COVER
COVER - shares | 9 Months Ended | |
Sep. 30, 2023 | Nov. 09, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2023 | |
Document Transition Report | false | |
Entity File Number | 814-01248 | |
Entity Registrant Name | Carlyle Credit Solutions, Inc. | |
Entity Incorporation, State or Country Code | MD | |
Entity Tax Identification Number | 81-5320146 | |
Entity Address, Address Line One | One Vanderbilt Avenue, | |
Entity Address, Address Line Two | Suite 3400, | |
Entity Address, City or Town | New York, | |
Entity Address, State or Province | NY | |
Entity Address, Postal Zip Code | 10017 | |
City Area Code | 212 | |
Local Phone Number | 813-4900 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | true | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 56,280,182 | |
Entity Central Index Key | 0001702510 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q3 | |
Current Fiscal Year End Date | --12-31 | |
Amendment Flag | false |
CONSOLIDATED STATEMENTS OF ASSE
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | ||
ASSETS | ||||
Investments—non-controlled/non-affiliated, at fair value (amortized cost of $1,912,035 and $2,139,784, respectively) | $ 1,833,008 | [1],[2] | $ 2,090,871 | [3] |
Cash, cash equivalents and restricted cash | 65,745 | 73,760 | ||
Receivable for investments sold | 399 | 2,107 | ||
Interest receivable | 22,419 | 21,648 | ||
Receivable for issuance of common stock | 96 | 349 | ||
Prepaid expenses and other assets | 9,221 | 9,427 | ||
Total assets | 1,930,888 | 2,198,162 | ||
LIABILITIES | ||||
Secured borrowings (Note 5) | 782,332 | 982,404 | ||
Payable for investments purchased | 0 | 97 | ||
Interest and credit facility fees payable (Note 5) | 9,586 | 13,559 | ||
Dividend payable (Note 7) | 28,254 | 30,366 | ||
Management and incentive fees payable (Note 4) | 7,521 | 7,703 | ||
Administrative service fees payable (Note 4) | 1,246 | 854 | ||
Common stock proceeds received in advance | 17,739 | 8,860 | ||
Other accrued expenses and liabilities | 2,564 | 2,818 | ||
Total liabilities | 849,242 | 1,046,661 | ||
Commitments and contingencies (Notes 6 and 9) | ||||
NET ASSETS | ||||
Common stock, $0.01 par value; 200,000,000 shares authorized; 55,472,032 and 58,396,516 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively | 555 | 584 | ||
Paid-in capital in excess of par value | 1,131,036 | 1,188,720 | ||
Total distributable earnings (loss) | (49,945) | (37,803) | ||
Total net assets | $ 1,081,646 | $ 1,151,501 | ||
NET ASSETS PER SHARE (in dollars per share) | $ 19.50 | $ 19.72 | ||
[1]Fair value is determined in good faith by the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments and equity investments was determined using significant unobservable inputs.[2]Unless otherwise indicated, issuers of debt and equity investments held by the Company are domiciled in the United States. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of September 30, 2023, the Company does not “control” any of these portfolio companies. Under the Investment Company Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of September 30, 2023, the Company is not an “affiliated person” of any of these portfolio companies. Certain portfolio company investments are subject to contractual restrictions on sales.[3]Fair value is determined in good faith by the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments and equity investments was determined using significant unobservable inputs. |
CONSOLIDATED STATEMENTS OF AS_2
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | |
Statement of Financial Position [Abstract] | ||||
Investments, amortized cost | $ 1,912,035 | [1] | $ 2,139,784 | |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | ||
Common stock, authorized (in shares) | 200,000,000 | 200,000,000 | ||
Common stock, issued (in shares) | 55,472,032 | 58,396,516 | ||
Common stock, outstanding (in shares) | 55,472,032 | 58,396,516 | 60,509,022 | |
[1]Unless otherwise indicated, issuers of debt and equity investments held by the Company are domiciled in the United States. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of September 30, 2023, the Company does not “control” any of these portfolio companies. Under the Investment Company Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of September 30, 2023, the Company is not an “affiliated person” of any of these portfolio companies. Certain portfolio company investments are subject to contractual restrictions on sales. |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Investment income: | ||||
Interest income | $ 56,936,000 | $ 46,150,000 | $ 171,771,000 | $ 125,599,000 |
PIK income | 3,096,000 | 2,618,000 | 8,743,000 | 7,667,000 |
Other income | 913,000 | 2,767,000 | 3,932,000 | 6,350,000 |
Total investment income | 60,945,000 | 51,535,000 | 184,446,000 | 139,616,000 |
Expenses: | ||||
Base management fees (Note 4) | 2,639,000 | 3,020,000 | 8,095,000 | 8,847,000 |
Net investment income incentive fee (Note 4) | 4,898,000 | 4,461,000 | 14,847,000 | 13,184,000 |
Professional fees | 380,000 | 610,000 | 1,291,000 | 2,649,000 |
Administrative service fees (Note 4) | 368,000 | 331,000 | 809,000 | 1,050,000 |
Interest expense and credit facility fees (Note 5) | 17,671,000 | 10,967,000 | 53,059,000 | 25,830,000 |
Directors’ fees and expenses | 61,000 | 98,000 | 207,000 | 300,000 |
Other general and administrative | 638,000 | 794,000 | 1,732,000 | 1,948,000 |
Total expenses | 26,655,000 | 20,281,000 | 80,040,000 | 53,808,000 |
Net investment income (loss) before taxes | 34,290,000 | 31,254,000 | 104,406,000 | 85,808,000 |
Excise tax expense | 168,000 | 0 | 569,000 | 0 |
Net investment income (loss) | 34,122,000 | 31,254,000 | 103,837,000 | 85,808,000 |
Net realized gain (loss) and net change in unrealized appreciation (depreciation) | ||||
Net realized gain (loss) on investments, Non-controlled/non-affiliated investments | (253,000) | (4,341,000) | (212,000) | (55,000) |
Net realized currency gain (loss) on non-investment assets and liabilities | 52,000 | (191,000) | (108,000) | (416,000) |
Net change in unrealized appreciation (depreciation) on investments, Non-controlled/non-affiliated investments | 417,000 | (873,000) | (30,114,000) | (45,526,000) |
Net change in unrealized currency gains (losses) on non-investment assets and liabilities | 2,665,000 | 7,718,000 | 191,000 | 17,511,000 |
Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities | 2,881,000 | 2,313,000 | (30,243,000) | (28,486,000) |
Net increase (decrease) in net assets resulting from operations | $ 37,003,000 | $ 33,567,000 | $ 73,594,000 | $ 57,322,000 |
Basic earnings per common share (in dollars per share) | $ 0.66 | $ 0.57 | $ 1.30 | $ 0.99 |
Diluted earnings per common share (in dollars per share) | $ 0.66 | $ 0.57 | $ 1.30 | $ 0.99 |
Weighted-average shares of common stock outstanding—basic (in shares) | 55,859,507 | 58,896,914 | 56,587,119 | 57,654,450 |
Weighted-average shares of common stock outstanding—diluted (in shares) | 55,859,507 | 58,896,914 | 56,587,119 | 57,654,450 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Net increase (decrease) in net assets resulting from operations | ||
Net investment income (loss) | $ 103,837 | $ 85,808 |
Net realized gain (loss) on investments and non-investment assets and liabilities | (320) | (471) |
Net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities | (29,923) | (28,015) |
Net increase (decrease) in net assets resulting from operations | 73,594 | 57,322 |
Capital transactions: | ||
Common stock issued | 53,104 | 109,868 |
Dividend reinvestment | 1,515 | 0 |
Repurchase of common stock | (112,253) | (39,674) |
Dividends declared (Note 7) | (85,815) | (91,479) |
Net increase (decrease) in net assets resulting from capital transactions | (143,449) | (21,285) |
Net increase (decrease) in net assets | (69,855) | 36,037 |
Net assets at beginning of period | 1,151,501 | 1,166,241 |
Net assets at end of period | $ 1,081,646 | $ 1,202,278 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Cash flows from operating activities: | ||
Net increase (decrease) in net assets resulting from operations | $ 73,594 | $ 57,322 |
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | ||
Amortization of deferred financing costs | 1,521 | 1,289 |
Net accretion of discount on investments | (7,896) | (9,346) |
Paid-in-kind interest | (8,980) | (9,996) |
Net realized (gain) loss on investments | 212 | 55 |
Net realized currency (gain) loss on non-investment assets and liabilities | 108 | 416 |
Net change in unrealized (appreciation) depreciation on investments | 30,114 | 45,526 |
Net change in unrealized currency (gains) losses on non-investment assets and liabilities | (191) | (17,511) |
Cost of investments purchased and change in payable for investments purchased | (92,191) | (449,566) |
Proceeds from sales and repayments of investments and change in receivable for investments sold | 338,049 | 416,972 |
Changes in operating assets: | ||
Interest receivable | (771) | (819) |
Prepaid expenses and other assets | (1,165) | (1,191) |
Changes in operating liabilities: | ||
Due to Investment Adviser | 0 | (278) |
Interest and credit facility fees payable | (3,973) | 3,744 |
Management and incentive fee payable | (182) | (278) |
Administrative service fees payable | 392 | 663 |
Other accrued expenses and liabilities | (254) | 245 |
Net cash provided by (used in) operating activities | 328,387 | 37,247 |
Cash flows from financing activities: | ||
Proceeds from issuance of common stock, inclusive of change in receivable for issuance of common stock and common stock proceeds received in advance | 62,236 | 113,325 |
Repurchase of common stock | (112,253) | (39,674) |
Borrowings on the Credit Facilities | 169,000 | 321,777 |
Repayments of the Credit Facilities | (368,823) | (340,748) |
Dividends paid in cash | (86,412) | (89,141) |
Debt issuance costs paid | (150) | (3,661) |
Net cash provided by (used in) financing activities | (336,402) | (38,122) |
Net increase (decrease) in cash, cash equivalents and restricted cash | (8,015) | (875) |
Cash, cash equivalents and restricted cash, beginning of period | 73,760 | 65,838 |
Cash, cash equivalents and restricted cash, end of period | 65,745 | 64,963 |
Supplemental disclosures: | ||
Interest and credit facility fees paid during the period | 54,456 | 20,855 |
Taxes, including excise tax, paid during the period | 69 | 0 |
Dividends declared during the period | 85,815 | 91,479 |
Dividends reinvested during the period | $ 1,515 | $ 0 |
CONSOLIDATED SCHEDULE OF INVEST
CONSOLIDATED SCHEDULE OF INVESTMENTS € in Thousands, £ in Thousands, shares in Thousands, $ in Thousands, $ in Thousands | 9 Months Ended | 12 Months Ended | |||||||||||||||
Sep. 30, 2023 USD ($) shares | Dec. 31, 2022 USD ($) shares | Sep. 30, 2023 EUR (€) shares | Sep. 30, 2023 GBP (£) shares | Sep. 30, 2023 CAD ($) shares | Dec. 31, 2022 EUR (€) shares | Dec. 31, 2022 GBP (£) shares | Dec. 31, 2022 CAD ($) shares | ||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Amortized cost | $ 1,912,035 | [1] | $ 2,139,784 | ||||||||||||||
Fair value | $ 1,833,008 | [1],[2] | $ 2,090,871 | [3] | |||||||||||||
Percent of net assets | 169.46% | [1] | 181.58% | 169.46% | [1] | 169.46% | [1] | 169.46% | [1] | 181.58% | 181.58% | 181.58% | |||||
Investments at fair value | Investment type concentration | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Concentration risk percentage | 100% | 100% | |||||||||||||||
First Lien Debt | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Amortized cost | $ 1,609,187 | [1],[4] | $ 1,802,253 | [5] | |||||||||||||
Fair value | $ 1,531,433 | [1],[2] | $ 1,755,773 | [3] | |||||||||||||
Percent of net assets | 141.57% | [1] | 152.48% | 141.57% | [1] | 141.57% | [1] | 141.57% | [1] | 152.48% | 152.48% | 152.48% | |||||
First Lien Debt | Investments at fair value | Investment type concentration | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Concentration risk percentage | 83.60% | 84% | |||||||||||||||
Second Lien Debt | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Amortized cost | $ 235,108 | [1],[4] | $ 269,498 | [5] | |||||||||||||
Fair value | $ 231,635 | [1],[2] | $ 260,934 | [3] | |||||||||||||
Percent of net assets | 21.41% | [1] | 22.66% | 21.41% | [1] | 21.41% | [1] | 21.41% | [1] | 22.66% | 22.66% | 22.66% | |||||
Second Lien Debt | Investments at fair value | Investment type concentration | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Concentration risk percentage | 12.60% | 12.50% | |||||||||||||||
Equity Investments | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Amortized cost | $ 67,740 | [1] | $ 68,033 | ||||||||||||||
Fair value | $ 69,940 | [1],[2] | $ 74,164 | [3] | |||||||||||||
Percent of net assets | 6.48% | [1] | 6.44% | 6.48% | [1] | 6.48% | [1] | 6.48% | [1] | 6.44% | 6.44% | 6.44% | |||||
Equity Investments | Investments at fair value | Investment type concentration | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Concentration risk percentage | 3.80% | 3.50% | |||||||||||||||
Investment, Identifier [Axis]: Equity Investments, ANLG Holdings, LLC, Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 592 | [6],[7] | 592 | [8],[9] | 592 | [6],[7] | 592 | [6],[7] | 592 | [6],[7] | 592 | [8],[9] | 592 | [8],[9] | 592 | [8],[9] | |
Amortized cost | $ 592 | [6],[7] | $ 592 | [8],[9] | |||||||||||||
Fair value | $ 991 | [2],[6],[7] | $ 675 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.09% | [6],[7] | 0.06% | [8],[9] | 0.09% | [6],[7] | 0.09% | [6],[7] | 0.09% | [6],[7] | 0.06% | [8],[9] | 0.06% | [8],[9] | 0.06% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Appriss Health, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 1 | [6],[7] | 1 | [8],[9] | 1 | [6],[7] | 1 | [6],[7] | 1 | [6],[7] | 1 | [8],[9] | 1 | [8],[9] | 1 | [8],[9] | |
Amortized cost | $ 544 | [6],[7] | $ 500 | [8],[9] | |||||||||||||
Fair value | $ 527 | [2],[6],[7] | $ 482 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.05% | [6],[7] | 0.04% | [8],[9] | 0.05% | [6],[7] | 0.05% | [6],[7] | 0.05% | [6],[7] | 0.04% | [8],[9] | 0.04% | [8],[9] | 0.04% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Atlas Ontario LP (Canada), Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 5,114 | [6],[7],[10] | 5,114 | [8],[9],[11] | 5,114 | [6],[7],[10] | 5,114 | [6],[7],[10] | 5,114 | [6],[7],[10] | 5,114 | [8],[9],[11] | 5,114 | [8],[9],[11] | 5,114 | [8],[9],[11] | |
Amortized cost | $ 5,114 | [6],[7],[10] | $ 5,114 | [8],[9],[11] | |||||||||||||
Fair value | $ 5,114 | [2],[6],[7],[10] | $ 5,114 | [3],[8],[9],[11] | |||||||||||||
Percent of net assets | 0.47% | [6],[7],[10] | 0.44% | [8],[9],[11] | 0.47% | [6],[7],[10] | 0.47% | [6],[7],[10] | 0.47% | [6],[7],[10] | 0.44% | [8],[9],[11] | 0.44% | [8],[9],[11] | 0.44% | [8],[9],[11] | |
Investment, Identifier [Axis]: Equity Investments, Avenu Holdings, LLC, Sovereign & Public Finance | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 172 | [6],[7] | 172 | [8],[9] | 172 | [6],[7] | 172 | [6],[7] | 172 | [6],[7] | 172 | [8],[9] | 172 | [8],[9] | 172 | [8],[9] | |
Amortized cost | $ 104 | [6],[7] | $ 104 | [8],[9] | |||||||||||||
Fair value | $ 522 | [2],[6],[7] | $ 545 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.05% | [6],[7] | 0.05% | [8],[9] | 0.05% | [6],[7] | 0.05% | [6],[7] | 0.05% | [6],[7] | 0.05% | [8],[9] | 0.05% | [8],[9] | 0.05% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Blackbird Holdco, Inc., Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 8 | [6],[7] | 7 | [8],[9] | 8 | [6],[7] | 8 | [6],[7] | 8 | [6],[7] | 7 | [8],[9] | 7 | [8],[9] | 7 | [8],[9] | |
Amortized cost | $ 7,951 | [6],[7] | $ 7,206 | [8],[9] | |||||||||||||
Fair value | $ 7,780 | [2],[6],[7] | $ 6,807 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.72% | [6],[7] | 0.59% | [8],[9] | 0.72% | [6],[7] | 0.72% | [6],[7] | 0.72% | [6],[7] | 0.59% | [8],[9] | 0.59% | [8],[9] | 0.59% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Buckeye Parent, LLC, Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 442 | [6],[7] | 442 | [8],[9] | 442 | [6],[7] | 442 | [6],[7] | 442 | [6],[7] | 442 | [8],[9] | 442 | [8],[9] | 442 | [8],[9] | |
Amortized cost | $ 442 | [6],[7] | $ 442 | [8],[9] | |||||||||||||
Fair value | $ 17 | [2],[6],[7] | $ 288 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0% | [6],[7] | 0.03% | [8],[9] | 0% | [6],[7] | 0% | [6],[7] | 0% | [6],[7] | 0.03% | [8],[9] | 0.03% | [8],[9] | 0.03% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Chartis Holding, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 433 | [6],[7] | 433 | [8],[9] | 433 | [6],[7] | 433 | [6],[7] | 433 | [6],[7] | 433 | [8],[9] | 433 | [8],[9] | 433 | [8],[9] | |
Amortized cost | $ 421 | [6],[7] | $ 428 | [8],[9] | |||||||||||||
Fair value | $ 607 | [2],[6],[7] | $ 595 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.06% | [6],[7] | 0.05% | [8],[9] | 0.06% | [6],[7] | 0.06% | [6],[7] | 0.06% | [6],[7] | 0.05% | [8],[9] | 0.05% | [8],[9] | 0.05% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Cority Software Inc. (Canada), Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 250 | [6],[7],[10] | 250 | [8],[9],[11] | 250 | [6],[7],[10] | 250 | [6],[7],[10] | 250 | [6],[7],[10] | 250 | [8],[9],[11] | 250 | [8],[9],[11] | 250 | [8],[9],[11] | |
Amortized cost | $ 250 | [6],[7],[10] | $ 250 | [8],[9],[11] | |||||||||||||
Fair value | $ 659 | [2],[6],[7],[10] | $ 641 | [3],[8],[9],[11] | |||||||||||||
Percent of net assets | 0.06% | [6],[7],[10] | 0.06% | [8],[9],[11] | 0.06% | [6],[7],[10] | 0.06% | [6],[7],[10] | 0.06% | [6],[7],[10] | 0.06% | [8],[9],[11] | 0.06% | [8],[9],[11] | 0.06% | [8],[9],[11] | |
Investment, Identifier [Axis]: Equity Investments, ECP Parent, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 268 | [6],[7] | 268 | [8],[9] | 268 | [6],[7] | 268 | [6],[7] | 268 | [6],[7] | 268 | [8],[9] | 268 | [8],[9] | 268 | [8],[9] | |
Amortized cost | $ 0 | [6],[7] | $ 0 | [8],[9] | |||||||||||||
Fair value | $ 290 | [2],[6],[7] | $ 290 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.03% | [6],[7] | 0.03% | [8],[9] | 0.03% | [6],[7] | 0.03% | [6],[7] | 0.03% | [6],[7] | 0.03% | [8],[9] | 0.03% | [8],[9] | 0.03% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, GB Vino Parent, L.P., Beverage & Food | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 4 | [6],[7] | 4 | [8],[9] | 4 | [6],[7] | 4 | [6],[7] | 4 | [6],[7] | 4 | [8],[9] | 4 | [8],[9] | 4 | [8],[9] | |
Amortized cost | $ 351 | [6],[7] | $ 351 | [8],[9] | |||||||||||||
Fair value | $ 293 | [2],[6],[7] | $ 249 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.03% | [6],[7] | 0.02% | [8],[9] | 0.03% | [6],[7] | 0.03% | [6],[7] | 0.03% | [6],[7] | 0.02% | [8],[9] | 0.02% | [8],[9] | 0.02% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Integrity Marketing Group, LLC, Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 18,056 | [6],[7] | 16,705 | [8],[9] | 18,056 | [6],[7] | 18,056 | [6],[7] | 18,056 | [6],[7] | 16,705 | [8],[9] | 16,705 | [8],[9] | 16,705 | [8],[9] | |
Amortized cost | $ 17,876 | [6],[7] | $ 16,472 | [8],[9] | |||||||||||||
Fair value | $ 17,519 | [2],[6],[7] | $ 16,597 | [3],[8],[9] | |||||||||||||
Percent of net assets | 1.62% | [6],[7] | 1.44% | [8],[9] | 1.62% | [6],[7] | 1.62% | [6],[7] | 1.62% | [6],[7] | 1.44% | [8],[9] | 1.44% | [8],[9] | 1.44% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, K2 Insurance Services, LLC, Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | [8],[9] | 433 | 433 | 433 | 433 | ||||||||||||
Amortized cost | [8],[9] | $ 306 | |||||||||||||||
Fair value | [3],[8],[9] | $ 867 | |||||||||||||||
Percent of net assets | [8],[9] | 0.08% | 0.08% | 0.08% | 0.08% | ||||||||||||
Investment, Identifier [Axis]: Equity Investments, NEFCO Holding Company LLC, Construction & Building | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 1 | [6],[7] | 1 | [8],[9] | 1 | [6],[7] | 1 | [6],[7] | 1 | [6],[7] | 1 | [8],[9] | 1 | [8],[9] | 1 | [8],[9] | |
Amortized cost | $ 608 | [6],[7] | $ 628 | [8],[9] | |||||||||||||
Fair value | $ 608 | [2],[6],[7] | $ 628 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.06% | [6],[7] | 0.05% | [8],[9] | 0.06% | [6],[7] | 0.06% | [6],[7] | 0.06% | [6],[7] | 0.05% | [8],[9] | 0.05% | [8],[9] | 0.05% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, NearU Holdings LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 25 | [6],[7] | 25 | [8],[9] | 25 | [6],[7] | 25 | [6],[7] | 25 | [6],[7] | 25 | [8],[9] | 25 | [8],[9] | 25 | [8],[9] | |
Amortized cost | $ 2,470 | [6],[7] | $ 2,470 | [8],[9] | |||||||||||||
Fair value | $ 1,582 | [2],[6],[7] | $ 2,470 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.15% | [6],[7] | 0.21% | [8],[9] | 0.15% | [6],[7] | 0.15% | [6],[7] | 0.15% | [6],[7] | 0.21% | [8],[9] | 0.21% | [8],[9] | 0.21% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, North Haven Goldfinch Topco, LLC, Containers, Packaging & Glass | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 2,315 | [6],[7] | 2,315 | [8],[9] | 2,315 | [6],[7] | 2,315 | [6],[7] | 2,315 | [6],[7] | 2,315 | [8],[9] | 2,315 | [8],[9] | 2,315 | [8],[9] | |
Amortized cost | $ 2,315 | [6],[7] | $ 2,315 | [8],[9] | |||||||||||||
Fair value | $ 0 | [2],[6],[7] | $ 1,300 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0% | [6],[7] | 0.11% | [8],[9] | 0% | [6],[7] | 0% | [6],[7] | 0% | [6],[7] | 0.11% | [8],[9] | 0.11% | [8],[9] | 0.11% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Pascal Ultimate Holdings, L.P, Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 36 | [6],[7] | 36 | [8],[9] | 36 | [6],[7] | 36 | [6],[7] | 36 | [6],[7] | 36 | [8],[9] | 36 | [8],[9] | 36 | [8],[9] | |
Amortized cost | $ 364 | [6],[7] | $ 364 | [8],[9] | |||||||||||||
Fair value | $ 859 | [2],[6],[7] | $ 850 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.08% | [6],[7] | 0.07% | [8],[9] | 0.08% | [6],[7] | 0.08% | [6],[7] | 0.08% | [6],[7] | 0.07% | [8],[9] | 0.07% | [8],[9] | 0.07% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Picard Parent, Inc., High Tech Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 8 | [6],[7] | 9 | [8],[9] | 8 | [6],[7] | 8 | [6],[7] | 8 | [6],[7] | 9 | [8],[9] | 9 | [8],[9] | 9 | [8],[9] | |
Amortized cost | $ 7,420 | [6],[7] | $ 8,526 | [8],[9] | |||||||||||||
Fair value | $ 7,607 | [2],[6],[7] | $ 8,520 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.70% | [6],[7] | 0.74% | [8],[9] | 0.70% | [6],[7] | 0.70% | [6],[7] | 0.70% | [6],[7] | 0.74% | [8],[9] | 0.74% | [8],[9] | 0.74% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Profile Holdings I, LP, Chemicals, Plastics & Rubber | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 3 | [6],[7] | 3 | [8],[9] | 3 | [6],[7] | 3 | [6],[7] | 3 | [6],[7] | 3 | [8],[9] | 3 | [8],[9] | 3 | [8],[9] | |
Amortized cost | $ 262 | [6],[7] | $ 262 | [8],[9] | |||||||||||||
Fair value | $ 226 | [2],[6],[7] | $ 336 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.02% | [6],[7] | 0.03% | [8],[9] | 0.02% | [6],[7] | 0.02% | [6],[7] | 0.02% | [6],[7] | 0.03% | [8],[9] | 0.03% | [8],[9] | 0.03% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Sinch AB (Sweden), High Tech Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 106 | [6],[7],[10] | 104 | [8],[9],[11] | 106 | [6],[7],[10] | 106 | [6],[7],[10] | 106 | [6],[7],[10] | 104 | [8],[9],[11] | 104 | [8],[9],[11] | 104 | [8],[9],[11] | |
Amortized cost | $ 1,168 | [6],[7],[10] | $ 1,168 | [8],[9],[11] | |||||||||||||
Fair value | $ 187 | [2],[6],[7],[10] | $ 382 | [3],[8],[9],[11] | |||||||||||||
Percent of net assets | 0.02% | [6],[7],[10] | 0.03% | [8],[9],[11] | 0.02% | [6],[7],[10] | 0.02% | [6],[7],[10] | 0.02% | [6],[7],[10] | 0.03% | [8],[9],[11] | 0.03% | [8],[9],[11] | 0.03% | [8],[9],[11] | |
Investment, Identifier [Axis]: Equity Investments, Summit K2 Midco, Inc., Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | [6],[7] | 61 | 61 | 61 | 61 | ||||||||||||
Amortized cost | [6],[7] | $ 61 | |||||||||||||||
Fair value | [2],[6],[7] | $ 62 | |||||||||||||||
Percent of net assets | [6],[7] | 0.01% | 0.01% | 0.01% | 0.01% | ||||||||||||
Investment, Identifier [Axis]: Equity Investments, Talon MidCo 1 Limited, Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 1,018 | [6],[7] | 145,632 | [8],[9] | 1,018 | [6],[7] | 1,018 | [6],[7] | 1,018 | [6],[7] | 145,632 | [8],[9] | 145,632 | [8],[9] | 145,632 | [8],[9] | |
Amortized cost | $ 1,456 | [6],[7] | $ 1,456 | [8],[9] | |||||||||||||
Fair value | $ 1,740 | [2],[6],[7] | $ 1,611 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.16% | [6],[7] | 0.14% | [8],[9] | 0.16% | [6],[7] | 0.16% | [6],[7] | 0.16% | [6],[7] | 0.14% | [8],[9] | 0.14% | [8],[9] | 0.14% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Tank Holding Corp., Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 850 | [6],[7] | 850 | [8],[9] | 850 | [6],[7] | 850 | [6],[7] | 850 | [6],[7] | 850 | [8],[9] | 850 | [8],[9] | 850 | [8],[9] | |
Amortized cost | $ 0 | [6],[7] | $ 0 | [8],[9] | |||||||||||||
Fair value | $ 2,364 | [2],[6],[7] | $ 2,687 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.22% | [6],[7] | 0.23% | [8],[9] | 0.22% | [6],[7] | 0.22% | [6],[7] | 0.22% | [6],[7] | 0.23% | [8],[9] | 0.23% | [8],[9] | 0.23% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Titan DI Preferred Holdings, Inc., Energy: Oil & Gas | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 16,197 | [6],[7] | 14,666 | [8],[9] | 16,197 | [6],[7] | 16,197 | [6],[7] | 16,197 | [6],[7] | 14,666 | [8],[9] | 14,666 | [8],[9] | 14,666 | [8],[9] | |
Amortized cost | $ 15,994 | [6],[7] | $ 14,439 | [8],[9] | |||||||||||||
Fair value | $ 15,833 | [2],[6],[7] | $ 14,263 | [3],[8],[9] | |||||||||||||
Percent of net assets | 1.46% | [6],[7] | 1.24% | [8],[9] | 1.46% | [6],[7] | 1.46% | [6],[7] | 1.46% | [6],[7] | 1.24% | [8],[9] | 1.24% | [8],[9] | 1.24% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Turbo Buyer, Inc., Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 1,925 | [6],[7] | 1,925 | [8],[9] | 1,925 | [6],[7] | 1,925 | [6],[7] | 1,925 | [6],[7] | 1,925 | [8],[9] | 1,925 | [8],[9] | 1,925 | [8],[9] | |
Amortized cost | $ 933 | [6],[7] | $ 933 | [8],[9] | |||||||||||||
Fair value | $ 2,226 | [2],[6],[7] | $ 2,307 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.21% | [6],[7] | 0.20% | [8],[9] | 0.21% | [6],[7] | 0.21% | [6],[7] | 0.21% | [6],[7] | 0.20% | [8],[9] | 0.20% | [8],[9] | 0.20% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, U.S. Legal Support Investment Holdings, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 641 | [6],[7] | 641 | [8],[9] | 641 | [6],[7] | 641 | [6],[7] | 641 | [6],[7] | 641 | [8],[9] | 641 | [8],[9] | 641 | [8],[9] | |
Amortized cost | $ 641 | [6],[7] | $ 641 | [8],[9] | |||||||||||||
Fair value | $ 698 | [2],[6],[7] | $ 551 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.06% | [6],[7] | 0.05% | [8],[9] | 0.06% | [6],[7] | 0.06% | [6],[7] | 0.06% | [6],[7] | 0.05% | [8],[9] | 0.05% | [8],[9] | 0.05% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Unifrutti Financing PLC (Cyprus), Beverage & Food 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | [8],[9],[11] | 2 | 2 | 2 | 2 | ||||||||||||
Amortized cost | [8],[9],[11] | $ 2,131 | |||||||||||||||
Fair value | [3],[8],[9],[11] | $ 2,816 | |||||||||||||||
Percent of net assets | [8],[9],[11] | 0.24% | 0.24% | 0.24% | 0.24% | ||||||||||||
Investment, Identifier [Axis]: Equity Investments, Unifrutti Financing PLC (Cyprus), Beverage & Food 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | [8],[9],[11] | 1 | 1 | 1 | 1 | ||||||||||||
Amortized cost | [8],[9],[11] | $ 532 | |||||||||||||||
Fair value | [3],[8],[9],[11] | $ 1,227 | |||||||||||||||
Percent of net assets | [8],[9],[11] | 0.11% | 0.11% | 0.11% | 0.11% | ||||||||||||
Investment, Identifier [Axis]: Equity Investments, W50 Parent LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 500 | [6],[7] | 500 | [8],[9] | 500 | [6],[7] | 500 | [6],[7] | 500 | [6],[7] | 500 | [8],[9] | 500 | [8],[9] | 500 | [8],[9] | |
Amortized cost | $ 190 | [6],[7] | $ 190 | [8],[9] | |||||||||||||
Fair value | $ 1,175 | [2],[6],[7] | $ 698 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.11% | [6],[7] | 0.06% | [8],[9] | 0.11% | [6],[7] | 0.11% | [6],[7] | 0.11% | [6],[7] | 0.06% | [8],[9] | 0.06% | [8],[9] | 0.06% | [8],[9] | |
Investment, Identifier [Axis]: Equity Investments, Zenith American Holding, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Investment balance (shares) | shares | 220 | [6],[7] | 439 | [8],[9] | 220 | [6],[7] | 220 | [6],[7] | 220 | [6],[7] | 439 | [8],[9] | 439 | [8],[9] | 439 | [8],[9] | |
Amortized cost | $ 213 | [6],[7] | $ 213 | [8],[9] | |||||||||||||
Fair value | $ 454 | [2],[6],[7] | $ 368 | [3],[8],[9] | |||||||||||||
Percent of net assets | 0.04% | [6],[7] | 0.03% | [8],[9] | 0.04% | [6],[7] | 0.04% | [6],[7] | 0.04% | [6],[7] | 0.03% | [8],[9] | 0.03% | [8],[9] | 0.03% | [8],[9] | |
Investment, Identifier [Axis]: First Lien Debt, ADPD Holdings, LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[15],[16],[17] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [6],[12],[13],[14],[15],[16],[17] | 11.68% | 11.68% | 11.68% | 11.68% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[15],[16],[17],[18] | $ 20,288 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16],[17] | 19,826 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16],[17] | $ 18,088 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[15],[16],[17] | 1.67% | 1.67% | 1.67% | 1.67% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Advanced Web Technologies Holding Company, Containers, Packaging & Glass | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16] | 11.80% | 11.80% | 11.80% | 11.80% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[18] | $ 16,708 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 16,488 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16] | $ 16,663 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16] | 1.54% | 1.54% | 1.54% | 1.54% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Advanced Web Technologies Holding Company, Containers, Packaging & Glass 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[16],[17] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [6],[12],[16],[17] | 12.30% | 12.30% | 12.30% | 12.30% | ||||||||||||
Par/principal amount | [6],[12],[16],[17],[18] | $ 989 | |||||||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 962 | |||||||||||||||
Fair value | [2],[6],[12],[16],[17] | $ 1,000 | |||||||||||||||
Percent of net assets | [6],[12],[16],[17] | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Advanced Web Technologies Holding Company, Containers, Packaging & Glass 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[16] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [6],[12],[16] | 12.05% | 12.05% | 12.05% | 12.05% | ||||||||||||
Par/principal amount | [6],[12],[16],[18] | $ 997 | |||||||||||||||
Amortized cost | [4],[6],[12],[16] | 983 | |||||||||||||||
Fair value | [2],[6],[12],[16] | $ 1,001 | |||||||||||||||
Percent of net assets | [6],[12],[16] | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Alpine Acquisition Corp II, Transportation: Cargo | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16],[17] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16],[17] | 11.47% | 11.47% | 11.47% | 11.47% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[17],[18] | $ 22,110 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16],[17] | 21,756 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16],[17] | $ 20,985 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16],[17] | 1.94% | 1.94% | 1.94% | 1.94% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, American Physician Partners, LLC, Healthcare & Pharmaceuticals 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[16],[17],[19],[20] | 10.25% | 10.25% | 10.25% | 10.25% | ||||||||||||
Interest, PIK | [6],[12],[16],[17],[19],[20] | 100% | 100% | 100% | 100% | ||||||||||||
Interest rate | [6],[12],[16],[17],[19],[20] | 15.65% | 15.65% | 15.65% | 15.65% | ||||||||||||
Par/principal amount | [6],[12],[16],[17],[18],[19],[20] | $ 3,500 | |||||||||||||||
Amortized cost | [4],[6],[12],[16],[17],[19],[20] | 3,233 | |||||||||||||||
Fair value | [2],[6],[12],[16],[17],[19],[20] | $ 0 | |||||||||||||||
Percent of net assets | [6],[12],[16],[17],[19],[20] | 0% | 0% | 0% | 0% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, American Physician Partners, LLC, Healthcare & Pharmaceuticals 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[15],[16],[17],[19],[20] | 10.25% | 10.25% | 10.25% | 10.25% | ||||||||||||
Interest, PIK | [12],[14],[15],[16],[17],[19],[20] | 100% | 100% | 100% | 100% | ||||||||||||
Interest rate | [12],[14],[15],[16],[17],[19],[20] | 15.65% | 15.65% | 15.65% | 15.65% | ||||||||||||
Par/principal amount | [12],[14],[15],[16],[17],[18],[19],[20] | $ 46,116 | |||||||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17],[19],[20] | 41,136 | |||||||||||||||
Fair value | [2],[12],[14],[15],[16],[17],[19],[20] | $ 0 | |||||||||||||||
Percent of net assets | [12],[14],[15],[16],[17],[19],[20] | 0% | 0% | 0% | 0% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Apex Companies Holdings, LLC, Environmental Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [12],[13],[14],[16] | 11.62% | 11.62% | 11.62% | 11.62% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[18] | $ 3,338 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 3,237 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16] | $ 3,311 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16] | 0.31% | 0.31% | 0.31% | 0.31% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Applied Technical Services, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[16],[17] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [6],[12],[13],[16],[17] | 11.54% | 11.54% | 11.54% | 11.54% | ||||||||||||
Par/principal amount | [6],[12],[13],[16],[17],[18] | $ 775 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[16],[17] | 758 | |||||||||||||||
Fair value | [2],[6],[12],[13],[16],[17] | $ 777 | |||||||||||||||
Percent of net assets | [6],[12],[13],[16],[17] | 0.07% | 0.07% | 0.07% | 0.07% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Appriss Health, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[15],[16],[17] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [6],[12],[13],[14],[15],[16],[17] | 12.23% | 12.23% | 12.23% | 12.23% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[15],[16],[17],[18] | $ 44,111 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16],[17] | 43,488 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16],[17] | $ 43,702 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[15],[16],[17] | 4.04% | 4.04% | 4.04% | 4.04% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Ascend Buyer, LLC, Containers, Packaging & Glass | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 6.40% | 6.40% | 6.40% | 6.40% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.94% | 11.94% | 11.94% | 11.94% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 12,403 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 12,194 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 12,211 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 1.13% | 1.13% | 1.13% | 1.13% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Associations, Inc., Construction & Building | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[16],[17] | 4% | 4% | 4% | 4% | ||||||||||||
Interest, PIK | [6],[12],[13],[14],[16],[17] | 2.50% | 2.50% | 2.50% | 2.50% | ||||||||||||
Interest rate | [6],[12],[13],[14],[16],[17] | 12.06% | 12.06% | 12.06% | 12.06% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[16],[17],[18] | $ 13,096 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[16],[17] | 13,010 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[16],[17] | $ 13,096 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[16],[17] | 1.21% | 1.21% | 1.21% | 1.21% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Atlas AU Bidco Pty Ltd (Australia), High Tech Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[10],[12],[13],[16] | 7.25% | 7.25% | 7.25% | 7.25% | ||||||||||||
Interest rate | [6],[10],[12],[13],[16] | 12.58% | 12.58% | 12.58% | 12.58% | ||||||||||||
Par/principal amount | [6],[10],[12],[13],[16],[18] | $ 1,445 | |||||||||||||||
Amortized cost | [4],[6],[10],[12],[13],[16] | 1,402 | |||||||||||||||
Fair value | [2],[6],[10],[12],[13],[16] | $ 1,461 | |||||||||||||||
Percent of net assets | [6],[10],[12],[13],[16] | 0.14% | 0.14% | 0.14% | 0.14% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Aurora Lux FinCo S.Á.R.L. (Luxembourg), Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [10],[12],[14],[15],[16],[17] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [10],[12],[14],[15],[16],[17] | 11.58% | 11.58% | 11.58% | 11.58% | ||||||||||||
Par/principal amount | [10],[12],[14],[15],[16],[17],[18] | $ 36,281 | |||||||||||||||
Amortized cost | [4],[10],[12],[14],[15],[16],[17] | 35,798 | |||||||||||||||
Fair value | [2],[10],[12],[14],[15],[16],[17] | $ 34,761 | |||||||||||||||
Percent of net assets | [10],[12],[14],[15],[16],[17] | 3.21% | 3.21% | 3.21% | 3.21% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Avalara, Inc., Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[15],[16] | 7.25% | 7.25% | 7.25% | 7.25% | ||||||||||||
Interest rate | [12],[13],[14],[15],[16] | 12.64% | 12.64% | 12.64% | 12.64% | ||||||||||||
Par/principal amount | [12],[13],[14],[15],[16],[18] | $ 13,500 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16] | 13,174 | |||||||||||||||
Fair value | [2],[12],[13],[14],[15],[16] | $ 13,723 | |||||||||||||||
Percent of net assets | [12],[13],[14],[15],[16] | 1.27% | 1.27% | 1.27% | 1.27% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, BMS Holdings III Corp., Construction & Building | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[15],[16] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [12],[14],[15],[16] | 11.01% | 11.01% | 11.01% | 11.01% | ||||||||||||
Par/principal amount | [12],[14],[15],[16],[18] | $ 28,832 | |||||||||||||||
Amortized cost | [4],[12],[14],[15],[16] | 28,477 | |||||||||||||||
Fair value | [2],[12],[14],[15],[16] | $ 28,042 | |||||||||||||||
Percent of net assets | [12],[14],[15],[16] | 2.59% | 2.59% | 2.59% | 2.59% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Barnes & Noble, Inc., Retail | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[15],[16],[17],[21] | 8.81% | 8.81% | 8.81% | 8.81% | ||||||||||||
Interest rate | [12],[14],[15],[16],[17],[21] | 14.23% | 14.23% | 14.23% | 14.23% | ||||||||||||
Par/principal amount | [12],[14],[15],[16],[17],[18],[21] | $ 26,763 | |||||||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17],[21] | 26,147 | |||||||||||||||
Fair value | [2],[12],[14],[15],[16],[17],[21] | $ 26,581 | |||||||||||||||
Percent of net assets | [12],[14],[15],[16],[17],[21] | 2.46% | 2.46% | 2.46% | 2.46% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, BlueCat Networks, Inc. (Canada), High Tech Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[10],[12],[13],[15],[16] | 4% | 4% | 4% | 4% | ||||||||||||
Interest, PIK | [6],[10],[12],[13],[15],[16] | 2% | 2% | 2% | 2% | ||||||||||||
Interest rate | [6],[10],[12],[13],[15],[16] | 11.39% | 11.39% | 11.39% | 11.39% | ||||||||||||
Par/principal amount | [6],[10],[12],[13],[15],[16],[18] | $ 14,732 | |||||||||||||||
Amortized cost | [4],[6],[10],[12],[13],[15],[16] | 14,474 | |||||||||||||||
Fair value | [2],[6],[10],[12],[13],[15],[16] | $ 14,509 | |||||||||||||||
Percent of net assets | [6],[10],[12],[13],[15],[16] | 1.34% | 1.34% | 1.34% | 1.34% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Bradyifs Holdings, LLC, Wholesale | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.68% | 11.68% | 11.68% | 11.68% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 19,555 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 19,370 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 19,490 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 1.80% | 1.80% | 1.80% | 1.80% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, CD&R Madison Parent Ltd (United Kingdom), Business Services 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[10],[12] | 6% | 6% | 6% | 6% | ||||||||||||
Interest, PIK | [6],[10],[12] | 2% | 2% | 2% | 2% | ||||||||||||
Interest rate | [6],[10],[12] | 11.78% | 11.78% | 11.78% | 11.78% | ||||||||||||
Par/principal amount | € | [6],[10],[12],[18] | € 121 | |||||||||||||||
Amortized cost | [4],[6],[10],[12] | $ 125 | |||||||||||||||
Fair value | [2],[6],[10],[12] | $ 130 | |||||||||||||||
Percent of net assets | [6],[10],[12] | 0.01% | 0.01% | 0.01% | 0.01% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, CD&R Madison Parent Ltd (United Kingdom), Business Services 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[10],[12],[13] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest, PIK | [6],[10],[12],[13] | 2% | 2% | 2% | 2% | ||||||||||||
Interest rate | [6],[10],[12],[13] | 13.69% | 13.69% | 13.69% | 13.69% | ||||||||||||
Par/principal amount | £ | [6],[10],[12],[13],[18] | £ 246 | |||||||||||||||
Amortized cost | [4],[6],[10],[12],[13] | $ 286 | |||||||||||||||
Fair value | [2],[6],[10],[12],[13] | $ 305 | |||||||||||||||
Percent of net assets | [6],[10],[12],[13] | 0.03% | 0.03% | 0.03% | 0.03% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, CPI Intermediate Holdings, Inc., Telecommunications | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [12],[13],[14],[16] | 10.87% | 10.87% | 10.87% | 10.87% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[18] | $ 3,853 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 3,778 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16] | $ 3,789 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16] | 0.35% | 0.35% | 0.35% | 0.35% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, CST Holding Company, Consumer Goods: Non-Durable | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.92% | 11.92% | 11.92% | 11.92% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 2,473 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 2,402 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 2,485 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 0.23% | 0.23% | 0.23% | 0.23% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Celerion Buyer, Inc., Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [12],[13],[14],[16] | 11.93% | 11.93% | 11.93% | 11.93% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[18] | $ 1,564 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 1,520 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16] | $ 1,584 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16] | 0.15% | 0.15% | 0.15% | 0.15% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Chartis Holding, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[15],[16],[17] | 5% | 5% | 5% | 5% | ||||||||||||
Interest rate | [6],[12],[13],[14],[15],[16],[17] | 10.52% | 10.52% | 10.52% | 10.52% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[15],[16],[17],[18] | $ 38,983 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16],[17] | 38,727 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16],[17] | $ 38,885 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[15],[16],[17] | 3.60% | 3.60% | 3.60% | 3.60% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Chemical Computing Group ULC (Canada), Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[10],[12],[13],[15],[16],[17] | 4.50% | 4.50% | 4.50% | 4.50% | ||||||||||||
Interest rate | [6],[10],[12],[13],[15],[16],[17] | 9.92% | 9.92% | 9.92% | 9.92% | ||||||||||||
Par/principal amount | [6],[10],[12],[13],[15],[16],[17],[18] | $ 11,909 | |||||||||||||||
Amortized cost | [4],[6],[10],[12],[13],[15],[16],[17] | 11,892 | |||||||||||||||
Fair value | [2],[6],[10],[12],[13],[15],[16],[17] | $ 11,849 | |||||||||||||||
Percent of net assets | [6],[10],[12],[13],[15],[16],[17] | 1.10% | 1.10% | 1.10% | 1.10% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, CircusTrix Holdings, LLC, Leisure Products & Services 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16] | 12.08% | 12.08% | 12.08% | 12.08% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[18] | $ 8,387 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 8,145 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16] | $ 8,137 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16] | 0.75% | 0.75% | 0.75% | 0.75% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Comar Holding Company, LLC, Containers, Packaging & Glass | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[15],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [12],[14],[15],[16],[17] | 11.31% | 11.31% | 11.31% | 11.31% | ||||||||||||
Par/principal amount | [12],[14],[15],[16],[17],[18] | $ 43,658 | |||||||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17] | 43,527 | |||||||||||||||
Fair value | [2],[12],[14],[15],[16],[17] | $ 37,320 | |||||||||||||||
Percent of net assets | [12],[14],[15],[16],[17] | 3.45% | 3.45% | 3.45% | 3.45% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, CoreWeave Compute Acquisition Co. II, LLC, High Tech Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[16] | 8.75% | 8.75% | 8.75% | 8.75% | ||||||||||||
Interest rate | [6],[12],[13],[16] | 14.13% | 14.13% | 14.13% | 14.13% | ||||||||||||
Par/principal amount | [6],[12],[13],[16],[18] | $ 90 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[16] | 55 | |||||||||||||||
Fair value | [2],[6],[12],[13],[16] | $ 54 | |||||||||||||||
Percent of net assets | [6],[12],[13],[16] | 0.01% | 0.01% | 0.01% | 0.01% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Cority Software Inc. (Canada), Software 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[10],[12],[13],[14],[15],[16] | 5% | 5% | 5% | 5% | ||||||||||||
Interest rate | [6],[10],[12],[13],[14],[15],[16] | 10.25% | 10.25% | 10.25% | 10.25% | ||||||||||||
Par/principal amount | [6],[10],[12],[13],[14],[15],[16],[18] | $ 55,212 | |||||||||||||||
Amortized cost | [4],[6],[10],[12],[13],[14],[15],[16] | 54,671 | |||||||||||||||
Fair value | [2],[6],[10],[12],[13],[14],[15],[16] | $ 55,009 | |||||||||||||||
Percent of net assets | [6],[10],[12],[13],[14],[15],[16] | 5.09% | 5.09% | 5.09% | 5.09% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Cority Software Inc. (Canada), Software 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [10],[12],[14],[16] | 7% | 7% | 7% | 7% | ||||||||||||
Interest rate | [10],[12],[14],[16] | 12.25% | 12.25% | 12.25% | 12.25% | ||||||||||||
Par/principal amount | [10],[12],[14],[16],[18] | $ 1,845 | |||||||||||||||
Amortized cost | [4],[10],[12],[14],[16] | 1,815 | |||||||||||||||
Fair value | [2],[10],[12],[14],[16] | $ 1,842 | |||||||||||||||
Percent of net assets | [10],[12],[14],[16] | 0.17% | 0.17% | 0.17% | 0.17% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Coupa Holdings, LLC, Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [12],[13],[14],[16] | 12.82% | 12.82% | 12.82% | 12.82% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[18] | $ 2,160 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 2,101 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16] | $ 2,210 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16] | 0.20% | 0.20% | 0.20% | 0.20% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, DCA Investment Holding LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[16] | 6.41% | 6.41% | 6.41% | 6.41% | ||||||||||||
Interest rate | [12],[15],[16] | 11.80% | 11.80% | 11.80% | 11.80% | ||||||||||||
Par/principal amount | [12],[15],[16],[18] | $ 12,115 | |||||||||||||||
Amortized cost | [4],[12],[15],[16] | 11,993 | |||||||||||||||
Fair value | [2],[12],[15],[16] | $ 11,939 | |||||||||||||||
Percent of net assets | [12],[15],[16] | 1.10% | 1.10% | 1.10% | 1.10% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Denali Midco 2, LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.92% | 11.92% | 11.92% | 11.92% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 9,045 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 8,796 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 8,840 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 0.82% | 0.82% | 0.82% | 0.82% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Dermatology Associates, Healthcare & Pharmaceuticals 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[16],[17] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest, PIK | [6],[12],[16],[17] | 100% | 100% | 100% | 100% | ||||||||||||
Interest rate | [6],[12],[16],[17] | 11.79% | 11.79% | 11.79% | 11.79% | ||||||||||||
Par/principal amount | [6],[12],[16],[17],[18] | $ 9,931 | |||||||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 9,931 | |||||||||||||||
Fair value | [2],[6],[12],[16],[17] | $ 9,920 | |||||||||||||||
Percent of net assets | [6],[12],[16],[17] | 0.92% | 0.92% | 0.92% | 0.92% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Dermatology Associates, Healthcare & Pharmaceuticals 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[16],[20],[21] | 11.35% | 11.35% | 11.35% | 11.35% | ||||||||||||
Interest, PIK | [6],[12],[16],[20],[21] | 100% | 100% | 100% | 100% | ||||||||||||
Interest rate | [6],[12],[16],[20],[21] | 16.89% | 16.89% | 16.89% | 16.89% | ||||||||||||
Par/principal amount | [6],[12],[16],[18],[20],[21] | $ 12,259 | |||||||||||||||
Amortized cost | [4],[6],[12],[16],[20],[21] | 6,106 | |||||||||||||||
Fair value | [2],[6],[12],[16],[20],[21] | $ 8,855 | |||||||||||||||
Percent of net assets | [6],[12],[16],[20],[21] | 0.82% | 0.82% | 0.82% | 0.82% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Diligent Corporation, Telecommunications | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[16],[17] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [6],[12],[13],[16],[17] | 11.77% | 11.77% | 11.77% | 11.77% | ||||||||||||
Par/principal amount | [6],[12],[13],[16],[17],[18] | $ 659 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[16],[17] | 650 | |||||||||||||||
Fair value | [2],[6],[12],[13],[16],[17] | $ 650 | |||||||||||||||
Percent of net assets | [6],[12],[13],[16],[17] | 0.06% | 0.06% | 0.06% | 0.06% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Dwyer Instruments, Inc., Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.22% | 11.22% | 11.22% | 11.22% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 13,780 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 13,583 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 13,790 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 1.27% | 1.27% | 1.27% | 1.27% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, EPS Nass Parent, Inc., Utilities: Electric | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.29% | 11.29% | 11.29% | 11.29% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 935 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 922 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 917 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 0.08% | 0.08% | 0.08% | 0.08% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Eliassen Group, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16] | 10.84% | 10.84% | 10.84% | 10.84% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[18] | $ 21,441 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 21,152 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16] | $ 21,344 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16] | 1.97% | 1.97% | 1.97% | 1.97% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Ellkay, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [12],[13],[14],[16] | 11.77% | 11.77% | 11.77% | 11.77% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[18] | $ 14,000 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 13,775 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16] | $ 12,901 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16] | 1.19% | 1.19% | 1.19% | 1.19% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Excel Fitness Holdings, Inc., Leisure Products & Services 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[16],[17] | 5.25% | 5.25% | 5.25% | 5.25% | ||||||||||||
Interest rate | [6],[12],[13],[14],[16],[17] | 10.79% | 10.79% | 10.79% | 10.79% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[16],[17],[18] | $ 6,172 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[16],[17] | 6,054 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[16],[17] | $ 6,045 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[16],[17] | 0.56% | 0.56% | 0.56% | 0.56% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Excel Fitness Holdings, Inc., Leisure Products & Services 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [12],[14],[16],[17] | 11.14% | 11.14% | 11.14% | 11.14% | ||||||||||||
Par/principal amount | [12],[14],[16],[17],[18] | $ 2,846 | |||||||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 2,772 | |||||||||||||||
Fair value | [2],[12],[14],[16],[17] | $ 2,846 | |||||||||||||||
Percent of net assets | [12],[14],[16],[17] | 0.26% | 0.26% | 0.26% | 0.26% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Excelitas Technologies Corp., Capital Equipment 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[15],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [6],[12],[13],[14],[15],[16],[17] | 11.21% | 11.21% | 11.21% | 11.21% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[15],[16],[17],[18] | $ 6,428 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16],[17] | 6,307 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16],[17] | $ 6,352 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[15],[16],[17] | 0.59% | 0.59% | 0.59% | 0.59% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Excelitas Technologies Corp., Capital Equipment 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [12],[15] | 9.54% | 9.54% | 9.54% | 9.54% | ||||||||||||
Par/principal amount | £ | [12],[15],[18] | £ 2,532 | |||||||||||||||
Amortized cost | [4],[12],[15] | $ 2,553 | |||||||||||||||
Fair value | [2],[12],[15] | $ 2,648 | |||||||||||||||
Percent of net assets | [12],[15] | 0.24% | 0.24% | 0.24% | 0.24% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, FPG Intermediate Holdco, LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[16],[17] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [6],[12],[13],[16],[17] | 12.07% | 12.07% | 12.07% | 12.07% | ||||||||||||
Par/principal amount | [6],[12],[13],[16],[17],[18] | $ 722 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[16],[17] | 591 | |||||||||||||||
Fair value | [2],[6],[12],[13],[16],[17] | $ 616 | |||||||||||||||
Percent of net assets | [6],[12],[13],[16],[17] | 0.06% | 0.06% | 0.06% | 0.06% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Greenhouse Software, Inc., Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[15],[16] | 7% | 7% | 7% | 7% | ||||||||||||
Interest rate | [6],[12],[13],[14],[15],[16] | 12.39% | 12.39% | 12.39% | 12.39% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[15],[16],[18] | $ 32,796 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16] | 32,138 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16] | $ 32,544 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[15],[16] | 3.01% | 3.01% | 3.01% | 3.01% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Guidehouse LLP, Sovereign & Public Finance | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[16],[17] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [6],[12],[16],[17] | 11.67% | 11.67% | 11.67% | 11.67% | ||||||||||||
Par/principal amount | [6],[12],[16],[17],[18] | $ 79 | |||||||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 78 | |||||||||||||||
Fair value | [2],[6],[12],[16],[17] | $ 79 | |||||||||||||||
Percent of net assets | [6],[12],[16],[17] | 0.01% | 0.01% | 0.01% | 0.01% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, HS Spa Holdings Inc., Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16] | 11.07% | 11.07% | 11.07% | 11.07% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[18] | $ 8,696 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 8,530 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16] | $ 8,630 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16] | 0.80% | 0.80% | 0.80% | 0.80% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Hadrian Acquisition Limited (United Kingdom), Diversified Financial Services 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [10],[12],[15],[16] | 5.26% | 5.26% | 5.26% | 5.26% | ||||||||||||
Interest, PIK | [10],[12],[15],[16] | 3.47% | 3.47% | 3.47% | 3.47% | ||||||||||||
Interest rate | [10],[12],[15],[16] | 13.92% | 13.92% | 13.92% | 13.92% | ||||||||||||
Par/principal amount | £ | [10],[12],[15],[16],[18] | £ 7,529 | |||||||||||||||
Amortized cost | [4],[10],[12],[15],[16] | $ 9,809 | |||||||||||||||
Fair value | [2],[10],[12],[15],[16] | $ 9,117 | |||||||||||||||
Percent of net assets | [10],[12],[15],[16] | 0.84% | 0.84% | 0.84% | 0.84% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Hadrian Acquisition Limited (United Kingdom), Diversified Financial Services 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [10],[12],[13],[15],[16] | 5% | 5% | 5% | 5% | ||||||||||||
Interest, PIK | [10],[12],[13],[15],[16] | 2.75% | 2.75% | 2.75% | 2.75% | ||||||||||||
Interest rate | [10],[12],[13],[15],[16] | 12.94% | 12.94% | 12.94% | 12.94% | ||||||||||||
Par/principal amount | £ | [10],[12],[13],[15],[16],[18] | £ 1,951 | |||||||||||||||
Amortized cost | [4],[10],[12],[13],[15],[16] | $ 2,257 | |||||||||||||||
Fair value | [2],[10],[12],[13],[15],[16] | $ 2,354 | |||||||||||||||
