 216 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 96 | 96 | |||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 92 | 92 | |||||||||||
Encore GC Acquisition, LLC | Healthcare, Education and Childcare | Senior loan | 01/2020 | 7.5 | 2,026 | 2,026 | |||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.1 | 2,662 | 2,662 | |||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.1 | 739 | 739 | |||||||||||
Flexan, LLC (3) | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 9.8 | 136 | 136 | |||||||||||
G & H Wire Company, Inc (3) | Healthcare, Education and Childcare | Senior loan | 09/2023 | 8.0 | 5,769 | 5,769 | |||||||||||
Gamma Technologies, LLC (3) | Electronics | Senior loan | 06/2024 | 7.7 | 4,378 | 4,378 | |||||||||||
III US Holdings, LLC | Diversified/Conglomerate Service | Senior loan | 09/2022 | 9.0 | 4,887 | 4,887 | |||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 03/2024 | 6.7 | 1,973 | 1,973 | |||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 03/2024 | 6.7 | 103 | 103 | |||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 03/2024 | 6.7 | 55 | 55 | |||||||||||
Mills Fleet Farm Group LLC (3) | Retail Stores | Senior loan | 02/2022 | 7.7 | 6,000 | 6,000 | |||||||||||
NBC Intermediate, LLC (3) | Beverage, Food and Tobacco | Senior loan | 09/2023 | 6.5 | 2,634 | 2,608 | |||||||||||
NBC Intermediate, LLC (3) | Beverage, Food and Tobacco | Senior loan | 09/2023 | 8.5 | 5 | 4 | |||||||||||
Pasternack Enterprises, Inc. and Fairview Microwave, Inc (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2025 | 6.2 | 4,963 | 4,938 | |||||||||||
Polk Acquisition Corp. (3) | Automobile | Senior loan | 06/2022 | 7.2 | 8,211 | 8,211 | |||||||||||
Polk Acquisition Corp. | Automobile | Senior loan | 06/2022 | 7.5 | 93 | 93 | |||||||||||
Polk Acquisition Corp. | Automobile | Senior loan | 06/2022 | 7.2 | 53 | 53 | |||||||||||
Pyramid Healthcare, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.8 | 2,451 | 2,451 | |||||||||||
Pyramid Healthcare, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.8 | 166 | 166 | |||||||||||
Pyramid Healthcare, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.8 | 148 | 148 | |||||||||||
Pyramid Healthcare, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.8 | 109 | 109 |
GCIC SLF Investment Portfolio as of September 30, 2018 - (continued) | |||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | |||||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.3 | % | $ | 5,970 | $ | 5,970 | ||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.3 | 626 | 626 | |||||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.3 | 543 | 543 | |||||||||||
RSC Acquisition, Inc. (3) | Insurance | Senior loan | 11/2022 | 6.7 | 3,289 | 3,281 | |||||||||||
RSC Acquisition, Inc. (3) | Insurance | Senior loan | 11/2021 | 6.8 | 17 | 17 | |||||||||||
Rubio's Restaurants, Inc (3) | Beverage, Food and Tobacco | Senior loan | 10/2019 | 7.6 | 1,659 | 1,659 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 04/2019 | 7.6 | 1,311 | 1,311 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 04/2019 | 7.6 | 257 | 257 | |||||||||||
Saldon Holdings, Inc. (3) | Diversified/Conglomerate Service | Senior loan | 09/2022 | 6.4 | 1,893 | 1,884 | |||||||||||
SEI, Inc. (3) | Electronics | Senior loan | 07/2023 | 7.5 | 5,178 | 5,178 | |||||||||||
Self Esteem Brands, LLC (3) | Leisure, Amusement, Motion Pictures, Entertainment | Senior loan | 02/2020 | 7.0 | 5,776 | 5,776 | |||||||||||
Summit Behavioral Healthcare, LLC (3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.1 | 5,955 | 5,955 | |||||||||||
Summit Behavioral Healthcare, LLC (3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.1 | 292 | 292 | |||||||||||
Summit Behavioral Healthcare, LLC (3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.1 | 46 | 46 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.9 | 1,086 | 1,064 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.9 | 851 | 834 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.1 | 156 | 153 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.1 | 58 | 57 | |||||||||||
Upstream Intermediate, LLC (3) | Healthcare, Education and Childcare | Senior loan | 01/2024 | 6.6 | 3,576 | 3,576 | |||||||||||
Vendor Credentialing Service LLC (3) | Diversified/Conglomerate Service | Senior loan | 11/2021 | 8.0 | 5,924 | 5,924 | |||||||||||
WHCG Management, LLC (3) | Healthcare, Education and Childcare | Senior loan | 03/2023 | 7.4 | 2,180 | 2,180 | |||||||||||
WIRB-Copernicus Group, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2022 | 6.5 | 5,367 | 5,367 | |||||||||||
$ | 134,270 | $ | 134,102 |
(1) | Represents the weighted average annual current interest rate as of September 30, 2018. |
(2) | Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board's valuation process described elsewhere herein. |
(3) | The Company also holds a portion of the senior secured loan in this portfolio company. |
(4) | The negative fair value is the result of the unfunded commitment being valued below par. |
(5) | The entire commitment was unfunded as of September 30, |
As of June 30, 2018 | As of September 30, 2017 | As of December 31, 2018 | As of September 30, 2018 | |||||||||||
Selected Balance Sheet Information: | ||||||||||||||
Investments, at fair value | $ | 162,200 | $ | 161,522 | $ | 126,948 | $ | 134,102 | ||||||
Cash and other assets | 2,923 | 3,029 | 3,940 | 2,455 | ||||||||||
Total assets | $ | 165,123 | $ | 164,551 | $ | 130,888 | $ | 136,557 | ||||||
Senior credit facility | $ | 103,750 | $ | 108,150 | $ | 73,758 | $ | 79,650 | ||||||
Unamortized debt issuance costs | (730 | ) | (1,199 | ) | (519 | ) | (569 | ) | ||||||
Other liabilities | 384 | 338 | 428 | 403 | ||||||||||
Total liabilities | 103,404 | 107,289 | 73,667 | 79,484 | ||||||||||
Members’ equity | 61,719 | 57,262 | 57,221 | 57,073 | ||||||||||
Total liabilities and members' equity | $ | 165,123 | $ | 164,551 | $ | 130,888 | $ | 136,557 |
Three months ended June 30, | Nine months ended June 30, | Three months ended December 31, | ||||||||||||||||||||
2018 | 2017 | 2018 | 2017 | 2018 | 2017 | |||||||||||||||||
Selected Statement of Operations Information: | ||||||||||||||||||||||
Interest income | $ | 3,241 | $ | 2,478 | $ | 9,274 | $ | 7,531 | $ | 2,573 | $ | 2,811 | ||||||||||
Fee income | — | — | 7 | — | — | 7 | ||||||||||||||||
Total investment income | 3,241 | 2,478 | 9,281 | 7,531 | 2,573 | 2,818 | ||||||||||||||||
Interest and other debt financing expenses | 1,307 | 961 | 3,783 | 3,577 | 954 | 1,193 | ||||||||||||||||
Administrative service fee | 63 | 57 | 179 | 163 | 60 | 54 | ||||||||||||||||
Other expenses | 26 | 25 | 84 | 73 | 25 | 34 | ||||||||||||||||
Total expenses | 1,396 | 1,043 | 4,046 | 3,813 | 1,039 | 1,281 | ||||||||||||||||
Net investment income | 1,845 | 1,435 | 5,235 | 3,718 | 1,534 | 1,537 | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | (54 | ) | (205 | ) | 1,018 | (242 | ) | (202 | ) | 605 | ||||||||||||
Net increase in members' equity | $ | 1,791 | $ | 1,230 | $ | 6,253 | $ | 3,476 | $ | 1,332 | $ | 2,142 |
As of June 30, 2018 | Fair Value Measurements Using | |||||||||||||||||||||||||||||||
As of December 31, 2018 | Fair Value Measurements Using | |||||||||||||||||||||||||||||||
Description | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Assets, at fair value: | ||||||||||||||||||||||||||||||||
Debt investments(1) | $ | — | $ | — | $ | 1,561,615 | $ | 1,561,615 | $ | — | $ | — | $ | 1,783,307 | $ | 1,783,307 | ||||||||||||||||
Equity investments(1) | — | — | 27,016 | 27,016 | — | — | 34,277 | 34,277 | ||||||||||||||||||||||||
Money market funds(1)(2) | 41 | — | — | 41 | ||||||||||||||||||||||||||||
Investment measured at NAV(3)(4) | — | — | — | 54,004 | — | — | — | 50,069 | ||||||||||||||||||||||||
Total assets, at fair value: | $ | 41 | $ | — | $ | 1,588,631 | $ | 1,642,676 | $ | — | $ | — | $ | 1,817,584 | $ | 1,867,653 |
As of September 30, 2017 | Fair Value Measurements Using | |||||||||||||||||||||||||||||||
As of September 30, 2018 | Fair Value Measurements Using | |||||||||||||||||||||||||||||||
Description | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Assets, at fair value: | ||||||||||||||||||||||||||||||||
Debt investments(1) | $ | — | $ | — | $ | 1,326,950 | $ | 1,326,950 | $ | — | $ | — | $ | 1,596,217 | $ | 1,596,217 | ||||||||||||||||
Equity investments(1) | — | — | 20,647 | 20,647 | — | — | 28,282 | 28,282 | ||||||||||||||||||||||||
Money market funds(1)(2) | 3,644 | — | — | 3,644 | 668 | — | — | 668 | ||||||||||||||||||||||||
Investment measured at NAV(3)(4) | — | — | — | 50,104 | — | — | — | 49,939 | ||||||||||||||||||||||||
Total assets, at fair value: | $ | 3,644 | $ | — | $ | 1,347,597 | $ | 1,401,345 | $ | 668 | $ | — | $ | 1,624,499 | $ | 1,675,106 |
(1) | Refer to the Consolidated Schedules of Investments for further details. |
(2) | Included in cash and cash equivalents on the Consolidated Statements of Financial Condition. |
(3) | Certain investments that are measured at fair value using the NAV per share (or its equivalent) of the underlying investment company as a practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Financial Condition. |
(4) | Represents the Company's investment in LLC equity interests in GCIC SLF. The fair value of this investment has been determined using the NAV of the Company’s ownership interest in members’ capital. |
For the nine months ended June 30, 2018 | For the three months ended December 31, 2018 | |||||||||||||||||||||
Debt Investments | Equity Investments | Total Investments | Debt Investments | Equity Investments | Total Investments | |||||||||||||||||
Fair value, beginning of period | $ | 1,326,950 | $ | 20,647 | $ | 1,347,597 | $ | 1,596,217 | $ | 28,282 | $ | 1,624,499 | ||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation | (21 | ) | 2,060 | 2,039 | (2,410 | ) | 549 | (1,861 | ) | |||||||||||||
Realized gain (loss) on investments on foreign currency transactions | (327 | ) | 2,948 | 2,621 | ||||||||||||||||||
Realized gain (loss) on investments | 26 | 12 | 38 | |||||||||||||||||||
Funding of (proceeds from) revolving loans, net | (536 | ) | — | (536 | ) | 1,464 | — | 1,464 | ||||||||||||||
Fundings of investments | 545,951 | 5,841 | 551,792 | 223,996 | 6,124 | 230,120 | ||||||||||||||||
PIK interest | 1,394 | — | 1,394 | 502 | — | 502 | ||||||||||||||||
Proceeds from principal payments and sales of portfolio investments | (318,578 | ) | (4,480 | ) | (323,058 | ) | (38,486 | ) | (690 | ) | (39,176 | ) | ||||||||||
Accretion of discounts and origination fees | 6,782 | — | 6,782 | 1,998 | — | 1,998 | ||||||||||||||||
Fair value, end of period | $ | 1,561,615 | $ | 27,016 | $ | 1,588,631 | $ | 1,783,307 | $ | 34,277 | $ | 1,817,584 |
For the nine months ended June 30, 2017 | For the three months ended December 31, 2017 | |||||||||||||||||||||
Debt Investments | Equity Investments | Total Investments | Debt Investments | Equity Investments | Total Investments | |||||||||||||||||
Fair value, beginning of period | $ | 1,042,600 | $ | 14,071 | $ | 1,056,671 | $ | 1,326,950 | $ | 20,647 | $ | 1,347,597 | ||||||||||
Net change in unrealized appreciation (depreciation) on investments | 2,799 | 2,106 | 4,905 | |||||||||||||||||||
Realized gain (loss) on investments | 293 | 129 | 422 | |||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation | 1,250 | 517 | 1,767 | |||||||||||||||||||
Realized gain (loss) on investments on foreign currency transactions | (562 | ) | 113 | (449 | ) | |||||||||||||||||
