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(dba Office Ally) Industry Health Care Technology Interest Rate 7.97% Reference Rate and Spread S + 4.25% Maturity 05/19/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Envero Midco 2 LLC (dba Sun World) Industry Food Products Reference Rate and Spread S + 4.75% Maturity 03/02/33 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Airwavz Solutions, Inc. Industry Wireless Telecommunication Services Interest Rate 9.02% Reference Rate and Spread S + 5.25% Maturity 03/31/27 One2026-03-310002020354us-gaap:MoneyMarketFundsMemberus-gaap:InvestmentAffiliatedIssuerMember2025-12-3100020203542025-01-012025-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% PPW Aero Buyer, Inc. (dba Pursuit Aerospace) Industry Aerospace & Defense Reference Rate and Spread P + 5.00% Maturity 09/30/312026-03-310002020354ck0002020354:TLSapphireHoldingsIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% PDDS Holdco, Inc. (dba Planet DDS) Industry Health Care Technology Interest Rate 9.72% Reference Rate and Spread S + 6.00% Maturity 09/30/312025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Edko, LLC Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% Maturity 10/02/31 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Envero Midco 2 LLC (dba Sun World) Industry Food Products Reference Rate and Spread S + 4.75% Maturity 03/02/33 Two2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% PPW Aero Buyer, Inc. (dba Pursuit Aerospace) Industry Aerospace & Defense Interest Rate 8.91% Reference Rate and Spread S + 4.00% Maturity 09/30/312026-03-310002020354ck0002020354:ITServicesMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% SpecialtyCare, Inc. Industry Health Care Providers & Services Reference Rate and Spread S + 5.00% Maturity 12/18/292025-12-310002020354ck0002020354:WildcatSolutionsHoldingsLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% EnviroSmart, LLC (dba ES Integrated) Industry Commercial Services & Supplies Interest Rate 8.55% Reference Rate and Spread S + 4.75% Maturity 09/24/312025-12-310002020354ck0002020354:HealthCareProvidersAndServicesMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Atwell, LLC Industry Professional Services Reference Rate and Spread S + 4.75% Maturity 04/25/332026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Edition Holdings, Inc. (dba Enverus) Industry Software Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 12/20/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Fullsteam Operations LLC Industry Financial Services Reference Rate and Spread S + 5.25% Maturity 08/08/31 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Fullsteam Operations LLC Industry Financial Services Reference Rate and Spread S + 5.25% Maturity 08/08/312026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Celero Commerce LLC Industry Financial Services Interest Rate 8.60% Reference Rate and Spread S + 5.00% Maturity 02/28/312025-12-310002020354ck0002020354:HouseholdProductsMember2026-03-310002020354us-gaap:FairValueInputsLevel3Memberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354us-gaap:MoneyMarketFundsMemberus-gaap:InvestmentAffiliatedIssuerMember2026-03-310002020354ck0002020354:GoldmanSachsFinancialSquareGovernmentFundMember2026-03-310002020354ck0002020354:FirstAmendedSCBRevolvingCreditFacilityMember2024-09-252024-09-250002020354us-gaap:InvestmentAffiliatedIssuerControlledMember2026-03-310002020354us-gaap:FairValueInputsLevel1Member2026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberus-gaap:GeographicConcentrationRiskMember2026-01-012026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% ML Holdco, LLC (dba MeridianLink) Industry Software Reference Rate and Spread S + 4.50% Maturity 10/25/322025-12-310002020354ck0002020354:UFTBuyerLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:TLSapphireHoldingsIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354us-gaap:MachineryAndEquipmentMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% AAG KP Borrower LLC (dba KUIU) Industry Textiles, Apparel & Luxury Goods Reference Rate and Spread S + 5.00% Maturity 12/05/31 One2025-12-310002020354ck0002020354:AAGKPBorrowerLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% ML Holdco, LLC (dba MeridianLink) Industry Software Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 10/25/322026-03-310002020354Non-Controlled Affiliates Goldman Sachs Financial Square Government Fund - Institutional Shares2024-12-310002020354us-gaap:FairValueInputsLevel3Memberck0002020354:FirstAndSecondLienOrSeniorSecuredDebtAndMoneyMarketFundsMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Apple Bidco Holdings, Inc. (dba Raptor Technologies) Industry Software Reference Rate and Spread S + 4.50% Maturity 01/22/332026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% UFT Buyer LLC (dba United Flow Technologies) Industry Trading Companies & Distributors Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 12/06/322026-03-310002020354ck0002020354:AlternativeCurrencyLetterOfCreditMember2026-01-012026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Tropical Bidco, LLC (dba Tropical Cheese) Industry Food Products Interest Rate 8.45% Reference Rate and Spread S + 4.75% Maturity 12/11/302026-03-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-3100020203542024-05-012026-03-310002020354ck0002020354:OneIncSoftwareCorporationMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:ScbRevolvingCreditFacilityMember2025-01-012025-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Sundance Group Holdings, Inc. (dba NetDocuments) Industry Software Reference Rate and Spread S + 4.75% Maturity 07/02/29 One2025-12-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:DiversifiedConsumerServicesMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Frontline Road Safety Operations, LLC Industry Commercial Services & Supplies Interest Rate 8.42% Reference Rate and Spread S + 4.75% (Incl. 2.00% PIK) Maturity 03/04/32 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Sundance Group Holdings, Inc. (dba NetDocuments) Industry Software Interest Rate 8.45% Reference Rate and Spread S + 4.75% Maturity 07/02/29 One2026-03-310002020354us-gaap:PrimeRateMember2026-03-310002020354ck0002020354:AqSunshineIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberck0002020354:ScbRevolvingCreditFacilityMember2026-01-012026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% TL Sapphire Holdings, Inc. (dba SouthernCarlson) Industry Trading Companies & Distributors Interest Rate 10.75% Reference Rate and Spread P + 4.00% Maturity 01/24/332026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberus-gaap:FoodAndBeverageMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% eShipping, LLC Industry Air Freight & Logistics Interest Rate 8.19% Reference Rate and Spread S + 4.50% Maturity 12/23/32 One2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% TL Sapphire Holdings, Inc. (dba SouthernCarlson) Industry Trading Companies & Distributors Reference Rate and Spread S + 5.00% Maturity 01/24/33 Two2025-12-310002020354us-gaap:FairValueInputsLevel3Memberck0002020354:FirstAndSecondLienOrSeniorSecuredDebtAndMoneyMarketFundsMember2026-03-310002020354ck0002020354:PASParentIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% One, Inc. Software Corporation Industry Software Interest Rate 8.20% Reference Rate and Spread S + 4.50% Maturity 12/06/322026-03-310002020354ck0002020354:ProfessionalServicesMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Computer Services, Inc. Industry Financial Services Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 11/17/312025-12-310002020354ck0002020354:TwentySixMarchTwoThousandTwentyFiveMember2025-01-012025-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Computer Services, Inc. Industry Financial Services Reference Rate and Spread S + 4.50% Maturity 11/17/312025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Ideal Components Acquisition, LLC (dba Ideal Tridon) Industry Machinery Interest Rate 8.72% Reference Rate and Spread S + 5.00% Maturity 06/30/322025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Wildcat Solutions Holdings, LLC (dba O6 Environmental) Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% Maturity 08/05/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Edition Holdings, Inc. (dba Enverus) Industry Software Reference Rate and Spread S + 4.50% Maturity 12/20/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% SpecialtyCare, Inc. Industry Health Care Providers & Services Reference Rate and Spread S + 5.00% Maturity 12/18/292026-03-310002020354ck0002020354:ArkDataCentersLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Octane