Bain Capital Specialty Finance (BCSF) details floating-rate loan and FX hedge book

Rhea-AI Filing Summary

Bain Capital Specialty Finance (BCSF) provides a detailed schedule of its non-controlled and non-affiliated investments within the quarter. The portfolio is heavily weighted to first lien senior secured loans across many industries, along with select second lien loans, subordinated debt and preferred equity positions.

Most debt investments reference floating benchmarks such as SOFR, EURIBOR, SONIA, BBSY and CORRA, with credit spreads that often result in total interest rates in the high single to low double digits, and some feature PIK (paid-in-kind) components. The schedule also lists numerous forward foreign currency exchange contracts and interest rate swaps, showing active use of derivatives alongside loans with maturities extending into the early 2030s.

Key Figures

High PIK loan rate: 14.43% interest rate Subordinated debt yield: 16.00% PIK interest Long-dated maturity: 12/31/2032 maturity +4 more

7 metrics

High PIK loan rate 14.43% interest rate Arctic Glacier U.S.A., Inc. first lien loan with 6.76% SOFR spread and 4.00% PIK

Subordinated debt yield 16.00% PIK interest Chartbeat subordinated debt with 16.00% spread and PIK interest

Long-dated maturity 12/31/2032 maturity Daintree Bidco Pty Ltd first lien senior secured loan BBSY-based

SOFR loan example 9.20% interest rate EHE Health first lien senior secured loan with 5.50% SOFR spread

SONIA loan rate 9.48% interest rate Beneficium first lien senior secured loan with 5.75% SONIA spread

EURIBOR loan rate 8.27% interest rate Reconomy first lien senior secured loan with 6.25% EURIBOR spread

FX contract horizon Settlement dates into 2027 Forward foreign currency exchange contracts with banks like BNP Paribas and Morgan Stanley

Key Terms

First Lien Senior Secured Loan, PIK Interest, SOFR Spread, EURIBOR Spread, +2 more

6 terms

First Lien Senior Secured Loan financial

"EHE Health First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.20%"

A first lien senior secured loan is a debt where the lender has the top legal claim on a borrower’s specific assets and is paid before other creditors if the borrower defaults. Think of it like a first mortgage on a house: the lender has the strongest right to the property used as collateral. For investors this matters because these loans typically carry lower risk and priority in recovery, often offering lower yields than unsecured debt but greater protection if the borrower runs into trouble.

PIK Interest financial

"Subordinated Debt Spread 16.00% PIK Interest Rate 16.00% Maturity Date 10/4/2030"

Payment-in-kind (PIK) interest is interest on a loan or bond that is paid by adding to the borrower’s debt rather than by handing over cash; think of it as paying rent by giving an IOU that increases the total owed instead of using money now. Investors care because PIK raises short-term cash for the borrower but increases future risk — the lender receives a larger, deferred payment and assumes more credit and timing uncertainty.

SOFR Spread financial

"RoadOne First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 9.95%"

EURIBOR Spread financial

"Utimaco First Lien Senior Secured Loan EURIBOR Spread 5.50% Interest Rate 7.62%"

SONIA Spread financial

"Avalon Bidco Limited First Lien Senior Secured Loan SONIA Spread 6.25% Interest Rate 9.99%"

Forward Foreign Currency Exchange Contracts financial

"Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 7/31/2026"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What types of investments dominate BCSF’s 10-Q portfolio disclosure?

BCSF’s portfolio is dominated by first lien senior secured loans across sectors such as healthcare, technology, consumer, and industrials. The schedule also includes some second lien loans, subordinated debt, preferred equity, and equity interests in various portfolio companies.

How are most BCSF loans in this 10-Q structured from an interest perspective?

Most loans are floating-rate facilities tied to benchmarks like SOFR, EURIBOR, SONIA, BBSY, CORRA or NIBOR. They carry credit spreads that produce all-in interest rates generally in the high single to low double digits, with some including PIK interest features.

What is the typical maturity profile of BCSF’s investments in this filing?

The investments show staggered maturities, with many first lien loans, revolvers and delayed draw facilities coming due between 2026 and 2032. This indicates a portfolio of medium- to long-dated private credit exposures across multiple counterparties and structures.

Does BCSF use derivatives in conjunction with its loan portfolio?

Yes. The schedule lists multiple forward foreign currency exchange contracts with banks such as BNP Paribas, Morgan Stanley and US Bank, plus interest rate swaps referencing March 2030 and March 2031 notes, indicating derivative use alongside the core loan book.

Which sectors are represented in BCSF’s non-controlled, non-affiliated investments?

BCSF’s investments span many sectors, including Healthcare & Pharmaceuticals, FIRE (Finance and Insurance), High Tech Industries, Consumer Goods, Transportation, Environmental Industries and more. This reflects a broadly diversified private credit and equity-oriented portfolio by industry.

What are PIK interest features mentioned in BCSF’s investment schedule?

Several instruments carry PIK (paid-in-kind) interest, where some or all interest is added to the loan balance instead of being paid in cash. Entries such as spreads with PIK components and PIK-only subordinated debt highlight this non-cash interest structure in parts of the portfolio.

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GmbH First Lien Senior Secured Loan EURIBOR Spread 4.00% (3.00% PIK) Interest Rate 9.12% Maturity Date 5/28/20282026-03-310001655050us-gaap:AerospaceSectorMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2026-03-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Monarch Finco, LLC First Lien Senior Secured Loan SOFR Spread 4.25% Interest Rate 7.92% Maturity Date 10/29/20322026-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MMCLOWH3CreditFacilityMember2024-12-092024-12-090001655050Non-controlled/Non-Affiliated Investments Wholesale Fifty AU Bidco Pty Ltd First Lien Senior Secured Loan BBSY Spread 5.00% Interest Rate 9.36% Maturity Date 8/1/20312026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:MediaAdvertisingPrintingAndPublishingMember2025-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 7/31/20262026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 05/08/20262025-12-310001655050bcsf:AMIMemberbcsf:RevolverCommitmentMember2025-12-310001655050Investment Spindrift Acquisition Date 2/19/20252026-01-012026-03-310001655050Investment Opus2 Acquisition Date 6/16/20212025-01-012025-12-310001655050Investment Utimaco Acquisition Date 6/28/20222025-01-012025-12-310001655050bcsf:InvestmentHoldingMemberus-gaap:AutomotiveSectorMember2026-01-012026-03-310001655050bcsf:IncentiveFeeBasedOnIncomeMember2026-01-012026-03-310001655050Aerospace & Defense BTX Precision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 8.67% Maturity Date 7/25/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2026-03-310001655050us-gaap:SecuredDebtMember2026-01-012026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Capital Equipment Goodfellow First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 8.92% Maturity Date 2/10/20322025-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries RetailNext First Lien Senior Secured Loan - Revolver SOFR Spread 7.00% Interest Rate 10.86% Maturity Date 12/5/20302025-12-310001655050Investment REP Coinvest III- A Omni, L.P. 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First Lien Senior Secured Loan - Revolver SOFR Spread 5.65% (1.50% PIK) Interest Rate 10.85% Maturity Date 11/11/20272026-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberContainers, Packaging & Glass Precision Concepts Canada Corporation First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.57% Maturity Date 8/2/20322025-12-310001655050Non-controlled/Non-Affiliated Investments Banking, Finance, Insurance & Real Estate Morrow Sodali First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.73% Interest Rate 10.09% Maturity Date 4/25/20282025-12-310001655050country:FR2026-03-310001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance Simplicity First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.45% Maturity Date 12/31/20312026-03-310001655050bcsf:ChemicalsPlasticsAndRubberMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure City BBQ First Lien Senior Secured Loan SOFR Spread 5.35% Interest Rate 9.10% Maturity Date 9/4/20302025-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorTwoMember2025-01-012025-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo RoadOne First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 9.95% Maturity Date 12/29/20282025-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 5/19/20262025-01-012025-12-310001655050bcsf:McLarensAcquisitionIncMemberbcsf:RevolverCommitmentMember2026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Consumer Goods: Durable Stanton Carpet Second Lien Senior Secured Loan SOFR Spread 9.15% Interest Rate 12.80% Maturity Date 3/31/20282026-03-310001655050country:AU2026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries Titan Cloud Software, Inc Equity Interest2026-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassATwoRTwoZeroTwoThreeOneNotesMember2026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Pollo Tropical First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.07% Maturity Date 10/23/20292025-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Beacon Specialized Living First Lien Senior Secured Loan - 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First Lien Senior Secured Loan SOFR Spread 2.65% (4.25% PIK) Interest Rate 10.58% Maturity Date 2/3/20282026-03-310001655050bcsf:MeteorUKBidcoLimitedMemberbcsf:RevolverCommitmentMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Aggregator Equity Interest One2026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 10/30/20262026-03-310001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan - Revolver SOFR Spread 4.00% (1.50% PIK) Interest Rate 9.16% Maturity Date 5/17/20292026-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassbRSeniorDeferrableFloatingRateNotesMember2025-08-130001655050bcsf:WUHoldcoIncMemberbcsf:RevolverCommitmentMember2026-03-310001655050country:DE2025-01-012025-12-310001655050bcsf:ConsumerGoodsNonDurableSectorMemberbcsf:InvestmentHoldingMember2026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals RedMed Operations (Collage Rehabilitation) First Lien Senior Secured Loan - Delayed Draw Maturity Date 2/28/20312025-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Congress Wealth Equity Interest2026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Media: Advertising, Printing & Publishing TGI Sport Bidco Pty Ltd First Lien Senior Secured Loan - Delayed Draw SONIA Spread 6.03% Interest Rate 9.79% Maturity Date 6/24/20292026-03-310001655050Non-controlled/Non-Affiliated Investments Services: Business Brook Bidco First Lien Senior Secured Loan SONIA Spread 1.87% (5.66% PIK) Interest Rate 11.25% Maturity Date 7/10/20282025-12-310001655050Investment Precision Ultimate Holdings, LLC Acquisition Date 11/6/20192026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Monarch Finco, LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.25% Interest Rate 8.09% Maturity Date 10/29/20322025-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Insigneo Financial Group LLC Equity Interest2025-12-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Meriplex Communications, Ltd. 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First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/17/20332026-03-310001655050bcsf:OghBidcoLimitedMemberbcsf:DelayedDrawCommitmentMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Services: Business ImageTrend First Lien Senior Secured Loan - Revolver Maturity Date 1/31/20292026-03-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:WarrantMemberus-gaap:MeasurementInputDiscountRateMember2026-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ServicesBusinessMember2025-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Consumer PrimeFlight Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.20% Maturity Date 5/1/20292026-03-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals AEG Vision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.90% Interest Rate 9.60% Maturity Date 3/27/20272026-03-310001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber Plaskolite PPC Intermediate II LLC First Lien Senior Secured Loan SOFR Spread 4.00% (4.00% PIK) Interest Rate 11.86% Maturity Date 5/9/20302025-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Chilton First Lien Senior Secured Loan - Revolver SOFR Spread 5.50% Interest Rate 9.14% Maturity Date 2/5/20312026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 4/10/20262025-01-012025-12-310001655050bcsf:ContainersPackagingAndGlassMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Settlement Date 10/22/20262026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments Services: Business Opus2 Equity Interest2025-12-310001655050bcsf:SumitomoCreditFacilityMember2022-12-140001655050bcsf:CorePowerYogaLLCMemberbcsf:DelayedDrawCommitmentMember2025-12-310001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2026-03-310001655050bcsf:SurreyBidcoLimitedMemberbcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2025-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:NZD2026-03-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Solaray, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 5.60% Interest Rate 9.44% Maturity Date 6/15/20282025-12-310001655050bcsf:PlaskolitePPCIntermediateIILLCMemberbcsf:RevolverCommitmentMember2026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberCanadian Dollar Retail New Look Vision Group First Lien Senior Secured Loan - Delayed Draw CORRA Spread 5.25% Interest Rate 7.51% Maturity Date 5/26/20282025-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Mertus 522. 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GmbH First Lien Senior Secured Loan EURIBOR Spread 4.00% (3.00% PIK) Interest Rate 9.13% Maturity Date 5/28/20282025-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConstruction & Building G702 Buyer, Inc First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.42% Maturity Date 7/2/20312025-12-310001655050Healthcare & Pharmaceuticals EHE Health First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.20% Maturity Date 8/7/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2026-03-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:EquitySecuritiesTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 10/26/20262025-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Vatica Health, Inc. 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First Lien Senior Secured Loan SOFR Spread 5.76% Interest Rate 9.44% Maturity Date 10/11/20272026-03-310001655050Non-controlled/Non-Affiliated Investments Services: Business BLI Buyer, Inc. 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First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 8.67% Maturity Date 10/31/20312026-03-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco PPX Preferred Equity2024-12-310001655050bcsf:PreferredStockOneMemberus-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberWholesale SureWerx First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 8.92% Maturity Date 12/28/20292025-12-310001655050Wholesale Hultec First Lien Senior Secured Loan SOFR Spread 5.65% Interest Rate 9.32% Maturity Date 3/31/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2025-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Aggregator Equity Interest One2025-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.20% Maturity Date 12/20/2031 One2026-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:CapitalEquipmentSectorMember2026-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:HighTechIndustriesMember2025-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 3/20/20262025-01-012025-12-310001655050bcsf:WUHoldcoIncMemberbcsf:DelayedDrawCommitmentMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries Titan Cloud Software, Inc First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.85% Interest Rate 9.53% Maturity Date 9/7/20292026-03-310001655050Non-controlled/Non-Affiliated Investments Metals & Mining Elevation NewCo Intermediate, LLC Equity Interest2025-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business SoftCo First Lien Senior Secured Loan EURIBOR Spread 6.50% Interest Rate 8.57% Maturity Date 2/22/20312025-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment PPT Group Equity Interest2026-03-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Nafinco First Lien Senior Secured Loan - Revolver EURIBOR Spread 5.25% Interest Rate 7.37% Maturity Date 5/30/20312026-03-310001655050us-gaap:InvestmentAffiliatedIssuerControlledMemberbcsf:TransportationCargoMember2026-03-310001655050bcsf:RevolverCommitmentMemberbcsf:WhitcraftParadigmMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Transportation: Consumer PrimeFlight First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 8.92% Maturity Date 5/1/20292026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.20% Maturity Date 12/20/2031 One2026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 6/25/20262026-03-310001655050bcsf:GulfWindsInternationalMemberbcsf:RevolverCommitmentMember2026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:ServicesBusinessMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP First Lien Senior Secured Loan SOFR Spread 1.25% Interest Rate 5.45% Maturity Date 4/27/20282025-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Chase Industries, Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 5.65% (1.50% PIK) Interest Rate 10.82% Maturity Date 11/11/20272025-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 10/2/20262026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals EHE Health Equity Interest2026-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTelecommunications Meriplex Communications, Ltd. 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Equity Interest2026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Settlement Date 11/10/20262026-01-012026-03-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansFourMemberbcsf:ValuationTechniqueCollateralCoverageAnalysisMemberbcsf:MeasurementInputRecoveryRateMember2025-12-310001655050Automotive JHCC Holdings, LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 9/9/2027bcsf:BainCapitalSeniorLoanProgramLlcMember2025-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 3/30/20262025-01-012025-12-310001655050Investment Forward Slope Acquisition Date 3/15/20242026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Sunmed Group Holdings, LLC First Lien Senior Secured Loan - Revolver Maturity Date 6/16/20272026-03-310001655050bcsf:Notes2025OneMember2025-07-080001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:HighTechIndustriesMember2026-03-310001655050Investment BCC HGS Investments 1, LLC Acquisition Date 10/21/20252025-01-012025-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberus-gaap:RetailSectorMember2025-12-310001655050Non-controlled/Non-Affiliated Investments Media: Diversified & Production Efficient Collaborative Retail Marketing Company, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 6.61% Interest Rate 10.28% Maturity Date 9/30/20262026-03-310001655050bcsf:VaticaHealthIncMemberbcsf:RevolverCommitmentMember2026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Environmental Industries Reconomy First Lien Senior Secured Loan SONIA Spread 6.50% Interest Rate 10.23% Maturity Date 7/12/20292026-03-310001655050bcsf:InterestRateFloorTwoMember2026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments Services: Business DTIQ Equity Interest2025-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:PureWaferMember2025-12-310001655050bcsf:ClassD-OneNotesTwoZeroTwoFive-OneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision Equity Interest2025-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:MediaBroadcastingAndSubscriptionMember2026-03-310001655050Investment ADT Pizza, LLC Acquisition Date 10/29/20182026-01-012026-03-310001655050bcsf:SGGlobalMidcoLimitedMemberbcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2025-01-012025-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance Simplicity First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.40% Maturity Date 12/31/20312025-12-310001655050bcsf:BridgerAerospaceGroupHoldingsIncMemberbcsf:RevolverCommitmentMember2025-12-310001655050Investment Pure Wafer Acquisition Date 11/12/20242025-01-012025-12-310001655050Non-controlled/Non-Affiliated Investments Automotive JHCC Holdings, LLC First Lien Senior Secured Loan - Revolver Prime Spread 4.25% Interest Rate 11.75% Maturity Date 9/9/20272025-12-310001655050bcsf:AtTheMarketOfferingsMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Bridger Aerospace Group Holdings, Inc. First Lien Senior Secured Loan SOFR Spread 6.00% Interest Rate 9.67% Maturity Date 10/28/20302026-03-310001655050Non-controlled/Non-Affiliated Investments Services: Business HLSG Intermediate, First Lien Senior Secured Loan - Revolver Maturity Date 2/2/20332026-03-310001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance McLarens Acquisition Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.90% Interest Rate 8.59% Maturity Date 12/19/20272026-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business TEI Holdings Inc. First Lien Senior Secured Loan SOFR Spread 4.00% Interest Rate 9.67% Maturity Date 4/9/20312025-12-3100016550502019-02-020001655050bcsf:ImageTrendMemberbcsf:RevolverCommitmentMember2026-03-310001655050bcsf:IncentiveFeeBasedOnIncomeMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan - Revolver SOFR Spread 5.85% Interest Rate 9.53% Maturity Date 12/22/20272026-03-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Beacon Specialized Living First Lien Senior Secured Loan - Revolver Maturity Date 3/25/20282026-03-310001655050Metals & Mining Elevation NewCo, LLC First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 9.45% Maturity Date 8/1/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 06/25/20262025-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberAustralian Dollar Advertising, Printing & Publishing T G I Sport Bidco Pty Ltd First Lien Senior Secured Loan - Delayed Draw SOFR Spread 7.11% Interest Rate 10.83% Maturity Date 4/30/20262025-12-310001655050country:NZ2025-12-310001655050bcsf:CityBbqMemberbcsf:DelayedDrawCommitmentMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Solairus First Lien Senior Secured Loan - Delayed Draw Maturity Date 7/22/20302026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 10/2/2026 One2026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 2.65% (4.25% PIK) Interest Rate 10.58% Maturity Date 2/3/2028 One2026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty Citibank Settlement Date 1/22/20272026-01-012026-03-310001655050us-gaap:WarrantMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Alldent Holding GmbH First Lien Senior Secured Loan EURIBOR Spread 5.50% Interest Rate 7.62% Maturity Date 11/15/20322026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 8/13/20262026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Environmental Industries Reconomy First Lien Senior Secured Loan - Revolver SOFR Spread 6.50% Interest Rate 10.20% Maturity Date 7/12/20292026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 11/06/20262025-12-310001655050bcsf:InvestmentHoldingMemberbcsf:FireFinanceSectorMember2026-03-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMember2026-03-310001655050bcsf:RevolverCommitmentMemberbcsf:MonarchFincoLLCMember2025-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals HealthDrive First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.10% Interest Rate 9.82% Maturity Date 8/20/2029 One2025-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Apollo Intelligence First Lien Senior Secured Loan - Revolver SOFR Spread 5.75% Interest Rate 9.50% Maturity Date 5/31/20282025-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Capital Equipment Goodfellow First Lien Senior Secured Loan - Delayed Draw SONIA Spread 5.25% Interest Rate 8.98% Maturity Date 2/10/20322026-03-310001655050Investment Chartbeat Acquisition Date 10/4/20242025-01-012025-12-310001655050bcsf:HotelGamingAndLeisureMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:EquitySecuritiesTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMember2026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 9/16/20262026-01-012026-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConstruction & Building TL Sapphire Parent, Inc. 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First Lien Senior Secured Loan - Delayed Draw Maturity Date 4/15/20322025-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:ServicesBusinessMember2025-12-310001655050Controlled Affiliate Investments Transportation: Cargo Lightning Holdings B, LLC Equity Interest2025-12-310001655050bcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:WalkerEdisonFourMemberbcsf:NonControlledAffiliatedEntityMember2025-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberCapital Equipment AXH Air Coolers First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.20% Maturity Date 10/31/20292026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:NOKbcsf:ServicesBusinessMember2025-12-310001655050bcsf:ApprissMemberbcsf:RevolverCommitmentMember2025-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Settlement Date 6/17/20262026-03-310001655050bcsf:Notes2.95PercentDueMarch2026Member2021-03-100001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.95% Maturity Date 5/17/20292025-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MembershipInterestsMemberbcsf:Notes2025OneMember2025-07-080001655050Non-controlled/Non-Affiliated Investments Automotive Intoxalock First Lien Senior Secured Loan- Revolver SOFR Spread 5.15% Interest Rate 8.86% Maturity Date 11/1/20282026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Settlement Date 7/16/20262026-03-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries Meteor UK Bidco Limited First Lien Senior Secured Loan - Delayed Draw SONIA Spread 5.00% Interest Rate 8.95% Maturity Date 5/14/20322025-12-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries BCC HGS Investments 1, LLC Equity Interest2026-03-310001655050bcsf:BCSFAdvisorsLpMemberbcsf:PreIncentiveFeeNetInvestmentIncomeExceedsCatchUpAmountMember2025-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals RedMed Operations (Collage Rehabilitation) First Lien Senior Secured Loan - Revolver SOFR Spread 5.00% Interest Rate 8.77% Maturity Date 2/28/20312025-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals Psychiatric Medical Care LLC First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.41% Maturity Date 7/1/20322026-03-310001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMemberus-gaap:MeasurementInputComparabilityAdjustmentMember2026-03-310001655050bcsf:ICATLogisticsIncMemberbcsf:RevolverCommitmentMember2026-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:TransportationConsumerSectorMember2026-03-310001655050Hotel, Gaming & Leisure Awayday First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 8.95% Maturity Date 5/6/2032bcsf:BainCapitalSeniorLoanProgramLlcMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Gulf Winds International First Lien Senior Secured Loan SOFR Spread 6.00% (1.00% PIK) Interest Rate 10.72% Maturity Date 12/16/20282025-12-310001655050bcsf:PreferredEquityInterestInInvestmentVehiclesMember2025-01-012025-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building AGS American Glass Services Acquisition, LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.17% Maturity Date 7/24/20312026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency High Tech Industries Onventis First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 7.25% Interest Rate 9.29% Maturity Date 1/14/20302026-03-310001655050bcsf:RevolverCommitment1Memberbcsf:McLarensAcquisitionIncMember2025-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco SauceCo HoldCo, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 5.75% Interest Rate 9.42% Maturity Date 5/13/20302026-03-310001655050Healthcare & Pharmaceuticals Red Nucleus First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.02% Maturity Date 10/17/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2025-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense Heads Up Technologies, Inc. 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First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.90% Interest Rate 8.57% Maturity Date 4/15/20272025-12-310001655050Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 2.65% (4.25% PIK) Interest Rate 10.58% Maturity Date 2/3/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Spindrift Subordinated Debt Spread 13.75% PIK Interest Rate 13.75% Maturity Date 2/19/20332025-12-310001655050Non-controlled/Non-Affiliated Investments Wholesale WSP First Lien Senior Secured Loan SOFR Spread 1.15% (4.00% PIK) Interest Rate 8.82% Maturity Date 4/27/20282026-03-310001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberbcsf:EquitySecuritiesFourMemberbcsf:MeasurementInputBookValueMultipleMember2026-03-310001655050bcsf:ConsumerGoodsNonDurableSectorMemberbcsf:InvestmentHoldingMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Services: Business BLI Buyer, Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 5.00% Interest Rate 8.67% Maturity Date 10/31/20312026-03-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Hempz First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 8.95% Maturity Date 10/25/20292026-03-310001655050Non-controlled/Non-Affiliated Investments Services: Business ImageTrend First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 8.67% Maturity Date 1/31/20292026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Healthcare & Pharmaceuticals Mertus 522. GmbH First Lien Senior Secured Loan EURIBOR Spread 4.00% (3.00% PIK) Interest Rate 9.12% Maturity Date 5/28/20282025-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco AgroFresh Solutions First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 9.27% Maturity Date 3/31/20302026-03-310001655050us-gaap:WarrantMember2026-03-310001655050country:CA2025-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S Preferred Equity2025-12-310001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:PreferredStockTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMember2026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound High Tech Industries Cloud Technology Solutions (CTS) First Lien Senior Secured Loan SONIA Spread 2.53% (5.47% PIK) Interest Rate 11.73% Maturity Date 1/3/20302025-12-310001655050bcsf:GoldmanSachsUSTreasuryLiquidReservesFundMember2025-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Consumer MZR Buyer, LLC First Lien Senior Secured Loan SOFR Spread 6.90% (0.50% PIK) Interest Rate 11.07% Maturity Date 12/22/20282025-12-310001655050bcsf:ThreeMonthTenorTermBenchmarkLoanMemberbcsf:SumitomoCreditFacilityMember2024-05-200001655050bcsf:NonControlledAffiliatedEntityMember2026-03-310001655050bcsf:WalkerEdisonThreeMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2025-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Cardo First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 8.98% Maturity Date 5/12/20282026-03-310001655050Non-controlled/Non-Affiliated Investments Automotive JHCC Holdings, LLC First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 9/9/20272025-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Capital Equipment Goodfellow First Lien Senior Secured Loan - 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First Lien Senior Secured Loan SOFR Spread 4.90% Interest Rate 8.56% Maturity Date 12/19/2027 One2025-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Opus2 First Lien Senior Secured Loan SONIA Spread 5.28% Interest Rate 9.00% Maturity Date 5/5/20282026-03-310001655050Non-controlled/Non-Affiliate Investments High Tech Industries Pricelabs Revenue Inc. 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Acquisition Date 6/16/20252025-01-012025-12-310001655050Investment East BCC Coinvest II, LLC Acquisition Date 7/23/20192026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment AeriTek Global CAD Acquisition Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 6.50% Interest Rate 10.17% Maturity Date 8/27/20302026-03-310001655050bcsf:GoldmanSachsUSTreasuryLiquidReservesFundMember2026-03-310001655050Investment Elevator Holdco Inc. 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First Lien Senior Secured Loan - Revolver Maturity Date 12/20/20272026-03-310001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMemberbcsf:EquitySecuritiesThreeMember2025-12-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries Titan Cloud Software, Inc First Lien Senior Secured Loan SOFR Spread 5.85% Interest Rate 9.52% Maturity Date 9/7/20292026-03-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment AeriTek Global CAD Acquisition Inc. 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First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/6/20282026-03-310001655050country:BE2025-01-012025-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHotel, Gaming & Leisure Pyramid Global Hospitality First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.11% Maturity Date 1/19/20282025-12-310001655050us-gaap:SubordinatedDebtMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Substantial Holdco Limited First Lien Senior Secured Loan - Delayed Draw Spread 8.00% (4.00%PIK) Interest Rate 12.00% Maturity Date 4/20/20302026-03-310001655050bcsf:InterestRateFloorFiveMember2025-01-012025-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Webcentral First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 6.50% Interest Rate 8.62% Maturity Date 12/18/20302025-12-310001655050Interest Rate Swap Hedged Items March 2031 Notes Counterparty BNP Paribas Settlement Date 3/3/20312026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty Goldman Sachs Settlement Date 02/24/20262025-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 1/22/20272026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries NearMap First Lien Senior Secured Loan - Revolver Maturity Date 12/9/20282025-12-310001655050Investment SensorTower Acquisition Date 3/15/20242026-01-012026-03-310001655050bcsf:WealthEnhancementGroupWegMemberbcsf:RevolverCommitmentMember2025-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 5.86% (1.00% PIK) Interest Rate 10.53% Maturity Date 8/16/20272026-03-310001655050bcsf:InvestmentHoldingMemberbcsf:MetalsMiningMember2026-01-012026-03-310001655050High Tech Industries Govineer Solutions (fka Black Mountain) First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 8.67% Maturity Date 10/7/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2025-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 7/16/20262025-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:WSHPCottonwoodBuyerLLCMember2025-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 6/25/20262025-01-012025-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan SOFR Spread 4.00% (1.50% PIK) Interest Rate 9.16% Maturity Date 5/17/20292026-03-310001655050Non-controlled/Non-Affiliated Investments Services: Business Fiduciaire Jean-Marc Faber (FJMF) First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 5.50% Interest Rate 7.58% Maturity Date 4/3/20322026-03-310001655050us-gaap:AerospaceSectorMemberbcsf:InvestmentHoldingMember2026-01-012026-03-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Bridger Aerospace Group Holdings, Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.00% Interest Rate 9.70% Maturity Date 10/28/20302026-03-310001655050bcsf:BeneficiumMemberbcsf:DelayedDrawCommitmentMember2026-03-310001655050bcsf:InternationalSeniorLoanProgramLlcMember2023-09-112023-09-110001655050bcsf:EXTAcquisitionsIncMemberbcsf:DelayedDrawCommitmentMember2026-03-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense GSP Holdings, LLC First Lien Senior Secured Loan SOFR Spread 2.95% (2.95% PIK) Interest Rate 9.57% Maturity Date 11/5/20272025-12-310001655050bcsf:EquityInterestsInInvestmentVehiclesMember2026-01-012026-03-310001655050Forward Foreign Currency Exchange Contracts Counterparty One BNP Paribas Settlement Date 10/30/20262026-01-012026-03-310001655050Services: Consumer Spotless Brands First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.37% Maturity Date 7/25/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-12-310001655050bcsf:GovineerSolutionsMemberbcsf:RevolverCommitmentMember2026-03-310001655050bcsf:SubordinatedNoteInvestmentVehicleMemberbcsf:ControlledAffiliatedEntityMemberbcsf:InternationalSeniorLoanProgramLlcMember2025-12-310001655050Non-controlled/Non-Affiliated Investments Containers, Packaging & Glass Precision Concepts Parent Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 8.42% Maturity Date 8/2/20322026-03-31iso4217:AUDiso4217:EURxbrli:purebcsf:Loanbcsf:Itemiso4217:CADiso4217:NZDxbrli:sharesiso4217:GBPbcsf:Borroweriso4217:USDxbrli:sharesiso4217:USDiso4217:NOK