Funding of (proceeds from) revolving loans, net | (282 | ) | — | (282 | ) | (851 | ) | — | (851 | ) | ||||||||||||
Fundings of investments | 419,643 | 3,855 | 423,498 | 195,576 | 1,397 | 196,973 | ||||||||||||||||
PIK interest | 1,016 | — | 1,016 | 456 | — | 456 | ||||||||||||||||
Proceeds from principal payments and sales of portfolio investments | (199,047 | ) | (1,014 | ) | (200,061 | ) | (90,342 | ) | (389 | ) | (90,731 | ) | ||||||||||
Noncash proceeds from subordinated notes in GCIC SLF principal payments | (34,917 | ) | — | (34,917 | ) | |||||||||||||||||
Accretion of discounts and origination fees | 4,590 | — | 4,590 | 2,026 | — | 2,026 | ||||||||||||||||
Fair value, end of period | $ | 1,236,695 | $ | 19,147 | $ | 1,255,842 | $ | 1,434,503 | $ | 22,285 | $ | 1,456,788 |
Quantitative information about Level 3 Fair Value Measurements | ||||||||||||||||||
Fair value as of June 30, 2018 | Valuation Techniques | Unobservable Input | Range (Weighted Average) | Fair value as of December 31, 2018 | Valuation Techniques | Unobservable Input | Range (Weighted Average)(1) | |||||||||||
Assets: | ||||||||||||||||||
Senior secured loans | $ | 191,268 | Market rate approach | Market interest rate | 4.0% - 26.8% (7.6%) | $ | 225,982 | Market rate approach | Market interest rate | 4.3% - 10.3% (7.4%) | ||||||||
Market comparable companies | EBITDA multiples | 5.0x - 15.0x (11.4x) | Market comparable companies | EBITDA multiples | 5.0x - 22.7x (11.7x) | |||||||||||||
5,567 | Market comparable | Broker/dealer bids or quotes | N/A | 4,152 | Market comparable | Broker/dealer bids or quotes | N/A | |||||||||||
One stop loans | $ | 1,354,611 | Market rate approach | Market interest rate | 5.5% - 19.0% (8.7%) | $ | 1,546,621 | Market rate approach | Market interest rate | 2.0% - 15.8% (8.8%) | ||||||||
Market comparable companies | EBITDA multiples | 4.5x - 35.0x (14.1x) | Market comparable companies | EBITDA multiples | 4.5x - 35.0x (14.1x) | |||||||||||||
Revenue multiples | 2.5x - 10.2x (5.0x) | Revenue multiples | 1.3x - 6.5x (4.5x) | |||||||||||||||
Subordinated debt | $ | 277 | Market rate approach | Market interest rate | 8.0% - 19.5% (10.4%) | $ | 783 | Market rate approach | Market interest rate | 6.0% - 19.5% (8.1%) | ||||||||
Market comparable companies | EBITDA multiples | 11.0x | Market comparable companies | EBITDA multiples | 11.0x - 13.0x (12.3x) | |||||||||||||
Revenue multiples | 5.1x | Revenue multiples | 3.5x - 4.0x (3.8x) | |||||||||||||||
Equity | $ | 27,016 | Market comparable companies | EBITDA multiples | 4.5x - 28.5x (14.3x) | $ | 34,277 | Market comparable companies | EBITDA multiples | 4.5x - 26.9x (14.8x) | ||||||||
Revenue multiples | 2.5x - 10.2x (5.2x) | Revenue multiples | 1.3x - 5.5x (3.8x) |
(1) | Unobservable inputs were weighted by the relative fair value of the instruments. |
(2) | The fair value of this asset class was determined using the market rate approach as the investments in this asset class were determined not to be credit impaired using the market comparable companies approach. The unobservable inputs for both valuation techniques have been presented, but the fair value as of |
Excludes |
Excludes $494 of non-accrual loans at fair value, which the Company valued using the market comparable companies approach. |
(5) | The Company valued |
The Company valued |
Excludes |
The Company valued |
Quantitative information about Level 3 Fair Value Measurements | ||||||||||||||||||
Fair value as of September 30, 2017 | Valuation Techniques | Unobservable Input | Range (Weighted Average) | Fair value as of September 30, 2018 | Valuation Techniques | Unobservable Input | Range (Weighted Average)(1) | |||||||||||
Assets: | ||||||||||||||||||
Senior secured loans | $ | 157,645 | Market rate approach | Market interest rate | 5.3% - 12.8% (7.0%) | $ | 202,503 | Market rate approach | Market interest rate | 4.3% - 9.9% (7.3%) | ||||||||
Market comparable companies | EBITDA multiples | 5.0x - 17.5x (11.9x) | Market comparable companies | EBITDA multiples | 5.0x - 15.0x (11.7x) | |||||||||||||
7,975 | Market comparable | Broker/dealer bids or quotes | N/A | 4,054 | Market comparable | Broker/dealer bids or quotes | N/A | |||||||||||
One stop loans | $ | 1,160,964 | Market rate approach | Market interest rate | 2.3% - 39.5% (8.0%) | $ | 1,384,183 | Market rate approach | Market interest rate | 2.0% - 13.8% (8.7%) | ||||||||
Market comparable companies | EBITDA multiples | 4.0x - 35.0x (13.3x) | Market comparable companies | EBITDA multiples | 4.5x - 35.0x (14.0x) | |||||||||||||
Revenue multiples | 2.0x - 7.5x (5.1x) | Revenue multiples | 1.3x - 10.2x (4.8x) | |||||||||||||||
Subordinated debt | $ | 55 | Market rate approach | Market interest rate | 19.5% | $ | 280 | Market rate approach | Market interest rate | 8.0% - 19.5% (10.5%) | ||||||||
Market comparable companies | EBITDA multiples | 11.0x | Market comparable companies | EBITDA multiples | 11.0x | |||||||||||||
Equity (4)(5) | $ | 20,647 | Market comparable companies | EBITDA multiples | 4.0x - 28.7x (13.6x) | |||||||||||||
Revenue multiples | 3.5x - 5.8x (4.2x) | Revenue multiples | 5.1x | |||||||||||||||
Equity(7)(8) | $ | 28,282 | Market comparable companies | EBITDA multiples | 4.5x - 28.5x (14.6x) | |||||||||||||
Revenue multiples | 1.3x - 10.2x (4.5x) |
(1) | Unobservable inputs were weighted by the relative fair value of the instruments. |
(2) | The fair value of this asset class was determined using the market rate approach as the investments in this asset class were determined not to be credit impaired using the market comparable companies approach. The unobservable inputs for both valuation techniques have been presented, but the fair value as of September 30, |
Excludes |
Excludes $719 of non-accrual loans at fair value, which the Company valued using the market comparable companies approach. |
(5) | The Company valued |
The Company valued $62 and $218 of subordinated debt using EBITDA and revenue multiples, respectively. All subordinated debt was also valued using the market rate approach. |
(7) | Excludes |
The Company valued |
As of June 30, 2018 | As of September 30, 2017 | As of December 31, 2018 | As of September 30, 2018 | |||||||||||||||||||||||||||
Carrying Value | Fair Value | Carrying Value | Fair Value | Carrying Value | Fair Value | Carrying Value | Fair Value | |||||||||||||||||||||||
Debt | $ | 747,750 | $ | 747,750 | $ | 670,200 | $ | 670,200 | $ | 860,751 | $ | 860,751 | $ | 762,330 | $ | 762,330 | ||||||||||||||
Other short-term borrowings | 12,287 | 12,287 | — | — | 24,719 | 24,719 | — | — |
For the three months ended December 31, | |||||||
2018 | 2017 | ||||||
Stated interest expense | $ | 2,418 | $ | 2,337 | |||
Amortization of debt issuance costs | 1,419 | 193 | |||||
Total interest and other debt financing expenses | $ | 3,837 | $ | 2,530 | |||
Cash paid for interest expense | $ | 4,161 | $ | 2,305 | |||
Annualized average stated interest rate | 4.8 | % | 3.7 | % | |||
Average outstanding balance | $ | 200,353 | $ | 252,500 |
For the three months ended June 30, | For the nine months ended June 30, | For the three months ended December 31, | ||||||||||||||||||||
2018 | 2017 | 2018 | 2017 | 2018 | 2017 | |||||||||||||||||
Stated interest expense | $ | 2,804 | $ | 2,158 | $ | 7,593 | $ | 6,195 | $ | 1,160 | $ | — | ||||||||||
Amortization of debt issuance costs | 191 | 191 | 572 | 570 | 39 | — | ||||||||||||||||
Total interest and other debt financing expenses | $ | 2,995 | $ | 2,349 | $ | 8,165 | $ | 6,765 | $ | 1,199 | $ | — | ||||||||||
Cash paid for interest expense | $ | 2,528 | $ | 2,059 | $ | 7,192 | $ | 5,870 | $ | — | $ | — | ||||||||||
Annualized average stated interest rate | 4.5 | % | 3.4 | % | 4.0 | % | 3.3 | % | 4.1 | % | N/A | |||||||||||
Average outstanding balance | $ | 252,500 | $ | 252,500 | $ | 252,500 | $ | 252,500 | $ | 112,864 | $ | — |
Description | Class A GCIC 2016 Notes | Class B GCIC 2016 Notes | Class A-1 GCIC 2018 Notes | Class A-2 GCIC 2018 Notes | Class B-1 GCIC 2018 Notes | |||||
Type | Senior Secured Floating Rate | Senior Secured Floating Rate | Senior Secured Floating Rate | Senior Secured Fixed Rate | Senior Secured Floating Rate | |||||
Amount Outstanding | $220,000 | $32,500 | $490,000 | $38,500 | $18,000 | |||||
Moody’s Rating | “Aaa” | “Aa1” | ||||||||
Fitch’s Rating | "AAA" | "NR" | "NR" | |||||||
S&P Rating | “AAA” | N/A | "AAA" | "AAA" | "AA" | |||||
Interest Rate | LIBOR + 2.15% | LIBOR + 3.00% | LIBOR + 1.48% | 4.67% | LIBOR + 2.25% |
For the three months ended June 30, | For the nine months ended June 30, | ||||||||||||||
2018 | 2017 | 2018 | 2017 | ||||||||||||
Stated interest expense | $ | 4,136 | $ | 2,332 | $ | 11,400 | $ | 5,442 | |||||||
Facility fees | 76 | 179 | 170 | 719 | |||||||||||
Amortization of debt issuance costs | 264 | 475 | 809 | 1,735 | |||||||||||
Total interest and other debt financing expenses | $ | 4,476 | $ | 2,986 | $ | 12,379 | $ | 7,896 | |||||||
Cash paid for interest expense and facility fees | $ | 4,119 | $ | 2,421 | $ | 11,151 | $ | 5,870 | |||||||
Annualized average stated interest rate | 4.2 | % | 3.4 | % | 3.9 | % | 3.2 | % | |||||||
Average outstanding balance | $ | 392,069 | $ | 278,657 | $ | 385,894 | $ | 230,538 |
For the three months ended December 31, | |||||||
2018 | 2017 | ||||||
Stated interest expense | $ | 4,682 | $ | 3,368 | |||
Facility fees | 80 | 68 | |||||
Amortization of debt issuance costs | 159 | 280 | |||||
Total interest and other debt financing expenses | $ | 4,921 | $ | 3,716 | |||
Cash paid for interest expense and facility fees | $ | 4,926 | $ | 3,209 | |||
Annualized average stated interest rate | 4.5 | % | 3.6 | % | |||
Average outstanding balance | $ | 415,608 | $ | 366,799 |
For the three months ended December 31, | |||||||
2018 | 2017 | ||||||
Facility fees | $ | 3 | $ | — | |||
Amortization of debt issuance costs | 2 | — | |||||
Total interest and other debt financing expenses | $ | 5 | $ | — | |||
Cash paid for interest expense and facility fees | $ | — | $ | — | |||
Annualized average stated interest rate | N/A | N/A | |||||
Average outstanding balance | $ | — | $ | — |
For the three months ended June 30, | For the nine months ended June 30, | For the three months ended December 31, | ||||||||||||||||||||
2018 | 2017 | 2018 | 2017 | 2018 | 2017 | |||||||||||||||||
Stated interest expense | $ | — | $ | — | $ | 5 | $ | — | $ | — | $ | — | ||||||||||
Cash paid for interest expense | $ | — | $ | — | $ | 5 | $ | — | $ | 9 | $ | — | ||||||||||
Annualized average stated interest rate | N/A | N/A | 1.7 | % | N/A | |||||||||||||||||
Average stated interest rate | N/A | N/A | ||||||||||||||||||||
Average outstanding balance | $ | — | $ | — | $ | 353 | $ | — | $ | — | $ | — |
For the three months ended June 30, | For the nine months ended June 30, | For the three months ended December 31, | ||||||||||||||||||||
2018 | 2017 | 2018 | 2017 | 2018 | 2017 | |||||||||||||||||
Stated interest expense | $ | 660 | $ | 416 | $ | 1,813 | $ | 1,183 | $ | 705 | $ | 553 | ||||||||||
Facility fees | — | 18 | — | 18 | 1 | — | ||||||||||||||||
Amortization of debt issuance costs | 71 | 75 | 229 | 217 | 49 | 80 | ||||||||||||||||
Total interest and other debt financing expenses | $ | 731 | $ | 509 | $ | 2,042 | $ | 1,418 | $ | 755 | $ | 633 | ||||||||||
Cash paid for interest expense | $ | 592 | $ | 322 | $ | 1,751 | $ | 1,109 | $ | 496 | $ | 555 | ||||||||||