Percent of net assets | [10],[12],[13],[15],[16] | 0.22% | 0.22% | 0.22% | 0.22% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Harbour Benefit Holdings, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[15],[16] | 5% | 5% | 5% | 5% | ||||||||||||
Interest rate | [12],[13],[14],[15],[16] | 10.53% | 10.53% | 10.53% | 10.53% | ||||||||||||
Par/principal amount | [12],[13],[14],[15],[16],[18] | $ 8,188 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16] | 8,171 | |||||||||||||||
Fair value | [2],[12],[13],[14],[15],[16] | $ 8,120 | |||||||||||||||
Percent of net assets | [12],[13],[14],[15],[16] | 0.75% | 0.75% | 0.75% | 0.75% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Heartland Home Services, Inc., Consumer Services 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [12],[14],[16],[17] | 11.07% | 11.07% | 11.07% | 11.07% | ||||||||||||
Par/principal amount | [12],[14],[16],[17],[18] | $ 4,014 | |||||||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 3,986 | |||||||||||||||
Fair value | [2],[12],[14],[16],[17] | $ 3,932 | |||||||||||||||
Percent of net assets | [12],[14],[16],[17] | 0.36% | 0.36% | 0.36% | 0.36% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Heartland Home Services, Inc., Consumer Services 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[15],[16],[17] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [12],[13],[14],[15],[16],[17] | 11.32% | 11.32% | 11.32% | 11.32% | ||||||||||||
Par/principal amount | [12],[13],[14],[15],[16],[17],[18] | $ 31,372 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16],[17] | 30,985 | |||||||||||||||
Fair value | [2],[12],[13],[14],[15],[16],[17] | $ 30,905 | |||||||||||||||
Percent of net assets | [12],[13],[14],[15],[16],[17] | 2.86% | 2.86% | 2.86% | 2.86% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Hercules Borrower LLC, Environmental Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16],[17] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16],[17] | 11.74% | 11.74% | 11.74% | 11.74% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[17],[18] | $ 18,242 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16],[17] | 17,942 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16],[17] | $ 18,242 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16],[17] | 1.69% | 1.69% | 1.69% | 1.69% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Hoosier Intermediate, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[16] | 5% | 5% | 5% | 5% | ||||||||||||
Interest rate | [6],[12],[13],[14],[16] | 10.51% | 10.51% | 10.51% | 10.51% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[16],[18] | $ 16,232 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[16] | 15,943 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[16] | $ 14,784 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[16] | 1.37% | 1.37% | 1.37% | 1.37% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, IQN Holding Corp., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16] | 5.25% | 5.25% | 5.25% | 5.25% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16] | 10.67% | 10.67% | 10.67% | 10.67% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[18] | $ 6,923 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 6,858 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16] | $ 6,964 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16] | 0.64% | 0.64% | 0.64% | 0.64% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Infront Luxembourg Finance S.À R.L. (Luxembourg), Leisure Products & Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [10],[12],[14],[15] | 9% | 9% | 9% | 9% | ||||||||||||
Interest rate | [10],[12],[14],[15] | 12.78% | 12.78% | 12.78% | 12.78% | ||||||||||||
Par/principal amount | € | [10],[12],[14],[15],[18] | € 33,000 | |||||||||||||||
Amortized cost | [4],[10],[12],[14],[15] | $ 39,335 | |||||||||||||||
Fair value | [2],[10],[12],[14],[15] | $ 34,715 | |||||||||||||||
Percent of net assets | [10],[12],[14],[15] | 3.21% | 3.21% | 3.21% | 3.21% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Integrity Marketing Acquisition, LLC, Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[15],[16],[17] | 6.05% | 6.05% | 6.05% | 6.05% | ||||||||||||
Interest rate | [12],[14],[15],[16],[17] | 11.57% | 11.57% | 11.57% | 11.57% | ||||||||||||
Par/principal amount | [12],[14],[15],[16],[17],[18] | $ 31,939 | |||||||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17] | 31,757 | |||||||||||||||
Fair value | [2],[12],[14],[15],[16],[17] | $ 31,575 | |||||||||||||||
Percent of net assets | [12],[14],[15],[16],[17] | 2.92% | 2.92% | 2.92% | 2.92% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Jeg's Automotive, LLC, Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.55% | 11.55% | 11.55% | 11.55% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 16,411 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 16,115 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 13,486 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 1.25% | 1.25% | 1.25% | 1.25% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Kaseya, Inc., High Tech Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[15],[16] | 3.75% | 3.75% | 3.75% | 3.75% | ||||||||||||
Interest, PIK | [12],[13],[15],[16] | 2.50% | 2.50% | 2.50% | 2.50% | ||||||||||||
Interest rate | [12],[13],[15],[16] | 11.62% | 11.62% | 11.62% | 11.62% | ||||||||||||
Par/principal amount | [12],[13],[15],[16],[18] | $ 36,116 | |||||||||||||||
Amortized cost | [4],[12],[13],[15],[16] | 35,453 | |||||||||||||||
Fair value | [2],[12],[13],[15],[16] | $ 35,908 | |||||||||||||||
Percent of net assets | [12],[13],[15],[16] | 3.32% | 3.32% | 3.32% | 3.32% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, LVF Holdings, Inc., Beverage & Food | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[15],[16],[17] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [12],[13],[14],[15],[16],[17] | 11.54% | 11.54% | 11.54% | 11.54% | ||||||||||||
Par/principal amount | [12],[13],[14],[15],[16],[17],[18] | $ 39,070 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16],[17] | 38,505 | |||||||||||||||
Fair value | [2],[12],[13],[14],[15],[16],[17] | $ 38,394 | |||||||||||||||
Percent of net assets | [12],[13],[14],[15],[16],[17] | 3.55% | 3.55% | 3.55% | 3.55% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Lifelong Learner Holdings, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[15],[16] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [12],[13],[14],[15],[16] | 11.27% | 11.27% | 11.27% | 11.27% | ||||||||||||
Par/principal amount | [12],[13],[14],[15],[16],[18] | $ 51,561 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16] | 51,055 | |||||||||||||||
Fair value | [2],[12],[13],[14],[15],[16] | $ 47,607 | |||||||||||||||
Percent of net assets | [12],[13],[14],[15],[16] | 4.40% | 4.40% | 4.40% | 4.40% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, LinQuest Corporation, Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [12],[14],[16],[17] | 11.22% | 11.22% | 11.22% | 11.22% | ||||||||||||
Par/principal amount | [12],[14],[16],[17],[18] | $ 9,800 | |||||||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 9,653 | |||||||||||||||
Fair value | [2],[12],[14],[16],[17] | $ 9,209 | |||||||||||||||
Percent of net assets | [12],[14],[16],[17] | 0.85% | 0.85% | 0.85% | 0.85% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Material Holdings, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.49% | 11.49% | 11.49% | 11.49% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 15,806 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 15,565 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 14,924 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 1.38% | 1.38% | 1.38% | 1.38% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Maverick Acquisition, Inc., Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[15],[16] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [12],[14],[15],[16] | 11.64% | 11.64% | 11.64% | 11.64% | ||||||||||||
Par/principal amount | [12],[14],[15],[16],[18] | $ 43,191 | |||||||||||||||
Amortized cost | [4],[12],[14],[15],[16] | 42,614 | |||||||||||||||
Fair value | [2],[12],[14],[15],[16] | $ 33,243 | |||||||||||||||
Percent of net assets | [12],[14],[15],[16] | 3.07% | 3.07% | 3.07% | 3.07% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Medical Manufacturing Technologies, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.05% | 11.05% | 11.05% | 11.05% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 15,148 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 14,917 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 15,028 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 1.39% | 1.39% | 1.39% | 1.39% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, NEFCO Holding Company LLC, Construction & Building | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[15],[16],[17] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [12],[13],[14],[15],[16],[17] | 11.86% | 11.86% | 11.86% | 11.86% | ||||||||||||
Par/principal amount | [12],[13],[14],[15],[16],[17],[18] | $ 12,754 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16],[17] | 12,511 | |||||||||||||||
Fair value | [2],[12],[13],[14],[15],[16],[17] | $ 12,749 | |||||||||||||||
Percent of net assets | [12],[13],[14],[15],[16],[17] | 1.18% | 1.18% | 1.18% | 1.18% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, North Haven Fairway Buyer, LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[15],[16] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [6],[12],[13],[14],[15],[16] | 11.88% | 11.88% | 11.88% | 11.88% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[15],[16],[18] | $ 15,342 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16] | 14,833 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16] | $ 14,833 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[15],[16] | 1.37% | 1.37% | 1.37% | 1.37% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, North Haven Stallone Buyer, LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[16] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [6],[12],[13],[16] | 11.47% | 11.47% | 11.47% | 11.47% | ||||||||||||
Par/principal amount | [6],[12],[13],[16],[18] | $ 112 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[16] | 109 | |||||||||||||||
Fair value | [2],[6],[12],[13],[16] | $ 111 | |||||||||||||||
Percent of net assets | [6],[12],[13],[16] | 0.01% | 0.01% | 0.01% | 0.01% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Oak Purchaser, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16] | 10.97% | 10.97% | 10.97% | 10.97% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[18] | $ 6,120 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 6,056 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16] | $ 5,899 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16] | 0.55% | 0.55% | 0.55% | 0.55% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Oranje Holdco, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[15],[16] | 7.75% | 7.75% | 7.75% | 7.75% | ||||||||||||
Interest rate | [12],[13],[15],[16] | 13.12% | 13.12% | 13.12% | 13.12% | ||||||||||||
Par/principal amount | [12],[13],[15],[16],[18] | $ 4,026 | |||||||||||||||
Amortized cost | [4],[12],[13],[15],[16] | 3,922 | |||||||||||||||
Fair value | [2],[12],[13],[15],[16] | $ 4,041 | |||||||||||||||
Percent of net assets | [12],[13],[15],[16] | 0.37% | 0.37% | 0.37% | 0.37% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, PF Atlantic Holdco 2, LLC, Leisure Products & Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.06% | 11.06% | 11.06% | 11.06% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 30,809 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 30,235 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 30,727 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 2.84% | 2.84% | 2.84% | 2.84% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, PF Growth Partners, LLC, Leisure Products & Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[15],[16],[17] | 5% | 5% | 5% | 5% | ||||||||||||
Interest rate | [12],[14],[15],[16],[17] | 10.48% | 10.48% | 10.48% | 10.48% | ||||||||||||
Par/principal amount | [12],[14],[15],[16],[17],[18] | $ 6,342 | |||||||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17] | 6,310 | |||||||||||||||
Fair value | [2],[12],[14],[15],[16],[17] | $ 6,301 | |||||||||||||||
Percent of net assets | [12],[14],[15],[16],[17] | 0.58% | 0.58% | 0.58% | 0.58% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, PXO Holdings I Corp., Chemicals, Plastics & Rubber | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16],[17] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16],[17] | 11.03% | 11.03% | 11.03% | 11.03% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[17],[18] | $ 8,470 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16],[17] | 8,320 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16],[17] | $ 8,231 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16],[17] | 0.76% | 0.76% | 0.76% | 0.76% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Performance Health Holdings, Inc., Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[16],[17] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [12],[14],[16],[17] | 11.57% | 11.57% | 11.57% | 11.57% | ||||||||||||
Par/principal amount | [12],[14],[16],[17],[18] | $ 6,444 | |||||||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 6,356 | |||||||||||||||
Fair value | [2],[12],[14],[16],[17] | $ 6,369 | |||||||||||||||
Percent of net assets | [12],[14],[16],[17] | 0.59% | 0.59% | 0.59% | 0.59% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Pestco Intermediate, LLC, Environmental Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.92% | 11.92% | 11.92% | 11.92% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 1,844 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 1,772 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 1,797 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 0.17% | 0.17% | 0.17% | 0.17% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Prophix Software Inc. (Canada), Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[10],[12],[13],[15],[16] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [6],[10],[12],[13],[15],[16] | 11.93% | 11.93% | 11.93% | 11.93% | ||||||||||||
Par/principal amount | [6],[10],[12],[13],[15],[16],[18] | $ 14,618 | |||||||||||||||
Amortized cost | [4],[6],[10],[12],[13],[15],[16] | 14,418 | |||||||||||||||
Fair value | [2],[6],[10],[12],[13],[15],[16] | $ 14,618 | |||||||||||||||
Percent of net assets | [6],[10],[12],[13],[15],[16] | 1.35% | 1.35% | 1.35% | 1.35% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Pushpay USA Inc., Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 12.27% | 12.27% | 12.27% | 12.27% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 8,025 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 7,775 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 7,922 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 0.73% | 0.73% | 0.73% | 0.73% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, QNNECT, LLC, Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16] | 7% | 7% | 7% | 7% | ||||||||||||
Interest rate | [12],[13],[14],[16] | 12.08% | 12.08% | 12.08% | 12.08% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[18] | $ 2,658 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 2,568 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16] | $ 2,696 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16] | 0.25% | 0.25% | 0.25% | 0.25% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Quantic Electronics, LLC, Aerospace & Defense 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[16],[17] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [12],[14],[16],[17] | 11.74% | 11.74% | 11.74% | 11.74% | ||||||||||||
Par/principal amount | [12],[14],[16],[17],[18] | $ 15,748 | |||||||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 15,550 | |||||||||||||||
Fair value | [2],[12],[14],[16],[17] | $ 15,335 | |||||||||||||||
Percent of net assets | [12],[14],[16],[17] | 1.42% | 1.42% | 1.42% | 1.42% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Quantic Electronics, LLC, Aerospace & Defense 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[16],[17] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [12],[14],[16],[17] | 11.74% | 11.74% | 11.74% | 11.74% | ||||||||||||
Par/principal amount | [12],[14],[16],[17],[18] | $ 9,750 | |||||||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 9,626 | |||||||||||||||
Fair value | [2],[12],[14],[16],[17] | $ 9,494 | |||||||||||||||
Percent of net assets | [12],[14],[16],[17] | 0.88% | 0.88% | 0.88% | 0.88% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, RSC Acquisition, Inc., Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[15],[16],[17] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [12],[13],[14],[15],[16],[17] | 11.03% | 11.03% | 11.03% | 11.03% | ||||||||||||
Par/principal amount | [12],[13],[14],[15],[16],[17],[18] | $ 33,295 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16],[17] | 32,950 | |||||||||||||||
Fair value | [2],[12],[13],[14],[15],[16],[17] | $ 33,032 | |||||||||||||||
Percent of net assets | [12],[13],[14],[15],[16],[17] | 3.05% | 3.05% | 3.05% | 3.05% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Radwell Parent, LLC, Wholesale | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [12],[13],[14],[16] | 12.14% | 12.14% | 12.14% | 12.14% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[18] | $ 4,686 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 4,552 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16] | $ 4,702 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16] | 0.43% | 0.43% | 0.43% | 0.43% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Regency Entertainment, Inc., Media: Advertising, Printing & Publishing | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[16],[17] | 8.50% | 8.50% | 8.50% | 8.50% | ||||||||||||
Interest rate | [12],[15],[16],[17] | 13.74% | 13.74% | 13.74% | 13.74% | ||||||||||||
Par/principal amount | [12],[15],[16],[17],[18] | $ 10,000 | |||||||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 9,759 | |||||||||||||||
Fair value | [2],[12],[15],[16],[17] | $ 9,914 | |||||||||||||||
Percent of net assets | [12],[15],[16],[17] | 0.92% | 0.92% | 0.92% | 0.92% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, SCP Eye Care HoldCo, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [6],[12],[13],[16],[17] | 11.18% | 11.18% | 11.18% | 11.18% | ||||||||||||
Par/principal amount | [6],[12],[13],[16],[17],[18] | $ 148 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[16],[17] | 143 | |||||||||||||||
Fair value | [2],[6],[12],[13],[16],[17] | $ 146 | |||||||||||||||
Percent of net assets | [6],[12],[13],[16],[17] | 0.01% | 0.01% | 0.01% | 0.01% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, SPay, Inc., Leisure Products & Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[15],[16],[17] | 2.88% | 2.88% | 2.88% | 2.88% | ||||||||||||
Interest, PIK | [6],[12],[15],[16],[17] | 6.38% | 6.38% | 6.38% | 6.38% | ||||||||||||
Interest rate | [6],[12],[15],[16],[17] | 14.96% | 14.96% | 14.96% | 14.96% | ||||||||||||
Par/principal amount | [6],[12],[15],[16],[17],[18] | $ 26,059 | |||||||||||||||
Amortized cost | [4],[6],[12],[15],[16],[17] | 25,981 | |||||||||||||||
Fair value | [2],[6],[12],[15],[16],[17] | $ 22,931 | |||||||||||||||
Percent of net assets | [6],[12],[15],[16],[17] | 2.12% | 2.12% | 2.12% | 2.12% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Sapphire Convention, Inc., Telecommunications | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[16] | 5.25% | 5.25% | 5.25% | 5.25% | ||||||||||||
Interest rate | [6],[12],[13],[14],[16] | 10.97% | 10.97% | 10.97% | 10.97% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[16],[18] | $ 27,834 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[16] | 27,632 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[16] | $ 27,736 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[16] | 2.56% | 2.56% | 2.56% | 2.56% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Smarsh Inc., Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16] | 11.84% | 11.84% | 11.84% | 11.84% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[18] | $ 3,673 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 3,603 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16] | $ 3,633 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16] | 0.34% | 0.34% | 0.34% | 0.34% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Speedstar Holding, LLC, Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[15],[16],[17] | 7.25% | 7.25% | 7.25% | 7.25% | ||||||||||||
Interest rate | [12],[14],[15],[16],[17] | 12.82% | 12.82% | 12.82% | 12.82% | ||||||||||||
Par/principal amount | [12],[14],[15],[16],[17],[18] | $ 26,488 | |||||||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17] | 26,160 | |||||||||||||||
Fair value | [2],[12],[14],[15],[16],[17] | $ 26,710 | |||||||||||||||
Percent of net assets | [12],[14],[15],[16],[17] | 2.47% | 2.47% | 2.47% | 2.47% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Spotless Brands, LLC, Consumer Services 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[15],[16],[17] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [12],[13],[14],[15],[16],[17] | 11.99% | 11.99% | 11.99% | 11.99% | ||||||||||||
Par/principal amount | [12],[13],[14],[15],[16],[17],[18] | $ 13,686 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16],[17] | 13,438 | |||||||||||||||
Fair value | [2],[12],[13],[14],[15],[16],[17] | $ 13,644 | |||||||||||||||
Percent of net assets | [12],[13],[14],[15],[16],[17] | 1.26% | 1.26% | 1.26% | 1.26% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Spotless Brands, LLC, Consumer Services 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[16],[17] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [6],[12],[13],[16],[17] | 12.15% | 12.15% | 12.15% | 12.15% | ||||||||||||
Par/principal amount | [6],[12],[13],[16],[17],[18] | $ 0 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[16],[17] | (534) | |||||||||||||||
Fair value | [2],[6],[12],[13],[16],[17] | $ 123 | |||||||||||||||
Percent of net assets | [6],[12],[13],[16],[17] | 0.01% | 0.01% | 0.01% | 0.01% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Summit Acquisition, Inc., Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [12],[13],[14],[16] | 12.14% | 12.14% | 12.14% | 12.14% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[18] | $ 2,978 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 2,862 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16] | $ 2,940 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16] | 0.27% | 0.27% | 0.27% | 0.27% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, TCFI Aevex LLC, Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[15],[16],[17] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [12],[14],[15],[16],[17] | 11.42% | 11.42% | 11.42% | 11.42% | ||||||||||||
Par/principal amount | [12],[14],[15],[16],[17],[18] | $ 28,339 | |||||||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17] | 28,070 | |||||||||||||||
Fair value | [2],[12],[14],[15],[16],[17] | $ 28,180 | |||||||||||||||
Percent of net assets | [12],[14],[15],[16],[17] | 2.61% | 2.61% | 2.61% | 2.61% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Tank Holding Corp., Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16],[17] | 11.17% | 11.17% | 11.17% | 11.17% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[17],[18] | $ 16,883 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16],[17] | 16,611 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16],[17] | $ 16,373 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16],[17] | 1.51% | 1.51% | 1.51% | 1.51% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, The Carlstar Group LLC, Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.92% | 11.92% | 11.92% | 11.92% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 11,237 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 10,985 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 11,318 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 1.05% | 1.05% | 1.05% | 1.05% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Trader Corporation (Canada), Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [10],[12],[13],[14],[15],[16] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [10],[12],[13],[14],[15],[16] | 12.13% | 12.13% | 12.13% | 12.13% | ||||||||||||
Par/principal amount | [10],[12],[13],[14],[15],[16],[18] | $ 1,202 | |||||||||||||||
Amortized cost | [4],[10],[12],[13],[14],[15],[16] | $ 862 | |||||||||||||||
Fair value | [2],[10],[12],[13],[14],[15],[16] | $ 894 | |||||||||||||||
Percent of net assets | [10],[12],[13],[14],[15],[16] | 0.08% | 0.08% | 0.08% | 0.08% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Tufin Software North America, Inc., Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[15],[16],[17] | 7.69% | 7.69% | 7.69% | 7.69% | ||||||||||||
Interest rate | [6],[12],[13],[14],[15],[16],[17] | 13.23% | 13.23% | 13.23% | 13.23% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[15],[16],[17],[18] | $ 27,610 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16],[17] | 27,125 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16],[17] | $ 26,994 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[15],[16],[17] | 2.50% | 2.50% | 2.50% | 2.50% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Turbo Buyer, Inc., Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[15],[16] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [12],[13],[14],[15],[16] | 11.42% | 11.42% | 11.42% | 11.42% | ||||||||||||
Par/principal amount | [12],[13],[14],[15],[16],[18] | $ 41,674 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16] | 41,220 | |||||||||||||||
Fair value | [2],[12],[13],[14],[15],[16] | $ 41,144 | |||||||||||||||
Percent of net assets | [12],[13],[14],[15],[16] | 3.80% | 3.80% | 3.80% | 3.80% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, U.S. Legal Support, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[15],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [6],[12],[13],[15],[16],[17] | 11.29% | 11.29% | 11.29% | 11.29% | ||||||||||||
Par/principal amount | [6],[12],[13],[15],[16],[17],[18] | $ 21,626 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16],[17] | 21,527 | |||||||||||||||
Fair value | [2],[6],[12],[13],[15],[16],[17] | $ 21,343 | |||||||||||||||
Percent of net assets | [6],[12],[13],[15],[16],[17] | 1.97% | 1.97% | 1.97% | 1.97% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, US INFRA SVCS Buyer, LLC, Environmental Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[15],[16] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest, PIK | [12],[14],[15],[16] | 0.25% | 0.25% | 0.25% | 0.25% | ||||||||||||
Interest rate | [12],[14],[15],[16] | 12.20% | 12.20% | 12.20% | 12.20% | ||||||||||||
Par/principal amount | [12],[14],[15],[16],[18] | $ 52,774 | |||||||||||||||
Amortized cost | [4],[12],[14],[15],[16] | 52,268 | |||||||||||||||
Fair value | [2],[12],[14],[15],[16] | $ 48,879 | |||||||||||||||
Percent of net assets | [12],[14],[15],[16] | 4.52% | 4.52% | 4.52% | 4.52% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, USALCO, LLC, Chemicals, Plastics & Rubber | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[16],[17] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [12],[14],[16],[17] | 11.43% | 11.43% | 11.43% | 11.43% | ||||||||||||
Par/principal amount | [12],[14],[16],[17],[18] | $ 983 | |||||||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 968 | |||||||||||||||
Fair value | [2],[12],[14],[16],[17] | $ 983 | |||||||||||||||
Percent of net assets | [12],[14],[16],[17] | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, USR Parent Inc., Retail | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[16],[21] | 7.60% | 7.60% | 7.60% | 7.60% | ||||||||||||
Interest rate | [12],[15],[16],[21] | 12.93% | 12.93% | 12.93% | 12.93% | ||||||||||||
Par/principal amount | [12],[15],[16],[18],[21] | $ 3,889 | |||||||||||||||
Amortized cost | [4],[12],[15],[16],[21] | 3,859 | |||||||||||||||
Fair value | [2],[12],[15],[16],[21] | $ 3,838 | |||||||||||||||
Percent of net assets | [12],[15],[16],[21] | 0.35% | 0.35% | 0.35% | 0.35% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Westfall Technik, Inc., Chemicals, Plastics & Rubber 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[14],[15],[16],[17] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [6],[12],[14],[15],[16],[17] | 12.29% | 12.29% | 12.29% | 12.29% | ||||||||||||
Par/principal amount | [6],[12],[14],[15],[16],[17],[18] | $ 32,647 | |||||||||||||||
Amortized cost | [4],[6],[12],[14],[15],[16],[17] | 32,512 | |||||||||||||||
Fair value | [2],[6],[12],[14],[15],[16],[17] | $ 29,996 | |||||||||||||||
Percent of net assets | [6],[12],[14],[15],[16],[17] | 2.77% | 2.77% | 2.77% | 2.77% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Westfall Technik, Inc., Chemicals, Plastics & Rubber 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[16],[17] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [6],[12],[16],[17] | 12.29% | 12.29% | 12.29% | 12.29% | ||||||||||||
Par/principal amount | [6],[12],[16],[17],[18] | $ 1,087 | |||||||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 1,027 | |||||||||||||||
Fair value | [2],[6],[12],[16],[17] | $ 1,022 | |||||||||||||||
Percent of net assets | [6],[12],[16],[17] | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Wineshipping.com LLC, Beverage & Food | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[13],[14],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [12],[13],[14],[16],[17] | 11.31% | 11.31% | 11.31% | 11.31% | ||||||||||||
Par/principal amount | [12],[13],[14],[16],[17],[18] | $ 15,543 | |||||||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 15,287 | |||||||||||||||
Fair value | [2],[12],[13],[14],[16],[17] | $ 14,616 | |||||||||||||||
Percent of net assets | [12],[13],[14],[16],[17] | 1.35% | 1.35% | 1.35% | 1.35% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, YLG Holdings, Inc., Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[16],[17] | 5% | 5% | 5% | 5% | ||||||||||||
Interest rate | [12],[15],[16],[17] | 10.32% | 10.32% | 10.32% | 10.32% | ||||||||||||
Par/principal amount | [12],[15],[16],[17],[18] | $ 9,727 | |||||||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 9,567 | |||||||||||||||
Fair value | [2],[12],[15],[16],[17] | $ 9,727 | |||||||||||||||
Percent of net assets | [12],[15],[16],[17] | 0.90% | 0.90% | 0.90% | 0.90% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, Yellowstone Buyer Acquisition, LLC, Consumer Goods: Durable | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[16],[17] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [6],[12],[16],[17] | 11.20% | 11.20% | 11.20% | 11.20% | ||||||||||||
Par/principal amount | [6],[12],[16],[17],[18] | $ 441 | |||||||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 435 | |||||||||||||||
Fair value | [2],[6],[12],[16],[17] | $ 424 | |||||||||||||||
Percent of net assets | [6],[12],[16],[17] | 0.04% | 0.04% | 0.04% | 0.04% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, iCIMS, Inc., Software 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[15],[16] | 7.25% | 7.25% | 7.25% | 7.25% | ||||||||||||
Interest rate | [6],[12],[13],[14],[15],[16] | 12.63% | 12.63% | 12.63% | 12.63% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[15],[16],[18] | $ 26,494 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16] | 26,124 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16] | $ 26,419 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[15],[16] | 2.44% | 2.44% | 2.44% | 2.44% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, iCIMS, Inc., Software 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[13],[14],[15],[16] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [6],[12],[13],[14],[15],[16] | 12.65% | 12.65% | 12.65% | 12.65% | ||||||||||||
Par/principal amount | [6],[12],[13],[14],[15],[16],[18] | $ 409 | |||||||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16] | 374 | |||||||||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16] | $ 403 | |||||||||||||||
Percent of net assets | [6],[12],[13],[14],[15],[16] | 0.04% | 0.04% | 0.04% | 0.04% | ||||||||||||
Investment, Identifier [Axis]: First Lien Debt, iRobot Corporation, Consumer Goods: Durable | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [6],[12],[16],[17] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest, PIK | [6],[12],[16],[17] | 2.50% | 2.50% | 2.50% | 2.50% | ||||||||||||
Interest rate | [6],[12],[16],[17] | 14.48% | 14.48% | 14.48% | 14.48% | ||||||||||||
Par/principal amount | [6],[12],[16],[17],[18] | $ 4,908 | |||||||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 4,908 | |||||||||||||||
Fair value | [2],[6],[12],[16],[17] | $ 5,252 | |||||||||||||||
Percent of net assets | [6],[12],[16],[17] | 0.49% | 0.49% | 0.49% | 0.49% | ||||||||||||
Investment, Identifier [Axis]: First Lien, ADPD Holdings, LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[26],[27] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[26],[27] | 10.37% | 10.37% | 10.37% | 10.37% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[26],[27],[28] | $ 19,826 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[26],[27] | 19,300 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[26],[27] | $ 19,141 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[26],[27] | 1.66% | 1.66% | 1.66% | 1.66% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Advanced Web Technologies Holding Company, Containers, Packaging & Glass | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [8],[22],[23],[25],[27] | 10.67% | 10.67% | 10.67% | 10.67% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[27],[28] | $ 17,099 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[27] | 16,818 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[27] | $ 16,899 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[27] | 1.47% | 1.47% | 1.47% | 1.47% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Airnov, Inc., Containers, Packaging & Glass | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 5% | 5% | 5% | 5% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 9.75% | 9.75% | 9.75% | 9.75% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 25,253 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 25,031 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 25,094 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 2.18% | 2.18% | 2.18% | 2.18% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Allied Universal Holdco LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[25],[26],[27] | 3.75% | 3.75% | 3.75% | 3.75% | ||||||||||||
Interest rate | [8],[25],[26],[27] | 8.17% | 8.17% | 8.17% | 8.17% | ||||||||||||
Par/principal amount | [8],[25],[26],[27],[28] | $ 493 | |||||||||||||||
Amortized cost | [5],[8],[25],[26],[27] | 494 | |||||||||||||||
Fair value | [3],[8],[25],[26],[27] | $ 467 | |||||||||||||||
Percent of net assets | [8],[25],[26],[27] | 0.04% | 0.04% | 0.04% | 0.04% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Alpine Acquisition Corp II, Transportation: Cargo | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[26],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [8],[22],[23],[25],[26],[27] | 9.76% | 9.76% | 9.76% | 9.76% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[26],[27],[28] | $ 20,889 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[26],[27] | 20,467 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[26],[27] | $ 19,988 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[26],[27] | 1.74% | 1.74% | 1.74% | 1.74% | ||||||||||||
Investment, Identifier [Axis]: First Lien, American Physician Partners, LLC, Healthcare & Pharmaceuticals 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[24],[25],[26],[27] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest, PIK | [23],[24],[25],[26],[27] | 3.50% | 3.50% | 3.50% | 3.50% | ||||||||||||
Interest rate | [23],[24],[25],[26],[27] | 14.67% | 14.67% | 14.67% | 14.67% | ||||||||||||
Par/principal amount | [23],[24],[25],[26],[27],[28] | $ 41,107 | |||||||||||||||
Amortized cost | [5],[23],[24],[25],[26],[27] | 41,107 | |||||||||||||||
Fair value | [3],[23],[24],[25],[26],[27] | $ 35,486 | |||||||||||||||
Percent of net assets | [23],[24],[25],[26],[27] | 3.08% | 3.08% | 3.08% | 3.08% | ||||||||||||
Investment, Identifier [Axis]: First Lien, American Physician Partners, LLC, Healthcare & Pharmaceuticals 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[25],[26],[27] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest, PIK | [8],[22],[25],[26],[27] | 3.50% | 3.50% | 3.50% | 3.50% | ||||||||||||
Interest rate | [8],[22],[25],[26],[27] | 14.67% | 14.67% | 14.67% | 14.67% | ||||||||||||
Par/principal amount | [8],[22],[25],[26],[27],[28] | $ 838 | |||||||||||||||
Amortized cost | [5],[8],[22],[25],[26],[27] | 801 | |||||||||||||||
Fair value | [3],[8],[22],[25],[26],[27] | $ 788 | |||||||||||||||
Percent of net assets | [8],[22],[25],[26],[27] | 0.07% | 0.07% | 0.07% | 0.07% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Analogic Corporation, Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[27] | 5.25% | 5.25% | 5.25% | 5.25% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[27] | 9.67% | 9.67% | 9.67% | 9.67% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[27],[28] | $ 27,226 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[27] | 27,083 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[27] | $ 26,552 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[27] | 2.31% | 2.31% | 2.31% | 2.31% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Applied Technical Services, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [8],[22],[25],[27] | 10.52% | 10.52% | 10.52% | 10.52% | ||||||||||||
Par/principal amount | [8],[22],[25],[27],[28] | $ 533 | |||||||||||||||
Amortized cost | [5],[8],[22],[25],[27] | 524 | |||||||||||||||
Fair value | [3],[8],[22],[25],[27] | $ 531 | |||||||||||||||
Percent of net assets | [8],[22],[25],[27] | 0.06% | 0.06% | 0.06% | 0.06% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Appriss Health, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[27] | 7.25% | 7.25% | 7.25% | 7.25% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[27] | 11.54% | 11.54% | 11.54% | 11.54% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[27],[28] | $ 44,333 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[27] | 43,605 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[27] | $ 42,519 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[27] | 3.69% | 3.69% | 3.69% | 3.69% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Apptio, Inc., Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[27] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[27] | 9.94% | 9.94% | 9.94% | 9.94% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[27],[28] | $ 36,961 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[27] | 36,660 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[27] | $ 36,961 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[27] | 3.21% | 3.21% | 3.21% | 3.21% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Ascend Buyer, LLC, Containers, Packaging & Glass | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[26],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [22],[24],[25],[26],[27] | 10.67% | 10.67% | 10.67% | 10.67% | ||||||||||||
Par/principal amount | [22],[24],[25],[26],[27],[28] | $ 12,497 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[26],[27] | 12,264 | |||||||||||||||
Fair value | [3],[22],[24],[25],[26],[27] | $ 12,255 | |||||||||||||||
Percent of net assets | [22],[24],[25],[26],[27] | 1.06% | 1.06% | 1.06% | 1.06% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Associations, Inc., Construction & Building | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[24],[25],[27] | 4% | 4% | 4% | 4% | ||||||||||||
Interest, PIK | [8],[22],[24],[25],[27] | 2.50% | 2.50% | 2.50% | 2.50% | ||||||||||||
Interest rate | [8],[22],[24],[25],[27] | 11.04% | 11.04% | 11.04% | 11.04% | ||||||||||||
Par/principal amount | [8],[22],[24],[25],[27],[28] | $ 12,851 | |||||||||||||||
Amortized cost | [5],[8],[22],[24],[25],[27] | 12,751 | |||||||||||||||
Fair value | [3],[8],[22],[24],[25],[27] | $ 12,448 | |||||||||||||||
Percent of net assets | [8],[22],[24],[25],[27] | 1.08% | 1.08% | 1.08% | 1.08% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Atlas AU Bidco Pty Ltd (Australia), High Tech Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[11],[22],[25],[27] | 7.25% | 7.25% | 7.25% | 7.25% | ||||||||||||
Interest rate | [8],[11],[22],[25],[27] | 11.48% | 11.48% | 11.48% | 11.48% | ||||||||||||
Par/principal amount | [8],[11],[22],[25],[27],[28] | $ 1,445 | |||||||||||||||
Amortized cost | [5],[8],[11],[22],[25],[27] | 1,398 | |||||||||||||||
Fair value | [3],[8],[11],[22],[25],[27] | $ 1,398 | |||||||||||||||
Percent of net assets | [8],[11],[22],[25],[27] | 0.12% | 0.12% | 0.12% | 0.12% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Aurora Lux FinCo S.Á.R.L. (Luxembourg), Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [11],[23],[24],[25],[27] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [11],[23],[24],[25],[27] | 10.32% | 10.32% | 10.32% | 10.32% | ||||||||||||
Par/principal amount | [11],[23],[24],[25],[27],[28] | $ 36,469 | |||||||||||||||
Amortized cost | [5],[11],[23],[24],[25],[27] | 35,892 | |||||||||||||||
Fair value | [3],[11],[23],[24],[25],[27] | $ 34,463 | |||||||||||||||
Percent of net assets | [11],[23],[24],[25],[27] | 2.99% | 2.99% | 2.99% | 2.99% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Avalara, Inc., Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[23],[24],[25],[27] | 7.25% | 7.25% | 7.25% | 7.25% | ||||||||||||
Interest rate | [22],[23],[24],[25],[27] | 11.83% | 11.83% | 11.83% | 11.83% | ||||||||||||
Par/principal amount | [22],[23],[24],[25],[27],[28] | $ 13,500 | |||||||||||||||
Amortized cost | [5],[22],[23],[24],[25],[27] | 13,139 | |||||||||||||||
Fair value | [3],[22],[23],[24],[25],[27] | $ 13,051 | |||||||||||||||
Percent of net assets | [22],[23],[24],[25],[27] | 1.13% | 1.13% | 1.13% | 1.13% | ||||||||||||
Investment, Identifier [Axis]: First Lien, BMS Holdings III Corp., Construction & Building | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[24],[25],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [23],[24],[25],[27] | 10.23% | 10.23% | 10.23% | 10.23% | ||||||||||||
Par/principal amount | [23],[24],[25],[27],[28] | $ 29,057 | |||||||||||||||
Amortized cost | [5],[23],[24],[25],[27] | 28,625 | |||||||||||||||
Fair value | [3],[23],[24],[25],[27] | $ 28,534 | |||||||||||||||
Percent of net assets | [23],[24],[25],[27] | 2.48% | 2.48% | 2.48% | 2.48% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Barnes & Noble, Inc., Retail | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[24],[25],[26],[27],[29] | 8.31% | 8.31% | 8.31% | 8.31% | ||||||||||||
Interest rate | [23],[24],[25],[26],[27],[29] | 12.73% | 12.73% | 12.73% | 12.73% | ||||||||||||
Par/principal amount | [23],[24],[25],[26],[27],[28],[29] | $ 27,848 | |||||||||||||||
Amortized cost | [5],[23],[24],[25],[26],[27],[29] | 27,105 | |||||||||||||||
Fair value | [3],[23],[24],[25],[26],[27],[29] | $ 26,771 | |||||||||||||||
Percent of net assets | [23],[24],[25],[26],[27],[29] | 2.32% | 2.32% | 2.32% | 2.32% | ||||||||||||
Investment, Identifier [Axis]: First Lien, BlueCat Networks, Inc. (Canada), High Tech Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[11],[22],[23],[25],[27] | 4% | 4% | 4% | 4% | ||||||||||||
Interest, PIK | [8],[11],[22],[23],[25],[27] | 2% | 2% | 2% | 2% | ||||||||||||
Interest rate | [8],[11],[22],[23],[25],[27] | 10.46% | 10.46% | 10.46% | 10.46% | ||||||||||||
Par/principal amount | [8],[11],[22],[23],[25],[27],[28] | $ 12,794 | |||||||||||||||
Amortized cost | [5],[8],[11],[22],[23],[25],[27] | 12,503 | |||||||||||||||
Fair value | [3],[8],[11],[22],[23],[25],[27] | $ 12,367 | |||||||||||||||
Percent of net assets | [8],[11],[22],[23],[25],[27] | 1.08% | 1.08% | 1.08% | 1.08% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Bradyifs Holdings, LLC, Wholesale | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[26],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [22],[24],[25],[26],[27] | 10.83% | 10.83% | 10.83% | 10.83% | ||||||||||||
Par/principal amount | [22],[24],[25],[26],[27],[28] | $ 19,437 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[26],[27] | 19,190 | |||||||||||||||
Fair value | [3],[22],[24],[25],[26],[27] | $ 19,215 | |||||||||||||||
Percent of net assets | [22],[24],[25],[26],[27] | 1.67% | 1.67% | 1.67% | 1.67% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Bubbles Bidco S.P.A. (Italy), Consumer Goods: Non-Durable 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[11],[22],[27] | 9.25% | 9.25% | 9.25% | 9.25% | ||||||||||||
Interest, PIK | [8],[11],[22],[27] | 100% | 100% | 100% | 100% | ||||||||||||
Interest rate | [8],[11],[22],[27] | 11.38% | 11.38% | 11.38% | 11.38% | ||||||||||||
Par/principal amount | € | [8],[11],[22],[27],[28] | € 5,189 | |||||||||||||||
Amortized cost | [5],[8],[11],[22],[27] | $ 5,815 | |||||||||||||||
Fair value | [3],[8],[11],[22],[27] | $ 5,505 | |||||||||||||||
Percent of net assets | [8],[11],[22],[27] | 0.48% | 0.48% | 0.48% | 0.48% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Bubbles Bidco S.P.A. (Italy), Consumer Goods: Non-Durable 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[11],[22],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [8],[11],[22],[27] | 8.38% | 8.38% | 8.38% | 8.38% | ||||||||||||
Par/principal amount | € | [8],[11],[22],[27],[28] | € 0 | |||||||||||||||
Amortized cost | [5],[8],[11],[22],[27] | $ 0 | |||||||||||||||
Fair value | [3],[8],[11],[22],[27] | $ (40) | |||||||||||||||
Percent of net assets | [8],[11],[22],[27] | 0% | 0% | 0% | 0% | ||||||||||||
Investment, Identifier [Axis]: First Lien, CPI Intermediate Holdings, Inc., Telecommunications | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 9.68% | 9.68% | 9.68% | 9.68% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 3,872 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 3,790 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 3,776 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 0.33% | 0.33% | 0.33% | 0.33% | ||||||||||||
Investment, Identifier [Axis]: First Lien, CST Holding Company, Consumer Goods: Non-Durable | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[26],[27] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [22],[24],[25],[26],[27] | 10.97% | 10.97% | 10.97% | 10.97% | ||||||||||||
Par/principal amount | [22],[24],[25],[26],[27],[28] | $ 2,516 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[26],[27] | 2,436 | |||||||||||||||
Fair value | [3],[22],[24],[25],[26],[27] | $ 2,434 | |||||||||||||||
Percent of net assets | [22],[24],[25],[26],[27] | 0.21% | 0.21% | 0.21% | 0.21% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Celerion Buyer, Inc., Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 10.64% | 10.64% | 10.64% | 10.64% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 1,576 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 1,528 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 1,527 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 0.13% | 0.13% | 0.13% | 0.13% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Chartis Holding, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[27] | 5% | 5% | 5% | 5% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[27] | 9.77% | 9.77% | 9.77% | 9.77% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[27],[28] | $ 38,764 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[27] | 38,396 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[27] | $ 38,488 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[27] | 3.34% | 3.34% | 3.34% | 3.34% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Chemical Computing Group ULC (Canada), Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[11],[22],[23],[25],[26],[27] | 4.50% | 4.50% | 4.50% | 4.50% | ||||||||||||
Interest rate | [8],[11],[22],[23],[25],[26],[27] | 8.57% | 8.57% | 8.57% | 8.57% | ||||||||||||
Par/principal amount | [8],[11],[22],[23],[25],[26],[27],[28] | $ 14,231 | |||||||||||||||
Amortized cost | [5],[8],[11],[22],[23],[25],[26],[27] | 14,195 | |||||||||||||||
Fair value | [3],[8],[11],[22],[23],[25],[26],[27] | $ 14,019 | |||||||||||||||
Percent of net assets | [8],[11],[22],[23],[25],[26],[27] | 1.22% | 1.22% | 1.22% | 1.22% | ||||||||||||
Investment, Identifier [Axis]: First Lien, CircusTrix Holdings, LLC, Leisure Products & Services 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[23],[25],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [8],[23],[25],[27] | 9.88% | 9.88% | 9.88% | 9.88% | ||||||||||||
Par/principal amount | [8],[23],[25],[27],[28] | $ 10,555 | |||||||||||||||
Amortized cost | [5],[8],[23],[25],[27] | 10,531 | |||||||||||||||
Fair value | [3],[8],[23],[25],[27] | $ 10,476 | |||||||||||||||
Percent of net assets | [8],[23],[25],[27] | 0.91% | 0.91% | 0.91% | 0.91% | ||||||||||||
Investment, Identifier [Axis]: First Lien, CircusTrix Holdings, LLC, Leisure Products & Services 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[25],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [8],[25],[27] | 9.88% | 9.88% | 9.88% | 9.88% | ||||||||||||
Par/principal amount | [8],[25],[27],[28] | $ 557 | |||||||||||||||
Amortized cost | [5],[8],[25],[27] | 500 | |||||||||||||||
Fair value | [3],[8],[25],[27] | $ 557 | |||||||||||||||
Percent of net assets | [8],[25],[27] | 0.05% | 0.05% | 0.05% | 0.05% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Comar Holding Company, LLC, Containers, Packaging & Glass | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[23],[24],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [22],[23],[24],[25],[27] | 10.47% | 10.47% | 10.47% | 10.47% | ||||||||||||
Par/principal amount | [22],[23],[24],[25],[27],[28] | $ 42,400 | |||||||||||||||
Amortized cost | [5],[22],[23],[24],[25],[27] | 42,137 | |||||||||||||||
Fair value | [3],[22],[23],[24],[25],[27] | $ 40,944 | |||||||||||||||
Percent of net assets | [22],[23],[24],[25],[27] | 3.56% | 3.56% | 3.56% | 3.56% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Cority Software Inc. (Canada), Software 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[11],[22],[23],[24],[25],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [8],[11],[22],[23],[24],[25],[27] | 9.17% | 9.17% | 9.17% | 9.17% | ||||||||||||
Par/principal amount | [8],[11],[22],[23],[24],[25],[27],[28] | $ 55,639 | |||||||||||||||
Amortized cost | [5],[8],[11],[22],[23],[24],[25],[27] | 54,975 | |||||||||||||||
Fair value | [3],[8],[11],[22],[23],[24],[25],[27] | $ 55,065 | |||||||||||||||
Percent of net assets | [8],[11],[22],[23],[24],[25],[27] | 4.78% | 4.78% | 4.78% | 4.78% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Cority Software Inc. (Canada), Software 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [11],[24],[25],[27] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [11],[24],[25],[27] | 11.06% | 11.06% | 11.06% | 11.06% | ||||||||||||
Par/principal amount | [11],[24],[25],[27],[28] | $ 1,860 | |||||||||||||||
Amortized cost | [5],[11],[24],[25],[27] | 1,823 | |||||||||||||||
Fair value | [3],[11],[24],[25],[27] | $ 1,848 | |||||||||||||||
Percent of net assets | [11],[24],[25],[27] | 0.16% | 0.16% | 0.16% | 0.16% | ||||||||||||
Investment, Identifier [Axis]: First Lien, DCA Investment Holding LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[23],[25],[27] | 6.41% | 6.41% | 6.41% | 6.41% | ||||||||||||
Interest rate | [22],[23],[25],[27] | 10.46% | 10.46% | 10.46% | 10.46% | ||||||||||||
Par/principal amount | [22],[23],[25],[27],[28] | $ 12,104 | |||||||||||||||
Amortized cost | [5],[22],[23],[25],[27] | 11,966 | |||||||||||||||
Fair value | [3],[22],[23],[25],[27] | $ 11,458 | |||||||||||||||
Percent of net assets | [22],[23],[25],[27] | 1% | 1% | 1% | 1% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Denali Midco 2, LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[26],[27] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [22],[24],[25],[26],[27] | 10.92% | 10.92% | 10.92% | 10.92% | ||||||||||||
Par/principal amount | [22],[24],[25],[26],[27],[28] | $ 7,696 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[26],[27] | 7,411 | |||||||||||||||
Fair value | [3],[22],[24],[25],[26],[27] | $ 7,317 | |||||||||||||||
Percent of net assets | [22],[24],[25],[26],[27] | 0.64% | 0.64% | 0.64% | 0.64% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Dermatology Associates, Healthcare & Pharmaceuticals 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[25],[26],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest, PIK | [8],[25],[26],[27] | 100% | 100% | 100% | 100% | ||||||||||||
Interest rate | [8],[25],[26],[27] | 10.80% | 10.80% | 10.80% | 10.80% | ||||||||||||
Par/principal amount | [8],[25],[26],[27],[28] | $ 9,126 | |||||||||||||||
Amortized cost | [5],[8],[25],[26],[27] | 9,126 | |||||||||||||||
Fair value | [3],[8],[25],[26],[27] | $ 9,117 | |||||||||||||||
Percent of net assets | [8],[25],[26],[27] | 0.79% | 0.79% | 0.79% | 0.79% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Dermatology Associates, Healthcare & Pharmaceuticals 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[25],[27],[29],[30] | 11.40% | 11.40% | 11.40% | 11.40% | ||||||||||||
Interest, PIK | [8],[25],[27],[29],[30] | 100% | 100% | 100% | 100% | ||||||||||||
Interest rate | [8],[25],[27],[29],[30] | 12.77% | 12.77% | 12.77% | 12.77% | ||||||||||||
Par/principal amount | [8],[25],[27],[28],[29],[30] | $ 10,096 | |||||||||||||||
Amortized cost | [5],[8],[25],[27],[29],[30] | 6,106 | |||||||||||||||
Fair value | [3],[8],[25],[27],[29],[30] | $ 7,176 | |||||||||||||||
Percent of net assets | [8],[25],[27],[29],[30] | 0.62% | 0.62% | 0.62% | 0.62% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Diligent Corporation, Telecommunications | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[25],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [8],[22],[25],[27] | 10.63% | 10.63% | 10.63% | 10.63% | ||||||||||||
Par/principal amount | [8],[22],[25],[27],[28] | $ 659 | |||||||||||||||
Amortized cost | [5],[8],[22],[25],[27] | 647 | |||||||||||||||
Fair value | [3],[8],[22],[25],[27] | $ 630 | |||||||||||||||
Percent of net assets | [8],[22],[25],[27] | 0.05% | 0.05% | 0.05% | 0.05% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Dwyer Instruments, Inc., Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 10.74% | 10.74% | 10.74% | 10.74% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 13,765 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 13,535 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 13,536 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 1.19% | 1.19% | 1.19% | 1.19% | ||||||||||||
Investment, Identifier [Axis]: First Lien, EPS Nass Parent, Inc., Utilities: Electric | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 10.48% | 10.48% | 10.48% | 10.48% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 922 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 906 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 877 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 0.08% | 0.08% | 0.08% | 0.08% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Eliassen Group, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [8],[22],[23],[25],[27] | 10.07% | 10.07% | 10.07% | 10.07% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[27],[28] | $ 20,956 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[27] | 20,628 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[27] | $ 20,673 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[27] | 1.80% | 1.80% | 1.80% | 1.80% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Ellkay, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 11% | 11% | 11% | 11% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 14,107 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 13,847 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 13,540 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 1.18% | 1.18% | 1.18% | 1.18% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Excel Fitness Holdings, Inc., Leisure Products & Services 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[26],[27] | 5.25% | 5.25% | 5.25% | 5.25% | ||||||||||||
Interest rate | [8],[22],[23],[25],[26],[27] | 10.25% | 10.25% | 10.25% | 10.25% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[26],[27],[28] | $ 6,671 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[26],[27] | 6,541 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[26],[27] | $ 6,344 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[26],[27] | 0.55% | 0.55% | 0.55% | 0.55% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Excel Fitness Holdings, Inc., Leisure Products & Services 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [24],[25],[26],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [24],[25],[26],[27] | 10.53% | 10.53% | 10.53% | 10.53% | ||||||||||||
Par/principal amount | [24],[25],[26],[27],[28] | $ 2,868 | |||||||||||||||
Amortized cost | [5],[24],[25],[26],[27] | 2,785 | |||||||||||||||
Fair value | [3],[24],[25],[26],[27] | $ 2,792 | |||||||||||||||