Purchaser, Inc. (dba Office Ally) Industry Health Care Technology Reference Rate and Spread S + 4.25% Maturity 05/19/32 One2025-12-310002020354ck0002020354:IdealComponentsAcquisitionLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMemberck0002020354:FullsteamOperationsLlcMember2025-12-310002020354ck0002020354:SecondLienSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Airwavz Solutions, Inc. Industry Wireless Telecommunication Services Interest Rate 9.02% Reference Rate and Spread S + 5.25% Maturity 03/31/272026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% CURiO Brands LLC Industry Household Products Interest Rate 8.70% Reference Rate and Spread S + 5.00% Maturity 04/02/312026-03-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:AccommodationsPlusTechnologiesLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberck0002020354:BankLoansCorporateDebtAndOtherDebtObligationsMembersrt:MaximumMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% PPW Aero Buyer, Inc. (dba Pursuit Aerospace) Industry Aerospace & Defense Reference Rate and Spread S + 5.00% Maturity 09/30/31 One2025-12-310002020354ck0002020354:EShippingLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Fullsteam Operations LLC Industry Financial Services Interest Rate 9.11% Reference Rate and Spread S + 5.25% Maturity 08/08/312025-12-310002020354ck0002020354:EnviroSmartLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberck0002020354:BankLoansCorporateDebtAndOtherDebtObligationsMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-3100020203542025-05-012026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Apple Bidco Holdings, Inc. (dba Raptor Technologies) Industry Software Reference Rate and Spread S + 4.50% Maturity 12/01/32 Two2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Airwavz Solutions, Inc. Industry Wireless Telecommunication Services Interest Rate 9.02% Reference Rate and Spread S + 5.25% Maturity 03/31/27 Three2026-03-310002020354us-gaap:MachineryAndEquipmentMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% SpecialtyCare, Inc. Industry Health Care Providers & Services Interest Rate 8.99% Reference Rate and Spread S + 5.00% Maturity 12/18/292025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Ideal Components Acquisition, LLC (dba Ideal Tridon) Industry Machinery Interest Rate 8.67% Reference Rate and Spread S + 5.00% Maturity 06/30/322026-03-310002020354ck0002020354:FrontlineRoadSafetyOperationsLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Edition Holdings, Inc. (dba Enverus) Industry Software Reference Rate and Spread S + 4.50% Maturity 12/20/32 One2025-12-310002020354ck0002020354:InvestmentAffiliatedIssuerNoncontrollingIncludedMoneyMarketFundsMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Rotation Buyer, LLC (dba Rotating Machinery Services) Industry Machinery Interest Rate 8.45% Reference Rate and Spread S + 4.75% Maturity 12/26/31 One2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% BCTO Bluebill Buyer, Inc. (dba Ren) Industry Financial Services Reference Rate and Spread S + 4.50% Maturity 07/30/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Auctane, Inc. Industry Air Freight & Logistics Reference Rate and Spread S + 4.75% Maturity 12/23/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Rubix Foods, LLC Industry Food Products Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 04/30/312026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Kene Acquisition, Inc. (dba Entrust) Industry Commercial Services & Supplies Interest Rate 8.44% Reference Rate and Spread S + 4.75% Maturity 12/17/32 One2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% PAS Parent Inc. (dba Pace Analytical) Industry Professional Services Reference Rate and Spread S + 4.50% Maturity 08/18/312025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Zeppelin US Buyer Inc. (dba Global Critical Logistics) Industry Air Freight & Logistics Reference Rate and Spread S + 4.75% Maturity 08/02/322025-12-310002020354ck0002020354:ScbRevolvingCreditFacilityMemberus-gaap:FederalFundsEffectiveSwapRateMember2026-01-012026-03-310002020354ck0002020354:OneIncSoftwareCorporationMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% KPA Parent Holdings, Inc. Industry Software Interest Rate 8.22% Reference Rate and Spread S + 4.50% Maturity 03/12/322025-12-310002020354ck0002020354:AccruedExpensesAndOtherLiabilitiesMember2025-12-310002020354ck0002020354:DiversifiedConsumerServicesMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Convenient Payments Acquisition, Inc. Industry Software Reference Rate and Spread S + 6.00% Maturity 12/31/262025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Apple Bidco Holdings, Inc. (dba Raptor Technologies) Industry Software Interest Rate 8.20% Reference Rate and Spread S + 4.50% Maturity 01/22/33 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Zeppelin US Buyer Inc. (dba Global Critical Logistics) Industry Air Freight & Logistics Reference Rate and Spread S + 4.75% Maturity 08/02/32 One2026-03-310002020354ck0002020354:WellnessAcquisitioncoIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4%EnviroSmart, LLC (dba ES Integrated) Industry Commercial Services & Supplies Interest Rate 8.67% Reference Rate and Spread S + 5.00% Maturity 09/24/312026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% PAS Parent Inc. (dba Pace Analytical) Industry Professional Services Reference Rate and Spread S + 4.50% Maturity 08/18/322026-03-310002020354ck0002020354:FrontlineRoadSafetyOperationsLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Frontline Road Safety Operations, LLC Industry Commercial Services & Supplies Interest Rate 8.47% Reference Rate and Spread S + 4.75% (Incl. 2.00% PIK) Maturity 03/04/32 One2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Edko, LLC Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% Maturity 10/02/312026-03-310002020354ck0002020354:ScbRevolvingCreditFacilityMember2026-01-012026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:CommercialServicesAndSuppliesMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% One, Inc. Software Corporation Industry Software Reference Rate and Spread S + 4.50% Maturity 12/06/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Onward AcquireCo, Inc. (dba OneStream) Industry Software Reference Rate and Spread S + 4.75% Maturity 04/01/33 Two2026-03-310002020354ck0002020354:AdvancedCoolingTechnologiesIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Frontline Road Safety Operations, LLC Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% (Incl. 2.00% PIK) Maturity 03/04/322025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Kene Acquisition, Inc. (dba Entrust) Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% Maturity 12/17/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Accommodations Plus Technologies LLC Industry Software Interest Rate 8.94% Reference Rate and Spread S + 5.25% Maturity 05/28/32 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Ideal Components Acquisition, LLC (dba Ideal Tridon) Industry Machinery Reference Rate and Spread S + 5.00% Maturity 06/30/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% HighLevel, Inc. Industry Software Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 02/23/332026-03-310002020354ck0002020354:AirwavzSolutionsIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:LobosParentIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% BCTO Bluebill Buyer, Inc. (dba Ren) Industry Financial Services Interest Rate 8.34% Reference Rate and Spread S + 4.50% Maturity 07/30/322025-12-310002020354ck0002020354:CURiOBrandsLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:TropicalBidcoLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354us-gaap:InvestmentUnaffiliatedIssuerMember2025-01-012025-03-310002020354ck0002020354:InvestmentsInAffiliatedMoneyMarketFundMemberus-gaap:FairValueInputsLevel1Member2026-03-310002020354ck0002020354:SixMonthSOFRMember2025-01-012025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Celero Commerce LLC Industry Financial Services Reference Rate and Spread S + 5.00% Maturity 02/28/312026-03-310002020354ck0002020354:EnviroSmartLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354us-gaap:HealthcareSectorMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354ck0002020354:ComputerServicesIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% One, Inc. Software Corporation Industry Software Interest Rate 8.26% Reference Rate and Spread S + 4.50% Maturity 12/06/322025-12-310002020354us-gaap:MachineryAndEquipmentMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354ck0002020354:AirFreightAndLogisticsMember2026-03-310002020354ck0002020354:SecondLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% BCTO