Annualized average stated interest rate | 3.5 | % | 2.7 | % | 3.2 | % | 2.4 | % | 3.8 | % | 2.9 | % | ||||||||||
Average outstanding balance | $ | 75,000 | $ | 62,760 | $ | 75,000 | $ | 65,426 | $ | 72,972 | $ | 75,000 |
Payments Due by Period | |||||||||||||||||||
Total | Less Than 1 Year | 1 – 3 Years | 3 – 5 Years | More Than 5 Years | |||||||||||||||
GCIC 2018 Debt Securitization | $ | 546,492 | $ | — | $ | — | $ | — | $ | 546,492 | |||||||||
Credit Facility | 253,659 | — | — | 253,659 | — | ||||||||||||||
SMBC Revolver | 60,600 | 60,600 | — | — | — | ||||||||||||||
Other short-term borrowings | 24,719 | 24,719 | — | — | — | ||||||||||||||
Total borrowings | $ | 885,470 | $ | 85,319 | $ | — | $ | 253,659 | $ | 546,492 |
Payments Due by Period | |||||||||||||||||||
Total | Less Than 1 Year | 1 – 3 Years | 3 – 5 Years | More Than 5 Years | |||||||||||||||
GCIC 2016 Debt Securitization | $ | 252,500 | $ | — | $ | — | $ | — | $ | 252,500 | |||||||||
Credit Facility | 420,250 | — | — | 420,250 | — | ||||||||||||||
SMBC Revolver | 75,000 | 75,000 | — | — | — | ||||||||||||||
Revolver | — | — | — | — | — | ||||||||||||||
Other short-term borrowings | 12,287 | 12,287 | — | — | — | ||||||||||||||
Total borrowings | $ | 760,037 | $ | 87,287 | $ | — | $ | 420,250 | $ | 252,500 |
Nine months ended June 30, | Three months ended December 31, | |||||||||||||||||
Per share data:(1) | 2018 | 2017 | 2018 | 2017 | ||||||||||||||
Net asset value at beginning of period | $ | 15.00 | $ | 15.00 | $ | 15.00 | $ | 15.00 | ||||||||||
Distributions declared:(2) | ||||||||||||||||||
From net investment income | (1.04 | ) | (0.96 | ) | (0.28 | ) | (0.31 | ) | ||||||||||
From capital gains | (0.02 | ) | (0.00 | ) | (3) | 0.00 | (0.03 | ) | ||||||||||
Net investment income | 0.95 | 0.83 | 0.31 | 0.30 | ||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 0.05 | (3) | 0.01 | (3) | 0.00 | (3) | (0.01 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation | 0.06 | 0.12 | (0.03 | ) | 0.05 | |||||||||||||
Net asset value at end of period | $ | 15.00 | $ | 15.00 | $ | 15.00 | $ | 15.00 | ||||||||||
Total return based on net asset value per share(4) | 7.30 | % | 6.57 | % | 1.88 | % | 2.29 | % | ||||||||||
Number of common shares outstanding | 59,743,807.048 | 46,829,343.936 | ||||||||||||||||
Number of common shares outstanding at the end of the period | 70,438,775.169 | 54,122,735.354 |
Nine months ended June 30, | Three months ended December 31, | |||||||||||||||||
Listed below are supplemental data and ratios to the financial highlights: | 2018 | 2017 | 2018 | 2017 | ||||||||||||||
Ratio of net investment income to average net assets* | 8.53 | % | 7.47 | % | 8.17 | % | 8.03 | % | ||||||||||
Ratio of total expenses to average net assets(5)* | 8.34 | % | 7.64 | % | 7.82 | % | 7.04 | % | ||||||||||
Ratio of management fee waiver to average net assets * | (0.70 | )% | (0.68 | )% | (0.68 | )% | (0.69 | )% | ||||||||||
Ratio of incentive fee waiver to average net assets | (0.36 | )% | (0.12 | )% | (0.06 | )% | (0.12 | )% | ||||||||||
Ratio of net expenses to average net assets(5)* | 7.28 | % | 6.84 | % | 7.08 | % | 6.23 | % | ||||||||||
Ratio of incentive fees to average net assets | 1.62 | % | 1.29 | % | 0.29 | % | 0.53 | % | ||||||||||
Ratio of total expenses (without incentive fees, incentive fee waiver and management fee waiver) to average net assets(5)* | 6.23 | % | 6.35 | % | 7.40 | % | 6.51 | % | ||||||||||
Total return based on average net asset value(6)* | 9.52 | % | 8.61 | % | 7.59 | % | 9.06 | % | ||||||||||
Net assets at end of period | $ | 896,158 | $ | 702,440 | $ | 1,056,581 | $ | 811,841 | ||||||||||
Average debt outstanding | $ | 715,610 | $ | 548,464 | $ | 821,252 | $ | 694,299 | ||||||||||
Average debt outstanding per share | $ | 11.98 | $ | 11.71 | $ | 11.66 | $ | 12.83 | ||||||||||
Portfolio Turnover* | 29.05 | % | 24.09 | % | 9.93 | % | 24.83 | % | ||||||||||
Asset coverage ratio(7) | 217.43 | % | 210.98 | % | 218.97 | % | 211.68 | % | ||||||||||
Asset coverage ratio per unit(8) | $ | 2,174 | $ | 2,110 | $ | 2,190 | $ | 2,117 | ||||||||||
Average market value per unit(9): | ||||||||||||||||||
2016 Debt Securitization | N/A | N/A | N/A | N/A | ||||||||||||||
2018 Debt Securitization | N/A | N/A | ||||||||||||||||
Credit Facility | N/A | N/A | N/A | N/A | ||||||||||||||
DB Credit Facility | N/A | N/A | ||||||||||||||||
SMBC Revolver | N/A | N/A | N/A | N/A | ||||||||||||||
Revolver | N/A | N/A | N/A | N/A | ||||||||||||||
GEMS Note | N/A | N/A | ||||||||||||||||
Other short-term borrowings | N/A | N/A |
(1) | Based on actual number of shares outstanding at the end of the corresponding period or the weighted average shares outstanding for the period, unless otherwise noted, as appropriate. |
(2) | The per share data for distributions reflect the amount of distributions paid or payable with a record date during the applicable period. |
(3) | Represents an amount less than $0.01 per share. |
(4) | Total return based on net asset value assumes distributions are reinvested in accordance with the DRIP. Total return does not include sales load. |
(5) | Expenses, other than incentive fees, are annualized for a period less than one year. |
(6) | Total return based on average net asset value is calculated as (a) the net increase in net assets resulting from operations divided by (b) the daily average of total net assets. Total return does not include sales load. |
(7) | In accordance with the 1940 Act, with certain limited exceptions, the Company is currently allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 200% after such borrowing. |
(8) | Asset coverage ratio per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage ratio per unit is expressed in terms of dollar amounts per $1,000 of indebtedness. |
(9) | Not applicable because such senior securities are not registered for public trading. |
Three months ended June 30, | Nine months ended June 30, | Three months ended December 31, | ||||||||||||||||||||
2018 | 2017 | 2018 | 2017 | 2018 | 2017 | |||||||||||||||||
Earnings available to stockholders | $ | 20,476 | $ | 14,210 | $ | 58,998 | $ | 41,484 | $ | 18,738 | $ | 17,814 | ||||||||||
Basic and diluted weighted average shares outstanding | 58,083,180 | 45,882,813 | 55,363,298 | 43,006,959 | 65,402,150 | 52,091,851 | ||||||||||||||||
Basic and diluted earnings per share | $ | 0.35 | $ | 0.31 | $ | 1.06 | $ | 0.96 | $ | 0.28 | $ | 0.34 |
Date Declared | Record Date | Payment Date | Shares Outstanding | Amount Per Share | Total Dividends Declared | ||||||||||
For the nine months ended June 30, 2017 | |||||||||||||||
08/03/2016 | 10/24/2016 | 12/30/2016 | 41,087,178.250 | $ | 0.0729 | $ | 2,993 | ||||||||
11/14/2016 | 11/18/2016 | 12/30/2016 | 41,087,178.250 | 0.1469 | 6,034 | ||||||||||
11/14/2016 | 12/26/2016 | 02/27/2017 | 41,442,374.044 | 0.1340 | 5,553 | ||||||||||
11/14/2016 | 01/23/2017 | 02/27/2017 | 41,769,495.016 | 0.0902 | 3,769 | ||||||||||
02/07/2017 | 02/20/2017 | 05/19/2017 | 41,769,495.016 | 0.1050 | 4,385 | ||||||||||
02/07/2017 | 03/24/2017 | 05/19/2017 | 42,104,997.486 | 0.1078 | 4,540 | ||||||||||
02/07/2017 | 04/30/2017 | 07/28/2017 | 44,292,283.019 | 0.1067 | 4,727 | ||||||||||
05/04/2017 | 05/18/2017 | 07/28/2017 | 46,515,568.552 | 0.0982 | 4,566 | ||||||||||
05/04/2017 | 06/16/2017 | 07/28/2017 | 46,829,343.936 | 0.1050 | 4,917 | ||||||||||
Total dividends declared for the nine months ended June 30, 2017 | $ | 41,484 | |||||||||||||
For the nine months ended June 30, 2018 | |||||||||||||||
08/02/2017 | 10/23/2017 | 12/28/2017 | 51,214,683.496 | $ | 0.1122 | $ | 5,745 | ||||||||
11/17/2017 | 11/24/2017 | 12/28/2017 | 51,214,683.496 | 0.1045 | 5,353 | ||||||||||
11/17/2017 | 12/26/2017 | 02/26/2018 | 53,729,533.382 | 0.1250 | 6,716 | ||||||||||
11/17/2017 | 01/23/2018 | 02/26/2018 | 54,122,735.354 | 0.1202 | 6,509 | ||||||||||
02/06/2018 | 02/24/2018 | 05/23/2018 | 55,530,517.674 | 0.1005 | 5,579 | ||||||||||
02/06/2018 | 03/30/2018 | 05/23/2018 | 57,819,693.450 | 0.1491 | 8,620 | ||||||||||
02/06/2018 | 04/27/2018 | 07/24/2018 | 57,819,693.450 | 0.1351 | 7,812 | ||||||||||
05/04/2018 | 05/18/2018 | 07/24/2018 | 57,819,693.450 | 0.1046 | 6,047 | ||||||||||
05/04/2018 | 06/15/2018 | 07/24/2018 | 58,325,385.782 | 0.1135 | 6,617 | ||||||||||
Total dividends declared for the nine months ended June 30, 2018 | $ | 58,998 |
Date Declared | Record Date | Payment Date | Shares Outstanding | Amount Per Share | Total Dividends Declared | ||||||||||
For the three months ended December 31, 2017 | |||||||||||||||
08/02/2017 | 10/23/2017 | 12/28/2017 | 51,214,683.496 | $ | 0.1122 | $ | 5,745 | ||||||||
11/17/2017 | 11/24/2017 | 12/28/2017 | 51,214,683.496 | 0.1045 | 5,353 | ||||||||||
11/17/2017 | 12/26/2017 | 02/26/2018 | 53,729,533.382 | 0.1250 | 6,716 | ||||||||||
Total dividends declared for the three months ended December 31, 2017 | $ | 17,814 | |||||||||||||
For the three months ended December 31, 2018 | |||||||||||||||
08/07/2018 | 10/17/2018 | 12/28/2018 | 64,165,996.549 | $ | 0.0924 | $ | 5,931 | ||||||||
11/27/2018 | 11/28/2018 | 12/28/2018 | 67,103,001.653 | 0.0831 | 5,573 | ||||||||||
11/27/2018 | 12/26/2018 | 02/27/2019 | 70,022,164.056 | 0.1033 | 7,234 | ||||||||||
Total dividends declared for the three months ended December 31, 2018 | $ | 18,738 |
Payment Date | DRIP Shares Issued | NAV ($) per share | DRIP Shares Value | ||||||||
For the three months ended December 31, 2017 | |||||||||||
November 27, 2017 | 291,564.353 | $ | 15.00 | $ | 4,374 | ||||||
December 28, 2017 | 393,201.972 | 15.00 | 5,898 | ||||||||
684,766.325 | $ | 15.00 | $ | 10,272 | |||||||
For the three months ended December 31, 2018 | |||||||||||
November 27, 2018 | 439,833.975 | $ | 15.00 | $ | 6,597 | ||||||
December 28, 2018 | 416,611.113 | 15.00 | 6,249 | ||||||||
856,445.088 | $ | 15.00 | $ | 12,846 |
Payment Date | DRIP Shares Issued | NAV ($) per share | DRIP Shares Value | ||||||||
For the nine months ended June 30, 2017 | |||||||||||
November 21, 2016 | 355,195.794 | $ | 15.00 | $ | 5,329 | ||||||
December 30, 2016 | 327,120.972 | 15.00 | 4,907 | ||||||||
February 27, 2017 | 335,502.470 | 15.00 | 5,032 | ||||||||
May 19, 2017 | 313,775.384 | 15.00 | 4,707 | ||||||||
1,331,594.620 | $ | 15.00 | $ | 19,975 | |||||||
For the nine months ended June 30, 2018 | |||||||||||
November 27, 2017 | 291,564.353 | $ | 15.00 | $ | 4,374 | ||||||
December 28, 2017 | 393,201.972 | 15.00 | 5,898 | ||||||||
February 26, 2018 | 470,835.576 | 15.00 | 7,062 | ||||||||
May 23, 2018 | 505,692.332 | 15.00 | 7,586 | ||||||||
1,661,294.233 | $ | 15.00 | $ | 24,920 |
Record Date | Payment Date | Amount Per Share | ||
Net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period | ||||
Net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period | ||||
Net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period 2019 per share | ||||
Net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period 2019 per share |
As of June 30, 2018 | As of September 30, 2017 | As of December 31, 2018 | As of September 30, 2018 | |||||||||||||||||||||||||
Investment Type | Investments at Fair Value (In thousands) | Percentage of Total Investments | Investments at Fair Value (In thousands) | Percentage of Total Investments | Investments at Fair Value (In thousands) | Percentage of Total Investments | Investments at Fair Value (In thousands) | Percentage of Total Investments | ||||||||||||||||||||
Senior secured | $ | 196,835 | 12.0 | % | $ | 165,620 | 11.8 | % | $ | 235,409 | 12.6 | % | $ | 211,035 | 12.6 | % | ||||||||||||