n

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __ to __

Commission file number: 814-01175

BAIN CAPITAL SPECIALTY FINANCE, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware	81-2878769
(State or Other Jurisdiction of	(I.R.S. Employer
Incorporation or Organization)	Identification No.)

200 Clarendon Street, 37th Floor
Boston, MA	02116
(Address of Principal Executive Office)	(Zip Code)

(617) 516‑2000

(Registrant’s Telephone Number, Including Area Code)

Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report: N/A

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		BCSF		New York Stock Exchange

Indicate 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 ☐

Indicate 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 ☐

Indicate 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.

Large accelerated filer ☒	Accelerated filer ☐
Non-accelerated filer ☐	Smaller reporting company ☐
	Emerging growth company ☐

If 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. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b‑2 of the Exchange Act). Yes ☐ No ☒

As of May 11, 2026, the registrant had 64,868,507 shares of common stock outstanding.

TABLE OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION	3
Item 1.	Consolidated Financial Statements	3
	Consolidated Statements of Assets and Liabilities as of March 31, 2026 (unaudited) and December 31, 2025	3
	Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025 (unaudited)	4
	Consolidated Statements of Changes in Net Assets for the three months ended March 31, 2026 and 2025 (unaudited)	5
	Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (unaudited)	6
	Consolidated Schedules of Investments as of March 31, 2026 (unaudited) and December 31, 2025	7
	Notes to Consolidated Financial Statements (unaudited)	51
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	131
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	150
Item 4.	Controls and Procedures	151
PART II	OTHER INFORMATION
Item 1.	Legal Proceedings	151
Item 1A.	Risk Factors	151
Item 2.	Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities	151
Item 3.	Default Upon Senior Securities	151
Item 4.	Mine Safety Disclosures	151
Item 5.	Other Information	152
Item 6.	Exhibits, Consolidated Financial Statement Schedules	153
Signatures		158

i

FORWARD-LOOKING STATEMENTS

Statements contained in this Quarterly Report on Form 10-Q (the “Quarterly Report”) (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts are based on current expectations, estimates, projections, opinions and/or beliefs of Bain Capital Specialty Finance, Inc. (the “Company”, “we”, “our” and “us”), BCSF Advisors, LP (the “Advisor”) and/or Bain Capital Credit, LP and its affiliated advisers (collectively, “Bain Capital Credit”). Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. Certain information contained in this Quarterly Report constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “seek,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” “target,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the Company may differ materially from those reflected or contemplated in such forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and are difficult to predict, that could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors we identify in the section entitled Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K (the “Annual Report”) for the fiscal year ended December 31, 2025 and in our filings with the Securities and Exchange Commission (the “SEC”).

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, some of those assumptions may be based on the work of third parties and any of those assumptions could prove to be inaccurate; as a result, the forward-looking statements based on those assumptions also could prove to be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this Quarterly Report should not be regarded as a representation by us that our plans and objectives will be achieved. These risks and uncertainties include those described or identified in the section entitled Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date of this Quarterly Report. We do not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law. The safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which preclude civil liability for certain forward-looking statements, do not apply to the forward-looking statements in this Quarterly Report because we are an investment company.

ii

PART I. FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements

Bain Capital Specialty Finance, Inc.

Consolidated Statements of Assets and Liabilities

(in thousands, except share and per share data)

		As of					As of
		March 31, 2026					December 31, 2025
		(Unaudited)
Assets
Investments at fair value:
Non-controlled/non-affiliate investments (amortized cost of $1,925,871 and $1,891,513, respectively)		$		1,916,461			$		1,905,297
Non-controlled/affiliate investments (amortized cost of $7,504 and $7,504, respectively)				19,164					18,674
Controlled affiliate investments (amortized cost of $549,483 and $603,650, respectively)				535,173					584,470
Cash and cash equivalents				12,973					23,092
Foreign cash (cost of $3,026 and $2,477, respectively)				3,622					3,151
Restricted cash and cash equivalents				17,593					32,667
Collateral on derivatives				9,813					10,993
Deferred financing costs				3,285					3,543
Interest receivable on investments				35,091					38,023
Interest rate swap				4,979					7,976
Receivable for sales and paydowns of investments				38,101					28,856
Prepaid insurance				277					489
Unrealized appreciation on forward currency exchange contracts				224					—
Dividend receivable				4,920					5,354
Total Assets		$		2,601,676			$		2,662,585
Liabilities
Debt (net of unamortized debt issuance costs of $17,144 and $10,110, respectively)		$		1,454,657			$		1,470,796
Interest payable				10,910					12,376
Payable for investments purchased				3,527					2,110
Collateral payable on derivatives				4,760					12,907
Unrealized depreciation on forward currency exchange contracts				2,739					9,061
Base management fee payable				9,085					9,408
Incentive fee payable				5,618					5,877
Accounts payable and accrued expenses				16,825					12,910
Distributions payable				—					9,730
Total Liabilities				1,508,121					1,545,175
Commitments and Contingencies (See Note 10)
Net Assets
Common stock, par value $0.001 per share, 100,000,000,000 and 100,000,000,000 shares authorized, 64,868,507 and 64,868,507 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively				65					65
Paid in capital in excess of par value				1,161,110					1,161,110
Total distributable loss				(67,620	)				(43,765	)
Total Net Assets				1,093,555					1,117,410
Total Liabilities and Total Net Assets		$		2,601,676			$		2,662,585
Net asset value per share		$		16.86			$		17.23

See Notes to Consolidated Financial Statements

3

Bain Capital Specialty Finance, Inc.

Consolidated Statements of Operations

(in thousands, except share and per share data)

(Unaudited)

	For the Three Months Ended March 31,
		2026					2025
Income
Investment income from non-controlled/non-affiliate investments:
Interest from investments	$		39,333			$		41,672
Dividend income			619					1,725
PIK income			8,705					6,606
Other income			1,476					2,833
Total investment income from non-controlled/non-affiliate investments			50,133					52,836
Investment income from non-controlled/affiliate investments:
Interest from investments			2					8
PIK income			—					17
Other income			21					42
Total investment income from non-controlled/affiliate investments			23					67
Investment income from controlled affiliate investments:
Interest from investments			10,033					9,148
Dividend income			5,983					4,786
PIK income			2					2
Total investment income from controlled affiliate investments			16,018					13,936
Total investment income			66,174					66,839
Expenses
Interest and debt financing expenses			20,252					18,904
Base management fee			9,085					9,068
Incentive fee			5,618					2,222
Professional fees			700					714
Directors fees			180					174
Other general and administrative expenses			2,069					2,571
Total expenses, net of fee waivers			37,904					33,653
Net investment income before taxes			28,270					33,186
Income tax expense, including excise tax			906					1,076
Net investment income			27,364					32,110
Net realized and unrealized gains (losses)
Net realized gain (loss) on non-controlled/non-affiliate investments			3,820					(20,986	)
Net realized loss on non-controlled/affiliate investments			—					(2,967	)
Net realized loss on controlled affiliate investments			(13,448	)				—
Net realized gain (loss) on foreign currency transactions			66					(249	)
Net realized loss on forward currency exchange contracts			(2,989	)				(2,405	)
Net change in unrealized appreciation on foreign currency translation			(135	)				435
Net change in unrealized appreciation on forward currency exchange contracts			6,546					(2,073	)
Net change in unrealized appreciation on non-controlled/non-affiliate investments			(23,194	)				23,993
Net change in unrealized appreciation on non-controlled/affiliate investments			490					(1,866	)
Net change in unrealized appreciation on controlled affiliate investments			4,870					2,555
Total net loss			(23,974	)				(3,563	)
Net increase in net assets resulting from operations	$		3,390			$		28,547
Basic and diluted net investment income per share of common stock	$		0.42			$		0.50
Basic and diluted increase in net assets resulting from operations per share of common stock	$		0.05			$		0.44
Basic and diluted weighted average common stock outstanding			64,868,507					64,676,192

See Notes to Consolidated Financial Statements

4

Bain Capital Specialty Finance, Inc.

Consolidated Statements of Changes in Net Assets

(in thousands, except share and per share data)

(Unaudited)

	For the Three Months Ended March 31,
		2026					2025
Operations:
Net investment income	$		27,364			$		32,110
Net realized loss			(12,551	)				(26,607	)
Net change in unrealized appreciation			(11,423	)				23,044
Net increase in net assets resulting from operations			3,390					28,547
Stockholder distributions:
Distributions from distributable earnings			(27,245	)				(29,191	)
Net decrease in net assets resulting from stockholder distributions			(27,245	)				(29,191	)
Capital share transactions:
Issuances of common stock (net of offering and underwriting costs)			—					4,552
Shares issued in connection with dividend reinvestment plan			—					924
Net increase in net assets resulting from capital share transactions			—					5,476
Total increase (decrease) in net assets			(23,855	)				4,832
Net assets at beginning of period			1,117,410					1,139,672
Net assets at end of period	$		1,093,555			$		1,144,504
Net asset value per share of common stock	$		16.86			$		17.64
Common stock outstanding at end of period			64,868,507					64,868,507

See Notes to Consolidated Financial Statements

5

Bain Capital Specialty Finance, Inc.