Bluebill Buyer, Inc. (dba Ren) Industry Financial Services Reference Rate and Spread S + 4.50% Maturity 07/30/322026-03-310002020354us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMemberck0002020354:BankLoansCorporateDebtAndOtherDebtObligationsMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:OctanePurchaserIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Edition Holdings, Inc. (dba Enverus) Industry Software Reference Rate and Spread S + 4.50% Maturity 12/20/32 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% eShipping, LLC Industry Air Freight & Logistics Reference Rate and Spread S + 4.50% Maturity 12/23/32 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% PDDS Holdco, Inc. (dba Planet DDS) Industry Health Care Technology Reference Rate and Spread S + 6.00% Maturity 09/30/312026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% PPW Aero Buyer, Inc. (dba Pursuit Aerospace) Industry Aerospace & Defense Interest Rate 8.67% Reference Rate and Spread S + 5.00% Maturity 09/30/312025-12-310002020354ck0002020354:InvestmentsAtFairValueMembercountry:USus-gaap:GeographicConcentrationRiskMember2026-01-012026-03-310002020354ck0002020354:KeneAcquisitionIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMembersrt:MinimumMemberck0002020354:BankLoansCorporateDebtAndOtherDebtObligationsMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:AirwavzSolutionsIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Computer Services, Inc. Industry Financial Services Reference Rate and Spread S + 4.50% Maturity 11/17/31 One2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Celero Commerce LLC Industry Financial Services Interest Rate 8.70% Reference Rate and Spread S + 5.00% Maturity 02/28/312025-12-310002020354ck0002020354:CurriculumAssociatesLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Saber Parent Holdings Corp. (dba Service Logic) Industry Commercial Services & Supplies Interest Rate 8.21% Reference Rate and Spread S + 4.50% Maturity 12/16/322025-12-310002020354ck0002020354:SixMonthSOFRMember2026-01-012026-03-310002020354ck0002020354:HouseholdProductsMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Zeppelin US Buyer Inc. (dba Global Critical Logistics) Industry Air Freight & Logistics Reference Rate and Spread S + 4.75% Maturity 08/02/32 One2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Rotation Buyer, LLC (dba Rotating Machinery Services) Industry Machinery Interest Rate 8.43% Reference Rate and Spread S + 4.75% Maturity 12/26/312025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Convenient Payments Acquisition, Inc. Industry Software Interest Rate 9.67% Reference Rate and Spread S + 6.00% Maturity 12/31/262026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% eShipping, LLC Industry Air Freight & Logistics Interest Rate 8.20% Reference Rate and Spread S + 4.50% Maturity 12/23/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Atwell, LLC Industry Professional Services Reference Rate and Spread S + 4.75% Maturity 04/25/33 One2026-03-310002020354us-gaap:FairValueInputsLevel3Memberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-03-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% HighLevel, Inc. Industry Software Reference Rate and Spread S + 4.50% Maturity 02/23/33 One2026-03-310002020354us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberck0002020354:BankLoansCorporateDebtAndOtherDebtObligationsMembersrt:MaximumMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberck0002020354:BankLoansCorporateDebtAndOtherDebtObligationsMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:InvestmentsInAffiliatedMoneyMarketFundMemberus-gaap:FairValueInputsLevel1Member2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Zeppelin US Buyer Inc. (dba Global Critical Logistics) Industry Air Freight & Logistics Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 08/02/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Wildcat Solutions Holdings, LLC (dba O6 Environmental) Industry Commercial Services & Supplies Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 08/05/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% AQ Sunshine, Inc. (dba Relation Insurance) Industry Insurance Reference Rate and Spread S + 4.50% Maturity 07/24/33 One2026-03-310002020354ck0002020354:FirstAmendedSCBRevolvingCreditFacilityMemberck0002020354:BaseRateLoansMember2024-09-252024-09-250002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Splash Car Wash, Inc. Industry Diversified Consumer Services Reference Rate and Spread S + 5.00% Maturity 03/17/322026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Accommodations Plus Technologies LLC Industry Software Interest Rate 8.94% Reference Rate and Spread S + 5.25% Maturity 05/28/322025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Airwavz Solutions, Inc. Industry Wireless Telecommunication Services Interest Rate 9.07% Reference Rate and Spread S + 5.25% Maturity 03/31/272025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Tropical Bidco, LLC (dba Tropical Cheese) Industry Food Products Reference Rate and Spread S + 4.75% Maturity 12/11/302026-03-310002020354ck0002020354:SpecialtyCareIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Edko, LLC Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% Maturity 10/02/312025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% KPA Parent Holdings, Inc. Industry Software Reference Rate and Spread S + 4.50% Maturity 03/12/322025-12-310002020354us-gaap:CommonStockMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Frontline Road Safety Operations, LLC Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% (Incl. 2.00% PIK) Maturity 03/04/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Wildcat Solutions Holdings, LLC (dba O6 Environmental) Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% Maturity 08/05/322026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% UFT Buyer LLC (dba United Flow Technologies) Industry Trading Companies & Distributors Reference Rate and Spread S + 4.50% Maturity 12/06/32 One2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% AAG KP Borrower LLC (dba KUIU) Industry Textiles, Apparel & Luxury Goods Reference Rate and Spread S + 5.00% Maturity 12/05/312026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:HealthCareProvidersAndServicesMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354ck0002020354:IdealComponentsAcquisitionLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Ark Data Centers, LLC Industry IT Services Interest Rate 8.71% Reference Rate and Spread S + 4.75% Maturity 11/27/302025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Advanced Cooling Technologies, Inc. Industry Aerospace & Defense Reference Rate and Spread S + 4.50% Maturity 02/27/33 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Lobos Parent, Inc. (dba NEOGOV) Industry Software Reference Rate and Spread S + 4.50% Maturity 09/26/31 One2026-03-310002020354ck0002020354:EditionHoldingsIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:WildcatSolutionsHoldingsLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:DiversifiedConsumerServicesMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:CommercialServicesAndSuppliesMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354us-gaap:FinancialServicesSectorMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Rotation Buyer, LLC (dba Rotating Machinery Services) Industry Machinery Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 12/26/312025-12-310002020354us-gaap:InvestmentAffiliatedIssuerControlledMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Octane Purchaser, Inc. (dba Office Ally) Industry Health Care Technology Reference Rate and Spread S + 4.25% Maturity 05/19/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% AAG KP Borrower LLC (dba KUIU) Industry Textiles, Apparel & Luxury Goods Interest Rate 8.67% Reference Rate and Spread S + 5.00% Maturity 12/05/31 One2026-03-310002020354ck0002020354:AuctaneIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Lobos Parent, Inc. (dba NEOGOV) Industry Software Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 09/27/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Octane Purchaser, Inc. (dba Office Ally) Industry Health Care Technology Interest Rate 7.92% Reference Rate and Spread S + 4.25% Maturity 05/19/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Advanced Cooling Technologies, Inc. Industry Aerospace & Defense Reference Rate and Spread S + 4.50% Maturity 