One stop | 1,364,503 | 83.1 | 1,161,275 | 83.1 | 1,547,115 | 82.9 | 1,384,902 | 82.7 | ||||||||||||||||||||
Subordinated debt | 277 | 0.0 | * | 55 | 0.0 | * | 783 | 0.0 | * | 280 | 0.0 | * | ||||||||||||||||
LLC equity interests in GCIC SLF(1) | 54,004 | 3.3 | 50,104 | 3.6 | 50,069 | 2.7 | 49,939 | 3.0 | ||||||||||||||||||||
Equity | 27,016 | 1.6 | 20,647 | 1.5 | 34,277 | 1.8 | 28,282 | 1.7 | ||||||||||||||||||||
Total | $ | 1,642,635 | 100.0 | % | $ | 1,397,701 | 100.0 | % | $ | 1,867,653 | 100.0 | % | $ | 1,674,438 | 100.0 | % |
(1) | Proceeds from the limited liability company, or LLC, equity interests invested in GCIC Senior Loan Fund LLC, or GCIC SLF, were utilized by GCIC SLF to invest in senior secured loans. |
For the three months ended June 30, | For the nine months ended June 30, | For the three months ended December 31, | ||||||||
2018 | 2017 | 2018 | 2017 | 2018 | 2017 | |||||
Weighted average annualized income yield | 8.8% | 7.9% | 8.4% | 7.7% | 8.6% | 7.9% | ||||
Weighted average annualized investment income yield | 9.5% | 8.6% | 9.0% | 8.3% | 9.1% | 8.4% | ||||
Total return based on average net asset value(4)* | 9.5% | 8.3% | 9.5% | 8.6% | ||||||
Total return based on average net asset value(3)* | 7.6% | 9.1% | ||||||||
Total return based on net asset value per share | 2.5% | 2.1% | 7.3% | 6.6% | 1.9% | 2.3% |
* | Annualized for periods of less than one year |
(1) |
Represents income from interest |
Represents income from interest, |
Total return based on average net asset value is calculated as (a) the net increase in net assets resulting from operations divided by (b) the daily average of total net assets. Total return does not include sales load. |
Total return based on net asset value assumes distributions are reinvested in accordance with the DRIP. Total return does not include sales load. |
Record Date | Payment Date | Amount Per Share | ||
Net increase in net assets resulting from operations earned by | ||||
Net increase in net assets resulting from operations earned by | ||||
Net increase in net assets resulting from operations earned by 2019 per share | ||||
Net increase in net assets resulting from operations earned by 2019 per share |
For the three months ended June 30, | Variances | For the nine months ended June 30, | Variances | For the three months ended December 31, | Variances | |||||||||||||||||||||||||||||
2018 | 2017 | 2018 vs. 2017 | 2018 | 2017 | 2018 vs. 2017 | 2018 | 2017 | 2018 vs. 2017 | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Interest income | $ | 30,909 | $ | 22,287 | $ | 8,622 | $ | 87,307 | $ | 61,470 | $ | 25,837 | $ | 36,203 | $ | 27,045 | $ | 9,158 | ||||||||||||||||
Income from accretion of discounts and origination fees | 2,611 | 2,211 | 400 | 6,782 | 4,590 | 2,192 | 1,996 | 2,026 | (30 | ) | ||||||||||||||||||||||||
Interest and dividend income from investments in GCIC SLF (1) | 1,641 | 1,216 | 425 | 4,065 | 3,611 | 454 | ||||||||||||||||||||||||||||
Dividend income from investments in GCIC SLF (1) | 1,036 | 1,130 | (94 | ) | ||||||||||||||||||||||||||||||
Dividend income | 3 | 157 | (154 | ) | 80 | 158 | (78 | ) | 30 | 2 | 28 | |||||||||||||||||||||||
Fee income | 1,147 | 827 | 320 | 2,435 | 1,038 | 1,397 | 380 | 391 | (11 | ) | ||||||||||||||||||||||||
Total investment income | 36,311 | 26,698 | 9,613 | 100,669 | 70,867 | 29,802 | 39,645 | 30,594 | 9,051 | |||||||||||||||||||||||||
Net expenses | 16,895 | 12,451 | 4,444 | 47,777 | 34,872 | 12,905 | 19,452 | 14,813 | 4,639 | |||||||||||||||||||||||||
Net investment income | 19,416 | 14,247 | 5,169 | 52,892 | 35,995 | 16,897 | 20,193 | 15,781 | 4,412 | |||||||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 2,454 | 91 | 2,363 | 2,548 | 422 | 2,126 | 23 | (486 | ) | 509 | ||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation | (1,394 | ) | (128 | ) | (1,266 | ) | 3,558 | 5,067 | (1,509 | ) | (1,478 | ) | 2,519 | (3,997 | ) | |||||||||||||||||||
Net increase in net assets resulting from operations | $ | 20,476 | $ | 14,210 | $ | 6,266 | $ | 58,998 | $ | 41,484 | $ | 17,514 | $ | 18,738 | $ | 17,814 | $ | 924 | ||||||||||||||||
Average earning debt investments, at fair value | $ | 1,465,996 | $ | 1,177,222 | $ | 288,774 | $ | 1,432,555 | $ | 1,084,981 | $ | 347,574 | $ | 1,690,295 | $ | 1,374,161 | $ | 316,134 | ||||||||||||||||
Average investment in subordinated notes of GCIC SLF, at fair value | — | — | — | — | 11,511 | (11,511 | ) | |||||||||||||||||||||||||||
Average earning portfolio company investments, at fair value (2) | $ | 1,465,996 | $ | 1,177,222 | $ | 288,774 | $ | 1,432,555 | $ | 1,096,492 | $ | 336,063 |
(1) | The investments in GCIC SLF include our investments in LLC equity interests in GCIC SLF for the three |
(2) | Does not include our investment in LLC equity interests in GCIC SLF. |
For the three months ended June 30, | For the nine months ended June 30, | For the three months ended December 31, | ||||||||
2018 | 2017 | 2018 | 2017 | 2018 | 2017 | |||||
Senior secured | 7.2% | 6.5% | 7.0% | 6.3% | 7.8% | 6.5% | ||||
One stop | 9.0% | 8.1% | 8.6% | 7.9% | 8.7% | 8.1% | ||||
Subordinated debt | 19.7% | 19.8% | 19.7% | 19.8% | 8.0% | 19.8% | ||||
Subordinated notes in GCIC SLF (1) | N/A | N/A | N/A | 8.5% |
(1) |
For the three months ended June 30, | Variances | For the nine months ended June 30, | Variances | For the three months ended December 31, | Variances | |||||||||||||||||||||||||||||||
2018 | 2017 | 2018 vs. 2017 | 2018 | 2017 | 2018 vs. 2017 | 2018 | 2017 | 2018 vs. 2017 | ||||||||||||||||||||||||||||
(In thousands) | (In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||||
Interest and other debt financing expenses | $ | 7,744 | $ | 5,103 | $ | 2,641 | $ | 21,049 | $ | 13,557 | $ | 7,492 | $ | 9,290 | $ | 6,326 | $ | 2,964 | ||||||||||||||||||
Amortization of debt issuance costs | 526 | 741 | (215 | ) | 1,610 | 2,522 | (912 | ) | 1,668 | 553 | 1,115 | |||||||||||||||||||||||||
Base management fee, net of waiver | 4,058 | 3,101 | 957 | 11,502 | 8,684 | 2,818 | 4,486 | 3,626 | 860 | |||||||||||||||||||||||||||
Income Incentive Fee, net of waiver | 3,439 | 2,523 | 916 | 9,502 | 6,383 | 3,119 | 3,411 | 2,853 | 558 | |||||||||||||||||||||||||||
Capital gain incentive fee accrued under GAAP | 73 | 58 | 15 | 953 | 1,148 | (195 | ) | |||||||||||||||||||||||||||||
Capital Gain Incentive Fee, net of waiver | (867 | ) | 385 | (1,252 | ) | |||||||||||||||||||||||||||||||
Professional fees | 465 | 502 | (37 | ) | 1,437 | 1,424 | 13 | 765 | 522 | 243 | ||||||||||||||||||||||||||
Administrative service fee | 538 | 401 | 137 | 1,564 | 1,106 | 458 | 651 | 495 | 156 | |||||||||||||||||||||||||||
General and administrative expenses | 52 | 22 | 30 | 160 | 48 | 112 | 48 | 53 | (5 | ) | ||||||||||||||||||||||||||
Net expenses | $ | 16,895 | $ | 12,451 | $ | 4,444 | $ | 47,777 | $ | 34,872 | $ | 12,905 | $ | 19,452 | $ | 14,813 | $ | 4,639 | ||||||||||||||||||
Average debt outstanding | $ | 725,156 | $ | 593,917 | $ | 131,239 | $ | 715,610 | $ | 548,464 | $ | 167,146 | $ | 821,252 | $ | 694,299 | $ | 126,953 |
For the three months ended June 30, | Variances | For the nine months ended June 30, | Variances | For the three months ended December 31, | Variances | |||||||||||||||||||||||||||||
2018 | 2017 | 2018 vs. 2017 | 2018 | 2017 | 2018 vs. 2017 | 2018 | 2017 | 2018 vs. 2017 | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Net realized gain (loss) on investments | $ | 2,510 | $ | 91 | $ | 2,419 | $ | 2,621 | $ | 422 | $ | 2,199 | $ | 38 | $ | (449 | ) | $ | 487 | |||||||||||||||
Foreign currency transactions | (56 | ) | — | (56 | ) | (73 | ) | — | (73 | ) | (15 | ) | (37 | ) | 22 | |||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | $ | 2,454 | $ | 91 | $ | 2,363 | $ | 2,548 | $ | 422 | $ | 2,126 | $ | 23 | $ | (486 | ) | $ | 509 | |||||||||||||||
Unrealized appreciation on investments | 8,151 | 5,484 | 2,667 | 14,752 | 11,315 | 3,437 | 14,610 | 6,360 | 8,250 | |||||||||||||||||||||||||
Unrealized (depreciation) on investments | (9,584 | ) | (5,472 | ) | (4,112 | ) | (12,713 | ) | (6,410 | ) | (6,303 | ) | (16,471 | ) | (4,593 | ) | (11,878 | ) | ||||||||||||||||
Unrealized appreciation on investments in GCIC SLF (1) | — | — | — | 1,406 | 162 | 1,244 | 130 | 744 | (614 | ) | ||||||||||||||||||||||||
Unrealized (depreciation) on investments in GCIC SLF (2) | (74 | ) | (140 | ) | 66 | — | — | — | ||||||||||||||||||||||||||
Unrealized appreciation on foreign currency translation | 113 | — | 113 | 113 | — | 113 | 253 | 8 | 245 | |||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments, investments in GCIC SLF, and foreign currency | $ | (1,394 | ) | $ | (128 | ) | $ | (1,266 | ) | $ | 3,558 | $ | 5,067 | $ | (1,509 | ) | $ | (1,478 | ) | $ | 2,519 | $ | (3,997 | ) |
(1) | Unrealized appreciation on investments in GCIC SLF includes our investment in LLC equity interests in GCIC SLF. |
(2) | Unrealized (depreciation) on investments in GCIC SLF includes our investment in LLC equity interests in GCIC SLF. |
For the three months ended June 30, | For the nine months ended June 30, | For the three months ended December 31, | ||||||||||||||||||||||||||||||||||||||
2018 | 2017 | 2018 | 2017 | 2018 | 2017 | |||||||||||||||||||||||||||||||||||
(In thousands) | Percentage of Commitments | (In thousands) | Percentage of Commitments | (In thousands) | Percentage of Commitments | (In thousands) | Percentage of Commitments | New Commitments (In thousands) | Percentage of Commitments | New Commitments (In thousands) | Percentage of Commitments | |||||||||||||||||||||||||||||
Senior secured | $ | 23,920 | 9.4 | % | $ | 35,235 | 10.7 | % | $ | 104,527 | 15.5 | % | $ | 100,922 | 18.9 | % | $ | 45,920 | 17.5 | % | $ | 56,324 | 24.2 | % | ||||||||||||||||
One stop | 227,445 | 89.4 | 291,173 | 88.6 | 549,495 | 81.8 | 419,265 | 78.7 | 210,685 | 80.2 | 169,015 | 72.8 | ||||||||||||||||||||||||||||
Subordinated debt | 218 | 0.1 | — | — | 218 | 0.0 | * | 11 | 0.0 | * | 96 | 0.0 | * | — | — | |||||||||||||||||||||||||
LLC equity interests in GCIC SLF(1) | — | — | — | — | 11,900 | 1.8 | 8,803 | 1.7 | — | — | 5,513 | 2.4 | ||||||||||||||||||||||||||||
Equity | 2,769 | 1.1 | 2,448 | 0.7 | 5,830 | 0.9 | 3,855 | 0.7 | 6,124 | 2.3 | 1,397 | 0.6 | ||||||||||||||||||||||||||||
Total new investment commitments | $ | 254,352 | 100.0 | % | $ | 328,856 | 100.0 | % | $ | 671,970 | 100.0 | % | $ | 532,856 | 100.0 | % | $ | 262,825 | 100.0 | % | $ | 232,249 | 100.0 | % |
(1) | GCIC SLF’s proceeds from the LLC equity interests were utilized by GCIC SLF to invest in senior secured loans. As of |
As of June 30, 2018 (1) | As of September 30, 2017 (1) | As of December 31, 2018 (1) | As of September 30, 2018 (1) | |||||||||||||||||||||||||||||||||||||||||||
Principal | Amortized Cost | Fair Value | Principal | Amortized Cost | Fair Value | Principal | Amortized Cost | Fair Value | Principal | Amortized Cost | Fair Value | |||||||||||||||||||||||||||||||||||
(In thousands) | (In thousands) | (In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||||||||||||
Senior secured: | ||||||||||||||||||||||||||||||||||||||||||||||
Performing | $ | 200,274 | $ | 198,217 | $ | 196,835 | $ | 167,646 | $ | 165,642 | $ | 165,620 | $ | 230,944 | $ | 228,492 | $ | 230,134 | $ | 207,782 | $ | 205,615 | $ | 206,557 | ||||||||||||||||||||||
Non-accrual (2) | 11,738 | 11,719 | 5,275 | 8,607 | 8,593 | 4,478 | ||||||||||||||||||||||||||||||||||||||||