Consolidated Statements of Cash Flows

(in thousands, except share and per share data)

(Unaudited)

		For the Three Months Ended March 31,
			2026					2025
Cash flows from operating activities
Net increase in net assets resulting from operations		$		3,390			$		28,547
Adjustments to reconcile net increase (decrease) in net assets from operations to net cash used in operating activities:
Purchases of investments				(234,383	)				(299,374	)
Proceeds from principal payments and sales of investments				245,867					251,317
Net realized loss from investments				9,628					23,953
Net realized (gain) loss on foreign currency transactions				(66	)				249
Net change in unrealized appreciation on forward currency exchange contracts				(6,546	)				2,073
Net change in unrealized appreciation on investments				17,834					(24,682	)
Net change in unrealized appreciation on foreign currency translation				135					(435	)
Increase in investments due to PIK				(7,385	)				(5,415	)
Accretion of discounts and amortization of premiums				(1,746	)				(1,554	)
Amortization of deferred financing costs and debt issuance costs				1,538					1,149
Changes in operating assets and liabilities:
Collateral on derivatives				1,180					6,855
Interest receivable on investments				2,932					8,103
Interest rate swap				(108	)				(78	)
Prepaid insurance				212					197
Dividend receivable				434					(338	)
Interest payable				(1,466	)				(2,250	)
Collateral payable on derivatives				(8,147	)				6,000
Base management fee payable				(323	)				(92	)
Incentive fee payable				(259	)				(2,474	)
Accounts payable and accrued expenses				3,915					980
Net cash provided by (used in) operating activities				26,636					(7,269	)
Cash flows from financing activities
Borrowings on debt				643,000					459,000
Repayments on debt				(649,000	)				(395,699	)
Payments of financing costs				(8,314	)				(8,551	)
Proceeds from issuances of common stock (net of offering and underwriting costs)				—					4,552
Purchase of common shares issued in connection with dividend reinvestment plan				—					924
Stockholder distributions paid				(36,975	)				(58,244	)
Net cash provided by (used in) financing activities				(51,289	)				1,982
Net decrease in cash, foreign cash, restricted cash and cash equivalents				(24,653	)				(5,287	)
Effect of foreign currency exchange rates				(69	)				186
Cash, foreign cash, restricted cash and cash equivalents, beginning of period				58,910					99,066
Cash, foreign cash, restricted cash and cash equivalents, end of period		$		34,188			$		93,965
Supplemental disclosure of cash flow information:
Cash interest paid during the period		$		20,180			$		20,005
Cash paid for excise taxes during the period		$		—			$		3,337

		As of March 31,
			2026					2025
Cash		$		12,973			$		10,168
Restricted cash				17,593					55,609
Foreign cash				3,622					28,188
Total cash, foreign cash, restricted cash, and cash equivalents shown in the consolidated statements of cash flows		$		34,188			$		93,965

See Notes to Consolidated Financial Statements

6

Bain Capital Specialty Finance, Inc.

Consolidated Schedule of Investments

As of March 31, 2026

(In thousands)

(Unaudited)

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Aerospace & Defense
ATS (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.75%			9.42	%		7/12/2029		$		4,925				4,882				4,925
ATS (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/12/2029		$		—				—				—
Bridger Aerospace Group Holdings, Inc. (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		6.00%			9.70	%		10/28/2030		$		286				273				258
Bridger Aerospace Group Holdings, Inc. (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		6.00%			9.68	%		10/28/2030		$		235				227				226
Bridger Aerospace Group Holdings, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		6.00%			9.67	%		10/28/2030		$		5,086				5,039				5,036
BTX Precision (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.67	%		7/25/2030		$		7,588				7,537				7,588
BTX Precision (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.68	%		7/25/2030		$		1,263				1,237				1,263
BTX Precision (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.67	%		7/25/2030		$		5,930				5,886				5,930
BTX Precision (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.68	%		7/25/2030		$		5,913				5,862				5,913
BTX Precision (15)(19)(29)		First Lien Senior Secured Loan		SOFR		4.75%			8.42	%		7/25/2030		$		1,435				1,426				1,435
BTX Precision (14)(19)(25)		Equity Interest		—		—		—				—				—				98				225
Forward Slope (15)(19)		First Lien Senior Secured Loan		SOFR		5.60%			9.30	%		8/22/2029		$		6,061				5,962				6,061
Forward Slope (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.60%			9.30	%		8/22/2029		$		13,215				13,000				13,215
Forward Slope (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.60%			9.28	%		8/22/2029		$		4,527				4,401				4,527
Forward Slope (15)(19)		First Lien Senior Secured Loan		SOFR		5.60%			9.30	%		8/22/2029		$		5,547				5,493				5,547
Forward Slope (14)(19)(25)		Equity Interest		—		—		—				—				930				930				1,568
GSP Holdings, LLC (15)(19)(26)		First Lien Senior Secured Loan - Revolver		SOFR		2.95% (2.95% PIK)			9.57	%		11/5/2027		$		4,751				4,769				4,514
GSP Holdings, LLC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		2.95% (2.95% PIK)			9.60	%		11/5/2027		$		1,164				1,157				1,106
GSP Holdings, LLC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		2.95% (2.95% PIK)			9.60	%		11/6/2026		$		10,013				10,106				9,513
GSP Holdings, LLC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		2.95% (2.95% PIK)			9.57	%		11/6/2026		$		77				77				77
Heads Up Technologies, Inc. (16)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.95	%		7/23/2030		$		203				202				203
Heads Up Technologies, Inc. (16)(19)		Second Lien Senior Secured Loan		SOFR		8.25%			11.95	%		7/23/2031		$		9,720				9,676				9,720
Heads Up Technologies, Inc. (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/23/2030		$		—				(8	)			—
Mach Acquisition R/C (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		7.15%			10.82	%		4/19/2027		$		7,532				7,510				7,532
Mach Acquisition T/L (15)(19)(29)		First Lien Senior Secured Loan		SOFR		7.15%			10.82	%		4/19/2027		$		13,236				13,206				13,236
Precision Ultimate Holdings, LLC (14)(19)(25)		Equity Interest		—		—		—				—				1,417				1,417				480
Precision Ultimate Holdings, LLC (14)(19)(25)		Equity Interest		—		—		—				—				620				781				1,253
Robinson Helicopter (14)(19)(25)		Equity Interest		—		—		—				—				1,592				507				2,551
Saturn Purchaser Corp. (15)(19)(29)		First Lien Senior Secured Loan		SOFR		4.85%			8.52	%		7/22/2030		$		13,281				13,205				13,281
Saturn Purchaser Corp. (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/22/2030		$		—				(51	)			—
Solairus (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				7/22/2030		$		—				(14	)			—
Whitcraft-Paradigm (3)(15)(19)(23)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.70	%		2/28/2029		$		424				414				424
Whitcraft-Paradigm (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.70	%		2/15/2029		$		10,132				10,080				10,132
Whitcraft-Paradigm (3)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				2/15/2029		$		—				—				—

7

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Aerospace & Defense
Whitcraft-Paradigm (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.70	%		2/15/2029		$		2,291				2,291				2,291
Whitcraft-Paradigm (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.70	%		2/15/2029		$		2,654				2,634				2,654
Aerospace & Defense Total																			$	140,212			$	142,684				13.0	%
Automotive
American Trailer Rental Group (19)(26)		Subordinated Debt		—		14.25% PIK			14.25	%		12/1/2028		$		6,066				6,043				5,156
American Trailer Rental Group (19)(26)		Subordinated Debt		—		14.25% PIK			14.25	%		12/1/2028		$		18,716				18,607				15,908
American Trailer Rental Group (19)(26)		Subordinated Debt		—		14.25% PIK			14.25	%		12/1/2028		$		23,372				23,340				19,866
Cardo (6)(18)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.98	%		5/12/2028		$		98				97				98
Chilton (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.16	%		2/5/2031		$		6,435				6,398				6,371
Chilton (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				2/5/2031		$		—				(20	)			(101	)
Chilton (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.50%			9.14	%		2/5/2031		$		1,835				1,812				1,797
Gills Point S (14)(19)(25)		Preferred Equity		—		—		—				—				—				20				39
Gills Point S (15)(19)(26)		First Lien Senior Secured Loan		SOFR		4.00% (1.50% PIK)			9.16	%		5/17/2029		$		12,388				12,388				12,079
Gills Point S (15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.00% (1.50% PIK)			9.16	%		5/17/2029		$		1,235				1,223				1,204
Gills Point S (15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.00% (1.50% PIK)			9.16	%		5/17/2029		$		7,296				7,296				7,114
Gills Point S (15)(19)(26)		First Lien Senior Secured Loan		SOFR		4.00% (1.50% PIK)			9.16	%		5/17/2029		$		3,670				3,651				3,578
Gills Point S (14)(19)(25)		Equity Interest		—		—		—				—				2				215				82
Gills Point S (15)(19)(26)		First Lien Senior Secured Loan - Revolver		SOFR		4.00% (1.50% PIK)			9.16	%		5/17/2029		$		4,834				4,812				4,713
Gills Point S (15)(19)(26)		First Lien Senior Secured Loan		SOFR		4.00% (1.50% PIK)			9.16	%		5/17/2029		$		3,994				3,968				3,895
Intoxalock (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.10%			8.77	%		11/1/2028		$		11,852				11,795				11,852
Intoxalock (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.15%			8.86	%		11/1/2028		$		1,029				1,014				1,029
Automotive Total																			$	102,659			$	94,680				8.7	%
Beverage, Food & Tobacco
AgroFresh Solutions (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.60%			9.27	%		4/2/2029		$		1,866				1,814				1,816
AgroFresh Solutions (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.60%			9.27	%		3/31/2030		$		6,841				6,751				6,772
AgroFresh Solutions (15)(19)		First Lien Senior Secured Loan		SOFR		5.60%			9.27	%		3/31/2030		$		6,074				5,957				6,013
Arctic Glacier U.S.A., Inc. (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				5/24/2028		$		—				12				12
BCC CPK investments 1, LLC (14)(19)(25)		Equity Interest		—		—		—				—				370				370				370
BCC Trillium Foods Investments 1, LLC (14)(19)(25)		Equity Interest		—		—		—				—				3				2,531				3,548
BCSF Project Aberdeen, LLC (14)(19)(25)		Equity Interest		—		—		—				—				2,217				2,217				2,180
CPK IPCO Buyer LLC (19)		Subordinated Debt		—		12.00%			12.00	%		12/22/2031		$		610				601				601
Hellers (6)(19)(26)		Subordinated Debt		—		15.00% PIK			15.00	%		3/27/2031		NZ$		549				336				310
Hellers (2)(3)(5)(6)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				9/27/2030		NZ$		—				(12	)			(2	)
Hellers (6)(18)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		BBSY		4.00% (1.50% PIK)			9.86	%		9/27/2030		AUD		51				35				34
Hellers (6)(15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		BKBM		4.00% (1.50% PIK)			8.09	%		9/27/2030		NZ$		47				28				26
INW Manufacturing, LLC (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.75%			9.42	%		1/23/2031		$		27,097				26,841				26,826
PPX (14)(19)(25)		Preferred Equity		—		—		—				—				33				—				—
PPX (14)(19)(25)		Preferred Equity		—		—		—				—				33				5,000				3,250

8

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Beverage, Food & Tobacco
SauceCo HoldCo, LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.75%			9.42	%		5/13/2030		$		5,036				5,002				5,036
SauceCo HoldCo, LLC (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.75%			9.45	%		5/13/2030		$		71,180				69,097				71,180
Spindrift (19)(26)		Subordinated Debt		—		13.75% PIK			13.75	%		2/19/2033		$		1,627				1,589				1,627
Spindrift (14)(19)(25)		Equity Interest		—		—		—				—				1				500				547
Beverage, Food & Tobacco Total																				128,669				130,146				11.9	%
Capital Equipment
AeriTek Global CAD Acquisition Inc. (6)(15)(19)		First Lien Senior Secured Loan		SOFR		6.50%			10.17	%		8/27/2030		$		473				467				466
AeriTek Global CAD Acquisition Inc. (3)(6)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		6.50%			10.17	%		8/27/2030		$		10				9				9
AXH Air Coolers (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.20	%		10/31/2029		$		7,400				7,352				7,400
AXH Air Coolers (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/31/2029		$		—				(33	)			—
AXH Air Coolers (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.20	%		10/31/2029		$		3,291				3,272				3,291
AXH Air Coolers (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.50%			9.20	%		10/31/2029		$		4,864				4,840				4,864
AXH Air Coolers (14)(19)(25)		Preferred Equity		—		—		—				—				3,417				1,104				12,014
East BCC Coinvest II, LLC (14)(19)(25)		Equity Interest		—		—		—				—				1,419				1,229				—
Engineered Products Co., LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		4.75%			8.38	%		8/12/2031		$		154				148				154
Ergotron Acquisition LLC (16)(19)(29)		First Lien Senior Secured Loan		SOFR		5.25%			8.92	%		7/6/2028		$		10,841				10,744				10,841
EXT Acquisitions, Inc. (2)(3)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				12/19/2031		$		—				—				(4	)
EXT Acquisitions, Inc. (3)(15)(19)		First Lien Senior Secured Loan - Revolver		P		4.25%			11.00	%		12/19/2031		$		185				183				183
FCG Acquisitions, Inc. (14)(19)(25)		Preferred Equity		—		—		—				—				4				—				—
Goodfellow (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		5.25%			7.38	%		2/10/2032		€		50				51				57
Goodfellow (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		5.25%			7.38	%		2/10/2032		€		50				51				57
Goodfellow (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		5.25%			8.98	%		2/10/2032		£		50				64				65
Goodfellow (6)(15)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.95	%		2/10/2032		$		50				50				50
PPT Group (6)(18)(19)		First Lien Senior Secured Loan		SONIA		5.50%			9.24	%		2/28/2031		£		6,120				7,648				7,972
PPT Group (3)(6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		5.50%			9.24	%		2/28/2031		£		220				287				232
PPT Group (3)(6)(18)(19)		First Lien Senior Secured Loan - Revolver		SONIA		5.50%			9.24	%		2/28/2031		£		220				275				262
PPT Group (6)(14)(19)(25)		Equity Interest		—		—		—				—				376				376				312
Capital Equipment Total																			$	38,117			$	48,225				4.4	%
Chemicals, Plastics & Rubber
AP Plastics Group, LLC (16)(19)(29)		First Lien Senior Secured Loan		SOFR		4.85%			8.52	%		8/10/2030		$		13,548				13,369				13,548
AP Plastics Group, LLC (16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.85%			8.52	%		8/10/2030		$		175				175				175
AP Plastics Group, LLC (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				8/10/2030		$		—				(3	)			—
Duraco (19)(29)(32)		First Lien Senior Secured Loan		SOFR		6.50%			10.16	%		6/6/2029		$		7,305				7,223				6,940
Duraco (3)(19)(32)		First Lien Senior Secured Loan - Revolver		SOFR		6.50%			10.21	%		6/6/2029		$		796				774				697
Plaskolite PPC Intermediate II LLC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		4.00% (4.00% PIK)			11.64	%		5/9/2030		$		7,257				7,134				7,112

9

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Chemicals, Plastics & Rubber
Plaskolite PPC Intermediate II LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		7.00%			10.64	%		2/7/2030		$		163				152				149
V Global Holdings LLC (16)(19)(26)		First Lien Senior Secured Loan		SOFR		2.20% (3.70% PIK)			9.55	%		12/22/2027		$		15,706				15,419				14,842
V Global Holdings LLC (3)(16)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.85%			9.53	%		12/22/2027		$		3,552				3,552				3,018
V Global Holdings LLC (16)(19)(26)		First Lien Senior Secured Loan		EURIBOR		2.05% (3.70% PIK)			7.73	%		12/22/2027		€		96				101				104
Chemicals, Plastics & Rubber Total																			$	47,896			$	46,585				4.3	%
Construction & Building
AGS American Glass Services Acquisition, LLC (15)(19)		First Lien Senior Secured Loan		SOFR		5.50%			9.17	%		7/24/2031		$		159				158				158
AGS American Glass Services Acquisition, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				7/24/2031		$		—				(1	)			(5	)
AGS American Glass Services Acquisition, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/24/2031		$		—				(2	)			(2	)
AGS American Services Investments, L.P. (14)(19)(25)		Equity Interest		—		—		—				—				3				338				333
BCSF ServiceMaster Investments, LLC (14)(19)(25)		Preferred Equity		—		—		—				—				—				28				—
Chase Industries, Inc. (15)(19)(26)		First Lien Senior Secured Loan		SOFR		5.65% (1.50% PIK)			10.82	%		11/11/2027		$		27,464				27,143				27,189
Chase Industries, Inc. (15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.65% (1.50% PIK)			10.82	%		11/11/2027		$		2,691				2,654				2,665
Chase Industries, Inc. (3)(15)(19)(26)		First Lien Senior Secured Loan - Revolver		SOFR		5.65% (1.50% PIK)			10.85	%		11/11/2027		$		630				628				612
Elk (14)(19)(25)		Equity Interest		—		—		—				—				1				7				719
Elk (14)(19)(25)		Preferred Equity		—		—		—				—				72				722				1,198
G702 Buyer, Inc. (16)(19)		First Lien Senior Secured Loan		SOFR		4.75%			8.45	%		7/2/2031		$		158				156				158
G702 Buyer, Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/2/2031		$		—				(10	)			(4	)
Service Master (18)(19)(26)		First Lien Senior Secured Loan		SOFR		6.01% (1.00% PIK)			10.66	%		8/16/2027		$		929				924				929
Service Master (3)(18)(19)		First Lien Senior Secured Loan - Revolver		SOFR		7.01%			10.71	%		8/16/2027		$		15,622				15,620				15,622
Service Master (15)(19)(26)		First Lien Senior Secured Loan		SOFR		5.86% (1.00% PIK)			10.54	%		8/16/2027		$		1,585				1,579				1,585
Service Master (15)(19)(26)		First Lien Senior Secured Loan		SOFR		5.86% (1.00% PIK)			10.54	%		8/16/2027		$		7,668				7,634				7,668
Service Master (15)(19)(26)		First Lien Senior Secured Loan		SOFR		6.01% (1.00% PIK)			10.65	%		12/31/2029		$		3,918				3,918				3,918
Service Master (15)(19)(26)		First Lien Senior Secured Loan		SOFR		6.01% (1.00% PIK)			10.65	%		12/31/2029		$		130				130				130
Service Master (18)(19)(26)		First Lien Senior Secured Loan		SOFR		5.86% (1.00% PIK)			10.53	%		8/16/2027		$		3,173				3,173				3,173
Service Master (14)(19)(25)		Preferred Equity		—		—		—				—				—				169				—
Service Master (14)(19)(25)		Equity Interest		—		—		—				—				—				—				—
TL Sapphire Parent, Inc. (3)(16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.67	%		1/22/2033		$		663				660				660
TL Sapphire Parent, Inc. (3)(16)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.67	%		1/22/2033		$		154				146				146
TL Sapphire Parent, Inc. (16)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.67	%		1/22/2033		$		5,000				4,978				4,975
Zeus Fire & Security (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.67	%		12/11/2030		$		8,740				8,740				8,740
Zeus Fire & Security (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.65	%		12/11/2030		$		4,828				4,799				4,828
Zeus Fire & Security (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.68	%		12/11/2030		$		1,053				1,038				1,053
Construction & Building Total																			$	85,329			$	86,448				7.9	%