Percent of net assets | [24],[25],[26],[27] | 0.24% | 0.24% | 0.24% | 0.24% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Excelitas Technologies Corp., Capital Equipment 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[26],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[26],[27] | 10.12% | 10.12% | 10.12% | 10.12% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[26],[27],[28] | $ 6,348 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[26],[27] | 6,214 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[26],[27] | $ 6,092 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[26],[27] | 0.53% | 0.53% | 0.53% | 0.53% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Excelitas Technologies Corp., Capital Equipment 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [23],[27] | 7.55% | 7.55% | 7.55% | 7.55% | ||||||||||||
Par/principal amount | € | [23],[27],[28] | € 2,551 | |||||||||||||||
Amortized cost | [5],[23],[27] | $ 2,567 | |||||||||||||||
Fair value | [3],[23],[27] | $ 2,633 | |||||||||||||||
Percent of net assets | [23],[27] | 0.23% | 0.23% | 0.23% | 0.23% | ||||||||||||
Investment, Identifier [Axis]: First Lien, FPG Intermediate Holdco, LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[25],[26],[27] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [8],[22],[25],[26],[27] | 10.92% | 10.92% | 10.92% | 10.92% | ||||||||||||
Par/principal amount | [8],[22],[25],[26],[27],[28] | $ 854 | |||||||||||||||
Amortized cost | [5],[8],[22],[25],[26],[27] | 693 | |||||||||||||||
Fair value | [3],[8],[22],[25],[26],[27] | $ 469 | |||||||||||||||
Percent of net assets | [8],[22],[25],[26],[27] | 0.04% | 0.04% | 0.04% | 0.04% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Greenhouse Software, Inc., Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[27] | 7% | 7% | 7% | 7% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[27] | 11.58% | 11.58% | 11.58% | 11.58% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[27],[28] | $ 32,796 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[27] | 32,065 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[27] | $ 31,504 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[27] | 2.74% | 2.74% | 2.74% | 2.74% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Guidehouse LLP, Sovereign & Public Finance | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[25],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [8],[25],[27] | 10.63% | 10.63% | 10.63% | 10.63% | ||||||||||||
Par/principal amount | [8],[25],[27],[28] | $ 80 | |||||||||||||||
Amortized cost | [5],[8],[25],[27] | 78 | |||||||||||||||
Fair value | [3],[8],[25],[27] | $ 78 | |||||||||||||||
Percent of net assets | [8],[25],[27] | 0.01% | 0.01% | 0.01% | 0.01% | ||||||||||||
Investment, Identifier [Axis]: First Lien, HS Spa Holdings Inc., Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [8],[22],[23],[25],[27] | 10.45% | 10.45% | 10.45% | 10.45% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[27],[28] | $ 8,605 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[27] | 8,422 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[27] | $ 8,336 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[27] | 0.72% | 0.72% | 0.72% | 0.72% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Hadrian Acquisition Limited (United Kingdom), Diversified Financial Services 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [11],[23],[25],[27] | 5.26% | 5.26% | 5.26% | 5.26% | ||||||||||||
Interest, PIK | [11],[23],[25],[27] | 3.47% | 3.47% | 3.47% | 3.47% | ||||||||||||
Interest rate | [11],[23],[25],[27] | 12.16% | 12.16% | 12.16% | 12.16% | ||||||||||||
Par/principal amount | £ | [11],[23],[25],[27],[28] | £ 7,338 | |||||||||||||||
Amortized cost | [5],[11],[23],[25],[27] | $ 9,550 | |||||||||||||||
Fair value | [3],[11],[23],[25],[27] | $ 8,672 | |||||||||||||||
Percent of net assets | [11],[23],[25],[27] | 0.75% | 0.75% | 0.75% | 0.75% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Hadrian Acquisition Limited (United Kingdom), Diversified Financial Services 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [11],[22],[23],[25],[27] | 5% | 5% | 5% | 5% | ||||||||||||
Interest, PIK | [11],[22],[23],[25],[27] | 2.75% | 2.75% | 2.75% | 2.75% | ||||||||||||
Interest rate | [11],[22],[23],[25],[27] | 11.18% | 11.18% | 11.18% | 11.18% | ||||||||||||
Par/principal amount | £ | [11],[22],[23],[25],[27],[28] | £ 1,790 | |||||||||||||||
Amortized cost | [5],[11],[22],[23],[25],[27] | $ 2,048 | |||||||||||||||
Fair value | [3],[11],[22],[23],[25],[27] | $ 2,087 | |||||||||||||||
Percent of net assets | [11],[22],[23],[25],[27] | 0.18% | 0.18% | 0.18% | 0.18% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Harbour Benefit Holdings, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[23],[24],[25],[27] | 5.25% | 5.25% | 5.25% | 5.25% | ||||||||||||
Interest rate | [22],[23],[24],[25],[27] | 9.95% | 9.95% | 9.95% | 9.95% | ||||||||||||
Par/principal amount | [22],[23],[24],[25],[27],[28] | $ 10,846 | |||||||||||||||
Amortized cost | [5],[22],[23],[24],[25],[27] | 10,809 | |||||||||||||||
Fair value | [3],[22],[23],[24],[25],[27] | $ 10,774 | |||||||||||||||
Percent of net assets | [22],[23],[24],[25],[27] | 0.94% | 0.94% | 0.94% | 0.94% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Heartland Home Services, Inc., Consumer Services 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 10.10% | 10.10% | 10.10% | 10.10% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 3,863 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 3,821 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 3,773 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 0.33% | 0.33% | 0.33% | 0.33% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Heartland Home Services, Inc., Consumer Services 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[23],[24],[25],[27] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [22],[23],[24],[25],[27] | 10.38% | 10.38% | 10.38% | 10.38% | ||||||||||||
Par/principal amount | [22],[23],[24],[25],[27],[28] | $ 31,614 | |||||||||||||||
Amortized cost | [5],[22],[23],[24],[25],[27] | 31,148 | |||||||||||||||
Fair value | [3],[22],[23],[24],[25],[27] | $ 31,283 | |||||||||||||||
Percent of net assets | [22],[23],[24],[25],[27] | 2.72% | 2.72% | 2.72% | 2.72% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Hercules Borrower LLC, Environmental Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[27] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [8],[22],[23],[25],[27] | 10.67% | 10.67% | 10.67% | 10.67% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[27],[28] | $ 18,497 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[27] | 18,136 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[27] | $ 17,818 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[27] | 1.55% | 1.55% | 1.55% | 1.55% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Hoosier Intermediate, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 10.11% | 10.11% | 10.11% | 10.11% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 17,155 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 16,831 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 16,131 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 1.40% | 1.40% | 1.40% | 1.40% | ||||||||||||
Investment, Identifier [Axis]: First Lien, IQN Holding Corp., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[27] | 5.25% | 5.25% | 5.25% | 5.25% | ||||||||||||
Interest rate | [8],[22],[23],[25],[27] | 9.64% | 9.64% | 9.64% | 9.64% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[27],[28] | $ 6,823 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[27] | 6,749 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[27] | $ 6,699 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[27] | 0.58% | 0.58% | 0.58% | 0.58% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Infront Luxembourg Finance S.À R.L. (Luxembourg), Leisure Products & Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [11],[23],[24],[27] | 9% | 9% | 9% | 9% | ||||||||||||
Interest rate | [11],[23],[24],[27] | 10.95% | 10.95% | 10.95% | 10.95% | ||||||||||||
Par/principal amount | € | [11],[23],[24],[27],[28] | € 33,000 | |||||||||||||||
Amortized cost | [5],[11],[23],[24],[27] | $ 39,215 | |||||||||||||||
Fair value | [3],[11],[23],[24],[27] | $ 34,707 | |||||||||||||||
Percent of net assets | [11],[23],[24],[27] | 3.01% | 3.01% | 3.01% | 3.01% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Integrity Marketing Acquisition, LLC, Diversified Financial Services 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[24],[25],[27] | 6.05% | 6.05% | 6.05% | 6.05% | ||||||||||||
Interest rate | [23],[24],[25],[27] | 9.95% | 9.95% | 9.95% | 9.95% | ||||||||||||
Par/principal amount | [23],[24],[25],[27],[28] | $ 24,351 | |||||||||||||||
Amortized cost | [5],[23],[24],[25],[27] | 24,155 | |||||||||||||||
Fair value | [3],[23],[24],[25],[27] | $ 23,538 | |||||||||||||||
Percent of net assets | [23],[24],[25],[27] | 2.04% | 2.04% | 2.04% | 2.04% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Integrity Marketing Acquisition, LLC, Diversified Financial Services 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [24],[25],[27] | 6.05% | 6.05% | 6.05% | 6.05% | ||||||||||||
Interest rate | [24],[25],[27] | 10.57% | 10.57% | 10.57% | 10.57% | ||||||||||||
Par/principal amount | [24],[25],[27],[28] | $ 7,833 | |||||||||||||||
Amortized cost | [5],[24],[25],[27] | 7,782 | |||||||||||||||
Fair value | [3],[24],[25],[27] | $ 7,551 | |||||||||||||||
Percent of net assets | [24],[25],[27] | 0.66% | 0.66% | 0.66% | 0.66% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Jeg's Automotive, LLC, Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 10.75% | 10.75% | 10.75% | 10.75% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 16,521 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 16,181 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 15,325 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 1.33% | 1.33% | 1.33% | 1.33% | ||||||||||||
Investment, Identifier [Axis]: First Lien, K2 Insurance Services, LLC, Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[27] | 5% | 5% | 5% | 5% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[27] | 9.73% | 9.73% | 9.73% | 9.73% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[27],[28] | $ 25,051 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[27] | 24,770 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[27] | $ 24,788 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[27] | 2.15% | 2.15% | 2.15% | 2.15% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Kaseya, Inc., High Tech Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[23],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [22],[23],[25],[27] | 10.33% | 10.33% | 10.33% | 10.33% | ||||||||||||
Par/principal amount | [22],[23],[25],[27],[28] | $ 35,453 | |||||||||||||||
Amortized cost | [5],[22],[23],[25],[27] | 34,725 | |||||||||||||||
Fair value | [3],[22],[23],[25],[27] | $ 34,324 | |||||||||||||||
Percent of net assets | [22],[23],[25],[27] | 2.98% | 2.98% | 2.98% | 2.98% | ||||||||||||
Investment, Identifier [Axis]: First Lien, LVF Holdings, Inc., Beverage & Food | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[27] | 10.98% | 10.98% | 10.98% | 10.98% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[27],[28] | $ 41,295 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[27] | 40,564 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[27] | $ 38,736 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[27] | 3.36% | 3.36% | 3.36% | 3.36% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Lifelong Learner Holdings, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[27] | 10.16% | 10.16% | 10.16% | 10.16% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[27],[28] | $ 51,929 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[27] | 51,315 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[27] | $ 48,694 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[27] | 4.23% | 4.23% | 4.23% | 4.23% | ||||||||||||
Investment, Identifier [Axis]: First Lien, LinQuest Corporation, Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [24],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [24],[25],[27] | 9.10% | 9.10% | 9.10% | 9.10% | ||||||||||||
Par/principal amount | [24],[25],[27],[28] | $ 9,875 | |||||||||||||||
Amortized cost | [5],[24],[25],[27] | 9,710 | |||||||||||||||
Fair value | [3],[24],[25],[27] | $ 8,927 | |||||||||||||||
Percent of net assets | [24],[25],[27] | 0.78% | 0.78% | 0.78% | 0.78% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Liqui-Box Holdings, Inc., Containers, Packaging & Glass | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 4.50% | 4.50% | 4.50% | 4.50% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 8.35% | 8.35% | 8.35% | 8.35% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 2,034 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 2,022 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 2,034 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 0.18% | 0.18% | 0.18% | 0.18% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Material Holdings, LLC, Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 10.67% | 10.67% | 10.67% | 10.67% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 15,982 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 15,701 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 15,202 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 1.32% | 1.32% | 1.32% | 1.32% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Maverick Acquisition, Inc., Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[23],[24],[25],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [8],[23],[24],[25],[27] | 10.98% | 10.98% | 10.98% | 10.98% | ||||||||||||
Par/principal amount | [8],[23],[24],[25],[27],[28] | $ 43,522 | |||||||||||||||
Amortized cost | [5],[8],[23],[24],[25],[27] | 42,846 | |||||||||||||||
Fair value | [3],[8],[23],[24],[25],[27] | $ 36,159 | |||||||||||||||
Percent of net assets | [8],[23],[24],[25],[27] | 3.14% | 3.14% | 3.14% | 3.14% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Medical Manufacturing Technologies, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[26],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [22],[24],[25],[26],[27] | 10.18% | 10.18% | 10.18% | 10.18% | ||||||||||||
Par/principal amount | [22],[24],[25],[26],[27],[28] | $ 14,450 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[26],[27] | 14,185 | |||||||||||||||
Fair value | [3],[22],[24],[25],[26],[27] | $ 14,154 | |||||||||||||||
Percent of net assets | [22],[24],[25],[26],[27] | 1.23% | 1.23% | 1.23% | 1.23% | ||||||||||||
Investment, Identifier [Axis]: First Lien, NEFCO Holding Company LLC, Construction & Building | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[23],[24],[25],[26],[27] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [22],[23],[24],[25],[26],[27] | 10.95% | 10.95% | 10.95% | 10.95% | ||||||||||||
Par/principal amount | [22],[23],[24],[25],[26],[27],[28] | $ 11,051 | |||||||||||||||
Amortized cost | [5],[22],[23],[24],[25],[26],[27] | 10,777 | |||||||||||||||
Fair value | [3],[22],[23],[24],[25],[26],[27] | $ 10,769 | |||||||||||||||
Percent of net assets | [22],[23],[24],[25],[26],[27] | 0.94% | 0.94% | 0.94% | 0.94% | ||||||||||||
Investment, Identifier [Axis]: First Lien, North Haven Fairway Buyer, LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[27] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[27] | 11.08% | 11.08% | 11.08% | 11.08% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[27],[28] | $ 11,530 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[27] | 10,959 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[27] | $ 11,098 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[27] | 0.96% | 0.96% | 0.96% | 0.96% | ||||||||||||
Investment, Identifier [Axis]: First Lien, North Haven Stallone Buyer, LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [8],[22],[25],[27] | 10.34% | 10.34% | 10.34% | 10.34% | ||||||||||||
Par/principal amount | [8],[22],[25],[27],[28] | $ 0 | |||||||||||||||
Amortized cost | [5],[8],[22],[25],[27] | (4) | |||||||||||||||
Fair value | [3],[8],[22],[25],[27] | $ (4) | |||||||||||||||
Percent of net assets | [8],[22],[25],[27] | 0% | 0% | 0% | 0% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Oak Purchaser, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [8],[22],[23],[25],[27] | 9.48% | 9.48% | 9.48% | 9.48% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[27],[28] | $ 5,851 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[27] | 5,779 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[27] | $ 5,663 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[27] | 0.49% | 0.49% | 0.49% | 0.49% | ||||||||||||
Investment, Identifier [Axis]: First Lien, PF Atlantic Holdco 2, LLC, Leisure Products & Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 10.25% | 10.25% | 10.25% | 10.25% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 29,515 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 28,852 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 28,819 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 2.50% | 2.50% | 2.50% | 2.50% | ||||||||||||
Investment, Identifier [Axis]: First Lien, PF Growth Partners, LLC, Leisure Products & Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[25],[27] | 5% | 5% | 5% | 5% | ||||||||||||
Interest rate | [23],[25],[27] | 9.48% | 9.48% | 9.48% | 9.48% | ||||||||||||
Par/principal amount | [23],[25],[27],[28] | $ 7,957 | |||||||||||||||
Amortized cost | [5],[23],[25],[27] | 7,900 | |||||||||||||||
Fair value | [3],[23],[25],[27] | $ 7,902 | |||||||||||||||
Percent of net assets | [23],[25],[27] | 0.69% | 0.69% | 0.69% | 0.69% | ||||||||||||
Investment, Identifier [Axis]: First Lien, PXO Holdings I Corp., Chemicals, Plastics & Rubber | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[26],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [8],[22],[23],[25],[26],[27] | 9.05% | 9.05% | 9.05% | 9.05% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[26],[27],[28] | $ 8,534 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[26],[27] | 8,364 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[26],[27] | $ 8,357 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[26],[27] | 0.73% | 0.73% | 0.73% | 0.73% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Performance Health Holdings, Inc., Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [24],[25],[27] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [24],[25],[27] | 10.73% | 10.73% | 10.73% | 10.73% | ||||||||||||
Par/principal amount | [24],[25],[27],[28] | $ 6,444 | |||||||||||||||
Amortized cost | [5],[24],[25],[27] | 6,342 | |||||||||||||||
Fair value | [3],[24],[25],[27] | $ 6,276 | |||||||||||||||
Percent of net assets | [24],[25],[27] | 0.55% | 0.55% | 0.55% | 0.55% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Project Castle, Inc., Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [24],[25],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [24],[25],[27] | 10.08% | 10.08% | 10.08% | 10.08% | ||||||||||||
Par/principal amount | [24],[25],[27],[28] | $ 7,481 | |||||||||||||||
Amortized cost | [5],[24],[25],[27] | 6,733 | |||||||||||||||
Fair value | [3],[24],[25],[27] | $ 6,013 | |||||||||||||||
Percent of net assets | [24],[25],[27] | 0.52% | 0.52% | 0.52% | 0.52% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Prophix Software Inc. (Canada), Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[11],[22],[23],[25],[27] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [8],[11],[22],[23],[25],[27] | 10.67% | 10.67% | 10.67% | 10.67% | ||||||||||||
Par/principal amount | [8],[11],[22],[23],[25],[27],[28] | $ 14,618 | |||||||||||||||
Amortized cost | [5],[8],[11],[22],[23],[25],[27] | 14,361 | |||||||||||||||
Fair value | [3],[8],[11],[22],[23],[25],[27] | $ 14,618 | |||||||||||||||
Percent of net assets | [8],[11],[22],[23],[25],[27] | 1.27% | 1.27% | 1.27% | 1.27% | ||||||||||||
Investment, Identifier [Axis]: First Lien, QNNECT, LLC, Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 7% | 7% | 7% | 7% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 11.11% | 11.11% | 11.11% | 11.11% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 2,641 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 2,542 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 2,541 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 0.22% | 0.22% | 0.22% | 0.22% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Quantic Electronics, LLC, Aerospace & Defense 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 10.97% | 10.97% | 10.97% | 10.97% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 15,582 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 15,344 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 14,768 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 1.28% | 1.28% | 1.28% | 1.28% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Quantic Electronics, LLC, Aerospace & Defense 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 10.95% | 10.95% | 10.95% | 10.95% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 9,832 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 9,652 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 9,218 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 0.80% | 0.80% | 0.80% | 0.80% | ||||||||||||
Investment, Identifier [Axis]: First Lien, RSC Acquisition, Inc., Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[23],[24],[25],[26],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [22],[23],[24],[25],[26],[27] | 9.83% | 9.83% | 9.83% | 9.83% | ||||||||||||
Par/principal amount | [22],[23],[24],[25],[26],[27],[28] | $ 33,554 | |||||||||||||||
Amortized cost | [5],[22],[23],[24],[25],[26],[27] | 33,136 | |||||||||||||||
Fair value | [3],[22],[23],[24],[25],[26],[27] | $ 31,983 | |||||||||||||||
Percent of net assets | [22],[23],[24],[25],[26],[27] | 2.78% | 2.78% | 2.78% | 2.78% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Radwell Parent, LLC, Wholesale | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[26],[27] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [22],[24],[25],[26],[27] | 11.33% | 11.33% | 11.33% | 11.33% | ||||||||||||
Par/principal amount | [22],[24],[25],[26],[27],[28] | $ 4,651 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[26],[27] | 4,503 | |||||||||||||||
Fair value | [3],[22],[24],[25],[26],[27] | $ 4,501 | |||||||||||||||
Percent of net assets | [22],[24],[25],[26],[27] | 0.39% | 0.39% | 0.39% | 0.39% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Regency Entertainment, Inc., Media: Diversified & Production | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[25],[27] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [23],[25],[27] | 11.13% | 11.13% | 11.13% | 11.13% | ||||||||||||
Par/principal amount | [23],[25],[27],[28] | $ 40,000 | |||||||||||||||
Amortized cost | [5],[23],[25],[27] | 39,529 | |||||||||||||||
Fair value | [3],[23],[25],[27] | $ 39,520 | |||||||||||||||
Percent of net assets | [23],[25],[27] | 3.43% | 3.43% | 3.43% | 3.43% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Riveron Acquisition Holdings, Inc., Diversified Financial Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[24],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [23],[24],[25],[27] | 10.48% | 10.48% | 10.48% | 10.48% | ||||||||||||
Par/principal amount | [23],[24],[25],[27],[28] | $ 19,374 | |||||||||||||||
Amortized cost | [5],[23],[24],[25],[27] | 19,203 | |||||||||||||||
Fair value | [3],[23],[24],[25],[27] | $ 19,374 | |||||||||||||||
Percent of net assets | [23],[24],[25],[27] | 1.68% | 1.68% | 1.68% | 1.68% | ||||||||||||
Investment, Identifier [Axis]: First Lien, SCP Eye Care HoldCo, LLC, Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[25],[26],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [8],[22],[25],[26],[27] | 9.47% | 9.47% | 9.47% | 9.47% | ||||||||||||
Par/principal amount | [8],[22],[25],[26],[27],[28] | $ 122 | |||||||||||||||
Amortized cost | [5],[8],[22],[25],[26],[27] | 117 | |||||||||||||||
Fair value | [3],[8],[22],[25],[26],[27] | $ 118 | |||||||||||||||
Percent of net assets | [8],[22],[25],[26],[27] | 0.01% | 0.01% | 0.01% | 0.01% | ||||||||||||
Investment, Identifier [Axis]: First Lien, SPay, Inc., Leisure Products & Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[23],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest, PIK | [8],[23],[25],[27] | 3.50% | 3.50% | 3.50% | 3.50% | ||||||||||||
Interest rate | [8],[23],[25],[27] | 13.73% | 13.73% | 13.73% | 13.73% | ||||||||||||
Par/principal amount | [8],[23],[25],[27],[28] | $ 24,292 | |||||||||||||||
Amortized cost | [5],[8],[23],[25],[27] | 24,176 | |||||||||||||||
Fair value | [3],[8],[23],[25],[27] | $ 21,332 | |||||||||||||||
Percent of net assets | [8],[23],[25],[27] | 1.85% | 1.85% | 1.85% | 1.85% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Sapphire Convention, Inc., Telecommunications | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[27] | 5.25% | 5.25% | 5.25% | 5.25% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[27] | 9.80% | 9.80% | 9.80% | 9.80% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[27],[28] | $ 28,051 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[27] | 27,771 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[27] | $ 27,341 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[27] | 2.37% | 2.37% | 2.37% | 2.37% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Smarsh Inc., Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[27] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [8],[22],[23],[25],[27] | 11.29% | 11.29% | 11.29% | 11.29% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[27],[28] | $ 3,673 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[27] | 3,596 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[27] | $ 3,493 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[27] | 0.30% | 0.30% | 0.30% | 0.30% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Speedstar Holding, LLC, Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[24],[25],[27] | 7% | 7% | 7% | 7% | ||||||||||||
Interest rate | [23],[24],[25],[27] | 11.73% | 11.73% | 11.73% | 11.73% | ||||||||||||
Par/principal amount | [23],[24],[25],[27],[28] | $ 26,694 | |||||||||||||||
Amortized cost | [5],[23],[24],[25],[27] | 26,305 | |||||||||||||||
Fair value | [3],[23],[24],[25],[27] | $ 26,510 | |||||||||||||||
Percent of net assets | [23],[24],[25],[27] | 2.30% | 2.30% | 2.30% | 2.30% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Spotless Brands, LLC, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[23],[24],[25],[26],[27] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [22],[23],[24],[25],[26],[27] | 10.80% | 10.80% | 10.80% | 10.80% | ||||||||||||
Par/principal amount | [22],[23],[24],[25],[26],[27],[28] | $ 33,832 | |||||||||||||||
Amortized cost | [5],[22],[23],[24],[25],[26],[27] | 33,179 | |||||||||||||||
Fair value | [3],[22],[23],[24],[25],[26],[27] | $ 32,779 | |||||||||||||||
Percent of net assets | [22],[23],[24],[25],[26],[27] | 2.85% | 2.85% | 2.85% | 2.85% | ||||||||||||
Investment, Identifier [Axis]: First Lien, TCFI Aevex LLC, Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[24],[25],[27] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [23],[24],[25],[27] | 10.38% | 10.38% | 10.38% | 10.38% | ||||||||||||
Par/principal amount | [23],[24],[25],[27],[28] | $ 28,558 | |||||||||||||||
Amortized cost | [5],[23],[24],[25],[27] | 28,217 | |||||||||||||||
Fair value | [3],[23],[24],[25],[27] | $ 26,099 | |||||||||||||||
Percent of net assets | [23],[24],[25],[27] | 2.27% | 2.27% | 2.27% | 2.27% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Tank Holding Corp., Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[26],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [8],[22],[23],[25],[26],[27] | 10.16% | 10.16% | 10.16% | 10.16% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[26],[27],[28] | $ 19,009 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[26],[27] | 18,655 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[26],[27] | $ 18,486 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[26],[27] | 1.61% | 1.61% | 1.61% | 1.61% | ||||||||||||
Investment, Identifier [Axis]: First Lien, The Carlstar Group LLC, Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[26],[27] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest rate | [22],[24],[25],[26],[27] | 10.92% | 10.92% | 10.92% | 10.92% | ||||||||||||
Par/principal amount | [22],[24],[25],[26],[27],[28] | $ 14,446 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[26],[27] | 14,087 | |||||||||||||||
Fair value | [3],[22],[24],[25],[26],[27] | $ 14,210 | |||||||||||||||
Percent of net assets | [22],[24],[25],[26],[27] | 1.23% | 1.23% | 1.23% | 1.23% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Trader Corporation (Canada), Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [11],[22],[23],[24],[25],[27] | 6.75% | 6.75% | 6.75% | 6.75% | ||||||||||||
Interest rate | [11],[22],[23],[24],[25],[27] | 11.61% | 11.61% | 11.61% | 11.61% | ||||||||||||
Par/principal amount | [11],[22],[23],[24],[25],[27],[28] | $ 1,208 | |||||||||||||||
Amortized cost | [5],[11],[22],[23],[24],[25],[27] | $ 864 | |||||||||||||||
Fair value | [3],[11],[22],[23],[24],[25],[27] | $ 869 | |||||||||||||||
Percent of net assets | [11],[22],[23],[24],[25],[27] | 0.08% | 0.08% | 0.08% | 0.08% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Trafigura Trading LLC, Metals & Mining | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[25],[26],[27],[31] | 8.35% | 8.35% | 8.35% | 8.35% | ||||||||||||
Interest rate | [8],[22],[25],[26],[27],[31] | 12.89% | 12.89% | 12.89% | 12.89% | ||||||||||||
Par/principal amount | [8],[22],[25],[26],[27],[28],[31] | $ 8,250 | |||||||||||||||
Amortized cost | [5],[8],[22],[25],[26],[27],[31] | 8,076 | |||||||||||||||
Fair value | [3],[8],[22],[25],[26],[27],[31] | $ 8,185 | |||||||||||||||
Percent of net assets | [8],[22],[25],[26],[27],[31] | 0.71% | 0.71% | 0.71% | 0.71% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Tufin Software North America, Inc., Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[26],[27] | 7.69% | 7.69% | 7.69% | 7.69% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[26],[27] | 12.01% | 12.01% | 12.01% | 12.01% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[26],[27],[28] | $ 27,040 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[26],[27] | 26,502 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[26],[27] | $ 26,162 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[26],[27] | 2.27% | 2.27% | 2.27% | 2.27% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Turbo Buyer, Inc., Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[23],[24],[25],[27] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [22],[23],[24],[25],[27] | 11.15% | 11.15% | 11.15% | 11.15% | ||||||||||||
Par/principal amount | [22],[23],[24],[25],[27],[28] | $ 41,997 | |||||||||||||||
Amortized cost | [5],[22],[23],[24],[25],[27] | 41,404 | |||||||||||||||
Fair value | [3],[22],[23],[24],[25],[27] | $ 41,211 | |||||||||||||||
Percent of net assets | [22],[23],[24],[25],[27] | 3.58% | 3.58% | 3.58% | 3.58% | ||||||||||||
Investment, Identifier [Axis]: First Lien, U.S. Legal Support, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[26],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [8],[22],[23],[25],[26],[27] | 10.33% | 10.33% | 10.33% | 10.33% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[26],[27],[28] | $ 21,790 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[26],[27] | 21,629 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[26],[27] | $ 21,379 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[26],[27] | 1.86% | 1.86% | 1.86% | 1.86% | ||||||||||||
Investment, Identifier [Axis]: First Lien, US INFRA SVCS Buyer, LLC, Environmental Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[24],[25],[27] | 6.50% | 6.50% | 6.50% | 6.50% | ||||||||||||
Interest, PIK | [23],[24],[25],[27] | 0.25% | 0.25% | 0.25% | 0.25% | ||||||||||||
Interest rate | [23],[24],[25],[27] | 11.47% | 11.47% | 11.47% | 11.47% | ||||||||||||
Par/principal amount | [23],[24],[25],[27],[28] | $ 56,693 | |||||||||||||||
Amortized cost | [5],[23],[24],[25],[27] | 56,016 | |||||||||||||||
Fair value | [3],[23],[24],[25],[27] | $ 53,796 | |||||||||||||||
Percent of net assets | [23],[24],[25],[27] | 4.67% | 4.67% | 4.67% | 4.67% | ||||||||||||
Investment, Identifier [Axis]: First Lien, USALCO, LLC, Chemicals, Plastics & Rubber | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [24],[25],[27] | 6% | 6% | 6% | 6% | ||||||||||||
Interest rate | [24],[25],[27] | 10.73% | 10.73% | 10.73% | 10.73% | ||||||||||||
Par/principal amount | [24],[25],[27],[28] | $ 990 | |||||||||||||||
Amortized cost | [5],[24],[25],[27] | 973 | |||||||||||||||
Fair value | [3],[24],[25],[27] | $ 941 | |||||||||||||||
Percent of net assets | [24],[25],[27] | 0.08% | 0.08% | 0.08% | 0.08% | ||||||||||||
Investment, Identifier [Axis]: First Lien, USR Parent Inc., Retail | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[25],[27] | 7.60% | 7.60% | 7.60% | 7.60% | ||||||||||||
Interest rate | [23],[25],[27] | 11.72% | 11.72% | 11.72% | 11.72% | ||||||||||||
Par/principal amount | [23],[25],[27],[28] | $ 4,222 | |||||||||||||||
Amortized cost | [5],[23],[25],[27] | 4,185 | |||||||||||||||
Fair value | [3],[23],[25],[27] | $ 4,025 | |||||||||||||||
Percent of net assets | [23],[25],[27] | 0.35% | 0.35% | 0.35% | 0.35% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Unifrutti Financing PLC (Cyprus), Beverage & Food 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [11],[23],[27] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest, PIK | [11],[23],[27] | 1% | 1% | 1% | 1% | ||||||||||||
Interest rate | [11],[23],[27] | 8.50% | 8.50% | 8.50% | 8.50% | ||||||||||||
Par/principal amount | € | [11],[23],[28] | € 18,495 | |||||||||||||||
Amortized cost | [5],[11],[23] | $ 19,778 | |||||||||||||||
Fair value | [3],[11],[23] | $ 20,045 | |||||||||||||||
Percent of net assets | [11],[23] | 1.74% | 1.74% | 1.74% | 1.74% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Unifrutti Financing PLC (Cyprus), Beverage & Food 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[11],[27] | 11% | 11% | 11% | 11% | ||||||||||||
Interest, PIK | [8],[11],[27] | 100% | 100% | 100% | 100% | ||||||||||||
Interest rate | [8],[11],[27] | 11% | 11% | 11% | 11% | ||||||||||||
Par/principal amount | € | [8],[11],[28] | € 3,384 | |||||||||||||||
Amortized cost | [5],[8],[11] | $ 3,826 | |||||||||||||||
Fair value | [3],[8],[11] | $ 3,858 | |||||||||||||||
Percent of net assets | [8],[11] | 0.34% | 0.34% | 0.34% | 0.34% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Westfall Technik, Inc., Chemicals, Plastics & Rubber 1 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[23],[24],[25],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [8],[23],[24],[25],[27] | 10.83% | 10.83% | 10.83% | 10.83% | ||||||||||||
Par/principal amount | [8],[23],[24],[25],[27],[28] | $ 27,918 | |||||||||||||||
Amortized cost | [5],[8],[23],[24],[25],[27] | 27,759 | |||||||||||||||
Fair value | [3],[8],[23],[24],[25],[27] | $ 27,326 | |||||||||||||||
Percent of net assets | [8],[23],[24],[25],[27] | 2.37% | 2.37% | 2.37% | 2.37% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Westfall Technik, Inc., Chemicals, Plastics & Rubber 2 | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [24],[25],[27] | 6.25% | 6.25% | 6.25% | 6.25% | ||||||||||||
Interest rate | [24],[25],[27] | 10.79% | 10.79% | 10.79% | 10.79% | ||||||||||||
Par/principal amount | [24],[25],[27],[28] | $ 4,957 | |||||||||||||||
Amortized cost | [5],[24],[25],[27] | 4,882 | |||||||||||||||
Fair value | [3],[24],[25],[27] | $ 4,852 | |||||||||||||||
Percent of net assets | [24],[25],[27] | 0.42% | 0.42% | 0.42% | 0.42% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Wineshipping.com LLC, Beverage & Food | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [22],[24],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [22],[24],[25],[27] | 10.15% | 10.15% | 10.15% | 10.15% | ||||||||||||
Par/principal amount | [22],[24],[25],[27],[28] | $ 14,617 | |||||||||||||||
Amortized cost | [5],[22],[24],[25],[27] | 14,322 | |||||||||||||||
Fair value | [3],[22],[24],[25],[27] | $ 13,212 | |||||||||||||||
Percent of net assets | [22],[24],[25],[27] | 1.15% | 1.15% | 1.15% | 1.15% | ||||||||||||
Investment, Identifier [Axis]: First Lien, YLG Holdings, Inc., Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[25],[27] | 5% | 5% | 5% | 5% | ||||||||||||
Interest rate | [23],[25],[27] | 9.53% | 9.53% | 9.53% | 9.53% | ||||||||||||
Par/principal amount | [23],[25],[27],[28] | $ 9,802 | |||||||||||||||
Amortized cost | [5],[23],[25],[27] | 9,591 | |||||||||||||||
Fair value | [3],[23],[25],[27] | $ 9,783 | |||||||||||||||
Percent of net assets | [23],[25],[27] | 0.85% | 0.85% | 0.85% | 0.85% | ||||||||||||
Investment, Identifier [Axis]: First Lien, Yellowstone Buyer Acquisition, LLC, Consumer Goods: Durable | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[25],[27] | 5.75% | 5.75% | 5.75% | 5.75% | ||||||||||||
Interest rate | [8],[25],[27] | 10.07% | 10.07% | 10.07% | 10.07% | ||||||||||||
Par/principal amount | [8],[25],[27],[28] | $ 444 | |||||||||||||||
Amortized cost | [5],[8],[25],[27] | 437 | |||||||||||||||
Fair value | [3],[8],[25],[27] | $ 427 | |||||||||||||||
Percent of net assets | [8],[25],[27] | 0.04% | 0.04% | 0.04% | 0.04% | ||||||||||||
Investment, Identifier [Axis]: First Lien, iCIMS, Inc., Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[24],[25],[27] | 7.25% | 7.25% | 7.25% | 7.25% | ||||||||||||
Interest rate | [8],[22],[23],[24],[25],[27] | 11.52% | 11.52% | 11.52% | 11.52% | ||||||||||||
Par/principal amount | [8],[22],[23],[24],[25],[27],[28] | $ 25,719 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[24],[25],[27] | 25,251 | |||||||||||||||
Fair value | [3],[8],[22],[23],[24],[25],[27] | $ 24,443 | |||||||||||||||
Percent of net assets | [8],[22],[23],[24],[25],[27] | 2.12% | 2.12% | 2.12% | 2.12% | ||||||||||||
Investment, Identifier [Axis]: Project Castle, Inc., Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[16] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest rate | [12],[14],[16] | 10.76% | 10.76% | 10.76% | 10.76% | ||||||||||||
Par/principal amount | [12],[14],[16],[18] | $ 7,425 | |||||||||||||||
Amortized cost | [4],[12],[14],[16] | 6,743 | |||||||||||||||
Fair value | [2],[12],[14],[16] | $ 6,571 | |||||||||||||||
Percent of net assets | [12],[14],[16] | 0.61% | 0.61% | 0.61% | 0.61% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, AI Convoy S.A.R.L (United Kingdom), Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [10],[12],[14],[15],[16],[32] | 8.25% | 8.25% | 8.25% | 8.25% | ||||||||||||
Interest rate | [10],[12],[14],[15],[16],[32] | 13.64% | 13.64% | 13.64% | 13.64% | ||||||||||||
Par/principal amount | [10],[12],[14],[15],[16],[18],[32] | $ 30,327 | |||||||||||||||
Amortized cost | [4],[10],[12],[14],[15],[16],[32] | 29,896 | |||||||||||||||
Fair value | [2],[10],[12],[14],[15],[16],[32] | $ 30,630 | |||||||||||||||
Percent of net assets | [10],[12],[14],[15],[16],[32] | 2.83% | 2.83% | 2.83% | 2.83% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, AP Plastics Acquisition Holdings, LLC, Chemicals, Plastics & Rubber | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[16],[17] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [12],[15],[16],[17] | 12.92% | 12.92% | 12.92% | 12.92% | ||||||||||||
Par/principal amount | [12],[15],[16],[17],[18] | $ 38,180 | |||||||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 37,335 | |||||||||||||||
Fair value | [2],[12],[15],[16],[17] | $ 37,117 | |||||||||||||||
Percent of net assets | [12],[15],[16],[17] | 3.43% | 3.43% | 3.43% | 3.43% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, AQA Acquisition Holdings, Inc., High Tech Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[16],[17] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [12],[15],[16],[17] | 12.97% | 12.97% | 12.97% | 12.97% | ||||||||||||
Par/principal amount | [12],[15],[16],[17],[18] | $ 5,538 | |||||||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 5,432 | |||||||||||||||
Fair value | [2],[12],[15],[16],[17] | $ 5,459 | |||||||||||||||
Percent of net assets | [12],[15],[16],[17] | 0.50% | 0.50% | 0.50% | 0.50% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Aimbridge Acquisition Co., Inc., Leisure Products & Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[17] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [12],[15],[17] | 12.94% | 12.94% | 12.94% | 12.94% | ||||||||||||
Par/principal amount | [12],[15],[17],[18] | $ 21,047 | |||||||||||||||
Amortized cost | [4],[12],[15],[17] | 20,763 | |||||||||||||||
Fair value | [2],[12],[15],[17] | $ 20,121 | |||||||||||||||
Percent of net assets | [12],[15],[17] | 1.86% | 1.86% | 1.86% | 1.86% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Blackbird Purchaser, Inc., Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[16],[17] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [12],[15],[16],[17] | 12.92% | 12.92% | 12.92% | 12.92% | ||||||||||||
Par/principal amount | [12],[15],[16],[17],[18] | $ 9,194 | |||||||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 9,062 | |||||||||||||||
Fair value | [2],[12],[15],[16],[17] | $ 9,194 | |||||||||||||||
Percent of net assets | [12],[15],[16],[17] | 0.85% | 0.85% | 0.85% | 0.85% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Brave Parent Holdings, Inc., Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [12],[15] | 12.97% | 12.97% | 12.97% | 12.97% | ||||||||||||
Par/principal amount | [12],[15],[18] | $ 18,197 | |||||||||||||||
Amortized cost | [4],[12],[15] | 18,021 | |||||||||||||||
Fair value | [2],[12],[15] | $ 18,197 | |||||||||||||||
Percent of net assets | [12],[15] | 1.68% | 1.68% | 1.68% | 1.68% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Drilling Info Holdings, Inc., Energy: Oil & Gas | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[17] | 8.25% | 8.25% | 8.25% | 8.25% | ||||||||||||
Interest rate | [12],[15],[17] | 13.67% | 13.67% | 13.67% | 13.67% | ||||||||||||
Par/principal amount | [12],[15],[17],[18] | $ 18,600 | |||||||||||||||
Amortized cost | [4],[12],[15],[17] | 18,339 | |||||||||||||||
Fair value | [2],[12],[15],[17] | $ 18,600 | |||||||||||||||
Percent of net assets | [12],[15],[17] | 1.72% | 1.72% | 1.72% | 1.72% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Outcomes Group Holdings, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [12],[14] | 13.02% | 13.02% | 13.02% | 13.02% | ||||||||||||
Par/principal amount | [12],[14],[18] | $ 1,731 | |||||||||||||||
Amortized cost | [4],[12],[14] | 1,729 | |||||||||||||||
Fair value | [2],[12],[14] | $ 1,717 | |||||||||||||||
Percent of net assets | [12],[14] | 0.16% | 0.16% | 0.16% | 0.16% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, PAI Holdco, Inc., Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[16] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest, PIK | [12],[15],[16] | 2% | 2% | 2% | 2% | ||||||||||||
Interest rate | [12],[15],[16] | 13.02% | 13.02% | 13.02% | 13.02% | ||||||||||||
Par/principal amount | [12],[15],[16],[18] | $ 14,304 | |||||||||||||||
Amortized cost | [4],[12],[15],[16] | 14,018 | |||||||||||||||
Fair value | [2],[12],[15],[16] | $ 13,713 | |||||||||||||||
Percent of net assets | [12],[15],[16] | 1.27% | 1.27% | 1.27% | 1.27% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Quartz Holding Company, Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[17] | 8% | 8% | 8% | 8% | ||||||||||||
Interest rate | [12],[15],[17] | 13.42% | 13.42% | 13.42% | 13.42% | ||||||||||||
Par/principal amount | [12],[15],[17],[18] | $ 11,900 | |||||||||||||||
Amortized cost | [4],[12],[15],[17] | 11,775 | |||||||||||||||
Fair value | [2],[12],[15],[17] | $ 11,729 | |||||||||||||||
Percent of net assets | [12],[15],[17] | 1.08% | 1.08% | 1.08% | 1.08% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Stonegate Pub Company Bidco Limited (United Kingdom), Beverage & Food | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [10],[12],[15] | 8.50% | 8.50% | 8.50% | 8.50% | ||||||||||||
Interest rate | [10],[12],[15] | 12.93% | 12.93% | 12.93% | 12.93% | ||||||||||||
Par/principal amount | £ | [10],[12],[15],[18] | £ 20,000 | |||||||||||||||
Amortized cost | [4],[10],[12],[15] | $ 24,862 | |||||||||||||||
Fair value | [2],[10],[12],[15] | $ 21,474 | |||||||||||||||
Percent of net assets | [10],[12],[15] | 1.99% | 1.99% | 1.99% | 1.99% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, TruGreen Limited Partnership, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[15],[16],[17] | 8.50% | 8.50% | 8.50% | 8.50% | ||||||||||||
Interest rate | [12],[15],[16],[17] | 14.13% | 14.13% | 14.13% | 14.13% | ||||||||||||
Par/principal amount | [12],[15],[16],[17],[18] | $ 13,000 | |||||||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 12,812 | |||||||||||||||
Fair value | [2],[12],[15],[16],[17] | $ 12,336 | |||||||||||||||
Percent of net assets | [12],[15],[16],[17] | 1.14% | 1.14% | 1.14% | 1.14% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, World 50, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [12],[14],[33] | 11.50% | 11.50% | 11.50% | 11.50% | ||||||||||||
Interest rate | [12],[14],[33] | 11.50% | 11.50% | 11.50% | 11.50% | ||||||||||||
Par/principal amount | [14],[18],[33] | $ 23,017 | |||||||||||||||
Amortized cost | [4],[14],[33] | 22,726 | |||||||||||||||
Fair value | [2],[14],[33] | $ 23,017 | |||||||||||||||
Percent of net assets | [14],[33] | 2.13% | 2.13% | 2.13% | 2.13% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, 11852604 Canada Inc. (Canada), Healthcare & Pharmaceuticals | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | 9.50% | [6],[10],[12],[16],[17] | 9.50% | [8],[11],[25],[27] | 9.50% | [6],[10],[12],[16],[17] | 9.50% | [6],[10],[12],[16],[17] | 9.50% | [6],[10],[12],[16],[17] | 9.50% | [8],[11],[25],[27] | 9.50% | [8],[11],[25],[27] | 9.50% | [8],[11],[25],[27] | |
Interest, PIK | 100% | [6],[10],[12],[16],[17] | 100% | [8],[11],[25],[27] | 100% | [6],[10],[12],[16],[17] | 100% | [6],[10],[12],[16],[17] | 100% | [6],[10],[12],[16],[17] | 100% | [8],[11],[25],[27] | 100% | [8],[11],[25],[27] | 100% | [8],[11],[25],[27] | |
Interest rate | 15.04% | [6],[10],[12],[16],[17] | 13.70% | [8],[11],[25],[27] | 15.04% | [6],[10],[12],[16],[17] | 15.04% | [6],[10],[12],[16],[17] | 15.04% | [6],[10],[12],[16],[17] | 13.70% | [8],[11],[25],[27] | 13.70% | [8],[11],[25],[27] | 13.70% | [8],[11],[25],[27] | |
Par/principal amount | $ 8,458 | [6],[10],[12],[16],[17],[18] | $ 7,587 | [8],[11],[25],[27],[28] | |||||||||||||
Amortized cost | 8,338 | [4],[6],[10],[12],[16],[17] | 7,451 | [5],[8],[11],[25],[27] | |||||||||||||
Fair value | $ 8,331 | [2],[6],[10],[12],[16],[17] | $ 7,398 | [3],[8],[11],[25],[27] | |||||||||||||
Percent of net assets | 0.77% | [6],[10],[12],[16],[17] | 0.64% | [8],[11],[25],[27] | 0.77% | [6],[10],[12],[16],[17] | 0.77% | [6],[10],[12],[16],[17] | 0.77% | [6],[10],[12],[16],[17] | 0.64% | [8],[11],[25],[27] | 0.64% | [8],[11],[25],[27] | 0.64% | [8],[11],[25],[27] | |
Investment, Identifier [Axis]: Second Lien, AI Convoy S.A.R.L (United Kingdom), Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [11],[23],[24],[25],[27] | 8.25% | 8.25% | 8.25% | 8.25% | ||||||||||||
Interest rate | [11],[23],[24],[25],[27] | 12.92% | 12.92% | 12.92% | 12.92% | ||||||||||||
Par/principal amount | [11],[23],[24],[25],[27],[28] | $ 30,327 | |||||||||||||||
Amortized cost | [5],[11],[23],[24],[25],[27] | 29,841 | |||||||||||||||
Fair value | [3],[11],[23],[24],[25],[27] | $ 31,237 | |||||||||||||||
Percent of net assets | [11],[23],[24],[25],[27] | 2.71% | 2.71% | 2.71% | 2.71% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, AP Plastics Acquisition Holdings, LLC, Chemicals, Plastics & Rubber | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[24],[25],[27] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [23],[24],[25],[27] | 11.85% | 11.85% | 11.85% | 11.85% | ||||||||||||
Par/principal amount | [23],[24],[25],[27],[28] | $ 38,180 | |||||||||||||||
Amortized cost | [5],[23],[24],[25],[27] | 37,263 | |||||||||||||||
Fair value | [3],[23],[24],[25],[27] | $ 36,639 | |||||||||||||||
Percent of net assets | [23],[24],[25],[27] | 3.18% | 3.18% | 3.18% | 3.18% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, AQA Acquisition Holdings, Inc., High Tech Industries | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[25],[27] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [23],[25],[27] | 12.23% | 12.23% | 12.23% | 12.23% | ||||||||||||
Par/principal amount | [23],[25],[27],[28] | $ 5,538 | |||||||||||||||
Amortized cost | [5],[23],[25],[27] | 5,422 | |||||||||||||||
Fair value | [3],[23],[25],[27] | $ 5,271 | |||||||||||||||
Percent of net assets | [23],[25],[27] | 0.46% | 0.46% | 0.46% | 0.46% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Aimbridge Acquisition Co., Inc., Leisure Products & Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[27] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [23],[27] | 11.62% | 11.62% | 11.62% | 11.62% | ||||||||||||
Par/principal amount | [23],[27],[28] | $ 21,047 | |||||||||||||||
Amortized cost | [5],[23],[27] | 20,713 | |||||||||||||||
Fair value | [3],[23],[27] | $ 19,024 | |||||||||||||||
Percent of net assets | [23],[27] | 1.65% | 1.65% | 1.65% | 1.65% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Blackbird Purchaser, Inc., Capital Equipment | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[22],[23],[25],[27] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [8],[22],[23],[25],[27] | 11.88% | 11.88% | 11.88% | 11.88% | ||||||||||||
Par/principal amount | [8],[22],[23],[25],[27],[28] | $ 9,194 | |||||||||||||||
Amortized cost | [5],[8],[22],[23],[25],[27] | 8,991 | |||||||||||||||
Fair value | [3],[8],[22],[23],[25],[27] | $ 8,490 | |||||||||||||||
Percent of net assets | [8],[22],[23],[25],[27] | 0.74% | 0.74% | 0.74% | 0.74% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Brave Parent Holdings, Inc., Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[27] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [23],[27] | 11.88% | 11.88% | 11.88% | 11.88% | ||||||||||||
Par/principal amount | [23],[27],[28] | $ 18,197 | |||||||||||||||
Amortized cost | [5],[23],[27] | 17,978 | |||||||||||||||
Fair value | [3],[23],[27] | $ 17,504 | |||||||||||||||
Percent of net assets | [23],[27] | 1.52% | 1.52% | 1.52% | 1.52% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Drilling Info Holdings, Inc., Energy: Oil & Gas | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[27] | 8.25% | 8.25% | 8.25% | 8.25% | ||||||||||||
Interest rate | [8],[27] | 12.64% | 12.64% | 12.64% | 12.64% | ||||||||||||
Par/principal amount | [8],[27],[28] | $ 18,600 | |||||||||||||||
Amortized cost | [5],[8],[27] | 18,283 | |||||||||||||||
Fair value | [3],[8],[27] | $ 18,740 | |||||||||||||||
Percent of net assets | [8],[27] | 1.63% | 1.63% | 1.63% | 1.63% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Jazz Acquisition, Inc., Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[27] | 8% | 8% | 8% | 8% | ||||||||||||
Interest rate | [23],[27] | 12.38% | 12.38% | 12.38% | 12.38% | ||||||||||||
Par/principal amount | [23],[27],[28] | $ 23,450 | |||||||||||||||
Amortized cost | [5],[23],[27] | 23,227 | |||||||||||||||
Fair value | [3],[23],[27] | $ 21,875 | |||||||||||||||
Percent of net assets | [23],[27] | 1.90% | 1.90% | 1.90% | 1.90% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Outcomes Group Holdings, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [24],[27] | 7.50% | 7.50% | 7.50% | 7.50% | ||||||||||||
Interest rate | [24],[27] | 12.23% | 12.23% | 12.23% | 12.23% | ||||||||||||
Par/principal amount | [24],[27],[28] | $ 1,731 | |||||||||||||||
Amortized cost | [5],[24],[27] | 1,728 | |||||||||||||||
Fair value | [3],[24],[27] | $ 1,690 | |||||||||||||||
Percent of net assets | [24],[27] | 0.15% | 0.15% | 0.15% | 0.15% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, PAI Holdco, Inc., Automotive | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[25],[27] | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||
Interest, PIK | [23],[25],[27] | 2% | 2% | 2% | 2% | ||||||||||||
Interest rate | [23],[25],[27] | 11.91% | 11.91% | 11.91% | 11.91% | ||||||||||||
Par/principal amount | [23],[25],[27],[28] | $ 14,089 | |||||||||||||||
Amortized cost | [5],[23],[25],[27] | 13,772 | |||||||||||||||
Fair value | [3],[23],[25],[27] | $ 13,874 | |||||||||||||||
Percent of net assets | [23],[25],[27] | 1.20% | 1.20% | 1.20% | 1.20% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Peraton Corp., Aerospace & Defense | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[25],[27] | 7.75% | 7.75% | 7.75% | 7.75% | ||||||||||||
Interest rate | [23],[25],[27] | 12.09% | 12.09% | 12.09% | 12.09% | ||||||||||||
Par/principal amount | [23],[25],[27],[28] | $ 11,941 | |||||||||||||||
Amortized cost | [5],[23],[25],[27] | 11,790 | |||||||||||||||
Fair value | [3],[23],[25],[27] | $ 11,550 | |||||||||||||||
Percent of net assets | [23],[25],[27] | 1% | 1% | 1% | 1% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Quartz Holding Company, Software | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[27] | 8% | 8% | 8% | 8% | ||||||||||||
Interest rate | [23],[27] | 12.38% | 12.38% | 12.38% | 12.38% | ||||||||||||
Par/principal amount | [23],[27],[28] | $ 11,900 | |||||||||||||||
Amortized cost | [5],[23],[27] | 11,754 | |||||||||||||||
Fair value | [3],[23],[27] | $ 11,420 | |||||||||||||||
Percent of net assets | [23],[27] | 0.99% | 0.99% | 0.99% | 0.99% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, Stonegate Pub Company Bidco Limited (United Kingdom), Beverage & Food | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [8],[11],[27] | 8.50% | 8.50% | 8.50% | 8.50% | ||||||||||||
Interest rate | [8],[11],[27] | 11.74% | 11.74% | 11.74% | 11.74% | ||||||||||||
Par/principal amount | £ | [8],[11],[27],[28] | £ 20,000 | |||||||||||||||
Amortized cost | [5],[8],[11],[27] | $ 24,831 | |||||||||||||||
Fair value | [3],[8],[11],[27] | $ 22,281 | |||||||||||||||
Percent of net assets | [8],[11],[27] | 1.93% | 1.93% | 1.93% | 1.93% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, TruGreen Limited Partnership, Consumer Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [23],[25],[27] | 8.50% | 8.50% | 8.50% | 8.50% | ||||||||||||
Interest rate | [23],[25],[27] | 13.43% | 13.43% | 13.43% | 13.43% | ||||||||||||
Par/principal amount | [23],[25],[27],[28] | $ 13,000 | |||||||||||||||
Amortized cost | [5],[23],[25],[27] | 12,794 | |||||||||||||||
Fair value | [3],[23],[25],[27] | $ 11,120 | |||||||||||||||
Percent of net assets | [23],[25],[27] | 0.97% | 0.97% | 0.97% | 0.97% | ||||||||||||
Investment, Identifier [Axis]: Second Lien, World 50, Inc., Business Services | |||||||||||||||||
Schedule of Investments [Line Items] | |||||||||||||||||
Interest, spread | [24],[27],[34] | 11.50% | 11.50% | 11.50% | 11.50% | ||||||||||||
Interest rate | [24],[27],[34] | 11.50% | 11.50% | 11.50% | 11.50% | ||||||||||||
Par/principal amount | [24],[28],[34] | $ 24,017 | |||||||||||||||
Amortized cost | [5],[24],[34] | 23,660 | |||||||||||||||
Fair value | [3],[24],[34] | $ 22,821 | |||||||||||||||
Percent of net assets | [24],[34] | 1.97% | 1.97% | 1.97% | 1.97% | ||||||||||||