One stop: | ||||||||||||||||||||||||||||||||||||||||||||||
Performing | 1,359,014 | 1,341,873 | 1,354,611 | 1,167,906 | 1,151,903 | 1,160,964 | 1,557,060 | 1,539,269 | 1,546,621 | 1,392,834 | 1,376,080 | 1,384,183 | ||||||||||||||||||||||||||||||||||
Non-accrual (2) | 13,232 | 12,994 | 9,892 | 1,101 | 1,076 | 311 | 1,127 | 1,102 | 494 | 1,127 | 1,101 | 719 | ||||||||||||||||||||||||||||||||||
Subordinated debt: | ||||||||||||||||||||||||||||||||||||||||||||||
Performing | 277 | 277 | 277 | 55 | 55 | 55 | 587 | 587 | 783 | 280 | 280 | 280 | ||||||||||||||||||||||||||||||||||
LLC equity interests in GCIC SLF (3) | N/A | 52,294 | 54,004 | N/A | 49,800 | 50,104 | N/A | 48,356 | 50,069 | N/A | 48,356 | 49,939 | ||||||||||||||||||||||||||||||||||
Equity | N/A | 22,040 | 27,016 | N/A | 17,733 | 20,647 | N/A | 28,543 | 34,277 | N/A | 23,097 | 28,282 | ||||||||||||||||||||||||||||||||||
Total | $ | 1,572,797 | $ | 1,627,695 | $ | 1,642,635 | $ | 1,336,708 | $ | 1,386,209 | $ | 1,397,701 | $ | 1,801,456 | $ | 1,858,068 | $ | 1,867,653 | $ | 1,610,630 | $ | 1,663,122 | $ | 1,674,438 |
(1) |
(2) | We refer to a loan as non-accrual when we cease recognizing interest income on the loan because we have stopped pursuing repayment of the loan or, in certain circumstances, it is past due 90 days or more on principal and interest or our management has reasonable doubt that principal or interest will be collected. See “— Critical Accounting Policies — Revenue Recognition.” |
(3) | GCIC SLF's proceeds from the LLC equity interests in GCIC SLF were utilized by GCIC SLF to invest in senior secured loans. |
For the three months ended June 30, | For the nine months ended June 30, | For the three months ended December 31, | ||||||||
2018 | 2017 | 2018 | 2017 | 2018 | 2017 | |||||
Weighted average rate of new investment fundings | 7.6% | 7.4% | 7.9% | 7.2% | 7.8% | 7.5% | ||||
Weighted average spread over LIBOR of new floating rate investment fundings | 5.6% | 6.2% | 6.2% | 6.0% | 5.5% | 6.0% | ||||
Weighted average rate of new fixed rate investment fundings | 8.0% | 7.5% | 7.5% | 7.5% | 11.0% | N/A | ||||
Weighted average fees of new investment fundings | 0.9% | 1.4% | 1.2% | 1.4% | 1.2% | 1.3% | ||||
Weighted average rate of sales and payoffs of portfolio investments | 8.4% | 7.7% | 7.7% | 7.2% | 8.7% | 7.1% | ||||
Weighted average annualized income yield | 8.8% | 7.9% | 8.4% | 7.7% | 8.6% | 7.9% |
(1) | Excludes |
Represents income from interest, |
Internal Performance Ratings | ||
Rating | Definition | |
5 | Involves the least amount of risk in our portfolio. The borrower is performing above expectations, and the trends and risk factors are generally favorable. | |
4 | Involves an acceptable level of risk that is similar to the risk at the time of origination. The borrower is generally performing as expected, and the risk factors are neutral to favorable. | |
3 | Involves a borrower performing below expectations and indicates that the loan’s risk has increased somewhat since origination. The borrower may be out of compliance with debt covenants; however, loan payments are generally not past due. | |
2 | Involves a borrower performing materially below expectations and indicates that the loan’s risk has increased materially since origination. In addition to the borrower being generally out of compliance with debt covenants, loan payments may be past due (but generally not more than 180 days past due). | |
1 | Involves a borrower performing substantially below expectations and indicates that the loan’s risk has substantially increased since origination. Most or all of the debt covenants are out of compliance and payments are substantially delinquent. Loans rated 1 are not anticipated to be repaid in full and we will reduce the fair market value of the loan to the amount we anticipate will be recovered. |
June 30, 2018 | September 30, 2017 | December 31, 2018 | September 30, 2018 | |||||||||||||||||||||||||
Internal Performance Rating | Investments at Fair Value (In thousands) | Percentage of Total Investments | Investments at Fair Value (In thousands) | Percentage of Total Investments | Investments at Fair Value (In thousands) | Percentage of Total Investments | Investments at Fair Value (In thousands) | Percentage of Total Investments | ||||||||||||||||||||
5 | $ | 199,587 | 12.1 | % | $ | 22,656 | 1.6 | % | $ | 125,713 | 6.7 | % | $ | 104,563 | 6.3 | % | ||||||||||||
4 | 1,350,487 | 82.2 | 1,246,641 | 89.2 | 1,603,406 | 85.9 | 1,439,656 | 86.0 | ||||||||||||||||||||
3 | 76,511 | 4.7 | 127,947 | 9.2 | 119,105 | 6.4 | 110,695 | 6.6 | ||||||||||||||||||||
2 | 16,050 | 1.0 | 155 | 0.0 | * | 19,428 | 1.0 | 18,813 | 1.1 | |||||||||||||||||||
1 | — | — | 302 | 0.0 | * | 1 | 0.0 | * | 711 | 0.0 | * | |||||||||||||||||
Total | $ | 1,642,635 | 100.0 | % | $ | 1,397,701 | 100.0 | % | $ | 1,867,653 | 100.0 | % | $ | 1,674,438 | 100.0 | % |
As of June 30, 2018 | As of September 30, 2017 | As of December 31, 2018 | As of September 30, 2018 | |||||||||||||||||||||||||||
Committed | Funded(1) | Committed | Funded(1) | Committed | Funded(1) | Committed | Funded(1) | |||||||||||||||||||||||
(In thousands) | (In thousands) | (In thousands) | (In thousands) | |||||||||||||||||||||||||||
LLC equity commitments | $ | 125,000 | $ | 59,764 | $ | 125,000 | $ | 56,914 | $ | 125,000 | $ | 55,264 | $ | 125,000 | $ | 55,264 | ||||||||||||||
Total | $ | 125,000 | $ | 59,764 | $ | 125,000 | $ | 56,914 | $ | 125,000 | $ | 55,264 | $ | 125,000 | $ | 55,264 |
(1) | Funded LLC equity commitments are presented net of return of capital distributions subject to recall. |
As of June 30, 2018 | As of September 30, 2017 | As of December 31, 2018 | As of September 30, 2018 | |||||||||||
(Dollars in thousands) | (Dollars in thousands) | |||||||||||||
Senior secured loans (1) | $ | 162,539 | $ | 162,815 | $ | 127,307 | $ | 134,270 | ||||||
Weighted average current interest rate on senior secured loans (2) | 7.5 | % | 6.4 | % | 7.7 | % | 7.4 | % | ||||||
Number of borrowers in GCIC SLF | 37 | 40 | 32 | 33 | ||||||||||
Largest portfolio company investments (1) | $ | 8,900 | $ | 8,928 | $ | 8,307 | $ | 8,357 | ||||||
Total of five largest portfolio company investments (1) | $ | 38,793 | $ | 39,540 | $ | 34,114 | $ | 33,966 |
(1) | At principal amount. |
(2) | Computed as the (a) annual stated interest rate on accruing senior secured loans divided by (b) total senior secured loans at principal amount. |
GCIC SLF Investment Portfolio as of June 30, 2018 | ||||||||||||||||||||||||||||||||||
GCIC SLF Investment Portfolio as of December 31, 2018 | GCIC SLF Investment Portfolio as of December 31, 2018 | |||||||||||||||||||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | ||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
1A Smart Start LLC | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 6.8 | % | $ | 1,341 | $ | 1,346 | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 7.0 | % | $ | 1,925 | $ | 1,918 | ||||||||||||||||
1A Smart Start LLC (3) | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 6.6 | 596 | 597 | ||||||||||||||||||||||||||||
Aimbridge Hospitality, LLC (3) | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.1 | 5,955 | 5,866 | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.5 | 5,925 | 5,925 | ||||||||||||||||||||||
Aimbridge Hospitality, LLC (3) | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.1 | 238 | 238 | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.5 | 236 | 236 | ||||||||||||||||||||||
Boot Barn, Inc. | Retail Stores | Senior loan | 06/2021 | 6.8 | 5,001 | 5,001 | ||||||||||||||||||||||||||||
Boot Barn, Inc.(3) | Retail Stores | Senior loan | 06/2021 | 7.3 | 5,001 | 5,001 | ||||||||||||||||||||||||||||
Brandmuscle, Inc. | Printing and Publishing | Senior loan | 12/2021 | 7.6 | 3,800 | 3,797 | ||||||||||||||||||||||||||||
Brandmuscle, Inc. | Printing and Publishing | Senior loan | 12/2021 | 7.1 | 4,023 | 4,020 | Printing and Publishing | Senior loan | 12/2021 | N/A(4) | — | — | ||||||||||||||||||||||
Captain D's, LLC (3) | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 6.6 | 5,963 | 5,963 | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 7.3 | 5,933 | 5,933 | ||||||||||||||||||||||
Captain D's, LLC (3) | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 6.6 | 8 | 8 | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 8.2 | 25 | 25 | ||||||||||||||||||||||
CLP Healthcare Services, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2020 | 7.6 | 2,034 | 1,993 | Healthcare, Education and Childcare | Senior loan | 12/2020 | 8.0 | 2,023 | 2,023 | ||||||||||||||||||||||
CLP Healthcare Services, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2020 | 7.6 | 1,025 | 1,004 | Healthcare, Education and Childcare | Senior loan | 12/2020 | 8.0 | 1,019 | 1,019 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.6 | 2,079 | 2,079 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 8.3 | 2,069 | 2,069 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.6 | 1,045 | 1,045 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 8.3 | 1,040 | 1,040 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.6 | 58 | 58 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 8.3 | 58 | 58 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.6 | 40 | 40 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 8.3 | 40 | 40 | ||||||||||||||||||||||
Curo Health Services LLC (3) | Healthcare, Education and Childcare | Senior loan | 02/2022 | 8.0 | 4,838 | 4,850 | ||||||||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | N/A(4) | — | — | ||||||||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 3,070 | 3,070 | Retail Stores | Senior loan | 06/2020 | 8.6 | 3,054 | 3,054 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 1,235 | 1,235 | Retail Stores | Senior loan | 06/2020 | 8.6 | 1,228 | 1,228 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 635 | 635 | Retail Stores | Senior loan | 06/2020 | 8.6 | 632 | 632 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 7.8 | 377 | 377 | Retail Stores | Senior loan | 06/2020 | 8.6 | 215 | 215 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 216 | 216 | Retail Stores | Senior loan | 06/2020 | 8.6 | 96 | 96 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 96 | 96 | Retail Stores | Senior loan | 06/2020 | 8.6 | 92 | 92 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 8.1 | 92 | 92 | Retail Stores | Senior loan | 06/2020 | N/A(4) | — | — | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 06/2020 | 9.5 | 20 | 20 | Retail Stores | Senior loan | 06/2020 | N/A(4) | — | — | ||||||||||||||||||||||
Encore GC Acquisition, LLC | Healthcare, Education and Childcare | Senior loan | 01/2020 | 7.7 | 2,026 | 2,026 | Healthcare, Education and Childcare | Senior loan | 01/2020 | 7.8 | 1,991 | 1,991 | ||||||||||||||||||||||
Encore GC Acquisition, LLC | Healthcare, Education and Childcare | Senior loan | 01/2020 | N/A(4) | — | — | ||||||||||||||||||||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.1 | 2,669 | 2,669 | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.6 | 2,656 | 2,656 | ||||||||||||||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.1 | 741 | 741 | ||||||||||||||||||||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.6 | 737 | 737 | ||||||||||||||||||||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 9.5 | 136 | 136 | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 10.0 | 136 | 136 | ||||||||||||||||||||||