10

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Consumer Goods: Durable
New Milani Group LLC (15)(19)		First Lien Senior Secured Loan		SOFR		4.75%			8.45	%		6/26/2031		$		832				825				832
New Milani Group LLC (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				6/26/2031		$		—				(2	)			—
New Milani Group LLC (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				6/26/2031		$		—				(11	)			—
Stanton Carpet (15)(19)		Second Lien Senior Secured Loan		SOFR		9.15%			12.80	%		3/31/2028		$		11,434				11,330				11,434
Tangent Technologies Acquisition, LLC (15)(19)		Second Lien Senior Secured Loan		SOFR		8.90%			12.56	%		5/30/2028		$		8,915				8,840				8,915
TLC Holdco LP (14)(19)(25)		Equity Interest		—		—		—				—				1,281				1,221				523
TLC Purchaser, Inc. (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.76%			9.41	%		10/11/2027		$		3,808				3,816				3,475
TLC Purchaser, Inc. (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.76%			9.44	%		10/11/2027		$		13,008				12,925				12,552
TLC Purchaser, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		5.76%			9.46	%		10/11/2027		$		1,948				1,936				1,880
Consumer Goods: Durable Total																			$	40,880			$	39,611				3.6	%
Consumer Goods: Non-Durable
Evriholder (19)(29)(32)		First Lien Senior Secured Loan		SOFR		6.90%			10.60	%		1/24/2028		$		5,819				5,792				5,761
Fineline Technologies, Inc. (14)(19)(25)		Equity Interest		—		—		—				—				939				939				1,288
Hempz (15)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.95	%		10/25/2029		$		220				218				217
Hempz (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/25/2029		$		—				(11	)			(27	)
RoC Skincare (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.25%			8.91	%		2/21/2031		$		9,800				9,694				9,800
RoC Skincare (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				2/21/2030		$		—				(20	)			—
Solaray, LLC (3)(18)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.60%			9.27	%		3/27/2029		$		12,052				12,033				12,052
Solaray, LLC (15)(19)		First Lien Senior Secured Loan		SOFR		6.85%			10.52	%		3/27/2029		$		28,283				28,283				25,737
Solaray, LLC (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		6.85%			10.52	%		3/27/2029		$		13,026				13,011				11,853
SRP Parent Inc. (14)(19)(25)		Preferred Equity		—		—		—				—				—				—				—
SRP Parent Inc. (14)(19)(25)		Preferred Equity		—		—		—				—				—				—				—
SRP Parent Inc. (14)(19)(25)		Preferred Equity		—		—		—				—				—				—				—
Summer Fridays, LLC (15)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.95	%		5/16/2031		$		482				475				477
Summer Fridays, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				5/16/2031		$		—				(11	)			(9	)
WU Holdco, Inc. (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				4/15/2032		$		—				(12	)			—
WU Holdco, Inc. (3)(18)(19)		First Lien Senior Secured Loan - Revolver		SOFR		4.75%			8.45	%		4/15/2032		$		757				741				757
Consumer Goods: Non-Durable Total																			$	71,132			$	67,906				6.2	%
Containers, Packaging & Glass
ASP-r-pac Acquisition Co LLC (16)(19)(29)		First Lien Senior Secured Loan		SOFR		6.26%			9.93	%		12/29/2027		$		5,710				5,642				5,710
ASP-r-pac Acquisition Co LLC (3)(16)(19)		First Lien Senior Secured Loan - Revolver		SOFR		6.11%			9.78	%		12/29/2027		$		3,273				3,247				3,273
Precision Concepts Parent Inc. (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		4.75%			8.42	%		8/2/2032		$		82				79				78
Precision Concepts Parent Inc. (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.75%			8.42	%		8/2/2032		$		715				712				708
Containers, Packaging & Glass Total																			$	9,680			$	9,769				0.9	%
Environmental Industries
BCC HGS Investments 1, LLC (14)(19)(25)		Equity Interest		—		—		—				—				8				1,241				1,241
FC DOLMANS B.V. (2)(3)(5)(6)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				3/4/2033		€		—				(6	)			(6	)
FC DOLMANS B.V. (6)(15)(19)		First Lien Senior Secured Loan		EURIBOR		5.25%			7.38	%		3/4/2033		€		2,437				2,807				2,780
Humic Acquisition Holdings, LLC (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.75%			9.42	%		10/21/2031		$		7,278				7,273				7,242
Humic Acquisition Holdings, LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.75%			9.42	%		10/21/2031		$		2,703				2,684				2,683
Humic Acquisition Holdings, LLC (15)(19)		First Lien Senior Secured Loan		SOFR		5.75%			9.42	%		10/21/2031		$		14,482				14,421				14,410
Meteor UK Bidco Limited (6)(18)(19)		First Lien Senior Secured Loan		SONIA		5.00%			8.73	%		5/14/2032		£		8,104				10,796				10,689

11

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Environmental Industries
Meteor UK Bidco Limited (6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		5.00%			8.73	%		5/14/2032		£		4,858				6,460				6,408
Meteor UK Bidco Limited (3)(6)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				11/14/2031		£		—				—				—
Reconomy (6)(18)(19)		First Lien Senior Secured Loan		SONIA		6.50%			10.23	%		7/12/2029		£		68				83				89
Reconomy (3)(6)(18)(19)(34)		First Lien Senior Secured Loan - Delayed Draw		SOFR		6.50%			10.20	%		7/12/2029		£		5,018				6,602				6,624
Reconomy (6)(18)(19)		First Lien Senior Secured Loan		EURIBOR		6.25%			8.38	%		7/12/2029		€		27				28				31
Titan Cloud Software, Inc (18)(19)		First Lien Senior Secured Loan		SOFR		5.85%			9.52	%		9/7/2029		$		27,580				27,461				27,580
Titan Cloud Software, Inc (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.85%			9.53	%		9/7/2029		$		12,264				12,217				12,264
Titan Cloud Software, Inc (3)(18)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.85%			9.52	%		9/7/2028		$		3,424				3,401				3,424
Titan Cloud Software, Inc (14)(19)(25)		Equity Interest		—		—		—				—				3,532				3,532				3,549
Environmental Industries Total																			$	99,000			$	99,008				9.1	%
FIRE: Finance
Allworth Financial Group, L.P. (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.75%			8.42	%		12/23/2027		$		845				841				845
Allworth Financial Group, L.P. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/23/2027		$		—				(3	)			(3	)
Allworth Financial Group, L.P. (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.75%			8.42	%		12/23/2027		$		5,787				5,764				5,787
Allworth Financial Group, L.P. (15)(19)(29)		First Lien Senior Secured Loan		SOFR		4.75%			8.42	%		12/23/2027		$		1,455				1,449				1,455
Avalon Bidco Limited (6)(15)(19)		First Lien Senior Secured Loan		SONIA		6.25%			9.99	%		4/16/2032		£		50				65				65
Avalon Bidco Limited (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		6.25%			9.99	%		4/16/2032		£		4,127				5,432				5,376
Choreo (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.70	%		2/18/2028		$		2,908				2,908				2,908
Congress Wealth (14)(19)(25)		Equity Interest		—		—		—				—				16				—				19
Daintree Bidco Pty Ltd ACN 686 668 619 (6)(18)(19)		First Lien Senior Secured Loan		BBSY		5.00%			9.04	%		11/25/2032		AUD		1,113				709				751
Endurance Holdco Limited (6)(19)(25)(26)		Preferred Equity		—		12.50% PIK			12.50	%		—				3,144				4,066				4,063
Insigneo Financial Group LLC (19)(26)		First Lien Senior Secured Loan		—		10.00% PIK			10.00	%		8/1/2027		$		1,968				1,981				1,968
Insigneo Financial Group LLC (15)(19)		First Lien Senior Secured Loan		SOFR		6.60%			10.30	%		8/1/2028		$		267				263				267
Insigneo Financial Group LLC (14)(19)(25)		Equity Interest		—		—		—				—				534				535				3,447
LEP SAL Co-Invest, L.P. (6)(14)(19)(25)		Equity Interest		—		—		—				—				1,000				1,317				1,319
Monarch Finco, LLC (3)(17)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.25%			7.92	%		10/29/2032		$		18				18				17
Monarch Finco, LLC (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/29/2032		$		—				—				—
Monarch Finco, LLC (17)(19)		First Lien Senior Secured Loan		SOFR		4.25%			7.92	%		10/29/2032		$		156				156				154
Parmenion (6)(18)(19)		First Lien Senior Secured Loan		SONIA		5.50%			9.31	%		5/23/2029		£		295				370				389
PMA (16)(19)		First Lien Senior Secured Loan		SOFR		4.75%			8.45	%		1/31/2031		$		58				57				57
PMA (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				1/31/2031		$		—				(15	)			—
Sikich (14)(19)(25)		Warrants		—		—		—				—				5				—				570
Sikich (14)(19)(25)		Warrants		—		—		—				—				2				—				163
Sikich (19)(25)(26)		Preferred Equity		—		13.00% PIK			13.00	%		—				38				3,765				3,765
TA/Weg Holdings (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.25%			7.94	%		10/2/2028		$		2,295				2,292				2,292
TA/Weg Holdings (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.25%			7.94	%		10/2/2028		$		9,089				9,089				9,089
Wealth Enhancement Group (WEG) (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/2/2028		$		—				(9	)			—
Wealth Enhancement Group (WEG) (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.25%			7.94	%		10/4/2028		$		9,453				9,429				9,453
FIRE: Finance Total																			$	50,479			$	54,216				5.0	%

12

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
FIRE: Insurance
Comet BidCo Limited (3)(6)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				1/30/2032		$		—				—				—
Comet BidCo Limited (2)(3)(5)(6)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				1/30/2032		$		—				(2	)			(2	)
Comet BidCo Limited (6)(15)(19)		First Lien Senior Secured Loan		SOFR		5.00%			8.67	%		1/30/2032		$		757				754				753
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan		SOFR		4.90%			8.56	%		12/19/2027		$		900				893				900
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.90%			8.56	%		12/19/2027		$		412				409				412
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan		SOFR		4.90%			8.56	%		12/19/2027		$		95				94				95
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan		SOFR		4.90%			8.56	%		12/19/2027		$		248				246				248
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.90%			8.56	%		12/19/2027		$		262				260				262
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.90%			8.56	%		12/19/2027		$		6,971				6,972				6,971
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.90%			8.56	%		12/19/2027		$		7				7				7
McLarens Acquisition Inc. (3)(16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.90%			8.59	%		12/19/2027		$		3,892				3,879				3,892
McLarens Acquisition Inc. (3)(6)(16)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		4.87%			8.61	%		12/19/2027		£		948				1,248				1,251
McLarens Acquisition Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/19/2027		$		—				(1	)			(1	)
McLarens Acquisition Inc. (3)(5)(6)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/20/2027		£		—				(2	)			—
McLarens Acquisition Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/19/2027		$		—				(6	)			(6	)
MRHT (2)(3)(5)(6)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				11/10/2031		€		—				(13	)			(16	)
MRHT (3)(6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		5.00%			7.15	%		5/17/2032		€		2,558				2,981				2,894
Simplicity (16)(19)(29)		First Lien Senior Secured Loan		SOFR		4.75%			8.45	%		12/31/2031		$		10,148				10,063				10,148
Simplicity (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/31/2031		$		—				(36	)			—
Simplicity (3)(16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.75%			8.45	%		12/31/2031		$		7,296				7,260				7,296
FIRE: Insurance Total																			$	35,006			$	35,104				3.2	%
FIRE: Real Estate
Lagerbox (6)(15)(19)		First Lien Senior Secured Loan		EURIBOR		3.50%			5.51	%		12/20/2028		€		750				779				864
FIRE: Real Estate Total																			$	779			$	864				0.1	%
Healthcare & Pharmaceuticals
Accident Care Alliance Holdco LLC (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.67	%		8/20/2030		$		607				605				607
Accident Care Alliance Holdco LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.68	%		8/20/2030		$		569				559				569
AEG Vision (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.90%			9.60	%		3/27/2027		$		2,033				2,021				2,033
AEG Vision (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.90%			9.57	%		3/27/2027		$		16,146				16,110				16,146
AEG Vision (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.90%			9.60	%		3/27/2027		$		17,609				17,570				17,609
AEG Vision (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.90%			9.60	%		3/27/2027		$		41,580				41,310				41,580
Alldent Holding GmbH (2)(3)(6)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				11/15/2032		€		—				—				(5	)
Alldent Holding GmbH (6)(18)(19)		First Lien Senior Secured Loan		EURIBOR		5.50%			7.62	%		11/15/2032		€		1,600				1,837				1,825
AOM Infusion (3)(16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.69	%		3/19/2032		$		341				336				341
AOM Infusion (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				3/19/2032		$		—				(3	)			—
Apollo Intelligence (16)(19)		First Lien Senior Secured Loan		SOFR		5.75%			9.43	%		5/31/2028		$		14,885				15,360				14,736
Apollo Intelligence (3)(16)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.75%			9.43	%		5/31/2028		$		6,785				6,759				6,685
Apollo Intelligence (14)(19)(25)		Equity Interest		—		—		—				—				34				3,378				2,651
Athena Parent Holdings, L.P. (14)(19)(25)		Preferred Equity		—		—		—				—				4				403				409
Beacon Specialized Living (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.20	%		3/25/2028		$		4,913				4,876				4,913

13

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Healthcare & Pharmaceuticals
Beacon Specialized Living (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.50%			9.20	%		3/25/2028		$		4,822				4,732				4,822
Beacon Specialized Living (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				3/25/2028		$		—				—				—
Caregiver (19)(26)		Subordinated Debt		—		16.50% PIK			16.50	%		1/1/2030		$		10,252				10,166				10,124
CB Titan Holdings, Inc. (14)(19)(25)		Preferred Equity		—		—		—				—				1,953				1,953				—
CRH Healthcare Purchaser, Inc. (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.25%			8.95	%		9/17/2031		$		7,318				7,286				7,318
CRH Healthcare Purchaser, Inc. (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				9/17/2031		$		—				(4	)			—
CRH Healthcare Purchaser, Inc. (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				9/17/2031		$		—				(4	)			—
EHE Health (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.20	%		8/7/2030		$		10,733				10,651				10,625
EHE Health (2)(3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				8/7/2030		$		—				—				(34	)
EHE Health (14)(19)(25)		Equity Interest		—		—		—				—				2,178				2,178				1,958
Great Expressions Dental Center PC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		1.15% (3.00% PIK)			7.82	%		9/30/2026		$		9,997				10,019				8,897
HealthDrive (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				8/20/2029		$		—				(13	)			—
HealthDrive (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.67	%		8/20/2029		$		643				643				643
HealthDrive (14)(19)(25)		Preferred Equity		—		—		—				—				18				1,822				2,401
Lightspeed Buyer, Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				2/6/2032		$		—				(21	)			(22	)
Lightspeed Buyer, Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				2/6/2032		$		—				(14	)			(15	)
Lightspeed Buyer, Inc. (16)(19)(29)		First Lien Senior Secured Loan		SOFR		4.75%			8.45	%		2/6/2032		$		16,815				16,695				16,689
Mertus 522. GmbH (6)(18)(19)(26)		First Lien Senior Secured Loan		EURIBOR		4.00% (3.00% PIK)			9.12	%		5/28/2028		€		232				260				257
Mertus 522. GmbH (6)(18)(19)(26)		First Lien Senior Secured Loan		EURIBOR		4.00% (3.00% PIK)			9.50	%		5/28/2028		€		137				151				151
Nafinco (6)(15)(19)		First Lien Senior Secured Loan		EURIBOR		5.25%			7.37	%		8/29/2031		€		52				56				59
Nafinco (3)(6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		5.25%			7.37	%		8/29/2031		€		1,465				1,514				1,664
Nafinco (3)(6)(15)(19)		First Lien Senior Secured Loan - Revolver		EURIBOR		5.25%			7.37	%		5/30/2031		€		107				109				118
Odyssey Behavioral Health (15)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.91	%		5/21/2031		$		1,603				1,587				1,603
Odyssey Behavioral Health (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				11/21/2030		$		—				(70	)			—
Odyssey Behavioral Health (14)(19)(25)		Equity Interest		—		—		—				—				22				2,234				2,412
Pharmacy Partners (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				2/28/2029		$		—				(40	)			—
Premier Imaging, LLC (15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.19% (2.07% PIK)			9.96	%		10/31/2027		$		2,071				2,058				1,698
Premier Imaging, LLC (15)(19)(26)(29)		First Lien Senior Secured Loan		SOFR		4.19% (2.07% PIK)			9.96	%		10/31/2027		$		7,715				7,670				6,326
Psychiatric Medical Care LLC (16)(19)		First Lien Senior Secured Loan		SOFR		4.75%			8.41	%		7/1/2032		$		176				174				174
Psychiatric Medical Care LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/1/2032		$		—				(22	)			(25	)
QPE Alpha 4 Pty Ltd ACN 664 132 530 (2)(3)(5)(6)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				2/5/2032		AUD		—				(3	)			(3	)
QPE Alpha 4 Pty Ltd ACN 664 132 530 (6)(18)(19)		First Lien Senior Secured Loan		BBSY		5.00%			9.01	%		2/5/2032		AUD		1,612				1,109				1,083
Red Nucleus (3)(16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.25%			8.66	%		10/17/2031		$		1,178				1,158				1,178
Red Nucleus (3)(16)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.25%			9.06	%		10/17/2031		$		596				570				596
RedMed Operations (Collage Rehabilitation) (15)(19)		First Lien Senior Secured Loan		SOFR		5.00%			8.67	%		2/28/2031		$		359				357				359
RedMed Operations (Collage Rehabilitation) (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				2/28/2031		$		—				(5	)			—
RedMed Operations (Collage Rehabilitation) (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.68	%		2/28/2031		$		210				201				210
SunMed Group Holdings, LLC (16)(19)(29)		First Lien Senior Secured Loan		SOFR		5.60%			9.27	%		6/16/2028		$		8,408				8,353				8,408
Sunmed Group Holdings, LLC (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				6/16/2027		$		—				—				—
USME Holdco LLC (19)(26)		Subordinated Debt		—		17.00% PIK			17.00	%		5/26/2031		$		5,694				5,648				5,648
Vatica Health, Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/31/2032		$		—				(9	)			(9	)
WSHP Cottonwood Buyer, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				12/18/2032		$		—				(7	)			(20	)
WSHP Cottonwood Buyer, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/18/2032		$		—				(14	)			(15	)
WSHP Cottonwood Buyer, LLC (15)(19)		First Lien Senior Secured Loan		SOFR		5.00%			8.70	%		12/18/2032		$		5,851				5,824				5,822
Healthcare & Pharmaceuticals Total																			$	216,073			$	211,199				19.3	%

14

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
High Tech Industries
Access (6)(18)(19)		First Lien Senior Secured Loan		SONIA		5.25%			8.98	%		6/28/2029		£		80				99				106
Applitools (6)(16)(19)(26)		First Lien Senior Secured Loan		SOFR		6.25% PIK			9.95	%		5/25/2029		$		31,135				30,889				26,309
Applitools (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				5/25/2028		$		—				(12	)			(532	)
Applitools (6)(14)(19)(25)		Equity Interest		—		—		—				—				20				11				1
Applitools (6)(14)(19)(25)		Equity Interest		—		—		—				—				8,297				4,762				485
Appriss (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				3/10/2031		$		—				(11	)			(9	)
Appriss (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.71	%		3/10/2031		$		357				335				348
Appriss Holdings, Inc. (14)(19)(25)		Equity Interest		—		—		—				—				2,136				1,606				1,726
Appriss Holdings, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		4.85%			8.52	%		5/6/2027		$		5,503				5,478				5,503
Appriss Holdings, Inc. (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				5/6/2028		$		—				(5	)			—
AQ Software Corporation (18)(19)(25)(26)		Preferred Equity		SOFR		10.00% PIK			13.60	%		—				2				1,928				1,648
AQ Software Corporation (18)(19)(25)(26)		Preferred Equity		SOFR		10.00% PIK			13.60	%		—				3				3,212				2,746
AQ Software Corporation (18)(19)(25)(26)		Preferred Equity		SOFR		10.00% PIK			13.60	%		—				1				849				726
AQ Software Corporation (18)(19)(25)(26)		Preferred Equity		SOFR		10.00% PIK			13.60	%		—				2				2,224				1,917
Chartbeat (19)(26)		Subordinated Debt		—		16.00% PIK			16.00	%		10/4/2030		$		7,084				7,005				6,871
Chartbeat (14)(19)(25)		Warrants		—		—		—				—				1				—				35
Chartbeat (19)(26)		Subordinated Debt		—		16.00% PIK			16.00	%		10/4/2030		$		6,315				6,235				6,125
Cloud Technology Solutions (CTS) (6)(15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SONIA		2.52% (5.48% PIK)			11.79	%		10/17/2031		£		2,161				2,763				2,851
Cloud Technology Solutions (CTS) (6)(14)(19)(25)		Preferred Equity		—		—		—				—				4,835				5,937				7,095
Eagle Rock Capital Corporation (14)(19)(25)		Preferred Equity		—		—		—				—				2,429				2,429				6,509
Eleven Software (18)(19)		First Lien Senior Secured Loan		SOFR		8.25%			11.95	%		4/25/2027		$		7,439				7,419				7,439
Eleven Software (18)(19)		First Lien Senior Secured Loan - Revolver		SOFR		8.10%			11.77	%		9/25/2026		$		1,488				1,486				1,488
Eleven Software (14)(19)(25)		Preferred Equity		—		—		—				—				109				109				255
Eleven Software (14)(19)(25)		Preferred Equity		—		—		—				—				896				896				2,109
G-3 Frax Acquisition LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				1/30/2032		$		—				(1	)			(1	)
G-3 Frax Acquisition LLC (15)(19)		First Lien Senior Secured Loan		SOFR		6.00%			9.67	%		1/30/2032		$		919				912				911
Govineer Solutions (fka Black Mountain) (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.70	%		10/7/2030		$		4,378				4,353				4,378
Govineer Solutions (fka Black Mountain) (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				10/7/2030		$		—				(15	)			—
Govineer Solutions (fka Black Mountain) (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.67	%		10/7/2030		$		788				777				788
Harbor IT, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				3/13/2031		$		—				(1	)			(1	)
Harbor IT, LLC (3)(19)(24)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.67	%		3/13/2031		$		40				40				40
Harbor IT, LLC (19)(24)		First Lien Senior Secured Loan		SOFR		5.00%			8.67	%		3/13/2031		$		536				533				533
HG Insights, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		7.50%			11.17	%		6/16/2031		$		10,712				10,520				10,444
HG Insights, Inc. (14)(19)(25)		Equity Interest		—		—		—				—				505				777				711
LogRhythm (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/2/2029		$		—				(8	)			(58	)
LogRhythm, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		7.50%			11.17	%		7/2/2029		$		3,978				3,876				3,699
NearMap (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/9/2028		$		—				(46	)			(15	)
NearMap (15)(19)(29)		First Lien Senior Secured Loan		SOFR		4.75%			8.42	%		12/9/2029		$		19,266				19,229				19,266
NearMap (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/9/2028		$		—				(12	)			—
New Gen Holding (6)(18)(19)(26)		First Lien Senior Secured Loan		EURIBOR		3.00% (4.25% PIK)			9.75	%		5/28/2031		€		3,072				3,447				3,514
PayRange (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/31/2030		$		—				(32	)			—
PayRange (14)(19)(25)		Equity Interest		—		—		—				—				4,527				4,527				6,806
PlentyMarkets (6)(18)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		2.80% (3.70% PIK)			8.45	%		4/2/2032		€		1,600				1,858				1,780
Pricelabs Revenue Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				3/17/2033		$		—				(3	)			(2	)
Pricelabs Revenue Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				3/17/2033		$		—				(3	)			(2	)
Pricelabs Revenue Inc. (18)(19)		First Lien Senior Secured Loan		SOFR		4.75%			8.44	%		3/17/2033		$		2,055				2,034				2,039
RetailNext (15)(19)		First Lien Senior Secured Loan		SOFR		7.00%			10.67	%		12/5/2030		$		17,007				16,872				16,837
RetailNext (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		7.00%			10.71	%		12/5/2030		$		2,328				2,304				2,297
Revalize, Inc. (15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		3.40% (1.50% PIK)			8.60	%		4/15/2027		$		5,285				5,272				4,862
Revalize, Inc. (3)(15)(19)(26)		First Lien Senior Secured Loan - Revolver		SOFR		4.40% (1.50% PIK)			9.60	%		4/15/2027		$		470				467				362
Revalize, Inc. (15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		3.40% (1.50% PIK)			8.60	%		4/15/2027		$		1,982				1,978				1,824