[1]Unless otherwise indicated, issuers of debt and equity investments held by the Company are domiciled in the United States. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of September 30, 2023, the Company does not “control” any of these portfolio companies. Under the Investment Company Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of September 30, 2023, the Company is not an “affiliated person” of any of these portfolio companies. Certain portfolio company investments are subject to contractual restrictions on sales.[2]Fair value is determined in good faith by the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments and equity investments was determined using significant unobservable inputs.[3]Fair value is determined in good faith by the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments and equity investments was determined using significant unobservable inputs.[4]Amortized cost represents original cost, including origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion/amortization of discounts/premiums, as applicable, on debt investments using the effective interest method.[5]Amortized cost represents original cost, including origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion/amortization of discounts/premiums, as applicable, on debt investments using the effective interest method.[6]Denotes that all or a portion of the assets are owned by Carlyle Credit Solutions, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CARS” or the “Company”). Accordingly, such assets are not available to creditors of Carlyle Credit Solutions SPV LLC (the “SPV”) or Carlyle Credit Solutions SPV2 LLC (“SPV2”).[7]Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act, unless otherwise noted. As of September 30, 2023, the aggregate fair value of these securities is $69,940, or 6.48% of the Company's net assets.[8]Denotes that all or a portion of the assets are owned by Carlyle Credit Solutions, Inc. (together with its consolidated subsidiary, “we,” “us,” “our,” “CARS” or the “Company”). Accordingly, such assets are not available to creditors of Carlyle Credit Solutions SPV LLC (the “SPV”) or Carlyle Credit Solutions SPV2 LLC (“SPV2”).[9]Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act, unless otherwise noted. As of December 31, 2022, the aggregate fair value of these securities is $74,164, or 6.44% of the Company’s net assets.[10]The Company has determined the indicated investments are non-qualifying assets under Section 55(a) of the Investment Company Act. Under the Investment Company Act, the Company may not acquire any non-qualifying assets unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Company’s total assets.[11]The Company has determined the indicated investments are non-qualifying assets under Section 55(a) of the Investment Company Act. Under the Investment Company Act, the Company may not acquire any non-qualifying assets unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Company’s total assets.[12] Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to either, the Secured Overnight Financing Rate (“SOFR”) or an alternate base rate (commonly based on the Federal Funds Rate or the U.S. Prime Rate), which generally resets quarterly. For each such loan, the Company has indicated the reference rate used and provided the spread and the interest rate in effect as of September 30, 2023. As of September 30, 2023, the reference rates for our variable rate loans were the 30-day SOFR at 5.32%, the 90-day SOFR at 5.40%, the 180-day SOFR at 5.47%, the daily SONIA at 5.19%, the 90-day EURIBOR at 3.95% and the 30-day CDOR at 5.51%. Investments—non-controlled/non-affiliated Type Unused Fee Par/Principal Amount** Fair Value First and Second Lien Debt—unfunded delayed draw and revolving term loans commitments ADPD Holdings, LLC Delayed Draw 1.00 % $ 5,756 $ (465) ADPD Holdings, LLC Revolver 0.50 1,243 (100) Advanced Web Technologies Holding Company Revolver 0.50 1,970 (5) Alpine Acquisition Corp II Revolver 0.50 2,068 (96) Apex Companies Holdings, LLC Delayed Draw 1.00 768 (5) Applied Technical Services, LLC Delayed Draw 1.00 240 1 Applied Technical Services, LLC Revolver 0.50 32 — Appriss Health, LLC Revolver 0.50 2,963 (26) Ascend Buyer, LLC Revolver 0.50 1,284 (18) Associations, Inc. Revolver 0.50 723 — Atlas AU Bidco Pty Ltd (Australia) Revolver 0.50 134 1 Avalara, Inc. Revolver 0.50 1,350 20 BlueCat Networks, Inc. (Canada) Delayed Draw 1.00 778 (11) Bradyifs Holdings, LLC Revolver 0.50 2,271 (7) CD&R Madison Parent Ltd (United Kingdom) Delayed Draw 1.50 £ 54 1 Celerion Buyer, Inc. Delayed Draw 1.00 249 2 Celerion Buyer, Inc. Revolver 0.50 125 1 Chartis Holding, LLC Revolver 0.50 1,882 (5) Chemical Computing Group ULC (Canada) Revolver 0.50 903 (4) CircusTrix Holdings, LLC Delayed Draw 1.00 1,075 (27) CircusTrix Holdings, LLC Revolver 0.50 538 (13) CoreWeave Compute Acquisition Co. II, LLC Delayed Draw 1.00 1,937 (34) Cority Software Inc. (Canada) Revolver 0.50 3,000 (10) Coupa Holdings, LLC Delayed Draw 1.00 193 4 Coupa Holdings, LLC Revolver 0.50 148 3 CPI Intermediate Holdings, Inc. Delayed Draw 1.00 927 (12) CST Holding Company Revolver 0.50 235 1 Denali Midco 2, LLC Delayed Draw 1.00 876 (18) Diligent Corporation Revolver 0.50 28 — Dwyer Instruments, Inc. Delayed Draw 1.00 161 — Dwyer Instruments, Inc. Revolver 0.50 876 1 Investments—non-controlled/non-affiliated Type Unused Fee Par/Principal Amount** Fair Value Eliassen Group, LLC Delayed Draw 1.00 % $ 2,668 $ (11) Ellkay, LLC Revolver 0.50 1,786 (124) EPS Nass Parent, Inc. Revolver 0.50 10 — Excel Fitness Holdings, Inc. Revolver 0.50 891 (16) Excelitas Technologies Corp. Delayed Draw 1.00 197 (2) Excelitas Technologies Corp. Revolver 0.50 301 (3) FPG Intermediate Holdco, LLC Delayed Draw 1.00 7,946 (97) Greenhouse Software, Inc. Revolver 0.50 1,471 (11) Greenhouse Software, Inc. Revolver 0.50 733 (5) Hadrian Acquisition Limited (United Kingdom) Delayed Draw 2.33 £ 921 (6) Harbour Benefit Holdings, Inc. Revolver 0.50 1,219 (9) Heartland Home Services, Inc. Revolver 0.50 2,780 (38) Hercules Borrower LLC Revolver 0.50 2,045 — Hoosier Intermediate, LLC Revolver 0.50 2,400 (187) HS Spa Holdings Inc. Revolver 0.50 1,079 (7) iCIMS, Inc. Delayed Draw 0.00 6,057 (14) iCIMS, Inc. Revolver 0.50 2,040 (5) IQN Holding Corp. Delayed Draw 1.00 395 2 IQN Holding Corp. Revolver 0.50 489 3 Jeg's Automotive, LLC Delayed Draw 1.00 3,333 (494) Kaseya, Inc. Delayed Draw 1.00 1,076 (6) Kaseya, Inc. Revolver 0.50 1,541 (8) Lifelong Learner Holdings, LLC Revolver 0.50 4 — LVF Holdings, Inc. Revolver 0.50 2,919 (47) Material Holdings, LLC Delayed Draw 0.00 881 (45) Material Holdings, LLC Revolver 1.00 652 (33) Medical Manufacturing Technologies, LLC Revolver 0.50 331 (3) NEFCO Holding Company LLC Delayed Draw 1.00 739 — NEFCO Holding Company LLC Revolver 0.50 865 — North Haven Fairway Buyer, LLC Delayed Draw 0.50 7,315 (156) North Haven Fairway Buyer, LLC Revolver 0.50 1,269 (27) North Haven Stallone Buyer, LLC Delayed Draw 1.00 87 (1) Oak Purchaser, Inc. Delayed Draw 0.50 1,354 (37) Oak Purchaser, Inc. Revolver 0.50 584 (16) Oranje Holdco, Inc. Revolver 0.50 503 2 Pestco Intermediate, LLC Delayed Draw 2.00 694 (12) Investments—non-controlled/non-affiliated Type Unused Fee Par/Principal Amount** Fair Value PF Atlantic Holdco 2, LLC Delayed Draw 1.00 % $ 7,448 $ (15) PF Atlantic Holdco 2, LLC Revolver 0.50 1,241 (3) Prophix Software Inc. (Canada) Delayed Draw 0.00 505 — Prophix Software Inc. (Canada) Revolver 0.50 2,658 — Pushpay USA Inc. Revolver 0.50 617 (7) PXO Holdings I Corp. Delayed Draw 1.00 443 (11) PXO Holdings I Corp. Revolver 0.50 657 (16) QNNECT, LLC Delayed Draw 1.00 662 8 Pestco Intermediate, LLC Revolver 0.50 119 (2) Radwell Parent, LLC Revolver 0.38 279 1 RSC Acquisition, Inc. Revolver 0.50 1,096 (8) Sapphire Convention, Inc. Revolver 0.50 4,188 (13) SCP Eye Care HoldCo, LLC Delayed Draw 1.00 21 — SCP Eye Care HoldCo, LLC Revolver 0.50 9 — Smarsh Inc. Delayed Draw 1.00 408 (4) Smarsh Inc. Revolver 0.50 204 (2) Spotless Brands, LLC Delayed Draw 1.00 20,000 123 Spotless Brands, LLC Revolver 0.50 1,096 (3) Summit Acquisition, Inc. Delayed Draw 1.00 687 (6) Summit Acquisition, Inc. Revolver 0.50 344 (3) Tank Holding Corp. Revolver 0.38 179 (5) The Carlstar Group LLC Revolver 0.50 3,657 20 Trader Corporation (Canada) Revolver 0.50 C$ 91 1 Tufin Software North America, Inc. Delayed Draw 0.00 324 (7) Tufin Software North America, Inc. Revolver 0.50 1,339 (28) Turbo Buyer, Inc. Revolver 0.50 2,151 (26) U.S. Legal Support, Inc. Revolver 0.50 638 (8) Wineshipping.com LLC Delayed Draw 1.00 1,609 (85) Wineshipping.com LLC Revolver 0.50 477 (25) Total unfunded commitments $ 147,717 $ (2,358) Investments—non-controlled/non-affiliated Type Unused Fee Par/ Principal Amount** Fair Value First and Second Lien Debt—unfunded delayed draw and revolving term loans commitments ADPD Holdings, LLC Delayed Draw 0.50 % $ 6,666 $ (164) ADPD Holdings, LLC Revolver 0.50 1,243 (31) Advanced Web Technologies Holding Company Delayed Draw 1.00 1,000 (10) Advanced Web Technologies Holding Company Revolver 0.50 1,708 (17) Airnov, Inc. Revolver 0.50 2,292 (13) Alpine Acquisition Corp II Revolver 0.50 3,447 (128) American Physician Partners, LLC Delayed Draw 1.00 1,673 (33) Analogic Corporation Revolver 0.50 294 (7) Applied Technical Services, LLC Revolver 0.50 37 — Investments—non-controlled/non-affiliated Type Unused Fee Par/ Principal Amount** Fair Value Appriss Health, LLC Revolver 0.50 % $ 2,963 $ (114) Apptio, Inc. Revolver 0.50 947 — Ascend Buyer, LLC Revolver 0.50 1,284 (23) Associations, Inc. Revolver 0.50 723 (21) Atlas AU Bidco Pty Ltd (Australia) Revolver 0.50 134 (4) Avalara, Inc. Revolver 0.50 1,350 (41) Blackbird Purchaser, Inc. Delayed Draw 1.00 3,065 (176) BlueCat Networks, Inc. (Canada) Delayed Draw 0.50 1,619 (45) BlueCat Networks, Inc. (Canada) Delayed Draw 0.50 958 (27) Bradyifs Holdings, LLC Revolver 0.50 2,539 (26) Bubbles Bidco S.P.A. (Italy) Delayed Draw 2.80 € 873 — Bubbles Bidco S.P.A. (Italy) Revolver 0.00 € 537 — Celerion Buyer, Inc. Delayed Draw 1.00 249 (6) Celerion Buyer, Inc. Revolver 0.50 125 (3) Chartis Holding, LLC Revolver 0.50 2,401 (16) Chemical Computing Group ULC (Canada) Revolver 0.50 903 (13) Comar Holding Company, LLC Revolver 0.50 1,467 (49) Cority Software Inc. (Canada) Revolver 0.50 3,000 (29) CPI Intermediate Holdings, Inc. Delayed Draw 0.00 927 (19) CST Holding Company Revolver 0.50 212 (6) DCA Investment Holding LLC Delayed Draw 1.00 111 (6) Denali Midco 2, LLC Delayed Draw 1.00 2,286 (87) Diligent Corporation Revolver 0.50 33 (1) Dwyer Instruments, Inc. Delayed Draw 1.00 161 (2) Dwyer Instruments, Inc. Revolver 0.50 994 (15) Eliassen Group, LLC Delayed Draw 1.00 3,310 (38) Ellkay, LLC Revolver 0.50 1,786 (64) EPS Nass Parent, Inc. Delayed Draw 1.00 37 (2) EPS Nass Parent, Inc. Revolver 0.50 30 (1) Excel Fitness Holdings, Inc. Revolver 0.50 438 (20) Excelitas Technologies Corp. Delayed Draw 0.50 303 (11) Excelitas Technologies Corp. Revolver 0.50 320 (12) FPG Intermediate Holdco, LLC Delayed Draw 1.00 7,946 (347) Greenhouse Software, Inc. Revolver 0.50 1,471 (54) Greenhouse Software, Inc. Revolver 0.50 733 (27) Hadrian Acquisition Limited (United Kingdom) Delayed Draw 2.33 £ 1,043 (19) Harbour Benefit Holdings, Inc. Revolver 0.50 1,219 (7) Investments—non-controlled/non-affiliated Type Unused Fee Par/ Principal Amount** Fair Value Heartland Home Services, Inc. Delayed Draw 0.75 % $ 1,259 $ (22) Heartland Home Services, Inc. Revolver 0.50 2,780 (27) Hercules Borrower LLC Revolver 0.50 1,929 (64) Hoosier Intermediate, LLC Revolver 0.50 1,600 (87) HS Spa Holdings Inc. Revolver 0.50 1,235 (34) iCIMS, Inc. Delayed Draw 0.00 6,831 (249) iCIMS, Inc. Revolver 0.50 2,449 (89) IQN Holding Corp. Delayed Draw 1.00 696 (11) IQN Holding Corp. Revolver 0.50 489 (8) Jeg's Automotive, LLC Delayed Draw 1.00 3,333 (201) K2 Insurance Services, LLC Revolver 0.50 2,290 (22) Kaseya, Inc. Delayed Draw 0.50 1,146 (33) Kaseya, Inc. Revolver 0.50 2,054 (60) Lifelong Learner Holdings, LLC Revolver 0.50 4 — Liqui-Box Holdings, Inc. Revolver 0.50 596 — LVF Holdings, Inc. Delayed Draw 1.00 4,670 (254) LVF Holdings, Inc. Revolver 0.50 992 (54) Material Holdings, LLC Delayed Draw 0.00 977 (44) Material Holdings, LLC Revolver 1.00 499 (22) Medical Manufacturing Technologies, LLC Delayed Draw 1.00 413 (8) Medical Manufacturing Technologies, LLC Revolver 0.50 723 (14) NEFCO Holding Company LLC Delayed Draw 1.00 760 (15) NEFCO Holding Company LLC Delayed Draw 1.00 1,106 (22) NEFCO Holding Company LLC Revolver 0.50 1,527 (30) North Haven Fairway Buyer, LLC Delayed Draw 0.50 82 (1) North Haven Fairway Buyer, LLC Delayed Draw 0.50 11,162 (201) North Haven Fairway Buyer, LLC Revolver 0.50 1,269 (23) North Haven Stallone Buyer, LLC Delayed Draw 1.00 200 (4) Oak Purchaser, Inc. Delayed Draw 0.50 1,623 (38) Oak Purchaser, Inc. Revolver 0.50 584 (14) PF Atlantic Holdco 2, LLC Delayed Draw 1.00 7,448 (130) PF Atlantic Holdco 2, LLC Revolver 0.50 2,759 (48) Prophix Software Inc. (Canada) Revolver 0.50 2,658 — PXO Holdings I Corp. Delayed Draw 1.00 443 (8) PXO Holdings I Corp. Revolver 0.50 657 (12) QNNECT, LLC Delayed Draw 1.00 693 (21) Quantic Electronics, LLC Delayed Draw 1.00 2,126 (109) Investments—non-controlled/non-affiliated Type Unused Fee Par/ Principal Amount** Fair Value Quantic Electronics, LLC Revolver 0.50 % $ 276 $ (14) Radwell Parent, LLC Revolver 0.38 349 (10) RSC Acquisition, Inc. Revolver 0.50 1,096 (50) Sapphire Convention, Inc. Revolver 0.50 4,188 (92) SCP Eye Care HoldCo, LLC Delayed Draw 1.00 39 (1) SCP Eye Care HoldCo, LLC Revolver 0.50 17 — Smarsh Inc. Delayed Draw 1.00 408 (17) Smarsh Inc. Revolver 0.50 204 (9) Spotless Brands, LLC Revolver 0.50 1,096 (33) Tank Holding Corp. Revolver 0.38 690 (18) The Carlstar Group LLC Revolver 0.50 3,657 (48) Trader Corporation (Canada) Revolver 0.50 C$ 91 (3) Trafigura Trading LLC Revolver 0.50 388 (3) Tufin Software North America, Inc. Delayed Draw 0.00 115 (4) Tufin Software North America, Inc. Revolver 0.50 1,339 (41) Turbo Buyer, Inc. Revolver 0.50 2,151 (38) U.S. Legal Support, Inc. Revolver 0.50 638 (12) Wineshipping.com LLC Delayed Draw 1.00 1,609 (127) Wineshipping.com LLC Revolver 0.50 1,509 (120) Total unfunded commitments $ 159,074 $ (4,353) |
CONSOLIDATED SCHEDULE OF INVE_2
CONSOLIDATED SCHEDULE OF INVESTMENTS (Parenthetical) € in Thousands, £ in Thousands, $ in Thousands, $ in Thousands | 9 Months Ended | 12 Months Ended | ||||||||
Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | Sep. 30, 2023 GBP (£) | Sep. 30, 2023 CAD ($) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 CAD ($) | Dec. 31, 2022 EUR (€) | ||||
Schedule of Investments [Line Items] | ||||||||||
Interest rate floor | 1% | 1% | 1% | 1% | ||||||
Implied discount rate | 12.89% | 12.89% | 12.89% | 12.89% | ||||||
Unfunded commitments, principal amount | $ 147,717 | $ 159,074 | ||||||||
Unfunded commitments, fair value | (2,358) | (4,353) | ||||||||
Amortized cost | 1,912,035 | [1] | 2,139,784 | |||||||
Fair value | $ 1,833,008 | [1],[2] | $ 2,090,871 | [3] | ||||||
Investments at fair value | Investment type concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 100% | 100% | ||||||||
Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 100% | 100% | ||||||||
Investments at fair value | Geographic concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 100% | 100% | ||||||||
30-day LIBOR | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Investment, reference rate | 4.39% | 4.39% | 4.39% | 4.39% | ||||||
90-day LIBOR | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Investment, reference rate | 4.77% | 4.77% | 4.77% | 4.77% | ||||||
180-day LIBOR | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Investment, reference rate | 5.14% | 5.14% | 5.14% | 5.14% | ||||||
30-day SOFR | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Investment, reference rate | 5.32% | 4.36% | 5.32% | 5.32% | 4.36% | 4.36% | 4.36% | |||
90-day SOFR | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Investment, reference rate | 5.40% | 4.59% | 5.40% | 5.40% | 4.59% | 4.59% | 4.59% | |||
180-day SOFR | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Investment, reference rate | 5.47% | 5.47% | 5.47% | |||||||
Daily SONIA | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Investment, reference rate | 5.19% | 3.43% | 5.19% | 5.19% | 3.43% | 3.43% | 3.43% | |||
90-day EURIBOR | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Investment, reference rate | 3.95% | 3.95% | 3.95% | |||||||
30-day CDOR | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Investment, reference rate | 5.51% | 5.51% | 5.51% | |||||||
Minimum | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Interest rate floor | 0.50% | 0.50% | 0.50% | |||||||
Minimum | Credit spread | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Investment, measurement input | 0.0043 | 0.0010 | 0.0043 | 0.0043 | 0.0010 | 0.0010 | 0.0010 | |||
Maximum | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Interest rate floor | 3% | 3% | 3% | |||||||
Maximum | Credit spread | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Investment, measurement input | 0.0010 | 0.0026 | 0.0010 | 0.0010 | 0.0026 | 0.0026 | 0.0026 | |||
Australia | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 1,402 | $ 1,398 | ||||||||
Fair value | $ 1,461 | $ 1,398 | ||||||||
Australia | Investments at fair value | Geographic concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 0.10% | 0.10% | ||||||||
Canada | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 111,834 | $ 111,536 | ||||||||
Fair value | $ 112,825 | $ 111,939 | ||||||||
Canada | Investments at fair value | Geographic concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 6.20% | 5.40% | ||||||||
Cyprus | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 26,267 | |||||||||
Fair value | $ 27,946 | |||||||||
Cyprus | Investments at fair value | Geographic concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 1.30% | |||||||||
Italy | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 5,815 | |||||||||
Fair value | $ 5,465 | |||||||||
Italy | Investments at fair value | Geographic concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 0.30% | |||||||||
Luxembourg | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 75,133 | $ 75,107 | ||||||||
Fair value | $ 69,476 | $ 69,170 | ||||||||
Luxembourg | Investments at fair value | Geographic concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 3.80% | 3.30% | ||||||||
Sweden | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 1,168 | $ 1,168 | ||||||||
Fair value | $ 187 | $ 382 | ||||||||
Sweden | Investments at fair value | Geographic concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 0% | 0% | ||||||||
United Kingdom | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 67,235 | $ 66,270 | ||||||||
Fair value | $ 64,010 | $ 64,277 | ||||||||
United Kingdom | Investments at fair value | Geographic concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 3.50% | 3.10% | ||||||||
United States | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 1,655,263 | $ 1,852,223 | ||||||||
Fair value | $ 1,585,049 | $ 1,810,294 | ||||||||
United States | Investments at fair value | Geographic concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 86.40% | 86.50% | ||||||||
Debt securities | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 1,844,295 | $ 2,071,751 | ||||||||
Fair value | $ 1,763,068 | $ 2,016,707 | ||||||||
Debt securities | Investments at fair value | Interest rate type concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 100% | 100% | ||||||||
First Lien Debt | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 1,609,187 | [1],[4] | $ 1,802,253 | [5] | ||||||
Fair value | $ 1,531,433 | [1],[2] | $ 1,755,773 | [3] | ||||||
First Lien Debt | Investments at fair value | Investment type concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 83.60% | 84% | ||||||||
Second Lien Debt | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 235,108 | [1],[4] | $ 269,498 | [5] | ||||||
Fair value | $ 231,635 | [1],[2] | $ 260,934 | [3] | ||||||
Second Lien Debt | Investments at fair value | Investment type concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 12.60% | 12.50% | ||||||||
Equity Investments | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Restricted investments, fair value | $ 69,940 | $ 74,164 | ||||||||
Restricted investments, percent of net assets | 6.48% | 6.44% | 6.48% | 6.48% | 6.44% | 6.44% | 6.44% | |||
Amortized cost | $ 67,740 | [1] | $ 68,033 | |||||||
Fair value | $ 69,940 | [1],[2] | $ 74,164 | [3] | ||||||
Equity Investments | Investments at fair value | Investment type concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 3.80% | 3.50% | ||||||||
Floating Rate | Debt securities | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 1,821,569 | $ 2,024,487 | ||||||||
Fair value | $ 1,740,051 | $ 1,969,983 | ||||||||
Floating Rate | Debt securities | Investments at fair value | Interest rate type concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 98.70% | 97.70% | ||||||||
Fixed Rate | Debt securities | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 22,726 | $ 47,264 | ||||||||
Fair value | $ 23,017 | $ 46,724 | ||||||||
Fixed Rate | Debt securities | Investments at fair value | Interest rate type concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 1.30% | 2.30% | ||||||||
Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 137,977 | $ 173,169 | ||||||||
Fair value | $ 128,787 | $ 162,374 | ||||||||
Aerospace & Defense | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 7% | 7.80% | ||||||||
Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 110,735 | $ 113,988 | ||||||||
Fair value | $ 109,508 | $ 114,594 | ||||||||
Automotive | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 6% | 5.50% | ||||||||
Beverage & Food | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 79,005 | $ 106,335 | ||||||||
Fair value | $ 74,777 | $ 102,424 | ||||||||
Beverage & Food | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 4.10% | 4.90% | ||||||||
Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 205,236 | $ 203,998 | ||||||||
Fair value | $ 203,121 | $ 200,407 | ||||||||
Business Services | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 11.10% | 9.60% | ||||||||
Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 63,766 | $ 91,940 | ||||||||
Fair value | $ 66,922 | $ 92,821 | ||||||||
Capital Equipment | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 3.70% | 4.40% | ||||||||
Chemicals, Plastics & Rubber | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 80,424 | $ 79,503 | ||||||||
Fair value | $ 77,575 | $ 78,451 | ||||||||
Chemicals, Plastics & Rubber | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 4.20% | 3.80% | ||||||||
Construction & Building | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 54,606 | $ 52,781 | ||||||||
Fair value | $ 54,495 | $ 52,379 | ||||||||
Construction & Building | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 3% | 2.50% | ||||||||
Consumer Goods: Durable | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 5,343 | $ 437 | ||||||||
Fair value | $ 5,676 | $ 427 | ||||||||
Consumer Goods: Durable | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 0.30% | 0% | ||||||||
Consumer Goods: Non-Durable | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 2,402 | $ 8,251 | ||||||||
Fair value | $ 2,485 | $ 7,899 | ||||||||
Consumer Goods: Non-Durable | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 0.10% | 0.40% | ||||||||
Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 125,409 | $ 139,784 | ||||||||
Fair value | $ 123,367 | $ 137,565 | ||||||||
Consumer Services | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 6.70% | 6.60% | ||||||||
Containers, Packaging & Glass | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 76,469 | $ 100,587 | ||||||||
Fair value | $ 68,195 | $ 98,526 | ||||||||
Containers, Packaging & Glass | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 3.70% | 4.70% | ||||||||
Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 118,521 | $ 150,561 | ||||||||
Fair value | $ 118,244 | $ 148,508 | ||||||||
Diversified Financial Services | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 6.50% | 7.10% | ||||||||
Energy: Oil & Gas | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 34,333 | $ 32,722 | ||||||||
Fair value | $ 34,433 | $ 33,003 | ||||||||
Energy: Oil & Gas | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 1.90% | 1.60% | ||||||||
Environmental Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 75,219 | $ 74,152 | ||||||||
Fair value | $ 72,229 | $ 71,614 | ||||||||
Environmental Industries | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 3.90% | 3.40% | ||||||||
Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 177,423 | $ 173,512 | ||||||||
Fair value | $ 134,376 | $ 166,460 | ||||||||
Healthcare & Pharmaceuticals | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 7.30% | 8% | ||||||||
High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 65,404 | $ 63,742 | ||||||||
Fair value | $ 65,185 | $ 62,262 | ||||||||
High Tech Industries | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 3.60% | 3% | ||||||||
Leisure Products & Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 139,595 | $ 141,213 | ||||||||
Fair value | $ 131,823 | $ 131,953 | ||||||||
Leisure Products & Services | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 7.20% | 6.30% | ||||||||
Media: Advertising, Printing & Publishing | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 9,759 | $ 39,529 | ||||||||
Fair value | $ 9,914 | $ 39,520 | ||||||||
Media: Advertising, Printing & Publishing | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 0.50% | 1.90% | ||||||||
Metals & Mining | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 8,076 | |||||||||
Fair value | $ 8,185 | |||||||||
Metals & Mining | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 0.40% | |||||||||
Retail | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 30,006 | $ 31,290 | ||||||||
Fair value | $ 30,419 | $ 30,796 | ||||||||
Retail | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 1.70% | 1.50% | ||||||||
Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 241,561 | $ 276,758 | ||||||||
Fair value | $ 242,607 | $ 273,752 | ||||||||
Software | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 13.20% | 13.10% | ||||||||
Sovereign & Public Finance | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 182 | $ 182 | ||||||||
Fair value | $ 601 | $ 623 | ||||||||
Sovereign & Public Finance | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 0% | 0% | ||||||||
Telecommunications | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 32,060 | $ 32,208 | ||||||||
Fair value | $ 32,175 | $ 31,747 | ||||||||
Telecommunications | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 1.80% | 1.50% | ||||||||
Transportation: Cargo | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 21,756 | $ 20,467 | ||||||||
Fair value | $ 20,985 | $ 19,988 | ||||||||
Transportation: Cargo | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 1.10% | 0.90% | ||||||||
Utilities: Electric | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 922 | $ 906 | ||||||||
Fair value | $ 917 | $ 877 | ||||||||
Utilities: Electric | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 0.10% | 0% | ||||||||
Wholesale | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 23,922 | $ 23,693 | ||||||||
Fair value | $ 24,192 | $ 23,716 | ||||||||
Wholesale | Investments at fair value | Industry concentration | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Concentration risk percentage | 1.30% | 1.10% | ||||||||
Investment, Identifier [Axis]: Equity Investments, ANLG Holdings, LLC, Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | $ 592 | [6],[7] | $ 592 | [8],[9] | ||||||
Fair value | 991 | [2],[6],[7] | 675 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Appriss Health, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 544 | [6],[7] | 500 | [8],[9] | ||||||
Fair value | 527 | [2],[6],[7] | 482 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Atlas Ontario LP (Canada), Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 5,114 | [6],[7],[10] | 5,114 | [8],[9],[11] | ||||||
Fair value | 5,114 | [2],[6],[7],[10] | 5,114 | [3],[8],[9],[11] | ||||||
Investment, Identifier [Axis]: Equity Investments, Avenu Holdings, LLC, Sovereign & Public Finance | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 104 | [6],[7] | 104 | [8],[9] | ||||||
Fair value | 522 | [2],[6],[7] | 545 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Blackbird Holdco, Inc., Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 7,951 | [6],[7] | 7,206 | [8],[9] | ||||||
Fair value | 7,780 | [2],[6],[7] | 6,807 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Buckeye Parent, LLC, Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 442 | [6],[7] | 442 | [8],[9] | ||||||
Fair value | 17 | [2],[6],[7] | 288 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Chartis Holding, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 421 | [6],[7] | 428 | [8],[9] | ||||||
Fair value | 607 | [2],[6],[7] | 595 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Cority Software Inc. (Canada), Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 250 | [6],[7],[10] | 250 | [8],[9],[11] | ||||||
Fair value | 659 | [2],[6],[7],[10] | 641 | [3],[8],[9],[11] | ||||||
Investment, Identifier [Axis]: Equity Investments, ECP Parent, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 0 | [6],[7] | 0 | [8],[9] | ||||||
Fair value | 290 | [2],[6],[7] | 290 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, GB Vino Parent, L.P., Beverage & Food | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 351 | [6],[7] | 351 | [8],[9] | ||||||
Fair value | 293 | [2],[6],[7] | 249 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Integrity Marketing Group, LLC, Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 17,876 | [6],[7] | 16,472 | [8],[9] | ||||||
Fair value | 17,519 | [2],[6],[7] | 16,597 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, K2 Insurance Services, LLC, Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [8],[9] | 306 | ||||||||
Fair value | [3],[8],[9] | 867 | ||||||||
Investment, Identifier [Axis]: Equity Investments, NEFCO Holding Company LLC, Construction & Building | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 608 | [6],[7] | 628 | [8],[9] | ||||||
Fair value | 608 | [2],[6],[7] | 628 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, NearU Holdings LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 2,470 | [6],[7] | 2,470 | [8],[9] | ||||||
Fair value | 1,582 | [2],[6],[7] | 2,470 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, North Haven Goldfinch Topco, LLC, Containers, Packaging & Glass | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 2,315 | [6],[7] | 2,315 | [8],[9] | ||||||
Fair value | 0 | [2],[6],[7] | 1,300 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Pascal Ultimate Holdings, L.P, Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 364 | [6],[7] | 364 | [8],[9] | ||||||
Fair value | 859 | [2],[6],[7] | 850 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Picard Parent, Inc., High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 7,420 | [6],[7] | 8,526 | [8],[9] | ||||||
Fair value | 7,607 | [2],[6],[7] | 8,520 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Profile Holdings I, LP, Chemicals, Plastics & Rubber | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 262 | [6],[7] | 262 | [8],[9] | ||||||
Fair value | 226 | [2],[6],[7] | 336 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Sinch AB (Sweden), High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 1,168 | [6],[7],[10] | 1,168 | [8],[9],[11] | ||||||
Fair value | 187 | [2],[6],[7],[10] | 382 | [3],[8],[9],[11] | ||||||
Investment, Identifier [Axis]: Equity Investments, Summit K2 Midco, Inc., Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [6],[7] | 61 | ||||||||
Fair value | [2],[6],[7] | 62 | ||||||||
Investment, Identifier [Axis]: Equity Investments, Talon MidCo 1 Limited, Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 1,456 | [6],[7] | 1,456 | [8],[9] | ||||||
Fair value | 1,740 | [2],[6],[7] | 1,611 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Tank Holding Corp., Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 0 | [6],[7] | 0 | [8],[9] | ||||||
Fair value | 2,364 | [2],[6],[7] | 2,687 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Titan DI Preferred Holdings, Inc., Energy: Oil & Gas | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 15,994 | [6],[7] | 14,439 | [8],[9] | ||||||
Fair value | 15,833 | [2],[6],[7] | 14,263 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Turbo Buyer, Inc., Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 933 | [6],[7] | 933 | [8],[9] | ||||||
Fair value | 2,226 | [2],[6],[7] | 2,307 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, U.S. Legal Support Investment Holdings, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 641 | [6],[7] | 641 | [8],[9] | ||||||
Fair value | 698 | [2],[6],[7] | 551 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Unifrutti Financing PLC (Cyprus), Beverage & Food 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [8],[9],[11] | 2,131 | ||||||||
Fair value | [3],[8],[9],[11] | 2,816 | ||||||||
Investment, Identifier [Axis]: Equity Investments, Unifrutti Financing PLC (Cyprus), Beverage & Food 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [8],[9],[11] | 532 | ||||||||
Fair value | [3],[8],[9],[11] | 1,227 | ||||||||
Investment, Identifier [Axis]: Equity Investments, W50 Parent LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 190 | [6],[7] | 190 | [8],[9] | ||||||
Fair value | 1,175 | [2],[6],[7] | 698 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: Equity Investments, Zenith American Holding, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 213 | [6],[7] | 213 | [8],[9] | ||||||
Fair value | 454 | [2],[6],[7] | 368 | [3],[8],[9] | ||||||
Investment, Identifier [Axis]: First Lien Debt, ADPD Holdings, LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16],[17] | 19,826 | ||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16],[17] | 18,088 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Advanced Web Technologies Holding Company, Containers, Packaging & Glass | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 16,488 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16] | 16,663 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Advanced Web Technologies Holding Company, Containers, Packaging & Glass 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 962 | ||||||||
Fair value | [2],[6],[12],[16],[17] | 1,000 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Advanced Web Technologies Holding Company, Containers, Packaging & Glass 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[16] | 983 | ||||||||
Fair value | [2],[6],[12],[16] | 1,001 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Alpine Acquisition Corp II, Transportation: Cargo | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16],[17] | 21,756 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16],[17] | 20,985 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, American Physician Partners, LLC, Healthcare & Pharmaceuticals 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[16],[17],[18],[19] | 3,233 | ||||||||
Fair value | [2],[6],[12],[16],[17],[18],[19] | 0 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, American Physician Partners, LLC, Healthcare & Pharmaceuticals 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17],[18],[19] | 41,136 | ||||||||
Fair value | [2],[12],[14],[15],[16],[17],[18],[19] | 0 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Apex Companies Holdings, LLC, Environmental Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 3,237 | ||||||||
Fair value | [2],[12],[13],[14],[16] | 3,311 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Applied Technical Services, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[16],[17] | 758 | ||||||||
Fair value | [2],[6],[12],[13],[16],[17] | 777 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Appriss Health, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16],[17] | 43,488 | ||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16],[17] | 43,702 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Ascend Buyer, LLC, Containers, Packaging & Glass | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 12,194 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 12,211 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Associations, Inc., Construction & Building | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[16],[17] | 13,010 | ||||||||
Fair value | [2],[6],[12],[13],[14],[16],[17] | 13,096 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Atlas AU Bidco Pty Ltd (Australia), High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[10],[12],[13],[16] | 1,402 | ||||||||
Fair value | [2],[6],[10],[12],[13],[16] | 1,461 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Aurora Lux FinCo S.Á.R.L. (Luxembourg), Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[10],[12],[14],[15],[16],[17] | 35,798 | ||||||||
Fair value | [2],[10],[12],[14],[15],[16],[17] | 34,761 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Avalara, Inc., Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16] | 13,174 | ||||||||
Fair value | [2],[12],[13],[14],[15],[16] | 13,723 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, BMS Holdings III Corp., Construction & Building | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[15],[16] | 28,477 | ||||||||
Fair value | [2],[12],[14],[15],[16] | 28,042 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Barnes & Noble, Inc., Retail | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17],[20] | 26,147 | ||||||||
Fair value | [2],[12],[14],[15],[16],[17],[20] | 26,581 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, BlueCat Networks, Inc. (Canada), High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[10],[12],[13],[15],[16] | 14,474 | ||||||||
Fair value | [2],[6],[10],[12],[13],[15],[16] | 14,509 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Bradyifs Holdings, LLC, Wholesale | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 19,370 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 19,490 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, CD&R Madison Parent Ltd (United Kingdom), Business Services 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[10],[12] | 125 | ||||||||
Fair value | [2],[6],[10],[12] | 130 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, CD&R Madison Parent Ltd (United Kingdom), Business Services 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[10],[12],[13] | 286 | ||||||||
Fair value | [2],[6],[10],[12],[13] | 305 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, CPI Intermediate Holdings, Inc., Telecommunications | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 3,778 | ||||||||
Fair value | [2],[12],[13],[14],[16] | 3,789 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, CST Holding Company, Consumer Goods: Non-Durable | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 2,402 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 2,485 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Celerion Buyer, Inc., Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 1,520 | ||||||||
Fair value | [2],[12],[13],[14],[16] | 1,584 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Chartis Holding, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16],[17] | 38,727 | ||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16],[17] | 38,885 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Chemical Computing Group ULC (Canada), Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[10],[12],[13],[15],[16],[17] | 11,892 | ||||||||
Fair value | [2],[6],[10],[12],[13],[15],[16],[17] | 11,849 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, CircusTrix Holdings, LLC, Leisure Products & Services 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 8,145 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16] | 8,137 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Comar Holding Company, LLC, Containers, Packaging & Glass | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17] | 43,527 | ||||||||
Fair value | [2],[12],[14],[15],[16],[17] | 37,320 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, CoreWeave Compute Acquisition Co. II, LLC, High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[16] | 55 | ||||||||
Fair value | [2],[6],[12],[13],[16] | 54 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Cority Software Inc. (Canada), Software 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[10],[12],[13],[14],[15],[16] | 54,671 | ||||||||
Fair value | [2],[6],[10],[12],[13],[14],[15],[16] | 55,009 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Cority Software Inc. (Canada), Software 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[10],[12],[14],[16] | 1,815 | ||||||||
Fair value | [2],[10],[12],[14],[16] | 1,842 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Coupa Holdings, LLC, Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 2,101 | ||||||||
Fair value | [2],[12],[13],[14],[16] | 2,210 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, DCA Investment Holding LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[16] | 11,993 | ||||||||
Fair value | [2],[12],[15],[16] | 11,939 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Denali Midco 2, LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 8,796 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 8,840 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Dermatology Associates, Healthcare & Pharmaceuticals 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 9,931 | ||||||||
Fair value | [2],[6],[12],[16],[17] | 9,920 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Dermatology Associates, Healthcare & Pharmaceuticals 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[16],[19],[20] | 6,106 | ||||||||
Fair value | [2],[6],[12],[16],[19],[20] | 8,855 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Diligent Corporation, Telecommunications | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[16],[17] | 650 | ||||||||
Fair value | [2],[6],[12],[13],[16],[17] | 650 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Dwyer Instruments, Inc., Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 13,583 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 13,790 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, EPS Nass Parent, Inc., Utilities: Electric | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 922 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 917 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Eliassen Group, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 21,152 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16] | 21,344 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Ellkay, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 13,775 | ||||||||
Fair value | [2],[12],[13],[14],[16] | 12,901 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Excel Fitness Holdings, Inc., Leisure Products & Services 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[16],[17] | 6,054 | ||||||||
Fair value | [2],[6],[12],[13],[14],[16],[17] | 6,045 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Excel Fitness Holdings, Inc., Leisure Products & Services 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 2,772 | ||||||||
Fair value | [2],[12],[14],[16],[17] | 2,846 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Excelitas Technologies Corp., Capital Equipment 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16],[17] | 6,307 | ||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16],[17] | 6,352 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Excelitas Technologies Corp., Capital Equipment 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15] | 2,553 | ||||||||
Fair value | [2],[12],[15] | 2,648 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, FPG Intermediate Holdco, LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[16],[17] | 591 | ||||||||
Fair value | [2],[6],[12],[13],[16],[17] | 616 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Greenhouse Software, Inc., Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16] | 32,138 | ||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16] | 32,544 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Guidehouse LLP, Sovereign & Public Finance | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 78 | ||||||||
Fair value | [2],[6],[12],[16],[17] | 79 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, HS Spa Holdings Inc., Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 8,530 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16] | 8,630 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Hadrian Acquisition Limited (United Kingdom), Diversified Financial Services 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[10],[12],[15],[16] | 9,809 | ||||||||
Fair value | [2],[10],[12],[15],[16] | 9,117 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Hadrian Acquisition Limited (United Kingdom), Diversified Financial Services 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[10],[12],[13],[15],[16] | 2,257 | ||||||||
Fair value | [2],[10],[12],[13],[15],[16] | 2,354 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Harbour Benefit Holdings, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16] | 8,171 | ||||||||
Fair value | [2],[12],[13],[14],[15],[16] | 8,120 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Heartland Home Services, Inc., Consumer Services 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 3,986 | ||||||||
Fair value | [2],[12],[14],[16],[17] | 3,932 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Heartland Home Services, Inc., Consumer Services 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16],[17] | 30,985 | ||||||||
Fair value | [2],[12],[13],[14],[15],[16],[17] | 30,905 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Hercules Borrower LLC, Environmental Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16],[17] | 17,942 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16],[17] | 18,242 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Hoosier Intermediate, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[16] | 15,943 | ||||||||
Fair value | [2],[6],[12],[13],[14],[16] | 14,784 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, IQN Holding Corp., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 6,858 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16] | 6,964 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Infront Luxembourg Finance S.À R.L. (Luxembourg), Leisure Products & Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[10],[12],[14],[15] | 39,335 | ||||||||
Fair value | [2],[10],[12],[14],[15] | 34,715 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Integrity Marketing Acquisition, LLC, Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17] | 31,757 | ||||||||
Fair value | [2],[12],[14],[15],[16],[17] | 31,575 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Jeg's Automotive, LLC, Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 16,115 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 13,486 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Kaseya, Inc., High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[15],[16] | 35,453 | ||||||||
Fair value | [2],[12],[13],[15],[16] | 35,908 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, LVF Holdings, Inc., Beverage & Food | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16],[17] | 38,505 | ||||||||
Fair value | [2],[12],[13],[14],[15],[16],[17] | 38,394 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Lifelong Learner Holdings, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16] | 51,055 | ||||||||
Fair value | [2],[12],[13],[14],[15],[16] | 47,607 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, LinQuest Corporation, Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 9,653 | ||||||||
Fair value | [2],[12],[14],[16],[17] | 9,209 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Material Holdings, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 15,565 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 14,924 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Maverick Acquisition, Inc., Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[15],[16] | 42,614 | ||||||||
Fair value | [2],[12],[14],[15],[16] | 33,243 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Medical Manufacturing Technologies, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 14,917 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 15,028 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, NEFCO Holding Company LLC, Construction & Building | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16],[17] | 12,511 | ||||||||
Fair value | [2],[12],[13],[14],[15],[16],[17] | 12,749 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, North Haven Fairway Buyer, LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16] | 14,833 | ||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16] | 14,833 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, North Haven Stallone Buyer, LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[16] | 109 | ||||||||
Fair value | [2],[6],[12],[13],[16] | 111 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Oak Purchaser, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 6,056 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16] | 5,899 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Oranje Holdco, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[15],[16] | 3,922 | ||||||||
Fair value | [2],[12],[13],[15],[16] | 4,041 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, PF Atlantic Holdco 2, LLC, Leisure Products & Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 30,235 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 30,727 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, PF Growth Partners, LLC, Leisure Products & Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17] | 6,310 | ||||||||
Fair value | [2],[12],[14],[15],[16],[17] | 6,301 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, PXO Holdings I Corp., Chemicals, Plastics & Rubber | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16],[17] | 8,320 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16],[17] | 8,231 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Performance Health Holdings, Inc., Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 6,356 | ||||||||
Fair value | [2],[12],[14],[16],[17] | 6,369 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Pestco Intermediate, LLC, Environmental Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 1,772 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 1,797 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Prophix Software Inc. (Canada), Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[10],[12],[13],[15],[16] | 14,418 | ||||||||
Fair value | [2],[6],[10],[12],[13],[15],[16] | 14,618 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Pushpay USA Inc., Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 7,775 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 7,922 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, QNNECT, LLC, Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 2,568 | ||||||||
Fair value | [2],[12],[13],[14],[16] | 2,696 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Quantic Electronics, LLC, Aerospace & Defense 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 15,550 | ||||||||
Fair value | [2],[12],[14],[16],[17] | 15,335 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Quantic Electronics, LLC, Aerospace & Defense 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 9,626 | ||||||||
Fair value | [2],[12],[14],[16],[17] | 9,494 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, RSC Acquisition, Inc., Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16],[17] | 32,950 | ||||||||
Fair value | [2],[12],[13],[14],[15],[16],[17] | 33,032 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Radwell Parent, LLC, Wholesale | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 4,552 | ||||||||
Fair value | [2],[12],[13],[14],[16] | 4,702 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Regency Entertainment, Inc., Media: Advertising, Printing & Publishing | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 9,759 | ||||||||
Fair value | [2],[12],[15],[16],[17] | 9,914 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, SCP Eye Care HoldCo, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[16],[17] | 143 | ||||||||
Fair value | [2],[6],[12],[13],[16],[17] | 146 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, SPay, Inc., Leisure Products & Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[15],[16],[17] | 25,981 | ||||||||
Fair value | [2],[6],[12],[15],[16],[17] | 22,931 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Sapphire Convention, Inc., Telecommunications | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[16] | 27,632 | ||||||||
Fair value | [2],[6],[12],[13],[14],[16] | 27,736 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Smarsh Inc., Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16] | 3,603 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16] | 3,633 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Speedstar Holding, LLC, Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17] | 26,160 | ||||||||
Fair value | [2],[12],[14],[15],[16],[17] | 26,710 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Spotless Brands, LLC, Consumer Services 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16],[17] | 13,438 | ||||||||
Fair value | [2],[12],[13],[14],[15],[16],[17] | 13,644 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Spotless Brands, LLC, Consumer Services 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[16],[17] | (534) | ||||||||
Fair value | [2],[6],[12],[13],[16],[17] | 123 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Summit Acquisition, Inc., Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16] | 2,862 | ||||||||
Fair value | [2],[12],[13],[14],[16] | 2,940 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, TCFI Aevex LLC, Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[15],[16],[17] | 28,070 | ||||||||
Fair value | [2],[12],[14],[15],[16],[17] | 28,180 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Tank Holding Corp., Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16],[17] | 16,611 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16],[17] | 16,373 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, The Carlstar Group LLC, Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 10,985 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 11,318 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Trader Corporation (Canada), Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[10],[12],[13],[14],[15],[16] | 862 | ||||||||
Fair value | [2],[10],[12],[13],[14],[15],[16] | 894 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Tufin Software North America, Inc., Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16],[17] | 27,125 | ||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16],[17] | 26,994 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Turbo Buyer, Inc., Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[15],[16] | 41,220 | ||||||||
Fair value | [2],[12],[13],[14],[15],[16] | 41,144 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, U.S. Legal Support, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[15],[16],[17] | 21,527 | ||||||||
Fair value | [2],[6],[12],[13],[15],[16],[17] | 21,343 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, US INFRA SVCS Buyer, LLC, Environmental Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[15],[16] | 52,268 | ||||||||
Fair value | [2],[12],[14],[15],[16] | 48,879 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, USALCO, LLC, Chemicals, Plastics & Rubber | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[16],[17] | 968 | ||||||||
Fair value | [2],[12],[14],[16],[17] | 983 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, USR Parent Inc., Retail | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[16],[20] | 3,859 | ||||||||
Fair value | [2],[12],[15],[16],[20] | 3,838 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Westfall Technik, Inc., Chemicals, Plastics & Rubber 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[14],[15],[16],[17] | 32,512 | ||||||||
Fair value | [2],[6],[12],[14],[15],[16],[17] | 29,996 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Westfall Technik, Inc., Chemicals, Plastics & Rubber 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 1,027 | ||||||||
Fair value | [2],[6],[12],[16],[17] | 1,022 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Wineshipping.com LLC, Beverage & Food | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[13],[14],[16],[17] | 15,287 | ||||||||
Fair value | [2],[12],[13],[14],[16],[17] | 14,616 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, YLG Holdings, Inc., Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 9,567 | ||||||||
Fair value | [2],[12],[15],[16],[17] | 9,727 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, Yellowstone Buyer Acquisition, LLC, Consumer Goods: Durable | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 435 | ||||||||
Fair value | [2],[6],[12],[16],[17] | 424 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, iCIMS, Inc., Software 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16] | 26,124 | ||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16] | 26,419 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, iCIMS, Inc., Software 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[13],[14],[15],[16] | 374 | ||||||||
Fair value | [2],[6],[12],[13],[14],[15],[16] | 403 | ||||||||
Investment, Identifier [Axis]: First Lien Debt, iRobot Corporation, Consumer Goods: Durable | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[6],[12],[16],[17] | 4,908 | ||||||||
Fair value | [2],[6],[12],[16],[17] | $ 5,252 | ||||||||
Investment, Identifier [Axis]: First Lien, ADPD Holdings, LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[25],[26] | 19,300 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[25],[26] | 19,141 | ||||||||
Investment, Identifier [Axis]: First Lien, Advanced Web Technologies Holding Company, Containers, Packaging & Glass | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[26] | 16,818 | ||||||||
Fair value | [3],[8],[21],[22],[24],[26] | 16,899 | ||||||||
Investment, Identifier [Axis]: First Lien, Airnov, Inc., Containers, Packaging & Glass | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 25,031 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 25,094 | ||||||||
Investment, Identifier [Axis]: First Lien, Allied Universal Holdco LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[24],[25],[26] | 494 | ||||||||
Fair value | [3],[8],[24],[25],[26] | 467 | ||||||||
Investment, Identifier [Axis]: First Lien, Alpine Acquisition Corp II, Transportation: Cargo | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[25],[26] | 20,467 | ||||||||
Fair value | [3],[8],[21],[22],[24],[25],[26] | 19,988 | ||||||||
Investment, Identifier [Axis]: First Lien, American Physician Partners, LLC, Healthcare & Pharmaceuticals 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[23],[24],[25],[26] | 41,107 | ||||||||
Fair value | [3],[22],[23],[24],[25],[26] | 35,486 | ||||||||
Investment, Identifier [Axis]: First Lien, American Physician Partners, LLC, Healthcare & Pharmaceuticals 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[24],[25],[26] | 801 | ||||||||
Fair value | [3],[8],[21],[24],[25],[26] | 788 | ||||||||