02/27/332026-03-310002020354ck0002020354:DiversifiedConsumerServicesMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Edition Holdings, Inc. (dba Enverus) Industry Software Interest Rate 8.20% Reference Rate and Spread S + 4.50% Maturity 12/20/322025-12-310002020354ck0002020354:HealthCareProvidersAndServicesMember2026-03-310002020354ck0002020354:SplashCarWashIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:RotationBuyerLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMemberck0002020354:RubixFoodsLLCMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Wellness AcquisitionCo, Inc. (dba SPINS) Industry IT Services Reference Rate and Spread S + 4.75% Maturity 01/22/292025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Rubix Foods, LLC Industry Food Products Interest Rate 8.47% Reference Rate and Spread S + 4.75% Maturity 04/30/312025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Airwavz Solutions, Inc. Industry Wireless Telecommunication Services Interest Rate 9.07% Reference Rate and Spread S + 5.25% Maturity 03/31/27 One2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% CURiO Brands LLC Industry Household Products Reference Rate and Spread S + 5.25% Maturity 04/02/31 One2025-12-310002020354us-gaap:FairValueInputsLevel3Memberck0002020354:InvestmentAdviserDidNotDevelopUnobservableInputsMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% eShipping, LLC Industry Air Freight & Logistics Interest Rate 10.25% Reference Rate and Spread P + 3.50% Maturity 12/23/32 One2026-03-310002020354us-gaap:DebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Splash Car Wash, Inc. Industry Diversified Consumer Services Reference Rate and Spread S + 5.00% Maturity 03/17/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Wildcat Solutions Holdings, LLC (dba O6 Environmental) Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% Maturity 08/05/32 One2026-03-310002020354ck0002020354:TextilesApparelLuxuryGoodsMember2026-03-310002020354us-gaap:FairValueInputsLevel3Memberck0002020354:InvestmentAdviserDidNotDevelopUnobservableInputsMember2025-12-310002020354ck0002020354:LobosParentIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:KPAParentHoldingsIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Onward AcquireCo, Inc. (dba OneStream) Industry Software Reference Rate and Spread S + 4.75% Maturity 04/01/332026-03-310002020354us-gaap:HealthcareSectorMember2025-12-310002020354ck0002020354:WirelessTelecommunicationServicesMember2026-03-310002020354ck0002020354:AerospaceAndDefenseMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Celero Commerce LLC Industry Financial Services Interest Rate 8.70% Reference Rate and Spread S + 5.00% Maturity 02/28/312026-03-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMemberck0002020354:RubixFoodsLLCMember2026-03-310002020354ck0002020354:CurriculumAssociatesLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Ark Data Centers, LLC Industry IT Services Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 11/27/302025-12-3100020203542024-05-012024-05-010002020354ck0002020354:InvestmentsAtFairValueMemberus-gaap:ComputerSoftwareIntangibleAssetMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Kene Acquisition, Inc. (dba Entrust) Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% Maturity 12/17/32 One2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Businessolver.com, Inc. Industry Health Care Technology Reference Rate and Spread S + 4.50% Maturity 12/03/32 One2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Atwell, LLC Industry Professional Services Reference Rate and Spread S + 4.75% Maturity 04/25/33 Two2026-03-310002020354ck0002020354:ConvenientPaymentsAcquisitionIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Frontline Road Safety Operations, LLC Industry Commercial Services & Supplies Interest Rate 8.42% Reference Rate and Spread S + 4.75% (Incl. 2.00% PIK) Maturity 03/04/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Rubix Foods, LLC Industry Food Products Reference Rate and Spread S + 4.75% Maturity 04/30/312026-03-310002020354ck0002020354:ThreeMonthSOFRMember2025-01-012025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Airwavz Solutions, Inc. Industry Wireless Telecommunication Services Interest Rate 9.07% Reference Rate and Spread S + 5.25% Maturity 03/31/27 Two2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% TL Sapphire Holdings, Inc. (dba SouthernCarlson) Industry Trading Companies & Distributors Interest Rate 8.67% Reference Rate and Spread S + 5.00% Maturity 01/24/332026-03-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMemberck0002020354:FullsteamOperationsLlcMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Wellness AcquisitionCo, Inc. (dba SPINS) Industry IT Services Interest Rate 8.45% Reference Rate and Spread S + 4.75% Maturity 01/22/29 One2026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMemberck0002020354:TradingCompaniesAndDistributorsMember2026-01-012026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Convenient Payments Acquisition, Inc. Industry Software Interest Rate 9.67% Reference Rate and Spread S + 6.00% Maturity 12/31/26 One2026-03-310002020354ck0002020354:OctanePurchaserIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Celero Commerce LLC Industry Financial Services Interest Rate 8.72% Reference Rate and Spread S + 5.00% Maturity 02/28/312026-03-310002020354ck0002020354:AccommodationsPlusTechnologiesLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:SaberParentHoldingsCorpMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMemberck0002020354:ProfessionalServicesMember2026-01-012026-03-310002020354us-gaap:InvestmentUnaffiliatedIssuerMember2026-01-012026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Businessolver.com, Inc. Industry Health Care Technology Reference Rate and Spread S + 4.50% Maturity 12/03/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Lobos Parent, Inc. (dba NEOGOV) Industry Software Reference Rate and Spread S + 4.50% Maturity 09/26/312026-03-310002020354ck0002020354:UFTBuyerLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% BCTO Bluebill Buyer, Inc. (dba Ren) Industry Financial Services Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 07/30/322026-03-310002020354ck0002020354:WirelessTelecommunicationServicesMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Edko, LLC Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% Maturity 10/02/31 One2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Kene Acquisition, Inc. (dba Entrust) Industry Commercial Services & Supplies Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 12/17/32 One2025-12-310002020354us-gaap:FairValueInputsLevel3Memberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-01-012026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberus-gaap:GeographicConcentrationRiskMember2025-01-012025-12-310002020354ck0002020354:InvestmentsInAffiliatedMoneyMarketFundMember2025-12-310002020354us-gaap:FairValueInputsLevel3Member2024-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Wellness AcquisitionCo, Inc. (dba SPINS) Industry IT Services Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 01/22/29 One2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Fullsteam Operations LLC Industry Financial Services Reference Rate and Spread S + 5.25% Maturity 08/08/312025-12-310002020354us-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMember2025-12-310002020354us-gaap:FinancialServicesSectorMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354ck0002020354:SecondLienOrSeniorSecuredDebtMemberck0002020354:TigerAcquisitionLLCMember2026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:HealthCareProvidersAndServicesMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354ck0002020354:OnADayOtherThanTheFirstDayMember2026-01-012026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Airwavz Solutions, Inc. Industry Wireless Telecommunication Services Interest Rate 9.07% Reference Rate and Spread S + 5.25% Maturity 03/31/27 Three2025-12-310002020354ck0002020354:AirFreightAndLogisticsMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Fullsteam Operations LLC Industry Financial Services Interest Rate 8.89% Reference Rate and Spread S + 5.25% Maturity 08/08/312026-03-310002020354us-gaap:DebtSecuritiesMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Curriculum Associates, LLC Industry Diversified Consumer Services Interest Rate 8.49% Reference Rate and Spread S + 4.75% Maturity 05/07/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% HighLevel, Inc. Industry Software Reference Rate and Spread S + 4.50% Maturity 02/23/332026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Wellness AcquisitionCo, Inc. (dba SPINS) Industry IT Services