15

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
High Tech Industries
SAM (19)(26)		First Lien Senior Secured Loan		—		13.50% PIK			13.50	%		5/9/2028		$		43,969				43,859				43,969
SensorTower (19)(29)(31)		First Lien Senior Secured Loan		SOFR		7.50%			11.18	%		3/15/2029		$		3,169				3,139				3,169
SensorTower (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				3/15/2029		$		—				(9	)			—
SensorTower (14)(19)(25)		Equity Interest		—		—		—				—				156				2,400				14,909
Superna Inc. (6)(15)(19)		First Lien Senior Secured Loan		SOFR		6.50%			10.17	%		3/6/2028		$		31,170				31,150				31,170
Superna Inc. (3)(5)(6)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				3/6/2028		$		—				(9	)			—
Superna Inc. (3)(5)(6)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				3/6/2028		$		—				(9	)			—
Superna Inc. (6)(14)(19)(25)		Equity Interest		—		—		—				—				1,463				1,463				2,745
Utimaco (6)(16)(19)		First Lien Senior Secured Loan		EURIBOR		5.50%			7.62	%		5/14/2029		€		67				72				77
Utimaco (6)(16)(19)		First Lien Senior Secured Loan		SOFR		5.93%			9.65	%		5/14/2029		$		94				93				94
Utimaco (6)(16)(19)		First Lien Senior Secured Loan		SOFR		5.93%			9.65	%		5/14/2029		$		192				191				192
Utimaco (6)(14)(19)(25)		Equity Interest		—		—		—				—				2				2,158				2,893
Utimaco (6)(14)(19)(25)		Preferred Equity		—		—		—				—				2				2,158				2,893
Ventiv Holdco, Inc. (14)(19)(25)		Equity Interest		—		—		—				—				529				2,833				909
High Tech Industries Total																			$	254,788			$	265,783				24.3	%
Hotel, Gaming & Leisure
Awayday (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				5/6/2032		$		—				(11	)			—
Awayday (15)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.95	%		5/6/2032		$		8,634				8,555				8,634
City BBQ (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.35%			9.03	%		9/4/2030		$		9,231				9,172				9,139
City BBQ (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.35%			9.02	%		9/4/2030		$		3,791				3,791				3,658
City BBQ (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				9/4/2030		$		—				(31	)			(47	)
City BBQ (14)(19)(25)		Preferred Equity		—		—		—				—				5				1,271				1,485
Le Berger SA (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		3.75%			5.77	%		2/21/2028		€		500				522				576
Pyramid Global Hospitality (19)(24)(29)		First Lien Senior Secured Loan		SOFR		5.25%			8.92	%		1/19/2028		$		9,478				9,363				9,478
Pyramid Global Hospitality (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				1/19/2028		$		—				(21	)			—
Hotel, Gaming & Leisure Total																			$	32,611			$	32,923				3.0	%
Media: Advertising, Printing & Publishing
Facts Global Energy (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.50%			9.20	%		12/20/2031		$		50				50				49
Facts Global Energy (3)(6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.50%			9.18	%		12/20/2031		$		1,577				1,539				1,340
Facts Global Energy (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.50%			9.20	%		12/20/2031		$		50				50				49
OGH Bidco Limited (6)(18)(19)		First Lien Senior Secured Loan		SONIA		6.50%			10.23	%		6/29/2029		£		139				165				172
OGH Bidco Limited (3)(6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		6.25%			9.98	%		6/29/2029		£		2,217				2,632				2,436
TGI Sport Bidco Pty Ltd (6)(18)(19)		First Lien Senior Secured Loan		BBSY		7.00%			11.11	%		4/30/2026		AUD		98				76				67
TGI Sport Bidco Pty Ltd (6)(17)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		7.11%			10.78	%		4/30/2026		AUD		106				73				73
TGI Sport Bidco Pty Ltd (6)(17)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		6.03%			9.79	%		6/24/2029		£		69				88				91
Media: Advertising, Printing & Publishing Total																			$	4,673			$	4,277				0.4	%
Media: Broadcasting & Subscription
Lightning Finco Limited (6)(16)(19)		First Lien Senior Secured Loan		SOFR		5.93%			9.59	%		8/31/2028		$		1,443				1,442				1,436
Lightning Finco Limited (6)(16)(19)		First Lien Senior Secured Loan		EURIBOR		5.75%			7.87	%		8/31/2028		€		1,300				1,437				1,491
Media: Broadcasting & Subscription Total																			$	2,879			$	2,927				0.3	%

16

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Media: Diversified & Production
Aptus 1724 Gmbh (6)(7)(14)(19)(21)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		7.15% PIK			10.89	%		3/3/2028		$		5,146				5,146				257
Efficient Collaborative Retail Marketing Company, LLC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		7.76% (2.50% PIK)			13.96	%		9/30/2026		$		11,827				10,008				10,289
Efficient Collaborative Retail Marketing Company, LLC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		7.76% (2.50% PIK)			13.96	%		9/30/2026		$		18,036				15,083				15,692
Efficient Collaborative Retail Marketing Company, LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		6.61%			10.28	%		9/30/2026		$		1,252				1,244				1,252
Music Creation Group Bidco GmbH (6)(7)(14)(19)(21)(26)		First Lien Senior Secured Loan		SOFR		7.15% PIK			10.89	%		3/3/2028		$		4,208				4,112				210
Owl Acquisition, LLC (16)(19)		First Lien Senior Secured Loan		SOFR		4.75%			8.42	%		4/17/2032		$		640				638				615
Owl Acquisition, LLC (3)(16)(19)		First Lien Senior Secured Loan - Revolver		SOFR		4.75%			8.45	%		4/17/2032		$		456				448				361
Owl Acquisition, LLC (3)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.75%			8.40	%		4/17/2032		$		199				198				156
Media: Diversified & Production Total																			$	36,877			$	28,832				2.6	%
Metals & Mining
Elevation NewCo Intermediate, LLC (14)(19)(25)		Equity Interest		—		—		—				—				112				—				48
Elevation NewCo, LLC (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.75%			9.45	%		8/1/2031		$		475				475				475
Elevation NewCo, LLC (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				8/1/2031		$		5				—				5
Lindstrom, LLC (3)(16)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.50%			9.20	%		12/30/2032		$		252				232				237
Metals & Mining Total																			$	707			$	765				0.1	%
Retail
Galeria (6)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		—		15.00% PIK			15.00	%		4/9/2029		€		10,657				11,604				12,281
Galeria (6)(14)(19)(25)		Equity Interest		—		—		—				—				101				22				—
New Look Vision Group (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		CORRA		5.25%			7.56	%		5/26/2028		CAD		28				26				20
New Look Vision Group (3)(6)(18)(19)		First Lien Senior Secured Loan - Revolver		CORRA		5.25%			7.56	%		5/26/2028		CAD		783				561				561
New Look Vision Group (6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.25%			8.95	%		5/26/2028		$		392				392				392
New Look Vision Group (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		CORRA		5.25%			7.56	%		5/26/2028		CAD		54				43				38
Thrasio, LLC (7)(14)(15)(19)(26)		First Lien Senior Secured Loan		SOFR		10.26% PIK			13.93	%		6/18/2029		$		5,419				4,682				4,335
Thrasio, LLC (14)(19)(25)		Equity Interest		—		—		—				—				8				777				—
Thrasio, LLC (14)(19)(25)		Equity Interest		—		—		—				—				70				6,997				—
Thrasio, LLC (7)(14)(15)(19)(26)		First Lien Senior Secured Loan		SOFR		10.26% PIK			13.93	%		6/18/2029		$		1,553				1,356				1,553
Retail Total																			$	26,460			$	19,180				1.8	%
Services: Business
ACAMS (14)(19)(25)		Equity Interest		—		—		—				—				3,337				3,337				3,497
ACAMS (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.68	%		12/30/2031		$		283				266				266
ACAMS (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.70	%		12/30/2031		$		5,191				5,142				5,142
Advanced Aircrew (15)(19)		First Lien Senior Secured Loan		SOFR		6.50%			10.17	%		7/26/2030		$		5,030				4,992				5,030
Advanced Aircrew (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/26/2030		$		—				—				—
Advanced Aircrew (14)(19)(25)		Preferred Equity		—		—		—				—				592				592				628
Allbridge (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.20	%		6/5/2030		$		8,932				8,884				8,932
Allbridge (3)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				6/5/2030		$		—				—				—
Allbridge (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				6/5/2030		$		—				(20	)			—
Alogent Holdings, Inc. (3)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				1/21/2032		$		—				—				—
Alogent Holdings, Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				1/21/2032		$		—				(16	)			(16	)
Alogent Holdings, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		6.50%			10.17	%		1/21/2032		$		1,512				1,497				1,497
AMI (16)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.90	%		10/17/2031		$		9,181				9,125				9,181

17

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Services: Business
AMI (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/17/2031		$		—				(34	)			—
Beneficium (6)(15)(19)		First Lien Senior Secured Loan		SONIA		5.50%			9.23	%		6/28/2031		£		7,497				9,404				9,690
Beneficium (2)(3)(6)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				6/28/2031		£		—				—				(190	)
BLI Buyer, Inc. (2)(3)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				10/31/2031		$		—				—				(16	)
BLI Buyer, Inc. (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.67	%		10/31/2031		$		535				526				524
BLI Buyer, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		5.00%			8.67	%		10/31/2031		$		1,129				1,124				1,123
Brook Bidco (6)(18)(19)(26)		First Lien Senior Secured Loan		SONIA		1.80% (5.48% PIK)			11.00	%		7/10/2028		£		960				1,295				1,139
Brook Bidco (6)(16)(19)(26)		First Lien Senior Secured Loan		SOFR		1.98% (6.12% PIK)			11.77	%		7/10/2028		£		386				509				458
Brook Bidco (6)(16)(19)(26)		First Lien Senior Secured Loan		SOFR		1.98% (6.13% PIK)			11.78	%		7/10/2028		£		139				190				164
Brook Bidco (6)(14)(19)(25)		Preferred Equity		—		—		—				—				11,656				9,941				5,541
Brook Bidco I Limited (6)(18)(19)(26)		First Lien Senior Secured Loan		SONIA		4.01% (4.25% PIK)			11.99	%		7/7/2028		$		2,537				2,308				2,308
Cube (18)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		3.00% (4.40% PIK)			11.09	%		5/20/2031		$		54				54				54
Cube (6)(18)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		3.00% (4.40% PIK)			11.10	%		5/20/2031		$		123				105				101
Cube (6)(18)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SONIA		10.00% PIK			13.73	%		5/22/2032		£		2,185				2,992				2,882
Darcy Partners (18)(19)		First Lien Senior Secured Loan		SOFR		7.75%			11.45	%		6/1/2028		$		1,476				1,471				1,462
Darcy Partners (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		7.65%			11.30	%		6/1/2028		$		70				70				66
Darcy Partners (14)(19)(25)		Equity Interest		—		—		—				—				359				360				387
Datix Bidco Limited (17)(19)		First Lien Senior Secured Loan		SOFR		5.00%			8.73	%		4/30/2031		$		5,126				5,048				5,126
Datix Bidco Limited (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				4/30/2031		$		—				(21	)			—
Datix Bidco Limited (3)(5)(6)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/30/2030		$		—				(30	)			—
Discovery Senior Living (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.75%			8.42	%		3/18/2030		$		5,661				5,633				5,661
Discovery Senior Living (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				3/18/2030		$		—				(19	)			—
DTIQ (13)(19)(29)		First Lien Senior Secured Loan		SOFR		7.50%			11.17	%		9/30/2029		$		33,270				32,828				32,605
DTIQ (13)(19)		First Lien Senior Secured Loan - Revolver		SOFR		7.50%			11.17	%		9/30/2029		$		4,032				4,032				3,951
DTIQ (14)(19)(25)		Equity Interest		—		—		—				—				3,995				—				—
DTIQ (14)(19)(25)		Equity Interest		—		—		—				—				1,985				681				1,557
Easy Ice (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.40%			9.07	%		10/30/2030		$		7,900				7,807				7,900
Easy Ice (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.40%			9.10	%		10/30/2030		$		3,601				3,541				3,601
Easy Ice (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.40%			9.07	%		10/30/2030		$		3,029				2,969				3,029
Electronic Merchant Systems (16)(19)(29)		First Lien Senior Secured Loan		SOFR		4.75%			8.42	%		8/1/2030		$		4,081				4,027				4,081
Electronic Merchant Systems (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				8/1/2030		$		—				—				—
Electronic Merchant Systems (14)(19)(25)		Equity Interest		—		—		—				—				148				1,042				1,867
Elevator Holdco Inc. (14)(19)(25)		Equity Interest		—		—		—				—				2				2,448				3,026
E-Tech Group (3)(15)(19)		First Lien Senior Secured Loan - Revolver		P		4.50%			11.25	%		4/9/2030		$		337				329				331
Fiduciaire Jean-Marc Faber (FJMF) (2)(3)(5)(6)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				4/3/2032		€		—				(14	)			(18	)
Fiduciaire Jean-Marc Faber (FJMF) (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		5.50%			7.58	%		4/3/2032		€		50				55				57
HLSG Intermediate, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				2/2/2033		$		—				(12	)			(9	)
HLSG Intermediate, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				2/2/2033		$		—				(10	)			(7	)
HLSG Intermediate, LLC (16)(19)		First Lien Senior Secured Loan		SOFR		4.75%			8.42	%		2/2/2033		$		10,914				10,812				10,832
Hollywood LP (6)(19)(25)(26)		Preferred Equity		—		12.50% PIK			12.50	%		—				1,928				2,510				2,517
iBanFirst (6)(18)(19)(26)		First Lien Senior Secured Loan		EURIBOR		9.75% PIK			11.78	%		7/13/2028		€		4,279				4,525				4,931

18

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Services: Business
iBanFirst (6)(18)(19)(26)		First Lien Senior Secured Loan		EURIBOR		9.75% PIK			11.78	%		7/13/2028		€		120				129				139
iBanFirst (6)(18)(19)(26)		First Lien Senior Secured Loan		EURIBOR		9.75% PIK			11.78	%		7/13/2028		€		4,497				4,716				5,183
iBanFirst (6)(18)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		9.75% PIK			11.86	%		7/13/2028		€		4,127				4,321				4,756
iBanFirst (6)(14)(19)(25)		Preferred Equity		—		—		—				—				7,112				8,136				27,713
ImageTrend (15)(19)		First Lien Senior Secured Loan		SOFR		5.00%			8.67	%		1/31/2029		$		17,000				16,841				17,000
ImageTrend (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				1/31/2029		$		—				(28	)			—
ImageTrend (15)(19)		First Lien Senior Secured Loan		SOFR		5.00%			8.67	%		1/31/2029		$		2,500				2,480				2,500
LEP CP Co-Invest, L.P. (6)(14)(19)(25)		Equity Interest		—		—		—				—				287				380				413
Mach 1 Bidco Limited (6)(18)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		3.00% (4.40% PIK)			11.10	%		5/20/2031		$		295				293				293
masLabor (18)(19)		First Lien Senior Secured Loan		SOFR		7.50%			11.15	%		7/1/2027		$		8,212				8,142				8,212
masLabor (14)(19)(25)		Equity Interest		—		—		—				—				173				173				728
Monarch Collective Holdings, LLC (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.70	%		3/17/2032		$		20				3				3
Monarch Collective Holdings, LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.70	%		3/17/2032		$		133				130				130
Monarch Collective Holdings, LLC (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.68	%		3/17/2032		$		5,000				4,975				4,975
Morrow Sodali (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				4/25/2028		$		—				(11	)			—
Morrow Sodali (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.48%			9.15	%		4/25/2028		$		2,566				2,559				2,566
Opus2 (6)(18)(19)		First Lien Senior Secured Loan		SONIA		5.28%			9.00	%		5/5/2028		£		123				169				162
Opus2 (6)(14)(19)(25)		Equity Interest		—		—		—				—				2,272				2,900				3,324
PRGX (15)(19)		First Lien Senior Secured Loan		SOFR		5.50%			9.16	%		12/20/2030		$		142				141				139
PRGX (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				12/20/2030		$		—				(22	)			(123	)
Pure Wafer (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.35%			9.02	%		11/12/2030		$		1,975				1,968				1,975
Pure Wafer (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.35%			9.02	%		11/12/2030		$		396				381				396
Pure Wafer (14)(19)(25)		Equity Interest		—		—		—				—				1,236				1,236				1,381
Rydoo (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		6.75%			9.25	%		9/12/2031		€		1,556				1,725				1,793
Rydoo (6)(15)(19)		First Lien Senior Secured Loan		EURIBOR		6.75%			9.25	%		9/26/2031		€		5,076				5,800				5,850
Rydoo (6)(14)(19)(25)		Equity Interest		—		—		—				—				1,529				1,790				1,886
Rydoo (6)(14)(19)(25)		Preferred Equity		—		—		—				—				655				767				870
SoftCo (6)(15)(19)		First Lien Senior Secured Loan		EURIBOR		6.75%			8.76	%		2/22/2031		€		2,000				2,149				2,305
SoftCo (6)(14)(19)(25)		Equity Interest		—		—		—				—				500				537				547
Spring Finco BV (2)(3)(6)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				7/15/2029		NOK		—				—				(78	)
TEI Holdings Inc. (17)(29)		First Lien Senior Secured Loan		SOFR		4.00%			7.70	%		4/9/2031		$		2,614				2,604				2,590
TES Global (6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		5.00%			8.73	%		1/27/2029		£		12				15				16
Webcentral (6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		6.25%			8.75	%		12/18/2030		€		17				18				19
Webcentral (3)(6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		6.25%			9.88	%		12/18/2030		€		217				238				240
Webcentral (6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		6.25%			9.88	%		12/18/2030		$		87				87				87
Services: Business Total																			$	228,037			$	248,878				22.8	%