G & H Wire Company, Inc (3) | Healthcare, Education and Childcare | Senior loan | 09/2023 | 7.8 | 5,955 | 5,955 | Healthcare, Education and Childcare | Senior loan | 09/2023 | 8.4 | 5,754 | 5,754 | ||||||||||||||||||||||
Gamma Technologies, LLC (3) | Electronics | Senior loan | 06/2024 | 7.6 | 4,389 | 4,351 | Electronics | Senior loan | 06/2024 | 8.0 | 4,367 | 4,367 | ||||||||||||||||||||||
III US Holdings, LLC | Diversified/Conglomerate Service | Senior loan | 09/2022 | 8.8 | 4,887 | 4,887 | Diversified/Conglomerate Service | Senior loan | 09/2022 | 9.3 | 4,533 | 4,533 | ||||||||||||||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 03/2024 | 6.6 | 1,973 | 1,973 | Buildings and Real Estate | Senior loan | 03/2024 | 7.0 | 1,973 | 1,973 | ||||||||||||||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 03/2024 | 6.6 | 103 | 103 | Buildings and Real Estate | Senior loan | 03/2024 | 7.3 | 103 | 103 | ||||||||||||||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 03/2024 | 6.6 | 55 | 55 | Buildings and Real Estate | Senior loan | 03/2024 | 7.3 | 55 | 55 | ||||||||||||||||||||||
Mediaocean LLC | Diversified/Conglomerate Service | Senior loan | 08/2020 | N/A(4) | — | — | ||||||||||||||||||||||||||||
Mills Fleet Farm Group LLC (3) | Retail Stores | Senior loan | 02/2022 | 7.6 | 6,000 | 6,000 | Retail Stores | Senior loan | 10/2024 | 8.8 | 6,000 | 6,000 | ||||||||||||||||||||||
NBC Intermediate, LLC | Beverage, Food and Tobacco | Senior loan | 09/2023 | 6.4 | 2,686 | 2,686 | Beverage, Food and Tobacco | Senior loan | 09/2023 | 6.8 | 2,565 | 2,565 | ||||||||||||||||||||||
Pasternack Enterprises, Inc. and Fairview Microwave, Inc | Diversified/Conglomerate Manufacturing | Senior loan | 05/2022 | 9.0 | 4,975 | 4,975 | ||||||||||||||||||||||||||||
NBC Intermediate, LLC | Beverage, Food and Tobacco | Senior loan | 09/2023 | N/A(4) | — | — | ||||||||||||||||||||||||||||
Pasternack Enterprises, Inc. and Fairview Microwave, Inc(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2025 | 6.5 | 4,950 | 4,950 | ||||||||||||||||||||||||||||
Polk Acquisition Corp. (3) | Automobile | Senior loan | 06/2022 | 7.1 | 8,233 | 8,068 | Automobile | Senior loan | 06/2022 | 7.5 | 8,189 | 8,026 | ||||||||||||||||||||||
Polk Acquisition Corp. | Automobile | Senior loan | 06/2022 | 7.3 | 53 | 52 | Automobile | Senior loan | 06/2022 | 7.8 | 65 | 63 | ||||||||||||||||||||||
Polk Acquisition Corp. | Automobile | Senior loan | 06/2022 | 7.1 | 50 | 48 | Automobile | Senior loan | 06/2022 | 7.5 | 53 | 52 | ||||||||||||||||||||||
Premise Health Holding Corp. (3) | Healthcare, Education and Childcare | Senior loan | 06/2020 | 6.8 | 5,880 | 5,880 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.9 | 2,457 | 2,457 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.9 | 167 | 167 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.6 | 149 | 149 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc.(3) | Healthcare, Education and Childcare | Senior loan | 08/2020 | 9.0 | 2,445 | 2,420 |
GCIC SLF Investment Portfolio as of June 30, 2018 - (continued) | |||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | |||||||||||
(In thousands) | |||||||||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.9 | $ | 55 | $ | 55 | |||||||||
Radiology Partners, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 12/2023 | 9.8 | 8,061 | 8,061 | |||||||||||
Radiology Partners, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 12/2023 | 9.8 | 149 | 149 | |||||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.3 | 5,985 | 5,985 | |||||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.3 | 626 | 626 | |||||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.1 | 543 | 543 | |||||||||||
RSC Acquisition, Inc. (3) | Insurance | Senior loan | 11/2022 | 6.8 | 3,306 | 3,306 | |||||||||||
RSC Acquisition, Inc. (3) | Insurance | Senior loan | 11/2021 | 6.8 | 33 | 33 | |||||||||||
Rubio's Restaurants, Inc (3) | Beverage, Food and Tobacco | Senior loan | 10/2019 | 7.6 | 1,663 | 1,663 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 04/2019 | 7.6 | 1,346 | 1,346 | |||||||||||
Saldon Holdings, Inc. (3) | Diversified/Conglomerate Service | Senior loan | 09/2022 | 6.6 | 1,958 | 1,958 | |||||||||||
SEI, Inc. (3) | Electronics | Senior loan | 07/2023 | 7.3 | 5,191 | 5,191 | |||||||||||
Self Esteem Brands, LLC (3) | Leisure, Amusement, Motion Pictures, Entertainment | Senior loan | 02/2020 | 6.8 | 5,890 | 5,890 | |||||||||||
Severin Acquisition, LLC (3) | Diversified/Conglomerate Service | Senior loan | 07/2021 | 7.2 | 7,788 | 7,788 | |||||||||||
Severin Acquisition, LLC (3) | Diversified/Conglomerate Service | Senior loan | 07/2021 | 7.4 | 1,071 | 1,074 | |||||||||||
Severin Acquisition, LLC (3) | Diversified/Conglomerate Service | Senior loan | 07/2021 | 7.1 | 41 | 41 | |||||||||||
Summit Behavioral Healthcare, LLC (3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.1 | 5,970 | 5,970 | |||||||||||
Summit Behavioral Healthcare, LLC (3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.1 | 46 | 46 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.1 | 1,088 | 1,088 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.8 | 853 | 853 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.8 | 159 | 159 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.9 | 58 | 58 | |||||||||||
Upstream Intermediate, LLC | Healthcare, Education and Childcare | Senior loan | 01/2024 | 6.8 | 3,585 | 3,585 | |||||||||||
Vendor Credentialing Service LLC (3) | Diversified/Conglomerate Service | Senior loan | 11/2021 | 8.1 | 5,939 | 5,939 | |||||||||||
WHCG Management, LLC (3) | Healthcare, Education and Childcare | Senior loan | 03/2023 | 7.3 | 2,185 | 2,185 | |||||||||||
WIRB-Copernicus Group, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2022 | 6.3 | 5,381 | 5,381 | |||||||||||
$ | 162,539 | $ | 162,200 |
GCIC SLF Investment Portfolio as of December 31, 2018 - (continued) | |||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | |||||||||||
(In thousands) | |||||||||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2020 | 9.0 | % | $ | 370 | $ | 366 | ||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2020 | 9.0 | 148 | 146 | |||||||||||
Pyramid Healthcare, Inc.(5) | Healthcare, Education and Childcare | Senior loan | 08/2020 | N/A(4) | — | (2 | ) | ||||||||||
Reladyne, Inc.(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.4 | 5,955 | 5,955 | |||||||||||
Reladyne, Inc.(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.4 | 625 | 625 | |||||||||||
Reladyne, Inc.(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.4 | 542 | 542 | |||||||||||
Reladyne, Inc.(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.8 | 246 | 246 | |||||||||||
Reladyne, Inc.(3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | N/A(4) | — | — | |||||||||||
RSC Acquisition, Inc.(3) | Insurance | Senior loan | 11/2022 | 7.1 | 3,280 | 3,280 | |||||||||||
RSC Acquisition, Inc.(3) | Insurance | Senior loan | 11/2021 | 7.1 | 25 | 25 | |||||||||||
Rubio's Restaurants, Inc(3) | Beverage, Food and Tobacco | Senior loan | 10/2019 | 8.1 | 1,654 | 1,654 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 04/2019 | 7.8 | 1,276 | 1,276 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 04/2019 | 8.5 | 411 | 411 | |||||||||||
Saldon Holdings, Inc. (3) | Diversified/Conglomerate Service | Senior loan | 09/2022 | 6.8 | 1,811 | 1,811 | |||||||||||
Saldon Holdings, Inc. | Diversified/Conglomerate Service | Senior loan | 09/2022 | N/A(4) | — | — | |||||||||||
SEI, Inc.(3) | Electronics | Senior loan | 07/2023 | 7.8 | 4,761 | 4,761 | |||||||||||
SEI, Inc. | Electronics | Senior loan | 07/2023 | N/A(4) | — | — | |||||||||||
Self Esteem Brands, LLC(3) | Leisure, Amusement, Motion Pictures, Entertainment | Senior loan | 02/2020 | 7.3 | 5,623 | 5,623 | |||||||||||
Self Esteem Brands, LLC | Leisure, Amusement, Motion Pictures, Entertainment | Senior loan | 02/2020 | 9.0 | 83 | 83 | |||||||||||
Summit Behavioral Healthcare, LLC(3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.5 | 5,940 | 5,940 | |||||||||||
Summit Behavioral Healthcare, LLC(3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.5 | 292 | 292 | |||||||||||
Summit Behavioral Healthcare, LLC(3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.4 | 46 | 46 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.7 | 1,083 | 1,029 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.7 | 847 | 804 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.7 | 154 | 147 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.6 | 57 | 54 | |||||||||||
Upstream Intermediate, LLC | Healthcare, Education and Childcare | Senior loan | 01/2024 | 6.8 | 3,567 | 3,567 | |||||||||||
WHCG Management, LLC(3) | Healthcare, Education and Childcare | Senior loan | 03/2023 | 7.8 | 2,174 | 2,131 | |||||||||||
WHCG Management, LLC(3) | Healthcare, Education and Childcare | Senior loan | 03/2023 | N/A(4) | — | — | |||||||||||
WIRB-Copernicus Group, Inc.(3) | Healthcare, Education and Childcare | Senior loan | 08/2022 | 6.8 | 5,354 | 5,354 | |||||||||||
$ | 127,307 | $ | 126,948 |
(1) | Represents the weighted average annual current interest rate as of |
(2) | Represents the fair value in accordance with Accounting Standards Codification, or ASC, Topic 820 - Fair Value Measurement, or ASC Topic 820. The determination of such fair value is not included in our board of directors' valuation process described elsewhere herein. |
(3) | We also hold a portion of the first lien senior secured loan in this portfolio company. |
(4) | The entire commitment was unfunded as of December 31, 2018. As such, no interest is being earned on this investment. The investment may be subject to an unused facility fee. |
(5) | The negative fair value is the result of the unfunded commitment being valued below par. |
GCIC SLF Loan Portfolio as of September 30, 2017 | ||||||||||||||||||||||||||||||||||
GCIC SLF Investment Portfolio as of September 30, 2018 | GCIC SLF Investment Portfolio as of September 30, 2018 | |||||||||||||||||||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | ||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
1A Smart Start LLC | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 6.1 | % | $ | 1,351 | $ | 1,358 | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 7.0 | % | $ | 1,337 | $ | 1,344 | ||||||||||||||||
1A Smart Start LLC | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 5.8 | 599 | 599 | Home and Office Furnishings, Housewares, and Durable Consumer | Senior loan | 02/2022 | 6.7 | 595 | 596 | ||||||||||||||||||||||
Argon Medical Devices, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2021 | 6.0 | 2,816 | 2,816 | ||||||||||||||||||||||||||||
Aimbridge Hospitality, LLC (3) | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.2 | 5,940 | 5,940 | ||||||||||||||||||||||||||||
Aimbridge Hospitality, LLC (3) | Hotels, Motels, Inns, and Gaming | Senior loan | 06/2022 | 7.2 | 237 | 237 | ||||||||||||||||||||||||||||
Boot Barn, Inc. | Retail Stores | Senior loan | 06/2021 | 5.8 | 5,285 | 5,285 | Retail Stores | Senior loan | 06/2021 | 6.9 | 5,001 | 5,001 | ||||||||||||||||||||||
Brandmuscle, Inc. | Printing and Publishing | Senior loan | 12/2021 | 6.1 | 4,172 | 4,167 | Printing and Publishing | Senior loan | 12/2021 | 7.1 | 4,023 | 4,020 | ||||||||||||||||||||||
Captain D's, LLC (3) | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 6.7 | 5,947 | 5,947 | ||||||||||||||||||||||||||||