Interest Rate 8.45% Reference Rate and Spread S + 4.75% Maturity 01/22/29 Three2026-03-310002020354us-gaap:CommonStockMember2026-01-012026-03-310002020354us-gaap:HealthcareSectorMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354us-gaap:DebtMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Accommodations Plus Technologies LLC Industry Software Interest Rate 8.94% Reference Rate and Spread S + 5.25% Maturity 05/28/322026-03-310002020354ck0002020354:ProfessionalServicesMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% SpecialtyCare, Inc. Industry Health Care Providers & Services Interest Rate 8.67% Reference Rate and Spread S + 5.00% Maturity 12/18/292026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% PAS Parent Inc. (dba Pace Analytical) Industry Professional Services Reference Rate and Spread S + 4.50% Maturity 08/18/322025-12-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMemberck0002020354:ProfessionalServicesMember2025-01-012025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Lobos Parent, Inc. (dba NEOGOV) Industry Software Reference Rate and Spread S + 4.50% Maturity 09/27/322025-12-310002020354ck0002020354:SpecialtyCareIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Ark Data Centers, LLC Industry IT Services Interest Rate 8.41% Reference Rate and Spread S + 4.75% Maturity 11/27/302026-03-310002020354ck0002020354:ScbRevolvingCreditFacilityMember2026-01-012026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Accommodations Plus Technologies LLC Industry Software Reference Rate and Spread S + 5.25% Maturity 05/28/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Businessolver.com, Inc. Industry Health Care Technology Interest Rate 8.20% Reference Rate and Spread S + 4.50% Maturity 12/03/322026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% AAG KP Borrower LLC (dba KUIU) Industry Textiles, Apparel & Luxury Goods Reference Rate and Spread S + 5.00% Maturity 12/05/312025-12-310002020354us-gaap:FairValueInputsLevel3Memberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354us-gaap:FairValueInputsLevel3Memberck0002020354:FirstLienOrSeniorSecuredDebtMember2024-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Airwavz Solutions, Inc. Industry Wireless Telecommunication Services Interest Rate 9.02% Reference Rate and Spread S + 5.25% Maturity 03/31/27 Two2026-03-310002020354ck0002020354:OnTheFirstDayOfTheCalendarQuarterMember2026-01-012026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Octane Purchaser, Inc. (dba Office Ally) Industry Health Care Technology Reference Rate and Spread S + 4.25% Maturity 05/19/32 One2026-03-310002020354us-gaap:FairValueInputsLevel3Member2025-01-012025-03-310002020354us-gaap:RevolvingCreditFacilityMembersrt:MinimumMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% EnviroSmart, LLC (dba ES Integrated) Industry Commercial Services & Supplies Interest Rate 8.71% Reference Rate and Spread S + 5.00% Maturity 09/24/312026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Splash Car Wash, Inc. Industry Diversified Consumer Services Reference Rate and Spread S + 5.00% Maturity 03/17/312025-12-310002020354ck0002020354:ZeppelinUSBuyerIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:ITServicesMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Lobos Parent, Inc. (dba NEOGOV) Industry Software Interest Rate 8.20% Reference Rate and Spread S + 4.50% Maturity 09/27/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% AQ Sunshine, Inc. (dba Relation Insurance) Industry Insurance Reference Rate and Spread S + 4.50% Maturity 07/24/332026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354Non-Controlled Affiliates Goldman Sachs Financial Square Government Fund - Institutional Shares2025-12-3100020203542025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Saber Parent Holdings Corp. (dba Service Logic) Industry Commercial Services & Supplies Reference Rate and Spread S + 4.50% Maturity 12/16/322025-12-310002020354ck0002020354:CeleroCommerceLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:ComputerServicesIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Zeppelin US Buyer Inc. (dba Global Critical Logistics) Industry Air Freight & Logistics Reference Rate and Spread S + 4.75% Maturity 08/02/32 Two2026-03-310002020354us-gaap:CommonStockMember2025-01-012025-12-3100020203542024-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Kene Acquisition, Inc. (dba Entrust) Industry Commercial Services & Supplies Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 12/17/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Envero Midco 2 LLC (dba Sun World) Industry Food Products Reference Rate and Spread S + 4.75% Maturity 03/02/332026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberus-gaap:FoodAndBeverageMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Kene Acquisition, Inc. (dba Entrust) Industry Commercial Services & Supplies Interest Rate 8.44% Reference Rate and Spread S + 4.75% Maturity 12/17/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Onward AcquireCo, Inc. (dba OneStream) Industry Software Reference Rate and Spread S + 4.75% Maturity 04/01/33 One2026-03-310002020354ck0002020354:AppleBidcoHoldingsIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Frontline Road Safety Operations, LLC Industry Commercial Services & Supplies Interest Rate 8.47% Reference Rate and Spread S + 4.75% (Incl. 2.00% PIK) Maturity 03/04/32 Two2025-12-310002020354ck0002020354:TwentyFiveFebruaryTwoThousandTwentySixMember2026-01-012026-03-310002020354ck0002020354:CommercialServicesAndSuppliesMember2025-12-3100020203542026-05-120002020354ck0002020354:PriorToSixMonthPeriodMember2026-01-012026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Saber Parent Holdings Corp. (dba Service Logic) Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% Maturity 12/16/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Computer Services, Inc. Industry Financial Services Reference Rate and Spread S + 4.50% Maturity 11/17/31 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Octane Purchaser, Inc. (dba Office Ally) Industry Health Care Technology Reference Rate and Spread S + 4.25% Maturity 05/19/32 Two2026-03-310002020354us-gaap:DebtSecuritiesMembercountry:US2026-03-310002020354ck0002020354:BusinessolverComIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:FirstAndSecondLienOrSeniorSecuredDebtAndMoneyMarketFundsMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Convenient Payments Acquisition, Inc. Industry Software Reference Rate and Spread S + 6.00% Maturity 12/31/262026-03-310002020354ck0002020354:EdkoLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Octane Purchaser, Inc. (dba Office Ally) Industry Health Care Technology Reference Rate and Spread S + 4.25% Maturity 05/19/322026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Sundance Group Holdings, Inc. (dba NetDocuments) Industry Software Reference Rate and Spread S + 4.75% Maturity 07/02/292025-12-310002020354ck0002020354:TradingCompaniesAndDistributorsMember2026-03-310002020354us-gaap:FairValueInputsLevel1Member2025-12-310002020354ck0002020354:FirstLienSeniorSecuredDebtMembercountry:US2026-03-310002020354ck0002020354:TextilesApparelLuxuryGoodsMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Rotation Buyer, LLC (dba Rotating Machinery Services) Industry Machinery Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 12/26/312026-03-310002020354ck0002020354:BusinessolverComIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% ML Holdco, LLC (dba MeridianLink) Industry Software Interest Rate 8.37% Reference Rate and Spread S + 4.50% Maturity 10/25/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% CURiO Brands LLC Industry Household Products Reference Rate and Spread S + 5.00% Maturity 04/02/312026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Wellness AcquisitionCo, Inc. (dba SPINS) Industry IT Services Interest Rate 8.45% Reference Rate and Spread S + 4.75% Maturity 01/22/292026-03-310002020354ck0002020354:OnwardAcquireCoIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMemberck0002020354:TradingCompaniesAndDistributorsMember2025-01-012025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Lobos Parent, Inc. (dba NEOGOV) Industry Software Reference Rate and Spread S + 4.50% Maturity 09/26/31 One2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Curriculum Associates, LLC Industry Diversified Consumer Services Interest Rate 8.47% Reference Rate and Spread S + 4.75% Maturity 05/07/322025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Edition Holdings, Inc. (dba Enverus) Industry Software Reference Rate and Spread S + 4.50% Maturity 