19

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Services: Consumer
CorePower Yoga, LLC (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.25%			8.95	%		4/30/2031		$		7,940				7,904				7,940
CorePower Yoga, LLC (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				4/30/2031		$		—				(2	)			—
CorePower Yoga, LLC (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				4/30/2031		$		—				(8	)			—
Master ConcessionAir (19)(33)		First Lien Senior Secured Loan		SOFR		8.50%			12.21	%		6/21/2029		$		1,697				1,671				1,612
Master ConcessionAir (3)(19)(33)		First Lien Senior Secured Loan - Delayed Draw		SOFR		8.75%			12.42	%		6/21/2029		$		181				180				159
Master ConcessionAir (3)(19)(33)		First Lien Senior Secured Loan - Revolver		SOFR		8.50%			12.17	%		6/21/2029		$		217				214				205
MZR Aggregator (14)(19)(25)		Equity Interest		—		—		—				—				1				798				60
MZR Aggregator (14)(19)(25)		Equity Interest		—		—		—				—				—				12				1
MZR Buyer, LLC (15)(19)(26)		First Lien Senior Secured Loan - Revolver		SOFR		6.90% (0.50% PIK)			11.06	%		12/22/2028		$		5,235				5,196				4,894
MZR Buyer, LLC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		6.90% (0.50% PIK)			11.10	%		12/22/2028		$		455				450				426
MZR Buyer, LLC (15)(19)(26)		First Lien Senior Secured Loan - Revolver		SOFR		6.90% (0.50% PIK)			11.06	%		12/22/2028		$		1,732				1,713				1,619
MZR Buyer, LLC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		6.90% (0.50% PIK)			11.10	%		12/22/2028		$		25,523				25,099				23,864
Spotless Brands (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.50%			9.17	%		7/25/2028		$		11,301				11,259				11,301
Vasa Fitness Buyer, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		6.35%			10.02	%		8/15/2030		$		66				65				65
Vasa Fitness, LLC (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		6.35%			10.03	%		8/15/2030		$		1,085				1,077				1,069
Vasa Fitness, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				8/15/2030		$		—				(2	)			(2	)
WhiteWater Express (19)(26)		Subordinated Debt		—		14.00% PIK			14.00	%		3/31/2031		$		9,485				9,422				9,485
Services: Consumer Total																			$	65,048			$	62,698				5.7	%
Telecommunications
Meriplex Communications, Ltd. (16)(19)		First Lien Senior Secured Loan		SOFR		5.10%			8.77	%		7/17/2028		$		1,096				1,081				1,077
Meriplex Communications, Ltd. (16)(19)		First Lien Senior Secured Loan		SOFR		5.10%			8.77	%		7/17/2028		$		11,936				11,828				11,727
Meriplex Communications, Ltd. (16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.10%			8.77	%		7/17/2028		$		7,084				7,041				6,960
Meriplex Communications, Ltd. (3)(16)(19)(35)		First Lien Senior Secured Loan - Revolver		SOFR		5.10%			8.77	%		7/17/2028		$		2,475				2,453				2,425
Substantial Holdco Limited (3)(6)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		—		8.00% (4.00% PIK)			12.00	%		4/20/2030		£		386				517				509
Taoglas (15)(19)		First Lien Senior Secured Loan		SOFR		7.25%			10.95	%		2/28/2029		$		9,851				9,794				9,753
Taoglas (3)(6)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		7.25%			10.96	%		2/28/2029		$		1,284				1,284				1,271
Taoglas (6)(15)(19)		First Lien Senior Secured Loan		SOFR		7.25%			10.95	%		2/28/2029		$		443				435				438
Taoglas (14)(19)(25)		Equity Interest		—		—		—				—				2,259				2,259				1,973
Taoglas (15)(19)		First Lien Senior Secured Loan		SOFR		7.25%			10.95	%		2/28/2029		$		892				892				883
Taoglas (14)(19)(25)		Equity Interest		—		—		—				—				128				128				111
Taoglas (15)(19)		First Lien Senior Secured Loan		SOFR		7.25%			10.95	%		2/28/2029		$		18,230				18,001				18,048
Telecommunications Total																			$	55,713			$	55,175				5.0	%

20

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Transportation: Cargo
A&R Logistics, Inc. (15)(19)(26)		First Lien Senior Secured Loan		SOFR		2.65% (4.25% PIK)			10.58	%		2/3/2028		$		13,308				13,292				10,913
A&R Logistics, Inc. (3)(15)(19)(22)(26)		First Lien Senior Secured Loan - Revolver		SOFR		2.60% (4.25% PIK)			10.52	%		2/3/2028		$		5,861				5,803				4,729
A&R Logistics, Inc. (15)(19)(26)		First Lien Senior Secured Loan		SOFR		2.65% (4.25% PIK)			10.58	%		2/3/2028		$		2,424				2,422				1,988
A&R Logistics, Inc. (15)(19)(26)		First Lien Senior Secured Loan		SOFR		2.65% (4.25% PIK)			10.58	%		2/3/2028		$		926				923				759
A&R Logistics, Inc. (15)(19)(26)		First Lien Senior Secured Loan		SOFR		2.65% (4.25% PIK)			10.58	%		2/3/2028		$		2,722				2,720				2,232
A&R Logistics, Inc. (15)(19)(26)		First Lien Senior Secured Loan		SOFR		2.65% (4.25% PIK)			10.58	%		2/3/2028		$		6,000				5,994				4,920
A&R Logistics, Inc. (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				6/29/2026		$		108				—				108
ARL Holdings, LLC (14)(19)(25)		Equity Interest		—		—		—				—				—				445				—
ARL Holdings, LLC (14)(19)(25)		Equity Interest		—		—		—				—				9				9				9
Grammer Investment Holdings LLC (14)(19)(25)		Equity Interest		—		—		—				—				1,011				1,019				—
Grammer Investment Holdings LLC (14)(19)(25)		Warrants		—		—		—				—				122				—				—
Grammer Investment Holdings LLC (14)(19)(25)		Preferred Equity		—		—		—				—				11				1,095				—
Gulf Winds International (15)(19)(26)(29)		First Lien Senior Secured Loan		SOFR		6.00% (1.00% PIK)			10.67	%		12/16/2028		$		11,952				11,762				11,324
Gulf Winds International (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		7.00%			10.67	%		12/16/2028		$		4,779				4,679				4,480
Gulf Winds International (15)(19)(26)		First Lien Senior Secured Loan		SOFR		6.00% (1.00% PIK)			10.67	%		12/16/2028		$		1,072				1,065				1,016
ICAT Logistics, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		6.25%			9.92	%		3/1/2029		$		182				179				180
ICAT Logistics, Inc. (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		6.25%			9.92	%		3/1/2029		$		2,629				2,592				2,575
ICAT Logistics, Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				3/1/2029		$		—				(12	)			(8	)
REP Coinvest III- A Omni, L.P. (14)(19)(25)		Equity Interest		—		—		—				—				1,377				1,377				381
RoadOne (15)(19)(29)		First Lien Senior Secured Loan		SOFR		6.25%			9.95	%		12/29/2028		$		11,852				11,659				11,852
RoadOne (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		6.25%			10.00	%		12/29/2028		$		927				917				927
RoadOne (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		6.25%			10.00	%		12/29/2028		$		3,922				3,861				3,922
Transportation: Cargo Total																			$	71,801			$	62,307				5.7	%
Transportation: Consumer
PrimeFlight (15)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.92	%		5/1/2029		$		9,311				9,233				9,311
PrimeFlight Acquisition LLC (15)(19)		First Lien Senior Secured Loan		SOFR		4.75%			8.41	%		5/1/2029		$		5,797				5,743				5,797
PrimeFlight Acquisition LLC (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.16	%		5/1/2029		$		11,913				11,776				11,913
PrimeFlight Acquisition LLC (15)(19)		First Lien Senior Secured Loan		SOFR		5.50%			9.20	%		5/1/2029		$		824				824				824
PrimeFlight Acquisition LLC (15)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.95	%		5/1/2029		$		4,004				3,963				4,004
Transportation: Consumer Total																			$	31,539			$	31,849				2.9	%
Utilities: Electric
KAMC Holdings, Inc. (16)(19)(29)		First Lien Senior Secured Loan		SOFR		5.25%			8.91	%		8/1/2031		$		7,837				7,756				7,700
KAMC Holdings, Inc. (3)(16)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.25%			8.92	%		8/1/2031		$		263				253				246
Utilities: Electric Total																			$	8,009			$	7,946				0.7	%
Utilities: Water
Vessco Water (3)(16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.50%			8.17	%		7/24/2031		$		3,080				3,064				3,080
Vessco Water (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/24/2031		$		—				(8	)			—
Utilities: Water Total																			$	3,056			$	3,080				0.3	%

21

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Non-Controlled/Non-Affiliate Investments
Wholesale
Abracon Group Holding, LLC. (7)(14)(16)(19)(26)		First Lien Senior Secured Loan		SOFR		2.05% (4.60% PIK)			10.32	%		7/6/2028		$		15,115				13,387				6,651
Abracon Group Holding, LLC. (7)(14)(16)(19)(26)		First Lien Senior Secured Loan - Revolver		SOFR		2.05% (4.60% PIK)			10.32	%		7/6/2028		$		2,136				1,884				940
Chex Finer Foods, LLC (15)(19)(29)		First Lien Senior Secured Loan		SOFR		6.00%			9.67	%		6/6/2031		$		8,922				8,874				8,922
Chex Finer Foods, LLC (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				6/6/2031		$		—				(16	)			—
Chex Finer Foods, LLC (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				6/6/2031		$		—				(14	)			—
Fifty AU Bidco Pty Ltd (18)(19)		First Lien Senior Secured Loan		BBSY		5.00%			9.36	%		8/1/2031		AUD		2,390				1,540				1,637
Fifty U.S. Bidco Inc (15)(19)		First Lien Senior Secured Loan		SOFR		5.00%			8.70	%		8/1/2031		$		698				695				698
Fifty U.S. Bidco Inc (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				8/1/2031		$		—				(3	)			—
Fifty U.S. Bidco Inc (3)(15)(19)(36)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.70	%		8/1/2031		$		1,392				1,381				1,408
Hultec (14)(19)(25)		Equity Interest		—		—		—				—				1				651				966
SureWerx (16)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.95	%		12/28/2029		$		930				927				925
SureWerx (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				12/28/2029		$		—				(6	)			(5	)
SureWerx (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/28/2028		$		301				289				289
SureWerx (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/28/2028		CAD		—				—				—
WSP (2)(3)(7)(14)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				4/27/2028		$		135				128				(53	)
WSP (14)(19)(25)		Equity Interest		—		—		—				—				2,898				2,898				—
WSP (7)(14)(15)(19)(26)		First Lien Senior Secured Loan		SOFR		1.15% (4.00% PIK)			8.82	%		4/27/2028		$		3,338				2,924				1,018
WSP (7)(14)(19)(26)		First Lien Senior Secured Loan		—		8.00% PIK			8.00	%		4/27/2028		$		2,259				1,995				—
WSP (14)(19)(25)		Preferred Equity		—		—		—				—				—				216				—
WSP (14)(19)(25)		Equity Interest		—		—		—				—				—				12				—
Wholesale Total																			$	37,762			$	23,396				2.1	%
Non-Controlled/Non-Affiliate Investments Total																			$	1,925,871			$	1,916,461				175.30	%
Non-Controlled/Affiliate Investments
Aerospace & Defense
Ansett Aviation Training (6)(10)(14)(19)(25)		Equity Interest		—		—		—				—				5,119				3,842				18,874
Aerospace & Defense Total																			$	3,842			$	18,874				1.8	%
Beverage, Food & Tobacco
ADT Pizza, LLC (10)(14)(19)(25)		Equity Interest		—		—		—				—				6,720				3,372				—
Beverage, Food & Tobacco Total																			$	3,372			$	—				0.0	%
Consumer Goods: Durable
Walker Edison (3)(7)(10)(14)(19)		First Lien Senior Secured Loan - Delayed Draw		—		10.00%			10.00	%		2/2/2026		$		290				290				290
Consumer Goods: Durable Total																			$	290			$	290				0.0	%
Non-Controlled/Affiliate Investments Total																			$	7,504			$	19,164				1.8	%

22

Portfolio Company		Investment Type		Index (1)		Spread (1)		Interest Rate				Maturity Date		Principal/Shares (9)					Cost				Market Value				% of NAV (4)
Controlled Affiliate Investments
Aerospace & Defense
BCC Jetstream Holdings Aviation (Off I), LLC (6)(10)(11)(14)(20)(25)		Equity Interest		—		—		—				—				11,863				11,862				7,539
BCC Jetstream Holdings Aviation (On II), LLC (10)(11)(14)(20)		First Lien Senior Secured Loan		—		—		—				—		$		8,013				8,013				4,583
BCC Jetstream Holdings Aviation (On II), LLC (10)(11)(14)(20)(25)		Equity Interest		—		—		—				—				1,116				1,115				—
Aerospace & Defense Total																			$	20,990			$	12,122				1.1	%
FIRE: Finance
Legacy Corporate Lending HoldCo, LLC (10)(11)(14)(19)(25)		Equity Interest		—		—		—				—				1				900				1,343
Legacy Corporate Lending HoldCo, LLC (10)(11)(19)(25)		Preferred Equity		—		—		—				—				70				63,000				73,309
Legacy Corporate Lending HoldCo, LLC (10)(11)(14)(19)(25)		Equity Interest		—		—		—				—				1				—				4,517
FIRE: Finance Total																			$	63,900			$	79,169				7.2	%
Investment Vehicles
Bain Capital Senior Loan Program, LLC (6)(10)(11)(18)(19)		Subordinated Note Investment Vehicles		—		10.00%			10.00	%		12/27/2033		$		178,980				178,980				166,910
Bain Capital Senior Loan Program, LLC (6)(10)(11)(25)		Preferred Equity Interest Investment Vehicles		—		—		—				—				10				10				1,836
Bain Capital Senior Loan Program, LLC (6)(10)(11)(25)		Equity Interest Investment Vehicles		—		—		—				—				10				5,594				3,618
International Senior Loan Program, LLC (6)(10)(11)(18)(19)		Subordinated Note Investment Vehicles		SOFR		8.00%			11.69	%		2/22/2028		$		190,729				190,729				190,729
International Senior Loan Program, LLC (6)(10)(11)(25)		Equity Interest Investment Vehicles		—		—		—				—				63,587				60,615				31,598
Investment Vehicles Total																			$	435,928			$	394,691				36.1	%
Services: Business
Parcel2Go (6)(10)(11)(14)(19)(25)		Preferred Equity		—		—		—				—				14,221				—				—
Parcel2Go (6)(10)(11)(14)(19)(25)		Equity Interest		—		—		—				—				—				—				—
Parcel2Go (6)(10)(11)(18)(19)		First Lien Senior Secured Loan		SONIA		7.00%			10.73	%		11/26/2031		£		52				66				58
Services: Business Total																			$	66			$	58				0.0	%
Services: Consumer
SG Global Midco Limited (6)(10)(11)(19)(26)		First Lien Senior Secured Loan		—		10.00% PIK			10.00	%		12/31/2028		£		2				3				3
Surrey Bidco Limited (6)(7)(10)(11)(14)(18)(19)(26)		First Lien Senior Secured Loan		SONIA		6.28% PIK			10.00	%		12/31/2028		£		69				77				—
Voltaire Topco Limited (6)(10)(11)(14)(19)(25)		Equity Interest		—		—		—				—				—				—				—
Services: Consumer Total																			$	80			$	3				0.0	%
Transportation: Cargo
Lightning Holdings B, LLC (6)(10)(11)(14)(19)(25)		Equity Interest		—		—		—				—				28,209				28,519				49,130
Transportation: Cargo Total																			$	28,519			$	49,130				4.5	%
Controlled Affiliate Investments Total																			$	549,483			$	535,173				48.9	%
Investments Total																			$	2,482,858			$	2,470,798				226.0	%
Cash Equivalents
Goldman Sachs Financial Square Government Fund Institutional Share Class		Cash Equivalents		—		—			3.55	%		—		$		1,893				1,893				1,893
Goldman Sachs US Treasury Liquid Reserves Fund (30)		Cash Equivalents		—		—			3.54	%		—		$		11,698				11,698				11,698
Cash Equivalents Total																			$	13,591			$	13,591				1.2	%
Investments and Cash Equivalents Total																			$	2,496,449			$	2,484,389				227.2	%

Interest Rate Swap

Description		Hedged Items		Company Receives	Company Pays		Counterparty		Settlement Date		Notional Amount				Upfront Payments/Receipts				Unrealized Appreciation
Interest Rate Swap		March 2030 Notes		5.95%	SOFR + 1.90%		Wells Fargo		3/15/2030		$	350,000			$	-			$	5,278
Interest Rate Swap		March 2031 Notes		5.95%	SOFR + 2.28%		BNP Paribas		3/3/2031		$	350,000			$	-			$	(299	)

23

Forward Foreign Currency Exchange Contracts

Currency Purchased		Currency Sold		Counterparty		Settlement Date		Unrealized Appreciation(8)
US DOLLARS 1,034		POUND STERLING 0		BNP Paribas		4/10/2026		$	(1,037	)
US DOLLARS 3,130		POUND STERLING 2,410		US Bank		4/14/2026			(48	)
US DOLLARS 19,307		EURO 16,810		US Bank		5/12/2026			(98	)
US DOLLARS 13,483		POUND STERLING 10,160		US Bank		5/14/2026			85
US DOLLARS 1,167		EURO 0		Wells Fargo		5/19/2026			(1,168	)
US DOLLARS 58		POUND STERLING 55		Bank of New York		6/8/2026			(14	)
US DOLLARS 819		EURO 700		Bank of New York		6/8/2026			10
US DOLLARS 5,137		EURO 4,400		Bank of New York		6/9/2026			52
US DOLLARS 2,760		EURO 2,360		Bank of New York		6/10/2026			33
US DOLLARS 290		NEW ZEALAND DOLLAR 725		Bank of New York		6/15/2026			(125	)
US DOLLARS 3,959		POUND STERLING 2,915		Bank of New York		6/17/2026			116
US DOLLARS 7,661		POUND STERLING 5,690		Bank of New York		6/25/2026			159
US DOLLARS 2,451		POUND STERLING 1,810		US Bank		6/25/2026			65
US DOLLARS 2,451		AUSTRALIAN DOLLARS 3,739		Bank of New York		7/16/2026			(107	)
US DOLLARS 8,665		POUND STERLING 6,450		Wells Fargo		7/16/2026			163
US DOLLARS 4,375		EURO 3,680		Wells Fargo		7/16/2026			115
US DOLLARS 3,206		AUSTRALIAN DOLLARS 4,900		US Bank		7/31/2026			(145	)
US DOLLARS 5,343		POUND STERLING 4,007		BNP Paribas		7/31/2026			63
US DOLLARS 11,061		EURO 9,445		BNP Paribas		7/31/2026			122
US DOLLARS 5,895		EURO 4,980		Wells Fargo		8/13/2026			125
US DOLLARS 3,248		AUSTRALIAN DOLLARS 5,195		Bank of New York		8/20/2026			(303	)
US DOLLARS 999		EURO 0		Bank of New York		8/20/2026			(999	)
US DOLLARS 5,570		EURO 4,860		Wells Fargo		8/20/2026			(62	)
US DOLLARS 952		CANADIAN DOLLAR 1,310		Bank of New York		8/20/2026			8
US DOLLARS 7,111		POUND STERLING 5,620		Bank of New York		8/27/2026			(293	)
US DOLLARS 5,359		AUSTRALIAN DOLLARS 8,060		Bank of New York		9/16/2026			(147	)
US DOLLARS 7,171		POUND STERLING 5,316		US Bank		9/24/2026			171
US DOLLARS 3,473		POUND STERLING 2,590		US Bank		10/2/2026			63
US DOLLARS 3,170		EURO 2,700		US Bank		10/2/2026			37
US DOLLARS 16,837		EURO 14,100		Bank of New York		10/2/2026			473
US DOLLARS 5,503		POUND STERLING 4,100		Bank of New York		10/22/2026			107
US DOLLARS 1,083		POUND STERLING 800		Wells Fargo		10/26/2026			30
US DOLLARS 489		POUND STERLING 370		Bank of New York		11/10/2026			2
US DOLLARS 7,259		POUND STERLING 5,480		US Bank		11/10/2026			48
US DOLLARS 1,648		EURO 1,400		Wells Fargo		11/20/2026			21
US DOLLARS 4,355		POUND STERLING 3,350		Bank of New York		11/25/2026			(51	)
US DOLLARS 983		EURO 830		US Bank		12/7/2026			18
US DOLLARS 2,620		EURO 2,230		US Bank		1/7/2027			24
US DOLLARS 996		EURO 840		Wells Fargo		1/7/2027			18
US DOLLARS 209		AUSTRALIAN DOLLARS 300		Citibank		1/22/2027			4
US DOLLARS 6,664		AUSTRALIAN DOLLARS 9,900		Wells Fargo		1/22/2027			(73	)
US DOLLARS 4,166		EURO 3,510		Bank of New York		1/22/2027			79
US DOLLARS 10,101		EURO 8,610		BNP Paribas		10/28/2027			2
US DOLLARS 4,399		EURO 3,800		Bank of New York		10/28/2027			(58	)
								$	(2,515	)

(1)The investments bear interest at a rate that may be determined by reference to the Euro Interbank Offered Rate (“EURIBOR” or “E”), the Bank Bill Benchmark Rate (“BKBM”), the Canadian Overnight Repo Rate Average (“CORRA”), the Bank Bill Swap Bid Rate (“BBSY”), the Prime Rate (“Prime” or “P”), the Sterling Overnight Index Average (“SONIA”) or Secured Overnight Financing rate (“SOFR”) which reset daily, monthly, quarterly or semiannually. Investments or a portion thereof may provide for Payment-in-Kind (“PIK”). For each, the Company has provided the PIK or the spread over EURIBOR, BKBM, CORRA, BBSY, SONIA, SOFR, or Prime and the current weighted average interest rate in effect at March 31, 2026. Certain investments are subject to a EURIBOR, BKBM, CORRA, BBSY, SONIA, SOFR or Prime interest rate floor.