Captain D's, LLC (3) | Personal, Food and Miscellaneous Services | Senior loan | 12/2023 | 7.9 | 23 | 23 | ||||||||||||||||||||||||||||
CLP Healthcare Services, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2020 | 6.6 | 2,049 | 2,008 | Healthcare, Education and Childcare | Senior loan | 12/2020 | 7.9 | 2,028 | 1,988 | ||||||||||||||||||||||
CLP Healthcare Services, Inc. | Healthcare, Education and Childcare | Senior loan | 12/2020 | 6.6 | 1,033 | 1,012 | Healthcare, Education and Childcare | Senior loan | 12/2020 | 7.9 | 1,022 | 1,001 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 6.8 | 2,095 | 2,095 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.9 | 2,074 | 2,074 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 6.8 | 1,053 | 1,053 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.9 | 1,043 | 1,043 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 6.8 | 59 | 59 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.9 | 58 | 58 | ||||||||||||||||||||||
Community Veterinary Partners, LLC | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 6.8 | 41 | 41 | Personal, Food and Miscellaneous Services | Senior loan | 10/2021 | 7.9 | 40 | 40 | ||||||||||||||||||||||
Curo Health Services LLC (3) | Healthcare, Education and Childcare | Senior loan | 02/2022 | 5.3 | 4,875 | 4,890 | ||||||||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.6 | 3,093 | 3,100 | Retail Stores | Senior loan | 06/2020 | 8.1 | 3,062 | 3,062 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.3 | 1,244 | 1,239 | Retail Stores | Senior loan | 06/2020 | 8.1 | 1,231 | 1,231 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.6 | 640 | 641 | Retail Stores | Senior loan | 06/2020 | 8.1 | 634 | 634 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.6 | 218 | 218 | Retail Stores | Senior loan | 06/2020 | 8.1 | 216 | 216 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.6 | 97 | 97 | Retail Stores | Senior loan | 06/2020 | 8.1 | 96 | 96 | ||||||||||||||||||||||
Elite Sportswear, L.P. | Retail Stores | Senior loan | 03/2020 | 6.5 | 93 | 93 | Retail Stores | Senior loan | 06/2020 | 8.1 | 92 | 92 | ||||||||||||||||||||||
Elite Sportswear, L.P. (4) | Retail Stores | Senior loan | 03/2020 | N/A (5) | — | (2 | ) | |||||||||||||||||||||||||||
Encore GC Acquisition, LLC | Healthcare, Education and Childcare | Senior loan | 01/2020 | 6.8 | 2,108 | 2,108 | Healthcare, Education and Childcare | Senior loan | 01/2020 | 7.5 | 2,026 | 2,026 | ||||||||||||||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 7.1 | 2,690 | 2,690 | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.1 | 2,662 | 2,662 | ||||||||||||||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 7.1 | 752 | 752 | ||||||||||||||||||||||||||||
Flexan, LLC | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.8 | 21 | 21 | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 8.1 | 739 | 739 | ||||||||||||||||||||||
Flexan, LLC (3) | Chemicals, Plastics and Rubber | Senior loan | 02/2020 | 9.8 | 136 | 136 | ||||||||||||||||||||||||||||
G & H Wire Company, Inc (3) | Healthcare, Education and Childcare | Senior loan | 09/2023 | 8.0 | 5,769 | 5,769 | ||||||||||||||||||||||||||||
Gamma Technologies, LLC (3) | Electronics | Senior loan | 06/2021 | 6.0 | 4,411 | 4,411 | Electronics | Senior loan | 06/2024 | 7.7 | 4,378 | 4,378 | ||||||||||||||||||||||
Harvey Tool Company, LLC | Diversified/Conglomerate Manufacturing | Senior loan | 03/2020 | 6.1 | 1,976 | 1,976 | ||||||||||||||||||||||||||||
III US Holdings, LLC | Diversified/Conglomerate Service | Senior loan | 09/2022 | 7.9 | 5,002 | 5,002 | Diversified/Conglomerate Service | Senior loan | 09/2022 | 9.0 | 4,887 | 4,887 | ||||||||||||||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 12/2021 | 6.3 | 1,973 | 1,973 | Buildings and Real Estate | Senior loan | 03/2024 | 6.7 | 1,973 | 1,973 | ||||||||||||||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 12/2021 | 6.4 | 87 | 87 | Buildings and Real Estate | Senior loan | 03/2024 | 6.7 | 103 | 103 | ||||||||||||||||||||||
Jensen Hughes, Inc. | Buildings and Real Estate | Senior loan | 12/2021 | 6.4 | 55 | 55 | Buildings and Real Estate | Senior loan | 03/2024 | 6.7 | 55 | 55 | ||||||||||||||||||||||
Loar Group Inc. | Aerospace and Defense | Senior loan | 01/2022 | 6.0 | 1,939 | 1,939 | ||||||||||||||||||||||||||||
Loar Group Inc. | Aerospace and Defense | Senior loan | 01/2022 | 6.0 | 1,337 | 1,337 | ||||||||||||||||||||||||||||
Mills Fleet Farm Group LLC (3) | Retail Stores | Senior loan | 02/2022 | 6.7 | 6,000 | 6,000 | Retail Stores | Senior loan | 02/2022 | 7.7 | 6,000 | 6,000 | ||||||||||||||||||||||
Park Place Technologies LLC (3) | Electronics | Senior loan | 06/2022 | 6.3 | 5,996 | 5,936 | ||||||||||||||||||||||||||||
NBC Intermediate, LLC (3) | Beverage, Food and Tobacco | Senior loan | 09/2023 | 6.5 | 2,634 | 2,608 | ||||||||||||||||||||||||||||
NBC Intermediate, LLC (3) | Beverage, Food and Tobacco | Senior loan | 09/2023 | 8.5 | 5 | 4 | ||||||||||||||||||||||||||||
Pasternack Enterprises, Inc. and Fairview Microwave, Inc | Diversified/Conglomerate Manufacturing | Senior loan | 05/2022 | 6.2 | 5,013 | 5,013 | Diversified/Conglomerate Manufacturing | Senior loan | 07/2025 | 6.2 | 4,963 | 4,938 | ||||||||||||||||||||||
Polk Acquisition Corp. (3) | Automobile | Senior loan | 06/2022 | 6.2 | 8,297 | 8,131 | Automobile | Senior loan | 06/2022 | 7.2 | 8,211 | 8,211 | ||||||||||||||||||||||
Polk Acquisition Corp. | Automobile | Senior loan | 06/2022 | 6.7 | 83 | 81 | Automobile | Senior loan | 06/2022 | 7.5 | 93 | 93 | ||||||||||||||||||||||
Polk Acquisition Corp. | Automobile | Senior loan | 06/2022 | 6.2 | 53 | 52 | Automobile | Senior loan | 06/2022 | 7.2 | 53 | 53 | ||||||||||||||||||||||
PowerPlan Holdings, Inc. (3) | Utilities | Senior loan | 02/2022 | 6.5 | 7,126 | 7,126 | ||||||||||||||||||||||||||||
Premise Health Holding Corp. (3) | Healthcare, Education and Childcare | Senior loan | 06/2020 | 5.8 | 5,925 | 5,925 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 7.7 | 2,346 | 2,346 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.8 | 2,451 | 2,451 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.8 | 166 | 166 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.8 | 148 | 148 | ||||||||||||||||||||||||||||
Pyramid Healthcare, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2019 | 8.8 | 109 | 109 |
GCIC SLF Loan Portfolio as of September 30, 2017 - (continued) | |||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | |||||||||||
(In thousands) | |||||||||||||||||
Pyramid Healthcare, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2019 | 7.9 | % | $ | 144 | $ | 144 | ||||||||
Radiology Partners, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 09/2020 | 7.1 | % | 7,095 | 7,095 | ||||||||||
Radiology Partners, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 09/2020 | 7.1 | 542 | 542 | |||||||||||
Radiology Partners, Inc. | Healthcare, Education and Childcare | Senior loan | 09/2020 | 7.1 | 460 | 460 | |||||||||||
RSC Acquisition, Inc. (3) | Insurance | Senior loan | 11/2022 | 6.6 | 3,323 | 3,323 | |||||||||||
RSC Acquisition, Inc. | Insurance | Senior loan | 11/2020 | 6.1 | 15 | 15 | |||||||||||
Rubio's Restaurants, Inc. | Beverage, Food and Tobacco | Senior loan | 11/2018 | 6.1 | 1,676 | 1,676 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 06/2018 | 6.6 | 1,501 | 1,501 | |||||||||||
Saldon Holdings, Inc. (3) | Diversified/Conglomerate Service | Senior loan | 09/2022 | 5.8 | 2,028 | 2,003 | |||||||||||
Sarnova HC, LLC | Healthcare, Education and Childcare | Senior loan | 01/2022 | 6.0 | 3,301 | 3,301 | |||||||||||
SEI, Inc. (3) | Electronics | Senior loan | 07/2021 | 6.0 | 5,217 | 5,217 | |||||||||||
Self Esteem Brands, LLC (3) | Leisure, Amusement, Motion Pictures, Entertainment | Senior loan | 02/2020 | 6.0 | 6,443 | 6,443 | |||||||||||
Severin Acquisition, LLC (3) | Diversified/Conglomerate Service | Senior loan | 07/2021 | 6.1 | 7,848 | 7,844 | |||||||||||
Severin Acquisition, LLC | Diversified/Conglomerate Service | Senior loan | 07/2021 | 6.2 | 1,079 | 1,083 | |||||||||||
Smashburger Finance LLC | Beverage, Food and Tobacco | Senior loan | 05/2018 | 6.8 | 5,291 | 4,603 | |||||||||||
Smashburger Finance LLC | Beverage, Food and Tobacco | Senior loan | 05/2018 | 6.8 | 418 | 364 | |||||||||||
Smashburger Finance LLC | Beverage, Food and Tobacco | Senior loan | 05/2018 | 6.8 | 417 | 363 | |||||||||||
Smashburger Finance LLC | Beverage, Food and Tobacco | Senior loan | 05/2018 | 6.8 | 416 | 362 | |||||||||||
Smashburger Finance LLC | Beverage, Food and Tobacco | Senior loan | 05/2018 | 6.8 | 415 | 361 | |||||||||||
Smashburger Finance LLC (4) | Beverage, Food and Tobacco | Senior loan | 05/2018 | N/A (5) | — | (90 | ) | ||||||||||
Tate's Bake Shop, Inc. (3) | Beverage, Food and Tobacco | Senior loan | 08/2019 | 6.3 | 705 | 705 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 5.6 | 1,097 | 1,097 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.1 | 859 | 859 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.1 | 165 | 165 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.1 | 61 | 61 | |||||||||||
Transaction Data Systems, Inc. | Diversified/Conglomerate Service | Senior loan | 06/2021 | 6.6 | 3,892 | 3,892 | |||||||||||
Transaction Data Systems, Inc. | Diversified/Conglomerate Service | Senior loan | 06/2020 | 5.8 | 22 | 21 | |||||||||||
Vendor Credentialing Service LLC (3) | Diversified/Conglomerate Service | Senior loan | 11/2021 | 7.2 | 5,985 | 5,985 | |||||||||||
WHCG Management, LLC (3) | Healthcare, Education and Childcare | Senior loan | 03/2023 | 6.1 | 2,202 | 2,202 | |||||||||||
WIRB-Copernicus Group, Inc. | Healthcare, Education and Childcare | Senior loan | 08/2022 | 6.3 | 5,421 | 5,421 | |||||||||||
Young Innovations, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 01/2019 | 6.3 | 751 | 751 | |||||||||||
Young Innovations, Inc. | Healthcare, Education and Childcare | Senior loan | 01/2019 | 6.3 | 23 | 23 | |||||||||||
$ | 162,815 | $ | 161,522 |
GCIC SLF Investment Portfolio as of September 30, 2018 - (continued) | |||||||||||||||||
Portfolio Company | Business Description | Security Type | Maturity Date | Current Interest Rate(1) | Principal ($) | Fair Value(2) | |||||||||||
(In thousands) | |||||||||||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.3 | % | $ | 5,970 | $ | 5,970 | ||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.3 | 626 | 626 | |||||||||||
Reladyne, Inc. (3) | Diversified/Conglomerate Manufacturing | Senior loan | 07/2022 | 7.3 | 543 | 543 | |||||||||||
RSC Acquisition, Inc. (3) | Insurance | Senior loan | 11/2022 | 6.7 | 3,289 | 3,281 | |||||||||||
RSC Acquisition, Inc. (3) | Insurance | Senior loan | 11/2021 | 6.8 | 17 | 17 | |||||||||||
Rubio's Restaurants, Inc (3) | Beverage, Food and Tobacco | Senior loan | 10/2019 | 7.6 | 1,659 | 1,659 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 04/2019 | 7.6 | 1,311 | 1,311 | |||||||||||
Rug Doctor LLC | Personal and Non Durable Consumer Products (Mfg. Only) | Senior loan | 04/2019 | 7.6 | 257 | 257 | |||||||||||
Saldon Holdings, Inc. (3) | Diversified/Conglomerate Service | Senior loan | 09/2022 | 6.4 | 1,893 | 1,884 | |||||||||||
SEI, Inc. (3) | Electronics | Senior loan | 07/2023 | 7.5 | 5,178 | 5,178 | |||||||||||
Self Esteem Brands, LLC (3) | Leisure, Amusement, Motion Pictures, Entertainment | Senior loan | 02/2020 | 7.0 | 5,776 | 5,776 | |||||||||||
Summit Behavioral Healthcare, LLC (3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.1 | 5,955 | 5,955 | |||||||||||