12/20/322025-12-310002020354us-gaap:FairValueInputsLevel3Member2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% CURiO Brands LLC Industry Household Products Reference Rate and Spread S + 5.25% Maturity 04/02/312025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% EnviroSmart, LLC (dba ES Integrated) Industry Commercial Services & Supplies Interest Rate 8.44% Reference Rate and Spread S + 4.75% Maturity 09/24/312025-12-310002020354us-gaap:DebtMember2026-01-012026-03-310002020354ck0002020354:TextilesApparelLuxuryGoodsMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Rotation Buyer, LLC (dba Rotating Machinery Services) Industry Machinery Interest Rate 8.57% Reference Rate and Spread S + 4.75% Maturity 12/26/312025-12-310002020354us-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMember2026-03-310002020354Non-Controlled Affiliates Goldman Sachs Financial Square Government Fund - Institutional Shares2025-01-012025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Zeppelin US Buyer Inc. (dba Global Critical Logistics) Industry Air Freight & Logistics Reference Rate and Spread S + 4.75% Maturity 08/02/322026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Accommodations Plus Technologies LLC Industry Software Interest Rate 8.94% Reference Rate and Spread S + 5.25% Maturity 05/28/32 One2025-12-310002020354us-gaap:FairValueInputsLevel3Memberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-01-012025-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% KPA Parent Holdings, Inc. Industry Software Reference Rate and Spread S + 4.50% Maturity 03/12/32 One2026-03-310002020354ck0002020354:ITServicesMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354ck0002020354:TextilesApparelLuxuryGoodsMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberus-gaap:InterestRateFloorMemberck0002020354:ScbRevolvingCreditFacilityMember2026-01-012026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Ideal Components Acquisition, LLC (dba Ideal Tridon) Industry Machinery Reference Rate and Spread S + 5.00% Maturity 06/30/322025-12-310002020354ck0002020354:EShippingLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354us-gaap:DebtSecuritiesMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 2nd Lien/Senior Secured Debt - 0.00% Tiger Acquisition, LLC (dba Sabre Industries) Industry Wireless Telecommunication Services Reference Rate and Spread S + 5.25% Maturity 05/01/342026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% PPW Aero Buyer, Inc. (dba Pursuit Aerospace) Industry Aerospace & Defense Interest Rate 8.70% Reference Rate and Spread S + 5.00% Maturity 09/30/312026-03-310002020354ck0002020354:OneMonthSOFRMember2025-01-012025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Ideal Components Acquisition, LLC (dba Ideal Tridon) Industry Machinery Interest Rate 8.70% Reference Rate and Spread S + 5.00% Maturity 06/30/322026-03-310002020354ck0002020354:TropicalBidcoLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354us-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310002020354ck0002020354:SundanceGroupHoldingsIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:InvestmentAffiliatedIssuerNoncontrollingIncludedMoneyMarketFundsMember2026-01-012026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Edition Holdings, Inc. (dba Enverus) Industry Software Reference Rate and Spread S + 4.50% Maturity 12/20/32 Two2025-12-310002020354ck0002020354:AerospaceAndDefenseMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% UFT Buyer LLC (dba United Flow Technologies) Industry Trading Companies & Distributors Interest Rate 8.20% Reference Rate and Spread S + 4.50% Maturity 12/06/322026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Rubix Foods, LLC Industry Food Products Reference Rate and Spread S + 4.75% Maturity 04/30/312025-12-310002020354ck0002020354:WirelessTelecommunicationServicesMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Kene Acquisition, Inc. (dba Entrust) Industry Commercial Services & Supplies Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 12/17/32 Two2025-12-310002020354ck0002020354:FirstAmendedSCBRevolvingCreditFacilityMember2024-09-250002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% One, Inc. Software Corporation Industry Software Reference Rate and Spread S + 4.50% Maturity 12/06/32 One2025-12-310002020354ck0002020354:ConvenientPaymentsAcquisitionIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Zeppelin US Buyer Inc. (dba Global Critical Logistics) Industry Air Freight & Logistics Reference Rate and Spread S + 4.75% Maturity 07/30/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% ML Holdco, LLC (dba MeridianLink) Industry Software Reference Rate and Spread S + 4.50% Maturity 10/25/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% AQ Sunshine, Inc. (dba Relation Insurance) Industry Insurance Reference Rate and Spread S + 4.50% Maturity 07/24/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% KPA Parent Holdings, Inc. Industry Software Reference Rate and Spread S + 4.50% Maturity 03/12/322026-03-310002020354ck0002020354:InvestmentAffiliatedIssuerNoncontrollingIncludedMoneyMarketFundsMember2024-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% PDDS Holdco, Inc. (dba Planet DDS) Industry Health Care Technology Interest Rate 9.63% Reference Rate and Spread S + 6.00% Maturity 09/30/312026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Wellness AcquisitionCo, Inc. (dba SPINS) Industry IT Services Reference Rate and Spread S + 4.75% Maturity 01/22/292026-03-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:ArkDataCentersLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354us-gaap:FoodAndBeverageMember2025-12-310002020354ck0002020354:KPAParentHoldingsIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Wellness AcquisitionCo, Inc. (dba SPINS) Industry IT Services Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 01/22/292025-12-310002020354ck0002020354:AerospaceAndDefenseMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Splash Car Wash, Inc. Industry Diversified Consumer Services Reference Rate and Spread S + 5.00% Maturity 03/17/312026-03-310002020354ck0002020354:SundanceGroupHoldingsIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:HouseholdProductsMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Sundance Group Holdings, Inc. (dba NetDocuments) Industry Software Interest Rate 8.45% Reference Rate and Spread S + 4.75% Maturity 07/02/292026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Ark Data Centers, LLC Industry IT Services Interest Rate 8.45% Reference Rate and Spread S + 4.75% Maturity 11/27/30 One2026-03-310002020354ck0002020354:AppleBidcoHoldingsIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Convenient Payments Acquisition, Inc. Industry Software Interest Rate 9.73% Reference Rate and Spread S + 6.00% Maturity 12/31/26 One2025-12-310002020354ck0002020354:CURiOBrandsLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Burgess Pigment Co. Industry Chemicals Reference Rate and Spread S + 5.00% Maturity 03/19/31 One2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% UFT Buyer LLC (dba United Flow Technologies) Industry Trading Companies & Distributors Interest Rate 8.27% Reference Rate and Spread S + 4.50% Maturity 12/06/322025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Tropical Bidco, LLC (dba Tropical Cheese) Industry Food Products Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 12/11/302025-12-310002020354Non-Controlled Affiliates Goldman Sachs Financial Square Government Fund - Institutional Shares2026-01-012026-03-310002020354ck0002020354:EnveroMidco2LLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:InvestmentAffiliatedIssuerNoncontrollingIncludedMoneyMarketFundsMember2026-03-310002020354us-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310002020354ck0002020354:OnADateSubsequentToTheDateMember2026-01-012026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% AAG KP Borrower LLC (dba KUIU) Industry Textiles, Apparel & Luxury Goods Interest Rate 8.76% Reference Rate and Spread S + 5.00% Maturity 12/05/312025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Businessolver.com, Inc. Industry Health Care Technology Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 12/03/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Accommodations Plus Technologies LLC Industry Software Reference Rate and Spread S + 5.25% Maturity 05/28/322026-03-310002020354country:USus-gaap:InvestmentAffiliatedIssuerMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Wildcat Solutions Holdings, LLC (dba O6 Environmental) Industry Commercial Services & Supplies Reference Rate and Spread S + 4.75% Maturity 08/05/32 