(2)The negative fair value is the result of the capitalized discount on the loan or the unfunded commitment being valued below par.

(3)Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion. The investment may be subject to an unused/letter of credit facility fee.

(4)Percentages are based on the Company’s net assets of $1,093,555 as of March 31, 2026.

(5)The negative amortized cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.

(6)The investment or a portion of this investment is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940. The Company may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70%

24

of the Company’s total assets. As of March 31, 2026, non-qualifying assets totaled 27.74% of the Company’s total assets.

(7)Loan was on non-accrual status as of March 31, 2026.

(8)Unrealized appreciation on forward currency exchange contracts.

(9)The principal amount (par amount) for all debt securities is denominated in U.S. dollars, unless otherwise noted. £ represents Pound Sterling, € represents Euro, NOK represents Norwegian Krone, AUD represents Australian Dollar, CAD represents Canadian Dollar and NZ$ represents New Zealand Dollar.

(10)As defined in the 1940 Act, the portfolio company is deemed to be an “affiliated person” of the Company as the Company owns 5% or more of the portfolio company’s outstanding voting securities.

(11)As defined in the 1940 Act, the Company is deemed to “control” this portfolio company as the Company either owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company.

(12)Tick mark not used.

(13)Loan includes interest rate floor of 3.50%.

(14)Non-income producing.

(15)Loan includes interest rate floor of 1.00%.

(16)Loan includes interest rate floor of 0.75%.

(17)Loan includes interest rate floor of 0.50%.

(18)Loan includes interest rate floor of 0.00%.

(19)Security valued using unobservable inputs (Level 3).

(20)The Company holds a controlling, affiliate interest in an aircraft-owning special purpose vehicle through this investment.

(21)Loan includes interest rate floor of 0.25%.

(22)$436 of the total par amount for this security is at P+ 5.50%.

(23)$44 of the total par amount for this security is at P+ 4.00%.

(24)Loan includes interest rate floor of 1.25%.

(25)Security exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act. As of March 31, 2026, the aggregate fair value of these securities is $370,245 or 33.86% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:

25

Investment		Acquisition Date
ACAMS		3/10/2022
ADT Pizza, LLC		10/29/2018
Advanced Aircrew		7/26/2024
AGS American Services Investments, L.P.		7/24/2025
Ansett Aviation Training		3/24/2022
Apollo Intelligence		6/1/2022
Applitools		7/18/2025
Appriss Holdings, Inc.		5/3/2021
AQ Software Corporation		12/10/2021
AQ Software Corporation		4/14/2022
AQ Software Corporation		12/29/2022
ARL Holdings, LLC		5/3/2019
Athena Parent Holdings, L.P.		1/28/2026
AXH Air Coolers		10/31/2023
Bain Capital Senior Loan Program, LLC		12/27/2021
BCC CPK investments 1, LLC		12/8/2025
BCC HGS Investments 1, LLC		10/21/2025
BCC Jetstream Holdings Aviation (Off I), LLC		6/1/2017
BCC Jetstream Holdings Aviation (On II), LLC		6/1/2017
BCC Trillium Foods Investments 1, LLC		5/13/2025
BCSF Project Aberdeen, LLC		7/3/2024
BCSF ServiceMaster Investments, LLC		8/8/2025
Brook Bidco		7/8/2021
BTX Precision		7/25/2024
CB Titan Holdings, Inc.		5/1/2017
Chartbeat		10/4/2024
City BBQ		9/4/2024
Cloud Technology Solutions (CTS)		12/15/2022
Congress Wealth		6/30/2023
Darcy Partners		6/1/2022
DTIQ		9/30/2024
DTIQ		9/15/2025
Eagle Rock Capital Corporation		12/9/2021
East BCC Coinvest II, LLC		7/23/2019
EHE Health		8/7/2024
Electronic Merchant Systems		7/12/2024
Elevation NewCo Intermediate, LLC		8/1/2025
Elevator Holdco Inc.		12/23/2019
Eleven Software		3/20/2024
Eleven Software		4/25/2022
Elk		11/1/2019
Endurance Holdco Limited		11/14/2025
FCG Acquisitions, Inc.		1/24/2019
Fineline Technologies, Inc.		2/22/2021

26

Investment		Acquisition Date
Forward Slope		3/15/2024
Galeria		8/1/2024
Gills Point S		12/18/2025
Gills Point S		5/17/2023
Grammer Investment Holdings LLC		10/1/2018
HealthDrive		8/18/2023
HG Insights, Inc.		6/16/2025
Hollywood LP		4/16/2025
Hultec		3/31/2023
iBanFirst		7/13/2021
Insigneo Financial Group LLC		8/1/2022
International Senior Loan Program, LLC		2/22/2021
Legacy Corporate Lending HoldCo, LLC		4/21/2023
LEP CP Co-Invest, L.P.		4/16/2025
LEP SAL Co-Invest, L.P.		11/14/2025
Lightning Holdings B, LLC		1/2/2020
masLabor		7/1/2021
MZR Aggregator		12/22/2020
MZR Aggregator		9/17/2024
Odyssey Behavioral Health		11/21/2024
Opus2		6/16/2021
Parcel2Go		11/26/2024
PayRange		10/31/2024
PPT Group		2/28/2025
PPX		7/29/2021
Precision Ultimate Holdings, LLC		11/6/2019
Precision Ultimate Holdings, LLC		10/7/2024
Pure Wafer		11/12/2024
REP Coinvest III- A Omni, L.P.		2/5/2021
Robinson Helicopter		6/30/2022
Rydoo		9/26/2024
SensorTower		3/15/2024
Service Master		8/16/2021
Service Master		7/15/2021
Sikich		5/6/2024
SoftCo		3/1/2024
Spindrift		2/19/2025
SRP Parent Inc.		3/27/2026
Superna Inc.		3/8/2022
Taoglas		2/28/2023
Taoglas		6/27/2024
Thrasio, LLC		6/18/2024
Titan Cloud Software, Inc		11/4/2022
TLC Holdco LP		10/11/2019
Utimaco		6/28/2022
Ventiv Holdco, Inc.		9/3/2019
Voltaire Topco Limited		8/28/2025
WSP		8/31/2021
WSP		5/20/2024

(26)Denotes that all or a portion of the investment includes PIK income during the period.

(27)Tick mark not used.

(28)Tick mark not used.

27

(29)Assets or a portion thereof are pledged as collateral for the 2019-1 Issuer. See “Note 6. Debt.”

(30)Cash equivalents include $11,695 of restricted cash.

(31)Loan includes interest rate floor of 2.00%.

(32)Loan includes interest rate floor of 1.50%.

(33)Loan includes interest rate floor of 3.00%.

(34)£1,027 of the total par amount for this security is at EURIBOR + 6.25%.

(35)$565 of the total par amount for this security is at P+ 4.00%.

(36)AUD 553 of the total par amount for this security is at BBSY+ 5.00%.

See Notes to Consolidated Financial Statements

28

Bain Capital Specialty Finance, Inc.

Consolidated Schedule of Investments

As of December 31, 2025

(In thousands)

								Interest				Maturity		Principal/									Market				% of
Portfolio Company		Investment Type		Index (1)		Spread (1)		Rate				Date		Shares					Cost				Value				NAV (4)
Non-Controlled/Non-Affiliate Investments
Aerospace & Defense
ATS (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.75%			9.65	%		7/12/2029		$		4,938				4,890				4,938
ATS (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/12/2029		$		—				—				—
Bridger Aerospace Group Holdings, Inc. (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		6.00%			9.70	%		10/28/2030		$		287				273				273
Bridger Aerospace Group Holdings, Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/28/2030		$		—				(8	)			(8	)
Bridger Aerospace Group Holdings, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		6.00%			9.72	%		10/28/2030		$		5,099				5,049				5,048
BTX Precision (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.77	%		7/25/2030		$		7,607				7,553				7,607
BTX Precision (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/25/2030		$		—				(28	)			—
BTX Precision (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.77	%		7/25/2030		$		5,945				5,898				5,945
BTX Precision (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.75%			8.60	%		7/25/2030		$		5,928				5,873				5,928
BTX Precision (15)(19)(29)		First Lien Senior Secured Loan		SOFR		4.75%			8.59	%		7/25/2030		$		1,439				1,428				1,439
BTX Precision (14)(19)(25)		Equity Interest		—		—		—				—				2				2,199				3,361
Forward Slope (15)(19)		First Lien Senior Secured Loan		SOFR		5.60%			9.27	%		8/22/2029		$		6,076				5,970				6,076
Forward Slope (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.60%			9.27	%		8/22/2029		$		13,248				13,018				13,248
Forward Slope (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.60%			9.32	%		8/22/2029		$		8,588				8,453				8,588
Forward Slope (15)(19)		First Lien Senior Secured Loan		SOFR		5.60%			9.27	%		8/22/2029		$		5,561				5,503				5,561
Forward Slope (14)(19)(25)		Equity Interest		—		—		—				—				930				930				1,543
Forward Slope (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.60%			9.32	%		8/22/2029		$		1,861				1,861				1,861
GSP Holdings, LLC (15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.90%			9.57	%		11/5/2027		$		4,689				4,704				4,360
GSP Holdings, LLC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		2.95% (2.95% PIK)			9.57	%		11/5/2027		$		1,126				1,116				1,047
GSP Holdings, LLC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		2.95% (2.95% PIK)			9.57	%		11/6/2026		$		9,811				9,905				9,124
Heads Up Technologies, Inc. (16)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.92	%		7/23/2030		$		216				215				215
Heads Up Technologies, Inc. (16)(19)		Second Lien Senior Secured Loan		SOFR		8.25%			11.92	%		7/23/2031		$		9,720				9,671				9,671
Heads Up Technologies, Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/23/2030		$		—				(8	)			(9	)
Mach Acquisition R/C (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		7.15%			10.99	%		10/19/2026		$		7,532				7,500				7,532
Mach Acquisition T/L (15)(19)(29)		First Lien Senior Secured Loan		SOFR		7.15%			11.01	%		10/19/2026		$		13,268				13,221				13,268
Precision Ultimate Holdings, LLC (14)(19)(25)		Equity Interest		—		—		—				—				1,417				1,417				345
Precision Ultimate Holdings, LLC (14)(19)(25)		Equity Interest		—		—		—				—				620				781				1,145
Robinson Helicopter (14)(19)(25)		Equity Interest		—		—		—				—				1,592				507				2,551
Saturn Purchaser Corp. (15)(19)(29)		First Lien Senior Secured Loan		SOFR		4.85%			8.72	%		7/22/2030		$		13,281				13,198				13,281
Saturn Purchaser Corp. (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/22/2030		$		—				(53	)			—
Solairus (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				7/22/2030		$		—				(15	)			—
Whitcraft-Paradigm (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				2/28/2029		$		—				(11	)			(11	)
Whitcraft-Paradigm (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.67	%		2/15/2029		$		10,158				10,100				10,158
Whitcraft-Paradigm (3)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				2/15/2029		$		—				—				—

29

								Interest				Maturity		Principal/									Market				% of
Portfolio Company		Investment Type		Index (1)		Spread (1)		Rate				Date		Shares					Cost				Value				NAV (4)
Non-Controlled/Non-Affiliate Investments
Aerospace & Defense
Whitcraft-Paradigm (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.67	%		2/15/2029		$		2,297				2,297				2,297
Whitcraft-Paradigm (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.67	%		2/15/2029		$		2,661				2,638				2,661
Aerospace & Defense Total																				146,045				149,043				13.3	%
Automotive
American Trailer Rental Group (19)(26)		Subordinated Debt		—		5.50% (8.75% PIK)			14.25	%		12/1/2027		$		5,932				5,904				5,339
American Trailer Rental Group (19)(26)		Subordinated Debt		—		5.50% (8.75% PIK)			14.25	%		12/1/2027		$		18,302				18,173				16,471
American Trailer Rental Group (19)(26)		Subordinated Debt		—		5.50% (8.75% PIK)			14.25	%		12/1/2027		$		22,855				22,712				20,568
Cardo (6)(18)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.98	%		5/12/2028		$		98				97				98
Chilton (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.40	%		2/5/2031		$		6,451				6,410				6,403
Chilton (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				2/5/2031		$		—				(22	)			(76	)
Chilton (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.50%			9.40	%		2/5/2031		$		886				862				857
Gills Point S (14)(19)(25)		Preferred Equity		—		—		—				—				—				20				39
Gills Point S (15)(19)(26)		First Lien Senior Secured Loan		SOFR		4.00% (1.50% PIK)			9.22	%		5/17/2029		$		12,378				12,378				12,068
Gills Point S (15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.00% (1.50% PIK)			9.22	%		5/17/2029		$		1,238				1,225				1,207
Gills Point S (15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.00% (1.50% PIK)			9.22	%		5/17/2029		$		7,310				7,310				7,127
Gills Point S (15)(19)(26)		First Lien Senior Secured Loan		SOFR		4.00% (1.50% PIK)			9.22	%		5/17/2029		$		3,661				3,640				3,570
Gills Point S (14)(19)(25)		Equity Interest		—		—		—				—				2				215				104
Gills Point S (3)(15)(19)(26)		First Lien Senior Secured Loan - Revolver		SOFR		4.00% (1.50% PIK)			9.34	%		5/17/2029		$		2,900				2,876				2,779
Gills Point S (15)(19)(26)		First Lien Senior Secured Loan		SOFR		4.00% (1.50% PIK)			9.23	%		5/17/2029		$		3,989				3,959				3,889
Intoxalock (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.10%			8.82	%		11/1/2028		$		11,883				11,817				11,883
Intoxalock (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				11/1/2028		$		—				(16	)			—
JHCC Holdings, LLC (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.25%			8.92	%		9/9/2027		$		11,801				11,726				11,801
JHCC Holdings, LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		P		4.25%			11.00	%		9/9/2027		$		1,842				1,814				1,842
Automotive Total																			$	111,100			$	105,969				9.5	%
Beverage, Food & Tobacco
AgroFresh Solutions (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.60%			9.32	%		4/2/2029		$		1,866				1,809				1,866
AgroFresh Solutions (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.60%			9.32	%		3/31/2030		$		6,860				6,765				6,860
AgroFresh Solutions (15)(19)		First Lien Senior Secured Loan		SOFR		5.60%			9.32	%		3/31/2030		$		6,090				5,968				6,090
Arctic Glacier U.S.A., Inc. (19)(26)(31)		First Lien Senior Secured Loan		SOFR		6.76% (4.00% PIK)			14.43	%		5/24/2028		$		12,816				12,678				12,591
Arctic Glacier U.S.A., Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				5/24/2028		$		—				(10	)			(47	)
BCC CPK investments 1, LLC (14)(19)(25)		Equity Interest		—		—		—				—				370				370				370
BCC Trillium Foods Investments 1, LLC (14)(19)(25)		Equity Interest		—		—		—				—				3				2,531				3,183
BCSF Project Aberdeen, LLC (14)(19)(25)		Equity Interest		—		—		—				—				2,217				2,217				2,390
CPK IPCO Buyer LLC (19)		Subordinated Debt		—		12.00%			12.00	%		12/22/2031		$		610				601				601
Hellers (6)(19)(26)		Subordinated Debt		—		15.00% PIK			15.00	%		3/27/2031		NZ$		510				314				289
Hellers (2)(3)(5)(6)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				9/27/2030		NZ$		—				(13	)			(5	)
Hellers (6)(18)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		BBSY		3.63% (1.88%PIK)			9.29	%		9/27/2030		AUD		51				35				33
Hellers (6)(15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		BKBM		3.63% (1.88%PIK)			8.07	%		9/27/2030		NZ$		47				28				27
PPX (14)(19)(25)		Preferred Equity		—		—		—				—				33				—				—
PPX (14)(19)(25)		Preferred Equity		—		—		—				—				33				5,000				3,750

30

								Interest				Maturity		Principal/									Market				% of
Portfolio Company		Investment Type		Index (1)		Spread (1)		Rate				Date		Shares					Cost				Value				NAV (4)
Non-Controlled/Non-Affiliate Investments
Beverage, Food & Tobacco
SauceCo HoldCo, LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.75%			9.44	%		5/13/2030		$		3,637				3,601				3,637
SauceCo HoldCo, LLC (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.75%			9.42	%		5/13/2030		$		71,359				69,154				71,359
Spindrift (19)(26)		Subordinated Debt		—		13.75% PIK			13.75	%		2/19/2033		$		1,574				1,534				1,574
Spindrift (14)(19)(25)		Equity Interest		—		—		—				—				1				500				537
Beverage, Food & Tobacco Total																			$	113,082			$	115,105				10.3	%
Capital Equipment
AeriTek Global CAD Acquisition Inc. (6)(15)(19)		First Lien Senior Secured Loan		SOFR		6.50%			10.32	%		8/27/2030		$		474				467				467
AeriTek Global CAD Acquisition Inc. (3)(6)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		6.50%			10.32	%		8/27/2030		$		19				19				19
AXH Air Coolers (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.20	%		10/31/2029		$		7,400				7,347				7,400
AXH Air Coolers (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/31/2029		$		—				(35	)			—
AXH Air Coolers (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.20	%		10/31/2029		$		3,299				3,278				3,299
AXH Air Coolers (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.50%			9.20	%		10/31/2029		$		4,877				4,849				4,877
AXH Air Coolers (14)(19)(25)		Preferred Equity		—		—		—				—				3,417				1,104				8,675
East BCC Coinvest II, LLC (14)(19)(25)		Equity Interest		—		—		—				—				1,419				1,229				—
Engineered Products Co., LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		4.75%			8.59	%		8/12/2031		$		85				79				79
Ergotron Acquisition LLC (16)(19)(29)		First Lien Senior Secured Loan		SOFR		5.25%			8.97	%		7/6/2028		$		10,872				10,761				10,872
EXT Acquisitions, Inc. (3)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				12/19/2031		$		—				—				—
EXT Acquisitions, Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/19/2031		$		—				(3	)			(3	)
EXT Acquisitions, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.95	%		12/19/2031		$		4,835				4,787				4,811
FCG Acquisitions, Inc. (14)(19)(25)		Preferred Equity		—		—		—				—				4				—				—
Goodfellow (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		5.25%			7.27	%		2/10/2032		€		50				51				59
Goodfellow (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		5.25%			7.27	%		2/10/2032		€		50				51				59
Goodfellow (6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		5.25%			8.98	%		2/10/2032		£		50				64				67
Goodfellow (6)(15)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.92	%		2/10/2032		$		50				50				50
PPT Group (6)(18)(19)		First Lien Senior Secured Loan		SONIA		5.50%			9.45	%		2/28/2031		£		6,131				7,658				8,185
PPT Group (3)(6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		5.50%			9.43	%		2/28/2031		£		220				287				260
PPT Group (3)(6)(18)(19)		First Lien Senior Secured Loan - Revolver		SONIA		5.50%			9.44	%		2/28/2031		£		132				158				178
PPT Group (6)(14)(19)(25)		Equity Interest		—		—		—				—				376				376				335
TCFIII Owl Finance, LLC (19)(26)		Subordinated Debt		—		12.00% PIK			12.00	%		1/30/2027		$		6,965				6,947				6,965
Capital Equipment Total																			$	49,524			$	56,654				5.1	%
Chemicals, Plastics & Rubber
AP Plastics Group, LLC (16)(19)(29)		First Lien Senior Secured Loan		SOFR		4.85%			8.72	%		8/10/2030		$		13,582				13,391				13,582
AP Plastics Group, LLC (16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.85%			8.72	%		8/10/2030		$		175				175				175
AP Plastics Group, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				8/10/2030		$		—				(3	)			(3	)
Duraco (19)(29)(32)		First Lien Senior Secured Loan		SOFR		6.50%			10.16	%		6/6/2029		$		8,533				8,439				8,106
Duraco (3)(19)(32)		First Lien Senior Secured Loan - Revolver		SOFR		6.50%			10.24	%		6/6/2029		$		398				375				299
Plaskolite PPC Intermediate II LLC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		4.00% (4.00% PIK)			11.86	%		5/9/2030		$		7,224				7,070				7,080