Investment, Identifier [Axis]: First Lien, Analogic Corporation, Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[26] | 27,083 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[26] | 26,552 | ||||||||
Investment, Identifier [Axis]: First Lien, Applied Technical Services, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[24],[26] | 524 | ||||||||
Fair value | [3],[8],[21],[24],[26] | 531 | ||||||||
Investment, Identifier [Axis]: First Lien, Appriss Health, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[26] | 43,605 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[26] | 42,519 | ||||||||
Investment, Identifier [Axis]: First Lien, Apptio, Inc., Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[26] | 36,660 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[26] | 36,961 | ||||||||
Investment, Identifier [Axis]: First Lien, Ascend Buyer, LLC, Containers, Packaging & Glass | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[25],[26] | 12,264 | ||||||||
Fair value | [3],[21],[23],[24],[25],[26] | 12,255 | ||||||||
Investment, Identifier [Axis]: First Lien, Associations, Inc., Construction & Building | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[23],[24],[26] | 12,751 | ||||||||
Fair value | [3],[8],[21],[23],[24],[26] | 12,448 | ||||||||
Investment, Identifier [Axis]: First Lien, Atlas AU Bidco Pty Ltd (Australia), High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[11],[21],[24],[26] | 1,398 | ||||||||
Fair value | [3],[8],[11],[21],[24],[26] | 1,398 | ||||||||
Investment, Identifier [Axis]: First Lien, Aurora Lux FinCo S.Á.R.L. (Luxembourg), Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[11],[22],[23],[24],[26] | 35,892 | ||||||||
Fair value | [3],[11],[22],[23],[24],[26] | 34,463 | ||||||||
Investment, Identifier [Axis]: First Lien, Avalara, Inc., Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[22],[23],[24],[26] | 13,139 | ||||||||
Fair value | [3],[21],[22],[23],[24],[26] | 13,051 | ||||||||
Investment, Identifier [Axis]: First Lien, BMS Holdings III Corp., Construction & Building | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[23],[24],[26] | 28,625 | ||||||||
Fair value | [3],[22],[23],[24],[26] | 28,534 | ||||||||
Investment, Identifier [Axis]: First Lien, Barnes & Noble, Inc., Retail | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[23],[24],[25],[26],[27] | 27,105 | ||||||||
Fair value | [3],[22],[23],[24],[25],[26],[27] | 26,771 | ||||||||
Investment, Identifier [Axis]: First Lien, BlueCat Networks, Inc. (Canada), High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[11],[21],[22],[24],[26] | 12,503 | ||||||||
Fair value | [3],[8],[11],[21],[22],[24],[26] | 12,367 | ||||||||
Investment, Identifier [Axis]: First Lien, Bradyifs Holdings, LLC, Wholesale | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[25],[26] | 19,190 | ||||||||
Fair value | [3],[21],[23],[24],[25],[26] | 19,215 | ||||||||
Investment, Identifier [Axis]: First Lien, Bubbles Bidco S.P.A. (Italy), Consumer Goods: Non-Durable 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[11],[21],[26] | 5,815 | ||||||||
Fair value | [3],[8],[11],[21],[26] | 5,505 | ||||||||
Investment, Identifier [Axis]: First Lien, Bubbles Bidco S.P.A. (Italy), Consumer Goods: Non-Durable 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[11],[21],[26] | 0 | ||||||||
Fair value | [3],[8],[11],[21],[26] | (40) | ||||||||
Investment, Identifier [Axis]: First Lien, CPI Intermediate Holdings, Inc., Telecommunications | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 3,790 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 3,776 | ||||||||
Investment, Identifier [Axis]: First Lien, CST Holding Company, Consumer Goods: Non-Durable | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[25],[26] | 2,436 | ||||||||
Fair value | [3],[21],[23],[24],[25],[26] | 2,434 | ||||||||
Investment, Identifier [Axis]: First Lien, Celerion Buyer, Inc., Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 1,528 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 1,527 | ||||||||
Investment, Identifier [Axis]: First Lien, Chartis Holding, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[26] | 38,396 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[26] | 38,488 | ||||||||
Investment, Identifier [Axis]: First Lien, Chemical Computing Group ULC (Canada), Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[11],[21],[22],[24],[25],[26] | 14,195 | ||||||||
Fair value | [3],[8],[11],[21],[22],[24],[25],[26] | 14,019 | ||||||||
Investment, Identifier [Axis]: First Lien, CircusTrix Holdings, LLC, Leisure Products & Services 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[22],[24],[26] | 10,531 | ||||||||
Fair value | [3],[8],[22],[24],[26] | 10,476 | ||||||||
Investment, Identifier [Axis]: First Lien, CircusTrix Holdings, LLC, Leisure Products & Services 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[24],[26] | 500 | ||||||||
Fair value | [3],[8],[24],[26] | 557 | ||||||||
Investment, Identifier [Axis]: First Lien, Comar Holding Company, LLC, Containers, Packaging & Glass | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[22],[23],[24],[26] | 42,137 | ||||||||
Fair value | [3],[21],[22],[23],[24],[26] | 40,944 | ||||||||
Investment, Identifier [Axis]: First Lien, Cority Software Inc. (Canada), Software 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[11],[21],[22],[23],[24],[26] | 54,975 | ||||||||
Fair value | [3],[8],[11],[21],[22],[23],[24],[26] | 55,065 | ||||||||
Investment, Identifier [Axis]: First Lien, Cority Software Inc. (Canada), Software 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[11],[23],[24],[26] | 1,823 | ||||||||
Fair value | [3],[11],[23],[24],[26] | 1,848 | ||||||||
Investment, Identifier [Axis]: First Lien, DCA Investment Holding LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[22],[24],[26] | 11,966 | ||||||||
Fair value | [3],[21],[22],[24],[26] | 11,458 | ||||||||
Investment, Identifier [Axis]: First Lien, Denali Midco 2, LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[25],[26] | 7,411 | ||||||||
Fair value | [3],[21],[23],[24],[25],[26] | 7,317 | ||||||||
Investment, Identifier [Axis]: First Lien, Dermatology Associates, Healthcare & Pharmaceuticals 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[24],[25],[26] | 9,126 | ||||||||
Fair value | [3],[8],[24],[25],[26] | 9,117 | ||||||||
Investment, Identifier [Axis]: First Lien, Dermatology Associates, Healthcare & Pharmaceuticals 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[24],[26],[27],[28] | 6,106 | ||||||||
Fair value | [3],[8],[24],[26],[27],[28] | 7,176 | ||||||||
Investment, Identifier [Axis]: First Lien, Diligent Corporation, Telecommunications | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[24],[26] | 647 | ||||||||
Fair value | [3],[8],[21],[24],[26] | 630 | ||||||||
Investment, Identifier [Axis]: First Lien, Dwyer Instruments, Inc., Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 13,535 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 13,536 | ||||||||
Investment, Identifier [Axis]: First Lien, EPS Nass Parent, Inc., Utilities: Electric | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 906 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 877 | ||||||||
Investment, Identifier [Axis]: First Lien, Eliassen Group, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[26] | 20,628 | ||||||||
Fair value | [3],[8],[21],[22],[24],[26] | 20,673 | ||||||||
Investment, Identifier [Axis]: First Lien, Ellkay, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 13,847 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 13,540 | ||||||||
Investment, Identifier [Axis]: First Lien, Excel Fitness Holdings, Inc., Leisure Products & Services 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[25],[26] | 6,541 | ||||||||
Fair value | [3],[8],[21],[22],[24],[25],[26] | 6,344 | ||||||||
Investment, Identifier [Axis]: First Lien, Excel Fitness Holdings, Inc., Leisure Products & Services 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[23],[24],[25],[26] | 2,785 | ||||||||
Fair value | [3],[23],[24],[25],[26] | 2,792 | ||||||||
Investment, Identifier [Axis]: First Lien, Excelitas Technologies Corp., Capital Equipment 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[25],[26] | 6,214 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[25],[26] | 6,092 | ||||||||
Investment, Identifier [Axis]: First Lien, Excelitas Technologies Corp., Capital Equipment 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[26] | 2,567 | ||||||||
Fair value | [3],[22],[26] | 2,633 | ||||||||
Investment, Identifier [Axis]: First Lien, FPG Intermediate Holdco, LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[24],[25],[26] | 693 | ||||||||
Fair value | [3],[8],[21],[24],[25],[26] | 469 | ||||||||
Investment, Identifier [Axis]: First Lien, Greenhouse Software, Inc., Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[26] | 32,065 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[26] | 31,504 | ||||||||
Investment, Identifier [Axis]: First Lien, Guidehouse LLP, Sovereign & Public Finance | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[24],[26] | 78 | ||||||||
Fair value | [3],[8],[24],[26] | 78 | ||||||||
Investment, Identifier [Axis]: First Lien, HS Spa Holdings Inc., Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[26] | 8,422 | ||||||||
Fair value | [3],[8],[21],[22],[24],[26] | 8,336 | ||||||||
Investment, Identifier [Axis]: First Lien, Hadrian Acquisition Limited (United Kingdom), Diversified Financial Services 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[11],[22],[24],[26] | 9,550 | ||||||||
Fair value | [3],[11],[22],[24],[26] | 8,672 | ||||||||
Investment, Identifier [Axis]: First Lien, Hadrian Acquisition Limited (United Kingdom), Diversified Financial Services 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[11],[21],[22],[24],[26] | 2,048 | ||||||||
Fair value | [3],[11],[21],[22],[24],[26] | 2,087 | ||||||||
Investment, Identifier [Axis]: First Lien, Harbour Benefit Holdings, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[22],[23],[24],[26] | 10,809 | ||||||||
Fair value | [3],[21],[22],[23],[24],[26] | 10,774 | ||||||||
Investment, Identifier [Axis]: First Lien, Heartland Home Services, Inc., Consumer Services 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 3,821 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 3,773 | ||||||||
Investment, Identifier [Axis]: First Lien, Heartland Home Services, Inc., Consumer Services 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[22],[23],[24],[26] | 31,148 | ||||||||
Fair value | [3],[21],[22],[23],[24],[26] | 31,283 | ||||||||
Investment, Identifier [Axis]: First Lien, Hercules Borrower LLC, Environmental Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[26] | 18,136 | ||||||||
Fair value | [3],[8],[21],[22],[24],[26] | 17,818 | ||||||||
Investment, Identifier [Axis]: First Lien, Hoosier Intermediate, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 16,831 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 16,131 | ||||||||
Investment, Identifier [Axis]: First Lien, IQN Holding Corp., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[26] | 6,749 | ||||||||
Fair value | [3],[8],[21],[22],[24],[26] | 6,699 | ||||||||
Investment, Identifier [Axis]: First Lien, Infront Luxembourg Finance S.À R.L. (Luxembourg), Leisure Products & Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[11],[22],[23],[26] | 39,215 | ||||||||
Fair value | [3],[11],[22],[23],[26] | 34,707 | ||||||||
Investment, Identifier [Axis]: First Lien, Integrity Marketing Acquisition, LLC, Diversified Financial Services 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[23],[24],[26] | 24,155 | ||||||||
Fair value | [3],[22],[23],[24],[26] | 23,538 | ||||||||
Investment, Identifier [Axis]: First Lien, Integrity Marketing Acquisition, LLC, Diversified Financial Services 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[23],[24],[26] | 7,782 | ||||||||
Fair value | [3],[23],[24],[26] | 7,551 | ||||||||
Investment, Identifier [Axis]: First Lien, Jeg's Automotive, LLC, Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 16,181 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 15,325 | ||||||||
Investment, Identifier [Axis]: First Lien, K2 Insurance Services, LLC, Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[26] | 24,770 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[26] | 24,788 | ||||||||
Investment, Identifier [Axis]: First Lien, Kaseya, Inc., High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[22],[24],[26] | 34,725 | ||||||||
Fair value | [3],[21],[22],[24],[26] | 34,324 | ||||||||
Investment, Identifier [Axis]: First Lien, LVF Holdings, Inc., Beverage & Food | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[26] | 40,564 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[26] | 38,736 | ||||||||
Investment, Identifier [Axis]: First Lien, Lifelong Learner Holdings, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[26] | 51,315 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[26] | 48,694 | ||||||||
Investment, Identifier [Axis]: First Lien, LinQuest Corporation, Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[23],[24],[26] | 9,710 | ||||||||
Fair value | [3],[23],[24],[26] | 8,927 | ||||||||
Investment, Identifier [Axis]: First Lien, Liqui-Box Holdings, Inc., Containers, Packaging & Glass | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 2,022 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 2,034 | ||||||||
Investment, Identifier [Axis]: First Lien, Material Holdings, LLC, Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 15,701 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 15,202 | ||||||||
Investment, Identifier [Axis]: First Lien, Maverick Acquisition, Inc., Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[22],[23],[24],[26] | 42,846 | ||||||||
Fair value | [3],[8],[22],[23],[24],[26] | 36,159 | ||||||||
Investment, Identifier [Axis]: First Lien, Medical Manufacturing Technologies, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[25],[26] | 14,185 | ||||||||
Fair value | [3],[21],[23],[24],[25],[26] | 14,154 | ||||||||
Investment, Identifier [Axis]: First Lien, NEFCO Holding Company LLC, Construction & Building | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[22],[23],[24],[25],[26] | 10,777 | ||||||||
Fair value | [3],[21],[22],[23],[24],[25],[26] | 10,769 | ||||||||
Investment, Identifier [Axis]: First Lien, North Haven Fairway Buyer, LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[26] | 10,959 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[26] | 11,098 | ||||||||
Investment, Identifier [Axis]: First Lien, North Haven Stallone Buyer, LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[24],[26] | (4) | ||||||||
Fair value | [3],[8],[21],[24],[26] | (4) | ||||||||
Investment, Identifier [Axis]: First Lien, Oak Purchaser, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[26] | 5,779 | ||||||||
Fair value | [3],[8],[21],[22],[24],[26] | 5,663 | ||||||||
Investment, Identifier [Axis]: First Lien, PF Atlantic Holdco 2, LLC, Leisure Products & Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 28,852 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 28,819 | ||||||||
Investment, Identifier [Axis]: First Lien, PF Growth Partners, LLC, Leisure Products & Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[24],[26] | 7,900 | ||||||||
Fair value | [3],[22],[24],[26] | 7,902 | ||||||||
Investment, Identifier [Axis]: First Lien, PXO Holdings I Corp., Chemicals, Plastics & Rubber | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[25],[26] | 8,364 | ||||||||
Fair value | [3],[8],[21],[22],[24],[25],[26] | 8,357 | ||||||||
Investment, Identifier [Axis]: First Lien, Performance Health Holdings, Inc., Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[23],[24],[26] | 6,342 | ||||||||
Fair value | [3],[23],[24],[26] | 6,276 | ||||||||
Investment, Identifier [Axis]: First Lien, Project Castle, Inc., Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[23],[24],[26] | 6,733 | ||||||||
Fair value | [3],[23],[24],[26] | 6,013 | ||||||||
Investment, Identifier [Axis]: First Lien, Prophix Software Inc. (Canada), Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[11],[21],[22],[24],[26] | 14,361 | ||||||||
Fair value | [3],[8],[11],[21],[22],[24],[26] | 14,618 | ||||||||
Investment, Identifier [Axis]: First Lien, QNNECT, LLC, Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 2,542 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 2,541 | ||||||||
Investment, Identifier [Axis]: First Lien, Quantic Electronics, LLC, Aerospace & Defense 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 15,344 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 14,768 | ||||||||
Investment, Identifier [Axis]: First Lien, Quantic Electronics, LLC, Aerospace & Defense 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 9,652 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 9,218 | ||||||||
Investment, Identifier [Axis]: First Lien, RSC Acquisition, Inc., Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[22],[23],[24],[25],[26] | 33,136 | ||||||||
Fair value | [3],[21],[22],[23],[24],[25],[26] | 31,983 | ||||||||
Investment, Identifier [Axis]: First Lien, Radwell Parent, LLC, Wholesale | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[25],[26] | 4,503 | ||||||||
Fair value | [3],[21],[23],[24],[25],[26] | 4,501 | ||||||||
Investment, Identifier [Axis]: First Lien, Regency Entertainment, Inc., Media: Diversified & Production | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[24],[26] | 39,529 | ||||||||
Fair value | [3],[22],[24],[26] | 39,520 | ||||||||
Investment, Identifier [Axis]: First Lien, Riveron Acquisition Holdings, Inc., Diversified Financial Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[23],[24],[26] | 19,203 | ||||||||
Fair value | [3],[22],[23],[24],[26] | 19,374 | ||||||||
Investment, Identifier [Axis]: First Lien, SCP Eye Care HoldCo, LLC, Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[24],[25],[26] | 117 | ||||||||
Fair value | [3],[8],[21],[24],[25],[26] | 118 | ||||||||
Investment, Identifier [Axis]: First Lien, SPay, Inc., Leisure Products & Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[22],[24],[26] | 24,176 | ||||||||
Fair value | [3],[8],[22],[24],[26] | 21,332 | ||||||||
Investment, Identifier [Axis]: First Lien, Sapphire Convention, Inc., Telecommunications | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[26] | 27,771 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[26] | 27,341 | ||||||||
Investment, Identifier [Axis]: First Lien, Smarsh Inc., Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[26] | 3,596 | ||||||||
Fair value | [3],[8],[21],[22],[24],[26] | 3,493 | ||||||||
Investment, Identifier [Axis]: First Lien, Speedstar Holding, LLC, Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[23],[24],[26] | 26,305 | ||||||||
Fair value | [3],[22],[23],[24],[26] | 26,510 | ||||||||
Investment, Identifier [Axis]: First Lien, Spotless Brands, LLC, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[22],[23],[24],[25],[26] | 33,179 | ||||||||
Fair value | [3],[21],[22],[23],[24],[25],[26] | 32,779 | ||||||||
Investment, Identifier [Axis]: First Lien, TCFI Aevex LLC, Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[23],[24],[26] | 28,217 | ||||||||
Fair value | [3],[22],[23],[24],[26] | 26,099 | ||||||||
Investment, Identifier [Axis]: First Lien, Tank Holding Corp., Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[25],[26] | 18,655 | ||||||||
Fair value | [3],[8],[21],[22],[24],[25],[26] | 18,486 | ||||||||
Investment, Identifier [Axis]: First Lien, The Carlstar Group LLC, Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[25],[26] | 14,087 | ||||||||
Fair value | [3],[21],[23],[24],[25],[26] | 14,210 | ||||||||
Investment, Identifier [Axis]: First Lien, Trader Corporation (Canada), Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[11],[21],[22],[23],[24],[26] | 864 | ||||||||
Fair value | [3],[11],[21],[22],[23],[24],[26] | 869 | ||||||||
Investment, Identifier [Axis]: First Lien, Trafigura Trading LLC, Metals & Mining | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[24],[25],[26],[29] | 8,076 | ||||||||
Fair value | [3],[8],[21],[24],[25],[26],[29] | 8,185 | ||||||||
Investment, Identifier [Axis]: First Lien, Tufin Software North America, Inc., Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[25],[26] | 26,502 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[25],[26] | 26,162 | ||||||||
Investment, Identifier [Axis]: First Lien, Turbo Buyer, Inc., Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[22],[23],[24],[26] | 41,404 | ||||||||
Fair value | [3],[21],[22],[23],[24],[26] | 41,211 | ||||||||
Investment, Identifier [Axis]: First Lien, U.S. Legal Support, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[25],[26] | 21,629 | ||||||||
Fair value | [3],[8],[21],[22],[24],[25],[26] | 21,379 | ||||||||
Investment, Identifier [Axis]: First Lien, US INFRA SVCS Buyer, LLC, Environmental Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[23],[24],[26] | 56,016 | ||||||||
Fair value | [3],[22],[23],[24],[26] | 53,796 | ||||||||
Investment, Identifier [Axis]: First Lien, USALCO, LLC, Chemicals, Plastics & Rubber | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[23],[24],[26] | 973 | ||||||||
Fair value | [3],[23],[24],[26] | 941 | ||||||||
Investment, Identifier [Axis]: First Lien, USR Parent Inc., Retail | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[24],[26] | 4,185 | ||||||||
Fair value | [3],[22],[24],[26] | 4,025 | ||||||||
Investment, Identifier [Axis]: First Lien, Unifrutti Financing PLC (Cyprus), Beverage & Food 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[11],[22] | 19,778 | ||||||||
Fair value | [3],[11],[22] | 20,045 | ||||||||
Investment, Identifier [Axis]: First Lien, Unifrutti Financing PLC (Cyprus), Beverage & Food 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[11] | 3,826 | ||||||||
Fair value | [3],[8],[11] | 3,858 | ||||||||
Investment, Identifier [Axis]: First Lien, Westfall Technik, Inc., Chemicals, Plastics & Rubber 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[22],[23],[24],[26] | 27,759 | ||||||||
Fair value | [3],[8],[22],[23],[24],[26] | 27,326 | ||||||||
Investment, Identifier [Axis]: First Lien, Westfall Technik, Inc., Chemicals, Plastics & Rubber 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[23],[24],[26] | 4,882 | ||||||||
Fair value | [3],[23],[24],[26] | 4,852 | ||||||||
Investment, Identifier [Axis]: First Lien, Wineshipping.com LLC, Beverage & Food | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[21],[23],[24],[26] | 14,322 | ||||||||
Fair value | [3],[21],[23],[24],[26] | 13,212 | ||||||||
Investment, Identifier [Axis]: First Lien, YLG Holdings, Inc., Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[24],[26] | 9,591 | ||||||||
Fair value | [3],[22],[24],[26] | 9,783 | ||||||||
Investment, Identifier [Axis]: First Lien, Yellowstone Buyer Acquisition, LLC, Consumer Goods: Durable | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[24],[26] | 437 | ||||||||
Fair value | [3],[8],[24],[26] | 427 | ||||||||
Investment, Identifier [Axis]: First Lien, iCIMS, Inc., Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[23],[24],[26] | 25,251 | ||||||||
Fair value | [3],[8],[21],[22],[23],[24],[26] | $ 24,443 | ||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, ADPD Holdings, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 5,756 | |||||||||
Unfunded commitments, fair value | $ (465) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, ADPD Holdings, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,243 | |||||||||
Unfunded commitments, fair value | $ (100) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Advanced Web Technologies Holding Company, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,970 | |||||||||
Unfunded commitments, fair value | $ (5) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Alpine Acquisition Corp II, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 2,068 | |||||||||
Unfunded commitments, fair value | $ (96) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Apex Companies Holdings, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 768 | |||||||||
Unfunded commitments, fair value | $ (5) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Applied Technical Services, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 240 | |||||||||
Unfunded commitments, fair value | $ 1 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Applied Technical Services, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 32 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Appriss Health, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 2,963 | |||||||||
Unfunded commitments, fair value | $ (26) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Ascend Buyer, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,284 | |||||||||
Unfunded commitments, fair value | $ (18) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Associations, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 723 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Atlas AU Bidco Pty Ltd (Australia), Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 134 | |||||||||
Unfunded commitments, fair value | $ 1 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Avalara, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,350 | |||||||||
Unfunded commitments, fair value | $ 20 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, BlueCat Networks, Inc. (Canada), Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 778 | |||||||||
Unfunded commitments, fair value | $ (11) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Bradyifs Holdings, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 2,271 | |||||||||
Unfunded commitments, fair value | $ (7) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, CD&R Madison Parent Ltd (United Kingdom), Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1.50% | 1.50% | 1.50% | |||||||
Unfunded commitments, principal amount | £ | £ 54 | |||||||||
Unfunded commitments, fair value | $ 1 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, CPI Intermediate Holdings, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 927 | |||||||||
Unfunded commitments, fair value | $ (12) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, CST Holding Company, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 235 | |||||||||
Unfunded commitments, fair value | $ 1 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Celerion Buyer, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 249 | |||||||||
Unfunded commitments, fair value | $ 2 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Celerion Buyer, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 125 | |||||||||
Unfunded commitments, fair value | $ 1 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Chartis Holding, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,882 | |||||||||
Unfunded commitments, fair value | $ (5) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Chemical Computing Group ULC (Canada), Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 903 | |||||||||
Unfunded commitments, fair value | $ (4) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, CircusTrix Holdings, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 1,075 | |||||||||
Unfunded commitments, fair value | $ (27) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, CircusTrix Holdings, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 538 | |||||||||
Unfunded commitments, fair value | $ (13) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, CoreWeave Compute Acquisition Co. II, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 1,937 | |||||||||
Unfunded commitments, fair value | $ (34) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Cority Software Inc. (Canada), Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 3,000 | |||||||||
Unfunded commitments, fair value | $ (10) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Coupa Holdings, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 193 | |||||||||
Unfunded commitments, fair value | $ 4 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Coupa Holdings, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 148 | |||||||||
Unfunded commitments, fair value | $ 3 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Denali Midco 2, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 876 | |||||||||
Unfunded commitments, fair value | $ (18) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Diligent Corporation, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 28 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Dwyer Instruments, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 161 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Dwyer Instruments, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 876 | |||||||||
Unfunded commitments, fair value | $ 1 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, EPS Nass Parent, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 10 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Eliassen Group, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 2,668 | |||||||||
Unfunded commitments, fair value | $ (11) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Ellkay, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,786 | |||||||||
Unfunded commitments, fair value | $ (124) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Excel Fitness Holdings, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 891 | |||||||||
Unfunded commitments, fair value | $ (16) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Excelitas Technologies Corp., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 197 | |||||||||
Unfunded commitments, fair value | $ (2) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Excelitas Technologies Corp., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 301 | |||||||||
Unfunded commitments, fair value | $ (3) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, FPG Intermediate Holdco, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 7,946 | |||||||||
Unfunded commitments, fair value | $ (97) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Greenhouse Software, Inc., Revolver 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,471 | |||||||||
Unfunded commitments, fair value | $ (11) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Greenhouse Software, Inc., Revolver 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 733 | |||||||||
Unfunded commitments, fair value | $ (5) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, HS Spa Holdings Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,079 | |||||||||
Unfunded commitments, fair value | $ (7) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Hadrian Acquisition Limited (United Kingdom), Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 2.33% | 2.33% | 2.33% | |||||||
Unfunded commitments, principal amount | £ | £ 921 | |||||||||
Unfunded commitments, fair value | $ (6) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Harbour Benefit Holdings, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,219 | |||||||||
Unfunded commitments, fair value | $ (9) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Heartland Home Services, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 2,780 | |||||||||
Unfunded commitments, fair value | $ (38) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Hercules Borrower LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 2,045 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Hoosier Intermediate, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 2,400 | |||||||||
Unfunded commitments, fair value | $ (187) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, IQN Holding Corp., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 395 | |||||||||
Unfunded commitments, fair value | $ 2 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, IQN Holding Corp., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 489 | |||||||||
Unfunded commitments, fair value | $ 3 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Jeg's Automotive, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 3,333 | |||||||||
Unfunded commitments, fair value | $ (494) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Kaseya, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 1,076 | |||||||||
Unfunded commitments, fair value | $ (6) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Kaseya, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,541 | |||||||||
Unfunded commitments, fair value | $ (8) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, LVF Holdings, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 2,919 | |||||||||
Unfunded commitments, fair value | $ (47) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Lifelong Learner Holdings, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 4 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Material Holdings, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0% | 0% | 0% | |||||||
Unfunded commitments, principal amount | $ 881 | |||||||||
Unfunded commitments, fair value | $ (45) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Material Holdings, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 652 | |||||||||
Unfunded commitments, fair value | $ (33) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Medical Manufacturing Technologies, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 331 | |||||||||
Unfunded commitments, fair value | $ (3) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, NEFCO Holding Company LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 739 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, NEFCO Holding Company LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 865 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, North Haven Fairway Buyer, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 7,315 | |||||||||
Unfunded commitments, fair value | $ (156) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, North Haven Fairway Buyer, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,269 | |||||||||
Unfunded commitments, fair value | $ (27) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, North Haven Stallone Buyer, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 87 | |||||||||
Unfunded commitments, fair value | $ (1) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Oak Purchaser, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,354 | |||||||||
Unfunded commitments, fair value | $ (37) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Oak Purchaser, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 584 | |||||||||
Unfunded commitments, fair value | $ (16) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Oranje Holdco, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 503 | |||||||||
Unfunded commitments, fair value | $ 2 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, PF Atlantic Holdco 2, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 7,448 | |||||||||
Unfunded commitments, fair value | $ (15) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, PF Atlantic Holdco 2, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,241 | |||||||||
Unfunded commitments, fair value | $ (3) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, PXO Holdings I Corp., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 443 | |||||||||
Unfunded commitments, fair value | $ (11) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, PXO Holdings I Corp., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 657 | |||||||||
Unfunded commitments, fair value | $ (16) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Pestco Intermediate, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 2% | 2% | 2% | |||||||
Unfunded commitments, principal amount | $ 694 | |||||||||
Unfunded commitments, fair value | $ (12) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Pestco Intermediate, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 119 | |||||||||
Unfunded commitments, fair value | $ (2) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Prophix Software Inc. (Canada), Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0% | 0% | 0% | |||||||
Unfunded commitments, principal amount | $ 505 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Prophix Software Inc. (Canada), Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 2,658 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Pushpay USA Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 617 | |||||||||
Unfunded commitments, fair value | $ (7) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, QNNECT, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 662 | |||||||||
Unfunded commitments, fair value | $ 8 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, RSC Acquisition, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,096 | |||||||||
Unfunded commitments, fair value | $ (8) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Radwell Parent, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.38% | 0.38% | 0.38% | |||||||
Unfunded commitments, principal amount | $ 279 | |||||||||
Unfunded commitments, fair value | $ 1 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, SCP Eye Care HoldCo, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 21 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, SCP Eye Care HoldCo, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 9 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Sapphire Convention, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 4,188 | |||||||||
Unfunded commitments, fair value | $ (13) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Smarsh Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 408 | |||||||||
Unfunded commitments, fair value | $ (4) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Smarsh Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 204 | |||||||||
Unfunded commitments, fair value | $ (2) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Spotless Brands, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 20,000 | |||||||||
Unfunded commitments, fair value | $ 123 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Spotless Brands, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,096 | |||||||||
Unfunded commitments, fair value | $ (3) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Summit Acquisition, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 687 | |||||||||
Unfunded commitments, fair value | $ (6) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Summit Acquisition, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 344 | |||||||||
Unfunded commitments, fair value | $ (3) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Tank Holding Corp., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.38% | 0.38% | 0.38% | |||||||
Unfunded commitments, principal amount | $ 179 | |||||||||
Unfunded commitments, fair value | $ (5) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, The Carlstar Group LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 3,657 | |||||||||
Unfunded commitments, fair value | $ 20 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Trader Corporation (Canada), Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 91 | |||||||||
Unfunded commitments, fair value | $ 1 | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Tufin Software North America, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0% | 0% | 0% | |||||||
Unfunded commitments, principal amount | $ 324 | |||||||||
Unfunded commitments, fair value | $ (7) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Tufin Software North America, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 1,339 | |||||||||
Unfunded commitments, fair value | $ (28) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Turbo Buyer, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 2,151 | |||||||||
Unfunded commitments, fair value | $ (26) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, U.S. Legal Support, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 638 | |||||||||
Unfunded commitments, fair value | $ (8) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Wineshipping.com LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | |||||||
Unfunded commitments, principal amount | $ 1,609 | |||||||||
Unfunded commitments, fair value | $ (85) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, Wineshipping.com LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 477 | |||||||||
Unfunded commitments, fair value | $ (25) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, iCIMS, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0% | 0% | 0% | |||||||
Unfunded commitments, principal amount | $ 6,057 | |||||||||
Unfunded commitments, fair value | $ (14) | |||||||||
Investment, Identifier [Axis]: First and Second Lien Debt, iCIMS, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | |||||||
Unfunded commitments, principal amount | $ 2,040 | |||||||||
Unfunded commitments, fair value | (5) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, ADPD Holdings, LLC, Delayed Draw 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 6,666 | |||||||||
Unfunded commitments, fair value | $ (164) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, ADPD Holdings, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,243 | |||||||||
Unfunded commitments, fair value | $ (31) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Advanced Web Technologies Holding Company, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 1,000 | |||||||||
Unfunded commitments, fair value | $ (10) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Advanced Web Technologies Holding Company, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,708 | |||||||||
Unfunded commitments, fair value | $ (17) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Airnov, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 2,292 | |||||||||
Unfunded commitments, fair value | $ (13) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Alpine Acquisition Corp II, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 3,447 | |||||||||
Unfunded commitments, fair value | $ (128) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, American Physician Partners, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 1,673 | |||||||||
Unfunded commitments, fair value | $ (33) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Analogic Corporation, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 294 | |||||||||
Unfunded commitments, fair value | $ (7) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Applied Technical Services, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 37 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Appriss Health, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 2,963 | |||||||||
Unfunded commitments, fair value | $ (114) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Apptio, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 947 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Ascend Buyer, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,284 | |||||||||
Unfunded commitments, fair value | $ (23) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Associations, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 723 | |||||||||
Unfunded commitments, fair value | $ (21) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Atlas AU Bidco Pty Ltd (Australia), Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 134 | |||||||||
Unfunded commitments, fair value | $ (4) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Avalara, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,350 | |||||||||
Unfunded commitments, fair value | $ (41) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Blackbird Purchaser, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 3,065 | |||||||||
Unfunded commitments, fair value | $ (176) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, BlueCat Networks, Inc. (Canada), Delayed Draw 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,619 | |||||||||
Unfunded commitments, fair value | $ (45) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, BlueCat Networks, Inc. (Canada), Delayed Draw 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 958 | |||||||||
Unfunded commitments, fair value | $ (27) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Bradyifs Holdings, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 2,539 | |||||||||
Unfunded commitments, fair value | $ (26) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Bubbles Bidco S.P.A. (Italy), Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 2.80% | 2.80% | 2.80% | 2.80% | ||||||
Unfunded commitments, principal amount | € | € 873 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Bubbles Bidco S.P.A. (Italy), Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0% | 0% | 0% | 0% | ||||||
Unfunded commitments, principal amount | € | € 537 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien, CPI Intermediate Holdings, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0% | 0% | 0% | 0% | ||||||
Unfunded commitments, principal amount | $ 927 | |||||||||
Unfunded commitments, fair value | $ (19) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, CST Holding Company, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 212 | |||||||||
Unfunded commitments, fair value | $ (6) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Celerion Buyer, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 249 | |||||||||
Unfunded commitments, fair value | $ (6) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Celerion Buyer, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 125 | |||||||||
Unfunded commitments, fair value | $ (3) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Chartis Holding, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 2,401 | |||||||||
Unfunded commitments, fair value | $ (16) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Chemical Computing Group ULC (Canada), Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 903 | |||||||||
Unfunded commitments, fair value | $ (13) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Comar Holding Company, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,467 | |||||||||
Unfunded commitments, fair value | $ (49) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Cority Software Inc. (Canada), Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 3,000 | |||||||||
Unfunded commitments, fair value | $ (29) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, DCA Investment Holding LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 111 | |||||||||
Unfunded commitments, fair value | $ (6) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Denali Midco 2, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 2,286 | |||||||||
Unfunded commitments, fair value | $ (87) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Diligent Corporation, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 33 | |||||||||
Unfunded commitments, fair value | $ (1) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Dwyer Instruments, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 161 | |||||||||
Unfunded commitments, fair value | $ (2) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Dwyer Instruments, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 994 | |||||||||
Unfunded commitments, fair value | $ (15) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, EPS Nass Parent, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 37 | |||||||||
Unfunded commitments, fair value | $ (2) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, EPS Nass Parent, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 30 | |||||||||
Unfunded commitments, fair value | $ (1) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Eliassen Group, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 3,310 | |||||||||
Unfunded commitments, fair value | $ (38) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Ellkay, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,786 | |||||||||
Unfunded commitments, fair value | $ (64) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Excel Fitness Holdings, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 438 | |||||||||
Unfunded commitments, fair value | $ (20) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Excelitas Technologies Corp., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 303 | |||||||||
Unfunded commitments, fair value | $ (11) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Excelitas Technologies Corp., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 320 | |||||||||
Unfunded commitments, fair value | $ (12) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, FPG Intermediate Holdco, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 7,946 | |||||||||
Unfunded commitments, fair value | $ (347) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Greenhouse Software, Inc., Revolver 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,471 | |||||||||
Unfunded commitments, fair value | $ (54) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Greenhouse Software, Inc., Revolver 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 733 | |||||||||
Unfunded commitments, fair value | $ (27) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, HS Spa Holdings Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,235 | |||||||||
Unfunded commitments, fair value | $ (34) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Hadrian Acquisition Limited (United Kingdom), Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 2.33% | 2.33% | 2.33% | 2.33% | ||||||
Unfunded commitments, principal amount | £ | £ 1,043 | |||||||||
Unfunded commitments, fair value | $ (19) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Harbour Benefit Holdings, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,219 | |||||||||
Unfunded commitments, fair value | $ (7) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Heartland Home Services, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.75% | 0.75% | 0.75% | 0.75% | ||||||
Unfunded commitments, principal amount | $ 1,259 | |||||||||
Unfunded commitments, fair value | $ (22) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Heartland Home Services, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 2,780 | |||||||||
Unfunded commitments, fair value | $ (27) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Hercules Borrower LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,929 | |||||||||
Unfunded commitments, fair value | $ (64) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Hoosier Intermediate, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,600 | |||||||||
Unfunded commitments, fair value | $ (87) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, IQN Holding Corp., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 696 | |||||||||
Unfunded commitments, fair value | $ (11) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, IQN Holding Corp., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 489 | |||||||||
Unfunded commitments, fair value | $ (8) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Jeg's Automotive, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 3,333 | |||||||||
Unfunded commitments, fair value | $ (201) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, K2 Insurance Services, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 2,290 | |||||||||
Unfunded commitments, fair value | $ (22) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Kaseya, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,146 | |||||||||
Unfunded commitments, fair value | $ (33) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Kaseya, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 2,054 | |||||||||
Unfunded commitments, fair value | $ (60) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, LVF Holdings, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 4,670 | |||||||||
Unfunded commitments, fair value | $ (254) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, LVF Holdings, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 992 | |||||||||
Unfunded commitments, fair value | $ (54) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Lifelong Learner Holdings, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 4 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Liqui-Box Holdings, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 596 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Material Holdings, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0% | 0% | 0% | 0% | ||||||
Unfunded commitments, principal amount | $ 977 | |||||||||
Unfunded commitments, fair value | $ (44) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Material Holdings, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 499 | |||||||||
Unfunded commitments, fair value | $ (22) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Medical Manufacturing Technologies, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 413 | |||||||||
Unfunded commitments, fair value | $ (8) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Medical Manufacturing Technologies, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 723 | |||||||||
Unfunded commitments, fair value | $ (14) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, NEFCO Holding Company LLC, Delayed Draw 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 760 | |||||||||
Unfunded commitments, fair value | $ (15) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, NEFCO Holding Company LLC, Delayed Draw 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 1,106 | |||||||||
Unfunded commitments, fair value | $ (22) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, NEFCO Holding Company LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,527 | |||||||||
Unfunded commitments, fair value | $ (30) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, North Haven Fairway Buyer, LLC, Delayed Draw 1 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 82 | |||||||||
Unfunded commitments, fair value | $ (1) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, North Haven Fairway Buyer, LLC, Delayed Draw 2 | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 11,162 | |||||||||
Unfunded commitments, fair value | $ (201) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, North Haven Fairway Buyer, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,269 | |||||||||
Unfunded commitments, fair value | $ (23) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, North Haven Stallone Buyer, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 200 | |||||||||
Unfunded commitments, fair value | $ (4) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Oak Purchaser, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,623 | |||||||||
Unfunded commitments, fair value | $ (38) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Oak Purchaser, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 584 | |||||||||
Unfunded commitments, fair value | $ (14) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, PF Atlantic Holdco 2, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 7,448 | |||||||||
Unfunded commitments, fair value | $ (130) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, PF Atlantic Holdco 2, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 2,759 | |||||||||
Unfunded commitments, fair value | $ (48) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, PXO Holdings I Corp., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 443 | |||||||||
Unfunded commitments, fair value | $ (8) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, PXO Holdings I Corp., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 657 | |||||||||
Unfunded commitments, fair value | $ (12) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Prophix Software Inc. (Canada), Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 2,658 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien, QNNECT, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 693 | |||||||||
Unfunded commitments, fair value | $ (21) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Quantic Electronics, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 2,126 | |||||||||
Unfunded commitments, fair value | $ (109) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Quantic Electronics, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 276 | |||||||||
Unfunded commitments, fair value | $ (14) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, RSC Acquisition, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,096 | |||||||||
Unfunded commitments, fair value | $ (50) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Radwell Parent, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.38% | 0.38% | 0.38% | 0.38% | ||||||
Unfunded commitments, principal amount | $ 349 | |||||||||
Unfunded commitments, fair value | $ (10) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, SCP Eye Care HoldCo, LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 39 | |||||||||
Unfunded commitments, fair value | $ (1) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, SCP Eye Care HoldCo, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 17 | |||||||||
Unfunded commitments, fair value | $ 0 | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Sapphire Convention, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 4,188 | |||||||||
Unfunded commitments, fair value | $ (92) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Smarsh Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 408 | |||||||||