One2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% SpecialtyCare, Inc. Industry Health Care Providers & Services Interest Rate 8.84% Reference Rate and Spread S + 5.00% Maturity 12/18/292025-12-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:AirFreightAndLogisticsMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMemberck0002020354:BurgessPigmentCoMember2026-03-310002020354us-gaap:CommonStockMember2026-03-310002020354us-gaap:ComputerSoftwareIntangibleAssetMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% UFT Buyer LLC (dba United Flow Technologies) Industry Trading Companies & Distributors Reference Rate and Spread S + 4.50% Maturity 12/06/322025-12-310002020354ck0002020354:WellnessAcquisitioncoIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Businessolver.com, Inc. Industry Health Care Technology Reference Rate and Spread S + 4.50% Maturity 12/03/32 One2026-03-310002020354ck0002020354:OneMonthSOFRMember2026-01-012026-03-310002020354us-gaap:FoodAndBeverageMember2026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberus-gaap:ComputerSoftwareIntangibleAssetMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMemberck0002020354:AtwellLLCMember2026-03-310002020354ck0002020354:CommercialServicesAndSuppliesMember2026-03-310002020354ck0002020354:CeleroCommerceLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Lobos Parent, Inc. (dba NEOGOV) Industry Software Reference Rate and Spread S + 4.50% Maturity 09/27/322026-03-310002020354us-gaap:FairValueInputsLevel3Member2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Curriculum Associates, LLC Industry Diversified Consumer Services Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 05/07/32 One2026-03-310002020354ck0002020354:BCTOBluebillBuyerIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:MLHoldcoLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354us-gaap:FinancialServicesSectorMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Frontline Road Safety Operations, LLC Industry Commercial Services & Supplies Interest Rate 8.47% Reference Rate and Spread S + 4.75% (Incl. 2.00% PIK) Maturity 03/04/322025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Ark Data Centers, LLC Industry IT Services Interest Rate 8.72% Reference Rate and Spread S + 4.75% Maturity 11/27/302025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Celero Commerce LLC Industry Financial Services Reference Rate and Spread S + 5.00% Maturity 02/28/312025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% PAS Parent Inc. (dba Pace Analytical) Industry Professional Services Interest Rate 8.22% Reference Rate and Spread S + 4.50% Maturity 08/18/322025-12-310002020354ck0002020354:GoldmanSachsFinancialSquareGovernmentFundMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% One, Inc. Software Corporation Industry Software Reference Rate and Spread S + 4.50% Maturity 12/06/32 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% CURiO Brands LLC Industry Household Products Reference Rate and Spread S + 5.00% Maturity 04/02/31 One2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% TL Sapphire Holdings, Inc. (dba SouthernCarlson) Industry Trading Companies & Distributors Reference Rate and Spread S + 5.00% Maturity 01/24/332026-03-310002020354us-gaap:DebtSecuritiesMembercountry:US2025-12-310002020354ck0002020354:InvestmentsAtFairValueMemberus-gaap:GeographicConcentrationRiskMembercountry:US2025-01-012025-12-3100020203542026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% SpecialtyCare, Inc. Industry Health Care Providers & Services Interest Rate 8.66% Reference Rate and Spread S + 5.00% Maturity 12/18/292026-03-310002020354ck0002020354:ScbRevolvingCreditFacilityMember2024-09-250002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Lobos Parent, Inc. (dba NEOGOV) Industry Software Reference Rate and Spread S + 4.50% Maturity 09/26/312025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% TL Sapphire Holdings, Inc. (dba SouthernCarlson) Industry Trading Companies & Distributors Reference Rate and Spread S + 5.00% Maturity 01/24/332025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Splash Car Wash, Inc. Industry Diversified Consumer Services Reference Rate and Spread S + 5.00% Maturity 03/17/322025-12-310002020354ck0002020354:ITServicesMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% PDDS Holdco, Inc. (dba Planet DDS) Industry Health Care Technology Reference Rate and Spread S + 6.00% Maturity 09/30/312025-12-310002020354ck0002020354:HighLevelIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Saber Parent Holdings Corp. (dba Service Logic) Industry Commercial Services & Supplies Reference Rate and Spread S + 4.50% Maturity 12/16/32 One2025-12-310002020354country:USus-gaap:InvestmentAffiliatedIssuerMember2026-03-310002020354ck0002020354:InvestmentsAtFairValueMemberck0002020354:AirFreightAndLogisticsMemberck0002020354:IndustryConcentrationRiskMember2026-01-012026-03-310002020354ck0002020354:FirstLienSeniorSecuredDebtMembercountry:US2025-12-3100020203542024-10-302024-12-310002020354us-gaap:ComputerSoftwareIntangibleAssetMember2025-12-310002020354ck0002020354:WirelessTelecommunicationServicesMember2025-12-310002020354us-gaap:MachineryAndEquipmentMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Curriculum Associates, LLC Industry Diversified Consumer Services Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 05/07/322026-03-310002020354us-gaap:FairValueInputsLevel3Member2026-01-012026-03-310002020354us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberck0002020354:BankLoansCorporateDebtAndOtherDebtObligationsMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Tropical Bidco, LLC (dba Tropical Cheese) Industry Food Products Reference Rate and Spread S + 4.75% Maturity 12/11/302025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Saber Parent Holdings Corp. (dba Service Logic) Industry Commercial Services & Supplies Interest Rate 8.42% Reference Rate and Spread S + 4.75% (Incl. 2.25% PIK) Maturity 12/16/322026-03-310002020354ck0002020354:PddsHoldcoIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354us-gaap:HealthcareSectorMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Splash Car Wash, Inc. Industry Diversified Consumer Services Interest Rate 8.70% Reference Rate and Spread S + 5.00% Maturity 03/17/322026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Airwavz Solutions, Inc. Industry Wireless Telecommunication Services Reference Rate and Spread S + 5.25% Maturity 03/31/272025-12-310002020354us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberck0002020354:BankLoansCorporateDebtAndOtherDebtObligationsMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Apple Bidco Holdings, Inc. (dba Raptor Technologies) Industry Software Reference Rate and Spread S + 4.50% Maturity 12/01/32 One2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% TL Sapphire Holdings, Inc. (dba SouthernCarlson) Industry Trading Companies & Distributors Reference Rate and Spread S + 5.00% Maturity 01/24/33 One2025-12-310002020354us-gaap:InvestmentAffiliatedIssuerMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% One, Inc. Software Corporation Industry Software Reference Rate and Spread S + 4.50% Maturity 12/06/322026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Fullsteam Operations LLC Industry Financial Services Reference Rate and Spread S + 5.25% Maturity 08/08/31 One2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% AAG KP Borrower LLC (dba KUIU) Industry Textiles, Apparel & Luxury Goods Interest Rate 8.67% Reference Rate and Spread S + 5.00% Maturity 12/05/312026-03-310002020354ck0002020354:PPWAeroBuyerIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Ideal Components Acquisition, LLC (dba Ideal Tridon) Industry Machinery Interest Rate 8.67% Reference Rate and Spread S + 5.00% Maturity 06/30/322025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Convenient Payments Acquisition, Inc. Industry Software Interest Rate 9.73% Reference Rate and Spread S + 6.00% Maturity 12/31/262025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% eShipping, LLC Industry Air Freight & Logistics Reference Rate and Spread S + 4.50% Maturity 12/23/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Ark Data Centers, LLC Industry IT Services Interest Rate 8.45% Reference Rate and Spread S + 4.75% Maturity 11/27/302026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Burgess Pigment Co. Industry Chemicals Reference Rate and Spread S + 5.00% Maturity 03/19/312026-03-310002020354us-gaap:FinancialServicesSectorMember2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% EnviroSmart, LLC (dba ES Integrated) Industry Commercial Services & Supplies Interest Rate 8.67% Reference Rate and Spread S + 5.00% Maturity 09/24/31 One2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% CURiO Brands LLC Industry Household Products Interest Rate 8.92% Reference Rate and Spread S + 5.25% Maturity 04/02/312025-12-310002020354ck0002020354:MLHoldcoLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354us-gaap:FairValueInputsLevel3Member2025-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% eShipping, LLC Industry Air Freight & Logistics Reference Rate and Spread S + 4.50% Maturity 12/23/322026-03-3100020203542026-01-012026-03-310002020354ck0002020354:ScbRevolvingCreditFacilityMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% eShipping, LLC Industry Air Freight & Logistics Reference Rate and Spread S + 4.50% Maturity 12/23/32 One2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% UFT Buyer LLC (dba United Flow Technologies) Industry Trading Companies & Distributors Interest Rate 8.70% Reference Rate and Spread S + 5.00% (Incl. 2.75% PIK) Maturity 12/06/322026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Wildcat Solutions Holdings, LLC (dba O6 Environmental) Industry Commercial Services & Supplies Interest Rate 8.51% Reference Rate and Spread S + 4.75% Maturity 08/05/322025-12-310002020354ck0002020354:TradingCompaniesAndDistributorsMember2025-12-310002020354ck0002020354:AAGKPBorrowerLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:ZeppelinUSBuyerIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Computer Services, Inc. Industry Financial Services Interest Rate 8.20% Reference Rate and Spread S + 4.50% Maturity 11/17/312026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Splash Car Wash, Inc. Industry Diversified Consumer Services Interest Rate 8.67% Reference Rate and Spread S + 5.00% Maturity 03/17/322025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Computer Services, Inc. Industry Financial Services Reference Rate and Spread S + 4.50% Maturity 11/17/312026-03-310002020354ck0002020354:SplashCarWashIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:HouseholdProductsMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Saber Parent Holdings Corp. (dba Service Logic) Industry Commercial Services & Supplies Interest Rate 10.25% Reference Rate and Spread P + 3.50% Maturity 12/16/322026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% PAS Parent Inc. (dba Pace Analytical) Industry Professional Services Reference Rate and Spread S + 4.50% Maturity 08/18/312026-03-310002020354ck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:FirstAndSecondLienOrSeniorSecuredDebtAndMoneyMarketFundsMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Rotation Buyer, LLC (dba Rotating Machinery Services) Industry Machinery Interest Rate 8.45% Reference Rate and Spread S + 4.75% Maturity 12/26/312026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Apple Bidco Holdings, Inc. (dba Raptor Technologies) Industry Software Reference Rate and Spread S + 4.50% Maturity 12/01/322025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% KPA Parent Holdings, Inc. Industry Software Reference Rate and Spread S + 4.50% Maturity 03/12/32 One2025-12-310002020354ck0002020354:InvestmentsInAffiliatedMoneyMarketFundMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Wellness AcquisitionCo, Inc. (dba SPINS) Industry IT Services Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 01/22/29 Two2025-12-310002020354ck0002020354:PPWAeroBuyerIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Businessolver.com, Inc. Industry Health Care Technology Reference Rate and Spread S + 4.50% Maturity 12/03/322025-12-310002020354us-gaap:InvestmentAffiliatedIssuerMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% Edko, LLC Industry Commercial Services & Supplies Interest Rate 8.42% Reference Rate and Spread S + 4.75% Maturity 10/02/312025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Airwavz Solutions, Inc. Industry Wireless Telecommunication Services Reference Rate and Spread S + 5.25% Maturity 03/31/272026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% PPW Aero Buyer, Inc. (dba Pursuit Aerospace) Industry Aerospace & Defense Reference Rate and Spread S + 5.00% Maturity 09/30/312025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Edko, LLC Industry Commercial Services & Supplies Interest Rate 8.45% Reference Rate and Spread S + 4.75% Maturity 10/02/312026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Frontline Road Safety Operations, LLC Industry Commercial Services & Supplies Interest Rate 8.42% Reference Rate and Spread S + 4.75% (Incl. 2.00% PIK) Maturity 03/04/32 Two2026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% PAS Parent Inc. (dba Pace Analytical) Industry Professional Services Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 08/18/322026-03-310002020354ck0002020354:EdkoLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Sundance Group Holdings, Inc. (dba NetDocuments) Industry Software Reference Rate and Spread S + 4.75% Maturity 07/02/292026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% KPA Parent Holdings, Inc. Industry Software Interest Rate 8.17% Reference Rate and Spread S + 4.50% Maturity 03/12/322026-03-310002020354ck0002020354:ThreeMonthSOFRMember2026-01-012026-03-310002020354Debt Investments - 188.4% United States - 188.4% 1st Lien/Senior Secured Debt - 188.4% Apple Bidco Holdings, Inc. (dba Raptor Technologies) Industry Software Interest Rate 8.20% Reference Rate and Spread S + 4.50% Maturity 01/22/332026-03-310002020354ck0002020354:InvestmentAffiliatedIssuerNoncontrollingIncludedMoneyMarketFundsMember2025-01-012025-12-310002020354ck0002020354:AerospaceAndDefenseMemberck0002020354:InvestmentsAtFairValueMemberck0002020354:IndustryConcentrationRiskMember2025-01-012025-12-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% eShipping, LLC Industry Air Freight & Logistics Interest Rate 8.19% Reference Rate and Spread S + 4.50% Maturity 12/23/322025-12-310002020354ck0002020354:MarchNineTwoThousandAndTwentySixMember2026-01-012026-03-310002020354ck0002020354:PddsHoldcoIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:RotationBuyerLLCMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354ck0002020354:ScbRevolvingCreditFacilityMember2025-12-3100020203542025-03-310002020354ck0002020354:SaberParentHoldingsCorpMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Debt Investments - 210.4% United States - 210.4% 1st Lien/Senior Secured Debt - 210.4% EnviroSmart, LLC (dba ES Integrated) Industry Commercial Services & Supplies Interest Rate 8.74% Reference Rate and Spread S + 4.75% Maturity 09/24/312025-12-310002020354ck0002020354:BCTOBluebillBuyerIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2025-12-310002020354ck0002020354:PASParentIncMemberck0002020354:FirstLienOrSeniorSecuredDebtMember2026-03-310002020354Non-Controlled Affiliates Goldman Sachs Financial Square Government Fund - Institutional Shares2026-03-31xbrli:purexbrli:sharesiso4217:USDxbrli:sharesck0002020354:Segmentiso4217:USD\n\n \n\n \n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\nFORM 10-Q\n\n \n\n☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nor\n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nCommission file number: 814-01758\n\n \n\nWest Bay BDC LLC\n\n(Exact Name of Registrant as Specified in Its Charter)\n\n \n\nDelaware\n\n99-1657525\n\n(State or Other Jurisdiction of\n\nIncorporation or Organization)\n\n(I.R.S. Employer\n\nIdentification No.)\n\n \n\n \n\n200 West Street, New York, New York\n\n10282\n\n(Address of Principal Executive Offices)\n\n(Zip Code)\n\nRegistrant’s Telephone Number, Including Area Code: (312) 655-4419\n\nNot Applicable\n\nFormer Name, Former Address and Former Fiscal Year, If Changed Since Last Report.\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\nTitle of each class\n\n \n\nTrading Symbol(s)\n\n \n\nName of each exchange\n\non which registered\n\nNone\n\n \n\nNone\n\n \n\nNone\n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer:\n\n☐\n\nAccelerated filer:\n\n☐\n\nNon-accelerated filer:\n\n☒\n\nSmaller reporting company:\n\n☐\n\nEmerging growth company:\n\n☒\n\n \n\n \n\n \n\n \n\n \n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YES ☐ NO ☒\n\nAs of May 12, 2026, there were 14,487,726 of the limited liability company's common units outstanding.\n\n \n\n \n\n[Table of Contents](#toc_page)\n\n \n\nWest Bay BDC LLC\n\nQUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026\n\n \n\n \n\n \n\nINDEX\n\nPAGE\n\n \n\n[Cautionary Statement Regarding Forward-Looking Statements](#cautionary_statement_regarding_forwardlo)\n\n3\n\n[PART I.](#parti)\n\n[FINANCIAL INFORMATION](#parti)"}