31

								Interest				Maturity		Principal/									Market				% of
Portfolio Company		Investment Type		Index (1)		Spread (1)		Rate				Date		Shares					Cost				Value				NAV (4)
Non-Controlled/Non-Affiliate Investments
Chemicals, Plastics & Rubber
Plaskolite PPC Intermediate II LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		7.00%			10.86	%		2/7/2030		$		73				62				60
V Global Holdings LLC (3)(16)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.85%			9.62	%		12/22/2027		$		4,042				4,033				3,557
V Global Holdings LLC (16)(19)		First Lien Senior Secured Loan		EURIBOR		5.75%			7.76	%		12/22/2027		€		97				101				107
V Global Holdings LLC (16)(19)		First Lien Senior Secured Loan		SOFR		5.90%			9.77	%		12/22/2027		$		15,583				15,252				14,804
Chemicals, Plastics & Rubber Total																			$	48,895			$	47,767				4.3	%
Construction & Building
AGS American Glass Services Acquisition, LLC (15)(19)		First Lien Senior Secured Loan		SOFR		5.50%			9.22	%		7/24/2031		$	159					158				158
AGS American Glass Services Acquisition, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				7/24/2031		$		—				(1	)			(5	)
AGS American Glass Services Acquisition, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/24/2031		$		—				(2	)			(2	)
AGS American Services Investments, L.P. (14)(19)(25)		Equity Interest		—		—		—				—				3				338				338
BCSF ServiceMaster Investments, LLC (14)(19)(25)		Preferred Equity		—		—		—				—				—				28				55
Chase Industries, Inc. (15)(19)(26)		First Lien Senior Secured Loan		SOFR		5.65% (1.50% PIK)			10.82	%		11/11/2027		$		27,479				27,077				26,929
Chase Industries, Inc. (15)(19)(26)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.65% (1.50% PIK)			10.82	%		11/11/2027		$		2,689				2,642				2,635
Chase Industries, Inc. (3)(15)(19)(26)		First Lien Senior Secured Loan - Revolver		SOFR		5.65% (1.50% PIK)			10.82	%		11/11/2027		$		525				509				490
Elk (14)(19)(25)		Equity Interest		—		—		—				—				1				7				742
Elk (14)(19)(25)		Preferred Equity		—		—		—				—				72				722				1,175
G702 Buyer, Inc. (16)(19)		First Lien Senior Secured Loan		SOFR		4.75%			8.42	%		7/2/2031		$		159				159				156
G702 Buyer, Inc. (2)(3)(5)(18)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				7/2/2031		$		—				(11	)			(12	)
Service Master (18)(19)(26)		First Lien Senior Secured Loan		SOFR		6.01% (1.00% PIK)			10.89	%		8/16/2027		$		929				923				929
Service Master (3)(18)(19)		First Lien Senior Secured Loan - Revolver		SOFR		7.01%			10.66	%		8/16/2027		$		14,222				14,204				14,222
Service Master (15)(19)(26)		First Lien Senior Secured Loan		SOFR		5.86% (1.00% PIK)			10.60	%		8/16/2027		$		1,581				1,573				1,581
Service Master (15)(19)(26)		First Lien Senior Secured Loan		SOFR		5.86% (1.00% PIK)			10.58	%		8/16/2027		$		7,648				7,606				7,648
Service Master (15)(19)(26)		First Lien Senior Secured Loan		SOFR		6.01% (1.00% PIK)			10.86	%		12/31/2029		$		3,918				3,918				3,918
Service Master (15)(19)(26)		First Lien Senior Secured Loan		SOFR		6.01% (1.00% PIK)			10.86	%		12/31/2029		$		130				130				130
Service Master (18)(19)(26)		First Lien Senior Secured Loan		SOFR		5.86% (1.00% PIK)			10.58	%		8/16/2027		$		3,167				3,167				3,167
Service Master (14)(19)(25)		Preferred Equity		—		—		—				—				—				169				—
Service Master (14)(19)(25)		Equity Interest		—		—		—				—				—				—				—
Zeus Fire & Security (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.77	%		12/11/2030		$		8,762				8,762				8,740
Zeus Fire & Security (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.00%			8.85	%		12/11/2030		$		4,841				4,809				4,828
Zeus Fire & Security (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/11/2030		$		—				(16	)			(7	)
Construction & Building Total																			$	76,871			$	77,815				7.0	%

32

								Interest				Maturity		Principal/									Market				% of
Portfolio Company		Investment Type		Index (1)		Spread (1)		Rate				Date		Shares					Cost				Value				NAV (4)
Non-Controlled/Non-Affiliate Investments
Consumer Goods: Durable
New Milani Group LLC (15)(19)		First Lien Senior Secured Loan		SOFR		4.75%			8.44	%		6/26/2031		$		10,584				10,485				10,532
New Milani Group LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				6/26/2031		$		—				(2	)			(2	)
New Milani Group LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				6/26/2031		$		—				(12	)			(6	)
Stanton Carpet (15)(19)		Second Lien Senior Secured Loan		SOFR		9.15%			13.09	%		3/31/2028		$		11,434				11,317				11,434
Tangent Technologies Acquisition, LLC (15)(19)		Second Lien Senior Secured Loan		SOFR		9.00%			13.01	%		5/30/2028		$		8,915				8,831				8,915
TLC Holdco LP (14)(19)(25)		Equity Interest		—		—		—				—				1,281				1,221				482
TLC Purchaser, Inc. (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.76%			9.47	%		10/11/2027		$		6,093				6,092				5,522
TLC Purchaser, Inc. (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.76%			9.47	%		10/11/2027		$		13,038				12,933				12,256
TLC Purchaser, Inc. (15)(19)		First Lien Senior Secured Loan		SOFR		5.76%			9.43	%		10/11/2027		$		1,953				1,943				1,836
Consumer Goods: Durable Total																			$	52,808			$	50,969				4.6	%
Consumer Goods: Non-Durable
Evriholder (19)(29)(32)		First Lien Senior Secured Loan		SOFR		6.90%			10.57	%		1/24/2028		$		5,898				5,866				5,839
Fineline Technologies, Inc. (14)(19)(25)		Equity Interest		—		—		—				—				939				939				1,288
Hempz (15)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.92	%		10/25/2029		$		220				218				217
Hempz (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/25/2029		$		—				(12	)			(27	)
RoC Skincare (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.25%			9.12	%		2/21/2031		$		9,825				9,713				9,825
RoC Skincare (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				2/21/2030		$		—				(21	)			—
Solaray, LLC (3)(18)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.60%			9.44	%		6/15/2028		$		12,052				12,052				12,052
Solaray, LLC (15)(19)		First Lien Senior Secured Loan		SOFR		6.85%			10.69	%		6/15/2028		$		28,283				28,283				25,737
Solaray, LLC (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		6.85%			10.69	%		6/15/2028		$		13,026				13,011				11,853
Summer Fridays, LLC (15)(19)		First Lien Senior Secured Loan		SOFR		5.25%			8.92	%		5/16/2031		$		483				476				476
Summer Fridays, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				5/16/2031		$		—				(12	)			(13	)
WU Holdco, Inc. (3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				4/15/2032		$		—				(12	)			—
WU Holdco, Inc. (3)(18)(19)		First Lien Senior Secured Loan - Revolver		SOFR		4.75%			8.40	%		4/15/2032		$		303				287				303
Consumer Goods: Non-Durable Total																			$	70,788			$	67,550				6.0	%
Consumer Goods: Wholesale
WSP (2)(3)(5)(7)(14)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				4/27/2028		$		—				(6	)			(153	)
WSP (14)(19)(25)		Equity Interest		—		—		—				—				2,898				2,898				—
WSP (7)(14)(15)(19)		First Lien Senior Secured Loan		SOFR		1.25%			5.45	%		4/27/2028		$		3,282				2,969				1,256
WSP (7)(14)(19)(26)		First Lien Senior Secured Loan		—		8.00% PIK			8.00	%		4/27/2028		$		2,213				1,995				—
WSP (14)(19)(25)		Preferred Equity		—		—		—				—				—				216				—
WSP (14)(19)(25)		Equity Interest		—		—		—				—				—				12				—
Consumer Goods: Wholesale Total																			$	8,084			$	1,103				0.1	%
Containers, Packaging & Glass
ASP-r-pac Acquisition Co LLC (16)(19)(29)		First Lien Senior Secured Loan		SOFR		6.26%			10.10	%		12/29/2027		$		5,724				5,646				5,724
ASP-r-pac Acquisition Co LLC (3)(16)(19)		First Lien Senior Secured Loan - Revolver		SOFR		6.11%			9.83	%		12/29/2027		$		2,716				2,687				2,716
Precision Concepts Parent Inc. (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		4.75%			8.59	%		8/2/2032		$		36				32				32
Precision Concepts Parent Inc. (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.75%			8.59	%		8/2/2032		$		717				714				710
Containers, Packaging & Glass Total																			$	9,079			$	9,182				0.8	%
Environmental Industries
BCC HGS Investments 1, LLC (14)(19)(25)		Equity Interest		—		—		—				—				7				1,065				1,065
Humic Acquisition Holdings, LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				10/21/2031		$		—				(8	)			(9	)
Humic Acquisition Holdings, LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.75%			9.63	%		10/21/2031		$		936				916				915
Humic Acquisition Holdings, LLC (15)(19)		First Lien Senior Secured Loan		SOFR		5.75%			9.48	%		10/21/2031		$		14,519				14,448				14,446
Meteor UK Bidco Limited (6)(18)(19)		First Lien Senior Secured Loan		SONIA		5.00%			8.73	%		5/14/2032		£		8,104				10,793				10,820
Meteor UK Bidco Limited (6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		5.00%			8.95	%		5/14/2032		£		4,858				6,460				6,486
Meteor UK Bidco Limited (3)(6)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				11/14/2031		£		—				—				—

33

								Interest				Maturity		Principal/									Market				% of
Portfolio Company		Investment Type		Index (1)		Spread (1)		Rate				Date		Shares					Cost				Value				NAV (4)
Non-Controlled/Non-Affiliate Investments
Environmental Industries
Reconomy (6)(18)(19)		First Lien Senior Secured Loan		SONIA		6.50%			10.22	%		7/12/2029		£		68				83				91
Reconomy (3)(6)(18)(19)(34)		First Lien Senior Secured Loan - Delayed Draw		SOFR		6.50%			10.17	%		7/12/2029		£		4,182				5,471				5,526
Reconomy (6)(18)(19)		First Lien Senior Secured Loan		EURIBOR		6.25%			8.27	%		7/12/2029		€		27				28				32
Titan Cloud Software, Inc (18)(19)		First Lien Senior Secured Loan		SOFR		5.85%			9.69	%		9/7/2029		$		27,580				27,446				27,580
Titan Cloud Software, Inc (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.85%			9.55	%		9/7/2029		$		12,264				12,210				12,264
Titan Cloud Software, Inc (3)(18)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.85%			9.69	%		9/7/2028		$		3,424				3,399				3,424
Titan Cloud Software, Inc (14)(19)(25)		Equity Interest		—		—		—				—				3,532				3,532				4,851
Environmental Industries Total																			$	85,843			$	87,491				7.8	%
FIRE: Finance
Allworth Financial Group, L.P. (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.75%			8.47	%		12/23/2027		$		848				842				848
Allworth Financial Group, L.P. (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/23/2027		$		—				(5	)			—
Allworth Financial Group, L.P. (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.75%			8.47	%		12/23/2027		$		5,012				4,984				5,012
Allworth Financial Group, L.P. (15)(19)(29)		First Lien Senior Secured Loan		SOFR		4.75%			8.47	%		12/23/2027		$		1,459				1,452				1,459
Avalon Bidco Limited (6)(15)(19)		First Lien Senior Secured Loan		SONIA		6.25%			10.22	%		4/16/2032		£		50				65				66
Avalon Bidco Limited (3)(6)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		6.25%			10.22	%		4/16/2032		£		2,556				3,318				3,369
Choreo (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.00%			8.72	%		2/18/2028		$		128				128				128
Endurance Holdco Limited (6)(19)(25)(26)		Preferred Equity		—		12.50% PIK			12.50	%		—				3,031				3,915				3,996
Insigneo Financial Group LLC (19)(26)		First Lien Senior Secured Loan		—		10.00% PIK			10.00	%		8/1/2027		$		1,945				1,958				1,945
Insigneo Financial Group LLC (15)(19)		First Lien Senior Secured Loan		SOFR		6.60%			10.30	%		8/1/2028		$		267				263				267
Insigneo Financial Group LLC (14)(19)(25)		Equity Interest		—		—		—				—				534				535				3,259
Lagerbox (6)(15)(19)		First Lien Senior Secured Loan		EURIBOR		3.50%			5.55	%		12/20/2028		€		750				779				880
LEP SAL Co-Invest, L.P. (6)(14)(19)(25)		Equity Interest		—		—		—				—				1,000				1,317				1,345
Monarch Finco, LLC (3)(17)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.25%			8.09	%		10/29/2032		$		18				18				18
Monarch Finco, LLC (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/29/2032		$		—				—				—
Monarch Finco, LLC (17)(19)		First Lien Senior Secured Loan		SOFR		4.25%			8.09	%		10/29/2032		$		156				156				154
Parmenion (6)(18)(19)		First Lien Senior Secured Loan		SONIA		5.50%			9.46	%		5/23/2029		£		295				370				397
PMA (16)(19)		First Lien Senior Secured Loan		SOFR		4.75%			8.42	%		1/31/2031		$		58				57				58
PMA (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				1/31/2031		$		—				(15	)			—
Sikich (14)(19)(25)		Warrants		—		—		—				—				5				—				545
Sikich (14)(19)(25)		Warrants		—		—		—				—				2				—				156
Sikich (19)(25)(26)		Preferred Equity		—		13.00% PIK			13.00	%		—				36				3,644				3,644
TA/Weg Holdings (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.50%			8.16	%		10/2/2028		$		2,301				2,299				2,299
TA/Weg Holdings (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.50%			8.16	%		10/2/2028		$		9,113				9,113				9,113
Wealth Enhancement Group (WEG) (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				10/2/2028		$		—				(9	)			—
Wealth Enhancement Group (WEG) (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.50%			8.16	%		10/4/2028		$		5,901				5,873				5,901
FIRE: Finance Total																			$	41,057			$	44,859				4.0	%

34

								Interest				Maturity		Principal/									Market				% of
Portfolio Company		Investment Type		Index (1)		Spread (1)		Rate				Date		Shares					Cost				Value				NAV (4)
Non-Controlled/Non-Affiliate Investments
FIRE: Insurance
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan		SOFR		4.90%			8.56	%		12/19/2027		$		902				895				895
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.90%			8.56	%		12/19/2027		$		413				410				410
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan		SOFR		4.90%			8.56	%		12/19/2027		$		95				94				95
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan		SOFR		4.90%			8.56	%		12/19/2027		$		249				249				249
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.90%			8.56	%		12/19/2027		$		262				260				262
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.90%			8.56	%		12/19/2027		$		6,983				6,982				6,983
McLarens Acquisition Inc. (16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.90%			8.56	%		12/19/2027		$		7				7				7
McLarens Acquisition Inc. (3)(16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.85%			8.61	%		12/19/2027		$		3,902				3,886				3,902
McLarens Acquisition Inc. (3)(6)(16)(19)		First Lien Senior Secured Loan - Delayed Draw		SONIA		4.87%			8.71	%		12/19/2027		£		948				1,248				1,276
McLarens Acquisition Inc. (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/19/2027		$		—				—				—
McLarens Acquisition Inc. (2)(3)(5)(6)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/20/2027		£		—				(3	)			(3	)
McLarens Acquisition Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/19/2027		$		—				(7	)			(7	)
MRHT (2)(3)(5)(6)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				11/10/2031		€		—				(14	)			(16	)
MRHT (3)(6)(18)(19)		First Lien Senior Secured Loan - Delayed Draw		EURIBOR		5.00%			7.02	%		5/17/2032		€		2,145				2,498				2,463
Simplicity (16)(19)(29)		First Lien Senior Secured Loan		SOFR		4.75%			8.40	%		12/31/2031		$		10,173				10,083				10,173
Simplicity (3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				12/31/2031		$		—				(37	)			—
Simplicity (3)(16)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		4.75%			8.40	%		12/31/2031		$		4,140				4,102				4,140
FIRE: Insurance Total																			$	30,653			$	30,829				2.8	%
Healthcare & Pharmaceuticals
Accident Care Alliance Holdco LLC (15)(19)		First Lien Senior Secured Loan		SOFR		5.00%			8.67	%		8/20/2030		$		1,259				1,253				1,253
Accident Care Alliance Holdco LLC (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				8/20/2030		$		—				(3	)			(13	)
Accident Care Alliance Holdco LLC (3)(15)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.00%			8.70	%		8/20/2030		$		380				368				367
AEG Vision (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.90%			9.57	%		3/27/2027		$		2,038				2,033				2,038
AEG Vision (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.90%			9.57	%		3/27/2027		$		16,186				16,149				16,186
AEG Vision (15)(19)(29)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.90%			9.57	%		3/27/2027		$		17,653				17,614				17,653
AEG Vision (15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.90%			9.57	%		3/27/2027		$		41,731				41,386				41,731
Alldent Holding GmbH (3)(6)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				11/15/2032		€		—				—				—
Alldent Holding GmbH (6)(18)(19)		First Lien Senior Secured Loan		EURIBOR		5.50%			7.62	%		11/15/2032		€		1,600				1,836				1,859
AOM Infusion (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				3/19/2032		$		—				(5	)			(3	)
AOM Infusion (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				3/19/2032		$		—				(4	)			(2	)
Apollo Intelligence (16)(19)		First Lien Senior Secured Loan		SOFR		5.75%			9.50	%		5/31/2028		$		14,924				15,314				14,625
Apollo Intelligence (3)(16)(19)		First Lien Senior Secured Loan - Revolver		SOFR		5.75%			9.50	%		5/31/2028		$		9,039				9,010				8,837
Apollo Intelligence (14)(19)(25)		Equity Interest		—		—		—				—				34				3,378				2,288
Beacon Specialized Living (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.17	%		3/25/2028		$		4,925				4,886				4,925
Beacon Specialized Living (3)(15)(19)		First Lien Senior Secured Loan - Delayed Draw		SOFR		5.50%			9.17	%		3/25/2028		$		4,834				4,738				4,834
Beacon Specialized Living (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				3/25/2028		$		—				—				—
Caregiver (19)(26)		Subordinated Debt		—		16.50% PIK			16.50	%		1/1/2030		$		9,846				9,750				9,699
CB Titan Holdings, Inc. (14)(19)(25)		Preferred Equity		—		—		—				—				1,953				1,953				—
CRH Healthcare Purchaser, Inc. (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.25%			8.92	%		9/17/2031		$		7,336				7,301				7,299

35

								Interest				Maturity		Principal/									Market				% of
Portfolio Company		Investment Type		Index (1)		Spread (1)		Rate				Date		Shares					Cost				Value				NAV (4)
Non-Controlled/Non-Affiliate Investments
Healthcare & Pharmaceuticals
CRH Healthcare Purchaser, Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Delayed Draw		—		—		—				9/17/2031		$		—				(5	)			(10	)
CRH Healthcare Purchaser, Inc. (2)(3)(5)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				9/17/2031		$		—				(4	)			(4	)
EHE Health (15)(19)(29)		First Lien Senior Secured Loan		SOFR		5.50%			9.17	%		8/7/2030		$		10,760				10,671				10,760
EHE Health (3)(19)		First Lien Senior Secured Loan - Revolver		—		—		—				8/7/2030		$		—				—				—
EHE Health (14)(19)(25)		Equity Interest		—		—		—				—				2,178				2,178				2,383
Great Expressions Dental Center PC (15)(19)(26)		First Lien Senior Secured Loan		SOFR		1.15% (3.00% PIK)		⚠️ Filing Content Truncated This filing was too large to display in its entirety (original size: 35.71 MB). The content has been truncated to fit within database limits. To view the complete filing, please visit the original source: View Complete Filing on SEC Website Filing: 10-Q - Bain Capital Specialty Finance, Inc. (BCSF) Accession Number: 0001193125-26-217068