Unfunded commitments, fair value | $ (17) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Smarsh Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 204 | |||||||||
Unfunded commitments, fair value | $ (9) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Spotless Brands, LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,096 | |||||||||
Unfunded commitments, fair value | $ (33) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Tank Holding Corp., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.38% | 0.38% | 0.38% | 0.38% | ||||||
Unfunded commitments, principal amount | $ 690 | |||||||||
Unfunded commitments, fair value | $ (18) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, The Carlstar Group LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 3,657 | |||||||||
Unfunded commitments, fair value | $ (48) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Trader Corporation (Canada), Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 91 | |||||||||
Unfunded commitments, fair value | $ (3) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Trafigura Trading LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 388 | |||||||||
Unfunded commitments, fair value | $ (3) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Tufin Software North America, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0% | 0% | 0% | 0% | ||||||
Unfunded commitments, principal amount | $ 115 | |||||||||
Unfunded commitments, fair value | $ (4) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Tufin Software North America, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,339 | |||||||||
Unfunded commitments, fair value | $ (41) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Turbo Buyer, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 2,151 | |||||||||
Unfunded commitments, fair value | $ (38) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, U.S. Legal Support, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 638 | |||||||||
Unfunded commitments, fair value | $ (12) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Wineshipping.com LLC, Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 1% | 1% | 1% | 1% | ||||||
Unfunded commitments, principal amount | $ 1,609 | |||||||||
Unfunded commitments, fair value | $ (127) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, Wineshipping.com LLC, Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 1,509 | |||||||||
Unfunded commitments, fair value | $ (120) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, iCIMS, Inc., Delayed Draw | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0% | 0% | 0% | 0% | ||||||
Unfunded commitments, principal amount | $ 6,831 | |||||||||
Unfunded commitments, fair value | $ (249) | |||||||||
Investment, Identifier [Axis]: First and Second Lien, iCIMS, Inc., Revolver | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Unfunded commitments, unused fee | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Unfunded commitments, principal amount | $ 2,449 | |||||||||
Unfunded commitments, fair value | (89) | |||||||||
Investment, Identifier [Axis]: Project Castle, Inc., Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14],[16] | 6,743 | ||||||||
Fair value | [2],[12],[14],[16] | 6,571 | ||||||||
Investment, Identifier [Axis]: Second Lien, AI Convoy S.A.R.L (United Kingdom), Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[10],[12],[14],[15],[16],[30] | 29,896 | ||||||||
Fair value | [2],[10],[12],[14],[15],[16],[30] | 30,630 | ||||||||
Investment, Identifier [Axis]: Second Lien, AP Plastics Acquisition Holdings, LLC, Chemicals, Plastics & Rubber | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 37,335 | ||||||||
Fair value | [2],[12],[15],[16],[17] | 37,117 | ||||||||
Investment, Identifier [Axis]: Second Lien, AQA Acquisition Holdings, Inc., High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 5,432 | ||||||||
Fair value | [2],[12],[15],[16],[17] | 5,459 | ||||||||
Investment, Identifier [Axis]: Second Lien, Aimbridge Acquisition Co., Inc., Leisure Products & Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[17] | 20,763 | ||||||||
Fair value | [2],[12],[15],[17] | 20,121 | ||||||||
Investment, Identifier [Axis]: Second Lien, Blackbird Purchaser, Inc., Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 9,062 | ||||||||
Fair value | [2],[12],[15],[16],[17] | 9,194 | ||||||||
Investment, Identifier [Axis]: Second Lien, Brave Parent Holdings, Inc., Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15] | 18,021 | ||||||||
Fair value | [2],[12],[15] | 18,197 | ||||||||
Investment, Identifier [Axis]: Second Lien, Drilling Info Holdings, Inc., Energy: Oil & Gas | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[17] | 18,339 | ||||||||
Fair value | [2],[12],[15],[17] | 18,600 | ||||||||
Investment, Identifier [Axis]: Second Lien, Outcomes Group Holdings, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[14] | 1,729 | ||||||||
Fair value | [2],[12],[14] | 1,717 | ||||||||
Investment, Identifier [Axis]: Second Lien, PAI Holdco, Inc., Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[16] | 14,018 | ||||||||
Fair value | [2],[12],[15],[16] | 13,713 | ||||||||
Investment, Identifier [Axis]: Second Lien, Quartz Holding Company, Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[17] | 11,775 | ||||||||
Fair value | [2],[12],[15],[17] | 11,729 | ||||||||
Investment, Identifier [Axis]: Second Lien, Stonegate Pub Company Bidco Limited (United Kingdom), Beverage & Food | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[10],[12],[15] | 24,862 | ||||||||
Fair value | [2],[10],[12],[15] | 21,474 | ||||||||
Investment, Identifier [Axis]: Second Lien, TruGreen Limited Partnership, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[12],[15],[16],[17] | 12,812 | ||||||||
Fair value | [2],[12],[15],[16],[17] | 12,336 | ||||||||
Investment, Identifier [Axis]: Second Lien, World 50, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [4],[14],[31] | 22,726 | ||||||||
Fair value | [2],[14],[31] | 23,017 | ||||||||
Investment, Identifier [Axis]: Second Lien, 11852604 Canada Inc. (Canada), Healthcare & Pharmaceuticals | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | 8,338 | [4],[6],[10],[12],[16],[17] | 7,451 | [5],[8],[11],[24],[26] | ||||||
Fair value | $ 8,331 | [2],[6],[10],[12],[16],[17] | 7,398 | [3],[8],[11],[24],[26] | ||||||
Investment, Identifier [Axis]: Second Lien, AI Convoy S.A.R.L (United Kingdom), Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[11],[22],[23],[24],[26] | 29,841 | ||||||||
Fair value | [3],[11],[22],[23],[24],[26] | 31,237 | ||||||||
Investment, Identifier [Axis]: Second Lien, AP Plastics Acquisition Holdings, LLC, Chemicals, Plastics & Rubber | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[23],[24],[26] | 37,263 | ||||||||
Fair value | [3],[22],[23],[24],[26] | 36,639 | ||||||||
Investment, Identifier [Axis]: Second Lien, AQA Acquisition Holdings, Inc., High Tech Industries | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[24],[26] | 5,422 | ||||||||
Fair value | [3],[22],[24],[26] | 5,271 | ||||||||
Investment, Identifier [Axis]: Second Lien, Aimbridge Acquisition Co., Inc., Leisure Products & Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[26] | 20,713 | ||||||||
Fair value | [3],[22],[26] | 19,024 | ||||||||
Investment, Identifier [Axis]: Second Lien, Blackbird Purchaser, Inc., Capital Equipment | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[21],[22],[24],[26] | 8,991 | ||||||||
Fair value | [3],[8],[21],[22],[24],[26] | 8,490 | ||||||||
Investment, Identifier [Axis]: Second Lien, Brave Parent Holdings, Inc., Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[26] | 17,978 | ||||||||
Fair value | [3],[22],[26] | 17,504 | ||||||||
Investment, Identifier [Axis]: Second Lien, Drilling Info Holdings, Inc., Energy: Oil & Gas | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[26] | 18,283 | ||||||||
Fair value | [3],[8],[26] | 18,740 | ||||||||
Investment, Identifier [Axis]: Second Lien, Jazz Acquisition, Inc., Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[26] | 23,227 | ||||||||
Fair value | [3],[22],[26] | 21,875 | ||||||||
Investment, Identifier [Axis]: Second Lien, Outcomes Group Holdings, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[23],[26] | 1,728 | ||||||||
Fair value | [3],[23],[26] | 1,690 | ||||||||
Investment, Identifier [Axis]: Second Lien, PAI Holdco, Inc., Automotive | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[24],[26] | 13,772 | ||||||||
Fair value | [3],[22],[24],[26] | 13,874 | ||||||||
Investment, Identifier [Axis]: Second Lien, Peraton Corp., Aerospace & Defense | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[24],[26] | 11,790 | ||||||||
Fair value | [3],[22],[24],[26] | 11,550 | ||||||||
Investment, Identifier [Axis]: Second Lien, Quartz Holding Company, Software | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[26] | 11,754 | ||||||||
Fair value | [3],[22],[26] | 11,420 | ||||||||
Investment, Identifier [Axis]: Second Lien, Stonegate Pub Company Bidco Limited (United Kingdom), Beverage & Food | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[8],[11],[26] | 24,831 | ||||||||
Fair value | [3],[8],[11],[26] | 22,281 | ||||||||
Investment, Identifier [Axis]: Second Lien, TruGreen Limited Partnership, Consumer Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[22],[24],[26] | 12,794 | ||||||||
Fair value | [3],[22],[24],[26] | 11,120 | ||||||||
Investment, Identifier [Axis]: Second Lien, World 50, Inc., Business Services | ||||||||||
Schedule of Investments [Line Items] | ||||||||||
Amortized cost | [5],[23],[32] | 23,660 | ||||||||
Fair value | [3],[23],[32] | $ 22,821 | ||||||||
[1]Unless otherwise indicated, issuers of debt and equity investments held by the Company are domiciled in the United States. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of September 30, 2023, the Company does not “control” any of these portfolio companies. Under the Investment Company Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of September 30, 2023, the Company is not an “affiliated person” of any of these portfolio companies. Certain portfolio company investments are subject to contractual restrictions on sales.[2]Fair value is determined in good faith by the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments and equity investments was determined using significant unobservable inputs.[3]Fair value is determined in good faith by the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments and equity investments was determined using significant unobservable inputs.[4]Amortized cost represents original cost, including origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion/amortization of discounts/premiums, as applicable, on debt investments using the effective interest method.[5]Amortized cost represents original cost, including origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion/amortization of discounts/premiums, as applicable, on debt investments using the effective interest method.[6]Denotes that all or a portion of the assets are owned by Carlyle Credit Solutions, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CARS” or the “Company”). Accordingly, such assets are not available to creditors of Carlyle Credit Solutions SPV LLC (the “SPV”) or Carlyle Credit Solutions SPV2 LLC (“SPV2”).[7]Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act, unless otherwise noted. As of September 30, 2023, the aggregate fair value of these securities is $69,940, or 6.48% of the Company's net assets.[8]Denotes that all or a portion of the assets are owned by Carlyle Credit Solutions, Inc. (together with its consolidated subsidiary, “we,” “us,” “our,” “CARS” or the “Company”). Accordingly, such assets are not available to creditors of Carlyle Credit Solutions SPV LLC (the “SPV”) or Carlyle Credit Solutions SPV2 LLC (“SPV2”).[9]Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act, unless otherwise noted. As of December 31, 2022, the aggregate fair value of these securities is $74,164, or 6.44% of the Company’s net assets.[10]The Company has determined the indicated investments are non-qualifying assets under Section 55(a) of the Investment Company Act. Under the Investment Company Act, the Company may not acquire any non-qualifying assets unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Company’s total assets.[11]The Company has determined the indicated investments are non-qualifying assets under Section 55(a) of the Investment Company Act. Under the Investment Company Act, the Company may not acquire any non-qualifying assets unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Company’s total assets.[12] Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to either, the Secured Overnight Financing Rate (“SOFR”) or an alternate base rate (commonly based on the Federal Funds Rate or the U.S. Prime Rate), which generally resets quarterly. For each such loan, the Company has indicated the reference rate used and provided the spread and the interest rate in effect as of September 30, 2023. As of September 30, 2023, the reference rates for our variable rate loans were the 30-day SOFR at 5.32%, the 90-day SOFR at 5.40%, the 180-day SOFR at 5.47%, the daily SONIA at 5.19%, the 90-day EURIBOR at 3.95% and the 30-day CDOR at 5.51%. Investments—non-controlled/non-affiliated Type Unused Fee Par/Principal Amount** Fair Value First and Second Lien Debt—unfunded delayed draw and revolving term loans commitments ADPD Holdings, LLC Delayed Draw 1.00 % $ 5,756 $ (465) ADPD Holdings, LLC Revolver 0.50 1,243 (100) Advanced Web Technologies Holding Company Revolver 0.50 1,970 (5) Alpine Acquisition Corp II Revolver 0.50 2,068 (96) Apex Companies Holdings, LLC Delayed Draw 1.00 768 (5) Applied Technical Services, LLC Delayed Draw 1.00 240 1 Applied Technical Services, LLC Revolver 0.50 32 — Appriss Health, LLC Revolver 0.50 2,963 (26) Ascend Buyer, LLC Revolver 0.50 1,284 (18) Associations, Inc. Revolver 0.50 723 — Atlas AU Bidco Pty Ltd (Australia) Revolver 0.50 134 1 Avalara, Inc. Revolver 0.50 1,350 20 BlueCat Networks, Inc. (Canada) Delayed Draw 1.00 778 (11) Bradyifs Holdings, LLC Revolver 0.50 2,271 (7) CD&R Madison Parent Ltd (United Kingdom) Delayed Draw 1.50 £ 54 1 Celerion Buyer, Inc. Delayed Draw 1.00 249 2 Celerion Buyer, Inc. Revolver 0.50 125 1 Chartis Holding, LLC Revolver 0.50 1,882 (5) Chemical Computing Group ULC (Canada) Revolver 0.50 903 (4) CircusTrix Holdings, LLC Delayed Draw 1.00 1,075 (27) CircusTrix Holdings, LLC Revolver 0.50 538 (13) CoreWeave Compute Acquisition Co. II, LLC Delayed Draw 1.00 1,937 (34) Cority Software Inc. (Canada) Revolver 0.50 3,000 (10) Coupa Holdings, LLC Delayed Draw 1.00 193 4 Coupa Holdings, LLC Revolver 0.50 148 3 CPI Intermediate Holdings, Inc. Delayed Draw 1.00 927 (12) CST Holding Company Revolver 0.50 235 1 Denali Midco 2, LLC Delayed Draw 1.00 876 (18) Diligent Corporation Revolver 0.50 28 — Dwyer Instruments, Inc. Delayed Draw 1.00 161 — Dwyer Instruments, Inc. Revolver 0.50 876 1 Investments—non-controlled/non-affiliated Type Unused Fee Par/Principal Amount** Fair Value Eliassen Group, LLC Delayed Draw 1.00 % $ 2,668 $ (11) Ellkay, LLC Revolver 0.50 1,786 (124) EPS Nass Parent, Inc. Revolver 0.50 10 — Excel Fitness Holdings, Inc. Revolver 0.50 891 (16) Excelitas Technologies Corp. Delayed Draw 1.00 197 (2) Excelitas Technologies Corp. Revolver 0.50 301 (3) FPG Intermediate Holdco, LLC Delayed Draw 1.00 7,946 (97) Greenhouse Software, Inc. Revolver 0.50 1,471 (11) Greenhouse Software, Inc. Revolver 0.50 733 (5) Hadrian Acquisition Limited (United Kingdom) Delayed Draw 2.33 £ 921 (6) Harbour Benefit Holdings, Inc. Revolver 0.50 1,219 (9) Heartland Home Services, Inc. Revolver 0.50 2,780 (38) Hercules Borrower LLC Revolver 0.50 2,045 — Hoosier Intermediate, LLC Revolver 0.50 2,400 (187) HS Spa Holdings Inc. Revolver 0.50 1,079 (7) iCIMS, Inc. Delayed Draw 0.00 6,057 (14) iCIMS, Inc. Revolver 0.50 2,040 (5) IQN Holding Corp. Delayed Draw 1.00 395 2 IQN Holding Corp. Revolver 0.50 489 3 Jeg's Automotive, LLC Delayed Draw 1.00 3,333 (494) Kaseya, Inc. Delayed Draw 1.00 1,076 (6) Kaseya, Inc. Revolver 0.50 1,541 (8) Lifelong Learner Holdings, LLC Revolver 0.50 4 — LVF Holdings, Inc. Revolver 0.50 2,919 (47) Material Holdings, LLC Delayed Draw 0.00 881 (45) Material Holdings, LLC Revolver 1.00 652 (33) Medical Manufacturing Technologies, LLC Revolver 0.50 331 (3) NEFCO Holding Company LLC Delayed Draw 1.00 739 — NEFCO Holding Company LLC Revolver 0.50 865 — North Haven Fairway Buyer, LLC Delayed Draw 0.50 7,315 (156) North Haven Fairway Buyer, LLC Revolver 0.50 1,269 (27) North Haven Stallone Buyer, LLC Delayed Draw 1.00 87 (1) Oak Purchaser, Inc. Delayed Draw 0.50 1,354 (37) Oak Purchaser, Inc. Revolver 0.50 584 (16) Oranje Holdco, Inc. Revolver 0.50 503 2 Pestco Intermediate, LLC Delayed Draw 2.00 694 (12) Investments—non-controlled/non-affiliated Type Unused Fee Par/Principal Amount** Fair Value PF Atlantic Holdco 2, LLC Delayed Draw 1.00 % $ 7,448 $ (15) PF Atlantic Holdco 2, LLC Revolver 0.50 1,241 (3) Prophix Software Inc. (Canada) Delayed Draw 0.00 505 — Prophix Software Inc. (Canada) Revolver 0.50 2,658 — Pushpay USA Inc. Revolver 0.50 617 (7) PXO Holdings I Corp. Delayed Draw 1.00 443 (11) PXO Holdings I Corp. Revolver 0.50 657 (16) QNNECT, LLC Delayed Draw 1.00 662 8 Pestco Intermediate, LLC Revolver 0.50 119 (2) Radwell Parent, LLC Revolver 0.38 279 1 RSC Acquisition, Inc. Revolver 0.50 1,096 (8) Sapphire Convention, Inc. Revolver 0.50 4,188 (13) SCP Eye Care HoldCo, LLC Delayed Draw 1.00 21 — SCP Eye Care HoldCo, LLC Revolver 0.50 9 — Smarsh Inc. Delayed Draw 1.00 408 (4) Smarsh Inc. Revolver 0.50 204 (2) Spotless Brands, LLC Delayed Draw 1.00 20,000 123 Spotless Brands, LLC Revolver 0.50 1,096 (3) Summit Acquisition, Inc. Delayed Draw 1.00 687 (6) Summit Acquisition, Inc. Revolver 0.50 344 (3) Tank Holding Corp. Revolver 0.38 179 (5) The Carlstar Group LLC Revolver 0.50 3,657 20 Trader Corporation (Canada) Revolver 0.50 C$ 91 1 Tufin Software North America, Inc. Delayed Draw 0.00 324 (7) Tufin Software North America, Inc. Revolver 0.50 1,339 (28) Turbo Buyer, Inc. Revolver 0.50 2,151 (26) U.S. Legal Support, Inc. Revolver 0.50 638 (8) Wineshipping.com LLC Delayed Draw 1.00 1,609 (85) Wineshipping.com LLC Revolver 0.50 477 (25) Total unfunded commitments $ 147,717 $ (2,358) Investments—non-controlled/non-affiliated Type Unused Fee Par/ Principal Amount** Fair Value First and Second Lien Debt—unfunded delayed draw and revolving term loans commitments ADPD Holdings, LLC Delayed Draw 0.50 % $ 6,666 $ (164) ADPD Holdings, LLC Revolver 0.50 1,243 (31) Advanced Web Technologies Holding Company Delayed Draw 1.00 1,000 (10) Advanced Web Technologies Holding Company Revolver 0.50 1,708 (17) Airnov, Inc. Revolver 0.50 2,292 (13) Alpine Acquisition Corp II Revolver 0.50 3,447 (128) American Physician Partners, LLC Delayed Draw 1.00 1,673 (33) Analogic Corporation Revolver 0.50 294 (7) Applied Technical Services, LLC Revolver 0.50 37 — Investments—non-controlled/non-affiliated Type Unused Fee Par/ Principal Amount** Fair Value Appriss Health, LLC Revolver 0.50 % $ 2,963 $ (114) Apptio, Inc. Revolver 0.50 947 — Ascend Buyer, LLC Revolver 0.50 1,284 (23) Associations, Inc. Revolver 0.50 723 (21) Atlas AU Bidco Pty Ltd (Australia) Revolver 0.50 134 (4) Avalara, Inc. Revolver 0.50 1,350 (41) Blackbird Purchaser, Inc. Delayed Draw 1.00 3,065 (176) BlueCat Networks, Inc. (Canada) Delayed Draw 0.50 1,619 (45) BlueCat Networks, Inc. (Canada) Delayed Draw 0.50 958 (27) Bradyifs Holdings, LLC Revolver 0.50 2,539 (26) Bubbles Bidco S.P.A. (Italy) Delayed Draw 2.80 € 873 — Bubbles Bidco S.P.A. (Italy) Revolver 0.00 € 537 — Celerion Buyer, Inc. Delayed Draw 1.00 249 (6) Celerion Buyer, Inc. Revolver 0.50 125 (3) Chartis Holding, LLC Revolver 0.50 2,401 (16) Chemical Computing Group ULC (Canada) Revolver 0.50 903 (13) Comar Holding Company, LLC Revolver 0.50 1,467 (49) Cority Software Inc. (Canada) Revolver 0.50 3,000 (29) CPI Intermediate Holdings, Inc. Delayed Draw 0.00 927 (19) CST Holding Company Revolver 0.50 212 (6) DCA Investment Holding LLC Delayed Draw 1.00 111 (6) Denali Midco 2, LLC Delayed Draw 1.00 2,286 (87) Diligent Corporation Revolver 0.50 33 (1) Dwyer Instruments, Inc. Delayed Draw 1.00 161 (2) Dwyer Instruments, Inc. Revolver 0.50 994 (15) Eliassen Group, LLC Delayed Draw 1.00 3,310 (38) Ellkay, LLC Revolver 0.50 1,786 (64) EPS Nass Parent, Inc. Delayed Draw 1.00 37 (2) EPS Nass Parent, Inc. Revolver 0.50 30 (1) Excel Fitness Holdings, Inc. Revolver 0.50 438 (20) Excelitas Technologies Corp. Delayed Draw 0.50 303 (11) Excelitas Technologies Corp. Revolver 0.50 320 (12) FPG Intermediate Holdco, LLC Delayed Draw 1.00 7,946 (347) Greenhouse Software, Inc. Revolver 0.50 1,471 (54) Greenhouse Software, Inc. Revolver 0.50 733 (27) Hadrian Acquisition Limited (United Kingdom) Delayed Draw 2.33 £ 1,043 (19) Harbour Benefit Holdings, Inc. Revolver 0.50 1,219 (7) Investments—non-controlled/non-affiliated Type Unused Fee Par/ Principal Amount** Fair Value Heartland Home Services, Inc. Delayed Draw 0.75 % $ 1,259 $ (22) Heartland Home Services, Inc. Revolver 0.50 2,780 (27) Hercules Borrower LLC Revolver 0.50 1,929 (64) Hoosier Intermediate, LLC Revolver 0.50 1,600 (87) HS Spa Holdings Inc. Revolver 0.50 1,235 (34) iCIMS, Inc. Delayed Draw 0.00 6,831 (249) iCIMS, Inc. Revolver 0.50 2,449 (89) IQN Holding Corp. Delayed Draw 1.00 696 (11) IQN Holding Corp. Revolver 0.50 489 (8) Jeg's Automotive, LLC Delayed Draw 1.00 3,333 (201) K2 Insurance Services, LLC Revolver 0.50 2,290 (22) Kaseya, Inc. Delayed Draw 0.50 1,146 (33) Kaseya, Inc. Revolver 0.50 2,054 (60) Lifelong Learner Holdings, LLC Revolver 0.50 4 — Liqui-Box Holdings, Inc. Revolver 0.50 596 — LVF Holdings, Inc. Delayed Draw 1.00 4,670 (254) LVF Holdings, Inc. Revolver 0.50 992 (54) Material Holdings, LLC Delayed Draw 0.00 977 (44) Material Holdings, LLC Revolver 1.00 499 (22) Medical Manufacturing Technologies, LLC Delayed Draw 1.00 413 (8) Medical Manufacturing Technologies, LLC Revolver 0.50 723 (14) NEFCO Holding Company LLC Delayed Draw 1.00 760 (15) NEFCO Holding Company LLC Delayed Draw 1.00 1,106 (22) NEFCO Holding Company LLC Revolver 0.50 1,527 (30) North Haven Fairway Buyer, LLC Delayed Draw 0.50 82 (1) North Haven Fairway Buyer, LLC Delayed Draw 0.50 11,162 (201) North Haven Fairway Buyer, LLC Revolver 0.50 1,269 (23) North Haven Stallone Buyer, LLC Delayed Draw 1.00 200 (4) Oak Purchaser, Inc. Delayed Draw 0.50 1,623 (38) Oak Purchaser, Inc. Revolver 0.50 584 (14) PF Atlantic Holdco 2, LLC Delayed Draw 1.00 7,448 (130) PF Atlantic Holdco 2, LLC Revolver 0.50 2,759 (48) Prophix Software Inc. (Canada) Revolver 0.50 2,658 — PXO Holdings I Corp. Delayed Draw 1.00 443 (8) PXO Holdings I Corp. Revolver 0.50 657 (12) QNNECT, LLC Delayed Draw 1.00 693 (21) Quantic Electronics, LLC Delayed Draw 1.00 2,126 (109) Investments—non-controlled/non-affiliated Type Unused Fee Par/ Principal Amount** Fair Value Quantic Electronics, LLC Revolver 0.50 % $ 276 $ (14) Radwell Parent, LLC Revolver 0.38 349 (10) RSC Acquisition, Inc. Revolver 0.50 1,096 (50) Sapphire Convention, Inc. Revolver 0.50 4,188 (92) SCP Eye Care HoldCo, LLC Delayed Draw 1.00 39 (1) SCP Eye Care HoldCo, LLC Revolver 0.50 17 — Smarsh Inc. Delayed Draw 1.00 408 (17) Smarsh Inc. Revolver 0.50 204 (9) Spotless Brands, LLC Revolver 0.50 1,096 (33) Tank Holding Corp. Revolver 0.38 690 (18) The Carlstar Group LLC Revolver 0.50 3,657 (48) Trader Corporation (Canada) Revolver 0.50 C$ 91 (3) Trafigura Trading LLC Revolver 0.50 388 (3) Tufin Software North America, Inc. Delayed Draw 0.00 115 (4) Tufin Software North America, Inc. Revolver 0.50 1,339 (41) Turbo Buyer, Inc. Revolver 0.50 2,151 (38) U.S. Legal Support, Inc. Revolver 0.50 638 (12) Wineshipping.com LLC Delayed Draw 1.00 1,609 (127) Wineshipping.com LLC Revolver 0.50 1,509 (120) Total unfunded commitments $ 159,074 $ (4,353) |
ORGANIZATION
ORGANIZATION | 9 Months Ended |
Sep. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION | ORGANIZATION Carlyle Credit Solutions, Inc. (together with its consolidated subsidiaries, “CARS” or the “Company”) is a Maryland corporation formed on February 10, 2017, and structured as an externally managed, non-diversified closed-end investment company. The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act”). In addition, the Company has elected to be treated, and intends to continue to comply with the requirements to qualify annually, as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (together with the rules and regulations promulgated thereunder, the “Code”). The Company’s investment objective is to generate attractive risk adjusted returns and current income primarily through assembling a portfolio of senior secured term loans to U.S. middle market companies in which private equity sponsors hold, directly or indirectly, a financial interest in the form of debt and/or equity. The Company's core investment strategy focuses on lending to U.S. middle market companies, which the Company defines as companies with approximately $25 million to $100 million of earnings before interest, taxes, depreciation and amortization (“EBITDA” ), supported by financial sponsors. This core strategy is opportunistically supplemented with differentiated and complementary lending and investing strategies, which take advantage of the broad capabilities of Carlyle's Global Credit platform while offering risk-diversifying portfolio benefits. The Company seeks to achieve its objective primarily through direct origination of secured debt instruments, including first lien senior secured loans (which may include stand-alone first lien loans, first lien/last out loans and “unitranche” loans) and second lien senior secured loans (collectively, “Middle Market Senior Loans”), with a minority of its assets invested in higher yielding investments (which may include unsecured debt, subordinated debt and investments in equities). The Middle Market Senior Loans are generally made to private U.S. middle market companies that are, in many cases, controlled by private equity firms. The Company invests primarily in loans to middle market companies whose debt has been rated below investment grade, or would likely be rated below investment grade if it was rated. These securities, which are often referred to as “junk,” have predominately speculative characteristics with respect to the issuer’s capacity to pay interest and repay principal. On September 11, 2017 (“Commencement”), the Company completed its initial closing of capital commitments (the “Initial Closing”) and subsequently commenced substantial investment operations. On January 21, 2022, stockholders approved the Company's conversion from a finite life private BDC with no interim liquidity to a private BDC with a perpetual life and a regular quarterly liquidity program. The conversion extends indefinitely the Company's term and finite investment period and permits the Company to accept new subscriptions for shares of its common stock in a new continuous private offering (the “New Continuous Offering”). Effective March 3, 2017 the Company changed its name from Carlyle Private Credit, Inc. to TCG BDC II, Inc., and effective March 29, 2022 the Company’s name was changed to Carlyle Credit Solutions, Inc. The Company is an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012. The Company is externally managed by its investment adviser, Carlyle Global Credit Investment Management L.L.C., (“CGCIM” or “Investment Adviser”), a wholly-owned subsidiary of the Carlyle Group Inc. and an investment adviser registered under the Investment Advisers Act of 1940, as amended. Carlyle Global Credit Administration L.L.C. (the “Administrator”) provides the administrative services necessary for the Company to operate. Both the Investment Adviser and the Administrator are wholly owned subsidiaries of Carlyle Investment Management L.L.C., a wholly owned subsidiary of The Carlyle Group Inc. “Carlyle” refers to The Carlyle Group Inc. and its affiliates and its consolidated subsidiaries (other than portfolio companies of its affiliated funds), a global investment firm publicly traded on the Nasdaq Global Select Market under the symbol “CG”. Refer to the sec.gov website for further information on Carlyle. Carlyle Credit Solutions SPV LLC (the “SPV”) is a Delaware limited liability company that was formed on January 28, 2019. The SPV, which invests in first and second lien senior secured loans, is a wholly owned subsidiary of the Company and is consolidated in these unaudited consolidated financial statements commencing from the date of its formation. Carlyle Credit Solutions SPV 2 LLC (“SPV2,” and collectively with the SPV, the “SPVs”) is a Delaware limited liability company that was formed on March 10, 2020. SPV2 is a wholly owned subsidiary of the Company and is consolidated in these unaudited consolidated financial statements commencing from the date of its formation. As a BDC, the Company is required to comply with certain regulatory requirements. As part of these requirements, the Company must not acquire any assets other than “qualifying assets” specified in the Investment Company Act unless, at the time the acquisition is made, at least 70% of its total assets are qualifying assets (with certain limited exceptions). To qualify as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements and timely distribute to its stockholders generally at least 90% of its investment company taxable income, as defined by the Code, for each year. Pursuant to this election, the Company generally does not have to pay corporate level taxes on any income that it distributes to stockholders, provided that the Company satisfies those requirements. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES | SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The unaudited consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). The Company is an investment company for the purposes of accounting and financial reporting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies (“ASC 946”). The unaudited consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, the SPVs. All significant intercompany balances and transactions have been eliminated. U.S. GAAP for an investment company requires investments to be recorded at fair value. The carrying value for all other assets and liabilities approximates their fair value. The interim unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Articles 6 and 10 of Regulation S-X. Accordingly, certain disclosures accompanying the annual consolidated financial statements prepared in accordance with U.S. GAAP are omitted. In the opinion of management, all adjustments considered necessary for the fair presentation of unaudited consolidated financial statements for the interim periods presented have been included. These adjustments are of a normal, recurring nature. This Form 10-Q should be read in conjunction with the Company’s annual report on Form 10-K for the year ended December 31, 2022. The results of operations for the three and nine months ended September 30, 2023 are not necessarily indicative of the operating results to be expected for the full year. Use of Estimates The preparation of unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make assumptions and estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management’s estimates are based on historical experiences and other factors, including expectations of future events that management believes to be reasonable under the circumstances. It also requires management to exercise judgment in the process of applying the Company’s accounting policies. Assumptions and estimates regarding the valuation of investments and their resulting impact on management and incentive fees involve a higher degree of judgment and complexity and these assumptions and estimates may be significant to the unaudited consolidated financial statements. Actual results could differ from these estimates and such differences could be material. Investments Investment transactions are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds from the repayment or sale and the amortized cost basis of the investment at the time of exit using the specific identification method without regard to unrealized appreciation or depreciation previously recognized, and includes investments charged off during the period, net of recoveries. Net change in unrealized appreciation or depreciation on investments as presented in the accompanying Consolidated Statements of Operations reflects the net change in the fair value of investments, including the reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized. See Note 3, Fair Value Measurements, to these unaudited consolidated financial statements for further information about fair value measurements. In 2023, the Company began presenting net realized currency (gain) loss on non-investment assets and liabilities and net realized (gain) loss on investments separately in the accompanying Consolidated Statements of Cash Flows, which was previously presented together as net realized (gain) loss on investments and non-investment assets and liabilities. Prior periods have been conformed to the current presentation. Cash, Cash Equivalents and Restricted Cash Cash, cash equivalents and restricted cash consist of demand deposits and highly liquid investments (e.g., money market funds, U.S. treasury notes) with original maturities of three months or less. Cash equivalents are carried at amortized cost, which approximates fair value. The Company’s cash, cash equivalents and restricted cash are held with two large financial institutions and cash held in such financial institutions may, at times, exceed the Federal Deposit Insurance Corporation insured limit. As of September 30, 2023 and December 31, 2022, the Company held restricted cash balances of $38,167 and $51,725, respectively, which represent amounts that are collected and held by trustees appointed by the Company for payment of interest expense and principal on the outstanding borrowings, or reinvestment into new assets, and as custodians of the assets securing certain of the Company's financing transactions. As of September 30, 2023 and December 31, 2022, approximately $884 and $2,399, respectively, of the restricted cash balances were denominated in a foreign currency. Revenue Recognition Interest from Investments Interest income is recorded on an accrual basis and includes the accretion of discounts and amortization of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective security using the effective interest method. The amortized cost of debt investments represents the original cost, including origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. The Company may have loans in its portfolio that contain payment-in-kind (“PIK”) provisions. PIK income represents interest that is accrued and recorded as interest income at the contractual rates, increases the loan principal on the respective capitalization dates, and is generally due at maturity. As of September 30, 2023 and December 31, 2022, the fair value of the loans in the portfolio with PIK provisions was $184,445 and $206,773, respectively, which represents approximately 10.1% and 9.9%, respectively, of total investments at fair value. For the three and nine months ended September 30, 2023, the Company earned $3,096 and $8,743 in PIK income, respectively. For the three and nine months ended September 30, 2022, the Company earned $2,618 and $7,667 in PIK income, respectively. Other Income Other income may include income such as consent, waiver, amendment, unused, underwriting, arranger and prepayment fees associated with the Company’s investment activities as well as any fees for managerial assistance services rendered by the Company to the portfolio companies. Such fees are recognized as income when earned or the services are rendered. The Company may receive fees for guaranteeing the outstanding debt of a portfolio company. Such fees are amortized into other income over the life of the guarantee. The unamortized amount, if any, is included in prepaid expenses and other assets in the accompanying Consolidated Statements of Assets and Liabilities. For the three and nine months ended September 30, 2023, the Company earned $913 and $3,932, respectively, in other income, primarily from prepayment and amendment fees. For the three and nine months ended September 30, 2022, the Company earned $2,767 and $6,350, respectively, in other income, primarily from amendment, underwriting, and prepayment fees. Non-Accrual Income Loans are generally placed on non-accrual status when principal or interest payments are past due or when there is reasonable doubt that principal or interest will be collected in full. Accrued and unpaid interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest are current or there is no longer any reasonable doubt that such principal or interest will be collected in full and, in management’s judgment, are likely to remain current. Management may determine not to place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection. As of September 30, 2023 and December 31, 2022, the fair value of the loans in the portfolio on non-accrual status was $8,855 and $7,176, respectively. The remaining first and second lien debt investments were performing and current on their interest payments as of September 30, 2023 and December 31, 2022 and for the periods then ended. Credit Facilities – Related Costs, Expenses and Deferred Financing Costs The Company, the SPV and SPV2 have each entered into a senior secured revolving credit facility (as amended, the “Subscription Facility,” which was terminated October 3, 2022, “SPV Credit Facility” and “SPV2 Credit Facility,” respectively, and together, the “Credit Facilities”). Interest expense and unused commitment fees on the Credit Facilities are recorded on an accrual basis. Unused commitment fees are included in interest expense and credit facility fees in the accompanying Consolidated Statements of Operations. The Credit Facilities are recorded at carrying value, which approximates fair value. Deferred financing costs include capitalized expenses related to the closing or amendments of the Credit Facilities. Amortization of deferred financing costs for each credit facility is computed on the straight-line basis over the respective term of each credit facility. The unamortized balance of such costs is included in prepaid expenses and other assets in the accompanying Consolidated Statements of Assets and Liabilities. The amortization of such costs is included in interest expense and credit facility fees in the accompanying Consolidated Statements of Operations. In 2022, the Company began presenting interest expense and credit facility fees together in the accompanying Consolidated Statements of Operations, which had previously been presented as separate financial statement line items. Prior periods have been conformed to the current presentation. In 2023, the Company began presenting net realized currency gain (loss) on liabilities as part of foreign currency translation within Note 5, Borrowings. Prior periods have been conformed to the current presentation in Note 5, Borrowings, and in the accompanying Consolidated Statements of Cash Flows. Income Taxes For federal income tax purposes, the Company has elected to be treated as a RIC under the Code, and intends to make the required distributions to its stockholders as specified therein. In order to qualify as a RIC, the Company must meet certain minimum distribution, source-of-income and asset diversification requirements. If such requirements are met, then the Company is generally required to pay income taxes only on the portion of its taxable income and gains it does not distribute. The minimum distribution requirements applicable to RICs require the Company to distribute to its stockholders at least 90% of its investment company taxable income (“ICTI”), as defined by the Code, each year. Depending on the level of ICTI earned in a tax year, the Company may choose to carry forward ICTI in excess of current year distributions into the next tax year. Any such carryover ICTI must be distributed before the end of that next tax year through a dividend declared prior to filing the final tax return related to the year which generated such ICTI. In addition, based on the excise distribution requirements, the Company is subject to a 4% nondeductible federal excise tax on undistributed income unless the Company distributes in a timely manner an amount at least equal to the sum of (1) 98% of its ordinary income for each calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in the preceding year. For this purpose, however, any ordinary income or capital gain net income retained by the Company that is subject to corporate income tax is considered to have been distributed. The Company intends to make sufficient distributions each taxable year to satisfy the excise distribution requirements as reasonable. The Company incurred $168 and $569 in excise tax, respectively, for the three and nine months ended September 30, 2023. The Company did not incur excise tax for the three and nine months ended September 30, 2022. The Company evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are “more likely than not” to be sustained by the applicable tax authority. The SPVs are disregarded entities for tax purposes and are consolidated with the tax return of the Company. All penalties and interest associated with income taxes, if any, are included in income tax expense. Dividends and Distributions to Common Stockholders To the extent that the Company has taxable income available, the Company intends to make quarterly distributions to its common stockholders. Dividends and distributions to common stockholders are recorded on the record date. The amount to be distributed, if any, is determined by the Board of Directors each quarter and is generally based upon the taxable earnings estimated by management and available cash. Net realized capital gains, if any, are generally distributed at least annually, although the Company may decide to retain such capital gains for investment. The Company has adopted a dividend reinvestment plan, pursuant to which all cash dividends declared by the Board of Directors are reinvested on behalf of common stockholders on shares of common stock purchased in the New Continuous Offering who do not elect to receive their dividends on such shares in cash. As a result, if the Board of Directors authorizes, and the Company declares, a cash dividend or other distribution on shares of common stock purchased in the New Continuous Offering then stockholders who have not opted out of our dividend reinvestment plan with respect to such shares will have their cash distributions on such shares purchased in the New Continuous Offering automatically reinvested in additional shares, rather than receiving the cash dividend or other distribution. Shares issued under the dividend reinvestment plan will not reduce outstanding capital commitments. Functional Currency The functional currency of the Company is the U.S. Dollar. Investments are generally made in the local currency of the country in which the investments are domiciled and are translated into U.S. Dollars with foreign currency translation gains or losses recorded within net change in unrealized appreciation (depreciation) on investments in the accompanying Consolidated Statements of Operations. Foreign currency translation gains and losses on non-investment assets and liabilities are separately reflected in the accompanying Consolidated Statements of Operations. Earnings Per Common Share The Company computes earnings per common share in accordance with ASC 260, Earnings Per Share (“ASC 260”). Basic earnings per common share is calculated by dividing the net increase (decrease) in net assets resulting from operations attributable to common stock by the weighted average number of shares of common stock outstanding. Diluted earnings per common share reflects the assumed conversion of all dilutive securities. Recent Accounting Standards Updates |
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS | 9 Months Ended |
Sep. 30, 2023 | |
Fair Value Disclosures [Abstract] | |
FAIR VALUE MEASUREMENTS | FAIR VALUE MEASUREMENTS The Company applies fair value accounting in accordance with the terms of FASB ASC Topic 820, Fair Value Measurement (“ASC 820”). ASC 820 defines fair value as the amount that would be exchanged to sell an asset or transfer a liability in an orderly transfer between market participants at the measurement date. Effective September 8, 2022, the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act, determines in good faith the fair value of the Company’s investment portfolio for which market quotations are not readily available. The Investment Adviser values securities/instruments traded in active markets on the measurement date by multiplying the closing price of such traded securities/instruments by the quantity of shares or amount of the instrument held. The Investment Adviser may also obtain quotes with respect to certain of its investments, such as its securities/instruments traded in active markets and its liquid securities/instruments that are not traded in active markets, from pricing services, brokers, or counterparties (i.e., “consensus pricing”). When doing so, the Investment Adviser determines whether the quote obtained is sufficient according to U.S. GAAP to determine the fair value of the security. The Investment Adviser may use the quote obtained or alternative pricing sources may be utilized including valuation techniques typically utilized for illiquid securities/instruments. Securities/instruments that are illiquid or for which the pricing source does not provide a valuation or methodology or provides a valuation or methodology that, in the judgment of the Investment Adviser, does not represent fair value shall each be valued as of the measurement date using all techniques appropriate under the circumstances and for which sufficient data is available. These valuation techniques may vary by investment and include comparable public market valuations, comparable precedent transaction valuations and/or discounted cash flow analyses. The process generally used to determine the applicable value is as follows: (i) the value of each portfolio company or investment is initially reviewed by the investment professionals responsible for such portfolio company or investment and, for non-traded investments, a standardized template designed to approximate fair market value based on observable market inputs, updated credit statistics and unobservable inputs is used to determine a preliminary value, which is also reviewed alongside consensus pricing, where available; (ii) preliminary valuation conclusions are documented and reviewed by a valuation committee comprised of personnel of the Investment Adviser; (iii) the Board of Directors engages a third-party valuation firm to provide positive assurance on portions of the Middle Market Senior Loans and equity investments portfolio each quarter (such that each non-traded investment is reviewed by a third-party valuation firm at least once on a rolling twelve month basis) including a review of management’s preliminary valuation and conclusion on fair value; (iv) if applicable, prior to September 8, 2022, the Audit Committee of the Board of Directors (the “Audit Committee”) reviewed the assessments of the Investment Adviser and the third-party valuation firm; and (v) if applicable, prior to September 8, 2022, the Board of Directors discussed the valuation recommendations of the Audit Committee and determined the fair value of each investment in the portfolio in good faith based on the input of the Investment Adviser and, where applicable, the third-party valuation firm. All factors that might materially impact the value of an investment are considered, including, but not limited to the assessment of the following factors, as relevant: • the nature and realizable value of any collateral; • call features, put features and other relevant terms of debt; • the portfolio company’s leverage and ability to make payments; • the portfolio company’s public or private credit rating; • the portfolio company’s actual and expected earnings and discounted cash flow; • prevailing interest rates and spreads for similar securities and expected volatility in future interest rates; • the markets in which the portfolio company does business and recent economic and/or market events; and • comparisons to comparable transactions and publicly traded securities. Investment performance data utilized are the most recently available financial statements and compliance certificates received from the portfolio companies as of the measurement date which in many cases may reflect a lag in information. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may fluctuate from period to period. Because of the inherent uncertainty of valuation, these estimated values may differ significantly from the values that would have been reported had a ready market for the investments existed, and it is reasonably possible that the difference could be material. In addition, changes in the market environment and other events that may occur over the life of the investments may cause the realized gains or losses on investments to be different from the net change in unrealized appreciation or depreciation currently reflected in the consolidated financial statements as of September 30, 2023 and December 31, 2022. U.S. GAAP establishes a hierarchical disclosure framework which ranks the level of observability of market price inputs used in measuring investments at fair value. The observability of inputs is impacted by a number of factors, including the type of investment and the characteristics specific to the investment and state of the marketplace, including the existence and transparency of transactions between market participants. Investments with readily available quoted prices or for which fair value can be measured from quoted prices in active markets generally have a higher degree of market price observability and a lesser degree of judgment applied in determining fair value. Investments measured and reported at fair value are classified and disclosed based on the observability of inputs used in determination of fair values, as follows: • Level 1—inputs to the valuation methodology are quoted prices available in active markets for identical investments as of the reporting date. Financial instruments in this category generally include unrestricted securities, including equities and derivatives, listed in active markets. The Investment Adviser does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price. • Level 2—inputs to the valuation methodology are either directly or indirectly observable as of the reporting date and are those other than quoted prices in active markets. Financial instruments in this category generally include less liquid and restricted securities listed in active markets, securities traded in other than active markets, government and agency securities, and certain over-the-counter derivatives where the fair value is based on observable inputs. • Level 3—inputs to the valuation methodology are unobservable and significant to overall fair value measurement. The inputs into the determination of fair value require significant management judgment or estimation. Financial instruments in this category generally include investments in privately-held entities, and certain over-the-counter derivatives where the fair value is based on unobservable inputs. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the overall fair value measurement. The Investment Adviser’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Transfers between levels, if any, are recognized at the beginning of the quarter in which the transfers occur. For the three and nine months ended September 30, 2023 and 2022, there were no transfers between levels. The following tables summarize the Company’s investments measured at fair value on a recurring basis by the above fair value hierarchy levels as of September 30, 2023 and December 31, 2022: September 30, 2023 Level 1 Level 2 Level 3 Total Assets First Lien Debt $ — $ — $ 1,531,433 $ 1,531,433 Second Lien Debt — — 231,635 231,635 Equity Investments — — 69,940 69,940 Total $ — $ — $ 1,833,008 $ 1,833,008 December 31, 2022 Level 1 Level 2 Level 3 Total Assets First Lien Debt $ — $ — $ 1,755,773 $ 1,755,773 Second Lien Debt — — 260,934 260,934 Equity Investments — — 74,164 74,164 Total $ — $ — $ 2,090,871 $ 2,090,871 The changes in the Company’s investments at fair value for which the Company has used Level 3 inputs to determine fair value and net change in unrealized appreciation (depreciation) included in earnings for Level 3 investments still held are as Financial Assets For the three months ended September 30, 2023 First Lien Debt Second Lien Debt Equity Investments Total Balance, beginning of period $ 1,598,581 $ 260,535 $ 72,327 $ 1,931,443 Purchases 35,780 381 1,256 37,417 Sales (6,566) (5,332) — (11,898) Paydowns (101,728) (23,450) (1,543) (126,721) Accretion of discount 2,131 372 100 2,603 Net realized gains (losses) (208) (45) — (253) Net change in unrealized appreciation (depreciation) 3,443 (826) (2,200) 417 Balance, end of period $ 1,531,433 $ 231,635 $ 69,940 $ 1,833,008 Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations $ 3,553 $ (738) $ (2,200) $ 615 Financial Assets For the nine months ended September 30, 2023 First Lien Debt Second Lien Debt Equity Investments Total Balance, beginning of period $ 1,755,773 $ 260,934 $ 74,164 $ 2,090,871 Purchases 95,753 1,087 4,068 100,908 Sales (36,588) (11,704) (1,495) (49,787) Paydowns (258,082) (24,450) (4,022) (286,554) Accretion of discount 6,961 771 164 7,896 Net realized gains (losses) (1,110) (94) 992 (212) Net change in unrealized appreciation (depreciation) (31,274) 5,091 (3,931) (30,114) Balance, end of period $ 1,531,433 $ 231,635 $ 69,940 $ 1,833,008 Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations $ (31,863) $ 3,499 $ (1,990) $ (30,354) Financial Assets For the three months ended September 30, 2022 First Lien Debt Second Lien Debt Equity Investments Total Balance, beginning of period $ 1,646,689 $ 281,152 $ 58,849 $ 1,986,690 Purchases 227,917 285 13,877 242,079 Sales (20,142) (19,691) — (39,833) Paydowns (94,016) — — (94,016) Accretion of discount 2,668 181 29 2,878 Net realized gains (losses) 318 (4,659) — (4,341) Net change in unrealized appreciation (depreciation) (3,813) 3,572 (632) (873) Balance, end of period $ 1,759,621 $ 260,840 $ 72,123 $ 2,092,584 Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations $ (3,310) $ (683) $ (632) $ (4,625) Financial Assets For the nine months ended September 30, 2022 First Lien Debt Second Lien Debt Equity Investments Total Balance, beginning of period $ 1,674,715 $ 337,899 $ 57,469 $ 2,070,083 Purchases 455,742 963 16,356 473,061 Sales (37,147) (23,703) — (60,850) Paydowns (310,512) (41,838) (1,125) (353,475) Accretion of discount 8,129 1,134 83 9,346 Net realized gains (losses) 3,820 (5,615) 1,740 (55) Net change in unrealized appreciation (depreciation) (35,126) (8,000) (2,400) (45,526) Balance, end of period $ 1,759,621 $ 260,840 $ 72,123 $ 2,092,584 Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations $ (28,303) $ (7,615) $ (1,072) $ (36,990) The Company generally uses the following framework when determining the fair value of investments that are categorized as Level 3: Investments in debt securities are initially evaluated to determine whether the enterprise value of the portfolio company is greater than the applicable debt. The enterprise value of the portfolio company is estimated using a market approach and an income approach. The market approach utilizes market value (EBITDA) multiples of publicly traded comparable companies and available precedent sales transactions of comparable companies. The Investment Adviser carefully considers numerous factors when selecting the appropriate companies whose multiples are used to value the Company’s portfolio companies. These factors include, but are not limited to, the type of organization, similarity to the business being valued, relevant risk factors, as well as size, profitability and growth expectations. The income approach typically uses a discounted cash flow analysis of the portfolio company. Investments in debt securities that do not have sufficient coverage through the enterprise value analysis are valued based on an expected probability of default and discount recovery analysis. Investments in debt securities with sufficient coverage through the enterprise value analysis are generally valued using a discounted cash flow analysis of the underlying security. Projected cash flows in the discounted cash flow typically represent the relevant security’s contractual interest, fees and principal payments plus the assumption of full principal recovery at the security’s expected maturity date. The discount rate to be used is determined using an average of two market-based methodologies. Investments in debt securities may also be valued using consensus pricing. Investments in equities are generally valued using a market approach and/or an income approach. The market approach utilizes market value (EBITDA) multiples of publicly traded comparable companies and available precedent sales transactions of comparable companies. The income approach typically uses a discounted cash flow analysis of the portfolio company. The following tables summarize the quantitative information related to the significant unobservable inputs for Level 3 instruments which are carried at fair value as of September 30, 2023 and December 31, 2022: Fair Value as of September 30, 2023 Valuation Techniques Significant Unobservable Inputs Range Low High Weighted Average Investments in First Lien Debt $ 1,503,445 Discounted Cash Flow Discount Rate 5.06 % 17.64 % 8.49 % 9,213 Consensus Pricing Indicative Quotes 94.00 % 98.25 % 97.12 % 18,775 Income Approach Discount Rate 9.40 % 9.40 % 9.40 % Market Approach Comparable Multiple 10.89x 10.89x 10.89x Total First Lien Debt 1,531,433 Investments in Second Lien Debt 231,635 Discounted Cash Flow Discount Rate 8.29 % 15.06 % 10.04 % Total Second Lien Debt 231,635 Investments in Equity 69,940 Income Approach Discount Rate 7.22 % 12.51 % 9.74 % Market Approach Comparable Multiple 8.55x 16.16x 10.99x Total Equity Investments 69,940 Total Level 3 Investments $ 1,833,008 Fair Value as of December 31, 2022 Valuation Techniques Significant Unobservable Inputs Range Low High Weighted Average Investments in First Lien Debt $ 1,677,160 Discounted Cash Flow Discount Rate 4.84 % 17.96 % 8.80 % 62,319 Consensus Pricing Indicative Quotes 97.00 % 100.00 % 98.50 % 16,294 Income Approach Discount Rate 9.03 % 9.03 % 9.03 % Market Approach Comparable Multiple 10.51x 10.51x 10.51x Total First Lien Debt 1,755,773 Investments in Second Lien Debt 260,934 Discounted Cash Flow Discount Rate 8.96 % 13.33 % 10.30 % Total Second Lien Debt 260,934 Investments in Equity 74,164 Income Approach Discount Rate 7.22 % 11.94 % 9.45 % Market Approach Comparable Multiple 9.10x 17.24x 10.91x Total Equity Investments 74,164 Total Level 3 Investments $ 2,090,871 The significant unobservable inputs used in the fair value measurement of the Company’s investments in first and second lien debt securities are discount rates, indicative quotes and comparable EBITDA multiples. The significant unobservable inputs used in the fair value measurement of the Company’s investments in equities are discount rates and comparable EBITDA multiples. Significant increases in discount rates in isolation would result in a significantly lower fair value measurement. Significant decreases in indicative quotes or comparable EBITDA multiples in isolation would result in a significantly lower fair value measurement. Financial instruments disclosed but not carried at fair value The carrying values of the secured borrowings generally approximate their respective fair values due to their variable interest rates. Secured borrowings are categorized as Level 3 within the hierarchy. The carrying value of other financial assets and liabilities approximates their fair value based on the short-term nature of these items. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS Investment Advisory Agreement On June 26, 2017, the Company entered into an investment advisory agreement (the “Investment Advisory Agreement”) with the Investment Adviser. The initial term of the Investment Advisory Agreement was two years from June 26, 2017 and renewed automatically for successive annual periods with the specific approval of the Board of Directors, including the vote of a majority of the directors who are not “interested persons” as defined in Section 2(a)(19) of the Investment Company Act (the “Independent Directors”). On October 11, 2021, the Board, including all of its Independent Directors, reviewed and approved the terms of an amended and restated investment advisory agreement (the “Amended and Restated Investment Advisory Agreement”) for an initial term of two years, conditional upon stockholders’ approval of the proposal to convert the Company to a perpetual life BDC as discussed above. On January 21, 2022, stockholders approved the Amended and Restated Investment Advisory Agreement, which the Company entered into effective as of the date of such approval. Pursuant to the Investment Advisory Agreement and the Amended and Restated Investment Advisory Agreement effective as of January 21, 2022, and subject to the overall supervision of the Board of Directors, the Investment Adviser provides investment advisory services to the Company. For providing these services, the Investment Adviser receives fees from the Company consisting of two components—a management fee and an incentive fee. From the period September 12, 2021 until January 21, 2022, the management fee was calculated and payable quarterly in arrears at an annual rate of 1.00% of the Company’s average Capital Under Management (as defined below) at the end of the then-current quarter and the prior calendar quarter. “Capital Under Management” means cumulative capital called, less cumulative distributions categorized as Returned Capital. “Returned Capital” means unused capital commitments increased by the aggregate amount of (i) any portion of distributions made by the Company to an investor during the Original Investment Period (as defined below) which represents (A) proceeds realized from the sale or repayment of any investment (as opposed to investment income) during the Investment Period (but not in excess of the cost of any such investment) or (B) a return of such investor’s capital contributions to the Company, as determined by the Board of Directors, and (ii) any amount drawn down by the Company from unused capital commitments to pay management fees, incentive fees, organizational expenses or Company expenses, to the extent such investor receives subsequent distributions. For the avoidance of doubt, Capital Under Management does not include capital acquired through the use of leverage, and Returned Capital does not include distributions of the Company’s investment income (i.e., proceeds received in respect of interest payments, dividends or fees, net of expenses) or net realized capital gains to the investors. Under the Investment Advisory Agreement until January 21, 2022, the incentive fee consisted of two parts. The first part was calculated and payable quarterly in arrears and equaled 15.0% of pre-incentive fee net investment income for the immediately preceding calendar quarter, subject to a preferred return of 1.75% per quarter (7.0% annualized), or “hurdle rate,” and a “catch-up” feature. The second part was determined and payable in arrears as of the end of each calendar year in an amount equal to 15.0% of realized capital gains, if any, on a cumulative basis from inception through the end of each calendar year, computed net of all realized capital losses on a cumulative basis and unrealized capital depreciation less the aggregate amount of any previously paid capital gain incentive fees, provided that no incentive fee on capital gains is payable to the Investment Adviser unless cumulative total return exceeded a 7% annual return on weighted average cumulative capital called less cumulative distributions categorized as Returned Capital. Pursuant to the Amended and Restated Investment Advisory Agreement, effective January 21, 2022, (i) the income-based incentive fee rate was reduced from 15.0% to 12.5%, and the “hurdle rate” was reduced from 1.75% (7.0% annualized) to 1.25% (5.0% annualized); (ii) the capital gains incentive fee was reduced from 15.0% to 12.5%; and (iii) the calculation of the annual base management fee was changed to 1.00% of the Company's net asset value as of the end of the immediately preceding calendar quarter (as adjusted for capital called, dividends reinvested, distributions paid and issuer share repurchases made during the current calendar quarter) from 1.00% of the Company's average Capital Under Management. The terms of the Amended and Restated Investment Advisory Agreement were effective upon execution of the agreement, except for the change to the income-based incentive fee which became effective for the calendar quarter ending June 30, 2022. The Amended and Restated Investment Advisory Agreement will continue in effect until January 21, 2024 and, unless terminated earlier, will renew automatically for successive annual periods, provided that such continuance is specifically approved at least annually by the vote of the Board and by the vote of a majority of the Independent Directors. On May 4, 2023, the Board of Directors, including a majority of the Independent Directors, approved the continuance of the Amended and Restated Investment Advisory Agreement for an additional one year term. The Amended and Restated Investment Advisory Agreement will automatically terminate in the event of an assignment and may be terminated by either party without penalty upon at least 60 days’ written notice to the other party. Below is a summary of the base management fees and incentive fees incurred during the three and nine months ended September 30, 2023 and 2022: Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Base management fees $ 2,639 $ 3,020 $ 8,095 $ 8,847 Incentive fee on pre-incentive fee net investment income 4,898 4,461 14,847 13,184 Total base management fees and incentive fees $ 7,537 $ 7,481 $ 22,942 $ 22,031 Accrued capital gains incentive fees are based upon the cumulative net realized and unrealized appreciation (depreciation) from inception. Accordingly, the accrual for any capital gains incentive fee under U.S. GAAP in a given period may result in an additional expense if such cumulative amount is greater than in the prior period or a reduction of previously recorded expense if such cumulative amount is less than in the prior period. If such cumulative amount is negative, then there is no accrual. For the three and nine months ended September 30, 2023, the Company did not incur any capital gains incentive fees. For the three and nine months ended September 30, 2022, the Company did not incur any capital gains incentive fees. As of September 30, 2023 and December 31, 2022, $7,521 and $7,703, respectively, was included in management and incentive fees payable in the accompanying Consolidated Statements of Assets and Liabilities. Administration Agreement On April 18, 2017, the Company entered into an administration agreement (the “Administration Agreement”) with the Administrator. Unless terminated earlier, the Administration Agreement renews automatically for successive annual periods, provided that such continuance is specifically approved at least annually by (i) the vote of the Board of Directors or by a majority vote of the outstanding voting securities of the Company and (ii) the vote of a majority of the Company’s Independent Directors. The Administration Agreement may not be assigned by a party without the consent of the other party and may be terminated by either party without penalty upon at least 60 days’ written notice to the other party. On May 4, 2023, the Board of Directors, including a majority of the Independent Directors, approved the continuance of the Company’s Administration Agreement for an additional one year term. Pursuant to the Administration Agreement, the Administrator provides services and receives reimbursements equal to an amount that reimburses the Administrator for its costs and expenses and the Company's allocable portion of overhead incurred by the Administrator in performing its obligations under the Administration Agreement, including the Company's allocable portion of the compensation paid to or compensatory distributions received by the Company’s officers (including the Chief Financial Officer and Chief Compliance Officer) and respective staff who provide services to the Company, operations staff who provide services to the Company, and any internal audit staff, to the extent internal audit performs a role in the Company's internal control assessment under the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), as amended. Reimbursement under the Administration Agreement occurs quarterly in arrears. For the three and nine months ended September 30, 2023, the Company incurred $368 and $809, respectively, in fees under the Administration Agreement. For the three and nine months ended September 30, 2022, the Company incurred $331 and $1,050, respectively, in fees under the Administration Agreement. These fees are included in administrative service fees in the accompanying Consolidated Statements of Operations. As of September 30, 2023 and December 31, 2022, $1,246 and $854, respectively, was unpaid and included in administrative service fees payable in the accompanying Consolidated Statements of Assets and Liabilities. Sub-Administration Agreements On June 26, 2017, the Administrator entered into sub-administration agreements with Carlyle Employee Co. (the “Carlyle Sub-Administration Agreement”). Pursuant to the Carlyle Sub-Administration Agreement, Carlyle Employee Co. provides the Administrator with access to personnel. On June 22, 2017, the Administrator entered into a sub-administration agreement with State Street Bank and Trust Company (“State Street” and, such agreement, the “State Street Sub-Administration Agreement” and, together with the Carlyle Sub-Administration Agreements, the “Sub-Administration Agreements”). On May 4, 2023, the Company’s Board of Directors, including a majority of the Independent Directors, approved the continuance of the Company’s Sub-Administration Agreements for an additional one year term. For the three and nine months ended September 30, 2023, the Company incurred $193 and $594, respectively, in fees under the State Street Sub-Administration Agreement. For the three and nine months ended September 30, 2022, the Company incurred $212 and $698, respectively, in fees under the State Street Sub-Administration Agreement. These fees were included in other general and administrative expenses in the accompanying Consolidated Statements of Operations. As of September 30, 2023 and December 31, 2022, $1,015 and $842, respectively, was unpaid and included in other accrued expenses and liabilities in the accompanying Consolidated Statements of Assets and Liabilities. Placement Fees On June 26, 2017, the Company entered into a placement fee arrangement with TCG Securities, L.L.C. (“TCG”), a licensed broker-dealer and an affiliate of the Investment Adviser, which may require stockholders to pay a placement fee to TCG for TCG’s services. For the three and nine months ended September 30, 2023, TCG received $685 and $2,192, respectively, in placement fees from the Company's stockholders in connection with the issuance or sale of the Company's common stock, and TCG paid these amounts as placement fees to sub-placement agents. For the three and nine months ended September 30, 2022, TCG received $0 and $1,554, respectively, in placement fees from the Company’s stockholders. Board of Directors The Company’s Board of Directors currently consists of seven members, four of whom are Independent Directors. The Board of Directors has established an audit committee and a pricing committee of the Board of Directors, and may establish additional committees in the future. For the three and nine months ended September 30, 2023, the Company incurred $61 and $207, respectively, in fees and expenses associated with its Independent Directors’ services on the Company’s Board of Directors and its committees. For the three and nine months ended September 30, 2022, the Company incurred $98 and $300, respectively, in fees and expenses associated with its Independent Directors' services on the Company's Board of Directors and its committees. These fees are included in directors’ fees and expenses in the accompanying Consolidated Statements of Operations As of September 30, 2023 and December 31, 2022 , no fees or expenses associated with its Independent Directors were payable. |
BORROWINGS
BORROWINGS | 9 Months Ended |
Sep. 30, 2023 | |
Debt Disclosure [Abstract] | |
BORROWINGS | BORROWINGS The SPV and SPV2 are party to the SPV Credit Facility and SPV2 Credit Facility, respectively, as described below. The Company was party to the Subscription Facility until its termination on October 3, 2022, as described below. In accordance with the Investment Company Act, the Company is currently only allowed to borrow amounts such that its asset coverage, as defined in the Investment Company Act, is at least 200% after such borrowing. As of September 30, 2023 and December 31, 2022, asset coverage was 238.26% and 217.21%, respectively, and the SPV and SPV2 were in compliance with all covenants and other requirements of their respective credit facility agreements. Below is a summary of the borrowings and repayments under the Credit Facilities for the three and nine months ended September 30, 2023 and 2022. Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Outstanding borrowing, beginning of period $ 906,032 $ 884,609 $ 982,404 $ 966,947 Borrowings 30,000 166,799 169,000 321,777 Repayments (150,937) (113,225) (368,823) (340,748) Foreign currency translation (2,763) (7,760) (249) (17,553) Outstanding borrowing, end of period $ 782,332 $ 930,423 $ 782,332 $ 930,423 Subscription Facility The Company entered into the Subscription Facility with a lender on October 3, 2017, which was subsequently amended on March 14, 2018, November 16, 2018, May 12, 2020 and October 2, 2020. The Subscription Facility was terminated and repaid in full on October 3, 2022. The Company could borrow amounts in U.S. Dollars or certain other permitted currencies. Borrowings under the Subscription Facility accrued interest at LIBOR plus an applicable spread of 1.95% per year, subject to a 0.50% floor on LIBOR. The Company also paid a fee of 0.25% per year on undrawn amounts under the Subscription Facility. Subject to certain exceptions, the Subscription Facility was secured by a first lien security interest in the Company’s unfunded investor equity capital commitments. The Subscription Facility included customary covenants, certain limitations on the incurrence of additional indebtedness and liens, and other maintenance covenants, as well as usual and customary events of default for senior secured revolving credit facilities of this nature. SPV Credit Facility The SPV entered into the SPV Credit Facility with a lender on April 1, 2019, which was subsequently amended October 25, 2019, February 7, 2020, December 4, 2020, June 2, 2021, December 28, 2021 and March 28, 2022. The SPV Credit Facility provides for secured borrowings of $700,000 as of September 30, 2023, subject to availability under the SPV Credit Facility and restrictions imposed on borrowings under the Investment Company Act. The SPV Credit Facility has a revolving period through October 15, 2024, and a maturity date of April 1, 2026, with one one-year extension option, subject to the SPV's and lender's consent. The SPV may borrow amounts in U.S. Dollars or certain other permitted currencies. Borrowings under the SPV Credit Facility bear interest initially at SOFR (or, if applicable, a rate based on the prime rate or federal funds rate) plus 2.50% per year. The SPV also pays a fee of between 0.50% and 0.75% per year on undrawn amounts under the SPV Credit Facility. Payments under the SPV Credit Facility are made quarterly. The lender has a first lien security interest on substantially all of the assets of the SPV. SPV2 Credit Facility SPV2 entered into the SPV2 Credit Facility with a lender on May 13, 2020, which was subsequently amended on February 11, 2021, August 13, 2021, March 7, 2022, September 20, 2022, and June 29, 2023. The SPV2 Credit Facility provides for secured borrowings during the applicable revolving period up to a principal amount of $550,000 as of September 30, 2023, subject to availability under the SPV2 Credit Facility and restrictions imposed on borrowings under the Investment Company Act. The SPV2 Credit Facility has a revolving period through March 7, 2025, and a maturity date of March 7, 2030. Borrowings under the SPV2 Credit Facility bear interest initially at SOFR (or, if applicable, a rate based on the prime rate or federal funds rate plus 0.50%) plus 2.40% per year, plus a term SOFR adjustment of 0.15% per year. Prior to the June 29, 2023 amendment, borrowings under the SPV2 Credit Facility bore interest at LIBOR (or, if applicable, a rate based on the prime rate or federal funds rate plus 0.50%) plus 2.40% per year. SPV2 pays a fee of 0.25% per year on undrawn amounts under the SPV2 Credit Facility. Payments under the SPV2 Credit Facility are made quarterly. The lender has a security interest on substantially all of the assets of SPV2. Summary of Credit Facilities The Credit Facilities consisted of the following as of September 30, 2023 and December 31, 2022: September 30, 2023 Total Facility Borrowings Outstanding Unused Portion (1) Amount Available (2) SPV Credit Facility $ 700,000 $ 452,032 $ 247,968 $ 91,823 SPV2 Credit Facility 550,000 330,300 219,700 121,067 Total $ 1,250,000 $ 782,332 $ 467,668 $ 212,890 December 31, 2022 Total Facility Borrowings Outstanding Unused Portion (1) Amount Available (2) SPV Credit Facility $ 700,000 $ 622,104 $ 77,896 $ 39,299 SPV2 Credit Facility 550,000 360,300 189,700 99,200 Total $ 1,250,000 $ 982,404 $ 267,596 $ 138,499 (1) The unused portion is the amount upon which commitment fees are based. (2) Available for borrowing based on the computation of collateral to support the borrowings and subject to compliance with applicable covenants and financial ratios. For the three and nine months ended September 30, 2023 and 2022, the components of interest expense and credit facility fees were as follows: Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Interest expense $ 16,440 $ 10,214 $ 50,274 $ 23,650 Facility unused commitment fee 552 294 1,264 890 Amortization of deferred financing costs 679 459 1,521 1,290 Total interest expense and credit facility fees $ 17,671 $ 10,967 $ 53,059 $ 25,830 Cash paid for interest expense and credit facility fees $ 22,076 $ 7,402 $ 54,456 $ 20,855 Weighted average principal debt outstanding $ 836,784 $ 895,591 $ 906,781 $ 900,108 Weighted average interest rate (1) 7.69 % 4.41 % 7.33 % 3.46 % (1) Excludes facility unused commitment fee and amortization of deferred financing costs and debt issuance costs. As of September 30, 2023 and December 31, 2022, the components of interest and credit facility fees payable were as follows: As of September 30, 2023 December 31, 2022 Interest expense payable $ 9,179 $ 13,344 Unused commitment fees payable 407 215 Total interest expense and credit facility fees payable $ 9,586 $ 13,559 Weighted average interest rate (1) 7.66 % 6.00 % (1) Based on floating LIBOR and SOFR rates. |
COMMMITMENTS AND CONTINGENCIES
COMMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Sep. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES A summary of significant contractual payment obligations was as follows as of September 30, 2023 and December 31, 2022: As of Payment Due by Period September 30, 2023 December 31, 2022 Less than 1 Year $ — $ — 1-3 Years 452,032 — 3-5 Years — 622,104 More than 5 Years 330,300 360,300 Total $ 782,332 $ 982,404 In the ordinary course of its business, the Company enters into contracts or agreements that contain indemnification or warranties. Future events could occur that lead to the execution of these provisions against the Company. The Company believes that the likelihood of such an event is remote; however, the maximum potential exposure is unknown. No accrual has been made in the consolidated financial statements as of September 30, 2023 and December 31, 2022 for any such exposure. As of September 30, 2023 and December 31, 2022, the Company had $1,355,461 and $1,285,690, respectively, in total capital commitments from stockholders, of which $29,876 and $13,210, respectively, was unfunded. As of September 30, 2023, current officers had no unfunded capital commitments to the Company. As of December 31, 2022, current officers had $500 in unfunded capital commitments to the Company. The Company has in the past, currently is and may in the future become obligated to fund commitments such as revolving credit facilities, bridge financing commitments, or delayed draw commitments. The Company had the following unfunded commitments to fund delayed draw and revolving senior secured loans as of the indicated dates: Par / Principal Amount as of September 30, 2023 December 31, 2022 Unfunded delayed draw commitments $ 79,016 $ 79,647 Unfunded revolving commitments 68,701 79,427 Total unfunded commitments $ 147,717 $ 159,074 |
NET ASSETS
NET ASSETS | 9 Months Ended |
Sep. 30, 2023 | |
Equity [Abstract] | |
NET ASSETS | NET ASSETS The Company has the authority to issue 200,000,000 shares of common stock, $0.01 per share par value, of which 55,472,032 was issued and outstanding as of September 30, 2023. For the three and nine months ended September 30, 2023, the Company repurchased and extinguished 1,562,102 and 5,723,796 shares for $30,205 and $112,253, respectively, in connection with the tender offers as discussed below. The following table summarizes capital activity during the three months ended September 30, 2023: Common Stock Capital in Excess of Par Value Accumulated Net Investment Income (Loss) Accumulated Net Realized Gain (Loss) Accumulated Net Unrealized Appreciation (Depreciation) Total Net Assets Shares Amount Balance, July 1, 2023 55,812,408 $ 558 $ 1,137,611 $ 19,786 $ (4,813) $ (73,630) $ 1,079,512 Common stock issued 1,193,694 12 23,062 — — — 23,074 Dividend reinvestment 28,032 — 553 — — — 553 Repurchase of common stock (1,562,102) (15) (30,190) — — — (30,205) Net investment income (loss) — — — 34,122 — — 34,122 Net realized gain (loss) — — — — (201) — (201) Net change in unrealized appreciation (depreciation) on investments — — — — — 417 417 Net change in unrealized currency gains (losses) on non-investment assets and liabilities — — — — — 2,665 2,665 Dividends declared — — — (28,291) — — (28,291) Tax reclassification of stockholders’ equity in accordance with U.S. GAAP — — — — — — — Balance, September 30, 2023 55,472,032 $ 555 $ 1,131,036 $ 25,617 $ (5,014) $ (70,548) $ 1,081,646 The following table summarizes capital activity during the nine months ended September 30, 2023: Common Stock Capital in Excess of Par Value Accumulated Net Investment Income (Loss) Accumulated Net Realized Gain (Loss) Accumulated Net Unrealized Appreciation (Depreciation) Total Net Assets Shares Amount Balance, January 1, 2023 58,396,516 $ 584 $ 1,188,720 $ 8,819 $ (5,997) $ (40,625) $ 1,151,501 Common stock issued 2,722,693 27 53,077 — — — 53,104 Dividend reinvestment 76,619 1 1,514 — — — 1,515 Repurchase of common stock (5,723,796) (57) (112,196) — — — (112,253) Net investment income (loss) — — — 103,837 — — 103,837 Net realized gain (loss) — — — — (320) — (320) Net change in unrealized appreciation (depreciation) on investments — — — — — (30,114) (30,114) Net change in unrealized currency gains (losses) on non-investment assets and liabilities — — — — — 191 191 Dividends declared — — — (85,815) — — (85,815) Tax reclassification of stockholders’ equity in accordance with U.S. GAAP — — (79) (1,224) 1,303 — — Balance, September 30, 2023 55,472,032 $ 555 $ 1,131,036 $ 25,617 $ (5,014) $ (70,548) $ 1,081,646 The following table summarizes capital activity during the three months ended September 30, 2022: Common Stock Capital in Excess of Par Value Accumulated Net Investment Income (Loss) Accumulated Net Realized Gain (Loss) Accumulated Net Unrealized Appreciation (Depreciation) Total Net Assets Shares Amount Balance, July 1, 2022 60,238,425 $ 602 $ 1,225,183 $ 1,205 $ 1,942 $ (36,015) $ 1,192,917 Common stock issued 2,274,320 23 45,145 — — — 45,168 Repurchase of common stock (2,003,723) (20) (39,654) — — — (39,674) Net investment income (loss) — — — 31,254 — — 31,254 Net realized gain (loss) — — — — (4,532) — (4,532) Net change in unrealized appreciation (depreciation) on investments — — — — — (873) (873) Net change in unrealized currency gains (losses) on non-investment assets and liabilities — — — — — 7,718 7,718 Dividends declared — — — (29,700) — — (29,700) Balance, September 30, 2022 60,509,022 $ 605 $ 1,230,674 $ 2,759 $ (2,590) $ (29,170) $ 1,202,278 The following table summarizes capital activity during the nine months ended September 30, 2022: Common Stock Capital in Excess of Par Value Accumulated Net Investment Income (Loss) Accumulated Net Realized Gain (Loss) Accumulated Net Unrealized Appreciation (Depreciation) Total Net Assets Shares Amount Balance, January 1, 2022 57,005,057 $ 570 $ 1,160,819 $ 2,212 $ 3,795 $ (1,155) $ 1,166,241 Common stock issued 5,507,688 55 109,813 — — — 109,868 Repurchase of common stock (2,003,723) (20) (39,654) — — — (39,674) Net investment income (loss) — — — 85,808 — — 85,808 Net realized gain (loss) — — — — (471) — (471) Net change in unrealized appreciation (depreciation) on investments — — — — — (45,526) (45,526) Net change in unrealized currency gains (losses) on non-investment assets and liabilities — — — — — 17,511 17,511 Dividends declared — — — (85,565) (5,914) — (91,479) Tax reclassification of stockholders’ equity in accordance with U.S. GAAP — — (304) 304 — — Balance, September 30, 2022 60,509,022 $ 605 $ 1,230,674 $ 2,759 $ (2,590) $ (29,170) $ 1,202,278 Share Issuances The following table summarizes total shares of common stock issued and proceeds related to capital activity during the nine months ended September 30, 2023. Shares Issued Proceeds January 6, 2023 674,324 $ 13,210 April 11, 2023 854,675 16,820 July 6, 2023 1,193,694 23,074 Total 2,722,693 $ 53,104 On September 22, 2023, the Company delivered a capital drawdown notice to its investors relating to the issuance of 1,533,693 shares for an aggregate offering price of approximately $29,876. The shares were issued on October 4, 2023. Subscription and share issuance transactions during the nine months ended September 30, 2023 were executed at an offering price at a premium to net asset value in order to effect a reallocation of organizational costs to subsequent investors. There was no increase to net asset value per share resulting from such subscription. The following table summarizes total shares of common stock issued and proceeds related to capital activity during the nine months ended September 30, 2022. Shares Issued Proceeds June 30, 2022 3,233,368 $ 64,700 September 28, 2022 2,274,320 $ 45,168 Total 5,507,688 $ 109,868 Subscription and share issuance transactions during the nine months ended September 30, 2022 were executed at an offering price at a premium to net asset value in order to effect a reallocation of organizational costs to subsequent investors. There was no increase to net asset value per share resulting from such subscription. Earnings Per Share The Company computes earnings per common share in accordance with ASC 260. Basic earnings per common share were calculated by dividing net increase (decrease) in net assets resulting from operations attributable to the Company by the weighted-average number of common shares outstanding for the period. Basic and diluted earnings per common share were as follows: Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Net increase (decrease) in net assets resulting from operations $ 37,003 $ 33,567 $ 73,594 $ 57,322 Weighted-average common shares outstanding 55,859,507 58,896,914 56,587,119 57,654,450 Basic and diluted earnings per common share $ 0.66 $ 0.57 $ 1.30 $ 0.99 Dividends The following table summarizes the Company’s dividends declared during the two most recent fiscal years and the current fiscal year-to-date: Date Declared Record Date Payment Date Per Share Amount March 30, 2021 March 30, 2021 April 16, 2021 $ 0.48 June 29, 2021 June 29, 2021 July 16, 2021 $ 0.48 September 29, 2021 September 29, 2021 October 15, 2021 $ 0.49 December 20, 2021 December 30, 2021 January 18, 2022 $ 0.48 March 25, 2022 March 25, 2022 April 18, 2022 $ 0.60 (1) June 15, 2022 June 15, 2022 July 19, 2022 $ 0.48 September 14, 2022 September 14, 2022 October 19, 2022 $ 0.51 December 21, 2022 December 21, 2022 January 20, 2023 $ 0.52 (1) March 22, 2023 March 22, 2023 April 20, 2023 $ 0.51 June 21, 2023 June 21, 2023 July 21, 2023 $ 0.51 September 20, 2023 September 20, 2023 October 20, 2023 $ 0.51 (1) Includes capital gain distribution of $0.103745 per share for the April 18, 2022 dividend payment and $0.053510 per share for the January 20, 2023 dividend payment. Special Tender Offer On April 5, 2022, CDL Tender Fund 2022-1, L.P. (the “Purchaser”) launched a tender offer (the “Special Tender Offer”) to purchase up to $100,000,000 in aggregate amount of shares of the Company’s common stock at a purchase price of $20.13 per share (the “Special Tender Offer Purchase Price”), which represented the net asset value per share of the Company’s common stock as determined by the Company on March 29, 2022. The Special Tender Offer expired on May 3, 2022. The Purchaser accepted for purchase $100,000,000 in aggregate amount of the Company’s common stock at the Special Tender Offer Purchase Price, which represented approximately 8.71% of the total number of the Company’s outstanding shares of common stock as of May 6, 2022. As of the date of the Special Tender Offer, the Purchaser was wholly owned by its limited partners, the Investment Adviser, Cliffwater Corporate Lending Fund, a Delaware statutory trust, and AlpInvest Indigo I CI-A, L.P., a Delaware limited partnership which is advised by an affiliate of the Investment Adviser. These limited partners contributed approximately $28.6 million, $50.0 million and $21.4 million, respectively, in cash to the Purchaser to fund the purchase of the shares. Effective as of June 15, 2022, the Investment Adviser assigned its entire interest in the Purchaser to a third party for $28.4 million and as of that date no longer owns shares indirectly through the Purchaser. Quarterly Tender Offers In the second quarter of 2022, the Company commenced a quarterly liquidity program pursuant to which the Company expects to conduct quarterly tender offers (the “Quarterly Tender Offer”) to repurchase up to 3.5% of the number of shares of its common stock outstanding as of the end of the calendar quarter immediately prior to the quarter in which the Quarterly Tender Offer is conducted, at a per share price equal to the net asset value per share as of the last date of the quarter in which the Quarterly Tender Offer is conducted, less an early repurchase fee of 2% of the net asset value of such shares in the case of shares that have an initial issue date within the one year period prior to the valuation date associated with such Quarterly Tender Offer. However, the Board of Directors has the discretion to determine whether or not the Company will purchase common stock from stockholders, and the Company is not required to conduct tender offers on a quarterly basis or at all. If during any consecutive 24-month period, the Company does not engage in a quarterly tender offer in which the Company accepts for purchase 100% of properly tendered shares (a “Qualifying Tender”), the Company generally will not make commitments for new portfolio investments (excluding short-term cash management investments under 30 days in duration) and will reserve available assets to satisfy future tender requests until a Qualifying Tender occurs, subject to the Company continuing to use available funds and liquidity for certain purposes. As of September 30, 2023, the most recent Qualifying Tender was the Quarterly Tender Offer that commenced on June 30, 2023, with a cash payment date of August 11, 2023. The following summarizes the results of the Quarterly Tender Offer completed during the three and nine months ended September 30, 2023 and the three and nine months ended September 30, 2022. Cash Payment Date (1) Percentage of Outstanding Shares Offered to Repurchase Price Paid Per Share Repurchase Pricing Date Amount Repurchased (2) Shares Repurchased Percentage of Outstanding Shares Repurchased (3) March 14, 2023 3.5% $ 19.72 December 31, 2022 $ 41,763 2,117,816 3.6 % May 12, 2023 3.5% $ 19.71 March 31, 2023 $ 40,285 2,043,878 3.6 % August 11, 2023 3.5% $ 19.34 June 30, 2023 $ 30,205 1,562,102 2.8 % (1) Cash payment date is the date the Company pays cash in repayment of promissory notes issued in exchange for shares acquired by the Company upon completion of the tender offer. (2) Amount repurchased is inclusive of early repurchase fees, if applicable. (3) Percentage based on the total shares as of the close of the previous quarter. Cash Payment Date (1) Percentage of Outstanding Shares Offered to Repurchase Price Paid Per Share Repurchase Pricing Date Amount Repurchased Shares Repurchased Percentage of Outstanding Shares Repurchased (1) August 12, 2022 3.5% $ 19.80 June 30, 2022 $ 39,504 1,995,176 3.3 % (1) Percentage based on the total shares as of the close of the previous quarter. |
CONSOLIDATED FINANCIAL HIGHLIGH
CONSOLIDATED FINANCIAL HIGHLIGHTS | 9 Months Ended |
Sep. 30, 2023 | |
Investment Company [Abstract] | |
CONSOLIDATED FINANCIAL HIGHLIGHTS | CONSOLIDATED FINANCIAL HIGHLIGHTS The following is a schedule of consolidated financial highlights for the nine months ended September 30, 2023 and 2022: Nine months ended September 30, 2023 2022 Per Share Data: Net asset value per share, beginning of period $ 19.72 $ 20.46 Net investment income (loss) (1) 1.83 1.49 Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities (0.53) (0.50) Net increase (decrease) in net assets resulting from operations 1.30 0.99 Dividends declared (2) (1.53) (1.59) Other (3) 0.01 0.01 Net asset value per share, end of period $ 19.50 $ 19.87 Number of shares outstanding, end of period 55,472,032 60,509,022 Total return based on net asset value (4) 6.80 % 4.89 % Net assets, end of period $ 1,081,646 $ 1,202,278 Ratio to average net assets (5) : Expenses before incentive fees 5.93 % 3.45 % Expenses after incentive fees 7.27 % 4.57 % Net investment income (loss) 9.36 % 7.29 % Interest expense and credit facility fees 4.78 % 2.19 % Ratios/Supplemental Data: Asset coverage, end of period 238.26 % 229.22 % Portfolio turnover 5.08 % 20.43 % Total committed capital, end of period $ 1,355,461 $ 1,232,806 Ratio of total contributed capital to total committed capital, end of period 97.80 % 100.00 % Weighted-average shares outstanding 56,587,119 57,654,450 (1) Net investment income (loss) per share was calculated as net investment income (loss) for the period divided by the weighted average number of shares outstanding for the period. (2) Dividends declared per share was calculated as the sum of dividends declared during the period divided by the number of shares outstanding at the date of the relevant transaction (refer to Note 7, Net Assets to these unaudited consolidated financial statements). (3) Includes the impact of different share amounts as a result of calculating certain per share data based on the weighted-average basic shares outstanding and certain per share data based on the shares outstanding as of a period end or transaction date. (4) Total return based on net asset value (not annualized) is based on the change in net asset value per share during the period plus the declared dividends, assuming reinvestment of dividends in accordance with the dividend reinvestment plan, divided by the beginning net asset value for the period. There was no impact to total return as a result of the offering price of subscriptions during the nine months ended September 30, 2023 and 2022. (5) These ratios to average net assets have not been annualized. |
LITIGATION
LITIGATION | 9 Months Ended |
Sep. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
LITIGATION | LITIGATIONThe Company may become party to certain lawsuits in the ordinary course of business. The Company does not believe that the outcome of current matters, if any, will materially impact the Company or its consolidated financial statements. As of September 30, 2023 and December 31, 2022, the Company was not subject to any material legal proceedings, nor, to the Company’s knowledge, is any material legal proceeding threatened against the Company. In addition, portfolio investments of the Company could be the subject of litigation or regulatory investigations in the ordinary course of business. The Company does not believe that the outcome of any current contingent liabilities of its portfolio investments, if any, will materially affect the Company or these unaudited consolidated financial statements. |
TAX
TAX | 9 Months Ended |
Sep. 30, 2023 | |
Income Tax Disclosure [Abstract] | |
TAX | TAX The Company has not recorded a liability for any uncertain tax positions pursuant to the provisions of ASC 740, Income Taxes, as of September 30, 2023 and September 30, 2022. In the normal course of business, the Company is subject to examination by federal and certain state, local and foreign tax regulators. The Company elected a tax year-end of June 30. The Company's federal tax returns are generally subject to examination by the Internal Revenue service for a period of three years after they are filed. The Company's taxable income for each period is an estimate and will not be finally determined until the Company files its tax return for each year. Therefore, the final taxable income earned in each period and carried forward for distribution in the following period may be different than this estimate. The tax character of the distributions paid for the period from July 1, 2023 to September 30, 2023 and for the period from July 1, 2022 to September 30, 2022 was as follows: For the period from July 1, 2023 to September 30, 2023 For the period from July 1, 2022 to September 30, 2022 Ordinary income $ 28,291 $ 29,700 Long-term capital gains — — Tax return of capital — — |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Subsequent events have been evaluated through the date of the unaudited consolidated financial statements were issued. There have been no subsequent events that require recognition or disclosure through the date the unaudited consolidated financial statements were issued, except as disclosed below and elsewhere in these unaudited consolidated financial statements. On October 4, 2023, the Company issued 1,533,693 shares for an aggregate offering price of approximately $29,876. Upon expiration of the September 29, 2023 Tender Offer, the Company accepted for purchase 755,715 shares of common stock. See Note 7, Net Assets, to these unaudited consolidated financial statements for additional information regarding the share issuance and the September 29, 2023 Tender Offer. |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Pay vs Performance Disclosure | ||||
Net increase (decrease) in net assets resulting from operations | $ 37,003 | $ 33,567 | $ 73,594 | $ 57,322 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Sep. 30, 2023 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The unaudited consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). The Company is an investment company for the purposes of accounting and financial reporting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies (“ASC 946”). The unaudited consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, the SPVs. All significant intercompany balances and transactions have been eliminated. U.S. GAAP for an investment company requires investments to be recorded at fair value. The carrying value for all other assets and liabilities approximates their fair value. The interim unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Articles 6 and 10 of Regulation S-X. Accordingly, certain disclosures accompanying the annual consolidated financial statements prepared in accordance with U.S. GAAP are omitted. In the opinion of management, all adjustments considered necessary for the fair presentation of unaudited consolidated financial statements for the interim periods presented have been included. These adjustments are of a normal, recurring nature. This Form 10-Q should be read in conjunction with the Company’s annual report on Form 10-K for the year ended December 31, 2022. The results of operations for the three and nine months ended September 30, 2023 are not necessarily indicative of the operating results to be expected for the full year. |
Use of Estimates | Use of Estimates The preparation of unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make assumptions and estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management’s estimates are based on historical experiences and other factors, including expectations of future events that management believes to be reasonable under the circumstances. It also requires management to exercise judgment in the process of applying the Company’s accounting policies. Assumptions and estimates regarding the valuation of investments and their resulting impact on management and incentive fees involve a higher degree of judgment and complexity and these assumptions and estimates may be significant to the unaudited consolidated financial statements. Actual results could differ from these estimates and such differences could be material. |
Investments | Investments Investment transactions are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds from the repayment or sale and the amortized cost basis of the investment at the time of exit using the specific identification method without regard to unrealized appreciation or depreciation previously recognized, and includes investments charged off during the period, net of recoveries. Net change in unrealized appreciation or depreciation on investments as presented in the accompanying Consolidated Statements of Operations reflects the net change in the fair value of investments, including the reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized. See Note 3, Fair Value Measurements, to these unaudited consolidated financial statements for further information about fair value measurements. In 2023, the Company began presenting net realized currency (gain) loss on non-investment assets and liabilities and net realized (gain) loss on investments separately in the accompanying Consolidated Statements of Cash Flows, which was previously presented together as net realized (gain) loss on investments and non-investment assets and liabilities. Prior periods have been conformed to the current presentation. |
Cash and Cash Equivalents | Cash, Cash Equivalents and Restricted CashCash, cash equivalents and restricted cash consist of demand deposits and highly liquid investments (e.g., money market funds, U.S. treasury notes) with original maturities of three months or less. Cash equivalents are carried at amortized cost, which approximates fair value. The Company’s cash, cash equivalents and restricted cash are held with two large financial institutions and cash held in such financial institutions may, at times, exceed the Federal Deposit Insurance Corporation insured limit. As of September 30, 2023 and December 31, 2022, the Company held restricted cash balances of $38,167 and $51,725, respectively, which represent amounts that are collected and held by trustees appointed by the Company for payment of interest expense and principal on the outstanding borrowings, or reinvestment into new assets, and as custodians of the assets securing certain of the Company's financing transactions. |
Restricted Cash | Cash, Cash Equivalents and Restricted CashCash, cash equivalents and restricted cash consist of demand deposits and highly liquid investments (e.g., money market funds, U.S. treasury notes) with original maturities of three months or less. Cash equivalents are carried at amortized cost, which approximates fair value. The Company’s cash, cash equivalents and restricted cash are held with two large financial institutions and cash held in such financial institutions may, at times, exceed the Federal Deposit Insurance Corporation insured limit. As of September 30, 2023 and December 31, 2022, the Company held restricted cash balances of $38,167 and $51,725, respectively, which represent amounts that are collected and held by trustees appointed by the Company for payment of interest expense and principal on the outstanding borrowings, or reinvestment into new assets, and as custodians of the assets securing certain of the Company's financing transactions. |
Revenue Recognition | Revenue Recognition Interest from Investments Interest income is recorded on an accrual basis and includes the accretion of discounts and amortization of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective security using the effective interest method. The amortized cost of debt investments represents the original cost, including origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. The Company may have loans in its portfolio that contain payment-in-kind (“PIK”) provisions. PIK income represents interest that is accrued and recorded as interest income at the contractual rates, increases the loan principal on the respective capitalization dates, and is generally due at maturity. As of September 30, 2023 and December 31, 2022, the fair value of the loans in the portfolio with PIK provisions was $184,445 and $206,773, respectively, which represents approximately 10.1% and 9.9%, respectively, of total investments at fair value. For the three and nine months ended September 30, 2023, the Company earned $3,096 and $8,743 in PIK income, respectively. For the three and nine months ended September 30, 2022, the Company earned $2,618 and $7,667 in PIK income, respectively. Other Income Other income may include income such as consent, waiver, amendment, unused, underwriting, arranger and prepayment fees associated with the Company’s investment activities as well as any fees for managerial assistance services rendered by the Company to the portfolio companies. Such fees are recognized as income when earned or the services are rendered. The Company may receive fees for guaranteeing the outstanding debt of a portfolio company. Such fees are amortized into other income over the life of the guarantee. The unamortized amount, if any, is included in prepaid expenses and other assets in the accompanying Consolidated Statements of Assets and Liabilities. For the three and nine months ended September 30, 2023, the Company earned $913 and $3,932, respectively, in other income, primarily from prepayment and amendment fees. For the three and nine months ended September 30, 2022, the Company earned $2,767 and $6,350, respectively, in other income, primarily from amendment, underwriting, and prepayment fees. Non-Accrual Income |
Credit Facilities – Related Costs, Expenses and Deferred Financing Costs | Credit Facilities – Related Costs, Expenses and Deferred Financing Costs The Company, the SPV and SPV2 have each entered into a senior secured revolving credit facility (as amended, the “Subscription Facility,” which was terminated October 3, 2022, “SPV Credit Facility” and “SPV2 Credit Facility,” respectively, and together, the “Credit Facilities”). Interest expense and unused commitment fees on the Credit Facilities are recorded on an accrual basis. Unused commitment fees are included in interest expense and credit facility fees in the accompanying Consolidated Statements of Operations. The Credit Facilities are recorded at carrying value, which approximates fair value. Deferred financing costs include capitalized expenses related to the closing or amendments of the Credit Facilities. Amortization of deferred financing costs for each credit facility is computed on the straight-line basis over the respective term of each credit facility. The unamortized balance of such costs is included in prepaid expenses and other assets in the accompanying Consolidated Statements of Assets and Liabilities. The amortization of such costs is included in interest expense and credit facility fees in the accompanying Consolidated Statements of Operations. In 2022, the Company began presenting interest expense and credit facility fees together in the accompanying Consolidated Statements of Operations, which had previously been presented as separate financial statement line items. Prior periods have been conformed to the current presentation. |
Income Taxes | Income Taxes For federal income tax purposes, the Company has elected to be treated as a RIC under the Code, and intends to make the required distributions to its stockholders as specified therein. In order to qualify as a RIC, the Company must meet certain minimum distribution, source-of-income and asset diversification requirements. If such requirements are met, then the Company is generally required to pay income taxes only on the portion of its taxable income and gains it does not distribute. The minimum distribution requirements applicable to RICs require the Company to distribute to its stockholders at least 90% of its investment company taxable income (“ICTI”), as defined by the Code, each year. Depending on the level of ICTI earned in a tax year, the Company may choose to carry forward ICTI in excess of current year distributions into the next tax year. Any such carryover ICTI must be distributed before the end of that next tax year through a dividend declared prior to filing the final tax return related to the year which generated such ICTI. In addition, based on the excise distribution requirements, the Company is subject to a 4% nondeductible federal excise tax on undistributed income unless the Company distributes in a timely manner an amount at least equal to the sum of (1) 98% of its ordinary income for each calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in the preceding year. For this purpose, however, any ordinary income or capital gain net income retained by the Company that is subject to corporate income tax is considered to have been distributed. The Company intends to make sufficient distributions each taxable year to satisfy the excise distribution requirements as reasonable. The Company incurred $168 and $569 in excise tax, respectively, for the three and nine months ended September 30, 2023. The Company did not incur excise tax for the three and nine months ended September 30, 2022. The Company evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are “more likely than not” to be sustained by the applicable tax authority. The SPVs are disregarded entities for tax purposes and are consolidated with the tax return of the Company. All penalties and interest associated with income taxes, if any, are included in income tax expense. |
Dividends and Distributions to Common Stockholders | Dividends and Distributions to Common Stockholders To the extent that the Company has taxable income available, the Company intends to make quarterly distributions to its common stockholders. Dividends and distributions to common stockholders are recorded on the record date. The amount to be distributed, if any, is determined by the Board of Directors each quarter and is generally based upon the taxable earnings estimated by management and available cash. Net realized capital gains, if any, are generally distributed at least annually, although the Company may decide to retain such capital gains for investment. The Company has adopted a dividend reinvestment plan, pursuant to which all cash dividends declared by the Board of Directors are reinvested on behalf of common stockholders on shares of common stock purchased in the New Continuous Offering who do not elect to receive their dividends on such shares in cash. As a result, if the Board of Directors authorizes, and the Company declares, a cash dividend or other distribution on shares of common stock purchased in the New Continuous |
Functional Currency | Functional CurrencyThe functional currency of the Company is the U.S. Dollar. Investments are generally made in the local currency of the country in which the investments are domiciled and are translated into U.S. Dollars with foreign currency translation gains or losses recorded within net change in unrealized appreciation (depreciation) on investments in the accompanying Consolidated Statements of Operations. Foreign currency translation gains and losses on non-investment assets and liabilities are separately reflected in the accompanying Consolidated Statements of Operations. |
Earnings Per Common Share | Earnings Per Common Share The Company computes earnings per common share in accordance with ASC 260, Earnings Per Share (“ASC 260”). Basic earnings per common share is calculated by dividing the net increase (decrease) in net assets resulting from operations attributable to common stock by the weighted average number of shares of common stock outstanding. Diluted earnings per common share reflects the assumed conversion of all dilutive securities. |
Recent Accounting Standards Updates | Recent Accounting Standards UpdatesIn December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848), which defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. The expedients and exceptions provided by the amendments do not apply to contract modifications and hedging relationships entered into or evaluated after December 31, 2022, except for hedging transactions as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The Company does not expect this guidance to impact its consolidated financial statements. |
FAIR VALUE MEASUREMENTS (Tables
FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Fair Value Disclosures [Abstract] | |
Schedule of Investments Measured at Fair Value on Recurring Basis | The following tables summarize the Company’s investments measured at fair value on a recurring basis by the above fair value hierarchy levels as of September 30, 2023 and December 31, 2022: September 30, 2023 Level 1 Level 2 Level 3 Total Assets First Lien Debt $ — $ — $ 1,531,433 $ 1,531,433 Second Lien Debt — — 231,635 231,635 Equity Investments — — 69,940 69,940 Total $ — $ — $ 1,833,008 $ 1,833,008 December 31, 2022 Level 1 Level 2 Level 3 Total Assets First Lien Debt $ — $ — $ 1,755,773 $ 1,755,773 Second Lien Debt — — 260,934 260,934 Equity Investments — — 74,164 74,164 Total $ — $ — $ 2,090,871 $ 2,090,871 |