Summit Behavioral Healthcare, LLC (3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.1 | 292 | 292 | |||||||||||
Summit Behavioral Healthcare, LLC (3) | Healthcare, Education and Childcare | Senior loan | 10/2023 | 7.1 | 46 | 46 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.9 | 1,086 | 1,064 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 6.9 | 851 | 834 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.1 | 156 | 153 | |||||||||||
Teasdale Quality Foods, Inc. | Grocery | Senior loan | 10/2020 | 7.1 | 58 | 57 | |||||||||||
Upstream Intermediate, LLC (3) | Healthcare, Education and Childcare | Senior loan | 01/2024 | 6.6 | 3,576 | 3,576 | |||||||||||
Vendor Credentialing Service LLC (3) | Diversified/Conglomerate Service | Senior loan | 11/2021 | 8.0 | 5,924 | 5,924 | |||||||||||
WHCG Management, LLC (3) | Healthcare, Education and Childcare | Senior loan | 03/2023 | 7.4 | 2,180 | 2,180 | |||||||||||
WIRB-Copernicus Group, Inc. (3) | Healthcare, Education and Childcare | Senior loan | 08/2022 | 6.5 | 5,367 | 5,367 | |||||||||||
$ | 134,270 | $ | 134,102 |
(1) | Represents the weighted average annual current interest rate as of September 30, |
(2) | Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in our board of directors' valuation process described elsewhere herein. |
(3) | We also hold a portion of the first lien senior secured loan in this portfolio company. |
(4) | The negative fair value is the result of the unfunded commitment being valued below par. |
(5) | The entire commitment was unfunded as of September 30, |
As of June 30, 2018 | As of September 30, 2017 | As of December 31, 2018 | As of September 30, 2018 | |||||||||||
(In thousands) | (In thousands) | |||||||||||||
Selected Balance Sheet Information: | ||||||||||||||
Investments, at fair value | $ | 162,200 | $ | 161,522 | $ | 126,948 | $ | 134,102 | ||||||
Cash and other assets | 2,923 | 3,029 | 3,940 | 2,455 | ||||||||||
Total assets | $ | 165,123 | $ | 164,551 | $ | 130,888 | $ | 136,557 | ||||||
Senior credit facility | $ | 103,750 | $ | 108,150 | $ | 73,758 | $ | 79,650 | ||||||
Unamortized debt issuance costs | (730 | ) | (1,199 | ) | (519 | ) | (569 | ) | ||||||
Other liabilities | 384 | 338 | 428 | 403 | ||||||||||
Total liabilities | 103,404 | 107,289 | 73,667 | 79,484 | ||||||||||
Members’ equity | 61,719 | 57,262 | 57,221 | 57,073 | ||||||||||
Total liabilities and members' equity | $ | 165,123 | $ | 164,551 | $ | 130,888 | $ | 136,557 |
Three months ended December 31, | |||||||
2018 | 2017 | ||||||
(In thousands) | |||||||
Selected Statement of Operations Information: | |||||||
Interest income | $ | 2,573 | $ | 2,811 | |||
Fee income | — | 7 | |||||
Total investment income | 2,573 | 2,818 | |||||
Interest and other debt financing expense | 954 | 1,193 | |||||
Administrative service fee | 60 | 54 | |||||
Other expenses | 25 | 34 | |||||
Total expenses | 1,039 | 1,281 | |||||
Net investment income (loss) | 1,534 | 1,537 | |||||
Net change in unrealized appreciation (depreciation) on investments | (202 | ) | 605 | ||||
Net increase in members' equity | $ | 1,332 | $ | 2,142 |
Three months ended June 30, | Nine months ended June 30, | ||||||||||||||
2018 | 2017 | 2018 | 2017 | ||||||||||||
(In thousands) | (In thousands) | ||||||||||||||
Selected Statement of Operations Information: | |||||||||||||||
Interest income | $ | 3,241 | $ | 2,478 | $ | 9,274 | $ | 7,531 | |||||||
Fee income | — | — | 7 | — | |||||||||||
Total investment income | 3,241 | 2,478 | 9,281 | 7,531 | |||||||||||
Interest and other debt financing expense | 1,307 | 961 | 3,783 | 3,577 | |||||||||||
Administrative service fee | 63 | 57 | 179 | 163 | |||||||||||
Other expenses | 26 | 25 | 84 | 73 | |||||||||||
Total expenses | 1,396 | 1,043 | 4,046 | 3,813 | |||||||||||
Net investment income (loss) | 1,845 | 1,435 | 5,235 | 3,718 | |||||||||||
Net change in unrealized appreciation (depreciation) on investments | (54 | ) | (205 | ) | 1,018 | (242 | ) | ||||||||
Net increase in members' equity | $ | 1,791 | $ | 1,230 | $ | 6,253 | $ | 3,476 |
Payments Due by Period (In millions) | Payments Due by Period (In millions) | |||||||||||||||||||||||||||||||||||||
Total | Less Than 1 Year | 1 – 3 Years | 3 – 5 Years | More Than 5 Years | Total | Less Than 1 Year | 1 – 3 Years | 3 – 5 Years | More Than 5 Years | |||||||||||||||||||||||||||||
GCIC 2016 Debt Securitization | $ | 252.5 | $ | — | $ | — | $ | — | $ | 252.5 | ||||||||||||||||||||||||||||
GCIC 2018 Debt Securitization | $ | 546.5 | $ | — | $ | — | $ | — | $ | 546.5 | ||||||||||||||||||||||||||||
Credit Facility | 420.3 | — | — | 420.3 | — | 253.7 | — | — | 253.7 | — | ||||||||||||||||||||||||||||
DB Credit Facility | — | — | — | — | — | |||||||||||||||||||||||||||||||||
SMBC Revolver | 75.0 | 75.0 | — | — | — | 60.6 | 60.6 | — | — | — | ||||||||||||||||||||||||||||
Revolver | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Other short-term borrowings | 12.3 | 12.3 | — | — | — | 24.7 | 24.7 | — | — | — | ||||||||||||||||||||||||||||
Unfunded commitments (1) | 223.2 | 223.2 | — | — | — | 223.7 | 223.7 | — | — | — | ||||||||||||||||||||||||||||
Total contractual obligations | $ | 983.3 | $ | 310.5 | $ | — | $ | 420.3 | $ | 252.5 | $ | 1,109.2 | $ | 309.0 | $ | — | $ | 253.7 | $ | 546.5 |
(1) | Unfunded commitments represent unfunded commitments to fund investments, excluding our investments in GCIC SLF, as of |
Change in interest rates | Increase (decrease) in interest income | Increase (decrease) in interest expense | Net increase (decrease) in investment income | Increase (decrease) in interest income | Increase (decrease) in interest expense | Net increase (decrease) in investment income | ||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||
Down 25 basis points | $ | (3,678 | ) | $ | (1,869 | ) | $ | (1,809 | ) | $ | (4,468 | ) | $ | (1,420 | ) | $ | (3,048 | ) | ||||||
Up 50 basis points | 7,356 | 3,739 | 3,617 | 8,936 | 2,841 | 6,095 | ||||||||||||||||||
Up 100 basis points | 14,712 | 7,478 | 7,234 | 17,874 | 5,682 | 12,192 | ||||||||||||||||||
Up 150 basis points | 22,067 | 11,216 | 10,851 | 26,810 | 8,523 | 18,287 | ||||||||||||||||||
Up 200 basis points | 29,423 | 14,955 | 14,468 | 35,747 | 11,364 | 24,383 |
(i) | (a) the Board has changed its recommendation in favor of the proposals for its stockholders set forth in the Joint Proxy Statement/Prospectus and/or has approved an alternative takeover proposal; | |
(b) the Company fails to recommend that its stockholders vote in favor of the proposals for its stockholders set forth in the Joint Proxy Statement/Prospectus; | ||
(c) a takeover proposal by a third-party is announced and the Board fails to reaffirm its recommendation that the Company’s stockholders vote in favor of the proposals for the Company’s stockholders set forth in the Joint Proxy Statement/Prospectus; or | ||
(d) a tender or exchange offer for the Company’s common stock is initiated by a third-party, and the Board does not recommend rejection of such tender or exchange offer; |
(ii) | the Company materially breaches any of its obligations relating to the solicitation and administration of takeover proposals from third parties; or |
(iii) | (1) the Merger is not completed by November 27, 2019, the Company’s stockholders or GBDC’s stockholders, as applicable, do not approve the applicable proposals set forth in the Joint Proxy Statement/Prospectus at their respective special meetings, or the Company or GBDC, as applicable, willfully or intentionally breaches its representations, warranties, covenants or agreements in the Merger Agreement, | |
(2) an alternative takeover proposal of the Company is disclosed after the date of the Merger Agreement; and | ||
(3) the Company enters into an agreement with respect to such takeover proposal within twelve months after the Merger Agreement is terminated and such takeover is subsequently completed, subject to applicable law. |
Number | Description | ||
Agreement and Plan of Merger, by and among Golub Capital BDC, Inc., Golub Capital Investment Corporation, Fifth Ave Subsidiary Inc., GC Advisors, LLC, and solely for purposes of Section 1.9, Golub Capital LLC, dated as of November 27, 2018 (Incorporated by reference to Exhibit 2.1 to the Registrant’s Current Report on Form 8-K (File No 814-01128), filed on November 28, 2018). | |||
Amendment No. 1 to Agreement and Plan of Merger, dated as of December 21, 2018, by and among Golub Capital Investment Corporation, Golub Capital BDC, Inc., Fifth Ave Subsidiary Inc., GC Advisors LLC, and Golub Capital LLC (Incorporated by reference to Exhibit 4(b) to the Registration Statement on Form N-14 (File No. 333-228998), filed by Golub Capital BDC, Inc. on December 21, 2018). | |||
Note Purchase Agreement, dated December 13, 2018, by and | |||
Collateral Management Agreement, dated December 13, 2018, by and between GCIC CLO II LLC and GC Advisors LLC (incorporated by reference to Exhibit 10.3 to the Registrant’s Current Report on Form 8-K (File No. 814-01128), filed on December 19, 2018). | |||
Master Loan Sale Agreement by and among Golub Capital Investment Corporation, as the seller, GC Advisors LLC, as the closing date seller, GCIC CLO II LLC, as the buyer, and GCIC Funding LLC, as the warehouse borrower, dated as of December 13, 2018 (incorporated by reference to Exhibit 10.4 to the Registrant’s Current Report on Form 8-K (File No. 814-01128), filed on December 19, 2018). |
Master Loan Sale Agreement by and among Golub Capital Investment Corporation, as the seller, GCIC CLO II Depositor LLC, as the intermediate seller, and GCIC CLO II LLC, as the buyer, dated as of December 13, 2018 (incorporated by reference to Exhibit 10.5 to the Registrant’s Current Report on Form 8-K (File No. 814-01128), filed on December 19, 2018). | |||
Termination and Release of Security Interest Letter Agreement, dated as of December 13, 2018, pursuant to the Amended and Restated Loan and Servicing Agreement, | |||
Loan Financing and Servicing Agreement, dated as of December 31, 2018, by and among GCIC Funding II LLC, as borrower, Golub Capital Investment Corporation, as equityholder and as servicer, the lenders from time to time party thereto, Deutsche Bank AG, New York Branch, as facility agent, the other agents parties thereto, each of the entities from time to time party thereto as securitization subsidiaries, and Wells Fargo Bank, National Association, as collateral agent and as collateral custodian. (incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K (File No. 814-01128), filed on | |||
Sale and Contribution Agreement, dated as of December 31, 2018, between Golub Capital Investment Corporation, as seller, and GCIC Funding II LLC, as purchaser. (incorporated by reference to Exhibit 10.2 to the Registrant’s Current Report on Form 8-K (File No. 814-01128), filed on January 7, 2019). | |||
Certification of Chief Executive Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as amended.* | |||
Certification of Chief Financial Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as amended.* | |||
Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* |
Golub Capital Investment Corporation | ||
Dated: | By | /s/ David B. Golub |
David B. Golub | ||
President and Chief Executive Officer | ||
(Principal Executive Officer) | ||
Dated: | By | /s/ Ross A. Teune |
Ross A. Teune | ||
Chief Financial Officer | ||
(Principal Accounting and Financial Officer) |