Schedule of Level 3 Input Reconciliation | The changes in the Company’s investments at fair value for which the Company has used Level 3 inputs to determine fair value and net change in unrealized appreciation (depreciation) included in earnings for Level 3 investments still held are as Financial Assets For the three months ended September 30, 2023 First Lien Debt Second Lien Debt Equity Investments Total Balance, beginning of period $ 1,598,581 $ 260,535 $ 72,327 $ 1,931,443 Purchases 35,780 381 1,256 37,417 Sales (6,566) (5,332) — (11,898) Paydowns (101,728) (23,450) (1,543) (126,721) Accretion of discount 2,131 372 100 2,603 Net realized gains (losses) (208) (45) — (253) Net change in unrealized appreciation (depreciation) 3,443 (826) (2,200) 417 Balance, end of period $ 1,531,433 $ 231,635 $ 69,940 $ 1,833,008 Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations $ 3,553 $ (738) $ (2,200) $ 615 Financial Assets For the nine months ended September 30, 2023 First Lien Debt Second Lien Debt Equity Investments Total Balance, beginning of period $ 1,755,773 $ 260,934 $ 74,164 $ 2,090,871 Purchases 95,753 1,087 4,068 100,908 Sales (36,588) (11,704) (1,495) (49,787) Paydowns (258,082) (24,450) (4,022) (286,554) Accretion of discount 6,961 771 164 7,896 Net realized gains (losses) (1,110) (94) 992 (212) Net change in unrealized appreciation (depreciation) (31,274) 5,091 (3,931) (30,114) Balance, end of period $ 1,531,433 $ 231,635 $ 69,940 $ 1,833,008 Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations $ (31,863) $ 3,499 $ (1,990) $ (30,354) Financial Assets For the three months ended September 30, 2022 First Lien Debt Second Lien Debt Equity Investments Total Balance, beginning of period $ 1,646,689 $ 281,152 $ 58,849 $ 1,986,690 Purchases 227,917 285 13,877 242,079 Sales (20,142) (19,691) — (39,833) Paydowns (94,016) — — (94,016) Accretion of discount 2,668 181 29 2,878 Net realized gains (losses) 318 (4,659) — (4,341) Net change in unrealized appreciation (depreciation) (3,813) 3,572 (632) (873) Balance, end of period $ 1,759,621 $ 260,840 $ 72,123 $ 2,092,584 Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations $ (3,310) $ (683) $ (632) $ (4,625) Financial Assets For the nine months ended September 30, 2022 First Lien Debt Second Lien Debt Equity Investments Total Balance, beginning of period $ 1,674,715 $ 337,899 $ 57,469 $ 2,070,083 Purchases 455,742 963 16,356 473,061 Sales (37,147) (23,703) — (60,850) Paydowns (310,512) (41,838) (1,125) (353,475) Accretion of discount 8,129 1,134 83 9,346 Net realized gains (losses) 3,820 (5,615) 1,740 (55) Net change in unrealized appreciation (depreciation) (35,126) (8,000) (2,400) (45,526) Balance, end of period $ 1,759,621 $ 260,840 $ 72,123 $ 2,092,584 Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations $ (28,303) $ (7,615) $ (1,072) $ (36,990) |
Schedule of Fair Value Inputs and Valuation Techniques | The following tables summarize the quantitative information related to the significant unobservable inputs for Level 3 instruments which are carried at fair value as of September 30, 2023 and December 31, 2022: Fair Value as of September 30, 2023 Valuation Techniques Significant Unobservable Inputs Range Low High Weighted Average Investments in First Lien Debt $ 1,503,445 Discounted Cash Flow Discount Rate 5.06 % 17.64 % 8.49 % 9,213 Consensus Pricing Indicative Quotes 94.00 % 98.25 % 97.12 % 18,775 Income Approach Discount Rate 9.40 % 9.40 % 9.40 % Market Approach Comparable Multiple 10.89x 10.89x 10.89x Total First Lien Debt 1,531,433 Investments in Second Lien Debt 231,635 Discounted Cash Flow Discount Rate 8.29 % 15.06 % 10.04 % Total Second Lien Debt 231,635 Investments in Equity 69,940 Income Approach Discount Rate 7.22 % 12.51 % 9.74 % Market Approach Comparable Multiple 8.55x 16.16x 10.99x Total Equity Investments 69,940 Total Level 3 Investments $ 1,833,008 Fair Value as of December 31, 2022 Valuation Techniques Significant Unobservable Inputs Range Low High Weighted Average Investments in First Lien Debt $ 1,677,160 Discounted Cash Flow Discount Rate 4.84 % 17.96 % 8.80 % 62,319 Consensus Pricing Indicative Quotes 97.00 % 100.00 % 98.50 % 16,294 Income Approach Discount Rate 9.03 % 9.03 % 9.03 % Market Approach Comparable Multiple 10.51x 10.51x 10.51x Total First Lien Debt 1,755,773 Investments in Second Lien Debt 260,934 Discounted Cash Flow Discount Rate 8.96 % 13.33 % 10.30 % Total Second Lien Debt 260,934 Investments in Equity 74,164 Income Approach Discount Rate 7.22 % 11.94 % 9.45 % Market Approach Comparable Multiple 9.10x 17.24x 10.91x Total Equity Investments 74,164 Total Level 3 Investments $ 2,090,871 |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions | Below is a summary of the base management fees and incentive fees incurred during the three and nine months ended September 30, 2023 and 2022: Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Base management fees $ 2,639 $ 3,020 $ 8,095 $ 8,847 Incentive fee on pre-incentive fee net investment income 4,898 4,461 14,847 13,184 Total base management fees and incentive fees $ 7,537 $ 7,481 $ 22,942 $ 22,031 |
BORROWINGS (Tables)
BORROWINGS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of Credit Facilities | Below is a summary of the borrowings and repayments under the Credit Facilities for the three and nine months ended September 30, 2023 and 2022. Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Outstanding borrowing, beginning of period $ 906,032 $ 884,609 $ 982,404 $ 966,947 Borrowings 30,000 166,799 169,000 321,777 Repayments (150,937) (113,225) (368,823) (340,748) Foreign currency translation (2,763) (7,760) (249) (17,553) Outstanding borrowing, end of period $ 782,332 $ 930,423 $ 782,332 $ 930,423 The Credit Facilities consisted of the following as of September 30, 2023 and December 31, 2022: September 30, 2023 Total Facility Borrowings Outstanding Unused Portion (1) Amount Available (2) SPV Credit Facility $ 700,000 $ 452,032 $ 247,968 $ 91,823 SPV2 Credit Facility 550,000 330,300 219,700 121,067 Total $ 1,250,000 $ 782,332 $ 467,668 $ 212,890 December 31, 2022 Total Facility Borrowings Outstanding Unused Portion (1) Amount Available (2) SPV Credit Facility $ 700,000 $ 622,104 $ 77,896 $ 39,299 SPV2 Credit Facility 550,000 360,300 189,700 99,200 Total $ 1,250,000 $ 982,404 $ 267,596 $ 138,499 (1) The unused portion is the amount upon which commitment fees are based. (2) Available for borrowing based on the computation of collateral to support the borrowings and subject to compliance with applicable covenants and financial ratios. For the three and nine months ended September 30, 2023 and 2022, the components of interest expense and credit facility fees were as follows: Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Interest expense $ 16,440 $ 10,214 $ 50,274 $ 23,650 Facility unused commitment fee 552 294 1,264 890 Amortization of deferred financing costs 679 459 1,521 1,290 Total interest expense and credit facility fees $ 17,671 $ 10,967 $ 53,059 $ 25,830 Cash paid for interest expense and credit facility fees $ 22,076 $ 7,402 $ 54,456 $ 20,855 Weighted average principal debt outstanding $ 836,784 $ 895,591 $ 906,781 $ 900,108 Weighted average interest rate (1) 7.69 % 4.41 % 7.33 % 3.46 % (1) Excludes facility unused commitment fee and amortization of deferred financing costs and debt issuance costs. |
Components of Interest and Credit Facilities Payable | As of September 30, 2023 and December 31, 2022, the components of interest and credit facility fees payable were as follows: As of September 30, 2023 December 31, 2022 Interest expense payable $ 9,179 $ 13,344 Unused commitment fees payable 407 215 Total interest expense and credit facility fees payable $ 9,586 $ 13,559 Weighted average interest rate (1) 7.66 % 6.00 % (1) Based on floating LIBOR and SOFR rates. |
COMMMITMENTS AND CONTINGENCIES
COMMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Summary of Payment Obligations | A summary of significant contractual payment obligations was as follows as of September 30, 2023 and December 31, 2022: As of Payment Due by Period September 30, 2023 December 31, 2022 Less than 1 Year $ — $ — 1-3 Years 452,032 — 3-5 Years — 622,104 More than 5 Years 330,300 360,300 Total $ 782,332 $ 982,404 |
Schedule of Unfunded Commitments | The Company had the following unfunded commitments to fund delayed draw and revolving senior secured loans as of the indicated dates: Par / Principal Amount as of September 30, 2023 December 31, 2022 Unfunded delayed draw commitments $ 79,016 $ 79,647 Unfunded revolving commitments 68,701 79,427 Total unfunded commitments $ 147,717 $ 159,074 |
NET ASSETS (Tables)
NET ASSETS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Equity [Abstract] | |
Summary of Changes in Net Assets | The following table summarizes capital activity during the three months ended September 30, 2023: Common Stock Capital in Excess of Par Value Accumulated Net Investment Income (Loss) Accumulated Net Realized Gain (Loss) Accumulated Net Unrealized Appreciation (Depreciation) Total Net Assets Shares Amount Balance, July 1, 2023 55,812,408 $ 558 $ 1,137,611 $ 19,786 $ (4,813) $ (73,630) $ 1,079,512 Common stock issued 1,193,694 12 23,062 — — — 23,074 Dividend reinvestment 28,032 — 553 — — — 553 Repurchase of common stock (1,562,102) (15) (30,190) — — — (30,205) Net investment income (loss) — — — 34,122 — — 34,122 Net realized gain (loss) — — — — (201) — (201) Net change in unrealized appreciation (depreciation) on investments — — — — — 417 417 Net change in unrealized currency gains (losses) on non-investment assets and liabilities — — — — — 2,665 2,665 Dividends declared — — — (28,291) — — (28,291) Tax reclassification of stockholders’ equity in accordance with U.S. GAAP — — — — — — — Balance, September 30, 2023 55,472,032 $ 555 $ 1,131,036 $ 25,617 $ (5,014) $ (70,548) $ 1,081,646 The following table summarizes capital activity during the nine months ended September 30, 2023: Common Stock Capital in Excess of Par Value Accumulated Net Investment Income (Loss) Accumulated Net Realized Gain (Loss) Accumulated Net Unrealized Appreciation (Depreciation) Total Net Assets Shares Amount Balance, January 1, 2023 58,396,516 $ 584 $ 1,188,720 $ 8,819 $ (5,997) $ (40,625) $ 1,151,501 Common stock issued 2,722,693 27 53,077 — — — 53,104 Dividend reinvestment 76,619 1 1,514 — — — 1,515 Repurchase of common stock (5,723,796) (57) (112,196) — — — (112,253) Net investment income (loss) — — — 103,837 — — 103,837 Net realized gain (loss) — — — — (320) — (320) Net change in unrealized appreciation (depreciation) on investments — — — — — (30,114) (30,114) Net change in unrealized currency gains (losses) on non-investment assets and liabilities — — — — — 191 191 Dividends declared — — — (85,815) — — (85,815) Tax reclassification of stockholders’ equity in accordance with U.S. GAAP — — (79) (1,224) 1,303 — — Balance, September 30, 2023 55,472,032 $ 555 $ 1,131,036 $ 25,617 $ (5,014) $ (70,548) $ 1,081,646 The following table summarizes capital activity during the three months ended September 30, 2022: Common Stock Capital in Excess of Par Value Accumulated Net Investment Income (Loss) Accumulated Net Realized Gain (Loss) Accumulated Net Unrealized Appreciation (Depreciation) Total Net Assets Shares Amount Balance, July 1, 2022 60,238,425 $ 602 $ 1,225,183 $ 1,205 $ 1,942 $ (36,015) $ 1,192,917 Common stock issued 2,274,320 23 45,145 — — — 45,168 Repurchase of common stock (2,003,723) (20) (39,654) — — — (39,674) Net investment income (loss) — — — 31,254 — — 31,254 Net realized gain (loss) — — — — (4,532) — (4,532) Net change in unrealized appreciation (depreciation) on investments — — — — — (873) (873) Net change in unrealized currency gains (losses) on non-investment assets and liabilities — — — — — 7,718 7,718 Dividends declared — — — (29,700) — — (29,700) Balance, September 30, 2022 60,509,022 $ 605 $ 1,230,674 $ 2,759 $ (2,590) $ (29,170) $ 1,202,278 The following table summarizes capital activity during the nine months ended September 30, 2022: Common Stock Capital in Excess of Par Value Accumulated Net Investment Income (Loss) Accumulated Net Realized Gain (Loss) Accumulated Net Unrealized Appreciation (Depreciation) Total Net Assets Shares Amount Balance, January 1, 2022 57,005,057 $ 570 $ 1,160,819 $ 2,212 $ 3,795 $ (1,155) $ 1,166,241 Common stock issued 5,507,688 55 109,813 — — — 109,868 Repurchase of common stock (2,003,723) (20) (39,654) — — — (39,674) Net investment income (loss) — — — 85,808 — — 85,808 Net realized gain (loss) — — — — (471) — (471) Net change in unrealized appreciation (depreciation) on investments — — — — — (45,526) (45,526) Net change in unrealized currency gains (losses) on non-investment assets and liabilities — — — — — 17,511 17,511 Dividends declared — — — (85,565) (5,914) — (91,479) Tax reclassification of stockholders’ equity in accordance with U.S. GAAP — — (304) 304 — — Balance, September 30, 2022 60,509,022 $ 605 $ 1,230,674 $ 2,759 $ (2,590) $ (29,170) $ 1,202,278 |
Schedule of Stock Issued and Proceeds | The following table summarizes total shares of common stock issued and proceeds related to capital activity during the nine months ended September 30, 2023. Shares Issued Proceeds January 6, 2023 674,324 $ 13,210 April 11, 2023 854,675 16,820 July 6, 2023 1,193,694 23,074 Total 2,722,693 $ 53,104 The following table summarizes total shares of common stock issued and proceeds related to capital activity during the nine months ended September 30, 2022. Shares Issued Proceeds June 30, 2022 3,233,368 $ 64,700 September 28, 2022 2,274,320 $ 45,168 Total 5,507,688 $ 109,868 |
Schedule of Basic and Diluted Earnings Per Share | Basic and diluted earnings per common share were as follows: Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Net increase (decrease) in net assets resulting from operations $ 37,003 $ 33,567 $ 73,594 $ 57,322 Weighted-average common shares outstanding 55,859,507 58,896,914 56,587,119 57,654,450 Basic and diluted earnings per common share $ 0.66 $ 0.57 $ 1.30 $ 0.99 |
Summary of Dividends Declared | The following table summarizes the Company’s dividends declared during the two most recent fiscal years and the current fiscal year-to-date: Date Declared Record Date Payment Date Per Share Amount March 30, 2021 March 30, 2021 April 16, 2021 $ 0.48 June 29, 2021 June 29, 2021 July 16, 2021 $ 0.48 September 29, 2021 September 29, 2021 October 15, 2021 $ 0.49 December 20, 2021 December 30, 2021 January 18, 2022 $ 0.48 March 25, 2022 March 25, 2022 April 18, 2022 $ 0.60 (1) June 15, 2022 June 15, 2022 July 19, 2022 $ 0.48 September 14, 2022 September 14, 2022 October 19, 2022 $ 0.51 December 21, 2022 December 21, 2022 January 20, 2023 $ 0.52 (1) March 22, 2023 March 22, 2023 April 20, 2023 $ 0.51 June 21, 2023 June 21, 2023 July 21, 2023 $ 0.51 September 20, 2023 September 20, 2023 October 20, 2023 $ 0.51 (1) Includes capital gain distribution of $0.103745 per share for the April 18, 2022 dividend payment and $0.053510 per share for the January 20, 2023 dividend payment. |
Summary of Quarterly Tender Offers | The following summarizes the results of the Quarterly Tender Offer completed during the three and nine months ended September 30, 2023 and the three and nine months ended September 30, 2022. Cash Payment Date (1) Percentage of Outstanding Shares Offered to Repurchase Price Paid Per Share Repurchase Pricing Date Amount Repurchased (2) Shares Repurchased Percentage of Outstanding Shares Repurchased (3) March 14, 2023 3.5% $ 19.72 December 31, 2022 $ 41,763 2,117,816 3.6 % May 12, 2023 3.5% $ 19.71 March 31, 2023 $ 40,285 2,043,878 3.6 % August 11, 2023 3.5% $ 19.34 June 30, 2023 $ 30,205 1,562,102 2.8 % (1) Cash payment date is the date the Company pays cash in repayment of promissory notes issued in exchange for shares acquired by the Company upon completion of the tender offer. (2) Amount repurchased is inclusive of early repurchase fees, if applicable. (3) Percentage based on the total shares as of the close of the previous quarter. Cash Payment Date (1) Percentage of Outstanding Shares Offered to Repurchase Price Paid Per Share Repurchase Pricing Date Amount Repurchased Shares Repurchased Percentage of Outstanding Shares Repurchased (1) August 12, 2022 3.5% $ 19.80 June 30, 2022 $ 39,504 1,995,176 3.3 % (1) Percentage based on the total shares as of the close of the previous quarter. |
CONSOLIDATED FINANCIAL HIGHLI_2
CONSOLIDATED FINANCIAL HIGHLIGHTS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Investment Company [Abstract] | |
Schedule of Consolidated Financial Highlights | The following is a schedule of consolidated financial highlights for the nine months ended September 30, 2023 and 2022: Nine months ended September 30, 2023 2022 Per Share Data: Net asset value per share, beginning of period $ 19.72 $ 20.46 Net investment income (loss) (1) 1.83 1.49 Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities (0.53) (0.50) Net increase (decrease) in net assets resulting from operations 1.30 0.99 Dividends declared (2) (1.53) (1.59) Other (3) 0.01 0.01 Net asset value per share, end of period $ 19.50 $ 19.87 Number of shares outstanding, end of period 55,472,032 60,509,022 Total return based on net asset value (4) 6.80 % 4.89 % Net assets, end of period $ 1,081,646 $ 1,202,278 Ratio to average net assets (5) : Expenses before incentive fees 5.93 % 3.45 % Expenses after incentive fees 7.27 % 4.57 % Net investment income (loss) 9.36 % 7.29 % Interest expense and credit facility fees 4.78 % 2.19 % Ratios/Supplemental Data: Asset coverage, end of period 238.26 % 229.22 % Portfolio turnover 5.08 % 20.43 % Total committed capital, end of period $ 1,355,461 $ 1,232,806 Ratio of total contributed capital to total committed capital, end of period 97.80 % 100.00 % Weighted-average shares outstanding 56,587,119 57,654,450 (1) Net investment income (loss) per share was calculated as net investment income (loss) for the period divided by the weighted average number of shares outstanding for the period. (2) Dividends declared per share was calculated as the sum of dividends declared during the period divided by the number of shares outstanding at the date of the relevant transaction (refer to Note 7, Net Assets to these unaudited consolidated financial statements). (3) Includes the impact of different share amounts as a result of calculating certain per share data based on the weighted-average basic shares outstanding and certain per share data based on the shares outstanding as of a period end or transaction date. (4) Total return based on net asset value (not annualized) is based on the change in net asset value per share during the period plus the declared dividends, assuming reinvestment of dividends in accordance with the dividend reinvestment plan, divided by the beginning net asset value for the period. There was no impact to total return as a result of the offering price of subscriptions during the nine months ended September 30, 2023 and 2022. (5) These ratios to average net assets have not been annualized. |
TAX (Tables)
TAX (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Income Tax Disclosure [Abstract] | |
Schedule of Tax Character of Distributions Paid | The tax character of the distributions paid for the period from July 1, 2023 to September 30, 2023 and for the period from July 1, 2022 to September 30, 2022 was as follows: For the period from July 1, 2023 to September 30, 2023 For the period from July 1, 2022 to September 30, 2022 Ordinary income $ 28,291 $ 29,700 Long-term capital gains — — Tax return of capital — — |
SIGNIFICANT ACCOUNTING POLICI_3
SIGNIFICANT ACCOUNTING POLICIES (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 USD ($) financial_institution | Sep. 30, 2022 USD ($) | Sep. 30, 2023 USD ($) financial_institution | Sep. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Summary of Investment Holdings [Line Items] | |||||
Number of financial institutions | financial_institution | 2 | 2 | |||
Restricted cash | $ 38,167,000 | $ 38,167,000 | $ 51,725,000 | ||
Cash denominated in a foreign currency | 884,000 | 884,000 | 2,399,000 | ||
Fair value of loans with PIK provisions | 184,445,000 | 184,445,000 | 206,773,000 | ||
PIK income | 3,096,000 | $ 2,618,000 | 8,743,000 | $ 7,667,000 | |
Other income | 913,000 | 2,767,000 | 3,932,000 | 6,350,000 | |
Fair value of loans on non-accrual status | 8,855,000 | 8,855,000 | $ 7,176,000 | ||
Excise tax expense | $ 168,000 | $ 0 | $ 569,000 | $ 0 | |
Investments at fair value | Investment type concentration | |||||
Summary of Investment Holdings [Line Items] | |||||
Concentration risk percentage | 100% | 100% | |||
Investments at fair value | Investment type concentration | PIK loan | |||||
Summary of Investment Holdings [Line Items] | |||||
Concentration risk percentage | 10.10% | 9.90% |
FAIR VALUE MEASUREMENTS - Sched
FAIR VALUE MEASUREMENTS - Schedule of Investments Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | $ 1,833,008 | [1],[2] | $ 2,090,871 | [3] |
First Lien Debt | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 1,531,433 | 1,755,773 | ||
Second Lien Debt | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 231,635 | 260,934 | ||
Equity Investments | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 69,940 | 74,164 | ||
Level 1 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 0 | 0 | ||
Level 1 | First Lien Debt | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 0 | 0 | ||
Level 1 | Second Lien Debt | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 0 | 0 | ||
Level 1 | Equity Investments | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 0 | 0 | ||
Level 2 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 0 | 0 | ||
Level 2 | First Lien Debt | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 0 | 0 | ||
Level 2 | Second Lien Debt | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 0 | 0 | ||
Level 2 | Equity Investments | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 0 | 0 | ||
Level 3 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 1,833,008 | 2,090,871 | ||
Level 3 | First Lien Debt | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 1,531,433 | 1,755,773 | ||
Level 3 | Second Lien Debt | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | 231,635 | 260,934 | ||
Level 3 | Equity Investments | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair value | $ 69,940 | $ 74,164 | ||
[1]Fair value is determined in good faith by the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments and equity investments was determined using significant unobservable inputs.[2]Unless otherwise indicated, issuers of debt and equity investments held by the Company are domiciled in the United States. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of September 30, 2023, the Company does not “control” any of these portfolio companies. Under the Investment Company Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of September 30, 2023, the Company is not an “affiliated person” of any of these portfolio companies. Certain portfolio company investments are subject to contractual restrictions on sales.[3]Fair value is determined in good faith by the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments and equity investments was determined using significant unobservable inputs. |
FAIR VALUE MEASUREMENTS - Sch_2
FAIR VALUE MEASUREMENTS - Schedule of Level 3 Input Reconciliation (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Total | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Balance, beginning of period | $ 1,931,443 | $ 1,986,690 | $ 2,090,871 | $ 2,070,083 |
Purchases | 37,417 | 242,079 | 100,908 | 473,061 |
Sales | (11,898) | (39,833) | (49,787) | (60,850) |
Paydowns | (126,721) | (94,016) | (286,554) | (353,475) |
Accretion of discount | 2,603 | 2,878 | 7,896 | 9,346 |
Balance, end of period | 1,833,008 | 2,092,584 | 1,833,008 | 2,092,584 |
Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations | 615 | (4,625) | (30,354) | (36,990) |
Total | Net realized gains (losses) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Net gain (loss) included in earnings | (253) | (4,341) | (212) | (55) |
Total | Net change in unrealized appreciation (depreciation) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Net gain (loss) included in earnings | 417 | (873) | (30,114) | (45,526) |
First Lien Debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Balance, beginning of period | 1,598,581 | 1,646,689 | 1,755,773 | 1,674,715 |
Purchases | 35,780 | 227,917 | 95,753 | 455,742 |
Sales | (6,566) | (20,142) | (36,588) | (37,147) |
Paydowns | (101,728) | (94,016) | (258,082) | (310,512) |
Accretion of discount | 2,131 | 2,668 | 6,961 | 8,129 |
Balance, end of period | 1,531,433 | 1,759,621 | 1,531,433 | 1,759,621 |
Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations | 3,553 | (3,310) | (31,863) | (28,303) |
First Lien Debt | Net realized gains (losses) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Net gain (loss) included in earnings | (208) | 318 | (1,110) | 3,820 |
First Lien Debt | Net change in unrealized appreciation (depreciation) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Net gain (loss) included in earnings | 3,443 | (3,813) | (31,274) | (35,126) |
Second Lien Debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Balance, beginning of period | 260,535 | 281,152 | 260,934 | 337,899 |
Purchases | 381 | 285 | 1,087 | 963 |
Sales | (5,332) | (19,691) | (11,704) | (23,703) |
Paydowns | (23,450) | 0 | (24,450) | (41,838) |
Accretion of discount | 372 | 181 | 771 | 1,134 |
Balance, end of period | 231,635 | 260,840 | 231,635 | 260,840 |
Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations | (738) | (683) | 3,499 | (7,615) |
Second Lien Debt | Net realized gains (losses) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Net gain (loss) included in earnings | (45) | (4,659) | (94) | (5,615) |
Second Lien Debt | Net change in unrealized appreciation (depreciation) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Net gain (loss) included in earnings | (826) | 3,572 | 5,091 | (8,000) |
Equity Investments | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Balance, beginning of period | 72,327 | 58,849 | 74,164 | 57,469 |
Purchases | 1,256 | 13,877 | 4,068 | 16,356 |
Sales | 0 | 0 | (1,495) | 0 |
Paydowns | (1,543) | 0 | (4,022) | (1,125) |
Accretion of discount | 100 | 29 | 164 | 83 |
Balance, end of period | 69,940 | 72,123 | 69,940 | 72,123 |
Net change in unrealized appreciation (depreciation) relating to Level 3 investments still held at the reporting date included on the Consolidated Statements of Operations | (2,200) | (632) | (1,990) | (1,072) |
Equity Investments | Net realized gains (losses) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Net gain (loss) included in earnings | 0 | 0 | 992 | 1,740 |
Equity Investments | Net change in unrealized appreciation (depreciation) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Net gain (loss) included in earnings | $ (2,200) | $ (632) | $ (3,931) | $ (2,400) |
FAIR VALUE MEASUREMENTS - Sch_3
FAIR VALUE MEASUREMENTS - Schedule of Fair Value Inputs and Valuation Techniques (Details) $ in Thousands | Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | $ 1,833,008 | [1],[2] | $ 2,090,871 | [3] |
First Lien Debt | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | 1,531,433 | 1,755,773 | ||
Second Lien Debt | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | 231,635 | 260,934 | ||
Equity Investments | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | 69,940 | 74,164 | ||
Level 3 | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | 1,833,008 | 2,090,871 | ||
Level 3 | First Lien Debt | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | 1,531,433 | 1,755,773 | ||
Level 3 | First Lien Debt | Discounted Cash Flow | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | $ 1,503,445 | $ 1,677,160 | ||
Level 3 | First Lien Debt | Discounted Cash Flow | Discount Rate | Low | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.0506 | 0.0484 | ||
Level 3 | First Lien Debt | Discounted Cash Flow | Discount Rate | High | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.1764 | 0.1796 | ||
Level 3 | First Lien Debt | Discounted Cash Flow | Discount Rate | Weighted Average | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.0849 | 0.0880 | ||
Level 3 | First Lien Debt | Consensus Pricing | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | $ 9,213 | $ 62,319 | ||
Level 3 | First Lien Debt | Consensus Pricing | Indicative Quotes | Low | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.9400 | 0.9700 | ||
Level 3 | First Lien Debt | Consensus Pricing | Indicative Quotes | High | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.9825 | 1 | ||
Level 3 | First Lien Debt | Consensus Pricing | Indicative Quotes | Weighted Average | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.9712 | 0.9850 | ||
Level 3 | First Lien Debt | Income Approach | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | $ 18,775 | $ 16,294 | ||
Level 3 | First Lien Debt | Income Approach | Discount Rate | Low | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.0940 | 0.0903 | ||
Level 3 | First Lien Debt | Income Approach | Discount Rate | High | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.0940 | 0.0903 | ||
Level 3 | First Lien Debt | Income Approach | Discount Rate | Weighted Average | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.0940 | 0.0903 | ||
Level 3 | First Lien Debt | Market Approach | Comparable Multiple | Low | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 10.89 | 10.51 | ||
Level 3 | First Lien Debt | Market Approach | Comparable Multiple | High | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 10.89 | 10.51 | ||
Level 3 | First Lien Debt | Market Approach | Comparable Multiple | Weighted Average | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 10.89 | 10.51 | ||
Level 3 | Second Lien Debt | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | $ 231,635 | $ 260,934 | ||
Level 3 | Second Lien Debt | Discounted Cash Flow | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | $ 231,635 | $ 260,934 | ||
Level 3 | Second Lien Debt | Discounted Cash Flow | Discount Rate | Low | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.0829 | 0.0896 | ||
Level 3 | Second Lien Debt | Discounted Cash Flow | Discount Rate | High | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.1506 | 0.1333 | ||
Level 3 | Second Lien Debt | Discounted Cash Flow | Discount Rate | Weighted Average | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.1004 | 0.1030 | ||
Level 3 | Equity Investments | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | $ 69,940 | $ 74,164 | ||
Level 3 | Equity Investments | Income Approach | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair value | $ 69,940 | $ 74,164 | ||
Level 3 | Equity Investments | Income Approach | Discount Rate | Low | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.0722 | 0.0722 | ||
Level 3 | Equity Investments | Income Approach | Discount Rate | High | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.1251 | 0.1194 | ||
Level 3 | Equity Investments | Income Approach | Discount Rate | Weighted Average | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 0.0974 | 0.0945 | ||
Level 3 | Equity Investments | Market Approach | Comparable Multiple | Low | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 8,550 | 9,100 | ||
Level 3 | Equity Investments | Market Approach | Comparable Multiple | High | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 16,160 | 17,240 | ||
Level 3 | Equity Investments | Market Approach | Comparable Multiple | Weighted Average | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Investment, measurement input | 10,990 | 10,910 | ||
[1]Fair value is determined in good faith by the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments and equity investments was determined using significant unobservable inputs.[2]Unless otherwise indicated, issuers of debt and equity investments held by the Company are domiciled in the United States. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of September 30, 2023, the Company does not “control” any of these portfolio companies. Under the Investment Company Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of September 30, 2023, the Company is not an “affiliated person” of any of these portfolio companies. Certain portfolio company investments are subject to contractual restrictions on sales.[3]Fair value is determined in good faith by the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments and equity investments was determined using significant unobservable inputs. |
RELATED PARTY TRANSACTIONS - Na
RELATED PARTY TRANSACTIONS - Narrative (Details) | 3 Months Ended | 4 Months Ended | 9 Months Ended | ||||||||
May 04, 2023 day | Jan. 21, 2022 | Oct. 11, 2021 | Jun. 26, 2017 component | Apr. 18, 2017 day | Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Jan. 21, 2022 | Sep. 30, 2023 USD ($) member | Sep. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Related Party Transaction [Line Items] | |||||||||||
Net investment income incentive fee (Note 4) | $ 4,898,000 | $ 4,461,000 | $ 14,847,000 | $ 13,184,000 | |||||||
Base management and incentive fees payable | 7,521,000 | 7,521,000 | $ 7,703,000 | ||||||||
Administrative service fees | 368,000 | 331,000 | 809,000 | 1,050,000 | |||||||
Administrative service fees payable | 1,246,000 | 1,246,000 | 854,000 | ||||||||
Other general and administrative | 638,000 | 794,000 | 1,732,000 | 1,948,000 | |||||||
Other accrued expenses and liabilities | 2,564,000 | 2,564,000 | 2,818,000 | ||||||||
Directors’ fees and expenses | 61,000 | 98,000 | 207,000 | 300,000 | |||||||
Related party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Administrative service fees | 368,000 | 331,000 | 809,000 | 1,050,000 | |||||||
Administrative service fees payable | 1,246,000 | 1,246,000 | 854,000 | ||||||||
Other general and administrative | 193,000 | 212,000 | 594,000 | 698,000 | |||||||
Other accrued expenses and liabilities | 1,015,000 | 1,015,000 | 842,000 | ||||||||
Affiliated entity | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Transaction amount | 685,000 | 0 | 2,192,000 | 1,554,000 | |||||||
Independent directors | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Other accrued expenses and liabilities | 0 | $ 0 | $ 0 | ||||||||
Number board members | member | 7 | ||||||||||
Number of board members, independent trustees | member | 4 | ||||||||||
Directors’ fees and expenses | 61,000 | 98,000 | $ 207,000 | 300,000 | |||||||
Investment Advisory Agreement | Related party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Agreement period | 2 years | 2 years | |||||||||
Number of components | component | 2 | ||||||||||
Base management fee rate | 1% | 1% | |||||||||
Extension period | 1 year | ||||||||||
Termination notice, number of written days notice threshold | day | 60 | ||||||||||
Incentive fee on pre-incentive fee net investment income | Related party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Incentive rate | 12.50% | 15% | |||||||||
Quarterly hurdle rate | Related party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Incentive rate | 1.25% | 1.75% | |||||||||
Annualized hurdle rate | Related party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Incentive rate | 5% | 7% | |||||||||
Realized capital gains incentive fees | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Net investment income incentive fee (Note 4) | $ 0 | $ 0 | $ 0 | $ 0 | |||||||
Realized capital gains incentive fees | Related party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Incentive rate | 12.50% | 15% | |||||||||
Cumulative total return threshold | Related party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Incentive rate | 7% | ||||||||||
Administration agreement | Related party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Extension period | 1 year | ||||||||||
Termination notice, number of written days notice threshold | day | 60 | ||||||||||
Sub-administration agreements | Related party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Agreement period | 1 year |
RELATED PARTY TRANSACTIONS - Sc
RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Related Party Transactions [Abstract] | ||||
Base management fees | $ 2,639 | $ 3,020 | $ 8,095 | $ 8,847 |
Incentive fee on pre-incentive fee net investment income | 4,898 | 4,461 | 14,847 | 13,184 |
Total base management fees and incentive fees | $ 7,537 | $ 7,481 | $ 22,942 | $ 22,031 |
BORROWINGS - Narrative (Details
BORROWINGS - Narrative (Details) $ in Thousands | Jun. 29, 2023 | Sep. 20, 2022 | Mar. 28, 2022 extension | Oct. 02, 2020 | Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | Sep. 30, 2022 |
Line of Credit Facility [Line Items] | |||||||
Asset coverage ratio | 238.26% | 217.21% | 229.22% | ||||
Line of credit | Secured debt | |||||||
Line of Credit Facility [Line Items] | |||||||
Maximum borrowing capacity | $ 1,250,000 | $ 1,250,000 | |||||
Line of credit | Subscription Facility | Secured debt | |||||||
Line of Credit Facility [Line Items] | |||||||
Unused capacity commitment fee | 0.25% | ||||||
Line of credit | Subscription Facility | LIBOR | Secured debt | |||||||
Line of Credit Facility [Line Items] | |||||||
Basis spread on variable rate | 1.95% | ||||||
Variable rate floor | 0.50% | ||||||
Line of credit | SPV Credit Facility | Secured debt | |||||||
Line of Credit Facility [Line Items] | |||||||
Maximum borrowing capacity | 700,000 | 700,000 | |||||
Number of extensions | extension | 1 | ||||||
Extension term | 1 year | ||||||
Line of credit | SPV Credit Facility | Secured debt | Minimum | |||||||
Line of Credit Facility [Line Items] | |||||||
Unused capacity commitment fee | 0.50% | ||||||
Line of credit | SPV Credit Facility | Secured debt | Maximum | |||||||
Line of Credit Facility [Line Items] | |||||||
Unused capacity commitment fee | 0.75% | ||||||
Line of credit | SPV Credit Facility | SOFR | Secured debt | |||||||
Line of Credit Facility [Line Items] | |||||||
Basis spread on variable rate | 2.50% | ||||||
Line of credit | SPV2 Credit Facility | Secured debt | |||||||
Line of Credit Facility [Line Items] | |||||||
Unused capacity commitment fee | 0.25% | ||||||
Maximum borrowing capacity | $ 550,000 | $ 550,000 | |||||
Line of credit | SPV2 Credit Facility | SOFR | Secured debt | |||||||
Line of Credit Facility [Line Items] | |||||||
Basis spread on variable rate | 2.40% | ||||||
Line of credit | SPV2 Credit Facility | Federal Funds Rate | Secured debt | |||||||
Line of Credit Facility [Line Items] | |||||||
Basis spread on variable rate | 0.50% | 0.50% | |||||
Line of credit | SPV2 Credit Facility | SOFR Adjustment | Secured debt | |||||||
Line of Credit Facility [Line Items] | |||||||
Basis spread on variable rate | 0.15% | ||||||
Line of credit | SPV2 Credit Facility | LIBOR | Secured debt | |||||||
Line of Credit Facility [Line Items] | |||||||
Basis spread on variable rate | 2.40% |
BORROWINGS - Schedule of Borrow
BORROWINGS - Schedule of Borrowings and Repayments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Line of Credit Facility, Increase (Decrease) [Roll Forward] | ||||
Outstanding borrowing, beginning of period | $ 906,032 | $ 884,609 | $ 982,404 | $ 966,947 |
Borrowings | 30,000 | 166,799 | 169,000 | 321,777 |
Repayments | (150,937) | (113,225) | (368,823) | (340,748) |
Foreign currency translation | (2,763) | (7,760) | (249) | (17,553) |
Outstanding borrowing, end of period | $ 782,332 | $ 930,423 | $ 782,332 | $ 930,423 |
BORROWINGS - Summary of Credit
BORROWINGS - Summary of Credit Facility (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Line of Credit Facility [Line Items] | ||||||
Borrowings Outstanding | $ 782,332 | $ 906,032 | $ 982,404 | $ 930,423 | $ 884,609 | $ 966,947 |
Line of credit | Secured debt | ||||||
Line of Credit Facility [Line Items] | ||||||
Total Facility | 1,250,000 | 1,250,000 | ||||
Borrowings Outstanding | 782,332 | 982,404 | ||||
Unused Portion | 467,668 | 267,596 | ||||
Amount Available | 212,890 | 138,499 | ||||
SPV Credit Facility | Line of credit | Secured debt | ||||||
Line of Credit Facility [Line Items] | ||||||
Total Facility | 700,000 | 700,000 | ||||
Borrowings Outstanding | 452,032 | 622,104 | ||||
Unused Portion | 247,968 | 77,896 | ||||
Amount Available | 91,823 | 39,299 | ||||
SPV2 Credit Facility | Line of credit | Secured debt | ||||||
Line of Credit Facility [Line Items] | ||||||
Total Facility | 550,000 | 550,000 | ||||
Borrowings Outstanding | 330,300 | 360,300 | ||||
Unused Portion | 219,700 | 189,700 | ||||
Amount Available | $ 121,067 | $ 99,200 |
BORROWINGS - Components of Inte
BORROWINGS - Components of Interest Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Debt Instrument [Line Items] | ||||
Interest expense | $ 16,440 | $ 10,214 | $ 50,274 | $ 23,650 |
Facility unused commitment fee | 552 | 294 | 1,264 | 890 |
Amortization of deferred financing costs | 679 | 459 | 1,521 | 1,289 |
Total interest expense and credit facility fees | 17,671 | 10,967 | 53,059 | 25,830 |
Cash paid for interest expense and credit facility fees | 22,076 | 7,402 | 54,456 | 20,855 |
Weighted average principal debt outstanding | $ 836,784 | $ 895,591 | $ 906,781 | $ 900,108 |
Weighted average interest rate | 7.69% | 4.41% | 7.33% | 3.46% |
Previously reported | ||||
Debt Instrument [Line Items] | ||||
Amortization of deferred financing costs | $ 1,290 |
BORROWINGS - Components of In_2
BORROWINGS - Components of Interest and Credit Facilities Payable (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Debt Disclosure [Abstract] | ||
Interest expense payable | $ 9,179 | $ 13,344 |
Unused commitment fees payable | 407 | 215 |
Total interest expense and credit facility fees payable | $ 9,586 | $ 13,559 |
Weighted average interest rate | 7.66% | 6% |
COMMMITMENTS AND CONTINGENCIE_2
COMMMITMENTS AND CONTINGENCIES - Summary of Payment Obligations (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Payment Due by Period | ||
Less than 1 Year | $ 0 | $ 0 |
1-3 Years | 452,032 | 0 |
3-5 Years | 0 | 622,104 |
More than 5 Years | 330,300 | 360,300 |
Total | $ 782,332 | $ 982,404 |
COMMMITMENTS AND CONTINGENCIE_3
COMMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Financial Support for Nonconsolidated Legal Entity [Line Items] | |||
Committed capital | $ 1,355,461,000 | $ 1,232,806,000 | |
Stockholders | |||
Financial Support for Nonconsolidated Legal Entity [Line Items] | |||
Committed capital | 1,355,461,000 | $ 1,285,690,000 | |
Committed capital, unfunded | 29,876,000 | 13,210,000 | |
Officers | |||
Financial Support for Nonconsolidated Legal Entity [Line Items] | |||
Committed capital, unfunded | $ 0 | $ 500,000 |
COMMMITMENTS AND CONTINGENCIE_4
COMMMITMENTS AND CONTINGENCIES - Schedule of Unfunded Commitments (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Financial Support for Nonconsolidated Legal Entity [Line Items] | ||
Total unfunded commitments | $ 147,717 | $ 159,074 |
Unfunded delayed draw commitments | ||
Financial Support for Nonconsolidated Legal Entity [Line Items] | ||
Total unfunded commitments | 79,016 | 79,647 |
Unfunded revolving commitments | ||
Financial Support for Nonconsolidated Legal Entity [Line Items] | ||
Total unfunded commitments | $ 68,701 | $ 79,427 |
NET ASSETS - Narrative (Details
NET ASSETS - Narrative (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||||||||||||||||
Oct. 27, 2023 | Oct. 04, 2023 | Sep. 30, 2023 | Sep. 29, 2023 | Jul. 06, 2023 | Jun. 30, 2023 | Apr. 11, 2023 | Mar. 31, 2023 | Jan. 06, 2023 | Dec. 31, 2022 | Sep. 28, 2022 | Jun. 30, 2022 | Jun. 15, 2022 | Apr. 05, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Class of Stock [Line Items] | |||||||||||||||||||
Common stock, authorized (in shares) | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | |||||||||||||||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | |||||||||||||||
Common stock, issued (in shares) | 55,472,032 | 58,396,516 | 55,472,032 | 55,472,032 | |||||||||||||||
Common stock, outstanding (in shares) | 55,472,032 | 58,396,516 | 55,472,032 | 60,509,022 | 55,472,032 | 60,509,022 | |||||||||||||
Shares repurchased (in shares) | 1,562,102 | 2,043,878 | 2,117,816 | 1,995,176 | 1,562,102 | 5,723,796 | |||||||||||||
Amount repurchased | $ 30,205,000 | $ 40,285,000 | $ 41,763,000 | $ 39,504,000 | $ 30,205,000 | $ 39,674,000 | $ 112,253,000 | $ 39,674,000 | |||||||||||
Sale of stock, number of shares issued | 1,193,694 | 854,675 | 674,324 | 2,274,320 | 3,233,368 | 2,722,693 | 5,507,688 | ||||||||||||
Sale of stock, proceeds | $ 23,074,000 | $ 16,820,000 | $ 13,210,000 | $ 45,168,000 | $ 64,700,000 | $ 53,104,000 | $ 109,868,000 | ||||||||||||
Percentage of Outstanding Shares Offered to Repurchase | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | ||||||||||||||
Early repurchase fee | 2% | 2% | |||||||||||||||||
Offer period | 24 months | ||||||||||||||||||
Percentage of outstanding shares repurchased | 2.80% | 3.60% | 3.60% | 3.30% | 3.30% | ||||||||||||||
Price paid per share (in dollars per share) | $ 19.34 | $ 19.71 | $ 19.72 | $ 19.80 | |||||||||||||||
Q3 2023 Tender Offer | |||||||||||||||||||
Class of Stock [Line Items] | |||||||||||||||||||
Percentage of Outstanding Shares Offered to Repurchase | 3.50% | ||||||||||||||||||
Early repurchase fee | 2% | 2% | 2% | ||||||||||||||||
Stock repurchase program, number of shares authorized | 1,953,434 | ||||||||||||||||||
Percentage of outstanding shares repurchased | 1.40% | 1.40% | 1.40% | ||||||||||||||||
Price paid per share (in dollars per share) | $ 19.50 | ||||||||||||||||||
Early repurchase fee, shares not outstanding, period threshold | 1 year | ||||||||||||||||||
Subsequent event | |||||||||||||||||||
Class of Stock [Line Items] | |||||||||||||||||||
Sale of stock, number of shares issued | 1,533,693 | ||||||||||||||||||
Sale of stock, proceeds | $ 29,876,000 | ||||||||||||||||||
Subsequent event | Q3 2023 Tender Offer | |||||||||||||||||||
Class of Stock [Line Items] | |||||||||||||||||||
Shares repurchased (in shares) | 755,715 | ||||||||||||||||||
Special Tender Offer | |||||||||||||||||||
Class of Stock [Line Items] | |||||||||||||||||||
Sale of stock, maximum issuance amount | $ 100,000,000 | ||||||||||||||||||
Sale of stock, offering price (in dollars per share) | $ 20.13 | ||||||||||||||||||
Percent of total shares outstanding | 8.71% | ||||||||||||||||||
Special Tender Offer | Investment Adviser | |||||||||||||||||||
Class of Stock [Line Items] | |||||||||||||||||||
Sale of stock, proceeds | $ 28,600,000 | ||||||||||||||||||
Special Tender Offer | CCLF | |||||||||||||||||||
Class of Stock [Line Items] | |||||||||||||||||||
Sale of stock, proceeds | 50,000,000 | ||||||||||||||||||
Special Tender Offer | AlpInvest Indigo I CI-A | |||||||||||||||||||
Class of Stock [Line Items] | |||||||||||||||||||
Sale of stock, proceeds | $ 21,400,000 | ||||||||||||||||||
Special Tender Offer | Other third party | |||||||||||||||||||
Class of Stock [Line Items] | |||||||||||||||||||
Equity interest reassigned | $ 28,400,000 |
NET ASSETS - Summary of Changes
NET ASSETS - Summary of Changes in Net Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Investment Company, Net Assets [Roll Forward] | ||||||||
Balance, beginning of period (in shares) | 58,396,516 | |||||||
Net assets at beginning of period | $ 1,079,512 | $ 1,192,917 | $ 1,151,501 | $ 1,166,241 | ||||
Common stock issued | 23,074 | 45,168 | 53,104 | 109,868 | ||||
Dividend reinvestment | $ 553 | $ 1,515 | 0 | |||||
Repurchase of common stock (in shares) | (1,562,102) | (2,043,878) | (2,117,816) | (1,995,176) | (1,562,102) | (5,723,796) | ||
Repurchase of common stock | $ (30,205) | $ (40,285) | $ (41,763) | $ (39,504) | $ (30,205) | (39,674) | $ (112,253) | (39,674) |
Net investment income (loss) | 34,122 | 31,254 | 103,837 | 85,808 | ||||
Net realized gain (loss) | (201) | (4,532) | (320) | (471) | ||||
Net change in unrealized appreciation (depreciation) on investments | 417 | (873) | (30,114) | (45,526) | ||||
Net change in unrealized currency gains (losses) on non-investment assets and liabilities | 2,665 | 7,718 | 191 | 17,511 | ||||
Dividends declared | (28,291) | (29,700) | (85,815) | (91,479) | ||||
Tax reclassification of stockholders’ equity in accordance with U.S. GAAP | $ 0 | $ 0 | 0 | |||||
Balance, end of period (in shares) | 58,396,516 | 55,472,032 | 55,472,032 | |||||
Net assets at end of period | $ 1,079,512 | $ 1,151,501 | $ 1,192,917 | $ 1,081,646 | $ 1,202,278 | $ 1,081,646 | $ 1,202,278 | |
Common Stock | ||||||||
Investment Company, Net Assets [Roll Forward] | ||||||||
Balance, beginning of period (in shares) | 55,812,408 | 60,238,425 | 58,396,516 | 57,005,057 | ||||
Net assets at beginning of period | $ 558 | $ 602 | $ 584 | $ 570 | ||||
Common stock issued (in shares) | 1,193,694 | 2,274,320 | 2,722,693 | 5,507,688 | ||||
Common stock issued | $ 12 | $ 23 | $ 27 | $ 55 | ||||
Dividend reinvestment (in shares) | 28,032 | 76,619 | ||||||
Dividend reinvestment | $ 1 | |||||||
Repurchase of common stock (in shares) | (1,562,102) | (2,003,723) | (5,723,796) | (2,003,723) | ||||
Repurchase of common stock | $ (15) | $ (20) | $ (57) | $ (20) | ||||
Balance, end of period (in shares) | 55,812,408 | 58,396,516 | 60,238,425 | 55,472,032 | 60,509,022 | 55,472,032 | 60,509,022 | |
Net assets at end of period | $ 558 | $ 584 | $ 602 | $ 555 | $ 605 | $ 555 | $ 605 | |
Capital in Excess of Par Value | ||||||||
Investment Company, Net Assets [Roll Forward] | ||||||||
Net assets at beginning of period | 1,137,611 | 1,225,183 | 1,188,720 | 1,160,819 | ||||
Common stock issued | 23,062 | 45,145 | 53,077 | 109,813 | ||||
Dividend reinvestment | 553 | 1,514 | ||||||
Repurchase of common stock | (30,190) | (39,654) | (112,196) | (39,654) | ||||
Tax reclassification of stockholders’ equity in accordance with U.S. GAAP | (79) | (304) | ||||||
Net assets at end of period | 1,137,611 | 1,188,720 | 1,225,183 | 1,131,036 | 1,230,674 | 1,131,036 | 1,230,674 | |
Accumulated Net Investment Income (Loss) | ||||||||
Investment Company, Net Assets [Roll Forward] | ||||||||
Net assets at beginning of period | 19,786 | 1,205 | 8,819 | 2,212 | ||||
Net investment income (loss) | 34,122 | 31,254 | 103,837 | 85,808 | ||||
Dividends declared | (28,291) | (29,700) | (85,815) | (85,565) | ||||
Tax reclassification of stockholders’ equity in accordance with U.S. GAAP | (1,224) | 304 | ||||||
Net assets at end of period | 19,786 | 8,819 | 1,205 | 25,617 | 2,759 | 25,617 | 2,759 | |
Accumulated Net Realized Gain (Loss) | ||||||||
Investment Company, Net Assets [Roll Forward] | ||||||||
Net assets at beginning of period | (4,813) | 1,942 | (5,997) | 3,795 | ||||
Net realized gain (loss) | (201) | (4,532) | (320) | (471) | ||||
Dividends declared | (5,914) | |||||||
Tax reclassification of stockholders’ equity in accordance with U.S. GAAP | 1,303 | |||||||
Net assets at end of period | (4,813) | (5,997) | 1,942 | (5,014) | (2,590) | (5,014) | (2,590) | |
Accumulated Net Unrealized Appreciation (Depreciation) | ||||||||
Investment Company, Net Assets [Roll Forward] | ||||||||
Net assets at beginning of period | (73,630) | (36,015) | (40,625) | (1,155) | ||||
Net change in unrealized appreciation (depreciation) on investments | 417 | (873) | (30,114) | (45,526) | ||||
Net change in unrealized currency gains (losses) on non-investment assets and liabilities | 2,665 | 7,718 | 191 | 17,511 | ||||
Net assets at end of period | $ (73,630) | $ (40,625) | $ (36,015) | $ (70,548) | $ (29,170) | $ (70,548) | $ (29,170) |
NET ASSETS - Schedule of Stock
NET ASSETS - Schedule of Stock Issued and Proceeds (Details) - USD ($) $ in Thousands | 9 Months Ended | ||||||
Jul. 06, 2023 | Apr. 11, 2023 | Jan. 06, 2023 | Sep. 28, 2022 | Jun. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Equity [Abstract] | |||||||
Shares issued (in shares) | 1,193,694 | 854,675 | 674,324 | 2,274,320 | 3,233,368 | 2,722,693 | 5,507,688 |
Proceeds | $ 23,074 | $ 16,820 | $ 13,210 | $ 45,168 | $ 64,700 | $ 53,104 | $ 109,868 |
NET ASSETS - Schedule of Basic
NET ASSETS - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Equity [Abstract] | ||||
Net increase (decrease) in net assets resulting from operations | $ 37,003 | $ 33,567 | $ 73,594 | $ 57,322 |
Weighted-average common shares outstanding | ||||
Basic (in shares) | 55,859,507 | 58,896,914 | 56,587,119 | 57,654,450 |
Diluted (in shares) | 55,859,507 | 58,896,914 | 56,587,119 | 57,654,450 |
Basic and diluted earnings per common share | ||||
Basic (in dollars per share) | $ 0.66 | $ 0.57 | $ 1.30 | $ 0.99 |
Diluted (in dollars per share) | $ 0.66 | $ 0.57 | $ 1.30 | $ 0.99 |
NET ASSETS - Summary of Dividen
NET ASSETS - Summary of Dividends Declared (Details) - $ / shares | 9 Months Ended | ||||||||||||
Sep. 20, 2023 | Jun. 21, 2023 | Mar. 22, 2023 | Dec. 21, 2022 | Sep. 14, 2022 | Jun. 15, 2022 | Mar. 25, 2022 | Dec. 20, 2021 | Sep. 29, 2021 | Jun. 29, 2021 | Mar. 30, 2021 | Sep. 30, 2023 | Sep. 30, 2022 | |
Equity [Abstract] | |||||||||||||
Dividend declared (in dollars per share) | $ 0.51 | $ 0.51 | $ 0.51 | $ 0.52 | $ 0.51 | $ 0.48 | $ 0.60 | $ 0.48 | $ 0.49 | $ 0.48 | $ 0.48 | $ 1.53 | $ 1.59 |
Capital gain distribution per share (in dollars per share) | $ 0.053510 | $ 0.103745 |
NET ASSETS - Summary of Quarter
NET ASSETS - Summary of Quarterly Tender Offers (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | |||||||
Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Equity [Abstract] | |||||||||
Percentage of Outstanding Shares Offered to Repurchase | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | ||||
Price paid per share (in dollars per share) | $ 19.34 | $ 19.71 | $ 19.72 | $ 19.80 | |||||
Amount repurchased | $ 30,205 | $ 40,285 | $ 41,763 | $ 39,504 | $ 30,205 | $ 39,674 | $ 112,253 | $ 39,674 | |
Shares repurchased (in shares) | 1,562,102 | 2,043,878 | 2,117,816 | 1,995,176 | 1,562,102 | 5,723,796 | |||
Percentage of outstanding shares repurchased | 2.80% | 3.60% | 3.60% | 3.30% | 3.30% |
CONSOLIDATED FINANCIAL HIGHLI_3
CONSOLIDATED FINANCIAL HIGHLIGHTS (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||
Sep. 20, 2023 | Jun. 21, 2023 | Mar. 22, 2023 | Dec. 21, 2022 | Sep. 14, 2022 | Jun. 15, 2022 | Mar. 25, 2022 | Dec. 20, 2021 | Sep. 29, 2021 | Jun. 29, 2021 | Mar. 30, 2021 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Per Common Share Data: | ||||||||||||||||
Net asset value per share, beginning of period (in dollars per share) | $ 19.72 | $ 20.46 | $ 20.46 | |||||||||||||
Net investment income (loss) (in dollars per share) | 1.83 | 1.49 | ||||||||||||||
Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities (in dollars per share) | (0.53) | (0.50) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations (in dollars per share) | 1.30 | 0.99 | ||||||||||||||
Dividends declared (in dollars per share) | $ (0.51) | $ (0.51) | $ (0.51) | $ (0.52) | $ (0.51) | $ (0.48) | $ (0.60) | $ (0.48) | $ (0.49) | $ (0.48) | $ (0.48) | (1.53) | (1.59) | |||
Other (in dollars per share) | 0.01 | 0.01 | ||||||||||||||
Net asset value per share, end of period (in dollars per share) | $ 19.50 | $ 19.87 | $ 19.50 | $ 19.87 | $ 19.72 | |||||||||||
Number of shares outstanding, end of period | 55,472,032 | 60,509,022 | 55,472,032 | 60,509,022 | 58,396,516 | |||||||||||
Total return based on net asset value | 6.80% | 4.89% | ||||||||||||||
Net assets, end of period | $ 1,081,646 | $ 1,202,278 | $ 1,081,646 | $ 1,202,278 | ||||||||||||
Ratio to average net assets: | ||||||||||||||||
Expenses before incentive fees | 5.93% | 3.45% | ||||||||||||||
Expenses after incentive fees | 7.27% | 4.57% | ||||||||||||||
Net investment income (loss) | 9.36% | 7.29% | ||||||||||||||
Interest expense and credit facility fees | 4.78% | 2.19% | ||||||||||||||
Ratios/Supplemental Data: | ||||||||||||||||
Asset coverage, end of period | 238.26% | 229.22% | 238.26% | 229.22% | 217.21% | |||||||||||
Portfolio turnover | 5.08% | 20.43% | ||||||||||||||
Total committed capital, end of period | $ 1,355,461 | $ 1,232,806 | ||||||||||||||
Ratio of total contributed capital to total committed capital, end of period | 97.80% | 100% | ||||||||||||||
Weighted-average shares outstanding (in shares) | 55,859,507 | 58,896,914 | 56,587,119 | 57,654,450 |
TAX - Schedule of Tax Character
TAX - Schedule of Tax Character of Distributions Paid (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Income Tax Disclosure [Abstract] | ||
Ordinary income | $ 28,291 | $ 29,700 |
Long-term capital gains | 0 | 0 |
Tax return of capital | $ 0 | $ 0 |
SUBSEQUENT EVENTS (Details)
SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||||||||||
Oct. 27, 2023 | Oct. 04, 2023 | Jul. 06, 2023 | Jun. 30, 2023 | Apr. 11, 2023 | Mar. 31, 2023 | Jan. 06, 2023 | Dec. 31, 2022 | Sep. 28, 2022 | Jun. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | |
Subsequent Event [Line Items] | |||||||||||||
Sale of stock, number of shares issued | 1,193,694 | 854,675 | 674,324 | 2,274,320 | 3,233,368 | 2,722,693 | 5,507,688 | ||||||
Proceeds | $ 23,074 | $ 16,820 | $ 13,210 | $ 45,168 | $ 64,700 | $ 53,104 | $ 109,868 | ||||||
Shares repurchased (in shares) | 1,562,102 | 2,043,878 | 2,117,816 | 1,995,176 | 1,562,102 | 5,723,796 | |||||||
Subsequent event | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Sale of stock, number of shares issued | 1,533,693 | ||||||||||||
Proceeds | $ 29,876 | ||||||||||||
Subsequent event | Q3 2023 Tender Offer | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Shares repurchased (in shares) | 755,715 |